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) | 10.1 |
| Duration (years) | 2.3 |
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. Below is a summary of some of the principal risks of investing in the Fund:
- No History of Operations, as the Fund is a recently organized, diversified, closed-end management investment company with no 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 riskand 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 containe 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.
- Senior Debt Risk, as the restrictions on transfers in loan agreements, a lack of publicly available information and other factors may, in certain instances, make senior debt in which the Fund may invest more difficult to sell at an advantageous time or price than other types of securities or instruments.
- 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.
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 | 584.43 | 3.79 | 12/06/2026 | — |
| C | 530.87 | 4.04 | 12/06/2026 | — |
| Z | 3.05 | 3.04 | 12/06/2026 | — |
*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 | 24.70 |
+0.05
|
0.20 | 25.46 | 10,337.09 |
| C | 24.77 |
+0.05
|
0.20 | — | 10,326.49 |
| Z | 24.79 |
+0.05
|
0.20 | — | 110,989,782.58 |
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 | 25.95 | 12/11/2024 | 23.92 | 04/09/2025 |
| C | 25.98 | 02/26/2025 | 23.98 | 04/09/2025 |
| Z | 26.00 | 02/26/2025 | 24.00 | 04/09/2025 |
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.
This material must be preceded or accompanied by a current prospectus or summary prospectus. Consider a fund's investment objectives, risks, charges, and expenses carefully before investing. The prospectus and summary prospectus contain this and other information about the fund. For more information about a fund, click on the prospectus or summary prospectus link above. Read them carefully before investing.
- Portfolio Summary
- Complete Holdings
Portfolio Attributes
Credit Quality (% of Assets)
|
Credit Quality
|
% of Assets
|
|---|---|
| AAA | 0.8% |
| AA | 3.1% |
| A | 4.7% |
| BBB | 27.3% |
| BB | 41.7% |
| B | 36.3% |
| CCC | 2.5% |
| Not Rated | 14.4% |
| Cash/Equiv | -30.9% |
Sector Breakdown (% of Assets)
|
Sector Breakdown
|
% of Assets
|
|---|---|
| Bank Loans | 41.3% |
| High Yield Corporates | 35.2% |
| ABS | 18.1% |
| Commercial MBS | 16.5% |
| Emerging Markets Hard Currency | 7.4% |
| Non Agency MBS | 5.8% |
| Inv Grade Corp | 5.8% |
| U.S. Treasuries | 0.8% |
| Cash/Equiv | -30.9% |
Fund Statistics
| Average Maturity (years) | 10.1 |
|---|---|
| Duration (years) | 2.3 |
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.
© 2025, American Bankers Association. CUSIP Database provided by FactSet Research Systems Inc. All rights reserved.
Consider a fund's investment objectives, risks, charges and expenses carefully before investing. The prospectus and summary prospectus contain this and other information about the fund. For more information about a fund, click on the prospectus or summary prospectus link above. Read them carefully before investing.
Investment products are distributed by Prudential Investment Management Services LLC (PIMS), member FINRA and SIPC. PGIM Investments is a registered investment advisor and investment manager to PGIM registered investment companies. PGIM Fixed Income 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. ©2025 Prudential Financial, Inc. and its related entities. PGIM, PGIM Investments, PGIM Fixed Income, PGIM Limited, and the PGIM logo are service marks of Prudential Financial, Inc. and its related entities, registered in many jurisdictions worldwide.
This material is being provided for informational or educational purposes only and does not take into account the investment objectives or financial situation of any client or prospective clients. The information is not intended as investment advice and is not a recommendation. Clients seeking information regarding their particular investment needs should contact their financial professional.
INVESTMENT PRODUCTS | Are not insured by the FDIC or any federal government agency | May lose value | Are not a deposit of or guaranteed by any bank or any bank affiliate.
Prudential Financial, Inc. of the United States is not affiliated in any manner with Prudential plc, incorporated in the United Kingdom or with Prudential Assurance Company, a subsidiary of M&G plc, incorporated in the United Kingdom.
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 | — | 4.29 | 12/01/2099 | 2,334,245.00 | 2,334,244.00 | 2.09 |
| 92840MAC6 | Vistra Corp | VST | 7.0 | 06/15/2174 | 2,300,000.00 | 2,324,519.00 | 2.08 |
| 097751CA7 | Bombardier Inc | BBDBCN | 8.75 | 11/15/2030 | 2,000,000.00 | 2,156,780.00 | 1.93 |
| 88676NBA4 | Tikehau Us Clo Iii Ltd | TKO | 9.03 | 01/20/2036 | 2,000,000.00 | 1,999,991.00 | 1.79 |
| 629377CU4 | NRG Energy Inc | NRG | 10.25 | 09/15/2174 | 1,800,000.00 | 1,974,635.00 | 1.77 |
| B8AC6L2G5 | Hurricane Cleanco Limited | — | 6.25 | 10/31/2029 | 1,320,920.00 | 1,834,031.00 | 1.64 |
| 69391NAA9 | PMT Credit Risk Transfer Trust 2024-2r | PMTCR | 7.55 | 03/29/2027 | 1,737,026.00 | 1,755,058.00 | 1.57 |
| 73015AAA5 | PMT Credit Risk Transfer Trust 2024-1r | PMTCR | 7.68 | 05/25/2033 | 1,727,148.00 | 1,747,397.00 | 1.56 |
| XS28110889 | Monument Clo 1 Dac | MNMNT | 6.39 | 05/15/2037 | 1,500,000.00 | 1,745,322.00 | 1.56 |
| 076912AA2 | Beignet Investor Llc | RPLDCI | 6.58 | 05/30/2049 | 1,599,000.00 | 1,707,703.00 | 1.53 |
| 36267QAA2 | CLUE Opco Llc | FWRD | 9.5 | 10/15/2031 | 1,613,000.00 | 1,641,389.00 | 1.47 |
| XS26150064 | Monitchem Holdco 3 Sa | CABBCO | 8.75 | 05/01/2028 | 1,445,000.00 | 1,620,275.00 | 1.45 |
| 25470MAG4 | DISH Network Corp | DISH | 11.75 | 11/15/2027 | 1,525,000.00 | 1,604,689.00 | 1.44 |
| 223929AJ9 | CQS Us Clo 2023-3 Ltd | CQS | 8.06 | 01/25/2037 | 1,500,000.00 | 1,502,916.00 | 1.35 |
| 98877JAG7 | Z CApital Credit Partners Bsl Clo 2024-1 | ZBSL | 7.54 | 04/16/2036 | 1,500,000.00 | 1,510,402.00 | 1.35 |
| XS27199989 | EG Global Finance Plc | EGBLFN | 11.0 | 11/30/2028 | 1,085,000.00 | 1,358,929.00 | 1.22 |
| 95003EAE6 | Wells Fargo Commercial Mortgage Trust 20 | WFCM | 6.55 | 05/15/2031 | 1,300,000.00 | 1,297,135.00 | 1.16 |
| 983793AK6 | XPO Inc | XPO | 7.13 | 02/01/2032 | 1,225,000.00 | 1,289,624.00 | 1.15 |
| XS28315261 | Barings Euro Clo 2024-1 Dac | BABSE | 6.5 | 07/20/2037 | 1,000,000.00 | 1,157,836.00 | 1.04 |
| XS29045637 | Hayfin Emerald Clo V Dac | HAYEM | 6.19 | 11/17/2037 | 1,000,000.00 | 1,149,791.00 | 1.03 |
| XS27989855 | Nassau Euro Clo Iv Dac | NGCE | 5.95 | 07/20/2038 | 1,000,000.00 | 1,155,706.00 | 1.03 |
| B8ADKYD51 | Constellation Automotive Grp Ltd | — | 8.21 | 02/28/2031 | 1,000,000.00 | 1,155,531.00 | 1.03 |
| B8AELEUB0 | Nomura Sub Msr Participation | — | 3.98 | 06/27/2027 | 1,143,000.00 | 1,143,942.00 | 1.02 |
| B8ADKY7N9 | Voodoo Sas | — | — | 02/28/2030 | 1,000,000.00 | 1,132,478.00 | 1.01 |
| 04940AAL6 | Atlas Senior Loan Fund Xvi Ltd | ATCLO | 7.85 | 01/20/2034 | 1,100,000.00 | 1,089,437.00 | 0.98 |
| 552953CH2 | MGM Resorts International | MGM | 4.75 | 10/15/2028 | 1,075,000.00 | 1,068,386.00 | 0.96 |
| 443628AH5 | Hudbay Minerals Inc | HBMCN | 6.13 | 04/01/2029 | 1,050,000.00 | 1,057,549.00 | 0.95 |
| 74970WAJ9 | ROCK Trust 2024-cntr | ROCC | 8.82 | 11/13/2041 | 1,000,000.00 | 1,055,291.00 | 0.94 |
| BKLXG54 | Virgin Media Secured Finance Plc | VMED | 4.25 | 01/15/2030 | 875,000.00 | 1,048,907.00 | 0.94 |
| 12769GAA8 | Caesars Entertainment Inc | CZR | 4.63 | 10/15/2029 | 1,100,000.00 | 1,035,244.00 | 0.93 |
| 92987LAL1 | Wharf Commercial Mortgage Trust 2025-dc | WHARF | 7.72 | 07/01/2040 | 1,000,000.00 | 1,024,508.00 | 0.92 |
| 82811AAJ3 | Silver Rock Clo Iii | SLVRK | 8.93 | 01/20/2036 | 1,000,000.00 | 1,001,295.00 | 0.90 |
| 67118VAJ8 | OFSI Bsl Clo Xiii Ltd | OFSBS | 8.38 | 04/20/2037 | 1,000,000.00 | 1,006,655.00 | 0.90 |
| 67120UAN7 | NYC Commercial Mortgage Trust 2025-3bp | NYC | 7.57 | 02/15/2042 | 1,000,000.00 | 1,006,123.00 | 0.90 |
| 48255UAS3 | KKR Clo 43 Ltd | KKR | 8.85 | 01/15/2036 | 1,000,000.00 | 999,996.00 | 0.90 |
| 06875VAJ9 | Barrow Hanley Clo Iii Ltd | BARHN | 8.03 | 04/20/2037 | 1,000,000.00 | 1,003,394.00 | 0.90 |
| 37186XAY1 | Genesis Sales Finance Master Trust | GSFMT | 6.26 | 12/20/2032 | 1,000,000.00 | 1,008,302.00 | 0.90 |
| 431318BC7 | Hilcorp Energy I Lp / Hilcorp Finance Co | HILCRP | 8.38 | 11/01/2033 | 975,000.00 | 1,008,669.00 | 0.90 |
| 28623MBA6 | Elevation Clo 2021-12 Ltd | AWPT | 9.24 | 04/20/2037 | 1,000,000.00 | 1,006,700.00 | 0.90 |
| BL5098621 | Brookfield Ppty Ret Hld | BPYU | 7.66 | 05/28/2030 | 997,500.00 | 1,000,991.00 | 0.90 |
| 05592AAL4 | BPR Trust 2021-ty | BPR | 6.5 | 09/25/2038 | 1,000,000.00 | 997,500.00 | 0.89 |
| 05613UAJ0 | BX Trust 2025-dime | BX | 7.03 | 02/15/2030 | 1,000,000.00 | 999,377.00 | 0.89 |
| 38144GAG6 | Goldman Sachs Group Inc/the | GS | 3.65 | 02/10/2173 | 1,000,000.00 | 980,389.00 | 0.88 |
| XS30533663 | Taurus 2025-3 Uk Designated Activity Co | TAURS | — | 07/20/2035 | 750,000.00 | 979,373.00 | 0.88 |
| 12433HAJ3 | BX Commercial Mortgage Trust 2025-bcat | BX | 7.53 | 08/15/2042 | 958,285.00 | 962,162.00 | 0.86 |
| 66858HBG0 | Northwoods Capital 22 Ltd | WOODS | 8.97 | 09/16/2031 | 950,000.00 | 950,000.00 | 0.85 |
| 682413AG4 | ONE 2021-park Mortgage Trust | ONP | 5.65 | 03/15/2036 | 1,000,000.00 | 949,299.00 | 0.85 |
| 123912AJ6 | BX Trust 2025-tail | BX | 7.33 | 06/15/2035 | 940,000.00 | 939,348.00 | 0.84 |
| 12433CAG0 | BX Commercial Mortgage Trust 2024-airc | BX | 7.12 | 08/15/2039 | 936,195.00 | 937,950.00 | 0.84 |
| 05555HAN0 | BFLD 2024-wrhs Mortgage Trust | BFLD | 7.72 | 08/15/2026 | 926,997.00 | 925,837.00 | 0.83 |
| B8AE093V0 | Parfums De Marly | — | — | 09/01/2028 | 935,000.00 | 925,650.00 | 0.83 |
| 91282CLK5 | United States Treasury Note/bond | T | 3.63 | 08/31/2029 | 915,000.00 | 913,927.00 | 0.82 |
| 978097AG8 | Wolverine World Wide Inc | WWW | 4.0 | 08/15/2029 | 975,000.00 | 892,427.00 | 0.80 |
| 23918KAT5 | Davita Inc | DVA | 3.75 | 02/15/2031 | 975,000.00 | 895,851.00 | 0.80 |
| 109641AK6 | Brinker International Inc | EAT | 8.25 | 07/15/2030 | 825,000.00 | 874,386.00 | 0.78 |
| 880349AU9 | Tenneco Inc | TENINC | 8.0 | 11/17/2028 | 875,000.00 | 873,048.00 | 0.78 |
| 00834BAK3 | Affirm Asset Securitization Trust 2024-a | AFFRM | 9.17 | 02/15/2029 | 850,000.00 | 855,103.00 | 0.77 |
| B8ADVZ4C1 | Denali Intermediate Hldg Inc | — | 9.67 | 05/31/2032 | 848,345.00 | 846,223.00 | 0.76 |
| B8ADUQNJ6 | Nidda Healthcare Hldg Gmbh | — | 8.72 | 05/31/2032 | 650,000.00 | 853,478.00 | 0.76 |
| 845467AT6 | Expand Energy Corp | EXE | 4.75 | 02/01/2032 | 850,000.00 | 835,964.00 | 0.75 |
| 89116CKP1 | Toronto-dominion Bank/the | TD | 7.25 | 07/31/2084 | 785,000.00 | 827,607.00 | 0.74 |
| 780082AR4 | Royal Bank Of Canada | RY | 7.5 | 05/02/2084 | 750,000.00 | 793,125.00 | 0.71 |
| BW5YXJ0 | EG Global Finance Plc | EGBLFN | 11.0 | 11/30/2028 | 625,000.00 | 784,342.00 | 0.70 |
| BMYGPJ1 | Preem Ab | PREEM | 12.0 | 06/30/2027 | 656,000.00 | 774,361.00 | 0.69 |
| 12433EAN1 | BX Trust 2022-lba6 | BX | 6.73 | 01/15/2039 | 750,000.00 | 748,601.00 | 0.67 |
| 05593VAN3 | BX Trust 2025-roic | BX | 6.97 | 03/15/2030 | 747,086.00 | 742,416.00 | 0.66 |
| CURRENCY | Currency | — | — | — | 591,283.00 | 727,240.00 | 0.65 |
| B8AEN8446 | AREP Va Data Center | — | — | 07/30/2028 | 710,345.00 | 710,345.00 | 0.64 |
| 05555VAC3 | BFLD 2024-vict Mortgage Trust | BFLD | 6.62 | 07/15/2041 | 700,000.00 | 698,262.00 | 0.63 |
| BRCD5D3 | Grifols Sa | GRFSM | 7.13 | 05/01/2030 | 580,000.00 | 701,248.00 | 0.63 |
| BL0HM90 | Ivory Coast Government International Bon | IVYCST | 5.88 | 10/17/2031 | 600,000.00 | 694,529.00 | 0.62 |
| 983133AA7 | WYNN Resorts Finance Llc / Wynn Resorts | WYNFIN | 5.13 | 10/01/2029 | 675,000.00 | 675,225.00 | 0.60 |
| XS29305389 | LUGO Funding Dac | LUGO | 4.03 | 05/26/2066 | 600,000.00 | 671,940.00 | 0.60 |
| XS31715606 | PRPM Fundido 2025-2 Dac | FUNDD | — | 01/29/2075 | 600,000.00 | 655,405.00 | 0.59 |
| 08163XAC7 | Benchmark 2024-v5 Mortgage Trust | BMARK | 2.97 | 01/01/2057 | 8,000,000.00 | 661,082.00 | 0.59 |
| BL4795565 | Hudson River Trading Llc | HURVTR | 6.78 | 03/18/2030 | 642,159.00 | 642,388.00 | 0.58 |
| 445545AX4 | Hungary Government International Bond | REPHUN | 6.75 | 09/23/2055 | 565,000.00 | 612,247.00 | 0.55 |
| 09660QAA2 | BMO 2024-5c3 Xd | BMO | 2.86 | 02/01/2057 | 7,250,000.00 | 588,777.00 | 0.53 |
| BL5270121 | ROOT Bidco Sarl | EURCRO | 5.0 | 09/24/2030 | 525,000.00 | 586,684.00 | 0.53 |
| 221625AV8 | Ivory Coast Government International Bon | IVYCST | 8.08 | 04/01/2036 | 550,000.00 | 577,637.00 | 0.52 |
| B8AEKNLW5 | Aptive Environmental Llc | — | 8.78 | 10/31/2032 | 583,214.00 | 577,381.00 | 0.52 |
| B8ADRJ0H5 | Clubcorp Holdings Inc | — | 9.16 | 04/30/2032 | 588,775.00 | 583,946.00 | 0.52 |
| B8ACXJ742 | Dukes Education Group Ltd | — | 8.15 | 11/25/2028 | 443,922.00 | 583,180.00 | 0.52 |
| B8ADAMRM6 | International Park Hldgs Bv | — | 7.29 | 12/31/2031 | 500,000.00 | 566,239.00 | 0.51 |
| 131347CP9 | Calpine Corp | CPN | 4.63 | 02/01/2029 | 575,000.00 | 571,217.00 | 0.51 |
| 081927AH8 | Benchmark 2024-v6 Mortgage Trust | BMARK | 3.26 | 03/01/2057 | 6,000,000.00 | 571,650.00 | 0.51 |
| BL5083276 | Voyager Parent Llc | EVRI | 8.75 | 07/01/2032 | 575,000.00 | 574,101.00 | 0.51 |
| BL5184058 | Allied Universal Holdco Llc | UNSEAM | 7.51 | 08/20/2032 | 550,000.00 | 551,843.00 | 0.49 |
| 44267DAE7 | Howard Hughes Corp/the | HHH | 4.13 | 02/01/2029 | 575,000.00 | 552,645.00 | 0.49 |
| 603051AE3 | Mineral Resources Ltd | MINAU | 9.25 | 10/01/2028 | 500,000.00 | 523,970.00 | 0.47 |
| 579063AB4 | Mcafee Corp | MCFE | 7.38 | 02/15/2030 | 575,000.00 | 529,005.00 | 0.47 |
| BL5018603 | Alltech Inc | ALLTEC | 8.53 | 08/13/2030 | 521,672.00 | 522,975.00 | 0.47 |
| 59170JBB3 | Metronet Infrastructure Issuer Llc | MNET | 7.83 | 08/20/2055 | 500,000.00 | 504,837.00 | 0.45 |
| 21979LAB2 | Coronado Finance Pty Ltd | CRNAU | 9.25 | 10/01/2029 | 550,000.00 | 498,025.00 | 0.45 |
| 12433FAG3 | BX Commercial Mortgage Trust 2025-spot | BX | 6.52 | 04/15/2040 | 499,166.00 | 499,789.00 | 0.45 |
| 12433FAJ7 | BX Commercial Mortgage Trust 2025-spot | BX | 7.72 | 04/15/2040 | 499,166.00 | 501,661.00 | 0.45 |
| 1248EPCK7 | CCO Holdings Llc / Cco Holdings Capital | CHTR | 4.25 | 02/01/2031 | 548,000.00 | 496,507.00 | 0.44 |
| BL4940195 | J&J Ventures Gaming Llc | JJVEGA | 7.66 | 04/26/2030 | 500,000.00 | 493,958.00 | 0.44 |
| BL5118916 | Bingo Holdings I Llc | AGS | 8.75 | 06/30/2032 | 500,000.00 | 493,594.00 | 0.44 |
| BL5173622 | Action Environmental Gro | ACTENV | 7.25 | 10/24/2030 | 489,055.00 | 488,443.00 | 0.44 |
| 172967PK1 | Citigroup Inc | C | 7.13 | 11/15/2173 | 470,000.00 | 484,164.00 | 0.43 |
| BL5193216 | Qnity Electronics Inc | QNTELE | — | 08/12/2032 | 475,000.00 | 474,406.00 | 0.42 |
| 80874DAA4 | Scientific Games Holdings Lp/scientific | SCGALO | 6.63 | 03/01/2030 | 500,000.00 | 456,399.00 | 0.41 |
| 039955AJ8 | ARES Trust 2025-ind3 | ARES1 | 6.58 | 04/15/2027 | 450,000.00 | 450,281.00 | 0.40 |
| XS31869441 | Clavel Residential 4 Dac | CLAVE | — | 10/28/2066 | 400,000.00 | 443,068.00 | 0.40 |
| BF2D3D5 | Eskom Holdings | ESKOM | 8.45 | 08/10/2028 | 404,000.00 | 431,680.00 | 0.39 |
| BL3679885 | Upstream Newco Inc | UPSREH | 8.82 | 11/20/2026 | 496,114.00 | 427,485.00 | 0.38 |
| BL4949832 | Clarios Global Lp | POWSOL | 6.91 | 01/28/2032 | 425,000.00 | 423,583.00 | 0.38 |
| B8ADQ6J27 | Doncasters Us Fin Llc | — | — | 04/01/2030 | 420,000.00 | 422,801.00 | 0.38 |
| 335934AX3 | First Quantum Minerals Ltd | FMCN | 7.25 | 02/15/2034 | 405,000.00 | 419,175.00 | 0.38 |
| 98313RAH9 | WYNN Macau Ltd | WYNMAC | 5.63 | 08/26/2028 | 425,000.00 | 424,362.00 | 0.38 |
| 57779EAA6 | Maxim Crane Works Holdings Capital Llc | CLDCRN | 11.5 | 09/01/2028 | 400,000.00 | 424,639.00 | 0.38 |
| BL4978666 | Genesys Cloud Services | GCTI | 6.66 | 01/30/2032 | 421,690.00 | 416,418.00 | 0.37 |
| BNXM9K6 | Herens Midco Sarl | LNZING | 5.25 | 05/15/2029 | 710,000.00 | 416,449.00 | 0.37 |
| BL5173515 | Amneal Pharmaceuticals Llc | AMNPHA | 7.66 | 08/02/2032 | 400,000.00 | 402,500.00 | 0.36 |
| BL4803666 | Qualitytech Lp | QTS | 7.61 | 11/04/2031 | 398,000.00 | 398,497.00 | 0.36 |
| 92332YAF8 | Venture Global Lng Inc | VENLNG | 9.0 | 03/30/2173 | 415,000.00 | 387,879.00 | 0.35 |
| BL5173432 | Savage Enterprises Llc | SAVENT | 6.61 | 08/04/2032 | 374,063.00 | 374,623.00 | 0.34 |
| BMW62K3 | Colombia Government International Bond | COLOM | 3.75 | 09/19/2028 | 330,000.00 | 378,824.00 | 0.34 |
| USP9190PAM | Total Play Telecomunicaciones Sa De Cv | TOTALP | 11.13 | 12/31/2032 | 400,000.00 | 384,600.00 | 0.34 |
| BL4985299 | Boxer Parent Co Inc | BMC | 7.2 | 07/30/2031 | 370,017.00 | 367,356.00 | 0.33 |
| BL4938967 | Gloves Buyer Inc | PROINP | 8.16 | 05/21/2032 | 350,000.00 | 344,020.00 | 0.31 |
| BFB5ML3 | Mexico City Airport Trust | MEXCAT | 5.5 | 07/31/2047 | 400,000.00 | 351,168.00 | 0.31 |
| BQ0G6D4 | Bellis Acquisition Co Plc | ASSDLN | 8.0 | 07/01/2031 | 296,000.00 | 344,596.00 | 0.31 |
| BL5133808 | Inmar Inc | INMARI | 8.61 | 10/30/2031 | 346,569.00 | 343,969.00 | 0.31 |
| BL5143047 | Crown Finance Us Inc | CINELN | 8.63 | 12/02/2031 | 349,500.00 | 348,043.00 | 0.31 |
| BL5176518 | Entain Holdings Gibralta | ENTLN | 6.37 | 10/31/2029 | 346,500.00 | 346,229.00 | 0.31 |
| BL5042678 | Vista Management Holding | VSTJET | 7.74 | 04/01/2031 | 346,500.00 | 348,449.00 | 0.31 |
| BL5019718 | RED Spv Llc | NWFOOD | 6.28 | 03/15/2032 | 349,125.00 | 349,125.00 | 0.31 |
| BL4985935 | Focus Financial Partners Llc | FOCS | 6.91 | 09/15/2031 | 347,375.00 | 348,026.00 | 0.31 |
| BL4990463 | GFL Es Us Llc | GFLES | 6.67 | 03/03/2032 | 350,000.00 | 349,708.00 | 0.31 |
| BL5101953 | Gategroup Us Finance Inc | GATESW | 6.24 | 06/10/2032 | 323,375.00 | 322,970.00 | 0.29 |
| BL5173895 | NEON Maple Us Debt Merge | NVEICN | 6.91 | 11/17/2031 | 323,377.00 | 323,319.00 | 0.29 |
| BL4808012 | TPC Group Inc | TPCG | 9.77 | 11/24/2031 | 348,250.00 | 329,096.00 | 0.29 |
| B8AE266B5 | Envision Healthcare Operating Inc | — | 10.66 | 12/31/2030 | 319,492.00 | 319,890.00 | 0.29 |
| 71654QDL3 | Petroleos Mexicanos | PEMEX | 8.75 | 06/02/2029 | 300,000.00 | 323,970.00 | 0.29 |
| 31556TAA7 | Fertitta Entertainment Llc / Fertitta En | FRTITA | 4.63 | 01/15/2029 | 325,000.00 | 310,865.00 | 0.28 |
| 854938AA5 | STAR Leasing Co Llc | TRAILR | 7.63 | 02/15/2030 | 325,000.00 | 307,509.00 | 0.28 |
| 05593RAJ1 | BMO 2024-5c5 Mortgage Trust | BMO | 2.48 | 02/01/2057 | 3,975,000.00 | 309,663.00 | 0.28 |
| BL4843290 | Sandisk Corp | SNDK | 7.14 | 02/20/2032 | 315,000.00 | 315,000.00 | 0.28 |
| BL4583441 | Trulite Glass & Aluminum Solutions Llc | TRUGLA | 9.98 | 03/01/2030 | 315,917.00 | 311,178.00 | 0.28 |
| BL4649028 | GEON Performance Solutions Llc | GEPESO | 8.51 | 08/18/2028 | 344,256.00 | 314,994.00 | 0.28 |
| BL5017431 | TK Elevator Us Newco Inc | THYELE | 7.2 | 04/30/2030 | 316,389.00 | 318,118.00 | 0.28 |
| BZ97T10 | Angolan Government International Bond | ANGOL | 9.5 | 11/12/2025 | 310,000.00 | 310,000.00 | 0.28 |
| BL5024205 | Rockpoint Gas Storage Pa | ROCGAS | 7.0 | 09/18/2031 | 304,202.00 | 304,487.00 | 0.27 |
| BL5189701 | First Student Bidco Inc | FRSTST | 6.71 | 08/15/2030 | 295,864.00 | 296,160.00 | 0.27 |
| BL5260957 | PRO Mach Group Inc | PRMACH | 6.78 | 10/09/2032 | 300,000.00 | 300,562.00 | 0.27 |
| BL4760684 | Crosby Us Acquisition Corp | CROSBY | 7.66 | 08/16/2029 | 294,769.00 | 296,463.00 | 0.27 |
| BL4417558 | CLUE Opco Llc | FWRD | 8.81 | 12/19/2030 | 307,444.00 | 297,132.00 | 0.27 |
| BG206C3 | Angolan Government International Bond | ANGOL | 8.25 | 05/09/2028 | 300,000.00 | 295,485.00 | 0.26 |
| BL4811750 | Grinding Media Inc | GRIMED | 7.7 | 10/12/2028 | 297,000.00 | 295,515.00 | 0.26 |
| B8AEKHUF5 | AREP Va Data Center | — | — | 07/30/2028 | 289,655.00 | 289,654.00 | 0.26 |
| 11283YAG5 | Brookfield Residential Properties Inc / | BRPCN | 5.0 | 06/15/2029 | 300,000.00 | 287,433.00 | 0.26 |
| 146869AN2 | Carvana Co | CVNA | 9.0 | 06/01/2030 | 275,000.00 | 287,380.00 | 0.26 |
| BL5190030 | Jefferies Finance Llc | JEFFIN | 6.8 | 10/21/2031 | 297,750.00 | 291,795.00 | 0.26 |
| BL5224490 | Level 3 Financing Inc | LVLT | 7.42 | 03/29/2032 | 275,000.00 | 274,140.00 | 0.25 |
| BL5049814 | Madison Iaq Llc | MADIAQ | 7.45 | 05/06/2032 | 274,313.00 | 274,655.00 | 0.25 |
| BL5133691 | Nourish Buyer I Inc | NOUBUY | 8.55 | 07/08/2032 | 275,000.00 | 274,312.00 | 0.25 |
| 278768AC0 | Echostar Corp | SATS | 10.75 | 11/30/2029 | 250,000.00 | 275,277.00 | 0.25 |
| 071734AN7 | Bausch Health Cos Inc | BHCCN | 4.88 | 06/01/2028 | 300,000.00 | 274,506.00 | 0.25 |
| 67091TAF2 | OCP Sa | OCPMR | 6.75 | 05/02/2034 | 260,000.00 | 281,710.00 | 0.25 |
| B8ADX0WW1 | Doncasters Us Finance Llc | — | 10.8 | 04/23/2030 | 278,600.00 | 281,386.00 | 0.25 |
| BL4985588 | Athenahealth Group Inc | ATHENA | 6.91 | 02/15/2029 | 275,073.00 | 273,698.00 | 0.25 |
| BL4871903 | Acrisure Llc | ACRISU | 7.16 | 11/06/2030 | 270,844.00 | 270,336.00 | 0.24 |
| BL4845451 | TEI Holdings Inc | CRIPRE | 8.0 | 04/09/2031 | 273,312.00 | 270,578.00 | 0.24 |
| BL4587764 | Magnera Corp | MAGN | 8.45 | 11/04/2031 | 280,094.00 | 262,587.00 | 0.24 |
| BL4622678 | Lumen Technologies Inc | LUMN | 6.63 | 04/15/2029 | 273,602.00 | 271,464.00 | 0.24 |
| BL4645844 | Doncasters Finance Us Llc | DONCAS | 10.5 | 04/23/2030 | 265,950.00 | 268,609.00 | 0.24 |
| B8ADGKST8 | NEW Generation Gas Gathering Llc | — | 4.3 | 09/30/2029 | 275,675.00 | 271,539.00 | 0.24 |
| 59284MAD6 | Mexico City Airport Trust | MEXCAT | 5.5 | 07/31/2047 | 300,000.00 | 263,376.00 | 0.24 |
| 04433LAA0 | Ashland Inc | ASH | 3.38 | 09/01/2031 | 300,000.00 | 267,538.00 | 0.24 |
| BMW2PR9 | Colombia Government International Bond | COLOM | 5.0 | 09/19/2032 | 240,000.00 | 270,342.00 | 0.24 |
| BL4843258 | Discovery Energy Holding | DISENE | 7.75 | 05/01/2031 | 251,886.00 | 252,515.00 | 0.23 |
| BL4922748 | Graftech Global Enterpri | EAF | 10.16 | 12/21/2029 | 254,545.00 | 258,363.00 | 0.23 |
| BL4985356 | Azuria Water Solutn Inc | AEGN | 7.16 | 05/17/2028 | 245,650.00 | 246,724.00 | 0.22 |
| BL4978641 | Recess Holdings Inc | RECESS | 8.07 | 02/20/2030 | 247,257.00 | 248,122.00 | 0.22 |
| BL4842664 | Phoenix Guarantor Inc | BRIHEA | 6.66 | 02/21/2031 | 246,262.00 | 246,724.00 | 0.22 |
| BL4789972 | MRC Global Us Inc | MRC | 7.66 | 10/29/2031 | 248,750.00 | 249,371.00 | 0.22 |
| BL4763795 | DAVE & Buster's Inc | PLAY | 7.56 | 11/01/2031 | 271,628.00 | 242,088.00 | 0.22 |
| BL4070472 | CSC Holdings Llc | CSCHLD | 8.53 | 01/18/2028 | 244,962.00 | 242,359.00 | 0.22 |
| BL3764356 | AMG Nv | AMGNA | 7.78 | 11/30/2028 | 246,164.00 | 244,932.00 | 0.22 |
| BL4045797 | Tenneco Inc | TENINC | 9.3 | 11/17/2028 | 250,000.00 | 245,659.00 | 0.22 |
| BL3425255 | Gainwell Acquisition Corp | MILACQ | 8.1 | 10/01/2027 | 249,756.00 | 246,633.00 | 0.22 |
| BDGLXV9 | Autopistas Del Sol Sa/costa Rica | AUTSOL | 7.38 | 12/30/2030 | 244,936.00 | 242,180.00 | 0.22 |
| 70932MAC1 | Pennymac Financial Services Inc | PFSI | 5.75 | 09/15/2031 | 250,000.00 | 249,491.00 | 0.22 |
| BL5272283 | Raising Cane's Restauran | RZNCAN | 2.0 | 10/24/2032 | 250,000.00 | 249,635.00 | 0.22 |
| BL5189412 | ECL Entertainment Llc | ECLENT | 7.16 | 08/30/2030 | 250,000.00 | 248,750.00 | 0.22 |
| BL5177623 | Azorra Soar Tlb Finance | AZORRA | 6.79 | 10/18/2029 | 247,593.00 | 248,211.00 | 0.22 |
| BL5125440 | Cinemark Usa Inc | CNK | 6.37 | 05/24/2030 | 245,648.00 | 245,571.00 | 0.22 |
| BL5024569 | Loire Finco Luxembourg | LGCLTD | 8.31 | 01/28/2030 | 248,752.00 | 248,958.00 | 0.22 |
| BL5173457 | Alliance Laundry Systems | ALH | 6.16 | 08/19/2031 | 238,675.00 | 238,840.00 | 0.21 |
| BL5192010 | Belfor Holdings Inc | BELFUS | 6.91 | 11/01/2030 | 238,896.00 | 239,194.00 | 0.21 |
| BL5262839 | WIN Waste Innovations Ho | WHETEC | 3.25 | 03/24/2028 | 234,413.00 | 235,731.00 | 0.21 |
| 810186AW6 | Scotts Miracle-gro Co/the | SMG | 4.38 | 02/01/2032 | 250,000.00 | 231,370.00 | 0.21 |
| 143658BY7 | Carnival Corp | CCL | 5.75 | 03/15/2030 | 225,000.00 | 231,750.00 | 0.21 |
| 16115QAF7 | Chart Industries Inc | GTLS | 7.5 | 01/01/2030 | 225,000.00 | 234,578.00 | 0.21 |
| BD35RT0 | Ivory Coast Government International Bon | IVYCST | 5.25 | 03/22/2030 | 201,000.00 | 232,261.00 | 0.21 |
| BL3643378 | TGP Holdings Iii Llc | TGPHLD | 7.51 | 06/29/2028 | 249,729.00 | 232,911.00 | 0.21 |
| BL4569150 | Imagine Learning Llc/az | WELDNE | 7.66 | 12/21/2029 | 246,250.00 | 222,958.00 | 0.20 |
| BL4883627 | Mcafee Corp | MCFE | 7.09 | 03/01/2029 | 234,089.00 | 222,091.00 | 0.20 |
| B8ACXD562 | NEW Generation Gas Gathering Llc | — | 4.04 | 09/30/2029 | 229,730.00 | 226,283.00 | 0.20 |
| B8ADVAEX9 | NEW Generation Gas Gathering Llc | — | 4.3 | 09/30/2029 | 229,729.00 | 226,283.00 | 0.20 |
| 25470XAY1 | DISH Dbs Corp | DISH | 7.75 | 07/01/2026 | 225,000.00 | 222,686.00 | 0.20 |
| 143658BR2 | Carnival Corp | CCL | 6.0 | 05/01/2029 | 225,000.00 | 228,375.00 | 0.20 |
| BL5179868 | Covia Holdings Llc | CVIA | 6.71 | 02/26/2032 | 224,438.00 | 224,718.00 | 0.20 |
| BL5180056 | Emrld Borrower Lp | EMECLI | 6.12 | 08/04/2031 | 221,510.00 | 220,433.00 | 0.20 |
| BL5126513 | Bausch + Lomb Corp | BLCOCN | 8.41 | 01/15/2031 | 224,438.00 | 225,372.00 | 0.20 |
| BL5144268 | Fortress Intermediate | PSDO | 7.11 | 06/27/2031 | 227,028.00 | 225,893.00 | 0.20 |
| BL5147105 | CP Atlas Buyer Inc | AMBATH | 9.41 | 07/08/2030 | 225,000.00 | 221,625.00 | 0.20 |
| BL5164258 | SGH2 Llc | COLCAP | 8.51 | 08/18/2032 | 225,000.00 | 225,000.00 | 0.20 |
| BMZ6D52 | Colombia Telecomunicaciones Sa Esp | COLTEL | 4.95 | 07/17/2030 | 250,000.00 | 226,485.00 | 0.20 |
| 05508WAB1 | B&G Foods Inc | BGS | 5.25 | 09/15/2027 | 225,000.00 | 216,501.00 | 0.19 |
| 50206BAA0 | LD Celulose International Gmbh | LNZAV | 7.95 | 01/26/2032 | 200,000.00 | 210,690.00 | 0.19 |
| 707569AS8 | PENN Entertainment Inc | PENN | 5.63 | 01/15/2027 | 200,000.00 | 199,986.00 | 0.18 |
| 68560EAC2 | Orbia Advance Corp Sab De Cv | ORBIA | 6.8 | 05/13/2030 | 200,000.00 | 200,310.00 | 0.18 |
| 90932LAG2 | United Airlines Inc | UAL | 4.38 | 04/15/2026 | 200,000.00 | 199,596.00 | 0.18 |
| 125276AA3 | CFE Fibra E | FCFEMM | 5.88 | 09/23/2040 | 200,000.00 | 201,540.00 | 0.18 |
| 25381MAA5 | Digicel International Finance Ltd / Difl | DIGDIF | 8.63 | 08/01/2032 | 200,000.00 | 199,500.00 | 0.18 |
| 35906ABG2 | Frontier Communications Holdings Llc | FYBR | 6.75 | 05/01/2029 | 200,000.00 | 201,999.00 | 0.18 |
| 36273XAA9 | GS Mortgage Securities Corp Trust 2025-8 | GSMS | 6.68 | 11/25/2041 | 205,000.00 | 205,514.00 | 0.18 |
| 44644NAD1 | Huntington Bank Auto Credit-linked Notes | HACLN | 9.43 | 05/20/2032 | 193,782.00 | 197,836.00 | 0.18 |
| BL4979144 | Mavis Tire Express Servi | EOCGRO | 7.2 | 05/04/2028 | 198,502.00 | 198,811.00 | 0.18 |
| BL4124436 | Asurion Llc | ASUCOR | 8.51 | 08/21/2028 | 195,980.00 | 196,616.00 | 0.18 |
| BL4760759 | Synechron Inc | SYNECH | 8.06 | 10/03/2031 | 200,000.00 | 199,000.00 | 0.18 |
| BL4687465 | APRO Llc | UNIPAC | 7.68 | 07/09/2031 | 198,000.00 | 197,010.00 | 0.18 |
| BL3925031 | IRIS Holding Inc | ITPCN | 9.16 | 06/28/2028 | 210,657.00 | 204,172.00 | 0.18 |
| BL3473057 | Trugreen Lp | SVMSTR | 8.26 | 11/02/2027 | 200,784.00 | 196,517.00 | 0.18 |
| BL5126489 | Tidal Waste & Recycling | TIWARE | 7.0 | 10/24/2031 | 199,000.00 | 199,497.00 | 0.18 |
| BL5189347 | INDY Us Holdco Llc | INDYUS | 6.66 | 10/31/2030 | 206,302.00 | 206,044.00 | 0.18 |
| BL5227857 | RING Container Technolog | RNGCON | 6.66 | 09/15/2032 | 200,000.00 | 200,000.00 | 0.18 |
| BL5258522 | PAC Aviation Internation | PACDAC | 3.25 | 10/09/2030 | 200,000.00 | 197,250.00 | 0.18 |
| BL5229473 | DEEP Blue Operating I Ll | DEEBLU | 6.88 | 09/17/2032 | 200,000.00 | 200,000.00 | 0.18 |
| BL5230414 | Pegasus Bidco Bv | REFRLN | 6.76 | 07/12/2029 | 191,123.00 | 191,003.00 | 0.17 |
| BL5229184 | Sharp Services Llc | SHPCOL | 6.99 | 09/29/2032 | 191,592.00 | 191,113.00 | 0.17 |
| BL4047090 | Tenneco Inc | TEN | 9.05 | 11/17/2028 | 196,962.00 | 193,128.00 | 0.17 |
| BL3624808 | Hyster-yale Group Inc | HY | 7.78 | 05/26/2028 | 194,368.00 | 190,723.00 | 0.17 |
| BL4778223 | Nouryon Finance Bv | SPCHEM | 7.04 | 04/03/2028 | 187,302.00 | 186,755.00 | 0.17 |
| BL4789857 | Trident Tpi Holdings Inc | TEKNI | 7.75 | 09/15/2028 | 197,006.00 | 191,905.00 | 0.17 |
| BL4810455 | Caesars Entertain Inc | CZR | 6.41 | 02/06/2031 | 195,508.00 | 193,552.00 | 0.17 |
| BL4811875 | Cotiviti Inc | VCVHHO | 6.88 | 05/01/2031 | 195,521.00 | 187,700.00 | 0.17 |
| 749571AK1 | RHP Hotel Properties Lp / Rhp Finance Co | RHP | 6.5 | 04/01/2032 | 190,000.00 | 195,403.00 | 0.17 |
| 513272AD6 | LAMB Weston Holdings Inc | LW | 4.13 | 01/31/2030 | 200,000.00 | 193,115.00 | 0.17 |
| BL4979052 | Great Outdoors Group Llc | BASSPR | 7.41 | 01/23/2032 | 175,994.00 | 175,950.00 | 0.16 |
| BL5247236 | FR Br Holdings Llc | FRBRHO | 8.19 | 10/07/2030 | 175,000.00 | 173,687.00 | 0.16 |
| BL5225620 | Plastipak Packaging Inc | PLASPK | 6.66 | 09/10/2032 | 175,000.00 | 175,036.00 | 0.16 |
| BL5179827 | Blackstone Mortgage Tr | BXMT | 6.66 | 05/09/2029 | 180,423.00 | 181,099.00 | 0.16 |
| BL5023736 | PEER Holding Iii Bv | ACTINA | 6.5 | 10/26/2030 | 173,678.00 | 173,948.00 | 0.16 |
| BL5004397 | A-AP Buyer Inc | AUSPOW | 6.75 | 09/09/2031 | 173,688.00 | 173,253.00 | 0.16 |
| BQC5P76 | Braskem Netherlands Finance Bv | BRASKM | 8.5 | 01/12/2031 | 400,000.00 | 166,560.00 | 0.15 |
| QD1NJG9O3S | Gbp/usd Fwd 20251105 Mslngb2x | GBP | — | 11/05/2025 | -4,108,931.00 | 162,030.00 | 0.15 |
| BL4850956 | VT Topco Inc | VERCOR | 7.16 | 08/09/2030 | 174,121.00 | 170,638.00 | 0.15 |
| BL4583235 | Summer Bc Holdco B Sarl | KANGRP | 9.26 | 02/15/2029 | 174,118.00 | 165,847.00 | 0.15 |
| 315293308 | Ferrellgas Partners Lp | FGPRB | — | — | 1,029.00 | 165,071.00 | 0.15 |
| 21873SAB4 | Coreweave Inc | CRWV | 9.25 | 06/01/2030 | 165,000.00 | 166,370.00 | 0.15 |
| 13323NAA0 | Camelot Return Merger Sub Inc | CNR | 8.75 | 08/01/2028 | 175,000.00 | 162,042.00 | 0.15 |
| 50106GAJ1 | Kronos Acquisition Holdings Inc | KIKCN | 10.75 | 06/30/2032 | 300,000.00 | 152,250.00 | 0.14 |
| 55342UAM6 | MPT Operating Partnership Lp / Mpt Finan | MPW | 3.5 | 03/15/2031 | 225,000.00 | 159,624.00 | 0.14 |
| 77586RAX8 | Romanian Government International Bond | ROMANI | 6.63 | 05/16/2036 | 150,000.00 | 154,026.00 | 0.14 |
| 682691AH3 | Onemain Finance Corp | OMF | 6.63 | 05/15/2029 | 150,000.00 | 154,386.00 | 0.14 |
| B8AD3A2S4 | Dukes Education Grp Ltd | — | — | 11/27/2028 | 133,675.00 | 154,080.00 | 0.14 |
| BNZHNG3 | Bellis Acquisition Co Plc | ASSDLN | 8.13 | 05/14/2030 | 125,000.00 | 158,054.00 | 0.14 |
| DCEVIEDJIE | Eur/usd Fwd 20251202 955 | EUR | — | 12/02/2025 | -11,057,612.00 | 151,072.00 | 0.14 |
| BL4990398 | Arsenal Aic Parent Llc | ARNC | 6.91 | 08/18/2030 | 155,172.00 | 155,268.00 | 0.14 |
| BL4990430 | Veritiv Operating Co | VRTV | 8.0 | 11/30/2030 | 148,872.00 | 142,607.00 | 0.13 |
| BL5116852 | Apollo Cmmrl Real Est Fin In | ARI | 7.28 | 06/13/2030 | 149,625.00 | 149,625.00 | 0.13 |
| BL5173788 | Cppib Ovm Member Us Llc | CPPOVM | 6.5 | 08/20/2031 | 148,500.00 | 148,732.00 | 0.13 |
| BL5202421 | Tiger Acquisition Llc | SABIND | 6.68 | 08/23/2032 | 149,625.00 | 149,812.00 | 0.13 |
| BL5228111 | Pinnacle Buyer Llc | SUITCI | 6.49 | 09/10/2032 | 146,774.00 | 147,324.00 | 0.13 |
| BL5236379 | Owens-illinois Group Inc | OI | 7.16 | 09/30/2032 | 150,000.00 | 149,562.00 | 0.13 |
| BL4263655 | MH Sub I Llc | INET | 8.25 | 05/03/2028 | 155,032.00 | 140,387.00 | 0.13 |
| BL4687226 | Brown Group Holding Llc | SIGLN | 6.99 | 07/01/2031 | 149,246.00 | 149,665.00 | 0.13 |
| BL4874147 | Grant Thornton Advisors | GRATHO | 6.66 | 06/02/2031 | 148,505.00 | 147,947.00 | 0.13 |
| BL4922755 | Graftech Global Enterpri | EAF | — | 12/21/2029 | 145,455.00 | 147,636.00 | 0.13 |
| BL4789873 | LC Ahab Us Bidco Llc | AMAWAT | 7.16 | 05/01/2031 | 148,124.00 | 148,124.00 | 0.13 |
| BL4485100 | DS Parent Inc | DAVSTA | 9.5 | 01/31/2031 | 148,125.00 | 135,719.00 | 0.12 |
| BL5229192 | NCR Atleos Corp | NCRATL | 7.03 | 04/16/2029 | 134,400.00 | 134,190.00 | 0.12 |
| BL5240587 | PARK River Holdings Inc | PRIMBP | 8.49 | 03/15/2031 | 125,000.00 | 125,195.00 | 0.11 |
| BL5243532 | Madison Safety & Flow | MADSAF | 6.6 | 09/26/2031 | 123,999.00 | 124,257.00 | 0.11 |
| BL5055217 | Herschend Entertainment | HERFAM | 7.41 | 05/27/2032 | 124,688.00 | 125,077.00 | 0.11 |
| O3R63S07T4 | Eur/usd Fwd 20251105 955 | EUR | — | 11/05/2025 | 86,678.00 | 125,542.00 | 0.11 |
| XS28092182 | Lorca Telecom Bondco Sa | LORCAT | 5.75 | 04/30/2029 | 100,000.00 | 119,374.00 | 0.11 |
| BL4842698 | Innio North America Hold | ADVPW | 6.13 | 11/02/2028 | 123,125.00 | 123,048.00 | 0.11 |
| 05508WAC9 | B&G Foods Inc | BGS | 8.0 | 09/15/2028 | 125,000.00 | 117,611.00 | 0.11 |
| 15853BAA9 | Champion Iron Canada Inc | CIACN | 7.88 | 07/15/2032 | 110,000.00 | 115,302.00 | 0.10 |
| BMYD8L5 | Ivory Coast Government International Bon | IVYCST | 4.88 | 01/30/2032 | 104,000.00 | 115,771.00 | 0.10 |
| BL5179751 | Brown Group Holding Llc | SIGLN | 6.66 | 07/01/2031 | 98,977.00 | 99,187.00 | 0.09 |
| BL5162617 | Crown Subsea Communicati | SUBCOM | 7.66 | 01/30/2031 | 99,748.00 | 100,271.00 | 0.09 |
| BL5246832 | EP Wealth Advisors Inc | EPWEAD | 6.89 | 10/16/2032 | 100,000.00 | 99,875.00 | 0.09 |
| 11283YAB6 | Brookfield Residential Properties Inc / | BRPCN | 6.25 | 09/15/2027 | 100,000.00 | 99,721.00 | 0.09 |
| 55342UAH7 | MPT Operating Partnership Lp / Mpt Finan | MPW | 5.0 | 10/15/2027 | 100,000.00 | 96,216.00 | 0.09 |
| BL4752996 | Paint Intermediate Iii | PAIIII | 7.24 | 10/09/2031 | 99,500.00 | 99,251.00 | 0.09 |
| B8ACYS253 | Dukes Education Group Ltd | — | 9.62 | 11/25/2028 | 67,561.00 | 88,754.00 | 0.08 |
| B8ADVZ6S4 | Denali Intermediate Hldg Inc | — | — | 05/31/2032 | 84,834.00 | 83,926.00 | 0.08 |
| 651229BG0 | Newell Brands Inc | NWL | 8.5 | 06/01/2028 | 85,000.00 | 87,470.00 | 0.08 |
| 04364VAK9 | Ascent Resources Utica Holdings Llc / Ar | ASCRES | 9.0 | 11/01/2027 | 75,000.00 | 88,694.00 | 0.08 |
| 233104AA6 | DCLI Bidco Llc | DIRCHA | 7.75 | 11/15/2029 | 85,000.00 | 86,401.00 | 0.08 |
| 2A3T5HRAEF | Gbp/usd Fwd 20251202 00187 | GBP | — | 12/02/2025 | -4,079,647.00 | 84,859.00 | 0.08 |
| 469815AK0 | Jacobs Entertainment Inc | JACENT | 6.75 | 02/15/2029 | 75,000.00 | 72,677.00 | 0.07 |
| 10554TAH8 | Braskem Netherlands Finance Bv | BRASKM | 8.5 | 01/12/2031 | 200,000.00 | 83,280.00 | 0.07 |
| B8ACYS1X3 | Dukes Education Group Ltd | — | 9.58 | 11/25/2028 | 60,913.00 | 80,021.00 | 0.07 |
| BL4431708 | Jfl-tiger Acquisition Co | HCCI | 7.75 | 10/17/2030 | 74,244.00 | 74,429.00 | 0.07 |
| BL4611499 | Supplyone Inc | SUPONE | 7.66 | 04/19/2031 | 75,000.00 | 75,078.00 | 0.07 |
| BL4845816 | MH Sub I Llc | INET | 8.41 | 12/31/2031 | 104,932.00 | 83,749.00 | 0.07 |
| BL5188117 | MIP V Waste Llc | GREWAS | 6.91 | 08/20/2032 | 74,813.00 | 74,999.00 | 0.07 |
| BL5174141 | Closure Systems Internat | CAINGR | 7.16 | 03/22/2029 | 74,064.00 | 74,319.00 | 0.07 |
| BL5233137 | Liquid Tech Solutions Ho | DISDIR | 7.58 | 10/08/2032 | 68,034.00 | 68,034.00 | 0.06 |
| B8AEBG4U3 | NEW Generation Gas Gathering Llc | — | 3.85 | 09/30/2029 | 68,918.00 | 67,884.00 | 0.06 |
| B8AE3VHV3 | Clubcorp Hldgs Inc | — | — | 07/31/2032 | 63,997.00 | 63,472.00 | 0.06 |
| 97381AAA0 | Windstream Services Llc / Windstream Esc | WIN | 8.25 | 10/01/2031 | 70,000.00 | 71,501.00 | 0.06 |
| 69331CAM0 | PG&E Corp | PCG | 7.38 | 03/15/2055 | 50,000.00 | 51,458.00 | 0.05 |
| B8AEKNM38 | Aptive Environmental Llc | — | — | 10/31/2032 | 53,458.00 | 52,923.00 | 0.05 |
| BL5189594 | First Student Bidco Inc | FRSTST | — | 08/21/2030 | 54,136.00 | 54,186.00 | 0.05 |
| B8AD39VG1 | Dukes Education Grp Ltd | — | — | 11/27/2028 | 34,427.00 | 39,681.00 | 0.04 |
| B8ACYP7L9 | Dukes Education Group Ltd | — | 9.71 | 11/25/2028 | 25,178.00 | 33,076.00 | 0.03 |
| B8AE3VDG0 | Clubcorp Hldgs Inc | — | — | 07/31/2032 | 38,398.00 | 38,083.00 | 0.03 |
| 02128LAC0 | ALTA Equipment Group Inc | ALTG | 9.0 | 06/01/2029 | 40,000.00 | 36,323.00 | 0.03 |
| BL5228103 | Pinnacle Buyer Llc | SUITCI | 2.5 | 09/10/2032 | 28,226.00 | 28,331.00 | 0.03 |
| BW5YZT4 | Talktalk Telecom Group Ltd | TALKLN | 11.75 | 03/01/2028 | 401,774.00 | 31,668.00 | 0.03 |
| 25470XBB0 | DISH Dbs Corp | DISH | 7.38 | 07/01/2028 | 25,000.00 | 23,356.00 | 0.02 |
| 25470XBD6 | DISH Dbs Corp | DISH | 5.13 | 06/01/2029 | 25,000.00 | 21,589.00 | 0.02 |
| 55342UAQ7 | MPT Operating Partnership Lp / Mpt Finan | MPW | 8.5 | 02/15/2032 | 25,000.00 | 26,272.00 | 0.02 |
| B8A9598C3 | Ferrellgas Escrow Llc 3/30/31 Preferred | — | 8.96 | 03/30/2031 | 25,000.00 | 25,000.00 | 0.02 |
| B8AEKNM04 | Aptive Environmental Llc | — | — | 10/31/2032 | 25,580.00 | 25,323.00 | 0.02 |
| B8ACYS2F1 | Dukes Education Group Ltd | — | 8.17 | 11/25/2028 | 7,402.00 | 9,723.00 | 0.01 |
| BL3572783 | First Brands Group Llc | TRICGR | 13.07 | 03/30/2028 | 600,000.00 | 8,400.00 | 0.01 |
| 3OTSAM4HCF | Eur/usd Fwd 20251105 5 | EUR | — | 11/05/2025 | -586,681.00 | 6,980.00 | 0.01 |
| FVZ5 COMDT | US 5yr Note (cbt) Dec25 | FVZ5 | — | 12/31/2025 | 7,863,188.00 | 8,621.00 | 0.01 |
| SWB8ADJ71C | Scds: (pemex) 4.75.00000 07 May 2026 | — | 4.75 | 05/07/2026 | 528,000.00 | 11,547.00 | 0.01 |
| BL5237955 | Liquid Tech Solutions Ho | DISDIR | 3.5 | 10/08/2032 | 6,966.00 | 6,965.00 | 0.01 |
| SWB8ADQ1J2 | Scds: (softbk) | — | 1.0 | 06/22/2026 | 95,000.00 | 127.00 | 0.00 |
| SWB8ADQQCR | Scds: (ivycst) | — | 1.0 | 06/20/2027 | 500,000.00 | -158.00 | 0.00 |
| SWB8AEHGA2 | Scds: (argent) | — | 5.0 | 06/22/2026 | 560,000.00 | 2,252.00 | 0.00 |
| TUZ5 COMDT | US 2yr Note (cbt) Dec25 | TUZ5 | — | 12/31/2025 | 6,871,992.00 | 552.00 | 0.00 |
| SWB8ACX1VG | CDS: (gs_24-pc-a Jul 24) | — | 1.65 | 08/02/2027 | 1,999,954.00 | 3,040.00 | 0.00 |
| SWB8ADBQLQ | Petroleos Mexicanos Cds 20251220 | — | 1.0 | 12/20/2025 | 156,000.00 | 146.00 | 0.00 |
| SWB8ADD5V2 | Petroleos Mexicanos Cds 20251224 | — | 3.75 | 12/24/2025 | 66,800.00 | 326.00 | 0.00 |
| SWB8ADG4K3 | Scds: (pemex) 4.10000 Mar 23 2026 | — | 4.1 | 03/23/2026 | 450,000.00 | 4,620.00 | 0.00 |
| UXYZ5 COMD | US 10yr Ultra Fut Dec25 | UXYZ5 | — | 12/19/2025 | -346,453.00 | 2,433.00 | 0.00 |
| 9JGH9D33TJ | Gbp/usd Fwd 20251105 Bnpafrpp | GBP | — | 11/05/2025 | 29,284.00 | -544.00 | 0.00 |
| GO8RT73BEO | Eur/usd Fwd 20251105 Mslngb2x | EUR | — | 11/05/2025 | 500,003.00 | -7,396.00 | -0.01 |
| IQBZ5 INDE | BBG Ig Credit Fut Dec25 | IQBZ5 | — | 12/16/2025 | 4,246,800.00 | -7,479.00 | -0.01 |
| P14LD14H95 | Gbp/usd Fwd 20251105 00187 | GBP | — | 11/05/2025 | 4,079,647.00 | -84,936.00 | -0.08 |
| B8ADN7NC1 | RRP Mpt Operating Partnership Lp | — | 4.25 | 12/31/2222 | -112,750.00 | -112,750.00 | -0.10 |
| B8ADN7ND9 | RRP Lamb Weston Hldgs Inc | — | 4.22 | 12/31/2222 | -168,750.00 | -168,750.00 | -0.15 |
| B8AEAC714 | RRP Ld Celulose Intl | — | 4.17 | 12/31/2222 | -184,250.00 | -184,250.00 | -0.16 |
| B8AE05Z01 | RRP B&g Foods Inc | — | 4.22 | 12/31/2222 | -173,250.00 | -173,250.00 | -0.16 |
| B8AE05Z27 | RRP United Airlines Inc | — | 4.18 | 12/31/2222 | -183,750.00 | -183,750.00 | -0.16 |
| B8ADV5E10 | RRP Penn Entertainment Inc | — | 4.22 | 12/31/2222 | -180,750.00 | -180,750.00 | -0.16 |
| B8AEAC730 | RRP Orbia Advance Corp Sab De C | — | 4.07 | 12/31/2222 | -189,500.00 | -189,500.00 | -0.17 |
| B8AE05YZ5 | RRP Carnival Corp | — | 4.18 | 12/31/2222 | -205,313.00 | -205,312.00 | -0.18 |
| B8ADV5E02 | RRP Scotts Miracle Gro Co | — | 4.22 | 12/31/2222 | -199,063.00 | -199,062.00 | -0.18 |
| B8ADV5E28 | RRP Chart Industries Inc | — | 4.22 | 12/31/2222 | -215,719.00 | -215,718.00 | -0.19 |
| B8AE05Z43 | RRP Carnival Corp | — | 4.18 | 12/31/2222 | -207,281.00 | -207,281.00 | -0.19 |
| B8AE05Z50 | RRP Echostar Corp | — | 4.18 | 12/31/2222 | -214,375.00 | -214,375.00 | -0.19 |
| B8ADYVQS8 | RRP Fertitta Entertainment | — | 4.2 | 12/31/2222 | -227,219.00 | -227,218.00 | -0.20 |
| B8ADLT2P9 | RRP Mexico City Arpt Tr | — | 4.05 | 12/31/2222 | -222,000.00 | -222,000.00 | -0.20 |
| B8AD52FL1 | RRP Pennymac Fin Svcs Inc | — | 4.2 | 12/31/2222 | -220,313.00 | -220,312.00 | -0.20 |
| B8ACVHT10 | RRP Ashland Llc | — | 4.29 | 12/31/2222 | -235,500.00 | -235,500.00 | -0.21 |
| B8AD52FM9 | RRP Ocp Sa | — | 4.2 | 12/31/2222 | -256,750.00 | -256,750.00 | -0.23 |
| B8ADN7NE7 | RRP Brookfield Residential Propert | — | 4.22 | 12/31/2222 | -252,375.00 | -252,375.00 | -0.23 |
| B8AE05Z35 | RRP Carvana Co | — | 4.18 | 12/31/2222 | -261,594.00 | -261,593.00 | -0.23 |
| B8AE05Z19 | RRP Star Leasing Co Llc | — | 4.18 | 12/31/2222 | -266,906.00 | -266,906.00 | -0.24 |
| B8AE80R11 | RRP Venture Global Lng Inc | — | 4.21 | 12/31/2222 | -354,500.00 | -354,500.00 | -0.32 |
| B8ACJD253 | RRP Wynn Macau Ltd | — | 4.32 | 12/31/2222 | -363,906.00 | -363,906.00 | -0.33 |
| B8ACTHLL7 | RRP Cco Hldgs Llc Cco Hldgs Cap Co | — | 4.29 | 12/31/2222 | -383,400.00 | -383,400.00 | -0.34 |
| B8ADLT2R5 | RRP Maxim Crane Works Hldgs Cap | — | 4.2 | 12/31/2222 | -378,500.00 | -378,500.00 | -0.34 |
| B8ADLT2S3 | RRP Mcafee Corp | — | 4.2 | 12/31/2222 | -418,750.00 | -418,750.00 | -0.37 |
| B8ACVHT02 | RRP Citigroup Inc | — | 4.29 | 12/31/2222 | -415,363.00 | -415,362.00 | -0.37 |
| B8ADLT2N4 | RRP Scientific Games Hldgs Lp | — | 4.2 | 12/31/2222 | -446,875.00 | -446,875.00 | -0.40 |
| B8ADLT2U8 | RRP Mineral Resources Ltd | — | 4.17 | 12/31/2222 | -467,500.00 | -467,500.00 | -0.42 |
| B8ACVHT28 | RRP Howard Hughes Corp | — | 4.29 | 12/31/2222 | -470,063.00 | -470,062.00 | -0.42 |
| B8ACZNPB5 | RRP Calpine Corp | — | 4.27 | 12/31/2222 | -475,063.00 | -475,062.00 | -0.43 |
| B8AD52FN7 | RRP Coronado Fin Pty Ltd | — | 4.2 | 12/31/2222 | -488,125.00 | -488,125.00 | -0.44 |
| B8AE80R03 | RRP Hungary Rep Of | — | 4.07 | 12/31/2222 | -520,800.00 | -520,800.00 | -0.47 |
| B8ACDQGX4 | RRP Wynn Resorts Fin Llc | — | 4.25 | 12/31/2222 | -608,344.00 | -608,343.00 | -0.54 |
| B8AEAPRV7 | RRP Ivory Coast | — | 2.26 | 12/31/2222 | -552,750.00 | -637,127.00 | -0.57 |
| B8AEAPRU9 | RRP Grifols Sa | — | 2.26 | 12/31/2222 | -563,325.00 | -649,316.00 | -0.58 |
| B8AEC8J42 | RRP Tenneco Inc | — | 4.18 | 12/31/2222 | -681,000.00 | -681,000.00 | -0.61 |
| B8ADN7NF4 | RRP Brinker Intl Inc | — | 4.22 | 12/31/2222 | -679,000.00 | -679,000.00 | -0.61 |
| B8AEAPRT2 | RRP Eg Global Fin Plc | — | 2.26 | 12/31/2222 | -638,281.00 | -735,714.00 | -0.66 |
| B8ADLT2Q7 | RRP Wolverine World Wide Inc | — | 4.2 | 12/31/2222 | -753,188.00 | -753,187.00 | -0.67 |
| B8ACBPEV4 | RRP Southwestern Energy Co | — | 4.29 | 12/31/2222 | -743,750.00 | -743,750.00 | -0.67 |
| B8AENFZD6 | RRP Davita Inc | — | 4.28 | 12/31/2222 | -805,594.00 | -805,593.00 | -0.72 |
| B8ACJD2C8 | RRP Hudbay Minerals Inc | — | 4.32 | 12/31/2222 | -836,250.00 | -836,250.00 | -0.75 |
| B8ADUQE31 | RRP Goldman Sachs Grp Inc | — | 4.24 | 12/31/2222 | -861,250.00 | -861,250.00 | -0.77 |
| B8AEDR1D8 | RRP Virgin Media Sec Fin Plc | — | 4.77 | 12/31/2222 | -668,281.00 | -877,921.00 | -0.79 |
| B8AEAPRX3 | RRP Preem Hldg Ab | — | 2.26 | 12/31/2222 | -781,050.00 | -900,277.00 | -0.81 |
| B8ACCS547 | RRP Mgm Resorts Intl | — | 4.25 | 12/31/2222 | -907,031.00 | -907,031.00 | -0.81 |
| B8ACJD246 | RRP Caesars Entertainment Inc | — | 4.32 | 12/31/2222 | -915,750.00 | -915,750.00 | -0.82 |
| B8ACBPEY8 | RRP Hilcorp Energy I Hilcorp Fin C | — | 4.29 | 12/31/2222 | -1,012,781.00 | -1,012,781.00 | -0.91 |
| B8ACCS554 | RRP Xpo Inc | — | 4.25 | 12/31/2222 | -1,148,438.00 | -1,148,437.00 | -1.03 |
| B8AEAPRW5 | RRP Eg Global Fin Plc | — | 2.26 | 12/31/2222 | -1,106,700.00 | -1,275,637.00 | -1.14 |
| B8ADV7P55 | RRP Montichem Holdco 3 Sa | — | 2.52 | 12/31/2222 | -1,155,000.00 | -1,331,310.00 | -1.19 |
| B8ADEFRN5 | RRP Dish Network Corp | — | 4.19 | 12/31/2222 | -1,385,625.00 | -1,385,625.00 | -1.24 |
| B8AENFZC8 | RRP Beignet Investor Llc | — | 4.05 | 12/31/2222 | -1,565,625.00 | -1,565,625.00 | -1.40 |
| B8ACFX6U4 | RRP Nrg Energy Inc | — | 4.29 | 12/31/2222 | -1,685,250.00 | -1,685,250.00 | -1.51 |
| B8ACFX6V2 | RRP Vistra Corp | — | 4.29 | 12/31/2222 | -2,072,875.00 | -2,072,875.00 | -1.86 |
| B8ACG8CH0 | RRP Bombardier Inc | — | 4.29 | 12/31/2222 | -2,085,000.00 | -2,085,000.00 | -1.87 |
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”).
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ABOUT
PGIM Fixed Income, with $862 billion in assets under management as of March 31, 2025, is a global asset manager offering active solutions across all fixed income markets. The company has offices in Newark, N.J., London, Tokyo and Singapore. At PGIM Fixed Income we believe that research-driven security selection is the most consistent strategy for adding value to client portfolios. The firm complements that base strategy with active sector rotation, duration management, and superior trade execution. Risk budgeting is central to this approach. PGIM Limited is also a subadvisor on this fund. 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.
Richard Piccirillo, Tyler Thorn, Edwin Wilches, and Brian Juliano of PGIM Fixed Income are primarily responsible for management of the PGIM Credit Income Fund (Interval Fund).
Richard Piccirillo
Managing Director and Co-head on PGIM Fixed Income's Multi-Sector Team
Richard Piccirillo is a Managing Director and one of the co-heads on the Multi-Sector Team at PGIM Fixed Income.
Tyler Thorn
Principal and Portfolio Manager for PGIM Fixed Income's Multi-Sector Team
Tyler Thorn is a Principal and a portfolio manager on the Multi-Sector Team at PGIM Fixed Income.
Edwin Wilches, CFA
Managing Director and Co-Head of PGIM Fixed Income Securitized Products team
Edwin Wilches, CFA, is a Managing Director and Co-Head of PGIM Fixed Income’s Securitized Products team.
Brian Juliano
Managing Director and Head of the U.S. Leveraged Loan Team
PGIM Fixed Income
Brian Juliano is a Managing Director and Head of the U.S. Leveraged Loan Team for PGIM Fixed Income.
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.
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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.
Consider a fund's investment objectives, risks, charges and expenses carefully before investing. The prospectus and summary prospectus contain this and other information about the fund. For more information about a fund, click on the prospectus or summary prospectus link above. Read them carefully before investing.
Investment products are distributed by Prudential Investment Management Services LLC (PIMS), member FINRA and SIPC. PGIM Investments is a registered investment advisor and investment manager to PGIM registered investment companies. PGIM Fixed Income 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. ©2025 Prudential Financial, Inc. and its related entities. PGIM, PGIM Investments, PGIM Fixed Income, PGIM Limited, and the PGIM logo are service marks of Prudential Financial, Inc. and its related entities, registered in many jurisdictions worldwide.
This material is being provided for informational or educational purposes only and does not take into account the investment objectives or financial situation of any client or prospective clients. The information is not intended as investment advice and is not a recommendation. Clients seeking information regarding their particular investment needs should contact their financial professional.
INVESTMENT PRODUCTS | Are not insured by the FDIC or any federal government agency | May lose value | Are not a deposit of or guaranteed by any bank or any bank affiliate.
Prudential Financial, Inc. of the United States is not affiliated in any manner with Prudential plc, incorporated in the United Kingdom or with Prudential Assurance Company, a subsidiary of M&G plc, incorporated in the United Kingdom.
4966597 Ed. 11/2025
Fund Literature
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