# EDGAR Filing Document

**Accession Number:** 0000802716
**File Stem:** 0001752724-23-041273
**Filing Date:** 2023-2
**Character Count:** 64913
**Document Hash:** ee2ebda440224de04e107a4f4ef4f99f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-041273.hdr.sgml**: 20230227

**ACCESSION NUMBER**: 0001752724-23-041273

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230227

**DATE AS OF CHANGE**: 20230227

**PERIOD START**: 20221231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** VICTORY PORTFOLIOS
- **CENTRAL INDEX KEY:** 0000802716
- **IRS NUMBER:** 316364605
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04852
- **FILM NUMBER:** 23671072

**BUSINESS ADDRESS:**
- **STREET 1:** 4900 TIEDEMAN ROAD
- **CITY:** BROOKLYN
- **STATE:** OH
- **ZIP:** 44144
- **BUSINESS PHONE:** 6144708000

**MAIL ADDRESS:**
- **STREET 1:** 4900 TIEDEMAN ROAD
- **CITY:** BROOKLYN
- **STATE:** OH
- **ZIP:** 44144

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SOCIETY FUNDS
- **DATE OF NAME CHANGE:** 19940906

## Series and Classes Contracts Data

### Victory Floating Rate Fund (Series ID: S000053575)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000168384 | Class A      | RSFLX           |
| C000168385 | Class C      | RSFCX           |
| C000168386 | Class R      | RSFKX           |
| C000168387 | Class Y      | RSFYX           |
| C000219868 | Member Class | RSFMX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Victory Portfolios

- **b. Investment Company Act file number:** 811-04852

- **c. CIK number of Registrant:** 0000802716

- **d. LEI of Registrant:** 549300V07N3HJP1EW330

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

  - **Street Address 1:** 4900 Tiedeman Road 4th Floor

  - **City:** Brooklyn

  - **State:** OH

  - **Foreign country:** US

  - **Zip / Postal Code:** 44144

  - **Telephone number:** 800-539-3863

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

- **a. Name of Series:** Victory Floating Rate Fund

- **b. EDGAR series identifier (if any):** S000053575

- **c. LEI of Series:** 5493006V5CZZVATH3R53

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

- **a. Date of fiscal year-end:** 2022-12-31

- **b. Date as of which information is reported:** 2022-12-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $1264597979.88

**Total Liabilities:** $13810894.38

**Net Assets:** $1250787085.50

**Cash Not Reported:** $700287.12

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 0.00000000 | **1-Year:** -1583.78084194 | **5-Year:** -1583.78084194 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

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

- **3-Month:** -248.87682211 | **1-Year:** -81848.12750571 | **5-Year:** -100461.85216111 | **10-Year:** -9601.55803251 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000168386 | 0.36%                | 0.69%                | -0.43%               |
| Class ID C000168384 | 0.41%                | 0.74%                | -0.38%               |
| Class ID C000168385 | 0.46%                | 0.55%                | -0.45%               |
| Class ID C000219868 | 0.43%                | 0.63%                | -0.25%               |
| Class ID C000168387 | 0.55%                | 0.64%                | -0.36%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-14417248.67            | $11829450.79                               |
| Month 2  | $-4885677.99             | $5028175.37                                |
| Month 3  | $-13797975.69            | $-91348.21                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| ATHLETICO MANAGEMENT, LLC                      | ACCELERATED HEALTH SYSTEMS LLC           | CUSIP: 04747LAM5<br>LEI: 549300JB0MJ8ANO93G12 | Long             | DBT              | CORP              | US        |   3987500 | PA      | $3224890.63   | 0.26%             | 2029-02-02      | Floating      | 8.83%                 | No            |                  2 | On Loan: No      |
| AMERICAN AIRLINES, INC.                        | AMERICAN AIRLINES INC                    | CUSIP: 023771S58<br>LEI: IWUQB36BXD6OWD6X4T14 | Long             | DBT              | CORP              | US        |   5320000 | PA      | $5723468.80   | 0.46%             | 2025-07-15      | Fixed         | 11.75%                | Yes           |                  2 | On Loan: No      |
| Covis Finco S.a r.l.                           | COVIS FINCO SARL                         | CUSIP: L3680LAH4<br>LEI: 549300NNIZ3SBBEUQM24 | Long             | DBT              | CORP              | LU        |  16575000 | PA      | $8950500.00   | 0.72%             | 2027-02-14      | Floating      | 11.08%                | No            |                  2 | On Loan: No      |
| Hunter Douglas Holding B.V.                    | HUNTER DOUGLAS INC                       | CUSIP: N8137FAB6<br>LEI: 549300XOR2688C8LK689 | Long             | DBT              | CORP              | NL        |  16950000 | PA      | $14846335.50  | 1.19%             | 2029-02-09      | Floating      | 7.86%                 | No            |                  2 | On Loan: No      |
| TIBCO SOFTWARE INC.                            | PICARD MIDCO INC                         | CUSIP: 88632QAE3<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $846750.00    | 0.07%             | 2029-03-31      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| FORD MOTOR COMPANY                             | FORD MOTOR CO                            | CUSIP: 345370DB3<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | DBT              | CORP              | US        |   3500000 | PA      | $3242610.00   | 0.26%             | 2032-08-19      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| PREMIER ENTERTAINMENT SUB, LLC                 | PREMIER ENTERTAINMENT SUB LLC            | CUSIP: 74052HAB0<br>LEI: 549300KRDMIL2NJVZ267 | Long             | DBT              | CORP              | US        |   6000000 | PA      | $4232820.00   | 0.34%             | 2031-09-01      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| McGraw-Hill Education, Inc.                    | MCGRAW HILL EDUCATION INC                | CUSIP: 58063DAC7<br>LEI: 254900U6YJ9QZ4IQOR26 | Long             | DBT              | CORP              | US        |  18559843 | PA      | $17428806.26  | 1.39%             | 2028-07-30      | Floating      | 8.32%                 | No            |                  2 | On Loan: No      |
| WABASH NATIONAL CORPORATION                    | WABASH NATIONAL CORP                     | CUSIP: 929566AL1<br>LEI: 5299004ZAWHQZI5XO485 | Long             | DBT              | CORP              | US        |   2950000 | PA      | $2501452.50   | 0.20%             | 2028-10-15      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| SINCLAIR TELEVISION GROUP, INC.                | SINCLAIR TELEVISION GROU                 | CUSIP: 829259AY6<br>LEI: 549300CQGEN0CH65UD62 | Long             | DBT              | CORP              | US        |   8850000 | PA      | $6195088.50   | 0.50%             | 2030-03-01      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| DELTA AIR LINES, INC.                          | SKYMILES IP LTD                          | CUSIP: 24736CBS2<br>LEI: Q2CCMS6R0AS67HJMBN42 | Long             | DBT              | CORP              | KY        |  18911595 | PA      | $19252003.55  | 1.54%             | 2027-10-20      | Floating      | 7.99%                 | No            |                  2 | On Loan: No      |
| TAILWIND SMITH COOPER INTERMEDIATE CORPORATION | ANVIL INTERNATIONAL                      | CUSIP: 87403UAD5<br>LEI: 5493009Z35W85MD6BT92 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2541570.00   | 0.20%             | 2027-05-28      | Floating      | 13.42%                | No            |                  2 | On Loan: No      |
| AMNEAL PHARMACEUTICALS LLC                     | AMNEAL PHARMACEUTICALS LLC               | CUSIP: 03167DAH7<br>LEI: 54930037VIXE7LRZ1M66 | Long             | DBT              | CORP              | US        |  18530572 | PA      | $16555028.04  | 1.32%             | 2025-03-23      | Floating      | 8.25%                 | No            |                  2 | On Loan: No      |
| IHEARTCOMMUNICATIONS, INC.                     | IHEARTCOMMUNICATIONS INC                 | CUSIP: 45174UAG3<br>LEI: 54930076J6KDZL504O62 | Long             | DBT              | CORP              | US        |   6189535 | PA      | $5688554.27   | 0.45%             | 2026-05-01      | Floating      | 7.63%                 | No            |                  2 | On Loan: No      |
| CP ATLAS BUYER, INC.                           | CP ATLAS BUYER INC                       | CUSIP: 12658HAG7<br>LEI: 2549006ZZ07G0NDDCR36 | Long             | DBT              | CORP              | US        |  18790674 | PA      | $16408016.76  | 1.31%             | 2027-11-23      | Floating      | 7.88%                 | No            |                  2 | On Loan: No      |
| WAYSTAR TECHNOLOGIES, INC.                     | WAYSTAR TECHNOLOGIES INC                 | CUSIP: 63939WAG8<br>LEI: 549300BIRBTAWWHCSZ09 | Long             | DBT              | CORP              | US        |   7812658 | PA      | $7662888.99   | 0.61%             | 2026-10-23      | Floating      | 8.38%                 | No            |                  2 | On Loan: No      |
| BW NHHC HOLDCO INC.                            | BW NHHC HOLDCO INC                       | CUSIP: 05606CAB6<br>LEI: 549300Y5ZHAEE7MHCH51 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $900000.00    | 0.07%             | 2026-05-15      | Floating      | 13.67%                | No            |                  2 | On Loan: No      |
| TEGNA INC.                                     | TEGNA INC                                | CUSIP: 87901JAH8<br>LEI: 549300YC5EDBGX85AO10 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4733400.00   | 0.38%             | 2029-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AMERICAN AXLE & MANUFACTURING, INC.            | AMERICAN AXLE MANUFACTURING INC          | CUSIP: 02406MAU1<br>LEI: RY5TAKFOBLDUGX31MS24 | Long             | DBT              | CORP              | US        |   2750000 | PA      | $2685842.50   | 0.21%             | 2029-12-08      | Floating      | 7.93%                 | No            |                  2 | On Loan: No      |
| SURGERY CENTER HOLDINGS, INC.                  | SURGERY CENTER HOLDINGS                  | CUSIP: 86881WAD4<br>LEI: 54930054EVI5HWPPW113 | Long             | DBT              | CORP              | US        |   2436000 | PA      | $2476072.20   | 0.20%             | 2027-04-15      | Fixed         | 10.00%                | Yes           |                  2 | On Loan: No      |
| SPARTA U.S. HOLDCO LLC                         | SPARTA US HOLDCO LLC                     | CUSIP: 84673EAB5<br>LEI: 5493004EFF9NBQ1A8453 | Long             | DBT              | CORP              | US        |   3970000 | PA      | $3852567.40   | 0.31%             | 2028-04-30      | Floating      | 7.62%                 | No            |                  2 | On Loan: No      |
| SINCLAIR TELEVISION GROUP, INC.                | SINCLAIR TELEVISION GROUP INC            | CUSIP: 82925BAF2<br>LEI: 549300CQGEN0CH65UD62 | Long             | DBT              | CORP              | US        |  15854623 | PA      | $15014327.99  | 1.20%             | 2028-03-25      | Floating      | 7.39%                 | No            |                  2 | On Loan: No      |
| BALLY'S CORPORATION                            | BALLY S CORP                             | CUSIP: 05875CAB0<br>LEI: 549300NS4D5IK406VT62 | Long             | DBT              | CORP              | US        |  11895038 | PA      | $10976146.03  | 0.88%             | 2028-10-01      | Floating      | 7.54%                 | No            |                  2 | On Loan: No      |
| MHI HOLDINGS, LLC                              | MHI HOLDINGS LLC                         | CUSIP: 55303YAC7<br>LEI: 549300XOWJ3ALVFU4F13 | Long             | DBT              | CORP              | US        |   5509122 | PA      | $5447144.29   | 0.44%             | 2026-09-20      | Floating      | 9.38%                 | No            |                  2 | On Loan: No      |
| ENVISION HEALTHCARE CORPORATION                | ENVISION HEALTHCARE CORP                 | CUSIP: 29373UAG6<br>LEI: 549300OL60X0LPKY8N60 | Long             | DBT              | CORP              | US        |   3958372 | PA      | $989593.03    | 0.08%             | 2027-03-31      | Floating      | 8.33%                 | No            |                  2 | On Loan: No      |
| THE MICHAELS COMPANIES, INC.                   | MAGIC MERGERCO INC                       | CUSIP: 55916AAB0<br>LEI: 549300H9LWMBP7HYLR98 | Long             | DBT              | CORP              | US        |   2070000 | PA      | $1397022.30   | 0.11%             | 2029-05-01      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| WHITE CAP SUPPLY HOLDINGS, LLC                 | WHITE CAP BUYER LLC                      | CUSIP: 96350TAC4<br>LEI: 254900L2N0T6GULCL366 | Long             | DBT              | CORP              | US        |  11280904 | PA      | $10890133.15  | 0.87%             | 2027-10-19      | Floating      | 8.07%                 | No            |                  2 | On Loan: No      |
| BCPE CYCLE MERGER SUB II, INC.                 | BCPE CYCLE MERGER SUB II                 | CUSIP: 07335BAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1120000 | PA      | $235390.40    | 0.02%             | 2027-07-15      | Fixed         | 10.62%                | Yes           |                  2 | On Loan: No      |
| GLOBAL MEDICAL RESPONSE, INC.                  | GLOBAL MEDICAL RESPONSE INC              | CUSIP: 00169QAF6<br>LEI: 549300ZFWD4ZFCEJCQ87 | Long             | DBT              | CORP              | US        |  10827224 | PA      | $7545275.85   | 0.60%             | 2025-10-02      | Floating      | 8.65%                 | No            |                  2 | On Loan: No      |
| IHEARTCOMMUNICATIONS, INC.                     | IHEARTCOMMUNICATIONS INC                 | CUSIP: 45174HBD8<br>LEI: 54930076J6KDZL504O62 | Long             | DBT              | CORP              | US        |   5500000 | PA      | $4684350.00   | 0.37%             | 2027-05-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| SRS DISTRIBUTION INC.                          | SRS DISTRIBUTION INC                     | CUSIP: 78466YAN8<br>LEI: 549300ZQ3XP75BCYM468 | Long             | DBT              | CORP              | US        |  17221101 | PA      | $16430824.27  | 1.31%             | 2028-06-04      | Floating      | 7.88%                 | No            |                  2 | On Loan: No      |
| CLYDESDALE ACQUISITION HOLDINGS, INC.          | CLYDESDALE ACQUISITION HOLDINGS LLC      | CUSIP: 18972FAC6<br>LEI: 254900QKSDYFR3K5YD98 | Long             | DBT              | CORP              | US        |   3955000 | PA      | $3758911.10   | 0.30%             | 2029-04-13      | Floating      | 8.60%                 | No            |                  2 | On Loan: No      |
| KESTREL BIDCO INC.                             | WESTJET AIRLINES LTD                     | CUSIP: C4927UAB8<br>LEI: 5493004LHNGMD0JHE251 | Long             | DBT              | CORP              | CA        |  23693364 | PA      | $21494382.81  | 1.72%             | 2026-12-11      | Floating      | 7.35%                 | No            |                  2 | On Loan: No      |
| U.S. RENAL CARE, INC.                          | US RENAL CARE INC                        | CUSIP: 90290PAN4<br>LEI: 54930058SS5MF69JGN89 | Long             | DBT              | CORP              | US        |  22598519 | PA      | $12520257.42  | 1.00%             | 2026-07-26      | Floating      | 9.44%                 | No            |                  2 | On Loan: No      |
| APEX TOOL GROUP, LLC                           | APEX TOOL GROUP LLC                      | CUSIP: 03759DAK4<br>LEI: 549300LWC59TPOM4ZR02 | Long             | DBT              | CORP              | US        |   5877132 | PA      | $5016661.09   | 0.40%             | 2029-02-08      | Floating      | 9.57%                 | No            |                  2 | On Loan: No      |
| MILEAGE PLUS HOLDINGS, LLC                     | MILEAGE PLUS HOLDINGS LLC                | CUSIP: 59921PAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  18710526 | PA      | $19220388.16  | 1.54%             | 2027-06-20      | Floating      | 10.00%                | No            |                  2 | On Loan: No      |
| LBM ACQUISITION, LLC                           | LBM ACQUISITION LLC                      | CUSIP: 50179JAB4<br>LEI: 549300FAEB3VWZL4NI86 | Long             | DBT              | CORP              | US        |  19331888 | PA      | $16716089.90  | 1.34%             | 2027-12-17      | Floating      | 7.12%                 | No            |                  2 | On Loan: No      |
| AZZ INC.                                       | AZZ INC                                  | CUSIP: 00247NAG7<br>LEI: 549300HD1X2NFLWPYC83 | Long             | DBT              | CORP              | US        |  10835000 | PA      | $10821456.25  | 0.87%             | 2029-05-06      | Floating      | 8.57%                 | No            |                  2 | On Loan: No      |
| NEPTUNE BIDCO US INC.                          | NEPTUNE BIDCO US INC                     | CUSIP: 64069JAC6<br>LEI: 549300VG15T3VCYZ4531 | Long             | DBT              | CORP              | US        |   3500000 | PA      | $3117205.00   | 0.25%             | 2029-04-11      | Floating      | 9.64%                 | No            |                  2 | On Loan: No      |
| BAUSCH HEALTH COMPANIES INC.                   | BAUSCH HEALTH COS INC                    | CUSIP: C9413PBD4<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | DBT              | CORP              | CA        |  18687500 | PA      | $14140270.63  | 1.13%             | 2027-01-27      | Floating      | 9.57%                 | No            |                  2 | On Loan: No      |
| CUMULUS MEDIA NEW HOLDINGS INC.                | CUMULUS MEDIA NEW HLDGS                  | CUSIP: 23110AAA4<br>LEI: 5493001D9VBAVY1OKJ46 | Long             | DBT              | CORP              | US        |   8247000 | PA      | $6926242.95   | 0.55%             | 2026-07-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| TEAM HEALTH HOLDINGS, INC.                     | TENNESSEE MERGER SUB INC                 | CUSIP: 88047PAA2<br>LEI: 549300PVTQ4UDTTMQT11 | Long             | DBT              | CORP              | US        |   8383000 | PA      | $4843613.57   | 0.39%             | 2025-02-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| BAUSCH HEALTH COMPANIES INC.                   | BAUSCH HEALTH COS INC                    | CUSIP: 071734AJ6<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | DBT              | CORP              | CA        |   8466000 | PA      | $4090009.26   | 0.33%             | 2030-01-30      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| LIFESCAN GLOBAL CORPORATION                    | LIFESCAN GLOBAL CORP                     | CUSIP: 53227PAE0<br>LEI: 549300VL0F83S4LR4105 | Long             | DBT              | CORP              | US        |   3750000 | PA      | $2475000.00   | 0.20%             | 2025-06-19      | Floating      | 14.25%                | No            |                  2 | On Loan: No      |
| JO-ANN STORES, LLC                             | JO ANN STORES LLC                        | CUSIP: 47759DAE5<br>LEI: 549300GM65RR2EMGLI48 | Long             | DBT              | CORP              | US        |  18258850 | PA      | $12263921.94  | 0.98%             | 2028-06-30      | Floating      | 9.08%                 | No            |                  2 | On Loan: No      |
| BOMBARDIER INC.                                | BOMBARDIER INC                           | CUSIP: 097751BT7<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |   4000000 | PA      | $3894280.00   | 0.31%             | 2027-04-15      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| GRAHAM PACKAGING COMPANY INC.                  | GRAHAM PACKAGING CO INC                  | CUSIP: 38469EAD5<br>LEI: 549300YS0ZFT826HIK72 | Long             | DBT              | CORP              | US        |   9619763 | PA      | $9435351.84   | 0.75%             | 2027-08-04      | Floating      | 7.38%                 | No            |                  2 | On Loan: No      |
| THE HERTZ CORPORATION                          | HERTZ CORP THE                           | CUSIP: 42804VBB6<br>LEI: 549300PD0C69OJ0NLB27 | Long             | DBT              | CORP              | US        |  16703898 | PA      | $16339585.99  | 1.31%             | 2028-06-30      | Floating      | 7.63%                 | No            |                  2 | On Loan: No      |
| PG&E CORPORATION                               | PG E CORP                                | CUSIP: 69338CAH4<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | DBT              | CORP              | US        |  10767236 | PA      | $10669685.01  | 0.85%             | 2025-06-23      | Floating      | 7.44%                 | No            |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYSTEMS, INC.             | CHS COMMUNITY HEALTH SYSTEMS INC         | CUSIP: 12543DBL3<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |   6500000 | PA      | $3272880.00   | 0.26%             | 2030-04-01      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| PERATON CORP.                                  | PERATON CORP                             | CUSIP: 71360HAB3<br>LEI: 549300EQPCK07ZW63836 | Long             | DBT              | CORP              | US        |   8121793 | PA      | $7917042.87   | 0.63%             | 2028-02-01      | Floating      | 8.13%                 | No            |                  2 | On Loan: No      |
| Anchor Packaging, LLC                          | ANCHOR PACKAGING LLC                     | CUSIP: 03306UAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   6869351 | PA      | $6551643.59   | 0.52%             | 2026-07-18      | Floating      | 8.38%                 | No            |                  2 | On Loan: No      |
| ACRISURE, LLC                                  | ACRISURE LLC                             | CUSIP: 00488PAL9<br>LEI: 549300R0Z1Q47XRTGO22 | Long             | DBT              | CORP              | US        |   6141445 | PA      | $5749928.11   | 0.46%             | 2027-02-15      | Floating      | 7.88%                 | No            |                  2 | On Loan: No      |
| CORNERSTONE BUILDING BRANDS, INC.              | CORNERSTONE BUILDING BRANDS INC          | CUSIP: 72431HAD2<br>LEI: 549300IW41QEWQ6T0H29 | Long             | DBT              | CORP              | US        |  16560250 | PA      | $14803704.54  | 1.18%             | 2028-04-12      | Floating      | 7.57%                 | No            |                  2 | On Loan: No      |
| ROBERTSHAW US HOLDING CORP.                    | ROBERTSHAW US HOLDING CORP               | CUSIP: 77051UAH2<br>LEI: 549300NMXRV2JIXFIY04 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $2060000.00   | 0.16%             | 2026-02-15      | Floating      | 12.75%                | No            |                  2 | On Loan: No      |
| RISING TIDE HOLDINGS INC.                      | RISING TIDE HOLDINS INC                  | CUSIP: 76770EAB3<br>LEI: 254900T03WM6VU0KWL83 | Long             | DBT              | CORP              | US        |  10879849 | PA      | $4895932.25   | 0.39%             | 2028-06-01      | Floating      | 9.48%                 | No            |                  2 | On Loan: No      |
| CALPINE CORPORATION                            | CALPINE CORP                             | CUSIP: 131347CN4<br>LEI: 43R4VPJBXTU2O15HEF41 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2237825.00   | 0.18%             | 2028-03-15      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| AUDACY CAPITAL CORP.                           | ENTERCOM MEDIA CORP                      | CUSIP: 29365DAA7<br>LEI: 549300S5JUSXRHNCHD80 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $569460.00    | 0.05%             | 2027-05-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| FRONTIER COMMUNICATIONS HOLDINGS, LLC          | FRONTIER COMMUNICATION CORP              | CUSIP: 35906EAQ3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  15804660 | PA      | $15042717.28  | 1.20%             | 2027-10-08      | Floating      | 8.50%                 | No            |                  2 | On Loan: No      |
| UNIVISION COMMUNICATIONS INC.                  | UNIVISION COMMUNICATIONS INC             | CUSIP: 914908BC1<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |  10176061 | PA      | $9999811.65   | 0.80%             | 2026-03-24      | Floating      | 7.63%                 | No            |                  2 | On Loan: No      |
| TRAVERSE MIDSTREAM PARTNERS LLC                | TRAVERSE MIDSTREAM PARTNERS LLC          | CUSIP: 89435TAB0<br>LEI: 549300DHTM8B2X5QMJ22 | Long             | DBT              | CORP              | US        |  12914362 | PA      | $12869936.10  | 1.03%             | 2024-09-27      | Floating      | 8.80%                 | No            |                  2 | On Loan: No      |
| MADISON IAQ LLC                                | MADISON IAQ LLC                          | CUSIP: 55759VAB4<br>LEI: 549300IXDNBXNHUPBU73 | Long             | DBT              | CORP              | US        |  12168573 | PA      | $11294017.86  | 0.90%             | 2028-06-16      | Floating      | 7.99%                 | No            |                  2 | On Loan: No      |
| LIFESCAN GLOBAL CORPORATION                    | LIFESCAN GLOBAL CORP                     | CUSIP: 53227PAC4<br>LEI: 549300VL0F83S4LR4105 | Long             | DBT              | CORP              | US        |  21195621 | PA      | $15195988.76  | 1.21%             | 2024-10-01      | Floating      | 10.75%                | No            |                  2 | On Loan: No      |
| CPM HOLDINGS, INC.                             | CPM HOLDINGS INC                         | CUSIP: 12654NAE3<br>LEI: 549300FBUISJCXV8IB65 | Long             | DBT              | CORP              | US        |   1595960 | PA      | $1550746.06   | 0.12%             | 2026-11-16      | Floating      | 12.62%                | No            |                  2 | On Loan: No      |
| ROBERTSHAW US HOLDING CORP.                    | ROBERTSHAW US HOLDING CORP               | CUSIP: 77051UAF6<br>LEI: 549300NMXRV2JIXFIY04 | Long             | DBT              | CORP              | US        |   6321385 | PA      | $4247970.40   | 0.34%             | 2025-02-28      | Floating      | 8.25%                 | No            |                  2 | On Loan: No      |
| 19TH HOLDINGS GOLF, LLC                        | 19TH HOLDINGS DELAWARE INC               | CUSIP: 68250XAB7<br>LEI: 549300INS30LLUJP0S18 | Long             | DBT              | CORP              | US        |  21680625 | PA      | $19837771.88  | 1.59%             | 2029-01-27      | Floating      | 7.36%                 | No            |                  2 | On Loan: No      |
| TEAM HEALTH HOLDINGS, INC.                     | TEAM HEALTH HOLDINGS INC                 | CUSIP: 87817JAG3<br>LEI: 549300PVTQ4UDTTMQT11 | Long             | DBT              | CORP              | US        |  21373009 | PA      | $15976324.25  | 1.28%             | 2027-02-17      | Floating      | 9.57%                 | No            |                  2 | On Loan: No      |
| AVIS BUDGET CAR RENTAL, LLC                    | AVIS BUDGET CAR FINANCE                  | CUSIP: 053773BF3<br>LEI: XN8R4HH1TVC1XOCL5P21 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $3434400.00   | 0.27%             | 2029-03-01      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| ANTERO MIDSTREAM PARTNERS LP                   | ANTERO MIDSTREAM PARTNERS LP             | CUSIP: 03690AAH9<br>LEI: 529900HFO1BDEIT4QU11 | Long             | DBT              | CORP              | US        |   2334000 | PA      | $2134979.82   | 0.17%             | 2029-06-15      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| DIAMOND SPORTS GROUP, LLC                      | DIAMOND SPORTS GROUP LLC                 | CUSIP: 25277BAG3<br>LEI: 5493002K6DHWNZH8YA34 | Long             | DBT              | CORP              | US        |  19851153 | PA      | $2382138.37   | 0.19%             | 2026-08-24      | Floating      | 7.88%                 | No            |                  2 | On Loan: No      |
| KNIGHT HEALTH HOLDINGS LLC                     | KNIGHT HEALTH HOLDINGS LLC               | CUSIP: 49902TAB8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  23323750 | PA      | $13586084.38  | 1.09%             | 2028-12-17      | Floating      | 9.63%                 | No            |                  2 | On Loan: No      |
| AIR CANADA                                     | AIR CANADA                               | CUSIP: C0102MAP0<br>LEI: 4B4HI3CGXMBDC0G6BM51 | Long             | DBT              | CORP              | CA        |  15932500 | PA      | $15713428.13  | 1.26%             | 2028-08-11      | Floating      | 8.13%                 | No            |                  2 | On Loan: No      |
| CPM HOLDINGS, INC.                             | CPM HOLDINGS INC                         | CUSIP: 12654NAC7<br>LEI: 549300FBUISJCXV8IB65 | Long             | DBT              | CORP              | US        |   2887485 | PA      | $2829734.84   | 0.23%             | 2025-11-17      | Floating      | 7.87%                 | No            |                  2 | On Loan: No      |
| WP CPP HOLDINGS, LLC                           | WP CPP HOLDINGS LLC                      | CUSIP: 92937JAM5<br>LEI: 549300HT8KGOLU7VM426 | Long             | DBT              | CORP              | US        |   9742568 | PA      | $8441253.16   | 0.67%             | 2025-04-30      | Floating      | 8.17%                 | No            |                  2 | On Loan: No      |
| ENVISION HEALTHCARE CORPORATION                | ENVISION HEALTHCARE CORP                 | CUSIP: 29373UAE1<br>LEI: 549300OL60X0LPKY8N60 | Long             | DBT              | CORP              | US        |   1422512 | PA      | $1260701.03   | 0.10%             | 2027-07-22      | Floating      | 12.46%                | No            |                  2 | On Loan: No      |
| CINEWORLD                                      | CINEWORLD                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |    377856 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ALLIANCE LAUNDRY SYSTEMS LLC                   | ALLIANCE LAUNDRY SYSTEMS LLC             | CUSIP: 01862LAW8<br>LEI: 549300YBOGK6MBI5ND34 | Long             | DBT              | CORP              | US        |   9743352 | PA      | $9541177.78   | 0.76%             | 2027-10-08      | Floating      | 8.31%                 | No            |                  2 | On Loan: No      |
| CUMULUS MEDIA NEW HOLDINGS INC.                | CUMULUS MEDIA NEW HOLDINGS INC           | CUSIP: 23108LAB2<br>LEI: 5493001D9VBAVY1OKJ46 | Long             | DBT              | CORP              | US        |  19164544 | PA      | $17899684.32  | 1.43%             | 2026-03-31      | Floating      | 8.13%                 | No            |                  2 | On Loan: No      |
| LIFEPOINT HEALTH, INC.                         | REGIONALCARE HOSPITAL PARTNERS HOLDINGS  | CUSIP: 75915TAD4<br>LEI: 549300G8ZVHRTBBBSZ90 | Long             | DBT              | CORP              | US        |   8231875 | PA      | $7742078.78   | 0.62%             | 2025-11-16      | Floating      | 8.16%                 | No            |                  2 | On Loan: No      |
| CHART INDUSTRIES, INC.                         | CHART INDUSTRIES INC                     | CUSIP: 16115QAF7<br>LEI: EM7QGKC1GYOF3LSZSL80 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1255187.50   | 0.10%             | 2030-01-01      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| INTELSAT JACKSON HOLDINGS S.A.                 | INTELSAT JACKSON HOLDINGS SA             | CUSIP: L5137LAQ8<br>LEI: 8XJ8KF85PBKK1TLMFN29 | Long             | DBT              | CORP              | LU        |  20065822 | PA      | $19334824.17  | 1.55%             | 2029-02-01      | Floating      | 7.19%                 | No            |                  2 | On Loan: No      |
| CHASSX INC                                     | CHASSX INC                               | CUSIP: 16169TAD1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3795604 | PA      | $3169329.75   | 0.25%             | 2023-11-10      | Floating      | 9.81%                 | No            |                  2 | On Loan: No      |
| UNIVISION COMMUNICATIONS INC.                  | UNIVISION COMMUNICATIONS INC             | CUSIP: 914908BB3<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |   5457500 | PA      | $5282423.40   | 0.42%             | 2028-05-07      | Floating      | 7.63%                 | No            |                  2 | On Loan: No      |
| PETSMART LLC                                   | PETSMART INC                             | CUSIP: 71677HAL9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  14885301 | PA      | $14536389.11  | 1.16%             | 2028-02-12      | Floating      | 8.13%                 | No            |                  2 | On Loan: No      |
| TIBCO SOFTWARE INC.                            | TIBCO SOFTWARE INC                       | CUSIP: 88632NAV2<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |   6250000 | PA      | $5570312.50   | 0.45%             | 2029-03-20      | Floating      | 9.08%                 | No            |                  2 | On Loan: No      |
| Trinseo Materials Operating S.C.A.             | TRINSEO MATERIALS OPERATING SCA          | CUSIP: 89668QAF5<br>LEI: 549300WNMXD3KV7LO256 | Long             | DBT              | CORP              | LU        |   2000000 | PA      | $1296800.00   | 0.10%             | 2029-04-01      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| THE HERTZ CORPORATION                          | HERTZ CORP THE                           | CUSIP: 428040DB2<br>LEI: 549300PD0C69OJ0NLB27 | Long             | DBT              | CORP              | US        |   5200000 | PA      | $3943940.00   | 0.32%             | 2029-12-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| THE MICHAELS COMPANIES, INC.                   | MICHAELS COS INC THE                     | CUSIP: 59408UAB3<br>LEI: 549300H9LWMBP7HYLR98 | Long             | DBT              | CORP              | US        |  17244838 | PA      | $14840217.55  | 1.19%             | 2028-04-15      | Floating      | 8.98%                 | No            |                  2 | On Loan: No      |
| WP CPP HOLDINGS, LLC                           | WP CPP HOLDINGS LLC                      | CUSIP: 92937JAP8<br>LEI: 549300HT8KGOLU7VM426 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1663760.00   | 0.13%             | 2026-04-30      | Floating      | 12.17%                | No            |                  2 | On Loan: No      |
| FIRST BRANDS GROUP, LLC                        | FIRST BRANDS GROUP LLC                   | CUSIP: 31935HAD9<br>LEI: 2549005IXRZR7KSBJD91 | Long             | DBT              | CORP              | US        |   6409925 | PA      | $6050968.86   | 0.48%             | 2027-03-24      | Floating      | 8.37%                 | No            |                  2 | On Loan: No      |
| UPSTREAM NEWCO, INC.                           | UPSTREAM NEWCO INC                       | CUSIP: 91678HAF9<br>LEI: 549300Q4K2W4R1EBTH48 | Long             | DBT              | CORP              | US        |   4932475 | PA      | $4237834.54   | 0.34%             | 2026-11-20      | Floating      | 9.09%                 | No            |                  2 | On Loan: No      |
| CINEMARK USA, INC.                             | CINEMARK USA INC                         | CUSIP: 172442AS4<br>LEI: 54930008H2137JSCPQ09 | Long             | DBT              | CORP              | US        |   3968517 | PA      | $3806323.94   | 0.30%             | 2025-03-29      | Floating      | 6.48%                 | No            |                  2 | On Loan: No      |
| ALBAUGH, LLC                                   | ALBAUGH LLC                              | CUSIP: 01260HAH8<br>LEI: 5493008ZHS8IORT6HC90 | Long             | DBT              | CORP              | US        |  13600424 | PA      | $13373705.19  | 1.07%             | 2024-12-21      | Floating      | 7.59%                 | No            |                  2 | On Loan: No      |
| CINEMARK USA, INC.                             | CINEMARK USA INC                         | CUSIP: 172441BF3<br>LEI: 54930008H2137JSCPQ09 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $742780.00    | 0.06%             | 2028-07-15      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| AADVANTAGE LOYALTY IP LTD                      | AADVANTAGE LOYALTY IP LTD                | CUSIP: 02376CBJ3<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |  20334127 | PA      | $20222898.96  | 1.62%             | 2028-04-20      | Floating      | 8.99%                 | No            |                  2 | On Loan: No      |
| RADIOLOGY PARTNERS, INC.                       | RADIOLOGY PARTNERS INC                   | CUSIP: 75041EAB8<br>LEI: 549300SFTAG2177WUZ08 | Long             | DBT              | CORP              | US        |  17451802 | PA      | $14594069.53  | 1.17%             | 2025-07-09      | Floating      | 8.64%                 | No            |                  2 | On Loan: No      |
| AIR METHODS CORPORATION                        | AIR METHODS CORPORATION                  | CUSIP: 00912YAL6<br>LEI: 54930081QGNZXVDOZF63 | Long             | DBT              | CORP              | US        |  19494029 | PA      | $10867921.01  | 0.87%             | 2024-04-21      | Floating      | 8.23%                 | No            |                  2 | On Loan: No      |
| INNIO Group Holding GmbH                       | AI ALPINE US BIDCO INC                   | CUSIP: BL2772178<br>LEI: 549300KQQI7KQCL6ZI60 | Long             | DBT              | CORP              | AT        |   8779762 | PA      | $8093886.88   | 0.65%             | 2025-11-06      | Floating      | 7.28%                 | No            |                  2 | On Loan: No      |
| STATION CASINOS LLC                            | STATION CASINOS LLC                      | CUSIP: 85769EAZ4<br>LEI: 5493004E7Q60TX54WL62 | Long             | DBT              | CORP              | US        |   8243951 | PA      | $8033565.56   | 0.64%             | 2027-02-08      | Floating      | 6.64%                 | No            |                  2 | On Loan: No      |
| JANUS INTERNATIONAL GROUP, LLC                 | JANUS INTERNATIONAL GROUP LLC            | CUSIP: 47102DAJ8<br>LEI: 549300EG57ZJJG8NC776 | Long             | DBT              | CORP              | US        |  13409828 | PA      | $12951613.88  | 1.04%             | 2025-02-15      | Floating      | 7.98%                 | No            |                  2 | On Loan: No      |
| LESLIE'S POOLMART, INC.                        | LESLIE S POOLMART INC                    | CUSIP: 52706YAJ2<br>LEI: 549300MZRH1GJYUMRM83 | Long             | DBT              | CORP              | US        |  10012576 | PA      | $9778982.85   | 0.78%             | 2028-03-09      | Floating      | 7.23%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC.                                 | TRANSDIGM INC                            | CUSIP: 89364MBR4<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |   7760258 | PA      | $7656115.21   | 0.61%             | 2025-12-09      | Floating      | 6.98%                 | No            |                  2 | On Loan: No      |
| BRAND INDUSTRIAL SERVICES, INC.                | BRAND ENERGY INFRASTRUCTURE SERVICES INC | CUSIP: 10524MAN7<br>LEI: 549300B658W2BPDQMW42 | Long             | DBT              | CORP              | US        |   7583302 | PA      | $6768097.20   | 0.54%             | 2024-06-21      | Floating      | 9.06%                 | No            |                  2 | On Loan: No      |
| AIR METHODS CORPORATION                        | ASP AMC MERGER SUB                       | CUSIP: 00215JAA7<br>LEI: 54930081QGNZXVDOZF63 | Long             | DBT              | CORP              | US        |  14250000 | PA      | $814530.00    | 0.07%             | 2025-05-15      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| PACTIV EVERGREEN INC.                          | PACTIV EVERGREEN GROUP HOLDINGS INC      | CUSIP: 76173FAW7<br>LEI: 894500GNKGJRUSH1F791 | Long             | DBT              | CORP              | US        |   4485988 | PA      | $4425695.86   | 0.35%             | 2026-02-05      | Floating      | 7.63%                 | No            |                  2 | On Loan: No      |
| COMPASS GROUP DIVERSIFIED HOLDINGS LLC         | COMPASS GROUP DIVERSIFIE                 | CUSIP: 20451RAB8<br>LEI: 549300I6PTUQPX21TE93 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $3430200.00   | 0.27%             | 2029-04-15      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| PETCO HEALTH AND WELLNESS COMPANY, INC.        | PETCO ANIMAL SUPPLIES INC                | CUSIP: 71601HAB2<br>LEI: 2549007TYGV6RVSE9M61 | Long             | DBT              | CORP              | US        |  19445659 | PA      | $18852177.42  | 1.51%             | 2028-02-25      | Floating      | 7.83%                 | No            |                  2 | On Loan: No      |
| CAESARS RESORT COLLECTION, LLC                 | CAESARS RESORT COLLECTION LLC            | CUSIP: 12769LAB5<br>LEI: 549300V3UCT773B1KR38 | Long             | DBT              | CORP              | US        |   2317705 | PA      | $2310357.46   | 0.18%             | 2024-12-22      | Floating      | 7.13%                 | No            |                  2 | On Loan: No      |
| ALTERRA MOUNTAIN COMPANY                       | ALTERRA MOUNTAIN CO                      | CUSIP: 46124CAJ6<br>LEI: 549300C5O4FSVNUEI843 | Long             | DBT              | CORP              | US        |  12907330 | PA      | $12721852.09  | 1.02%             | 2028-08-17      | Floating      | 7.88%                 | No            |                  2 | On Loan: No      |
| DYNASTY ACQUISITION CO., INC.                  | STANDARD AERO LTD                        | CUSIP: 26812CAF3<br>LEI: 549300L1RCRPOAUCB870 | Long             | DBT              | CORP              | US        |   1486122 | PA      | $1413822.05   | 0.11%             | 2026-04-08      | Floating      | 7.92%                 | No            |                  2 | On Loan: No      |
| TRITON WATER HOLDINGS, INC.                    | TRITON WATER HOLDINGS INC                | CUSIP: 89678QAB2<br>LEI: 5493005IYCEL7QJFZZ63 | Long             | DBT              | CORP              | US        |   3377931 | PA      | $3129652.86   | 0.25%             | 2028-03-31      | Floating      | 8.23%                 | No            |                  2 | On Loan: No      |
| HUSKY INJECTION MOLDING SYSTEMS LTD.           | TITAN ACQUISITION LTD CANADA             | CUSIP: C8856UAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |   5116519 | PA      | $4768749.43   | 0.38%             | 2025-03-28      | Floating      | 8.15%                 | No            |                  2 | On Loan: No      |
| CAESARS ENTERTAINMENT, INC.                    | COLT MERGER SUB INC                      | CUSIP: 28470RAH5<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |   2400000 | PA      | $2335008.00   | 0.19%             | 2025-07-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| VERSCEND HOLDING CORP.                         | VERSCEND HOLDING CORP                    | CUSIP: 92531HAD9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   6763347 | PA      | $6706602.59   | 0.54%             | 2025-08-27      | Floating      | 8.38%                 | No            |                  2 | On Loan: No      |
| IHEARTCOMMUNICATIONS, INC.                     | IHEART COMMUNICATIONS INC                | CUSIP: 45174UAF5<br>LEI: 54930076J6KDZL504O62 | Long             | DBT              | CORP              | US        |  22024463 | PA      | $20145555.97  | 1.61%             | 2026-05-01      | Floating      | 7.38%                 | No            |                  2 | On Loan: No      |
| RING CONTAINER TECHNOLOGIES GROUP, LLC         | RING CONTAINER TECHNOLOGIES GROUP LLC    | CUSIP: 76680YAG7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5453775 | PA      | $5375404.31   | 0.43%             | 2028-08-05      | Floating      | 7.88%                 | No            |                  2 | On Loan: No      |
| ACPRODUCTS HOLDINGS, INC.                      | ACPRODUCTS HOLDINGS INC                  | CUSIP: 00488YAB2<br>LEI: 254900KTNXVUUHWHBF39 | Long             | DBT              | CORP              | US        |  22614812 | PA      | $16835144.59  | 1.35%             | 2028-05-17      | Floating      | 8.98%                 | No            |                  2 | On Loan: No      |
| LSF11 A5 HOLDCO LLC                            | LSF11 A5 HOLDCO LLC                      | CUSIP: 50216YAB6<br>LEI: 254900FPK7P5WNA66Y10 | Long             | DBT              | CORP              | US        |  13930000 | PA      | $13438967.50  | 1.07%             | 2028-10-15      | Floating      | 7.82%                 | No            |                  2 | On Loan: No      |
| LIFEPOINT HEALTH, INC.                         | LIFEPOINT HEALTH INC                     | CUSIP: 53219LAU3<br>LEI: 549300G8ZVHRTBBBSZ90 | Long             | DBT              | CORP              | US        |   2450000 | PA      | $1387018.50   | 0.11%             | 2029-01-15      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| CLEAR CHANNEL OUTDOOR HOLDINGS, INC.           | CLEAR CHANNEL OUTDOOR HOLDINGS INC       | CUSIP: 18452RAD7<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |  10961506 | PA      | $9963241.20   | 0.80%             | 2026-08-21      | Floating      | 7.91%                 | No            |                  2 | On Loan: No      |
| COMSTOCK RESOURCES, INC.                       | COMSTOCK RESOURCES INC                   | CUSIP: 205768AT1<br>LEI: I03QQGEA4SS774AURI46 | Long             | DBT              | CORP              | US        |   4500000 | PA      | $3891510.00   | 0.31%             | 2030-01-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| SCIENTIFIC GAMES INTERNATIONAL, INC.           | SCIENTIFIC GAMES INTERNATIONAL INC       | CUSIP: 80875AAT8<br>LEI: RLTHESQ0RNFQJWPBJN60 | Long             | DBT              | CORP              | US        |   5985000 | PA      | $5888821.05   | 0.47%             | 2029-04-16      | Floating      | 7.42%                 | No            |                  2 | On Loan: No      |
| GATES GLOBAL LLC                               | GATES GLOBAL LLC                         | CUSIP: 36740UAT9<br>LEI: 549300XI79MQJV13DW27 | Long             | DBT              | CORP              | US        |  10846124 | PA      | $10598398.51  | 0.85%             | 2027-03-31      | Floating      | 6.88%                 | No            |                  2 | On Loan: No      |
| Northriver Midstream Finance LP                | NORTHRIVER MIDSTREAM FINANCE LP          | CUSIP: C4127DAB4<br>LEI: 549300SOLNLY3BL6GF18 | Long             | DBT              | CORP              | CA        |  11686702 | PA      | $11588650.63  | 0.93%             | 2025-10-01      | Floating      | 8.00%                 | No            |                  2 | On Loan: No      |
| CALLON PETROLEUM COMPANY                       | CALLON PETROLEUM CO                      | CUSIP: 13123XBD3<br>LEI: 549300EFOWPEB0WLZW21 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1898260.00   | 0.15%             | 2028-08-01      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| DYNASTY ACQUISITION CO., INC.                  | DYNASTY ACQUISITION CO INC               | CUSIP: 26812CAE6<br>LEI: 549300L1RCRPOAUCB870 | Long             | DBT              | CORP              | US        |   2764187 | PA      | $2629708.92   | 0.21%             | 2026-04-08      | Floating      | 7.92%                 | No            |                  2 | On Loan: No      |
| GLOBAL MEDICAL RESPONSE, INC.                  | AIR MEDICAL GROUP HOLDINGS INC           | CUSIP: 00169QAD1<br>LEI: 549300ZFWD4ZFCEJCQ87 | Long             | DBT              | CORP              | US        |   7792399 | PA      | $5483900.78   | 0.44%             | 2025-03-14      | Floating      | 8.63%                 | No            |                  2 | On Loan: No      |
| HOUGHTON MIFFLIN HARCOURT COMPANY              | HARBOR PURCHASER INC                     | CUSIP: 44157YAE4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  19000000 | PA      | $18008390.00  | 1.44%             | 2029-04-04      | Floating      | 9.57%                 | No            |                  2 | On Loan: No      |
| VIKING CRUISES LTD                             | VIKING CRUISES LTD                       | CUSIP: 92676XAE7<br>LEI: 549300IJP90T4MV2GL84 | Long             | DBT              | CORP              | BM        |   2000000 | PA      | $2120040.00   | 0.17%             | 2025-05-15      | Fixed         | 13.00%                | Yes           |                  2 | On Loan: No      |
| TRIDENT TPI HOLDINGS, INC.                     | TRIDENT TPI HOLDINGS INC                 | CUSIP: 00216EAE9<br>LEI: 549300TPLK304J3RNC85 | Long             | DBT              | CORP              | US        |   6508674 | PA      | $6239019.76   | 0.50%             | 2028-09-17      | Floating      | 8.73%                 | No            |                  2 | On Loan: No      |
| SWF HOLDINGS I CORP.                           | SWF HOLDINGS I CORP                      | CUSIP: 78489HAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  18098788 | PA      | $14741462.49  | 1.18%             | 2028-10-06      | Floating      | 8.75%                 | No            |                  2 | On Loan: No      |
| GRAY ESCROW II, INC.                           | GRAY ESCROW II INC                       | CUSIP: 389286AA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1447500.00   | 0.12%             | 2031-11-15      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| CHARIOT BUYER LLC                              | CHARIOT BUYER LLC                        | CUSIP: 15963CAC0<br>LEI: 25490092IFNOZBRVE539 | Long             | DBT              | CORP              | US        |   6902500 | PA      | $6494079.08   | 0.52%             | 2028-11-03      | Floating      | 7.63%                 | No            |                  2 | On Loan: No      |
| PARK RIVER HOLDINGS, INC.                      | PARK RIVER HOLDINGS INC                  | CUSIP: 70082HAC0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   9849921 | PA      | $8581743.32   | 0.69%             | 2028-01-20      | Floating      | 8.00%                 | No            |                  2 | On Loan: No      |
| EYEMART EXPRESS LLC                            | EYEMART EXPRESS LLC                      | CUSIP: 30233FAJ1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  19644011 | PA      | $16697409.70  | 1.33%             | 2027-08-05      | Floating      | 7.38%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS, LLC                              | CSC HOLDINGS LLC                         | CUSIP: 126307BA4<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |   2250000 | PA      | $1272195.00   | 0.10%             | 2030-01-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| GREAT OUTDOORS GROUP, LLC                      | GREAT OUTDOORS GROUP LLC                 | CUSIP: 07014QAN1<br>LEI: 549300IYLDI2E8I2AU46 | Long             | DBT              | CORP              | US        |  14012926 | PA      | $13434893.01  | 1.07%             | 2028-03-05      | Floating      | 8.13%                 | No            |                  2 | On Loan: No      |
| UNITED AIRLINES, INC.                          | UNITED AIRLINES INC                      | CUSIP: 90932RAJ3<br>LEI: K1OQBWM7XEOO08LDNP29 | Long             | DBT              | CORP              | US        |  10739700 | PA      | $10584618.79  | 0.85%             | 2028-04-21      | Floating      | 8.11%                 | No            |                  2 | On Loan: No      |
| RADIOLOGY PARTNERS, INC.                       | RADIOLOGY PARTNERS INC                   | CUSIP: 75041VAA2<br>LEI: 549300SFTAG2177WUZ08 | Long             | DBT              | CORP              | US        |   3200000 | PA      | $1799552.00   | 0.14%             | 2028-02-01      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| HOLLEY INC.                                    | HOLLEY PURCHASER INC                     | CUSIP: 43538JAC3<br>LEI: 254900EEM9JI9G1A4D88 | Long             | DBT              | CORP              | US        |  13481893 | PA      | $11636626.18  | 0.93%             | 2028-11-10      | Floating      | 8.48%                 | No            |                  2 | On Loan: No      |
| AVIS BUDGET CAR RENTAL, LLC                    | AVIS BUDGET CAR RENTAL LLC               | CUSIP: 05377JAS1<br>LEI: XN8R4HH1TVC1XOCL5P21 | Long             | DBT              | CORP              | US        |   2985000 | PA      | $2930911.79   | 0.23%             | 2029-03-16      | Floating      | 7.82%                 | No            |                  2 | On Loan: No      |
| Life Time Inc.                                 | LIFE TIME INC                            | CUSIP: 50218KAG3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   8682191 | PA      | $8625235.79   | 0.69%             | 2024-12-15      | Floating      | 9.48%                 | No            |                  2 | On Loan: No      |
| CAESARS ENTERTAINMENT, INC.                    | COLT MERGER SUB INC                      | CUSIP: 28470RAK8<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |   1800000 | PA      | $1770228.00   | 0.14%             | 2027-07-01      | Fixed         | 8.12%                 | Yes           |                  2 | On Loan: No      |
| CONSOLIDATED COMMUNICATIONS, INC.              | CONSOLIDATED COMMUNICATIONS INC          | CUSIP: 20903EBB0<br>LEI: 549300WW675Y48HDVX34 | Long             | DBT              | CORP              | US        |         0 | PA      | $0.01         | 0.00%             | 2027-10-02      | Floating      | 7.63%                 | No            |                  2 | On Loan: No      |
| ENTERCOM MEDIA CORP                            | ENTERCOM MEDIA CORP                      | CUSIP: 12506KAE9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  14706476 | PA      | $10412773.57  | 0.83%             | 2024-11-17      | Floating      | 6.89%                 | No            |                  2 | On Loan: No      |
| DIAMOND SPORTS GROUP, LLC                      | DIAMOND SPORTS GROUP LLC                 | CUSIP: 25277BAE8<br>LEI: 5493002K6DHWNZH8YA34 | Long             | DBT              | CORP              | US        |   1452386 | PA      | $1371299.03   | 0.11%             | 2026-05-25      | Floating      | 12.63%                | No            |                  2 | On Loan: No      |
| SURGERY CENTER HOLDINGS, INC.                  | SURGERY CENTER HOLDINGS INC              | CUSIP: 86880NAX1<br>LEI: 54930054EVI5HWPPW113 | Long             | DBT              | CORP              | US        |  14647237 | PA      | $14444226.43  | 1.15%             | 2026-08-31      | Floating      | 8.05%                 | No            |                  2 | On Loan: No      |
| CAESARS RESORT COLLECTION, LLC                 | CAESARS RESORT COLLECTION LLC            | CUSIP: 12769LAD1<br>LEI: 549300V3UCT773B1KR38 | Long             | DBT              | CORP              | US        |   4488659 | PA      | $4473352.81   | 0.36%             | 2025-06-19      | Floating      | 7.88%                 | No            |                  2 | On Loan: No      |
| TELESAT CANADA                                 | TELESAT CANADA TELESAT LLC               | CUSIP: 87952VAR7<br>LEI: 5493004V5GLBY6SO5Y34 | Long             | DBT              | CORP              | CA        |   4350000 | PA      | $2033059.50   | 0.16%             | 2026-12-06      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| TRIDENT TPI HOLDINGS INC                       | TRIDENT TPI HOLDINGS INC                 | CUSIP: 00216EAF6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    927228 | PA      | $888812.72    | 0.07%             | 2028-09-17      | Floating      | 8.07%                 | No            |                  2 | On Loan: No      |
| CHART INDUSTRIES, INC.                         | CHART INDUSTRIES INC                     | CUSIP: 16115EAP2<br>LEI: EM7QGKC1GYOF3LSZSL80 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1235162.50   | 0.10%             | 2029-12-08      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PBF HOLDING COMPANY LLC                        | PBF HOLDING CO LLC PBF FINANCE CORP      | CUSIP: 69318FAJ7<br>LEI: 549300TILVIIV9FLL461 | Long             | DBT              | CORP              | US        |   6258000 | PA      | $5538455.16   | 0.44%             | 2028-02-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| THE HERTZ CORPORATION                          | HERTZ CORP THE                           | CUSIP: 42804VBC4<br>LEI: 549300PD0C69OJ0NLB27 | Long             | DBT              | CORP              | US        |   3187891 | PA      | $3118363.03   | 0.25%             | 2028-06-30      | Floating      | 7.63%                 | No            |                  2 | On Loan: No      |
| SEDGWICK CLAIMS MANAGEMENT SERVICES, INC.      | SEDGWICK CLAIMS MANAGEMENT SERVICES INC  | CUSIP: 81527CAL1<br>LEI: 549300BIN4DWJG5VWF64 | Long             | DBT              | CORP              | US        |   2907810 | PA      | $2824675.48   | 0.23%             | 2025-12-31      | Floating      | 7.63%                 | No            |                  2 | On Loan: No      |
| WIRECO WORLDGROUP INC.                         | WIRECO WORLDGROUP INC                    | CUSIP: 97654QAJ6<br>LEI: 5493008NQ1Q5T2GZOJ37 | Long             | DBT              | CORP              | US        |   9236698 | PA      | $8971142.46   | 0.72%             | 2028-11-13      | Floating      | 8.94%                 | No            |                  2 | On Loan: No      |
| MEN S WEARHOUSE INC                            | MEN S WEARHOUSE INC                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |     51299 | NS      | $367659.93    | 0.03%             |  |  |  | No            |                  3 | On Loan: No      |
| FERTITTA ENTERTAINMENT LLC                     | FERTITTA ENTERTAINMENT LLC               | CUSIP: 31556PAB3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  22387500 | PA      | $21243051.00  | 1.70%             | 2029-01-27      | Floating      | 8.32%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-01-30

**Name of Applicant:** Victory Portfolios

**Signature:** Allan Shaer

**Name of Signer:** Allan Shaer

**Title:** Treasurer