# EDGAR Filing Document

**Accession Number:** 0000945908
**File Stem:** 0001752724-23-014637
**Filing Date:** 2023-1
**Character Count:** 170267
**Document Hash:** c4314e5e22e86982d67a0faf0b77a505
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-014637.hdr.sgml**: 20230126

**ACCESSION NUMBER**: 0001752724-23-014637

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221130

**FILED AS OF DATE**: 20230126

**DATE AS OF CHANGE**: 20230126

**PERIOD START**: 20230831

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FIDELITY COVINGTON TRUST
- **CENTRAL INDEX KEY:** 0000945908
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07319
- **FILM NUMBER:** 23556473

**BUSINESS ADDRESS:**
- **STREET 1:** 245 SUMMER STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02210
- **BUSINESS PHONE:** 617-563-7000

**MAIL ADDRESS:**
- **STREET 1:** 245 SUMMER STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02210

## Series and Classes Contracts Data

### Fidelity High Yield Factor ETF (Series ID: S000062078)

| Class ID   | Class Name                     | Ticker Symbol   |
|:---|:---|:---|
| C000201027 | Fidelity High Yield Factor ETF | FDHY            |

## Nport-Ex

**Quarterly Holdings Report**

**for**

**Fidelity**<sup>®</sup> **High Yield Factor ETF**

**November 30, 2022**

HIE-NPRT1-0123

1.9887637.104 ---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Nonconvertible Bonds - 95.6%** | &nbsp;&nbsp;**Nonconvertible Bonds - 95.6%** | &nbsp;&nbsp;**Nonconvertible Bonds - 95.6%** |
|  | Principal<br> Amount (a)<br>| Value ($)<br>|
| Aerospace - 3.3%  |  |  |
| Spirit Aerosystems, Inc. 9.375% 11/30/29 (b) | 2000000 | 2105000 |
| TransDigm, Inc.: |  |  |
|  4.875% 5/1/29  | 4029000 | 3515933 |
|  6.25% 3/15/26 (b) | 3054000 | 3039158 |
|  8% 12/15/25 (b) | 133000 | 135328 |
| TOTAL AEROSPACE |  | 8795419 |
| Air Transportation - 1.6%  |  |  |
| Air Canada 3.875% 8/15/26 (b) | 280000 | 256200 |
| Allegiant Travel Co. 7.25% 8/15/27 (b) | 320000 | 311725 |
| American Airlines, Inc. 11.75% 7/15/25 (b) | 534900 | 594024 |
| American Airlines, Inc. / AAdvantage Loyalty IP Ltd. 5.5% 4/20/26 (b) | 645634 | 626148 |
| Bristow Group, Inc. 6.875% 3/1/28 (b) | 166000 | 155055 |
| Spirit Loyalty Cayman Ltd. / Spirit IP Cayman Ltd. 8% 9/20/25 (b) | 1115000 | 1128938 |
| United Airlines, Inc. 4.375% 4/15/26 (b) | 762900 | 710279 |
| United Continental Holdings, Inc. 4.875% 1/15/25  | 369000 | 354325 |
| TOTAL AIR TRANSPORTATION |  | 4136694 |
| Automotive & Auto Parts - 4.1%  |  |  |
| Allison Transmission, Inc. 3.75% 1/30/31 (b) | 4455000 | 3730662 |
| Ford Motor Credit Co. LLC: |  |  |
|  2.9% 2/10/29  | 2800000 | 2294068 |
|  3.37% 11/17/23  | 787000 | 764289 |
|  4.687% 6/9/25  | 1143000 | 1099780 |
|  4.95% 5/28/27  | 2400000 | 2271288 |
| LCM Investments Holdings 4.875% 5/1/29 (b) | 276000 | 230764 |
| Thor Industries, Inc. 4% 10/15/29 (b) | 443000 | 352124 |
| TOTAL AUTOMOTIVE & AUTO PARTS |  | 10742975 |
| Banks & Thrifts - 0.7%  |  |  |
| AG TTMT Escrow Issuer LLC 8.625% 9/30/27 (b) | 500000 | 505145 |
| Jane Street Group LLC/JSG Finance, Inc. 4.5% 11/15/29 (b) | 165000 | 144858 |
| PennyMac Financial Services, Inc. 5.75% 9/15/31 (b) | 600000 | 479832 |
| UniCredit SpA 7.296% 4/2/34 (b)(c) | 289693 | 260917 |
| VistaJet Malta Finance PLC / XO Management Holding, Inc. 7.875% 5/1/27 (b) | 450000 | 407813 |
| TOTAL BANKS & THRIFTS |  | 1798565 |
| Broadcasting - 2.3%  |  |  |
| DISH Network Corp. 11.75% 11/15/27 (b) | 1000000 | 1027830 |
| Nexstar Broadcasting, Inc. 4.75% 11/1/28 (b) | 2147000 | 1910658 |
| Sirius XM Radio, Inc.: |  |  |
|  3.125% 9/1/26 (b) | 1970000 | 1778615 |
|  4.125% 7/1/30 (b) | 55000 | 46410 |
| Univision Communications, Inc.: |  |  |
|  4.5% 5/1/29 (b) | 692000 | 589065 |
|  7.375% 6/30/30 (b) | 505000 | 504000 |
| WMG Acquisition Corp. 3.75% 12/1/29 (b) | 300000 | 258750 |
| TOTAL BROADCASTING |  | 6115328 |
| Building Materials - 1.3%  |  |  |
| Advanced Drain Systems, Inc. 6.375% 6/15/30 (b) | 634000 | 610130 |
| Builders FirstSource, Inc. 4.25% 2/1/32 (b) | 1880000 | 1524042 |
| Camelot Return Merger Sub, Inc. 8.75% 8/1/28 (b) | 300000 | 270000 |
| Global Infrastructure Solutions, Inc. 5.625% 6/1/29 (b) | 350000 | 271250 |
| Standard Industries, Inc./New Jersey 4.375% 7/15/30 (b) | 867000 | 710940 |
| TOTAL BUILDING MATERIALS |  | 3386362 |
| Cable/Satellite TV - 3.6%  |  |  |
| CCO Holdings LLC/CCO Holdings Capital Corp.: |  |  |
|  4.25% 1/15/34 (b) | 3045000 | 2372055 |
|  4.5% 5/1/32  | 2005000 | 1654656 |
|  6.375% 9/1/29 (b) | 1640000 | 1562494 |
| CSC Holdings LLC: |  |  |
|  4.5% 11/15/31 (b) | 1550000 | 1181289 |
|  5% 11/15/31 (b) | 487000 | 307645 |
| DIRECTV Financing LLC / DIRECTV Financing Co-Obligor, Inc. 5.875% 8/15/27 (b) | 613000 | 562477 |
| DISH DBS Corp. 5.125% 6/1/29  | 2100000 | 1383480 |
| Dolya Holdco 18 DAC 5% 7/15/28 (b) | 650000 | 557219 |
| TOTAL CABLE/SATELLITE TV |  | 9581315 |
| Capital Goods - 2.0%  |  |  |
| ATS Automation Tooling System, Inc. 4.125% 12/15/28 (b) | 480000 | 411461 |
| EnerSys 4.375% 12/15/27 (b) | 1247000 | 1106713 |
| Patrick Industries, Inc. 4.75% 5/1/29 (b) | 1397000 | 1096645 |
| Resideo Funding, Inc. 4% 9/1/29 (b) | 3523000 | 2789793 |
| TOTAL CAPITAL GOODS |  | 5404612 |
| Chemicals - 2.8%  |  |  |
| CVR Partners LP 6.125% 6/15/28 (b) | 320000 | 288938 |
| INEOS Quattro Finance 2 PLC 3.375% 1/15/26 (b) | 480000 | 426758 |
| NOVA Chemicals Corp. 4.25% 5/15/29 (b) | 709000 | 591129 |
| Nufarm Australia Ltd. 5% 1/27/30 (b) | 455000 | 389594 |
| Olin Corp.: |  |  |
|  5% 2/1/30  | 2170300 | 1969591 |
|  5.125% 9/15/27  | 414000 | 388125 |
|  5.625% 8/1/29  | 617000 | 576566 |
| SPCM SA 3.375% 3/15/30 (b) | 750000 | 597188 |
| The Chemours Co. LLC 4.625% 11/15/29 (b) | 2280000 | 1835400 |
| Trinseo Materials Operating SCA/Trinseo Materials Finance, Inc. 5.125% 4/1/29 (b) | 400000 | 254500 |
| W.R. Grace Holding LLC 5.625% 8/15/29 (b) | 270000 | 222599 |
| TOTAL CHEMICALS |  | 7540388 |
| Consumer Products - 1.6%  |  |  |
| BlueLinx Corp. 6% 11/15/29 (b) | 425000 | 344250 |
| Ferrellgas LP/Ferrellgas Finance Corp. 5.375% 4/1/26 (b) | 556000 | 511520 |
| Grubhub Holdings, Inc. 5.5% 7/1/27 (b) | 286000 | 215036 |
| Newell Brands, Inc. 6.375% 9/15/27  | 1000000 | 991350 |
| PetSmart, Inc. / PetSmart Finance Corp. 4.75% 2/15/28 (b) | 115000 | 105067 |
| Prestige Brands, Inc. 3.75% 4/1/31 (b) | 401000 | 338813 |
| TripAdvisor, Inc. 7% 7/15/25 (b) | 1403000 | 1385626 |
| Vista Outdoor, Inc. 4.5% 3/15/29 (b) | 510000 | 387600 |
| TOTAL CONSUMER PRODUCTS |  | 4279262 |
| Containers - 0.5%  |  |  |
| CANPACK SA and Eastern PA Land Investment Holding LLC 3.875% 11/15/29 (b) | 1000000 | 787500 |
| Graphic Packaging International, Inc. 3.75% 2/1/30 (b) | 273000 | 231755 |
| Sealed Air Corp. 5% 4/15/29 (b) | 400000 | 372000 |
| TOTAL CONTAINERS |  | 1391255 |
| Diversified Financial Services - 11.8%  |  |  |
| BrightSphere Investment Group, Inc. 4.8% 7/27/26  | 1707000 | 1536300 |
| Burford Capital Global Finance LLC 6.25% 4/15/28 (b) | 600000 | 549793 |
| Cargo Aircraft Management, Inc. 4.75% 2/1/28 (b) | 810000 | 722925 |
| Castlelake Aviation Finance 5% 4/15/27 (b) | 414000 | 351863 |
| Compass Group Diversified Holdings LLC 5% 1/15/32 (b) | 500000 | 379424 |
| Credit Acceptance Corp. 6.625% 3/15/26  | 1479000 | 1397655 |
| Enova International, Inc. 8.5% 9/15/25 (b) | 525000 | 483000 |
| First Cash Financial Services, Inc. 5.625% 1/1/30 (b) | 3060000 | 2783495 |
| goeasy Ltd. 4.375% 5/1/26 (b) | 2962000 | 2599925 |
| Icahn Enterprises LP/Icahn Enterprises Finance Corp.: |  |  |
|  4.375% 2/1/29  | 2300000 | 1934875 |
|  5.25% 5/15/27  | 4520000 | 4147100 |
| Jefferies Finance LLC/JFIN Co-Issuer Corp. 5% 8/15/28 (b) | 345000 | 286940 |
| Ladder Capital Finance Holdings LLLP/Ladder Capital Finance Corp. 4.75% 6/15/29 (b) | 440000 | 359741 |
| LPL Holdings, Inc.: |  |  |
|  4% 3/15/29 (b) | 3000000 | 2617005 |
|  4.375% 5/15/31 (b) | 1599000 | 1374683 |
| MidCap Financial Issuer Trust 5.625% 1/15/30 (b) | 250000 | 199730 |
| Nationstar Mortgage Holdings, Inc.: |  |  |
|  5.75% 11/15/31 (b) | 860000 | 687673 |
|  6% 1/15/27 (b) | 500000 | 454555 |
| Navient Corp. 4.875% 3/15/28  | 900000 | 734666 |
| OneMain Finance Corp. 3.875% 9/15/28  | 3759000 | 2982391 |
| Oxford Finance LLC / Oxford Finance Co. 6.375% 2/1/27 (b) | 639000 | 595868 |
| PRA Group, Inc.: |  |  |
|  5% 10/1/29 (b) | 1881000 | 1562829 |
|  7.375% 9/1/25 (b) | 1171000 | 1136908 |
| StoneX Group, Inc. 8.625% 6/15/25 (b) | 1240000 | 1257050 |
| World Acceptance Corp. 7% 11/1/26 (b) | 100000 | 58750 |
| TOTAL DIVERSIFIED FINANCIAL SERVICES |  | 31195144 |
| Diversified Media - 0.7%  |  |  |
| Lamar Media Corp. 3.625% 1/15/31  | 2069000 | 1722856 |
| Energy - 15.6%  |  |  |
| Aethon United BR LP / Aethon United Finance Corp. 8.25% 2/15/26 (b) | 185000 | 184060 |
| Altus Midstream LP 5.875% 6/15/30 (b) | 240000 | 225530 |
| Antero Midstream Partners LP/Antero Midstream Finance Corp. 5.375% 6/15/29 (b) | 515000 | 475088 |
| Antero Resources Corp. 8.375% 7/15/26 (b) | 275000 | 289289 |
| Baytex Energy Corp. 8.75% 4/1/27 (b) | 145000 | 149491 |
| Buckeye Partners LP 4.5% 3/1/28 (b) | 330000 | 292875 |
| California Resources Corp. 7.125% 2/1/26 (b) | 140000 | 136150 |
| Cheniere Energy Partners LP 4.5% 10/1/29  | 485000 | 445230 |
| Chord Energy Corp. 6.375% 6/1/26 (b) | 508000 | 496570 |
| Citgo Petroleum Corp.: |  |  |
|  6.375% 6/15/26 (b) | 715000 | 698875 |
|  7% 6/15/25 (b) | 624000 | 614837 |
| Civitas Resources, Inc. 5% 10/15/26 (b) | 1088000 | 1002646 |
| CNX Midstream Partners LP 4.75% 4/15/30 (b) | 403000 | 336099 |
| Coronado Finance Pty Ltd. 10.75% 5/15/26 (b) | 160000 | 166000 |
| Crestwood Midstream Partners LP/Crestwood Midstream Finance Corp.: |  |  |
|  6% 2/1/29 (b) | 409000 | 377303 |
|  8% 4/1/29 (b) | 700000 | 705250 |
| Delek Logistics Partners LP 7.125% 6/1/28 (b) | 2263000 | 2096398 |
| DT Midstream, Inc. 4.125% 6/15/29 (b) | 800000 | 704880 |
| Energy Ventures GoM LLC / EnVen Finance Corp. 11.75% 4/15/26 (b) | 210000 | 216775 |
| EQT Corp. 7% 2/1/30  | 152000 | 159913 |
| Harvest Midstream I LP 7.5% 9/1/28 (b) | 250000 | 239375 |
| Hess Midstream Partners LP: |  |  |
|  4.25% 2/15/30 (b) | 175000 | 149625 |
|  5.5% 10/15/30 (b) | 125000 | 114580 |
| Hilcorp Energy I LP/Hilcorp Finance Co. 6.25% 11/1/28 (b) | 500000 | 476156 |
| Holly Energy Partners LP/Holly Energy Finance Corp. 5% 2/1/28 (b) | 460000 | 419135 |
| Independence Energy Finance LLC 7.25% 5/1/26 (b) | 552000 | 532868 |
| Leeward Renewable Energy LLC 4.25% 7/1/29 (b) | 537000 | 451563 |
| Matador Resources Co. 5.875% 9/15/26  | 165300 | 163726 |
| Moss Creek Resources Holdings, Inc. 7.5% 1/15/26 (b) | 310000 | 288424 |
| Murphy Oil Corp.: |  |  |
|  5.75% 8/15/25  | 543000 | 540586 |
|  6.375% 7/15/28  | 20000 | 19595 |
| Nabors Industries, Inc. 7.375% 5/15/27 (b) | 200000 | 194500 |
| New Fortress Energy, Inc. 6.5% 9/30/26 (b) | 5873000 | 5675977 |
| Northern Oil & Gas, Inc. 8.125% 3/1/28 (b) | 200000 | 195278 |
| NuStar Logistics LP 5.625% 4/28/27  | 160000 | 150458 |
| Occidental Petroleum Corp.: |  |  |
|  6.125% 1/1/31  | 3410000 | 3459769 |
|  6.625% 9/1/30  | 2201000 | 2296160 |
|  7.5% 5/1/31  | 260000 | 282100 |
| Oceaneering International, Inc. 4.65% 11/15/24  | 301000 | 291702 |
| Patterson-UTI Energy, Inc. 5.15% 11/15/29  | 270000 | 241609 |
| PBF Holding Co. LLC/PBF Finance Corp. 6% 2/15/28  | 465000 | 424433 |
| PDC Energy, Inc. 6.125% 9/15/24  | 433000 | 428670 |
| Perenti Finance Pty Ltd. 6.5% 10/7/25 (b) | 530000 | 494490 |
| Range Resources Corp. 8.25% 1/15/29  | 799000 | 833573 |
| Rockcliff Energy II LLC 5.5% 10/15/29 (b) | 480000 | 440400 |
| Rockies Express Pipeline LLC 4.8% 5/15/30 (b) | 704000 | 598773 |
| SM Energy Co. 6.75% 9/15/26  | 450000 | 441000 |
| Southwestern Energy Co. 7.75% 10/1/27  | 350000 | 360079 |
| Summit Midstream Holdings LLC 8.5% (b)(d) | 300000 | 287933 |
| Sunoco LP/Sunoco Finance Corp.: |  |  |
|  4.5% 5/15/29  | 1728000 | 1496253 |
|  4.5% 4/30/30  | 1600000 | 1388176 |
|  5.875% 3/15/28  | 927000 | 882917 |
| Superior Plus LP / Superior General Partner, Inc. 4.5% 3/15/29 (b) | 104000 | 88811 |
| Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp. 6% 9/1/31 (b) | 500000 | 445625 |
| Tap Rock Resources LLC 7% 10/1/26 (b) | 240000 | 224400 |
| Tervita Corp. 11% 12/1/25 (b) | 510000 | 554625 |
| U.S.A. Compression Partners LP: |  |  |
|  6.875% 4/1/26  | 2131000 | 2040433 |
|  6.875% 9/1/27  | 196000 | 187121 |
| Venture Global Calcasieu Pass LLC 4.125% 8/15/31 (b) | 248000 | 213900 |
| Weatherford International Ltd. 6.5% 9/15/28 (b) | 700000 | 672000 |
| Western Gas Partners LP: |  |  |
|  3.35% 2/1/25  | 2276000 | 2181569 |
|  4.5% 3/1/28  | 92000 | 85330 |
|  5.5% 2/1/50  | 715000 | 582725 |
| TOTAL ENERGY |  | 41309681 |
| Entertainment/Film - 0.5%  |  |  |
| Live Nation Entertainment, Inc. 4.875% 11/1/24 (b) | 1364000 | 1342681 |
| Environmental - 1.3%  |  |  |
| Covanta Holding Corp. 4.875% 12/1/29 (b) | 630000 | 532350 |
| Darling Ingredients, Inc. 6% 6/15/30 (b) | 315000 | 307185 |
| GFL Environmental, Inc. 4% 8/1/28 (b) | 2426000 | 2081278 |
| Madison IAQ LLC 4.125% 6/30/28 (b) | 571000 | 493795 |
| TOTAL ENVIRONMENTAL |  | 3414608 |
| Food & Drug Retail - 0.5%  |  |  |
| BellRing Brands, Inc. 7% 3/15/30 (b) | 350000 | 338132 |
| Emergent BioSolutions, Inc. 3.875% 8/15/28 (b) | 695000 | 312750 |
| Parkland Corp. 5.875% 7/15/27 (b) | 614000 | 588771 |
| TOTAL FOOD & DRUG RETAIL |  | 1239653 |
| Food/Beverage/Tobacco - 3.7%  |  |  |
| Lamb Weston Holdings, Inc. 4.125% 1/31/30 (b) | 1012000 | 894993 |
| Performance Food Group, Inc. 4.25% 8/1/29 (b) | 5160000 | 4585537 |
| Pilgrim's Pride Corp. 3.5% 3/1/32 (b) | 2400000 | 1931784 |
| Turning Point Brands, Inc. 5.625% 2/15/26 (b) | 1420000 | 1236214 |
| Vector Group Ltd. 5.75% 2/1/29 (b) | 1330000 | 1155198 |
| TOTAL FOOD/BEVERAGE/TOBACCO |  | 9803726 |
| Gaming - 1.4%  |  |  |
| Caesars Entertainment, Inc. 6.25% 7/1/25 (b) | 832300 | 822564 |
| CDI Escrow Issuer, Inc. 5.75% 4/1/30 (b) | 1500000 | 1391445 |
| MGM Resorts International 6.75% 5/1/25  | 151000 | 150280 |
| Raptor Acquisition Corp. / Raptor Co-Issuer LLC 4.875% 11/1/26 (b) | 677000 | 597169 |
| Wynn Resorts Finance LLC / Wynn Resorts Capital Corp. 7.75% 4/15/25 (b) | 671000 | 672423 |
| TOTAL GAMING |  | 3633881 |
| Healthcare - 3.4%  |  |  |
| AMN Healthcare 4% 4/15/29 (b) | 1180000 | 1035273 |
| Avantor Funding, Inc. 3.875% 11/1/29 (b) | 1394000 | 1195355 |
| Bausch Health Companies, Inc. 4.875% 6/1/28 (b) | 3392000 | 2077939 |
| Community Health Systems, Inc. 4.75% 2/15/31 (b) | 2000000 | 1465380 |
| CTR Partnership LP/CareTrust Capital Corp. 3.875% 6/30/28 (b) | 345000 | 294734 |
| DaVita HealthCare Partners, Inc. 3.75% 2/15/31 (b) | 919000 | 675465 |
| Modivcare, Inc. 5.875% 11/15/25 (b) | 895000 | 826352 |
| Mozart Borrower LP 5.25% 10/1/29 (b) | 885000 | 721275 |
| Organon & Co. / Organon Foreign Debt Co-Issuer BV: |  |  |
|  4.125% 4/30/28 (b) | 533000 | 479689 |
|  5.125% 4/30/31 (b) | 186000 | 165058 |
| TOTAL HEALTHCARE |  | 8936520 |
| Homebuilders/Real Estate - 3.0%  |  |  |
| American Finance Trust, Inc./American Finance Operating Partnership LP 4.5% 9/30/28 (b) | 1015000 | 776475 |
| Arcosa, Inc. 4.375% 4/15/29 (b) | 270000 | 234808 |
| Ashton Woods U.S.A. LLC/Ashton Woods Finance Co. 4.625% 4/1/30 (b) | 185000 | 142450 |
| Blackstone Mortgage Trust, Inc. 3.75% 1/15/27 (b) | 945000 | 823430 |
| Brookfield Property REIT, Inc./BPR Nimbus LLC/BPR Cumulus LLC/GGSI Sellco LLC 4.5% 4/1/27 (b) | 1093000 | 956792 |
| HAT Holdings I LLC/HAT Holdings II LLC: |  |  |
|  3.375% 6/15/26 (b) | 1667000 | 1449973 |
|  6% 4/15/25 (b) | 795000 | 768057 |
| iStar Financial, Inc. 4.25% 8/1/25  | 365000 | 356112 |
| Kennedy-Wilson, Inc. 4.75% 2/1/30  | 75000 | 59438 |
| LGI Homes, Inc. 4% 7/15/29 (b) | 860000 | 649268 |
| Service Properties Trust 7.5% 9/15/25  | 408300 | 395030 |
| Starwood Property Trust, Inc.: |  |  |
|  3.75% 12/31/24 (b) | 977000 | 923265 |
|  4.375% 1/15/27 (b) | 502000 | 449119 |
| TOTAL HOMEBUILDERS/REAL ESTATE |  | 7984217 |
| Hotels - 1.4%  |  |  |
| Carnival Holdings (Bermuda) Ltd. 10.375% 5/1/28 (b) | 625000 | 650750 |
| Hilton Domestic Operating Co., Inc. 3.75% 5/1/29 (b) | 2050000 | 1819191 |
| Travel+Leisure Co. 6.625% 7/31/26 (b) | 370000 | 362543 |
| Wyndham Hotels & Resorts, Inc. 4.375% 8/15/28 (b) | 933000 | 834346 |
| TOTAL HOTELS |  | 3666830 |
| Insurance - 0.9%  |  |  |
| Alliant Holdings Intermediate LLC 4.25% 10/15/27 (b) | 900000 | 810000 |
| AmWINS Group, Inc. 4.875% 6/30/29 (b) | 200000 | 172826 |
| MGIC Investment Corp. 5.25% 8/15/28  | 645000 | 586888 |
| NMI Holdings, Inc. 7.375% 6/1/25 (b) | 747000 | 751011 |
| TOTAL INSURANCE |  | 2320725 |
| Leisure - 2.1%  |  |  |
| Carnival Corp.: |  |  |
|  4% 8/1/28 (b) | 2520000 | 2091600 |
|  6% 5/1/29 (b) | 472000 | 334226 |
|  9.875% 8/1/27 (b) | 410000 | 394625 |
| Royal Caribbean Cruises Ltd.: |  |  |
|  5.5% 8/31/26 (b) | 1300000 | 1127750 |
|  11.625% 8/15/27 (b) | 1500000 | 1526250 |
| Viking Ocean Cruises Ship VII Ltd. 5.625% 2/15/29 (b) | 235000 | 188000 |
| TOTAL LEISURE |  | 5662451 |
| Metals/Mining - 3.0%  |  |  |
| Cleveland-Cliffs, Inc. 5.875% 6/1/27  | 596000 | 564174 |
| Eldorado Gold Corp. 6.25% 9/1/29 (b) | 300000 | 249375 |
| ERO Copper Corp. 6.5% 2/15/30 (b) | 500000 | 385313 |
| First Quantum Minerals Ltd. 6.875% 10/15/27 (b) | 390000 | 369946 |
| FMG Resources Pty Ltd.: |  |  |
|  4.375% 4/1/31 (b) | 127000 | 106465 |
|  5.875% 4/15/30 (b) | 4740000 | 4439247 |
| HudBay Minerals, Inc. 4.5% 4/1/26 (b) | 621000 | 562406 |
| Mineral Resources Ltd.: |  |  |
|  8% 11/1/27 (b) | 485000 | 498289 |
|  8.125% 5/1/27 (b) | 883000 | 892737 |
| TOTAL METALS/MINING |  | 8067952 |
| Paper - 0.8%  |  |  |
| Ardagh Metal Packaging Finance U.S.A. LLC/Ardagh Metal Packaging Finance PLC 6% 6/15/27 (b) | 360000 | 351436 |
| Louisiana-Pacific Corp. 3.625% 3/15/29 (b) | 700000 | 582778 |
| Resolute Forest Products, Inc. 4.875% 3/1/26 (b) | 515000 | 508563 |
| Sylvamo Corp. 7% 9/1/29 (b) | 600000 | 582000 |
| TOTAL PAPER |  | 2024777 |
| Restaurants - 1.9%  |  |  |
| 1011778 BC Unlimited Liability Co./New Red Finance, Inc.: |  |  |
|  3.5% 2/15/29 (b) | 370000 | 315478 |
|  4% 10/15/30 (b) | 3015000 | 2539112 |
| Garden SpinCo Corp. 8.625% 7/20/30 (b) | 115000 | 122089 |
| Yum! Brands, Inc.: |  |  |
|  4.75% 1/15/30 (b) | 130000 | 118950 |
|  5.375% 4/1/32  | 2230000 | 2068481 |
| TOTAL RESTAURANTS |  | 5164110 |
| Services - 5.6%  |  |  |
| Allied Universal Holdco LLC / Allied Universal Finance Corp. 6.625% 7/15/26 (b) | 723000 | 686850 |
| Aramark Services, Inc. 5% 4/1/25 (b) | 150000 | 146250 |
| Avis Budget Car Rental LLC/Avis Budget Finance, Inc. 5.75% 7/15/27 (b) | 518000 | 477967 |
| Booz Allen Hamilton, Inc. 4% 7/1/29 (b) | 502000 | 445088 |
| CoreCivic, Inc. 8.25% 4/15/26  | 324000 | 330982 |
| Fair Isaac Corp. 4% 6/15/28 (b) | 2023000 | 1851045 |
| Fluor Corp. 4.25% 9/15/28  | 517000 | 470491 |
| Iron Mountain, Inc.: |  |  |
|  5% 7/15/28 (b) | 2507000 | 2279828 |
|  5.25% 7/15/30 (b) | 415000 | 373500 |
| Neptune BidCo U.S., Inc. 9.29% 4/15/29 (b) | 400000 | 385212 |
| TriNet Group, Inc. 3.5% 3/1/29 (b) | 2691000 | 2236894 |
| United Rentals North America, Inc. 6% 12/15/29 (b) | 5000000 | 5025000 |
| WASH Multifamily Acquisition, Inc. 5.75% 4/15/26 (b) | 270000 | 253076 |
| TOTAL SERVICES |  | 14962183 |
| Steel - 0.5%  |  |  |
| Carpenter Technology Corp. 7.625% 3/15/30  | 500000 | 501525 |
| Commercial Metals Co. 4.125% 1/15/30  | 1000000 | 860547 |
| TOTAL STEEL |  | 1362072 |
| Super Retail - 1.9%  |  |  |
| Asbury Automotive Group, Inc.: |  |  |
|  4.75% 3/1/30  | 1614000 | 1379839 |
|  5% 2/15/32 (b) | 605000 | 511157 |
| Bath & Body Works, Inc. 9.375% 7/1/25 (b) | 980000 | 1027525 |
| Group 1 Automotive, Inc. 4% 8/15/28 (b) | 2198000 | 1864452 |
| Sonic Automotive, Inc. 4.875% 11/15/31 (b) | 450000 | 359586 |
| TOTAL SUPER RETAIL |  | 5142559 |
| Technology - 6.6%  |  |  |
| Atkore, Inc. 4.25% 6/1/31 (b) | 892000 | 751510 |
| Consensus Cloud Solutions, Inc. 6.5% 10/15/28 (b) | 988000 | 896611 |
| Go Daddy Operating Co. LLC / GD Finance Co., Inc. 3.5% 3/1/29 (b) | 480000 | 405638 |
| Holdco SASU 7% 10/15/28 (b) | 485000 | 457845 |
| Iron Mountain Information Management Services, Inc. 5% 7/15/32 (b) | 3065000 | 2589894 |
| Match Group Holdings II LLC 3.625% 10/1/31 (b) | 2350000 | 1795804 |
| MicroStrategy, Inc. 6.125% 6/15/28 (b) | 195000 | 144232 |
| NortonLifeLock, Inc. 6.75% 9/30/27 (b) | 3000000 | 3012930 |
| Open Text Holdings, Inc. 4.125% 12/1/31 (b) | 2100000 | 1629810 |
| Picard Midco, Inc. 6.5% 3/31/29 (b) | 1149000 | 1003526 |
| PTC, Inc. 3.625% 2/15/25 (b) | 440000 | 419436 |
| Seagate HDD Cayman 3.125% 7/15/29  | 3532203 | 2733797 |
| Uber Technologies, Inc. 7.5% 5/15/25 (b) | 1387000 | 1395404 |
| Xerox Corp. 4.8% 3/1/35  | 250000 | 165138 |
| TOTAL TECHNOLOGY |  | 17401575 |
| Telecommunications - 3.1%  |  |  |
| Altice Financing SA 5.75% 8/15/29 (b) | 700000 | 572432 |
| Altice France SA: |  |  |
|  5.125% 7/15/29 (b) | 1390000 | 1078265 |
|  5.5% 10/15/29 (b) | 410000 | 323356 |
| Cogent Communications Group, Inc. 7% 6/15/27 (b) | 1950000 | 1901250 |
| Dycom Industries, Inc. 4.5% 4/15/29 (b) | 1155000 | 991960 |
| Frontier Communications Holdings LLC: |  |  |
|  5% 5/1/28 (b) | 1163000 | 1035070 |
|  6% 1/15/30 (b) | 355000 | 290489 |
|  8.75% 5/15/30 (b) | 305000 | 315523 |
| Lumen Technologies, Inc. 4.5% 1/15/29 (b) | 755000 | 511248 |
| Sabre GLBL, Inc. 9.25% 4/15/25 (b) | 254900 | 254263 |
| Telecom Italia Capital SA 7.2% 7/18/36  | 1031000 | 854596 |
| Windstream Escrow LLC 7.75% 8/15/28 (b) | 251000 | 219625 |
| TOTAL TELECOMMUNICATIONS |  | 8348077 |
| Textiles/Apparel - 0.1%  |  |  |
| Foot Locker, Inc. 4% 10/1/29 (b) | 127000 | 104719 |
| Kontoor Brands, Inc. 4.125% 11/15/29 (b) | 250000 | 203575 |
| TOTAL TEXTILES/APPAREL |  | 308294 |
| Transportation Ex Air/Rail - 0.8%  |  |  |
| XPO Escrow Sub LLC 7.5% 11/15/27 (b) | 2000000 | 2030000 |
| Utilities - 1.2%  |  |  |
| Calpine Corp. 3.75% 3/1/31 (b) | 1176000 | 968964 |
| NRG Energy, Inc. 3.875% 2/15/32 (b) | 736000 | 591667 |
| Solaris Midstream Holdings LLC 7.625% 4/1/26 (b) | 346000 | 340810 |
| TransAlta Corp. 7.75% 11/15/29  | 290000 | 297975 |
| Vistra Operations Co. LLC 5.625% 2/15/27 (b) | 1148000 | 1110636 |
| TOTAL UTILITIES |  | 3310052 |
| <br> **TOTAL NONCONVERTIBLE BONDS**<br> (Cost $276,995,252) |  | <br> **253526799** |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Preferred Securities - 0.0%** | &nbsp;&nbsp;**Preferred Securities - 0.0%** | &nbsp;&nbsp;**Preferred Securities - 0.0%** |
|  | Principal<br> Amount (a)<br>| Value ($)<br>|
| Energy - 0.0%  |  |  |
| DCP Midstream Partners LP 7.375% (c)(d)<br> (Cost $132,849) | 143000 | **143029** |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Money Market Funds - 3.5%** | &nbsp;&nbsp;**Money Market Funds - 3.5%** | &nbsp;&nbsp;**Money Market Funds - 3.5%** |
|  | Shares | Value ($)<br>|
| Fidelity Cash Central Fund 3.86% (e) <br>(Cost $9,268,791) <br>| 9266938 | **9268791** |

---

---

| | |
|:---|:---|
| <br> **TOTAL INVESTMENT IN SECURITIES - 99.1%**<br> (Cost $286,396,892)<br>| <br>**262938619** |
| **NET OTHER ASSETS (LIABILITIES) - 0.9%**  | **2311192** |
| **NET ASSETS - 100.0%** | **265249811** |

---

**Legend**

(a) Amount is stated in United States dollars unless otherwise noted.

(b) Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At the end of the period, the value of these securities amounted to $190,649,085 or 71.9% of net assets.

(c) Coupon rates for floating and adjustable rate securities reflect the rates in effect at period end.

(d) Security is perpetual in nature with no stated maturity date.

(e) Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.

**Affiliated Central Funds**

Fiscal year to date information regarding the Fund's investments in Fidelity Central Funds, including the ownership percentage, is presented below.

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Affiliate  | Value,<br> beginning<br> of period ($) | Purchases ($) | Sales<br> Proceeds ($) | Dividend<br> Income ($) | Realized<br> Gain (loss) ($) | Change in<br> Unrealized<br> appreciation<br> (depreciation) ($) | Value,<br> end<br> of period ($) | % ownership,<br> end<br> of period |
| Fidelity Cash Central Fund 3.86% | 7518427 | 23069912 | 21319548 | 92861 | - | - | 9268791 | 0.0% |
| Total | 7518427 | 23069912 | 21319548 | 92861 | - | - | 9268791 |  |

---

Amounts in the income column in the above table include any capital gain distributions from underlying funds.

**Investment Valuation**

Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Securities transactions are accounted for as of trade date. The Board of Trustees (the Board) has designated the Fund's investment adviser as the valuation designee responsible for the fair valuation function and performing fair value determinations as needed. The investment adviser has established a Fair Value Committee (the Committee) to carry out the day-to-day fair valuation responsibilities and has adopted policies and procedures to govern the fair valuation process and the activities of the Committee. In accordance with these fair valuation policies and procedures, which have been approved by the Board, the Fund attempts to obtain prices from one or more third party pricing services or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the Committee, in accordance with the policies and procedures. Factors used in determining fair value vary by investment type and may include market or investment specific events, transaction data, estimated cash flows, and market observations of comparable investments. The frequency that the fair valuation procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee manages the Fund's fair valuation practices and maintains the fair valuation policies and procedures. The Fund's investment adviser reports to the Board information regarding the fair valuation process and related material matters.

The inputs to valuation techniques used to value investments are categorized into a disclosure hierarchy consisting of three levels as shown below:

Level 1 - Unadjusted quoted prices in active markets for identical investments

Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, etc.)

Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available)

Valuation techniques used to value investments by major category are as follows:

Debt securities, including restricted securities, are valued based on evaluated prices received from third party pricing services or from brokers who make markets in such securities. Nonconvertible Bonds and Preferred Securities are valued by pricing services who utilize matrix pricing which considers yield or price of bonds of comparable quality, coupon, maturity and type or by broker-supplied prices. When independent prices are unavailable or unreliable, debt securities may be valued utilizing pricing methodologies which consider similar factors that would be used by third party pricing services. Debt securities are generally categorized as Level 2 in the hierarchy but may be Level 3 depending on the circumstances.

The Fund invests a significant portion of its assets in below investment grade securities. The value of these securities can be more volatile due to changes in the credit quality of the issuer and is sensitive to changes in economic, market and regulatory conditions.

Investments in any open-end mutual funds are valued at their closing net asset value (NAV) each business day and are categorized as Level 1 in the hierarchy.

Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy.

For additional information on the Fund's significant accounting policies, please refer to the Fund's most recent semiannual or annual shareholder report.

*The fund's schedule of investments as of the date on the cover of this report has not been audited. This report is provided for the general information of the fund's shareholders. For more information regarding the fund and its holdings, please see the fund's most recent prospectus and annual report.*

*Third party trademarks and service marks are the property of their respective owners. All other trademarks and service marks are the property of FMR LLC or an affiliate.*

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Fidelity Covington Trust

- **b. Investment Company Act file number:** 811-07319

- **c. CIK number of Registrant:** 0000945908

- **d. LEI of Registrant:** 549300JFYFTF85QAQR28

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

  - **Street Address 1:** 245 Summer Street

  - **City:** Boston

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02210

  - **Telephone number:** 1-800-FIDELITY

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

- **a. Name of Series:** Fidelity High Yield Factor ETF

- **b. EDGAR series identifier (if any):** S000062078

- **c. LEI of Series:** 549300D7SA33P7KJDO35

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

- **a. Date of fiscal year-end:** 2023-08-31

- **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:** $266715937.99

**Total Liabilities:** $1339334.16

**Net Assets:** $265376603.83

**Cash Not Reported:** $169164.58

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 1268.86128475 | **1-Year:** 4184.53211368 | **5-Year:** 5684.92106736 | **10-Year:** 789.57395616 | **30-Year:** 114.16799560

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

- **3-Month:** 13202.14032879 | **1-Year:** 41426.15613297 | **5-Year:** 51735.76419343 | **10-Year:** 9450.37998066 | **30-Year:** 99.28188070

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000201027 | -3.80%               | 2.92%                | 2.32%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-2266854.89             | $-9425799.02                               |
| Month 2  | $-207329.44              | $6228280.93                                |
| Month 3  | $-2010224.95             | $6822248.78                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| HILCORP ENERGY I LP/FIN CO                                                       | HILCORP ENERGY I LP/FIN CO 6.25% 11/01/2028 144A                                                      | CUSIP: 431318AS3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $476156.25    | 0.18%             | 2028-11-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| OCEANEERING INTERNATIONAL INC                                                    | OCEANEERING INTERNATIONAL INC 4.65% 11/15/2024                                                        | CUSIP: 675232AA0<br>LEI: 549300L6PH74701W0R30 | Long             | DBT              | CORP              | US        |    301000 | PA      | $291702.11    | 0.11%             | 2024-11-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| OLIN CORP                                                                        | OLIN CORP 5% 02/01/2030                                                                               | CUSIP: 680665AK2<br>LEI: 549300GKK294V7W57P06 | Long             | DBT              | CORP              | US        |   2170300 | PA      | $1969590.66   | 0.74%             | 2030-02-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PENNYMAC FINANCIAL SERVICES INC                                                  | PENNYMAC FINANCIAL SERVICES INC 5.75% 09/15/2031 144A                                                 | CUSIP: 70932MAC1<br>LEI: 549300W1D516HBDEU871 | Long             | DBT              | CORP              | US        |    600000 | PA      | $479832.00    | 0.18%             | 2031-09-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| CORECIVIC INC                                                                    | CORECIVIC INC 8.25% 04/15/2026                                                                        | CUSIP: 21871NAB7<br>LEI: 529900JFA3K6PTLT8B15 | Long             | DBT              | CORP              | US        |    324000 | PA      | $330981.73    | 0.12%             | 2026-04-15      | Fixed         | 0.08%                 | No            |                  2 | On Loan: No      |
| AETHON UNITED BR LP / AETHON UNITED FINANCE CORP                                 | AETHON UNITED BR LP / AETHON UNITED FINANCE CORP 8.25% 02/15/2026 144A                                | CUSIP: 00810GAC8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    185000 | PA      | $184060.35    | 0.07%             | 2026-02-15      | Fixed         | 0.08%                 | No            |                  2 | On Loan: No      |
| NEW FORTRESS ENERGY INC                                                          | NEW FORTRESS ENERGY INC 6.5% 09/30/2026 144A                                                          | CUSIP: 644393AB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5873000 | PA      | $5675990.22   | 2.14%             | 2026-09-30      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| AMWINS GROUP INC                                                                 | AMWINS GROUP INC 4.875% 06/30/2029 144A                                                               | CUSIP: 031921AB5<br>LEI: 549300SJE7MUB8NMRG61 | Long             | DBT              | CORP              | US        |    200000 | PA      | $172826.38    | 0.07%             | 2029-06-30      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| FMG RESOURCES AUG'06 PTY LTD                                                     | FMG RES AUGUST 2006 PTY LTD 5.875% 04/15/2030 144A                                                    | CUSIP: 30251GBD8<br>LEI: 549300EFD6S2NFE9D745 | Long             | DBT              | CORP              | AU        |   4740000 | PA      | $4439247.00   | 1.67%             | 2030-04-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| UNITED AIRLINES INC                                                              | UNITED AIRLINES INC 4.375% 04/15/2026 144A                                                            | CUSIP: 90932LAG2<br>LEI: K1OQBWM7XEOO08LDNP29 | Long             | DBT              | CORP              | US        |    762900 | PA      | $710279.13    | 0.27%             | 2026-04-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| WR GRACE HOLDING LLC                                                             | WR GRACE HOLDING LLC 5.625% 08/15/2029 144A                                                           | CUSIP: 92943GAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    270000 | PA      | $222598.80    | 0.08%             | 2029-08-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| MGM RESORTS INTERNATIONAL                                                        | MGM RESORTS INTERNATIONAL 6.75% 05/01/2025                                                            | CUSIP: 552953CG4<br>LEI: 54930066VBP7DZEGGJ87 | Long             | DBT              | CORP              | US        |    151000 | PA      | $150279.81    | 0.06%             | 2025-05-01      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| TURNING POINT BRANDS INC                                                         | TURNING POINT BRANDS INC 5.625% 02/15/2026 144A                                                       | CUSIP: 90041LAF2<br>LEI: 549300IYG00QF0VVP302 | Long             | DBT              | CORP              | US        |   1420000 | PA      | $1236213.57   | 0.47%             | 2026-02-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| CRESTWOOD MIDSTREAM PARTNERS LP/CRESTWOOD MIDSTREAM FIN CORP                     | CRESTWOOD MIDSTRM PTN/FIN CORP 8% 04/01/2029 144A                                                     | CUSIP: 67421QAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    700000 | PA      | $705250.00    | 0.27%             | 2029-04-01      | Fixed         | 0.08%                 | No            |                  2 | On Loan: No      |
| CHENIERE ENERGY PARTNERS LP                                                      | CHENIERE ENERGY PARTNERS LP 4.5% 10/01/2029                                                           | CUSIP: 16411QAG6<br>LEI: 5493005UEC8AZ34LDV29 | Long             | DBT              | CORP              | US        |    485000 | PA      | $445230.00    | 0.17%             | 2029-10-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| OCCIDENTAL PETROLEUM CORP                                                        | OCCIDENTAL PETROLEUM CORP 6.125% 01/01/2031                                                           | CUSIP: 674599EF8<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |   3410000 | PA      | $3459768.95   | 1.30%             | 2031-01-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| ENOVA INTERNATIONAL INC                                                          | ENOVA INTL INC 8.5% 09/15/2025 144A                                                                   | CUSIP: 29357KAF0<br>LEI: 549300O8XOCQSB49UO63 | Long             | DBT              | CORP              | US        |    525000 | PA      | $483000.00    | 0.18%             | 2025-09-15      | Fixed         | 0.09%                 | No            |                  2 | On Loan: No      |
| NATIONSTAR MTG HLDGS INC                                                         | NATIONSTAR MTG HLDGS INC 6% 01/15/2027 144A                                                           | CUSIP: 63861CAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $454555.00    | 0.17%             | 2027-01-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| SPIRIT LOYALTY CAYMAN LTD / SPIRIT IP CAYMAN LTD                                 | SPIRIT LOYALTY CAYMAN LTD / SPIRIT IP CAYMAN LTD 8% 09/20/2025 144A                                   | CUSIP: 84859BAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |   1115000 | PA      | $1128937.50   | 0.43%             | 2025-09-20      | Fixed         | 0.08%                 | No            |                  2 | On Loan: No      |
| ERO COPPER CORP                                                                  | ERO COPPER CORP 6.5% 02/15/2030 144A                                                                  | CUSIP: 296006AA7<br>LEI: 549300KL8A21SEIO8I47 | Long             | DBT              | CORP              | CA        |    500000 | PA      | $385312.50    | 0.15%             | 2030-02-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| CORONADO FINANCE PTY LTD                                                         | CORONADO FINANCE PTY LTD 10.75% 05/15/2026 144A                                                       | CUSIP: 21979LAA4<br>LEI: 549300NS5FS0W548RE27 | Long             | DBT              | CORP              | AU        |    160000 | PA      | $166000.00    | 0.06%             | 2026-05-15      | Fixed         | 0.11%                 | No            |                  2 | On Loan: No      |
| WASH MULTIFAMILY ACQUISITION INC                                                 | WASH MULTIFAMILY ACQUISITION INC 5.75% 04/15/2026 144A                                                | CUSIP: 93710WAA3<br>LEI: 549300AS7PRY5PHG6L12 | Long             | DBT              | CORP              | US        |    270000 | PA      | $253076.40    | 0.10%             | 2026-04-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| DELEK LOGISTICS PARTNERS LP / DELEK LOGISTICS FIN CORP                           | DELEK LOGISTICS PARTNERS LP / DELEK LOGISTICS FIN CORP 7.125% 06/01/2028 144A                         | CUSIP: 24665FAC6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2263000 | PA      | $2096397.94   | 0.79%             | 2028-06-01      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS CO LLC                                                         | VISTRA OPERATIONS CO LLC 5.625% 02/15/2027 144A                                                       | CUSIP: 92840VAB8<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |   1148000 | PA      | $1110636.19   | 0.42%             | 2027-02-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| TELECOM ITALIA CAP                                                               | TELECOM ITALIA CAP 7.2% 07/18/2036                                                                    | CUSIP: 87927VAR9<br>LEI: 549300777DJZOR5C4L39 | Long             | DBT              | CORP              | LU        |   1031000 | PA      | $854595.90    | 0.32%             | 2036-07-18      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| SUNOCO LP / SUNOCO FIN CORP                                                      | SUNOCO LP / SUNOCO FIN CORP 4.5% 05/15/2029                                                           | CUSIP: 86765LAT4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1728000 | PA      | $1496253.08   | 0.56%             | 2029-05-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                                                                    | CARNIVAL CORP 4% 08/01/2028 144A                                                                      | CUSIP: 143658BQ4<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |   2520000 | PA      | $2091600.00   | 0.79%             | 2028-08-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| ARDAGH METAL PACKAGING FINANCE USA LLC/ARDAGH METAL PACKAGING FINANCE PLC        | ARDAGH METAL PACKAGING FINANCE USA LLC/ARDAGH METAL PACKAGING FINANCE PLC 6% 06/15/2027 144A          | CUSIP: 03969YAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    360000 | PA      | $351435.60    | 0.13%             | 2027-06-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| ORGANON and CO / ORGANON FOREIGN DEBT CO-ISSUER BV                               | ORGANON and CO / ORGANON FOREIGN DEBT CO-ISSUER BV 5.125% 04/30/2031 144A                             | CUSIP: 68622TAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    186000 | PA      | $165058.26    | 0.06%             | 2031-04-30      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PATRICK INDUSTRIES INC                                                           | PATRICK INDUSTRIES INC 4.75% 05/01/2029 144A                                                          | CUSIP: 703343AD5<br>LEI: 549300FZ5ZTCCJ3Z5W14 | Long             | DBT              | CORP              | US        |   1397000 | PA      | $1096645.00   | 0.41%             | 2029-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                                                                    | CARNIVAL CORP 6% 05/01/2029 144A                                                                      | CUSIP: 143658BR2<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |    472000 | PA      | $334225.56    | 0.13%             | 2029-05-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| OLIN CORP                                                                        | OLIN CORP 5.125% 09/15/2027                                                                           | CUSIP: 680665AJ5<br>LEI: 549300GKK294V7W57P06 | Long             | DBT              | CORP              | US        |    414000 | PA      | $388125.00    | 0.15%             | 2027-09-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| STONEX GROUP INC                                                                 | STONEX GROUP INC 8.625% 06/15/2025 144A                                                               | CUSIP: 46116VAE5<br>LEI: 549300JUF07L8VF02M60 | Long             | DBT              | CORP              | US        |   1240000 | PA      | $1257050.00   | 0.47%             | 2025-06-15      | Fixed         | 0.09%                 | No            |                  2 | On Loan: No      |
| BRIGHTSPHERE INVT GROUP INC                                                      | BRIGHTSPHERE INVT GROUP INC 4.8% 07/27/2026                                                           | CUSIP: 10948WAA1<br>LEI: 5493004FTLQNQTBOP608 | Long             | DBT              | CORP              | US        |   1707000 | PA      | $1536300.00   | 0.58%             | 2026-07-27      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| FIRSTCASH INC                                                                    | FIRSTCASH INC 5.625% 01/01/2030 144A                                                                  | CUSIP: 31944TAA8<br>LEI: 549300V2X3UU7K0DG350 | Long             | DBT              | CORP              | US        |   3060000 | PA      | $2783495.34   | 1.05%             | 2030-01-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| BAUSCH HEALTH COS INC                                                            | BAUSCH HEALTH COS INC 4.875% 06/01/2028 144A                                                          | CUSIP: 071734AN7<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | DBT              | CORP              | CA        |   3392000 | PA      | $2077939.20   | 0.78%             | 2028-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| UBER TECHNOLOGIES INC                                                            | UBER TECHNOLOGIES INC 7.5% 05/15/2025 144A                                                            | CUSIP: 90353TAF7<br>LEI: 549300B2FTG34FILDR98 | Long             | DBT              | CORP              | US        |   1387000 | PA      | $1395403.83   | 0.53%             | 2025-05-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| FOOT LOCKER INC                                                                  | FOOT LOCKER INC 4% 10/01/2029 144A                                                                    | CUSIP: 344849AA2<br>LEI: 549300X383CBNP6MTV94 | Long             | DBT              | CORP              | US        |    127000 | PA      | $104719.12    | 0.04%             | 2029-10-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                                                         | FORD MTR CR CO LLC 2.9% 02/10/2029                                                                    | CUSIP: 345397B93<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   2800000 | PA      | $2294068.00   | 0.86%             | 2029-02-10      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| ROCKCLIFF ENERGY II LLC                                                          | ROCKCLIFF ENERGY II LLC 5.5% 10/15/2029 144A                                                          | CUSIP: 77289KAA3<br>LEI: 5493007AZNVKZ5HEMT23 | Long             | DBT              | CORP              | US        |    480000 | PA      | $440400.00    | 0.17%             | 2029-10-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| ASHTON WOODS USA LLC / ASHTON WOODS FINANCE CO                                   | ASHTON WOODS USA LLC/FIN CO 4.625% 04/01/2030 144A                                                    | CUSIP: 045086AP0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    185000 | PA      | $142450.00    | 0.05%             | 2030-04-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CHORD ENERGY CORP                                                                | CHORD ENERGY CORP 6.375% 06/01/2026 144A                                                              | CUSIP: 674215AL2<br>LEI: 529900FA4V2YNIKZ0M71 | Long             | DBT              | CORP              | US        |    508000 | PA      | $496570.00    | 0.19%             | 2026-06-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| NEPTUNE BIDCO US INC                                                             | NEPTUNE BIDCO US INC 9.29% 04/15/2029 144A                                                            | CUSIP: 640695AA0<br>LEI: 549300VG15T3VCYZ4531 | Long             | DBT              | CORP              | US        |    400000 | PA      | $385212.00    | 0.15%             | 2029-04-15      | Fixed         | 0.09%                 | No            |                  2 | On Loan: No      |
| ROCKIES EXPRESS PIPELINE LLC                                                     | ROCKIES EXPRESS PIPELINE LLC 4.8% 05/15/2030 144A                                                     | CUSIP: 77340RAT4<br>LEI: W2ZGZGZKY5GGNY6F3V51 | Long             | DBT              | CORP              | US        |    704000 | PA      | $598773.27    | 0.23%             | 2030-05-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| AVIS BUDGET CAR RENT LLC / AVIS BUDGET FINANCE INC                               | AVIS BUDG CAR RENT LLC/FIN INC 5.75% 07/15/2027 144A                                                  | CUSIP: 053773BE6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    518000 | PA      | $477967.12    | 0.18%             | 2027-07-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES LTD                                                      | ROYAL CARIBBEAN CRUISES LTD 11.625% 08/15/2027 144A                                                   | CUSIP: 780153BL5<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |   1500000 | PA      | $1526250.00   | 0.58%             | 2027-08-15      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| NUFARM AUSTRALIA LTD / NUFARM AMERICAS INC                                       | NUFARM AUSTRALIA LTD / NUFARM AMERICAS INC 5% 01/27/2030 144A                                         | CUSIP: 67052NAB1<br>LEI: N/A                  | Long             | DBT              | CORP              | AU        |    455000 | PA      | $389593.75    | 0.15%             | 2030-01-27      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| IRON MOUNTAIN INC                                                                | IRON MTN INC 5.25% 07/15/2030 144A                                                                    | CUSIP: 46284VAJ0<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              | CORP              | US        |    415000 | PA      | $373500.00    | 0.14%             | 2030-07-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ALTUS MIDSTREAM LP                                                               | ALTUS MIDSTREAM LP 5.875% 06/15/2030 144A                                                             | CUSIP: 49461MAA8<br>LEI: 549300RD6AJIMYC0HY12 | Long             | DBT              | CORP              | US        |    240000 | PA      | $225530.40    | 0.08%             | 2030-06-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                                                                    | CARNIVAL CORP 9.875% 08/01/2027 144A                                                                  | CUSIP: 143658BJ0<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |    410000 | PA      | $394625.00    | 0.15%             | 2027-08-01      | Fixed         | 0.10%                 | No            |                  2 | On Loan: No      |
| PICARD MIDCO INC                                                                 | PICARD MIDCO INC 6.5% 03/31/2029 144A                                                                 | CUSIP: 88632QAE3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1149000 | PA      | $1003526.45   | 0.38%             | 2029-03-31      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| DYCOM INDUSTRIES INC                                                             | DYCOM INDUSTRIES INC 4.5% 04/15/2029 144A                                                             | CUSIP: 267475AD3<br>LEI: 549300F56EKTHQI3WT60 | Long             | DBT              | CORP              | US        |   1155000 | PA      | $991960.20    | 0.37%             | 2029-04-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| COGENT COMMUNICATIONS GROUP INC                                                  | COGENT COMMUNICATIONS GROUP INC 7% 06/15/2027 144A                                                    | CUSIP: 19240CAE3<br>LEI: 549300KFWFYF8Q1U0Y26 | Long             | DBT              | CORP              | US        |   1950000 | PA      | $1901250.00   | 0.72%             | 2027-06-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| KENNEDY-WILSON INC                                                               | KENNEDY-WILSON INC 4.75% 02/01/2030                                                                   | CUSIP: 489399AN5<br>LEI: 5EA4464UK7FM5QNNKL62 | Long             | DBT              | CORP              | US        |     75000 | PA      | $59437.50     | 0.02%             | 2030-02-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CCO HLDGS CAP CORP                                                 | CCO HLDGS LLC/CAP CORP 6.375% 09/01/2029 144A                                                         | CUSIP: 1248EPCS0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1640000 | PA      | $1562493.60   | 0.59%             | 2029-09-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                                                             | ONEMAIN FINANCE CORP 3.875% 09/15/2028                                                                | CUSIP: 682691AC4<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |   3759000 | PA      | $2982390.60   | 1.12%             | 2028-09-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| PERFORMANCE FOOD GROUP INC                                                       | PERFORMANCE FOOD GROUP INC 4.25% 08/01/2029 144A                                                      | CUSIP: 71376LAE0<br>LEI: 549300OMUOGBYK0FFO76 | Long             | DBT              | CORP              | US        |   5160000 | PA      | $4585537.20   | 1.73%             | 2029-08-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| MEDLINE BORROWER LP                                                              | MEDLINE BORROWER LP 5.25% 10/01/2029 144A                                                             | CUSIP: 62482BAB8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    885000 | PA      | $721275.00    | 0.27%             | 2029-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SERVICE PROPERTIES TRUST                                                         | SERVICE PPTYS TR 7.5% 09/15/2025                                                                      | CUSIP: 81761LAA0<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              | CORP              | US        |    408300 | PA      | $395030.25    | 0.15%             | 2025-09-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| DT MIDSTREAM INC                                                                 | DT MIDSTREAM INC 4.125% 06/15/2029 144A                                                               | CUSIP: 23345MAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    800000 | PA      | $704880.00    | 0.27%             | 2029-06-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| CNX MIDSTREAM PARTNERS LP                                                        | CNX MIDSTREAM PARTNERS LP 4.75% 04/15/2030 144A                                                       | CUSIP: 12654AAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    403000 | PA      | $336099.36    | 0.13%             | 2030-04-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| GROUP 1 AUTOMOTIVE INC                                                           | GROUP 1 AUTOMOTIVE INC 4% 08/15/2028 144A                                                             | CUSIP: 398905AN9<br>LEI: 549300US8QAZJLWYAF63 | Long             | DBT              | CORP              | US        |   2198000 | PA      | $1864452.42   | 0.70%             | 2028-08-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| FERRELLGAS L P /FERRELLGAS FIN                                                   | FERRELLGAS L P /FERRELLGAS FIN 5.375% 04/01/2026 144A                                                 | CUSIP: 315289AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    556000 | PA      | $511520.00    | 0.19%             | 2026-04-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| LPL HOLDINGS INC                                                                 | LPL HOLDINGS INC 4% 03/15/2029 144A                                                                   | CUSIP: 50212YAD6<br>LEI: 549300Z5YF8CCRMYUL26 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2617005.00   | 0.99%             | 2029-03-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| CDI ESCROW ISSUER INC                                                            | CDI ESCROW ISSUER INC 5.75% 04/01/2030 144A                                                           | CUSIP: 12511VAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1391445.00   | 0.52%             | 2030-04-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| CVR PARTNERS LP / CVR NITROGEN FIN CORP                                          | CVR PARTNERS LP / CVR NITROGEN FIN CORP 6.125% 06/15/2028 144A                                        | CUSIP: 12663QAC9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    320000 | PA      | $288937.60    | 0.11%             | 2028-06-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| SPIRIT AEROSYSTEMS INC                                                           | SPIRIT AEROSYSTEMS INC 9.375% 11/30/2029 144A                                                         | CUSIP: 85205TAN0<br>LEI: ZD2NBKV6GCC3UMGBM518 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2105000.00   | 0.79%             | 2029-11-30      | Fixed         | 0.09%                 | No            |                  2 | On Loan: No      |
| AMERICAN AIRLINES INC / AADVANTAGE LOYALTY IP LTD                                | AMERICAN AIRLINES INC / AADVANTAGE LOYALTY IP LTD 5.5% 04/20/2026 144A                                | CUSIP: 00253XAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    645634 | PA      | $626147.60    | 0.24%             | 2026-04-20      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| WORLD ACCEPTANCE CORP                                                            | WORLD ACCEPTANCE CORP 7% 11/01/2026 144A                                                              | CUSIP: 981419AC8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    100000 | PA      | $58749.51     | 0.02%             | 2026-11-01      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| AVANTOR FUNDING INC                                                              | AVANTOR FUNDING INC 3.875% 11/01/2029 144A                                                            | CUSIP: 05352TAB5<br>LEI: 5493003VM0XB4U8YD238 | Long             | DBT              | CORP              | US        |   1394000 | PA      | $1195355.00   | 0.45%             | 2029-11-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| NOVA CHEMICALS CORP                                                              | NOVA CHEMICALS CORP 4.25% 05/15/2029 144A                                                             | CUSIP: 66977WAS8<br>LEI: 549300ZOD6N7RI2FJP09 | Long             | DBT              | CORP              | CA        |    709000 | PA      | $591128.75    | 0.22%             | 2029-05-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| JEFFERIES FIN LLC/JFIN                                                           | JEFFERIES FIN LLC/JFIN 5% 08/15/2028 144A                                                             | CUSIP: 47232MAF9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    345000 | PA      | $286939.95    | 0.11%             | 2028-08-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| YUM BRANDS INC                                                                   | YUM BRANDS INC 4.75% 01/15/2030 144A                                                                  | CUSIP: 988498AL5<br>LEI: 549300JE8XHZZ7OHN517 | Long             | DBT              | CORP              | US        |    130000 | PA      | $118950.00    | 0.04%             | 2030-01-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PETSMART INC / PETSMART FINANCE CORP                                             | PETSMART INC / PETSMART FINANCE CORP 4.75% 02/15/2028 144A                                            | CUSIP: 71677KAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    115000 | PA      | $105067.45    | 0.04%             | 2028-02-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| THOR INDUSTRIES INC                                                              | THOR INDUSTRIES INC 4% 10/15/2029 144A                                                                | CUSIP: 885160AA9<br>LEI: 254900XZO1228PDSG060 | Long             | DBT              | CORP              | US        |    443000 | PA      | $352124.21    | 0.13%             | 2029-10-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| LADDER CAP FIN HLDGS LLLP / LADDER CAP FIN CORP                                  | LADDER CAP FIN HLDGS LLLP/CORP 4.75% 06/15/2029 144A                                                  | CUSIP: 505742AP1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    440000 | PA      | $359741.09    | 0.14%             | 2029-06-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| HESS MIDSTREAM PARTNERS LP                                                       | HESS MIDSTREAM PARTNERS LP 5.5% 10/15/2030 144A                                                       | CUSIP: 428102AF4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    125000 | PA      | $114580.13    | 0.04%             | 2030-10-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| BRISTOW GROUP IN                                                                 | BRISTOW GRP INC 6.875% 03/01/2028 144A                                                                | CUSIP: 11040GAA1<br>LEI: 5493005Q24EN3UC1PV68 | Long             | DBT              | CORP              | US        |    166000 | PA      | $155055.17    | 0.06%             | 2028-03-01      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| HAT HOLDINGS I LLC / HAT HOLDINGS II LLC                                         | HAT HOLDINGS I LLC / II LLC 6% 04/15/2025 144A                                                        | CUSIP: 418751AB9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    795000 | PA      | $768057.45    | 0.29%             | 2025-04-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| DISH NETWORK CORP                                                                | DISH NETWORK CORP 11.75% 11/15/2027 144A                                                              | CUSIP: 25470MAG4<br>LEI: 529900U350CWHH15G169 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1027830.00   | 0.39%             | 2027-11-15      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES LTD                                                      | ROYAL CARIBBEAN CRUISES LTD 5.5% 08/31/2026 144A                                                      | CUSIP: 780153BJ0<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |   1300000 | PA      | $1127750.00   | 0.42%             | 2026-08-31      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| GO DADDY OPERATING CO LLC / GD FINANCE CO INC                                    | GO DADDY OPERATING CO LLC / GD FINANCE CO INC 3.5% 03/01/2029 144A                                    | CUSIP: 38016LAC9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    480000 | PA      | $405637.73    | 0.15%             | 2029-03-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| ALTICE FING SA                                                                   | ALTICE FING SA 5.75% 08/15/2029 144A                                                                  | CUSIP: 02154CAH6<br>LEI: 549300DIYGW8HVDF7Q17 | Long             | DBT              | CORP              | LU        |    700000 | PA      | $572432.00    | 0.22%             | 2029-08-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| MOSS CREEK RES HLDGS INC                                                         | MOSS CREEK RES HLDGS INC 7.5% 01/15/2026 144A                                                         | CUSIP: 61965RAA3<br>LEI: 54930037SLMSPWKYIX36 | Long             | DBT              | CORP              | US        |    310000 | PA      | $288424.00    | 0.11%             | 2026-01-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| PERENTI FINANCE PTY LTD                                                          | PERENTI FINANCE PTY LTD 6.5% 10/07/2025 144A                                                          | CUSIP: 71367VAA7<br>LEI: 8945008E3BOIIQY99U54 | Long             | DBT              | CORP              | AU        |    530000 | PA      | $494490.00    | 0.19%             | 2025-10-07      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| LAMB WESTON HOLDINGS INC                                                         | LAMB WESTON HOLDINGS INC 4.125% 01/31/2030 144A                                                       | CUSIP: 513272AD6<br>LEI: 5493005SMYID1D2OY946 | Long             | DBT              | CORP              | US        |   1012000 | PA      | $894992.56    | 0.34%             | 2030-01-31      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| CARGO AIRCRAFT MANAGEMENT INC                                                    | CARGO AIRCRAFT MANAGEMENT INC 4.75% 02/01/2028 144A                                                   | CUSIP: 14180LAA4<br>LEI: 549300GH5J7LOMV44F11 | Long             | DBT              | CORP              | US        |    810000 | PA      | $722925.00    | 0.27%             | 2028-02-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TRANSALTA CORP                                                                   | TRANSALTA CORP 7.75% 11/15/2029                                                                       | CUSIP: 89346DAH0<br>LEI: GJZNVO2UY6DNFNIYH321 | Long             | DBT              | CORP              | CA        |    290000 | PA      | $297975.00    | 0.11%             | 2029-11-15      | Fixed         | 0.08%                 | No            |                  2 | On Loan: No      |
| INDEPENDENCE ENERGY FINANCE LLC                                                  | INDEPENDENCE ENERGY FINANCE LLC 7.25% 05/01/2026 144A                                                 | CUSIP: 45344LAA1<br>LEI: 54930061FUL6DBLFUW14 | Long             | DBT              | CORP              | US        |    552000 | PA      | $532867.68    | 0.20%             | 2026-05-01      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| MATADOR RESOURCES COMPANY                                                        | MATADOR RES CO 5.875% 09/15/2026                                                                      | CUSIP: 576485AE6<br>LEI: 549300CI3Q2UUK5R4G79 | Long             | DBT              | CORP              | US        |    165300 | PA      | $163726.34    | 0.06%             | 2026-09-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| MIDCAP FINANCIAL ISSR TR                                                         | MIDCAP FINANCIAL ISSR TR 5.625% 01/15/2030 144A                                                       | CUSIP: 59590AAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    250000 | PA      | $199730.26    | 0.08%             | 2030-01-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| HILTON DOMESTIC OPERATING CO INC                                                 | HILTON DOMESTIC OPERATING CO INC 3.75% 05/01/2029 144A                                                | CUSIP: 432833AJ0<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |   2050000 | PA      | $1819190.50   | 0.69%             | 2029-05-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| UNIVISION COMMUNICATIONS INC                                                     | UNIVISION COMMUNICATIONS INC 7.375% 06/30/2030 144A                                                   | CUSIP: 914906AX0<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |    505000 | PA      | $504000.10    | 0.19%             | 2030-06-30      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| WESTERN GAS PARTNERS LP                                                          | WESTERN GAS PARTNERS LP 4.5% 03/01/2028                                                               | CUSIP: 958254AH7<br>LEI: L6D8A6MLSY454J2JXJ60 | Long             | DBT              | CORP              | US        |     92000 | PA      | $85330.00     | 0.03%             | 2028-03-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| ATS CORP                                                                         | ATS CORP 4.125% 12/15/2028 144A                                                                       | CUSIP: 001940AC9<br>LEI: 5493005KP4RP3IU7HQ41 | Long             | DBT              | CORP              | CA        |    480000 | PA      | $411460.68    | 0.16%             | 2028-12-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| SONIC AUTOMOTIVE INC                                                             | SONIC AUTOMOTIVE INC 4.875% 11/15/2031 144A                                                           | CUSIP: 83545GBE1<br>LEI: 549300NTLRGJ2JCBZU03 | Long             | DBT              | CORP              | US        |    450000 | PA      | $359585.76    | 0.14%             | 2031-11-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL CALCASIEU                                                         | VENTURE GLOBAL CALCASIEU 4.125% 08/15/2031 144A                                                       | CUSIP: 92328MAB9<br>LEI: 549300GKHS6RS20NLH85 | Long             | DBT              | CORP              | US        |    248000 | PA      | $213900.00    | 0.08%             | 2031-08-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| DARLING INGREDIENTS INC                                                          | DARLING INGREDIENTS INC 6% 06/15/2030 144A                                                            | CUSIP: 237266AJ0<br>LEI: L1N0SPPKS7EXZYUMZ898 | Long             | DBT              | CORP              | US        |    315000 | PA      | $307184.85    | 0.12%             | 2030-06-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| ARAMARK SERVICES INC                                                             | ARAMARK SERVICES INC 5% 04/01/2025 144A                                                               | CUSIP: 038522AP3<br>LEI: 42YMHYH0XMHJEXDUB065 | Long             | DBT              | CORP              | US        |    150000 | PA      | $146250.00    | 0.06%             | 2025-04-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| GLOBAL INFRASTRUCTURE SOLUTIONS INC                                              | GLOBAL INFRASTRUCTURE SOLUTIONS INC 5.625% 06/01/2029 144A                                            | CUSIP: 37960XAA5<br>LEI: 2549003BGLQITAJ6ZT28 | Long             | DBT              | CORP              | US        |    350000 | PA      | $271250.00    | 0.10%             | 2029-06-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| UNIVISION COMMUNICATIONS INC                                                     | UNIVISION COMMUNICATIONS INC 4.5% 05/01/2029 144A                                                     | CUSIP: 914906AV4<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |    692000 | PA      | $589065.00    | 0.22%             | 2029-05-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| CTR PARTNERSHIP LP / CARETRUST CAP CORP                                          | CTR PARTNERSHIP LP / CARETRUST CAP CORP 3.875% 06/30/2028 144A                                        | CUSIP: 126458AE8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    345000 | PA      | $294733.50    | 0.11%             | 2028-06-30      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| LCM INVESTMENTS HOLDINGS                                                         | LCM INVESTMENTS HOLDINGS 4.875% 05/01/2029 144A                                                       | CUSIP: 50190EAA2<br>LEI: 549300P5V78NNQTG4428 | Long             | DBT              | CORP              | US        |    276000 | PA      | $230763.57    | 0.09%             | 2029-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SIRIUS XM RADIO INC                                                              | SIRIUS XM RADIO INC 4.125% 07/01/2030 144A                                                            | CUSIP: 82967NBG2<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |     55000 | PA      | $46410.10     | 0.02%             | 2030-07-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| LPL HOLDINGS INC                                                                 | LPL HOLDINGS INC 4.375% 05/15/2031 144A                                                               | CUSIP: 50212YAF1<br>LEI: 549300Z5YF8CCRMYUL26 | Long             | DBT              | CORP              | US        |   1599000 | PA      | $1374682.57   | 0.52%             | 2031-05-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| ENERGY VENTURES GOM LLC / ENVEN FINANCE CORP                                     | ENERGY VENTURES GOM LLC / ENVEN FINANCE CORP 11.75% 04/15/2026 144A                                   | CUSIP: 29278MAC9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    210000 | PA      | $216774.91    | 0.08%             | 2026-04-15      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| COVANTA HLDG CORP                                                                | COVANTA HLDG CORP 4.875% 12/01/2029 144A                                                              | CUSIP: 22303XAA3<br>LEI: 40XIFLS8XDQGGHGPGC04 | Long             | DBT              | CORP              | US        |    630000 | PA      | $532350.00    | 0.20%             | 2029-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| GFL ENVIRONMENTAL INC                                                            | GFL ENVIRONMENTAL INC 4% 08/01/2028 144A                                                              | CUSIP: 36168QAL8<br>LEI: 5493008HF9XC5H29ZX61 | Long             | DBT              | CORP              | CA        |   2426000 | PA      | $2081277.53   | 0.78%             | 2028-08-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| AG TTMT ESCROW ISSUER LLC                                                        | AG TTMT ESCROW ISSUER LLC 8.625% 09/30/2027 144A                                                      | CUSIP: 00840KAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $505145.00    | 0.19%             | 2027-09-30      | Fixed         | 0.09%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                                                         | FORD MTR CR CO LLC 4.687% 06/09/2025                                                                  | CUSIP: 345397ZJ5<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   1143000 | PA      | $1099779.75   | 0.41%             | 2025-06-09      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                                                    | TRANSDIGM INC 8% 12/15/2025 144A                                                                      | CUSIP: 893647BK2<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |    133000 | PA      | $135327.50    | 0.05%             | 2025-12-15      | Fixed         | 0.08%                 | No            |                  2 | On Loan: No      |
| HOLLY EN PART LP/ HOL FIN CORP                                                   | HOLLY EN PART LP/ HOL FIN CORP 5% 02/01/2028 144A                                                     | CUSIP: 435765AH5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    460000 | PA      | $419134.59    | 0.16%             | 2028-02-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BUILDERS FIRSTSOURCE INC                                                         | BUILDERS FIRSTSOURCE INC 4.25% 02/01/2032 144A                                                        | CUSIP: 12008RAP2<br>LEI: 549300W0SKP6L3H7DP63 | Long             | DBT              | CORP              | US        |   1880000 | PA      | $1524041.53   | 0.57%             | 2032-02-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| AMERICAN AIRLINES INC                                                            | AMERICAN AIRLINES INC 11.75% 07/15/2025 144A                                                          | CUSIP: 023771S58<br>LEI: IWUQB36BXD6OWD6X4T14 | Long             | DBT              | CORP              | US        |    534900 | PA      | $594024.06    | 0.22%             | 2025-07-15      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                                                         | FORD MTR CR CO LLC 4.95% 05/28/2027                                                                   | CUSIP: 345397C27<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   2400000 | PA      | $2271288.00   | 0.86%             | 2027-05-28      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| UNITED RENTALS NORTH AMER INC                                                    | UNITED RENTALS NORTH AMER INC 6% 12/15/2029 144A                                                      | CUSIP: 911365BQ6<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5025000.00   | 1.89%             | 2029-12-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| CIVITAS RESOURCES INC                                                            | CIVITAS RESOURCES INC 5% 10/15/2026 144A                                                              | CUSIP: 097793AE3<br>LEI: IIVIHPH28S64K95M2381 | Long             | DBT              | CORP              | US        |   1088000 | PA      | $1002646.40   | 0.38%             | 2026-10-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ANTERO MIDSTREAM PARTNERS LP / ANTERO MIDSTREAM FINANCE CORP                     | ANTERO MIDSTREAM PARTNERS LP / ANTERO MIDSTREAM FIN CORP 5.375% 06/15/2029 144A                       | CUSIP: 03690AAH9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    515000 | PA      | $475087.50    | 0.18%             | 2029-06-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SUNOCO LP / SUNOCO FIN CORP                                                      | SUNOCO LP / SUNOCO FIN CORP 4.5% 04/30/2030                                                           | CUSIP: 86765LAZ0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1600000 | PA      | $1388176.00   | 0.52%             | 2030-04-30      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| RESIDEO FUNDING INC                                                              | RESIDEO FUNDING INC 4% 09/01/2029 144A                                                                | CUSIP: 76119LAB7<br>LEI: 5493000IFJ6XJKH66598 | Long             | DBT              | CORP              | US        |   3523000 | PA      | $2789793.24   | 1.05%             | 2029-09-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| BURFORD CAP GLOBAL FIN LLC                                                       | BURFORD CAP GLOBAL FIN LLC 6.25% 04/15/2028 144A                                                      | CUSIP: 12116LAA7<br>LEI: 549300JVAOO67CSCH406 | Long             | DBT              | CORP              | US        |    600000 | PA      | $549792.90    | 0.21%             | 2028-04-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| CRESTWOOD MIDSTREAM PARTNERS LP/CRESTWOOD MIDSTREAM FIN CORP                     | CRESTWOOD MIDSTRM PTN/FIN CORP 6% 02/01/2029 144A                                                     | CUSIP: 226373AR9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    409000 | PA      | $377302.50    | 0.14%             | 2029-02-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| KONTOOR BRANDS INC                                                               | KONTOOR BRANDS INC 4.125% 11/15/2029 144A                                                             | CUSIP: 50050NAA1<br>LEI: 549300M0CPXV65RFF271 | Long             | DBT              | CORP              | US        |    250000 | PA      | $203575.16    | 0.08%             | 2029-11-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| TRINSEO MATLS OPER SCA / TRINSEO MATLS FIN INC                                   | TRINSEO MATLS OPER SCA / TRINSEO MATLS FIN INC 5.125% 04/01/2029 144A                                 | CUSIP: 89668QAF5<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |    400000 | PA      | $254500.00    | 0.10%             | 2029-04-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| DISH DBS CORP                                                                    | DISH DBS CORP 5.125% 06/01/2029                                                                       | CUSIP: 25470XBD6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2100000 | PA      | $1383480.00   | 0.52%             | 2029-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| UNITED AIRLINES HOLDINGS INC                                                     | UNITED AIRLINES HOLDINGS INC 4.875% 01/15/2025                                                        | CUSIP: 910047AK5<br>LEI: 98450079DA0B78DD6764 | Long             | DBT              | CORP              | US        |    369000 | PA      | $354324.87    | 0.13%             | 2025-01-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ALLISON TRANSMISSION INC                                                         | ALLISON TRANSMISSION INC 3.75% 01/30/2031 144A                                                        | CUSIP: 019736AG2<br>LEI: MWKQ3I0U1GXP2YDSZW75 | Long             | DBT              | CORP              | US        |   4455000 | PA      | $3730661.55   | 1.41%             | 2031-01-30      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| VECTOR GROUP LTD                                                                 | VECTOR GROUP LTD 5.75% 02/01/2029 144A                                                                | CUSIP: 92240MBL1<br>LEI: 549300TUIF4WWN6NDN50 | Long             | DBT              | CORP              | US        |   1330000 | PA      | $1155198.10   | 0.44%             | 2029-02-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| FAIR ISAAC CORPORATION                                                           | FAIR ISAAC CORPORATION 4% 06/15/2028 144A                                                             | CUSIP: 303250AF1<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | DBT              | CORP              | US        |   2023000 | PA      | $1851045.00   | 0.70%             | 2028-06-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| VISTA OUTDOOR INC                                                                | VISTA OUTDOOR INC 4.5% 03/15/2029 144A                                                                | CUSIP: 928377AC4<br>LEI: 549300QI2D33ESTJLN81 | Long             | DBT              | CORP              | US        |    510000 | PA      | $387600.00    | 0.15%             | 2029-03-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| CONSENSUS CLOUD SOLUTIONS INC                                                    | CONSENSUS CLOUD SOLUTIONS INC 6.5% 10/15/2028 144A                                                    | CUSIP: 20848VAB1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    988000 | PA      | $896610.56    | 0.34%             | 2028-10-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| Standard Industries Inc/NJ                                                       | Standard Industries Inc/NJ 4.375% 07/15/2030 144A                                                     | CUSIP: 853496AG2<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |    867000 | PA      | $710940.00    | 0.27%             | 2030-07-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| WESTERN GAS PARTNERS LP                                                          | WESTERN GAS PARTNERS LP STEP 02/01/2050                                                               | CUSIP: 958667AA5<br>LEI: L6D8A6MLSY454J2JXJ60 | Long             | DBT              | CORP              | US        |    715000 | PA      | $582725.00    | 0.22%             | 2050-02-01      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| CARPENTER TECHNOLOGY CORP                                                        | CARPENTER TECHNOLOGY CORP 7.625% 03/15/2030                                                           | CUSIP: 144285AM5<br>LEI: DX6I6ZD3X5WNNCDJKP85 | Long             | DBT              | CORP              | US        |    500000 | PA      | $501525.00    | 0.19%             | 2030-03-15      | Fixed         | 0.08%                 | No            |                  2 | On Loan: No      |
| NAVIENT CORP                                                                     | NAVIENT CORP 4.875% 03/15/2028                                                                        | CUSIP: 63938CAL2<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |    900000 | PA      | $734665.50    | 0.28%             | 2028-03-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| FRONTIER COMMUNICATIONS HOLDINGS LLC                                             | FRONTIER COMMUNICATIONS HOLDINGS LLC 5% 05/01/2028 144A                                               | CUSIP: 35906ABF4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1163000 | PA      | $1035070.00   | 0.39%             | 2028-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| UNICREDIT SPA                                                                    | UNICREDIT SPA 7.296%/VAR 04/02/2034                                                                   | CUSIP: 904678AQ2<br>LEI: 549300TRUWO2CD2G5692 | Long             | DBT              | CORP              | IT        |    289693 | PA      | $260916.68    | 0.10%             | 2034-04-02      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| LAMAR MEDIA CORP                                                                 | LAMAR MEDIA CORP 3.625% 01/15/2031                                                                    | CUSIP: 513075BZ3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2069000 | PA      | $1722856.30   | 0.65%             | 2031-01-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| TALLGRASS ENERGY PARTNERS LP / TALLGRASS ENERGY FINANCE CORP                     | TALLGRASS ENERGY PARTNERS LP / TALLGRASS ENERGY FINANCE CORP 6% 09/01/2031 144A                       | CUSIP: 87470LAK7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $445625.00    | 0.17%             | 2031-09-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| SM ENERGY CO                                                                     | SM ENERGY CO 6.75% 09/15/2026                                                                         | CUSIP: 78454LAN0<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | DBT              | CORP              | US        |    450000 | PA      | $441000.00    | 0.17%             | 2026-09-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| XEROX CORP                                                                       | XEROX CORP 4.8% 03/01/2035                                                                            | CUSIP: 984121CL5<br>LEI: 4KF48RN45X1OO8UBLY20 | Long             | DBT              | CORP              | US        |    250000 | PA      | $165137.50    | 0.06%             | 2035-03-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| OCCIDENTAL PETROLEUM CORP                                                        | OCCIDENTAL PETROLEUM CORP 7.5% 05/01/2031                                                             | CUSIP: 674599DD4<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |    260000 | PA      | $282100.00    | 0.11%             | 2031-05-01      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| 1011778 B C UNLIMITED LIABILITY CO / NEW RED FIN INC                             | 1011778 BC ULC/NEW RED FIN INC 4% 10/15/2030 144A                                                     | CUSIP: 68245XAM1<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |   3015000 | PA      | $2539112.40   | 0.96%             | 2030-10-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| OLIN CORP                                                                        | OLIN CORP 5.625% 08/01/2029                                                                           | CUSIP: 680665AL0<br>LEI: 549300GKK294V7W57P06 | Long             | DBT              | CORP              | US        |    617000 | PA      | $576566.29    | 0.22%             | 2029-08-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| MICROSTRATEGY INC                                                                | MICROSTRATEGY INC 6.125% 06/15/2028 144A                                                              | CUSIP: 594972AF8<br>LEI: 549300WQTWEJUEHXQX21 | Long             | DBT              | CORP              | US        |    195000 | PA      | $144231.76    | 0.05%             | 2028-06-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| MATCH GROUP HOLDINGS II LLC                                                      | MATCH GROUP HLD II LLC 3.625% 10/01/2031 144A                                                         | CUSIP: 57667JAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2350000 | PA      | $1795803.87   | 0.68%             | 2031-10-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| CITGO PETROLEUM CORP                                                             | CITGO PETROLEUM CORP 7% 06/15/2025 144A                                                               | CUSIP: 17302XAK2<br>LEI: YX52P86PXMLYDOTUQ225 | Long             | DBT              | CORP              | US        |    624000 | PA      | $614836.56    | 0.23%             | 2025-06-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| PRA GROUP INC                                                                    | PRA GROUP INC 7.375% 09/01/2025 144A                                                                  | CUSIP: 69354NAC0<br>LEI: 549300Q5HW3JSSB86K27 | Long             | DBT              | CORP              | US        |   1171000 | PA      | $1136908.11   | 0.43%             | 2025-09-01      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| STARWOOD PROPERTY TRUST INC                                                      | STARWOOD PPTY TR INC 3.75% 12/31/2024 144A                                                            | CUSIP: 85571BAW5<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              | CORP              | US        |    977000 | PA      | $923265.00    | 0.35%             | 2024-12-31      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| NATIONSTAR MTG HLDGS INC                                                         | NATIONSTAR MTG HLDGS INC 5.75% 11/15/2031 144A                                                        | CUSIP: 63861CAE9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    860000 | PA      | $687673.29    | 0.26%             | 2031-11-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| PILGRIMS PRIDE CORP NEW                                                          | PILGRIMS PRIDE CORP NEW 3.5% 03/01/2032 144A                                                          | CUSIP: 72147KAG3<br>LEI: 549300ZSLGV64ZL3HD75 | Long             | DBT              | CORP              | US        |   2400000 | PA      | $1931784.00   | 0.73%             | 2032-03-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| ASBURY AUTOMOTIVE GROUP INC                                                      | ASBURY AUTOMOTIVE GROUP INC 4.75% 03/01/2030                                                          | CUSIP: 043436AV6<br>LEI: 549300JH4DTA7U42GL91 | Long             | DBT              | CORP              | US        |   1614000 | PA      | $1379838.91   | 0.52%             | 2030-03-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ALLIED UNIVERSAL HOLDCO LLC / ALLIED UNIVERSAL FINANCE CORP                      | ALLIED UNVL HOLDCO LLC / ALLIED UNVL FIN CORP 6.625% 07/15/2026 144A                                  | CUSIP: 019576AA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    723000 | PA      | $686850.00    | 0.26%             | 2026-07-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| BLACKSTONE MTG TR INC                                                            | BLACKSTONE MTG TR INC 3.75% 01/15/2027 144A                                                           | CUSIP: 09257WAD2<br>LEI: 549300OLDJ20R2Y2UW20 | Long             | DBT              | CORP              | US        |    945000 | PA      | $823429.71    | 0.31%             | 2027-01-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| VIRGIN MEDIA VENDOR FINANCING NOTES IV DAC                                       | VIRGIN MEDIA VENDOR FINANCING NOTES IV DAC 5% 07/15/2028 144A                                         | CUSIP: 92770QAA5<br>LEI: 635400ZZNJSEA4CAJR23 | Long             | DBT              | CORP              | IE        |    650000 | PA      | $557219.00    | 0.21%             | 2028-07-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| RANGE RESOURCES CORP                                                             | RANGE RESOURCES CORP 8.25% 01/15/2029                                                                 | CUSIP: 75281ABJ7<br>LEI: H3Y3WLYCX0BTO1TRW162 | Long             | DBT              | CORP              | US        |    799000 | PA      | $833572.73    | 0.31%             | 2029-01-15      | Fixed         | 0.08%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                                                    | TRANSDIGM INC 6.25% 03/15/2026 144A                                                                   | CUSIP: 893647BE6<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |   3054000 | PA      | $3039157.56   | 1.15%             | 2026-03-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                                                                   | NRG ENERGY INC 3.875% 02/15/2032 144A                                                                 | CUSIP: 629377CS9<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    736000 | PA      | $591666.72    | 0.22%             | 2032-02-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| ELDORADO GOLD CORP NEW                                                           | ELDORADO GOLD CORP NEW 6.25% 09/01/2029 144A                                                          | CUSIP: 284902AF0<br>LEI: 5493004PWQ01YDD1IH62 | Long             | DBT              | CORP              | CA        |    300000 | PA      | $249375.00    | 0.09%             | 2029-09-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| WINDSTREAM ESCROW LLC                                                            | WINDSTREAM ESCROW LLC 7.75% 08/15/2028 144A                                                           | CUSIP: 97382WAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    251000 | PA      | $219625.00    | 0.08%             | 2028-08-15      | Fixed         | 0.08%                 | No            |                  2 | On Loan: No      |
| HUDBAY MINERALS INC                                                              | HUDBAY MINERALS INC 4.5% 04/01/2026 144A                                                              | CUSIP: 443628AJ1<br>LEI: 549300WI524AL577IX21 | Long             | DBT              | CORP              | CA        |    621000 | PA      | $562405.73    | 0.21%             | 2026-04-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| WMG ACQUISITION CORP                                                             | WMG ACQUISITION CORP 3.75% 12/01/2029 144A                                                            | CUSIP: 92933BAT1<br>LEI: 549300NAS11NXI33CP80 | Long             | DBT              | CORP              | US        |    300000 | PA      | $258750.00    | 0.10%             | 2029-12-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| BROOKFIELD PROPERTY REIT INC / BPR CUMULUS LLC / BPR NIMBUS LLC / GGSI SELLCO LL | BROOKFIELD PROPERTY REIT INC / BPR CUMULUS LLC / BPR NIMBUS LLC / GGSI SELLCO LL 4.5% 04/01/2027 144A | CUSIP: 11284DAC9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1093000 | PA      | $956791.73    | 0.36%             | 2027-04-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                                                                 | CSC HOLDINGS LLC 4.5% 11/15/2031 144A                                                                 | CUSIP: 126307BH9<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |   1550000 | PA      | $1181288.85   | 0.45%             | 2031-11-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| MADISON IAQ LLC                                                                  | MADISON IAQ LLC 4.125% 06/30/2028 144A                                                                | CUSIP: 55760LAA5<br>LEI: 549300IXDNBXNHUPBU73 | Long             | DBT              | CORP              | US        |    571000 | PA      | $493795.09    | 0.19%             | 2028-06-30      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| BELLRING BRANDS INC                                                              | BELLRING BRANDS INC 7% 03/15/2030 144A                                                                | CUSIP: 07831CAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    350000 | PA      | $338131.50    | 0.13%             | 2030-03-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| WYNN RESORTS FINANCE LLC / WYNN RESORTS CAPITAL CORP                             | WYNN RESORTS FIN LLC / CAP CORP 7.75% 04/15/2025 144A                                                 | CUSIP: 983133AB5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    671000 | PA      | $672422.52    | 0.25%             | 2025-04-15      | Fixed         | 0.08%                 | No            |                  2 | On Loan: No      |
| WEATHERFORD INTL LTD                                                             | WEATHERFORD INTL LTD 6.5% 09/15/2028 144A                                                             | CUSIP: 947075AT4<br>LEI: 549300A2JKMG5PGOGF82 | Long             | DBT              | CORP              | BM        |    700000 | PA      | $672000.00    | 0.25%             | 2028-09-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| PTC INC                                                                          | PTC INC 3.625% 02/15/2025 144A                                                                        | CUSIP: 69370CAB6<br>LEI: 54930050SSMU8SKDJ030 | Long             | DBT              | CORP              | US        |    440000 | PA      | $419435.63    | 0.16%             | 2025-02-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| TRIPADVISOR INC                                                                  | TRIPADVISOR INC 7% 07/15/2025 144A                                                                    | CUSIP: 896945AA0<br>LEI: 549300XVG45PT5BART17 | Long             | DBT              | CORP              | US        |   1403000 | PA      | $1385626.47   | 0.52%             | 2025-07-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| RAPTOR ACQUISITION CORP / RAPTOR CO-ISSUER LLC                                   | RAPTOR ACQUISITION CORP / RAPTOR CO-ISSUER LLC 4.875% 11/01/2026 144A                                 | CUSIP: 75383KAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    677000 | PA      | $597168.55    | 0.23%             | 2026-11-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| VISTAJET MALTA FINANCE PLC / XO MANAGEMENT HOLDING INC                           | VISTAJET MALTA FINANCE PLC / XO MANAGEMENT HOLDING INC 7.875% 05/01/2027 144A                         | CUSIP: 92840JAD1<br>LEI: N/A                  | Long             | DBT              | CORP              | MT        |    450000 | PA      | $407812.50    | 0.15%             | 2027-05-01      | Fixed         | 0.08%                 | No            |                  2 | On Loan: No      |
| CAMELOT RETURN MERGER SUB INC                                                    | CAMELOT RETURN MERGER SUB INC 8.75% 08/01/2028 144A                                                   | CUSIP: 13323NAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    300000 | PA      | $270000.00    | 0.10%             | 2028-08-01      | Fixed         | 0.09%                 | No            |                  2 | On Loan: No      |
| FRONTIER COMMUNICATIONS HOLDINGS LLC                                             | FRONTIER COMMUNICATIONS HOLDINGS LLC 8.75% 05/15/2030 144A                                            | CUSIP: 35908MAD2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    305000 | PA      | $315522.50    | 0.12%             | 2030-05-15      | Fixed         | 0.09%                 | No            |                  2 | On Loan: No      |
| 1011778 B C UNLIMITED LIABILITY CO / NEW RED FIN INC                             | 1011778 BC ULC/NEW RED FIN INC 3.5% 02/15/2029 144A                                                   | CUSIP: 68245XAP4<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    370000 | PA      | $315477.82    | 0.12%             | 2029-02-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| SOUTHWESTERN ENERGY CO                                                           | SOUTHWESTERN ENERGY CO 7.75% 10/01/2027                                                               | CUSIP: 845467AN9<br>LEI: EFWMP121W54QV9MGOP87 | Long             | DBT              | CORP              | US        |    350000 | PA      | $360079.23    | 0.14%             | 2027-10-01      | Fixed         | 0.08%                 | No            |                  2 | On Loan: No      |
| COMMERCIAL METALS CO                                                             | COMMERCIAL METALS CO 4.125% 01/15/2030                                                                | CUSIP: 201723AQ6<br>LEI: 549300OQS2LO07ZJ7N73 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $860546.82    | 0.32%             | 2030-01-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| PBF HLDG CO LLC / PBF FIN CORP                                                   | PBF HLDG CO LLC / PBF FIN CORP 6% 02/15/2028                                                          | CUSIP: 69318FAJ7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    465000 | PA      | $424433.40    | 0.16%             | 2028-02-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| BLUELINX HOLDINGS INC                                                            | BLUELINX HLDGS INC 6% 11/15/2029 144A                                                                 | CUSIP: 09624HAA7<br>LEI: 549300YSX7GU28F5I540 | Long             | DBT              | CORP              | US        |    425000 | PA      | $344250.00    | 0.13%             | 2029-11-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| COMPASS GROUP DIVERSIFIED HOLDINGS LLC                                           | COMPASS GROUP DIV HLDGS LLC 5% 01/15/2032 144A                                                        | CUSIP: 20451RAC6<br>LEI: 549300I6PTUQPX21TE93 | Long             | DBT              | CORP              | US        |    500000 | PA      | $379423.94    | 0.14%             | 2032-01-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| HESS MIDSTREAM PARTNERS LP                                                       | HESS MIDSTREAM PARTNERS LP 4.25% 02/15/2030 144A                                                      | CUSIP: 428102AE7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    175000 | PA      | $149625.00    | 0.06%             | 2030-02-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| BUCKEYE PARTNERS MLP                                                             | BUCKEYE PARTNERS MLP 4.5% 03/01/2028 144A                                                             | CUSIP: 118230AU5<br>LEI: 549300C1PQJLVEIUBK50 | Long             | DBT              | CORP              | US        |    330000 | PA      | $292875.00    | 0.11%             | 2028-03-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| CHEMOURS CO                                                                      | CHEMOURS CO 4.625% 11/15/2029 144A                                                                    | CUSIP: 163851AH1<br>LEI: 549300M1BOLNXL8DOV14 | Long             | DBT              | CORP              | US        |   2280000 | PA      | $1835400.00   | 0.69%             | 2029-11-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| OXFORD FIN LLC / OXFORD FIN CO-ISSUER II INC                                     | OXFORD FIN LLC / OXFORD FIN CO-ISSUER II INC 6.375% 02/01/2027 144A                                   | CUSIP: 69145LAC8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    639000 | PA      | $595867.50    | 0.22%             | 2027-02-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| CLEVELAND-CLIFFS INC                                                             | CLEVELAND-CLIFFS INC 5.875% 06/01/2027                                                                | CUSIP: 185899AH4<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |    596000 | PA      | $564173.60    | 0.21%             | 2027-06-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| Fidelity Revere Street Trust                                                     | Fidelity Cash Central Fund                                                                            | CUSIP: 31635A105<br>LEI: 549300BDV45LJNXBZC55 | Long             | STIV             | RF                | US        |   9266938 | NS      | $9268791.14   | 3.49%             |  |  |  | No            |                  1 | On Loan: No      |
| PDC ENERGY INC                                                                   | PDC ENERGY INC 6.125% 09/15/2024                                                                      | CUSIP: 69327RAG6<br>LEI: 5493008W8H2T511J5Y59 | Long             | DBT              | CORP              | US        |    433000 | PA      | $428670.00    | 0.16%             | 2024-09-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| ICAHN ENTERPRISES LP / ICAHN ENTERPRISES FIN CORP                                | ICAHN ENTERPRISES LP/FIN CORP 5.25% 05/15/2027                                                        | CUSIP: 451102BZ9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4520000 | PA      | $4147100.00   | 1.56%             | 2027-05-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| DAVITA INC                                                                       | DAVITA INC 3.75% 02/15/2031 144A                                                                      | CUSIP: 23918KAT5<br>LEI: M2XHYMU3TZNEZURC6H66 | Long             | DBT              | CORP              | US        |    919000 | PA      | $675465.00    | 0.25%             | 2031-02-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| GEN DIGITAL INC                                                                  | GEN DIGITAL INC 6.75% 09/30/2027 144A                                                                 | CUSIP: 668771AK4<br>LEI: YF6ZV0M6AU4FY94MK914 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3012930.00   | 1.14%             | 2027-09-30      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| CITGO PETROLEUM CORP                                                             | CITGO PETROLEUM CORP 6.375% 06/15/2026 144A                                                           | CUSIP: 17302XAM8<br>LEI: YX52P86PXMLYDOTUQ225 | Long             | DBT              | CORP              | US        |    715000 | PA      | $698874.63    | 0.26%             | 2026-06-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| ALTICE FRANCE SA                                                                 | ALTICE FRANCE SA 5.125% 07/15/2029 144A                                                               | CUSIP: 02156LAF8<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |   1390000 | PA      | $1078264.70   | 0.41%             | 2029-07-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BATH and BODY WORKS INC                                                          | BATH and BODY WORKS INC 9.375% 07/01/2025 144A                                                        | CUSIP: 501797AU8<br>LEI: GR3KVMWVCR54YWQNXU90 | Long             | DBT              | CORP              | US        |    980000 | PA      | $1027524.76   | 0.39%             | 2025-07-01      | Fixed         | 0.09%                 | No            |                  2 | On Loan: No      |
| WESTERN GAS PARTNERS LP                                                          | WESTERN GAS PARTNERS LP STEP 02/01/2025                                                               | CUSIP: 958667AB3<br>LEI: L6D8A6MLSY454J2JXJ60 | Long             | DBT              | CORP              | US        |   2276000 | PA      | $2181568.76   | 0.82%             | 2025-02-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| ADVANCED DRAIN SYS INC DEL                                                       | ADVANCED DRAIN SYS INC DEL 6.375% 06/15/2030 144A                                                     | CUSIP: 00790RAB0<br>LEI: 6QQTOZ5MF5DHM7K92I60 | Long             | DBT              | CORP              | US        |    634000 | PA      | $610129.90    | 0.23%             | 2030-06-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| SABRE GLBL INC                                                                   | SABRE GLBL INC 9.25% 04/15/2025 144A                                                                  | CUSIP: 78573NAC6<br>LEI: F2TJC7HPPHLHU1AQMP98 | Long             | DBT              | CORP              | US        |    254900 | PA      | $254262.75    | 0.10%             | 2025-04-15      | Fixed         | 0.09%                 | No            |                  2 | On Loan: No      |
| GARDEN SPINCO CORP                                                               | GARDEN SPINCO CORP 8.625% 07/20/2030 144A                                                             | CUSIP: 365417AA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    115000 | PA      | $122088.92    | 0.05%             | 2030-07-20      | Fixed         | 0.09%                 | No            |                  2 | On Loan: No      |
| CALPINE CORPORATION                                                              | CALPINE CORPORATION 3.75% 03/01/2031 144A                                                             | CUSIP: 131347CR5<br>LEI: 43R4VPJBXTU2O15HEF41 | Long             | DBT              | CORP              | US        |   1176000 | PA      | $968963.91    | 0.37%             | 2031-03-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| GRAPHIC PACKAGING INTL INC                                                       | GRAPHIC PACKAGING INTL INC 3.75% 02/01/2030 144A                                                      | CUSIP: 38869AAD9<br>LEI: SO75N4VY5NXGQSK8YQ65 | Long             | DBT              | CORP              | US        |    273000 | PA      | $231755.16    | 0.09%             | 2030-02-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| CANPACK SA AND EASTERN PA LAND INVESTMENT HOLDING LLC                            | CANPACK SA AND EASTERN PA LAND INVESTMENT HOLDING LLC 3.875% 11/15/2029 144A                          | CUSIP: 13806CAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | PL        |   1000000 | PA      | $787500.00    | 0.30%             | 2029-11-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| MGIC INVESTMENT CORP                                                             | MGIC INVESTMENT CORP 5.25% 08/15/2028                                                                 | CUSIP: 552848AG8<br>LEI: 254900S8483WM4M98R28 | Long             | DBT              | CORP              | US        |    645000 | PA      | $586887.69    | 0.22%             | 2028-08-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| OPEN TEXT HOLDINGS INC                                                           | OPEN TEXT HOLDINGS INC 4.125% 12/01/2031 144A                                                         | CUSIP: 683720AC0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2100000 | PA      | $1629810.00   | 0.61%             | 2031-12-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| DCP MIDSTREAM LP                                                                 | DCP MIDSTREAM LP 7.375%/VAR PERP                                                                      | CUSIP: 23311PAA8<br>LEI: 52990024YYS3MLGW0E91 | Long             | EP               | CORP              | US        |    143000 | PA      | $143028.60    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| LEEWARD RENEWABL                                                                 | LEEWARD RENEWABL 4.25% 07/01/2029 144A                                                                | CUSIP: 524590AA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    537000 | PA      | $451563.30    | 0.17%             | 2029-07-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| CAESARS ENTERTAINMENT INC                                                        | CAESARS ENTERTAINMENT INC 6.25% 07/01/2025 144A                                                       | CUSIP: 28470RAH5<br>LEI: 5299000BKFWWVND5L441 | Long             | DBT              | CORP              | US        |    832300 | PA      | $822564.15    | 0.31%             | 2025-07-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| PRESTIGE BRANDS INC                                                              | PRESTIGE BRANDS INC 3.75% 04/01/2031 144A                                                             | CUSIP: 74112BAM7<br>LEI: 549300JBVP4J6D42I235 | Long             | DBT              | CORP              | US        |    401000 | PA      | $338812.92    | 0.13%             | 2031-04-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                                                         | FORD MTR CR CO LLC 3.37% 11/17/2023                                                                   | CUSIP: 345397A78<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    787000 | PA      | $764288.93    | 0.29%             | 2023-11-17      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| TRINET GROUP INC                                                                 | TRINET GROUP INC 3.5% 03/01/2029 144A                                                                 | CUSIP: 896288AA5<br>LEI: 5299003FJVBETSFKE990 | Long             | DBT              | CORP              | US        |   2691000 | PA      | $2236893.75   | 0.84%             | 2029-03-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| SYLVAMO CORP                                                                     | SYLVAMO CORP 7% 09/01/2029 144A                                                                       | CUSIP: 87133LAA8<br>LEI: 5493001AOYU1ZOWOC971 | Long             | DBT              | CORP              | US        |    600000 | PA      | $582000.00    | 0.22%             | 2029-09-01      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| CREDIT ACCEPTANCE CORP                                                           | CREDIT ACCEPTANCE CORP 6.625% 03/15/2026                                                              | CUSIP: 225310AM3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1479000 | PA      | $1397655.00   | 0.53%             | 2026-03-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| ARCOSA INC                                                                       | ARCOSA INC 4.375% 04/15/2029 144A                                                                     | CUSIP: 039653AA8<br>LEI: 549300WFHLTCZV7D6V29 | Long             | DBT              | CORP              | US        |    270000 | PA      | $234808.24    | 0.09%             | 2029-04-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| AIR CANADA INC                                                                   | AIR CANADA INC 3.875% 08/15/2026 144A                                                                 | CUSIP: 008911BK4<br>LEI: 4B4HI3CGXMBDC0G6BM51 | Long             | DBT              | CORP              | CA        |    280000 | PA      | $256200.39    | 0.10%             | 2026-08-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CCO HLDGS CAP CORP                                                 | CCO HLDGS LLC/CAP CORP 4.25% 01/15/2034 144A                                                          | CUSIP: 1248EPCP6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3045000 | PA      | $2372055.00   | 0.89%             | 2034-01-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| SUMMIT MIDSTREAM HOLDINGS LLC / SUMMIT MIDSTREAM FINANCE CORP                    | SUMMIT MIDSTREAM HOLDINGS LLC / SUMMIT MIDSTREAM FINANCE CORP 8.5% 10/15/2026 144A                    | CUSIP: 86614WAE6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    300000 | PA      | $287932.95    | 0.11%             | 2026-10-15      | Fixed         | 0.09%                 | No            |                  2 | On Loan: No      |
| JANE STREET GRP/JSG FIN                                                          | JANE STREET GRP/JSG FIN 4.5% 11/15/2029 144A                                                          | CUSIP: 47077WAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    165000 | PA      | $144858.45    | 0.05%             | 2029-11-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| WYNDHAM HOTELS and RESORTS INC                                                   | WYNDHAM HOTELS and RESORTS INC 4.375% 08/15/2028 144A                                                 | CUSIP: 98311AAB1<br>LEI: 549300FE3MQ4RVXXC673 | Long             | DBT              | CORP              | US        |    933000 | PA      | $834345.93    | 0.31%             | 2028-08-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| NEWELL BRANDS INC                                                                | NEWELL BRANDS INC 6.375% 09/15/2027                                                                   | CUSIP: 651229BC9<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $991350.00    | 0.37%             | 2027-09-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| DIRECTV FINANCING LLC / DIRECTV FINANCING CO-OBLIGOR INC                         | DIRECTV FINANCING LLC / CO-OBLIGOR INC 5.875% 08/15/2027 144A                                         | CUSIP: 25461LAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    613000 | PA      | $562476.54    | 0.21%             | 2027-08-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| SUNOCO LP / SUNOCO FIN CORP                                                      | SUNOCO LP / SUNOCO FIN CORP 5.875% 03/15/2028                                                         | CUSIP: 86765LAN7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    927000 | PA      | $882916.93    | 0.33%             | 2028-03-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| AMN HEALTHCARE                                                                   | AMN HEALTHCARE 4% 04/15/2029 144A                                                                     | CUSIP: 00175PAC7<br>LEI: 549300H27NUKBFFQEE84 | Long             | DBT              | CORP              | US        |   1180000 | PA      | $1035273.00   | 0.39%             | 2029-04-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| SPCM SA                                                                          | SPCM SA 3.375% 03/15/2030 144A                                                                        | CUSIP: 7846ELAE7<br>LEI: 969500F7036FEDYPRV54 | Long             | DBT              | CORP              | FR        |    750000 | PA      | $597187.50    | 0.23%             | 2030-03-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                                                    | TRANSDIGM INC 4.875% 05/01/2029                                                                       | CUSIP: 893647BQ9<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |   4029000 | PA      | $3515932.51   | 1.32%             | 2029-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA RESOURCES CORPORATION                                                 | CALIFORNIA RES CORP 7.125% 02/01/2026 144A                                                            | CUSIP: 13057QAH0<br>LEI: 5493003Q8F0T4F4YMR48 | Long             | DBT              | CORP              | US        |    140000 | PA      | $136150.00    | 0.05%             | 2026-02-01      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| ATKORE INC                                                                       | ATKORE INC 4.25% 06/01/2031 144A                                                                      | CUSIP: 047649AA6<br>LEI: 52990002TI38AM4RPV48 | Long             | DBT              | CORP              | US        |    892000 | PA      | $751510.00    | 0.28%             | 2031-06-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| USA COMPRESSION PARTNERS LP / USA COMPRESSION FIN CORP                           | USA COMPRESSION PARTNERS LP / USA COMPRESSION FIN CORP 6.875% 04/01/2026                              | CUSIP: 91740PAC2<br>LEI: 549300ZWL4J1LYMOWK56 | Long             | DBT              | CORP              | US        |   2131000 | PA      | $2040432.50   | 0.77%             | 2026-04-01      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| VIKING OCEAN CRUISES SHIP VII LTD                                                | VIKING OCEAN CRUISES SHIP VII LTD 5.625% 02/15/2029 144A                                              | CUSIP: 92682RAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    235000 | PA      | $188000.00    | 0.07%             | 2029-02-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CCO HLDGS CAP CORP                                                 | CCO HLDGS LLC/CAP CORP 4.5% 05/01/2032                                                                | CUSIP: 1248EPCN1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2005000 | PA      | $1654656.33   | 0.62%             | 2032-05-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| FLUOR CORP NEW                                                                   | FLUOR CORP NEW 4.25% 09/15/2028                                                                       | CUSIP: 343412AF9<br>LEI: CQ7WZ4NOFWT7FAE6Q943 | Long             | DBT              | CORP              | US        |    517000 | PA      | $470490.68    | 0.18%             | 2028-09-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| INEOS QUATTRO FINANCE 2                                                          | INEOS QUATTRO FINANCE 2 3.375% 01/15/2026 144A                                                        | CUSIP: 45674GAA2<br>LEI: 213800V48W4Y5MT5Q131 | Long             | DBT              | CORP              | GB        |    480000 | PA      | $426758.40    | 0.16%             | 2026-01-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| XPO ESCROW SUB LLC                                                               | XPO ESCROW SUB LLC 7.5% 11/15/2027 144A                                                               | CUSIP: 98379JAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2030000.00   | 0.76%             | 2027-11-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| TRAVEL+LEISURE CO                                                                | TRAVEL+LEISURE CO 6.625% 07/31/2026 144A                                                              | CUSIP: 98310WAS7<br>LEI: T4VNTWMFQ7JQB65L7T35 | Long             | DBT              | CORP              | US        |    370000 | PA      | $362542.80    | 0.14%             | 2026-07-31      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| SUPERIOR PLUS LP / SUPERIOR GEN PARTNER INC                                      | SUPERIOR PLUS LP / SUPERIOR GEN PARTNER INC 4.5% 03/15/2029 144A                                      | CUSIP: 86828LAC6<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    104000 | PA      | $88810.87     | 0.03%             | 2029-03-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| IRON MOUNTAIN INC                                                                | IRON MTN INC 5% 07/15/2028 144A                                                                       | CUSIP: 46284VAG6<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              | CORP              | US        |   2507000 | PA      | $2279828.20   | 0.86%             | 2028-07-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| FRONTIER COMMUNICATIONS HOLDINGS LLC                                             | FRONTIER COMMUNICATIONS HOLDINGS LLC 6% 01/15/2030 144A                                               | CUSIP: 35908MAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    355000 | PA      | $290489.40    | 0.11%             | 2030-01-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| SEAGATE HDD CAYMAN                                                               | SEAGATE HDD CAYMAN 3.125% 07/15/2029                                                                  | CUSIP: 81180WBF7<br>LEI: 529900BD50TRWEG1SF63 | Long             | DBT              | CORP              | KY        |   3532203 | PA      | $2733797.47   | 1.03%             | 2029-07-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| NABORS INDUSTRIES INC                                                            | NABORS INDUSTRIES INC 7.375% 05/15/2027 144A                                                          | CUSIP: 62957HAJ4<br>LEI: 549300VFQWRKICUFNU92 | Long             | DBT              | CORP              | US        |    200000 | PA      | $194500.00    | 0.07%             | 2027-05-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| NEXSTAR BROADCASTING INC                                                         | NEXSTAR BROADCASTING INC 4.75% 11/01/2028 144A                                                        | CUSIP: 65336YAN3<br>LEI: 5493006PK6I4I2OOT688 | Long             | DBT              | CORP              | US        |   2147000 | PA      | $1910658.24   | 0.72%             | 2028-11-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| AMERICAN FIN TR FINAN OP                                                         | AMERICAN FIN TR FINAN OP 4.5% 09/30/2028 144A                                                         | CUSIP: 02608AAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1015000 | PA      | $776475.00    | 0.29%             | 2028-09-30      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| BAYTEX ENERGY CORP                                                               | BAYTEX ENERGY CORP 8.75% 04/01/2027 144A                                                              | CUSIP: 07317QAH8<br>LEI: 549300R5LTV2H7I1I079 | Long             | DBT              | CORP              | CA        |    145000 | PA      | $149490.65    | 0.06%             | 2027-04-01      | Fixed         | 0.09%                 | No            |                  2 | On Loan: No      |
| NORTHERN OIL AND GAS INC                                                         | NORTHERN OIL AND GAS INC 8.125% 03/01/2028 144A                                                       | CUSIP: 665531AG4<br>LEI: OKFF0PIZDDMNH4UCYE51 | Long             | DBT              | CORP              | US        |    200000 | PA      | $195278.00    | 0.07%             | 2028-03-01      | Fixed         | 0.08%                 | No            |                  2 | On Loan: No      |
| ICAHN ENTERPRISES LP / ICAHN ENTERPRISES FIN CORP                                | ICAHN ENTERPRISES LP/FIN CORP 4.375% 02/01/2029                                                       | CUSIP: 451102CC9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2300000 | PA      | $1934875.00   | 0.73%             | 2029-02-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| ALLIANT HLDGS INTERMEDIATE LLC/ALLIANT HLDGS CO-ISSUER                           | ALLIANT HLDGS INTERMEDIATE LLC/ALLIANT HLDGS CO-ISSUER 4.25% 10/15/2027 144A                          | CUSIP: 01883LAB9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    900000 | PA      | $810000.00    | 0.31%             | 2027-10-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| MURPHY OIL CORP                                                                  | MURPHY OIL CORP 6.375% 07/15/2028                                                                     | CUSIP: 626717AN2<br>LEI: QBKYQD0ODE7DC7PDIN91 | Long             | DBT              | CORP              | US        |     20000 | PA      | $19595.37     | 0.01%             | 2028-07-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| HAT HOLDINGS I LLC / HAT HOLDINGS II LLC                                         | HAT HOLDINGS I LLC / II LLC 3.375% 06/15/2026 144A                                                    | CUSIP: 418751AE3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1667000 | PA      | $1449973.27   | 0.55%             | 2026-06-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| MINERAL RESOURCES LTD                                                            | MINERAL RES LTD 8% 11/01/2027 144A                                                                    | CUSIP: 603051AC7<br>LEI: 5299007V1ACKFFX2P066 | Long             | DBT              | CORP              | AU        |    485000 | PA      | $498289.00    | 0.19%             | 2027-11-01      | Fixed         | 0.08%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                                                                 | CSC HOLDINGS LLC 5% 11/15/2031 144A                                                                   | CUSIP: 126307BK2<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    487000 | PA      | $307645.12    | 0.12%             | 2031-11-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ALLEGIANT TRAVEL CO                                                              | ALLEGIANT TRAVEL CO 7.25% 08/15/2027 144A                                                             | CUSIP: 01748XAD4<br>LEI: 549300JM9OZXOHWL2K18 | Long             | DBT              | CORP              | US        |    320000 | PA      | $311724.80    | 0.12%             | 2027-08-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| MODIVCARE INC                                                                    | MODIVCARE INC 5.875% 11/15/2025 144A                                                                  | CUSIP: 743815AE2<br>LEI: 549300EFZIFW7F7I0Q28 | Long             | DBT              | CORP              | US        |    895000 | PA      | $826351.65    | 0.31%             | 2025-11-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| STARWOOD PROPERTY TRUST INC                                                      | STARWOOD PPTY TR INC 4.375% 01/15/2027 144A                                                           | CUSIP: 85571BAY1<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              | CORP              | US        |    502000 | PA      | $449119.38    | 0.17%             | 2027-01-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| SOLARIS MIDSTREAM HOLDINGS LLC                                                   | SOLARIS MIDSTREAM HOLDINGS LLC 7.625% 04/01/2026 144A                                                 | CUSIP: 83419MAA0<br>LEI: 5493007AWQW8ZKCHVV46 | Long             | DBT              | CORP              | US        |    346000 | PA      | $340810.00    | 0.13%             | 2026-04-01      | Fixed         | 0.08%                 | No            |                  2 | On Loan: No      |
| USA COMPRESSION PARTNERS LP / USA COMPRESSION FIN CORP                           | USA COMPRESSION PARTNERS LP / USA COMPRESSION FIN CORP 6.875% 09/01/2027                              | CUSIP: 91740PAF5<br>LEI: 549300ZWL4J1LYMOWK56 | Long             | DBT              | CORP              | US        |    196000 | PA      | $187121.20    | 0.07%             | 2027-09-01      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| CARNIVAL HOLDINGS BERMUDA LTD                                                    | CARNIVAL HOLDINGS BERMUDA LTD 10.375% 05/01/2028 144A                                                 | CUSIP: 14366RAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    625000 | PA      | $650750.00    | 0.25%             | 2028-05-01      | Fixed         | 0.10%                 | No            |                  2 | On Loan: No      |
| LGI HOMES INC                                                                    | LGI HOMES INC 4% 07/15/2029 144A                                                                      | CUSIP: 50187TAF3<br>LEI: 549300W02B4WNV8CV109 | Long             | DBT              | CORP              | US        |    860000 | PA      | $649267.92    | 0.24%             | 2029-07-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| EQT CORP                                                                         | EQT CORP STEP 02/01/2030                                                                              | CUSIP: 26884LAG4<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | DBT              | CORP              | US        |    152000 | PA      | $159912.91    | 0.06%             | 2030-02-01      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| YUM BRANDS INC                                                                   | YUM BRANDS INC 5.375% 04/01/2032                                                                      | CUSIP: 988498AR2<br>LEI: 549300JE8XHZZ7OHN517 | Long             | DBT              | CORP              | US        |   2230000 | PA      | $2068481.10   | 0.78%             | 2032-04-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ORGANON and CO / ORGANON FOREIGN DEBT CO-ISSUER BV                               | ORGANON and CO / ORGANON FOREIGN DEBT CO-ISSUER BV 4.125% 04/30/2028 144A                             | CUSIP: 68622TAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    533000 | PA      | $479689.34    | 0.18%             | 2028-04-30      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| ENERSYS                                                                          | ENERSYS 4.375% 12/15/2027 144A                                                                        | CUSIP: 29275YAC6<br>LEI: 7ZS3DE5PN30BYUJFWP05 | Long             | DBT              | CORP              | US        |   1247000 | PA      | $1106712.50   | 0.42%             | 2027-12-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| ISTAR INC                                                                        | ISTAR INC 4.25% 08/01/2025                                                                            | CUSIP: 45031UCG4<br>LEI: QFFLKWYYS3UPWD86E794 | Long             | DBT              | CORP              | US        |    365000 | PA      | $356112.25    | 0.13%             | 2025-08-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| TAP ROCK RESOURCES LLC                                                           | TAP ROCK RESOURCES LLC 7% 10/01/2026 144A                                                             | CUSIP: 87602LAA0<br>LEI: 549300Y3SDS1HPFQ6H17 | Long             | DBT              | CORP              | US        |    240000 | PA      | $224400.00    | 0.08%             | 2026-10-01      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| BOOZ ALLEN AND HAMILTON INC                                                      | BOOZ ALLEN AND HAMILTON INC 4% 07/01/2029 144A                                                        | CUSIP: 09951LAB9<br>LEI: 549300D7XCH2480XU542 | Long             | DBT              | CORP              | US        |    502000 | PA      | $445088.26    | 0.17%             | 2029-07-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| CASTLELAKE AVIATION FINANCE                                                      | CASTLELAKE AVIATION FINANCE 5% 04/15/2027 144A                                                        | CUSIP: 14856HAA6<br>LEI: 2138006F7SMD1COVC345 | Long             | DBT              | CORP              | IE        |    414000 | PA      | $351863.08    | 0.13%             | 2027-04-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| HARVEST MIDSTREAM I LP                                                           | HARVEST MIDSTREAM I LP 7.5% 09/01/2028 144A                                                           | CUSIP: 417558AA1<br>LEI: 549300DW5M17KJOXCY66 | Long             | DBT              | CORP              | US        |    250000 | PA      | $239375.00    | 0.09%             | 2028-09-01      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| ILIAD HOLDING SAS                                                                | ILIAD HOLDING SAS 7% 10/15/2028 144A                                                                  | CUSIP: 449691AC8<br>LEI: 9695009PXA7OI9NXN582 | Long             | DBT              | CORP              | FR        |    485000 | PA      | $457844.85    | 0.17%             | 2028-10-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| LUMEN TECHNOLOGIES                                                               | LUMEN TECHNOLOGIES 4.5% 01/15/2029 144A                                                               | CUSIP: 156700BD7<br>LEI: 8M3THTGWLTYZVE6BBY25 | Long             | DBT              | CORP              | US        |    755000 | PA      | $511248.25    | 0.19%             | 2029-01-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| TERVITA CORP                                                                     | TERVITA CORP 11% 12/01/2025 144A                                                                      | CUSIP: 88159EAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    510000 | PA      | $554625.00    | 0.21%             | 2025-12-01      | Fixed         | 0.11%                 | No            |                  2 | On Loan: No      |
| SIRIUS XM RADIO INC                                                              | SIRIUS XM RADIO INC 3.125% 09/01/2026 144A                                                            | CUSIP: 82967NBL1<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |   1970000 | PA      | $1778614.50   | 0.67%             | 2026-09-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| GRUBHUB HOLDINGS INC                                                             | GRUBHUB HOLDINGS INC 5.5% 07/01/2027 144A                                                             | CUSIP: 40010PAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    286000 | PA      | $215035.77    | 0.08%             | 2027-07-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| EMERGENT BIOSOLUTIONS INC                                                        | EMERGENT BIOSOLUTIONS INC 3.875% 08/15/2028 144A                                                      | CUSIP: 29089QAC9<br>LEI: 549300YW6TUOX8BE5103 | Long             | DBT              | CORP              | US        |    695000 | PA      | $312750.00    | 0.12%             | 2028-08-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| ANTERO RESOURCES CORPORATION                                                     | ANTERO RESOURCES CORP 8.375% 07/15/2026 144A                                                          | CUSIP: 03674XAN6<br>LEI: APVBKPOULHUX7YZLKU17 | Long             | DBT              | CORP              | US        |    275000 | PA      | $289288.58    | 0.11%             | 2026-07-15      | Fixed         | 0.08%                 | No            |                  2 | On Loan: No      |
| IRON MOUNTAIN INFORMATION MANAGEMENT SERVICES INC                                | IRON MOUNTAIN INFORMATION MANAGEMENT SERVICES INC 5% 07/15/2032 144A                                  | CUSIP: 46285MAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3065000 | PA      | $2589894.35   | 0.98%             | 2032-07-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MURPHY OIL CORP                                                                  | MURPHY OIL CORP 5.75% 08/15/2025                                                                      | CUSIP: 626717AJ1<br>LEI: QBKYQD0ODE7DC7PDIN91 | Long             | DBT              | CORP              | US        |    543000 | PA      | $540586.31    | 0.20%             | 2025-08-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| OCCIDENTAL PETROLEUM CORP                                                        | OCCIDENTAL PETROLEUM CORP 6.625% 09/01/2030                                                           | CUSIP: 674599ED3<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |   2201000 | PA      | $2296160.24   | 0.87%             | 2030-09-01      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| PARKLAND CORP                                                                    | PARKLAND CORP 5.875% 07/15/2027 144A                                                                  | CUSIP: 70137TAP0<br>LEI: 549300XHQS1JYWBNK868 | Long             | DBT              | CORP              | CA        |    614000 | PA      | $588770.74    | 0.22%             | 2027-07-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| NUSTAR LOGISTICS LP                                                              | NUSTAR LOGISTICS LP 5.625% 04/28/2027                                                                 | CUSIP: 67059TAE5<br>LEI: N62BF2PKP51FIIOIUN20 | Long             | DBT              | CORP              | US        |    160000 | PA      | $150457.90    | 0.06%             | 2027-04-28      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| ASBURY AUTOMOTIVE GROUP INC                                                      | ASBURY AUTOMOTIVE GROUP INC 5% 02/15/2032 144A                                                        | CUSIP: 043436AX2<br>LEI: 549300JH4DTA7U42GL91 | Long             | DBT              | CORP              | US        |    605000 | PA      | $511156.57    | 0.19%             | 2032-02-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NMI HOLDINGS INC                                                                 | NMI HOLDINGS INC 7.375% 06/01/2025 144A                                                               | CUSIP: 629209AA5<br>LEI: 529900KNNGFXJX1C3Z08 | Long             | DBT              | CORP              | US        |    747000 | PA      | $751011.39    | 0.28%             | 2025-06-01      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| CHS/CMNTY HEALTH SYSTEMS INC                                                     | CHS/CMNTY HEALTH SYSTEMS INC 4.75% 02/15/2031 144A                                                    | CUSIP: 12543DBK5<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1465380.00   | 0.55%             | 2031-02-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ALTICE FRANCE SA                                                                 | ALTICE FRANCE SA 5.5% 10/15/2029 144A                                                                 | CUSIP: 02156LAH4<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |    410000 | PA      | $323355.89    | 0.12%             | 2029-10-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| RESOLUTE FOREST PRODUCTS INC                                                     | RESOLUTE FST PRODS INC 4.875% 03/01/2026 144A                                                         | CUSIP: 76117WAC3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    515000 | PA      | $508562.50    | 0.19%             | 2026-03-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PATTERSON-UTI ENERGY INC                                                         | PATTERSON-UTI ENERGY INC 5.15% 11/15/2029                                                             | CUSIP: 703481AC5<br>LEI: 254900XGFBKIXD6G0697 | Long             | DBT              | CORP              | US        |    270000 | PA      | $241609.35    | 0.09%             | 2029-11-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| FMG RESOURCES AUG'06 PTY LTD                                                     | FMG RES AUGUST 2006 PTY LTD 4.375% 04/01/2031 144A                                                    | CUSIP: 30251GBC0<br>LEI: 549300EFD6S2NFE9D745 | Long             | DBT              | CORP              | AU        |    127000 | PA      | $106465.37    | 0.04%             | 2031-04-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| LIVE NATION ENTERTAINMENT INC                                                    | LIVE NATION ENTERTAINMENT INC 4.875% 11/01/2024 144A                                                  | CUSIP: 538034AK5<br>LEI: 5493007B9BM9ZXJINO78 | Long             | DBT              | CORP              | US        |   1364000 | PA      | $1342680.68   | 0.51%             | 2024-11-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| GOEASY LTD                                                                       | GOEASY LTD 4.375% 05/01/2026 144A                                                                     | CUSIP: 380355AF4<br>LEI: 5493009DJVZG2P8YV435 | Long             | DBT              | CORP              | CA        |   2962000 | PA      | $2599925.12   | 0.98%             | 2026-05-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| FIRST QUANTUM MINERALS LTD                                                       | FIRST QUANTUM MINERALS LTD 6.875% 10/15/2027 144A                                                     | CUSIP: 335934AT2<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | DBT              | CORP              | CA        |    390000 | PA      | $369946.20    | 0.14%             | 2027-10-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| PRA GROUP INC                                                                    | PRA GROUP INC 5% 10/01/2029 144A                                                                      | CUSIP: 69354NAD8<br>LEI: 549300Q5HW3JSSB86K27 | Long             | DBT              | CORP              | US        |   1881000 | PA      | $1562828.85   | 0.59%             | 2029-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MINERAL RESOURCES LTD                                                            | MINERAL RES LTD 8.125% 05/01/2027 144A                                                                | CUSIP: 603051AA1<br>LEI: 5299007V1ACKFFX2P066 | Long             | DBT              | CORP              | AU        |    883000 | PA      | $892737.11    | 0.34%             | 2027-05-01      | Fixed         | 0.08%                 | No            |                  2 | On Loan: No      |
| SEALED AIR CORP                                                                  | SEALED AIR CORP 5% 04/15/2029 144A                                                                    | CUSIP: 81211KBA7<br>LEI: Q0M0CZB4YN6JZ65WXI09 | Long             | DBT              | CORP              | US        |    400000 | PA      | $372000.00    | 0.14%             | 2029-04-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| LOUISIANA PACIFIC CORP                                                           | LOUISIANA PACIFIC CORP 3.625% 03/15/2029 144A                                                         | CUSIP: 546347AM7<br>LEI: 549300C7E2UAO5BVRR75 | Long             | DBT              | CORP              | US        |    700000 | PA      | $582777.86    | 0.22%             | 2029-03-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2022-12-30

**Name of Applicant:** Stacie M. Smith

**Signature:** Stacie M. Smith

**Name of Signer:** Stacie M. Smith

**Title:** President and Treasurer