# EDGAR Filing Document

**Accession Number:** 0000225318
**File Stem:** 0000225318-25-000008
**Filing Date:** 2025-8
**Character Count:** 241388
**Document Hash:** 4de5d8d6273b100d0ed048312978bc63
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000225318-25-000008.hdr.sgml**: 20250822

**ACCESSION NUMBER**: 0000225318-25-000008

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250822

**DATE AS OF CHANGE**: 20250822

**PERIOD START**: 20260331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Federated Hermes Sustainable High Yield Bond Fund, Inc.
- **CENTRAL INDEX KEY:** 0000225318

**ORGANIZATION NAME:**
- **EIN:** 251327974
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-02782
- **FILM NUMBER:** 251242984

**BUSINESS ADDRESS:**
- **STREET 1:** 4000 ERICSSON DRIVE
- **CITY:** WARRENDALE
- **STATE:** PA
- **ZIP:** 15086-7561
- **BUSINESS PHONE:** 8003417400

**MAIL ADDRESS:**
- **STREET 1:** 4000 ERICSSON DRIVE
- **CITY:** WARRENDALE
- **STATE:** PA
- **ZIP:** 15086-7561

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Federated Hermes High Income Bond Fund, Inc.
- **DATE OF NAME CHANGE:** 20200626

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FEDERATED HIGH INCOME BOND FUND INC
- **DATE OF NAME CHANGE:** 19960306

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** LIBERTY HIGH INCOME BOND FUND INC
- **DATE OF NAME CHANGE:** 19920703

## Series and Classes Contracts Data

### Federated Hermes Sustainable High Yield Bond Fund, Inc. (Series ID: S000009068)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000024639 | Class A Shares       | FHIIX           |
| C000024641 | Class C Shares       | FHICX           |
| C000177176 | Class R6 Shares      | FHBRX           |
| C000177177 | Institutional Shares | FHISX           |
| C000188093 | Class T Shares       |  |

## Nport-Ex

Federated Hermes Sustainable High Yield Bond Fund, Inc.

Portfolio of Investments

June 30, 2025 (unaudited)

---

| | | |
|:---|:---|:---|
| **Principal** <br>**Amount** <br>**or Shares**<br>|  | **Value** |
|  | CORPORATE BONDS—95.0% |  |
|  | **Aerospace/Defense—1.5%** |  |
| $350000 | Goat Holdco, LLC, 144A, 6.750%, 2/1/2032 | &nbsp;&nbsp; $356116 |
| &nbsp;&nbsp; 825000 | TransDigm, Inc., 144A, 6.375%, 3/1/2029 | &nbsp;&nbsp; 847433 |
| &nbsp;&nbsp; 1825000 | TransDigm, Inc., 1st Priority Sr. Secd. Note, 144A, 6.625%, 3/1/2032 | &nbsp;&nbsp; 1891874 |
| &nbsp;&nbsp; 450000 | TransDigm, Inc., Sec. Fac. Bond, 144A, 6.750%, 8/15/2028 | &nbsp;&nbsp; 460076 |
| &nbsp;&nbsp; 675000 | TransDigm, Inc., Sec. Fac. Bond, 144A, 6.875%, 12/15/2030 | &nbsp;&nbsp; 700854 |
| &nbsp;&nbsp; 2000000 | TransDigm, Inc., Sr. Sub. Note, 144A, 6.375%, 5/31/2033 | &nbsp;&nbsp; 2006813 |
| &nbsp;&nbsp; 975000 | TransDigm, Inc., Sr. Sub. Note, Series WI, 4.875%, 5/1/2029 | &nbsp;&nbsp; 958680 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 7221846 |
|  | **Airlines—0.1%** |  |
| &nbsp;&nbsp; 241667 | American Airlines, Inc./AAdvantage Loyalty IP Ltd., 144A, 5.500%, 4/20/2026 | &nbsp;&nbsp; 241263 |
| &nbsp;&nbsp; 450000 | American Airlines, Inc./AAdvantage Loyalty IP Ltd., 144A, 5.750%, 4/20/2029 | &nbsp;&nbsp; 449887 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 691150 |
|  | **Automotive—4.5%** |  |
| &nbsp;&nbsp; 575000 | Adient Global Holdings Ltd., Sr. Unsecd. Note, 144A, 7.500%, 2/15/2033 | &nbsp;&nbsp; 588507 |
| &nbsp;&nbsp; 925000 | Adient Global Holdings Ltd., Sr. Unsecd. Note, 144A, 8.250%, 4/15/2031 | &nbsp;&nbsp; 972815 |
| &nbsp;&nbsp; 225000 | Adient Global Holdings Ltd., Term Loan - 1st Lien, 144A, 7.000%, 4/15/2028 | &nbsp;&nbsp; 232077 |
| &nbsp;&nbsp; 6575000 | Clarios Global LP/Clarios US Finance Co., Sr. Unsecd. Note, 144A, 8.500%, 5/15/2027 | &nbsp;&nbsp; 6616127 |
| &nbsp;&nbsp; 950000 | Clarios Global LP, Sr. Secd. Note, 144A, 6.750%, 2/15/2030 | &nbsp;&nbsp; 988558 |
| &nbsp;&nbsp; 350000 | Dana, Inc., Sr. Unsecd. Note, 5.375%, 11/15/2027 | &nbsp;&nbsp; 351419 |
| &nbsp;&nbsp; 1800000 | Dornoch Debt Merger Sub., Inc., Sr. Unsecd. Note, 144A, 6.625%, 10/15/2029 | &nbsp;&nbsp; 1396145 |
| &nbsp;&nbsp; 825000 | Ford Motor Credit Co. LLC, Sr. Unsecd. Note, 2.700%, 8/10/2026 | &nbsp;&nbsp; 803446 |
| &nbsp;&nbsp; 1925000 | Ford Motor Credit Co. LLC, Sr. Unsecd. Note, 3.375%, 11/13/2025 | &nbsp;&nbsp; 1912363 |
| &nbsp;&nbsp; 900000 | Ford Motor Credit Co. LLC, Sr. Unsecd. Note, 4.125%, 8/17/2027 | &nbsp;&nbsp; 879997 |
| &nbsp;&nbsp; 1250000 | Ford Motor Credit Co. LLC, Sr. Unsecd. Note, 4.271%, 1/9/2027 | &nbsp;&nbsp; 1232449 |
| &nbsp;&nbsp; 1200000 | Ford Motor Credit Co. LLC, Sr. Unsecd. Note, 5.113%, 5/3/2029 | &nbsp;&nbsp; 1173808 |
| &nbsp;&nbsp; 225000 | Ford Motor Credit Co. LLC, Sr. Unsecd. Note, Series GMTN, 4.389%, 1/8/2026 | &nbsp;&nbsp; 224025 |
| &nbsp;&nbsp; 1650000 | IHO Verwaltungs GmbH, 144A, 8.000%, 11/15/2032 | &nbsp;&nbsp; 1688866 |
| &nbsp;&nbsp; 1275000 | IHO Verwaltungs GmbH, Sec. Fac. Bond, 144A, 6.375%, 5/15/2029 | &nbsp;&nbsp; 1276919 |
| &nbsp;&nbsp; 1650000 | JB Poindexter & Co., Inc., Sr. Unsecd. Note, 144A, 8.750%, 12/15/2031 | &nbsp;&nbsp; 1681266 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp; 22018787 |
|  | **Banking—0.3%** |  |
| &nbsp;&nbsp; 1500000 | Ally Financial, Inc., Sr. Sub. Note, 5.750%, 11/20/2025 | &nbsp;&nbsp; 1503537 |
|  | **Building Materials—3.4%** |  |
| &nbsp;&nbsp; 525000 | American Builders & Contractors Supply Co., Inc., 144A, 4.000%, 1/15/2028 | &nbsp;&nbsp; 513852 |
| &nbsp;&nbsp; 200000 | American Builders & Contractors Supply Co., Inc., Sr. Unsecd. Note, 144A, 3.875%, 11/15/2029 | &nbsp;&nbsp; 189344 |
| &nbsp;&nbsp; 750000 | Camelot Return Merger SU, Sec. Fac. Bond, 144A, 8.750%, 8/1/2028 | &nbsp;&nbsp; 692235 |
| &nbsp;&nbsp; 1375000 | CP Atlas Buyer, Inc., Sr. Unsecd. Note, 144A, 7.000%, 12/1/2028 | &nbsp;&nbsp; 1273796 |
| &nbsp;&nbsp; 1525000 | GYP Holdings III Corp., Sr. Unsecd. Note, 144A, 4.625%, 5/1/2029 | &nbsp;&nbsp; 1529631 |
| &nbsp;&nbsp; 1450000 | Interface, Inc., Sr. Unsecd. Note, 144A, 5.500%, 12/1/2028 | &nbsp;&nbsp; 1430174 |
| &nbsp;&nbsp; 1125000 | Masterbrand, Inc., 144A, 7.000%, 7/15/2032 | &nbsp;&nbsp; 1150393 |
| &nbsp;&nbsp; 1300000 | Miter Brands Acquisition Holdco, Inc./MIWD Borrower LLC, Sec. Fac. Bond, 144A, 6.750%, 4/1/2032 | &nbsp;&nbsp; 1334168 |
| &nbsp;&nbsp; 525000 | MIWD Holdco II LLC/MIWD Finance Corp., Sr. Unsecd. Note, 144A, 5.500%, 2/1/2030 | &nbsp;&nbsp; 500386 |
| &nbsp;&nbsp; 1125000 | Queen MergerCo., Inc., Sec. Fac. Bond, 144A, 6.750%, 4/30/2032 | &nbsp;&nbsp; 1161790 |
| &nbsp;&nbsp; 775000 | Standard Industries, Inc., Sr. Unsecd. Note, 144A, 3.375%, 1/15/2031 | &nbsp;&nbsp; 695571 |
| &nbsp;&nbsp; 425000 | Standard Industries, Inc., Sr. Unsecd. Note, 144A, 4.375%, 7/15/2030 | &nbsp;&nbsp; 402673 |

---

**1**

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br> **or Shares**<br>|  | **Value** |
|  | CORPORATE BONDS—continued |  |
|  | **Building Materials—continued** |  |
| $2975000 | Standard Industries, Inc., Sr. Unsecd. Note, 144A, 5.000%, 2/15/2027 | &nbsp;&nbsp; $2970355 |
| &nbsp;&nbsp; 700000 | Standard Industries, Inc., Sr. Unsecd. Note, 144A, 6.500%, 8/15/2032 | &nbsp;&nbsp; 717699 |
| &nbsp;&nbsp; 2100000 | White Cap Buyer LLC, Sr. Unsecd. Note, 144A, 6.875%, 10/15/2028 | &nbsp;&nbsp; 2098410 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp; 16660477 |
|  | **Cable Satellite—7.2%** |  |
| &nbsp;&nbsp; 425000 | CCO Holdings LLC/Cap Corp., Sr. Unsecd. Note, 4.500%, 5/1/2032 | &nbsp;&nbsp; 396044 |
| &nbsp;&nbsp; 1400000 | CCO Holdings LLC/Cap Corp., Sr. Unsecd. Note, 144A, 4.250%, 2/1/2031 | &nbsp;&nbsp; 1308725 |
| &nbsp;&nbsp; 725000 | CCO Holdings LLC/Cap Corp., Sr. Unsecd. Note, 144A, 4.250%, 1/15/2034 | &nbsp;&nbsp; 645839 |
| &nbsp;&nbsp; 1650000 | CCO Holdings LLC/Cap Corp., Sr. Unsecd. Note, 144A, 4.500%, 8/15/2030 | &nbsp;&nbsp; 1574108 |
| &nbsp;&nbsp; 675000 | CCO Holdings LLC/Cap Corp., Sr. Unsecd. Note, 144A, 4.500%, 6/1/2033 | &nbsp;&nbsp; 617392 |
| &nbsp;&nbsp; 1325000 | CCO Holdings LLC/Cap Corp., Sr. Unsecd. Note, 144A, 4.750%, 3/1/2030 | &nbsp;&nbsp; 1284650 |
| &nbsp;&nbsp; 300000 | CCO Holdings LLC/Cap Corp., Sr. Unsecd. Note, 144A, 4.750%, 2/1/2032 | &nbsp;&nbsp; 284746 |
| &nbsp;&nbsp; 1525000 | CCO Holdings LLC/Cap Corp., Sr. Unsecd. Note, 144A, 5.000%, 2/1/2028 | &nbsp;&nbsp; 1511992 |
| &nbsp;&nbsp; 2000000 | CCO Holdings LLC/Cap Corp., Sr. Unsecd. Note, 144A, 5.125%, 5/1/2027 | &nbsp;&nbsp; 1994936 |
| &nbsp;&nbsp; 2125000 | CCO Holdings LLC/Cap Corp., Sr. Unsecd. Note, 144A, 5.375%, 6/1/2029 | &nbsp;&nbsp; 2118707 |
| &nbsp;&nbsp; 2750000 | CSC Holdings LLC, Sr. Unsecd. Note, 144A, 3.375%, 2/15/2031 | &nbsp;&nbsp; 1907837 |
| &nbsp;&nbsp; 950000 | CSC Holdings LLC, Sr. Unsecd. Note, 144A, 4.125%, 12/1/2030 | &nbsp;&nbsp; 671063 |
| &nbsp;&nbsp; 1200000 | CSC Holdings LLC, Sr. Unsecd. Note, 144A, 4.500%, 11/15/2031 | &nbsp;&nbsp; 845448 |
| &nbsp;&nbsp; 1550000 | Doyla Holdco 18 Designated Activity Co., Sr. Unsecd. Note, 144A, 5.000%, 7/15/2028 | &nbsp;&nbsp; 1518458 |
| &nbsp;&nbsp; 375000 | Sirius XM Radio, Inc., Sr. Unsecd. Note, 144A, 3.125%, 9/1/2026 | &nbsp;&nbsp; 368210 |
| &nbsp;&nbsp; 1750000 | Sirius XM Radio, Inc., Sr. Unsecd. Note, 144A, 3.875%, 9/1/2031 | &nbsp;&nbsp; 1556695 |
| &nbsp;&nbsp; 925000 | Sirius XM Radio, Inc., Sr. Unsecd. Note, 144A, 4.000%, 7/15/2028 | &nbsp;&nbsp; 889053 |
| &nbsp;&nbsp; 1025000 | Sirius XM Radio, Inc., Sr. Unsecd. Note, 144A, 4.125%, 7/1/2030 | &nbsp;&nbsp; 945731 |
| &nbsp;&nbsp; 725000 | Sirius XM Radio, Inc., Sr. Unsecd. Note, 144A, 5.500%, 7/1/2029 | &nbsp;&nbsp; 720694 |
| &nbsp;&nbsp; 3275000 | Sunrise FinCo I B.V., Sr. Note, 144A, 4.875%, 7/15/2031 | &nbsp;&nbsp; 3099378 |
| &nbsp;&nbsp; 3600000 | Telenet Finance Luxembourg, Sec. Fac. Bond, 144A, 5.500%, 3/1/2028 | &nbsp;&nbsp; 3579455 |
| &nbsp;&nbsp; 1100000 | Virgin Media Finance PLC, Sr. Unsecd. Note, 144A, 5.000%, 7/15/2030 | &nbsp;&nbsp; 1006160 |
| &nbsp;&nbsp; 400000 | Virgin Media Secured Finance PLC, Sec. Fac. Bond, 144A, 4.500%, 8/15/2030 | &nbsp;&nbsp; 372006 |
| &nbsp;&nbsp; 1700000 | Virgin Media Secured Finance PLC, Sec. Fac. Bond, 144A, 5.500%, 5/15/2029 | &nbsp;&nbsp; 1673153 |
| &nbsp;&nbsp; 1075000 | Vmed O2 UK Financing I PLC, Sec. Fac. Bond, 144A, 4.250%, 1/31/2031 | &nbsp;&nbsp; 985500 |
| &nbsp;&nbsp; 200000 | Vmed O2 UK Financing I PLC, Sr. Note, 144A, 4.750%, 7/15/2031 | &nbsp;&nbsp; 185130 |
| &nbsp;&nbsp; 1525000 | VZ Secured Financing B.V., Sec. Fac. Bond, 144A, 5.000%, 1/15/2032 | &nbsp;&nbsp; 1357934 |
| &nbsp;&nbsp; 2000000 | Ziggo B.V., Sec. Fac. Bond, 144A, 4.875%, 1/15/2030 | &nbsp;&nbsp; 1870257 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp; 35289301 |
|  | **Chemicals—3.5%** |  |
| &nbsp;&nbsp; 150000 | Axalta Coating Systems Dutch Holding B B.V., Sr. Unsecd. Note, 144A, 7.250%, 2/15/2031 | &nbsp;&nbsp; 158331 |
| &nbsp;&nbsp; 600000 | Axalta Coating Systems Dutch Holding B.V., Sr. Unsecd. Note, 144A, 4.750%, 6/15/2027 | &nbsp;&nbsp; 596731 |
| &nbsp;&nbsp; 800000 | Axalta Coating Systems LLC, Sr. Unsecd. Note, 144A, 3.375%, 2/15/2029 | &nbsp;&nbsp; 758343 |
| &nbsp;&nbsp; 1000000 | Celanese US Holdings LLC, Sr. Unsecd. Note, 6.500%, 4/15/2030 | &nbsp;&nbsp; 1024298 |
| &nbsp;&nbsp; 2000000 | Celanese US Holdings LLC, Sr. Unsecd. Note, 6.750%, 4/15/2033 | &nbsp;&nbsp; 2022392 |
| &nbsp;&nbsp; 325000 | Cheever Escrow Issuer, Sec. Fac. Bond, 144A, 7.125%, 10/1/2027 | &nbsp;&nbsp; 331143 |
| &nbsp;&nbsp; 1375000 | Element Solutions, Inc., Sr. Unsecd. Note, 144A, 3.875%, 9/1/2028 | &nbsp;&nbsp; 1334424 |
| &nbsp;&nbsp; 975000 | Herens Holdco S.a.r.l., Sec. Fac. Bond, 144A, 4.750%, 5/15/2028 | &nbsp;&nbsp; 875823 |
| &nbsp;&nbsp; 1475000 | Maxam Prill S.a.r.l., Sec. Fac. Bond, 144A, 7.750%, 7/15/2030 | &nbsp;&nbsp; 1478758 |
| &nbsp;&nbsp; 1175000 | Olympus Water US Holding Corp., Sec. Fac. Bond, 144A, 4.250%, 10/1/2028 | &nbsp;&nbsp; 1118150 |
| &nbsp;&nbsp; 1000000 | Olympus Water US Holding Corp., Sec. Fac. Bond, 144A, 7.250%, 6/15/2031 | &nbsp;&nbsp; 1020840 |
| &nbsp;&nbsp; 2125000 | Olympus Water US Holding Corp., Sec. Fac. Bond, 144A, 9.750%, 11/15/2028 | &nbsp;&nbsp; 2240345 |
| &nbsp;&nbsp; 1300000 | Olympus Water US Holding Corp., Sr. Unsecd. Note, 144A, 6.250%, 10/1/2029 | &nbsp;&nbsp; 1241627 |
| &nbsp;&nbsp; 1600000 | SNF Group SACA, Sr. Unsecd. Note, 144A, 3.375%, 3/15/2030 | &nbsp;&nbsp; 1477741 |
| &nbsp;&nbsp; 375000 | WR Grace Holdings LLC, 144A, 4.875%, 6/15/2027 | &nbsp;&nbsp; 373302 |

---

**2**

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br> **or Shares**<br>|  | **Value** |
|  | CORPORATE BONDS—continued |  |
|  | **Chemicals—continued** |  |
| $250000 | WR Grace Holdings LLC, Sec. Fac. Bond, 144A, 7.375%, 3/1/2031 | &nbsp;&nbsp; $256198 |
| &nbsp;&nbsp; 925000 | WR Grace Holdings LLC, Sr. Unsecd. Note, 144A, 5.625%, 8/15/2029 | &nbsp;&nbsp; 838167 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp; 17146613 |
|  | **Construction Machinery—1.3%** |  |
| &nbsp;&nbsp; 1525000 | Herc Holdings, Inc., Sr. Unsecd. Note, 144A, 7.000%, 6/15/2030 | &nbsp;&nbsp; 1593598 |
| &nbsp;&nbsp; 875000 | Herc Holdings, Inc., Sr. Unsecd. Note, 144A, 7.250%, 6/15/2033 | &nbsp;&nbsp; 917395 |
| &nbsp;&nbsp; 650000 | United Rentals North America, Inc., Sr. Unsecd. Note, 4.000%, 7/15/2030 | &nbsp;&nbsp; 620706 |
| &nbsp;&nbsp; 950000 | United Rentals North America, Inc., Sr. Unsecd. Note, 4.875%, 1/15/2028 | &nbsp;&nbsp; 946853 |
| &nbsp;&nbsp; 1300000 | United Rentals North America, Inc., Sr. Unsecd. Note, 5.250%, 1/15/2030 | &nbsp;&nbsp; 1304339 |
| &nbsp;&nbsp; 925000 | United Rentals North America, Inc., Term Loan - 1st Lien, 144A, 6.000%, 12/15/2029 | &nbsp;&nbsp; 948065 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 6330956 |
|  | **Consumer Cyclical Services—3.8%** |  |
| &nbsp;&nbsp; 450000 | Allied Universal Holdco LLC, Sec. Fac. Bond, 144A, 6.875%, 6/15/2030 | &nbsp;&nbsp; 456527 |
| &nbsp;&nbsp; 825000 | Allied Universal Holdco LLC, Sec. Fac. Bond, 144A, 7.875%, 2/15/2031 | &nbsp;&nbsp; 862605 |
| &nbsp;&nbsp; 2875000 | Allied Universal Holdco LLC, Sr. Unsecd. Note, 144A, 6.000%, 6/1/2029 | &nbsp;&nbsp; 2798757 |
| &nbsp;&nbsp; 1131000 | Cars.com, Inc., Sr. Unsecd. Note, 144A, 6.375%, 11/1/2028 | &nbsp;&nbsp; 1134773 |
| &nbsp;&nbsp; 1575000 | Dun & Bradstreet Corp., Sr. Unsecd. Note, 144A, 5.000%, 12/15/2029 | &nbsp;&nbsp; 1614375 |
| &nbsp;&nbsp; 1100000 | Garda World Security Corp., 144A, 8.250%, 8/1/2032 | &nbsp;&nbsp; 1129769 |
| &nbsp;&nbsp; 350000 | Garda World Security Corp., Sec. Fac. Bond, 144A, 4.625%, 2/15/2027 | &nbsp;&nbsp; 348065 |
| &nbsp;&nbsp; 450000 | Garda World Security Corp., Sec. Fac. Bond, 144A, 7.750%, 2/15/2028 | &nbsp;&nbsp; 465906 |
| &nbsp;&nbsp; 1600000 | Garda World Security Corp., Sr. Unsecd. Note, 144A, 6.000%, 6/1/2029 | &nbsp;&nbsp; 1563087 |
| &nbsp;&nbsp; 2350000 | Garda World Security Corp., Sr. Unsecd. Note, 144A, 8.375%, 11/15/2032 | &nbsp;&nbsp; 2415974 |
| &nbsp;&nbsp; 1000000 | Go Daddy Operating Co. LLC/GD Finance Co., Inc., Sr. Unsecd. Note, 144A, 5.250%, 12/1/2027 | &nbsp;&nbsp; 999997 |
| &nbsp;&nbsp; 1350000 | Match Group Holdings II LLC, Sr. Unsecd. Note, 144A, 4.125%, 8/1/2030 | &nbsp;&nbsp; 1263359 |
| &nbsp;&nbsp; 250000 | Match Group Holdings II LLC, Sr. Unsecd. Note, 144A, 4.625%, 6/1/2028 | &nbsp;&nbsp; 244131 |
| &nbsp;&nbsp; 1350000 | Match Group Holdings II LLC, Sr. Unsecd. Note, 144A, 5.000%, 12/15/2027 | &nbsp;&nbsp; 1343566 |
| &nbsp;&nbsp; 700000 | The Brink's Co., Sr. Unsecd. Note, 144A, 6.500%, 6/15/2029 | &nbsp;&nbsp; 722074 |
| &nbsp;&nbsp; 1125000 | The Brink's Co., Sr. Unsecd. Note, 144A, 6.750%, 6/15/2032 | &nbsp;&nbsp; 1172443 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp; 18535408 |
|  | **Consumer Products—2.0%** |  |
| &nbsp;&nbsp; 1700000 | Champ Acquisition Corp., Sr. Secd. Note, 144A, 8.375%, 12/1/2031 | &nbsp;&nbsp; 1810716 |
| &nbsp;&nbsp; 825000 | Edgewell Personal Care Co., Sr. Unsecd. Note, 144A, 4.125%, 4/1/2029 | &nbsp;&nbsp; 780062 |
| &nbsp;&nbsp; 600000 | Edgewell Personal Care Co., Sr. Unsecd. Note, 144A, 5.500%, 6/1/2028 | &nbsp;&nbsp; 597468 |
| &nbsp;&nbsp; 1650000 | Energizer Holdings, Inc., Sr. Unsecd. Note, 144A, 4.375%, 3/31/2029 | &nbsp;&nbsp; 1562071 |
| &nbsp;&nbsp; 1250000 | Energizer Holdings, Inc., Sr. Unsecd. Note, 144A, 4.750%, 6/15/2028 | &nbsp;&nbsp; 1218281 |
| &nbsp;&nbsp; 850000 | Energizer Holdings, Inc., Sr. Unsecd. Note, 144A, 6.500%, 12/31/2027 | &nbsp;&nbsp; 860495 |
| &nbsp;&nbsp; 800000 | Prestige Brands, Inc., Sr. Unsecd. Note, 144A, 3.750%, 4/1/2031 | &nbsp;&nbsp; 737733 |
| &nbsp;&nbsp; 250000 | Whirlpool Corp., Sr. Unsecd. Note, 6.125%, 6/15/2030 | &nbsp;&nbsp; 252356 |
| &nbsp;&nbsp; 1750000 | Whirlpool Corp., Sr. Unsecd. Note, 6.500%, 6/15/2033 | &nbsp;&nbsp; 1757249 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 9576431 |
|  | **Diversified Manufacturing—1.8%** |  |
| &nbsp;&nbsp; 3275000 | EMRLD Borrower LP/Emerald Co-Issuer, Inc., Sec. Fac. Bond, 144A, 6.625%, 12/15/2030 | &nbsp;&nbsp; 3351707 |
| &nbsp;&nbsp; 175000 | EMRLD Borrower LP, Sec. Fac. Bond, 144A, 6.750%, 7/15/2031 | &nbsp;&nbsp; 181258 |
| &nbsp;&nbsp; 250000 | EnPro, Inc., Sr. Unsecd. Note, 144A, 6.125%, 6/1/2033 | &nbsp;&nbsp; 256205 |
| &nbsp;&nbsp; 2050000 | Gates Corp., Sr. Unsecd. Note, 144A, 6.875%, 7/1/2029 | &nbsp;&nbsp; 2131215 |
| &nbsp;&nbsp; 625000 | WESCO Distribution, Inc., Sr. Unsecd. Note, 144A, 6.375%, 3/15/2029 | &nbsp;&nbsp; 643801 |
| &nbsp;&nbsp; 625000 | WESCO Distribution, Inc., Sr. Unsecd. Note, 144A, 6.375%, 3/15/2033 | &nbsp;&nbsp; 646433 |
| &nbsp;&nbsp; 250000 | WESCO Distribution, Inc., Sr. Unsecd. Note, 144A, 6.625%, 3/15/2032 | &nbsp;&nbsp; 260105 |
| &nbsp;&nbsp; 1500000 | WESCO Distribution, Inc., Sr. Unsecd. Note, 144A, 7.250%, 6/15/2028 | &nbsp;&nbsp; 1519651 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 8990375 |

---

**3**

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br> **or Shares**<br>|  | **Value** |
|  | CORPORATE BONDS—continued |  |
|  | **Finance Companies—2.4%** |  |
| $1950000 | Boost Newco Borrower LLC, 144A, 7.500%, 1/15/2031 | &nbsp;&nbsp; $2071339 |
| &nbsp;&nbsp; 750000 | Navient Corp., Sr. Unsecd. Note, 5.000%, 3/15/2027 | &nbsp;&nbsp; 747489 |
| &nbsp;&nbsp; 500000 | Navient Corp., Sr. Unsecd. Note, 6.750%, 6/15/2026 | &nbsp;&nbsp; 506356 |
| &nbsp;&nbsp; 75000 | Rocket Cos., Inc., Sr. Unsecd. Note, 144A, 6.125%, 8/1/2030 | &nbsp;&nbsp; 76474 |
| &nbsp;&nbsp; 400000 | Rocket Cos., Inc., Sr. Unsecd. Note, 144A, 6.375%, 8/1/2033 | &nbsp;&nbsp; 409780 |
| &nbsp;&nbsp; 1800000 | Rocket Mortgage Co-Issuer, Inc., Sr. Unsecd. Note, 144A, 2.875%, 10/15/2026 | &nbsp;&nbsp; 1756691 |
| &nbsp;&nbsp; 825000 | Rocket Mortgage Co-Issuer, Inc., Sr. Unsecd. Note, 144A, 3.625%, 3/1/2029 | &nbsp;&nbsp; 784583 |
| &nbsp;&nbsp; 1725000 | Rocket Mortgage Co-Issuer, Inc., Sr. Unsecd. Note, 144A, 3.875%, 3/1/2031 | &nbsp;&nbsp; 1600427 |
| &nbsp;&nbsp; 450000 | Rocket Mortgage Co-Issuer, Inc., Sr. Unsecd. Note, 144A, 4.000%, 10/15/2033 | &nbsp;&nbsp; 402911 |
| &nbsp;&nbsp; 750000 | United Wholesale Mortgage, LLC, Sr. Unsecd. Note, 144A, 5.500%, 11/15/2025 | &nbsp;&nbsp; 750396 |
| &nbsp;&nbsp; 1100000 | United Wholesale Mortgage, LLC, Sr. Unsecd. Note, 144A, 5.500%, 4/15/2029 | &nbsp;&nbsp; 1068716 |
| &nbsp;&nbsp; 700000 | United Wholesale Mortgage, LLC, Sr. Unsecd. Note, 144A, 5.750%, 6/15/2027 | &nbsp;&nbsp; 698765 |
| &nbsp;&nbsp; 675000 | UWM Holdings LLC, Sr. Unsecd. Note, 144A, 6.625%, 2/1/2030 | &nbsp;&nbsp; 676336 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp; 11550263 |
|  | **Food & Beverage—1.9%** |  |
| &nbsp;&nbsp; 1225000 | Aramark Services, Inc., Sr. Unsecd. Note, 144A, 5.000%, 2/1/2028 | &nbsp;&nbsp; 1221246 |
| &nbsp;&nbsp; 2250000 | Bellring Brands, Inc., Sr. Unsecd. Note, 144A, 7.000%, 3/15/2030 | &nbsp;&nbsp; 2345353 |
| &nbsp;&nbsp; 600000 | Performance Food Group, Inc., Sr. Unsecd. Note, 144A, 6.125%, 9/15/2032 | &nbsp;&nbsp; 614510 |
| &nbsp;&nbsp; 1275000 | Post Holdings, Inc., 144A, 6.375%, 3/1/2033 | &nbsp;&nbsp; 1289812 |
| &nbsp;&nbsp; 375000 | Post Holdings, Inc., Sec. Fac. Bond, 144A, 6.250%, 2/15/2032 | &nbsp;&nbsp; 385850 |
| &nbsp;&nbsp; 325000 | Post Holdings, Inc., Sr. Unsecd. Note, 144A, 6.250%, 10/15/2034 | &nbsp;&nbsp; 327658 |
| &nbsp;&nbsp; 400000 | US Foods, Inc., Sr. Unsecd. Note, 144A, 4.625%, 6/1/2030 | &nbsp;&nbsp; 389881 |
| &nbsp;&nbsp; 1250000 | US Foods, Inc., Sr. Unsecd. Note, 144A, 4.750%, 2/15/2029 | &nbsp;&nbsp; 1229258 |
| &nbsp;&nbsp; 650000 | US Foods, Inc., Sr. Unsecd. Note, 144A, 5.750%, 4/15/2033 | &nbsp;&nbsp; 650943 |
| &nbsp;&nbsp; 975000 | US Foods, Inc., Sr. Unsecd. Note, 144A, 6.875%, 9/15/2028 | &nbsp;&nbsp; 1009342 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 9463853 |
|  | **Gaming—3.4%** |  |
| &nbsp;&nbsp; 1600000 | Boyd Gaming Corp., Sr. Unsecd. Note, 4.750%, 12/1/2027 | &nbsp;&nbsp; 1591132 |
| &nbsp;&nbsp; 475000 | Boyd Gaming Corp., Sr. Unsecd. Note, 144A, 4.750%, 6/15/2031 | &nbsp;&nbsp; 455559 |
| &nbsp;&nbsp; 1650000 | Caesars Entertainment, Inc., 144A, 6.000%, 10/15/2032 | &nbsp;&nbsp; 1619206 |
| &nbsp;&nbsp; 375000 | Caesars Entertainment, Inc., Sec. Fac. Bond, 144A, 7.000%, 2/15/2030 | &nbsp;&nbsp; 388578 |
| &nbsp;&nbsp; 550000 | Caesars Entertainment, Inc., Sr. Secd. Note, 144A, 6.500%, 2/15/2032 | &nbsp;&nbsp; 564707 |
| &nbsp;&nbsp; 750000 | Caesars Entertainment, Inc., Sr. Unsecd. Note, 144A, 4.625%, 10/15/2029 | &nbsp;&nbsp; 716385 |
| &nbsp;&nbsp; 669000 | Caesars Entertainment, Inc., Sr. Unsecd. Note, 144A, 8.125%, 7/1/2027 | &nbsp;&nbsp; 669619 |
| &nbsp;&nbsp; 1500000 | Light & Wonder International, Inc., Sr. Unsecd. Note, 144A, 7.250%, 11/15/2029 | &nbsp;&nbsp; 1546321 |
| &nbsp;&nbsp; 500000 | Light & Wonder International, Inc., Sr. Unsecd. Note, 144A, 7.500%, 9/1/2031 | &nbsp;&nbsp; 523518 |
| &nbsp;&nbsp; 1450000 | MGM Resorts International, Sr. Unsecd. Note, 4.750%, 10/15/2028 | &nbsp;&nbsp; 1433513 |
| &nbsp;&nbsp; 450000 | MGM Resorts International, Sr. Unsecd. Note, 6.125%, 9/15/2029 | &nbsp;&nbsp; 457999 |
| &nbsp;&nbsp; 625000 | MGM Resorts International, Sr. Unsecd. Note, 6.500%, 4/15/2032 | &nbsp;&nbsp; 635587 |
| &nbsp;&nbsp; 625000 | PENN Entertaintment, Inc., Sr. Unsecd. Note, 144A, 4.125%, 7/1/2029 | &nbsp;&nbsp; 579521 |
| &nbsp;&nbsp; 650000 | Station Casinos, LLC, 144A, 6.625%, 3/15/2032 | &nbsp;&nbsp; 665039 |
| &nbsp;&nbsp; 1425000 | Station Casinos, LLC, Sr. Unsecd. Note, 144A, 4.500%, 2/15/2028 | &nbsp;&nbsp; 1398251 |
| &nbsp;&nbsp; 725000 | Station Casinos, LLC, Sr. Unsecd. Note, 144A, 4.625%, 12/1/2031 | &nbsp;&nbsp; 679585 |
| &nbsp;&nbsp; 650000 | VICI Properties LP/ VICI Note Co., Inc., Sr. Unsecd. Note, 144A, 4.250%, 12/1/2026 | &nbsp;&nbsp; 646264 |
| &nbsp;&nbsp; 500000 | VICI Properties LP/ VICI Note Co., Inc., Sr. Unsecd. Note, 144A, 4.625%, 12/1/2029 | &nbsp;&nbsp; 491428 |
| &nbsp;&nbsp; 1125000 | Wynn Resorts Finance LLC/Wynn Resorts Capital Corp., 144A, 7.125%, 2/15/2031 | &nbsp;&nbsp; 1200472 |
| &nbsp;&nbsp; 375000 | Wynn Resorts Finance LLC/Wynn Resorts Capital Corp., Sr. Unsecd. Note, 144A, 6.250%, 3/15/2033 | &nbsp;&nbsp; 377639 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp; 16640323 |
|  | **Health Care—5.5%** |  |
| &nbsp;&nbsp; 2150000 | AHP Health Partners, Inc., Sr. Unsecd. Note, 144A, 5.750%, 7/15/2029 | &nbsp;&nbsp; 2098380 |

---

**4**

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br> **or Shares**<br>|  | **Value** |
|  | CORPORATE BONDS—continued |  |
|  | **Health Care—continued** |  |
| $1025000 | Avantor Funding, Inc., Sr. Unsecd. Note, 144A, 3.875%, 11/1/2029 | &nbsp;&nbsp; $971276 |
| &nbsp;&nbsp; 1975000 | Avantor Funding, Inc., Sr. Unsecd. Note, 144A, 4.625%, 7/15/2028 | &nbsp;&nbsp; 1940791 |
| &nbsp;&nbsp; 525000 | CHS/Community Health Systems, Inc., 144A, 6.125%, 4/1/2030 | &nbsp;&nbsp; 388703 |
| &nbsp;&nbsp; 375000 | CHS/Community Health Systems, Inc., 144A, 6.875%, 4/15/2029 | &nbsp;&nbsp; 299317 |
| &nbsp;&nbsp; 700000 | CHS/Community Health Systems, Inc., Sec. Fac. Bond, 144A, 5.625%, 3/15/2027 | &nbsp;&nbsp; 689924 |
| &nbsp;&nbsp; 675000 | CHS/Community Health Systems, Inc., Sec. Fac. Bond, 144A, 6.000%, 1/15/2029 | &nbsp;&nbsp; 649808 |
| &nbsp;&nbsp; 525000 | CHS/Community Health Systems, Inc., Sr. Note, 144A, 5.250%, 5/15/2030 | &nbsp;&nbsp; 466041 |
| &nbsp;&nbsp; 275000 | Concentra Escrow Issuer Corp., Sr. Unsecd. Note, 144A, 6.875%, 7/15/2032 | &nbsp;&nbsp; 285069 |
| &nbsp;&nbsp; 175000 | Insulet Corp., Sr. Unsecd. Note, 144A, 6.500%, 4/1/2033 | &nbsp;&nbsp; 182576 |
| &nbsp;&nbsp; 550000 | Iqvia, Inc., Sr. Unsecd. Note, 144A, 5.000%, 10/15/2026 | &nbsp;&nbsp; 549802 |
| &nbsp;&nbsp; 600000 | Iqvia, Inc., Sr. Unsecd. Note, 144A, 5.000%, 5/15/2027 | &nbsp;&nbsp; 598364 |
| &nbsp;&nbsp; 650000 | Iqvia, Inc., Sr. Unsecd. Note, 144A, 6.250%, 6/1/2032 | &nbsp;&nbsp; 667854 |
| &nbsp;&nbsp; 1175000 | Iqvia, Inc., Sr. Unsecd. Note, 144A, 6.500%, 5/15/2030 | &nbsp;&nbsp; 1212221 |
| &nbsp;&nbsp; 1275000 | Medline Borrower LP, Sec. Fac. Bond, 144A, 3.875%, 4/1/2029 | &nbsp;&nbsp; 1223919 |
| &nbsp;&nbsp; 6350000 | Medline Borrower LP, Sr. Unsecd. Note, 144A, 5.250%, 10/1/2029 | &nbsp;&nbsp; 6305136 |
| &nbsp;&nbsp; 450000 | Medline Borrower LP/Medline Co-Issuer, Inc., 144A, 6.250%, 4/1/2029 | &nbsp;&nbsp; 462840 |
| &nbsp;&nbsp; 250000 | Neogen Food Safety Corp., Sr. Unsecd. Note, 144A, 8.625%, 7/20/2030 | &nbsp;&nbsp; 258795 |
| &nbsp;&nbsp; 1675000 | Raven Acquisition Holdings LLC, Sr. Secd. Note, 144A, 6.875%, 11/15/2031 | &nbsp;&nbsp; 1679258 |
| &nbsp;&nbsp; 1650000 | Select Medical Corp., 144A, 6.250%, 12/1/2032 | &nbsp;&nbsp; 1660941 |
| &nbsp;&nbsp; 750000 | Tenet Healthcare Corp., 4.250%, 6/1/2029 | &nbsp;&nbsp; 727933 |
| &nbsp;&nbsp; 400000 | Tenet Healthcare Corp., 5.125%, 11/1/2027 | &nbsp;&nbsp; 399620 |
| &nbsp;&nbsp; 750000 | Tenet Healthcare Corp., 144A, 6.250%, 2/1/2027 | &nbsp;&nbsp; 750440 |
| &nbsp;&nbsp; 850000 | Tenet Healthcare Corp., Sec. Fac. Bond, 144A, 6.750%, 5/15/2031 | &nbsp;&nbsp; 879945 |
| &nbsp;&nbsp; 1075000 | Tenet Healthcare Corp., Sr. Unsecd. Note, 6.125%, 10/1/2028 | &nbsp;&nbsp; 1077178 |
| &nbsp;&nbsp; 600000 | Tenet Healthcare Corp., Term Loan - 1st Lien, 4.625%, 6/15/2028 | &nbsp;&nbsp; 592918 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp; 27019049 |
|  | **Health Insurance—0.4%** |  |
| &nbsp;&nbsp; 1600000 | Centene Corp., Sr. Unsecd. Note, Series WI, 4.625%, 12/15/2029 | &nbsp;&nbsp; 1557276 |
| &nbsp;&nbsp; 350000 | Molina Healthcare, Inc., Sr. Secd. Note, 144A, 6.250%, 1/15/2033 | &nbsp;&nbsp; 356483 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 1913759 |
|  | **Independent Energy—2.5%** |  |
| &nbsp;&nbsp; 1200000 | Aethon United BR LP/Aethon United Finance Corp., 144A, 7.500%, 10/1/2029 | &nbsp;&nbsp; 1259615 |
| &nbsp;&nbsp; 499000 | Antero Resources Corp., Sr. Unsecd. Note, 144A, 7.625%, 2/1/2029 | &nbsp;&nbsp; 512646 |
| &nbsp;&nbsp; 800000 | Ascent Resources Utica Holdings LLC/ARU Finance Corp., Sr. Unsecd. Note, 144A, 5.875%, 6/30/2029 | &nbsp;&nbsp; 801860 |
| &nbsp;&nbsp; 650000 | Ascent Resources Utica Holdings LLC/ARU Finance Corp., Sr. Unsecd. Note, 144A, 6.625%, 10/15/2032 | &nbsp;&nbsp; 661978 |
| &nbsp;&nbsp; 375000 | Ascent Resources Utica Holdings LLC/ARU Finance Corp., Sr. Unsecd. Note, 144A, 6.625%, 7/15/2033 | &nbsp;&nbsp; 380684 |
| &nbsp;&nbsp; 225000 | Ascent Resources Utica Holdings LLC/ARU Finance Corp., Sr. Unsecd. Note, 144A, 9.000%, 11/1/2027 | &nbsp;&nbsp; 276116 |
| &nbsp;&nbsp; 450000 | Civitas Resources, Inc., Sr. Secd. Note, 144A, 9.625%, 6/15/2033 | &nbsp;&nbsp; 461664 |
| &nbsp;&nbsp; 900000 | Civitas Resources, Inc., Sr. Unsecd. Note, 144A, 8.625%, 11/1/2030 | &nbsp;&nbsp; 914448 |
| &nbsp;&nbsp; 1000000 | Civitas Resources, Inc., Sr. Unsecd. Note, 144A, 8.750%, 7/1/2031 | &nbsp;&nbsp; 1012359 |
| &nbsp;&nbsp; 500000 | Civitas Resources, Inc., Unsecd. Note, 144A, 8.375%, 7/1/2028 | &nbsp;&nbsp; 512580 |
| &nbsp;&nbsp; 1100000 | CNX Resources Corp., Sr. Unsecd. Note, 144A, 7.250%, 3/1/2032 | &nbsp;&nbsp; 1139729 |
| &nbsp;&nbsp; 425000 | Expand Energy Corp., Sr. Unsecd. Note, 4.750%, 2/1/2032 | &nbsp;&nbsp; 413549 |
| &nbsp;&nbsp; 225000 | Expand Energy Corp., Sr. Unsecd. Note, 5.375%, 3/15/2030 | &nbsp;&nbsp; 225791 |
| &nbsp;&nbsp; 625000<br><sup>1,2</sup> <br>| Expand Energy Corp., Sr. Unsecd. Note, 7.000%, 10/1/2099 | &nbsp;&nbsp; 2500 |
| &nbsp;&nbsp; 175000 | Expand Energy Corp., Sr. Unsecd. Note, 144A, 5.875%, 2/1/2029 | &nbsp;&nbsp; 175818 |
| &nbsp;&nbsp; 1300000 | Range Resources Corp., Sr. Unsecd. Note, 8.250%, 1/15/2029 | &nbsp;&nbsp; 1339313 |
| &nbsp;&nbsp; 375000 | Range Resources Corp., Sr. Unsecd. Note, 144A, 4.750%, 2/15/2030 | &nbsp;&nbsp; 365062 |
| &nbsp;&nbsp; 1275000 | Rockcliff Energy II LLC, Sr. Unsecd. Note, 144A, 5.500%, 10/15/2029 | &nbsp;&nbsp; 1236463 |

---

**5**

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br> **or Shares**<br>|  | **Value** |
|  | CORPORATE BONDS—continued |  |
|  | **Independent Energy—continued** |  |
| $675000 | SM Energy Co., Sr. Unsecd. Note, 144A, 7.000%, 8/1/2032 | &nbsp;&nbsp; $665839 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp; 12358014 |
|  | **Industrial - Other—1.4%** |  |
| &nbsp;&nbsp; 275000 | Hillenbrand, Inc., Sr. Unsecd. Note, 6.250%, 2/15/2029 | &nbsp;&nbsp; 280587 |
| &nbsp;&nbsp; 200000 | Madison Iaq LLC, Sec. Fac. Bond, 144A, 4.125%, 6/30/2028 | &nbsp;&nbsp; 194440 |
| &nbsp;&nbsp; 3975000 | Madison Iaq LLC, Sr. Unsecd. Note, 144A, 5.875%, 6/30/2029 | &nbsp;&nbsp; 3912986 |
| &nbsp;&nbsp; 2300000 | SPX Flow, Inc., Sr. Unsecd. Note, 144A, 8.750%, 4/1/2030 | &nbsp;&nbsp; 2388336 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 6776349 |
|  | **Insurance - P&C—10.4%** |  |
| &nbsp;&nbsp; 1500000 | Acrisure LLC, Sec. Fac. Bond, 144A, 7.500%, 11/6/2030 | &nbsp;&nbsp; 1550527 |
| &nbsp;&nbsp; 200000 | Acrisure LLC, Sr. Secd. Note, 144A, 6.750%, 7/1/2032 | &nbsp;&nbsp; 203010 |
| &nbsp;&nbsp; 525000 | Acrisure LLC, Sr. Unsecd. Note, 144A, 6.000%, 8/1/2029 | &nbsp;&nbsp; 510861 |
| &nbsp;&nbsp; 950000 | Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer, 144A, 5.875%, 11/1/2029 | &nbsp;&nbsp; 937165 |
| &nbsp;&nbsp; 1000000 | Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer, 144A, 7.375%, 10/1/2032 | &nbsp;&nbsp; 1032064 |
| &nbsp;&nbsp; 2000000 | Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer, Sec. Fac. Bond, 144A, 7.000%, 1/15/2031 | &nbsp;&nbsp; 2070330 |
| &nbsp;&nbsp; 900000 | AmWINS Group, Inc., Sec. Fac. Bond, 144A, 6.375%, 2/15/2029 | &nbsp;&nbsp; 917875 |
| &nbsp;&nbsp; 3575000 | AmWINS Group, Inc., Sr. Unsecd. Note, 144A, 4.875%, 6/30/2029 | &nbsp;&nbsp; 3476471 |
| &nbsp;&nbsp; 800000 | Ardonagh Finco Ltd., Sec. Fac. Bond, 144A, 7.750%, 2/15/2031 | &nbsp;&nbsp; 836991 |
| &nbsp;&nbsp; 5850000 | Ardonagh Group Finance Ltd., Sr. Unsecd. Note, 144A, 8.875%, 2/15/2032 | &nbsp;&nbsp; 6160647 |
| &nbsp;&nbsp; 650000 | AssuredPartners, Inc., Sr. Unsecd. Note, 144A, 5.625%, 1/15/2029 | &nbsp;&nbsp; 648683 |
| &nbsp;&nbsp; 1700000 | AssuredPartners, Inc., Sr. Unsecd. Note, 144A, 7.500%, 2/15/2032 | &nbsp;&nbsp; 1828908 |
| &nbsp;&nbsp; 2650000 | Baldwin Insurance Group Holdings LLC/Baldwin Insurance Group Holdings Finance, 144A, 7.125%, 5/15/2031 | &nbsp;&nbsp; 2756784 |
| &nbsp;&nbsp; 5900000 | Broadstreet Partners, Inc., Sr. Unsecd. Note, 144A, 5.875%, 4/15/2029 | &nbsp;&nbsp; 5834418 |
| &nbsp;&nbsp; 2075000 | Hub International Ltd., Sec. Fac. Bond, 144A, 7.250%, 6/15/2030 | &nbsp;&nbsp; 2169973 |
| &nbsp;&nbsp; 2075000 | Hub International Ltd., Sr. Unsecd. Note, 144A, 5.625%, 12/1/2029 | &nbsp;&nbsp; 2076930 |
| &nbsp;&nbsp; 3350000 | Hub International Ltd., Sr. Unsecd. Note, 144A, 7.375%, 1/31/2032 | &nbsp;&nbsp; 3507294 |
| &nbsp;&nbsp; 2200000 | Jones Deslauriers Insurance Management, Inc., Sec. Fac. Bond, 144A, 8.500%, 3/15/2030 | &nbsp;&nbsp; 2333448 |
| &nbsp;&nbsp; 2725000 | Jones Deslauriers Insurance Management, Inc., Sr. Unsecd. Note, 144A, 10.500%, 12/15/2030 | &nbsp;&nbsp; 2906561 |
| &nbsp;&nbsp; 3125000 | Panther Escrow Issuer, Sec. Fac. Bond, 144A, 7.125%, 6/1/2031 | &nbsp;&nbsp; 3248144 |
| &nbsp;&nbsp; 1425000 | Ryan Specialty LLC, Sec. Fac. Bond, 144A, 5.875%, 8/1/2032 | &nbsp;&nbsp; 1437121 |
| &nbsp;&nbsp; 3900000 | USI, Inc./NY, Sr. Unsecd. Note, 144A, 7.500%, 1/15/2032 | &nbsp;&nbsp; 4119995 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp; 50564200 |
|  | **Lodging—1.5%** |  |
| &nbsp;&nbsp; 800000 | Hilton Domestic Operating Co., Inc., Sr. Unsecd. Note, 144A, 3.625%, 2/15/2032 | &nbsp;&nbsp; 725186 |
| &nbsp;&nbsp; 300000 | Hilton Domestic Operating Co., Inc., Sr. Unsecd. Note, 144A, 3.750%, 5/1/2029 | &nbsp;&nbsp; 287773 |
| &nbsp;&nbsp; 325000 | Hilton Domestic Operating Co., Inc., Sr. Unsecd. Note, 144A, 5.750%, 5/1/2028 | &nbsp;&nbsp; 325937 |
| &nbsp;&nbsp; 1350000 | Hilton Domestic Operating Co., Inc., Sr. Unsecd. Note, 144A, 5.875%, 3/15/2033 | &nbsp;&nbsp; 1376363 |
| &nbsp;&nbsp; 400000 | Hilton Domestic Operating Co., Inc., Sr. Unsecd. Note, Series WI, 4.875%, 1/15/2030 | &nbsp;&nbsp; 398459 |
| &nbsp;&nbsp; 675000 | RHP Hotel Property/RHP Finance Corp., Sr. Unsecd. Note, 144A, 6.500%, 4/1/2032 | &nbsp;&nbsp; 694658 |
| &nbsp;&nbsp; 150000 | RHP Hotel Property/RHP Finance Corp., Sr. Unsecd. Note, 144A, 6.500%, 6/15/2033 | &nbsp;&nbsp; 154406 |
| &nbsp;&nbsp; 1100000 | RHP Hotel Property/RHP Finance Corp., Sr. Unsecd. Note, 144A, 7.250%, 7/15/2028 | &nbsp;&nbsp; 1139371 |
| &nbsp;&nbsp; 1000000 | Wyndham Hotels & Resorts, Inc., Sr. Unsecd. Note, 144A, 4.375%, 8/15/2028 | &nbsp;&nbsp; 978889 |
| &nbsp;&nbsp; 1400000 | XHR LP, Sr. Unsecd. Note, 144A, 6.625%, 5/15/2030 | &nbsp;&nbsp; 1428164 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 7509206 |
|  | **Media Entertainment—2.7%** |  |
| &nbsp;&nbsp; 500000 | Gray Escrow II, Inc., Sr. Unsecd. Note, 144A, 5.375%, 11/15/2031 | &nbsp;&nbsp; 375348 |
| &nbsp;&nbsp; 1475000 | Lamar Media Corp., Sr. Unsecd. Note, 4.875%, 1/15/2029 | &nbsp;&nbsp; 1459266 |
| &nbsp;&nbsp; 350000 | Lamar Media Corp., Sr. Unsecd. Note, Series WI, 3.625%, 1/15/2031 | &nbsp;&nbsp; 323680 |
| &nbsp;&nbsp; 550000 | Nexstar Broadcasting, Inc., Sr. Unsecd. Note, 144A, 4.750%, 11/1/2028 | &nbsp;&nbsp; 536110 |
| &nbsp;&nbsp; 650000 | Nexstar Broadcasting, Inc., Sr. Unsecd. Note, 144A, 5.625%, 7/15/2027 | &nbsp;&nbsp; 648899 |

---

**6**

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br> **or Shares**<br>|  | **Value** |
|  | CORPORATE BONDS—continued |  |
|  | **Media Entertainment—continued** |  |
| $950000 | Outfront Media Capital LLC/Outfront Media Capital Corp., 144A, 7.375%, 2/15/2031 | &nbsp;&nbsp; $1006500 |
| &nbsp;&nbsp; 2700000 | Outfront Media Capital LLC/Outfront Media Capital Corp., Sr. Unsecd. Note, 144A, 4.250%, 1/15/2029 | &nbsp;&nbsp; 2584706 |
| &nbsp;&nbsp; 300000 | Outfront Media Capital LLC/Outfront Media Capital Corp., Sr. Unsecd. Note, 144A, 4.625%, 3/15/2030 | &nbsp;&nbsp; 286747 |
| &nbsp;&nbsp; 150000 | Sinclair Television Group, Inc., 144A, 4.375%, 12/31/2032 | &nbsp;&nbsp; 105516 |
| &nbsp;&nbsp; 300000 | Sinclair Television Group, Inc., Sr. Unsecd. Note, 144A, 5.500%, 3/1/2030 | &nbsp;&nbsp; 243375 |
| &nbsp;&nbsp; 1525000 | Stagwell Global LLC, Sr. Unsecd. Note, 144A, 5.625%, 8/15/2029 | &nbsp;&nbsp; 1460286 |
| &nbsp;&nbsp; 1950000 | Univision Communications, Inc., Sec. Fac. Bond, 144A, 4.500%, 5/1/2029 | &nbsp;&nbsp; 1774845 |
| &nbsp;&nbsp; 825000 | Univision Communications, Inc., Sec. Fac. Bond, 144A, 7.375%, 6/30/2030 | &nbsp;&nbsp; 811392 |
| &nbsp;&nbsp; 500000 | Univision Communications, Inc., Sec. Fac. Bond, 144A, 8.000%, 8/15/2028 | &nbsp;&nbsp; 507804 |
| &nbsp;&nbsp; 475000 | Univision Communications, Inc., Term Loan - 1st Lien, 144A, 6.625%, 6/1/2027 | &nbsp;&nbsp; 474141 |
| &nbsp;&nbsp; 400000 | WMG Acquisition Corp., Sec. Fac. Bond, 144A, 3.750%, 12/1/2029 | &nbsp;&nbsp; 375268 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp; 12973883 |
|  | **Metals & Mining—0.5%** |  |
| &nbsp;&nbsp; 1025000 | Cleveland-Cliffs, Inc., Sr. Unsecd. Note, 144A, 4.625%, 3/1/2029 | &nbsp;&nbsp; 942248 |
| &nbsp;&nbsp; 700000 | Cleveland-Cliffs, Inc., Sr. Unsecd. Note, 144A, 7.000%, 3/15/2032 | &nbsp;&nbsp; 660738 |
| &nbsp;&nbsp; 475000 | Cleveland-Cliffs, Inc., Sr. Unsecd. Note, 144A, 7.375%, 5/1/2033 | &nbsp;&nbsp; 446330 |
| &nbsp;&nbsp; 275000 | Cleveland-Cliffs, Inc., Sr. Unsecd. Note, 144A, 7.500%, 9/15/2031 | &nbsp;&nbsp; 265457 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 2314773 |
|  | **Midstream—3.8%** |  |
| &nbsp;&nbsp; 1125000 | Antero Midstream Partners LP, Sr. Unsecd. Note, 144A, 5.375%, 6/15/2029 | &nbsp;&nbsp; 1117306 |
| &nbsp;&nbsp; 1175000 | Antero Midstream Partners LP, Sr. Unsecd. Note, 144A, 5.750%, 3/1/2027 | &nbsp;&nbsp; 1174298 |
| &nbsp;&nbsp; 2475000 | Antero Midstream Partners LP, Sr. Unsecd. Note, 144A, 5.750%, 1/15/2028 | &nbsp;&nbsp; 2472366 |
| &nbsp;&nbsp; 450000 | Antero Midstream Partners LP, Sr. Unsecd. Note, 144A, 6.625%, 2/1/2032 | &nbsp;&nbsp; 465102 |
| &nbsp;&nbsp; 1150000 | Blue Racer Midstream LLC/Blue Racer Finance Corp., Sr. Unsecd. Note, 144A, 7.000%, 7/15/2029 | &nbsp;&nbsp; 1200927 |
| &nbsp;&nbsp; 750000 | Blue Racer Midstream LLC/Blue Racer Finance Corp., Sr. Unsecd. Note, 144A, 7.250%, 7/15/2032 | &nbsp;&nbsp; 795219 |
| &nbsp;&nbsp; 2975000 | CNX Midstream Partners LP, Sr. Unsecd. Note, 144A, 4.750%, 4/15/2030 | &nbsp;&nbsp; 2817856 |
| &nbsp;&nbsp; 2725000 | DT Midstream, Inc., Sr. Unsecd. Note, 144A, 4.375%, 6/15/2031 | &nbsp;&nbsp; 2611216 |
| &nbsp;&nbsp; 400000 | Hess Midstream Operations LP, Sr. Unsecd. Note, 144A, 4.250%, 2/15/2030 | &nbsp;&nbsp; 384909 |
| &nbsp;&nbsp; 1550000 | Hess Midstream Operations LP, Sr. Unsecd. Note, 144A, 5.125%, 6/15/2028 | &nbsp;&nbsp; 1540219 |
| &nbsp;&nbsp; 175000 | Hess Midstream Operations LP, Sr. Unsecd. Note, 144A, 5.500%, 10/15/2030 | &nbsp;&nbsp; 175895 |
| &nbsp;&nbsp; 250000 | Hess Midstream Operations LP, Sr. Unsecd. Note, 144A, 5.875%, 3/1/2028 | &nbsp;&nbsp; 253883 |
| &nbsp;&nbsp; 275000 | Hess Midstream Operations LP, Sr. Unsecd. Note, 144A, 6.500%, 6/1/2029 | &nbsp;&nbsp; 282997 |
| &nbsp;&nbsp; 1250000 | Northriver Midstream Fin, 144A, 6.750%, 7/15/2032 | &nbsp;&nbsp; 1295466 |
| &nbsp;&nbsp; 1000000 | Rockies Express Pipeline, Sr. Unsecd. Note, 144A, 6.750%, 3/15/2033 | &nbsp;&nbsp; 1044919 |
| &nbsp;&nbsp; 800000 | Targa Resources Partners LP / Targa Resources Partners Finance Corp., Sr. Unsecd. Note, 144A, 5.500%, 3/1/2030 | &nbsp;&nbsp; 812085 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp; 18444663 |
|  | **Oil Field Services—0.2%** |  |
| &nbsp;&nbsp; 1000000 | Nabors Industries, Inc., Sec. Fac. Bond, 144A, 9.125%, 1/31/2030 | &nbsp;&nbsp; 958293 |
|  | **Packaging—4.1%** |  |
| &nbsp;&nbsp; 628295 | ARD Finance S.A., Sec. Fac. Bond, 144A, 7.250% PIK, 6/30/2027 | &nbsp;&nbsp; 29844 |
| &nbsp;&nbsp; 2900000 | Ardagh Metal Packaging, Sr. Unsecd. Note, 144A, 4.000%, 9/1/2029 | &nbsp;&nbsp; 2650069 |
| &nbsp;&nbsp; 725000 | Ardagh Packaging Finance PLC/Ardagh Holdings, Sr. Unsecd. Note, 144A, 5.250%, 8/15/2027 | &nbsp;&nbsp; 323883 |
| &nbsp;&nbsp; 675000 | Ball Corp., Sr. Unsecd. Note, 2.875%, 8/15/2030 | &nbsp;&nbsp; 609046 |
| &nbsp;&nbsp; 750000 | Ball Corp., Sr. Unsecd. Note, 6.000%, 6/15/2029 | &nbsp;&nbsp; 769819 |
| &nbsp;&nbsp; 1200000 | Ball Corp., Sr. Unsecd. Note, 6.875%, 3/15/2028 | &nbsp;&nbsp; 1228762 |
| &nbsp;&nbsp; 1400000 | Clydesdale Acquisition Holdings, Inc., Sec. Fac. Bond, 144A, 6.750%, 4/15/2032 | &nbsp;&nbsp; 1437651 |
| &nbsp;&nbsp; 1000000 | Clydesdale Acquisition Holdings, Inc., Sec. Fac. Bond, 144A, 6.875%, 1/15/2030 | &nbsp;&nbsp; 1023528 |
| &nbsp;&nbsp; 2425000 | Clydesdale Acquisition Holdings, Inc., Sr. Unsecd. Note, 144A, 8.750%, 4/15/2030 | &nbsp;&nbsp; 2482021 |
| &nbsp;&nbsp; 600000 | Crown Americas LLC, Sr. Unsecd. Note, 144A, 5.875%, 6/1/2033 | &nbsp;&nbsp; 604476 |
| &nbsp;&nbsp; 500000 | Crown Americas LLC, Sr. Unsecd. Note, Series WI, 5.250%, 4/1/2030 | &nbsp;&nbsp; 508249 |

---

**7**

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br> **or Shares**<br>|  | **Value** |
|  | CORPORATE BONDS—continued |  |
|  | **Packaging—continued** |  |
| $1150000 | Mauser Packaging Solutions Holding Co., Sec. Fac. Bond, 144A, 7.875%, 4/15/2027 | &nbsp;&nbsp; $1170288 |
| &nbsp;&nbsp; 325000 | OI European Group B.V., Sr. Unsecd. Note, 144A, 4.750%, 2/15/2030 | &nbsp;&nbsp; 312856 |
| &nbsp;&nbsp; 525000 | Owens-Brockway Glass Container, Inc., Sr. Unsecd. Note, 144A, 7.250%, 5/15/2031 | &nbsp;&nbsp; 538683 |
| &nbsp;&nbsp; 575000 | Owens-Brockway Glass Container, Inc., Sr. Unsecd. Note, 144A, 7.375%, 6/1/2032 | &nbsp;&nbsp; 586547 |
| &nbsp;&nbsp; 850000 | Sealed Air Corp., 144A, 6.500%, 7/15/2032 | &nbsp;&nbsp; 881355 |
| &nbsp;&nbsp; 225000 | Sealed Air Corp., Sr. Unsecd. Note, 144A, 5.000%, 4/15/2029 | &nbsp;&nbsp; 222722 |
| &nbsp;&nbsp; 1325000 | Sealed Air Corp., Sr. Unsecd. Note, 144A, 6.125%, 2/1/2028 | &nbsp;&nbsp; 1345255 |
| &nbsp;&nbsp; 250000 | Sealed Air Corp., Sr. Unsecd. Note, 144A, 7.250%, 2/15/2031 | &nbsp;&nbsp; 263432 |
| &nbsp;&nbsp; 750000 | Trivium Packaging Finance B.V., Term Loan - 1st Lien, 144A, 8.250%, 7/15/2030 | &nbsp;&nbsp; 793689 |
| &nbsp;&nbsp; 2050000 | Trivium Packaging Finance B.V., Term Loan - 2nd Lien, 144A, 12.250%, 1/15/2031 | &nbsp;&nbsp; 2199043 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp; 19981218 |
|  | **Paper—0.6%** |  |
| &nbsp;&nbsp; 1750000 | Clearwater Paper Corp., Sr. Unsecd. Note, 144A, 4.750%, 8/15/2028 | &nbsp;&nbsp; 1663368 |
| &nbsp;&nbsp; 275000 | Graphic Packaging International, LLC, Sr. Unsecd. Note, 144A, 3.500%, 3/1/2029 | &nbsp;&nbsp; 259566 |
| &nbsp;&nbsp; 900000 | Graphic Packaging International, LLC, Sr. Unsecd. Note, 144A, 3.750%, 2/1/2030 | &nbsp;&nbsp; 844469 |
| &nbsp;&nbsp; 400000 | Graphic Packaging International, LLC, Sr. Unsecd. Note, 144A, 4.750%, 7/15/2027 | &nbsp;&nbsp; 394719 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 3162122 |
|  | **Pharmaceuticals—2.1%** |  |
| &nbsp;&nbsp; 3575000 | Bausch Health, Sec. Fac. Bond, 144A, 10.000%, 4/15/2032 | &nbsp;&nbsp; 3608927 |
| &nbsp;&nbsp; 2375000 | Grifols Escrow Issuer S.A., Sr. Unsecd. Note, 144A, 4.750%, 10/15/2028 | &nbsp;&nbsp; 2284636 |
| &nbsp;&nbsp; 1350000 | OPAL BIDCO SAS, Sec. Fac. Bond, 144A, 6.500%, 3/31/2032 | &nbsp;&nbsp; 1378705 |
| &nbsp;&nbsp; 1450000 | Organon & Co./Organon Foreign Debt Co-Issuer B.V., Sr. Unsecd. Note, 144A, 7.875%, 5/15/2034 | &nbsp;&nbsp; 1311232 |
| &nbsp;&nbsp; 350000 | Organon Finance 1 LLC, Sec. Fac. Bond, 144A, 4.125%, 4/30/2028 | &nbsp;&nbsp; 336839 |
| &nbsp;&nbsp; 1750000 | Organon Finance 1 LLC, Sr. Unsecd. Note, 144A, 5.125%, 4/30/2031 | &nbsp;&nbsp; 1520200 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp; 10440539 |
|  | **Restaurant—1.8%** |  |
| &nbsp;&nbsp; 375000 | 1011778 BC Unltd. Liability Co./New Red Finance, Inc., 144A, 3.500%, 2/15/2029 | &nbsp;&nbsp; 357484 |
| &nbsp;&nbsp; 4275000 | 1011778 BC Unltd. Liability Co./New Red Finance, Inc., 144A, 4.000%, 10/15/2030 | &nbsp;&nbsp; 3988227 |
| &nbsp;&nbsp; 1000000 | 1011778 BC Unltd. Liability Co./New Red Finance, Inc., 144A, 4.375%, 1/15/2028 | &nbsp;&nbsp; 981590 |
| &nbsp;&nbsp; 325000 | 1011778 BC Unltd. Liability Co./New Red Finance, Inc., 144A, 6.125%, 6/15/2029 | &nbsp;&nbsp; 333616 |
| &nbsp;&nbsp; 400000 | 1011778 BC Unltd. Liability Co./New Red Finance, Inc., Term Loan - 1st Lien, 144A, 5.625%, 9/15/2029 | &nbsp;&nbsp; 406149 |
| &nbsp;&nbsp; 600000 | KFC Holding Co./Pizza Hut Holdings LLC/Taco Bell of America LLC, Sr. Unsecd. Note, 144A, 4.750%, 6/1/2027 | &nbsp;&nbsp; 598913 |
| &nbsp;&nbsp; 1825000 | Yum! Brands, Inc., Sr. Unsecd. Note, 4.625%, 1/31/2032 | &nbsp;&nbsp; 1758976 |
| &nbsp;&nbsp; 250000 | Yum! Brands, Inc., Sr. Unsecd. Note, 5.375%, 4/1/2032 | &nbsp;&nbsp; 250453 |
| &nbsp;&nbsp; 350000 | Yum! Brands, Inc., Sr. Unsecd. Note, 144A, 4.750%, 1/15/2030 | &nbsp;&nbsp; 347083 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 9022491 |
|  | **Retailers—3.1%** |  |
| &nbsp;&nbsp; 1150000 | Academy Ltd., Sec. Fac. Bond, 144A, 6.000%, 11/15/2027 | &nbsp;&nbsp; 1153843 |
| &nbsp;&nbsp; 1550000 | Asbury Automotive Group, Inc., Sr. Unsecd. Note, 144A, 4.625%, 11/15/2029 | &nbsp;&nbsp; 1497692 |
| &nbsp;&nbsp; 375000 | Asbury Automotive Group, Inc., Sr. Unsecd. Note, 144A, 5.000%, 2/15/2032 | &nbsp;&nbsp; 357035 |
| &nbsp;&nbsp; 1325000 | BELRON UK Finance PLC, 144A, 5.750%, 10/15/2029 | &nbsp;&nbsp; 1337015 |
| &nbsp;&nbsp; 725000 | Gap (The), Inc., Sr. Unsecd. Note, 144A, 3.625%, 10/1/2029 | &nbsp;&nbsp; 674250 |
| &nbsp;&nbsp; 800000 | Gap (The), Inc., Sr. Unsecd. Note, 144A, 3.875%, 10/1/2031 | &nbsp;&nbsp; 719063 |
| &nbsp;&nbsp; 250000 | Group 1 Automotive, Inc., Sr. Unsecd. Note, 144A, 6.375%, 1/15/2030 | &nbsp;&nbsp; 257184 |
| &nbsp;&nbsp; 1250000 | Hanesbrands, Inc., Sr. Unsecd. Note, 144A, 9.000%, 2/15/2031 | &nbsp;&nbsp; 1324656 |
| &nbsp;&nbsp; 2200000 | Kontoor Brands, Inc., Sr. Unsecd. Note, 144A, 4.125%, 11/15/2029 | &nbsp;&nbsp; 2069621 |
| &nbsp;&nbsp; 1200000 | LCM Investments Holdings II, LLC, Sr. Unsecd. Note, 144A, 4.875%, 5/1/2029 | &nbsp;&nbsp; 1167931 |
| &nbsp;&nbsp; 1150000 | LCM Investments Holdings II, LLC, Sr. Unsecd. Note, 144A, 8.250%, 8/1/2031 | &nbsp;&nbsp; 1223621 |
| &nbsp;&nbsp; 1400000 | Sally Hldgs. LLC/Sally Capital, Inc., Sr. Unsecd. Note, 6.750%, 3/1/2032 | &nbsp;&nbsp; 1438469 |

---

**8**

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br> **or Shares**<br>|  | **Value** |
|  | CORPORATE BONDS—continued |  |
|  | **Retailers—continued** |  |
| $1750000 | William Carter Co., Sr. Unsecd. Note, 144A, 5.625%, 3/15/2027 | &nbsp;&nbsp; $1740574 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp; 14960954 |
|  | **Supermarkets—0.7%** |  |
| &nbsp;&nbsp; 825000 | Albertsons Cos. LLC/SAFEW, Sr. Unsecd. Note, 144A, 3.500%, 3/15/2029 | &nbsp;&nbsp; 782488 |
| &nbsp;&nbsp; 775000 | Albertsons Cos. LLC/SAFEW, Sr. Unsecd. Note, 144A, 5.875%, 2/15/2028 | &nbsp;&nbsp; 774846 |
| &nbsp;&nbsp; 1175000 | Albertsons Cos. LLC/SAFEW, Sr. Unsecd. Note, 144A, 6.250%, 3/15/2033 | &nbsp;&nbsp; 1212349 |
| &nbsp;&nbsp; 400000 | Albertsons Cos. LLC/SAFEW, Sr. Unsecd. Note, 144A, 6.500%, 2/15/2028 | &nbsp;&nbsp; 409919 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 3179602 |
|  | **Technology—13.9%** |  |
| &nbsp;&nbsp; 3750000 | AthenaHealth Group, Inc., Sr. Unsecd. Note, 144A, 6.500%, 2/15/2030 | &nbsp;&nbsp; 3694558 |
| &nbsp;&nbsp; 1450000 | Capstone Borrower, Inc., Sec. Fac. Bond, 144A, 8.000%, 6/15/2030 | &nbsp;&nbsp; 1514065 |
| &nbsp;&nbsp; 550000 | Capstone Borrower, Inc., Sec. Fac. Bond, 144A, 8.000%, 6/15/2030 | &nbsp;&nbsp; 572833 |
| &nbsp;&nbsp; 750000 | Ciena Corp., Sr. Unsecd. Note, 144A, 4.000%, 1/31/2030 | &nbsp;&nbsp; 711282 |
| &nbsp;&nbsp; 2825000 | Clarivate Science Holdings Corp., Sr. Unsecd. Note, 144A, 4.875%, 7/1/2029 | &nbsp;&nbsp; 2662808 |
| &nbsp;&nbsp; 1725000 | Cloud Software Group, Inc., Sec. Fac. Bond, 144A, 6.500%, 3/31/2029 | &nbsp;&nbsp; 1742178 |
| &nbsp;&nbsp; 675000 | Cloud Software Group, Inc., Sec. Fac. Bond, 144A, 8.250%, 6/30/2032 | &nbsp;&nbsp; 718982 |
| &nbsp;&nbsp; 3325000 | Cloud Software Group, Inc., Sec. Fac. Bond, 144A, 9.000%, 9/30/2029 | &nbsp;&nbsp; 3449539 |
| &nbsp;&nbsp; 1800000 | Coherent Corp., Sr. Unsecd. Note, 144A, 5.000%, 12/15/2029 | &nbsp;&nbsp; 1769710 |
| &nbsp;&nbsp; 1025000 | Consensus Cloud Solutions, Inc., Sr. Unsecd. Note, 144A, 6.000%, 10/15/2026 | &nbsp;&nbsp; 1020516 |
| &nbsp;&nbsp; 1725000 | Consensus Cloud Solutions, Inc., Sr. Unsecd. Note, 144A, 6.500%, 10/15/2028 | &nbsp;&nbsp; 1717688 |
| &nbsp;&nbsp; 2025000 | CoreWeave, Inc., Sr. Unsecd. Note, 144A, 9.250%, 6/1/2030 | &nbsp;&nbsp; 2071946 |
| &nbsp;&nbsp; 1575000 | Elastic N.V., Sr. Unsecd. Note, 144A, 4.125%, 7/15/2029 | &nbsp;&nbsp; 1506300 |
| &nbsp;&nbsp; 500000 | Ellucian Holdings, Inc., Sec. Fac. Bond, 144A, 6.500%, 12/1/2029 | &nbsp;&nbsp; 512597 |
| &nbsp;&nbsp; 1200000 | Entegris, Inc., Sec. Fac. Bond, 144A, 4.750%, 4/15/2029 | &nbsp;&nbsp; 1187797 |
| &nbsp;&nbsp; 700000 | Entegris, Inc., Sr. Unsecd. Note, 144A, 3.625%, 5/1/2029 | &nbsp;&nbsp; 664003 |
| &nbsp;&nbsp; 850000 | Entegris, Inc., Sr. Unsecd. Note, 144A, 5.950%, 6/15/2030 | &nbsp;&nbsp; 864334 |
| &nbsp;&nbsp; 500000 | Fair Isaac & Co., Inc., Sr. Unsecd. Note, 144A, 4.000%, 6/15/2028 | &nbsp;&nbsp; 487057 |
| &nbsp;&nbsp; 550000 | Fair Isaac & Co., Inc., Sr. Unsecd. Note, 144A, 6.000%, 5/15/2033 | &nbsp;&nbsp; 556416 |
| &nbsp;&nbsp; 1225000 | Fortress Intermediate 3, Inc., Sec. Fac. Bond, 144A, 7.500%, 6/1/2031 | &nbsp;&nbsp; 1284862 |
| &nbsp;&nbsp; 300000 | Gartner, Inc., Sr. Unsecd. Note, 144A, 3.750%, 10/1/2030 | &nbsp;&nbsp; 280921 |
| &nbsp;&nbsp; 175000 | Gartner, Inc., Sr. Unsecd. Note, 144A, 4.500%, 7/1/2028 | &nbsp;&nbsp; 173303 |
| &nbsp;&nbsp; 1850000 | Gen Digital, Inc., Sr. Unsecd. Note, 144A, 6.250%, 4/1/2033 | &nbsp;&nbsp; 1904283 |
| &nbsp;&nbsp; 3075000 | HealthEquity, Inc., Sr. Unsecd. Note, 144A, 4.500%, 10/1/2029 | &nbsp;&nbsp; 2993613 |
| &nbsp;&nbsp; 1250000 | Insight Enterprises, Inc., Sr. Unsecd. Note, 144A, 6.625%, 5/15/2032 | &nbsp;&nbsp; 1288689 |
| &nbsp;&nbsp; 1000000 | Iron Mountain, Inc., 144A, 6.250%, 1/15/2033 | &nbsp;&nbsp; 1028906 |
| &nbsp;&nbsp; 1825000 | Iron Mountain, Inc., Sr. Unsecd. Note, 144A, 7.000%, 2/15/2029 | &nbsp;&nbsp; 1890455 |
| &nbsp;&nbsp; 5300000 | McAfee Corp., Sr. Unsecd. Note, 144A, 7.375%, 2/15/2030 | &nbsp;&nbsp; 5010428 |
| &nbsp;&nbsp; 700000 | NCR Atleos Corp., 144A, 9.500%, 4/1/2029 | &nbsp;&nbsp; 767290 |
| &nbsp;&nbsp; 1050000 | NCR Voyix Corp., Sr. Unsecd. Note, 144A, 5.000%, 10/1/2028 | &nbsp;&nbsp; 1040217 |
| &nbsp;&nbsp; 607000 | NCR Voyix Corp., Sr. Unsecd. Note, 144A, 5.125%, 4/15/2029 | &nbsp;&nbsp; 598379 |
| &nbsp;&nbsp; 1200000 | Open Text, Inc., 144A, 6.900%, 12/1/2027 | &nbsp;&nbsp; 1243346 |
| &nbsp;&nbsp; 575000 | Open Text, Inc., Sr. Unsecd. Note, 144A, 3.875%, 2/15/2028 | &nbsp;&nbsp; 558159 |
| &nbsp;&nbsp; 250000 | Open Text, Inc., Sr. Unsecd. Note, 144A, 3.875%, 12/1/2029 | &nbsp;&nbsp; 235730 |
| &nbsp;&nbsp; 550000 | Open Text, Inc., Sr. Unsecd. Note, 144A, 4.125%, 12/1/2031 | &nbsp;&nbsp; 506886 |
| &nbsp;&nbsp; 575000 | Rocket Software, Inc., Sec. Fac. Bond, 144A, 9.000%, 11/28/2028 | &nbsp;&nbsp; 593222 |
| &nbsp;&nbsp; 2925000 | Rocket Software, Inc., Sr. Unsecd. Note, 144A, 6.500%, 2/15/2029 | &nbsp;&nbsp; 2840969 |
| &nbsp;&nbsp; 1450000 | Science Applications International Corp., Sr. Unsecd. Note, 144A, 4.875%, 4/1/2028 | &nbsp;&nbsp; 1428426 |
| &nbsp;&nbsp; 700000 | Seagate HDD Cayman, Sr. Unsecd. Note, 8.250%, 12/15/2029 | &nbsp;&nbsp; 747249 |
| &nbsp;&nbsp; 1999000 | Seagate HDD Cayman, Sr. Unsecd. Note, 9.625%, 12/1/2032 | &nbsp;&nbsp; 2255020 |
| &nbsp;&nbsp; 350000 | Sensata Technologies B.V., Sr. Unsecd. Note, 144A, 4.375%, 2/15/2030 | &nbsp;&nbsp; 334470 |

---

**9**

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br> **or Shares**<br>|  | **Value** |
|  | CORPORATE BONDS—continued |  |
|  | **Technology—continued** |  |
| $875000 | Sensata Technologies B.V., Sr. Unsecd. Note, 144A, 5.875%, 9/1/2030 | &nbsp;&nbsp; $876900 |
| &nbsp;&nbsp; 125000 | Sensata Technologies, Inc., Sr. Unsecd. Note, 144A, 3.750%, 2/15/2031 | &nbsp;&nbsp; 114061 |
| &nbsp;&nbsp; 450000 | Sensata Technologies, Inc., Sr. Unsecd. Note, 144A, 6.625%, 7/15/2032 | &nbsp;&nbsp; 463487 |
| &nbsp;&nbsp; 300000 | Shift4 Payments, Inc., Sr. Unsecd. Note, 144A, 6.750%, 8/15/2032 | &nbsp;&nbsp; 311758 |
| &nbsp;&nbsp; 2650000 | SS&C Technologies, Inc., Sr. Unsecd. Note, 144A, 5.500%, 9/30/2027 | &nbsp;&nbsp; 2654166 |
| &nbsp;&nbsp; 425000 | SS&C Technologies, Inc., Sr. Unsecd. Note, 144A, 6.500%, 6/1/2032 | &nbsp;&nbsp; 441586 |
| &nbsp;&nbsp; 950000 | Synaptics, Inc., Sr. Unsecd. Note, 144A, 4.000%, 6/15/2029 | &nbsp;&nbsp; 902840 |
| &nbsp;&nbsp; 1525000 | TTM Technologies, Inc., Sr. Unsecd. Note, 144A, 4.000%, 3/1/2029 | &nbsp;&nbsp; 1458437 |
| &nbsp;&nbsp; 2875000 | UKG, Inc., Sec. Fac. Bond, 144A, 6.875%, 2/1/2031 | &nbsp;&nbsp; 2984825 |
| &nbsp;&nbsp; 1025000 | Viavi Solutions, Inc., Sr. Unsecd. Note, 144A, 3.750%, 10/1/2029 | &nbsp;&nbsp; 958796 |
| &nbsp;&nbsp; 350000 | Zebra Technologies Corp., Sr. Unsecd. Note, 144A, 6.500%, 6/1/2032 | &nbsp;&nbsp; 360133 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp; 67956421 |
|  | **Transportation Services—0.2%** |  |
| &nbsp;&nbsp; 975000 | Watco Cos. LLC/Finance Co., Sr. Unsecd. Note, 144A, 7.125%, 8/1/2032 | &nbsp;&nbsp; 1019905 |
|  | **Utility - Electric—2.2%** |  |
| &nbsp;&nbsp; 1575000 | TerraForm Power Operating LLC, Sr. Unsecd. Note, 144A, 4.750%, 1/15/2030 | &nbsp;&nbsp; 1508908 |
| &nbsp;&nbsp; 1725000 | TerraForm Power Operating LLC, Sr. Unsecd. Note, 144A, 5.000%, 1/31/2028 | &nbsp;&nbsp; 1708603 |
| &nbsp;&nbsp; 1475000 | TransAlta Corp., Sr. Unsecd. Note, 7.750%, 11/15/2029 | &nbsp;&nbsp; 1550676 |
| &nbsp;&nbsp; 1175000 | Vistra Operations Co., LLC, Sr. Unsecd. Note, 144A, 5.625%, 2/15/2027 | &nbsp;&nbsp; 1176538 |
| &nbsp;&nbsp; 1325000 | Vistra Operations Co., LLC, Sr. Unsecd. Note, 144A, 7.750%, 10/15/2031 | &nbsp;&nbsp; 1409208 |
| &nbsp;&nbsp; 475000 | XPLR Infrastructure Operating Partners, LP, Sr. Unsecd. Note, 144A, 4.500%, 9/15/2027 | &nbsp;&nbsp; 463327 |
| &nbsp;&nbsp; 600000 | XPLR Infrastructure Operating Partners, LP, Sr. Unsecd. Note, 144A, 7.250%, 1/15/2029 | &nbsp;&nbsp; 615475 |
| &nbsp;&nbsp; 950000 | XPLR Infrastructure Operating Partners, LP, Sr. Unsecd. Note, 144A, 8.375%, 1/15/2031 | &nbsp;&nbsp; 1015440 |
| &nbsp;&nbsp; 1100000 | XPLR Infrastructure Operating Partners, LP, Sr. Unsecd. Note, 144A, 8.625%, 3/15/2033 | &nbsp;&nbsp; 1179802 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp; 10627977 |
|  | **Wireless Communications—0.3%** |  |
| &nbsp;&nbsp; 1300000 | T-Mobile USA, Inc., Sr. Unsecd. Note, 2.250%, 2/15/2026 | &nbsp;&nbsp; 1280683 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL CORPORATE BONDS <br>(IDENTIFIED COST $462,789,415)<br>| &nbsp;&nbsp; 464083421 |
|  | COMMON STOCK—0.0% |  |
|  | **Media Entertainment—0.0%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4686<br><sup>2,3</sup> <br>| Audacy Capital Corp. <br>(IDENTIFIED COST $3,185,281)<br>| &nbsp;&nbsp; 93673 |
|  | WARRANTS—0.0% |  |
|  | **Media Entertainment—0.0%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5680<br><sup>2,3</sup> <br>| Audacy Capital Corp., Warrants 9/30/2028 | &nbsp;&nbsp; 57 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 947<br><sup>2,3</sup> <br>| Audacy Capital Corp., Warrants 9/30/2028 | &nbsp;&nbsp; 9 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL WARRANTS <br>(IDENTIFIED COST $1,912)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 66 |
|  | INVESTMENT COMPANY—3.8% |  |
| &nbsp;&nbsp; 18479474 | Federated Hermes Government Obligations Fund, Premier Shares, 4.25%<sup>4</sup> <br>(IDENTIFIED COST $18,479,474)<br>| &nbsp;&nbsp; 18479474 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL INVESTMENT IN SECURITIES—98.8% <br>(IDENTIFIED COST $484,456,082)<br>| &nbsp;&nbsp; 482656634 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; OTHER ASSETS AND LIABILITIES - NET—1.2%<sup>5</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 5753951 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; NET ASSETS—100% | &nbsp;&nbsp; $488410585 |

---

**10**

------

Transactions with affiliated investment companies, which are funds managed by the Adviser or an affiliate of the Adviser, during the period ended June 30, 2025, were as follows:

---

| | |
|:---|:---|
|  | **Federated Hermes** <br>**Government** <br>**Obligations Fund,** <br>**Premier Shares**<br>|
| Value as of 3/31/2025 | &nbsp;&nbsp; $17993801 |
| Purchases at Cost | &nbsp;&nbsp; $35098899 |
| Proceeds from Sales | &nbsp;&nbsp; $(34613226) |
| Change in Unrealized Appreciation/Depreciation | &nbsp;&nbsp; $— |
| Net Realized Gain/(Loss) | &nbsp;&nbsp; $— |
| Value as of 6/30/2025 | &nbsp;&nbsp; $18479474 |
| Shares Held as of 6/30/2025 | &nbsp;&nbsp; 18479474 |
| Dividend Income | &nbsp;&nbsp; $218616 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| 1 | *Issuer in default.* |
| 2 | *Non-income-producing security.* |
| 3 | *Market quotations and price evaluations are not available. Fair value determined using significant unobservable inputs in accordance with procedures established* <br> *by and under the general supervision of the Fund's Adviser acting through its Valuation Committee.*<br>|
| 4 | *7-day net yield.* |
| 5 | *Assets, other than investments in securities, less liabilities.* |

---

Note: The categories of investments are shown as a percentage of net assets at June 30, 2025.

**Investment Valuation** 

In calculating its net asset value (NAV), the Fund generally values investments as follows:

■ Fixed-income securities are fair valued using price evaluations provided by a pricing service approved by Federated Investment Management Company (the "Adviser").

■ Shares of other mutual funds or non-exchange-traded investment companies are valued based upon their reported NAVs, or NAV per share practical expedient, as applicable.

■ Equity securities listed on an exchange or traded through a regulated market system are valued at their last reported sale price or official closing price in their principal exchange or market.

■ Derivative contracts listed on exchanges are valued at their reported settlement or closing price, except that options are valued at the mean of closing bid and ask quotations.

■ Over-the-counter (OTC) derivative contracts are fair valued using price evaluations provided by a pricing service approved by the Adviser.

■ For securities that are fair valued in accordance with procedures established by and under the general supervision of the Adviser, certain factors may be considered, such as: the last traded or purchase price of the security, information obtained by contacting the issuer or dealers, analysis of the issuer's financial statements or other available documents, fundamental analytical data, the nature and duration of restrictions on disposition, the movement of the market in which the security is normally traded, public trading in similar securities or derivative contracts of the issuer or comparable issuers, movement of a relevant index, or other factors including but not limited to industry changes and relevant government actions.

If any price, quotation, price evaluation or other pricing source is not readily available when the NAV is calculated, if the Fund cannot obtain price evaluations from a pricing service or from more than one dealer for an investment within a reasonable period of time as set forth in the Adviser's valuation policies and procedures for the Fund, or if information furnished by a pricing service, in the opinion of the Adviser's Valuation Committee ("Valuation Committee"), is deemed not representative of the fair value of such security, the Fund uses the fair value of the investment determined in accordance with the procedures described below. There can be no assurance that the Fund could obtain the fair value assigned to an investment if it sold the investment at approximately the time at which the Fund determines its NAV per share, and the actual value obtained could be materially different.

**Fair Valuation and Significant Events Procedures** 

Pursuant to Rule 2a-5 under the Investment Company Act of 1940, the Fund's Board of Directors (the "Directors") has designated the Adviser as the Fund's valuation designee to perform any fair value determinations for securities and other assets held by the Fund. The Adviser is subject to the Directors' oversight and certain reporting and other requirements intended to provide the Directors the information needed to oversee the Adviser's fair value determinations.

The Adviser, acting through its Valuation Committee, is responsible for determining the fair value of investments for which market quotations are not readily available. The Valuation Committee is comprised of officers of the Adviser and certain of the Adviser's affiliated companies and determines fair value and oversees the calculation of the NAV. The Valuation Committee is also authorized to use pricing services to provide fair value evaluations of the current value of certain investments for purposes of calculating the NAV. The Valuation Committee employs various methods for reviewing third-party pricing-service evaluations including periodic reviews of third-party pricing services' policies, procedures and valuation methods (including key inputs, methods, models and assumptions), transactional back-testing, comparisons of evaluations of different pricing services, and review of price challenges by the Adviser based on recent market activity. In the event that market quotations and price evaluations are not available for an investment, the Valuation

**11**

------

Committee determines the fair value of the investment in accordance with procedures adopted by the Adviser. The Directors periodically review the fair valuations made by the Valuation Committee. The Directors have also approved the Adviser's fair valuation and significant events procedures as part of the Fund's compliance program and will review any changes made to the procedures.

Factors considered by pricing services in evaluating an investment include the yields or prices of investments of comparable quality, coupon, maturity, call rights and other potential prepayments, terms and type, reported transactions, indications as to values from dealers and general market conditions. Some pricing services provide a single price evaluation reflecting the bid-side of the market for an investment (a "bid" evaluation). Other pricing services offer both bid evaluations and price evaluations indicative of a price between the prices bid and ask for the investment (a "mid" evaluation). The Fund normally uses bid evaluations for any U.S. Treasury and Agency securities, mortgage-backed securities and municipal securities. The Fund normally uses mid evaluations for any other types of fixed-income securities and any OTC derivative contracts. In the event that market quotations and price evaluations are not available for an investment, the fair value of the investment is determined in accordance with procedures adopted by the Adviser.

The Adviser has also adopted procedures requiring an investment to be priced at its fair value whenever the Valuation Committee determines that a significant event affecting the value of the investment has occurred between the time as of which the price of the investment would otherwise be determined and the time as of which the NAV is computed. An event is considered significant if there is both an affirmative expectation that the investment's value will change in response to the event and a reasonable basis for quantifying the resulting change in value. Examples of significant events that may occur after the close of the principal market on which a security is traded, or after the time of a price evaluation provided by a pricing service or a dealer, include:

■ With respect to securities traded principally in foreign markets, significant trends in U.S. equity markets or in the trading of foreign securities index futures contracts;

■ Political or other developments affecting the economy or markets in which an issuer conducts its operations or its securities are traded;

■ Announcements concerning matters such as acquisitions, recapitalizations, litigation developments, or a natural disaster affecting the issuer's operations or regulatory changes or market developments affecting the issuer's industry.

The Adviser has adopted procedures whereby the Valuation Committee uses a pricing service to provide factors to update the fair value of equity securities traded principally in foreign markets from the time of the close of their respective foreign stock exchanges to the pricing time of the Fund. For other significant events, the Fund may seek to obtain more current quotations or price evaluations from alternative pricing sources. If a reliable alternative pricing source is not available, the Valuation Committee will determine the fair value of the investment in accordance with the fair valuation procedures approved by the Adviser. The Directors periodically review fair valuations made in response to significant events.

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

Level 1—quoted prices in active markets for identical securities.

Level 2—other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.). Also includes securities valued at amortized cost.

Level 3—significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments).

The inputs or methodology used for valuing securities are not an indication of the risk associated with investing in those securities.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>The following is a summary of the inputs used, as of June 30, 2025, in valuing the Fund's assets carried at fair value:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Valuation Inputs** | **Valuation Inputs** | **Valuation Inputs** | **Valuation Inputs** | **Valuation Inputs** |
|  | **Level 1—** <br>**Quoted** <br>**Prices**<br>| **Level 2—** <br>**Other** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3—** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>| **Total** |
| **Debt Securities:** |  |  |  |  |
| Corporate Bonds | &nbsp;&nbsp; $— | &nbsp;&nbsp; $464083421 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $464083421 |
| **Equity Security:** |  |  |  |  |
| Common Stock |  |  |  |  |
| &nbsp;&nbsp; Domestic | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; 93673 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 93673 |
| **Warrants** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 66 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 66 |
| **Investment Company** | &nbsp;&nbsp; 18479474 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 18479474 |
| &nbsp;&nbsp;&nbsp;&nbsp; TOTAL SECURITIES | &nbsp;&nbsp; $18479474 | &nbsp;&nbsp; $464083421 | &nbsp;&nbsp; $93739 | &nbsp;&nbsp; $482656634 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

The following acronym(s) are used throughout this portfolio: <br> GMTN —Global Medium Term Note <br> PIK —Payment in Kind

**12**

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Federated Hermes Sustainable High Yield Bond Fund, Inc.

- **b. Investment Company Act file number:** 811-02782

- **c. CIK number of Registrant:** 0000225318

- **d. LEI of Registrant:** 254900IUU6IVIPRQAD32

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

  - **Street Address 1:** Federated Hermes Funds

  - **City:** Warrendale

  - **State:** PA

  - **Foreign country:** US

  - **Zip / Postal Code:** 15086-7561

  - **Telephone number:** 8003417400

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

- **a. Name of Series:** Federated Hermes Sustainable High Yield Bond Fund, Inc.

- **b. EDGAR series identifier (if any):** S000009068

- **c. LEI of Series:** 254900IUU6IVIPRQAD32

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

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

- **b. Date as of which information is reported:** 2025-06-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $489866846.51

**Total Liabilities:** $1660712.27

**Net Assets:** $488206134.24

**Cash Not Reported:** $21978.98

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -183.410990000000 | **1-Year:** -1345.695349000000 | **5-Year:** -1335.319281000000 | **10-Year:** -36.303752000000 | **30-Year:** 0.000000000000

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

- **3-Month:** -2218.727776000000 | **1-Year:** -37713.115554000000 | **5-Year:** -68325.458280000000 | **10-Year:** -8946.808392000000 | **30-Year:** 0.000000000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000024639 | 0.74%                | 1.34%                | 1.62%                |
| Class ID C000024641 | 0.67%                | 1.27%                | 1.56%                |
| Class ID C000177176 | 0.77%                | 1.36%                | 1.64%                |
| Class ID C000177177 | 0.76%                | 1.36%                | 1.64%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-186164.25              | $1547592.27                                |
| Month 2  | $-374015.62              | $4929731.73                                |
| Month 3  | $-277631.96              | $5849036.41                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| ADIENT GLOBAL HOLDINGS                | ADIENT GLOBAL HOLDINGS LTD                                                      | CUSIP: 00687YAD7<br>LEI: 213800VA38VCKE6M8790 | Long             | DBT              | CORP              | JE        |    575000 | PA      | $588507.33    | 0.12%             | 2033-02-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| ANTERO MIDSTREAM PART/FI              | Antero Midstream Partners LP / Antero Midstream Finance Corp                    | CUSIP: 03690AAF3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2475000 | PA      | $2472366.35   | 0.51%             | 2028-01-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| AHP HEALTH PARTN                      | AHP Health Partners Inc                                                         | CUSIP: 00150LAB7<br>LEI: 549300QMM8MQ6SM5KX05 | Long             | DBT              | CORP              | US        |   2150000 | PA      | $2098380.44   | 0.43%             | 2029-07-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| AMERICAN AIRLINES/AADVAN              | American Airlines Inc/AAdvantage Loyalty IP Ltd                                 | CUSIP: 00253XAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    241667 | PA      | $241263.16    | 0.05%             | 2026-04-20      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| ACRISURE LLC / FIN INC                | Acrisure LLC / Acrisure Finance Inc                                             | CUSIP: 00489LAL7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1550526.00   | 0.32%             | 2030-11-06      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| Ally Financial Inc                    | Ally Financial Inc                                                              | CUSIP: 02005NBF6<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1503536.57   | 0.31%             | 2025-11-20      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| ASBURY AUTOMOTIVE GROUP               | Asbury Automotive Group Inc                                                     | CUSIP: 043436AW4<br>LEI: 549300JH4DTA7U42GL91 | Long             | DBT              | CORP              | US        |   1550000 | PA      | $1497691.53   | 0.31%             | 2029-11-15      | Fixed         | 4.63%                 | Yes           |                  2 | On Loan: No      |
| BELRON UK FINANCE PLC                 | Belron UK Finance PLC                                                           | CUSIP: 080782AA3<br>LEI: 9845006BC9D1A77B8178 | Long             | DBT              | CORP              | GB        |   1325000 | PA      | $1337015.50   | 0.27%             | 2029-10-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| ARD FINANCE SA                        | ARD Finance SA                                                                  | CUSIP: 00191AAD8<br>LEI: 6354006P6QPGGPVJW880 | Long             | DBT              | CORP              | LU        |    628295 | PA      | $29844.01     | 0.01%             | 2027-06-30      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| ALBERTSONS COS/SAFEWAY                | Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC           | CUSIP: 013092AG6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    825000 | PA      | $782487.59    | 0.16%             | 2029-03-15      | Fixed         | 3.50%                 | Yes           |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYS              | CHS/Community Health Systems Inc                                                | CUSIP: 12543DBJ8<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |    375000 | PA      | $299317.50    | 0.06%             | 2029-04-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| HILTON DOMESTIC OPERATIN              | Hilton Domestic Operating Co Inc                                                | CUSIP: 432833AJ0<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |    300000 | PA      | $287773.26    | 0.06%             | 2029-05-01      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| ACRISURE LLC / FIN INC                | Acrisure LLC / Acrisure Finance Inc                                             | CUSIP: 004961AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $203009.60    | 0.04%             | 2032-07-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| ADIENT GLOBAL HOLDINGS                | Adient Global Holdings Ltd                                                      | CUSIP: 00687YAB1<br>LEI: 213800VA38VCKE6M8790 | Long             | DBT              | CORP              | JE        |    225000 | PA      | $232077.15    | 0.05%             | 2028-04-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| ALBERTSONS COS/SAFEWAY                | Albertsons Cos LLC / Safeway Inc / New Albertsons LP / Albertson's LLC          | CUSIP: 013092AB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    775000 | PA      | $774846.09    | 0.16%             | 2028-02-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| ASSUREDPARTNERS INC                   | AssuredPartners Inc                                                             | CUSIP: 04624VAC3<br>LEI: 549300HNDSDQWQ3L2P80 | Long             | DBT              | CORP              | US        |   1700000 | PA      | $1828907.60   | 0.37%             | 2032-02-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| ARDONAGH GROUP FINANCE                | Ardonagh Group Finance Ltd                                                      | CUSIP: 039956AA5<br>LEI: 254900SRT1BTAJ76NW62 | Long             | DBT              | CORP              | JE        |   5850000 | PA      | $6160647.46   | 1.26%             | 2032-02-15      | Fixed         | 8.88%                 | Yes           |                  2 | On Loan: No      |
| TTM TECHNOLOGIES INC                  | TTM Technologies Inc                                                            | CUSIP: 87305RAK5<br>LEI: 549300SC4BDOIS008048 | Long             | DBT              | CORP              | US        |   1525000 | PA      | $1458437.41   | 0.30%             | 2029-03-01      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| ACRISURE LLC / FIN INC                | Acrisure LLC / Acrisure Finance Inc                                             | CUSIP: 00489LAH6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    525000 | PA      | $510861.31    | 0.10%             | 2029-08-01      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| AETHON UN/AETHIN UN FIN               | Aethon United BR LP / Aethon United Finance Corp                                | CUSIP: 00810GAD6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1200000 | PA      | $1259614.80   | 0.26%             | 2029-10-01      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| AMERICAN AIRLINES/AADVAN              | American Airlines Inc/AAdvantage Loyalty IP Ltd                                 | CUSIP: 00253XAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    450000 | PA      | $449886.47    | 0.09%             | 2029-04-20      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| ARDAGH METAL PACKAGING                | Ardagh Metal Packaging Finance USA LLC / Ardagh Metal Packaging Finance PLC     | CUSIP: 03969YAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |   2900000 | PA      | $2650069.30   | 0.54%             | 2029-09-01      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| ALBERTSONS COS/SAFEWAY                | Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC           | CUSIP: 01309QAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1175000 | PA      | $1212348.55   | 0.25%             | 2033-03-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| ALLIANT HOLD / CO-ISSUER              | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer                  | CUSIP: 01883LAD5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    950000 | PA      | $937164.65    | 0.19%             | 2029-11-01      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| BALL CORP                             | Ball Corp                                                                       | CUSIP: 058498AZ9<br>LEI: 0BGI85ALH27ZJP15DY16 | Long             | DBT              | CORP              | US        |    750000 | PA      | $769819.50    | 0.16%             | 2029-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYS              | CHS/Community Health Systems Inc                                                | CUSIP: 12543DBG4<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |    700000 | PA      | $689923.84    | 0.14%             | 2027-03-15      | Fixed         | 5.63%                 | Yes           |                  2 | On Loan: No      |
| BROADSTREET PARTNERS INC              | BroadStreet Partners Inc                                                        | CUSIP: 11135RAA3<br>LEI: 549300BS9N54G8DD0R75 | Long             | DBT              | CORP              | US        |   5900000 | PA      | $5834418.55   | 1.20%             | 2029-04-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                | CCO Holdings LLC / CCO Holdings Capital Corp                                    | CUSIP: 1248EPCN1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    425000 | PA      | $396043.82    | 0.08%             | 2032-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ALBERTSONS COS/SAFEWAY                | Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC           | CUSIP: 01309QAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    400000 | PA      | $409919.44    | 0.08%             | 2028-02-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| ABC SUPPLY CO INC                     | American Builders & Contractors Supply Co Inc                                   | CUSIP: 024747AF4<br>LEI: 549300H5GQ4C1BEKG397 | Long             | DBT              | CORP              | US        |    525000 | PA      | $513852.20    | 0.11%             | 2028-01-15      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYS              | CHS/Community Health Systems Inc                                                | CUSIP: 12543DBL3<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |    525000 | PA      | $388702.91    | 0.08%             | 2030-04-01      | Fixed         | 6.13%                 | Yes           |                  2 | On Loan: No      |
| CROWN AMERICAS LLC                    | Crown Americas LLC                                                              | CUSIP: 228180AB1<br>LEI: RPPGGRL1J75WGF2DFO04 | Long             | DBT              | CORP              | US        |    500000 | PA      | $508249.00    | 0.10%             | 2030-04-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| AVANTOR FUNDING INC                   | Avantor Funding Inc                                                             | CUSIP: 05352TAB5<br>LEI: 5493003VM0XB4U8YD238 | Long             | DBT              | CORP              | US        |   1025000 | PA      | $971276.06    | 0.20%             | 2029-11-01      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                      | CSC Holdings LLC                                                                | CUSIP: 126307BB2<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    950000 | PA      | $671063.47    | 0.14%             | 2030-12-01      | Fixed         | 4.13%                 | Yes           |                  2 | On Loan: No      |
| CAPSTONE BORROWER INC                 | Capstone Borrower Inc                                                           | CUSIP: 140944AA7<br>LEI: 254900YSP2BAI3YKIX08 | Long             | DBT              | CORP              | US        |   1450000 | PA      | $1514065.35   | 0.31%             | 2030-06-15      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| CIENA CORP                            | Ciena Corp                                                                      | CUSIP: 171779AL5<br>LEI: W0CZ7N0GH8UIGXDM1H41 | Long             | DBT              | CORP              | US        |    750000 | PA      | $711281.95    | 0.15%             | 2030-01-31      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| ALLIED UNIVERSAL HOLDCO               | Allied Universal Holdco LLC                                                     | CUSIP: 019576AD9<br>LEI: 98450038B4549046D794 | Long             | DBT              | CORP              | US        |    825000 | PA      | $862605.15    | 0.18%             | 2031-02-15      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| ALLIED UNIVERSAL                      | Allied Universal Holdco LLC / Allied Universal Finance Corp                     | CUSIP: 019576AF4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    450000 | PA      | $456526.80    | 0.09%             | 2030-06-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| DORNOCH DEBT MERGER SUB               | Dornoch Debt Merger Sub Inc                                                     | CUSIP: 25830JAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1800000 | PA      | $1396144.80   | 0.29%             | 2029-10-15      | Fixed         | 6.63%                 | Yes           |                  2 | On Loan: No      |
| EDGEWELL PERSONAL CARE                | Edgewell Personal Care Co                                                       | CUSIP: 28035QAA0<br>LEI: 549300CY8QZDL4Z3RU59 | Long             | DBT              | CORP              | US        |    600000 | PA      | $597468.00    | 0.12%             | 2028-06-01      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| AMWINS GROUP INC                      | AmWINS Group Inc                                                                | CUSIP: 031921AB5<br>LEI: 549300SJE7MUB8NMRG61 | Long             | DBT              | CORP              | US        |   3575000 | PA      | $3476471.21   | 0.71%             | 2029-06-30      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| ASCENT RESOURCES/ARU FIN              | Ascent Resources Utica Holdings LLC / ARU Finance Corp                          | CUSIP: 04364VAK9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    225000 | PA      | $276115.50    | 0.06%             | 2027-11-01      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| ASBURY AUTOMOTIVE GROUP               | Asbury Automotive Group Inc                                                     | CUSIP: 043436AX2<br>LEI: 549300JH4DTA7U42GL91 | Long             | DBT              | CORP              | US        |    375000 | PA      | $357035.06    | 0.07%             | 2032-02-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                | CCO Holdings LLC / CCO Holdings Capital Corp                                    | CUSIP: 1248EPCD3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1325000 | PA      | $1284650.24   | 0.26%             | 2030-03-01      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| BLUE RACER MID LLC/FINAN              | Blue Racer Midstream LLC / Blue Racer Finance Corp                              | CUSIP: 095796AJ7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1150000 | PA      | $1200926.55   | 0.25%             | 2029-07-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                | CCO Holdings LLC / CCO Holdings Capital Corp                                    | CUSIP: 1248EPCL5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    675000 | PA      | $617392.33    | 0.13%             | 2033-06-01      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| LCM INVESTMENTS HOLDINGS              | LCM Investments Holdings II LLC                                                 | CUSIP: 50190EAA2<br>LEI: 549300P5V78NNQTG4428 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $1167930.83   | 0.24%             | 2029-05-01      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| MADISON IAQ LLC                       | Madison IAQ LLC                                                                 | CUSIP: 55760LAA5<br>LEI: 549300IXDNBXNHUPBU73 | Long             | DBT              | CORP              | US        |    200000 | PA      | $194440.28    | 0.04%             | 2028-06-30      | Fixed         | 4.13%                 | Yes           |                  2 | On Loan: No      |
| ARDONAGH FINCO LTD                    | Ardonagh Finco Ltd                                                              | CUSIP: 039853AA4<br>LEI: 254900D2T84O1K03BA28 | Long             | DBT              | CORP              | JE        |    800000 | PA      | $836991.20    | 0.17%             | 2031-02-15      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| ASSUREDPARTNERS INC                   | AssuredPartners Inc                                                             | CUSIP: 04624VAB5<br>LEI: 549300HNDSDQWQ3L2P80 | Long             | DBT              | CORP              | US        |    650000 | PA      | $648682.71    | 0.13%             | 2029-01-15      | Fixed         | 5.63%                 | Yes           |                  2 | On Loan: No      |
| ADIENT GLOBAL HOLDINGS                | Adient Global Holdings Ltd                                                      | CUSIP: 00687YAC9<br>LEI: 213800VA38VCKE6M8790 | Long             | DBT              | CORP              | JE        |    925000 | PA      | $972815.10    | 0.20%             | 2031-04-15      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| ALLIANT HOLD / CO-ISSUER              | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer                  | CUSIP: 01883LAF0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2070330.00   | 0.42%             | 2031-01-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| CIVITAS RESOURCES INC                 | Civitas Resources Inc                                                           | CUSIP: 17888HAB9<br>LEI: IIVIHPH28S64K95M2381 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1012359.13   | 0.21%             | 2031-07-01      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| ENTEGRIS INC                          | Entegris Inc                                                                    | CUSIP: 29362UAD6<br>LEI: IYX6OWO7BT5DKO3BYG52 | Long             | DBT              | CORP              | US        |    700000 | PA      | $664003.34    | 0.14%             | 2029-05-01      | Fixed         | 3.63%                 | Yes           |                  2 | On Loan: No      |
| CAESARS ENTERTAIN INC                 | Caesars Entertainment Inc                                                       | CUSIP: 12769GAD2<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |   1650000 | PA      | $1619205.89   | 0.33%             | 2032-10-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| CHAMP ACQUISITION CORP                | Champ Acquisition Corp                                                          | CUSIP: 15807XAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1700000 | PA      | $1810715.90   | 0.37%             | 2031-12-01      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| BALDWIN INSUR GRP/FIN                 | Baldwin Insurance Group Holdings LLC / Baldwin Insurance Group Holdings Finance | CUSIP: 05825XAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2650000 | PA      | $2756784.40   | 0.56%             | 2031-05-15      | Fixed         | 7.13%                 | Yes           |                  2 | On Loan: No      |
| BOYD GAMING CORP                      | Boyd Gaming Corp                                                                | CUSIP: 103304BV2<br>LEI: 254900787YGRYS2A1Z35 | Long             | DBT              | CORP              | US        |    475000 | PA      | $455558.82    | 0.09%             | 2031-06-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| MASTERBRAND INC                       | Masterbrand Inc                                                                 | CUSIP: 57638PAA2<br>LEI: 549300E0Y4BR5Z9RDZ64 | Long             | DBT              | CORP              | US        |   1125000 | PA      | $1150393.37   | 0.24%             | 2032-07-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| SEALED AIR/SEALED AIR US              | Sealed Air Corp/Sealed Air Corp US                                              | CUSIP: 812127AA6<br>LEI: Q0M0CZB4YN6JZ65WXI09 | Long             | DBT              | CORP              | US        |   1325000 | PA      | $1345255.28   | 0.28%             | 2028-02-01      | Fixed         | 6.13%                 | Yes           |                  2 | On Loan: No      |
| IQVIA Inc                             | IQVIA Inc                                                                       | CUSIP: 46266TAA6<br>LEI: 549300PLWY28YB00C717 | Long             | DBT              | CORP              | US        |    600000 | PA      | $598363.68    | 0.12%             | 2027-05-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| JONES DESLAURIERS INSURA              | Jones Deslauriers Insurance Management Inc                                      | CUSIP: 48020RAB1<br>LEI: 549300JQIWNFU00E5424 | Long             | DBT              | CORP              | CA        |   2200000 | PA      | $2333447.60   | 0.48%             | 2030-03-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| ALLIANT HOLD / CO-ISSUER              | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer                  | CUSIP: 01883LAH6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1032064.00   | 0.21%             | 2032-10-01      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| ALLIED UNIVERSAL                      | Allied Universal Holdco LLC / Allied Universal Finance Corp                     | CUSIP: 019576AC1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2875000 | PA      | $2798757.01   | 0.57%             | 2029-06-01      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| CIVITAS RESOURCES INC                 | Civitas Resources Inc                                                           | CUSIP: 17888HAD5<br>LEI: IIVIHPH28S64K95M2381 | Long             | DBT              | CORP              | US        |    450000 | PA      | $461664.45    | 0.09%             | 2033-06-15      | Fixed         | 9.63%                 | Yes           |                  2 | On Loan: No      |
| EMRLD BOR / EMRLD CO-ISS              | Emerald Debt Merger Sub LLC                                                     | CUSIP: 29103CAA6<br>LEI: 98450099EE3A0ZD5F786 | Long             | DBT              | CORP              | US        |   3275000 | PA      | $3351707.05   | 0.69%             | 2030-12-15      | Fixed         | 6.63%                 | Yes           |                  2 | On Loan: No      |
| SIRIUS XM RADIO LLC                   | Sirius XM Radio Inc                                                             | CUSIP: 82967NBG2<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |   1025000 | PA      | $945731.14    | 0.19%             | 2030-07-01      | Fixed         | 4.13%                 | Yes           |                  2 | On Loan: No      |
| VIRGIN MEDIA SECURED FIN              | Virgin Media Secured Finance PLC                                                | CUSIP: 92769XAR6<br>LEI: 213800X3RLP4NOTPY579 | Long             | DBT              | CORP              | GB        |    400000 | PA      | $372005.80    | 0.08%             | 2030-08-15      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| FORTRESS INTERMEDIATE                 | Fortress Intermediate 3 Inc                                                     | CUSIP: 34966MAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1225000 | PA      | $1284862.08   | 0.26%             | 2031-06-01      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| MAUSER PACKAGING SOLUT                | Mauser Packaging Solutions Holding Co                                           | CUSIP: 57763RAD9<br>LEI: 549300DNGHXL0OMHW304 | Long             | DBT              | CORP              | US        |   1150000 | PA      | $1170288.30   | 0.24%             | 2027-04-15      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| MIDAS OPCO HOLDINGS LLC               | MIDAS OPCO HOLDINGS LLC                                                         | CUSIP: 59565JAA9<br>LEI: 984500904E015Z0C1F82 | Long             | DBT              | CORP              | US        |   1525000 | PA      | $1460286.17   | 0.30%             | 2029-08-15      | Fixed         | 5.63%                 | Yes           |                  2 | On Loan: No      |
| SEALED AIR CORP                       | Sealed Air Corp                                                                 | CUSIP: 812127AC2<br>LEI: Q0M0CZB4YN6JZ65WXI09 | Long             | DBT              | CORP              | US        |    850000 | PA      | $881354.80    | 0.18%             | 2032-07-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| BELLRING BRANDS INC                   | BellRing Brands Inc                                                             | CUSIP: 07831CAA1<br>LEI: 549300S3BOK5CMTS8054 | Long             | DBT              | CORP              | US        |   2250000 | PA      | $2345352.75   | 0.48%             | 2030-03-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| BOYD GAMING CORP                      | Boyd Gaming Corp                                                                | CUSIP: 103304BU4<br>LEI: 254900787YGRYS2A1Z35 | Long             | DBT              | CORP              | US        |   1600000 | PA      | $1591131.84   | 0.33%             | 2027-12-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| BRINK'S CO/THE                        | Brink's Co/The                                                                  | CUSIP: 109696AD6<br>LEI: XFP140TFNOQMIVFTVQ13 | Long             | DBT              | CORP              | US        |   1125000 | PA      | $1172443.50   | 0.24%             | 2032-06-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                | CCO Holdings LLC / CCO Holdings Capital Corp                                    | CUSIP: 1248EPBX0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1525000 | PA      | $1511991.87   | 0.31%             | 2028-02-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| EXPAND ENERGY CORP                    | Southwestern Energy Co                                                          | CUSIP: 845467AT6<br>LEI: EFWMP121W54QV9MGOP87 | Long             | DBT              | CORP              | US        |    425000 | PA      | $413548.76    | 0.08%             | 2032-02-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| STATION CASINOS LLC                   | Station Casinos LLC                                                             | CUSIP: 857691AH2<br>LEI: 5493004E7Q60TX54WL62 | Long             | DBT              | CORP              | US        |    725000 | PA      | $679584.99    | 0.14%             | 2031-12-01      | Fixed         | 4.63%                 | Yes           |                  2 | On Loan: No      |
| UKG INC                               | UKG Inc                                                                         | CUSIP: 90279XAA0<br>LEI: 529900FKHWSTQ1GXK240 | Long             | DBT              | CORP              | US        |   2875000 | PA      | $2984825.00   | 0.61%             | 2031-02-01      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| WYNN RESORTS FINANCE LLC              | Wynn Resorts Finance LLC / Wynn Resorts Capital Corp                            | CUSIP: 983133AD1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    375000 | PA      | $377638.88    | 0.08%             | 2033-03-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| ENERGIZER HOLDINGS INC                | Energizer Holdings Inc                                                          | CUSIP: 29272WAD1<br>LEI: 5493000D6NN0V57UME20 | Long             | DBT              | CORP              | US        |   1650000 | PA      | $1562070.66   | 0.32%             | 2029-03-31      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| ENPRO INC                             | Enpro Inc                                                                       | CUSIP: 29355XAH0<br>LEI: 549300Y5CFT2LKCFDN54 | Long             | DBT              | CORP              | US        |    250000 | PA      | $256205.41    | 0.05%             | 2033-06-01      | Fixed         | 6.13%                 | Yes           |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                | CCO Holdings LLC / CCO Holdings Capital Corp                                    | CUSIP: 1248EPCB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2125000 | PA      | $2118706.81   | 0.43%             | 2029-06-01      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| CELANESE US HOLDINGS LLC              | Celanese US Holdings LLC                                                        | CUSIP: 15089QAZ7<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1024298.00   | 0.21%             | 2030-04-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ENTEGRIS INC                          | Entegris Escrow Corp                                                            | CUSIP: 29365BAA1<br>LEI: IYX6OWO7BT5DKO3BYG52 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $1187796.60   | 0.24%             | 2029-04-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| NEOGEN FOOD SAFE CORP                 | Garden Spinco Corp                                                              | CUSIP: 365417AA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    250000 | PA      | $258795.50    | 0.05%             | 2030-07-20      | Fixed         | 8.63%                 | Yes           |                  2 | On Loan: No      |
| CLEVELAND-CLIFFS INC                  | Cleveland-Cliffs Inc                                                            | CUSIP: 185899AS0<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |    275000 | PA      | $265457.50    | 0.05%             | 2031-09-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| CLOUD SOFTWARE GRP INC                | Cloud Software Group Inc                                                        | CUSIP: 18912UAA0<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |   3325000 | PA      | $3449539.21   | 0.71%             | 2029-09-30      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| ENTEGRIS INC                          | Entegris Escrow Corp                                                            | CUSIP: 29365BAB9<br>LEI: IYX6OWO7BT5DKO3BYG52 | Long             | DBT              | CORP              | US        |    850000 | PA      | $864334.40    | 0.18%             | 2030-06-15      | Fixed         | 5.95%                 | Yes           |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC              | Ford Motor Credit Co LLC                                                        | CUSIP: 345397A86<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    900000 | PA      | $879997.44    | 0.18%             | 2027-08-17      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                | CCO Holdings LLC / CCO Holdings Capital Corp                                    | CUSIP: 1248EPCE1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1650000 | PA      | $1574107.59   | 0.32%             | 2030-08-15      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                | CCO Holdings LLC / CCO Holdings Capital Corp                                    | CUSIP: 1248EPCK7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1400000 | PA      | $1308724.86   | 0.27%             | 2031-02-01      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| CNX RESOURCES CORP                    | CNX Resources Corp                                                              | CUSIP: 12653CAL2<br>LEI: 549300JK3KH8PWM3B226 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1139728.70   | 0.23%             | 2032-03-01      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| CAPSTONE BORROWER INC                 | Capstone Borrower Inc                                                           | CUSIP: 140944AB5<br>LEI: 254900YSP2BAI3YKIX08 | Long             | DBT              | CORP              | US        |    550000 | PA      | $572832.85    | 0.12%             | 2030-06-15      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| XPLR INFRAST OPERATING                | NextEra Energy Operating Partners LP                                            | CUSIP: 65342QAB8<br>LEI: 549300KJEC5IUVJWR786 | Long             | DBT              | CORP              | US        |    475000 | PA      | $463326.40    | 0.09%             | 2027-09-15      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| GEN DIGITAL INC                       | Gen Digital Inc                                                                 | CUSIP: 668771AM0<br>LEI: YF6ZV0M6AU4FY94MK914 | Long             | DBT              | CORP              | US        |   1850000 | PA      | $1904282.70   | 0.39%             | 2033-04-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| AMWINS GROUP INC                      | AmWINS Group Inc                                                                | CUSIP: 031921AC3<br>LEI: 549300SJE7MUB8NMRG61 | Long             | DBT              | CORP              | US        |    900000 | PA      | $917874.90    | 0.19%             | 2029-02-15      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| ANTERO RESOURCES CORP                 | Antero Resources Corp                                                           | CUSIP: 03674XAQ9<br>LEI: APVBKPOULHUX7YZLKU17 | Long             | DBT              | CORP              | US        |    499000 | PA      | $512646.15    | 0.11%             | 2029-02-01      | Fixed         | 7.63%                 | Yes           |                  2 | On Loan: No      |
| GRAPHIC PACKAGING INTERN              | Graphic Packaging International LLC                                             | CUSIP: 38869AAA5<br>LEI: SO75N4VY5NXGQSK8YQ65 | Long             | DBT              | CORP              | US        |    400000 | PA      | $394718.64    | 0.08%             | 2027-07-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| HESS MIDSTREAM OPERATION              | Hess Midstream Operations LP                                                    | CUSIP: 428102AG2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    275000 | PA      | $282996.73    | 0.06%             | 2029-06-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| ANTERO MIDSTREAM PART/FI              | Antero Midstream Partners LP / Antero Midstream Finance Corp                    | CUSIP: 03690AAD8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1175000 | PA      | $1174297.70   | 0.24%             | 2027-03-01      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| ANTERO MIDSTREAM PART/FI              | Antero Midstream Partners LP / Antero Midstream Finance Corp                    | CUSIP: 03690AAH9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1125000 | PA      | $1117306.24   | 0.23%             | 2029-06-15      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| ANTERO MIDSTREAM PART/FI              | Antero Midstream Partners LP / Antero Midstream Finance Corp                    | CUSIP: 03690AAK2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    450000 | PA      | $465102.00    | 0.10%             | 2032-02-01      | Fixed         | 6.63%                 | Yes           |                  2 | On Loan: No      |
| Aramark Services Inc                  | Aramark Services Inc                                                            | CUSIP: 038522AQ1<br>LEI: 42YMHYH0XMHJEXDUB065 | Long             | DBT              | CORP              | US        |   1225000 | PA      | $1221246.48   | 0.25%             | 2028-02-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                | CCO Holdings LLC / CCO Holdings Capital Corp                                    | CUSIP: 1248EPCP6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    725000 | PA      | $645838.70    | 0.13%             | 2034-01-15      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                | CCO Holdings LLC / CCO Holdings Capital Corp                                    | CUSIP: 1248EPCQ4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    300000 | PA      | $284745.57    | 0.06%             | 2032-02-01      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| CARS.COM INC                          | Cars.com Inc                                                                    | CUSIP: 14575EAA3<br>LEI: 5493002G6J07LNGX4M98 | Long             | DBT              | CORP              | US        |   1131000 | PA      | $1134773.02   | 0.23%             | 2028-11-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| CIVITAS RESOURCES INC                 | Civitas Resources Inc                                                           | CUSIP: 17888HAA1<br>LEI: IIVIHPH28S64K95M2381 | Long             | DBT              | CORP              | US        |    500000 | PA      | $512580.50    | 0.10%             | 2028-07-01      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| HESS MIDSTREAM OPERATION              | Hess Midstream Operations LP                                                    | CUSIP: 428102AE7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    400000 | PA      | $384909.12    | 0.08%             | 2030-02-15      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| HESS MIDSTREAM OPERATION              | Hess Midstream Operations LP                                                    | CUSIP: 428102AH0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    250000 | PA      | $253882.75    | 0.05%             | 2028-03-01      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYS              | CHS/Community Health Systems Inc                                                | CUSIP: 12543DBH2<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |    675000 | PA      | $649807.85    | 0.13%             | 2029-01-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                      | CSC Holdings LLC                                                                | CUSIP: 126307BF3<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |   2750000 | PA      | $1907837.36   | 0.39%             | 2031-02-15      | Fixed         | 3.38%                 | Yes           |                  2 | On Loan: No      |
| OLYMPUS WTR US HLDG CORP              | Olympus Water US Holding Corp                                                   | CUSIP: 25259KAA8<br>LEI: 549300YU2GGVCBN3MY89 | Long             | DBT              | CORP              | US        |   2125000 | PA      | $2240345.00   | 0.46%             | 2028-11-15      | Fixed         | 9.75%                 | Yes           |                  2 | On Loan: No      |
| ELASTIC NV                            | Elastic NV                                                                      | CUSIP: 28415LAA1<br>LEI: 2549003I48WHHH937I59 | Long             | DBT              | CORP              | NL        |   1575000 | PA      | $1506300.30   | 0.31%             | 2029-07-15      | Fixed         | 4.13%                 | Yes           |                  2 | On Loan: No      |
| IHO Verwaltungs GmbH                  | IHO Verwaltungs GmbH                                                            | CUSIP: 44963BAD0<br>LEI: 529900JL0HDVGZMUJF32 | Long             | DBT              | CORP              | DE        |   1275000 | PA      | $1276918.88   | 0.26%             | 2029-05-15      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| KONTOOR BRANDS INC                    | Kontoor Brands Inc                                                              | CUSIP: 50050NAA1<br>LEI: 549300M0CPXV65RFF271 | Long             | DBT              | CORP              | US        |   2200000 | PA      | $2069620.96   | 0.42%             | 2029-11-15      | Fixed         | 4.13%                 | Yes           |                  2 | On Loan: No      |
| ASCENT RESOURCES/ARU FIN              | Ascent Resources Utica Holdings LLC / ARU Finance Corp                          | CUSIP: 04364VAU7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    800000 | PA      | $801860.00    | 0.16%             | 2029-06-30      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| AUDACY INC                            | AUDACY INC                                                                      | CUSIP: 05070N301<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4686 | NS      | $93673.14     | 0.02%             |  |  |  | No            |                  3 | On Loan: No      |
| CNX MIDSTREAM PART LP                 | CNX Midstream Partners LP                                                       | CUSIP: 12654AAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2975000 | PA      | $2817855.74   | 0.58%             | 2030-04-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| CAESARS ENTERTAIN INC                 | Caesars Entertainment Inc                                                       | CUSIP: 12769GAA8<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |    750000 | PA      | $716385.02    | 0.15%             | 2029-10-15      | Fixed         | 4.63%                 | Yes           |                  2 | On Loan: No      |
| CONSENSUS CLOUD SOLUTION              | Consensus Cloud Solutions Inc                                                   | CUSIP: 20848VAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1025000 | PA      | $1020515.63   | 0.21%             | 2026-10-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| CROWN AMERICAS LLC                    | Crown Americas LLC                                                              | CUSIP: 228180AC9<br>LEI: RPPGGRL1J75WGF2DFO04 | Long             | DBT              | CORP              | US        |    600000 | PA      | $604476.00    | 0.12%             | 2033-06-01      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| 1261229 BC LTD                        | 1261229 BC Ltd                                                                  | CUSIP: 68288AAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |   3575000 | PA      | $3608926.64   | 0.74%             | 2032-04-15      | Fixed         | 10.00%                | Yes           |                  2 | On Loan: No      |
| SEALED AIR CORP                       | Sealed Air Corp                                                                 | CUSIP: 81211KBA7<br>LEI: Q0M0CZB4YN6JZ65WXI09 | Long             | DBT              | CORP              | US        |    225000 | PA      | $222721.88    | 0.05%             | 2029-04-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| CAESARS ENTERTAIN INC                 | Colt Merger Sub Inc                                                             | CUSIP: 28470RAK8<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |    669000 | PA      | $669618.83    | 0.14%             | 2027-07-01      | Fixed         | 8.13%                 | Yes           |                  2 | On Loan: No      |
| GAP INC/THE                           | Gap Inc/The                                                                     | CUSIP: 364760AP3<br>LEI: T2ZG1WRWZ4BUCMQL9224 | Long             | DBT              | CORP              | US        |    725000 | PA      | $674249.71    | 0.14%             | 2029-10-01      | Fixed         | 3.63%                 | Yes           |                  2 | On Loan: No      |
| HESS MIDSTREAM OPERATION              | Hess Midstream Partners LP                                                      | CUSIP: 428104AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1550000 | PA      | $1540218.88   | 0.32%             | 2028-06-15      | Fixed         | 5.13%                 | Yes           |                  2 | On Loan: No      |
| HUB INTERNATIONAL LTD                 | HUB International Ltd                                                           | CUSIP: 44332PAJ0<br>LEI: 549300JQT6ATTUNS5E06 | Long             | DBT              | CORP              | US        |   3350000 | PA      | $3507293.99   | 0.72%             | 2032-01-31      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| EDGEWELL PERSONAL CARE                | Edgewell Personal Care Co                                                       | CUSIP: 28035QAB8<br>LEI: 549300CY8QZDL4Z3RU59 | Long             | DBT              | CORP              | US        |    825000 | PA      | $780062.42    | 0.16%             | 2029-04-01      | Fixed         | 4.13%                 | Yes           |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC              | Ford Motor Credit Co LLC                                                        | CUSIP: 345397A45<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1232449.20   | 0.25%             | 2027-01-09      | Fixed         | 4.27%                 | No            |                  2 | On Loan: No      |
| SYNAPTICS INC                         | Synaptics Inc                                                                   | CUSIP: 87157DAG4<br>LEI: 549300AJ3LI4FWNRQX29 | Long             | DBT              | CORP              | US        |    950000 | PA      | $902840.29    | 0.18%             | 2029-06-15      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| WR GRACE HOLDING LLC                  | WR Grace Holdings LLC                                                           | CUSIP: 92943GAD3<br>LEI: 549300WNOVFRGYOAEB12 | Long             | DBT              | CORP              | US        |    375000 | PA      | $373302.30    | 0.08%             | 2027-06-15      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| CAMELOT RETURN MERGER SU              | Camelot Return Merger Sub Inc                                                   | CUSIP: 13323NAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    750000 | PA      | $692235.00    | 0.14%             | 2028-08-01      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| CELANESE US HOLDINGS LLC              | Celanese US Holdings LLC                                                        | CUSIP: 15089QBA1<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2022392.00   | 0.41%             | 2033-04-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| WATCO COS LLC/FINANCE CO              | Watco Cos LLC / Watco Finance Corp                                              | CUSIP: 941130AD8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    975000 | PA      | $1019904.60   | 0.21%             | 2032-08-01      | Fixed         | 7.13%                 | Yes           |                  2 | On Loan: No      |
| GATES CORPORATION/DE                  | Gates Corp/The                                                                  | CUSIP: 367398AA2<br>LEI: 984500F43C791F4C7894 | Long             | DBT              | CORP              | US        |   2050000 | PA      | $2131214.85   | 0.44%             | 2029-07-01      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| HESS MIDSTREAM OPERATION              | Hess Midstream Operations LP                                                    | CUSIP: 428102AF4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    175000 | PA      | $175895.13    | 0.04%             | 2030-10-15      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| AXALTA COATING SYSTEMS                | Axalta Coating Systems LLC                                                      | CUSIP: 05453GAC9<br>LEI: 549300G80QONCHILSF69 | Long             | DBT              | CORP              | US        |    800000 | PA      | $758342.80    | 0.16%             | 2029-02-15      | Fixed         | 3.38%                 | Yes           |                  2 | On Loan: No      |
| BALL CORP                             | Ball Corp                                                                       | CUSIP: 058498AW6<br>LEI: 0BGI85ALH27ZJP15DY16 | Long             | DBT              | CORP              | US        |    675000 | PA      | $609045.62    | 0.12%             | 2030-08-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| OLYMPUS WTR US HLDG CORP              | Cheever Escrow Issuer LLC                                                       | CUSIP: 16308NAA2<br>LEI: 549300YU2GGVCBN3MY89 | Long             | DBT              | CORP              | US        |    325000 | PA      | $331142.61    | 0.07%             | 2027-10-01      | Fixed         | 7.13%                 | Yes           |                  2 | On Loan: No      |
| ESC CB CHESAPEAKE ENER                | ESC CB CHESAPEAKE ENER 10/24 7                                                  | CUSIP: 165ESCAF1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    625000 | PA      | $2500.00      | 0.00%             | 2024-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ATHENAHEALTH GROUP INC                | Minerva Merger Sub Inc                                                          | CUSIP: 60337JAA4<br>LEI: 254900AA3KZN4Q7A5Z33 | Long             | DBT              | CORP              | US        |   3750000 | PA      | $3694558.13   | 0.76%             | 2030-02-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| MEDLINE BORROWER LP                   | Mozart Debt Merger Sub Inc                                                      | CUSIP: 62482BAB8<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |   6350000 | PA      | $6305135.98   | 1.29%             | 2029-10-01      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| LIGHT & WONDER INTL INC               | Light & Wonder International Inc                                                | CUSIP: 531968AA3<br>LEI: RLTHESQ0RNFQJWPBJN60 | Long             | DBT              | CORP              | US        |    500000 | PA      | $523518.50    | 0.11%             | 2031-09-01      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| XPLR INFRAST OPERATING                | NextEra Energy Operating Partners LP                                            | CUSIP: 65342QAM4<br>LEI: 549300KJEC5IUVJWR786 | Long             | DBT              | CORP              | US        |    600000 | PA      | $615475.24    | 0.13%             | 2029-01-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| HILTON DOMESTIC OPERATIN              | Hilton Domestic Operating Co Inc                                                | CUSIP: 432833AN1<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |    800000 | PA      | $725186.08    | 0.15%             | 2032-02-15      | Fixed         | 3.63%                 | Yes           |                  2 | On Loan: No      |
| INSULET CORPORATION                   | Insulet Corp                                                                    | CUSIP: 45784PAL5<br>LEI: 549300TZTYD2PYN92D43 | Long             | DBT              | CORP              | US        |    175000 | PA      | $182575.93    | 0.04%             | 2033-04-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| NORTHRIVER MIDSTREAM FIN              | Northriver Midstream Finance LP                                                 | CUSIP: 66679NAB6<br>LEI: 549300SOLNLY3BL6GF18 | Long             | DBT              | CORP              | CA        |   1250000 | PA      | $1295466.25   | 0.27%             | 2032-07-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| OLYMPUS WTR US HLDG CORP              | Olympus Water US Holding Corp                                                   | CUSIP: 681639AB6<br>LEI: 549300YU2GGVCBN3MY89 | Long             | DBT              | CORP              | US        |   1300000 | PA      | $1241627.27   | 0.25%             | 2029-10-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| INTERFACE INC                         | Interface Inc                                                                   | CUSIP: 458665AS5<br>LEI: 549300VXZWQOIDFPU355 | Long             | DBT              | CORP              | US        |   1450000 | PA      | $1430173.57   | 0.29%             | 2028-12-01      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| IQVIA INC                             | IQVIA Inc                                                                       | CUSIP: 46266TAD0<br>LEI: 549300PLWY28YB00C717 | Long             | DBT              | CORP              | US        |   1175000 | PA      | $1212221.04   | 0.25%             | 2030-05-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| IQVIA INC                             | IQVIA Inc                                                                       | CUSIP: 46266TAG3<br>LEI: 549300PLWY28YB00C717 | Long             | DBT              | CORP              | US        |    650000 | PA      | $667854.32    | 0.14%             | 2032-06-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| JB POINDEXTER & CO INC                | JB Poindexter & Co Inc                                                          | CUSIP: 465965AC5<br>LEI: 549300W6P81HOZZGPQ16 | Long             | DBT              | CORP              | US        |   1650000 | PA      | $1681265.57   | 0.34%             | 2031-12-15      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| LAMAR MEDIA CORP                      | Lamar Media Corp                                                                | CUSIP: 513075BW0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1475000 | PA      | $1459266.32   | 0.30%             | 2029-01-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| MIWD HLDCO II/MIWD FIN                | MIWD Holdco II LLC / MIWD Finance Corp                                          | CUSIP: 55337PAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    525000 | PA      | $500385.74    | 0.10%             | 2030-02-01      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| 1011778 BC / NEW RED FIN              | 1011778 BC ULC / New Red Finance Inc                                            | CUSIP: 68245XAT6<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    400000 | PA      | $406149.16    | 0.08%             | 2029-09-15      | Fixed         | 5.63%                 | Yes           |                  2 | On Loan: No      |
| ORGANON & CO/ORGANON FOR              | Organon Finance 1 LLC                                                           | CUSIP: 68622TAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    350000 | PA      | $336838.95    | 0.07%             | 2028-04-30      | Fixed         | 4.13%                 | Yes           |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC              | Ford Motor Credit Co LLC                                                        | CUSIP: 345397B28<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   1925000 | PA      | $1912362.97   | 0.39%             | 2025-11-13      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC              | Ford Motor Credit Co LLC                                                        | CUSIP: 345397B77<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    825000 | PA      | $803446.55    | 0.16%             | 2026-08-10      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| QXO BUILDING PRODUCTS                 | Beacon Roofing Supply Inc                                                       | CUSIP: 74825NAA5<br>LEI: 549300HDXQWWCBOYXP31 | Long             | DBT              | CORP              | US        |   1125000 | PA      | $1161789.75   | 0.24%             | 2032-04-30      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| SS&C TECHNOLOGIES INC                 | SS&C Technologies Inc                                                           | CUSIP: 78466CAD8<br>LEI: 549300KY09TR3J12JU49 | Long             | DBT              | CORP              | US        |    425000 | PA      | $441586.05    | 0.09%             | 2032-06-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| CLARIOS GLOBAL LP/US FIN              | Clarios Global LP / Clarios US Finance Co                                       | CUSIP: 18060TAD7<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    950000 | PA      | $988557.65    | 0.20%             | 2030-02-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| CLEVELAND-CLIFFS INC                  | Cleveland-Cliffs Inc                                                            | CUSIP: 185899AK7<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |   1025000 | PA      | $942247.55    | 0.19%             | 2029-03-01      | Fixed         | 4.63%                 | Yes           |                  2 | On Loan: No      |
| SINCLAIR TELEVISION GROU              | Sinclair Television Group Inc                                                   | CUSIP: 829259AY6<br>LEI: 549300CQGEN0CH65UD62 | Long             | DBT              | CORP              | US        |    300000 | PA      | $243375.00    | 0.05%             | 2030-03-01      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| SIRIUS XM RADIO LLC                   | Sirius XM Radio Inc                                                             | CUSIP: 82967NBJ6<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |    925000 | PA      | $889053.11    | 0.18%             | 2028-07-15      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| GARDA WORLD SECURITY                  | Garda World Security Corp                                                       | CUSIP: 36485MAN9<br>LEI: 549300ZF1NDXLMCHNO20 | Long             | DBT              | CORP              | CA        |   1100000 | PA      | $1129769.30   | 0.23%             | 2032-08-01      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| GOAT HOLDCO LLC                       | Goat Holdco LLC                                                                 | CUSIP: 38021MAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    350000 | PA      | $356116.25    | 0.07%             | 2032-02-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| STANDARD INDUSTRI INC/NY              | Standard Industries Inc/NJ                                                      | CUSIP: 853496AG2<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |    425000 | PA      | $402673.23    | 0.08%             | 2030-07-15      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| TRANSDIGM INC                         | TransDigm Inc                                                                   | CUSIP: 893647BS5<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |    675000 | PA      | $700854.36    | 0.14%             | 2030-12-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| US FOODS INC                          | US Foods Inc                                                                    | CUSIP: 90290MAG6<br>LEI: 5493000JOOFAOUY1JZ87 | Long             | DBT              | CORP              | US        |    975000 | PA      | $1009342.43   | 0.21%             | 2028-09-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| WESCO DISTRIBUTION INC                | WESCO Distribution Inc                                                          | CUSIP: 95081QAP9<br>LEI: 549300I2CEZJG9N4AH67 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1519651.34   | 0.31%             | 2028-06-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| BALL CORP                             | Ball Corp                                                                       | CUSIP: 058498AY2<br>LEI: 0BGI85ALH27ZJP15DY16 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $1228761.60   | 0.25%             | 2028-03-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| BLUE RACER MID LLC/FINAN              | Blue Racer Midstream LLC / Blue Racer Finance Corp                              | CUSIP: 095796AK4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    750000 | PA      | $795219.00    | 0.16%             | 2032-07-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| WYNDHAM HOTELS & RESORTS              | Wyndham Hotels & Resorts Inc                                                    | CUSIP: 98311AAB1<br>LEI: 549300FE3MQ4RVXXC673 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $978889.30    | 0.20%             | 2028-08-15      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| TELENET FINANCE LUX NOTE              | Telenet Finance Luxembourg Notes Sarl                                           | CUSIP: 000000000<br>LEI: 2138007RI9GLJPCC3E25 | Long             | DBT              | CORP              | LU        |   3600000 | PA      | $3579454.84   | 0.73%             | 2028-03-01      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| HERC HOLDINGS INC                     | Herc Holdings Inc                                                               | CUSIP: 42704LAF1<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |   1525000 | PA      | $1593598.07   | 0.33%             | 2030-06-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| MGM RESORTS INTL                      | MGM Resorts International                                                       | CUSIP: 552953CJ8<br>LEI: 54930066VBP7DZEGGJ87 | Long             | DBT              | CORP              | US        |    625000 | PA      | $635587.36    | 0.13%             | 2032-04-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| CLEVELAND-CLIFFS INC                  | Cleveland-Cliffs Inc                                                            | CUSIP: 185899AP6<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |    700000 | PA      | $660737.91    | 0.14%             | 2032-03-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| CLYDESDALE ACQUISITION                | Clydesdale Acquisition Holdings Inc                                             | CUSIP: 18972EAC9<br>LEI: 254900QKSDYFR3K5YD98 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1023527.69   | 0.21%             | 2030-01-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| BRINK'S CO/THE                        | Brink's Co/The                                                                  | CUSIP: 109696AC8<br>LEI: XFP140TFNOQMIVFTVQ13 | Long             | DBT              | CORP              | US        |    700000 | PA      | $722073.58    | 0.15%             | 2029-06-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                | CCO Holdings LLC / CCO Holdings Capital Corp                                    | CUSIP: 1248EPBT9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1994936.06   | 0.41%             | 2027-05-01      | Fixed         | 5.13%                 | Yes           |                  2 | On Loan: No      |
| MCAFEE CORP                           | Condor Merger Sub Inc                                                           | CUSIP: 579063AB4<br>LEI: 2549009UKR8UEZYVCR93 | Long             | DBT              | CORP              | US        |   5300000 | PA      | $5010427.82   | 1.03%             | 2030-02-15      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| MEDLINE BORROWER LP                   | Mozart Debt Merger Sub Inc                                                      | CUSIP: 62482BAA0<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |   1275000 | PA      | $1223918.53   | 0.25%             | 2029-04-01      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| COREWEAVE INC                         | CoreWeave Inc                                                                   | CUSIP: 21873SAB4<br>LEI: 984500511DP2B6186053 | Long             | DBT              | CORP              | US        |   2025000 | PA      | $2071946.26   | 0.42%             | 2030-06-01      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| DT MIDSTREAM INC                      | DT Midstream Inc                                                                | CUSIP: 23345MAB3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2725000 | PA      | $2611216.26   | 0.53%             | 2031-06-15      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYS              | CHS/Community Health Systems Inc                                                | CUSIP: 12543DBM1<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |    525000 | PA      | $466041.19    | 0.10%             | 2030-05-15      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| CP ATLAS BUYER INC                    | CP Atlas Buyer Inc                                                              | CUSIP: 12597YAA7<br>LEI: 2549006ZZ07G0NDDCR36 | Long             | DBT              | CORP              | US        |   1375000 | PA      | $1273795.94   | 0.26%             | 2028-12-01      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                      | CSC Holdings LLC                                                                | CUSIP: 126307BH9<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $845447.89    | 0.17%             | 2031-11-15      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| CAESARS ENTERTAIN INC                 | Caesars Entertainment Inc                                                       | CUSIP: 12769GAB6<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |    375000 | PA      | $388577.63    | 0.08%             | 2030-02-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| MGM RESORTS INTL                      | MGM Resorts International                                                       | CUSIP: 552953CK5<br>LEI: 54930066VBP7DZEGGJ87 | Long             | DBT              | CORP              | US        |    450000 | PA      | $457999.11    | 0.09%             | 2029-09-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| Federated Government Obligations Fund | Federated Hermes Government Obligations Fund                                    | CUSIP: 608919718<br>LEI: 254900VAJ9169N7JRF45 | Long             | STIV             | RF                | US        |  18479474 | NS      | $18479474.34  | 3.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Navient Corp                          | Navient Corp                                                                    | CUSIP: 63938CAJ7<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |    500000 | PA      | $506356.00    | 0.10%             | 2026-06-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| OI EUROPEAN GROUP BV                  | OI European Group BV                                                            | CUSIP: 67777LAD5<br>LEI: 72450053F5WRDY8CDZ66 | Long             | DBT              | CORP              | NL        |    325000 | PA      | $312856.07    | 0.06%             | 2030-02-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| 1011778 BC / NEW RED FIN              | 1011778 BC ULC / New Red Finance Inc                                            | CUSIP: 68245XAM1<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |   4275000 | PA      | $3988227.02   | 0.82%             | 2030-10-15      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| ORGANON & CO/ORGANON FOR              | Organon & Co / Organon Foreign Debt Co-Issuer BV                                | CUSIP: 68622FAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1450000 | PA      | $1311232.48   | 0.27%             | 2034-05-15      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| CENTENE CORP                          | Centene Corp                                                                    | CUSIP: 15135BAT8<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |   1600000 | PA      | $1557275.84   | 0.32%             | 2029-12-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| EXPAND ENERGY CORP                    | Chesapeake Energy Corp                                                          | CUSIP: 165167DG9<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | DBT              | CORP              | US        |    175000 | PA      | $175818.30    | 0.04%             | 2029-02-01      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| POST HOLDINGS INC                     | Post Holdings Inc                                                               | CUSIP: 737446AU8<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |    375000 | PA      | $385850.33    | 0.08%             | 2032-02-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| ROCKETMTGE CO-ISSUER INC              | Quicken Loans LLC / Quicken Loans Co-Issuer Inc                                 | CUSIP: 74841CAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    825000 | PA      | $784583.00    | 0.16%             | 2029-03-01      | Fixed         | 3.63%                 | Yes           |                  2 | On Loan: No      |
| DANA INC                              | Dana Inc                                                                        | CUSIP: 235825AF3<br>LEI: KVWHW7YLZPFJM8QYNJ51 | Long             | DBT              | CORP              | US        |    350000 | PA      | $351418.55    | 0.07%             | 2027-11-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| DUN & BRADSTREET CORP                 | Dun & Bradstreet Corp/The                                                       | CUSIP: 26483EAL4<br>LEI: RI37BMPWE56BCJ747E14 | Long             | DBT              | CORP              | US        |   1575000 | PA      | $1614375.00   | 0.33%             | 2029-12-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| CIVITAS RESOURCES INC                 | Civitas Resources Inc                                                           | CUSIP: 17888HAC7<br>LEI: IIVIHPH28S64K95M2381 | Long             | DBT              | CORP              | US        |    900000 | PA      | $914447.70    | 0.19%             | 2030-11-01      | Fixed         | 8.63%                 | Yes           |                  2 | On Loan: No      |
| CLARIV SCI HLD CORP                   | Clarivate Science Holdings Corp                                                 | CUSIP: 18064PAD1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2825000 | PA      | $2662808.08   | 0.55%             | 2029-07-01      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| NCR ATLEOS LLC                        | NCR Atleos Escrow Corp                                                          | CUSIP: 638962AA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    700000 | PA      | $767289.60    | 0.16%             | 2029-04-01      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: No      |
| OPEN TEXT CORP                        | Open Text Corp                                                                  | CUSIP: 683715AD8<br>LEI: 549300HP7ONDQODZJV16 | Long             | DBT              | CORP              | CA        |    250000 | PA      | $235729.53    | 0.05%             | 2029-12-01      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| NAVIENT CORP                          | Navient Corp                                                                    | CUSIP: 63938CAK4<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |    750000 | PA      | $747489.17    | 0.15%             | 2027-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OLYMPUS WTR US HLDG CORP              | Olympus Water US Holding Corp                                                   | CUSIP: 681639AA8<br>LEI: 549300YU2GGVCBN3MY89 | Long             | DBT              | CORP              | US        |   1175000 | PA      | $1118150.33   | 0.23%             | 2028-10-01      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| CLEARWATER PAPER CORP                 | Clearwater Paper Corp                                                           | CUSIP: 18538RAJ2<br>LEI: 549300HCVV19GXN4P292 | Long             | DBT              | CORP              | US        |   1750000 | PA      | $1663368.28   | 0.34%             | 2028-08-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| CLEVELAND-CLIFFS INC                  | Cleveland-Cliffs Inc                                                            | CUSIP: 185899AR2<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |    475000 | PA      | $446329.85    | 0.09%             | 2033-05-01      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| EMRLD BOR / EMRLD CO-ISS              | EMRLD Borrower LP / Emerald Co-Issuer Inc                                       | CUSIP: 26873CAB8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    175000 | PA      | $181258.00    | 0.04%             | 2031-07-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| ENERGIZER HOLDINGS INC                | Energizer Holdings Inc                                                          | CUSIP: 29272WAC3<br>LEI: 5493000D6NN0V57UME20 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1218281.63   | 0.25%             | 2028-06-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| POST HOLDINGS INC                     | Post Holdings Inc                                                               | CUSIP: 737446AV6<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |   1275000 | PA      | $1289811.68   | 0.26%             | 2033-03-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| ROCKETMTGE CO-ISSUER INC              | Quicken Loans LLC / Quicken Loans Co-Issuer Inc                                 | CUSIP: 74841CAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1725000 | PA      | $1600427.18   | 0.33%             | 2031-03-01      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| ENERGIZER HOLDINGS INC                | Energizer Holdings Inc                                                          | CUSIP: 29272WAF6<br>LEI: 5493000D6NN0V57UME20 | Long             | DBT              | CORP              | US        |    850000 | PA      | $860494.95    | 0.18%             | 2027-12-31      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| FAIR ISAAC CORP                       | Fair Isaac Corp                                                                 | CUSIP: 303250AG9<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | DBT              | CORP              | US        |    550000 | PA      | $556416.18    | 0.11%             | 2033-05-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| RANGE RESOURCES CORP                  | Range Resources Corp                                                            | CUSIP: 75281ABJ7<br>LEI: H3Y3WLYCX0BTO1TRW162 | Long             | DBT              | CORP              | US        |   1300000 | PA      | $1339313.30   | 0.27%             | 2029-01-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| TGNR INTERMEDIATE HOLDIN              | Rockcliff Energy II LLC                                                         | CUSIP: 77289KAA3<br>LEI: 5493007AZNVKZ5HEMT23 | Long             | DBT              | CORP              | US        |   1275000 | PA      | $1236463.00   | 0.25%             | 2029-10-15      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| CONCENTRA HEALTH SERVICE              | Concentra Escrow Issuer Corp                                                    | CUSIP: 20600DAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    275000 | PA      | $285068.76    | 0.06%             | 2032-07-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| ELEMENT SOLUTIONS INC                 | Element Solutions Inc                                                           | CUSIP: 28618MAA4<br>LEI: 549300FLGN6P5CU20J91 | Long             | DBT              | CORP              | US        |   1375000 | PA      | $1334423.75   | 0.27%             | 2028-09-01      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| Ford Motor Credit Co LLC              | Ford Motor Credit Co LLC                                                        | CUSIP: 345397ZR7<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $1173808.44   | 0.24%             | 2029-05-03      | Fixed         | 5.11%                 | No            |                  2 | On Loan: No      |
| GYP HOLDINGS III CORP                 | GYP Holdings III Corp                                                           | CUSIP: 36261NAA5<br>LEI: 549300055I1KJWZH9690 | Long             | DBT              | CORP              | US        |   1525000 | PA      | $1529630.56   | 0.31%             | 2029-05-01      | Fixed         | 4.63%                 | Yes           |                  2 | On Loan: No      |
| FAIR ISAAC CORP                       | Fair Isaac Corp                                                                 | CUSIP: 303250AF1<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | DBT              | CORP              | US        |    500000 | PA      | $487057.00    | 0.10%             | 2028-06-15      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| GARDA WORLD SECURITY                  | Garda World Security Corp                                                       | CUSIP: 36485MAM1<br>LEI: 549300ZF1NDXLMCHNO20 | Long             | DBT              | CORP              | CA        |    450000 | PA      | $465906.51    | 0.10%             | 2028-02-15      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| RHP HOTEL PPTY/RHP FINAN              | RHP Hotel Properties LP / RHP Finance Corp                                      | CUSIP: 749571AK1<br>LEI: N/A                  | Long             | DBT              |  | US        |    675000 | PA      | $694657.35    | 0.14%             | 2032-04-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| RAVEN ACQUISITION HOLDIN              | Raven Acquisition Holdings LLC                                                  | CUSIP: 75420NAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1675000 | PA      | $1679257.98   | 0.34%             | 2031-11-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| GAP INC/THE                           | Gap Inc/The                                                                     | CUSIP: 364760AQ1<br>LEI: T2ZG1WRWZ4BUCMQL9224 | Long             | DBT              | CORP              | US        |    800000 | PA      | $719062.84    | 0.15%             | 2031-10-01      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| GARDA WORLD SECURITY                  | Garda World Security Corp                                                       | CUSIP: 36485MAK5<br>LEI: 549300ZF1NDXLMCHNO20 | Long             | DBT              | CORP              | CA        |    350000 | PA      | $348064.78    | 0.07%             | 2027-02-15      | Fixed         | 4.63%                 | Yes           |                  2 | On Loan: No      |
| PERFORMANCE FOOD GROUP I              | Performance Food Group Inc                                                      | CUSIP: 71376LAF7<br>LEI: 549300OMUOGBYK0FFO76 | Long             | DBT              | CORP              | US        |    600000 | PA      | $614510.40    | 0.13%             | 2032-09-15      | Fixed         | 6.13%                 | Yes           |                  2 | On Loan: No      |
| POST HOLDINGS INC                     | Post Holdings Inc                                                               | CUSIP: 737446AX2<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |    325000 | PA      | $327658.18    | 0.07%             | 2034-10-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| T-MOBILE USA INC                      | T-Mobile USA Inc                                                                | CUSIP: 87264ABR5<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |   1300000 | PA      | $1280683.43   | 0.26%             | 2026-02-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| SUNRISE FINCO I BV                    | UPC Broadband Finco BV                                                          | CUSIP: 90320BAA7<br>LEI: 213800MNFBDEQRS6HZ22 | Long             | DBT              | CORP              | NL        |   3275000 | PA      | $3099378.13   | 0.63%             | 2031-07-15      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| SEALED AIR/SEALED AIR US              | Sealed Air Corp/Sealed Air Corp US                                              | CUSIP: 812127AB4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    250000 | PA      | $263432.00    | 0.05%             | 2031-02-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| SENSATA TECH INC                      | Sensata Technologies Inc                                                        | CUSIP: 81728UAA2<br>LEI: 5493002MMDDCUNV7NY90 | Long             | DBT              | CORP              | US        |    350000 | PA      | $334470.22    | 0.07%             | 2030-02-15      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| RANGE RESOURCES CORP                  | Range Resources Corp                                                            | CUSIP: 75281ABK4<br>LEI: H3Y3WLYCX0BTO1TRW162 | Long             | DBT              | CORP              | US        |    375000 | PA      | $365062.05    | 0.07%             | 2030-02-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| RYAN SPECIALTY                        | Ryan Specialty LLC                                                              | CUSIP: 78351GAA3<br>LEI: 549300K52N7QBO3PYY45 | Long             | DBT              | CORP              | US        |   1425000 | PA      | $1437121.05   | 0.29%             | 2032-08-01      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| SEAGATE HDD CAYMAN                    | Seagate HDD Cayman                                                              | CUSIP: 81180WBM2<br>LEI: 529900BD50TRWEG1SF63 | Long             | DBT              | CORP              | KY        |   1999000 | PA      | $2255019.93   | 0.46%             | 2032-12-01      | Fixed         | 9.63%                 | No            |                  2 | On Loan: No      |
| STANDARD BUILDING SOLUTI              | Standard Industries Inc/NJ                                                      | CUSIP: 853191AA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    700000 | PA      | $717698.80    | 0.15%             | 2032-08-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| WESCO DISTRIBUTION INC                | WESCO Distribution Inc                                                          | CUSIP: 95081QAR5<br>LEI: 549300I2CEZJG9N4AH67 | Long             | DBT              | CORP              | US        |    250000 | PA      | $260105.00    | 0.05%             | 2032-03-15      | Fixed         | 6.63%                 | Yes           |                  2 | On Loan: No      |
| GARDA WORLD SECURITY                  | Garda World Security Corp                                                       | CUSIP: 36485MAL3<br>LEI: 549300ZF1NDXLMCHNO20 | Long             | DBT              | CORP              | CA        |   1600000 | PA      | $1563086.56   | 0.32%             | 2029-06-01      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| GARTNER INC                           | Gartner Inc                                                                     | CUSIP: 366651AC1<br>LEI: PP55B5R38BFB8O8HH686 | Long             | DBT              | CORP              | US        |    175000 | PA      | $173302.55    | 0.04%             | 2028-07-01      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| SENSATA TECHNOLOGIES INC              | Sensata Technologies Inc                                                        | CUSIP: 81728UAC8<br>LEI: 5493002MMDDCUNV7NY90 | Long             | DBT              | CORP              | US        |    450000 | PA      | $463486.50    | 0.09%             | 2032-07-15      | Fixed         | 6.63%                 | Yes           |                  2 | On Loan: No      |
| STANDARD INDUSTRI INC/NY              | Standard Industries Inc/NJ                                                      | CUSIP: 853496AC1<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |   2975000 | PA      | $2970355.13   | 0.61%             | 2027-02-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| GARTNER INC                           | Gartner Inc                                                                     | CUSIP: 366651AE7<br>LEI: PP55B5R38BFB8O8HH686 | Long             | DBT              | CORP              | US        |    300000 | PA      | $280921.02    | 0.06%             | 2030-10-01      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| GRIFOLS SA                            | Grifols Escrow Issuer SA                                                        | CUSIP: 39843UAA0<br>LEI: 959800HSSNXWRKBK4N60 | Long             | DBT              | CORP              | ES        |   2375000 | PA      | $2284636.00   | 0.47%             | 2028-10-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| STANDARD INDUSTRI INC/NY              | Standard Industries Inc/NJ                                                      | CUSIP: 853496AH0<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |    775000 | PA      | $695571.03    | 0.14%             | 2031-01-15      | Fixed         | 3.38%                 | Yes           |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                 | Tenet Healthcare Corp                                                           | CUSIP: 88033GDH0<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |    600000 | PA      | $592917.78    | 0.12%             | 2028-06-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| HILLENBRAND INC                       | Hillenbrand Inc                                                                 | CUSIP: 431571AF5<br>LEI: U246OE781574J2BUD366 | Long             | DBT              | CORP              | US        |    275000 | PA      | $280586.63    | 0.06%             | 2029-02-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| HILTON DOMESTIC OPERATIN              | Hilton Domestic Operating Co Inc                                                | CUSIP: 432833AH4<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |    325000 | PA      | $325936.98    | 0.07%             | 2028-05-01      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| GO DADDY OPCO/FINCO                   | Go Daddy Operating Co LLC / GD Finance Co Inc                                   | CUSIP: 38016LAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $999996.90    | 0.20%             | 2027-12-01      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| GRAPHIC PACKAGING INTERN              | Graphic Packaging International LLC                                             | CUSIP: 38869AAC1<br>LEI: SO75N4VY5NXGQSK8YQ65 | Long             | DBT              | CORP              | US        |    275000 | PA      | $259566.53    | 0.05%             | 2029-03-01      | Fixed         | 3.50%                 | Yes           |                  2 | On Loan: No      |
| TRANSDIGM INC                         | TransDigm Inc                                                                   | CUSIP: 893647BQ9<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |    975000 | PA      | $958679.48    | 0.20%             | 2029-05-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| USI INC/NY                            | USI Inc/NY                                                                      | CUSIP: 90346KAB5<br>LEI: 2549006D7UF7072T7I27 | Long             | DBT              | CORP              | US        |   3900000 | PA      | $4119995.10   | 0.84%             | 2032-01-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| HILTON DOMESTIC OPERATIN              | Hilton Domestic Operating Co Inc                                                | CUSIP: 432833AR2<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |   1350000 | PA      | $1376362.80   | 0.28%             | 2033-03-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| HUB INTERNATIONAL LTD                 | HUB International Ltd                                                           | CUSIP: 44332PAG6<br>LEI: 549300JQT6ATTUNS5E06 | Long             | DBT              | CORP              | US        |   2075000 | PA      | $2076929.75   | 0.43%             | 2029-12-01      | Fixed         | 5.63%                 | Yes           |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                 | Tenet Healthcare Corp                                                           | CUSIP: 88033GDU1<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |    850000 | PA      | $879944.65    | 0.18%             | 2031-05-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                         | TransDigm Inc                                                                   | CUSIP: 893647BU0<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |    825000 | PA      | $847432.99    | 0.17%             | 2029-03-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| IHO VERWALTUNGS GMBH                  | IHO Verwaltungs GmbH                                                            | CUSIP: 44963BAG3<br>LEI: 529900JL0HDVGZMUJF32 | Long             | DBT              | CORP              | DE        |   1650000 | PA      | $1688865.75   | 0.35%             | 2032-11-15      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| IQVIA Inc                             | IQVIA Inc                                                                       | CUSIP: 449934AD0<br>LEI: 549300PLWY28YB00C717 | Long             | DBT              | CORP              | US        |    550000 | PA      | $549802.39    | 0.11%             | 2026-10-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| UWM HOLDINGS LLC                      | UWM Holdings LLC                                                                | CUSIP: 903522AA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    675000 | PA      | $676335.47    | 0.14%             | 2030-02-01      | Fixed         | 6.63%                 | Yes           |                  2 | On Loan: No      |
| UNIVISION COMMUNICATIONS              | Univision Communications Inc                                                    | CUSIP: 914906AU6<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |    475000 | PA      | $474141.20    | 0.10%             | 2027-06-01      | Fixed         | 6.63%                 | Yes           |                  2 | On Loan: No      |
| VIAVI SOLUTIONS INC                   | Viavi Solutions Inc                                                             | CUSIP: 925550AF2<br>LEI: 5493006K3E3N1QOBF092 | Long             | DBT              | CORP              | US        |   1025000 | PA      | $958796.28    | 0.20%             | 2029-10-01      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| VIRGIN MEDIA SECURED FIN              | Virgin Media Secured Finance PLC                                                | CUSIP: 92769XAP0<br>LEI: 213800X3RLP4NOTPY579 | Long             | DBT              | CORP              | GB        |   1700000 | PA      | $1673152.82   | 0.34%             | 2029-05-15      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| INSIGHT ENTERPRS                      | Insight Enterprises Inc                                                         | CUSIP: 45765UAC7<br>LEI: 529900S8991TYW6YP792 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1288688.75   | 0.26%             | 2032-05-15      | Fixed         | 6.63%                 | Yes           |                  2 | On Loan: No      |
| IRON MOUNTAIN INC                     | Iron Mountain Inc                                                               | CUSIP: 46284VAP6<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              |  | US        |   1825000 | PA      | $1890455.45   | 0.39%             | 2029-02-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| GRAPHIC PACKAGING INTERN              | Graphic Packaging International LLC                                             | CUSIP: 38869AAD9<br>LEI: SO75N4VY5NXGQSK8YQ65 | Long             | DBT              | CORP              | US        |    900000 | PA      | $844468.56    | 0.17%             | 2030-02-01      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| GRAY MEDIA INC                        | Gray Escrow II Inc                                                              | CUSIP: 389286AA3<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |    500000 | PA      | $375348.12    | 0.08%             | 2031-11-15      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| HANESBRANDS INC                       | Hanesbrands Inc                                                                 | CUSIP: 410345AQ5<br>LEI: GX5LWVWZLL5S4W1L2F20 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1324656.25   | 0.27%             | 2031-02-15      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| HEALTHEQUITY INC                      | HealthEquity Inc                                                                | CUSIP: 42226AAA5<br>LEI: 529900LRJU1RAFQHM467 | Long             | DBT              | CORP              | US        |   3075000 | PA      | $2993613.36   | 0.61%             | 2029-10-01      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| HERC HOLDINGS INC                     | Herc Holdings Inc                                                               | CUSIP: 42704LAG9<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |    875000 | PA      | $917394.86    | 0.19%             | 2033-06-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| HERENS HOLDCO SARL                    | Herens Holdco Sarl                                                              | CUSIP: 427169AA5<br>LEI: 2221002FZ55AMAUX4G64 | Long             | DBT              | CORP              | LU        |    975000 | PA      | $875823.00    | 0.18%             | 2028-05-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| HUB INTERNATIONAL LTD                 | HUB International Ltd                                                           | CUSIP: 44332PAH4<br>LEI: 549300JQT6ATTUNS5E06 | Long             | DBT              | CORP              | US        |   2075000 | PA      | $2169972.75   | 0.44%             | 2030-06-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| LCM INVESTMENTS HOLDINGS              | LCM Investments Holdings II LLC                                                 | CUSIP: 50190EAC8<br>LEI: 549300P5V78NNQTG4428 | Long             | DBT              | CORP              | US        |   1150000 | PA      | $1223620.70   | 0.25%             | 2031-08-01      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| TRANSDIGM INC                         | TransDigm Inc                                                                   | CUSIP: 893647BY2<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2006812.90   | 0.41%             | 2033-05-31      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| TRIVIUM PACKAGING FIN                 | Trivium Packaging Finance BV                                                    | CUSIP: 89686QAD8<br>LEI: 724500GMZWW3PVYET548 | Long             | DBT              | CORP              | NL        |    750000 | PA      | $793689.00    | 0.16%             | 2030-07-15      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| JONES DESLAURIERS INSURA              | Jones Deslauriers Insurance Management Inc                                      | CUSIP: 48020RAA3<br>LEI: 549300JQIWNFU00E5424 | Long             | DBT              | CORP              | CA        |   2725000 | PA      | $2906561.05   | 0.60%             | 2030-12-15      | Fixed         | 10.50%                | Yes           |                  2 | On Loan: No      |
| KFC HLD/PIZZA HUT/TACO                | KFC Holding Co/Pizza Hut Holdings LLC/Taco Bell of America LLC                  | CUSIP: 48250NAC9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    600000 | PA      | $598913.04    | 0.12%             | 2027-06-01      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| LAMAR MEDIA CORP                      | Lamar Media Corp                                                                | CUSIP: 513075BZ3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    350000 | PA      | $323679.79    | 0.07%             | 2031-01-15      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| MADISON IAQ LLC                       | Madison IAQ LLC                                                                 | CUSIP: 55760LAB3<br>LEI: 549300IXDNBXNHUPBU73 | Long             | DBT              | CORP              | US        |   3975000 | PA      | $3912986.42   | 0.80%             | 2029-06-30      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| MGM RESORTS INTL                      | MGM Resorts International                                                       | CUSIP: 552953CH2<br>LEI: 54930066VBP7DZEGGJ87 | Long             | DBT              | CORP              | US        |   1450000 | PA      | $1433512.78   | 0.29%             | 2028-10-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| MATCH GROUP HLD II LLC                | Match Group Inc                                                                 | CUSIP: 57665RAG1<br>LEI: 5493003RFFE030RC9167 | Long             | DBT              | CORP              | US        |   1350000 | PA      | $1343566.31   | 0.28%             | 2027-12-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| US FOODS INC                          | US Foods Inc                                                                    | CUSIP: 90290MAJ0<br>LEI: 5493000JOOFAOUY1JZ87 | Long             | DBT              | CORP              | US        |    650000 | PA      | $650942.70    | 0.13%             | 2033-04-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| UNITED WHOLESALE MTGE LL              | United Wholesale Mortgage LLC                                                   | CUSIP: 913229AA8<br>LEI: 549300HW662MN1WU8550 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1068716.11   | 0.22%             | 2029-04-15      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| MATCH GROUP HLD II LLC                | Match Group Inc                                                                 | CUSIP: 57665RAN6<br>LEI: 5493003RFFE030RC9167 | Long             | DBT              | CORP              | US        |    250000 | PA      | $244131.20    | 0.05%             | 2028-06-01      | Fixed         | 4.63%                 | Yes           |                  2 | On Loan: No      |
| MAXAM PRILL SARL                      | Maxam Prill Sarl                                                                | CUSIP: 57779MAA8<br>LEI: 984500C4C5B820A6B691 | Long             | DBT              | CORP              | LU        |   1475000 | PA      | $1478758.27   | 0.30%             | 2030-07-15      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| WESCO DISTRIBUTION INC                | WESCO Distribution Inc                                                          | CUSIP: 95081QAS3<br>LEI: 549300I2CEZJG9N4AH67 | Long             | DBT              | CORP              | US        |    625000 | PA      | $646432.43    | 0.13%             | 2033-03-15      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| WILLIAM CARTER                        | William Carter Co/The                                                           | CUSIP: 96926JAC1<br>LEI: TGI2A0HXEYNQPU7TYV27 | Long             | DBT              | CORP              | US        |   1750000 | PA      | $1740574.05   | 0.36%             | 2027-03-15      | Fixed         | 5.63%                 | Yes           |                  2 | On Loan: No      |
| ACADEMY LTD                           | Academy Ltd                                                                     | CUSIP: 00401YAA8<br>LEI: 549300BN53IR80C35Z14 | Long             | DBT              | CORP              | US        |   1150000 | PA      | $1153842.68   | 0.24%             | 2027-11-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| ABC SUPPLY CO INC                     | American Builders & Contractors Supply Co Inc                                   | CUSIP: 024747AG2<br>LEI: 549300H5GQ4C1BEKG397 | Long             | DBT              | CORP              | US        |    200000 | PA      | $189344.12    | 0.04%             | 2029-11-15      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| ARDAGH PKG FIN/HLDGS USA              | Ardagh Packaging Finance PLC / Ardagh Holdings USA Inc                          | CUSIP: 03969AAP5<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    725000 | PA      | $323882.88    | 0.07%             | 2027-08-15      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| ASCENT RESOURCES/ARU FIN              | Ascent Resources Utica Holdings LLC / ARU Finance Corp                          | CUSIP: 04364VAX1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    650000 | PA      | $661978.20    | 0.14%             | 2032-10-15      | Fixed         | 6.63%                 | Yes           |                  2 | On Loan: No      |
| MEDLINE BORROWER/MEDL CO              | Medline Borrower LP/Medline Co-Issuer Inc                                       | CUSIP: 58506DAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    450000 | PA      | $462840.30    | 0.09%             | 2029-04-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| MOLINA HEALTHCARE INC                 | Molina Healthcare Inc                                                           | CUSIP: 60855RAM2<br>LEI: 549300NQQCEQ46YHZ591 | Long             | DBT              | CORP              | US        |    350000 | PA      | $356483.27    | 0.07%             | 2033-01-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| UNITED WHOLESALE MTGE LL              | United Wholesale Mortgage LLC                                                   | CUSIP: 913229AC4<br>LEI: 549300HW662MN1WU8550 | Long             | DBT              | CORP              | US        |    700000 | PA      | $698765.27    | 0.14%             | 2027-06-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| UNIVISION COMMUNICATIONS              | Univision Communications Inc                                                    | CUSIP: 914906AY8<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |    500000 | PA      | $507804.50    | 0.10%             | 2028-08-15      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| NCR VOYIX CORP                        | NCR Corp                                                                        | CUSIP: 62886EBA5<br>LEI: 549300YKTY8JX1DV2R67 | Long             | DBT              | CORP              | US        |    607000 | PA      | $598379.02    | 0.12%             | 2029-04-15      | Fixed         | 5.13%                 | Yes           |                  2 | On Loan: No      |
| NABORS INDUSTRIES INC                 | Nabors Industries Inc                                                           | CUSIP: 62957HAP0<br>LEI: 549300VFQWRKICUFNU92 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $958293.43    | 0.20%             | 2030-01-31      | Fixed         | 9.13%                 | Yes           |                  2 | On Loan: No      |
| OLYMPUS WTR US HLDG CORP              | Olympus Water US Holding Corp                                                   | CUSIP: 681639AD2<br>LEI: 549300YU2GGVCBN3MY89 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1020840.00   | 0.21%             | 2031-06-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| 1011778 BC / NEW RED FIN              | 1011778 BC ULC / New Red Finance Inc                                            | CUSIP: 68245XAP4<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    375000 | PA      | $357484.28    | 0.07%             | 2029-02-15      | Fixed         | 3.50%                 | Yes           |                  2 | On Loan: No      |
| ASCENT RESOURCES/ARU FIN              | Ascent Resources Utica Holdings LLC / ARU Finance Corp                          | CUSIP: 04364VBA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    375000 | PA      | $380684.09    | 0.08%             | 2033-07-15      | Fixed         | 6.63%                 | Yes           |                  2 | On Loan: No      |
| AVANTOR FUNDING INC                   | Avantor Funding Inc                                                             | CUSIP: 05352TAA7<br>LEI: 5493003VM0XB4U8YD238 | Long             | DBT              | CORP              | US        |   1975000 | PA      | $1940791.22   | 0.40%             | 2028-07-15      | Fixed         | 4.63%                 | Yes           |                  2 | On Loan: No      |
| MATCH GROUP HLD II LLC                | Match Group Inc                                                                 | CUSIP: 57665RAL0<br>LEI: 5493003RFFE030RC9167 | Long             | DBT              | CORP              | US        |   1350000 | PA      | $1263358.76   | 0.26%             | 2030-08-01      | Fixed         | 4.13%                 | Yes           |                  2 | On Loan: No      |
| NCR VOYIX CORP                        | NCR Corp                                                                        | CUSIP: 62886EAY4<br>LEI: 549300YKTY8JX1DV2R67 | Long             | DBT              | CORP              | US        |   1050000 | PA      | $1040217.05   | 0.21%             | 2028-10-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| 1011778 BC / NEW RED FIN              | 1011778 BC ULC / New Red Finance Inc                                            | CUSIP: 68245XAR0<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    325000 | PA      | $333615.43    | 0.07%             | 2029-06-15      | Fixed         | 6.13%                 | Yes           |                  2 | On Loan: No      |
| OPAL BIDCO SAS                        | OPAL BIDCO                                                                      | CUSIP: 68348BAA1<br>LEI: 969500R96XT7XY2UJ564 | Long             | DBT              | CORP              | FR        |   1350000 | PA      | $1378705.05   | 0.28%             | 2032-03-31      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| AXALTA COAT/DUTCH HLD BV              | Axalta Coating Systems LLC / Axalta Coating Systems Dutch Holding B BV          | CUSIP: 05454NAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    600000 | PA      | $596730.96    | 0.12%             | 2027-06-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| AXALTA COATING SYSTEMS D              | Axalta Coating Systems Dutch Holding B BV                                       | CUSIP: 05455JAA5<br>LEI: 5493007DMEBZH3CQ5E51 | Long             | DBT              | CORP              | NL        |    150000 | PA      | $158330.57    | 0.03%             | 2031-02-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| VISTRA OPERATIONS CO LLC              | Vistra Operations Co LLC                                                        | CUSIP: 92840VAB8<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |   1175000 | PA      | $1176538.08   | 0.24%             | 2027-02-15      | Fixed         | 5.63%                 | Yes           |                  2 | On Loan: No      |
| AUDACY CAPITAL                        | AUDACY CAPITAL                                                                  | CUSIP: 000000000<br>LEI: 549300S5JUSXRHNCHD80 | N/A              | DE               |  | US        |       947 | NS      | $9.47         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| WESCO DISTRIBUTION INC                | WESCO Distribution Inc                                                          | CUSIP: 95081QAQ7<br>LEI: 549300I2CEZJG9N4AH67 | Long             | DBT              | CORP              | US        |    625000 | PA      | $643801.25    | 0.13%             | 2029-03-15      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| AUDACY CAPITAL                        | AUDACY CAPITAL                                                                  | CUSIP: 000000000<br>LEI: 549300S5JUSXRHNCHD80 | N/A              | DE               |  | US        |      5680 | NS      | $56.80        | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| CAESARS ENTERTAIN INC                 | Caesars Entertainment Inc                                                       | CUSIP: 12769GAC4<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |    550000 | PA      | $564707.42    | 0.12%             | 2032-02-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| CLOUD SOFTWARE GRP INC                | Cloud Software Group Inc                                                        | CUSIP: 18912UAC6<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |    675000 | PA      | $718982.33    | 0.15%             | 2032-06-30      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| NEXSTAR MEDIA INC                     | Nexstar Broadcasting Inc                                                        | CUSIP: 65336YAN3<br>LEI: 5493006PK6I4I2OOT688 | Long             | DBT              | CORP              | US        |    550000 | PA      | $536110.30    | 0.11%             | 2028-11-01      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| 1011778 BC / NEW RED FIN              | 1011778 BC ULC / New Red Finance Inc                                            | CUSIP: 68245XAJ8<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |   1000000 | PA      | $981590.40    | 0.20%             | 2028-01-15      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| OPEN TEXT CORP                        | Open Text Corp                                                                  | CUSIP: 683715AF3<br>LEI: 549300HP7ONDQODZJV16 | Long             | DBT              | CORP              | CA        |   1200000 | PA      | $1243346.40   | 0.25%             | 2027-12-01      | Fixed         | 6.90%                 | Yes           |                  2 | On Loan: No      |
| OWENS-BROCKWAY                        | Owens-Brockway Glass Container Inc                                              | CUSIP: 69073TAU7<br>LEI: V2UQUCDZJ9WY98W8QU33 | Long             | DBT              | CORP              | US        |    525000 | PA      | $538682.55    | 0.11%             | 2031-05-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| CLYDESDALE ACQUISITION                | Clydesdale Acquisition Holdings Inc                                             | CUSIP: 18972EAB1<br>LEI: 254900QKSDYFR3K5YD98 | Long             | DBT              | CORP              | US        |   2425000 | PA      | $2482021.45   | 0.51%             | 2030-04-15      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| CLYDESDALE ACQUISITION                | Clydesdale Acquisition Holdings Inc                                             | CUSIP: 18972EAD7<br>LEI: 254900QKSDYFR3K5YD98 | Long             | DBT              | CORP              | US        |   1400000 | PA      | $1437651.40   | 0.29%             | 2032-04-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| CONSENSUS CLOUD SOLUTION              | Consensus Cloud Solutions Inc                                                   | CUSIP: 20848VAB1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1725000 | PA      | $1717688.24   | 0.35%             | 2028-10-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| ELLUCIAN HOLDINGS INC                 | Ellucian Holdings Inc                                                           | CUSIP: 289178AA3<br>LEI: 549300RP8NIJ7FY7OS79 | Long             | DBT              | CORP              | US        |    500000 | PA      | $512597.00    | 0.10%             | 2029-12-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| PRESTIGE BRANDS INC                   | Prestige Brands Inc                                                             | CUSIP: 74112BAM7<br>LEI: 549300JBVP4J6D42I235 | Long             | DBT              | CORP              | US        |    800000 | PA      | $737732.64    | 0.15%             | 2031-04-01      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| SPX FLOW INC                          | Redwood Star Merger Sub Inc                                                     | CUSIP: 758071AA2<br>LEI: 5493003YXEKRBINIEM78 | Long             | DBT              | CORP              | US        |   2300000 | PA      | $2388336.10   | 0.49%             | 2030-04-01      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| OPEN TEXT CORP                        | Open Text Corp                                                                  | CUSIP: 683715AC0<br>LEI: 549300HP7ONDQODZJV16 | Long             | DBT              | CORP              | CA        |    575000 | PA      | $558158.70    | 0.11%             | 2028-02-15      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| OPEN TEXT INC                         | Open Text Holdings Inc                                                          | CUSIP: 683720AC0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    550000 | PA      | $506886.27    | 0.10%             | 2031-12-01      | Fixed         | 4.13%                 | Yes           |                  2 | On Loan: No      |
| ROCKET COS INC                        | Rocket Cos Inc                                                                  | CUSIP: 77311WAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     75000 | PA      | $76474.13     | 0.02%             | 2030-08-01      | Fixed         | 6.13%                 | Yes           |                  2 | On Loan: No      |
| ROCKETMTGE CO-ISSUER INC              | Rocket Mortgage LLC / Rocket Mortgage Co-Issuer Inc                             | CUSIP: 77313LAB9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    450000 | PA      | $402911.17    | 0.08%             | 2033-10-15      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| SNF GROUP SACA                        | SPCM SA                                                                         | CUSIP: 7846ELAE7<br>LEI: 969500F7036FEDYPRV54 | Long             | DBT              | CORP              | FR        |   1600000 | PA      | $1477741.12   | 0.30%             | 2030-03-15      | Fixed         | 3.38%                 | Yes           |                  2 | On Loan: No      |
| SEAGATE HDD CAYMAN                    | Seagate HDD Cayman                                                              | CUSIP: 81180WBN0<br>LEI: 529900BD50TRWEG1SF63 | Long             | DBT              | CORP              | KY        |    700000 | PA      | $747248.60    | 0.15%             | 2029-12-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| Ford Motor Credit Co LLC              | Ford Motor Credit Co LLC                                                        | CUSIP: 345397XU2<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    225000 | PA      | $224024.92    | 0.05%             | 2026-01-08      | Fixed         | 4.39%                 | No            |                  2 | On Loan: No      |
| BOOST NEWCO BORROWER LLC              | GTCR W-2 Merger Sub LLC                                                         | CUSIP: 36268NAA8<br>LEI: 254900S8RE1OL7TTCU64 | Long             | DBT              | CORP              | US        |   1950000 | PA      | $2071338.75   | 0.42%             | 2031-01-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| OUTFRONT MEDIA CAP LLC/C              | Outfront Media Capital LLC / Outfront Media Capital Corp                        | CUSIP: 69007TAC8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    300000 | PA      | $286746.57    | 0.06%             | 2030-03-15      | Fixed         | 4.63%                 | Yes           |                  2 | On Loan: No      |
| OUTFRONT MEDIA CAP LLC/C              | Outfront Media Capital LLC / Outfront Media Capital Corp                        | CUSIP: 69007TAE4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2700000 | PA      | $2584706.49   | 0.53%             | 2029-01-15      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| SENSATA TECHNOLOGIES BV               | Sensata Technologies BV                                                         | CUSIP: 81725WAL7<br>LEI: PUCKW5P5O3XMOZVH7T53 | Long             | DBT              | CORP              | NL        |    875000 | PA      | $876899.63    | 0.18%             | 2030-09-01      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| SHIFT4 PAYMENTS LLC/FIN               | Shift4 Payments LLC / Shift4 Payments Finance Sub Inc                           | CUSIP: 82453AAB3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    300000 | PA      | $311758.20    | 0.06%             | 2032-08-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| GARDA WORLD SECURITY                  | Garda World Security Corp                                                       | CUSIP: 36485MAP4<br>LEI: 549300ZF1NDXLMCHNO20 | Long             | DBT              | CORP              | CA        |   2350000 | PA      | $2415973.90   | 0.49%             | 2032-11-15      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| GROUP 1 AUTOMOTIVE INC                | Group 1 Automotive Inc                                                          | CUSIP: 398905AQ2<br>LEI: 549300US8QAZJLWYAF63 | Long             | DBT              | CORP              | US        |    250000 | PA      | $257184.50    | 0.05%             | 2030-01-15      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| SINCLAIR TELEVISION GROU              | Sinclair Television Group Inc                                                   | CUSIP: 829259BF6<br>LEI: 549300CQGEN0CH65UD62 | Long             | DBT              | CORP              | US        |    150000 | PA      | $105516.00    | 0.02%             | 2032-12-31      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                 | Tenet Healthcare Corp                                                           | CUSIP: 88033GDM9<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |    750000 | PA      | $727932.60    | 0.15%             | 2029-06-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| HILTON DOMESTIC OPERATIN              | Hilton Domestic Operating Co Inc                                                | CUSIP: 432833AF8<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |    400000 | PA      | $398459.24    | 0.08%             | 2030-01-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| IRON MOUNTAIN INC                     | Iron Mountain Inc                                                               | CUSIP: 46284VAQ4<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              |  | US        |   1000000 | PA      | $1028906.00   | 0.21%             | 2033-01-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| OUTFRONT MEDIA CAP LLC/C              | Outfront Media Capital LLC / Outfront Media Capital Corp                        | CUSIP: 69007TAG9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    950000 | PA      | $1006500.30   | 0.21%             | 2031-02-15      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| OWENS-BROCKWAY                        | Owens-Brockway Glass Container Inc                                              | CUSIP: 69073TAV5<br>LEI: V2UQUCDZJ9WY98W8QU33 | Long             | DBT              | CORP              | US        |    575000 | PA      | $586546.58    | 0.12%             | 2032-06-01      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| CLARIOS GLOBAL LP/US FIN              | Panther BF Aggregator 2 LP / Panther Finance Co Inc                             | CUSIP: 69867DAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |   6575000 | PA      | $6616126.63   | 1.36%             | 2027-05-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| PENN ENTERTAINMENT INC                | Penn National Gaming Inc                                                        | CUSIP: 707569AV1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    625000 | PA      | $579520.63    | 0.12%             | 2029-07-01      | Fixed         | 4.13%                 | Yes           |                  2 | On Loan: No      |
| RHP HOTEL PPTY/RHP FINAN              | RHP Hotel Properties LP / RHP Finance Corp                                      | CUSIP: 749571AJ4<br>LEI: N/A                  | Long             | DBT              |  | US        |   1100000 | PA      | $1139371.09   | 0.23%             | 2028-07-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| RHP HOTEL PPTY/RHP FINAN              | RHP Hotel Properties LP / RHP Finance Corp                                      | CUSIP: 749571AL9<br>LEI: N/A                  | Long             | DBT              |  | US        |    150000 | PA      | $154405.65    | 0.03%             | 2033-06-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| ROCKET COS INC                        | Rocket Cos Inc                                                                  | CUSIP: 77311WAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    400000 | PA      | $409780.21    | 0.08%             | 2033-08-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| ROCKETMTGE CO-ISSUER INC              | Rocket Mortgage LLC / Rocket Mortgage Co-Issuer Inc                             | CUSIP: 77313LAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1800000 | PA      | $1756691.10   | 0.36%             | 2026-10-15      | Fixed         | 2.88%                 | Yes           |                  2 | On Loan: No      |
| TERRAFORM POWER OPERATIN              | TerraForm Power Operating LLC                                                   | CUSIP: 88104LAE3<br>LEI: 5493000S2OLR3UT5BE13 | Long             | DBT              | CORP              | US        |   1725000 | PA      | $1708603.36   | 0.35%             | 2028-01-31      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| COHERENT CORP                         | II-VI Inc                                                                       | CUSIP: 902104AC2<br>LEI: 549300O5C25A0MMHHU33 | Long             | DBT              | CORP              | US        |   1800000 | PA      | $1769709.78   | 0.36%             | 2029-12-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| UNITED RENTALS NORTH AM               | United Rentals North America Inc                                                | CUSIP: 911365BN3<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |    650000 | PA      | $620705.93    | 0.13%             | 2030-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| UNITED WHOLESALE MTGE LL              | United Shore Financial Services LLC                                             | CUSIP: 91153LAA5<br>LEI: 549300HW662MN1WU8550 | Long             | DBT              | CORP              | US        |    750000 | PA      | $750395.33    | 0.15%             | 2025-11-15      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| ROCKET SOFTWARE INC                   | Rocket Software Inc                                                             | CUSIP: 77314EAA6<br>LEI: 549300PVG26ISP5X1556 | Long             | DBT              | CORP              | US        |   2925000 | PA      | $2840969.14   | 0.58%             | 2029-02-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| ROCKET SOFTWARE INC                   | Rocket Software Inc                                                             | CUSIP: 77314EAB4<br>LEI: 549300PVG26ISP5X1556 | Long             | DBT              | CORP              | US        |    575000 | PA      | $593221.80    | 0.12%             | 2028-11-28      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| ROCKIES EXPRESS PIPELINE              | ROCKIES EXPRESS PIPELINE                                                        | CUSIP: 77340RAU1<br>LEI: W2ZGZGZKY5GGNY6F3V51 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1044919.00   | 0.21%             | 2033-03-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| SS&C Technologies Inc                 | SS&C Technologies Inc                                                           | CUSIP: 78466CAC0<br>LEI: 549300KY09TR3J12JU49 | Long             | DBT              | CORP              | US        |   2650000 | PA      | $2654165.80   | 0.54%             | 2027-09-30      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| SALLY HOLDINGS/SALLY CAP              | Sally Holdings LLC / Sally Capital Inc                                          | CUSIP: 79546VAQ9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1400000 | PA      | $1438469.20   | 0.29%             | 2032-03-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| SCIENCE APPLICATIONS INT              | Science Applications International Corp                                         | CUSIP: 808625AA5<br>LEI: 549300LZPNZIXQGZPZ48 | Long             | DBT              | CORP              | US        |   1450000 | PA      | $1428425.74   | 0.29%             | 2028-04-01      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| LIGHT & WONDER INTL INC               | Scientific Games International Inc                                              | CUSIP: 80874YBE9<br>LEI: RLTHESQ0RNFQJWPBJN60 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1546321.07   | 0.32%             | 2029-11-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| SELECT MEDICAL CORP                   | Select Medical Corp                                                             | CUSIP: 816196AV1<br>LEI: 549300X05KS0JKR8CB50 | Long             | DBT              | CORP              | US        |   1650000 | PA      | $1660941.15   | 0.34%             | 2032-12-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| UNIVISION COMMUNICATIONS              | Univision Communications Inc                                                    | CUSIP: 914906AV4<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |   1950000 | PA      | $1774844.64   | 0.36%             | 2029-05-01      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| UNIVISION COMMUNICATIONS              | Univision Communications Inc                                                    | CUSIP: 914906AX0<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |    825000 | PA      | $811391.71    | 0.17%             | 2030-06-30      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| VICI PROPERTIES / NOTE                | VICI Properties LP / VICI Note Co Inc                                           | CUSIP: 92564RAA3<br>LEI: N/A                  | Long             | DBT              |  | US        |    650000 | PA      | $646263.70    | 0.13%             | 2026-12-01      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| VISTRA OPERATIONS CO LLC              | Vistra Operations Co LLC                                                        | CUSIP: 92840VAP7<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |   1325000 | PA      | $1409208.39   | 0.29%             | 2031-10-15      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| VMED O2 UK FINAN                      | Vmed O2 UK Financing I PLC                                                      | CUSIP: 92858RAA8<br>LEI: 213800MRR46ECNGZ7L69 | Long             | DBT              | CORP              | GB        |   1075000 | PA      | $985500.02    | 0.20%             | 2031-01-31      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| VMED O2 UK FINAN                      | Vmed O2 UK Financing I PLC                                                      | CUSIP: 92858RAB6<br>LEI: 213800MRR46ECNGZ7L69 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $185130.26    | 0.04%             | 2031-07-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| MITER BRAND / MIWD BORR               | Miter Brands Acquisition Holdco Inc / MIWD Borrower LLC                         | CUSIP: 60672JAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1300000 | PA      | $1334168.36   | 0.27%             | 2032-04-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| NEXSTAR MEDIA INC                     | Nexstar Escrow Inc                                                              | CUSIP: 65343HAA9<br>LEI: 5493006PK6I4I2OOT688 | Long             | DBT              | CORP              | US        |    650000 | PA      | $648898.63    | 0.13%             | 2027-07-15      | Fixed         | 5.63%                 | Yes           |                  2 | On Loan: No      |
| SENSATA TECHNOLOGIES INC              | Sensata Technologies Inc                                                        | CUSIP: 81728UAB0<br>LEI: 5493002MMDDCUNV7NY90 | Long             | DBT              | CORP              | US        |    125000 | PA      | $114060.86    | 0.02%             | 2031-02-15      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| SIRIUS XM RADIO LLC                   | Sirius XM Radio Inc                                                             | CUSIP: 82967NBC1<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |    725000 | PA      | $720694.04    | 0.15%             | 2029-07-01      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| SIRIUS XM RADIO LLC                   | Sirius XM Radio Inc                                                             | CUSIP: 82967NBL1<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |    375000 | PA      | $368210.48    | 0.08%             | 2026-09-01      | Fixed         | 3.13%                 | Yes           |                  2 | On Loan: No      |
| SIRIUS XM RADIO LLC                   | Sirius XM Radio Inc                                                             | CUSIP: 82967NBM9<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |   1750000 | PA      | $1556694.93   | 0.32%             | 2031-09-01      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| ORGANON & CO/ORGANON FOR              | Organon Finance 1 LLC                                                           | CUSIP: 68622TAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1750000 | PA      | $1520199.96   | 0.31%             | 2031-04-30      | Fixed         | 5.13%                 | Yes           |                  2 | On Loan: No      |
| PANTHER ESCROW ISSUER                 | Panther Escrow Issuer LLC                                                       | CUSIP: 69867RAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3125000 | PA      | $3248143.75   | 0.67%             | 2031-06-01      | Fixed         | 7.13%                 | Yes           |                  2 | On Loan: No      |
| EXPAND ENERGY CORP                    | Southwestern Energy Co                                                          | CUSIP: 845467AS8<br>LEI: EFWMP121W54QV9MGOP87 | Long             | DBT              | CORP              | US        |    225000 | PA      | $225790.65    | 0.05%             | 2030-03-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| STATION CASINOS LLC                   | Station Casinos LLC                                                             | CUSIP: 857691AG4<br>LEI: 5493004E7Q60TX54WL62 | Long             | DBT              | CORP              | US        |   1425000 | PA      | $1398251.25   | 0.29%             | 2028-02-15      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| SM ENERGY CO                          | SM Energy Co                                                                    | CUSIP: 78454LAY6<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | DBT              | CORP              | US        |    675000 | PA      | $665838.65    | 0.14%             | 2032-08-01      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| CLOUD SOFTWARE GRP INC                | Picard Midco Inc                                                                | CUSIP: 88632QAE3<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |   1725000 | PA      | $1742177.55   | 0.36%             | 2029-03-31      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| STATION CASINOS LLC                   | Station Casinos LLC                                                             | CUSIP: 857691AJ8<br>LEI: 5493004E7Q60TX54WL62 | Long             | DBT              | CORP              | US        |    650000 | PA      | $665039.16    | 0.14%             | 2032-03-15      | Fixed         | 6.63%                 | Yes           |                  2 | On Loan: No      |
| TARGA RESOURCES PARTNERS              | Targa Resources Partners LP / Targa Resources Partners Finance Corp             | CUSIP: 87612BBQ4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    800000 | PA      | $812085.28    | 0.17%             | 2030-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                 | Tenet Healthcare Corp                                                           | CUSIP: 88033GDB3<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |    400000 | PA      | $399620.08    | 0.08%             | 2027-11-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                 | Tenet Healthcare Corp                                                           | CUSIP: 88033GDK3<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |   1075000 | PA      | $1077177.85   | 0.22%             | 2028-10-01      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| UNITED RENTALS NORTH AM               | United Rentals North America Inc                                                | CUSIP: 911365BL7<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |   1300000 | PA      | $1304339.40   | 0.27%             | 2030-01-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                 | TENET HEALTHCARE CORP                                                           | CUSIP: 88033GDS6<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |    750000 | PA      | $750439.84    | 0.15%             | 2027-02-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| TERRAFORM POWER OPERATIN              | TerraForm Power Operating LLC                                                   | CUSIP: 88104LAG8<br>LEI: 5493000S2OLR3UT5BE13 | Long             | DBT              | CORP              | US        |   1575000 | PA      | $1508907.49   | 0.31%             | 2030-01-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| WMG ACQUISITION CORP                  | WMG Acquisition Corp                                                            | CUSIP: 92933BAT1<br>LEI: 549300NAS11NXI33CP80 | Long             | DBT              | CORP              | US        |    400000 | PA      | $375267.72    | 0.08%             | 2029-12-01      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| WR GRACE HOLDING LLC                  | WR Grace Holdings LLC                                                           | CUSIP: 92943GAE1<br>LEI: 549300WNOVFRGYOAEB12 | Long             | DBT              | CORP              | US        |    250000 | PA      | $256198.25    | 0.05%             | 2031-03-01      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| WHIRLPOOL CORP                        | Whirlpool Corp                                                                  | CUSIP: 963320BE5<br>LEI: WHENKOULSSK7WUM60H03 | Long             | DBT              | CORP              | US        |   1750000 | PA      | $1757248.97   | 0.36%             | 2033-06-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| YUM! BRANDS INC                       | Yum! Brands Inc                                                                 | CUSIP: 988498AR2<br>LEI: 549300JE8XHZZ7OHN517 | Long             | DBT              | CORP              | US        |    250000 | PA      | $250453.00    | 0.05%             | 2032-04-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| TRANSALTA CORP                        | TransAlta Corp                                                                  | CUSIP: 89346DAH0<br>LEI: GJZNVO2UY6DNFNIYH321 | Long             | DBT              | CORP              | CA        |   1475000 | PA      | $1550676.35   | 0.32%             | 2029-11-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                         | TransDigm Inc                                                                   | CUSIP: 893647BR7<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |    450000 | PA      | $460075.50    | 0.09%             | 2028-08-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| TRANSDIGM INC                         | TransDigm Inc                                                                   | CUSIP: 893647BV8<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |   1825000 | PA      | $1891874.39   | 0.39%             | 2032-03-01      | Fixed         | 6.63%                 | Yes           |                  2 | On Loan: No      |
| TRIVIUM PACKAGING FIN                 | Trivium Packaging Finance BV                                                    | CUSIP: 89686QAC0<br>LEI: 724500GMZWW3PVYET548 | Long             | DBT              | CORP              | NL        |   2050000 | PA      | $2199043.20   | 0.45%             | 2031-01-15      | Fixed         | 12.25%                | Yes           |                  2 | On Loan: No      |
| US FOODS INC                          | US Foods Inc                                                                    | CUSIP: 90290MAD3<br>LEI: 5493000JOOFAOUY1JZ87 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1229257.75   | 0.25%             | 2029-02-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| US FOODS INC                          | US Foods Inc                                                                    | CUSIP: 90290MAE1<br>LEI: 5493000JOOFAOUY1JZ87 | Long             | DBT              | CORP              | US        |    400000 | PA      | $389880.59    | 0.08%             | 2030-06-01      | Fixed         | 4.63%                 | Yes           |                  2 | On Loan: No      |
| UNITED RENTALS NORTH AM               | United Rentals North America Inc                                                | CUSIP: 911365BG8<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |    950000 | PA      | $946852.46    | 0.19%             | 2028-01-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| UNITED RENTALS NORTH AM               | United Rentals North America Inc                                                | CUSIP: 911365BQ6<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |    925000 | PA      | $948064.88    | 0.19%             | 2029-12-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| VZ SECURED FINANCING BV               | VZ Secured Financing BV                                                         | CUSIP: 91845AAA3<br>LEI: 549300MG611MYCOWY949 | Long             | DBT              | CORP              | NL        |   1525000 | PA      | $1357933.81   | 0.28%             | 2032-01-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| VICI PROPERTIES / NOTE                | VICI Properties LP / VICI Note Co Inc                                           | CUSIP: 92564RAB1<br>LEI: N/A                  | Long             | DBT              |  | US        |    500000 | PA      | $491428.14    | 0.10%             | 2029-12-01      | Fixed         | 4.63%                 | Yes           |                  2 | On Loan: No      |
| VIRGIN MEDIA FINANCE PLC              | Virgin Media Finance PLC                                                        | CUSIP: 92769VAJ8<br>LEI: 2138001LVYC87DDHT482 | Long             | DBT              | CORP              | GB        |   1100000 | PA      | $1006159.66   | 0.21%             | 2030-07-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| VIRGIN MEDIA VEND FIN IV              | Dolya Holdco 18 DAC                                                             | CUSIP: 92770QAA5<br>LEI: 635400ZZNJSEA4CAJR23 | Long             | DBT              | CORP              | IE        |   1550000 | PA      | $1518458.43   | 0.31%             | 2028-07-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| WR GRACE HOLDING LLC                  | WR Grace Holdings LLC                                                           | CUSIP: 92943GAA9<br>LEI: 549300WNOVFRGYOAEB12 | Long             | DBT              | CORP              | US        |    925000 | PA      | $838166.65    | 0.17%             | 2029-08-15      | Fixed         | 5.63%                 | Yes           |                  2 | On Loan: No      |
| WHIRLPOOL CORP                        | Whirlpool Corp                                                                  | CUSIP: 963320BD7<br>LEI: WHENKOULSSK7WUM60H03 | Long             | DBT              | CORP              | US        |    250000 | PA      | $252355.94    | 0.05%             | 2030-06-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| WHITE CAP BUYER LLC                   | White Cap Buyer LLC                                                             | CUSIP: 96350RAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2100000 | PA      | $2098410.51   | 0.43%             | 2028-10-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| WYNN RESORTS FINANCE LLC              | Wynn Resorts Finance LLC / Wynn Resorts Capital Corp                            | CUSIP: 983133AC3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1125000 | PA      | $1200471.75   | 0.25%             | 2031-02-15      | Fixed         | 7.13%                 | Yes           |                  2 | On Loan: No      |
| XHR LP                                | XHR LP                                                                          | CUSIP: 98372MAE5<br>LEI: 549300M88BPT83ZL2164 | Long             | DBT              |  | US        |   1400000 | PA      | $1428163.80   | 0.29%             | 2030-05-15      | Fixed         | 6.63%                 | Yes           |                  2 | On Loan: No      |
| XPLR INFRAST OPERATING                | XPLR Infrastructure Operating Partners LP                                       | CUSIP: 98380MAA3<br>LEI: 549300KJEC5IUVJWR786 | Long             | DBT              | CORP              | US        |    950000 | PA      | $1015439.80   | 0.21%             | 2031-01-15      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| XPLR INFRAST OPERATING                | XPLR Infrastructure Operating Partners LP                                       | CUSIP: 98380MAB1<br>LEI: 549300KJEC5IUVJWR786 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1179801.70   | 0.24%             | 2033-03-15      | Fixed         | 8.63%                 | Yes           |                  2 | On Loan: No      |
| YUM! BRANDS INC                       | Yum! Brands Inc                                                                 | CUSIP: 988498AL5<br>LEI: 549300JE8XHZZ7OHN517 | Long             | DBT              | CORP              | US        |    350000 | PA      | $347082.96    | 0.07%             | 2030-01-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| YUM! BRANDS INC                       | Yum! Brands Inc                                                                 | CUSIP: 988498AP6<br>LEI: 549300JE8XHZZ7OHN517 | Long             | DBT              | CORP              | US        |   1825000 | PA      | $1758975.52   | 0.36%             | 2032-01-31      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| ZEBRA TECHNOLOGIES CORP               | Zebra Technologies Corp                                                         | CUSIP: 989207AD7<br>LEI: PO0I32GKZ3HZMMDPZZ08 | Long             | DBT              | CORP              | US        |    350000 | PA      | $360133.20    | 0.07%             | 2032-06-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| ZIGGO BV                              | Ziggo BV                                                                        | CUSIP: 98955DAA8<br>LEI: 213800TQASLF9JXH5J59 | Long             | DBT              | CORP              | NL        |   2000000 | PA      | $1870257.20   | 0.38%             | 2030-01-15      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-22

**Name of Applicant:** Federated Hermes Sustainable High Yield Bond Fund, Inc.

**Signature:** Stephen Van Meter

**Name of Signer:** Federated Hermes Sustainable High Yield Bond Fund, Inc.

**Title:** Chief Compliance Officer