# EDGAR Filing Document

**Accession Number:** 0001388485
**File Stem:** 0000940400-25-014437
**Filing Date:** 2025-12
**Character Count:** 60476
**Document Hash:** 54db1008b7823e6df1deb658471e014e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-25-014437.hdr.sgml**: 20251223

**ACCESSION NUMBER**: 0000940400-25-014437

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251031

**FILED AS OF DATE**: 20251223

**DATE AS OF CHANGE**: 20251223

**PERIOD START**: 20260430

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FundVantage Trust
- **CENTRAL INDEX KEY:** 0001388485

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22027
- **FILM NUMBER:** 251598789

**BUSINESS ADDRESS:**
- **STREET 1:** 103 BELLEVUE PARKWAY
- **CITY:** WILMINGTON
- **STATE:** DE
- **ZIP:** 19809
- **BUSINESS PHONE:** 3027911906

**MAIL ADDRESS:**
- **STREET 1:** 103 BELLEVUE PARKWAY
- **CITY:** WILMINGTON
- **STATE:** DE
- **ZIP:** 19809

## Series and Classes Contracts Data

### Polen High Income ETF (Series ID: S000090827)

| Class ID   | Class Name            | Ticker Symbol   |
|:---|:---|:---|
| C000258188 | Polen High Income ETF |  |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** FundVantage Trust

- **b. Investment Company Act file number:** 811-22027

- **c. CIK number of Registrant:** 0001388485

- **d. LEI of Registrant:** 549300C6U7XKIL1IY249

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

  - **Street Address 1:** 103 Bellevue Parkway

  - **City:** Wilmington

  - **State:** DE

  - **Foreign country:** US

  - **Zip / Postal Code:** 19809

  - **Telephone number:** 856-528-3500

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

- **a. Name of Series:** Polen High Income ETF

- **b. EDGAR series identifier (if any):** S000090827

- **c. LEI of Series:** 254900U0URG1LCJWZC55

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

- **a. Date of fiscal year-end:** 2026-04-30

- **b. Date as of which information is reported:** 2025-10-31

**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:** $23333495.27

**Total Liabilities:** $2014186.45

**Net Assets:** $21319308.82

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 0.00000000 | **1-Year:** 38.22961000 | **5-Year:** 21.90347000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

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

- **3-Month:** 21.41034000 | **1-Year:** 2365.24211000 | **5-Year:** 3708.52752000 | **10-Year:** 206.28242000 | **30-Year:** 1.60482000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000258188 | 1.07%                | 0.59%                | -0.18%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $7972.85                 | $83011.72                                  |
| Month 2  | $12711.44                | $-37817.15                                 |
| Month 3  | $-14844.95               | $-172874.71                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| OSCAR ACQUISITIONCO LLC             | Oscar AcquisitionCo LLC / Oscar Finance Inc                                     | CUSIP: 687785AB1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    330000 | PA      | $240465.79    | 1.13%             | 2030-04-15      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| SELECT MEDICAL CORP                 | Select Medical Corp                                                             | CUSIP: 816196AV1<br>LEI: 549300X05KS0JKR8CB50 | Long             | DBT              | CORP              | US        |    145000 | PA      | $147241.85    | 0.69%             | 2032-12-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| ARSENAL AIC PARENT LLC              | Arsenal AIC Parent LLC                                                          | CUSIP: 04288BAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    275000 | PA      | $292370.38    | 1.37%             | 2030-10-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| JETBLUE AIRWAYS/LOYALTY             | JetBlue Airways Corp / JetBlue Loyalty LP                                       | CUSIP: 476920AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |     45000 | PA      | $44268.65     | 0.21%             | 2031-09-20      | Fixed         | 9.88%                 | No            |                  2 | On Loan: No      |
| COREWEAVE INC                       | CoreWeave Inc                                                                   | CUSIP: 21873SAC2<br>LEI: 984500511DP2B6186053 | Long             | DBT              | CORP              | US        |    315000 | PA      | $315299.92    | 1.48%             | 2031-02-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| POST HOLDINGS INC                   | Post Holdings Inc                                                               | CUSIP: 737446AX2<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |    195000 | PA      | $197751.45    | 0.93%             | 2034-10-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| PARKLAND CORP                       | Parkland Corp                                                                   | CUSIP: 70137WAL2<br>LEI: 549300UY5C6HUV0XLS53 | Long             | DBT              | CORP              | CA        |     65000 | PA      | $63122.29     | 0.30%             | 2030-05-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| DREYFUS TRSY OBLIG CASH M           | DREYFUS TRSY OBLIG CASH M                                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   1234190 | NS      | $1234189.61   | 5.79%             |  |  |  | No            |                  1 | On Loan: No      |
| JANE STREET GRP/JSG FIN             | Jane Street Group / JSG Finance Inc                                             | CUSIP: 47077WAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    140000 | PA      | $147016.30    | 0.69%             | 2031-04-30      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| HARVEST MIDSTREAM I LP              | Harvest Midstream I LP                                                          | CUSIP: 417558AA1<br>LEI: 549300DW5M17KJOXCY66 | Long             | DBT              | CORP              | US        |    115000 | PA      | $116742.02    | 0.55%             | 2028-09-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP              | CCO Holdings LLC / CCO Holdings Capital Corp                                    | CUSIP: 1248EPCP6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    190000 | PA      | $159781.51    | 0.75%             | 2034-01-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Gloves Buyer Inc                    | GLOVES BUYE 01/17/32                                                            | CUSIP: 37987UAG7<br>LEI: 54930015O0Y94T5H8Z18 | Long             | LON              | CORP              | US        |     50000 | PA      | $49406.25     | 0.23%             | 2032-05-24      | Floating      | 8.00%                 | No            |                  2 | On Loan: No      |
| JONES DESLAURIERS INSURA            | Jones Deslauriers Insurance Management Inc                                      | CUSIP: 48020RAE5<br>LEI: 549300JQIWNFU00E5424 | Long             | DBT              | CORP              | CA        |    190000 | PA      | $188394.46    | 0.88%             | 2033-10-01      | Fixed         | 6.88%                 | No            |                  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        |    135000 | PA      | $130508.73    | 0.61%             | 2030-03-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| AXON ENTERPRISE INC                 | Axon Enterprise Inc                                                             | CUSIP: 05464CAD3<br>LEI: 549300QP2IEEGFE16681 | Long             | DBT              | CORP              | US        |    115000 | PA      | $119177.03    | 0.56%             | 2033-03-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| ADIENT GLOBAL HOLDINGS              | Adient Global Holdings Ltd                                                      | CUSIP: 00687YAC9<br>LEI: 213800VA38VCKE6M8790 | Long             | DBT              | CORP              | JE        |    135000 | PA      | $141207.44    | 0.66%             | 2031-04-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| SURGERY CENTER HOLDINGS             | Surgery Center Holdings Inc                                                     | CUSIP: 86881WAF9<br>LEI: 54930054EVI5HWPPW113 | Long             | DBT              | CORP              | US        |    205000 | PA      | $211238.77    | 0.99%             | 2032-04-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| BAFFINLAND IRON CORP/LP             | Baffinland Iron Mines Corp / Baffinland Iron Mines LP                           | CUSIP: 056623AA9<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    520000 | PA      | $468266.03    | 2.20%             | 2026-07-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| SPX FLOW INC                        | SPX FLOW Inc                                                                    | CUSIP: 758071AA2<br>LEI: 5493003YXEKRBINIEM78 | Long             | DBT              | CORP              | US        |     75000 | PA      | $76949.55     | 0.36%             | 2030-04-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| AMER SPORTS COMPANY                 | Amer Sports Co                                                                  | CUSIP: 02352NAA7<br>LEI: 549300NRKH9WF70VFC95 | Long             | DBT              | CORP              | US        |    235000 | PA      | $244741.93    | 1.15%             | 2031-02-16      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ELLUCIAN HOLDINGS INC               | Ellucian Holdings Inc                                                           | CUSIP: 289178AA3<br>LEI: 549300RP8NIJ7FY7OS79 | Long             | DBT              | CORP              | US        |    200000 | PA      | $202780.40    | 0.95%             | 2029-12-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| CONCENTRA HEALTH SERVICE            | Concentra Health Services Inc                                                   | CUSIP: 20600DAA1<br>LEI: 984500GB84105F75DE32 | Long             | DBT              | CORP              | US        |    280000 | PA      | $292394.48    | 1.37%             | 2032-07-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| STATION CASINOS LLC                 | Station Casinos LLC                                                             | CUSIP: 857691AH2<br>LEI: 5493004E7Q60TX54WL62 | Long             | DBT              | CORP              | US        |    110000 | PA      | $103401.99    | 0.49%             | 2031-12-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| TRIMAS CORP                         | TriMas Corp                                                                     | CUSIP: 896215AH3<br>LEI: 75G1WUQ8QK4P5MZOYD78 | Long             | DBT              | CORP              | US        |     65000 | PA      | $62892.02     | 0.30%             | 2029-04-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| INSULET CORPORATION                 | Insulet Corp                                                                    | CUSIP: 45784PAL5<br>LEI: 549300TZTYD2PYN92D43 | Long             | DBT              | CORP              | US        |    145000 | PA      | $151231.96    | 0.71%             | 2033-04-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| QUIKRETE HOLDINGS INC               | Quikrete Holdings Inc                                                           | CUSIP: 74843PAB6<br>LEI: 5493007KIN86DIZWZT22 | Long             | DBT              | CORP              | US        |    190000 | PA      | $197875.50    | 0.93%             | 2033-03-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CLEVELAND-CLIFFS INC                | Cleveland-Cliffs Inc                                                            | CUSIP: 185899AR2<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |    155000 | PA      | $160554.12    | 0.75%             | 2033-05-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| CLYDESDALE ACQUISITION              | Clydesdale Acquisition Holdings Inc                                             | CUSIP: 18972EAC9<br>LEI: 254900QKSDYFR3K5YD98 | Long             | DBT              | CORP              | US        |    160000 | PA      | $161799.83    | 0.76%             | 2030-01-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| SCIH SALT HOLDINGS INC              | SCIH Salt Holdings Inc                                                          | CUSIP: 78433BAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    420000 | PA      | $416634.56    | 1.95%             | 2029-05-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| BRUNDAGE-BONE CONCRETE              | Brundage-Bone Concrete Pumping Holdings Inc                                     | CUSIP: 66981QAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    305000 | PA      | $308109.17    | 1.45%             | 2032-02-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| ACADIA HEALTHCARE CO INC            | Acadia Healthcare Co Inc                                                        | CUSIP: 00404AAQ2<br>LEI: 5493005CW985Y9D0NC11 | Long             | DBT              | CORP              | US        |    315000 | PA      | $326081.70    | 1.53%             | 2033-03-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| MAVIS TIRE EXPRESS SERVI            | Mavis Tire Express Services Topco Corp                                          | CUSIP: 59155LAA0<br>LEI: 254900NVDM4GTLBL9E56 | Long             | DBT              | CORP              | US        |    150000 | PA      | $148577.12    | 0.70%             | 2029-05-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| PHRG INTERMEDIATE LLC               | PHRG INTERMEDIATE LLC                                                           | CUSIP: 40445XAC0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     45000 | PA      | $44015.85     | 0.21%             | 2032-02-20      | Floating      | 8.05%                 | No            |                  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        |     50000 | PA      | $49418.47     | 0.23%             | 2028-01-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| SOTERA HEALTH HLDGS LLC             | Sotera Health Holdings LLC                                                      | CUSIP: 83600WAE9<br>LEI: 549300OVT7MBXFLOFU20 | Long             | DBT              | CORP              | US        |    190000 | PA      | $199908.50    | 0.94%             | 2031-06-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| YUM! BRANDS INC                     | Yum! Brands Inc                                                                 | CUSIP: 988498AR2<br>LEI: 549300JE8XHZZ7OHN517 | Long             | DBT              | CORP              | US        |    135000 | PA      | $136574.78    | 0.64%             | 2032-04-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| CLEAR CHANNEL OUTDOOR HO            | Clear Channel Outdoor Holdings Inc                                              | CUSIP: 18453HAH9<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |    105000 | PA      | $109926.18    | 0.52%             | 2033-03-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| CHAMP ACQUISITION CORP              | Champ Acquisition Corp                                                          | CUSIP: 15807XAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     90000 | PA      | $96083.10     | 0.45%             | 2031-12-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| TELECOM ITALIA CAPITAL              | Telecom Italia Capital SA                                                       | CUSIP: 87927VAV0<br>LEI: 549300777DJZOR5C4L39 | Long             | DBT              | CORP              | LU        |     95000 | PA      | $106367.87    | 0.50%             | 2038-06-04      | Fixed         | 7.72%                 | No            |                  2 | On Loan: No      |
| Clear Channel Outdoor Holdings Inc  | Clear Channel Ou 08/21/28                                                       | CUSIP: 18452RAF2<br>LEI: 254900XBEE6V1ENYS150 | Long             | LON              | CORP              | US        |     75000 | PA      | $75236.63     | 0.35%             | 2028-08-23      | Floating      | 8.15%                 | No            |                  2 | On Loan: No      |
| White Cap Supply Holdings LLC       | WHIT 10/07/29                                                                   | CUSIP: 96350TAH3<br>LEI: 254900L2N0T6GULCL366 | Long             | LON              | CORP              | US        |     49624 | PA      | $49801.94     | 0.23%             | 2029-10-29      | Floating      | 7.30%                 | No            |                  2 | On Loan: No      |
| INGEVITY CORP                       | Ingevity Corp                                                                   | CUSIP: 45688CAB3<br>LEI: 5493009UTFC4B5IMGF87 | Long             | DBT              | CORP              | US        |    150000 | PA      | $144640.68    | 0.68%             | 2028-11-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| QUIKRETE HOLDINGS INC               | Quikrete Holdings Inc                                                           | CUSIP: 74843PAA8<br>LEI: 5493007KIN86DIZWZT22 | Long             | DBT              | CORP              | US        |     95000 | PA      | $98594.42     | 0.46%             | 2032-03-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| SIX FLAGS ENT/SIX FLAG              | Six Flags Entertainment Corp /Six Flags Theme Parks Inc/ Canada's Wonderland Co | CUSIP: 83002YAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     50000 | PA      | $50732.85     | 0.24%             | 2032-05-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| OPTION CARE HEALTH INC              | Option Care Health Inc                                                          | CUSIP: 68404LAA0<br>LEI: 549300DI3Q5ACSYJRI17 | Long             | DBT              | CORP              | US        |    305000 | PA      | $294638.66    | 1.38%             | 2029-10-31      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| JACOBS ENTERTAINMENT INC            | Jacobs Entertainment Inc                                                        | CUSIP: 469815AK0<br>LEI: 5493004U9JIWY3HSUO63 | Long             | DBT              | CORP              | US        |     55000 | PA      | $53316.73     | 0.25%             | 2029-02-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| MASTERBRAND INC                     | Masterbrand Inc                                                                 | CUSIP: 57638PAA2<br>LEI: 549300E0Y4BR5Z9RDZ64 | Long             | DBT              | CORP              | US        |    115000 | PA      | $119468.56    | 0.56%             | 2032-07-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| DORNOCH DEBT MERGER SUB             | Dornoch Debt Merger Sub Inc                                                     | CUSIP: 25830JAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    310000 | PA      | $265020.89    | 1.24%             | 2029-10-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| WARNERMEDIA HOLDINGS INC            | Warnermedia Holdings Inc                                                        | CUSIP: 55903VBW2<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |     95000 | PA      | $76361.95     | 0.36%             | 2042-03-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| CLEAR CHANNEL OUTDOOR HOLDINGS INC  | CLEAR CHANNEL OUTDOOR HO                                                        | CUSIP: 18452RAF2<br>LEI: 254900XBEE6V1ENYS150 | Long             | LON              | CORP              | US        |    120000 | PA      | $120378.60    | 0.56%             | 2028-08-23      | Floating      | 8.15%                 | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP               | Tenet Healthcare Corp                                                           | CUSIP: 88033GDK3<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |    215000 | PA      | $215417.94    | 1.01%             | 2028-10-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| GLOVES BUYER INC                    | GLOVES BUYER INC                                                                | CUSIP: 37987UAG7<br>LEI: 54930015O0Y94T5H8Z18 | Long             | LON              | CORP              | US        |     25000 | PA      | $24703.13     | 0.12%             | 2032-05-24      | Floating      | 8.00%                 | No            |                  2 | On Loan: No      |
| BUILDERS FIRSTSOURCE INC            | Builders FirstSource Inc                                                        | CUSIP: 12008RAP2<br>LEI: 549300W0SKP6L3H7DP63 | Long             | DBT              | CORP              | US        |    100000 | PA      | $94576.01     | 0.44%             | 2032-02-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| ASURION LLC                         | Asurion LLC                                                                     | CUSIP: 04649VBA7<br>LEI: 549300KNQVXGIOXWK278 | Long             | LON              | CORP              | US        |     10000 | PA      | $9561.80      | 0.04%             | 2029-01-22      | Floating      | 9.40%                 | No            |                  2 | On Loan: No      |
| ORGANON & CO/ORGANON FOR            | Organon & Co / Organon Foreign Debt Co-Issuer BV                                | CUSIP: 68622TAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $153650.30    | 0.72%             | 2031-04-30      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| CLEVELAND-CLIFFS INC                | Cleveland-Cliffs Inc                                                            | CUSIP: 185899AP6<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |    160000 | PA      | $163739.36    | 0.77%             | 2032-03-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| COHERENT CORP                       | Coherent Corp                                                                   | CUSIP: 902104AC2<br>LEI: 549300O5C25A0MMHHU33 | Long             | DBT              | CORP              | US        |    120000 | PA      | $118833.96    | 0.56%             | 2029-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WAND NEWCO 3 INC                    | Wand NewCo 3 Inc                                                                | CUSIP: 933940AA6<br>LEI: 549300Y3VZEWMSQW8494 | Long             | DBT              | CORP              | US        |    370000 | PA      | $387249.40    | 1.82%             | 2032-01-30      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| FOCUS FINANCIAL PARTNERS            | Focus Financial Partners LLC                                                    | CUSIP: 34417VAA5<br>LEI: 5493007L0E0VKRC2CP39 | Long             | DBT              | CORP              | US        |    335000 | PA      | $345441.62    | 1.62%             | 2031-09-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| MajorDrive Holdings IV LLC          | MAJORDRIVE HOLDI 06/01/28                                                       | CUSIP: 56085UAB9<br>LEI: 25490044R1FR5N8FIT62 | Long             | LON              | CORP              | US        |    154364 | PA      | $150262.86    | 0.70%             | 2028-06-01      | Floating      | 7.99%                 | No            |                  2 | On Loan: No      |
| FERTITTA ENTERTAINMENT              | Fertitta Entertainment LLC / Fertitta Entertainment Finance Co Inc              | CUSIP: 31556TAC3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    115000 | PA      | $106844.97    | 0.50%             | 2030-01-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Starlight Parent LLC                | STARLIGHT PAREN 03/15/32                                                        | CUSIP: 85554UAB0<br>LEI: 254900ZM34IBOK68V949 | Long             | LON              | CORP              | US        |     30000 | PA      | $29887.65     | 0.14%             | 2032-04-16      | Floating      | 8.03%                 | No            |                  2 | On Loan: No      |
| IRIS HOLDING INC                    | Iris Holding Inc                                                                | CUSIP: 46271BAB6<br>LEI: 54930013SPZ2NB3I3V40 | Long             | LON              | CORP              | US        |    105000 | PA      | $102206.48    | 0.48%             | 2028-06-28      | Floating      | 9.05%                 | No            |                  2 | On Loan: No      |
| AVIS BUDGET CAR/FINANCE             | Avis Budget Car Rental LLC / Avis Budget Finance Inc                            | CUSIP: 053773BJ5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     25000 | PA      | $25575.38     | 0.12%             | 2030-01-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| WEX INC                             | WEX Inc                                                                         | CUSIP: 96208TAD6<br>LEI: T9M5IGROL1TL1G5OV478 | Long             | DBT              | CORP              | US        |    205000 | PA      | $209849.69    | 0.98%             | 2033-03-15      | Fixed         | 6.50%                 | No            |                  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        |    130000 | PA      | $112913.17    | 0.53%             | 2033-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| INSIGHT ENTERPRS                    | Insight Enterprises Inc                                                         | CUSIP: 45765UAC7<br>LEI: 529900S8991TYW6YP792 | Long             | DBT              | CORP              | US        |    115000 | PA      | $117830.50    | 0.55%             | 2032-05-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| ZEBRA TECHNOLOGIES CORP             | Zebra Technologies Corp                                                         | CUSIP: 989207AD7<br>LEI: PO0I32GKZ3HZMMDPZZ08 | Long             | DBT              | CORP              | US        |    105000 | PA      | $108841.53    | 0.51%             | 2032-06-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| HUB INTERNATIONAL LTD               | HUB International Ltd                                                           | CUSIP: 44332PAJ0<br>LEI: 549300JQT6ATTUNS5E06 | Long             | DBT              | CORP              | US        |    325000 | PA      | $337026.63    | 1.58%             | 2032-01-31      | Fixed         | 7.38%                 | No            |                  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        |     90000 | PA      | $95213.70     | 0.45%             | 2031-02-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| COMPASS MINERALS INTERNA            | Compass Minerals International Inc                                              | CUSIP: 20451NAJ0<br>LEI: 2549008X9G8XP7YJGC47 | Long             | DBT              | CORP              | US        |    300000 | PA      | $312443.95    | 1.47%             | 2030-07-01      | Fixed         | 8.00%                 | 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        |    285000 | PA      | $170713.58    | 0.80%             | 2029-02-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Heartland Dental LLC                | Heartland Denta 08/29/25                                                        | CUSIP: 42236WAX5<br>LEI: 5493008FRC0GRKBN1075 | Long             | LON              | CORP              | US        |    104373 | PA      | $104731.27    | 0.49%             | 2032-08-25      | Floating      | 7.74%                 | No            |                  2 | On Loan: No      |
| MH Sub I LLC                        | MH Sub 02/23/29                                                                 | CUSIP: 55303BAD5<br>LEI: 2549005VFKP807SR8N49 | Long             | LON              | CORP              | US        |     90000 | PA      | $68850.00     | 0.32%             | 2029-02-23      | Floating      | 10.25%                | No            |                  2 | On Loan: No      |
| Lsf12 Crown US Commercial Bidco LLC | LSF12 CROWN US C 12/02/31                                                       | CUSIP: 50221UAD3<br>LEI: 254900FI2OCFTJ9PAJ18 | Long             | LON              | CORP              | US        |     49875 | PA      | $50233.35     | 0.24%             | 2031-12-02      | Floating      | 7.54%                 | No            |                  2 | On Loan: No      |
| CAESARS ENTERTAIN INC               | Caesars Entertainment Inc                                                       | CUSIP: 12769GAC4<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |    240000 | PA      | $242141.16    | 1.14%             | 2032-02-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ATHENAHEALTH GROUP INC              | AthenaHealth Group Inc                                                          | CUSIP: 60337JAA4<br>LEI: 254900AA3KZN4Q7A5Z33 | Long             | DBT              | CORP              | US        |    425000 | PA      | $416381.13    | 1.95%             | 2030-02-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ALLIANT HOLD / CO-ISSUER            | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer                  | CUSIP: 01883LAG8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     85000 | PA      | $87284.29     | 0.41%             | 2031-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| MOLINA HEALTHCARE INC               | Molina Healthcare Inc                                                           | CUSIP: 60855RAM2<br>LEI: 549300NQQCEQ46YHZ591 | Long             | DBT              | CORP              | US        |    135000 | PA      | $135961.88    | 0.64%             | 2033-01-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| CELANESE US HOLDINGS LLC            | Celanese US Holdings LLC                                                        | CUSIP: 15089QBA1<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |    110000 | PA      | $108428.45    | 0.51%             | 2033-04-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Covetrus Inc                        | CVET Midco 10/13/29                                                             | CUSIP: 22304EAC0<br>LEI: 5493009S30DUFCF75V87 | Long             | LON              | CORP              | US        |    388074 | PA      | $342128.26    | 1.60%             | 2029-10-15      | Floating      | 8.91%                 | No            |                  2 | On Loan: No      |
| ARCHROCK PARTNERS LP/FIN            | Archrock Partners LP / Archrock Partners Finance Corp                           | CUSIP: 03959KAD2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    115000 | PA      | $118304.18    | 0.55%             | 2032-09-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Advancion Holdings LLC              | Aruba Investment 11/24/27                                                       | CUSIP: 04317JAB4<br>LEI: 254900GMIYFF4FZ0A357 | Long             | LON              | CORP              | US        |     49677 | PA      | $46758.16     | 0.22%             | 2027-11-24      | Floating      | 8.12%                 | No            |                  2 | On Loan: No      |
| Infinite Bidco LLC                  | Infinite Bidc 03/02/28                                                          | CUSIP: 45674KAB1<br>LEI: 549300GLV0VRADA9LI65 | Long             | LON              | CORP              | US        |    218837 | PA      | $211177.43    | 0.99%             | 2028-03-02      | Floating      | 7.92%                 | No            |                  2 | On Loan: No      |
| AMERITEX HOLDCO INTERMED            | AmeriTex HoldCo Intermediate LLC                                                | CUSIP: 030727AB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    125000 | PA      | $131020.42    | 0.61%             | 2033-08-15      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| MADISON IAQ LLC                     | Madison IAQ LLC                                                                 | CUSIP: 55760LAB3<br>LEI: 549300IXDNBXNHUPBU73 | Long             | DBT              | CORP              | US        |    300000 | PA      | $294228.80    | 1.38%             | 2029-06-30      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| PEDIATRIX MEDICAL GROUP             | Pediatrix Medical Group Inc                                                     | CUSIP: 58502BAE6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    140000 | PA      | $139265.81    | 0.65%             | 2030-02-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| AMN HEALTHCARE INC                  | AMN Healthcare Inc                                                              | CUSIP: 00175PAC7<br>LEI: 549300H27NUKBFFQEE84 | Long             | DBT              | CORP              | US        |    105000 | PA      | $99538.31     | 0.47%             | 2029-04-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SIX FLAGS ENTERTAINME               | Six Flags Entertainment Corp                                                    | CUSIP: 83001AAD4<br>LEI: 529900AS2CYWYFHRS781 | Long             | DBT              | CORP              | US        |     60000 | PA      | $60205.44     | 0.28%             | 2031-05-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| TOUCAN FINCO LTD/CAN/US             | Toucan FinCo Ltd/Toucan FinCo Can Inc/Toucan FinCo US LLC                       | CUSIP: 89157UAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |    170000 | PA      | $159585.49    | 0.75%             | 2030-05-15      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| Ellucian Holdings Inc               | ELLUCIAN HOLDING 11/14/32                                                       | CUSIP: 28917XAE0<br>LEI: 549300RP8NIJ7FY7OS79 | Long             | LON              | CORP              | US        |     30000 | PA      | $30431.25     | 0.14%             | 2032-11-22      | Floating      | 8.75%                 | No            |                  2 | On Loan: No      |
| SIMMONS FOOD INC/SIMMONS            | Simmons Foods Inc/Simmons Prepared Foods Inc/Simmons Pet Food Inc/Simmons Feed  | CUSIP: 82873MAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    360000 | PA      | $345587.58    | 1.62%             | 2029-03-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| WH Borrower LLC                     | WH Borrowe 02/12/32                                                             | CUSIP: 92942LAG6<br>LEI: 2549009H920CQUE3R944 | Long             | LON              | CORP              | US        |     29925 | PA      | $29999.81     | 0.14%             | 2032-02-20      | Floating      | 8.95%                 | No            |                  2 | On Loan: No      |
| Discovery Energy Holding Corp       | DISCOVERY ENERGY 05/01/31                                                       | CUSIP: 25472PAB6<br>LEI: 254900T31FAYMRQSAA12 | Long             | LON              | CORP              | US        |     50000 | PA      | $50226.50     | 0.24%             | 2031-05-02      | Floating      | 7.66%                 | No            |                  2 | On Loan: No      |
| ATS CORP                            | ATS Corp                                                                        | CUSIP: 001940AC9<br>LEI: 5493005KP4RP3IU7HQ41 | Long             | DBT              | CORP              | CA        |     50000 | PA      | $48519.16     | 0.23%             | 2028-12-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Clover Holdings 2 LLC               | Clover Holdings 12/09/31                                                        | CUSIP: 18914DAC2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    169150 | PA      | $169890.88    | 0.80%             | 2031-12-09      | Fixed         | 7.75%                 | No            |                  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        |    100000 | PA      | $104072.60    | 0.49%             | 2031-07-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| MCGRAW-HILL EDUCATION               | McGraw-Hill Education Inc                                                       | CUSIP: 57767XAB6<br>LEI: 254900U6YJ9QZ4IQOR26 | Long             | DBT              | CORP              | US        |    195000 | PA      | $196711.91    | 0.92%             | 2029-08-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| CENTURY ALUMINUM COMPANY            | Century Aluminum Co                                                             | CUSIP: 156431AS7<br>LEI: 549300U5ODNGEYWKSW73 | Long             | DBT              | CORP              | US        |    100000 | PA      | $102937.50    | 0.48%             | 2032-08-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| GLOBAL MEDICAL RESPONSE             | Global Medical Response Inc                                                     | CUSIP: 37960BAD7<br>LEI: 549300ZFWD4ZFCEJCQ87 | Long             | DBT              | CORP              | US        |    210000 | PA      | $219888.90    | 1.03%             | 2032-10-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| AVIS BUDGET CAR/FINANCE             | Avis Budget Car Rental LLC / Avis Budget Finance Inc                            | CUSIP: 053773BK2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     25000 | PA      | $25651.45     | 0.12%             | 2032-06-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| BEACH ACQUISITION BIDCO             | Beach Acquisition Bidco LLC                                                     | CUSIP: 07337JAC1<br>LEI: 254900F2FNX3GBTB6202 | Long             | DBT              | CORP              | US        |    245000 | PA      | $263717.02    | 1.24%             | 2033-07-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| PATRICK INDUSTRIES INC              | Patrick Industries Inc                                                          | CUSIP: 703343AH6<br>LEI: 549300FZ5ZTCCJ3Z5W14 | Long             | DBT              | CORP              | US        |    145000 | PA      | $147992.80    | 0.69%             | 2032-11-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| FIESTA PURCHASER INC                | Fiesta Purchaser Inc                                                            | CUSIP: 31659AAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    250000 | PA      | $269094.80    | 1.26%             | 2032-09-15      | Fixed         | 9.62%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP              | CCO Holdings LLC / CCO Holdings Capital Corp                                    | CUSIP: 1248EPCN1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     85000 | PA      | $75665.27     | 0.35%             | 2032-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Asurion LLC                         | ASURION LLC 01/22/29                                                            | CUSIP: 04649VBA7<br>LEI: 549300KNQVXGIOXWK278 | Long             | LON              | CORP              | US        |    440000 | PA      | $420719.20    | 1.97%             | 2029-01-22      | Floating      | 9.40%                 | No            |                  2 | On Loan: No      |
| VFH PARENT / VALOR CO               | VFH Parent LLC / Valor Co-Issuer Inc                                            | CUSIP: 91824YAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    115000 | PA      | $120449.39    | 0.56%             | 2031-06-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| JONES DESLAURIERS INSURA            | Jones Deslauriers Insurance Management Inc                                      | CUSIP: 48020RAB1<br>LEI: 549300JQIWNFU00E5424 | Long             | DBT              | CORP              | CA        |     90000 | PA      | $94592.97     | 0.44%             | 2030-03-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| AMN HEALTHCARE INC                  | AMN Healthcare Inc                                                              | CUSIP: 00175PAD5<br>LEI: 549300H27NUKBFFQEE84 | Long             | DBT              | CORP              | US        |    105000 | PA      | $105251.80    | 0.49%             | 2031-01-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| EZCORP INC                          | EZCORP Inc                                                                      | CUSIP: 302301AJ5<br>LEI: 5493003K6PG3ZQ7TUQ63 | Long             | DBT              | CORP              | US        |     75000 | PA      | $79514.78     | 0.37%             | 2032-04-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Kaseya Inc                          | KASEY 03/05/33                                                                  | CUSIP: 48578AAE8<br>LEI: 254900MISXMLRZ63NH46 | Long             | LON              | CORP              | US        |     65000 | PA      | $64472.20     | 0.30%             | 2033-03-21      | Floating      | 9.03%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP              | CCO Holdings LLC / CCO Holdings Capital Corp                                    | CUSIP: 1248EPCD3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    100000 | PA      | $95149.94     | 0.45%             | 2030-03-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| STARLIGHT PARENT LLC                | STARLIGHT PARENT LLC                                                            | CUSIP: 85554UAB0<br>LEI: 254900ZM34IBOK68V949 | Long             | LON              | CORP              | US        |     25000 | PA      | $24906.38     | 0.12%             | 2032-04-16      | Floating      | 8.03%                 | No            |                  2 | On Loan: No      |
| HP PHRG Borrower LLC                | PHRG INTERMEDIAT 02/28/32                                                       | CUSIP: 40445XAC0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     29924 | PA      | $29269.81     | 0.14%             | 2032-02-20      | Floating      | 8.05%                 | No            |                  2 | On Loan: No      |
| CLYDESDALE ACQUISITION              | Clydesdale Acquisition Holdings Inc                                             | CUSIP: 18972EAD7<br>LEI: 254900QKSDYFR3K5YD98 | Long             | DBT              | CORP              | US        |    145000 | PA      | $145547.38    | 0.68%             | 2032-04-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| TEINE ENERGY LTD                    | Teine Energy Ltd                                                                | CUSIP: 879068AB0<br>LEI: 894500JBC83AX7PYEU16 | Long             | DBT              | CORP              | CA        |    195000 | PA      | $194687.64    | 0.91%             | 2029-04-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| BOYD GAMING CORP                    | Boyd Gaming Corp                                                                | CUSIP: 103304BV2<br>LEI: 254900787YGRYS2A1Z35 | Long             | DBT              | CORP              | US        |     85000 | PA      | $81847.03     | 0.38%             | 2031-06-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| SC GAMES HOLDIN/US FINCO            | Scientific Games Holdings LP/Scientific Games US FinCo Inc                      | CUSIP: 80874DAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    420000 | PA      | $383996.97    | 1.80%             | 2030-03-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| LAMAR MEDIA CORP                    | Lamar Media Corp                                                                | CUSIP: 513075CA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    215000 | PA      | $213126.75    | 1.00%             | 2033-11-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| MCGRAW-HILL EDUCATION               | McGraw-Hill Education Inc                                                       | CUSIP: 58064LAA2<br>LEI: 254900U6YJ9QZ4IQOR26 | Long             | DBT              | CORP              | US        |    140000 | PA      | $143793.02    | 0.67%             | 2031-09-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| OLYMPUS WTR US HLDG CORP            | Olympus Water US Holding Corp                                                   | CUSIP: 681639AE0<br>LEI: 549300YU2GGVCBN3MY89 | Long             | DBT              | CORP              | US        |    215000 | PA      | $214406.19    | 1.01%             | 2033-02-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| FIESTA PURCHASER INC                | Fiesta Purchaser Inc                                                            | CUSIP: 31659AAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     90000 | PA      | $95349.96     | 0.45%             | 2031-03-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| THOR INDUSTRIES                     | Thor Industries Inc                                                             | CUSIP: 885160AA9<br>LEI: 254900XZO1228PDSG060 | Long             | DBT              | CORP              | US        |    100000 | PA      | $95286.11     | 0.45%             | 2029-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WULF COMPUTE LLC                    | WULF Compute LLC                                                                | CUSIP: 982911AA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    315000 | PA      | $327886.42    | 1.54%             | 2030-10-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| STATION CASINOS LLC                 | Station Casinos LLC                                                             | CUSIP: 857691AJ8<br>LEI: 5493004E7Q60TX54WL62 | Long             | DBT              | CORP              | US        |    145000 | PA      | $147358.72    | 0.69%             | 2032-03-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| AVIENT CORP                         | Avient Corp                                                                     | CUSIP: 05368VAB2<br>LEI: SM8L9RZYIB34LNTWO040 | Long             | DBT              | CORP              | US        |    245000 | PA      | $250384.61    | 1.17%             | 2031-11-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| COVETRUS INC                        | Covetrus Inc                                                                    | CUSIP: 22304EAC0<br>LEI: 5493009S30DUFCF75V87 | Long             | LON              | CORP              | US        |     74808 | PA      | $65951.27     | 0.31%             | 2029-10-15      | Floating      | 8.91%                 | No            |                  2 | On Loan: No      |
| ESAB CORP                           | Esab Corp                                                                       | CUSIP: 29605JAA4<br>LEI: 549300ZNV0SWBXEIWT04 | Long             | DBT              | CORP              | US        |     40000 | PA      | $41004.40     | 0.19%             | 2029-04-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| PANTHER ESCROW ISSUER               | Panther Escrow Issuer LLC                                                       | CUSIP: 69867RAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    115000 | PA      | $118947.95    | 0.56%             | 2031-06-01      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                       | TransDigm Inc                                                                   | CUSIP: 893647CA3<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |    100000 | PA      | $103691.64    | 0.49%             | 2034-01-31      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                       | TransDigm Inc                                                                   | CUSIP: 893647BY2<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |    105000 | PA      | $107337.19    | 0.50%             | 2033-05-31      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| GOAT HOLDCO LLC                     | Goat Holdco LLC                                                                 | CUSIP: 38021MAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    290000 | PA      | $296593.41    | 1.39%             | 2032-02-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| 1011778 BC / NEW RED FIN            | 1011778 BC ULC / New Red Finance Inc                                            | CUSIP: 68245XAM1<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |     85000 | PA      | $80483.45     | 0.38%             | 2030-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| EMRLD BOR / EMRLD CO-ISS            | EMRLD Borrower LP / Emerald Co-Issuer Inc                                       | CUSIP: 29103CAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    100000 | PA      | $102930.50    | 0.48%             | 2030-12-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Clover Holdings 2 LLC               | Clover Holdings 12/09/31                                                        | CUSIP: 18914DAB4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     39800 | PA      | $39849.75     | 0.19%             | 2031-12-09      | Floating      | 8.12%                 | No            |                  2 | On Loan: No      |
| SGH 09/30/32                        | SGH 09/30/32                                                                    | CUSIP: 78424SAB8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     25000 | PA      | $25047.50     | 0.12%             | 2032-08-18      | Floating      | 8.53%                 | No            |                  2 | On Loan: No      |
| SIX FLAGS/CANADA WON                | Six Flags Entertainment Corp / Canada's Wonderland Co / Magnum Management Corp  | CUSIP: 150190AE6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    105000 | PA      | $100997.09    | 0.47%             | 2029-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-12-22

**Name of Applicant:** FundVantage Trust

**Signature:** Christine S. Catanzaro

**Name of Signer:** Christine S. Catanzaro

**Title:** Treasurer and Chief Financial Officer