# EDGAR Filing Document

**Accession Number:** 0001009012
**File Stem:** 0001009012-23-000002
**Filing Date:** 2023-1
**Character Count:** 18557
**Document Hash:** 322b707a7a2da765f27f58f6fa860689
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001009012-23-000002.hdr.sgml**: 20230131

**ACCESSION NUMBER**: 0001009012-23-000002

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230131

**DATE AS OF CHANGE**: 20230131

**EFFECTIVENESS DATE**: 20230131

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ZAZOVE ASSOCIATES LLC
- **CENTRAL INDEX KEY:** 0001009012
- **IRS NUMBER:** 363984373
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-05338
- **FILM NUMBER:** 23570602

**BUSINESS ADDRESS:**
- **STREET 1:** 1001 TAHOE BLVD.
- **CITY:** INCLINE VILLAGE
- **STATE:** NV
- **ZIP:** 89451
- **BUSINESS PHONE:** 77529897500

**MAIL ADDRESS:**
- **STREET 1:** 1001 TAHOE BLVD.
- **CITY:** INCLINE VILLAGE
- **STATE:** NV
- **ZIP:** 89451

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2022

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** ZAZOVE ASSOCIATES LLC<br>**Address:** 1001 TAHOE BLVD.<br>INCLINE VILLAGE, NV 89451

**Form 13F File Number:** 028-05338

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Sam Ginocchio<br>**Title:** Chief Compliance Officer<br>**Phone:** 5133072513

**Signature, Place, and Date of Signing:**

Sam Ginocchio  Cincinnati, OH  01-31-2023<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 149

**Form 13F Information Table Value Total:** $1081136

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| ALIGHT | COM CL A | 01626W101 |  | 209 | 25000 | SH |  | SOLE |  | 25000 | 0 | 0 |
| ANTERO MIDSTREAM | COM | 03676B102 |  | 2428 | 225000 | SH |  | SOLE |  | 225000 | 0 | 0 |
| APOLLO SENIOR FLOATING RATE | COM | 037636107 |  | 179 | 14507 | SH |  | SOLE |  | 14507 | 0 | 0 |
| BRC | COM CL A | 05601U105 |  | 642 | 105000 | SH |  | SOLE |  | 105000 | 0 | 0 |
| BANK OF AMERICA | 7.25%CNV PFD L | 060505682 |  | 15232 | 13075 | SH |  | SOLE |  | 13075 | 0 | 0 |
| BAUSCH HEALTH | COM | 071734107 |  | 1300 | 207000 | SH |  | SOLE |  | 207000 | 0 | 0 |
| BETTER WORLD ACQUISITION | *W EXP 11/15/202 | 08772B112 |  | 5 | 50542 | SH |  | SOLE |  | 50542 | 0 | 0 |
| BLACKROCK FLOATING RATE INCOME STRATEGIES FUND | COM | 09255X100 |  | 431 | 38276 | SH |  | SOLE |  | 38276 | 0 | 0 |
| BOOKING HOLDINGS | COM | 09857L108 |  | 1612 | 800 | SH |  | SOLE |  | 800 | 0 | 0 |
| BRAEMAR HOTELS  RESORTS | COM | 10482B101 |  | 8637 | 2101511 | SH |  | SOLE |  | 2101511 | 0 | 0 |
| BUTTERFLY NETWORK | COM CL A | 124155102 |  | 123 | 50000 | SH |  | SOLE |  | 50000 | 0 | 0 |
| CVR PARTNERS | COM | 126633205 |  | 7714 | 76700 | SH |  | SOLE |  | 76700 | 0 | 0 |
| CANO HEALTH | COM CL A | 13781Y103 |  | 34 | 25000 | SH |  | SOLE |  | 25000 | 0 | 0 |
| CANO HEALTH | *W EXP 06/03/202 | 13781Y111 |  | 1166 | 5238475 | SH |  | SOLE |  | 5238475 | 0 | 0 |
| CLEAR CHANNEL HOLDINGS | COM | 18453H106 |  | 5198 | 4950000 | SH |  | SOLE |  | 4950000 | 0 | 0 |
| CUMULUS MEDIA | COM CL A | 231082801 |  | 7522 | 1211259 | SH |  | SOLE |  | 1211259 | 0 | 0 |
| DIGITAL WORLD ACQUISITION | *W EXP 06/30/202 | 25400Q113 |  | 1316 | 384865 | SH |  | SOLE |  | 384865 | 0 | 0 |
| ENERGY TRANSFER | COM UT LTD PTN | 29273V100 |  | 178 | 15000 | SH |  | SOLE |  | 15000 | 0 | 0 |
| ENTERPRISE PRODUCTS PARTNERS | COM | 293792107 |  | 355 | 14710 | SH |  | SOLE |  | 14710 | 0 | 0 |
| EOS ENERGY ENTERPRISES | *W EXP 11/17/202 | 29415C119 |  | 66 | 253067 | SH |  | SOLE |  | 253067 | 0 | 0 |
| FINANCE OF AMERICA COMPANIES | COM CL A | 31738L107 |  | 135 | 106144 | SH |  | SOLE |  | 106144 | 0 | 0 |
| FINANCE OF AMERICA COMPANIES | *W EXP 04/08/202 | 31738L115 |  | 42 | 502865 | SH |  | SOLE |  | 502865 | 0 | 0 |
| GDL FUND | COM SH BEN IT | 361570104 |  | 2512 | 320357 | SH |  | SOLE |  | 320357 | 0 | 0 |
| GARRETT MOTION | PFD CONV SER A | 366505204 |  | 6655 | 768051 | SH |  | SOLE |  | 768051 | 0 | 0 |
| GENESIS ENERGY | UNIT LTD PARTN | 371927104 |  | 209 | 20500 | SH |  | SOLE |  | 20500 | 0 | 0 |
| GETTY IMAGES HOLDING | CL A COM | 374275105 |  | 1594 | 287221 | SH |  | SOLE |  | 287221 | 0 | 0 |
| GOLDMAN SACHS MLP  ENERGY RENAISSANCE FUND | COM | 38148G206 |  | 1420 | 111150 | SH |  | SOLE |  | 111150 | 0 | 0 |
| GRANITE RIDGE RESOURCES | COM | 387432107 |  | 296 | 32728 | SH |  | SOLE |  | 32728 | 0 | 0 |
| GRANITE RIDGE RESOURCES | *W EXP 10/24/202 | 387432115 |  | 3606 | 3122129 | SH |  | SOLE |  | 3122129 | 0 | 0 |
| HELIX ENERGY SOLUTIONS GROUP | COM | 42330P107 |  | 148 | 20000 | SH |  | SOLE |  | 20000 | 0 | 0 |
| HERTZ GLOBAL | *W EXP 06/30/205 | 42806J148 |  | 2168 | 290749 | SH |  | SOLE |  | 290749 | 0 | 0 |
| INDIE SEMICONDUCTOR | *W EXP 06/10/202 | 45569U119 |  | 536 | 340463 | SH |  | SOLE |  | 340463 | 0 | 0 |
| BLACKROCK ULTRA SHORTTERM BOND (ETF) | BLACKROCK ULTRA | 46434V878 |  | 2344 | 46846 | SH |  | SOLE |  | 46846 | 0 | 0 |
| JASPER THERAPEUTICS | *W EXP 09/24/202 | 471871111 |  | 2 | 65456 | SH |  | SOLE |  | 65456 | 0 | 0 |
| KAYNE ANDERSON MLP INVESTMENT COMPANY | COM | 486606106 |  | 4010 | 468507 | SH |  | SOLE |  | 468507 | 0 | 0 |
| KAYNE ANDERSON MIDSTREAM/ENERGY FUND | COM | 48661E108 |  | 2666 | 355052 | SH |  | SOLE |  | 355052 | 0 | 0 |
| LANDSEA HOMES | COM | 51509P103 |  | 1681 | 322713 | SH |  | SOLE |  | 322713 | 0 | 0 |
| LANDSEA HOMES | *W EXP 01/08/202 | 51509P111 |  | 244 | 2566145 | SH |  | SOLE |  | 2566145 | 0 | 0 |
| MIRION TECHNOLOGIES | *W EXP 10/20/202 | 60471A119 |  | 923 | 824052 | SH |  | SOLE |  | 824052 | 0 | 0 |
| NATIONAL CINEMEDIA | COM | 635309107 |  | 278 | 1264938 | SH |  | SOLE |  | 1264938 | 0 | 0 |
| NEW YORK COMMUNITY BANCORP TRUST | UNIT 05/07/2051 | 64944P307 |  | 897 | 20148 | SH |  | SOLE |  | 20148 | 0 | 0 |
| NUVEEN CREDIT STRATEGIES INCOME FUND | COM SHS | 67073D102 |  | 1482 | 291105 | SH |  | SOLE |  | 291105 | 0 | 0 |
| OCCIDENTAL PETROLEUM | *W EXP 08/03/202 | 674599162 |  | 20555 | 500000 | SH |  | SOLE |  | 500000 | 0 | 0 |
| ONEOK | COM | 682680103 |  | 657 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| OSISKO DEVELOPMENT | COM NEW | 68828E809 |  | 946 | 219985 | SH |  | SOLE |  | 219985 | 0 | 0 |
| PETIQ | COM CL A | 71639T106 |  | 4019 | 435949 | SH |  | SOLE |  | 435949 | 0 | 0 |
| POLESTAR AUTOMOTIVE | ADS C-1 | 731105102 |  | 26 | 24495 | SH |  | SOLE |  | 24495 | 0 | 0 |
| PROSHARES ULTRAPRO SHORT 20 YEAR 3X TREASURY | ULSH 20YRTRE NEW | 74347G887 |  | 1779 | 23100 | SH |  | SOLE |  | 23100 | 0 | 0 |
| PURECYCLE TECHNOLOGIES | *W EXP 03/17/202 | 74623V111 |  | 594 | 210297 | SH |  | SOLE |  | 210297 | 0 | 0 |
| RLJ LODGING TRUST | CUM CONV PFD A | 74965L200 |  | 263 | 11046 | SH |  | SOLE |  | 11046 | 0 | 0 |
| RUMBLE | *W EXP 09/16/202 | 78137L113 |  | 1091 | 852685 | SH |  | SOLE |  | 852685 | 0 | 0 |
| SANDSTORM GOLD | COM NEW | 80013R206 |  | 1460 | 277564 | SH |  | SOLE |  | 277564 | 0 | 0 |
| SIMPLIFY INTEREST RATE HEDGE | SIMPLIFY INTERST | 82889N855 |  | 3751 | 52380 | SH |  | SOLE |  | 52380 | 0 | 0 |
| SOFI TECHNOLOGIES | COM | 83406F102 |  | 742 | 160859 | SH |  | SOLE |  | 160859 | 0 | 0 |
| SUNOPTA | COM | 8676EP108 |  | 2435 | 288539 | SH |  | SOLE |  | 288539 | 0 | 0 |
| BEAUTY HEALTH | COM CL A | 88331L108 |  | 3116 | 342404 | SH |  | SOLE |  | 342404 | 0 | 0 |
| USA COMPRESSION PARTNERS | COMUNIT LTDPAR | 90290N109 |  | 2963 | 151715 | SH |  | SOLE |  | 151715 | 0 | 0 |
| URBAN ONE INC | CL A | 91705J105 |  | 2666 | 585978 | SH |  | SOLE |  | 585978 | 0 | 0 |
| URBAN ONE INC | CL D NON VTG | 91705J204 |  | 9179 | 2441183 | SH |  | SOLE |  | 2441183 | 0 | 0 |
| WESTROCK COFFEE | *W EXP 08/29/202 | 96145W111 |  | 6219 | 2782341 | SH |  | SOLE |  | 2782341 | 0 | 0 |
| ARQIT QUANTUM | *W EXP 09/03/202 | G0567U119 |  | 48 | 89836 | SH |  | SOLE |  | 89836 | 0 | 0 |
| LANVIN GROUP | *W EXP 99/99/999 | G5380J118 |  | 164 | 519256 | SH |  | SOLE |  | 519256 | 0 | 0 |
| MOTIVE CAPITAL | *W EXP 99/99/999 | G6293R114 |  | 5 | 125193 | SH |  | SOLE |  | 125193 | 0 | 0 |
| NWTN | *W EXP 12/31/202 | G6693P114 |  | 18 | 64571 | SH |  | SOLE |  | 64571 | 0 | 0 |
| PAYSAFE | *W EXP 03/30/202 | G6964L115 |  | 31 | 546914 | SH |  | SOLE |  | 546914 | 0 | 0 |
| VAHANNA TECH EDGE ACQUISITION | *W EXP 11/30/202 | G9320Z117 |  | 2 | 150602 | SH |  | SOLE |  | 150602 | 0 | 0 |
| FREYR BATTERY | *W EXP 09/01/202 | L4135L118 |  | 691 | 246388 | SH |  | SOLE |  | 246388 | 0 | 0 |
| AIRBNB | NOTE 3/1 | 009066AB7 |  | 6089 | 7350000 | PRN |  | SOLE |  | 0 | 0 | 0 |
| AIR TRANSPORT SERVICES GROUP | NOTE 1.125%10/1 | 00922RAB1 |  | 22958 | 22633000 | PRN |  | SOLE |  | 0 | 0 | 0 |
| AKAMAI TECHNOLOGIES | NOTE 0.125% 5/0 | 00971TAJ0 |  | 8469 | 8010000 | PRN |  | SOLE |  | 0 | 0 | 0 |
| AKAMAI TECHNOLOGIES | NOTE 0.375% 9/0 | 00971TAL5 |  | 69486 | 71545000 | PRN |  | SOLE |  | 0 | 0 | 0 |
| ALGONQUIN POWER AND UTILITIES | UNIT 06/15/2024 | 015857873 |  | 663 | 27700 | PRN |  | SOLE |  | 0 | 0 | 0 |
| ALPHATEC HOLDINGS | NOTE 0.750% 8/0 | 02081GAB8 |  | 3909 | 4280000 | PRN |  | SOLE |  | 0 | 0 | 0 |
| ARES CAPITAL | NOTE 4.625% 3/0 | 04010LAW3 |  | 6931 | 6521000 | PRN |  | SOLE |  | 0 | 0 | 0 |
| ATLAS AIR WORLDWIDE HOLDINGS | NOTE 1.875% 6/0 | 049164BJ4 |  | 1669 | 1000000 | PRN |  | SOLE |  | 0 | 0 | 0 |
| BILL.COM HOLDINGS | NOTE 12/0 | 090043AB6 |  | 19481 | 18925000 | PRN |  | SOLE |  | 0 | 0 | 0 |
| BOOKING HOLDINGS | NOTE 0.750% 5/0 | 09857LAN8 |  | 41991 | 31248000 | PRN |  | SOLE |  | 0 | 0 | 0 |
| BRAEMAR HOTELS  RESORTS | NOTE 4.500% 6/0 | 10482BAB7 |  | 21086 | 22260000 | PRN |  | SOLE |  | 0 | 0 | 0 |
| CNX RESOURCES | NOTE 2.250% 5/0 | 12653CAG3 |  | 3681 | 2500000 | PRN |  | SOLE |  | 0 | 0 | 0 |
| CHEFS WAREHOUSE IN | NOTE 1.875%12/0 | 163086AB7 |  | 1060 | 1033000 | PRN |  | SOLE |  | 0 | 0 | 0 |
| CHEGG | NOTE 9/0 | 163092AF6 |  | 202 | 257000 | PRN |  | SOLE |  | 0 | 0 | 0 |
| CLOUDFLARE | NOTE 8/1 | 18915MAC1 |  | 2054 | 2500000 | PRN |  | SOLE |  | 0 | 0 | 0 |
| CONMED | NOTE 2.625% 2/0 | 207410AF8 |  | 6306 | 5455000 | PRN |  | SOLE |  | 0 | 0 | 0 |
| CRACKER BARREL OLD COUNTRY STORE | NOTE 0.625% 6/1 | 22410JAB2 |  | 23335 | 27138000 | PRN |  | SOLE |  | 0 | 0 | 0 |
| CYBERARK SOFTWARE | NOTE 11/1 | 23248VAB1 |  | 19371 | 18199000 | PRN |  | SOLE |  | 0 | 0 | 0 |
| DATADOG | NOTE 0.125% 6/1 | 23804LAB9 |  | 22174 | 20255000 | PRN |  | SOLE |  | 0 | 0 | 0 |
| DEXCOM INC | NOTE 0.250%11/1 | 252131AK3 |  | 23412 | 21462000 | PRN |  | SOLE |  | 0 | 0 | 0 |
| DISH NETWORK | NOTE 2.375% 3/1 | 25470MAD1 |  | 292 | 323000 | PRN |  | SOLE |  | 0 | 0 | 0 |
| DOCUSIGN | NOTE 1/1 | 256163AD8 |  | 189 | 200000 | PRN |  | SOLE |  | 0 | 0 | 0 |
| ETSY | NOTE 0.125%10/0 | 29786AAJ5 |  | 3863 | 2500000 | PRN |  | SOLE |  | 0 | 0 | 0 |
| ETSY | NOTE 0.250% 6/1 | 29786AAN6 |  | 862 | 1000000 | PRN |  | SOLE |  | 0 | 0 | 0 |
| EURONET WORLDWIDE | NOTE 0.750% 3/1 | 298736AL3 |  | 3255 | 3422000 | PRN |  | SOLE |  | 0 | 0 | 0 |
| EXPEDIA GROUP | NOTE 2/1 | 30212PBE4 |  | 2222 | 2551000 | PRN |  | SOLE |  | 0 | 0 | 0 |
| FORD MOTOR | NOTE 3/1 | 345370CZ1 |  | 34837 | 36795000 | PRN |  | SOLE |  | 0 | 0 | 0 |
| FORUM ENERGY TECHNOLOGIES | NOTE 9.000% 8/0 | 34984VAC4 |  | 274 | 263919 | PRN |  | SOLE |  | 0 | 0 | 0 |
| GUARDANT HEALTH | NOTE 11/1 | 40131MAB5 |  | 6140 | 9735000 | PRN |  | SOLE |  | 0 | 0 | 0 |
| INNOVATE | NOTE 7.500% 8/0 | 404139AG2 |  | 10021 | 12363000 | PRN |  | SOLE |  | 0 | 0 | 0 |
| HALOZYME THERAPEUTICS | NOTE 0.250% 3/0 | 40637HAD1 |  | 9444 | 9688000 | PRN |  | SOLE |  | 0 | 0 | 0 |
| HELIX ENERGY SOLUTIONS GROUP | NOTE 6.750% 2/1 | 42330PAK3 |  | 12056 | 8704000 | PRN |  | SOLE |  | 0 | 0 | 0 |
| HESKA | NOTE 3.750% 9/1 | 42805EAB4 |  | 8679 | 8346000 | PRN |  | SOLE |  | 0 | 0 | 0 |
| HOPE BANCORP | NOTE 2.000% 5/1 | 43940TAB5 |  | 6945 | 7061000 | PRN |  | SOLE |  | 0 | 0 | 0 |
| ILLUMINA | NOTE 8/1 | 452327AK5 |  | 1394 | 1440000 | PRN |  | SOLE |  | 0 | 0 | 0 |
| IMAX | NOTE 0.500% 4/0 | 45245EAJ8 |  | 8292 | 9675000 | PRN |  | SOLE |  | 0 | 0 | 0 |
| INSULET CORP | NOTE 0.375% 9/0 | 45784PAK7 |  | 2830 | 2000000 | PRN |  | SOLE |  | 0 | 0 | 0 |
| INTEGRA LIFESCIENCES HOLDINGS | NOTE 0.500% 8/1 | 457985AM1 |  | 1460 | 1500000 | PRN |  | SOLE |  | 0 | 0 | 0 |
| JAZZ INVESTMENTS | NOTE 2.000% 6/1 | 472145AF8 |  | 42382 | 35450000 | PRN |  | SOLE |  | 0 | 0 | 0 |
| JOHN BEAN TECHNOLOGIES | NOTE 0.250% 5/1 | 477839AB0 |  | 20141 | 23311000 | PRN |  | SOLE |  | 0 | 0 | 0 |
| KBR | NOTE 2.500%11/0 | 48242WAB2 |  | 2644 | 1250000 | PRN |  | SOLE |  | 0 | 0 | 0 |
| KAMAN | NOTE 3.250% 5/0 | 483548AF0 |  | 28203 | 29922000 | PRN |  | SOLE |  | 0 | 0 | 0 |
| LCI INDUSTRIES | NOTE 1.125% 5/1 | 501812AB7 |  | 2148 | 2540000 | PRN |  | SOLE |  | 0 | 0 | 0 |
| LIBERTY INTERACTIVE | DEB 3.750% 2/1 | 530715AL5 |  | 431 | 1266000 | PRN |  | SOLE |  | 0 | 0 | 0 |
| LUMENTUM HOLDINGS | NOTE 0.500%12/1 | 55024UAD1 |  | 19342 | 22417000 | PRN |  | SOLE |  | 0 | 0 | 0 |
| MGP INGREDIENTS | NOTE 1.875%11/1 | 55303JAB2 |  | 16250 | 12855000 | PRN |  | SOLE |  | 0 | 0 | 0 |
| MESA LABORATORIES | NOTE 1.375% 8/1 | 59064RAA7 |  | 20738 | 22927000 | PRN |  | SOLE |  | 0 | 0 | 0 |
| MIDDLEBY | NOTE 1.000% 9/0 | 596278AB7 |  | 23252 | 19740000 | PRN |  | SOLE |  | 0 | 0 | 0 |
| MONGODB | NOTE 0.250% 1/1 | 60937PAD8 |  | 2332 | 2000000 | PRN |  | SOLE |  | 0 | 0 | 0 |
| NCL CORPORATION | NOTE 5.375% 8/0 | 62886HAX9 |  | 1021 | 1000000 | PRN |  | SOLE |  | 0 | 0 | 0 |
| NCL CORPORATION | NOTE 1.125% 2/1 | 62886HBD2 |  | 9367 | 13665000 | PRN |  | SOLE |  | 0 | 0 | 0 |
| NRG ENERGY | DBCV 2.750% 6/0 | 629377CG5 |  | 37819 | 38136000 | PRN |  | SOLE |  | 0 | 0 | 0 |
| NISOURCE | UNIT 12/01/2023 | 65473P121 |  | 1509 | 14560 | PRN |  | SOLE |  | 0 | 0 | 0 |
| OKTA | NOTE 0.375% 6/1 | 679295AF2 |  | 2360 | 2790000 | PRN |  | SOLE |  | 0 | 0 | 0 |
| PAGERDUTY | NOTE 1.250% 7/0 | 69553PAB6 |  | 2530 | 2500000 | PRN |  | SOLE |  | 0 | 0 | 0 |
| PALO ALTO NETWORKS | NOTE 0.750% 7/0 | 697435AD7 |  | 2372 | 1500000 | PRN |  | SOLE |  | 0 | 0 | 0 |
| PARSONS | NOTE 0.250% 8/1 | 70202LAB8 |  | 28709 | 25175000 | PRN |  | SOLE |  | 0 | 0 | 0 |
| PEBBLEBROOK HOTEL TRUST | NOTE 1.750%12/1 | 70509VAA8 |  | 21229 | 25605000 | PRN |  | SOLE |  | 0 | 0 | 0 |
| PENNYMAC MORTGAGE INVESTMENT TRUST | NOTE 5.500% 3/1 | 70932AAF0 |  | 264 | 319000 | PRN |  | SOLE |  | 0 | 0 | 0 |
| PETIQ | NOTE 4.000% 6/0 | 71639TAB2 |  | 13972 | 16587000 | PRN |  | SOLE |  | 0 | 0 | 0 |
| PROSPECT CAPITAL | NOTE 6.375% 3/0 | 74348TAT9 |  | 5901 | 5887000 | PRN |  | SOLE |  | 0 | 0 | 0 |
| RINGCENTRAL | NOTE 3/0 | 76680RAF4 |  | 2453 | 2837000 | PRN |  | SOLE |  | 0 | 0 | 0 |
| RINGCENTRAL | NOTE 3/1 | 76680RAH0 |  | 416 | 528000 | PRN |  | SOLE |  | 0 | 0 | 0 |
| SSR MINING | NOTE 2.500% 4/0 | 784730AB9 |  | 46135 | 40926000 | PRN |  | SOLE |  | 0 | 0 | 0 |
| SEA LIMITED | NOTE 0.250% 9/1 | 81141RAG5 |  | 162 | 220000 | PRN |  | SOLE |  | 0 | 0 | 0 |
| SHIFT4 PAYMENTS | NOTE 12/1 | 82452JAB5 |  | 6625 | 6660000 | PRN |  | SOLE |  | 0 | 0 | 0 |
| SHIFT4 PAYMENTS | NOTE 0.500% 8/0 | 82452JAD1 |  | 6638 | 7860000 | PRN |  | SOLE |  | 0 | 0 | 0 |
| SMART GLOBAL HOLDINGS | NOTE 2.250% 2/1 | 83205YAB0 |  | 3016 | 3000000 | PRN |  | SOLE |  | 0 | 0 | 0 |
| SOLAREDGE TECHNOLOGIES | NOTE 9/1 | 83417MAD6 |  | 31844 | 25575000 | PRN |  | SOLE |  | 0 | 0 | 0 |
| SOUTHWEST AIRLINES | NOTE 1.250% 5/0 | 844741BG2 |  | 50875 | 42070000 | PRN |  | SOLE |  | 0 | 0 | 0 |
| SPLUNK | NOTE 1.125% 9/1 | 848637AD6 |  | 2436 | 2570000 | PRN |  | SOLE |  | 0 | 0 | 0 |
| SPLUNK | NOTE 1.125% 6/1 | 848637AF1 |  | 1701 | 2000000 | PRN |  | SOLE |  | 0 | 0 | 0 |
| BLOCK | NOTE 0.500% 5/1 | 852234AD5 |  | 2821 | 2700000 | PRN |  | SOLE |  | 0 | 0 | 0 |
| BLOCK | NOTE 0.125% 3/0 | 852234AF0 |  | 1908 | 2000000 | PRN |  | SOLE |  | 0 | 0 | 0 |
| STRIDE | NOTE 1.125% 9/0 | 86333MAA6 |  | 1905 | 2122000 | PRN |  | SOLE |  | 0 | 0 | 0 |
| SUMMIT HOTEL PROPERTIES | NOTE 1.500% 2/1 | 866082AA8 |  | 8884 | 10335000 | PRN |  | SOLE |  | 0 | 0 | 0 |
| TEAM | NOTE 5.000% 8/0 | 878155AE0 |  | 794 | 871000 | PRN |  | SOLE |  | 0 | 0 | 0 |
| TYLER TECHNOLOGIES | NOTE 0.250% 3/1 | 902252AB1 |  | 24670 | 26389000 | PRN |  | SOLE |  | 0 | 0 | 0 |
| UGI | UNIT 06/01/2024 | 902681113 |  | 1287 | 15000 | PRN |  | SOLE |  | 0 | 0 | 0 |
| VAREX IMAGING | NOTE 4.000% 6/0 | 92214XAB2 |  | 933 | 798000 | PRN |  | SOLE |  | 0 | 0 | 0 |
| WINNEBAGO INDUSTRIES | NOTE 1.500% 4/0 | 974637AB6 |  | 10996 | 10439000 | PRN |  | SOLE |  | 0 | 0 | 0 |
| ZILLOW GROUP INC | NOTE 2.750% 5/1 | 98954MAH4 |  | 727 | 760000 | PRN |  | SOLE |  | 0 | 0 | 0 |

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