# EDGAR Filing Document

**Accession Number:** 0000916620
**File Stem:** 0002066578-25-001567
**Filing Date:** 2025-11
**Character Count:** 194323
**Document Hash:** c24841dbc7c98faf8af0876947255d55
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002066578-25-001567.hdr.sgml**: 20251121

**ACCESSION NUMBER**: 0002066578-25-001567

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251121

**DATE AS OF CHANGE**: 20251121

**PERIOD START**: 20260331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** NORTHERN FUNDS
- **CENTRAL INDEX KEY:** 0000916620

**ORGANIZATION NAME:**
- **EIN:** 391777365
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-08236
- **FILM NUMBER:** 251506531

**BUSINESS ADDRESS:**
- **STREET 1:** NORTHERN FUNDS
- **STREET 2:** 50 SOUTH LASALLE STREET
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60603
- **BUSINESS PHONE:** 800-595-9111

**MAIL ADDRESS:**
- **STREET 1:** NORTHERN FUNDS
- **STREET 2:** 50 SOUTH LASALLE STREET
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60603

## Series and Classes Contracts Data

### HIGH YIELD FIXED INCOME FUND (Series ID: S000001256)

| Class ID   | Class Name                   | Ticker Symbol   |
|:---|:---|:---|
| C000003402 | HIGH YIELD FIXED INCOME FUND | NHFIX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Northern Funds

- **b. Investment Company Act file number:** 811-08236

- **c. CIK number of Registrant:** 0000916620

- **d. LEI of Registrant:** 5493004ZY1PEJR3C0A81

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

  - **Street Address 1:** 50 South LaSalle Street

  - **City:** Chicago

  - **State:** IL

  - **Foreign country:** US

  - **Zip / Postal Code:** 60603

  - **Telephone number:** 800-595-9111

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

- **a. Name of Series:** High Yield Fixed Income Fund

- **b. EDGAR series identifier (if any):** S000001256

- **c. LEI of Series:** 549300RSK8AGISKBFH65

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

- **a. Date of fiscal year-end:** 2026-03-31

- **b. Date as of which information is reported:** 2025-09-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $2375886775.37

**Total Liabilities:** $36831355.56

**Net Assets:** $2339055419.81

**Delayed Delivery Securities:** $30503956.25

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 0.000000000000 | **1-Year:** 5946.177795760660 | **5-Year:** 13772.556085328402 | **10-Year:** 9405.634143878962 | **30-Year:** 539.304086428730

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

- **3-Month:** 6078.731767610071 | **1-Year:** 163863.382986702928 | **5-Year:** 391626.910901199323 | **10-Year:** 55891.227456186052 | **30-Year:** 4283.724362626758

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000003402 | 0.59%                | 1.41%                | 0.73%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $1679401.61              | $-1507670.99                               |
| Month 2  | $-5285289.42             | $23285719.25                               |
| Month 3  | $-1810971.24             | $7275016.94                                |

**Designated Index Information**

- **Index Name:** BBG High Yield Corp 2% Cap

- **Index Identifier:** LEH_HY2C

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| DELEK LOGISTICS PA 8.625% | DELEK LOGISTICS PA 8.625% | CUSIP: 24665FAD4<br>LEI: 549300UVYITDIU51P724 | Long             | DBT              | CORP              | US        |   5785000 | PA      | $6032598.06   | 0.26%             | 2029-03-15      | Fixed         | 8.62%                 | Yes           |                  2 | On Loan: No      |
| ENCORE CAP. GRP. IN 9.25% | ENCORE CAP. GRP. IN 9.25% | CUSIP: 292554AQ5<br>LEI: 5493000UVC6H49CIH830 | Long             | DBT              | CORP              | US        |   3065000 | PA      | $3234065.40   | 0.14%             | 2029-04-01      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| BAYTEX ENERGY CORP 7.375% | BAYTEX ENERGY CORP 7.375% | CUSIP: 07317QAK1<br>LEI: 549300R5LTV2H7I1I079 | Long             | DBT              | CORP              | CA        |   2085000 | PA      | $2041437.89   | 0.09%             | 2032-03-15      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| PANTHER ESCROW ISS 7.125% | PANTHER ESCROW ISS 7.125% | CUSIP: 69867RAA5<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   9505000 | PA      | $9886321.59   | 0.42%             |  |  |  | Yes           |                  2 | On Loan: No      |
| NABORS INDS. INC 7.375%   | NABORS INDS. INC 7.375%   | CUSIP: 62957HAJ4<br>LEI: 549300VFQWRKICUFNU92 | Long             | DBT              | CORP              | US        |   1230000 | PA      | $1248582.84   | 0.05%             | 2027-05-15      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| FIRST QUANTUM MINE 9.375% | FIRST QUANTUM MINE 9.375% | CUSIP: 335934AV7<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | DBT              | CORP              | CA        |    945000 | PA      | $1001534.63   | 0.04%             | 2029-03-01      | Fixed         | 9.38%                 | Yes           |                  2 | On Loan: No      |
| BOMBARDIER INC 7.25%      | BOMBARDIER INC 7.25%      | CUSIP: 097751CB5<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |   2890000 | PA      | $3063493.26   | 0.13%             | 2031-07-01      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| COHERENT CORP 5.00%       | COHERENT CORP 5.00%       | CUSIP: 902104AC2<br>LEI: 549300O5C25A0MMHHU33 | Long             | DBT              | CORP              | US        |   4011000 | PA      | $3955663.80   | 0.17%             | 2029-12-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| UNITED RENTALS NOR 6.125% | UNITED RENTALS NOR 6.125% | CUSIP: 911365BR4<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |   1730000 | PA      | $1798893.79   | 0.08%             | 2034-03-15      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| HOWDEN UK REFINANC 8.125% | HOWDEN UK REFINANC 8.125% | CUSIP: 44287DAA1<br>LEI: 875500O63ODR8S3K5X33 | Long             | DBT              | CORP              | GB        |   7435000 | PA      | $7713797.63   | 0.33%             | 2032-02-15      | Fixed         | 8.12%                 | Yes           |                  2 | On Loan: No      |
| ALLIED UNIVERSAL H 7.875% | ALLIED UNIVERSAL H 7.875% | CUSIP: 019576AD9<br>LEI: 98450038B4549046D794 | Long             | DBT              | CORP              | US        |   5170000 | PA      | $5420722.87   | 0.23%             | 2031-02-15      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| AAR ESCROW ISSUER L 6.75% | AAR ESCROW ISSUER L 6.75% | CUSIP: 00253PAA6<br>LEI: MP76T5YQX3YK5VVAQ802 | Long             | EC               | CORP              | US        |   5375000 | PA      | $5533157.44   | 0.24%             |  |  |  | Yes           |                  2 | On Loan: No      |
| ARDONAGH GRP. FIN. 8.875% | ARDONAGH GRP. FIN. 8.875% | CUSIP: 039956AA5<br>LEI: 254900SRT1BTAJ76NW62 | Long             | DBT              | CORP              | JE        |  11302000 | PA      | $11881728.07  | 0.51%             | 2032-02-15      | Fixed         | 8.88%                 | Yes           |                  2 | On Loan: No      |
| CLEAR CHANNEL OUTD 7.875% | CLEAR CHANNEL OUTD 7.875% | CUSIP: 18453HAF3<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |   2260000 | PA      | $2373058.76   | 0.10%             | 2030-04-01      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| USA COMPRESSION PA 7.125% | USA COMPRESSION PA 7.125% | CUSIP: 91740PAG3<br>LEI: 5493000B1PEOKXRZEO65 | Long             | DBT              | CORP              | US        |   4560000 | PA      | $4702837.44   | 0.20%             | 2029-03-15      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| CRESCENT ENERGY FI 7.625% | CRESCENT ENERGY FI 7.625% | CUSIP: 45344LAD5<br>LEI: 54930061FUL6DBLFUW14 | Long             | DBT              | CORP              | US        |   4315000 | PA      | $4285197.16   | 0.18%             | 2032-04-01      | Fixed         | 7.62%                 | Yes           |                  2 | On Loan: No      |
| ZIPRECRUITER INC 5.00%    | ZIPRECRUITER INC 5.00%    | CUSIP: 98980BAA1<br>LEI: 549300HLOVNNFCY2IV80 | Long             | DBT              | CORP              | US        |   1749000 | PA      | $1407803.51   | 0.06%             | 2030-01-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| GOTO GRP. INC 5.50%       | GOTO GRP. INC 5.50%       | CUSIP: 38349YAA3<br>LEI: 549300D12V5KRBV00592 | Long             | DBT              | CORP              | US        |   2022227 | PA      | $1638003.87   | 0.07%             | 2028-05-01      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| CNX RES. CORP 7.25%       | CNX RES. CORP 7.25%       | CUSIP: 12653CAL2<br>LEI: 549300JK3KH8PWM3B226 | Long             | DBT              | CORP              | US        |   5330000 | PA      | $5529485.00   | 0.24%             | 2032-03-01      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| ALCOA NEDERLAND HL 7.125% | ALCOA NEDERLAND HL 7.125% | CUSIP: 013822AH4<br>LEI: 5493000UL1QLQLT1VQ42 | Long             | DBT              | CORP              | NL        |   7030000 | PA      | $7389809.46   | 0.32%             | 2031-03-15      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| LEVEL 3 FINC. INC 4.875%  | LEVEL 3 FINC. INC 4.875%  | CUSIP: 527298CB7<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |   1490000 | PA      | $1400749.00   | 0.06%             | 2029-06-15      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| VITAL ENERGY INC 7.875%   | VITAL ENERGY INC 7.875%   | CUSIP: 516806AK2<br>LEI: 549300X0PTWU2QSLSL14 | Long             | DBT              | CORP              | US        |    790000 | PA      | $766882.47    | 0.03%             | 2032-04-15      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| RANGE RES. CORP 8.25%     | RANGE RES. CORP 8.25%     | CUSIP: 75281ABJ7<br>LEI: H3Y3WLYCX0BTO1TRW162 | Long             | DBT              | CORP              | US        |   3935000 | PA      | $4027437.09   | 0.17%             | 2029-01-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| LUMEN TECHNOLOGIES 7.60%  | LUMEN TECHNOLOGIES 7.60%  | CUSIP: 156700AM8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    340000 | PA      | $317900.00    | 0.01%             | 2039-09-15      | Fixed         | 7.60%                 | No            |                  2 | On Loan: No      |
| MACY S RET. HLDGS. 4.50%  | MACY S RET. HLDGS. 4.50%  | CUSIP: 55616XAM9<br>LEI: 549300JMONK27O4SQQ19 | Long             | DBT              | CORP              | US        |   5280000 | PA      | $4627267.92   | 0.20%             | 2034-12-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS. LLC / CC 4.50% | CCO HLDGS. LLC / CC 4.50% | CUSIP: 1248EPCL5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   9815000 | PA      | $8726131.36   | 0.37%             | 2033-06-01      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| COINBASE GBL. INC 3.625%  | COINBASE GBL. INC 3.625%  | CUSIP: 19260QAD9<br>LEI: 5493004G3J2SC154DU06 | Long             | DBT              | CORP              | US        |   6025000 | PA      | $5376558.17   | 0.23%             | 2031-10-01      | Fixed         | 3.62%                 | Yes           |                  2 | On Loan: No      |
| CARVANA CO PIK            | CARVANA CO PIK            | CUSIP: 146869AN2<br>LEI: 5493003WEAK2PJ5WS063 | Long             | DBT              | CORP              | US        |   1194203 | PA      | $1249395.48   | 0.05%             | 2030-06-01      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| MPT OPERATING P/SHI 8.50% | MPT OPERATING P/SHI 8.50% | CUSIP: 55342UAQ7<br>LEI: WUQXXXF7PXTUPGROE843 | Long             | DBT              | CORP              | US        |    600000 | PA      | $637537.20    | 0.03%             | 2032-02-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| AXON ENT. INC 6.125%      | AXON ENT. INC 6.125%      | CUSIP: 05464CAC5<br>LEI: 549300QP2IEEGFE16681 | Long             | DBT              | CORP              | US        |   2865000 | PA      | $2942433.70   | 0.13%             | 2030-03-15      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| ROCKIES EXPRESS PIP 6.75% | ROCKIES EXPRESS PIP 6.75% | CUSIP: 77340RAU1<br>LEI: W2ZGZGZKY5GGNY6F3V51 | Long             | DBT              | CORP              | US        |   1470000 | PA      | $1534408.05   | 0.07%             | 2033-03-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| XPLR INFRA. OPERAT 8.625% | XPLR INFRA. OPERAT 8.625% | CUSIP: 98380MAB1<br>LEI: 549300KJEC5IUVJWR786 | Long             | DBT              | CORP              | US        |   1895000 | PA      | $1987265.66   | 0.08%             | 2033-03-15      | Fixed         | 8.62%                 | Yes           |                  2 | On Loan: No      |
| EZCORP INC 7.375%         | EZCORP INC 7.375%         | CUSIP: 302301AJ5<br>LEI: 5493003K6PG3ZQ7TUQ63 | Long             | DBT              | CORP              | US        |   2540000 | PA      | $2706326.82   | 0.12%             | 2032-04-01      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| JPR ROYALTY SUB LL 14.00% | JPR ROYALTY SUB LL 14.00% | CUSIP: 46635XAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   8000000 | PA      | $0.00         | 0.00%             | 2020-12-31      | Fixed         | 14.00%                | Yes           |                  3 | On Loan: No      |
| FORTESCUE TSY. PTY 4.375% | FORTESCUE TSY. PTY 4.375% | CUSIP: 30251GBC0<br>LEI: 549300EFD6S2NFE9D745 | Long             | DBT              | CORP              | AU        |   7160000 | PA      | $6835920.50   | 0.29%             | 2031-04-01      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| GOODYEAR TIRE & RUB 5.25% | GOODYEAR TIRE & RUB 5.25% | CUSIP: 382550BJ9<br>LEI: 5493002BI0S2ZQUY3437 | Long             | DBT              | CORP              | US        |   2690000 | PA      | $2542049.46   | 0.11%             | 2031-04-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PATRICK INDS. INC 4.75%   | PATRICK INDS. INC 4.75%   | CUSIP: 703343AD5<br>LEI: 549300FZ5ZTCCJ3Z5W14 | Long             | DBT              | CORP              | US        |   1150000 | PA      | $1126495.50   | 0.05%             | 2029-05-01      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| ORGANON / ORGANON 5.125%  | ORGANON / ORGANON 5.125%  | CUSIP: 68622TAB7<br>LEI: 549300AMCKY57OK2CO56 | Long             | DBT              | CORP              | US        |   5255000 | PA      | $4603637.44   | 0.20%             | 2031-04-30      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| BOYNE USA INC 4.75%       | BOYNE USA INC 4.75%       | CUSIP: 103557AC8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5155000 | PA      | $5057537.92   | 0.22%             | 2029-05-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| CAYENNE AVIA PREF UNITS   | CAYENNE AVIA PREF UNITS   | CUSIP: 461UNT248<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     15725 | NS      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| CCO HLDGS. LLC / CC 4.25% | CCO HLDGS. LLC / CC 4.25% | CUSIP: 1248EPCP6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5906000 | PA      | $5106108.78   | 0.22%             | 2034-01-15      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| JEFFERIES FIN. LLC 5.00%  | JEFFERIES FIN. LLC 5.00%  | CUSIP: 47232MAF9<br>LEI: 549300SKVB18YSSIDT75 | Long             | DBT              | CORP              | US        |   6350000 | PA      | $6135272.85   | 0.26%             | 2028-08-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| DIRECTV FINC. LLC 5.875%  | DIRECTV FINC. LLC 5.875%  | CUSIP: 25461LAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3954000 | PA      | $3949563.61   | 0.17%             | 2027-08-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| BROOKFIELD PROP. RE 4.50% | BROOKFIELD PROP. RE 4.50% | CUSIP: 11284DAC9<br>LEI: 549300K1JD1LDRNBET48 | Long             | DBT              | CORP              | US        |   3563000 | PA      | $3499406.86   | 0.15%             | 2027-04-01      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| CAPSTONE BORROWER I 8.00% | CAPSTONE BORROWER I 8.00% | CUSIP: 140944AA7<br>LEI: 254900YSP2BAI3YKIX08 | Long             | DBT              | CORP              | US        |   3065000 | PA      | $3205349.42   | 0.14%             | 2030-06-15      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| AMC NETWORKS INC 10.50%   | AMC NETWORKS INC 10.50%   | CUSIP: 00164VAK9<br>LEI: 549300VGG9K75226LR46 | Long             | DBT              | CORP              | US        |   3470000 | PA      | $3669299.45   | 0.16%             | 2032-07-15      | Fixed         | 10.50%                | Yes           |                  2 | On Loan: No      |
| ALTICE FRANCE SA/FR 5.50% | ALTICE FRANCE SA/FR 5.50% | CUSIP: 02156LAC5<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |   3295000 | PA      | $2899600.00   | 0.12%             | 2028-01-15      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| FXI HLDGS. INC 12.25%     | FXI HLDGS. INC 12.25%     | CUSIP: 35166FAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   7354000 | PA      | $6470784.60   | 0.28%             | 2026-11-15      | Fixed         | 12.25%                | Yes           |                  2 | On Loan: No      |
| NI US GOV T PORTFOLIO     | NI US GOV T PORTFOLIO     | CUSIP: 665278404<br>LEI: 549300Y178DO5JBR1S04 | Long             | STIV             | RF                | US        |  47692055 | NS      | $47692054.72  | 2.04%             |  |  |  | No            |                  1 | On Loan: No      |
| TMS INTL. CORP/DE 6.25%   | TMS INTL. CORP/DE 6.25%   | CUSIP: 87261QAC7<br>LEI: 549300L4K0F1YF8WKF23 | Long             | DBT              | CORP              | US        |   2165000 | PA      | $2099448.13   | 0.09%             | 2029-04-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| MICHAELS COS INC/TH 5.25% | MICHAELS COS INC/TH 5.25% | CUSIP: 55916AAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5005000 | PA      | $4606646.74   | 0.20%             | 2028-05-01      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| STRATHCONA RES. LT 6.875% | STRATHCONA RES. LT 6.875% | CUSIP: 86304TAA6<br>LEI: 549300YNIUISTSZMLF56 | Long             | DBT              | CORP              | CA        |   4845000 | PA      | $4848032.97   | 0.21%             | 2026-08-01      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| ADAPTHEALTH LLC 5.125%    | ADAPTHEALTH LLC 5.125%    | CUSIP: 00653VAE1<br>LEI: 549300SN58QQ28RVWE26 | Long             | DBT              | CORP              | US        |   7535000 | PA      | $7185551.57   | 0.31%             | 2030-03-01      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| VENTURE GBL. LNG I 8.375% | VENTURE GBL. LNG I 8.375% | CUSIP: 92332YAB7<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |  13653000 | PA      | $14335244.64  | 0.61%             | 2031-06-01      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| SWEDBANK AB F2V           | SWEDBANK AB F2V           | CUSIP: W94240HF3<br>LEI: M312WZV08Y7LYUC71685 | Long             | DBT              | CORP              | SE        |   5475000 | PA      | $5781055.79   | 0.25%             | 2049-12-31      | Fixed         | 7.63%                 | Yes           |                  2 | On Loan: No      |
| OWENS-BROCKWAY GLAS 7.25% | OWENS-BROCKWAY GLAS 7.25% | CUSIP: 69073TAU7<br>LEI: V2UQUCDZJ9WY98W8QU33 | Long             | DBT              | CORP              | US        |   1420000 | PA      | $1445525.92   | 0.06%             | 2031-05-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| LIFEPOINT HEALTH I 9.875% | LIFEPOINT HEALTH I 9.875% | CUSIP: 53219LAV1<br>LEI: 549300G8ZVHRTBBBSZ90 | Long             | DBT              | CORP              | US        |   4025000 | PA      | $4358825.45   | 0.19%             | 2030-08-15      | Fixed         | 9.88%                 | Yes           |                  2 | On Loan: No      |
| SURGERY CENTER HLDG 7.25% | SURGERY CENTER HLDG 7.25% | CUSIP: 86881WAF9<br>LEI: 54930054EVI5HWPPW113 | Long             | DBT              | CORP              | US        |   7626000 | PA      | $7833778.00   | 0.33%             | 2032-04-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| COMSTOCK RES. INC 6.75%   | COMSTOCK RES. INC 6.75%   | CUSIP: 205768AU8<br>LEI: I03QQGEA4SS774AURI46 | Long             | DBT              | CORP              | US        |   1990000 | PA      | $1978060.00   | 0.08%             | 2029-03-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| BEASLEY BROADCAST GRP. IN | BEASLEY BROADCAST GRP. IN | CUSIP: 074014200<br>LEI: 549300R5FEOSY86VTY76 | Long             | EC               | CORP              | US        |      6461 | NS      | $34889.40     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITED STATES TSY. 0.00%  | UNITED STATES TSY. 0.00%  | CUSIP: 912797NL7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    551000 | PA      | $547449.55    | 0.02%             | 2025-11-28      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PHOENIX AVIATION CA 9.25% | PHOENIX AVIATION CA 9.25% | CUSIP: 71910DAA9<br>LEI: 8945008YQAKXZQ3VYJ15 | Long             | DBT              | CORP              | KY        |   3455000 | PA      | $3675822.87   | 0.16%             | 2030-07-15      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| FORVIA SE 6.75%           | FORVIA SE 6.75%           | CUSIP: 31209DAC9<br>LEI: N/A                  | Long             | DBT              | CORP              | FR        |   1930000 | PA      | $1958098.68   | 0.08%             | 2033-09-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| WINDSTREAM SERVS. L 7.50% | WINDSTREAM SERVS. L 7.50% | CUSIP: 97382BAB5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    775000 | PA      | $774790.75    | 0.03%             | 2033-10-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| ARD FIN. SA PIK           | ARD FIN. SA PIK           | CUSIP: 00191AAD8<br>LEI: 6354006P6QPGGPVJW880 | Long             | DBT              | CORP              | LU        |   6067498 | PA      | $151687.45    | 0.01%             | 2027-06-30      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| UNITED AIRLINES IN 4.625% | UNITED AIRLINES IN 4.625% | CUSIP: 90932LAH0<br>LEI: K1OQBWM7XEOO08LDNP29 | Long             | DBT              | CORP              | US        |   6860000 | PA      | $6754964.83   | 0.29%             | 2029-04-15      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| IMOLA MERGER CORP 4.75%   | IMOLA MERGER CORP 4.75%   | CUSIP: 45258LAA5<br>LEI: 549300KJMEWPKRQZHX63 | Long             | DBT              | CORP              | US        |   5720000 | PA      | $5563412.71   | 0.24%             | 2029-05-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| ORGANON / ORGANON 4.125%  | ORGANON / ORGANON 4.125%  | CUSIP: 68622TAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   6060000 | PA      | $5854823.07   | 0.25%             | 2028-04-30      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| UNITED RENTALS NORT 3.75% | UNITED RENTALS NORT 3.75% | CUSIP: 911365BP8<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |   2030000 | PA      | $1880553.84   | 0.08%             | 2032-01-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| TALEN ENERGY SUPPL 8.625% | TALEN ENERGY SUPPL 8.625% | CUSIP: 87422VAK4<br>LEI: K5K33XN0PQAU1XF7NN66 | Long             | DBT              | CORP              | US        |   3435000 | PA      | $3646386.47   | 0.16%             | 2030-06-01      | Fixed         | 8.62%                 | Yes           |                  2 | On Loan: No      |
| MAXIM CRANE WORKS 11.50%  | MAXIM CRANE WORKS 11.50%  | CUSIP: 57779EAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   6655000 | PA      | $7053375.35   | 0.30%             | 2028-09-01      | Fixed         | 11.50%                | Yes           |                  2 | On Loan: No      |
| RAKUTEN GRP. INC 9.75%    | RAKUTEN GRP. INC 9.75%    | CUSIP: 75102WAK4<br>LEI: 529900IMXUCQKUL1H943 | Long             | DBT              | CORP              | JP        |   2947000 | PA      | $3313797.77   | 0.14%             | 2029-04-15      | Fixed         | 9.75%                 | Yes           |                  2 | On Loan: No      |
| PLANET FINL. GRP. 10.50%  | PLANET FINL. GRP. 10.50%  | CUSIP: 72702AAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5945000 | PA      | $6250739.46   | 0.27%             | 2029-12-15      | Fixed         | 10.50%                | Yes           |                  2 | On Loan: No      |
| ONESKY FLIGHT LLC 8.875%  | ONESKY FLIGHT LLC 8.875%  | CUSIP: 68278CAA3<br>LEI: 549300PM6NEPXGG5B882 | Long             | DBT              | CORP              | US        |   6725000 | PA      | $7071693.93   | 0.30%             | 2029-12-15      | Fixed         | 8.88%                 | Yes           |                  2 | On Loan: No      |
| TURNING POINT BRAN 7.625% | TURNING POINT BRAN 7.625% | CUSIP: 90041LAG0<br>LEI: 549300IYG00QF0VVP302 | Long             | DBT              | CORP              | US        |   5685000 | PA      | $6015867.00   | 0.26%             | 2032-03-15      | Fixed         | 7.62%                 | Yes           |                  2 | On Loan: No      |
| LEVEL 3 FINC. INC 6.875%  | LEVEL 3 FINC. INC 6.875%  | CUSIP: 527298CM3<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |   4010000 | PA      | $4086911.80   | 0.17%             | 2033-06-30      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| AMERICAN AXLE & MFG 7.75% | AMERICAN AXLE & MFG 7.75% | CUSIP: 02406PBD1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2150000 | PA      | $2166760.65   | 0.09%             | 2033-10-15      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| ZF NORTH AMERICA CA 7.50% | ZF NORTH AMERICA CA 7.50% | CUSIP: 98877DAH8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1600000 | PA      | $1589106.27   | 0.07%             | 2031-03-24      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| MELCO RESORTS FIN. 6.50%  | MELCO RESORTS FIN. 6.50%  | CUSIP: 58547DAJ8<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |   2065000 | PA      | $2066631.35   | 0.09%             | 2033-09-24      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| MINERAL RES. LTD 7.00%    | MINERAL RES. LTD 7.00%    | CUSIP: 603051AF0<br>LEI: N/A                  | Long             | DBT              | CORP              | AU        |   2410000 | PA      | $2441175.83   | 0.10%             | 2031-04-01      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| AMN HEALTHCARE INC 6.50%  | AMN HEALTHCARE INC 6.50%  | CUSIP: 00175PAD5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2445000 | PA      | $2452555.00   | 0.10%             | 2031-01-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| LUMEN TECHS. INC 7.65%    | LUMEN TECHS. INC 7.65%    | CUSIP: 156700AT3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    340000 | PA      | $316200.00    | 0.01%             | 2042-03-15      | Fixed         | 7.65%                 | No            |                  2 | On Loan: No      |
| PARKLAND CORP 4.50%       | PARKLAND CORP 4.50%       | CUSIP: 70137WAG3<br>LEI: 549300UY5C6HUV0XLS53 | Long             | DBT              | CORP              | CA        |   5320000 | PA      | $5181052.98   | 0.22%             | 2029-10-01      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| ALLY FINL. INC F2V        | ALLY FINL. INC F2V        | CUSIP: 02005NBM1<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |   5605000 | PA      | $5458864.14   | 0.23%             | 2049-12-31      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| JEFFERSON CAP. HLDG 6.00% | JEFFERSON CAP. HLDG 6.00% | CUSIP: 472481AA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   7235000 | PA      | $7233263.60   | 0.31%             | 2026-08-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| ALTICE FINC. SA 5.75%     | ALTICE FINC. SA 5.75%     | CUSIP: 02154CAH6<br>LEI: 549300DIYGW8HVDF7Q17 | Long             | DBT              | CORP              | LU        |   2160000 | PA      | $1625400.00   | 0.07%             | 2029-08-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| BOMBARDIER INC 6.00%      | BOMBARDIER INC 6.00%      | CUSIP: 097751BX8<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |   8745000 | PA      | $8767107.36   | 0.37%             | 2028-02-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| PHINIA INC 6.75%          | PHINIA INC 6.75%          | CUSIP: 71880KAA9<br>LEI: 254900HG6MORZE1FFM18 | Long             | DBT              | CORP              | US        |   7040000 | PA      | $7252541.54   | 0.31%             | 2029-04-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| ENDO ESCROW               | ENDO ESCROW               | CUSIP: 698ESCAA8<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   8813000 | NS      | $0.09         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| CELANESE US HLDGS. 6.75%  | CELANESE US HLDGS. 6.75%  | CUSIP: 15089QBA1<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |   2450000 | PA      | $2439663.33   | 0.10%             | 2033-04-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CELANESE US HLDGS. 6.50%  | CELANESE US HLDGS. 6.50%  | CUSIP: 15089QAZ7<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |   3060000 | PA      | $3080008.82   | 0.13%             | 2030-04-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| SUNOCO LP 6.25%           | SUNOCO LP 6.25%           | CUSIP: 86765KAD1<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |   1385000 | PA      | $1409711.49   | 0.06%             | 2033-07-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| SEAGATE DATA STORA 3.375% | SEAGATE DATA STORA 3.375% | CUSIP: 81180LAP0<br>LEI: N/A                  | Long             | DBT              | CORP              | SG        |   2615000 | PA      | $2250608.64   | 0.10%             | 2031-07-15      | Fixed         | 3.38%                 | Yes           |                  2 | On Loan: No      |
| K HOVNANIAN ENTS. 8.375%  | K HOVNANIAN ENTS. 8.375%  | CUSIP: 48251UAQ1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1030000 | PA      | $1056009.48   | 0.05%             | 2033-10-01      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| CHORD ENERGY CORP 6.00%   | CHORD ENERGY CORP 6.00%   | CUSIP: 674215AQ1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1675000 | PA      | $1663337.44   | 0.07%             | 2030-10-01      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| NORTHERN OIL & GAS 7.875% | NORTHERN OIL & GAS 7.875% | CUSIP: 665531AL3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    940000 | PA      | $936280.68    | 0.04%             | 2033-10-15      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| CROSSCOUNTRY INTERM 6.50% | CROSSCOUNTRY INTERM 6.50% | CUSIP: 22757VAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1800000 | PA      | $1806623.46   | 0.08%             | 2030-10-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| ENCORE CAP. GRP. I 6.625% | ENCORE CAP. GRP. I 6.625% | CUSIP: 292554AS1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2305000 | PA      | $2298292.24   | 0.10%             | 2031-04-15      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| MELCO RESORTS FIN. 5.375% | MELCO RESORTS FIN. 5.375% | CUSIP: 58547DAD1<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |   2500000 | PA      | $2451719.50   | 0.10%             | 2029-12-04      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| TELESAT CANADA / T 5.625% | TELESAT CANADA / T 5.625% | CUSIP: 87952VAR7<br>LEI: 5493004V5GLBY6SO5Y34 | Long             | DBT              | CORP              | CA        |   1950000 | PA      | $1560000.00   | 0.07%             | 2026-12-06      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| GPS HOSPITALITY HLD 7.00% | GPS HOSPITALITY HLD 7.00% | CUSIP: 36262BAA0<br>LEI: 5493007IGLBCP32TTG10 | Long             | DBT              | CORP              | US        |   6555000 | PA      | $3755883.90   | 0.16%             | 2028-08-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| PENNYMAC FINL. SERV 5.75% | PENNYMAC FINL. SERV 5.75% | CUSIP: 70932MAC1<br>LEI: 549300W1D516HBDEU871 | Long             | DBT              | CORP              | US        |   3070000 | PA      | $3043368.21   | 0.13%             | 2031-09-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| CIVITAS RES. INC 8.375%   | CIVITAS RES. INC 8.375%   | CUSIP: 17888HAA1<br>LEI: IIVIHPH28S64K95M2381 | Long             | DBT              | CORP              | US        |   3565000 | PA      | $3695297.19   | 0.16%             | 2028-07-01      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| VT TOPCO INC 8.50%        | VT TOPCO INC 8.50%        | CUSIP: 91838PAA9<br>LEI: 5493007T812R37X02Y38 | Long             | DBT              | CORP              | US        |   6720000 | PA      | $6837001.92   | 0.29%             | 2030-08-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| ALLIANCE RESOURCE 8.625%  | ALLIANCE RESOURCE 8.625%  | CUSIP: 01879NAC9<br>LEI: 2549007036KGPSVTHP54 | Long             | DBT              | CORP              | US        |   2900000 | PA      | $3069757.30   | 0.13%             | 2029-06-15      | Fixed         | 8.62%                 | Yes           |                  2 | On Loan: No      |
| BLACKSTONE MTGE. TS 7.75% | BLACKSTONE MTGE. TS 7.75% | CUSIP: 09257WAF7<br>LEI: 549300OLDJ20R2Y2UW20 | Long             | DBT              | CORP              | US        |   2200000 | PA      | $2321160.60   | 0.10%             | 2029-12-01      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| ALUMINA PTY LTD 6.375%    | ALUMINA PTY LTD 6.375%    | CUSIP: 02220AAB3<br>LEI: 2138002VD9MW2WT8HR38 | Long             | DBT              | CORP              | AU        |   3623000 | PA      | $3714064.11   | 0.16%             | 2032-09-15      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| BNP PARIBAS SA F2V        | BNP PARIBAS SA F2V        | CUSIP: 05602XQQ4<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |   2325000 | PA      | $2426711.78   | 0.10%             | 2049-12-31      | Fixed         | 7.45%                 | Yes           |                  2 | On Loan: No      |
| PARK RIVER HLDGS. I 8.00% | PARK RIVER HLDGS. I 8.00% | CUSIP: 70082LAC1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    970000 | PA      | $982294.04    | 0.04%             | 2031-03-15      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| OLYMPUS WATER US HL 7.25% | OLYMPUS WATER US HL 7.25% | CUSIP: 681639AE0<br>LEI: 549300YU2GGVCBN3MY89 | Long             | DBT              | CORP              | US        |   3995000 | PA      | $3999160.95   | 0.17%             | 2033-02-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| FORD MOTOR CO 4.75%       | FORD MOTOR CO 4.75%       | CUSIP: 345370CQ1<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | DBT              | CORP              | US        |   2095000 | PA      | $1670376.64   | 0.07%             | 2043-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| BATH & BODY WORKS I 6.75% | BATH & BODY WORKS I 6.75% | CUSIP: 501797AM6<br>LEI: GR3KVMWVCR54YWQNXU90 | Long             | DBT              | CORP              | US        |   7455000 | PA      | $7671582.66   | 0.33%             | 2036-07-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| VM CONS. INC 5.50%        | VM CONS. INC 5.50%        | CUSIP: 91835HAA0<br>LEI: 549300GCTGJLEBXJUK89 | Long             | DBT              | CORP              | US        |   3530000 | PA      | $3511413.49   | 0.15%             | 2029-04-15      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| ALTICE FRANCE SA/F 5.125% | ALTICE FRANCE SA/F 5.125% | CUSIP: 02156LAF8<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |   6610000 | PA      | $5644940.00   | 0.24%             | 2029-07-15      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| VOYAGER AVIATION UNITS    | VOYAGER AVIATION UNITS    | CUSIP: 461UNT123<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2621 | NS      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| ALTICE FRANCE SA 5.50%    | ALTICE FRANCE SA 5.50%    | CUSIP: 02156LAH4<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |   9195000 | PA      | $7953089.74   | 0.34%             | 2029-10-15      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| EMRLD BORROWER LP 6.625%  | EMRLD BORROWER LP 6.625%  | CUSIP: 29103CAA6<br>LEI: 5493000GJYE7GAQCUC61 | Long             | DBT              | CORP              | US        |   9800000 | PA      | $10073900.20  | 0.43%             | 2030-12-15      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| XPO INC 7.125%            | XPO INC 7.125%            | CUSIP: 98379KAB8<br>LEI: 54930096DB9LCLPN7H13 | Long             | DBT              | CORP              | US        |   8204000 | PA      | $8583697.53   | 0.37%             | 2031-06-01      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| TRANSDIGM INC 6.875%      | TRANSDIGM INC 6.875%      | CUSIP: 893647BS5<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |   3615000 | PA      | $3745628.03   | 0.16%             | 2030-12-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| CVS HEALTH CORP F2V       | CVS HEALTH CORP F2V       | CUSIP: 126650EG1<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |   5635000 | PA      | $5816644.23   | 0.25%             | 2054-12-10      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| WEX INC 6.50%             | WEX INC 6.50%             | CUSIP: 96208TAD6<br>LEI: T9M5IGROL1TL1G5OV478 | Long             | DBT              | CORP              | US        |   2530000 | PA      | $2583845.99   | 0.11%             | 2033-03-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| AXON ENT. INC 6.25%       | AXON ENT. INC 6.25%       | CUSIP: 05464CAD3<br>LEI: 549300QP2IEEGFE16681 | Long             | DBT              | CORP              | US        |   1655000 | PA      | $1703484.88   | 0.07%             | 2033-03-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| CAPSTONE COPPER COR 6.75% | CAPSTONE COPPER COR 6.75% | CUSIP: 14071LAA6<br>LEI: 549300III6KGKKC42W63 | Long             | DBT              | CORP              | CA        |   4420000 | PA      | $4552728.18   | 0.19%             | 2033-03-31      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| AMERICAN AXLE & MF 6.375% | AMERICAN AXLE & MF 6.375% | CUSIP: 02406PBC3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1445000 | PA      | $1442560.22   | 0.06%             | 2032-10-15      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| DIRECTV FINC. LLC 8.875%  | DIRECTV FINC. LLC 8.875%  | CUSIP: 254945AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2455000 | PA      | $2424855.82   | 0.10%             | 2030-02-01      | Fixed         | 8.88%                 | Yes           |                  2 | On Loan: No      |
| HAWAIIAN ELEC. CO I 6.00% | HAWAIIAN ELEC. CO I 6.00% | CUSIP: 419866AV0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1565000 | PA      | $1578603.37   | 0.07%             | 2033-10-01      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| FIVE POINT OPERATIN 8.00% | FIVE POINT OPERATIN 8.00% | CUSIP: 33834YAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1080000 | PA      | $1095953.03   | 0.05%             | 2030-10-01      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| LAMAR MEDIA CORP 5.375%   | LAMAR MEDIA CORP 5.375%   | CUSIP: 513075CA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3515000 | PA      | $3489143.41   | 0.15%             | 2033-11-01      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| NEWELL BRANDS INC STP     | NEWELL BRANDS INC STP     | CUSIP: 651229AX4<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |   9065000 | PA      | $9019183.68   | 0.39%             | 2036-04-01      | Fixed         | 6.87%                 | No            |                  2 | On Loan: No      |
| ALBERTSONS COS / S 4.625% | ALBERTSONS COS / S 4.625% | CUSIP: 013092AC5<br>LEI: 549300YKWOC0AOR16R51 | Long             | DBT              | CORP              | US        |   4150000 | PA      | $4123920.16   | 0.18%             | 2027-01-15      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| ARETEC GRP. INC 7.50%     | ARETEC GRP. INC 7.50%     | CUSIP: 040133AA8<br>LEI: 549300NV2T8A33L0PQ58 | Long             | DBT              | CORP              | US        |   3742000 | PA      | $3759935.41   | 0.16%             | 2029-04-01      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| MICHAELS COS INC/T 7.875% | MICHAELS COS INC/T 7.875% | CUSIP: 55916AAB0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2240000 | PA      | $1870400.00   | 0.08%             | 2029-05-01      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| PREMIER ENTERTAINM 5.875% | PREMIER ENTERTAINM 5.875% | CUSIP: 74052HAB0<br>LEI: 549300KRDMIL2NJVZ267 | Long             | DBT              | CORP              | US        |   2190000 | PA      | $1129083.87   | 0.05%             | 2031-09-01      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| FIRST QUANTUM MINE 8.625% | FIRST QUANTUM MINE 8.625% | CUSIP: 335934AU9<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | DBT              | CORP              | CA        |   9070000 | PA      | $9530420.41   | 0.41%             | 2031-06-01      | Fixed         | 8.62%                 | Yes           |                  2 | On Loan: No      |
| CARVANA CO PIK            | CARVANA CO PIK            | CUSIP: 146869AL6<br>LEI: 5493003WEAK2PJ5WS063 | Long             | DBT              | CORP              | US        |    677739 | PA      | $692988.13    | 0.03%             | 2028-12-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| XPLR INFRA. OPERAT 8.375% | XPLR INFRA. OPERAT 8.375% | CUSIP: 98380MAA3<br>LEI: 549300KJEC5IUVJWR786 | Long             | DBT              | CORP              | US        |    620000 | PA      | $649760.00    | 0.03%             | 2031-01-15      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| JONES DESLAURIERS 6.875%  | JONES DESLAURIERS 6.875%  | CUSIP: 48020RAE5<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |   1765000 | PA      | $1755748.05   | 0.08%             | 2033-10-01      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| SERVICE PROPS. TRUS 0.00% | SERVICE PROPS. TRUS 0.00% | CUSIP: 81761LAF9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    295000 | PA      | $260051.44    | 0.01%             | 2027-09-30      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| WEATHERFORD INTL. L 6.75% | WEATHERFORD INTL. L 6.75% | CUSIP: 947075AW7<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   4395000 | PA      | $4398057.21   | 0.19%             | 2033-10-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| NISSAN MOTOR ACCEP 6.125% | NISSAN MOTOR ACCEP 6.125% | CUSIP: 65480CAL9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1825000 | PA      | $1825623.35   | 0.08%             | 2030-09-30      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| CARVANA CO PIK            | CARVANA CO PIK            | CUSIP: 146869AM4<br>LEI: 5493003WEAK2PJ5WS063 | Long             | DBT              | CORP              | US        |   1633137 | PA      | $1849083.44   | 0.08%             | 2031-06-01      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| BRINK S CO/THE 6.50%      | BRINK S CO/THE 6.50%      | CUSIP: 109696AC8<br>LEI: XFP140TFNOQMIVFTVQ13 | Long             | DBT              | CORP              | US        |   4228000 | PA      | $4351030.57   | 0.19%             | 2029-06-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| WILLIAMS SCOTSMAN 6.625%  | WILLIAMS SCOTSMAN 6.625%  | CUSIP: 96949VAM5<br>LEI: 549300DAKDS8SCO1OT57 | Long             | DBT              | CORP              | US        |   3060000 | PA      | $3129936.30   | 0.13%             | 2029-06-15      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| SABRE GLBL INC 8.625%     | SABRE GLBL INC 8.625%     | CUSIP: 78573NAJ1<br>LEI: F2TJC7HPPHLHU1AQMP98 | Long             | DBT              | CORP              | US        |   9796000 | PA      | $9936280.88   | 0.42%             | 2027-06-01      | Fixed         | 8.62%                 | Yes           |                  2 | On Loan: No      |
| BANCO BILBAO VIZCAYA F2V  | BANCO BILBAO VIZCAYA F2V  | CUSIP: 05946KAM3<br>LEI: K8MS7FD7N5Z2WQ51AZ71 | Long             | DBT              | CORP              | ES        |   3775000 | PA      | $4212048.78   | 0.18%             | 2049-12-31      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| SHELF DRILLING HLD 9.625% | SHELF DRILLING HLD 9.625% | CUSIP: 822538AH7<br>LEI: 54930078ZJ3XP4MRYB68 | Long             | DBT              | CORP              | KY        |   1946000 | PA      | $2041303.91   | 0.09%             | 2029-04-15      | Fixed         | 9.62%                 | Yes           |                  2 | On Loan: No      |
| FREEDOM MTGE. HLDGS 9.25% | FREEDOM MTGE. HLDGS 9.25% | CUSIP: 35641AAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3230000 | PA      | $3398527.22   | 0.15%             | 2029-02-01      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| KRONOS ACQUISITION 8.25%  | KRONOS ACQUISITION 8.25%  | CUSIP: 50106GAG7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3520000 | PA      | $2728612.48   | 0.12%             | 2031-06-30      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| SM ENERGY CO 6.75%        | SM ENERGY CO 6.75%        | CUSIP: 78454LAX8<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | DBT              | CORP              | US        |   6668572 | PA      | $6700534.47   | 0.29%             | 2029-08-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| CITGO PETROLEUM CO 8.375% | CITGO PETROLEUM CO 8.375% | CUSIP: 17302XAN6<br>LEI: YX52P86PXMLYDOTUQ225 | Long             | DBT              | CORP              | US        |   2800000 | PA      | $2909737.60   | 0.12%             | 2029-01-15      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| NCR ATLEOS CORP 9.50%     | NCR ATLEOS CORP 9.50%     | CUSIP: 638962AA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  10984000 | PA      | $11890421.65  | 0.51%             | 2029-04-01      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: No      |
| TRANSOCEAN AQUILA L 8.00% | TRANSOCEAN AQUILA L 8.00% | CUSIP: 893790AA3<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |   1712308 | PA      | $1761324.22   | 0.08%             | 2028-09-30      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| CRUISE YACHT UPPE 11.875% | CRUISE YACHT UPPE 11.875% | CUSIP: X174B1AA0<br>LEI: 984500DE088QEE80G074 | Long             | DBT              | CORP              | MT        |   8250000 | PA      | $7218750.00   | 0.31%             | 2028-07-05      | Fixed         | 11.88%                | No            |                  2 | On Loan: No      |
| NABORS INDS. INC 8.875%   | NABORS INDS. INC 8.875%   | CUSIP: 62957HAQ8<br>LEI: 549300VFQWRKICUFNU92 | Long             | DBT              | CORP              | US        |   1591000 | PA      | $1481714.15   | 0.06%             | 2031-08-15      | Fixed         | 8.88%                 | Yes           |                  2 | On Loan: No      |
| STAR PARENT INC 9.00%     | STAR PARENT INC 9.00%     | CUSIP: 855170AA4<br>LEI: 254900GRGCJYRMDRWT73 | Long             | DBT              | CORP              | US        |   8211000 | PA      | $8680611.72   | 0.37%             | 2030-10-01      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| FREEDOM MTGE. CORP 12.25% | FREEDOM MTGE. CORP 12.25% | CUSIP: 35640YAL1<br>LEI: 549300LYRWPSYPK6S325 | Long             | DBT              | CORP              | US        |   4605000 | PA      | $5137070.91   | 0.22%             | 2030-10-01      | Fixed         | 12.25%                | Yes           |                  2 | On Loan: No      |
| BOOST NEWCO BORROWE 7.50% | BOOST NEWCO BORROWE 7.50% | CUSIP: 36268NAA8<br>LEI: 254900S8RE1OL7TTCU64 | Long             | DBT              | CORP              | US        |   6430000 | PA      | $6821548.42   | 0.29%             | 2031-01-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| ACUSHNET CO 7.375%        | ACUSHNET CO 7.375%        | CUSIP: 005095AA2<br>LEI: 549300H805O14KEFES79 | Long             | DBT              | CORP              | US        |   3530000 | PA      | $3660027.55   | 0.16%             | 2028-10-15      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| CIVITAS RES. INC 8.625%   | CIVITAS RES. INC 8.625%   | CUSIP: 17888HAC7<br>LEI: IIVIHPH28S64K95M2381 | Long             | DBT              | CORP              | US        |   2880000 | PA      | $2982713.79   | 0.13%             | 2030-11-01      | Fixed         | 8.62%                 | Yes           |                  2 | On Loan: No      |
| CSC HLDGS. LLC 11.75%     | CSC HLDGS. LLC 11.75%     | CUSIP: 126307BN6<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |   3025000 | PA      | $2543855.90   | 0.11%             | 2029-01-31      | Fixed         | 11.75%                | Yes           |                  2 | On Loan: No      |
| FORTRESS TRANSPORTA 7.00% | FORTRESS TRANSPORTA 7.00% | CUSIP: 34960PAG6<br>LEI: 529900E7PUVK6BC8PE80 | Long             | DBT              | CORP              | US        |   7570000 | PA      | $7922171.54   | 0.34%             | 2032-06-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| CPI CG INC 10.00%         | CPI CG INC 10.00%         | CUSIP: 12598FAC3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5435000 | PA      | $5698658.15   | 0.24%             | 2029-07-15      | Fixed         | 10.00%                | Yes           |                  2 | On Loan: No      |
| OPTICS BIDCO SPA 6.375%   | OPTICS BIDCO SPA 6.375%   | CUSIP: 683879AB6<br>LEI: N/A                  | Long             | DBT              | CORP              | IT        |   7504000 | PA      | $7447554.39   | 0.32%             | 2033-11-15      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| GLOBAL PARTNERS LP 6.875% | GLOBAL PARTNERS LP 6.875% | CUSIP: 37954FAJ3<br>LEI: 549300PCHWTW9P4DU444 | Long             | DBT              | CORP              | US        |   3625000 | PA      | $3656631.75   | 0.16%             | 2029-01-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| SCIENTIFIC GAMES H 6.625% | SCIENTIFIC GAMES H 6.625% | CUSIP: 80874DAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2565000 | PA      | $2384714.00   | 0.10%             | 2030-03-01      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| MCAFEE CORP 7.375%        | MCAFEE CORP 7.375%        | CUSIP: 579063AB4<br>LEI: 2549009UKR8UEZYVCR93 | Long             | DBT              | CORP              | US        |   6925000 | PA      | $6423570.45   | 0.27%             | 2030-02-15      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| PERMIAN RES. OPERAT 8.00% | PERMIAN RES. OPERAT 8.00% | CUSIP: 27034RAA1<br>LEI: 549300HGVO86L8G72J25 | Long             | DBT              | CORP              | US        |   4575000 | PA      | $4646059.22   | 0.20%             | 2027-04-15      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| FIESTA PURCHASER I 7.875% | FIESTA PURCHASER I 7.875% | CUSIP: 31659AAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   8605000 | PA      | $9081140.47   | 0.39%             | 2031-03-01      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| GENESEE & WYOMING I 6.25% | GENESEE & WYOMING I 6.25% | CUSIP: 371559AB1<br>LEI: G617XSG94Z7G0RMW3L02 | Long             | DBT              | CORP              | US        |   2935000 | PA      | $2982376.77   | 0.13%             | 2032-04-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| TRANSOCEAN INC 8.50%      | TRANSOCEAN INC 8.50%      | CUSIP: 893830BZ1<br>LEI: DOL4HJ22ADYSIWES4H94 | Long             | DBT              | CORP              | BM        |   1460000 | PA      | $1430844.81   | 0.06%             | 2031-05-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| VISTRA OPERATIONS 6.875%  | VISTRA OPERATIONS 6.875%  | CUSIP: 92840VAR3<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |   4250000 | PA      | $4444976.27   | 0.19%             | 2032-04-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| BRUNDAGE-BONE CONCR 7.50% | BRUNDAGE-BONE CONCR 7.50% | CUSIP: 66981QAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   7510000 | PA      | $7587698.46   | 0.32%             | 2032-02-01      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| ADIENT GBL. HLDGS. 7.50%  | ADIENT GBL. HLDGS. 7.50%  | CUSIP: 00687YAD7<br>LEI: 213800VA38VCKE6M8790 | Long             | DBT              | CORP              | JE        |   5235000 | PA      | $5420659.80   | 0.23%             | 2033-02-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| SABRE GLBL INC 11.125%    | SABRE GLBL INC 11.125%    | CUSIP: 78573NAM4<br>LEI: F2TJC7HPPHLHU1AQMP98 | Long             | DBT              | CORP              | US        |   6265000 | PA      | $6067339.25   | 0.26%             | 2030-07-15      | Fixed         | 11.12%                | Yes           |                  2 | On Loan: No      |
| BEACON MOBILITY COR 7.25% | BEACON MOBILITY COR 7.25% | CUSIP: 073644AA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3740000 | PA      | $3888324.66   | 0.17%             | 2030-08-01      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| NCL CORP LTD 5.875%       | NCL CORP LTD 5.875%       | CUSIP: 62886HBY6<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |   1570000 | PA      | $1569941.17   | 0.07%             | 2031-01-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| USA COMPRESSION PAR 6.25% | USA COMPRESSION PAR 6.25% | CUSIP: 91740PAH1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1525000 | PA      | $1530833.45   | 0.07%             | 2033-10-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| HUGHES SATELLITE S 6.625% | HUGHES SATELLITE S 6.625% | CUSIP: 444454AF9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2475000 | PA      | $2353603.73   | 0.10%             | 2026-08-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| CONSTELLIUM SE 3.75%      | CONSTELLIUM SE 3.75%      | CUSIP: 21039CAB0<br>LEI: 724500KRJEMC79KAAU28 | Long             | DBT              | CORP              | FR        |   2785000 | PA      | $2649881.83   | 0.11%             | 2029-04-15      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| NORTHERN OIL & GAS 8.125% | NORTHERN OIL & GAS 8.125% | CUSIP: 665531AG4<br>LEI: OKFF0PIZDDMNH4UCYE51 | Long             | DBT              | CORP              | US        |   3515000 | PA      | $3564628.29   | 0.15%             | 2028-03-01      | Fixed         | 8.12%                 | Yes           |                  2 | On Loan: No      |
| JACOBS ENTERTAINMEN 6.75% | JACOBS ENTERTAINMEN 6.75% | CUSIP: 469815AK0<br>LEI: 5493004U9JIWY3HSUO63 | Long             | DBT              | CORP              | US        |   3980000 | PA      | $3885315.80   | 0.17%             | 2029-02-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| CHART INDS. INC 7.50%     | CHART INDS. INC 7.50%     | CUSIP: 16115QAF7<br>LEI: EM7QGKC1GYOF3LSZSL80 | Long             | DBT              | CORP              | US        |   6150000 | PA      | $6400520.25   | 0.27%             | 2030-01-01      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| UNITI GRP. LP / UN 10.50% | UNITI GRP. LP / UN 10.50% | CUSIP: 91327TAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2550000 | PA      | $2685660.00   | 0.11%             | 2028-02-15      | Fixed         | 10.50%                | Yes           |                  2 | On Loan: No      |
| TALOS PRODUCTION IN 9.00% | TALOS PRODUCTION IN 9.00% | CUSIP: 87485LAD6<br>LEI: 549300GZ2DZZE2Y8TX15 | Long             | DBT              | CORP              | US        |   1300000 | PA      | $1344236.40   | 0.06%             | 2029-02-01      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| OCEANEERING INTL. I 6.00% | OCEANEERING INTL. I 6.00% | CUSIP: 675232AD4<br>LEI: 549300L6PH74701W0R30 | Long             | DBT              | CORP              | US        |   1612000 | PA      | $1631937.22   | 0.07%             | 2028-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| EQUIPMENTSHARE.COM 8.625% | EQUIPMENTSHARE.COM 8.625% | CUSIP: 29450YAB5<br>LEI: 254900PWJK48CGPKPI80 | Long             | DBT              | CORP              | US        |   2965000 | PA      | $3201144.46   | 0.14%             | 2032-05-15      | Fixed         | 8.62%                 | Yes           |                  2 | On Loan: No      |
| ZF NORTH AMERICA C 6.875% | ZF NORTH AMERICA C 6.875% | CUSIP: 98877DAG0<br>LEI: 529900JYGMS9CW9IQX78 | Long             | DBT              | CORP              | US        |   4275000 | PA      | $4092914.07   | 0.17%             | 2032-04-23      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| GRAY TELEVISION IN 10.50% | GRAY TELEVISION IN 10.50% | CUSIP: 389375AM8<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |   5146000 | PA      | $5564118.42   | 0.24%             | 2029-07-15      | Fixed         | 10.50%                | Yes           |                  2 | On Loan: No      |
| PENNYMAC FINL. SER 7.125% | PENNYMAC FINL. SER 7.125% | CUSIP: 70932MAE7<br>LEI: 549300W1D516HBDEU871 | Long             | DBT              | CORP              | US        |   4975000 | PA      | $5180278.45   | 0.22%             | 2030-11-15      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| RFNA LP 7.875%            | RFNA LP 7.875%            | CUSIP: 74984AAA0<br>LEI: 2549002A4GSOTYKKHR45 | Long             | DBT              | CORP              | US        |   6995000 | PA      | $7126955.85   | 0.30%             | 2030-02-15      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| QUIKRETE HLDGS. INC 6.75% | QUIKRETE HLDGS. INC 6.75% | CUSIP: 74843PAB6<br>LEI: 5493007KIN86DIZWZT22 | Long             | DBT              | CORP              | US        |   8150000 | PA      | $8473503.74   | 0.36%             | 2033-03-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| STAR LEASING CO LL 7.625% | STAR LEASING CO LL 7.625% | CUSIP: 854938AA5<br>LEI: 549300WXKNX4PT3HSN71 | Long             | DBT              | CORP              | US        |   5845000 | PA      | $5679771.79   | 0.24%             | 2030-02-15      | Fixed         | 7.62%                 | Yes           |                  2 | On Loan: No      |
| ALBION FINC. 1 SARL 7.00% | ALBION FINC. 1 SARL 7.00% | CUSIP: 01330AAA4<br>LEI: 259400W9CABUZBRDLP97 | Long             | DBT              | CORP              | LU        |   2940000 | PA      | $3040842.00   | 0.13%             | 2030-05-21      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| GLOBAL PARTNERS LP 7.125% | GLOBAL PARTNERS LP 7.125% | CUSIP: 37954FAL8<br>LEI: 549300PCHWTW9P4DU444 | Long             | DBT              | CORP              | US        |   2005000 | PA      | $2055090.92   | 0.09%             | 2033-07-01      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| NEW HOME CO INC/THE 8.50% | NEW HOME CO INC/THE 8.50% | CUSIP: 645370AG2<br>LEI: 549300PLCE8TB3TVRQ85 | Long             | DBT              | CORP              | US        |   5325000 | PA      | $5527674.83   | 0.24%             | 2030-11-01      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| TIDEWATER INC 9.125%      | TIDEWATER INC 9.125%      | CUSIP: 88642RAE9<br>LEI: 2549000JA5GRUPLMUH98 | Long             | DBT              | CORP              | US        |   2070000 | PA      | $2219970.92   | 0.09%             | 2030-07-15      | Fixed         | 9.12%                 | Yes           |                  2 | On Loan: No      |
| UWM HLDGS. LLC 6.25%      | UWM HLDGS. LLC 6.25%      | CUSIP: 903522AB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3100000 | PA      | $3085235.85   | 0.13%             | 2031-03-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| NISSAN MOTOR ACCEP 5.625% | NISSAN MOTOR ACCEP 5.625% | CUSIP: 65480CAK1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1825000 | PA      | $1826175.92   | 0.08%             | 2028-09-29      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| RIVERS ENT. LENDER 6.25%  | RIVERS ENT. LENDER 6.25%  | CUSIP: 76884GAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1435000 | PA      | $1447795.11   | 0.06%             | 2030-10-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| DISH DBS CORP 7.75%       | DISH DBS CORP 7.75%       | CUSIP: 25470XAY1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   9155000 | PA      | $9067582.38   | 0.39%             | 2026-07-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA RES. CO 7.125% | CALIFORNIA RES. CO 7.125% | CUSIP: 13057QAH0<br>LEI: 5493003Q8F0T4F4YMR48 | Long             | DBT              | CORP              | US        |    854000 | PA      | $853443.02    | 0.04%             | 2026-02-01      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| MEG ENERGY CORP 5.875%    | MEG ENERGY CORP 5.875%    | CUSIP: 552704AF5<br>LEI: 5493002WXPTG5ZC1T326 | Long             | DBT              | CORP              | CA        |   4280000 | PA      | $4279761.60   | 0.18%             | 2029-02-01      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| BURFORD CAP. GBL. 6.875%  | BURFORD CAP. GBL. 6.875%  | CUSIP: 12116LAC3<br>LEI: 549300JVAOO67CSCH406 | Long             | DBT              | CORP              | US        |   7929000 | PA      | $7970694.33   | 0.34%             | 2030-04-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| CENTRAL PARENT / CD 7.25% | CENTRAL PARENT / CD 7.25% | CUSIP: 15477CAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   7605000 | PA      | $6548323.28   | 0.28%             | 2029-06-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| KB HOME 7.25%             | KB HOME 7.25%             | CUSIP: 48666KBA6<br>LEI: 549300LGUCWQURMWLG09 | Long             | DBT              | CORP              | US        |   4030000 | PA      | $4155703.76   | 0.18%             | 2030-07-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| CHART INDS. INC 9.50%     | CHART INDS. INC 9.50%     | CUSIP: 16115QAG5<br>LEI: EM7QGKC1GYOF3LSZSL80 | Long             | DBT              | CORP              | US        |   2915000 | PA      | $3123005.66   | 0.13%             | 2031-01-01      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: No      |
| HUSKY INJECTION MOL 9.00% | HUSKY INJECTION MOL 9.00% | CUSIP: 44805RAA3<br>LEI: 5493003ZDHRVP2N4C109 | Long             | DBT              | CORP              | CA        |   5895000 | PA      | $6161400.71   | 0.26%             | 2029-02-15      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| ZIGGO BD. CO BV 5.125%    | ZIGGO BD. CO BV 5.125%    | CUSIP: 98953GAD7<br>LEI: 213800JYI4P7V5QDOG59 | Long             | DBT              | CORP              | NL        |   8370000 | PA      | $7586691.04   | 0.32%             | 2030-02-28      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| PERRIGO FIN. UNLIMITE STP | PERRIGO FIN. UNLIMITE STP | CUSIP: 71429MAC9<br>LEI: 549300E86RB6YCTMRM83 | Long             | DBT              | CORP              | IE        |    340000 | PA      | $331827.48    | 0.01%             | 2030-06-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| COMMSCOPE LLC 7.125%      | COMMSCOPE LLC 7.125%      | CUSIP: 203372AV9<br>LEI: 549300Z6K4JXMFE8QY54 | Long             | DBT              | CORP              | US        |   1372000 | PA      | $1377042.10   | 0.06%             | 2028-07-01      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| HEALTHEQUITY INC 4.50%    | HEALTHEQUITY INC 4.50%    | CUSIP: 42226AAA5<br>LEI: 529900LRJU1RAFQHM467 | Long             | DBT              | CORP              | US        |   5910000 | PA      | $5730484.93   | 0.24%             | 2029-10-01      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| ILLUMINATE BUYER LL 9.00% | ILLUMINATE BUYER LL 9.00% | CUSIP: 45232TAA9<br>LEI: 549300K1Y0YC1YC1H809 | Long             | DBT              | CORP              | US        |   3990000 | PA      | $4002608.40   | 0.17%             | 2028-07-01      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| HARVEST MIDSTREAM I 7.50% | HARVEST MIDSTREAM I 7.50% | CUSIP: 417558AA1<br>LEI: 549300DW5M17KJOXCY66 | Long             | DBT              | CORP              | US        |   2800000 | PA      | $2830130.80   | 0.12%             | 2028-09-01      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| TALOS PRODUCTION I 9.375% | TALOS PRODUCTION I 9.375% | CUSIP: 87485LAE4<br>LEI: 549300GZ2DZZE2Y8TX15 | Long             | DBT              | CORP              | US        |   7450000 | PA      | $7759368.70   | 0.33%             | 2031-02-01      | Fixed         | 9.38%                 | Yes           |                  2 | On Loan: No      |
| NGL ENERGY OPERATI 8.375% | NGL ENERGY OPERATI 8.375% | CUSIP: 62922LAD0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  13488000 | PA      | $13820425.25  | 0.59%             | 2032-02-15      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| STANDARD INDS. INC 3.375% | STANDARD INDS. INC 3.375% | CUSIP: 853496AH0<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |   3320000 | PA      | $3006485.86   | 0.13%             | 2031-01-15      | Fixed         | 3.38%                 | Yes           |                  2 | On Loan: No      |
| VIASAT INC 6.50%          | VIASAT INC 6.50%          | CUSIP: 92552VAN0<br>LEI: UFC8NYMNFSYIHNSM2I38 | Long             | DBT              | CORP              | US        |   1621000 | PA      | $1584358.59   | 0.07%             | 2028-07-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| KEN GARFF AUTOMOTI 4.875% | KEN GARFF AUTOMOTI 4.875% | CUSIP: 48850PAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5235000 | PA      | $5125573.84   | 0.22%             | 2028-09-15      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| MINERVA LUXEMBOURG 4.375% | MINERVA LUXEMBOURG 4.375% | CUSIP: 603374AF6<br>LEI: 222100NM3G3RCPGZ2Z17 | Long             | DBT              | CORP              | LU        |   3720000 | PA      | $3400418.89   | 0.15%             | 2031-03-18      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| AMERICAN AIRLINES I 5.50% | AMERICAN AIRLINES I 5.50% | CUSIP: 00253XAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |   1818750 | PA      | $1819551.79   | 0.08%             | 2026-04-20      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| IIP OPERATING P/SHI 5.50% | IIP OPERATING P/SHI 5.50% | CUSIP: 44988FAD2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5215000 | PA      | $5184772.71   | 0.22%             | 2026-05-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MEDLINE BORROWER LP 5.25% | MEDLINE BORROWER LP 5.25% | CUSIP: 62482BAB8<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |   6860000 | PA      | $6800682.95   | 0.29%             | 2029-10-01      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| MAGNERA CORP 4.75%        | MAGNERA CORP 4.75%        | CUSIP: 377320AA4<br>LEI: 549300LDQLQBT38QDY28 | Long             | DBT              | CORP              | US        |  10617000 | PA      | $9399261.95   | 0.40%             | 2029-11-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| UKG INC 6.875%            | UKG INC 6.875%            | CUSIP: 90279XAA0<br>LEI: 529900FKHWSTQ1GXK240 | Long             | DBT              | CORP              | US        |   3320000 | PA      | $3425692.20   | 0.15%             | 2031-02-01      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| JEFFERSON CAP. HLDG 9.50% | JEFFERSON CAP. HLDG 9.50% | CUSIP: 472481AB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3115000 | PA      | $3280777.19   | 0.14%             | 2029-02-15      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: No      |
| LABL INC 5.875%           | LABL INC 5.875%           | CUSIP: 50168QAC9<br>LEI: 5493004FUZN8R6Y3VB98 | Long             | DBT              | CORP              | US        |   3400000 | PA      | $2634337.68   | 0.11%             | 2028-11-01      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| ARMOR HOLDCO INC 8.50%    | ARMOR HOLDCO INC 8.50%    | CUSIP: 04625PAA9<br>LEI: 254900X6HLK0YPTHHF09 | Long             | DBT              | CORP              | US        |   4145000 | PA      | $4114870.00   | 0.18%             | 2029-11-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| ILIAD HLDG. SASU 8.50%    | ILIAD HLDG. SASU 8.50%    | CUSIP: 449691AF1<br>LEI: 9695009PXA7OI9NXN582 | Long             | DBT              | CORP              | FR        |   1675000 | PA      | $1796425.78   | 0.08%             | 2031-04-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| ONEMAIN FIN. CORP 7.50%   | ONEMAIN FIN. CORP 7.50%   | CUSIP: 682691AF7<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |   5955000 | PA      | $6225129.58   | 0.27%             | 2031-05-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS. LLC / CC 4.25% | CCO HLDGS. LLC / CC 4.25% | CUSIP: 1248EPCK7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   9935000 | PA      | $9152432.97   | 0.39%             | 2031-02-01      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| VMED O2 UK FINC. I 4.25%  | VMED O2 UK FINC. I 4.25%  | CUSIP: 92858RAA8<br>LEI: 213800MRR46ECNGZ7L69 | Long             | DBT              | CORP              | GB        |   5250000 | PA      | $4867619.61   | 0.21%             | 2031-01-31      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| BATH & BODY WORKS 6.625%  | BATH & BODY WORKS 6.625%  | CUSIP: 501797AW4<br>LEI: GR3KVMWVCR54YWQNXU90 | Long             | DBT              | CORP              | US        |   4230000 | PA      | $4324316.31   | 0.18%             | 2030-10-01      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| 1011778 BC ULC / NE 4.00% | 1011778 BC ULC / NE 4.00% | CUSIP: 68245XAM1<br>LEI: 549300RHSHNRWI5LLA86 | Long             | DBT              | CORP              | CA        |   4410000 | PA      | $4156087.19   | 0.18%             | 2030-10-15      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| M/I HOMES INC 3.95%       | M/I HOMES INC 3.95%       | CUSIP: 55305BAV3<br>LEI: 5299005M71FH9CCSFB69 | Long             | DBT              | CORP              | US        |   5135000 | PA      | $4904139.64   | 0.21%             | 2030-02-15      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK AG F2V      | DEUTSCHE BANK AG F2V      | CUSIP: 251525AX9<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |   3200000 | PA      | $3202166.40   | 0.14%             | 2049-12-31      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ALLEN MEDIA LLC / 10.50%  | ALLEN MEDIA LLC / 10.50%  | CUSIP: 01771YAA8<br>LEI: 549300ERNJNM4RN5JP79 | Long             | DBT              | CORP              | US        |  12035000 | PA      | $5355575.00   | 0.23%             | 2028-02-15      | Fixed         | 10.50%                | Yes           |                  2 | On Loan: No      |
| ALTICE FRANCE HLDG 10.50% | ALTICE FRANCE HLDG 10.50% | CUSIP: 02156TAB0<br>LEI: 5299000JVHXKJPOE6H40 | Long             | DBT              | CORP              | LU        |  10410000 | PA      | $3697399.44   | 0.16%             | 2027-05-15      | Fixed         | 10.50%                | Yes           |                  2 | On Loan: No      |
| FORD MOTOR CO 9.625%      | FORD MOTOR CO 9.625%      | CUSIP: 345370CX6<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | DBT              | CORP              | US        |   2030000 | PA      | $2365246.28   | 0.10%             | 2030-04-22      | Fixed         | 9.62%                 | No            |                  2 | On Loan: No      |
| ANAGRAM INTL. / ANAGR PIK | ANAGRAM INTL. / ANAGR PIK | CUSIP: 03254TAC7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2819402 | PA      | $40599.39     | 0.00%             | 2026-08-15      | Fixed         | 10.00%                | Yes           |                  3 | On Loan: No      |
| LSB INDUSTRIES INC 6.25%  | LSB INDUSTRIES INC 6.25%  | CUSIP: 502160AN4<br>LEI: 5493001H215A0HG0MI71 | Long             | DBT              | CORP              | US        |   7720000 | PA      | $7615565.38   | 0.33%             | 2028-10-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| CSC HLDGS. LLC 4.625%     | CSC HLDGS. LLC 4.625%     | CUSIP: 126307BD8<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |   3735000 | PA      | $1310412.05   | 0.06%             | 2030-12-01      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| TK ELEVATOR US NEWC 5.25% | TK ELEVATOR US NEWC 5.25% | CUSIP: 92537RAA7<br>LEI: 549300C2AFWPAYWS5574 | Long             | DBT              | CORP              | US        |   2940000 | PA      | $2929605.04   | 0.13%             | 2027-07-15      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| CALPINE CORP 5.00%        | CALPINE CORP 5.00%        | CUSIP: 131347CQ7<br>LEI: 43R4VPJBXTU2O15HEF41 | Long             | DBT              | CORP              | US        |   3195000 | PA      | $3185661.97   | 0.14%             | 2031-02-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| AMERICAN AIRLINES I 5.75% | AMERICAN AIRLINES I 5.75% | CUSIP: 00253XAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |  13230000 | PA      | $13280609.65  | 0.57%             | 2029-04-20      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| NESCO HLDGS. II INC 5.50% | NESCO HLDGS. II INC 5.50% | CUSIP: 64083YAA9<br>LEI: 254900FAHT0HW9T6L409 | Long             | DBT              | CORP              | US        |   3365000 | PA      | $3295462.28   | 0.14%             | 2029-04-15      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| GLOBAL NET LEASE IN 4.50% | GLOBAL NET LEASE IN 4.50% | CUSIP: 02608AAA7<br>LEI: 549300NUYANCT5SU8Z65 | Long             | DBT              | CORP              | US        |   5480000 | PA      | $5360729.44   | 0.23%             | 2028-09-30      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| MEDLINE BORROWER L 3.875% | MEDLINE BORROWER L 3.875% | CUSIP: 62482BAA0<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |   5352000 | PA      | $5161704.18   | 0.22%             | 2029-04-01      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| AMERICAN AXLE & MF 6.875% | AMERICAN AXLE & MF 6.875% | CUSIP: 02406PBA7<br>LEI: RY5TAKFOBLDUGX31MS24 | Long             | DBT              | CORP              | US        |   6625000 | PA      | $6623449.09   | 0.28%             | 2028-07-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| LEVEL 3 FINC. INC 4.25%   | LEVEL 3 FINC. INC 4.25%   | CUSIP: 527298BR3<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |   9811000 | PA      | $9173105.46   | 0.39%             | 2028-07-01      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| PATTERN ENERGY OPER 4.50% | PATTERN ENERGY OPER 4.50% | CUSIP: 70339PAA7<br>LEI: 254900P898KPCM50SP51 | Long             | DBT              | CORP              | US        |   3720000 | PA      | $3625617.65   | 0.16%             | 2028-08-15      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| THOR INDS. INC 4.00%      | THOR INDS. INC 4.00%      | CUSIP: 885160AA9<br>LEI: 254900XZO1228PDSG060 | Long             | DBT              | CORP              | US        |   6390000 | PA      | $6055370.40   | 0.26%             | 2029-10-15      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| DISH DBS CORP 5.25%       | DISH DBS CORP 5.25%       | CUSIP: 25470XBE4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   8257000 | PA      | $8113281.14   | 0.35%             | 2026-12-01      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| TITAN INTL. INC 7.00%     | TITAN INTL. INC 7.00%     | CUSIP: 88830MAM4<br>LEI: 254900CXRGBE7C4B5A06 | Long             | DBT              | CORP              | US        |   5145000 | PA      | $5151467.27   | 0.22%             | 2028-04-30      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| ILIAD HLDG. SASU 7.00%    | ILIAD HLDG. SASU 7.00%    | CUSIP: 449691AC8<br>LEI: 9695009PXA7OI9NXN582 | Long             | DBT              | CORP              | FR        |   2950000 | PA      | $2997289.77   | 0.13%             | 2028-10-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| GRAY MEDIA INC 5.375%     | GRAY MEDIA INC 5.375%     | CUSIP: 389286AA3<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |   4446000 | PA      | $3339557.50   | 0.14%             | 2031-11-15      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| STAPLES INC 10.75%        | STAPLES INC 10.75%        | CUSIP: 855030AQ5<br>LEI: XQM2JINI1UL7642TU573 | Long             | DBT              | CORP              | US        |   7510000 | PA      | $7425658.95   | 0.32%             | 2029-09-01      | Fixed         | 10.75%                | Yes           |                  2 | On Loan: No      |
| UNIVISION COMMS. IN 8.50% | UNIVISION COMMS. IN 8.50% | CUSIP: 914906AZ5<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |   7390000 | PA      | $7631224.38   | 0.33%             | 2031-07-31      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| AMSTED INDS. INC 6.375%   | AMSTED INDS. INC 6.375%   | CUSIP: 032177AK3<br>LEI: N2VLGYMEEBIU3PFSUY86 | Long             | DBT              | CORP              | US        |   3580000 | PA      | $3674440.40   | 0.16%             | 2033-03-15      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| TRANSDIGM INC 6.375%      | TRANSDIGM INC 6.375%      | CUSIP: 893647BY2<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |   8800000 | PA      | $8898937.78   | 0.38%             | 2033-05-31      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| CIVITAS RES. INC 9.625%   | CIVITAS RES. INC 9.625%   | CUSIP: 17888HAD5<br>LEI: IIVIHPH28S64K95M2381 | Long             | DBT              | CORP              | US        |   3490000 | PA      | $3686162.85   | 0.16%             | 2033-06-15      | Fixed         | 9.62%                 | Yes           |                  2 | On Loan: No      |
| WARNERMEDIA HLDGS. 4.279% | WARNERMEDIA HLDGS. 4.279% | CUSIP: 55903VBQ5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4195000 | PA      | $3843668.75   | 0.16%             | 2032-03-15      | Fixed         | 4.28%                 | No            |                  2 | On Loan: No      |
| VENTURE GBL. PLAQUE 6.75% | VENTURE GBL. PLAQUE 6.75% | CUSIP: 922966AD8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3865000 | PA      | $4105314.11   | 0.18%             | 2036-01-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| EQT CORP 6.375%           | EQT CORP 6.375%           | CUSIP: 26884LAZ2<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | DBT              | CORP              | US        |   3745000 | PA      | $3883514.37   | 0.17%             | 2029-04-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| COMMSCOPE TECHS. LL 5.00% | COMMSCOPE TECHS. LL 5.00% | CUSIP: 20338HAB9<br>LEI: M4TWC4QDOKW45N7T6Y12 | Long             | DBT              | CORP              | US        |   5646000 | PA      | $5601630.34   | 0.24%             | 2027-03-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| CHS/COMMUNITY HEAL 6.875% | CHS/COMMUNITY HEAL 6.875% | CUSIP: 12543DBJ8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2125000 | PA      | $1689375.00   | 0.07%             | 2029-04-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| POST HLDGS. INC 4.50%     | POST HLDGS. INC 4.50%     | CUSIP: 737446AR5<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |   2111000 | PA      | $1972200.12   | 0.08%             | 2031-09-15      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| VISTAJET MALTA FIN 6.375% | VISTAJET MALTA FIN 6.375% | CUSIP: 92840JAB5<br>LEI: 5299001UK94VGT0CPQ36 | Long             | DBT              | CORP              | MT        |   4125000 | PA      | $4020548.81   | 0.17%             | 2030-02-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| ZF NORTH AMERICA C 7.125% | ZF NORTH AMERICA C 7.125% | CUSIP: 98877DAE5<br>LEI: 529900JYGMS9CW9IQX78 | Long             | DBT              | CORP              | US        |   5525000 | PA      | $5470812.46   | 0.23%             | 2030-04-14      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| BAYTEX ENERGY CORP 8.50%  | BAYTEX ENERGY CORP 8.50%  | CUSIP: 07317QAJ4<br>LEI: 549300R5LTV2H7I1I079 | Long             | DBT              | CORP              | CA        |   3175000 | PA      | $3262515.70   | 0.14%             | 2030-04-30      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| SUNOCO LP 7.00%           | SUNOCO LP 7.00%           | CUSIP: 86765KAB5<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |   4145000 | PA      | $4291757.87   | 0.18%             | 2029-05-01      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| CLOUD SOFTWARE GRP. 8.25% | CLOUD SOFTWARE GRP. 8.25% | CUSIP: 18912UAC6<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |   3990000 | PA      | $4232405.99   | 0.18%             | 2032-06-30      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| TRANSMONTAIGNE PART 8.50% | TRANSMONTAIGNE PART 8.50% | CUSIP: 89377AAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   6855000 | PA      | $7143048.40   | 0.31%             | 2030-06-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| BOMBARDIER INC 6.75%      | BOMBARDIER INC 6.75%      | CUSIP: 097751CD1<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |   2985000 | PA      | $3115021.82   | 0.13%             | 2033-06-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| NEW FLYER HLDGS. IN 9.25% | NEW FLYER HLDGS. IN 9.25% | CUSIP: 64438WAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1810000 | PA      | $1937366.77   | 0.08%             | 2030-07-01      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| HERC HLDGS. INC 7.25%     | HERC HLDGS. INC 7.25%     | CUSIP: 42704LAG9<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |   2915000 | PA      | $3042974.33   | 0.13%             | 2033-06-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| LIGHT & WONDER INTL 6.25% | LIGHT & WONDER INTL 6.25% | CUSIP: 531968AB1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3185000 | PA      | $3190414.50   | 0.14%             | 2033-10-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| K HOVNANIAN ENTS. I 8.00% | K HOVNANIAN ENTS. I 8.00% | CUSIP: 48251UAP3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1040000 | PA      | $1066450.54   | 0.05%             | 2031-04-01      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| ZAYO GRP. HLDG 13.75% PIK | ZAYO GRP. HLDG 13.75% PIK | CUSIP: 98919VAD7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3490825 | PA      | $3307556.69   | 0.14%             | 2030-09-09      | Variable      | 13.75%                | Yes           |                  2 | On Loan: No      |
| VIKING CRUISES LTD 7.00%  | VIKING CRUISES LTD 7.00%  | CUSIP: 92676XAF4<br>LEI: 549300IJP90T4MV2GL84 | Long             | DBT              | CORP              | BM        |   5680000 | PA      | $5708701.04   | 0.24%             | 2029-02-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| ACRISURE LLC / ACRI 4.25% | ACRISURE LLC / ACRI 4.25% | CUSIP: 00489LAF0<br>LEI: 549300R0Z1Q47XRTGO22 | Long             | DBT              | CORP              | US        |   4410000 | PA      | $4248718.80   | 0.18%             | 2029-02-15      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| UNITED STATES STEE 6.875% | UNITED STATES STEE 6.875% | CUSIP: 912909AU2<br>LEI: JNLUVFYJT1OZSIQ24U47 | Long             | DBT              | CORP              | US        |   1019000 | PA      | $1025448.94   | 0.04%             | 2029-03-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| CONSTELLIUM SE 6.375%     | CONSTELLIUM SE 6.375%     | CUSIP: 21039CAD6<br>LEI: 724500KRJEMC79KAAU28 | Long             | DBT              | CORP              | FR        |   8803000 | PA      | $8998417.80   | 0.38%             | 2032-08-15      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| ALLIANT HLDGS. INT 7.375% | ALLIANT HLDGS. INT 7.375% | CUSIP: 01883LAH6<br>LEI: 5493006Q26653NF8SI73 | Long             | DBT              | CORP              | US        |   2765000 | PA      | $2849145.59   | 0.12%             | 2032-10-01      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| CITGO PETROLEUM CO 6.375% | CITGO PETROLEUM CO 6.375% | CUSIP: 17302XAM8<br>LEI: YX52P86PXMLYDOTUQ225 | Long             | DBT              | CORP              | US        |   8289000 | PA      | $8288531.67   | 0.35%             | 2026-06-15      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| SUNOCO LP / SUNOCO 4.50%  | SUNOCO LP / SUNOCO 4.50%  | CUSIP: 86765LAZ0<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |   3670000 | PA      | $3533648.86   | 0.15%             | 2030-04-30      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| OLYMPUS WATER US H 7.125% | OLYMPUS WATER US H 7.125% | CUSIP: 16308NAA2<br>LEI: 549300YU2GGVCBN3MY89 | Long             | DBT              | CORP              | US        |   3265000 | PA      | $3322945.33   | 0.14%             | 2027-10-01      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| TASEKO MINES LTD 8.25%    | TASEKO MINES LTD 8.25%    | CUSIP: 876511AG1<br>LEI: 549300XKUO1JSLU7KX54 | Long             | DBT              | CORP              | CA        |   6451000 | PA      | $6832537.69   | 0.29%             | 2030-05-01      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| NATWEST GRP. PLC F2V      | NATWEST GRP. PLC F2V      | CUSIP: 639057AQ1<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |   4490000 | PA      | $5054639.95   | 0.22%             | 2049-12-31      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| ENCORE CAP. GRP. IN 8.50% | ENCORE CAP. GRP. IN 8.50% | CUSIP: 292554AR3<br>LEI: 5493000UVC6H49CIH830 | Long             | DBT              | CORP              | US        |   6310000 | PA      | $6700879.26   | 0.29%             | 2030-05-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| FREEDOM MTGE. HLDG 8.375% | FREEDOM MTGE. HLDG 8.375% | CUSIP: 35641AAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2450000 | PA      | $2567967.50   | 0.11%             | 2032-04-01      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| QUIKRETE HLDGS. IN 6.375% | QUIKRETE HLDGS. IN 6.375% | CUSIP: 74843PAA8<br>LEI: 5493007KIN86DIZWZT22 | Long             | DBT              | CORP              | US        |   5976000 | PA      | $6190203.74   | 0.26%             | 2032-03-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| DELUXE CORP 8.125%        | DELUXE CORP 8.125%        | CUSIP: 248019AW1<br>LEI: KWGNKB8TX9LE5TV29231 | Long             | DBT              | CORP              | US        |   1240000 | PA      | $1294827.84   | 0.06%             | 2029-09-15      | Fixed         | 8.12%                 | Yes           |                  2 | On Loan: No      |
| COMMSCOPE LLC 9.50%       | COMMSCOPE LLC 9.50%       | CUSIP: 20338MAA0<br>LEI: 549300Z6K4JXMFE8QY54 | Long             | DBT              | CORP              | US        |   6450000 | PA      | $6676401.45   | 0.29%             | 2031-12-15      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: No      |
| ENOVA INTL. INC 9.125%    | ENOVA INTL. INC 9.125%    | CUSIP: 29357KAK9<br>LEI: 549300O8XOCQSB49UO63 | Long             | DBT              | CORP              | US        |   8180000 | PA      | $8590374.24   | 0.37%             | 2029-08-01      | Fixed         | 9.12%                 | Yes           |                  2 | On Loan: No      |
| ARCOSA INC 6.875%         | ARCOSA INC 6.875%         | CUSIP: 039653AC4<br>LEI: 549300WFHLTCZV7D6V29 | Long             | DBT              | CORP              | US        |   5211000 | PA      | $5442853.02   | 0.23%             | 2032-08-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| CLEVELAND-CLIFFS IN 7.50% | CLEVELAND-CLIFFS IN 7.50% | CUSIP: 185899AS0<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |   3701000 | PA      | $3814754.05   | 0.16%             | 2031-09-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| STONEPEAK NILE PARE 7.25% | STONEPEAK NILE PARE 7.25% | CUSIP: 861932AA9<br>LEI: 254900TJV3VAFZD0GU41 | Long             | DBT              | CORP              | US        |   9745000 | PA      | $10261796.84  | 0.44%             | 2032-03-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| JEFFERSON CAP. HLDG 8.25% | JEFFERSON CAP. HLDG 8.25% | CUSIP: 472481AC4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1238000 | PA      | $1294731.35   | 0.06%             | 2030-05-15      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| COREWEAVE INC 9.25%       | COREWEAVE INC 9.25%       | CUSIP: 21873SAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5830000 | PA      | $6021189.02   | 0.26%             | 2030-06-01      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| DELEK LOGISTICS PA 7.375% | DELEK LOGISTICS PA 7.375% | CUSIP: 24665FAE2<br>LEI: 549300UVYITDIU51P724 | Long             | DBT              | CORP              | US        |   3460000 | PA      | $3518460.58   | 0.15%             | 2033-06-30      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| GLOBAL MEDICAL RES 7.375% | GLOBAL MEDICAL RES 7.375% | CUSIP: 37960BAD7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1550000 | PA      | $1595430.50   | 0.07%             | 2032-10-01      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| NRG ENERGY INC 6.00%      | NRG ENERGY INC 6.00%      | CUSIP: 629377DD1<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |   3430000 | PA      | $3430492.65   | 0.15%             | 2036-01-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| NRG ENERGY INC 5.75%      | NRG ENERGY INC 5.75%      | CUSIP: 629377DC3<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |   1445000 | PA      | $1443525.13   | 0.06%             | 2034-01-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| LIGHTNING POWER LLC 7.25% | LIGHTNING POWER LLC 7.25% | CUSIP: 53229KAA7<br>LEI: 254900BWCHJ03XRL8K59 | Long             | DBT              | CORP              | US        |   4230000 | PA      | $4478368.68   | 0.19%             | 2032-08-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| CALIFORNIA BUYER / 6.375% | CALIFORNIA BUYER / 6.375% | CUSIP: 13005HAA8<br>LEI: 254900V5SMQ1UP1CLC26 | Long             | DBT              | CORP              | GB        |   3540000 | PA      | $3628255.74   | 0.16%             | 2032-02-15      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| ILIAD HLDG. SASU 7.00%    | ILIAD HLDG. SASU 7.00%    | CUSIP: 449691AG9<br>LEI: 9695009PXA7OI9NXN582 | Long             | DBT              | CORP              | FR        |   2900000 | PA      | $2957431.60   | 0.13%             | 2032-04-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| ECHOSTAR CORP 10.75%      | ECHOSTAR CORP 10.75%      | CUSIP: 278768AC0<br>LEI: 549300EE20907QZ9GT38 | Long             | DBT              | CORP              | US        |  13540000 | PA      | $14896301.80  | 0.64%             | 2029-11-30      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| UNIVISION COMMS. I 9.375% | UNIVISION COMMS. I 9.375% | CUSIP: 914906BA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1660000 | PA      | $1769007.22   | 0.08%             | 2032-08-01      | Fixed         | 9.38%                 | Yes           |                  2 | On Loan: No      |
| AECOM 6.00%               | AECOM 6.00%               | CUSIP: 00766TAE0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4775000 | PA      | $4881912.25   | 0.21%             | 2033-08-01      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| SIMMONS FOODS INC/ 4.625% | SIMMONS FOODS INC/ 4.625% | CUSIP: 82873MAA1<br>LEI: 5493002Z1TVWRIL6NM97 | Long             | DBT              | CORP              | US        |   2672000 | PA      | $2561561.96   | 0.11%             | 2029-03-01      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| DISH NETWORK CORP 11.75%  | DISH NETWORK CORP 11.75%  | CUSIP: 25470MAG4<br>LEI: 529900U350CWHH15G169 | Long             | DBT              | CORP              | US        |   2420000 | PA      | $2560981.94   | 0.11%             | 2027-11-15      | Fixed         | 11.75%                | Yes           |                  2 | On Loan: No      |
| CITIGROUP INC F2V         | CITIGROUP INC F2V         | CUSIP: 17327CBC6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3091671.00   | 0.13%             | 2049-12-31      | Fixed         | 6.87%                 | No            |                  2 | On Loan: No      |
| GOEASY LTD 6.875%         | GOEASY LTD 6.875%         | CUSIP: 380355AM9<br>LEI: 5493009DJVZG2P8YV435 | Long             | DBT              | CORP              | CA        |   1826000 | PA      | $1816850.57   | 0.08%             | 2030-05-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| AMERICAN AIRLINES I 7.25% | AMERICAN AIRLINES I 7.25% | CUSIP: 023771T32<br>LEI: IWUQB36BXD6OWD6X4T14 | Long             | DBT              | CORP              | US        |   1870000 | PA      | $1915730.85   | 0.08%             | 2028-02-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| MAUSER PACKAGING SO 9.25% | MAUSER PACKAGING SO 9.25% | CUSIP: 57763RAC1<br>LEI: 549300DNGHXL0OMHW304 | Long             | DBT              | CORP              | US        |   2897000 | PA      | $2903628.34   | 0.12%             | 2027-04-15      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| ICAHN ENTS. LP / IC 9.00% | ICAHN ENTS. LP / IC 9.00% | CUSIP: 451102CJ4<br>LEI: 549300T0G4GS0SINS786 | Long             | DBT              | CORP              | US        |   3375000 | PA      | $3254234.77   | 0.14%             | 2030-06-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC 5.75%      | NRG ENERGY INC 5.75%      | CUSIP: 629377CY6<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |   4320000 | PA      | $4325168.58   | 0.18%             | 2029-07-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| NOBLE FIN. II LLC 8.00%   | NOBLE FIN. II LLC 8.00%   | CUSIP: 65505PAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3495000 | PA      | $3617531.21   | 0.15%             | 2030-04-15      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| CLARIOS GBL. LP / C 6.75% | CLARIOS GBL. LP / C 6.75% | CUSIP: 18060TAC9<br>LEI: 549300474L1ZLXZY2P98 | Long             | DBT              | CORP              | CA        |   3050000 | PA      | $3117364.34   | 0.13%             | 2028-05-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| CAESARS ENTERTAINME 6.50% | CAESARS ENTERTAINME 6.50% | CUSIP: 12769GAC4<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |   6642000 | PA      | $6774760.30   | 0.29%             | 2032-02-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| HELIOS SOFTWARE HLD 8.75% | HELIOS SOFTWARE HLD 8.75% | CUSIP: 42329HAB4<br>LEI: 2138002XO5EAYFHPPT53 | Long             | DBT              | CORP              | US        |   3835000 | PA      | $3974812.60   | 0.17%             | 2029-05-01      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| LIFEPOINT HEALTH I 10.00% | LIFEPOINT HEALTH I 10.00% | CUSIP: 53219LAX7<br>LEI: 549300G8ZVHRTBBBSZ90 | Long             | DBT              | CORP              | US        |   2725000 | PA      | $2861138.28   | 0.12%             | 2032-06-01      | Fixed         | 10.00%                | Yes           |                  2 | On Loan: No      |
| INSIGHT ENTS. INC 6.625%  | INSIGHT ENTS. INC 6.625%  | CUSIP: 45765UAC7<br>LEI: 529900S8991TYW6YP792 | Long             | DBT              | CORP              | US        |   3745000 | PA      | $3839748.50   | 0.16%             | 2032-05-15      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| BOMBARDIER INC 7.00%      | BOMBARDIER INC 7.00%      | CUSIP: 097751CC3<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |   1871000 | PA      | $1955537.37   | 0.08%             | 2032-06-01      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| 1261229 BC LTD 10.00%     | 1261229 BC LTD 10.00%     | CUSIP: 68288AAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |   8500000 | PA      | $8712942.34   | 0.37%             | 2032-04-15      | Fixed         | 10.00%                | Yes           |                  2 | On Loan: No      |
| GRAY MEDIA INC 9.625%     | GRAY MEDIA INC 9.625%     | CUSIP: 389375AN6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2080000 | PA      | $2125007.04   | 0.09%             | 2032-07-15      | Fixed         | 9.62%                 | Yes           |                  2 | On Loan: No      |
| OSAIC HLDGS. INC 6.75%    | OSAIC HLDGS. INC 6.75%    | CUSIP: 00791GAB3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    465000 | PA      | $480268.74    | 0.02%             | 2032-08-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| PENNYMAC FINL. SER 6.875% | PENNYMAC FINL. SER 6.875% | CUSIP: 70932MAG2<br>LEI: 549300W1D516HBDEU871 | Long             | DBT              | CORP              | US        |   1855000 | PA      | $1922145.45   | 0.08%             | 2032-05-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| AMERIGAS PARTNERS L 9.50% | AMERIGAS PARTNERS L 9.50% | CUSIP: 030981AP9<br>LEI: H36E1IF6YS0OBMHM6168 | Long             | DBT              | CORP              | US        |   4865000 | PA      | $5093063.27   | 0.22%             | 2030-06-01      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: No      |
| OSAIC HLDGS. INC 8.00%    | OSAIC HLDGS. INC 8.00%    | CUSIP: 00791GAC1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1370000 | PA      | $1419863.89   | 0.06%             | 2033-08-01      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| SM ENERGY CO 7.00%        | SM ENERGY CO 7.00%        | CUSIP: 78454LAY6<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | DBT              | CORP              | US        |   3555000 | PA      | $3557740.91   | 0.15%             | 2032-08-01      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| RR DONNELLEY & SONS 9.50% | RR DONNELLEY & SONS 9.50% | CUSIP: 257867BJ9<br>LEI: SU4X0P4WWRGOQDTSV032 | Long             | DBT              | CORP              | US        |   2835000 | PA      | $2905492.28   | 0.12%             | 2029-08-01      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: No      |
| MIDCONTINENT COMMUN 8.00% | MIDCONTINENT COMMUN 8.00% | CUSIP: 59565XAD2<br>LEI: 549300ZI9GDQBS28C408 | Long             | DBT              | CORP              | US        |   2380000 | PA      | $2452121.14   | 0.10%             | 2032-08-15      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| ICAHN ENTS. LP / IC 9.75% | ICAHN ENTS. LP / IC 9.75% | CUSIP: 451102CF2<br>LEI: 549300T0G4GS0SINS786 | Long             | DBT              | CORP              | US        |   4830000 | PA      | $4874677.50   | 0.21%             | 2029-01-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| ARIS MINING CORP 8.00%    | ARIS MINING CORP 8.00%    | CUSIP: 04040YAB5<br>LEI: 5493001GJ5TILX6L1F82 | Long             | DBT              | CORP              | CA        |   4220000 | PA      | $4387449.60   | 0.19%             | 2029-10-31      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| WARNERMEDIA HLDGS. 5.05%  | WARNERMEDIA HLDGS. 5.05%  | CUSIP: 55903VBW2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5240000 | PA      | $4183196.80   | 0.18%             | 2042-03-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| VENTURE GBL. PLAQUE 6.50% | VENTURE GBL. PLAQUE 6.50% | CUSIP: 922966AC0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3575000 | PA      | $3763250.21   | 0.16%             | 2034-01-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| TRONOX INC 9.125%         | TRONOX INC 9.125%         | CUSIP: 897051AD0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1615000 | PA      | $1582253.11   | 0.07%             | 2030-09-30      | Fixed         | 9.12%                 | Yes           |                  2 | On Loan: No      |
| UNITI GRP. LP / UNI 6.50% | UNITI GRP. LP / UNI 6.50% | CUSIP: 91327BAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  10350000 | PA      | $9720048.29   | 0.42%             | 2029-02-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| FULL HOUSE RESORTS 8.25%  | FULL HOUSE RESORTS 8.25%  | CUSIP: 359678AC3<br>LEI: 5493009DKIWW0H901Y82 | Long             | DBT              | CORP              | US        |   8261000 | PA      | $7666652.44   | 0.33%             | 2028-02-15      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| NUFARM AUSTRALIA / 5.00%  | NUFARM AUSTRALIA / 5.00%  | CUSIP: 67052NAB1<br>LEI: 254900Z2JJWSZ7WQM263 | Long             | DBT              | CORP              | AU        |   3750000 | PA      | $3406160.63   | 0.15%             | 2030-01-27      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| RAVEN ACQUISITION 6.875%  | RAVEN ACQUISITION 6.875%  | CUSIP: 75420NAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   8351000 | PA      | $8582055.47   | 0.37%             | 2031-11-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| NATIONSTAR MTGE. HL 6.50% | NATIONSTAR MTGE. HL 6.50% | CUSIP: 63861CAG4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5747000 | PA      | $5895778.34   | 0.25%             | 2029-08-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| MACY S RET. HLDGS. 5.875% | MACY S RET. HLDGS. 5.875% | CUSIP: 55617LAQ5<br>LEI: 549300JMONK27O4SQQ19 | Long             | DBT              | CORP              | US        |   1720000 | PA      | $1718359.64   | 0.07%             | 2030-03-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| UNIVISION COMMS. I 7.375% | UNIVISION COMMS. I 7.375% | CUSIP: 914906AX0<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |   2343000 | PA      | $2354211.26   | 0.10%             | 2030-06-30      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| PRIME HEALTHCARE S 9.375% | PRIME HEALTHCARE S 9.375% | CUSIP: 74165HAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   8600000 | PA      | $8944000.00   | 0.38%             | 2029-09-01      | Fixed         | 9.38%                 | Yes           |                  2 | On Loan: No      |
| IHEARTCOMMUNICATI 10.875% | IHEARTCOMMUNICATI 10.875% | CUSIP: 45174HBL0<br>LEI: 54930076J6KDZL504O62 | Long             | DBT              | CORP              | US        |   2381000 | PA      | $1617904.57   | 0.07%             | 2030-05-01      | Fixed         | 10.88%                | Yes           |                  2 | On Loan: No      |
| HIGHTOWER HLDG. LL 9.125% | HIGHTOWER HLDG. LL 9.125% | CUSIP: 43118DAB6<br>LEI: 254900MKOSB7RTMA9K12 | Long             | DBT              | CORP              | US        |   6530000 | PA      | $6925874.72   | 0.30%             | 2030-01-31      | Fixed         | 9.12%                 | Yes           |                  2 | On Loan: No      |
| DAVITA INC 6.875%         | DAVITA INC 6.875%         | CUSIP: 23918KAW8<br>LEI: M2XHYMU3TZNEZURC6H66 | Long             | DBT              | CORP              | US        |   4150000 | PA      | $4287099.40   | 0.18%             | 2032-09-01      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| ICAHN ENTS. LP / I 10.00% | ICAHN ENTS. LP / I 10.00% | CUSIP: 451102CK1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3175000 | PA      | $3189025.88   | 0.14%             | 2029-11-15      | Fixed         | 10.00%                | Yes           |                  2 | On Loan: No      |
| MACY S RET. HLDGS. 7.375% | MACY S RET. HLDGS. 7.375% | CUSIP: 55617LAS1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1710000 | PA      | $1783058.04   | 0.08%             | 2033-08-01      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| IHEARTCOMMUNICATION 7.75% | IHEARTCOMMUNICATION 7.75% | CUSIP: 45174HBM8<br>LEI: 54930076J6KDZL504O62 | Long             | DBT              | CORP              | US        |   3105900 | PA      | $2570735.42   | 0.11%             | 2030-08-15      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| OT MIDCO LTD 10.00%       | OT MIDCO LTD 10.00%       | CUSIP: 68877AAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4000000 | PA      | $2702419.88   | 0.12%             | 2030-02-15      | Fixed         | 10.00%                | Yes           |                  2 | On Loan: No      |
| FAIR ISAAC CORP 6.00%     | FAIR ISAAC CORP 6.00%     | CUSIP: 303250AG9<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | DBT              | CORP              | US        |   3415000 | PA      | $3457493.43   | 0.15%             | 2033-05-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| MCGRAW-HILL EDUCAT 7.375% | MCGRAW-HILL EDUCAT 7.375% | CUSIP: 58064LAA2<br>LEI: 254900U6YJ9QZ4IQOR26 | Long             | DBT              | CORP              | US        |   3860000 | PA      | $4010343.14   | 0.17%             | 2031-09-01      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| NEWELL BRANDS INC 6.625%  | NEWELL BRANDS INC 6.625%  | CUSIP: 651229BE5<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |   2860000 | PA      | $2822556.79   | 0.12%             | 2032-05-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| BURFORD CAP. GBL. F 7.50% | BURFORD CAP. GBL. F 7.50% | CUSIP: 12116LAG4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    540000 | PA      | $549504.00    | 0.02%             | 2033-07-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| SPIRIT AEROSYSTEMS 9.375% | SPIRIT AEROSYSTEMS 9.375% | CUSIP: 85205TAN0<br>LEI: ZD2NBKV6GCC3UMGBM518 | Long             | DBT              | CORP              | US        |   3163000 | PA      | $3331331.70   | 0.14%             | 2029-11-30      | Fixed         | 9.38%                 | Yes           |                  2 | On Loan: No      |
| CLOUD SOFTWARE GRP. 9.00% | CLOUD SOFTWARE GRP. 9.00% | CUSIP: 18912UAA0<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |   6740000 | PA      | $6990771.14   | 0.30%             | 2029-09-30      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| ALLWYN ENTERTAINME 7.875% | ALLWYN ENTERTAINME 7.875% | CUSIP: 02007VAA8<br>LEI: 315700J7ZTIN8XGCX365 | Long             | DBT              | CORP              | GB        |   3020000 | PA      | $3133543.63   | 0.13%             | 2029-04-30      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| ZEBRA TECHS. CORP 6.50%   | ZEBRA TECHS. CORP 6.50%   | CUSIP: 989207AD7<br>LEI: PO0I32GKZ3HZMMDPZZ08 | Long             | DBT              | CORP              | US        |   7649000 | PA      | $7856104.32   | 0.34%             | 2032-06-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| CI FINL. CORP 7.50%       | CI FINL. CORP 7.50%       | CUSIP: 125491AT7<br>LEI: 549300M9W7JJQSVCEM78 | Long             | DBT              | CORP              | CA        |   6075000 | PA      | $6474587.92   | 0.28%             | 2029-05-30      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| ALVOGEN PHARMA PIK TL     | ALVOGEN PHARMA PIK TL     | CUSIP: LX2600711<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2691724 | PA      | $1776538.06   | 0.08%             | 2029-03-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| DAVITA INC 6.75%          | DAVITA INC 6.75%          | CUSIP: 23918KAY4<br>LEI: M2XHYMU3TZNEZURC6H66 | Long             | DBT              | CORP              | US        |   2960000 | PA      | $3052346.08   | 0.13%             | 2033-07-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| ROCKET COS INC 6.125%     | ROCKET COS INC 6.125%     | CUSIP: 77311WAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4965000 | PA      | $5095678.80   | 0.22%             | 2030-08-01      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| HERC HLDGS. INC 7.00%     | HERC HLDGS. INC 7.00%     | CUSIP: 42704LAF1<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |   4080000 | PA      | $4238002.08   | 0.18%             | 2030-06-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| MILLROSE PROPS. INC 6.25% | MILLROSE PROPS. INC 6.25% | CUSIP: 601137AB8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2145000 | PA      | $2150606.21   | 0.09%             | 2032-09-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| EQT CORP 7.50%            | EQT CORP 7.50%            | CUSIP: 26884LBB4<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | DBT              | CORP              | US        |   3405000 | PA      | $3756141.17   | 0.16%             | 2030-06-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| GRUBHUB HLDGS. INC PIK    | GRUBHUB HLDGS. INC PIK    | CUSIP: 40010PAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1554824 | PA      | $1554186.13   | 0.07%             | 2030-07-31      | Fixed         | 13.00%                | Yes           |                  2 | On Loan: No      |
| ZAYO GRP. HLDGS. INC PIK  | ZAYO GRP. HLDGS. INC PIK  | CUSIP: 98919VAC9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    815599 | PA      | $780936.04    | 0.03%             | 2030-03-09      | Variable      | 9.25%                 | Yes           |                  2 | On Loan: No      |
| CLEAN HARBORS INC 5.75%   | CLEAN HARBORS INC 5.75%   | CUSIP: 184496AR8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1435000 | PA      | $1447535.92   | 0.06%             | 2033-10-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| TEGNA INC 5.00%           | TEGNA INC 5.00%           | CUSIP: 87901JAH8<br>LEI: 549300YC5EDBGX85AO10 | Long             | DBT              | CORP              | US        |   4877000 | PA      | $4851824.00   | 0.21%             | 2029-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VIRTUSA CORP 7.125%       | VIRTUSA CORP 7.125%       | CUSIP: 92837TAA0<br>LEI: C77OMXDER63WLJCSKT03 | Long             | DBT              | CORP              | US        |   2650000 | PA      | $2589050.80   | 0.11%             | 2028-12-15      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| CCO HLDGS. LLC / CC 5.00% | CCO HLDGS. LLC / CC 5.00% | CUSIP: 1248EPBX0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  20652000 | PA      | $20453126.20  | 0.87%             | 2028-02-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| STUDIO CITY FIN. LT 5.00% | STUDIO CITY FIN. LT 5.00% | CUSIP: 86389QAG7<br>LEI: 254900D6R731QAUIG324 | Long             | DBT              | CORP              | VG        |   6510000 | PA      | $6272843.04   | 0.27%             | 2029-01-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| PBF HLDG. CO LLC / 6.00%  | PBF HLDG. CO LLC / 6.00%  | CUSIP: 69318FAJ7<br>LEI: 549300TILVIIV9FLL461 | Long             | DBT              | CORP              | US        |   6448000 | PA      | $6408375.62   | 0.27%             | 2028-02-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| NAVIENT CORP 5.00%        | NAVIENT CORP 5.00%        | CUSIP: 63938CAK4<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |   8745000 | PA      | $8705600.45   | 0.37%             | 2027-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COMSTOCK RES. INC 6.75%   | COMSTOCK RES. INC 6.75%   | CUSIP: 205768AS3<br>LEI: I03QQGEA4SS774AURI46 | Long             | DBT              | CORP              | US        |   3230000 | PA      | $3224724.12   | 0.14%             | 2029-03-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| FERTITTA ENTERTAINM 6.75% | FERTITTA ENTERTAINM 6.75% | CUSIP: 31556TAC3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4060000 | PA      | $3810037.29   | 0.16%             | 2030-01-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| CCO HLDGS. LLC / CC 4.75% | CCO HLDGS. LLC / CC 4.75% | CUSIP: 1248EPCQ4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  14295000 | PA      | $13219469.93  | 0.57%             | 2032-02-01      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| VISTAJET MALTA FIN 7.875% | VISTAJET MALTA FIN 7.875% | CUSIP: 92840JAD1<br>LEI: 5299001UK94VGT0CPQ36 | Long             | DBT              | CORP              | MT        |   3045000 | PA      | $3092480.69   | 0.13%             | 2027-05-01      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| ALLEGIANT TRAVEL CO 7.25% | ALLEGIANT TRAVEL CO 7.25% | CUSIP: 01748XAD4<br>LEI: 549300JM9OZXOHWL2K18 | Long             | DBT              | CORP              | US        |   3985000 | PA      | $4034544.15   | 0.17%             | 2027-08-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| CNX RES. CORP 7.375%      | CNX RES. CORP 7.375%      | CUSIP: 12653CAK4<br>LEI: 549300JK3KH8PWM3B226 | Long             | DBT              | CORP              | US        |   2795000 | PA      | $2881653.39   | 0.12%             | 2031-01-15      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| NEPTUNE BIDCO US IN 9.29% | NEPTUNE BIDCO US IN 9.29% | CUSIP: 640695AA0<br>LEI: 549300VG15T3VCYZ4531 | Long             | DBT              | CORP              | US        |  16597000 | PA      | $16293108.93  | 0.70%             | 2029-04-15      | Fixed         | 9.29%                 | Yes           |                  2 | On Loan: No      |
| MARTIN MIDSTREAM P 11.50% | MARTIN MIDSTREAM P 11.50% | CUSIP: 573334AK5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5385000 | PA      | $5727243.68   | 0.24%             | 2028-02-15      | Fixed         | 11.50%                | Yes           |                  2 | On Loan: No      |
| NABORS INDS. LTD 7.50%    | NABORS INDS. LTD 7.50%    | CUSIP: 629571AB6<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    790000 | PA      | $789430.17    | 0.03%             | 2028-01-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| ACADEMY LTD 6.00%         | ACADEMY LTD 6.00%         | CUSIP: 00401YAA8<br>LEI: 549300BN53IR80C35Z14 | Long             | DBT              | CORP              | US        |   6010000 | PA      | $6006570.09   | 0.26%             | 2027-11-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| CUMULUS MEDIA NEW H 8.00% | CUMULUS MEDIA NEW H 8.00% | CUSIP: 23110AAB2<br>LEI: 5493001D9VBAVY1OKJ46 | Long             | DBT              | CORP              | US        |   5760000 | PA      | $1468684.80   | 0.06%             | 2029-07-01      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| CASTLE US HLDG. CO 10.00% | CASTLE US HLDG. CO 10.00% | CUSIP: 14852LAB9<br>LEI: 254900VXLMLPIE9ID612 | Long             | DBT              | CORP              | US        |   3995000 | PA      | $599250.00    | 0.03%             | 2031-06-30      | Fixed         | 10.00%                | Yes           |                  2 | On Loan: No      |
| CAPITAL ONE FINL. COR F2F | CAPITAL ONE FINL. COR F2F | CUSIP: 14040HDK8<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |   5575000 | PA      | $5583942.30   | 0.24%             | 2049-12-31      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| DOTDASH MEREDITH I 7.625% | DOTDASH MEREDITH I 7.625% | CUSIP: 25849JAA8<br>LEI: 549300R2AA7U9CJUQO13 | Long             | DBT              | CORP              | US        |   5125000 | PA      | $5077337.50   | 0.22%             | 2032-06-15      | Fixed         | 7.62%                 | Yes           |                  2 | On Loan: No      |
| FRONTIER COMMS. HLD 6.75% | FRONTIER COMMS. HLD 6.75% | CUSIP: 35906ABG2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   6695000 | PA      | $6761782.63   | 0.29%             | 2029-05-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| LUMEN TECHS. INC 4.50%    | LUMEN TECHS. INC 4.50%    | CUSIP: 156700BD7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    710000 | PA      | $647508.00    | 0.03%             | 2029-01-15      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| UNITI GRP. LP / UN 8.625% | UNITI GRP. LP / UN 8.625% | CUSIP: 91327TAC5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2740000 | PA      | $2617665.30   | 0.11%             | 2032-06-15      | Fixed         | 8.62%                 | Yes           |                  2 | On Loan: No      |
| WARNERMEDIA HLDGS. 5.141% | WARNERMEDIA HLDGS. 5.141% | CUSIP: 55903VBU6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4855000 | PA      | $3616975.00   | 0.15%             | 2052-03-15      | Fixed         | 5.14%                 | No            |                  2 | On Loan: No      |
| SERVICE PROPS. TRUS 5.50% | SERVICE PROPS. TRUS 5.50% | CUSIP: 81761LAB8<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              | CORP              | US        |   6535000 | PA      | $6414623.86   | 0.27%             | 2027-12-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CALPINE CORP 5.125%       | CALPINE CORP 5.125%       | CUSIP: 131347CN4<br>LEI: 43R4VPJBXTU2O15HEF41 | Long             | DBT              | CORP              | US        |   7022000 | PA      | $7025581.22   | 0.30%             | 2028-03-15      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| ALTICE FINC. SA 5.00%     | ALTICE FINC. SA 5.00%     | CUSIP: 02154CAF0<br>LEI: 549300DIYGW8HVDF7Q17 | Long             | DBT              | CORP              | LU        |   4915000 | PA      | $3821412.50   | 0.16%             | 2028-01-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| LADDER CAP. FIN. HL 4.25% | LADDER CAP. FIN. HL 4.25% | CUSIP: 505742AM8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   9035000 | PA      | $8955205.86   | 0.38%             | 2027-02-01      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| PRIME SEC. SERVS. B 6.25% | PRIME SEC. SERVS. B 6.25% | CUSIP: 74166MAE6<br>LEI: 549300O6QPZVWXV2DC15 | Long             | DBT              | CORP              | US        |   9090000 | PA      | $9082039.89   | 0.39%             | 2028-01-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| NCL CORP LTD 6.25%        | NCL CORP LTD 6.25%        | CUSIP: 62886HBZ3<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |    915000 | PA      | $919735.83    | 0.04%             | 2033-09-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| SUNOCO LP 5.875%          | SUNOCO LP 5.875%          | CUSIP: 86765KAG4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2750000 | PA      | $2726190.14   | 0.12%             | 2034-03-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| CALIFORNIA RES. COR 7.00% | CALIFORNIA RES. COR 7.00% | CUSIP: 13057QAL1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1580000 | PA      | $1569123.60   | 0.07%             | 2034-01-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| VIKING CRUISES LTD 5.87%  | VIKING CRUISES LTD 5.87%  | CUSIP: 92676XAH0<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   2620000 | PA      | $2621838.66   | 0.11%             | 2033-10-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| BLOCK INC 6.00%           | BLOCK INC 6.00%           | CUSIP: 852234AU7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2440000 | PA      | $2498657.60   | 0.11%             | 2033-08-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| CAESARS ENTERTAINME 7.00% | CAESARS ENTERTAINME 7.00% | CUSIP: 12769GAB6<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |   3690000 | PA      | $3795561.34   | 0.16%             | 2030-02-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| SNAP INC 6.875%           | SNAP INC 6.875%           | CUSIP: 83304AAM8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1980000 | PA      | $2004020.21   | 0.09%             | 2034-03-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| CLOUD SOFTWARE GRP 6.625% | CLOUD SOFTWARE GRP 6.625% | CUSIP: 18912UAG7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2105000 | PA      | $2142814.56   | 0.09%             | 2033-08-15      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| ITT HLDGS. LLC 6.50%      | ITT HLDGS. LLC 6.50%      | CUSIP: 45074JAA2<br>LEI: 549300TH2PHOLK31LB42 | Long             | DBT              | CORP              | US        |   7895000 | PA      | $7761847.67   | 0.33%             | 2029-08-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| ADT SEC. CORP/THE 4.125%  | ADT SEC. CORP/THE 4.125%  | CUSIP: 00109LAA1<br>LEI: 5493009JEEDYLVRA0J13 | Long             | DBT              | CORP              | US        |   3285000 | PA      | $3176647.89   | 0.14%             | 2029-08-01      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| BARCLAYS PLC F2V          | BARCLAYS PLC F2V          | CUSIP: 06738ECN3<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |   2135000 | PA      | $2423784.37   | 0.10%             | 2049-12-31      | Fixed         | 9.62%                 | No            |                  2 | On Loan: No      |
| GGAM FIN. LTD 8.00%       | GGAM FIN. LTD 8.00%       | CUSIP: 36170JAC0<br>LEI: 254900X2QXEN0FVXRF65 | Long             | DBT              | CORP              | KY        |   3355000 | PA      | $3433720.68   | 0.15%             | 2027-02-15      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| EG GBL. FIN. PLC 12.00%   | EG GBL. FIN. PLC 12.00%   | CUSIP: 28228PAC5<br>LEI: 549300TL8Q5207VYET27 | Long             | DBT              | CORP              | GB        |   5286000 | PA      | $5805909.82   | 0.25%             | 2028-11-30      | Fixed         | 12.00%                | Yes           |                  2 | On Loan: No      |
| GENESIS ENERGY LP / 8.25% | GENESIS ENERGY LP / 8.25% | CUSIP: 37185LAP7<br>LEI: 549300VJ5D6MDK138782 | Long             | DBT              | CORP              | US        |   5500000 | PA      | $5736038.00   | 0.25%             | 2029-01-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| LGI HOMES INC 8.75%       | LGI HOMES INC 8.75%       | CUSIP: 50187TAH9<br>LEI: 549300W02B4WNV8CV109 | Long             | DBT              | CORP              | US        |   2380000 | PA      | $2498571.60   | 0.11%             | 2028-12-15      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| GFL ENVIRON. INC 6.75%    | GFL ENVIRON. INC 6.75%    | CUSIP: 36168QAQ7<br>LEI: 549300FYK4MBXWIVZU26 | Long             | DBT              | CORP              | CA        |   5695000 | PA      | $5959365.77   | 0.25%             | 2031-01-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| CREDIT ACCEPTANCE C 9.25% | CREDIT ACCEPTANCE C 9.25% | CUSIP: 225310AQ4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3630000 | PA      | $3813790.53   | 0.16%             | 2028-12-15      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| CVR ENERGY INC 8.50%      | CVR ENERGY INC 8.50%      | CUSIP: 12662PAF5<br>LEI: 529900SOYZIXZBTXB558 | Long             | DBT              | CORP              | US        |   2606000 | PA      | $2663483.15   | 0.11%             | 2029-01-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| TALLGRASS ENERGY P 7.375% | TALLGRASS ENERGY P 7.375% | CUSIP: 87470LAL5<br>LEI: 549300IQ3DN0F3VERF65 | Long             | DBT              | CORP              | US        |   6760000 | PA      | $6961738.68   | 0.30%             | 2029-02-15      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| MANITOWOC CO INC/TH 9.25% | MANITOWOC CO INC/TH 9.25% | CUSIP: 563571AN8<br>LEI: 2RTSLGQ89VMY18RHX631 | Long             | DBT              | CORP              | US        |   2895000 | PA      | $3037470.59   | 0.13%             | 2031-10-01      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| BEASLEY MEZZANINE H 9.20% | BEASLEY MEZZANINE H 9.20% | CUSIP: 07403VAB5<br>LEI: 549300VK8LJV1TK18D38 | Long             | DBT              | CORP              | US        |   5830000 | PA      | $2215400.00   | 0.09%             | 2028-08-01      | Fixed         | 9.20%                 | Yes           |                  2 | On Loan: No      |
| JEFFERIES FIN. LLC 6.625% | JEFFERIES FIN. LLC 6.625% | CUSIP: 47232MAG7<br>LEI: 549300SKVB18YSSIDT75 | Long             | DBT              | CORP              | US        |   4278000 | PA      | $4306486.00   | 0.18%             | 2031-10-15      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALT 9.75% | CHS/COMMUNITY HEALT 9.75% | CUSIP: 12543DBQ2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5640000 | PA      | $5778180.00   | 0.25%             | 2034-01-15      | Fixed         | 9.75%                 | Yes           |                  2 | On Loan: No      |
| SAKS GBL. ENTS. LL 11.00% | SAKS GBL. ENTS. LL 11.00% | CUSIP: 79380MAD7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $510000.00    | 0.02%             | 2029-12-15      | Fixed         | 11.00%                | Yes           |                  2 | On Loan: No      |
| SUNOCO LP 5.625%          | SUNOCO LP 5.625%          | CUSIP: 86765KAF6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1655000 | PA      | $1642791.05   | 0.07%             | 2031-03-15      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| KODIAK GAS SERVS. L 6.50% | KODIAK GAS SERVS. L 6.50% | CUSIP: 50012LAD6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2330000 | PA      | $2372349.71   | 0.10%             | 2033-10-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| DREAM FINDERS HOME 6.875% | DREAM FINDERS HOME 6.875% | CUSIP: 26154DAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2510000 | PA      | $2524934.50   | 0.11%             | 2030-09-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| CHS/COMMUNITY HEAL 6.125% | CHS/COMMUNITY HEAL 6.125% | CUSIP: 12543DBL3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4695000 | PA      | $3405444.16   | 0.15%             | 2030-04-01      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| VICTORIA S SECRET 4.625%  | VICTORIA S SECRET 4.625%  | CUSIP: 926400AA0<br>LEI: 5493006T3O70U3UWVF17 | Long             | DBT              | CORP              | US        |   4945000 | PA      | $4720237.88   | 0.20%             | 2029-07-15      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| FIRST STUDENT BIDCO 4.00% | FIRST STUDENT BIDCO 4.00% | CUSIP: 337120AA7<br>LEI: 254900JEIMV6G5O1PB08 | Long             | DBT              | CORP              | US        |   5975000 | PA      | $5682787.85   | 0.24%             | 2029-07-31      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| VENTURE GBL. LNG IN 9.50% | VENTURE GBL. LNG IN 9.50% | CUSIP: 92332YAC5<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |  17963000 | PA      | $19795675.08  | 0.85%             | 2029-02-01      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: No      |
| NABORS INDS. INC 9.125%   | NABORS INDS. INC 9.125%   | CUSIP: 62957HAP0<br>LEI: 549300VFQWRKICUFNU92 | Long             | DBT              | CORP              | US        |   1375000 | PA      | $1430000.00   | 0.06%             | 2030-01-31      | Fixed         | 9.12%                 | Yes           |                  2 | On Loan: No      |
| SMYRNA READY MIX C 8.875% | SMYRNA READY MIX C 8.875% | CUSIP: 83283WAE3<br>LEI: 549300S7RFWHQFOIOY93 | Long             | DBT              | CORP              | US        |   3530000 | PA      | $3727477.87   | 0.16%             | 2031-11-15      | Fixed         | 8.88%                 | Yes           |                  2 | On Loan: No      |
| SOCIETE GENERALE SA F2V   | SOCIETE GENERALE SA F2V   | CUSIP: 83371GAA9<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |   3610000 | PA      | $3998804.22   | 0.17%             | 2049-12-31      | Fixed         | 10.00%                | Yes           |                  2 | On Loan: No      |
| SPIRIT AEROSYSTEMS 9.75%  | SPIRIT AEROSYSTEMS 9.75%  | CUSIP: 85205TAR1<br>LEI: ZD2NBKV6GCC3UMGBM518 | Long             | DBT              | CORP              | US        |   3295000 | PA      | $3623821.23   | 0.15%             | 2030-11-15      | Fixed         | 9.75%                 | Yes           |                  2 | On Loan: No      |
| NCL CORP LTD 6.25%        | NCL CORP LTD 6.25%        | CUSIP: 62886HBP5<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |   4975000 | PA      | $5038232.25   | 0.22%             | 2030-03-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| TRANSDIGM INC 6.00%       | TRANSDIGM INC 6.00%       | CUSIP: 893647BW6<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |   2159000 | PA      | $2182928.20   | 0.09%             | 2033-01-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| SABLE INTL. FIN. L 7.125% | SABLE INTL. FIN. L 7.125% | CUSIP: 785712AK6<br>LEI: 2138009IE9A35LO5JS73 | Long             | DBT              | CORP              | KY        |   1750000 | PA      | $1776929.00   | 0.08%             | 2032-10-15      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| FORTRESS TRANSPORT 5.875% | FORTRESS TRANSPORT 5.875% | CUSIP: 34960PAH4<br>LEI: 529900E7PUVK6BC8PE80 | Long             | DBT              | CORP              | US        |   4363000 | PA      | $4390364.74   | 0.19%             | 2033-04-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| NCL CORP LTD 6.75%        | NCL CORP LTD 6.75%        | CUSIP: 62886HBR1<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |  10110000 | PA      | $10397443.37  | 0.44%             | 2032-02-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| PAGAYA US HLDGS. C 8.875% | PAGAYA US HLDGS. C 8.875% | CUSIP: 69549FAC3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   6320000 | PA      | $5884796.65   | 0.25%             | 2030-08-01      | Fixed         | 8.88%                 | Yes           |                  2 | On Loan: No      |
| QNITY ELECTNCS. INC 5.75% | QNITY ELECTNCS. INC 5.75% | CUSIP: 74743LAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2980000 | PA      | $3002727.80   | 0.13%             | 2032-08-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| WYNN MACAU LTD 6.75%      | WYNN MACAU LTD 6.75%      | CUSIP: 98313RAL0<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |   2860000 | PA      | $2899344.25   | 0.12%             | 2034-02-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| LBM ACQUISITION LLC 9.50% | LBM ACQUISITION LLC 9.50% | CUSIP: 52109SAB5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2210000 | PA      | $2322309.46   | 0.10%             | 2031-06-15      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: No      |
| PETSMART LLC / PET 10.00% | PETSMART LLC / PET 10.00% | CUSIP: 71677KAD0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2230000 | PA      | $2250422.96   | 0.10%             | 2033-09-15      | Fixed         | 10.00%                | Yes           |                  2 | On Loan: No      |
| SAKS GBL. ENTS. LL 11.00% | SAKS GBL. ENTS. LL 11.00% | CUSIP: 79380MAC9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2750000 | PA      | $976250.00    | 0.04%             | 2029-12-15      | Fixed         | 11.00%                | Yes           |                  2 | On Loan: No      |
| ALLY FINL. INC F2V        | ALLY FINL. INC F2V        | CUSIP: 02005NBN9<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |   1515000 | PA      | $1396241.88   | 0.06%             | 2049-12-31      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| MADISON IAQ LLC 5.875%    | MADISON IAQ LLC 5.875%    | CUSIP: 55760LAB3<br>LEI: 549300IXDNBXNHUPBU73 | Long             | DBT              | CORP              | US        |   3070000 | PA      | $3032853.71   | 0.13%             | 2029-06-30      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| VMED O2 UK FINC. I 4.75%  | VMED O2 UK FINC. I 4.75%  | CUSIP: 92858RAB6<br>LEI: 213800MRR46ECNGZ7L69 | Long             | DBT              | CORP              | GB        |   4740000 | PA      | $4461507.46   | 0.19%             | 2031-07-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| TRINITY INDS. INC 7.75%   | TRINITY INDS. INC 7.75%   | CUSIP: 896522AJ8<br>LEI: R1JB4KXN77XFCXOQKV49 | Long             | DBT              | CORP              | US        |   5022000 | PA      | $5194746.76   | 0.22%             | 2028-07-15      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| SEADRILL FIN. LTD 8.375%  | SEADRILL FIN. LTD 8.375%  | CUSIP: 81172QAA2<br>LEI: 213800WMN3OHFUDHD642 | Long             | DBT              | CORP              | BM        |   5855000 | PA      | $6079035.72   | 0.26%             | 2030-08-01      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| QNITY ELECTNCS. INC 6.25% | QNITY ELECTNCS. INC 6.25% | CUSIP: 74743LAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2980000 | PA      | $3043134.28   | 0.13%             | 2033-08-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| TRANSOCEAN INC 8.75%      | TRANSOCEAN INC 8.75%      | CUSIP: 893830BX6<br>LEI: DOL4HJ22ADYSIWES4H94 | Long             | DBT              | CORP              | BM        |   3108750 | PA      | $3270936.66   | 0.14%             | 2030-02-15      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| BOMBARDIER INC 7.50%      | BOMBARDIER INC 7.50%      | CUSIP: 097751BZ3<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |   2915000 | PA      | $3037383.36   | 0.13%             | 2029-02-01      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| TRANSOCEAN TITAN F 8.375% | TRANSOCEAN TITAN F 8.375% | CUSIP: 89386MAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |   1088810 | PA      | $1115596.42   | 0.05%             | 2028-02-01      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| HILCORP ENERGY I L 8.375% | HILCORP ENERGY I L 8.375% | CUSIP: 431318BC7<br>LEI: 549300ITPIHLG0LHEC09 | Long             | DBT              | CORP              | US        |   1540000 | PA      | $1617428.12   | 0.07%             | 2033-11-01      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| FIESTA PURCHASER I 9.625% | FIESTA PURCHASER I 9.625% | CUSIP: 31659AAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5375000 | PA      | $5802807.00   | 0.25%             | 2032-09-15      | Fixed         | 9.62%                 | Yes           |                  2 | On Loan: No      |
| VICTRA HLDGS. LLC / 8.75% | VICTRA HLDGS. LLC / 8.75% | CUSIP: 92648DAA4<br>LEI: 549300KWDYQKQSF0MQ18 | Long             | DBT              | CORP              | US        |   7735000 | PA      | $8109165.16   | 0.35%             | 2029-09-15      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| ALLIANT HLDGS. INTE 6.50% | ALLIANT HLDGS. INTE 6.50% | CUSIP: 01883LAG8<br>LEI: 5493006Q26653NF8SI73 | Long             | DBT              | CORP              | US        |   5900000 | PA      | $6032352.58   | 0.26%             | 2031-10-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| CD&R SMOKEY BUYER / 9.50% | CD&R SMOKEY BUYER / 9.50% | CUSIP: 12515KAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1715000 | PA      | $1341263.77   | 0.06%             | 2029-10-15      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: No      |
| NRG ENERGY INC 6.25%      | NRG ENERGY INC 6.25%      | CUSIP: 629377CX8<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |   6340000 | PA      | $6499076.94   | 0.28%             | 2034-11-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| OLYMPUS WATER US HL 6.75% | OLYMPUS WATER US HL 6.75% | CUSIP: 46150DAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5080000 | PA      | $5004377.49   | 0.21%             | 2032-08-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| LUNA 1.5 SARL PIK         | LUNA 1.5 SARL PIK         | CUSIP: 550356AA7<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |   2600000 | PA      | $2692186.20   | 0.12%             | 2032-07-01      | Fixed         | 12.00%                | Yes           |                  2 | On Loan: No      |
| LEVEL 3 FINC. INC 7.00%   | LEVEL 3 FINC. INC 7.00%   | CUSIP: 527298CN1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3645000 | PA      | $3708091.63   | 0.16%             | 2034-03-31      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| TRAVEL + LEISURE C 6.125% | TRAVEL + LEISURE C 6.125% | CUSIP: 894164AC6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4105000 | PA      | $4092480.49   | 0.17%             | 2033-09-01      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| ING GROEP NV F2V          | ING GROEP NV F2V          | CUSIP: 456837BT9<br>LEI: N/A                  | Long             | DBT              | CORP              | NL        |   2490000 | PA      | $2567378.29   | 0.11%             | 2049-12-31      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| ARETEC GRP. INC 10.00%    | ARETEC GRP. INC 10.00%    | CUSIP: 04020JAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3260000 | PA      | $3551779.78   | 0.15%             | 2030-08-15      | Fixed         | 10.00%                | Yes           |                  2 | On Loan: No      |
| GOEASY LTD 9.25%          | GOEASY LTD 9.25%          | CUSIP: 380355AH0<br>LEI: 5493009DJVZG2P8YV435 | Long             | DBT              | CORP              | CA        |   4175000 | PA      | $4357698.00   | 0.19%             | 2028-12-01      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| INFRABUILD AUSTRAL 14.50% | INFRABUILD AUSTRAL 14.50% | CUSIP: 45682RAC4<br>LEI: 549300W2CPB5W6GFH859 | Long             | DBT              | CORP              | AU        |   3415000 | PA      | $3672228.86   | 0.16%             | 2028-11-15      | Fixed         | 14.50%                | Yes           |                  2 | On Loan: No      |
| AMERICAN AIRLINES I 8.50% | AMERICAN AIRLINES I 8.50% | CUSIP: 023771T40<br>LEI: IWUQB36BXD6OWD6X4T14 | Long             | DBT              | CORP              | US        |   2572000 | PA      | $2682989.52   | 0.11%             | 2029-05-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| ENERSYS 6.625%            | ENERSYS 6.625%            | CUSIP: 29275YAF9<br>LEI: 7ZS3DE5PN30BYUJFWP05 | Long             | DBT              | CORP              | US        |   4205000 | PA      | $4327268.79   | 0.19%             | 2032-01-15      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| AVIENT CORP 6.25%         | AVIENT CORP 6.25%         | CUSIP: 05368VAB2<br>LEI: SM8L9RZYIB34LNTWO040 | Long             | DBT              | CORP              | US        |   8620000 | PA      | $8753812.14   | 0.37%             | 2031-11-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| COREWEAVE INC 9.00%       | COREWEAVE INC 9.00%       | CUSIP: 21873SAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2535000 | PA      | $2598068.27   | 0.11%             | 2031-02-01      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| CLEAR CHANNEL OUTD 7.125% | CLEAR CHANNEL OUTD 7.125% | CUSIP: 18453HAG1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2310000 | PA      | $2387736.12   | 0.10%             | 2031-02-15      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| MILLROSE PROPS. IN 6.375% | MILLROSE PROPS. IN 6.375% | CUSIP: 601137AA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2755000 | PA      | $2801807.45   | 0.12%             | 2030-08-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| PETSMART LLC / PETS 7.50% | PETSMART LLC / PETS 7.50% | CUSIP: 71677KAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1890000 | PA      | $1892809.07   | 0.08%             | 2032-09-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| PENNYMAC FINL. SERV 6.75% | PENNYMAC FINL. SERV 6.75% | CUSIP: 70932MAH0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3035000 | PA      | $3095961.01   | 0.13%             | 2034-02-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| VOYAGER AVIATION HL 8.50% | VOYAGER AVIATION HL 8.50% | CUSIP: 92918XAA3<br>LEI: 549300KHOKL1CX4NIJ92 | Long             | DBT              | CORP              | US        |   2551776 | PA      | $0.00         | 0.00%             | 2026-05-09      | Fixed         | 8.50%                 | Yes           |                  3 | On Loan: No      |
| PENN ENTERTAINMENT 4.125% | PENN ENTERTAINMENT 4.125% | CUSIP: 707569AV1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4805000 | PA      | $4503806.26   | 0.19%             | 2029-07-01      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| JB POINDEXTER INC 8.75%   | JB POINDEXTER INC 8.75%   | CUSIP: 465965AC5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1600000 | PA      | $1675764.80   | 0.07%             | 2031-12-15      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| PERRIGO FIN. UNLIM 6.125% | PERRIGO FIN. UNLIM 6.125% | CUSIP: 71429MAD7<br>LEI: 549300E86RB6YCTMRM83 | Long             | DBT              | CORP              | IE        |   3010000 | PA      | $3030182.02   | 0.13%             | 2032-09-30      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| CONNECT FINCO SARL 9.00%  | CONNECT FINCO SARL 9.00%  | CUSIP: 20752TAB0<br>LEI: 2594001KNYIQ456J2792 | Long             | DBT              | CORP              | LU        |   4882000 | PA      | $5132958.33   | 0.22%             | 2029-09-15      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| MURPHY OIL CORP 6.00%     | MURPHY OIL CORP 6.00%     | CUSIP: 626717AP7<br>LEI: QBKYQD0ODE7DC7PDIN91 | Long             | DBT              | CORP              | US        |   3585000 | PA      | $3537037.25   | 0.15%             | 2032-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| PATRICK INDS. INC 6.375%  | PATRICK INDS. INC 6.375%  | CUSIP: 703343AH6<br>LEI: 549300FZ5ZTCCJ3Z5W14 | Long             | DBT              | CORP              | US        |   6760001 | PA      | $6858751.09   | 0.29%             | 2032-11-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| ADVANCE AUTO PARTS 7.375% | ADVANCE AUTO PARTS 7.375% | CUSIP: 00751YAL0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3505000 | PA      | $3614531.25   | 0.15%             | 2033-08-01      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| TRANSDIGM INC 6.75%       | TRANSDIGM INC 6.75%       | CUSIP: 893647CA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1865000 | PA      | $1928333.59   | 0.08%             | 2034-01-31      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| CENTURY COMMUNITIE 6.625% | CENTURY COMMUNITIE 6.625% | CUSIP: 156504AN2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1390000 | PA      | $1402175.32   | 0.06%             | 2033-09-15      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| CREDIT AGRICOLE SA F2V    | CREDIT AGRICOLE SA F2V    | CUSIP: 225313AT2<br>LEI: N/A                  | Long             | DBT              | CORP              | FR        |   2490000 | PA      | $2542780.53   | 0.11%             | 2049-12-31      | Fixed         | 7.13%                 | Yes           |                  2 | On Loan: No      |
| PARK INTERMEDIATE 4.875%  | PARK INTERMEDIATE 4.875%  | CUSIP: 70052LAC7<br>LEI: 549300HJUVLG7EAGZV92 | Long             | DBT              | CORP              | US        |   2765000 | PA      | $2695865.60   | 0.12%             | 2029-05-15      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| SUNOCO LP / SUNOCO 4.50%  | SUNOCO LP / SUNOCO 4.50%  | CUSIP: 86765LAT4<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |   2733000 | PA      | $2666157.68   | 0.11%             | 2029-05-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| VITAL ENERGY INC 7.75%    | VITAL ENERGY INC 7.75%    | CUSIP: 516806AH9<br>LEI: 549300X0PTWU2QSLSL14 | Long             | DBT              | CORP              | US        |   8372000 | PA      | $8290875.32   | 0.35%             | 2029-07-31      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| TRANSDIGM INC 7.125%      | TRANSDIGM INC 7.125%      | CUSIP: 893647BT3<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |   1105000 | PA      | $1152614.12   | 0.05%             | 2031-12-01      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| CHS/COMMUNITY HEA 10.875% | CHS/COMMUNITY HEA 10.875% | CUSIP: 12543DBN9<br>LEI: 549300BQWM4WENQ3YW73 | Long             | DBT              | CORP              | US        |  11055000 | PA      | $11708317.34  | 0.50%             | 2032-01-15      | Fixed         | 10.88%                | Yes           |                  2 | On Loan: No      |
| AETHON UTD. BR LP / 7.50% | AETHON UTD. BR LP / 7.50% | CUSIP: 00810GAD6<br>LEI: 5493007HPG2M9K9X5V41 | Long             | DBT              | CORP              | US        |   4135000 | PA      | $4312374.96   | 0.18%             | 2029-10-01      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| WINDSTREAM SERVS. L 8.25% | WINDSTREAM SERVS. L 8.25% | CUSIP: 97381AAA0<br>LEI: 549300KT9GVEBYCD2N29 | Long             | DBT              | CORP              | US        |  10086000 | PA      | $10447849.27  | 0.45%             | 2031-10-01      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| PARK-OHIO INDS. INC 8.50% | PARK-OHIO INDS. INC 8.50% | CUSIP: 700677AS6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3109890.00   | 0.13%             | 2030-08-01      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| BANK OF AMERICA CORP F2V  | BANK OF AMERICA CORP F2V  | CUSIP: 06055HAK9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2990000 | PA      | $3028201.88   | 0.13%             | 2049-12-31      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| ADVANCE AUTO PARTS 7.00%  | ADVANCE AUTO PARTS 7.00%  | CUSIP: 00751YAK2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2265000 | PA      | $2330351.57   | 0.10%             | 2030-08-01      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| HOWARD MIDSTREAM E 6.625% | HOWARD MIDSTREAM E 6.625% | CUSIP: 442722AD6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2040000 | PA      | $2079933.78   | 0.09%             | 2034-01-15      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| NORDEA BANK ABP F2V       | NORDEA BANK ABP F2V       | CUSIP: 65558RAQ2<br>LEI: N/A                  | Long             | DBT              | CORP              | FI        |   2280000 | PA      | $2313046.32   | 0.10%             | 2049-12-31      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| SUNOCO LP F2V             | SUNOCO LP F2V             | CUSIP: 86765KAE9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3090000 | PA      | $3138543.90   | 0.13%             | 2049-12-31      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| KODIAK GAS SERVS. L 6.75% | KODIAK GAS SERVS. L 6.75% | CUSIP: 50012LAE4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1720000 | PA      | $1766020.80   | 0.08%             | 2035-10-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| DELEK LOGISTICS PA 7.125% | DELEK LOGISTICS PA 7.125% | CUSIP: 24665FAC6<br>LEI: 549300UVYITDIU51P724 | Long             | DBT              | CORP              | US        |   2310000 | PA      | $2317477.47   | 0.10%             | 2028-06-01      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| CLEAR CHANNEL OUTDO 7.50% | CLEAR CHANNEL OUTDO 7.50% | CUSIP: 18453HAD8<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |   5471000 | PA      | $5313508.51   | 0.23%             | 2029-06-01      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| BAUSCH HEALTH COS 4.875%  | BAUSCH HEALTH COS 4.875%  | CUSIP: 071734AN7<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | DBT              | CORP              | CA        |   4205000 | PA      | $3763475.00   | 0.16%             | 2028-06-01      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| MADISON IAQ LLC 4.125%    | MADISON IAQ LLC 4.125%    | CUSIP: 55760LAA5<br>LEI: 549300IXDNBXNHUPBU73 | Long             | DBT              | CORP              | US        |   4540000 | PA      | $4430860.67   | 0.19%             | 2028-06-30      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| CIVITAS RES. INC 8.75%    | CIVITAS RES. INC 8.75%    | CUSIP: 17888HAB9<br>LEI: IIVIHPH28S64K95M2381 | Long             | DBT              | CORP              | US        |   3780000 | PA      | $3872651.69   | 0.17%             | 2031-07-01      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| EQUIPMENTSHARE.COM 8.00%  | EQUIPMENTSHARE.COM 8.00%  | CUSIP: 29450YAC3<br>LEI: 254900PWJK48CGPKPI80 | Long             | DBT              | CORP              | US        |   7230000 | PA      | $7727004.66   | 0.33%             | 2033-03-15      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| CERDIA FINANZ GMBH 9.375% | CERDIA FINANZ GMBH 9.375% | CUSIP: 15679GAC6<br>LEI: 391200KURNDJSX9GX570 | Long             | DBT              | CORP              | DE        |   7770000 | PA      | $8226487.50   | 0.35%             | 2031-10-03      | Fixed         | 9.38%                 | Yes           |                  2 | On Loan: No      |
| IHO VERWALTUNGS GMBH PIK  | IHO VERWALTUNGS GMBH PIK  | CUSIP: 44963BAF5<br>LEI: 529900JL0HDVGZMUJF32 | Long             | DBT              | CORP              | DE        |   4654000 | PA      | $4869476.34   | 0.21%             | 2030-11-15      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| CLEVELAND-CLIFFS I 7.625% | CLEVELAND-CLIFFS I 7.625% | CUSIP: 18589GAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1425000 | PA      | $1468327.14   | 0.06%             | 2034-01-15      | Fixed         | 7.62%                 | Yes           |                  2 | On Loan: No      |
| ONEMAIN FIN. CORP 6.50%   | ONEMAIN FIN. CORP 6.50%   | CUSIP: 682691AM2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2470000 | PA      | $2473902.60   | 0.11%             | 2033-03-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| MITSUBISHI UFJ FINL. F2V  | MITSUBISHI UFJ FINL. F2V  | CUSIP: 606822DP6<br>LEI: N/A                  | Long             | DBT              | CORP              | JP        |   1630000 | PA      | $1663987.13   | 0.07%             | 2049-12-31      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS 4.375%  | VISTRA OPERATIONS 4.375%  | CUSIP: 92840VAH5<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |   4455000 | PA      | $4361716.31   | 0.19%             | 2029-05-01      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| LGI HOMES INC 4.00%       | LGI HOMES INC 4.00%       | CUSIP: 50187TAF3<br>LEI: 549300W02B4WNV8CV109 | Long             | DBT              | CORP              | US        |   5260000 | PA      | $4799591.67   | 0.21%             | 2029-07-15      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| BURFORD CAP. GBL. F 9.25% | BURFORD CAP. GBL. F 9.25% | CUSIP: 12116LAE9<br>LEI: 549300JVAOO67CSCH406 | Long             | DBT              | CORP              | US        |   6440000 | PA      | $6842925.04   | 0.29%             | 2031-07-01      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| MATIV HLDGS. INC 8.00%    | MATIV HLDGS. INC 8.00%    | CUSIP: 808541AC0<br>LEI: 549300Z1FU4IDULG1R21 | Long             | DBT              | CORP              | US        |   3875000 | PA      | $3836479.52   | 0.16%             | 2029-10-01      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| NUSTAR LOGISTICS LP 6.00% | NUSTAR LOGISTICS LP 6.00% | CUSIP: 67059TAF2<br>LEI: N62BF2PKP51FIIOIUN20 | Long             | DBT              | CORP              | US        |   4165000 | PA      | $4180135.61   | 0.18%             | 2026-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| VIKING CRUISES LTD 5.875% | VIKING CRUISES LTD 5.875% | CUSIP: 92676XAD9<br>LEI: 549300IJP90T4MV2GL84 | Long             | DBT              | CORP              | BM        |  10075496 | PA      | $10079365.44  | 0.43%             | 2027-09-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| NEXSTAR MEDIA INC 5.625%  | NEXSTAR MEDIA INC 5.625%  | CUSIP: 65343HAA9<br>LEI: 5493006PK6I4I2OOT688 | Long             | DBT              | CORP              | US        |   4005000 | PA      | $3999187.14   | 0.17%             | 2027-07-15      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| BATH & BODY WORKS I 5.25% | BATH & BODY WORKS I 5.25% | CUSIP: 501797AN4<br>LEI: GR3KVMWVCR54YWQNXU90 | Long             | DBT              | CORP              | US        |   1099000 | PA      | $1105315.95   | 0.05%             | 2028-02-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC 5.75%      | NRG ENERGY INC 5.75%      | CUSIP: 629377CE0<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |   7565000 | PA      | $7581276.78   | 0.32%             | 2028-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS 5.625%  | VISTRA OPERATIONS 5.625%  | CUSIP: 92840VAB8<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |   5510000 | PA      | $5513260.32   | 0.24%             | 2027-02-15      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| ASHTON WOODS USA L 6.875% | ASHTON WOODS USA L 6.875% | CUSIP: 045086AR6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1175000 | PA      | $1185077.98   | 0.05%             | 2033-08-01      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| EW SCRIPPS CO/THE 9.875%  | EW SCRIPPS CO/THE 9.875%  | CUSIP: 811054AH8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4950000 | PA      | $4646258.45   | 0.20%             | 2030-08-15      | Fixed         | 9.88%                 | Yes           |                  2 | On Loan: No      |
| MELCO RESORTS FIN. 5.625% | MELCO RESORTS FIN. 5.625% | CUSIP: 58547DAC3<br>LEI: 5493000FQDBWKDBZEF60 | Long             | DBT              | CORP              | KY        |   6680000 | PA      | $6659148.38   | 0.28%             | 2027-07-17      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| IRON MOUNTAIN INC 4.875%  | IRON MOUNTAIN INC 4.875%  | CUSIP: 46284VAF8<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              | CORP              | US        |   8004000 | PA      | $7879521.15   | 0.34%             | 2029-09-15      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| MIDCAP FINL. ISSUER 6.50% | MIDCAP FINL. ISSUER 6.50% | CUSIP: 59567LAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2615000 | PA      | $2597089.87   | 0.11%             | 2028-05-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| STONEMOR INC 8.50%        | STONEMOR INC 8.50%        | CUSIP: 86184WAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   6070000 | PA      | $5932723.31   | 0.25%             | 2029-05-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| DANA INC 4.25%            | DANA INC 4.25%            | CUSIP: 235825AH9<br>LEI: KVWHW7YLZPFJM8QYNJ51 | Long             | DBT              | CORP              | US        |   6855000 | PA      | $6788797.84   | 0.29%             | 2030-09-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| BAUSCH HEALTH AMERI 8.50% | BAUSCH HEALTH AMERI 8.50% | CUSIP: 91911XAW4<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |  11455000 | PA      | $11340450.00  | 0.48%             | 2027-01-31      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| GOEASY LTD 6.875%         | GOEASY LTD 6.875%         | CUSIP: 380355AR8<br>LEI: 5493009DJVZG2P8YV435 | Long             | DBT              | CORP              | CA        |   1195000 | PA      | $1157709.19   | 0.05%             | 2031-02-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| FIRST QUANTUM MINER 7.25% | FIRST QUANTUM MINER 7.25% | CUSIP: 335934AX3<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |   1365000 | PA      | $1411345.85   | 0.06%             | 2034-02-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| MPT OPERATING P/SHI 5.00% | MPT OPERATING P/SHI 5.00% | CUSIP: 55342UAH7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3490000 | PA      | $3380859.67   | 0.14%             | 2027-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OCEANEERING INTL. I 6.00% | OCEANEERING INTL. I 6.00% | CUSIP: 675232AB8<br>LEI: 549300L6PH74701W0R30 | Long             | DBT              | CORP              | US        |   5895000 | PA      | $5967909.36   | 0.26%             | 2028-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC 6.25%       | TRANSDIGM INC 6.25%       | CUSIP: 893647BZ9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1865000 | PA      | $1918001.42   | 0.08%             | 2034-01-31      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| MARRIOTT OWNERSHIP 6.50%  | MARRIOTT OWNERSHIP 6.50%  | CUSIP: 57164PAK2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2665000 | PA      | $2652805.97   | 0.11%             | 2033-10-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| SPIRIT AEROSYSTEMS 4.60%  | SPIRIT AEROSYSTEMS 4.60%  | CUSIP: 85205TAK6<br>LEI: ZD2NBKV6GCC3UMGBM518 | Long             | DBT              | CORP              | US        |   3595000 | PA      | $3590385.10   | 0.15%             | 2028-06-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| VIASAT INC 5.625%         | VIASAT INC 5.625%         | CUSIP: 92552VAL4<br>LEI: UFC8NYMNFSYIHNSM2I38 | Long             | DBT              | CORP              | US        |   6455000 | PA      | $6428996.03   | 0.27%             | 2027-04-15      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| ARDAGH PACKAGING FI 5.25% | ARDAGH PACKAGING FI 5.25% | CUSIP: 03969AAP5<br>LEI: 6354001JXMLKNZDZR978 | Long             | DBT              | CORP              | IE        |   1915000 | PA      | $727700.00    | 0.03%             | 2027-08-15      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| BEAZER HOMES USA I 5.875% | BEAZER HOMES USA I 5.875% | CUSIP: 07556QBR5<br>LEI: 549300DUPYT2T0F60I45 | Long             | DBT              | CORP              | US        |   5810000 | PA      | $5806371.07   | 0.25%             | 2027-10-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| HILCORP ENERGY I LP 6.25% | HILCORP ENERGY I LP 6.25% | CUSIP: 431318AS3<br>LEI: 549300ITPIHLG0LHEC09 | Long             | DBT              | CORP              | US        |   5952000 | PA      | $5966677.63   | 0.26%             | 2028-11-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| TRANSOCEAN POSEIDO 6.875% | TRANSOCEAN POSEIDO 6.875% | CUSIP: 89383JAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |   2799000 | PA      | $2796519.53   | 0.12%             | 2027-02-01      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| CSC HLDGS. LLC 6.50%      | CSC HLDGS. LLC 6.50%      | CUSIP: 126307AZ0<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |  10985000 | PA      | $8118743.93   | 0.35%             | 2029-02-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| CSC HLDGS. LLC 5.75%      | CSC HLDGS. LLC 5.75%      | CUSIP: 126307BA4<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |   7445000 | PA      | $2834907.84   | 0.12%             | 2030-01-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| MAVIS TIRE EXPRESS 6.50%  | MAVIS TIRE EXPRESS 6.50%  | CUSIP: 59155LAA0<br>LEI: 254900NVDM4GTLBL9E56 | Long             | DBT              | CORP              | US        |   7014000 | PA      | $6980565.03   | 0.30%             | 2029-05-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Chicago Board of Trade    | DEC 25 US 2YR DEC 25      | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |       400 | NC      | $83359374.96  | 3.56%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-10-30

**Name of Applicant:** Northern Funds

**Signature:** Randal E. Rein

**Name of Signer:** Randal E. Rein

**Title:** Treasurer and Principal Financial Officer