# EDGAR Filing Document

**Accession Number:** 0001810523
**File Stem:** 0001752724-25-174430
**Filing Date:** 2025-7
**Character Count:** 128917
**Document Hash:** 9c20d7b65f05fade352606048874fd49
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-174430.hdr.sgml**: 20250723

**ACCESSION NUMBER**: 0001752724-25-174430

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250530

**FILED AS OF DATE**: 20250723

**DATE AS OF CHANGE**: 20250723

**PERIOD START**: 20250531

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FIRST TRUST HIGH YIELD OPPORTUNITIES 2027 TERM FUND
- **CENTRAL INDEX KEY:** 0001810523

**ORGANIZATION NAME:**
- **EIN:** 851075664
- **FISCAL YEAR END:** 0531

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23565
- **FILM NUMBER:** 251141910

**BUSINESS ADDRESS:**
- **STREET 1:** 120 EAST LIBERTY DRIVE, SUITE 400
- **CITY:** WHEATON
- **STATE:** IL
- **ZIP:** 60187
- **BUSINESS PHONE:** 630-765-8000

**MAIL ADDRESS:**
- **STREET 1:** 120 EAST LIBERTY DRIVE, SUITE 400
- **CITY:** WHEATON
- **STATE:** IL
- **ZIP:** 60187

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FIRST TRUST HIGH YIELD OPPORTUNITIES 2032 TARGET TERM FUND
- **DATE OF NAME CHANGE:** 20200424

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FIRST TRUST HIGH YIELD OPPORTUNITIES 2032 TERM FUND
- **DATE OF NAME CHANGE:** 20200424

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FIRST TRUST HIGH YIELD OPPORTUNITIES 2027 TERM FUND
- **DATE OF NAME CHANGE:** 20200423

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** First Trust High Yield Opportunities 2027 Term Fund

- **b. Investment Company Act file number:** 811-23565

- **c. CIK number of Registrant:** 0001810523

- **d. LEI of Registrant:** 549300VWTG40J7RZE994

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

  - **Street Address 1:** 120 EAST LIBERTY DRIVE, SUITE 400

  - **City:** WHEATON

  - **State:** IL

  - **Foreign country:** US

  - **Zip / Postal Code:** 60187

  - **Telephone number:** 630-765-8000

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

- **a. Name of Series:** First Trust High Yield Opportunities 2027 Term Fund

- **c. LEI of Series:** 549300VWTG40J7RZE994

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

- **a. Date of fiscal year-end:** 2025-05-31

- **b. Date as of which information is reported:** 2025-05-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $735832222.88

**Total Liabilities:** $183346753.08

**Net Assets:** $552485469.80

**Delayed Delivery Securities:** $3994216.25

**Cash Not Reported:** $2361967.14

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 0.11211000 | **1-Year:** 2982.16308000 | **5-Year:** 4745.97468000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

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

- **3-Month:** 925.59756000 | **1-Year:** 77379.17233000 | **5-Year:** 107116.78702000 | **10-Year:** 2166.87247000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000000000 | -0.92%               | -0.87%               | 2.22%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-1321952.01             | $-7667234.89                               |
| Month 2  | $-2297275.70             | $2320822.14                                |
| Month 3  | $581085.41               | $5959453.93                                |

**Designated Index Information**

- **Index Name:** The Fund's Designated Reference Portfolio is the Fund's Securities Portfolio.

- **Index Identifier:** N/A

### Schedule of Portfolio Investments

| Name                                                                | Title                                                                           | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| CSC HOLDINGS LLC                                                    | CSC Holdings LLC                                                                | CUSIP: 126307BH9<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |   7469000 | PA      | $5055966.27   | 0.92%             | 2031-11-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| SERVICE CORP INTL                                                   | Service Corp International/US                                                   | CUSIP: 817565CH5<br>LEI: 549300RKVM2ME20JHZ15 | Long             | DBT              | CORP              | US        |   1207000 | PA      | $1200951.24   | 0.22%             | 2032-10-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUE                                               | Venture Global Plaquemines LNG LLC                                              | CUSIP: 922966AA4<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |    143000 | PA      | $149483.33    | 0.03%             | 2033-05-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| RAISING CANE'S RESTAURAN                                            | Raising Cane's Restaurants LLC                                                  | CUSIP: 75103AAA3<br>LEI: 254900V6ADXFWHYOED66 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1328078.75   | 0.24%             | 2029-05-01      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| SS&C TECHNOLOGIES INC                                               | SS&C Technologies Inc                                                           | CUSIP: 78466CAD8<br>LEI: 549300KY09TR3J12JU49 | Long             | DBT              | CORP              | US        |   1643000 | PA      | $1688259.72   | 0.31%             | 2032-06-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| STANDARD INDUSTRI INC/NY                                            | Standard Industries Inc/NY                                                      | CUSIP: 853496AD9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    574000 | PA      | $563992.60    | 0.10%             | 2028-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ENERGIZER HOLDINGS INC                                              | Energizer Holdings Inc                                                          | CUSIP: 29272WAC3<br>LEI: 5493000D6NN0V57UME20 | Long             | DBT              | CORP              | US        |   1746000 | PA      | $1685309.74   | 0.31%             | 2028-06-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| BOOST NEWCO BORROWER LLC                                            | Boost Newco Borrower LLC                                                        | CUSIP: 36268NAA8<br>LEI: 254900S8RE1OL7TTCU64 | Long             | DBT              | CORP              | US        |    638000 | PA      | $675440.39    | 0.12%             | 2031-01-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| AXON ENTERPRISE INC                                                 | Axon Enterprise Inc                                                             | CUSIP: 05464CAD3<br>LEI: 549300QP2IEEGFE16681 | Long             | DBT              | CORP              | US        |    280000 | PA      | $284781.84    | 0.05%             | 2033-03-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| X Corp (f/k/a Twitter Inc)                                          | X CORP                                                                          | CUSIP: 90184NAG3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2708067 | PA      | $2685305.79   | 0.49%             | 2029-10-26      | Floating      | 10.95%                | No            |                  2 | On Loan: No      |
| FIRSTCASH INC                                                       | FirstCash Inc                                                                   | CUSIP: 33767DAD7<br>LEI: 549300V2X3UU7K0DG350 | Long             | DBT              | CORP              | US        |   2904000 | PA      | $2980254.54   | 0.54%             | 2032-03-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| BUILDERS FIRSTSOURCE INC                                            | Builders FirstSource Inc                                                        | CUSIP: 12008RAS6<br>LEI: 549300W0SKP6L3H7DP63 | Long             | DBT              | CORP              | US        |   2241000 | PA      | $2235579.69   | 0.40%             | 2034-03-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| LAMB WESTON HLD                                                     | Lamb Weston Holdings Inc                                                        | CUSIP: 513272AC8<br>LEI: 5493005SMYID1D2OY946 | Long             | DBT              | CORP              | US        |    623000 | PA      | $615788.03    | 0.11%             | 2028-05-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| CLOUD SOFTWARE GRP INC                                              | Cloud Software Group Inc                                                        | CUSIP: 18912UAC6<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |   2879000 | PA      | $3030182.05   | 0.55%             | 2032-06-30      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| AMER SPORTS COMPANY                                                 | Amer Sports Co                                                                  | CUSIP: 02352NAA7<br>LEI: 549300NRKH9WF70VFC95 | Long             | DBT              | CORP              | US        |    611000 | PA      | $635770.18    | 0.12%             | 2031-02-16      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUE                                               | Venture Global Plaquemines LNG LLC                                              | CUSIP: 922966AB2<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |    286000 | PA      | $301425.70    | 0.05%             | 2035-05-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| ELLUCIAN HOLDINGS INC                                               | Ellucian Holdings Inc                                                           | CUSIP: 289178AA3<br>LEI: 549300RP8NIJ7FY7OS79 | Long             | DBT              | CORP              | US        |    661000 | PA      | $669220.86    | 0.12%             | 2029-12-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| STATION CASINOS LLC                                                 | Station Casinos LLC                                                             | CUSIP: 857691AH2<br>LEI: 5493004E7Q60TX54WL62 | Long             | DBT              | CORP              | US        |    408000 | PA      | $373750.60    | 0.07%             | 2031-12-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| ENERGIZER HOLDINGS INC                                              | Energizer Holdings Inc                                                          | CUSIP: 29272WAF6<br>LEI: 5493000D6NN0V57UME20 | Long             | DBT              | CORP              | US        |   2733000 | PA      | $2753278.86   | 0.50%             | 2027-12-31      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| OPEN TEXT CORP                                                      | Open Text Corp                                                                  | CUSIP: 683715AD8<br>LEI: 549300HP7ONDQODZJV16 | Long             | DBT              | CORP              | CA        |   2108000 | PA      | $1964157.04   | 0.36%             | 2029-12-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| CLARIOS GLOBAL LP/US FIN                                            | Clarios Global LP / Clarios US Finance Co                                       | CUSIP: 69867DAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |   8691000 | PA      | $8744832.05   | 1.58%             | 2027-05-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| TRINET GROUP INC                                                    | TriNet Group Inc                                                                | CUSIP: 896288AC1<br>LEI: 5299003FJVBETSFKE990 | Long             | DBT              | CORP              | US        |   3756000 | PA      | $3874869.89   | 0.70%             | 2031-08-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| GO DADDY OPCO/FINCO                                                 | Go Daddy Operating Co LLC / GD Finance Co Inc                                   | CUSIP: 38016LAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4210000 | PA      | $4187734.99   | 0.76%             | 2027-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Gainwell Acquisition Corp                                           | Gainwell Acquisition Corp                                                       | CUSIP: 59909TAC8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   7649212 | PA      | $7347067.91   | 1.33%             | 2027-10-01      | Floating      | 8.40%                 | No            |                  2 | On Loan: No      |
| Camelot US Acquisition I Co                                         | CAMELOT US ACQUISITION LLC                                                      | CUSIP: 000000000<br>LEI: 549300U6VBJHQP2SFL81 | Long             | LON              | CORP              | US        |   1575540 | PA      | $1575539.57   | 0.29%             | 2031-01-31      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CROWN AMERICAS LLC                                                  | Crown Americas LLC                                                              | CUSIP: 228180AB1<br>LEI: RPPGGRL1J75WGF2DFO04 | Long             | DBT              | CORP              | US        |     75000 | PA      | $74774.13     | 0.01%             | 2030-04-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| OneDigital Borrower LLC                                             | ONEDIGITAL BORROWER LLC                                                         | CUSIP: 68252HAB0<br>LEI: 2549009GTKWWAO1E9X77 | Long             | LON              | CORP              | US        |   5301150 | PA      | $5251451.72   | 0.95%             | 2032-07-02      | Floating      | 9.58%                 | No            |                  2 | On Loan: No      |
| LIGHT & WONDER INTL INC                                             | Light & Wonder International Inc                                                | CUSIP: 531968AA3<br>LEI: RLTHESQ0RNFQJWPBJN60 | Long             | DBT              | CORP              | US        |   1163000 | PA      | $1202555.96   | 0.22%             | 2031-09-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| GARDA WORLD SECURITY                                                | Garda World Security Corp                                                       | CUSIP: 36485MAP4<br>LEI: 549300ZF1NDXLMCHNO20 | Long             | DBT              | CORP              | CA        |   1710000 | PA      | $1716987.06   | 0.31%             | 2032-11-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| BALL CORP                                                           | Ball Corp                                                                       | CUSIP: 058498AW6<br>LEI: 0BGI85ALH27ZJP15DY16 | Long             | DBT              | CORP              | US        |   4227000 | PA      | $3749539.22   | 0.68%             | 2030-08-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| SS&C TECHNOLOGIES INC                                               | SS&C Technologies Inc                                                           | CUSIP: 78466CAC0<br>LEI: 549300KY09TR3J12JU49 | Long             | DBT              | CORP              | US        |  15859000 | PA      | $15851225.92  | 2.87%             | 2027-09-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SCIH SALT HOLDINGS INC                                              | SCIH Salt Holdings Inc                                                          | CUSIP: 78433BAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    300000 | PA      | $294591.00    | 0.05%             | 2029-05-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| GoTo Group Inc                                                      | GOTO GROUP INC                                                                  | CUSIP: 38349FAC0<br>LEI: 549300D12V5KRBV00592 | Long             | LON              | CORP              | US        |   2963178 | PA      | $2609463.37   | 0.47%             | 2028-04-30      | Floating      | 9.63%                 | No            |                  2 | On Loan: No      |
| OPEN TEXT CORP                                                      | Open Text Corp                                                                  | CUSIP: 683715AC0<br>LEI: 549300HP7ONDQODZJV16 | Long             | DBT              | CORP              | CA        |   5604000 | PA      | $5373016.01   | 0.97%             | 2028-02-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                                              | Venture Global LNG Inc                                                          | CUSIP: 92332YAD3<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |   2540000 | PA      | $2703756.34   | 0.49%             | 2032-02-01      | Fixed         | 9.88%                 | No            |                  2 | On Loan: No      |
| ALLIANT HOLD / CO-ISSUER                                            | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer                  | CUSIP: 01883LAD5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    210000 | PA      | $206441.89    | 0.04%             | 2029-11-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                                       | TransDigm Inc                                                                   | CUSIP: 893647BR7<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |   3403000 | PA      | $3466302.61   | 0.63%             | 2028-08-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| BELLRING BRANDS INC                                                 | BellRing Brands Inc                                                             | CUSIP: 07831CAA1<br>LEI: 549300S3BOK5CMTS8054 | Long             | DBT              | CORP              | US        |   1002000 | PA      | $1042153.15   | 0.19%             | 2030-03-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| STATION CASINOS LLC                                                 | Station Casinos LLC                                                             | CUSIP: 857691AG4<br>LEI: 5493004E7Q60TX54WL62 | Long             | DBT              | CORP              | US        |   2286000 | PA      | $2218512.07   | 0.40%             | 2028-02-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| FORTREA HOLDINGS INC                                                | Fortrea Holdings Inc                                                            | CUSIP: 34965KAA5<br>LEI: 5493000FIVFABOVCDU97 | Long             | DBT              | CORP              | US        |    794000 | PA      | $662877.89    | 0.12%             | 2030-07-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Broadstreet Partners Inc                                            | BROADSTREET PARTNERS INC                                                        | CUSIP: 11132VAY5<br>LEI: 549300BS9N54G8DD0R75 | Long             | LON              | CORP              | US        |   2892990 | PA      | $2899326.08   | 0.52%             | 2031-06-13      | Floating      | 7.33%                 | No            |                  2 | On Loan: No      |
| SCOTTS MIRACLE-GRO CO                                               | Scotts Miracle-Gro Co/The                                                       | CUSIP: 810186AS5<br>LEI: 2TH9E0JTOUXOEGI2R879 | Long             | DBT              | CORP              | US        |   3202000 | PA      | $3048316.17   | 0.55%             | 2029-10-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ROCKIES EXPRESS PIPELINE                                            | Rockies Express Pipeline LLC                                                    | CUSIP: 77340RAU1<br>LEI: W2ZGZGZKY5GGNY6F3V51 | Long             | DBT              | CORP              | US        |    280000 | PA      | $288735.16    | 0.05%             | 2033-03-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| EQUIPMENTSHARE.COM INC                                              | EquipmentShare.com Inc                                                          | CUSIP: 29450YAC3<br>LEI: 254900PWJK48CGPKPI80 | Long             | DBT              | CORP              | US        |   1502000 | PA      | $1544434.50   | 0.28%             | 2033-03-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| FERTITTA ENTERTAINMENT                                              | Fertitta Entertainment LLC / Fertitta Entertainment Finance Co Inc              | CUSIP: 31556TAC3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3891000 | PA      | $3536781.26   | 0.64%             | 2030-01-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Kaseya Inc.                                                         | KASEYA INC                                                                      | CUSIP: 000000000<br>LEI: 254900MISXMLRZ63NH46 | Long             | LON              | CORP              | US        |    131425 | PA      | $131486.84    | 0.02%             | 2033-03-05      | Floating      | 9.33%                 | No            |                  2 | On Loan: No      |
| SIRIUS XM RADIO LLC                                                 | Sirius XM Radio LLC                                                             | CUSIP: 82967NBC1<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |    343000 | PA      | $337604.64    | 0.06%             | 2029-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| VERITIV OPERATING CO                                                | Veritiv Operating Co                                                            | CUSIP: 92339LAA0<br>LEI: 5493004G8OK5L1UTIY12 | Long             | DBT              | CORP              | US        |   2677000 | PA      | $2850616.84   | 0.52%             | 2030-11-30      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| ARDONAGH FINCO LTD                                                  | Ardonagh Finco Ltd                                                              | CUSIP: 039853AA4<br>LEI: 254900D2T84O1K03BA28 | Long             | DBT              | CORP              | JE        |   7500000 | PA      | $7760445.00   | 1.40%             | 2031-02-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| LIFE TIME INC                                                       | Life Time Inc                                                                   | CUSIP: 53190FAE5<br>LEI: 549300PALKE96VYH4X17 | Long             | DBT              | CORP              | US        |    876000 | PA      | $878539.52    | 0.16%             | 2031-11-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ZIPRECRUITER INC                                                    | ZipRecruiter Inc                                                                | CUSIP: 98980BAA1<br>LEI: 549300HLOVNNFCY2IV80 | Long             | DBT              | CORP              | US        |   4115000 | PA      | $3553029.26   | 0.64%             | 2030-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NAVIENT CORP                                                        | Navient Corp                                                                    | CUSIP: 63938CAQ1<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |    291000 | PA      | $293845.16    | 0.05%             | 2032-06-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| GFL ENVIRONMENTAL INC                                               | GFL Environmental Inc                                                           | CUSIP: 36168QAQ7<br>LEI: 549300FYK4MBXWIVZU26 | Long             | DBT              | CORP              | CA        |   2750000 | PA      | $2856009.75   | 0.52%             | 2031-01-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| SELECT MEDICAL CORP                                                 | Select Medical Corp                                                             | CUSIP: 816196AV1<br>LEI: 549300X05KS0JKR8CB50 | Long             | DBT              | CORP              | US        |   7659000 | PA      | $7597195.62   | 1.38%             | 2032-12-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| CARS.COM INC                                                        | Cars.com Inc                                                                    | CUSIP: 14575EAA3<br>LEI: 5493002G6J07LNGX4M98 | Long             | DBT              | CORP              | US        |   2101000 | PA      | $2100816.79   | 0.38%             | 2028-11-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| SEALED AIR CORP                                                     | Sealed Air Corp                                                                 | CUSIP: 81211KBA7<br>LEI: Q0M0CZB4YN6JZ65WXI09 | Long             | DBT              | CORP              | US        |    566000 | PA      | $556123.30    | 0.10%             | 2029-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BRINKER INTERNATIONAL IN                                            | Brinker International Inc                                                       | CUSIP: 109641AK6<br>LEI: 52990067JY6PBGJNTG76 | Long             | DBT              | CORP              | US        |    515000 | PA      | $545295.39    | 0.10%             | 2030-07-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| ALLIANT HOLD / CO-ISSUER                                            | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer                  | CUSIP: 01883LAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   7065000 | PA      | $7067619.28   | 1.28%             | 2027-10-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| STAR PARENT INC                                                     | Star Parent Inc                                                                 | CUSIP: 855170AA4<br>LEI: 254900GRGCJYRMDRWT73 | Long             | DBT              | CORP              | US        |   2318000 | PA      | $2398710.14   | 0.43%             | 2030-10-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| VAIL RESORTS INC                                                    | Vail Resorts Inc                                                                | CUSIP: 91879QAP4<br>LEI: 529900PSZHRNU9HKH870 | Long             | DBT              | CORP              | US        |    937000 | PA      | $960447.49    | 0.17%             | 2032-05-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| LABL INC                                                            | LABL Inc                                                                        | CUSIP: 50168QAF2<br>LEI: 5493004FUZN8R6Y3VB98 | Long             | DBT              | CORP              | US        |   1440000 | PA      | $1193409.79   | 0.22%             | 2031-10-01      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| CACI INTERNATIONAL INC                                              | CACI International Inc                                                          | CUSIP: 127190AE6<br>LEI: SYRPI2D1O9WRTS2WX210 | Long             | DBT              | CORP              | US        |    282000 | PA      | $287834.58    | 0.05%             | 2033-06-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| BALDWIN INSUR GRP/FIN                                               | Baldwin Insurance Group Holdings LLC / Baldwin Insurance Group Holdings Finance | CUSIP: 05825XAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   7764000 | PA      | $8009233.70   | 1.45%             | 2031-05-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                                       | TransDigm Inc                                                                   | CUSIP: 893647BU0<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |    158000 | PA      | $160772.43    | 0.03%             | 2029-03-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| MAGNERA CORP                                                        | Magnera Corp                                                                    | CUSIP: 55939AAA5<br>LEI: 549300LDQLQBT38QDY28 | Long             | DBT              | CORP              | US        |   1295000 | PA      | $1185844.45   | 0.21%             | 2031-11-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| DISH NETWORK CORP                                                   | DISH Network Corp                                                               | CUSIP: 25470MAG4<br>LEI: 529900U350CWHH15G169 | Long             | DBT              | CORP              | US        |   2458000 | PA      | $2537592.50   | 0.46%             | 2027-11-15      | Fixed         | 11.75%                | No            |                  2 | On Loan: No      |
| WRANGLER HOLDCO CORP                                                | Wrangler Holdco Corp                                                            | CUSIP: 37441QAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    618000 | PA      | $637788.36    | 0.12%             | 2032-04-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| MEDLINE BORROWER LP                                                 | Medline Borrower LP                                                             | CUSIP: 62482BAA0<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |   5020000 | PA      | $4735022.63   | 0.86%             | 2029-04-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| CUSHMAN & WAKEFIELD US                                              | Cushman & Wakefield US Borrower LLC                                             | CUSIP: 23166MAC7<br>LEI: 549300870CMN3WI5IF97 | Long             | DBT              | CORP              | US        |    737000 | PA      | $788800.05    | 0.14%             | 2031-09-01      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| OWENS-BROCKWAY                                                      | Owens-Brockway Glass Container Inc                                              | CUSIP: 69073TAV5<br>LEI: V2UQUCDZJ9WY98W8QU33 | Long             | DBT              | CORP              | US        |    650000 | PA      | $647685.94    | 0.12%             | 2032-06-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| SEALED AIR/SEALED AIR US                                            | Sealed Air Corp/Sealed Air Corp US                                              | CUSIP: 812127AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2070000 | PA      | $2094450.84   | 0.38%             | 2028-02-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Garda World Security Corporation                                    | GARDA WORLD SECURITY                                                            | CUSIP: 000000000<br>LEI: 549300ZF1NDXLMCHNO20 | Long             | LON              | CORP              | CA        |   5459171 | PA      | $5451200.24   | 0.99%             | 2029-02-01      | Floating      | 7.33%                 | No            |                  2 | On Loan: No      |
| Petco Health and Wellness Company Inc                               | Petco Health & Wellness Co Inc                                                  | CUSIP: 71601HAB2<br>LEI: 2549007TYGV6RVSE9M61 | Long             | LON              | CORP              | US        |    489361 | PA      | $454711.69    | 0.08%             | 2028-03-03      | Floating      | 7.81%                 | No            |                  2 | On Loan: No      |
| Dechra Pharmaceuticals Holdings Limited (f/k/a Freya Bidco Limited) | DECHRA FINANCE US                                                               | CUSIP: 24343EAB1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    903881 | PA      | $899361.14    | 0.16%             | 2032-01-27      | Floating      | 7.51%                 | No            |                  2 | On Loan: No      |
| Polaris Newco LLC                                                   | Polaris Newco LLC                                                               | CUSIP: 73108RAB4<br>LEI: 254900LEPDAG7EDOA064 | Long             | LON              | CORP              | US        |   2961637 | PA      | $2874135.29   | 0.52%             | 2028-06-02      | Floating      | 8.29%                 | No            |                  2 | On Loan: No      |
| HIG Finance 2 Limited                                               | HOWDEN GROUP HOLDINGS LTD                                                       | CUSIP: 000000000<br>LEI: 875500V3HPKZIQP10J32 | Long             | LON              | CORP              | GB        |   2936046 | PA      | $2951196.07   | 0.53%             | 2030-04-18      | Floating      | 7.83%                 | No            |                  2 | On Loan: No      |
| Jump Financial LLC                                                  | JUMP FINANCIAL LLC                                                              | CUSIP: 48138UAC1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    946419 | PA      | $951150.66    | 0.17%             | 2032-02-20      | Floating      | 8.55%                 | No            |                  2 | On Loan: No      |
| HERC HOLDINGS INC                                                   | Herc Holdings Inc                                                               | CUSIP: 42704LAA2<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |   1794000 | PA      | $1782068.11   | 0.32%             | 2027-07-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MOLINA HEALTHCARE INC                                               | Molina Healthcare Inc                                                           | CUSIP: 60855RAK6<br>LEI: 549300NQQCEQ46YHZ591 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1829919.00   | 0.33%             | 2030-11-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| CLARIV SCI HLD CORP                                                 | Clarivate Science Holdings Corp                                                 | CUSIP: 18064PAC3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5973000 | PA      | $5692419.52   | 1.03%             | 2028-07-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                                       | TransDigm Inc                                                                   | CUSIP: 893647BV8<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |   2281000 | PA      | $2332904.16   | 0.42%             | 2032-03-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| HOWDEN UK REFINANCE / US                                            | Howden UK Refinance PLC / Howden UK Refinance 2 PLC / Howden US Refinance LLC   | CUSIP: 44287GAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |   1042000 | PA      | $1070526.83   | 0.19%             | 2031-02-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                                              | CCO Holdings LLC / CCO Holdings Capital Corp                                    | CUSIP: 1248EPCT8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3219000 | PA      | $3333676.88   | 0.60%             | 2031-03-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| TRIVIUM PACKAGING FIN                                               | Trivium Packaging Finance BV                                                    | CUSIP: 89686QAD8<br>LEI: 724500GMZWW3PVYET548 | Long             | DBT              | CORP              | NL        |    873000 | PA      | $906491.04    | 0.16%             | 2030-07-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| GEN DIGITAL INC                                                     | Gen Digital Inc                                                                 | CUSIP: 668771AM0<br>LEI: YF6ZV0M6AU4FY94MK914 | Long             | DBT              | CORP              | US        |   2025000 | PA      | $2052546.08   | 0.37%             | 2033-04-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| OneDigital Borrower LLC                                             | ONEDIGITAL BORROWER LLC                                                         | CUSIP: 68277FAN9<br>LEI: 2549009GTKWWAO1E9X77 | Long             | LON              | CORP              | US        |   4731064 | PA      | $4728887.81   | 0.86%             | 2031-07-02      | Floating      | 7.33%                 | No            |                  2 | On Loan: No      |
| Skopima Consilio Parent LLC (FKA GI Consilio)                       | SKOPIMA CONSILIO PARENT LLC                                                     | CUSIP: 36171NAG1<br>LEI: 254900K3R60UMIODZD21 | Long             | LON              | CORP              | US        |   3109227 | PA      | $3100894.38   | 0.56%             | 2028-05-12      | Floating      | 8.08%                 | No            |                  2 | On Loan: No      |
| ATHENAHEALTH GROUP INC                                              | AthenaHealth Group Inc                                                          | CUSIP: 60337JAA4<br>LEI: 254900AA3KZN4Q7A5Z33 | Long             | DBT              | CORP              | US        |   6527000 | PA      | $6294459.31   | 1.14%             | 2030-02-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| MITER BRAND / MIWD BORR                                             | Miter Brands Acquisition Holdco Inc / MIWD Borrower LLC                         | CUSIP: 60672JAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4454000 | PA      | $4490309.01   | 0.81%             | 2032-04-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CORELOGIC INC                                                       | CoreLogic Inc                                                                   | CUSIP: 21871DAD5<br>LEI: 54930086CD8K2UIL0516 | Long             | DBT              | CORP              | US        |    342000 | PA      | $320486.90    | 0.06%             | 2028-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| WILLIAMS SCOTSMAN INC                                               | Williams Scotsman Inc                                                           | CUSIP: 96949VAN3<br>LEI: 549300DAKDS8SCO1OT57 | Long             | DBT              | CORP              | US        |    273000 | PA      | $280024.29    | 0.05%             | 2030-04-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| STANDARD INDUSTRI INC/NY                                            | Standard Industries Inc/NY                                                      | CUSIP: 853496AG2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    858000 | PA      | $805859.25    | 0.15%             | 2030-07-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Radiate Holdco LLC                                                  | Radiate Holdco LLC                                                              | CUSIP: 75025KAH1<br>LEI: 5493000GQJ5RDX9DNJ71 | Long             | LON              | CORP              | US        |    458821 | PA      | $404996.38    | 0.07%             | 2026-09-25      | Floating      | 7.69%                 | No            |                  2 | On Loan: No      |
| X Corp (f/k/a Twitter Inc)                                          | X CORP                                                                          | CUSIP: 90184NAK4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3310572 | PA      | $3299448.83   | 0.60%             | 2029-10-26      | Floating      | 9.50%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                                              | CCO Holdings LLC / CCO Holdings Capital Corp                                    | CUSIP: 1248EPCE1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1953000 | PA      | $1832560.05   | 0.33%             | 2030-08-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Flash Charm Inc (fka Idera Inc)                                     | IDERA INC                                                                       | CUSIP: 45168RAS2<br>LEI: 549300VQ6S3PWR8NUC48 | Long             | LON              | CORP              | US        |   1821938 | PA      | $1591162.06   | 0.29%             | 2029-03-02      | Floating      | 11.18%                | No            |                  2 | On Loan: No      |
| Opal Us LLC                                                         | OPAL US LLC                                                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2220479 | PA      | $2226029.92   | 0.40%             | 2032-04-23      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Mcafee Corp                                                         | MCAFEE CORP                                                                     | CUSIP: 57906HAF4<br>LEI: 2549009UKR8UEZYVCR93 | Long             | LON              | CORP              | US        |    710320 | PA      | $685636.54    | 0.12%             | 2029-03-01      | Floating      | 7.33%                 | No            |                  2 | On Loan: No      |
| ARDONAGH GROUP FINANCE                                              | Ardonagh Group Finance Ltd                                                      | CUSIP: 039956AA5<br>LEI: 254900SRT1BTAJ76NW62 | Long             | DBT              | CORP              | JE        |    556000 | PA      | $574995.18    | 0.10%             | 2032-02-15      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| SINCLAIR TELEVISION GROU                                            | Sinclair Television Group Inc                                                   | CUSIP: 829259AW0<br>LEI: 549300CQGEN0CH65UD62 | Long             | DBT              | CORP              | US        |  14804000 | PA      | $13989780.00  | 2.53%             | 2027-02-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Akorn Operating Company LLC                                         | Akorn Operating Company LLC                                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    220989 | NS      | $8839.56      | 0.00%             |  |  |  | Yes           |                  2 | On Loan: No      |
| SEAWORLD PARKS & ENTERTA                                            | SeaWorld Parks & Entertainment Inc                                              | CUSIP: 81282UAG7<br>LEI: 549300UZV72O3371JJ53 | Long             | DBT              | CORP              | US        |    283000 | PA      | $272208.16    | 0.05%             | 2029-08-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                                       | TransDigm Inc                                                                   | CUSIP: 893647BW6<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |    754000 | PA      | $746635.00    | 0.14%             | 2033-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FIESTA PURCHASER INC                                                | Fiesta Purchaser Inc                                                            | CUSIP: 31659AAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1506000 | PA      | $1579226.24   | 0.29%             | 2032-09-15      | Fixed         | 9.62%                 | No            |                  2 | On Loan: No      |
| Informatica LLC                                                     | INFORMATICA LLC                                                                 | CUSIP: 45673YAL0<br>LEI: 5493007SV33RZV7RPS40 | Long             | LON              | CORP              | US        |   5779459 | PA      | $5805639.49   | 1.05%             | 2028-10-27      | Floating      | 6.58%                 | No            |                  2 | On Loan: No      |
| MCAFEE CORP                                                         | McAfee Corp                                                                     | CUSIP: 579063AB4<br>LEI: 2549009UKR8UEZYVCR93 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2777315.91   | 0.50%             | 2030-02-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| US FOODS INC                                                        | US Foods Inc                                                                    | CUSIP: 90290MAJ0<br>LEI: 5493000JOOFAOUY1JZ87 | Long             | DBT              | CORP              | US        |   2079000 | PA      | $2047609.39   | 0.37%             | 2033-04-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| JANE STREET GRP/JSG FIN                                             | Jane Street Group / JSG Finance Inc                                             | CUSIP: 47077WAE8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    860000 | PA      | $882538.02    | 0.16%             | 2033-05-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| JONES DESLAURIERS INSURA                                            | Jones Deslauriers Insurance Management Inc                                      | CUSIP: 48020RAB1<br>LEI: 549300JQIWNFU00E5424 | Long             | DBT              | CORP              | CA        |   1661000 | PA      | $1745393.75   | 0.32%             | 2030-03-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| OPAL BIDCO                                                          | Opal Bidco SAS                                                                  | CUSIP: 68348BAA1<br>LEI: 969500R96XT7XY2UJ564 | Long             | DBT              | CORP              | FR        |   4426000 | PA      | $4425270.60   | 0.80%             | 2032-03-31      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                                              | CCO Holdings LLC / CCO Holdings Capital Corp                                    | CUSIP: 1248EPCD3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1184000 | PA      | $1131009.01   | 0.20%             | 2030-03-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| FIRSTCASH INC                                                       | FirstCash Inc                                                                   | CUSIP: 33767DAB1<br>LEI: 549300V2X3UU7K0DG350 | Long             | DBT              | CORP              | US        |   3056000 | PA      | $2979574.64   | 0.54%             | 2028-09-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| SIX FLAGS ENT/SIX FLAG                                              | Six Flags Entertainment Corp /Six Flags Theme Parks Inc/ Canada's Wonderland Co | CUSIP: 83002YAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1193000 | PA      | $1217017.48   | 0.22%             | 2032-05-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| RB GLOBAL HOLDINGS INC                                              | RB Global Holdings Inc                                                          | CUSIP: 76774LAB3<br>LEI: 254900LH3N0EGB1LQ203 | Long             | DBT              | CORP              | US        |    901000 | PA      | $921322.62    | 0.17%             | 2028-03-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| SCOTTS MIRACLE-GRO CO                                               | Scotts Miracle-Gro Co/The                                                       | CUSIP: 810186AW6<br>LEI: 2TH9E0JTOUXOEGI2R879 | Long             | DBT              | CORP              | US        |    338000 | PA      | $304647.82    | 0.06%             | 2032-02-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| HUB INTERNATIONAL LTD                                               | HUB International Ltd                                                           | CUSIP: 44332PAH4<br>LEI: 549300JQT6ATTUNS5E06 | Long             | DBT              | CORP              | US        |    925000 | PA      | $963893.48    | 0.17%             | 2030-06-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Starlight Parent LLC                                                | STARLIGHT PARENT LLC                                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1562113 | PA      | $1541617.80   | 0.28%             | 2032-04-16      | Floating      | 8.26%                 | No            |                  2 | On Loan: No      |
| LEVEL 3 FINANCING INC                                               | Level 3 Financing Inc                                                           | CUSIP: 527298BV4<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |   4662000 | PA      | $5294473.21   | 0.96%             | 2029-11-15      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| CALPINE CORP                                                        | Calpine Corp                                                                    | CUSIP: 131347CN4<br>LEI: 43R4VPJBXTU2O15HEF41 | Long             | DBT              | CORP              | US        |   2655000 | PA      | $2633581.85   | 0.48%             | 2028-03-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| PAYSAFE FIN PLC/PAYSAFE                                             | Paysafe Finance PLC / Paysafe Holdings US Corp                                  | CUSIP: 70452AAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |   2498000 | PA      | $2311638.21   | 0.42%             | 2029-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEWELL BRANDS INC                                                   | Newell Brands Inc                                                               | CUSIP: 651229BG0<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |    426000 | PA      | $441782.81    | 0.08%             | 2028-06-01      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| SC GAMES HOLDIN/US FINCO                                            | Scientific Games Holdings LP/Scientific Games US FinCo Inc                      | CUSIP: 80874DAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    293000 | PA      | $277979.91    | 0.05%             | 2030-03-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| HANESBRANDS INC                                                     | Hanesbrands Inc                                                                 | CUSIP: 410345AQ5<br>LEI: GX5LWVWZLL5S4W1L2F20 | Long             | DBT              | CORP              | US        |   2084000 | PA      | $2203754.98   | 0.40%             | 2031-02-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| AXON ENTERPRISE INC                                                 | Axon Enterprise Inc                                                             | CUSIP: 05464CAC5<br>LEI: 549300QP2IEEGFE16681 | Long             | DBT              | CORP              | US        |    420000 | PA      | $429408.07    | 0.08%             | 2030-03-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Star Parent Inc                                                     | STAR PARENT INC                                                                 | CUSIP: 87169DAB1<br>LEI: 254900GRGCJYRMDRWT73 | Long             | LON              | CORP              | US        |   1587970 | PA      | $1563753.34   | 0.28%             | 2030-09-27      | Floating      | 8.30%                 | No            |                  2 | On Loan: No      |
| Spirit Aerosystems Inc                                              | Spirit AeroSystems Inc                                                          | CUSIP: 84857HAY6<br>LEI: ZD2NBKV6GCC3UMGBM518 | Long             | LON              | CORP              | US        |   1565204 | PA      | $1569281.40   | 0.28%             | 2027-01-15      | Floating      | 8.78%                 | No            |                  2 | On Loan: No      |
| FIESTA PURCHASER INC                                                | Fiesta Purchaser Inc                                                            | CUSIP: 31659AAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1198000 | PA      | $1258476.24   | 0.23%             | 2031-03-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| MH Sub I LLC                                                        | MH SUB I LLC                                                                    | CUSIP: 45567YAN5<br>LEI: 2549005VFKP807SR8N49 | Long             | LON              | CORP              | US        |   3354681 | PA      | $3233073.72   | 0.59%             | 2028-05-03      | Floating      | 8.58%                 | No            |                  2 | On Loan: No      |
| RINGCENTRAL INC                                                     | RingCentral Inc                                                                 | CUSIP: 76680RAJ6<br>LEI: 549300C8EH0H1614VE84 | Long             | DBT              | CORP              | US        |   6464000 | PA      | $6832279.94   | 1.24%             | 2030-08-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Amspec Parent LLC                                                   | AMSPEC PARENT LLC                                                               | CUSIP: 03218AAC3<br>LEI: 254900LUGRP5Z7OOV477 | Long             | LON              | CORP              | US        |    153998 | PA      | $155056.66    | 0.03%             | 2031-12-22      | Floating      | 8.55%                 | No            |                  2 | On Loan: No      |
| CANPACK SA/CANPACK US                                               | Canpack SA / Canpack US LLC                                                     | CUSIP: 13806CAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |   1399000 | PA      | $1286165.33   | 0.23%             | 2029-11-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| PANTHER ESCROW ISSUER                                               | Panther Escrow Issuer LLC                                                       | CUSIP: 69867RAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   8880000 | PA      | $9191944.54   | 1.66%             | 2031-06-01      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| UKG Inc                                                             | UKG INC                                                                         | CUSIP: 89841EAB1<br>LEI: 529900FKHWSTQ1GXK240 | Long             | LON              | CORP              | US        |   4711387 | PA      | $4725733.36   | 0.86%             | 2031-02-10      | Floating      | 7.59%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                                       | TransDigm Inc                                                                   | CUSIP: 893647BY2<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |   3665000 | PA      | $3630185.29   | 0.66%             | 2033-05-31      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Truist Insurance Holdings, LLC                                      | TRUIST INSURANCE HOLDING                                                        | CUSIP: 89788VAE2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3988320 | PA      | $4000783.55   | 0.72%             | 2032-05-06      | Floating      | 9.05%                 | No            |                  2 | On Loan: No      |
| PIKE CORP                                                           | Pike Corp                                                                       | CUSIP: 721283AB5<br>LEI: 549300P4EKEP6HK0NC58 | Long             | DBT              | CORP              | US        |   1235000 | PA      | $1331737.55   | 0.24%             | 2031-01-31      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| AMENTUM HOLDINGS INC                                                | Amentum Holdings Inc                                                            | CUSIP: 02352BAA3<br>LEI: 2549009FJIBLW40CU216 | Long             | DBT              | CORP              | US        |    316000 | PA      | $322618.30    | 0.06%             | 2032-08-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| 1011778 BC / NEW RED FIN                                            | 1011778 BC ULC / New Red Finance Inc                                            | CUSIP: 68245XAM1<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |  14344000 | PA      | $13208636.68  | 2.39%             | 2030-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| EMRLD BOR / EMRLD CO-ISS                                            | EMRLD Borrower LP / Emerald Co-Issuer Inc                                       | CUSIP: 29103CAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    561000 | PA      | $567374.97    | 0.10%             | 2030-12-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| GATES CORPORATION/DE                                                | Gates Corp/DE                                                                   | CUSIP: 367398AA2<br>LEI: 984500F43C791F4C7894 | Long             | DBT              | CORP              | US        |    752000 | PA      | $771558.84    | 0.14%             | 2029-07-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| NORDSTROM INC                                                       | Nordstrom Inc                                                                   | CUSIP: 655664AT7<br>LEI: 549300S3IZB5P35KNV16 | Long             | DBT              | CORP              | US        |   1146000 | PA      | $1045426.35   | 0.19%             | 2030-04-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| QXO BUILDING PRODUCTS                                               | QXO Building Products Inc                                                       | CUSIP: 74825NAA5<br>LEI: 549300HDXQWWCBOYXP31 | Long             | DBT              | CORP              | US        |   6731000 | PA      | $6918457.47   | 1.25%             | 2032-04-30      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| HEALTHEQUITY INC                                                    | HealthEquity Inc                                                                | CUSIP: 42226AAA5<br>LEI: 529900LRJU1RAFQHM467 | Long             | DBT              | CORP              | US        |   1515000 | PA      | $1448808.44   | 0.26%             | 2029-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| HOWDEN UK REFINANCE / US                                            | Howden UK Refinance PLC / Howden UK Refinance 2 PLC / Howden US Refinance LLC   | CUSIP: 44287DAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |    211000 | PA      | $216630.32    | 0.04%             | 2032-02-15      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| NEXSTAR MEDIA INC                                                   | Nexstar Media Inc                                                               | CUSIP: 65343HAA9<br>LEI: 5493006PK6I4I2OOT688 | Long             | DBT              | CORP              | US        |   5067000 | PA      | $5049905.46   | 0.91%             | 2027-07-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| LAMB WESTON HLD                                                     | Lamb Weston Holdings Inc                                                        | CUSIP: 513272AE4<br>LEI: 5493005SMYID1D2OY946 | Long             | DBT              | CORP              | US        |   2154000 | PA      | $1988652.71   | 0.36%             | 2032-01-31      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| SNAP INC                                                            | Snap Inc                                                                        | CUSIP: 83304AAL0<br>LEI: 549300JNC0L6VP8A2Q35 | Long             | DBT              | CORP              | US        |   2532000 | PA      | $2567285.95   | 0.46%             | 2033-03-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| ALLIED UNIVERSAL HOLDCO                                             | Allied Universal Holdco LLC                                                     | CUSIP: 019576AD9<br>LEI: 98450038B4549046D794 | Long             | DBT              | CORP              | US        |   1196000 | PA      | $1240298.64   | 0.22%             | 2031-02-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| ADVANCED DRAINAGE SYSTEM                                            | Advanced Drainage Systems Inc                                                   | CUSIP: 00790RAB0<br>LEI: 6QQTOZ5MF5DHM7K92I60 | Long             | DBT              | CORP              | US        |   2445000 | PA      | $2476863.24   | 0.45%             | 2030-06-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| HUB INTERNATIONAL LTD                                               | HUB International Ltd                                                           | CUSIP: 44332PAG6<br>LEI: 549300JQT6ATTUNS5E06 | Long             | DBT              | CORP              | US        |   4934000 | PA      | $4897241.70   | 0.89%             | 2029-12-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| PERFORMANCE FOOD GROUP I                                            | Performance Food Group Inc                                                      | CUSIP: 71376LAF7<br>LEI: 549300OMUOGBYK0FFO76 | Long             | DBT              | CORP              | US        |   3312000 | PA      | $3342788.35   | 0.61%             | 2032-09-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Inmar Inc                                                           | INMAR INC                                                                       | CUSIP: 45763FAT5<br>LEI: 549300N1ML5MXXFIDZ25 | Long             | LON              | CORP              | US        |   1866156 | PA      | $1880161.89   | 0.34%             | 2031-10-25      | Floating      | 9.31%                 | No            |                  2 | On Loan: No      |
| PIKE CORP                                                           | Pike Corp                                                                       | CUSIP: 721283AA7<br>LEI: 549300P4EKEP6HK0NC58 | Long             | DBT              | CORP              | US        |   3855000 | PA      | $3827029.66   | 0.69%             | 2028-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Alera (BSL)                                                         | ALERA GROUP INTERMEDIATE                                                        | CUSIP: 000000000<br>LEI: 549300BPCKH0Q3R2H875 | Long             | LON              | CORP              | US        |   2008000 | PA      | $2011634.48   | 0.36%             | 2032-05-21      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| HERC HOLDINGS INC                                                   | Herc Holdings Inc                                                               | CUSIP: 42704LAE4<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |   3391000 | PA      | $3437348.19   | 0.62%             | 2029-06-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| PAPA JOHN'S INTERNATIONA                                            | Papa John's International Inc                                                   | CUSIP: 698813AA0<br>LEI: HZYLD3DK5XOX0WBVNB56 | Long             | DBT              | CORP              | US        |   1437000 | PA      | $1341691.98   | 0.24%             | 2029-09-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| OPEN TEXT INC                                                       | Open Text Holdings Inc                                                          | CUSIP: 683720AC0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1513000 | PA      | $1372319.14   | 0.25%             | 2031-12-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Restoration Hardware, Inc.                                          | RH                                                                              | CUSIP: 76133MAC5<br>LEI: 549300H9H1H3OC7C3H47 | Long             | LON              | CORP              | US        |    554815 | PA      | $534503.24    | 0.10%             | 2028-10-20      | Floating      | 7.68%                 | No            |                  2 | On Loan: No      |
| EQUIPMENTSHARE.COM INC                                              | EquipmentShare.com Inc                                                          | CUSIP: 29450YAA7<br>LEI: 254900PWJK48CGPKPI80 | Long             | DBT              | CORP              | US        |    574000 | PA      | $596606.99    | 0.11%             | 2028-05-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| UKG INC                                                             | UKG Inc                                                                         | CUSIP: 90279XAA0<br>LEI: 529900FKHWSTQ1GXK240 | Long             | DBT              | CORP              | US        |   6521000 | PA      | $6723542.26   | 1.22%             | 2031-02-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| NORDSTROM INC                                                       | Nordstrom Inc                                                                   | CUSIP: 655664AS9<br>LEI: 549300S3IZB5P35KNV16 | Long             | DBT              | CORP              | US        |   2216000 | PA      | $2142241.55   | 0.39%             | 2027-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEWELL BRANDS INC                                                   | Newell Brands Inc                                                               | CUSIP: 651229BE5<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |   2146000 | PA      | $1985453.66   | 0.36%             | 2032-05-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| SENSATA TECHNOLOGIES INC                                            | Sensata Technologies Inc                                                        | CUSIP: 81728UAB0<br>LEI: 5493002MMDDCUNV7NY90 | Long             | DBT              | CORP              | US        |    333000 | PA      | $296036.23    | 0.05%             | 2031-02-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| BRINK'S CO/THE                                                      | Brink's Co/The                                                                  | CUSIP: 109696AD6<br>LEI: XFP140TFNOQMIVFTVQ13 | Long             | DBT              | CORP              | US        |   2999000 | PA      | $3078965.34   | 0.56%             | 2032-06-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Project Alpha Intermediate Holding Inc                              | PROJECT ALPHA INTERMEDIATE HOLDING INC                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2138520 | PA      | $2116471.79   | 0.38%             | 2032-11-22      | Floating      | 9.31%                 | No            |                  2 | On Loan: No      |
| ION TRADING TECHNOLOGIES                                            | ION Trading Technologies Sarl                                                   | CUSIP: 46205YAA9<br>LEI: 5493009ZVXOKZLQ6QJ12 | Long             | DBT              | CORP              | LU        |    285000 | PA      | $275944.35    | 0.05%             | 2028-05-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| ALPHA GENERATION LLC                                                | Alpha Generation LLC                                                            | CUSIP: 02073LAA9<br>LEI: 254900K5V62L4YGVKF49 | Long             | DBT              | CORP              | US        |   1278000 | PA      | $1304078.87   | 0.24%             | 2032-10-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| RYAN SPECIALTY GROUP                                                | Ryan Specialty LLC                                                              | CUSIP: 78351MAA0<br>LEI: 549300K52N7QBO3PYY45 | Long             | DBT              | CORP              | US        |   1255000 | PA      | $1195135.87   | 0.22%             | 2030-02-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                                              | Venture Global LNG Inc                                                          | CUSIP: 92332YAB7<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |   2688000 | PA      | $2730717.70   | 0.49%             | 2031-06-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| SPX FLOW INC                                                        | SPX FLOW Inc                                                                    | CUSIP: 758071AA2<br>LEI: 5493003YXEKRBINIEM78 | Long             | DBT              | CORP              | US        |   1175000 | PA      | $1210428.60   | 0.22%             | 2030-04-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| AMWINS GROUP INC                                                    | AmWINS Group Inc                                                                | CUSIP: 031921AB5<br>LEI: 549300SJE7MUB8NMRG61 | Long             | DBT              | CORP              | US        |   7532000 | PA      | $7221197.29   | 1.31%             | 2029-06-30      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| ARDAGH METAL PACKAGING                                              | Ardagh Metal Packaging Finance USA LLC / Ardagh Metal Packaging Finance PLC     | CUSIP: 03969YAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |   2970000 | PA      | $2979334.71   | 0.54%             | 2027-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CONCENTRA HEALTH SERVICE                                            | Concentra Health Services Inc                                                   | CUSIP: 20600DAA1<br>LEI: 984500GB84105F75DE32 | Long             | DBT              | CORP              | US        |    309000 | PA      | $318293.79    | 0.06%             | 2032-07-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| ASSUREDPARTNERS INC                                                 | AssuredPartners Inc                                                             | CUSIP: 04624VAC3<br>LEI: 549300HNDSDQWQ3L2P80 | Long             | DBT              | CORP              | US        |   1996000 | PA      | $2138145.14   | 0.39%             | 2032-02-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| ProAmpac PG Borrower LLC                                            | PROAMPAC PG BORROWER LLC                                                        | CUSIP: 74274NAL7<br>LEI: 549300ZI6LTXYFEY1578 | Long             | LON              | CORP              | US        |   3000171 | PA      | $3002421.17   | 0.54%             | 2028-09-15      | Floating      | 8.28%                 | No            |                  2 | On Loan: No      |
| ARAMARK SERVICES INC                                                | Aramark Services Inc                                                            | CUSIP: 038522AQ1<br>LEI: 42YMHYH0XMHJEXDUB065 | Long             | DBT              | CORP              | US        |   4932000 | PA      | $4884519.14   | 0.88%             | 2028-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WH Borrower LLC                                                     | WH BORROWER LLC                                                                 | CUSIP: 000000000<br>LEI: 2549009H920CQUE3R944 | Long             | LON              | CORP              | US        |   1380301 | PA      | $1371239.46   | 0.25%             | 2032-02-12      | Floating      | 9.07%                 | No            |                  2 | On Loan: No      |
| CHARLES RIVER LABORATORI                                            | Charles River Laboratories International Inc                                    | CUSIP: 159864AJ6<br>LEI: 549300BSQ0R4UZ5KX287 | Long             | DBT              | CORP              | US        |   1483000 | PA      | $1330886.76   | 0.24%             | 2031-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| US FOODS INC                                                        | US Foods Inc                                                                    | CUSIP: 90290MAD3<br>LEI: 5493000JOOFAOUY1JZ87 | Long             | DBT              | CORP              | US        |    603000 | PA      | $590137.65    | 0.11%             | 2029-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Acrisure LLC                                                        | ACRISURE LLC                                                                    | CUSIP: 00488PAU9<br>LEI: 549300R0Z1Q47XRTGO22 | Long             | LON              | CORP              | US        |   6413137 | PA      | $6418299.96   | 1.16%             | 2027-02-15      | Floating      | 7.08%                 | No            |                  2 | On Loan: No      |
| GOTO GROUP INC                                                      | GoTo Group Inc                                                                  | CUSIP: 38349YAB1<br>LEI: 549300D12V5KRBV00592 | Long             | DBT              | CORP              | US        |   2445875 | PA      | $807627.93    | 0.15%             | 2028-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| QUIKRETE HOLDINGS INC                                               | Quikrete Holdings Inc                                                           | CUSIP: 74843PAB6<br>LEI: 5493007KIN86DIZWZT22 | Long             | DBT              | CORP              | US        |   4953000 | PA      | $5030024.10   | 0.91%             | 2033-03-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| RYAN SPECIALTY                                                      | Ryan Specialty LLC                                                              | CUSIP: 78351GAA3<br>LEI: 549300K52N7QBO3PYY45 | Long             | DBT              | CORP              | US        |   3711000 | PA      | $3690704.54   | 0.67%             | 2032-08-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| NCL CORPORATION LTD                                                 | NCL Corp Ltd                                                                    | CUSIP: 62886HBR1<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |    573000 | PA      | $573464.78    | 0.10%             | 2032-02-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| TEGNA INC                                                           | TEGNA Inc                                                                       | CUSIP: 87901JAJ4<br>LEI: 549300YC5EDBGX85AO10 | Long             | DBT              | CORP              | US        |   6614000 | PA      | $6436702.07   | 1.17%             | 2028-03-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| RAVEN ACQUISITION HOLDIN                                            | Raven Acquisition Holdings LLC                                                  | CUSIP: 75420NAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3335000 | PA      | $3328202.60   | 0.60%             | 2031-11-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| IQVIA INC                                                           | IQVIA Inc                                                                       | CUSIP: 46266TAD0<br>LEI: 549300PLWY28YB00C717 | Long             | DBT              | CORP              | US        |   2802000 | PA      | $2863927.00   | 0.52%             | 2030-05-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| BRINK'S CO/THE                                                      | Brink's Co/The                                                                  | CUSIP: 109696AC8<br>LEI: XFP140TFNOQMIVFTVQ13 | Long             | DBT              | CORP              | US        |    618000 | PA      | $630993.45    | 0.11%             | 2029-06-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Veritiv Corporation                                                 | VERITIV OPERATING CO                                                            | CUSIP: 92338TAB2<br>LEI: 5493004G8OK5L1UTIY12 | Long             | LON              | CORP              | US        |   1225863 | PA      | $1228203.97   | 0.22%             | 2030-11-30      | Floating      | 8.83%                 | No            |                  2 | On Loan: No      |
| UNITED RENTALS NORTH AM                                             | United Rentals North America Inc                                                | CUSIP: 911365BQ6<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |   7955000 | PA      | $8095238.70   | 1.47%             | 2029-12-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ASSUREDPARTNERS INC                                                 | AssuredPartners Inc                                                             | CUSIP: 04624VAB5<br>LEI: 549300HNDSDQWQ3L2P80 | Long             | DBT              | CORP              | US        |   5946000 | PA      | $5966393.59   | 1.08%             | 2029-01-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| MAVIS TIRE EXPRESS SERVI                                            | Mavis Tire Express Services Topco Corp                                          | CUSIP: 59155LAA0<br>LEI: 254900NVDM4GTLBL9E56 | Long             | DBT              | CORP              | US        |   2341000 | PA      | $2227291.00   | 0.40%             | 2029-05-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ACRISURE LLC / FIN INC                                              | Acrisure LLC / Acrisure Finance Inc                                             | CUSIP: 00489LAL7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   6702000 | PA      | $6920143.80   | 1.25%             | 2030-11-06      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| GRAHAM PACKAGING/GPC CAP                                            | Graham Packaging Co Inc                                                         | CUSIP: 384701AA6<br>LEI: 549300YS0ZFT826HIK72 | Long             | DBT              | CORP              | US        |  13960000 | PA      | $13718517.13  | 2.48%             | 2028-08-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| STANDARD BUILDING SOLUTI                                            | Standard Building Solutions Inc                                                 | CUSIP: 853191AA2<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |   1622000 | PA      | $1648360.74   | 0.30%             | 2032-08-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| CLARIOS GLOBAL LP/US FIN                                            | Clarios Global LP / Clarios US Finance Co                                       | CUSIP: 18060TAD7<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |   1220000 | PA      | $1243491.10   | 0.23%             | 2030-02-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ALLIED UNIVERSAL                                                    | Allied Universal Holdco LLC / Allied Universal Finance Corp                     | CUSIP: 019576AB3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    570000 | PA      | $575066.09    | 0.10%             | 2027-07-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| AMWINS GROUP INC                                                    | AmWINS Group Inc                                                                | CUSIP: 031921AC3<br>LEI: 549300SJE7MUB8NMRG61 | Long             | DBT              | CORP              | US        |   3710000 | PA      | $3764295.85   | 0.68%             | 2029-02-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Leia Finco US LLC                                                   | LEIA FINCO US LLC                                                               | CUSIP: 52526CAD1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   6177416 | PA      | $6066222.45   | 1.10%             | 2032-10-09      | Floating      | 9.46%                 | No            |                  2 | On Loan: No      |
| Alera Group, Inc                                                    | ALERA GROUP INTERMEDIATE                                                        | CUSIP: 000000000<br>LEI: 549300BPCKH0Q3R2H875 | Long             | LON              | CORP              | US        |   4702000 | PA      | $4750501.13   | 0.86%             | 2033-05-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| WESCO DISTRIBUTION INC                                              | WESCO Distribution Inc                                                          | CUSIP: 95081QAS3<br>LEI: 549300I2CEZJG9N4AH67 | Long             | DBT              | CORP              | US        |    860000 | PA      | $876600.58    | 0.16%             | 2033-03-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| SHIFT4 PAYMENTS LLC/FIN                                             | Shift4 Payments LLC / Shift4 Payments Finance Sub Inc                           | CUSIP: 82453AAB3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4462000 | PA      | $4555352.63   | 0.82%             | 2032-08-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| MOLINA HEALTHCARE INC                                               | Molina Healthcare Inc                                                           | CUSIP: 60855RAL4<br>LEI: 549300NQQCEQ46YHZ591 | Long             | DBT              | CORP              | US        |   2076000 | PA      | $1855405.69   | 0.34%             | 2032-05-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| AVANTOR FUNDING INC                                                 | Avantor Funding Inc                                                             | CUSIP: 05352TAA7<br>LEI: 5493003VM0XB4U8YD238 | Long             | DBT              | CORP              | US        |   3153000 | PA      | $3074940.86   | 0.56%             | 2028-07-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| WAND NEWCO 3 INC                                                    | Wand NewCo 3 Inc                                                                | CUSIP: 933940AA6<br>LEI: 549300Y3VZEWMSQW8494 | Long             | DBT              | CORP              | US        |   2441000 | PA      | $2541061.47   | 0.46%             | 2032-01-30      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| CAESARS ENTERTAIN INC                                               | Caesars Entertainment Inc                                                       | CUSIP: 12769GAD2<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |   2299000 | PA      | $2206840.22   | 0.40%             | 2032-10-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| MEDLINE BORROWER LP                                                 | Medline Borrower LP                                                             | CUSIP: 62482BAB8<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |   4488000 | PA      | $4389373.51   | 0.79%             | 2029-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Applied Systems Inc                                                 | APPLIED SYSTEMS INC                                                             | CUSIP: 03827FBD2<br>LEI: 549300NSKGF0SY5SWQ62 | Long             | LON              | CORP              | US        |    698740 | PA      | $702150.10    | 0.13%             | 2031-02-24      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                                                    | CSC Holdings LLC                                                                | CUSIP: 126307BF3<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    250000 | PA      | $163965.00    | 0.03%             | 2031-02-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| AVIS BUDGET CAR/FINANCE                                             | Avis Budget Car Rental LLC / Avis Budget Finance Inc                            | CUSIP: 053773BJ5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2126000 | PA      | $2164119.18   | 0.39%             | 2030-01-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| IRB Holding Corp                                                    | IRB HOLDING CORP                                                                | CUSIP: 44988LAL1<br>LEI: 549300HVW4WNWYBXN830 | Long             | LON              | CORP              | US        |   1778645 | PA      | $1778991.71   | 0.32%             | 2027-12-15      | Floating      | 6.83%                 | No            |                  2 | On Loan: No      |
| WEX INC                                                             | WEX Inc                                                                         | CUSIP: 96208TAD6<br>LEI: T9M5IGROL1TL1G5OV478 | Long             | DBT              | CORP              | US        |    143000 | PA      | $141564.55    | 0.03%             | 2033-03-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| HUB INTERNATIONAL LTD                                               | HUB International Ltd                                                           | CUSIP: 44332PAJ0<br>LEI: 549300JQT6ATTUNS5E06 | Long             | DBT              | CORP              | US        |   4625000 | PA      | $4829536.00   | 0.87%             | 2032-01-31      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| MSILF Treasury Portfolio                                            | MSILF Treasury Portfolio                                                        | CUSIP: 61747C582<br>LEI: 549300D1XR6GP7EZ0T47 | Long             | STIV             | RF                | US        |   1121129 | NS      | $1121128.66   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Cotiviti Inc                                                        | COTIVITI INC                                                                    | CUSIP: 22164MAD9<br>LEI: 254900YAQHVRTG4IFI64 | Long             | LON              | CORP              | US        |   9027052 | PA      | $9066545.85   | 1.64%             | 2031-05-01      | Floating      | 7.62%                 | No            |                  2 | On Loan: No      |
| Proofpoint Inc                                                      | PROOFPOINT INC                                                                  | CUSIP: 74345HAG6<br>LEI: 529900C5FODDK0WSR085 | Long             | LON              | CORP              | US        |   1129296 | PA      | $1130317.76   | 0.20%             | 2028-08-31      | Floating      | 7.33%                 | No            |                  2 | On Loan: No      |
| TricorBraun Inc                                                     | TricorBraun Holdings Inc                                                        | CUSIP: 00184NAB3<br>LEI: 2549009AB5YVVW5J1U62 | Long             | LON              | CORP              | US        |   2323267 | PA      | $2315274.67   | 0.42%             | 2028-03-03      | Floating      | 7.69%                 | No            |                  2 | On Loan: No      |
| FAIR ISAAC CORP                                                     | Fair Isaac Corp                                                                 | CUSIP: 303250AG9<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | DBT              | CORP              | US        |   1446000 | PA      | $1446885.13   | 0.26%             | 2033-05-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS CO LLC                                            | Vistra Operations Co LLC                                                        | CUSIP: 92840VAP7<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |    641000 | PA      | $680077.26    | 0.12%             | 2031-10-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| ALLIANT HOLD / CO-ISSUER                                            | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer                  | CUSIP: 01883LAG8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2112000 | PA      | $2131546.56   | 0.39%             | 2031-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| WASTE PRO USA INC                                                   | Waste Pro USA Inc                                                               | CUSIP: 94107JAC7<br>LEI: 549300BY1QXU5BI3UF28 | Long             | DBT              | CORP              | US        |   2949000 | PA      | $3031067.72   | 0.55%             | 2033-02-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| HERC HOLDINGS ESCROW INC                                            | Herc Holdings Escrow Inc                                                        | CUSIP: 42703NAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2817000 | PA      | $2901233.71   | 0.53%             | 2033-06-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| VeriFone Systems Inc                                                | VERIFONE SYSTEMS INC                                                            | CUSIP: 92346NAH2<br>LEI: 254900LTTVM8MM9RKV75 | Long             | LON              | CORP              | US        |   2590748 | PA      | $2372684.49   | 0.43%             | 2028-08-18      | Floating      | 10.21%                | No            |                  2 | On Loan: No      |
| MADISON IAQ LLC                                                     | Madison IAQ LLC                                                                 | CUSIP: 55760LAB3<br>LEI: 549300IXDNBXNHUPBU73 | Long             | DBT              | CORP              | US        |   2161000 | PA      | $2092184.04   | 0.38%             | 2029-06-30      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| SIX FLAGS ENTERTAINME                                               | Six Flags Entertainment Corp                                                    | CUSIP: 83001AAD4<br>LEI: 529900AS2CYWYFHRS781 | Long             | DBT              | CORP              | US        |    586000 | PA      | $599149.25    | 0.11%             | 2031-05-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Paysafe Holdings (US) Corp                                          | PAYSAFE HOLDINGS(US)                                                            | CUSIP: 70451NAB2<br>LEI: 549300N8UN7DUDH51357 | Long             | LON              | CORP              | US        |    282074 | PA      | $281839.46    | 0.05%             | 2028-06-28      | Floating      | 7.34%                 | No            |                  2 | On Loan: No      |
| CHURCHILL DOWNS INC                                                 | Churchill Downs Inc                                                             | CUSIP: 12511VAA6<br>LEI: 529900FODTBQC8MIS994 | Long             | DBT              | CORP              | US        |     71000 | PA      | $70051.68     | 0.01%             | 2030-04-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| IVC Acquisition Ltd                                                 | VETSTRATEGY CANADA HOLDINGS INC                                                 | CUSIP: 000000000<br>LEI: 254900WZMD2JOGND1Z32 | Long             | LON              | CORP              | CA        |   3261728 | PA      | $3281607.84   | 0.59%             | 2028-12-12      | Floating      | 8.05%                 | No            |                  2 | On Loan: No      |
| BELRON UK FINANCE PLC                                               | Belron UK Finance PLC                                                           | CUSIP: 080782AA3<br>LEI: 9845006BC9D1A77B8178 | Long             | DBT              | CORP              | GB        |   3073000 | PA      | $3086427.60   | 0.56%             | 2029-10-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| IHEARTCOMMUNICATIONS INC                                            | iHeartCommunications Inc                                                        | CUSIP: 45174HBL0<br>LEI: 54930076J6KDZL504O62 | Long             | DBT              | CORP              | US        |  10442400 | PA      | $5133170.57   | 0.93%             | 2030-05-01      | Fixed         | 10.88%                | No            |                  2 | On Loan: No      |
| ACUSHNET CO                                                         | Acushnet Co                                                                     | CUSIP: 005095AA2<br>LEI: 549300H805O14KEFES79 | Long             | DBT              | CORP              | US        |    765000 | PA      | $793448.06    | 0.14%             | 2028-10-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| BROADSTREET PARTNERS INC                                            | BroadStreet Partners Inc                                                        | CUSIP: 11135RAA3<br>LEI: 549300BS9N54G8DD0R75 | Long             | DBT              | CORP              | US        |   2092000 | PA      | $2061409.10   | 0.37%             | 2029-04-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| HUB International Ltd                                               | HUB INTERNATIONAL LTD                                                           | CUSIP: 44332EAZ9<br>LEI: 549300JQT6ATTUNS5E06 | Long             | LON              | CORP              | US        |   2257394 | PA      | $2259877.09   | 0.41%             | 2030-06-20      | Floating      | 6.77%                 | No            |                  2 | On Loan: No      |
| CHARLES RIVER LABORATORI                                            | Charles River Laboratories International Inc                                    | CUSIP: 159864AG2<br>LEI: 549300BSQ0R4UZ5KX287 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2787198.90   | 0.50%             | 2029-03-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| CAESARS ENTERTAIN INC                                               | Caesars Entertainment Inc                                                       | CUSIP: 12769GAB6<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |     77000 | PA      | $79060.14     | 0.01%             | 2030-02-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| ALBION FINANCING 1SARL /                                            | Albion Financing 1 SARL / Aggreko Holdings Inc                                  | CUSIP: 01330AAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |   1720000 | PA      | $1748670.80   | 0.32%             | 2030-05-21      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| US FOODS INC                                                        | US Foods Inc                                                                    | CUSIP: 90290MAE1<br>LEI: 5493000JOOFAOUY1JZ87 | Long             | DBT              | CORP              | US        |   5250000 | PA      | $5053286.70   | 0.91%             | 2030-06-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| RADIATE HOLDCO / FINANCE                                            | Radiate Holdco LLC / Radiate Finance Inc                                        | CUSIP: 75026JAC4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1221000 | PA      | $1048234.61   | 0.19%             | 2026-09-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| RHP HOTEL PPTY/RHP FINAN                                            | RHP Hotel Properties LP / RHP Finance Corp                                      | CUSIP: 749571AL9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    284000 | PA      | $289059.24    | 0.05%             | 2033-06-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FLUTTER TREASURY DAC                                                | Flutter Treasury DAC                                                            | CUSIP: 344045AA7<br>LEI: 635400JE8VLL9UFVIC38 | Long             | DBT              | CORP              | IE        |    140000 | PA      | $143461.22    | 0.03%             | 2029-04-29      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| EZCORP INC                                                          | EZCORP Inc                                                                      | CUSIP: 302301AJ5<br>LEI: 5493003K6PG3ZQ7TUQ63 | Long             | DBT              | CORP              | US        |    560000 | PA      | $582540.56    | 0.11%             | 2032-04-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| ALLIANT HOLD / CO-ISSUER                                            | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer                  | CUSIP: 01883LAH6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    603000 | PA      | $620568.42    | 0.11%             | 2032-10-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| NOVELIS CORP                                                        | Novelis Corp                                                                    | CUSIP: 670001AL0<br>LEI: 549300G5F3W3B52WYL23 | Long             | DBT              | CORP              | US        |    589000 | PA      | $607764.95    | 0.11%             | 2030-01-30      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| POST HOLDINGS INC                                                   | Post Holdings Inc                                                               | CUSIP: 737446AV6<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |   3018000 | PA      | $3003487.34   | 0.54%             | 2033-03-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| GRAPHIC PACKAGING INTERN                                            | Graphic Packaging International LLC                                             | CUSIP: 38869AAE7<br>LEI: SO75N4VY5NXGQSK8YQ65 | Long             | DBT              | CORP              | US        |    936000 | PA      | $938552.47    | 0.17%             | 2032-07-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| BOMBARDIER INC                                                      | Bombardier Inc                                                                  | CUSIP: 097751CD1<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |   1695000 | PA      | $1720867.40   | 0.31%             | 2033-06-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CLYDESDALE ACQUISITION                                              | Clydesdale Acquisition Holdings Inc                                             | CUSIP: 18972EAD7<br>LEI: 254900QKSDYFR3K5YD98 | Long             | DBT              | CORP              | US        |   1415000 | PA      | $1431029.35   | 0.26%             | 2032-04-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| GENESEE & WYOMING INC                                               | Genesee & Wyoming Inc                                                           | CUSIP: 371559AB1<br>LEI: G617XSG94Z7G0RMW3L02 | Long             | DBT              | CORP              | US        |   2466000 | PA      | $2507554.57   | 0.45%             | 2032-04-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| BOYD GAMING CORP                                                    | Boyd Gaming Corp                                                                | CUSIP: 103304BV2<br>LEI: 254900787YGRYS2A1Z35 | Long             | DBT              | CORP              | US        |   1438000 | PA      | $1347684.31   | 0.24%             | 2031-06-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| SCIH SALT HOLDINGS INC                                              | SCIH Salt Holdings Inc                                                          | CUSIP: 78433BAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    570000 | PA      | $553744.27    | 0.10%             | 2028-05-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| CLOUD SOFTWARE GRP INC                                              | Cloud Software Group Inc                                                        | CUSIP: 88632QAE3<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |   1831000 | PA      | $1830468.83   | 0.33%             | 2029-03-31      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Filtration Group Corporation                                        | FILTRATION GROUP CORP                                                           | CUSIP: 31732FAV8<br>LEI: 549300ZA0D9WN5ECE978 | Long             | LON              | CORP              | US        |   4268931 | PA      | $4287309.02   | 0.78%             | 2028-10-21      | Floating      | 7.33%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                                                       | Carnival Corp                                                                   | CUSIP: 143658BZ4<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |   2355000 | PA      | $2357884.88   | 0.43%             | 2031-06-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| GoTo Group Inc                                                      | GOTO GROUP INC                                                                  | CUSIP: 38349FAD8<br>LEI: 549300D12V5KRBV00592 | Long             | LON              | CORP              | US        |   2433402 | PA      | $907975.35    | 0.16%             | 2028-04-28      | Floating      | 9.68%                 | No            |                  2 | On Loan: No      |
| CLOUD SOFTWARE GRP INC                                              | Cloud Software Group Inc                                                        | CUSIP: 18912UAA0<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |   1972000 | PA      | $2019976.79   | 0.37%             | 2029-09-30      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Vestis Corporation                                                  | VESTIS TL B 1L USD                                                              | CUSIP: 92550HAE3<br>LEI: 254900QDW0TA2TMFAP59 | Long             | LON              | CORP              | US        |   1852726 | PA      | $1761636.87   | 0.32%             | 2031-02-22      | Floating      | 6.58%                 | No            |                  2 | On Loan: No      |
| Amspec Parent LLC                                                   | AMSPEC PARENT LLC                                                               | CUSIP: 03218AAB5<br>LEI: 254900LUGRP5Z7OOV477 | Long             | LON              | CORP              | US        |   1000986 | PA      | $1007868.28   | 0.18%             | 2031-12-22      | Floating      | 8.55%                 | No            |                  2 | On Loan: No      |
| LIGHTNING POWER LLC                                                 | Lightning Power LLC                                                             | CUSIP: 53229KAA7<br>LEI: 254900BWCHJ03XRL8K59 | Long             | DBT              | CORP              | US        |   8297000 | PA      | $8704222.90   | 1.58%             | 2032-08-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| POST HOLDINGS INC                                                   | Post Holdings Inc                                                               | CUSIP: 737446AU8<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |   7308000 | PA      | $7439280.91   | 1.35%             | 2032-02-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| GO DADDY OPCO/FINCO                                                 | Go Daddy Operating Co LLC / GD Finance Co Inc                                   | CUSIP: 38016LAC9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3185000 | PA      | $2976058.90   | 0.54%             | 2029-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| BALL CORP                                                           | Ball Corp                                                                       | CUSIP: 058498AY2<br>LEI: 0BGI85ALH27ZJP15DY16 | Long             | DBT              | CORP              | US        |    903000 | PA      | $925398.92    | 0.17%             | 2028-03-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| ELASTIC NV                                                          | Elastic NV                                                                      | CUSIP: 28415LAA1<br>LEI: 2549003I48WHHH937I59 | Long             | DBT              | CORP              | NL        |   7599000 | PA      | $7131695.24   | 1.29%             | 2029-07-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| ALLIANT HOLD / CO-ISSUER                                            | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer                  | CUSIP: 01883LAE3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   7588000 | PA      | $7699004.85   | 1.39%             | 2028-04-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| JONES DESLAURIERS INSURA                                            | Jones Deslauriers Insurance Management Inc                                      | CUSIP: 48020RAA3<br>LEI: 549300JQIWNFU00E5424 | Long             | DBT              | CORP              | CA        |    289000 | PA      | $310212.83    | 0.06%             | 2030-12-15      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| RB GLOBAL HOLDINGS INC                                              | RB Global Holdings Inc                                                          | CUSIP: 76774LAC1<br>LEI: 254900LH3N0EGB1LQ203 | Long             | DBT              | CORP              | US        |   1978000 | PA      | $2073047.90   | 0.38%             | 2031-03-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| CAESARS ENTERTAIN INC                                               | Caesars Entertainment Inc                                                       | CUSIP: 12769GAA8<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |   1999000 | PA      | $1868346.90   | 0.34%             | 2029-10-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| JANE STREET GRP/JSG FIN                                             | Jane Street Group / JSG Finance Inc                                             | CUSIP: 47077WAD0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    301000 | PA      | $301710.36    | 0.05%             | 2032-11-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| ZI TECH LLC/ZI FIN CORP                                             | ZoomInfo Technologies LLC/ZoomInfo Finance Corp                                 | CUSIP: 98981BAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    584000 | PA      | $544039.57    | 0.10%             | 2029-02-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| GRAPHIC PACKAGING INTERN                                            | Graphic Packaging International LLC                                             | CUSIP: 38869AAD9<br>LEI: SO75N4VY5NXGQSK8YQ65 | Long             | DBT              | CORP              | US        |   3239000 | PA      | $2988746.76   | 0.54%             | 2030-02-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Chariot Buyer LLC                                                   | Chariot Buyer LLC                                                               | CUSIP: 15963CAC0<br>LEI: 25490092IFNOZBRVE539 | Long             | LON              | CORP              | US        |   2327631 | PA      | $2321683.81   | 0.42%             | 2028-11-03      | Floating      | 7.68%                 | No            |                  2 | On Loan: No      |
| BUILDERS FIRSTSOURCE INC                                            | Builders FirstSource Inc                                                        | CUSIP: 12008RAT4<br>LEI: 549300W0SKP6L3H7DP63 | Long             | DBT              | CORP              | US        |   8675000 | PA      | $8735204.15   | 1.58%             | 2035-05-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ENERGIZER HOLDINGS INC                                              | Energizer Holdings Inc                                                          | CUSIP: 29272WAD1<br>LEI: 5493000D6NN0V57UME20 | Long             | DBT              | CORP              | US        |   4009000 | PA      | $3770381.91   | 0.68%             | 2029-03-31      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR COMPANY                                                  | Ford Motor Co                                                                   | CUSIP: 345370CX6<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | DBT              | CORP              | US        |   3369000 | PA      | $3825914.29   | 0.69%             | 2030-04-22      | Fixed         | 9.62%                 | No            |                  2 | On Loan: No      |
| CLARIV SCI HLD CORP                                                 | Clarivate Science Holdings Corp                                                 | CUSIP: 18064PAD1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3371000 | PA      | $3120761.57   | 0.56%             | 2029-07-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| TRIVIUM PACKAGING FIN                                               | Trivium Packaging Finance BV                                                    | CUSIP: 89686QAC0<br>LEI: 724500GMZWW3PVYET548 | Long             | DBT              | CORP              | NL        |    581000 | PA      | $611384.92    | 0.11%             | 2031-01-15      | Fixed         | 12.25%                | No            |                  2 | 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        |   1567000 | PA      | $1589232.60   | 0.29%             | 2029-09-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| GEN DIGITAL INC                                                     | Gen Digital Inc                                                                 | CUSIP: 668771AL2<br>LEI: YF6ZV0M6AU4FY94MK914 | Long             | DBT              | CORP              | US        |   3636000 | PA      | $3755398.97   | 0.68%             | 2030-09-30      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| US FOODS INC                                                        | US Foods Inc                                                                    | CUSIP: 90290MAH4<br>LEI: 5493000JOOFAOUY1JZ87 | Long             | DBT              | CORP              | US        |   2078000 | PA      | $2174367.25   | 0.39%             | 2032-01-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| MIWD HLDCO II/MIWD FIN                                              | MIWD Holdco II LLC / MIWD Finance Corp                                          | CUSIP: 55337PAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1840000 | PA      | $1700969.23   | 0.31%             | 2030-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| GARDA WORLD SECURITY                                                | Garda World Security Corp                                                       | CUSIP: 36485MAN9<br>LEI: 549300ZF1NDXLMCHNO20 | Long             | DBT              | CORP              | CA        |    158000 | PA      | $157459.21    | 0.03%             | 2032-08-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |

### Signature

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

**Name of Applicant:** First Trust High Yield Opportunities 2027 Term Fund

**Signature:** Derek Maltbie

**Name of Signer:** Derek Maltbie

**Title:** Treasurer, Chief Financial Officer and Chief Accounting Officer