# EDGAR Filing Document

**Accession Number:** 0001729678
**File Stem:** 0001752724-25-202207
**Filing Date:** 2025-8
**Character Count:** 176722
**Document Hash:** 50d4f5f624fbbed327a952271f229961
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-202207.hdr.sgml**: 20250825

**ACCESSION NUMBER**: 0001752724-25-202207

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250825

**DATE AS OF CHANGE**: 20250825

**PERIOD START**: 20260331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BNY Mellon Alcentra Global Multi-Strategy Credit Fund, Inc.
- **CENTRAL INDEX KEY:** 0001729678

**ORGANIZATION NAME:**
- **EIN:** 831155988
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23330
- **FILM NUMBER:** 251250279

**BUSINESS ADDRESS:**
- **STREET 1:** C/O BNY MELLON INVESTMENT ADVISER, INC.
- **STREET 2:** 240 GREENWICH STREET
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10286
- **BUSINESS PHONE:** 212-922-6400

**MAIL ADDRESS:**
- **STREET 1:** C/O BNY MELLON INVESTMENT ADVISER, INC.
- **STREET 2:** 240 GREENWICH STREET
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10286

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Dreyfus Alcentra Global Multi-Strategy Credit Fund, Inc.
- **DATE OF NAME CHANGE:** 20180626

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Dreyfus Alcentra Multi-Strategy Global Credit Fund, Inc.
- **DATE OF NAME CHANGE:** 20180130

## Nport-Ex

STATEMENT OF INVESTMENTS

June 30, 2025 (Unaudited)

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Description |  | Coupon <br>Rate (%)<br>| Maturity <br>Date<br>| Principal <br>Amount ($)<sup>(a)</sup> <br>| Value ($) |
| **Bonds and Notes — 34.2%** | **Bonds and Notes — 34.2%** | **Bonds and Notes — 34.2%** | **Bonds and Notes — 34.2%** | **Bonds and Notes — 34.2%** | **Bonds and Notes — 34.2%** |
| **Advertising — .2%** | **Advertising — .2%** | **Advertising — .2%** | **Advertising — .2%** | **Advertising — .2%** | **Advertising — .2%** |
| &nbsp;&nbsp;&nbsp; Dotdash Meredith, Inc., Sr. Scd. <br> Bonds<sup>(b)</sup> <br>|  | 7.63 | 6/15/2032 | 123000 | 119364 |
| &nbsp;&nbsp;&nbsp; Neptune BidCo US, Inc., Sr. <br> Scd. Notes<sup>(b)</sup> <br>|  | 9.29 | 4/15/2029 | 107000 | 104272 |
|  |  |  |  |  | **223636** |
| **Aerospace & Defense — .4%** | **Aerospace & Defense — .4%** | **Aerospace & Defense — .4%** | **Aerospace & Defense — .4%** | **Aerospace & Defense — .4%** | **Aerospace & Defense — .4%** |
| &nbsp;&nbsp;&nbsp; Bombardier, Inc., Sr. Unscd. <br> Notes<sup>(b)</sup> <br>|  | 6.75 | 6/15/2033 | 124000 | 128644 |
| &nbsp;&nbsp;&nbsp; Goat Holdco LLC, Sr. Scd. <br> Notes<sup>(b)</sup> <br>|  | 6.75 | 2/1/2032 | 277000 | 281841 |
| TransDigm, Inc., Gtd. Notes<sup>(b)</sup> <br>|  | 6.38 | 5/31/2033 | 160000 | 160545 |
|  |  |  |  |  | **571030** |
| **Airlines — .4%** | **Airlines — .4%** | **Airlines — .4%** | **Airlines — .4%** | **Airlines — .4%** | **Airlines — .4%** |
| &nbsp;&nbsp;&nbsp; American Airlines, <br> Inc./AAdvantage Loyalty IP <br> Ltd., Sr. Scd. Notes<sup>(b)</sup> <br>|  | 5.75 | 4/20/2029 | 228130 | 228072 |
| &nbsp;&nbsp;&nbsp; JetBlue Airways Corp./JetBlue <br> Loyalty LP, Sr. Scd. Notes<sup>(b)</sup> <br>|  | 9.88 | 9/20/2031 | 144000 | 140185 |
| &nbsp;&nbsp;&nbsp; United Airlines, Inc., Sr. Scd. <br> Notes<sup>(b)</sup> <br>|  | 4.63 | 4/15/2029 | 190000 | 184558 |
|  |  |  |  |  | **552815** |
| **Automobiles & Components — .2%** | **Automobiles & Components — .2%** | **Automobiles & Components — .2%** | **Automobiles & Components — .2%** | **Automobiles & Components — .2%** | **Automobiles & Components — .2%** |
| &nbsp;&nbsp;&nbsp; Clarios Global LP/Clarios US <br> Finance Co., Sr. Scd. Notes<sup>(b)</sup> <br>|  | 6.75 | 2/15/2030 | 30000 | 31218 |
| &nbsp;&nbsp;&nbsp; Grupo Antolin-Irausa SA, Sr. <br> Scd. Bonds<sup>(b)</sup> <br>| EUR | 3.50 | 4/30/2028 | 390000 | 305639 |
|  |  |  |  |  | **336857** |
| **Banks — .2%** | **Banks — .2%** | **Banks — .2%** | **Banks — .2%** | **Banks — .2%** | **Banks — .2%** |
| &nbsp;&nbsp;&nbsp; Citigroup, Inc., Jr. Sub. Notes, <br> Ser. X<sup>(c)</sup> <br>|  | 3.88 | 2/18/2026 | 224000 | 221476 |
| &nbsp;&nbsp;&nbsp; Freedom Mortgage Corp., Sr. <br> Unscd. Notes<sup>(b)</sup> <br>|  | 6.63 | 1/15/2027 | 77000 | 77191 |
|  |  |  |  |  | **298667** |
| **Building Materials — .4%** | **Building Materials — .4%** | **Building Materials — .4%** | **Building Materials — .4%** | **Building Materials — .4%** | **Building Materials — .4%** |
| &nbsp;&nbsp;&nbsp; Camelot Return Merger Sub, <br> Inc., Sr. Scd. Notes<sup>(b)</sup> <br>|  | 8.75 | 8/1/2028 | 120000 | 110758 |
| &nbsp;&nbsp;&nbsp; Cornerstone Building Brands, <br> Inc., Sr. Scd. Notes<sup>(b)</sup> <br>|  | 9.50 | 8/15/2029 | 237000 | 218086 |

---

**1**

------

*STATEMENT OF INVESTMENTS (Unaudited) (continued)*

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Description |  | Coupon<br> Rate (%)<br>| Maturity<br> Date<br>| Principal<br> Amount ($)<sup>(a)</sup><br>| Value ($) |
| **Bonds and Notes — 34.2% (continued)** | **Bonds and Notes — 34.2% (continued)** | **Bonds and Notes — 34.2% (continued)** | **Bonds and Notes — 34.2% (continued)** | **Bonds and Notes — 34.2% (continued)** | **Bonds and Notes — 34.2% (continued)** |
| **Building Materials — .4% (continued)** | **Building Materials — .4% (continued)** | **Building Materials — .4% (continued)** | **Building Materials — .4% (continued)** | **Building Materials — .4% (continued)** | **Building Materials — .4% (continued)** |
| &nbsp;&nbsp;&nbsp; Quikrete Holdings, Inc., Sr. <br> Scd. Notes<sup>(b)</sup> <br>|  | 6.38 | 3/1/2032 | 171000 | 175950 |
| &nbsp;&nbsp;&nbsp; Quikrete Holdings, Inc., Sr. <br> Unscd. Notes<sup>(b)</sup> <br>|  | 6.75 | 3/1/2033 | 34000 | 35103 |
|  |  |  |  |  | **539897** |
| **Chemicals — .7%** | **Chemicals — .7%** | **Chemicals — .7%** | **Chemicals — .7%** | **Chemicals — .7%** | **Chemicals — .7%** |
| &nbsp;&nbsp;&nbsp; Innophos Holdings, Inc., <br> Bonds<sup>(b)</sup> <br>|  | 11.50 | 6/15/2029 | 181000 | 182938 |
| &nbsp;&nbsp;&nbsp; Itelyum Regeneration SpA, Sr. <br> Scd. Bonds<sup>(b)</sup> <br>| EUR | 5.75 | 4/15/2030 | 130000 | 154740 |
| &nbsp;&nbsp;&nbsp; Kobe US Midco 2, Inc., Sr. <br> Unscd. Notes<sup>(b),(d)</sup> <br>|  | 9.25 | 11/1/2026 | 49350 | 44353 |
| &nbsp;&nbsp;&nbsp; Olympus Water US Holding <br> Corp., Sr. Scd. Notes<sup>(b)</sup> <br>| EUR | 9.63 | 11/15/2028 | 230000 | 285194 |
| &nbsp;&nbsp;&nbsp; Rain Carbon, Inc., Sr. Scd. <br> Notes<sup>(b)</sup> <br>|  | 12.25 | 9/1/2029 | 142000 | 152465 |
| &nbsp;&nbsp;&nbsp; WR Grace Holdings LLC, Sr. <br> Unscd. Notes<sup>(b)</sup> <br>|  | 5.63 | 8/15/2029 | 212000 | 192099 |
|  |  |  |  |  | **1011789** |
| **Collateralized Loan Obligations Debt — 3.1%** | **Collateralized Loan Obligations Debt — 3.1%** | **Collateralized Loan Obligations Debt — 3.1%** | **Collateralized Loan Obligations Debt — 3.1%** | **Collateralized Loan Obligations Debt — 3.1%** | **Collateralized Loan Obligations Debt — 3.1%** |
| &nbsp;&nbsp;&nbsp; Apidos XXXI CLO, Ser. 2019-<br> 31A, Cl. ER, (3 Month TSFR <br> +6.86%)<sup>(b),(e)</sup> <br>|  | 11.12 | 4/15/2031 | 2000000 | 2014330 |
| &nbsp;&nbsp;&nbsp; Dryden 66 Euro 2018 DAC <br> CLO, Ser. 2018-66A, Cl. E, <br> (3 Month EURIBOR <br> +5.41%)<sup>(b),(e)</sup> <br>| EUR | 7.65 | 1/18/2032 | 2000000 | 2347256 |
|  |  |  |  |  | **4361586** |
| **Commercial & Professional Services — 2.0%** | **Commercial & Professional Services — 2.0%** | **Commercial & Professional Services — 2.0%** | **Commercial & Professional Services — 2.0%** | **Commercial & Professional Services — 2.0%** | **Commercial & Professional Services — 2.0%** |
| &nbsp;&nbsp;&nbsp; Albion Financing <br> 1 Sarl/Aggreko Holdings, <br> Inc., Sr. Scd. Notes<sup>(b)</sup> <br>|  | 7.00 | 5/21/2030 | 200000 | 204605 |
| &nbsp;&nbsp;&nbsp; Allied Universal Holdco <br> LLC/Allied Universal <br> Finance Corp., Sr. Scd. <br> Notes<sup>(b)</sup> <br>|  | 6.88 | 6/15/2030 | 90000 | 91305 |
| &nbsp;&nbsp;&nbsp; Allied Universal Holdco <br> LLC/Allied Universal <br> Finance Corp., Sr. Unscd. <br> Notes<sup>(b)</sup> <br>|  | 6.00 | 6/1/2029 | 200000 | 194696 |

---

**2**

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Description |  | Coupon<br> Rate (%)<br>| Maturity<br> Date<br>| Principal<br> Amount ($)<sup>(a)</sup><br>| Value ($) |
| **Bonds and Notes — 34.2% (continued)** | **Bonds and Notes — 34.2% (continued)** | **Bonds and Notes — 34.2% (continued)** | **Bonds and Notes — 34.2% (continued)** | **Bonds and Notes — 34.2% (continued)** | **Bonds and Notes — 34.2% (continued)** |
| **Commercial & Professional Services — 2.0% (continued)** | **Commercial & Professional Services — 2.0% (continued)** | **Commercial & Professional Services — 2.0% (continued)** | **Commercial & Professional Services — 2.0% (continued)** | **Commercial & Professional Services — 2.0% (continued)** | **Commercial & Professional Services — 2.0% (continued)** |
| &nbsp;&nbsp;&nbsp; Allied Universal Holdco <br> LLC/Allied Universal <br> Finance Corp./Atlas Luxco <br> 4 Sarl, Sr. Scd. Bonds<sup>(b)</sup> <br>| GBP | 4.88 | 6/1/2028 | 320000 | 422988 |
| &nbsp;&nbsp;&nbsp; Avis Budget Car Rental <br> LLC/Avis Budget Finance, <br> Inc., Gtd. Notes<sup>(b)</sup> <br>|  | 5.75 | 7/15/2027 | 104000 | 103783 |
| &nbsp;&nbsp;&nbsp; Belron UK Finance PLC, Sr. <br> Scd. Notes<sup>(b)</sup> <br>|  | 5.75 | 10/15/2029 | 200000 | 201814 |
| &nbsp;&nbsp;&nbsp; Herc Holdings, Inc., Sr. Unscd. <br> Notes<sup>(b)</sup> <br>|  | 7.00 | 6/15/2030 | 118000 | 123308 |
| &nbsp;&nbsp;&nbsp; House of HR Group BV, Sr. Scd. <br> Bonds<sup>(b)</sup> <br>| EUR | 9.00 | 11/3/2029 | 220000 | 258424 |
| &nbsp;&nbsp;&nbsp; Kapla Holding SAS, Sr. Scd. <br> Bonds<sup>(b)</sup> <br>| EUR | 5.00 | 4/30/2031 | 100000 | 119362 |
| &nbsp;&nbsp;&nbsp; Raven Acquisition Holdings <br> LLC, Sr. Scd. Notes<sup>(b)</sup> <br>|  | 6.88 | 11/15/2031 | 271000 | 271689 |
| &nbsp;&nbsp;&nbsp; Verisure Midholding AB, Gtd. <br> Notes<sup>(b)</sup> <br>| EUR | 5.25 | 2/15/2029 | 665000 | 788247 |
| &nbsp;&nbsp;&nbsp; Veritiv Operating Co., Sr. Scd. <br> Notes<sup>(b)</sup> <br>|  | 10.50 | 11/30/2030 | 124000 | 134384 |
|  |  |  |  |  | **2914605** |
| **Consumer Discretionary — 1.1%** | **Consumer Discretionary — 1.1%** | **Consumer Discretionary — 1.1%** | **Consumer Discretionary — 1.1%** | **Consumer Discretionary — 1.1%** | **Consumer Discretionary — 1.1%** |
| &nbsp;&nbsp;&nbsp; Ashton Woods USA <br> LLC/Ashton Woods Finance <br> Co., Sr. Unscd. Notes<sup>(b)</sup> <br>|  | 4.63 | 4/1/2030 | 190000 | 181409 |
| Carnival Corp., Gtd. Notes<sup>(b)</sup> <br>|  | 6.13 | 2/15/2033 | 155000 | 158686 |
| &nbsp;&nbsp;&nbsp; Flutter Treasury DAC, Sr. Scd. <br> Bonds<sup>(b)</sup> <br>|  | 5.88 | 6/4/2031 | 200000 | 201625 |
| &nbsp;&nbsp;&nbsp; Lottomatica Group SpA, Sr. <br> Scd. Bonds<sup>(b)</sup> <br>| EUR | 4.88 | 1/31/2031 | 100000 | 120927 |
| &nbsp;&nbsp;&nbsp; Midwest Gaming Borrower <br> LLC/Midwest Gaming <br> Finance Corp., Sr. Scd. <br> Notes<sup>(b)</sup> <br>|  | 4.88 | 5/1/2029 | 184000 | 177356 |
| &nbsp;&nbsp;&nbsp; Mohegan Tribal Gaming <br> Authority/MS Digital <br> Entertainment Holdings <br> LLC, Sr. Scd. Notes<sup>(b)</sup> <br>|  | 8.25 | 4/15/2030 | 149000 | 153909 |
| &nbsp;&nbsp;&nbsp; NCL Corp. Ltd., Sr. Unscd. <br> Notes<sup>(b)</sup> <br>|  | 6.75 | 2/1/2032 | 170000 | 173783 |

---

**3**

------

*STATEMENT OF INVESTMENTS (Unaudited) (continued)*

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Description |  | Coupon<br> Rate (%)<br>| Maturity<br> Date<br>| Principal<br> Amount ($)<sup>(a)</sup><br>| Value ($) |
| **Bonds and Notes — 34.2% (continued)** | **Bonds and Notes — 34.2% (continued)** | **Bonds and Notes — 34.2% (continued)** | **Bonds and Notes — 34.2% (continued)** | **Bonds and Notes — 34.2% (continued)** | **Bonds and Notes — 34.2% (continued)** |
| **Consumer Discretionary — 1.1% (continued)** | **Consumer Discretionary — 1.1% (continued)** | **Consumer Discretionary — 1.1% (continued)** | **Consumer Discretionary — 1.1% (continued)** | **Consumer Discretionary — 1.1% (continued)** | **Consumer Discretionary — 1.1% (continued)** |
| &nbsp;&nbsp;&nbsp; Station Casinos LLC, Gtd. <br> Notes<sup>(b)</sup> <br>|  | 4.63 | 12/1/2031 | 132000 | 123731 |
| &nbsp;&nbsp;&nbsp; Warnermedia Holdings, Inc., <br> Gtd. Notes<br>|  | 5.14 | 3/15/2052 | 14000 | 8645 |
| &nbsp;&nbsp;&nbsp; Windsor Holdings III LLC, Sr. <br> Scd. Notes<sup>(b)</sup> <br>|  | 8.50 | 6/15/2030 | 95000 | 101923 |
| &nbsp;&nbsp;&nbsp; Wolseley Group Finco PLC, Sr. <br> Scd. Bonds<sup>(b)</sup> <br>| GBP | 9.75 | 1/31/2031 | 110000 | 153134 |
|  |  |  |  |  | **1555128** |
| **Consumer Durables & Apparel — .2%** | **Consumer Durables & Apparel — .2%** | **Consumer Durables & Apparel — .2%** | **Consumer Durables & Apparel — .2%** | **Consumer Durables & Apparel — .2%** | **Consumer Durables & Apparel — .2%** |
| &nbsp;&nbsp;&nbsp; Beach Acquisition Bidco LLC, <br> Sr. Unscd. Notes<sup>(b),(d)</sup> <br>|  | 10.00 | 7/15/2033 | 200000 | 207803 |
| &nbsp;&nbsp;&nbsp; S&S Holdings LLC, Sr. Scd. <br> Notes<sup>(b)</sup> <br>|  | 8.38 | 10/1/2031 | 114000 | 111505 |
|  |  |  |  |  | **319308** |
| **Diversified Financials — 2.9%** | **Diversified Financials — 2.9%** | **Diversified Financials — 2.9%** | **Diversified Financials — 2.9%** | **Diversified Financials — 2.9%** | **Diversified Financials — 2.9%** |
| AG Issuer LLC, Sr. Scd. Notes<sup>(b)</sup> <br>|  | 6.25 | 3/1/2028 | 203000 | 203166 |
| &nbsp;&nbsp;&nbsp; Encore Capital Group, Inc., Sr. <br> Scd. Notes<sup>(b)</sup> <br>| GBP | 4.25 | 6/1/2028 | 580000 | 760286 |
| &nbsp;&nbsp;&nbsp; Freedom Mortgage Holdings <br> LLC, Sr. Unscd. Notes<sup>(b)</sup> <br>|  | 9.13 | 5/15/2031 | 80000 | 82563 |
| &nbsp;&nbsp;&nbsp; Freedom Mortgage Holdings <br> LLC, Sr. Unscd. Notes<sup>(b)</sup> <br>|  | 9.25 | 2/1/2029 | 62000 | 64444 |
| &nbsp;&nbsp;&nbsp; Garfunkelux Holdco 3 SA, Sr. <br> Scd. Bonds<sup>(b)</sup> <br>| EUR | 9.00 | 9/1/2028 | 164850 | 183796 |
| &nbsp;&nbsp;&nbsp; Garfunkelux Holdco 3 SA, Sr. <br> Scd. Bonds<sup>(b)</sup> <br>| EUR | 9.50 | 11/1/2028 | 658550 | 665840 |
| &nbsp;&nbsp;&nbsp; Garfunkelux Holdco 4 SA, <br> Unscd. Bonds<sup>(b),(d)</sup> <br>| EUR | 10.50 | 5/1/2030 | 134326 | 40220 |
| &nbsp;&nbsp;&nbsp; Icahn Enterprises LP/Icahn <br> Enterprises Finance Corp., <br> Sr. Scd. Notes<br>|  | 5.25 | 5/15/2027 | 168000 | 162923 |
| &nbsp;&nbsp;&nbsp; Jane Street Group/JSG <br> Finance, Inc., Sr. Scd. <br> Notes<sup>(b)</sup> <br>|  | 6.13 | 11/1/2032 | 91000 | 91926 |
| &nbsp;&nbsp;&nbsp; Jane Street Group/JSG <br> Finance, Inc., Sr. Scd. <br> Notes<sup>(b)</sup> <br>|  | 7.13 | 4/30/2031 | 316000 | 332711 |
| &nbsp;&nbsp;&nbsp; Nationstar Mortgage Holdings, <br> Inc., Gtd. Notes<sup>(b)</sup> <br>|  | 5.75 | 11/15/2031 | 170000 | 172787 |

---

**4**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| Description | Coupon<br> Rate (%)<br>| Maturity<br> Date<br>| Principal<br> Amount ($)<sup>(a)</sup><br>| Value ($) |
| **Bonds and Notes — 34.2% (continued)** | **Bonds and Notes — 34.2% (continued)** | **Bonds and Notes — 34.2% (continued)** | **Bonds and Notes — 34.2% (continued)** | **Bonds and Notes — 34.2% (continued)** |
| **Diversified Financials — 2.9% (continued)** | **Diversified Financials — 2.9% (continued)** | **Diversified Financials — 2.9% (continued)** | **Diversified Financials — 2.9% (continued)** | **Diversified Financials — 2.9% (continued)** |
| &nbsp;&nbsp;&nbsp; Nationstar Mortgage Holdings, <br> Inc., Gtd. Notes<sup>(b)</sup> <br>| 6.50 | 8/1/2029 | 110000 | 112429 |
| &nbsp;&nbsp;&nbsp; OneMain Finance Corp., Gtd. <br> Notes<br>| 7.50 | 5/15/2031 | 52000 | 54369 |
| &nbsp;&nbsp;&nbsp; OneMain Finance Corp., Gtd. <br> Notes<br>| 7.88 | 3/15/2030 | 79000 | 84000 |
| &nbsp;&nbsp;&nbsp; PennyMac Financial Services, <br> Inc., Gtd. Notes<sup>(b)</sup> <br>| 7.13 | 11/15/2030 | 96000 | 99555 |
| &nbsp;&nbsp;&nbsp; PennyMac Financial Services, <br> Inc., Gtd. Notes<sup>(b)</sup> <br>| 7.88 | 12/15/2029 | 229000 | 243336 |
| &nbsp;&nbsp;&nbsp; PHH Escrow Issuer LLC/PHH <br> Corp., Sr. Unscd. Notes<sup>(b)</sup> <br>| 9.88 | 11/1/2029 | 199000 | 198680 |
| Rocket Cos., Inc., Gtd. Notes<sup>(b)</sup> <br>| 6.13 | 8/1/2030 | 89000 | 90749 |
| &nbsp;&nbsp;&nbsp; Rocket Mortgage LLC/Rocket <br> Mortgage Co-Issuer, Inc., <br> Gtd. Notes<sup>(b)</sup> <br>| 4.00 | 10/15/2033 | 171000 | 153106 |
| &nbsp;&nbsp;&nbsp; VFH Parent LLC/Valor Co-<br> Issuer, Inc., Sr. Scd. Bonds<sup>(b)</sup> <br>| 7.50 | 6/15/2031 | 255000 | 267785 |
|  |  |  |  | **4064671** |
| **Energy — 3.4%** | **Energy — 3.4%** | **Energy — 3.4%** | **Energy — 3.4%** | **Energy — 3.4%** |
| &nbsp;&nbsp;&nbsp; Aethon United BR LP/Aethon <br> United Finance Corp., Sr. <br> Unscd. Notes<sup>(b)</sup> <br>| 7.50 | 10/1/2029 | 171000 | 179495 |
| &nbsp;&nbsp;&nbsp; Aris Water Holdings LLC, Gtd. <br> Notes<sup>(b)</sup> <br>| 7.25 | 4/1/2030 | 171000 | 176567 |
| &nbsp;&nbsp;&nbsp; CITGO Petroleum Corp., Sr. <br> Scd. Notes<sup>(b)</sup> <br>| 8.38 | 1/15/2029 | 150000 | 156397 |
| &nbsp;&nbsp;&nbsp; Comstock Resources, Inc., Gtd. <br> Notes<sup>(b)</sup> <br>| 6.75 | 3/1/2029 | 354000 | 355060 |
| &nbsp;&nbsp;&nbsp; Encino Acquisition Partners <br> Holdings LLC, Gtd. Notes<sup>(b)</sup> <br>| 8.50 | 5/1/2028 | 210000 | 215913 |
| &nbsp;&nbsp;&nbsp; Encino Acquisition Partners <br> Holdings LLC, Sr. Unscd. <br> Notes<sup>(b)</sup> <br>| 8.75 | 5/1/2031 | 52000 | 57468 |
| &nbsp;&nbsp;&nbsp; Energy Transfer LP, Jr. Sub. <br> Notes, Ser. B<sup>(c)</sup> <br>| 6.63 | 2/15/2028 | 526000 | 525523 |
| &nbsp;&nbsp;&nbsp; Gulfport Energy Operating <br> Corp., Gtd. Notes<sup>(b)</sup> <br>| 6.75 | 9/1/2029 | 286000 | 293465 |
| &nbsp;&nbsp;&nbsp; Matador Resources Co., Gtd. <br> Notes<sup>(b)</sup> <br>| 6.50 | 4/15/2032 | 68000 | 68080 |

---

**5**

------

*STATEMENT OF INVESTMENTS (Unaudited) (continued)*

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Description |  | Coupon<br> Rate (%)<br>| Maturity<br> Date<br>| Principal<br> Amount ($)<sup>(a)</sup><br>| Value ($) |
| **Bonds and Notes — 34.2% (continued)** | **Bonds and Notes — 34.2% (continued)** | **Bonds and Notes — 34.2% (continued)** | **Bonds and Notes — 34.2% (continued)** | **Bonds and Notes — 34.2% (continued)** | **Bonds and Notes — 34.2% (continued)** |
| **Energy — 3.4% (continued)** | **Energy — 3.4% (continued)** | **Energy — 3.4% (continued)** | **Energy — 3.4% (continued)** | **Energy — 3.4% (continued)** | **Energy — 3.4% (continued)** |
| &nbsp;&nbsp;&nbsp; Moss Creek Resources <br> Holdings, Inc., Sr. Unscd. <br> Notes<sup>(b)</sup> <br>|  | 8.25 | 9/1/2031 | 83000 | 80796 |
| &nbsp;&nbsp;&nbsp; Noble Finance II LLC, Gtd. <br> Notes<sup>(b)</sup> <br>|  | 8.00 | 4/15/2030 | 126000 | 128404 |
| &nbsp;&nbsp;&nbsp; Northern Oil & Gas, Inc., Sr. <br> Unscd. Notes<sup>(b)</sup> <br>|  | 8.13 | 3/1/2028 | 131000 | 132258 |
| &nbsp;&nbsp;&nbsp; Northern Oil & Gas, Inc., Sr. <br> Unscd. Notes<sup>(b)</sup> <br>|  | 8.75 | 6/15/2031 | 196000 | 202222 |
| &nbsp;&nbsp;&nbsp; Northriver Midstream Finance <br> LP, Sr. Scd. Notes<sup>(b)</sup> <br>|  | 6.75 | 7/15/2032 | 138000 | 143020 |
| &nbsp;&nbsp;&nbsp; OEG Finance PLC, Sr. Scd. <br> Bonds<sup>(b)</sup> <br>| EUR | 7.25 | 9/27/2029 | 120000 | 147989 |
| &nbsp;&nbsp;&nbsp; Rockies Express Pipeline LLC, <br> Sr. Unscd. Notes<sup>(b)</sup> <br>|  | 4.80 | 5/15/2030 | 263000 | 255156 |
| &nbsp;&nbsp;&nbsp; SM Energy Co., Sr. Unscd. <br> Notes<sup>(b)</sup> <br>|  | 6.75 | 8/1/2029 | 102000 | 101714 |
| &nbsp;&nbsp;&nbsp; TGNR Intermediate Holdings <br> LLC, Sr. Unscd. Notes<sup>(b)</sup> <br>|  | 5.50 | 10/15/2029 | 467000 | 452885 |
| &nbsp;&nbsp;&nbsp; Venture Global Calcasieu Pass <br> LLC, Sr. Scd. Notes<sup>(b)</sup> <br>|  | 3.88 | 11/1/2033 | 196000 | 171561 |
| &nbsp;&nbsp;&nbsp; Venture Global LNG, Inc., Jr. <br> Sub. Notes<sup>(b),(c)</sup> <br>|  | 9.00 | 9/30/2029 | 430000 | 418454 |
| &nbsp;&nbsp;&nbsp; Venture Global LNG, Inc., Sr. <br> Scd. Notes<sup>(b)</sup> <br>|  | 8.13 | 6/1/2028 | 221000 | 228551 |
| &nbsp;&nbsp;&nbsp; Venture Global LNG, Inc., Sr. <br> Scd. Notes<sup>(b)</sup> <br>|  | 8.38 | 6/1/2031 | 174000 | 180847 |
| &nbsp;&nbsp;&nbsp; Venture Global Plaquemines <br> LNG LLC, Sr. Scd. Notes<sup>(b)</sup> <br>|  | 6.50 | 1/15/2034 | 96000 | 96000 |
| &nbsp;&nbsp;&nbsp; Venture Global Plaquemines <br> LNG LLC, Sr. Scd. Notes<sup>(b)</sup> <br>|  | 7.50 | 5/1/2033 | 89000 | 95365 |
|  |  |  |  |  | **4863190** |
| **Environmental Control — .4%** | **Environmental Control — .4%** | **Environmental Control — .4%** | **Environmental Control — .4%** | **Environmental Control — .4%** | **Environmental Control — .4%** |
| &nbsp;&nbsp;&nbsp; Luna 2 5SARL, Sr. Scd. <br> Bonds<sup>(b)</sup> <br>| EUR | 5.50 | 7/1/2032 | 100000 | 120234 |
| &nbsp;&nbsp;&nbsp; Madison IAQ LLC, Sr. Unscd. <br> Notes<sup>(b)</sup> <br>|  | 5.88 | 6/30/2029 | 67000 | 65955 |

---

**6**

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Description |  | Coupon<br> Rate (%)<br>| Maturity<br> Date<br>| Principal<br> Amount ($)<sup>(a)</sup><br>| Value ($) |
| **Bonds and Notes — 34.2% (continued)** | **Bonds and Notes — 34.2% (continued)** | **Bonds and Notes — 34.2% (continued)** | **Bonds and Notes — 34.2% (continued)** | **Bonds and Notes — 34.2% (continued)** | **Bonds and Notes — 34.2% (continued)** |
| **Environmental Control — .4% (continued)** | **Environmental Control — .4% (continued)** | **Environmental Control — .4% (continued)** | **Environmental Control — .4% (continued)** | **Environmental Control — .4% (continued)** | **Environmental Control — .4% (continued)** |
| &nbsp;&nbsp;&nbsp; Reworld Holding Corp., Gtd. <br> Notes<br>|  | 5.00 | 9/1/2030 | 223000 | 211251 |
| &nbsp;&nbsp;&nbsp; Waste Pro USA, Inc., Sr. Unscd. <br> Notes<sup>(b)</sup> <br>|  | 7.00 | 2/1/2033 | 184000 | 191474 |
|  |  |  |  |  | **588914** |
| **Food Products — .6%** | **Food Products — .6%** | **Food Products — .6%** | **Food Products — .6%** | **Food Products — .6%** | **Food Products — .6%** |
| &nbsp;&nbsp;&nbsp; Bellis Acquisition Co. PLC, Sr. <br> Scd. Bonds<sup>(b)</sup> <br>| GBP | 8.13 | 5/14/2030 | 210000 | 272222 |
| &nbsp;&nbsp;&nbsp; Fiesta Purchaser, Inc., Sr. Scd. <br> Notes<sup>(b)</sup> <br>|  | 7.88 | 3/1/2031 | 114000 | 121102 |
| &nbsp;&nbsp;&nbsp; Fiesta Purchaser, Inc., Sr. <br> Unscd. Notes<sup>(b)</sup> <br>|  | 9.63 | 9/15/2032 | 118000 | 124805 |
| &nbsp;&nbsp;&nbsp; Irca SpA, Sr. Scd. Bonds, <br> (3 Month EURIBOR <br> +3.75%)<sup>(b),(e)</sup> <br>| EUR | 5.73 | 12/15/2029 | 170000 | 201230 |
| &nbsp;&nbsp;&nbsp; Simmons Foods, Inc./Simmons <br> Prepared Foods, <br> Inc./Simmons Pet Food, <br> Inc./Simmons Feed, Scd. <br> Notes<sup>(b)</sup> <br>|  | 4.63 | 3/1/2029 | 117000 | 110568 |
|  |  |  |  |  | **829927** |
| **Forest Products & Paper — .3%** | **Forest Products & Paper — .3%** | **Forest Products & Paper — .3%** | **Forest Products & Paper — .3%** | **Forest Products & Paper — .3%** | **Forest Products & Paper — .3%** |
| &nbsp;&nbsp;&nbsp; Mercer International, Inc., Sr. <br> Unscd. Notes<sup>(b)</sup> <br>|  | 12.88 | 10/1/2028 | 371000 | **376756** |
| **Health Care — 2.8%** | **Health Care — 2.8%** | **Health Care — 2.8%** | **Health Care — 2.8%** | **Health Care — 2.8%** | **Health Care — 2.8%** |
| &nbsp;&nbsp;&nbsp; 1261229 BC Ltd., Sr. Scd. <br> Notes<sup>(b)</sup> <br>|  | 10.00 | 4/15/2032 | 200000 | 201898 |
| &nbsp;&nbsp;&nbsp; Bausch + Lomb Corp., Sr. Scd. <br> Bonds, (3 Month EURIBOR <br> +3.88%)<sup>(b),(e)</sup> <br>| EUR | 5.87 | 1/15/2031 | 100000 | 118755 |
| &nbsp;&nbsp;&nbsp; Bausch Health Cos., Inc., Sr. <br> Scd. Notes<sup>(b)</sup> <br>|  | 11.00 | 9/30/2028 | 158000 | 156532 |
| &nbsp;&nbsp;&nbsp; Cheplapharm Arzneimittel <br> GmbH, Sr. Scd. Bonds<sup>(b)</sup> <br>| EUR | 4.38 | 1/15/2028 | 320000 | 373385 |
| &nbsp;&nbsp;&nbsp; CHS/Community Health <br> Systems, Inc., Scd. Notes<sup>(b)</sup> <br>|  | 6.88 | 4/15/2029 | 99000 | 79020 |
| &nbsp;&nbsp;&nbsp; CHS/Community Health <br> Systems, Inc., Sr. Scd. <br> Notes<sup>(b)</sup> <br>|  | 10.88 | 1/15/2032 | 187000 | 198429 |
| &nbsp;&nbsp;&nbsp; Dolcetto Holdco SpA, Sr. Scd. <br> Bonds<sup>(b)</sup> <br>| EUR | 5.63 | 7/14/2032 | 167000 | 198392 |

---

**7**

------

*STATEMENT OF INVESTMENTS (Unaudited) (continued)*

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Description |  | Coupon<br> Rate (%)<br>| Maturity<br> Date<br>| Principal<br> Amount ($)<sup>(a)</sup><br>| Value ($) |
| **Bonds and Notes — 34.2% (continued)** | **Bonds and Notes — 34.2% (continued)** | **Bonds and Notes — 34.2% (continued)** | **Bonds and Notes — 34.2% (continued)** | **Bonds and Notes — 34.2% (continued)** | **Bonds and Notes — 34.2% (continued)** |
| **Health Care — 2.8% (continued)** | **Health Care — 2.8% (continued)** | **Health Care — 2.8% (continued)** | **Health Care — 2.8% (continued)** | **Health Care — 2.8% (continued)** | **Health Care — 2.8% (continued)** |
| &nbsp;&nbsp;&nbsp; Global Medical Response, Inc., <br> Sr. Scd. Notes<sup>(b),(d)</sup> <br>|  | 9.50 | 10/31/2028 | 390608 | 392307 |
| &nbsp;&nbsp;&nbsp; HAH Group Holding Co. LLC, <br> Sr. Scd. Notes<sup>(b)</sup> <br>|  | 9.75 | 10/1/2031 | 173000 | 171638 |
| &nbsp;&nbsp;&nbsp; Insulet Corp., Sr. Unscd. <br> Notes<sup>(b)</sup> <br>|  | 6.50 | 4/1/2033 | 194000 | 202398 |
| IQVIA, Inc., Gtd. Notes<sup>(b)</sup> <br>|  | 6.25 | 6/1/2032 | 120000 | 123296 |
| &nbsp;&nbsp;&nbsp; LifePoint Health, Inc., Sr. Scd. <br> Notes<sup>(b)</sup> <br>|  | 9.88 | 8/15/2030 | 130000 | 140784 |
| &nbsp;&nbsp;&nbsp; LifePoint Health, Inc., Sr. <br> Unscd. Notes<sup>(b)</sup> <br>|  | 10.00 | 6/1/2032 | 71000 | 73337 |
| &nbsp;&nbsp;&nbsp; Neopharmed Gentili SpA, Sr. <br> Scd. Bonds<sup>(b)</sup> <br>| EUR | 7.13 | 4/8/2030 | 340000 | 421029 |
| &nbsp;&nbsp;&nbsp; Nidda Healthcare Holding <br> GmbH, Sr. Scd. Bonds<sup>(b)</sup> <br>| EUR | 5.63 | 2/21/2030 | 280000 | 336878 |
| &nbsp;&nbsp;&nbsp; Option Care Health, Inc., Gtd. <br> Notes<sup>(b)</sup> <br>|  | 4.38 | 10/31/2029 | 225000 | 216723 |
| &nbsp;&nbsp;&nbsp; Radiology Partners, Inc., Sr. <br> Scd. Notes<sup>(b)</sup> <br>|  | 8.50 | 7/15/2032 | 150000 | 150537 |
| &nbsp;&nbsp;&nbsp; Sotera Health Holdings LLC, <br> Sr. Scd. Notes<sup>(b)</sup> <br>|  | 7.38 | 6/1/2031 | 127000 | 132295 |
| &nbsp;&nbsp;&nbsp; US Acute Care Solutions LLC, <br> Sr. Scd. Notes<sup>(b)</sup> <br>|  | 9.75 | 5/15/2029 | 260000 | 268499 |
|  |  |  |  |  | **3956132** |
| **Industrial — 1.1%** | **Industrial — 1.1%** | **Industrial — 1.1%** | **Industrial — 1.1%** | **Industrial — 1.1%** | **Industrial — 1.1%** |
| Arcosa, Inc., Gtd. Notes<sup>(b)</sup> <br>|  | 6.88 | 8/15/2032 | 120000 | 124613 |
| &nbsp;&nbsp;&nbsp; Axon Enterprise, Inc., Sr. <br> Unscd. Notes<sup>(b)</sup> <br>|  | 6.25 | 3/15/2033 | 157000 | 162049 |
| &nbsp;&nbsp;&nbsp; CEME SpA, Sr. Scd. Bonds, <br> (3 Month EURIBOR <br> +4.50%)<sup>(e)</sup> <br>| EUR | 6.48 | 9/30/2031 | 450000 | 531519 |
| &nbsp;&nbsp;&nbsp; CTEC II GmbH, Sr. Unscd. <br> Bonds<sup>(b)</sup> <br>| EUR | 5.25 | 2/15/2030 | 100000 | 100797 |
| &nbsp;&nbsp;&nbsp; Dycom Industries, Inc., Gtd. <br> Notes<sup>(b)</sup> <br>|  | 4.50 | 4/15/2029 | 180000 | 175333 |
| &nbsp;&nbsp;&nbsp; GrafTech Finance, Inc., Scd. <br> Notes<sup>(b)</sup> <br>|  | 4.63 | 12/23/2029 | 195000 | 134550 |

---

**8**

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Description |  | Coupon<br> Rate (%)<br>| Maturity<br> Date<br>| Principal<br> Amount ($)<sup>(a)</sup><br>| Value ($) |
| **Bonds and Notes — 34.2% (continued)** | **Bonds and Notes — 34.2% (continued)** | **Bonds and Notes — 34.2% (continued)** | **Bonds and Notes — 34.2% (continued)** | **Bonds and Notes — 34.2% (continued)** | **Bonds and Notes — 34.2% (continued)** |
| **Industrial — 1.1% (continued)** | **Industrial — 1.1% (continued)** | **Industrial — 1.1% (continued)** | **Industrial — 1.1% (continued)** | **Industrial — 1.1% (continued)** | **Industrial — 1.1% (continued)** |
| &nbsp;&nbsp;&nbsp; GrafTech Global Enterprises, <br> Inc., Scd. Notes<sup>(b)</sup> <br>|  | 9.88 | 12/23/2029 | 176000 | 139920 |
| &nbsp;&nbsp;&nbsp; Husky Injection Molding <br> Systems Ltd./Titan Co-<br> Borrower LLC, Sr. Scd. <br> Notes<sup>(b)</sup> <br>|  | 9.00 | 2/15/2029 | 165000 | 172722 |
|  |  |  |  |  | **1541503** |
| **Information Technology — 1.4%** | **Information Technology — 1.4%** | **Information Technology — 1.4%** | **Information Technology — 1.4%** | **Information Technology — 1.4%** | **Information Technology — 1.4%** |
| &nbsp;&nbsp;&nbsp; AthenaHealth Group, Inc., Sr. <br> Unscd. Notes<sup>(b)</sup> <br>|  | 6.50 | 2/15/2030 | 643000 | 633494 |
| &nbsp;&nbsp;&nbsp; Central Parent, Inc./CDK <br> Global, Inc., Sr. Scd. Notes<sup>(b)</sup> <br>|  | 7.25 | 6/15/2029 | 62000 | 50617 |
| &nbsp;&nbsp;&nbsp; Cloud Software Group, Inc., <br> Scd. Notes<sup>(b)</sup> <br>|  | 9.00 | 9/30/2029 | 74000 | 76772 |
| &nbsp;&nbsp;&nbsp; Cloud Software Group, Inc., Sr. <br> Scd. Notes<sup>(b)</sup> <br>|  | 6.50 | 3/31/2029 | 227000 | 229260 |
| CoreWeave, Inc., Gtd. Notes<sup>(b)</sup> <br>|  | 9.25 | 6/1/2030 | 94000 | 96179 |
| Elastic NV, Sr. Unscd. Notes<sup>(b)</sup> <br>|  | 4.13 | 7/15/2029 | 349000 | 333777 |
| &nbsp;&nbsp;&nbsp; Ellucian Holdings, Inc., Sr. Scd. <br> Notes<sup>(b)</sup> <br>|  | 6.50 | 12/1/2029 | 101000 | 103545 |
| &nbsp;&nbsp;&nbsp; TeamSystem SpA, Sr. Scd. <br> Bonds<sup>(b)</sup> <br>| EUR | 5.00 | 7/1/2031 | 108000 | 127269 |
| UKG, Inc., Sr. Scd. Notes<sup>(b)</sup> <br>|  | 6.88 | 2/1/2031 | 269000 | 279276 |
|  |  |  |  |  | **1930189** |
| **Insurance — 1.7%** | **Insurance — 1.7%** | **Insurance — 1.7%** | **Insurance — 1.7%** | **Insurance — 1.7%** | **Insurance — 1.7%** |
| &nbsp;&nbsp;&nbsp; Acrisure LLC/Acrisure Finance, <br> Inc., Sr. Scd. Bonds<sup>(b)</sup> <br>|  | 6.75 | 7/1/2032 | 228000 | 231431 |
| &nbsp;&nbsp;&nbsp; Acrisure LLC/Acrisure Finance, <br> Inc., Sr. Unscd. Notes<sup>(b)</sup> <br>|  | 8.25 | 2/1/2029 | 153000 | 158446 |
| &nbsp;&nbsp;&nbsp; Alliant Holdings Intermediate <br> LLC/Alliant Holdings Co-<br> Issuer, Sr. Scd. Notes<sup>(b)</sup> <br>|  | 6.75 | 4/15/2028 | 260000 | 264480 |
| &nbsp;&nbsp;&nbsp; Alliant Holdings Intermediate <br> LLC/Alliant Holdings Co-<br> Issuer, Sr. Scd. Notes<sup>(b)</sup> <br>|  | 7.00 | 1/15/2031 | 92000 | 95235 |
| &nbsp;&nbsp;&nbsp; Alliant Holdings Intermediate <br> LLC/Alliant Holdings Co-<br> Issuer, Sr. Unscd. Notes<sup>(b)</sup> <br>|  | 7.38 | 10/1/2032 | 141000 | 145521 |

---

**9**

------

*STATEMENT OF INVESTMENTS (Unaudited) (continued)*

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Description |  | Coupon<br> Rate (%)<br>| Maturity<br> Date<br>| Principal<br> Amount ($)<sup>(a)</sup><br>| Value ($) |
| **Bonds and Notes — 34.2% (continued)** | **Bonds and Notes — 34.2% (continued)** | **Bonds and Notes — 34.2% (continued)** | **Bonds and Notes — 34.2% (continued)** | **Bonds and Notes — 34.2% (continued)** | **Bonds and Notes — 34.2% (continued)** |
| **Insurance — 1.7% (continued)** | **Insurance — 1.7% (continued)** | **Insurance — 1.7% (continued)** | **Insurance — 1.7% (continued)** | **Insurance — 1.7% (continued)** | **Insurance — 1.7% (continued)** |
| &nbsp;&nbsp;&nbsp; APH Somerset Investor <br> 2 LLC/APH2 Somerset <br> Investor <br> 2 LLC/APH3 Somerset <br> Inves, Sr. Unscd. Notes<sup>(b)</sup> <br>|  | 7.88 | 11/1/2029 | 88000 | 90090 |
| &nbsp;&nbsp;&nbsp; Ardonagh Finco Ltd., Sr. Scd. <br> Bonds<sup>(b)</sup> <br>| EUR | 6.88 | 2/15/2031 | 210000 | 254801 |
| &nbsp;&nbsp;&nbsp; Ardonagh Finco Ltd., Sr. Scd. <br> Notes<sup>(b)</sup> <br>|  | 7.75 | 2/15/2031 | 239000 | 250051 |
| &nbsp;&nbsp;&nbsp; Ardonagh Group Finance Ltd., <br> Sr. Unscd. Notes<sup>(b)</sup> <br>|  | 8.88 | 2/15/2032 | 200000 | 210621 |
| &nbsp;&nbsp;&nbsp; Global Atlantic Fin Co., Gtd. <br> Notes<sup>(b)</sup> <br>|  | 7.95 | 6/15/2033 | 123000 | 139393 |
| &nbsp;&nbsp;&nbsp; Howden UK Refinance <br> PLC/Howden UK Refinance <br> 2 PLC/Howden US <br> Refinance LLC, Sr. Scd. <br> Notes<sup>(b)</sup> <br>|  | 7.25 | 2/15/2031 | 200000 | 207262 |
| &nbsp;&nbsp;&nbsp; Howden UK Refinance <br> PLC/Howden UK Refinance <br> 2 PLC/Howden US <br> Refinance LLC, Sr. Unscd. <br> Notes<sup>(b)</sup> <br>|  | 8.13 | 2/15/2032 | 200000 | 209001 |
| &nbsp;&nbsp;&nbsp; Panther Escrow Issuer LLC, Sr. <br> Scd. Notes<sup>(b)</sup> <br>|  | 7.13 | 6/1/2031 | 110000 | 114335 |
|  |  |  |  |  | **2370667** |
| **Internet Software & Services — .9%** | **Internet Software & Services — .9%** | **Internet Software & Services — .9%** | **Internet Software & Services — .9%** | **Internet Software & Services — .9%** | **Internet Software & Services — .9%** |
| &nbsp;&nbsp;&nbsp; Arches Buyer, Inc., Sr. Unscd. <br> Notes<sup>(b)</sup> <br>|  | 6.13 | 12/1/2028 | 267000 | 245802 |
| &nbsp;&nbsp;&nbsp; Cablevision Lightpath LLC, Sr. <br> Scd. Notes<sup>(b)</sup> <br>|  | 3.88 | 9/15/2027 | 410000 | 395421 |
| Gen Digital, Inc., Gtd. Notes<sup>(b)</sup> <br>|  | 6.25 | 4/1/2033 | 283000 | 291304 |
| &nbsp;&nbsp;&nbsp; Match Group Holdings II LLC, <br> Sr. Unscd. Notes<sup>(b)</sup> <br>|  | 4.13 | 8/1/2030 | 208000 | 194651 |
| &nbsp;&nbsp;&nbsp; United Group BV, Sr. Scd. <br> Bonds<sup>(b)</sup> <br>| EUR | 6.50 | 10/31/2031 | 125000 | 149296 |
|  |  |  |  |  | **1276474** |
| **Materials — .4%** | **Materials — .4%** | **Materials — .4%** | **Materials — .4%** | **Materials — .4%** | **Materials — .4%** |
| &nbsp;&nbsp;&nbsp; Clydesdale Acquisition <br> Holdings, Inc., Gtd. Notes<sup>(b)</sup> <br>|  | 8.75 | 4/15/2030 | 174000 | 178091 |

---

**10**

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Description |  | Coupon<br> Rate (%)<br>| Maturity<br> Date<br>| Principal<br> Amount ($)<sup>(a)</sup><br>| Value ($) |
| **Bonds and Notes — 34.2% (continued)** | **Bonds and Notes — 34.2% (continued)** | **Bonds and Notes — 34.2% (continued)** | **Bonds and Notes — 34.2% (continued)** | **Bonds and Notes — 34.2% (continued)** | **Bonds and Notes — 34.2% (continued)** |
| **Materials — .4% (continued)** | **Materials — .4% (continued)** | **Materials — .4% (continued)** | **Materials — .4% (continued)** | **Materials — .4% (continued)** | **Materials — .4% (continued)** |
| &nbsp;&nbsp;&nbsp; Clydesdale Acquisition <br> Holdings, Inc., Sr. Scd. <br> Notes<sup>(b)</sup> <br>|  | 6.88 | 1/15/2030 | 111000 | 113612 |
| LABL, Inc., Sr. Scd. Notes<sup>(b)</sup> <br>|  | 9.50 | 11/1/2028 | 218000 | 201787 |
| &nbsp;&nbsp;&nbsp; Mauser Packaging Solutions <br> Holding Co., Sr. Scd. <br> Bonds<sup>(b)</sup> <br>|  | 7.88 | 4/15/2027 | 125000 | 127205 |
|  |  |  |  |  | **620695** |
| **Media — 1.5%** | **Media — 1.5%** | **Media — 1.5%** | **Media — 1.5%** | **Media — 1.5%** | **Media — 1.5%** |
| &nbsp;&nbsp;&nbsp; CCO Holdings LLC/CCO <br> Holdings Capital Corp., Sr. <br> Unscd. Notes<sup>(b)</sup> <br>|  | 4.25 | 1/15/2034 | 154000 | 137185 |
| &nbsp;&nbsp;&nbsp; CCO Holdings LLC/CCO <br> Holdings Capital Corp., Sr. <br> Unscd. Notes<br>|  | 4.50 | 5/1/2032 | 242000 | 225512 |
| &nbsp;&nbsp;&nbsp; CCO Holdings LLC/CCO <br> Holdings Capital Corp., Sr. <br> Unscd. Notes<sup>(b)</sup> <br>|  | 5.00 | 2/1/2028 | 137000 | 135832 |
| &nbsp;&nbsp;&nbsp; CCO Holdings LLC/CCO <br> Holdings Capital Corp., Sr. <br> Unscd. Notes<sup>(b)</sup> <br>|  | 5.38 | 6/1/2029 | 121000 | 120642 |
| &nbsp;&nbsp;&nbsp; CSC Holdings LLC, Gtd. <br> Notes<sup>(b)</sup> <br>|  | 11.75 | 1/31/2029 | 889000 | 846133 |
| &nbsp;&nbsp;&nbsp; Gray Media, Inc., Sr. Scd. <br> Notes<sup>(b)</sup> <br>|  | 10.50 | 7/15/2029 | 110000 | 118258 |
| &nbsp;&nbsp;&nbsp; Sinclair Television Group, Inc., <br> Sr. Scd. Bonds<sup>(b)</sup> <br>|  | 8.13 | 2/15/2033 | 200000 | 202217 |
| &nbsp;&nbsp;&nbsp; VZ Secured Financing BV, Sr. <br> Scd. Notes<sup>(b)</sup> <br>| EUR | 3.50 | 1/15/2032 | 380000 | 412243 |
|  |  |  |  |  | **2198022** |
| **Metals & Mining — 1.1%** | **Metals & Mining — 1.1%** | **Metals & Mining — 1.1%** | **Metals & Mining — 1.1%** | **Metals & Mining — 1.1%** | **Metals & Mining — 1.1%** |
| &nbsp;&nbsp;&nbsp; Cleveland-Cliffs, Inc., Gtd. <br> Notes<sup>(b)</sup> <br>|  | 6.88 | 11/1/2029 | 46000 | 45330 |
| &nbsp;&nbsp;&nbsp; Cleveland-Cliffs, Inc., Gtd. <br> Notes<sup>(b)</sup> <br>|  | 7.50 | 9/15/2031 | 64000 | 61779 |
| &nbsp;&nbsp;&nbsp; First Quantum Minerals Ltd., <br> Scd. Notes<sup>(b)</sup> <br>|  | 9.38 | 3/1/2029 | 400000 | 425039 |
| &nbsp;&nbsp;&nbsp; FMG Resources August <br> 2006 Pty Ltd., Gtd. Notes<sup>(b)</sup> <br>|  | 4.38 | 4/1/2031 | 420000 | 392751 |

---

**11**

------

*STATEMENT OF INVESTMENTS (Unaudited) (continued)*

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Description |  | Coupon<br> Rate (%)<br>| Maturity<br> Date<br>| Principal<br> Amount ($)<sup>(a)</sup><br>| Value ($) |
| **Bonds and Notes — 34.2% (continued)** | **Bonds and Notes — 34.2% (continued)** | **Bonds and Notes — 34.2% (continued)** | **Bonds and Notes — 34.2% (continued)** | **Bonds and Notes — 34.2% (continued)** | **Bonds and Notes — 34.2% (continued)** |
| **Metals & Mining — 1.1% (continued)** | **Metals & Mining — 1.1% (continued)** | **Metals & Mining — 1.1% (continued)** | **Metals & Mining — 1.1% (continued)** | **Metals & Mining — 1.1% (continued)** | **Metals & Mining — 1.1% (continued)** |
| &nbsp;&nbsp;&nbsp; Samarco Mineracao SA, Sr. <br> Unscd. Notes<sup>(d)</sup> <br>|  | 9.50 | 6/30/2031 | 521843 | 513327 |
| &nbsp;&nbsp;&nbsp; Taseko Mines Ltd., Sr. Scd. <br> Notes<sup>(b)</sup> <br>|  | 8.25 | 5/1/2030 | 99000 | 103764 |
|  |  |  |  |  | **1541990** |
| **Real Estate — 1.4%** | **Real Estate — 1.4%** | **Real Estate — 1.4%** | **Real Estate — 1.4%** | **Real Estate — 1.4%** | **Real Estate — 1.4%** |
| Emeria SASU, Sr. Scd. Bonds<sup>(b)</sup> <br>| EUR | 7.75 | 3/31/2028 | 970000 | 1065016 |
| &nbsp;&nbsp;&nbsp; Rithm Capital Corp., Sr. Unscd. <br> Notes<sup>(b)</sup> <br>|  | 8.00 | 4/1/2029 | 276000 | 279054 |
| &nbsp;&nbsp;&nbsp; Rithm Capital Corp., Sr. Unscd. <br> Notes<sup>(b)</sup> <br>|  | 8.00 | 7/15/2030 | 87000 | 87502 |
| &nbsp;&nbsp;&nbsp; RLJ Lodging Trust LP, Sr. Scd. <br> Notes<sup>(b)</sup> <br>|  | 4.00 | 9/15/2029 | 165000 | 154086 |
| &nbsp;&nbsp;&nbsp; Starwood Property Trust, Inc., <br> Sr. Unscd. Notes<sup>(b)</sup> <br>|  | 4.38 | 1/15/2027 | 62000 | 61465 |
| &nbsp;&nbsp;&nbsp; Starwood Property Trust, Inc., <br> Sr. Unscd. Notes<sup>(b)</sup> <br>|  | 7.25 | 4/1/2029 | 159000 | 167438 |
| &nbsp;&nbsp;&nbsp; Uniti Group LP/Uniti Fiber <br> Holdings, Inc./CSL Capital <br> LLC, Gtd. Notes<sup>(b)</sup> <br>|  | 6.00 | 1/15/2030 | 119000 | 111605 |
| &nbsp;&nbsp;&nbsp; Uniti Group LP/Uniti Group <br> Finance 2019, Inc./CSL <br> Capital LLC, Gtd. Notes<sup>(b)</sup> <br>|  | 8.63 | 6/15/2032 | 90000 | 90991 |
|  |  |  |  |  | **2017157** |
| **Retailing — 1.6%** | **Retailing — 1.6%** | **Retailing — 1.6%** | **Retailing — 1.6%** | **Retailing — 1.6%** | **Retailing — 1.6%** |
| &nbsp;&nbsp;&nbsp; Agrifarma SpA, Sr. Scd. <br> Bonds<sup>(b)</sup> <br>| EUR | 4.50 | 10/31/2028 | 354000 | 418034 |
| &nbsp;&nbsp;&nbsp; Carvana Co., Sr. Scd. <br> Notes<sup>(b),(d)</sup> <br>|  | 9.00 | 6/1/2030 | 51165 | 53839 |
| &nbsp;&nbsp;&nbsp; Carvana Co., Sr. Scd. <br> Notes<sup>(b),(d)</sup> <br>|  | 9.00 | 6/1/2031 | 160000 | 189703 |
| &nbsp;&nbsp;&nbsp; Fertitta Entertainment <br> LLC/Fertitta Entertainment <br> Finance Co., Inc., Gtd. <br> Notes<sup>(b)</sup> <br>|  | 6.75 | 1/15/2030 | 249000 | 229978 |
| &nbsp;&nbsp;&nbsp; Fertitta Entertainment <br> LLC/Fertitta Entertainment <br> Finance Co., Inc., Sr. Scd. <br> Notes<sup>(b)</sup> <br>|  | 4.63 | 1/15/2029 | 159000 | 152392 |
| &nbsp;&nbsp;&nbsp; Foundation Building <br> Materials, Inc., Gtd. Notes<sup>(b)</sup> <br>|  | 6.00 | 3/1/2029 | 333000 | 305719 |

---

**12**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| Description | Coupon<br> Rate (%)<br>| Maturity<br> Date<br>| Principal<br> Amount ($)<sup>(a)</sup><br>| Value ($) |
| **Bonds and Notes — 34.2% (continued)** | **Bonds and Notes — 34.2% (continued)** | **Bonds and Notes — 34.2% (continued)** | **Bonds and Notes — 34.2% (continued)** | **Bonds and Notes — 34.2% (continued)** |
| **Retailing — 1.6% (continued)** | **Retailing — 1.6% (continued)** | **Retailing — 1.6% (continued)** | **Retailing — 1.6% (continued)** | **Retailing — 1.6% (continued)** |
| &nbsp;&nbsp;&nbsp; PetSmart, Inc./PetSmart <br> Finance Corp., Sr. Scd. <br> Notes<sup>(b)</sup> <br>| 4.75 | 2/15/2028 | 250000 | 244004 |
| &nbsp;&nbsp;&nbsp; QXO Building Products, Inc., <br> Sr. Scd. Bonds<sup>(b)</sup> <br>| 6.75 | 4/30/2032 | 123000 | 127022 |
| &nbsp;&nbsp;&nbsp; Specialty Building Products <br> Holdings LLC/SBP Finance <br> Corp., Sr. Scd. Notes<sup>(b)</sup> <br>| 7.75 | 10/15/2029 | 96000 | 94429 |
| Staples, Inc., Sr. Scd. Notes<sup>(b)</sup> <br>| 10.75 | 9/1/2029 | 189000 | 179819 |
| &nbsp;&nbsp;&nbsp; Walgreens Boots Alliance, Inc., <br> Sr. Unscd. Notes<br>| 4.80 | 11/18/2044 | 136000 | 130004 |
| &nbsp;&nbsp;&nbsp; White Cap Buyer LLC, Sr. <br> Unscd. Notes<sup>(b)</sup> <br>| 6.88 | 10/15/2028 | 145000 | 144890 |
|  |  |  |  | **2269833** |
| **Technology Hardware & Equipment — .1%** | **Technology Hardware & Equipment — .1%** | **Technology Hardware & Equipment — .1%** | **Technology Hardware & Equipment — .1%** | **Technology Hardware & Equipment — .1%** |
| &nbsp;&nbsp;&nbsp; Virtusa Corp., Sr. Unscd. <br> Notes<sup>(b)</sup> <br>| 7.13 | 12/15/2028 | 233000 | **222265** |
| **Telecommunication Services — 2.4%** | **Telecommunication Services — 2.4%** | **Telecommunication Services — 2.4%** | **Telecommunication Services — 2.4%** | **Telecommunication Services — 2.4%** |
| &nbsp;&nbsp;&nbsp; Altice France SA, Sr. Scd. <br> Notes<sup>(b)</sup> <br>| 8.13 | 2/1/2027 | 448000 | 403538 |
| &nbsp;&nbsp;&nbsp; CommScope LLC, Sr. Scd. <br> Notes<sup>(b)</sup> <br>| 9.50 | 12/15/2031 | 134000 | 140425 |
| &nbsp;&nbsp;&nbsp; CommScope Technologies <br> LLC, Gtd. Notes<sup>(b)</sup> <br>| 5.00 | 3/15/2027 | 54000 | 52642 |
| &nbsp;&nbsp;&nbsp; Consolidated <br> Communications, Inc., Sr. <br> Scd. Notes<sup>(b)</sup> <br>| 6.50 | 10/1/2028 | 327000 | 333633 |
| Fibercop SpA, Sr. Scd. Notes<sup>(b)</sup> <br>| 7.72 | 6/4/2038 | 255000 | 253723 |
| &nbsp;&nbsp;&nbsp; Iliad Holding SASU, Sr. Scd. <br> Notes<sup>(b)</sup> <br>| 7.00 | 4/15/2032 | 200000 | 205166 |
| &nbsp;&nbsp;&nbsp; Iliad Holding SASU, Sr. Scd. <br> Notes<sup>(b)</sup> <br>| 8.50 | 4/15/2031 | 236000 | 252644 |
| &nbsp;&nbsp;&nbsp; Level 3 Financing, Inc., Gtd. <br> Notes<sup>(b)</sup> <br>| 3.75 | 7/15/2029 | 65000 | 55006 |
| &nbsp;&nbsp;&nbsp; Level 3 Financing, Inc., Scd. <br> Notes<sup>(b)</sup> <br>| 10.00 | 10/15/2032 | 145000 | 146694 |
| &nbsp;&nbsp;&nbsp; Level 3 Financing, Inc., Sr. Scd. <br> Bonds<sup>(b)</sup> <br>| 6.88 | 6/30/2033 | 118000 | 120153 |
| &nbsp;&nbsp;&nbsp; Level 3 Financing, Inc., Sr. Scd. <br> Notes<sup>(b)</sup> <br>| 10.75 | 12/15/2030 | 45000 | 51131 |

---

**13**

------

*STATEMENT OF INVESTMENTS (Unaudited) (continued)*

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Description |  | Coupon<br> Rate (%)<br>| Maturity<br> Date<br>| Principal<br> Amount ($)<sup>(a)</sup><br>| Value ($) |
| **Bonds and Notes — 34.2% (continued)** | **Bonds and Notes — 34.2% (continued)** | **Bonds and Notes — 34.2% (continued)** | **Bonds and Notes — 34.2% (continued)** | **Bonds and Notes — 34.2% (continued)** | **Bonds and Notes — 34.2% (continued)** |
| **Telecommunication Services — 2.4% (continued)** | **Telecommunication Services — 2.4% (continued)** | **Telecommunication Services — 2.4% (continued)** | **Telecommunication Services — 2.4% (continued)** | **Telecommunication Services — 2.4% (continued)** | **Telecommunication Services — 2.4% (continued)** |
| &nbsp;&nbsp;&nbsp; Lumen Technologies, Inc., Sr. <br> Scd. Notes<sup>(b)</sup> <br>|  | 4.13 | 4/15/2029 | 190825 | 186293 |
| &nbsp;&nbsp;&nbsp; Lumen Technologies, Inc., Sr. <br> Scd. Notes<sup>(b)</sup> <br>|  | 10.00 | 10/15/2032 | 108000 | 110430 |
| &nbsp;&nbsp;&nbsp; Lumen Technologies, Inc., Sr. <br> Unscd. Bonds, Ser. P<br>|  | 7.60 | 9/15/2039 | 178000 | 152072 |
| &nbsp;&nbsp;&nbsp; Lumen Technologies, Inc., Sr. <br> Unscd. Notes<sup>(b)</sup> <br>|  | 5.38 | 6/15/2029 | 126000 | 112995 |
| &nbsp;&nbsp;&nbsp; PLT VII Finance Sarl, Sr. Scd. <br> Bonds, (3 Month EURIBOR <br> +3.50%)<sup>(b),(e)</sup> <br>| EUR | 5.48 | 6/15/2031 | 220000 | 259797 |
| &nbsp;&nbsp;&nbsp; Vmed O2 UK Financing I PLC, <br> Sr. Scd. Bonds<sup>(b)</sup> <br>| GBP | 4.50 | 7/15/2031 | 320000 | 394640 |
| &nbsp;&nbsp;&nbsp; Windstream Services <br> LLC/Windstream Escrow <br> Finance Corp., Sr. Scd. <br> Notes<sup>(b)</sup> <br>|  | 8.25 | 10/1/2031 | 224000 | 234784 |
|  |  |  |  |  | **3465766** |
| **Transportation — .5%** | **Transportation — .5%** | **Transportation — .5%** | **Transportation — .5%** | **Transportation — .5%** | **Transportation — .5%** |
| &nbsp;&nbsp;&nbsp; Beacon Mobility Corp., Sr. Scd. <br> Notes<sup>(b)</sup> <br>|  | 7.25 | 8/1/2030 | 137000 | 139989 |
| &nbsp;&nbsp;&nbsp; Edge Finco PLC, Sr. Scd. <br> Notes<sup>(b)</sup> <br>| GBP | 8.13 | 8/15/2031 | 100000 | 143229 |
| &nbsp;&nbsp;&nbsp; SGL Group ApS, Sr. Scd. Bonds, <br> (3 Month EURIBOR <br> +4.25%)<sup>(e)</sup> <br>| EUR | 6.30 | 2/24/2031 | 190000 | 223127 |
| &nbsp;&nbsp;&nbsp; Stonepeak Nile Parent LLC, Sr. <br> Scd. Notes<sup>(b)</sup> <br>|  | 7.25 | 3/15/2032 | 149000 | 158045 |
|  |  |  |  |  | **664390** |
| **Utilities — .8%** | **Utilities — .8%** | **Utilities — .8%** | **Utilities — .8%** | **Utilities — .8%** | **Utilities — .8%** |
| &nbsp;&nbsp;&nbsp; California Buyer Ltd./Atlantica <br> Sustainable Infrastructure <br> PLC, Sr. Unscd. Notes<sup>(b)</sup> <br>|  | 6.38 | 2/15/2032 | 210000 | 210529 |
| &nbsp;&nbsp;&nbsp; ContourGlobal Power <br> Holdings SA, Sr. Scd. <br> Bonds<sup>(b)</sup> <br>| EUR | 5.00 | 2/28/2030 | 100000 | 119034 |
| &nbsp;&nbsp;&nbsp; ContourGlobal Power <br> Holdings SA, Sr. Scd. <br> Bonds<sup>(b)</sup> <br>|  | 6.75 | 2/28/2030 | 200000 | 206322 |
| NRG Energy, Inc., Gtd. Notes<sup>(b)</sup> <br>|  | 6.25 | 11/1/2034 | 122000 | 124376 |

---

**14**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| Description | Coupon<br> Rate (%)<br>| Maturity<br> Date<br>| Principal<br> Amount ($)<sup>(a)</sup><br>| Value ($) |
| **Bonds and Notes — 34.2% (continued)** | **Bonds and Notes — 34.2% (continued)** | **Bonds and Notes — 34.2% (continued)** | **Bonds and Notes — 34.2% (continued)** | **Bonds and Notes — 34.2% (continued)** |
| **Utilities — .8% (continued)** | **Utilities — .8% (continued)** | **Utilities — .8% (continued)** | **Utilities — .8% (continued)** | **Utilities — .8% (continued)** |
| &nbsp;&nbsp;&nbsp; NRG Energy, Inc., Jr. Sub. <br> Bonds<sup>(b),(c)</sup> <br>| 10.25 | 3/15/2028 | 90000 | 99996 |
| PG&E Corp., Sr. Scd. Notes | 5.25 | 7/1/2030 | 128000 | 122018 |
| &nbsp;&nbsp;&nbsp; Vistra Operations Co. LLC, Gtd. <br> Notes<sup>(b)</sup> <br>| 6.88 | 4/15/2032 | 150000 | 156920 |
| &nbsp;&nbsp;&nbsp; XPLR Infrastructure Operating <br> Partners LP, Gtd. Notes<sup>(b)</sup> <br>| 8.38 | 1/15/2031 | 116000 | 123991 |
| &nbsp;&nbsp;&nbsp; XPLR Infrastructure Operating <br> Partners LP, Gtd. Notes<sup>(b)</sup> <br>| 8.63 | 3/15/2033 | 46000 | 49337 |
|  |  |  |  | **1212523** |
| &nbsp;&nbsp;&nbsp; **Total Bonds and Notes** <br>(cost $46,521,682)<br>|  |  |  | **48696382** |
| **Convertible Bonds and Notes — .3%** | **Convertible Bonds and Notes — .3%** | **Convertible Bonds and Notes — .3%** | **Convertible Bonds and Notes — .3%** | **Convertible Bonds and Notes — .3%** |
| **Diversified Financials — .2%** | **Diversified Financials — .2%** | **Diversified Financials — .2%** | **Diversified Financials — .2%** | **Diversified Financials — .2%** |
| &nbsp;&nbsp;&nbsp; Riot Platforms, Inc., Sr. Unscd. <br> Notes<sup>(b)</sup> <br>| 0.75 | 1/15/2030 | 281000 | **292240** |
| **Utilities — .1%** | **Utilities — .1%** | **Utilities — .1%** | **Utilities — .1%** | **Utilities — .1%** |
| PG&E Corp., Sr. Scd. Notes | 4.25 | 12/1/2027 | 102000 | **101470** |
| &nbsp;&nbsp;&nbsp; **Total Convertible Bonds and** <br> **Notes** <br>(cost $319,594)<br>|  |  |  | **393710** |

---

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

---

| | | |
|:---|:---|:---|
|  | Shares |  |
| **Exchange-Traded Funds — 6.0%** | **Exchange-Traded Funds — 6.0%** | **Exchange-Traded Funds — 6.0%** |
| **Registered Investment Companies — 6.0%** | **Registered Investment Companies — 6.0%** | **Registered Investment Companies — 6.0%** |
| Invesco Senior Loan ETF | 95626 | 2000496 |
| iShares 10+ Year Investment Grade Corporate Bond ETF | 2310 | 115985 |
| iShares 1-5 Year Investment Grade Corporate Bond ETF | 9090 | 479588 |
| iShares 5-10 Year Investment Grade Corporate Bond ETF | 9020 | 480676 |
| iShares iBoxx $ High Yield Corporate Bond ETF | 5860 | 472609 |
| iShares iBoxx $ Investment Grade Corporate Bond ETF | 4300 | 471323 |
| Janus Henderson B-BBB CLO ETF | 41344 | 1993194 |

---

**15**

------

*STATEMENT OF INVESTMENTS (Unaudited) (continued)*

------

---

| | | |
|:---|:---|:---|
| Description | Shares | Value ($) |
| **Exchange-Traded Funds — 6.0% (continued)** | **Exchange-Traded Funds — 6.0% (continued)** | **Exchange-Traded Funds — 6.0% (continued)** |
| **Registered Investment Companies — 6.0% (continued)** | **Registered Investment Companies — 6.0% (continued)** | **Registered Investment Companies — 6.0% (continued)** |
| SPDR Blackstone Senior Loan ETF | 48520 | 2017947 |
| SPDR Bloomberg High Yield Bond ETF | 4860 | 472732 |
| &nbsp;&nbsp;&nbsp; **Total Exchange-Traded Funds** <br>(cost $8,435,545)<br>|  | **8504550** |

---

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Coupon <br>Rate (%)<br>| Maturity <br>Date<br>| Principal <br>Amount ($)<br>|  |
| **Floating Rate Loan Interests — .7%** | **Floating Rate Loan Interests — .7%** | **Floating Rate Loan Interests — .7%** | **Floating Rate Loan Interests — .7%** | **Floating Rate Loan Interests — .7%** |
| **Consumer Discretionary — .4%** | **Consumer Discretionary — .4%** | **Consumer Discretionary — .4%** |  |  |
| &nbsp;&nbsp;&nbsp; Crown Finance US, Inc., Initial <br> Term Loan, (1 Month TSFR <br> +5.25%)<sup>(e)</sup> <br>| 9.57 | 12/2/2031 | 508445 | **508953** |
| **Health Care — .0%** | **Health Care — .0%** | **Health Care — .0%** |  |  |
| &nbsp;&nbsp;&nbsp; Alvogen Pharma US, Inc., Second <br> Lien Term Loan, (3 Month TSFR <br> +10.50%)<sup>(e)</sup> <br>| 14.80 | 3/1/2029 | 68699 | **23873** |
| **Information Technology — .1%** | **Information Technology — .1%** | **Information Technology — .1%** |  |  |
| &nbsp;&nbsp;&nbsp; HS Purchaser LLC, First Lien 7th <br> Amendment Refinancing Term <br> Loan, (3 Month TSFR +4.10%)<sup>(e)</sup> <br>| 8.38 | 11/30/2026 | 187457 | **179075** |
| **Telecommunication Services — .2%** | **Telecommunication Services — .2%** | **Telecommunication Services — .2%** |  |  |
| &nbsp;&nbsp;&nbsp; Zayo Group Holdings, Inc., Initial <br> Dollar Term Loan, (1 Month <br> TSFR +3.11%)<sup>(e)</sup> <br>| 7.44 | 3/9/2027 | 239553 | **228485** |
| **Total Floating Rate Loan Interests** <br>(cost $966,749) |  |  |  | **940386** |

---

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

---

| | | | |
|:---|:---|:---|:---|
|  | 1-Day <br>Yield (%)<br>| Shares |  |
| **Investment Companies — 30.2%** | **Investment Companies — 30.2%** | **Investment Companies — 30.2%** | **Investment Companies — 30.2%** |
| **Registered Investment Companies — 30.2%** | **Registered Investment Companies — 30.2%** | **Registered Investment Companies — 30.2%** | **Registered Investment Companies — 30.2%** |
| &nbsp;&nbsp;&nbsp; Dreyfus Institutional Preferred Government <br> Plus Money Market Fund, Institutional <br> Shares<sup>(f)</sup> <br>(cost $42,935,498)<br>| 4.47 | 42935498 | **42935498** |
| **Total Investments** (cost $99,179,068) | **Total Investments** (cost $99,179,068) | **71.4%** | **101470526** |
| **Cash and Receivables (Net)** | **Cash and Receivables (Net)** | **28.6%** | **40670045** |
| **Net Assets**  | **Net Assets**  | **100.0%** | **142140571** |

---

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

---

| |
|:---|
| *ETF—Exchange-Traded Fund* |
| *EUR—Euro* |
| *EURIBOR—Euro Interbank Offered Rate* |
| *GBP—British Pound* |
| *SPDR—Standard & Poor's Depository Receipt* |

---

**16**

------

*TSFR—Term Secured Overnight Financing Rate Reference Rates*<br>

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

<sup>(a)</sup> *Amount stated in U.S. Dollars unless otherwise noted above.*

<sup>(b)</sup> *Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933. These securities* *may be resold in transactions exempt from registration, normally to qualified institutional buyers. At* *June 30, 2025, these securities amounted to $45,822,856 or 32.2% of net assets.* 

<sup>(c)</sup> *Security is a perpetual bond with no specified maturity date. Maturity date shown is next reset date of the* *bond.* 

<sup>(d)</sup> *Payment-in-kind security and interest may be paid in additional par.*

<sup>(e)</sup> *Variable rate security—Interest rate resets periodically and the rate shown is the interest rate in effect at* *period end. Security description also includes the reference rate and spread if published and available.* 

<sup>(f)</sup> *Investment in affiliated issuer. The investment objective of this investment company is publicly available* *and can be found within the investment company's prospectus.* 

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

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **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** |
| Counterparty/ <br>Purchased <br>Currency<br>| Purchased <br>Currency <br>Amounts<br>| Currency <br>Sold<br>| Sold <br>Currency <br>Amounts<br>| Settlement <br>Date<br>| Unrealized <br>Appreciation <br>(Depreciation) ($)<br>|
| **Goldman Sachs & Co. LLC** | **Goldman Sachs & Co. LLC** | **Goldman Sachs & Co. LLC** | **Goldman Sachs & Co. LLC** | **Goldman Sachs & Co. LLC** | **Goldman Sachs & Co. LLC** |
| &nbsp;&nbsp;&nbsp; United States <br>Dollar<br>| 55546018 | Euro | 48355000 | 7/24/2025 | (1509391) |
| &nbsp;&nbsp;&nbsp; United States <br>Dollar<br>| 2477455 | Euro | 2145000 | 7/24/2025 | (53490) |
| &nbsp;&nbsp;&nbsp; United States <br>Dollar<br>| 4596351 | British Pound | 3435000 | 7/24/2025 | (119230) |
| Euro | 5000000 | United States <br>Dollar<br>| 5859713 | 7/24/2025 | 39926 |
| Euro | 2700000 | United States <br>Dollar<br>| 3173368 | 7/24/2025 | 12437 |
| Euro | 2500000 | United States <br>Dollar<br>| 2936025 | 7/24/2025 | 13794 |
| Euro | 3500000 | United States <br>Dollar<br>| 4066681 | 7/24/2025 | 63066 |
| **Gross Unrealized Appreciation** | **Gross Unrealized Appreciation** | **Gross Unrealized Appreciation** | **Gross Unrealized Appreciation** | **Gross Unrealized Appreciation** | **129223** |
| **Gross Unrealized Depreciation** | **Gross Unrealized Depreciation** | **Gross Unrealized Depreciation** | **Gross Unrealized Depreciation** | **Gross Unrealized Depreciation** | **(1682111)** |

---

*See notes to statement of investments.*

**17**

------

Statement of Investments

BNY Mellon Alcentra Global Multi-Strategy Credit Fund, Inc.

June 30, 2025 (Unaudited)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>The following is a summary of the inputs used as of June 30, 2025 in valuing the fund's investments:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Level 1 -** <br>**Unadjusted** <br>**Quoted Prices**<br>| **Level 2- Other** <br>**Significant** <br>**Observable Inputs**<br>| **Level 3-** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>| **Total** |
| **Assets ($)** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Investments in <br> Securities:<sup>†</sup> <br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Collateralized Loan <br> Obligations<br>|  | 4361586 |  | **4361586** |
| Convertible <br> Corporate Bonds and <br> Notes<br>|  | 393710 |  | **393710** |
| &nbsp;&nbsp;&nbsp; Corporate Bonds and <br> Notes<br>|  | 44334796 |  | **44334796** |
| &nbsp;&nbsp;&nbsp; Exchange-Traded <br> Funds<br>| 8504550 |  |  | **8504550** |
| &nbsp;&nbsp;&nbsp; Floating Rate Loan <br> Interests<br>|  | 940386 |  | **940386** |
| &nbsp;&nbsp;&nbsp; Investment <br> Companies<br>| 42935498 |  |  | **42935498** |
|  | **51440048** | **50030478** | **—** | **101470526** |
| &nbsp;&nbsp;&nbsp; Other Financial <br> Instruments:<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Forward Foreign <br> Currency Exchange <br> Contracts<sup>††</sup> <br>|  | 129223 |  | **129223** |
|  | **—** | **129223** | **—** | **129223** |
| **Liabilities ($)** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Other Financial <br> Instruments:<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Forward Foreign <br> Currency Exchange <br> Contracts<sup>††</sup> <br>|  | (1682111) |  | **(1682111)** |
|  | **—** | **(1682111)** | **—** | **(1682111)** |

---

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

---

| | |
|:---|:---|
| <sup>†</sup> <br>| *See Statement of Investments for additional detailed categorizations, if any.* |
| <sup>††</sup> <br>| *Amount shown represents unrealized appreciation (depreciation) at period end, but only variation margin* <br> *on exchange-traded and centrally cleared derivatives, if any, are reported in the Statement of Assets and* <br> *Liabilities.*<br>|

---

**18**

------

The Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC") is the exclusive reference of authoritative U.S. generally accepted accounting principles ("GAAP") recognized by the FASB to be applied by nongovernmental entities. Rules and interpretive releases of the Securities and Exchange Commission ("SEC") under authority of federal laws are also sources of authoritative GAAP for SEC registrants. The fund is an investment company and applies the accounting and reporting guidance of the FASB ASC Topic 946 Financial Services-Investment Companies. The fund's financial statements are prepared in accordance with GAAP, which may require the use of management estimates and assumptions. Actual results could differ from those estimates.

The fair value of a financial instrument is the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (i.e., the exit price). GAAP establishes a fair value hierarchy that prioritizes the inputs of valuation techniques used to measure fair value. This hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements).

Additionally, GAAP provides guidance on determining whether the volume and activity in a market has decreased significantly and whether such a decrease in activity results in transactions that are not orderly. GAAP requires enhanced disclosures around valuation inputs and techniques used during annual and interim periods.

Various inputs are used in determining the value of the fund's investments relating to fair value measurements. These inputs are summarized in the three broad levels listed below:

**Level 1**—unadjusted quoted prices in active markets for identical investments.

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

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

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

Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. Valuation techniques used to value the fund's investments are as follows:

The fund's Board of Directors (the "Board") has designated the Adviser as the fund's valuation designee to make all fair value determinations with respect to the fund's portfolio investments, subject to the Board's oversight and pursuant to Rule 2a-5 under the Act.

Investments in debt securities and floating rate loan interests, excluding short-term investments (other than U.S. Treasury Bills) and forward foreign currency exchange

**19**

------

contracts ("forward contracts"), are valued each business day by one or more independent pricing services (each, a "Service") approved by the Board. Investments for which quoted bid prices are readily available and are representative of the bid side of the market in the judgment of a Service are valued at the mean between the quoted bid prices (as obtained by a Service from dealers in such securities) and asked prices (as calculated by a Service based upon its evaluation of the market for such securities). Securities are valued as determined by a Service, based on methods which include consideration of the following: yields or prices of securities of comparable quality, coupon, maturity and type; indications as to values from dealers; and general market conditions. The Services are engaged under the general supervision of the Board. These securities are generally categorized within Level 2 of the fair value hierarchy.

Investments in exchange-traded funds are valued at the last sales price on the securities exchange or national securities market on which such securities are primarily traded. Securities listed on the National Market System for which market quotations are available are valued at the official closing price or, if there is no official closing price that day, at the last sales price. For open short positions, asked prices are used for valuation purposes. Bid price is used when no asked price is available. Registered investment companies that are not traded on an exchange are valued at their net asset value. All of the preceding securities are generally categorized within Level 1 of the fair value hierarchy.

Securities not listed on an exchange or the national securities market, or securities for which there were no transactions, are valued at the average of the most recent bid and asked prices. These securities are generally categorized within Level 2 of the fair value hierarchy.

Fair valuing of securities may be determined with the assistance of a Service using calculations based on indices of domestic securities and other appropriate indicators, such as prices of relevant American Depositary Receipts and futures. Utilizing these techniques may result in transfers between Level 1 and Level 2 of the fair value hierarchy.

When market quotations or official closing prices are not readily available, or are determined not to accurately reflect fair value, such as when the value of a security has been significantly affected by events after the close of the exchange or market on which the security is principally traded, but before the fund calculates its net asset value, the fund may value these investments at fair value as determined in accordance with the procedures approved by the Board. Certain factors may be considered when fair valuing investments such as: fundamental analytical data, the nature and duration of restrictions on disposition, an evaluation of the forces that influence the market in which the securities are purchased and sold, and public trading in similar securities of the issuer or comparable issuers. Certain of the fund's investments will be fair valued in accordance with valuation procedures approved by the Board. Those portfolio valuations will be based on unobservable inputs and certain assumptions about how market participants would price

**20**

------

the instrument. The fund expects that inputs into the determination of fair value of those investments will require significant management judgment or estimation. Because valuations may fluctuate over short periods of time and may be based on estimates, fair value determinations may differ materially from the value received in an actual transaction. Additionally, valuations of private securities and private companies are inherently uncertain. The fund's net asset value could be adversely affected if the fund's determinations regarding the fair value of those investments were materially higher or lower than the values that it ultimately realizes upon the disposal of such investments. These securities are either categorized within Level 2 or 3 of the fair value hierarchy depending on the relevant inputs used.

For securities where observable inputs are limited, assumptions about market activity and risk are used and such securities are generally categorized within Level 3 of the fair value hierarchy.

Investments denominated in foreign currencies are translated to U.S. dollars at the prevailing rates of exchange.

Forward contracts are valued at the forward rate and are generally categorized within Level 2 of the fair value hierarchy.

**Floating Rate Loan Interests:** Floating rate instruments are loans and other securities with interest rates that adjust or "float" periodically. Floating rate loans are made by banks and other financial institutions to their corporate clients. The rates of interest on the loans adjust periodically by reference to a base lending rate, plus a premium or credit spread. Floating rate loans reset on periodic set dates, typically 30 to 90 days, but not to exceed one year. The fund may invest in multiple series or tranches of a loan. A different series or tranche may have varying terms and carry different associated risks.

**Derivatives:** A derivative is a financial instrument whose performance is derived from the performance of another asset. Each type of derivative instrument that was held by the fund at June 30, 2025 is discussed below.

**Forward Foreign Currency Exchange Contracts**: The fund enters into forward contracts in order to hedge its exposure to changes in foreign currency exchange rates on its foreign portfolio holdings, to settle foreign currency transactions or as a part of its investment strategy. When executing forward contracts, the fund is obligated to buy or sell a foreign currency at a specified rate on a certain date in the future. With respect to sales of forward contracts, the fund incurs a loss if the value of the contract increases between the date the forward contract is opened and the date the forward contract is closed. The fund realizes a gain if the value of the contract decreases between those dates. With respect to purchases of forward contracts, the fund incurs a loss if the value of the contract decreases between the date the forward contract is opened and the date the forward contract is closed. The fund realizes a gain if the value of the contract increases between those dates. Any realized or

**21**

------

unrealized gains or losses which occurred during the period are reflected in the Statement of Operations. The fund is exposed to foreign currency risk as a result of changes in value of underlying financial instruments. The fund is also exposed to credit risk associated with counterparty non-performance on these forward contracts, which is generally limited to the unrealized gain on each open contract. This risk may be mitigated by Master Agreements, if any, between the fund and the counterparty and the posting of collateral, if any, by the counterparty to the fund to cover the fund's exposure to the counterparty. Forward contracts open at June 30, 2025 are set forth in the Statement of Investments.

At June 30, 2025, accumulated net unrealized appreciation on investments inclusive of derivative contracts was $738,570, consisting of $2,699,102 gross unrealized appreciation and $1,960,532 gross unrealized depreciation.

At June 30, 2025, the cost of investments for federal income tax purposes was substantially the same as the cost for financial reporting purposes (see the Statement of Investments).

Additional investment related disclosures are hereby incorporated by reference to the annual and semi-annual reports previously filed with the SEC on Form N-CSR.

**22**

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** BNY Mellon Alcentra Global Multi-Strategy Credit Fund, Inc.

- **b. Investment Company Act file number:** 811-23330

- **c. CIK number of Registrant:** 0001729678

- **d. LEI of Registrant:** 549300JPYXJSTONI5F35

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

  - **Street Address 1:** 240 Greenwich Street

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10286

  - **Telephone number:** 212-922-6400

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

- **a. Name of Series:** BNY Mellon Alcentra Global Multi-Strategy Credit Fund, Inc.

- **c. LEI of Series:** 549300JPYXJSTONI5F35

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

- **a. Date of fiscal year-end:** 2026-03-31

- **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:** $146273442.94

**Total Liabilities:** $4356605.07

**Net Assets:** $141916837.87

**Delayed Delivery Securities:** $1133681.06

**Cash Not Reported:** $8823084.24

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 6.87577000 | **1-Year:** 92.62449000 | **5-Year:** 262.78780000 | **10-Year:** 41.72787000 | **30-Year:** 0.00000000

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

- **3-Month:** 88.30014000 | **1-Year:** 5479.70652000 | **5-Year:** 8159.50952000 | **10-Year:** 564.28557000 | **30-Year:** 25.55458000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000000000 | -1.40%               | -1.32%               | -1.32%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-163761.05              | $2041330.70                                |
| Month 2  | $1109077.50              | $981455.23                                 |
| Month 3  | $-1211903.12             | $2515736.88                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| RAIN CARBON INC                                       | Rain Carbon Inc                                                                  | CUSIP: 75079LAB7<br>LEI: 25490038N6JQH7QXUK52 | Long             | DBT              | CORP              | US        |    142000 | PA      | $152465.54    | 0.11%             | 2029-09-01      | Fixed         | 12.25%                | No            |                  2 | On Loan: No      |
| ACRISURE LLC / FIN INC                                | Acrisure LLC / Acrisure Finance Inc                                              | CUSIP: 004961AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    228000 | PA      | $231430.94    | 0.16%             | 2032-07-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| GRAFTECH FINANCE INC                                  | GrafTech Finance Inc                                                             | CUSIP: 384311AC0<br>LEI: 1Z010BU876CF2HDBIN43 | Long             | DBT              | CORP              | US        |    195000 | PA      | $134550.00    | 0.09%             | 2029-12-23      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| ATHENAHEALTH GROUP INC                                | AthenaHealth Group Inc                                                           | CUSIP: 60337JAA4<br>LEI: 254900AA3KZN4Q7A5Z33 | Long             | DBT              | CORP              | US        |    643000 | PA      | $633493.57    | 0.45%             | 2030-02-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| REWORLD HOLDING CORP                                  | Reworld Holding Corp                                                             | CUSIP: 22282EAJ1<br>LEI: 40XIFLS8XDQGGHGPGC04 | Long             | DBT              | CORP              | US        |    223000 | PA      | $211251.33    | 0.15%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                                | CCO Holdings LLC / CCO Holdings Capital Corp                                     | CUSIP: 1248EPCP6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    154000 | PA      | $137185.05    | 0.10%             | 2034-01-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| VILLA DUTCH BIDCO BV                                  | House of HR Group BV                                                             | CUSIP: 000000000<br>LEI: 724500AWBTX8I880X774 | Long             | DBT              | CORP              | NL        |    220000 | PA      | $258424.30    | 0.18%             | 2029-11-03      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Zayo Group Holdings Inc                               | Zayo Group Holdings Inc                                                          | CUSIP: 98919XAB7<br>LEI: 529900Z6OTS7RT0V0I47 | Long             | LON              | CORP              | US        |    239553 | PA      | $228484.63    | 0.16%             | 2027-03-09      | Floating      | 7.44%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                                | CCO Holdings LLC / CCO Holdings Capital Corp                                     | CUSIP: 1248EPCN1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    242000 | PA      | $225512.01    | 0.16%             | 2032-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| PG&E CORP                                             | PG&E Corp                                                                        | CUSIP: 69331CAJ7<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | DBT              | CORP              | US        |    128000 | PA      | $122018.23    | 0.09%             | 2030-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CLARIOS GLOBAL LP/US FIN                              | Clarios Global LP / Clarios US Finance Co                                        | CUSIP: 18060TAD7<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |     30000 | PA      | $31217.61     | 0.02%             | 2030-02-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| LIFEPOINT HEALTH INC                                  | LifePoint Health Inc                                                             | CUSIP: 53219LAX7<br>LEI: 549300G8ZVHRTBBBSZ90 | Long             | DBT              | CORP              | US        |     71000 | PA      | $73336.97     | 0.05%             | 2032-06-01      | Fixed         | 10.00%                | 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        |    121000 | PA      | $120641.66    | 0.09%             | 2029-06-01      | Fixed         | 5.38%                 | No            |                  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        |     92000 | PA      | $95235.18     | 0.07%             | 2031-01-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| SINCLAIR TELEVISION GROU                              | Sinclair Television Group Inc                                                    | CUSIP: 829259BH2<br>LEI: 549300CQGEN0CH65UD62 | Long             | DBT              | CORP              | US        |    200000 | PA      | $202217.28    | 0.14%             | 2033-02-15      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| GRAY MEDIA INC                                        | Gray Media Inc                                                                   | CUSIP: 389375AM8<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |    110000 | PA      | $118258.25    | 0.08%             | 2029-07-15      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| FIESTA PURCHASER INC                                  | Fiesta Purchaser Inc                                                             | CUSIP: 31659AAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    118000 | PA      | $124804.82    | 0.09%             | 2032-09-15      | Fixed         | 9.62%                 | No            |                  2 | On Loan: No      |
| GULFPORT ENERGY OP CORP                               | Gulfport Energy Operating Corp                                                   | CUSIP: 402635AT3<br>LEI: 549300FJX18IDUFPHD40 | Long             | DBT              | CORP              | US        |    286000 | PA      | $293465.36    | 0.21%             | 2029-09-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS & CO. LLC                               | EUR/USD FORWARD                                                                  | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-1562880.90  | -1.10%            |  |  |  | No            |                  2 | On Loan: No      |
| iShares iBoxx $ Investment Grade Corporate Bond ETF   | iShares iBoxx $ Investment Grade Corporate Bond ETF                              | CUSIP: 464287242<br>LEI: 549300FYCXFXG8POR355 | Long             | EC               | RF                | US        |      4300 | NS      | $471323.00    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| HUSKY INJECTION / TITAN                               | Husky Injection Molding Systems Ltd / Titan Co-Borrower LLC                      | CUSIP: 44805RAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    165000 | PA      | $172721.67    | 0.12%             | 2029-02-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| WINDSTREAM SERVICES/ESCR                              | Windstream Services LLC / Windstream Escrow Finance Corp                         | CUSIP: 97381AAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    224000 | PA      | $234783.58    | 0.17%             | 2031-10-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| CLEVELAND-CLIFFS INC                                  | Cleveland-Cliffs Inc                                                             | CUSIP: 185899AS0<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |     64000 | PA      | $61779.20     | 0.04%             | 2031-09-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| KAPLA HOLDING SAS                                     | Kapla Holding SAS                                                                | CUSIP: 000000000<br>LEI: 894500PJ28XTH66K4X83 | Long             | DBT              | CORP              | FR        |    100000 | PA      | $119361.66    | 0.08%             | 2031-04-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OLYMPUS WTR US HLDG CORP                              | Olympus Water US Holding Corp                                                    | CUSIP: 000000000<br>LEI: 549300YU2GGVCBN3MY89 | Long             | DBT              | CORP              | US        |    230000 | PA      | $285194.58    | 0.20%             | 2028-11-15      | Fixed         | 9.62%                 | No            |                  2 | On Loan: No      |
| COMMSCOPE LLC                                         | CommScope LLC                                                                    | CUSIP: 20338MAA0<br>LEI: 549300Z6K4JXMFE8QY54 | Long             | DBT              | CORP              | US        |    134000 | PA      | $140424.96    | 0.10%             | 2031-12-15      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| UKG INC                                               | UKG Inc                                                                          | CUSIP: 90279XAA0<br>LEI: 529900FKHWSTQ1GXK240 | Long             | DBT              | CORP              | US        |    269000 | PA      | $279275.80    | 0.20%             | 2031-02-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| ENCINO ACQUISITION PARTN                              | Encino Acquisition Partners Holdings LLC                                         | CUSIP: 29254BAA5<br>LEI: 549300BUKUEKT2UE4T49 | Long             | DBT              | CORP              | US        |    210000 | PA      | $215913.18    | 0.15%             | 2028-05-01      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| ELLUCIAN HOLDINGS INC                                 | Ellucian Holdings Inc                                                            | CUSIP: 289178AA3<br>LEI: 549300RP8NIJ7FY7OS79 | Long             | DBT              | CORP              | US        |    101000 | PA      | $103544.59    | 0.07%             | 2029-12-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FREEDOM MORTGAGE CORP                                 | Freedom Mortgage Corp                                                            | CUSIP: 35640YAJ6<br>LEI: 549300LYRWPSYPK6S325 | Long             | DBT              | CORP              | US        |     77000 | PA      | $77191.27     | 0.05%             | 2027-01-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| WR GRACE HOLDING LLC                                  | WR Grace Holdings LLC                                                            | CUSIP: 92943GAA9<br>LEI: 549300WNOVFRGYOAEB12 | Long             | DBT              | CORP              | US        |    212000 | PA      | $192098.74    | 0.14%             | 2029-08-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| GRAFTECH GLOBAL ENTERPRI                              | GrafTech Global Enterprises Inc                                                  | CUSIP: 38431AAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    176000 | PA      | $139920.00    | 0.10%             | 2029-12-23      | Fixed         | 9.88%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                                         | Carnival Corp                                                                    | CUSIP: 143658BX9<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |    155000 | PA      | $158685.44    | 0.11%             | 2033-02-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL CALCASIEU                              | Venture Global Calcasieu Pass LLC                                                | CUSIP: 92328MAC7<br>LEI: 549300GKHS6RS20NLH85 | Long             | DBT              | CORP              | US        |    196000 | PA      | $171560.55    | 0.12%             | 2033-11-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Dryden Euro CLO                                       | Dryden 66 Euro CLO 2018 DAC                                                      | CUSIP: 000000000<br>LEI: 635400TZZMAXCTKN2V81 | Long             | ABS-CBDO         | CORP              | IE        |   2000000 | PA      | $2347256.20   | 1.65%             | 2032-01-18      | Floating      | 7.65%                 | No            |                  2 | On Loan: No      |
| NEPTUNE BIDCO US INC                                  | Neptune Bidco US Inc                                                             | CUSIP: 640695AA0<br>LEI: 549300VG15T3VCYZ4531 | Long             | DBT              | CORP              | US        |    107000 | PA      | $104271.50    | 0.07%             | 2029-04-15      | Fixed         | 9.29%                 | No            |                  2 | On Loan: No      |
| QUIKRETE HOLDINGS INC                                 | Quikrete Holdings Inc                                                            | CUSIP: 74843PAB6<br>LEI: 5493007KIN86DIZWZT22 | Long             | DBT              | CORP              | US        |     34000 | PA      | $35103.33     | 0.02%             | 2033-03-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ITELYUM REGENERATION SPA                              | Itelyum Regeneration Spa                                                         | CUSIP: 000000000<br>LEI: 815600051FBC23AA8A45 | Long             | DBT              | CORP              | IT        |    130000 | PA      | $154739.68    | 0.11%             | 2030-04-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| NIDDA HEALTHCARE HOLDING                              | Nidda Healthcare Holding GmbH                                                    | CUSIP: 000000000<br>LEI: 549300Q89C4WAO6L0L19 | Long             | DBT              | CORP              | DE        |    280000 | PA      | $336877.68    | 0.24%             | 2030-02-21      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| GARFUNKELUX HOLDCO 3 SA                               | Garfunkelux Holdco 3 SA                                                          | CUSIP: 000000000<br>LEI: 2221007QVSNJV7EWBX69 | Long             | DBT              | CORP              | LU        |    455000 | PA      | $459621.47    | 0.32%             | 2025-11-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| ALLIED UNIVERSAL                                      | Allied Universal Holdco LLC / Allied Universal Finance Corp                      | CUSIP: 019576AF4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     90000 | PA      | $91305.36     | 0.06%             | 2030-06-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| LIFEPOINT HEALTH INC                                  | LifePoint Health Inc                                                             | CUSIP: 53219LAV1<br>LEI: 549300G8ZVHRTBBBSZ90 | Long             | DBT              | CORP              | US        |    130000 | PA      | $140784.41    | 0.10%             | 2030-08-15      | Fixed         | 9.88%                 | No            |                  2 | On Loan: No      |
| QXO BUILDING PRODUCTS                                 | QXO Building Products Inc                                                        | CUSIP: 74825NAA5<br>LEI: 549300HDXQWWCBOYXP31 | Long             | DBT              | CORP              | US        |    123000 | PA      | $127022.35    | 0.09%             | 2032-04-30      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CONTOURGLOBAL POWER HLDG                              | ContourGlobal Power Holdings SA                                                  | CUSIP: 21220LAB9<br>LEI: 549300O5AGIFK0PQ1516 | Long             | DBT              | CORP              | LU        |    200000 | PA      | $206322.00    | 0.15%             | 2030-02-28      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ARDONAGH FINCO LTD                                    | Ardonagh Finco Ltd                                                               | CUSIP: 039853AA4<br>LEI: 254900D2T84O1K03BA28 | Long             | DBT              | CORP              | JE        |    239000 | PA      | $250051.12    | 0.18%             | 2031-02-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                         | TransDigm Inc                                                                    | CUSIP: 893647BY2<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |    160000 | PA      | $160545.03    | 0.11%             | 2033-05-31      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| CHEPLAPHARM ARZNEIMITTEL                              | Cheplapharm Arzneimittel GmbH                                                    | CUSIP: 000000000<br>LEI: 529900ONXKBELT7EW052 | Long             | DBT              | CORP              | DE        |    320000 | PA      | $373384.84    | 0.26%             | 2028-01-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| INSULET CORPORATION                                   | Insulet Corp                                                                     | CUSIP: 45784PAL5<br>LEI: 549300TZTYD2PYN92D43 | Long             | DBT              | CORP              | US        |    194000 | PA      | $202398.46    | 0.14%             | 2033-04-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| CLOUD SOFTWARE GRP INC                                | Cloud Software Group Inc                                                         | CUSIP: 18912UAA0<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |     74000 | PA      | $76771.70     | 0.05%             | 2029-09-30      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| BELLIS ACQUISITION CO PL                              | Bellis Acquisition Co PLC                                                        | CUSIP: 000000000<br>LEI: 259400CYE2267UB4A481 | Long             | DBT              | CORP              | GB        |    210000 | PA      | $272222.23    | 0.19%             | 2030-05-14      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| CARVANA CO                                            | Carvana Co                                                                       | CUSIP: 146869AN2<br>LEI: 5493003WEAK2PJ5WS063 | Long             | DBT              | CORP              | US        |     51165 | PA      | $53838.80     | 0.04%             | 2030-06-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| CAMELOT RETURN MERGER SU                              | Camelot Return Merger Sub Inc                                                    | CUSIP: 13323NAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    120000 | PA      | $110757.60    | 0.08%             | 2028-08-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| FIBERCOP SPA                                          | Fibercop SpA                                                                     | CUSIP: 683879AH3<br>LEI: 8156007022402E114A31 | Long             | DBT              | CORP              | IT        |    255000 | PA      | $253723.27    | 0.18%             | 2038-06-04      | Fixed         | 7.72%                 | No            |                  2 | On Loan: No      |
| LUMEN TECHNOLOGIES INC                                | Lumen Technologies Inc                                                           | CUSIP: 550241AK9<br>LEI: 8M3THTGWLTYZVE6BBY25 | Long             | DBT              | CORP              | US        |    108000 | PA      | $110430.00    | 0.08%             | 2032-10-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| ASHTON WOODS USA/FINANCE                              | Ashton Woods USA LLC / Ashton Woods Finance Co                                   | CUSIP: 045086AP0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    190000 | PA      | $181409.21    | 0.13%             | 2030-04-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| VIRTUSA CORP                                          | Virtusa Corp                                                                     | CUSIP: 92837TAA0<br>LEI: C77OMXDER63WLJCSKT03 | Long             | DBT              | CORP              | US        |    233000 | PA      | $222265.32    | 0.16%             | 2028-12-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| VFH PARENT / VALOR CO                                 | VFH Parent LLC / Valor Co-Issuer Inc                                             | CUSIP: 91824YAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    255000 | PA      | $267785.45    | 0.19%             | 2031-06-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| ROCKET COS INC                                        | Rocket Cos Inc                                                                   | CUSIP: 77311WAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     89000 | PA      | $90749.30     | 0.06%             | 2030-08-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| FREEDOM MORTGAGE HOLD                                 | Freedom Mortgage Holdings LLC                                                    | CUSIP: 35641AAB4<br>LEI: 254900ROJ91RGM43S156 | Long             | DBT              | CORP              | US        |     80000 | PA      | $82562.58     | 0.06%             | 2031-05-15      | Fixed         | 9.12%                 | No            |                  2 | On Loan: No      |
| CNTRL PARENT/CDK GLB INC                              | Central Parent Inc / CDK Global Inc                                              | CUSIP: 15477CAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     62000 | PA      | $50617.43     | 0.04%             | 2029-06-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| MOHEGAN TRIBAL / MS DIG                               | Mohegan Tribal Gaming Authority / MS Digital Entertainment Holdings LLC          | CUSIP: 60832QAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    149000 | PA      | $153908.51    | 0.11%             | 2030-04-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| PLT VII FINANCE SARL                                  | PLT VII Finance Sarl                                                             | CUSIP: 000000000<br>LEI: 894500SKZV4JDP64R249 | Long             | DBT              | CORP              | LU        |    220000 | PA      | $259796.87    | 0.18%             | 2031-06-15      | Floating      | 5.47%                 | No            |                  2 | On Loan: No      |
| ILIAD HOLDING SAS                                     | Iliad Holding SASU                                                               | CUSIP: 449691AG9<br>LEI: 9695009PXA7OI9NXN582 | Long             | DBT              | CORP              | FR        |    200000 | PA      | $205166.20    | 0.14%             | 2032-04-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| CEME SPA                                              | CEME SpA                                                                         | CUSIP: 000000000<br>LEI: 8156008942D954A64F32 | Long             | DBT              | CORP              | IT        |    450000 | PA      | $531519.02    | 0.37%             | 2031-09-30      | Floating      | 6.86%                 | No            |                  2 | On Loan: No      |
| UNITED GROUP BV                                       | United Group BV                                                                  | CUSIP: 000000000<br>LEI: 213800PC85O8BJ7DU398 | Long             | DBT              | CORP              | NL        |    125000 | PA      | $149295.96    | 0.11%             | 2031-10-31      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| LUMEN TECHNOLOGIES INC                                | Lumen Technologies Inc                                                           | CUSIP: 550241AA1<br>LEI: 8M3THTGWLTYZVE6BBY25 | Long             | DBT              | CORP              | US        |    126000 | PA      | $112995.15    | 0.08%             | 2029-06-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| SPDR Bloomberg High Yield Bond ETF                    | SPDR Bloomberg High Yield Bond ETF                                               | CUSIP: 78468R622<br>LEI: 549300NCLW2248PN7J24 | Long             | EC               | RF                | US        |      4860 | NS      | $472732.20    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| TGNR INTERMEDIATE HOLDIN                              | TGNR Intermediate Holdings LLC                                                   | CUSIP: 77289KAA3<br>LEI: 5493007AZNVKZ5HEMT23 | Long             | DBT              | CORP              | US        |    467000 | PA      | $452884.88    | 0.32%             | 2029-10-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NOBLE FINANCE II LLC                                  | Noble Finance II LLC                                                             | CUSIP: 65505PAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    126000 | PA      | $128403.81    | 0.09%             | 2030-04-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Invesco Senior Loan ETF                               | Invesco Senior Loan ETF                                                          | CUSIP: 46138G508<br>LEI: 549300SIHU6DQELRNG59 | Long             | EC               | RF                | US        |     95626 | NS      | $2000495.92   | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| MOSS CREEK RESOURCES HLD                              | Moss Creek Resources Holdings Inc                                                | CUSIP: 61965RAC9<br>LEI: 54930037SLMSPWKYIX36 | Long             | DBT              | CORP              | US        |     83000 | PA      | $80795.53     | 0.06%             | 2031-09-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| BAUSCH + LOMB CORP                                    | Bausch + Lomb Corp                                                               | CUSIP: 000000000<br>LEI: 549300NY6OZM39SO6475 | Long             | DBT              | CORP              | CA        |    100000 | PA      | $118754.88    | 0.08%             | 2031-01-15      | Floating      | 5.87%                 | No            |                  2 | On Loan: No      |
| RLJ LODGING TRUST LP                                  | RLJ Lodging Trust LP                                                             | CUSIP: 74965LAB7<br>LEI: 549300RX5I8Z6I6LDZ74 | Long             | DBT              | CORP              | US        |    165000 | PA      | $154086.27    | 0.11%             | 2029-09-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ILIAD HOLDING SAS                                     | Iliad Holding SASU                                                               | CUSIP: 449691AF1<br>LEI: 9695009PXA7OI9NXN582 | Long             | DBT              | CORP              | FR        |    236000 | PA      | $252643.90    | 0.18%             | 2031-04-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Help Systems Holdings Inc                             | HS Purchaser LLC                                                                 | CUSIP: 42351EAB2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    187457 | PA      | $179074.55    | 0.13%             | 2026-11-19      | Floating      | 8.38%                 | No            |                  2 | On Loan: No      |
| NATIONSTAR MTG HLD INC                                | Nationstar Mortgage Holdings Inc                                                 | CUSIP: 63861CAG4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    110000 | PA      | $112428.69    | 0.08%             | 2029-08-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ARDONAGH FINCO LTD                                    | Ardonagh Finco Ltd                                                               | CUSIP: 000000000<br>LEI: 254900D2T84O1K03BA28 | Long             | DBT              | CORP              | GB        |    210000 | PA      | $254801.41    | 0.18%             | 2031-02-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| HERC HOLDINGS INC                                     | Herc Holdings Inc                                                                | CUSIP: 42704LAF1<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |    118000 | PA      | $123307.92    | 0.09%             | 2030-06-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| MIDWEST GMNG BOR/MWG FIN                              | Midwest Gaming Borrower LLC / Midwest Gaming Finance Corp                        | CUSIP: 59833DAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    184000 | PA      | $177356.02    | 0.12%             | 2029-05-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| VMED O2 UK FINAN                                      | Vmed O2 UK Financing I PLC                                                       | CUSIP: 000000000<br>LEI: 213800MRR46ECNGZ7L69 | Long             | DBT              | CORP              | GB        |    320000 | PA      | $394639.62    | 0.28%             | 2031-07-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                                  | OneMain Finance Corp                                                             | CUSIP: 682691AF7<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |     52000 | PA      | $54369.48     | 0.04%             | 2031-05-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS & CO. LLC                               | USD/EUR FORWARD                                                                  | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DFE              | CORP              | US        |         1 | NC      | $115429.01    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| FLUTTER TREASURY DAC                                  | Flutter Treasury DAC                                                             | CUSIP: 344045AB5<br>LEI: 635400JE8VLL9UFVIC38 | Long             | DBT              | CORP              | IE        |    200000 | PA      | $201625.00    | 0.14%             | 2031-06-04      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| S&S HOLDINGS LLC                                      | S&S Holdings LLC                                                                 | CUSIP: 78525CAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    114000 | PA      | $111504.86    | 0.08%             | 2031-10-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| US ACUTE CARE SOLUTIONS                               | US Acute Care Solutions LLC                                                      | CUSIP: 90367UAD3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    260000 | PA      | $268498.88    | 0.19%             | 2029-05-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| HOWDEN UK REFINANCE / US                              | Howden UK Refinance PLC / Howden UK Refinance 2 PLC / Howden US Refinance LLC    | CUSIP: 44287GAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |    200000 | PA      | $207262.40    | 0.15%             | 2031-02-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| PHH ESCROW ISS LCC/PHH C                              | PHH Escrow Issuer LLC/PHH Corp                                                   | CUSIP: 716964AA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    199000 | PA      | $198679.61    | 0.14%             | 2029-11-01      | Fixed         | 9.88%                 | No            |                  2 | On Loan: No      |
| NORTHERN OIL & GAS INC                                | Northern Oil & Gas Inc                                                           | CUSIP: 665530AB7<br>LEI: OKFF0PIZDDMNH4UCYE51 | Long             | DBT              | CORP              | US        |    196000 | PA      | $202222.02    | 0.14%             | 2031-06-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| LABL INC                                              | LABL Inc                                                                         | CUSIP: 50168QAE5<br>LEI: 5493004FUZN8R6Y3VB98 | Long             | DBT              | CORP              | US        |    218000 | PA      | $201786.95    | 0.14%             | 2028-11-01      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                                | Venture Global LNG Inc                                                           | CUSIP: 92332YAF8<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |    430000 | PA      | $418453.98    | 0.29%             | N/A             | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| WASTE PRO USA INC                                     | Waste Pro USA Inc                                                                | CUSIP: 94107JAC7<br>LEI: 549300BY1QXU5BI3UF28 | Long             | DBT              | CORP              | US        |    184000 | PA      | $191473.71    | 0.13%             | 2033-02-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| COMMSCOPE TECH LLC                                    | CommScope Technologies LLC                                                       | CUSIP: 20338HAB9<br>LEI: M4TWC4QDOKW45N7T6Y12 | Long             | DBT              | CORP              | US        |     54000 | PA      | $52642.13     | 0.04%             | 2027-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WHITE CAP BUYER LLC                                   | White Cap Buyer LLC                                                              | CUSIP: 96350RAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    145000 | PA      | $144890.25    | 0.10%             | 2028-10-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| ARIS WATER HOLDINGS LLC                               | Aris Water Holdings LLC                                                          | CUSIP: 04041NAA0<br>LEI: 5493007AWQW8ZKCHVV46 | Long             | DBT              | CORP              | US        |    171000 | PA      | $176567.42    | 0.12%             | 2030-04-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| PENNYMAC FIN SVCS INC                                 | PennyMac Financial Services Inc                                                  | CUSIP: 70932MAD9<br>LEI: 549300W1D516HBDEU871 | Long             | DBT              | CORP              | US        |    229000 | PA      | $243336.09    | 0.17%             | 2029-12-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| Apidos CLO Ltd                                        | Apidos CLO XXXI                                                                  | CUSIP: 03767XAC8<br>LEI: 549300IG6PHVJ3WBR394 | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $2014330.00   | 1.42%             | 2031-04-15      | Floating      | 11.12%                | No            |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYS                              | CHS/Community Health Systems Inc                                                 | CUSIP: 12543DBN9<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |    187000 | PA      | $198428.88    | 0.14%             | 2032-01-15      | Fixed         | 10.88%                | No            |                  2 | On Loan: No      |
| ALLIANT HOLD / CO-ISSUER                              | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer                   | CUSIP: 01883LAH6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    141000 | PA      | $145521.02    | 0.10%             | 2032-10-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                                      | CSC Holdings LLC                                                                 | CUSIP: 126307BN6<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    889000 | PA      | $846133.13    | 0.60%             | 2029-01-31      | Fixed         | 11.75%                | 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        |    171000 | PA      | $179495.11    | 0.13%             | 2029-10-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| iShares 10+ Year Investment Grade Corporate Bond ETF  | iShares 10+ Year Investment Grade Corporate Bond ETF                             | CUSIP: 464289511<br>LEI: 5493002XJCHL78PKW767 | Long             | EC               | RF                | US        |      2310 | NS      | $115985.10    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| AXON ENTERPRISE INC                                   | Axon Enterprise Inc                                                              | CUSIP: 05464CAD3<br>LEI: 549300QP2IEEGFE16681 | Long             | DBT              | CORP              | US        |    157000 | PA      | $162049.38    | 0.11%             | 2033-03-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| STARWOOD PROPERTY TRUST                               | Starwood Property Trust Inc                                                      | CUSIP: 85571BBB0<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              | CORP              | US        |    159000 | PA      | $167438.19    | 0.12%             | 2029-04-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| ROCKIES EXPRESS PIPELINE                              | Rockies Express Pipeline LLC                                                     | CUSIP: 77340RAT4<br>LEI: W2ZGZGZKY5GGNY6F3V51 | Long             | DBT              | CORP              | US        |    263000 | PA      | $255155.79    | 0.18%             | 2030-05-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| CLYDESDALE ACQUISITION                                | Clydesdale Acquisition Holdings Inc                                              | CUSIP: 18972EAB1<br>LEI: 254900QKSDYFR3K5YD98 | Long             | DBT              | CORP              | US        |    174000 | PA      | $178091.44    | 0.13%             | 2030-04-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| SOTERA HEALTH HLDGS LLC                               | Sotera Health Holdings LLC                                                       | CUSIP: 83600WAE9<br>LEI: 549300OVT7MBXFLOFU20 | Long             | DBT              | CORP              | US        |    127000 | PA      | $132295.01    | 0.09%             | 2031-06-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| NEOPHARMED GENTILI SPA                                | Neopharmed Gentili SPA                                                           | CUSIP: 000000000<br>LEI: 815600C8FD3DCB866E50 | Long             | DBT              | CORP              | IT        |    340000 | PA      | $421028.61    | 0.30%             | 2030-04-08      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| SPDR Blackstone Senior Loan ETF                       | SPDR Blackstone Senior Loan ETF                                                  | CUSIP: 78467V608<br>LEI: 549300ME4SR63Y3TRD06 | Long             | EC               | PF                | US        |     48520 | NS      | $2017946.80   | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| VENTURE GLOBAL LNG INC                                | Venture Global LNG Inc                                                           | CUSIP: 92332YAB7<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |    174000 | PA      | $180847.02    | 0.13%             | 2031-06-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| JANE STREET GRP/JSG FIN                               | Jane Street Group / JSG Finance Inc                                              | CUSIP: 47077WAD0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     91000 | PA      | $91925.58     | 0.06%             | 2032-11-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| LEVEL 3 FINANCING INC                                 | Level 3 Financing Inc                                                            | CUSIP: 527298BT9<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |     65000 | PA      | $55006.25     | 0.04%             | 2029-07-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| MADISON IAQ LLC                                       | Madison IAQ LLC                                                                  | CUSIP: 55760LAB3<br>LEI: 549300IXDNBXNHUPBU73 | Long             | DBT              | CORP              | US        |     67000 | PA      | $65954.74     | 0.05%             | 2029-06-30      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| DYCOM INDUSTRIES INC                                  | Dycom Industries Inc                                                             | CUSIP: 267475AD3<br>LEI: 549300F56EKTHQI3WT60 | Long             | DBT              | CORP              | US        |    180000 | PA      | $175333.12    | 0.12%             | 2029-04-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| RADIOLOGY PARTNERS INC                                | Radiology Partners Inc                                                           | CUSIP: 75041VAE4<br>LEI: 549300SFTAG2177WUZ08 | Long             | DBT              | CORP              | US        |    150000 | PA      | $150537.00    | 0.11%             | 2032-07-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                                  | OneMain Finance Corp                                                             | CUSIP: 682691AE0<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |     79000 | PA      | $83999.48     | 0.06%             | 2030-03-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| PG&E CORP                                             | PG&E Corp                                                                        | CUSIP: 69331CAL2<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | DBT              | CORP              | US        |    102000 | PA      | $101469.60    | 0.07%             | 2027-12-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| EMERIA SASU                                           | Emeria SASU                                                                      | CUSIP: 000000000<br>LEI: 969500SA2FHM81LPJ311 | Long             | DBT              | CORP              | FR        |    970000 | PA      | $1065016.36   | 0.75%             | 2028-03-31      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| CLYDESDALE ACQUISITION                                | Clydesdale Acquisition Holdings Inc                                              | CUSIP: 18972EAC9<br>LEI: 254900QKSDYFR3K5YD98 | Long             | DBT              | CORP              | US        |    111000 | PA      | $113611.57    | 0.08%             | 2030-01-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| SIMMONS FOOD INC/SIMMONS                              | Simmons Foods Inc/Simmons Prepared Foods Inc/Simmons Pet Food Inc/Simmons Feed   | CUSIP: 82873MAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    117000 | PA      | $110567.73    | 0.08%             | 2029-03-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| PETSMART INC/PETSMART FI                              | PetSmart Inc / PetSmart Finance Corp                                             | CUSIP: 71677KAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    250000 | PA      | $244003.59    | 0.17%             | 2028-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| BAUSCH HEALTH COS INC                                 | Bausch Health Cos Inc                                                            | CUSIP: 071734AQ0<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | DBT              | CORP              | CA        |    158000 | PA      | $156532.18    | 0.11%             | 2028-09-30      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| STONEPEAK NILE PARENT                                 | Stonepeak Nile Parent LLC                                                        | CUSIP: 861932AA9<br>LEI: 254900TJV3VAFZD0GU41 | Long             | DBT              | CORP              | US        |    149000 | PA      | $158045.19    | 0.11%             | 2032-03-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| ALLIED UNIVERSAL                                      | Allied Universal Holdco LLC / Allied Universal Finance Corp                      | CUSIP: 019576AC1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $194696.14    | 0.14%             | 2029-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| iShares 5-10 Year Investment Grade Corporate Bond ETF | iShares 5-10 Year Investment Grade Corporate Bond ETF                            | CUSIP: 464288638<br>LEI: 549300ZJOCMXQZ0RKQ84 | Long             | EC               | RF                | US        |      9020 | NS      | $480675.80    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| JANE STREET GRP/JSG FIN                               | Jane Street Group / JSG Finance Inc                                              | CUSIP: 47077WAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    316000 | PA      | $332710.71    | 0.23%             | 2031-04-30      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| UNITI GROUP/CSL CAPITAL                               | Uniti Group LP / Uniti Group Finance 2019 Inc / CSL Capital LLC                  | CUSIP: 91327TAC5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     90000 | PA      | $90990.72     | 0.06%             | 2032-06-15      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| IRCA SPA                                              | Irca SpA                                                                         | CUSIP: 000000000<br>LEI: 815600CDE52BA2426216 | Long             | DBT              | CORP              | IT        |    170000 | PA      | $201230.13    | 0.14%             | 2029-12-15      | Floating      | 5.72%                 | No            |                  2 | On Loan: No      |
| ARDONAGH GROUP FINANCE                                | Ardonagh Group Finance Ltd                                                       | CUSIP: 039956AA5<br>LEI: 254900SRT1BTAJ76NW62 | Long             | DBT              | CORP              | JE        |    200000 | PA      | $210620.43    | 0.15%             | 2032-02-15      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| SGL GROUP APS                                         | SGL Group ApS                                                                    | CUSIP: 000000000<br>LEI: 636700YQKGLXCPPUYE74 | Long             | DBT              | CORP              | DK        |    190000 | PA      | $223126.72    | 0.16%             | 2031-02-24      | Floating      | 6.30%                 | No            |                  2 | On Loan: No      |
| VERISURE MIDHOLDING AB                                | Verisure Midholding AB                                                           | CUSIP: 000000000<br>LEI: 549300496LYEZ55X1M49 | Long             | DBT              | CORP              | SE        |    665000 | PA      | $788247.29    | 0.56%             | 2029-02-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NCL CORPORATION LTD                                   | NCL Corp Ltd                                                                     | CUSIP: 62886HBR1<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |    170000 | PA      | $173783.09    | 0.12%             | 2032-02-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ICAHN ENTERPRISES/FIN                                 | Icahn Enterprises LP / Icahn Enterprises Finance Corp                            | CUSIP: 451102BZ9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    168000 | PA      | $162923.22    | 0.11%             | 2027-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| LEVEL 3 FINANCING INC                                 | Level 3 Financing Inc                                                            | CUSIP: 527298CK7<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |    145000 | PA      | $146693.93    | 0.10%             | 2032-10-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| RITHM CAPITAL CORP                                    | Rithm Capital Corp                                                               | CUSIP: 64828TAB8<br>LEI: 549300WNTHGEO5LP2G31 | Long             | DBT              | CORP              | US        |    276000 | PA      | $279054.49    | 0.20%             | 2029-04-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                         | Citigroup Inc                                                                    | CUSIP: 172967MV0<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    224000 | PA      | $221476.13    | 0.16%             | N/A             | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| GLOBAL ATLANTIC FIN CO                                | Global Atlantic Fin Co                                                           | CUSIP: 37959GAD9<br>LEI: 98450051B2E65CAA7E94 | Long             | DBT              | CORP              | US        |    123000 | PA      | $139393.29    | 0.10%             | 2033-06-15      | Fixed         | 7.95%                 | No            |                  2 | On Loan: No      |
| ARCOSA INC                                            | Arcosa Inc                                                                       | CUSIP: 039653AC4<br>LEI: 549300WFHLTCZV7D6V29 | Long             | DBT              | CORP              | US        |    120000 | PA      | $124613.40    | 0.09%             | 2032-08-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| NORTHRIVER MIDSTREAM FIN                              | Northriver Midstream Finance LP                                                  | CUSIP: 66679NAB6<br>LEI: 549300SOLNLY3BL6GF18 | Long             | DBT              | CORP              | CA        |    138000 | PA      | $143019.47    | 0.10%             | 2032-07-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| PANTHER ESCROW ISSUER                                 | Panther Escrow Issuer LLC                                                        | CUSIP: 69867RAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    110000 | PA      | $114334.66    | 0.08%             | 2031-06-01      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| RITHM CAPITAL CORP                                    | Rithm Capital Corp                                                               | CUSIP: 64828TAC6<br>LEI: 549300WNTHGEO5LP2G31 | Long             | DBT              | CORP              | US        |     87000 | PA      | $87501.56     | 0.06%             | 2030-07-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| NORTHERN OIL & GAS INC                                | Northern Oil & Gas Inc                                                           | CUSIP: 665531AG4<br>LEI: OKFF0PIZDDMNH4UCYE51 | Long             | DBT              | CORP              | US        |    131000 | PA      | $132258.39    | 0.09%             | 2028-03-01      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| MAUSER PACKAGING SOLUT                                | Mauser Packaging Solutions Holding Co                                            | CUSIP: 57763RAD9<br>LEI: 549300DNGHXL0OMHW304 | Long             | DBT              | CORP              | US        |    125000 | PA      | $127205.25    | 0.09%             | 2027-04-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| APH/APH2/APH3/AQUARIAN                                | APH Somerset Investor 2 LLC / APH2 Somerset Investor 2 LLC / APH3 Somerset Inves | CUSIP: 00188QAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    138000 | PA      | $141277.50    | 0.10%             | 2029-11-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| STATION CASINOS LLC                                   | Station Casinos LLC                                                              | CUSIP: 857691AH2<br>LEI: 5493004E7Q60TX54WL62 | Long             | DBT              | CORP              | US        |    132000 | PA      | $123731.34    | 0.09%             | 2031-12-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| iShares 1-5 Year Investment Grade Corporate Bond ETF  | iShares 1-5 Year Investment Grade Corporate Bond ETF                             | CUSIP: 464288646<br>LEI: 549300T14S5IX7V5T008 | Long             | EC               | RF                | US        |      9090 | NS      | $479588.40    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| WOLSELEY GROUP FINCO PLC                              | Wolseley Group Finco PLC                                                         | CUSIP: 000000000<br>LEI: 213800Q996QYBUUWRZ96 | Long             | DBT              | CORP              | GB        |    110000 | PA      | $153133.69    | 0.11%             | 2031-01-31      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| GRUPO-ANTOLIN IRAUSA SA                               | Grupo Antolin-Irausa SA                                                          | CUSIP: 000000000<br>LEI: 213800OILC5Q9AR63B63 | Long             | DBT              | CORP              | ES        |    390000 | PA      | $305639.15    | 0.22%             | 2028-04-30      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| DREYFUS INSTITUTIONAL PREFERRE                        | DREYFUS INSTITUTIONAL PREFERRED GOVERNMENT PLUS MONEY MARKET FUND                | CUSIP: 000000000<br>LEI: 549300RBWL04JG8SIX57 | Long             | STIV             | RF                | US        |  42935498 | NS      | $42935497.78  | 30.25%            |  |  |  | No            |                  1 | On Loan: No      |
| AVIS BUDGET CAR/FINANCE                               | Avis Budget Car Rental LLC / Avis Budget Finance Inc                             | CUSIP: 053773BC0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    104000 | PA      | $103782.49    | 0.07%             | 2027-07-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| LUMEN TECHNOLOGIES INC                                | Lumen Technologies Inc                                                           | CUSIP: 550241AB9<br>LEI: 8M3THTGWLTYZVE6BBY25 | Long             | DBT              | CORP              | US        |    190825 | PA      | $186292.91    | 0.13%             | 2029-04-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| WARNERMEDIA HOLDINGS INC                              | Warnermedia Holdings Inc                                                         | CUSIP: 55903VBE2<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |     96000 | PA      | $67440.00     | 0.05%             | 2052-03-15      | Fixed         | 5.14%                 | No            |                  2 | On Loan: No      |
| BEACH ACQUISITION BIDCO                               | Beach Acquisition Bidco LLC                                                      | CUSIP: 07337JAC1<br>LEI: 254900F2FNX3GBTB6202 | Long             | DBT              | CORP              | US        |    200000 | PA      | $207803.00    | 0.15%             | 2033-07-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| CABLEVISION LIGHTPATH                                 | Cablevision Lightpath LLC                                                        | CUSIP: 12687GAA7<br>LEI: 5493002ZVBLRLGES1R71 | Long             | DBT              | CORP              | US        |    410000 | PA      | $395421.26    | 0.28%             | 2027-09-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                                        | NRG Energy Inc                                                                   | CUSIP: 629377CX8<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    122000 | PA      | $124375.71    | 0.09%             | 2034-11-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| RIOT PLATFORMS INC                                    | Riot Platforms Inc                                                               | CUSIP: 767292AA3<br>LEI: 5299005LKZAJQDQZDF73 | Long             | DBT              | CORP              | US        |    281000 | PA      | $292240.00    | 0.21%             | 2030-01-15      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| ALLIANT HOLD / CO-ISSUER                              | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer                   | CUSIP: 01883LAE3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    260000 | PA      | $264479.80    | 0.19%             | 2028-04-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| MATADOR RESOURCES CO                                  | Matador Resources Co                                                             | CUSIP: 576485AG1<br>LEI: 549300CI3Q2UUK5R4G79 | Long             | DBT              | CORP              | US        |     68000 | PA      | $68080.29     | 0.05%             | 2032-04-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| GLOBAL MEDICAL RESPONSE                               | Global Medical Response Inc                                                      | CUSIP: 37960BAB1<br>LEI: 549300ZFWD4ZFCEJCQ87 | Long             | DBT              | CORP              | US        |    390608 | PA      | $392307.14    | 0.28%             | 2028-10-31      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA BUYER/ATLANTI                              | California Buyer Ltd / Atlantica Sustainable Infrastructure PLC                  | CUSIP: 13005HAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |    210000 | PA      | $210529.20    | 0.15%             | 2032-02-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| GARFUNKELUX HOLDCO 3 SA                               | Garfunkelux Holdco 3 SA                                                          | CUSIP: 000000000<br>LEI: 2221007QVSNJV7EWBX69 | Long             | DBT              | CORP              | LU        |    349000 | PA      | $302905.94    | 0.21%             | 2025-11-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| VERITIV OPERATING CO                                  | Veritiv Operating Co                                                             | CUSIP: 92339LAA0<br>LEI: 5493004G8OK5L1UTIY12 | Long             | DBT              | CORP              | US        |    124000 | PA      | $134384.38    | 0.09%             | 2030-11-30      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| GOAT HOLDCO LLC                                       | Goat Holdco LLC                                                                  | CUSIP: 38021MAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    277000 | PA      | $281840.58    | 0.20%             | 2032-02-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ELASTIC NV                                            | Elastic NV                                                                       | CUSIP: 28415LAA1<br>LEI: 2549003I48WHHH937I59 | Long             | DBT              | CORP              | NL        |    349000 | PA      | $333777.02    | 0.24%             | 2029-07-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| CLOUD SOFTWARE GRP INC                                | Cloud Software Group Inc                                                         | CUSIP: 88632QAE3<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |    227000 | PA      | $229260.47    | 0.16%             | 2029-03-31      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| XPLR INFRAST OPERATING                                | XPLR Infrastructure Operating Partners LP                                        | CUSIP: 98380MAB1<br>LEI: 549300KJEC5IUVJWR786 | Long             | DBT              | CORP              | US        |     46000 | PA      | $49337.16     | 0.03%             | 2033-03-15      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| OPTION CARE HEALTH INC                                | Option Care Health Inc                                                           | CUSIP: 68404LAA0<br>LEI: 549300DI3Q5ACSYJRI17 | Long             | DBT              | CORP              | US        |    225000 | PA      | $216722.72    | 0.15%             | 2029-10-31      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| ENCINO ACQUISITION PARTN                              | Encino Acquisition Partners Holdings LLC                                         | CUSIP: 29254BAB3<br>LEI: 549300BUKUEKT2UE4T49 | Long             | DBT              | CORP              | US        |     52000 | PA      | $57467.59     | 0.04%             | 2031-05-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| LEVEL 3 FINANCING INC                                 | Level 3 Financing Inc                                                            | CUSIP: 527298CM3<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |    118000 | PA      | $120152.68    | 0.08%             | 2033-06-30      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| LOTTOMATICA GROUP SPA                                 | Lottomatica Group Spa                                                            | CUSIP: 000000000<br>LEI: 549300R72LKEGT4EX026 | Long             | DBT              | CORP              | IT        |    100000 | PA      | $120927.05    | 0.09%             | 2031-01-31      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| COMSTOCK RESOURCES INC                                | Comstock Resources Inc                                                           | CUSIP: 205768AS3<br>LEI: I03QQGEA4SS774AURI46 | Long             | DBT              | CORP              | US        |    354000 | PA      | $355059.88    | 0.25%             | 2029-03-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| TEAMSYSTEM SPA                                        | TeamSystem SpA                                                                   | CUSIP: 000000000<br>LEI: 81560062081DF3AB7A90 | Long             | DBT              | CORP              | IT        |    108000 | PA      | $127269.49    | 0.09%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CONSOLIDATED COMMUNICATI                              | Consolidated Communications Inc                                                  | CUSIP: 20903XAF0<br>LEI: 549300WW675Y48HDVX34 | Long             | DBT              | CORP              | US        |    327000 | PA      | $333632.61    | 0.24%             | 2028-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| UNITED AIRLINES INC                                   | United Airlines Inc                                                              | CUSIP: 90932LAH0<br>LEI: K1OQBWM7XEOO08LDNP29 | Long             | DBT              | CORP              | US        |    190000 | PA      | $184557.49    | 0.13%             | 2029-04-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| FERTITTA ENTERTAINMENT                                | Fertitta Entertainment LLC / Fertitta Entertainment Finance Co Inc               | CUSIP: 31556TAC3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    249000 | PA      | $229978.02    | 0.16%             | 2030-01-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| NATIONSTAR MTG HLD INC                                | Nationstar Mortgage Holdings Inc                                                 | CUSIP: 63861CAE9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    170000 | PA      | $172786.64    | 0.12%             | 2031-11-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| RAVEN ACQUISITION HOLDIN                              | Raven Acquisition Holdings LLC                                                   | CUSIP: 75420NAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    271000 | PA      | $271688.90    | 0.19%             | 2031-11-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| FMG RESOURCES AUG 2006                                | FMG Resources August 2006 Pty Ltd                                                | CUSIP: 30251GBC0<br>LEI: 549300EFD6S2NFE9D745 | Long             | DBT              | CORP              | AU        |    420000 | PA      | $392750.98    | 0.28%             | 2031-04-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| GEN DIGITAL INC                                       | Gen Digital Inc                                                                  | CUSIP: 668771AM0<br>LEI: YF6ZV0M6AU4FY94MK914 | Long             | DBT              | CORP              | US        |    283000 | PA      | $291303.79    | 0.21%             | 2033-04-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| AGRIFARMA SPA                                         | Agrifarma SpA                                                                    | CUSIP: 000000000<br>LEI: 815600F89DA538E88804 | Long             | DBT              | CORP              | IT        |    354000 | PA      | $418034.10    | 0.29%             | 2028-10-31      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| 1261229 BC LTD                                        | 1261229 BC Ltd                                                                   | CUSIP: 68288AAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    200000 | PA      | $201897.99    | 0.14%             | 2032-04-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| CONTOURGLOBAL POWER HLDG                              | ContourGlobal Power Holdings SA                                                  | CUSIP: 000000000<br>LEI: 549300O5AGIFK0PQ1516 | Long             | DBT              | CORP              | LU        |    100000 | PA      | $119034.20    | 0.08%             | 2030-02-28      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAMARCO MINERACAO SA                                  | Samarco Mineracao SA                                                             | CUSIP: 000000000<br>LEI: 529900U8HKV15GJC4O60 | Long             | DBT              | CORP              | BR        |    510285 | PA      | $501957.36    | 0.35%             | 2031-06-30      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUE                                 | Venture Global Plaquemines LNG LLC                                               | CUSIP: 922966AA4<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |     89000 | PA      | $95365.10     | 0.07%             | 2033-05-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| FIRST QUANTUM MINERALS L                              | First Quantum Minerals Ltd                                                       | CUSIP: 335934AV7<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | DBT              | CORP              | CA        |    400000 | PA      | $425038.82    | 0.30%             | 2029-03-01      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| QUIKRETE HOLDINGS INC                                 | Quikrete Holdings Inc                                                            | CUSIP: 74843PAA8<br>LEI: 5493007KIN86DIZWZT22 | Long             | DBT              | CORP              | US        |    171000 | PA      | $175949.58    | 0.12%             | 2032-03-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| ARCHES BUYER INC                                      | Arches Buyer Inc                                                                 | CUSIP: 039524AB9<br>LEI: 2549009ADY4208OH2Y47 | Long             | DBT              | CORP              | US        |    267000 | PA      | $245801.96    | 0.17%             | 2028-12-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| iShares iBoxx $ High Yield Corporate Bond ETF         | iShares iBoxx $ High Yield Corporate Bond ETF                                    | CUSIP: 464288513<br>LEI: 549300FCCXHK7O37PQ68 | Long             | EC               | RF                | US        |      5860 | NS      | $472609.00    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| ACRISURE LLC / FIN INC                                | Acrisure LLC / Acrisure Finance Inc                                              | CUSIP: 00489LAK9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    153000 | PA      | $158446.40    | 0.11%             | 2029-02-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| CLEVELAND-CLIFFS INC                                  | Cleveland-Cliffs Inc                                                             | CUSIP: 185899AQ4<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |     46000 | PA      | $45329.96     | 0.03%             | 2029-11-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| STAPLES INC                                           | Staples Inc                                                                      | CUSIP: 855030AQ5<br>LEI: XQM2JINI1UL7642TU573 | Long             | DBT              | CORP              | US        |    189000 | PA      | $179819.34    | 0.13%             | 2029-09-01      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| LUMEN TECHNOLOGIES INC                                | Lumen Technologies Inc                                                           | CUSIP: 156700AM8<br>LEI: 8M3THTGWLTYZVE6BBY25 | Long             | DBT              | CORP              | US        |    178000 | PA      | $152072.52    | 0.11%             | 2039-09-15      | Fixed         | 7.60%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                    | Energy Transfer LP                                                               | CUSIP: 29273VAJ9<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    526000 | PA      | $525523.23    | 0.37%             | N/A             | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| XPLR INFRAST OPERATING                                | XPLR Infrastructure Operating Partners LP                                        | CUSIP: 98380MAA3<br>LEI: 549300KJEC5IUVJWR786 | Long             | DBT              | CORP              | US        |    116000 | PA      | $123990.54    | 0.09%             | 2031-01-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| FOUNDATION BUILDING M                                 | Foundation Building Materials Inc                                                | CUSIP: 350392AA4<br>LEI: 549300ZVE6MONHB01I28 | Long             | DBT              | CORP              | US        |    333000 | PA      | $305718.97    | 0.22%             | 2029-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                                        | NRG Energy Inc                                                                   | CUSIP: 629377CU4<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |     90000 | PA      | $99996.45     | 0.07%             | N/A             | Fixed         | 10.25%                | No            |                  2 | On Loan: No      |
| KOBE US MIDCO 2 INC                                   | Kobe US Midco 2 Inc                                                              | CUSIP: 499894AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     49350 | PA      | $44353.31     | 0.03%             | 2026-11-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| FERTITTA ENTERTAINMENT                                | Fertitta Entertainment LLC / Fertitta Entertainment Finance Co Inc               | CUSIP: 31556TAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    159000 | PA      | $152392.22    | 0.11%             | 2029-01-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| STARWOOD PROPERTY TRUST                               | Starwood Property Trust Inc                                                      | CUSIP: 85571BAY1<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              | CORP              | US        |     62000 | PA      | $61464.71     | 0.04%             | 2027-01-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYS                              | CHS/Community Health Systems Inc                                                 | CUSIP: 12543DBJ8<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |     99000 | PA      | $79019.82     | 0.06%             | 2029-04-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| ALTICE FRANCE SA                                      | Altice France SA                                                                 | CUSIP: 02156LAA9<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |    448000 | PA      | $403538.24    | 0.28%             | 2027-02-01      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| INNOPHOS HOLDINGS INC                                 | Innophos Holdings Inc                                                            | CUSIP: 45774NAD0<br>LEI: XQ0331QX53IRX25OY417 | Long             | DBT              | CORP              | US        |    181000 | PA      | $182937.61    | 0.13%             | 2029-06-15      | Fixed         | 11.50%                | No            |                  2 | On Loan: No      |
| WALGREENS BOOTS ALLIANCE                              | Walgreens Boots Alliance Inc                                                     | CUSIP: 931427AC2<br>LEI: 549300RPTUOIXG4LIH86 | Long             | DBT              | CORP              | US        |    136000 | PA      | $130003.76    | 0.09%             | 2044-11-18      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| CITGO PETROLEUM CORP                                  | CITGO Petroleum Corp                                                             | CUSIP: 17302XAN6<br>LEI: YX52P86PXMLYDOTUQ225 | Long             | DBT              | CORP              | US        |    150000 | PA      | $156397.35    | 0.11%             | 2029-01-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| LEVEL 3 FINANCING INC                                 | Level 3 Financing Inc                                                            | CUSIP: 527298BZ5<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |     45000 | PA      | $51131.25     | 0.04%             | 2030-12-15      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS & CO. LLC                               | GBP/USD FORWARD                                                                  | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-119230.23   | -0.08%            |  |  |  | No            |                  2 | On Loan: No      |
| GYP HOLDINGS III CORP                                 | GYP Holdings III Corp                                                            | CUSIP: 36261NAA5<br>LEI: 549300055I1KJWZH9690 | Long             | DBT              | CORP              | US        |    101000 | PA      | $101306.68    | 0.07%             | 2029-05-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| MERCER INTL INC                                       | Mercer International Inc                                                         | CUSIP: 588056BC4<br>LEI: 549300Z5IAG39VRTY874 | Long             | DBT              | CORP              | US        |    371000 | PA      | $376755.69    | 0.27%             | 2028-10-01      | Fixed         | 12.88%                | No            |                  2 | On Loan: No      |
| ENCORE CAPITAL GROUP INC                              | Encore Capital Group Inc                                                         | CUSIP: 000000000<br>LEI: 5493000UVC6H49CIH830 | Long             | DBT              | CORP              | US        |    580000 | PA      | $760285.92    | 0.54%             | 2028-06-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| FREEDOM MORTGAGE HOLD                                 | Freedom Mortgage Holdings LLC                                                    | CUSIP: 35641AAA6<br>LEI: 254900ROJ91RGM43S156 | Long             | DBT              | CORP              | US        |     62000 | PA      | $64444.35     | 0.05%             | 2029-02-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| OEG FINANCE PLC                                       | OEG Finance PLC                                                                  | CUSIP: 000000000<br>LEI: 254900KMBHWF9UK63G44 | Long             | DBT              | CORP              | GB        |    120000 | PA      | $147988.67    | 0.10%             | 2029-09-27      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| BEACON MOBILITY CORP                                  | Beacon Mobility Corp                                                             | CUSIP: 073644AA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    137000 | PA      | $139989.56    | 0.10%             | 2030-08-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                                | Venture Global LNG Inc                                                           | CUSIP: 92332YAA9<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |    221000 | PA      | $228551.35    | 0.16%             | 2028-06-01      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| CTEC II GMBH                                          | CTEC II GmbH                                                                     | CUSIP: 000000000<br>LEI: 98450044C9BACG3DA974 | Long             | DBT              | CORP              | DE        |    100000 | PA      | $100796.72    | 0.07%             | 2030-02-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| DOLCETTO HOLDCO SPA                                   | Dolcetto Holdco SpA                                                              | CUSIP: 000000000<br>LEI: 81560029E819F2CE4A42 | Long             | DBT              | CORP              | IT        |    167000 | PA      | $198392.59    | 0.14%             | 2032-07-14      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| ALBION FINANCING 1SARL /                              | Albion Financing 1 SARL / Aggreko Holdings Inc                                   | CUSIP: 01330AAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |    200000 | PA      | $204605.45    | 0.14%             | 2030-05-21      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| HAH GROUP HOLDING CO LLC                              | HAH Group Holding Co LLC                                                         | CUSIP: 40518JAA7<br>LEI: 254900FFJQHW9R90FL74 | Long             | DBT              | CORP              | US        |    173000 | PA      | $171638.18    | 0.12%             | 2031-10-01      | Fixed         | 9.75%                 | 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        |     96000 | PA      | $94428.63     | 0.07%             | 2029-10-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| EG Finco Limited                                      | EG FINCO LTD                                                                     | CUSIP: 000000000<br>LEI: 2138003OUK4UQHRJLT65 | Long             | LON              | CORP              | GB        |      2500 | PA      | $2961.94      | 0.00%             | 2028-02-07      | Floating      | 6.65%                 | No            |                  2 | On Loan: No      |
| CARVANA CO                                            | Carvana Co                                                                       | CUSIP: 146869AM4<br>LEI: 5493003WEAK2PJ5WS063 | Long             | DBT              | CORP              | US        |    160000 | PA      | $189702.66    | 0.13%             | 2031-06-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| UNITI GRP/UNITI HLD/CSL                               | Uniti Group LP / Uniti Fiber Holdings Inc / CSL Capital LLC                      | CUSIP: 91327AAB8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    119000 | PA      | $111604.80    | 0.08%             | 2030-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| MATCH GROUP HLD II LLC                                | Match Group Holdings II LLC                                                      | CUSIP: 57665RAL0<br>LEI: 5493003RFFE030RC9167 | Long             | DBT              | CORP              | US        |    208000 | PA      | $194650.83    | 0.14%             | 2030-08-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| WINDSOR HOLDINGS III LLC                              | Windsor Holdings III LLC                                                         | CUSIP: 97360AAA5<br>LEI: 254900IXUJZ9H146T437 | Long             | DBT              | CORP              | US        |     95000 | PA      | $101923.35    | 0.07%             | 2030-06-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS CO LLC                              | Vistra Operations Co LLC                                                         | CUSIP: 92840VAR3<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |    150000 | PA      | $156919.80    | 0.11%             | 2032-04-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| BELRON UK FINANCE PLC                                 | Belron UK Finance PLC                                                            | CUSIP: 080782AA3<br>LEI: 9845006BC9D1A77B8178 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $201813.66    | 0.14%             | 2029-10-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| FIESTA PURCHASER INC                                  | Fiesta Purchaser Inc                                                             | CUSIP: 31659AAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    114000 | PA      | $121101.63    | 0.09%             | 2031-03-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                                | CCO Holdings LLC / CCO Holdings Capital Corp                                     | CUSIP: 1248EPBX0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    137000 | PA      | $135831.40    | 0.10%             | 2028-02-01      | Fixed         | 5.00%                 | 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        |    200000 | PA      | $209000.80    | 0.15%             | 2032-02-15      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| SM ENERGY CO                                          | SM Energy Co                                                                     | CUSIP: 78454LAX8<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | DBT              | CORP              | US        |    102000 | PA      | $101713.76    | 0.07%             | 2029-08-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| JETBLUE AIRWAYS/LOYALTY                               | JetBlue Airways Corp / JetBlue Loyalty LP                                        | CUSIP: 476920AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |    144000 | PA      | $140184.90    | 0.10%             | 2031-09-20      | Fixed         | 9.88%                 | No            |                  2 | On Loan: No      |
| BOMBARDIER INC                                        | Bombardier Inc                                                                   | CUSIP: 097751CD1<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |    124000 | PA      | $128643.92    | 0.09%             | 2033-06-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| LUNA 2 5SARL                                          | Luna 2 5SARL                                                                     | CUSIP: 000000000<br>LEI: 894500N8J2QVEYP0UI86 | Long             | DBT              | CORP              | LU        |    100000 | PA      | $120234.53    | 0.08%             | 2032-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Janus Henderson B-BBB CLO ETF                         | Janus Henderson B-BBB CLO ETF                                                    | CUSIP: 47103U753<br>LEI: 549300UAMX73GRTHWH74 | Long             | EC               | RF                | US        |     41344 | NS      | $1993194.24   | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| VZ SECURED FINANCING BV                               | VZ Secured Financing BV                                                          | CUSIP: 000000000<br>LEI: 549300MG611MYCOWY949 | Long             | DBT              | CORP              | NL        |    380000 | PA      | $412242.71    | 0.29%             | 2032-01-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| AG ISSUER LLC                                         | AG Issuer LLC                                                                    | CUSIP: 00119LAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    203000 | PA      | $203166.05    | 0.14%             | 2028-03-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| ROCKETMTGE CO-ISSUER INC                              | Rocket Mortgage LLC / Rocket Mortgage Co-Issuer Inc                              | CUSIP: 77313LAB9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    171000 | PA      | $153106.24    | 0.11%             | 2033-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| COREWEAVE INC                                         | CoreWeave Inc                                                                    | CUSIP: 21873SAB4<br>LEI: 984500511DP2B6186053 | Long             | DBT              | CORP              | US        |     94000 | PA      | $96179.23     | 0.07%             | 2030-06-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| EDGE FINCO PLC                                        | Edge Finco PLC                                                                   | CUSIP: 000000000<br>LEI: 648835NI8LJE5190NT73 | Long             | DBT              | CORP              | GB        |    100000 | PA      | $143228.65    | 0.10%             | 2031-08-15      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| DOTDASH MEREDITH INC                                  | Dotdash Meredith Inc                                                             | CUSIP: 25849JAA8<br>LEI: 549300R2AA7U9CJUQO13 | Long             | DBT              | CORP              | US        |    123000 | PA      | $119364.12    | 0.08%             | 2032-06-15      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| IQVIA INC                                             | IQVIA Inc                                                                        | CUSIP: 46266TAG3<br>LEI: 549300PLWY28YB00C717 | Long             | DBT              | CORP              | US        |    120000 | PA      | $123296.18    | 0.09%             | 2032-06-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| ATLAS LUXCO 4 / ALL UNI                               | Allied Universal Holdco LLC/Allied Universal Finance Corp/Atlas Luxco 4 Sarl     | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |    320000 | PA      | $422987.59    | 0.30%             | 2028-06-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| PENNYMAC FIN SVCS INC                                 | PennyMac Financial Services Inc                                                  | CUSIP: 70932MAE7<br>LEI: 549300W1D516HBDEU871 | Long             | DBT              | CORP              | US        |     96000 | PA      | $99554.88     | 0.07%             | 2030-11-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| TASEKO MINES LTD                                      | Taseko Mines Ltd                                                                 | CUSIP: 876511AG1<br>LEI: 549300XKUO1JSLU7KX54 | Long             | DBT              | CORP              | CA        |     99000 | PA      | $103764.69    | 0.07%             | 2030-05-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| CORNERSTONE BUILDING                                  | Cornerstone Building Brands Inc                                                  | CUSIP: 21925DAB5<br>LEI: 549300IW41QEWQ6T0H29 | Long             | DBT              | CORP              | US        |    237000 | PA      | $218086.48    | 0.15%             | 2029-08-15      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| AMERICAN AIRLINES/AADVAN                              | American Airlines Inc/AAdvantage Loyalty IP Ltd                                  | CUSIP: 00253XAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |    228130 | PA      | $228072.44    | 0.16%             | 2029-04-20      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-25

**Name of Applicant:** BNY Mellon Alcentra Global Multi-Strategy Credit Fund, Inc.

**Signature:** James Windels

**Name of Signer:** James Windels

**Title:** Treasurer