# EDGAR Filing Document

**Accession Number:** 0000811030
**File Stem:** 0001193125-26-241801
**Filing Date:** 2026-5
**Character Count:** 217125
**Document Hash:** b193ce0417f9cbf08847eeea8a2151ef
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-241801.hdr.sgml**: 20260527

**ACCESSION NUMBER**: 0001193125-26-241801

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260527

**DATE AS OF CHANGE**: 20260527

**PERIOD START**: 20261231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PROFESSIONALLY MANAGED PORTFOLIOS
- **CENTRAL INDEX KEY:** 0000811030

**ORGANIZATION NAME:**
- **EIN:** 566415270
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-05037
- **FILM NUMBER:** 261025907

**BUSINESS ADDRESS:**
- **STREET 1:** 615 EAST MICHIGAN STREET
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53202
- **BUSINESS PHONE:** 414-218-3770

**MAIL ADDRESS:**
- **STREET 1:** 615 EAST MICHIGAN STREET
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53202

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** AVONDALE INVESTMENT TRUST
- **DATE OF NAME CHANGE:** 19910529

## Series and Classes Contracts Data

### Muzinich Dynamic Income Fund (Series ID: S000036430)

| Class ID   | Class Name                 | Ticker Symbol   |
|:---|:---|:---|
| C000111442 | Institutional Shares       | MZCIX           |
| C000111443 | Supra Institutional Shares | MZCSX           |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **Muzinich Dynamic Income Fund** | **Muzinich Dynamic Income Fund** | **Muzinich Dynamic Income Fund** |
| **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** |
| **March 31, 2026 (Unaudited)** | **March 31, 2026 (Unaudited)** | **March 31, 2026 (Unaudited)** |
| **CORPORATE BONDS - 93.4%** | **Par**  | **Value**  |
| **Aerospace/Defense - 0.9%** | **Aerospace/Defense - 0.9%** | **Aerospace/Defense - 0.9%** |
|  Axon Enterprise, Inc., 6.25%, 03/15/2033 <sup>(a)</sup> | $150000 | $153225 |
|  Czechoslovak Group AS, 5.25%, 01/10/2031 | 675000 | 800573 |
|  TransDigm, Inc., 6.63%, 03/01/2032 <sup>(a)</sup> | 500000 | 510311 |
|  |  | 1464109 |
| **Agency - 0.5%** | **Agency - 0.5%** | **Agency - 0.5%** |
|  Indian Railway Finance Corp. Ltd., 3.57%, 01/21/2032 | 850000 | 796440 |
| **Airlines - 1.3%** | **Airlines - 1.3%** | **Airlines - 1.3%** |
|  Air France-KLM, 3.88%, 01/14/2031 | 500000 | 552509 |
|  OneSky Flight LLC, 8.88%, 12/15/2029 <sup>(a)</sup> | 350000 | 361472 |
| United Airlines Holdings, Inc. | United Airlines Holdings, Inc. | United Airlines Holdings, Inc. |
| &nbsp;&nbsp; 4.88%, 03/01/2029 | 325000 | 318683 |
| &nbsp;&nbsp; 5.38%, 03/01/2031 | 125000 | 122570 |
|  VistaJet Malta Finance PLC / Vista Management Holding, Inc., 7.88%, 05/01/2027 <sup>(a)</sup> | 650000 | 642248 |
|  |  | 1997482 |
| **Automotive & Auto Parts - 3.8%** | **Automotive & Auto Parts - 3.8%** | **Automotive & Auto Parts - 3.8%** |
|  Adient Global Holdings Ltd., 7.50%, 02/15/2033 <sup>(a)</sup> | 275000 | 278186 |
| American Axle & Manufacturing, Inc. | American Axle & Manufacturing, Inc. | American Axle & Manufacturing, Inc. |
| &nbsp;&nbsp; 6.38%, 10/15/2032 <sup>(a)</sup> | 200000 | 197366 |
| &nbsp;&nbsp; 7.75%, 10/15/2033 <sup>(a)</sup> | 225000 | 217980 |
|  Clarios Global LP / Clarios US Finance Co., 6.75%, 02/15/2030 <sup>(a)</sup> | 150000 | 153338 |
| Ford Motor Credit Co. LLC | Ford Motor Credit Co. LLC | Ford Motor Credit Co. LLC |
| &nbsp;&nbsp; 5.92%, 03/20/2028 | 300000 | 303918 |
| &nbsp;&nbsp; 3.78%, 09/16/2029 | 400000 | 453956 |
| &nbsp;&nbsp; 5.73%, 09/05/2030 | 200000 | 199894 |
| &nbsp;&nbsp; 7.12%, 11/07/2033 | 275000 | 289159 |
|  General Motors Financial Co., Inc., 5.63%, 04/04/2032 | 175000 | 179046 |
|  Jaguar Land Rover Automotive PLC, 4.50%, 07/15/2028 | 300000 | 344712 |
|  LKQ Dutch Bond BV, 4.13%, 03/13/2031 | 275000 | 315053 |
|  Nissan Motor Acceptance Co. LLC, 6.13%, 09/30/2030 <sup>(a)</sup> | 300000 | 287859 |
| Phinia, Inc. | Phinia, Inc. | Phinia, Inc. |
| &nbsp;&nbsp; 6.75%, 04/15/2029 <sup>(a)</sup> | 650000 | 662525 |
| &nbsp;&nbsp; 6.63%, 10/15/2032 <sup>(a)</sup> | 400000 | 407083 |
|  Stellantis Financial Services US Corp., 5.40%, 09/15/2030 <sup>(a)</sup> | 425000 | 417497 |
|  Volkswagen International Finance NV, 3.88% to 06/17/2029 then EUSA9 + 3.96%, Perpetual | 500000 | 556285 |
| ZF North America Capital, Inc. | ZF North America Capital, Inc. | ZF North America Capital, Inc. |
| &nbsp;&nbsp; 7.13%, 04/14/2030 <sup>(a)</sup> | 325000 | 320672 |
| &nbsp;&nbsp; 7.50%, 03/24/2031 <sup>(a)</sup> | 400000 | 392721 |
|  |  | 5977250 |
| **Banking - 14.2%** | **Banking - 14.2%** | **Banking - 14.2%** |
|  ABN AMRO Bank NV, 4.75% to 09/22/2027 then 5 yr. Swap Rate EUR + 3.90%, Perpetual | 500000 | 577928 |
|  AL Sydbank, 3.63% to 03/05/2029 then 3 mo. EURIBOR + 1.45%, 03/05/2030 | 400000 | 462212 |
|  Banco BPM SpA, 3.88% to 09/09/2029 then 3 mo. EURIBOR + 1.47%, 09/09/2030 | 690000 | 798276 |
|  Banco Comercial Portugues SA, 8.13% to 07/18/2029 then 5 yr. Swap Rate EUR + 5.78%, Perpetual | 400000 | 495161 |
|  Banco de Sabadell SA, 5.00% to 11/19/2027 then 5 yr. Swap Rate EUR + 5.17%, Perpetual | 600000 | 693590 |
|  Banco Santander SA, 9.63% to 05/21/2029 then 5 yr. CMT Rate + 5.31%, Perpetual | 600000 | 647003 |
| Bank of America Corp. | Bank of America Corp. | Bank of America Corp. |
| &nbsp;&nbsp; 3.42% to 12/20/2027 then 3 mo. Term SOFR + 1.30%, 12/20/2028 | 250000 | 245668 |
| &nbsp;&nbsp; 5.47% to 01/23/2034 then SOFR + 1.65%, 01/23/2035 | 100000 | 101961 |
|  Bank of Ireland Group PLC, 4.75% to 08/10/2029 then 5 yr. Swap Rate EUR + 1.85%, 08/10/2034 | 330000 | 388112 |
|  Bankinter SA, 3.63% to 02/04/2032 then EURIBOR ICE Swap Rate + 1.20%, 02/04/2033 | 400000 | 454162 |
|  Banque Federative du Credit Mutuel SA, 4.00% to 01/15/2030 then 5 yr. Swap Rate EUR + 1.75%, 01/15/2035 | 600000 | 688961 |
|  Bayerische Landesbank, 1.00% to 09/23/2026 then 5 yr. Swap Rate EUR + 1.35%, 09/23/2031 | 600000 | 689698 |
|  BBVA Mexico SA Institucion De Banca Multiple Grupo Financiero BBVA Mexico/TX, 8.13% to 01/08/2034 then 5 yr. CMT Rate + 4.21%, 01/08/2039 | 650000 | 684965 |
|  BNP Paribas SA, 4.40%, 08/14/2028 <sup>(a)</sup> | 350000 | 348606 |
|  BPCE SA, 1.25% to 01/13/2027 then 5 yr. Swap Rate EUR + 1.75%, 01/13/2042 | 400000 | 457408 |
|  CaixaBank SA, 4.13% to 02/09/2031 then 3 mo. EURIBOR + 1.50%, 02/09/2032 | 700000 | 822593 |
|  Citigroup, Inc., 4.50% to 09/11/2030 then SOFR + 1.17%, 09/11/2031 | 375000 | 370859 |
|  Commerzbank AG, 3.13% to 11/26/2029 then 3 mo. EURIBOR + 0.80%, 11/26/2030 | 600000 | 679755 |
| Deutsche Bank AG | Deutsche Bank AG | Deutsche Bank AG |
| &nbsp;&nbsp; 10.00% to 04/30/2028 then 5 yr. Swap Rate EUR + 6.94%, Perpetual | 600000 | 739475 |
| &nbsp;&nbsp; 3.38% to 02/13/2030 then 3 mo. EURIBOR + 1.25%, 02/13/2031 | 200000 | 227022 |
|  Deutsche Bank AG/New York NY, 4.95% to 08/04/2030 then SOFR + 1.30%, 08/04/2031 | 600000 | 597711 |
| Erste Group Bank AG | Erste Group Bank AG | Erste Group Bank AG |
| &nbsp;&nbsp; 3.38% to 04/15/2027 then 5 yr. Swap Rate EUR + 3.43%, Perpetual | 600000 | 684411 |
| &nbsp;&nbsp; 8.50% to 04/15/2029 then 5 yr. Swap Rate EUR + 5.46%, Perpetual | 400000 | 499686 |
|  Eurobank SA, 4.00% to 09/24/2029 then 1 yr. Swap Rate EUR + 1.80%, 09/24/2030 | 200000 | 231726 |
|  First Abu Dhabi Bank PJSC, 6.32% to 04/04/2029 then 5 yr. CMT Rate + 1.70%, 04/04/2034 | 750000 | 759477 |
| HSBC Holdings PLC | HSBC Holdings PLC | HSBC Holdings PLC |
| &nbsp;&nbsp; 2.85% to 06/04/2030 then SOFR + 2.39%, 06/04/2031 | 450000 | 415897 |
| &nbsp;&nbsp; 6.36% to 11/16/2027 then 5 yr. Swap Rate EUR + 3.30%, 11/16/2032 | 345000 | 413396 |
| &nbsp;&nbsp; 4.60% to 03/22/2030 then 5 yr. Swap Rate EUR + 1.85%, 03/22/2035 | 150000 | 175617 |
|  ING Groep NV, 4.13% to 08/24/2028 then 5 yr. Swap Rate EUR + 2.50%, 08/24/2033 | 300000 | 349410 |
|  Islandsbanki HF, 3.75%, 11/11/2032 | 600000 | 676202 |
|  JPMorgan Chase & Co., 4.60% to 10/22/2029 then SOFR + 1.04%, 10/22/2030 | 650000 | 651601 |
|  KBC Group NV, 0.63% to 12/07/2026 then 5 yr. Swap Rate EUR + 0.95%, 12/07/2031 | 400000 | 456737 |
|  Lloyds Banking Group PLC, 1.99% to 12/15/2026 then UK Government Bonds 5 Year Note Generic Bid Yield + 1.60%, 12/15/2031 | 730000 | 952897 |
|  Nationwide Building Society, 4.38% to 04/16/2029 then 5 yr. Swap Rate EUR + 1.65%, 04/16/2034 | 550000 | 641760 |
|  NatWest Group PLC, 3.72% to 02/25/2030 then 5 yr. Swap Rate EUR + 1.40%, 02/25/2035 | 150000 | 170183 |
|  OTP Bank Nyrt, 8.75% to 05/15/2028 then 5 yr. CMT Rate + 5.06%, 05/15/2033 | 500000 | 521493 |
|  Permanent TSB Group Holdings PLC, 3.88% to 12/22/2030 then 5 yr. Swap Rate EUR + 1.55%, 12/22/2035 | 200000 | 224969 |
|  Powszechna Kasa Oszczednosci Bank Polski SA, 4.50% to 03/27/2027 then 3 mo. EURIBOR + 1.60%, 03/27/2028 | 550000 | 641310 |
| Societe Generale SA | Societe Generale SA | Societe Generale SA |
| &nbsp;&nbsp; 4.45% to 04/12/2029 then SOFR + 1.10%, 04/12/2030 <sup>(a)</sup> | 225000 | 222803 |
| &nbsp;&nbsp; 3.75% to 09/02/2032 then 3 mo. EURIBOR + 1.40%, 09/02/2033 | 300000 | 339457 |
|  Standard Chartered PLC, 1.20% to 09/23/2026 then 5 yr. Swap Rate EUR + 1.55%, 09/23/2031 | 580000 | 663964 |
|  Triodos Bank NV, 4.88% to 09/12/2028 then 3 mo. EURIBOR + 2.50%, 09/12/2029 | 400000 | 469261 |
| UniCredit SpA | UniCredit SpA | UniCredit SpA |
| &nbsp;&nbsp; 3.88% to 06/03/2027 then 5 yr. Swap Rate EUR + 4.08%, Perpetual | 500000 | 568369 |
| &nbsp;&nbsp; 5.86% to 06/19/2027 then 5 yr. Mid Swap Rate USD + 3.70%, 06/19/2032 | 600000 | 603740 |
|  |  | 22505492 |
| **Broadcasting - 1.1%** | **Broadcasting - 1.1%** | **Broadcasting - 1.1%** |
|  Canal+ SA, 4.63%, 12/03/2030 | 400000 | 456429 |
|  Discovery Global Holdings, Inc., 4.05%, 03/15/2029 | 200000 | 193335 |
|  Paramount Global, 4.95%, 01/15/2031 | 340000 | 315156 |
|  Pinewood Finco PLC, 6.00%, 03/27/2030 | 300000 | 388382 |
|  ROBLOX Corp., 3.88%, 05/01/2030 <sup>(a)</sup> | 225000 | 211505 |
|  Sinclair Television Group, Inc., 8.13%, 02/15/2033 <sup>(a)</sup> | 125000 | 127188 |
|  |  | 1691995 |
| **Building Materials - 1.3%** | **Building Materials - 1.3%** | **Building Materials - 1.3%** |
|  Imerys SA, 4.00%, 11/21/2032 | 500000 | 559444 |
|  Park River Holdings, Inc., 8.00%, 03/15/2031 <sup>(a)</sup> | 175000 | 174253 |
| Quikrete Holdings, Inc. | Quikrete Holdings, Inc. | Quikrete Holdings, Inc. |
| &nbsp;&nbsp; 6.38%, 03/01/2032 <sup>(a)</sup> | 175000 | 177495 |
| &nbsp;&nbsp; 6.75%, 03/01/2033 <sup>(a)</sup> | 325000 | 330293 |
|  Standard Building Solutions, Inc., 6.50%, 08/15/2032 <sup>(a)</sup> | 775000 | 775897 |
|  |  | 2017382 |
| **Capital Goods - 1.8%** | **Capital Goods - 1.8%** | **Capital Goods - 1.8%** |
|  Amsted Industries, Inc., 6.38%, 03/15/2033 <sup>(a)</sup> | 250000 | 251419 |
|  Bidvest Group UK PLC, 6.20%, 09/17/2032 | 400000 | 399693 |
|  Deere & Co., 5.45%, 01/16/2035 | 300000 | 312033 |
|  GE Vernova, Inc., 4.88%, 02/04/2036 | 275000 | 272824 |
|  KION Group AG, 4.00%, 11/20/2029 | 260000 | 300710 |
|  Regal Rexnord Corp., 6.05%, 04/15/2028 | 325000 | 333504 |
|  Solventum Corp., 5.45%, 03/13/2031 | 330000 | 338672 |
|  Terex Corp., 6.25%, 10/15/2032 <sup>(a)</sup> | 350000 | 351587 |
|  Westinghouse Air Brake Technologies Corp., 4.90%, 05/29/2030 | 260000 | 262909 |
|  |  | 2823351 |
| **Consumer-Products - 1.4%** | **Consumer-Products - 1.4%** | **Consumer-Products - 1.4%** |
|  Acushnet Co., 5.63%, 12/01/2033 <sup>(a)</sup> | 175000 | 174087 |
|  Coty, Inc./HFC Prestige Products, Inc./HFC Prestige International US LLC, 5.60%, 01/15/2031 <sup>(a)</sup> | 225000 | 217927 |
| Edgewell Personal Care Co. | Edgewell Personal Care Co. | Edgewell Personal Care Co. |
| &nbsp;&nbsp; 5.50%, 06/01/2028 <sup>(a)</sup> | 400000 | 397828 |
| &nbsp;&nbsp; 4.13%, 04/01/2029 <sup>(a)</sup> | 500000 | 472662 |
|  Energizer Holdings, Inc., 4.38%, 03/31/2029 <sup>(a)</sup> | 175000 | 166601 |
|  Haleon US Capital LLC, 3.63%, 03/24/2032 | 250000 | 234985 |
|  Polaris, Inc., 5.60%, 03/01/2031 | 275000 | 272721 |
|  Whirlpool Corp., 6.13%, 06/15/2030 | 225000 | 219605 |
|  |  | 2156416 |
| **Containers - 0.3%** | **Containers - 0.3%** | **Containers - 0.3%** |
|  Graphic Packaging International LLC, 6.38%, 07/15/2032 <sup>(a)</sup> | 425000 | 422891 |
| **Diversified Financial Services - 11.6%** | **Diversified Financial Services - 11.6%** | **Diversified Financial Services - 11.6%** |
|  Aareal Bank AG, 5.63% to 12/12/2029 then 5 yr. Swap Rate EUR + 3.25%, 12/12/2034 | 400000 | 471543 |
| AerCap Ireland Capital DAC / AerCap Global Aviation Trust | AerCap Ireland Capital DAC / AerCap Global Aviation Trust | AerCap Ireland Capital DAC / AerCap Global Aviation Trust |
| &nbsp;&nbsp; 6.15%, 09/30/2030 | 225000 | 236673 |
| &nbsp;&nbsp; 6.50% to 01/31/2031 then 5 yr. CMT Rate + 2.44%, 01/31/2056 | 400000 | 400694 |
|  Ally Financial, Inc., 5.74% (SOFR + 1.96%), 05/15/2029 | 485000 | 492635 |
|  American Express Co., 5.02% to 04/25/2030 then SOFR + 1.44%, 04/25/2031 | 225000 | 228780 |
|  APH Somerset Investor 2 LLC / APH2 Somerset Investor 2 LLC / APH3 Somerset Inves, 7.88%, 11/01/2029 <sup>(a)</sup> | 400000 | 360074 |
|  Avolon Holdings Funding Ltd., 4.90%, 10/10/2030 <sup>(a)</sup> | 525000 | 521639 |
|  Azorra Finance Ltd., 7.25%, 01/15/2031 <sup>(a)</sup> | 200000 | 202064 |
|  Block, Inc., 6.00%, 08/15/2033 <sup>(a)</sup> | 125000 | 122730 |
|  California Buyer Ltd. / Atlantica Sustainable Infrastructure PLC, 6.38%, 02/15/2032 <sup>(a)</sup> | 625000 | 610657 |
|  Capital One Financial Corp., 7.62% to 10/30/2030 then SOFR + 3.07%, 10/30/2031 | 465000 | 513812 |
|  CrossCountry Intermediate HoldCo LLC, 6.50%, 10/01/2030 <sup>(a)</sup> | 225000 | 214342 |
|  DAE Funding LLC, 3.38%, 03/20/2028 | 900000 | 866683 |
|  Esic Sukuk Ltd., 5.83%, 02/14/2029 | 810000 | 810094 |
|  FTAI Aviation Investors LLC, 7.00%, 06/15/2032 <sup>(a)</sup> | 775000 | 794976 |
|  Goldman Sachs Group, Inc., 2.38% to 07/21/2031 then SOFR + 1.25%, 07/21/2032 | 825000 | 728569 |
| HLD Europe SCA | HLD Europe SCA | HLD Europe SCA |
| &nbsp;&nbsp; 4.13%, 04/02/2030 | 250000 | 289393 |
| &nbsp;&nbsp; 4.25%, 03/24/2032 | 100000 | 114387 |
|  Icahn Enterprises LP / Icahn Enterprises Finance Corp., 5.25%, 05/15/2027 | 800000 | 784434 |
|  MDGH GMTN RSC Ltd., 2.88%, 11/07/2029 | 880000 | 824651 |
| Morgan Stanley | Morgan Stanley | Morgan Stanley |
| &nbsp;&nbsp; 5.17% to 01/16/2029 then SOFR + 1.45%, 01/16/2030 | 300000 | 304245 |
| &nbsp;&nbsp; 4.49% to 01/16/2031 then SOFR + 0.95%, 01/16/2032 | 300000 | 295184 |
| &nbsp;&nbsp; 5.47% to 01/18/2034 then SOFR + 1.73%, 01/18/2035 | 450000 | 457684 |
|  Motability Operations Group PLC, 3.88%, 01/24/2034 | 510000 | 579789 |
|  Nasdaq, Inc., 5.55%, 02/15/2034 | 500000 | 514885 |
|  OneMain Finance Corp., 3.50%, 01/15/2027 | 400000 | 392626 |
| PennyMac Financial Services, Inc. | PennyMac Financial Services, Inc. | PennyMac Financial Services, Inc. |
| &nbsp;&nbsp; 7.88%, 12/15/2029 <sup>(a)</sup> | 150000 | 153465 |
| &nbsp;&nbsp; 7.13%, 11/15/2030 <sup>(a)</sup> | 550000 | 546541 |
| &nbsp;&nbsp; 6.88%, 02/15/2033 <sup>(a)</sup> | 400000 | 382722 |
|  Phoenix Aviation Capital Ltd., 9.25%, 07/15/2030 <sup>(a)</sup> | 600000 | 604118 |
|  Rocket Cos., Inc., 6.38%, 08/01/2033 <sup>(a)</sup> | 300000 | 303547 |
| SMBC Aviation Capital Finance DAC | SMBC Aviation Capital Finance DAC | SMBC Aviation Capital Finance DAC |
| &nbsp;&nbsp; 5.55%, 04/03/2034 | 400000 | 402035 |
| &nbsp;&nbsp; 5.25%, 11/26/2035 | 325000 | 317511 |
|  Sofina SA, 3.71%, 11/13/2033 | 600000 | 678771 |
| SoftBank Group Corp. | SoftBank Group Corp. | SoftBank Group Corp. |
| &nbsp;&nbsp; 6.75%, 07/08/2029 | 800000 | 790832 |
| &nbsp;&nbsp; 5.75%, 07/08/2032 | 350000 | 385470 |
|  Tikehau Capital SCA, 4.25%, 04/08/2031 | 300000 | 339239 |
| UBS Group AG | UBS Group AG | UBS Group AG |
| &nbsp;&nbsp; 9.25% to 11/13/2028 then 5 yr. CMT Rate + 4.75%, Perpetual | 800000 | 853643 |
| &nbsp;&nbsp; 2.10% to 02/11/2031 then 1 yr. CMT Rate + 1.00%, 02/11/2032 <sup>(a)</sup> | 460000 | 405404 |
|  |  | 18296541 |
| **Diversified Media - 0.5%** | **Diversified Media - 0.5%** | **Diversified Media - 0.5%** |
|  Clear Channel Outdoor Holdings, Inc., 7.13%, 02/15/2031 <sup>(a)</sup> | 225000 | 235816 |
|  RAI-Radiotelevisione Italiana SpA, 4.38%, 07/10/2029 | 200000 | 237112 |
| Snap, Inc. | Snap, Inc. | Snap, Inc. |
| &nbsp;&nbsp; 6.88%, 03/01/2033 <sup>(a)</sup> | 75000 | 70865 |
| &nbsp;&nbsp; 6.88%, 03/15/2034 <sup>(a)</sup> | 200000 | 188232 |
|  |  | 732025 |
| **Energy - 7.5%** | **Energy - 7.5%** | **Energy - 7.5%** |
|  Aker BP ASA, 4.00%, 05/29/2032 | 730000 | 838793 |
|  Baker Hughes Holdings LLC / Baker Hughes Co.-Obligor, Inc., 3.81%, 03/11/2034 | 225000 | 257184 |
|  BP Capital Markets BV, 4.32%, 05/12/2035 | 510000 | 603778 |
|  Buckeye Partners LP, 6.75%, 02/01/2030 <sup>(a)</sup> | 175000 | 180683 |
|  Cheniere Energy Partners LP, 5.95%, 06/30/2033 | 325000 | 340971 |
|  Cheniere Energy, Inc., 5.20%, 07/30/2036 <sup>(a)</sup> | 275000 | 272439 |
|  DT Midstream, Inc., 4.13%, 06/15/2029 <sup>(a)</sup> | 475000 | 465160 |
|  Empresa Nacional del Petroleo, 5.95%, 07/30/2034 | 325000 | 328546 |
|  Enterprise Products Operating LLC, 4.95%, 02/15/2035 | 225000 | 224522 |
| EQT Corp. | EQT Corp. | EQT Corp. |
| &nbsp;&nbsp; 4.50%, 01/15/2029 | 67000 | 66813 |
| &nbsp;&nbsp; 4.75%, 01/15/2031 | 322000 | 320431 |
|  Galaxy Pipeline Assets Bidco Ltd., 2.63%, 03/31/2036 | 1400000 | 1191664 |
|  Hess Midstream Operations LP, 5.88%, 03/01/2028 <sup>(a)</sup> | 300000 | 302040 |
|  ONEOK, Inc., 5.40%, 10/15/2035 | 300000 | 298342 |
|  Petrobras Global Finance BV, 6.75%, 01/27/2041 | 400000 | 389583 |
|  Rockies Express Pipeline LLC, 6.75%, 03/15/2033 <sup>(a)</sup> | 100000 | 102966 |
|  Shell International Finance BV, 1.75%, 09/10/2052 | 200000 | 113388 |
|  SM Energy Co., 5.00%, 10/15/2026 <sup>(a)</sup> | 400000 | 399470 |
|  Societatea Nationala de Gaze Naturale ROMGAZ SA, 4.63%, 11/04/2031 | 300000 | 342471 |
| Sunoco LP | Sunoco LP | Sunoco LP |
| &nbsp;&nbsp; 5.63%, 03/15/2031 <sup>(a)</sup> | 400000 | 398426 |
| &nbsp;&nbsp; 5.88%, 03/15/2034 <sup>(a)</sup> | 275000 | 272087 |
| Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp. | Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp. | Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp. |
| &nbsp;&nbsp; 5.50%, 01/15/2028 <sup>(a)</sup> | 250000 | 248045 |
| &nbsp;&nbsp; 6.00%, 12/31/2030 <sup>(a)</sup> | 325000 | 323466 |
|  Targa Resources Corp., 6.50%, 03/30/2034 | 205000 | 221758 |
|  TotalEnergies SE, 4.12% to 02/19/2030 then 5 yr. Swap Rate EUR + 1.86%, Perpetual | 575000 | 662196 |
|  Var Energi ASA, 5.88%, 05/22/2030 <sup>(a)</sup> | 340000 | 350931 |
|  Venture Global Calcasieu Pass LLC, 3.88%, 11/01/2033 <sup>(a)</sup> | 475000 | 421293 |
|  Venture Global Plaquemines LNG LLC, 6.75%, 01/15/2036 <sup>(a)</sup> | 475000 | 503423 |
|  Viper Energy Partners LLC, 4.90%, 08/01/2030 | 250000 | 250302 |
|  Vivo Energy Investments BV, 5.13%, 09/24/2027 | 400000 | 396792 |
|  Wintershall Dea Finance 2 BV, 3.00% to 01/20/2029 then 5 yr. Swap Rate EUR + 3.32%, Perpetual | 300000 | 331778 |
| Wintershall Dea Finance BV | Wintershall Dea Finance BV | Wintershall Dea Finance BV |
| &nbsp;&nbsp; 3.83%, 10/03/2029 | 100000 | 114967 |
| &nbsp;&nbsp; 4.36%, 10/03/2032 | 300000 | 344264 |
|  |  | 11878972 |
| **Environmental - 0.7%** | **Environmental - 0.7%** | **Environmental - 0.7%** |
|  Currenta Group Holdings Sarl, 5.50%, 05/15/2030 | 425000 | 489496 |
|  GFL Environmental, Inc., 3.50%, 09/01/2028 <sup>(a)</sup> | 500000 | 486167 |
|  Waste Pro USA, Inc., 7.00%, 02/01/2033 <sup>(a)</sup> | 75000 | 76029 |
|  |  | 1051692 |
| **Food & Drug Retail - 1.0%** | **Food & Drug Retail - 1.0%** | **Food & Drug Retail - 1.0%** |
|  Albertsons Cos., Inc. / Safeway, Inc. / New Albertsons LP / Albertsons LLC, 5.75%, 03/31/2034 <sup>(a)</sup> | 300000 | 293902 |
|  Cencosud SA, 5.95%, 05/28/2031 | 820000 | 839125 |
|  Market Bidco Finco PLC, 6.75%, 01/31/2031 | 475000 | 529460 |
|  |  | 1662487 |
| **Food/Beverage/Tobacco - 2.4%** | **Food/Beverage/Tobacco - 2.4%** | **Food/Beverage/Tobacco - 2.4%** |
|  Bacardi Ltd. / Bacardi-Martini BV, 5.25%, 01/15/2029 <sup>(a)</sup> | 475000 | 479846 |
| Barry Callebaut Services NV | Barry Callebaut Services NV | Barry Callebaut Services NV |
| &nbsp;&nbsp; 3.75%, 02/19/2028 | 200000 | 230926 |
| &nbsp;&nbsp; 4.25%, 08/19/2031 | 100000 | 116457 |
|  INDOFOOD CBP SUKSE 3.398% SNR 09/06/31 USD1000, 3.40%, 06/09/2031 | 860000 | 791645 |
| JBS NV/JBS USA Foods Group Holdings, Inc./JBS USA Food Co. Holdings | JBS NV/JBS USA Foods Group Holdings, Inc./JBS USA Food Co. Holdings | JBS NV/JBS USA Foods Group Holdings, Inc./JBS USA Food Co. Holdings |
| &nbsp;&nbsp; 5.50%, 01/15/2036 | 425000 | 425003 |
| &nbsp;&nbsp; 6.25%, 03/01/2056 | 390000 | 379823 |
|  Maple Parent Holdings Corp., 5.05%, 03/26/2031 <sup>(a)</sup> | 175000 | 174327 |
|  Mars, Inc., 4.80%, 03/01/2030 <sup>(a)</sup> | 600000 | 606479 |
|  NBM US Holdings, Inc., 6.63%, 08/06/2029 | 600000 | 601320 |
|  |  | 3805826 |
| **Gaming - 0.8%** | **Gaming - 0.8%** | **Gaming - 0.8%** |
|  FDJ UNITED, 3.63%, 11/21/2036 | 400000 | 445193 |
|  Rivers Enterprise Borrower LLC, 6.25%, 10/15/2030 <sup>(a)</sup> | 100000 | 99789 |
|  Studio City Co. Ltd., 7.00%, 02/15/2027 | 750000 | 749497 |
|  |  | 1294479 |
| **Healthcare - 4.8%** | **Healthcare - 4.8%** | **Healthcare - 4.8%** |
|  180 Medical, Inc., 5.30%, 10/08/2035 <sup>(a)</sup> | 300000 | 293137 |
|  Abbott Laboratories, 5.50%, 03/15/2056 | 550000 | 539867 |
|  Amgen, Inc., 5.65%, 02/19/2056 | 500000 | 485405 |
|  Baxter International, Inc., 4.90%, 12/15/2030 | 345000 | 340687 |
|  Bayer AG, 7.00% to 12/25/2031 then 5 yr. Swap Rate EUR + 3.90%, 09/25/2083 | 500000 | 613229 |
|  Cardinal Health, Inc., 5.35%, 11/15/2034 | 575000 | 581256 |
|  Endo Finance Holdings LP, 8.50%, 04/15/2031 <sup>(a)</sup> | 400000 | 419108 |
|  GE HealthCare Technologies, Inc., 5.50%, 06/15/2035 | 450000 | 459561 |
|  GlaxoSmithKline Capital PLC, 4.25%, 12/18/2045 | 275000 | 287532 |
|  Grifols SA, 7.13%, 05/01/2030 | 550000 | 658960 |
|  HCA, Inc., 3.50%, 09/01/2030 | 400000 | 380042 |
|  LifePoint Health, Inc., 8.38%, 02/15/2032 <sup>(a)</sup> | 450000 | 480774 |
|  Novartis Capital Corp., 4.40%, 03/18/2031 | 425000 | 424837 |
|  Perrigo Finance Unlimited Co., 6.13%, 09/30/2032 | 575000 | 518571 |
|  Pfizer, Inc., 2.74%, 06/15/2043 | 575000 | 486641 |
|  TEAM Services Holding, Inc., 9.00%, 02/15/2033 <sup>(a)</sup> | 250000 | 245057 |
|  US Acute Care Solutions LLC, 9.75%, 05/15/2029 <sup>(a)</sup> | 375000 | 362942 |
|  |  | 7577606 |
| **Homebuilders/Real Estate - 4.6%** | **Homebuilders/Real Estate - 4.6%** | **Homebuilders/Real Estate - 4.6%** |
|  Altrad Investment Authority SAS, 4.43%, 06/23/2032 | 400000 | 457014 |
|  American Tower Corp., 4.70%, 12/15/2032 | 350000 | 343917 |
|  CPI Property Group SA, 6.00%, 01/27/2032 | 350000 | 385907 |
|  Crown Castle, Inc., 3.30%, 07/01/2030 | 250000 | 234335 |
|  Fastighets AB Balder, 4.00%, 03/04/2033 | 350000 | 383807 |
|  Heimstaden Bostad Treasury BV, 1.00%, 04/13/2028 | 440000 | 482595 |
| Howard Hughes Corp. | Howard Hughes Corp. | Howard Hughes Corp. |
| &nbsp;&nbsp; 4.13%, 02/01/2029 <sup>(a)</sup> | 250000 | 236657 |
| &nbsp;&nbsp; 6.13%, 03/01/2034 <sup>(a)</sup> | 200000 | 192407 |
|  Immobiliare Grande Distribuzione SIIQ SpA, 4.45%, 11/04/2030 | 325000 | 371597 |
|  MasTec, Inc., 4.50%, 08/15/2028 <sup>(a)</sup> | 190000 | 187901 |
|  P3 Group Sarl, 4.63%, 02/13/2030 | 250000 | 295440 |
|  Park Intermediate Holdings LLC / PK Domestic Property LLC / PK Finance Co.-Issuer, 4.88%, 05/15/2029 <sup>(a)</sup> | 500000 | 480244 |
|  Public Property Invest AS, 4.38%, 10/01/2032 | 425000 | 483035 |
| RHP Hotel Properties LP / RHP Finance Corp. | RHP Hotel Properties LP / RHP Finance Corp. | RHP Hotel Properties LP / RHP Finance Corp. |
| &nbsp;&nbsp; 6.50%, 04/01/2032 <sup>(a)</sup> | 200000 | 203776 |
| &nbsp;&nbsp; 5.75%, 03/15/2034 <sup>(a)</sup> | 75000 | 74074 |
|  Service Properties Trust, 5.50%, 12/15/2027 | 500000 | 501457 |
|  Stoneweg Ereit Lux Finco Sarl, 4.13%, 02/22/2033 | 525000 | 582280 |
|  TopBuild Corp., 5.63%, 01/31/2034 <sup>(a)</sup> | 250000 | 244953 |
|  Trust 2401, 4.87%, 01/15/2030 <sup>(a)</sup> | 200000 | 192701 |
|  Uniti Services LLC, 7.50%, 10/15/2033 <sup>(a)</sup> | 600000 | 620764 |
|  VIA Outlets BV, 1.75%, 11/15/2028 | 229000 | 251812 |
|  |  | 7206673 |
| **Hotels - 0.2%** | **Hotels - 0.2%** | **Hotels - 0.2%** |
|  Marriott International, Inc./MD, 4.50%, 05/01/2033 | 300000 | 290065 |
| **Insurance - 3.0%** | **Insurance - 3.0%** | **Insurance - 3.0%** |
|  Acrisure LLC / Acrisure Finance, Inc., 6.00%, 08/01/2029 <sup>(a)</sup> | 500000 | 466828 |
|  Alliant Holdings Intermediate LLC / Alliant Holdings Co.-Issuer, 7.00%, 01/15/2031 <sup>(a)</sup> | 400000 | 401996 |
|  Asurion LLC/ Asurion Co.-Issuer, Inc., 8.38%, 02/01/2034 <sup>(a)</sup> | 750000 | 727195 |
|  Athora Netherlands NV, 5.38% to 08/31/2027 then 5 yr. Swap Rate EUR + 4.01%, 08/31/2032 | 475000 | 556504 |
|  Cathaylife Singapore Pte Ltd., 5.95%, 07/05/2034 | 850000 | 882015 |
|  Dai-ichi Life Insurance Co. Ltd., 6.20% to 01/16/2035 then 5 yr. CMT Rate + 2.52%, Perpetual | 200000 | 201249 |
|  Generali, 5.80%, 07/06/2032 | 300000 | 376131 |
|  Hanwha Life Insurance Co. Ltd., 6.30% to 06/24/2030 then 5 yr. CMT Rate + 2.29%, 06/24/2055 | 395000 | 404342 |
|  Rothesay Life PLC, 7.02%, 12/10/2034 | 310000 | 421768 |
|  Zurich Finance Ireland Designated Activity Co., 5.13% to 11/23/2032 then UK Government Bonds 5 Year Note Generic Bid Yield + 4.10%, 11/23/2052 | 300000 | 382519 |
|  |  | 4820547 |
| **Leisure - 0.3%** | **Leisure - 0.3%** | **Leisure - 0.3%** |
|  Carnival Corp., 6.13%, 02/15/2033 <sup>(a)</sup> | 300000 | 303196 |
|  Vail Resorts, Inc., 5.63%, 07/15/2030 <sup>(a)</sup> | 250000 | 248047 |
|  |  | 551243 |
| **Metals/Mining - 3.1%** | **Metals/Mining - 3.1%** | **Metals/Mining - 3.1%** |
| AngloGold Ashanti Holdings PLC | AngloGold Ashanti Holdings PLC | AngloGold Ashanti Holdings PLC |
| &nbsp;&nbsp; 3.75%, 10/01/2030 | 400000 | 387702 |
| &nbsp;&nbsp; 6.50%, 04/15/2040 | 400000 | 425388 |
|  Capstone Copper Corp., 6.75%, 03/31/2033 <sup>(a)</sup> | 75000 | 74836 |
| Corp. Nacional del Cobre de Chile | Corp. Nacional del Cobre de Chile | Corp. Nacional del Cobre de Chile |
| &nbsp;&nbsp; 5.95%, 01/08/2034 | 500000 | 511178 |
| &nbsp;&nbsp; 6.44%, 01/26/2036 | 300000 | 316356 |
|  Endeavour Mining PLC, 7.00%, 05/28/2030 | 500000 | 508054 |
|  Gold Fields Orogen Holdings BVI Ltd., 6.13%, 05/15/2029 | 985000 | 1004690 |
|  Kaiser Aluminum Corp., 5.88%, 03/01/2034 <sup>(a)</sup> | 400000 | 393194 |
|  Marcobre SAC, 5.75%, 01/22/2036 | 500000 | 483380 |
|  Navoi Mining & Metallurgical Combinat, 6.95%, 10/17/2031 | 400000 | 418466 |
|  Novelis Corp., 6.88%, 01/30/2030 <sup>(a)</sup> | 150000 | 151409 |
|  Windfall Mining Group, Inc. / Groupe Minier Windfall, Inc., 5.85%, 05/13/2032 | 250000 | 254159 |
|  |  | 4928812 |
| **Paper - 0.5%** | **Paper - 0.5%** | **Paper - 0.5%** |
|  Suzano Austria GmbH, 3.75%, 01/15/2031 | 900000 | 837967 |
| **Pooled Investment/Equity/Other - 0.3%** | **Pooled Investment/Equity/Other - 0.3%** | **Pooled Investment/Equity/Other - 0.3%** |
|  Nexstar Media, Inc., 6.50%, 09/15/2033 <sup>(a)</sup> | 275000 | 277393 |
|  SNF Group SACA, 5.63%, 03/31/2031 <sup>(a)</sup> | 275000 | 278264 |
|  |  | 555657 |
| **Restaurants - 0.6%** | **Restaurants - 0.6%** | **Restaurants - 0.6%** |
|  Arcos Dorados BV, 6.38%, 01/29/2032 | 800000 | 820480 |
|  McDonald's Corp., 4.95%, 03/03/2035 | 200000 | 199133 |
|  |  | 1019613 |
| **Services - 2.7%** | **Services - 2.7%** | **Services - 2.7%** |
|  Allied Universal Holdco LLC, 7.88%, 02/15/2031 <sup>(a)</sup> | 400000 | 412664 |
|  Amber Finco PLC, 6.63%, 07/15/2029 | 225000 | 267396 |
|  Beacon Mobility Corp., 7.25%, 08/01/2030 <sup>(a)</sup> | 275000 | 284283 |
|  Eurofins Scientific SE, 3.88%, 02/05/2033 | 350000 | 396685 |
|  Garda World Security Corp., 6.50%, 01/15/2031 <sup>(a)</sup> | 100000 | 101425 |
|  Graham Holdings Co., 5.63%, 12/01/2033 <sup>(a)</sup> | 475000 | 465112 |
|  Herc Holdings, Inc., 7.00%, 06/15/2030 <sup>(a)</sup> | 100000 | 102603 |
|  Neptune Bidco US, Inc., 9.29%, 04/15/2029 <sup>(a)</sup> | 400000 | 401018 |
|  Rentokil Terminix Funding LLC, 5.00%, 04/28/2030 <sup>(a)</sup> | 575000 | 577447 |
|  TriNet Group, Inc., 7.13%, 08/15/2031 <sup>(a)</sup> | 400000 | 388477 |
|  United Rentals North America, Inc., 6.00%, 12/15/2029 <sup>(a)</sup> | 550000 | 559276 |
|  WESCO Distribution, Inc., 6.38%, 03/15/2033 <sup>(a)</sup> | 75000 | 76304 |
|  Williams Scotsman, Inc., 6.63%, 04/15/2030 <sup>(a)</sup> | 225000 | 228719 |
|  |  | 4261409 |
| **Steel - 1.0%** | **Steel - 1.0%** | **Steel - 1.0%** |
|  ABJA Investment Co. Pte Ltd., 5.45%, 01/24/2028 | 612000 | 616043 |
|  Commercial Metals Co., 5.75%, 11/15/2033 <sup>(a)</sup> | 150000 | 148540 |
|  Gerdau Trade, Inc., 5.75%, 06/09/2035 | 800000 | 813704 |
|  |  | 1578287 |
| **Super Retail - 3.0%** | **Super Retail - 3.0%** | **Super Retail - 3.0%** |
|  AA Bond Co. Ltd., 7.38%, 07/31/2029 | 350000 | 481894 |
|  Advance Auto Parts, Inc., 7.00%, 08/01/2030 <sup>(a)</sup> | 375000 | 378666 |
| Amazon.com, Inc. | Amazon.com, Inc. | Amazon.com, Inc. |
| &nbsp;&nbsp; 4.88%, 03/13/2036 | 200000 | 198403 |
| &nbsp;&nbsp; 5.80%, 03/13/2056 | 805000 | 807593 |
|  Dick's Sporting Goods, Inc., 4.00%, 10/01/2029 <sup>(a)</sup> | 425000 | 413824 |
|  Home Depot, Inc., 4.95%, 06/25/2034 | 200000 | 201609 |
|  ITM Entreprises SAS, 4.13%, 01/29/2030 | 500000 | 579450 |
|  Lowe's Cos., Inc., 5.15%, 07/01/2033 | 425000 | 430262 |
|  Michaels Cos., Inc., 8.50%, 03/15/2033 <sup>(a)</sup> | 450000 | 438555 |
|  PVH Corp., 5.50%, 06/13/2030 | 200000 | 201584 |
|  REWE International Finance BV, 4.88%, 09/13/2030 | 500000 | 603687 |
|  |  | 4735527 |
| **Technology - 7.5%** | **Technology - 7.5%** | **Technology - 7.5%** |
|  Airbnb, Inc., 4.65%, 03/16/2031 | 375000 | 374403 |
| Amphenol Corp. | Amphenol Corp. | Amphenol Corp. |
| &nbsp;&nbsp; 2.20%, 09/15/2031 | 425000 | 377090 |
| &nbsp;&nbsp; 4.40%, 02/15/2033 | 200000 | 195307 |
| Broadcom, Inc. | Broadcom, Inc. | Broadcom, Inc. |
| &nbsp;&nbsp; 2.45%, 02/15/2031 | 250000 | 227080 |
| &nbsp;&nbsp; 3.47%, 04/15/2034 | 375000 | 338054 |
|  CoreWeave, Inc., 9.00%, 02/01/2031 <sup>(a)</sup> | 275000 | 264334 |
|  Dell International LLC / EMC Corp., 4.75%, 10/06/2032 | 300000 | 295742 |
| Foundry JV Holdco LLC | Foundry JV Holdco LLC | Foundry JV Holdco LLC |
| &nbsp;&nbsp; 5.50%, 01/25/2031 <sup>(a)</sup> | 250000 | 255446 |
| &nbsp;&nbsp; 6.15%, 01/25/2032 <sup>(a)</sup> | 525000 | 548488 |
|  Insight Enterprises, Inc., 6.63%, 05/15/2032 <sup>(a)</sup> | 350000 | 338091 |
|  Jabil, Inc., 4.75%, 02/01/2033 | 250000 | 243605 |
| Kioxia Holdings Corp. | Kioxia Holdings Corp. | Kioxia Holdings Corp. |
| &nbsp;&nbsp; 6.25%, 07/24/2030 <sup>(a)</sup> | 200000 | 203598 |
| &nbsp;&nbsp; 6.63%, 07/24/2033 <sup>(a)</sup> | 200000 | 205165 |
|  LG Energy Solution Ltd., 5.88%, 04/02/2035 | 800000 | 800869 |
| Micron Technology, Inc. | Micron Technology, Inc. | Micron Technology, Inc. |
| &nbsp;&nbsp; 5.65%, 11/01/2032 | 725000 | 765698 |
| &nbsp;&nbsp; 6.05%, 11/01/2035 | 200000 | 215977 |
| OAK-Eagle Acquireco, Inc. | OAK-Eagle Acquireco, Inc. | OAK-Eagle Acquireco, Inc. |
| &nbsp;&nbsp; 7.25%, 07/01/2033 <sup>(a)</sup> | 150000 | 155712 |
| &nbsp;&nbsp; 8.75%, 07/01/2034 <sup>(a)</sup> | 125000 | 131099 |
| Oracle Corp. | Oracle Corp. | Oracle Corp. |
| &nbsp;&nbsp; 4.80%, 08/03/2028 | 325000 | 325171 |
| &nbsp;&nbsp; 5.35%, 05/04/2033 | 525000 | 511390 |
| &nbsp;&nbsp; 5.95%, 09/26/2055 | 425000 | 358452 |
|  Prysmian SpA, 3.63%, 11/28/2028 | 290000 | 335537 |
| Qnity Electronics, Inc. | Qnity Electronics, Inc. | Qnity Electronics, Inc. |
| &nbsp;&nbsp; 5.75%, 08/15/2032 <sup>(a)</sup> | 325000 | 325591 |
| &nbsp;&nbsp; 6.25%, 08/15/2033 <sup>(a)</sup> | 150000 | 151733 |
|  Rocket Software, Inc., 9.00%, 11/28/2028 <sup>(a)</sup> | 450000 | 447905 |
|  Roper Technologies, Inc., 1.75%, 02/15/2031 | 315000 | 272101 |
|  SK hynix, Inc., 6.50%, 01/17/2033 | 1100000 | 1198442 |
| TDF Infrastructure SAS | TDF Infrastructure SAS | TDF Infrastructure SAS |
| &nbsp;&nbsp; 3.63%, 12/16/2030 | 400000 | 454435 |
| &nbsp;&nbsp; 4.13%, 10/23/2031 | 400000 | 460811 |
|  Teleperformance SE, 5.75%, 11/22/2031 | 300000 | 363438 |
|  Ubisoft Entertainment SA, 0.88%, 11/24/2027 | 400000 | 373492 |
|  UKG, Inc., 6.88%, 02/01/2031 <sup>(a)</sup> | 400000 | 388489 |
|  |  | 11902745 |
| **Telecommunications - 4.6%** | **Telecommunications - 4.6%** | **Telecommunications - 4.6%** |
|  AT&T, Inc., 3.55%, 09/15/2055 | 390000 | 254467 |
|  Bharti Airtel Ltd., 3.25%, 06/03/2031 | 900000 | 845910 |
|  Black Pearl Compute LLC, 6.13%, 02/15/2031 <sup>(a)</sup> | 75000 | 76431 |
|  Connect Finco SARL / Connect US Finco LLC, 9.00%, 09/15/2029 <sup>(a)</sup> | 650000 | 683628 |
|  Frontier Communications Holdings LLC, 6.00%, 01/15/2030 <sup>(a)</sup> | 400000 | 402640 |
|  GCI LLC, 4.75%, 10/15/2028 <sup>(a)</sup> | 475000 | 457423 |
| Level 3 Financing, Inc. | Level 3 Financing, Inc. | Level 3 Financing, Inc. |
| &nbsp;&nbsp; 6.88%, 06/30/2033 <sup>(a)</sup> | 325000 | 331146 |
| &nbsp;&nbsp; 7.00%, 03/31/2034 <sup>(a)</sup> | 350000 | 358050 |
|  NJJ Continental SA, 5.25%, 07/31/2028 | 400000 | 516508 |
|  NTT Finance Corp., 4.62%, 07/16/2028 <sup>(a)</sup> | 320000 | 321289 |
| Rogers Communications, Inc. | Rogers Communications, Inc. | Rogers Communications, Inc. |
| &nbsp;&nbsp; 5.30%, 02/15/2034 | 250000 | 249568 |
| &nbsp;&nbsp; 6.88% to 07/31/2031 then 5 yr. CMT Rate + 2.84%, 07/31/2056 | 515000 | 517110 |
|  Sitios Latinoamerica SAB de CV, 6.00%, 11/25/2029 | 700000 | 706650 |
|  TDC Net AS, 5.19%, 08/02/2029 | 250000 | 300712 |
| T-Mobile USA, Inc. | T-Mobile USA, Inc. | T-Mobile USA, Inc. |
| &nbsp;&nbsp; 5.05%, 07/15/2033 | 500000 | 503951 |
| &nbsp;&nbsp; 5.85%, 02/15/2056 | 430000 | 417827 |
|  Virgin Media Finance PLC, 5.00%, 07/15/2030 <sup>(a)</sup> | 425000 | 348791 |
|  |  | 7292101 |
| **Transportation Excluding Air/Rail - 1.3%** | **Transportation Excluding Air/Rail - 1.3%** | **Transportation Excluding Air/Rail - 1.3%** |
|  Abertis Infraestructuras Finance BV, 4.87% to 02/28/2030 then 5 yr. Swap Rate EUR + 2.62%, Perpetual | 200000 | 232044 |
|  Heathrow Finance PLC, 3.88%, 03/01/2027 <sup>(b)</sup> | 550000 | 715108 |
|  International Distribution Services PLC, 7.38%, 09/14/2030 | 660000 | 910568 |
|  Penske Truck Leasing Co. Lp / PTL Finance Corp., 4.55%, 01/15/2031 <sup>(a)</sup> | 225000 | 222757 |
|  |  | 2080477 |
| **Utilities - 4.8%** | **Utilities - 4.8%** | **Utilities - 4.8%** |
| Alpha Generation LLC | Alpha Generation LLC | Alpha Generation LLC |
| &nbsp;&nbsp; 6.75%, 10/15/2032 <sup>(a)</sup> | 550000 | 556014 |
| &nbsp;&nbsp; 6.25%, 01/15/2034 <sup>(a)</sup> | 425000 | 417415 |
|  California Buyer Ltd. / Atlantica Sustainable Infrastructure PLC, 5.63%, 02/15/2032 | 475000 | 532119 |
|  Chile Electricity Lux Mpc II Sarl, 5.58%, 10/20/2035 | 488753 | 491575 |
|  Clearway Energy Operating LLC, 5.75%, 01/15/2034 <sup>(a)</sup> | 75000 | 73721 |
|  Constellation Energy Generation LLC, 4.40%, 01/15/2031 | 325000 | 320995 |
|  ContourGlobal Power Holdings SA, 5.00%, 02/28/2030 | 500000 | 579999 |
|  Electricite de France SA, 2.88% to 03/15/2027 then 5 yr. Swap Rate EUR + 3.37%, Perpetual | 600000 | 688188 |
|  Essential Utilities, Inc., 5.13%, 03/15/2036 | 200000 | 197398 |
|  Hawaiian Electric Co., Inc., 6.00%, 10/01/2033 <sup>(a)</sup> | 125000 | 124861 |
|  ITC Holdings Corp., 5.50%, 04/15/2036 <sup>(a)</sup> | 175000 | 175691 |
|  Lightning Power LLC, 7.25%, 08/15/2032 <sup>(a)</sup> | 375000 | 390056 |
|  National Central Cooling Co. PJSC, 2.50%, 10/21/2027 | 650000 | 622486 |
|  NextEra Energy Capital Holdings, Inc., 2.25%, 06/01/2030 | 300000 | 273507 |
|  Niagara Energy SAC, 5.75%, 10/03/2034 | 500000 | 499561 |
|  Ren Finance BV, 3.38%, 02/18/2034 | 325000 | 365906 |
|  Societatea Energetica Electrica SA, 4.38%, 07/14/2030 | 350000 | 402923 |
|  Stedin Holding NV, 3.38%, 02/12/2037 | 250000 | 271620 |
|  Vistra Operations Co. LLC, 6.95%, 10/15/2033 <sup>(a)</sup> | 500000 | 544237 |
|  XPLR Infrastructure Operating Partners LP, 8.38%, 01/15/2031 <sup>(a)</sup> | 50000 | 52600 |
|  |  | 7580872 |
| **TOTAL CORPORATE BONDS** (Cost $146,532,275) | **TOTAL CORPORATE BONDS** (Cost $146,532,275) | 147794431 |
| **U.S. TREASURY SECURITIES - 2.3%** | **Par**  | **Value**  |
|  United States Treasury Note/Bond, 4.13%, 02/15/2036 | 3700000 | 3645367 |
| **TOTAL U.S. TREASURY SECURITIES** (Cost $3,664,992) | **TOTAL U.S. TREASURY SECURITIES** (Cost $3,664,992) | 3645367 |
| **COLLATERALIZED LOAN OBLIGATIONS - 1.5%** | **Par**  | **Value**  |
|  Aqueduct European CLO, A Series 2024-10X, Class A, 3.31% (3 mo. EURIBOR + 1.28%), 01/18/2039 | 1000000 | 1156209 |
|  Blackrock European Clo XIII DAC, A Series 15X, Class A, 3.33% (3 mo. EURIBOR + 1.29%), 01/28/2038 | 1000000 | 1153121 |
| **TOTAL COLLATERALIZED LOAN OBLIGATIONS** (Cost $2,111,900) | **TOTAL COLLATERALIZED LOAN OBLIGATIONS** (Cost $2,111,900) | 2309330 |
| **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** |
| **MONEY MARKET FUNDS - 2.6%** | **Shares**  | **Value**  |
| First American Treasury Obligations Fund - Class X, 3.59% <sup>(c)</sup> | 4160985 | 4160985 |
| **TOTAL MONEY MARKET FUNDS** (Cost $4,160,985) | **TOTAL MONEY MARKET FUNDS** (Cost $4,160,985) | 4160985 |
| **TOTAL INVESTMENTS - 99.8% (**Cost $156,470,152**)** | **TOTAL INVESTMENTS - 99.8% (**Cost $156,470,152**)** | 157910113 |
| Other Assets in Excess of Liabilities - 0.2% | Other Assets in Excess of Liabilities - 0.2% | 272342 |
| **TOTAL NET ASSETS - 100.0%** |  | $158182455 |
| Par amount is in USD unless otherwise indicated. | Par amount is in USD unless otherwise indicated. |  |
| Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. |  |

---

---

| |
|:---|
| CMT - Constant Maturity Treasury |
| EURIBOR - Euro Interbank Offered Rate |
| GMTN - Global Medium-Term Note |
| LLC - Limited Liability Company |
| LP - Limited Partnership |
| PJSC - Public Joint Stock Company |
| PLC - Public Limited Company |
| REIT - Real Estate Investment Trust |
| SOFR - Secured Overnight Financing Rate |
| CHF - Swiss Franc |
| EUR - Euro |
| GBP - British Pound |

---

(a) Security is exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may only be resold in transactions exempt from registration to qualified
 institutional investors. As of March 31, 2026, the value of these securities total $43,485,852 or 27.5% of the Fund's net assets.

(b) Step coupon bond. The rate disclosed is as of March 31, 2026.

(c) The rate shown represents the 7-day annualized yield as of March 31, 2026.

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Muzinich Dynamic Income Fund** | **Muzinich Dynamic Income Fund** | **Muzinich Dynamic Income Fund** | **Muzinich Dynamic Income Fund** | **Muzinich Dynamic Income Fund** |
| **Schedule of Futures Contracts** | **Schedule of Futures Contracts** | **Schedule of Futures Contracts** | **Schedule of Futures Contracts** | **Schedule of Futures Contracts** |
| **March 31, 2026 (Unaudited)** | **March 31, 2026 (Unaudited)** | **March 31, 2026 (Unaudited)** | **March 31, 2026 (Unaudited)** | **March 31, 2026 (Unaudited)** |
| **Description** | **Contracts Purchased** | **Expiration Date** | **Notional Value** | **Value / Unrealized**<br> **Appreciation**<br> (Depreciation) |
| &nbsp;&nbsp;&nbsp;&nbsp;Euro-Bund | 9 | 06/08/2026 | $1304394 | $(23431) |
| &nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury 10 Year Notes | 75 | 06/18/2026 | 8328516 | (167808) |
| &nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury 5 Year Note | 75 | 06/30/2026 | 8113477 | (76315) |
| **Net Unrealized Appreciation (Depreciation)** |  | $– | $– | $(267554) |

---

------

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Muzinich Dynamic Income Fund** | **Muzinich Dynamic Income Fund** | **Muzinich Dynamic Income Fund** | **Muzinich Dynamic Income Fund** | **Muzinich Dynamic Income Fund** | **Muzinich Dynamic Income Fund** | **Muzinich Dynamic Income Fund** |
| **Schedule of Forward Currency Contracts** | **Schedule of Forward Currency Contracts** | **Schedule of Forward Currency Contracts** | **Schedule of Forward Currency Contracts** | **Schedule of Forward Currency Contracts** | **Schedule of Forward Currency Contracts** | **Schedule of Forward Currency Contracts** |
| **March 31, 2026 (Unaudited)** | **March 31, 2026 (Unaudited)** | **March 31, 2026 (Unaudited)** | **March 31, 2026 (Unaudited)** | **March 31, 2026 (Unaudited)** | **March 31, 2026 (Unaudited)** | **March 31, 2026 (Unaudited)** |
| **Counterparty** | **Settlement Date** | **Currency Purchased** | **Currency Purchased** | **Currency Sold** | **Currency Sold** | **Unrealized**<br> **Appreciation** <br> (Depreciation) |
| U.S. Bancorp Investments, Inc. | 06/16/2026 | USD | 520712 | CHF | 400000 | $16182 |
| U.S. Bancorp Investments, Inc. | 06/16/2026 | USD | 46756640 | EUR | 40000000 | 358131 |
| U.S. Bancorp Investments, Inc. | 06/16/2026 | USD | 5381216 | GBP | 4000000 | 88070 |
| U.S. Bancorp Investments, Inc. | 06/16/2026 | EUR | 1000000 | USD | 1162955 | (2992) |
| **Net Unrealized Appreciation (Depreciation)** | **Net Unrealized Appreciation (Depreciation)** | **Net Unrealized Appreciation (Depreciation)** | **Net Unrealized Appreciation (Depreciation)** | **Net Unrealized Appreciation (Depreciation)** | **Net Unrealized Appreciation (Depreciation)** | $459391 |
| CHF - Swiss Franc | CHF - Swiss Franc | CHF - Swiss Franc | CHF - Swiss Franc | CHF - Swiss Franc | CHF - Swiss Franc | CHF - Swiss Franc |
| EUR - Euro | EUR - Euro | EUR - Euro | EUR - Euro | EUR - Euro | EUR - Euro | EUR - Euro |
| GBP - British Pound | GBP - British Pound | GBP - British Pound | GBP - British Pound | GBP - British Pound | GBP - British Pound | GBP - British Pound |
| USD - United States Dollar | USD - United States Dollar | USD - United States Dollar | USD - United States Dollar | USD - United States Dollar | USD - United States Dollar | USD - United States Dollar |

---

------

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Muzinich Dynamic Income Fund** | **Muzinich Dynamic Income Fund** | **Muzinich Dynamic Income Fund** | **Muzinich Dynamic Income Fund** | **Muzinich Dynamic Income Fund** | **Muzinich Dynamic Income Fund** | **Muzinich Dynamic Income Fund** | **Muzinich Dynamic Income Fund** | **Muzinich Dynamic Income Fund** |
| **Schedule of Credit Default Swap Contracts** | **Schedule of Credit Default Swap Contracts** | **Schedule of Credit Default Swap Contracts** | **Schedule of Credit Default Swap Contracts** | **Schedule of Credit Default Swap Contracts** | **Schedule of Credit Default Swap Contracts** | **Schedule of Credit Default Swap Contracts** | **Schedule of Credit Default Swap Contracts** | **Schedule of Credit Default Swap Contracts** |
| **Sell Protection** | **Sell Protection** | **Sell Protection** | **Sell Protection** | **Sell Protection** | **Sell Protection** | **Sell Protection** | **Sell Protection** | **Sell Protection** |
| **March 31, 2026 (Unaudited)** | **March 31, 2026 (Unaudited)** | **March 31, 2026 (Unaudited)** | **March 31, 2026 (Unaudited)** | **March 31, 2026 (Unaudited)** | **March 31, 2026 (Unaudited)** | **March 31, 2026 (Unaudited)** | **March 31, 2026 (Unaudited)** | **March 31, 2026 (Unaudited)** |
| **Reference Obligation \*** | **Financing Rate**<br> **Received (Paid)** | **Payment**<br> **Frequency** | **Rating of**<br> **Reference Entity** | **Maturity**<br> **Date** | **Notional** <br> **Amount (b)** | **Value (c)** | **Upfront**<br> **Payments(Receipts)** | **Unrealized**<br>**Appreciation**<br> (Depreciation) |
| **Sell Protection (a):** | **Sell Protection (a):** | **Sell Protection (a):** | **Sell Protection (a):** | **Sell Protection (a):** | **Sell Protection (a):** | **Sell Protection (a):** | **Sell Protection (a):** | **Sell Protection (a):** |
| CDX.NA.HY.45 12/20/2030 (SELL PROTECTION) | 5.00% | Quarterly | B2/B | 12/20/2030 | $1534500 | $83265 | $92696 | $(9431) |
|  | 0.000% |  |  |  |  | $83265 | $92696 | $(9431) |
| \* Centrally cleared swap. | \* Centrally cleared swap. | \* Centrally cleared swap. | \* Centrally cleared swap. | \* Centrally cleared swap. | \* Centrally cleared swap. | \* Centrally cleared swap. | \* Centrally cleared swap. | \* Centrally cleared swap. |
| Goldman Sachs is the counterparty for the swap. | Goldman Sachs is the counterparty for the swap. | Goldman Sachs is the counterparty for the swap. | Goldman Sachs is the counterparty for the swap. | Goldman Sachs is the counterparty for the swap. | Goldman Sachs is the counterparty for the swap. | Goldman Sachs is the counterparty for the swap. | Goldman Sachs is the counterparty for the swap. | Goldman Sachs is the counterparty for the swap. |
| (a) If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation of underlying securities comprising the referenced index. | (a) If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation of underlying securities comprising the referenced index. | (a) If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation of underlying securities comprising the referenced index. | (a) If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation of underlying securities comprising the referenced index. | (a) If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation of underlying securities comprising the referenced index. | (a) If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation of underlying securities comprising the referenced index. | (a) If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation of underlying securities comprising the referenced index. | (a) If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation of underlying securities comprising the referenced index. | (a) If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation of underlying securities comprising the referenced index. |
| (b) The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | (b) The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | (b) The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | (b) The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | (b) The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | (b) The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | (b) The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | (b) The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | (b) The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. |
| (c) The prices and resulting values for credit default swap agreements on credit indices serve as an indicator of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | (c) The prices and resulting values for credit default swap agreements on credit indices serve as an indicator of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | (c) The prices and resulting values for credit default swap agreements on credit indices serve as an indicator of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | (c) The prices and resulting values for credit default swap agreements on credit indices serve as an indicator of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | (c) The prices and resulting values for credit default swap agreements on credit indices serve as an indicator of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | (c) The prices and resulting values for credit default swap agreements on credit indices serve as an indicator of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | (c) The prices and resulting values for credit default swap agreements on credit indices serve as an indicator of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | (c) The prices and resulting values for credit default swap agreements on credit indices serve as an indicator of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | (c) The prices and resulting values for credit default swap agreements on credit indices serve as an indicator of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |

---

------

#### Summary of Fair Value Disclosure as of March 31, 2026 (Unaudited)
Muzinich Dynamic Income Fund (the "Fund") has adopted fair value accounting standards which establish a definition of fair value and set out a hierarchy for measuring fair value. These standards require additional disclosures about the various inputs and valuation techniques used to develop the measurements of fair value, a discussion of changes in valuation techniques and related inputs during the period, and expanded disclosure of valuation levels for major security types. These inputs are summarized in the three broad levels listed below. The inputs or valuation methodology used for valuing securities are not an indication of the risk associated with investing in those securities.

Level 1 - Unadjusted quoted prices in active markets for identical assets or liabilities that the Fund has the ability to access.

Level 2 - Observable inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risk, yield curves, default rates and similar data.

Level 3 - Unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available, representing the Fund's own assumptions about the assumptions a market participant would use in valuing the asset or liability, and based on the best information available.

The following is a summary of the fair valuation hierarchy of the Fund's securities as of March 31, 2026:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| **Assets:** | | | | |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Corporate Bonds | $– | $147794431 | $– | $147794431 |
|  &nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Securities | – | 3645367 | – | 3645367 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Collateralized Loan Obligations | – | 2309330 | – | 2309330 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Money Market Funds | 4160985 | – | – | 4160985 |
| Total Investments | $4160985 | $153749128 | $– | $157910113 |
| <u>Other Financial Instruments:</u> |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Forward Currency Contracts \* | $– | $462383 | $– | $462383 |
| Total Other Financial Instruments | $– | $462383 | $– | $462383 |
| **Liabilities:** |  |  |  |  |
| <u>Other Financial Instruments:</u> |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Futures Contracts \* | $(267554) | $– | $– | $(267554) |
| &nbsp;&nbsp;&nbsp;&nbsp;Forward Currency Contracts \* | – | (2992) | – | (2992) |
| &nbsp;&nbsp;&nbsp;&nbsp;Credit Default Swaps \* | – | (9431) | – | (9431) |
| Total Other Financial Instruments | $(267554) | $(12423) | $– | $(279977) |
| \* The fair value of the Fund's investment represents the unrealized appreciation (depreciation) as of March 31, 2026. | \* The fair value of the Fund's investment represents the unrealized appreciation (depreciation) as of March 31, 2026. | \* The fair value of the Fund's investment represents the unrealized appreciation (depreciation) as of March 31, 2026. | \* The fair value of the Fund's investment represents the unrealized appreciation (depreciation) as of March 31, 2026. | \* The fair value of the Fund's investment represents the unrealized appreciation (depreciation) as of March 31, 2026. |
| Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. |

---

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Professionally Managed Portfolios

- **b. Investment Company Act file number:** 811-05037

- **c. CIK number of Registrant:** 0000811030

- **d. LEI of Registrant:** 254900BPISCYGRJD2727

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

  - **Street Address 1:** 615 East Michigan Street

  - **City:** Milwaukee

  - **State:** WI

  - **Foreign country:** US

  - **Zip / Postal Code:** 53202

  - **Telephone number:** 414-516-1523

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

- **a. Name of Series:** Muzinich Dynamic Income Fund

- **b. EDGAR series identifier (if any):** S000036430

- **c. LEI of Series:** 549300O2AV4E7LEYJX07

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

- **a. Date of fiscal year-end:** 2026-12-31

- **b. Date as of which information is reported:** 2026-03-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $161685301.42

**Total Liabilities:** $4597040.67

**Net Assets:** $157088260.75

**Delayed Delivery Securities:** $449755.00

**Cash Not Reported:** $240886.96

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 749.307186000000 | **1-Year:** 5248.363494000000 | **5-Year:** 19938.212413000000 | **10-Year:** 13736.465821000000 | **30-Year:** 4784.511961000000

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

- **3-Month:** 11602.537437000000 | **1-Year:** 15316.455340000000 | **5-Year:** 93936.490554000000 | **10-Year:** 1621.555041000000 | **30-Year:** 161.421939000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000111442 | 0.41%                | 0.61%                | -1.91%               |
| Class ID C000111443 | 0.41%                | 0.61%                | -1.82%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $681279.30               | $-93678.04                                 |
| Month 2  | $-38787.14               | $195481.57                                 |
| Month 3  | $-399134.51              | $-4941944.87                               |

**Designated Index Information**

- **Index Name:** Fund's Securities Portfolio

- **Index Identifier:** JT3S360ILK

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| SM ENERGY CO                   | SM Energy Co                                                                     | CUSIP: 097793AE3<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | DBT              | CORP              | US        |    400000 | PA      | $399469.96    | 0.25%             | 2026-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SNF GROUP SACA                 | SNF Group SACA                                                                   | CUSIP: 784944AA8<br>LEI: 969500F7036FEDYPRV54 | Long             | DBT              | CORP              | FR        |    275000 | PA      | $278264.25    | 0.18%             | 2031-03-31      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| SINCLAIR TELEVISION GROU       | Sinclair Television Group Inc                                                    | CUSIP: 829259BH2<br>LEI: 549300CQGEN0CH65UD62 | Long             | DBT              | CORP              | US        |    125000 | PA      | $127187.50    | 0.08%             | 2033-02-15      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| SNAP INC                       | Snap Inc                                                                         | CUSIP: 83304AAL0<br>LEI: 549300JNC0L6VP8A2Q35 | Long             | DBT              | CORP              | US        |     75000 | PA      | $70865.39     | 0.05%             | 2033-03-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| SNAP INC                       | Snap Inc                                                                         | CUSIP: 83304AAM8<br>LEI: 549300JNC0L6VP8A2Q35 | Long             | DBT              | CORP              | US        |    200000 | PA      | $188231.52    | 0.12%             | 2034-03-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| SOCIETE GENERALE               | Societe Generale SA                                                              | CUSIP: 83368RCL4<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |    225000 | PA      | $222802.95    | 0.14%             | 2030-04-12      | Variable      | 4.45%                 | No            |                  2 | On Loan: No      |
| SOLVENTUM CORP                 | Solventum Corp                                                                   | CUSIP: 83444MAQ4<br>LEI: 254900I70403OSGY4M28 | Long             | DBT              | CORP              | US        |    330000 | PA      | $338672.26    | 0.22%             | 2031-03-13      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| STANDARD BUILDING SOLUTI       | Standard Building Solutions Inc                                                  | CUSIP: 853191AA2<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |    775000 | PA      | $775897.45    | 0.49%             | 2032-08-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| STANDARD CHARTERED PLC         | Standard Chartered PLC                                                           | CUSIP: BO6068908<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |    580000 | PA      | $663963.72    | 0.42%             | 2031-09-23      | Variable      | 1.20%                 | No            |                  2 | On Loan: No      |
| SOFINA SA                      | Sofina SA                                                                        | CUSIP: YJ9462245<br>LEI: 5493000GMVR38VUO5D39 | Long             | DBT              | CORP              | BE        |    600000 | PA      | $678771.05    | 0.43%             | 2033-11-13      | Fixed         | 3.71%                 | No            |                  2 | On Loan: No      |
| SHELL INTERNATIONAL FIN        | Shell International Finance BV                                                   | CUSIP: ZO3159845<br>LEI: 213800ITMMKU4Z7I4F78 | Long             | DBT              | CORP              | NL        |    200000 | PA      | $113387.70    | 0.07%             | 2052-09-10      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| SOC NAT ROMGAZ                 | Societatea Nationala de Gaze Naturale ROMGAZ SA                                  | CUSIP: YJ6196747<br>LEI: 2549009R7KJ38D9RW354 | Long             | DBT              | CORP              | RO        |    300000 | PA      | $342470.76    | 0.22%             | 2031-11-04      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| SOFTBANK GROUP CORP            | SoftBank Group Corp                                                              | CUSIP: YX9778607<br>LEI: 5493003BZYYYCDIO0R13 | Long             | DBT              | CORP              | JP        |    350000 | PA      | $385470.36    | 0.25%             | 2032-07-08      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| SOFTBANK GROUP CORP            | SoftBank Group Corp                                                              | CUSIP: YX9778573<br>LEI: 5493003BZYYYCDIO0R13 | Long             | DBT              | CORP              | JP        |    800000 | PA      | $790832.07    | 0.50%             | 2029-07-08      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| SOCIETE GENERALE               | Societe Generale SA                                                              | CUSIP: YL7466318<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |    300000 | PA      | $339457.05    | 0.22%             | 2033-09-02      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| SMBC AVIATION CAPITAL FI       | SMBC Aviation Capital Finance DAC                                                | CUSIP: ZB0336535<br>LEI: 549300OD7VKRVNWB2J98 | Long             | DBT              | CORP              | IE        |    400000 | PA      | $402035.10    | 0.26%             | 2034-04-03      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| SMBC AVIATION CAPITAL FI       | SMBC Aviation Capital Finance DAC                                                | CUSIP: DA6147569<br>LEI: 549300OD7VKRVNWB2J98 | Long             | DBT              | CORP              | IE        |    325000 | PA      | $317511.13    | 0.20%             | 2035-11-26      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SITIOS LATINOAMERICA           | Sitios Latinoamerica SAB de CV                                                   | CUSIP: YT4236774<br>LEI: 984500D2C0CDC0BFDD35 | Long             | DBT              | CORP              | MX        |    700000 | PA      | $706650.00    | 0.45%             | 2029-11-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| SK HYNIX INC                   | SK hynix Inc                                                                     | CUSIP: ZM2585705<br>LEI: 988400XAIK6XISWQV045 | Long             | DBT              | CORP              | KR        |   1100000 | PA      | $1198442.32   | 0.76%             | 2033-01-17      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| CROSSCOUNTRY INTER             | CrossCountry Intermediate HoldCo LLC                                             | CUSIP: 22757VAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    225000 | PA      | $214342.38    | 0.14%             | 2030-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| CROWN CASTLE INC               | Crown Castle Inc                                                                 | CUSIP: 22822VAR2<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              | CORP              | US        |    250000 | PA      | $234335.37    | 0.15%             | 2030-07-01      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY CAPITAL         | NextEra Energy Capital Holdings Inc                                              | CUSIP: 65339KBR0<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |    300000 | PA      | $273507.45    | 0.17%             | 2030-06-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| NEXSTAR MEDIA INC              | Nexstar Media Inc                                                                | CUSIP: 65346UAB5<br>LEI: 5493006PK6I4I2OOT688 | Long             | DBT              | CORP              | US        |    275000 | PA      | $277393.00    | 0.18%             | 2033-09-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| NISSAN MOTOR ACCEPTANCE        | Nissan Motor Acceptance Co LLC                                                   | CUSIP: 65480CAL9<br>LEI: 7D6DIU2QXTUJRFNNJA49 | Long             | DBT              | CORP              | US        |    300000 | PA      | $287859.22    | 0.18%             | 2030-09-30      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUE          | Venture Global Plaquemines LNG LLC                                               | CUSIP: 922966AD8<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |    475000 | PA      | $503422.58    | 0.32%             | 2036-01-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| VIPER ENERGY PARTNERS LL       | Viper Energy Partners LLC                                                        | CUSIP: 92764MAA2<br>LEI: 54930010ZZ02MRGRI973 | Long             | DBT              | CORP              | US        |    250000 | PA      | $250302.50    | 0.16%             | 2030-08-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| VIRGIN MEDIA FINANCE PLC       | Virgin Media Finance PLC                                                         | CUSIP: 92769VAJ8<br>LEI: 2138001LVYC87DDHT482 | Long             | DBT              | CORP              | GB        |    425000 | PA      | $348790.83    | 0.22%             | 2030-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VISTAJET MALTA/VM HOLDS        | VistaJet Malta Finance PLC / Vista Management Holding Inc                        | CUSIP: 92840JAD1<br>LEI: N/A                  | Long             | DBT              | CORP              | MT        |    650000 | PA      | $642248.04    | 0.41%             | 2027-05-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| VIA OUTLETS BV                 | VIA Outlets BV                                                                   | CUSIP: BS2533815<br>LEI: 2594009AT1MND8D7E216 | Long             | DBT              | CORP              | NL        |    229000 | PA      | $251812.21    | 0.16%             | 2028-11-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| CPI PROPERTY GROUP SA          | CPI Property Group SA                                                            | CUSIP: YV8416898<br>LEI: 222100CO2ZOTEPGJO223 | Long             | DBT              | CORP              | LU        |    350000 | PA      | $385907.14    | 0.25%             | 2032-01-27      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CURRENTA GROUP HOLDINGS        | Currenta Group Holdings Sarl                                                     | CUSIP: YO2560317<br>LEI: 222100SF79KCJKYUPE47 | Long             | DBT              | CORP              | LU        |    425000 | PA      | $489496.58    | 0.31%             | 2030-05-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NIAGARA ENERGY SAC             | Niagara Energy SAC                                                               | CUSIP: YU1133518<br>LEI: 254900V9UGCG42YQ6848 | Long             | DBT              | CORP              | PE        |    500000 | PA      | $499560.80    | 0.32%             | 2034-10-03      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| COMMERCIAL METALS CO           | Commercial Metals Co                                                             | CUSIP: 201723AS2<br>LEI: 549300OQS2LO07ZJ7N73 | Long             | DBT              | CORP              | US        |    150000 | PA      | $148540.19    | 0.09%             | 2033-11-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CONNECT FINCO SARL/CONNE       | Connect Finco SARL / Connect US Finco LLC                                        | CUSIP: 20752TAB0<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |    650000 | PA      | $683627.75    | 0.44%             | 2029-09-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| CONSTELLATION EN GEN LLC       | Constellation Energy Generation LLC                                              | CUSIP: 210385AQ3<br>LEI: S2PEWKCZFFECR4533P43 | Long             | DBT              | CORP              | US        |    325000 | PA      | $320994.54    | 0.20%             | 2031-01-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| COREWEAVE INC                  | CoreWeave Inc                                                                    | CUSIP: 21873SAC2<br>LEI: 984500511DP2B6186053 | Long             | DBT              | CORP              | US        |    275000 | PA      | $264334.15    | 0.17%             | 2031-02-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| COTY/HFC PRESTIGE/INT US       | Coty Inc/HFC Prestige Products Inc/HFC Prestige International US LLC             | CUSIP: 22207AAC6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    225000 | PA      | $217926.52    | 0.14%             | 2031-01-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| NASDAQ INC                     | Nasdaq Inc                                                                       | CUSIP: 63111XAJ0<br>LEI: 549300L8X1Q78ERXFD06 | Long             | DBT              | CORP              | US        |    500000 | PA      | $514884.65    | 0.33%             | 2034-02-15      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| NEPTUNE BIDCO US INC           | Neptune Bidco US Inc                                                             | CUSIP: 640695AA0<br>LEI: 549300VG15T3VCYZ4531 | Long             | DBT              | CORP              | US        |    400000 | PA      | $401018.00    | 0.26%             | 2029-04-15      | Fixed         | 9.29%                 | No            |                  2 | On Loan: No      |
| US ACUTE CARE SOLUTIONS        | US Acute Care Solutions LLC                                                      | CUSIP: 90367UAD3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    375000 | PA      | $362941.99    | 0.23%             | 2029-05-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| UNITED AIRLINES HOLDINGS       | United Airlines Holdings Inc                                                     | CUSIP: 910047AL3<br>LEI: 98450079DA0B78DD6764 | Long             | DBT              | CORP              | US        |    125000 | PA      | $122569.71    | 0.08%             | 2031-03-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| UNITED AIRLINES HOLDINGS       | United Airlines Holdings Inc                                                     | CUSIP: 910047AM1<br>LEI: 98450079DA0B78DD6764 | Long             | DBT              | CORP              | US        |    325000 | PA      | $318683.40    | 0.20%             | 2029-03-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| UNITED RENTALS NORTH AM        | United Rentals North America Inc                                                 | CUSIP: 911365BQ6<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |    550000 | PA      | $559276.30    | 0.36%             | 2029-12-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                                 | CUSIP: 91282CPZ8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3700000 | PA      | $3645367.21   | 2.32%             | 2036-02-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| VAIL RESORTS INC               | Vail Resorts Inc                                                                 | CUSIP: 91879QAQ2<br>LEI: 529900PSZHRNU9HKH870 | Long             | DBT              | CORP              | US        |    250000 | PA      | $248046.88    | 0.16%             | 2030-07-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| VAR ENERGI ASA                 | Var Energi ASA                                                                   | CUSIP: 92212WAF7<br>LEI: 549300LIVN3FFOJN2K47 | Long             | DBT              | CORP              | NO        |    340000 | PA      | $350930.52    | 0.22%             | 2030-05-22      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL CALCASIEU       | Venture Global Calcasieu Pass LLC                                                | CUSIP: 92328MAC7<br>LEI: 549300GKHS6RS20NLH85 | Long             | DBT              | CORP              | US        |    475000 | PA      | $421293.33    | 0.27%             | 2033-11-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| UNITI SERVICES LLC             | Uniti Services LLC                                                               | CUSIP: 97382BAB5<br>LEI: 549300KT9GVEBYCD2N29 | Long             | DBT              | CORP              | US        |    600000 | PA      | $620764.20    | 0.40%             | 2033-10-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| UNICREDIT SPA                  | UniCredit SpA                                                                    | CUSIP: BG0391683<br>LEI: 549300TRUWO2CD2G5692 | Long             | DBT              | CORP              | IT        |    500000 | PA      | $568368.86    | 0.36%             | 2027-06-03      | Variable      | 3.88%                 | No            |                  2 | On Loan: No      |
| CONTOURGLOBAL POWER HLDG       | ContourGlobal Power Holdings SA                                                  | CUSIP: YS7922406<br>LEI: 549300O5AGIFK0PQ1516 | Long             | DBT              | CORP              | LU        |    500000 | PA      | $579999.29    | 0.37%             | 2030-02-28      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NATIONWIDE BLDG SOCIETY        | Nationwide Building Society                                                      | CUSIP: ZB3115639<br>LEI: 549300XFX12G42QIKN82 | Long             | DBT              | CORP              | GB        |    550000 | PA      | $641760.41    | 0.41%             | 2034-04-16      | Variable      | 4.38%                 | No            |                  2 | On Loan: No      |
| NATIONAL CENTRAL COOLING       | National Central Cooling Co PJSC                                                 | CUSIP: ZO9466376<br>LEI: 254900E7M1Y3DXGQ1283 | Long             | DBT              | CORP              | AE        |    650000 | PA      | $622485.89    | 0.40%             | 2027-10-21      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| NATWEST GROUP PLC              | NatWest Group PLC                                                                | CUSIP: YR6316792<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |    150000 | PA      | $170183.31    | 0.11%             | 2035-02-25      | Variable      | 3.72%                 | No            |                  2 | On Loan: No      |
| COMMERZBANK AG                 | Commerzbank AG                                                                   | CUSIP: DA5077650<br>LEI: 851WYGNLUQLFZBSYGB56 | Long             | DBT              | CORP              | DE        |    600000 | PA      | $679755.07    | 0.43%             | 2030-11-26      | Variable      | 3.12%                 | No            |                  2 | On Loan: No      |
| N/A                            | EUR/USD FWD 20260616                                                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $-2992.27     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | US 5YR NOTE (CBT) Jun26                                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |        75 | NC      | $-76315.23    | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | GBP/USD FWD 20260616                                                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $88070.58     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| CODELCO INC                    | Corp Nacional del Cobre de Chile                                                 | CUSIP: ZI7610267<br>LEI: 549300UVMBCBCIPSUI70 | Long             | DBT              | CORP              | CL        |    500000 | PA      | $511178.00    | 0.33%             | 2034-01-08      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| CODELCO INC                    | Corp Nacional del Cobre de Chile                                                 | CUSIP: ZF5270862<br>LEI: 549300UVMBCBCIPSUI70 | Long             | DBT              | CORP              | CL        |    300000 | PA      | $316356.00    | 0.20%             | 2036-01-26      | Fixed         | 6.44%                 | No            |                  2 | On Loan: No      |
| N/A                            | EURO-BUND FUTURE  Jun26                                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | DE        |         9 | NC      | $-23430.64    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| BANK OF AMERICA CORP           | Bank of America Corp                                                             | CUSIP: 06051GMA4<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    100000 | PA      | $101961.09    | 0.06%             | 2035-01-23      | Variable      | 5.47%                 | No            |                  2 | On Loan: No      |
| BAXTER INTERNATIONAL INC       | Baxter International Inc                                                         | CUSIP: 071813DD8<br>LEI: J5OIVXX3P24RJRW5CK77 | Long             | DBT              | CORP              | US        |    345000 | PA      | $340686.91    | 0.22%             | 2030-12-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| BEACON MOBILITY CORP           | Beacon Mobility Corp                                                             | CUSIP: 073644AA4<br>LEI: 254900EBTYFG24UQEM31 | Long             | DBT              | CORP              | US        |    275000 | PA      | $284282.90    | 0.18%             | 2030-08-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| BLACK PEARL COMPUTE LLC        | Black Pearl Compute LLC                                                          | CUSIP: 09216NAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     75000 | PA      | $76431.29     | 0.05%             | 2031-02-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS                    | BNP Paribas SA                                                                   | CUSIP: 09659W2F0<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |    350000 | PA      | $348605.73    | 0.22%             | 2028-08-14      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| INSIGHT ENTERPRS               | Insight Enterprises Inc                                                          | CUSIP: 45765UAC7<br>LEI: 529900S8991TYW6YP792 | Long             | DBT              | CORP              | US        |    350000 | PA      | $338090.90    | 0.22%             | 2032-05-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| ITC HOLDINGS CORP              | ITC Holdings Corp                                                                | CUSIP: 465685AV7<br>LEI: 549300HTO5U9D3SLE207 | Long             | DBT              | CORP              | US        |    175000 | PA      | $175691.31    | 0.11%             | 2036-04-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO            | JPMorgan Chase & Co                                                              | CUSIP: 46647PEQ5<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    650000 | PA      | $651601.37    | 0.41%             | 2030-10-22      | Variable      | 4.60%                 | No            |                  2 | On Loan: No      |
| JABIL INC                      | Jabil Inc                                                                        | CUSIP: 46656PAD6<br>LEI: 5493000CGCQY2OQU7669 | Long             | DBT              | CORP              | US        |    250000 | PA      | $243604.55    | 0.16%             | 2033-02-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| JBS NV/USA FOODS/FOOD CO       | JBS NV/JBS USA Foods Group Holdings Inc/JBS USA Food Co Holdings                 | CUSIP: 472140AF9<br>LEI: N/A                  | Long             | DBT              | CORP              | NL        |    425000 | PA      | $425002.47    | 0.27%             | 2036-01-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| JBS NV/USA FOODS/FOOD CO       | JBS NV/JBS USA Foods Group Holdings Inc/JBS USA Food Co Holdings                 | CUSIP: 472140AH5<br>LEI: N/A                  | Long             | DBT              | CORP              | NL        |    390000 | PA      | $379822.96    | 0.24%             | 2056-03-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| KAISER ALUMINUM CORP           | Kaiser Aluminum Corp                                                             | CUSIP: 483007AM2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    400000 | PA      | $393193.72    | 0.25%             | 2034-03-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| KIOXIA HOLDINGS CORP           | Kioxia Holdings Corp                                                             | CUSIP: 49726JAA6<br>LEI: 35380080RTKRARNH4R73 | Long             | DBT              | CORP              | JP        |    200000 | PA      | $203598.31    | 0.13%             | 2030-07-24      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| KIOXIA HOLDINGS CORP           | Kioxia Holdings Corp                                                             | CUSIP: 49726JAB4<br>LEI: 35380080RTKRARNH4R73 | Long             | DBT              | CORP              | JP        |    200000 | PA      | $205164.76    | 0.13%             | 2033-07-24      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| N/A                            | US 10YR NOTE (CBT)Jun26                                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |        75 | NC      | $-167808.38   | -0.11%            |  |  |  | No            |                  1 | On Loan: No      |
| NBM US HOLDINGS INC            | NBM US Holdings Inc                                                              | CUSIP: AZ8757330<br>LEI: 5493008K1QMSP0J8UC24 | Long             | DBT              | CORP              | US        |    600000 | PA      | $601320.00    | 0.38%             | 2029-08-06      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| LEVEL 3 FINANCING INC          | Level 3 Financing Inc                                                            | CUSIP: 527298CM3<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |    325000 | PA      | $331146.08    | 0.21%             | 2033-06-30      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| LEVEL 3 FINANCING INC          | Level 3 Financing Inc                                                            | CUSIP: 527298CN1<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |    350000 | PA      | $358049.93    | 0.23%             | 2034-03-31      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| NAVOI MINING METALLURGIC       | Navoi Mining & Metallurgical Combinat                                            | CUSIP: YU3092282<br>LEI: N/A                  | Long             | DBT              | CORP              | UZ        |    400000 | PA      | $418465.65    | 0.27%             | 2031-10-17      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| BLOCK INC                      | Block Inc                                                                        | CUSIP: 852234AU7<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |    125000 | PA      | $122730.44    | 0.08%             | 2033-08-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BPCE SA                        | BPCE SA                                                                          | CUSIP: BR7719148<br>LEI: 9695005MSX1OYEMGDF46 | Long             | DBT              | CORP              | FR        |    400000 | PA      | $457408.48    | 0.29%             | 2042-01-13      | Variable      | 1.25%                 | No            |                  2 | On Loan: No      |
| JAGUAR LAND ROVER AUTOMO       | Jaguar Land Rover Automotive PLC                                                 | CUSIP: BQ4561552<br>LEI: 529900L73GEWN1O5NH84 | Long             | DBT              | CORP              | GB        |    300000 | PA      | $344711.58    | 0.22%             | 2028-07-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| KBC GROUP NV                   | KBC Group NV                                                                     | CUSIP: BR2423662<br>LEI: 213800X3Q9LSAKRUWY91 | Long             | DBT              | CORP              | BE        |    400000 | PA      | $456737.28    | 0.29%             | 2031-12-07      | Variable      | 0.62%                 | No            |                  2 | On Loan: No      |
| BAYERISCHE LANDESBANK          | Bayerische Landesbank                                                            | CUSIP: BQ0610080<br>LEI: VDYMYTQGZZ6DU0912C88 | Long             | DBT              | CORP              | DE        |    600000 | PA      | $689698.35    | 0.44%             | 2031-09-23      | Variable      | 1.00%                 | No            |                  2 | On Loan: No      |
| ISLANDSBANKI                   | Islandsbanki HF                                                                  | CUSIP: YJ9948219<br>LEI: 549300PZMFIQR79Q0T97 | Long             | DBT              | CORP              | IS        |    600000 | PA      | $676202.24    | 0.43%             | 2032-11-11      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| INT DISTRIBUTION SERV          | International Distribution Services PLC                                          | CUSIP: ZI7127528<br>LEI: 213800TCZZU84G8Z2M70 | Long             | DBT              | CORP              | GB        |    660000 | PA      | $910567.59    | 0.58%             | 2030-09-14      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| ING GROEP NV                   | ING Groep NV                                                                     | CUSIP: BY5001049<br>LEI: 549300NYKK9MWM7GGW15 | Long             | DBT              | CORP              | NL        |    300000 | PA      | $349410.34    | 0.22%             | 2033-08-24      | Variable      | 4.12%                 | No            |                  2 | On Loan: No      |
| BAYER AG                       | Bayer AG                                                                         | CUSIP: ZH0180542<br>LEI: 549300J4U55H3WP1XT59 | Long             | DBT              | CORP              | DE        |    500000 | PA      | $613229.37    | 0.39%             | 2083-09-25      | Variable      | 7.00%                 | No            |                  2 | On Loan: No      |
| LA FRANCAISE DES JEUX SA       | FDJ UNITED                                                                       | CUSIP: YT1882034<br>LEI: 969500R4CLSQFTYYI535 | Long             | DBT              | CORP              | FR        |    400000 | PA      | $445192.72    | 0.28%             | 2036-11-21      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| BP CAPITAL MARKETS BV          | BP Capital Markets BV                                                            | CUSIP: ZK5584881<br>LEI: 7245003VD7E4T30HJD24 | Long             | DBT              | CORP              | NL        |    510000 | PA      | $603778.00    | 0.38%             | 2035-05-12      | Fixed         | 4.32%                 | No            |                  2 | On Loan: No      |
| BANK OF IRELAND GROUP          | Bank of Ireland Group PLC                                                        | CUSIP: ZB8428458<br>LEI: 635400C8EK6DRI12LJ39 | Long             | DBT              | CORP              | IE        |    330000 | PA      | $388111.51    | 0.25%             | 2034-08-10      | Variable      | 4.75%                 | No            |                  2 | On Loan: No      |
| BANKINTER SA                   | Bankinter SA                                                                     | CUSIP: YR0354252<br>LEI: VWMYAEQSTOPNV0SUGU82 | Long             | DBT              | CORP              | ES        |    400000 | PA      | $454162.27    | 0.29%             | 2033-02-04      | Variable      | 3.62%                 | No            |                  2 | On Loan: No      |
| ITM ENTREPRISES SAS            | ITM Entreprises SAS                                                              | CUSIP: YS7922786<br>LEI: 969500LMMR83QL6TLK43 | Long             | DBT              | CORP              | FR        |    500000 | PA      | $579449.58    | 0.37%             | 2030-01-29      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| BANQUE FED CRED MUTUEL         | Banque Federative du Credit Mutuel SA                                            | CUSIP: YS4875425<br>LEI: VBHFXSYT7OG62HNT8T76 | Long             | DBT              | CORP              | FR        |    600000 | PA      | $688960.51    | 0.44%             | 2035-01-15      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| KION GROUP AG                  | KION Group AG                                                                    | CUSIP: YT1081546<br>LEI: 5299005KY91C4C6U9H17 | Long             | DBT              | CORP              | DE        |    260000 | PA      | $300710.47    | 0.19%             | 2029-11-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BARRY CALLEBAUT SVCS NV        | Barry Callebaut Services NV                                                      | CUSIP: YR4094805<br>LEI: 213800R1F1EJYM4ICO85 | Long             | DBT              | CORP              | BE        |    100000 | PA      | $116457.35    | 0.07%             | 2031-08-19      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| BARRY CALLEBAUT SVCS NV        | Barry Callebaut Services NV                                                      | CUSIP: YR4094797<br>LEI: 213800R1F1EJYM4ICO85 | Long             | DBT              | CORP              | BE        |    200000 | PA      | $230925.84    | 0.15%             | 2028-02-19      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| BIDVEST GROUP UK PLC           | Bidvest Group UK PLC/The                                                         | CUSIP: YL9735405<br>LEI: 984500A80C777F496830 | Long             | DBT              | CORP              | GB        |    400000 | PA      | $399692.86    | 0.25%             | 2032-09-17      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| BBVA MEX BANCA GRUPO TX        | BBVA Mexico SA Institucion De Banca Multiple Grupo Financiero BBVA Mexico/TX     | CUSIP: ZF1238137<br>LEI: 549300WIWQK5Q9MCUN92 | Long             | DBT              | CORP              | MX        |    650000 | PA      | $684964.73    | 0.44%             | 2039-01-08      | Variable      | 8.12%                 | No            |                  2 | On Loan: No      |
| BlackRock European CLO DAC     | Blackrock European Clo XV Designated Activity Co                                 | CUSIP: BCC3JQ8Z1<br>LEI: 635400IJBX53XCPMHB27 | Long             | ABS-CBDO         | CORP              | IE        |   1000000 | PA      | $1153120.81   | 0.73%             | 2038-01-28      | Floating      | 3.33%                 | No            |                  2 | On Loan: No      |
| BHARTI AIRTEL LTD              | Bharti Airtel Ltd                                                                | CUSIP: BO2478986<br>LEI: 335800KQ1FPKOQ84OR26 | Long             | DBT              | CORP              | IN        |    900000 | PA      | $845909.65    | 0.54%             | 2031-06-03      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                   | Broadcom Inc                                                                     | CUSIP: 11135FCQ2<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    250000 | PA      | $227080.23    | 0.14%             | 2031-02-15      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                   | Broadcom Inc                                                                     | CUSIP: 11135FCT6<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    375000 | PA      | $338054.43    | 0.22%             | 2034-04-15      | Fixed         | 3.47%                 | No            |                  2 | On Loan: No      |
| BUCKEYE PARTNERS LP            | Buckeye Partners LP                                                              | CUSIP: 118230AW1<br>LEI: 549300C1PQJLVEIUBK50 | Long             | DBT              | CORP              | US        |    175000 | PA      | $180682.95    | 0.12%             | 2030-02-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                  | Carnival Corp                                                                    | CUSIP: 143658BX9<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |    300000 | PA      | $303195.60    | 0.19%             | 2033-02-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| BACARDI LTD / MARTINI BV       | Bacardi Ltd / Bacardi-Martini BV                                                 | CUSIP: 05635JAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    475000 | PA      | $479845.86    | 0.31%             | 2029-01-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CHENIERE ENERGY INC            | Cheniere Energy Inc                                                              | CUSIP: 16411RAP4<br>LEI: MIHC87W9WTYSYZWV1J40 | Long             | DBT              | CORP              | US        |    275000 | PA      | $272439.32    | 0.17%             | 2036-07-30      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| CAIXABANK SA                   | CaixaBank SA                                                                     | CUSIP: ZF8244484<br>LEI: 7CUNS533WID6K7DGFI87 | Long             | DBT              | CORP              | ES        |    700000 | PA      | $822592.90    | 0.52%             | 2032-02-09      | Variable      | 4.12%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA BUYER/ATLANTI       | California Buyer Ltd / Atlantica Sustainable Infrastructure PLC                  | CUSIP: 13005HAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |    625000 | PA      | $610656.69    | 0.39%             | 2032-02-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CO       | Capital One Financial Corp                                                       | CUSIP: 14040HDC6<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |    465000 | PA      | $513812.51    | 0.33%             | 2031-10-30      | Variable      | 7.62%                 | No            |                  2 | On Loan: No      |
| CATHAYLIFE SINGAPORE           | Cathaylife Singapore Pte Ltd                                                     | CUSIP: YX9486615<br>LEI: 254900XS5E0JG85JTY26 | Long             | DBT              | CORP              | SG        |    850000 | PA      | $882015.25    | 0.56%             | 2034-07-05      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| CENCOSUD SA                    | Cencosud SA                                                                      | CUSIP: YX2895283<br>LEI: 549300NLTGCFV7482429 | Long             | DBT              | CORP              | CL        |    820000 | PA      | $839124.86    | 0.53%             | 2031-05-28      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| CAPSTONE COPPER CORP           | Capstone Copper Corp                                                             | CUSIP: 14071LAA6<br>LEI: 549300III6KGKKC42W63 | Long             | DBT              | CORP              | CA        |     75000 | PA      | $74836.19     | 0.05%             | 2033-03-31      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CARDINAL HEALTH INC            | Cardinal Health Inc                                                              | CUSIP: 14149YBS6<br>LEI: CCU46N3GJMF4OK4N7U60 | Long             | DBT              | CORP              | US        |    575000 | PA      | $581256.11    | 0.37%             | 2034-11-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| BANCO BPM SPA                  | Banco BPM SpA                                                                    | CUSIP: YV5288548<br>LEI: 815600E4E6DCD2D25E30 | Long             | DBT              | CORP              | IT        |    690000 | PA      | $798275.87    | 0.51%             | 2030-09-09      | Variable      | 3.88%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA BUYER/ATLANTI       | California Buyer Ltd / Atlantica Sustainable Infrastructure PLC                  | CUSIP: YU6713868<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |    475000 | PA      | $532118.62    | 0.34%             | 2032-02-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| CANAL PLUS SA                  | Canal+ SA                                                                        | CUSIP: DA7267374<br>LEI: 9695000537F9F73BXN18 | Long             | DBT              | CORP              | FR        |    400000 | PA      | $456429.22    | 0.29%             | 2030-12-03      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| BAKER HUGHES LLC/CO-OBL        | Baker Hughes Holdings LLC / Baker Hughes Co-Obligor Inc                          | CUSIP: 05724BAF6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    225000 | PA      | $257183.64    | 0.16%             | 2034-03-11      | Fixed         | 3.81%                 | No            |                  2 | On Loan: No      |
| DT MIDSTREAM INC               | DT Midstream Inc                                                                 | CUSIP: 23345MAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    475000 | PA      | $465159.52    | 0.30%             | 2029-06-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| DEERE & COMPANY                | Deere & Co                                                                       | CUSIP: 244199BL8<br>LEI: PWFTNG3EI0Y73OXWDH08 | Long             | DBT              | CORP              | US        |    300000 | PA      | $312032.99    | 0.20%             | 2035-01-16      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| DELL INT LLC / EMC CORP        | Dell International LLC / EMC Corp                                                | CUSIP: 24703DBT7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    300000 | PA      | $295742.09    | 0.19%             | 2032-10-06      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK NY               | Deutsche Bank AG/New York NY                                                     | CUSIP: 251526DB2<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |    600000 | PA      | $597710.54    | 0.38%             | 2031-08-04      | Variable      | 4.95%                 | No            |                  2 | On Loan: No      |
| DICK'S SPORTING GOODS          | Dick's Sporting Goods Inc                                                        | CUSIP: 253393AH5<br>LEI: 529900SSBV5I4LWSK313 | Long             | DBT              | CORP              | US        |    425000 | PA      | $413824.39    | 0.26%             | 2029-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| EDGEWELL PERSONAL CARE         | Edgewell Personal Care Co                                                        | CUSIP: 28035QAA0<br>LEI: 549300CY8QZDL4Z3RU59 | Long             | DBT              | CORP              | US        |    400000 | PA      | $397827.72    | 0.25%             | 2028-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| EDGEWELL PERSONAL CARE         | Edgewell Personal Care Co                                                        | CUSIP: 28035QAB8<br>LEI: 549300CY8QZDL4Z3RU59 | Long             | DBT              | CORP              | US        |    500000 | PA      | $472661.85    | 0.30%             | 2029-04-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| ENERGIZER HOLDINGS INC         | Energizer Holdings Inc                                                           | CUSIP: 29272WAD1<br>LEI: 5493000D6NN0V57UME20 | Long             | DBT              | CORP              | US        |    175000 | PA      | $166601.40    | 0.11%             | 2029-03-31      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| ENDO FINANCE HOLDINGS LP       | Endo Finance Holdings LP                                                         | CUSIP: 29281RAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    400000 | PA      | $419107.60    | 0.27%             | 2031-04-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| DISCOVERY HOLDINGS INC         | Discovery Global Holdings Inc                                                    | CUSIP: 55903VBY8<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |    200000 | PA      | $193335.00    | 0.12%             | 2029-03-15      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| NTT FINANCE CORP               | NTT Finance Corp                                                                 | CUSIP: 62954WAQ8<br>LEI: 3538007PR116187GD960 | Long             | DBT              | CORP              | JP        |    320000 | PA      | $321289.45    | 0.20%             | 2028-07-16      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| NOVARTIS CAPITAL CORP          | Novartis Capital Corp                                                            | CUSIP: 66989HBG2<br>LEI: 5493002KF87V5RSRQS84 | Long             | DBT              | CORP              | US        |    425000 | PA      | $424836.59    | 0.27%             | 2031-03-18      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| NOVELIS CORP                   | Novelis Corp                                                                     | CUSIP: 670001AL0<br>LEI: 549300G5F3W3B52WYL23 | Long             | DBT              | CORP              | US        |    150000 | PA      | $151408.52    | 0.10%             | 2030-01-30      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| OAK-EAGLE ACQUIRECO INC        | OAK-Eagle Acquireco Inc                                                          | CUSIP: 67124CAA1<br>LEI: 6488ICS9P20290MA1H31 | Long             | DBT              | CORP              | US        |    150000 | PA      | $155711.51    | 0.10%             | 2033-07-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| OAK-EAGLE ACQUIRECO INC        | OAK-Eagle Acquireco Inc                                                          | CUSIP: 67124CAB9<br>LEI: 6488ICS9P20290MA1H31 | Long             | DBT              | CORP              | US        |    125000 | PA      | $131098.53    | 0.08%             | 2034-07-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| ONEOK INC                      | ONEOK Inc                                                                        | CUSIP: 682680DC4<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |    300000 | PA      | $298342.43    | 0.19%             | 2035-10-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP           | OneMain Finance Corp                                                             | CUSIP: 682691AB6<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    400000 | PA      | $392625.52    | 0.25%             | 2027-01-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| ONESKY FLIGHT LLC              | OneSky Flight LLC                                                                | CUSIP: 68278CAA3<br>LEI: 549300PM6NEPXGG5B882 | Long             | DBT              | CORP              | US        |    350000 | PA      | $361471.95    | 0.23%             | 2029-12-15      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC               | T-Mobile USA Inc                                                                 | CUSIP: 87264ACY9<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    500000 | PA      | $503950.63    | 0.32%             | 2033-07-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC               | T-Mobile USA Inc                                                                 | CUSIP: 87264AEA9<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    430000 | PA      | $417826.53    | 0.27%             | 2056-02-15      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| TOPBUILD CORP                  | TopBuild Corp                                                                    | CUSIP: 89055FAD5<br>LEI: 5493007YSKHOL4RWII46 | Long             | DBT              | CORP              | US        |    250000 | PA      | $244953.23    | 0.16%             | 2034-01-31      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                  | TransDigm Inc                                                                    | CUSIP: 893647BV8<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |    500000 | PA      | $510311.50    | 0.32%             | 2032-03-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| TRINET GROUP INC               | TriNet Group Inc                                                                 | CUSIP: 896288AC1<br>LEI: 5299003FJVBETSFKE990 | Long             | DBT              | CORP              | US        |    400000 | PA      | $388476.96    | 0.25%             | 2031-08-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| TRUST 2401                     | Trust 2401                                                                       | CUSIP: 89834MAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | MX        |    200000 | PA      | $192701.00    | 0.12%             | 2030-01-15      | Fixed         | 4.87%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                   | UBS Group AG                                                                     | CUSIP: 902613AE8<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |    460000 | PA      | $405403.85    | 0.26%             | 2032-02-11      | Variable      | 2.10%                 | No            |                  2 | On Loan: No      |
| UKG INC                        | UKG Inc                                                                          | CUSIP: 90279XAA0<br>LEI: 529900FKHWSTQ1GXK240 | Long             | DBT              | CORP              | US        |    400000 | PA      | $388489.48    | 0.25%             | 2031-02-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS CO LLC       | Vistra Operations Co LLC                                                         | CUSIP: 92840VAQ5<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |    500000 | PA      | $544236.50    | 0.35%             | 2033-10-15      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| WASTE PRO USA INC              | Waste Pro USA Inc                                                                | CUSIP: 94107JAC7<br>LEI: 549300BY1QXU5BI3UF28 | Long             | DBT              | CORP              | US        |     75000 | PA      | $76028.63     | 0.05%             | 2033-02-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| WESCO DISTRIBUTION INC         | WESCO Distribution Inc                                                           | CUSIP: 95081QAS3<br>LEI: 549300I2CEZJG9N4AH67 | Long             | DBT              | CORP              | US        |     75000 | PA      | $76304.25     | 0.05%             | 2033-03-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| WESTINGHOUSE AIR BRAKE         | Westinghouse Air Brake Technologies Corp                                         | CUSIP: 960386AS9<br>LEI: 06BTX5UWZD0GQ5N5Y745 | Long             | DBT              | CORP              | US        |    260000 | PA      | $262909.29    | 0.17%             | 2030-05-29      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| WHIRLPOOL CORP                 | Whirlpool Corp                                                                   | CUSIP: 963320BD7<br>LEI: WHENKOULSSK7WUM60H03 | Long             | DBT              | CORP              | US        |    225000 | PA      | $219605.40    | 0.14%             | 2030-06-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| WILLIAMS SCOTSMAN INC          | Williams Scotsman Inc                                                            | CUSIP: 96949VAN3<br>LEI: 549300DAKDS8SCO1OT57 | Long             | DBT              | CORP              | US        |    225000 | PA      | $228719.03    | 0.15%             | 2030-04-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| XPLR INFRAST OPERATING         | XPLR Infrastructure Operating Partners LP                                        | CUSIP: 98380MAA3<br>LEI: 549300KJEC5IUVJWR786 | Long             | DBT              | CORP              | US        |     50000 | PA      | $52600.15     | 0.03%             | 2031-01-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| ZF NA CAPITAL                  | ZF North America Capital Inc                                                     | CUSIP: 98877DAE5<br>LEI: 529900JYGMS9CW9IQX78 | Long             | DBT              | CORP              | US        |    325000 | PA      | $320671.52    | 0.20%             | 2030-04-14      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| WINTERSHALL DEA FINANCE        | Wintershall Dea Finance BV                                                       | CUSIP: YV8953452<br>LEI: 529900SUC9JUI6M74U66 | Long             | DBT              | CORP              | NL        |    100000 | PA      | $114967.25    | 0.07%             | 2029-10-03      | Fixed         | 3.83%                 | No            |                  2 | On Loan: No      |
| WINTERSHALL DEA FINANCE        | Wintershall Dea Finance BV                                                       | CUSIP: YV9582045<br>LEI: 529900SUC9JUI6M74U66 | Long             | DBT              | CORP              | NL        |    300000 | PA      | $344264.21    | 0.22%             | 2032-10-03      | Fixed         | 4.36%                 | No            |                  2 | On Loan: No      |
| UBISOFT ENTERTAINMENT SA       | Ubisoft Entertainment SA                                                         | CUSIP: BM6254395<br>LEI: 969500I7C8V1LBIMSM05 | Long             | DBT              | CORP              | FR        |    400000 | PA      | $373492.39    | 0.24%             | 2027-11-24      | Fixed         | 0.88%                 | No            |                  2 | On Loan: No      |
| VOLKSWAGEN INTL FIN NV         | Volkswagen International Finance NV                                              | CUSIP: BJ9809382<br>LEI: 5299004PWNHKYTR23649 | Long             | DBT              | CORP              | NL        |    500000 | PA      | $556285.22    | 0.35%             | 2029-06-17      | Variable      | 3.88%                 | No            |                  2 | On Loan: No      |
| WINTERSHALL DEA FIN 2BV        | Wintershall Dea Finance 2 BV                                                     | CUSIP: BN5129406<br>LEI: 529900DV88FUQZSVVL48 | Long             | DBT              | CORP              | NL        |    300000 | PA      | $331777.99    | 0.21%             | 2028-07-20      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| ELECTRICITE DE FRANCE SA       | Electricite de France SA                                                         | CUSIP: ZO3863636<br>LEI: 549300X3UK4GG3FNMO06 | Long             | DBT              | CORP              | FR        |    600000 | PA      | $688187.97    | 0.44%             | 2026-12-15      | Variable      | 2.88%                 | No            |                  2 | On Loan: No      |
| TIKEHAU CAPITAL SCA            | Tikehau Capital SCA                                                              | CUSIP: YQ8309243<br>LEI: 969500BY8TEU16U3SJ94 | Long             | DBT              | CORP              | FR        |    300000 | PA      | $339239.34    | 0.22%             | 2031-04-08      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| NJJ CONTINENTAL SA             | NJJ Continental SA                                                               | CUSIP: ZJ7191357<br>LEI: 549300MTB0YI26SMUT22 | Long             | DBT              | CORP              | LU        |    400000 | PA      | $516508.25    | 0.33%             | 2028-07-31      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CZECHOSLOVAK GROUP             | Czechoslovak Group AS                                                            | CUSIP: YN6489796<br>LEI: 315700SWFD7G70AVG768 | Long             | DBT              | CORP              | CZ        |    675000 | PA      | $800572.77    | 0.51%             | 2031-01-10      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK AG               | Deutsche Bank AG                                                                 | CUSIP: ZN2155176<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |    600000 | PA      | $739475.07    | 0.47%             | 2027-12-01      | Variable      | 10.00%                | No            |                  2 | On Loan: No      |
| TRIODOS BANK NV                | Triodos Bank NV                                                                  | CUSIP: YV5085209<br>LEI: 724500PMK2A2M1SQQ228 | Long             | DBT              | CORP              | NL        |    400000 | PA      | $469261.05    | 0.30%             | 2029-09-12      | Variable      | 4.88%                 | No            |                  2 | On Loan: No      |
| TOTALENERGIES SE               | TotalEnergies SE                                                                 | CUSIP: YT1875624<br>LEI: 529900S21EQ1BO4ESM68 | Long             | DBT              | CORP              | FR        |    575000 | PA      | $662196.00    | 0.42%             | 2029-11-19      | Variable      | 4.12%                 | No            |                  2 | On Loan: No      |
| ELECTRICA SA                   | Societatea Energetica Electrica SA                                               | CUSIP: YN9243406<br>LEI: 213800P4SUNUM5AUDX61 | Long             | DBT              | CORP              | RO        |    350000 | PA      | $402923.25    | 0.26%             | 2030-07-14      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK AG               | Deutsche Bank AG                                                                 | CUSIP: YR3234949<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |    200000 | PA      | $227021.59    | 0.14%             | 2031-02-13      | Variable      | 3.38%                 | No            |                  2 | On Loan: No      |
| UNICREDIT SPA                  | UniCredit SpA                                                                    | CUSIP: AN9410704<br>LEI: 549300TRUWO2CD2G5692 | Long             | DBT              | CORP              | IT        |    600000 | PA      | $603740.47    | 0.38%             | 2032-06-19      | Variable      | 5.86%                 | No            |                  2 | On Loan: No      |
| ENDEAVOUR MINING PLC           | Endeavour Mining PLC                                                             | CUSIP: YO6735816<br>LEI: 529900NI5MXQ91GHXR07 | Long             | DBT              | CORP              | GB        |    500000 | PA      | $508054.38    | 0.32%             | 2030-05-28      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                   | UBS Group AG                                                                     | CUSIP: ZG0292620<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |    800000 | PA      | $853642.56    | 0.54%             | 2028-11-13      | Variable      | 9.25%                 | No            |                  2 | On Loan: No      |
| DAI-ICHI LIFE INSURANCE        | Dai-ichi Life Insurance Co Ltd/The                                               | CUSIP: YS4067668<br>LEI: 3538001235ACEIORUV72 | Long             | DBT              | CORP              | JP        |    200000 | PA      | $201249.00    | 0.13%             | 2035-01-16      | Variable      | 6.20%                 | No            |                  2 | On Loan: No      |
| VIVO ENERGY INVESTMENTS        | Vivo Energy Investments BV                                                       | CUSIP: ZO5275573<br>LEI: 724500P3OXMB2IERLM56 | Long             | DBT              | CORP              | NL        |    400000 | PA      | $396791.55    | 0.25%             | 2027-09-24      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| EMPRESA NACIONAL DEL PET       | Empresa Nacional del Petroleo                                                    | CUSIP: YW6350022<br>LEI: 549300YP3P0JZBLIV197 | Long             | DBT              | CORP              | CL        |    325000 | PA      | $328546.32    | 0.21%             | 2034-07-30      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| DAE FUNDING LLC                | DAE Funding LLC                                                                  | CUSIP: BN5056963<br>LEI: 635400SZTPQL3Y1P2C76 | Long             | DBT              | CORP              | US        |    900000 | PA      | $866682.91    | 0.55%             | 2028-03-20      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| LIFEPOINT HEALTH INC           | LifePoint Health Inc                                                             | CUSIP: 53219LAY5<br>LEI: 549300G8ZVHRTBBBSZ90 | Long             | DBT              | CORP              | US        |    450000 | PA      | $480773.70    | 0.31%             | 2032-02-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| LIGHTNING POWER LLC            | Lightning Power LLC                                                              | CUSIP: 53229KAA7<br>LEI: 254900BWCHJ03XRL8K59 | Long             | DBT              | CORP              | US        |    375000 | PA      | $390056.25    | 0.25%             | 2032-08-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| LOWE'S COS INC                 | Lowe's Cos Inc                                                                   | CUSIP: 548661EQ6<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | DBT              | CORP              | US        |    425000 | PA      | $430261.84    | 0.27%             | 2033-07-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| MAPLE PARENT HLDS CO           | Maple Parent Holdings Corp                                                       | CUSIP: 56530KAB2<br>LEI: 254900J6FBJ1E892Q074 | Long             | DBT              | CORP              | US        |    175000 | PA      | $174327.14    | 0.11%             | 2031-03-26      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| ROGERS COMMUNICATIONS IN       | Rogers Communications Inc                                                        | CUSIP: 775109DF5<br>LEI: 5493000M6Z4XFIP6PF03 | Long             | DBT              | CORP              | CA        |    250000 | PA      | $249568.06    | 0.16%             | 2034-02-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| STELLANTIS FINANCIAL SER       | Stellantis Financial Services US Corp                                            | CUSIP: 85855FAB9<br>LEI: 5493000KNKFDOC1BOW59 | Long             | DBT              | CORP              | US        |    425000 | PA      | $417497.08    | 0.27%             | 2030-09-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| ALLY FINANCIAL INC             | Ally Financial Inc                                                               | CUSIP: 02005NBZ2<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |    485000 | PA      | $492634.96    | 0.31%             | 2029-05-15      | Variable      | 5.74%                 | No            |                  2 | On Loan: No      |
| ALPHA GENERATION LLC           | Alpha Generation LLC                                                             | CUSIP: 02073LAA9<br>LEI: 254900K5V62L4YGVKF49 | Long             | DBT              | CORP              | US        |    550000 | PA      | $556014.25    | 0.35%             | 2032-10-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ALPHA GENERATION LLC           | Alpha Generation LLC                                                             | CUSIP: 02073LAC5<br>LEI: 254900K5V62L4YGVKF49 | Long             | DBT              | CORP              | US        |    425000 | PA      | $417414.81    | 0.27%             | 2034-01-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| LLOYDS BANKING GROUP PLC       | Lloyds Banking Group PLC                                                         | CUSIP: BP9627632<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |    730000 | PA      | $952896.72    | 0.61%             | 2031-12-15      | Variable      | 1.99%                 | No            |                  2 | On Loan: No      |
| LKQ DUTCH BOND BV              | LKQ Dutch Bond BV                                                                | CUSIP: ZD2725194<br>LEI: 724500O7KBK1ICWRWC17 | Long             | DBT              | CORP              | NL        |    275000 | PA      | $315052.74    | 0.20%             | 2031-03-13      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| STONEWEG EREIT LUX FINCO       | Stoneweg Ereit Lux Finco Sarl                                                    | CUSIP: YJ0704769<br>LEI: 213800VKBKU9G6DF2O19 | Long             | DBT              | CORP              | LU        |    525000 | PA      | $582280.42    | 0.37%             | 2033-02-22      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| STEDIN HOLDING NV              | Stedin Holding NV                                                                | CUSIP: YR2017774<br>LEI: 724500R5IP6TFKTNRU48 | Long             | DBT              | CORP              | NL        |    250000 | PA      | $271620.17    | 0.17%             | 2037-02-12      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| STUDIO CITY CO LTD             | Studio City Co Ltd                                                               | CUSIP: BU3356989<br>LEI: 984500V5401EFT095A58 | Long             | DBT              | CORP              | VG        |    750000 | PA      | $749497.11    | 0.48%             | 2027-02-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| MARCOBRE SAC                   | Marcobre SAC                                                                     | CUSIP: YI0829857<br>LEI: 254900BORIUZFCM1XB72 | Long             | DBT              | CORP              | PE        |    500000 | PA      | $483380.00    | 0.31%             | 2036-01-22      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| LGENERGYSOLUTION               | LG Energy Solution Ltd                                                           | CUSIP: ZI6385002<br>LEI: 988400QX6P286XA6ZS85 | Long             | DBT              | CORP              | KR        |    670000 | PA      | $683924.86    | 0.44%             | 2028-09-25      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| BANCO SANTANDER SA             | Banco Santander SA                                                               | CUSIP: 05971KAP4<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |    600000 | PA      | $647002.80    | 0.41%             | 2028-11-21      | Variable      | 9.62%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP           | Bank of America Corp                                                             | CUSIP: 06051GHD4<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    250000 | PA      | $245667.92    | 0.16%             | 2028-12-20      | Variable      | 3.42%                 | No            |                  2 | On Loan: No      |
| BANCO COMERC PORTUGUES         | Banco Comercial Portugues SA                                                     | CUSIP: ZF2704343<br>LEI: JU1U6S0DG9YLT7N8ZV32 | Long             | DBT              | CORP              | PT        |    400000 | PA      | $495161.39    | 0.32%             | 2029-01-18      | Variable      | 8.12%                 | No            |                  2 | On Loan: No      |
| BANCO DE SABADELL SA           | Banco de Sabadell SA                                                             | CUSIP: BS3554588<br>LEI: SI5RG2M0WQQLZCXKRM20 | Long             | DBT              | CORP              | ES        |    600000 | PA      | $693589.63    | 0.44%             | 2027-05-19      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| AMAZON.COM INC                 | Amazon.com Inc                                                                   | CUSIP: 023135DF0<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |    200000 | PA      | $198403.27    | 0.13%             | 2036-03-13      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| AMAZON.COM INC                 | Amazon.com Inc                                                                   | CUSIP: 023135DH6<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |    805000 | PA      | $807592.78    | 0.51%             | 2056-03-13      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| AMERICAN AXLE & MFG INC        | American Axle & Manufacturing Inc                                                | CUSIP: 02406PBC3<br>LEI: RY5TAKFOBLDUGX31MS24 | Long             | DBT              | CORP              | US        |    200000 | PA      | $197365.60    | 0.13%             | 2032-10-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| AMERICAN AXLE & MFG INC        | American Axle & Manufacturing Inc                                                | CUSIP: 02406PBD1<br>LEI: RY5TAKFOBLDUGX31MS24 | Long             | DBT              | CORP              | US        |    225000 | PA      | $217980.00    | 0.14%             | 2033-10-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO            | American Express Co                                                              | CUSIP: 025816EF2<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |    225000 | PA      | $228780.13    | 0.15%             | 2031-04-25      | Variable      | 5.02%                 | No            |                  2 | On Loan: No      |
| INDIAN RAILWAY FINANCE         | Indian Railway Finance Corp Ltd                                                  | CUSIP: 45434M2H4<br>LEI: 335800F2JHSOGXQEBY56 | Long             | DBT              | CORP              | IN        |    850000 | PA      | $796440.23    | 0.51%             | 2032-01-21      | Fixed         | 3.57%                 | No            |                  2 | On Loan: No      |
| AMBER FINCO PLC                | Amber Finco PLC                                                                  | CUSIP: YW0842586<br>LEI: 9845004C0870D380O790 | Long             | DBT              | CORP              | GB        |    225000 | PA      | $267395.89    | 0.17%             | 2029-07-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| INDOFOOD CBP SUKSES MAKM       | Indofood CBP Sukses Makmur Tbk PT                                                | CUSIP: BP8908371<br>LEI: 254900YKZW9GRKZZN285 | Long             | DBT              | CORP              | ID        |    860000 | PA      | $791645.28    | 0.50%             | 2031-06-09      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| IMMOBILIARE GRANDE DIST        | Immobiliare Grande Distribuzione SIIQ SpA                                        | CUSIP: YJ6196804<br>LEI: 815600CF8C0389D0E272 | Long             | DBT              | CORP              | IT        |    325000 | PA      | $371596.76    | 0.24%             | 2030-11-04      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| ALTRAD INVESTMENT AUTHOR       | Altrad Investment Authority SAS                                                  | CUSIP: YN2904806<br>LEI: 969500ZVXDEW43J4LH50 | Long             | DBT              | CORP              | FR        |    400000 | PA      | $457014.19    | 0.29%             | 2032-06-23      | Fixed         | 4.43%                 | No            |                  2 | On Loan: No      |
| IMERYS SA                      | Imerys SA                                                                        | CUSIP: DA3581430<br>LEI: 54930075MZSSIB2TGC64 | Long             | DBT              | CORP              | FR        |    500000 | PA      | $559444.11    | 0.36%             | 2032-11-21      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| APH/APH2/APH3/AQUARIAN         | APH Somerset Investor 2 LLC / APH2 Somerset Investor 2 LLC / APH3 Somerset Inves | CUSIP: 00188QAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    400000 | PA      | $360074.00    | 0.23%             | 2029-11-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| AT&T INC                       | AT&T Inc                                                                         | CUSIP: 00206RLJ9<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    390000 | PA      | $254466.53    | 0.16%             | 2055-09-15      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| ANGLOGOLD HOLDINGS PLC         | AngloGold Ashanti Holdings PLC                                                   | CUSIP: 03512TAB7<br>LEI: 213800745ZIXC4L6A131 | Long             | DBT              | CORP              | IM        |    400000 | PA      | $425388.41    | 0.27%             | 2040-04-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ANGLOGOLD HOLDINGS PLC         | AngloGold Ashanti Holdings PLC                                                   | CUSIP: 03512TAE1<br>LEI: 213800745ZIXC4L6A131 | Long             | DBT              | CORP              | IM        |    400000 | PA      | $387702.17    | 0.25%             | 2030-10-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| ASURION LLC/ASURION CO         | Asurion LLC/ Asurion Co-Issuer Inc                                               | CUSIP: 045941AB7<br>LEI: 549300KNQVXGIOXWK278 | Long             | DBT              | CORP              | US        |    750000 | PA      | $727194.90    | 0.46%             | 2034-02-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| AVOLON HOLDINGS FNDG LTD       | Avolon Holdings Funding Ltd                                                      | CUSIP: 05401ABA8<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | KY        |    525000 | PA      | $521638.54    | 0.33%             | 2030-10-10      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| AXON ENTERPRISE INC            | Axon Enterprise Inc                                                              | CUSIP: 05464CAD3<br>LEI: 549300QP2IEEGFE16681 | Long             | DBT              | CORP              | US        |    150000 | PA      | $153224.70    | 0.10%             | 2033-03-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| AZORRA FINANCE                 | Azorra Finance Ltd                                                               | CUSIP: 05480AAB1<br>LEI: 254900MC1HXDAVUUP395 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $202064.40    | 0.13%             | 2031-01-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC              | HSBC Holdings PLC                                                                | CUSIP: 404280CH0<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    450000 | PA      | $415897.05    | 0.26%             | 2031-06-04      | Variable      | 2.85%                 | No            |                  2 | On Loan: No      |
| HOME DEPOT INC                 | Home Depot Inc/The                                                               | CUSIP: 437076DE9<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | DBT              | CORP              | US        |    200000 | PA      | $201609.39    | 0.13%             | 2034-06-25      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| HOWARD HUGHES CORP             | Howard Hughes Corp/The                                                           | CUSIP: 44267DAE7<br>LEI: 549300BVHY25JZC1KI49 | Long             | DBT              | CORP              | US        |    250000 | PA      | $236656.96    | 0.15%             | 2029-02-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| HOWARD HUGHES CORP             | Howard Hughes Corp/The                                                           | CUSIP: 44267DAH0<br>LEI: 549300BVHY25JZC1KI49 | Long             | DBT              | CORP              | US        |    200000 | PA      | $192406.96    | 0.12%             | 2034-03-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| ICAHN ENTERPRISES/FIN          | Icahn Enterprises LP / Icahn Enterprises Finance Corp                            | CUSIP: 451102BZ9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    800000 | PA      | $784433.52    | 0.50%             | 2027-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC              | HSBC Holdings PLC                                                                | CUSIP: ZD8238820<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    150000 | PA      | $175617.21    | 0.11%             | 2035-03-22      | Variable      | 4.60%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC              | HSBC Holdings PLC                                                                | CUSIP: ZN2147470<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    345000 | PA      | $413395.57    | 0.26%             | 2032-11-16      | Variable      | 6.36%                 | No            |                  2 | On Loan: No      |
| ATHORA NETHERLANDS             | Athora Netherlands NV                                                            | CUSIP: BW7617713<br>LEI: 724500MKKXKEVWMN9E13 | Long             | DBT              | CORP              | NL        |    475000 | PA      | $556504.18    | 0.35%             | 2032-08-31      | Variable      | 5.38%                 | No            |                  2 | On Loan: No      |
| HLD EUROPE                     | HLD Europe SCA                                                                   | CUSIP: YQ6763458<br>LEI: 222100KJO80ONXIK8X08 | Long             | DBT              | CORP              | LU        |    250000 | PA      | $289392.65    | 0.18%             | 2030-04-02      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| ARCOS DORADOS BV               | Arcos Dorados BV                                                                 | CUSIP: YS9376346<br>LEI: 549300T91OYP6I7P8G39 | Long             | DBT              | CORP              | NL        |    800000 | PA      | $820480.00    | 0.52%             | 2032-01-29      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Aqueduct European CLO          | Aqueduct European CLO 10 DAC                                                     | CUSIP: BCC3JS9Z6<br>LEI: 635400SCIIZBJOEMZP09 | Long             | ABS-CBDO         | CORP              | IE        |   1000000 | PA      | $1156209.26   | 0.74%             | 2039-01-18      | Floating      | 3.31%                 | No            |                  2 | On Loan: No      |
| ABBOTT LABORATORIES            | Abbott Laboratories                                                              | CUSIP: 002824BW9<br>LEI: HQD377W2YR662HK5JX27 | Long             | DBT              | CORP              | US        |    550000 | PA      | $539867.21    | 0.34%             | 2056-03-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| EQT CORP                       | EQT Corp                                                                         | CUSIP: 26884LBD0<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | DBT              | CORP              | US        |    322000 | PA      | $320430.63    | 0.20%             | 2031-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| PARK INTERMED HOLDINGS         | Park Intermediate Holdings LLC / PK Domestic Property LLC / PK Finance Co-Issuer | CUSIP: 70052LAC7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $480244.00    | 0.31%             | 2029-05-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| PARK RIVER HOLDINGS INC        | Park River Holdings Inc                                                          | CUSIP: 70082LAC1<br>LEI: 254900PGY077KWCROT75 | Long             | DBT              | CORP              | US        |    175000 | PA      | $174252.73    | 0.11%             | 2031-03-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| PENNYMAC FIN SVCS INC          | PennyMac Financial Services Inc                                                  | CUSIP: 70932MAD9<br>LEI: 549300W1D516HBDEU871 | Long             | DBT              | CORP              | US        |    150000 | PA      | $153465.00    | 0.10%             | 2029-12-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| ABJA INVESTMENT CO             | ABJA Investment Co Pte Ltd                                                       | CUSIP: AQ8490791<br>LEI: 254900E6OE5YJ9WCCU19 | Long             | DBT              | CORP              | SG        |    612000 | PA      | $616042.41    | 0.39%             | 2028-01-24      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| ABERTIS FINANCE BV             | Abertis Infraestructuras Finance BV                                              | CUSIP: YT3449469<br>LEI: 5493007WHKI5H75YJ358 | Long             | DBT              | CORP              | NL        |    200000 | PA      | $232043.78    | 0.15%             | 2029-11-28      | Variable      | 4.87%                 | No            |                  2 | On Loan: No      |
| LGENERGYSOLUTION               | LG Energy Solution Ltd                                                           | CUSIP: YQ2512479<br>LEI: 988400QX6P286XA6ZS85 | Long             | DBT              | CORP              | KR        |    200000 | PA      | $200217.16    | 0.13%             | 2035-04-02      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| AMGEN INC                      | Amgen Inc                                                                        | CUSIP: 031162DY3<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |    500000 | PA      | $485404.80    | 0.31%             | 2056-02-19      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| AMPHENOL CORP                  | Amphenol Corp                                                                    | CUSIP: 032095AL5<br>LEI: 549300D3L3G0R4U4VT04 | Long             | DBT              | CORP              | US        |    425000 | PA      | $377090.01    | 0.24%             | 2031-09-15      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| AMPHENOL CORP                  | Amphenol Corp                                                                    | CUSIP: 032095AZ4<br>LEI: 549300D3L3G0R4U4VT04 | Long             | DBT              | CORP              | US        |    200000 | PA      | $195307.39    | 0.12%             | 2033-02-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| AMSTED INDUSTRIES              | Amsted Industries Inc                                                            | CUSIP: 032177AK3<br>LEI: N2VLGYMEEBIU3PFSUY86 | Long             | DBT              | CORP              | US        |    250000 | PA      | $251419.25    | 0.16%             | 2033-03-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| EQT CORP                       | EQT Corp                                                                         | CUSIP: 26884LAX7<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | DBT              | CORP              | US        |     67000 | PA      | $66813.22     | 0.04%             | 2029-01-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ENTERPRISE PRODUCTS OPER       | Enterprise Products Operating LLC                                                | CUSIP: 29379VCG6<br>LEI: 5493004LGN656HWLDA30 | Long             | DBT              | CORP              | US        |    225000 | PA      | $224521.78    | 0.14%             | 2035-02-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| MARRIOTT INTERNATIONAL         | Marriott International Inc/MD                                                    | CUSIP: 571903BY8<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | DBT              | CORP              | US        |    300000 | PA      | $290065.43    | 0.18%             | 2033-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| PVH CORP                       | PVH Corp                                                                         | CUSIP: 693656AE0<br>LEI: 123WALMHY1GZXG2YDL90 | Long             | DBT              | CORP              | US        |    200000 | PA      | $201584.13    | 0.13%             | 2030-06-13      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PENNYMAC FIN SVCS INC          | PennyMac Financial Services Inc                                                  | CUSIP: 70932MAE7<br>LEI: 549300W1D516HBDEU871 | Long             | DBT              | CORP              | US        |    550000 | PA      | $546541.05    | 0.35%             | 2030-11-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| PENNYMAC FIN SVCS INC          | PennyMac Financial Services Inc                                                  | CUSIP: 70932MAF4<br>LEI: 549300W1D516HBDEU871 | Long             | DBT              | CORP              | US        |    400000 | PA      | $382722.32    | 0.24%             | 2033-02-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| PENSKE TRUCK LEASING/PTL       | Penske Truck Leasing Co Lp / PTL Finance Corp                                    | CUSIP: 709599CC6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    225000 | PA      | $222757.20    | 0.14%             | 2031-01-15      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| PERRIGO FINANCE UNLIMITE       | Perrigo Finance Unlimited Co                                                     | CUSIP: 71429MAD7<br>LEI: 549300E86RB6YCTMRM83 | Long             | DBT              | CORP              | IE        |    575000 | PA      | $518571.17    | 0.33%             | 2032-09-30      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| PETROBRAS GLOBAL FINANCE       | Petrobras Global Finance BV                                                      | CUSIP: 71645WAS0<br>LEI: 549300FNENFFSMO3GT38 | Long             | DBT              | CORP              | NL        |    400000 | PA      | $389583.48    | 0.25%             | 2041-01-27      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| PHINIA INC                     | Phinia Inc                                                                       | CUSIP: 71880KAA9<br>LEI: 254900HG6MORZE1FFM18 | Long             | DBT              | CORP              | US        |    650000 | PA      | $662525.50    | 0.42%             | 2029-04-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| PHINIA INC                     | Phinia Inc                                                                       | CUSIP: 71880KAB7<br>LEI: 254900HG6MORZE1FFM18 | Long             | DBT              | CORP              | US        |    400000 | PA      | $407082.80    | 0.26%             | 2032-10-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| PHOENIX AVIATION CAPITAL       | Phoenix Aviation Capital Ltd                                                     | CUSIP: 71910DAA9<br>LEI: 8945008YQAKXZQ3VYJ15 | Long             | DBT              | CORP              | IE        |    600000 | PA      | $604117.80    | 0.38%             | 2030-07-15      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| POLARIS INC                    | Polaris Inc                                                                      | CUSIP: 731068AB8<br>LEI: 549300QJSN8UVWN1EI78 | Long             | DBT              | CORP              | US        |    275000 | PA      | $272721.41    | 0.17%             | 2031-03-01      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| QNITY ELECTRONICS INC          | Qnity Electronics Inc                                                            | CUSIP: 74743LAA8<br>LEI: 254900RSUG4J9TFFZX53 | Long             | DBT              | CORP              | US        |    325000 | PA      | $325590.53    | 0.21%             | 2032-08-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| QNITY ELECTRONICS INC          | Qnity Electronics Inc                                                            | CUSIP: 74743LAB6<br>LEI: 254900RSUG4J9TFFZX53 | Long             | DBT              | CORP              | US        |    150000 | PA      | $151732.95    | 0.10%             | 2033-08-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| QUIKRETE HOLDINGS INC          | Quikrete Holdings Inc                                                            | CUSIP: 74843PAA8<br>LEI: 5493007KIN86DIZWZT22 | Long             | DBT              | CORP              | US        |    175000 | PA      | $177495.33    | 0.11%             | 2032-03-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| QUIKRETE HOLDINGS INC          | Quikrete Holdings Inc                                                            | CUSIP: 74843PAB6<br>LEI: 5493007KIN86DIZWZT22 | Long             | DBT              | CORP              | US        |    325000 | PA      | $330292.84    | 0.21%             | 2033-03-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| PFIZER INC                     | Pfizer Inc                                                                       | CUSIP: AQ4399426<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | DBT              | CORP              | US        |    575000 | PA      | $486640.66    | 0.31%             | 2043-06-15      | Fixed         | 2.73%                 | No            |                  2 | On Loan: No      |
| PKO BANK POLSKI SA             | Powszechna Kasa Oszczednosci Bank Polski SA                                      | CUSIP: ZD8251401<br>LEI: P4GTT6GF1W40CVIMFR43 | Long             | DBT              | CORP              | PL        |    550000 | PA      | $641309.55    | 0.41%             | 2028-03-27      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| PRYSMIAN SPA                   | Prysmian SpA                                                                     | CUSIP: YT3439700<br>LEI: 529900X0H1IO3RS1A464 | Long             | DBT              | CORP              | IT        |    290000 | PA      | $335537.24    | 0.21%             | 2028-11-28      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| PINEWOOD FINCO PLC             | Pinewood Finco PLC                                                               | CUSIP: ZD6875615<br>LEI: 984500EF3F7CA63ND769 | Long             | DBT              | CORP              | GB        |    300000 | PA      | $388382.32    | 0.25%             | 2030-03-27      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| PERMANENT TSB GROUP            | Permanent TSB Group Holdings PLC                                                 | CUSIP: YK1443398<br>LEI: 635400DTNHVYGZODKQ93 | Long             | DBT              | CORP              | IE        |    200000 | PA      | $224969.25    | 0.14%             | 2035-12-22      | Variable      | 3.88%                 | No            |                  2 | On Loan: No      |
| PUBLIC PROPERTY INVEST A       | Public Property Invest AS                                                        | CUSIP: YN5042737<br>LEI: 254900QSCB9T0W2KE886 | Long             | DBT              | CORP              | NO        |    425000 | PA      | $483034.68    | 0.31%             | 2032-10-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| MARKET BIDCO FINCO PLC         | Market Bidco Finco PLC                                                           | CUSIP: YM0898580<br>LEI: 549300UGYX6EBVHRVG53 | Long             | DBT              | CORP              | GB        |    475000 | PA      | $529459.83    | 0.34%             | 2031-01-31      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| AMERICAN TOWER CORP            | American Tower Corp                                                              | CUSIP: 03027XCR9<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              | CORP              | US        |    350000 | PA      | $343917.29    | 0.22%             | 2032-12-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| GFL ENVIRONMENTAL INC          | GFL Environmental Inc                                                            | CUSIP: 36168QAM6<br>LEI: 894500E7NLBY9VZRT696 | Long             | DBT              | CORP              | CA        |    500000 | PA      | $486166.62    | 0.31%             | 2028-09-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| HALEON US CAPITAL LLC          | Haleon US Capital LLC                                                            | CUSIP: 36264FAM3<br>LEI: 549300N8C3A3L0UVQB07 | Long             | DBT              | CORP              | US        |    250000 | PA      | $234985.02    | 0.15%             | 2032-03-24      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| GERDAU TRADE INC               | Gerdau Trade Inc                                                                 | CUSIP: 37373WAE0<br>LEI: 5493008RWEW71JB0LO29 | Long             | DBT              | CORP              | VG        |    800000 | PA      | $813704.00    | 0.52%             | 2035-06-09      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC        | Goldman Sachs Group Inc/The                                                      | CUSIP: 38141GYJ7<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    825000 | PA      | $728569.44    | 0.46%             | 2032-07-21      | Variable      | 2.38%                 | No            |                  2 | On Loan: No      |
| GRAHAM HOLDINGS CO             | Graham Holdings Co                                                               | CUSIP: 384637AC8<br>LEI: 529900BOSCEEEMAFQJ29 | Long             | DBT              | CORP              | US        |    475000 | PA      | $465111.50    | 0.30%             | 2033-12-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| GRAPHIC PACKAGING INTERN       | Graphic Packaging International LLC                                              | CUSIP: 38869AAE7<br>LEI: SO75N4VY5NXGQSK8YQ65 | Long             | DBT              | CORP              | US        |    425000 | PA      | $422890.60    | 0.27%             | 2032-07-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| HCA INC                        | HCA Inc                                                                          | CUSIP: 404119CA5<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    400000 | PA      | $380042.44    | 0.24%             | 2030-09-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| HAWAIIAN ELEC CO               | Hawaiian Electric Co Inc                                                         | CUSIP: 419866AV0<br>LEI: 549300PQE8D806LWQV52 | Long             | DBT              | CORP              | US        |    125000 | PA      | $124861.18    | 0.08%             | 2033-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| HERC HOLDINGS INC              | Herc Holdings Inc                                                                | CUSIP: 42704LAF1<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |    100000 | PA      | $102602.52    | 0.07%             | 2030-06-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| HESS MIDSTREAM OPERATION       | Hess Midstream Operations LP                                                     | CUSIP: 428102AH0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    300000 | PA      | $302040.30    | 0.19%             | 2028-03-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                    | Oracle Corp                                                                      | CUSIP: 68389XCY9<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    325000 | PA      | $325170.88    | 0.21%             | 2028-08-03      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| GLAXOSMITHKLINE CAPITAL        | GlaxoSmithKline Capital PLC                                                      | CUSIP: EJ4794941<br>LEI: 549300U0LV41VX7LEP38 | Long             | DBT              | CORP              | GB        |    275000 | PA      | $287532.09    | 0.18%             | 2045-12-18      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| HEATHROW FINANCE PLC           | Heathrow Finance PLC                                                             | CUSIP: AN7380107<br>LEI: 549300F740QSGMPHQJ60 | Long             | DBT              | CORP              | GB        |    550000 | PA      | $715108.18    | 0.46%             | 2027-03-01      | Variable      | 3.88%                 | No            |                  2 | On Loan: No      |
| GOLD FIELDS OROGEN HOLD        | Gold Fields Orogen Holdings BVI Ltd                                              | CUSIP: ZS5391108<br>LEI: 213800CLGJ2E9KGU2F20 | Long             | DBT              | CORP              | VG        |    985000 | PA      | $1004689.95   | 0.64%             | 2029-05-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| GRIFOLS SA                     | Grifols SA                                                                       | CUSIP: YT9448788<br>LEI: 959800HSSNXWRKBK4N60 | Long             | DBT              | CORP              | ES        |    550000 | PA      | $658960.15    | 0.42%             | 2030-05-01      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| HEIMSTADEN BOSTAD TRESRY       | Heimstaden Bostad Treasury BV                                                    | CUSIP: BR8196791<br>LEI: 549300ORG6UYMJBCV938 | Long             | DBT              | CORP              | NL        |    440000 | PA      | $482594.86    | 0.31%             | 2028-04-13      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| HLD EUROPE                     | HLD Europe SCA                                                                   | CUSIP: DG9176307<br>LEI: 222100KJO80ONXIK8X08 | Long             | DBT              | CORP              | LU        |    100000 | PA      | $114386.62    | 0.07%             | 2032-03-24      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| CHENIERE ENERGY PARTNERS       | Cheniere Energy Partners LP                                                      | CUSIP: 16411QAQ4<br>LEI: 5493005UEC8AZ34LDV29 | Long             | DBT              | CORP              | US        |    325000 | PA      | $340971.29    | 0.22%             | 2033-06-30      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                  | Citigroup Inc                                                                    | CUSIP: 172967QF1<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    375000 | PA      | $370859.20    | 0.24%             | 2031-09-11      | Variable      | 4.50%                 | 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              | US        |    150000 | PA      | $153338.25    | 0.10%             | 2030-02-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| HANWHA LIFE INSURANCE          | Hanwha Life Insurance Co Ltd                                                     | CUSIP: YN2364068<br>LEI: 988400ZKCI3R9DQHR320 | Long             | DBT              | CORP              | KR        |    395000 | PA      | $404341.75    | 0.26%             | 2055-06-24      | Variable      | 6.30%                 | No            |                  2 | On Loan: No      |
| CLEAR CHANNEL OUTDOOR HO       | Clear Channel Outdoor Holdings Inc                                               | CUSIP: 18453HAG1<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |    225000 | PA      | $235815.53    | 0.15%             | 2031-02-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| CLEARWAY ENERGY OP LLC         | Clearway Energy Operating LLC                                                    | CUSIP: 18539UAG0<br>LEI: 549300Z3NFMM54NWBB87 | Long             | DBT              | CORP              | US        |     75000 | PA      | $73721.29     | 0.05%             | 2034-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| GE HEALTHCARE TECH INC         | GE HealthCare Technologies Inc                                                   | CUSIP: 36266GAC1<br>LEI: 549300OI9J7XOWZMUN85 | Long             | DBT              | CORP              | US        |    450000 | PA      | $459560.85    | 0.29%             | 2035-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| GE VERNOVA INC                 | GE Vernova Inc                                                                   | CUSIP: 36828AAB7<br>LEI: 254900DP080RU6OK2553 | Long             | DBT              | CORP              | US        |    275000 | PA      | $272823.51    | 0.17%             | 2036-02-04      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO         | General Motors Financial Co Inc                                                  | CUSIP: 37045XFG6<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |    175000 | PA      | $179046.27    | 0.11%             | 2032-04-04      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| MARS INC                       | Mars Inc                                                                         | CUSIP: 571676AY1<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |    600000 | PA      | $606479.40    | 0.39%             | 2030-03-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| MASTEC INC                     | MasTec Inc                                                                       | CUSIP: 576323AP4<br>LEI: 549300TMDIT8WREDOF45 | Long             | DBT              | CORP              | US        |    190000 | PA      | $187900.82    | 0.12%             | 2028-08-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| MCDONALD'S CORP                | McDonald's Corp                                                                  | CUSIP: 58013MGA6<br>LEI: UE2136O97NLB5BYP9H04 | Long             | DBT              | CORP              | US        |    200000 | PA      | $199133.41    | 0.13%             | 2035-03-03      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| MICHAELS COS INC/THE           | Michaels Cos Inc/The                                                             | CUSIP: 59408QAB2<br>LEI: 549300H9LWMBP7HYLR98 | Long             | DBT              | CORP              | US        |    450000 | PA      | $438554.53    | 0.28%             | 2033-03-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| MICRON TECHNOLOGY INC          | Micron Technology Inc                                                            | CUSIP: 595112CG6<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | DBT              | CORP              | US        |    725000 | PA      | $765697.79    | 0.49%             | 2032-11-01      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| MICRON TECHNOLOGY INC          | Micron Technology Inc                                                            | CUSIP: 595112CH4<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | DBT              | CORP              | US        |    200000 | PA      | $215976.70    | 0.14%             | 2035-11-01      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                 | Morgan Stanley                                                                   | CUSIP: 61747YFK6<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    300000 | PA      | $304245.00    | 0.19%             | 2030-01-16      | Variable      | 5.17%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                 | Morgan Stanley                                                                   | CUSIP: 61747YFL4<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    450000 | PA      | $457684.13    | 0.29%             | 2035-01-18      | Variable      | 5.47%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                 | Morgan Stanley                                                                   | CUSIP: 61748UAS1<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    300000 | PA      | $295183.66    | 0.19%             | 2032-01-16      | Variable      | 4.49%                 | No            |                  2 | On Loan: No      |
| 180 MEDICAL INC                | 180 Medical Inc                                                                  | CUSIP: 682357AB4<br>LEI: 254900ZB648OPWVFVX59 | Long             | DBT              | CORP              | US        |    300000 | PA      | $293136.69    | 0.19%             | 2035-10-08      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                    | Oracle Corp                                                                      | CUSIP: 68389XDR3<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    425000 | PA      | $358451.87    | 0.23%             | 2055-09-26      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                    | Oracle Corp                                                                      | CUSIP: 68389XDY8<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    525000 | PA      | $511390.10    | 0.33%             | 2033-05-04      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| RHP HOTEL PPTY/RHP FINAN       | RHP Hotel Properties LP / RHP Finance Corp                                       | CUSIP: 749571AK1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $203775.82    | 0.13%             | 2032-04-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| RHP HOTEL PPTY/RHP FINAN       | RHP Hotel Properties LP / RHP Finance Corp                                       | CUSIP: 74984CAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     75000 | PA      | $74073.76     | 0.05%             | 2034-03-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| RIVERS ENT BORROWER LLC        | Rivers Enterprise Borrower LLC                                                   | CUSIP: 76884GAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    100000 | PA      | $99788.65     | 0.06%             | 2030-10-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| ROBLOX CORP                    | ROBLOX Corp                                                                      | CUSIP: 771049AA1<br>LEI: 529900ANZDBDFU91SO19 | Long             | DBT              | CORP              | US        |    225000 | PA      | $211504.79    | 0.13%             | 2030-05-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| ROCKET COS INC                 | Rocket Cos Inc                                                                   | CUSIP: 77311WAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    300000 | PA      | $303546.60    | 0.19%             | 2033-08-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| ROCKET SOFTWARE INC            | Rocket Software Inc                                                              | CUSIP: 77314EAB4<br>LEI: 549300PVG26ISP5X1556 | Long             | DBT              | CORP              | US        |    450000 | PA      | $447905.16    | 0.29%             | 2028-11-28      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| ROCKIES EXPRESS PIPELINE       | Rockies Express Pipeline LLC                                                     | CUSIP: 77340RAU1<br>LEI: W2ZGZGZKY5GGNY6F3V51 | Long             | DBT              | CORP              | US        |    100000 | PA      | $102965.80    | 0.07%             | 2033-03-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ROGERS COMMUNICATIONS IN       | Rogers Communications Inc                                                        | CUSIP: 775109DL2<br>LEI: 5493000M6Z4XFIP6PF03 | Long             | DBT              | CORP              | CA        |    515000 | PA      | $517110.25    | 0.33%             | 2056-07-31      | Variable      | 6.88%                 | No            |                  2 | On Loan: No      |
| ROPER TECHNOLOGIES INC         | Roper Technologies Inc                                                           | CUSIP: 776743AL0<br>LEI: 54930003T4SXCIWVXY35 | Long             | DBT              | CORP              | US        |    315000 | PA      | $272101.28    | 0.17%             | 2031-02-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| SERVICE PROPERTIES TRUST       | Service Properties Trust                                                         | CUSIP: 81761LAB8<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              | CORP              | US        |    500000 | PA      | $501456.50    | 0.32%             | 2027-12-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SUNOCO LP                      | Sunoco LP                                                                        | CUSIP: 86765KAF6<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |    400000 | PA      | $398426.18    | 0.25%             | 2031-03-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| SUNOCO LP                      | Sunoco LP                                                                        | CUSIP: 86765KAG4<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |    275000 | PA      | $272087.17    | 0.17%             | 2034-03-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| SUZANO AUSTRIA GMBH            | Suzano Austria GmbH                                                              | CUSIP: 86964WAJ1<br>LEI: 254900287ZNSGVP1R341 | Long             | DBT              | CORP              | AT        |    900000 | PA      | $837966.60    | 0.53%             | 2031-01-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| TALLGRASS NRG PRTNR/FIN        | Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp                     | CUSIP: 87470LAD3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    250000 | PA      | $248044.73    | 0.16%             | 2028-01-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| TALLGRASS NRG PRTNR/FIN        | Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp                     | CUSIP: 87470LAJ0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    325000 | PA      | $323465.64    | 0.21%             | 2030-12-31      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| TARGA RESOURCES CORP           | Targa Resources Corp                                                             | CUSIP: 87612GAF8<br>LEI: 5493003QENHHS261UR94 | Long             | DBT              | CORP              | US        |    205000 | PA      | $221758.31    | 0.14%             | 2034-03-30      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| TEAM SERVICES HLDG INC         | TEAM Services Holding Inc                                                        | CUSIP: 87821TAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    250000 | PA      | $245057.42    | 0.16%             | 2033-02-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| TEREX CORP                     | Terex Corp                                                                       | CUSIP: 880779BB8<br>LEI: YAWJZJYEQ7M1SYMOS462 | Long             | DBT              | CORP              | US        |    350000 | PA      | $351587.25    | 0.22%             | 2032-10-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| PARAMOUNT GLOBAL               | Paramount Global                                                                 | CUSIP: 92556HAB3<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | DBT              | CORP              | US        |    340000 | PA      | $315155.95    | 0.20%             | 2031-01-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| ZF NA CAPITAL                  | ZF North America Capital Inc                                                     | CUSIP: 98877DAH8<br>LEI: 529900JYGMS9CW9IQX78 | Long             | DBT              | CORP              | US        |    400000 | PA      | $392720.52    | 0.25%             | 2031-03-24      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| MDGH GMTN RSC LTD              | MDGH GMTN RSC Ltd                                                                | CUSIP: ZQ3609372<br>LEI: 213800WRY6FRL9IXLT77 | Long             | DBT              | CORP              | AE        |    880000 | PA      | $824651.45    | 0.52%             | 2029-11-07      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| ZURICH FINANCE IRELAND         | Zurich Finance Ireland Designated Activity Co                                    | CUSIP: BY4737247<br>LEI: 549300E0FVHYR37EGX65 | Long             | DBT              | CORP              | IE        |    300000 | PA      | $382519.23    | 0.24%             | 2052-11-23      | Variable      | 5.12%                 | No            |                  2 | On Loan: No      |
| TELEPERFORMANCE                | Teleperformance SE                                                               | CUSIP: ZG1108833<br>LEI: 9695004GI61FHFFNRG61 | Long             | DBT              | CORP              | FR        |    300000 | PA      | $363438.06    | 0.23%             | 2031-11-22      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| REWE INT FINANCE               | REWE International Finance BV                                                    | CUSIP: ZI7086278<br>LEI: 5299003XLG8J4YTHLX44 | Long             | DBT              | CORP              | NL        |    500000 | PA      | $603686.57    | 0.38%             | 2030-09-13      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| MOTABILITY OPERATIONS GR       | Motability Operations Group PLC                                                  | CUSIP: ZF3240057<br>LEI: AZ3NL8JCZDCNUXFWI720 | Long             | DBT              | CORP              | GB        |    510000 | PA      | $579789.29    | 0.37%             | 2034-01-24      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| AAREAL BANK AG                 | Aareal Bank AG                                                                   | CUSIP: YV5897827<br>LEI: EZKODONU5TYHW4PP1R34 | Long             | DBT              | CORP              | DE        |    400000 | PA      | $471542.84    | 0.30%             | 2034-12-12      | Variable      | 5.62%                 | No            |                  2 | On Loan: No      |
| AA BOND CO LTD                 | AA Bond Co Ltd                                                                   | CUSIP: BX4547523<br>LEI: 2138002EPF6QVRZBMC58 | Long             | DBT              | CORP              | JE        |    350000 | PA      | $481894.01    | 0.31%             | 2029-07-31      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| GENERALI                       | Generali                                                                         | CUSIP: BX5113549<br>LEI: 549300X5UKJVE386ZB61 | Long             | DBT              | CORP              | IT        |    300000 | PA      | $376131.03    | 0.24%             | 2032-07-06      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| ROTHESAY LIFE                  | Rothesay Life PLC                                                                | CUSIP: YX4981818<br>LEI: MFQO711J5UPYBWXSPG12 | Long             | DBT              | CORP              | GB        |    310000 | PA      | $421768.02    | 0.27%             | 2034-12-10      | Fixed         | 7.02%                 | No            |                  2 | On Loan: No      |
| P3 GROUP SARL                  | P3 Group Sarl                                                                    | CUSIP: ZF8261835<br>LEI: 529900GR62MT0O5VW110 | Long             | DBT              | CORP              | LU        |    250000 | PA      | $295440.15    | 0.19%             | 2030-02-13      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| TDC NET AS                     | TDC Net A/S                                                                      | CUSIP: ZB6259624<br>LEI: 549300SH2G3R15Y3FX20 | Long             | DBT              | CORP              | DK        |    250000 | PA      | $300712.07    | 0.19%             | 2029-08-02      | Fixed         | 5.19%                 | No            |                  2 | On Loan: No      |
| TDF INFRASTRUCTURE SAS         | TDF Infrastructure SAS                                                           | CUSIP: YU4958390<br>LEI: 969500BWNQ1B0PI06I59 | Long             | DBT              | CORP              | FR        |    400000 | PA      | $460810.99    | 0.29%             | 2031-10-23      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| TDF INFRASTRUCTURE SAS         | TDF Infrastructure SAS                                                           | CUSIP: YM0828405<br>LEI: 969500BWNQ1B0PI06I59 | Long             | DBT              | CORP              | FR        |    400000 | PA      | $454434.81    | 0.29%             | 2030-12-16      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| N/A                            | CHF/USD FWD 20260616                                                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $16182.20     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | EUR/USD FWD 20260616                                                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $358130.94    | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| CHILE ELECTRICITY LUX          | Chile Electricity Lux Mpc II Sarl                                                | CUSIP: YU3605620<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |    488752 | PA      | $491575.25    | 0.31%             | 2035-10-20      | Fixed         | 5.58%                 | No            |                  2 | On Loan: No      |
| N/A                            | CDX.NA.HY.45 12/20/2030 (SELL PROTECTION)                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |         1 | NC      | $83265.45     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| OTP BANK NYRT                  | OTP Bank Nyrt                                                                    | CUSIP: ZM8879722<br>LEI: 529900W3MOO00A18X956 | Long             | DBT              | CORP              | HU        |    500000 | PA      | $521493.43    | 0.33%             | 2033-05-15      | Variable      | 8.75%                 | No            |                  2 | On Loan: No      |
| ESSENTIAL UTILITIES INC        | Essential Utilities Inc                                                          | CUSIP: 29670GAL6<br>LEI: 549300ILTEOF3E3QY357 | Long             | DBT              | CORP              | US        |    200000 | PA      | $197397.51    | 0.13%             | 2036-03-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| First American Treasury Obliga | First American Treasury Obligations Fund                                         | CUSIP: 31846V328<br>LEI: 549300UU586IAH2B8H03 | Long             | STIV             | RF                | US        |   4555710 | NS      | $4555709.64   | 2.90%             |  |  |  | No            |                  1 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC       | Ford Motor Credit Co LLC                                                         | CUSIP: 345397G72<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    300000 | PA      | $303917.93    | 0.19%             | 2028-03-20      | Fixed         | 5.92%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC       | Ford Motor Credit Co LLC                                                         | CUSIP: 345397H48<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    200000 | PA      | $199893.83    | 0.13%             | 2030-09-05      | Fixed         | 5.73%                 | No            |                  2 | On Loan: No      |
| FTAI AVIATION INVESTORS        | FTAI Aviation Investors LLC                                                      | CUSIP: 34960PAG6<br>LEI: 529900E7PUVK6BC8PE80 | Long             | DBT              | CORP              | US        |    775000 | PA      | $794975.63    | 0.51%             | 2032-06-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| FOUNDRY JV HOLDCO LLC          | Foundry JV Holdco LLC                                                            | CUSIP: 350930AC7<br>LEI: 21380048QROAMGM6EP30 | Long             | DBT              | CORP              | US        |    525000 | PA      | $548487.98    | 0.35%             | 2032-01-25      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| FOUNDRY JV HOLDCO LLC          | Foundry JV Holdco LLC                                                            | CUSIP: 350930AF0<br>LEI: 21380048QROAMGM6EP30 | Long             | DBT              | CORP              | US        |    250000 | PA      | $255445.56    | 0.16%             | 2031-01-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FRONTIER COMMUNICATIONS        | Frontier Communications Holdings LLC                                             | CUSIP: 35908MAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    400000 | PA      | $402640.00    | 0.26%             | 2030-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| GCI LLC                        | GCI LLC                                                                          | CUSIP: 36166TAB6<br>LEI: 549300N3IE9H88Q20221 | Long             | DBT              | CORP              | US        |    475000 | PA      | $457423.35    | 0.29%             | 2028-10-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| GARDA WORLD SECURITY           | Garda World Security Corp                                                        | CUSIP: 36485MAQ2<br>LEI: 549300ZF1NDXLMCHNO20 | Long             | DBT              | CORP              | CA        |    100000 | PA      | $101425.40    | 0.06%             | 2031-01-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| REGAL REXNORD CORP             | Regal Rexnord Corp                                                               | CUSIP: 758750AM5<br>LEI: QH78R09VCJGQKPBPYU33 | Long             | DBT              | CORP              | US        |    325000 | PA      | $333503.48    | 0.21%             | 2028-04-15      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| RENTOKIL TERMINIX LLC          | Rentokil Terminix Funding LLC                                                    | CUSIP: 760130AA2<br>LEI: 984500D5BAA7560EKJ44 | Long             | DBT              | CORP              | US        |    575000 | PA      | $577446.96    | 0.37%             | 2030-04-28      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ERSTE GROUP BANK AG            | Erste Group Bank AG                                                              | CUSIP: ZP5884942<br>LEI: PQOH26KWDF7CG10L6792 | Long             | DBT              | CORP              | AT        |    600000 | PA      | $684410.98    | 0.44%             | 2027-04-15      | Variable      | 3.38%                 | No            |                  2 | On Loan: No      |
| RADIOTELEVISIONE ITALIAN       | RAI-Radiotelevisione Italiana SpA                                                | CUSIP: YW1072472<br>LEI: 815600C62B51478A5144 | Long             | DBT              | CORP              | IT        |    200000 | PA      | $237112.46    | 0.15%             | 2029-07-10      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| EUROBANK SA                    | Eurobank SA                                                                      | CUSIP: YV8404118<br>LEI: 213800KGF4EFNUQKAT69 | Long             | DBT              | CORP              | GR        |    200000 | PA      | $231725.88    | 0.15%             | 2030-09-24      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| GALAXY PIPELINE ASSETS         | Galaxy Pipeline Assets Bidco Ltd                                                 | CUSIP: BM1514728<br>LEI: 549300L82YB0C6JQIC26 | Long             | DBT              | CORP              | JE        |   1400000 | PA      | $1191664.42   | 0.76%             | 2036-03-31      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| ERSTE GROUP BANK AG            | Erste Group Bank AG                                                              | CUSIP: ZI7512448<br>LEI: PQOH26KWDF7CG10L6792 | Long             | DBT              | CORP              | AT        |    400000 | PA      | $499686.19    | 0.32%             | 2028-10-15      | Variable      | 8.50%                 | No            |                  2 | On Loan: No      |
| EUROFINS SCIENTIFIC SE         | Eurofins Scientific SE                                                           | CUSIP: YM7692317<br>LEI: 529900JEHFM47DYY3S57 | Long             | DBT              | CORP              | LU        |    350000 | PA      | $396684.92    | 0.25%             | 2033-02-05      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| ESIC SUKUK LTD                 | Esic Sukuk Ltd                                                                   | CUSIP: ZF7053837<br>LEI: 549300TSWFEC4DLPPH77 | Long             | DBT              | CORP              | KY        |    810000 | PA      | $810094.28    | 0.52%             | 2029-02-14      | Fixed         | 5.83%                 | No            |                  2 | On Loan: No      |
| FIRST ABU DHABI BANK PJS       | First Abu Dhabi Bank PJSC                                                        | CUSIP: ZH0992771<br>LEI: 2138002Y3WMK6RZS8H90 | Long             | DBT              | CORP              | AE        |    750000 | PA      | $759477.00    | 0.48%             | 2034-04-04      | Variable      | 6.32%                 | No            |                  2 | On Loan: No      |
| FASTIGHETS AB BALDER           | Fastighets AB Balder                                                             | CUSIP: YL6406422<br>LEI: 549300GHKJCEZOAEUU82 | Long             | DBT              | CORP              | SE        |    350000 | PA      | $383806.78    | 0.24%             | 2033-03-04      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC       | Ford Motor Credit Co LLC                                                         | CUSIP: 345397H63<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    400000 | PA      | $453956.39    | 0.29%             | 2029-09-16      | Fixed         | 3.78%                 | No            |                  2 | On Loan: No      |
| REN FINANCE BV                 | Ren Finance BV                                                                   | CUSIP: YI9371133<br>LEI: 54930019D5P01WQQZF17 | Long             | DBT              | CORP              | NL        |    325000 | PA      | $365905.92    | 0.23%             | 2034-02-18      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| ACRISURE LLC / FIN INC         | Acrisure LLC / Acrisure Finance Inc                                              | CUSIP: 00489LAH6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $466828.16    | 0.30%             | 2029-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ACUSHNET CO                    | Acushnet Co                                                                      | CUSIP: 005095AB0<br>LEI: 549300H805O14KEFES79 | Long             | DBT              | CORP              | US        |    175000 | PA      | $174086.97    | 0.11%             | 2033-12-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| ADIENT GLOBAL HOLDINGS         | Adient Global Holdings Ltd                                                       | CUSIP: 00687YAD7<br>LEI: 213800VA38VCKE6M8790 | Long             | DBT              | CORP              | JE        |    275000 | PA      | $278186.43    | 0.18%             | 2033-02-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| ADVANCE AUTO PARTS             | Advance Auto Parts Inc                                                           | CUSIP: 00751YAK2<br>LEI: 529900UCNQ5H9FSL0Y70 | Long             | DBT              | CORP              | US        |    375000 | PA      | $378666.38    | 0.24%             | 2030-08-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| AERCAP IRELAND CAP/GLOBA       | AerCap Ireland Capital DAC / AerCap Global Aviation Trust                        | CUSIP: 00774MBE4<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |    225000 | PA      | $236673.21    | 0.15%             | 2030-09-30      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| AERCAP IRELAND CAP/GLOBA       | AerCap Ireland Capital DAC / AerCap Global Aviation Trust                        | CUSIP: 00774MBQ7<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |    400000 | PA      | $400694.00    | 0.26%             | 2056-01-31      | Variable      | 6.50%                 | No            |                  2 | On Loan: No      |
| AIRBNB INC                     | Airbnb Inc                                                                       | CUSIP: 009066AD3<br>LEI: 549300HMUDNO0RY56D37 | Long             | DBT              | CORP              | US        |    375000 | PA      | $374403.00    | 0.24%             | 2031-03-16      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| ALBERTSONS COS/SAFEWAY         | Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC            | CUSIP: 01309QAD0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    300000 | PA      | $293902.48    | 0.19%             | 2034-03-31      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| ALLIANT HOLD / CO-ISSUER       | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer                   | CUSIP: 01883LAF0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    400000 | PA      | $401995.60    | 0.26%             | 2031-01-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| ALLIED UNIVERSAL HOLDCO        | Allied Universal Holdco LLC                                                      | CUSIP: 019576AD9<br>LEI: 98450038B4549046D794 | Long             | DBT              | CORP              | US        |    400000 | PA      | $412664.00    | 0.26%             | 2031-02-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| AIR FRANCE-KLM                 | Air France-KLM                                                                   | CUSIP: DC8471112<br>LEI: 969500AQW31GYO8JZD66 | Long             | DBT              | CORP              | FR        |    500000 | PA      | $552509.29    | 0.35%             | 2031-01-14      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| AKER BP ASA                    | Aker BP ASA                                                                      | CUSIP: YX2460336<br>LEI: 549300NFTY73920OYK69 | Long             | DBT              | CORP              | NO        |    730000 | PA      | $838792.80    | 0.53%             | 2032-05-29      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| AL SYDBANK                     | AL Sydbank                                                                       | CUSIP: YR7954617<br>LEI: GP5DT10VX1QRQUKVBK64 | Long             | DBT              | CORP              | DK        |    400000 | PA      | $462211.66    | 0.29%             | 2030-03-05      | Variable      | 3.62%                 | No            |                  2 | On Loan: No      |
| ABN AMRO BANK NV               | ABN AMRO Bank NV                                                                 | CUSIP: AP3241647<br>LEI: BFXS5XCH7N0Y05NIXW11 | Long             | DBT              | CORP              | NL        |    500000 | PA      | $577927.78    | 0.37%             | 2027-09-22      | Variable      | 4.75%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-05-27

**Name of Applicant:** Professionally Managed Portfolios

**Signature:** /s/ Craig Benton

**Name of Signer:** Craig Benton

**Title:** President