# EDGAR Filing Document

**Accession Number:** 0001145022
**File Stem:** 0000894189-25-005660
**Filing Date:** 2025-8
**Character Count:** 89630
**Document Hash:** 3759c4d75684d92c72e216e838f1e3e8
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000894189-25-005660.hdr.sgml**: 20250820

**ACCESSION NUMBER**: 0000894189-25-005660

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250820

**DATE AS OF CHANGE**: 20250819

**PERIOD START**: 20250630

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** HOTCHKIS & WILEY FUNDS /DE/
- **CENTRAL INDEX KEY:** 0001145022

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0630

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-10487
- **FILM NUMBER:** 251233205

**BUSINESS ADDRESS:**
- **STREET 1:** 601 SOUTH FIGUEROA STREET
- **STREET 2:** 39TH FLOOR
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90017-5704
- **BUSINESS PHONE:** 2134301000

**MAIL ADDRESS:**
- **STREET 1:** 601 SOUTH FIGUEROA STREET
- **STREET 2:** 39TH FLOOR
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90017-5704

## Series and Classes Contracts Data

### Hotchkis & Wiley High Yield Fund (Series ID: S000025241)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000075208 | Class A      | HWHAX           |
| C000075210 | Class I      | HWHIX           |
| C000199806 | Class Z      | HWHZX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** HOTCHKIS & WILEY FUNDS/DE/

- **b. Investment Company Act file number:** 811-10487

- **c. CIK number of Registrant:** 0001145022

- **d. LEI of Registrant:** 549300DFU8YF1PWZ5A57

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

  - **Street Address 1:** 601 South Figueroa Street

  - **City:** Los Angeles

  - **State:** CA

  - **Foreign country:** US

  - **Zip / Postal Code:** 90017-5704

  - **Telephone number:** 213-430-1000

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

- **a. Name of Series:** Hotchkis and Wiley High Yield Fund

- **b. EDGAR series identifier (if any):** S000025241

- **c. LEI of Series:** 549300Q9KIJE8HOUVV59

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

- **a. Date of fiscal year-end:** 2025-06-30

- **b. Date as of which information is reported:** 2025-06-30

**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:** $783362523.35

**Total Liabilities:** $9569061.86

**Net Assets:** $773793461.49

**Delayed Delivery Securities:** $4273005.22

**Cash Not Reported:** $2325164.61

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 0.000000000000 | **1-Year:** 0.000000000000 | **5-Year:** 95.412769000000 | **10-Year:** 4539.954131000000 | **30-Year:** 0.000000000000

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

- **3-Month:** 75332.836450000000 | **1-Year:** 93645.854791000000 | **5-Year:** 34588.417674000000 | **10-Year:** 4424.743881000000 | **30-Year:** 0.000000000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000075208 | -0.07%               | 1.88%                | 1.84%                |
| Class ID C000075210 | -0.06%               | 1.98%                | 1.84%                |
| Class ID C000199806 | -0.05%               | 1.89%                | 1.85%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-719244.57              | $-5574139.45                               |
| Month 2  | $-24383107.45            | $35085762.16                               |
| Month 3  | $154812.92               | $9955859.00                                |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### Schedule of Portfolio Investments

| Name                               | Title                                                                            | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| ENERFLEX LTD                       | Enerflex Ltd                                                                     | CUSIP: 29269RAA3<br>LEI: 54930014N7872VUS3F89 | Long             | DBT              | CORP              | CA        |   3186000 | PA      | $3296426.76   | 0.43%             | 2027-10-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| ENSTAR GROUP LTD                   | Enstar Group Ltd                                                                 | CUSIP: 29359UAD1<br>LEI: 213800AMAL5QFXVUCN04 | Long             | DBT              | CORP              | BM        |    875000 | PA      | $902254.50    | 0.12%             | 2045-04-01      | Variable      | 7.50%                 | No            |                  2 | On Loan: No      |
| FRONTIER COMMUNICATIONS            | Frontier Communications Holdings LLC                                             | CUSIP: 35908MAE0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2380000 | PA      | $2530696.20   | 0.33%             | 2031-03-15      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| GOODYEAR TIRE & RUBBER             | Goodyear Tire & Rubber Co/The                                                    | CUSIP: 382550BR1<br>LEI: 5493002BI0S2ZQUY3437 | Long             | DBT              | CORP              | US        |   2743000 | PA      | $2631859.95   | 0.34%             | 2031-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| JB POINDEXTER & CO INC             | JB Poindexter & Co Inc                                                           | CUSIP: 465965AC5<br>LEI: 549300W6P81HOZZGPQ16 | Long             | DBT              | CORP              | US        |   3867000 | PA      | $3940275.13   | 0.51%             | 2031-12-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                     | NRG Energy Inc                                                                   | CUSIP: 629377CX8<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |   3581000 | PA      | $3650732.88   | 0.47%             | 2034-11-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| NOBLE FINANCE II LLC               | Noble Finance II LLC                                                             | CUSIP: 65505PAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5240000 | PA      | $5339968.14   | 0.69%             | 2030-04-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| NOVA CHEMICALS CORP                | NOVA Chemicals Corp                                                              | CUSIP: 66977WAV1<br>LEI: 549300ZOD6N7RI2FJP09 | Long             | DBT              | CORP              | CA        |   4347000 | PA      | $4557428.40   | 0.59%             | 2031-12-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| ORGANON & CO/ORGANON FOR           | Organon & Co / Organon Foreign Debt Co-Issuer BV                                 | CUSIP: 68622FAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1379000 | PA      | $1247027.30   | 0.16%             | 2034-05-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| PAR PETROLEUM LLC                  | Par Petroleum LLC                                                                | CUSIP: 69889PAE5<br>LEI: 984500CCF05C2FB39F45 | Long             | LON              | CORP              | US        |   3716179 | PA      | $3690648.40   | 0.48%             | 2030-02-28      | Floating      | 8.04%                 | Yes           |                  2 | On Loan: No      |
| JOURNEY PERSONAL CARE CO           | Journey Personal Care Corp                                                       | CUSIP: 48114NAF8<br>LEI: 5493000G9KGROJ41TP46 | Long             | LON              | CORP              | US        |   4069101 | PA      | $4075876.05   | 0.53%             | 2028-03-01      | Floating      | 8.05%                 | Yes           |                  2 | On Loan: No      |
| HILCORP ENERGY I/HILCORP           | Hilcorp Energy I LP / Hilcorp Finance Co                                         | CUSIP: 431318AV6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4213000 | PA      | $4078728.74   | 0.53%             | 2031-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| KAISER ALUMINUM CORP               | Kaiser Aluminum Corp                                                             | CUSIP: 483007AL4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3925000 | PA      | $3674705.11   | 0.47%             | 2031-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| MARRIOTT OWNERSHIP RESOR           | Marriott Ownership Resorts Inc                                                   | CUSIP: 57164PAH9<br>LEI: BW4532OH033VURR0IT68 | Long             | DBT              | CORP              | US        |   4638000 | PA      | $4457264.10   | 0.58%             | 2029-06-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| MERCER INTL INC                    | Mercer International Inc                                                         | CUSIP: 588056BC4<br>LEI: 549300Z5IAG39VRTY874 | Long             | DBT              | CORP              | US        |    708000 | PA      | $718983.91    | 0.09%             | 2028-10-01      | Fixed         | 12.88%                | No            |                  2 | On Loan: No      |
| PAPA JOHN'S INTERNATIONA           | Papa John's International Inc                                                    | CUSIP: 698813AA0<br>LEI: HZYLD3DK5XOX0WBVNB56 | Long             | DBT              | CORP              | US        |   3912000 | PA      | $3818261.05   | 0.49%             | 2029-09-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| QUIKRETE HOLDINGS INC              | Quikrete Holdings Inc                                                            | CUSIP: 74843PAB6<br>LEI: 5493007KIN86DIZWZT22 | Long             | DBT              | CORP              | US        |   3782000 | PA      | $3904729.68   | 0.50%             | 2033-03-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| RAIN CARBON INC                    | Rain Carbon Inc                                                                  | CUSIP: 75079LAB7<br>LEI: 25490038N6JQH7QXUK52 | Long             | DBT              | CORP              | US        |   3538000 | PA      | $3798754.14   | 0.49%             | 2029-09-01      | Fixed         | 12.25%                | No            |                  2 | On Loan: No      |
| SCOTTS MIRACLE-GRO CO              | Scotts Miracle-Gro Co/The                                                        | CUSIP: 810186AW6<br>LEI: 2TH9E0JTOUXOEGI2R879 | Long             | DBT              | CORP              | US        |   4147000 | PA      | $3812468.15   | 0.49%             | 2032-02-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| SENSATA TECHNOLOGIES INC           | Sensata Technologies Inc                                                         | CUSIP: 81728UAC8<br>LEI: 5493002MMDDCUNV7NY90 | Long             | DBT              | CORP              | US        |   3681000 | PA      | $3791319.57   | 0.49%             | 2032-07-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| SOTHEBY'S/BIDFAIR HLD              | Sotheby's/Bidfair Holdings Inc                                                   | CUSIP: 83600GAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2516000 | PA      | $2278292.82   | 0.29%             | 2029-06-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| TELESAT CANADA/TELESAT L           | Telesat Canada / Telesat LLC                                                     | CUSIP: 87952VAR7<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |   5575000 | PA      | $3372875.00   | 0.44%             | 2026-12-06      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                      | TransDigm Inc                                                                    | CUSIP: 893647BT3<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |   5673000 | PA      | $5950795.46   | 0.77%             | 2031-12-01      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| VALARIS LTD                        | Valaris Ltd                                                                      | CUSIP: 91889FAC5<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   4256000 | PA      | $4369907.58   | 0.56%             | 2030-04-30      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| UPBOUND GROUP INC                  | Upbound Group Inc                                                                | CUSIP: 76009NAL4<br>LEI: 529900QUHE15UQNCCJ63 | Long             | DBT              | CORP              | US        |   2831000 | PA      | $2803971.82   | 0.36%             | 2029-02-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| TURNING POINT BRANDS INC           | Turning Point Brands Inc                                                         | CUSIP: 90041LAG0<br>LEI: 549300IYG00QF0VVP302 | Long             | DBT              | CORP              | US        |   3773000 | PA      | $3959627.67   | 0.51%             | 2032-03-15      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| 1261229 BC LTD                     | 1261229 BC Ltd                                                                   | CUSIP: 68288AAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |   2234000 | PA      | $2255200.59   | 0.29%             | 2032-04-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| DCLI BIDCO LLC                     | Dcli Bidco LLC                                                                   | CUSIP: 233104AA6<br>LEI: 2549007UUVJTHHNK9T70 | Long             | DBT              | CORP              | US        |   3815000 | PA      | $3867658.83   | 0.50%             | 2029-11-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| GRAY MEDIA INC                     | Gray Media Inc                                                                   | CUSIP: 389286AA3<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |   6456000 | PA      | $4846494.93   | 0.63%             | 2031-11-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| HERC HOLDINGS INC                  | Herc Holdings Inc                                                                | CUSIP: 42704LAG9<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |   5767000 | PA      | $6046418.47   | 0.78%             | 2033-06-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| WEEKLEY HOMES LLC/ FINAN           | Weekley Homes LLC / Weekley Finance Corp                                         | CUSIP: 948565AD8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1585000 | PA      | $1536230.98   | 0.20%             | 2028-09-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Iracore International Holdings Inc | Iracore Investments Holdings Inc                                                 | CUSIP: N/A<br>LEI: 5493001MEBLCGW71EE69       | Long             | EC               | CORP              | US        |     22361 | NS      | $5425225.82   | 0.70%             |  |  |  | Yes           |                  3 | On Loan: No      |
| EPIC CRUDE SERVICES LP             | EPIC Crude Services LP                                                           | CUSIP: 29428XAG5<br>LEI: 549300FRS682IQ7J9S42 | Long             | LON              | CORP              | US        |   3841372 | PA      | $3858985.19   | 0.50%             | 2031-10-15      | Floating      | 7.30%                 | Yes           |                  2 | On Loan: No      |
| Iracore International Holdings Inc | Iracore International Inc                                                        | CUSIP: N/A<br>LEI: 5493001MEBLCGW71EE69       | Long             | LON              | CORP              | US        |   1162631 | PA      | $1162631.02   | 0.15%             | 2026-04-12      | Floating      | 13.48%                | Yes           |                  3 | On Loan: No      |
| AMWINS GROUP INC                   | AmWINS Group Inc                                                                 | CUSIP: 031921AB5<br>LEI: 549300SJE7MUB8NMRG61 | Long             | DBT              | CORP              | US        |   3992000 | PA      | $3881978.48   | 0.50%             | 2029-06-30      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| BW REAL ESTATE INC                 | BW Real Estate Inc                                                               | CUSIP: 05614HAA7<br>LEI: N/A                  | Long             | EP               | CORP              | US        |   4522000 | PA      | $4660165.19   | 0.60%             |  |  |  | No            |                  2 | On Loan: No      |
| BOYD GAMING CORP                   | Boyd Gaming Corp                                                                 | CUSIP: 103304BV2<br>LEI: 254900787YGRYS2A1Z35 | Long             | DBT              | CORP              | US        |   3581000 | PA      | $3434433.97   | 0.44%             | 2031-06-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| BUCKEYE PARTNERS LP                | Buckeye Partners LP                                                              | CUSIP: 118230AW1<br>LEI: 549300C1PQJLVEIUBK50 | Long             | DBT              | CORP              | US        |   3759000 | PA      | $3904781.20   | 0.50%             | 2030-02-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CABLE ONE INC                      | Cable One Inc                                                                    | CUSIP: 12685JAC9<br>LEI: 549300648QS85T0XSH18 | Long             | DBT              | CORP              | US        |   5702000 | PA      | $4497248.37   | 0.58%             | 2030-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MERCER INTL INC                    | Mercer International Inc                                                         | CUSIP: 588056BB6<br>LEI: 549300Z5IAG39VRTY874 | Long             | DBT              | CORP              | US        |   4691000 | PA      | $3830522.51   | 0.50%             | 2029-02-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| NOVELIS CORP                       | Novelis Corp                                                                     | CUSIP: 670001AL0<br>LEI: 549300G5F3W3B52WYL23 | Long             | DBT              | CORP              | US        |   3652000 | PA      | $3778198.33   | 0.49%             | 2030-01-30      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| OLIN CORP                          | Olin Corp                                                                        | CUSIP: 680665AN6<br>LEI: 549300GKK294V7W57P06 | Long             | DBT              | CORP              | US        |   5962000 | PA      | $5875367.67   | 0.76%             | 2033-04-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| PBF HOLDING CO LLC                 | PBF Holding Co LLC / PBF Finance Corp                                            | CUSIP: 69318FAM0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1975000 | PA      | $1922595.69   | 0.25%             | 2030-03-15      | Fixed         | 9.88%                 | No            |                  2 | On Loan: No      |
| PARKLAND CORP                      | Parkland Corp                                                                    | CUSIP: 70137WAN8<br>LEI: 549300UY5C6HUV0XLS53 | Long             | DBT              | CORP              | CA        |   3663000 | PA      | $3746172.08   | 0.48%             | 2032-08-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| PHINIA INC                         | Phinia Inc                                                                       | CUSIP: 71880KAB7<br>LEI: 254900HG6MORZE1FFM18 | Long             | DBT              | CORP              | US        |   3808000 | PA      | $3870064.42   | 0.50%             | 2032-10-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| RAISING CANE'S RESTAURAN           | Raising Cane's Restaurants LLC                                                   | CUSIP: 75103AAA3<br>LEI: 254900V6ADXFWHYOED66 | Long             | DBT              | CORP              | US        |   3484000 | PA      | $3681079.43   | 0.48%             | 2029-05-01      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| RAILWORKS HOLDINGS LP/R            | Railworks Holdings LP / Railworks Rally Inc                                      | CUSIP: 75079MAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3658000 | PA      | $3743103.37   | 0.48%             | 2028-11-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| SPIRIT AEROSYSTEMS INC             | Spirit AeroSystems Inc                                                           | CUSIP: 85205TAR1<br>LEI: ZD2NBKV6GCC3UMGBM518 | Long             | DBT              | CORP              | US        |   2408000 | PA      | $2658675.21   | 0.34%             | 2030-11-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| USI INC/NY                         | USI Inc/NY                                                                       | CUSIP: 90346KAB5<br>LEI: 2549006D7UF7072T7I27 | Long             | DBT              | CORP              | US        |   3910000 | PA      | $4130559.19   | 0.53%             | 2032-01-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| VM CONSOLIDATED INC                | VM Consolidated Inc                                                              | CUSIP: 91835HAA0<br>LEI: 549300GCTGJLEBXJUK89 | Long             | DBT              | CORP              | US        |   3868000 | PA      | $3800122.02   | 0.49%             | 2029-04-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ZF NA CAPITAL                      | ZF North America Capital Inc                                                     | CUSIP: 98877DAG0<br>LEI: 529900JYGMS9CW9IQX78 | Long             | DBT              | CORP              | US        |   4288000 | PA      | $3966532.67   | 0.51%             | 2032-04-23      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| TELENET FINANCE LUX NOTE           | Telenet Finance Luxembourg Notes Sarl                                            | CUSIP: AQ2322842<br>LEI: 2138007RI9GLJPCC3E25 | Long             | DBT              | CORP              | LU        |   3200000 | PA      | $3181737.63   | 0.41%             | 2028-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ARCOSA INC                         | Arcosa Inc                                                                       | CUSIP: 039653AC4<br>LEI: 549300WFHLTCZV7D6V29 | Long             | DBT              | CORP              | US        |   3670000 | PA      | $3811093.15   | 0.49%             | 2032-08-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS                        | BNP Paribas SA                                                                   | CUSIP: 05602XQQ4<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |   5756000 | PA      | $5804926.00   | 0.75%             | 2035-06-27      | Variable      | 7.45%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP             | CCO Holdings LLC / CCO Holdings Capital Corp                                     | CUSIP: 1248EPCB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5851000 | PA      | $5833672.26   | 0.75%             | 2029-06-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| WR GRACE HOLDING LLC               | WR Grace Holdings LLC                                                            | CUSIP: 92943GAA9<br>LEI: 549300WNOVFRGYOAEB12 | Long             | DBT              | CORP              | US        |   7708000 | PA      | $6984420.06   | 0.90%             | 2029-08-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| WAND NEWCO 3 INC                   | Wand NewCo 3 Inc                                                                 | CUSIP: 933940AA6<br>LEI: 549300Y3VZEWMSQW8494 | Long             | DBT              | CORP              | US        |   3905000 | PA      | $4107392.25   | 0.53%             | 2032-01-30      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| WEATHERFORD INTERNATIONA           | Weatherford International Ltd                                                    | CUSIP: 947075AU1<br>LEI: 549300A2JKMG5PGOGF82 | Long             | DBT              | CORP              | BM        |   4770000 | PA      | $4919716.99   | 0.64%             | 2030-04-30      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| ZIGGO BV                           | Ziggo BV                                                                         | CUSIP: 98955DAA8<br>LEI: 213800TQASLF9JXH5J59 | Long             | DBT              | CORP              | NL        |   5428000 | PA      | $5075878.04   | 0.66%             | 2030-01-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| AP CORE HOLDINGS II LLC            | AP Core Holdings II LLC                                                          | CUSIP: 00187GAC3<br>LEI: 549300PND8ZZ4RWYRZ56 | Long             | LON              | CORP              | US        |   3184522 | PA      | $2878584.63   | 0.37%             | 2027-09-01      | Floating      | 9.94%                 | Yes           |                  2 | On Loan: No      |
| ALLIANT HOLD / CO-ISSUER           | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer                   | CUSIP: 01883LAF0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3290000 | PA      | $3405692.85   | 0.44%             | 2031-01-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| MIDAS OPCO HOLDINGS LLC            | Stagwell Global LLC                                                              | CUSIP: 59565JAA9<br>LEI: 984500904E015Z0C1F82 | Long             | DBT              | CORP              | US        |   5291000 | PA      | $5066474.83   | 0.65%             | 2029-08-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| MURPHY OIL CORP                    | Murphy Oil Corp                                                                  | CUSIP: 626717AP7<br>LEI: QBKYQD0ODE7DC7PDIN91 | Long             | DBT              | CORP              | US        |   4010000 | PA      | $3827261.89   | 0.49%             | 2032-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ORGANON & CO/ORGANON FOR           | Organon & Co / Organon Foreign Debt Co-Issuer BV                                 | CUSIP: 68622TAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4634000 | PA      | $4025489.49   | 0.52%             | 2031-04-30      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| PARK INTERMED HOLDINGS             | Park Intermediate Holdings LLC / PK Domestic Property LLC / PK Finance Co-Issuer | CUSIP: 70052LAC7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3920000 | PA      | $3800556.82   | 0.49%             | 2029-05-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| PEBBLEBROOK HOTEL TRUST            | Pebblebrook Hotel Trust                                                          | CUSIP: 70509V704<br>LEI: 5493004Q1NNH6JXCSI52 | Long             | EP               | CORP              | US        |    142464 | NS      | $2500243.20   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| PENN ENTERTAINMENT INC             | Penn Entertainment Inc                                                           | CUSIP: 707569AS8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4150000 | PA      | $4140295.64   | 0.54%             | 2027-01-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| RYAN SPECIALTY                     | Ryan Specialty LLC                                                               | CUSIP: 78351GAA3<br>LEI: 549300K52N7QBO3PYY45 | Long             | DBT              | CORP              | US        |   2616000 | PA      | $2638251.70   | 0.34%             | 2032-08-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| SC GAMES HOLDIN/US FINCO           | Scientific Games Holdings LP/Scientific Games US FinCo Inc                       | CUSIP: 80874DAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5963000 | PA      | $5751185.30   | 0.74%             | 2030-03-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| SERVICE PROPERTIES TRUST           | Service Properties Trust                                                         | CUSIP: 81761LAC6<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              | CORP              | US        |   3517000 | PA      | $3778144.28   | 0.49%             | 2031-11-15      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| SONIC AUTOMOTIVE INC               | Sonic Automotive Inc                                                             | CUSIP: 83545GBE1<br>LEI: 549300NTLRGJ2JCBZU03 | Long             | DBT              | CORP              | US        |   4361000 | PA      | $4147752.77   | 0.54%             | 2031-11-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| STANDARD BUILDING SOLUTI           | Standard Building Solutions Inc                                                  | CUSIP: 853191AA2<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |   5348000 | PA      | $5483218.83   | 0.71%             | 2032-08-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| SYNOVUS FINANCIAL CORP             | Synovus Financial Corp                                                           | CUSIP: 87161CAM7<br>LEI: 549300EIUS8UN5JTLE54 | Long             | DBT              | CORP              | US        |   2226000 | PA      | $2260563.79   | 0.29%             | 2029-02-07      | Variable      | 7.54%                 | No            |                  2 | On Loan: No      |
| TEXAS CAPITAL BANCSHARES           | Texas Capital Bancshares Inc                                                     | CUSIP: 88224QAA5<br>LEI: 549300466Q2SXRX0YM48 | Long             | DBT              | CORP              | US        |   3489000 | PA      | $3387069.39   | 0.44%             | 2031-05-06      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| TRIVIUM PACKAGING FIN              | Trivium Packaging Finance BV                                                     | CUSIP: 89686QAD8<br>LEI: 724500GMZWW3PVYET548 | Long             | DBT              | CORP              | NL        |   2949000 | PA      | $3120785.15   | 0.40%             | 2030-07-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| CIMPRESS PLC                       | Cimpress PLC                                                                     | CUSIP: 17186HAH5<br>LEI: 549300X1IFD75XISOR81 | Long             | DBT              | CORP              | IE        |   4457000 | PA      | $4259788.45   | 0.55%             | 2032-09-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| CLYDESDALE ACQUISITION             | Clydesdale Acquisition Holdings Inc                                              | CUSIP: 18972EAD7<br>LEI: 254900QKSDYFR3K5YD98 | Long             | DBT              | CORP              | US        |   3826000 | PA      | $3928895.91   | 0.51%             | 2032-04-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| COUGAR JV SUBSIDIARY LLC           | Cougar JV Subsidiary LLC                                                         | CUSIP: 22208WAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2268000 | PA      | $2419767.76   | 0.31%             | 2032-05-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| DIRECTV FIN LLC/COINC              | Directv Financing LLC / Directv Financing Co-Obligor Inc                         | CUSIP: 25461LAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2256000 | PA      | $2250046.93   | 0.29%             | 2027-08-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| EMRLD BOR / EMRLD CO-ISS           | EMRLD Borrower LP / Emerald Co-Issuer Inc                                        | CUSIP: 29103CAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3674000 | PA      | $3760052.43   | 0.49%             | 2030-12-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| LCM INVESTMENTS HOLDINGS           | LCM Investments Holdings II LLC                                                  | CUSIP: 50190EAC8<br>LEI: 549300P5V78NNQTG4428 | Long             | DBT              | CORP              | US        |   3332000 | PA      | $3545307.98   | 0.46%             | 2031-08-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| SOTHEBY'S                          | Sotheby's                                                                        | CUSIP: 835898AH0<br>LEI: 549300P5BAAMQQ7VL735 | Long             | DBT              | CORP              | US        |     80000 | PA      | $79479.05     | 0.01%             | 2027-10-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| TRANSOCEAN INC                     | Transocean Inc                                                                   | CUSIP: 893830BX6<br>LEI: DOL4HJ22ADYSIWES4H94 | Long             | DBT              | CORP              | KY        |   2292800 | PA      | $2359655.76   | 0.30%             | 2030-02-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| WINNEBAGO INDUSTRIES               | Winnebago Industries Inc                                                         | CUSIP: 974637AC4<br>LEI: 549300B7OYKYJLTE3G11 | Long             | DBT              | CORP              | US        |   3928000 | PA      | $3935404.28   | 0.51%             | 2028-07-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| ZIPRECRUITER INC                   | ZipRecruiter Inc                                                                 | CUSIP: 98980BAA1<br>LEI: 549300HLOVNNFCY2IV80 | Long             | DBT              | CORP              | US        |   5196000 | PA      | $4440871.56   | 0.57%             | 2030-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ALLWYN ENTERTAINMENT FIN           | Allwyn Entertainment Financing UK PLC                                            | CUSIP: 02007VAA8<br>LEI: 315700J7ZTIN8XGCX365 | Long             | DBT              | CORP              | GB        |   3527000 | PA      | $3682501.02   | 0.48%             | 2029-04-30      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| AMENTUM HOLDINGS INC               | Amentum Holdings Inc                                                             | CUSIP: 02352BAA3<br>LEI: 2549009FJIBLW40CU216 | Long             | DBT              | CORP              | US        |   2980000 | PA      | $3068976.84   | 0.40%             | 2032-08-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| INEOS FINANCE PLC                  | INEOS Finance PLC                                                                | CUSIP: 44984WAJ6<br>LEI: 2138002D68XDR4LZCG32 | Long             | DBT              | CORP              | GB        |   1696000 | PA      | $1701634.11   | 0.22%             | 2029-04-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| PHINIA HOLDINGS JERSEY             | Phinia Holdings Jersey Ltd                                                       | CUSIP: 24718PAA5<br>LEI: 549300SEU65CJHRH6V04 | Long             | DBT              | CORP              | JE        |   1596000 | PA      | $1557983.28   | 0.20%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MATTHEWS INTERNATIONAL C           | Matthews International Corp                                                      | CUSIP: 577128AC5<br>LEI: 549300ZVC5O0ATML6U61 | Long             | DBT              | CORP              | US        |   4023000 | PA      | $4188429.78   | 0.54%             | 2027-10-01      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| MEDLINE BORROWER LP                | Medline Borrower LP                                                              | CUSIP: 62482BAB8<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |   3111000 | PA      | $3089020.16   | 0.40%             | 2029-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| RITHM CAPITAL CORP                 | Rithm Capital Corp                                                               | CUSIP: 64828TAB8<br>LEI: 549300WNTHGEO5LP2G31 | Long             | DBT              | CORP              | US        |   2416000 | PA      | $2442737.87   | 0.32%             | 2029-04-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| PENNYMAC FIN SVCS INC              | PennyMac Financial Services Inc                                                  | CUSIP: 70932MAF4<br>LEI: 549300W1D516HBDEU871 | Long             | DBT              | CORP              | US        |   3697000 | PA      | $3794046.25   | 0.49%             | 2033-02-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| SEALED AIR/SEALED AIR US           | Sealed Air Corp/Sealed Air Corp US                                               | CUSIP: 812127AB4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3384000 | PA      | $3565815.55   | 0.46%             | 2031-02-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| SOTERA HEALTH HLDGS LLC            | Sotera Health Holdings LLC                                                       | CUSIP: 83600WAE9<br>LEI: 549300OVT7MBXFLOFU20 | Long             | DBT              | CORP              | US        |   1815000 | PA      | $1890672.80   | 0.24%             | 2031-06-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| SPECIALTY BUILDING PRODU           | Specialty Building Products Holdings LLC / SBP Finance Corp                      | CUSIP: 84749AAC1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3835000 | PA      | $3772227.19   | 0.49%             | 2029-10-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| TRINSEO LUX/TRINSEO NA             | Trinseo Luxco Finance SPV Sarl / Trinseo NA Finance SPV LLC                      | CUSIP: 89668JAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |   6903700 | PA      | $4159479.25   | 0.54%             | 2029-05-03      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| TRIVIUM PACKAGING FIN              | Trivium Packaging Finance BV                                                     | CUSIP: 89686QAC0<br>LEI: 724500GMZWW3PVYET548 | Long             | DBT              | CORP              | NL        |    769000 | PA      | $824909.38    | 0.11%             | 2031-01-15      | Fixed         | 12.25%                | No            |                  2 | On Loan: No      |
| UKG INC                            | UKG Inc                                                                          | CUSIP: 90279XAA0<br>LEI: 529900FKHWSTQ1GXK240 | Long             | DBT              | CORP              | US        |   3792000 | PA      | $3936854.40   | 0.51%             | 2031-02-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| WEX INC                            | WEX Inc                                                                          | CUSIP: 96208TAD6<br>LEI: T9M5IGROL1TL1G5OV478 | Long             | DBT              | CORP              | US        |   3195000 | PA      | $3225438.77   | 0.42%             | 2033-03-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| METALS RECOVERY HOLDINGS LLC       | METALS RECOVERY HOLDINGS LLC                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    116127 | NS      | $69676.38     | 0.01%             |  |  |  | Yes           |                  3 | On Loan: No      |
| SUMMER BC HOLDCO B SARL            | Summer BC Holdco B SARL                                                          | CUSIP: N/A<br>LEI: 984500NRF59D5DB9B654       | Long             | LON              | CORP              | LU        |   3354000 | PA      | $3374962.50   | 0.44%             | 2029-02-21      | Floating      | 9.56%                 | Yes           |                  2 | On Loan: No      |
| BURFORD CAPITAL GLBL FIN           | Burford Capital Global Finance LLC                                               | CUSIP: 12116LAE9<br>LEI: 549300JVAOO67CSCH406 | Long             | DBT              | CORP              | US        |   5283000 | PA      | $5566744.65   | 0.72%             | 2031-07-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| CUSHMAN & WAKEFIELD US             | Cushman & Wakefield US Borrower LLC                                              | CUSIP: 23166MAC7<br>LEI: 549300870CMN3WI5IF97 | Long             | DBT              | CORP              | US        |   3894000 | PA      | $4184550.65   | 0.54%             | 2031-09-01      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| VERITIV OPERATING CO               | Veritiv Operating Co                                                             | CUSIP: 92339LAA0<br>LEI: 5493004G8OK5L1UTIY12 | Long             | DBT              | CORP              | US        |   3860000 | PA      | $4183255.70   | 0.54%             | 2030-11-30      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| ACADEMY LTD                        | Academy Ltd                                                                      | CUSIP: 00401YAA8<br>LEI: 549300BN53IR80C35Z14 | Long             | DBT              | CORP              | US        |    985000 | PA      | $988291.34    | 0.13%             | 2027-11-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ALPHA GENERATION LLC               | Alpha Generation LLC                                                             | CUSIP: 02073LAA9<br>LEI: 254900K5V62L4YGVKF49 | Long             | DBT              | CORP              | US        |   3734000 | PA      | $3851658.34   | 0.50%             | 2032-10-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| AMERICAN AXLE & MFG INC            | American Axle & Manufacturing Inc                                                | CUSIP: 02406PBA7<br>LEI: RY5TAKFOBLDUGX31MS24 | Long             | DBT              | CORP              | US        |   3897000 | PA      | $3901594.56   | 0.50%             | 2028-07-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| ASSUREDPARTNERS INC                | AssuredPartners Inc                                                              | CUSIP: 04624VAC3<br>LEI: 549300HNDSDQWQ3L2P80 | Long             | DBT              | CORP              | US        |   3926000 | PA      | $4223700.73   | 0.55%             | 2032-02-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| AXALTA COATING SYSTEMS D           | Axalta Coating Systems Dutch Holding B BV                                        | CUSIP: 05455JAA5<br>LEI: 5493007DMEBZH3CQ5E51 | Long             | DBT              | CORP              | NL        |   2752000 | PA      | $2904838.10   | 0.38%             | 2031-02-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| CQP HOLDCO LP/BIP-V CHIN           | CQP Holdco LP / BIP-V Chinook Holdco LLC                                         | CUSIP: 12657NAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3320000 | PA      | $3615855.16   | 0.47%             | 2033-12-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| CELANESE US HOLDINGS LLC           | Celanese US Holdings LLC                                                         | CUSIP: 15089QBA1<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |   3951000 | PA      | $3995235.40   | 0.52%             | 2033-04-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CONSENSUS CLOUD SOLUTION           | Consensus Cloud Solutions Inc                                                    | CUSIP: 20848VAB1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4075000 | PA      | $4057727.30   | 0.52%             | 2028-10-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ENERGIZER HOLDINGS INC             | Energizer Holdings Inc                                                           | CUSIP: 29272WAD1<br>LEI: 5493000D6NN0V57UME20 | Long             | DBT              | CORP              | US        |   4664000 | PA      | $4415453.06   | 0.57%             | 2029-03-31      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| EQUIPMENTSHARE.COM INC             | EquipmentShare.com Inc                                                           | CUSIP: 29450YAB5<br>LEI: 254900PWJK48CGPKPI80 | Long             | DBT              | CORP              | US        |   3825000 | PA      | $4069569.89   | 0.53%             | 2032-05-15      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| Authentic Brands Group LLC         | Authentic Brands Group LLC                                                       | CUSIP: N/A<br>LEI: 549300KVW8YK7XYOKV49       | Long             | DBT              | CORP              | US        |   9962745 | PA      | $9962744.70   | 1.29%             | 2029-09-01      | Variable      | 5.00%                 | Yes           |                  3 | On Loan: No      |
| FIVE POINT OP CO LP/FIVE           | Five Point Operating Co LP / Five Point Capital Corp                             | CUSIP: 33834YAB4<br>LEI: N/A                  | Long             | SN               | CORP              | US        |   2841070 | PA      | $2892183.69   | 0.37%             | 2028-01-15      | Variable      | 10.50%                | No            |                  2 | On Loan: No      |
| GENESIS ENERGY LP/FIN              | Genesis Energy LP / Genesis Energy Finance Corp                                  | CUSIP: 37185LAR3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3690000 | PA      | $3861075.78   | 0.50%             | 2033-05-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| GRAY MEDIA INC                     | Gray Media Inc                                                                   | CUSIP: 389375AM8<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |   1763000 | PA      | $1895357.23   | 0.24%             | 2029-07-15      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| GRIFOLS SA                         | Grifols SA                                                                       | CUSIP: 39843UAA0<br>LEI: 959800HSSNXWRKBK4N60 | Long             | DBT              | CORP              | ES        |   4331000 | PA      | $4166214.11   | 0.54%             | 2028-10-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| INSULET CORPORATION                | Insulet Corp                                                                     | CUSIP: 45784PAL5<br>LEI: 549300TZTYD2PYN92D43 | Long             | DBT              | CORP              | US        |   3825000 | PA      | $3990588.23   | 0.52%             | 2033-04-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| MGM RESORTS INTL                   | MGM Resorts International                                                        | CUSIP: 552953CJ8<br>LEI: 54930066VBP7DZEGGJ87 | Long             | DBT              | CORP              | US        |   4171000 | PA      | $4241655.82   | 0.55%             | 2032-04-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| MEDLINE BORROWER/MEDL CO           | Medline Borrower LP/Medline Co-Issuer Inc                                        | CUSIP: 58506DAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2934000 | PA      | $3017718.76   | 0.39%             | 2029-04-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| NEW FLYER HOLDINGS                 | New Flyer Holdings Inc                                                           | CUSIP: 64438WAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1709000 | PA      | $1804416.43   | 0.23%             | 2030-07-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| SCIL IV LLC / SCIL USA H           | SCIL IV LLC / SCIL USA Holdings LLC                                              | CUSIP: 78397UAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3892000 | PA      | $3869196.81   | 0.50%             | 2026-11-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| SEAGATE HDD CAYMAN                 | Seagate HDD Cayman                                                               | CUSIP: 81180WBP5<br>LEI: 529900BD50TRWEG1SF63 | Long             | DBT              | CORP              | KY        |   3594000 | PA      | $3865997.51   | 0.50%             | 2031-07-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| TITAN INTERNATIONAL INC            | Titan International Inc                                                          | CUSIP: 88830MAM4<br>LEI: 254900CXRGBE7C4B5A06 | Long             | DBT              | CORP              | US        |   3870000 | PA      | $3888498.60   | 0.50%             | 2028-04-30      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| TRANSOCEAN POSEIDON LTD            | Transocean Poseidon Ltd                                                          | CUSIP: 89383JAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |   2052225 | PA      | $2056930.75   | 0.27%             | 2027-02-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| FOUNDATION BUILDING M              | Foundation Building Materials Inc                                                | CUSIP: 35039KAD8<br>LEI: 549300ZVE6MONHB01I28 | Long             | LON              | CORP              | US        |   2726096 | PA      | $2676440.25   | 0.35%             | 2031-01-29      | Floating      | 8.32%                 | Yes           |                  2 | On Loan: No      |
| FORTIS 333 INC                     | Fortis 333 Inc                                                                   | CUSIP: 34958SAB5<br>LEI: 254900SLITS19RU1VB55 | Long             | LON              | CORP              | US        |   6907000 | PA      | $6914563.17   | 0.89%             | 2032-02-06      | Floating      | 7.80%                 | Yes           |                  2 | On Loan: No      |
| ARMOR HOLDCO INC                   | Armor Holdco Inc                                                                 | CUSIP: 04625PAA9<br>LEI: 254900X6HLK0YPTHHF09 | Long             | DBT              | CORP              | US        |   3966000 | PA      | $3804598.47   | 0.49%             | 2029-11-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                   | CSC Holdings LLC                                                                 | CUSIP: 126307BN6<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |   2414000 | PA      | $2297598.85   | 0.30%             | 2029-01-31      | Fixed         | 11.75%                | No            |                  2 | On Loan: No      |
| CASCADES INC/USA INC               | Cascades Inc/Cascades USA Inc                                                    | CUSIP: 14739LAD4<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |   3830000 | PA      | $3851907.60   | 0.50%             | 2030-07-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CHAMPIONS FINANCING INC            | Champions Financing Inc                                                          | CUSIP: 15870LAA6<br>LEI: 391200ZDD75EGEUJ7625 | Long             | DBT              | CORP              | US        |   2392000 | PA      | $2312035.44   | 0.30%             | 2029-02-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| CONCENTRA HEALTH SERVICE           | Concentra Health Services Inc                                                    | CUSIP: 20600DAA1<br>LEI: 984500GB84105F75DE32 | Long             | DBT              | CORP              | US        |   3610000 | PA      | $3742175.31   | 0.48%             | 2032-07-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| KRAKEN OIL & GAS PARTNER           | Kraken Oil & Gas Partners LLC                                                    | CUSIP: 50076PAA6<br>LEI: 549300DR5HSL4YAU3X12 | Long             | DBT              | CORP              | US        |   2247000 | PA      | $2209409.71   | 0.29%             | 2029-08-15      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| MAGNOLIA OIL GAS/MAG FIN           | Magnolia Oil & Gas Operating LLC / Magnolia Oil & Gas Finance Corp               | CUSIP: 559665AB0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4118000 | PA      | $4150886.35   | 0.54%             | 2032-12-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| VAREX IMAGING CORPORATIO           | Varex Imaging Corp                                                               | CUSIP: 92214XAC0<br>LEI: 549300CWYWPVCT8E9W67 | Long             | DBT              | CORP              | US        |   4928000 | PA      | $4995863.49   | 0.65%             | 2027-10-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUE              | Venture Global Plaquemines LNG LLC                                               | CUSIP: 922966AB2<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |   5519000 | PA      | $5978688.55   | 0.77%             | 2035-05-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| VIRTUSA CORP                       | Virtusa Corp                                                                     | CUSIP: 92837TAA0<br>LEI: C77OMXDER63WLJCSKT03 | Long             | DBT              | CORP              | US        |   2518000 | PA      | $2401991.71   | 0.31%             | 2028-12-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| ARSENAL AIC PARENT LLC             | Arsenal AIC Parent LLC                                                           | CUSIP: 04287KAG6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2776980 | PA      | $2778368.03   | 0.36%             | 2030-08-19      | Floating      | 7.08%                 | Yes           |                  2 | On Loan: No      |
| TK ELEVATOR US NEWCO INC           | TK Elevator US Newco Inc                                                         | CUSIP: N/A<br>LEI: 549300C2AFWPAYWS5574       | Long             | LON              | CORP              | US        |   3888000 | PA      | $3902580.00   | 0.50%             | 2030-04-30      | Floating      | 7.24%                 | Yes           |                  2 | On Loan: No      |
| ACADIA HEALTHCARE CO INC           | Acadia Healthcare Co Inc                                                         | CUSIP: 00404AAQ2<br>LEI: 5493005CW985Y9D0NC11 | Long             | DBT              | CORP              | US        |   3906000 | PA      | $4028968.69   | 0.52%             | 2033-03-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| ADAMS HOMES INC                    | Adams Homes Inc                                                                  | CUSIP: 00623PAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3957000 | PA      | $4081898.75   | 0.53%             | 2028-10-15      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| ADIENT GLOBAL HOLDINGS             | Adient Global Holdings Ltd                                                       | CUSIP: 00687YAC9<br>LEI: 213800VA38VCKE6M8790 | Long             | DBT              | CORP              | JE        |   3606000 | PA      | $3792401.35   | 0.49%             | 2031-04-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| BAUSCH HEALTH COS INC              | Bausch Health Cos Inc                                                            | CUSIP: 071734AQ0<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | DBT              | CORP              | CA        |   1770000 | PA      | $1753556.70   | 0.23%             | 2028-09-30      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| BOEING CO/THE                      | Boeing Co/The                                                                    | CUSIP: 097023204<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | EP               | CORP              | US        |     76930 | NS      | $5231240.00   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| BORR IHC LTD / BORR FIN            | Borr IHC Ltd / Borr Finance LLC                                                  | CUSIP: 100018AA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4094703 | PA      | $3743156.43   | 0.48%             | 2028-11-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| BOYNE USA INC                      | Boyne USA Inc                                                                    | CUSIP: 103557AC8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3809000 | PA      | $3698416.31   | 0.48%             | 2029-05-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYS           | CHS/Community Health Systems Inc                                                 | CUSIP: 12543DBM1<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |   5817000 | PA      | $5163736.36   | 0.67%             | 2030-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CNT PRNT/CDK GLO II/FIN            | Central Parent LLC / CDK Global II LLC / CDK Financing Co Inc                    | CUSIP: 154915AA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   6484000 | PA      | $5367787.83   | 0.69%             | 2029-06-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| CIVITAS RESOURCES INC              | Civitas Resources Inc                                                            | CUSIP: 17888HAD5<br>LEI: IIVIHPH28S64K95M2381 | Long             | DBT              | CORP              | US        |    964000 | PA      | $988987.84    | 0.13%             | 2033-06-15      | Fixed         | 9.62%                 | No            |                  2 | On Loan: No      |
| AETHON UN/AETHIN UN FIN            | Aethon United BR LP / Aethon United Finance Corp                                 | CUSIP: 00810GAD6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3183000 | PA      | $3341128.26   | 0.43%             | 2029-10-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| BAUSCH + LOMB CORP                 | Bausch + Lomb Corp                                                               | CUSIP: 071705AA5<br>LEI: 549300NY6OZM39SO6475 | Long             | DBT              | CORP              | CA        |   3218000 | PA      | $3362810.00   | 0.43%             | 2028-10-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| BLOCK COMMUNICATIONS INC           | Block Communications Inc                                                         | CUSIP: 093645AJ8<br>LEI: M5G68A9OHJWIL4SFC742 | Long             | DBT              | CORP              | US        |   4808000 | PA      | $4623255.48   | 0.60%             | 2028-03-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                   | CSC Holdings LLC                                                                 | CUSIP: 126307BA4<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |  11102000 | PA      | $5502269.99   | 0.71%             | 2030-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| BOOST NEWCO BORROWER LLC           | Boost Newco Borrower LLC                                                         | CUSIP: 36268NAA8<br>LEI: 254900S8RE1OL7TTCU64 | Long             | DBT              | CORP              | US        |   3741000 | PA      | $3973783.73   | 0.51%             | 2031-01-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| KNIFE RIVER CORP                   | Knife River Corp                                                                 | CUSIP: 498894AA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3451000 | PA      | $3640780.95   | 0.47%             | 2031-05-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| LITHIA MOTORS INC                  | Lithia Motors Inc                                                                | CUSIP: 536797AF0<br>LEI: SE8N1EZEHPZQBCBVKD53 | Long             | DBT              | CORP              | US        |   4140000 | PA      | $3939436.25   | 0.51%             | 2031-01-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| National CineMedia Inc             | National CineMedia Inc                                                           | CUSIP: 635309206<br>LEI: 5493000MOLIVSOGKEB48 | Long             | EC               | CORP              | US        |    207497 | NS      | $1005322.97   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| PEBBLEBROOK HOTEL/FINANC           | Pebblebrook Hotel LP / PEB Finance Corp                                          | CUSIP: 70510LAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1953000 | PA      | $1964831.27   | 0.25%             | 2029-10-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| MATIV HOLDINGS INC                 | Mativ Holdings Inc                                                               | CUSIP: 808541AC0<br>LEI: 549300Z1FU4IDULG1R21 | Long             | DBT              | CORP              | US        |   4281000 | PA      | $3884264.75   | 0.50%             | 2029-10-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| WASTE PRO USA INC                  | Waste Pro USA Inc                                                                | CUSIP: 94107JAC7<br>LEI: 549300BY1QXU5BI3UF28 | Long             | DBT              | CORP              | US        |   3598000 | PA      | $3744143.56   | 0.48%             | 2033-02-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| CLEANOVA US HOLDINGS LLC           | Cleanova US Holdings LLC                                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   5874000 | PA      | $5771205.00   | 0.75%             | 2032-05-13      | Floating      | 9.08%                 | Yes           |                  2 | On Loan: No      |
| CREDIT ACCEPTANC                   | Credit Acceptance Corp                                                           | CUSIP: 225310AS0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3919000 | PA      | $3974688.99   | 0.51%             | 2030-03-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| DISH NETWORK CORP                  | DISH Network Corp                                                                | CUSIP: 25470MAG4<br>LEI: 529900U350CWHH15G169 | Long             | DBT              | CORP              | US        |   2145000 | PA      | $2212773.42   | 0.29%             | 2027-11-15      | Fixed         | 11.75%                | No            |                  2 | On Loan: No      |
| AHLSTROM HLDG 3 OY                 | Ahlstrom Holding 3 Oy                                                            | CUSIP: 84612JAA0<br>LEI: 743700UEY0YM039XN974 | Long             | DBT              | CORP              | FI        |   3925000 | PA      | $3748751.68   | 0.48%             | 2028-02-04      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| COHERENT CORP                      | Coherent Corp                                                                    | CUSIP: 902104AC2<br>LEI: 549300O5C25A0MMHHU33 | Long             | DBT              | CORP              | US        |   3615000 | PA      | $3554167.14   | 0.46%             | 2029-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FORTRESS INTERMEDIATE              | Fortress Intermediate 3 Inc                                                      | CUSIP: 34966MAA0<br>LEI: 254900NLAZ3JQJW5JP75 | Long             | DBT              | CORP              | US        |   3543000 | PA      | $3716135.78   | 0.48%             | 2031-06-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| GREAT LAKES DREDGE&DOCK            | Great Lakes Dredge & Dock Corp                                                   | CUSIP: 390607AF6<br>LEI: 549300H65E3MZ1CX0P05 | Long             | DBT              | CORP              | US        |   4353000 | PA      | $4186802.46   | 0.54%             | 2029-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| HOWDEN UK REFINANCE / US           | Howden UK Refinance PLC / Howden UK Refinance 2 PLC / Howden US Refinance LLC    | CUSIP: 44287DAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |   2273000 | PA      | $2375294.09   | 0.31%             | 2032-02-15      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| ITT HOLDINGS LLC                   | ITT Holdings LLC                                                                 | CUSIP: 45074JAA2<br>LEI: 549300TH2PHOLK31LB42 | Long             | DBT              | CORP              | US        |   2538000 | PA      | $2415671.19   | 0.31%             | 2029-08-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| JACOBS ENTERTAINMENT INC           | Jacobs Entertainment Inc                                                         | CUSIP: 469815AK0<br>LEI: 5493004U9JIWY3HSUO63 | Long             | DBT              | CORP              | US        |   4308000 | PA      | $4149573.30   | 0.54%             | 2029-02-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CMG MEDIA CORPORATION              | CMG Media Corp                                                                   | CUSIP: 88146LAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2132000 | PA      | $1876160.00   | 0.24%             | 2027-12-15      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| DIRECTV FINANCING LLC              | Directv Financing LLC                                                            | CUSIP: 25460HAB8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    301834 | PA      | $303367.29    | 0.04%             | 2027-08-02      | Floating      | 9.54%                 | Yes           |                  2 | On Loan: No      |
| HARVEST MIDSTREAM I LP             | Harvest Midstream I LP                                                           | CUSIP: 417558AA1<br>LEI: 549300DW5M17KJOXCY66 | Long             | DBT              | CORP              | US        |   3733000 | PA      | $3799245.82   | 0.49%             | 2028-09-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| ILLUMINATE BUYER/HLDG              | Illuminate Buyer LLC / Illuminate Holdings IV Inc                                | CUSIP: 45232TAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2741000 | PA      | $2756308.49   | 0.36%             | 2028-07-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| JPMorgan US Government Money M     | JPMorgan US Government Money Market Fund                                         | CUSIP: 4812C2270<br>LEI: 549300NQ5E5B7ZV4T516 | Long             | STIV             | RF                | US        |  16905895 | NS      | $16905894.85  | 2.18%             |  |  |  | No            |                  1 | On Loan: No      |
| TALOS PRODUCTION INC               | Talos Production Inc                                                             | CUSIP: 87485LAE4<br>LEI: 549300GZ2DZZE2Y8TX15 | Long             | DBT              | CORP              | US        |   2566000 | PA      | $2621848.14   | 0.34%             | 2031-02-01      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS CO LLC           | Vistra Operations Co LLC                                                         | CUSIP: 92840VAR3<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |   2349000 | PA      | $2457364.07   | 0.32%             | 2032-04-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| XEROX HOLDINGS CORP                | Xerox Holdings Corp                                                              | CUSIP: 98421MAC0<br>LEI: 5493000Y33XDVO2CXC18 | Long             | DBT              | CORP              | US        |   4700000 | PA      | $3553380.01   | 0.46%             | 2029-11-30      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| DAVE & BUSTER'S INC                | Dave & Buster's Inc                                                              | CUSIP: 23833EAX2<br>LEI: 549300JAVWTAY1FT5Z45 | Long             | LON              | CORP              | US        |   4177306 | PA      | $4059067.46   | 0.52%             | 2029-06-29      | Floating      | 7.56%                 | Yes           |                  2 | On Loan: No      |
| COVIA HOLDINGS LLC                 | Covia Holdings LLC                                                               | CUSIP: N/A<br>LEI: 213800IE4YGTGVTQ1806       | Long             | LON              | CORP              | US        |   3939001 | PA      | $3957061.12   | 0.51%             | 2032-02-26      | Floating      | 7.56%                 | Yes           |                  2 | On Loan: No      |
| ALBION FINANCING 1SARL /           | Albion Financing 1 SARL / Aggreko Holdings Inc                                   | CUSIP: 01330AAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |   3873000 | PA      | $3962184.58   | 0.51%             | 2030-05-21      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP             | CCO Holdings LLC / CCO Holdings Capital Corp                                     | CUSIP: 1248EPCQ4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  13275000 | PA      | $12599991.47  | 1.63%             | 2032-02-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CALDERYS FINANCING LLC             | Calderys Financing LLC                                                           | CUSIP: 128786AA8<br>LEI: 254900ZIKDM74XNEFV84 | Long             | DBT              | CORP              | US        |   3733000 | PA      | $3962151.21   | 0.51%             | 2028-06-01      | Fixed         | 11.25%                | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                      | Carnival Corp                                                                    | CUSIP: 143658BX9<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |  11384000 | PA      | $11654677.37  | 1.51%             | 2033-02-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| CENTRAL GARDEN & PET CO            | Central Garden & Pet Co                                                          | CUSIP: 153527AP1<br>LEI: 5493004DVZLD37DJ0H83 | Long             | DBT              | CORP              | US        |   3363000 | PA      | $3125827.79   | 0.40%             | 2031-04-30      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| CIVITAS RESOURCES INC              | Civitas Resources Inc                                                            | CUSIP: 17888HAB9<br>LEI: IIVIHPH28S64K95M2381 | Long             | DBT              | CORP              | US        |   2910000 | PA      | $2945965.07   | 0.38%             | 2031-07-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| LGI HOMES INC                      | LGI Homes Inc                                                                    | CUSIP: 50187TAK2<br>LEI: 549300W02B4WNV8CV109 | Long             | DBT              | CORP              | US        |   2819000 | PA      | $2685802.25   | 0.35%             | 2032-11-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| MATADOR RESOURCES CO               | Matador Resources Co                                                             | CUSIP: 576485AG1<br>LEI: 549300CI3Q2UUK5R4G79 | Long             | DBT              | CORP              | US        |   2753000 | PA      | $2756250.60   | 0.36%             | 2032-04-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| National CineMedia Inc             | National CineMedia Inc                                                           | CUSIP: N/A<br>LEI: 5493000MOLIVSOGKEB48       | Long             | EC               | CORP              | US        |   6230000 | NS      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| NESCO HOLDINGS II INC              | NESCO Holdings II Inc                                                            | CUSIP: 64083YAA9<br>LEI: 254900FAHT0HW9T6L409 | Long             | DBT              | CORP              | US        |   4195000 | PA      | $4089788.14   | 0.53%             | 2029-04-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PBF HOLDING CO LLC                 | PBF Holding Co LLC / PBF Finance Corp                                            | CUSIP: 69318FAL2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4197000 | PA      | $3771323.47   | 0.49%             | 2030-09-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| PATRICK INDUSTRIES INC             | Patrick Industries Inc                                                           | CUSIP: 703343AH6<br>LEI: 549300FZ5ZTCCJ3Z5W14 | Long             | DBT              | CORP              | US        |   4266000 | PA      | $4280726.23   | 0.55%             | 2032-11-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| PETSMART INC/PETSMART FI           | PetSmart Inc / PetSmart Finance Corp                                             | CUSIP: 71677KAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4056000 | PA      | $3958714.16   | 0.51%             | 2028-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ROCKET COS INC                     | Rocket Cos Inc                                                                   | CUSIP: 77311WAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3762000 | PA      | $3853982.86   | 0.50%             | 2033-08-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| ROCKIES EXPRESS PIPELINE           | Rockies Express Pipeline LLC                                                     | CUSIP: 77340RAU1<br>LEI: W2ZGZGZKY5GGNY6F3V51 | Long             | DBT              | CORP              | US        |   3646000 | PA      | $3809774.67   | 0.49%             | 2033-03-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| STONEX ESCROW ISSUER LLC           | Stonex Escrow Issuer LLC                                                         | CUSIP: 86189AAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3853000 | PA      | $3894856.76   | 0.50%             | 2032-07-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| MATIV HOLDINGS INC                 | Mativ Holdings Inc                                                               | CUSIP: 80854EAH1<br>LEI: 549300Z1FU4IDULG1R21 | Long             | LON              | CORP              | US        |   1178256 | PA      | $1172364.58   | 0.15%             | 2028-04-20      | Floating      | 8.19%                 | Yes           |                  2 | On Loan: No      |
| RENT-A-CENTER INC                  | Upbound Group Inc                                                                | CUSIP: 76009WAW0<br>LEI: 529900QUHE15UQNCCJ63 | Long             | LON              | CORP              | US        |   1954410 | PA      | $1964181.97   | 0.25%             | 2028-02-17      | Floating      | 7.04%                 | Yes           |                  2 | On Loan: No      |
| BLUELINX HOLDING                   | BlueLinx Holdings Inc                                                            | CUSIP: 09624HAA7<br>LEI: 549300YSX7GU28F5I540 | Long             | DBT              | CORP              | US        |   5071000 | PA      | $4883217.32   | 0.63%             | 2029-11-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BROOKFIELD RESID PROPERT           | Brookfield Residential Properties Inc / Brookfield Residential US LLC            | CUSIP: 11283YAD2<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |   3807000 | PA      | $3401791.07   | 0.44%             | 2030-02-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| CHORD ENERGY CORP                  | Chord Energy Corp                                                                | CUSIP: 674215AN8<br>LEI: 529900FA4V2YNIKZ0M71 | Long             | DBT              | CORP              | US        |   3857000 | PA      | $3942810.30   | 0.51%             | 2033-03-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Brown Brothers Harriman and Co.    | Citigroup, Inc.                                                                  | CUSIP: N/A<br>LEI: 5493006KMX1VFTPYPW14       | Long             | STIV             | CORP              | US        |       258 | PA      | $303.57       | 0.00%             | 2025-06-30      | Fixed         | 0.87%                 | No            |                  2 | On Loan: No      |
| Brown Brothers Harriman and Co.    | Royal Bank of Canada                                                             | CUSIP: N/A<br>LEI: 5493006KMX1VFTPYPW14       | Long             | STIV             | CORP              | US        |  10167075 | PA      | $10167074.83  | 1.31%             | 2025-06-30      | Fixed         | 3.68%                 | No            |                  2 | On Loan: No      |
| Brown Brothers Harriman and Co.    | JPMorgan Chase and Company                                                       | CUSIP: N/A<br>LEI: 5493006KMX1VFTPYPW14       | Long             | STIV             | CORP              | US        |     24362 | PA      | $24361.55     | 0.00%             | 2025-06-30      | Fixed         | 3.68%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-07

**Name of Applicant:** HOTCHKIS & WILEY FUNDS/DE/

**Signature:** /s/ James Menvielle

**Name of Signer:** James Menvielle

**Title:** Treasurer / Principal Financial Officer