# EDGAR Filing Document

**Accession Number:** 0000745967
**File Stem:** 0001145549-25-046942
**Filing Date:** 2025-7
**Character Count:** 277746
**Document Hash:** 5e08211d0e7b3f5f20a5b9b14b98d03b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-25-046942.hdr.sgml**: 20250722

**ACCESSION NUMBER**: 0001145549-25-046942

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250531

**FILED AS OF DATE**: 20250722

**DATE AS OF CHANGE**: 20250722

**PERIOD START**: 20260228

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Federated Hermes High Yield Trust
- **CENTRAL INDEX KEY:** 0000745967

**ORGANIZATION NAME:**
- **EIN:** 251470424
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0228

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04018
- **FILM NUMBER:** 251139012

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

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

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FEDERATED HIGH YIELD TRUST
- **DATE OF NAME CHANGE:** 19920703

## Series and Classes Contracts Data

### Federated Hermes Opportunistic High Yield Bond Fund (Series ID: S000009061)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000024613 | Service Shares       | FHYTX           |
| C000130168 | Institutional Shares | FHTIX           |
| C000143970 | Class A Shares       | FHYAX           |
| C000143971 | Class C Shares       | FHYCX           |
| C000180483 | Class T Shares       |  |
| C000190443 | Class R6 Shares      | FHYLX           |

## Nport-Ex

Federated Hermes Opportunistic High Yield Bond Fund

Portfolio of Investments

May 31, 2025 (unaudited)

---

| | | |
|:---|:---|:---|
| **Principal** <br>**Amount** <br>**or Shares**<br>|  | **Value** |
|  | CORPORATE BONDS—89.7% |  |
|  | **Aerospace/Defense—2.1%** |  |
| $350000 | Goat Holdco, LLC, 144A, 6.750%, 2/1/2032 | &nbsp;&nbsp; $348906 |
| &nbsp;&nbsp; 950000 | TransDigm, Inc., 144A, 6.375%, 3/1/2029 | &nbsp;&nbsp; 966670 |
| &nbsp;&nbsp; 2125000 | TransDigm, Inc., 1st Priority Sr. Secd. Note, 144A, 6.625%, 3/1/2032 | &nbsp;&nbsp; 2173354 |
| &nbsp;&nbsp; 950000 | TransDigm, Inc., Sec. Fac. Bond, 144A, 6.750%, 8/15/2028 | &nbsp;&nbsp; 967672 |
| &nbsp;&nbsp; 1350000 | TransDigm, Inc., Sec. Fac. Bond, 144A, 6.875%, 12/15/2030 | &nbsp;&nbsp; 1393123 |
| &nbsp;&nbsp; 1100000 | TransDigm, Inc., Sr. Sub. Note, 144A, 6.375%, 5/31/2033 | &nbsp;&nbsp; 1089551 |
| &nbsp;&nbsp; 675000 | TransDigm, Inc., Sr. Sub. Note, Series WI, 4.875%, 5/1/2029 | &nbsp;&nbsp; 654022 |
| &nbsp;&nbsp; 1275000 | TransDigm, Inc., Sr. Sub., Series WI, 5.500%, 11/15/2027 | &nbsp;&nbsp; 1274800 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 8868098 |
|  | **Airlines—0.1%** |  |
| &nbsp;&nbsp; 233333 | American Airlines, Inc./AAdvantage Loyalty IP Ltd., 144A, 5.500%, 4/20/2026 | &nbsp;&nbsp; 233081 |
|  | **Automotive—4.5%** |  |
| &nbsp;&nbsp; 725000 | Adient Global Holdings Ltd., Sr. Unsecd. Note, 144A, 7.500%, 2/15/2033 | &nbsp;&nbsp; 719770 |
| &nbsp;&nbsp; 250000 | Adient Global Holdings Ltd., Term Loan - 1st Lien, 144A, 7.000%, 4/15/2028 | &nbsp;&nbsp; 255667 |
| &nbsp;&nbsp; 5700000 | Clarios Global LP / Clarios US Finance Co., Sr. Unsecd. Note, 144A, 8.500%, 5/15/2027 | &nbsp;&nbsp; 5735306 |
| &nbsp;&nbsp; 225000 | Clarios Global LP, Sr. Secd. Note, 144A, 6.750%, 2/15/2030 | &nbsp;&nbsp; 229332 |
| &nbsp;&nbsp; 2450000 | Dornoch Debt Merger Sub, Inc., Sr. Unsecd. Note, 144A, 6.625%, 10/15/2029 | &nbsp;&nbsp; 1886074 |
| &nbsp;&nbsp; 2050000 | Ford Motor Credit Co. LLC, Sr. Unsecd. Note, 3.375%, 11/13/2025 | &nbsp;&nbsp; 2033966 |
| &nbsp;&nbsp; 3525000 | Ford Motor Credit Co. LLC, Sr. Unsecd. Note, 5.125%, 6/16/2025 | &nbsp;&nbsp; 3524894 |
| &nbsp;&nbsp; 550000 | Ford Motor Credit Co. LLC, Sr. Unsecd. Note, Series GMTN, 4.389%, 1/8/2026 | &nbsp;&nbsp; 545677 |
| &nbsp;&nbsp; 1950000 | IHO Verwaltungs GmbH, 144A, 8.000%, 11/15/2032 | &nbsp;&nbsp; 1954308 |
| &nbsp;&nbsp; 1325000 | IHO Verwaltungs GmbH, Sec. Fac. Bond, 144A, 6.375%, 5/15/2029 | &nbsp;&nbsp; 1306369 |
| &nbsp;&nbsp; 625000 | J.B. Poindexter & Co., Inc., Sr. Unsecd. Note, 144A, 8.750%, 12/15/2031 | &nbsp;&nbsp; 620365 |
| &nbsp;&nbsp; 600000 | Real Hero Merger Sub 2, Inc., Sr. Unsecd. Note, 144A, 6.250%, 2/1/2029 | &nbsp;&nbsp; 468666 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp; 19280394 |
|  | **Banking—0.1%** |  |
| &nbsp;&nbsp; 525000 | Ally Financial, Inc., Sr. Sub. Note, 5.750%, 11/20/2025 | &nbsp;&nbsp; 525940 |
|  | **Building Materials—4.4%** |  |
| &nbsp;&nbsp; 1550000 | American Builders & Contractors Supply Co., Inc., 144A, 4.000%, 1/15/2028 | &nbsp;&nbsp; 1497467 |
| &nbsp;&nbsp; 200000 | American Builders & Contractors Supply Co., Inc., Sr. Unsecd. Note, 144A, 3.875%, 11/15/2029 | &nbsp;&nbsp; 186463 |
| &nbsp;&nbsp; 425000 | Camelot Return Merger SU, Sec. Fac. Bond, 144A, 8.750%, 8/1/2028 | &nbsp;&nbsp; 376501 |
| &nbsp;&nbsp; 2350000 | Cp Atlas Buyer, Inc., Sr. Unsecd. Note, 144A, 7.000%, 12/1/2028 | &nbsp;&nbsp; 1953193 |
| &nbsp;&nbsp; 2500000 | Foundation Building Materials, Inc., Sr. Unsecd. Note, 144A, 6.000%, 3/1/2029 | &nbsp;&nbsp; 2131858 |
| &nbsp;&nbsp; 1625000 | Gyp Holdings III Corp., Sr. Unsecd. Note, 144A, 4.625%, 5/1/2029 | &nbsp;&nbsp; 1562229 |
| &nbsp;&nbsp; 850000 | Interface, Inc., Sr. Unsecd. Note, 144A, 5.500%, 12/1/2028 | &nbsp;&nbsp; 839213 |
| &nbsp;&nbsp; 275000 | Masterbrand, Inc., 144A, 7.000%, 7/15/2032 | &nbsp;&nbsp; 273828 |
| &nbsp;&nbsp; 475000 | Miter Brands Acquisition Holdco, Inc./MIWD Borrower LLC, Sec. Fac. Bond, 144A, 6.750%, 4/1/2032 | &nbsp;&nbsp; 478872 |
| &nbsp;&nbsp; 600000 | MIWD Holdco II LLC/ MIWD Finance Corp., Sr. Unsecd. Note, 144A, 5.500%, 2/1/2030 | &nbsp;&nbsp; 554664 |
| &nbsp;&nbsp; 975000 | Patrick Industries, Inc., Sec. Fac. Bond, 144A, 6.375%, 11/1/2032 | &nbsp;&nbsp; 961918 |
| &nbsp;&nbsp; 975000 | Queen MergerCo., Inc., Sec. Fac. Bond, 144A, 6.750%, 4/30/2032 | &nbsp;&nbsp; 1002154 |
| &nbsp;&nbsp; 675000 | Quikrete Holdings, Inc., Sec. Fac. Bond, 144A, 6.375%, 3/1/2032 | &nbsp;&nbsp; 686395 |
| &nbsp;&nbsp; 350000 | Quikrete Holdings, Inc., Sr. Unsecd. Note, 144A, 6.750%, 3/1/2033 | &nbsp;&nbsp; 355443 |
| &nbsp;&nbsp; 1475000 | Standard Industries, Inc., Sr. Unsecd. Note, 144A, 3.375%, 1/15/2031 | &nbsp;&nbsp; 1306296 |
| &nbsp;&nbsp; 275000 | Standard Industries, Inc., Sr. Unsecd. Note, 144A, 4.375%, 7/15/2030 | &nbsp;&nbsp; 258288 |
| &nbsp;&nbsp; 275000 | Standard Industries, Inc., Sr. Unsecd. Note, 144A, 4.750%, 1/15/2028 | &nbsp;&nbsp; 270206 |

---

**1**

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br> **or Shares**<br>|  | **Value** |
|  | CORPORATE BONDS—continued |  |
|  | **Building Materials—continued** |  |
| $2325000 | Standard Industries, Inc., Sr. Unsecd. Note, 144A, 5.000%, 2/15/2027 | &nbsp;&nbsp; $2310618 |
| &nbsp;&nbsp; 250000 | Standard Industries, Inc., Sr. Unsecd. Note, 144A, 6.500%, 8/15/2032 | &nbsp;&nbsp; 254063 |
| &nbsp;&nbsp; 1700000 | White Cap Buyer LLC, Sr. Unsecd. Note, 144A, 6.875%, 10/15/2028 | &nbsp;&nbsp; 1667917 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp; 18927586 |
|  | **Cable Satellite—6.1%** |  |
| &nbsp;&nbsp; 325000 | CCO Holdings LLC/Cap Corp., Sr. Sub. Secd. Note, 144A, 5.500%, 5/1/2026 | &nbsp;&nbsp; 324397 |
| &nbsp;&nbsp; 1150000 | CCO Holdings LLC/Cap Corp., Sr. Unsecd. Note, 144A, 4.250%, 2/1/2031 | &nbsp;&nbsp; 1054063 |
| &nbsp;&nbsp; 1775000 | CCO Holdings LLC/Cap Corp., Sr. Unsecd. Note, 144A, 4.500%, 8/15/2030 | &nbsp;&nbsp; 1665537 |
| &nbsp;&nbsp; 775000 | CCO Holdings LLC/Cap Corp., Sr. Unsecd. Note, 144A, 4.500%, 6/1/2033 | &nbsp;&nbsp; 689849 |
| &nbsp;&nbsp; 1200000 | CCO Holdings LLC/Cap Corp., Sr. Unsecd. Note, 144A, 4.750%, 3/1/2030 | &nbsp;&nbsp; 1146293 |
| &nbsp;&nbsp; 450000 | CCO Holdings LLC/Cap Corp., Sr. Unsecd. Note, 144A, 4.750%, 2/1/2032 | &nbsp;&nbsp; 416869 |
| &nbsp;&nbsp; 1425000 | CCO Holdings LLC/Cap Corp., Sr. Unsecd. Note, 144A, 5.000%, 2/1/2028 | &nbsp;&nbsp; 1398569 |
| &nbsp;&nbsp; 1850000 | CCO Holdings LLC/Cap Corp., Sr. Unsecd. Note, 144A, 5.125%, 5/1/2027 | &nbsp;&nbsp; 1832071 |
| &nbsp;&nbsp; 500000 | CSC Holdings LLC, Sr. Unsecd. Note, 144A, 3.375%, 2/15/2031 | &nbsp;&nbsp; 327930 |
| &nbsp;&nbsp; 1200000 | CSC Holdings LLC, Sr. Unsecd. Note, 144A, 4.500%, 11/15/2031 | &nbsp;&nbsp; 812312 |
| &nbsp;&nbsp; 1300000 | CSC Holdings LLC, Sr. Unsecd. Note, 144A, 5.000%, 11/15/2031 | &nbsp;&nbsp; 592423 |
| &nbsp;&nbsp; 1375000 | CSC Holdings LLC, Sr. Unsecd. Note, 144A, 5.500%, 4/15/2027 | &nbsp;&nbsp; 1303444 |
| &nbsp;&nbsp; 425000 | CSC Holdings LLC, Sr. Unsecd. Note, 144A, 5.750%, 1/15/2030 | &nbsp;&nbsp; 214894 |
| &nbsp;&nbsp; 750000 | DISH DBS Corp., Sr. Unsecd. Note, 7.375%, 7/1/2028 | &nbsp;&nbsp; 515789 |
| &nbsp;&nbsp; 225000 | DISH DBS Corp., Sr. Unsecd. Note, 7.750%, 7/1/2026 | &nbsp;&nbsp; 193637 |
| &nbsp;&nbsp; 1375000 | DISH DBS Corp., Sr. Unsecd. Note, Series WI, 5.125%, 6/1/2029 | &nbsp;&nbsp; 905204 |
| &nbsp;&nbsp; 675000 | Sirius XM Radio, Inc., Sr. Unsecd. Note, 144A, 3.125%, 9/1/2026 | &nbsp;&nbsp; 659912 |
| &nbsp;&nbsp; 1650000 | Sirius XM Radio, Inc., Sr. Unsecd. Note, 144A, 3.875%, 9/1/2031 | &nbsp;&nbsp; 1444095 |
| &nbsp;&nbsp; 725000 | Sirius XM Radio, Inc., Sr. Unsecd. Note, 144A, 4.125%, 7/1/2030 | &nbsp;&nbsp; 659256 |
| &nbsp;&nbsp; 2625000 | Sunrise FinCo I B.V., Sr. Note, 144A, 4.875%, 7/15/2031 | &nbsp;&nbsp; 2439544 |
| &nbsp;&nbsp; 3000000 | Telenet Finance Luxembourg, Sec. Fac. Bond, 144A, 5.500%, 3/1/2028 | &nbsp;&nbsp; 2970000 |
| &nbsp;&nbsp; 1300000 | Virgin Media Finance PLC, Sr. Unsecd. Note, 144A, 5.000%, 7/15/2030 | &nbsp;&nbsp; 1179487 |
| &nbsp;&nbsp; 275000 | Virgin Media Secured Finance PLC, Sec. Fac. Bond, 144A, 4.500%, 8/15/2030 | &nbsp;&nbsp; 254141 |
| &nbsp;&nbsp; 250000 | Vmed O2 UK Financing I PLC, Sec. Fac. Bond, 144A, 4.250%, 1/31/2031 | &nbsp;&nbsp; 226418 |
| &nbsp;&nbsp; 1775000 | Vmed O2 UK Financing I PLC, Sr. Note, 144A, 4.750%, 7/15/2031 | &nbsp;&nbsp; 1631428 |
| &nbsp;&nbsp; 1725000 | VZ Secured Financing B.V., Sec. Fac. Bond, 144A, 5.000%, 1/15/2032 | &nbsp;&nbsp; 1492267 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp; 26349829 |
|  | **Chemicals—2.8%** |  |
| &nbsp;&nbsp; 350000 | Axalta Coat/Dutch Holding B.V., Sr. Unsecd. Note, 144A, 4.750%, 6/15/2027 | &nbsp;&nbsp; 346582 |
| &nbsp;&nbsp; 350000 | Axalta Coating Systems Dutch Holding B B.V., Sr. Unsecd. Note, 144A, 7.250%, 2/15/2031 | &nbsp;&nbsp; 366539 |
| &nbsp;&nbsp; 425000 | Axalta Coating Systems LLC, Sr. Unsecd. Note, 144A, 3.375%, 2/15/2029 | &nbsp;&nbsp; 395879 |
| &nbsp;&nbsp; 450000 | Celanese US Holdings LLC, Sr. Unsecd. Note, 6.500%, 4/15/2030 | &nbsp;&nbsp; 453849 |
| &nbsp;&nbsp; 875000 | Celanese US Holdings LLC, Sr. Unsecd. Note, 6.750%, 4/15/2033 | &nbsp;&nbsp; 852437 |
| &nbsp;&nbsp; 350000 | Cheever Escrow Issuer, Sec. Fac. Bond, 144A, 7.125%, 10/1/2027 | &nbsp;&nbsp; 356176 |
| &nbsp;&nbsp; 975000 | Element Solutions, Inc., Sr. Unsecd. Note, 144A, 3.875%, 9/1/2028 | &nbsp;&nbsp; 937120 |
| &nbsp;&nbsp; 975000 | H.B. Fuller Co., Sr. Unsecd. Note, 4.250%, 10/15/2028 | &nbsp;&nbsp; 929745 |
| &nbsp;&nbsp; 1475000 | Herens Holdco S.a.r.l., Sec. Fac. Bond, 144A, 4.750%, 5/15/2028 | &nbsp;&nbsp; 1293490 |
| &nbsp;&nbsp; 1000000 | Illuminate Buyer LLC/Illuminate Holdings IV, Inc., Sr. Unsecd. Note, 144A, 9.000%, 7/1/2028 | &nbsp;&nbsp; 1004034 |
| &nbsp;&nbsp; 975000 | Olympus Water US Holding Corp., Sec. Fac. Bond, 144A, 4.250%, 10/1/2028 | &nbsp;&nbsp; 919724 |
| &nbsp;&nbsp; 375000 | Olympus Water US Holding Corp., Sec. Fac. Bond, 144A, 7.250%, 6/15/2031 | &nbsp;&nbsp; 375291 |
| &nbsp;&nbsp; 925000 | Olympus Water US Holding Corp., Sec. Fac. Bond, 144A, 9.750%, 11/15/2028 | &nbsp;&nbsp; 970987 |
| &nbsp;&nbsp; 1700000 | Olympus Water US Holding Corp., Sr. Unsecd. Note, 144A, 6.250%, 10/1/2029 | &nbsp;&nbsp; 1579469 |
| &nbsp;&nbsp; 375000 | WR Grace Holdings LLC, Sec. Fac. Bond, 144A, 7.375%, 3/1/2031 | &nbsp;&nbsp; 379115 |
| &nbsp;&nbsp; 875000 | WR Grace Holdings LLC, Sr. Unsecd. Note, 144A, 5.625%, 8/15/2029 | &nbsp;&nbsp; 771768 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp; 11932205 |

---

**2**

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br> **or Shares**<br>|  | **Value** |
|  | CORPORATE BONDS—continued |  |
|  | **Construction Machinery—0.9%** |  |
| $800000 | H&E Equipment Services, Inc., Sr. Unsecd. Note, 144A, 3.875%, 12/15/2028 | &nbsp;&nbsp; $806639 |
| &nbsp;&nbsp; 475000 | Herc Holdings Escrow, Inc., Sr. Unsecd. Note, 144A, 7.000%, 6/15/2030 | &nbsp;&nbsp; 489654 |
| &nbsp;&nbsp; 325000 | Herc Holdings Escrow, Inc., Sr. Unsecd. Note, 144A, 7.250%, 6/15/2033 | &nbsp;&nbsp; 334718 |
| &nbsp;&nbsp; 325000 | United Rentals North America, Inc., Sr. Unsecd. Note, 3.875%, 2/15/2031 | &nbsp;&nbsp; 300140 |
| &nbsp;&nbsp; 925000 | United Rentals North America, Inc., Sr. Unsecd. Note, 4.000%, 7/15/2030 | &nbsp;&nbsp; 869039 |
| &nbsp;&nbsp; 575000 | United Rentals North America, Inc., Sr. Unsecd. Note, 4.875%, 1/15/2028 | &nbsp;&nbsp; 569258 |
| &nbsp;&nbsp; 350000 | United Rentals North America, Inc., Sr. Unsecd. Note, 144A, 6.125%, 3/15/2034 | &nbsp;&nbsp; 355201 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 3724649 |
|  | **Consumer Cyclical Services—3.8%** |  |
| &nbsp;&nbsp; 325000 | Allied Universal Holdco LLC, Sec. Fac. Bond, 144A, 7.875%, 2/15/2031 | &nbsp;&nbsp; 337038 |
| &nbsp;&nbsp; 3950000 | Allied Universal Holdco LLC, Sr. Unsecd. Note, 144A, 6.000%, 6/1/2029 | &nbsp;&nbsp; 3742549 |
| &nbsp;&nbsp; 800000 | Allied Universal Holdco LLC, Sr. Unsecd. Note, 144A, 9.750%, 7/15/2027 | &nbsp;&nbsp; 807110 |
| &nbsp;&nbsp; 425000 | Cars.com, Inc., Sr. Unsecd. Note, 144A, 6.375%, 11/1/2028 | &nbsp;&nbsp; 424963 |
| &nbsp;&nbsp; 1725000 | Dun & Bradstreet Corp., Sr. Unsecd. Note, 144A, 5.000%, 12/15/2029 | &nbsp;&nbsp; 1743333 |
| &nbsp;&nbsp; 550000 | Garda World Security Corp., Sec. Fac. Bond, 144A, 4.625%, 2/15/2027 | &nbsp;&nbsp; 543296 |
| &nbsp;&nbsp; 1900000 | Garda World Security Corp., Sr. Unsecd. Note, 144A, 6.000%, 6/1/2029 | &nbsp;&nbsp; 1808761 |
| &nbsp;&nbsp; 2650000 | Garda World Security Corp., Sr. Unsecd. Note, 144A, 8.375%, 11/15/2032 | &nbsp;&nbsp; 2660828 |
| &nbsp;&nbsp; 800000 | Go Daddy Operating Co. LLC / GD Finance Co., Inc., Sr. Unsecd. Note, 144A, 5.250%, 12/1/2027 | &nbsp;&nbsp; 795769 |
| &nbsp;&nbsp; 700000 | Match Group Holdings II LLC, Sr. Unsecd. Note, 144A, 3.625%, 10/1/2031 | &nbsp;&nbsp; 612719 |
| &nbsp;&nbsp; 1625000 | Match Group Holdings II LLC, Sr. Unsecd. Note, 144A, 4.125%, 8/1/2030 | &nbsp;&nbsp; 1500951 |
| &nbsp;&nbsp; 750000 | The Brink's Co., Sr. Unsecd. Note, 144A, 6.500%, 6/15/2029 | &nbsp;&nbsp; 765769 |
| &nbsp;&nbsp; 750000 | The Brink's Co., Sr. Unsecd. Note, 144A, 6.750%, 6/15/2032 | &nbsp;&nbsp; 769998 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp; 16513084 |
|  | **Consumer Products—1.1%** |  |
| &nbsp;&nbsp; 550000 | Champ Acquisition Corp., Sr. Secd. Note, 144A, 8.375%, 12/1/2031 | &nbsp;&nbsp; 578865 |
| &nbsp;&nbsp; 1075000 | Edgewell Personal Care Co., Sr. Unsecd. Note, 144A, 4.125%, 4/1/2029 | &nbsp;&nbsp; 1006699 |
| &nbsp;&nbsp; 1450000 | Energizer Holdings, Inc., Sr. Unsecd. Note, 144A, 4.375%, 3/31/2029 | &nbsp;&nbsp; 1363695 |
| &nbsp;&nbsp; 1475000 | Energizer Holdings, Inc., Sr. Unsecd. Note, 144A, 4.750%, 6/15/2028 | &nbsp;&nbsp; 1423730 |
| &nbsp;&nbsp; 375000 | Energizer Holdings, Inc., Sr. Unsecd. Note, 144A, 6.500%, 12/31/2027 | &nbsp;&nbsp; 377782 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 4750771 |
|  | **Diversified Manufacturing—1.5%** |  |
| &nbsp;&nbsp; 2625000 | Emrld Borrower LP / Emerald Co-Issuer, Inc., Sec. Fac. Bond, 144A, 6.625%, 12/15/2030 | &nbsp;&nbsp; 2654829 |
| &nbsp;&nbsp; 175000 | Emrld Borrower LP, Sec. Fac. Bond, 144A, 6.750%, 7/15/2031 | &nbsp;&nbsp; 179235 |
| &nbsp;&nbsp; 225000 | EnPro, Inc., Sr. Unsecd. Note, 144A, 6.125%, 6/1/2033 | &nbsp;&nbsp; 227236 |
| &nbsp;&nbsp; 1175000 | Gates Corp., Sr. Unsecd. Note, 144A, 6.875%, 7/1/2029 | &nbsp;&nbsp; 1205561 |
| &nbsp;&nbsp; 875000 | WESCO Distribution, Inc., Sr. Unsecd. Note, 144A, 6.375%, 3/15/2029 | &nbsp;&nbsp; 894252 |
| &nbsp;&nbsp; 275000 | WESCO Distribution, Inc., Sr. Unsecd. Note, 144A, 6.375%, 3/15/2033 | &nbsp;&nbsp; 280308 |
| &nbsp;&nbsp; 1050000 | WESCO Distribution, Inc., Sr. Unsecd. Note, 144A, 6.625%, 3/15/2032 | &nbsp;&nbsp; 1076229 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 6517650 |
|  | **Finance Companies—2.6%** |  |
| &nbsp;&nbsp; 1875000 | Boost Newco Borrower LLC, 144A, 7.500%, 1/15/2031 | &nbsp;&nbsp; 1985033 |
| &nbsp;&nbsp; 825000 | Navient Corp., Sr. Unsecd. Note, 5.500%, 3/15/2029 | &nbsp;&nbsp; 794377 |
| &nbsp;&nbsp; 550000 | Navient Corp., Sr. Unsecd. Note, 6.750%, 6/25/2025 | &nbsp;&nbsp; 550130 |
| &nbsp;&nbsp; 475000 | Navient Corp., Sr. Unsecd. Note, 6.750%, 6/15/2026 | &nbsp;&nbsp; 481293 |
| &nbsp;&nbsp; 875000 | Rocket Mortgage Co-Issuer, Inc., Sr. Unsecd. Note, 144A, 2.875%, 10/15/2026 | &nbsp;&nbsp; 847932 |
| &nbsp;&nbsp; 825000 | Rocket Mortgage Co-Issuer, Inc., Sr. Unsecd. Note, 144A, 3.625%, 3/1/2029 | &nbsp;&nbsp; 770226 |
| &nbsp;&nbsp; 1975000 | Rocket Mortgage Co-Issuer, Inc., Sr. Unsecd. Note, 144A, 3.875%, 3/1/2031 | &nbsp;&nbsp; 1788333 |
| &nbsp;&nbsp; 425000 | Rocket Mortgage Co-Issuer, Inc., Sr. Unsecd. Note, 144A, 4.000%, 10/15/2033 | &nbsp;&nbsp; 367482 |
| &nbsp;&nbsp; 1350000 | United Wholesale Mortgage, LLC, Sr. Unsecd. Note, 144A, 5.500%, 11/15/2025 | &nbsp;&nbsp; 1349752 |
| &nbsp;&nbsp; 1475000 | United Wholesale Mortgage, LLC, Sr. Unsecd. Note, 144A, 5.500%, 4/15/2029 | &nbsp;&nbsp; 1413247 |

---

**3**

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br> **or Shares**<br>|  | **Value** |
|  | CORPORATE BONDS—continued |  |
|  | **Finance Companies—continued** |  |
| $450000 | United Wholesale Mortgage, LLC, Sr. Unsecd. Note, 144A, 5.750%, 6/15/2027 | &nbsp;&nbsp; $443851 |
| &nbsp;&nbsp; 425000 | UWM Holdings LLC, Sr. Unsecd. Note, 144A, 6.625%, 2/1/2030 | &nbsp;&nbsp; 417025 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp; 11208681 |
|  | **Food & Beverage—1.7%** |  |
| &nbsp;&nbsp; 1525000 | Bellring Brands, Inc., Sr. Unsecd. Note, 144A, 7.000%, 3/15/2030 | &nbsp;&nbsp; 1586111 |
| &nbsp;&nbsp; 1100000 | Performance Food Group, Inc., Sr. Unsecd. Note, 144A, 4.250%, 8/1/2029 | &nbsp;&nbsp; 1050014 |
| &nbsp;&nbsp; 300000 | Performance Food Group, Inc., Sr. Unsecd. Note, 144A, 6.125%, 9/15/2032 | &nbsp;&nbsp; 302789 |
| &nbsp;&nbsp; 825000 | Post Holdings, Inc., 144A, 6.375%, 3/1/2033 | &nbsp;&nbsp; 821033 |
| &nbsp;&nbsp; 1000000 | Post Holdings, Inc., Sec. Fac. Bond, 144A, 6.250%, 2/15/2032 | &nbsp;&nbsp; 1017964 |
| &nbsp;&nbsp; 300000 | Post Holdings, Inc., Sr. Unsecd. Note, 144A, 6.250%, 10/15/2034 | &nbsp;&nbsp; 297084 |
| &nbsp;&nbsp; 1625000 | US Foods, Inc., Sr. Unsecd. Note, 144A, 4.750%, 2/15/2029 | &nbsp;&nbsp; 1590338 |
| &nbsp;&nbsp; 125000 | US Foods, Inc., Sr. Unsecd. Note, 144A, 5.750%, 4/15/2033 | &nbsp;&nbsp; 123112 |
| &nbsp;&nbsp; 425000 | US Foods, Inc., Sr. Unsecd. Note, 144A, 6.875%, 9/15/2028 | &nbsp;&nbsp; 437530 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 7225975 |
|  | **Gaming—3.8%** |  |
| &nbsp;&nbsp; 400000 | Boyd Gaming Corp., Sr. Unsecd. Note, 4.750%, 12/1/2027 | &nbsp;&nbsp; 394877 |
| &nbsp;&nbsp; 925000 | Boyd Gaming Corp., Sr. Unsecd. Note, 144A, 4.750%, 6/15/2031 | &nbsp;&nbsp; 866904 |
| &nbsp;&nbsp; 925000 | Caesars Entertainment, Inc., 144A, 6.000%, 10/15/2032 | &nbsp;&nbsp; 887920 |
| &nbsp;&nbsp; 225000 | Caesars Entertainment, Inc., Sec. Fac. Bond, 144A, 7.000%, 2/15/2030 | &nbsp;&nbsp; 231020 |
| &nbsp;&nbsp; 600000 | Caesars Entertainment, Inc., Sr. Secd. Note, 144A, 6.500%, 2/15/2032 | &nbsp;&nbsp; 605202 |
| &nbsp;&nbsp; 600000 | Caesars Entertainment, Inc., Sr. Unsecd. Note, 144A, 4.625%, 10/15/2029 | &nbsp;&nbsp; 560784 |
| &nbsp;&nbsp; 525000 | Caesars Entertainment, Inc., Sr. Unsecd. Note, 144A, 8.125%, 7/1/2027 | &nbsp;&nbsp; 526099 |
| &nbsp;&nbsp; 200000 | CCM Merger, Inc., Sr. Unsecd. Note, 144A, 6.375%, 5/1/2026 | &nbsp;&nbsp; 200201 |
| &nbsp;&nbsp; 700000 | Churchill Downs, Inc., Sr. Secd. Note, 144A, 5.750%, 4/1/2030 | &nbsp;&nbsp; 690650 |
| &nbsp;&nbsp; 1175000 | Churchill Downs, Inc., Sr. Unsecd. Note, 144A, 6.750%, 5/1/2031 | &nbsp;&nbsp; 1198143 |
| &nbsp;&nbsp; 550000 | Light & Wonder International, Inc., Sr. Unsecd. Note, 144A, 7.250%, 11/15/2029 | &nbsp;&nbsp; 566206 |
| &nbsp;&nbsp; 1175000 | Light & Wonder International, Inc., Sr. Unsecd. Note, 144A, 7.500%, 9/1/2031 | &nbsp;&nbsp; 1214964 |
| &nbsp;&nbsp; 650000 | MGM Resorts International, Sr. Unsecd. Note, 6.125%, 9/15/2029 | &nbsp;&nbsp; 653506 |
| &nbsp;&nbsp; 1375000 | MGM Resorts International, Sr. Unsecd. Note, 6.500%, 4/15/2032 | &nbsp;&nbsp; 1373181 |
| &nbsp;&nbsp; 1900000 | Midwest Gaming Borrower LLC, Sr. Note, 144A, 4.875%, 5/1/2029 | &nbsp;&nbsp; 1821789 |
| &nbsp;&nbsp; 1450000 | PENN Entertaintment, Inc., Sr. Unsecd. Note, 144A, 4.125%, 7/1/2029 | &nbsp;&nbsp; 1296572 |
| &nbsp;&nbsp; 525000 | Station Casinos, LLC, 144A, 6.625%, 3/15/2032 | &nbsp;&nbsp; 526048 |
| &nbsp;&nbsp; 325000 | Station Casinos, LLC, Sr. Unsecd. Note, 144A, 4.500%, 2/15/2028 | &nbsp;&nbsp; 315405 |
| &nbsp;&nbsp; 950000 | Station Casinos, LLC, Sr. Unsecd. Note, 144A, 4.625%, 12/1/2031 | &nbsp;&nbsp; 870253 |
| &nbsp;&nbsp; 550000 | Wynn Resorts Finance LLC / Wynn Resorts Capital Corp., 144A, 7.125%, 2/15/2031 | &nbsp;&nbsp; 577215 |
| &nbsp;&nbsp; 875000 | Wynn Resorts Finance LLC / Wynn Resorts Capital Corp., Sr. Unsecd. Note, 144A, 6.250%, 3/15/2033 | &nbsp;&nbsp; 865959 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp; 16242898 |
|  | **Health Care—4.7%** |  |
| &nbsp;&nbsp; 1600000 | AHP Health Partners, Inc., Sr. Unsecd. Note, 144A, 5.750%, 7/15/2029 | &nbsp;&nbsp; 1534079 |
| &nbsp;&nbsp; 950000 | Avantor Funding, Inc., Sr. Unsecd. Note, 144A, 3.875%, 11/1/2029 | &nbsp;&nbsp; 886791 |
| &nbsp;&nbsp; 1075000 | Avantor Funding, Inc., Sr. Unsecd. Note, 144A, 4.625%, 7/15/2028 | &nbsp;&nbsp; 1048386 |
| &nbsp;&nbsp; 525000 | CHS/Community Health Systems, Inc., 144A, 6.125%, 4/1/2030 | &nbsp;&nbsp; 406071 |
| &nbsp;&nbsp; 900000 | CHS/Community Health Systems, Inc., 144A, 6.875%, 4/15/2029 | &nbsp;&nbsp; 752990 |
| &nbsp;&nbsp; 675000 | CHS/Community Health Systems, Inc., Sec. Fac. Bond, 144A, 5.625%, 3/15/2027 | &nbsp;&nbsp; 665544 |
| &nbsp;&nbsp; 225000 | CHS/Community Health Systems, Inc., Sec. Fac. Bond, 144A, 6.000%, 1/15/2029 | &nbsp;&nbsp; 216355 |
| &nbsp;&nbsp; 550000 | CHS/Community Health Systems, Inc., Sr. Note, 144A, 5.250%, 5/15/2030 | &nbsp;&nbsp; 495771 |
| &nbsp;&nbsp; 300000 | Concentra Escrow Issuer Corp., Sr. Unsecd. Note, 144A, 6.875%, 7/15/2032 | &nbsp;&nbsp; 309023 |
| &nbsp;&nbsp; 175000 | Insulet Corp., Sr. Unsecd. Note, 144A, 6.500%, 4/1/2033 | &nbsp;&nbsp; 180087 |
| &nbsp;&nbsp; 625000 | Iqvia, Inc., Sr. Unsecd. Note, 144A, 5.000%, 10/15/2026 | &nbsp;&nbsp; 623409 |
| &nbsp;&nbsp; 575000 | Iqvia, Inc., Sr. Unsecd. Note, 144A, 5.000%, 5/15/2027 | &nbsp;&nbsp; 571875 |

---

**4**

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br> **or Shares**<br>|  | **Value** |
|  | CORPORATE BONDS—continued |  |
|  | **Health Care—continued** |  |
| $200000 | Iqvia, Inc., Sr. Unsecd. Note, 144A, 6.500%, 5/15/2030 | &nbsp;&nbsp; $204420 |
| &nbsp;&nbsp; 1325000 | Medline Borrower LP, Sec. Fac. Bond, 144A, 3.875%, 4/1/2029 | &nbsp;&nbsp; 1249782 |
| &nbsp;&nbsp; 4350000 | Medline Borrower LP, Sr. Unsecd. Note, 144A, 5.250%, 10/1/2029 | &nbsp;&nbsp; 4254406 |
| &nbsp;&nbsp; 825000 | Neogen Food Safety Corp., Sr. Unsecd. Note, 144A, 8.625%, 7/20/2030 | &nbsp;&nbsp; 860892 |
| &nbsp;&nbsp; 1100000 | Raven Acquisition Holdings LLC, Sr. Secd. Note, 144A, 6.875%, 11/15/2031 | &nbsp;&nbsp; 1097758 |
| &nbsp;&nbsp; 1225000 | Select Medical Corp., 144A, 6.250%, 12/1/2032 | &nbsp;&nbsp; 1215115 |
| &nbsp;&nbsp; 1150000 | Tenet Healthcare Corp., 4.250%, 6/1/2029 | &nbsp;&nbsp; 1105079 |
| &nbsp;&nbsp; 775000 | Tenet Healthcare Corp., 5.125%, 11/1/2027 | &nbsp;&nbsp; 770666 |
| &nbsp;&nbsp; 875000 | Tenet Healthcare Corp., 144A, 6.250%, 2/1/2027 | &nbsp;&nbsp; 876169 |
| &nbsp;&nbsp; 100000 | Tenet Healthcare Corp., Sec. Fac. Bond, 144A, 6.750%, 5/15/2031 | &nbsp;&nbsp; 103068 |
| &nbsp;&nbsp; 350000 | Tenet Healthcare Corp., Sr. Secd. Note, 6.125%, 6/15/2030 | &nbsp;&nbsp; 353867 |
| &nbsp;&nbsp; 450000 | Tenet Healthcare Corp., Sr. Unsecd. Note, 6.125%, 10/1/2028 | &nbsp;&nbsp; 450955 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp; 20232558 |
|  | **Health Insurance—0.1%** |  |
| &nbsp;&nbsp; 350000 | Molina Healthcare, Inc., Sr. Secd. Note, 144A, 6.250%, 1/15/2033 | &nbsp;&nbsp; 349751 |
|  | **Independent Energy—3.9%** |  |
| &nbsp;&nbsp; 1075000 | Aethon United BR LP/Aethon United Finance Corp., 144A, 7.500%, 10/1/2029 | &nbsp;&nbsp; 1102395 |
| &nbsp;&nbsp; 500000 | Antero Resources Corp., Sr. Unsecd. Note, 144A, 5.375%, 3/1/2030 | &nbsp;&nbsp; 492320 |
| &nbsp;&nbsp; 425000 | Ascent Resources Utica Holdings LLC/ ARU Finance Corp., Sr. Unsecd. Note, 144A, 5.875%, 6/30/2029 | &nbsp;&nbsp; 423765 |
| &nbsp;&nbsp; 550000 | Ascent Resources Utica Holdings LLC/ ARU Finance Corp., Sr. Unsecd. Note, 144A, 6.625%, 10/15/2032 | &nbsp;&nbsp; 553645 |
| &nbsp;&nbsp; 500000 | Ascent Resources Utica Holdings LLC/ ARU Finance Corp., Sr. Unsecd. Note, 144A, 8.250%, 12/31/2028 | &nbsp;&nbsp; 507909 |
| &nbsp;&nbsp; 325000 | Civitas Resources, Inc., Sr. Secd. Note, 144A, 9.625%, 6/15/2033 | &nbsp;&nbsp; 325890 |
| &nbsp;&nbsp; 325000 | Civitas Resources, Inc., Sr. Unsecd. Note, 144A, 8.625%, 11/1/2030 | &nbsp;&nbsp; 320793 |
| &nbsp;&nbsp; 900000 | Civitas Resources, Inc., Sr. Unsecd. Note, 144A, 8.750%, 7/1/2031 | &nbsp;&nbsp; 881060 |
| &nbsp;&nbsp; 525000 | Civitas Resources, Inc., Unsecd. Note, 144A, 8.375%, 7/1/2028 | &nbsp;&nbsp; 529596 |
| &nbsp;&nbsp; 150000 | CNX Resources Corp., Sr. Unsecd. Note, 144A, 7.250%, 3/1/2032 | &nbsp;&nbsp; 152956 |
| &nbsp;&nbsp; 225000 | Comstock Resources, Inc., Sr. Unsecd. Note, 144A, 5.875%, 1/15/2030 | &nbsp;&nbsp; 212973 |
| &nbsp;&nbsp; 2000000 | Comstock Resources, Inc., Sr. Unsecd. Note, 144A, 6.750%, 3/1/2029 | &nbsp;&nbsp; 1973022 |
| &nbsp;&nbsp; 809000 | EQT Corp., Sr. Unsecd. Note, 144A, 4.500%, 1/15/2029 | &nbsp;&nbsp; 790764 |
| &nbsp;&nbsp; 1025000 | EQT Corp., Sr. Unsecd. Note, 144A, 4.750%, 1/15/2031 | &nbsp;&nbsp; 991982 |
| &nbsp;&nbsp; 300000 | EQT Corp., Sr. Unsecd. Note, 144A, 6.375%, 4/1/2029 | &nbsp;&nbsp; 307255 |
| &nbsp;&nbsp; 225000 | EQT Corp., Sr. Unsecd. Note, 144A, 7.500%, 6/1/2027 | &nbsp;&nbsp; 229254 |
| &nbsp;&nbsp; 600000 | Expand Energy Corp., Sr. Unsecd. Note, 4.750%, 2/1/2032 | &nbsp;&nbsp; 566090 |
| &nbsp;&nbsp; 100000 | Expand Energy Corp., Sr. Unsecd. Note, 5.375%, 3/15/2030 | &nbsp;&nbsp; 99535 |
| &nbsp;&nbsp; 1275000<br><sup>1,2</sup> <br>| Expand Energy Corp., Sr. Unsecd. Note, 7.000%, 10/1/2099 | &nbsp;&nbsp; 5100 |
| &nbsp;&nbsp; 175000 | Expand Energy Corp., Sr. Unsecd. Note, 144A, 5.875%, 2/1/2029 | &nbsp;&nbsp; 175679 |
| &nbsp;&nbsp; 125000 | Matador Resources Co., Sr. Unsecd. Note, 144A, 6.250%, 4/15/2033 | &nbsp;&nbsp; 120717 |
| &nbsp;&nbsp; 1200000 | Matador Resources Co., Sr. Unsecd. Note, 144A, 6.500%, 4/15/2032 | &nbsp;&nbsp; 1176044 |
| &nbsp;&nbsp; 350000 | Permian Resources Operating LLC, Sr. Sub. Secd. Note, 144A, 6.250%, 2/1/2033 | &nbsp;&nbsp; 345628 |
| &nbsp;&nbsp; 375000 | Permian Resources Operating LLC, Sr. Unsecd. Note, 144A, 5.375%, 1/15/2026 | &nbsp;&nbsp; 374255 |
| &nbsp;&nbsp; 650000 | Range Resources Corp., Sr. Unsecd. Note, 8.250%, 1/15/2029 | &nbsp;&nbsp; 668139 |
| &nbsp;&nbsp; 350000 | Range Resources Corp., Sr. Unsecd. Note, 144A, 4.750%, 2/15/2030 | &nbsp;&nbsp; 336640 |
| &nbsp;&nbsp; 1225000 | Rockcliff Energy II LLC, Sr. Unsecd. Note, 144A, 5.500%, 10/15/2029 | &nbsp;&nbsp; 1157890 |
| &nbsp;&nbsp; 400000 | Sitio Royalties Operating Partnership Lp / Sitio Finance Corp., Sr. Unsecd. Note, 144A, 7.875%, 11/1/2028 | &nbsp;&nbsp; 412866 |
| &nbsp;&nbsp; 1000000 | SM Energy Co., Sr. Unsecd. Note, 6.750%, 9/15/2026 | &nbsp;&nbsp; 999175 |
| &nbsp;&nbsp; 350000 | SM Energy Co., Sr. Unsecd. Note, 144A, 6.750%, 8/1/2029 | &nbsp;&nbsp; 343218 |
| &nbsp;&nbsp; 300000 | SM Energy Co., Sr. Unsecd. Note, 144A, 7.000%, 8/1/2032 | &nbsp;&nbsp; 288277 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp; 16864832 |
|  | **Industrial - Other—1.6%** |  |
| &nbsp;&nbsp; 1300000 | Hillenbrand, Inc., Sr. Unsecd. Note, 6.250%, 2/15/2029 | &nbsp;&nbsp; 1306112 |

---

**5**

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br> **or Shares**<br>|  | **Value** |
|  | CORPORATE BONDS—continued |  |
|  | **Industrial - Other—continued** |  |
| $3750000 | Madison Iaq LLC, Sr. Unsecd. Note, 144A, 5.875%, 6/30/2029 | &nbsp;&nbsp; $3630583 |
| &nbsp;&nbsp; 1975000 | SPX Flow, Inc., Sr. Unsecd. Note, 144A, 8.750%, 4/1/2030 | &nbsp;&nbsp; 2034550 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 6971245 |
|  | **Insurance - P&C—8.8%** |  |
| &nbsp;&nbsp; 1050000 | Acrisure LLC, Sec. Fac. Bond, 144A, 7.500%, 11/6/2030 | &nbsp;&nbsp; 1084177 |
| &nbsp;&nbsp; 975000 | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer, 144A, 7.375%, 10/1/2032 | &nbsp;&nbsp; 1003407 |
| &nbsp;&nbsp; 1500000 | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer, Sec. Fac. Bond, 144A, 7.000%, 1/15/2031 | &nbsp;&nbsp; 1535203 |
| &nbsp;&nbsp; 850000 | AmWINS Group, Inc., Sec. Fac. Bond, 144A, 6.375%, 2/15/2029 | &nbsp;&nbsp; 862440 |
| &nbsp;&nbsp; 2750000 | AmWINS Group, Inc., Sr. Unsecd. Note, 144A, 4.875%, 6/30/2029 | &nbsp;&nbsp; 2636523 |
| &nbsp;&nbsp; 625000 | Ardonagh Finco Ltd., Sec. Fac. Bond, 144A, 7.750%, 2/15/2031 | &nbsp;&nbsp; 646704 |
| &nbsp;&nbsp; 4475000 | Ardonagh Group Finance Ltd., Sr. Unsecd. Note, 144A, 8.875%, 2/15/2032 | &nbsp;&nbsp; 4627884 |
| &nbsp;&nbsp; 2000000 | AssuredPartners, Inc., Sr. Unsecd. Note, 144A, 5.625%, 1/15/2029 | &nbsp;&nbsp; 2006860 |
| &nbsp;&nbsp; 475000 | AssuredPartners, Inc., Sr. Unsecd. Note, 144A, 7.500%, 2/15/2032 | &nbsp;&nbsp; 508827 |
| &nbsp;&nbsp; 1625000 | Baldwin Insurance Group Holdings LLC/Baldwin Insurance Group Holdings Finance, 144A, 7.125%, 5/15/2031 | &nbsp;&nbsp; 1676327 |
| &nbsp;&nbsp; 4475000 | Broadstreet Partners, Inc., Sr. Unsecd. Note, 144A, 5.875%, 4/15/2029 | &nbsp;&nbsp; 4409563 |
| &nbsp;&nbsp; 2250000 | Hub International Ltd., Sec. Fac. Bond, 144A, 7.250%, 6/15/2030 | &nbsp;&nbsp; 2344606 |
| &nbsp;&nbsp; 3375000 | Hub International Ltd., Sr. Unsecd. Note, 144A, 5.625%, 12/1/2029 | &nbsp;&nbsp; 3349856 |
| &nbsp;&nbsp; 1800000 | Hub International Ltd., Sr. Unsecd. Note, 144A, 7.375%, 1/31/2032 | &nbsp;&nbsp; 1879603 |
| &nbsp;&nbsp; 1100000 | Jones Deslauriers Insurance Management, Inc., Sec. Fac. Bond, 144A, 8.500%, 3/15/2030 | &nbsp;&nbsp; 1155890 |
| &nbsp;&nbsp; 1700000 | Jones Deslauriers Insurance Management, Inc., Sr. Unsecd. Note, 144A, 10.500%, 12/15/2030 | &nbsp;&nbsp; 1824781 |
| &nbsp;&nbsp; 2500000 | Panther Escrow Issuer, Sec. Fac. Bond, 144A, 7.125%, 6/1/2031 | &nbsp;&nbsp; 2587822 |
| &nbsp;&nbsp; 1000000 | Ryan Specialty LLC, Sec. Fac. Bond, 144A, 5.875%, 8/1/2032 | &nbsp;&nbsp; 994531 |
| &nbsp;&nbsp; 2600000 | USI, Inc./NY, Sr. Unsecd. Note, 144A, 7.500%, 1/15/2032 | &nbsp;&nbsp; 2728593 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp; 37863597 |
|  | **Leisure—2.0%** |  |
| &nbsp;&nbsp; 250000 | Carnival Corp., Sr. Secd. Note, 144A, 7.000%, 8/15/2029 | &nbsp;&nbsp; 262529 |
| &nbsp;&nbsp; 650000 | Carnival Corp., Sr. Unsecd. Note, 144A, 5.750%, 3/15/2030 | &nbsp;&nbsp; 651925 |
| &nbsp;&nbsp; 925000 | Carnival Corp., Sr. Unsecd. Note, 144A, 5.875%, 6/15/2031 | &nbsp;&nbsp; 926133 |
| &nbsp;&nbsp; 500000 | NCL Corp. Ltd., Sr. Secd. Note, 144A, 8.125%, 1/15/2029 | &nbsp;&nbsp; 526764 |
| &nbsp;&nbsp; 99000 | NCL Corp. Ltd., Sr. Unsecd. Note, 144A, 5.875%, 3/15/2026 | &nbsp;&nbsp; 99124 |
| &nbsp;&nbsp; 725000 | NCL Corp. Ltd., Sr. Unsecd. Note, 144A, 6.750%, 2/1/2032 | &nbsp;&nbsp; 725588 |
| &nbsp;&nbsp; 150000 | NCL Corp. Ltd., Sr. Unsecd. Note, 144A, 7.750%, 2/15/2029 | &nbsp;&nbsp; 157805 |
| &nbsp;&nbsp; 275000 | NCL Finance Ltd., Sr. Unsecd. Note, 144A, 6.125%, 3/15/2028 | &nbsp;&nbsp; 276921 |
| &nbsp;&nbsp; 525000 | Royal Caribbean Cruises, Ltd., 144A, 6.000%, 2/1/2033 | &nbsp;&nbsp; 527213 |
| &nbsp;&nbsp; 300000 | Royal Caribbean Cruises, Ltd., Sr. Unsecd. Note, 144A, 4.250%, 7/1/2026 | &nbsp;&nbsp; 297189 |
| &nbsp;&nbsp; 250000 | Royal Caribbean Cruises, Ltd., Sr. Unsecd. Note, 144A, 5.500%, 8/31/2026 | &nbsp;&nbsp; 250192 |
| &nbsp;&nbsp; 400000 | Royal Caribbean Cruises, Ltd., Sr. Unsecd. Note, 144A, 5.625%, 9/30/2031 | &nbsp;&nbsp; 395604 |
| &nbsp;&nbsp; 700000 | Royal Caribbean Cruises, Ltd., Sr. Unsecd. Note, 144A, 6.250%, 3/15/2032 | &nbsp;&nbsp; 709887 |
| &nbsp;&nbsp; 1000000 | Six Flags Entertainment Corp., Sr. Unsecd. Note, 144A, 7.250%, 5/15/2031 | &nbsp;&nbsp; 1022439 |
| &nbsp;&nbsp; 1750000 | United Parks & Resorts, Inc., Sr. Unsecd. Note, 144A, 5.250%, 8/15/2029 | &nbsp;&nbsp; 1683266 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 8512579 |
|  | **Lodging—0.7%** |  |
| &nbsp;&nbsp; 950000 | Hilton Domestic Operating Co., Inc., Sr. Unsecd. Note, 144A, 3.625%, 2/15/2032 | &nbsp;&nbsp; 846141 |
| &nbsp;&nbsp; 200000 | Hilton Domestic Operating Co., Inc., Sr. Unsecd. Note, 144A, 5.750%, 5/1/2028 | &nbsp;&nbsp; 200829 |
| &nbsp;&nbsp; 525000 | Hilton Domestic Operating Co., Inc., Sr. Unsecd. Note, Series WI, 4.875%, 1/15/2030 | &nbsp;&nbsp; 514919 |
| &nbsp;&nbsp; 775000 | RHP Hotel Property/RHP Finance Corp., Sr. Unsecd. Note, 144A, 6.500%, 4/1/2032 | &nbsp;&nbsp; 786149 |
| &nbsp;&nbsp; 200000 | RHP Hotel Property/RHP Finance Corp., Sr. Unsecd. Note, 144A, 6.500%, 6/15/2033 | &nbsp;&nbsp; 203563 |
| &nbsp;&nbsp; 275000 | RHP Hotel Property/RHP Finance Corp., Sr. Unsecd. Note, 144A, 7.250%, 7/15/2028 | &nbsp;&nbsp; 283717 |
| &nbsp;&nbsp; 250000 | XHR LP, Sr. Unsecd. Note, 144A, 6.625%, 5/15/2030 | &nbsp;&nbsp; 250845 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 3086163 |

---

**6**

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br> **or Shares**<br>|  | **Value** |
|  | CORPORATE BONDS—continued |  |
|  | **Media Entertainment—2.0%** |  |
| $175000 | Gray Escrow II, Inc., Sr. Unsecd. Note, 144A, 5.375%, 11/15/2031 | &nbsp;&nbsp; $125102 |
| &nbsp;&nbsp; 750000 | Gray Media, Inc., Sr. Unsecd. Note, 144A, 4.750%, 10/15/2030 | &nbsp;&nbsp; 544687 |
| &nbsp;&nbsp; 350000 | Lamar Media Corp., Sr. Unsecd. Note, 4.875%, 1/15/2029 | &nbsp;&nbsp; 343920 |
| &nbsp;&nbsp; 350000 | Lamar Media Corp., Sr. Unsecd. Note, Series WI, 3.625%, 1/15/2031 | &nbsp;&nbsp; 318221 |
| &nbsp;&nbsp; 1000000 | Outfront Media Capital LLC / Outfront Media Capital Corp., 144A, 7.375%, 2/15/2031 | &nbsp;&nbsp; 1056678 |
| &nbsp;&nbsp; 675000 | Outfront Media Capital LLC / Outfront Media Capital Corp., Sr. Unsecd. Note, 144A, 5.000%, 8/15/2027 | &nbsp;&nbsp; 666714 |
| &nbsp;&nbsp; 325000 | Scripps Escrow, Inc., Sr. Unsecd. Note, 144A, 5.875%, 7/15/2027 | &nbsp;&nbsp; 275859 |
| &nbsp;&nbsp; 1000000 | Sinclair Television Group, Inc., Sr. Unsecd. Note, 144A, 5.500%, 3/1/2030 | &nbsp;&nbsp; 845000 |
| &nbsp;&nbsp; 3000000 | Stagwell Global LLC, Sr. Unsecd. Note, 144A, 5.625%, 8/15/2029 | &nbsp;&nbsp; 2823233 |
| &nbsp;&nbsp; 1000000 | Univision Communications, Inc., Sec. Fac. Bond, 144A, 4.500%, 5/1/2029 | &nbsp;&nbsp; 888609 |
| &nbsp;&nbsp; 400000 | Univision Communications, Inc., Sec. Fac. Bond, 144A, 7.375%, 6/30/2030 | &nbsp;&nbsp; 374224 |
| &nbsp;&nbsp; 500000 | Univision Communications, Inc., Sec. Fac. Bond, 144A, 8.000%, 8/15/2028 | &nbsp;&nbsp; 500770 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 8763017 |
|  | **Metals & Mining—1.0%** |  |
| &nbsp;&nbsp; 900000 | Cleveland-Cliffs, Inc., Sr. Unsecd. Note, 144A, 4.625%, 3/1/2029 | &nbsp;&nbsp; 805368 |
| &nbsp;&nbsp; 725000 | Cleveland-Cliffs, Inc., Sr. Unsecd. Note, 144A, 6.750%, 4/15/2030 | &nbsp;&nbsp; 651756 |
| &nbsp;&nbsp; 925000 | Cleveland-Cliffs, Inc., Sr. Unsecd. Note, 144A, 7.000%, 3/15/2032 | &nbsp;&nbsp; 799013 |
| &nbsp;&nbsp; 300000 | Cleveland-Cliffs, Inc., Sr. Unsecd. Note, 144A, 7.375%, 5/1/2033 | &nbsp;&nbsp; 257978 |
| &nbsp;&nbsp; 250000 | Cleveland-Cliffs, Inc., Sr. Unsecd. Note, 144A, 7.500%, 9/15/2031 | &nbsp;&nbsp; 225059 |
| &nbsp;&nbsp; 1675000 | Coeur Mining, Inc., Sr. Unsecd. Note, 144A, 5.125%, 2/15/2029 | &nbsp;&nbsp; 1613532 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 4352706 |
|  | **Midstream—4.1%** |  |
| &nbsp;&nbsp; 1525000 | Antero Midstream Partners LP, Sr. Unsecd. Note, 144A, 5.375%, 6/15/2029 | &nbsp;&nbsp; 1510434 |
| &nbsp;&nbsp; 1950000 | Antero Midstream Partners LP, Sr. Unsecd. Note, 144A, 5.750%, 3/1/2027 | &nbsp;&nbsp; 1949521 |
| &nbsp;&nbsp; 1350000 | Antero Midstream Partners LP, Sr. Unsecd. Note, 144A, 5.750%, 1/15/2028 | &nbsp;&nbsp; 1345638 |
| &nbsp;&nbsp; 850000 | Aris Water Holdings LLC, Sr. Unsecd. Note, 144A, 7.250%, 4/1/2030 | &nbsp;&nbsp; 855205 |
| &nbsp;&nbsp; 275000 | Blue Racer Midstream LLC/Blue Racer Finance Corp., Sr. Unsecd. Note, 144A, 7.000%, 7/15/2029 | &nbsp;&nbsp; 284333 |
| &nbsp;&nbsp; 400000 | Blue Racer Midstream LLC/Blue Racer Finance Corp., Sr. Unsecd. Note, 144A, 7.250%, 7/15/2032 | &nbsp;&nbsp; 415046 |
| &nbsp;&nbsp; 1550000 | CNX Midstream Partners LP, Sr. Unsecd. Note, 144A, 4.750%, 4/15/2030 | &nbsp;&nbsp; 1438265 |
| &nbsp;&nbsp; 725000 | DT Midstream, Inc., Sr. Unsecd. Note, 144A, 4.375%, 6/15/2031 | &nbsp;&nbsp; 677598 |
| &nbsp;&nbsp; 500000 | Hess Midstream Operations LP, Sr. Unsecd. Note, 144A, 4.250%, 2/15/2030 | &nbsp;&nbsp; 476976 |
| &nbsp;&nbsp; 750000 | Hess Midstream Operations LP, Sr. Unsecd. Note, 144A, 5.125%, 6/15/2028 | &nbsp;&nbsp; 740580 |
| &nbsp;&nbsp; 600000 | Hess Midstream Operations LP, Sr. Unsecd. Note, 144A, 5.500%, 10/15/2030 | &nbsp;&nbsp; 593622 |
| &nbsp;&nbsp; 150000 | Hess Midstream Operations LP, Sr. Unsecd. Note, 144A, 6.500%, 6/1/2029 | &nbsp;&nbsp; 153228 |
| &nbsp;&nbsp; 1125000 | HF Sinclair Corp., Sr. Unsecd. Note, 5.000%, 2/1/2028 | &nbsp;&nbsp; 1119828 |
| &nbsp;&nbsp; 176000 | HF Sinclair Corp., Sr. Unsecd. Note, 6.375%, 4/15/2027 | &nbsp;&nbsp; 177688 |
| &nbsp;&nbsp; 900000 | Northriver Midstream Fin, 144A, 6.750%, 7/15/2032 | &nbsp;&nbsp; 908969 |
| &nbsp;&nbsp; 325000 | Rockies Express Pipeline, Sr. Unsecd. Note, 144A, 6.750%, 3/15/2033 | &nbsp;&nbsp; 335139 |
| &nbsp;&nbsp; 900000 | Suburban Propane Partners LP, Sr. Unsecd. Note, 5.875%, 3/1/2027 | &nbsp;&nbsp; 898569 |
| &nbsp;&nbsp; 650000 | Suburban Propane Partners LP, Sr. Unsecd. Note, 144A, 5.000%, 6/1/2031 | &nbsp;&nbsp; 606002 |
| &nbsp;&nbsp; 375000 | Targa Resources Partners LP / Targa Resources Partners Finance Corp., Sr. Unsecd. Note, 5.000%, 1/15/2028 | &nbsp;&nbsp; 374591 |
| &nbsp;&nbsp; 675000 | Targa Resources Partners LP / Targa Resources Partners Finance Corp., Sr. Unsecd. Note, 144A, 5.500%, 3/1/2030 | &nbsp;&nbsp; 680386 |
| &nbsp;&nbsp; 1000000 | Venture Global Plaquemines LNG LLC, Sec. Fac. Bond, 144A, 7.750%, 5/1/2035 | &nbsp;&nbsp; 1053936 |
| &nbsp;&nbsp; 1000000 | Venture Global Plaquemines LNG LLC, Sr. Secd. Note, 144A, 7.500%, 5/1/2033 | &nbsp;&nbsp; 1045338 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp; 17640892 |
|  | **Oil Field Services—2.0%** |  |
| &nbsp;&nbsp; 1450000 | Archrock Partners LP / Archrock Partners Finance Corp., Sr. Unsecd. Note, 144A, 6.250%, 4/1/2028 | &nbsp;&nbsp; 1448698 |
| &nbsp;&nbsp; 2100000 | Archrock Partners LP / Archrock Partners Finance Corp., Sr. Unsecd. Note, 144A, 6.875%, 4/1/2027 | &nbsp;&nbsp; 2104572 |
| &nbsp;&nbsp; 325000 | Kodiak Gas Services LLC, Sr. Unsecd. Note, 144A, 7.250%, 2/15/2029 | &nbsp;&nbsp; 333280 |
| &nbsp;&nbsp; 625000 | Nabors Industries Ltd., Sr. Unsecd. Note, 144A, 7.500%, 1/15/2028 | &nbsp;&nbsp; 522677 |

---

**7**

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br> **or Shares**<br>|  | **Value** |
|  | CORPORATE BONDS—continued |  |
|  | **Oil Field Services—continued** |  |
| $175000 | Nabors Industries, Inc., Sec. Fac. Bond, 144A, 9.125%, 1/31/2030 | &nbsp;&nbsp; $159610 |
| &nbsp;&nbsp; 175000 | Nabors Industries, Inc., Sr. Unsecd. Note, 144A, 7.375%, 5/15/2027 | &nbsp;&nbsp; 168170 |
| &nbsp;&nbsp; 525000 | Nabors Industries, Inc., Sr. Unsecd. Note, 144A, 8.875%, 8/15/2031 | &nbsp;&nbsp; 359738 |
| &nbsp;&nbsp; 625000 | Precision Drilling Corp., Sr. Unsecd. Note, 144A, 6.875%, 1/15/2029 | &nbsp;&nbsp; 600780 |
| &nbsp;&nbsp; 201000 | Precision Drilling Corp., Sr. Unsecd. Note, 144A, 7.125%, 1/15/2026 | &nbsp;&nbsp; 200952 |
| &nbsp;&nbsp; 2025000 | USA Compression Partners LP, Sr. Unsecd. Note, 6.875%, 9/1/2027 | &nbsp;&nbsp; 2025674 |
| &nbsp;&nbsp; 550000 | USA Compression Partners LP, Sr. Unsecd. Note, 144A, 7.125%, 3/15/2029 | &nbsp;&nbsp; 559122 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 8483273 |
|  | **Packaging—3.3%** |  |
| &nbsp;&nbsp; 1159480 | ARD Finance S.A., Sec. Fac. Bond, 144A, 7.250% PIK, 6/30/2027 | &nbsp;&nbsp; 46379 |
| &nbsp;&nbsp; 1550000 | Ardagh Metal Packaging, Sr. Unsecd. Note, 144A, 4.000%, 9/1/2029 | &nbsp;&nbsp; 1376776 |
| &nbsp;&nbsp; 1025000 | Ardagh Packaging Finance PLC/Ardagh Holdings, Sec. Fac. Bond, 144A, 5.250%, 8/15/2027 | &nbsp;&nbsp; 467313 |
| &nbsp;&nbsp; 800000 | Ardagh Packaging Finance PLC/Ardagh Holdings, Sr. Unsecd. Note, 144A, 5.250%, 8/15/2027 | &nbsp;&nbsp; 364732 |
| &nbsp;&nbsp; 875000 | Ball Corp., Sr. Unsecd. Note, 2.875%, 8/15/2030 | &nbsp;&nbsp; 776164 |
| &nbsp;&nbsp; 350000 | Ball Corp., Sr. Unsecd. Note, 6.000%, 6/15/2029 | &nbsp;&nbsp; 357369 |
| &nbsp;&nbsp; 350000 | Ball Corp., Sr. Unsecd. Note, 6.875%, 3/15/2028 | &nbsp;&nbsp; 358682 |
| &nbsp;&nbsp; 1475000 | Clydesdale Acquisition Holdings, Inc., Sec. Fac. Bond, 144A, 6.750%, 4/15/2032 | &nbsp;&nbsp; 1491709 |
| &nbsp;&nbsp; 550000 | Clydesdale Acquisition Holdings, Inc., Sec. Fac. Bond, 144A, 6.875%, 1/15/2030 | &nbsp;&nbsp; 558415 |
| &nbsp;&nbsp; 2000000 | Clydesdale Acquisition Holdings, Inc., Sr. Unsecd. Note, 144A, 8.750%, 4/15/2030 | &nbsp;&nbsp; 2046882 |
| &nbsp;&nbsp; 400000 | Crown Americas LLC / Crown Americas Capital Corp. VI, Sr. Unsecd. Note, 4.750%, 2/1/2026 | &nbsp;&nbsp; 400000 |
| &nbsp;&nbsp; 525000 | Crown Americas LLC, Sr. Unsecd. Note, 144A, 5.875%, 6/1/2033 | &nbsp;&nbsp; 521819 |
| &nbsp;&nbsp; 475000 | Mauser Packaging Solutions Holding Co., 144A, 9.250%, 4/15/2027 | &nbsp;&nbsp; 468317 |
| &nbsp;&nbsp; 800000 | Mauser Packaging Solutions Holding Co., Sec. Fac. Bond, 144A, 7.875%, 4/15/2027 | &nbsp;&nbsp; 808589 |
| &nbsp;&nbsp; 725000 | OI European Group B.V., Sr. Unsecd. Note, 144A, 4.750%, 2/15/2030 | &nbsp;&nbsp; 683252 |
| &nbsp;&nbsp; 619000 | Owens-Brockway Glass Container, Inc., Sr. Unsecd. Note, 144A, 6.625%, 5/13/2027 | &nbsp;&nbsp; 619726 |
| &nbsp;&nbsp; 900000 | Sealed Air Corp., 144A, 6.500%, 7/15/2032 | &nbsp;&nbsp; 922456 |
| &nbsp;&nbsp; 725000 | Sealed Air Corp., Sr. Unsecd. Note, 144A, 5.000%, 4/15/2029 | &nbsp;&nbsp; 712349 |
| &nbsp;&nbsp; 300000 | Sealed Air Corp., Sr. Unsecd. Note, 144A, 6.125%, 2/1/2028 | &nbsp;&nbsp; 303544 |
| &nbsp;&nbsp; 450000 | Trivium Packaging Finance B.V., Term Loan - 1st Lien, 144A, 8.250%, 7/15/2030 | &nbsp;&nbsp; 467263 |
| &nbsp;&nbsp; 500000 | Trivium Packaging Finance B.V., Term Loan - 2nd Lien, 144A, 12.250%, 1/15/2031 | &nbsp;&nbsp; 526149 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp; 14277885 |
|  | **Paper—0.3%** |  |
| &nbsp;&nbsp; 1100000 | Clearwater Paper Corp., Sr. Unsecd. Note, 144A, 4.750%, 8/15/2028 | &nbsp;&nbsp; 1053316 |
| &nbsp;&nbsp; 125000 | Graphic Packaging International, LLC, Sr. Unsecd. Note, 144A, 3.750%, 2/1/2030 | &nbsp;&nbsp; 115342 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 1168658 |
|  | **Pharmaceuticals—1.9%** |  |
| &nbsp;&nbsp; 500000 | Bausch Health Cos., Inc., Sec. Fac. Bond, 144A, 4.875%, 6/1/2028 | &nbsp;&nbsp; 408537 |
| &nbsp;&nbsp; 1375000 | Bausch Health Cos., Inc., Sr. Unsecd. Note, 144A, 5.000%, 2/15/2029 | &nbsp;&nbsp; 879883 |
| &nbsp;&nbsp; 1075000 | Bausch Health Cos., Inc., Sr. Unsecd. Note, 144A, 5.250%, 1/30/2030 | &nbsp;&nbsp; 611069 |
| &nbsp;&nbsp; 1750000 | Bausch Health, Sec. Fac. Bond, 144A, 10.000%, 4/15/2032 | &nbsp;&nbsp; 1733623 |
| &nbsp;&nbsp; 2575000 | Grifols Escrow Issuer S.A., Sr. Unsecd. Note, 144A, 4.750%, 10/15/2028 | &nbsp;&nbsp; 2451259 |
| &nbsp;&nbsp; 325000 | Organon & Co./Organon Foreign Debt Co-Issuer B.V., Sec. Fac. Bond, 144A, 6.750%, 5/15/2034 | &nbsp;&nbsp; 302758 |
| &nbsp;&nbsp; 375000 | Organon & Co./Organon Foreign Debt Co-Issuer B.V., Sr. Unsecd. Note, 144A, 7.875%, 5/15/2034 | &nbsp;&nbsp; 323888 |
| &nbsp;&nbsp; 325000 | Organon Finance 1 LLC, Sec. Fac. Bond, 144A, 4.125%, 4/30/2028 | &nbsp;&nbsp; 305520 |
| &nbsp;&nbsp; 1325000 | Organon Finance 1 LLC, Sr. Unsecd. Note, 144A, 5.125%, 4/30/2031 | &nbsp;&nbsp; 1114279 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 8130816 |
|  | **Restaurant—1.7%** |  |
| &nbsp;&nbsp; 5775000 | 1011778 BC Unltd. Liability Co./New Red Finance, Inc., 144A, 4.000%, 10/15/2030 | &nbsp;&nbsp; 5317894 |
| &nbsp;&nbsp; 325000 | 1011778 BC Unltd. Liability Co./New Red Finance, Inc., 144A, 6.125%, 6/15/2029 | &nbsp;&nbsp; 331753 |
| &nbsp;&nbsp; 925000 | Yum! Brands, Inc., Sr. Unsecd. Note, 4.625%, 1/31/2032 | &nbsp;&nbsp; 878214 |

---

**8**

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br> **or Shares**<br>|  | **Value** |
|  | CORPORATE BONDS—continued |  |
|  | **Restaurant—continued** |  |
| $475000 | Yum! Brands, Inc., Sr. Unsecd. Note, 5.375%, 4/1/2032 | &nbsp;&nbsp; $470023 |
| &nbsp;&nbsp; 350000 | Yum! Brands, Inc., Sr. Unsecd. Note, 144A, 4.750%, 1/15/2030 | &nbsp;&nbsp; 342618 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 7340502 |
|  | **Retailers—1.5%** |  |
| &nbsp;&nbsp; 600000 | Academy Ltd., Sec. Fac. Bond, 144A, 6.000%, 11/15/2027 | &nbsp;&nbsp; 601912 |
| &nbsp;&nbsp; 1175000 | Asbury Automotive Group, Inc., Sr. Unsecd. Note, 144A, 4.625%, 11/15/2029 | &nbsp;&nbsp; 1118019 |
| &nbsp;&nbsp; 1425000 | Asbury Automotive Group, Inc., Sr. Unsecd. Note, 144A, 5.000%, 2/15/2032 | &nbsp;&nbsp; 1331732 |
| &nbsp;&nbsp; 325000 | BELRON Uk Finance PLC, 144A, 5.750%, 10/15/2029 | &nbsp;&nbsp; 326420 |
| &nbsp;&nbsp; 675000 | Gap (The), Inc., Sr. Unsecd. Note, 144A, 3.625%, 10/1/2029 | &nbsp;&nbsp; 617216 |
| &nbsp;&nbsp; 225000 | Gap (The), Inc., Sr. Unsecd. Note, 144A, 3.875%, 10/1/2031 | &nbsp;&nbsp; 200296 |
| &nbsp;&nbsp; 250000 | Group 1 Automotive, Inc., Sr. Unsecd. Note, 144A, 6.375%, 1/15/2030 | &nbsp;&nbsp; 255066 |
| &nbsp;&nbsp; 375000 | Hanesbrands, Inc., Sr. Unsecd. Note, 144A, 9.000%, 2/15/2031 | &nbsp;&nbsp; 396549 |
| &nbsp;&nbsp; 375000 | Kontoor Brands, Inc., Sr. Unsecd. Note, 144A, 4.125%, 11/15/2029 | &nbsp;&nbsp; 345510 |
| &nbsp;&nbsp; 500000 | LCM Investments Holdings II, LLC, Sr. Unsecd. Note, 144A, 4.875%, 5/1/2029 | &nbsp;&nbsp; 482061 |
| &nbsp;&nbsp; 900000 | LCM Investments Holdings II, LLC, Sr. Unsecd. Note, 144A, 8.250%, 8/1/2031 | &nbsp;&nbsp; 954944 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 6629725 |
|  | **Supermarkets—0.3%** |  |
| &nbsp;&nbsp; 575000 | Albertsons Cos. LLC/SAFEW, Sr. Unsecd. Note, 144A, 3.500%, 3/15/2029 | &nbsp;&nbsp; 540824 |
| &nbsp;&nbsp; 450000 | Albertsons Cos. LLC/SAFEW, Sr. Unsecd. Note, 144A, 5.875%, 2/15/2028 | &nbsp;&nbsp; 449932 |
| &nbsp;&nbsp; 175000 | Albertsons Cos. LLC/SAFEW, Sr. Unsecd. Note, 144A, 6.250%, 3/15/2033 | &nbsp;&nbsp; 177843 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 1168599 |
|  | **Technology—11.5%** |  |
| &nbsp;&nbsp; 175000 | Amentum Holdings, Inc., Sr. Unsecd. Note, 144A, 7.250%, 8/1/2032 | &nbsp;&nbsp; 178665 |
| &nbsp;&nbsp; 4400000 | AthenaHealth Group, Inc., Sr. Unsecd. Note, 144A, 6.500%, 2/15/2030 | &nbsp;&nbsp; 4243239 |
| &nbsp;&nbsp; 325000 | CACI International, Inc., Sr. Unsecd. Note, 144A, 6.375%, 6/15/2033 | &nbsp;&nbsp; 331724 |
| &nbsp;&nbsp; 1775000 | Capstone Borrower, Inc., Sec. Fac. Bond, 144A, 8.000%, 6/15/2030 | &nbsp;&nbsp; 1835078 |
| &nbsp;&nbsp; 450000 | Centerfield Media Parent, Sr. Note, 144A, 6.625%, 8/1/2026 | &nbsp;&nbsp; 370882 |
| &nbsp;&nbsp; 300000 | Central Parent, Inc./Central Merger Sub, Inc., 144A, 7.250%, 6/15/2029 | &nbsp;&nbsp; 266032 |
| &nbsp;&nbsp; 275000 | Ciena Corp., Sr. Unsecd. Note, 144A, 4.000%, 1/31/2030 | &nbsp;&nbsp; 256225 |
| &nbsp;&nbsp; 1750000 | Clarivate Science Holdings Corp., Sr. Unsecd. Note, 144A, 4.875%, 7/1/2029 | &nbsp;&nbsp; 1620093 |
| &nbsp;&nbsp; 2725000 | Cloud Software Group, Inc., Sec. Fac. Bond, 144A, 6.500%, 3/31/2029 | &nbsp;&nbsp; 2724210 |
| &nbsp;&nbsp; 350000 | Cloud Software Group, Inc., Sec. Fac. Bond, 144A, 8.250%, 6/30/2032 | &nbsp;&nbsp; 368379 |
| &nbsp;&nbsp; 1400000 | Cloud Software Group, Inc., Sec. Fac. Bond, 144A, 9.000%, 9/30/2029 | &nbsp;&nbsp; 1434061 |
| &nbsp;&nbsp; 1650000 | Coherent Corp., Sr. Unsecd. Note, 144A, 5.000%, 12/15/2029 | &nbsp;&nbsp; 1600555 |
| &nbsp;&nbsp; 1050000 | Consensus Cloud Solutions, Inc., Sr. Unsecd. Note, 144A, 6.000%, 10/15/2026 | &nbsp;&nbsp; 1042151 |
| &nbsp;&nbsp; 1350000 | Consensus Cloud Solutions, Inc., Sr. Unsecd. Note, 144A, 6.500%, 10/15/2028 | &nbsp;&nbsp; 1341981 |
| &nbsp;&nbsp; 475000 | CoreWeave, Inc., Sr. Unsecd. Note, 144A, 9.250%, 6/1/2030 | &nbsp;&nbsp; 474885 |
| &nbsp;&nbsp; 1850000 | Elastic N.V., Sr. Unsecd. Note, 144A, 4.125%, 7/15/2029 | &nbsp;&nbsp; 1736233 |
| &nbsp;&nbsp; 325000 | Ellucian Holdings, Inc., Sec. Fac. Bond, 144A, 6.500%, 12/1/2029 | &nbsp;&nbsp; 329042 |
| &nbsp;&nbsp; 250000 | Entegris, Inc., Sr. Unsecd. Note, 144A, 3.625%, 5/1/2029 | &nbsp;&nbsp; 233363 |
| &nbsp;&nbsp; 1700000 | Entegris, Inc., Sr. Unsecd. Note, 144A, 5.950%, 6/15/2030 | &nbsp;&nbsp; 1702574 |
| &nbsp;&nbsp; 500000 | Fair Isaac & Co., Inc., Sr. Unsecd. Note, 144A, 6.000%, 5/15/2033 | &nbsp;&nbsp; 500306 |
| &nbsp;&nbsp; 450000 | Fortress Intermediate 3, Inc., Sec. Fac. Bond, 144A, 7.500%, 6/1/2031 | &nbsp;&nbsp; 465660 |
| &nbsp;&nbsp; 500000 | Gen Digital, Inc., Sr. Unsecd. Note, 144A, 6.250%, 4/1/2033 | &nbsp;&nbsp; 506802 |
| &nbsp;&nbsp; 1450000 | HealthEquity, Inc., Sr. Unsecd. Note, 144A, 4.500%, 10/1/2029 | &nbsp;&nbsp; 1386648 |
| &nbsp;&nbsp; 375000 | Helios Software Holdings, Sec. Fac. Bond, 144A, 4.625%, 5/1/2028 | &nbsp;&nbsp; 357468 |
| &nbsp;&nbsp; 375000 | Insight Enterprises, Inc., Sr. Unsecd. Note, 144A, 6.625%, 5/15/2032 | &nbsp;&nbsp; 382401 |
| &nbsp;&nbsp; 1450000 | Iron Mountain, Inc., 144A, 6.250%, 1/15/2033 | &nbsp;&nbsp; 1464771 |
| &nbsp;&nbsp; 575000 | Iron Mountain, Inc., Sr. Unsecd. Note, 144A, 7.000%, 2/15/2029 | &nbsp;&nbsp; 594451 |
| &nbsp;&nbsp; 4125000 | McAfee Corp., Sr. Unsecd. Note, 144A, 7.375%, 2/15/2030 | &nbsp;&nbsp; 3818809 |

---

**9**

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br> **or Shares**<br>|  | **Value** |
|  | CORPORATE BONDS—continued |  |
|  | **Technology—continued** |  |
| $725000 | NCR Atleos Corp., 144A, 9.500%, 4/1/2029 | &nbsp;&nbsp; $792385 |
| &nbsp;&nbsp; 880000 | NCR Voyix Corp., Sr. Unsecd. Note, 144A, 5.000%, 10/1/2028 | &nbsp;&nbsp; 868658 |
| &nbsp;&nbsp; 575000 | Open Text, Inc., 144A, 6.900%, 12/1/2027 | &nbsp;&nbsp; 592581 |
| &nbsp;&nbsp; 350000 | Open Text, Inc., Sr. Unsecd. Note, 144A, 3.875%, 2/15/2028 | &nbsp;&nbsp; 335574 |
| &nbsp;&nbsp; 250000 | Open Text, Inc., Sr. Unsecd. Note, 144A, 4.125%, 2/15/2030 | &nbsp;&nbsp; 233655 |
| &nbsp;&nbsp; 1025000 | Open Text, Inc., Sr. Unsecd. Note, 144A, 4.125%, 12/1/2031 | &nbsp;&nbsp; 929694 |
| &nbsp;&nbsp; 375000 | Rocket Software, Inc., Sec. Fac. Bond, 144A, 9.000%, 11/28/2028 | &nbsp;&nbsp; 387281 |
| &nbsp;&nbsp; 2675000 | Rocket Software, Inc., Sr. Unsecd. Note, 144A, 6.500%, 2/15/2029 | &nbsp;&nbsp; 2599798 |
| &nbsp;&nbsp; 500000 | Science Applications International Corp., Sr. Unsecd. Note, 144A, 4.875%, 4/1/2028 | &nbsp;&nbsp; 487752 |
| &nbsp;&nbsp; 450000 | Seagate Data Storage Technologh Pte. Ltd., Sr. Unsecd. Note, 144A, 5.875%, 7/15/2030 | &nbsp;&nbsp; 451827 |
| &nbsp;&nbsp; 75000 | Seagate HDD Cayman, Sr. Unsecd. Note, 8.250%, 12/15/2029 | &nbsp;&nbsp; 79998 |
| &nbsp;&nbsp; 400000 | Seagate HDD Cayman, Sr. Unsecd. Note, 8.500%, 7/15/2031 | &nbsp;&nbsp; 427424 |
| &nbsp;&nbsp; 708500 | Seagate HDD Cayman, Sr. Unsecd. Note, 9.625%, 12/1/2032 | &nbsp;&nbsp; 804718 |
| &nbsp;&nbsp; 200000 | Sensata Technologies B.V., Sr. Unsecd. Note, 144A, 4.000%, 4/15/2029 | &nbsp;&nbsp; 187940 |
| &nbsp;&nbsp; 475000 | Sensata Technologies B.V., Sr. Unsecd. Note, 144A, 4.375%, 2/15/2030 | &nbsp;&nbsp; 447119 |
| &nbsp;&nbsp; 450000 | Sensata Technologies B.V., Sr. Unsecd. Note, 144A, 5.875%, 9/1/2030 | &nbsp;&nbsp; 445429 |
| &nbsp;&nbsp; 325000 | Sensata Technologies, Inc., Sr. Unsecd. Note, 144A, 3.750%, 2/15/2031 | &nbsp;&nbsp; 288924 |
| &nbsp;&nbsp; 250000 | Shift4 Payments, Inc., Sr. Unsecd. Note, 144A, 6.750%, 8/15/2032 | &nbsp;&nbsp; 255230 |
| &nbsp;&nbsp; 2000000 | SS&C Technologies, Inc., Sr. Unsecd. Note, 144A, 5.500%, 9/30/2027 | &nbsp;&nbsp; 1999020 |
| &nbsp;&nbsp; 700000 | SS&C Technologies, Inc., Sr. Unsecd. Note, 144A, 6.500%, 6/1/2032 | &nbsp;&nbsp; 719283 |
| &nbsp;&nbsp; 425000 | Synaptics, Inc., Sr. Unsecd. Note, 144A, 4.000%, 6/15/2029 | &nbsp;&nbsp; 396107 |
| &nbsp;&nbsp; 1300000 | TTM Technologies, Inc., Sr. Unsecd. Note, 144A, 4.000%, 3/1/2029 | &nbsp;&nbsp; 1238189 |
| &nbsp;&nbsp; 1300000 | UKG, Inc., Sec. Fac. Bond, 144A, 6.875%, 2/1/2031 | &nbsp;&nbsp; 1340378 |
| &nbsp;&nbsp; 850000 | Viavi Solutions, Inc., Sr. Unsecd. Note, 144A, 3.750%, 10/1/2029 | &nbsp;&nbsp; 782896 |
| &nbsp;&nbsp; 375000 | Zebra Technologies Corp., Sr. Unsecd. Note, 144A, 6.500%, 6/1/2032 | &nbsp;&nbsp; 381983 |
| &nbsp;&nbsp; 625000 | ZipRecruiter, Inc., Sr. Unsecd. Note, 144A, 5.000%, 1/15/2030 | &nbsp;&nbsp; 539646 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp; 49580177 |
|  | **Transportation Services—0.4%** |  |
| &nbsp;&nbsp; 1050000 | Stena International S.A., Sr. Secd. Note, 144A, 7.250%, 1/15/2031 | &nbsp;&nbsp; 1054658 |
| &nbsp;&nbsp; 550000 | Watco Cos. LLC/Finance Co., Sr. Unsecd. Note, 144A, 7.125%, 8/1/2032 | &nbsp;&nbsp; 566424 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 1621082 |
|  | **Utility - Electric—2.4%** |  |
| &nbsp;&nbsp; 700000 | Calpine Corp., 144A, 4.500%, 2/15/2028 | &nbsp;&nbsp; 687002 |
| &nbsp;&nbsp; 300000 | Calpine Corp., Sr. Secd. Note, 144A, 3.750%, 3/1/2031 | &nbsp;&nbsp; 278655 |
| &nbsp;&nbsp; 450000 | Calpine Corp., Sr. Unsecd. Note, 144A, 4.625%, 2/1/2029 | &nbsp;&nbsp; 438850 |
| &nbsp;&nbsp; 450000 | Calpine Corp., Sr. Unsecd. Note, 144A, 5.000%, 2/1/2031 | &nbsp;&nbsp; 436814 |
| &nbsp;&nbsp; 700000 | Calpine Corp., Sr. Unsecd. Note, 144A, 5.125%, 3/15/2028 | &nbsp;&nbsp; 694353 |
| &nbsp;&nbsp; 110000 | NRG Energy, Inc., Sr. Unsecd. Note, 144A, 3.875%, 2/15/2032 | &nbsp;&nbsp; 99523 |
| &nbsp;&nbsp; 350000 | NRG Energy, Inc., Sr. Unsecd. Note, 144A, 6.000%, 2/1/2033 | &nbsp;&nbsp; 347080 |
| &nbsp;&nbsp; 450000 | NRG Energy, Inc., Sr. Unsecd. Note, 144A, 6.250%, 11/1/2034 | &nbsp;&nbsp; 450521 |
| &nbsp;&nbsp; 1125000 | TerraForm Power Operating LLC, Sr. Unsecd. Note, 144A, 4.750%, 1/15/2030 | &nbsp;&nbsp; 1061151 |
| &nbsp;&nbsp; 1325000 | TerraForm Power Operating LLC, Sr. Unsecd. Note, 144A, 5.000%, 1/31/2028 | &nbsp;&nbsp; 1289073 |
| &nbsp;&nbsp; 400000 | TransAlta Corp., Sr. Unsecd. Note, 7.750%, 11/15/2029 | &nbsp;&nbsp; 417017 |
| &nbsp;&nbsp; 375000 | Vistra Operations Co., LLC, Sr. Unsecd. Note, 144A, 5.500%, 9/1/2026 | &nbsp;&nbsp; 375576 |
| &nbsp;&nbsp; 1375000 | Vistra Operations Co., LLC, Sr. Unsecd. Note, 144A, 5.625%, 2/15/2027 | &nbsp;&nbsp; 1374948 |
| &nbsp;&nbsp; 375000 | Vistra Operations Co., LLC, Sr. Unsecd. Note, 144A, 7.750%, 10/15/2031 | &nbsp;&nbsp; 397861 |
| &nbsp;&nbsp; 875000 | XPLR Infrastructure Operating Partners, LP, Sr. Unsecd. Note, 144A, 7.250%, 1/15/2029 | &nbsp;&nbsp; 879985 |
| &nbsp;&nbsp; 175000 | XPLR Infrastructure Operating Partners, LP, Sr. Unsecd. Note, 144A, 8.375%, 1/15/2031 | &nbsp;&nbsp; 182865 |

---

**10**

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br> **or Shares**<br>|  | **Value** |
|  | CORPORATE BONDS—continued |  |
|  | **Utility - Electric—continued** |  |
| $900000 | XPLR Infrastructure Operating Partners, LP, Sr. Unsecd. Note, 144A, 8.625%, 3/15/2033 | &nbsp;&nbsp; $944816 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp; 10356090 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL CORPORATE BONDS <br>(IDENTIFIED COST $398,275,489)<br>| &nbsp;&nbsp; 385694988 |
|  | COMMON STOCKS—5.5% |  |
|  | **Automotive—0.3%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11135 | Lear Corp. | &nbsp;&nbsp; 1006827 |
|  | **Building Materials—0.5%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9615<br><sup>2</sup> <br>| GMS, Inc. | &nbsp;&nbsp; 728144 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 36995 | Interface, Inc. | &nbsp;&nbsp; 743229 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 45150<br><sup>2</sup> <br>| Masterbrand, Inc. | &nbsp;&nbsp; 460530 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 1931903 |
|  | **Chemicals—0.6%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13105 | Ashland, Inc. | &nbsp;&nbsp; 648828 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18855<br><sup>2</sup> <br>| Axalta Coating Systems Ltd. | &nbsp;&nbsp; 580734 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 71620<br><sup>2</sup> <br>| Ecovyst, Inc. | &nbsp;&nbsp; 533569 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29415 | Koppers Holdings, Inc. | &nbsp;&nbsp; 903629 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 2666760 |
|  | **Construction Machinery—0.3%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6465 | Herc Holdings, Inc. | &nbsp;&nbsp; 801660 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 875 | United Rentals North America, Inc. | &nbsp;&nbsp; 619832 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 1421492 |
|  | **Consumer Cyclical Services—0.2%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8765 | The Brink's Co. | &nbsp;&nbsp; 719256 |
|  | **Consumer Products—0.3%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25850 | Edgewell Personal Care Co. | &nbsp;&nbsp; 713977 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 26795 | Energizer Holdings, Inc. | &nbsp;&nbsp; 624056 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 1338033 |
|  | **Diversified Manufacturing—0.2%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5935 | WESCO International, Inc. | &nbsp;&nbsp; 996427 |
|  | **Food & Beverage—0.2%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11810<br><sup>2</sup> <br>| US Foods Holding Corp. | &nbsp;&nbsp; 934407 |
|  | **Gaming—0.7%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11935 | Boyd Gaming Corp. | &nbsp;&nbsp; 894767 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 46305<br><sup>2</sup> <br>| Caesars Entertainment, Inc. | &nbsp;&nbsp; 1244679 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18720 | Red Rock Resorts, Inc. | &nbsp;&nbsp; 899870 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 3039316 |
|  | **Independent Energy—0.2%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27233 | Devon Energy Corp. | &nbsp;&nbsp; 824071 |
|  | **Media Entertainment—0.0%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5058<br><sup>2,3</sup> <br>| Audacy Capital Corp. | &nbsp;&nbsp; 101109 |
|  | **Midstream—0.2%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 49341 | Suburban Propane Partners LP | &nbsp;&nbsp; 929584 |
|  | **Packaging—0.2%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 253215 | Ardagh Metal Packaging | &nbsp;&nbsp; 987539 |
|  | **Paper—0.3%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 48431 | Graphic Packaging Holding Co. | &nbsp;&nbsp; 1076137 |
|  | **Pharmaceuticals—0.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 85045<br><sup>2</sup> <br>| Bausch Health Cos., Inc. | &nbsp;&nbsp; 385254 |

---

**11**

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br> **or Shares**<br>|  | **Value** |
|  | COMMON STOCKS—continued |  |
|  | **Technology—0.8%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5150 | CDW Corp. | &nbsp;&nbsp; $928854 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8970 | Dell Technologies, Inc. | &nbsp;&nbsp; 998092 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6195 | Science Applications International Corp. | &nbsp;&nbsp; 715770 |
| &nbsp;&nbsp;&nbsp;&nbsp; 28625 | Sensata Technologies Holdings PLC | &nbsp;&nbsp; 745968 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 3388684 |
|  | **Utility - Electric—0.4%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6510 | NRG Energy, Inc. | &nbsp;&nbsp; 1014909 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4690 | Vistra Corp. | &nbsp;&nbsp; 753073 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 1767982 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL COMMON STOCKS <br>(IDENTIFIED COST $27,225,720)<br>| &nbsp;&nbsp;&nbsp; 23514781 |
|  | WARRANTS—0.0% |  |
|  | **Media Entertainment—0.0%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6131<br><sup>2,3</sup> <br>| Audacy Capital Corp., Warrants, Expiration Date 9/30/2028 | &nbsp;&nbsp; 62 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1021<br><sup>2,3</sup> <br>| Audacy Capital Corp., Warrants, Expiration Date 9/30/2028 | &nbsp;&nbsp; 10 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL WARRANTS <br>(IDENTIFIED COST $2,041)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 72 |
|  | INVESTMENT COMPANIES—3.8% |  |
| &nbsp;&nbsp; 922840 | Bank Loan Core Fund | &nbsp;&nbsp; 7927194 |
| 8564609 | Federated Hermes Government Obligations Fund, Premier Shares, 4.23%<sup>4</sup> <br>| &nbsp;&nbsp; 8564609 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL INVESTMENT COMPANIES <br>(IDENTIFIED COST $17,624,491)<br>| &nbsp;&nbsp;&nbsp; 16491803 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL INVESTMENT IN SECURITIES—99.0% <br>(IDENTIFIED COST $443,127,741)<br>| &nbsp;&nbsp; 425701644 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; OTHER ASSETS AND LIABILITIES - NET—1.0%<sup>5</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 4481994 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; NET ASSETS—100% | &nbsp;&nbsp; $430183638 |

---

Transactions with affiliated investment companies, which are funds managed by the Adviser or an affiliate of the Adviser, during the period ended May 31, 2025, were as follows:

---

| | | | |
|:---|:---|:---|:---|
|  | **Bank Loan** <br>**Core Fund**<br>| **Federated Hermes** <br>**Government** <br>**Obligations Fund,** <br>**Premier Shares**<br>| **Total of** <br>**Affiliated** <br>**Transactions**<br>|
| Value as of 2/28/2025 | &nbsp;&nbsp; $7839249 | &nbsp;&nbsp; $2302986 | &nbsp;&nbsp; $10142235 |
| Purchases at Cost | &nbsp;&nbsp; $141939 | &nbsp;&nbsp; $35749352 | &nbsp;&nbsp; $35891291 |
| Proceeds from Sales | &nbsp;&nbsp; $— | &nbsp;&nbsp; $(29487729) | &nbsp;&nbsp; $(29487729) |
| Change in Unrealized Appreciation/Depreciation | &nbsp;&nbsp; $(53994) | &nbsp;&nbsp; $— | &nbsp;&nbsp; $(53994) |
| Net Realized Gain/(Loss) | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— |
| Value as of 5/31/2025 | &nbsp;&nbsp; $7927194 | &nbsp;&nbsp; $8564609 | &nbsp;&nbsp; $16491803 |
| Shares Held as of 5/31/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 922840 | &nbsp;&nbsp;&nbsp;&nbsp; 8564609 | &nbsp;&nbsp;&nbsp;&nbsp; 9487449 |
| Dividend Income | &nbsp;&nbsp; $141872 | &nbsp;&nbsp; $53069 | &nbsp;&nbsp; $194941 |

---

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

---

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

---

Note: The categories of investments are shown as a percentage of net assets at May 31, 2025.

**12**

------

**Investment Valuation** 

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

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

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

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

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

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

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

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

**Fair Valuation and Significant Events Procedures** 

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

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

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

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

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

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

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

The Adviser has adopted procedures whereby the Valuation Committee uses a pricing service to provide factors to update the fair value of equity securities traded principally in foreign markets from the time of the close of their respective foreign stock exchanges to the pricing time of the Fund. For other significant events, the Fund may seek to obtain more current quotations or price evaluations from

**13**

------

alternative pricing sources. If a reliable alternative pricing source is not available, the Valuation Committee will determine the fair value of the investment in accordance with the fair valuation procedures approved by the Adviser. The Trustees periodically review fair valuations made in response to significant events.

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

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

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

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

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>The following is a summary of the inputs used, as of May 31, 2025, in valuing the Fund's assets carried at fair value.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Valuation Inputs** | **Valuation Inputs** | **Valuation Inputs** | **Valuation Inputs** | **Valuation Inputs** |
|  | **Level 1—** <br>**Quoted** <br>**Prices**<br>| **Level 2—** <br>**Other** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3—** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>| **Total** |
| **Debt Securities:** |  |  |  |  |
| Corporate Bonds | &nbsp;&nbsp; $— | &nbsp;&nbsp; $385694988 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $385694988 |
| **Equity Securities:** |  |  |  |  |
| Common Stocks |  |  |  |  |
| &nbsp;&nbsp; Domestic | &nbsp;&nbsp; 20714177 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; 101109 | &nbsp;&nbsp;&nbsp; 20815286 |
| &nbsp;&nbsp; International | &nbsp;&nbsp;&nbsp; 2699495 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 2699495 |
| **Warrants** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 72 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 72 |
| **Investment Companies** | &nbsp;&nbsp; 16491803 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 16491803 |
| &nbsp;&nbsp;&nbsp;&nbsp; TOTAL SECURITIES | &nbsp;&nbsp; $39905475 | &nbsp;&nbsp; $385694988 | &nbsp;&nbsp; $101181 | &nbsp;&nbsp; $425701644 |

---

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

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

**14**

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Federated Hermes High Yield Trust

- **b. Investment Company Act file number:** 811-04018

- **c. CIK number of Registrant:** 0000745967

- **d. LEI of Registrant:** 549300DZ0IX376POUD79

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

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

  - **City:** Warrendale

  - **State:** PA

  - **Foreign country:** US

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

  - **Telephone number:** 8003417400

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

- **a. Name of Series:** Federated Hermes Opportunistic High Yield Bond Fund

- **b. EDGAR series identifier (if any):** S000009061

- **c. LEI of Series:** 254900ZHKBVXNMS28242

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

- **a. Date of fiscal year-end:** 2026-02-28

- **b. Date as of which information is reported:** 2025-05-31

**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:** $432502202.58

**Total Liabilities:** $3765780.14

**Net Assets:** $428736422.44

**Delayed Delivery Securities:** $1000000.00

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -166.063584000000 | **1-Year:** -1009.936671000000 | **5-Year:** -1594.987249000000 | **10-Year:** -210.068003000000 | **30-Year:** 0.000000000000

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

- **3-Month:** -1513.292477000000 | **1-Year:** -30822.493132000000 | **5-Year:** -65058.654171000000 | **10-Year:** -9037.965058000000 | **30-Year:** 0.000000000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000024613 | -1.29%               | 0.44%                | 1.72%                |
| Class ID C000130168 | -1.27%               | 0.46%                | 1.74%                |
| Class ID C000143970 | -1.29%               | 0.44%                | 1.71%                |
| Class ID C000143971 | -1.36%               | 0.37%                | 1.64%                |
| Class ID C000190443 | -1.27%               | 0.46%                | 1.74%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-378856.75              | $-7269889.61                               |
| Month 2  | $-2201764.02             | $2249967.69                                |
| Month 3  | $-832720.93              | $6324273.18                                |

### Schedule of Portfolio Investments

| Name                                                 | Title                                                                           | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| ADIENT GLOBAL HOLDINGS                               | ADIENT GLOBAL HOLDINGS LTD                                                      | CUSIP: 00687YAD7<br>LEI: 213800VA38VCKE6M8790 | Long             | DBT              | CORP              | JE        |    725000 | PA      | $719769.81    | 0.17%             | 2033-02-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| ALBERTSONS COS/SAFEWAY                               | Albertsons Cos LLC / Safeway Inc / New Albertsons LP / Albertson's LLC          | CUSIP: 013092AB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    450000 | PA      | $449931.65    | 0.10%             | 2028-02-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| ALLIANT HOLD / CO-ISSUER                             | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer                  | CUSIP: 01883LAH6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    975000 | PA      | $1003406.65   | 0.23%             | 2032-10-01      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| ALLIED UNIVERSAL                                     | ALLIED UNIVERSAL HOLDCO SR UNSECURED 144A 07/27 9.75                            | CUSIP: 019576AB3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    800000 | PA      | $807110.30    | 0.19%             | 2027-07-15      | Fixed         | 9.75%                 | Yes           |                  2 | On Loan: No      |
| ALLIED UNIVERSAL                                     | Allied Universal Holdco LLC / Allied Universal Finance Corp                     | CUSIP: 019576AC1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3950000 | PA      | $3742548.77   | 0.87%             | 2029-06-01      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| ALLIED UNIVERSAL HOLDCO                              | Allied Universal Holdco LLC                                                     | CUSIP: 019576AD9<br>LEI: 98450038B4549046D794 | Long             | DBT              | CORP              | US        |    325000 | PA      | $337037.68    | 0.08%             | 2031-02-15      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| AMENTUM HOLDINGS INC                                 | Amentum Escrow Corp                                                             | CUSIP: 02352BAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    175000 | PA      | $178665.20    | 0.04%             | 2032-08-01      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| ANTERO MIDSTREAM PART/FI                             | Antero Midstream Partners LP / Antero Midstream Finance Corp                    | CUSIP: 03690AAH9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1525000 | PA      | $1510434.42   | 0.35%             | 2029-06-15      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| AVANTOR FUNDING INC                                  | Avantor Funding Inc                                                             | CUSIP: 05352TAB5<br>LEI: 5493003VM0XB4U8YD238 | Long             | DBT              | CORP              | US        |    950000 | PA      | $886791.18    | 0.21%             | 2029-11-01      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| BELRON UK FINANCE PLC                                | Belron UK Finance PLC                                                           | CUSIP: 080782AA3<br>LEI: 9845006BC9D1A77B8178 | Long             | DBT              | CORP              | GB        |    325000 | PA      | $326420.10    | 0.08%             | 2029-10-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                               | CCO Holdings LLC / CCO Holdings Capital Corp                                    | CUSIP: 1248EPBR3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    325000 | PA      | $324396.67    | 0.08%             | 2026-05-01      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYS                             | CHS/Community Health Systems Inc                                                | CUSIP: 12543DBL3<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |    525000 | PA      | $406071.17    | 0.09%             | 2030-04-01      | Fixed         | 6.13%                 | Yes           |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYS                             | CHS/Community Health Systems Inc                                                | CUSIP: 12543DBM1<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |    550000 | PA      | $495770.47    | 0.12%             | 2030-05-15      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                                     | CSC Holdings LLC                                                                | CUSIP: 126307BH9<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $812312.16    | 0.19%             | 2031-11-15      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| CAESARS ENTERTAIN INC                                | Caesars Entertainment Inc                                                       | CUSIP: 12769GAC4<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |    600000 | PA      | $605202.00    | 0.14%             | 2032-02-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| CARNIVAL CORP                                        | Carnival Corp                                                                   | CUSIP: 143658BW1<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |    250000 | PA      | $262528.50    | 0.06%             | 2029-08-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| CARS.COM INC                                         | Cars.com Inc                                                                    | CUSIP: 14575EAA3<br>LEI: 5493002G6J07LNGX4M98 | Long             | DBT              | CORP              | US        |    425000 | PA      | $424962.94    | 0.10%             | 2028-11-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| CCM MERGER INC                                       | CCM Merger Inc                                                                  | CUSIP: 14985VAE1<br>LEI: 549300P77RSBKKFME089 | Long             | DBT              | CORP              | US        |    200000 | PA      | $200201.26    | 0.05%             | 2026-05-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| CELANESE US HOLDINGS LLC                             | Celanese US Holdings LLC                                                        | CUSIP: 15089QBA1<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |    875000 | PA      | $852437.16    | 0.20%             | 2033-04-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| DISH DBS Corp                                        | DISH DBS Corp                                                                   | CUSIP: 25470XAY1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    225000 | PA      | $193637.02    | 0.05%             | 2026-07-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| DISH DBS CORP                                        | DISH DBS Corp                                                                   | CUSIP: 25470XBD6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1375000 | PA      | $905204.40    | 0.21%             | 2029-06-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                             | Ford Motor Credit Co LLC                                                        | CUSIP: 345397A60<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   3525000 | PA      | $3524894.43   | 0.82%             | 2025-06-16      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| FOUNDATION BUILDING M                                | Foundation Building Materials Inc                                               | CUSIP: 350392AA4<br>LEI: 549300ZVE6MONHB01I28 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2131858.50   | 0.50%             | 2029-03-01      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| GO DADDY OPCO/FINCO                                  | Go Daddy Operating Co LLC / GD Finance Co Inc                                   | CUSIP: 38016LAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    800000 | PA      | $795769.12    | 0.19%             | 2027-12-01      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| HEALTHEQUITY INC                                     | HealthEquity Inc                                                                | CUSIP: 42226AAA5<br>LEI: 529900LRJU1RAFQHM467 | Long             | DBT              | CORP              | US        |   1450000 | PA      | $1386648.34   | 0.32%             | 2029-10-01      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| Herc Holdings Inc                                    | Herc Holdings Inc                                                               | CUSIP: 42704L104<br>LEI: 549300TP80QLITMSBP82 | Long             | EC               | CORP              | US        |      6465 | NS      | $801660.00    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| HILLENBRAND INC                                      | Hillenbrand Inc                                                                 | CUSIP: 431571AF5<br>LEI: U246OE781574J2BUD366 | Long             | DBT              | CORP              | US        |   1300000 | PA      | $1306111.30   | 0.30%             | 2029-02-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| HILTON DOMESTIC OPERATIN                             | Hilton Domestic Operating Co Inc                                                | CUSIP: 432833AF8<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |    525000 | PA      | $514919.27    | 0.12%             | 2030-01-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| HILTON DOMESTIC OPERATIN                             | Hilton Domestic Operating Co Inc                                                | CUSIP: 432833AH4<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |    200000 | PA      | $200829.00    | 0.05%             | 2028-05-01      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Interface Inc                                        | Interface Inc                                                                   | CUSIP: 458665304<br>LEI: 549300VXZWQOIDFPU355 | Long             | EC               | CORP              | US        |     36995 | NS      | $743229.55    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| MASTERBRAND INC                                      | Masterbrand Inc                                                                 | CUSIP: 57638PAA2<br>LEI: 549300E0Y4BR5Z9RDZ64 | Long             | DBT              | CORP              | US        |    275000 | PA      | $273827.54    | 0.06%             | 2032-07-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| MOLINA HEALTHCARE INC                                | Molina Healthcare Inc                                                           | CUSIP: 60855RAM2<br>LEI: 549300NQQCEQ46YHZ591 | Long             | DBT              | CORP              | US        |    350000 | PA      | $349750.70    | 0.08%             | 2033-01-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| NRG ENERGY INC                                       | NRG Energy Inc                                                                  | CUSIP: 629377CW0<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    350000 | PA      | $347079.88    | 0.08%             | 2033-02-01      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| NRG ENERGY INC                                       | NRG Energy Inc                                                                  | CUSIP: 629377CX8<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    450000 | PA      | $450521.49    | 0.11%             | 2034-11-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| NABORS INDUSTRIES LTD                                | Nabors Industries Ltd                                                           | CUSIP: 629571AB6<br>LEI: 5493008TXYN3II3PU369 | Long             | DBT              | CORP              | BM        |    625000 | PA      | $522676.81    | 0.12%             | 2028-01-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| NABORS INDUSTRIES INC                                | Nabors Industries Inc                                                           | CUSIP: 62957HAJ4<br>LEI: 549300VFQWRKICUFNU92 | Long             | DBT              | CORP              | US        |    175000 | PA      | $168169.57    | 0.04%             | 2027-05-15      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| NCR ATLEOS LLC                                       | NCR Atleos Escrow Corp                                                          | CUSIP: 638962AA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    725000 | PA      | $792385.13    | 0.18%             | 2029-04-01      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: No      |
| OLYMPUS WTR US HLDG CORP                             | Olympus Water US Holding Corp                                                   | CUSIP: 681639AD2<br>LEI: 549300YU2GGVCBN3MY89 | Long             | DBT              | CORP              | US        |    375000 | PA      | $375290.63    | 0.09%             | 2031-06-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| 1261229 BC LTD                                       | 1261229 BC Ltd                                                                  | CUSIP: 68288AAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |   1750000 | PA      | $1733623.36   | 0.40%             | 2032-04-15      | Fixed         | 10.00%                | Yes           |                  2 | On Loan: No      |
| ORGANON & CO/ORGANON FOR                             | Organon Finance 1 LLC                                                           | CUSIP: 68622TAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    325000 | PA      | $305519.60    | 0.07%             | 2028-04-30      | Fixed         | 4.13%                 | Yes           |                  2 | On Loan: No      |
| ORGANON & CO/ORGANON FOR                             | Organon Finance 1 LLC                                                           | CUSIP: 68622TAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1325000 | PA      | $1114279.42   | 0.26%             | 2031-04-30      | Fixed         | 5.13%                 | Yes           |                  2 | On Loan: No      |
| OWENS-BROCKWAY                                       | Owens-Brockway Glass Container Inc                                              | CUSIP: 69073TAT0<br>LEI: V2UQUCDZJ9WY98W8QU33 | Long             | DBT              | CORP              | US        |    619000 | PA      | $619726.09    | 0.14%             | 2027-05-13      | Fixed         | 6.63%                 | Yes           |                  2 | On Loan: No      |
| PANTHER ESCROW ISSUER                                | Panther Escrow Issuer LLC                                                       | CUSIP: 69867RAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2587822.23   | 0.60%             | 2031-06-01      | Fixed         | 7.13%                 | Yes           |                  2 | On Loan: No      |
| ROCKET SOFTWARE INC                                  | Rocket Software Inc                                                             | CUSIP: 77314EAA6<br>LEI: 549300PVG26ISP5X1556 | Long             | DBT              | CORP              | US        |   2675000 | PA      | $2599798.26   | 0.61%             | 2029-02-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES                              | Royal Caribbean Cruises Ltd                                                     | CUSIP: 780153BH4<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |    300000 | PA      | $297188.84    | 0.07%             | 2026-07-01      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| RYAN SPECIALTY                                       | Ryan Specialty LLC                                                              | CUSIP: 78351GAA3<br>LEI: 549300K52N7QBO3PYY45 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $994531.00    | 0.23%             | 2032-08-01      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Science Applications Internati                       | Science Applications International Corp                                         | CUSIP: 808625107<br>LEI: 549300LZPNZIXQGZPZ48 | Long             | EC               | CORP              | US        |      6195 | NS      | $715770.30    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| SEAGATE DATA STOR                                    | Seagate Data Storage Technology Pte Ltd                                         | CUSIP: 81180LAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | SG        |    450000 | PA      | $451826.86    | 0.11%             | 2030-07-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| SEAGATE HDD CAYMAN                                   | Seagate HDD Cayman                                                              | CUSIP: 81180WBN0<br>LEI: 529900BD50TRWEG1SF63 | Long             | DBT              | CORP              | KY        |     75000 | PA      | $79998.00     | 0.02%             | 2029-12-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| SEALED AIR CORP                                      | Sealed Air Corp                                                                 | CUSIP: 812127AC2<br>LEI: Q0M0CZB4YN6JZ65WXI09 | Long             | DBT              | CORP              | US        |    900000 | PA      | $922455.90    | 0.22%             | 2032-07-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| STANDARD INDUSTRI INC/NY                             | Standard Industries Inc/NJ                                                      | CUSIP: 853496AC1<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |   2325000 | PA      | $2310617.78   | 0.54%             | 2027-02-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| TARGA RESOURCES PARTNERS                             | Targa Resources Partners LP / Targa Resources Partners Finance Corp             | CUSIP: 87612BBG6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    375000 | PA      | $374591.44    | 0.09%             | 2028-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                        | TransDigm Inc                                                                   | CUSIP: 893647BU0<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |    950000 | PA      | $966669.65    | 0.23%             | 2029-03-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| US Foods Holding Corp                                | US Foods Holding Corp                                                           | CUSIP: 912008109<br>LEI: 549300UGOZSO64CFPR97 | Long             | EC               | CORP              | US        |     11810 | NS      | $934407.20    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| USA COM PART/USA COM FIN                             | USA Compression Partners LP / USA Compression Finance Corp                      | CUSIP: 91740PAF5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2025000 | PA      | $2025673.72   | 0.47%             | 2027-09-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| VMED O2 UK FINAN                                     | Vmed O2 UK Financing I PLC                                                      | CUSIP: 92858RAA8<br>LEI: 213800MRR46ECNGZ7L69 | Long             | DBT              | CORP              | GB        |    250000 | PA      | $226418.03    | 0.05%             | 2031-01-31      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| WESCO DISTRIBUTION INC                               | WESCO Distribution Inc                                                          | CUSIP: 95081QAR5<br>LEI: 549300I2CEZJG9N4AH67 | Long             | DBT              | CORP              | US        |   1050000 | PA      | $1076229.18   | 0.25%             | 2032-03-15      | Fixed         | 6.63%                 | Yes           |                  2 | On Loan: No      |
| WESCO International Inc                              | WESCO International Inc                                                         | CUSIP: 95082P105<br>LEI: 529900TXOGREY3WNJ434 | Long             | EC               | CORP              | US        |      5935 | NS      | $996427.15    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| BRINK'S CO/THE                                       | Brink's Co/The                                                                  | CUSIP: 109696AC8<br>LEI: XFP140TFNOQMIVFTVQ13 | Long             | DBT              | CORP              | US        |    750000 | PA      | $765768.75    | 0.18%             | 2029-06-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| EXPAND ENERGY CORP                                   | Chesapeake Energy Corp                                                          | CUSIP: 165167DG9<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | DBT              | CORP              | US        |    175000 | PA      | $175679.18    | 0.04%             | 2029-02-01      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| EQT CORP                                             | EQT Corp                                                                        | CUSIP: 26884LAW9<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | DBT              | CORP              | US        |    809000 | PA      | $790763.87    | 0.18%             | 2029-01-15      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| FAIR ISAAC CORP                                      | Fair Isaac Corp                                                                 | CUSIP: 303250AG9<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | DBT              | CORP              | US        |    500000 | PA      | $500306.06    | 0.12%             | 2033-05-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| JONES DESLAURIERS INSURA                             | Jones Deslauriers Insurance Management Inc                                      | CUSIP: 48020RAB1<br>LEI: 549300JQIWNFU00E5424 | Long             | DBT              | CORP              | CA        |   1100000 | PA      | $1155889.90   | 0.27%             | 2030-03-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| LCM INVESTMENTS HOLDINGS                             | LCM Investments Holdings II LLC                                                 | CUSIP: 50190EAC8<br>LEI: 549300P5V78NNQTG4428 | Long             | DBT              | CORP              | US        |    900000 | PA      | $954944.10    | 0.22%             | 2031-08-01      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| PERFORMANCE FOOD GROUP I                             | Performance Food Group Inc                                                      | CUSIP: 71376LAE0<br>LEI: 549300OMUOGBYK0FFO76 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1050013.80   | 0.24%             | 2029-08-01      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| YUM! BRANDS INC                                      | Yum! Brands Inc                                                                 | CUSIP: 988498AP6<br>LEI: 549300JE8XHZZ7OHN517 | Long             | DBT              | CORP              | US        |    925000 | PA      | $878213.69    | 0.20%             | 2032-01-31      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| ARCHROCK PARTNERS LP/FIN                             | Archrock Partners LP / Archrock Partners Finance Corp                           | CUSIP: 03959KAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2100000 | PA      | $2104571.70   | 0.49%             | 2027-04-01      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| BLUE RACER MID LLC/FINAN                             | Blue Racer Midstream LLC / Blue Racer Finance Corp                              | CUSIP: 095796AJ7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    275000 | PA      | $284332.68    | 0.07%             | 2029-07-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| AHP HEALTH PARTN                                     | AHP Health Partners Inc                                                         | CUSIP: 00150LAB7<br>LEI: 549300QMM8MQ6SM5KX05 | Long             | DBT              | CORP              | US        |   1600000 | PA      | $1534079.04   | 0.36%             | 2029-07-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Ally Financial Inc                                   | Ally Financial Inc                                                              | CUSIP: 02005NBF6<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |    525000 | PA      | $525939.96    | 0.12%             | 2025-11-20      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| DUN & BRADSTREET CORP                                | Dun & Bradstreet Corp/The                                                       | CUSIP: 26483EAL4<br>LEI: RI37BMPWE56BCJ747E14 | Long             | DBT              | CORP              | US        |   1725000 | PA      | $1743333.30   | 0.41%             | 2029-12-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| FORTRESS INTERMEDIATE                                | Fortress Intermediate 3 Inc                                                     | CUSIP: 34966MAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    450000 | PA      | $465660.00    | 0.11%             | 2031-06-01      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| AXALTA COATING SYSTEMS D                             | Axalta Coating Systems Dutch Holding B BV                                       | CUSIP: 05455JAA5<br>LEI: 5493007DMEBZH3CQ5E51 | Long             | DBT              | CORP              | NL        |    350000 | PA      | $366538.90    | 0.09%             | 2031-02-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| BROADSTREET PARTNERS INC                             | BroadStreet Partners Inc                                                        | CUSIP: 11135RAA3<br>LEI: 549300BS9N54G8DD0R75 | Long             | DBT              | CORP              | US        |   4475000 | PA      | $4409562.97   | 1.03%             | 2029-04-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                               | CCO Holdings LLC / CCO Holdings Capital Corp                                    | CUSIP: 1248EPCK7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1150000 | PA      | $1054063.19   | 0.25%             | 2031-02-01      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYS                             | CHS/Community Health Systems Inc                                                | CUSIP: 12543DBG4<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |    675000 | PA      | $665544.33    | 0.16%             | 2027-03-15      | Fixed         | 5.63%                 | Yes           |                  2 | On Loan: No      |
| BOOST NEWCO BORROWER LLC                             | GTCR W-2 Merger Sub LLC                                                         | CUSIP: 36268NAA8<br>LEI: 254900S8RE1OL7TTCU64 | Long             | DBT              | CORP              | US        |   1875000 | PA      | $1985032.50   | 0.46%             | 2031-01-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| GRIFOLS SA                                           | Grifols Escrow Issuer SA                                                        | CUSIP: 39843UAA0<br>LEI: 959800HSSNXWRKBK4N60 | Long             | DBT              | CORP              | ES        |   2575000 | PA      | $2451258.63   | 0.57%             | 2028-10-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| CAESARS ENTERTAIN INC                                | Caesars Entertainment Inc                                                       | CUSIP: 12769GAA8<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |    600000 | PA      | $560784.46    | 0.13%             | 2029-10-15      | Fixed         | 4.63%                 | Yes           |                  2 | On Loan: No      |
| COMSTOCK RESOURCES INC                               | Comstock Resources Inc                                                          | CUSIP: 205768AS3<br>LEI: I03QQGEA4SS774AURI46 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1973022.20   | 0.46%             | 2029-03-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| ILLUMINATE BUYER/HLDG                                | Illuminate Buyer LLC / Illuminate Holdings IV Inc                               | CUSIP: 45232TAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1004034.00   | 0.23%             | 2028-07-01      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| Koppers Holdings Inc                                 | Koppers Holdings Inc                                                            | CUSIP: 50060P106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     29415 | NS      | $903628.80    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Dell Technologies Inc                                | Dell Technologies Inc                                                           | CUSIP: 24703L202<br>LEI: 549300TJB5YBRUPOG437 | Long             | EC               | CORP              | US        |      8970 | NS      | $998091.90    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| EDGEWELL PERSONAL CARE                               | Edgewell Personal Care Co                                                       | CUSIP: 28035QAB8<br>LEI: 549300CY8QZDL4Z3RU59 | Long             | DBT              | CORP              | US        |   1075000 | PA      | $1006699.02   | 0.23%             | 2029-04-01      | Fixed         | 4.13%                 | Yes           |                  2 | On Loan: No      |
| ENERGIZER HOLDINGS INC                               | Energizer Holdings Inc                                                          | CUSIP: 29272WAC3<br>LEI: 5493000D6NN0V57UME20 | Long             | DBT              | CORP              | US        |   1475000 | PA      | $1423729.59   | 0.33%             | 2028-06-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| KODIAK GAS SERVICES LLC                              | Kodiak Gas Services LLC                                                         | CUSIP: 50012LAC8<br>LEI: 549300ZQBRWEUOVOM131 | Long             | DBT              | CORP              | US        |    325000 | PA      | $333280.35    | 0.08%             | 2029-02-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| Lear Corp                                            | Lear Corp                                                                       | CUSIP: 521865204<br>LEI: 549300UPNBTXA1SYTQ33 | Long             | EC               | CORP              | US        |     11135 | NS      | $1006826.70   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| LIGHT & WONDER INTL INC                              | Light & Wonder International Inc                                                | CUSIP: 531968AA3<br>LEI: RLTHESQ0RNFQJWPBJN60 | Long             | DBT              | CORP              | US        |   1175000 | PA      | $1214964.10   | 0.28%             | 2031-09-01      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| MATADOR RESOURCES CO                                 | Matador Resources Co                                                            | CUSIP: 576485AH9<br>LEI: 549300CI3Q2UUK5R4G79 | Long             | DBT              | CORP              | US        |    125000 | PA      | $120717.14    | 0.03%             | 2033-04-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| MATCH GROUP HLD II LLC                               | Match Group Inc                                                                 | CUSIP: 57665RAL0<br>LEI: 5493003RFFE030RC9167 | Long             | DBT              | CORP              | US        |   1625000 | PA      | $1500950.59   | 0.35%             | 2030-08-01      | Fixed         | 4.13%                 | Yes           |                  2 | On Loan: No      |
| OPEN TEXT INC                                        | Open Text Holdings Inc                                                          | CUSIP: 683720AC0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1025000 | PA      | $929694.07    | 0.22%             | 2031-12-01      | Fixed         | 4.13%                 | Yes           |                  2 | On Loan: No      |
| RAVEN ACQUISITION HOLDIN                             | Raven Acquisition Holdings LLC                                                  | CUSIP: 75420NAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1097757.98   | 0.26%             | 2031-11-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| MILLENNIUM ESCROW CORP                               | Millennium Escrow Corp                                                          | CUSIP: 60041CAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    450000 | PA      | $370882.35    | 0.09%             | 2026-08-01      | Fixed         | 6.63%                 | Yes           |                  2 | On Loan: No      |
| SCRIPPS ESCROW INC                                   | Scripps Escrow Inc                                                              | CUSIP: 81104PAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    325000 | PA      | $275859.32    | 0.06%             | 2027-07-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| SEAWORLD PARKS & ENTERTA                             | SeaWorld Parks & Entertainment Inc                                              | CUSIP: 81282UAG7<br>LEI: 549300UZV72O3371JJ53 | Long             | DBT              | CORP              | US        |   1750000 | PA      | $1683266.03   | 0.39%             | 2029-08-15      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| SHIFT4 PAYMENTS LLC/FIN                              | Shift4 Payments LLC / Shift4 Payments Finance Sub Inc                           | CUSIP: 82453AAB3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    250000 | PA      | $255230.43    | 0.06%             | 2032-08-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                                | Tenet Healthcare Corp                                                           | CUSIP: 88033GDM9<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |   1150000 | PA      | $1105079.05   | 0.26%             | 2029-06-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                                | Tenet Healthcare Corp                                                           | CUSIP: 88033GDQ0<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |    350000 | PA      | $353866.91    | 0.08%             | 2030-06-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| TRIVIUM PACKAGING FIN                                | Trivium Packaging Finance BV                                                    | CUSIP: 89686QAD8<br>LEI: 724500GMZWW3PVYET548 | Long             | DBT              | CORP              | NL        |    450000 | PA      | $467263.42    | 0.11%             | 2030-07-15      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| SYNAPTICS INC                                        | Synaptics Inc                                                                   | CUSIP: 87157DAG4<br>LEI: 549300AJ3LI4FWNRQX29 | Long             | DBT              | CORP              | US        |    425000 | PA      | $396106.72    | 0.09%             | 2029-06-15      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| TTM TECHNOLOGIES INC                                 | TTM Technologies Inc                                                            | CUSIP: 87305RAK5<br>LEI: 549300SC4BDOIS008048 | Long             | DBT              | CORP              | US        |   1300000 | PA      | $1238189.03   | 0.29%             | 2029-03-01      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| TRANSDIGM INC                                        | TransDigm Inc                                                                   | CUSIP: 893647BY2<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1089550.84   | 0.25%             | 2033-05-31      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| Brink's Co/The                                       | Brink's Co/The                                                                  | CUSIP: 109696104<br>LEI: XFP140TFNOQMIVFTVQ13 | Long             | EC               | CORP              | US        |      8765 | NS      | $719255.90    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| IRON MOUNTAIN INC                                    | Iron Mountain Inc                                                               | CUSIP: 46284VAP6<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              |  | US        |    575000 | PA      | $594451.10    | 0.14%             | 2029-02-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| MEDLINE BORROWER LP                                  | Mozart Debt Merger Sub Inc                                                      | CUSIP: 62482BAB8<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |   4350000 | PA      | $4254406.14   | 0.99%             | 2029-10-01      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| GEN DIGITAL INC                                      | Gen Digital Inc                                                                 | CUSIP: 668771AM0<br>LEI: YF6ZV0M6AU4FY94MK914 | Long             | DBT              | CORP              | US        |    500000 | PA      | $506801.50    | 0.12%             | 2033-04-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| RANGE RESOURCES CORP                                 | Range Resources Corp                                                            | CUSIP: 75281ABK4<br>LEI: H3Y3WLYCX0BTO1TRW162 | Long             | DBT              | CORP              | US        |    350000 | PA      | $336640.40    | 0.08%             | 2030-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES                              | Royal Caribbean Cruises Ltd                                                     | CUSIP: 780153BU5<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |    700000 | PA      | $709887.50    | 0.17%             | 2032-03-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| STATION CASINOS LLC                                  | Station Casinos LLC                                                             | CUSIP: 857691AJ8<br>LEI: 5493004E7Q60TX54WL62 | Long             | DBT              | CORP              | US        |    525000 | PA      | $526047.90    | 0.12%             | 2032-03-15      | Fixed         | 6.63%                 | Yes           |                  2 | On Loan: No      |
| ADIENT GLOBAL HOLDINGS                               | Adient Global Holdings Ltd                                                      | CUSIP: 00687YAB1<br>LEI: 213800VA38VCKE6M8790 | Long             | DBT              | CORP              | JE        |    250000 | PA      | $255667.25    | 0.06%             | 2028-04-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| ALBERTSONS COS/SAFEWAY                               | Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC           | CUSIP: 01309QAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    175000 | PA      | $177843.23    | 0.04%             | 2033-03-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| AMWINS GROUP INC                                     | AmWINS Group Inc                                                                | CUSIP: 031921AB5<br>LEI: 549300SJE7MUB8NMRG61 | Long             | DBT              | CORP              | US        |   2750000 | PA      | $2636523.18   | 0.61%             | 2029-06-30      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                               | CCO Holdings LLC / CCO Holdings Capital Corp                                    | CUSIP: 1248EPCE1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1775000 | PA      | $1665537.17   | 0.39%             | 2030-08-15      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| Caesars Entertainment Inc                            | Caesars Entertainment Inc                                                       | CUSIP: 12769G100<br>LEI: 549300FA4CTCW903Y781 | Long             | EC               | CORP              | US        |     46305 | NS      | $1244678.40   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| CNTRL PARENT/CDK GLB INC                             | Central Parent Inc / Central Merger Sub Inc                                     | CUSIP: 15477CAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    300000 | PA      | $266032.38    | 0.06%             | 2029-06-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| CLEVELAND-CLIFFS INC                                 | Cleveland-Cliffs Inc                                                            | CUSIP: 185899AP6<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |    925000 | PA      | $799012.69    | 0.19%             | 2032-03-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| CONSENSUS CLOUD SOLUTION                             | Consensus Cloud Solutions Inc                                                   | CUSIP: 20848VAB1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1350000 | PA      | $1341980.46   | 0.31%             | 2028-10-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| COREWEAVE INC                                        | CoreWeave Inc                                                                   | CUSIP: 21873SAB4<br>LEI: 984500511DP2B6186053 | Long             | DBT              | CORP              | US        |    475000 | PA      | $474885.09    | 0.11%             | 2030-06-01      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| CAESARS ENTERTAIN INC                                | Colt Merger Sub Inc                                                             | CUSIP: 28470RAK8<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |    525000 | PA      | $526099.35    | 0.12%             | 2027-07-01      | Fixed         | 8.13%                 | Yes           |                  2 | On Loan: No      |
| ELLUCIAN HOLDINGS INC                                | Ellucian Holdings Inc                                                           | CUSIP: 289178AA3<br>LEI: 549300RP8NIJ7FY7OS79 | Long             | DBT              | CORP              | US        |    325000 | PA      | $329042.03    | 0.08%             | 2029-12-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| HF SINCLAIR CORP                                     | HF Sinclair Corp                                                                | CUSIP: 403949AQ3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1125000 | PA      | $1119827.71   | 0.26%             | 2028-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HERC HOLDINGS ESCROW INC                             | Herc Holdings Escrow Inc                                                        | CUSIP: 42703NAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    325000 | PA      | $334718.12    | 0.08%             | 2033-06-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| IHO VERWALTUNGS GMBH                                 | IHO Verwaltungs GmbH                                                            | CUSIP: 44963BAG3<br>LEI: 529900JL0HDVGZMUJF32 | Long             | DBT              | CORP              | DE        |   1950000 | PA      | $1954307.55   | 0.46%             | 2032-11-15      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| MGM RESORTS INTL                                     | MGM Resorts International                                                       | CUSIP: 552953CJ8<br>LEI: 54930066VBP7DZEGGJ87 | Long             | DBT              | CORP              | US        |   1375000 | PA      | $1373181.04   | 0.32%             | 2032-04-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ATHENAHEALTH GROUP INC                               | Minerva Merger Sub Inc                                                          | CUSIP: 60337JAA4<br>LEI: 254900AA3KZN4Q7A5Z33 | Long             | DBT              | CORP              | US        |   4400000 | PA      | $4243239.00   | 0.99%             | 2030-02-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| NAVIENT CORP                                         | Navient Corp                                                                    | CUSIP: 63938CAM0<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |    825000 | PA      | $794376.83    | 0.19%             | 2029-03-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| 1011778 BC / NEW RED FIN                             | 1011778 BC ULC / New Red Finance Inc                                            | CUSIP: 68245XAR0<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    325000 | PA      | $331753.18    | 0.08%             | 2029-06-15      | Fixed         | 6.13%                 | Yes           |                  2 | On Loan: No      |
| OUTFRONT MEDIA CAP LLC/C                             | Outfront Media Capital LLC / Outfront Media Capital Corp                        | CUSIP: 69007TAG9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1056678.00   | 0.25%             | 2031-02-15      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| CLARIOS GLOBAL LP/US FIN                             | Panther BF Aggregator 2 LP / Panther Finance Co Inc                             | CUSIP: 69867DAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |   5700000 | PA      | $5735305.80   | 1.34%             | 2027-05-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| PRECISION DRILLING CORP                              | Precision Drilling Corp                                                         | CUSIP: 740212AM7<br>LEI: 549300WF2OE8T5BP4B84 | Long             | DBT              | CORP              | CA        |    625000 | PA      | $600780.06    | 0.14%             | 2029-01-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| RHP HOTEL PPTY/RHP FINAN                             | RHP Hotel Properties LP / RHP Finance Corp                                      | CUSIP: 749571AJ4<br>LEI: N/A                  | Long             | DBT              |  | US        |    275000 | PA      | $283717.23    | 0.07%             | 2028-07-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| ROCKETMTGE CO-ISSUER INC                             | Rocket Mortgage LLC / Rocket Mortgage Co-Issuer Inc                             | CUSIP: 77313LAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    875000 | PA      | $847931.96    | 0.20%             | 2026-10-15      | Fixed         | 2.88%                 | Yes           |                  2 | On Loan: No      |
| SM Energy Co                                         | SM Energy Co                                                                    | CUSIP: 78454LAN0<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $999175.20    | 0.23%             | 2026-09-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| STANDARD BUILDING SOLUTI                             | Standard Industries Inc/NJ                                                      | CUSIP: 853191AA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    250000 | PA      | $254063.00    | 0.06%             | 2032-08-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| TRANSDIGM INC                                        | TransDigm Inc                                                                   | CUSIP: 893647BS5<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |   1350000 | PA      | $1393123.05   | 0.32%             | 2030-12-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| UKG INC                                              | UKG Inc                                                                         | CUSIP: 90279XAA0<br>LEI: 529900FKHWSTQ1GXK240 | Long             | DBT              | CORP              | US        |   1300000 | PA      | $1340378.00   | 0.31%             | 2031-02-01      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| UNITED RENTALS NORTH AM                              | United Rentals North America Inc                                                | CUSIP: 911365BG8<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |    575000 | PA      | $569258.25    | 0.13%             | 2028-01-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| USA COM PART/USA COM FIN                             | USA Compression Partners LP / USA Compression Finance Corp                      | CUSIP: 91740PAG3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    550000 | PA      | $559122.30    | 0.13%             | 2029-03-15      | Fixed         | 7.13%                 | Yes           |                  2 | On Loan: No      |
| VZ SECURED FINANCING BV                              | VZ Secured Financing BV                                                         | CUSIP: 91845AAA3<br>LEI: 549300MG611MYCOWY949 | Long             | DBT              | CORP              | NL        |   1725000 | PA      | $1492266.45   | 0.35%             | 2032-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WHITE CAP BUYER LLC                                  | White Cap Buyer LLC                                                             | CUSIP: 96350RAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1700000 | PA      | $1667917.26   | 0.39%             | 2028-10-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| Axalta Coating Systems Ltd                           | Axalta Coating Systems Ltd                                                      | CUSIP: 000000000<br>LEI: 529900AGLPA40GV6H619 | Long             | EC               | CORP              | BM        |     18855 | NS      | $580734.00    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| LCM INVESTMENTS HOLDINGS                             | LCM Investments Holdings II LLC                                                 | CUSIP: 50190EAA2<br>LEI: 549300P5V78NNQTG4428 | Long             | DBT              | CORP              | US        |    500000 | PA      | $482060.75    | 0.11%             | 2029-05-01      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| 1011778 BC / NEW RED FIN                             | 1011778 BC ULC / New Red Finance Inc                                            | CUSIP: 68245XAM1<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |   5775000 | PA      | $5317894.37   | 1.24%             | 2030-10-15      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| PATRICK INDUSTRIES INC                               | Patrick Industries Inc                                                          | CUSIP: 703343AH6<br>LEI: 549300FZ5ZTCCJ3Z5W14 | Long             | DBT              | CORP              | US        |    975000 | PA      | $961917.74    | 0.22%             | 2032-11-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| LIGHT & WONDER INTL INC                              | Scientific Games International Inc                                              | CUSIP: 80874YBE9<br>LEI: RLTHESQ0RNFQJWPBJN60 | Long             | DBT              | CORP              | US        |    550000 | PA      | $566205.75    | 0.13%             | 2029-11-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| ALLIANT HOLD / CO-ISSUER                             | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer                  | CUSIP: 01883LAF0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1535203.50   | 0.36%             | 2031-01-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| ANTERO RESOURCES CORP                                | Antero Resources Corp                                                           | CUSIP: 03674XAS5<br>LEI: APVBKPOULHUX7YZLKU17 | Long             | DBT              | CORP              | US        |    500000 | PA      | $492319.45    | 0.11%             | 2030-03-01      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| ARDAGH PKG FIN/HLDGS USA                             | Ardagh Packaging Finance PLC / Ardagh Holdings USA Inc                          | CUSIP: 03969AAR1<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |   1025000 | PA      | $467312.88    | 0.11%             | 2027-08-15      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| ARDONAGH GROUP FINANCE                               | Ardonagh Group Finance Ltd                                                      | CUSIP: 039956AA5<br>LEI: 254900SRT1BTAJ76NW62 | Long             | DBT              | CORP              | JE        |   4475000 | PA      | $4627883.90   | 1.08%             | 2032-02-15      | Fixed         | 8.88%                 | Yes           |                  2 | On Loan: No      |
| ASCENT RESOURCES/ARU FIN                             | Ascent Resources Utica Holdings LLC / ARU Finance Corp                          | CUSIP: 04364VAX1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    550000 | PA      | $553645.40    | 0.13%             | 2032-10-15      | Fixed         | 6.63%                 | Yes           |                  2 | On Loan: No      |
| Ashland Inc                                          | Ashland Global Holdings Inc                                                     | CUSIP: 044186104<br>LEI: 529900E4L9R04SB8HB11 | Long             | EC               | CORP              | US        |     13105 | NS      | $648828.55    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| AVANTOR FUNDING INC                                  | Avantor Funding Inc                                                             | CUSIP: 05352TAA7<br>LEI: 5493003VM0XB4U8YD238 | Long             | DBT              | CORP              | US        |   1075000 | PA      | $1048386.12   | 0.24%             | 2028-07-15      | Fixed         | 4.63%                 | Yes           |                  2 | On Loan: No      |
| AXALTA COAT/DUTCH HLD BV                             | Axalta Coating Systems LLC / Axalta Coating Systems Dutch Holding B BV          | CUSIP: 05454NAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    350000 | PA      | $346581.94    | 0.08%             | 2027-06-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                               | CCO Holdings LLC / CCO Holdings Capital Corp                                    | CUSIP: 1248EPCL5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    775000 | PA      | $689848.74    | 0.16%             | 2033-06-01      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                               | CCO Holdings LLC / CCO Holdings Capital Corp                                    | CUSIP: 1248EPCQ4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    450000 | PA      | $416869.34    | 0.10%             | 2032-02-01      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| CP ATLAS BUYER INC                                   | CP Atlas Buyer Inc                                                              | CUSIP: 12597YAA7<br>LEI: 2549006ZZ07G0NDDCR36 | Long             | DBT              | CORP              | US        |   2350000 | PA      | $1953193.10   | 0.46%             | 2028-12-01      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| CSC Holdings LLC                                     | CSC Holdings LLC                                                                | CUSIP: 126307AQ0<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |   1375000 | PA      | $1303444.18   | 0.30%             | 2027-04-15      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| CACI INTERNATIONAL INC                               | CACI International Inc                                                          | CUSIP: 127190AE6<br>LEI: SYRPI2D1O9WRTS2WX210 | Long             | DBT              | CORP              | US        |    325000 | PA      | $331724.25    | 0.08%             | 2033-06-15      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| CALPINE CORP                                         | Calpine Corp                                                                    | CUSIP: 131347CQ7<br>LEI: 43R4VPJBXTU2O15HEF41 | Long             | DBT              | CORP              | US        |    450000 | PA      | $436813.97    | 0.10%             | 2031-02-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| CELANESE US HOLDINGS LLC                             | Celanese US Holdings LLC                                                        | CUSIP: 15089QAZ7<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |    450000 | PA      | $453848.85    | 0.11%             | 2030-04-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| CHAMP ACQUISITION CORP                               | Champ Acquisition Corp                                                          | CUSIP: 15807XAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    550000 | PA      | $578865.10    | 0.14%             | 2031-12-01      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| CIVITAS RESOURCES INC                                | Civitas Resources Inc                                                           | CUSIP: 17888HAC7<br>LEI: IIVIHPH28S64K95M2381 | Long             | DBT              | CORP              | US        |    325000 | PA      | $320793.04    | 0.07%             | 2030-11-01      | Fixed         | 8.63%                 | Yes           |                  2 | On Loan: No      |
| CLOUD SOFTWARE GRP INC                               | Cloud Software Group Inc                                                        | CUSIP: 18912UAA0<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |   1400000 | PA      | $1434060.60   | 0.33%             | 2029-09-30      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| CLYDESDALE ACQUISITION                               | Clydesdale Acquisition Holdings Inc                                             | CUSIP: 18972EAB1<br>LEI: 254900QKSDYFR3K5YD98 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2046882.00   | 0.48%             | 2030-04-15      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| CLYDESDALE ACQUISITION                               | Clydesdale Acquisition Holdings Inc                                             | CUSIP: 18972EAC9<br>LEI: 254900QKSDYFR3K5YD98 | Long             | DBT              | CORP              | US        |    550000 | PA      | $558415.00    | 0.13%             | 2030-01-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| COMSTOCK RESOURCES INC                               | Comstock Resources Inc                                                          | CUSIP: 205768AT1<br>LEI: I03QQGEA4SS774AURI46 | Long             | DBT              | CORP              | US        |    225000 | PA      | $212972.45    | 0.05%             | 2030-01-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| CONCENTRA HEALTH SERVICE                             | Concentra Escrow Issuer Corp                                                    | CUSIP: 20600DAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    300000 | PA      | $309023.10    | 0.07%             | 2032-07-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| CONSENSUS CLOUD SOLUTION                             | Consensus Cloud Solutions Inc                                                   | CUSIP: 20848VAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1050000 | PA      | $1042151.25   | 0.24%             | 2026-10-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| EMRLD BOR / EMRLD CO-ISS                             | EMRLD Borrower LP / Emerald Co-Issuer Inc                                       | CUSIP: 26873CAB8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    175000 | PA      | $179235.18    | 0.04%             | 2031-07-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Ecovyst Inc                                          | Ecovyst Inc                                                                     | CUSIP: 27923Q109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     71620 | NS      | $533569.00    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| ELASTIC NV                                           | Elastic NV                                                                      | CUSIP: 28415LAA1<br>LEI: 2549003I48WHHH937I59 | Long             | DBT              | CORP              | NL        |   1850000 | PA      | $1736233.21   | 0.40%             | 2029-07-15      | Fixed         | 4.13%                 | Yes           |                  2 | On Loan: No      |
| ENPRO INC                                            | Enpro Inc                                                                       | CUSIP: 29355XAH0<br>LEI: 549300Y5CFT2LKCFDN54 | Long             | DBT              | CORP              | US        |    225000 | PA      | $227235.92    | 0.05%             | 2033-06-01      | Fixed         | 6.13%                 | Yes           |                  2 | On Loan: No      |
| ENTEGRIS INC                                         | Entegris Inc                                                                    | CUSIP: 29362UAD6<br>LEI: IYX6OWO7BT5DKO3BYG52 | Long             | DBT              | CORP              | US        |    250000 | PA      | $233362.70    | 0.05%             | 2029-05-01      | Fixed         | 3.63%                 | Yes           |                  2 | On Loan: No      |
| ENTEGRIS INC                                         | Entegris Escrow Corp                                                            | CUSIP: 29365BAB9<br>LEI: IYX6OWO7BT5DKO3BYG52 | Long             | DBT              | CORP              | US        |   1700000 | PA      | $1702573.80   | 0.40%             | 2030-06-15      | Fixed         | 5.95%                 | Yes           |                  2 | On Loan: No      |
| Federated Core Trust - Federated Bank Loan Core Fund | FEDERATED CORE TR FEDERATED BANK LOAN CORE FUND                                 | CUSIP: 31409N804<br>LEI: 549300FJK5JF0KIC2N83 | Long             | EC               | RF                | US        |    917228 | NS      | $7878984.23   | 1.84%             |  |  |  | No            |                  1 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                             | Ford Motor Credit Co LLC                                                        | CUSIP: 345397B28<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   2050000 | PA      | $2033966.13   | 0.47%             | 2025-11-13      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| GAP INC/THE                                          | Gap Inc/The                                                                     | CUSIP: 364760AP3<br>LEI: T2ZG1WRWZ4BUCMQL9224 | Long             | DBT              | CORP              | US        |    675000 | PA      | $617216.29    | 0.14%             | 2029-10-01      | Fixed         | 3.63%                 | Yes           |                  2 | On Loan: No      |
| NEOGEN FOOD SAFE CORP                                | Garden Spinco Corp                                                              | CUSIP: 365417AA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    825000 | PA      | $860892.45    | 0.20%             | 2030-07-20      | Fixed         | 8.63%                 | Yes           |                  2 | On Loan: No      |
| GATES CORPORATION/DE                                 | Gates Corp/The                                                                  | CUSIP: 367398AA2<br>LEI: 984500F43C791F4C7894 | Long             | DBT              | CORP              | US        |   1175000 | PA      | $1205560.69   | 0.28%             | 2029-07-01      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| GOAT HOLDCO LLC                                      | Goat Holdco LLC                                                                 | CUSIP: 38021MAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    350000 | PA      | $348906.25    | 0.08%             | 2032-02-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| GRAPHIC PACKAGING INTERN                             | Graphic Packaging International LLC                                             | CUSIP: 38869AAD9<br>LEI: SO75N4VY5NXGQSK8YQ65 | Long             | DBT              | CORP              | US        |    125000 | PA      | $115342.19    | 0.03%             | 2030-02-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| GRAY MEDIA INC                                       | Gray Television Inc                                                             | CUSIP: 389375AL0<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |    750000 | PA      | $544687.50    | 0.13%             | 2030-10-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| GROUP 1 AUTOMOTIVE INC                               | Group 1 Automotive Inc                                                          | CUSIP: 398905AQ2<br>LEI: 549300US8QAZJLWYAF63 | Long             | DBT              | CORP              | US        |    250000 | PA      | $255066.50    | 0.06%             | 2030-01-15      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| HUB INTERNATIONAL LTD                                | HUB International Ltd                                                           | CUSIP: 44332PAJ0<br>LEI: 549300JQT6ATTUNS5E06 | Long             | DBT              | CORP              | US        |   1800000 | PA      | $1879603.20   | 0.44%             | 2032-01-31      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| KONTOOR BRANDS INC                                   | Kontoor Brands Inc                                                              | CUSIP: 50050NAA1<br>LEI: 549300M0CPXV65RFF271 | Long             | DBT              | CORP              | US        |    375000 | PA      | $345509.74    | 0.08%             | 2029-11-15      | Fixed         | 4.13%                 | Yes           |                  2 | On Loan: No      |
| MADISON IAQ LLC                                      | Madison IAQ LLC                                                                 | CUSIP: 55760LAB3<br>LEI: 549300IXDNBXNHUPBU73 | Long             | DBT              | CORP              | US        |   3750000 | PA      | $3630583.13   | 0.85%             | 2029-06-30      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| MATADOR RESOURCES CO                                 | Matador Resources Co                                                            | CUSIP: 576485AG1<br>LEI: 549300CI3Q2UUK5R4G79 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $1176043.68   | 0.27%             | 2032-04-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| MIDAS OPCO HOLDINGS LLC                              | MIDAS OPCO HOLDINGS LLC                                                         | CUSIP: 59565JAA9<br>LEI: 984500904E015Z0C1F82 | Long             | DBT              | CORP              | US        |   3175000 | PA      | $2987921.38   | 0.70%             | 2029-08-15      | Fixed         | 5.63%                 | Yes           |                  2 | On Loan: No      |
| NCR VOYIX CORP                                       | NCR Corp                                                                        | CUSIP: 62886EAY4<br>LEI: 549300YKTY8JX1DV2R67 | Long             | DBT              | CORP              | US        |    880000 | PA      | $868657.59    | 0.20%             | 2028-10-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| NCL CORPORATION LTD                                  | NCL Corp Ltd                                                                    | CUSIP: 62886HBA8<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |     99000 | PA      | $99124.44     | 0.02%             | 2026-03-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| XPLR INFRAST OPERATING                               | NextEra Energy Operating Partners LP                                            | CUSIP: 65342QAM4<br>LEI: 549300KJEC5IUVJWR786 | Long             | DBT              | CORP              | US        |    875000 | PA      | $879984.88    | 0.21%             | 2029-01-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| OPEN TEXT CORP                                       | Open Text Corp                                                                  | CUSIP: 683715AC0<br>LEI: 549300HP7ONDQODZJV16 | Long             | DBT              | CORP              | CA        |    350000 | PA      | $335573.81    | 0.08%             | 2028-02-15      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| ORGANON & CO/ORGANON FOR                             | Organon & Co / Organon Foreign Debt Co-Issuer BV                                | CUSIP: 68622FAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    375000 | PA      | $323888.26    | 0.08%             | 2034-05-15      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| PERMIAN RESOURC OPTG LLC                             | Permian Resources Operating LLC                                                 | CUSIP: 71424VAB6<br>LEI: 5493004CTVUMQLRPOE23 | Long             | DBT              | CORP              | US        |    350000 | PA      | $345627.52    | 0.08%             | 2033-02-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| QXO BUILDING PRODUCTS                                | Beacon Roofing Supply Inc                                                       | CUSIP: 74825NAA5<br>LEI: 549300HDXQWWCBOYXP31 | Long             | DBT              | CORP              | US        |    975000 | PA      | $1002153.62   | 0.23%             | 2032-04-30      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| SPX FLOW INC                                         | Redwood Star Merger Sub Inc                                                     | CUSIP: 758071AA2<br>LEI: 5493003YXEKRBINIEM78 | Long             | DBT              | CORP              | US        |   1975000 | PA      | $2034550.20   | 0.47%             | 2030-04-01      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| SM ENERGY CO                                         | SM Energy Co                                                                    | CUSIP: 78454LAX8<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | DBT              | CORP              | US        |    350000 | PA      | $343218.44    | 0.08%             | 2029-08-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| SEALED AIR CORP                                      | Sealed Air Corp                                                                 | CUSIP: 81211KBA7<br>LEI: Q0M0CZB4YN6JZ65WXI09 | Long             | DBT              | CORP              | US        |    725000 | PA      | $712348.75    | 0.17%             | 2029-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SEALED AIR/SEALED AIR US                             | Sealed Air Corp/Sealed Air Corp US                                              | CUSIP: 812127AA6<br>LEI: Q0M0CZB4YN6JZ65WXI09 | Long             | DBT              | CORP              | US        |    300000 | PA      | $303543.60    | 0.07%             | 2028-02-01      | Fixed         | 6.13%                 | Yes           |                  2 | On Loan: No      |
| SENSATA TECH INC                                     | Sensata Technologies Inc                                                        | CUSIP: 81728UAA2<br>LEI: 5493002MMDDCUNV7NY90 | Long             | DBT              | CORP              | US        |    475000 | PA      | $447119.35    | 0.10%             | 2030-02-15      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| Stagwell Inc                                         | Stagwell Inc                                                                    | CUSIP: 85256A109<br>LEI: 549300KIYTU6J3NYJ009 | Long             | EC               | CORP              | US        |     49850 | NS      | $222331.00    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| STATION CASINOS LLC                                  | Station Casinos LLC                                                             | CUSIP: 857691AG4<br>LEI: 5493004E7Q60TX54WL62 | Long             | DBT              | CORP              | US        |    325000 | PA      | $315405.26    | 0.07%             | 2028-02-15      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| COHERENT CORP                                        | II-VI Inc                                                                       | CUSIP: 902104AC2<br>LEI: 549300O5C25A0MMHHU33 | Long             | DBT              | CORP              | US        |   1650000 | PA      | $1600555.44   | 0.37%             | 2029-12-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| US FOODS INC                                         | US Foods Inc                                                                    | CUSIP: 90290MAG6<br>LEI: 5493000JOOFAOUY1JZ87 | Long             | DBT              | CORP              | US        |    425000 | PA      | $437529.85    | 0.10%             | 2028-09-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| USI INC/NY                                           | USI Inc/NY                                                                      | CUSIP: 90346KAB5<br>LEI: 2549006D7UF7072T7I27 | Long             | DBT              | CORP              | US        |   2600000 | PA      | $2728593.40   | 0.64%             | 2032-01-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| UNITED RENTALS NORTH AM                              | United Rentals North America Inc                                                | CUSIP: 911365BN3<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |    925000 | PA      | $869039.07    | 0.20%             | 2030-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| UNIVISION COMMUNICATIONS                             | Univision Communications Inc                                                    | CUSIP: 914906AX0<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |    400000 | PA      | $374224.00    | 0.09%             | 2030-06-30      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| VISTRA OPERATIONS CO LLC                             | Vistra Operations Co LLC                                                        | CUSIP: 92840VAP7<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |    375000 | PA      | $397861.11    | 0.09%             | 2031-10-15      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| VMED O2 UK FINAN                                     | Vmed O2 UK Financing I PLC                                                      | CUSIP: 92858RAB6<br>LEI: 213800MRR46ECNGZ7L69 | Long             | DBT              | CORP              | GB        |   1775000 | PA      | $1631427.71   | 0.38%             | 2031-07-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| XPLR INFRAST OPERATING                               | XPLR Infrastructure Operating Partners LP                                       | CUSIP: 98380MAB1<br>LEI: 549300KJEC5IUVJWR786 | Long             | DBT              | CORP              | US        |    900000 | PA      | $944815.50    | 0.22%             | 2033-03-15      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| ARD FINANCE SA                                       | ARD Finance SA                                                                  | CUSIP: 00191AAD8<br>LEI: 6354006P6QPGGPVJW880 | Long             | DBT              | CORP              | LU        |   1159480 | PA      | $46379.20     | 0.01%             | 2027-06-30      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| AMERICAN AIRLINES/AADVAN                             | American Airlines Inc/AAdvantage Loyalty IP Ltd                                 | CUSIP: 00253XAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    233333 | PA      | $233080.51    | 0.05%             | 2026-04-20      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| ACADEMY LTD                                          | Academy Ltd                                                                     | CUSIP: 00401YAA8<br>LEI: 549300BN53IR80C35Z14 | Long             | DBT              | CORP              | US        |    600000 | PA      | $601912.20    | 0.14%             | 2027-11-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| ALBERTSONS COS/SAFEWAY                               | Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC           | CUSIP: 013092AG6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    575000 | PA      | $540824.30    | 0.13%             | 2029-03-15      | Fixed         | 3.50%                 | Yes           |                  2 | On Loan: No      |
| ABC SUPPLY CO INC                                    | American Builders & Contractors Supply Co Inc                                   | CUSIP: 024747AF4<br>LEI: 549300H5GQ4C1BEKG397 | Long             | DBT              | CORP              | US        |   1550000 | PA      | $1497466.78   | 0.35%             | 2028-01-15      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| ABC SUPPLY CO INC                                    | American Builders & Contractors Supply Co Inc                                   | CUSIP: 024747AG2<br>LEI: 549300H5GQ4C1BEKG397 | Long             | DBT              | CORP              | US        |    200000 | PA      | $186463.12    | 0.04%             | 2029-11-15      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| ANTERO MIDSTREAM PART/FI                             | Antero Midstream Partners LP / Antero Midstream Finance Corp                    | CUSIP: 03690AAD8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1950000 | PA      | $1949521.47   | 0.45%             | 2027-03-01      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| ANTERO MIDSTREAM PART/FI                             | Antero Midstream Partners LP / Antero Midstream Finance Corp                    | CUSIP: 03690AAF3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1350000 | PA      | $1345637.88   | 0.31%             | 2028-01-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| ASBURY AUTOMOTIVE GROUP                              | Asbury Automotive Group Inc                                                     | CUSIP: 043436AX2<br>LEI: 549300JH4DTA7U42GL91 | Long             | DBT              | CORP              | US        |   1425000 | PA      | $1331731.61   | 0.31%             | 2032-02-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| ASCENT RESOURCES/ARU FIN                             | Ascent Resources Utica Holdings LLC / ARU Finance Corp                          | CUSIP: 04364VAR4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $507909.00    | 0.12%             | 2028-12-31      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| ASSUREDPARTNERS INC                                  | AssuredPartners Inc                                                             | CUSIP: 04624VAB5<br>LEI: 549300HNDSDQWQ3L2P80 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2006859.60   | 0.47%             | 2029-01-15      | Fixed         | 5.63%                 | Yes           |                  2 | On Loan: No      |
| ASSUREDPARTNERS INC                                  | AssuredPartners Inc                                                             | CUSIP: 04624VAC3<br>LEI: 549300HNDSDQWQ3L2P80 | Long             | DBT              | CORP              | US        |    475000 | PA      | $508827.13    | 0.12%             | 2032-02-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| AUDACY INC                                           | AUDACY INC                                                                      | CUSIP: 05070N301<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5058 | NS      | $101109.42    | 0.02%             |  |  |  | No            |                  3 | On Loan: No      |
| BALDWIN INSUR GRP/FIN                                | Baldwin Insurance Group Holdings LLC / Baldwin Insurance Group Holdings Finance | CUSIP: 05825XAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1625000 | PA      | $1676327.25   | 0.39%             | 2031-05-15      | Fixed         | 7.13%                 | Yes           |                  2 | On Loan: No      |
| BALL CORP                                            | Ball Corp                                                                       | CUSIP: 058498AY2<br>LEI: 0BGI85ALH27ZJP15DY16 | Long             | DBT              | CORP              | US        |    350000 | PA      | $358681.75    | 0.08%             | 2028-03-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| BAUSCH HEALTH COS INC                                | Bausch Health Cos Inc                                                           | CUSIP: 071734AN7<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | DBT              | CORP              | CA        |    500000 | PA      | $408537.50    | 0.10%             | 2028-06-01      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| Boyd Gaming Corp                                     | Boyd Gaming Corp                                                                | CUSIP: 103304101<br>LEI: 254900787YGRYS2A1Z35 | Long             | EC               | CORP              | US        |     11935 | NS      | $894766.95    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| BOYD GAMING CORP                                     | Boyd Gaming Corp                                                                | CUSIP: 103304BU4<br>LEI: 254900787YGRYS2A1Z35 | Long             | DBT              | CORP              | US        |    400000 | PA      | $394876.48    | 0.09%             | 2027-12-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| BOYD GAMING CORP                                     | Boyd Gaming Corp                                                                | CUSIP: 103304BV2<br>LEI: 254900787YGRYS2A1Z35 | Long             | DBT              | CORP              | US        |    925000 | PA      | $866904.02    | 0.20%             | 2031-06-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                               | CCO Holdings LLC / CCO Holdings Capital Corp                                    | CUSIP: 1248EPBX0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1425000 | PA      | $1398568.67   | 0.33%             | 2028-02-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                               | CCO Holdings LLC / CCO Holdings Capital Corp                                    | CUSIP: 1248EPCD3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1200000 | PA      | $1146292.92   | 0.27%             | 2030-03-01      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| CHURCHILL DOWNS INC                                  | Churchill Downs Inc                                                             | CUSIP: 12511VAA6<br>LEI: 529900FODTBQC8MIS994 | Long             | DBT              | CORP              | US        |    700000 | PA      | $690650.32    | 0.16%             | 2030-04-01      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| CDW Corp/DE                                          | CDW Corp/DE                                                                     | CUSIP: 12514G108<br>LEI: 9845001B052ABF0B6755 | Long             | EC               | CORP              | US        |      5150 | NS      | $928854.00    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| CNX RESOURCES CORP                                   | CNX Resources Corp                                                              | CUSIP: 12653CAL2<br>LEI: 549300JK3KH8PWM3B226 | Long             | DBT              | CORP              | US        |    150000 | PA      | $152955.45    | 0.04%             | 2032-03-01      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| CNX MIDSTREAM PART LP                                | CNX Midstream Partners LP                                                       | CUSIP: 12654AAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1550000 | PA      | $1438265.15   | 0.34%             | 2030-04-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| CAESARS ENTERTAIN INC                                | Caesars Entertainment Inc                                                       | CUSIP: 12769GAB6<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |    225000 | PA      | $231019.88    | 0.05%             | 2030-02-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| CALPINE CORP                                         | Calpine Corp                                                                    | CUSIP: 131347CR5<br>LEI: 43R4VPJBXTU2O15HEF41 | Long             | DBT              | CORP              | US        |    300000 | PA      | $278654.52    | 0.06%             | 2031-03-01      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| CAMELOT RETURN MERGER SU                             | Camelot Return Merger Sub Inc                                                   | CUSIP: 13323NAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    425000 | PA      | $376501.13    | 0.09%             | 2028-08-01      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| CAPSTONE BORROWER INC                                | Capstone Borrower Inc                                                           | CUSIP: 140944AA7<br>LEI: 254900YSP2BAI3YKIX08 | Long             | DBT              | CORP              | US        |   1775000 | PA      | $1835078.43   | 0.43%             | 2030-06-15      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| CARNIVAL CORP                                        | Carnival Corp                                                                   | CUSIP: 143658BY7<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |    650000 | PA      | $651924.65    | 0.15%             | 2030-03-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| ESC CB CHESAPEAKE ENER                               | ESC CB CHESAPEAKE ENER 10/24 7                                                  | CUSIP: 165ESCAF1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1275000 | PA      | $5100.00      | 0.00%             | 2024-10-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| CHURCHILL DOWNS INC                                  | Churchill Downs Inc                                                             | CUSIP: 171484AJ7<br>LEI: 529900FODTBQC8MIS994 | Long             | DBT              | CORP              | US        |   1175000 | PA      | $1198142.80   | 0.28%             | 2031-05-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| CIENA CORP                                           | Ciena Corp                                                                      | CUSIP: 171779AL5<br>LEI: W0CZ7N0GH8UIGXDM1H41 | Long             | DBT              | CORP              | US        |    275000 | PA      | $256224.57    | 0.06%             | 2030-01-31      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| CLARIOS GLOBAL LP/US FIN                             | Clarios Global LP / Clarios US Finance Co                                       | CUSIP: 18060TAD7<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    225000 | PA      | $229332.38    | 0.05%             | 2030-02-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CLARIV SCI HLD CORP                                  | Clarivate Science Holdings Corp                                                 | CUSIP: 18064PAD1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1750000 | PA      | $1620092.78   | 0.38%             | 2029-07-01      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| CLEVELAND-CLIFFS INC                                 | Cleveland-Cliffs Inc                                                            | CUSIP: 185899AK7<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |    900000 | PA      | $805368.69    | 0.19%             | 2029-03-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| CLEVELAND-CLIFFS INC                                 | Cleveland-Cliffs Inc                                                            | CUSIP: 185899AN1<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |    725000 | PA      | $651755.69    | 0.15%             | 2030-04-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| CLEVELAND-CLIFFS INC                                 | Cleveland-Cliffs Inc                                                            | CUSIP: 185899AR2<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |    300000 | PA      | $257978.06    | 0.06%             | 2033-05-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| CLEVELAND-CLIFFS INC                                 | Cleveland-Cliffs Inc                                                            | CUSIP: 185899AS0<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |    250000 | PA      | $225058.90    | 0.05%             | 2031-09-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| COEUR MINING INC                                     | Coeur Mining Inc                                                                | CUSIP: 192108BC1<br>LEI: 5493003AVK173D48DR70 | Long             | DBT              | CORP              | US        |   1675000 | PA      | $1613532.36   | 0.38%             | 2029-02-15      | Fixed         | 5.13%                 | Yes           |                  2 | On Loan: No      |
| DT MIDSTREAM INC                                     | DT Midstream Inc                                                                | CUSIP: 23345MAB3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    725000 | PA      | $677598.41    | 0.16%             | 2031-06-15      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| Devon Energy Corp                                    | Devon Energy Corp                                                               | CUSIP: 25179M103<br>LEI: 54930042348RKR3ZPN35 | Long             | EC               | CORP              | US        |     27233 | NS      | $824070.58    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| OLYMPUS WTR US HLDG CORP                             | Olympus Water US Holding Corp                                                   | CUSIP: 25259KAA8<br>LEI: 549300YU2GGVCBN3MY89 | Long             | DBT              | CORP              | US        |    925000 | PA      | $970987.30    | 0.23%             | 2028-11-15      | Fixed         | 9.75%                 | Yes           |                  2 | On Loan: No      |
| DISH DBS CORP                                        | DISH DBS CORPORATION 07/28 7.375                                                | CUSIP: 25470XBB0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    750000 | PA      | $515788.66    | 0.12%             | 2028-07-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| EQT CORP                                             | EQT Corp                                                                        | CUSIP: 26884LAY5<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | DBT              | CORP              | US        |    300000 | PA      | $307255.23    | 0.07%             | 2029-04-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| EQT CORP                                             | EQT Corp                                                                        | CUSIP: 26884LBG3<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | DBT              | CORP              | US        |    225000 | PA      | $229253.45    | 0.05%             | 2027-06-01      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| Edgewell Personal Care Co                            | Edgewell Personal Care Co                                                       | CUSIP: 28035Q102<br>LEI: 549300CY8QZDL4Z3RU59 | Long             | EC               | CORP              | US        |     25850 | NS      | $713977.00    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Energizer Holdings Inc                               | Energizer Holdings Inc                                                          | CUSIP: 29272W109<br>LEI: 5493000D6NN0V57UME20 | Long             | EC               | CORP              | US        |     26795 | NS      | $624055.55    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| ENERGIZER HOLDINGS INC                               | Energizer Holdings Inc                                                          | CUSIP: 29272WAD1<br>LEI: 5493000D6NN0V57UME20 | Long             | DBT              | CORP              | US        |   1450000 | PA      | $1363695.13   | 0.32%             | 2029-03-31      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| ENERGIZER HOLDINGS INC                               | Energizer Holdings Inc                                                          | CUSIP: 29272WAF6<br>LEI: 5493000D6NN0V57UME20 | Long             | DBT              | CORP              | US        |    375000 | PA      | $377782.50    | 0.09%             | 2027-12-31      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| GMS Inc                                              | GMS Inc                                                                         | CUSIP: 36251C103<br>LEI: 52990057RENOQO4U0D72 | Long             | EC               | CORP              | US        |      9615 | NS      | $728143.95    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| GYP HOLDINGS III CORP                                | GYP Holdings III Corp                                                           | CUSIP: 36261NAA5<br>LEI: 549300055I1KJWZH9690 | Long             | DBT              | CORP              | US        |   1625000 | PA      | $1562229.34   | 0.36%             | 2029-05-01      | Fixed         | 4.63%                 | Yes           |                  2 | On Loan: No      |
| GAP INC/THE                                          | Gap Inc/The                                                                     | CUSIP: 364760AQ1<br>LEI: T2ZG1WRWZ4BUCMQL9224 | Long             | DBT              | CORP              | US        |    225000 | PA      | $200295.74    | 0.05%             | 2031-10-01      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| GARDA WORLD SECURITY                                 | Garda World Security Corp                                                       | CUSIP: 36485MAK5<br>LEI: 549300ZF1NDXLMCHNO20 | Long             | DBT              | CORP              | CA        |    550000 | PA      | $543296.55    | 0.13%             | 2027-02-15      | Fixed         | 4.63%                 | Yes           |                  2 | On Loan: No      |
| GARDA WORLD SECURITY                                 | Garda World Security Corp                                                       | CUSIP: 36485MAP4<br>LEI: 549300ZF1NDXLMCHNO20 | Long             | DBT              | CORP              | CA        |   2650000 | PA      | $2660827.90   | 0.62%             | 2032-11-15      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| HF SINCLAIR CORP                                     | HF Sinclair Corp                                                                | CUSIP: 403949AP5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    176000 | PA      | $177688.03    | 0.04%             | 2027-04-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| H.B. FULLER CO                                       | HB Fuller Co                                                                    | CUSIP: 40410KAA3<br>LEI: JSMX3Z5FOYM8V0Q52357 | Long             | DBT              | CORP              | US        |    975000 | PA      | $929744.99    | 0.22%             | 2028-10-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| HANESBRANDS INC                                      | Hanesbrands Inc                                                                 | CUSIP: 410345AQ5<br>LEI: GX5LWVWZLL5S4W1L2F20 | Long             | DBT              | CORP              | US        |    375000 | PA      | $396549.00    | 0.09%             | 2031-02-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| HELIOS SOFT/ION CORP SOL                             | Helios Software Holdings Inc                                                    | CUSIP: 42329HAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    375000 | PA      | $357467.70    | 0.08%             | 2028-05-01      | Fixed         | 4.63%                 | Yes           |                  2 | On Loan: No      |
| HERC HOLDINGS ESCROW INC                             | Herc Holdings Escrow Inc                                                        | CUSIP: 42703NAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    475000 | PA      | $489654.04    | 0.11%             | 2030-06-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| HERENS HOLDCO SARL                                   | Herens Holdco Sarl                                                              | CUSIP: 427169AA5<br>LEI: 2221002FZ55AMAUX4G64 | Long             | DBT              | CORP              | LU        |   1475000 | PA      | $1293489.45   | 0.30%             | 2028-05-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| HESS MIDSTREAM OPERATION                             | Hess Midstream Operations LP                                                    | CUSIP: 428102AE7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $476975.85    | 0.11%             | 2030-02-15      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| HESS MIDSTREAM OPERATION                             | Hess Midstream Operations LP                                                    | CUSIP: 428102AG2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    150000 | PA      | $153227.70    | 0.04%             | 2029-06-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| HILTON DOMESTIC OPERATIN                             | Hilton Domestic Operating Co Inc                                                | CUSIP: 432833AN1<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |    950000 | PA      | $846141.31    | 0.20%             | 2032-02-15      | Fixed         | 3.63%                 | Yes           |                  2 | On Loan: No      |
| IHO Verwaltungs GmbH                                 | IHO Verwaltungs GmbH                                                            | CUSIP: 44963BAD0<br>LEI: 529900JL0HDVGZMUJF32 | Long             | DBT              | CORP              | DE        |   1325000 | PA      | $1306368.78   | 0.30%             | 2029-05-15      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| INSIGHT ENTERPRS                                     | Insight Enterprises Inc                                                         | CUSIP: 45765UAC7<br>LEI: 529900S8991TYW6YP792 | Long             | DBT              | CORP              | US        |    375000 | PA      | $382400.63    | 0.09%             | 2032-05-15      | Fixed         | 6.63%                 | Yes           |                  2 | On Loan: No      |
| INSULET CORPORATION                                  | Insulet Corp                                                                    | CUSIP: 45784PAL5<br>LEI: 549300TZTYD2PYN92D43 | Long             | DBT              | CORP              | US        |    175000 | PA      | $180087.43    | 0.04%             | 2033-04-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| IQVIA INC                                            | IQVIA Inc                                                                       | CUSIP: 46266TAD0<br>LEI: 549300PLWY28YB00C717 | Long             | DBT              | CORP              | US        |    200000 | PA      | $204420.20    | 0.05%             | 2030-05-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| JB POINDEXTER & CO INC                               | JB Poindexter & Co Inc                                                          | CUSIP: 465965AC5<br>LEI: 549300W6P81HOZZGPQ16 | Long             | DBT              | CORP              | US        |    625000 | PA      | $620365.38    | 0.14%             | 2031-12-15      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| LAMAR MEDIA CORP                                     | Lamar Media Corp                                                                | CUSIP: 513075BW0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    350000 | PA      | $343920.08    | 0.08%             | 2029-01-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| LAMAR MEDIA CORP                                     | Lamar Media Corp                                                                | CUSIP: 513075BZ3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    350000 | PA      | $318220.56    | 0.07%             | 2031-01-15      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| MATCH GROUP HLD II LLC                               | Match Group Holdings II LLC                                                     | CUSIP: 57667JAA0<br>LEI: 5493003RFFE030RC9167 | Long             | DBT              | CORP              | US        |    700000 | PA      | $612718.61    | 0.14%             | 2031-10-01      | Fixed         | 3.63%                 | Yes           |                  2 | On Loan: No      |
| MAUSER PACKAGING SOLUT                               | Mauser Packaging Solutions Holding Co                                           | CUSIP: 57763RAD9<br>LEI: 549300DNGHXL0OMHW304 | Long             | DBT              | CORP              | US        |    800000 | PA      | $808588.80    | 0.19%             | 2027-04-15      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| MIDWEST GMNG BOR/MWG FIN                             | Midwest Gaming Borrower LLC                                                     | CUSIP: 59833DAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1900000 | PA      | $1821788.78   | 0.42%             | 2029-05-01      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| Federated Hermes Government Obligations Fund         | Federated Hermes Government Obligations Fund                                    | CUSIP: 608919718<br>LEI: 254900VAJ9169N7JRF45 | Long             | STIV             | RF                | US        |   8564609 | NS      | $8564609.20   | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| NCL CORPORATION LTD                                  | NCL Corp Ltd                                                                    | CUSIP: 62886HBG5<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |    150000 | PA      | $157805.10    | 0.04%             | 2029-02-15      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| NCL CORPORATION LTD                                  | NCL Corp Ltd                                                                    | CUSIP: 62886HBR1<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |    725000 | PA      | $725588.08    | 0.17%             | 2032-02-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Navient Corp                                         | Navient Corp                                                                    | CUSIP: 63938CAH1<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |    550000 | PA      | $550129.73    | 0.13%             | 2025-06-25      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Navient Corp                                         | Navient Corp                                                                    | CUSIP: 63938CAJ7<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |    475000 | PA      | $481293.28    | 0.11%             | 2026-06-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| NORTHRIVER MIDSTREAM FIN                             | Northriver Midstream Finance LP                                                 | CUSIP: 66679NAB6<br>LEI: 549300SOLNLY3BL6GF18 | Long             | DBT              | CORP              | CA        |    900000 | PA      | $908969.40    | 0.21%             | 2032-07-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| OPEN TEXT INC                                        | Open Text Holdings Inc                                                          | CUSIP: 683720AA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    250000 | PA      | $233655.18    | 0.05%             | 2030-02-15      | Fixed         | 4.13%                 | Yes           |                  2 | On Loan: No      |
| ORGANON & CO/ORGANON FOR                             | Organon & Co / Organon Foreign Debt Co-Issuer BV                                | CUSIP: 68622FAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    325000 | PA      | $302758.03    | 0.07%             | 2034-05-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| OUTFRONT MEDIA CAP LLC/C                             | Outfront Media Capital LLC / Outfront Media Capital Corp                        | CUSIP: 69007TAB0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    675000 | PA      | $666713.90    | 0.16%             | 2027-08-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| PENN ENTERTAINMENT INC                               | Penn National Gaming Inc                                                        | CUSIP: 707569AV1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1450000 | PA      | $1296571.88   | 0.30%             | 2029-07-01      | Fixed         | 4.13%                 | Yes           |                  2 | On Loan: No      |
| POST HOLDINGS INC                                    | Post Holdings Inc                                                               | CUSIP: 737446AV6<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |    825000 | PA      | $821032.82    | 0.19%             | 2033-03-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| POST HOLDINGS INC                                    | Post Holdings Inc                                                               | CUSIP: 737446AX2<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |    300000 | PA      | $297083.73    | 0.07%             | 2034-10-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| RANGE RESOURCES CORP                                 | Range Resources Corp                                                            | CUSIP: 75281ABJ7<br>LEI: H3Y3WLYCX0BTO1TRW162 | Long             | DBT              | CORP              | US        |    650000 | PA      | $668138.90    | 0.16%             | 2029-01-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| REAL HERO MERGER SUB 2                               | Real Hero Merger Sub 2 Inc                                                      | CUSIP: 75602BAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    600000 | PA      | $468665.82    | 0.11%             | 2029-02-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Red Rock Resorts Inc                                 | Red Rock Resorts, Inc. Class A                                                  | CUSIP: 75700L108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     18720 | NS      | $899870.40    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| SM ENERGY CO                                         | SM Energy Co                                                                    | CUSIP: 78454LAY6<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | DBT              | CORP              | US        |    300000 | PA      | $288276.99    | 0.07%             | 2032-08-01      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| SENSATA TECHNOLOGIES BV                              | Sensata Technologies BV                                                         | CUSIP: 81725WAK9<br>LEI: PUCKW5P5O3XMOZVH7T53 | Long             | DBT              | CORP              | NL        |    200000 | PA      | $187940.28    | 0.04%             | 2029-04-15      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| SIRIUS XM RADIO LLC                                  | Sirius XM Radio Inc                                                             | CUSIP: 82967NBG2<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |    725000 | PA      | $659256.06    | 0.15%             | 2030-07-01      | Fixed         | 4.13%                 | Yes           |                  2 | On Loan: No      |
| SIRIUS XM RADIO LLC                                  | Sirius XM Radio Inc                                                             | CUSIP: 82967NBM9<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |   1650000 | PA      | $1444095.02   | 0.34%             | 2031-09-01      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| SITIO ROYAL OP / SIT FIN                             | Sitio Royalties Operating Partnership LP / Sitio Finance Corp                   | CUSIP: 82983MAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    400000 | PA      | $412865.60    | 0.10%             | 2028-11-01      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| SIX FLAGS ENTERTAINME                                | Six Flags Entertainment Corp                                                    | CUSIP: 83001AAD4<br>LEI: 549300JYTDUAA4JQ3717 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1022439.00   | 0.24%             | 2031-05-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| EXPAND ENERGY CORP                                   | Southwestern Energy Co                                                          | CUSIP: 845467AT6<br>LEI: EFWMP121W54QV9MGOP87 | Long             | DBT              | CORP              | US        |    600000 | PA      | $566090.22    | 0.13%             | 2032-02-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| STANDARD INDUSTRI INC/NY                             | Standard Industries Inc/NJ                                                      | CUSIP: 853496AD9<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |    275000 | PA      | $270205.51    | 0.06%             | 2028-01-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| STANDARD INDUSTRI INC/NY                             | Standard Industries Inc/NJ                                                      | CUSIP: 853496AG2<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |    275000 | PA      | $258288.22    | 0.06%             | 2030-07-15      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| Suburban Propane Partners LP                         | Suburban Propane Partners LP                                                    | CUSIP: 864482104<br>LEI: JJAX4X60DE65EYFOTY73 | Long             | EC               | CORP              | US        |     49341 | NS      | $929584.44    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| SUBURBAN PROPANE PARTNRS                             | Suburban Propane Partners LP/Suburban Energy Finance Corp                       | CUSIP: 864486AK1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    900000 | PA      | $898569.27    | 0.21%             | 2027-03-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| SUBURBAN PROPANE PARTNRS                             | Suburban Propane Partners LP/Suburban Energy Finance Corp                       | CUSIP: 864486AL9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    650000 | PA      | $606002.09    | 0.14%             | 2031-06-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                                | Tenet Healthcare Corp                                                           | CUSIP: 88033GDB3<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |    775000 | PA      | $770665.66    | 0.18%             | 2027-11-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                                | Tenet Healthcare Corp                                                           | CUSIP: 88033GDK3<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |    450000 | PA      | $450955.35    | 0.11%             | 2028-10-01      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                                | TENET HEALTHCARE CORP                                                           | CUSIP: 88033GDS6<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |    875000 | PA      | $876169.00    | 0.20%             | 2027-02-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                                | Tenet Healthcare Corp                                                           | CUSIP: 88033GDU1<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |    100000 | PA      | $103067.70    | 0.02%             | 2031-05-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| TERRAFORM POWER OPERATIN                             | TerraForm Power Operating LLC                                                   | CUSIP: 88104LAG8<br>LEI: 5493000S2OLR3UT5BE13 | Long             | DBT              | CORP              | US        |   1125000 | PA      | $1061151.08   | 0.25%             | 2030-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| TRANSALTA CORP                                       | TransAlta Corp                                                                  | CUSIP: 89346DAH0<br>LEI: GJZNVO2UY6DNFNIYH321 | Long             | DBT              | CORP              | CA        |    400000 | PA      | $417016.80    | 0.10%             | 2029-11-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                        | TransDigm Inc                                                                   | CUSIP: 893647BL0<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |   1275000 | PA      | $1274799.47   | 0.30%             | 2027-11-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                        | TransDigm Inc                                                                   | CUSIP: 893647BQ9<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |    675000 | PA      | $654022.08    | 0.15%             | 2029-05-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                        | TransDigm Inc                                                                   | CUSIP: 893647BV8<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |   2125000 | PA      | $2173354.38   | 0.51%             | 2032-03-01      | Fixed         | 6.63%                 | Yes           |                  2 | On Loan: No      |
| TRIVIUM PACKAGING FIN                                | Trivium Packaging Finance BV                                                    | CUSIP: 89686QAC0<br>LEI: 724500GMZWW3PVYET548 | Long             | DBT              | CORP              | NL        |    500000 | PA      | $526148.82    | 0.12%             | 2031-01-15      | Fixed         | 12.25%                | Yes           |                  2 | On Loan: No      |
| US FOODS INC                                         | US Foods Inc                                                                    | CUSIP: 90290MAD3<br>LEI: 5493000JOOFAOUY1JZ87 | Long             | DBT              | CORP              | US        |   1625000 | PA      | $1590337.78   | 0.37%             | 2029-02-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| US FOODS INC                                         | US Foods Inc                                                                    | CUSIP: 90290MAJ0<br>LEI: 5493000JOOFAOUY1JZ87 | Long             | DBT              | CORP              | US        |    125000 | PA      | $123112.64    | 0.03%             | 2033-04-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| UWM HOLDINGS LLC                                     | UWM Holdings LLC                                                                | CUSIP: 903522AA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    425000 | PA      | $417025.13    | 0.10%             | 2030-02-01      | Fixed         | 6.63%                 | Yes           |                  2 | On Loan: No      |
| United Rentals Inc                                   | United Rentals Inc                                                              | CUSIP: 911363109<br>LEI: 5323X5O7RN0NKFCDRY08 | Long             | EC               | CORP              | US        |       875 | NS      | $619832.50    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITED RENTALS NORTH AM                              | United Rentals North America Inc                                                | CUSIP: 911363AM1<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |    325000 | PA      | $300139.48    | 0.07%             | 2031-02-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| UNITED WHOLESALE MTGE LL                             | United Shore Financial Services LLC                                             | CUSIP: 91153LAA5<br>LEI: 549300HW662MN1WU8550 | Long             | DBT              | CORP              | US        |   1350000 | PA      | $1349752.14   | 0.31%             | 2025-11-15      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| UNITED WHOLESALE MTGE LL                             | United Wholesale Mortgage LLC                                                   | CUSIP: 913229AC4<br>LEI: 549300HW662MN1WU8550 | Long             | DBT              | CORP              | US        |    450000 | PA      | $443851.38    | 0.10%             | 2027-06-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUE                                | Venture Global Plaquemines LNG LLC                                              | CUSIP: 922966AA4<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1045338.00   | 0.24%             | 2033-05-01      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUE                                | Venture Global Plaquemines LNG LLC                                              | CUSIP: 922966AB2<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1053936.00   | 0.25%             | 2035-05-01      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| VIRGIN MEDIA FINANCE PLC                             | Virgin Media Finance PLC                                                        | CUSIP: 92769VAJ8<br>LEI: 2138001LVYC87DDHT482 | Long             | DBT              | CORP              | GB        |   1300000 | PA      | $1179487.27   | 0.28%             | 2030-07-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| VIRGIN MEDIA SECURED FIN                             | Virgin Media Secured Finance PLC                                                | CUSIP: 92769XAR6<br>LEI: 213800X3RLP4NOTPY579 | Long             | DBT              | CORP              | GB        |    275000 | PA      | $254141.39    | 0.06%             | 2030-08-15      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| Vistra Corp                                          | Vistra Corp                                                                     | CUSIP: 92840M102<br>LEI: 549300KP43CPCUJOOG15 | Long             | EC               | CORP              | US        |      4690 | NS      | $753073.30    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| WR GRACE HOLDING LLC                                 | WR Grace Holdings LLC                                                           | CUSIP: 92943GAA9<br>LEI: 549300WNOVFRGYOAEB12 | Long             | DBT              | CORP              | US        |    875000 | PA      | $771767.76    | 0.18%             | 2029-08-15      | Fixed         | 5.63%                 | Yes           |                  2 | On Loan: No      |
| WR GRACE HOLDING LLC                                 | WR Grace Holdings LLC                                                           | CUSIP: 92943GAE1<br>LEI: 549300WNOVFRGYOAEB12 | Long             | DBT              | CORP              | US        |    375000 | PA      | $379115.25    | 0.09%             | 2031-03-01      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| AUDACY CAPITAL                                       | AUDACY CAPITAL                                                                  | CUSIP: 000000000<br>LEI: 549300S5JUSXRHNCHD80 | N/A              | DE               |  | US        |      1021 | NS      | $10.21        | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| WESCO DISTRIBUTION INC                               | WESCO Distribution Inc                                                          | CUSIP: 95081QAQ7<br>LEI: 549300I2CEZJG9N4AH67 | Long             | DBT              | CORP              | US        |    875000 | PA      | $894251.75    | 0.21%             | 2029-03-15      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| WESCO DISTRIBUTION INC                               | WESCO Distribution Inc                                                          | CUSIP: 95081QAS3<br>LEI: 549300I2CEZJG9N4AH67 | Long             | DBT              | CORP              | US        |    275000 | PA      | $280308.33    | 0.07%             | 2033-03-15      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| WYNN RESORTS FINANCE LLC                             | Wynn Resorts Finance LLC / Wynn Resorts Capital Corp                            | CUSIP: 983133AC3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    550000 | PA      | $577215.10    | 0.13%             | 2031-02-15      | Fixed         | 7.13%                 | Yes           |                  2 | On Loan: No      |
| XHR LP                                               | XHR LP                                                                          | CUSIP: 98372MAE5<br>LEI: 549300M88BPT83ZL2164 | Long             | DBT              |  | US        |    250000 | PA      | $250845.25    | 0.06%             | 2030-05-15      | Fixed         | 6.63%                 | Yes           |                  2 | On Loan: No      |
| ZEBRA TECHNOLOGIES CORP                              | Zebra Technologies Corp                                                         | CUSIP: 989207AD7<br>LEI: PO0I32GKZ3HZMMDPZZ08 | Long             | DBT              | CORP              | US        |    375000 | PA      | $381982.88    | 0.09%             | 2032-06-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| ZIPRECRUITER INC                                     | ZipRecruiter Inc                                                                | CUSIP: 98980BAA1<br>LEI: 549300HLOVNNFCY2IV80 | Long             | DBT              | CORP              | US        |    625000 | PA      | $539646.00    | 0.13%             | 2030-01-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Sensata Technologies Holding P                       | Sensata Technologies Holding PLC                                                | CUSIP: 000000000<br>LEI: 529900MS7KFYCY9MS037 | Long             | EC               | CORP              | GB        |     28625 | NS      | $745967.50    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Ardagh Metal Packaging SA                            | Ardagh Metal Packaging SA                                                       | CUSIP: 000000000<br>LEI: 5493009WKQTU4FN9G032 | Long             | EC               | CORP              | LU        |    253215 | NS      | $987538.50    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| ACRISURE LLC / FIN INC                               | Acrisure LLC / Acrisure Finance Inc                                             | CUSIP: 00489LAL7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1050000 | PA      | $1084176.51   | 0.25%             | 2030-11-06      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| AETHON UN/AETHIN UN FIN                              | Aethon United BR LP / Aethon United Finance Corp                                | CUSIP: 00810GAD6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1075000 | PA      | $1102395.30   | 0.26%             | 2029-10-01      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| ARDAGH PKG FIN/HLDGS USA                             | Ardagh Packaging Finance PLC / Ardagh Holdings USA Inc                          | CUSIP: 03969AAP5<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    800000 | PA      | $364732.00    | 0.09%             | 2027-08-15      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| ARIS WATER HOLDINGS LLC                              | Aris Water Holdings LLC                                                         | CUSIP: 04041NAA0<br>LEI: 5493007AWQW8ZKCHVV46 | Long             | DBT              | CORP              | US        |    850000 | PA      | $855204.55    | 0.20%             | 2030-04-01      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| ASBURY AUTOMOTIVE GROUP                              | Asbury Automotive Group Inc                                                     | CUSIP: 043436AW4<br>LEI: 549300JH4DTA7U42GL91 | Long             | DBT              | CORP              | US        |   1175000 | PA      | $1118019.08   | 0.26%             | 2029-11-15      | Fixed         | 4.63%                 | Yes           |                  2 | On Loan: No      |
| ASCENT RESOURCES/ARU FIN                             | Ascent Resources Utica Holdings LLC / ARU Finance Corp                          | CUSIP: 04364VAU7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    425000 | PA      | $423765.21    | 0.10%             | 2029-06-30      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| AXALTA COATING SYSTEMS                               | Axalta Coating Systems LLC                                                      | CUSIP: 05453GAC9<br>LEI: 549300G80QONCHILSF69 | Long             | DBT              | CORP              | US        |    425000 | PA      | $395878.89    | 0.09%             | 2029-02-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| BALL CORP                                            | Ball Corp                                                                       | CUSIP: 058498AW6<br>LEI: 0BGI85ALH27ZJP15DY16 | Long             | DBT              | CORP              | US        |    875000 | PA      | $776164.38    | 0.18%             | 2030-08-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| BALL CORP                                            | Ball Corp                                                                       | CUSIP: 058498AZ9<br>LEI: 0BGI85ALH27ZJP15DY16 | Long             | DBT              | CORP              | US        |    350000 | PA      | $357368.90    | 0.08%             | 2029-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Bausch Health Cos Inc                                | Bausch Health Cos Inc                                                           | CUSIP: 071734107<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | EC               | CORP              | CA        |     85045 | NS      | $385253.85    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| BAUSCH HEALTH COS INC                                | Bausch Health Cos Inc                                                           | CUSIP: 071734AM9<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | DBT              | CORP              | CA        |   1375000 | PA      | $879883.13    | 0.21%             | 2029-02-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYS                             | CHS/Community Health Systems Inc                                                | CUSIP: 12543DBH2<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |    225000 | PA      | $216354.89    | 0.05%             | 2029-01-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYS                             | CHS/Community Health Systems Inc                                                | CUSIP: 12543DBJ8<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |    900000 | PA      | $752989.50    | 0.18%             | 2029-04-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| CAESARS ENTERTAIN INC                                | Caesars Entertainment Inc                                                       | CUSIP: 12769GAD2<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |    925000 | PA      | $887919.62    | 0.21%             | 2032-10-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| CARNIVAL CORP                                        | Carnival Corp                                                                   | CUSIP: 143658BZ4<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |    925000 | PA      | $926133.13    | 0.22%             | 2031-06-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| OLYMPUS WTR US HLDG CORP                             | Cheever Escrow Issuer LLC                                                       | CUSIP: 16308NAA2<br>LEI: 549300YU2GGVCBN3MY89 | Long             | DBT              | CORP              | US        |    350000 | PA      | $356176.45    | 0.08%             | 2027-10-01      | Fixed         | 7.13%                 | Yes           |                  2 | On Loan: No      |
| CIVITAS RESOURCES INC                                | Civitas Resources Inc                                                           | CUSIP: 17888HAB9<br>LEI: IIVIHPH28S64K95M2381 | Long             | DBT              | CORP              | US        |    900000 | PA      | $881060.26    | 0.21%             | 2031-07-01      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| CIVITAS RESOURCES INC                                | Civitas Resources Inc                                                           | CUSIP: 17888HAD5<br>LEI: IIVIHPH28S64K95M2381 | Long             | DBT              | CORP              | US        |    325000 | PA      | $325889.90    | 0.08%             | 2033-06-15      | Fixed         | 9.63%                 | Yes           |                  2 | On Loan: No      |
| CLEARWATER PAPER CORP                                | Clearwater Paper Corp                                                           | CUSIP: 18538RAJ2<br>LEI: 549300HCVV19GXN4P292 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1053316.00   | 0.25%             | 2028-08-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| CLOUD SOFTWARE GRP INC                               | Cloud Software Group Inc                                                        | CUSIP: 18912UAC6<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |    350000 | PA      | $368379.20    | 0.09%             | 2032-06-30      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| CLYDESDALE ACQUISITION                               | Clydesdale Acquisition Holdings Inc                                             | CUSIP: 18972EAD7<br>LEI: 254900QKSDYFR3K5YD98 | Long             | DBT              | CORP              | US        |   1475000 | PA      | $1491709.04   | 0.35%             | 2032-04-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CROWN AMERICAS LLC                                   | Crown Americas LLC                                                              | CUSIP: 228180AC9<br>LEI: RPPGGRL1J75WGF2DFO04 | Long             | DBT              | CORP              | US        |    525000 | PA      | $521819.60    | 0.12%             | 2033-06-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| EMRLD BOR / EMRLD CO-ISS                             | Emerald Debt Merger Sub LLC                                                     | CUSIP: 29103CAA6<br>LEI: 98450099EE3A0ZD5F786 | Long             | DBT              | CORP              | US        |   2625000 | PA      | $2654829.42   | 0.62%             | 2030-12-15      | Fixed         | 6.63%                 | Yes           |                  2 | On Loan: No      |
| Ford Motor Credit Co LLC                             | Ford Motor Credit Co LLC                                                        | CUSIP: 345397XU2<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    550000 | PA      | $545676.75    | 0.13%             | 2026-01-08      | Fixed         | 4.39%                 | No            |                  2 | On Loan: No      |
| GARDA WORLD SECURITY                                 | Garda World Security Corp                                                       | CUSIP: 36485MAL3<br>LEI: 549300ZF1NDXLMCHNO20 | Long             | DBT              | CORP              | CA        |   1900000 | PA      | $1808761.43   | 0.42%             | 2029-06-01      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Graphic Packaging Holding Co                         | Graphic Packaging Holding Co                                                    | CUSIP: 388689101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     48431 | NS      | $1076136.82   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| GRAY MEDIA INC                                       | Gray Escrow II Inc                                                              | CUSIP: 389286AA3<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |    175000 | PA      | $125102.20    | 0.03%             | 2031-11-15      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| H&E EQUIPMENT SERVICES                               | H&E Equipment Services Inc                                                      | CUSIP: 404030AJ7<br>LEI: 254900KVLRCDMQRYY541 | Long             | DBT              | CORP              | US        |    800000 | PA      | $806639.20    | 0.19%             | 2028-12-15      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| HESS MIDSTREAM OPERATION                             | Hess Midstream Operations LP                                                    | CUSIP: 428102AF4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    600000 | PA      | $593622.02    | 0.14%             | 2030-10-15      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| HUB INTERNATIONAL LTD                                | HUB International Ltd                                                           | CUSIP: 44332PAG6<br>LEI: 549300JQT6ATTUNS5E06 | Long             | DBT              | CORP              | US        |   3375000 | PA      | $3349856.25   | 0.78%             | 2029-12-01      | Fixed         | 5.63%                 | Yes           |                  2 | On Loan: No      |
| HUB INTERNATIONAL LTD                                | HUB International Ltd                                                           | CUSIP: 44332PAH4<br>LEI: 549300JQT6ATTUNS5E06 | Long             | DBT              | CORP              | US        |   2250000 | PA      | $2344605.75   | 0.55%             | 2030-06-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| INTERFACE INC                                        | Interface Inc                                                                   | CUSIP: 458665AS5<br>LEI: 549300VXZWQOIDFPU355 | Long             | DBT              | CORP              | US        |    850000 | PA      | $839212.82    | 0.20%             | 2028-12-01      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| JONES DESLAURIERS INSURA                             | Jones Deslauriers Insurance Management Inc                                      | CUSIP: 48020RAA3<br>LEI: 549300JQIWNFU00E5424 | Long             | DBT              | CORP              | CA        |   1700000 | PA      | $1824781.33   | 0.43%             | 2030-12-15      | Fixed         | 10.50%                | Yes           |                  2 | On Loan: No      |
| MGM RESORTS INTL                                     | MGM Resorts International                                                       | CUSIP: 552953CK5<br>LEI: 54930066VBP7DZEGGJ87 | Long             | DBT              | CORP              | US        |    650000 | PA      | $653506.10    | 0.15%             | 2029-09-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| MIWD HLDCO II/MIWD FIN                               | MIWD Holdco II LLC / MIWD Finance Corp                                          | CUSIP: 55337PAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    600000 | PA      | $554663.88    | 0.13%             | 2030-02-01      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Masterbrand Inc                                      | Masterbrand Inc                                                                 | CUSIP: 57638P104<br>LEI: 549300E0Y4BR5Z9RDZ64 | Long             | EC               | CORP              | US        |     45150 | NS      | $460530.00    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| MAUSER PACKAGING SOLUT                               | Mauser Packaging Solutions Holding Co                                           | CUSIP: 57763RAC1<br>LEI: 549300DNGHXL0OMHW304 | Long             | DBT              | CORP              | US        |    475000 | PA      | $468316.85    | 0.11%             | 2027-04-15      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| MEDLINE BORROWER LP                                  | Mozart Debt Merger Sub Inc                                                      | CUSIP: 62482BAA0<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |   1325000 | PA      | $1249781.87   | 0.29%             | 2029-04-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| NCL CORPORATION LTD                                  | NCL Corp Ltd                                                                    | CUSIP: 62886HBN0<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |    500000 | PA      | $526763.50    | 0.12%             | 2029-01-15      | Fixed         | 8.13%                 | Yes           |                  2 | On Loan: No      |
| NCL FINANCE LTD                                      | NCL Finance Ltd                                                                 | CUSIP: 62888HAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    275000 | PA      | $276921.15    | 0.06%             | 2028-03-15      | Fixed         | 6.13%                 | Yes           |                  2 | On Loan: No      |
| NRG Energy Inc                                       | NRG Energy Inc                                                                  | CUSIP: 629377508<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | EC               | CORP              | US        |      6510 | NS      | $1014909.00   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| NRG ENERGY INC                                       | NRG Energy Inc                                                                  | CUSIP: 629377CS9<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    110000 | PA      | $99523.15     | 0.02%             | 2032-02-15      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| NABORS INDUSTRIES INC                                | Nabors Industries Inc                                                           | CUSIP: 62957HAP0<br>LEI: 549300VFQWRKICUFNU92 | Long             | DBT              | CORP              | US        |    175000 | PA      | $159610.10    | 0.04%             | 2030-01-31      | Fixed         | 9.13%                 | Yes           |                  2 | On Loan: No      |
| NABORS INDUSTRIES INC                                | Nabors Industries Inc                                                           | CUSIP: 62957HAQ8<br>LEI: 549300VFQWRKICUFNU92 | Long             | DBT              | CORP              | US        |    525000 | PA      | $359738.45    | 0.08%             | 2031-08-15      | Fixed         | 8.88%                 | Yes           |                  2 | On Loan: No      |
| OI EUROPEAN GROUP BV                                 | OI European Group BV                                                            | CUSIP: 67777LAD5<br>LEI: 72450053F5WRDY8CDZ66 | Long             | DBT              | CORP              | NL        |    725000 | PA      | $683251.89    | 0.16%             | 2030-02-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| OLYMPUS WTR US HLDG CORP                             | Olympus Water US Holding Corp                                                   | CUSIP: 681639AB6<br>LEI: 549300YU2GGVCBN3MY89 | Long             | DBT              | CORP              | US        |   1700000 | PA      | $1579469.42   | 0.37%             | 2029-10-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| POST HOLDINGS INC                                    | Post Holdings Inc                                                               | CUSIP: 737446AU8<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1017964.00   | 0.24%             | 2032-02-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Precision Drilling Corp                              | Precision Drilling Corp                                                         | CUSIP: 740212AL9<br>LEI: 549300WF2OE8T5BP4B84 | Long             | DBT              | CORP              | CA        |    201000 | PA      | $200951.74    | 0.05%             | 2026-01-15      | Fixed         | 7.13%                 | Yes           |                  2 | On Loan: No      |
| ROCKETMTGE CO-ISSUER INC                             | Quicken Loans LLC / Quicken Loans Co-Issuer Inc                                 | CUSIP: 74841CAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    825000 | PA      | $770225.86    | 0.18%             | 2029-03-01      | Fixed         | 3.63%                 | Yes           |                  2 | On Loan: No      |
| QUIKRETE HOLDINGS INC                                | Quikrete Holdings Inc                                                           | CUSIP: 74843PAB6<br>LEI: 5493007KIN86DIZWZT22 | Long             | DBT              | CORP              | US        |    350000 | PA      | $355442.85    | 0.08%             | 2033-03-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| RHP HOTEL PPTY/RHP FINAN                             | RHP Hotel Properties LP / RHP Finance Corp                                      | CUSIP: 749571AK1<br>LEI: N/A                  | Long             | DBT              |  | US        |    775000 | PA      | $786148.38    | 0.18%             | 2032-04-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| TGNR INTERMEDIATE HOLDIN                             | Rockcliff Energy II LLC                                                         | CUSIP: 77289KAA3<br>LEI: 5493007AZNVKZ5HEMT23 | Long             | DBT              | CORP              | US        |   1225000 | PA      | $1157889.72   | 0.27%             | 2029-10-15      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| ROCKETMTGE CO-ISSUER INC                             | Rocket Mortgage LLC / Rocket Mortgage Co-Issuer Inc                             | CUSIP: 77313LAB9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    425000 | PA      | $367482.20    | 0.09%             | 2033-10-15      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| ROCKET SOFTWARE INC                                  | Rocket Software Inc                                                             | CUSIP: 77314EAB4<br>LEI: 549300PVG26ISP5X1556 | Long             | DBT              | CORP              | US        |    375000 | PA      | $387280.50    | 0.09%             | 2028-11-28      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| ROCKIES EXPRESS PIPELINE                             | ROCKIES EXPRESS PIPELINE                                                        | CUSIP: 77340RAU1<br>LEI: W2ZGZGZKY5GGNY6F3V51 | Long             | DBT              | CORP              | US        |    325000 | PA      | $335139.03    | 0.08%             | 2033-03-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES                              | Royal Caribbean Cruises Ltd                                                     | CUSIP: 780153BV3<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |    525000 | PA      | $527212.59    | 0.12%             | 2033-02-01      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES                              | Royal Caribbean Cruises Ltd                                                     | CUSIP: 780153BW1<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |    400000 | PA      | $395604.38    | 0.09%             | 2031-09-30      | Fixed         | 5.63%                 | Yes           |                  2 | On Loan: No      |
| SS&C Technologies Inc                                | SS&C Technologies Inc                                                           | CUSIP: 78466CAC0<br>LEI: 549300KY09TR3J12JU49 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1999019.60   | 0.47%             | 2027-09-30      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| SEAGATE HDD CAYMAN                                   | Seagate HDD Cayman                                                              | CUSIP: 81180WBM2<br>LEI: 529900BD50TRWEG1SF63 | Long             | DBT              | CORP              | KY        |    708500 | PA      | $804717.84    | 0.19%             | 2032-12-01      | Fixed         | 9.63%                 | No            |                  2 | On Loan: No      |
| SEAGATE HDD CAYMAN                                   | Seagate HDD Cayman                                                              | CUSIP: 81180WBP5<br>LEI: 529900BD50TRWEG1SF63 | Long             | DBT              | CORP              | KY        |    400000 | PA      | $427423.60    | 0.10%             | 2031-07-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| SELECT MEDICAL CORP                                  | Select Medical Corp                                                             | CUSIP: 816196AV1<br>LEI: 549300X05KS0JKR8CB50 | Long             | DBT              | CORP              | US        |   1225000 | PA      | $1215114.85   | 0.28%             | 2032-12-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| SENSATA TECHNOLOGIES BV                              | Sensata Technologies BV                                                         | CUSIP: 81725WAL7<br>LEI: PUCKW5P5O3XMOZVH7T53 | Long             | DBT              | CORP              | NL        |    450000 | PA      | $445428.99    | 0.10%             | 2030-09-01      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| EXPAND ENERGY CORP                                   | Southwestern Energy Co                                                          | CUSIP: 845467AS8<br>LEI: EFWMP121W54QV9MGOP87 | Long             | DBT              | CORP              | US        |    100000 | PA      | $99534.68     | 0.02%             | 2030-03-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| STANDARD INDUSTRI INC/NY                             | Standard Industries Inc/NJ                                                      | CUSIP: 853496AH0<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |   1475000 | PA      | $1306295.84   | 0.30%             | 2031-01-15      | Fixed         | 3.38%                 | Yes           |                  2 | On Loan: No      |
| STATION CASINOS LLC                                  | Station Casinos LLC                                                             | CUSIP: 857691AH2<br>LEI: 5493004E7Q60TX54WL62 | Long             | DBT              | CORP              | US        |    950000 | PA      | $870252.63    | 0.20%             | 2031-12-01      | Fixed         | 4.63%                 | Yes           |                  2 | On Loan: No      |
| STENA INTERNATIONAL SA                               | Stena International SA                                                          | CUSIP: 85858EAD5<br>LEI: 213800A4LTGG4W55QP46 | Long             | DBT              | CORP              | LU        |   1050000 | PA      | $1054657.80   | 0.25%             | 2031-01-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| TARGA RESOURCES PARTNERS                             | Targa Resources Partners LP / Targa Resources Partners Finance Corp             | CUSIP: 87612BBQ4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    675000 | PA      | $680385.81    | 0.16%             | 2030-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CLOUD SOFTWARE GRP INC                               | Picard Midco Inc                                                                | CUSIP: 88632QAE3<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |   2725000 | PA      | $2724209.48   | 0.64%             | 2029-03-31      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| SUNRISE FINCO I BV                                   | UPC Broadband Finco BV                                                          | CUSIP: 90320BAA7<br>LEI: 213800MNFBDEQRS6HZ22 | Long             | DBT              | CORP              | NL        |   2625000 | PA      | $2439543.75   | 0.57%             | 2031-07-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| UNITED WHOLESALE MTGE LL                             | United Wholesale Mortgage LLC                                                   | CUSIP: 913229AA8<br>LEI: 549300HW662MN1WU8550 | Long             | DBT              | CORP              | US        |   1475000 | PA      | $1413247.06   | 0.33%             | 2029-04-15      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| UNIVISION COMMUNICATIONS                             | Univision Communications Inc                                                    | CUSIP: 914906AY8<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |    500000 | PA      | $500770.00    | 0.12%             | 2028-08-15      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| WATCO COS LLC/FINANCE CO                             | Watco Cos LLC / Watco Finance Corp                                              | CUSIP: 941130AD8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    550000 | PA      | $566424.65    | 0.13%             | 2032-08-01      | Fixed         | 7.13%                 | Yes           |                  2 | On Loan: No      |
| WYNN RESORTS FINANCE LLC                             | Wynn Resorts Finance LLC / Wynn Resorts Capital Corp                            | CUSIP: 983133AD1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    875000 | PA      | $865959.15    | 0.20%             | 2033-03-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| XPLR INFRAST OPERATING                               | XPLR Infrastructure Operating Partners LP                                       | CUSIP: 98380MAA3<br>LEI: 549300KJEC5IUVJWR786 | Long             | DBT              | CORP              | US        |    175000 | PA      | $182865.38    | 0.04%             | 2031-01-15      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| YUM! BRANDS INC                                      | Yum! Brands Inc                                                                 | CUSIP: 988498AL5<br>LEI: 549300JE8XHZZ7OHN517 | Long             | DBT              | CORP              | US        |    350000 | PA      | $342617.84    | 0.08%             | 2030-01-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| YUM! BRANDS INC                                      | Yum! Brands Inc                                                                 | CUSIP: 988498AR2<br>LEI: 549300JE8XHZZ7OHN517 | Long             | DBT              | CORP              | US        |    475000 | PA      | $470023.08    | 0.11%             | 2032-04-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| AUDACY CAPITAL                                       | AUDACY CAPITAL                                                                  | CUSIP: 000000000<br>LEI: 549300S5JUSXRHNCHD80 | N/A              | DE               |  | US        |      6131 | NS      | $61.31        | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| TELENET FINANCE LUX NOTE                             | Telenet Finance Luxembourg Notes Sarl                                           | CUSIP: 000000000<br>LEI: 2138007RI9GLJPCC3E25 | Long             | DBT              | CORP              | LU        |   3000000 | PA      | $2970000.00   | 0.69%             | 2028-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| AMWINS GROUP INC                                     | AmWINS Group Inc                                                                | CUSIP: 031921AC3<br>LEI: 549300SJE7MUB8NMRG61 | Long             | DBT              | CORP              | US        |    850000 | PA      | $862439.75    | 0.20%             | 2029-02-15      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| ARCHROCK PARTNERS LP/FIN                             | Archrock Partners LP / Archrock Partners Finance Corp                           | CUSIP: 03959KAC4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1450000 | PA      | $1448698.05   | 0.34%             | 2028-04-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| ARDAGH METAL PACKAGING                               | Ardagh Metal Packaging Finance USA LLC / Ardagh Metal Packaging Finance PLC     | CUSIP: 03969YAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |   1550000 | PA      | $1376776.34   | 0.32%             | 2029-09-01      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| ARDONAGH FINCO LTD                                   | Ardonagh Finco Ltd                                                              | CUSIP: 039853AA4<br>LEI: 254900D2T84O1K03BA28 | Long             | DBT              | CORP              | JE        |    625000 | PA      | $646703.75    | 0.15%             | 2031-02-15      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| BAUSCH HEALTH COS INC                                | Bausch Health Cos Inc                                                           | CUSIP: 071734AJ6<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | DBT              | CORP              | CA        |   1075000 | PA      | $611068.56    | 0.14%             | 2030-01-30      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| BELLRING BRANDS INC                                  | BellRing Brands Inc                                                             | CUSIP: 07831CAA1<br>LEI: 549300S3BOK5CMTS8054 | Long             | DBT              | CORP              | US        |   1525000 | PA      | $1586111.33   | 0.37%             | 2030-03-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| BLUE RACER MID LLC/FINAN                             | Blue Racer Midstream LLC / Blue Racer Finance Corp                              | CUSIP: 095796AK4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    400000 | PA      | $415045.60    | 0.10%             | 2032-07-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| BRINK'S CO/THE                                       | Brink's Co/The                                                                  | CUSIP: 109696AD6<br>LEI: XFP140TFNOQMIVFTVQ13 | Long             | DBT              | CORP              | US        |    750000 | PA      | $769998.00    | 0.18%             | 2032-06-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                               | CCO Holdings LLC / CCO Holdings Capital Corp                                    | CUSIP: 1248EPBT9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1850000 | PA      | $1832070.73   | 0.43%             | 2027-05-01      | Fixed         | 5.13%                 | Yes           |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                                     | CSC Holdings LLC                                                                | CUSIP: 126307BA4<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    425000 | PA      | $214894.25    | 0.05%             | 2030-01-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                                     | CSC Holdings LLC                                                                | CUSIP: 126307BF3<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    500000 | PA      | $327930.00    | 0.08%             | 2031-02-15      | Fixed         | 3.38%                 | Yes           |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                                     | CSC Holdings LLC                                                                | CUSIP: 126307BK2<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |   1300000 | PA      | $592422.90    | 0.14%             | 2031-11-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| CALPINE CORP                                         | Calpine Corp                                                                    | CUSIP: 131347CM6<br>LEI: 43R4VPJBXTU2O15HEF41 | Long             | DBT              | CORP              | US        |    700000 | PA      | $687001.56    | 0.16%             | 2028-02-15      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| CALPINE CORP                                         | Calpine Corp                                                                    | CUSIP: 131347CN4<br>LEI: 43R4VPJBXTU2O15HEF41 | Long             | DBT              | CORP              | US        |    700000 | PA      | $694353.03    | 0.16%             | 2028-03-15      | Fixed         | 5.13%                 | Yes           |                  2 | On Loan: No      |
| CALPINE CORP                                         | Calpine Corp                                                                    | CUSIP: 131347CP9<br>LEI: 43R4VPJBXTU2O15HEF41 | Long             | DBT              | CORP              | US        |    450000 | PA      | $438849.81    | 0.10%             | 2029-02-01      | Fixed         | 4.63%                 | Yes           |                  2 | On Loan: No      |
| PERMIAN RESOURC OPTG LLC                             | Centennial Resource Production LLC                                              | CUSIP: 15138AAA8<br>LEI: 5493004CTVUMQLRPOE23 | Long             | DBT              | CORP              | US        |    375000 | PA      | $374255.21    | 0.09%             | 2026-01-15      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| CIVITAS RESOURCES INC                                | Civitas Resources Inc                                                           | CUSIP: 17888HAA1<br>LEI: IIVIHPH28S64K95M2381 | Long             | DBT              | CORP              | US        |    525000 | PA      | $529596.38    | 0.12%             | 2028-07-01      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| CROWN AMER/CAP CORP VI                               | Crown Americas LLC / Crown Americas Capital Corp VI                             | CUSIP: 228187AB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    400000 | PA      | $400000.08    | 0.09%             | 2026-02-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| DORNOCH DEBT MERGER SUB                              | Dornoch Debt Merger Sub Inc                                                     | CUSIP: 25830JAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2450000 | PA      | $1886073.70   | 0.44%             | 2029-10-15      | Fixed         | 6.63%                 | Yes           |                  2 | On Loan: No      |
| EQT CORP                                             | EQT Corp                                                                        | CUSIP: 26884LBC2<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | DBT              | CORP              | US        |   1025000 | PA      | $991982.11    | 0.23%             | 2031-01-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| ELEMENT SOLUTIONS INC                                | Element Solutions Inc                                                           | CUSIP: 28618MAA4<br>LEI: 549300FLGN6P5CU20J91 | Long             | DBT              | CORP              | US        |    975000 | PA      | $937119.50    | 0.22%             | 2028-09-01      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| HESS MIDSTREAM OPERATION                             | Hess Midstream Partners LP                                                      | CUSIP: 428104AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    750000 | PA      | $740579.70    | 0.17%             | 2028-06-15      | Fixed         | 5.13%                 | Yes           |                  2 | On Loan: No      |
| IQVIA Inc                                            | IQVIA Inc                                                                       | CUSIP: 449934AD0<br>LEI: 549300PLWY28YB00C717 | Long             | DBT              | CORP              | US        |    625000 | PA      | $623408.56    | 0.15%             | 2026-10-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| IQVIA Inc                                            | IQVIA Inc                                                                       | CUSIP: 46266TAA6<br>LEI: 549300PLWY28YB00C717 | Long             | DBT              | CORP              | US        |    575000 | PA      | $571874.93    | 0.13%             | 2027-05-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| IRON MOUNTAIN INC                                    | Iron Mountain Inc                                                               | CUSIP: 46284VAQ4<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              | CORP              | US        |   1450000 | PA      | $1464771.15   | 0.34%             | 2033-01-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| MCAFEE CORP                                          | Condor Merger Sub Inc                                                           | CUSIP: 579063AB4<br>LEI: 2549009UKR8UEZYVCR93 | Long             | DBT              | CORP              | US        |   4125000 | PA      | $3818809.38   | 0.89%             | 2030-02-15      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| MITER BRAND / MIWD BORR                              | Miter Brands Acquisition Holdco Inc / MIWD Borrower LLC                         | CUSIP: 60672JAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    475000 | PA      | $478872.20    | 0.11%             | 2032-04-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| OLYMPUS WTR US HLDG CORP                             | Olympus Water US Holding Corp                                                   | CUSIP: 681639AA8<br>LEI: 549300YU2GGVCBN3MY89 | Long             | DBT              | CORP              | US        |    975000 | PA      | $919724.19    | 0.21%             | 2028-10-01      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| OPEN TEXT CORP                                       | Open Text Corp                                                                  | CUSIP: 683715AF3<br>LEI: 549300HP7ONDQODZJV16 | Long             | DBT              | CORP              | CA        |    575000 | PA      | $592581.20    | 0.14%             | 2027-12-01      | Fixed         | 6.90%                 | Yes           |                  2 | On Loan: No      |
| PERFORMANCE FOOD GROUP I                             | Performance Food Group Inc                                                      | CUSIP: 71376LAF7<br>LEI: 549300OMUOGBYK0FFO76 | Long             | DBT              | CORP              | US        |    300000 | PA      | $302788.80    | 0.07%             | 2032-09-15      | Fixed         | 6.13%                 | Yes           |                  2 | On Loan: No      |
| ROCKETMTGE CO-ISSUER INC                             | Quicken Loans LLC / Quicken Loans Co-Issuer Inc                                 | CUSIP: 74841CAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1975000 | PA      | $1788333.07   | 0.42%             | 2031-03-01      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| QUIKRETE HOLDINGS INC                                | Quikrete Holdings Inc                                                           | CUSIP: 74843PAA8<br>LEI: 5493007KIN86DIZWZT22 | Long             | DBT              | CORP              | US        |    675000 | PA      | $686395.35    | 0.16%             | 2032-03-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| RHP HOTEL PPTY/RHP FINAN                             | RHP Hotel Properties LP / RHP Finance Corp                                      | CUSIP: 749571AL9<br>LEI: N/A                  | Long             | DBT              |  | US        |    200000 | PA      | $203562.85    | 0.05%             | 2033-06-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES                              | Royal Caribbean Cruises Ltd                                                     | CUSIP: 780153BJ0<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |    250000 | PA      | $250192.00    | 0.06%             | 2026-08-31      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| SS&C TECHNOLOGIES INC                                | SS&C Technologies Inc                                                           | CUSIP: 78466CAD8<br>LEI: 549300KY09TR3J12JU49 | Long             | DBT              | CORP              | US        |    700000 | PA      | $719282.90    | 0.17%             | 2032-06-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| SCIENCE APPLICATIONS INT                             | Science Applications International Corp                                         | CUSIP: 808625AA5<br>LEI: 549300LZPNZIXQGZPZ48 | Long             | DBT              | CORP              | US        |    500000 | PA      | $487752.40    | 0.11%             | 2028-04-01      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| SENSATA TECHNOLOGIES INC                             | Sensata Technologies Inc                                                        | CUSIP: 81728UAB0<br>LEI: 5493002MMDDCUNV7NY90 | Long             | DBT              | CORP              | US        |    325000 | PA      | $288924.25    | 0.07%             | 2031-02-15      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| SINCLAIR TELEVISION GROU                             | Sinclair Television Group Inc                                                   | CUSIP: 829259AY6<br>LEI: 549300CQGEN0CH65UD62 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $845000.00    | 0.20%             | 2030-03-01      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| SIRIUS XM RADIO LLC                                  | Sirius XM Radio Inc                                                             | CUSIP: 82967NBL1<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |    675000 | PA      | $659911.90    | 0.15%             | 2026-09-01      | Fixed         | 3.13%                 | Yes           |                  2 | On Loan: No      |
| TERRAFORM POWER OPERATIN                             | TerraForm Power Operating LLC                                                   | CUSIP: 88104LAE3<br>LEI: 5493000S2OLR3UT5BE13 | Long             | DBT              | CORP              | US        |   1325000 | PA      | $1289073.29   | 0.30%             | 2028-01-31      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| TRANSDIGM INC                                        | TransDigm Inc                                                                   | CUSIP: 893647BR7<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |    950000 | PA      | $967671.90    | 0.23%             | 2028-08-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| UNITED RENTALS NORTH AM                              | United Rentals North America Inc                                                | CUSIP: 911365BR4<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |    350000 | PA      | $355200.65    | 0.08%             | 2034-03-15      | Fixed         | 6.13%                 | Yes           |                  2 | On Loan: No      |
| UNIVISION COMMUNICATIONS                             | Univision Communications Inc                                                    | CUSIP: 914906AV4<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $888609.05    | 0.21%             | 2029-05-01      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| VIAVI SOLUTIONS INC                                  | Viavi Solutions Inc                                                             | CUSIP: 925550AF2<br>LEI: 5493006K3E3N1QOBF092 | Long             | DBT              | CORP              | US        |    850000 | PA      | $782896.24    | 0.18%             | 2029-10-01      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| VISTRA CORP                                          | Vistra Operations Co LLC                                                        | CUSIP: 92840VAA0<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |    375000 | PA      | $375576.38    | 0.09%             | 2026-09-01      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| VISTRA OPERATIONS CO LLC                             | Vistra Operations Co LLC                                                        | CUSIP: 92840VAB8<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |   1375000 | PA      | $1374948.44   | 0.32%             | 2027-02-15      | Fixed         | 5.63%                 | Yes           |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-07-22

**Name of Applicant:** Federated Hermes High Yield Trust

**Signature:** Stephen Van Meter

**Name of Signer:** Federated Hermes High Yield Trust

**Title:** Chief Compliance Officer