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) | 9.2 |
| 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. 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 | 24.79 | N/C 0.00 | 0.00 | 25.56 | 10,377.92 |
| C | 24.86 | N/C 0.00 | 0.00 | — | 10,366.41 |
| Z | 24.89 | N/C 0.00 | 0.00 | — | 112,192,626.69 |
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 | 25.91 | 02/26/2025 | 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 | 5.5% |
| BBB | 24.7% |
| BB | 38.5% |
| B | 34.9% |
| CCC | 2.6% |
| Not Rated | 17.0% |
| Cash/Equiv | -27.1% |
Sector Breakdown (% of Assets)
|
Sector Breakdown
|
% of Assets
|
|---|---|
| Bank Loans | 41.7% |
| High Yield Corporates | 31.0% |
| ABS | 18.1% |
| Commercial MBS | 17.1% |
| Emerging Markets Hard Currency | 6.9% |
| Non Agency MBS | 5.8% |
| Inv Grade Corp | 5.6% |
| U.S. Treasuries | 0.8% |
| Cash/Equiv | -27.1% |
Fund Statistics
| Average Maturity (years) | 9.2 |
|---|---|
| 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.
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, 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. ©2026 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
|
|---|---|---|---|---|---|---|---|
| 92840MAC6 | Vistra Corp | VST | 7.0 | 06/15/2174 | 2,300,000.00 | 2,331,466.00 | 2.07 |
| 629377CU4 | NRG Energy Inc | NRG | 10.25 | 09/15/2174 | 1,800,000.00 | 1,960,621.00 | 1.74 |
| B8AC6L2G5 | Hurricane Cleanco Limited | — | 6.25 | 10/31/2029 | 1,341,956.00 | 1,901,142.00 | 1.69 |
| XS28110889 | Monument Clo 1 Dac | MNMNT | 6.41 | 05/15/2037 | 1,500,000.00 | 1,769,712.00 | 1.57 |
| 69391NAA9 | PMT Credit Risk Transfer Trust 2024-2r | PMTCR | 7.22 | 03/29/2027 | 1,712,900.00 | 1,729,462.00 | 1.54 |
| 73015AAA5 | PMT Credit Risk Transfer Trust 2024-1r | PMTCR | 7.37 | 05/25/2033 | 1,703,197.00 | 1,721,547.00 | 1.53 |
| 076912AA2 | Beignet Investor Llc | RPLDCI | 6.58 | 05/30/2049 | 1,599,000.00 | 1,692,807.00 | 1.50 |
| XS26150064 | Monitchem Holdco 3 Sa | CABBCO | 8.75 | 05/01/2028 | 1,445,000.00 | 1,656,830.00 | 1.47 |
| 25470MAG4 | DISH Network Corp | DISH | 11.75 | 11/15/2027 | 1,525,000.00 | 1,586,928.00 | 1.41 |
| 223929AJ9 | CQS Us Clo 2023-3 Ltd | CQS | 8.06 | 01/25/2037 | 1,500,000.00 | 1,519,659.00 | 1.35 |
| 98877JAG7 | Z CApital Credit Partners Bsl Clo 2024-1 | ZBSL | 7.54 | 04/16/2036 | 1,500,000.00 | 1,509,978.00 | 1.34 |
| 74440E201 | PGIM Core Ultra Short Bond Fund | — | 4.01 | 12/01/2099 | 1,432,720.00 | 1,432,719.00 | 1.27 |
| XS27199989 | EG Global Finance Plc | EGBLFN | 11.0 | 11/30/2028 | 1,085,000.00 | 1,376,755.00 | 1.22 |
| 36267QAA2 | CLUE Opco Llc | FWRD | 9.5 | 10/15/2031 | 1,263,000.00 | 1,333,662.00 | 1.18 |
| 95003EAE6 | Wells Fargo Commercial Mortgage Trust 20 | WFCM | 6.27 | 05/15/2031 | 1,300,000.00 | 1,297,820.00 | 1.15 |
| B8ADKYD51 | Constellation Automotive Grp Ltd | — | 8.37 | 02/28/2031 | 1,000,000.00 | 1,181,076.00 | 1.05 |
| XS28315261 | Barings Euro Clo 2024-1 Dac | BABSE | 6.5 | 07/20/2037 | 1,000,000.00 | 1,177,355.00 | 1.05 |
| XS29045637 | Hayfin Emerald Clo V Dac | HAYEM | 6.22 | 11/17/2037 | 1,000,000.00 | 1,176,881.00 | 1.04 |
| XS27989855 | Nassau Euro Clo Iv Dac | NGCE | 5.95 | 07/20/2038 | 1,000,000.00 | 1,175,970.00 | 1.04 |
| B8ADKY7N9 | Voodoo Sas | — | 7.0 | 02/28/2030 | 1,000,000.00 | 1,160,510.00 | 1.03 |
| B8AELEUB0 | Nomura Sub Msr Participation | — | 3.7 | 06/27/2027 | 1,143,000.00 | 1,143,942.00 | 1.02 |
| B8AEVFY97 | Wedgwood Specialty Pharma Iii | — | — | 12/31/2032 | 1,107,143.00 | 1,101,607.00 | 0.98 |
| BKLXG54 | Virgin Media Secured Finance Plc | VMED | 4.25 | 01/15/2030 | 875,000.00 | 1,080,771.00 | 0.96 |
| 04940AAL6 | Atlas Senior Loan Fund Xvi Ltd | ATCLO | 7.85 | 01/20/2034 | 1,100,000.00 | 1,085,502.00 | 0.96 |
| 552953CH2 | MGM Resorts International | MGM | 4.75 | 10/15/2028 | 1,075,000.00 | 1,072,076.00 | 0.95 |
| 443628AH5 | Hudbay Minerals Inc | HBMCN | 6.13 | 04/01/2029 | 1,050,000.00 | 1,062,978.00 | 0.94 |
| 74970WAJ9 | ROCK Trust 2024-cntr | ROCC | 8.82 | 11/13/2041 | 1,000,000.00 | 1,064,078.00 | 0.94 |
| 12769GAA8 | Caesars Entertainment Inc | CZR | 4.63 | 10/15/2029 | 1,100,000.00 | 1,055,879.00 | 0.94 |
| 92987LAL1 | Wharf Commercial Mortgage Trust 2025-dc | WHARF | 7.72 | 07/01/2040 | 1,000,000.00 | 1,021,857.00 | 0.91 |
| 37186XAY1 | Genesis Sales Finance Master Trust | GSFMT | 6.26 | 12/20/2032 | 1,000,000.00 | 1,013,356.00 | 0.90 |
| XS30533663 | Taurus 2025-3 Uk Designated Activity Co | TAURS | 7.88 | 07/20/2035 | 750,000.00 | 1,013,423.00 | 0.90 |
| BL5098621 | Brookfield Ppty Ret Hld | BPYU | 7.46 | 05/28/2030 | 995,000.00 | 999,149.00 | 0.89 |
| 28623MBA6 | Elevation Clo 2021-12 Ltd | AWPT | 9.24 | 04/20/2037 | 1,000,000.00 | 1,001,917.00 | 0.89 |
| 05592AAL4 | BPR Trust 2021-ty | BPR | 6.22 | 09/25/2038 | 1,000,000.00 | 998,784.00 | 0.89 |
| 05594LAJ3 | BX Commercial Mortgage Trust 2025-jdi | BX | 7.15 | 11/15/2042 | 1,000,000.00 | 1,002,481.00 | 0.89 |
| 06875VAJ9 | Barrow Hanley Clo Iii Ltd | BARHN | 8.03 | 04/20/2037 | 1,000,000.00 | 1,004,995.00 | 0.89 |
| 82811AAJ3 | Silver Rock Clo Iii | SLVRK | 8.93 | 01/20/2036 | 1,000,000.00 | 1,001,034.00 | 0.89 |
| 48255UAS3 | KKR Clo 43 Ltd | KKR | 8.85 | 01/15/2036 | 1,000,000.00 | 1,001,846.00 | 0.89 |
| 67115PBN4 | OFSI Bsl Xi Ltd | OFSBS | 7.51 | 03/31/2038 | 1,000,000.00 | 1,000,216.00 | 0.89 |
| 67118VAJ8 | OFSI Bsl Clo Xiii Ltd | OFSBS | 8.38 | 04/20/2037 | 1,000,000.00 | 1,006,260.00 | 0.89 |
| 67120UAN7 | NYC Commercial Mortgage Trust 2025-3bp | NYC | 7.29 | 02/15/2042 | 1,000,000.00 | 1,003,757.00 | 0.89 |
| B8AEN6KT7 | Branford | — | 3.66 | 06/25/2031 | 1,000,000.00 | 1,000,000.00 | 0.89 |
| 682413AG4 | ONE 2021-park Mortgage Trust | ONP | 5.36 | 03/15/2036 | 1,000,000.00 | 996,765.00 | 0.88 |
| 05613UAJ0 | BX Trust 2025-dime | BX | 6.75 | 02/15/2030 | 1,000,000.00 | 995,628.00 | 0.88 |
| 431318BC7 | Hilcorp Energy I Lp / Hilcorp Finance Co | HILCRP | 8.38 | 11/01/2033 | 975,000.00 | 994,313.00 | 0.88 |
| 38144GAG6 | Goldman Sachs Group Inc/the | GS | 3.65 | 02/10/2173 | 1,000,000.00 | 985,311.00 | 0.87 |
| 12433HAJ3 | BX Commercial Mortgage Trust 2025-bcat | BX | 7.25 | 08/15/2042 | 958,285.00 | 956,375.00 | 0.85 |
| 66858HBG0 | Northwoods Capital 22 Ltd | WOODS | 8.66 | 09/16/2031 | 950,000.00 | 952,304.00 | 0.85 |
| 123912AJ6 | BX Trust 2025-tail | BX | 7.05 | 06/15/2035 | 940,000.00 | 939,367.00 | 0.83 |
| 12433CAG0 | BX Commercial Mortgage Trust 2024-airc | BX | 6.84 | 08/15/2039 | 936,195.00 | 938,522.00 | 0.83 |
| B8AE093V0 | Parfums De Marly | — | — | 09/01/2028 | 935,000.00 | 932,662.00 | 0.83 |
| 05555HAN0 | BFLD 2024-wrhs Mortgage Trust | BFLD | 7.44 | 07/15/2039 | 926,997.00 | 928,730.00 | 0.82 |
| 91282CLK5 | United States Treasury Note/bond | T | 3.63 | 08/31/2029 | 915,000.00 | 915,000.00 | 0.81 |
| 978097AG8 | Wolverine World Wide Inc | WWW | 4.0 | 08/15/2029 | 975,000.00 | 901,118.00 | 0.80 |
| 23918KAT5 | Davita Inc | DVA | 3.75 | 02/15/2031 | 975,000.00 | 900,173.00 | 0.80 |
| 109641AK6 | Brinker International Inc | EAT | 8.25 | 07/15/2030 | 825,000.00 | 874,046.00 | 0.78 |
| 880349AU9 | Tenneco Inc | TENINC | 8.0 | 11/17/2028 | 875,000.00 | 878,813.00 | 0.78 |
| 00834BAK3 | Affirm Asset Securitization Trust 2024-a | AFFRM | 9.17 | 02/15/2029 | 850,000.00 | 852,378.00 | 0.76 |
| B8ADVZ4C1 | Denali Intermediate Hldg Inc | — | 9.42 | 05/31/2032 | 848,345.00 | 856,828.00 | 0.76 |
| B8AESWF79 | Lindstrom Llc | — | — | 12/31/2032 | 871,383.00 | 858,311.00 | 0.76 |
| B8AEWP2F5 | International Schools Partnership | — | — | 07/06/2031 | 857,919.00 | 853,629.00 | 0.76 |
| 845467AT6 | Expand Energy Corp | EXE | 4.75 | 02/01/2032 | 850,000.00 | 839,653.00 | 0.75 |
| 89116CKP1 | Toronto-dominion Bank/the | TD | 7.25 | 07/31/2084 | 785,000.00 | 824,250.00 | 0.73 |
| BMYGPJ1 | Preem Ab | PREEM | 12.0 | 06/30/2027 | 656,000.00 | 795,022.00 | 0.71 |
| BW5YXJ0 | EG Global Finance Plc | EGBLFN | 11.0 | 11/30/2028 | 625,000.00 | 793,348.00 | 0.70 |
| 780082AY9 | Royal Bank Of Canada | RY | 6.5 | 11/24/2085 | 750,000.00 | 745,175.00 | 0.66 |
| 12433EAN1 | BX Trust 2022-lba6 | BX | 6.45 | 01/15/2039 | 750,000.00 | 749,073.00 | 0.66 |
| 05593VAN3 | BX Trust 2025-roic | BX | 6.69 | 03/15/2030 | 747,086.00 | 743,362.00 | 0.66 |
| BRCD5D3 | Grifols Sa | GRFSM | 7.13 | 05/01/2030 | 580,000.00 | 715,529.00 | 0.64 |
| BL0HM90 | Ivory Coast Government International Bon | IVYCST | 5.88 | 10/17/2031 | 600,000.00 | 710,408.00 | 0.63 |
| 05555VAC3 | BFLD 2024-vict Mortgage Trust | BFLD | 6.34 | 07/15/2041 | 700,000.00 | 698,251.00 | 0.62 |
| XS29305389 | LUGO Funding Dac | LUGO | 4.06 | 05/26/2066 | 600,000.00 | 683,131.00 | 0.61 |
| XS31715606 | PRPM Fundido 2025-2 Dac | FUNDD | — | 01/29/2075 | 600,000.00 | 672,827.00 | 0.60 |
| 983133AA7 | WYNN Resorts Finance Llc / Wynn Resorts | WYNFIN | 5.13 | 10/01/2029 | 675,000.00 | 678,832.00 | 0.60 |
| B8AESWHL6 | Minerva Bidco Limited | — | — | 11/30/2032 | 500,000.00 | 673,975.00 | 0.60 |
| BL4795565 | Hudson River Trading Llc | HURVTR | 6.78 | 03/18/2030 | 640,537.00 | 642,894.00 | 0.57 |
| B8AEN8446 | AREP Va Data Center | — | — | 07/30/2028 | 647,022.00 | 640,357.00 | 0.57 |
| 08163XAC7 | Benchmark 2024-v5 Mortgage Trust | BMARK | 2.97 | 01/01/2057 | 8,000,000.00 | 629,636.00 | 0.56 |
| BL5270121 | ROOT Bidco Sarl | EURCRO | 5.0 | 09/27/2030 | 525,000.00 | 610,038.00 | 0.54 |
| 221625AV8 | Ivory Coast Government International Bon | IVYCST | 8.08 | 04/01/2036 | 550,000.00 | 594,035.00 | 0.53 |
| B8ADAMRM6 | International Park Hldgs Bv | — | 7.29 | 12/31/2031 | 500,000.00 | 580,255.00 | 0.52 |
| B8ACXJ742 | Dukes Education Group Ltd | — | 8.12 | 11/25/2028 | 437,555.00 | 589,802.00 | 0.52 |
| B8ADRJ0H5 | Clubcorp Holdings Inc | — | 8.92 | 04/30/2032 | 587,303.00 | 578,493.00 | 0.51 |
| B8AEKNLW5 | Aptive Environmental Llc | — | 8.67 | 10/31/2032 | 583,214.00 | 579,306.00 | 0.51 |
| 131347CP9 | Calpine Corp | CPN | 4.63 | 02/01/2029 | 575,000.00 | 574,545.00 | 0.51 |
| BL5083276 | Voyager Parent Llc | EVRI | 8.75 | 07/01/2032 | 573,563.00 | 573,264.00 | 0.51 |
| 44267DAE7 | Howard Hughes Corp/the | HHH | 4.13 | 02/01/2029 | 575,000.00 | 558,242.00 | 0.50 |
| 09660QAA2 | BMO 2024-5c3 Xd | BMO | 2.86 | 02/01/2057 | 7,250,000.00 | 561,571.00 | 0.50 |
| BL5184058 | Allied Universal Holdco | UNSEAM | 7.31 | 08/20/2032 | 548,625.00 | 551,121.00 | 0.49 |
| 081927AH8 | Benchmark 2024-v6 Mortgage Trust | BMARK | 3.26 | 03/01/2057 | 6,000,000.00 | 545,580.00 | 0.48 |
| 603051AE3 | Mineral Resources Ltd | MINAU | 9.25 | 10/01/2028 | 500,000.00 | 525,040.00 | 0.47 |
| 59170JBB3 | Metronet Infrastructure Issuer Llc | MNET | 7.83 | 08/20/2055 | 500,000.00 | 513,847.00 | 0.46 |
| BL5018603 | Alltech Inc | ALLTEC | 8.33 | 08/13/2030 | 520,361.00 | 523,181.00 | 0.46 |
| CURRENCY | Currency | — | — | — | 473,281.00 | 502,484.00 | 0.45 |
| 579063AB4 | Mcafee Corp | MCFE | 7.38 | 02/15/2030 | 575,000.00 | 501,837.00 | 0.45 |
| 1248EPCK7 | CCO Holdings Llc / Cco Holdings Capital | CHTR | 4.25 | 02/01/2031 | 548,000.00 | 503,589.00 | 0.45 |
| 21979LAB2 | Coronado Finance Pty Ltd | CRNAU | 9.25 | 10/01/2029 | 550,000.00 | 499,999.00 | 0.44 |
| B8ADWV215 | J&J Ventures Gaming Llc | — | 8.92 | 04/26/2030 | 500,000.00 | 495,625.00 | 0.44 |
| 172967PK1 | Citigroup Inc | C | 7.13 | 11/15/2173 | 470,000.00 | 484,626.00 | 0.43 |
| BL5118916 | Bingo Holdings I Llc | AGS | 8.75 | 06/30/2032 | 498,750.00 | 488,775.00 | 0.43 |
| BNXM9K6 | Herens Midco Sarl | LNZING | 5.25 | 05/15/2029 | 710,000.00 | 458,131.00 | 0.41 |
| XS31869441 | Clavel Residential 4 Dac | CLAVE | 4.57 | 10/28/2066 | 400,000.00 | 452,468.00 | 0.40 |
| 12433FAG3 | BX Commercial Mortgage Trust 2025-spot | BX | 6.24 | 04/15/2040 | 453,321.00 | 454,453.00 | 0.40 |
| 12433FAJ7 | BX Commercial Mortgage Trust 2025-spot | BX | 7.44 | 04/15/2040 | 453,321.00 | 455,586.00 | 0.40 |
| 039955AJ8 | ARES Trust 2025-ind3 | ARES1 | 6.3 | 04/15/2027 | 450,000.00 | 450,840.00 | 0.40 |
| BL4752996 | Paint Intermediate Iii | PAIIII | 6.87 | 10/09/2031 | 449,500.00 | 451,185.00 | 0.40 |
| 80874DAA4 | Scientific Games Holdings Lp/scientific | SCGALO | 6.63 | 03/01/2030 | 500,000.00 | 444,260.00 | 0.39 |
| BL5395290 | Upstream Newco Inc | UPSREH | 4.25 | 11/20/2029 | 496,114.00 | 440,579.00 | 0.39 |
| 98313RAH9 | WYNN Macau Ltd | WYNMAC | 5.63 | 08/26/2028 | 425,000.00 | 424,158.00 | 0.38 |
| 57779EAA6 | Maxim Crane Works Holdings Capital Llc | CLDCRN | 11.5 | 09/01/2028 | 400,000.00 | 425,557.00 | 0.38 |
| 335934AX3 | First Quantum Minerals Ltd | FMCN | 7.25 | 02/15/2034 | 405,000.00 | 425,634.00 | 0.38 |
| BL4949832 | Clarios Global Lp | POWSOL | 6.71 | 01/28/2032 | 423,938.00 | 425,527.00 | 0.38 |
| BF2D3D5 | Eskom Holdings | ESKOM | 8.45 | 08/10/2028 | 404,000.00 | 433,544.00 | 0.38 |
| B8ADQ6J27 | Doncasters Us Fin Llc | — | — | 04/01/2030 | 420,000.00 | 423,675.00 | 0.38 |
| BL4978666 | Genesys Cloud Services | GCTI | 6.46 | 01/30/2032 | 421,690.00 | 420,374.00 | 0.37 |
| BL5173515 | Amneal Pharmaceuticals Llc | AMNPHA | 7.46 | 08/01/2032 | 399,000.00 | 401,992.00 | 0.36 |
| BL4803666 | Qualitytech Lp | QTS | 7.51 | 11/04/2031 | 397,000.00 | 397,250.00 | 0.35 |
| BMW62K3 | Colombia Government International Bond | COLOM | 3.75 | 09/19/2028 | 330,000.00 | 384,325.00 | 0.34 |
| USP9190PAM | Total Play Telecomunicaciones Sa De Cv | TOTALP | 11.13 | 12/31/2032 | 400,000.00 | 382,720.00 | 0.34 |
| BL5173432 | Savage Enterprises Llc | SAVENT | 6.51 | 08/05/2032 | 374,063.00 | 375,465.00 | 0.33 |
| BL4985299 | Boxer Parent Co Inc | BMC | 7.2 | 07/30/2031 | 369,087.00 | 367,835.00 | 0.33 |
| BL5316601 | Gategroup Us Finance Inc | GATESW | 3.5 | 06/10/2032 | 373,375.00 | 375,241.00 | 0.33 |
| BL5316866 | Focus Financial Partners Llc | FOCS | 6.42 | 09/15/2031 | 346,502.00 | 346,994.00 | 0.31 |
| BL5019718 | RED Spv Llc | NWFOOD | 6.21 | 03/15/2032 | 348,250.00 | 348,103.00 | 0.31 |
| BL4990463 | GFL Es Us Llc | GFLES | 6.67 | 03/03/2032 | 349,125.00 | 350,172.00 | 0.31 |
| BL5042678 | Vista Management Holding | VSTJET | 7.74 | 03/26/2031 | 346,500.00 | 349,386.00 | 0.31 |
| BL4938967 | Gloves Buyer Inc | PROINP | 7.96 | 05/21/2032 | 350,000.00 | 347,749.00 | 0.31 |
| BFB5ML3 | Mexico City Airport Trust | MEXCAT | 5.5 | 07/31/2047 | 400,000.00 | 352,375.00 | 0.31 |
| BL5133808 | Inmar Inc | INMARI | 8.44 | 10/30/2031 | 345,698.00 | 340,799.00 | 0.30 |
| BL5143047 | Crown Finance Us Inc | CINELN | 8.48 | 12/02/2031 | 348,624.00 | 343,220.00 | 0.30 |
| BQ0G6D4 | Bellis Acquisition Co Plc | ASSDLN | 8.0 | 07/01/2031 | 296,000.00 | 337,858.00 | 0.30 |
| 71654QDL3 | Petroleos Mexicanos | PEMEX | 8.75 | 06/02/2029 | 300,000.00 | 321,633.00 | 0.29 |
| 92332YAF8 | Venture Global Lng Inc | VENLNG | 9.0 | 03/30/2173 | 410,000.00 | 323,971.00 | 0.29 |
| 31556TAA7 | Fertitta Entertainment Llc / Fertitta En | FRTITA | 4.63 | 01/15/2029 | 325,000.00 | 315,750.00 | 0.28 |
| B8AE266B5 | Envision Healthcare Operating Inc | — | 10.46 | 12/31/2030 | 319,492.00 | 320,210.00 | 0.28 |
| BL5017431 | TK Elevator Us Newco Inc | THYELE | 7.2 | 04/30/2030 | 315,598.00 | 317,387.00 | 0.28 |
| BL5276391 | Allwyn Entertainment Financing Us Llc | SAZKAG | 2.5 | 11/10/2032 | 325,000.00 | 318,500.00 | 0.28 |
| BL5272408 | Rockpoint Gas Storage In | RGSICN | 6.34 | 09/18/2031 | 303,436.00 | 304,573.00 | 0.27 |
| BL5260957 | PRO Mach Group Inc | PRMACH | 6.67 | 10/16/2032 | 300,000.00 | 301,806.00 | 0.27 |
| BG206C3 | Angolan Government International Bond | ANGOL | 8.25 | 05/09/2028 | 300,000.00 | 301,330.00 | 0.27 |
| BL4808012 | TPC Group Inc | TPCG | 9.77 | 11/24/2031 | 347,375.00 | 309,743.00 | 0.27 |
| BL4583441 | Trulite Glass & Aluminum Solutions Llc | TRUGLA | 9.98 | 03/01/2030 | 313,866.00 | 301,311.00 | 0.27 |
| 854938AA5 | STAR Leasing Co Llc | TRAILR | 7.63 | 02/15/2030 | 325,000.00 | 302,718.00 | 0.27 |
| 146869AN2 | Carvana Co | CVNA | 9.0 | 06/01/2030 | 275,000.00 | 288,252.00 | 0.26 |
| 05593RAJ1 | BMO 2024-5c5 Mortgage Trust | BMO | 2.48 | 02/01/2057 | 3,975,000.00 | 297,586.00 | 0.26 |
| 11283YAG5 | Brookfield Residential Properties Inc / | BRPCN | 5.0 | 06/15/2029 | 300,000.00 | 289,236.00 | 0.26 |
| BL4760684 | Crosby Us Acquisition Corp | CROSBY | 7.46 | 08/16/2029 | 294,023.00 | 295,125.00 | 0.26 |
| BL4811750 | Grinding Media Inc | GRIMED | 7.7 | 10/12/2028 | 296,250.00 | 296,250.00 | 0.26 |
| BL5189701 | First Student Bidco Inc | FRSTST | 6.71 | 08/15/2030 | 295,864.00 | 296,677.00 | 0.26 |
| BL5190030 | Jefferies Finance Llc | JEFFIN | 6.8 | 10/21/2031 | 297,000.00 | 294,772.00 | 0.26 |
| BL5133691 | Nourish Buyer I Inc | NOUBUY | 8.55 | 07/09/2032 | 275,000.00 | 276,204.00 | 0.25 |
| B8ADX0WW1 | Doncasters Us Finance Llc | — | 10.5 | 04/23/2030 | 278,600.00 | 281,037.00 | 0.25 |
| 278768AC0 | Echostar Corp | SATS | 10.75 | 11/30/2029 | 250,000.00 | 276,126.00 | 0.25 |
| 67091TAF2 | OCP Sa | OCPMR | 6.75 | 05/02/2034 | 260,000.00 | 280,397.00 | 0.25 |
| 071734AN7 | Bausch Health Cos Inc | BHCCN | 4.88 | 06/01/2028 | 300,000.00 | 267,750.00 | 0.24 |
| 04433LAA0 | Ashland Inc | ASH | 3.38 | 09/01/2031 | 300,000.00 | 273,743.00 | 0.24 |
| B8ADGKST8 | NEW Generation Gas Gathering Llc | — | 4.01 | 09/30/2029 | 275,675.00 | 271,539.00 | 0.24 |
| BL4587764 | Magnera Corp | MAGN | 8.45 | 11/04/2031 | 270,516.00 | 268,262.00 | 0.24 |
| BL4845451 | TEI Holdings Inc | CRIPRE | 8.0 | 04/09/2031 | 272,623.00 | 270,237.00 | 0.24 |
| BL4871903 | Acrisure Llc | ACRISU | 6.96 | 11/06/2030 | 270,162.00 | 269,657.00 | 0.24 |
| BL3473057 | Trugreen Lp | SVMSTR | 8.06 | 11/02/2027 | 275,060.00 | 268,940.00 | 0.24 |
| BL4622678 | Lumen Technologies Inc | LUMN | 6.43 | 04/16/2029 | 272,903.00 | 271,197.00 | 0.24 |
| BL4645844 | Doncasters Finance Us Llc | DONCAS | 10.5 | 04/23/2030 | 265,275.00 | 267,596.00 | 0.24 |
| BL4649028 | GEON Performance Solutio | GEPESO | 8.51 | 08/18/2028 | 343,427.00 | 270,019.00 | 0.24 |
| BL4985588 | Athenahealth Group Inc | ATHENA | 6.71 | 02/15/2029 | 275,073.00 | 275,359.00 | 0.24 |
| BL5224490 | Level 3 Financing Inc | LVLT | 7.17 | 03/29/2032 | 275,000.00 | 275,618.00 | 0.24 |
| BMW2PR9 | Colombia Government International Bond | COLOM | 5.0 | 09/19/2032 | 240,000.00 | 270,766.00 | 0.24 |
| BL5276714 | RYAN Llc | RYNLLC | 7.42 | 11/05/2032 | 275,000.00 | 271,103.00 | 0.24 |
| BL5260981 | Madison Iaq Llc | MADIAQ | 6.64 | 11/08/2032 | 262,583.00 | 264,013.00 | 0.23 |
| BL5317096 | Engineered Machinery Hol | FISBEI | 7.09 | 11/26/2032 | 261,682.00 | 263,120.00 | 0.23 |
| BL4922748 | Graftech Global Enterpri | EAF | 9.86 | 12/21/2029 | 254,545.00 | 258,256.00 | 0.23 |
| B8AEPE2W1 | AREP Va Data Center | — | — | 07/30/2028 | 256,886.00 | 254,239.00 | 0.23 |
| 59284MAD6 | Mexico City Airport Trust | MEXCAT | 5.5 | 07/31/2047 | 300,000.00 | 264,281.00 | 0.23 |
| 836205BJ2 | Republic Of South Africa Government Inte | SOAF | 7.25 | 12/11/2055 | 260,000.00 | 257,400.00 | 0.23 |
| 70932MAC1 | Pennymac Financial Services Inc | PFSI | 5.75 | 09/15/2031 | 250,000.00 | 251,234.00 | 0.22 |
| BL4978641 | Recess Holdings Inc | RECESS | 7.62 | 02/20/2030 | 247,257.00 | 248,609.00 | 0.22 |
| BL4843258 | Discovery Energy Holding | DISENE | 7.75 | 05/01/2031 | 251,886.00 | 253,019.00 | 0.22 |
| BL4842664 | Phoenix Guarantor Inc | BRIHEA | 6.46 | 02/21/2031 | 245,641.00 | 246,660.00 | 0.22 |
| BL4045797 | Tenneco Inc | TENINC | 9.3 | 11/17/2028 | 250,000.00 | 245,402.00 | 0.22 |
| BL3764356 | AMG Nv | AMGNA | 7.58 | 11/30/2028 | 246,164.00 | 246,060.00 | 0.22 |
| BL3425255 | Gainwell Acquisition Corp | MILACQ | 8.1 | 10/01/2027 | 249,100.00 | 244,305.00 | 0.22 |
| BL5276672 | PING Identity Holding Co | PING | 6.59 | 11/13/2032 | 250,000.00 | 250,312.00 | 0.22 |
| BL5189412 | ECL Entertainment Llc | ECLENT | 6.96 | 08/30/2030 | 249,375.00 | 248,439.00 | 0.22 |
| BL4985356 | Azuria Water Solutn Inc | AEGN | 6.96 | 05/17/2028 | 245,031.00 | 245,950.00 | 0.22 |
| BL5024569 | Loire Finco Luxembourg | LGCLTD | 7.96 | 01/21/2030 | 248,130.00 | 247,757.00 | 0.22 |
| BL5177623 | Azorra Soar Tlb Finance | AZORRA | 6.79 | 10/18/2029 | 246,876.00 | 247,905.00 | 0.22 |
| BL5173622 | Action Environmental Gro | ACTENV | 7.25 | 10/24/2030 | 238,448.00 | 238,598.00 | 0.21 |
| BL5192010 | Belfor Holdings Inc | BELFUS | 6.71 | 11/01/2030 | 238,285.00 | 239,178.00 | 0.21 |
| BL5262839 | WIN Waste Innovations Ho | WHETEC | 7.28 | 03/24/2028 | 233,826.00 | 234,605.00 | 0.21 |
| BD35RT0 | Ivory Coast Government International Bon | IVYCST | 5.25 | 03/22/2030 | 201,000.00 | 237,041.00 | 0.21 |
| BL3643378 | TGP Holdings Iii Llc | TGPHLD | 7.31 | 06/29/2028 | 249,729.00 | 232,163.00 | 0.21 |
| BL4569150 | Imagine Learning Llc/az | WELDNE | 7.46 | 12/21/2029 | 245,625.00 | 236,357.00 | 0.21 |
| BL4763795 | DAVE & Buster's Inc | PLAY | 7.25 | 11/01/2031 | 271,628.00 | 241,493.00 | 0.21 |
| 810186AW6 | Scotts Miracle-gro Co/the | SMG | 4.38 | 02/01/2032 | 250,000.00 | 234,608.00 | 0.21 |
| 143658BY7 | Carnival Corp | CCL | 5.75 | 03/15/2030 | 225,000.00 | 230,978.00 | 0.21 |
| 16115QAF7 | Chart Industries Inc | GTLS | 7.5 | 01/01/2030 | 225,000.00 | 234,767.00 | 0.21 |
| 25470XAY1 | DISH Dbs Corp | DISH | 7.75 | 07/01/2026 | 225,000.00 | 222,201.00 | 0.20 |
| 05508WAB1 | B&G Foods Inc | BGS | 5.25 | 09/15/2027 | 225,000.00 | 220,003.00 | 0.20 |
| BDGLXV9 | Autopistas Del Sol Sa/costa Rica | AUTSOL | 7.38 | 12/30/2030 | 230,908.00 | 230,386.00 | 0.20 |
| B8ACXD562 | NEW Generation Gas Gathering Llc | — | 3.71 | 09/30/2029 | 229,730.00 | 226,283.00 | 0.20 |
| B8ADVAEX9 | NEW Generation Gas Gathering Llc | — | 4.01 | 09/30/2029 | 229,729.00 | 226,283.00 | 0.20 |
| BL5179868 | Covia Holdings Llc | CVIA | 6.71 | 02/26/2032 | 223,875.00 | 221,916.00 | 0.20 |
| BL5180056 | Emrld Borrower Lp | EMECLI | 6.12 | 08/04/2031 | 221,510.00 | 221,836.00 | 0.20 |
| BL5164258 | SGH2 Llc | COLCAP | 8.51 | 08/18/2032 | 225,000.00 | 225,562.00 | 0.20 |
| BL5144268 | Fortress Intermediate | PSDO | 6.78 | 06/27/2031 | 226,461.00 | 226,249.00 | 0.20 |
| BL5126513 | Bausch + Lomb Corp | BLCOCN | 8.21 | 01/15/2031 | 223,875.00 | 225,889.00 | 0.20 |
| BMZ6D52 | Colombia Telecomunicaciones Sa Esp | COLTEL | 4.95 | 07/17/2030 | 250,000.00 | 227,447.00 | 0.20 |
| BL5147105 | CP Atlas Buyer Inc | AMBATH | 9.21 | 07/08/2030 | 224,438.00 | 216,582.00 | 0.19 |
| BL4883627 | Mcafee Corp | MCFE | 6.96 | 03/01/2029 | 233,499.00 | 214,746.00 | 0.19 |
| 50206BAA0 | LD Celulose International Gmbh | LNZAV | 7.95 | 01/26/2032 | 200,000.00 | 209,750.00 | 0.19 |
| 707569AS8 | PENN Entertainment Inc | PENN | 5.63 | 01/15/2027 | 200,000.00 | 199,722.00 | 0.18 |
| 68560EAC2 | Orbia Advance Corp Sab De Cv | ORBIA | 6.8 | 05/13/2030 | 200,000.00 | 197,200.00 | 0.18 |
| 90932LAG2 | United Airlines Inc | UAL | 4.38 | 04/15/2026 | 200,000.00 | 199,886.00 | 0.18 |
| 125276AA3 | CFE Fibra E | FCFEMM | 5.88 | 09/23/2040 | 198,334.00 | 197,397.00 | 0.18 |
| 35906ABG2 | Frontier Communications Holdings Llc | FYBR | 6.75 | 05/01/2029 | 200,000.00 | 201,554.00 | 0.18 |
| 36273XAA9 | GS Mortgage Securities Corp Trust 2025-8 | GSMS | 6.38 | 11/25/2041 | 205,000.00 | 205,274.00 | 0.18 |
| 25381MAA5 | Digicel International Finance Ltd / Difl | DIGDIF | 8.63 | 08/01/2032 | 200,000.00 | 207,626.00 | 0.18 |
| BL4979144 | Mavis Tire Express Servi | EOCGRO | 7.2 | 05/04/2028 | 198,003.00 | 198,636.00 | 0.18 |
| BL4760759 | Synechron Inc | SYNECH | 7.71 | 10/03/2031 | 199,497.00 | 198,001.00 | 0.18 |
| BL3925031 | IRIS Holding Inc | ITPCN | 8.69 | 06/28/2028 | 210,114.00 | 203,417.00 | 0.18 |
| BL5189347 | INDY Us Holdco Llc | INDYUS | 6.46 | 10/31/2030 | 205,785.00 | 205,828.00 | 0.18 |
| BL5227857 | RING Container Technolog | RNGCON | 6.42 | 09/15/2032 | 199,500.00 | 199,952.00 | 0.18 |
| BL5229473 | DEEP Blue Operating I Ll | DEEBLU | 6.59 | 10/01/2032 | 200,000.00 | 200,458.00 | 0.18 |
| BL5258522 | PAC Aviation Internation | PACDAC | 7.11 | 10/28/2030 | 200,000.00 | 197,876.00 | 0.18 |
| BL5230414 | Pegasus Bidco Bv | REFRLN | 6.6 | 07/12/2029 | 190,644.00 | 190,882.00 | 0.17 |
| BL5229184 | Sharp Services Llc | SHPCOL | 6.99 | 09/29/2032 | 191,592.00 | 192,071.00 | 0.17 |
| BL5173895 | NEON Maple Us Debt Merge | NVEICN | 6.71 | 11/17/2031 | 187,905.00 | 187,963.00 | 0.17 |
| BL4047090 | Tenneco Inc | TENINC | 9.05 | 11/17/2028 | 196,962.00 | 192,924.00 | 0.17 |
| BL4124436 | Asurion Llc | ASUCOR | 8.27 | 08/19/2028 | 195,477.00 | 195,721.00 | 0.17 |
| BL4778223 | Nouryon Finance Bv | SPCHEM | 7.04 | 04/03/2028 | 186,826.00 | 186,670.00 | 0.17 |
| BL4789857 | Trident Tpi Holdings Inc | TEKNI | 7.75 | 09/18/2028 | 196,510.00 | 188,403.00 | 0.17 |
| BL4810455 | Caesars Entertain Inc | CZR | 6.17 | 02/06/2031 | 195,508.00 | 193,552.00 | 0.17 |
| 21873SAB4 | Coreweave Inc | CRWV | 9.25 | 06/01/2030 | 200,000.00 | 186,022.00 | 0.17 |
| 040114HX1 | Argentine Republic Government Internatio | ARGENT | 1.0 | 07/09/2029 | 216,864.00 | 193,334.00 | 0.17 |
| 749571AK1 | RHP Hotel Properties Lp / Rhp Finance Co | RHP | 6.5 | 04/01/2032 | 190,000.00 | 197,119.00 | 0.17 |
| 513272AD6 | LAMB Weston Holdings Inc | LW | 4.13 | 01/31/2030 | 200,000.00 | 193,372.00 | 0.17 |
| 44644NAD1 | Huntington Bank Auto Credit-linked Notes | HACLN | 9.17 | 05/20/2032 | 175,873.00 | 180,527.00 | 0.16 |
| 315293308 | Ferrellgas Partners Lp | FGPRB | — | — | 1,029.00 | 175,166.00 | 0.16 |
| BL4979052 | Great Outdoors Group Llc | BASSPR | 7.21 | 01/23/2032 | 175,551.00 | 176,428.00 | 0.16 |
| BL4417558 | CLUE Opco Llc | FWRD | 8.34 | 12/19/2030 | 182,444.00 | 180,802.00 | 0.16 |
| BL5173630 | VS Buyer Llc | VSBUYR | 6.09 | 04/14/2031 | 174,563.00 | 174,998.00 | 0.16 |
| BL5225620 | Plastipak Packaging Inc | PLASPK | 6.42 | 09/10/2032 | 175,000.00 | 175,364.00 | 0.16 |
| BL5179827 | Blackstone Mortgage Tr | BXMT | 6.46 | 05/09/2029 | 179,972.00 | 180,084.00 | 0.16 |
| BL5247236 | FR Br Holdings Llc | FRBRHO | 8.19 | 10/09/2030 | 174,563.00 | 174,998.00 | 0.16 |
| BL5004397 | A-AP Buyer Inc | AUSPOW | 6.75 | 09/09/2031 | 173,250.00 | 173,792.00 | 0.15 |
| BL5023736 | PEER Holding Iii Bv | ACTINA | 6.5 | 10/28/2030 | 173,237.00 | 173,886.00 | 0.15 |
| BL4850956 | VT Topco Inc | VERCOR | 6.96 | 08/09/2030 | 173,681.00 | 171,044.00 | 0.15 |
| B8AD3A2S4 | Dukes Education Grp Ltd | — | — | 11/27/2028 | 140,922.00 | 165,611.00 | 0.15 |
| 55342UAM6 | MPT Operating Partnership Lp / Mpt Finan | MPW | 3.5 | 03/15/2031 | 225,000.00 | 163,617.00 | 0.15 |
| 682691AH3 | Onemain Finance Corp | OMF | 6.63 | 05/15/2029 | 150,000.00 | 155,352.00 | 0.14 |
| BL4583235 | Summer Bc Holdco B Sarl | KANGRP | 9.26 | 02/15/2029 | 174,118.00 | 161,712.00 | 0.14 |
| BL4990398 | Arsenal Aic Parent Llc | ARNC | 6.71 | 08/19/2030 | 154,505.00 | 154,697.00 | 0.14 |
| BQC5P76 | Braskem Netherlands Finance Bv | BRASKM | 8.5 | 01/12/2031 | 400,000.00 | 154,750.00 | 0.14 |
| BL4990430 | Veritiv Operating Co | VRTV | 8.0 | 11/29/2030 | 148,496.00 | 148,326.00 | 0.13 |
| BL5116852 | Apollo Cmmrl Real Est Fin In | ARI | 7.28 | 06/13/2030 | 149,250.00 | 150,182.00 | 0.13 |
| BL5173788 | Cppib Ovm Member Us Llc | CPPOVM | 6.5 | 08/20/2031 | 148,126.00 | 148,959.00 | 0.13 |
| BL5236379 | Owens-illinois Group Inc | OI | 6.84 | 09/30/2032 | 150,000.00 | 151,078.00 | 0.13 |
| BL5202421 | Tiger Acquisition Llc | SABIND | 6.5 | 08/16/2032 | 149,625.00 | 149,999.00 | 0.13 |
| BL4687226 | Brown Group Holding Llc | SIGLN | 6.73 | 07/01/2031 | 148,869.00 | 149,536.00 | 0.13 |
| BL4263655 | MH Sub I Llc | INET | 8.25 | 05/03/2028 | 155,032.00 | 143,792.00 | 0.13 |
| B8AEVFYB2 | Wedgwood Specialty Pharma Iii | — | — | 12/31/2032 | 142,857.00 | 142,142.00 | 0.13 |
| BL4874147 | Grant Thornton Advisors | GRATHO | 6.46 | 06/02/2031 | 148,133.00 | 148,251.00 | 0.13 |
| BL4843290 | Sandisk Corp | SNDK | 6.86 | 02/20/2032 | 146,250.00 | 146,981.00 | 0.13 |
| BL4922755 | Graftech Global Enterpri | EAF | — | 12/21/2029 | 145,455.00 | 147,575.00 | 0.13 |
| BL4789873 | LC Ahab Us Bidco Llc | AMAWAT | 6.96 | 05/01/2031 | 147,750.00 | 148,027.00 | 0.13 |
| BL4811875 | Cotiviti Inc | VCVHHO | 6.73 | 05/01/2031 | 145,154.00 | 139,227.00 | 0.12 |
| BL4485100 | DS Parent Inc | DAVSTA | 9.5 | 01/31/2031 | 147,750.00 | 134,895.00 | 0.12 |
| 50106GAJ1 | Kronos Acquisition Holdings Inc | KIKCN | 10.75 | 06/30/2032 | 300,000.00 | 133,500.00 | 0.12 |
| 13323NAA0 | Camelot Return Merger Sub Inc | CNR | 8.75 | 08/01/2028 | 175,000.00 | 136,507.00 | 0.12 |
| BL5229192 | NCR Atleos Corp | NCRATL | 7.03 | 04/16/2029 | 134,400.00 | 134,624.00 | 0.12 |
| BL5243532 | Madison Safety & Flow | MADSAF | 6.47 | 09/26/2031 | 123,999.00 | 124,747.00 | 0.11 |
| BL5055217 | Herschend Entertainment | HERFAM | 7.21 | 05/27/2032 | 124,375.00 | 125,152.00 | 0.11 |
| BMYD8L5 | Ivory Coast Government International Bon | IVYCST | 4.88 | 01/30/2032 | 104,000.00 | 118,563.00 | 0.11 |
| XS28092182 | Lorca Telecom Bondco Sa | LORCAT | 5.75 | 04/30/2029 | 100,000.00 | 121,966.00 | 0.11 |
| B8AESWF87 | Lindstrom Llc | — | — | 12/31/2032 | 128,617.00 | 126,688.00 | 0.11 |
| BL4842698 | Innio North America Hold | ADVPW | 6.13 | 11/02/2028 | 122,813.00 | 123,293.00 | 0.11 |
| 11283YAB6 | Brookfield Residential Properties Inc / | BRPCN | 6.25 | 09/15/2027 | 100,000.00 | 99,888.00 | 0.09 |
| 55342UAH7 | MPT Operating Partnership Lp / Mpt Finan | MPW | 5.0 | 10/15/2027 | 100,000.00 | 96,540.00 | 0.09 |
| BL5179751 | Brown Group Holding Llc | SIGLN | 6.46 | 07/01/2031 | 98,728.00 | 99,177.00 | 0.09 |
| BL5162617 | Crown Subsea Communicati | SUBCOM | 7.46 | 01/30/2031 | 99,748.00 | 100,396.00 | 0.09 |
| 651229BG0 | Newell Brands Inc | NWL | 8.5 | 06/01/2028 | 85,000.00 | 89,036.00 | 0.08 |
| 04364VAK9 | Ascent Resources Utica Holdings Llc / Ar | ASCRES | 9.0 | 11/01/2027 | 75,000.00 | 95,313.00 | 0.08 |
| 040114HS2 | Argentine Republic Government Internatio | ARGENT | 0.75 | 07/09/2030 | 104,736.00 | 89,235.00 | 0.08 |
| 15853BAA9 | Champion Iron Canada Inc | CIACN | 7.88 | 07/15/2032 | 85,000.00 | 90,120.00 | 0.08 |
| 233104AA6 | DCLI Bidco Llc | DIRCHA | 7.75 | 11/15/2029 | 85,000.00 | 87,308.00 | 0.08 |
| BL4845816 | MH Sub I Llc | INET | 8.21 | 12/31/2031 | 104,668.00 | 89,278.00 | 0.08 |
| BL3624808 | Hyster-yale Group Inc | HY | 7.53 | 05/26/2028 | 88,137.00 | 85,933.00 | 0.08 |
| B8ACYS253 | Dukes Education Group Ltd | — | 9.52 | 11/25/2028 | 67,561.00 | 91,068.00 | 0.08 |
| B8AEKHUF5 | AREP Va Data Center | — | — | 07/30/2028 | 96,093.00 | 95,102.00 | 0.08 |
| B8ADVZ6S4 | Denali Intermediate Hldg Inc | — | 9.45 | 05/31/2032 | 84,834.00 | 84,728.00 | 0.08 |
| B8ACYS1X3 | Dukes Education Group Ltd | — | 9.47 | 11/25/2028 | 60,913.00 | 82,107.00 | 0.07 |
| BL4431708 | Jfl-tiger Acquisition Co | HCCI | 7.75 | 10/17/2030 | 74,055.00 | 74,116.00 | 0.07 |
| BL4611499 | Supplyone Inc | SUPONE | 7.66 | 04/19/2031 | 74,789.00 | 74,893.00 | 0.07 |
| 10554TAH8 | Braskem Netherlands Finance Bv | BRASKM | 8.5 | 01/12/2031 | 200,000.00 | 77,375.00 | 0.07 |
| 469815AK0 | Jacobs Entertainment Inc | JACENT | 6.75 | 02/15/2029 | 75,000.00 | 73,442.00 | 0.07 |
| 97381AAA0 | Windstream Services Llc / Windstream Esc | WIN | 8.25 | 10/01/2031 | 70,000.00 | 73,470.00 | 0.07 |
| BL5174141 | Closure Systems Internat | CAINGR | 6.96 | 03/22/2029 | 73,875.00 | 73,985.00 | 0.07 |
| BL5335445 | Bradyplus Holdings Llc | INFOHO | 3.5 | 12/11/2032 | 75,000.00 | 74,124.00 | 0.07 |
| BL5188117 | MIP V Waste Llc | GREWAS | 6.59 | 08/20/2032 | 74,813.00 | 75,186.00 | 0.07 |
| BL5233137 | Liquid Tech Solutions Ho | DISDIR | 7.47 | 10/12/2032 | 68,034.00 | 68,204.00 | 0.06 |
| 041242AA6 | ARKO Corp | ARKO | 5.13 | 11/15/2029 | 75,000.00 | 64,291.00 | 0.06 |
| B8AE3VHV3 | Clubcorp Hldgs Inc | — | — | 07/31/2032 | 63,997.00 | 63,037.00 | 0.06 |
| B8AEBG4U3 | NEW Generation Gas Gathering Llc | — | 3.66 | 09/30/2029 | 68,918.00 | 67,884.00 | 0.06 |
| B8AEKNM38 | Aptive Environmental Llc | — | — | 10/31/2032 | 53,458.00 | 53,100.00 | 0.05 |
| 69331CAM0 | PG&E Corp | PCG | 7.38 | 03/15/2055 | 50,000.00 | 52,078.00 | 0.05 |
| BL5189594 | First Student Bidco Inc | FRSTST | 6.71 | 08/15/2030 | 54,136.00 | 54,248.00 | 0.05 |
| TUH6 COMDT | US 2yr Note (cbt) Mar26 | TUH6 | — | 03/31/2026 | 33,406,250.00 | 43,049.00 | 0.04 |
| BMFXV04 | Argentine Republic Government Internatio | ARGENT | 0.13 | 07/09/2030 | 42,666.00 | 41,492.00 | 0.04 |
| HYBH6 INDE | BBG Hy Credit Fut Mar26 | HYBH6 | — | 03/17/2026 | 11,220,000.00 | 49,342.00 | 0.04 |
| B8AD39VG1 | Dukes Education Grp Ltd | — | — | 11/27/2028 | 34,427.00 | 40,458.00 | 0.04 |
| B8ACYP7L9 | Dukes Education Group Ltd | — | 9.47 | 11/25/2028 | 25,178.00 | 33,938.00 | 0.03 |
| B8AE3VDG0 | Clubcorp Hldgs Inc | — | — | 07/31/2032 | 38,398.00 | 37,822.00 | 0.03 |
| 02128LAC0 | ALTA Equipment Group Inc | ALTG | 9.0 | 06/01/2029 | 40,000.00 | 36,174.00 | 0.03 |
| BL5305935 | Engineered Machinery Hol | FISBEI | 3.25 | 11/22/2032 | 38,318.00 | 38,529.00 | 0.03 |
| FVH6 COMDT | US 5yr Note (cbt) Mar26 | FVH6 | — | 03/31/2026 | 19,346,930.00 | 22,994.00 | 0.02 |
| 25470XBB0 | DISH Dbs Corp | DISH | 7.38 | 07/01/2028 | 25,000.00 | 24,125.00 | 0.02 |
| 25470XBD6 | DISH Dbs Corp | DISH | 5.13 | 06/01/2029 | 25,000.00 | 22,215.00 | 0.02 |
| 55342UAQ7 | MPT Operating Partnership Lp / Mpt Finan | MPW | 8.5 | 02/15/2032 | 25,000.00 | 26,714.00 | 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 | 25,408.00 | 0.02 |
| B8ACYS2F1 | Dukes Education Group Ltd | — | 8.15 | 11/25/2028 | 7,402.00 | 9,977.00 | 0.01 |
| 201723AS2 | Commercial Metals Co | CMC | 5.75 | 11/15/2033 | 15,000.00 | 15,340.00 | 0.01 |
| 201723AV5 | Commercial Metals Co | CMC | 6.0 | 12/15/2035 | 15,000.00 | 15,379.00 | 0.01 |
| SWB8AEXQ57 | Scds: (ecua) | — | 5.0 | 12/20/2027 | 550,000.00 | 6,823.00 | 0.01 |
| SWB8ADJ71C | Scds: (pemex) 4.75.00000 07 May 2026 | — | 4.75 | 05/07/2026 | 462,000.00 | 6,648.00 | 0.01 |
| BL5237955 | Liquid Tech Solutions Ho | DISDIR | 3.5 | 10/12/2032 | 6,966.00 | 6,983.00 | 0.01 |
| SWB8ADQ1J2 | Scds: (softbk) | — | 1.0 | 06/22/2026 | 95,000.00 | -286.00 | 0.00 |
| SWB8ADQQCR | Scds: (ivycst) | — | 1.0 | 06/20/2027 | 500,000.00 | -1,275.00 | 0.00 |
| SWB8AEHGA2 | Scds: (argent) | — | 5.0 | 06/22/2026 | 560,000.00 | 1,199.00 | 0.00 |
| SWB8AEPNEQ | Scds: (argent) | — | 5.0 | 12/21/2026 | 100,000.00 | -83.00 | 0.00 |
| SWB8AEUCH9 | SWP: Ois 2.355000 04-dec-2032 Est_c | — | — | 12/04/2032 | -330,000.00 | 2,988.00 | 0.00 |
| SWB8AEUCHD | SWP: Ois 2.197000 04-dec-2030 Est_c | — | — | 12/04/2030 | -750,000.00 | 4,721.00 | 0.00 |
| SWB8AEUCHG | SWP: Ois 2.019000 04-dec-2028 Est_c | — | — | 12/04/2028 | -1,335,000.00 | 4,397.00 | 0.00 |
| SWB8AEUCHK | SWP: Ois 1.937500 04-dec-2027 Est_c | — | — | 12/04/2027 | -1,480,000.00 | 2,233.00 | 0.00 |
| SWB8AEUCHS | SWP: Ois 3.628300 03-dec-2030 Son_c | — | — | 12/03/2030 | -310,000.00 | 422.00 | 0.00 |
| SWB8AEUCHY | SWP: Ois 3.530000 03-dec-2028 Son_c | — | — | 12/03/2028 | -700,000.00 | -22.00 | 0.00 |
| SWB8AEVGAF | FWD: Tnote 3.500 15-dec-28 91282cpp0 - U | — | — | 03/11/2026 | 14,896,014.00 | 0.00 | 0.00 |
| SWB8AEXQ5P | Scds: (ecua) | — | 5.0 | 12/20/2028 | 550,000.00 | 4,464.00 | 0.00 |
| KS5RFFOBAV | Gbp/usd Fwd 20260109 5 | GBP | — | 01/09/2026 | 56,263.00 | 1,515.00 | 0.00 |
| O04NGVV94F | Gbp/usd Fwd 20260109 955 | GBP | — | 01/09/2026 | 1,001,231.00 | 5,455.00 | 0.00 |
| R4JPFLEK42 | Eur/usd Fwd 20260109 Mslngb2x | EUR | — | 01/09/2026 | 75,829.00 | 824.00 | 0.00 |
| SWB8ACX1VG | CDS: (gs_24-pc-a Jul 24) | — | 1.65 | 08/02/2027 | 1,999,954.00 | 2,853.00 | 0.00 |
| SWB8ADG4K3 | Scds: (pemex) 4.10000 Mar 23 2026 | — | 4.1 | 03/23/2026 | 450,000.00 | 2,038.00 | 0.00 |
| HB6BEQ86EM | Eur/usd Fwd 20260109 5 | EUR | — | 01/09/2026 | -589,662.00 | -879.00 | 0.00 |
| BW5YZT4 | Talktalk Telecom Group Ltd | TALKLN | 11.75 | 03/01/2028 | 425,378.00 | 0.00 | 0.00 |
| UXYH6 COMD | US 10yr Ultra Fut Mar26 | UXYH6 | — | 03/20/2026 | -1,380,188.00 | -2,868.00 | 0.00 |
| WNH6 COMDT | US Ultra Bond Cbt Mar26 | WNH6 | — | 03/20/2026 | -354,000.00 | -98.00 | 0.00 |
| 12HN42VMJV | Eur/usd Spot 20260102 00187 | EUR | — | 01/02/2026 | -133,842.00 | 42.00 | 0.00 |
| AI9F84K54H | Eur/usd Fwd 20260109 00187 | EUR | — | 01/09/2026 | 133,797.00 | -28.00 | 0.00 |
| BL3572783 | First Brands Group Llc | TRICGR | 13.07 | 03/30/2028 | 628,971.00 | 761.00 | 0.00 |
| TYH6 COMDT | US 10yr Note (cbt)mar26 | TYH6 | — | 03/20/2026 | -3,260,688.00 | -6,836.00 | -0.01 |
| USH6 COMDT | US Long Bond(cbt) Mar26 | USH6 | — | 03/20/2026 | -1,387,125.00 | -7,142.00 | -0.01 |
| B8ADN7NC1 | RRP Mpt Operating Partnership Lp | — | 4.0 | 12/31/2222 | -112,750.00 | -112,750.00 | -0.10 |
| JDINBAF486 | Gbp/usd Fwd 20260109 00187 | GBP | — | 01/09/2026 | -4,079,647.00 | -160,876.00 | -0.14 |
| B8ADN7ND9 | RRP Lamb Weston Hldgs Inc | — | 3.97 | 12/31/2222 | -168,750.00 | -168,750.00 | -0.15 |
| B8AE05Z01 | RRP B&g Foods Inc | — | 3.97 | 12/31/2222 | -173,250.00 | -173,250.00 | -0.15 |
| B8AE05Z27 | RRP United Airlines Inc | — | 3.93 | 12/31/2222 | -183,750.00 | -183,750.00 | -0.16 |
| B8AEAC714 | RRP Ld Celulose Intl | — | 3.92 | 12/31/2222 | -184,250.00 | -184,250.00 | -0.16 |
| B8ADV5E10 | RRP Penn Entertainment Inc | — | 3.97 | 12/31/2222 | -180,750.00 | -180,750.00 | -0.16 |
| B8AEAC730 | RRP Orbia Advance Corp Sab De C | — | 3.82 | 12/31/2222 | -189,500.00 | -189,500.00 | -0.17 |
| B8AE05Z43 | RRP Carnival Corp | — | 3.93 | 12/31/2222 | -207,281.00 | -207,281.00 | -0.18 |
| B8ADV5E02 | RRP Scotts Miracle Gro Co | — | 3.97 | 12/31/2222 | -199,063.00 | -199,062.00 | -0.18 |
| B8ADV5E28 | RRP Chart Industries Inc | — | 3.97 | 12/31/2222 | -215,719.00 | -215,718.00 | -0.19 |
| B8AE05Z50 | RRP Echostar Corp | — | 3.93 | 12/31/2222 | -214,375.00 | -214,375.00 | -0.19 |
| B8ADYVQS8 | RRP Fertitta Entertainment | — | 3.95 | 12/31/2222 | -227,219.00 | -227,218.00 | -0.20 |
| B8ADLT2P9 | RRP Mexico City Arpt Tr | — | 3.8 | 12/31/2222 | -222,000.00 | -222,000.00 | -0.20 |
| B8AD52FL1 | RRP Pennymac Fin Svcs Inc | — | 3.95 | 12/31/2222 | -220,313.00 | -220,312.00 | -0.20 |
| U5O968U561 | Eur/usd Fwd 20260109 955 | EUR | — | 01/09/2026 | -10,981,982.00 | -220,367.00 | -0.20 |
| B8ACVHT10 | RRP Ashland Llc | — | 4.04 | 12/31/2222 | -235,500.00 | -235,500.00 | -0.21 |
| B8ADN7NE7 | RRP Brookfield Residential Propert | — | 3.97 | 12/31/2222 | -252,375.00 | -252,375.00 | -0.22 |
| B8AD52FM9 | RRP Ocp Sa | — | 3.95 | 12/31/2222 | -256,750.00 | -256,750.00 | -0.23 |
| B8AE05Z35 | RRP Carvana Co | — | 3.93 | 12/31/2222 | -261,594.00 | -261,593.00 | -0.23 |
| B8AE05Z19 | RRP Star Leasing Co Llc | — | 3.93 | 12/31/2222 | -266,906.00 | -266,906.00 | -0.24 |
| B8AE80R11 | RRP Venture Global Lng Inc | — | 3.96 | 12/31/2222 | -354,500.00 | -354,500.00 | -0.31 |
| B8ACJD253 | RRP Wynn Macau Ltd | — | 4.07 | 12/31/2222 | -363,906.00 | -363,906.00 | -0.32 |
| B8ACTHLL7 | RRP Cco Hldgs Llc Cco Hldgs Cap Co | — | 4.04 | 12/31/2222 | -383,400.00 | -383,400.00 | -0.34 |
| B8ADLT2R5 | RRP Maxim Crane Works Hldgs Cap | — | 3.95 | 12/31/2222 | -378,500.00 | -378,500.00 | -0.34 |
| B8ADLT2S3 | RRP Mcafee Corp | — | 3.95 | 12/31/2222 | -418,750.00 | -418,750.00 | -0.37 |
| B8ACVHT02 | RRP Citigroup Inc | — | 4.04 | 12/31/2222 | -415,363.00 | -415,362.00 | -0.37 |
| B8ADLT2N4 | RRP Scientific Games Hldgs Lp | — | 3.95 | 12/31/2222 | -446,875.00 | -446,875.00 | -0.40 |
| B8ADLT2U8 | RRP Mineral Resources Ltd | — | 3.92 | 12/31/2222 | -467,500.00 | -467,500.00 | -0.41 |
| B8ACZNPB5 | RRP Calpine Corp | — | 4.02 | 12/31/2222 | -475,063.00 | -475,062.00 | -0.42 |
| B8ACVHT28 | RRP Howard Hughes Corp | — | 4.04 | 12/31/2222 | -470,063.00 | -470,062.00 | -0.42 |
| B8AD52FN7 | RRP Coronado Fin Pty Ltd | — | 3.95 | 12/31/2222 | -488,125.00 | -488,125.00 | -0.43 |
| B8ACDQGX4 | RRP Wynn Resorts Fin Llc | — | 4.0 | 12/31/2222 | -608,344.00 | -608,343.00 | -0.54 |
| B8AEAPRV7 | RRP Ivory Coast | — | 2.26 | 12/31/2222 | -552,750.00 | -649,591.00 | -0.58 |
| B8AEAPRU9 | RRP Grifols Sa | — | 2.26 | 12/31/2222 | -563,325.00 | -662,019.00 | -0.59 |
| B8AEC8J42 | RRP Tenneco Inc | — | 3.93 | 12/31/2222 | -681,000.00 | -681,000.00 | -0.60 |
| B8ADN7NF4 | RRP Brinker Intl Inc | — | 3.97 | 12/31/2222 | -679,000.00 | -679,000.00 | -0.60 |
| B8ACBPEV4 | RRP Southwestern Energy Co | — | 4.04 | 12/31/2222 | -743,750.00 | -743,750.00 | -0.66 |
| B8ADLT2Q7 | RRP Wolverine World Wide Inc | — | 3.95 | 12/31/2222 | -753,188.00 | -753,187.00 | -0.67 |
| B8AEAPRT2 | RRP Eg Global Fin Plc | — | 2.26 | 12/31/2222 | -638,281.00 | -750,108.00 | -0.67 |
| B8AENFZD6 | RRP Davita Inc | — | 4.03 | 12/31/2222 | -805,594.00 | -805,593.00 | -0.72 |
| B8ACJD2C8 | RRP Hudbay Minerals Inc | — | 4.07 | 12/31/2222 | -836,250.00 | -836,250.00 | -0.74 |
| B8ADUQE31 | RRP Goldman Sachs Grp Inc | — | 3.99 | 12/31/2222 | -861,250.00 | -861,250.00 | -0.76 |
| B8AEDR1D8 | RRP Virgin Media Sec Fin Plc | — | 4.77 | 12/31/2222 | -668,281.00 | -900,809.00 | -0.80 |
| B8AEAPRX3 | RRP Preem Hldg Ab | — | 2.26 | 12/31/2222 | -781,050.00 | -917,889.00 | -0.81 |
| B8ACJD246 | RRP Caesars Entertainment Inc | — | 4.07 | 12/31/2222 | -915,750.00 | -915,750.00 | -0.81 |
| B8ACCS547 | RRP Mgm Resorts Intl | — | 4.0 | 12/31/2222 | -907,031.00 | -907,031.00 | -0.81 |
| B8ACBPEY8 | RRP Hilcorp Energy I Hilcorp Fin C | — | 4.04 | 12/31/2222 | -1,012,781.00 | -1,012,781.00 | -0.90 |
| B8AEAPRW5 | RRP Eg Global Fin Plc | — | 2.26 | 12/31/2222 | -1,106,700.00 | -1,300,593.00 | -1.15 |
| B8ADV7P55 | RRP Montichem Holdco 3 Sa | — | 2.52 | 12/31/2222 | -1,155,000.00 | -1,357,356.00 | -1.20 |
| B8AENFZC8 | RRP Beignet Investor Llc | — | 3.8 | 12/31/2222 | -1,565,625.00 | -1,565,625.00 | -1.39 |
| B8ACFX6U4 | RRP Nrg Energy Inc | — | 4.04 | 12/31/2222 | -1,685,250.00 | -1,685,250.00 | -1.50 |
| B8AEWVS80 | RRP Vistra Corp | — | 4.04 | 12/31/2222 | -2,072,875.00 | -2,072,875.00 | -1.84 |
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ABOUT
PGIM Fixed Income, with $906 billion in assets under management as of September 30, 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
Public & Private 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.
© 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.
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, 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. ©2026 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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