# EDGAR Filing Document

**Accession Number:** 0001515324
**File Stem:** 0001752724-23-047199
**Filing Date:** 2023-2
**Character Count:** 116779
**Document Hash:** c701e461eb842982809d2e79bd8a5f07
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-047199.hdr.sgml**: 20230228

**ACCESSION NUMBER**: 0001752724-23-047199

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230228

**DATE AS OF CHANGE**: 20230228

**PERIOD START**: 20221231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Ares Dynamic Credit Allocation Fund, Inc.
- **CENTRAL INDEX KEY:** 0001515324
- **IRS NUMBER:** 454969053
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22535
- **FILM NUMBER:** 23684098

**BUSINESS ADDRESS:**
- **STREET 1:** 2000 AVENUE OF THE STARS
- **STREET 2:** 12TH FLOOR
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90067
- **BUSINESS PHONE:** (310) 201-4200

**MAIL ADDRESS:**
- **STREET 1:** 2000 AVENUE OF THE STARS
- **STREET 2:** 12TH FLOOR
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90067

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Ares Senior Credit Strategies Fund, Inc.
- **DATE OF NAME CHANGE:** 20110314

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Ares Dynamic Credit Allocation Fund, Inc.

- **b. Investment Company Act file number:** 811-22535

- **c. CIK number of Registrant:** 0001515324

- **d. LEI of Registrant:** 549300BZI16VZUT2N044

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

  - **Street Address 1:** 2000 AVENUE OF THE STARS

  - **City:** LOS ANGELES

  - **State:** CA

  - **Foreign country:** US

  - **Zip / Postal Code:** 90067

  - **Telephone number:** 310-201-4200

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

- **a. Name of Series:** Ares Dynamic Credit Allocation Fund, Inc.

- **c. LEI of Series:** 549300BZI16VZUT2N044

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

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

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $502607846.73

**Total Liabilities:** $195783895.39

**Net Assets:** $306823951.34

**Delayed Delivery Securities:** $25666847.84

**Cash Not Reported:** $7581376.44

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -83.88000000 | **1-Year:** -3863.09000000 | **5-Year:** -11843.17000000 | **10-Year:** -9459.08000000 | **30-Year:** -1977.69000000

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

- **3-Month:** -1197.42000000 | **1-Year:** -38492.66000000 | **5-Year:** -80734.13000000 | **10-Year:** -12169.36000000 | **30-Year:** -1097.25000000

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | -0.15%               | 6.38%                | -4.71%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-2008893.08             | $-1028720.37                               |
| Month 2  | $-3833114.23             | $11511675.21                               |
| Month 3  | $-762207.39              | $-3254807.45                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| CLARIOS GLOBAL LP                                 | Clarios Global LP                                                                | CUSIP: 18060TAA3<br>LEI: 549300474L1ZLXZY2P98 | Long             | DBT              | CORP              | CA        |   2000000 | PA      | $2002673.60   | 0.65%             | 2025-05-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| DELL INT LLC / EMC CORP                           | Dell International LLC / EMC Corp                                                | CUSIP: 24703TAF3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1543193.48   | 0.50%             | 2027-07-15      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| CIFC Funding Ltd                                  | CIFC Funding 2020-III Ltd                                                        | CUSIP: 12560GAC5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1750000 | PA      | $1368743.25   | 0.45%             | 2034-10-20      | Variable      | 0.00%                 | No            |                  3 | On Loan: No      |
| ALBERTSONS COS/SAFEWAY                            | Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC            | CUSIP: 013092AA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1531709.75   | 0.50%             | 2026-03-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                          | Ford Motor Credit Co LLC                                                         | CUSIP: 345397A60<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $961011.40    | 0.31%             | 2025-06-16      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| HILTON DOMESTIC OPERATIN                          | Hilton Domestic Operating Co Inc                                                 | CUSIP: 432833AH4<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |   3500000 | PA      | $3395000.00   | 1.11%             | 2028-05-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| PROOFPOINT, INC.                                  | Proofpoint, Inc. 2nd Lien Term Loan                                              | CUSIP: 000000000<br>LEI: 529900C5FODDK0WSR085 | Long             | LON              | CORP              | US        |   3000000 | PA      | $3000000.00   | 0.98%             | 2029-08-31      | Floating      | 10.98%                | No            |                  3 | On Loan: No      |
| Transocean Sentry Ltd                             | Transocean Sentry Ltd                                                            | CUSIP: 89385AAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |    496149 | PA      | $489947.32    | 0.16%             | 2023-05-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| OHA Credit Partners Ltd                           | OHA Credit Partners XI Ltd                                                       | CUSIP: 67109HAJ0<br>LEI: 549300OYGEU6QQMCEG78 | Long             | ABS-CBDO         | CORP              | KY        |   2750000 | PA      | $2274266.50   | 0.74%             | 2032-01-20      | Floating      | 12.14%                | No            |                  3 | On Loan: No      |
| Madison Park Funding Ltd                          | Madison Park Funding XII Ltd                                                     | CUSIP: 55818QAE8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   4000000 | PA      | $108200.00    | 0.04%             | 2026-07-20      | None          | 0.00%                 | No            |                  3 | On Loan: No      |
| CELANESE US HOLDINGS LLC                          | Celanese US Holdings LLC                                                         | CUSIP: 15089QAL8<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1496015.51   | 0.49%             | 2025-03-15      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| TALLGRASS NRG PRTNR/FIN                           | Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp                     | CUSIP: 87470LAH4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3027000.00   | 0.99%             | 2025-10-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Madison Park Funding Ltd                          | Madison Park Funding XIV Ltd                                                     | CUSIP: 55818TAJ1<br>LEI: 254900Q2IOW6JYPYIV98 | Long             | ABS-CBDO         | CORP              | KY        |   2500000 | PA      | $1960102.50   | 0.64%             | 2030-10-22      | Floating      | 12.09%                | No            |                  3 | On Loan: No      |
| Quirch Foods Holdings, LLC                        | Quirch Foods Holdings, LLC 2022 Term Loan                                        | CUSIP: 74880TAG1<br>LEI: 549300ZJJLQXSE7L4U02 | Long             | LON              | CORP              | US        |   2992366 | PA      | $2723053.48   | 0.89%             | 2027-10-27      | Variable      | 8.99%                 | No            |                  3 | On Loan: No      |
| TALLGRASS NRG PRTNR/FIN                           | Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp                     | CUSIP: 87470LAG6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $933618.09    | 0.30%             | 2027-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CAESARS ENTERTAIN INC                             | Caesars Entertainment Inc                                                        | CUSIP: 28470RAK8<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |   2773000 | PA      | $2724611.15   | 0.89%             | 2027-07-01      | Fixed         | 8.13%                 | No            |                  2 | On Loan: No      |
| OPEN TEXT CORP                                    | OPEN TEXT CORP                                                                   | CUSIP: 68371YAN3<br>LEI: 549300HP7ONDQODZJV16 | Long             | LON              | CORP              | CA        |   3200000 | PA      | $3122400.00   | 1.02%             | 2029-11-16      | Variable      | 7.86%                 | No            |                  2 | On Loan: No      |
| Madison Park Funding Ltd                          | Madison Park Funding XXVIII Ltd                                                  | CUSIP: 55821BAC0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $818595.00    | 0.27%             | 2030-07-15      | Floating      | 11.68%                | No            |                  3 | On Loan: No      |
| BROOKFIELD PPTY REIT INC                          | Brookfield Property REIT Inc / BPR Cumulus LLC / BPR Nimbus LLC / GGSI Sellco LL | CUSIP: 11284DAA3<br>LEI: N/A                  | Long             | DBT              |  | US        |   2500000 | PA      | $2278597.45   | 0.74%             | 2026-05-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CHART INDUSTRIES INC                              | CHART INDUSTRIES INC                                                             | CUSIP: 000000000<br>LEI: EM7QGKC1GYOF3LSZSL80 | Long             | LON              | CORP              | US        |   2000000 | PA      | $1976260.00   | 0.64%             | 2029-12-07      | Variable      | 8.11%                 | No            |                  2 | On Loan: No      |
| Atlas Senior Loan Fund LTD                        | Atlas Senior Loan Fund VII Ltd                                                   | CUSIP: 04941UAG2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    775000 | PA      | $384716.20    | 0.13%             | 2031-11-27      | Floating      | 12.79%                | No            |                  3 | On Loan: No      |
| OHA Credit Partners Ltd                           | OHA Credit Partners VII Ltd                                                      | CUSIP: 67102UAF6<br>LEI: 549300LXLBAFTIMXZT54 | Long             | ABS-CBDO         | CORP              | KY        |   3000000 | PA      | $2712966.00   | 0.88%             | 2034-02-20      | Floating      | 10.93%                | No            |                  3 | On Loan: No      |
| ILIAD HOLDING SAS                                 | Iliad Holding SASU                                                               | CUSIP: 449691AA2<br>LEI: 9695009PXA7OI9NXN582 | Long             | DBT              | CORP              | FR        |   3000000 | PA      | $2782361.52   | 0.91%             | 2026-10-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| CIFC Funding Ltd                                  | CIFC Funding 2021-VII Ltd                                                        | CUSIP: 12567KAA3<br>LEI: 54930089HD7KU5NUS092 | Long             | ABS-CBDO         | CORP              | KY        |   2406120 | PA      | $2118446.70   | 0.69%             | 2035-01-23      | Floating      | 10.67%                | No            |                  3 | On Loan: No      |
| TICP CLO Ltd                                      | TICP CLO XIII Ltd                                                                | CUSIP: 87250BAE9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1250000 | PA      | $1137221.25   | 0.37%             | 2034-04-15      | Floating      | 10.28%                | No            |                  3 | On Loan: No      |
| SPECIALTY BUILDING PRODU                          | Specialty Building Products Holdings LLC / SBP Finance Corp                      | CUSIP: 84749AAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2407410.00   | 0.78%             | 2026-09-30      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| EQT CORP                                          | EQT Corp                                                                         | CUSIP: 26884LAH2<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | DBT              | CORP              | US        |   1035000 | PA      | $1037432.25   | 0.34%             | 2025-02-01      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| Crestline Denali CLO XIV, LTD                     | Crestline Denali CLO XIV Ltd                                                     | CUSIP: 22615LAG9<br>LEI: 549300SBJ7CCHEFNE215 | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $1430312.00   | 0.47%             | 2031-10-23      | Floating      | 10.67%                | No            |                  3 | On Loan: No      |
| Bain Capital Credit CLO, Limited                  | Bain Capital Credit CLO 2020-1                                                   | CUSIP: 05684EAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3000000 | PA      | $2889816.00   | 0.94%             | 2033-04-18      | Floating      | 12.44%                | No            |                  3 | On Loan: No      |
| MARINER CLO LLC                                   | Mariner CLO 5 Ltd                                                                | CUSIP: 56845DAC6<br>LEI: 635400SMPSPMTZRZQF40 | Long             | ABS-CBDO         | CORP              | KY        |   2567500 | PA      | $1079410.38   | 0.35%             | 2031-04-25      | Variable      | 0.00%                 | No            |                  3 | On Loan: No      |
| MGM RESORTS INTL                                  | MGM Resorts International                                                        | CUSIP: 552953CG4<br>LEI: 54930066VBP7DZEGGJ87 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $4021076.00   | 1.31%             | 2025-05-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CQP HOLDCO LP/BIP-V CHIN                          | CQP Holdco LP / BIP-V Chinook Holdco LLC                                         | CUSIP: 12657NAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2183775.20   | 0.71%             | 2031-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| TRIDENT TPI HOLDINGS INC                          | Trident TPI Holdings Inc                                                         | CUSIP: 89616RAB5<br>LEI: 549300TPLK304J3RNC85 | Long             | DBT              | CORP              | US        |   3250000 | PA      | $3089553.90   | 1.01%             | 2024-08-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| LCM Ltd Partnership                               | LCM XVII LP                                                                      | CUSIP: 50190BAB6<br>LEI: 549300K6S4MWQOINB710 | Long             | ABS-CBDO         | CORP              | KY        |   3750000 | PA      | $2788263.75   | 0.91%             | 2031-10-15      | Floating      | 10.08%                | No            |                  3 | On Loan: No      |
| ICG US CLO Ltd                                    | ICG US CLO 2018-2 LTD                                                            | CUSIP: 44933HAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1200000 | PA      | $894291.60    | 0.29%             | 2031-07-22      | Floating      | 10.07%                | No            |                  3 | On Loan: No      |
| Ford Motor Credit Co LLC                          | Ford Motor Credit Co LLC                                                         | CUSIP: 345397ZQ9<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $986850.00    | 0.32%             | 2024-03-18      | Fixed         | 5.58%                 | No            |                  2 | On Loan: No      |
| Traverse Midstream Partners LLC                   | Traverse Midstream Partners LLC 2017 Term Loan                                   | CUSIP: 89435TAB0<br>LEI: 549300DHTM8B2X5QMJ22 | Long             | LON              | CORP              | US        |   2869319 | PA      | $2859448.05   | 0.93%             | 2024-09-27      | Variable      | 8.80%                 | No            |                  2 | On Loan: No      |
| Oak Hill Credit Partners                          | OHA Credit Partners XVI                                                          | CUSIP: 67115MAC6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1635000 | PA      | $1256175.41   | 0.41%             | 2034-10-18      | Variable      | 0.00%                 | No            |                  3 | On Loan: No      |
| CITGO PETROLEUM CORP                              | CITGO Petroleum Corp                                                             | CUSIP: 17302XAK2<br>LEI: YX52P86PXMLYDOTUQ225 | Long             | DBT              | CORP              | US        |   2250000 | PA      | $2200185.00   | 0.72%             | 2025-06-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| CIFC Funding Ltd                                  | CIFC Funding 2021-V Ltd                                                          | CUSIP: 12565HAC8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2250000 | PA      | $1679494.50   | 0.55%             | 2034-07-15      | Variable      | 0.00%                 | No            |                  3 | On Loan: No      |
| SUMMIT MATERIALS LLC/FIN                          | Summit Materials LLC / Summit Materials Finance Corp                             | CUSIP: 86614RAM9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2750000 | PA      | $2694920.36   | 0.88%             | 2027-03-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Babson CLO Ltd                                    | Barings CLO Ltd 2020-I                                                           | CUSIP: 06762MAE6<br>LEI: 549300VMZDDY0435KV08 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $910077.00    | 0.30%             | 2036-10-15      | Floating      | 10.73%                | No            |                  3 | On Loan: No      |
| Fertitta Entertainment, LLC                       | Fertitta Entertainment, LLC 2022 Term Loan B                                     | CUSIP: 31556PAB3<br>LEI: 984500A0805D8V551D35 | Long             | LON              | CORP              | US        |   1240625 | PA      | $1177204.25   | 0.38%             | 2029-01-27      | Floating      | 8.32%                 | No            |                  2 | On Loan: No      |
| White Cap Buyer LLC                               | White Cap Buyer LLC Term Loan B                                                  | CUSIP: 96350TAC4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2488712 | PA      | $2402503.35   | 0.78%             | 2027-10-19      | Variable      | 8.07%                 | No            |                  2 | On Loan: No      |
| Highbridge Loan Management Ltd                    | Highbridge Loan Management 4-2014 Ltd                                            | CUSIP: 44330NAC2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $1580168.00   | 0.52%             | 2030-01-28      | Floating      | 11.73%                | No            |                  3 | On Loan: No      |
| Belo Corp                                         | Belo Corp                                                                        | CUSIP: 080555AE5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $488125.00    | 0.16%             | 2027-06-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Byju's Alpha, Inc.                                | Byju's Alpha, Inc. Term Loan B                                                   | CUSIP: 000000000<br>LEI: 254900EAJ040Y8AVVN71 | Long             | LON              | CORP              | US        |   1615986 | PA      | $1277776.48   | 0.42%             | 2026-11-24      | Floating      | 10.70%                | No            |                  2 | On Loan: No      |
| CELANESE US HOLDINGS LLC                          | Celanese US Holdings LLC                                                         | CUSIP: 15089QAR5<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1500115.04   | 0.49%             | 2024-07-05      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| Affinion Group Holding Inc                        | Affinion Group Holding Inc                                                       | CUSIP: 000000000<br>LEI: 549300KQQ3W775I3BX27 | N/A              | DE               |  | US        |      7874 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| BLUE RACER MID LLC/FINAN                          | Blue Racer Midstream LLC / Blue Racer Finance Corp                               | CUSIP: 095796AE8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1935940.00   | 0.63%             | 2026-07-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| Trestles CLO LTD                                  | TRESTLES CLO 2017-1 Ltd                                                          | CUSIP: 89531GAE5<br>LEI: 254900QSBDX181YYBH38 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $895021.00    | 0.29%             | 2032-04-25      | Floating      | 10.61%                | No            |                  3 | On Loan: No      |
| UNITED RENTALS NORTH AM                           | United Rentals North America Inc                                                 | CUSIP: 911365BQ6<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |   2791000 | PA      | $2773556.25   | 0.90%             | 2029-12-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| SIX FLAGS THEME PARKS                             | Six Flags Theme Parks Inc                                                        | CUSIP: 83001WAC8<br>LEI: 5493003MX0ZXTM8EVY68 | Long             | DBT              | CORP              | US        |   2517000 | PA      | $2536138.46   | 0.83%             | 2025-07-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Bausch & Lomb, Inc.                               | Bausch & Lomb, Inc. Term Loan                                                    | CUSIP: 000000000<br>LEI: 549300NY6OZM39SO6475 | Long             | LON              | CORP              | CA        |   2488721 | PA      | $2362741.74   | 0.77%             | 2027-05-10      | Variable      | 7.84%                 | No            |                  2 | On Loan: No      |
| EQM MIDSTREAM PARTNERS L                          | EQM Midstream Partners LP                                                        | CUSIP: 26885BAH3<br>LEI: 549300NELT611CL6XM83 | Long             | DBT              | CORP              | US        |    750000 | PA      | $716812.50    | 0.23%             | 2027-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| WOOF Holdings, Inc                                | WOOF Holdings, Inc 2nd Lien Term Loan                                            | CUSIP: 98082EAD6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1635000 | PA      | $1471500.00   | 0.48%             | 2028-12-21      | Floating      | 11.60%                | No            |                  2 | On Loan: No      |
| American Money Management Corporation             | AMMC CLO XI Ltd                                                                  | CUSIP: 001747AJ3<br>LEI: 5493004OOK6VXHQ8DQ60 | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $1681216.00   | 0.55%             | 2031-04-30      | Floating      | 10.21%                | No            |                  3 | On Loan: No      |
| Canyon Capital CLO Ltd                            | Canyon CLO 2018-1 Ltd                                                            | CUSIP: 13877AAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    750000 | PA      | $594516.75    | 0.19%             | 2031-07-15      | Floating      | 9.83%                 | No            |                  3 | On Loan: No      |
| Pretium PKG Holdings, Inc.                        | Pretium PKG Holdings, Inc. 2021 2nd Lien Term Loan                               | CUSIP: 74142KAH2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2500000 | PA      | $1507825.00   | 0.49%             | 2029-10-01      | Floating      | 11.54%                | No            |                  2 | On Loan: No      |
| SPRINT LLC                                        | Sprint LLC                                                                       | CUSIP: 85207UAK1<br>LEI: 549300ZTTY7CXOLJ6539 | Long             | DBT              | CORP              | US        |   5250000 | PA      | $5523950.25   | 1.80%             | 2026-03-01      | Fixed         | 7.63%                 | No            |                  2 | On Loan: No      |
| Invesco CLO LTD                                   | Invesco CLO Ltd                                                                  | CUSIP: 46091AAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $887925.00    | 0.29%             | 2034-07-15      | Floating      | 10.23%                | No            |                  3 | On Loan: No      |
| IRB Holding Corp                                  | IRB Holding Corp 2020 Term Loan B                                                | CUSIP: 44988LAF4<br>LEI: 549300HVW4WNWYBXN830 | Long             | LON              | CORP              | US        |    994778 | PA      | $984671.10    | 0.32%             | 2025-02-05      | Floating      | 7.13%                 | No            |                  2 | On Loan: No      |
| Asurion LLC                                       | Asurion LLC 2022 Term Loan B10                                                   | CUSIP: 04649VBB5<br>LEI: 549300KNQVXGIOXWK278 | Long             | LON              | CORP              | US        |   3491250 | PA      | $3108085.31   | 1.01%             | 2028-08-19      | Variable      | 8.68%                 | No            |                  2 | On Loan: No      |
| AVSC Holding Corp.                                | AVSC Holding Corp. 2020 Term Loan B1                                             | CUSIP: 00241YAT1<br>LEI: 549300CLJBQ9YSR4U689 | Long             | LON              | CORP              | US        |   3482066 | PA      | $3184801.64   | 1.04%             | 2025-03-03      | Variable      | 6.39%                 | No            |                  2 | On Loan: No      |
| Madison Park Funding Ltd                          | Madison Park Funding XXVI Ltd                                                    | CUSIP: 55820AAA7<br>LEI: 549300FNRP3W5DX0O430 | Long             | ABS-CBDO         | CORP              | KY        |   1500000 | PA      | $1372042.50   | 0.45%             | 2030-07-29      | Floating      | 10.91%                | No            |                  3 | On Loan: No      |
| CDI ESCROW ISSUER INC                             | CDI Escrow Issuer Inc                                                            | CUSIP: 12511VAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $448214.57    | 0.15%             | 2030-04-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| IRON MOUNTAIN INC                                 | Iron Mountain Inc                                                                | CUSIP: 46284VAL5<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              |  | US        |   2500000 | PA      | $2166540.33   | 0.71%             | 2032-07-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| Lamar Media Corporation                           | Lamar Media Corporation 2020 Term Loan B                                         | CUSIP: 513076BB4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1250000 | PA      | $1208200.00   | 0.39%             | 2027-02-05      | Floating      | 5.86%                 | No            |                  2 | On Loan: No      |
| Axalta Coating Systems Dutch Holding B B.V        | Axalta Coating Systems Dutch Holding B B.V 2022 USD Term Loan B                  | CUSIP: 90347BAJ7<br>LEI: 549300NZ43V4QV4UGN28 | Long             | LON              | CORP              | US        |   1500000 | PA      | $1500000.00   | 0.49%             | 2029-12-20      | Variable      | 7.32%                 | No            |                  2 | On Loan: No      |
| Quest Software US Holdings Inc.                   | Quest Software US Holdings Inc. 2022 2nd Lien Term Loan                          | CUSIP: 000000000<br>LEI: 549300LMV4JEXTGLE324 | Long             | LON              | CORP              | US        |   1583960 | PA      | $918697.00    | 0.30%             | 2030-02-01      | Floating      | 11.59%                | No            |                  3 | On Loan: No      |
| Bain Capital Credit CLO, Limited                  | Bain Capital Credit CLO 2022-1 Ltd                                               | CUSIP: 05684WAC5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1500000 | PA      | $1121490.00   | 0.37%             | 2035-04-18      | Variable      | 0.00%                 | No            |                  3 | On Loan: No      |
| Madison Park Funding Ltd                          | Madison Park Funding XXXV Ltd                                                    | CUSIP: 55819LAE8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1500000 | PA      | $1371384.00   | 0.45%             | 2032-04-20      | Floating      | 10.34%                | No            |                  3 | On Loan: No      |
| CARLYLE GLOBAL MARKET STRATEGI 10/30 1            | CARLYLE GLOBAL MARKET STRATEGI 10/30 1                                           | CUSIP: 14317TAC9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3222500 | PA      | $1174195.22   | 0.38%             | 2030-10-15      | Variable      | 0.00%                 | No            |                  3 | On Loan: No      |
| Crown Cork & Seal Co Inc                          | Crown Cork & Seal Co Inc                                                         | CUSIP: 228255AH8<br>LEI: 7HLDMDH0ZXNUH6PT7Z42 | Long             | DBT              | CORP              | US        |   4350000 | PA      | $4478368.50   | 1.46%             | 2026-12-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Gray Television Inc                               | Gray Television Inc                                                              | CUSIP: 389284AA8<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |   4500000 | PA      | $3990555.00   | 1.30%             | 2027-05-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| AVIENT CORP                                       | Avient Corp                                                                      | CUSIP: 05368VAA4<br>LEI: SM8L9RZYIB34LNTWO040 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1466263.94   | 0.48%             | 2030-08-01      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| Madison Park Funding Ltd                          | Madison Park Funding LIX Ltd                                                     | CUSIP: 55822FAC0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2250000 | PA      | $1841836.50   | 0.60%             | 2034-01-18      | Variable      | 0.00%                 | No            |                  3 | On Loan: No      |
| AMERICAN AIRLINES INC                             | American Airlines Inc                                                            | CUSIP: 023771S58<br>LEI: IWUQB36BXD6OWD6X4T14 | Long             | DBT              | CORP              | US        |    750000 | PA      | $804358.50    | 0.26%             | 2025-07-15      | Fixed         | 11.75%                | No            |                  2 | On Loan: No      |
| West CLO Ltd                                      | West CLO 2013-1 Ltd                                                              | CUSIP: 95168RAC2<br>LEI: 254900Y23DE747A9HN36 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $0.00         | 0.00%             | 2025-11-07      | None          | 0.00%                 | No            |                  3 | On Loan: No      |
| Equinox Holdings, Inc.                            | Equinox Holdings, Inc. 2021 Incremental Term Loan B2                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1485000 | PA      | $1180575.01   | 0.38%             | 2024-03-08      | Floating      | 13.73%                | No            |                  2 | On Loan: No      |
| Madison Park Funding Ltd                          | Madison Park Funding XXXI Ltd                                                    | CUSIP: 55819EAC8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $1363572.00   | 0.44%             | 2048-01-23      | Variable      | 16.39%                | No            |                  3 | On Loan: No      |
| Magnetite CLO Ltd                                 | Magnetite XXIV Ltd                                                               | CUSIP: 55954XAE7<br>LEI: 549300P6T1S83Z2MDF55 | Long             | ABS-CBDO         | CORP              | KY        |   1500000 | PA      | $1256817.00   | 0.41%             | 2035-04-15      | Floating      | 10.26%                | No            |                  3 | On Loan: No      |
| CHART INDUSTRIES INC                              | Chart Industries Inc                                                             | CUSIP: 000000000<br>LEI: EM7QGKC1GYOF3LSZSL80 | Long             | DBT              | CORP              | US        |    250000 | PA      | $255960.00    | 0.08%             | 2031-01-01      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| LBM ACQUISITION LLC                               | LBM Acquisition LLC                                                              | CUSIP: 05552BAA4<br>LEI: 549300FAEB3VWZL4NI86 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $956753.70    | 0.31%             | 2029-01-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Canyon Capital CLO Ltd                            | Canyon Capital CLO 2019-1 Ltd                                                    | CUSIP: 13887UAC8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $527148.00    | 0.17%             | 2032-04-15      | Variable      | 0.00%                 | No            |                  3 | On Loan: No      |
| Great Canadian Gaming Corporation                 | Great Canadian Gaming Corporation 2021 Term Loan                                 | CUSIP: 000000000<br>LEI: 549300FU60SSFLTE0M84 | Long             | LON              | CORP              | CA        |   2493734 | PA      | $2442812.28   | 0.80%             | 2026-11-01      | Floating      | 8.75%                 | No            |                  2 | On Loan: No      |
| Dryden Senior Loan Fund                           | Dryden XXVI Senior Loan Fund                                                     | CUSIP: 26250UAY1<br>LEI: 549300ENU7ZZLTPT3E22 | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $1777086.00   | 0.58%             | 2029-04-15      | Floating      | 9.62%                 | No            |                  3 | On Loan: No      |
| Magnetite CLO Ltd                                 | Magnetite XXVIII Ltd                                                             | CUSIP: 55955MAC4<br>LEI: 54930077HHZ1QV5CPQ30 | Long             | ABS-CBDO         | CORP              | KY        |   2500000 | PA      | $2103950.00   | 0.69%             | 2035-01-20      | Variable      | 18.50%                | No            |                  3 | On Loan: No      |
| RR Ltd                                            | RR 19 Ltd                                                                        | CUSIP: 74983BAC5<br>LEI: 549300RJ4N2AJDFNE876 | Long             | ABS-CBDO         | CORP              | KY        |   2350000 | PA      | $1824843.15   | 0.59%             | 2035-10-15      | Variable      | 12.05%                | No            |                  3 | On Loan: No      |
| Madison Park Funding Ltd                          | Madison Park Funding XXXVII Ltd                                                  | CUSIP: 55817FAE3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $922503.00    | 0.30%             | 2033-07-15      | Floating      | 10.23%                | No            |                  3 | On Loan: No      |
| TRANSOCEAN INC                                    | Transocean Inc                                                                   | CUSIP: 893830BQ1<br>LEI: DOL4HJ22ADYSIWES4H94 | Long             | DBT              | CORP              | KY        |    750000 | PA      | $751875.00    | 0.25%             | 2027-01-30      | Fixed         | 11.50%                | No            |                  2 | On Loan: No      |
| IRB HOLDING CORP                                  | IRB Holding Corp                                                                 | CUSIP: 44988MAC9<br>LEI: 549300HVW4WNWYBXN830 | Long             | DBT              | CORP              | US        |   1173000 | PA      | $1170067.50   | 0.38%             | 2025-06-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| DCP MIDSTREAM OPERATING                           | DCP Midstream Operating LP                                                       | CUSIP: 26439XAC7<br>LEI: 549300Y6CTBSE0QIPL28 | Long             | DBT              | CORP              | US        |   3330000 | PA      | $3686203.64   | 1.20%             | 2030-08-16      | Fixed         | 8.13%                 | No            |                  2 | On Loan: No      |
| Oak Hill Credit Partners                          | OHA Credit Funding 3 LTD                                                         | CUSIP: 67112TAG5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $914896.00    | 0.30%             | 2035-07-02      | Floating      | 10.49%                | No            |                  3 | On Loan: No      |
| CONNECT FINCO SARL/CONNE                          | Connect Finco SARL / Connect US Finco LLC                                        | CUSIP: 20752TAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |   2450000 | PA      | $2270560.82   | 0.74%             | 2026-10-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| OHA Loan Funding Ltd                              | OHA Loan Funding 2016-1 Ltd                                                      | CUSIP: 67110VAC1<br>LEI: 54930016024GMIAF7A82 | Long             | ABS-CBDO         | CORP              | KY        |   3250000 | PA      | $2140294.00   | 0.70%             | 2033-01-20      | Variable      | 15.81%                | No            |                  3 | On Loan: No      |
| Carlyle Global Market Strategies                  | CARLYLE US CLO 2017-1 Ltd                                                        | CUSIP: 14314UAA3<br>LEI: 549300VZ0HS3D307K776 | Long             | ABS-CBDO         | CORP              | KY        |   3000000 | PA      | $2425452.00   | 0.79%             | 2031-04-20      | Floating      | 10.24%                | No            |                  3 | On Loan: No      |
| ICG US CLO Ltd                                    | ICG US Clo 2021-1 Ltd                                                            | CUSIP: 449289AC1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $1298948.00   | 0.42%             | 2034-04-17      | Variable      | 14.94%                | No            |                  3 | On Loan: No      |
| Madison Park Funding Ltd                          | Madison Park Funding XXXII Ltd                                                   | CUSIP: 55817CAC4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $1137406.00   | 0.37%             | 2048-01-22      | Variable      | 28.54%                | No            |                  3 | On Loan: No      |
| Wellman Park CLO Ltd                              | Wellman Park CLO Ltd                                                             | CUSIP: 94972AAE4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2500000 | PA      | $35010.00     | 0.01%             | 2034-07-15      | None          | 0.00%                 | No            |                  3 | On Loan: No      |
| Starfruit Finco B.V                               | Starfruit Finco B.V 2018 USD Term Loan B                                         | CUSIP: 000000000<br>LEI: 549300K7VB5G6LULFT41 | Long             | LON              | CORP              | US        |   3000000 | PA      | $2953500.00   | 0.96%             | 2025-10-01      | Variable      | 7.16%                 | No            |                  2 | On Loan: No      |
| ALTICE FINANCING SA                               | Altice Financing SA                                                              | CUSIP: 02154CAH6<br>LEI: 549300DIYGW8HVDF7Q17 | Long             | DBT              | CORP              | LU        |   3500000 | PA      | $2752970.05   | 0.90%             | 2029-08-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Carlyle Global Market Strategies                  | CARLYLE US CLO 2017-3 Ltd                                                        | CUSIP: 14314GAC0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1750000 | PA      | $357115.50    | 0.12%             | 2029-07-20      | Variable      | 0.00%                 | No            |                  3 | On Loan: No      |
| Crestline Denali CLO XV, Ltd.                     | Crestline Denali CLO XV Ltd                                                      | CUSIP: 22616BAG0<br>LEI: 254900I3X14OTGXOC969 | Long             | ABS-CBDO         | CORP              | KY        |   3875000 | PA      | $2706683.63   | 0.88%             | 2030-04-20      | Floating      | 11.59%                | No            |                  3 | On Loan: No      |
| Eastman Chemical Company                          | Eastman Chemical Company 2021 Term Loan B                                        | CUSIP: 33939NAC0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    799457 | PA      | $649559.08    | 0.21%             | 2028-11-01      | Floating      | 9.69%                 | No            |                  2 | On Loan: No      |
| ENVIVA PARTNERS LP/FIN C                          | Enviva Partners LP / Enviva Partners Finance Corp                                | CUSIP: 29413XAD9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2354600.00   | 0.77%             | 2026-01-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| INTERNATIONAL GAME TECH                           | International Game Technology PLC                                                | CUSIP: 460599AC7<br>LEI: 549300UQ6KHRCZDRGZ76 | Long             | DBT              | CORP              | GB        |   4000000 | PA      | $4024360.00   | 1.31%             | 2025-02-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Global Education Management Systems Establishment | Global Education Management Systems Establishment Term Loan                      | CUSIP: 000000000<br>LEI: 213800KB2HCLUSOQ2G49 | Long             | LON              | CORP              | KY        |   3534752 | PA      | $3497637.21   | 1.14%             | 2026-07-31      | Floating      | 8.57%                 | No            |                  2 | On Loan: No      |
| Transocean Guardian Ltd                           | Transocean Guardian Ltd                                                          | CUSIP: 893800AA0<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |    407096 | PA      | $397530.77    | 0.13%             | 2024-01-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| MILEAGE PLUS HLDINGS LLC                          | Mileage Plus Holdings LLC / Mileage Plus Intellectual Property Assets Ltd        | CUSIP: 599191AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4500292 | PA      | $4474198.64   | 1.46%             | 2027-06-20      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Voya CLO Ltd                                      | Voya CLO 2015-3 Ltd                                                              | CUSIP: 92913DAJ3<br>LEI: 254900MS3D9HONB0N824 | Long             | ABS-CBDO         | CORP              | KY        |   3000000 | PA      | $2131218.00   | 0.69%             | 2031-10-20      | Floating      | 10.44%                | No            |                  3 | On Loan: No      |
| Sunshine Luxembourg VII SARL                      | Sunshine Luxembourg VII SARL 2021 Term Loan B3                                   | CUSIP: 000000000<br>LEI: 254900CHQOBZNYV4DY60 | Long             | LON              | CORP              | LU        |         0 | PA      | $0.00         | 0.00%             | 2026-10-01      | Floating      | 8.48%                 | No            |                  2 | On Loan: No      |
| Denali Capital CLO XII LTD                        | Denali Capital Clo XII Ltd                                                       | CUSIP: 24824AAG6<br>LEI: 549300X36LAD54U6O618 | Long             | ABS-CBDO         | CORP              | KY        |   5000000 | PA      | $3533195.00   | 1.15%             | 2031-04-15      | Floating      | 9.98%                 | No            |                  3 | On Loan: No      |
| American Airlines, Inc.                           | American Airlines, Inc. 2021 Term Loan                                           | CUSIP: 02376CBJ3<br>LEI: IWUQB36BXD6OWD6X4T14 | Long             | LON              | CORP              | US        |   3846154 | PA      | $3825115.39   | 1.25%             | 2028-04-20      | Floating      | 8.99%                 | No            |                  2 | On Loan: No      |
| Oaktree CLO Ltd                                   | Oaktree CLO 2019-2 Ltd                                                           | CUSIP: 67401VAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $1742166.00   | 0.57%             | 2031-04-15      | Floating      | 10.85%                | No            |                  3 | On Loan: No      |
| Elmwood CLO I Ltd.                                | Elmwood CLO I Ltd                                                                | CUSIP: 29001QAE0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3000000 | PA      | $2931093.00   | 0.96%             | 2033-10-20      | Floating      | 11.95%                | No            |                  3 | On Loan: No      |
| Tutor Perini Corp                                 | Tutor Perini Corp                                                                | CUSIP: 901109AF5<br>LEI: 549300FHXYVPW8LJ6D98 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $874996.68    | 0.29%             | 2025-05-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| CAESARS ENTERTAIN INC                             | Caesars Entertainment Inc                                                        | CUSIP: 28470RAH5<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |   3250000 | PA      | $3160977.56   | 1.03%             | 2025-07-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| TELESAT CANADA/TELESAT L                          | Telesat Canada / Telesat LLC                                                     | CUSIP: 87952VAR7<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |   1000000 | PA      | $460022.79    | 0.15%             | 2026-12-06      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| Tutor Perini Corporation                          | Tutor Perini Corporation Term Loan B                                             | CUSIP: 90110FAM6<br>LEI: 549300FHXYVPW8LJ6D98 | Long             | LON              | CORP              | US        |   2989897 | PA      | $2803028.24   | 0.91%             | 2027-08-18      | Floating      | 9.13%                 | No            |                  2 | On Loan: No      |
| Elmwood CLO VIII Ltd                              | Elmwood CLO VIII Ltd                                                             | CUSIP: 290021AA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $937901.00    | 0.31%             | 2034-01-20      | Floating      | 10.24%                | No            |                  3 | On Loan: No      |
| Dryden Senior Loan Fund                           | Dryden 85 CLO Ltd                                                                | CUSIP: 26246CAE2<br>LEI: 549300XS2BVK8BZTXN05 | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $1786046.00   | 0.58%             | 2035-10-15      | Floating      | 10.58%                | No            |                  3 | On Loan: No      |
| STANDARD INDUSTRIES INC.                          | Standard Industries Inc. 2021 Term Loan B                                        | CUSIP: 85350EAB2<br>LEI: 54930064UHXCIUWVI755 | Long             | LON              | CORP              | US        |   1000000 | PA      | $986790.00    | 0.32%             | 2028-09-22      | Variable      | 6.68%                 | No            |                  2 | On Loan: No      |
| Dryden Senior Loan Fund                           | Dryden 45 Senior Loan Fund                                                       | CUSIP: 26244PAG0<br>LEI: 54930046L20VLJKPVV31 | Long             | ABS-CBDO         | CORP              | KY        |   3000000 | PA      | $2453601.00   | 0.80%             | 2030-10-15      | Floating      | 9.93%                 | No            |                  3 | On Loan: No      |
| Oak Hill Credit Partners                          | Oak Hill Credit Partners X-R Ltd                                                 | CUSIP: 67707DAG1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1500000 | PA      | $1354977.00   | 0.44%             | 2034-04-20      | Floating      | 10.49%                | No            |                  3 | On Loan: No      |
| TICP CLO Ltd                                      | TICP CLO VI 2016-2 Ltd                                                           | CUSIP: 87246VAF9<br>LEI: 254900JG2DPAYUCW8T83 | Long             | ABS-CBDO         | CORP              | KY        |   2250000 | PA      | $2025731.25   | 0.66%             | 2034-01-15      | Floating      | 10.33%                | No            |                  3 | On Loan: No      |
| Churchill Downs Inc                               | Churchill Downs Inc                                                              | CUSIP: 171484AG3<br>LEI: 529900FODTBQC8MIS994 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1421332.67   | 0.46%             | 2027-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| AT&T INC                                          | AT&T Inc                                                                         | CUSIP: 00206RJZ6<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $1877064.10   | 0.61%             | 2041-06-01      | Fixed         | 3.50%                 | 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        |   1334000 | PA      | $933800.00    | 0.30%             | 2026-11-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| EQT CORP                                          | EQT Corp                                                                         | CUSIP: 26884LAG4<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | DBT              | CORP              | US        |   3500000 | PA      | $3629920.00   | 1.18%             | 2030-02-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Madison Park Funding Ltd                          | Madison Park Funding LIII Ltd                                                    | CUSIP: 558201AC3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $818276.00    | 0.27%             | 2035-04-21      | Variable      | 0.00%                 | No            |                  3 | On Loan: No      |
| Amkor Technology Inc                              | Amkor Technology Inc                                                             | CUSIP: 031652BK5<br>LEI: 529900VHLRTKPWZJBM84 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2474046.68   | 0.81%             | 2027-09-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| CONSTELLATION AUTOMOTIVE                          | Constellation Automotive Financing PLC                                           | CUSIP: 000000000<br>LEI: 254900HVTSU7VICDRM89 | Long             | DBT              | CORP              | GB        |   2500000 | PA      | $1966372.14   | 0.64%             | 2027-07-15      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| VISTAJET MALTA/XO MGMT                            | VistaJet Malta Finance PLC / XO Management Holding Inc                           | CUSIP: 92840JAB5<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |   2000000 | PA      | $1601620.00   | 0.52%             | 2030-02-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Bath & Body Works Inc                             | Bath & Body Works Inc                                                            | CUSIP: 501797AW4<br>LEI: GR3KVMWVCR54YWQNXU90 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $938403.00    | 0.31%             | 2030-10-01      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| Elmwood CLO 20 Ltd                                | Elmwood CLO 20 Ltd                                                               | CUSIP: 29002BAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1700000 | PA      | $1670510.10   | 0.54%             | 2034-10-17      | Floating      | 12.96%                | No            |                  3 | On Loan: No      |
| Univision Communications Inc.                     | Univision Communications Inc. 2022 First Lien Term Loan B                        | CUSIP: 914908BD9<br>LEI: 549300YQDE2JSGTL8V47 | Long             | LON              | CORP              | US        |    997494 | PA      | $983030.07    | 0.32%             | 2029-06-24      | Variable      | 8.83%                 | No            |                  2 | On Loan: No      |
| Dryden Senior Loan Fund                           | Dryden 98 CLO Ltd                                                                | CUSIP: 26248CAC4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1100000 | PA      | $929699.10    | 0.30%             | 2035-04-20      | Variable      | 0.00%                 | No            |                  3 | On Loan: No      |
| Magnetite CLO Ltd                                 | Magnetite XIX Ltd                                                                | CUSIP: 55954JAG3<br>LEI: 5493000OP4ZUZOOM1U45 | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $1820200.00   | 0.59%             | 2034-04-17      | Floating      | 10.48%                | No            |                  3 | On Loan: No      |
| Madison Park Funding Ltd                          | Madison Park Funding XXXII Ltd                                                   | CUSIP: 55817CAE0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3000000 | PA      | $2739252.00   | 0.89%             | 2031-01-22      | Floating      | 10.52%                | No            |                  3 | On Loan: No      |
| Restaurant Technologies, Inc.                     | Restaurant Technologies, Inc. 2022 Term Loan B                                   | CUSIP: 26972CAC6<br>LEI: 5493001IZARCKDSJPT54 | Long             | LON              | CORP              | US        |   3485000 | PA      | $3415300.00   | 1.11%             | 2029-04-02      | Variable      | 8.83%                 | No            |                  2 | On Loan: No      |
| ASHTON WOODS USA/FINANCE                          | Ashton Woods USA LLC / Ashton Woods Finance Co                                   | CUSIP: 045086AK1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3500000 | PA      | $3079369.86   | 1.00%             | 2028-01-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| Voya CLO Ltd                                      | Voya CLO 2013-3 Ltd                                                              | CUSIP: 92917VAA8<br>LEI: 5493003QPCHR7P2XIW55 | Long             | ABS-CBDO         | CORP              | KY        |   2750000 | PA      | $2157490.50   | 0.70%             | 2031-10-18      | Floating      | 10.09%                | No            |                  3 | On Loan: No      |
| CEDAR FUNDING LTD CEDF 2017 8A SUB 144A           | Cedar Funding VIII Clo Ltd                                                       | CUSIP: 15032GAC8<br>LEI: 549300PTCF9P2JDL1E69 | Long             | ABS-CBDO         | CORP              | KY        |   2930000 | PA      | $1432852.04   | 0.47%             | 2034-10-17      | Variable      | 0.00%                 | No            |                  3 | On Loan: No      |
| UNIVISION COMMUNICATIONS                          | Univision Communications Inc                                                     | CUSIP: 914906AX0<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1433550.00   | 0.47%             | 2030-06-30      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Transocean Inc                                    | Transocean Inc                                                                   | CUSIP: 893830AT6<br>LEI: DOL4HJ22ADYSIWES4H94 | Long             | DBT              | CORP              | KY        |    750000 | PA      | $472866.10    | 0.15%             | 2038-03-15      | Fixed         | 6.80%                 | No            |                  2 | On Loan: No      |
| Aimco                                             | Aimco CLO 11 Ltd                                                                 | CUSIP: 00140PAC9<br>LEI: 549300VLRW0CEQ83RF89 | Long             | ABS-CBDO         | CORP              | KY        |   1985111 | PA      | $1750651.52   | 0.57%             | 2034-10-17      | Variable      | 0.00%                 | No            |                  3 | On Loan: No      |
| Venture CDO Ltd                                   | Venture XXVII CLO Ltd                                                            | CUSIP: 92331TAA1<br>LEI: 549300JZGSLL2771YV05 | Long             | ABS-CBDO         | CORP              | KY        |   2025000 | PA      | $1418150.03   | 0.46%             | 2030-07-20      | Floating      | 10.59%                | No            |                  3 | On Loan: No      |
| Venture CDO Ltd                                   | Venture XXIV CLO Ltd                                                             | CUSIP: 92330RAA6<br>LEI: 549300EDZDHKTKE7JV77 | Long             | ABS-CBDO         | CORP              | KY        |    700000 | PA      | $544147.80    | 0.18%             | 2028-10-20      | Floating      | 10.96%                | No            |                  3 | On Loan: No      |
| 888 ACQUISITIONS LIMITED                          | 888 Acquisitions Limited USD Term Loan B                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3350000 | PA      | $2967530.50   | 0.97%             | 2028-07-08      | Variable      | 9.93%                 | No            |                  2 | On Loan: No      |
| Chobani, LLC                                      | Chobani, LLC 2020 Term Loan B                                                    | CUSIP: 17026YAH2<br>LEI: 549300ISVDMZ91KNTR38 | Long             | LON              | CORP              | US        |   3000000 | PA      | $2934990.00   | 0.96%             | 2027-10-25      | Floating      | 7.88%                 | No            |                  2 | On Loan: No      |
| Equinox Holdings, Inc.                            | Equinox Holdings, Inc. 2020 Term Loan B2                                         | CUSIP: 29446CAR5<br>LEI: 549300W05QKLNGQIIA73 | Long             | LON              | CORP              | US        |   2443750 | PA      | $1942781.25   | 0.63%             | 2024-03-08      | Floating      | 13.73%                | No            |                  3 | On Loan: No      |
| Wellfleet CLO Ltd                                 | Wellfleet CLO 2018-3 Ltd                                                         | CUSIP: 94951EAC5<br>LEI: 254900LA1TLPGMVIGC76 | Long             | ABS-CBDO         | CORP              | KY        |   3000000 | PA      | $730329.00    | 0.24%             | 2032-01-20      | Variable      | 20.33%                | No            |                  3 | On Loan: No      |
| Grab Holdings Inc                                 | Grab Holdings Inc Term Loan B                                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | KY        |         0 | PA      | $0.00         | 0.00%             | 2026-01-29      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| LCM Ltd Partnership                               | LCM XV LP                                                                        | CUSIP: 50184YAA6<br>LEI: 549300HV40B88JRNJD93 | Long             | ABS-CBDO         | CORP              | KY        |   5875000 | PA      | $760195.63    | 0.25%             | 2030-07-20      | Variable      | 17.50%                | No            |                  3 | On Loan: No      |
| WILLIAMS COMPANIES INC                            | Williams Cos Inc/The                                                             | CUSIP: 969457BM1<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $4724301.48   | 1.54%             | 2032-03-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| Invesco CLO LTD                                   | Invesco CLO 2021-3 Ltd                                                           | CUSIP: 46145KAE4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1130000 | PA      | $761710.40    | 0.25%             | 2034-10-22      | Variable      | 0.00%                 | No            |                  3 | On Loan: No      |
| GATES GLOBAL LLC                                  | Gates Global LLC 2022 Term Loan B4                                               | CUSIP: 36740UAX0<br>LEI: 549300XI79MQJV13DW27 | Long             | LON              | CORP              | US        |   3000000 | PA      | $2973750.00   | 0.97%             | 2029-11-16      | Variable      | 7.82%                 | No            |                  2 | On Loan: No      |
| Belo Corp                                         | Belo Corp                                                                        | CUSIP: 080555AF2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   6000000 | PA      | $5694000.00   | 1.86%             | 2027-09-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| WYNDHAM HOTELS + RESORTS INC                      | WYNDHAM HOTELS + RESORTS INC                                                     | CUSIP: 98310CAD4<br>LEI: 549300FE3MQ4RVXXC673 | Long             | LON              | CORP              | US        |   2000000 | PA      | $1940000.00   | 0.63%             | 2027-04-08      | Variable      | 6.11%                 | No            |                  3 | On Loan: No      |
| TRANSDIGM INC                                     | TransDigm Inc                                                                    | CUSIP: 893647BK2<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5072021.35   | 1.65%             | 2025-12-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| ALTICE FRANCE SA                                  | Altice France SA/France                                                          | CUSIP: 02156LAA9<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |   1750000 | PA      | $1594040.00   | 0.52%             | 2027-02-01      | Fixed         | 8.13%                 | No            |                  2 | On Loan: No      |
| SABLE INTL FINANCE LTD                            | Sable International Finance Ltd                                                  | CUSIP: 785712AG5<br>LEI: 2138009IE9A35LO5JS73 | Long             | DBT              | CORP              | KY        |   2500000 | PA      | $2306250.00   | 0.75%             | 2027-09-07      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| ILIAD HOLDING SAS                                 | Iliad Holding SASU                                                               | CUSIP: 449691AC8<br>LEI: 9695009PXA7OI9NXN582 | Long             | DBT              | CORP              | FR        |   1000000 | PA      | $903790.05    | 0.29%             | 2028-10-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| UBER TECHNOLOGIES INC                             | Uber Technologies Inc                                                            | CUSIP: 90353TAE0<br>LEI: 549300B2FTG34FILDR98 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $999690.00    | 0.33%             | 2027-09-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Wellman Park CLO Ltd                              | Wellman Park CLO Ltd                                                             | CUSIP: 94972AAC8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2500000 | PA      | $1693480.00   | 0.55%             | 2034-07-15      | Variable      | 12.72%                | No            |                  3 | On Loan: No      |
| Carlyle Global Market Strategies                  | Carlyle US CLO 2021-10 LTD                                                       | CUSIP: 14318EAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $893570.00    | 0.29%             | 2034-10-20      | Floating      | 10.74%                | No            |                  3 | On Loan: No      |
| CSC Holdings LLC                                  | CSC Holdings LLC                                                                 | CUSIP: 126307AZ0<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $817500.00    | 0.27%             | 2029-02-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| MOSS CREEK RESOURCES HLD                          | Moss Creek Resources Holdings Inc                                                | CUSIP: 61965RAB1<br>LEI: 54930037SLMSPWKYIX36 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1417897.34   | 0.46%             | 2027-05-15      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| Elmwood CLO VIII Ltd                              | Elmwood CLO VIII Ltd                                                             | CUSIP: 290021AC8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $898112.00    | 0.29%             | 2034-01-20      | Floating      | 12.24%                | No            |                  3 | On Loan: No      |
| TCI-Flatiron CLO Ltd                              | TCI-Flatiron Clo 2018-1 Ltd                                                      | CUSIP: 87232TAE3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3000000 | PA      | $2661411.00   | 0.87%             | 2032-01-29      | Floating      | 10.56%                | No            |                  3 | On Loan: No      |
| Leidos Inc                                        | Leidos Inc                                                                       | CUSIP: 808626AE5<br>LEI: 5493006I78VIN6J1BQ95 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2541076.63   | 0.83%             | 2032-07-01      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| OHA Credit Partners Ltd                           | OHA Credit Partners VII Ltd                                                      | CUSIP: 67102UAB5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2672000 | PA      | $1336117.57   | 0.44%             | 2034-02-20      | Variable      | 32.84%                | No            |                  3 | On Loan: No      |
| CHART INDUSTRIES INC                              | CHART INDUSTRIES INC                                                             | CUSIP: 000000000<br>LEI: EM7QGKC1GYOF3LSZSL80 | Long             | LON              | CORP              | US        |   3965000 | PA      | $3905525.00   | 1.27%             | 2023-11-28      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| FIRST QUANTUM MINERALS L                          | First Quantum Minerals Ltd                                                       | CUSIP: 335934AT2<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | DBT              | CORP              | CA        |   2500000 | PA      | $2345558.13   | 0.76%             | 2027-10-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| VISTAJET MALTA/XO MGMT                            | VistaJet Malta Finance PLC / XO Management Holding Inc                           | CUSIP: 92840JAD1<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |   1000000 | PA      | $902144.90    | 0.29%             | 2027-05-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| CIFC Funding Ltd                                  | CIFC Funding 2019-IV Ltd                                                         | CUSIP: 125493AE6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1500000 | PA      | $1387225.50   | 0.45%             | 2034-10-15      | Floating      | 10.68%                | No            |                  3 | On Loan: No      |
| Artera Services LLC                               | Artera Services LLC                                                              | CUSIP: 73939VAA2<br>LEI: 549300J2G34D0WX8Z443 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1666180.00   | 0.54%             | 2025-12-04      | Fixed         | 9.03%                 | No            |                  2 | On Loan: No      |
| Bain Capital Credit CLO, Limited                  | Bain Capital Credit CLO 2017-2 Ltd                                               | CUSIP: 05682TAC4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3000000 | PA      | $2584491.00   | 0.84%             | 2034-07-25      | Floating      | 11.22%                | No            |                  3 | On Loan: No      |
| OCCIDENTAL PETROLEUM COR                          | Occidental Petroleum Corp                                                        | CUSIP: 674599EA9<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |   3500000 | PA      | $3951515.75   | 1.29%             | 2030-07-15      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| BLUE RACER MID LLC/FINAN                          | Blue Racer Midstream LLC / Blue Racer Finance Corp                               | CUSIP: 095796AH1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2744000 | PA      | $2723568.04   | 0.89%             | 2025-12-15      | Fixed         | 7.63%                 | No            |                  2 | On Loan: No      |
| LIVE NATION ENTERTAINMEN                          | Live Nation Entertainment Inc                                                    | CUSIP: 538034AV1<br>LEI: 5493007B9BM9ZXJINO78 | Long             | DBT              | CORP              | US        |   3250000 | PA      | $3182598.15   | 1.04%             | 2027-05-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| VISTRA CORP                                       | Vistra Operations Co LLC                                                         | CUSIP: 92840VAB8<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $949783.80    | 0.31%             | 2027-02-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| VICI PROPERTIES / NOTE                            | VICI Properties LP / VICI Note Co Inc                                            | CUSIP: 92564RAJ4<br>LEI: N/A                  | Long             | DBT              |  | US        |   3000000 | PA      | $2924224.17   | 0.95%             | 2027-02-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Oak Hill Credit Partners                          | OHA Credit Funding 4 Ltd                                                         | CUSIP: 67098EAG6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $921739.00    | 0.30%             | 2036-10-22      | Floating      | 10.72%                | No            |                  3 | On Loan: No      |
| Halcyon Loan Advisors Funding                     | Halcyon Loan Advisors Funding 2017-1 Ltd                                         | CUSIP: 40538QAC3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1750000 | PA      | $270291.00    | 0.09%             | 2029-06-25      | Variable      | 14.62%                | No            |                  3 | On Loan: No      |
| Oaktree CLO Ltd                                   | Oaktree CLO 2015-1 Ltd                                                           | CUSIP: 67389YAB1<br>LEI: 635400SBDDFQR1OHEJ54 | Long             | ABS-CBDO         | CORP              | KY        |   4000000 | PA      | $290208.00    | 0.09%             | 2027-10-20      | None          | 0.00%                 | No            |                  3 | On Loan: No      |
| Formula One Holdings Limited.                     | Formula One Holdings Limited. Term Loan B                                        | CUSIP: 000000000<br>LEI: 549300BBG8Z3D6QSYP53 | Long             | LON              | CORP              | LU        |   2000000 | PA      | $1997500.00   | 0.65%             | 2030-01-15      | Variable      | 7.57%                 | No            |                  2 | On Loan: No      |
| NEXSTAR BROADCASTING INC                          | Nexstar Media Inc                                                                | CUSIP: 65343HAA9<br>LEI: 5493006PK6I4I2OOT688 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1834715.00   | 0.60%             | 2027-07-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| MGM RESORTS INTL                                  | MGM Resorts International                                                        | CUSIP: 552953CC3<br>LEI: 54930066VBP7DZEGGJ87 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1494862.50   | 0.49%             | 2023-03-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Madison Park Funding Ltd                          | Madison Park Funding XXII Ltd                                                    | CUSIP: 55819VAC0<br>LEI: 254900YXXBTCF4NGD347 | Long             | ABS-CBDO         | CORP              | KY        |   4000000 | PA      | $2461840.00   | 0.80%             | 2033-01-15      | Variable      | 11.68%                | No            |                  3 | On Loan: No      |
| Allison Transmission Inc                          | Allison Transmission Inc                                                         | CUSIP: 019736AF4<br>LEI: MWKQ3I0U1GXP2YDSZW75 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1878200.00   | 0.61%             | 2029-06-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| OWENS-BROCKWAY                                    | Owens-Brockway Glass Container Inc                                               | CUSIP: 69073TAT0<br>LEI: V2UQUCDZJ9WY98W8QU33 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $970468.40    | 0.32%             | 2027-05-13      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| VISTRA CORP                                       | Vistra Operations Co LLC                                                         | CUSIP: 92840VAA0<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1926997.00   | 0.63%             | 2026-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Northwoods Capital Ltd                            | Northwoods Capital XII-B Ltd                                                     | CUSIP: 66858EAA1<br>LEI: 549300R06FSYRU75ZW78 | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $1458936.00   | 0.48%             | 2031-06-15      | Floating      | 9.08%                 | No            |                  3 | On Loan: No      |
| UBER TECHNOLOGIES INC                             | Uber Technologies Inc                                                            | CUSIP: 90353TAF7<br>LEI: 549300B2FTG34FILDR98 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2998554.60   | 0.98%             | 2025-05-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Bath & Body Works Inc                             | Bath & Body Works Inc                                                            | CUSIP: 501797AU8<br>LEI: GR3KVMWVCR54YWQNXU90 | Long             | DBT              | CORP              | US        |   1151000 | PA      | $1226027.97   | 0.40%             | 2025-07-01      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| Venture CDO Ltd                                   | Venture 36 Clo Ltd                                                               | CUSIP: 92332MAA5<br>LEI: 549300AZL7IWJJ04HD37 | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $1449436.00   | 0.47%             | 2032-04-20      | Floating      | 11.16%                | No            |                  3 | On Loan: No      |
| TK ELEVATOR HOLDCO GMBH                           | TK Elevator Holdco GmbH                                                          | CUSIP: 92537VAA8<br>LEI: 2549008GCHWX9EEMIS56 | Long             | DBT              | CORP              | DE        |   2000000 | PA      | $1633026.90   | 0.53%             | 2028-07-15      | Fixed         | 7.63%                 | No            |                  2 | On Loan: No      |
| Cedar Funding Ltd                                 | Cedar Funding II CLO Ltd                                                         | CUSIP: 15032VAG6<br>LEI: 254900Q56WTD2BRLBE32 | Long             | ABS-CBDO         | CORP              | KY        |   1750000 | PA      | $1559605.25   | 0.51%             | 2034-04-20      | Floating      | 11.54%                | No            |                  3 | On Loan: No      |
| EQM MIDSTREAM PARTNERS L                          | EQM Midstream Partners LP                                                        | CUSIP: 26885BAE0<br>LEI: 549300NELT611CL6XM83 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $1873617.73   | 0.61%             | 2048-07-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Tibco Software Inc.                               | Tibco Software Inc. 2022 2nd Lien Bridge Term Loan                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    964753 | PA      | $810392.52    | 0.26%             | 2029-09-20      | Variable      | 11.54%                | No            |                  3 | On Loan: No      |
| GEMS MENASA KY LTD/GEMS                           | GEMS MENASA Cayman Ltd / GEMS Education Delaware LLC                             | CUSIP: 36166LAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | AE        |   1250000 | PA      | $1201009.14   | 0.39%             | 2026-07-31      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| Tallman Park CLO, Ltd.                            | Tallman Park CLO Ltd                                                             | CUSIP: 874779AA9<br>LEI: 549300F1X3PF0EWH0F90 | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $1805686.00   | 0.59%             | 2034-04-20      | Floating      | 10.59%                | No            |                  3 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                            | CCO Holdings LLC / CCO Holdings Capital Corp                                     | CUSIP: 1248EPCS0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4000000 | PA      | $3758960.00   | 1.23%             | 2029-09-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Clarios Global LP                                 | Clarios Global LP 2021 USD Term Loan B                                           | CUSIP: 000000000<br>LEI: 549300474L1ZLXZY2P98 | Long             | LON              | CORP              | CA        |   1000000 | PA      | $977920.00    | 0.32%             | 2026-04-30      | Floating      | 7.63%                 | No            |                  2 | On Loan: No      |
| FIRST QUANTUM MINERALS L                          | First Quantum Minerals Ltd                                                       | CUSIP: 335934AR6<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | DBT              | CORP              | CA        |   1250000 | PA      | $1183777.00   | 0.39%             | 2026-03-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| LAMAR MEDIA CORP                                  | Lamar Media Corp                                                                 | CUSIP: 513075BW0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2708000 | PA      | $2486422.72   | 0.81%             | 2029-01-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Ivanti Software, Inc.                             | Ivanti Software, Inc. 2021 2nd Lien Term Loan                                    | CUSIP: 46583HAC4<br>LEI: 254900GHAXAYKWDX9F60 | Long             | LON              | CORP              | US        |   1250000 | PA      | $704687.50    | 0.23%             | 2028-12-01      | Floating      | 12.01%                | No            |                  2 | On Loan: No      |
| Golden Entertainment Inc                          | Golden Entertainment Inc                                                         | CUSIP: 381013AA9<br>LEI: 549300P8YYCKQVJ0Y638 | Long             | DBT              | CORP              | US        |   3750000 | PA      | $3696060.64   | 1.20%             | 2026-04-15      | Fixed         | 7.63%                 | No            |                  2 | On Loan: No      |
| STANDARD INDUSTRIES INC                           | Standard Industries Inc/NJ                                                       | CUSIP: 853496AC1<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |   2400000 | PA      | $2214559.34   | 0.72%             | 2027-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Dryden Senior Loan Fund                           | Dryden 40 Senior Loan Fund                                                       | CUSIP: 26244FAG2<br>LEI: 549300BH0PFEW6WVTN52 | Long             | ABS-CBDO         | CORP              | KY        |   3000000 | PA      | $2414247.00   | 0.79%             | 2031-08-15      | Floating      | 10.36%                | No            |                  3 | On Loan: No      |
| LBM Acquisition LLC                               | LBM Acquisition LLC Term Loan B                                                  | CUSIP: 50179JAB4<br>LEI: 549300FAEB3VWZL4NI86 | Long             | LON              | CORP              | US        |   2000551 | PA      | $1729856.19   | 0.56%             | 2027-12-17      | Floating      | 7.12%                 | No            |                  2 | On Loan: No      |
| UNIVISION COMMUNICATIONS                          | Univision Communications Inc                                                     | CUSIP: 914906AU6<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1447215.00   | 0.47%             | 2027-06-01      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| Bain Capital Credit CLO, Limited                  | Bain Capital Credit CLO 2021-5 Ltd                                               | CUSIP: 05682FAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $1686654.00   | 0.55%             | 2034-10-23      | Floating      | 10.82%                | No            |                  3 | On Loan: No      |
| Aimco                                             | AIMCO CLO 16 Ltd                                                                 | CUSIP: 00901GAC8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1150000 | PA      | $889688.30    | 0.29%             | 2035-01-17      | Variable      | 0.00%                 | No            |                  3 | On Loan: No      |
| MDVIP, Inc.                                       | MDVIP, Inc. 2021 2nd Lien Term Loan                                              | CUSIP: 56150KAE5<br>LEI: 549300EAB6F7TKRLOT57 | Long             | LON              | CORP              | US        |   2796478 | PA      | $2293111.65   | 0.75%             | 2029-10-15      | Floating      | 10.89%                | No            |                  3 | On Loan: No      |
| Bain Capital Credit CLO, Limited                  | Bain Capital Credit CLO 2020-2 Ltd                                               | CUSIP: 05683JAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1250000 | PA      | $830618.75    | 0.27%             | 2034-07-19      | Variable      | 0.00%                 | No            |                  3 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                          | Ford Motor Credit Co LLC                                                         | CUSIP: 345397C35<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   1465000 | PA      | $1501185.50   | 0.49%             | 2027-11-04      | Fixed         | 7.35%                 | No            |                  2 | On Loan: No      |
| DELL INT LLC / EMC CORP                           | Dell International LLC / EMC Corp                                                | CUSIP: 24703TAD8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2350000 | PA      | $2402596.53   | 0.78%             | 2026-06-15      | Fixed         | 6.02%                 | No            |                  2 | On Loan: No      |
| ANTERO RESOURCES CORP                             | Antero Resources Corp                                                            | CUSIP: 03674XAQ9<br>LEI: APVBKPOULHUX7YZLKU17 | Long             | DBT              | CORP              | US        |   2222000 | PA      | $2234768.55   | 0.73%             | 2029-02-01      | Fixed         | 7.63%                 | No            |                  2 | On Loan: No      |
| Bain Capital Credit CLO, Limited                  | Bain Capital Credit CLO 2019-2                                                   | CUSIP: 05682MAE5<br>LEI: 549300WZ8E2KQS66KT95 | Long             | ABS-CBDO         | CORP              | KY        |   2500000 | PA      | $2185280.00   | 0.71%             | 2032-10-17      | Floating      | 10.40%                | No            |                  3 | On Loan: No      |
| Elmwood CLO XI Ltd                                | Elmwood CLO XI Ltd                                                               | CUSIP: 29002MAC2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1200000 | PA      | $1079419.20   | 0.35%             | 2034-10-20      | Variable      | 0.00%                 | No            |                  3 | On Loan: No      |
| Ivanti Software, Inc.                             | Ivanti Software, Inc. 2020 Revolver                                              | CUSIP: 46583DAC3<br>LEI: 254900GHAXAYKWDX9F60 | Long             | LON              | CORP              | US        |    250000 | PA      | $193542.50    | 0.06%             | 2025-12-01      | Floating      | 10.25%                | No            |                  3 | On Loan: No      |
| Madison Park Funding Ltd                          | Madison Park Funding XXXVI Ltd                                                   | CUSIP: 55819NAE4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $886085.00    | 0.29%             | 2035-04-15      | Floating      | 10.91%                | No            |                  3 | On Loan: No      |
| Generate CLO 8 Ltd.                               | Generate CLO 8 Ltd                                                               | CUSIP: 37148GAA7<br>LEI: 2549002O2LJ1LE1W2D54 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $922603.00    | 0.30%             | 2034-10-20      | Floating      | 11.19%                | No            |                  3 | On Loan: No      |
| CLARIOS GLOBAL LP/US FIN                          | Clarios Global LP / Clarios US Finance Co                                        | CUSIP: 69867DAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1469946.90   | 0.48%             | 2027-05-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Elmwood CLO II Ltd.                               | Elmwood CLO II Ltd                                                               | CUSIP: 29001RAE8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1500000 | PA      | $1393704.00   | 0.45%             | 2034-04-20      | Floating      | 11.04%                | No            |                  3 | On Loan: No      |
| UBER TECHNOLOGIES INC                             | Uber Technologies Inc                                                            | CUSIP: 90353TAC4<br>LEI: 549300B2FTG34FILDR98 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1505162.63   | 0.49%             | 2026-11-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Vibrant CLO Ltd                                   | Vibrant Clo X Ltd                                                                | CUSIP: 92558LAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3000000 | PA      | $2334477.00   | 0.76%             | 2031-10-20      | Floating      | 10.43%                | No            |                  3 | On Loan: No      |
| Elmwood CLO III Ltd                               | Elmwood CLO III Ltd                                                              | CUSIP: 29002JAG0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1750000 | PA      | $1603178.50   | 0.52%             | 2034-10-20      | Floating      | 10.74%                | No            |                  3 | On Loan: No      |
| SABRE GLBL INC                                    | Sabre GLBL Inc                                                                   | CUSIP: 78573NAF9<br>LEI: F2TJC7HPPHLHU1AQMP98 | Long             | DBT              | CORP              | US        |   3750000 | PA      | $3583435.09   | 1.17%             | 2025-09-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| MOSS CREEK RESOURCES HLD                          | Moss Creek Resources Holdings Inc                                                | CUSIP: 61965RAA3<br>LEI: 54930037SLMSPWKYIX36 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1350330.00   | 0.44%             | 2026-01-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| CHENIERE ENERGY PARTNERS                          | Cheniere Energy Partners LP                                                      | CUSIP: 16411QAG6<br>LEI: 5493005UEC8AZ34LDV29 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2249458.63   | 0.73%             | 2029-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Cedar Funding Ltd                                 | Cedar Funding V CLO Ltd                                                          | CUSIP: 15032BAC9<br>LEI: 635400NWFWJ92O7QGD64 | Long             | ABS-CBDO         | CORP              | KY        |   2546000 | PA      | $1576620.68   | 0.51%             | 2031-07-17      | Variable      | 0.00%                 | No            |                  3 | On Loan: No      |
| Invesco CLO LTD                                   | Invesco CLO 2021-3 Ltd                                                           | CUSIP: 46145KAC8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    113000 | PA      | $32257.26     | 0.01%             | 2034-10-22      | Variable      | 0.00%                 | No            |                  3 | On Loan: No      |
| LCM Ltd Partnership                               | LCM XXIII Ltd                                                                    | CUSIP: 52111RAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3000000 | PA      | $2267127.00   | 0.74%             | 2029-10-20      | Floating      | 11.29%                | No            |                  3 | On Loan: No      |
| OWENS-BROCKWAY                                    | Owens-Brockway Glass Container Inc                                               | CUSIP: 69073TAS2<br>LEI: V2UQUCDZJ9WY98W8QU33 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2898890.37   | 0.94%             | 2025-08-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| CSC Holdings LLC                                  | CSC Holdings LLC                                                                 | CUSIP: 126307AY3<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $2710000.00   | 0.88%             | 2028-04-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Allegro CLO Ltd                                   | Allegro CLO V Ltd                                                                | CUSIP: 01748WAC8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $412586.00    | 0.13%             | 2030-10-16      | Variable      | 0.00%                 | No            |                  3 | On Loan: No      |
| American Money Management Corporation             | AMMC CLO 22 Ltd                                                                  | CUSIP: 00176NAL1<br>LEI: 549300ZW9D4NPX7LOC22 | Long             | ABS-CBDO         | CORP              | KY        |   3000000 | PA      | $2512935.00   | 0.82%             | 2031-04-25      | Floating      | 9.86%                 | No            |                  3 | On Loan: No      |
| Whatabrands LLC                                   | Whatabrands LLC 2021 Term Loan B                                                 | CUSIP: 96244UAF4<br>LEI: 254900HMMX4HTWIP0085 | Long             | LON              | CORP              | US        |   2496222 | PA      | $2409378.11   | 0.79%             | 2028-08-03      | Floating      | 7.63%                 | No            |                  2 | On Loan: No      |
| ILLUMINATE MERGER SUB CORP.                       | Illuminate Merger Sub Corp. 2nd Lien Term Loan                                   | CUSIP: 91823JAE2<br>LEI: 549300K4B21TSY42LF51 | Long             | LON              | CORP              | US        |   2347762 | PA      | $1944721.79   | 0.63%             | 2029-07-23      | Floating      | 11.13%                | No            |                  2 | On Loan: No      |
| Sixth Street CLO LTD.                             | Sixth Street CLO XX Ltd                                                          | CUSIP: 83012RAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1250000 | PA      | $1155610.00   | 0.38%             | 2034-10-20      | Floating      | 10.39%                | No            |                  3 | On Loan: No      |
| CIFC Funding Ltd                                  | CIFC Funding 2018-V Ltd                                                          | CUSIP: 12551XAC9<br>LEI: 2549007CW2XYI54L0R94 | Long             | ABS-CBDO         | CORP              | KY        |    375000 | PA      | $180356.25    | 0.06%             | 2032-01-15      | Variable      | 0.00%                 | No            |                  3 | On Loan: No      |
| SkyMiles IP Ltd.                                  | SkyMiles IP Ltd. 2020 Skymiles Term Loan B                                       | CUSIP: 24736CBS2<br>LEI: 2549008L7P4I8VB90936 | Long             | LON              | CORP              | US        |   2000000 | PA      | $2036000.00   | 0.66%             | 2027-10-20      | Floating      | 7.99%                 | No            |                  2 | On Loan: No      |
| TELESAT CANADA/TELESAT L                          | Telesat Canada / Telesat LLC                                                     | CUSIP: 87952VAM8<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    913000 | PA      | $264086.40    | 0.09%             | 2027-10-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| LCM Ltd Partnership                               | LCM XXIII Ltd                                                                    | CUSIP: 52111TAA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3100000 | PA      | $474724.70    | 0.15%             | 2029-10-20      | Variable      | 5.82%                 | No            |                  3 | On Loan: No      |
| ALTICE FRANCE HOLDING SA                          | Altice France Holding SA                                                         | CUSIP: 02156TAB0<br>LEI: 5299000JVHXKJPOE6H40 | Long             | DBT              | CORP              | LU        |   3299000 | PA      | $2515487.50   | 0.82%             | 2027-05-15      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| Seagate HDD Cayman                                | Seagate HDD Cayman                                                               | CUSIP: 81180WAN1<br>LEI: 529900BD50TRWEG1SF63 | Long             | DBT              | CORP              | KY        |   3500000 | PA      | $2967580.14   | 0.97%             | 2034-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CP ATLAS BUYER INC                                | CP Atlas Buyer Inc                                                               | CUSIP: 12597YAA7<br>LEI: 2549006ZZ07G0NDDCR36 | Long             | DBT              | CORP              | US        |   3500000 | PA      | $2599326.07   | 0.85%             | 2028-12-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| WESTERN MIDSTREAM OPERAT                          | Western Midstream Operating LP                                                   | CUSIP: 958667AA5<br>LEI: L6D8A6MLSY454J2JXJ60 | Long             | DBT              | CORP              | US        |   2125000 | PA      | $1731479.56   | 0.56%             | 2050-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| HCA Inc                                           | HCA Inc                                                                          | CUSIP: 197677AG2<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |   4750000 | PA      | $4982613.06   | 1.62%             | 2025-06-15      | Fixed         | 7.69%                 | No            |                  2 | On Loan: No      |
| Wellman Park CLO Ltd                              | Wellman Park CLO Ltd                                                             | CUSIP: 94972AAG9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2500000 | PA      | $77522.50     | 0.03%             | 2034-07-15      | None          | 0.00%                 | No            |                  3 | On Loan: No      |
| Sound Point CLO LTD                               | Sound Point CLO XXVI Ltd                                                         | CUSIP: 83615BAJ7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $798821.00    | 0.26%             | 2034-07-20      | Floating      | 11.10%                | No            |                  3 | On Loan: No      |
| CDK Global, Inc.                                  | CDK Global, Inc. 2022 USD Term Loan B                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2547468 | PA      | $2521407.75   | 0.82%             | 2029-07-06      | Variable      | 9.08%                 | No            |                  2 | On Loan: No      |
| CITGO HOLDING INC                                 | Citgo Holding Inc                                                                | CUSIP: 17302WAB4<br>LEI: 549300NYHOALWZ2BSL72 | Long             | DBT              | CORP              | US        |   1750000 | PA      | $1745925.77   | 0.57%             | 2024-08-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| Ally Financial Inc                                | Ally Financial Inc                                                               | CUSIP: 36186CBY8<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2072747.98   | 0.68%             | 2031-11-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Bain Capital Credit CLO, Limited                  | Bain Capital Credit Clo 2019-4 Ltd                                               | CUSIP: 05682XAE1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |   1000000 | PA      | $857967.00    | 0.28%             | 2035-04-23      | Floating      | 12.04%                | No            |                  3 | On Loan: No      |
| LIFEPT/LEGACY LIFEPT                              | RegionalCare Hospital Partners Holdings Inc / LifePoint Health Inc               | CUSIP: 53219LAR0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3750000 | PA      | $3017662.50   | 0.98%             | 2026-12-01      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| CIFC Funding Ltd                                  | CIFC Funding 2021-VI Ltd                                                         | CUSIP: 12570PAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $1817028.00   | 0.59%             | 2034-10-15      | Floating      | 10.33%                | No            |                  3 | On Loan: No      |
| NGL ENRGY OP/FIN CORP                             | NGL Energy Operating LLC / NGL Energy Finance Corp                               | CUSIP: 62922LAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3095000 | PA      | $2751686.82   | 0.90%             | 2026-02-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Signal Peak CLO, LLC                              | Signal Peak CLO 8 Ltd                                                            | CUSIP: 56845QAC7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   4000000 | PA      | $2865352.00   | 0.93%             | 2033-04-20      | Variable      | 14.79%                | No            |                  3 | On Loan: No      |
| CHART INDUSTRIES INC                              | Chart Industries Inc                                                             | CUSIP: 000000000<br>LEI: EM7QGKC1GYOF3LSZSL80 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1004300.00   | 0.33%             | 2030-01-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-02-13

**Name of Applicant:** Ares Dynamic Credit Allocation Fund, Inc.

**Signature:** Scott Lem

**Name of Signer:** Scott Lem

**Title:** Chief Accounting Officer