# EDGAR Filing Document

**Accession Number:** 0000225604
**File Stem:** 0002071691-26-015579
**Filing Date:** 2026-6
**Character Count:** 213138
**Document Hash:** 86e3bae122aae54604b1a0db99f58e2a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002071691-26-015579.hdr.sgml**: 20260629

**ACCESSION NUMBER**: 0002071691-26-015579

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 4

**CONFORMED PERIOD OF REPORT**: 20260430

**FILED AS OF DATE**: 20260629

**DATE AS OF CHANGE**: 20260629

**PERIOD START**: 20270131

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** MFS SERIES TRUST III
- **CENTRAL INDEX KEY:** 0000225604

**ORGANIZATION NAME:**
- **EIN:** 046414785
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0131

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-02794
- **FILM NUMBER:** 261132308

**BUSINESS ADDRESS:**
- **STREET 1:** 111 HUNTINGTON AVENUE
- **STREET 2:** 21ST FLOOOR
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02199
- **BUSINESS PHONE:** 18006372929

**MAIL ADDRESS:**
- **STREET 1:** 111 HUNTINGTON AVENUE
- **STREET 2:** 21ST FLOOOR
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02199

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MFS SERIES TRUST III /MA
- **DATE OF NAME CHANGE:** 19940411

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MFS HIGH INCOME FUND
- **DATE OF NAME CHANGE:** 19930408

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MASSACHUSETTS FINANCIAL HIGH INCOME TRUST
- **DATE OF NAME CHANGE:** 19920703

## Series and Classes Contracts Data

### MFS High Yield Pooled Portfolio (Series ID: S000038262)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000118060 | Fund Shares  | HYPPX           |

## Nport-Ex

HYP-Q1

![](img90f5ec321.gif)

**Quarterly Report**

April 30, 2026

MFS<sup>®</sup> High Yield Pooled Portfolio

![](img8e37286f2.gif)

------

**Portfolio of Investments**

4/30/26 (unaudited)

The Portfolio of Investments is a complete list of all securities owned by your fund. It is categorized by broad-based asset classes.

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

---

| | | |
|:---|:---|:---|
| **Issuer** | **Shares/Par** | **Value ($)** |
| Bonds – 96.7%  | Bonds – 96.7%  | Bonds – 96.7%  |
| Aerospace & Defense – 3.2% | Aerospace & Defense – 3.2% | Aerospace & Defense – 3.2% |
| Axon Enterprise, Inc., 6.125%, 3/15/2030 (n) | $1862000 | &nbsp;&nbsp;&nbsp; $1903925 |
| Axon Enterprise, Inc., 6.25%, 3/15/2033 (n) | 643000 | &nbsp;&nbsp;&nbsp; 659822 |
| Bombardier, Inc., 7.25%, 7/01/2031 (n) | 1133000 | &nbsp;&nbsp;&nbsp; 1192130 |
| Bombardier, Inc., 7%, 6/01/2032 (n) | 500000 | &nbsp;&nbsp;&nbsp; 521922 |
| Bombardier, Inc., 6.75%, 6/15/2033 (n) | 1332000 | &nbsp;&nbsp;&nbsp; 1388880 |
| MOOG, Inc., 5.5%, 10/15/2034 (n) | 1238000 | &nbsp;&nbsp;&nbsp; 1239104 |
| TransDigm, Inc., 6.75%, 8/15/2028 (n) | 1111000 | &nbsp;&nbsp;&nbsp; 1126007 |
| TransDigm, Inc., 6.375%, 3/01/2029 (n) | 868000 | &nbsp;&nbsp;&nbsp; 885321 |
| TransDigm, Inc., 6.875%, 12/15/2030 (n) | 2753000 | &nbsp;&nbsp;&nbsp; 2837256 |
| TransDigm, Inc., 6.375%, 5/31/2033 (n) | 3116000 | &nbsp;&nbsp;&nbsp; 3139959 |
| TransDigm, Inc., 6.125%, 7/31/2034 (n) | 1581000 | &nbsp;&nbsp;&nbsp; 1582739 |
|  |  | &nbsp;&nbsp;&nbsp; $16477065 |
| Airlines – 0.1% | Airlines – 0.1% | Airlines – 0.1% |
| JetBlue Airways Corp., 9.875%, 9/20/2031 (n)  | $388000 | &nbsp;&nbsp;&nbsp; $361371 |
| Auto & Auto Components – 2.9% | Auto & Auto Components – 2.9% | Auto & Auto Components – 2.9% |
| Allison Transmission, Inc., 3.75%, 1/30/2031 (n) | $2814000 | &nbsp;&nbsp;&nbsp; $2644068 |
| Allison Transmission, Inc., 5.875%, 12/01/2033 (n) | 420000 | &nbsp;&nbsp;&nbsp; 424014 |
| American Axle & Manufacturing, Inc., 6.375%, 10/15/2032 (n) | 756000 | &nbsp;&nbsp;&nbsp; 754649 |
| American Axle & Manufacturing, Inc., 7.75%, 10/15/2033 (n) | 1420000 | &nbsp;&nbsp;&nbsp; 1386385 |
| Clarios Global LP/Clarios US Finance Co., 6.75%, 2/15/2030 (n) | 944000 | &nbsp;&nbsp;&nbsp; 975332 |
| Clarios Global LP/Clarios US Finance Co., 4.75%, 6/15/2031 (n) | 952000 | &nbsp;&nbsp;&nbsp; 1116499 |
| Clarios Global LP/Clarios US Finance Co., 6.75%, 9/15/2032 (n) | $481000 | &nbsp;&nbsp;&nbsp; 492034 |
| Cyprium Corp./Cyprium Holdings Co., 6.375%, 4/15/2034 (n) | 1507000 | &nbsp;&nbsp;&nbsp; 1505087 |
| Dealer Tire LLC/DT Issuer LLC, 8%, 2/01/2028 (n) | 1602000 | &nbsp;&nbsp;&nbsp; 1591771 |
| J.B. Poindexter & Co., Inc., 8.75%, 12/15/2031 (n) | 1355000 | &nbsp;&nbsp;&nbsp; 1404109 |
| New Flyer Holdings, Inc., 9.25%, 7/01/2030 (n) | 1716000 | &nbsp;&nbsp;&nbsp; 1851648 |
| Wabash National Corp., 4.5%, 10/15/2028 (n) | 1316000 | &nbsp;&nbsp;&nbsp; 1161447 |
|  |  | &nbsp;&nbsp;&nbsp; $15307043 |
| Brokerage & Asset Managers – 1.9% | Brokerage & Asset Managers – 1.9% | Brokerage & Asset Managers – 1.9% |
| Aretec Group, Inc., 7.5%, 4/01/2029 (n) | $805000 | &nbsp;&nbsp;&nbsp; $806006 |
| Aretec Group, Inc., 10%, 8/15/2030 (n) | 1148000 | &nbsp;&nbsp;&nbsp; 1215854 |
| Hightower Holding LLC, 6.75%, 4/15/2029 (n) | 1128000 | &nbsp;&nbsp;&nbsp; 1120313 |
| Hightower Holding LLC, 9.125%, 1/31/2030 (n) | 772000 | &nbsp;&nbsp;&nbsp; 801377 |
| Jane Street Group/JSG Finance, Inc., 6.125%, 11/01/2032 (n) | 3678000 | &nbsp;&nbsp;&nbsp; 3697337 |
| Osaic Holdings, Inc., 8%, 8/01/2033 (n) | 2312000 | &nbsp;&nbsp;&nbsp; 2357710 |
|  |  | &nbsp;&nbsp;&nbsp; $9998597 |
| Building – 2.9% | Building – 2.9% | Building – 2.9% |
| AmeriTex Holdco Intermediate LLC, 7.625%, 8/15/2033 (n) | $1559000 | &nbsp;&nbsp;&nbsp; $1620563 |
| Cornerstone Building Brands, Inc., 9.5%, 8/15/2029 (n) | 714000 | &nbsp;&nbsp;&nbsp; 454077 |
| Knife River Corp., 7.75%, 5/01/2031 (n) | 1204000 | &nbsp;&nbsp;&nbsp; 1250158 |
| LBM Acquisition LLC, 6.25%, 1/15/2029 (n) | 955000 | &nbsp;&nbsp;&nbsp; 661816 |
| LBM Acquisition LLC, 9.5%, 6/15/2031 (n) | 1440000 | &nbsp;&nbsp;&nbsp; 1259978 |
| Miter Brands Acquisition Holdco, Inc., 6.75%, 4/01/2032 (n) | 625000 | &nbsp;&nbsp;&nbsp; 617775 |
| MIWD Holdco II LLC/MIWD Finance Co., 5.5%, 2/01/2030 (n) | 1370000 | &nbsp;&nbsp;&nbsp; 1263914 |
| New Enterprise Stone & Lime Co., Inc., 9.75%, 7/15/2028 (n) | 652000 | &nbsp;&nbsp;&nbsp; 656656 |
| Patrick Industries, Inc., 6.375%, 11/01/2032 (n) | 1988000 | &nbsp;&nbsp;&nbsp; 2000202 |
| Quikrete Holdings, Inc., 6.375%, 3/01/2032 (n) | 3606000 | &nbsp;&nbsp;&nbsp; 3662896 |
| White Cap Supply Holding Co., 7.375%, 11/15/2030 (n) | 1853000 | &nbsp;&nbsp;&nbsp; 1873657 |
|  |  | &nbsp;&nbsp;&nbsp; $15321692 |

---

------

*Portfolio of Investments (unaudited) – continued*

---

| | | |
|:---|:---|:---|
| **Issuer** | **Shares/Par** | **Value ($)** |
| Bonds – continued  | Bonds – continued  | Bonds – continued  |
| Business Services – 3.6% | Business Services – 3.6% | Business Services – 3.6% |
| ams-OSRAM AG, 10.5%, 3/30/2029  | 876000 | &nbsp;&nbsp;&nbsp; $1082868 |
| athenahealth, Inc., 6.5%, 2/15/2030 (n) | $1940000 | &nbsp;&nbsp;&nbsp; 1849106 |
| Black Pearl Compute LLC, 6.125%, 2/15/2031 (n) | 2137000 | &nbsp;&nbsp;&nbsp; 2168174 |
| CACI International, Inc., 6.375%, 6/15/2033 (n) | 2869000 | &nbsp;&nbsp;&nbsp; 2935140 |
| ION Platform Finance US, Inc., 7.875%, 9/30/2032 (n) | 1584000 | &nbsp;&nbsp;&nbsp; 1230968 |
| Iron Mountain, Inc., 5.625%, 7/15/2032 (n) | 1887000 | &nbsp;&nbsp;&nbsp; 1873557 |
| Iron Mountain, Inc., 6.25%, 1/15/2033 (n) | 1577000 | &nbsp;&nbsp;&nbsp; 1601423 |
| Meridian Arc HoldCo LLC, 6.25%, 4/30/2031 (n) | 2259000 | &nbsp;&nbsp;&nbsp; 2258486 |
| SV RNO Property Owner 1 LLC, 5.875%, 3/01/2031 (n) | 2327000 | &nbsp;&nbsp;&nbsp; 2283133 |
| Wulf Compute LLC, 7.75%, 10/15/2030 (n) | 1525000 | &nbsp;&nbsp;&nbsp; 1602768 |
|  |  | &nbsp;&nbsp;&nbsp; $18885623 |
| Cable TV – 4.4% | Cable TV – 4.4% | Cable TV – 4.4% |
| Cable One, Inc., 4%, 11/15/2030 (n) | $1308000 | &nbsp;&nbsp;&nbsp; $912067 |
| CCO Holdings LLC/CCO Holdings Capital Corp., 4.75%, 3/01/2030 (n) | 4715000 | &nbsp;&nbsp;&nbsp; 4469487 |
| CCO Holdings LLC/CCO Holdings Capital Corp., 4.5%, 8/15/2030 (n) | 3282000 | &nbsp;&nbsp;&nbsp; 3061335 |
| CCO Holdings LLC/CCO Holdings Capital Corp., 4.5%, 5/01/2032  | 905000 | &nbsp;&nbsp;&nbsp; 794733 |
| CSC Holdings LLC, 5.375%, 2/01/2028 (n) | 2150000 | &nbsp;&nbsp;&nbsp; 1605138 |
| CSC Holdings LLC, 5.75%, 1/15/2030 (n) | 1290000 | &nbsp;&nbsp;&nbsp; 458032 |
| CSC Holdings LLC, 4.125%, 12/01/2030 (n) | 775000 | &nbsp;&nbsp;&nbsp; 461406 |
| DIRECTV Financing LLC, 8.875%, 2/01/2030 (n) | 710000 | &nbsp;&nbsp;&nbsp; 721796 |
| DIRECTV Holdings LLC/DIRECTV Financing Co., Inc., 10%, 2/15/2031 (n) | 512000 | &nbsp;&nbsp;&nbsp; 532731 |
| DISH DBS Corp., 5.125%, 6/01/2029  | 1496000 | &nbsp;&nbsp;&nbsp; 1377514 |
| DISH Network Corp., 11.75%, 11/15/2027 (n) | 1356000 | &nbsp;&nbsp;&nbsp; 1399799 |
| EchoStar Corp., 10.75%, 11/30/2029  | 1524355 | &nbsp;&nbsp;&nbsp; 1655072 |
| EchoStar Corp., 6.75% (6.75% Cash or 6.75% PIK) to 5/30/2027, 6.75% Cash to 11/30/2030 (p) | 1478029 | &nbsp;&nbsp;&nbsp; 1499633 |
| Virgin Media Finance PLC, 5%, 7/15/2030 (n) | 1579000 | &nbsp;&nbsp;&nbsp; 1330980 |
| Ziggo Bond Co. B.V., 5.125%, 2/28/2030 (n) | 2706000 | &nbsp;&nbsp;&nbsp; 2373701 |
|  |  | &nbsp;&nbsp;&nbsp; $22653424 |
| Chemicals – 2.4% | Chemicals – 2.4% | Chemicals – 2.4% |
| Cerdia Finanz GmbH, 9.375%, 10/03/2031 (n) | $1352000 | &nbsp;&nbsp;&nbsp; $1294540 |
| Chemours Co., 4.625%, 11/15/2029 (n) | 2344000 | &nbsp;&nbsp;&nbsp; 2248336 |
| FMC Corp., 8.45% to 11/01/2030, FLR (CMT - 5yr. + 4.366%) to 11/01/2055  | 778000 | &nbsp;&nbsp;&nbsp; 515607 |
| Maxam Prill S.à r.l., 6%, 7/15/2030 (n) | 1528000 | &nbsp;&nbsp;&nbsp; 1811016 |
| Qnity Electronics, Inc., 5.75%, 8/15/2032 (n) | $1377000 | &nbsp;&nbsp;&nbsp; 1390248 |
| Qnity Electronics, Inc., 6.25%, 8/15/2033 (n) | 1082000 | &nbsp;&nbsp;&nbsp; 1107022 |
| SCIH Salt Holdings, Inc., 6.625%, 5/01/2029 (n) | 2097000 | &nbsp;&nbsp;&nbsp; 2081503 |
| W.R. Grace Holdings LLC, 7%, 8/01/2033 (n) | 2174000 | &nbsp;&nbsp;&nbsp; 2159521 |
|  |  | &nbsp;&nbsp;&nbsp; $12607793 |
| Conglomerates – 1.4% | Conglomerates – 1.4% | Conglomerates – 1.4% |
| Amsted Industries, Inc., 6.375%, 3/15/2033 (n) | $1506000 | &nbsp;&nbsp;&nbsp; $1532072 |
| Columbia Pipelines Holdings Co. LLC, 7.125%, 2/01/2033 (n) | 1398000 | &nbsp;&nbsp;&nbsp; 1405976 |
| CompoSecure Holdings LLC, 5.625%, 2/01/2033 (n) | 1408000 | &nbsp;&nbsp;&nbsp; 1380108 |
| Emerald Debt Merger, 6.625%, 12/15/2030 (n) | 1233000 | &nbsp;&nbsp;&nbsp; 1262319 |
| ESAB Corp., 5.625%, 4/01/2031 (n) | 1855000 | &nbsp;&nbsp;&nbsp; 1872082 |
|  |  | &nbsp;&nbsp;&nbsp; $7452557 |
| Construction – 1.3% | Construction – 1.3% | Construction – 1.3% |
| Empire Communities Corp., 9.75%, 5/01/2029 (n) | $1537000 | &nbsp;&nbsp;&nbsp; $1566580 |
| Mattamy Group Corp., 4.625%, 3/01/2030 (n) | 1037000 | &nbsp;&nbsp;&nbsp; 990350 |
| Mattamy Group Corp., 6%, 12/15/2033 (n) | 1097000 | &nbsp;&nbsp;&nbsp; 1053192 |
| New Home Co., 8.5%, 11/01/2030 (n) | 1603000 | &nbsp;&nbsp;&nbsp; 1637822 |
| Weekley Homes LLC/Weekley Finance Corp., 4.875%, 9/15/2028 (n) | 1360000 | &nbsp;&nbsp;&nbsp; 1329716 |
|  |  | &nbsp;&nbsp;&nbsp; $6577660 |

---

------

*Portfolio of Investments (unaudited) – continued*

---

| | | |
|:---|:---|:---|
| **Issuer** | **Shares/Par** | **Value ($)** |
| Bonds – continued  | Bonds – continued  | Bonds – continued  |
| Consumer Products – 1.9% | Consumer Products – 1.9% | Consumer Products – 1.9% |
| Acushnet Co., 5.625%, 12/01/2033 (n) | $1932000 | &nbsp;&nbsp;&nbsp; $1940976 |
| CD&R Smokey Buyer, Inc./Radio Systems Corp., 9.5%, 10/15/2029 (n) | 1456000 | &nbsp;&nbsp;&nbsp; 1207776 |
| Champ Acquisition Corp., 8.375%, 12/01/2031 (n) | 1394000 | &nbsp;&nbsp;&nbsp; 1468550 |
| Energizer Holdings, Inc., 4.375%, 3/31/2029 (n) | 1346000 | &nbsp;&nbsp;&nbsp; 1294813 |
| Energizer Holdings, Inc., 6%, 9/15/2033 (n) | 540000 | &nbsp;&nbsp;&nbsp; 516403 |
| MajorDrive Holdings IV LLC, 6.375%, 6/01/2029 (n) | 739000 | &nbsp;&nbsp;&nbsp; 617943 |
| Prestige Consumer Healthcare, Inc., 5.125%, 1/15/2028 (n) | 1256000 | &nbsp;&nbsp;&nbsp; 1254137 |
| Prestige Consumer Healthcare, Inc., 3.75%, 4/01/2031 (n) | 1496000 | &nbsp;&nbsp;&nbsp; 1381796 |
|  |  | &nbsp;&nbsp;&nbsp; $9682394 |
| Consumer Services – 2.7% | Consumer Services – 2.7% | Consumer Services – 2.7% |
| Allied Universal Holdco LLC, 6.875%, 6/15/2030 (n) | $838000 | &nbsp;&nbsp;&nbsp; $862178 |
| Allied Universal Holdco LLC, 7.875%, 2/15/2031 (n) | 1487000 | &nbsp;&nbsp;&nbsp; 1559673 |
| Arches Buyer, Inc., 6.125%, 12/01/2028 (n) | 1632000 | &nbsp;&nbsp;&nbsp; 1586699 |
| Garda World Security Corp., 6.5%, 1/15/2031 (n) | 783000 | &nbsp;&nbsp;&nbsp; 799892 |
| Garda World Security Corp., 8.375%, 11/15/2032 (n) | 1864000 | &nbsp;&nbsp;&nbsp; 1923234 |
| Raven Acquisition Holdings LLC, 6.875%, 11/15/2031 (n) | 2031000 | &nbsp;&nbsp;&nbsp; 2010490 |
| Service Corp. International, 5.75%, 10/15/2032  | 3294000 | &nbsp;&nbsp;&nbsp; 3323043 |
| TriNet Group, Inc., 3.5%, 3/01/2029 (n) | 1365000 | &nbsp;&nbsp;&nbsp; 1268802 |
| TriNet Group, Inc., 7.125%, 8/15/2031 (n) | 687000 | &nbsp;&nbsp;&nbsp; 681930 |
|  |  | &nbsp;&nbsp;&nbsp; $14015941 |
| Containers – 1.1% | Containers – 1.1% | Containers – 1.1% |
| Ball Corp., 6%, 6/15/2029  | $1113000 | &nbsp;&nbsp;&nbsp; $1132304 |
| Ball Corp., 2.875%, 8/15/2030  | 2575000 | &nbsp;&nbsp;&nbsp; 2342279 |
| Clydesdale Acquisition Holdings, Inc., 8.75%, 4/15/2030 (n) | 1378000 | &nbsp;&nbsp;&nbsp; 1250295 |
| Crown Americas LLC, 5.875%, 6/01/2033  | 1206000 | &nbsp;&nbsp;&nbsp; 1214770 |
|  |  | &nbsp;&nbsp;&nbsp; $5939648 |
| Diversified Financial Services – 6.3% | Diversified Financial Services – 6.3% | Diversified Financial Services – 6.3% |
| Azorra Finance Ltd., 7.75%, 4/15/2030 (n) | $1894000 | &nbsp;&nbsp;&nbsp; $1962061 |
| Credit Acceptance Corp., 9.25%, 12/15/2028 (n) | 675000 | &nbsp;&nbsp;&nbsp; 703895 |
| Credit Acceptance Corp., 6.625%, 3/15/2030 (n) | 1366000 | &nbsp;&nbsp;&nbsp; 1361438 |
| CrossCountry Intermediate HoldCo LLC, 6.5%, 10/01/2030 (n) | 1122000 | &nbsp;&nbsp;&nbsp; 1102315 |
| CrossCountry Intermediate HoldCo LLC, 6.75%, 12/01/2032 (n) | 600000 | &nbsp;&nbsp;&nbsp; 579947 |
| FirstCash, Inc., 6.125%, 5/01/2034 (n)(w) | 1504000 | &nbsp;&nbsp;&nbsp; 1500427 |
| Freedom Mortgage Holdings LLC, 9.25%, 2/01/2029 (n) | 1441000 | &nbsp;&nbsp;&nbsp; 1492919 |
| Freedom Mortgage Holdings LLC, 6.875%, 5/01/2031 (n) | 745000 | &nbsp;&nbsp;&nbsp; 718617 |
| Freedom Mortgage Holdings LLC, 9.125%, 5/15/2031 (n) | 684000 | &nbsp;&nbsp;&nbsp; 708463 |
| FTAI Aviation Ltd., 5.5%, 5/01/2028 (n) | 1356000 | &nbsp;&nbsp;&nbsp; 1355441 |
| FTAI Aviation Ltd., 7.875%, 12/01/2030 (n) | 1205000 | &nbsp;&nbsp;&nbsp; 1265221 |
| Global Aircraft Leasing Co. Ltd., 8.75%, 9/01/2027 (n) | 1203000 | &nbsp;&nbsp;&nbsp; 1220216 |
| Icahn Enterprises LP/Icahn Enterprises Finance Corp., 9.75%, 1/15/2029  | 1352000 | &nbsp;&nbsp;&nbsp; 1358880 |
| Icahn Enterprises LP/Icahn Enterprises Finance Corp., 10%, 11/15/2029 (n) | 668000 | &nbsp;&nbsp;&nbsp; 673831 |
| Jefferson Capital Holdings LLC, 8.25%, 5/15/2030 (n) | 1305000 | &nbsp;&nbsp;&nbsp; 1365769 |
| Navient Corp., 9.375%, 7/25/2030  | 773000 | &nbsp;&nbsp;&nbsp; 802163 |
| OneMain Finance Corp., 6.625%, 5/15/2029  | 1569000 | &nbsp;&nbsp;&nbsp; 1596042 |
| OneMain Finance Corp., 5.375%, 11/15/2029  | 906000 | &nbsp;&nbsp;&nbsp; 893088 |
| OneMain Finance Corp., 7.5%, 5/15/2031  | 1049000 | &nbsp;&nbsp;&nbsp; 1075497 |
| OneMain Finance Corp., 6.75%, 9/15/2033  | 1044000 | &nbsp;&nbsp;&nbsp; 1026876 |
| PennyMac Financial Services, Inc., 6.875%, 2/15/2033 (n) | 3422000 | &nbsp;&nbsp;&nbsp; 3365036 |
| Rocket Cos., Inc., 6.125%, 8/01/2030 (n) | 1018000 | &nbsp;&nbsp;&nbsp; 1033102 |
| Rocket Cos., Inc., 6.375%, 8/01/2033 (n) | 2503000 | &nbsp;&nbsp;&nbsp; 2533524 |
| Rocket Cos., Inc., 4%, 10/15/2033 (n) | 536000 | &nbsp;&nbsp;&nbsp; 482921 |
| TrueNoord Capital DAC, 8.75%, 3/01/2030 (n) | 901000 | &nbsp;&nbsp;&nbsp; 918667 |
| Walker & Dunlop, Inc., 6.625%, 4/01/2033 (n) | 1676000 | &nbsp;&nbsp;&nbsp; 1666712 |
|  |  | &nbsp;&nbsp;&nbsp; $32763068 |

---

------

*Portfolio of Investments (unaudited) – continued*

---

| | | |
|:---|:---|:---|
| **Issuer** | **Shares/Par** | **Value ($)** |
| Bonds – continued  | Bonds – continued  | Bonds – continued  |
| Electrical Equipment – 0.3% | Electrical Equipment – 0.3% | Electrical Equipment – 0.3% |
| PR RNO Property Owner 1 LLC, 6.5%, 5/01/2031 (n)(w)  | $1579000 | &nbsp;&nbsp;&nbsp; $1565127 |
| Energy - Independent – 3.8% | Energy - Independent – 3.8% | Energy - Independent – 3.8% |
| California Resources Corp., 7%, 1/15/2034 (n) | $1391000 | &nbsp;&nbsp;&nbsp; $1419419 |
| Chord Energy Corp., 6%, 10/01/2030 (n) | 476000 | &nbsp;&nbsp;&nbsp; 485184 |
| Chord Energy Corp., 6.75%, 3/15/2033 (n) | 1577000 | &nbsp;&nbsp;&nbsp; 1640982 |
| CNX Resources Corp., 7.25%, 3/01/2032 (n) | 1893000 | &nbsp;&nbsp;&nbsp; 1972199 |
| Comstock Resources, Inc., 6.75%, 3/01/2029 (n) | 2248000 | &nbsp;&nbsp;&nbsp; 2247206 |
| Gulfport Energy Corp., 6.75%, 9/01/2029 (n) | 1911000 | &nbsp;&nbsp;&nbsp; 1960516 |
| Infinity Natural Resource Co., 7.625%, 4/01/2031 (n) | 1503000 | &nbsp;&nbsp;&nbsp; 1528410 |
| Kraken Oil & Gas Partners LLC, 7.625%, 8/15/2029 (n) | 1067000 | &nbsp;&nbsp;&nbsp; 1087214 |
| Magnolia Oil & Gas Operating LLC/Magnolia Oil & Gas Finance Corp., 6.875%, 12/01/2032 (n) | 1964000 | &nbsp;&nbsp;&nbsp; 2032109 |
| Matador Resources Co., 6.5%, 4/15/2032 (n) | 624000 | &nbsp;&nbsp;&nbsp; 637206 |
| Matador Resources Co., 6%, 4/15/2034 (n) | 786000 | &nbsp;&nbsp;&nbsp; 788987 |
| SM Energy Co., 8.625%, 11/01/2030 (n) | 646000 | &nbsp;&nbsp;&nbsp; 683323 |
| SM Energy Co., 8.75%, 7/01/2031 (n) | 1305000 | &nbsp;&nbsp;&nbsp; 1369028 |
| SM Energy Co., 6.625%, 4/15/2034 (n) | 764000 | &nbsp;&nbsp;&nbsp; 774562 |
| Wildfire Intermediate Holdings LLC, 7.5%, 10/15/2029 (n) | 1223000 | &nbsp;&nbsp;&nbsp; 1258718 |
|  |  | &nbsp;&nbsp;&nbsp; $19885063 |
| Entertainment & Leisure – 1.7% | Entertainment & Leisure – 1.7% | Entertainment & Leisure – 1.7% |
| Life Time, Inc., 6%, 11/15/2031 (n) | $1229000 | &nbsp;&nbsp;&nbsp; $1247586 |
| Lindblad Expeditions Holdings, Inc., 7%, 9/15/2030 (n) | 1433000 | &nbsp;&nbsp;&nbsp; 1472095 |
| Six Flags Entertainment Corp., 6.625%, 5/01/2032 (n) | 1060000 | &nbsp;&nbsp;&nbsp; 1078855 |
| Six Flags Entertainment Corp./Canada Wonderland Co., 8.625%, 1/15/2032 (n) | 1602000 | &nbsp;&nbsp;&nbsp; 1628675 |
| Viking Cruises Ltd. Co., 5.875%, 10/15/2033 (n) | 1233000 | &nbsp;&nbsp;&nbsp; 1236133 |
| Viking Ocean Cruises Ship VII Ltd., 5.625%, 2/15/2029 (n) | 2069000 | &nbsp;&nbsp;&nbsp; 2067653 |
|  |  | &nbsp;&nbsp;&nbsp; $8730997 |
| Food & Beverages – 2.9% | Food & Beverages – 2.9% | Food & Beverages – 2.9% |
| Chobani LLC/Chobani Finance Corp., 6.375%, 4/15/2034 (n) | $1810000 | &nbsp;&nbsp;&nbsp; $1846753 |
| Fiesta Purchaser, Inc., 7.875%, 3/01/2031 (n) | 756000 | &nbsp;&nbsp;&nbsp; 780702 |
| Fiesta Purchaser, Inc., 9.625%, 9/15/2032 (n) | 1071000 | &nbsp;&nbsp;&nbsp; 1107597 |
| Performance Food Group Co., 6.125%, 9/15/2032 (n) | 1171000 | &nbsp;&nbsp;&nbsp; 1187007 |
| Performance Food Group Co., 5.625%, 3/01/2034 (n) | 1173000 | &nbsp;&nbsp;&nbsp; 1148557 |
| Post Holdings, Inc., 4.625%, 4/15/2030 (n) | 3161000 | &nbsp;&nbsp;&nbsp; 3071020 |
| Post Holdings, Inc., 6.25%, 10/15/2034 (n) | 1165000 | &nbsp;&nbsp;&nbsp; 1150044 |
| U.S. Foods Holding Corp., 4.75%, 2/15/2029 (n) | 2634000 | &nbsp;&nbsp;&nbsp; 2605325 |
| U.S. Foods Holding Corp., 5.75%, 4/15/2033 (n) | 748000 | &nbsp;&nbsp;&nbsp; 750745 |
| Viking Baked Goods Acquisition Corp., 8.625%, 11/01/2031 (n) | 1302000 | &nbsp;&nbsp;&nbsp; 1329363 |
|  |  | &nbsp;&nbsp;&nbsp; $14977113 |
| Forest & Paper Products – 0.3% | Forest & Paper Products – 0.3% | Forest & Paper Products – 0.3% |
| Veritiv Operating Co., 10.5%, 11/30/2030 (n)  | $1337000 | &nbsp;&nbsp;&nbsp; $1408897 |
| Hardware, Peripherals, & Assembly – 0.8% | Hardware, Peripherals, & Assembly – 0.8% | Hardware, Peripherals, & Assembly – 0.8% |
| SS&C Technologies Holdings, Inc., 6.5%, 6/01/2032 (n) | $1237000 | &nbsp;&nbsp;&nbsp; $1251637 |
| Virtusa Corp., 7.125%, 12/15/2028 (n) | 1107000 | &nbsp;&nbsp;&nbsp; 920479 |
| Zebra Technologies Corp., "A", 6.5%, 6/01/2032 (n) | 1846000 | &nbsp;&nbsp;&nbsp; 1881910 |
|  |  | &nbsp;&nbsp;&nbsp; $4054026 |
| Industrial – 1.5% | Industrial – 1.5% | Industrial – 1.5% |
| AECOM, 6%, 8/01/2033 (n) | $2304000 | &nbsp;&nbsp;&nbsp; $2322808 |
| APi Escrow Corp., 4.75%, 10/15/2029 (n) | 2775000 | &nbsp;&nbsp;&nbsp; 2719215 |
| Brundage-Bone Concrete Pumping Holdings, Inc., 7.5%, 2/01/2032 (n) | 1277000 | &nbsp;&nbsp;&nbsp; 1297814 |
| SE Cosmos LLC, 8.875%, 5/01/2031 (n)(w) | 1706000 | &nbsp;&nbsp;&nbsp; 1697470 |
|  |  | &nbsp;&nbsp;&nbsp; $8037307 |

---

------

*Portfolio of Investments (unaudited) – continued*

---

| | | |
|:---|:---|:---|
| **Issuer** | **Shares/Par** | **Value ($)** |
| Bonds – continued  | Bonds – continued  | Bonds – continued  |
| Insurance - Health – 0.8% | Insurance - Health – 0.8% | Insurance - Health – 0.8% |
| Centene Corp., 4.625%, 12/15/2029  | $753000 | &nbsp;&nbsp;&nbsp; $734098 |
| Centene Corp., 3%, 10/15/2030  | 1206000 | &nbsp;&nbsp;&nbsp; 1084276 |
| Molina Healthcare, Inc., 6.5%, 2/15/2031 (n) | 2490000 | &nbsp;&nbsp;&nbsp; 2533450 |
|  |  | &nbsp;&nbsp;&nbsp; $4351824 |
| Insurance - Property & Casualty – 4.2% | Insurance - Property & Casualty – 4.2% | Insurance - Property & Casualty – 4.2% |
| Acrisure LLC/Acrisure Finance, Inc., 7.5%, 11/06/2030 (n) | $511000 | &nbsp;&nbsp;&nbsp; $518933 |
| Acrisure LLC/Acrisure Finance, Inc., 6.75%, 7/01/2032 (n) | 2097000 | &nbsp;&nbsp;&nbsp; 2065989 |
| Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer, 5.875%, 11/01/2029 (n) | 871000 | &nbsp;&nbsp;&nbsp; 853821 |
| Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer, 7%, 1/15/2031 (n) | 1264000 | &nbsp;&nbsp;&nbsp; 1290030 |
| Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer, 6.5%, 10/01/2031 (n) | 587000 | &nbsp;&nbsp;&nbsp; 592018 |
| Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer, 7.375%, 10/01/2032 (n) | 903000 | &nbsp;&nbsp;&nbsp; 887278 |
| Amynta Agency Borrower, Inc., 7.5%, 7/15/2033 (n) | 1581000 | &nbsp;&nbsp;&nbsp; 1541621 |
| Ardonagh Finco Ltd., 6.875%, 2/15/2031  | 852000 | &nbsp;&nbsp;&nbsp; 1001098 |
| Ardonagh Finco Ltd., 7.75%, 2/15/2031 (n) | $200000 | &nbsp;&nbsp;&nbsp; 204176 |
| Asurion LLC, 8%, 12/31/2032 (n) | 1707000 | &nbsp;&nbsp;&nbsp; 1783113 |
| Asurion LLC, 8.375%, 2/01/2034 (n) | 1737000 | &nbsp;&nbsp;&nbsp; 1713738 |
| Baldwin Insurance Group Holdings LLC, 7.125%, 5/15/2031 (n) | 2112000 | &nbsp;&nbsp;&nbsp; 2138362 |
| Broadstreet Partners, Inc., 5.875%, 4/15/2029 (n) | 621000 | &nbsp;&nbsp;&nbsp; 611496 |
| Hub International Ltd., 5.625%, 12/01/2029 (n) | 482000 | &nbsp;&nbsp;&nbsp; 475946 |
| Hub International Ltd., 7.25%, 6/15/2030 (n) | 1817000 | &nbsp;&nbsp;&nbsp; 1879634 |
| Hub International Ltd., 7.375%, 1/31/2032 (n) | 1005000 | &nbsp;&nbsp;&nbsp; 1029493 |
| Panther Escrow Issuer, 7.125%, 6/01/2031 (n) | 3069000 | &nbsp;&nbsp;&nbsp; 3083371 |
|  |  | &nbsp;&nbsp;&nbsp; $21670117 |
| Interactive Media Services – 0.4% | Interactive Media Services – 0.4% | Interactive Media Services – 0.4% |
| Snap, Inc., 6.875%, 3/01/2033 (n)  | $1986000 | &nbsp;&nbsp;&nbsp; $1933445 |
| Machinery & Tools – 1.1% | Machinery & Tools – 1.1% | Machinery & Tools – 1.1% |
| Manitowoc Co., Inc., 9.25%, 10/01/2031 (n) | $1220000 | &nbsp;&nbsp;&nbsp; $1304433 |
| Ritchie Bros Holdings, Inc., 7.75%, 3/15/2031 (n) | 3118000 | &nbsp;&nbsp;&nbsp; 3237355 |
| Terex Corp., 6.25%, 10/15/2032 (n) | 1239000 | &nbsp;&nbsp;&nbsp; 1259279 |
|  |  | &nbsp;&nbsp;&nbsp; $5801067 |
| Media – 3.8% | Media – 3.8% | Media – 3.8% |
| Discovery Global Holdings, Inc., 4.279%, 3/15/2032  | $310000 | &nbsp;&nbsp;&nbsp; $280776 |
| Dotdash Meredith, Inc., 7.625%, 6/15/2032 (n) | 1429000 | &nbsp;&nbsp;&nbsp; 1341274 |
| Graham Holdings Co., 5.625%, 12/01/2033 (n) | 1709000 | &nbsp;&nbsp;&nbsp; 1691578 |
| Gray Media, Inc., 4.75%, 10/15/2030 (n) | 620000 | &nbsp;&nbsp;&nbsp; 496331 |
| Gray Media, Inc., 9.625%, 7/15/2032 (n) | 1151000 | &nbsp;&nbsp;&nbsp; 1170239 |
| Gray Media, Inc., 7.25%, 8/15/2033 (n) | 943000 | &nbsp;&nbsp;&nbsp; 960208 |
| Nexstar Media, Inc., 6.5%, 9/15/2033 (n) | 2137000 | &nbsp;&nbsp;&nbsp; 2153446 |
| Nexstar Media, Inc., 7.25%, 4/15/2034 (n) | 1136000 | &nbsp;&nbsp;&nbsp; 1143255 |
| Paramount Global, 4.95%, 1/15/2031  | 620000 | &nbsp;&nbsp;&nbsp; 584851 |
| Scripps Escrow II, Inc., 3.875%, 1/15/2029 (n) | 986000 | &nbsp;&nbsp;&nbsp; 934272 |
| Sinclair Television Group, Inc., 8.125%, 2/15/2033 (n) | 1554000 | &nbsp;&nbsp;&nbsp; 1609276 |
| Stagwell Global LLC, 5.625%, 8/15/2029 (n) | 1755000 | &nbsp;&nbsp;&nbsp; 1669452 |
| Univision Communications, Inc., 8.5%, 7/31/2031 (n) | 2072000 | &nbsp;&nbsp;&nbsp; 2102872 |
| Univision Communications, Inc., 8.875%, 4/15/2033 (n) | 920000 | &nbsp;&nbsp;&nbsp; 925014 |
| Versant Media Group, Inc., 7.25%, 1/30/2031 (n) | 929000 | &nbsp;&nbsp;&nbsp; 964548 |
| ViacomCBS, Inc., 4.375%, 3/15/2043  | 929000 | &nbsp;&nbsp;&nbsp; 592422 |
| WarnerMedia Holdings, Inc., 5.05%, 3/15/2042  | 1690000 | &nbsp;&nbsp;&nbsp; 1205866 |
|  |  | &nbsp;&nbsp;&nbsp; $19825680 |
| Medical & Health Technology & Services – 3.9% | Medical & Health Technology & Services – 3.9% | Medical & Health Technology & Services – 3.9% |
| Acadia Healthcare Co., Inc., 7.375%, 3/15/2033 (n) | $1582000 | &nbsp;&nbsp;&nbsp; $1618215 |
| Bausch & Lomb Escrow Corp., 8.375%, 10/01/2028 (n) | 1312000 | &nbsp;&nbsp;&nbsp; 1354640 |
| CHS/Community Health Systems, Inc., 6.125%, 4/01/2030 (n) | 1838000 | &nbsp;&nbsp;&nbsp; 1629488 |
| CHS/Community Health Systems, Inc., 5.25%, 5/15/2030 (n) | 2994000 | &nbsp;&nbsp;&nbsp; 2827042 |

---

------

*Portfolio of Investments (unaudited) – continued*

---

| | | |
|:---|:---|:---|
| **Issuer** | **Shares/Par** | **Value ($)** |
| Bonds – continued  | Bonds – continued  | Bonds – continued  |
| Medical & Health Technology & Services – continued | Medical & Health Technology & Services – continued | Medical & Health Technology & Services – continued |
| Concentra, Inc., 6.875%, 7/15/2032 (n) | $1590000 | &nbsp;&nbsp;&nbsp; $1647703 |
| Encompass Health Corp., 4.75%, 2/01/2030  | 1858000 | &nbsp;&nbsp;&nbsp; 1829229 |
| Encompass Health Corp., 4.625%, 4/01/2031  | 599000 | &nbsp;&nbsp;&nbsp; 582569 |
| IQVIA, Inc., 5%, 5/15/2027 (n) | 1263000 | &nbsp;&nbsp;&nbsp; 1261985 |
| IQVIA, Inc., 6.5%, 5/15/2030 (n) | 1715000 | &nbsp;&nbsp;&nbsp; 1750320 |
| IQVIA, Inc., 6.25%, 6/01/2032 (n) | 820000 | &nbsp;&nbsp;&nbsp; 835085 |
| Prime Healthcare Services, Inc., 9.375%, 9/01/2029 (n) | 1242000 | &nbsp;&nbsp;&nbsp; 1287922 |
| Star Parent, Inc., 9%, 10/01/2030 (n) | 931000 | &nbsp;&nbsp;&nbsp; 975273 |
| Surgery Center Holdings, Inc., 7.25%, 4/15/2032 (n) | 1839000 | &nbsp;&nbsp;&nbsp; 1834090 |
| U.S. Acute Care Solutions LLC, 9.75%, 5/15/2029 (n) | 1180000 | &nbsp;&nbsp;&nbsp; 1115144 |
|  |  | &nbsp;&nbsp;&nbsp; $20548705 |
| Medical Equipment – 0.9% | Medical Equipment – 0.9% | Medical Equipment – 0.9% |
| Insulet Corp., 6.5%, 4/01/2033 (n) | $1775000 | &nbsp;&nbsp;&nbsp; $1811916 |
| Medline Borrower LP, 5.25%, 10/01/2029 (n) | 2094000 | &nbsp;&nbsp;&nbsp; 2083971 |
| Medline Borrower LP/Medline Co-Issuer, Inc., 6.25%, 4/01/2029 (n) | 903000 | &nbsp;&nbsp;&nbsp; 923427 |
|  |  | &nbsp;&nbsp;&nbsp; $4819314 |
| Metals & Mining – 2.9% | Metals & Mining – 2.9% | Metals & Mining – 2.9% |
| Baffinland Iron Mines Corp./Baffinland Iron Mines LP, 8.75%, 7/15/2026 (n) | $1854000 | &nbsp;&nbsp;&nbsp; $1483200 |
| Coeur Mining, Inc., 6.875%, 4/01/2032 (n) | 1328000 | &nbsp;&nbsp;&nbsp; 1368670 |
| Eldorado Gold Corp., 6.25%, 9/01/2029 (n) | 1750000 | &nbsp;&nbsp;&nbsp; 1746294 |
| First Quantum Minerals Ltd., 8%, 3/01/2033 (n) | 1135000 | &nbsp;&nbsp;&nbsp; 1192590 |
| Fortescue Treasury Pty Ltd., 4.375%, 4/01/2031 (n) | 2997000 | &nbsp;&nbsp;&nbsp; 2863748 |
| IAMGOLD Corp., 5.75%, 10/15/2028 (n) | 1297000 | &nbsp;&nbsp;&nbsp; 1289005 |
| Mineral Resources Ltd., 9.25%, 10/01/2028 (n) | 1394000 | &nbsp;&nbsp;&nbsp; 1446819 |
| Mineral Resources Ltd., 6%, 5/01/2032 (n) | 917000 | &nbsp;&nbsp;&nbsp; 909891 |
| Petra Diamonds US$ Treasury PLC, 9.75%, 3/08/2030 (a)(z) | 901009 | &nbsp;&nbsp;&nbsp; 499102 |
| SunCoke Energy, Inc., 4.875%, 6/30/2029 (n) | 620000 | &nbsp;&nbsp;&nbsp; 571601 |
| Taseko Mines Ltd., 8.25%, 5/01/2030 (n) | 1556000 | &nbsp;&nbsp;&nbsp; 1628892 |
|  |  | &nbsp;&nbsp;&nbsp; $14999812 |
| Midstream – 6.5% | Midstream – 6.5% | Midstream – 6.5% |
| Antero Midstream Corp., 5.75%, 7/01/2034 (n) | $3109000 | &nbsp;&nbsp;&nbsp; $3100988 |
| Delek Logistics Partners LP/Delek Logistics Corp., 8.625%, 3/15/2029 (n) | 1985000 | &nbsp;&nbsp;&nbsp; 2071058 |
| Delek Logistics Partners LP/Delek Logistics Corp., 7.375%, 6/30/2033 (n) | 766000 | &nbsp;&nbsp;&nbsp; 790545 |
| Genesis Energy LP/Genesis Energy Finance Corp., 8.25%, 1/15/2029  | 1644000 | &nbsp;&nbsp;&nbsp; 1708705 |
| Genesis Energy LP/Genesis Energy Finance Corp., 6.75%, 3/15/2034  | 895000 | &nbsp;&nbsp;&nbsp; 901461 |
| NuStar Logistics LP, 6.375%, 10/01/2030  | 1882000 | &nbsp;&nbsp;&nbsp; 1956386 |
| Prairie Acquiror LP, 9%, 8/01/2029 (n) | 1410000 | &nbsp;&nbsp;&nbsp; 1472423 |
| Rockies Express Pipeline LLC, 6.75%, 3/15/2033 (n) | 887000 | &nbsp;&nbsp;&nbsp; 924809 |
| Rockies Express Pipeline LLC, 6.875%, 4/15/2040 (n) | 1561000 | &nbsp;&nbsp;&nbsp; 1576427 |
| Sunoco LP, 4.625%, 5/01/2030 (n) | 1731000 | &nbsp;&nbsp;&nbsp; 1683474 |
| Sunoco LP, 7.25%, 5/01/2032 (n) | 2328000 | &nbsp;&nbsp;&nbsp; 2438180 |
| Sunoco LP, 6.625%, 8/15/2032 (n) | 791000 | &nbsp;&nbsp;&nbsp; 808725 |
| Tallgrass Energy Partners LP, 5.5%, 1/15/2028 (n) | 2589000 | &nbsp;&nbsp;&nbsp; 2582765 |
| Tallgrass Energy Partners LP, 7.375%, 2/15/2029 (n) | 750000 | &nbsp;&nbsp;&nbsp; 772674 |
| Tallgrass Energy Partners LP, 6.75%, 3/15/2034 (n) | 405000 | &nbsp;&nbsp;&nbsp; 413823 |
| TransMontaigne Partners LLC, 8.5%, 6/15/2030 (n) | 1001000 | &nbsp;&nbsp;&nbsp; 1035967 |
| Venture Global LNG, Inc., 8.125%, 6/01/2028 (n) | 783000 | &nbsp;&nbsp;&nbsp; 801182 |
| Venture Global LNG, Inc., 9.5%, 2/01/2029 (n) | 1162000 | &nbsp;&nbsp;&nbsp; 1268168 |
| Venture Global LNG, Inc., 8.375%, 6/01/2031 (n) | 1643000 | &nbsp;&nbsp;&nbsp; 1713048 |
| Venture Global LNG, Inc., 9% to 9/30/2029, FLR (CMT - 5yr. + 5.44%) to 3/30/2173 (n) | 2343000 | &nbsp;&nbsp;&nbsp; 2317327 |
| Venture Global Plaquemines LNG LLC, 7.5%, 5/01/2033 (n) | 600000 | &nbsp;&nbsp;&nbsp; 665378 |
| Venture Global Plaquemines LNG LLC, 6.5%, 1/15/2034 (n) | 1431000 | &nbsp;&nbsp;&nbsp; 1498974 |
| Venture Global Plaquemines LNG LLC, 6.75%, 1/15/2036 (n) | 1407000 | &nbsp;&nbsp;&nbsp; 1495697 |
|  |  | &nbsp;&nbsp;&nbsp; $33998184 |

---

------

*Portfolio of Investments (unaudited) – continued*

---

| | | |
|:---|:---|:---|
| **Issuer** | **Shares/Par** | **Value ($)** |
| Bonds – continued  | Bonds – continued  | Bonds – continued  |
| Network & Telecom – 0.9% | Network & Telecom – 0.9% | Network & Telecom – 0.9% |
| Altice Financing S.A., 5.75%, 8/15/2029 (n) | $850000 | &nbsp;&nbsp;&nbsp; $625691 |
| Iliad Holding S.A.S., 7%, 10/15/2028 (n) | 2107000 | &nbsp;&nbsp;&nbsp; 2121410 |
| Iliad Holding S.A.S., 5.375%, 4/15/2030 (n) | 350000 | &nbsp;&nbsp;&nbsp; 418889 |
| Iliad Holding S.A.S., 6.875%, 4/15/2031 (n) | 691000 | &nbsp;&nbsp;&nbsp; 852004 |
| Windstream Services LLC/Windstream Escrow, 8.25%, 10/01/2031 (n) | $687000 | &nbsp;&nbsp;&nbsp; 726639 |
|  |  | &nbsp;&nbsp;&nbsp; $4744633 |
| Oil Services – 1.1% | Oil Services – 1.1% | Oil Services – 1.1% |
| Nabors Industries, Inc., 8.875%, 8/15/2031 (n) | $1575000 | &nbsp;&nbsp;&nbsp; $1663077 |
| U.S.A. Compression Partners LP/Finance Co., 7.125%, 3/15/2029 (n) | 2269000 | &nbsp;&nbsp;&nbsp; 2344862 |
| Valaris Ltd., 8.375%, 4/30/2030 (n) | 1401000 | &nbsp;&nbsp;&nbsp; 1460919 |
|  |  | &nbsp;&nbsp;&nbsp; $5468858 |
| Pharmaceuticals & Biotechnology – 1.2% | Pharmaceuticals & Biotechnology – 1.2% | Pharmaceuticals & Biotechnology – 1.2% |
| 1261229 B.C. Ltd., 10%, 4/15/2032 (n) | $2233000 | &nbsp;&nbsp;&nbsp; $2306193 |
| Bausch Health Co., Inc., 4.875%, 6/01/2028 (n) | 405000 | &nbsp;&nbsp;&nbsp; 380429 |
| Bausch Health Co., Inc., 5.25%, 1/30/2030 (n) | 798000 | &nbsp;&nbsp;&nbsp; 519506 |
| Genmab A.S., 6.25%, 12/15/2032 (n) | 1873000 | &nbsp;&nbsp;&nbsp; 1922166 |
| Grifols S.A., 7.125%, 5/01/2030  | 911000 | &nbsp;&nbsp;&nbsp; 1109932 |
|  |  | &nbsp;&nbsp;&nbsp; $6238226 |
| Pollution Control – 1.1% | Pollution Control – 1.1% | Pollution Control – 1.1% |
| Clean Harbors, Inc., 5.75%, 10/15/2033 (n) | $2299000 | &nbsp;&nbsp;&nbsp; $2320346 |
| GFL Environmental, Inc., 4%, 8/01/2028 (n) | 1370000 | &nbsp;&nbsp;&nbsp; 1338896 |
| GFL Environmental, Inc., 6.75%, 1/15/2031 (n) | 896000 | &nbsp;&nbsp;&nbsp; 928959 |
| Wrangler Holdco Corp., 6.625%, 4/01/2032 (n) | 966000 | &nbsp;&nbsp;&nbsp; 996543 |
|  |  | &nbsp;&nbsp;&nbsp; $5584744 |
| Real Estate - Healthcare – 0.4% | Real Estate - Healthcare – 0.4% | Real Estate - Healthcare – 0.4% |
| MPT Operating Partnership LP/MPT Finance Corp., REIT, 4.625%, 8/01/2029  | $703000 | &nbsp;&nbsp;&nbsp; $581721 |
| MPT Operating Partnership LP/MPT Finance Corp., REIT, 8.5%, 2/15/2032 (n) | 1212000 | &nbsp;&nbsp;&nbsp; 1259146 |
|  |  | &nbsp;&nbsp;&nbsp; $1840867 |
| Real Estate - Other – 1.9% | Real Estate - Other – 1.9% | Real Estate - Other – 1.9% |
| Park Intermediate Holdings LLC, 4.875%, 5/15/2029 (n) | $2162000 | &nbsp;&nbsp;&nbsp; $2103070 |
| RHP Hotel Properties LP/RHP Finance Corp., 7.25%, 7/15/2028 (n) | 2572000 | &nbsp;&nbsp;&nbsp; 2631848 |
| RHP Hotel Properties LP/RHP Finance Corp., 6.5%, 4/01/2032 (n) | 321000 | &nbsp;&nbsp;&nbsp; 329382 |
| RHP Hotel Properties LP/RHP Finance Corp., 5.75%, 3/15/2034 (n) | 795000 | &nbsp;&nbsp;&nbsp; 790236 |
| Starwood Property Trust, Inc., 5.75%, 1/15/2031 (n) | 2025000 | &nbsp;&nbsp;&nbsp; 2023019 |
| XHR LP, REIT, 4.875%, 6/01/2029 (n) | 1976000 | &nbsp;&nbsp;&nbsp; 1939460 |
|  |  | &nbsp;&nbsp;&nbsp; $9817015 |
| Refining – 0.3% | Refining – 0.3% | Refining – 0.3% |
| PBF Holding Co. LLC, 7.875%, 9/15/2030 (n)  | $1354000 | &nbsp;&nbsp;&nbsp; $1387995 |
| Restaurants – 1.1% | Restaurants – 1.1% | Restaurants – 1.1% |
| 1011778 B.C. ULC/New Red Finance, Inc., 6.125%, 6/15/2029 (n) | $2102000 | &nbsp;&nbsp;&nbsp; $2139078 |
| 1011778 B.C. ULC/New Red Finance, Inc., 5.625%, 9/15/2029 (n) | 1070000 | &nbsp;&nbsp;&nbsp; 1079601 |
| 1011778 B.C. ULC/New Red Finance, Inc., 4%, 10/15/2030 (n) | 1376000 | &nbsp;&nbsp;&nbsp; 1309069 |
| Fertitta Entertainment LLC, 6.75%, 1/15/2030 (n) | 1389000 | &nbsp;&nbsp;&nbsp; 1345857 |
|  |  | &nbsp;&nbsp;&nbsp; $5873605 |
| Retail & E-commerce – 2.9% | Retail & E-commerce – 2.9% | Retail & E-commerce – 2.9% |
| Beach Acquisition Bidco LLC, 10% (10% Cash or 10.75% PIK), 7/15/2033 (n)(p) | $1951043 | &nbsp;&nbsp;&nbsp; $2146165 |
| Carvana Co., 9%, 6/01/2031 (n) | 3466450 | &nbsp;&nbsp;&nbsp; 3834749 |
| Macy's Retail Holdings LLC, 5.875%, 3/15/2030 (n) | 108000 | &nbsp;&nbsp;&nbsp; 107706 |
| Macy's Retail Holdings LLC, 7.375%, 8/01/2033 (n) | 1048000 | &nbsp;&nbsp;&nbsp; 1091616 |
| Mavis Tire Express Services Corp., 6.5%, 5/15/2029 (n) | 1313000 | &nbsp;&nbsp;&nbsp; 1309109 |
| Michaels Cos., Inc., 8.5%, 3/15/2033 (n) | 1788000 | &nbsp;&nbsp;&nbsp; 1765739 |

---

------

*Portfolio of Investments (unaudited) – continued*

---

| | | |
|:---|:---|:---|
| **Issuer** | **Shares/Par** | **Value ($)** |
| Bonds – continued  | Bonds – continued  | Bonds – continued  |
| Retail & E-commerce – continued | Retail & E-commerce – continued | Retail & E-commerce – continued |
| Michaels Cos., Inc., 11%, 3/15/2034 (n) | $631000 | &nbsp;&nbsp;&nbsp; $608918 |
| Penske Automotive Group Co., 3.75%, 6/15/2029  | 1258000 | &nbsp;&nbsp;&nbsp; 1205969 |
| Petco Health & Wellness Co., Inc., 8.25%, 2/01/2031 (n) | 1092000 | &nbsp;&nbsp;&nbsp; 1102785 |
| PetSmart LLC/PetSmart Finance Corp., 7.5%, 9/15/2032 (n) | 1790000 | &nbsp;&nbsp;&nbsp; 1812552 |
|  |  | &nbsp;&nbsp;&nbsp; $14985308 |
| Software – 3.0% | Software – 3.0% | Software – 3.0% |
| Amentum Escrow Corp., 7.25%, 8/01/2032 (n) | $1669000 | &nbsp;&nbsp;&nbsp; $1727598 |
| APLD ComputeCo LLC, 9.25%, 12/15/2030 (n) | 932000 | &nbsp;&nbsp;&nbsp; 1001793 |
| Cloud Software Group, Inc., 9%, 9/30/2029 (n) | 492000 | &nbsp;&nbsp;&nbsp; 483087 |
| Cloud Software Group, Inc., 8.25%, 6/30/2032 (n) | 1973000 | &nbsp;&nbsp;&nbsp; 1874425 |
| Cloud Software Group, Inc., 6.625%, 8/15/2033 (n) | 1242000 | &nbsp;&nbsp;&nbsp; 1112413 |
| CoreWeave, Inc., 9.25%, 6/01/2030 (n) | 544000 | &nbsp;&nbsp;&nbsp; 550859 |
| CoreWeave, Inc., 9.75%, 10/01/2031 (n) | 1464000 | &nbsp;&nbsp;&nbsp; 1472477 |
| Fair Isaac Corp., 6%, 5/15/2033 (n) | 2708000 | &nbsp;&nbsp;&nbsp; 2670695 |
| Flash Compute LLC, 7.25%, 12/31/2030 (n) | 1250000 | &nbsp;&nbsp;&nbsp; 1275088 |
| Neptune Bidco U.S., Inc., 9.29%, 4/15/2029 (n) | 1975000 | &nbsp;&nbsp;&nbsp; 1997415 |
| Neptune Bidco U.S., Inc., 10.375%, 5/15/2031 (n) | 585000 | &nbsp;&nbsp;&nbsp; 603703 |
| Neptune Bidco U.S., Inc., 9.5%, 2/15/2033 (n) | 649000 | &nbsp;&nbsp;&nbsp; 649515 |
|  |  | &nbsp;&nbsp;&nbsp; $15419068 |
| Supermarkets – 1.2% | Supermarkets – 1.2% | Supermarkets – 1.2% |
| Albertsons Cos. LLC/Safeway, Inc., 6.25%, 3/15/2033 (n) | $3517000 | &nbsp;&nbsp;&nbsp; $3548203 |
| KeHE Distributors LLC/KeHE Finance Corp., 9%, 2/15/2029 (n) | 1527000 | &nbsp;&nbsp;&nbsp; 1596194 |
| KeHE Distributors LLC/KeHE Finance Corp., 7.125%, 4/30/2033 (n) | 1085000 | &nbsp;&nbsp;&nbsp; 1098451 |
|  |  | &nbsp;&nbsp;&nbsp; $6242848 |
| Telecommunications - Wireless – 0.8% | Telecommunications - Wireless – 0.8% | Telecommunications - Wireless – 0.8% |
| Altice France S.A., 9.5%, 11/01/2029 (n) | $1186873 | &nbsp;&nbsp;&nbsp; $1211613 |
| Altice France S.A., 6.875%, 10/15/2030 (n) | 1441513 | &nbsp;&nbsp;&nbsp; 1417128 |
| Altice France S.A., 6.5%, 4/15/2032 (n) | 396493 | &nbsp;&nbsp;&nbsp; 389965 |
| Zegona Finance PLC, 8.625%, 7/15/2029 (n) | 1178000 | &nbsp;&nbsp;&nbsp; 1232276 |
|  |  | &nbsp;&nbsp;&nbsp; $4250982 |
| Telephone Services – 0.9% | Telephone Services – 0.9% | Telephone Services – 0.9% |
| Level 3 Financing, Inc., 6.875%, 6/30/2033 (n) | $845660 | &nbsp;&nbsp;&nbsp; $872748 |
| Level 3 Financing, Inc., 7%, 3/31/2034 (n) | 813093 | &nbsp;&nbsp;&nbsp; 843362 |
| Uniti Group/CSL Capital Co., 6.5%, 2/15/2029 (n) | 1567000 | &nbsp;&nbsp;&nbsp; 1539602 |
| Uniti Group/CSL Capital Co., 8.625%, 6/15/2032 (n) | 1178000 | &nbsp;&nbsp;&nbsp; 1232900 |
|  |  | &nbsp;&nbsp;&nbsp; $4488612 |
| Tobacco – 0.3% | Tobacco – 0.3% | Tobacco – 0.3% |
| Turning Point Brands, Inc., 7.625%, 3/15/2032 (n)  | $1491000 | &nbsp;&nbsp;&nbsp; $1536115 |
| Transportation & Logistics – 0.7% | Transportation & Logistics – 0.7% | Transportation & Logistics – 0.7% |
| GB AIT Buyer, Inc., 8.75%, 4/30/2034 (n) | $1053000 | &nbsp;&nbsp;&nbsp; $1059232 |
| RXO, Inc., 6.375%, 5/15/2031 (n) | 1355000 | &nbsp;&nbsp;&nbsp; 1341783 |
| XPO, Inc., 7.125%, 2/01/2032 (n) | 1239000 | &nbsp;&nbsp;&nbsp; 1292056 |
|  |  | &nbsp;&nbsp;&nbsp; $3693071 |
| Travel, Gaming, & Lodging – 2.9% | Travel, Gaming, & Lodging – 2.9% | Travel, Gaming, & Lodging – 2.9% |
| CDI Escrow Issuer, Inc., 5.75%, 4/01/2030 (n) | $2725000 | &nbsp;&nbsp;&nbsp; $2716103 |
| Hilton Domestic Operating Co., Inc., 4.875%, 1/15/2030  | 3145000 | &nbsp;&nbsp;&nbsp; 3121938 |
| Hilton Domestic Operating Co., Inc., 3.625%, 2/15/2032 (n) | 1776000 | &nbsp;&nbsp;&nbsp; 1625899 |
| Hilton Domestic Operating Co., Inc., 5.875%, 3/15/2033 (n) | 806000 | &nbsp;&nbsp;&nbsp; 816138 |
| Rivers Enterprise Lender LLC, 6.25%, 10/15/2030 (n) | 1358000 | &nbsp;&nbsp;&nbsp; 1381455 |
| Wyndham Hotels & Resorts, Inc., 4.375%, 8/15/2028 (n) | 2014000 | &nbsp;&nbsp;&nbsp; 1981371 |
| Wyndham Hotels Group LLC, 5.625%, 3/01/2033 (n) | 853000 | &nbsp;&nbsp;&nbsp; 844094 |
| Wynn Macau Ltd., 5.625%, 8/26/2028 (n) | 1955000 | &nbsp;&nbsp;&nbsp; 1940415 |

---

------

*Portfolio of Investments (unaudited) – continued*

---

| | | |
|:---|:---|:---|
| **Issuer** | **Shares/Par** | **Value ($)** |
| Bonds – continued  | Bonds – continued  | Bonds – continued  |
| Travel, Gaming, & Lodging – continued | Travel, Gaming, & Lodging – continued | Travel, Gaming, & Lodging – continued |
| Wynn Macau Ltd., 6.75%, 2/15/2034 (n) | $694000 | &nbsp;&nbsp;&nbsp; $695505 |
|  |  | &nbsp;&nbsp;&nbsp; $15122918 |
| Utilities – 4.1% | Utilities – 4.1% | Utilities – 4.1% |
| Clearway Energy Operating LLC, 3.75%, 2/15/2031 (n) | $2083000 | &nbsp;&nbsp;&nbsp; $1949220 |
| Clearway Energy Operating LLC, 5.75%, 1/15/2034 (n) | 1120000 | &nbsp;&nbsp;&nbsp; 1120282 |
| Hawaiian Electric Co., Inc., 6%, 10/01/2033 (n) | 1682000 | &nbsp;&nbsp;&nbsp; 1687613 |
| NRG Energy, Inc., 5.75%, 1/15/2034 (n) | 2870000 | &nbsp;&nbsp;&nbsp; 2848798 |
| NRG Energy, Inc., 6%, 1/15/2036 (n) | 2209000 | &nbsp;&nbsp;&nbsp; 2193883 |
| PG&E Corp., 5.25%, 7/01/2030  | 2504000 | &nbsp;&nbsp;&nbsp; 2478874 |
| PG&E Corp., 7.375% to 3/15/2030, FLR (CMT - 5yr. + 3.883%) to 3/15/2055  | 1127000 | &nbsp;&nbsp;&nbsp; 1159184 |
| Talen Energy Supply LLC, 6.25%, 2/01/2034 (n) | 2017000 | &nbsp;&nbsp;&nbsp; 2001947 |
| Talen Energy Supply LLC, 6.5%, 2/01/2036 (n) | 778000 | &nbsp;&nbsp;&nbsp; 780946 |
| TerraForm Power Operating LLC, 5%, 1/31/2028 (n) | 1784000 | &nbsp;&nbsp;&nbsp; 1766598 |
| TerraForm Power Operating LLC, 4.75%, 1/15/2030 (n) | 425000 | &nbsp;&nbsp;&nbsp; 411754 |
| XPLR Infrastructure Operating Partners LP, 7.25%, 1/15/2029 (n) | 1411000 | &nbsp;&nbsp;&nbsp; 1467345 |
| XPLR Infrastructure Operating Partners LP, 8.375%, 1/15/2031 (n) | 949000 | &nbsp;&nbsp;&nbsp; 1014069 |
| XPLR Infrastructure Operating Partners LP, 8.625%, 3/15/2033 (n) | 391000 | &nbsp;&nbsp;&nbsp; 419002 |
|  |  | &nbsp;&nbsp;&nbsp; $21299515 |
| **Total Bonds**  |  | &nbsp;&nbsp; **$502644934** |
| Exchange-Traded Funds – 1.3%  | Exchange-Traded Funds – 1.3%  | Exchange-Traded Funds – 1.3%  |
| Fixed Income ETFs – 1.3% | Fixed Income ETFs – 1.3% |  |
| iShares iBoxx $ High Yield Corporate Bond ETF  | 184000 | &nbsp;&nbsp;&nbsp; $6850320 |
| Common Stocks – 0.1%  | Common Stocks – 0.1%  | Common Stocks – 0.1%  |
| Metals & Mining – 0.0% | Metals & Mining – 0.0% |  |
| Petra Diamonds Ltd. (a)  | 61268 | &nbsp;&nbsp;&nbsp; $14423 |
| Oil Services – 0.1% | Oil Services – 0.1% |  |
| LTRI Holdings LP (a)(u)  | 3300 | &nbsp;&nbsp;&nbsp; $615912 |
| **Total Common Stocks**  |  | &nbsp;&nbsp; **$630335** |
| Mutual Funds (h) – 1.7%  | Mutual Funds (h) – 1.7%  | Mutual Funds (h) – 1.7%  |
| Money Market Funds – 1.7% | Money Market Funds – 1.7% |  |
| MFS Institutional Money Market Portfolio, 3.7% (v)  | 8802185 | &nbsp;&nbsp;&nbsp; $8803066 |
| Other Assets, Less Liabilities – 0.2% |  | &nbsp;&nbsp;&nbsp; 1197942 |
| **Net Assets – 100.0%** | **Net Assets – 100.0%** | &nbsp;&nbsp; **$520126597** |

---

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

&nbsp;&nbsp;&nbsp;&nbsp;(a) Non-income producing security.

&nbsp;&nbsp;&nbsp;&nbsp;(h) An affiliated issuer, which may be considered one in which the fund owns 5% or more
 of the outstanding voting securities, or a company which is under common control. At period end, the aggregate values of the fund's investments in affiliated
 issuers and in unaffiliated issuers were $8,803,066 and $510,125,589, respectively.

&nbsp;&nbsp;&nbsp;&nbsp;(n) Securities exempt from registration under Rule 144A of the Securities Act of 1933.
 These securities may be sold in the ordinary course of business in transactions exempt from registration, normally to qualified institutional buyers.
 At period end, the aggregate value of these securities was $458,336,108, representing 88.1% of net assets.

&nbsp;&nbsp;&nbsp;&nbsp;(p) Payment-in-kind (PIK) security for which interest income may be received in additional
 securities and/or cash.

&nbsp;&nbsp;&nbsp;&nbsp;(u) The security was valued using significant unobservable inputs and is considered level
 3 under the fair value hierarchy.

&nbsp;&nbsp;&nbsp;&nbsp;(v) Affiliated issuer that is available only to investment companies managed by MFS. The
 rate quoted for the MFS Institutional Money Market Portfolio is the annualized seven-day yield of the fund at period end.

&nbsp;&nbsp;&nbsp;&nbsp;(w) When-issued security.

------

*Portfolio of Investments (unaudited) – continued*

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

&nbsp;&nbsp;&nbsp;&nbsp;(z) Restricted securities are not registered under the Securities Act of 1933 and are
 subject to legal restrictions on resale. These securities generally may be resold in transactions exempt from registration or to the public if the securities
 are subsequently registered. Disposal of these securities may involve time-consuming negotiations and prompt sale at an acceptable price may be difficult.
 The fund holds the following restricted securities:

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

---

| | | | |
|:---|:---|:---|:---|
| **Restricted Securities** | &nbsp;&nbsp; **Acquisition** <br>**Date**<br>| **Cost** | **Value** |
| Petra Diamonds US$ Treasury PLC, 9.75%, 3/08/2030 | 3/10/21-12/19/24 | $902372 | $499102 |
| % of Net assets |  |  | 0.1% |

---

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

---

| | |
|:---|:---|
| The following abbreviations are used in this report and are defined: | The following abbreviations are used in this report and are defined: |
| CMT | Constant Maturity Treasury  |
| ETF | Exchange-Traded Fund |
| FLR | Floating Rate. Interest rate resets periodically based on the parenthetically disclosed reference rate plus a spread (if any). The period-end rate <br> reported may not be the current rate. All reference rates are USD unless otherwise noted.<br>|
| REIT | Real Estate Investment Trust |
| Abbreviations indicate amounts shown in currencies other than the U.S. dollar. All amounts are stated in U.S. dollars unless otherwise <br> indicated. A list of abbreviations is shown below: | Abbreviations indicate amounts shown in currencies other than the U.S. dollar. All amounts are stated in U.S. dollars unless otherwise <br> indicated. A list of abbreviations is shown below: |
| EUR | Euro |
| GBP | British Pound |

---

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

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Derivative Contracts at 4/30/26** | **Derivative Contracts at 4/30/26** | **Derivative Contracts at 4/30/26** | **Derivative Contracts at 4/30/26** | **Derivative Contracts at 4/30/26** | **Derivative Contracts at 4/30/26** | **Derivative Contracts at 4/30/26** |
| **Forward Foreign Currency Exchange Contracts**  | **Forward Foreign Currency Exchange Contracts**  | **Forward Foreign Currency Exchange Contracts**  | **Forward Foreign Currency Exchange Contracts**  | **Forward Foreign Currency Exchange Contracts**  | **Forward Foreign Currency Exchange Contracts**  | **Forward Foreign Currency Exchange Contracts**  |
| **Currency** <br>**Purchased** | **Currency** <br>**Purchased** | &nbsp;&nbsp; **Currency** <br>**Sold** | &nbsp;&nbsp; **Currency** <br>**Sold** | **Counterparty** | &nbsp;&nbsp; **Settlement** <br>**Date**<br>| **Unrealized** <br>**Appreciation** <br>**(Depreciation)**<br>|
| **Asset Derivatives** | **Asset Derivatives** | **Asset Derivatives** | **Asset Derivatives** | **Asset Derivatives** | **Asset Derivatives** | **Asset Derivatives** |
| EUR | &nbsp;&nbsp; 520466 | USD | &nbsp;&nbsp; 605021 | State Street Corp. | 7/17/2026 | &nbsp;&nbsp; $7890 |
| GBP | &nbsp;&nbsp; 12896 | USD | &nbsp;&nbsp; 17507 | UBS AG | 7/17/2026 | &nbsp;&nbsp; 36 |
| USD | &nbsp;&nbsp; 8647779 | EUR | &nbsp;&nbsp; 7300784 | State Street Corp. | 7/17/2026 | &nbsp;&nbsp; 50238 |
|  |  |  |  |  |  | &nbsp;&nbsp; $58164 |

---

See attached supplemental information. For more information see notes to financial statements as disclosed in the most recent semiannual or annual report.

------

**Supplemental Information**

4/30/26 (unaudited)

The fund is an investment company and accordingly follows the investment company accounting and reporting guidance of the Financial

Accounting Standards Board (FASB) Accounting Standards Codification Topic 946 Financial Services - Investment Companies.

**(1) Investment Valuations**

Subject to its oversight, the fund's Board of Trustees has delegated primary responsibility for determining or causing to be determined the value of the fund's investments to MFS as the fund's adviser, pursuant to the fund's valuation policy and procedures which have been adopted by the adviser and approved by the Board. In accordance with Rule 2a-5 under the Investment Company Act of 1940, the Board of Trustees designated the adviser as the "valuation designee" of the fund. If the adviser, as valuation designee, determines that reliable market quotations are not readily available for an investment, the investment is valued at fair value as determined in good faith by the adviser in accordance with the adviser's fair valuation policy and procedures.

Under the fund's valuation policy and procedures, equity securities, including restricted equity securities, are generally valued at the last sale or official closing price on their primary market or exchange as provided by a third-party pricing service. Equity securities, for which there were no sales reported that day, are generally valued at the last quoted daily bid quotation on their primary market or exchange as provided

by a third-party pricing service. Debt instruments and floating rate loans, including restricted debt instruments, are generally valued at an

evaluated or composite bid as provided by a third-party pricing service. Short-term instruments with a maturity at issuance of 60 days or less

may be valued at amortized cost, which approximates market value. Forward foreign currency exchange contracts are generally valued at the

mean of bid and asked prices for the time period interpolated from rates provided by a third-party pricing service for proximate time periods.

Open-end investment companies are generally valued at net asset value per share. Funds traded on a recognized securities exchange (such as Exchange Traded Funds or Closed End Funds) are generally valued at the official closing price on their primary market or exchange as provided by a third-party pricing service. If no sales are reported that day for these funds, generally they will be valued at the last quoted

daily bid quotation on their primary market or exchange as provided by a third-party pricing service. The values of foreign securities and other assets and liabilities expressed in foreign currencies are converted to U.S. dollars using the mean of bid and asked prices for rates provided by a third-party pricing service.

Under the fund's valuation policy and procedures, market quotations are not considered to be readily available for debt instruments, floating rate loans, and many types of derivatives. These investments are generally valued at fair value based on information from third-party pricing services or otherwise determined by the adviser in accordance with the adviser's fair valuation policy and procedures. Securities and other assets generally valued on the basis of information from a third-party pricing service may also be valued at a broker/dealer bid quotation. In determining values, third-party pricing services can utilize both transaction data and market information such as yield, quality, coupon rate, maturity, type of issue, trading characteristics, spreads and other market data. Pricing services generally value debt instruments assuming orderly transactions of institutional round lot sizes, but a fund may hold or transact in such securities in smaller, odd lot sizes. In instances where a fund holds an odd lot size position in a debt instrument, such position will typically be valued using the pricing agent's institutional round lot price for the debt instrument. Odd lots may trade at lower prices than institutional round lots, and the fund may receive different prices when it sells odd lot positions than it would receive for sales of institutional round lot positions. An investment may also be valued at fair value if the adviser determines that the investment's value has been materially affected by events occurring after the close of the exchange or market on which the investment is principally traded (such as foreign exchange or market) and prior to the determination of the fund's net asset value, or after the halt of trading of a specific security where trading does not resume prior to the close of the exchange or market on which the security is principally traded. The adviser generally relies on third-party pricing services or other information (such as the correlation with price movements of similar securities in the same or other markets; the type, cost and investment characteristics of the security; the business and financial condition of the issuer; and trading and other market data) to assist in determining whether to fair value and at what value to fair value an investment. The value of an investment for purposes of calculating the fund's net asset value can differ depending on the source and method used to determine value. When fair valuation is used, the value of an investment used to determine the fund's net asset value may differ from quoted or published prices for the same investment. There can be no assurance that the fund could obtain the fair value assigned to an investment if it were to sell the investment at the same time at which the fund determines its net

asset value per share.

Various inputs are used in determining the value of the fund's assets or liabilities. These inputs are categorized into three broad levels. In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, an investment's level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. The fund's assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment, and considers factors specific to the investment. Level 1 includes unadjusted quoted prices in active markets for identical assets or liabilities. Level 2 includes other significant observable market-based inputs (including quoted prices for similar securities, interest rates, prepayment speed, and credit risk).

------

*Supplemental Information (unaudited) – continued*

Level 3 includes significant unobservable inputs, which may include the adviser's own assumptions in determining the fair value of investments. Other financial instruments are derivative instruments, such as forward foreign currency exchange contracts. The following is a summary of the levels used as of April 30, 2026 in valuing the fund's assets and liabilities:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Financial Instruments** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| Equity Securities: |  |  |  |  |
| &nbsp;&nbsp;&nbsp; United States | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $615912 | &nbsp;&nbsp;&nbsp; $615912 |
| &nbsp;&nbsp;&nbsp; United Kingdom | &nbsp;&nbsp;&nbsp; 14423 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 14423 |
| U.S. Corporate Bonds | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 443461728 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 443461728 |
| Foreign Bonds | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 59183206 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 59183206 |
| Investment Companies | &nbsp;&nbsp;&nbsp; 15653386 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 15653386 |
| Total | &nbsp;&nbsp;&nbsp; $15667809 | &nbsp;&nbsp;&nbsp; $502644934 | &nbsp;&nbsp;&nbsp; $615912 | &nbsp;&nbsp;&nbsp; $518928655 |
| **Other Financial Instruments** |  |  |  |  |
| Forward Foreign Currency Exchange Contracts – Assets | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $58164 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $58164 |

---

For further information regarding security characteristics, see the Portfolio of Investments.

The following is a reconciliation of level 3 assets for which significant unobservable inputs were used to determine fair value. The table

presents the activity of level 3 securities held at the beginning and the end of the period.

---

| | |
|:---|:---|
|  | **Equity** <br>**Securities**<br>|
| &nbsp;&nbsp;&nbsp; Realized gain (loss) | $615912 |
| &nbsp;&nbsp;&nbsp; Change in unrealized appreciation or depreciation | 0 |
| Balance as of 4/30/26 | $615912 |

---

At April 30, 2026, the fund held one level 3 security.

**(2) Investments in Affiliated Issuers**

An affiliated issuer may be considered one in which the fund owns 5% or more of the outstanding voting securities, or a company which is under common control. The following were affiliated issuers for the period ended April 30, 2026:

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

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Affiliated Issuers** | **Beginning** <br>**Value**<br>| **Purchases** | **Sales** <br>**Proceeds**<br>| **Realized** <br>**Gain** <br>**(Loss)**<br>| **Change in** <br>**Unrealized** <br>**Appreciation or** <br>**Depreciation**<br>| **Ending** <br>**Value**<br>|
| MFS Institutional Money Market Portfolio  | &nbsp;&nbsp; $12163873 | &nbsp;&nbsp; $40139362 | &nbsp;&nbsp; $43499058 | &nbsp;&nbsp; $(114)<br>| &nbsp;&nbsp; $(997)<br>| &nbsp;&nbsp; $8803066<br>|

---

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

---

| | | |
|:---|:---|:---|
| **Affiliated Issuers** | **Dividend** <br>**Income**<br>| **Capital Gain** <br>**Distributions**<br>|
| MFS Institutional Money Market Portfolio  | &nbsp;&nbsp; $95842 | &nbsp;&nbsp; $— |

---

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** MFS Series Trust III

- **b. Investment Company Act file number:** 811-02794

- **c. CIK number of Registrant:** 0000225604

- **d. LEI of Registrant:** 549300V6TTODTL97GD50

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

  - **Street Address 1:** 111 Huntington Avenue

  - **City:** Boston

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02199

  - **Telephone number:** 617-954-5000

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

- **a. Name of Series:** MFS High Yield Pooled Portfolio

- **b. EDGAR series identifier (if any):** S000038262

- **c. LEI of Series:** 549300B758U8480GXX22

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

- **a. Date of fiscal year-end:** 2027-01-31

- **b. Date as of which information is reported:** 2026-04-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $526601013.42

**Total Liabilities:** $6474622.90

**Net Assets:** $520126390.52

**Cash Not Reported:** $1.63

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -42.72966720 | **1-Year:** -268.64068600 | **5-Year:** -710.71716310 | **10-Year:** -226.50001530 | **30-Year:** 0.00000000

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

- **3-Month:** -1987.28829860 | **1-Year:** -43603.65085880 | **5-Year:** -88112.43773850 | **10-Year:** -17764.60237130 | **30-Year:** -713.87892150

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000118060 | 0.11%                | -1.20%               | 1.56%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-389806.26              | $-1699193.94                               |
| Month 2  | $-1163721.52             | $-8995239.11                               |
| Month 3  | $37227.55                | $5210721.87                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| APi Group DE, Inc.                                              | APi Group DE, Inc.                                              | CUSIP: 00185PAA9<br>LEI: 549300XP4G7B4QYA0G83 | Long             | DBT              | CORP              | US        |   2775000 | PA      | $2719215.23   | 0.52%             | 2029-10-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| APLD ComputeCo LLC                                              | APLD ComputeCo LLC                                              | CUSIP: 00202DAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    932000 | PA      | $1001792.69   | 0.19%             | 2030-12-15      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| Acadia Healthcare Co., Inc.                                     | Acadia Healthcare Co., Inc.                                     | CUSIP: 00404AAQ2<br>LEI: 5493005CW985Y9D0NC11 | Long             | DBT              | CORP              | US        |   1582000 | PA      | $1618215.14   | 0.31%             | 2033-03-15      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| Acrisure LLC                                                    | Acrisure LLC                                                    | CUSIP: 00489LAL7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    511000 | PA      | $518932.55    | 0.10%             | 2030-11-06      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| Acrisure LLC                                                    | Acrisure LLC                                                    | CUSIP: 004961AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2097000 | PA      | $2065989.14   | 0.40%             | 2032-07-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Acushnet Co.                                                    | Acushnet Co.                                                    | CUSIP: 005095AB0<br>LEI: 549300H805O14KEFES79 | Long             | DBT              | CORP              | US        |   1932000 | PA      | $1940976.07   | 0.37%             | 2033-12-01      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| AECOM                                                           | AECOM                                                           | CUSIP: 00766TAE0<br>LEI: 0EEB8GF0W0NPCIHZX097 | Long             | DBT              | CORP              | US        |   2304000 | PA      | $2322807.55   | 0.45%             | 2033-08-01      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Osaic Holdings, Inc.                                            | Osaic Holdings, Inc.                                            | CUSIP: 00791GAC1<br>LEI: 549300XL60BDV6UW5C86 | Long             | DBT              | CORP              | US        |   2312000 | PA      | $2357710.55   | 0.45%             | 2033-08-01      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| Albertsons Cos., Inc.                                           | Albertsons Cos., Inc.                                           | CUSIP: 01309QAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3517000 | PA      | $3548202.82   | 0.68%             | 2033-03-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Alliant Holdings Intermediate LLC                               | Alliant Holdings Intermediate LLC                               | CUSIP: 01883LAD5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    871000 | PA      | $853821.09    | 0.16%             | 2029-11-01      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Alliant Holdings Intermediate LLC                               | Alliant Holdings Intermediate LLC                               | CUSIP: 01883LAF0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1264000 | PA      | $1290029.55   | 0.25%             | 2031-01-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Alliant Holdings Intermediate LLC                               | Alliant Holdings Intermediate LLC                               | CUSIP: 01883LAG8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    587000 | PA      | $592018.26    | 0.11%             | 2031-10-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Alliant Holdings Intermediate LLC                               | Alliant Holdings Intermediate LLC                               | CUSIP: 01883LAH6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    903000 | PA      | $887277.87    | 0.17%             | 2032-10-01      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| Allied Universal Holdco LLC                                     | Allied Universal Holdco LLC                                     | CUSIP: 019576AD9<br>LEI: 98450038B4549046D794 | Long             | DBT              | CORP              | US        |   1487000 | PA      | $1559672.66   | 0.30%             | 2031-02-15      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| Allied Universal Holdco LLC                                     | Allied Universal Holdco LLC                                     | CUSIP: 019576AF4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    838000 | PA      | $862177.47    | 0.17%             | 2030-06-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| Allison Transmission, Inc.                                      | Allison Transmission, Inc.                                      | CUSIP: 019736AG2<br>LEI: MWKQ3I0U1GXP2YDSZW75 | Long             | DBT              | CORP              | US        |   2814000 | PA      | $2644068.17   | 0.51%             | 2031-01-30      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| Allison Transmission, Inc.                                      | Allison Transmission, Inc.                                      | CUSIP: 019736AH0<br>LEI: MWKQ3I0U1GXP2YDSZW75 | Long             | DBT              | CORP              | US        |    420000 | PA      | $424013.52    | 0.08%             | 2033-12-01      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Altice France SA                                                | Altice France SA                                                | CUSIP: 02090DAA6<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |   1186873 | PA      | $1211613.37   | 0.23%             | 2029-11-01      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: No      |
| Altice France SA                                                | Altice France SA                                                | CUSIP: 02090DAB4<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |   1441513 | PA      | $1417127.65   | 0.27%             | 2030-10-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| Altice France SA                                                | Altice France SA                                                | CUSIP: 02090DAD0<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |    396493 | PA      | $389965.22    | 0.07%             | 2032-04-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Altice Financing SA                                             | Altice Financing SA                                             | CUSIP: 02154CAH6<br>LEI: 549300DIYGW8HVDF7Q17 | Long             | DBT              | CORP              | LU        |    850000 | PA      | $625691.12    | 0.12%             | 2029-08-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Amentum Holdings, Inc.                                          | Amentum Holdings, Inc.                                          | CUSIP: 02352BAA3<br>LEI: 2549009FJIBLW40CU216 | Long             | DBT              | CORP              | US        |   1669000 | PA      | $1727598.21   | 0.33%             | 2032-08-01      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| American Axle & Manufacturing, Inc.                             | American Axle & Manufacturing, Inc.                             | CUSIP: 02406PBC3<br>LEI: RY5TAKFOBLDUGX31MS24 | Long             | DBT              | CORP              | US        |    756000 | PA      | $754649.03    | 0.15%             | 2032-10-15      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| American Axle & Manufacturing, Inc.                             | American Axle & Manufacturing, Inc.                             | CUSIP: 02406PBD1<br>LEI: RY5TAKFOBLDUGX31MS24 | Long             | DBT              | CORP              | US        |   1420000 | PA      | $1386385.25   | 0.27%             | 2033-10-15      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| Ameritex Holdco Intermediate LLC                                | Ameritex Holdco Intermediate LLC                                | CUSIP: 030727AB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1559000 | PA      | $1620563.35   | 0.31%             | 2033-08-15      | Fixed         | 7.62%                 | Yes           |                  2 | On Loan: No      |
| Amsted Industries, Inc.                                         | Amsted Industries, Inc.                                         | CUSIP: 032177AK3<br>LEI: N2VLGYMEEBIU3PFSUY86 | Long             | DBT              | CORP              | US        |   1506000 | PA      | $1532071.87   | 0.29%             | 2033-03-15      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| Amynta Agency Borrower, Inc. and Amynta Warranty Borrower, Inc. | Amynta Agency Borrower, Inc. and Amynta Warranty Borrower, Inc. | CUSIP: 03238AAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1581000 | PA      | $1541620.61   | 0.30%             | 2033-07-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| Antero Midstream Partners LP                                    | Antero Midstream Partners LP                                    | CUSIP: 03690AAN6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3109000 | PA      | $3100988.11   | 0.60%             | 2034-07-01      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Arches Buyer, Inc.                                              | Arches Buyer, Inc.                                              | CUSIP: 039524AB9<br>LEI: 2549009ADY4208OH2Y47 | Long             | DBT              | CORP              | US        |   1632000 | PA      | $1586699.27   | 0.31%             | 2028-12-01      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| Ardonagh Finco Ltd.                                             | Ardonagh Finco Ltd.                                             | CUSIP: 039853AA4<br>LEI: 254900D2T84O1K03BA28 | Long             | DBT              | CORP              | JE        |    200000 | PA      | $204176.30    | 0.04%             | 2031-02-15      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| Aretec Group, Inc.                                              | Aretec Group, Inc.                                              | CUSIP: 040133AA8<br>LEI: 549300NV2T8A33L0PQ58 | Long             | DBT              | CORP              | US        |    805000 | PA      | $806005.59    | 0.15%             | 2029-04-01      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| Aretec Group, Inc.                                              | Aretec Group, Inc.                                              | CUSIP: 04020JAA4<br>LEI: 549300NV2T8A33L0PQ58 | Long             | DBT              | CORP              | US        |   1148000 | PA      | $1215853.69   | 0.23%             | 2030-08-15      | Fixed         | 10.00%                | Yes           |                  2 | On Loan: No      |
| Asurion LLC                                                     | Asurion LLC                                                     | CUSIP: 045941AA9<br>LEI: 549300KNQVXGIOXWK278 | Long             | DBT              | CORP              | US        |   1707000 | PA      | $1783113.42   | 0.34%             | 2032-12-31      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| Asurion LLC                                                     | Asurion LLC                                                     | CUSIP: 045941AB7<br>LEI: 549300KNQVXGIOXWK278 | Long             | DBT              | CORP              | US        |   1737000 | PA      | $1713737.92   | 0.33%             | 2034-02-01      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| Axon Enterprise, Inc.                                           | Axon Enterprise, Inc.                                           | CUSIP: 05464CAC5<br>LEI: 549300QP2IEEGFE16681 | Long             | DBT              | CORP              | US        |   1862000 | PA      | $1903924.59   | 0.37%             | 2030-03-15      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| Axon Enterprise, Inc.                                           | Axon Enterprise, Inc.                                           | CUSIP: 05464CAD3<br>LEI: 549300QP2IEEGFE16681 | Long             | DBT              | CORP              | US        |    643000 | PA      | $659821.52    | 0.13%             | 2033-03-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Azorra Finance Ltd.                                             | Azorra Finance Ltd.                                             | CUSIP: 05480AAA3<br>LEI: 254900MC1HXDAVUUP395 | Long             | DBT              | CORP              | KY        |   1894000 | PA      | $1962060.89   | 0.38%             | 2030-04-15      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| LBM Acquisition LLC                                             | LBM Acquisition LLC                                             | CUSIP: 05552BAA4<br>LEI: 549300FAEB3VWZL4NI86 | Long             | DBT              | CORP              | US        |    955000 | PA      | $661815.80    | 0.13%             | 2029-01-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Baffinland Iron Mines Corp.                                     | Baffinland Iron Mines Corp.                                     | CUSIP: 056623AA9<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |   1854000 | PA      | $1483200.00   | 0.29%             | 2026-07-15      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| Baldwin Insurance Group Holdings LLC                            | Baldwin Insurance Group Holdings LLC                            | CUSIP: 05825XAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2112000 | PA      | $2138361.98   | 0.41%             | 2031-05-15      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| Ball Corp.                                                      | Ball Corp.                                                      | CUSIP: 058498AW6<br>LEI: 0BGI85ALH27ZJP15DY16 | Long             | DBT              | CORP              | US        |   2575000 | PA      | $2342278.71   | 0.45%             | 2030-08-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| Ball Corp.                                                      | Ball Corp.                                                      | CUSIP: 058498AZ9<br>LEI: 0BGI85ALH27ZJP15DY16 | Long             | DBT              | CORP              | US        |   1113000 | PA      | $1132303.87   | 0.22%             | 2029-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Bausch + Lomb Corp.                                             | Bausch + Lomb Corp.                                             | CUSIP: 071705AA5<br>LEI: 549300NY6OZM39SO6475 | Long             | DBT              | CORP              | CA        |   1312000 | PA      | $1354640.00   | 0.26%             | 2028-10-01      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| Bausch Health Cos., Inc.                                        | Bausch Health Cos., Inc.                                        | CUSIP: 071734AJ6<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | DBT              | CORP              | CA        |    798000 | PA      | $519505.98    | 0.10%             | 2030-01-30      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| Bausch Health Cos., Inc.                                        | Bausch Health Cos., Inc.                                        | CUSIP: 071734AN7<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | DBT              | CORP              | CA        |    405000 | PA      | $380428.65    | 0.07%             | 2028-06-01      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| Beach Acquisition Bidco LLC                                     | Beach Acquisition Bidco LLC                                     | CUSIP: 07337JAC1<br>LEI: 254900F2FNX3GBTB6202 | Long             | DBT              | CORP              | US        |   1951043 | PA      | $2146164.86   | 0.41%             | 2033-07-15      | Fixed         | 10.00%                | Yes           |                  2 | On Loan: No      |
| Black Pearl Compute LLC                                         | Black Pearl Compute LLC                                         | CUSIP: 09216NAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2137000 | PA      | $2168174.06   | 0.42%             | 2031-02-15      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| Bombardier, Inc.                                                | Bombardier, Inc.                                                | CUSIP: 097751CB5<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |   1133000 | PA      | $1192130.14   | 0.23%             | 2031-07-01      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| Bombardier, Inc.                                                | Bombardier, Inc.                                                | CUSIP: 097751CC3<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |    500000 | PA      | $521922.00    | 0.10%             | 2032-06-01      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Bombardier, Inc.                                                | Bombardier, Inc.                                                | CUSIP: 097751CD1<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |   1332000 | PA      | $1388880.40   | 0.27%             | 2033-06-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Broadstreet Partners Group LLC                                  | Broadstreet Partners Group LLC                                  | CUSIP: 11135RAA3<br>LEI: 549300BS9N54G8DD0R75 | Long             | DBT              | CORP              | US        |    621000 | PA      | $611496.28    | 0.12%             | 2029-04-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| CCO Holdings LLC                                                | CCO Holdings LLC                                                | CUSIP: 1248EPCD3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4715000 | PA      | $4469487.12   | 0.86%             | 2030-03-01      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| CCO Holdings LLC                                                | CCO Holdings LLC                                                | CUSIP: 1248EPCE1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3282000 | PA      | $3061335.12   | 0.59%             | 2030-08-15      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| CCO Holdings LLC                                                | CCO Holdings LLC                                                | CUSIP: 1248EPCN1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    905000 | PA      | $794732.63    | 0.15%             | 2032-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Churchill Downs, Inc.                                           | Churchill Downs, Inc.                                           | CUSIP: 12511VAA6<br>LEI: 529900FODTBQC8MIS994 | Long             | DBT              | CORP              | US        |   2725000 | PA      | $2716102.60   | 0.52%             | 2030-04-01      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| CD&R Smokey Buyer, Inc.                                         | CD&R Smokey Buyer, Inc.                                         | CUSIP: 12515KAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1456000 | PA      | $1207776.32   | 0.23%             | 2029-10-15      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: No      |
| Community Health Systems, Inc.                                  | Community Health Systems, Inc.                                  | CUSIP: 12543DBL3<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |   1838000 | PA      | $1629487.72   | 0.31%             | 2030-04-01      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| Community Health Systems, Inc.                                  | Community Health Systems, Inc.                                  | CUSIP: 12543DBM1<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |   2994000 | PA      | $2827042.28   | 0.54%             | 2030-05-15      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| CSC Holdings LLC                                                | CSC Holdings LLC                                                | CUSIP: 126307AS6<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |   2150000 | PA      | $1605138.40   | 0.31%             | 2028-02-01      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| CSC Holdings LLC                                                | CSC Holdings LLC                                                | CUSIP: 126307BA4<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |   1290000 | PA      | $458031.92    | 0.09%             | 2030-01-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| CSC Holdings LLC                                                | CSC Holdings LLC                                                | CUSIP: 126307BB2<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    775000 | PA      | $461406.17    | 0.09%             | 2030-12-01      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| CNX Resources Corp.                                             | CNX Resources Corp.                                             | CUSIP: 12653CAL2<br>LEI: 549300JK3KH8PWM3B226 | Long             | DBT              | CORP              | US        |   1893000 | PA      | $1972198.65   | 0.38%             | 2032-03-01      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| Cable One, Inc.                                                 | Cable One, Inc.                                                 | CUSIP: 12685JAC9<br>LEI: 549300648QS85T0XSH18 | Long             | DBT              | CORP              | US        |   1308000 | PA      | $912066.83    | 0.18%             | 2030-11-15      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| CACI International, Inc.                                        | CACI International, Inc.                                        | CUSIP: 127190AE6<br>LEI: SYRPI2D1O9WRTS2WX210 | Long             | DBT              | CORP              | US        |   2869000 | PA      | $2935139.77   | 0.56%             | 2033-06-15      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| California Resources Corp.                                      | California Resources Corp.                                      | CUSIP: 13057QAL1<br>LEI: 5493003Q8F0T4F4YMR48 | Long             | DBT              | CORP              | US        |   1391000 | PA      | $1419419.52   | 0.27%             | 2034-01-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                             | Forward Foreign Currency Contract                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $7890.04      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                             | Forward Foreign Currency Contract                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $36.40        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                             | Forward Foreign Currency Contract                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $50237.67     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Carvana Co.                                                     | Carvana Co.                                                     | CUSIP: 146869AM4<br>LEI: 5493003WEAK2PJ5WS063 | Long             | DBT              | CORP              | US        |   3466450 | PA      | $3834749.05   | 0.74%             | 2031-06-01      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| Centene Corp.                                                   | Centene Corp.                                                   | CUSIP: 15135BAT8<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |    753000 | PA      | $734098.36    | 0.14%             | 2029-12-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Centene Corp.                                                   | Centene Corp.                                                   | CUSIP: 15135BAW1<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |   1206000 | PA      | $1084275.90   | 0.21%             | 2030-10-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Cerdia Finanz GmbH                                              | Cerdia Finanz GmbH                                              | CUSIP: 15679GAC6<br>LEI: 391200KURNDJSX9GX570 | Long             | DBT              | CORP              | DE        |   1352000 | PA      | $1294540.00   | 0.25%             | 2031-10-03      | Fixed         | 9.38%                 | Yes           |                  2 | On Loan: No      |
| Champ Acquisition Corp.                                         | Champ Acquisition Corp.                                         | CUSIP: 15807XAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1394000 | PA      | $1468549.73   | 0.28%             | 2031-12-01      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| Chemours Co. (The)                                              | Chemours Co. (The)                                              | CUSIP: 163851AH1<br>LEI: 549300M1BOLNXL8DOV14 | Long             | DBT              | CORP              | US        |   2344000 | PA      | $2248335.73   | 0.43%             | 2029-11-15      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| Chobani LLC                                                     | Chobani LLC                                                     | CUSIP: 17027NAD4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1810000 | PA      | $1846753.44   | 0.36%             | 2034-04-15      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| SM Energy Co.                                                   | SM Energy Co.                                                   | CUSIP: 17888HAB9<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | DBT              | CORP              | US        |   1305000 | PA      | $1369028.52   | 0.26%             | 2031-07-01      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| SM Energy Co.                                                   | SM Energy Co.                                                   | CUSIP: 17888HAC7<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | DBT              | CORP              | US        |    646000 | PA      | $683322.65    | 0.13%             | 2030-11-01      | Fixed         | 8.62%                 | Yes           |                  2 | On Loan: No      |
| Clarios Global LP                                               | Clarios Global LP                                               | CUSIP: 18060TAD7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    944000 | PA      | $975331.36    | 0.19%             | 2030-02-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Clarios Global LP                                               | Clarios Global LP                                               | CUSIP: 18060TAE5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    481000 | PA      | $492034.14    | 0.09%             | 2032-09-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Clean Harbors, Inc.                                             | Clean Harbors, Inc.                                             | CUSIP: 184496AR8<br>LEI: 5493000SJVZVZJKHJF48 | Long             | DBT              | CORP              | US        |   2299000 | PA      | $2320346.22   | 0.45%             | 2033-10-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Clearway Energy Operating LLC                                   | Clearway Energy Operating LLC                                   | CUSIP: 18539UAD7<br>LEI: 549300Z3NFMM54NWBB87 | Long             | DBT              | CORP              | US        |   2083000 | PA      | $1949219.95   | 0.37%             | 2031-02-15      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| Clearway Energy Operating LLC                                   | Clearway Energy Operating LLC                                   | CUSIP: 18539UAG0<br>LEI: 549300Z3NFMM54NWBB87 | Long             | DBT              | CORP              | US        |   1120000 | PA      | $1120282.24   | 0.22%             | 2034-01-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Cloud Software Group, Inc.                                      | Cloud Software Group, Inc.                                      | CUSIP: 18912UAA0<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |    492000 | PA      | $483087.49    | 0.09%             | 2029-09-30      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| Cloud Software Group, Inc.                                      | Cloud Software Group, Inc.                                      | CUSIP: 18912UAC6<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |   1973000 | PA      | $1874424.54   | 0.36%             | 2032-06-30      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| Cloud Software Group, Inc.                                      | Cloud Software Group, Inc.                                      | CUSIP: 18912UAG7<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |   1242000 | PA      | $1112413.25   | 0.21%             | 2033-08-15      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| Clydesdale Acquisition Holdings, Inc.                           | Clydesdale Acquisition Holdings, Inc.                           | CUSIP: 18972EAB1<br>LEI: 254900QKSDYFR3K5YD98 | Long             | DBT              | CORP              | US        |   1378000 | PA      | $1250295.43   | 0.24%             | 2030-04-15      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| Coeur Mining, Inc.                                              | Coeur Mining, Inc.                                              | CUSIP: 192120AA1<br>LEI: 5493003AVK173D48DR70 | Long             | DBT              | CORP              | US        |   1328000 | PA      | $1368670.00   | 0.26%             | 2032-04-01      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| Columbus McKinnon Corp.                                         | Columbus McKinnon Corp.                                         | CUSIP: 199333AK1<br>LEI: 549300W3HQB0HO1F3G69 | Long             | DBT              | CORP              | US        |   1398000 | PA      | $1405975.59   | 0.27%             | 2033-02-01      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| CompoSecure Holdings LLC                                        | CompoSecure Holdings LLC                                        | CUSIP: 20459XAC5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1408000 | PA      | $1380107.52   | 0.27%             | 2033-02-01      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| Comstock Resources, Inc.                                        | Comstock Resources, Inc.                                        | CUSIP: 205768AS3<br>LEI: I03QQGEA4SS774AURI46 | Long             | DBT              | CORP              | US        |   2248000 | PA      | $2247205.94   | 0.43%             | 2029-03-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Concentra Health Services, Inc.                                 | Concentra Health Services, Inc.                                 | CUSIP: 20600DAA1<br>LEI: 984500GB84105F75DE32 | Long             | DBT              | CORP              | US        |   1590000 | PA      | $1647702.69   | 0.32%             | 2032-07-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| CoreWeave, Inc.                                                 | CoreWeave, Inc.                                                 | CUSIP: 21873SAB4<br>LEI: 984500511DP2B6186053 | Long             | DBT              | CORP              | US        |    544000 | PA      | $550858.96    | 0.11%             | 2030-06-01      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| CoreWeave, Inc.                                                 | CoreWeave, Inc.                                                 | CUSIP: 21873SAG3<br>LEI: 984500511DP2B6186053 | Long             | DBT              | CORP              | US        |   1464000 | PA      | $1472477.35   | 0.28%             | 2031-10-01      | Fixed         | 9.75%                 | Yes           |                  2 | On Loan: No      |
| Cornerstone Building Brands, Inc.                               | Cornerstone Building Brands, Inc.                               | CUSIP: 21925DAB5<br>LEI: 549300IW41QEWQ6T0H29 | Long             | DBT              | CORP              | US        |    714000 | PA      | $454077.44    | 0.09%             | 2029-08-15      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: No      |
| Credit Acceptance Corp.                                         | Credit Acceptance Corp.                                         | CUSIP: 225310AQ4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    675000 | PA      | $703895.40    | 0.14%             | 2028-12-15      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| Credit Acceptance Corp.                                         | Credit Acceptance Corp.                                         | CUSIP: 225310AS0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1366000 | PA      | $1361437.56   | 0.26%             | 2030-03-15      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| CrossCountry Intermediate HoldCo LLC                            | CrossCountry Intermediate HoldCo LLC                            | CUSIP: 22757VAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1122000 | PA      | $1102315.14   | 0.21%             | 2030-10-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| CrossCountry Intermediate HoldCo LLC                            | CrossCountry Intermediate HoldCo LLC                            | CUSIP: 22757VAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    600000 | PA      | $579946.68    | 0.11%             | 2032-12-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Crown Americas LLC                                              | Crown Americas LLC                                              | CUSIP: 22819CAA6<br>LEI: RPPGGRL1J75WGF2DFO04 | Long             | DBT              | CORP              | US        |   1206000 | PA      | $1214770.03   | 0.23%             | 2033-06-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Cyprium Corp.                                                   | Cyprium Corp.                                                   | CUSIP: 23292NAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1507000 | PA      | $1505086.94   | 0.29%             | 2034-04-15      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| Dealer Tire LLC                                                 | Dealer Tire LLC                                                 | CUSIP: 24229JAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1602000 | PA      | $1591770.86   | 0.31%             | 2028-02-01      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| Delek Logistics Partners LP                                     | Delek Logistics Partners LP                                     | CUSIP: 24665FAD4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1985000 | PA      | $2071057.69   | 0.40%             | 2029-03-15      | Fixed         | 8.62%                 | Yes           |                  2 | On Loan: No      |
| Delek Logistics Partners LP                                     | Delek Logistics Partners LP                                     | CUSIP: 24665FAE2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    766000 | PA      | $790545.51    | 0.15%             | 2033-06-30      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| Directv Financing LLC                                           | Directv Financing LLC                                           | CUSIP: 25461LAB8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    710000 | PA      | $721795.94    | 0.14%             | 2030-02-01      | Fixed         | 8.88%                 | Yes           |                  2 | On Loan: No      |
| Directv Financing LLC                                           | Directv Financing LLC                                           | CUSIP: 25461LAD4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    512000 | PA      | $532730.88    | 0.10%             | 2031-02-15      | Fixed         | 10.00%                | Yes           |                  2 | On Loan: No      |
| DISH Network Corp.                                              | DISH Network Corp.                                              | CUSIP: 25470MAG4<br>LEI: 529900U350CWHH15G169 | Long             | DBT              | CORP              | US        |   1356000 | PA      | $1399798.80   | 0.27%             | 2027-11-15      | Fixed         | 11.75%                | Yes           |                  2 | On Loan: No      |
| DISH DBS Corp.                                                  | DISH DBS Corp.                                                  | CUSIP: 25470XBD6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1496000 | PA      | $1377513.51   | 0.26%             | 2029-06-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Dotdash Meredith, Inc.                                          | Dotdash Meredith, Inc.                                          | CUSIP: 25849JAA8<br>LEI: 549300R2AA7U9CJUQO13 | Long             | DBT              | CORP              | US        |   1429000 | PA      | $1341273.69   | 0.26%             | 2032-06-15      | Fixed         | 7.62%                 | Yes           |                  2 | On Loan: No      |
| EchoStar Corp.                                                  | EchoStar Corp.                                                  | CUSIP: 278768AA4<br>LEI: 549300EE20907QZ9GT38 | Long             | DBT              | CORP              | US        |   1478029 | PA      | $1499633.35   | 0.29%             | 2030-11-30      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| EchoStar Corp.                                                  | EchoStar Corp.                                                  | CUSIP: 278768AC0<br>LEI: 549300EE20907QZ9GT38 | Long             | DBT              | CORP              | US        |   1524355 | PA      | $1655072.11   | 0.32%             | 2029-11-30      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| Eldorado Gold Corp.                                             | Eldorado Gold Corp.                                             | CUSIP: 284902AF0<br>LEI: 5493004PWQ01YDD1IH62 | Long             | DBT              | CORP              | CA        |   1750000 | PA      | $1746293.85   | 0.34%             | 2029-09-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| EMRLD Borrower LP                                               | EMRLD Borrower LP                                               | CUSIP: 29103CAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1233000 | PA      | $1262319.51   | 0.24%             | 2030-12-15      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| Empire Communities Corp.                                        | Empire Communities Corp.                                        | CUSIP: 29163VAG8<br>LEI: 549300JM1L6KK2QFP273 | Long             | DBT              | CORP              | CA        |   1537000 | PA      | $1566579.57   | 0.30%             | 2029-05-01      | Fixed         | 9.75%                 | Yes           |                  2 | On Loan: No      |
| Encompass Health Corp.                                          | Encompass Health Corp.                                          | CUSIP: 29261AAB6<br>LEI: 549300FVRPM9DRQZRG64 | Long             | DBT              | CORP              | US        |   1858000 | PA      | $1829229.24   | 0.35%             | 2030-02-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Encompass Health Corp.                                          | Encompass Health Corp.                                          | CUSIP: 29261AAE0<br>LEI: 549300FVRPM9DRQZRG64 | Long             | DBT              | CORP              | US        |    599000 | PA      | $582569.25    | 0.11%             | 2031-04-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Energizer Holdings, Inc.                                        | Energizer Holdings, Inc.                                        | CUSIP: 29272WAD1<br>LEI: 5493000D6NN0V57UME20 | Long             | DBT              | CORP              | US        |   1346000 | PA      | $1294813.37   | 0.25%             | 2029-03-31      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| Energizer Holdings, Inc.                                        | Energizer Holdings, Inc.                                        | CUSIP: 29272WAG4<br>LEI: 5493000D6NN0V57UME20 | Long             | DBT              | CORP              | US        |    540000 | PA      | $516403.57    | 0.10%             | 2033-09-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Esab Corp.                                                      | Esab Corp.                                                      | CUSIP: 29605JAB2<br>LEI: 549300ZNV0SWBXEIWT04 | Long             | DBT              | CORP              | US        |   1855000 | PA      | $1872082.38   | 0.36%             | 2031-04-01      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| FMC Corp.                                                       | FMC Corp.                                                       | CUSIP: 302491AZ8<br>LEI: CKDHZ2X64EEBQCSP7013 | Long             | DBT              | CORP              | US        |    778000 | PA      | $515606.90    | 0.10%             | 2055-11-01      | Variable      | 8.45%                 | No            |                  2 | On Loan: No      |
| Fortescue Treasury Pty. Ltd.                                    | Fortescue Treasury Pty. Ltd.                                    | CUSIP: 30251GBC0<br>LEI: 549300EFD6S2NFE9D745 | Long             | DBT              | CORP              | AU        |   2997000 | PA      | $2863747.66   | 0.55%             | 2031-04-01      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| Fair Isaac Corp.                                                | Fair Isaac Corp.                                                | CUSIP: 303250AG9<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | DBT              | CORP              | US        |   2708000 | PA      | $2670694.86   | 0.51%             | 2033-05-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Fertitta Entertainment LLC                                      | Fertitta Entertainment LLC                                      | CUSIP: 31556TAC3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1389000 | PA      | $1345856.69   | 0.26%             | 2030-01-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Fiesta Purchaser, Inc.                                          | Fiesta Purchaser, Inc.                                          | CUSIP: 31659AAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    756000 | PA      | $780702.30    | 0.15%             | 2031-03-01      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| Fiesta Purchaser, Inc.                                          | Fiesta Purchaser, Inc.                                          | CUSIP: 31659AAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1071000 | PA      | $1107597.14   | 0.21%             | 2032-09-15      | Fixed         | 9.62%                 | Yes           |                  2 | On Loan: No      |
| First Quantum Minerals Ltd.                                     | First Quantum Minerals Ltd.                                     | CUSIP: 335934AW5<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | DBT              | CORP              | CA        |   1135000 | PA      | $1192589.90   | 0.23%             | 2033-03-01      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| FirstCash, Inc.                                                 | FirstCash, Inc.                                                 | CUSIP: 33767DAF2<br>LEI: 549300V2X3UU7K0DG350 | Long             | DBT              | CORP              | US        |   1504000 | PA      | $1500426.96   | 0.29%             | 2034-05-01      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| Flash Compute LLC                                               | Flash Compute LLC                                               | CUSIP: 33853QAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1275087.60   | 0.25%             | 2030-12-31      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| FTAI Aviation Investors LLC                                     | FTAI Aviation Investors LLC                                     | CUSIP: 34960PAD3<br>LEI: 529900E7PUVK6BC8PE80 | Long             | DBT              | CORP              | US        |   1356000 | PA      | $1355440.79   | 0.26%             | 2028-05-01      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| FTAI Aviation Investors LLC                                     | FTAI Aviation Investors LLC                                     | CUSIP: 34960PAE1<br>LEI: 529900E7PUVK6BC8PE80 | Long             | DBT              | CORP              | US        |   1205000 | PA      | $1265221.08   | 0.24%             | 2030-12-01      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| Freedom Mortgage Holdings LLC                                   | Freedom Mortgage Holdings LLC                                   | CUSIP: 35641AAA6<br>LEI: 254900ROJ91RGM43S156 | Long             | DBT              | CORP              | US        |   1441000 | PA      | $1492919.23   | 0.29%             | 2029-02-01      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| Freedom Mortgage Holdings LLC                                   | Freedom Mortgage Holdings LLC                                   | CUSIP: 35641AAB4<br>LEI: 254900ROJ91RGM43S156 | Long             | DBT              | CORP              | US        |    684000 | PA      | $708462.58    | 0.14%             | 2031-05-15      | Fixed         | 9.12%                 | Yes           |                  2 | On Loan: No      |
| Freedom Mortgage Holdings LLC                                   | Freedom Mortgage Holdings LLC                                   | CUSIP: 35641AAE8<br>LEI: 254900ROJ91RGM43S156 | Long             | DBT              | CORP              | US        |    745000 | PA      | $718616.57    | 0.14%             | 2031-05-01      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| GB AIT Buyer, Inc.                                              | GB AIT Buyer, Inc.                                              | CUSIP: 36147AAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1053000 | PA      | $1059231.65   | 0.20%             | 2034-04-30      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| GFL Environmental, Inc.                                         | GFL Environmental, Inc.                                         | CUSIP: 36168QAL8<br>LEI: 894500E7NLBY9VZRT696 | Long             | DBT              | CORP              | CA        |   1370000 | PA      | $1338896.21   | 0.26%             | 2028-08-01      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| GFL Environmental, Inc.                                         | GFL Environmental, Inc.                                         | CUSIP: 36168QAQ7<br>LEI: 894500E7NLBY9VZRT696 | Long             | DBT              | CORP              | CA        |    896000 | PA      | $928958.46    | 0.18%             | 2031-01-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Garda World Security Corp.                                      | Garda World Security Corp.                                      | CUSIP: 36485MAP4<br>LEI: 549300ZF1NDXLMCHNO20 | Long             | DBT              | CORP              | CA        |   1864000 | PA      | $1923234.19   | 0.37%             | 2032-11-15      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| Garda World Security Corp.                                      | Garda World Security Corp.                                      | CUSIP: 36485MAQ2<br>LEI: 549300ZF1NDXLMCHNO20 | Long             | DBT              | CORP              | CA        |    783000 | PA      | $799892.44    | 0.15%             | 2031-01-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Genesis Energy LP                                               | Genesis Energy LP                                               | CUSIP: 37185LAP7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1644000 | PA      | $1708704.55   | 0.33%             | 2029-01-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| Genesis Energy LP                                               | Genesis Energy LP                                               | CUSIP: 37185LAS1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    895000 | PA      | $901461.01    | 0.17%             | 2034-03-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| GENMAB A/S                                                      | GENMAB A/S                                                      | CUSIP: 37230JAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | DK        |   1873000 | PA      | $1922166.25   | 0.37%             | 2032-12-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Wrangler Holdco Corp.                                           | Wrangler Holdco Corp.                                           | CUSIP: 37441QAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    966000 | PA      | $996542.99    | 0.19%             | 2032-04-01      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| Global Aircraft Leasing Co. Ltd.                                | Global Aircraft Leasing Co. Ltd.                                | CUSIP: 37960JAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |   1203000 | PA      | $1220216.13   | 0.23%             | 2027-09-01      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| Graham Holdings Co.                                             | Graham Holdings Co.                                             | CUSIP: 384637AC8<br>LEI: 529900BOSCEEEMAFQJ29 | Long             | DBT              | CORP              | US        |   1709000 | PA      | $1691577.94   | 0.33%             | 2033-12-01      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| Gray Media, Inc.                                                | Gray Media, Inc.                                                | CUSIP: 389375AL0<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |    620000 | PA      | $496331.08    | 0.10%             | 2030-10-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| Gray Media, Inc.                                                | Gray Media, Inc.                                                | CUSIP: 389375AN6<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |   1151000 | PA      | $1170238.97   | 0.22%             | 2032-07-15      | Fixed         | 9.62%                 | Yes           |                  2 | On Loan: No      |
| Gray Media, Inc.                                                | Gray Media, Inc.                                                | CUSIP: 389375AP1<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |    943000 | PA      | $960207.86    | 0.18%             | 2033-08-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| Gulfport Energy Operating Corp.                                 | Gulfport Energy Operating Corp.                                 | CUSIP: 402635AT3<br>LEI: 549300FJX18IDUFPHD40 | Long             | DBT              | CORP              | US        |   1911000 | PA      | $1960515.92   | 0.38%             | 2029-09-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Hawaiian Electric Co., Inc.                                     | Hawaiian Electric Co., Inc.                                     | CUSIP: 419866AV0<br>LEI: 549300PQE8D806LWQV52 | Long             | DBT              | CORP              | US        |   1682000 | PA      | $1687612.83   | 0.32%             | 2033-10-01      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Hightower Holding LLC                                           | Hightower Holding LLC                                           | CUSIP: 43118DAA8<br>LEI: 254900MKOSB7RTMA9K12 | Long             | DBT              | CORP              | US        |   1128000 | PA      | $1120313.47   | 0.22%             | 2029-04-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Hightower Holding LLC                                           | Hightower Holding LLC                                           | CUSIP: 43118DAB6<br>LEI: 254900MKOSB7RTMA9K12 | Long             | DBT              | CORP              | US        |    772000 | PA      | $801376.92    | 0.15%             | 2030-01-31      | Fixed         | 9.12%                 | Yes           |                  2 | On Loan: No      |
| Hilton Domestic Operating Co., Inc.                             | Hilton Domestic Operating Co., Inc.                             | CUSIP: 432833AF8<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |   3145000 | PA      | $3121938.34   | 0.60%             | 2030-01-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Hilton Domestic Operating Co., Inc.                             | Hilton Domestic Operating Co., Inc.                             | CUSIP: 432833AN1<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |   1776000 | PA      | $1625898.52   | 0.31%             | 2032-02-15      | Fixed         | 3.62%                 | Yes           |                  2 | On Loan: No      |
| Hilton Domestic Operating Co., Inc.                             | Hilton Domestic Operating Co., Inc.                             | CUSIP: 432833AR2<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |    806000 | PA      | $816137.87    | 0.16%             | 2033-03-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| HUB International Ltd.                                          | HUB International Ltd.                                          | CUSIP: 44332PAG6<br>LEI: 549300JQT6ATTUNS5E06 | Long             | DBT              | CORP              | US        |    482000 | PA      | $475946.40    | 0.09%             | 2029-12-01      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| HUB International Ltd.                                          | HUB International Ltd.                                          | CUSIP: 44332PAH4<br>LEI: 549300JQT6ATTUNS5E06 | Long             | DBT              | CORP              | US        |   1817000 | PA      | $1879633.81   | 0.36%             | 2030-06-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| HUB International Ltd.                                          | HUB International Ltd.                                          | CUSIP: 44332PAJ0<br>LEI: 549300JQT6ATTUNS5E06 | Long             | DBT              | CORP              | US        |   1005000 | PA      | $1029492.86   | 0.20%             | 2032-01-31      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| Iliad Holding SAS                                               | Iliad Holding SAS                                               | CUSIP: 449691AC8<br>LEI: 9695009BGMXB527HV965 | Long             | DBT              | CORP              | FR        |   2107000 | PA      | $2121409.77   | 0.41%             | 2028-10-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| IAMGOLD Corp.                                                   | IAMGOLD Corp.                                                   | CUSIP: 450913AF5<br>LEI: 254900E7II30XAB9LA72 | Long             | DBT              | CORP              | CA        |   1297000 | PA      | $1289005.16   | 0.25%             | 2028-10-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Icahn Enterprises LP                                            | Icahn Enterprises LP                                            | CUSIP: 451102CF2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1352000 | PA      | $1358880.33   | 0.26%             | 2029-01-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| Icahn Enterprises LP                                            | Icahn Enterprises LP                                            | CUSIP: 451102CK1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    668000 | PA      | $673831.30    | 0.13%             | 2029-11-15      | Fixed         | 10.00%                | Yes           |                  2 | On Loan: No      |
| Infinity Natural Resources LLC                                  | Infinity Natural Resources LLC                                  | CUSIP: 45690BAA3<br>LEI: 54930021094IFVB5ND43 | Long             | DBT              | CORP              | US        |   1503000 | PA      | $1528409.72   | 0.29%             | 2031-04-01      | Fixed         | 7.62%                 | Yes           |                  2 | On Loan: No      |
| Insulet Corp.                                                   | Insulet Corp.                                                   | CUSIP: 45784PAL5<br>LEI: 549300TZTYD2PYN92D43 | Long             | DBT              | CORP              | US        |   1775000 | PA      | $1811916.45   | 0.35%             | 2033-04-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| ION Platform Finance US, Inc.                                   | ION Platform Finance US, Inc.                                   | CUSIP: 46205QAB4<br>LEI: 213800FKHT3BRRKMCC89 | Long             | DBT              | CORP              | US        |   1584000 | PA      | $1230968.22   | 0.24%             | 2032-09-30      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| IQVIA, Inc.                                                     | IQVIA, Inc.                                                     | CUSIP: 46266TAA6<br>LEI: 549300PLWY28YB00C717 | Long             | DBT              | CORP              | US        |   1263000 | PA      | $1261984.80   | 0.24%             | 2027-05-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| IQVIA, Inc.                                                     | IQVIA, Inc.                                                     | CUSIP: 46266TAD0<br>LEI: 549300PLWY28YB00C717 | Long             | DBT              | CORP              | US        |   1715000 | PA      | $1750320.43   | 0.34%             | 2030-05-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| IQVIA, Inc.                                                     | IQVIA, Inc.                                                     | CUSIP: 46266TAG3<br>LEI: 549300PLWY28YB00C717 | Long             | DBT              | CORP              | US        |    820000 | PA      | $835084.72    | 0.16%             | 2032-06-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Iron Mountain, Inc.                                             | Iron Mountain, Inc.                                             | CUSIP: 46284VAL5<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              | CORP              | US        |   1887000 | PA      | $1873557.01   | 0.36%             | 2032-07-15      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| Iron Mountain, Inc.                                             | Iron Mountain, Inc.                                             | CUSIP: 46284VAQ4<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              | CORP              | US        |   1577000 | PA      | $1601423.00   | 0.31%             | 2033-01-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| iShares Broad USD High Yield Corporate Bond ETF                 | iShares Broad USD High Yield Corporate Bond ETF                 | CUSIP: 46435U853<br>LEI: 549300X7H67ZLUE3IZ46 | Long             |  | RF                | US        |    184000 | NS      | $6850320.00   | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| JB Poindexter & Co., Inc.                                       | JB Poindexter & Co., Inc.                                       | CUSIP: 465965AC5<br>LEI: 549300W6P81HOZZGPQ16 | Long             | DBT              | CORP              | US        |   1355000 | PA      | $1404109.27   | 0.27%             | 2031-12-15      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| Jane Street Group                                               | Jane Street Group                                               | CUSIP: 47077WAD0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3678000 | PA      | $3697336.64   | 0.71%             | 2032-11-01      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| Jefferson Capital Holdings LLC                                  | Jefferson Capital Holdings LLC                                  | CUSIP: 472481AC4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1305000 | PA      | $1365768.63   | 0.26%             | 2030-05-15      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| JetBlue Airways Corp.                                           | JetBlue Airways Corp.                                           | CUSIP: 476920AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    388000 | PA      | $361370.96    | 0.07%             | 2031-09-20      | Fixed         | 9.88%                 | Yes           |                  2 | On Loan: No      |
| KeHE Distributors LLC                                           | KeHE Distributors LLC                                           | CUSIP: 487526AC9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1527000 | PA      | $1596194.48   | 0.31%             | 2029-02-15      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| KeHE Distributors LLC                                           | KeHE Distributors LLC                                           | CUSIP: 487930AA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1085000 | PA      | $1098451.12   | 0.21%             | 2033-04-30      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| Knife River Corp.                                               | Knife River Corp.                                               | CUSIP: 498894AA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1204000 | PA      | $1250157.75   | 0.24%             | 2031-05-01      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| Kraken Oil & Gas Partners LLC                                   | Kraken Oil & Gas Partners LLC                                   | CUSIP: 50076PAA6<br>LEI: 549300DR5HSL4YAU3X12 | Long             | DBT              | CORP              | US        |   1067000 | PA      | $1087213.81   | 0.21%             | 2029-08-15      | Fixed         | 7.62%                 | Yes           |                  2 | On Loan: No      |
| LBM Acquisition LLC                                             | LBM Acquisition LLC                                             | CUSIP: 52109SAB5<br>LEI: 549300FAEB3VWZL4NI86 | Long             | DBT              | CORP              | US        |   1440000 | PA      | $1259977.97   | 0.24%             | 2031-06-15      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: No      |
| Level 3 Financing, Inc.                                         | Level 3 Financing, Inc.                                         | CUSIP: 527298CM3<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |    845660 | PA      | $872748.07    | 0.17%             | 2033-06-30      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| Level 3 Financing, Inc.                                         | Level 3 Financing, Inc.                                         | CUSIP: 527298CN1<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |    813093 | PA      | $843362.01    | 0.16%             | 2034-03-31      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Life Time, Inc.                                                 | Life Time, Inc.                                                 | CUSIP: 53190FAE5<br>LEI: 549300PALKE96VYH4X17 | Long             | DBT              | CORP              | US        |   1229000 | PA      | $1247586.17   | 0.24%             | 2031-11-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Lindblad Expeditions LLC                                        | Lindblad Expeditions LLC                                        | CUSIP: 53523LAB6<br>LEI: 549300MPUWOG67Y2R254 | Long             | DBT              | CORP              | US        |   1433000 | PA      | $1472095.11   | 0.28%             | 2030-09-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| MFS Institutional Money Market Portfolio                        | MFS Institutional Money Market Portfolio, Class A               | CUSIP: 55291X109<br>LEI: 5L2W638H85N8T1136O07 | Long             | STIV             | RF                | US        |   8773661 | NS      | $8774538.15   | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| MIWD Holdco II LLC                                              | MIWD Holdco II LLC                                              | CUSIP: 55337PAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1370000 | PA      | $1263913.91   | 0.24%             | 2030-02-01      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| MPT Operating Partnership LP                                    | MPT Operating Partnership LP                                    | CUSIP: 55342UAJ3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    703000 | PA      | $581721.04    | 0.11%             | 2029-08-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| MPT Operating Partnership LP                                    | MPT Operating Partnership LP                                    | CUSIP: 55342UAQ7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1212000 | PA      | $1259145.59   | 0.24%             | 2032-02-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| Macy's Retail Holdings LLC                                      | Macy's Retail Holdings LLC                                      | CUSIP: 55617LAQ5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    108000 | PA      | $107706.36    | 0.02%             | 2030-03-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Macy's Retail Holdings LLC                                      | Macy's Retail Holdings LLC                                      | CUSIP: 55617LAS1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1048000 | PA      | $1091615.66   | 0.21%             | 2033-08-01      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| Discovery Global Holdings, Inc.                                 | Discovery Global Holdings, Inc.                                 | CUSIP: 55903VBQ5<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |    310000 | PA      | $280776.30    | 0.05%             | 2032-03-15      | Fixed         | 4.28%                 | No            |                  2 | On Loan: No      |
| Discovery Global Holdings, Inc.                                 | Discovery Global Holdings, Inc.                                 | CUSIP: 55903VBW2<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |   1690000 | PA      | $1205865.70   | 0.23%             | 2042-03-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Magnolia Oil & Gas Operating LLC                                | Magnolia Oil & Gas Operating LLC                                | CUSIP: 559665AB0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1964000 | PA      | $2032109.56   | 0.39%             | 2032-12-01      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| MajorDrive Holdings IV LLC                                      | MajorDrive Holdings IV LLC                                      | CUSIP: 56085RAA8<br>LEI: 25490044R1FR5N8FIT62 | Long             | DBT              | CORP              | US        |    739000 | PA      | $617942.64    | 0.12%             | 2029-06-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| Manitowoc Co., Inc. (The)                                       | Manitowoc Co., Inc. (The)                                       | CUSIP: 563571AN8<br>LEI: 2RTSLGQ89VMY18RHX631 | Long             | DBT              | CORP              | US        |   1220000 | PA      | $1304432.54   | 0.25%             | 2031-10-01      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| Matador Resources Co.                                           | Matador Resources Co.                                           | CUSIP: 576485AG1<br>LEI: 549300CI3Q2UUK5R4G79 | Long             | DBT              | CORP              | US        |    624000 | PA      | $637206.34    | 0.12%             | 2032-04-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Matador Resources Co.                                           | Matador Resources Co.                                           | CUSIP: 576485AJ5<br>LEI: 549300CI3Q2UUK5R4G79 | Long             | DBT              | CORP              | US        |    786000 | PA      | $788986.80    | 0.15%             | 2034-04-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Mattamy Group Corp.                                             | Mattamy Group Corp.                                             | CUSIP: 57701RAM4<br>LEI: 5493008TNY7A82WCXU31 | Long             | DBT              | CORP              | CA        |   1037000 | PA      | $990350.45    | 0.19%             | 2030-03-01      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| Mattamy Group Corp.                                             | Mattamy Group Corp.                                             | CUSIP: 57701RAQ5<br>LEI: 5493008TNY7A82WCXU31 | Long             | DBT              | CORP              | CA        |   1097000 | PA      | $1053191.85   | 0.20%             | 2033-12-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Medline Borrower LP                                             | Medline Borrower LP                                             | CUSIP: 58506DAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    903000 | PA      | $923426.76    | 0.18%             | 2029-04-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Meridian Arc Holdco LLC                                         | Meridian Arc Holdco LLC                                         | CUSIP: 58990CAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2259000 | PA      | $2258485.83   | 0.43%             | 2031-04-30      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Mavis Tire Express Services Topco Corp.                         | Mavis Tire Express Services Topco Corp.                         | CUSIP: 59155LAA0<br>LEI: 254900NVDM4GTLBL9E56 | Long             | DBT              | CORP              | US        |   1313000 | PA      | $1309109.32   | 0.25%             | 2029-05-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Michaels Cos., Inc. (The)                                       | Michaels Cos., Inc. (The)                                       | CUSIP: 59408QAA4<br>LEI: 549300H9LWMBP7HYLR98 | Long             | DBT              | CORP              | US        |    631000 | PA      | $608917.38    | 0.12%             | 2034-03-15      | Fixed         | 11.00%                | Yes           |                  2 | On Loan: No      |
| Michaels Cos., Inc. (The)                                       | Michaels Cos., Inc. (The)                                       | CUSIP: 59408QAB2<br>LEI: 549300H9LWMBP7HYLR98 | Long             | DBT              | CORP              | US        |   1788000 | PA      | $1765739.22   | 0.34%             | 2033-03-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| Stagwell Global LLC                                             | Stagwell Global LLC                                             | CUSIP: 59565JAA9<br>LEI: 984500904E015Z0C1F82 | Long             | DBT              | CORP              | US        |   1755000 | PA      | $1669451.77   | 0.32%             | 2029-08-15      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| Mineral Resources Ltd.                                          | Mineral Resources Ltd.                                          | CUSIP: 603051AE3<br>LEI: 5299007V1ACKFFX2P066 | Long             | DBT              | CORP              | AU        |   1394000 | PA      | $1446819.40   | 0.28%             | 2028-10-01      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| Mineral Resources Ltd.                                          | Mineral Resources Ltd.                                          | CUSIP: 603051AG8<br>LEI: 5299007V1ACKFFX2P066 | Long             | DBT              | CORP              | AU        |    917000 | PA      | $909890.68    | 0.17%             | 2032-05-01      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| AthenaHealth Group, Inc.                                        | AthenaHealth Group, Inc.                                        | CUSIP: 60337JAA4<br>LEI: 254900AA3KZN4Q7A5Z33 | Long             | DBT              | CORP              | US        |   1940000 | PA      | $1849105.80   | 0.36%             | 2030-02-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Miter Brands Acquisition Holdco, Inc.                           | Miter Brands Acquisition Holdco, Inc.                           | CUSIP: 60672JAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    625000 | PA      | $617774.69    | 0.12%             | 2032-04-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Molina Healthcare, Inc.                                         | Molina Healthcare, Inc.                                         | CUSIP: 60855RAN0<br>LEI: 549300NQQCEQ46YHZ591 | Long             | DBT              | CORP              | US        |   2490000 | PA      | $2533449.98   | 0.49%             | 2031-02-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Moog, Inc.                                                      | Moog, Inc.                                                      | CUSIP: 615394AP8<br>LEI: 549300WM2I4U7OBAHG07 | Long             | DBT              | CORP              | US        |   1238000 | PA      | $1239104.30   | 0.24%             | 2034-10-15      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Medline Borrower LP                                             | Medline Borrower LP                                             | CUSIP: 62482BAB8<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |   2094000 | PA      | $2083971.21   | 0.40%             | 2029-10-01      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| NRG Energy, Inc.                                                | NRG Energy, Inc.                                                | CUSIP: 629377DC3<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |   2870000 | PA      | $2848797.88   | 0.55%             | 2034-01-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| NRG Energy, Inc.                                                | NRG Energy, Inc.                                                | CUSIP: 629377DD1<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |   2209000 | PA      | $2193883.15   | 0.42%             | 2036-01-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Nabors Industries, Inc.                                         | Nabors Industries, Inc.                                         | CUSIP: 62957HAQ8<br>LEI: 549300VFQWRKICUFNU92 | Long             | DBT              | CORP              | US        |   1575000 | PA      | $1663077.15   | 0.32%             | 2031-08-15      | Fixed         | 8.88%                 | Yes           |                  2 | On Loan: No      |
| Navient Corp.                                                   | Navient Corp.                                                   | CUSIP: 63938CAN8<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |    773000 | PA      | $802162.97    | 0.15%             | 2030-07-25      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| Neptune Bidco US, Inc.                                          | Neptune Bidco US, Inc.                                          | CUSIP: 640695AA0<br>LEI: 549300VG15T3VCYZ4531 | Long             | DBT              | CORP              | US        |   1975000 | PA      | $1997415.24   | 0.38%             | 2029-04-15      | Fixed         | 9.29%                 | Yes           |                  2 | On Loan: No      |
| Neptune Bidco US, Inc.                                          | Neptune Bidco US, Inc.                                          | CUSIP: 640695AC6<br>LEI: 549300VG15T3VCYZ4531 | Long             | DBT              | CORP              | US        |    585000 | PA      | $603703.04    | 0.12%             | 2031-05-15      | Fixed         | 10.38%                | Yes           |                  2 | On Loan: No      |
| Neptune Bidco US, Inc.                                          | Neptune Bidco US, Inc.                                          | CUSIP: 640695AD4<br>LEI: 549300VG15T3VCYZ4531 | Long             | DBT              | CORP              | US        |    649000 | PA      | $649514.92    | 0.12%             | 2033-02-15      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: No      |
| New Enterprise Stone & Lime Co., Inc.                           | New Enterprise Stone & Lime Co., Inc.                           | CUSIP: 644274AG7<br>LEI: 549300O5DQ5Y61B8VF38 | Long             | DBT              | CORP              | US        |    652000 | PA      | $656656.25    | 0.13%             | 2028-07-15      | Fixed         | 9.75%                 | Yes           |                  2 | On Loan: No      |
| New Flyer Holdings, Inc.                                        | New Flyer Holdings, Inc.                                        | CUSIP: 64438WAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1716000 | PA      | $1851648.08   | 0.36%             | 2030-07-01      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| Risewell Homes, Inc.                                            | Risewell Homes, Inc.                                            | CUSIP: 645370AG2<br>LEI: 549300PLCE8TB3TVRQ85 | Long             | DBT              | CORP              | US        |   1603000 | PA      | $1637822.19   | 0.31%             | 2030-11-01      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| XPLR Infrastructure Operating Partners LP                       | XPLR Infrastructure Operating Partners LP                       | CUSIP: 65342QAM4<br>LEI: 549300KJEC5IUVJWR786 | Long             | DBT              | CORP              | US        |   1411000 | PA      | $1467345.46   | 0.28%             | 2029-01-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| Nexstar Media, Inc.                                             | Nexstar Media, Inc.                                             | CUSIP: 65346UAA7<br>LEI: 5493006PK6I4I2OOT688 | Long             | DBT              | CORP              | US        |   1136000 | PA      | $1143254.53   | 0.22%             | 2034-04-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| Nexstar Media, Inc.                                             | Nexstar Media, Inc.                                             | CUSIP: 65346UAB5<br>LEI: 5493006PK6I4I2OOT688 | Long             | DBT              | CORP              | US        |   2137000 | PA      | $2153446.35   | 0.41%             | 2033-09-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Brundage-Bone Concrete Pumping Holdings, Inc.                   | Brundage-Bone Concrete Pumping Holdings, Inc.                   | CUSIP: 66981QAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1277000 | PA      | $1297813.82   | 0.25%             | 2032-02-01      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| NuStar Logistics LP                                             | NuStar Logistics LP                                             | CUSIP: 67059TAH8<br>LEI: N62BF2PKP51FIIOIUN20 | Long             | DBT              | CORP              | US        |   1882000 | PA      | $1956386.05   | 0.38%             | 2030-10-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Chord Energy Corp.                                              | Chord Energy Corp.                                              | CUSIP: 674215AN8<br>LEI: 529900FA4V2YNIKZ0M71 | Long             | DBT              | CORP              | US        |   1577000 | PA      | $1640982.04   | 0.32%             | 2033-03-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Chord Energy Corp.                                              | Chord Energy Corp.                                              | CUSIP: 674215AQ1<br>LEI: 529900FA4V2YNIKZ0M71 | Long             | DBT              | CORP              | US        |    476000 | PA      | $485183.94    | 0.09%             | 2030-10-01      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| 1011778 BC ULC                                                  | 1011778 BC ULC                                                  | CUSIP: 68245XAM1<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |   1376000 | PA      | $1309069.13   | 0.25%             | 2030-10-15      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| 1011778 BC ULC                                                  | 1011778 BC ULC                                                  | CUSIP: 68245XAR0<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |   2102000 | PA      | $2139077.64   | 0.41%             | 2029-06-15      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| 1011778 BC ULC                                                  | 1011778 BC ULC                                                  | CUSIP: 68245XAT6<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |   1070000 | PA      | $1079601.11   | 0.21%             | 2029-09-15      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| OneMain Finance Corp.                                           | OneMain Finance Corp.                                           | CUSIP: 682691AF7<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |   1049000 | PA      | $1075496.69   | 0.21%             | 2031-05-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| OneMain Finance Corp.                                           | OneMain Finance Corp.                                           | CUSIP: 682691AH3<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |   1569000 | PA      | $1596041.87   | 0.31%             | 2029-05-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| OneMain Finance Corp.                                           | OneMain Finance Corp.                                           | CUSIP: 682691AN0<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |   1044000 | PA      | $1026876.42   | 0.20%             | 2033-09-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| 1261229 BC Ltd.                                                 | 1261229 BC Ltd.                                                 | CUSIP: 68288AAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |   2233000 | PA      | $2306193.27   | 0.44%             | 2032-04-15      | Fixed         | 10.00%                | Yes           |                  2 | On Loan: No      |
| PBF Holding Co. LLC                                             | PBF Holding Co. LLC                                             | CUSIP: 69318FAL2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1354000 | PA      | $1387995.03   | 0.27%             | 2030-09-15      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| PG&E Corp.                                                      | PG&E Corp.                                                      | CUSIP: 69331CAJ7<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | DBT              | CORP              | US        |   2504000 | PA      | $2478873.84   | 0.48%             | 2030-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PG&E Corp.                                                      | PG&E Corp.                                                      | CUSIP: 69331CAM0<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | DBT              | CORP              | US        |   1127000 | PA      | $1159183.74   | 0.22%             | 2055-03-15      | Variable      | 7.38%                 | No            |                  2 | On Loan: No      |
| PR RNO Property Owner 1 LLC                                     | PR RNO Property Owner 1 LLC                                     | CUSIP: 69393LAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1579000 | PA      | $1565126.73   | 0.30%             | 2031-05-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Panther Escrow Issuer LLC                                       | Panther Escrow Issuer LLC                                       | CUSIP: 69867RAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3069000 | PA      | $3083371.18   | 0.59%             | 2031-06-01      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| Park Intermediate Holdings LLC                                  | Park Intermediate Holdings LLC                                  | CUSIP: 70052LAC7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2162000 | PA      | $2103069.35   | 0.40%             | 2029-05-15      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| Patrick Industries, Inc.                                        | Patrick Industries, Inc.                                        | CUSIP: 703343AH6<br>LEI: 549300FZ5ZTCCJ3Z5W14 | Long             | DBT              | CORP              | US        |   1988000 | PA      | $2000202.34   | 0.38%             | 2032-11-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| PennyMac Financial Services, Inc.                               | PennyMac Financial Services, Inc.                               | CUSIP: 70932MAF4<br>LEI: 549300W1D516HBDEU871 | Long             | DBT              | CORP              | US        |   3422000 | PA      | $3365036.02   | 0.65%             | 2033-02-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| Penske Automotive Group, Inc.                                   | Penske Automotive Group, Inc.                                   | CUSIP: 70959WAK9<br>LEI: 549300W7UTQ0M4C7LB15 | Long             | DBT              | CORP              | US        |   1258000 | PA      | $1205969.37   | 0.23%             | 2029-06-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Performance Food Group, Inc.                                    | Performance Food Group, Inc.                                    | CUSIP: 71376LAF7<br>LEI: 549300OMUOGBYK0FFO76 | Long             | DBT              | CORP              | US        |   1171000 | PA      | $1187007.57   | 0.23%             | 2032-09-15      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| Performance Food Group, Inc.                                    | Performance Food Group, Inc.                                    | CUSIP: 71376LAH3<br>LEI: 549300OMUOGBYK0FFO76 | Long             | DBT              | CORP              | US        |   1173000 | PA      | $1148556.65   | 0.22%             | 2034-03-01      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| Petco Health & Wellness Co., Inc.                               | Petco Health & Wellness Co., Inc.                               | CUSIP: 71601VAA3<br>LEI: 2549007TYGV6RVSE9M61 | Long             | DBT              | CORP              | US        |   1092000 | PA      | $1102784.90   | 0.21%             | 2031-02-01      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| PetSmart LLC                                                    | PetSmart LLC                                                    | CUSIP: 71677KAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1790000 | PA      | $1812551.51   | 0.35%             | 2032-09-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| Post Holdings, Inc.                                             | Post Holdings, Inc.                                             | CUSIP: 737446AQ7<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |   3161000 | PA      | $3071019.61   | 0.59%             | 2030-04-15      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| Post Holdings, Inc.                                             | Post Holdings, Inc.                                             | CUSIP: 737446AX2<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |   1165000 | PA      | $1150043.73   | 0.22%             | 2034-10-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Prairie Acquiror LP                                             | Prairie Acquiror LP                                             | CUSIP: 73943NAA4<br>LEI: 254900Q6KU2LVSIISH22 | Long             | DBT              | CORP              | US        |   1410000 | PA      | $1472423.52   | 0.28%             | 2029-08-01      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| Prestige Brands, Inc.                                           | Prestige Brands, Inc.                                           | CUSIP: 74112BAL9<br>LEI: 549300JBVP4J6D42I235 | Long             | DBT              | CORP              | US        |   1256000 | PA      | $1254136.60   | 0.24%             | 2028-01-15      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| Prestige Brands, Inc.                                           | Prestige Brands, Inc.                                           | CUSIP: 74112BAM7<br>LEI: 549300JBVP4J6D42I235 | Long             | DBT              | CORP              | US        |   1496000 | PA      | $1381795.96   | 0.27%             | 2031-04-01      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| Prime Healthcare Services, Inc.                                 | Prime Healthcare Services, Inc.                                 | CUSIP: 74165HAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1242000 | PA      | $1287921.92   | 0.25%             | 2029-09-01      | Fixed         | 9.38%                 | Yes           |                  2 | On Loan: No      |
| Qnity Electronics, Inc.                                         | Qnity Electronics, Inc.                                         | CUSIP: 74743LAA8<br>LEI: 254900RSUG4J9TFFZX53 | Long             | DBT              | CORP              | US        |   1377000 | PA      | $1390248.12   | 0.27%             | 2032-08-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Qnity Electronics, Inc.                                         | Qnity Electronics, Inc.                                         | CUSIP: 74743LAB6<br>LEI: 254900RSUG4J9TFFZX53 | Long             | DBT              | CORP              | US        |   1082000 | PA      | $1107022.33   | 0.21%             | 2033-08-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Quikrete Holdings, Inc.                                         | Quikrete Holdings, Inc.                                         | CUSIP: 74843PAA8<br>LEI: 5493007KIN86DIZWZT22 | Long             | DBT              | CORP              | US        |   3606000 | PA      | $3662895.58   | 0.70%             | 2032-03-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| RHP Hotel Properties LP                                         | RHP Hotel Properties LP                                         | CUSIP: 749571AJ4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2572000 | PA      | $2631847.87   | 0.51%             | 2028-07-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| RHP Hotel Properties LP                                         | RHP Hotel Properties LP                                         | CUSIP: 749571AK1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    321000 | PA      | $329381.95    | 0.06%             | 2032-04-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| RXO, Inc.                                                       | RXO, Inc.                                                       | CUSIP: 74982TAA1<br>LEI: 549300KL8CA6GP8XPM30 | Long             | DBT              | CORP              | US        |   1355000 | PA      | $1341783.02   | 0.26%             | 2031-05-15      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| RHP Hotel Properties LP                                         | RHP Hotel Properties LP                                         | CUSIP: 74984CAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    795000 | PA      | $790236.26    | 0.15%             | 2034-03-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Raven Acquisition Holdings LLC                                  | Raven Acquisition Holdings LLC                                  | CUSIP: 75420NAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2031000 | PA      | $2010490.15   | 0.39%             | 2031-11-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| RB Global Holdings, Inc.                                        | RB Global Holdings, Inc.                                        | CUSIP: 76774LAC1<br>LEI: 254900LH3N0EGB1LQ203 | Long             | DBT              | CORP              | US        |   3118000 | PA      | $3237355.54   | 0.62%             | 2031-03-15      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| Rivers Enterprise Borrower LLC                                  | Rivers Enterprise Borrower LLC                                  | CUSIP: 76884GAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1358000 | PA      | $1381455.38   | 0.27%             | 2030-10-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Rocket Cos., Inc.                                               | Rocket Cos., Inc.                                               | CUSIP: 77311WAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1018000 | PA      | $1033102.03   | 0.20%             | 2030-08-01      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| Rocket Cos., Inc.                                               | Rocket Cos., Inc.                                               | CUSIP: 77311WAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2503000 | PA      | $2533524.09   | 0.49%             | 2033-08-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| Rocket Mortgage LLC                                             | Rocket Mortgage LLC                                             | CUSIP: 77313LAB9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    536000 | PA      | $482921.03    | 0.09%             | 2033-10-15      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Rockies Express Pipeline LLC                                    | Rockies Express Pipeline LLC                                    | CUSIP: 77340RAM9<br>LEI: W2ZGZGZKY5GGNY6F3V51 | Long             | DBT              | CORP              | US        |   1561000 | PA      | $1576427.36   | 0.30%             | 2040-04-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| Rockies Express Pipeline LLC                                    | Rockies Express Pipeline LLC                                    | CUSIP: 77340RAU1<br>LEI: W2ZGZGZKY5GGNY6F3V51 | Long             | DBT              | CORP              | US        |    887000 | PA      | $924808.67    | 0.18%             | 2033-03-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| SCIH Salt Holdings, Inc.                                        | SCIH Salt Holdings, Inc.                                        | CUSIP: 78433BAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2097000 | PA      | $2081503.17   | 0.40%             | 2029-05-01      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| SM Energy Co.                                                   | SM Energy Co.                                                   | CUSIP: 78454LAZ3<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | DBT              | CORP              | US        |    764000 | PA      | $774562.30    | 0.15%             | 2034-04-15      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| SS&C Technologies, Inc.                                         | SS&C Technologies, Inc.                                         | CUSIP: 78466CAD8<br>LEI: 549300KY09TR3J12JU49 | Long             | DBT              | CORP              | US        |   1237000 | PA      | $1251636.99   | 0.24%             | 2032-06-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| SV RNO Property Owner 1 LLC                                     | SV RNO Property Owner 1 LLC                                     | CUSIP: 78488XAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2327000 | PA      | $2283133.00   | 0.44%             | 2031-03-01      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Scripps Escrow II, Inc.                                         | Scripps Escrow II, Inc.                                         | CUSIP: 81105DAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    986000 | PA      | $934272.15    | 0.18%             | 2029-01-15      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| Service Corp. International                                     | Service Corp. International                                     | CUSIP: 817565CH5<br>LEI: 549300RKVM2ME20JHZ15 | Long             | DBT              | CORP              | US        |   3294000 | PA      | $3323043.20   | 0.64%             | 2032-10-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Sinclair Television Group, Inc.                                 | Sinclair Television Group, Inc.                                 | CUSIP: 829259BH2<br>LEI: 549300CQGEN0CH65UD62 | Long             | DBT              | CORP              | US        |   1554000 | PA      | $1609275.78   | 0.31%             | 2033-02-15      | Fixed         | 8.12%                 | Yes           |                  2 | On Loan: No      |
| Six Flags Entertainment Corp.                                   | Six Flags Entertainment Corp.                                   | CUSIP: 83002YAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1060000 | PA      | $1078855.28   | 0.21%             | 2032-05-01      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| Six Flags Entertainment Corp.                                   | Six Flags Entertainment Corp.                                   | CUSIP: 83003AAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1602000 | PA      | $1628674.90   | 0.31%             | 2032-01-15      | Fixed         | 8.62%                 | Yes           |                  2 | On Loan: No      |
| Snap, Inc.                                                      | Snap, Inc.                                                      | CUSIP: 83304AAL0<br>LEI: 549300JNC0L6VP8A2Q35 | Long             | DBT              | CORP              | US        |   1986000 | PA      | $1933444.88   | 0.37%             | 2033-03-01      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| OneMain Finance Corp.                                           | OneMain Finance Corp.                                           | CUSIP: 85172FAR0<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    906000 | PA      | $893087.78    | 0.17%             | 2029-11-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Star Parent, Inc.                                               | Star Parent, Inc.                                               | CUSIP: 855170AA4<br>LEI: 254900GRGCJYRMDRWT73 | Long             | DBT              | CORP              | US        |    931000 | PA      | $975272.77    | 0.19%             | 2030-10-01      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| Starwood Property Trust, Inc.                                   | Starwood Property Trust, Inc.                                   | CUSIP: 85571BBG9<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              | CORP              | US        |   2025000 | PA      | $2023018.96   | 0.39%             | 2031-01-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| SunCoke Energy, Inc.                                            | SunCoke Energy, Inc.                                            | CUSIP: 86722AAD5<br>LEI: 1KF1J2NXQE2PI0QOB943 | Long             | DBT              | CORP              | US        |    620000 | PA      | $571600.69    | 0.11%             | 2029-06-30      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| Sunoco LP                                                       | Sunoco LP                                                       | CUSIP: 86765KAC3<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |   2328000 | PA      | $2438179.58   | 0.47%             | 2032-05-01      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| Sunoco LP                                                       | Sunoco LP                                                       | CUSIP: 86765KAK5<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |   1731000 | PA      | $1683473.66   | 0.32%             | 2030-05-01      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| Sunoco LP                                                       | Sunoco LP                                                       | CUSIP: 86765KAL3<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |    791000 | PA      | $808724.73    | 0.16%             | 2032-08-15      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| Surgery Center Holdings, Inc.                                   | Surgery Center Holdings, Inc.                                   | CUSIP: 86881WAF9<br>LEI: 54930054EVI5HWPPW113 | Long             | DBT              | CORP              | US        |   1839000 | PA      | $1834090.42   | 0.35%             | 2032-04-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| Talen Energy Supply LLC                                         | Talen Energy Supply LLC                                         | CUSIP: 87422VAM0<br>LEI: K5K33XN0PQAU1XF7NN66 | Long             | DBT              | CORP              | US        |   2017000 | PA      | $2001946.73   | 0.38%             | 2034-02-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Talen Energy Supply LLC                                         | Talen Energy Supply LLC                                         | CUSIP: 87422VAN8<br>LEI: K5K33XN0PQAU1XF7NN66 | Long             | DBT              | CORP              | US        |    778000 | PA      | $780946.15    | 0.15%             | 2036-02-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Tallgrass Energy Partners LP                                    | Tallgrass Energy Partners LP                                    | CUSIP: 87470LAD3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2589000 | PA      | $2582765.43   | 0.50%             | 2028-01-15      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Tallgrass Energy Partners LP                                    | Tallgrass Energy Partners LP                                    | CUSIP: 87470LAL5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    750000 | PA      | $772674.00    | 0.15%             | 2029-02-15      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| Tallgrass Energy Partners LP                                    | Tallgrass Energy Partners LP                                    | CUSIP: 87470LAM3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    405000 | PA      | $413823.29    | 0.08%             | 2034-03-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Taseko Mines Ltd.                                               | Taseko Mines Ltd.                                               | CUSIP: 876511AG1<br>LEI: 549300XKUO1JSLU7KX54 | Long             | DBT              | CORP              | CA        |   1556000 | PA      | $1628892.38   | 0.31%             | 2030-05-01      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| Terex Corp.                                                     | Terex Corp.                                                     | CUSIP: 880779BB8<br>LEI: YAWJZJYEQ7M1SYMOS462 | Long             | DBT              | CORP              | US        |   1239000 | PA      | $1259278.71   | 0.24%             | 2032-10-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| TerraForm Power Operating LLC                                   | TerraForm Power Operating LLC                                   | CUSIP: 88104LAE3<br>LEI: 5493000S2OLR3UT5BE13 | Long             | DBT              | CORP              | US        |   1784000 | PA      | $1766598.33   | 0.34%             | 2028-01-31      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| TerraForm Power Operating LLC                                   | TerraForm Power Operating LLC                                   | CUSIP: 88104LAG8<br>LEI: 5493000S2OLR3UT5BE13 | Long             | DBT              | CORP              | US        |    425000 | PA      | $411753.60    | 0.08%             | 2030-01-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| TransDigm, Inc.                                                 | TransDigm, Inc.                                                 | CUSIP: 893647BR7<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |   1111000 | PA      | $1126007.39   | 0.22%             | 2028-08-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| TransDigm, Inc.                                                 | TransDigm, Inc.                                                 | CUSIP: 893647BS5<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |   2753000 | PA      | $2837255.57   | 0.55%             | 2030-12-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| TransDigm, Inc.                                                 | TransDigm, Inc.                                                 | CUSIP: 893647BU0<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |    868000 | PA      | $885320.94    | 0.17%             | 2029-03-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| TransDigm, Inc.                                                 | TransDigm, Inc.                                                 | CUSIP: 893647BY2<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |   3116000 | PA      | $3139958.92   | 0.60%             | 2033-05-31      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| TransDigm, Inc.                                                 | TransDigm, Inc.                                                 | CUSIP: 893647CB1<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |   1581000 | PA      | $1582738.97   | 0.30%             | 2034-07-31      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| TransMontaigne Partners LLC                                     | TransMontaigne Partners LLC                                     | CUSIP: 89377AAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1001000 | PA      | $1035966.93   | 0.20%             | 2030-06-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| TriNet Group, Inc.                                              | TriNet Group, Inc.                                              | CUSIP: 896288AA5<br>LEI: 5299003FJVBETSFKE990 | Long             | DBT              | CORP              | US        |   1365000 | PA      | $1268801.71   | 0.24%             | 2029-03-01      | Fixed         | 3.50%                 | Yes           |                  2 | On Loan: No      |
| TriNet Group, Inc.                                              | TriNet Group, Inc.                                              | CUSIP: 896288AC1<br>LEI: 5299003FJVBETSFKE990 | Long             | DBT              | CORP              | US        |    687000 | PA      | $681929.53    | 0.13%             | 2031-08-15      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| TrueNoord Capital DAC                                           | TrueNoord Capital DAC                                           | CUSIP: 89785GAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |    901000 | PA      | $918667.40    | 0.18%             | 2030-03-01      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| Turning Point Brands, Inc.                                      | Turning Point Brands, Inc.                                      | CUSIP: 90041LAG0<br>LEI: 549300IYG00QF0VVP302 | Long             | DBT              | CORP              | US        |   1491000 | PA      | $1536114.68   | 0.30%             | 2032-03-15      | Fixed         | 7.62%                 | Yes           |                  2 | On Loan: No      |
| US Foods, Inc.                                                  | US Foods, Inc.                                                  | CUSIP: 90290MAD3<br>LEI: 5493000JOOFAOUY1JZ87 | Long             | DBT              | CORP              | US        |   2634000 | PA      | $2605325.22   | 0.50%             | 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        |    748000 | PA      | $750745.16    | 0.14%             | 2033-04-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| US Acute Care Solutions LLC                                     | US Acute Care Solutions LLC                                     | CUSIP: 90367UAD3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1180000 | PA      | $1115143.87   | 0.21%             | 2029-05-15      | Fixed         | 9.75%                 | Yes           |                  2 | On Loan: No      |
| Uniti Group LP                                                  | Uniti Group LP                                                  | CUSIP: 91327BAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1567000 | PA      | $1539602.26   | 0.30%             | 2029-02-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Uniti Group LP                                                  | Uniti Group LP                                                  | CUSIP: 91327TAC5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1178000 | PA      | $1232900.03   | 0.24%             | 2032-06-15      | Fixed         | 8.62%                 | Yes           |                  2 | On Loan: No      |
| Univision Communications, Inc.                                  | Univision Communications, Inc.                                  | CUSIP: 914906AZ5<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |   2072000 | PA      | $2102872.36   | 0.40%             | 2031-07-31      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| Univision Communications, Inc.                                  | Univision Communications, Inc.                                  | CUSIP: 914906BB7<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |    920000 | PA      | $925014.42    | 0.18%             | 2033-04-15      | Fixed         | 8.88%                 | Yes           |                  2 | On Loan: No      |
| USA Compression Partners LP                                     | USA Compression Partners LP                                     | CUSIP: 91740PAG3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2269000 | PA      | $2344861.75   | 0.45%             | 2029-03-15      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| Valaris Ltd.                                                    | Valaris Ltd.                                                    | CUSIP: 91889FAC5<br>LEI: 5299008BQ9IREYWBTS30 | Long             | DBT              | CORP              | BM        |   1401000 | PA      | $1460919.37   | 0.28%             | 2030-04-30      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| Venture Global Plaquemines LNG LLC                              | Venture Global Plaquemines LNG LLC                              | CUSIP: 922966AA4<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |    600000 | PA      | $665377.80    | 0.13%             | 2033-05-01      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| Venture Global Plaquemines LNG LLC                              | Venture Global Plaquemines LNG LLC                              | CUSIP: 922966AC0<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |   1431000 | PA      | $1498973.93   | 0.29%             | 2034-01-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Venture Global Plaquemines LNG LLC                              | Venture Global Plaquemines LNG LLC                              | CUSIP: 922966AD8<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |   1407000 | PA      | $1495697.28   | 0.29%             | 2036-01-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Venture Global LNG, Inc.                                        | Venture Global LNG, Inc.                                        | CUSIP: 92332YAA9<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |    783000 | PA      | $801182.04    | 0.15%             | 2028-06-01      | Fixed         | 8.12%                 | Yes           |                  2 | On Loan: No      |
| Venture Global LNG, Inc.                                        | Venture Global LNG, Inc.                                        | CUSIP: 92332YAB7<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |   1643000 | PA      | $1713047.66   | 0.33%             | 2031-06-01      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| Venture Global LNG, Inc.                                        | Venture Global LNG, Inc.                                        | CUSIP: 92332YAC5<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |   1162000 | PA      | $1268168.45   | 0.24%             | 2029-02-01      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: No      |
| Venture Global LNG, Inc.                                        | Venture Global LNG, Inc.                                        | CUSIP: 92332YAF8<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |   2343000 | PA      | $2317327.05   | 0.45%             | 2029-09-30      | Variable      | 9.00%                 | Yes           |                  2 | On Loan: No      |
| Veritiv Operating Co.                                           | Veritiv Operating Co.                                           | CUSIP: 92339LAA0<br>LEI: 5493004G8OK5L1UTIY12 | Long             | DBT              | CORP              | US        |   1337000 | PA      | $1408896.91   | 0.27%             | 2030-11-30      | Fixed         | 10.50%                | Yes           |                  2 | On Loan: No      |
| Versant Media Group, Inc.                                       | Versant Media Group, Inc.                                       | CUSIP: 925283AA1<br>LEI: 254900D2Q5F5F229PU30 | Long             | DBT              | CORP              | US        |    929000 | PA      | $964547.71    | 0.19%             | 2031-01-30      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| Paramount Global                                                | Paramount Global                                                | CUSIP: 92553PAP7<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | DBT              | CORP              | US        |    929000 | PA      | $592422.49    | 0.11%             | 2043-03-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Paramount Global                                                | Paramount Global                                                | CUSIP: 92556HAB3<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | DBT              | CORP              | US        |    620000 | PA      | $584851.25    | 0.11%             | 2031-01-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Viking Baked Goods Acquisition Corp.                            | Viking Baked Goods Acquisition Corp.                            | CUSIP: 92676AAA5<br>LEI: 254900DBFD2H1FJK0893 | Long             | DBT              | CORP              | US        |   1302000 | PA      | $1329362.69   | 0.26%             | 2031-11-01      | Fixed         | 8.62%                 | Yes           |                  2 | On Loan: No      |
| Viking Cruises Ltd.                                             | Viking Cruises Ltd.                                             | CUSIP: 92676XAH0<br>LEI: 549300IJP90T4MV2GL84 | Long             | DBT              | CORP              | BM        |   1233000 | PA      | $1236133.05   | 0.24%             | 2033-10-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Viking Ocean Cruises Ship VII Ltd.                              | Viking Ocean Cruises Ship VII Ltd.                              | CUSIP: 92682RAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   2069000 | PA      | $2067652.87   | 0.40%             | 2029-02-15      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| Virgin Media Finance plc                                        | Virgin Media Finance plc                                        | CUSIP: 92769VAJ8<br>LEI: 2138001LVYC87DDHT482 | Long             | DBT              | CORP              | GB        |   1579000 | PA      | $1330980.31   | 0.26%             | 2030-07-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Virtusa Corp.                                                   | Virtusa Corp.                                                   | CUSIP: 92837TAA0<br>LEI: C77OMXDER63WLJCSKT03 | Long             | DBT              | CORP              | US        |   1107000 | PA      | $920478.69    | 0.18%             | 2028-12-15      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| WR Grace Holdings LLC                                           | WR Grace Holdings LLC                                           | CUSIP: 92943GAH4<br>LEI: 549300WNOVFRGYOAEB12 | Long             | DBT              | CORP              | US        |   2174000 | PA      | $2159521.16   | 0.42%             | 2033-08-01      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Wabash National Corp.                                           | Wabash National Corp.                                           | CUSIP: 929566AL1<br>LEI: 5299004ZAWHQZI5XO485 | Long             | DBT              | CORP              | US        |   1316000 | PA      | $1161447.12   | 0.22%             | 2028-10-15      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| Walker & Dunlop, Inc.                                           | Walker & Dunlop, Inc.                                           | CUSIP: 93148PAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1676000 | PA      | $1666712.11   | 0.32%             | 2033-04-01      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| Weekley Homes LLC                                               | Weekley Homes LLC                                               | CUSIP: 948565AD8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1360000 | PA      | $1329716.20   | 0.26%             | 2028-09-15      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| White Cap Supply Holdings LLC                                   | White Cap Supply Holdings LLC                                   | CUSIP: 96467GAC2<br>LEI: 254900L2N0T6GULCL366 | Long             | DBT              | CORP              | US        |   1853000 | PA      | $1873657.24   | 0.36%             | 2030-11-15      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| Wildfire Intermediate Holdings LLC                              | Wildfire Intermediate Holdings LLC                              | CUSIP: 96812HAA6<br>LEI: 5493003RHEMQJZEXIR02 | Long             | DBT              | CORP              | US        |   1223000 | PA      | $1258717.72   | 0.24%             | 2029-10-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| Windstream Services LLC                                         | Windstream Services LLC                                         | CUSIP: 97381AAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    687000 | PA      | $726638.53    | 0.14%             | 2031-10-01      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| WULF Compute LLC                                                | WULF Compute LLC                                                | CUSIP: 982911AA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2324000 | PA      | $2442512.78   | 0.47%             | 2030-10-15      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| Wyndham Hotels & Resorts, Inc.                                  | Wyndham Hotels & Resorts, Inc.                                  | CUSIP: 98311AAB1<br>LEI: 549300FE3MQ4RVXXC673 | Long             | DBT              | CORP              | US        |   2014000 | PA      | $1981370.82   | 0.38%             | 2028-08-15      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| Wyndham Hotels & Resorts, Inc.                                  | Wyndham Hotels & Resorts, Inc.                                  | CUSIP: 98311AAE5<br>LEI: 549300FE3MQ4RVXXC673 | Long             | DBT              | CORP              | US        |    853000 | PA      | $844094.00    | 0.16%             | 2033-03-01      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| Wynn Macau Ltd.                                                 | Wynn Macau Ltd.                                                 | CUSIP: 98313RAH9<br>LEI: 254900NMDQ8ENTHU1I31 | Long             | DBT              | CORP              | KY        |   1955000 | PA      | $1940415.50   | 0.37%             | 2028-08-26      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| Wynn Macau Ltd.                                                 | Wynn Macau Ltd.                                                 | CUSIP: 98313RAL0<br>LEI: 254900NMDQ8ENTHU1I31 | Long             | DBT              | CORP              | KY        |    694000 | PA      | $695505.49    | 0.13%             | 2034-02-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| XHR LP                                                          | XHR LP                                                          | CUSIP: 98372MAC9<br>LEI: 549300M88BPT83ZL2164 | Long             | DBT              | CORP              | US        |   1976000 | PA      | $1939460.20   | 0.37%             | 2029-06-01      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| XPO, Inc.                                                       | XPO, Inc.                                                       | CUSIP: 983793AK6<br>LEI: 54930096DB9LCLPN7H13 | Long             | DBT              | CORP              | US        |   1239000 | PA      | $1292056.46   | 0.25%             | 2032-02-01      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| XPLR Infrastructure Operating Partners LP                       | XPLR Infrastructure Operating Partners LP                       | CUSIP: 98380MAA3<br>LEI: 549300KJEC5IUVJWR786 | Long             | DBT              | CORP              | US        |    949000 | PA      | $1014069.13   | 0.19%             | 2031-01-15      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| XPLR Infrastructure Operating Partners LP                       | XPLR Infrastructure Operating Partners LP                       | CUSIP: 98380MAB1<br>LEI: 549300KJEC5IUVJWR786 | Long             | DBT              | CORP              | US        |    391000 | PA      | $419001.73    | 0.08%             | 2033-03-15      | Fixed         | 8.62%                 | Yes           |                  2 | On Loan: No      |
| Zebra Technologies Corp.                                        | Zebra Technologies Corp.                                        | CUSIP: 989207AD7<br>LEI: PO0I32GKZ3HZMMDPZZ08 | Long             | DBT              | CORP              | US        |   1846000 | PA      | $1881909.98   | 0.36%             | 2032-06-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Zegona Finance plc                                              | Zegona Finance plc                                              | CUSIP: 98927UAA5<br>LEI: 254900B3KC1SS7T2TE92 | Long             | DBT              | CORP              | GB        |   1178000 | PA      | $1232275.67   | 0.24%             | 2029-07-15      | Fixed         | 8.62%                 | Yes           |                  2 | On Loan: No      |
| Ziggo Bond Co. BV                                               | Ziggo Bond Co. BV                                               | CUSIP: 98953GAD7<br>LEI: 213800JYI4P7V5QDOG59 | Long             | DBT              | CORP              | NL        |   2706000 | PA      | $2373701.04   | 0.46%             | 2030-02-28      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| LTRI Holdings LP                                                | LTRI Holdings LP                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |      3300 | NS      | $615912.00    | 0.12%             |  |  |  | No            |                  3 | On Loan: No      |
| ams-OSRAM AG                                                    | ams-OSRAM AG                                                    | CUSIP: N/A<br>LEI: 5299001JPPT2QFTV5D76       | Long             | DBT              | CORP              | AT        |    876000 | PA      | $1082868.54   | 0.21%             | 2029-03-30      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| Grifols SA                                                      | Grifols SA                                                      | CUSIP: N/A<br>LEI: 959800HSSNXWRKBK4N60       | Long             | DBT              | CORP              | ES        |    911000 | PA      | $1109931.43   | 0.21%             | 2030-05-01      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| Ardonagh Finco Ltd.                                             | Ardonagh Finco Ltd.                                             | CUSIP: N/A<br>LEI: 254900D2T84O1K03BA28       | Long             | DBT              | CORP              | JE        |    852000 | PA      | $1001098.31   | 0.19%             | 2031-02-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Petra Diamonds Ltd.                                             | Petra Diamonds Ltd.                                             | CUSIP: N/A<br>LEI: 213800X4QZIAVSA12860       | Long             | EC               | CORP              | BM        |     61268 | NS      | $14423.08     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Iliad Holding SAS                                               | Iliad Holding SAS                                               | CUSIP: N/A<br>LEI: 9695009BGMXB527HV965       | Long             | DBT              | CORP              | FR        |    691000 | PA      | $852004.37    | 0.16%             | 2031-04-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| Clarios Global LP                                               | Clarios Global LP                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |    952000 | PA      | $1116499.22   | 0.21%             | 2031-06-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| Iliad Holding SAS                                               | Iliad Holding SAS                                               | CUSIP: N/A<br>LEI: 9695009BGMXB527HV965       | Long             | DBT              | CORP              | FR        |    350000 | PA      | $418889.11    | 0.08%             | 2030-04-15      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| Maxam Prill Sarl                                                | Maxam Prill Sarl                                                | CUSIP: N/A<br>LEI: 984500C4C5B820A6B691       | Long             | DBT              | CORP              | LU        |   1528000 | PA      | $1811015.84   | 0.35%             | 2030-07-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| EURO                                                            | EURO                                                            | CUSIP: N/A<br>LEI: N/A                        | Short            | STIV             |  | XX        |     -7105 | OU      | $-8338.76     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Petra Diamonds US Treasury plc                                  | Petra Diamonds US Treasury plc                                  | CUSIP: N/A<br>LEI: 635400LZYOO6WHAO2H58       | Long             | DBT              | CORP              | GB        |    901009 | PA      | $499101.84    | 0.10%             | 2030-03-08      | Fixed         | 9.75%                 | Yes           |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-06-01

**Name of Applicant:** MFS Series Trust III

**Signature:** James Byrne

**Name of Signer:** James Byrne

**Title:** Assistant Treasurer