# EDGAR Filing Document

**Accession Number:** 0001810523
**File Stem:** 0001752724-23-010006
**Filing Date:** 2023-1
**Character Count:** 91663
**Document Hash:** 2542cc3bf24e1d0749d71360cde6aaed
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-010006.hdr.sgml**: 20230124

**ACCESSION NUMBER**: 0001752724-23-010006

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221130

**FILED AS OF DATE**: 20230124

**DATE AS OF CHANGE**: 20230124

**PERIOD START**: 20230531

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FIRST TRUST HIGH YIELD OPPORTUNITIES 2027 TERM FUND
- **CENTRAL INDEX KEY:** 0001810523
- **IRS NUMBER:** 851075664
- **FISCAL YEAR END:** 0531

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23565
- **FILM NUMBER:** 23548960

**BUSINESS ADDRESS:**
- **STREET 1:** 120 EAST LIBERTY DRIVE, SUITE 400
- **CITY:** WHEATON
- **STATE:** IL
- **ZIP:** 60187
- **BUSINESS PHONE:** 630-765-8000

**MAIL ADDRESS:**
- **STREET 1:** 120 EAST LIBERTY DRIVE, SUITE 400
- **CITY:** WHEATON
- **STATE:** IL
- **ZIP:** 60187

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FIRST TRUST HIGH YIELD OPPORTUNITIES 2032 TARGET TERM FUND
- **DATE OF NAME CHANGE:** 20200424

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FIRST TRUST HIGH YIELD OPPORTUNITIES 2032 TERM FUND
- **DATE OF NAME CHANGE:** 20200424

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FIRST TRUST HIGH YIELD OPPORTUNITIES 2027 TERM FUND
- **DATE OF NAME CHANGE:** 20200423

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** First Trust High Yield Opportunities 2027 Term Fund

- **b. Investment Company Act file number:** 811-23565

- **c. CIK number of Registrant:** 0001810523

- **d. LEI of Registrant:** 549300VWTG40J7RZE994

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

  - **Street Address 1:** 120 EAST LIBERTY DRIVE, SUITE 400

  - **City:** WHEATON

  - **State:** IL

  - **Foreign country:** US

  - **Zip / Postal Code:** 60187

  - **Telephone number:** 630-765-8000

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

- **a. Name of Series:** First Trust High Yield Opportunities 2027 Term Fund

- **c. LEI of Series:** 549300VWTG40J7RZE994

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

- **a. Date of fiscal year-end:** 2023-05-31

- **b. Date as of which information is reported:** 2022-11-30

**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:** $741258742.22

**Total Liabilities:** $153746011.83

**Net Assets:** $587512730.39

**Delayed Delivery Securities:** $189000.00

**Cash Not Reported:** $1618258.31

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 0.31804000 | **1-Year:** 4012.09292000 | **5-Year:** 6473.08606000 | **10-Year:** 2469.07989000 | **30-Year:** 0.00000000

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

- **3-Month:** 279.10685000 | **1-Year:** 59843.00514000 | **5-Year:** 168206.92386000 | **10-Year:** 8392.95320000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000000000 | -10.56%              | 3.84%                | 6.86%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-2577892.82             | $-26971914.86                              |
| Month 2  | $-1954150.01             | $15999540.80                               |
| Month 3  | $-392291.18              | $5145478.26                                |

**Designated Index Information**

- **Index Name:** The Fund's Designated Reference Portfolio is the Fund's Securities Portfolio.

- **Index Identifier:** N/A

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| National Mentor Holdings Inc              | National Mentor Holdings Inc                                                     | CUSIP: 63689EAR6<br>LEI: 5493004QULJVJP3CNZ62 | Long             | LON              | CORP              | US        |    162254 | PA      | $114614.49    | 0.02%             | 2028-03-02      | Floating      | 7.63%                 | No            |                  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        |   1155000 | PA      | $939477.00    | 0.16%             | 2031-02-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                    | CCO Holdings LLC / CCO Holdings Capital Corp                                     | CUSIP: 1248EPCS0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4567000 | PA      | $4356324.29   | 0.74%             | 2029-09-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Verscend Holding Corp                     | Verscend Holding Corp                                                            | CUSIP: 92531HAD9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |  17876182 | PA      | $17726200.42  | 3.02%             | 2025-08-27      | Floating      | 8.07%                 | No            |                  2 | On Loan: No      |
| ARDAGH METAL PACKAGING                    | Ardagh Metal Packaging Finance USA LLC / Ardagh Metal Packaging Finance PLC      | CUSIP: 03969YAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |    290000 | PA      | $283417.00    | 0.05%             | 2027-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Greeneden US Holdings II LLC              | Genesys Cloud Services Holdings II LLC                                           | CUSIP: 39479UAQ6<br>LEI: 549300CVRD4OUCPHWQ42 | Long             | LON              | CORP              | US        |   5502755 | PA      | $5334260.23   | 0.91%             | 2027-12-01      | Floating      | 8.07%                 | No            |                  2 | On Loan: No      |
| OWENS & MINOR INC                         | Owens & Minor Inc                                                                | CUSIP: 690732AF9<br>LEI: 549300LMT5KQQXCEZ733 | Long             | DBT              | CORP              | US        |    330000 | PA      | $271354.05    | 0.05%             | 2029-03-31      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ALTICE FRANCE SA                          | Altice France SA/France                                                          | CUSIP: 02156LAE1<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |   1000000 | PA      | $801475.00    | 0.14%             | 2029-01-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| GARTNER INC                               | Gartner Inc                                                                      | CUSIP: 366651AC1<br>LEI: PP55B5R38BFB8O8HH686 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1885370.00   | 0.32%             | 2028-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CINEWORLD WARRANT                         | CINEWORLD WARRANT                                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | GB        |    367144 | NS      | $22125.02     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CORELOGIC INC                             | CoreLogic Inc                                                                    | CUSIP: 21871DAD5<br>LEI: 54930086CD8K2UIL0516 | Long             | DBT              | CORP              | US        |   6126000 | PA      | $4528982.43   | 0.77%             | 2028-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| SIRIUS XM RADIO INC                       | Sirius XM Radio Inc                                                              | CUSIP: 82967NBC1<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |    343000 | PA      | $319754.89    | 0.05%             | 2029-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Hyland Software Inc                       | Hyland Software Inc                                                              | CUSIP: 44908XAV0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2981588 | PA      | $2812025.49   | 0.48%             | 2025-07-07      | Floating      | 10.32%                | No            |                  2 | On Loan: No      |
| CARS.COM INC                              | Cars.com Inc                                                                     | CUSIP: 14575EAA3<br>LEI: 5493002G6J07LNGX4M98 | Long             | DBT              | CORP              | US        |   8270000 | PA      | $7187521.67   | 1.22%             | 2028-11-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                          | CSC Holdings LLC                                                                 | CUSIP: 126307BA4<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |  19531000 | PA      | $13330981.71  | 2.27%             | 2030-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| MEDLINE BORROWER LP                       | Medline Borrower LP                                                              | CUSIP: 62482BAA0<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |  10128000 | PA      | $8719043.28   | 1.48%             | 2029-04-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| ATHENAHEALTH GROUP INC                    | AthenaHealth Group Inc                                                           | CUSIP: 60337JAA4<br>LEI: 254900AA3KZN4Q7A5Z33 | Long             | DBT              | CORP              | US        |   3527000 | PA      | $2645627.39   | 0.45%             | 2030-02-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| MGM RESORTS INTL                          | MGM Resorts International                                                        | CUSIP: 552953CG4<br>LEI: 54930066VBP7DZEGGJ87 | Long             | DBT              | CORP              | US        |    170000 | PA      | $169433.14    | 0.03%             | 2025-05-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| TRIVIUM PACKAGING FIN                     | Trivium Packaging Finance BV                                                     | CUSIP: 89686QAA4<br>LEI: 724500GMZWW3PVYET548 | Long             | DBT              | CORP              | NL        |    597000 | PA      | $561827.75    | 0.10%             | 2026-08-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SEAWORLD PARKS & ENTERTA                  | SeaWorld Parks & Entertainment Inc                                               | CUSIP: 81282UAG7<br>LEI: 549300UZV72O3371JJ53 | Long             | DBT              | CORP              | US        |    283000 | PA      | $244228.97    | 0.04%             | 2029-08-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| STANDARD INDUSTRIES INC                   | Standard Industries Inc/NJ                                                       | CUSIP: 853496AG2<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |    858000 | PA      | $704804.10    | 0.12%             | 2030-07-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| ENERGIZER HOLDINGS INC                    | Energizer Holdings Inc                                                           | CUSIP: 29272WAD1<br>LEI: 5493000D6NN0V57UME20 | Long             | DBT              | CORP              | US        |    650000 | PA      | $553952.75    | 0.09%             | 2029-03-31      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| WYNDHAM HOTELS & RESORTS                  | Wyndham Hotels & Resorts Inc                                                     | CUSIP: 98311AAB1<br>LEI: 549300FE3MQ4RVXXC673 | Long             | DBT              | CORP              | US        |    289000 | PA      | $258791.25    | 0.04%             | 2028-08-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| ARAMARK SERVICES INC                      | Aramark Services Inc                                                             | CUSIP: 038522AQ1<br>LEI: 42YMHYH0XMHJEXDUB065 | Long             | DBT              | CORP              | US        |   4932000 | PA      | $4619335.86   | 0.79%             | 2028-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DAVITA INC                                | DaVita Inc                                                                       | CUSIP: 23918KAS7<br>LEI: M2XHYMU3TZNEZURC6H66 | Long             | DBT              | CORP              | US        |   8712000 | PA      | $7065301.32   | 1.20%             | 2030-06-01      | Fixed         | 4.62%                 | No            |                  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        |   9088000 | PA      | $8258129.28   | 1.41%             | 2029-06-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| IHEARTCOMMUNICATIONS INC                  | iHeartCommunications Inc                                                         | CUSIP: 45174HBD8<br>LEI: 54930076J6KDZL504O62 | Long             | DBT              | CORP              | US        |  13053000 | PA      | $11638576.92  | 1.98%             | 2027-05-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| CEMEX SAB DE CV                           | Cemex SAB de CV                                                                  | CUSIP: 151290BW2<br>LEI: 549300RIG2CXWN6IV731 | Long             | DBT              | CORP              | MX        |   8119000 | PA      | $8267049.97   | 1.41%             | 2027-06-05      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| STATION CASINOS LLC                       | Station Casinos LLC                                                              | CUSIP: 857691AG4<br>LEI: 5493004E7Q60TX54WL62 | Long             | DBT              | CORP              | US        |   2694000 | PA      | $2380741.49   | 0.41%             | 2028-02-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| GO DADDY OPCO/FINCO                       | Go Daddy Operating Co LLC / GD Finance Co Inc                                    | CUSIP: 38016LAC9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1213000 | PA      | $1026596.60   | 0.17%             | 2029-03-01      | Fixed         | 3.50%                 | No            |                  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        |   9913000 | PA      | $8534577.13   | 1.45%             | 2030-03-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| BOXER PARENT CO INC                       | Boxer Parent Co Inc                                                              | CUSIP: 103186AC6<br>LEI: 5493006T045HLTF7YX04 | Long             | DBT              | CORP              | US        |   2724000 | PA      | $2604198.48   | 0.44%             | 2026-03-01      | Fixed         | 9.12%                 | No            |                  2 | On Loan: No      |
| PENSKE AUTOMOTIVE GROUP                   | Penske Automotive Group Inc                                                      | CUSIP: 70959WAJ2<br>LEI: 549300W7UTQ0M4C7LB15 | Long             | DBT              | CORP              | US        |    333000 | PA      | $312178.96    | 0.05%             | 2025-09-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FERTITTA ENTERTAINMENT                    | Fertitta Entertainment LLC / Fertitta Entertainment Finance Co Inc               | CUSIP: 31556TAC3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  13774000 | PA      | $11616578.38  | 1.98%             | 2030-01-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CT Technologies Intermediate Holdings Inc | CT Technologies Intermediate Holdings Inc                                        | CUSIP: 12650JAR7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3322949 | PA      | $3062296.62   | 0.52%             | 2025-12-16      | Floating      | 8.32%                 | No            |                  2 | On Loan: No      |
| CENTENE CORP                              | Centene Corp                                                                     | CUSIP: 15135BAR2<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |   6806000 | PA      | $6399103.29   | 1.09%             | 2027-12-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| VICI PROPERTIES / NOTE                    | VICI Properties LP / VICI Note Co Inc                                            | CUSIP: 92564RAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   7698000 | PA      | $7170461.60   | 1.22%             | 2026-12-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| BALL CORP                                 | Ball Corp                                                                        | CUSIP: 058498AW6<br>LEI: 0BGI85ALH27ZJP15DY16 | Long             | DBT              | CORP              | US        |   4227000 | PA      | $3442341.99   | 0.59%             | 2030-08-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| USI Inc                                   | USI Inc/NY                                                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1539805 | PA      | $1513135.31   | 0.26%             | 2029-11-22      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| RealPage Inc                              | RealPage Inc                                                                     | CUSIP: 75605VAG7<br>LEI: 5493001RSFZX4122A604 | Long             | LON              | CORP              | US        |   3538182 | PA      | $3385615.85   | 0.58%             | 2029-04-23      | Floating      | 10.57%                | No            |                  2 | On Loan: No      |
| PACTIV LLC                                | Pactiv LLC                                                                       | CUSIP: 880394AB7<br>LEI: 549300O4WTC6DL4JIE57 | Long             | DBT              | CORP              | US        |    180000 | PA      | $170233.53    | 0.03%             | 2025-12-15      | Fixed         | 7.95%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                          | CSC Holdings LLC                                                                 | CUSIP: 126307AY3<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |   2370000 | PA      | $1850626.35   | 0.31%             | 2028-04-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| IRB HOLDING CORP                          | IRB Holding Corp                                                                 | CUSIP: 44988MAC9<br>LEI: 549300HVW4WNWYBXN830 | Long             | DBT              | CORP              | US        |   5088000 | PA      | $5109573.12   | 0.87%             | 2025-06-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| RADIATE HOLDCO / FINANCE                  | Radiate Holdco LLC / Radiate Finance Inc                                         | CUSIP: 75026JAC4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1149000 | PA      | $941691.68    | 0.16%             | 2026-09-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| OPEN TEXT CORP                            | Open Text Corp                                                                   | CUSIP: 683715AC0<br>LEI: 549300HP7ONDQODZJV16 | Long             | DBT              | CORP              | CA        |   6881000 | PA      | $5813068.80   | 0.99%             | 2028-02-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| RADIATE HOLDCO / FINANCE                  | Radiate Holdco LLC / Radiate Finance Inc                                         | CUSIP: 75026JAE0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2284000 | PA      | $1236820.26   | 0.21%             | 2028-09-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Select Medical Corp                       | Select Medical Corp                                                              | CUSIP: 816194AV6<br>LEI: 549300X05KS0JKR8CB50 | Long             | LON              | CORP              | US        |    403000 | PA      | $395064.93    | 0.07%             | 2025-03-06      | Floating      | 6.58%                 | No            |                  2 | On Loan: No      |
| ARAMARK SERVICES INC                      | Aramark Services Inc                                                             | CUSIP: 038522AR9<br>LEI: 42YMHYH0XMHJEXDUB065 | Long             | DBT              | CORP              | US        |   2794000 | PA      | $2792449.33   | 0.48%             | 2025-05-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| EMBECTA CORP                              | Embecta Corp                                                                     | CUSIP: 29082KAA3<br>LEI: 549300RPG8GXVDHNXZ62 | Long             | DBT              | CORP              | US        |    565000 | PA      | $485558.18    | 0.08%             | 2030-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HCA INC                                   | HCA Inc                                                                          | CUSIP: 404119BS7<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |   7218000 | PA      | $7280660.18   | 1.24%             | 2026-02-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| GTCR AP FINANCE INC                       | GTCR AP Finance Inc                                                              | CUSIP: 40060QAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1211000 | PA      | $1170308.18   | 0.20%             | 2027-05-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| CONDOR MERGER SUB INC                     | Condor Merger Sub Inc                                                            | CUSIP: 579063AB4<br>LEI: 254900SAGUYT3MBUU161 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2461534.20   | 0.42%             | 2030-02-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| SENSATA TECHNOLOGIES INC                  | Sensata Technologies Inc                                                         | CUSIP: 81728UAB0<br>LEI: 5493002MMDDCUNV7NY90 | Long             | DBT              | CORP              | US        |    333000 | PA      | $277438.95    | 0.05%             | 2031-02-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Numericable U.S. LLC                      | Altice France SA/France                                                          | CUSIP: 000000000<br>LEI: 5493001ZMCICV4N02J21 | Long             | LON              | CORP              | FR        |    455427 | PA      | $438726.05    | 0.07%             | 2026-08-14      | Floating      | 8.65%                 | No            |                  2 | On Loan: No      |
| ENCOMPASS HEALTH CORP                     | Encompass Health Corp                                                            | CUSIP: 29261AAB6<br>LEI: 549300FVRPM9DRQZRG64 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $889070.00    | 0.15%             | 2030-02-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| PARK INTERMED HOLDINGS                    | Park Intermediate Holdings LLC / PK Domestic Property LLC / PK Finance Co-Issuer | CUSIP: 70052LAC7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    724000 | PA      | $620869.82    | 0.11%             | 2029-05-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| CEMEX SAB DE CV                           | Cemex SAB de CV                                                                  | CUSIP: 151290BV4<br>LEI: 549300RIG2CXWN6IV731 | Long             | DBT              | CORP              | MX        |    973000 | PA      | $897071.95    | 0.15%             | 2029-11-19      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| SRS DISTRIBUTION INC                      | SRS Distribution Inc                                                             | CUSIP: 78471RAD8<br>LEI: 549300ZQ3XP75BCYM468 | Long             | DBT              | CORP              | US        |   3884000 | PA      | $3188955.64   | 0.54%             | 2029-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| SRS DISTRIBUTION INC                      | SRS Distribution Inc                                                             | CUSIP: 78471RAC0<br>LEI: 549300ZQ3XP75BCYM468 | Long             | DBT              | CORP              | US        |   1035000 | PA      | $860140.34    | 0.15%             | 2029-07-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| XHR LP                                    | XHR LP                                                                           | CUSIP: 98372MAC9<br>LEI: 549300M88BPT83ZL2164 | Long             | DBT              | CORP              | US        |    575000 | PA      | $492096.50    | 0.08%             | 2029-06-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| BAXTER INTERNATIONAL INC                  | Baxter International Inc                                                         | CUSIP: 071813CH0<br>LEI: J5OIVXX3P24RJRW5CK77 | Long             | DBT              | CORP              | US        |    652000 | PA      | $606778.08    | 0.10%             | 2024-11-29      | Fixed         | 1.32%                 | No            |                  2 | On Loan: No      |
| MH Sub I, LLC                             | MH Sub I LLC                                                                     | CUSIP: 45567YAL9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |  10871534 | PA      | $10565826.48  | 1.80%             | 2024-09-13      | Floating      | 7.82%                 | No            |                  2 | On Loan: No      |
| BRINK'S CO/THE                            | Brink's Co/The                                                                   | CUSIP: 109696AA2<br>LEI: XFP140TFNOQMIVFTVQ13 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1841099.54   | 0.31%             | 2027-10-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Epicor Software Corporation               | Epicor Software Corp                                                             | CUSIP: 29426NAQ7<br>LEI: JGNXVGGGXR4O1L5I7S73 | Long             | LON              | CORP              | US        |   3500000 | PA      | $3451875.01   | 0.59%             | 2028-07-31      | Floating      | 11.82%                | No            |                  2 | On Loan: No      |
| VICI PROPERTIES / NOTE                    | VICI Properties LP / VICI Note Co Inc                                            | CUSIP: 92564RAC9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1624000 | PA      | $1530672.13   | 0.26%             | 2025-02-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| AMWINS GROUP INC                          | AmWINS Group Inc                                                                 | CUSIP: 031921AB5<br>LEI: 549300SJE7MUB8NMRG61 | Long             | DBT              | CORP              | US        |  19532000 | PA      | $16900783.73  | 2.88%             | 2029-06-30      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| SCRIPPS ESCROW II INC                     | Scripps Escrow II Inc                                                            | CUSIP: 81105DAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    611000 | PA      | $514608.64    | 0.09%             | 2029-01-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| CAESARS ENTERTAIN INC                     | Caesars Entertainment Inc                                                        | CUSIP: 12769GAA8<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |   1999000 | PA      | $1676801.18   | 0.29%             | 2029-10-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| BMC Software (Boxer/ Bladelogic)          | Boxer Parent Co Inc                                                              | CUSIP: 05988HAE7<br>LEI: 5493006T045HLTF7YX04 | Long             | LON              | CORP              | US        |   1828672 | PA      | $1751648.52   | 0.30%             | 2025-10-02      | Floating      | 7.82%                 | No            |                  2 | On Loan: No      |
| HUB INTERNATIONAL LTD                     | HUB International Ltd                                                            | CUSIP: 44332PAD3<br>LEI: 549300JQT6ATTUNS5E06 | Long             | DBT              | CORP              | US        |   9408000 | PA      | $9327373.44   | 1.59%             | 2026-05-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| ALTICE FRANCE SA                          | Altice France SA/France                                                          | CUSIP: 02156LAF8<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |   4590000 | PA      | $3622152.60   | 0.62%             | 2029-07-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| GOTO GROUP INC                            | GoTo Group Inc                                                                   | CUSIP: 541056AA5<br>LEI: 549300D12V5KRBV00592 | Long             | DBT              | CORP              | US        |   5755000 | PA      | $3377751.88   | 0.57%             | 2027-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CROWN AMERICAS LLC                        | Crown Americas LLC                                                               | CUSIP: 228180AA3<br>LEI: RPPGGRL1J75WGF2DFO04 | Long             | DBT              | CORP              | US        |     75000 | PA      | $69461.63     | 0.01%             | 2030-04-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ALTICE FRANCE SA                          | Altice France SA/France                                                          | CUSIP: 02156LAC5<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |   2511000 | PA      | $2096258.13   | 0.36%             | 2028-01-15      | Fixed         | 5.50%                 | No            |                  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        |  12722000 | PA      | $10731961.15  | 1.83%             | 2030-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HEALTHEQUITY INC                          | HealthEquity Inc                                                                 | CUSIP: 42226AAA5<br>LEI: 529900LRJU1RAFQHM467 | Long             | DBT              | CORP              | US        |    397000 | PA      | $348307.95    | 0.06%             | 2029-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ASSUREDPARTNERS INC                       | AssuredPartners Inc                                                              | CUSIP: 04624VAA7<br>LEI: 549300HNDSDQWQ3L2P80 | Long             | DBT              | CORP              | US        |  10980000 | PA      | $10552619.20  | 1.80%             | 2025-08-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| BOYD GAMING CORP                          | Boyd Gaming Corp                                                                 | CUSIP: 103304BV2<br>LEI: 254900787YGRYS2A1Z35 | Long             | DBT              | CORP              | US        |   1438000 | PA      | $1256567.54   | 0.21%             | 2031-06-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| VISTRA CORP                               | Vistra Operations Co LLC                                                         | CUSIP: 92840VAF9<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |   1588000 | PA      | $1492464.47   | 0.25%             | 2027-07-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mallinckrodt International Finance S.A.   | Mallinckrodt International Finance SA                                            | CUSIP: 000000000<br>LEI: 549300MQQ92LN1A0B514 | Long             | LON              | CORP              | LU        |       952 | PA      | $745.61       | 0.00%             | 2027-09-30      | Floating      | 8.73%                 | No            |                  2 | On Loan: No      |
| ZAYO GROUP HOLDINGS INC                   | Zayo Group Holdings Inc                                                          | CUSIP: 98919VAB1<br>LEI: 529900Z6OTS7RT0V0I47 | Long             | DBT              | CORP              | US        |   8267000 | PA      | $4499769.44   | 0.77%             | 2028-03-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                             | TransDigm Inc                                                                    | CUSIP: 893647BE6<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |   2598000 | PA      | $2588517.30   | 0.44%             | 2026-03-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| GFL ENVIRONMENTAL INC                     | GFL Environmental Inc                                                            | CUSIP: 36168QAK0<br>LEI: 549300FYK4MBXWIVZU26 | Long             | DBT              | CORP              | CA        |    473000 | PA      | $443423.31    | 0.08%             | 2025-08-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| CDI ESCROW ISSUER INC                     | CDI Escrow Issuer Inc                                                            | CUSIP: 12511VAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     71000 | PA      | $65950.84     | 0.01%             | 2030-04-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| OPEN TEXT CORP                            | Open Text Corp                                                                   | CUSIP: 683715AD8<br>LEI: 549300HP7ONDQODZJV16 | Long             | DBT              | CORP              | CA        |   2108000 | PA      | $1686892.68   | 0.29%             | 2029-12-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| VISTAJET MALTA/XO MGMT                    | VistaJet Malta Finance PLC / XO Management Holding Inc                           | CUSIP: 92840JAB5<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |   3858000 | PA      | $3168382.50   | 0.54%             | 2030-02-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Transdigm Inc                             | TransDigm Inc                                                                    | CUSIP: 89364MBS2<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | LON              | CORP              | US        |   1931228 | PA      | $1921745.44   | 0.33%             | 2024-08-22      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| PEDIATRIX MEDICAL GROUP                   | Pediatrix Medical Group Inc                                                      | CUSIP: 58502BAE6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1978000 | PA      | $1672705.59   | 0.28%             | 2030-02-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| MSILF Treasury Portfolio                  | MSILF Treasury Portfolio                                                         | CUSIP: 61747C582<br>LEI: 549300D1XR6GP7EZ0T47 | Long             | STIV             | RF                | US        |   3180469 | NS      | $3180469.48   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| US FOODS INC                              | US Foods Inc                                                                     | CUSIP: 90290MAD3<br>LEI: 5493000JOOFAOUY1JZ87 | Long             | DBT              | CORP              | US        |    603000 | PA      | $538177.50    | 0.09%             | 2029-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| GRAY TELEVISION INC                       | Gray Television Inc                                                              | CUSIP: 389284AA8<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |   8201000 | PA      | $7550045.63   | 1.29%             | 2027-05-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                     | Tenet Healthcare Corp                                                            | CUSIP: 88033GDJ6<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |   4007000 | PA      | $3542488.53   | 0.60%             | 2028-10-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| MPH ACQUISITION HOLDINGS                  | MPH Acquisition Holdings LLC                                                     | CUSIP: 553283AD4<br>LEI: 5493002WXOPRPTXWTU06 | Long             | DBT              | CORP              | US        |   2577000 | PA      | $2061303.65   | 0.35%             | 2028-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                     | Tenet Healthcare Corp                                                            | CUSIP: 88033GDG2<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |   1017000 | PA      | $911998.99    | 0.16%             | 2028-06-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Finastra USA Inc                          | Finastra USA Inc                                                                 | CUSIP: 02034DAC1<br>LEI: 549300ZB2RO6QC7YTK71 | Long             | LON              | CORP              | US        |   4239480 | PA      | $3827105.40   | 0.65%             | 2024-06-13      | Floating      | 6.87%                 | No            |                  2 | On Loan: No      |
| Zayo Group Holdings Inc                   | Zayo Group Holdings Inc                                                          | CUSIP: 98919XAB7<br>LEI: 529900Z6OTS7RT0V0I47 | Long             | LON              | CORP              | US        |     61000 | PA      | $45840.28     | 0.01%             | 2027-03-09      | Floating      | 7.07%                 | No            |                  2 | On Loan: No      |
| MIDWEST GMNG BOR/MWG FIN                  | Midwest Gaming Borrower LLC / Midwest Gaming Finance Corp                        | CUSIP: 59833DAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1202000 | PA      | $1039393.44   | 0.18%             | 2029-05-01      | Fixed         | 4.88%                 | No            |                  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        |    210000 | PA      | $179613.00    | 0.03%             | 2029-11-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| SBA Senior Finance II LLC                 | SBA Senior Finance II LLC                                                        | CUSIP: 78404XAH8<br>LEI: 549300PVT2ADFWMYEW87 | Long             | LON              | CORP              | US        |   3556313 | PA      | $3531419.29   | 0.60%             | 2025-04-11      | Floating      | 5.83%                 | No            |                  2 | On Loan: No      |
| NEXSTAR MEDIA INC                         | Nexstar Media Inc                                                                | CUSIP: 65336YAN3<br>LEI: 5493006PK6I4I2OOT688 | Long             | DBT              | CORP              | US        |   3150000 | PA      | $2808067.50   | 0.48%             | 2028-11-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| GRAY TELEVISION INC                       | Gray Television Inc                                                              | CUSIP: 389375AJ5<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |   5708000 | PA      | $5265630.00   | 0.90%             | 2026-07-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| NORDSTROM INC                             | Nordstrom Inc                                                                    | CUSIP: 655664AS9<br>LEI: 549300S3IZB5P35KNV16 | Long             | DBT              | CORP              | US        |   4040000 | PA      | $3493549.60   | 0.59%             | 2027-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BALL CORP                                 | Ball Corp                                                                        | CUSIP: 058498AY2<br>LEI: 0BGI85ALH27ZJP15DY16 | Long             | DBT              | CORP              | US        |    303000 | PA      | $313695.90    | 0.05%             | 2028-03-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| HUB International Ltd                     | HUB International Ltd                                                            | CUSIP: 000000000<br>LEI: 549300JQT6ATTUNS5E06 | Long             | LON              | CORP              | US        |    946154 | PA      | $930778.84    | 0.16%             | 2029-11-10      | Floating      | 8.22%                 | No            |                  2 | On Loan: No      |
| WCG Purchaser Corp.                       | WCG Purchaser Corp                                                               | CUSIP: 23343FAB0<br>LEI: 254900CEZYHAWVXDTS47 | Long             | LON              | CORP              | US        |   2177954 | PA      | $2041831.55   | 0.35%             | 2027-01-08      | Floating      | 7.87%                 | No            |                  2 | On Loan: No      |
| COMMSCOPE TECH LLC                        | CommScope Technologies LLC                                                       | CUSIP: 20337YAA5<br>LEI: M4TWC4QDOKW45N7T6Y12 | Long             | DBT              | CORP              | US        |  13190000 | PA      | $12379342.60  | 2.11%             | 2025-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| PetsMart LLC                              | PetSmart LLC                                                                     | CUSIP: 71677HAL9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    910108 | PA      | $873376.51    | 0.15%             | 2028-02-11      | Floating      | 7.82%                 | No            |                  2 | On Loan: No      |
| GATES GLOBAL/GATES CORP                   | Gates Global LLC / Gates Corp                                                    | CUSIP: 36740LAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   6597000 | PA      | $6369997.23   | 1.08%             | 2026-01-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| PG&E CORP                                 | PG&E Corp                                                                        | CUSIP: 69331CAH1<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | DBT              | CORP              | US        |  13275000 | PA      | $12267825.75  | 2.09%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                          | CSC Holdings LLC                                                                 | CUSIP: 126307BF3<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    250000 | PA      | $180777.50    | 0.03%             | 2031-02-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| GFL ENVIRONMENTAL INC                     | GFL Environmental Inc                                                            | CUSIP: 36168QAL8<br>LEI: 549300FYK4MBXWIVZU26 | Long             | DBT              | CORP              | CA        |   1300000 | PA      | $1117187.50   | 0.19%             | 2028-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LogMein Inc                               | GoTo Group Inc                                                                   | CUSIP: 54142KAD3<br>LEI: 549300D12V5KRBV00592 | Long             | LON              | CORP              | US        |   5858018 | PA      | $3746670.95   | 0.64%             | 2027-08-31      | Floating      | 8.77%                 | No            |                  2 | On Loan: No      |
| PACTIV EVERGREEN GROUP                    | Pactiv Evergreen Group Issuer Inc/Pactiv Evergreen Group Issuer LLC              | CUSIP: 76174LAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5653000 | PA      | $4976957.73   | 0.85%             | 2027-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LAMB WESTON HLD                           | Lamb Weston Holdings Inc                                                         | CUSIP: 513272AC8<br>LEI: 5493005SMYID1D2OY946 | Long             | DBT              | CORP              | US        |    623000 | PA      | $588255.29    | 0.10%             | 2028-05-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| VISTAJET MALTA/XO MGMT                    | VistaJet Malta Finance PLC / XO Management Holding Inc                           | CUSIP: 92840JAD1<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |   2721000 | PA      | $2469049.01   | 0.42%             | 2027-05-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| Four Seasons Hotels Limited               | Four Seasons Hotels Ltd                                                          | CUSIP: 35100DAS5<br>LEI: 5493009FUVX8LHYY2202 | Long             | LON              | CORP              | CA        |    879430 | PA      | $877785.50    | 0.15%             | 2029-11-16      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| STANDARD INDUSTRIES INC                   | Standard Industries Inc/NJ                                                       | CUSIP: 853496AD9<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |    574000 | PA      | $521077.20    | 0.09%             | 2028-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ENERGIZER HOLDINGS INC                    | Energizer Holdings Inc                                                           | CUSIP: 29272WAC3<br>LEI: 5493000D6NN0V57UME20 | Long             | DBT              | CORP              | US        |   1746000 | PA      | $1525061.16   | 0.26%             | 2028-06-15      | Fixed         | 4.75%                 | No            |                  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        |   2262000 | PA      | $2083143.66   | 0.35%             | 2028-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEXSTAR MEDIA INC                         | Nexstar Media Inc                                                                | CUSIP: 65343HAA9<br>LEI: 5493006PK6I4I2OOT688 | Long             | DBT              | CORP              | US        |  22177000 | PA      | $20940299.60  | 3.56%             | 2027-07-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| NORDSTROM INC                             | Nordstrom Inc                                                                    | CUSIP: 655664AT7<br>LEI: 549300S3IZB5P35KNV16 | Long             | DBT              | CORP              | US        |   1146000 | PA      | $922530.00    | 0.16%             | 2030-04-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Mercury Borrower Inc                      | Ascensus Holdings Inc                                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    142291 | PA      | $123437.69    | 0.02%             | 2029-08-02      | Floating      | 10.25%                | No            |                  2 | On Loan: No      |
| PIKE CORP                                 | Pike Corp                                                                        | CUSIP: 721283AA7<br>LEI: 549300P4EKEP6HK0NC58 | Long             | DBT              | CORP              | US        |   5605000 | PA      | $5016194.75   | 0.85%             | 2028-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ACADIA HEALTHCARE CO INC                  | Acadia Healthcare Co Inc                                                         | CUSIP: 00404AAP4<br>LEI: 5493005CW985Y9D0NC11 | Long             | DBT              | CORP              | US        |   1510000 | PA      | $1395451.40   | 0.24%             | 2029-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PAYSAFE FIN PLC/PAYSAFE                   | Paysafe Finance PLC / Paysafe Holdings US Corp                                   | CUSIP: 70452AAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |   5748000 | PA      | $4291341.84   | 0.73%             | 2029-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Gainwell Acquisition Corp                 | Gainwell Acquisition Corp                                                        | CUSIP: 59909TAC8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   8698153 | PA      | $8472001.09   | 1.44%             | 2027-10-01      | Floating      | 7.67%                 | No            |                  2 | On Loan: No      |
| SUMMIT MATERIALS LLC/FIN                  | Summit Materials LLC / Summit Materials Finance Corp                             | CUSIP: 86614RAN7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5167000 | PA      | $4775599.75   | 0.81%             | 2029-01-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PLAYTIKA HOLDING CORP                     | Playtika Holding Corp                                                            | CUSIP: 72815LAA5<br>LEI: 254900E35Z4TKA4UFG64 | Long             | DBT              | CORP              | US        |   1651000 | PA      | $1340958.71   | 0.23%             | 2029-03-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| MPH ACQUISITION HOLDINGS                  | MPH Acquisition Holdings LLC                                                     | CUSIP: 553283AC6<br>LEI: 5493002WXOPRPTXWTU06 | Long             | DBT              | CORP              | US        |   7513000 | PA      | $5289339.83   | 0.90%             | 2028-11-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| ION TRADING TECHNOLOGIES                  | ION Trading Technologies Sarl                                                    | CUSIP: 46205YAA9<br>LEI: 5493009ZVXOKZLQ6QJ12 | Long             | DBT              | CORP              | LU        |   1721000 | PA      | $1406246.31   | 0.24%             | 2028-05-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| DIRECTV FIN LLC/COINC                     | Directv Financing LLC / Directv Financing Co-Obligor Inc                         | CUSIP: 25461LAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    143000 | PA      | $131380.54    | 0.02%             | 2027-08-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                          | CSC Holdings LLC                                                                 | CUSIP: 126307BD8<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $1907257.50   | 0.32%             | 2030-12-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Azalea TopCo Inc                          | Azalea Topco Inc                                                                 | CUSIP: 29102TAE2<br>LEI: 549300HC42NZULO53062 | Long             | LON              | CORP              | US        |   2031660 | PA      | $1935156.48   | 0.33%             | 2026-07-24      | Floating      | 7.82%                 | No            |                  2 | On Loan: No      |
| MH Sub I, LLC                             | MH Sub I LLC                                                                     | CUSIP: 55303BAD5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   9551587 | PA      | $8560609.76   | 1.46%             | 2029-02-23      | Floating      | 10.31%                | No            |                  2 | On Loan: No      |
| HERTZ CORP/THE                            | Hertz Corp/The                                                                   | CUSIP: 428040DA4<br>LEI: 549300PD0C69OJ0NLB27 | Long             | DBT              | CORP              | US        |   2889000 | PA      | $2509288.50   | 0.43%             | 2026-12-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| SEALED AIR CORP                           | Sealed Air Corp                                                                  | CUSIP: 81211KBA7<br>LEI: Q0M0CZB4YN6JZ65WXI09 | Long             | DBT              | CORP              | US        |    566000 | PA      | $526951.66    | 0.09%             | 2029-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GFL ENVIRONMENTAL INC                     | GFL Environmental Inc                                                            | CUSIP: 36168QAN4<br>LEI: 549300FYK4MBXWIVZU26 | Long             | DBT              | CORP              | CA        |    716000 | PA      | $627978.54    | 0.11%             | 2029-06-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| BOYNE USA INC                             | Boyne USA Inc                                                                    | CUSIP: 103557AC8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    294000 | PA      | $261970.17    | 0.04%             | 2029-05-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| SC GAMES HOLDIN/US FINCO                  | Scientific Games Holdings LP/Scientific Games US FinCo Inc                       | CUSIP: 80874DAA4<br>LEI: 549300W5GPFXXB6TQ330 | Long             | DBT              | CORP              | US        |    284000 | PA      | $239276.76    | 0.04%             | 2030-03-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                     | Tenet Healthcare Corp                                                            | CUSIP: 88033GCY4<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |    302000 | PA      | $287047.98    | 0.05%             | 2026-01-01      | Fixed         | 4.88%                 | No            |                  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        |   4710000 | PA      | $4471497.89   | 0.76%             | 2027-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ALLIED UNIVERSAL                          | Allied Universal Holdco LLC / Allied Universal Finance Corp                      | CUSIP: 019576AC1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    625000 | PA      | $449194.22    | 0.08%             | 2029-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| OPEN TEXT CORP                            | Open Text Corp                                                                   | CUSIP: 683715AF3<br>LEI: 549300HP7ONDQODZJV16 | Long             | DBT              | CORP              | CA        |    189000 | PA      | $189464.94    | 0.03%             | 2027-12-01      | Fixed         | 6.90%                 | No            |                  2 | On Loan: No      |
| CSC Holdings LLC                          | CSC Holdings LLC                                                                 | CUSIP: 64072UAE2<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | LON              | CORP              | US        |   1558136 | PA      | $1489577.98   | 0.25%             | 2025-07-17      | Floating      | 6.12%                 | No            |                  2 | On Loan: No      |
| Onex TSG Intermediate Corp                | Onex TSG Intermediate Corp                                                       | CUSIP: 68276QAJ5<br>LEI: 5493006IJC5WXT1WJK88 | Long             | LON              | CORP              | US        |    484858 | PA      | $430311.86    | 0.07%             | 2028-02-28      | Floating      | 9.16%                 | No            |                  2 | On Loan: No      |
| HCA INC                                   | HCA Inc                                                                          | CUSIP: 404121AH8<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    569000 | PA      | $566894.71    | 0.10%             | 2026-09-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| FIRSTCASH INC                             | FirstCash Inc                                                                    | CUSIP: 33767DAB1<br>LEI: 549300V2X3UU7K0DG350 | Long             | DBT              | CORP              | US        |   3056000 | PA      | $2693815.07   | 0.46%             | 2028-09-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| BOOZ ALLEN HAMILTON INC                   | Booz Allen Hamilton Inc                                                          | CUSIP: 09951LAA1<br>LEI: 549300D7XCH2480XU542 | Long             | DBT              | CORP              | US        |    158000 | PA      | $142577.62    | 0.02%             | 2028-09-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| ASSUREDPARTNERS INC                       | AssuredPartners Inc                                                              | CUSIP: 04624VAB5<br>LEI: 549300HNDSDQWQ3L2P80 | Long             | DBT              | CORP              | US        |  13689000 | PA      | $11649339.00  | 1.98%             | 2029-01-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| SELECT MEDICAL CORP                       | Select Medical Corp                                                              | CUSIP: 816196AT6<br>LEI: 549300X05KS0JKR8CB50 | Long             | DBT              | CORP              | US        |   7842000 | PA      | $7601995.59   | 1.29%             | 2026-08-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| GFL ENVIRONMENTAL INC                     | GFL Environmental Inc                                                            | CUSIP: 36168QAF1<br>LEI: 549300FYK4MBXWIVZU26 | Long             | DBT              | CORP              | CA        |   3000000 | PA      | $2892330.00   | 0.49%             | 2026-12-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| ENERGIZER HOLDINGS INC                    | Energizer Holdings Inc                                                           | CUSIP: 29272WAF6<br>LEI: 5493000D6NN0V57UME20 | Long             | DBT              | CORP              | US        |   1121000 | PA      | $1063426.99   | 0.18%             | 2027-12-31      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Akorn Operating Company LLC               | Akorn Operating Company LLC                                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    220989 | NS      | $1436428.50   | 0.24%             |  |  |  | Yes           |                  2 | On Loan: No      |
| DAVITA INC                                | DaVita Inc                                                                       | CUSIP: 23918KAT5<br>LEI: M2XHYMU3TZNEZURC6H66 | Long             | DBT              | CORP              | US        |    551000 | PA      | $405822.52    | 0.07%             | 2031-02-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| BERRY GLOBAL INC                          | Berry Global Inc                                                                 | CUSIP: 085770AB1<br>LEI: 549300AP2Q7ERHX6RI89 | Long             | DBT              | CORP              | US        |   5419000 | PA      | $5316364.14   | 0.90%             | 2027-07-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| VERSCEND ESCROW CORP                      | Verscend Escrow Corp                                                             | CUSIP: 92535WAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   7307000 | PA      | $7319421.90   | 1.25%             | 2026-08-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                               | Oracle Corp                                                                      | CUSIP: 68389XCJ2<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1056175.19   | 0.18%             | 2032-11-09      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| PRESTIGE BRANDS INC                       | Prestige Brands Inc                                                              | CUSIP: 74112BAL9<br>LEI: 549300JBVP4J6D42I235 | Long             | DBT              | CORP              | US        |   1389000 | PA      | $1311347.96   | 0.22%             | 2028-01-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Applied Systems Inc                       | Applied Systems Inc                                                              | CUSIP: 03827FBA8<br>LEI: 549300NSKGF0SY5SWQ62 | Long             | LON              | CORP              | US        |   5807561 | PA      | $5749485.65   | 0.98%             | 2025-09-19      | Floating      | 9.17%                 | No            |                  2 | On Loan: No      |
| UNIVISION COMMUNICATIONS                  | Univision Communications Inc                                                     | CUSIP: 914906AS1<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |   2100000 | PA      | $2029303.50   | 0.35%             | 2025-02-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| SIRIUS XM RADIO INC                       | Sirius XM Radio Inc                                                              | CUSIP: 82967NBL1<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |   6745000 | PA      | $6097749.80   | 1.04%             | 2026-09-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                               | Oracle Corp                                                                      | CUSIP: 68389XAE5<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |   1796000 | PA      | $1869459.99   | 0.32%             | 2038-04-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| HUB International Ltd                     | HUB International Ltd                                                            | CUSIP: 44332EAU0<br>LEI: 549300JQT6ATTUNS5E06 | Long             | LON              | CORP              | US        |   9445086 | PA      | $9282535.91   | 1.58%             | 2025-04-25      | Floating      | 7.38%                 | No            |                  2 | On Loan: No      |
| ALLIANT HOLD / CO-ISSUER                  | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer                   | CUSIP: 01883LAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  17071000 | PA      | $15747997.50  | 2.68%             | 2027-10-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ALTICE FRANCE SA                          | Altice France SA/France                                                          | CUSIP: 02156LAH4<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |   3069000 | PA      | $2464836.66   | 0.42%             | 2029-10-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                     | Tenet Healthcare Corp                                                            | CUSIP: 88033GCX6<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |  19000000 | PA      | $18229360.00  | 3.10%             | 2027-02-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYS                  | CHS/Community Health Systems Inc                                                 | CUSIP: 12543DBM1<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |   1467000 | PA      | $1120531.28   | 0.19%             | 2030-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| IHEARTCOMMUNICATIONS INC                  | iHeartCommunications Inc                                                         | CUSIP: 45174HBE6<br>LEI: 54930076J6KDZL504O62 | Long             | DBT              | CORP              | US        |     82000 | PA      | $73147.69     | 0.01%             | 2027-08-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| VeriFone Systems Inc                      | VeriFone Systems Inc                                                             | CUSIP: 92346NAB5<br>LEI: 254900LTTVM8MM9RKV75 | Long             | LON              | CORP              | US        |   2952089 | PA      | $2661042.75   | 0.45%             | 2025-08-20      | Floating      | 8.36%                 | No            |                  2 | On Loan: No      |
| GLOBAL MEDICAL RESPONSE                   | Global Medical Response Inc                                                      | CUSIP: 37960BAA3<br>LEI: 549300ZFWD4ZFCEJCQ87 | Long             | DBT              | CORP              | US        |  10403000 | PA      | $7846930.89   | 1.34%             | 2025-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| GRAY TELEVISION INC                       | Gray Television Inc                                                              | CUSIP: 389375AL0<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |   3409000 | PA      | $2527943.95   | 0.43%             | 2030-10-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| EMERGENT BIOSOLUTIONS                     | Emergent BioSolutions Inc                                                        | CUSIP: 29089QAC9<br>LEI: 549300YW6TUOX8BE5103 | Long             | DBT              | CORP              | US        |    667000 | PA      | $301213.87    | 0.05%             | 2028-08-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| VMWARE INC                                | VMware Inc                                                                       | CUSIP: 928563AH8<br>LEI: 549300BUDHS3LRWBE814 | Long             | DBT              | CORP              | US        |    652000 | PA      | $607413.42    | 0.10%             | 2024-08-15      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| MODIVCARE ESCROW ISSUER                   | ModivCare Escrow Issuer Inc                                                      | CUSIP: 60783XAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    282000 | PA      | $237658.32    | 0.04%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| National Mentor Holdings Inc              | National Mentor Holdings Inc                                                     | CUSIP: 63689EAT2<br>LEI: 5493004QULJVJP3CNZ62 | Long             | LON              | CORP              | US        |      4750 | PA      | $3355.10      | 0.00%             | 2028-03-02      | Floating      | 7.43%                 | No            |                  2 | On Loan: No      |
| GYP HOLDINGS III CORP                     | GYP Holdings III Corp                                                            | CUSIP: 36261NAA5<br>LEI: 549300055I1KJWZH9690 | Long             | DBT              | CORP              | US        |     74000 | PA      | $60011.71     | 0.01%             | 2029-05-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| GRAHAM PACKAGING/GPC CAP                  | Graham Packaging Co Inc                                                          | CUSIP: 384701AA6<br>LEI: 549300YS0ZFT826HIK72 | Long             | DBT              | CORP              | US        |  12280000 | PA      | $10396757.13  | 1.77%             | 2028-08-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| IAA INC                                   | IAA Inc                                                                          | CUSIP: 449253AB9<br>LEI: 549300PZCOPC5178W747 | Long             | DBT              | CORP              | US        |    162000 | PA      | $159366.69    | 0.03%             | 2027-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CALPINE CORP                              | Calpine Corp                                                                     | CUSIP: 131347CN4<br>LEI: 43R4VPJBXTU2O15HEF41 | Long             | DBT              | CORP              | US        |   2770000 | PA      | $2485052.04   | 0.42%             | 2028-03-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| MGM RESORTS INTL                          | MGM Resorts International                                                        | CUSIP: 552953CE9<br>LEI: 54930066VBP7DZEGGJ87 | Long             | DBT              | CORP              | US        |    582000 | PA      | $569097.00    | 0.10%             | 2025-06-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| OWENS-BROCKWAY                            | Owens-Brockway Glass Container Inc                                               | CUSIP: 690872AB2<br>LEI: V2UQUCDZJ9WY98W8QU33 | Long             | DBT              | CORP              | US        |   1163000 | PA      | $1106915.06   | 0.19%             | 2025-01-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| MH Sub I, LLC                             | MH Sub I LLC                                                                     | CUSIP: 45567YAJ4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   6514926 | PA      | $6333028.96   | 1.08%             | 2024-09-13      | Floating      | 7.82%                 | No            |                  2 | On Loan: No      |
| Ion Trading Finance Limited               | ION Trading Finance Ltd                                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | IE        |    450272 | PA      | $430009.65    | 0.07%             | 2028-04-01      | Floating      | 8.42%                 | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                     | Tenet Healthcare Corp                                                            | CUSIP: 88033GDA5<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |   1358000 | PA      | $1280302.03   | 0.22%             | 2027-11-01      | Fixed         | 5.12%                 | 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        |   3993000 | PA      | $3369053.82   | 0.57%             | 2030-08-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| HUB INTERNATIONAL LTD                     | HUB International Ltd                                                            | CUSIP: 44332PAG6<br>LEI: 549300JQT6ATTUNS5E06 | Long             | DBT              | CORP              | US        |   4934000 | PA      | $4329262.12   | 0.74%             | 2029-12-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR COMPANY                        | Ford Motor Co                                                                    | CUSIP: 345370CX6<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | DBT              | CORP              | US        |   3369000 | PA      | $3861011.86   | 0.66%             | 2030-04-22      | Fixed         | 9.62%                 | No            |                  2 | On Loan: No      |
| PETSMART INC/PETSMART FI                  | PetSmart Inc / PetSmart Finance Corp                                             | CUSIP: 71677KAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    150000 | PA      | $137220.00    | 0.02%             | 2028-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| BLACK KNIGHT INFOSERV LL                  | Black Knight InfoServ LLC                                                        | CUSIP: 092174AA9<br>LEI: 549300H5PS5C68DAUX66 | Long             | DBT              | CORP              | US        |    811000 | PA      | $730913.75    | 0.12%             | 2028-09-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| LIVE NATION ENTERTAINMEN                  | Live Nation Entertainment Inc                                                    | CUSIP: 538034AR0<br>LEI: 5493007B9BM9ZXJINO78 | Long             | DBT              | CORP              | US        |   2620000 | PA      | $2368545.50   | 0.40%             | 2027-10-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| GRIFOLS ESCROW ISSUER                     | Grifols Escrow Issuer SA                                                         | CUSIP: 39843UAA0<br>LEI: 959800HLB3PGTGSLVV62 | Long             | DBT              | CORP              | ES        |    946000 | PA      | $796002.24    | 0.14%             | 2028-10-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| SS&C TECHNOLOGIES INC                     | SS&C Technologies Inc                                                            | CUSIP: 78466CAC0<br>LEI: 549300KY09TR3J12JU49 | Long             | DBT              | CORP              | US        |  20492000 | PA      | $19617126.03  | 3.34%             | 2027-09-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| LPL HOLDINGS INC                          | LPL Holdings Inc                                                                 | CUSIP: 50212YAC8<br>LEI: 549300Z5YF8CCRMYUL26 | Long             | DBT              | CORP              | US        |   1045000 | PA      | $966656.35    | 0.16%             | 2027-11-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| MEDLINE BORROWER LP                       | Medline Borrower LP                                                              | CUSIP: 62482BAB8<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |   4833000 | PA      | $3944332.13   | 0.67%             | 2029-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| AVANTOR FUNDING INC                       | Avantor Funding Inc                                                              | CUSIP: 05352TAA7<br>LEI: 5493003VM0XB4U8YD238 | Long             | DBT              | CORP              | US        |   9754000 | PA      | $8986360.20   | 1.53%             | 2028-07-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| UNIVISION COMMUNICATIONS                  | Univision Communications Inc                                                     | CUSIP: 914906AU6<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |   2027000 | PA      | $1978333.59   | 0.34%             | 2027-06-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Asurion LLC                               | Asurion LLC                                                                      | CUSIP: 04649VAZ3<br>LEI: 549300KNQVXGIOXWK278 | Long             | LON              | CORP              | US        |   6925457 | PA      | $5325676.06   | 0.91%             | 2028-01-31      | Floating      | 9.32%                 | No            |                  2 | On Loan: No      |
| VICI PROPERTIES / NOTE                    | VICI Properties LP / VICI Note Co Inc                                            | CUSIP: 92564RAD7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     60000 | PA      | $54204.30     | 0.01%             | 2027-02-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Hyland Software Inc                       | Hyland Software Inc                                                              | CUSIP: 44908XAT5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2151184 | PA      | $2117582.23   | 0.36%             | 2024-07-01      | Floating      | 7.57%                 | No            |                  2 | On Loan: No      |
| ZAYO GROUP HOLDINGS INC                   | Zayo Group Holdings Inc                                                          | CUSIP: 98919VAA3<br>LEI: 529900Z6OTS7RT0V0I47 | Long             | DBT              | CORP              | US        |     61000 | PA      | $43791.29     | 0.01%             | 2027-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GROUP 1 AUTOMOTIVE INC                    | Group 1 Automotive Inc                                                           | CUSIP: 398905AN9<br>LEI: 549300US8QAZJLWYAF63 | Long             | DBT              | CORP              | US        |     83000 | PA      | $70504.72     | 0.01%             | 2028-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LIVE NATION ENTERTAINMEN                  | Live Nation Entertainment Inc                                                    | CUSIP: 538034AN9<br>LEI: 5493007B9BM9ZXJINO78 | Long             | DBT              | CORP              | US        |   4380000 | PA      | $4157637.21   | 0.71%             | 2026-03-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| SCIENCE APPLICATIONS INT                  | Science Applications International Corp                                          | CUSIP: 808625AA5<br>LEI: 549300LZPNZIXQGZPZ48 | Long             | DBT              | CORP              | US        |    235000 | PA      | $216862.70    | 0.04%             | 2028-04-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Portillo's Holdings LLC                   | Portillo's Holdings LLC                                                          | CUSIP: 73641VAG8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   7843382 | PA      | $7778046.96   | 1.32%             | 2024-09-06      | Floating      | 9.57%                 | No            |                  2 | On Loan: No      |
| DIAMOND SPORTS GR/DIAMON                  | Diamond Sports Group LLC / Diamond Sports Finance Co                             | CUSIP: 25277LAC0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   9524000 | PA      | $375721.80    | 0.06%             | 2027-08-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| BROADSTREET PARTNERS INC                  | BroadStreet Partners Inc                                                         | CUSIP: 11135RAA3<br>LEI: 549300BS9N54G8DD0R75 | Long             | DBT              | CORP              | US        |   2092000 | PA      | $1781641.34   | 0.30%             | 2029-04-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| SINCLAIR TELEVISION GROU                  | Sinclair Television Group Inc                                                    | CUSIP: 829259AW0<br>LEI: 549300CQGEN0CH65UD62 | Long             | DBT              | CORP              | US        |  17974000 | PA      | $15043519.04  | 2.56%             | 2027-02-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                               | Oracle Corp                                                                      | CUSIP: 68389XCH6<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1044772.55   | 0.18%             | 2029-11-09      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-01-19

**Name of Applicant:** First Trust High Yield Opportunities 2027 Term Fund

**Signature:** Donald P. Swade

**Name of Signer:** Donald P. Swade

**Title:** Treasurer, Chief Financial Officer and Chief Accounting Officer