PGIM Credit Income Fund (Interval Fund) (PGIWX)
$
)
Seeks total return, through a combination of current income and capital appreciation.
FUND INFORMATION
Fund Statistics
|
Name
|
Weight
|
|---|---|
| Average Maturity (years) | 8.5 |
| Duration (years) | 2.6 |
Investing in the PGIM Credit Income Fund (the “Fund”) involves risks, including the risk that a shareholder may receive little or no return on his or her investment or that a shareholder may lose part or all of his or her investment. The Fund should be considered a speculative investment that entails substantial risks, and a prospective investor should invest in the Fund only if they can sustain a complete loss of their investment. Investors should consider carefully the risks before investing in the Fund. Below is a summary of some of the principal risks of investing in the Fund:
• Limited History of Operations, as the Fund is a diversified, closed-end management investment company with a limited history of operations or public trading and is subject to all of the business risks and uncertainties associated with any new business;
• General, Market and Economic Risks which involves certain risks and the Fund may not be able to achieve its intended results for a variety of reasons, including, among others, the possibility that the Fund may not be able to successfully implement its investment strategy because of market, economic, regulatory, geopolitical and other conditions (including those associated with COVID-19 or other infectious disease outbreaks);
• Repurchase Offers Risk in which the Fund is an “interval fund” and, in order to provide liquidity to shareholders, the Fund, subject to applicable law, will conduct quarterly repurchase offers of the Fund’s outstanding common shares of beneficial interest (“Common Shares”) at NAV. There is no secondary market for the fund’s shares and none is expected to develop. Investors should consider shares of the fund to be an illiquid investment;
• Illiquid Investment Risk, to the extent consistent with the applicable liquidity requirements for interval funds under Rule 23c-3 of the Investment Company Act of 1940 (the “1940 Act”), the Fund may invest without limit in illiquid securities;
• Distributions Risk, as there can be no assurance that the Fund will achieve investment results that will allow the Fund to make a specified level of cash distributions or maintain certain levels of cash distributions. Distributions may constitute return of capital and may reduce an investor’s adjusted tax basis. Any capital returned through distributions will be distributed after payment of fees and expenses;
• Liquidity Risk, as the Fund is designed primarily for long-term investors and an investment in the Fund’s Common Shares should be considered illiquid;
• Valuation Risk, as the value of certain of the Fund’s investments will be difficult to determine and the valuation determinations made by the Manager and Subadviser with respect to such investments will likely vary from the amounts the Fund would receive upon sale or disposition of such investments;
• Loans Risk, since the Fund’s ability to receive payments of principal and interest and other amounts in connection with loans (whether through participations, assignments or otherwise) will depend primarily on the financial condition of the borrower;
• Loan Origination Risk, as the level of analytical sophistication, both financial and legal, necessary for successful financing to companies, particularly companies experiencing significant business and financial difficulties, is high;
• Mortgage-Backed and Asset-Backed Securities Risk, as mortgage-backed securities are particularly susceptible to prepayment and extension risks, because prepayments on the underlying mortgages tend to increase when interest rates fall
and decrease when interest rates rise;
• Structured Products Risk, as holders of structured product securities bear risks of the underlying investments, index or reference obligation;
• Fixed Income Instruments Risk, as fixed income instruments are subject to a number of risks, including issuer risk, interest rate risk, floating-rate and fixed-to-floating-rate risk, prepayment risk, extension risk, reinvestment risk, spread risk and credit risk;
• Distressed and Defaulted Obligations Risk, as the below investment grade securities in which the Fund may invest also include, distressed, defaulted and partially defaulted loans.
• Below Investment Grade (High Yield or Junk Bond) Instruments Risk, as the Fund’s investments in below investment grade quality securities and instruments are regarded as having predominantly speculative characteristics with respect to the issuer’s capacity to pay interest and repay principal in accordance with the terms of the obligations and involve major risk exposure to adverse conditions;
• Subprime Risk, as loans and debt instruments collateralized by loans acquired by the Fund may be, or may become, subprime in quality.
• Inflation Risk, as wages and prices of inputs increasing during periods of inflation may negatively impact returns on the Fund’s investments.
• Derivatives Risk, as the Fund may invest in derivative instruments, such as options contracts, futures contracts, options on futures contracts, indexed securities, credit linked notes, credit default swaps and other swap agreements for investment, hedging and risk management purposes;
• Leverage Risk, as the Fund may utilize leverage, but there can be no assurance that the Fund will do so, or that, if utilized, it will be successful during any period in which it is employed. Leverage is a speculative technique that exposes the Fund to greater risk and higher costs than if it were not implemented;
• Allocation of Investment Opportunities Risk, since certain other existing or future funds, investment vehicles and accounts managed by the Manager and its affiliates and PGIM affiliated proprietary entities invest in securities, properties and other assets in which the Fund may seek to invest;
• “Covenant-Lite” Risk, as some of the debt obligations, loans or other securities in which the Fund may invest or get exposure to may be “covenant-lite”, which means the loans or obligations contain fewer financial maintenance covenants than other loans or obligations (in some cases, none).
• Repurchase Agreement Risk, as repurchase agreements could involve certain risk in the event of default or insolvency of the seller, including losses and possible delays or restrictions upon the Fund’s ability to dispose of the underlying securities.
• U.S. Government and Agency Securities Risk, as U.S. Government and agency securities are subject to market risk, interest rate risk and credit risk. Not all U.S. Government securities are insured or guaranteed by the full faith and credit of the U.S. Government; some are only insured or guaranteed by the issuing agency, which must rely on its own resources to repay the debt.
• Privately Issued Mortgage-Related Securities Risk, as there are no direct or indirect government or agency guarantees of payments in pools created by non-governmental issuers. Privately issued mortgage-related securities are also not subject to the same underwriting requirements for the underlying mortgages that are applicable to those mortgage-related securities that have a government or government-sponsored entity guarantee.
• Confidential Information Access Risk, as the Fund’s subadviser may from time to time have the opportunity to receive material, non-public information about the issuers of certain investments, including, without limitation, senior floating rate loans, other loans and related investments being considered for acquisition by the Fund or held in the Fund’s portfolio.
• Private Placements Risk, as any securities received by the Fund in a private placement generally are subject to strict restrictions on resale, and there may be no liquid secondary market or ready purchaser for such securities.
• Non-U.S. Investment Risks, as the Fund may invest in non-U.S. investments, which may include investments denominated in U.S. dollars or in non-U.S. currencies, to the extent permitted by the 1940 Act.
• Leveraged Portfolio Company Risk, as investments in leveraged companies involve a higher degree of risk than non-leveraged companies as a result of recessions, operating problems and other general business and economic risks that may have a more pronounced effect on the profitability or survival of such companies.
• Private Company Investments Risk, as investments in private companies involve risks that may not exist in the case of more established and/or publicly traded companies, including risks that these companies may have limited financial resources and limited access to additional financing, frequently have shorter operating histories, narrower product lines and smaller market shares than larger businesses, and have less information publicly available as would be available for public companies.
• Senior Loans Risk, as senior secured debt may also include second and third lien senior secured debt, each of which involves a higher degree of risk of a loss of capital as compared to debt of an earlier lien.
• Follow-On Investment Risk, as the Fund may be called upon to provide additional funding for its portfolio companies or have the opportunity to increase its investment in such portfolio companies and any decision by the Fund not to make follow-on investments or its inability to make them may have a substantial negative impact on a portfolio company in need of such an investment.
• Syndication of Co-Investments Risk, as the Fund may make an investment with the expectation of offering a portion of its interests therein as a co-investment opportunity to third-party investors. In the event that the Fund is not successful in syndicating any such co-investment, the Fund may consequently hold a greater concentration and have more exposure in the related investment than initially was intended, which could make the Fund more susceptible to fluctuations in value resulting from adverse economic and/or business conditions with respect thereto.
• Affiliated Transactions Risk, as the Manager or the Subadvisers may determine that the Fund not participate in certain co-investment transactions permitted under exemptive relief received from the SEC, and for certain other transactions the Manager may not have the opportunity to cause the Fund to participate.
• Potential Conflicts of Interest Risk, as the Manager and the Fund’s portfolio managers may devote unequal time and attention to the management of the Fund and other vehicles advised by the Manager or Subadvisers that have the same or similar investment objectives and investment strategies to those of the Fund.
Diversification does not assure a profit or protect against loss in declining markets. These risks may increase the Fund’s share price volatility. The risks associated with the Fund are more fully explained in the prospectus. There is no guarantee the Fund’s investment objective will be achieved.
- Monthly & Quarterly Performance
- Prices & Yields
Total Returns (%)
| TOTAL RETURNS (%) WITH SALES CHARGE WITHOUT SALES CHARGE | |||||||
|---|---|---|---|---|---|---|---|
| Cumulative | Average Annual | ||||||
| Class | Ticker | YTD | 1-Yr | 3-Yr | 5-Yr | 10-Yr | Since Inception |
Past performance does not guarantee future results and current performance may be lower or higher than the past performance data quoted. The investment return and principal value will fluctuate, and shares, when sold, may be worth more or less than the original cost.
See Daily Returns for the PGIM Credit Income Fund.
See Performance of other PGIM Investments Mutual Funds.
See Calendar Year Performance for the PGIM Credit Income Fund.
See Daily Returns for the PGIM Credit Income Fund.
See Quarterly SEC Standardized Performance of other PGIM Investments Mutual Funds.
See Calendar Year Performance for the PGIM Credit Income Fund.
|
Fund Expenses
|
Maximum sales charge (%)
|
|||
|---|---|---|---|---|
|
Class
|
Gross (%)
|
Net (%)
|
Date*
|
|
| A | 647.90 | 4.02 | 12/06/2029 | 2.5% |
| C | 619.10 | 4.27 | 12/06/2029 | — |
| Z | 3.57 | 3.27 | 12/06/2029 | — |
*This date represents the contractual reduction date through which the net expense ratio is in effect.
Total return describes the return to the investor after net operating expenses but before any sales charges are imposed. Morningstar Category Average is unmanaged, is based on the average return of all funds in this category, and does not take into consideration applicable sales charges. Unless noted otherwise, Morningstar Category Average and index returns reflect performance beginning the closest month-end date to the Fund's inception. Benchmark since inception average is based on Class Z inception date. SEC standardized return describes the return to the investor after net operating expense and maximum sales charges are imposed. All returns assume share price changes as well as the compounding effect of reinvested dividends and capital gains. Returns may reflect fee waivers and/or expense reimbursements. Without such, returns would be lower. All returns 1-year or less are cumulative.
Morningstar Private Debt - General Category Average: Private debt - general funds are debt funds that have at least 15% of their assets in illiquid securities, with a focus on debt that has been extended to private companies. Funds holding a variety of types of debt can reside here, including mezzanine, real estate, distressed, infrastructure, venture debt, leveraged loans, collateralized loan obligations, and direct lending, and others. However, funds that primarily focus on direct lending are classified elsewhere in a dedicated category.
An investment cannot be made directly in an index or average. All indexes and averages are unmanaged.
Prices
|
Class
|
NAV ($)
|
NAV Change ($)
|
NAV Change (%)
|
POP ($)
|
Total Net Assets ($)
|
|---|---|---|---|---|---|
| A | 24.43 |
-0.06
|
-0.24 | 25.19 | 10,226.01 |
| C | 24.50 |
-0.06
|
-0.24 | — | 10,215.40 |
| Z | 24.53 |
-0.06
|
-0.24 | — | 125,687,805.48 |
NAV (Net Asset Value) is the $U.S. value of a single share of a fund, excluding any sales charges. Change shows the change in $U.S. value over the previous day:
= Gain, 
= Loss, 
= No Change.
See Prices of other PGIM Investments Mutual Funds.
52 Week High/Low
|
Class
|
52 Week High ($)
|
52 Week High Date
|
52 Week Low ($)
|
52 Week Low Date
|
|---|---|---|---|---|
| A | 25.03 | 09/15/2025 | 24.20 | 03/31/2026 |
| C | 25.10 | 09/15/2025 | 24.27 | 03/31/2026 |
| Z | 25.13 | 08/28/2025 | 24.29 | 03/31/2026 |
For share classes less than one year old, the 52-week high and 52-week low NAVs are calculated from inception to the current date.
See Yields of other PGIM Investments Mutual Funds.
Past performance does not guarantee future results and current performance may be lower or higher than the past performance data quoted. The investment return and principal value will fluctuate, and shares, when sold, may be worth more or less than the original cost.
- Portfolio Summary
- Complete Holdings
Portfolio Attributes
Credit Quality (% of Assets)
|
Credit Quality
|
% of Assets
|
|---|---|
| AAA | 0.2% |
| AA | 1.3% |
| A | 5.1% |
| BBB | 19.5% |
| BB | 36.2% |
| B | 29.2% |
| CCC | 3.1% |
| Not Rated | 21.2% |
| Cash/Equiv | -15.9% |
Sector Breakdown (% of Assets)
|
Sector Breakdown
|
% of Assets
|
|---|---|
| Securitized Products | 37.2% |
| Commercial MBS | 14.3% |
| Private ABF | 11.3% |
| CLO | 8.6% |
| Other ABS | 1.5% |
| Non Agency MBS | 1.5% |
| High Yield | 27.7% |
| Bank Loans | 23.9% |
| Direct Lending | 15.7% |
| Emerging Markets | 6.6% |
| Investment Grade Corporate | 4.7% |
| U.S. Govt Related | 0.2% |
| Cash and Equivalents | -15.9% |
Fund Statistics
| Average Maturity (years) | 8.5 |
|---|---|
| Duration (years) | 2.6 |
All data is unaudited and subject to change. Holdings/allocations may vary. Total number of holdings based on issuers. Largest holdings excludes cash, cash equivalents, money market funds and enhanced cash strategies. This is not a recommendation to buy or sell any security listed. Largest holdings exclude cash, cash equivalents, money market funds and enhanced cash strategies. Negative holdings reflect outstanding trades at period end.
Fund Holdings
Holdings are unaudited, may vary and are subject to change. Please refer to the Fund's annual report for audited holdings information. This is not a recommendation to buy or sell any security listed.
Value ($): Cash securities are calculated using market value and derivative securities are calculated using notional value.
Source: Bank of New York Mellon. Holdings are provided to Prudential Financial by the custodian bank and Prudential Financial is not responsible for any errors or omissions related to the holdings data.
© 2026, American Bankers Association. CUSIP Database provided by FactSet Research Systems Inc. All rights reserved.
PGIM Credit is a unit of PGIM, Inc., a registered investment advisor. PGIM Limited acts as a subadvisor to all fixed income funds. PGIM Limited is an indirect, wholly-owned subsidiary of PGIM, Inc. (“PGIM”), the principal asset management business of Prudential Financial, Inc. (“PFI”), a company incorporated and with its principal place of business in the United States. All are Prudential Financial affiliates. PGIM is the principal asset management business of Prudential Financial, Inc. (PFI), and a trading name of PGIM, Inc. and its global subsidiaries and affiliates.
4072323 Ed. 12/2024
|
Security ID# (CUSIP/SEDOL)
|
Security Description
|
Ticker Symbol
|
Coupon Rate
|
Maturity Date
|
Shares/Notional
|
Value ($)
|
% of Portfolio
|
|---|---|---|---|---|---|---|---|
| 74440E201 | PGIM Core Ultra Short Bond Fund | — | 3.87 | 12/01/2099 | 9,539,584.00 | 9,539,584.00 | 7.33 |
| 92840MAC6 | Vistra Corp | VST | 7.0 | 06/15/2174 | 2,300,000.00 | 2,305,504.00 | 1.77 |
| 629377CU4 | NRG Energy Inc | NRG | 10.25 | 09/15/2174 | 1,800,000.00 | 1,951,186.00 | 1.50 |
| B8AC6L2G5 | Hurricane Cleanco Limited | — | 6.25 | 10/31/2029 | 1,362,866.00 | 1,918,501.00 | 1.47 |
| XS28110889 | Monument Clo 1 Dac | MNMNT | 6.33 | 05/15/2037 | 1,500,000.00 | 1,767,006.00 | 1.36 |
| XS26150064 | Monitchem Holdco 3 Sa | CABBCO | 8.75 | 05/01/2028 | 1,445,000.00 | 1,700,113.00 | 1.31 |
| 69391NAA9 | PMT Credit Risk Transfer Trust 2024-2r | PMTCR | 7.0 | 03/29/2027 | 1,669,658.00 | 1,681,995.00 | 1.29 |
| 73015AAA5 | PMT Credit Risk Transfer Trust 2024-1r | PMTCR | 7.15 | 02/25/2052 | 1,660,268.00 | 1,673,631.00 | 1.29 |
| 076912AA2 | Beignet Investor Llc | RPLDCI | 6.58 | 05/30/2049 | 1,599,000.00 | 1,654,564.00 | 1.27 |
| 25470MAG4 | DISH Network Corp | DISH | 11.75 | 11/15/2027 | 1,525,000.00 | 1,573,077.00 | 1.21 |
| 98877JAG7 | Z CApital Credit Partners Bsl Clo 2024-1 | ZBSL | 7.33 | 04/16/2036 | 1,500,000.00 | 1,507,592.00 | 1.16 |
| XS27199989 | EG Global Finance Plc | EGBLFN | 11.0 | 11/30/2028 | 1,085,000.00 | 1,344,275.00 | 1.03 |
| 36267QAA2 | CLUE Opco Llc | FWRD | 9.5 | 10/15/2031 | 1,263,000.00 | 1,293,771.00 | 0.99 |
| B8ADKYD51 | Constellation Automotive Grp Ltd | — | 8.37 | 02/28/2031 | 1,000,000.00 | 1,182,452.00 | 0.91 |
| B8AF7XP35 | Project Cannes - Bayview Itl Npl | — | 4.71 | 01/02/2040 | 1,000,000.00 | 1,173,650.00 | 0.90 |
| XS29045637 | Hayfin Emerald Clo V Dac | HAYEM | 6.14 | 11/17/2037 | 1,000,000.00 | 1,173,715.00 | 0.90 |
| XS32917821 | Nassau Euro Clo Iv Dac | NGCE | 5.09 | 07/20/2038 | 1,000,000.00 | 1,172,225.00 | 0.90 |
| B8AELEUB0 | Nomura Sub Msr Participation | — | 3.65 | 06/27/2027 | 1,143,000.00 | 1,143,000.00 | 0.88 |
| B8ADKY7N9 | Voodoo Sas | — | 7.14 | 04/30/2030 | 1,000,000.00 | 1,150,177.00 | 0.88 |
| 78451FAJ5 | SLG Office Trust 2026-oma | SLG | 6.96 | 04/01/2041 | 1,100,000.00 | 1,105,565.00 | 0.85 |
| B8AEVFY97 | Wedgwood Specialty Pharma Iii | — | 8.44 | 12/31/2032 | 1,107,143.00 | 1,090,535.00 | 0.84 |
| B8AF9A8U2 | Nationwide Acq Tl | — | 8.99 | 10/01/2029 | 1,097,250.00 | 1,089,130.00 | 0.84 |
| B8AFARZY5 | Golden State Buyer Inc | — | 8.91 | 03/31/2031 | 1,100,000.00 | 1,089,000.00 | 0.84 |
| BKLXG54 | Virgin Media Secured Finance Plc | VMED | 4.25 | 01/15/2030 | 875,000.00 | 1,076,823.00 | 0.83 |
| 552953CH2 | MGM Resorts International | MGM | 4.75 | 10/15/2028 | 1,075,000.00 | 1,064,955.00 | 0.82 |
| 12769GAA8 | Caesars Entertainment Inc | CZR | 4.63 | 10/15/2029 | 1,100,000.00 | 1,061,560.00 | 0.82 |
| 04940AAL6 | Atlas Senior Loan Fund Xvi Ltd | ATCLO | 7.64 | 01/20/2034 | 1,100,000.00 | 1,066,118.00 | 0.82 |
| 443628AH5 | Hudbay Minerals Inc | HBMCN | 6.13 | 04/01/2029 | 1,055,000.00 | 1,057,532.00 | 0.81 |
| 74970WAJ9 | ROCK Trust 2024-cntr | ROCC | 8.82 | 11/13/2041 | 1,000,000.00 | 1,046,450.00 | 0.80 |
| 78449RAN5 | SLG Office Trust 2021-ova | SLG | 2.85 | 07/01/2041 | 1,250,000.00 | 1,035,624.00 | 0.80 |
| 92987LAL1 | Wharf Commercial Mortgage Trust 2025-dc | WHARF | 7.98 | 07/01/2040 | 1,000,000.00 | 1,026,471.00 | 0.79 |
| XS30533663 | Taurus 2025-3 Uk Designated Activity Co | TAURS | 7.54 | 07/20/2035 | 750,000.00 | 1,019,175.00 | 0.78 |
| 37186XAY1 | Genesis Sales Finance Master Trust | GSFMT | 6.26 | 12/20/2032 | 1,000,000.00 | 1,004,045.00 | 0.77 |
| 67115PBN4 | OFSI Bsl Xi Ltd | OFSBS | 7.39 | 03/31/2038 | 1,000,000.00 | 997,824.00 | 0.77 |
| 67118VAJ8 | OFSI Bsl Clo Xiii Ltd | OFSBS | 8.18 | 04/20/2037 | 1,000,000.00 | 1,001,562.00 | 0.77 |
| 67120UAN7 | NYC Commercial Mortgage Trust 2025-3bp | NYC | 7.19 | 02/15/2042 | 1,000,000.00 | 1,004,694.00 | 0.77 |
| 06875VAJ9 | Barrow Hanley Clo Iii Ltd | BARHN | 7.83 | 04/20/2037 | 1,000,000.00 | 1,000,000.00 | 0.77 |
| 05613UAJ0 | BX Trust 2025-dime | BX | 6.65 | 02/15/2030 | 1,000,000.00 | 991,250.00 | 0.76 |
| 12433NAJ0 | BX Commercial Mortgage Trust 2026-xl6 | BX | 6.65 | 03/15/2043 | 1,000,000.00 | 993,782.00 | 0.76 |
| 38144GAG6 | Goldman Sachs Group Inc/the | GS | 3.65 | 02/10/2075 | 1,000,000.00 | 995,830.00 | 0.76 |
| 28623MBA6 | Elevation Clo 2021-12 Ltd | AWPT | 9.04 | 04/20/2037 | 1,000,000.00 | 972,624.00 | 0.75 |
| 12433HAJ3 | BX Commercial Mortgage Trust 2025-bcat | BX | 7.15 | 08/15/2042 | 942,864.00 | 946,399.00 | 0.73 |
| B8AEN6KT7 | Branford | — | 3.66 | 06/25/2031 | 947,624.00 | 948,059.00 | 0.73 |
| B8AE093V0 | Parfums De Marly | — | 8.99 | 01/02/2040 | 935,000.00 | 935,000.00 | 0.72 |
| 123912AJ6 | BX Trust 2025-tail | BX | 6.95 | 06/15/2035 | 940,000.00 | 940,009.00 | 0.72 |
| 05555HAN0 | BFLD 2024-wrhs Mortgage Trust | BFLD | 7.34 | 07/15/2039 | 926,997.00 | 927,562.00 | 0.71 |
| 978097AG8 | Wolverine World Wide Inc | WWW | 4.0 | 08/15/2029 | 975,000.00 | 911,060.00 | 0.70 |
| B8AFCNK36 | Mission Critical Grp Llc | — | 8.93 | 10/01/2030 | 904,936.00 | 893,624.00 | 0.69 |
| 23918KAT5 | Davita Inc | DVA | 3.75 | 02/15/2031 | 975,000.00 | 904,631.00 | 0.69 |
| BL5098621 | Brookfield Ppty Ret Hld | BPYU | 7.17 | 05/28/2030 | 892,500.00 | 894,731.00 | 0.69 |
| 05594LAJ3 | BX Commercial Mortgage Trust 2025-jdi | BX | 7.05 | 11/15/2042 | 889,203.00 | 890,314.00 | 0.68 |
| 880349AU9 | Tenneco Inc | TENINC | 8.0 | 11/17/2028 | 875,000.00 | 884,793.00 | 0.68 |
| 12433CAG0 | BX Commercial Mortgage Trust 2024-airc | BX | 6.74 | 08/15/2039 | 867,251.00 | 869,419.00 | 0.67 |
| 109641AK6 | Brinker International Inc | EAT | 8.25 | 07/15/2030 | 825,000.00 | 863,240.00 | 0.66 |
| B8AESWF79 | Lindstrom Llc | — | 9.24 | 12/31/2032 | 871,383.00 | 858,311.00 | 0.66 |
| B8AEWP2F5 | International Schools Partnership | — | 8.09 | 01/02/2040 | 857,919.00 | 848,310.00 | 0.65 |
| BL5159126 | Radiate Holdco Llc | RADIAT | 8.78 | 09/25/2029 | 925,817.00 | 842,363.00 | 0.65 |
| 845467AT6 | Expand Energy Corp | EXE | 4.75 | 02/01/2032 | 850,000.00 | 833,311.00 | 0.64 |
| 82846H702 | QXO Inc | — | 4.75 | 12/31/2079 | 730,000.00 | 812,215.00 | 0.62 |
| 89116CKP1 | Toronto-dominion Bank/the | TD | 7.25 | 07/31/2084 | 785,000.00 | 812,475.00 | 0.62 |
| 431318BC7 | Hilcorp Energy I Lp / Hilcorp Finance Co | HILCRP | 8.38 | 11/01/2033 | 750,000.00 | 803,471.00 | 0.62 |
| B8ADVZ4C1 | Denali Intermediate Hldg Inc | — | 9.15 | 05/31/2032 | 846,224.00 | 803,912.00 | 0.62 |
| B8AFARSJ6 | META Cw Gpu - Unfunded | — | 6.2 | 03/15/2032 | 800,190.00 | 800,189.00 | 0.61 |
| BW5YXJ0 | EG Global Finance Plc | EGBLFN | 11.0 | 11/30/2028 | 625,000.00 | 771,572.00 | 0.59 |
| 12433EAN1 | BX Trust 2022-lba6 | BX | 6.35 | 01/15/2039 | 750,000.00 | 749,765.00 | 0.58 |
| 780082AY9 | Royal Bank Of Canada | RY | 6.5 | 11/24/2085 | 750,000.00 | 736,022.00 | 0.57 |
| 05593VAN3 | BX Trust 2025-roic | BX | 6.6 | 03/15/2030 | 732,012.00 | 732,011.00 | 0.56 |
| B8AFDRPS6 | SBI Growth Advisory | — | 9.18 | 04/08/2031 | 711,765.00 | 701,088.00 | 0.54 |
| BRCD5D3 | Grifols Sa | GRFSM | 7.13 | 05/01/2030 | 580,000.00 | 706,196.00 | 0.54 |
| BL0HM90 | Ivory Coast Government International Bon | IVYCST | 5.88 | 10/17/2031 | 600,000.00 | 706,175.00 | 0.54 |
| XS29305389 | LUGO Funding Dac | LUGO | 4.04 | 05/26/2066 | 600,000.00 | 688,980.00 | 0.53 |
| XS31715606 | PRPM Fundido 2025-2 Dac | FUNDD | 4.67 | 01/29/2075 | 600,000.00 | 677,378.00 | 0.52 |
| 983133AA7 | WYNN Resorts Finance Llc / Wynn Resorts | WYNFIN | 5.13 | 10/01/2029 | 675,000.00 | 670,571.00 | 0.52 |
| B8AESWHL6 | Minerva Bidco Limited | — | — | 11/30/2032 | 500,000.00 | 666,767.00 | 0.51 |
| B8AF4AHB9 | Wells Concrete | — | — | 03/09/2033 | 661,650.00 | 656,158.00 | 0.50 |
| B8AFA7S35 | Domain Greenbough Partner 2 | — | 14.57 | 01/23/2032 | 641,829.00 | 641,829.00 | 0.49 |
| 73747RAF2 | POST Road Equipment Finance 2026-1 Llc | PREF | 7.7 | 01/17/2034 | 600,000.00 | 609,982.00 | 0.47 |
| 221625AV8 | Ivory Coast Government International Bon | IVYCST | 8.08 | 04/01/2036 | 550,000.00 | 583,099.00 | 0.45 |
| B8ADAMRM6 | International Park Hldgs Bv | — | 7.37 | 12/31/2031 | 500,000.00 | 579,489.00 | 0.45 |
| B8ADRJ0H5 | Clubcorp Holdings Inc | — | 8.42 | 04/30/2032 | 585,831.00 | 574,114.00 | 0.44 |
| B8AEKNLW5 | Aptive Environmental Llc | — | 8.42 | 10/31/2032 | 583,214.00 | 579,014.00 | 0.44 |
| 210385AG5 | Constellation Energy Generation Llc | CEG | 4.63 | 02/01/2029 | 575,000.00 | 571,337.00 | 0.44 |
| 08163XAC7 | Benchmark 2024-v5 Mortgage Trust | BMARK | 3.2 | 01/01/2057 | 8,000,000.00 | 558,011.00 | 0.43 |
| 44267DAE7 | Howard Hughes Corp/the | HHH | 4.13 | 02/01/2029 | 575,000.00 | 554,229.00 | 0.43 |
| BL5270121 | ROOT Bidco Sarl | EURCRO | 7.2 | 09/27/2030 | 525,000.00 | 563,625.00 | 0.43 |
| BL5184058 | Allied Universal Holdco | UNSEAM | 6.92 | 08/20/2032 | 547,250.00 | 548,579.00 | 0.42 |
| BL5557741 | ARC Falcon I Inc | NEWARC | 8.16 | 04/01/2033 | 575,000.00 | 537,050.00 | 0.41 |
| BV4FWL2 | Vedanta Resources Finance Ii Plc | VEDLN | 9.13 | 10/15/2032 | 500,000.00 | 519,375.00 | 0.40 |
| 603051AE3 | Mineral Resources Ltd | MINAU | 9.25 | 10/01/2028 | 506,000.00 | 524,975.00 | 0.40 |
| 59170JBB3 | Metronet Infrastructure Issuer Llc | MNET | 7.83 | 08/20/2055 | 500,000.00 | 510,941.00 | 0.39 |
| 91825HAE4 | Vb-s1 Issuer Llc | VBTEL | 6.84 | 03/15/2056 | 500,000.00 | 501,793.00 | 0.39 |
| 21979LAB2 | Coronado Finance Pty Ltd | CRNAU | 9.25 | 10/01/2029 | 555,000.00 | 501,703.00 | 0.39 |
| 09660QAA2 | BMO 2024-5c3 Xd | BMO | 3.09 | 02/01/2057 | 7,250,000.00 | 499,277.00 | 0.38 |
| 1248EPCK7 | CCO Holdings Llc / Cco Holdings Capital | CHTR | 4.25 | 02/01/2031 | 548,000.00 | 497,372.00 | 0.38 |
| B8ADWV215 | J&J Ventures Gaming Llc | — | 8.67 | 04/26/2030 | 498,750.00 | 495,009.00 | 0.38 |
| BL5118916 | Bingo Holdings I Llc | AGS | 8.45 | 06/30/2032 | 497,500.00 | 491,903.00 | 0.38 |
| 081927AH8 | Benchmark 2024-v6 Mortgage Trust | BMARK | 3.5 | 03/01/2057 | 6,000,000.00 | 487,409.00 | 0.37 |
| 172967PK1 | Citigroup Inc | C | 7.13 | 11/15/2173 | 470,000.00 | 479,253.00 | 0.37 |
| 579063AB4 | Mcafee Corp | MCFE | 7.38 | 02/15/2030 | 575,000.00 | 465,710.00 | 0.36 |
| B8AEN8446 | AREP Va Data Center | — | 6.31 | 07/30/2028 | 478,392.00 | 475,122.00 | 0.36 |
| B8ACXJ742 | Dukes Education Group Ltd | — | 8.05 | 11/25/2028 | 338,151.00 | 460,139.00 | 0.35 |
| 854938AA5 | STAR Leasing Co Llc | TRAILR | 7.63 | 02/15/2030 | 475,000.00 | 458,978.00 | 0.35 |
| 12433FAG3 | BX Commercial Mortgage Trust 2025-spot | BX | 6.15 | 04/15/2040 | 453,321.00 | 453,602.00 | 0.35 |
| 12433FAJ7 | BX Commercial Mortgage Trust 2025-spot | BX | 7.34 | 04/15/2040 | 453,321.00 | 453,321.00 | 0.35 |
| 039955AJ8 | ARES Trust 2025-ind3 | ARES1 | 6.2 | 04/15/2027 | 450,000.00 | 450,562.00 | 0.35 |
| XS31869441 | Clavel Residential 4 Dac | CLAVE | 4.54 | 10/28/2066 | 400,000.00 | 452,700.00 | 0.35 |
| BL4752996 | Paint Intermediate Iii | PAIIII | 6.67 | 10/09/2031 | 448,118.00 | 448,566.00 | 0.34 |
| BL5450301 | Hudson River Trading Llc | HURVTR | 6.16 | 03/18/2030 | 439,436.00 | 440,561.00 | 0.34 |
| BL5473485 | Azuria Water Solutn Inc | AEGN | 2.75 | 01/27/2033 | 441,176.00 | 440,073.00 | 0.34 |
| BL4949832 | Clarios Global Lp | POWSOL | 6.42 | 01/28/2032 | 422,875.00 | 424,638.00 | 0.33 |
| 20753PAD3 | Connect Holding Ii Llc | BSPEED | 10.5 | 04/03/2031 | 425,000.00 | 432,900.00 | 0.33 |
| 89055FAD5 | Topbuild Corp | BLD | 5.63 | 01/31/2034 | 430,000.00 | 435,465.00 | 0.33 |
| B8AFDF2J7 | AWP Group Holdings Inc | — | 8.92 | 12/01/2032 | 431,790.00 | 428,551.00 | 0.33 |
| BF2D3D5 | Eskom Holdings | ESKOM | 8.45 | 08/10/2028 | 404,000.00 | 424,967.00 | 0.33 |
| 98313RAH9 | WYNN Macau Ltd | WYNMAC | 5.63 | 08/26/2028 | 425,000.00 | 422,508.00 | 0.32 |
| B8ADQ6J27 | Doncasters Us Fin Llc | — | — | 04/01/2030 | 420,000.00 | 421,050.00 | 0.32 |
| 57779EAA6 | Maxim Crane Works Holdings Capital Llc | CLDCRN | 11.5 | 09/01/2028 | 400,000.00 | 417,884.00 | 0.32 |
| 335934AX3 | First Quantum Minerals Ltd | FMCN | 7.25 | 02/15/2034 | 405,000.00 | 417,530.00 | 0.32 |
| BL4978666 | Genesys Cloud Services | GCTI | 6.17 | 01/30/2032 | 419,566.00 | 405,195.00 | 0.31 |
| BL4803666 | Qualitytech Lp | QTS | 7.16 | 11/04/2031 | 396,000.00 | 396,495.00 | 0.30 |
| BL5162484 | Jupiter Buyer Inc | ARCHKE | 7.7 | 11/01/2031 | 374,055.00 | 375,458.00 | 0.29 |
| BL5173432 | Savage Enterprises Llc | SAVENT | 6.16 | 08/05/2032 | 372,188.00 | 373,698.00 | 0.29 |
| BL5316601 | Gategroup Us Finance Inc | GATESW | 7.19 | 06/10/2032 | 372,442.00 | 373,063.00 | 0.29 |
| BL5359106 | Voyager Parent Llc | EVRI | 7.95 | 07/01/2032 | 372,629.00 | 372,475.00 | 0.29 |
| BMW62K3 | Colombia Government International Bond | COLOM | 3.75 | 09/19/2028 | 330,000.00 | 381,688.00 | 0.29 |
| BL5024569 | Loire Finco Luxembourg | LGCLTD | 7.67 | 01/21/2030 | 362,222.00 | 361,834.00 | 0.28 |
| B8AFA7WW6 | Domain Greenbough Partner 2 - Unfunded | — | 14.57 | 01/24/2032 | 358,171.00 | 358,171.00 | 0.28 |
| B8AEZN3A7 | QXO Inc - Unfunded | — | 4.75 | 12/31/2079 | 360,000.00 | 360,000.00 | 0.28 |
| BFB5ML3 | Mexico City Airport Trust | MEXCAT | 5.5 | 07/31/2047 | 400,000.00 | 348,000.00 | 0.27 |
| 92332YAF8 | Venture Global Lng Inc | VENLNG | 9.0 | 03/30/2075 | 355,000.00 | 350,795.00 | 0.27 |
| BL5143047 | Crown Finance Us Inc | CINELN | 8.16 | 12/02/2031 | 347,748.00 | 347,264.00 | 0.27 |
| BL4990463 | GFL Es Us Llc | GFLES | 6.17 | 03/03/2032 | 348,250.00 | 348,685.00 | 0.27 |
| BL4985299 | Boxer Parent Co Inc | BMC | 6.67 | 07/30/2031 | 368,157.00 | 340,085.00 | 0.26 |
| BL5042678 | Vista Management Holding | VSTJET | 7.44 | 04/01/2031 | 343,008.00 | 339,639.00 | 0.26 |
| BL5018603 | Alltech Inc | ALLTEC | 8.03 | 08/13/2030 | 319,554.00 | 320,253.00 | 0.25 |
| BL5133808 | Inmar Inc | INMARI | 8.18 | 10/30/2031 | 344,827.00 | 327,585.00 | 0.25 |
| BL4808012 | TPC Group Inc | TPCG | 9.39 | 11/24/2031 | 346,500.00 | 329,795.00 | 0.25 |
| BNXM9K6 | Herens Midco Sarl | LNZING | 5.25 | 05/15/2029 | 710,000.00 | 329,545.00 | 0.25 |
| BQ0G6D4 | Bellis Acquisition Co Plc | ASSDLN | 8.0 | 07/01/2031 | 296,000.00 | 331,230.00 | 0.25 |
| BL5566106 | Envision Healthcare Oper | EVHC | 8.65 | 06/25/2030 | 319,492.00 | 321,088.00 | 0.25 |
| BL5566114 | Galileo Parent Inc | VNTHLD | 8.12 | 03/03/2033 | 325,000.00 | 324,392.00 | 0.25 |
| BL5566791 | OEP Glass Purchaser Llc | OEPGLA | 7.7 | 03/07/2033 | 325,000.00 | 323,986.00 | 0.25 |
| BL5395290 | Upstream Newco Inc | UPSREH | 8.19 | 11/20/2029 | 348,097.00 | 322,480.00 | 0.25 |
| BL5276391 | Allwyn Entertainment Fin | SAZKAG | 6.17 | 11/24/2032 | 325,000.00 | 320,736.00 | 0.25 |
| 71654QDL3 | Petroleos Mexicanos | PEMEX | 8.75 | 06/02/2029 | 300,000.00 | 321,300.00 | 0.25 |
| 80874DAA4 | Scientific Games Holdings Lp/scientific | SCGALO | 6.63 | 03/01/2030 | 375,000.00 | 315,916.00 | 0.24 |
| BL5017431 | TK Elevator Us Newco Inc | THYELE | 6.38 | 04/30/2030 | 314,809.00 | 317,345.00 | 0.24 |
| BL5190030 | Jefferies Finance Llc | JEFFIN | 6.42 | 10/21/2031 | 296,250.00 | 293,657.00 | 0.23 |
| BL4811750 | Grinding Media Inc | GRIMED | 7.17 | 10/12/2028 | 295,500.00 | 295,500.00 | 0.23 |
| BL5317096 | Engineered Machinery Hol | FISBEI | 6.95 | 11/26/2032 | 297,653.00 | 299,329.00 | 0.23 |
| 86773LAA5 | Sunrun Prometheus Issuer 2026-1 Llc | SUNRN | 6.3 | 08/01/2061 | 300,000.00 | 298,777.00 | 0.23 |
| B8AD3A2S4 | Dukes Education Grp Ltd | — | — | 11/27/2028 | 255,789.00 | 300,206.00 | 0.23 |
| B8AFDRTH6 | SBI Growth Advisory | — | — | 04/08/2031 | 291,176.00 | 288,992.00 | 0.22 |
| B8AF4UVD5 | HPS Slf Vi Im - Unfunded: B | — | — | 09/30/2034 | 283,104.00 | 283,104.00 | 0.22 |
| 91282CLK5 | United States Treasury Note/bond | T | 3.63 | 08/31/2029 | 290,000.00 | 287,122.00 | 0.22 |
| 146869AN2 | Carvana Co | CVNA | 9.0 | 06/01/2030 | 275,000.00 | 286,076.00 | 0.22 |
| 071734AN7 | Bausch Health Cos Inc | BHCCN | 4.88 | 06/01/2028 | 300,000.00 | 280,875.00 | 0.22 |
| 11283YAG5 | Brookfield Residential Properties Inc / | BRPCN | 5.0 | 06/15/2029 | 300,000.00 | 288,249.00 | 0.22 |
| BL4583441 | Trulite Glass & Aluminum Solutions Llc | TRUGLA | 9.68 | 03/01/2030 | 311,815.00 | 286,869.00 | 0.22 |
| BL4985588 | Athenahealth Group Inc | ATHENA | 6.42 | 02/15/2029 | 273,691.00 | 272,470.00 | 0.21 |
| BL5276714 | RYAN Llc | RYNLLC | 7.17 | 11/05/2032 | 275,000.00 | 270,360.00 | 0.21 |
| BL5224490 | Level 3 Financing Inc | LVLT | 6.92 | 03/29/2032 | 275,000.00 | 275,588.00 | 0.21 |
| BL5601523 | Arcwood Environmental | HRENSR | 6.69 | 04/01/2033 | 272,000.00 | 272,680.00 | 0.21 |
| BL5601739 | TEGA Mc Australia Holdin | TEMAUS | 3.5 | 03/25/2033 | 275,000.00 | 274,656.00 | 0.21 |
| BL5450194 | Nourish Buyer I Inc | NOUBUY | 7.67 | 07/09/2032 | 274,313.00 | 275,684.00 | 0.21 |
| 05593RAJ1 | BMO 2024-5c5 Mortgage Trust | BMO | 2.71 | 02/01/2057 | 3,975,000.00 | 269,105.00 | 0.21 |
| 04433LAA0 | Ashland Inc | ASH | 3.38 | 09/01/2031 | 300,000.00 | 268,026.00 | 0.21 |
| 278768AC0 | Echostar Corp | SATS | 10.75 | 11/30/2029 | 250,000.00 | 271,133.00 | 0.21 |
| 67091TAF2 | OCP Sa | OCPMR | 6.75 | 05/02/2034 | 260,000.00 | 273,195.00 | 0.21 |
| B8AFB9D51 | Vantage Oracle Tx - Unfunded | — | 6.17 | 04/15/2030 | 270,448.00 | 270,447.00 | 0.21 |
| B8ADGKST8 | NEW Generation Gas Gathering Llc | — | 3.67 | 09/30/2029 | 275,675.00 | 271,539.00 | 0.21 |
| B8ADX0WW1 | Doncasters Us Finance Llc | — | 10.2 | 04/23/2030 | 277,200.00 | 277,893.00 | 0.21 |
| B8AEKHUF5 | AREP Va Data Center | — | 6.31 | 07/30/2028 | 264,723.00 | 262,913.00 | 0.20 |
| B8AEPE2W1 | AREP Va Data Center | — | 6.31 | 07/28/2028 | 256,886.00 | 255,130.00 | 0.20 |
| 59284MAD6 | Mexico City Airport Trust | MEXCAT | 5.5 | 07/31/2047 | 300,000.00 | 261,000.00 | 0.20 |
| 70932MAC1 | Pennymac Financial Services Inc | PFSI | 5.75 | 09/15/2031 | 275,000.00 | 261,694.00 | 0.20 |
| BL5006806 | Columbus Mckinnon Corp | CMCO | 7.2 | 02/03/2033 | 264,907.00 | 265,018.00 | 0.20 |
| BL4587764 | Magnera Corp | MAGN | 7.92 | 11/04/2031 | 270,516.00 | 259,559.00 | 0.20 |
| BL3473057 | Trugreen Lp | SVMSTR | 7.77 | 11/02/2027 | 274,336.00 | 261,168.00 | 0.20 |
| BL3563329 | Midwest Physician Admins | MIDPHY | 6.96 | 03/13/2028 | 299,213.00 | 263,307.00 | 0.20 |
| BL4871903 | Acrisure Llc | ACRISU | 6.67 | 11/06/2030 | 269,480.00 | 264,764.00 | 0.20 |
| BL4645844 | Doncasters Finance Us Llc | DONCAS | 10.2 | 04/23/2030 | 264,600.00 | 265,261.00 | 0.20 |
| BL4922748 | Graftech Global Enterpri | EAF | 9.67 | 12/21/2029 | 254,545.00 | 243,012.00 | 0.19 |
| BL4978641 | Recess Holdings Inc | RECESS | 7.42 | 02/20/2030 | 246,012.00 | 247,010.00 | 0.19 |
| BL4842664 | Phoenix Guarantor Inc | BRIHEA | 6.17 | 02/21/2031 | 245,019.00 | 245,736.00 | 0.19 |
| BL3764356 | AMG Nv | AMGNA | 7.28 | 11/30/2028 | 244,885.00 | 246,263.00 | 0.19 |
| BL4045797 | Tenneco Inc | TENINC | 8.76 | 11/17/2028 | 250,000.00 | 249,660.00 | 0.19 |
| BL5546884 | Azorra Soar Tlb Finance | AZORRA | 6.17 | 10/18/2029 | 246,253.00 | 247,176.00 | 0.19 |
| BL5276672 | PING Identity Holding Co | PING | 6.4 | 11/15/2032 | 250,000.00 | 246,667.00 | 0.19 |
| BL5479326 | Bulldog Purchaser Inc | BAYCLU | 6.91 | 02/04/2033 | 250,000.00 | 250,625.00 | 0.19 |
| 31556TAA7 | Fertitta Entertainment Llc / Fertitta En | FRTITA | 4.63 | 01/15/2029 | 250,000.00 | 243,348.00 | 0.19 |
| 836205BJ2 | Republic Of South Africa Government Inte | SOAF | 7.25 | 12/11/2055 | 260,000.00 | 244,920.00 | 0.19 |
| BD35RT0 | Ivory Coast Government International Bon | IVYCST | 5.25 | 03/22/2030 | 201,000.00 | 235,729.00 | 0.18 |
| BDGLXV9 | Autopistas Del Sol Sa/costa Rica | AUTSOL | 7.38 | 12/30/2030 | 230,908.00 | 229,718.00 | 0.18 |
| 16115QAF7 | Chart Industries Inc | GTLS | 7.5 | 01/01/2030 | 225,000.00 | 233,627.00 | 0.18 |
| 143658BY7 | Carnival Corp | CCL | 5.75 | 03/15/2030 | 225,000.00 | 228,260.00 | 0.18 |
| 810186AW6 | Scotts Miracle-gro Co/the | SMG | 4.38 | 02/01/2032 | 250,000.00 | 233,165.00 | 0.18 |
| 58990CAA1 | Meridian Arc Holdco Llc | MERIDI | 6.25 | 04/30/2031 | 240,000.00 | 240,026.00 | 0.18 |
| BL5260981 | Madison Iaq Llc | MADIAQ | 6.38 | 11/08/2032 | 228,605.00 | 229,149.00 | 0.18 |
| BL5262839 | WIN Waste Innovations Ho | WHETEC | 7.03 | 03/24/2028 | 233,240.00 | 233,970.00 | 0.18 |
| BMZ6D52 | Colombia Telecomunicaciones Sa Esp | COLTEL | 4.95 | 07/17/2030 | 250,000.00 | 234,625.00 | 0.18 |
| BQC5P76 | Braskem Netherlands Finance Bv | BRASKM | 8.5 | 01/12/2031 | 400,000.00 | 238,100.00 | 0.18 |
| BL4763795 | DAVE & Buster's Inc | PLAY | 6.94 | 11/01/2031 | 270,942.00 | 233,771.00 | 0.18 |
| BL5192010 | Belfor Holdings Inc | BELFUS | 6.42 | 11/01/2030 | 237,674.00 | 238,664.00 | 0.18 |
| BL5179868 | Covia Holdings Llc | CVIA | 6.43 | 02/26/2032 | 223,313.00 | 222,381.00 | 0.17 |
| BL5144268 | Fortress Intermediate | PSDO | 6.66 | 06/27/2031 | 225,893.00 | 224,481.00 | 0.17 |
| BL5164258 | SGH2 Llc | COLCAP | 8.2 | 08/18/2032 | 223,875.00 | 222,195.00 | 0.17 |
| BL4649028 | GEON Performance Solutio | GEPESO | 8.21 | 08/18/2028 | 242,839.00 | 220,577.00 | 0.17 |
| BL4569150 | Imagine Learning Llc/az | WELDNE | 7.17 | 12/21/2029 | 245,000.00 | 226,718.00 | 0.17 |
| BL3643378 | TGP Holdings Iii Llc | TGPHLD | 7.02 | 06/29/2028 | 249,652.00 | 225,168.00 | 0.17 |
| BL5355179 | Bausch + Lomb Corp | BLCOCN | 7.42 | 01/15/2031 | 223,875.00 | 224,924.00 | 0.17 |
| 78488XAA2 | SV Rno Property Owner 1 Llc | TRACTC | 5.88 | 03/01/2031 | 230,000.00 | 226,291.00 | 0.17 |
| 25470XAY1 | DISH Dbs Corp | DISH | 7.75 | 07/01/2026 | 225,000.00 | 224,343.00 | 0.17 |
| 05508WAB1 | B&G Foods Inc | BGS | 5.25 | 09/15/2027 | 225,000.00 | 217,162.00 | 0.17 |
| B8ACXD562 | NEW Generation Gas Gathering Llc | — | 3.63 | 09/30/2029 | 229,730.00 | 226,283.00 | 0.17 |
| B8ADVAEX9 | NEW Generation Gas Gathering Llc | — | 3.67 | 09/30/2029 | 229,729.00 | 226,283.00 | 0.17 |
| 25381MAA5 | Digicel International Finance Ltd / Difl | DIGDIF | 8.63 | 08/01/2032 | 200,000.00 | 207,500.00 | 0.16 |
| 36273XAA9 | GS Mortgage Securities Corp Trust 2025-8 | GSMS | 6.31 | 11/25/2041 | 205,000.00 | 205,003.00 | 0.16 |
| 21873SAB4 | Coreweave Inc | CRWV | 9.25 | 06/01/2030 | 200,000.00 | 202,500.00 | 0.16 |
| 893830BZ1 | Transocean International Ltd | RIG | 8.5 | 05/15/2031 | 195,000.00 | 206,384.00 | 0.16 |
| 50206BAA0 | LD Celulose International Gmbh | LNZAV | 7.95 | 01/26/2032 | 200,000.00 | 208,304.00 | 0.16 |
| BL5189347 | INDY Us Holdco Llc | INDYUS | 5.92 | 10/31/2030 | 205,268.00 | 205,011.00 | 0.16 |
| BL5258522 | PAC Aviation Internation | PACDAC | 6.92 | 10/28/2030 | 199,500.00 | 197,505.00 | 0.15 |
| BL5227857 | RING Container Technolog | RNGCON | 6.17 | 09/15/2032 | 199,000.00 | 198,715.00 | 0.15 |
| BL5229184 | Sharp Services Llc | SHPCOL | 6.7 | 09/29/2032 | 191,113.00 | 191,671.00 | 0.15 |
| BL5229473 | DEEP Blue Operating I Ll | DEEBLU | 6.41 | 10/01/2032 | 200,000.00 | 200,750.00 | 0.15 |
| BL5230414 | Pegasus Bidco Bv | REFRLN | 6.4 | 07/12/2029 | 190,165.00 | 190,640.00 | 0.15 |
| BL5316866 | Focus Financial Partners Llc | FOCS | 6.17 | 09/15/2031 | 195,634.00 | 194,004.00 | 0.15 |
| BL5561529 | Asurion Llc | ASUCOR | 7.42 | 02/23/2033 | 195,477.00 | 192,138.00 | 0.15 |
| BL3925031 | IRIS Holding Inc | ITPCN | 8.52 | 06/28/2028 | 209,571.00 | 197,407.00 | 0.15 |
| BL4047090 | Tenneco Inc | TENINC | 8.51 | 11/17/2028 | 195,949.00 | 195,655.00 | 0.15 |
| BL5147105 | CP Atlas Buyer Inc | AMBATH | 8.92 | 07/08/2030 | 223,875.00 | 199,669.00 | 0.15 |
| BL5135076 | Aggreko Holdings Inc | AGKLN | 6.87 | 05/21/2031 | 199,497.00 | 200,095.00 | 0.15 |
| BL4979144 | Mavis Tire Express Servi | EOCGRO | 6.67 | 05/04/2028 | 197,504.00 | 197,650.00 | 0.15 |
| 513272AD6 | LAMB Weston Holdings Inc | LW | 4.13 | 01/31/2030 | 200,000.00 | 191,630.00 | 0.15 |
| 68560EAC2 | Orbia Advance Corp Sab De Cv | ORBIA | 6.8 | 05/13/2030 | 200,000.00 | 201,200.00 | 0.15 |
| 749571AK1 | RHP Hotel Properties Lp / Rhp Finance Co | RHP | 6.5 | 04/01/2032 | 190,000.00 | 195,037.00 | 0.15 |
| 195325DP7 | Colombia Government International Bond | COLOM | 4.5 | 03/15/2029 | 200,000.00 | 193,890.00 | 0.15 |
| 195325ET8 | Colombia Government International Bond | COLOM | 5.38 | 01/21/2029 | 200,000.00 | 198,830.00 | 0.15 |
| 35906ABG2 | Frontier Communications Holdings Llc | FYBR | 6.75 | 05/01/2029 | 200,000.00 | 200,000.00 | 0.15 |
| 125276AA3 | CFE Fibra E | FCFEMM | 5.88 | 09/23/2040 | 197,160.00 | 195,262.00 | 0.15 |
| B8AFARLF1 | META Cw Gpu | — | 6.2 | 03/15/2032 | 199,811.00 | 199,810.00 | 0.15 |
| B8AF4UUB0 | HPS Slf Vi Gp - Unfunded: B | — | — | 09/30/2034 | 188,737.00 | 188,737.00 | 0.14 |
| 221625AX4 | Ivory Coast Government International Bon | IVYCST | 6.75 | 02/25/2041 | 200,000.00 | 184,308.00 | 0.14 |
| BL4979052 | Great Outdoors Group Llc | BASSPR | 6.92 | 01/23/2032 | 175,108.00 | 176,027.00 | 0.14 |
| BL5173895 | NEON Maple Us Debt Merge | NVEICN | 6.17 | 11/17/2031 | 187,433.00 | 184,786.00 | 0.14 |
| BL5179827 | Blackstone Mortgage Tr | BXMT | 6.17 | 05/09/2029 | 179,521.00 | 179,969.00 | 0.14 |
| BL4789857 | Trident Tpi Holdings Inc | TEKNI | 7.45 | 09/15/2028 | 196,014.00 | 184,386.00 | 0.14 |
| BL4778223 | Nouryon Finance Bv | SPCHEM | 6.94 | 04/03/2028 | 186,350.00 | 185,184.00 | 0.14 |
| BL4810455 | Caesars Entertain Inc | CZR | 5.92 | 02/06/2031 | 194,515.00 | 188,072.00 | 0.14 |
| USP9190PAM | Total Play Telecomunicaciones Sa De Cv | TOTALP | 11.13 | 12/31/2032 | 200,000.00 | 186,890.00 | 0.14 |
| BL4788743 | Connect Holding Ii Llc | BSPEED | 4.75 | 04/03/2031 | 175,000.00 | 166,345.00 | 0.13 |
| BL4417558 | CLUE Opco Llc | FWRD | 8.17 | 12/19/2030 | 172,444.00 | 171,151.00 | 0.13 |
| BL4850956 | VT Topco Inc | VERCOR | 6.67 | 08/09/2030 | 173,241.00 | 170,363.00 | 0.13 |
| BL5023736 | PEER Holding Iii Bv | ACTINA | 6.2 | 10/28/2030 | 172,796.00 | 173,141.00 | 0.13 |
| BL5247236 | FR Br Holdings Llc | FRBRHO | 7.95 | 10/09/2030 | 169,982.00 | 169,981.00 | 0.13 |
| 040114HX1 | Argentine Republic Government Internatio | ARGENT | 1.0 | 07/09/2029 | 189,756.00 | 169,452.00 | 0.13 |
| 707569AS8 | PENN Entertainment Inc | PENN | 5.63 | 01/15/2027 | 175,000.00 | 174,876.00 | 0.13 |
| 550241AA1 | Lumen Technologies Inc | LUMN | 5.38 | 06/15/2029 | 175,000.00 | 169,178.00 | 0.13 |
| B8AF4AQR4 | Wells Companies Inc | — | — | 03/09/2033 | 165,000.00 | 165,000.00 | 0.13 |
| 55342UAM6 | MPT Operating Partnership Lp / Mpt Finan | MPW | 3.5 | 03/15/2031 | 225,000.00 | 161,650.00 | 0.12 |
| 682691AH3 | Onemain Finance Corp | OMF | 6.63 | 05/15/2029 | 150,000.00 | 152,701.00 | 0.12 |
| BL5438561 | Betclic Everest Group Sas | BTCLIC | 2.75 | 12/09/2031 | 150,000.00 | 150,750.00 | 0.12 |
| BL5507894 | Discovery Energy Holding | DISENE | 6.7 | 05/01/2031 | 151,886.00 | 152,075.00 | 0.12 |
| BL4990398 | Arsenal Aic Parent Llc | ARNC | 6.42 | 08/18/2030 | 155,172.00 | 155,559.00 | 0.12 |
| BL4990430 | Veritiv Operating Co | VRTV | 7.7 | 11/29/2030 | 148,120.00 | 143,097.00 | 0.11 |
| BL5202421 | Tiger Acquisition Llc | SABIND | 6.18 | 08/23/2032 | 148,875.00 | 149,340.00 | 0.11 |
| BL4263655 | MH Sub I Llc | INET | 7.92 | 05/03/2028 | 154,239.00 | 141,759.00 | 0.11 |
| BL4583235 | Summer Bc Holdco B Sarl | KANGRP | 8.96 | 02/15/2029 | 173,237.00 | 145,356.00 | 0.11 |
| B8AFCNKF9 | Mission Critical Grp Llc | — | — | 10/01/2030 | 144,790.00 | 143,884.00 | 0.11 |
| BL4922755 | Graftech Global Enterpri | EAF | — | 12/21/2029 | 145,455.00 | 138,864.00 | 0.11 |
| BL5337896 | Brown Group Holding Llc | SIGLN | 6.17 | 07/01/2031 | 148,869.00 | 149,597.00 | 0.11 |
| BL5236379 | Owens-illinois Group Inc | OI | 6.67 | 09/30/2032 | 149,625.00 | 147,380.00 | 0.11 |
| BL5509130 | Cppib Ovm Member Us Llc | CPPOVM | 5.95 | 08/20/2031 | 147,751.00 | 147,804.00 | 0.11 |
| 553283AG7 | MPH Acquisition Holdings Llc | MLTPLN | 5.75 | 12/31/2030 | 175,000.00 | 145,204.00 | 0.11 |
| B8AEVFYB2 | Wedgwood Specialty Pharma Iii | — | 8.42 | 12/31/2032 | 142,857.00 | 139,542.00 | 0.11 |
| B8AESWF87 | Lindstrom Llc | — | 9.24 | 12/31/2032 | 128,617.00 | 126,688.00 | 0.10 |
| B8AF49N74 | Cloudhq Va B1 Quick | — | — | 01/29/2030 | 130,083.00 | 130,082.00 | 0.10 |
| 315293209 | Ferrellgas Partners Lp | FGPR | — | — | 5,145.00 | 130,235.00 | 0.10 |
| BL5450459 | Herschend Entertainment | HERFAM | 6.17 | 05/27/2032 | 124,063.00 | 124,507.00 | 0.10 |
| BL5229192 | NCR Atleos Corp | NCRATL | 6.69 | 04/16/2029 | 131,057.00 | 130,606.00 | 0.10 |
| BL4485100 | DS Parent Inc | DAVSTA | 9.2 | 01/31/2031 | 147,375.00 | 128,480.00 | 0.10 |
| BL5243532 | Madison Safety & Flow | MADSAF | 6.15 | 09/26/2031 | 115,088.00 | 115,211.00 | 0.09 |
| BMYD8L5 | Ivory Coast Government International Bon | IVYCST | 4.88 | 01/30/2032 | 104,000.00 | 117,233.00 | 0.09 |
| XS28092182 | Lorca Telecom Bondco Sa | LORCAT | 5.75 | 04/30/2029 | 100,000.00 | 120,573.00 | 0.09 |
| 13323NAA0 | Camelot Return Merger Sub Inc | CNR | 8.75 | 08/01/2028 | 175,000.00 | 113,136.00 | 0.09 |
| 045941AB7 | Asurion Llc/ Asurion Co-issuer Inc | ASUCOR | 8.38 | 02/01/2034 | 120,000.00 | 118,470.00 | 0.09 |
| 09216NAA8 | Black Pearl Compute Llc | BLKPRL | 6.13 | 02/15/2031 | 115,000.00 | 116,726.00 | 0.09 |
| 10554TAH8 | Braskem Netherlands Finance Bv | BRASKM | 8.5 | 01/12/2031 | 200,000.00 | 119,050.00 | 0.09 |
| 53219LBA6 | Lifepoint Health Inc | RGCARE | 7.0 | 05/01/2034 | 120,000.00 | 117,072.00 | 0.09 |
| 69393LAA1 | PR Rno Property Owner 1 Llc | TRACTD | 6.5 | 05/01/2031 | 115,000.00 | 113,989.00 | 0.09 |
| B8AF4UTQ9 | HPS Slf Vi Im - Unfunded: A2 | — | — | 09/30/2034 | 117,082.00 | 117,082.00 | 0.09 |
| B8AF4AHH6 | Cloudhq Va B1 Quick - Unfunded | — | — | 01/29/2030 | 103,516.00 | 103,516.00 | 0.08 |
| B8AF4UV45 | HPS Slf Vi Im: B | — | — | 09/30/2034 | 98,106.00 | 98,106.00 | 0.08 |
| B8AF4APH7 | Wells Concrete | — | — | 03/09/2033 | 110,000.00 | 110,000.00 | 0.08 |
| 11283YAB6 | Brookfield Residential Properties Inc / | BRPCN | 6.25 | 09/15/2027 | 100,000.00 | 100,116.00 | 0.08 |
| 12769GAB6 | Caesars Entertainment Inc | CZR | 7.0 | 02/15/2030 | 100,000.00 | 101,490.00 | 0.08 |
| BL5438603 | Relativity Intermediate | RELODA | 6.42 | 01/30/2033 | 100,000.00 | 99,250.00 | 0.08 |
| BL5508975 | Crown Subsea Communicati | SUBCOM | 6.67 | 01/30/2031 | 99,748.00 | 100,329.00 | 0.08 |
| BL5179751 | Brown Group Holding Llc | SIGLN | 6.17 | 07/01/2031 | 98,479.00 | 98,915.00 | 0.08 |
| BL5450335 | Salas O'brien Inc | SALOBR | 6.42 | 01/31/2033 | 88,571.00 | 88,792.00 | 0.07 |
| 233104AA6 | DCLI Bidco Llc | DIRCHA | 7.75 | 11/15/2029 | 85,000.00 | 87,203.00 | 0.07 |
| 36273TAA8 | GFL Environmental Holdings Us Inc | GFLCN | 5.5 | 02/01/2034 | 95,000.00 | 93,337.00 | 0.07 |
| 04364VAK9 | Ascent Resources Utica Holdings Llc / Ar | ASCRES | 9.0 | 11/01/2027 | 75,000.00 | 85,982.00 | 0.07 |
| 92841HAB8 | Vistajet Malta Finance Plc / Vista Manag | VSTJET | 8.75 | 01/15/2032 | 95,000.00 | 91,942.00 | 0.07 |
| 55342UAH7 | MPT Operating Partnership Lp / Mpt Finan | MPW | 5.0 | 10/15/2027 | 100,000.00 | 97,492.00 | 0.07 |
| 651229BG0 | Newell Brands Inc | NWL | 8.5 | 06/01/2028 | 85,000.00 | 88,785.00 | 0.07 |
| B8AFDRTQ6 | SBI Growth Advisory | — | — | 04/08/2031 | 97,059.00 | 95,602.00 | 0.07 |
| B8ACYS253 | Dukes Education Group Ltd | — | 9.38 | 11/25/2028 | 67,561.00 | 91,933.00 | 0.07 |
| B8ACYS1X3 | Dukes Education Group Ltd | — | 9.34 | 11/25/2028 | 60,913.00 | 82,887.00 | 0.06 |
| 97381AAA0 | Windstream Services Llc / Windstream Esc | WIN | 8.25 | 10/01/2031 | 70,000.00 | 74,058.00 | 0.06 |
| B8ADVZ6S4 | Denali Intermediate Hldg Inc | — | 9.15 | 05/31/2032 | 84,834.00 | 80,592.00 | 0.06 |
| B8AF51HA0 | Cloudhq Va B2 Quick - Unfunded | — | — | 03/06/2030 | 75,152.00 | 75,151.00 | 0.06 |
| B8AF4UT97 | HPS Slf Vi Gp - Unfunded: A2 | — | — | 09/30/2034 | 78,055.00 | 78,055.00 | 0.06 |
| 50106GAJ1 | Kronos Acquisition Holdings Inc | KIKCN | 10.75 | 06/30/2032 | 225,000.00 | 73,287.00 | 0.06 |
| 040114HS2 | Argentine Republic Government Internatio | ARGENT | 0.75 | 07/09/2030 | 94,262.00 | 81,348.00 | 0.06 |
| 15853BAA9 | Champion Iron Canada Inc | CIACN | 7.88 | 07/15/2032 | 80,000.00 | 83,842.00 | 0.06 |
| BL5188117 | MIP V Waste Llc | GREWAS | 6.42 | 08/20/2032 | 74,438.00 | 74,716.00 | 0.06 |
| BL5174141 | Closure Systems Internat | CAINGR | 6.67 | 03/22/2029 | 73,688.00 | 73,334.00 | 0.06 |
| BL4845816 | MH Sub I Llc | INET | 7.92 | 12/31/2031 | 104,404.00 | 81,695.00 | 0.06 |
| BL4611499 | Supplyone Inc | SUPONE | 7.17 | 04/19/2031 | 74,623.00 | 74,820.00 | 0.06 |
| BL4431708 | Jfl-tiger Acquisition Co | HCCI | 7.46 | 10/17/2030 | 73,866.00 | 73,866.00 | 0.06 |
| BL5233137 | Liquid Tech Solutions Ho | DISDIR | 7.16 | 10/12/2032 | 68,034.00 | 67,835.00 | 0.05 |
| BL5473469 | Azuria Water Solutn Inc | AEGN | 2.75 | 01/27/2033 | 58,824.00 | 58,676.00 | 0.05 |
| TYM6 COMDT | US 10yr Note (cbt)jun26 | TYM6 | — | 06/18/2026 | -2,764,844.00 | 64,715.00 | 0.05 |
| 041242AA6 | ARKO Corp | ARKO | 5.13 | 11/15/2029 | 75,000.00 | 67,600.00 | 0.05 |
| 71654QCC4 | Petroleos Mexicanos | PEMEX | 6.75 | 09/21/2047 | 83,000.00 | 69,927.00 | 0.05 |
| B8AF4UU12 | HPS Slf Vi Gp: Ddtl | — | — | 09/30/2034 | 65,404.00 | 65,404.00 | 0.05 |
| B8AFDFJZ3 | AWP Group Holdings Inc | — | 8.92 | 12/01/2032 | 68,210.00 | 67,698.00 | 0.05 |
| B8AEBG4U3 | NEW Generation Gas Gathering Llc | — | 3.66 | 09/30/2029 | 68,918.00 | 67,884.00 | 0.05 |
| B8AE3VHV3 | Clubcorp Hldgs Inc | — | — | 07/31/2032 | 63,997.00 | 62,717.00 | 0.05 |
| B8AFCNKE2 | Mission Critical Grp Llc | — | — | 10/01/2030 | 50,274.00 | 49,645.00 | 0.04 |
| B8AF51HT9 | Cloudhq Va B3 Quick | — | — | 03/06/2030 | 53,616.00 | 53,616.00 | 0.04 |
| B8AF51H51 | Cloudhq Va B2 Quick | — | — | 03/06/2030 | 51,051.00 | 51,051.00 | 0.04 |
| B8AEKNM38 | Aptive Environmental Llc | — | 8.41 | 10/31/2032 | 53,458.00 | 53,073.00 | 0.04 |
| 469815AK0 | Jacobs Entertainment Inc | JACENT | 6.75 | 02/15/2029 | 50,000.00 | 48,946.00 | 0.04 |
| 69331CAM0 | PG&E Corp | PCG | 7.38 | 03/15/2055 | 50,000.00 | 51,371.00 | 0.04 |
| 893830BY4 | Transocean International Ltd | RIG | 8.25 | 05/15/2029 | 35,000.00 | 36,319.00 | 0.03 |
| B8AF51HV4 | Cloudhq Va B3 Quick - Unfunded | — | — | 03/06/2030 | 34,228.00 | 34,227.00 | 0.03 |
| B8AF51HX0 | Cloudhq Va B3 - Unfunded | — | — | 03/06/2030 | 41,184.00 | 41,184.00 | 0.03 |
| B8AF51HM4 | Cloudhq Va B2 - Unfunded | — | — | 03/06/2030 | 37,051.00 | 37,051.00 | 0.03 |
| B8AF4UTE6 | HPS Slf Vi Im: Ddtl | — | — | 09/30/2034 | 42,575.00 | 42,575.00 | 0.03 |
| B8AF4AKR0 | Cloudhq Va B1 - Unfunded | — | 5.88 | 01/02/2040 | 33,677.00 | 33,677.00 | 0.03 |
| B8AE3VDG0 | Clubcorp Hldgs Inc | — | — | 07/31/2032 | 38,398.00 | 37,630.00 | 0.03 |
| B8ACYP7L9 | Dukes Education Group Ltd | — | 9.47 | 11/25/2028 | 25,178.00 | 34,260.00 | 0.03 |
| B8AD39VG1 | Dukes Education Grp Ltd | — | — | 11/27/2028 | 34,427.00 | 40,404.00 | 0.03 |
| UXYM6 COMD | US 10yr Ultra Fut Jun26 | UXYM6 | — | 06/18/2026 | -1,805,750.00 | 39,736.00 | 0.03 |
| USM6 COMDT | US Long Bond(cbt) Jun26 | USM6 | — | 06/18/2026 | -1,466,969.00 | 41,035.00 | 0.03 |
| BMFXV04 | Argentine Republic Government Internatio | ARGENT | 0.13 | 07/09/2030 | 38,400.00 | 37,744.00 | 0.03 |
| F3FVU6H5KP | Gbp/usd Fwd 20260512 955 | GBP | — | 05/12/2026 | 3,353,355.00 | 41,022.00 | 0.03 |
| HYBM6 INDE | BBG Hy Credit Fut Jun26 | HYBM6 | — | 06/16/2026 | 6,795,000.00 | 37,705.00 | 0.03 |
| PIPA15000 | PGIM Cif Ca Llc | — | — | — | 25 | 25,042.00 | 0.02 |
| SWB8AEUCHG | SWP: Ois 2.019000 04-dec-2028 Est_c | — | — | 12/04/2028 | -1,335,000.00 | 21,104.00 | 0.02 |
| SWB8AEXQ57 | Scds: (ecua) | — | 5.0 | 12/20/2027 | 550,000.00 | 27,404.00 | 0.02 |
| SWB8AEXQ5P | Scds: (ecua) | — | 5.0 | 12/20/2028 | 550,000.00 | 30,566.00 | 0.02 |
| B8A9598C3 | Ferrellgas Escrow Llc 3/30/31 Preferred | — | 8.96 | 03/30/2031 | 25,000.00 | 27,187.00 | 0.02 |
| B8AEKNM04 | Aptive Environmental Llc | — | — | 10/31/2032 | 25,580.00 | 25,395.00 | 0.02 |
| B8AF4ULD6 | HPS Slf Vi Gp: A2 | — | — | 09/30/2034 | 28,383.00 | 28,383.00 | 0.02 |
| B8AFB91T2 | Vantage Oracle Tx | — | 6.17 | 04/15/2030 | 28,894.00 | 28,894.00 | 0.02 |
| 83056PAA1 | Skeena Resources Ltd | SKECN | 8.5 | 04/01/2031 | 25,000.00 | 26,176.00 | 0.02 |
| 55342UAQ7 | MPT Operating Partnership Lp / Mpt Finan | MPW | 8.5 | 02/15/2032 | 25,000.00 | 25,967.00 | 0.02 |
| 25470XBB0 | DISH Dbs Corp | DISH | 7.38 | 07/01/2028 | 25,000.00 | 24,430.00 | 0.02 |
| 25470XBD6 | DISH Dbs Corp | DISH | 5.13 | 06/01/2029 | 25,000.00 | 22,988.00 | 0.02 |
| 201723AS2 | Commercial Metals Co | CMC | 5.75 | 11/15/2033 | 10,000.00 | 10,002.00 | 0.01 |
| 201723AV5 | Commercial Metals Co | CMC | 6.0 | 12/15/2035 | 15,000.00 | 14,983.00 | 0.01 |
| 67124CAA1 | Oak-eagle Acquireco Inc | EA | 7.25 | 07/01/2033 | 10,000.00 | 10,290.00 | 0.01 |
| 67124CAB9 | Oak-eagle Acquireco Inc | EA | 8.75 | 07/01/2034 | 15,000.00 | 15,586.00 | 0.01 |
| 91327CAA6 | Uniti Group Lp / Uniti Group Finance 201 | UNIT | 8.63 | 06/15/2032 | 15,000.00 | 15,689.00 | 0.01 |
| B8ACYS2F1 | Dukes Education Group Ltd | — | 8.19 | 11/25/2028 | 7,402.00 | 10,072.00 | 0.01 |
| SWB8AEUCHK | SWP: Ois 1.937500 04-dec-2027 Est_c | — | — | 12/04/2027 | -1,480,000.00 | 16,817.00 | 0.01 |
| SWB8AEUCHS | SWP: Ois 3.628300 03-dec-2030 Son_c | — | — | 12/03/2030 | -310,000.00 | 11,252.00 | 0.01 |
| SWB8AEUCHY | SWP: Ois 3.530000 03-dec-2028 Son_c | — | — | 12/03/2028 | -700,000.00 | 17,402.00 | 0.01 |
| SWB8AEUCH9 | SWP: Ois 2.355000 04-dec-2032 Est_c | — | — | 12/04/2032 | -330,000.00 | 7,805.00 | 0.01 |
| SWB8AEUCHD | SWP: Ois 2.197000 04-dec-2030 Est_c | — | — | 12/04/2030 | -750,000.00 | 15,502.00 | 0.01 |
| WNM6 COMDT | US Ultra Bond Cbt Jun26 | WNM6 | — | 06/18/2026 | -345,094.00 | 10,143.00 | 0.01 |
| BL5237955 | Liquid Tech Solutions Ho | DISDIR | 3.5 | 10/12/2032 | 6,966.00 | 6,945.00 | 0.01 |
| BL5450350 | Salas O'brien Inc | SALOBR | 6.42 | 01/21/2033 | 11,429.00 | 11,457.00 | 0.01 |
| OEM6 COMDT | Euro-bobl Future Jun26 | OEM6 | — | 06/08/2026 | 135,498.00 | -411.00 | 0.00 |
| BW5YZT4 | Talktalk Telecom Group Ltd | TALKLN | 11.75 | 03/01/2028 | 425,378.00 | 0.00 | 0.00 |
| SWB8ACMV58 | SWP: Ois Gbp 4.000000 08-may-2029 | — | — | 05/08/2029 | -525,000.00 | 5,405.00 | 0.00 |
| SWB8ACX1VG | CDS: (gs_24-pc-a Jul 24) | — | 1.65 | 08/02/2027 | 1,999,954.00 | 2,757.00 | 0.00 |
| SWB8ADJ71C | Scds: (pemex) 4.75.00000 07 May 2026 | — | 4.75 | 05/07/2026 | 118,800.00 | 453.00 | 0.00 |
| SWB8ADQ1J2 | Scds: (softbk) | — | 1.0 | 06/22/2026 | 95,000.00 | 81.00 | 0.00 |
| SWB8ADQQCR | Scds: (ivycst) | — | 1.0 | 06/20/2027 | 500,000.00 | -1,836.00 | 0.00 |
| SWB8AEHGA2 | Scds: (argent) | — | 5.0 | 06/22/2026 | 560,000.00 | 6,262.00 | 0.00 |
| SWB8AEP84V | SWP: Ois Gbp 4.300000 08-feb-2027_c | — | — | 02/08/2027 | -1,630,000.00 | -1,608.00 | 0.00 |
| SWB8AEPNEQ | Scds: (argent) | — | 5.0 | 12/21/2026 | 100,000.00 | 2,846.00 | 0.00 |
| BL3572783 | First Brands Group Llc | TRICGR | 14.28 | 03/30/2028 | 659,850.00 | 290.00 | 0.00 |
| SWB8AFAWSG | CDS: (ivycst) | — | 2.9 | 03/31/2027 | 370,000.00 | 6,390.00 | 0.00 |
| DUM6 COMDT | Euro-schatz Fut Jun26 | DUM6 | — | 06/08/2026 | 248,227.00 | -424.00 | 0.00 |
| SWB8AFDFK9 | FWD: Tbond 3.625 31-dec-2030 - 91282cpr6 | — | — | 07/07/2026 | 8,732,033.00 | 0.00 | 0.00 |
| SWB8AFDFKA | FWD: Tbond 3.5 15-dec-2028 - 91282cpp0 - | — | — | 07/07/2026 | 10,435,349.00 | 0.00 | 0.00 |
| SWB8AFDFKB | FWD: Tbond 3.375 31-dec-2027 - 91282cps4 | — | — | 07/07/2026 | 21,936,332.00 | 0.00 | 0.00 |
| TUM6 COMDT | US 2yr Note (cbt) Jun26 | TUM6 | — | 06/30/2026 | 3,314,000.00 | -6,144.00 | 0.00 |
| RXM6 COMDT | Euro-bund Future Jun26 | RXM6 | — | 06/08/2026 | 147,129.00 | -4,143.00 | 0.00 |
| SFRH6 COMD | 3 MOnth Sofr Fut Mar26 | SFRH6 | — | 06/16/2026 | 3,612,844.00 | -4,621.00 | 0.00 |
| SWB8AF93D1 | FWD: Tnote 3.5 15-dec-28 - 91282cpp0 - U | — | — | 06/11/2026 | 14,757,616.00 | 0.00 | 0.00 |
| 69393GAA2 | PLS Group Ltd | PLSAU | 6.88 | 05/01/2031 | 5,000.00 | 5,118.00 | 0.00 |
| SFRM6 COMD | 3 MOnth Sofr Fut Jun26 | SFRM6 | — | 09/15/2026 | 3,612,938.00 | -12,214.00 | -0.01 |
| SFRU6 COMD | 3 MOnth Sofr Fut Sep26 | SFRU6 | — | 12/15/2026 | 3,613,125.00 | -17,839.00 | -0.01 |
| SWB8AFBGMG | Scds: (elsalv) | — | 1.0 | 06/20/2031 | 200,000.00 | -18,035.00 | -0.01 |
| SWB8AFBEY6 | Scds: (angol) | — | 1.0 | 12/20/2027 | 800,000.00 | -21,572.00 | -0.02 |
| SFRZ6 COMD | 3 MOnth Sofr Fut Dec26 | SFRZ6 | — | 03/16/2027 | 3,611,625.00 | -21,589.00 | -0.02 |
| Q8PFIRHVNC | Eur/usd Fwd 20260602 955 | EUR | — | 06/02/2026 | -10,130,622.00 | -23,013.00 | -0.02 |
| SWB8AF9MB4 | Cswap: Eur/usd Eur Euribor/usd Sofr 07-n | — | — | 11/07/2029 | 1,152,397.00 | -23,518.00 | -0.02 |
| U7B1M7C15D | Gbp/usd Fwd 20260602 955 | GBP | — | 06/02/2026 | -3,353,355.00 | -41,030.00 | -0.03 |
| 8T318QR456 | Gbp/usd Fwd 20260512 00187 | GBP | — | 05/12/2026 | -3,353,355.00 | -65,562.00 | -0.05 |
| B8ADN7NC1 | RRP Mpt Operating Partnership Lp | — | 4.0 | 12/31/2222 | -112,750.00 | -112,750.00 | -0.09 |
| FVM6 COMDT | US 5yr Note (cbt) Jun26 | FVM6 | — | 06/30/2026 | 11,754,117.00 | -112,899.00 | -0.09 |
| B8AF9VAJ8 | RRP Coreweave Inc | — | 4.07 | 12/31/2222 | -161,750.00 | -161,750.00 | -0.12 |
| B8AFCNAC7 | RRP Argentina Rep Of | — | 4.15 | 12/31/2222 | -159,598.00 | -159,598.00 | -0.12 |
| 7GGFD2VV2N | Eur/usd Fwd 20260512 955 | EUR | — | 05/12/2026 | 0 | -155,210.00 | -0.12 |
| B8AF9VAG4 | RRP Cfe Fibra E | — | 3.89 | 12/31/2222 | -173,250.00 | -173,250.00 | -0.13 |
| B8AFCNAK9 | RRP Colombia Rep Of | — | 4.15 | 12/31/2222 | -170,500.00 | -170,500.00 | -0.13 |
| B8AFCNAL7 | RRP Colombia Rep Of | — | 4.15 | 12/31/2222 | -165,000.00 | -165,000.00 | -0.13 |
| B8AFCNAH6 | RRP Digicel Intl Fin Ltd | — | 4.04 | 12/31/2222 | -170,250.00 | -170,250.00 | -0.13 |
| B8ADN7ND9 | RRP Lamb Weston Hldgs Inc | — | 3.97 | 12/31/2222 | -168,750.00 | -168,750.00 | -0.13 |
| B8AE05Z01 | RRP B&g Foods Inc | — | 3.97 | 12/31/2222 | -173,250.00 | -173,250.00 | -0.13 |
| B8AEAC714 | RRP Ld Celulose Intl | — | 3.92 | 12/31/2222 | -184,250.00 | -184,250.00 | -0.14 |
| B8AEAC730 | RRP Orbia Advance Corp Sab De C | — | 3.82 | 12/31/2222 | -189,500.00 | -189,500.00 | -0.15 |
| B8ADV5E02 | RRP Scotts Miracle Gro Co | — | 3.97 | 12/31/2222 | -199,063.00 | -199,062.00 | -0.15 |
| B8AFCNAF0 | RRP Sv Rno Property Owner 1 Llc | — | 4.04 | 12/31/2222 | -196,075.00 | -196,075.00 | -0.15 |
| CURRENCY | Currency | — | — | — | -321,173.00 | -199,221.00 | -0.15 |
| B8AFCNAJ2 | RRP Fertitta Entertainment | — | 4.04 | 12/31/2222 | -205,313.00 | -205,312.00 | -0.16 |
| B8AFCNAD5 | RRP South Africa Rep Of | — | 4.15 | 12/31/2222 | -202,150.00 | -202,150.00 | -0.16 |
| B8AE05Z43 | RRP Carnival Corp | — | 3.93 | 12/31/2222 | -207,281.00 | -207,281.00 | -0.16 |
| B8AE05Z50 | RRP Echostar Corp | — | 3.93 | 12/31/2222 | -214,375.00 | -214,375.00 | -0.16 |
| B8ADV5E28 | RRP Chart Industries Inc | — | 3.97 | 12/31/2222 | -215,719.00 | -215,718.00 | -0.17 |
| B8AD52FL1 | RRP Pennymac Fin Svcs Inc | — | 3.95 | 12/31/2222 | -220,313.00 | -220,312.00 | -0.17 |
| B8ADLT2P9 | RRP Mexico City Arpt Tr | — | 3.8 | 12/31/2222 | -222,000.00 | -222,000.00 | -0.17 |
| B8ACVHT10 | RRP Ashland Llc | — | 4.04 | 12/31/2222 | -235,500.00 | -235,500.00 | -0.18 |
| B8ADN7NE7 | RRP Brookfield Residential Propert | — | 3.97 | 12/31/2222 | -252,375.00 | -252,375.00 | -0.19 |
| B8AF8TRB3 | RRP Bausch Hlth Cos Inc | — | 4.07 | 12/31/2222 | -253,125.00 | -253,125.00 | -0.19 |
| B8AF9VAH2 | RRP Venture Global Lng Inc | — | 4.07 | 12/31/2222 | -266,694.00 | -266,693.00 | -0.20 |
| B8AFCNAA1 | RRP Scientific Games Hldgs Lp | — | 4.11 | 12/31/2222 | -255,938.00 | -255,937.00 | -0.20 |
| B8AE05Z35 | RRP Carvana Co | — | 3.93 | 12/31/2222 | -261,594.00 | -261,593.00 | -0.20 |
| B8AD52FM9 | RRP Ocp Sa | — | 3.95 | 12/31/2222 | -256,750.00 | -256,750.00 | -0.20 |
| B8AE05Z19 | RRP Star Leasing Co Llc | — | 3.93 | 12/31/2222 | -266,906.00 | -266,906.00 | -0.21 |
| B8AFCNAG8 | RRP Petroleos Mexicanos | — | 4.04 | 12/31/2222 | -274,500.00 | -274,500.00 | -0.21 |
| B8AFCNAB9 | RRP Connect Hldg Ii Llc | — | 4.11 | 12/31/2222 | -341,594.00 | -341,593.00 | -0.26 |
| B8AFCNAE3 | RRP First Quantum Minerals Ltd | — | 4.04 | 12/31/2222 | -352,350.00 | -352,350.00 | -0.27 |
| B8ACJD253 | RRP Wynn Macau Ltd | — | 4.07 | 12/31/2222 | -363,906.00 | -363,906.00 | -0.28 |
| B8ACTHLL7 | RRP Cco Hldgs Llc Cco Hldgs Cap Co | — | 4.04 | 12/31/2222 | -383,400.00 | -383,400.00 | -0.29 |
| B8ADLT2R5 | RRP Maxim Crane Works Hldgs Cap | — | 3.95 | 12/31/2222 | -378,500.00 | -378,500.00 | -0.29 |
| B8ADLT2S3 | RRP Mcafee Corp | — | 3.95 | 12/31/2222 | -418,750.00 | -418,750.00 | -0.32 |
| B8ACVHT02 | RRP Citigroup Inc | — | 4.04 | 12/31/2222 | -415,363.00 | -415,362.00 | -0.32 |
| B8ACVHT28 | RRP Howard Hughes Corp | — | 4.04 | 12/31/2222 | -470,063.00 | -470,062.00 | -0.36 |
| B8ADLT2U8 | RRP Mineral Resources Ltd | — | 3.92 | 12/31/2222 | -467,500.00 | -467,500.00 | -0.36 |
| B8AF0PSF9 | RRP Constellation Energy Generatio | — | 4.02 | 12/31/2222 | -475,063.00 | -475,062.00 | -0.36 |
| B8AD52FN7 | RRP Coronado Fin Pty Ltd | — | 3.95 | 12/31/2222 | -488,125.00 | -488,125.00 | -0.37 |
| B8AF8TRA5 | RRP Ivory Coast | — | 4.07 | 12/31/2222 | -550,688.00 | -550,687.00 | -0.42 |
| B8ACDQGX4 | RRP Wynn Resorts Fin Llc | — | 4.0 | 12/31/2222 | -608,344.00 | -608,343.00 | -0.47 |
| B8AEAPRV7 | RRP Ivory Coast | — | 2.26 | 12/31/2222 | -552,750.00 | -648,735.00 | -0.50 |
| B8AEAPRU9 | RRP Grifols Sa | — | 2.26 | 12/31/2222 | -563,325.00 | -661,146.00 | -0.51 |
| B8AEC8J42 | RRP Tenneco Inc | — | 3.93 | 12/31/2222 | -681,000.00 | -681,000.00 | -0.52 |
| B8ADN7NF4 | RRP Brinker Intl Inc | — | 3.97 | 12/31/2222 | -679,000.00 | -679,000.00 | -0.52 |
| B8ACBPEV4 | RRP Southwestern Energy Co | — | 4.04 | 12/31/2222 | -743,750.00 | -743,750.00 | -0.57 |
| B8ADLT2Q7 | RRP Wolverine World Wide Inc | — | 3.95 | 12/31/2222 | -753,188.00 | -753,187.00 | -0.58 |
| B8AEAPRT2 | RRP Eg Global Fin Plc | — | 2.26 | 12/31/2222 | -638,281.00 | -749,118.00 | -0.58 |
| B8AENFZD6 | RRP Davita Inc | — | 4.03 | 12/31/2222 | -805,594.00 | -805,593.00 | -0.62 |
| B8AEDR1D8 | RRP Virgin Media Sec Fin Plc | — | 4.77 | 12/31/2222 | -668,281.00 | -909,363.00 | -0.70 |
| B8AEAPRW5 | RRP Eg Global Fin Plc | — | 2.26 | 12/31/2222 | -1,106,700.00 | -1,298,878.00 | -1.00 |
| B8ADV7P55 | RRP Montichem Holdco 3 Sa | — | 2.52 | 12/31/2222 | -1,155,000.00 | -1,355,565.00 | -1.04 |
| B8AENFZC8 | RRP Beignet Investor Llc | — | 3.8 | 12/31/2222 | -1,565,625.00 | -1,565,625.00 | -1.20 |
The CUSIP information contained in pgimfunds.com and/or prudential.com consists of security identifiers and related descriptive information (“the CUSIP Database”) and is protected under the copyright laws and is licensed with permission from CUSIP Global Services (“CGS”), on behalf of the American Bankers Association (“ABA”).
VISITOR agrees and acknowledges that the CUSIP Database and the information contained therein is and shall remain valuable intellectual property owned by, or licensed to, CGS and ABA, and that no proprietary rights are being transferred to VISITOR in such materials or in any of the information contained therein by virtue of VISITOR’s use of Subscriber’s Web Site. Any use of the CUSIP Database by VISITOR outside of the clearing and settlement of transactions may require a license from CGS, along with an associated fee based on usage.
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MANAGEMENT
PGIM Investments is a registered investment advisor and investment manager to PGIM registered investment companies. PGIM Investments is a Prudential Financial and PGIM, Inc. affiliate. For more information on the fund's sub-advisors(s), please click here.
Richard Piccirillo
Managing Director and Co-Head of PGIM's Multi-Sector Team
Richard Piccirillo is a Managing Director and Co-Head of PGIM Credit's Multi-Sector Team.
Tyler Thorn
Managing Director and a Portfolio Manager
Tyler Thorn is a Managing Director and a Portfolio Manager on PGIM Credit's Multi-Sector Team.
Edwin Wilches, CFA
Managing Director and Co-Head of PGIM's Securitized Products Team
Edwin Wilches, CFA is a Managing Director and Co-Head of PGIM Credit’s Securitized Products Team.
Brian Juliano
Managing Director and Head of PGIM's U.S. Leveraged Loan Team
Credit
Brian Juliano is a Managing Director and Head of PGIM Credit's U.S. Leveraged Loan Team.
Tom McCartan, CFA
Managing Director and Portfolio Manager
Tom McCartan, FIA, CFA is a Managing Director and Portfolio Manager on PGIM Credit's Multi-Sector Team.
DIANNA CARR-COLETTA
Managing Director
Average Maturity is the average time to maturity for a bond. Credit quality is calculated using the highest rating assigned by a nationally recognized statistical rating organization (NRSRO) such as Moody’s, S&P, or Fitch. The Not Rated category consists of securities that have not been rated by an NRSRO. Duration measures investment risk that takes into account both a bond's interest payments and its value to maturity. Due to data availability, statistics may not be as of the current reporting period.
Enhanced cash strategies are variations on traditional money market vehicles. They are designed to provide liquidity and principal preservation, but with more of an emphasis on seeking returns that are superior to those of traditional money market offerings.
Source: Benchmarks - Lipper Inc.; Statistics - Morningstar Inc.; All other data from PGIM, Inc.
© 2026 Morningstar, Inc. All rights reserved. The information contained herein (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance does not guarantee future results.
Class R6 and Z shares may be available to group retirement plans and institutional investors through certain retirement, mutual fund wrap and asset allocation programs. They may also be available to institutional investors. Class Z shares may be available through fee- or commission-based retail brokerage programs of certain financial intermediaries. Class A, C, and Z shares are generally closed to new retirement plans. Please see the prospectus for additional information about fees, expenses, and investor eligibility.
PGIM Credit is a unit of PGIM, Inc., a registered investment advisor. PGIM Limited acts as a subadvisor to all fixed income funds. PGIM Limited is an indirect, wholly-owned subsidiary of PGIM, Inc. (“PGIM”), the principal asset management business of Prudential Financial, Inc. (“PFI”), a company incorporated and with its principal place of business in the United States. All are Prudential Financial affiliates. PGIM is the principal asset management business of Prudential Financial, Inc. (PFI), and a trading name of PGIM, Inc. and its global subsidiaries and affiliates.
5423633 Ed. 4/2026
Fund Literature
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