| A: FLARX | C: FLRCX | Y: FLYRX |
| Principal Amount USD ($) | Value | |||||
| UNAFFILIATED ISSUERS — 102.2% | ||||||
| Senior Secured Floating Rate Loan Interests — 81.2% of Net Assets*(a) | ||||||
| Advanced Materials — 1.1% | ||||||
| 1,451,339 | Gemini HDPE LLC, 2027 Advance, 7.552% (Term SOFR + 300 bps), 12/31/27 | $ 1,456,782 | ||||
| 2,738,105 | Groupe Solmax, Inc., Initial Term Loan, 9.34% (Term SOFR + 475 bps), 5/29/28 | 2,530,009 | ||||
| Total Advanced Materials | $3,986,791 | |||||
| Advertising Sales — 0.2% | ||||||
| 801,452 | Clear Channel Outdoor Holdings, Inc., 2024 Refinancing Term Loan, 8.426% (Term SOFR + 400 bps), 8/21/28 | $ 803,957 | ||||
| Total Advertising Sales | $803,957 | |||||
| Advertising Services — 0.7% | ||||||
| 1,619,587 | Dotdash Meredith, Inc., Term B-1 Loan, 7.837% (Term SOFR + 350 bps), 12/1/28 | $ 1,631,735 | ||||
| 947,589 | Neptune BidCo US Inc., First Lien Dollar Term B Loan, 9.389% (Term SOFR + 500 bps), 4/11/29 | 799,528 | ||||
| Total Advertising Services | $2,431,263 | |||||
| Aerospace & Defense — 0.8% | ||||||
| 457,000(b) | Goat Holdco LLC, Term B Loan, 12/10/31 | $ 458,476 | ||||
| 2,233,010 | Propulsion (BC) Newco LLC, Amendment No. 4 Replacement Term Loan, 7.579% (Term SOFR + 325 bps), 9/14/29 | 2,257,015 | ||||
| Total Aerospace & Defense | $2,715,491 | |||||
| Airlines — 0.6% | ||||||
| 1,009,305 | AAdvantage Loyality IP, Ltd. (American Airlines, Inc.), Initial Term Loan, 9.305% (Term SOFR + 475 bps), 4/20/28 | $ 1,035,564 | ||||
| 1,136,800 | American Airlines, Inc., 2024 Replacement Term Loan, 6.556% (Term SOFR + 225 bps), 2/15/28 | 1,141,329 | ||||
| Total Airlines | $2,176,893 | |||||
| Airport Development & Maintenance — 0.4% | ||||||
| 1,316,542 | Apple Bidco LLC, First Lien Initial Term Loan, 7.176% (Term SOFR + 275 bps), 9/22/28 | $ 1,326,233 | ||||
| Total Airport Development & Maintenance | $1,326,233 | |||||
| Principal Amount USD ($) | Value | |||||
| Apparel Manufacturers — 0.1% | ||||||
| 331,960 | Hanesbrands Inc., Initial Tranche B Term Loan, 8.062% (Term SOFR + 375 bps), 3/8/30 | $ 336,109 | ||||
| Total Apparel Manufacturers | $336,109 | |||||
| Appliances — 0.6% | ||||||
| 2,234,222 | AI Aqua Merger Sub, Inc., 2025 Refinancing Term B Loan, 7.337% (Term SOFR + 300 bps), 7/31/28 | $ 2,242,339 | ||||
| Total Appliances | $2,242,339 | |||||
| Applications Software — 2.0% | ||||||
| 676,218 | Central Parent LLC, First Lien 2024 Refinancing Term Loan, 7.579% (Term SOFR + 325 bps), 7/6/29 | $ 646,887 | ||||
| 497,436 | ConnectWise LLC, Initial Term Loan, 8.09% (Term SOFR + 350 bps), 9/29/28 | 501,322 | ||||
| 1,220,637 | EP Purchaser LLC, First Lien Closing Date Term Loan, 8.09% (Term SOFR + 350 bps), 11/6/28 | 1,219,111 | ||||
| 880,235 | Flash Charm, Inc., First Lien Incremental Term Loan, 8.071% (Term SOFR + 350 bps), 3/2/28 | 836,223 | ||||
| 1,744,552(c) | Loyalty Ventures, Inc., Term B Loan, 11.46% (LIBOR + 650 bps), 11/3/27 | 130,841 | ||||
| 2,263,702 | RealPage, Inc., First Lien Initial Term Loan, 7.59% (Term SOFR + 300 bps), 4/24/28 | 2,264,488 | ||||
| 1,306,361 | SS&C Technologies Holdings, Inc., Term B-8 Loan, 6.312% (Term SOFR + 200 bps), 5/9/31 | 1,311,324 | ||||
| Total Applications Software | $6,910,196 | |||||
| Auto Parts & Equipment — 2.2% | ||||||
| 441,166 | Adient US LLC, Term B-2 Loan, 6.562% (Term SOFR + 225 bps), 1/31/31 | $ 442,986 | ||||
| 4,333,357(b) | First Brands Group LLC, First Lien 2021 Term Loan, 9.552% (Term SOFR + 500 bps), 3/30/27 | 4,262,940 | ||||
| 3,054,692 | IXS Holdings, Inc., Initial Term Loan, 8.679% (Term SOFR + 425 bps), 3/5/27 | 3,054,056 | ||||
| Total Auto Parts & Equipment | $7,759,982 | |||||
| Auto Repair Centers — 0.7% | ||||||
| 2,571,080 | Champions Holdco, Inc., Initial Term Loan, 9.271% (Term SOFR + 475 bps), 2/23/29 | $ 2,352,538 | ||||
| Total Auto Repair Centers | $2,352,538 | |||||
| Auto-Truck Trailers — 0.7% | ||||||
| 2,674,375 | Novae LLC, Tranche B Term Loan, 9.411% (Term SOFR + 500 bps), 12/22/28 | $ 2,537,313 | ||||
| Total Auto-Truck Trailers | $2,537,313 | |||||
| Principal Amount USD ($) | Value | |||||
| Beverages — 0.1% | ||||||
| 396,000 | Triton Water Holdings, Inc., 2024 First Lien Incremental Term Loan, 8.329% (Term SOFR + 400 bps), 3/31/28 | $ 398,227 | ||||
| Total Beverages | $398,227 | |||||
| Building & Construction — 0.3% | ||||||
| 1,119,017 | Service Logic Acquisition, Inc., Relevant Term Loan, 7.812% (Term SOFR + 350 bps), 10/29/27 | $ 1,131,606 | ||||
| Total Building & Construction | $1,131,606 | |||||
| Building & Construction Products — 1.2% | ||||||
| 970,000 | Chariot Buyer LLC, First Lien Initial Term Loan, 7.662% (Term SOFR + 325 bps), 11/3/28 | $ 975,835 | ||||
| 1,433,954 | Cornerstone Building Brands, Inc., Tranche B Term Loan, 7.656% (Term SOFR + 325 bps), 4/12/28 | 1,368,978 | ||||
| 745,023 | LHS Borrower LLC, Initial Term Loan, 9.162% (Term SOFR + 475 bps), 2/16/29 | 718,016 | ||||
| 1,243,112 | Potters Industries LLC, 2024 Incremental Term Loan, 8.041% (Term SOFR + 375 bps), 12/14/27 | 1,255,544 | ||||
| Total Building & Construction Products | $4,318,373 | |||||
| Building Production — 0.7% | ||||||
| 1,231,351 | Koppers Inc., Term B-2 Loan, 6.81% (Term SOFR + 250 bps), 4/10/30 | $ 1,239,431 | ||||
| 1,015,000(b) | Quikrete Holdings, Inc., Term Loan B, 1/31/32 | 1,021,344 | ||||
| 203,463 | Summit Materials LLC, Term B-2 Loan, 6.055% (Term SOFR + 175 bps), 1/12/29 | 203,955 | ||||
| Total Building Production | $2,464,730 | |||||
| Building-Air & Heating — 0.1% | ||||||
| 331,182 | EMRLD Borrower LP, Initial Term B Loan, 6.933% (Term SOFR + 250 bps), 5/31/30 | $ 332,631 | ||||
| Total Building-Air & Heating | $332,631 | |||||
| Cable & Satellite Television — 1.0% | ||||||
| 684,962 | DIRECTV Financing LLC, 2024 Refinancing Term B Loan, 9.802% (Term SOFR + 525 bps), 8/2/29 | $ 681,377 | ||||
| 822,937 | Midcontinent Communications, 2024 Term Loan, 6.805% (Term SOFR + 250 bps), 8/16/31 | 829,110 | ||||
| 2,058,713 | Radiate Holdco LLC, Amendment No. 6 Term B Loan, 7.676% (Term SOFR + 325 bps), 9/25/26 | 1,847,266 | ||||
| Total Cable & Satellite Television | $3,357,753 | |||||
| Principal Amount USD ($) | Value | |||||
| Casino Hotels — 0.6% | ||||||
| 2,187,894 | Century Casinos, Inc., Term B Facility Loan, 10.426% (Term SOFR + 600 bps), 4/2/29 | $ 2,155,076 | ||||
| Total Casino Hotels | $2,155,076 | |||||
| Casino Services — 0.5% | ||||||
| 389,060 | Caesars Entertainment, Inc., Incremental Term B-1 Loan, 6.562% (Term SOFR + 225 bps), 2/6/31 | $ 391,046 | ||||
| 1,285,259 | Everi Holdings, Inc., Term B Loan, 6.926% (Term SOFR + 250 bps), 8/3/28 | 1,289,918 | ||||
| 90,408 | Lucky Bucks LLC, Priority First Out Exit Term Loan, 11.952% (Term SOFR + 765 bps), 10/2/28 | 83,627 | ||||
| 181,355 | Lucky Bucks LLC, Priority Second Out Term Loan, 11.952% (Term SOFR + 765 bps), 10/2/29 | 153,245 | ||||
| Total Casino Services | $1,917,836 | |||||
| Cellular Telecom — 1.0% | ||||||
| 1,964,263 | Altice France S.A., USD TLB-[14] Loan, 9.802% (Term SOFR + 550 bps), 8/15/28 | $ 1,658,575 | ||||
| 1,661,794 | CCI Buyer, Inc., First Lien Initial Term Loan, 8.329% (Term SOFR + 400 bps), 12/17/27 | 1,671,141 | ||||
| Total Cellular Telecom | $3,329,716 | |||||
| Chemicals-Diversified — 1.6% | ||||||
| 290,912 | Geon Performance Solutions LLC (Fka. Echo US Holdings LLC), 2024 Refinancing Term Loan, 8.84% (Term SOFR + 425 bps), 8/18/28 | $ 292,094 | ||||
| 1,131,449 | Ineos Quattro Holdings UK Ltd., 2029 Tranche B Dollar Term Loan, 8.662% (Term SOFR + 425 bps), 4/2/29 | 1,131,449 | ||||
| 443,250 | Ineos Quattro Holdings UK Ltd., 2030 Tranche B Dollar Term Loan, 8.162% (Term SOFR + 375 bps), 3/14/30 | 444,912 | ||||
| 1,835,417 | Ineos US Finance LLC, 2030 Dollar Term Loan, 7.562% (Term SOFR + 325 bps), 2/18/30 | 1,839,240 | ||||
| 1,900,160 | LSF11 A5 Holdco LLC, 2024 Refinancing Term Loan, 7.926% (Term SOFR + 350 bps), 10/15/28 | 1,912,036 | ||||
| Total Chemicals-Diversified | $5,619,731 | |||||
| Chemicals-Plastics — 0.5% | ||||||
| 1,594,481 | Bakelite US Holdco, Inc., Initial Loan, 8.087% (Term SOFR + 375 bps), 12/23/31 | $ 1,594,481 | ||||
| Total Chemicals-Plastics | $1,594,481 | |||||
| Chemicals-Specialty — 1.5% | ||||||
| 1,258,583 | Axalta Coating Systems U.S. Holdings, Inc., Term B-7 Dollar Loan, 6.079% (Term SOFR + 175 bps), 12/20/29 | $ 1,265,137 | ||||
| Principal Amount USD ($) | Value | |||||
| Chemicals-Specialty — (continued) | ||||||
| 1,240,625 | Element Solutions Inc.(Macdermid, Inc.), Tranche B-3 Term Loan, 6.062% (Term SOFR + 175 bps), 12/18/30 | $ 1,246,718 | ||||
| 870,458 | Mativ Holdings, Inc., Term B Loan, 8.176% (Term SOFR + 375 bps), 4/20/28 | 869,914 | ||||
| 243,663 | Nouryon Finance B.V., November 2024 B-1 Dollar Term Loan, 7.657% (Term SOFR + 325 bps), 4/3/28 | 245,947 | ||||
| 594,011 | Nouryon Finance B.V., November 2024 B-2 Dollar Term Loan, 7.809% (Term SOFR + 325 bps), 4/3/28 | 599,209 | ||||
| 1,000,000 | Tronox Finance LLC, 2024 First Lien B2 Term Loan, 6.601% (Term SOFR + 225 bps), 4/4/29 | 1,003,125 | ||||
| Total Chemicals-Specialty | $5,230,050 | |||||
| Commercial Services — 1.3% | ||||||
| 970,224 | AEA International Holdings (Luxembourg) S.a.r.l., First Lien New Term Loan, 7.079% (Term SOFR + 275 bps), 9/7/28 | $ 979,927 | ||||
| 1,184,344 | ArchKey Holdings Inc., Initial Term Loan, 9.087% (Term SOFR + 475 bps), 10/10/31 | 1,192,486 | ||||
| 1,459,665 | DS Parent, Inc., Term Loan B, 9.829% (Term SOFR + 550 bps), 1/31/31 | 1,381,208 | ||||
| 403,428 | Pre-Paid Legal Services, Inc., First Lien Initial Term Loan, 7.575% (Term SOFR + 325 bps), 12/15/28 | 406,453 | ||||
| 498,750 | Vestis Corp., Term B-1 Loan, 6.764% (Term SOFR + 225 bps), 2/22/31 | 500,517 | ||||
| Total Commercial Services | $4,460,591 | |||||
| Computer Data Security — 0.6% | ||||||
| 1,948,026 | Precisely Software, Inc., First Lien Third Amendment Term Loan, 8.552% (Term SOFR + 400 bps), 4/24/28 | $ 1,935,547 | ||||
| Total Computer Data Security | $1,935,547 | |||||
| Computer Services — 1.7% | ||||||
| 1,739,322 | Ahead DB Holdings LLC, First Lien Term B-3 Loan, 7.829% (Term SOFR + 300 bps), 2/1/31 | $ 1,754,421 | ||||
| 661,000 | Amentum Holdings, Inc., Initial Term Loan, 6.562% (Term SOFR + 225 bps), 9/29/31 | 659,926 | ||||
| 1,383,532 | Fortress Intermediate 3, Inc., Initial Term Loan, 7.812% (Term SOFR + 350 bps), 6/27/31 | 1,389,152 | ||||
| 746,241 | KBR, Inc., Term B Facility, 6.312% (Term SOFR + 200 bps), 1/17/31 | 750,827 | ||||
| 1,278,575 | Maximus, Inc., Initial Tranche B Term Loan, 6.312% (Term SOFR + 200 bps), 5/30/31 | 1,289,762 | ||||
| Total Computer Services | $5,844,088 | |||||
| Principal Amount USD ($) | Value | |||||
| Computer Software — 0.4% | ||||||
| 1,361,500 | Cornerstone OnDemand, Inc., First Lien Initial Term Loan, 8.176% (Term SOFR + 375 bps), 10/16/28 | $ 1,225,350 | ||||
| Total Computer Software | $1,225,350 | |||||
| Computers-Integrated Systems — 0.1% | ||||||
| 308,267 | NCR Atleos Corp., New Term B Loan, 8.053% (Term SOFR + 375 bps), 4/16/29 | $ 310,771 | ||||
| Total Computers-Integrated Systems | $310,771 | |||||
| Computers-Memory Devices — 0.2% | ||||||
| 868,000(b) | SanDisk Corp., Term Loan B, 12/13/31 | $ 859,320 | ||||
| Total Computers-Memory Devices | $859,320 | |||||
| Consulting Services — 0.7% | ||||||
| 2,382,860 | Ankura Consulting Group LLC, 2024-2 First Lien Repricing Term Loan, 7.812% (Term SOFR + 350 bps), 12/29/31 | $ 2,394,476 | ||||
| Total Consulting Services | $2,394,476 | |||||
| Consumer Products — 0.2% | ||||||
| 771,503(b) | Reynolds Consumer Products LLC, Initial Term Loan, 2/4/27 | $ 775,264 | ||||
| Total Consumer Products | $775,264 | |||||
| Containers-Paper & Plastic — 0.3% | ||||||
| 1,149,225 | Ring Container Technologies Group LLC, 2024 Refinancing Term Loan, 7.062% (Term SOFR + 275 bps), 8/12/28 | $ 1,154,971 | ||||
| Total Containers-Paper & Plastic | $1,154,971 | |||||
| Cruise Lines — 0.2% | ||||||
| 578,550 | LC Ahab US Bidco LLC, Initial Term Loan, 7.312% (Term SOFR + 300 bps), 5/1/31 | $ 582,528 | ||||
| Total Cruise Lines | $582,528 | |||||
| Diagnostic Equipment — 0.7% | ||||||
| 2,437,902 | Curia Global, Inc., 2021 First Lien Term Loan, 8.162% (Term SOFR + 375 bps), 8/30/26 | $ 2,333,275 | ||||
| Total Diagnostic Equipment | $2,333,275 | |||||
| Principal Amount USD ($) | Value | |||||
| Dialysis Centers — 0.9% | ||||||
| 1,296,750 | DaVita, Inc., Extended Tranche B-1 Term Loan, 6.312% (Term SOFR + 200 bps), 5/9/31 | $ 1,300,927 | ||||
| 2,031,372 | U.S. Renal Care, Inc., Closing Date Term Loan, 9.426% (Term SOFR + 500 bps), 6/20/28 | 1,895,946 | ||||
| Total Dialysis Centers | $3,196,873 | |||||
| Direct Marketing — 0.3% | ||||||
| 1,018,329 | Red Ventures LLC (New Imagitas, Inc.), First Lien Term B-5 Loan, 7.062% (Term SOFR + 275 bps), 3/3/30 | $ 1,026,239 | ||||
| Total Direct Marketing | $1,026,239 | |||||
| Disposable Medical Products — 1.0% | ||||||
| 1,550,464 | Medline Borrower LP, Third Amendment Incremental Term Loan, 6.562% (Term SOFR + 225 bps), 10/23/28 | $ 1,560,154 | ||||
| 1,826,206 | Sotera Health Holdings LLC, 2024 Refinancing Term Loan, 7.562% (Term SOFR + 325 bps), 5/30/31 | 1,835,337 | ||||
| Total Disposable Medical Products | $3,395,491 | |||||
| Distribution & Wholesale — 1.7% | ||||||
| 1,361,587 | AIP RD Buyer Corp., First Lien Term B Loan, 8.312% (Term SOFR + 400 bps), 12/23/30 | $ 1,364,567 | ||||
| 1,338,275 | Barentz Midco B.V., USD Facility B2, 8.429% (Term SOFR + 400 bps), 3/3/31 | 1,347,754 | ||||
| 827,925 | Gates Corp., Initial B-5 Dollar Term Loan, 6.062% (Term SOFR + 175 bps), 6/4/31 | 830,089 | ||||
| 883,000(b) | Gloves Buyer, Inc., Initial Term Loan, 1/17/32 | 882,448 | ||||
| 981,819 | Olympus Water US Holding Corp., Term B-6 Dollar Loan, 7.337% (Term SOFR + 300 bps), 6/20/31 | 985,091 | ||||
| 594,015 | Windsor Holdings III LLC, 2024 September Dollar Term B Loan, 7.802% (Term SOFR + 350 bps), 8/1/30 | 599,584 | ||||
| Total Distribution & Wholesale | $6,009,533 | |||||
| E-Commerce — 0.3% | ||||||
| 1,218,884 | TouchTunes Music Group LLC, First Lien Tranche B-1 Term Loan, 9.079% (Term SOFR + 475 bps), 4/2/29 | $ 1,221,678 | ||||
| Total E-Commerce | $1,221,678 | |||||
| Electric-Generation — 2.1% | ||||||
| 650,370 | Alpha Generation LLC, Initial Term B Loan, 7.062% (Term SOFR + 275 bps), 9/30/31 | $ 654,841 | ||||
| 2,010,876 | Eastern Power LLC (Eastern Covert Midco LLC), Term Loan, 9.562% (Term SOFR + 525 bps), 4/3/28 | 2,015,544 | ||||
| 1,247,179 | Edgewater Generation LLC, Refinancing Term Loan, 8.562% (Term SOFR + 425 bps), 8/1/30 | 1,258,481 | ||||
| Principal Amount USD ($) | Value | |||||
| Electric-Generation — (continued) | ||||||
| 1,578,638 | Hamilton Projects Acquiror LLC, Term Loan, 7.312% (Term SOFR + 300 bps), 5/31/31 | $ 1,594,178 | ||||
| 913,710 | Thunder Generation Funding LLC, Term Loan, 7.329% (Term SOFR + 300 bps), 10/3/31 | 920,237 | ||||
| 892,433 | Vistra Operations Company LLC, 2018 Incremental Term Loan, 6.062% (Term SOFR + 175 bps), 12/20/30 | 894,478 | ||||
| Total Electric-Generation | $7,337,759 | |||||
| Electric-Integrated — 0.3% | ||||||
| 840,195 | Constellation Renewables LLC, Loan, 6.764% (Term SOFR + 225 bps), 12/15/27 | $ 843,031 | ||||
| 310,979 | Talen Energy Supply LLC, 2024-1 Incremental Term B Loan, 6.854% (Term SOFR + 250 bps), 12/13/31 | 312,728 | ||||
| Total Electric-Integrated | $1,155,759 | |||||
| Electronic Composition — 0.2% | ||||||
| 653,036 | Natel Engineering Co., Inc., Initial Term Loan, 10.676% (Term SOFR + 625 bps), 4/30/26 | $ 617,936 | ||||
| Total Electronic Composition | $617,936 | |||||
| Engines — 1.5% | ||||||
| 1,720,154(b) | Arcline FM Holdings LLC, 2024-2 First Lien New Term Loan, 9.567% (Term SOFR + 450 bps), 6/23/28 | $ 1,725,709 | ||||
| 992,500 | INNIO Group Holding GmbH, 2025 Amended USD Facility B Loan, 6.807% (Term SOFR + 250 bps), 11/2/28 | 999,117 | ||||
| 2,605,191 | LSF12 Badger Bidco LLC, Initial Term Loan, 10.312% (Term SOFR + 600 bps), 8/30/30 | 2,588,908 | ||||
| Total Engines | $5,313,734 | |||||
| Enterprise Software & Services — 1.8% | ||||||
| 2,028,579 | Cloud Software Group, Inc., Sixth Amendment Term Loan, 8.079% (Term SOFR + 375 bps), 3/21/31 | $ 2,044,700 | ||||
| 1,015,000(b) | Genesys Cloud Services Holdings I LLC, Term Loan, 1/24/32 | 1,019,123 | ||||
| 580,000 | Helios Software Holdings, Inc. (ION Corporate Solutions Finance S.a.r.l.), 2024-B Dollar Term Loan, 7.829% (Term SOFR + 350 bps), 7/18/30 | 585,256 | ||||
| 1,761,723 | Open Text Corp., 2023 Replacement Term Loan, 6.062% (Term SOFR + 175 bps), 1/31/30 | 1,766,127 | ||||
| 972,662 | Project Alpha Intermediate Holding, Inc., Second Amendment Refinancing Term Loan, 7.579% (Term SOFR + 325 bps), 10/26/30 | 984,010 | ||||
| Total Enterprise Software & Services | $6,399,216 | |||||
| Principal Amount USD ($) | Value | |||||
| Finance-Investment Banker — 0.8% | ||||||
| 1,347,726 | Citadel Securities LP, 2024-1 Term Loan, 6.329% (Term SOFR + 200 bps), 10/31/31 | $ 1,356,617 | ||||
| 901,317 | Hudson River Trading LLC, Term B-1 Loan, 7.297% (Term SOFR + 300 bps), 3/18/30 | 906,293 | ||||
| 662,000 | Jefferies Finance LLC, Initial Term Loan, 7.302% (Term SOFR + 300 bps), 10/21/31 | 665,517 | ||||
| Total Finance-Investment Banker | $2,928,427 | |||||
| Finance-Leasing Company — 0.3% | ||||||
| 1,204,036 | Avolon TLB Borrower 1 (US) LLC, Term B-4 Loan, 5.899% (Term SOFR + 150 bps), 2/12/27 | $ 1,204,926 | ||||
| Total Finance-Leasing Company | $1,204,926 | |||||
| Food-Catering — 0.4% | ||||||
| 1,218,933(b) | Aramark Intermediate HoldCo Corp., U.S. Term B-8 Loan, 6.312% (Term SOFR + 200 bps), 6/22/30 | $ 1,226,678 | ||||
| Total Food-Catering | $1,226,678 | |||||
| Food-Confectionery — 0.5% | ||||||
| 1,592,010 | Fiesta Purchaser, Inc., First Refinancing Term Loan, 7.562% (Term SOFR + 325 bps), 2/12/31 | $ 1,598,104 | ||||
| Total Food-Confectionery | $1,598,104 | |||||
| Food-Dairy Products — 1.3% | ||||||
| 4,386,300 | Chobani LLC, Term Loan, 6.802% (Term SOFR + 250 bps), 10/25/27 | $ 4,417,828 | ||||
| Total Food-Dairy Products | $4,417,828 | |||||
| Food-Miscellaneous/Diversified — 0.4% | ||||||
| 1,296,750 | B&G Foods, Inc., Term B-5 Term Loan, 7.812% (Term SOFR + 350 bps), 10/10/29 | $ 1,300,802 | ||||
| Total Food-Miscellaneous/Diversified | $1,300,802 | |||||
| Footwear & Related Apparel — 0.2% | ||||||
| 625,000 | Crocs, Inc., 2024 Refinancing Term Loan, 6.579% (Term SOFR + 225 bps), 2/19/29 | $ 628,949 | ||||
| Total Footwear & Related Apparel | $628,949 | |||||
| Gambling (Non-Hotel) — 0.4% | ||||||
| 504,900 | Flutter Entertainment Plc, 2024 Refinancing Term B Loan, 6.079% (Term SOFR + 175 bps), 11/30/30 | $ 506,794 | ||||
| 789,920 | Light and Wonder International, Inc., Term B-2 Loan, 6.551% (Term SOFR + 225 bps), 4/15/29 | 792,964 | ||||
| Total Gambling (Non-Hotel) | $1,299,758 | |||||
| Principal Amount USD ($) | Value | |||||
| Golf — 0.2% | ||||||
| 659,750 | Topgolf Callaway Brands Corp., Initial Term Loan, 7.312% (Term SOFR + 300 bps), 3/15/30 | $ 659,986 | ||||
| Total Golf | $659,986 | |||||
| Hazardous Waste Disposal — 0.3% | ||||||
| 1,170,309 | JFL-Tiger Acquisition Co., Inc., Initial Term Loan, 8.337% (Term SOFR + 400 bps), 10/17/30 | $ 1,179,330 | ||||
| Total Hazardous Waste Disposal | $1,179,330 | |||||
| Home Furnishings — 0.3% | ||||||
| 913,000 | Tempur Sealy International, Inc., 2024 Term B Loan, 6.84% (Term SOFR + 250 bps), 10/24/31 | $ 917,793 | ||||
| Total Home Furnishings | $917,793 | |||||
| Hotels & Motels — 0.8% | ||||||
| 1,913,839 | Playa Resorts Holding B.V., 2022 Term Loan, 7.062% (Term SOFR + 275 bps), 1/5/29 | $ 1,923,083 | ||||
| 992,500 | Travel + Leisure Co., 2024 Incremental Term Loan, 6.927% (Term SOFR + 250 bps), 12/14/29 | 998,703 | ||||
| Total Hotels & Motels | $2,921,786 | |||||
| Human Resources — 0.1% | ||||||
| 369,600 | Ingenovis Health, Inc., First Lien Initial Term Loan, 9.026% (Term SOFR + 425 bps), 3/6/28 | $ 188,496 | ||||
| Total Human Resources | $188,496 | |||||
| Independent Power Producer — 0.5% | ||||||
| 675,152 | EFS Cogen Holdings I LLC, Term B Advance, 7.805% (Term SOFR + 350 bps), 10/3/31 | $ 679,654 | ||||
| 1,180,043 | Lightning Power, LLC, Initial Term B Loan, 7.579% (Term SOFR + 325 bps), 8/18/31 | 1,188,050 | ||||
| Total Independent Power Producer | $1,867,704 | |||||
| Insurance Brokers — 0.7% | ||||||
| 1,925,480 | HIG Finance 2 Ltd., 2024-3 Dollar Refinancing Term Loan, 7.312% (Term SOFR + 300 bps), 2/15/31 | $ 1,937,396 | ||||
| 612,281 | USI, Inc., 2024-C Term Loan, 6.579% (Term SOFR + 225 bps), 9/29/30 | 613,046 | ||||
| Total Insurance Brokers | $2,550,442 | |||||
| Principal Amount USD ($) | Value | |||||
| Internet Content — 0.7% | ||||||
| 2,329,178 | MH Sub I LLC (Micro Holding Corp.), 2023 May Incremental First Lien Term Loan, 8.574% (Term SOFR + 425 bps), 5/3/28 | $ 2,311,709 | ||||
| Total Internet Content | $2,311,709 | |||||
| Internet Financial Services — 0.4% | ||||||
| 747,128 | Acuris Finance US, Inc., 2024 Dollar Term Loan, 8.079% (Term SOFR + 375 bps), 2/16/28 | $ 754,054 | ||||
| 666,088 | ION Trading Finance Ltd., 2024-B Dollar Term Loan, 7.829% (Term SOFR + 350 bps), 4/1/28 | 668,262 | ||||
| Total Internet Financial Services | $1,422,316 | |||||
| Internet Security — 0.2% | ||||||
| 639,000 | Proofpoint, Inc., 2024 Refinancing First Lien Term Loan, 7.312% (Term SOFR + 300 bps), 8/31/28 | $ 643,473 | ||||
| Total Internet Security | $643,473 | |||||
| Investment Management & Advisory Services — 1.5% | ||||||
| 1,862,362 | Allspring Buyer LLC, 2024 Specified Refinancing Term Loan, 7.375% (Term SOFR + 300 bps), 11/1/30 | $ 1,870,044 | ||||
| 586,000 | CPI Holdco B LLC, First Amendment Incremental Term Loan, 6.562% (Term SOFR + 225 bps), 5/17/31 | 587,587 | ||||
| 990,330 | Edelman Financial Engines Center LLC, 2024-2 Refinancing Term Loan, 7.312% (Term SOFR + 300 bps), 4/7/28 | 999,064 | ||||
| 310,000 | GTCR Everest Borrower LLC, Initial Term Loan, 7.079% (Term SOFR + 275 bps), 9/5/31 | 311,114 | ||||
| 1,533,549 | Russell Investments US Institutional Holdco, Inc., 2027 Term Loan, 9.291% (Term SOFR + 500 bps), 5/30/27 | 1,486,584 | ||||
| Total Investment Management & Advisory Services | $5,254,393 | |||||
| Lasers-System & Components — 0.3% | ||||||
| 1,147,818 | Coherent Corp., Term B-2 Loan, 6.312% (Term SOFR + 200 bps), 7/2/29 | $ 1,155,171 | ||||
| Total Lasers-Syst/Components | $1,155,171 | |||||
| Lottery Services — 0.4% | ||||||
| 1,496,250 | Scientific Games Holdings LP, 2024 Refinancing Dollar Term Loan, 7.296% (Term SOFR + 300 bps), 4/4/29 | $ 1,503,544 | ||||
| Total Lottery Services | $1,503,544 | |||||
| Principal Amount USD ($) | Value | |||||
| Machinery-Electrical — 0.3% | ||||||
| 912,712 | Dynamo Midco B.V., USD Facility B, 8.245% (Term SOFR + 400 bps), 9/30/31 | $ 924,406 | ||||
| Total Machinery-Electrical | $924,406 | |||||
| Medical Diagnostic Imaging — 0.5% | ||||||
| 1,694,690 | US Radiology Specialists, Inc. (US Outpatient Imaging Services, Inc.), Amendment No. 3 Replacement Term Loan, 9.079% (Term SOFR + 475 bps), 12/15/27 | $ 1,698,291 | ||||
| Total Medical Diagnostic Imaging | $1,698,291 | |||||
| Medical Information Systems — 1.0% | ||||||
| 1,955,698 | athenahealth Group Inc., Initial Term Loan, 7.312% (Term SOFR + 300 bps), 2/15/29 | $ 1,962,217 | ||||
| 1,447,500 | One Call Corp., First Lien Term B Loan, 10.062% (Term SOFR + 550 bps), 4/22/27 | 1,389,600 | ||||
| Total Medical Information Systems | $3,351,817 | |||||
| Medical Labs & Testing Services — 1.2% | ||||||
| 1,390,266 | Charlotte Buyer, Inc., First Lien First Refinancing Term Loan, 9.052% (Term SOFR + 475 bps), 2/11/28 | $ 1,398,411 | ||||
| 1,949,097 | Phoenix Guarantor Inc., First Lien Tranche B-5 Term Loan, 6.812% (Term SOFR + 250 bps), 2/21/31 | 1,959,208 | ||||
| 962,614 | U.S. Anesthesia Partners, Inc., First Lien Initial Term Loan, 8.702% (Term SOFR + 425 bps), 10/1/28 | 958,831 | ||||
| Total Medical Labs & Testing Services | $4,316,450 | |||||
| Medical Products — 0.5% | ||||||
| 1,679,754 | Hanger, Inc., Initial Term Loan, 7.812% (Term SOFR + 350 bps), 10/23/31 | $ 1,698,477 | ||||
| Total Medical Products | $1,698,477 | |||||
| Medical-Drugs — 2.2% | ||||||
| 1,312,500 | Bausch Health Companies Inc., Second Amendment Term Loan, 9.662% (Term SOFR + 525 bps), 2/1/27 | $ 1,277,500 | ||||
| 972,562 | Endo Finance Holdings, Inc., 2024 Refinancing Term Loan, 8.312% (Term SOFR + 400 bps), 4/23/31 | 981,072 | ||||
| 823,775 | Financiere Mendel, Additional Term USD Facility 1, 7.772% (Term SOFR + 325 bps), 11/8/30 | 830,297 | ||||
| 1,141,470 | Jazz Pharmaceuticals, Inc., Tranche B-2 Dollar Term Loan, 6.562% (Term SOFR + 225 bps), 5/5/28 | 1,145,988 | ||||
| Principal Amount USD ($) | Value | |||||
| Medical-Drugs — (continued) | ||||||
| 2,114,718 | Organon & Co., 2024 Refinancing Dollar Term Loan Facility, 6.549% (Term SOFR + 225 bps), 5/19/31 | $ 2,127,935 | ||||
| 1,176,471 | Padagis LLC, Term B Loan, 9.30% (Term SOFR + 475 bps), 7/6/28 | 1,116,176 | ||||
| Total Medical-Drugs | $7,478,968 | |||||
| Medical-Generic Drugs — 0.4% | ||||||
| 1,340,624 | Amneal Pharmaceuticals LLC, Initial Term Loan, 9.812% (Term SOFR + 550 bps), 5/4/28 | $ 1,381,261 | ||||
| Total Medical-Generic Drugs | $1,381,261 | |||||
| Medical-Hospitals — 1.2% | ||||||
| 1,763,080 | EyeCare Partners LLC, Tranche B Term Loan, 5.393% (Term SOFR + 100 bps), 11/30/28 | $ 1,403,117 | ||||
| 1,939,645 | Knight Health Holdings LLC, Term B Loan, 9.676% (Term SOFR + 525 bps), 12/23/28 | 1,124,994 | ||||
| 1,600,988 | LifePoint Health, Inc., 2024-2 First Lien Refinancing Term Loan, 7.965% (Term SOFR + 350 bps), 5/17/31 | 1,594,984 | ||||
| Total Medical-Hospitals | $4,123,095 | |||||
| Medical-Wholesale Drug Distribution — 1.6% | ||||||
| 1,768,672 | CVET Midco 2 LP, First Lien Initial Term Loan, 9.329% (Term SOFR + 500 bps), 10/13/29 | $ 1,718,375 | ||||
| 2,728,757 | Gainwell Acquisition Corp., First Lien Term B Loan, 8.429% (Term SOFR + 400 bps), 10/1/27 | 2,625,577 | ||||
| 1,275,360 | Owens & Minor, Inc., Term B-1 Loan, 8.162% (Term SOFR + 375 bps), 3/29/29 | 1,292,099 | ||||
| Total Medical-Wholesale Drug Distribution | $5,636,051 | |||||
| Metal Processors & Fabrication — 0.4% | ||||||
| 1,269,599 | Grinding Media Inc.(Molycop Ltd.), 2024 First Lien Incremental Term Loan, 8.021% (Term SOFR + 350 bps), 10/12/28 | $ 1,275,947 | ||||
| Total Metal Processors & Fabrication | $1,275,947 | |||||
| Metal-Aluminum — 0.7% | ||||||
| 2,488,175 | Arsenal AIC Parent LLC, 2024-A Refinancing Term B Loan, 7.562% (Term SOFR + 325 bps), 8/18/30 | $ 2,503,727 | ||||
| Total Metal-Aluminum | $2,503,727 | |||||
| Mining Services — 0.1% | ||||||
| 258,923 | Flame NewCo LLC, First Lien New Money Exit Term Loan, 6.412% (Term SOFR + 200 bps), 6/30/28 | $ 255,039 | ||||
| Total Mining Services | $255,039 | |||||
| Principal Amount USD ($) | Value | |||||
| Non-hazardous Waste Disposal — 0.3% | ||||||
| 913,000 | Tidal Waste & Recycling Holdings LLC, Initial Term Loan, 7.829% (Term SOFR + 350 bps), 10/24/31 | $ 921,701 | ||||
| Total Non-hazardous Waste Disposal | $921,701 | |||||
| Office Automation & Equipment — 0.5% | ||||||
| 1,144,000(b) | Pitney Bowes Inc., Term Loan B, 1/31/32 | $ 1,132,560 | ||||
| 673,750 | Pitney Bowes, Inc., Refinancing Tranche B Term Loan, 8.426% (Term SOFR + 400 bps), 3/17/28 | 676,277 | ||||
| Total Office Automation & Equipment | $1,808,837 | |||||
| Oil & Gas Drilling — 0.4% | ||||||
| 1,296,750 | WaterBridge Midstream Operating LLC, Term Loan B, 9.077% (Term SOFR + 475 bps), 6/27/29 | $ 1,310,528 | ||||
| Total Oil & Gas Drilling | $1,310,528 | |||||
| Pastoral & Agricultural — 0.4% | ||||||
| 1,309,500 | Alltech, Inc., Term B Loan, 8.426% (Term SOFR + 400 bps), 10/13/28 | $ 1,316,047 | ||||
| Total Pastoral & Agricultural | $1,316,047 | |||||
| Pharmacy Services — 0.5% | ||||||
| 1,625,372 | Option Care Health, Inc., 2021 First Lien Refinancing Term Loan, 6.562% (Term SOFR + 225 bps), 10/27/28 | $ 1,638,240 | ||||
| Total Pharmacy Services | $1,638,240 | |||||
| Physical Practice Management — 0.4% | ||||||
| 1,266,847 | Sound Inpatient Physicians, Inc., Tranche B Term Loan, 8.09% (Term SOFR + 350 bps), 6/28/28 | $ 1,178,168 | ||||
| 268,240 | Sound Inpatient Physicians, Inc., Tranche C Term Loan, 11.34% (Term SOFR + 675 bps), 6/28/29 | 193,635 | ||||
| Total Physical Practice Management | $1,371,803 | |||||
| Physical Therapy & Rehabilitation Centers — 0.8% | ||||||
| 836,605 | Summit Behavioral Healthcare LLC, First Lien Tranche B-1 Term Loan, 8.764% (Term SOFR + 425 bps), 11/24/28 | $ 732,029 | ||||
| 2,394,406 | Upstream Newco, Inc., First Lien August 2021 Incremental Term Loan, 8.802% (Term SOFR + 425 bps), 11/20/26 | 2,038,238 | ||||
| Total Physical Therapy & Rehabilitation Centers | $2,770,267 | |||||
| Pipelines — 2.2% | ||||||
| 1,907,461 | Brazos Delaware II LLC, Refinancing Term Loan, 8.255% (Term SOFR + 350 bps), 2/11/30 | $ 1,926,734 | ||||
| 951,253 | Buckeye Partners LP, 2025 Tranche B-6 Term Loan, 6.062% (Term SOFR + 175 bps), 11/22/30 | 953,259 | ||||
| Principal Amount USD ($) | Value | |||||
| Pipelines — (continued) | ||||||
| 648,000 | Epic Crude Services LP, Term Loan , 7.302% (Term SOFR + 300 bps), 10/15/31 | $ 654,538 | ||||
| 309,456 | GIP Pilot Acquisition Partners LP, Amendment No. 2 Refinancing Term Loan, 6.302% (Term SOFR + 200 bps), 10/4/30 | 311,196 | ||||
| 715,846 | M6 ETX Holdings II MidCo LLC, Initial Term Loan, 8.912% (Term SOFR + 450 bps), 9/19/29 | 720,208 | ||||
| 1,931,013 | Oryx Midstream Services Permian Basin LLC, 2025 Refinancing Term Loan, 6.552% (Term SOFR + 225 bps), 10/5/28 | 1,939,762 | ||||
| 1,093,179 | Traverse Midstream Partners LLC, Advance, 7.291% (Term SOFR + 300 bps), 2/16/28 | 1,097,279 | ||||
| Total Pipelines | $7,602,976 | |||||
| Printing-Commercial — 0.4% | ||||||
| 590,545 | Cimpress Plc, 2024-2 Refinancing Tranche B-1 Term Loan, 6.812% (Term SOFR + 250 bps), 5/17/28 | $ 592,022 | ||||
| 905,000(b) | Verde Purchaser LLC, Initial Term Loan, 11/30/30 | 906,131 | ||||
| Total Printing-Commercial | $1,498,153 | |||||
| Professional Sports — 0.4% | ||||||
| 815,902 | Formula One Management Ltd., Facility B, 6.329% (Term SOFR + 200 bps), 9/30/31 | $ 818,961 | ||||
| 407,951(b) | Formula One Management Ltd., Incremental Term Facility, 9/10/31 | 409,481 | ||||
| Total Professional Sports | $1,228,442 | |||||
| Property & Casualty Insurance — 2.4% | ||||||
| 613,577 | Asurion LLC, First Lien New B-12 Term Loan, 8.676% (Term SOFR + 425 bps), 9/19/30 | $ 613,513 | ||||
| 1,414,150 | Asurion LLC, New B-10 Term Loan, 8.412% (Term SOFR + 400 bps), 8/19/28 | 1,414,150 | ||||
| 788,977 | Asurion LLC, New B-11 Term Loan, 8.662% (Term SOFR + 425 bps), 8/19/28 | 791,048 | ||||
| 1,944,444 | Asurion LLC, New B-9 Term Loan, 7.676% (Term SOFR + 325 bps), 7/31/27 | 1,944,293 | ||||
| 750,000 | Asurion LLC, Second Lien New B-4 Term Loan, 9.676% (Term SOFR + 525 bps), 1/20/29 | 731,451 | ||||
| 2,671,738 | Sedgwick Claims Management Services, Inc. (Lightning Cayman Merger Sub, Ltd.), 2024 Term Loan, 7.312% (Term SOFR + 300 bps), 7/31/31 | 2,690,109 | ||||
| Total Property & Casualty Insurance | $8,184,564 | |||||
| Principal Amount USD ($) | Value | |||||
| Protection-Safety — 0.3% | ||||||
| 970,131 | Prime Security Services Borrower LLC, 2024-1 First Lien Refinancing Term B-1 Loan, 6.326% (Term SOFR + 200 bps), 10/13/30 | $ 973,567 | ||||
| Total Protection-Safety | $973,567 | |||||
| Publishing — 1.5% | ||||||
| 1,641,750 | Cengage Learning, Inc., 2024 Refinancing Term Loan, 8.014% (Term SOFR + 350 bps), 3/24/31 | $ 1,651,909 | ||||
| 1,458,807 | Houghton Mifflin Harcourt Co., First Lien Term B Loan, 9.662% (Term SOFR + 525 bps), 4/9/29 | 1,434,555 | ||||
| 2,091,268 | McGraw-Hill Education, Inc., 2024 Term Loan, 8.329% (Term SOFR + 400 bps), 8/6/31 | 2,114,795 | ||||
| Total Publishing | $5,201,259 | |||||
| Publishing-Periodicals — 0.2% | ||||||
| 851,036 | MJH Healthcare Holdings LLC, 2024 Refinancing Term B Loan, 7.662% (Term SOFR + 325 bps), 1/28/29 | $ 854,759 | ||||
| Total Publishing-Periodicals | $854,759 | |||||
| Recreational Centers — 1.2% | ||||||
| 1,888,317 | Bulldog Purchaser, Inc., 2024 New Term Loan (First Lien), 8.046% (Term SOFR + 375 bps), 6/27/31 | $ 1,895,791 | ||||
| 1,973,995 | Fitness International LLC, Term B Loan, 9.562% (Term SOFR + 525 bps), 2/12/29 | 1,989,108 | ||||
| 325,000 | Life Time, Inc., 2024 New Term Loan, 6.796% (Term SOFR + 250 bps), 11/5/31 | 326,998 | ||||
| Total Recreational Centers | $4,211,897 | |||||
| Recycling — 0.5% | ||||||
| 1,739,909 | LTR Intermediate Holdings, Inc., Initial Term Loan, 8.926% (Term SOFR + 450 bps), 5/5/28 | $ 1,713,811 | ||||
| Total Recycling | $1,713,811 | |||||
| REITS-Storage — 0.1% | ||||||
| 350,833 | Iron Mountain Information Management LLC, Amendment No.1 Incremental Term B Loan, 6.312% (Term SOFR + 200 bps), 1/31/31 | $ 351,052 | ||||
| Total REITS-Storage | $351,052 | |||||
| Rental Auto & Equipment — 0.7% | ||||||
| 1,303,450 | Albion Financing 3 S.a.r.l. (Albion Financing LLC), 2024 Amended U.S. Dollar Term Loan, 8.80% (Term SOFR + 425 bps), 8/16/29 | $ 1,315,126 | ||||
| 338,000(b) | Albion Financing 3 S.a.r.l., Term Loan B, 8/16/29 | 340,746 | ||||
| Principal Amount USD ($) | Value | |||||
| Rental Auto & Equipment — (continued) | ||||||
| 811,975 | Hertz Corp., Initial Term B Loan, 7.926% (Term SOFR + 350 bps), 6/30/28 | $ 733,949 | ||||
| 158,576 | Hertz Corp., Initial Term C Loan, 7.926% (Term SOFR + 350 bps), 6/30/28 | 143,338 | ||||
| Total Rental Auto & Equipment | $2,533,159 | |||||
| Resorts/Theme Parks — 0.3% | ||||||
| 1,119,375 | Six Flags Entertainment Corp., Initial Term B Loan, 6.357% (Term SOFR + 200 bps), 5/1/31 | $ 1,123,922 | ||||
| Total Resorts/Theme Parks | $1,123,922 | |||||
| Retail — 2.9% | ||||||
| 1,245,527 | Great Outdoors Group LLC, Term B-3 Loan, 7.552% (Term SOFR + 325 bps), 1/23/32 | $ 1,254,480 | ||||
| 1,516,857 | Harbor Freight Tools USA, Inc., Replacement Term Loan, 6.812% (Term SOFR + 250 bps), 6/11/31 | 1,510,695 | ||||
| 992,435 | Highline Aftermarket Acquisition LLC, 2024-1 First Lien Refinancing Term Loan, 8.312% (Term SOFR + 400 bps), 11/9/27 | 998,638 | ||||
| 453,333 | Kodiak BP LLC, Initial Term Loan, 8.046% (Term SOFR + 375 bps), 12/4/31 | 454,224 | ||||
| 263,675 | MI Windows and Doors LLC, Term B-2 Loan, 7.312% (Term SOFR + 300 bps), 3/28/31 | 266,332 | ||||
| 1,447,500 | Michaels Companies, Inc., Term B Loan, 8.84% (Term SOFR + 425 bps), 4/15/28 | 1,181,522 | ||||
| 2,079,140 | Petco Health & Wellness Co., Inc., First Lien Initial Term Loan, 7.84% (Term SOFR + 325 bps), 3/3/28 | 2,001,496 | ||||
| 1,640,500 | PetSmart LLC, Initial Term Loan, 8.162% (Term SOFR + 375 bps), 2/11/28 | 1,650,497 | ||||
| 926,561 | RVR Dealership Holdings LLC, Term Loan, 8.162% (Term SOFR + 375 bps), 2/8/28 | 873,863 | ||||
| Total Retail | $10,191,747 | |||||
| Retail-Catalog Shopping — 0.2% | ||||||
| 973,346 | Medical Solutions Holdings, Inc., First Lien Initial Term Loan, 7.891% (Term SOFR + 350 bps), 11/1/28 | $ 693,915 | ||||
| Total Retail-Catalog Shopping | $693,915 | |||||
| Retail-Miscellaneous/Diversified — 0.5% | ||||||
| 573,069 | Lakeshore Learning Materials LLC, First Lien Initial Term Loan, 7.926% (Term SOFR + 350 bps), 9/29/28 | $ 566,008 | ||||
| Principal Amount USD ($) | Value | |||||
| Retail-Miscellaneous/Diversified — (continued) | ||||||
| 595,500 | Peer Holding III B.V., Facility B4, 7.579% (Term SOFR + 325 bps), 10/28/30 | $ 599,781 | ||||
| 640,000 | Peer Holding III B.V., USD Additional Facility 2, 7.329% (Term SOFR + 300 bps), 7/1/31 | 644,133 | ||||
| Total Retail-Miscellaneous/Diversified | $1,809,922 | |||||
| Retail-Restaurants — 0.5% | ||||||
| 1,599,960 | 1011778 B.C. Unlimited Liability Co., Term B-6 Loan, 6.062% (Term SOFR + 175 bps), 9/20/30 | $ 1,597,210 | ||||
| Total Retail-Restaurants | $1,597,210 | |||||
| Schools — 0.2% | ||||||
| 779,997 | Bach Finance Ltd., Initial Dollar Term Loan, 7.496% (Term SOFR + 325 bps), 1/9/32 | $ 790,965 | ||||
| Total Schools | $790,965 | |||||
| Security Services — 1.7% | ||||||
| 2,608,145 | Allied Universal Holdco LLC (f/k/a USAGM Holdco LLC), Initial U.S. Dollar Term Loan, 8.162% (Term SOFR + 375 bps), 5/12/28 | $ 2,621,168 | ||||
| 3,121,921 | Garda World Security Corp., Tenth Additional Term Loan, 7.805% (Term SOFR + 350 bps), 2/1/29 | 3,135,579 | ||||
| Total Security Services | $5,756,747 | |||||
| Semiconductor Equipment — 0.3% | ||||||
| 954,527 | MKS Instruments, Inc., 2025-1 Dollar Term B Loan, 6.305% (Term SOFR + 200 bps), 8/17/29 | $ 960,493 | ||||
| Total Semiconductor Equipment | $960,493 | |||||
| Telecom Services — 0.5% | ||||||
| 1,605,000 | Windstream Services LLC, 2024 Term Loan, 9.162% (Term SOFR + 475 bps), 10/1/31 | $ 1,621,050 | ||||
| Total Telecom Services | $1,621,050 | |||||
| Telecommunication Equipment — 0.3% | ||||||
| 982,588 | Ciena Corp., 2025 Term Loan, 6.051% (Term SOFR + 825 bps), 10/24/30 | $ 986,887 | ||||
| Total Telecommunication Equipment | $986,887 | |||||
| Principal Amount USD ($) | Value | |||||
| Telephone-Integrated — 0.8% | ||||||
| 952,352 | Level 3 Financing, Inc., Term B-1, 10.872% (Term SOFR + 656 bps), 4/15/29 | $ 966,297 | ||||
| 1,702,352 | Level 3 Financing, Inc., Term B-2, 10.872% (Term SOFR + 656 bps), 4/15/30 | 1,724,518 | ||||
| Total Telephone-Integrated | $2,690,815 | |||||
| Television — 0.1% | ||||||
| 457,700 | Gray Television, Inc., Term F Loan, 9.587% (Term SOFR + 525 bps), 6/4/29 | $ 435,006 | ||||
| Total Television | $435,006 | |||||
| Theaters — 1.0% | ||||||
| 2,077,087 | Cirque du Soleil Canada, Inc., Refinancing Term Loan, 8.079% (Term SOFR + 375 bps), 3/8/30 | $ 2,064,972 | ||||
| 1,247,000 | Crown Finance US, Inc., Initial Term Loan, 9.587% (Term SOFR + 525 bps), 12/2/31 | 1,246,844 | ||||
| Total Theaters | $3,311,816 | |||||
| Transportation Services — 1.4% | ||||||
| 992,584 | AIT Worldwide Logistics Holdings, Inc., First Lien Fifth Amendment Extended Term Loan, 9.278% (Term SOFR + 475 bps), 4/8/30 | $ 999,408 | ||||
| 1,637,434 | Carriage Purchaser, Inc., Term B Loan, 8.312% (Term SOFR + 400 bps), 10/2/28 | 1,645,366 | ||||
| 1,596,322 | First Student Bidco Inc., Initial Term B Loan, 6.892% (Term SOFR + 250 bps), 7/21/28 | 1,601,810 | ||||
| 488,174 | First Student Bidco Inc., Initial Term C Loan, 6.892% (Term SOFR + 250 bps), 7/21/28 | 489,852 | ||||
| Total Transportation Services | $4,736,436 | |||||
| Transport-Rail — 0.6% | ||||||
| 1,987,441 | Genesee & Wyoming Inc., Initial Term Loan, 6.079% (Term SOFR + 175 bps), 4/10/31 | $ 1,987,524 | ||||
| Total Transport-Rail | $1,987,524 | |||||
| Veterinary Diagnostics — 0.2% | ||||||
| 626,008 | Southern Veterinary Partners LLC, 2024-3 First Lien New Term Loan, 7.715% (Term SOFR + 325 bps), 12/4/31 | $ 631,535 | ||||
| Total Veterinary Diagnostics | $631,535 | |||||
| Total Senior Secured Floating Rate Loan Interests (Cost $284,904,962) | $281,621,910 | |||||
| Shares | Value | |||||
| Common Stocks — 0.3% of Net Assets | ||||||
| Construction & Engineering — 0.0%† | ||||||
| 26,228(d) | LB New Holdco | $ 111,469 | ||||
| Total Construction & Engineering | $111,469 | |||||
| Healthcare-Services — 0.0% | ||||||
| 396,983(d)+ | Sound Inpatient Physicians Holdings | $ — | ||||
| 17,772(d)+ | Sound Inpatient Physicians, Inc. | — | ||||
| Total Healthcare-Services | $— | |||||
| Metals & Mining — 0.0%† | ||||||
| 3,810 | Flame Co. | $ 15,240 | ||||
| Total Metals & Mining | $15,240 | |||||
| Passenger Airlines — 0.2% | ||||||
| 33,954(d) | Grupo Aeromexico SAB de CV | $ 710,038 | ||||
| Total Passenger Airlines | $710,038 | |||||
| Pharmaceuticals — 0.1% | ||||||
| 14,321(d) | Endo, Inc. | $ 378,074 | ||||
| Total Pharmaceuticals | $378,074 | |||||
| Total Common Stocks (Cost $1,352,678) | $1,214,821 | |||||
| Principal Amount USD ($) | ||||||
| Asset Backed Securities — 1.7% of Net Assets | ||||||
| 1,000,000(a) | 522 Funding CLO, Ltd., Series 2019-5A, Class ER, 11.062% (3 Month Term SOFR + 676 bps), 4/15/35 (144A) | $ 999,574 | ||||
| 1,000,000(a) | AB BSL CLO 1, Ltd., Series 2020-1A, Class ER, 11.162% (3 Month Term SOFR + 686 bps), 1/15/35 (144A) | 1,008,644 | ||||
| 1,000,000(a) | AGL CLO 17, Ltd., Series 2022-17A, Class E, 10.643% (3 Month Term SOFR + 635 bps), 1/21/35 (144A) | 996,250 | ||||
| 1,000,000(a) | Crown Point CLO 11, Ltd., Series 2021-11A, Class E, 11.374% (3 Month Term SOFR + 707 bps), 1/17/34 (144A) | 999,144 | ||||
| Principal Amount USD ($) | Value | |||||
| Asset Backed Securities — (continued) | ||||||
| 1,000,000(a) | Dryden 41 Senior Loan Fund, Series 2015-41A, Class DR, 7.164% (3 Month Term SOFR + 286 bps), 4/15/31 (144A) | $ 1,000,490 | ||||
| 1,000,000(a) | Madison Park Funding XXIX LTD, Series 2018-29A, Class D, 7.555% (3 Month Term SOFR + 326 bps), 10/18/30 (144A) | 1,005,320 | ||||
| Total Asset Backed Securities (Cost $5,975,411) | $6,009,422 | |||||
| Commercial Mortgage-Backed Securities—0.2% of Net Assets | ||||||
| 420,000(a) | BX Trust, Series 2022-PSB, Class F, 11.639% (1 Month Term SOFR + 733 bps), 8/15/39 (144A) | $ 424,198 | ||||
| 74,237(a) | FREMF Mortgage Trust, Series 2020-KF74, Class C, 10.892% (SOFR30A + 636 bps), 1/25/27 (144A) | 68,015 | ||||
| 105,854(a) | FREMF Mortgage Trust, Series 2020-KF83, Class C, 13.642% (SOFR30A + 911 bps), 7/25/30 (144A) | 100,920 | ||||
| Total Commercial Mortgage-Backed Securities (Cost $602,783) | $593,133 | |||||
| Convertible Corporate Bonds — 0.0%† of Net Assets | ||||||
| Entertainment — 0.0%† | ||||||
| 40,000 | Live Nation Entertainment, Inc., 2.875%, 1/15/30 (144A) | $ 41,640 | ||||
| Total Entertainment | $41,640 | |||||
| Total Convertible Corporate Bonds (Cost $40,000) | $41,640 | |||||
| Corporate Bonds — 4.7% of Net Assets | ||||||
| Advertising — 0.1% | ||||||
| 265,000 | Clear Channel Outdoor Holdings, Inc., 7.50%, 6/1/29 (144A) | $ 235,938 | ||||
| Total Advertising | $235,938 | |||||
| Auto Parts & Equipment — 0.1% | ||||||
| 250,000 | Adient Global Holdings, Ltd., 7.00%, 4/15/28 (144A) | $ 253,306 | ||||
| Total Auto Parts & Equipment | $253,306 | |||||
| Banks — 0.6% | ||||||
| 500,000(e) | Citizens Financial Group, Inc., 6.645% (SOFR + 233 bps), 4/25/35 | $ 529,336 | ||||
| Principal Amount USD ($) | Value | |||||
| Banks — (continued) | ||||||
| 1,000,000 | KeyBank N.A., 4.90%, 8/8/32 | $ 950,041 | ||||
| 500,000(e) | UniCredit S.p.A., 5.861% (5 Year USD Swap Rate + 370 bps), 6/19/32 (144A) | 500,231 | ||||
| Total Banks | $1,979,608 | |||||
| Chemicals — 0.2% | ||||||
| 250,000 | Element Solutions, Inc., 3.875%, 9/1/28 (144A) | $ 238,618 | ||||
| 610,000 | Tronox, Inc., 4.625%, 3/15/29 (144A) | 552,447 | ||||
| Total Chemicals | $791,065 | |||||
| Commercial Services — 0.8% | ||||||
| 500,000 | Allied Universal Holdco LLC/Allied Universal Finance Corp., 9.75%, 7/15/27 (144A) | $ 503,151 | ||||
| 500,000 | Allied Universal Holdco LLC/Allied Universal Finance Corp./Atlas Luxco 4 S.a.r.l., 4.625%, 6/1/28 (144A) | 476,715 | ||||
| 1,000,000 | EquipmentShare.com, Inc., 8.00%, 3/15/33 (144A) | 1,039,436 | ||||
| 1,000,000 | NESCO Holdings II, Inc., 5.50%, 4/15/29 (144A) | 945,164 | ||||
| Total Commercial Services | $2,964,466 | |||||
| Diversified Financial Services — 0.1% | ||||||
| 440,000 | Nationstar Mortgage Holdings, Inc., 5.50%, 8/15/28 (144A) | $ 431,972 | ||||
| Total Diversified Financial Services | $431,972 | |||||
| Electric — 0.5% | ||||||
| 1,250,000 | Clearway Energy Operating LLC, 3.75%, 2/15/31 (144A) | $ 1,106,822 | ||||
| 500,000 | Vistra Operations Co. LLC, 4.375%, 5/1/29 (144A) | 474,514 | ||||
| Total Electric | $1,581,336 | |||||
| Healthcare-Services — 0.3% | ||||||
| 145,000 | Molina Healthcare, Inc., 4.375%, 6/15/28 (144A) | $ 139,377 | ||||
| 845,000 | US Acute Care Solutions LLC, 9.75%, 5/15/29 (144A) | 859,284 | ||||
| Total Healthcare-Services | $998,661 | |||||
| Internet — 0.3% | ||||||
| 1,000,000 | Acuris Finance US, Inc./Acuris Finance S.a.r.l., 9.00%, 8/1/29 (144A) | $ 998,990 | ||||
| Total Internet | $998,990 | |||||
| Iron & Steel — 0.1% | ||||||
| 260,000 | TMS International Corp., 6.25%, 4/15/29 (144A) | $ 246,129 | ||||
| Total Iron & Steel | $246,129 | |||||
| Principal Amount USD ($) | Value | |||||
| Leisure Time — 0.1% | ||||||
| 240,000 | NCL Corp., Ltd., 8.125%, 1/15/29 (144A) | $ 254,846 | ||||
| Total Leisure Time | $254,846 | |||||
| Media — 0.1% | ||||||
| 400,000 | CSC Holdings LLC, 11.75%, 1/31/29 (144A) | $ 398,035 | ||||
| Total Media | $398,035 | |||||
| Oil & Gas — 0.3% | ||||||
| 1,000,000 | Hilcorp Energy I LP/Hilcorp Finance Co., 6.875%, 5/15/34 (144A) | $ 964,492 | ||||
| Total Oil & Gas | $964,492 | |||||
| Packaging & Containers — 0.3% | ||||||
| 1,000,000 | Sealed Air Corp., 6.50%, 7/15/32 (144A) | $ 1,015,961 | ||||
| Total Packaging & Containers | $1,015,961 | |||||
| Pipelines — 0.2% | ||||||
| 330,000 | CQP Holdco LP/BIP-V Chinook Holdco LLC, 7.50%, 12/15/33 (144A) | $ 348,440 | ||||
| 500,000 | Venture Global Calcasieu Pass LLC, 3.875%, 8/15/29 (144A) | 462,514 | ||||
| Total Pipelines | $810,954 | |||||
| REITs — 0.2% | ||||||
| 750,000 | Uniti Group LP/Uniti Group Finance 2019, Inc./CSL Capital LLC, 10.50%, 2/15/28 (144A) | $ 801,887 | ||||
| Total REITs | $801,887 | |||||
| Retail — 0.1% | ||||||
| 295,000 | Beacon Roofing Supply, Inc., 4.125%, 5/15/29 (144A) | $ 288,487 | ||||
| 205,000 | Macy's Retail Holdings LLC, 5.875%, 4/1/29 (144A) | 200,823 | ||||
| Total Retail | $489,310 | |||||
| Software — 0.3% | ||||||
| 1,000,000 | Cloud Software Group, Inc., 6.50%, 3/31/29 (144A) | $ 982,989 | ||||
| Total Software | $982,989 | |||||
| Total Corporate Bonds (Cost $16,044,435) | $16,199,945 | |||||
| Shares | Value | |||||
| Right/Warrant — 0.0%† of Net Assets | ||||||
| Trading Companies & Distributors — 0.0%† | ||||||
| GBP17,500(d) | Avation Plc, 1/1/59 | $ 11,934 | ||||
| Total Trading Companies & Distributors | $11,934 | |||||
| Total Right/Warrant (Cost $—) | $11,934 | |||||
| Principal Amount USD ($) | ||||||
| Insurance-Linked Securities — 1.2% of Net Assets# | ||||||
| Event Linked Bonds — 1.2% | ||||||
| Flood – U.S. — 0.1% | ||||||
| 250,000(a) | FloodSmart Re, 21.434%, (1 Month U.S. Treasury Bill + 1,715 bps), 3/11/26 (144A) | $ 255,475 | ||||
| Health – U.S. — 0.1% | ||||||
| 250,000(a) | Vitality Re XIII, 6.284%, (3 Month U.S. Treasury Bill + 200 bps), 1/6/26 (144A) | $ 249,175 | ||||
| 250,000(a) | Vitality Re XIV, 7.784%, (3 Month U.S. Treasury Bill + 350 bps), 1/5/27 (144A) | 253,050 | ||||
| $502,225 | ||||||
| Multiperil – U.S. — 0.6% | ||||||
| 250,000(a) | Bonanza Re, 8.034%, (3 Month U.S. Treasury Bill + 375 bps), 12/19/27 (144A) | $ 249,025 | ||||
| 250,000(a) | Matterhorn Re, 9.627%, (SOFR + 525 bps), 3/24/25 (144A) | 251,000 | ||||
| 250,000(a) | Matterhorn Re, 12.127%, (SOFR + 775 bps), 3/24/25 (144A) | 251,000 | ||||
| 250,000(a) | Residential Re, 10.334%, (3 Month U.S. Treasury Bill + 605 bps), 12/6/25 (144A) | 245,775 | ||||
| 250,000(a) | Sanders Re, 8.284%, (3 Month U.S. Treasury Bill + 400 bps), 4/7/29 (144A) | 250,225 | ||||
| 250,000(a) | Sanders Re, 9.534%, (3 Month U.S. Treasury Bill + 525 bps), 4/7/29 (144A) | 249,775 | ||||
| 250,000(a) | Sanders Re II, 7.284%, (3 Month U.S. Treasury Bill + 300 bps), 4/7/25 (144A) | 248,750 | ||||
| 250,000(a) | Sanders Re III, 7.694%, (3 Month U.S. Treasury Bill + 341 bps), 4/7/26 (144A) | 246,625 | ||||
| $1,992,175 | ||||||
| Principal Amount USD ($) | Value | |||||
| Multiperil – U.S. & Canada — 0.1% | ||||||
| 250,000(a) | Kilimanjaro II Re, 10.534%, (3 Month U.S. Treasury Bill + 625 bps), 6/30/28 (144A) | $ 264,150 | ||||
| 250,000(a) | Kilimanjaro II Re, 11.534%, (3 Month U.S. Treasury Bill + 725 bps), 6/30/28 (144A) | 265,300 | ||||
| $529,450 | ||||||
| Multiperil – U.S. Regional — 0.1% | ||||||
| 250,000(a) | Long Point Re IV, 8.534%, (3 Month U.S. Treasury Bill + 425 bps), 6/1/26 (144A) | $ 252,875 | ||||
| Windstorm – Florida — 0.0%† | ||||||
| 250,000(a) | Integrity Re, 11.114%, (3 Month U.S. Treasury Bill + 683 bps), 6/6/25 (144A) | $ 25,000 | ||||
| Windstorm – North Carolina — 0.0%† | ||||||
| 250,000(a) | Cape Lookout Re, 13.874%, (3 Month U.S. Treasury Bill + 959 bps), 3/28/25 (144A) | $ 252,000 | ||||
| Windstorm – U.S. Northeast — 0.1% | ||||||
| 250,000(a) | 3264 Re, 11.284%, (3 Month U.S. Treasury Bill + 700 bps), 7/8/27 (144A) | $ 267,100 | ||||
| Windstorm – U.S. Regional — 0.1% | ||||||
| 250,000(a) | Commonwealth Re, 8.047%, (3 Month U.S. Treasury Bill + 376 bps), 7/8/25 (144A) | $ 252,925 | ||||
| Total Event Linked Bonds | $4,329,225 | |||||
| Face Amount USD ($) | |||||||
| Reinsurance Sidecars — 0.0%† | |||||||
| Multiperil – U.S. — 0.0%† | |||||||
| 400,000(d)(f)+ | Harambee Re 2018, 12/31/25 | $ 240 | |||||
| 400,000(f)+ | Harambee Re 2019, 12/31/25 | — | |||||
| $240 | |||||||
| Multiperil – Worldwide — 0.0%† | |||||||
| 19,715(f)+ | Alturas Re 2022-2, 12/31/27 | $ 1,102 | |||||
| Total Reinsurance Sidecars | $1,342 | ||||||
| Total Insurance-Linked Securities (Cost $4,502,991) | $4,330,567 | ||||||
| Shares | Value | |||||
| Investment Companies — 2.9% of Net Assets | ||||||
| 328,600 | Invesco Senior Loan ETF | $ 6,917,030 | ||||
| 75,000 | SPDR Blackstone Senior Loan ETF | 3,147,000 | ||||
| Total Investment Companies (Cost $10,080,548) | $10,064,030 | |||||
| Principal Amount USD ($) | ||||||
| SHORT TERM INVESTMENTS — 10.0% of Net Assets | ||||||
| Repurchase Agreements — 2.9% | ||||||
| 10,000,000 | Bank of America, 4.34%, dated 1/31/25, to be purchased on 2/3/25 for $10,003,617, collateralized by $10,200,046, U.S. Treasury Inflation-Protected Security, 0.88%, 1/15/29 | $ 10,000,000 | ||||
| $10,000,000 | ||||||
| Shares | ||||||
| Open-End Fund — 7.1% | ||||||
| 24,602,655(g) | Dreyfus Government Cash Management, Institutional Shares, 4.26% | $ 24,602,655 | ||||
| $24,602,655 | ||||||
| TOTAL SHORT TERM INVESTMENTS (Cost $34,602,655) | $34,602,655 | |||||
| TOTAL INVESTMENTS IN UNAFFILIATED ISSUERS — 102.2% (Cost $358,106,463) | $354,690,057 | |||||
| OTHER ASSETS AND LIABILITIES — (2.2)% | $(7,804,592) | |||||
| net assets — 100.0% | $346,885,465 | |||||
| bps | Basis Points. |
| FREMF | Freddie Mac Multifamily Fixed-Rate Mortgage Loans. |
| LIBOR | London Interbank Offered Rate. |
| REIT | Real Estate Investment Trust. |
| SOFR | Secured Overnight Financing Rate. |
| SOFR30A | Secured Overnight Financing Rate 30 Day Average. |
| (144A) | The resale of such security is exempt from registration under Rule 144A of the Securities Act of 1933. Such securities may be resold normally to qualified institutional buyers. At January 31, 2025, the value of these securities amounted to $25,693,988, or 7.4% of net assets. |
| (a) | Floating rate note. Coupon rate, reference index and spread shown at January 31, 2025. |
| (b) | All or a portion of this senior loan position has not settled. Rates do not take effect until settlement date. Rates shown, if any, are for the settled portion. |
| (c) | Security is in default. |
| (d) | Non-income producing security. |
| (e) | The interest rate is subject to change periodically. The interest rate and/or reference index and spread shown at January 31, 2025. |
| (f) | Issued as preference shares. |
| (g) | Rate periodically changes. Rate disclosed is the 7-day yield at January 31, 2025. |
| * | Senior secured floating rate loan interests in which the Fund invests generally pay interest at rates that are periodically re-determined by reference to a base lending rate plus a premium. These base lending rates are generally (i) the lending rate offered by one or more major European banks, such as LIBOR or SOFR, (ii) the prime rate offered by one or more major United States banks, (iii) the rate of a certificate of deposit or (iv) other base lending rates used by commercial lenders. The interest rate shown is the rate accruing at January 31, 2025. |
| + | Security is valued using significant unobservable inputs (Level 3). |
| † | Amount rounds to less than 0.1%. |
| # | Securities are restricted as to resale. |
| Restricted Securities | Acquisition date | Cost | Value |
| 3264 Re | 6/24/2024 | $250,000 | $267,100 |
| Alturas Re 2022-2 | 4/11/2023 | — | 1,102 |
| Bonanza Re | 12/16/2024 | 250,000 | 249,025 |
| Cape Lookout Re | 3/16/2022 | 250,000 | 252,000 |
| Commonwealth Re | 6/15/2022 | 250,000 | 252,925 |
| FloodSmart Re | 2/23/2023 | 250,000 | 255,475 |
| Harambee Re 2018 | 12/19/2017 | 6,949 | 240 |
| Harambee Re 2019 | 12/20/2018 | — | — |
| Integrity Re | 5/9/2022 | 250,000 | 25,000 |
| Kilimanjaro II Re | 6/24/2024 | 250,000 | 264,150 |
| Kilimanjaro II Re | 6/24/2024 | 250,000 | 265,300 |
| Long Point Re IV | 5/13/2022 | 250,000 | 252,875 |
| Matterhorn Re | 3/10/2022 | 250,000 | 251,000 |
| Matterhorn Re | 3/10/2022 | 250,000 | 251,000 |
| Residential Re | 10/28/2021 | 250,000 | 245,775 |
| Sanders Re | 12/10/2024 | 250,000 | 250,225 |
| Sanders Re | 12/10/2024 | 250,000 | 249,775 |
| Sanders Re II | 11/23/2021 | 250,000 | 248,750 |
| Sanders Re III | 3/22/2022 | 250,000 | 246,625 |
| Restricted Securities | Acquisition date | Cost | Value |
| Vitality Re XIII | 3/6/2023 | $246,042 | $249,175 |
| Vitality Re XIV | 1/25/2023 | 250,000 | 253,050 |
| Total Restricted Securities | $4,330,567 | ||
| % of Net assets | 1.2% |
| Currency Purchased | In Exchange for | Currency Sold | Deliver | Counterparty | Settlement Date | Unrealized Appreciation |
| USD | 739,624 | MXN | 15,183,481 | Bank of America NA | 3/27/25 | $13,344 |
| TOTAL FORWARD FOREIGN CURRENCY EXCHANGE CONTRACTS | $13,344 | |||||
| GBP — Great British Pound |
| MXN — Mexican Peso |
| USD — United States Dollar |
| Level 1 | – | unadjusted quoted prices in active markets for identical securities. |
| Level 2 | – | other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risks, etc.). |
| Level 3 | – | significant unobservable inputs (including the Adviser’s own assumptions in determining fair value of investments). |
| Level 1 | Level 2 | Level 3 | Total | |
| Senior Secured Floating Rate Loan Interests | $— | $281,621,910 | $— | $281,621,910 |
| Common Stocks | ||||
| Healthcare-Services | — | — | —* | —* |
| Pharmaceuticals | 378,074 | — | — | 378,074 |
| All Other Common Stocks | — | 836,747 | — | 836,747 |
| Asset Backed Securities | — | 6,009,422 | — | 6,009,422 |
| Commercial Mortgage-Backed Securities | — | 593,133 | — | 593,133 |
| Convertible Corporate Bonds | — | 41,640 | — | 41,640 |
| Corporate Bonds | — | 16,199,945 | — | 16,199,945 |
| Right/Warrant | 11,934 | — | — | 11,934 |
| Level 1 | Level 2 | Level 3 | Total | |
| Insurance-Linked Securities | ||||
| Reinsurance Sidecars | ||||
| Multiperil – U.S. | $— | $— | $240 | $240 |
| Multiperil – Worldwide | — | — | 1,102 | 1,102 |
| All Other Insurance-Linked Securities | — | 4,329,225 | — | 4,329,225 |
| Investment Companies | 10,064,030 | — | — | 10,064,030 |
| Repurchase Agreements | — | 10,000,000 | — | 10,000,000 |
| Open-End Fund | 24,602,655 | — | — | 24,602,655 |
| Total Investments in Securities | $35,056,693 | $319,632,022 | $1,342 | $354,690,057 |
| Other Financial Instruments | ||||
| Net unrealized appreciation on forward foreign currency exchange contracts | $— | $13,344 | $— | $13,344 |
| Total Other Financial Instruments | $— | $13,344 | $— | $13,344 |
| * | Securities valued at $0. |