# EDGAR Filing Document

**Accession Number:** 0000925723
**File Stem:** 0001193125-25-212431
**Filing Date:** 2025-9
**Character Count:** 319775
**Document Hash:** 7221253d8b1db7d0c72e08784c1c92d0
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-212431.hdr.sgml**: 20250923

**ACCESSION NUMBER**: 0001193125-25-212431

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250731

**FILED AS OF DATE**: 20250923

**DATE AS OF CHANGE**: 20250923

**PERIOD START**: 20251031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Federated Hermes Institutional Trust
- **CENTRAL INDEX KEY:** 0000925723

**ORGANIZATION NAME:**
- **EIN:** 251737663
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0731

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07193
- **FILM NUMBER:** 251331897

**BUSINESS ADDRESS:**
- **STREET 1:** 4000 ERICSSON DRIVE
- **CITY:** WARRENDALE
- **STATE:** PA
- **ZIP:** 15086-7561
- **BUSINESS PHONE:** 8003417400

**MAIL ADDRESS:**
- **STREET 1:** 4000 ERICSSON DRIVE
- **CITY:** WARRENDALE
- **STATE:** PA
- **ZIP:** 15086-7561

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FEDERATED INSTITUTIONAL TRUST
- **DATE OF NAME CHANGE:** 19940621

## Series and Classes Contracts Data

### Federated Hermes Institutional High Yield Bond Fund (Series ID: S000010934)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000030278 | Institutional Shares | FIHBX           |
| C000170849 | Class R6 Shares      | FIHLX           |
| C000240309 | Class A Shares       | FIHAX           |
| C000240310 | Class C Shares       | FIHCX           |

## Nport-Ex

Federated Hermes Institutional High Yield Bond Fund

Portfolio of Investments

July 31, 2025 (unaudited)

---

| | | |
|:---|:---|:---|
| **Principal** <br>**Amount** <br>**or Shares**<br>|  | **Value** |
|  | CORPORATE BONDS—96.4% |  |
|  | **Aerospace/Defense—1.6%** |  |
| $9550000 | TransDigm, Inc., 144A, 6.375%, 3/1/2029 | &nbsp;&nbsp; $9785895 |
| &nbsp;&nbsp; 21350000 | TransDigm, Inc., 1st Priority Sr. Secd. Note, 144A, 6.625%, 3/1/2032 | &nbsp;&nbsp; 21980231 |
| &nbsp;&nbsp; 2950000 | TransDigm, Inc., Sr. Secd. Note, 144A, 6.000%, 1/15/2033 | &nbsp;&nbsp; 2967150 |
| &nbsp;&nbsp; 13925000 | TransDigm, Inc., Sr. Secd. Note, 144A, 6.750%, 8/15/2028 | &nbsp;&nbsp; 14225947 |
| &nbsp;&nbsp; 38600000 | TransDigm, Inc., Sr. Secd. Note, 144A, 6.875%, 12/15/2030 | &nbsp;&nbsp; 40034839 |
| &nbsp;&nbsp; 15625000 | TransDigm, Inc., Sr. Sub. Note, 144A, 6.375%, 5/31/2033 | &nbsp;&nbsp; 15763312 |
| &nbsp;&nbsp; 8275000 | TransDigm, Inc., Sr. Sub. Note, Series WI, 4.875%, 5/1/2029 | &nbsp;&nbsp; 8125232 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 112882606 |
|  | **Airlines—0.1%** |  |
| &nbsp;&nbsp; 4893750 | American Airlines, Inc./AAdvantage Loyalty IP Ltd., 144A, 5.500%, 4/20/2026 | &nbsp;&nbsp; 4892346 |
| &nbsp;&nbsp; 2125000 | American Airlines, Inc./AAdvantage Loyalty IP Ltd., 144A, 5.750%, 4/20/2029 | &nbsp;&nbsp; 2125605 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7017951 |
|  | **Automotive—5.0%** |  |
| &nbsp;&nbsp; 4100000 | Adient Global Holdings Ltd., 144A, 7.000%, 4/15/2028 | &nbsp;&nbsp; 4199732 |
| &nbsp;&nbsp; 11450000 | Adient Global Holdings Ltd., Sr. Unsecd. Note, 144A, 7.500%, 2/15/2033 | &nbsp;&nbsp; 11683821 |
| &nbsp;&nbsp; 5225000 | Adient Global Holdings Ltd., Sr. Unsecd. Note, 144A, 8.250%, 4/15/2031 | &nbsp;&nbsp; 5466358 |
| &nbsp;&nbsp; 77850000 | Clarios Global LP / Clarios US Finance Co, Sr. Unsecd. Note, 144A, 8.500%, 5/15/2027 | &nbsp;&nbsp; 78469997 |
| &nbsp;&nbsp; 10075000 | Clarios Global LP, Sr. Secd. Note, 144A, 6.750%, 2/15/2030 | &nbsp;&nbsp; 10393924 |
| &nbsp;&nbsp; 32475000 | Dornoch Debt Merger Sub, Inc., Sr. Unsecd. Note, 144A, 6.625%, 10/15/2029 | &nbsp;&nbsp; 25671199 |
| &nbsp;&nbsp; 9150000 | Ford Motor Credit Co. LLC, Sr. Unsecd. Note, 2.700%, 8/10/2026 | &nbsp;&nbsp; 8925583 |
| &nbsp;&nbsp; 30600000 | Ford Motor Credit Co. LLC, Sr. Unsecd. Note, 3.375%, 11/13/2025 | &nbsp;&nbsp; 30449882 |
| &nbsp;&nbsp; 23600000 | Ford Motor Credit Co. LLC, Sr. Unsecd. Note, 4.000%, 11/13/2030 | &nbsp;&nbsp; 21674993 |
| &nbsp;&nbsp; 9725000 | Ford Motor Credit Co. LLC, Sr. Unsecd. Note, 4.125%, 8/17/2027 | &nbsp;&nbsp; 9477718 |
| &nbsp;&nbsp; 4375000 | Ford Motor Credit Co. LLC, Sr. Unsecd. Note, 4.271%, 1/9/2027 | &nbsp;&nbsp; 4311723 |
| &nbsp;&nbsp; 20475000 | Ford Motor Credit Co. LLC, Sr. Unsecd. Note, 5.113%, 5/3/2029 | &nbsp;&nbsp; 20039501 |
| &nbsp;&nbsp; 10050000 | Ford Motor Credit Co. LLC, Sr. Unsecd. Note, 7.350%, 11/4/2027 | &nbsp;&nbsp; 10414003 |
| &nbsp;&nbsp; 27250000 | Ford Motor Credit Co. LLC, Sr. Unsecd. Note, Series GMTN, 4.389%, 1/8/2026 | &nbsp;&nbsp; 27184494 |
| &nbsp;&nbsp; 23175000 | IHO Verwaltungs GmbH, 144A, 8.000%, 11/15/2032 | &nbsp;&nbsp; 23844456 |
| &nbsp;&nbsp; 16150000 | IHO Verwaltungs GmbH, Sr. Secd. Note, 144A, 6.375%, 5/15/2029 | &nbsp;&nbsp; 16183124 |
| &nbsp;&nbsp; 18575000 | J.B. Poindexter & Co., Inc., Sr. Unsecd. Note, 144A, 8.750%, 12/15/2031 | &nbsp;&nbsp; 19020568 |
| &nbsp;&nbsp; 21275000 | Real Hero Merger Sub 2, Inc., Sr. Unsecd. Note, 144A, 6.250%, 2/1/2029 | &nbsp;&nbsp; 14638517 |
| &nbsp;&nbsp; 4300000 | ZF North America Capital, Inc., Sr. Unsecd. Note, 144A, 6.750%, 4/23/2030 | &nbsp;&nbsp; 4094946 |
| &nbsp;&nbsp; 3475000 | ZF North America Capital, Inc., Sr. Unsecd. Note, 144A, 6.875%, 4/14/2028 | &nbsp;&nbsp; 3470885 |
| &nbsp;&nbsp; 6250000 | ZF North America Capital, Inc., Sr. Unsecd. Note, 144A, 7.125%, 4/14/2030 | &nbsp;&nbsp; 6062970 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 355678394 |
|  | **Banking—0.2%** |  |
| &nbsp;&nbsp; 10650000 | Ally Financial, Inc., Sr. Sub. Note, 5.750%, 11/20/2025 | &nbsp;&nbsp; 10665220 |
|  | **Building Materials—4.5%** |  |
| &nbsp;&nbsp; 9850000 | American Builders & Contractors Supply Co., Inc., 144A, 4.000%, 1/15/2028 | &nbsp;&nbsp; 9595930 |
| &nbsp;&nbsp; 3275000 | American Builders & Contractors Supply Co., Inc., Sr. Unsecd. Note, 144A, 3.875%, 11/15/2029 | &nbsp;&nbsp; 3089898 |
| &nbsp;&nbsp; 1350000 | Camelot Return Merger SU, Sr. Secd. Note, 144A, 8.750%, 8/1/2028 | &nbsp;&nbsp; 1238315 |
| &nbsp;&nbsp; 4225000 | CP Atlas Buyer, Inc., 144A, 9.750%, 7/15/2030 | &nbsp;&nbsp; 4265940 |
| &nbsp;&nbsp; 28525000 | CP Atlas Buyer, Inc., 144A, 12.750%, 1/15/2031 | &nbsp;&nbsp; 27123313 |
| &nbsp;&nbsp; 39475000 | Foundation Building Materials, Inc., Sr. Unsecd. Note, 144A, 6.000%, 3/1/2029 | &nbsp;&nbsp; 37060164 |
| &nbsp;&nbsp; 24350000 | GYP Holdings III Corp., Sr. Unsecd. Note, 144A, 4.625%, 5/1/2029 | &nbsp;&nbsp; 24605578 |
| &nbsp;&nbsp; 14925000 | Interface, Inc., Sr. Unsecd. Note, 144A, 5.500%, 12/1/2028 | &nbsp;&nbsp; 14723156 |
| &nbsp;&nbsp; 6975000 | Masterbrand, Inc., 144A, 7.000%, 7/15/2032 | &nbsp;&nbsp; 7097439 |
| &nbsp;&nbsp; 11525000 | Miter Brands Acquisition Holdco, Inc./MIWD Borrower LLC, Sr. Secd. Note, 144A, 6.750%, 4/1/2032 | &nbsp;&nbsp; 11774055 |
| &nbsp;&nbsp; 9600000 | MIWD Holdco II LLC/ MIWD Finance Corp., Sr. Unsecd. Note, 144A, 5.500%, 2/1/2030 | &nbsp;&nbsp; 9161689 |

---

**1**

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br> **or Shares**<br>|  | **Value** |
|  | CORPORATE BONDS—continued |  |
|  | **Building Materials—continued** |  |
| $19000000 | Patrick Industries, Inc., Co. Guarantee, 144A, 6.375%, 11/1/2032 | &nbsp;&nbsp; $19030153 |
| &nbsp;&nbsp; 21100000 | Queen MergerCo., Inc., Sr. Secd. Note, 144A, 6.750%, 4/30/2032 | &nbsp;&nbsp; 21780981 |
| &nbsp;&nbsp; 13300000 | Quikrete Holdings, Inc., Sr. Secd. Note, 144A, 6.375%, 3/1/2032 | &nbsp;&nbsp; 13649125 |
| &nbsp;&nbsp; 8375000 | Quikrete Holdings, Inc., Sr. Unsecd. Note, 144A, 6.750%, 3/1/2033 | &nbsp;&nbsp; 8594963 |
| &nbsp;&nbsp; 5925000 | Standard Industries, Inc., Sr. Unsecd. Note, 144A, 3.375%, 1/15/2031 | &nbsp;&nbsp; 5298075 |
| &nbsp;&nbsp; 15725000 | Standard Industries, Inc., Sr. Unsecd. Note, 144A, 4.375%, 7/15/2030 | &nbsp;&nbsp; 14897772 |
| &nbsp;&nbsp; 5950000 | Standard Industries, Inc., Sr. Unsecd. Note, 144A, 4.750%, 1/15/2028 | &nbsp;&nbsp; 5873241 |
| &nbsp;&nbsp; 28400000 | Standard Industries, Inc., Sr. Unsecd. Note, 144A, 5.000%, 2/15/2027 | &nbsp;&nbsp; 28403348 |
| &nbsp;&nbsp; 14050000 | Standard Industries, Inc., Sr. Unsecd. Note, 144A, 6.250%, 8/1/2033 | &nbsp;&nbsp; 14194663 |
| &nbsp;&nbsp; 7225000 | Standard Industries, Inc., Sr. Unsecd. Note, 144A, 6.500%, 8/15/2032 | &nbsp;&nbsp; 7383097 |
| &nbsp;&nbsp; 28675000 | White Cap Buyer LLC, Sr. Unsecd. Note, 144A, 6.875%, 10/15/2028 | &nbsp;&nbsp; 28622098 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 317462993 |
|  | **Cable Satellite—5.9%** |  |
| &nbsp;&nbsp; 438000 | CCO Holdings LLC/Cap Corp., Sr. Sub. Secd. Note, 144A, 5.500%, 5/1/2026 | &nbsp;&nbsp; 437546 |
| &nbsp;&nbsp; 14850000 | CCO Holdings LLC/Cap Corp., Sr. Unsecd. Note, 4.500%, 5/1/2032 | &nbsp;&nbsp; 13485350 |
| &nbsp;&nbsp; 36375000 | CCO Holdings LLC/Cap Corp., Sr. Unsecd. Note, 144A, 4.250%, 2/1/2031 | &nbsp;&nbsp; 33249216 |
| &nbsp;&nbsp; 8100000 | CCO Holdings LLC/Cap Corp., Sr. Unsecd. Note, 144A, 4.250%, 1/15/2034 | &nbsp;&nbsp; 6986430 |
| &nbsp;&nbsp; 28575000 | CCO Holdings LLC/Cap Corp., Sr. Unsecd. Note, 144A, 4.500%, 8/15/2030 | &nbsp;&nbsp; 26755921 |
| &nbsp;&nbsp; 3450000 | CCO Holdings LLC/Cap Corp., Sr. Unsecd. Note, 144A, 4.500%, 6/1/2033 | &nbsp;&nbsp; 3066728 |
| &nbsp;&nbsp; 16250000 | CCO Holdings LLC/Cap Corp., Sr. Unsecd. Note, 144A, 4.750%, 3/1/2030 | &nbsp;&nbsp; 15452592 |
| &nbsp;&nbsp; 6225000 | CCO Holdings LLC/Cap Corp., Sr. Unsecd. Note, 144A, 4.750%, 2/1/2032 | &nbsp;&nbsp; 5760131 |
| &nbsp;&nbsp; 9350000 | CCO Holdings LLC/Cap Corp., Sr. Unsecd. Note, 144A, 5.000%, 2/1/2028 | &nbsp;&nbsp; 9181196 |
| &nbsp;&nbsp; 10400000 | CCO Holdings LLC/Cap Corp., Sr. Unsecd. Note, 144A, 5.125%, 5/1/2027 | &nbsp;&nbsp; 10321359 |
| &nbsp;&nbsp; 11600000 | CCO Holdings LLC/Cap Corp., Sr. Unsecd. Note, 144A, 5.375%, 6/1/2029 | &nbsp;&nbsp; 11400660 |
| &nbsp;&nbsp; 4000000 | CCO Holdings LLC/Cap Corp., Sr. Unsecd. Note, 144A, 7.375%, 3/1/2031 | &nbsp;&nbsp; 4114700 |
| &nbsp;&nbsp; 3825000 | CSC Holdings LLC, Sr. Unsecd. Note, 144A, 3.375%, 2/15/2031 | &nbsp;&nbsp; 2505943 |
| &nbsp;&nbsp; 24400000 | CSC Holdings LLC, Sr. Unsecd. Note, 144A, 4.125%, 12/1/2030 | &nbsp;&nbsp; 16428415 |
| &nbsp;&nbsp; 25925000 | CSC Holdings LLC, Sr. Unsecd. Note, 144A, 4.500%, 11/15/2031 | &nbsp;&nbsp; 17297677 |
| &nbsp;&nbsp; 8825000 | CSC Holdings LLC, Sr. Unsecd. Note, 144A, 4.625%, 12/1/2030 | &nbsp;&nbsp; 4136517 |
| &nbsp;&nbsp; 3975000 | CSC Holdings LLC, Sr. Unsecd. Note, 144A, 6.500%, 2/1/2029 | &nbsp;&nbsp; 3144171 |
| &nbsp;&nbsp; 8050000 | DISH DBS Corp., Sr. Unsecd. Note, Series WI, 5.125%, 6/1/2029 | &nbsp;&nbsp; 5984711 |
| &nbsp;&nbsp; 8125000 | Doyla Holdco 18 Designated Activity Co., Sr. Unsecd. Note, 144A, 5.000%, 7/15/2028 | &nbsp;&nbsp; 7886841 |
| &nbsp;&nbsp; 6050000 | Sirius XM Radio, Inc., Sr. Unsecd. Note, 144A, 3.125%, 9/1/2026 | &nbsp;&nbsp; 5919073 |
| &nbsp;&nbsp; 9525000 | Sirius XM Radio, Inc., Sr. Unsecd. Note, 144A, 3.875%, 9/1/2031 | &nbsp;&nbsp; 8411703 |
| &nbsp;&nbsp; 8050000 | Sirius XM Radio, Inc., Sr. Unsecd. Note, 144A, 4.000%, 7/15/2028 | &nbsp;&nbsp; 7666921 |
| &nbsp;&nbsp; 16625000 | Sirius XM Radio, Inc., Sr. Unsecd. Note, 144A, 4.125%, 7/1/2030 | &nbsp;&nbsp; 15180682 |
| &nbsp;&nbsp; 3600000 | Sirius XM Radio, Inc., Sr. Unsecd. Note, 144A, 5.000%, 8/1/2027 | &nbsp;&nbsp; 3563666 |
| &nbsp;&nbsp; 20375000 | Sirius XM Radio, Inc., Sr. Unsecd. Note, 144A, 5.500%, 7/1/2029 | &nbsp;&nbsp; 20138758 |
| &nbsp;&nbsp; 37675000 | Sunrise FinCo I B.V., Sr. Note, 144A, 4.875%, 7/15/2031 | &nbsp;&nbsp; 35550695 |
| &nbsp;&nbsp; 44000000 | Telenet Finance Luxembourg, Sr. Secd. Note, 144A, 5.500%, 3/1/2028 | &nbsp;&nbsp; 43662947 |
| &nbsp;&nbsp; 13875000 | Virgin Media Finance PLC, Sr. Unsecd. Note, 144A, 5.000%, 7/15/2030 | &nbsp;&nbsp; 12521537 |
| &nbsp;&nbsp; 7400000 | Virgin Media Secured Finance PLC, Sr. Secd. Note, 144A, 4.500%, 8/15/2030 | &nbsp;&nbsp; 6888092 |
| &nbsp;&nbsp; 9850000 | Virgin Media Secured Finance PLC, Sr. Secd. Note, 144A, 5.500%, 5/15/2029 | &nbsp;&nbsp; 9635014 |
| &nbsp;&nbsp; 17325000 | Vmed O2 UK Financing I PLC, Sr. Note, 144A, 4.750%, 7/15/2031 | &nbsp;&nbsp; 16046937 |
| &nbsp;&nbsp; 10100000 | Vmed O2 UK Financing I PLC, Sr. Secd. Note, 144A, 4.250%, 1/31/2031 | &nbsp;&nbsp; 9212780 |
| &nbsp;&nbsp; 15350000 | VZ Secured Financing B.V., Sr. Secd. Note, 144A, 5.000%, 1/15/2032 | &nbsp;&nbsp; 13515188 |
| &nbsp;&nbsp; 3800000 | Ziggo B.V., Sr. Secd. Note, 144A, 4.875%, 1/15/2030 | &nbsp;&nbsp; 3513883 |
| &nbsp;&nbsp; 7925000 | Ziggo Bond Co. B.V., Sr. Unsecd. Note, 144A, 5.125%, 2/28/2030 | &nbsp;&nbsp; 6922247 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 415946227 |
|  | **Chemicals—3.5%** |  |
| &nbsp;&nbsp; 7350000 | Ashland, Inc., Sr. Unsecd. Note, 144A, 3.375%, 9/1/2031 | &nbsp;&nbsp; 6478910 |
| &nbsp;&nbsp; 6125000 | Axalta Coat/Dutch Holding B.V., Sr. Unsecd. Note, 144A, 4.750%, 6/15/2027 | &nbsp;&nbsp; 6075990 |
| &nbsp;&nbsp; 5275000 | Axalta Coating Systems Dutch Holding B B.V., Sr. Unsecd. Note, 144A, 7.250%, 2/15/2031 | &nbsp;&nbsp; 5492256 |
| &nbsp;&nbsp; 5550000 | Axalta Coating Systems LLC, Sr. Unsecd. Note, 144A, 3.375%, 2/15/2029 | &nbsp;&nbsp; 5207554 |

---

**2**

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br> **or Shares**<br>|  | **Value** |
|  | CORPORATE BONDS—continued |  |
|  | **Chemicals—continued** |  |
| $3650000 | Celanese US Holdings LLC, Sr. Unsecd. Note, 6.500%, 4/15/2030 | &nbsp;&nbsp; $3694369 |
| &nbsp;&nbsp; 16725000 | Celanese US Holdings LLC, Sr. Unsecd. Note, 6.750%, 4/15/2033 | &nbsp;&nbsp; 16884590 |
| &nbsp;&nbsp; 9425000 | Cheever Escrow Issuer, Sr. Secd. Note, 144A, 7.125%, 10/1/2027 | &nbsp;&nbsp; 9579513 |
| &nbsp;&nbsp; 17475000 | Element Solutions, Inc., Sr. Unsecd. Note, 144A, 3.875%, 9/1/2028 | &nbsp;&nbsp; 16849980 |
| &nbsp;&nbsp; 10350000 | H.B. Fuller Co., Sr. Unsecd. Note, 4.250%, 10/15/2028 | &nbsp;&nbsp; 10019692 |
| &nbsp;&nbsp; 20350000 | Herens Holdco S.a.r.l., Sr. Secd. Note, 144A, 4.750%, 5/15/2028 | &nbsp;&nbsp; 17761185 |
| &nbsp;&nbsp; 18975000 | Illuminate Buyer LLC/Illuminate Holdings IV, Inc., Sr. Unsecd. Note, 144A, 9.000%, 7/1/2028 | &nbsp;&nbsp; 19001280 |
| &nbsp;&nbsp; 22175000 | Maxam Prill S.a.r.l., Sr. Secd. Note, 144A, 7.750%, 7/15/2030 | &nbsp;&nbsp; 21701985 |
| &nbsp;&nbsp; 17475000 | Olympus Water US Holding Corp., Sr. Secd. Note, 144A, 4.250%, 10/1/2028 | &nbsp;&nbsp; 16655326 |
| &nbsp;&nbsp; 4750000 | Olympus Water US Holding Corp., Sr. Secd. Note, 144A, 7.250%, 6/15/2031 | &nbsp;&nbsp; 4855165 |
| &nbsp;&nbsp; 18700000 | Olympus Water US Holding Corp., Sr. Secd. Note, 144A, 9.750%, 11/15/2028 | &nbsp;&nbsp; 19627053 |
| &nbsp;&nbsp; 20400000 | Olympus Water US Holding Corp., Sr. Unsecd. Note, 144A, 6.250%, 10/1/2029 | &nbsp;&nbsp; 19560250 |
| &nbsp;&nbsp; 14425000 | Olympus Water US Holding Corp., Sr. Unsecd. Note, 144A, 6.750%, 8/1/2032 | &nbsp;&nbsp; 14263257 |
| &nbsp;&nbsp; 2325000 | SNF Group SACA, Sr. Unsecd. Note, 144A, 3.125%, 3/15/2027 | &nbsp;&nbsp; 2247513 |
| &nbsp;&nbsp; 5125000 | SNF Group SACA, Sr. Unsecd. Note, 144A, 3.375%, 3/15/2030 | &nbsp;&nbsp; 4711558 |
| &nbsp;&nbsp; 7625000 | WR Grace Holdings LLC, 144A, 4.875%, 6/15/2027 | &nbsp;&nbsp; 7591550 |
| &nbsp;&nbsp; 4050000 | WR Grace Holdings LLC, Sr. Secd. Note, 144A, 7.375%, 3/1/2031 | &nbsp;&nbsp; 4172581 |
| &nbsp;&nbsp; 14025000 | WR Grace Holdings LLC, Sr. Unsecd. Note, 144A, 5.625%, 8/15/2029 | &nbsp;&nbsp; 12941346 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 245372903 |
|  | **Construction Machinery—0.7%** |  |
| &nbsp;&nbsp; 8450000 | Herc Holdings, Inc., Sr. Unsecd. Note, 144A, 7.000%, 6/15/2030 | &nbsp;&nbsp; 8738657 |
| &nbsp;&nbsp; 5675000 | Herc Holdings, Inc., Sr. Unsecd. Note, 144A, 7.250%, 6/15/2033 | &nbsp;&nbsp; 5880713 |
| &nbsp;&nbsp; 825000 | United Rentals North America, Inc., 144A, 6.000%, 12/15/2029 | &nbsp;&nbsp; 840420 |
| &nbsp;&nbsp; 2500000 | United Rentals North America, Inc., Sr. Unsecd. Note, 3.750%, 1/15/2032 | &nbsp;&nbsp; 2279400 |
| &nbsp;&nbsp; 3200000 | United Rentals North America, Inc., Sr. Unsecd. Note, 3.875%, 2/15/2031 | &nbsp;&nbsp; 2988530 |
| &nbsp;&nbsp; 12850000 | United Rentals North America, Inc., Sr. Unsecd. Note, 4.000%, 7/15/2030 | &nbsp;&nbsp; 12167926 |
| &nbsp;&nbsp; 10600000 | United Rentals North America, Inc., Sr. Unsecd. Note, 4.875%, 1/15/2028 | &nbsp;&nbsp; 10543053 |
| &nbsp;&nbsp; 5650000 | United Rentals North America, Inc., Sr. Unsecd. Note, 144A, 6.125%, 3/15/2034 | &nbsp;&nbsp; 5800024 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 49238723 |
|  | **Consumer Cyclical Services—3.2%** |  |
| &nbsp;&nbsp; 10675000 | Allied Universal Holdco LLC, Sr. Secd. Note, 144A, 6.875%, 6/15/2030 | &nbsp;&nbsp; 10935374 |
| &nbsp;&nbsp; 13375000 | Allied Universal Holdco LLC, Sr. Secd. Note, 144A, 7.875%, 2/15/2031 | &nbsp;&nbsp; 14034481 |
| &nbsp;&nbsp; 28725000 | Allied Universal Holdco LLC, Sr. Unsecd. Note, 144A, 6.000%, 6/1/2029 | &nbsp;&nbsp; 27982077 |
| &nbsp;&nbsp; 14350000 | Cars.com, Inc., Sr. Unsecd. Note, 144A, 6.375%, 11/1/2028 | &nbsp;&nbsp; 14332427 |
| &nbsp;&nbsp; 18225000 | Dun & Bradstreet Corp., Sr. Unsecd. Note, 144A, 5.000%, 12/15/2029 | &nbsp;&nbsp; 18653517 |
| &nbsp;&nbsp; 5800000 | Garda World Security Corp., 144A, 8.250%, 8/1/2032 | &nbsp;&nbsp; 5986188 |
| &nbsp;&nbsp; 5625000 | Garda World Security Corp., Sr. Secd. Note, 144A, 4.625%, 2/15/2027 | &nbsp;&nbsp; 5579350 |
| &nbsp;&nbsp; 4325000 | Garda World Security Corp., Sr. Secd. Note, 144A, 7.750%, 2/15/2028 | &nbsp;&nbsp; 4465247 |
| &nbsp;&nbsp; 28325000 | Garda World Security Corp., Sr. Unsecd. Note, 144A, 6.000%, 6/1/2029 | &nbsp;&nbsp; 27850358 |
| &nbsp;&nbsp; 25525000 | Garda World Security Corp., Sr. Unsecd. Note, 144A, 8.375%, 11/15/2032 | &nbsp;&nbsp; 26316428 |
| &nbsp;&nbsp; 8900000 | Go Daddy Operating Co. LLC / GD Finance Co., Inc., Sr. Unsecd. Note, 144A, 5.250%, 12/1/2027 | &nbsp;&nbsp; 8874124 |
| &nbsp;&nbsp; 18175000 | Match Group Holdings II LLC, Sr. Unsecd. Note, 144A, 4.125%, 8/1/2030 | &nbsp;&nbsp; 16967749 |
| &nbsp;&nbsp; 12600000 | Match Group Holdings II LLC, Sr. Unsecd. Note, 144A, 4.625%, 6/1/2028 | &nbsp;&nbsp; 12321549 |
| &nbsp;&nbsp; 8175000 | Match Group Holdings II LLC, Sr. Unsecd. Note, 144A, 5.000%, 12/15/2027 | &nbsp;&nbsp; 8119085 |
| &nbsp;&nbsp; 11850000 | The Brink's Co., Sr. Unsecd. Note, 144A, 6.500%, 6/15/2029 | &nbsp;&nbsp; 12151168 |
| &nbsp;&nbsp; 9900000 | The Brink's Co., Sr. Unsecd. Note, 144A, 6.750%, 6/15/2032 | &nbsp;&nbsp; 10207435 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 224776557 |
|  | **Consumer Products—1.7%** |  |
| &nbsp;&nbsp; 2550000 | Acushnet Co., Sr. Unsecd. Note, 144A, 7.375%, 10/15/2028 | &nbsp;&nbsp; 2659551 |
| &nbsp;&nbsp; 23100000 | Beach Acquisition Bidco, Sr. Unsecd. Note, 144A, 10.000%, 7/15/2033 | &nbsp;&nbsp; 24141228 |
| &nbsp;&nbsp; 9675000 | Champ Acquisition Corp., Sr. Secd. Note, 144A, 8.375%, 12/1/2031 | &nbsp;&nbsp; 10259805 |
| &nbsp;&nbsp; 5625000 | Edgewell Personal Care Co., Sr. Unsecd. Note, 144A, 4.125%, 4/1/2029 | &nbsp;&nbsp; 5326972 |
| &nbsp;&nbsp; 9850000 | Edgewell Personal Care Co., Sr. Unsecd. Note, 144A, 5.500%, 6/1/2028 | &nbsp;&nbsp; 9789427 |
| &nbsp;&nbsp; 24400000 | Energizer Holdings, Inc., Sr. Unsecd. Note, 144A, 4.375%, 3/31/2029 | &nbsp;&nbsp; 23162827 |

---

**3**

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br> **or Shares**<br>|  | **Value** |
|  | CORPORATE BONDS—continued |  |
|  | **Consumer Products—continued** |  |
| $20050000 | Energizer Holdings, Inc., Sr. Unsecd. Note, 144A, 4.750%, 6/15/2028 | &nbsp;&nbsp; $19503353 |
| &nbsp;&nbsp; 12175000 | Energizer Holdings, Inc., Sr. Unsecd. Note, 144A, 6.500%, 12/31/2027 | &nbsp;&nbsp; 12365052 |
| &nbsp;&nbsp; 3850000 | Whirlpool Corp., Sr. Unsecd. Note, 6.125%, 6/15/2030 | &nbsp;&nbsp; 3843611 |
| &nbsp;&nbsp; 8675000 | Whirlpool Corp., Sr. Unsecd. Note, 6.500%, 6/15/2033 | &nbsp;&nbsp; 8554802 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 119606628 |
|  | **Diversified Manufacturing—1.5%** |  |
| &nbsp;&nbsp; 41025000 | EMRLD Borrower LP / Emerald Co-Issuer, Inc., Sr. Secd. Note, 144A, 6.625%, 12/15/2030 | &nbsp;&nbsp; 41880741 |
| &nbsp;&nbsp; 3275000 | EMRLD Borrower LP, Sr. Secd. Note, 144A, 6.750%, 7/15/2031 | &nbsp;&nbsp; 3376148 |
| &nbsp;&nbsp; 3925000 | EnPro, Inc., Sr. Unsecd. Note, 144A, 6.125%, 6/1/2033 | &nbsp;&nbsp; 3969651 |
| &nbsp;&nbsp; 12475000 | Gates Corp., Sr. Unsecd. Note, 144A, 6.875%, 7/1/2029 | &nbsp;&nbsp; 12853367 |
| &nbsp;&nbsp; 10700000 | WESCO Distribution, Inc., Sr. Unsecd. Note, 144A, 6.375%, 3/15/2029 | &nbsp;&nbsp; 10988290 |
| &nbsp;&nbsp; 3550000 | WESCO Distribution, Inc., Sr. Unsecd. Note, 144A, 6.375%, 3/15/2033 | &nbsp;&nbsp; 3637170 |
| &nbsp;&nbsp; 11400000 | WESCO Distribution, Inc., Sr. Unsecd. Note, 144A, 6.625%, 3/15/2032 | &nbsp;&nbsp; 11776884 |
| &nbsp;&nbsp; 18100000 | WESCO Distribution, Inc., Sr. Unsecd. Note, 144A, 7.250%, 6/15/2028 | &nbsp;&nbsp; 18352332 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 106834583 |
|  | **Finance Companies—3.0%** |  |
| &nbsp;&nbsp; 42825000 | Boost Newco Borrower LLC, 144A, 7.500%, 1/15/2031 | &nbsp;&nbsp; 45306323 |
| &nbsp;&nbsp; 2025000 | Macquarie Airfinance Holdings Ltd., Sr. Unsecd. Note, 144A, 8.125%, 3/30/2029 | &nbsp;&nbsp; 2118176 |
| &nbsp;&nbsp; 5650000 | Navient Corp., Sr. Unsecd. Note, 4.875%, 3/15/2028 | &nbsp;&nbsp; 5518563 |
| &nbsp;&nbsp; 8050000 | Navient Corp., Sr. Unsecd. Note, 5.000%, 3/15/2027 | &nbsp;&nbsp; 7967605 |
| &nbsp;&nbsp; 7125000 | Navient Corp., Sr. Unsecd. Note, 5.500%, 3/15/2029 | &nbsp;&nbsp; 6976208 |
| &nbsp;&nbsp; 6400000 | Navient Corp., Sr. Unsecd. Note, 6.750%, 6/15/2026 | &nbsp;&nbsp; 6468538 |
| &nbsp;&nbsp; 2875000 | Rocket Cos., Inc., Sr. Unsecd. Note, 144A, 6.125%, 8/1/2030 | &nbsp;&nbsp; 2916910 |
| &nbsp;&nbsp; 12500000 | Rocket Cos., Inc., Sr. Unsecd. Note, 144A, 6.375%, 8/1/2033 | &nbsp;&nbsp; 12765415 |
| &nbsp;&nbsp; 17150000 | Rocket Mortgage Co-Issuer, Inc., Sr. Unsecd. Note, 144A, 2.875%, 10/15/2026 | &nbsp;&nbsp; 16736165 |
| &nbsp;&nbsp; 14975000 | Rocket Mortgage Co-Issuer, Inc., Sr. Unsecd. Note, 144A, 3.625%, 3/1/2029 | &nbsp;&nbsp; 14157517 |
| &nbsp;&nbsp; 18475000 | Rocket Mortgage Co-Issuer, Inc., Sr. Unsecd. Note, 144A, 3.875%, 3/1/2031 | &nbsp;&nbsp; 17059301 |
| &nbsp;&nbsp; 11300000 | Rocket Mortgage Co-Issuer, Inc., Sr. Unsecd. Note, 144A, 4.000%, 10/15/2033 | &nbsp;&nbsp; 10008582 |
| &nbsp;&nbsp; 22375000 | United Wholesale Mortgage, LLC, Sr. Unsecd. Note, 144A, 5.500%, 11/15/2025 | &nbsp;&nbsp; 22389210 |
| &nbsp;&nbsp; 19600000 | United Wholesale Mortgage, LLC, Sr. Unsecd. Note, 144A, 5.500%, 4/15/2029 | &nbsp;&nbsp; 19187822 |
| &nbsp;&nbsp; 11200000 | United Wholesale Mortgage, LLC, Sr. Unsecd. Note, 144A, 5.750%, 6/15/2027 | &nbsp;&nbsp; 11208393 |
| &nbsp;&nbsp; 9100000 | UWM Holdings LLC, Sr. Unsecd. Note, 144A, 6.625%, 2/1/2030 | &nbsp;&nbsp; 9112282 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 209897010 |
|  | **Food & Beverage—2.1%** |  |
| &nbsp;&nbsp; 1175000 | Aramark Services, Inc., Sr. Unsecd. Note, 144A, 5.000%, 2/1/2028 | &nbsp;&nbsp; 1164676 |
| &nbsp;&nbsp; 19450000 | Bellring Brands, Inc., Sr. Unsecd. Note, 144A, 7.000%, 3/15/2030 | &nbsp;&nbsp; 20196394 |
| &nbsp;&nbsp; 36050000 | Froneri Lux Finco S.a.r.l., Sr. Secd. Note, 144A, 6.000%, 8/1/2032 | &nbsp;&nbsp; 35943717 |
| &nbsp;&nbsp; 17025000 | Performance Food Group, Inc., Sr. Unsecd. Note, 144A, 4.250%, 8/1/2029 | &nbsp;&nbsp; 16383152 |
| &nbsp;&nbsp; 6475000 | Performance Food Group, Inc., Sr. Unsecd. Note, 144A, 5.500%, 10/15/2027 | &nbsp;&nbsp; 6470287 |
| &nbsp;&nbsp; 3950000 | Performance Food Group, Inc., Sr. Unsecd. Note, 144A, 6.125%, 9/15/2032 | &nbsp;&nbsp; 4016111 |
| &nbsp;&nbsp; 6500000 | Post Holdings, Inc., 144A, 6.375%, 3/1/2033 | &nbsp;&nbsp; 6511350 |
| &nbsp;&nbsp; 8100000 | Post Holdings, Inc., Sr. Secd. Note, 144A, 6.250%, 2/15/2032 | &nbsp;&nbsp; 8261417 |
| &nbsp;&nbsp; 12325000 | Post Holdings, Inc., Sr. Unsecd. Note, 144A, 5.500%, 12/15/2029 | &nbsp;&nbsp; 12225868 |
| &nbsp;&nbsp; 3550000 | US Foods, Inc., Sr. Unsecd. Note, 144A, 4.625%, 6/1/2030 | &nbsp;&nbsp; 3423867 |
| &nbsp;&nbsp; 20375000 | US Foods, Inc., Sr. Unsecd. Note, 144A, 4.750%, 2/15/2029 | &nbsp;&nbsp; 19972960 |
| &nbsp;&nbsp; 2850000 | US Foods, Inc., Sr. Unsecd. Note, 144A, 5.750%, 4/15/2033 | &nbsp;&nbsp; 2830914 |
| &nbsp;&nbsp; 8225000 | US Foods, Inc., Sr. Unsecd. Note, 144A, 6.875%, 9/15/2028 | &nbsp;&nbsp; 8481011 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 145881724 |
|  | **Gaming—4.0%** |  |
| &nbsp;&nbsp; 15400000 | Affinity Gaming LLC, 144A, 6.875%, 12/15/2027 | &nbsp;&nbsp; 8497565 |
| &nbsp;&nbsp; 12800000 | Boyd Gaming Corp., Sr. Unsecd. Note, 4.750%, 12/1/2027 | &nbsp;&nbsp; 12706611 |
| &nbsp;&nbsp; 8675000 | Boyd Gaming Corp., Sr. Unsecd. Note, 144A, 4.750%, 6/15/2031 | &nbsp;&nbsp; 8268329 |
| &nbsp;&nbsp; 18875000 | Caesars Entertainment, Inc., 144A, 6.000%, 10/15/2032 | &nbsp;&nbsp; 18232786 |
| &nbsp;&nbsp; 12250000 | Caesars Entertainment, Inc., Sr. Secd. Note, 144A, 6.500%, 2/15/2032 | &nbsp;&nbsp; 12500406 |

---

**4**

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br> **or Shares**<br>|  | **Value** |
|  | CORPORATE BONDS—continued |  |
|  | **Gaming—continued** |  |
| $13725000 | Caesars Entertainment, Inc., Sr. Secd. Note, 144A, 7.000%, 2/15/2030 | &nbsp;&nbsp; $14166355 |
| &nbsp;&nbsp; 6300000 | Caesars Entertainment, Inc., Sr. Unsecd. Note, 144A, 4.625%, 10/15/2029 | &nbsp;&nbsp; 5958217 |
| &nbsp;&nbsp; 7975000 | CCM Merger, Inc., Sr. Unsecd. Note, 144A, 6.375%, 5/1/2026 | &nbsp;&nbsp; 7978254 |
| &nbsp;&nbsp; 5825000 | Churchill Downs, Inc., Sr. Secd. Note, 144A, 5.750%, 4/1/2030 | &nbsp;&nbsp; 5814954 |
| &nbsp;&nbsp; 2425000 | Churchill Downs, Inc., Sr. Unsecd. Note, 144A, 5.500%, 4/1/2027 | &nbsp;&nbsp; 2423412 |
| &nbsp;&nbsp; 21100000 | Churchill Downs, Inc., Sr. Unsecd. Note, 144A, 6.750%, 5/1/2031 | &nbsp;&nbsp; 21570045 |
| &nbsp;&nbsp; 17425000 | Light & Wonder International, Inc., Sr. Unsecd. Note, 144A, 7.250%, 11/15/2029 | &nbsp;&nbsp; 17927903 |
| &nbsp;&nbsp; 8250000 | Light & Wonder International, Inc., Sr. Unsecd. Note, 144A, 7.500%, 9/1/2031 | &nbsp;&nbsp; 8605410 |
| &nbsp;&nbsp; 12575000 | MGM Resorts International, Sr. Unsecd. Note, 6.125%, 9/15/2029 | &nbsp;&nbsp; 12755237 |
| &nbsp;&nbsp; 22325000 | MGM Resorts International, Sr. Unsecd. Note, 6.500%, 4/15/2032 | &nbsp;&nbsp; 22690073 |
| &nbsp;&nbsp; 15650000 | Midwest Gaming Borrower LLC, Sr. Note, 144A, 4.875%, 5/1/2029 | &nbsp;&nbsp; 15089267 |
| &nbsp;&nbsp; 6375000 | PENN Entertaintment, Inc., Sr. Unsecd. Note, 144A, 4.125%, 7/1/2029 | &nbsp;&nbsp; 5913453 |
| &nbsp;&nbsp; 6225000 | PENN Entertaintment, Inc., Sr. Unsecd. Note, 144A, 5.625%, 1/15/2027 | &nbsp;&nbsp; 6192378 |
| &nbsp;&nbsp; 4075000 | Station Casinos, LLC, 144A, 6.625%, 3/15/2032 | &nbsp;&nbsp; 4158370 |
| &nbsp;&nbsp; 33600000 | Station Casinos, LLC, Sr. Unsecd. Note, 144A, 4.500%, 2/15/2028 | &nbsp;&nbsp; 32868825 |
| &nbsp;&nbsp; 5250000 | Station Casinos, LLC, Sr. Unsecd. Note, 144A, 4.625%, 12/1/2031 | &nbsp;&nbsp; 4916428 |
| &nbsp;&nbsp; 5600000 | VICI Properties LP/ VICI Note Co., Inc., Sr. Unsecd. Note, 144A, 4.250%, 12/1/2026 | &nbsp;&nbsp; 5555663 |
| &nbsp;&nbsp; 14950000 | Wynn Resorts Finance LLC / Wynn Resorts Capital Corp., 144A, 7.125%, 2/15/2031 | &nbsp;&nbsp; 15910283 |
| &nbsp;&nbsp; 12025000 | Wynn Resorts Finance LLC / Wynn Resorts Capital Corp., Sr. Unsecd. Note, 144A, 6.250%, 3/15/2033 | &nbsp;&nbsp; 12069180 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 282769404 |
|  | **Health Care—5.3%** |  |
| &nbsp;&nbsp; 14100000 | AHP Health Partners, Inc., Sr. Unsecd. Note, 144A, 5.750%, 7/15/2029 | &nbsp;&nbsp; 13630985 |
| &nbsp;&nbsp; 8800000 | Avantor Funding, Inc., Sr. Unsecd. Note, 144A, 3.875%, 11/1/2029 | &nbsp;&nbsp; 8306168 |
| &nbsp;&nbsp; 32350000 | Avantor Funding, Inc., Sr. Unsecd. Note, 144A, 4.625%, 7/15/2028 | &nbsp;&nbsp; 31650373 |
| &nbsp;&nbsp; 8050000 | CHS/Community Health Systems, Inc., 144A, 6.125%, 4/1/2030 | &nbsp;&nbsp; 5697473 |
| &nbsp;&nbsp; 14100000 | CHS/Community Health Systems, Inc., 144A, 6.875%, 4/15/2029 | &nbsp;&nbsp; 10975158 |
| &nbsp;&nbsp; 15700000 | CHS/Community Health Systems, Inc., Sr. Note, 144A, 5.250%, 5/15/2030 | &nbsp;&nbsp; 13748961 |
| &nbsp;&nbsp; 10825000 | CHS/Community Health Systems, Inc., Sr. Secd. Note, 144A, 5.625%, 3/15/2027 | &nbsp;&nbsp; 10848804 |
| &nbsp;&nbsp; 3375000 | CHS/Community Health Systems, Inc., Sr. Secd. Note, 144A, 6.000%, 1/15/2029 | &nbsp;&nbsp; 3210772 |
| &nbsp;&nbsp; 7050000 | CHS/Community Health Systems, Inc., Sr. Secd. Note, 144A, 9.750%, 1/15/2034 | &nbsp;&nbsp; 7103852 |
| &nbsp;&nbsp; 7500000 | Concentra Escrow Issuer Corp., Sr. Unsecd. Note, 144A, 6.875%, 7/15/2032 | &nbsp;&nbsp; 7715552 |
| &nbsp;&nbsp; 8850000 | Embecta Corp., Sr. Note, 144A, 6.750%, 2/15/2030 | &nbsp;&nbsp; 8498856 |
| &nbsp;&nbsp; 2875000 | Insulet Corp., Sr. Unsecd. Note, 144A, 6.500%, 4/1/2033 | &nbsp;&nbsp; 2957351 |
| &nbsp;&nbsp; 8350000 | Iqvia, Inc., Sr. Unsecd. Note, 144A, 5.000%, 10/15/2026 | &nbsp;&nbsp; 8335776 |
| &nbsp;&nbsp; 8450000 | Iqvia, Inc., Sr. Unsecd. Note, 144A, 5.000%, 5/15/2027 | &nbsp;&nbsp; 8407685 |
| &nbsp;&nbsp; 20675000 | Iqvia, Inc., Sr. Unsecd. Note, 144A, 6.250%, 6/1/2032 | &nbsp;&nbsp; 21227126 |
| &nbsp;&nbsp; 2550000 | Iqvia, Inc., Sr. Unsecd. Note, 144A, 6.500%, 5/15/2030 | &nbsp;&nbsp; 2631103 |
| &nbsp;&nbsp; 14325000 | Medline Borrower LP, Sr. Secd. Note, 144A, 3.875%, 4/1/2029 | &nbsp;&nbsp; 13670349 |
| &nbsp;&nbsp; 66175000 | Medline Borrower LP, Sr. Unsecd. Note, 144A, 5.250%, 10/1/2029 | &nbsp;&nbsp; 64923426 |
| &nbsp;&nbsp; 8275000 | Medline Borrower LP/Medline Co-Issuer, Inc., 144A, 6.250%, 4/1/2029 | &nbsp;&nbsp; 8447889 |
| &nbsp;&nbsp; 3175000 | Neogen Food Safety Corp., Sr. Unsecd. Note, 144A, 8.625%, 7/20/2030 | &nbsp;&nbsp; 3211846 |
| &nbsp;&nbsp; 22800000 | Raven Acquisition Holdings LLC, Sr. Secd. Note, 144A, 6.875%, 11/15/2031 | &nbsp;&nbsp; 23085613 |
| &nbsp;&nbsp; 18250000 | Select Medical Corp., 144A, 6.250%, 12/1/2032 | &nbsp;&nbsp; 18225154 |
| &nbsp;&nbsp; 4600000 | Teleflex, Inc., Sr. Unsecd. Note, 4.625%, 11/15/2027 | &nbsp;&nbsp; 4528128 |
| &nbsp;&nbsp; 1550000 | Teleflex, Inc., Sr. Unsecd. Note, 144A, 4.250%, 6/1/2028 | &nbsp;&nbsp; 1502394 |
| &nbsp;&nbsp; 5250000 | Tenet Healthcare Corp., 4.250%, 6/1/2029 | &nbsp;&nbsp; 5070660 |
| &nbsp;&nbsp; 4625000 | Tenet Healthcare Corp., 4.625%, 6/15/2028 | &nbsp;&nbsp; 4550122 |
| &nbsp;&nbsp; 18900000 | Tenet Healthcare Corp., 5.125%, 11/1/2027 | &nbsp;&nbsp; 18835332 |
| &nbsp;&nbsp; 16275000 | Tenet Healthcare Corp., 6.250%, 2/1/2027 | &nbsp;&nbsp; 16296060 |
| &nbsp;&nbsp; 5675000 | Tenet Healthcare Corp., Sr. Secd. Note, 6.750%, 5/15/2031 | &nbsp;&nbsp; 5843633 |
| &nbsp;&nbsp; 21575000 | Tenet Healthcare Corp., Sr. Unsecd. Note, 6.125%, 10/1/2028 | &nbsp;&nbsp; 21589800 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 374726401 |
|  | **Health Insurance—0.3%** |  |
| &nbsp;&nbsp; 6000000 | Centene Corp., Sr. Unsecd. Note, Series WI, 4.250%, 12/15/2027 | &nbsp;&nbsp; 5821868 |

---

**5**

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br> **or Shares**<br>|  | **Value** |
|  | CORPORATE BONDS—continued |  |
|  | **Health Insurance—continued** |  |
| $7900000 | Centene Corp., Sr. Unsecd. Note, Series WI, 4.625%, 12/15/2029 | &nbsp;&nbsp; $7517562 |
| &nbsp;&nbsp; 10125000 | Molina Healthcare, Inc., Sr. Secd. Note, 144A, 6.250%, 1/15/2033 | &nbsp;&nbsp; 10002216 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23341646 |
|  | **Independent Energy—3.4%** |  |
| &nbsp;&nbsp; 17800000 | Aethon United BR LP/Aethon United Finance Corp., 144A, 7.500%, 10/1/2029 | &nbsp;&nbsp; 18665365 |
| &nbsp;&nbsp; 6325000 | Antero Resources Corp., Sr. Unsecd. Note, 144A, 5.375%, 3/1/2030 | &nbsp;&nbsp; 6301056 |
| &nbsp;&nbsp; 2475000 | Antero Resources Corp., Sr. Unsecd. Note, 144A, 7.625%, 2/1/2029 | &nbsp;&nbsp; 2537620 |
| &nbsp;&nbsp; 8625000 | Ascent Resources Utica Holdings LLC/ ARU Finance Corp., Sr. Unsecd. Note, 144A, 5.875%, 6/30/2029 | &nbsp;&nbsp; 8601133 |
| &nbsp;&nbsp; 4925000 | Ascent Resources Utica Holdings LLC/ ARU Finance Corp., Sr. Unsecd. Note, 144A, 6.625%, 10/15/2032 | &nbsp;&nbsp; 5013955 |
| &nbsp;&nbsp; 5075000 | Ascent Resources Utica Holdings LLC/ ARU Finance Corp., Sr. Unsecd. Note, 144A, 6.625%, 7/15/2033 | &nbsp;&nbsp; 5149674 |
| &nbsp;&nbsp; 2971000 | Ascent Resources Utica Holdings LLC/ ARU Finance Corp., Sr. Unsecd. Note, 144A, 9.000%, 11/1/2027 | &nbsp;&nbsp; 3610300 |
| &nbsp;&nbsp; 3000000 | Civitas Resources, Inc., Sr. Secd. Note, 144A, 9.625%, 6/15/2033 | &nbsp;&nbsp; 3088302 |
| &nbsp;&nbsp; 7675000 | Civitas Resources, Inc., Sr. Unsecd. Note, 144A, 8.625%, 11/1/2030 | &nbsp;&nbsp; 7838593 |
| &nbsp;&nbsp; 3250000 | Civitas Resources, Inc., Sr. Unsecd. Note, 144A, 8.750%, 7/1/2031 | &nbsp;&nbsp; 3294163 |
| &nbsp;&nbsp; 13950000 | Civitas Resources, Inc., Unsecd. Note, 144A, 8.375%, 7/1/2028 | &nbsp;&nbsp; 14362584 |
| &nbsp;&nbsp; 3150000 | CNX Resources Corp., Sr. Unsecd. Note, 144A, 7.250%, 3/1/2032 | &nbsp;&nbsp; 3250614 |
| &nbsp;&nbsp; 9475000 | Comstock Resources, Inc., Sr. Unsecd. Note, 144A, 5.875%, 1/15/2030 | &nbsp;&nbsp; 8951838 |
| &nbsp;&nbsp; 20950000 | Comstock Resources, Inc., Sr. Unsecd. Note, 144A, 6.750%, 3/1/2029 | &nbsp;&nbsp; 20730002 |
| &nbsp;&nbsp; 1896000 | EQT Corp., Sr. Unsecd. Note, 144A, 4.500%, 1/15/2029 | &nbsp;&nbsp; 1873949 |
| &nbsp;&nbsp; 13700000 | EQT Corp., Sr. Unsecd. Note, 144A, 4.750%, 1/15/2031 | &nbsp;&nbsp; 13503190 |
| &nbsp;&nbsp; 5525000 | EQT Corp., Sr. Unsecd. Note, 144A, 6.375%, 4/1/2029 | &nbsp;&nbsp; 5689983 |
| &nbsp;&nbsp; 1600000 | EQT Corp., Sr. Unsecd. Note, 144A, 7.500%, 6/1/2027 | &nbsp;&nbsp; 1628867 |
| &nbsp;&nbsp; 4000000 | Expand Energy Corp., Sr. Unsecd. Note, 4.750%, 2/1/2032 | &nbsp;&nbsp; 3888050 |
| &nbsp;&nbsp; 6975000 | Expand Energy Corp., Sr. Unsecd. Note, 5.375%, 3/15/2030 | &nbsp;&nbsp; 6987665 |
| &nbsp;&nbsp; 1900000<br><sup>1,2</sup> <br>| Expand Energy Corp., Sr. Unsecd. Note, 5.750%, 3/15/2099 | &nbsp;&nbsp; 7410 |
| &nbsp;&nbsp; 10175000<br><sup>1,2</sup> <br>| Expand Energy Corp., Sr. Unsecd. Note, 7.000%, 10/1/2099 | &nbsp;&nbsp; 39683 |
| &nbsp;&nbsp; 1600000 | Expand Energy Corp., Sr. Unsecd. Note, 144A, 5.875%, 2/1/2029 | &nbsp;&nbsp; 1606330 |
| &nbsp;&nbsp; 9575000 | Matador Resources Co., Sr. Unsecd. Note, 144A, 6.250%, 4/15/2033 | &nbsp;&nbsp; 9509768 |
| &nbsp;&nbsp; 8900000 | Matador Resources Co., Sr. Unsecd. Note, 144A, 6.500%, 4/15/2032 | &nbsp;&nbsp; 8934131 |
| &nbsp;&nbsp; 2500000 | Occidental Petroleum Corp., Sr. Unsecd. Note, 7.150%, 5/15/2028 | &nbsp;&nbsp; 2642813 |
| &nbsp;&nbsp; 5725000 | Permian Resources Operating LLC, Sr. Sub. Secd. Note, 144A, 6.250%, 2/1/2033 | &nbsp;&nbsp; 5764319 |
| &nbsp;&nbsp; 10925000 | Permian Resources Operating LLC, Sr. Unsecd. Note, 144A, 5.375%, 1/15/2026 | &nbsp;&nbsp; 10914723 |
| &nbsp;&nbsp; 5900000 | Range Resources Corp., Sr. Unsecd. Note, 8.250%, 1/15/2029 | &nbsp;&nbsp; 6054025 |
| &nbsp;&nbsp; 5500000 | Range Resources Corp., Sr. Unsecd. Note, 144A, 4.750%, 2/15/2030 | &nbsp;&nbsp; 5351166 |
| &nbsp;&nbsp; 20400000 | Rockcliff Energy II LLC, Sr. Unsecd. Note, 144A, 5.500%, 10/15/2029 | &nbsp;&nbsp; 19888215 |
| &nbsp;&nbsp; 3575000 | Sitio Royalties Operating Partnership LP / Sitio Finance Corp., Sr. Unsecd. Note, 144A, 7.875%, 11/1/2028 | &nbsp;&nbsp; 3733026 |
| &nbsp;&nbsp; 4575000 | SM Energy Co., Sr. Unsecd. Note, 6.625%, 1/15/2027 | &nbsp;&nbsp; 4568687 |
| &nbsp;&nbsp; 8325000 | SM Energy Co., Sr. Unsecd. Note, 6.750%, 9/15/2026 | &nbsp;&nbsp; 8350341 |
| &nbsp;&nbsp; 6300000 | SM Energy Co., Sr. Unsecd. Note, 144A, 6.750%, 8/1/2029 | &nbsp;&nbsp; 6310458 |
| &nbsp;&nbsp; 3000000 | SM Energy Co., Sr. Unsecd. Note, 144A, 7.000%, 8/1/2032 | &nbsp;&nbsp; 2973214 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 241615212 |
|  | **Industrial - Other—1.5%** |  |
| &nbsp;&nbsp; 5350000 | Hillenbrand, Inc., Sr. Unsecd. Note, 6.250%, 2/15/2029 | &nbsp;&nbsp; 5425173 |
| &nbsp;&nbsp; 2950000 | Madison Iaq LLC, Sr. Secd. Note, 144A, 4.125%, 6/30/2028 | &nbsp;&nbsp; 2857343 |
| &nbsp;&nbsp; 53725000 | Madison Iaq LLC, Sr. Unsecd. Note, 144A, 5.875%, 6/30/2029 | &nbsp;&nbsp; 52355126 |
| &nbsp;&nbsp; 32275000 | SPX Flow, Inc., Sr. Unsecd. Note, 144A, 8.750%, 4/1/2030 | &nbsp;&nbsp; 33364152 |
| &nbsp;&nbsp; 10325000 | TK Elevator U.S. Newco, Inc., Sr. Unsecd. Note, 144A, 5.250%, 7/15/2027 | &nbsp;&nbsp; 10286819 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 104288613 |
|  | **Insurance - P&C—9.1%** |  |
| &nbsp;&nbsp; 3000000 | Acrisure LLC, Sr. Secd. Note, 144A, 6.750%, 7/1/2032 | &nbsp;&nbsp; 3039386 |
| &nbsp;&nbsp; 21050000 | Acrisure LLC, Sr. Secd. Note, 144A, 7.500%, 11/6/2030 | &nbsp;&nbsp; 21760206 |
| &nbsp;&nbsp; 5200000 | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer, 144A, 5.875%, 11/1/2029 | &nbsp;&nbsp; 5124898 |
| &nbsp;&nbsp; 14675000 | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer, 144A, 7.375%, 10/1/2032 | &nbsp;&nbsp; 15103906 |
| &nbsp;&nbsp; 5650000 | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer, Sr. Secd. Note, 144A, 6.500%, 10/1/2031 | &nbsp;&nbsp; 5739123 |

---

**6**

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br> **or Shares**<br>|  | **Value** |
|  | CORPORATE BONDS—continued |  |
|  | **Insurance - P&C—continued** |  |
| $22125000 | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer, Sr. Secd. Note, 144A, 7.000%, 1/15/2031 | &nbsp;&nbsp; $22769435 |
| &nbsp;&nbsp; 7050000 | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer, Sr. Unsecd. Note, 144A, 6.750%, 10/15/2027 | &nbsp;&nbsp; 7062006 |
| &nbsp;&nbsp; 11225000 | AmWINS Group, Inc., Sr. Secd. Note, 144A, 6.375%, 2/15/2029 | &nbsp;&nbsp; 11437714 |
| &nbsp;&nbsp; 34800000 | AmWINS Group, Inc., Sr. Unsecd. Note, 144A, 4.875%, 6/30/2029 | &nbsp;&nbsp; 33829988 |
| &nbsp;&nbsp; 11675000 | Amynta Agency/Warranty Borrower, Inc., Sr. Unsecd. Note, 144A, 7.500%, 7/15/2033 | &nbsp;&nbsp; 11719995 |
| &nbsp;&nbsp; 8550000 | Ardonagh Finco Ltd., Sr. Secd. Note, 144A, 7.750%, 2/15/2031 | &nbsp;&nbsp; 8922199 |
| &nbsp;&nbsp; 71650000 | Ardonagh Group Finance Ltd., Sr. Unsecd. Note, 144A, 8.875%, 2/15/2032 | &nbsp;&nbsp; 75413058 |
| &nbsp;&nbsp; 24900000 | AssuredPartners, Inc., Sr. Unsecd. Note, 144A, 5.625%, 1/15/2029 | &nbsp;&nbsp; 24872969 |
| &nbsp;&nbsp; 11350000 | AssuredPartners, Inc., Sr. Unsecd. Note, 144A, 7.500%, 2/15/2032 | &nbsp;&nbsp; 12128179 |
| &nbsp;&nbsp; 27525000 | Baldwin Insurance Group Holdings LLC/Baldwin Insurance Group Holdings Finance, 144A, 7.125%, 5/15/2031 | &nbsp;&nbsp; 28442683 |
| &nbsp;&nbsp; 58850000 | Broadstreet Partners, Inc., Sr. Unsecd. Note, 144A, 5.875%, 4/15/2029 | &nbsp;&nbsp; 58507799 |
| &nbsp;&nbsp; 36125000 | Hub International Ltd., Sr. Secd. Note, 144A, 7.250%, 6/15/2030 | &nbsp;&nbsp; 37680579 |
| &nbsp;&nbsp; 23675000 | Hub International Ltd., Sr. Unsecd. Note, 144A, 5.625%, 12/1/2029 | &nbsp;&nbsp; 23526006 |
| &nbsp;&nbsp; 52800000 | Hub International Ltd., Sr. Unsecd. Note, 144A, 7.375%, 1/31/2032 | &nbsp;&nbsp; 55010922 |
| &nbsp;&nbsp; 19625000 | Jones Deslauriers Insurance Management, Inc., Sr. Secd. Note, 144A, 8.500%, 3/15/2030 | &nbsp;&nbsp; 20723387 |
| &nbsp;&nbsp; 24950000 | Jones Deslauriers Insurance Management, Inc., Sr. Unsecd. Note, 144A, 10.500%, 12/15/2030 | &nbsp;&nbsp; 26537519 |
| &nbsp;&nbsp; 52200000 | Panther Escrow Issuer, Sr. Secd. Note, 144A, 7.125%, 6/1/2031 | &nbsp;&nbsp; 54013292 |
| &nbsp;&nbsp; 11675000 | Ryan Specialty LLC, Sr. Secd. Note, 144A, 4.375%, 2/1/2030 | &nbsp;&nbsp; 11216823 |
| &nbsp;&nbsp; 13325000 | Ryan Specialty LLC, Sr. Secd. Note, 144A, 5.875%, 8/1/2032 | &nbsp;&nbsp; 13373556 |
| &nbsp;&nbsp; 50750000 | USI, Inc./NY, Sr. Unsecd. Note, 144A, 7.500%, 1/15/2032 | &nbsp;&nbsp; 53645643 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 641601271 |
|  | **Leisure—2.7%** |  |
| &nbsp;&nbsp; 3825000 | Carnival Corp., Sr. Secd. Note, 144A, 7.000%, 8/15/2029 | &nbsp;&nbsp; 4021942 |
| &nbsp;&nbsp; 2950000 | Carnival Corp., Sr. Unsecd. Note, 144A, 5.750%, 3/15/2030 | &nbsp;&nbsp; 2994137 |
| &nbsp;&nbsp; 4825000 | Carnival Corp., Sr. Unsecd. Note, 144A, 5.750%, 8/1/2032 | &nbsp;&nbsp; 4863696 |
| &nbsp;&nbsp; 9425000 | Carnival Corp., Sr. Unsecd. Note, 144A, 5.875%, 6/15/2031 | &nbsp;&nbsp; 9572266 |
| &nbsp;&nbsp; 16075000 | Carnival Corp., Sr. Unsecd. Note, 144A, 6.000%, 5/1/2029 | &nbsp;&nbsp; 16227600 |
| &nbsp;&nbsp; 7800000 | Carnival Corp., Sr. Unsecd. Note, 144A, 6.125%, 2/15/2033 | &nbsp;&nbsp; 7943255 |
| &nbsp;&nbsp; 8550000 | NCL Corp. Ltd., Sr. Secd. Note, 144A, 8.125%, 1/15/2029 | &nbsp;&nbsp; 8988016 |
| &nbsp;&nbsp; 2058000 | NCL Corp. Ltd., Sr. Unsecd. Note, 144A, 5.875%, 3/15/2026 | &nbsp;&nbsp; 2066936 |
| &nbsp;&nbsp; 8600000 | NCL Corp. Ltd., Sr. Unsecd. Note, 144A, 6.750%, 2/1/2032 | &nbsp;&nbsp; 8838611 |
| &nbsp;&nbsp; 4750000 | NCL Corp. Ltd., Sr. Unsecd. Note, 144A, 7.750%, 2/15/2029 | &nbsp;&nbsp; 5042220 |
| &nbsp;&nbsp; 7900000 | NCL Finance Ltd., Sr. Unsecd. Note, 144A, 6.125%, 3/15/2028 | &nbsp;&nbsp; 8000322 |
| &nbsp;&nbsp; 17500000 | Royal Caribbean Cruises, Ltd., 144A, 6.000%, 2/1/2033 | &nbsp;&nbsp; 17799746 |
| &nbsp;&nbsp; 750000 | Royal Caribbean Cruises, Ltd., Sr. Unsecd. Note, 144A, 4.250%, 7/1/2026 | &nbsp;&nbsp; 747437 |
| &nbsp;&nbsp; 4325000 | Royal Caribbean Cruises, Ltd., Sr. Unsecd. Note, 144A, 5.375%, 7/15/2027 | &nbsp;&nbsp; 4348212 |
| &nbsp;&nbsp; 7750000 | Royal Caribbean Cruises, Ltd., Sr. Unsecd. Note, 144A, 5.500%, 8/31/2026 | &nbsp;&nbsp; 7780729 |
| &nbsp;&nbsp; 6650000 | Royal Caribbean Cruises, Ltd., Sr. Unsecd. Note, 144A, 5.625%, 9/30/2031 | &nbsp;&nbsp; 6701917 |
| &nbsp;&nbsp; 10050000 | Royal Caribbean Cruises, Ltd., Sr. Unsecd. Note, 144A, 6.250%, 3/15/2032 | &nbsp;&nbsp; 10321400 |
| &nbsp;&nbsp; 5775000 | Six Flags Entertainment Corp., Sr. Unsecd. Note, 144A, 5.500%, 4/15/2027 | &nbsp;&nbsp; 5763415 |
| &nbsp;&nbsp; 23550000 | Six Flags Entertainment Corp., Sr. Unsecd. Note, 144A, 7.250%, 5/15/2031 | &nbsp;&nbsp; 24020105 |
| &nbsp;&nbsp; 32625000 | United Parks & Resorts, Inc., Sr. Unsecd. Note, 144A, 5.250%, 8/15/2029 | &nbsp;&nbsp; 31791167 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 187833129 |
|  | **Lodging—1.1%** |  |
| &nbsp;&nbsp; 1875000 | Hilton Domestic Operating Co., Inc., Sr. Unsecd. Note, 144A, 3.625%, 2/15/2032 | &nbsp;&nbsp; 1691721 |
| &nbsp;&nbsp; 9275000 | Hilton Domestic Operating Co., Inc., Sr. Unsecd. Note, 144A, 3.750%, 5/1/2029 | &nbsp;&nbsp; 8841606 |
| &nbsp;&nbsp; 13000000 | Hilton Domestic Operating Co., Inc., Sr. Unsecd. Note, 144A, 5.750%, 5/1/2028 | &nbsp;&nbsp; 13005037 |
| &nbsp;&nbsp; 1650000 | Hilton Domestic Operating Co., Inc., Sr. Unsecd. Note, 144A, 5.750%, 9/15/2033 | &nbsp;&nbsp; 1652599 |
| &nbsp;&nbsp; 10950000 | Hilton Domestic Operating Co., Inc., Sr. Unsecd. Note, 144A, 5.875%, 3/15/2033 | &nbsp;&nbsp; 11040545 |
| &nbsp;&nbsp; 12925000 | RHP Hotel Property/RHP Finance Corp., Sr. Unsecd. Note, 144A, 6.500%, 4/1/2032 | &nbsp;&nbsp; 13210190 |
| &nbsp;&nbsp; 3100000 | RHP Hotel Property/RHP Finance Corp., Sr. Unsecd. Note, 144A, 6.500%, 6/15/2033 | &nbsp;&nbsp; 3176967 |
| &nbsp;&nbsp; 5900000 | RHP Hotel Property/RHP Finance Corp., Sr. Unsecd. Note, 144A, 7.250%, 7/15/2028 | &nbsp;&nbsp; 6088717 |
| &nbsp;&nbsp; 12425000 | Wyndham Hotels & Resorts, Inc., Sr. Unsecd. Note, 144A, 4.375%, 8/15/2028 | &nbsp;&nbsp; 12065550 |

---

**7**

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br> **or Shares**<br>|  | **Value** |
|  | CORPORATE BONDS—continued |  |
|  | **Lodging—continued** |  |
| $6800000 | XHR LP, Sr. Unsecd. Note, 144A, 6.625%, 5/15/2030 | &nbsp;&nbsp; $6919864 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 77692796 |
|  | **Media Entertainment—2.0%** |  |
| &nbsp;&nbsp; 3674000 | Cumulus Media News Holdings, Inc., 144A, 8.000%, 7/1/2029 | &nbsp;&nbsp; 1001165 |
| &nbsp;&nbsp; 12325000 | Gray Escrow II, Inc., Sr. Unsecd. Note, 144A, 5.375%, 11/15/2031 | &nbsp;&nbsp; 9107782 |
| &nbsp;&nbsp; 2000000 | Lamar Media Corp., Sr. Unsecd. Note, 4.000%, 2/15/2030 | &nbsp;&nbsp; 1899382 |
| &nbsp;&nbsp; 8850000 | Lamar Media Corp., Sr. Unsecd. Note, 4.875%, 1/15/2029 | &nbsp;&nbsp; 8699185 |
| &nbsp;&nbsp; 1650000 | Lamar Media Corp., Sr. Unsecd. Note, Series WI, 3.625%, 1/15/2031 | &nbsp;&nbsp; 1519255 |
| &nbsp;&nbsp; 4875000 | Nexstar Broadcasting, Inc., Sr. Unsecd. Note, 144A, 5.625%, 7/15/2027 | &nbsp;&nbsp; 4868586 |
| &nbsp;&nbsp; 3200000 | Outfront Media Capital LLC / Outfront Media Capital Corp., 144A, 7.375%, 2/15/2031 | &nbsp;&nbsp; 3362903 |
| &nbsp;&nbsp; 6225000 | Outfront Media Capital LLC / Outfront Media Capital Corp., Sr. Unsecd. Note, 144A, 4.250%, 1/15/2029 | &nbsp;&nbsp; 5932151 |
| &nbsp;&nbsp; 8275000 | Outfront Media Capital LLC / Outfront Media Capital Corp., Sr. Unsecd. Note, 144A, 4.625%, 3/15/2030 | &nbsp;&nbsp; 7864553 |
| &nbsp;&nbsp; 6575000 | Outfront Media Capital LLC / Outfront Media Capital Corp., Sr. Unsecd. Note, 144A, 5.000%, 8/15/2027 | &nbsp;&nbsp; 6513300 |
| &nbsp;&nbsp; 2775000 | Sinclair Television Group, Inc., 144A, 4.375%, 12/31/2032 | &nbsp;&nbsp; 2072120 |
| &nbsp;&nbsp; 8175000 | Sinclair Television Group, Inc., Sr. Unsecd. Note, 144A, 5.500%, 3/1/2030 | &nbsp;&nbsp; 6787743 |
| &nbsp;&nbsp; 28750000 | Stagwell Global LLC, Sr. Unsecd. Note, 144A, 5.625%, 8/15/2029 | &nbsp;&nbsp; 27695234 |
| &nbsp;&nbsp; 2875000 | Tegna, Inc., Sr. Unsecd. Note, 5.000%, 9/15/2029 | &nbsp;&nbsp; 2766068 |
| &nbsp;&nbsp; 3950000 | Univision Communications, Inc., 144A, 9.375%, 8/1/2032 | &nbsp;&nbsp; 4101150 |
| &nbsp;&nbsp; 12375000 | Univision Communications, Inc., Sr. Secd. Note, 144A, 4.500%, 5/1/2029 | &nbsp;&nbsp; 11461236 |
| &nbsp;&nbsp; 11525000 | Univision Communications, Inc., Sr. Secd. Note, 144A, 7.375%, 6/30/2030 | &nbsp;&nbsp; 11473080 |
| &nbsp;&nbsp; 15600000 | Univision Communications, Inc., Sr. Secd. Note, 144A, 8.000%, 8/15/2028 | &nbsp;&nbsp; 16039327 |
| &nbsp;&nbsp; 5450000 | WMG Acquisition Corp., Sr. Secd. Note, 144A, 3.750%, 12/1/2029 | &nbsp;&nbsp; 5121775 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 138285995 |
|  | **Metals & Mining—1.0%** |  |
| &nbsp;&nbsp; 19175000 | Cleveland-Cliffs, Inc., Sr. Unsecd. Note, 144A, 4.625%, 3/1/2029 | &nbsp;&nbsp; 18090389 |
| &nbsp;&nbsp; 3850000 | Cleveland-Cliffs, Inc., Sr. Unsecd. Note, 144A, 4.875%, 3/1/2031 | &nbsp;&nbsp; 3420108 |
| &nbsp;&nbsp; 1150000 | Cleveland-Cliffs, Inc., Sr. Unsecd. Note, 144A, 6.750%, 4/15/2030 | &nbsp;&nbsp; 1145385 |
| &nbsp;&nbsp; 4300000 | Cleveland-Cliffs, Inc., Sr. Unsecd. Note, 144A, 6.875%, 11/1/2029 | &nbsp;&nbsp; 4305921 |
| &nbsp;&nbsp; 16000000 | Cleveland-Cliffs, Inc., Sr. Unsecd. Note, 144A, 7.000%, 3/15/2032 | &nbsp;&nbsp; 15629754 |
| &nbsp;&nbsp; 7175000 | Cleveland-Cliffs, Inc., Sr. Unsecd. Note, 144A, 7.375%, 5/1/2033 | &nbsp;&nbsp; 6991742 |
| &nbsp;&nbsp; 21350000 | Coeur Mining, Inc., Sr. Unsecd. Note, 144A, 5.125%, 2/15/2029 | &nbsp;&nbsp; 20796087 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 70379386 |
|  | **Midstream—5.0%** |  |
| &nbsp;&nbsp; 9325000 | Antero Midstream Partners LP, Sr. Unsecd. Note, 144A, 5.375%, 6/15/2029 | &nbsp;&nbsp; 9253598 |
| &nbsp;&nbsp; 23650000 | Antero Midstream Partners LP, Sr. Unsecd. Note, 144A, 5.750%, 3/1/2027 | &nbsp;&nbsp; 23680186 |
| &nbsp;&nbsp; 32175000 | Antero Midstream Partners LP, Sr. Unsecd. Note, 144A, 5.750%, 1/15/2028 | &nbsp;&nbsp; 32153250 |
| &nbsp;&nbsp; 3625000 | Antero Midstream Partners LP, Sr. Unsecd. Note, 144A, 6.625%, 2/1/2032 | &nbsp;&nbsp; 3729567 |
| &nbsp;&nbsp; 7375000 | Aris Water Holdings LLC, Sr. Unsecd. Note, 144A, 7.250%, 4/1/2030 | &nbsp;&nbsp; 7569611 |
| &nbsp;&nbsp; 4575000 | Blue Racer Midstream LLC/Blue Racer Finance Corp., Sr. Unsecd. Note, 144A, 7.000%, 7/15/2029 | &nbsp;&nbsp; 4748141 |
| &nbsp;&nbsp; 8325000 | Blue Racer Midstream LLC/Blue Racer Finance Corp., Sr. Unsecd. Note, 144A, 7.250%, 7/15/2032 | &nbsp;&nbsp; 8784590 |
| &nbsp;&nbsp; 24725000 | CNX Midstream Partners LP, Sr. Unsecd. Note, 144A, 4.750%, 4/15/2030 | &nbsp;&nbsp; 23381668 |
| &nbsp;&nbsp; 11575000 | Crestwood Midstream Partners LP, Sr. Unsecd. Note, 144A, 7.375%, 2/1/2031 | &nbsp;&nbsp; 12108021 |
| &nbsp;&nbsp; 15875000 | DT Midstream, Inc., Sr. Unsecd. Note, 144A, 4.375%, 6/15/2031 | &nbsp;&nbsp; 15121598 |
| &nbsp;&nbsp; 2800000 | Hess Midstream Operations LP, Sr. Unsecd. Note, 144A, 4.250%, 2/15/2030 | &nbsp;&nbsp; 2711669 |
| &nbsp;&nbsp; 15300000 | Hess Midstream Operations LP, Sr. Unsecd. Note, 144A, 5.125%, 6/15/2028 | &nbsp;&nbsp; 15232955 |
| &nbsp;&nbsp; 1525000 | Hess Midstream Operations LP, Sr. Unsecd. Note, 144A, 5.500%, 10/15/2030 | &nbsp;&nbsp; 1532816 |
| &nbsp;&nbsp; 2750000 | Hess Midstream Operations LP, Sr. Unsecd. Note, 144A, 5.875%, 3/1/2028 | &nbsp;&nbsp; 2797347 |
| &nbsp;&nbsp; 4500000 | Hess Midstream Operations LP, Sr. Unsecd. Note, 144A, 6.500%, 6/1/2029 | &nbsp;&nbsp; 4638852 |
| &nbsp;&nbsp; 19150000 | HF Sinclair Corp., Sr. Unsecd. Note, 5.000%, 2/1/2028 | &nbsp;&nbsp; 19107311 |
| &nbsp;&nbsp; 20325000 | Northriver Midstream Fin, 144A, 6.750%, 7/15/2032 | &nbsp;&nbsp; 20710504 |
| &nbsp;&nbsp; 7450000 | Rockies Express Pipeline, Sr. Unsecd. Note, 144A, 6.750%, 3/15/2033 | &nbsp;&nbsp; 7748387 |
| &nbsp;&nbsp; 12600000 | Suburban Propane Partners LP, Sr. Unsecd. Note, 5.875%, 3/1/2027 | &nbsp;&nbsp; 12593839 |
| &nbsp;&nbsp; 28000000 | Suburban Propane Partners LP, Sr. Unsecd. Note, 144A, 5.000%, 6/1/2031 | &nbsp;&nbsp; 26320720 |
| &nbsp;&nbsp; 9525000 | Targa Resources Partners LP / Targa Resources Partners Finance Corp., Sr. Unsecd. Note, 5.000%, 1/15/2028 | &nbsp;&nbsp; 9516392 |

---

**8**

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br> **or Shares**<br>|  | **Value** |
|  | CORPORATE BONDS—continued |  |
|  | **Midstream—continued** |  |
| $19400000 | Targa Resources Partners LP / Targa Resources Partners Finance Corp., Sr. Unsecd. Note, 5.500%, 3/1/2030 | &nbsp;&nbsp; $19692319 |
| &nbsp;&nbsp; 14850000 | Venture Global Plaquemines LNG LLC, Sr. Secd. Note, 144A, 6.500%, 1/15/2034 | &nbsp;&nbsp; 15286234 |
| &nbsp;&nbsp; 12075000 | Venture Global Plaquemines LNG LLC, Sr. Secd. Note, 144A, 6.750%, 1/15/2036 | &nbsp;&nbsp; 12429167 |
| &nbsp;&nbsp; 18775000 | Venture Global Plaquemines LNG LLC, Sr. Secd. Note, 144A, 7.500%, 5/1/2033 | &nbsp;&nbsp; 20287675 |
| &nbsp;&nbsp; 17875000 | Venture Global Plaquemines LNG LLC, Sr. Secd. Note, 144A, 7.750%, 5/1/2035 | &nbsp;&nbsp; 19610518 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 350746935 |
|  | **Oil Field Services—2.3%** |  |
| &nbsp;&nbsp; 26950000 | Archrock Partners LP / Archrock Partners Finance Corp., Sr. Unsecd. Note, 144A, 6.250%, 4/1/2028 | &nbsp;&nbsp; 26967734 |
| &nbsp;&nbsp; 29575000 | Archrock Partners LP / Archrock Partners Finance Corp., Sr. Unsecd. Note, 144A, 6.875%, 4/1/2027 | &nbsp;&nbsp; 29669048 |
| &nbsp;&nbsp; 22725000 | Kodiak Gas Services LLC, Sr. Unsecd. Note, 144A, 7.250%, 2/15/2029 | &nbsp;&nbsp; 23294511 |
| &nbsp;&nbsp; 11625000 | Nabors Industries Ltd., Sr. Unsecd. Note, 144A, 7.500%, 1/15/2028 | &nbsp;&nbsp; 10738482 |
| &nbsp;&nbsp; 5925000 | Nabors Industries, Inc., Co. Guarantee, 144A, 9.125%, 1/31/2030 | &nbsp;&nbsp; 5870167 |
| &nbsp;&nbsp; 1575000 | Nabors Industries, Inc., Sr. Unsecd. Note, 144A, 7.375%, 5/15/2027 | &nbsp;&nbsp; 1591000 |
| &nbsp;&nbsp; 6000000 | Nabors Industries, Inc., Sr. Unsecd. Note, 144A, 8.875%, 8/15/2031 | &nbsp;&nbsp; 4816074 |
| &nbsp;&nbsp; 11425000 | Precision Drilling Corp., Sr. Unsecd. Note, 144A, 6.875%, 1/15/2029 | &nbsp;&nbsp; 11427340 |
| &nbsp;&nbsp; 2827000 | Precision Drilling Corp., Sr. Unsecd. Note, 144A, 7.125%, 1/15/2026 | &nbsp;&nbsp; 2838004 |
| &nbsp;&nbsp; 26200000 | USA Compression Partners LP, Sr. Unsecd. Note, 6.875%, 9/1/2027 | &nbsp;&nbsp; 26215175 |
| &nbsp;&nbsp; 18225000 | USA Compression Partners LP, Sr. Unsecd. Note, 144A, 7.125%, 3/15/2029 | &nbsp;&nbsp; 18642868 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 162070403 |
|  | **Packaging—3.0%** |  |
| &nbsp;&nbsp; 30994948 | ARD Finance S.A., Secured Note, 144A, 7.250% PIK, 6/30/2027 | &nbsp;&nbsp; 2305249 |
| &nbsp;&nbsp; 23400000 | Ardagh Metal Packaging, Sr. Unsecd. Note, 144A, 4.000%, 9/1/2029 | &nbsp;&nbsp; 21333971 |
| &nbsp;&nbsp; 26100000 | Ardagh Packaging Finance PLC/Ardagh Holdings, Sr. Unsecd. Note, 144A, 5.250%, 8/15/2027 | &nbsp;&nbsp; 12553578 |
| &nbsp;&nbsp; 24500000 | Ardagh Packaging Finance PLC/Ardagh Holdings, Sr. Unsecd. Note, 144A, 5.250%, 8/15/2027 | &nbsp;&nbsp; 11784010 |
| &nbsp;&nbsp; 13750000 | Ball Corp., Sr. Unsecd. Note, 2.875%, 8/15/2030 | &nbsp;&nbsp; 12361529 |
| &nbsp;&nbsp; 6325000 | Ball Corp., Sr. Unsecd. Note, 6.000%, 6/15/2029 | &nbsp;&nbsp; 6445358 |
| &nbsp;&nbsp; 10650000 | Ball Corp., Sr. Unsecd. Note, 6.875%, 3/15/2028 | &nbsp;&nbsp; 10878908 |
| &nbsp;&nbsp; 4625000 | Clydesdale Acquisition Holdings, Inc., Sr. Secd. Note, 144A, 6.750%, 4/15/2032 | &nbsp;&nbsp; 4740556 |
| &nbsp;&nbsp; 8225000 | Clydesdale Acquisition Holdings, Inc., Sr. Secd. Note, 144A, 6.875%, 1/15/2030 | &nbsp;&nbsp; 8421413 |
| &nbsp;&nbsp; 29675000 | Clydesdale Acquisition Holdings, Inc., Sr. Unsecd. Note, 144A, 8.750%, 4/15/2030 | &nbsp;&nbsp; 30312649 |
| &nbsp;&nbsp; 9100000 | Crown Americas LLC, Sr. Unsecd. Note, 144A, 5.875%, 6/1/2033 | &nbsp;&nbsp; 9125280 |
| &nbsp;&nbsp; 7725000 | Mauser Packaging Solutions Holding Co., 144A, 9.250%, 4/15/2027 | &nbsp;&nbsp; 7653123 |
| &nbsp;&nbsp; 12700000 | Mauser Packaging Solutions Holding Co., Sr. Secd. Note, 144A, 7.875%, 4/15/2027 | &nbsp;&nbsp; 12826695 |
| &nbsp;&nbsp; 3875000 | OI European Group B.V., Sr. Unsecd. Note, 144A, 4.750%, 2/15/2030 | &nbsp;&nbsp; 3675672 |
| &nbsp;&nbsp; 3373000 | Owens-Brockway Glass Container, Inc., Sr. Unsecd. Note, 144A, 6.625%, 5/13/2027 | &nbsp;&nbsp; 3379817 |
| &nbsp;&nbsp; 16950000 | Sealed Air Corp., 144A, 6.500%, 7/15/2032 | &nbsp;&nbsp; 17473535 |
| &nbsp;&nbsp; 3950000 | Sealed Air Corp., Sr. Unsecd. Note, 144A, 4.000%, 12/1/2027 | &nbsp;&nbsp; 3838553 |
| &nbsp;&nbsp; 2525000 | Sealed Air Corp., Sr. Unsecd. Note, 144A, 5.000%, 4/15/2029 | &nbsp;&nbsp; 2492681 |
| &nbsp;&nbsp; 6125000 | Sealed Air Corp., Sr. Unsecd. Note, 144A, 6.125%, 2/1/2028 | &nbsp;&nbsp; 6187374 |
| &nbsp;&nbsp; 5900000 | Sealed Air Corp., Sr. Unsecd. Note, 144A, 7.250%, 2/15/2031 | &nbsp;&nbsp; 6139864 |
| &nbsp;&nbsp; 8100000 | Trivium Packaging Finance B.V., 144A, 8.250%, 7/15/2030 | &nbsp;&nbsp; 8534686 |
| &nbsp;&nbsp; 8125000 | Trivium Packaging Finance B.V., 144A, 12.250%, 1/15/2031 | &nbsp;&nbsp; 8538246 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 211002747 |
|  | **Paper—0.5%** |  |
| &nbsp;&nbsp; 20725000 | Clearwater Paper Corp., Sr. Unsecd. Note, 144A, 4.750%, 8/15/2028 | &nbsp;&nbsp; 19552379 |
| &nbsp;&nbsp; 2225000 | Graphic Packaging International, LLC, Sr. Unsecd. Note, 144A, 3.500%, 3/15/2028 | &nbsp;&nbsp; 2119187 |
| &nbsp;&nbsp; 13475000 | Graphic Packaging International, LLC, Sr. Unsecd. Note, 144A, 3.500%, 3/1/2029 | &nbsp;&nbsp; 12644820 |
| &nbsp;&nbsp; 1250000 | Graphic Packaging International, LLC, Sr. Unsecd. Note, 144A, 4.750%, 7/15/2027 | &nbsp;&nbsp; 1227143 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 35543529 |
|  | **Pharmaceuticals—2.3%** |  |
| &nbsp;&nbsp; 4825000 | Amneal Pharmaceuticals, Inc., Sr. Secd. Note, 144A, 6.875%, 8/1/2032 | &nbsp;&nbsp; 4903313 |
| &nbsp;&nbsp; 16875000 | Bausch Health Cos., Inc., Sr. Unsecd. Note, 144A, 4.875%, 6/1/2028 | &nbsp;&nbsp; 14951756 |
| &nbsp;&nbsp; 9675000 | Bausch Health Cos., Inc., Sr. Unsecd. Note, 144A, 5.000%, 2/15/2029 | &nbsp;&nbsp; 6878296 |
| &nbsp;&nbsp; 3850000 | Bausch Health Cos., Inc., Sr. Unsecd. Note, 144A, 5.250%, 1/30/2030 | &nbsp;&nbsp; 2479727 |

---

**9**

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br> **or Shares**<br>|  | **Value** |
|  | CORPORATE BONDS—continued |  |
|  | **Pharmaceuticals—continued** |  |
| $11750000 | Bausch Health Cos., Inc., Sr. Unsecd. Note, 144A, 6.250%, 2/15/2029 | &nbsp;&nbsp; $8533438 |
| &nbsp;&nbsp; 29125000 | Bausch Health, Sr. Secd. Note, 144A, 10.000%, 4/15/2032 | &nbsp;&nbsp; 29670042 |
| &nbsp;&nbsp; 40400000 | Grifols Escrow Issuer S.A., Sr. Unsecd. Note, 144A, 4.750%, 10/15/2028 | &nbsp;&nbsp; 38952399 |
| &nbsp;&nbsp; 15175000 | Jazz Securities Designated Activity Co., Sr. Secd. Note, 144A, 4.375%, 1/15/2029 | &nbsp;&nbsp; 14691697 |
| &nbsp;&nbsp; 6375000 | Opal Bidco SAS, Sr. Secd. Note, 144A, 6.500%, 3/31/2032 | &nbsp;&nbsp; 6442963 |
| &nbsp;&nbsp; 7525000 | Organon & Co./Organon Foreign Debt Co-Issuer B.V., Sr. Secd. Note, 144A, 6.750%, 5/15/2034 | &nbsp;&nbsp; 7105316 |
| &nbsp;&nbsp; 15900000 | Organon & Co./Organon Foreign Debt Co-Issuer B.V., Sr. Unsecd. Note, 144A, 7.875%, 5/15/2034 | &nbsp;&nbsp; 14255468 |
| &nbsp;&nbsp; 3400000 | Organon Finance 1 LLC, Sr. Secd. Note, 144A, 4.125%, 4/30/2028 | &nbsp;&nbsp; 3220393 |
| &nbsp;&nbsp; 13025000 | Organon Finance 1 LLC, Sr. Unsecd. Note, 144A, 5.125%, 4/30/2031 | &nbsp;&nbsp; 11278616 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 163363424 |
|  | **Restaurant—1.3%** |  |
| &nbsp;&nbsp; 2925000 | 1011778 BC Unltd. Liability Co./New Red Finance, Inc., 144A, 3.875%, 1/15/2028 | &nbsp;&nbsp; 2823733 |
| &nbsp;&nbsp; 56175000 | 1011778 BC Unltd. Liability Co./New Red Finance, Inc., 144A, 4.000%, 10/15/2030 | &nbsp;&nbsp; 52116486 |
| &nbsp;&nbsp; 3900000 | 1011778 BC Unltd. Liability Co./New Red Finance, Inc., 144A, 4.375%, 1/15/2028 | &nbsp;&nbsp; 3815442 |
| &nbsp;&nbsp; 6400000 | 1011778 BC Unltd. Liability Co./New Red Finance, Inc., 144A, 5.625%, 9/15/2029 | &nbsp;&nbsp; 6446195 |
| &nbsp;&nbsp; 6100000 | 1011778 BC Unltd. Liability Co./New Red Finance, Inc., 144A, 6.125%, 6/15/2029 | &nbsp;&nbsp; 6241325 |
| &nbsp;&nbsp; 6050000 | KFC Holding Co./Pizza Hut Holdings LLC/Taco Bell of America LLC, Sr. Unsecd. Note, 144A, 4.750%, 6/1/2027 | &nbsp;&nbsp; 6026741 |
| &nbsp;&nbsp; 3325000 | Yum! Brands, Inc., Sr. Unsecd. Note, 4.625%, 1/31/2032 | &nbsp;&nbsp; 3187533 |
| &nbsp;&nbsp; 3625000 | Yum! Brands, Inc., Sr. Unsecd. Note, 5.375%, 4/1/2032 | &nbsp;&nbsp; 3610483 |
| &nbsp;&nbsp; 8175000 | Yum! Brands, Inc., Sr. Unsecd. Note, 144A, 4.750%, 1/15/2030 | &nbsp;&nbsp; 8067446 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 92335384 |
|  | **Retailers—1.8%** |  |
| &nbsp;&nbsp; 16225000 | Academy Ltd., Sr. Secd. Note, 144A, 6.000%, 11/15/2027 | &nbsp;&nbsp; 16216732 |
| &nbsp;&nbsp; 225000 | Asbury Automotive Group, Inc., Sr. Unsecd. Note, 4.750%, 3/1/2030 | &nbsp;&nbsp; 216250 |
| &nbsp;&nbsp; 16275000 | Asbury Automotive Group, Inc., Sr. Unsecd. Note, 144A, 4.625%, 11/15/2029 | &nbsp;&nbsp; 15649482 |
| &nbsp;&nbsp; 10325000 | Asbury Automotive Group, Inc., Sr. Unsecd. Note, 144A, 5.000%, 2/15/2032 | &nbsp;&nbsp; 9774082 |
| &nbsp;&nbsp; 4450000 | BELRON UK Finance PLC, 144A, 5.750%, 10/15/2029 | &nbsp;&nbsp; 4494544 |
| &nbsp;&nbsp; 8325000 | Gap (The), Inc., Sr. Unsecd. Note, 144A, 3.625%, 10/1/2029 | &nbsp;&nbsp; 7692529 |
| &nbsp;&nbsp; 7900000 | Gap (The), Inc., Sr. Unsecd. Note, 144A, 3.875%, 10/1/2031 | &nbsp;&nbsp; 7059951 |
| &nbsp;&nbsp; 3875000 | Group 1 Automotive, Inc., Sr. Unsecd. Note, 144A, 6.375%, 1/15/2030 | &nbsp;&nbsp; 3954201 |
| &nbsp;&nbsp; 14025000 | Hanesbrands, Inc., Sr. Unsecd. Note, 144A, 9.000%, 2/15/2031 | &nbsp;&nbsp; 14779475 |
| &nbsp;&nbsp; 5525000 | Kontoor Brands, Inc., Sr. Unsecd. Note, 144A, 4.125%, 11/15/2029 | &nbsp;&nbsp; 5148950 |
| &nbsp;&nbsp; 3200000 | LCM Investments Holdings II, LLC, Sr. Unsecd. Note, 144A, 4.875%, 5/1/2029 | &nbsp;&nbsp; 3112260 |
| &nbsp;&nbsp; 26975000 | LCM Investments Holdings II, LLC, Sr. Unsecd. Note, 144A, 8.250%, 8/1/2031 | &nbsp;&nbsp; 28540899 |
| &nbsp;&nbsp; 6225000 | Sally Hldgs. LLC/Sally Capital, Inc., Sr. Unsecd. Note, 6.750%, 3/1/2032 | &nbsp;&nbsp; 6396642 |
| &nbsp;&nbsp; 3175000 | William Carter Co., Sr. Unsecd. Note, 144A, 5.625%, 3/15/2027 | &nbsp;&nbsp; 3152314 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 126188311 |
|  | **Supermarkets—0.6%** |  |
| &nbsp;&nbsp; 6800000 | Albertsons Cos. LLC/SAFEW, Sr. Unsecd. Note, 144A, 3.250%, 3/15/2026 | &nbsp;&nbsp; 6733143 |
| &nbsp;&nbsp; 12775000 | Albertsons Cos. LLC/SAFEW, Sr. Unsecd. Note, 144A, 3.500%, 3/15/2029 | &nbsp;&nbsp; 12061366 |
| &nbsp;&nbsp; 13275000 | Albertsons Cos. LLC/SAFEW, Sr. Unsecd. Note, 144A, 5.875%, 2/15/2028 | &nbsp;&nbsp; 13280854 |
| &nbsp;&nbsp; 2125000 | Albertsons Cos. LLC/SAFEW, Sr. Unsecd. Note, 144A, 6.250%, 3/15/2033 | &nbsp;&nbsp; 2168352 |
| &nbsp;&nbsp; 6100000 | Albertsons Cos. LLC/SAFEW, Sr. Unsecd. Note, 144A, 6.500%, 2/15/2028 | &nbsp;&nbsp; 6201573 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 40445288 |
|  | **Technology—12.5%** |  |
| &nbsp;&nbsp; 23050000 | Amentum Holdings, Inc., Sr. Unsecd. Note, 144A, 7.250%, 8/1/2032 | &nbsp;&nbsp; 23862443 |
| &nbsp;&nbsp; 46650000 | AthenaHealth Group, Inc., Sr. Unsecd. Note, 144A, 6.500%, 2/15/2030 | &nbsp;&nbsp; 45896691 |
| &nbsp;&nbsp; 5900000 | CACI International, Inc., Sr. Unsecd. Note, 144A, 6.375%, 6/15/2033 | &nbsp;&nbsp; 6040367 |
| &nbsp;&nbsp; 23900000 | Capstone Borrower, Inc., Sr. Secd. Note, 144A, 8.000%, 6/15/2030 | &nbsp;&nbsp; 24865082 |
| &nbsp;&nbsp; 14825000 | Centerfield Media Parent, Sr. Note, 144A, 6.625%, 8/1/2026 | &nbsp;&nbsp; 13998801 |
| &nbsp;&nbsp; 3900000 | Ciena Corp., Sr. Unsecd. Note, 144A, 4.000%, 1/31/2030 | &nbsp;&nbsp; 3689629 |
| &nbsp;&nbsp; 44575000 | Clarivate Science Holdings Corp., Sr. Unsecd. Note, 144A, 4.875%, 7/1/2029 | &nbsp;&nbsp; 41782046 |
| &nbsp;&nbsp; 38125000 | Cloud Software Group, Inc., Secured Note, 144A, 9.000%, 9/30/2029 | &nbsp;&nbsp; 39481907 |
| &nbsp;&nbsp; 27025000 | Cloud Software Group, Inc., Sr. Secd. Note, 144A, 6.500%, 3/31/2029 | &nbsp;&nbsp; 27311060 |

---

**10**

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---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br> **or Shares**<br>|  | **Value** |
|  | CORPORATE BONDS—continued |  |
|  | **Technology—continued** |  |
| $12025000 | Cloud Software Group, Inc., Sr. Secd. Note, 144A, 8.250%, 6/30/2032 | &nbsp;&nbsp; $12813611 |
| &nbsp;&nbsp; 19450000 | Coherent Corp., Sr. Unsecd. Note, 144A, 5.000%, 12/15/2029 | &nbsp;&nbsp; 19050596 |
| &nbsp;&nbsp; 15850000 | Consensus Cloud Solutions, Inc., Sr. Unsecd. Note, 144A, 6.000%, 10/15/2026 | &nbsp;&nbsp; 15745421 |
| &nbsp;&nbsp; 23175000 | Consensus Cloud Solutions, Inc., Sr. Unsecd. Note, 144A, 6.500%, 10/15/2028 | &nbsp;&nbsp; 23066553 |
| &nbsp;&nbsp; 8250000 | CoreWeave, Inc., Sr. Unsecd. Note, 144A, 9.000%, 2/1/2031 | &nbsp;&nbsp; 8225138 |
| &nbsp;&nbsp; 21450000 | CoreWeave, Inc., Sr. Unsecd. Note, 144A, 9.250%, 6/1/2030 | &nbsp;&nbsp; 21574430 |
| &nbsp;&nbsp; 25125000 | Elastic N.V., Sr. Unsecd. Note, 144A, 4.125%, 7/15/2029 | &nbsp;&nbsp; 23921352 |
| &nbsp;&nbsp; 1775000 | Ellucian Holdings, Inc., Sr. Secd. Note, 144A, 6.500%, 12/1/2029 | &nbsp;&nbsp; 1802541 |
| &nbsp;&nbsp; 8700000 | Entegris, Inc., Sr. Secd. Note, 144A, 4.750%, 4/15/2029 | &nbsp;&nbsp; 8530087 |
| &nbsp;&nbsp; 13500000 | Entegris, Inc., Sr. Unsecd. Note, 144A, 3.625%, 5/1/2029 | &nbsp;&nbsp; 12679525 |
| &nbsp;&nbsp; 22975000 | Entegris, Inc., Sr. Unsecd. Note, 144A, 5.950%, 6/15/2030 | &nbsp;&nbsp; 23201947 |
| &nbsp;&nbsp; 8500000 | Fair Isaac & Co., Inc., Sr. Unsecd. Note, 144A, 6.000%, 5/15/2033 | &nbsp;&nbsp; 8561162 |
| &nbsp;&nbsp; 16500000 | Fortress Intermediate 3, Inc., Sr. Secd. Note, 144A, 7.500%, 6/1/2031 | &nbsp;&nbsp; 17337094 |
| &nbsp;&nbsp; 8650000 | Gen Digital, Inc., Sr. Unsecd. Note, 144A, 6.250%, 4/1/2033 | &nbsp;&nbsp; 8840110 |
| &nbsp;&nbsp; 24625000 | HealthEquity, Inc., Sr. Unsecd. Note, 144A, 4.500%, 10/1/2029 | &nbsp;&nbsp; 23736050 |
| &nbsp;&nbsp; 2025000 | Helios Software Holdings, Sr. Secd. Note, 144A, 4.625%, 5/1/2028 | &nbsp;&nbsp; 1916495 |
| &nbsp;&nbsp; 9200000 | Insight Enterprises, Inc., Sr. Unsecd. Note, 144A, 6.625%, 5/15/2032 | &nbsp;&nbsp; 9417907 |
| &nbsp;&nbsp; 12875000 | Iron Mountain, Inc., 144A, 6.250%, 1/15/2033 | &nbsp;&nbsp; 13103763 |
| &nbsp;&nbsp; 27650000 | Iron Mountain, Inc., Sr. Unsecd. Note, 144A, 7.000%, 2/15/2029 | &nbsp;&nbsp; 28426025 |
| &nbsp;&nbsp; 69475000 | McAfee Corp., Sr. Unsecd. Note, 144A, 7.375%, 2/15/2030 | &nbsp;&nbsp; 64490454 |
| &nbsp;&nbsp; 3775000 | NCR Atleos Corp., 144A, 9.500%, 4/1/2029 | &nbsp;&nbsp; 4093025 |
| &nbsp;&nbsp; 6800000 | NCR Voyix Corp., Sr. Unsecd. Note, 144A, 5.000%, 10/1/2028 | &nbsp;&nbsp; 6694648 |
| &nbsp;&nbsp; 7025000 | NCR Voyix Corp., Sr. Unsecd. Note, 144A, 5.125%, 4/15/2029 | &nbsp;&nbsp; 6890919 |
| &nbsp;&nbsp; 9050000 | Open Text, Inc., 144A, 6.900%, 12/1/2027 | &nbsp;&nbsp; 9352686 |
| &nbsp;&nbsp; 17450000 | Open Text, Inc., Sr. Unsecd. Note, 144A, 3.875%, 2/15/2028 | &nbsp;&nbsp; 16812368 |
| &nbsp;&nbsp; 5700000 | Open Text, Inc., Sr. Unsecd. Note, 144A, 4.125%, 12/1/2031 | &nbsp;&nbsp; 5193476 |
| &nbsp;&nbsp; 11275000 | Rocket Software, Inc., Sr. Secd. Note, 144A, 9.000%, 11/28/2028 | &nbsp;&nbsp; 11666851 |
| &nbsp;&nbsp; 39925000 | Rocket Software, Inc., Sr. Unsecd. Note, 144A, 6.500%, 2/15/2029 | &nbsp;&nbsp; 38858459 |
| &nbsp;&nbsp; 4350000 | Science Applications International Corp., Sr. Unsecd. Note, 144A, 4.875%, 4/1/2028 | &nbsp;&nbsp; 4291666 |
| &nbsp;&nbsp; 2250000 | Seagate Data Storage Technologh Pte. Ltd., Sr. Unsecd. Note, 144A, 5.875%, 7/15/2030 | &nbsp;&nbsp; 2278579 |
| &nbsp;&nbsp; 1150000 | Seagate Data Storage Technologh Pte. Ltd., Sr. Unsecd. Note, 144A, 8.250%, 12/15/2029 | &nbsp;&nbsp; 1228640 |
| &nbsp;&nbsp; 7300000 | Seagate Data Storage Technologh Pte. Ltd., Sr. Unsecd. Note, 144A, 8.500%, 7/15/2031 | &nbsp;&nbsp; 7727943 |
| &nbsp;&nbsp; 20509000 | Seagate Data Storage Technologh Pte. Ltd., Sr. Unsecd. Note, 144A, 9.625%, 12/1/2032 | &nbsp;&nbsp; 23114583 |
| &nbsp;&nbsp; 3100000 | Sensata Technologies B.V., Sr. Unsecd. Note, 144A, 4.375%, 2/15/2030 | &nbsp;&nbsp; 2970043 |
| &nbsp;&nbsp; 8700000 | Sensata Technologies B.V., Sr. Unsecd. Note, 144A, 5.875%, 9/1/2030 | &nbsp;&nbsp; 8716417 |
| &nbsp;&nbsp; 4450000 | Sensata Technologies, Inc., Sr. Unsecd. Note, 144A, 3.750%, 2/15/2031 | &nbsp;&nbsp; 4064454 |
| &nbsp;&nbsp; 5500000 | Sensata Technologies, Inc., Sr. Unsecd. Note, 144A, 6.625%, 7/15/2032 | &nbsp;&nbsp; 5625763 |
| &nbsp;&nbsp; 6475000 | Shift4 Payments, Inc., Sr. Unsecd. Note, 144A, 6.750%, 8/15/2032 | &nbsp;&nbsp; 6693175 |
| &nbsp;&nbsp; 39775000 | SS&C Technologies, Inc., Sr. Unsecd. Note, 144A, 5.500%, 9/30/2027 | &nbsp;&nbsp; 39816274 |
| &nbsp;&nbsp; 9675000 | SS&C Technologies, Inc., Sr. Unsecd. Note, 144A, 6.500%, 6/1/2032 | &nbsp;&nbsp; 9957491 |
| &nbsp;&nbsp; 13950000 | Synaptics, Inc., Sr. Unsecd. Note, 144A, 4.000%, 6/15/2029 | &nbsp;&nbsp; 13184286 |
| &nbsp;&nbsp; 1775000 | TTM Technologies, Inc., Sr. Unsecd. Note, 144A, 4.000%, 3/1/2029 | &nbsp;&nbsp; 1691054 |
| &nbsp;&nbsp; 46925000 | UKG, Inc., Sr. Secd. Note, 144A, 6.875%, 2/1/2031 | &nbsp;&nbsp; 48205583 |
| &nbsp;&nbsp; 11975000 | Viavi Solutions, Inc., Sr. Unsecd. Note, 144A, 3.750%, 10/1/2029 | &nbsp;&nbsp; 11086683 |
| &nbsp;&nbsp; 5625000 | Zebra Technologies Corp., Sr. Unsecd. Note, 144A, 6.500%, 6/1/2032 | &nbsp;&nbsp; 5770389 |
| &nbsp;&nbsp; 12525000 | ZipRecruiter, Inc., Sr. Unsecd. Note, 144A, 5.000%, 1/15/2030 | &nbsp;&nbsp; 9490677 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 878844419 |
|  | **Transportation Services—0.4%** |  |
| &nbsp;&nbsp; 15225000 | Stena International S.A., Sr. Secd. Note, 144A, 7.250%, 1/15/2031 | &nbsp;&nbsp; 15486642 |
| &nbsp;&nbsp; 12725000 | Watco Cos. LLC/Finance Co., Sr. Unsecd. Note, 144A, 7.125%, 8/1/2032 | &nbsp;&nbsp; 13213958 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 28700600 |
|  | **Utility - Electric—3.3%** |  |
| &nbsp;&nbsp; 13300000 | Calpine Corp., 144A, 4.500%, 2/15/2028 | &nbsp;&nbsp; 13163718 |
| &nbsp;&nbsp; 14650000 | Calpine Corp., Sr. Secd. Note, 144A, 3.750%, 3/1/2031 | &nbsp;&nbsp; 13783423 |

---

**11**

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br> **or Shares**<br>|  | **Value** |
|  | CORPORATE BONDS—continued |  |
|  | **Utility - Electric—continued** |  |
| $7900000 | Calpine Corp., Sr. Unsecd. Note, 144A, 4.625%, 2/1/2029 | &nbsp;&nbsp; $7769271 |
| &nbsp;&nbsp; 7450000 | Calpine Corp., Sr. Unsecd. Note, 144A, 5.000%, 2/1/2031 | &nbsp;&nbsp; 7368457 |
| &nbsp;&nbsp; 9500000 | Calpine Corp., Sr. Unsecd. Note, 144A, 5.125%, 3/15/2028 | &nbsp;&nbsp; 9460356 |
| &nbsp;&nbsp; 6150000 | NRG Energy, Inc., Sr. Unsecd. Note, 144A, 3.375%, 2/15/2029 | &nbsp;&nbsp; 5778231 |
| &nbsp;&nbsp; 6450000 | NRG Energy, Inc., Sr. Unsecd. Note, 144A, 3.625%, 2/15/2031 | &nbsp;&nbsp; 5908812 |
| &nbsp;&nbsp; 2082000 | NRG Energy, Inc., Sr. Unsecd. Note, 144A, 3.875%, 2/15/2032 | &nbsp;&nbsp; 1903788 |
| &nbsp;&nbsp; 7375000 | NRG Energy, Inc., Sr. Unsecd. Note, 144A, 5.250%, 6/15/2029 | &nbsp;&nbsp; 7298035 |
| &nbsp;&nbsp; 775000 | NRG Energy, Inc., Sr. Unsecd. Note, 144A, 5.750%, 7/15/2029 | &nbsp;&nbsp; 772005 |
| &nbsp;&nbsp; 4100000 | NRG Energy, Inc., Sr. Unsecd. Note, 144A, 6.000%, 2/1/2033 | &nbsp;&nbsp; 4114567 |
| &nbsp;&nbsp; 4850000 | NRG Energy, Inc., Sr. Unsecd. Note, 144A, 6.250%, 11/1/2034 | &nbsp;&nbsp; 4918147 |
| &nbsp;&nbsp; 4325000 | NRG Energy, Inc., Sr. Unsecd. Note, Series WI, 5.750%, 1/15/2028 | &nbsp;&nbsp; 4341106 |
| &nbsp;&nbsp; 9875000 | TerraForm Power Operating LLC, Sr. Unsecd. Note, 144A, 4.750%, 1/15/2030 | &nbsp;&nbsp; 9475290 |
| &nbsp;&nbsp; 27175000 | TerraForm Power Operating LLC, Sr. Unsecd. Note, 144A, 5.000%, 1/31/2028 | &nbsp;&nbsp; 26830274 |
| &nbsp;&nbsp; 8350000 | TransAlta Corp., Sr. Unsecd. Note, 7.750%, 11/15/2029 | &nbsp;&nbsp; 8707447 |
| &nbsp;&nbsp; 8750000 | Vistra Operations Co., LLC, Sr. Unsecd. Note, 144A, 5.000%, 7/31/2027 | &nbsp;&nbsp; 8709113 |
| &nbsp;&nbsp; 9650000 | Vistra Operations Co., LLC, Sr. Unsecd. Note, 144A, 5.500%, 9/1/2026 | &nbsp;&nbsp; 9651246 |
| &nbsp;&nbsp; 28825000 | Vistra Operations Co., LLC, Sr. Unsecd. Note, 144A, 5.625%, 2/15/2027 | &nbsp;&nbsp; 28810455 |
| &nbsp;&nbsp; 2425000 | Vistra Operations Co., LLC, Sr. Unsecd. Note, 144A, 6.875%, 4/15/2032 | &nbsp;&nbsp; 2521205 |
| &nbsp;&nbsp; 9425000 | Vistra Operations Co., LLC, Sr. Unsecd. Note, 144A, 7.750%, 10/15/2031 | &nbsp;&nbsp; 9982696 |
| &nbsp;&nbsp; 6625000 | XPLR Infrastructure Operating Partners, LP, Sr. Unsecd. Note, 144A, 4.500%, 9/15/2027 | &nbsp;&nbsp; 6420761 |
| &nbsp;&nbsp; 19900000 | XPLR Infrastructure Operating Partners, LP, Sr. Unsecd. Note, 144A, 7.250%, 1/15/2029 | &nbsp;&nbsp; 20311008 |
| &nbsp;&nbsp; 1275000 | XPLR Infrastructure Operating Partners, LP, Sr. Unsecd. Note, 144A, 8.375%, 1/15/2031 | &nbsp;&nbsp; 1338322 |
| &nbsp;&nbsp; 14625000 | XPLR Infrastructure Operating Partners, LP, Sr. Unsecd. Note, 144A, 8.625%, 3/15/2033 | &nbsp;&nbsp; 15501973 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 234839706 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL CORPORATE BONDS <br>(IDENTIFIED COST $6,925,577,867)<br>| &nbsp;&nbsp; 6787876118 |
|  | COMMON STOCK—0.0% |  |
|  | **Media Entertainment—0.0%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 67353<br><sup>2,3</sup> <br>| Audacy Capital Corp. <br>(IDENTIFIED COST $45,005,284)<br>| &nbsp;&nbsp; 1346387 |
|  | WARRANTS—0.0% |  |
|  | **Media Entertainment—0.0%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 81640<br><sup>2,3</sup> <br>| Audacy Capital Corp., Warrants 9/30/2028 | &nbsp;&nbsp; 817 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13607<br><sup>2,3</sup> <br>| Audacy Capital Corp., Warrants 9/30/2028 | &nbsp;&nbsp; 136 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL WARRANTS <br>(IDENTIFIED COST $27,014)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 953 |
|  | INVESTMENT COMPANY—3.1% |  |
| &nbsp;&nbsp; 219054826 | Federated Hermes Government Obligations Fund, Premier Shares, 4.24%<sup>4</sup> <br>(IDENTIFIED COST $219,054,826)<br>| &nbsp;&nbsp; 219054826 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL INVESTMENT IN SECURITIES—99.5% <br>(IDENTIFIED COST $7,189,664,991)<br>| &nbsp;&nbsp; 7008278284 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; OTHER ASSETS AND LIABILITIES - NET—0.5%<sup>5</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 34296847 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; NET ASSETS—100% | &nbsp;&nbsp; $7042575131 |

---

**12**

------

Transactions with affiliated investment companies, which are funds managed by the Adviser or an affiliate of the Adviser, during the period ended July 31, 2025, were as follows:

---

| | |
|:---|:---|
|  | **Federated Hermes** <br>**Government** <br>**Obligations Fund,** <br>**Premier Shares**<br>|
| Value as of 10/31/2024 | &nbsp;&nbsp; $205105579 |
| Purchases at Cost | &nbsp;&nbsp; $1031747927 |
| Proceeds from Sales | &nbsp;&nbsp; $(1017798680) |
| Change in Unrealized Appreciation/Depreciation | &nbsp;&nbsp; $— |
| Net Realized Gain/(Loss) | &nbsp;&nbsp; $— |
| Value as of 7/31/2025 | &nbsp;&nbsp; $219054826 |
| Shares Held as of 7/31/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 219054826 |
| Dividend Income | &nbsp;&nbsp; $6810797 |

---

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

---

| | |
|:---|:---|
| 1 | *Issuer in default.* |
| 2 | *Non-income-producing security.* |
| 3 | *Market quotations and price evaluations are not available. Fair value determined using significant unobservable inputs in accordance with procedures established* <br> *by and under the supervision of the Fund's Adviser acting through its Valuation Committee.*<br>|
| 4 | *7-day net yield.* |
| 5 | *Assets, other than investments in securities, less liabilities.* |

---

Note: The categories of investments are shown as a percentage of net assets at July 31, 2025.

**Investment Valuation** 

In calculating its net asset value (NAV), the Fund generally values investments as follows:

■ Fixed-income securities are fair valued using price evaluations provided by a pricing service approved by Federated Investment Management Company (the "Adviser").

■ Shares of other mutual funds or non-exchange-traded investment companies are valued based upon their reported NAVs, or NAV per share practical expedient, as applicable.

■ Derivative contracts listed on exchanges are valued at their reported settlement or closing price, except that options are valued at the mean of closing bid and ask quotations.

■ Over-the-counter (OTC) derivative contracts are fair valued using price evaluations provided by a pricing service approved by the Adviser.

■ For securities that are fair valued in accordance with procedures established by and under the general supervision of the Adviser, certain factors may be considered, such as: the last traded or purchase price of the security, information obtained by contacting the issuer or dealers, analysis of the issuer's financial statements or other available documents, fundamental analytical data, the nature and duration of restrictions on disposition, the movement of the market in which the security is normally traded, public trading in similar securities or derivative contracts of the issuer or comparable issuers, movement of a relevant index, or other factors including but not limited to industry changes and relevant government actions.

If any price, quotation, price evaluation or other pricing source is not readily available when the NAV is calculated, if the Fund cannot obtain price evaluations from a pricing service or from more than one dealer for an investment within a reasonable period of time as set forth in the Adviser's valuation policies and procedures for the Fund, or if information furnished by a pricing service, in the opinion of the Adviser's Valuation Committee ("Valuation Committee"), is deemed not representative of the fair value of such security, the Fund uses the fair value of the investment determined in accordance with the procedures described below. There can be no assurance that the Fund could obtain the fair value assigned to an investment if it sold the investment at approximately the time at which the Fund determines its NAV per share, and the actual value obtained could be materially different.

**Fair Valuation and Significant Events Procedures** 

Pursuant to Rule 2a-5 under the Investment Company Act of 1940, the Fund's Board of Trustees (the "Trustees") has designated the Adviser as the Fund's valuation designee to perform any fair value determinations for securities and other assets held by the Fund. The Adviser is subject to the Trustees' oversight and certain reporting and other requirements intended to provide the Trustees the information needed to oversee the Adviser's fair value determinations.

The Adviser, acting through its Valuation Committee, is responsible for determining the fair value of investments for which market quotations are not readily available. The Valuation Committee is comprised of officers of the Adviser and certain of the Adviser's affiliated companies and determines fair value and oversees the calculation of the NAV. The Valuation Committee is also authorized to use pricing services to provide fair value evaluations of the current value of certain investments for purposes of calculating the NAV. The Valuation Committee employs various methods for reviewing third-party pricing-service evaluations including periodic reviews of third-party pricing services' policies, procedures and valuation methods (including key inputs, methods, models and assumptions), transactional back-testing, comparisons of evaluations of different pricing services, and review of price challenges by the Adviser based on recent market activity. In the event that market quotations and price evaluations are not available for an investment, the Valuation Committee determines the fair value of the investment in accordance with procedures adopted by the Adviser. The Trustees periodically review the fair valuations made by the Valuation Committee. The Trustees have also approved the Adviser's fair valuation and significant events procedures as part of the Fund's compliance program and will review any changes made to the procedures.

Factors considered by pricing services in evaluating an investment include the yields or prices of investments of comparable quality, coupon, maturity, call rights and other potential prepayments, terms and type, reported transactions, indications as to values from dealers and general market conditions. Some pricing services provide a single price evaluation reflecting the bid-side of the market for an investment (a "bid" evaluation). Other pricing services offer both bid evaluations and price evaluations indicative of a price between the prices bid and ask for the investment (a "mid" evaluation). The Fund normally uses bid evaluations for any U.S. Treasury and Agency

**13**

------

securities, mortgage-backed securities and municipal securities. The Fund normally uses mid evaluations for any other types of fixed-income securities and any OTC derivative contracts. In the event that market quotations and price evaluations are not available for an investment, the fair value of the investment is determined in accordance with procedures adopted by the Adviser.

The Adviser has also adopted procedures requiring an investment to be priced at its fair value whenever the Valuation Committee determines that a significant event affecting the value of the investment has occurred between the time as of which the price of the investment would otherwise be determined and the time as of which the NAV is computed. An event is considered significant if there is both an affirmative expectation that the investment's value will change in response to the event and a reasonable basis for quantifying the resulting change in value. Examples of significant events that may occur after the close of the principal market on which a security is traded, or after the time of a price evaluation provided by a pricing service or a dealer, include:

■ With respect to securities traded principally in foreign markets, significant trends in U.S. equity markets or in the trading of foreign securities index futures contracts;

■ Political or other developments affecting the economy or markets in which an issuer conducts its operations or its securities are traded;

■ Announcements concerning matters such as acquisitions, recapitalizations, litigation developments, or a natural disaster affecting the issuer's operations or regulatory changes or market developments affecting the issuer's industry.

The Adviser has adopted procedures whereby the Valuation Committee uses a pricing service to provide factors to update the fair value of equity securities traded principally in foreign markets from the time of the close of their respective foreign stock exchanges to the pricing time of the Fund. For other significant events, the Fund may seek to obtain more current quotations or price evaluations from alternative pricing sources. If a reliable alternative pricing source is not available, the Valuation Committee will determine the fair value of the investment in accordance with the fair valuation procedures approved by the Adviser. The Trustees periodically review fair valuations made in response to significant events.

Various inputs are used in determining the value of the Fund's investments. These inputs are summarized in the three broad levels listed below:

Level 1—quoted prices in active markets for identical securities.

Level 2—other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.). Also includes securities valued at amortized cost.

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

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>The following is a summary of the inputs used, as of July 31, 2025, in valuing the Fund's assets carried at fair value:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Valuation Inputs** | **Valuation Inputs** | **Valuation Inputs** | **Valuation Inputs** | **Valuation Inputs** |
|  | **Level 1—** <br>**Quoted** <br>**Prices**<br>| **Level 2—** <br>**Other** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3—** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>| **Total** |
| **Debt Securities:** |  |  |  |  |
| Corporate Bonds | &nbsp;&nbsp; $— | &nbsp;&nbsp; $6787876118 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $6787876118 |
| **Equity Security:** |  |  |  |  |
| Common Stock |  |  |  |  |
| &nbsp;&nbsp; Domestic | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; 1346387 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1346387 |
| **Warrants** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 953 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 953 |
| **Investment Company** | &nbsp;&nbsp; 219054826 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 219054826 |
| &nbsp;&nbsp;&nbsp;&nbsp; TOTAL SECURITIES | &nbsp;&nbsp; $219054826 | &nbsp;&nbsp; $6787876118 | &nbsp;&nbsp; $1347340 | &nbsp;&nbsp; $7008278284 |

---

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

The following acronym(s) are used throughout this portfolio: <br> GMTN —Global Medium Term Note <br> PIK —Payment in Kind

**14**

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Federated Hermes Institutional Trust

- **b. Investment Company Act file number:** 811-07193

- **c. CIK number of Registrant:** 0000925723

- **d. LEI of Registrant:** 2549002CIMJQ7MNS8F06

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

  - **Street Address 1:** Federated Hermes Funds

  - **City:** Warrendale

  - **State:** PA

  - **Foreign country:** US

  - **Zip / Postal Code:** 15086-7561

  - **Telephone number:** 8003417400

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

- **a. Name of Series:** Federated Hermes Institutional High Yield Bond Fund

- **b. EDGAR series identifier (if any):** S000010934

- **c. LEI of Series:** UFXPUD68LVN5P97NGY16

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

- **a. Date of fiscal year-end:** 2025-10-31

- **b. Date as of which information is reported:** 2025-07-31

**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:** $7122059265.39

**Total Liabilities:** $101325019.27

**Net Assets:** $7020734246.12

**Delayed Delivery Securities:** $57525000.00

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -4166.245366000000 | **1-Year:** -27374.319828000000 | **5-Year:** -44873.975450000000 | **10-Year:** -3822.903299000000 | **30-Year:** 0.000000000000

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

- **3-Month:** -31052.665738000000 | **1-Year:** -538117.804370000000 | **5-Year:** -973357.901995000000 | **10-Year:** -148162.677264000000 | **30-Year:** -75.154610000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000030278 | 1.49%                | 1.70%                | 0.25%                |
| Class ID C000170849 | 1.61%                | 1.59%                | 0.25%                |
| Class ID C000240309 | 1.47%                | 1.57%                | 0.23%                |
| Class ID C000240310 | 1.41%                | 1.51%                | 0.27%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-24098373.75            | $99539296.25                               |
| Month 2  | $-9662244.68             | $92317954.82                               |
| Month 3  | $-13017959.14            | $-2309331.89                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| AMYNTA AGENCY/WARRANTY                       | Amynta Agency Borrower Inc and Amynta Warranty Borrower Inc                     | CUSIP: 03238AAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  11675000 | PA      | $11719995.22  | 0.17%             | 2033-07-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| Aramark Services Inc                         | Aramark Services Inc                                                            | CUSIP: 038522AQ1<br>LEI: 42YMHYH0XMHJEXDUB065 | Long             | DBT              | CORP              | US        |   1175000 | PA      | $1164675.65   | 0.02%             | 2028-02-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYS                     | CHS/Community Health Systems Inc                                                | CUSIP: 12543DBH2<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |   3375000 | PA      | $3210772.50   | 0.05%             | 2029-01-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                             | CSC Holdings LLC                                                                | CUSIP: 126307BD8<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |   8825000 | PA      | $4136516.66   | 0.06%             | 2030-12-01      | Fixed         | 4.63%                 | Yes           |                  2 | On Loan: No      |
| EXPAND ENERGY CORP                           | Chesapeake Energy Corp                                                          | CUSIP: 165167DG9<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | DBT              | CORP              | US        |   1600000 | PA      | $1606329.60   | 0.02%             | 2029-02-01      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| ENPRO INC                                    | Enpro Inc                                                                       | CUSIP: 29355XAH0<br>LEI: 549300Y5CFT2LKCFDN54 | Long             | DBT              | CORP              | US        |   3925000 | PA      | $3969650.80   | 0.06%             | 2033-06-01      | Fixed         | 6.13%                 | Yes           |                  2 | On Loan: No      |
| ENTEGRIS INC                                 | Entegris Escrow Corp                                                            | CUSIP: 29365BAB9<br>LEI: IYX6OWO7BT5DKO3BYG52 | Long             | DBT              | CORP              | US        |  22975000 | PA      | $23201947.05  | 0.33%             | 2030-06-15      | Fixed         | 5.95%                 | Yes           |                  2 | On Loan: No      |
| LAMAR MEDIA CORP                             | Lamar Media Corp                                                                | CUSIP: 513075BT7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1899381.40   | 0.03%             | 2030-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                               | NRG Energy Inc                                                                  | CUSIP: 629377CY6<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    775000 | PA      | $772004.63    | 0.01%             | 2029-07-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Navient Corp                                 | Navient Corp                                                                    | CUSIP: 63938CAJ7<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |   6400000 | PA      | $6468537.60   | 0.09%             | 2026-06-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| SUBURBAN PROPANE PARTNRS                     | Suburban Propane Partners LP/Suburban Energy Finance Corp                       | CUSIP: 864486AL9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  28000000 | PA      | $26320719.60  | 0.37%             | 2031-06-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| SUNRISE FINCO I BV                           | UPC Broadband Finco BV                                                          | CUSIP: 90320BAA7<br>LEI: 213800MNFBDEQRS6HZ22 | Long             | DBT              | CORP              | NL        |  37675000 | PA      | $35550695.13  | 0.51%             | 2031-07-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| USI INC/NY                                   | USI Inc/NY                                                                      | CUSIP: 90346KAB5<br>LEI: 2549006D7UF7072T7I27 | Long             | DBT              | CORP              | US        |  50750000 | PA      | $53645642.75  | 0.76%             | 2032-01-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| WHITE CAP BUYER LLC                          | White Cap Buyer LLC                                                             | CUSIP: 96350RAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  28675000 | PA      | $28622097.49  | 0.41%             | 2028-10-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| YUM! BRANDS INC                              | Yum! Brands Inc                                                                 | CUSIP: 988498AL5<br>LEI: 549300JE8XHZZ7OHN517 | Long             | DBT              | CORP              | US        |   8175000 | PA      | $8067446.43   | 0.11%             | 2030-01-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| ALLIANT HOLD / CO-ISSUER                     | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer                  | CUSIP: 01883LAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   7050000 | PA      | $7062006.15   | 0.10%             | 2027-10-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| CP ATLAS BUYER INC                           | CP Atlas Buyer Inc                                                              | CUSIP: 12597YAC3<br>LEI: 2549006ZZ07G0NDDCR36 | Long             | DBT              | CORP              | US        |   4225000 | PA      | $4265940.25   | 0.06%             | 2030-07-15      | Fixed         | 9.75%                 | Yes           |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                             | CSC Holdings LLC                                                                | CUSIP: 126307BB2<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |  24400000 | PA      | $16428415.32  | 0.23%             | 2030-12-01      | Fixed         | 4.13%                 | Yes           |                  2 | On Loan: No      |
| ESC CB CHESAPEAKE ENER                       | ESC CB CHESAPEAKE ENER 03/23 5.75                                               | CUSIP: 165ESCAD6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1900000 | PA      | $7410.00      | 0.00%             | 2023-03-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| EQT CORP                                     | EQT Corp                                                                        | CUSIP: 26884LBC2<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | DBT              | CORP              | US        |  13700000 | PA      | $13503190.46  | 0.19%             | 2031-01-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| EMRLD BOR / EMRLD CO-ISS                     | Emerald Debt Merger Sub LLC                                                     | CUSIP: 29103CAA6<br>LEI: 98450099EE3A0ZD5F786 | Long             | DBT              | CORP              | US        |  41025000 | PA      | $41880740.48  | 0.60%             | 2030-12-15      | Fixed         | 6.63%                 | Yes           |                  2 | On Loan: No      |
| Ford Motor Credit Co LLC                     | Ford Motor Credit Co LLC                                                        | CUSIP: 345397XU2<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |  27250000 | PA      | $27184494.27  | 0.39%             | 2026-01-08      | Fixed         | 4.39%                 | No            |                  2 | On Loan: No      |
| HILTON DOMESTIC OPERATIN                     | Hilton Domestic Operating Co Inc                                                | CUSIP: 432833AR2<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |  10950000 | PA      | $11040545.55  | 0.16%             | 2033-03-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| ILLUMINATE BUYER/HLDG                        | Illuminate Buyer LLC / Illuminate Holdings IV Inc                               | CUSIP: 45232TAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  18975000 | PA      | $19001280.38  | 0.27%             | 2028-07-01      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| IQVIA INC                                    | IQVIA Inc                                                                       | CUSIP: 46266TAD0<br>LEI: 549300PLWY28YB00C717 | Long             | DBT              | CORP              | US        |   2550000 | PA      | $2631102.75   | 0.04%             | 2030-05-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| IRON MOUNTAIN INC                            | Iron Mountain Inc                                                               | CUSIP: 46284VAQ4<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              |  | US        |  12875000 | PA      | $13103763.00  | 0.19%             | 2033-01-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| LAMAR MEDIA CORP                             | Lamar Media Corp                                                                | CUSIP: 513075BW0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   8850000 | PA      | $8699185.38   | 0.12%             | 2029-01-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| MGM RESORTS INTL                             | MGM Resorts International                                                       | CUSIP: 552953CJ8<br>LEI: 54930066VBP7DZEGGJ87 | Long             | DBT              | CORP              | US        |  22325000 | PA      | $22690073.58  | 0.32%             | 2032-04-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| MADISON IAQ LLC                              | Madison IAQ LLC                                                                 | CUSIP: 55760LAB3<br>LEI: 549300IXDNBXNHUPBU73 | Long             | DBT              | CORP              | US        |  53725000 | PA      | $52355125.32  | 0.75%             | 2029-06-30      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| MATCH GROUP HLD II LLC                       | Match Group Inc                                                                 | CUSIP: 57665RAN6<br>LEI: 5493003RFFE030RC9167 | Long             | DBT              | CORP              | US        |  12600000 | PA      | $12321548.82  | 0.18%             | 2028-06-01      | Fixed         | 4.63%                 | Yes           |                  2 | On Loan: No      |
| NABORS INDUSTRIES LTD                        | Nabors Industries Ltd                                                           | CUSIP: 629571AB6<br>LEI: 5493008TXYN3II3PU369 | Long             | DBT              | CORP              | BM        |  11625000 | PA      | $10738482.15  | 0.15%             | 2028-01-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| QUIKRETE HOLDINGS INC                        | Quikrete Holdings Inc                                                           | CUSIP: 74843PAA8<br>LEI: 5493007KIN86DIZWZT22 | Long             | DBT              | CORP              | US        |  13300000 | PA      | $13649125.00  | 0.19%             | 2032-03-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| ROCKET SOFTWARE INC                          | Rocket Software Inc                                                             | CUSIP: 77314EAA6<br>LEI: 549300PVG26ISP5X1556 | Long             | DBT              | CORP              | US        |  39925000 | PA      | $38858459.52  | 0.55%             | 2029-02-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| EXPAND ENERGY CORP                           | Southwestern Energy Co                                                          | CUSIP: 845467AT6<br>LEI: EFWMP121W54QV9MGOP87 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $3888050.40   | 0.06%             | 2032-02-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| AMERICAN AIRLINES/AADVAN                     | American Airlines Inc/AAdvantage Loyalty IP Ltd                                 | CUSIP: 00253XAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |   4893750 | PA      | $4892346.42   | 0.07%             | 2026-04-20      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| AETHON UN/AETHIN UN FIN                      | Aethon United BR LP / Aethon United Finance Corp                                | CUSIP: 00810GAD6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  17800000 | PA      | $18665364.80  | 0.27%             | 2029-10-01      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| ALBERTSONS COS/SAFEWAY                       | Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC           | CUSIP: 013092AG6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  12775000 | PA      | $12061365.51  | 0.17%             | 2029-03-15      | Fixed         | 3.50%                 | Yes           |                  2 | On Loan: No      |
| ALLIANT HOLD / CO-ISSUER                     | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer                  | CUSIP: 01883LAF0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  22125000 | PA      | $22769434.88  | 0.32%             | 2031-01-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| ALLIED UNIVERSAL                             | Allied Universal Holdco LLC / Allied Universal Finance Corp                     | CUSIP: 019576AC1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  28725000 | PA      | $27982076.71  | 0.40%             | 2029-06-01      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| AMWINS GROUP INC                             | AmWINS Group Inc                                                                | CUSIP: 031921AB5<br>LEI: 549300SJE7MUB8NMRG61 | Long             | DBT              | CORP              | US        |  34800000 | PA      | $33829988.28  | 0.48%             | 2029-06-30      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| ARDAGH PKG FIN/HLDGS USA                     | Ardagh Packaging Finance PLC / Ardagh Holdings USA Inc                          | CUSIP: 03969AAP5<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |  26100000 | PA      | $12553578.00  | 0.18%             | 2027-08-15      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| ASBURY AUTOMOTIVE GROUP                      | Asbury Automotive Group Inc                                                     | CUSIP: 043436AV6<br>LEI: 549300JH4DTA7U42GL91 | Long             | DBT              | CORP              | US        |    225000 | PA      | $216250.00    | 0.00%             | 2030-03-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ASBURY AUTOMOTIVE GROUP                      | Asbury Automotive Group Inc                                                     | CUSIP: 043436AW4<br>LEI: 549300JH4DTA7U42GL91 | Long             | DBT              | CORP              | US        |  16275000 | PA      | $15649481.77  | 0.22%             | 2029-11-15      | Fixed         | 4.63%                 | Yes           |                  2 | On Loan: No      |
| ASCENT RESOURCES/ARU FIN                     | Ascent Resources Utica Holdings LLC / ARU Finance Corp                          | CUSIP: 04364VAU7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   8625000 | PA      | $8601132.90   | 0.12%             | 2029-06-30      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| ASCENT RESOURCES/ARU FIN                     | Ascent Resources Utica Holdings LLC / ARU Finance Corp                          | CUSIP: 04364VAX1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4925000 | PA      | $5013955.35   | 0.07%             | 2032-10-15      | Fixed         | 6.63%                 | Yes           |                  2 | On Loan: No      |
| AVANTOR FUNDING INC                          | Avantor Funding Inc                                                             | CUSIP: 05352TAA7<br>LEI: 5493003VM0XB4U8YD238 | Long             | DBT              | CORP              | US        |  32350000 | PA      | $31650373.02  | 0.45%             | 2028-07-15      | Fixed         | 4.63%                 | Yes           |                  2 | On Loan: No      |
| AXALTA COATING SYSTEMS D                     | Axalta Coating Systems Dutch Holding B BV                                       | CUSIP: 05455JAA5<br>LEI: 5493007DMEBZH3CQ5E51 | Long             | DBT              | CORP              | NL        |   5275000 | PA      | $5492256.15   | 0.08%             | 2031-02-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| BALDWIN INSUR GRP/FIN                        | Baldwin Insurance Group Holdings LLC / Baldwin Insurance Group Holdings Finance | CUSIP: 05825XAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  27525000 | PA      | $28442683.50  | 0.41%             | 2031-05-15      | Fixed         | 7.13%                 | Yes           |                  2 | On Loan: No      |
| BAUSCH HEALTH COS INC                        | Bausch Health Cos Inc                                                           | CUSIP: 071734AJ6<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | DBT              | CORP              | CA        |   3850000 | PA      | $2479727.25   | 0.04%             | 2030-01-30      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| BAUSCH HEALTH COS INC                        | Bausch Health Cos Inc                                                           | CUSIP: 071734AN7<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | DBT              | CORP              | CA        |  16875000 | PA      | $14951756.25  | 0.21%             | 2028-06-01      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| BLUE RACER MID LLC/FINAN                     | Blue Racer Midstream LLC / Blue Racer Finance Corp                              | CUSIP: 095796AJ7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4575000 | PA      | $4748140.88   | 0.07%             | 2029-07-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| CHURCHILL DOWNS INC                          | Churchill Downs Inc                                                             | CUSIP: 12511VAA6<br>LEI: 529900FODTBQC8MIS994 | Long             | DBT              | CORP              | US        |   5825000 | PA      | $5814953.62   | 0.08%             | 2030-04-01      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| CNX RESOURCES CORP                           | CNX Resources Corp                                                              | CUSIP: 12653CAL2<br>LEI: 549300JK3KH8PWM3B226 | Long             | DBT              | CORP              | US        |   3150000 | PA      | $3250614.15   | 0.05%             | 2032-03-01      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| CCM MERGER INC                               | CCM Merger Inc                                                                  | CUSIP: 14985VAE1<br>LEI: 549300P77RSBKKFME089 | Long             | DBT              | CORP              | US        |   7975000 | PA      | $7978253.80   | 0.11%             | 2026-05-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| CLEVELAND-CLIFFS INC                         | Cleveland-Cliffs Inc                                                            | CUSIP: 185899AQ4<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |   4300000 | PA      | $4305921.10   | 0.06%             | 2029-11-01      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| CLYDESDALE ACQUISITION                       | Clydesdale Acquisition Holdings Inc                                             | CUSIP: 18972EAB1<br>LEI: 254900QKSDYFR3K5YD98 | Long             | DBT              | CORP              | US        |  29675000 | PA      | $30312649.57  | 0.43%             | 2030-04-15      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| CONSENSUS CLOUD SOLUTION                     | Consensus Cloud Solutions Inc                                                   | CUSIP: 20848VAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  15850000 | PA      | $15745420.75  | 0.22%             | 2026-10-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| ELEMENT SOLUTIONS INC                        | Element Solutions Inc                                                           | CUSIP: 28618MAA4<br>LEI: 549300FLGN6P5CU20J91 | Long             | DBT              | CORP              | US        |  17475000 | PA      | $16849980.41  | 0.24%             | 2028-09-01      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| ENERGIZER HOLDINGS INC                       | Energizer Holdings Inc                                                          | CUSIP: 29272WAC3<br>LEI: 5493000D6NN0V57UME20 | Long             | DBT              | CORP              | US        |  20050000 | PA      | $19503352.79  | 0.28%             | 2028-06-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                     | Ford Motor Credit Co LLC                                                        | CUSIP: 345397B77<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   9150000 | PA      | $8925582.89   | 0.13%             | 2026-08-10      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| FOUNDATION BUILDING M                        | Foundation Building Materials Inc                                               | CUSIP: 350392AA4<br>LEI: 549300ZVE6MONHB01I28 | Long             | DBT              | CORP              | US        |  39475000 | PA      | $37060164.25  | 0.53%             | 2029-03-01      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| GRAPHIC PACKAGING INTERN                     | Graphic Packaging International LLC                                             | CUSIP: 38869AAC1<br>LEI: SO75N4VY5NXGQSK8YQ65 | Long             | DBT              | CORP              | US        |  13475000 | PA      | $12644820.07  | 0.18%             | 2029-03-01      | Fixed         | 3.50%                 | Yes           |                  2 | On Loan: No      |
| HF SINCLAIR CORP                             | HF Sinclair Corp                                                                | CUSIP: 403949AQ3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  19150000 | PA      | $19107311.39  | 0.27%             | 2028-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HESS MIDSTREAM OPERATION                     | Hess Midstream Operations LP                                                    | CUSIP: 428102AH0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2750000 | PA      | $2797346.75   | 0.04%             | 2028-03-01      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| IQVIA Inc                                    | IQVIA Inc                                                                       | CUSIP: 449934AD0<br>LEI: 549300PLWY28YB00C717 | Long             | DBT              | CORP              | US        |   8350000 | PA      | $8335776.28   | 0.12%             | 2026-10-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| JB POINDEXTER & CO INC                       | JB Poindexter & Co Inc                                                          | CUSIP: 465965AC5<br>LEI: 549300W6P81HOZZGPQ16 | Long             | DBT              | CORP              | US        |  18575000 | PA      | $19020568.00  | 0.27%             | 2031-12-15      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| JAZZ SECURITIES DAC                          | Jazz Securities DAC                                                             | CUSIP: 47216FAA5<br>LEI: 6354009DV8VV7K6KOO02 | Long             | DBT              | CORP              | IE        |  15175000 | PA      | $14691697.50  | 0.21%             | 2029-01-15      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| JONES DESLAURIERS INSURA                     | Jones Deslauriers Insurance Management Inc                                      | CUSIP: 48020RAA3<br>LEI: 549300JQIWNFU00E5424 | Long             | DBT              | CORP              | CA        |  24950000 | PA      | $26537518.60  | 0.38%             | 2030-12-15      | Fixed         | 10.50%                | Yes           |                  2 | On Loan: No      |
| KFC HLD/PIZZA HUT/TACO                       | KFC Holding Co/Pizza Hut Holdings LLC/Taco Bell of America LLC                  | CUSIP: 48250NAC9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   6050000 | PA      | $6026741.08   | 0.09%             | 2027-06-01      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| MGM RESORTS INTL                             | MGM Resorts International                                                       | CUSIP: 552953CK5<br>LEI: 54930066VBP7DZEGGJ87 | Long             | DBT              | CORP              | US        |  12575000 | PA      | $12755237.48  | 0.18%             | 2029-09-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| MAUSER PACKAGING SOLUT                       | Mauser Packaging Solutions Holding Co                                           | CUSIP: 57763RAC1<br>LEI: 549300DNGHXL0OMHW304 | Long             | DBT              | CORP              | US        |   9000000 | PA      | $8916259.50   | 0.13%             | 2027-04-15      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| MAUSER PACKAGING SOLUT                       | Mauser Packaging Solutions Holding Co                                           | CUSIP: 57763RAD9<br>LEI: 549300DNGHXL0OMHW304 | Long             | DBT              | CORP              | US        |  12700000 | PA      | $12826695.20  | 0.18%             | 2027-04-15      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| ARD FINANCE SA                               | ARD Finance SA                                                                  | CUSIP: 00191AAD8<br>LEI: 6354006P6QPGGPVJW880 | Long             | DBT              | CORP              | LU        |  30994948 | PA      | $2305249.26   | 0.03%             | 2027-06-30      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| AMERICAN AIRLINES/AADVAN                     | American Airlines Inc/AAdvantage Loyalty IP Ltd                                 | CUSIP: 00253XAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |   2125000 | PA      | $2125604.56   | 0.03%             | 2029-04-20      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| MAXAM PRILL SARL                             | Maxam Prill Sarl                                                                | CUSIP: 57779MAA8<br>LEI: 984500C4C5B820A6B691 | Long             | DBT              | CORP              | LU        |  22175000 | PA      | $21701985.08  | 0.31%             | 2030-07-15      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| ATHENAHEALTH GROUP INC                       | Minerva Merger Sub Inc                                                          | CUSIP: 60337JAA4<br>LEI: 254900AA3KZN4Q7A5Z33 | Long             | DBT              | CORP              | US        |  46650000 | PA      | $45896691.14  | 0.65%             | 2030-02-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| MOLINA HEALTHCARE INC                        | Molina Healthcare Inc                                                           | CUSIP: 60855RAM2<br>LEI: 549300NQQCEQ46YHZ591 | Long             | DBT              | CORP              | US        |  10125000 | PA      | $10002216.15  | 0.14%             | 2033-01-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Federated Hermes Government Obligations Fund | Federated Hermes Government Obligations Fund                                    | CUSIP: 608919718<br>LEI: 254900VAJ9169N7JRF45 | Long             | STIV             | RF                | US        | 219054826 | NS      | $219054826.29 | 3.12%             |  |  |  | No            |                  1 | On Loan: No      |
| NCR VOYIX CORP                               | NCR Corp                                                                        | CUSIP: 62886EAY4<br>LEI: 549300YKTY8JX1DV2R67 | Long             | DBT              | CORP              | US        |   6800000 | PA      | $6694647.60   | 0.10%             | 2028-10-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| NABORS INDUSTRIES INC                        | Nabors Industries Inc                                                           | CUSIP: 62957HAQ8<br>LEI: 549300VFQWRKICUFNU92 | Long             | DBT              | CORP              | US        |   6000000 | PA      | $4816074.00   | 0.07%             | 2031-08-15      | Fixed         | 8.88%                 | Yes           |                  2 | On Loan: No      |
| NAVIENT CORP                                 | Navient Corp                                                                    | CUSIP: 63938CAK4<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |   8050000 | PA      | $7967604.71   | 0.11%             | 2027-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ORGANON & CO/ORGANON FOR                     | Organon & Co / Organon Foreign Debt Co-Issuer BV                                | CUSIP: 68622FAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   7525000 | PA      | $7105315.70   | 0.10%             | 2034-05-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| ORGANON & CO/ORGANON FOR                     | Organon Finance 1 LLC                                                           | CUSIP: 68622TAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3400000 | PA      | $3220392.65   | 0.05%             | 2028-04-30      | Fixed         | 4.13%                 | Yes           |                  2 | On Loan: No      |
| ORGANON & CO/ORGANON FOR                     | Organon Finance 1 LLC                                                           | CUSIP: 68622TAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  13025000 | PA      | $11278615.68  | 0.16%             | 2031-04-30      | Fixed         | 5.13%                 | Yes           |                  2 | On Loan: No      |
| CLARIOS GLOBAL LP/US FIN                     | Panther BF Aggregator 2 LP / Panther Finance Co Inc                             | CUSIP: 69867DAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |  77850000 | PA      | $78469997.40  | 1.12%             | 2027-05-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| PANTHER ESCROW ISSUER                        | Panther Escrow Issuer LLC                                                       | CUSIP: 69867RAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  52200000 | PA      | $54013292.28  | 0.77%             | 2031-06-01      | Fixed         | 7.13%                 | Yes           |                  2 | On Loan: No      |
| ACADEMY LTD                                  | Academy Ltd                                                                     | CUSIP: 00401YAA8<br>LEI: 549300BN53IR80C35Z14 | Long             | DBT              | CORP              | US        |  16225000 | PA      | $16216731.74  | 0.23%             | 2027-11-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| ACRISURE LLC / FIN INC                       | Acrisure LLC / Acrisure Finance Inc                                             | CUSIP: 00489LAL7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  21050000 | PA      | $21760205.95  | 0.31%             | 2030-11-06      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| ACRISURE LLC / FIN INC                       | Acrisure LLC / Acrisure Finance Inc                                             | CUSIP: 004961AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3039386.40   | 0.04%             | 2032-07-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| ADIENT GLOBAL HOLDINGS                       | ADIENT GLOBAL HOLDINGS LTD                                                      | CUSIP: 00687YAD7<br>LEI: 213800VA38VCKE6M8790 | Long             | DBT              | CORP              | JE        |  11450000 | PA      | $11683820.45  | 0.17%             | 2033-02-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| QXO BUILDING PRODUCTS                        | Beacon Roofing Supply Inc                                                       | CUSIP: 74825NAA5<br>LEI: 549300HDXQWWCBOYXP31 | Long             | DBT              | CORP              | US        |  21100000 | PA      | $21780981.40  | 0.31%             | 2032-04-30      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| ROCKETMTGE CO-ISSUER INC                     | Quicken Loans LLC / Quicken Loans Co-Issuer Inc                                 | CUSIP: 74841CAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  18475000 | PA      | $17059301.40  | 0.24%             | 2031-03-01      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| AFFINITY INTERACTIVE                         | Affinity Gaming                                                                 | CUSIP: 00842XAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  15400000 | PA      | $8497566.00   | 0.12%             | 2027-12-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| ALBERTSONS COS/SAFEWAY                       | Albertsons Cos LLC / Safeway Inc / New Albertsons LP / Albertson's LLC          | CUSIP: 013092AB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  13275000 | PA      | $13280854.28  | 0.19%             | 2028-02-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| RHP HOTEL PPTY/RHP FINAN                     | RHP Hotel Properties LP / RHP Finance Corp                                      | CUSIP: 749571AJ4<br>LEI: N/A                  | Long             | DBT              |  | US        |   5900000 | PA      | $6088717.40   | 0.09%             | 2028-07-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| RANGE RESOURCES CORP                         | Range Resources Corp                                                            | CUSIP: 75281ABK4<br>LEI: H3Y3WLYCX0BTO1TRW162 | Long             | DBT              | CORP              | US        |   5500000 | PA      | $5351165.60   | 0.08%             | 2030-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES                      | Royal Caribbean Cruises Ltd                                                     | CUSIP: 780153BW1<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |   6650000 | PA      | $6701916.55   | 0.10%             | 2031-09-30      | Fixed         | 5.63%                 | Yes           |                  2 | On Loan: No      |
| SM Energy Co                                 | SM Energy Co                                                                    | CUSIP: 78454LAN0<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | DBT              | CORP              | US        |   8325000 | PA      | $8350341.30   | 0.12%             | 2026-09-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| SS&C Technologies Inc                        | SS&C Technologies Inc                                                           | CUSIP: 78466CAC0<br>LEI: 549300KY09TR3J12JU49 | Long             | DBT              | CORP              | US        |  39775000 | PA      | $39816274.52  | 0.57%             | 2027-09-30      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| SS&C TECHNOLOGIES INC                        | SS&C Technologies Inc                                                           | CUSIP: 78466CAD8<br>LEI: 549300KY09TR3J12JU49 | Long             | DBT              | CORP              | US        |   9675000 | PA      | $9957490.65   | 0.14%             | 2032-06-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| SEAGATE DATA STORAGE TECH                    | SEAGATE DATA STORAGE TECH                                                       | CUSIP: 81180LAR6<br>LEI: N/A                  | Long             | DBT              | CORP              | SG        |  20509000 | PA      | $23114582.93  | 0.33%             | 2032-12-01      | Fixed         | 9.63%                 | Yes           |                  2 | On Loan: No      |
| SENSATA TECHNOLOGIES INC                     | Sensata Technologies Inc                                                        | CUSIP: 81728UAC8<br>LEI: 5493002MMDDCUNV7NY90 | Long             | DBT              | CORP              | US        |   5500000 | PA      | $5625763.00   | 0.08%             | 2032-07-15      | Fixed         | 6.63%                 | Yes           |                  2 | On Loan: No      |
| SINCLAIR TELEVISION GROU                     | Sinclair Television Group Inc                                                   | CUSIP: 829259AY6<br>LEI: 549300CQGEN0CH65UD62 | Long             | DBT              | CORP              | US        |   8175000 | PA      | $6787743.38   | 0.10%             | 2030-03-01      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| SINCLAIR TELEVISION GROU                     | Sinclair Television Group Inc                                                   | CUSIP: 829259BF6<br>LEI: 549300CQGEN0CH65UD62 | Long             | DBT              | CORP              | US        |   2775000 | PA      | $2072120.25   | 0.03%             | 2032-12-31      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| STANDARD INDUSTRI INC/NY                     | Standard Industries Inc/NJ                                                      | CUSIP: 853496AH0<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |   5925000 | PA      | $5298075.16   | 0.08%             | 2031-01-15      | Fixed         | 3.38%                 | Yes           |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                        | TENET HEALTHCARE CORP                                                           | CUSIP: 88033GDS6<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |  16275000 | PA      | $16296059.85  | 0.23%             | 2027-02-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                        | Tenet Healthcare Corp                                                           | CUSIP: 88033GDU1<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |   5675000 | PA      | $5843632.63   | 0.08%             | 2031-05-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| UNIVISION COMMUNICATIONS                     | Univision Communications Inc                                                    | CUSIP: 914906AV4<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |  12375000 | PA      | $11461236.19  | 0.16%             | 2029-05-01      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| UNIVISION COMMUNICATIONS                     | Univision Communications Inc                                                    | CUSIP: 914906AX0<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |  11525000 | PA      | $11473079.88  | 0.16%             | 2030-06-30      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| USA COM PART/USA COM FIN                     | USA Compression Partners LP / USA Compression Finance Corp                      | CUSIP: 91740PAG3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  18225000 | PA      | $18642868.09  | 0.27%             | 2029-03-15      | Fixed         | 7.13%                 | Yes           |                  2 | On Loan: No      |
| VIRGIN MEDIA FINANCE PLC                     | Virgin Media Finance PLC                                                        | CUSIP: 92769VAJ8<br>LEI: 2138001LVYC87DDHT482 | Long             | DBT              | CORP              | GB        |  13875000 | PA      | $12521536.76  | 0.18%             | 2030-07-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| VIRGIN MEDIA VEND FIN IV                     | Dolya Holdco 18 DAC                                                             | CUSIP: 92770QAA5<br>LEI: 635400ZZNJSEA4CAJR23 | Long             | DBT              | CORP              | IE        |   8125000 | PA      | $7886840.81   | 0.11%             | 2028-07-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| VISTRA CORP                                  | Vistra Operations Co LLC                                                        | CUSIP: 92840VAA0<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |   9650000 | PA      | $9651245.82   | 0.14%             | 2026-09-01      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| VMED O2 UK FINAN                             | Vmed O2 UK Financing I PLC                                                      | CUSIP: 92858RAA8<br>LEI: 213800MRR46ECNGZ7L69 | Long             | DBT              | CORP              | GB        |  10100000 | PA      | $9212779.64   | 0.13%             | 2031-01-31      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| WATCO COS LLC/FINANCE CO                     | Watco Cos LLC / Watco Finance Corp                                              | CUSIP: 941130AD8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  12725000 | PA      | $13213958.13  | 0.19%             | 2032-08-01      | Fixed         | 7.13%                 | Yes           |                  2 | On Loan: No      |
| WILLIAM CARTER                               | William Carter Co/The                                                           | CUSIP: 96926JAC1<br>LEI: TGI2A0HXEYNQPU7TYV27 | Long             | DBT              | CORP              | US        |   3175000 | PA      | $3152314.05   | 0.04%             | 2027-03-15      | Fixed         | 5.63%                 | Yes           |                  2 | On Loan: No      |
| WYNDHAM HOTELS & RESORTS                     | Wyndham Hotels & Resorts Inc                                                    | CUSIP: 98311AAB1<br>LEI: 549300FE3MQ4RVXXC673 | Long             | DBT              | CORP              | US        |  12425000 | PA      | $12065549.72  | 0.17%             | 2028-08-15      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| XPLR INFRAST OPERATING                       | XPLR Infrastructure Operating Partners LP                                       | CUSIP: 98380MAA3<br>LEI: 549300KJEC5IUVJWR786 | Long             | DBT              | CORP              | US        |   1275000 | PA      | $1338321.60   | 0.02%             | 2031-01-15      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| XPLR INFRAST OPERATING                       | XPLR Infrastructure Operating Partners LP                                       | CUSIP: 98380MAB1<br>LEI: 549300KJEC5IUVJWR786 | Long             | DBT              | CORP              | US        |  14625000 | PA      | $15501973.50  | 0.22%             | 2033-03-15      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| YUM! BRANDS INC                              | Yum! Brands Inc                                                                 | CUSIP: 988498AR2<br>LEI: 549300JE8XHZZ7OHN517 | Long             | DBT              | CORP              | US        |   3625000 | PA      | $3610482.96   | 0.05%             | 2032-04-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| ZF NA CAPITAL                                | ZF North America Capital Inc                                                    | CUSIP: 98877DAE5<br>LEI: 529900JYGMS9CW9IQX78 | Long             | DBT              | CORP              | US        |   6250000 | PA      | $6062970.00   | 0.09%             | 2030-04-14      | Fixed         | 7.13%                 | Yes           |                  2 | On Loan: No      |
| AHP HEALTH PARTN                             | AHP Health Partners Inc                                                         | CUSIP: 00150LAB7<br>LEI: 549300QMM8MQ6SM5KX05 | Long             | DBT              | CORP              | US        |  14100000 | PA      | $13630984.65  | 0.19%             | 2029-07-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| ACUSHNET CO                                  | Acushnet Co                                                                     | CUSIP: 005095AA2<br>LEI: 549300H805O14KEFES79 | Long             | DBT              | CORP              | US        |   2550000 | PA      | $2659550.55   | 0.04%             | 2028-10-15      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| AMNEAL PHARMACEUTICALS L                     | Amneal Pharmaceuticals LLC                                                      | CUSIP: 03168LAA3<br>LEI: 54930037VIXE7LRZ1M66 | Long             | DBT              | CORP              | US        |   4825000 | PA      | $4903313.42   | 0.07%             | 2032-08-01      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| ARCHROCK PARTNERS LP/FIN                     | Archrock Partners LP / Archrock Partners Finance Corp                           | CUSIP: 03959KAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  29575000 | PA      | $29669048.50  | 0.42%             | 2027-04-01      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| ARDONAGH GROUP FINANCE                       | Ardonagh Group Finance Ltd                                                      | CUSIP: 039956AA5<br>LEI: 254900SRT1BTAJ76NW62 | Long             | DBT              | CORP              | JE        |  71650000 | PA      | $75413058.00  | 1.07%             | 2032-02-15      | Fixed         | 8.88%                 | Yes           |                  2 | On Loan: No      |
| ARIS WATER HOLDINGS LLC                      | Aris Water Holdings LLC                                                         | CUSIP: 04041NAA0<br>LEI: 5493007AWQW8ZKCHVV46 | Long             | DBT              | CORP              | US        |   7375000 | PA      | $7569611.50   | 0.11%             | 2030-04-01      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| ASCENT RESOURCES/ARU FIN                     | Ascent Resources Utica Holdings LLC / ARU Finance Corp                          | CUSIP: 04364VAK9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2971000 | PA      | $3610299.78   | 0.05%             | 2027-11-01      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| ASCENT RESOURCES/ARU FIN                     | Ascent Resources Utica Holdings LLC / ARU Finance Corp                          | CUSIP: 04364VBA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5075000 | PA      | $5149673.55   | 0.07%             | 2033-07-15      | Fixed         | 6.63%                 | Yes           |                  2 | On Loan: No      |
| ASSUREDPARTNERS INC                          | AssuredPartners Inc                                                             | CUSIP: 04624VAB5<br>LEI: 549300HNDSDQWQ3L2P80 | Long             | DBT              | CORP              | US        |  24900000 | PA      | $24872968.56  | 0.35%             | 2029-01-15      | Fixed         | 5.63%                 | Yes           |                  2 | On Loan: No      |
| AUDACY INC                                   | AUDACY INC                                                                      | CUSIP: 05070N301<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     67353 | NS      | $1346386.47   | 0.02%             |  |  |  | No            |                  3 | On Loan: No      |
| BALL CORP                                    | Ball Corp                                                                       | CUSIP: 058498AW6<br>LEI: 0BGI85ALH27ZJP15DY16 | Long             | DBT              | CORP              | US        |  13750000 | PA      | $12361529.13  | 0.18%             | 2030-08-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                       | CCO Holdings LLC / CCO Holdings Capital Corp                                    | CUSIP: 1248EPBR3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    438000 | PA      | $437546.19    | 0.01%             | 2026-05-01      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                       | CCO Holdings LLC / CCO Holdings Capital Corp                                    | CUSIP: 1248EPBT9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  10400000 | PA      | $10321359.15  | 0.15%             | 2027-05-01      | Fixed         | 5.13%                 | Yes           |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                       | CCO Holdings LLC / CCO Holdings Capital Corp                                    | CUSIP: 1248EPCB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  11600000 | PA      | $11400659.80  | 0.16%             | 2029-06-01      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                       | CCO Holdings LLC / CCO Holdings Capital Corp                                    | CUSIP: 1248EPCL5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3450000 | PA      | $3066728.46   | 0.04%             | 2033-06-01      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                       | CCO Holdings LLC / CCO Holdings Capital Corp                                    | CUSIP: 1248EPCT8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4000000 | PA      | $4114700.00   | 0.06%             | 2031-03-01      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYS                     | CHS/Community Health Systems Inc                                                | CUSIP: 12543DBL3<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |   8050000 | PA      | $5697472.83   | 0.08%             | 2030-04-01      | Fixed         | 6.13%                 | Yes           |                  2 | On Loan: No      |
| CNX MIDSTREAM PART LP                        | CNX Midstream Partners LP                                                       | CUSIP: 12654AAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  24725000 | PA      | $23381668.50  | 0.33%             | 2030-04-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| CAESARS ENTERTAIN INC                        | Caesars Entertainment Inc                                                       | CUSIP: 12769GAC4<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |  12250000 | PA      | $12500406.29  | 0.18%             | 2032-02-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| CALPINE CORP                                 | Calpine Corp                                                                    | CUSIP: 131347CR5<br>LEI: 43R4VPJBXTU2O15HEF41 | Long             | DBT              | CORP              | US        |  14650000 | PA      | $13783423.20  | 0.20%             | 2031-03-01      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| CAPSTONE BORROWER INC                        | Capstone Borrower Inc                                                           | CUSIP: 140944AA7<br>LEI: 254900YSP2BAI3YKIX08 | Long             | DBT              | CORP              | US        |  23900000 | PA      | $24865082.00  | 0.35%             | 2030-06-15      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| CENTENE CORP                                 | Centene Corp                                                                    | CUSIP: 15135BAT8<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |   7900000 | PA      | $7517561.79   | 0.11%             | 2029-12-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| Churchill Downs Inc                          | Churchill Downs Inc                                                             | CUSIP: 171484AG3<br>LEI: 529900FODTBQC8MIS994 | Long             | DBT              | CORP              | US        |   2425000 | PA      | $2423411.87   | 0.03%             | 2027-04-01      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| CLEVELAND-CLIFFS INC                         | Cleveland-Cliffs Inc                                                            | CUSIP: 185899AN1<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |   1150000 | PA      | $1145384.48   | 0.02%             | 2030-04-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| CLYDESDALE ACQUISITION                       | Clydesdale Acquisition Holdings Inc                                             | CUSIP: 18972EAC9<br>LEI: 254900QKSDYFR3K5YD98 | Long             | DBT              | CORP              | US        |   8225000 | PA      | $8421413.00   | 0.12%             | 2030-01-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| CLYDESDALE ACQUISITION                       | Clydesdale Acquisition Holdings Inc                                             | CUSIP: 18972EAD7<br>LEI: 254900QKSDYFR3K5YD98 | Long             | DBT              | CORP              | US        |   4625000 | PA      | $4740555.63   | 0.07%             | 2032-04-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| COEUR MINING INC                             | Coeur Mining Inc                                                                | CUSIP: 192108BC1<br>LEI: 5493003AVK173D48DR70 | Long             | DBT              | CORP              | US        |  21350000 | PA      | $20796087.06  | 0.30%             | 2029-02-15      | Fixed         | 5.13%                 | Yes           |                  2 | On Loan: No      |
| COMSTOCK RESOURCES INC                       | Comstock Resources Inc                                                          | CUSIP: 205768AT1<br>LEI: I03QQGEA4SS774AURI46 | Long             | DBT              | CORP              | US        |   9475000 | PA      | $8951837.88   | 0.13%             | 2030-01-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| DUN & BRADSTREET CORP                        | Dun & Bradstreet Corp/The                                                       | CUSIP: 26483EAL4<br>LEI: RI37BMPWE56BCJ747E14 | Long             | DBT              | CORP              | US        |  18225000 | PA      | $18653517.50  | 0.27%             | 2029-12-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| EQT CORP                                     | EQT Corp                                                                        | CUSIP: 26884LBG3<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | DBT              | CORP              | US        |   1600000 | PA      | $1628867.30   | 0.02%             | 2027-06-01      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| EDGEWELL PERSONAL CARE                       | Edgewell Personal Care Co                                                       | CUSIP: 28035QAB8<br>LEI: 549300CY8QZDL4Z3RU59 | Long             | DBT              | CORP              | US        |   5625000 | PA      | $5326971.75   | 0.08%             | 2029-04-01      | Fixed         | 4.13%                 | Yes           |                  2 | On Loan: No      |
| ENERGIZER HOLDINGS INC                       | Energizer Holdings Inc                                                          | CUSIP: 29272WAF6<br>LEI: 5493000D6NN0V57UME20 | Long             | DBT              | CORP              | US        |  12175000 | PA      | $12365051.75  | 0.18%             | 2027-12-31      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                     | Ford Motor Credit Co LLC                                                        | CUSIP: 345397B36<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |  23600000 | PA      | $21674992.60  | 0.31%             | 2030-11-13      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                     | Ford Motor Credit Co LLC                                                        | CUSIP: 345397C35<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |  10050000 | PA      | $10414003.16  | 0.15%             | 2027-11-04      | Fixed         | 7.35%                 | No            |                  2 | On Loan: No      |
| GYP HOLDINGS III CORP                        | GYP Holdings III Corp                                                           | CUSIP: 36261NAA5<br>LEI: 549300055I1KJWZH9690 | Long             | DBT              | CORP              | US        |  24350000 | PA      | $24605577.60  | 0.35%             | 2029-05-01      | Fixed         | 4.63%                 | Yes           |                  2 | On Loan: No      |
| GAP INC/THE                                  | Gap Inc/The                                                                     | CUSIP: 364760AQ1<br>LEI: T2ZG1WRWZ4BUCMQL9224 | Long             | DBT              | CORP              | US        |   7900000 | PA      | $7059951.13   | 0.10%             | 2031-10-01      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| HEALTHEQUITY INC                             | HealthEquity Inc                                                                | CUSIP: 42226AAA5<br>LEI: 529900LRJU1RAFQHM467 | Long             | DBT              | CORP              | US        |  24625000 | PA      | $23736049.81  | 0.34%             | 2029-10-01      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| HILTON DOMESTIC OPERATIN                     | Hilton Domestic Operating Co Inc                                                | CUSIP: 432833AH4<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |  13000000 | PA      | $13005037.50  | 0.19%             | 2028-05-01      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| HILTON DOMESTIC OPERATIN                     | Hilton Domestic Operating Co Inc                                                | CUSIP: 432833AS0<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |   1650000 | PA      | $1652598.75   | 0.02%             | 2033-09-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| INSIGHT ENTERPRS                             | Insight Enterprises Inc                                                         | CUSIP: 45765UAC7<br>LEI: 529900S8991TYW6YP792 | Long             | DBT              | CORP              | US        |   9200000 | PA      | $9417907.15   | 0.13%             | 2032-05-15      | Fixed         | 6.63%                 | Yes           |                  2 | On Loan: No      |
| JONES DESLAURIERS INSURA                     | Jones Deslauriers Insurance Management Inc                                      | CUSIP: 48020RAB1<br>LEI: 549300JQIWNFU00E5424 | Long             | DBT              | CORP              | CA        |  19625000 | PA      | $20723386.52  | 0.30%             | 2030-03-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| KODIAK GAS SERVICES LLC                      | Kodiak Gas Services LLC                                                         | CUSIP: 50012LAC8<br>LEI: 549300ZQBRWEUOVOM131 | Long             | DBT              | CORP              | US        |  22725000 | PA      | $23294511.23  | 0.33%             | 2029-02-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| KONTOOR BRANDS INC                           | Kontoor Brands Inc                                                              | CUSIP: 50050NAA1<br>LEI: 549300M0CPXV65RFF271 | Long             | DBT              | CORP              | US        |   5525000 | PA      | $5148949.72   | 0.07%             | 2029-11-15      | Fixed         | 4.13%                 | Yes           |                  2 | On Loan: No      |
| LCM INVESTMENTS HOLDINGS                     | LCM Investments Holdings II LLC                                                 | CUSIP: 50190EAC8<br>LEI: 549300P5V78NNQTG4428 | Long             | DBT              | CORP              | US        |  26975000 | PA      | $28540898.75  | 0.41%             | 2031-08-01      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| MATCH GROUP HLD II LLC                       | Match Group Inc                                                                 | CUSIP: 57665RAG1<br>LEI: 5493003RFFE030RC9167 | Long             | DBT              | CORP              | US        |   8175000 | PA      | $8119085.45   | 0.12%             | 2027-12-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| MATCH GROUP HLD II LLC                       | Match Group Inc                                                                 | CUSIP: 57665RAL0<br>LEI: 5493003RFFE030RC9167 | Long             | DBT              | CORP              | US        |  18175000 | PA      | $16967749.25  | 0.24%             | 2030-08-01      | Fixed         | 4.13%                 | Yes           |                  2 | On Loan: No      |
| MCAFEE CORP                                  | Condor Merger Sub Inc                                                           | CUSIP: 579063AB4<br>LEI: 2549009UKR8UEZYVCR93 | Long             | DBT              | CORP              | US        |  69475000 | PA      | $64490453.60  | 0.92%             | 2030-02-15      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| MITER BRAND / MIWD BORR                      | Miter Brands Acquisition Holdco Inc / MIWD Borrower LLC                         | CUSIP: 60672JAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  11525000 | PA      | $11774055.25  | 0.17%             | 2032-04-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| NCL CORPORATION LTD                          | NCL Corp Ltd                                                                    | CUSIP: 62886HBA8<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |   2058000 | PA      | $2066935.84   | 0.03%             | 2026-03-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| ADIENT GLOBAL HOLDINGS                       | Adient Global Holdings Ltd                                                      | CUSIP: 00687YAB1<br>LEI: 213800VA38VCKE6M8790 | Long             | DBT              | CORP              | JE        |   4100000 | PA      | $4199732.09   | 0.06%             | 2028-04-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| ADIENT GLOBAL HOLDINGS                       | Adient Global Holdings Ltd                                                      | CUSIP: 00687YAC9<br>LEI: 213800VA38VCKE6M8790 | Long             | DBT              | CORP              | JE        |   5225000 | PA      | $5466358.43   | 0.08%             | 2031-04-15      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| NCL CORPORATION LTD                          | NCL Corp Ltd                                                                    | CUSIP: 62886HBN0<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |   8550000 | PA      | $8988016.50   | 0.13%             | 2029-01-15      | Fixed         | 8.13%                 | Yes           |                  2 | On Loan: No      |
| NCL FINANCE LTD                              | NCL Finance Ltd                                                                 | CUSIP: 62888HAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   7900000 | PA      | $8000322.10   | 0.11%             | 2028-03-15      | Fixed         | 6.13%                 | Yes           |                  2 | On Loan: No      |
| ALBERTSONS COS/SAFEWAY                       | Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC           | CUSIP: 013092AF8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   6800000 | PA      | $6733142.67   | 0.10%             | 2026-03-15      | Fixed         | 3.25%                 | Yes           |                  2 | On Loan: No      |
| AMENTUM HOLDINGS INC                         | Amentum Escrow Corp                                                             | CUSIP: 02352BAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  23050000 | PA      | $23862443.35  | 0.34%             | 2032-08-01      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| ABC SUPPLY CO INC                            | American Builders & Contractors Supply Co Inc                                   | CUSIP: 024747AG2<br>LEI: 549300H5GQ4C1BEKG397 | Long             | DBT              | CORP              | US        |   3275000 | PA      | $3089897.66   | 0.04%             | 2029-11-15      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| ANTERO MIDSTREAM PART/FI                     | Antero Midstream Partners LP / Antero Midstream Finance Corp                    | CUSIP: 03690AAK2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3625000 | PA      | $3729566.75   | 0.05%             | 2032-02-01      | Fixed         | 6.63%                 | Yes           |                  2 | On Loan: No      |
| ARDAGH PKG FIN/HLDGS USA                     | Ardagh Packaging Finance PLC / Ardagh Holdings USA Inc                          | CUSIP: 03969AAR1<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |  24500000 | PA      | $11784010.00  | 0.17%             | 2027-08-15      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| BALL CORP                                    | Ball Corp                                                                       | CUSIP: 058498AY2<br>LEI: 0BGI85ALH27ZJP15DY16 | Long             | DBT              | CORP              | US        |  10650000 | PA      | $10878908.44  | 0.15%             | 2028-03-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| ALBERTSONS COS/SAFEWAY                       | Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC           | CUSIP: 01309QAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   6100000 | PA      | $6201573.17   | 0.09%             | 2028-02-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| ALBERTSONS COS/SAFEWAY                       | Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC           | CUSIP: 01309QAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2125000 | PA      | $2168352.13   | 0.03%             | 2033-03-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| BRINK'S CO/THE                               | Brink's Co/The                                                                  | CUSIP: 109696AD6<br>LEI: XFP140TFNOQMIVFTVQ13 | Long             | DBT              | CORP              | US        |   9900000 | PA      | $10207434.60  | 0.15%             | 2032-06-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                       | CCO Holdings LLC / CCO Holdings Capital Corp                                    | CUSIP: 1248EPCD3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  16250000 | PA      | $15452591.54  | 0.22%             | 2030-03-01      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| OLYMPUS WTR US HLDG CORP                     | Cheever Escrow Issuer LLC                                                       | CUSIP: 16308NAA2<br>LEI: 549300YU2GGVCBN3MY89 | Long             | DBT              | CORP              | US        |   9425000 | PA      | $9579513.45   | 0.14%             | 2027-10-01      | Fixed         | 7.13%                 | Yes           |                  2 | On Loan: No      |
| CHURCHILL DOWNS INC                          | Churchill Downs Inc                                                             | CUSIP: 171484AJ7<br>LEI: 529900FODTBQC8MIS994 | Long             | DBT              | CORP              | US        |  21100000 | PA      | $21570044.70  | 0.31%             | 2031-05-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| CIVITAS RESOURCES INC                        | Civitas Resources Inc                                                           | CUSIP: 17888HAA1<br>LEI: IIVIHPH28S64K95M2381 | Long             | DBT              | CORP              | US        |  13950000 | PA      | $14362583.67  | 0.20%             | 2028-07-01      | Fixed         | 8.38%                 | Yes           |                  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              | XX        |  10075000 | PA      | $10393924.13  | 0.15%             | 2030-02-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| CLOUD SOFTWARE GRP INC                       | Cloud Software Group Inc                                                        | CUSIP: 18912UAA0<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |  38125000 | PA      | $39481906.88  | 0.56%             | 2029-09-30      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| DISH DBS CORP                                | DISH DBS Corp                                                                   | CUSIP: 25470XBD6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   8050000 | PA      | $5984710.52   | 0.09%             | 2029-06-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                               | NRG Energy Inc                                                                  | CUSIP: 629377CQ3<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |   6150000 | PA      | $5778231.33   | 0.08%             | 2029-02-15      | Fixed         | 3.38%                 | Yes           |                  2 | On Loan: No      |
| NRG ENERGY INC                               | NRG Energy Inc                                                                  | CUSIP: 629377CR1<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |   6450000 | PA      | $5908812.43   | 0.08%             | 2031-02-15      | Fixed         | 3.63%                 | Yes           |                  2 | On Loan: No      |
| 1011778 BC / NEW RED FIN                     | 1011778 BC ULC / New Red Finance Inc                                            | CUSIP: 68245XAR0<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |   6100000 | PA      | $6241324.80   | 0.09%             | 2029-06-15      | Fixed         | 6.13%                 | Yes           |                  2 | On Loan: No      |
| 1261229 BC LTD                               | 1261229 BC Ltd                                                                  | CUSIP: 68288AAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |  29125000 | PA      | $29670041.76  | 0.42%             | 2032-04-15      | Fixed         | 10.00%                | Yes           |                  2 | On Loan: No      |
| OPEN TEXT CORP                               | Open Text Corp                                                                  | CUSIP: 683715AC0<br>LEI: 549300HP7ONDQODZJV16 | Long             | DBT              | CORP              | CA        |  17450000 | PA      | $16812367.75  | 0.24%             | 2028-02-15      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| PERMIAN RESOURC OPTG LLC                     | Permian Resources Operating LLC                                                 | CUSIP: 71424VAB6<br>LEI: 5493004CTVUMQLRPOE23 | Long             | DBT              | CORP              | US        |   5725000 | PA      | $5764319.30   | 0.08%             | 2033-02-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| POST HOLDINGS INC                            | Post Holdings Inc                                                               | CUSIP: 737446AV6<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |   6500000 | PA      | $6511349.72   | 0.09%             | 2033-03-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| RHP HOTEL PPTY/RHP FINAN                     | RHP Hotel Properties LP / RHP Finance Corp                                      | CUSIP: 749571AL9<br>LEI: N/A                  | Long             | DBT              |  | US        |   3100000 | PA      | $3176966.80   | 0.05%             | 2033-06-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| EQT CORP                                     | EQT Corp                                                                        | CUSIP: 26884LAW9<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | DBT              | CORP              | US        |   1896000 | PA      | $1873948.82   | 0.03%             | 2029-01-15      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| EDGEWELL PERSONAL CARE                       | Edgewell Personal Care Co                                                       | CUSIP: 28035QAA0<br>LEI: 549300CY8QZDL4Z3RU59 | Long             | DBT              | CORP              | US        |   9850000 | PA      | $9789426.93   | 0.14%             | 2028-06-01      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| ENTEGRIS INC                                 | Entegris Escrow Corp                                                            | CUSIP: 29365BAA1<br>LEI: IYX6OWO7BT5DKO3BYG52 | Long             | DBT              | CORP              | US        |   8700000 | PA      | $8530087.43   | 0.12%             | 2029-04-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                     | Ford Motor Credit Co LLC                                                        | CUSIP: 345397A45<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   4375000 | PA      | $4311722.93   | 0.06%             | 2027-01-09      | Fixed         | 4.27%                 | No            |                  2 | On Loan: No      |
| HELIOS SOFT/ION CORP SOL                     | Helios Software Holdings Inc                                                    | CUSIP: 42329HAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2025000 | PA      | $1916494.63   | 0.03%             | 2028-05-01      | Fixed         | 4.63%                 | Yes           |                  2 | On Loan: No      |
| HESS MIDSTREAM OPERATION                     | Hess Midstream Operations LP                                                    | CUSIP: 428102AF4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1525000 | PA      | $1532815.63   | 0.02%             | 2030-10-15      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| HESS MIDSTREAM OPERATION                     | Hess Midstream Partners LP                                                      | CUSIP: 428104AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  15300000 | PA      | $15232955.40  | 0.22%             | 2028-06-15      | Fixed         | 5.13%                 | Yes           |                  2 | On Loan: No      |
| HILLENBRAND INC                              | Hillenbrand Inc                                                                 | CUSIP: 431571AF5<br>LEI: U246OE781574J2BUD366 | Long             | DBT              | CORP              | US        |   5350000 | PA      | $5425172.85   | 0.08%             | 2029-02-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| LIGHT & WONDER INTL INC                      | Light & Wonder International Inc                                                | CUSIP: 531968AA3<br>LEI: RLTHESQ0RNFQJWPBJN60 | Long             | DBT              | CORP              | US        |   8250000 | PA      | $8605410.00   | 0.12%             | 2031-09-01      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| MASTERBRAND INC                              | Masterbrand Inc                                                                 | CUSIP: 57638PAA2<br>LEI: 549300E0Y4BR5Z9RDZ64 | Long             | DBT              | CORP              | US        |   6975000 | PA      | $7097439.15   | 0.10%             | 2032-07-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES                      | Royal Caribbean Cruises Ltd                                                     | CUSIP: 780153BJ0<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |   7750000 | PA      | $7780728.75   | 0.11%             | 2026-08-31      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| SM ENERGY CO                                 | SM Energy Co                                                                    | CUSIP: 78454LAX8<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | DBT              | CORP              | US        |   6300000 | PA      | $6310458.00   | 0.09%             | 2029-08-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| SEAGATE DATA STORAGE TECHNOLOG               | SEAGATE DATA STOR                                                               | CUSIP: 81180LAM7<br>LEI: N/A                  | Long             | DBT              | CORP              | SG        |   1150000 | PA      | $1228639.59   | 0.02%             | 2029-12-15      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| SIRIUS XM RADIO LLC                          | Sirius XM Radio Inc                                                             | CUSIP: 82967NBL1<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |   6050000 | PA      | $5919072.49   | 0.08%             | 2026-09-01      | Fixed         | 3.13%                 | Yes           |                  2 | On Loan: No      |
| SITIO ROYAL OP / SIT FIN                     | Sitio Royalties Operating Partnership LP / Sitio Finance Corp                   | CUSIP: 82983MAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3575000 | PA      | $3733025.73   | 0.05%             | 2028-11-01      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| SIX FLAGS ENTERTAINME                        | Six Flags Entertainment Corp                                                    | CUSIP: 83001AAD4<br>LEI: 549300JYTDUAA4JQ3717 | Long             | DBT              | CORP              | US        |  23550000 | PA      | $24020105.10  | 0.34%             | 2031-05-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| ALLIANT HOLD / CO-ISSUER                     | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer                  | CUSIP: 01883LAG8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5650000 | PA      | $5739123.10   | 0.08%             | 2031-10-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| ALLIED UNIVERSAL                             | Allied Universal Holdco LLC / Allied Universal Finance Corp                     | CUSIP: 019576AF4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  10675000 | PA      | $10935373.93  | 0.16%             | 2030-06-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| STATION CASINOS LLC                          | Station Casinos LLC                                                             | CUSIP: 857691AG4<br>LEI: 5493004E7Q60TX54WL62 | Long             | DBT              | CORP              | US        |  33600000 | PA      | $32868825.36  | 0.47%             | 2028-02-15      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| STATION CASINOS LLC                          | Station Casinos LLC                                                             | CUSIP: 857691AH2<br>LEI: 5493004E7Q60TX54WL62 | Long             | DBT              | CORP              | US        |   5250000 | PA      | $4916428.13   | 0.07%             | 2031-12-01      | Fixed         | 4.63%                 | Yes           |                  2 | On Loan: No      |
| MATADOR RESOURCES CO                         | Matador Resources Co                                                            | CUSIP: 576485AG1<br>LEI: 549300CI3Q2UUK5R4G79 | Long             | DBT              | CORP              | US        |   8900000 | PA      | $8934131.50   | 0.13%             | 2032-04-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| MIDWEST GMNG BOR/MWG FIN                     | Midwest Gaming Borrower LLC                                                     | CUSIP: 59833DAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  15650000 | PA      | $15089266.76  | 0.21%             | 2029-05-01      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| STATION CASINOS LLC                          | Station Casinos LLC                                                             | CUSIP: 857691AJ8<br>LEI: 5493004E7Q60TX54WL62 | Long             | DBT              | CORP              | US        |   4075000 | PA      | $4158370.43   | 0.06%             | 2032-03-15      | Fixed         | 6.63%                 | Yes           |                  2 | On Loan: No      |
| SUBURBAN PROPANE PARTNRS                     | Suburban Propane Partners LP/Suburban Energy Finance Corp                       | CUSIP: 864486AK1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  12600000 | PA      | $12593838.60  | 0.18%             | 2027-03-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Ally Financial Inc                           | Ally Financial Inc                                                              | CUSIP: 02005NBF6<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |  10650000 | PA      | $10665219.70  | 0.15%             | 2025-11-20      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| ANTERO RESOURCES CORP                        | Antero Resources Corp                                                           | CUSIP: 03674XAQ9<br>LEI: APVBKPOULHUX7YZLKU17 | Long             | DBT              | CORP              | US        |   2475000 | PA      | $2537619.98   | 0.04%             | 2029-02-01      | Fixed         | 7.63%                 | Yes           |                  2 | On Loan: No      |
| TARGA RESOURCES PARTNERS                     | Targa Resources Partners LP / Targa Resources Partners Finance Corp             | CUSIP: 87612BBQ4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  19400000 | PA      | $19692319.20  | 0.28%             | 2030-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                        | Tenet Healthcare Corp                                                           | CUSIP: 88033GDB3<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |  18900000 | PA      | $18835331.76  | 0.27%             | 2027-11-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                | TransDigm Inc                                                                   | CUSIP: 893647BV8<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |  21350000 | PA      | $21980230.65  | 0.31%             | 2032-03-01      | Fixed         | 6.63%                 | Yes           |                  2 | On Loan: No      |
| TRANSDIGM INC                                | TransDigm Inc                                                                   | CUSIP: 893647BY2<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |  15625000 | PA      | $15763312.50  | 0.22%             | 2033-05-31      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| UKG INC                                      | UKG Inc                                                                         | CUSIP: 90279XAA0<br>LEI: 529900FKHWSTQ1GXK240 | Long             | DBT              | CORP              | US        |  46925000 | PA      | $48205583.25  | 0.69%             | 2031-02-01      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| US FOODS INC                                 | US Foods Inc                                                                    | CUSIP: 90290MAD3<br>LEI: 5493000JOOFAOUY1JZ87 | Long             | DBT              | CORP              | US        |  20375000 | PA      | $19972960.50  | 0.28%             | 2029-02-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| US FOODS INC                                 | US Foods Inc                                                                    | CUSIP: 90290MAG6<br>LEI: 5493000JOOFAOUY1JZ87 | Long             | DBT              | CORP              | US        |   8225000 | PA      | $8481011.35   | 0.12%             | 2028-09-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| UNITED RENTALS NORTH AM                      | United Rentals North America Inc                                                | CUSIP: 911365BN3<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |  12850000 | PA      | $12167925.86  | 0.17%             | 2030-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| UNITED RENTALS NORTH AM                      | United Rentals North America Inc                                                | CUSIP: 911365BQ6<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |    825000 | PA      | $840420.08    | 0.01%             | 2029-12-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| UNITED WHOLESALE MTGE LL                     | United Shore Financial Services LLC                                             | CUSIP: 91153LAA5<br>LEI: 549300HW662MN1WU8550 | Long             | DBT              | CORP              | US        |  22375000 | PA      | $22389210.36  | 0.32%             | 2025-11-15      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUE                        | Venture Global Plaquemines LNG LLC                                              | CUSIP: 922966AD8<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |  12075000 | PA      | $12429166.51  | 0.18%             | 2036-01-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| TK ELEVATOR US NEWCO INC                     | Vertical US Newco Inc                                                           | CUSIP: 92537RAA7<br>LEI: 549300C2AFWPAYWS5574 | Long             | DBT              | CORP              | US        |  10325000 | PA      | $10286819.18  | 0.15%             | 2027-07-15      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| NCR ATLEOS LLC                               | NCR Atleos Escrow Corp                                                          | CUSIP: 638962AA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3775000 | PA      | $4093024.88   | 0.06%             | 2029-04-01      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: No      |
| NEXSTAR MEDIA INC                            | Nexstar Escrow Inc                                                              | CUSIP: 65343HAA9<br>LEI: 5493006PK6I4I2OOT688 | Long             | DBT              | CORP              | US        |   4875000 | PA      | $4868585.48   | 0.07%             | 2027-07-15      | Fixed         | 5.63%                 | Yes           |                  2 | On Loan: No      |
| WESCO DISTRIBUTION INC                       | WESCO Distribution Inc                                                          | CUSIP: 95081QAP9<br>LEI: 549300I2CEZJG9N4AH67 | Long             | DBT              | CORP              | US        |  18100000 | PA      | $18352332.10  | 0.26%             | 2028-06-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| WESCO DISTRIBUTION INC                       | WESCO Distribution Inc                                                          | CUSIP: 95081QAQ7<br>LEI: 549300I2CEZJG9N4AH67 | Long             | DBT              | CORP              | US        |  10700000 | PA      | $10988290.10  | 0.16%             | 2029-03-15      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| 1011778 BC / NEW RED FIN                     | 1011778 BC ULC / New Red Finance Inc                                            | CUSIP: 68245XAH2<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |   2925000 | PA      | $2823733.40   | 0.04%             | 2028-01-15      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| OPEN TEXT INC                                | Open Text Holdings Inc                                                          | CUSIP: 683720AC0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5700000 | PA      | $5193475.77   | 0.07%             | 2031-12-01      | Fixed         | 4.13%                 | Yes           |                  2 | On Loan: No      |
| WHIRLPOOL CORP                               | Whirlpool Corp                                                                  | CUSIP: 963320BE5<br>LEI: WHENKOULSSK7WUM60H03 | Long             | DBT              | CORP              | US        |   8675000 | PA      | $8554801.80   | 0.12%             | 2033-06-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ZIGGO BV                                     | Ziggo BV                                                                        | CUSIP: 98955DAA8<br>LEI: 213800TQASLF9JXH5J59 | Long             | DBT              | CORP              | NL        |   3800000 | PA      | $3513882.80   | 0.05%             | 2030-01-15      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| POST HOLDINGS INC                            | Post Holdings Inc                                                               | CUSIP: 737446AU8<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |   8100000 | PA      | $8261416.80   | 0.12%             | 2032-02-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Precision Drilling Corp                      | Precision Drilling Corp                                                         | CUSIP: 740212AL9<br>LEI: 549300WF2OE8T5BP4B84 | Long             | DBT              | CORP              | CA        |   2827000 | PA      | $2838004.38   | 0.04%             | 2026-01-15      | Fixed         | 7.13%                 | Yes           |                  2 | On Loan: No      |
| AUDACY CAPITAL                               | AUDACY CAPITAL                                                                  | CUSIP: 000000000<br>LEI: 549300S5JUSXRHNCHD80 | N/A              | DE               |  | US        |     81640 | NS      | $816.40       | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| TELENET FINANCE LUX NOTE                     | Telenet Finance Luxembourg Notes Sarl                                           | CUSIP: 000000000<br>LEI: 2138007RI9GLJPCC3E25 | Long             | DBT              | CORP              | LU        |  44000000 | PA      | $43662947.24  | 0.62%             | 2028-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| REAL HERO MERGER SUB 2                       | Real Hero Merger Sub 2 Inc                                                      | CUSIP: 75602BAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  21275000 | PA      | $14638516.92  | 0.21%             | 2029-02-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| ROCKET COS INC                               | Rocket Cos Inc                                                                  | CUSIP: 77311WAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2875000 | PA      | $2916910.31   | 0.04%             | 2030-08-01      | Fixed         | 6.13%                 | Yes           |                  2 | On Loan: No      |
| ANTERO RESOURCES CORP                        | Antero Resources Corp                                                           | CUSIP: 03674XAS5<br>LEI: APVBKPOULHUX7YZLKU17 | Long             | DBT              | CORP              | US        |   6325000 | PA      | $6301055.83   | 0.09%             | 2030-03-01      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| ANTERO MIDSTREAM PART/FI                     | Antero Midstream Partners LP / Antero Midstream Finance Corp                    | CUSIP: 03690AAD8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  23650000 | PA      | $23680186.39  | 0.34%             | 2027-03-01      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| ROCKETMTGE CO-ISSUER INC                     | Rocket Mortgage LLC / Rocket Mortgage Co-Issuer Inc                             | CUSIP: 77313LAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  17150000 | PA      | $16736165.36  | 0.24%             | 2026-10-15      | Fixed         | 2.88%                 | Yes           |                  2 | On Loan: No      |
| ROCKET SOFTWARE INC                          | Rocket Software Inc                                                             | CUSIP: 77314EAB4<br>LEI: 549300PVG26ISP5X1556 | Long             | DBT              | CORP              | US        |  11275000 | PA      | $11666851.35  | 0.17%             | 2028-11-28      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES                      | Royal Caribbean Cruises Ltd                                                     | CUSIP: 780153BV3<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |  17500000 | PA      | $17799746.48  | 0.25%             | 2033-02-01      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| RYAN SPECIALTY GROUP                         | Ryan Specialty Group LLC                                                        | CUSIP: 78351MAA0<br>LEI: 549300K52N7QBO3PYY45 | Long             | DBT              | CORP              | US        |  11675000 | PA      | $11216822.80  | 0.16%             | 2030-02-01      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| SM ENERGY CO                                 | SM Energy Co                                                                    | CUSIP: 78454LAY6<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2973213.90   | 0.04%             | 2032-08-01      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| SNF GROUP SACA                               | SPCM SA                                                                         | CUSIP: 7846ELAD9<br>LEI: 969500F7036FEDYPRV54 | Long             | DBT              | CORP              | FR        |   2325000 | PA      | $2247512.87   | 0.03%             | 2027-03-15      | Fixed         | 3.13%                 | Yes           |                  2 | On Loan: No      |
| SNF GROUP SACA                               | SPCM SA                                                                         | CUSIP: 7846ELAE7<br>LEI: 969500F7036FEDYPRV54 | Long             | DBT              | CORP              | FR        |   5125000 | PA      | $4711558.05   | 0.07%             | 2030-03-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| SEAGATE DATA STORAGE TECHNOLOG               | SEAGATE DATA STOR                                                               | CUSIP: 81180LAQ8<br>LEI: N/A                  | Long             | DBT              | CORP              | SG        |   7300000 | PA      | $7727943.23   | 0.11%             | 2031-07-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| SEALED AIR/SEALED AIR US                     | Sealed Air Corp/Sealed Air Corp US                                              | CUSIP: 812127AA6<br>LEI: Q0M0CZB4YN6JZ65WXI09 | Long             | DBT              | CORP              | US        |   6125000 | PA      | $6187373.75   | 0.09%             | 2028-02-01      | Fixed         | 6.13%                 | Yes           |                  2 | On Loan: No      |
| SEALED AIR CORP                              | Sealed Air Corp                                                                 | CUSIP: 812127AC2<br>LEI: Q0M0CZB4YN6JZ65WXI09 | Long             | DBT              | CORP              | US        |  16950000 | PA      | $17473534.65  | 0.25%             | 2032-07-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| SIRIUS XM RADIO LLC                          | Sirius XM Radio Inc                                                             | CUSIP: 82967NBM9<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |   9525000 | PA      | $8411703.14   | 0.12%             | 2031-09-01      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| STANDARD INDUSTRI INC/NY                     | Standard Industries Inc/NJ                                                      | CUSIP: 853496AG2<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |  15725000 | PA      | $14897772.22  | 0.21%             | 2030-07-15      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                        | Tenet Healthcare Corp                                                           | CUSIP: 88033GDK3<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |  21575000 | PA      | $21589800.45  | 0.31%             | 2028-10-01      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                        | Tenet Healthcare Corp                                                           | CUSIP: 88033GDM9<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |   5250000 | PA      | $5070660.00   | 0.07%             | 2029-06-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| TERRAFORM POWER OPERATIN                     | TerraForm Power Operating LLC                                                   | CUSIP: 88104LAG8<br>LEI: 5493000S2OLR3UT5BE13 | Long             | DBT              | CORP              | US        |   9875000 | PA      | $9475289.63   | 0.13%             | 2030-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CLOUD SOFTWARE GRP INC                       | Picard Midco Inc                                                                | CUSIP: 88632QAE3<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |  27025000 | PA      | $27311059.63  | 0.39%             | 2029-03-31      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| ARDONAGH FINCO LTD                           | Ardonagh Finco Ltd                                                              | CUSIP: 039853AA4<br>LEI: 254900D2T84O1K03BA28 | Long             | DBT              | CORP              | JE        |   8550000 | PA      | $8922198.60   | 0.13%             | 2031-02-15      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| ASBURY AUTOMOTIVE GROUP                      | Asbury Automotive Group Inc                                                     | CUSIP: 043436AX2<br>LEI: 549300JH4DTA7U42GL91 | Long             | DBT              | CORP              | US        |  10325000 | PA      | $9774081.75   | 0.14%             | 2032-02-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| TRANSDIGM INC                                | TransDigm Inc                                                                   | CUSIP: 893647BQ9<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |   8275000 | PA      | $8125231.60   | 0.12%             | 2029-05-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| UWM HOLDINGS LLC                             | UWM Holdings LLC                                                                | CUSIP: 903522AA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   9100000 | PA      | $9112281.54   | 0.13%             | 2030-02-01      | Fixed         | 6.63%                 | Yes           |                  2 | On Loan: No      |
| UNITED RENTALS NORTH AM                      | United Rentals North America Inc                                                | CUSIP: 911363AM1<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |   3200000 | PA      | $2988529.60   | 0.04%             | 2031-02-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| USA COM PART/USA COM FIN                     | USA Compression Partners LP / USA Compression Finance Corp                      | CUSIP: 91740PAF5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  26200000 | PA      | $26215175.04  | 0.37%             | 2027-09-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUE                        | Venture Global Plaquemines LNG LLC                                              | CUSIP: 922966AA4<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |  18775000 | PA      | $20287674.53  | 0.29%             | 2033-05-01      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| VIRGIN MEDIA SECURED FIN                     | Virgin Media Secured Finance PLC                                                | CUSIP: 92769XAP0<br>LEI: 213800X3RLP4NOTPY579 | Long             | DBT              | CORP              | GB        |   9850000 | PA      | $9635014.39   | 0.14%             | 2029-05-15      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| WR GRACE HOLDING LLC                         | WR Grace Holdings LLC                                                           | CUSIP: 92943GAA9<br>LEI: 549300WNOVFRGYOAEB12 | Long             | DBT              | CORP              | US        |  14025000 | PA      | $12941345.75  | 0.18%             | 2029-08-15      | Fixed         | 5.63%                 | Yes           |                  2 | On Loan: No      |
| AUDACY CAPITAL                               | AUDACY CAPITAL                                                                  | CUSIP: 000000000<br>LEI: 549300S5JUSXRHNCHD80 | N/A              | DE               |  | US        |     13607 | NS      | $136.07       | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| WYNN RESORTS FINANCE LLC                     | Wynn Resorts Finance LLC / Wynn Resorts Capital Corp                            | CUSIP: 983133AC3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  14950000 | PA      | $15910283.35  | 0.23%             | 2031-02-15      | Fixed         | 7.13%                 | Yes           |                  2 | On Loan: No      |
| YUM! BRANDS INC                              | Yum! Brands Inc                                                                 | CUSIP: 988498AP6<br>LEI: 549300JE8XHZZ7OHN517 | Long             | DBT              | CORP              | US        |   3325000 | PA      | $3187532.53   | 0.05%             | 2032-01-31      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| ZF NA CAPITAL                                | ZF North America Capital Inc                                                    | CUSIP: 98877DAD7<br>LEI: 529900JYGMS9CW9IQX78 | Long             | DBT              | CORP              | US        |   3475000 | PA      | $3470885.25   | 0.05%             | 2028-04-14      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| ASHLAND INC                                  | Ashland LLC                                                                     | CUSIP: 04433LAA0<br>LEI: 529900E4L9R04SB8HB11 | Long             | DBT              | CORP              | US        |   7350000 | PA      | $6478909.61   | 0.09%             | 2031-09-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| ASSUREDPARTNERS INC                          | AssuredPartners Inc                                                             | CUSIP: 04624VAC3<br>LEI: 549300HNDSDQWQ3L2P80 | Long             | DBT              | CORP              | US        |  11350000 | PA      | $12128178.70  | 0.17%             | 2032-02-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| AVANTOR FUNDING INC                          | Avantor Funding Inc                                                             | CUSIP: 05352TAB5<br>LEI: 5493003VM0XB4U8YD238 | Long             | DBT              | CORP              | US        |   8800000 | PA      | $8306167.76   | 0.12%             | 2029-11-01      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| AXALTA COAT/DUTCH HLD BV                     | Axalta Coating Systems LLC / Axalta Coating Systems Dutch Holding B BV          | CUSIP: 05454NAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |   6125000 | PA      | $6075989.59   | 0.09%             | 2027-06-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| BAUSCH HEALTH COS INC                        | Bausch Health Cos Inc                                                           | CUSIP: 071734AK3<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | DBT              | CORP              | CA        |  11750000 | PA      | $8533437.50   | 0.12%             | 2029-02-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| BEACH ACQUISITION BIDCO                      | Beach Acquisition Bidco LLC                                                     | CUSIP: 07337JAC1<br>LEI: 254900F2FNX3GBTB6202 | Long             | DBT              | CORP              | US        |  23100000 | PA      | $24141228.11  | 0.34%             | 2033-07-15      | Fixed         | 10.00%                | Yes           |                  2 | On Loan: No      |
| BELLRING BRANDS INC                          | BellRing Brands Inc                                                             | CUSIP: 07831CAA1<br>LEI: 549300S3BOK5CMTS8054 | Long             | DBT              | CORP              | US        |  19450000 | PA      | $20196393.75  | 0.29%             | 2030-03-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| BELRON UK FINANCE PLC                        | Belron UK Finance PLC                                                           | CUSIP: 080782AA3<br>LEI: 9845006BC9D1A77B8178 | Long             | DBT              | CORP              | GB        |   4450000 | PA      | $4494544.50   | 0.06%             | 2029-10-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| BRINK'S CO/THE                               | Brink's Co/The                                                                  | CUSIP: 109696AC8<br>LEI: XFP140TFNOQMIVFTVQ13 | Long             | DBT              | CORP              | US        |  11850000 | PA      | $12151167.75  | 0.17%             | 2029-06-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                       | CCO Holdings LLC / CCO Holdings Capital Corp                                    | CUSIP: 1248EPBX0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   9350000 | PA      | $9181196.32   | 0.13%             | 2028-02-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                       | CCO Holdings LLC / CCO Holdings Capital Corp                                    | CUSIP: 1248EPCE1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  28575000 | PA      | $26755921.22  | 0.38%             | 2030-08-15      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                       | CCO Holdings LLC / CCO Holdings Capital Corp                                    | CUSIP: 1248EPCK7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  36375000 | PA      | $33249215.50  | 0.47%             | 2031-02-01      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                       | CCO Holdings LLC / CCO Holdings Capital Corp                                    | CUSIP: 1248EPCN1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  14850000 | PA      | $13485350.34  | 0.19%             | 2032-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                       | CCO Holdings LLC / CCO Holdings Capital Corp                                    | CUSIP: 1248EPCQ4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   6225000 | PA      | $5760130.70   | 0.08%             | 2032-02-01      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYS                     | CHS/Community Health Systems Inc                                                | CUSIP: 12543DBJ8<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |  14100000 | PA      | $10975158.00  | 0.16%             | 2029-04-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| CP ATLAS BUYER INC                           | CP Atlas Buyer Inc                                                              | CUSIP: 12597YAD1<br>LEI: 2549006ZZ07G0NDDCR36 | Long             | DBT              | CORP              | US        |  28525000 | PA      | $27123312.88  | 0.39%             | 2031-01-15      | Fixed         | 12.75%                | Yes           |                  2 | On Loan: No      |
| CSC Holdings LLC                             | CSC Holdings LLC                                                                | CUSIP: 126307AZ0<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |   3975000 | PA      | $3144171.34   | 0.04%             | 2029-02-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                             | CSC Holdings LLC                                                                | CUSIP: 126307BF3<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |   3825000 | PA      | $2505943.40   | 0.04%             | 2031-02-15      | Fixed         | 3.38%                 | Yes           |                  2 | On Loan: No      |
| CAESARS ENTERTAIN INC                        | Caesars Entertainment Inc                                                       | CUSIP: 12769GAD2<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |  18875000 | PA      | $18232785.68  | 0.26%             | 2032-10-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| CALPINE CORP                                 | Calpine Corp                                                                    | CUSIP: 131347CN4<br>LEI: 43R4VPJBXTU2O15HEF41 | Long             | DBT              | CORP              | US        |   9500000 | PA      | $9460356.22   | 0.13%             | 2028-03-15      | Fixed         | 5.13%                 | Yes           |                  2 | On Loan: No      |
| CALPINE CORP                                 | Calpine Corp                                                                    | CUSIP: 131347CQ7<br>LEI: 43R4VPJBXTU2O15HEF41 | Long             | DBT              | CORP              | US        |   7450000 | PA      | $7368456.77   | 0.10%             | 2031-02-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| CARNIVAL CORP                                | Carnival Corp                                                                   | CUSIP: 143658BR2<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |  16075000 | PA      | $16227599.98  | 0.23%             | 2029-05-01      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| CARNIVAL CORP                                | Carnival Corp                                                                   | CUSIP: 143658BX9<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |   7800000 | PA      | $7943254.80   | 0.11%             | 2033-02-15      | Fixed         | 6.13%                 | Yes           |                  2 | On Loan: No      |
| CARNIVAL CORP                                | Carnival Corp                                                                   | CUSIP: 143658BY7<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |   2950000 | PA      | $2994137.49   | 0.04%             | 2030-03-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| CARNIVAL CORP                                | Carnival Corp                                                                   | CUSIP: 143658BZ4<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |   9425000 | PA      | $9572265.63   | 0.14%             | 2031-06-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| CARNIVAL CORP                                | Carnival Corp                                                                   | CUSIP: 143658CA8<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |   4825000 | PA      | $4863696.50   | 0.07%             | 2032-08-01      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| CELANESE US HOLDINGS LLC                     | Celanese US Holdings LLC                                                        | CUSIP: 15089QBA1<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |  16725000 | PA      | $16884589.95  | 0.24%             | 2033-04-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CENTENE CORP                                 | Centene Corp                                                                    | CUSIP: 15135BAR2<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |   6000000 | PA      | $5821868.40   | 0.08%             | 2027-12-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| CIENA CORP                                   | Ciena Corp                                                                      | CUSIP: 171779AL5<br>LEI: W0CZ7N0GH8UIGXDM1H41 | Long             | DBT              | CORP              | US        |   3900000 | PA      | $3689628.54   | 0.05%             | 2030-01-31      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| CIVITAS RESOURCES INC                        | Civitas Resources Inc                                                           | CUSIP: 17888HAC7<br>LEI: IIVIHPH28S64K95M2381 | Long             | DBT              | CORP              | US        |   7675000 | PA      | $7838592.63   | 0.11%             | 2030-11-01      | Fixed         | 8.63%                 | Yes           |                  2 | On Loan: No      |
| CIVITAS RESOURCES INC                        | Civitas Resources Inc                                                           | CUSIP: 17888HAD5<br>LEI: IIVIHPH28S64K95M2381 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3088302.24   | 0.04%             | 2033-06-15      | Fixed         | 9.63%                 | Yes           |                  2 | On Loan: No      |
| CLEARWATER PAPER CORP                        | Clearwater Paper Corp                                                           | CUSIP: 18538RAJ2<br>LEI: 549300HCVV19GXN4P292 | Long             | DBT              | CORP              | US        |  20725000 | PA      | $19552379.50  | 0.28%             | 2028-08-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| CLEVELAND-CLIFFS INC                         | Cleveland-Cliffs Inc                                                            | CUSIP: 185899AL5<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |   3850000 | PA      | $3420108.23   | 0.05%             | 2031-03-01      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| CLEVELAND-CLIFFS INC                         | Cleveland-Cliffs Inc                                                            | CUSIP: 185899AR2<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |   7175000 | PA      | $6991742.32   | 0.10%             | 2033-05-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| CLOUD SOFTWARE GRP INC                       | Cloud Software Group Inc                                                        | CUSIP: 18912UAC6<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |  12025000 | PA      | $12813611.53  | 0.18%             | 2032-06-30      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| COMSTOCK RESOURCES INC                       | Comstock Resources Inc                                                          | CUSIP: 205768AS3<br>LEI: I03QQGEA4SS774AURI46 | Long             | DBT              | CORP              | US        |  20950000 | PA      | $20730001.96  | 0.30%             | 2029-03-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| CONSENSUS CLOUD SOLUTION                     | Consensus Cloud Solutions Inc                                                   | CUSIP: 20848VAB1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  23175000 | PA      | $23066552.59  | 0.33%             | 2028-10-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| CROWN AMERICAS LLC                           | Crown Americas LLC                                                              | CUSIP: 228180AC9<br>LEI: RPPGGRL1J75WGF2DFO04 | Long             | DBT              | CORP              | US        |   9100000 | PA      | $9125279.80   | 0.13%             | 2033-06-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| OLYMPUS WTR US HLDG CORP                     | Olympus Water US Holding Corp                                                   | CUSIP: 25259KAA8<br>LEI: 549300YU2GGVCBN3MY89 | Long             | DBT              | CORP              | US        |  18700000 | PA      | $19627052.50  | 0.28%             | 2028-11-15      | Fixed         | 9.75%                 | Yes           |                  2 | On Loan: No      |
| DORNOCH DEBT MERGER SUB                      | Dornoch Debt Merger Sub Inc                                                     | CUSIP: 25830JAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  32475000 | PA      | $25671198.47  | 0.37%             | 2029-10-15      | Fixed         | 6.63%                 | Yes           |                  2 | On Loan: No      |
| EMRLD BOR / EMRLD CO-ISS                     | EMRLD Borrower LP / Emerald Co-Issuer Inc                                       | CUSIP: 26873CAB8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3275000 | PA      | $3376148.38   | 0.05%             | 2031-07-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| ELLUCIAN HOLDINGS INC                        | Ellucian Holdings Inc                                                           | CUSIP: 289178AA3<br>LEI: 549300RP8NIJ7FY7OS79 | Long             | DBT              | CORP              | US        |   1775000 | PA      | $1802540.90   | 0.03%             | 2029-12-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| EMBECTA CORP                                 | Embecta Corp                                                                    | CUSIP: 29082KAB1<br>LEI: 549300RPG8GXVDHNXZ62 | Long             | DBT              | CORP              | US        |   8850000 | PA      | $8498855.63   | 0.12%             | 2030-02-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| ENERGIZER HOLDINGS INC                       | Energizer Holdings Inc                                                          | CUSIP: 29272WAD1<br>LEI: 5493000D6NN0V57UME20 | Long             | DBT              | CORP              | US        |  24400000 | PA      | $23162827.28  | 0.33%             | 2029-03-31      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| ENTEGRIS INC                                 | Entegris Inc                                                                    | CUSIP: 29362UAD6<br>LEI: IYX6OWO7BT5DKO3BYG52 | Long             | DBT              | CORP              | US        |  13500000 | PA      | $12679525.35  | 0.18%             | 2029-05-01      | Fixed         | 3.63%                 | Yes           |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                     | Ford Motor Credit Co LLC                                                        | CUSIP: 345397B28<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |  30600000 | PA      | $30449881.60  | 0.43%             | 2025-11-13      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Ford Motor Credit Co LLC                     | Ford Motor Credit Co LLC                                                        | CUSIP: 345397ZR7<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |  20475000 | PA      | $20039500.85  | 0.29%             | 2029-05-03      | Fixed         | 5.11%                 | No            |                  2 | On Loan: No      |
| FRONERI LUX FINCO SARL                       | Froneri Lux FinCo SARL                                                          | CUSIP: 35901MAA5<br>LEI: 9845005YBZ75E5AA3B94 | Long             | DBT              | CORP              | LU        |  36050000 | PA      | $35943716.67  | 0.51%             | 2032-08-01      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| GAP INC/THE                                  | Gap Inc/The                                                                     | CUSIP: 364760AP3<br>LEI: T2ZG1WRWZ4BUCMQL9224 | Long             | DBT              | CORP              | US        |   8325000 | PA      | $7692529.52   | 0.11%             | 2029-10-01      | Fixed         | 3.63%                 | Yes           |                  2 | On Loan: No      |
| GARDA WORLD SECURITY                         | Garda World Security Corp                                                       | CUSIP: 36485MAK5<br>LEI: 549300ZF1NDXLMCHNO20 | Long             | DBT              | CORP              | CA        |   5625000 | PA      | $5579349.75   | 0.08%             | 2027-02-15      | Fixed         | 4.63%                 | Yes           |                  2 | On Loan: No      |
| GARDA WORLD SECURITY                         | Garda World Security Corp                                                       | CUSIP: 36485MAM1<br>LEI: 549300ZF1NDXLMCHNO20 | Long             | DBT              | CORP              | CA        |   4325000 | PA      | $4465246.78   | 0.06%             | 2028-02-15      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| GARDA WORLD SECURITY                         | Garda World Security Corp                                                       | CUSIP: 36485MAP4<br>LEI: 549300ZF1NDXLMCHNO20 | Long             | DBT              | CORP              | CA        |  25525000 | PA      | $26316428.15  | 0.37%             | 2032-11-15      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| GATES CORPORATION/DE                         | Gates Corp/The                                                                  | CUSIP: 367398AA2<br>LEI: 984500F43C791F4C7894 | Long             | DBT              | CORP              | US        |  12475000 | PA      | $12853366.75  | 0.18%             | 2029-07-01      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| GRAPHIC PACKAGING INTERN                     | Graphic Packaging International LLC                                             | CUSIP: 38869AAA5<br>LEI: SO75N4VY5NXGQSK8YQ65 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1227142.88   | 0.02%             | 2027-07-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| GRAPHIC PACKAGING INTERN                     | Graphic Packaging International LLC                                             | CUSIP: 38869AAB3<br>LEI: SO75N4VY5NXGQSK8YQ65 | Long             | DBT              | CORP              | US        |   2225000 | PA      | $2119186.54   | 0.03%             | 2028-03-15      | Fixed         | 3.50%                 | Yes           |                  2 | On Loan: No      |
| HANESBRANDS INC                              | Hanesbrands Inc                                                                 | CUSIP: 410345AQ5<br>LEI: GX5LWVWZLL5S4W1L2F20 | Long             | DBT              | CORP              | US        |  14025000 | PA      | $14779474.88  | 0.21%             | 2031-02-15      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| HERC HOLDINGS INC                            | Herc Holdings Inc                                                               | CUSIP: 42704LAG9<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |   5675000 | PA      | $5880713.08   | 0.08%             | 2033-06-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| HERENS HOLDCO SARL                           | Herens Holdco Sarl                                                              | CUSIP: 427169AA5<br>LEI: 2221002FZ55AMAUX4G64 | Long             | DBT              | CORP              | LU        |  20350000 | PA      | $17761184.93  | 0.25%             | 2028-05-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| HESS MIDSTREAM OPERATION                     | Hess Midstream Operations LP                                                    | CUSIP: 428102AE7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2800000 | PA      | $2711668.71   | 0.04%             | 2030-02-15      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| HESS MIDSTREAM OPERATION                     | Hess Midstream Operations LP                                                    | CUSIP: 428102AG2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4500000 | PA      | $4638852.00   | 0.07%             | 2029-06-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| HILTON DOMESTIC OPERATIN                     | Hilton Domestic Operating Co Inc                                                | CUSIP: 432833AJ0<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |   9275000 | PA      | $8841606.33   | 0.13%             | 2029-05-01      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| HILTON DOMESTIC OPERATIN                     | Hilton Domestic Operating Co Inc                                                | CUSIP: 432833AN1<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |   1875000 | PA      | $1691720.63   | 0.02%             | 2032-02-15      | Fixed         | 3.63%                 | Yes           |                  2 | On Loan: No      |
| HUB INTERNATIONAL LTD                        | HUB International Ltd                                                           | CUSIP: 44332PAG6<br>LEI: 549300JQT6ATTUNS5E06 | Long             | DBT              | CORP              | US        |  23675000 | PA      | $23526006.12  | 0.34%             | 2029-12-01      | Fixed         | 5.63%                 | Yes           |                  2 | On Loan: No      |
| HUB INTERNATIONAL LTD                        | HUB International Ltd                                                           | CUSIP: 44332PAH4<br>LEI: 549300JQT6ATTUNS5E06 | Long             | DBT              | CORP              | US        |  36125000 | PA      | $37680578.63  | 0.54%             | 2030-06-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| HUB INTERNATIONAL LTD                        | HUB International Ltd                                                           | CUSIP: 44332PAJ0<br>LEI: 549300JQT6ATTUNS5E06 | Long             | DBT              | CORP              | US        |  52800000 | PA      | $55010922.38  | 0.78%             | 2032-01-31      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| IHO Verwaltungs GmbH                         | IHO Verwaltungs GmbH                                                            | CUSIP: 44963BAD0<br>LEI: 529900JL0HDVGZMUJF32 | Long             | DBT              | CORP              | DE        |  16150000 | PA      | $16183123.65  | 0.23%             | 2029-05-15      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| IHO VERWALTUNGS GMBH                         | IHO Verwaltungs GmbH                                                            | CUSIP: 44963BAG3<br>LEI: 529900JL0HDVGZMUJF32 | Long             | DBT              | CORP              | DE        |  23175000 | PA      | $23844456.23  | 0.34%             | 2032-11-15      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| INSULET CORPORATION                          | Insulet Corp                                                                    | CUSIP: 45784PAL5<br>LEI: 549300TZTYD2PYN92D43 | Long             | DBT              | CORP              | US        |   2875000 | PA      | $2957351.50   | 0.04%             | 2033-04-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| IQVIA INC                                    | IQVIA Inc                                                                       | CUSIP: 46266TAG3<br>LEI: 549300PLWY28YB00C717 | Long             | DBT              | CORP              | US        |  20675000 | PA      | $21227125.88  | 0.30%             | 2032-06-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| LAMAR MEDIA CORP                             | Lamar Media Corp                                                                | CUSIP: 513075BZ3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1650000 | PA      | $1519254.99   | 0.02%             | 2031-01-15      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| MATADOR RESOURCES CO                         | Matador Resources Co                                                            | CUSIP: 576485AH9<br>LEI: 549300CI3Q2UUK5R4G79 | Long             | DBT              | CORP              | US        |   9575000 | PA      | $9509768.21   | 0.14%             | 2033-04-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| MIDAS OPCO HOLDINGS LLC                      | MIDAS OPCO HOLDINGS LLC                                                         | CUSIP: 59565JAA9<br>LEI: 984500904E015Z0C1F82 | Long             | DBT              | CORP              | US        |  31050000 | PA      | $29910853.13  | 0.43%             | 2029-08-15      | Fixed         | 5.63%                 | Yes           |                  2 | On Loan: No      |
| MEDLINE BORROWER LP                          | Mozart Debt Merger Sub Inc                                                      | CUSIP: 62482BAA0<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |  14325000 | PA      | $13670348.93  | 0.19%             | 2029-04-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| NCL CORPORATION LTD                          | NCL Corp Ltd                                                                    | CUSIP: 62886HBR1<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |   8600000 | PA      | $8838611.21   | 0.13%             | 2032-02-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| NRG Energy Inc                               | NRG Energy Inc                                                                  | CUSIP: 629377CH3<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |   7375000 | PA      | $7298034.50   | 0.10%             | 2029-06-15      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| NABORS INDUSTRIES INC                        | Nabors Industries Inc                                                           | CUSIP: 62957HAJ4<br>LEI: 549300VFQWRKICUFNU92 | Long             | DBT              | CORP              | US        |   1575000 | PA      | $1590999.78   | 0.02%             | 2027-05-15      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| NABORS INDUSTRIES INC                        | Nabors Industries Inc                                                           | CUSIP: 62957HAP0<br>LEI: 549300VFQWRKICUFNU92 | Long             | DBT              | CORP              | US        |   5925000 | PA      | $5870166.50   | 0.08%             | 2030-01-31      | Fixed         | 9.13%                 | Yes           |                  2 | On Loan: No      |
| XPLR INFRAST OPERATING                       | NextEra Energy Operating Partners LP                                            | CUSIP: 65342QAM4<br>LEI: 549300KJEC5IUVJWR786 | Long             | DBT              | CORP              | US        |  19900000 | PA      | $20311007.83  | 0.29%             | 2029-01-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| GEN DIGITAL INC                              | Gen Digital Inc                                                                 | CUSIP: 668771AM0<br>LEI: YF6ZV0M6AU4FY94MK914 | Long             | DBT              | CORP              | US        |   8650000 | PA      | $8840109.70   | 0.13%             | 2033-04-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| OLYMPUS WTR US HLDG CORP                     | Olympus Water US Holding Corp                                                   | CUSIP: 681639AA8<br>LEI: 549300YU2GGVCBN3MY89 | Long             | DBT              | CORP              | US        |  17475000 | PA      | $16655326.39  | 0.24%             | 2028-10-01      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| OLYMPUS WTR US HLDG CORP                     | Olympus Water US Holding Corp                                                   | CUSIP: 681639AD2<br>LEI: 549300YU2GGVCBN3MY89 | Long             | DBT              | CORP              | US        |   4750000 | PA      | $4855165.00   | 0.07%             | 2031-06-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| 1011778 BC / NEW RED FIN                     | 1011778 BC ULC / New Red Finance Inc                                            | CUSIP: 68245XAJ8<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |   3900000 | PA      | $3815442.15   | 0.05%             | 2028-01-15      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| 1011778 BC / NEW RED FIN                     | 1011778 BC ULC / New Red Finance Inc                                            | CUSIP: 68245XAM1<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |  56175000 | PA      | $52116485.45  | 0.74%             | 2030-10-15      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| OPAL BIDCO SAS                               | OPAL BIDCO                                                                      | CUSIP: 68348BAA1<br>LEI: 969500R96XT7XY2UJ564 | Long             | DBT              | CORP              | FR        |   6375000 | PA      | $6442962.60   | 0.09%             | 2032-03-31      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| ORGANON & CO/ORGANON FOR                     | Organon & Co / Organon Foreign Debt Co-Issuer BV                                | CUSIP: 68622FAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  15900000 | PA      | $14255467.77  | 0.20%             | 2034-05-15      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| OUTFRONT MEDIA CAP LLC/C                     | Outfront Media Capital LLC / Outfront Media Capital Corp                        | CUSIP: 69007TAG9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3200000 | PA      | $3362902.40   | 0.05%             | 2031-02-15      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| PERFORMANCE FOOD GROUP I                     | Performance Food Group Inc                                                      | CUSIP: 69346VAA7<br>LEI: 549300OMUOGBYK0FFO76 | Long             | DBT              | CORP              | US        |   6475000 | PA      | $6470287.50   | 0.09%             | 2027-10-15      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| PATRICK INDUSTRIES INC                       | Patrick Industries Inc                                                          | CUSIP: 703343AH6<br>LEI: 549300FZ5ZTCCJ3Z5W14 | Long             | DBT              | CORP              | US        |  19000000 | PA      | $19030153.00  | 0.27%             | 2032-11-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| PENN ENTERTAINMENT INC                       | Penn National Gaming Inc                                                        | CUSIP: 707569AS8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   6225000 | PA      | $6192377.89   | 0.09%             | 2027-01-15      | Fixed         | 5.63%                 | Yes           |                  2 | On Loan: No      |
| PENN ENTERTAINMENT INC                       | Penn National Gaming Inc                                                        | CUSIP: 707569AV1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   6375000 | PA      | $5913452.74   | 0.08%             | 2029-07-01      | Fixed         | 4.13%                 | Yes           |                  2 | On Loan: No      |
| PERFORMANCE FOOD GROUP I                     | Performance Food Group Inc                                                      | CUSIP: 71376LAF7<br>LEI: 549300OMUOGBYK0FFO76 | Long             | DBT              | CORP              | US        |   3950000 | PA      | $4016111.15   | 0.06%             | 2032-09-15      | Fixed         | 6.13%                 | Yes           |                  2 | On Loan: No      |
| ROCKETMTGE CO-ISSUER INC                     | Quicken Loans LLC / Quicken Loans Co-Issuer Inc                                 | CUSIP: 74841CAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  14975000 | PA      | $14157516.55  | 0.20%             | 2029-03-01      | Fixed         | 3.63%                 | Yes           |                  2 | On Loan: No      |
| RHP HOTEL PPTY/RHP FINAN                     | RHP Hotel Properties LP / RHP Finance Corp                                      | CUSIP: 749571AK1<br>LEI: N/A                  | Long             | DBT              |  | US        |  12925000 | PA      | $13210190.13  | 0.19%             | 2032-04-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| SPX FLOW INC                                 | Redwood Star Merger Sub Inc                                                     | CUSIP: 758071AA2<br>LEI: 5493003YXEKRBINIEM78 | Long             | DBT              | CORP              | US        |  32275000 | PA      | $33364152.15  | 0.48%             | 2030-04-01      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| ROCKET COS INC                               | Rocket Cos Inc                                                                  | CUSIP: 77311WAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  12500000 | PA      | $12765415.00  | 0.18%             | 2033-08-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| ROCKETMTGE CO-ISSUER INC                     | Rocket Mortgage LLC / Rocket Mortgage Co-Issuer Inc                             | CUSIP: 77313LAB9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  11300000 | PA      | $10008581.76  | 0.14%             | 2033-10-15      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| RYAN SPECIALTY                               | Ryan Specialty LLC                                                              | CUSIP: 78351GAA3<br>LEI: 549300K52N7QBO3PYY45 | Long             | DBT              | CORP              | US        |  13325000 | PA      | $13373556.30  | 0.19%             | 2032-08-01      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| SM Energy Co                                 | SM Energy Co                                                                    | CUSIP: 78454LAP5<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | DBT              | CORP              | US        |   4575000 | PA      | $4568687.42   | 0.07%             | 2027-01-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| SCIENCE APPLICATIONS INT                     | Science Applications International Corp                                         | CUSIP: 808625AA5<br>LEI: 549300LZPNZIXQGZPZ48 | Long             | DBT              | CORP              | US        |   4350000 | PA      | $4291666.07   | 0.06%             | 2028-04-01      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| SEALED AIR CORP                              | Sealed Air Corp                                                                 | CUSIP: 81211KAY6<br>LEI: Q0M0CZB4YN6JZ65WXI09 | Long             | DBT              | CORP              | US        |   3950000 | PA      | $3838552.73   | 0.05%             | 2027-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ALLIED UNIVERSAL HOLDCO                      | Allied Universal Holdco LLC                                                     | CUSIP: 019576AD9<br>LEI: 98450038B4549046D794 | Long             | DBT              | CORP              | US        |  13375000 | PA      | $14034481.13  | 0.20%             | 2031-02-15      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| ARCHROCK PARTNERS LP/FIN                     | Archrock Partners LP / Archrock Partners Finance Corp                           | CUSIP: 03959KAC4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  26950000 | PA      | $26967733.91  | 0.38%             | 2028-04-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| ARDAGH METAL PACKAGING                       | Ardagh Metal Packaging Finance USA LLC / Ardagh Metal Packaging Finance PLC     | CUSIP: 03969YAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |  23400000 | PA      | $21333970.71  | 0.30%             | 2029-09-01      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| ALLIANT HOLD / CO-ISSUER                     | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer                  | CUSIP: 01883LAD5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5200000 | PA      | $5124897.96   | 0.07%             | 2029-11-01      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| ALLIANT HOLD / CO-ISSUER                     | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer                  | CUSIP: 01883LAH6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  14675000 | PA      | $15103906.23  | 0.22%             | 2032-10-01      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| ABC SUPPLY CO INC                            | American Builders & Contractors Supply Co Inc                                   | CUSIP: 024747AF4<br>LEI: 549300H5GQ4C1BEKG397 | Long             | DBT              | CORP              | US        |   9850000 | PA      | $9595930.09   | 0.14%             | 2028-01-15      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| AMWINS GROUP INC                             | AmWINS Group Inc                                                                | CUSIP: 031921AC3<br>LEI: 549300SJE7MUB8NMRG61 | Long             | DBT              | CORP              | US        |  11225000 | PA      | $11437713.75  | 0.16%             | 2029-02-15      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| ANTERO MIDSTREAM PART/FI                     | Antero Midstream Partners LP / Antero Midstream Finance Corp                    | CUSIP: 03690AAF3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  32175000 | PA      | $32153249.70  | 0.46%             | 2028-01-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| ANTERO MIDSTREAM PART/FI                     | Antero Midstream Partners LP / Antero Midstream Finance Corp                    | CUSIP: 03690AAH9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   9325000 | PA      | $9253598.48   | 0.13%             | 2029-06-15      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYS                     | CHS/Community Health Systems Inc                                                | CUSIP: 12543DBQ2<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |   7050000 | PA      | $7103851.85   | 0.10%             | 2034-01-15      | Fixed         | 9.75%                 | Yes           |                  2 | On Loan: No      |
| CAESARS ENTERTAIN INC                        | Caesars Entertainment Inc                                                       | CUSIP: 12769GAA8<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |   6300000 | PA      | $5958216.81   | 0.08%             | 2029-10-15      | Fixed         | 4.63%                 | Yes           |                  2 | On Loan: No      |
| CAESARS ENTERTAIN INC                        | Caesars Entertainment Inc                                                       | CUSIP: 12769GAB6<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |  13725000 | PA      | $14166354.83  | 0.20%             | 2030-02-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| CALPINE CORP                                 | Calpine Corp                                                                    | CUSIP: 131347CP9<br>LEI: 43R4VPJBXTU2O15HEF41 | Long             | DBT              | CORP              | US        |   7900000 | PA      | $7769270.80   | 0.11%             | 2029-02-01      | Fixed         | 4.63%                 | Yes           |                  2 | On Loan: No      |
| CAMELOT RETURN MERGER SU                     | Camelot Return Merger Sub Inc                                                   | CUSIP: 13323NAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1350000 | PA      | $1238314.50   | 0.02%             | 2028-08-01      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| CARS.COM INC                                 | Cars.com Inc                                                                    | CUSIP: 14575EAA3<br>LEI: 5493002G6J07LNGX4M98 | Long             | DBT              | CORP              | US        |  14350000 | PA      | $14332426.99  | 0.20%             | 2028-11-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| PERMIAN RESOURC OPTG LLC                     | Centennial Resource Production LLC                                              | CUSIP: 15138AAA8<br>LEI: 5493004CTVUMQLRPOE23 | Long             | DBT              | CORP              | US        |  10925000 | PA      | $10914722.85  | 0.16%             | 2026-01-15      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| CHAMP ACQUISITION CORP                       | Champ Acquisition Corp                                                          | CUSIP: 15807XAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   9675000 | PA      | $10259805.38  | 0.15%             | 2031-12-01      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| CLARIV SCI HLD CORP                          | Clarivate Science Holdings Corp                                                 | CUSIP: 18064PAD1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  44575000 | PA      | $41782046.40  | 0.60%             | 2029-07-01      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| CLEVELAND-CLIFFS INC                         | Cleveland-Cliffs Inc                                                            | CUSIP: 185899AK7<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |  19175000 | PA      | $18090389.14  | 0.26%             | 2029-03-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| COREWEAVE INC                                | CoreWeave Inc                                                                   | CUSIP: 21873SAC2<br>LEI: 984500511DP2B6186053 | Long             | DBT              | CORP              | US        |   8250000 | PA      | $8225137.64   | 0.12%             | 2031-02-01      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                           | Crestwood Midstream Partners LP / Crestwood Midstream Finance Corp              | CUSIP: 226373AT5<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |  11575000 | PA      | $12108020.53  | 0.17%             | 2031-02-01      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| EQT CORP                                     | EQT Corp                                                                        | CUSIP: 26884LAY5<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | DBT              | CORP              | US        |   5525000 | PA      | $5689983.30   | 0.08%             | 2029-04-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| ELASTIC NV                                   | Elastic NV                                                                      | CUSIP: 28415LAA1<br>LEI: 2549003I48WHHH937I59 | Long             | DBT              | CORP              | NL        |  25125000 | PA      | $23921351.70  | 0.34%             | 2029-07-15      | Fixed         | 4.13%                 | Yes           |                  2 | On Loan: No      |
| SEALED AIR/SEALED AIR US                     | Sealed Air Corp/Sealed Air Corp US                                              | CUSIP: 812127AB4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5900000 | PA      | $6139864.50   | 0.09%             | 2031-02-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| SEAWORLD PARKS & ENTERTA                     | SeaWorld Parks & Entertainment Inc                                              | CUSIP: 81282UAG7<br>LEI: 549300UZV72O3371JJ53 | Long             | DBT              | CORP              | US        |  32625000 | PA      | $31791166.99  | 0.45%             | 2029-08-15      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| FAIR ISAAC CORP                              | Fair Isaac Corp                                                                 | CUSIP: 303250AG9<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | DBT              | CORP              | US        |   8500000 | PA      | $8561162.35   | 0.12%             | 2033-05-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                     | Ford Motor Credit Co LLC                                                        | CUSIP: 345397A86<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   9725000 | PA      | $9477718.15   | 0.13%             | 2027-08-17      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| SELECT MEDICAL CORP                          | Select Medical Corp                                                             | CUSIP: 816196AV1<br>LEI: 549300X05KS0JKR8CB50 | Long             | DBT              | CORP              | US        |  18250000 | PA      | $18225154.45  | 0.26%             | 2032-12-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| SENSATA TECH INC                             | Sensata Technologies Inc                                                        | CUSIP: 81728UAA2<br>LEI: 5493002MMDDCUNV7NY90 | Long             | DBT              | CORP              | US        |   3100000 | PA      | $2970042.73   | 0.04%             | 2030-02-15      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| AXALTA COATING SYSTEMS                       | Axalta Coating Systems LLC                                                      | CUSIP: 05453GAC9<br>LEI: 549300G80QONCHILSF69 | Long             | DBT              | CORP              | US        |   5550000 | PA      | $5207553.90   | 0.07%             | 2029-02-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| BALL CORP                                    | Ball Corp                                                                       | CUSIP: 058498AZ9<br>LEI: 0BGI85ALH27ZJP15DY16 | Long             | DBT              | CORP              | US        |   6325000 | PA      | $6445358.43   | 0.09%             | 2029-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BAUSCH HEALTH COS INC                        | Bausch Health Cos Inc                                                           | CUSIP: 071734AM9<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | DBT              | CORP              | CA        |   9675000 | PA      | $6878296.13   | 0.10%             | 2029-02-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| BLUE RACER MID LLC/FINAN                     | Blue Racer Midstream LLC / Blue Racer Finance Corp                              | CUSIP: 095796AK4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   8325000 | PA      | $8784589.95   | 0.13%             | 2032-07-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| BOYD GAMING CORP                             | Boyd Gaming Corp                                                                | CUSIP: 103304BU4<br>LEI: 254900787YGRYS2A1Z35 | Long             | DBT              | CORP              | US        |  12800000 | PA      | $12706611.20  | 0.18%             | 2027-12-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| BOYD GAMING CORP                             | Boyd Gaming Corp                                                                | CUSIP: 103304BV2<br>LEI: 254900787YGRYS2A1Z35 | Long             | DBT              | CORP              | US        |   8675000 | PA      | $8268328.67   | 0.12%             | 2031-06-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| BROADSTREET PARTNERS INC                     | BroadStreet Partners Inc                                                        | CUSIP: 11135RAA3<br>LEI: 549300BS9N54G8DD0R75 | Long             | DBT              | CORP              | US        |  58850000 | PA      | $58507799.02  | 0.83%             | 2029-04-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                       | CCO Holdings LLC / CCO Holdings Capital Corp                                    | CUSIP: 1248EPCP6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   8100000 | PA      | $6986430.31   | 0.10%             | 2034-01-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYS                     | CHS/Community Health Systems Inc                                                | CUSIP: 12543DBG4<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |  10825000 | PA      | $10848804.18  | 0.15%             | 2027-03-15      | Fixed         | 5.63%                 | Yes           |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYS                     | CHS/Community Health Systems Inc                                                | CUSIP: 12543DBM1<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |  15700000 | PA      | $13748961.00  | 0.20%             | 2030-05-15      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                             | CSC Holdings LLC                                                                | CUSIP: 126307BH9<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |  25925000 | PA      | $17297676.94  | 0.25%             | 2031-11-15      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| CACI INTERNATIONAL INC                       | CACI International Inc                                                          | CUSIP: 127190AE6<br>LEI: SYRPI2D1O9WRTS2WX210 | Long             | DBT              | CORP              | US        |   5900000 | PA      | $6040366.90   | 0.09%             | 2033-06-15      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| CALPINE CORP                                 | Calpine Corp                                                                    | CUSIP: 131347CM6<br>LEI: 43R4VPJBXTU2O15HEF41 | Long             | DBT              | CORP              | US        |  13300000 | PA      | $13163717.56  | 0.19%             | 2028-02-15      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| CARNIVAL CORP                                | Carnival Corp                                                                   | CUSIP: 143658BW1<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |   3825000 | PA      | $4021941.60   | 0.06%             | 2029-08-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| CELANESE US HOLDINGS LLC                     | Celanese US Holdings LLC                                                        | CUSIP: 15089QAZ7<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |   3650000 | PA      | $3694369.40   | 0.05%             | 2030-04-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ESC CB CHESAPEAKE ENER                       | ESC CB CHESAPEAKE ENER 10/24 7                                                  | CUSIP: 165ESCAF1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  10175000 | PA      | $39682.50     | 0.00%             | 2024-10-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| CIVITAS RESOURCES INC                        | Civitas Resources Inc                                                           | CUSIP: 17888HAB9<br>LEI: IIVIHPH28S64K95M2381 | Long             | DBT              | CORP              | US        |   3250000 | PA      | $3294163.28   | 0.05%             | 2031-07-01      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| CLEVELAND-CLIFFS INC                         | Cleveland-Cliffs Inc                                                            | CUSIP: 185899AP6<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |  16000000 | PA      | $15629753.60  | 0.22%             | 2032-03-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| CONCENTRA HEALTH SERVICE                     | Concentra Escrow Issuer Corp                                                    | CUSIP: 20600DAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   7500000 | PA      | $7715551.80   | 0.11%             | 2032-07-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| COREWEAVE INC                                | CoreWeave Inc                                                                   | CUSIP: 21873SAB4<br>LEI: 984500511DP2B6186053 | Long             | DBT              | CORP              | US        |  21450000 | PA      | $21574429.73  | 0.31%             | 2030-06-01      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| CUMULUS MEDIA NEW HLDGS                      | Cumulus Media New Holdings Inc                                                  | CUSIP: 23110AAB2<br>LEI: 5493001D9VBAVY1OKJ46 | Long             | DBT              | CORP              | US        |   3674000 | PA      | $1001165.00   | 0.01%             | 2029-07-01      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| DT MIDSTREAM INC                             | DT Midstream Inc                                                                | CUSIP: 23345MAB3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  15875000 | PA      | $15121597.58  | 0.22%             | 2031-06-15      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| FORTRESS INTERMEDIATE                        | Fortress Intermediate 3 Inc                                                     | CUSIP: 34966MAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  16500000 | PA      | $17337094.50  | 0.25%             | 2031-06-01      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| GARDA WORLD SECURITY                         | Garda World Security Corp                                                       | CUSIP: 36485MAN9<br>LEI: 549300ZF1NDXLMCHNO20 | Long             | DBT              | CORP              | CA        |   5800000 | PA      | $5986188.24   | 0.09%             | 2032-08-01      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| NEOGEN FOOD SAFE CORP                        | Garden Spinco Corp                                                              | CUSIP: 365417AA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3175000 | PA      | $3211845.88   | 0.05%             | 2030-07-20      | Fixed         | 8.63%                 | Yes           |                  2 | On Loan: No      |
| GRAY MEDIA INC                               | Gray Escrow II Inc                                                              | CUSIP: 389286AA3<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |  12325000 | PA      | $9107781.83   | 0.13%             | 2031-11-15      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| GRIFOLS SA                                   | Grifols Escrow Issuer SA                                                        | CUSIP: 39843UAA0<br>LEI: 959800HSSNXWRKBK4N60 | Long             | DBT              | CORP              | ES        |  40400000 | PA      | $38952399.32  | 0.55%             | 2028-10-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| H.B. FULLER CO                               | HB Fuller Co                                                                    | CUSIP: 40410KAA3<br>LEI: JSMX3Z5FOYM8V0Q52357 | Long             | DBT              | CORP              | US        |  10350000 | PA      | $10019692.17  | 0.14%             | 2028-10-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| INTERFACE INC                                | Interface Inc                                                                   | CUSIP: 458665AS5<br>LEI: 549300VXZWQOIDFPU355 | Long             | DBT              | CORP              | US        |  14925000 | PA      | $14723155.79  | 0.21%             | 2028-12-01      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| INVERSION ESCROW ISSUER                      | Inversion Escrow Issuer LLC                                                     | CUSIP: 46150DAA0<br>LEI: 254900P6GHORGRVLKI95 | Long             | DBT              | CORP              | US        |  14425000 | PA      | $14263256.51  | 0.20%             | 2032-08-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| IQVIA Inc                                    | IQVIA Inc                                                                       | CUSIP: 46266TAA6<br>LEI: 549300PLWY28YB00C717 | Long             | DBT              | CORP              | US        |   8450000 | PA      | $8407685.10   | 0.12%             | 2027-05-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| MIWD HLDCO II/MIWD FIN                       | MIWD Holdco II LLC / MIWD Finance Corp                                          | CUSIP: 55337PAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   9600000 | PA      | $9161688.96   | 0.13%             | 2030-02-01      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| MACQUARIE AIRFINANCE HLD                     | Macquarie Airfinance Holdings Ltd                                               | CUSIP: 55609NAB4<br>LEI: 549300MCGUSL5B852H65 | Long             | DBT              | CORP              | GB        |   2025000 | PA      | $2118176.33   | 0.03%             | 2029-03-30      | Fixed         | 8.13%                 | Yes           |                  2 | On Loan: No      |
| MEDLINE BORROWER/MEDL CO                     | Medline Borrower LP/Medline Co-Issuer Inc                                       | CUSIP: 58506DAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   8275000 | PA      | $8447889.58   | 0.12%             | 2029-04-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| MILLENNIUM ESCROW CORP                       | Millennium Escrow Corp                                                          | CUSIP: 60041CAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  14825000 | PA      | $13998801.27  | 0.20%             | 2026-08-01      | Fixed         | 6.63%                 | Yes           |                  2 | On Loan: No      |
| MEDLINE BORROWER LP                          | Mozart Debt Merger Sub Inc                                                      | CUSIP: 62482BAB8<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |  66175000 | PA      | $64923425.61  | 0.92%             | 2029-10-01      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| NCR VOYIX CORP                               | NCR Corp                                                                        | CUSIP: 62886EBA5<br>LEI: 549300YKTY8JX1DV2R67 | Long             | DBT              | CORP              | US        |   7025000 | PA      | $6890919.45   | 0.10%             | 2029-04-15      | Fixed         | 5.13%                 | Yes           |                  2 | On Loan: No      |
| NCL CORPORATION LTD                          | NCL Corp Ltd                                                                    | CUSIP: 62886HBG5<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |   4750000 | PA      | $5042220.00   | 0.07%             | 2029-02-15      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| NRG Energy Inc                               | NRG ENERGY INC COMPANY GUAR 01/28 5.75                                          | CUSIP: 629377CE0<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |   4325000 | PA      | $4341106.30   | 0.06%             | 2028-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                               | NRG Energy Inc                                                                  | CUSIP: 629377CW0<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |   4100000 | PA      | $4114567.30   | 0.06%             | 2033-02-01      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| NAVIENT CORP                                 | Navient Corp                                                                    | CUSIP: 63938CAL2<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |   5650000 | PA      | $5518563.03   | 0.08%             | 2028-03-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| NAVIENT CORP                                 | Navient Corp                                                                    | CUSIP: 63938CAM0<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |   8700000 | PA      | $8518317.03   | 0.12%             | 2029-03-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| XPLR INFRAST OPERATING                       | NextEra Energy Operating Partners LP                                            | CUSIP: 65342QAB8<br>LEI: 549300KJEC5IUVJWR786 | Long             | DBT              | CORP              | US        |   6625000 | PA      | $6420761.19   | 0.09%             | 2027-09-15      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| NORTHRIVER MIDSTREAM FIN                     | Northriver Midstream Finance LP                                                 | CUSIP: 66679NAB6<br>LEI: 549300SOLNLY3BL6GF18 | Long             | DBT              | CORP              | CA        |  20325000 | PA      | $20710504.28  | 0.29%             | 2032-07-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| OCCIDENTAL PETROLEUM COR                     | Occidental Petroleum Corp                                                       | CUSIP: 674599DR3<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2642812.50   | 0.04%             | 2028-05-15      | Fixed         | 7.15%                 | No            |                  2 | On Loan: No      |
| OI EUROPEAN GROUP BV                         | OI European Group BV                                                            | CUSIP: 67777LAD5<br>LEI: 72450053F5WRDY8CDZ66 | Long             | DBT              | CORP              | NL        |   3875000 | PA      | $3675672.09   | 0.05%             | 2030-02-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| OLYMPUS WTR US HLDG CORP                     | Olympus Water US Holding Corp                                                   | CUSIP: 681639AB6<br>LEI: 549300YU2GGVCBN3MY89 | Long             | DBT              | CORP              | US        |  20400000 | PA      | $19560250.32  | 0.28%             | 2029-10-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| 1011778 BC / NEW RED FIN                     | 1011778 BC ULC / New Red Finance Inc                                            | CUSIP: 68245XAT6<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |   6400000 | PA      | $6446195.20   | 0.09%             | 2029-09-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| OPEN TEXT CORP                               | Open Text Corp                                                                  | CUSIP: 683715AF3<br>LEI: 549300HP7ONDQODZJV16 | Long             | DBT              | CORP              | CA        |   9050000 | PA      | $9352686.30   | 0.13%             | 2027-12-01      | Fixed         | 6.90%                 | Yes           |                  2 | On Loan: No      |
| OUTFRONT MEDIA CAP LLC/C                     | Outfront Media Capital LLC / Outfront Media Capital Corp                        | CUSIP: 69007TAC8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   9525000 | PA      | $9052551.43   | 0.13%             | 2030-03-15      | Fixed         | 4.63%                 | Yes           |                  2 | On Loan: No      |
| OWENS-BROCKWAY                               | Owens-Brockway Glass Container Inc                                              | CUSIP: 69073TAT0<br>LEI: V2UQUCDZJ9WY98W8QU33 | Long             | DBT              | CORP              | US        |   3373000 | PA      | $3379816.83   | 0.05%             | 2027-05-13      | Fixed         | 6.63%                 | Yes           |                  2 | On Loan: No      |
| PERFORMANCE FOOD GROUP I                     | Performance Food Group Inc                                                      | CUSIP: 71376LAE0<br>LEI: 549300OMUOGBYK0FFO76 | Long             | DBT              | CORP              | US        |  17025000 | PA      | $16383152.39  | 0.23%             | 2029-08-01      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| POST HOLDINGS INC                            | Post Holdings Inc                                                               | CUSIP: 737446AP9<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |  12325000 | PA      | $12225867.56  | 0.17%             | 2029-12-15      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| QUIKRETE HOLDINGS INC                        | Quikrete Holdings Inc                                                           | CUSIP: 74843PAB6<br>LEI: 5493007KIN86DIZWZT22 | Long             | DBT              | CORP              | US        |   8375000 | PA      | $8594963.35   | 0.12%             | 2033-03-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| RAVEN ACQUISITION HOLDIN                     | Raven Acquisition Holdings LLC                                                  | CUSIP: 75420NAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  22800000 | PA      | $23085613.09  | 0.33%             | 2031-11-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| TGNR INTERMEDIATE HOLDIN                     | Rockcliff Energy II LLC                                                         | CUSIP: 77289KAA3<br>LEI: 5493007AZNVKZ5HEMT23 | Long             | DBT              | CORP              | US        |  20400000 | PA      | $19888215.00  | 0.28%             | 2029-10-15      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES                      | Royal Caribbean Cruises Ltd                                                     | CUSIP: 780153BH4<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |    750000 | PA      | $747436.50    | 0.01%             | 2026-07-01      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| SEALED AIR CORP                              | Sealed Air Corp                                                                 | CUSIP: 81211KBA7<br>LEI: Q0M0CZB4YN6JZ65WXI09 | Long             | DBT              | CORP              | US        |   2525000 | PA      | $2492681.26   | 0.04%             | 2029-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SENSATA TECHNOLOGIES BV                      | Sensata Technologies BV                                                         | CUSIP: 81725WAL7<br>LEI: PUCKW5P5O3XMOZVH7T53 | Long             | DBT              | CORP              | NL        |   8700000 | PA      | $8716416.90   | 0.12%             | 2030-09-01      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| SIRIUS XM RADIO LLC                          | Sirius XM Radio Inc                                                             | CUSIP: 82967NBC1<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |  20375000 | PA      | $20138757.99  | 0.29%             | 2029-07-01      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| SIX FLAGS ENTERTAINME                        | Six Flags Entertainment Corp                                                    | CUSIP: 83001AAC6<br>LEI: 549300JYTDUAA4JQ3717 | Long             | DBT              | CORP              | US        |   5775000 | PA      | $5763414.77   | 0.08%             | 2027-04-15      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| TERRAFORM POWER OPERATIN                     | TerraForm Power Operating LLC                                                   | CUSIP: 88104LAE3<br>LEI: 5493000S2OLR3UT5BE13 | Long             | DBT              | CORP              | US        |  27175000 | PA      | $26830274.26  | 0.38%             | 2028-01-31      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| TRANSDIGM INC                                | TransDigm Inc                                                                   | CUSIP: 893647BW6<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |   2950000 | PA      | $2967150.42   | 0.04%             | 2033-01-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| COHERENT CORP                                | II-VI Inc                                                                       | CUSIP: 902104AC2<br>LEI: 549300O5C25A0MMHHU33 | Long             | DBT              | CORP              | US        |  19450000 | PA      | $19050596.20  | 0.27%             | 2029-12-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| UNITED RENTALS NORTH AM                      | United Rentals North America Inc                                                | CUSIP: 911365BP8<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2279400.25   | 0.03%             | 2032-01-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| VZ SECURED FINANCING BV                      | VZ Secured Financing BV                                                         | CUSIP: 91845AAA3<br>LEI: 549300MG611MYCOWY949 | Long             | DBT              | CORP              | NL        |  15350000 | PA      | $13515188.41  | 0.19%             | 2032-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUE                        | Venture Global Plaquemines LNG LLC                                              | CUSIP: 922966AB2<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |  17875000 | PA      | $19610518.07  | 0.28%             | 2035-05-01      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUE                        | Venture Global Plaquemines LNG LLC                                              | CUSIP: 922966AC0<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |  14850000 | PA      | $15286234.49  | 0.22%             | 2034-01-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| SIRIUS XM RADIO LLC                          | Sirius XM Radio Inc                                                             | CUSIP: 82967NBA5<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |   3600000 | PA      | $3563666.42   | 0.05%             | 2027-08-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| SIRIUS XM RADIO LLC                          | Sirius XM Radio Inc                                                             | CUSIP: 82967NBG2<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |  16625000 | PA      | $15180681.51  | 0.22%             | 2030-07-01      | Fixed         | 4.13%                 | Yes           |                  2 | On Loan: No      |
| EXPAND ENERGY CORP                           | Southwestern Energy Co                                                          | CUSIP: 845467AS8<br>LEI: EFWMP121W54QV9MGOP87 | Long             | DBT              | CORP              | US        |   6975000 | PA      | $6987665.34   | 0.10%             | 2030-03-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| STANDARD BUILDING SOLUTI                     | Standard Building Solutions Inc                                                 | CUSIP: 853191AC8<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |  14050000 | PA      | $14194662.73  | 0.20%             | 2033-08-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| STANDARD INDUSTRI INC/NY                     | Standard Industries Inc/NJ                                                      | CUSIP: 853496AC1<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |  28400000 | PA      | $28403348.36  | 0.40%             | 2027-02-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| STANDARD INDUSTRI INC/NY                     | Standard Industries Inc/NJ                                                      | CUSIP: 853496AD9<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |   5950000 | PA      | $5873240.84   | 0.08%             | 2028-01-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| STENA INTERNATIONAL SA                       | Stena International SA                                                          | CUSIP: 85858EAD5<br>LEI: 213800A4LTGG4W55QP46 | Long             | DBT              | CORP              | LU        |  15225000 | PA      | $15486641.63  | 0.22%             | 2031-01-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| SYNAPTICS INC                                | Synaptics Inc                                                                   | CUSIP: 87157DAG4<br>LEI: 549300AJ3LI4FWNRQX29 | Long             | DBT              | CORP              | US        |  13950000 | PA      | $13184285.90  | 0.19%             | 2029-06-15      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| TTM TECHNOLOGIES INC                         | TTM Technologies Inc                                                            | CUSIP: 87305RAK5<br>LEI: 549300SC4BDOIS008048 | Long             | DBT              | CORP              | US        |   1775000 | PA      | $1691053.68   | 0.02%             | 2029-03-01      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| TARGA RESOURCES PARTNERS                     | Targa Resources Partners LP / Targa Resources Partners Finance Corp             | CUSIP: 87612BBG6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   9525000 | PA      | $9516391.69   | 0.14%             | 2028-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Teleflex Inc                                 | Teleflex Inc                                                                    | CUSIP: 879369AF3<br>LEI: UUL85LWXB4NGSWWXIQ25 | Long             | DBT              | CORP              | US        |   4600000 | PA      | $4528128.59   | 0.06%             | 2027-11-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| TELEFLEX INC                                 | Teleflex Inc                                                                    | CUSIP: 879369AG1<br>LEI: UUL85LWXB4NGSWWXIQ25 | Long             | DBT              | CORP              | US        |   1550000 | PA      | $1502393.77   | 0.02%             | 2028-06-01      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                        | Tenet Healthcare Corp                                                           | CUSIP: 88033GDH0<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |   4625000 | PA      | $4550122.18   | 0.06%             | 2028-06-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| TRANSALTA CORP                               | TransAlta Corp                                                                  | CUSIP: 89346DAH0<br>LEI: GJZNVO2UY6DNFNIYH321 | Long             | DBT              | CORP              | CA        |   8350000 | PA      | $8707446.80   | 0.12%             | 2029-11-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                | TransDigm Inc                                                                   | CUSIP: 893647BR7<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |  13925000 | PA      | $14225947.10  | 0.20%             | 2028-08-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| TRANSDIGM INC                                | TransDigm Inc                                                                   | CUSIP: 893647BS5<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |  38600000 | PA      | $40034839.20  | 0.57%             | 2030-12-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| TRANSDIGM INC                                | TransDigm Inc                                                                   | CUSIP: 893647BU0<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |   9550000 | PA      | $9785894.55   | 0.14%             | 2029-03-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| TRIVIUM PACKAGING FIN                        | Trivium Packaging Finance BV                                                    | CUSIP: 89686QAC0<br>LEI: 724500GMZWW3PVYET548 | Long             | DBT              | CORP              | NL        |   8125000 | PA      | $8538245.63   | 0.12%             | 2031-01-15      | Fixed         | 12.25%                | Yes           |                  2 | On Loan: No      |
| US FOODS INC                                 | US Foods Inc                                                                    | CUSIP: 90290MAE1<br>LEI: 5493000JOOFAOUY1JZ87 | Long             | DBT              | CORP              | US        |   3550000 | PA      | $3423867.08   | 0.05%             | 2030-06-01      | Fixed         | 4.63%                 | Yes           |                  2 | On Loan: No      |
| US FOODS INC                                 | US Foods Inc                                                                    | CUSIP: 90290MAJ0<br>LEI: 5493000JOOFAOUY1JZ87 | Long             | DBT              | CORP              | US        |   2850000 | PA      | $2830914.12   | 0.04%             | 2033-04-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| UNITED RENTALS NORTH AM                      | United Rentals North America Inc                                                | CUSIP: 911365BR4<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |   5650000 | PA      | $5800024.45   | 0.08%             | 2034-03-15      | Fixed         | 6.13%                 | Yes           |                  2 | On Loan: No      |
| UNITED WHOLESALE MTGE LL                     | United Wholesale Mortgage LLC                                                   | CUSIP: 913229AA8<br>LEI: 549300HW662MN1WU8550 | Long             | DBT              | CORP              | US        |  19600000 | PA      | $19187821.80  | 0.27%             | 2029-04-15      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| UNITED WHOLESALE MTGE LL                     | United Wholesale Mortgage LLC                                                   | CUSIP: 913229AC4<br>LEI: 549300HW662MN1WU8550 | Long             | DBT              | CORP              | US        |  11200000 | PA      | $11208392.94  | 0.16%             | 2027-06-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| UNIVISION COMMUNICATIONS                     | Univision Communications Inc                                                    | CUSIP: 914906AY8<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |  15600000 | PA      | $16039327.20  | 0.23%             | 2028-08-15      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| UNIVISION COMMUNICATIONS                     | Univision Communications Inc                                                    | CUSIP: 914906BA9<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |   3950000 | PA      | $4101150.27   | 0.06%             | 2032-08-01      | Fixed         | 9.38%                 | Yes           |                  2 | On Loan: No      |
| VIAVI SOLUTIONS INC                          | Viavi Solutions Inc                                                             | CUSIP: 925550AF2<br>LEI: 5493006K3E3N1QOBF092 | Long             | DBT              | CORP              | US        |  11975000 | PA      | $11086682.53  | 0.16%             | 2029-10-01      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| VISTRA OPERATIONS CO LLC                     | Vistra Operations Co LLC                                                        | CUSIP: 92840VAB8<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |  28825000 | PA      | $28810454.91  | 0.41%             | 2027-02-15      | Fixed         | 5.63%                 | Yes           |                  2 | On Loan: No      |
| VISTRA CORP                                  | Vistra Operations Co LLC                                                        | CUSIP: 92840VAF9<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |   8750000 | PA      | $8709113.00   | 0.12%             | 2027-07-31      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| VISTRA OPERATIONS CO LLC                     | Vistra Operations Co LLC                                                        | CUSIP: 92840VAP7<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |   9425000 | PA      | $9982696.10   | 0.14%             | 2031-10-15      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| VISTRA OPERATIONS CO LLC                     | Vistra Operations Co LLC                                                        | CUSIP: 92840VAR3<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |   2425000 | PA      | $2521204.60   | 0.04%             | 2032-04-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| WMG ACQUISITION CORP                         | WMG Acquisition Corp                                                            | CUSIP: 92933BAT1<br>LEI: 549300NAS11NXI33CP80 | Long             | DBT              | CORP              | US        |   5450000 | PA      | $5121775.33   | 0.07%             | 2029-12-01      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| WR GRACE HOLDING LLC                         | WR Grace Holdings LLC                                                           | CUSIP: 92943GAD3<br>LEI: 549300WNOVFRGYOAEB12 | Long             | DBT              | CORP              | US        |   7625000 | PA      | $7591549.58   | 0.11%             | 2027-06-15      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| WR GRACE HOLDING LLC                         | WR Grace Holdings LLC                                                           | CUSIP: 92943GAE1<br>LEI: 549300WNOVFRGYOAEB12 | Long             | DBT              | CORP              | US        |   4050000 | PA      | $4172581.35   | 0.06%             | 2031-03-01      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| WESCO DISTRIBUTION INC                       | WESCO Distribution Inc                                                          | CUSIP: 95081QAR5<br>LEI: 549300I2CEZJG9N4AH67 | Long             | DBT              | CORP              | US        |  11400000 | PA      | $11776884.00  | 0.17%             | 2032-03-15      | Fixed         | 6.63%                 | Yes           |                  2 | On Loan: No      |
| WHIRLPOOL CORP                               | Whirlpool Corp                                                                  | CUSIP: 963320BD7<br>LEI: WHENKOULSSK7WUM60H03 | Long             | DBT              | CORP              | US        |   3850000 | PA      | $3843611.31   | 0.05%             | 2030-06-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| WYNN RESORTS FINANCE LLC                     | Wynn Resorts Finance LLC / Wynn Resorts Capital Corp                            | CUSIP: 983133AD1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  12025000 | PA      | $12069179.85  | 0.17%             | 2033-03-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| ZEBRA TECHNOLOGIES CORP                      | Zebra Technologies Corp                                                         | CUSIP: 989207AD7<br>LEI: PO0I32GKZ3HZMMDPZZ08 | Long             | DBT              | CORP              | US        |   5625000 | PA      | $5770389.38   | 0.08%             | 2032-06-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| ZIGGO BOND CO BV                             | Ziggo Bond Co BV                                                                | CUSIP: 98953GAD7<br>LEI: 213800JYI4P7V5QDOG59 | Long             | DBT              | CORP              | NL        |   7925000 | PA      | $6922247.37   | 0.10%             | 2030-02-28      | Fixed         | 5.13%                 | Yes           |                  2 | On Loan: No      |
| BOOST NEWCO BORROWER LLC                     | GTCR W-2 Merger Sub LLC                                                         | CUSIP: 36268NAA8<br>LEI: 254900S8RE1OL7TTCU64 | Long             | DBT              | CORP              | US        |  42825000 | PA      | $45306323.33  | 0.65%             | 2031-01-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| GARDA WORLD SECURITY                         | Garda World Security Corp                                                       | CUSIP: 36485MAL3<br>LEI: 549300ZF1NDXLMCHNO20 | Long             | DBT              | CORP              | CA        |  28325000 | PA      | $27850357.98  | 0.40%             | 2029-06-01      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| GO DADDY OPCO/FINCO                          | Go Daddy Operating Co LLC / GD Finance Co Inc                                   | CUSIP: 38016LAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   8900000 | PA      | $8874124.14   | 0.13%             | 2027-12-01      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| GROUP 1 AUTOMOTIVE INC                       | Group 1 Automotive Inc                                                          | CUSIP: 398905AQ2<br>LEI: 549300US8QAZJLWYAF63 | Long             | DBT              | CORP              | US        |   3875000 | PA      | $3954201.13   | 0.06%             | 2030-01-15      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| HERC HOLDINGS INC                            | Herc Holdings Inc                                                               | CUSIP: 42704LAF1<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |   8450000 | PA      | $8738657.24   | 0.12%             | 2030-06-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| IRON MOUNTAIN INC                            | Iron Mountain Inc                                                               | CUSIP: 46284VAP6<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              |  | US        |  27650000 | PA      | $28426024.90  | 0.40%             | 2029-02-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| LCM INVESTMENTS HOLDINGS                     | LCM Investments Holdings II LLC                                                 | CUSIP: 50190EAA2<br>LEI: 549300P5V78NNQTG4428 | Long             | DBT              | CORP              | US        |   3200000 | PA      | $3112259.84   | 0.04%             | 2029-05-01      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| MADISON IAQ LLC                              | Madison IAQ LLC                                                                 | CUSIP: 55760LAA5<br>LEI: 549300IXDNBXNHUPBU73 | Long             | DBT              | CORP              | US        |   2950000 | PA      | $2857343.16   | 0.04%             | 2028-06-30      | Fixed         | 4.13%                 | Yes           |                  2 | On Loan: No      |
| NRG ENERGY INC                               | NRG Energy Inc                                                                  | CUSIP: 629377CS9<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |   2082000 | PA      | $1903788.09   | 0.03%             | 2032-02-15      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| NRG ENERGY INC                               | NRG Energy Inc                                                                  | CUSIP: 629377CX8<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |   4850000 | PA      | $4918147.35   | 0.07%             | 2034-11-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| OUTFRONT MEDIA CAP LLC/C                     | Outfront Media Capital LLC / Outfront Media Capital Corp                        | CUSIP: 69007TAB0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   6575000 | PA      | $6513299.54   | 0.09%             | 2027-08-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| OUTFRONT MEDIA CAP LLC/C                     | Outfront Media Capital LLC / Outfront Media Capital Corp                        | CUSIP: 69007TAE4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   6225000 | PA      | $5932151.10   | 0.08%             | 2029-01-15      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| PRECISION DRILLING CORP                      | Precision Drilling Corp                                                         | CUSIP: 740212AM7<br>LEI: 549300WF2OE8T5BP4B84 | Long             | DBT              | CORP              | CA        |  11425000 | PA      | $11427339.84  | 0.16%             | 2029-01-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| RANGE RESOURCES CORP                         | Range Resources Corp                                                            | CUSIP: 75281ABJ7<br>LEI: H3Y3WLYCX0BTO1TRW162 | Long             | DBT              | CORP              | US        |   5900000 | PA      | $6054025.40   | 0.09%             | 2029-01-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| ROCKIES EXPRESS PIPELINE                     | ROCKIES EXPRESS PIPELINE                                                        | CUSIP: 77340RAU1<br>LEI: W2ZGZGZKY5GGNY6F3V51 | Long             | DBT              | CORP              | US        |   7450000 | PA      | $7748387.40   | 0.11%             | 2033-03-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES                      | Royal Caribbean Cruises Ltd                                                     | CUSIP: 780153BK7<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |   4325000 | PA      | $4348212.28   | 0.06%             | 2027-07-15      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES                      | Royal Caribbean Cruises Ltd                                                     | CUSIP: 780153BU5<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |  10050000 | PA      | $10321400.25  | 0.15%             | 2032-03-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| SALLY HOLDINGS/SALLY CAP                     | Sally Holdings LLC / Sally Capital Inc                                          | CUSIP: 79546VAQ9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   6225000 | PA      | $6396641.93   | 0.09%             | 2032-03-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| LIGHT & WONDER INTL INC                      | Scientific Games International Inc                                              | CUSIP: 80874YBE9<br>LEI: RLTHESQ0RNFQJWPBJN60 | Long             | DBT              | CORP              | US        |  17425000 | PA      | $17927902.93  | 0.26%             | 2029-11-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| SEAGATE DATA STOR                            | Seagate Data Storage Technology Pte Ltd                                         | CUSIP: 81180LAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | SG        |   2250000 | PA      | $2278579.50   | 0.03%             | 2030-07-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| SENSATA TECHNOLOGIES INC                     | Sensata Technologies Inc                                                        | CUSIP: 81728UAB0<br>LEI: 5493002MMDDCUNV7NY90 | Long             | DBT              | CORP              | US        |   4450000 | PA      | $4064453.78   | 0.06%             | 2031-02-15      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| SHIFT4 PAYMENTS LLC/FIN                      | Shift4 Payments LLC / Shift4 Payments Finance Sub Inc                           | CUSIP: 82453AAB3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   6475000 | PA      | $6693175.13   | 0.10%             | 2032-08-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| SIRIUS XM RADIO LLC                          | Sirius XM Radio Inc                                                             | CUSIP: 82967NBJ6<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |   8050000 | PA      | $7666920.63   | 0.11%             | 2028-07-15      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| STANDARD BUILDING SOLUTI                     | Standard Industries Inc/NJ                                                      | CUSIP: 853191AA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   7225000 | PA      | $7383097.45   | 0.11%             | 2032-08-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| TEGNA INC                                    | TEGNA Inc                                                                       | CUSIP: 87901JAH8<br>LEI: 549300YC5EDBGX85AO10 | Long             | DBT              | CORP              | US        |   2875000 | PA      | $2766068.26   | 0.04%             | 2029-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TRIVIUM PACKAGING FIN                        | Trivium Packaging Finance BV                                                    | CUSIP: 89686QAD8<br>LEI: 724500GMZWW3PVYET548 | Long             | DBT              | CORP              | NL        |   8100000 | PA      | $8534686.01   | 0.12%             | 2030-07-15      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| UNITED RENTALS NORTH AM                      | United Rentals North America Inc                                                | CUSIP: 911365BG8<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |  10600000 | PA      | $10543052.56  | 0.15%             | 2028-01-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| VIRGIN MEDIA SECURED FIN                     | Virgin Media Secured Finance PLC                                                | CUSIP: 92769XAR6<br>LEI: 213800X3RLP4NOTPY579 | Long             | DBT              | CORP              | GB        |   7400000 | PA      | $6888091.68   | 0.10%             | 2030-08-15      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| WESCO DISTRIBUTION INC                       | WESCO Distribution Inc                                                          | CUSIP: 95081QAS3<br>LEI: 549300I2CEZJG9N4AH67 | Long             | DBT              | CORP              | US        |   3550000 | PA      | $3637170.25   | 0.05%             | 2033-03-15      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| VICI PROPERTIES / NOTE                       | VICI Properties LP / VICI Note Co Inc                                           | CUSIP: 92564RAA3<br>LEI: N/A                  | Long             | DBT              |  | US        |   5600000 | PA      | $5555662.95   | 0.08%             | 2026-12-01      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| VMED O2 UK FINAN                             | Vmed O2 UK Financing I PLC                                                      | CUSIP: 92858RAB6<br>LEI: 213800MRR46ECNGZ7L69 | Long             | DBT              | CORP              | GB        |  17325000 | PA      | $16046936.48  | 0.23%             | 2031-07-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| XHR LP                                       | XHR LP                                                                          | CUSIP: 98372MAE5<br>LEI: 549300M88BPT83ZL2164 | Long             | DBT              |  | US        |   6800000 | PA      | $6919863.60   | 0.10%             | 2030-05-15      | Fixed         | 6.63%                 | Yes           |                  2 | On Loan: No      |
| ZF NA CAPITAL                                | ZF North America Capital Inc                                                    | CUSIP: 98877DAF2<br>LEI: 529900JYGMS9CW9IQX78 | Long             | DBT              | CORP              | US        |   4300000 | PA      | $4094946.33   | 0.06%             | 2030-04-23      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| ZIPRECRUITER INC                             | ZipRecruiter Inc                                                                | CUSIP: 98980BAA1<br>LEI: 549300HLOVNNFCY2IV80 | Long             | DBT              | CORP              | US        |  12525000 | PA      | $9490677.22   | 0.14%             | 2030-01-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-09-23

**Name of Applicant:** Federated Hermes Institutional Trust

**Signature:** Stephen Van Meter

**Name of Signer:** Federated Hermes Institutional Trust

**Title:** Chief Compliance Officer