PGIM Short Duration High Yield Opportunities (SDHY)
The Fund seeks to provide total return, through a combination of current income and capital appreciation by investing primarily in below investment‐grade fixed income instruments. The Fund seeks to maintain a weighted average portfolio duration of three years or less and a weighted average maturity of five years or less.
KEY FUND DETAILS
| Style | High Yield Bond |
| Market Symbol | SDHY |
| NAV Symbol | XSDHX |
| Exchange | NYSE |
| CUSIP | 69355J104 |
| Inception Date | 11/25/2020 |
| Distribution Frequency | Monthly |
| Total Expenses (Net Assets) (%) | 2.97 |
| Total Expenses (Investable Assets) (%) | 2.31 |
DAILY FUND INFORMATION
| Market Price ($) | 16.84 |
| Net Asset Value (NAV) ($) | 17.80 |
| Premium/Discount (%) | -5.39 |
| Market Price Distribution Rate (%) | 7.7 |
| NAV Price Distribution Rate (%) | 7.28 |
| Distribution (most recent) ($) | 0.1080 |
| Net Assets ($) | 439,248,520 |
| Investable Assets ($) | 439,248,520 |
| Leverage (%) | 0.00 |
Portfolio Characteristics
|
Name
|
Weight
|
|---|---|
| Average Maturity (years) | 3.3 |
| Leverage Adjusted Duration (years) | 2.8 |
Investing in the Fund 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. The Fund invests in high yield (“junk”) bonds, which are subject to greater credit and market risks, including greater risk of default; derivative securities, which may carry increased risk of principal loss due to imperfect correlation between the values of the derivatives and the underlying securities or unexpected price or interest rate movements and be subject to other risks such as market, credit, counterparty, leverage and liquidity risks; foreign securities, which are subject to currency fluctuation, political uncertainty and different regulatory standards than those of U.S. companies; emerging markets securities, which are subject to greater volatility and price declines; structured products, which are subject to issuer repayment, counterparty risk and are also subject to credit risk in that the assets backing the structured product may be insufficient to pay interest or principal; smaller capitalization companies, which are subject to special risks because those companies may have narrower product lines, more limited financial resources, fewer experienced managers, dependence on a few key employees, and a more limited trading market for their securities, as compared with larger companies; bank loans, which are subject the financial condition of the borrower and the Fund's ability to receive payments of principal and interest and other amounts in connection with loans (whether through participations, assignments or otherwise). Fixed income investments are subject to interest rate risk, where their value will decline as interest rates rise; issuer risk, where the value of fixed income instruments may decline for a number of reasons that directly relate to the issuer; duration risk, which can determine the security's sensitivity to changes in the general level of interest rates; floating-rate and fixed-to-floating rate securities risks; prepayment risk, where the issuer of an instrument may exercise its option to prepay principal earlier than scheduled, forcing the Fund to reinvest the proceeds from such prepayment in lower yielding instruments, which may result in a decline in the Fund's income and distributions to shareholders; extension risk, where an issuer could exercise its right to pay principal on an obligation held by the Fund later than expected; reinvestment risk or the risk that Income from the Fund's portfolio will decline If and when the Fund Invests the proceeds from matured, traded or called fixed Income Instruments at market Interest rates that are below the portfolio's current earnings rate; spread risk; and refinancing risk where one or more issuers of fixed income instruments in the Fund's portfolio may not be able to pay off their debt upon maturity. There are fees and expenses involved with investing in these Funds. Diversification does not assure a profit or protect against a loss in declining markets. There is no guarantee that the Fund’s objective will be achieved or that dividends or distributions will be paid.
- Prices
- Monthly Performance
Prices
| Last | Change | |
|---|---|---|
| Market Price ($) | 16.84 |
|
| Net Asset Value ($) | 17.80 | N/C 0.00 |
| Premium/Discount (%) | -5.39 |
|
Change shows the change in $U.S. value over the previous day:
= Gain, 
= Loss, 
= No Change.
52 Week High/Low
| Market Price | Date | Price ($) |
| High | 08/13/2025 | 16.92 |
| Low | 04/07/2025 | 15.13 |
| Market Price | Date | Price ($) |
| High | 09/27/2024 | 17.96 |
| Low | 04/10/2025 | 16.91 |
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.
Average Annual Total Returns (%)
| TOTAL RETURNS (%) | |||||||
|---|---|---|---|---|---|---|---|
| Cumulative | Average Annual | ||||||
| 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.
Annual Fund Expense Ratios
|
Net Assets (%)
|
Investable Assets (%)
|
|
|---|---|---|
| Management Fees | 1.29 | 1.00 |
| Other Expenses | 0.07 | 0.06 |
| Total Operating Expenses | 1.36 | 1.06 |
| Interest Expense from Leverage | 1.61 | 1.25 |
| Total Expense | 2.97 | 2.31 |
Subject to change. Expenses based on the most recent publicity available reports. See the Fund's Annual Report for full information on expenses.
Total returns are based on changes in net asset value ("NAV") or market price. NAV total return assumes the reinvestment of all distributions, including returns of capital, if any, at NAV. Market Price total return assumes the reinvestment of all distributions, including returns of capital, if any, in additional shares in accordance with the Fund’s Dividend Reinvestment Plan. All returns 1-year or less are cumulative.
Distribution Rates
|
Market Price Distribution Rate (%)
|
NAV Price Distribution Rate (%)
|
Distribution Frequency
|
|---|---|---|
| 7.70 | 7.28 | Monthly |
Distribution History
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.
Historical Distribution
* Indicates a special distribution.
Market Price is the closing price of a closed-end fund as of the latest trading day on the New York Stock Exchange. NAV (Net Asset Value) is total assets less total liabilities divided by the number of shares outstanding. Premium/Discount is the percent difference between the Market price and the NAV. There is no guarantee you will receive the stated Premium/Discount and additional fees may result from individual broker fees and transaction costs in the secondary market. Distribution Rate is calculated by annualizing the amount of the most recent distribution paid, excluding special distributions, divided by the previous trading day’s closing market price or NAV. As of 6/30/2025, the Fund estimates that the most recent distribution will be paid from: 69% investment income; 0% net realized currency gains; 0% net realized capital gains; and 31% return of capital. The Distribution Rate is subject to change and is not a quotation of Fund performance. For more information about a distribution’s composition, refer to the distribution press release or section 19 notices located above. Please consult your tax advisor for further information.
Source: PGIM, Inc. (PGIM). PGIM is a Prudential Financial company.
An investment in a closed-end fund’s common stock may be speculative in that it involves a high degree of risk, should not constitute a complete investment program, and may result in loss of principal. Each closed-end fund will have its own unique investment strategy, risks, charges and expenses that need to be considered before investing.
Shares of each closed end fund are bought and sold through non-affiliated broker-dealers and trade on nationally recognized stock exchanges.
PGIM Fixed Income is a unit of PGIM, Inc. (PGIM) a registered investment advisor and a Prudential Financial company.
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, are not a deposit of or guaranteed by any bank or any bank affiliate, and may lose value.
4116705 Ed. 12/2024
- Portfolio Summary
- Complete Holdings
Portfolio Attributes
Top 10 Corporate Holdings (% of Assets)
|
Top Corporate Holdings
|
% of Assets
|
|---|---|
| Acrisure | 1.8% |
| Frontier Communications | 1.5% |
| Vistra | 1.5% |
| Charter Communications | 1.3% |
| Carvana | 1.2% |
| Venture Global | 1.2% |
| Tekni-Plex | 1.2% |
| Medline Borrower | 1.2% |
| Onemain | 1.2% |
| MGM Resorts International | 1.1% |
Credit Quality (% of Assets)
|
Rating
|
% of Assets
|
|---|---|
| AAA | 4.0 |
| BBB | 5.0 |
| BB | 52.5 |
| B | 26.4 |
| CCC | 5.3 |
| Not Rated | 5.8 |
| Cash/Equiv | 1.1 |
LARGEST INDUSTRIES (% OF ASSETS)
|
Industry
|
% of Assets
|
|---|---|
| Gaming & Lodging & Leisure | 8.4 |
| Building Materials & Home Construction | 7.0 |
| Telecom | 6.5 |
| Finance Companies | 6.4 |
| Health Care & Pharmaceutical | 5.8 |
| Technology | 5.5 |
| Retailers & Restaurants | 4.6 |
| Cable & Satellite | 4.6 |
| Automotive | 4.0 |
| Electric & Water | 3.9 |
BOND MATURITIES (% OF ASSETS)
|
Bond Maturity
|
% of Assets
|
|---|---|
| Less than 1 year | 7.6 |
| 1-3 years | 38.5 |
| 3-5 years | 42.8 |
| 5-7 years | 9.0 |
| Over 7 years | 0.8 |
| Cash/Equiv | 1.1 |
PORTFOLIO CHARACTERISTICS
|
Characteristic
|
Years
|
|---|---|
| Average Maturity (years) | 3.3 |
| Leverage Adjusted Duration (years) | 2.8 |
ASSET INFORMATION
All data is unaudited and subject to change. Holdings/allocations may vary. 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. Totals may not sum due to rounding. Negative holdings reflect outstanding trades at period end.
Average Maturity is the average number of years to maturity of the fund’s bonds. Leveraged Adjusted Duration shown is leverage-adjusted. Duration measures investment risk that takes into account both a bond’s interest payments and its value to maturity. Credit Quality is calculated using the highest rating of the three rating agencies (Moody's, S&P, and Fitch). If only two rating agencies are used, the higher ratings are shown. 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: PGIM, Inc. (PGIM). PGIM is a Prudential Financial company.
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.
An investment in a closed-end fund’s common stock may be speculative in that it involves a high degree of risk, should not constitute a complete investment program, and may result in loss of principal. Each closed-end fund will have its own unique investment strategy, risks, charges and expenses that need to be considered before investing.
Shares of each closed end fund are bought and sold through non-affiliated broker-dealers and trade on nationally recognized stock exchanges.
PGIM Fixed Income is a unit of PGIM, Inc. (PGIM) a registered investment advisor and a Prudential Financial company.
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, are not a deposit of or guaranteed by any bank or any bank affiliate, and may lose value.
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
|
|---|---|---|---|---|---|---|---|
| 69344A834 | PGIM Aaa Clo Etf | PAAA | — | — | 307,811 | 15,843,032.00 | 3.59 |
| 74440W862 | (pipa070) Pgim Core Government Money Mar | — | 4.41 | 12/01/2099 | 12,557,803 | 12,557,802.00 | 2.84 |
| BL5117652 | Acrisure Llc | ACRISU | 7.58 | 06/20/2032 | 4,417,828 | 4,412,305.00 | 1.00 |
| 87248TAU9 | TICP Clo Vii Ltd | TICP | 5.62 | 04/15/2033 | 4,388,184 | 4,393,428.00 | 0.99 |
| 62482BAA0 | Medline Borrower Lp | MEDIND | 3.88 | 04/01/2029 | 4,475,000 | 4,267,547.00 | 0.97 |
| BL5159126 | Radiate Holdco Llc | RADIAT | 4.25 | 09/25/2029 | 4,895,874 | 4,232,889.00 | 0.96 |
| 92840VAF9 | Vistra Operations Co Llc | VST | 5.00 | 07/31/2027 | 3,975,000 | 3,955,179.00 | 0.90 |
| 552953CD1 | MGM Resorts International | MGM | 4.63 | 09/01/2026 | 3,835,000 | 3,821,570.00 | 0.86 |
| BL4807626 | DUN & Bradstreet Corp | DNB | 6.57 | 01/18/2029 | 3,626,870 | 3,625,281.00 | 0.82 |
| 00175PAB9 | AMN Healthcare Inc | AMN | 4.63 | 10/01/2027 | 3,525,000 | 3,445,559.00 | 0.78 |
| 1248EPBR3 | CCO Holdings Llc / Cco Holdings Capital | CHTR | 5.50 | 05/01/2026 | 3,449,000 | 3,443,302.00 | 0.78 |
| BL4789857 | Trident Tpi Holdings Inc | TEKNI | 8.05 | 09/15/2028 | 3,290,536 | 3,218,144.00 | 0.73 |
| 443628AJ1 | Hudbay Minerals Inc | HBMCN | 4.50 | 04/01/2026 | 3,225,000 | 3,193,104.00 | 0.72 |
| 12769GAA8 | Caesars Entertainment Inc | CZR | 4.63 | 10/15/2029 | 3,275,000 | 3,096,288.00 | 0.70 |
| BL4883627 | Mcafee Corp | MCFE | 7.33 | 03/01/2029 | 3,124,599 | 2,995,709.00 | 0.68 |
| 880349AU9 | Tenneco Inc | TENINC | 8.00 | 11/17/2028 | 2,950,000 | 2,928,525.00 | 0.66 |
| 44267DAD9 | Howard Hughes Corp/the | HHH | 5.38 | 08/01/2028 | 2,922,000 | 2,904,728.00 | 0.66 |
| 35906ABE7 | Frontier Communications Holdings Llc | FYBR | 5.88 | 10/15/2027 | 2,898,000 | 2,898,719.00 | 0.66 |
| 47047JAJ3 | Jamestown Clo Xii Ltd | JTWN | 5.53 | 04/20/2032 | 2,864,307 | 2,864,306.00 | 0.65 |
| 23918KAS7 | Davita Inc | DVA | 4.63 | 06/01/2030 | 3,000,000 | 2,862,994.00 | 0.65 |
| 853496AC1 | Standard Industries Inc/ny | BMCAUS | 5.00 | 02/15/2027 | 2,820,000 | 2,819,981.00 | 0.64 |
| 57701RAJ1 | Mattamy Group Corp | MATHOM | 5.25 | 12/15/2027 | 2,700,000 | 2,681,316.00 | 0.61 |
| 670001AG1 | Novelis Corp | HNDLIN | 3.25 | 11/15/2026 | 2,680,000 | 2,636,693.00 | 0.60 |
| 42704LAA2 | HERC Holdings Inc | HRI | 5.50 | 07/15/2027 | 2,651,000 | 2,640,217.00 | 0.60 |
| 449691AC8 | Iliad Holding Sasu | ILDFP | 7.00 | 10/15/2028 | 2,575,000 | 2,604,664.00 | 0.59 |
| 07556QBR5 | Beazer Homes Usa Inc | BZH | 5.88 | 10/15/2027 | 2,625,000 | 2,618,351.00 | 0.59 |
| 097751BX8 | Bombardier Inc | BBDBCN | 6.00 | 02/15/2028 | 2,600,000 | 2,609,750.00 | 0.59 |
| 92332YAC5 | Venture Global Lng Inc | VENLNG | 9.50 | 02/01/2029 | 2,320,000 | 2,529,595.00 | 0.57 |
| B8AC2XVL0 | Heritage Pwr Llc | — | — | — | 38,525 | 2,512,157.00 | 0.57 |
| 91327TAA9 | Uniti Group Lp / Uniti Group Finance 201 | UNIT | 10.50 | 02/15/2028 | 2,357,000 | 2,490,156.00 | 0.56 |
| 146869AL6 | Carvana Co | CVNA | 9.00 | 12/01/2028 | 2,421,837 | 2,480,809.00 | 0.56 |
| 98313RAD8 | WYNN Macau Ltd | WYNMAC | 5.50 | 10/01/2027 | 2,425,000 | 2,415,906.00 | 0.55 |
| 11283YAB6 | Brookfield Residential Properties Inc / | BRPCN | 6.25 | 09/15/2027 | 2,387,000 | 2,381,032.00 | 0.54 |
| 146869AN2 | Carvana Co | CVNA | 11.00 | 06/01/2030 | 2,201,000 | 2,302,445.00 | 0.52 |
| BL5176344 | Digicel International Finance Ltd | DLLTD | 5.25 | 07/30/2032 | 2,300,000 | 2,294,250.00 | 0.52 |
| 18453HAA4 | Clear Channel Outdoor Holdings Inc | CCO | 5.13 | 08/15/2027 | 2,250,000 | 2,246,916.00 | 0.51 |
| 92840VAA0 | Vistra Operations Co Llc | VST | 5.50 | 09/01/2026 | 2,175,000 | 2,173,071.00 | 0.49 |
| 78410GAD6 | SBA Communications Corp | SBAC | 3.88 | 02/15/2027 | 2,225,000 | 2,185,367.00 | 0.49 |
| 55819BAW0 | Madison Park Funding Xviii Ltd | MDPK | 5.53 | 10/21/2030 | 2,124,140 | 2,124,934.00 | 0.48 |
| 78466CAC0 | SS&C Technologies Inc | SSNC | 5.50 | 09/30/2027 | 2,025,000 | 2,025,102.00 | 0.46 |
| 70137TAP0 | Parkland Corp | PKICN | 5.88 | 07/15/2027 | 2,024,000 | 2,022,664.00 | 0.46 |
| BL4645844 | Doncasters Finance Us Llc | DONCAS | 10.80 | 04/23/2030 | 1,975,000 | 1,994,750.00 | 0.45 |
| 89616RAC3 | Trident Tpi Holdings Inc | TEKNI | 12.75 | 12/31/2028 | 1,820,000 | 1,945,995.00 | 0.44 |
| 91282CLK5 | United States Treasury Note/bond | T | 3.63 | 08/31/2029 | 1,965,000 | 1,943,047.00 | 0.44 |
| 35906ABF4 | Frontier Communications Holdings Llc | FYBR | 5.00 | 05/01/2028 | 1,925,000 | 1,924,007.00 | 0.44 |
| 35640YAH0 | Freedom Mortgage Corp | FREMOR | 7.63 | 05/01/2026 | 1,950,000 | 1,954,516.00 | 0.44 |
| 87265HAF6 | TRI Pointe Homes Inc | TPH | 5.25 | 06/01/2027 | 1,900,000 | 1,892,257.00 | 0.43 |
| 91282CLY5 | United States Treasury Note/bond | T | 4.25 | 11/30/2026 | 1,840,000 | 1,843,450.00 | 0.42 |
| 70932MAB3 | Pennymac Financial Services Inc | PFSI | 4.25 | 02/15/2029 | 1,950,000 | 1,869,144.00 | 0.42 |
| BL4756492 | Asurion Llc | ASUCOR | 8.58 | 09/19/2030 | 1,906,908 | 1,874,013.00 | 0.42 |
| BL4985588 | Athenahealth Group Inc | ATHENA | 7.08 | 02/15/2029 | 1,801,976 | 1,798,436.00 | 0.41 |
| BL3572759 | First Brands Group Llc | TRICGR | 9.54 | 03/30/2027 | 1,878,840 | 1,833,434.00 | 0.41 |
| BL4871903 | Acrisure Llc | ACRISU | 7.33 | 11/06/2030 | 1,820,145 | 1,816,732.00 | 0.41 |
| 83613HAL1 | Sound Point Clo Xxi Ltd | SNDPT | 5.61 | 10/26/2031 | 1,803,091 | 1,805,619.00 | 0.41 |
| 16308NAA2 | Olympus Water Us Holding Corp | SOLEIN | 7.13 | 10/01/2027 | 1,775,000 | 1,803,557.00 | 0.41 |
| 629377CH3 | NRG Energy Inc | NRG | 5.25 | 06/15/2029 | 1,775,000 | 1,755,244.00 | 0.40 |
| 92676XAD9 | Viking Cruises Ltd | VIKCRU | 5.88 | 09/15/2027 | 1,750,000 | 1,741,250.00 | 0.39 |
| 90932LAG2 | United Airlines Inc | UAL | 4.38 | 04/15/2026 | 1,690,000 | 1,679,780.00 | 0.38 |
| 654922AB9 | Nissan Motor Co Ltd | NSANY | 7.50 | 07/17/2030 | 1,620,000 | 1,670,625.00 | 0.38 |
| 131347CN4 | Calpine Corp | CPN | 5.13 | 03/15/2028 | 1,700,000 | 1,691,688.00 | 0.38 |
| 00653VAA9 | Adapthealth Llc | ADAHEA | 6.13 | 08/01/2028 | 1,675,000 | 1,668,190.00 | 0.38 |
| 25259KAA8 | Olympus Water Us Holding Corp | SOLEIN | 9.75 | 11/15/2028 | 1,575,000 | 1,651,843.00 | 0.37 |
| 63861CAC3 | Nationstar Mortgage Holdings Inc | COOP | 5.50 | 08/15/2028 | 1,650,000 | 1,648,316.00 | 0.37 |
| 53523LAA8 | Lindblad Expeditions Llc | LIND | 6.75 | 02/15/2027 | 1,625,000 | 1,628,291.00 | 0.37 |
| SWB8AE04ZD | Trswap: Iboxhy Index 09/22/2025 Mslsw_r | — | — | 09/22/2025 | 212,262 | 1,635,306.00 | 0.37 |
| BL4808012 | TPC Group Inc | TPCG | 9.95 | 11/21/2031 | 1,670,813 | 1,603,980.00 | 0.36 |
| 7846ELAD9 | SNF Group Saca | SNFF | 3.13 | 03/15/2027 | 1,625,000 | 1,570,530.00 | 0.36 |
| 25470XAY1 | DISH Dbs Corp | DISH | 7.75 | 07/01/2026 | 1,795,000 | 1,595,356.00 | 0.36 |
| 131347CM6 | Calpine Corp | CPN | 4.50 | 02/15/2028 | 1,600,000 | 1,582,541.00 | 0.36 |
| 85172FAR0 | Onemain Finance Corp | OMF | 5.38 | 11/15/2029 | 1,573,000 | 1,542,069.00 | 0.35 |
| SWB8ADVULA | Trswap: Iboxhy Index 09/22/2025 Mslsw_r | — | — | 09/22/2025 | 121,496 | 1,567,813.00 | 0.35 |
| BSF1TT5 | Digicel Intermediate Holdings Ltd / Digi | DIINFL | 11.25 | 05/25/2027 | 1,552,153 | 1,553,317.00 | 0.35 |
| BL4417558 | CLUE Opco Llc | FWRD | 8.78 | 12/19/2030 | 1,505,000 | 1,504,193.00 | 0.34 |
| 780153BG6 | Royal Caribbean Cruises Ltd | RCL | 5.50 | 04/01/2028 | 1,475,000 | 1,490,590.00 | 0.34 |
| 74165HAC2 | Prime Healthcare Services Inc | PRIHEA | 9.38 | 09/01/2029 | 1,490,000 | 1,480,310.00 | 0.34 |
| 14985VAE1 | CCM Merger Inc | MOTOR | 6.38 | 05/01/2026 | 1,510,000 | 1,510,118.00 | 0.34 |
| 1248EPBT9 | CCO Holdings Llc / Cco Holdings Capital | CHTR | 5.13 | 05/01/2027 | 1,515,000 | 1,502,541.00 | 0.34 |
| 22303XAA3 | Reworld Holding Corp | CVA | 4.88 | 12/01/2029 | 1,570,000 | 1,497,357.00 | 0.34 |
| 57763RAD9 | Mauser Packaging Solutions Holding Co | BWY | 7.88 | 04/15/2027 | 1,480,000 | 1,495,854.00 | 0.34 |
| 527298CB7 | Level 3 Financing Inc | LVLT | 4.88 | 06/15/2029 | 1,530,000 | 1,438,398.00 | 0.33 |
| 914906AY8 | Univision Communications Inc | UVN | 8.00 | 08/15/2028 | 1,405,000 | 1,443,764.00 | 0.33 |
| 87724RAA0 | Taylor Morrison Communities Inc | TMHC | 5.88 | 06/15/2027 | 1,421,000 | 1,432,479.00 | 0.32 |
| 59833DAB6 | Midwest Gaming Borrower Llc / Midwest Ga | MWGAME | 4.88 | 05/01/2029 | 1,475,000 | 1,421,621.00 | 0.32 |
| 364760AP3 | GAP Inc/the | GAP | 3.63 | 10/01/2029 | 1,525,000 | 1,405,238.00 | 0.32 |
| 35640YAJ6 | Freedom Mortgage Corp | FREMOR | 6.63 | 01/15/2027 | 1,350,000 | 1,350,543.00 | 0.31 |
| 629377CE0 | NRG Energy Inc | NRG | 5.75 | 01/15/2028 | 1,357,000 | 1,359,227.00 | 0.31 |
| 21873SAB4 | Coreweave Inc | CRWV | 9.25 | 06/01/2030 | 1,345,000 | 1,351,835.00 | 0.31 |
| 235825AF3 | DANA Inc | DAN | 5.38 | 11/15/2027 | 1,350,000 | 1,349,150.00 | 0.31 |
| 05508WAB1 | B&G Foods Inc | BGS | 5.25 | 09/15/2027 | 1,525,000 | 1,352,884.00 | 0.31 |
| 05508WAC9 | B&G Foods Inc | BGS | 8.00 | 09/15/2028 | 1,470,000 | 1,374,817.00 | 0.31 |
| 77311WAA9 | Rocket Cos Inc | RKT | 6.13 | 08/01/2030 | 1,345,000 | 1,364,855.00 | 0.31 |
| BL4070472 | CSC Holdings Llc | CSCHLD | 8.81 | 01/18/2028 | 1,310,727 | 1,307,041.00 | 0.30 |
| 13323AAB6 | Camelot Finance Sa | CCC | 4.50 | 11/01/2026 | 1,341,000 | 1,321,180.00 | 0.30 |
| 33834YAB4 | FIVE Point Operating Co Lp / Five Point | FPH | 10.50 | 01/15/2028 | 1,308,183 | 1,321,407.00 | 0.30 |
| 62957HAJ4 | Nabors Industries Inc | NBR | 7.38 | 05/15/2027 | 1,250,000 | 1,261,307.00 | 0.29 |
| 20752TAB0 | Connect Finco Sarl / Connect Us Finco Ll | ISATLN | 9.00 | 09/15/2029 | 1,275,000 | 1,287,750.00 | 0.29 |
| 00489LAK9 | Acrisure Llc / Acrisure Finance Inc | ACRISU | 8.25 | 02/01/2029 | 1,255,000 | 1,296,363.00 | 0.29 |
| BSF1TY0 | Digicel Midco Ltd / Difl Us Ii Llc | DIGMID | 10.50 | 11/25/2028 | 1,247,680 | 1,263,276.00 | 0.29 |
| 707569AS8 | PENN Entertainment Inc | PENN | 5.63 | 01/15/2027 | 1,300,000 | 1,293,581.00 | 0.29 |
| 88033GDR8 | Tenet Healthcare Corp | THC | 4.38 | 01/15/2030 | 1,350,000 | 1,298,492.00 | 0.29 |
| 92332YAF8 | Venture Global Lng Inc | VENLNG | 9.00 | 03/30/2173 | 1,280,000 | 1,279,820.00 | 0.29 |
| 69354NAE6 | PRA Group Inc | PRAA | 8.38 | 02/01/2028 | 1,200,000 | 1,228,082.00 | 0.28 |
| 77313LAA1 | Rocket Mortgage Llc / Rocket Mortgage Co | RKT | 2.88 | 10/15/2026 | 1,262,000 | 1,230,844.00 | 0.28 |
| 98379KAA0 | XPO Inc | XPO | 6.25 | 06/01/2028 | 1,225,000 | 1,244,942.00 | 0.28 |
| 97381AAA0 | Windstream Services Llc / Windstream Esc | WIN | 8.25 | 10/01/2031 | 1,170,000 | 1,225,821.00 | 0.28 |
| 013092AC5 | Albertsons Cos Inc / Safeway Inc / New A | ACI | 4.63 | 01/15/2027 | 1,225,000 | 1,215,780.00 | 0.28 |
| 045086AM7 | Ashton Woods Usa Llc / Ashton Woods Fina | ASHWOO | 4.63 | 08/01/2029 | 1,300,000 | 1,236,396.00 | 0.28 |
| 63861CAA7 | Nationstar Mortgage Holdings Inc | COOP | 6.00 | 01/15/2027 | 1,256,000 | 1,257,302.00 | 0.28 |
| 50168AAA8 | LABL Inc | LABL | 10.50 | 07/15/2027 | 1,335,000 | 1,258,535.00 | 0.28 |
| 29272WAF6 | Energizer Holdings Inc | ENR | 6.50 | 12/31/2027 | 1,200,000 | 1,216,634.00 | 0.28 |
| 36170JAA4 | GGAM Finance Ltd | GGAMFI | 8.00 | 06/15/2028 | 1,125,000 | 1,185,907.00 | 0.27 |
| 08949LAB6 | BIG River Steel Llc / Brs Finance Corp | BIGBRS | 6.63 | 01/31/2029 | 1,214,000 | 1,213,502.00 | 0.27 |
| SWZ9707Z0K | ICE: (cdx.na.hy.44.v1) | — | 5.00 | 06/20/2030 | 15,380,000 | 1,200,500.00 | 0.27 |
| 92840JAD1 | Vistajet Malta Finance Plc / Vista Manag | VSTJET | 7.88 | 05/01/2027 | 1,170,000 | 1,174,750.00 | 0.27 |
| 853496AD9 | Standard Industries Inc/ny | BMCAUS | 4.75 | 01/15/2028 | 1,175,000 | 1,160,622.00 | 0.26 |
| 654744AC5 | Nissan Motor Co Ltd | NSANY | 4.35 | 09/17/2027 | 1,170,000 | 1,140,796.00 | 0.26 |
| BL4622678 | Lumen Technologies Inc | LUMN | 6.79 | 04/15/2029 | 1,156,348 | 1,149,121.00 | 0.26 |
| BL4979144 | Mavis Tire Express Servi | EOCGRO | 7.33 | 05/04/2028 | 1,131,805 | 1,133,017.00 | 0.26 |
| 00253XAA9 | American Airlines Inc/aadvantage Loyalty | AAL | 5.50 | 04/20/2026 | 1,150,000 | 1,144,250.00 | 0.26 |
| 63938CAK4 | Navient Corp | NAVI | 5.00 | 03/15/2027 | 1,175,000 | 1,161,888.00 | 0.26 |
| 63938CAL2 | Navient Corp | NAVI | 4.88 | 03/15/2028 | 1,125,000 | 1,097,357.00 | 0.25 |
| 42704LAF1 | HERC Holdings Inc | HRI | 7.00 | 06/15/2030 | 1,060,000 | 1,094,537.00 | 0.25 |
| 23918KAT5 | Davita Inc | DVA | 3.75 | 02/15/2031 | 1,225,000 | 1,111,266.00 | 0.25 |
| BL4680841 | Clarios Global Lp | POWSOL | 6.83 | 05/06/2030 | 1,119,843 | 1,119,842.00 | 0.25 |
| 69331CAH1 | PG&E Corp | PCG | 5.00 | 07/01/2028 | 1,150,000 | 1,122,279.00 | 0.25 |
| 70052LAD5 | PARK Intermediate Holdings Llc / Pk Dome | PK | 7.00 | 02/01/2030 | 1,060,000 | 1,086,223.00 | 0.25 |
| 749571AF2 | RHP Hotel Properties Lp / Rhp Finance Co | RHP | 4.75 | 10/15/2027 | 1,100,000 | 1,089,288.00 | 0.25 |
| 92769XAP0 | Virgin Media Secured Finance Plc | VMED | 5.50 | 05/15/2029 | 1,125,000 | 1,098,540.00 | 0.25 |
| 893830BY4 | Transocean Inc | RIG | 8.25 | 05/15/2029 | 1,160,000 | 1,090,469.00 | 0.25 |
| 87470LAG6 | Tallgrass Energy Partners Lp / Tallgrass | TEP | 6.00 | 03/01/2027 | 1,109,000 | 1,105,648.00 | 0.25 |
| 733174AL0 | Popular Inc | BPOP | 7.25 | 03/13/2028 | 1,000,000 | 1,042,500.00 | 0.24 |
| 00081TAK4 | ACCO Brands Corp | ACCO | 4.25 | 03/15/2029 | 1,195,000 | 1,058,512.00 | 0.24 |
| 053773BE6 | AVIS Budget Car Rental Llc / Avis Budget | CAR | 5.75 | 07/15/2027 | 1,082,000 | 1,076,648.00 | 0.24 |
| 62886HBN0 | NCL Corp Ltd | NCLH | 8.13 | 01/15/2029 | 1,000,000 | 1,048,470.00 | 0.24 |
| 62886EAY4 | NCR Voyix Corp | VYX | 5.00 | 10/01/2028 | 1,100,000 | 1,081,625.00 | 0.24 |
| 85571BAY1 | Starwood Property Trust Inc | STWD | 4.38 | 01/15/2027 | 1,050,000 | 1,032,829.00 | 0.23 |
| 85172FAN9 | Onemain Finance Corp | OMF | 7.13 | 03/15/2026 | 985,000 | 996,580.00 | 0.23 |
| 893647BU0 | Transdigm Inc | TDG | 6.38 | 03/01/2029 | 1,005,000 | 1,028,756.00 | 0.23 |
| 983130AX3 | WYNN Las Vegas Llc / Wynn Las Vegas Capi | WYNNLV | 5.25 | 05/15/2027 | 1,000,000 | 998,710.00 | 0.23 |
| B8AC6L2G5 | Hurricane Cleanco Limited | — | 6.25 | 10/31/2029 | 758,587 | 1,031,882.00 | 0.23 |
| BL3547827 | Asurion Llc | ASUCOR | 7.69 | 07/31/2027 | 981,438 | 981,028.00 | 0.22 |
| BL3572783 | First Brands Group Llc | TRICGR | 13.04 | 03/30/2028 | 1,028,000 | 961,180.00 | 0.22 |
| BL3443084 | Virgin Media Bristol Llc | VMED | 7.68 | 01/31/2029 | 975,000 | 967,823.00 | 0.22 |
| BL4846426 | Cimpress Plc | CMPR | 6.83 | 05/17/2028 | 960,380 | 956,778.00 | 0.22 |
| BNZHNG3 | Bellis Acquisition Co Plc | ASSDLN | 8.13 | 05/14/2030 | 775,000 | 971,356.00 | 0.22 |
| 82088KAK4 | SHEA Homes Lp / Shea Homes Funding Corp | SHEAHM | 4.75 | 02/15/2028 | 1,000,000 | 978,262.00 | 0.22 |
| 57779EAA6 | Maxim Crane Works Holdings Capital Llc | CLDCRN | 11.50 | 09/01/2028 | 900,000 | 954,550.00 | 0.22 |
| 345397B28 | FORD Motor Credit Co Llc | F | 3.38 | 11/13/2025 | 975,000 | 969,381.00 | 0.22 |
| 36168QAL8 | GFL Environmental Inc | GFLCN | 4.00 | 08/01/2028 | 1,025,000 | 993,225.00 | 0.22 |
| 05553LAA1 | BCPE Ulysses Intermediate Inc | USLBMH | 7.75 | 04/01/2027 | 955,000 | 954,837.00 | 0.22 |
| 04364VAK9 | Ascent Resources Utica Holdings Llc / Ar | ASCRES | 9.00 | 11/01/2027 | 800,000 | 973,372.00 | 0.22 |
| 019579AA9 | Allied Universal Holdco Llc/allied Unive | UNSEAM | 4.63 | 06/01/2028 | 950,000 | 921,500.00 | 0.21 |
| 05552BAA4 | LBM Acquisition Llc | USLBMH | 6.25 | 01/15/2029 | 1,045,000 | 917,263.00 | 0.21 |
| 36170JAC0 | GGAM Finance Ltd | GGAMFI | 8.00 | 02/15/2027 | 900,000 | 924,057.00 | 0.21 |
| 431318AU8 | Hilcorp Energy I Lp / Hilcorp Finance Co | HILCRP | 5.75 | 02/01/2029 | 925,000 | 906,987.00 | 0.21 |
| 62886HBE0 | NCL Corp Ltd | NCLH | 5.88 | 02/15/2027 | 945,000 | 944,291.00 | 0.21 |
| 603051AE3 | Mineral Resources Ltd | MINAU | 9.25 | 10/01/2028 | 885,000 | 922,612.00 | 0.21 |
| 854938AA5 | STAR Leasing Co Llc | TRAILR | 7.63 | 02/15/2030 | 955,000 | 942,494.00 | 0.21 |
| 95081QAP9 | Wesco Distribution Inc | WCC | 7.25 | 06/15/2028 | 900,000 | 912,525.00 | 0.21 |
| 96926JAC1 | William Carter Co/the | CRI | 5.63 | 03/15/2027 | 922,000 | 915,268.00 | 0.21 |
| BMYGPJ1 | Preem Holdings Ab | PREEM | 12.00 | 06/30/2027 | 800,000 | 938,248.00 | 0.21 |
| BL4985299 | Boxer Parent Co Inc | BMC | 7.33 | 07/30/2031 | 878,338 | 877,926.00 | 0.20 |
| 92921EAA0 | Voyager Parent Llc | EVRI | 9.25 | 07/01/2032 | 850,000 | 899,380.00 | 0.20 |
| 861036AB7 | STL Holding Co Llc | DSLDHM | 8.75 | 02/15/2029 | 837,000 | 870,533.00 | 0.20 |
| 62886EBA5 | NCR Voyix Corp | VYX | 5.13 | 04/15/2029 | 900,000 | 882,031.00 | 0.20 |
| 651229BF2 | Newell Brands Inc | NWL | 6.38 | 05/15/2030 | 900,000 | 874,806.00 | 0.20 |
| 475795AD2 | Jeld-wen Inc | JELD | 4.88 | 12/15/2027 | 950,000 | 900,812.00 | 0.20 |
| 38016LAA3 | GO Daddy Operating Co Llc / Gd Finance C | GDDY | 5.25 | 12/01/2027 | 900,000 | 896,477.00 | 0.20 |
| 045086AK1 | Ashton Woods Usa Llc / Ashton Woods Fina | ASHWOO | 6.63 | 01/15/2028 | 900,000 | 904,789.00 | 0.20 |
| 041242AA6 | ARKO Corp | ARKO | 5.13 | 11/15/2029 | 1,100,000 | 901,893.00 | 0.20 |
| 25470MAG4 | DISH Network Corp | DISH | 11.75 | 11/15/2027 | 840,000 | 874,617.00 | 0.20 |
| 12769GAB6 | Caesars Entertainment Inc | CZR | 7.00 | 02/15/2030 | 875,000 | 902,651.00 | 0.20 |
| 143658CA8 | Carnival Corp | CCL | 5.75 | 08/01/2032 | 855,000 | 860,788.00 | 0.19 |
| 233104AA6 | DCLI Bidco Llc | DIRCHA | 7.75 | 11/15/2029 | 815,000 | 831,350.00 | 0.19 |
| 097751BV2 | Bombardier Inc | BBDBCN | 7.13 | 06/15/2026 | 819,000 | 818,488.00 | 0.19 |
| 36168QAP9 | GFL Environmental Inc | GFLCN | 4.38 | 08/15/2029 | 860,000 | 831,155.00 | 0.19 |
| 35641AAA6 | Freedom Mortgage Holdings Llc | FREMOR | 9.25 | 02/01/2029 | 805,000 | 841,755.00 | 0.19 |
| 335934AV7 | First Quantum Minerals Ltd | FMCN | 9.38 | 03/01/2029 | 810,000 | 855,562.00 | 0.19 |
| 88033GDM9 | Tenet Healthcare Corp | THC | 4.25 | 06/01/2029 | 875,000 | 844,109.00 | 0.19 |
| 74841CAA9 | Rocket Mortgage Llc / Rocket Mortgage Co | RKT | 3.63 | 03/01/2029 | 900,000 | 850,384.00 | 0.19 |
| 68622TAA9 | Organon & Co / Organon Foreign Debt Co-i | OGN | 4.13 | 04/30/2028 | 900,000 | 851,420.00 | 0.19 |
| 68245XAH2 | 1011778 Bc Ulc / New Red Finance Inc | BCULC | 3.88 | 01/15/2028 | 875,000 | 844,077.00 | 0.19 |
| 69356MAA4 | PM General Purchaser Llc | AMGENE | 9.50 | 10/01/2028 | 1,000,000 | 777,309.00 | 0.18 |
| 737446AP9 | POST Holdings Inc | POST | 5.50 | 12/15/2029 | 813,000 | 806,104.00 | 0.18 |
| 80349BCD7 | Saratoga Investment Corp Clo 2013-1 Ltd | SARAT | 5.63 | 04/20/2033 | 774,354 | 775,242.00 | 0.18 |
| 92332YAD3 | Venture Global Lng Inc | VENLNG | 9.88 | 02/01/2032 | 740,000 | 798,441.00 | 0.18 |
| 91832VAA2 | VOC Escrow Ltd | VIKCRU | 5.00 | 02/15/2028 | 800,000 | 790,472.00 | 0.18 |
| BL4813269 | Trans Union Llc | TRUN | 6.08 | 06/24/2031 | 783,844 | 784,579.00 | 0.18 |
| BL3652478 | Skillsoft Finance Ii Inc | SKIL | 9.69 | 07/14/2028 | 877,901 | 814,801.00 | 0.18 |
| 29163VAG8 | Empire Communities Corp | EMPRCC | 9.75 | 05/01/2029 | 775,000 | 789,484.00 | 0.18 |
| 35908MAB6 | Frontier Communications Holdings Llc | FYBR | 6.00 | 01/15/2030 | 775,000 | 784,136.00 | 0.18 |
| 536797AG8 | Lithia Motors Inc | LAD | 3.88 | 06/01/2029 | 825,000 | 779,710.00 | 0.18 |
| 58506DAA6 | Medline Borrower Lp/medline Co-issuer In | MEDIND | 6.25 | 04/01/2029 | 775,000 | 791,494.00 | 0.18 |
| 097793AE3 | Civitas Resources Inc | CIVI | 5.00 | 10/15/2026 | 800,000 | 791,471.00 | 0.18 |
| 17888HAA1 | Civitas Resources Inc | CIVI | 8.38 | 07/01/2028 | 755,000 | 777,309.00 | 0.18 |
| 103304BV2 | BOYD Gaming Corp | BYD | 4.75 | 06/15/2031 | 804,000 | 765,969.00 | 0.17 |
| 071734AQ0 | Bausch Health Cos Inc | BHCCN | 11.00 | 09/30/2028 | 730,000 | 750,075.00 | 0.17 |
| 019576AF4 | Allied Universal Holdco Llc / Allied Uni | UNSEAM | 6.88 | 06/15/2030 | 745,000 | 763,297.00 | 0.17 |
| 55305BAS0 | M/I Homes Inc | MHO | 4.95 | 02/01/2028 | 750,000 | 743,134.00 | 0.17 |
| 55342UAH7 | MPT Operating Partnership Lp / Mpt Finan | MPW | 5.00 | 10/15/2027 | 800,000 | 733,891.00 | 0.17 |
| 64083YAA9 | Nesco Holdings Ii Inc | NSCO | 5.50 | 04/15/2029 | 750,000 | 731,167.00 | 0.17 |
| 638962AA8 | NCR Atleos Corp | NCRATL | 9.50 | 04/01/2029 | 675,000 | 731,453.00 | 0.17 |
| 346232AE1 | Forestar Group Inc | FOR | 5.00 | 03/01/2028 | 775,000 | 768,240.00 | 0.17 |
| BL3493089 | LBM Acquisition Llc | USLBMH | 8.18 | 12/17/2027 | 733,270 | 729,604.00 | 0.17 |
| BL4799294 | Xplore Inc/nb | BARXPL | 6.09 | 10/24/2031 | 1,018,322 | 763,741.00 | 0.17 |
| 86765KAA7 | Sunoco Lp / Sunoco Finance Corp | SUN | 7.00 | 09/15/2028 | 750,000 | 772,863.00 | 0.17 |
| 78410GAG9 | SBA Communications Corp | SBAC | 3.13 | 02/01/2029 | 800,000 | 745,624.00 | 0.17 |
| 85571BBB0 | Starwood Property Trust Inc | STWD | 7.25 | 04/01/2029 | 700,000 | 732,884.00 | 0.17 |
| 69867DAC2 | Clarios Global Lp / Clarios Us Finance C | POWSOL | 8.50 | 05/15/2027 | 750,000 | 753,990.00 | 0.17 |
| 682691AC4 | Onemain Finance Corp | OMF | 3.88 | 09/15/2028 | 775,000 | 739,160.00 | 0.17 |
| 90932LAH0 | United Airlines Inc | UAL | 4.63 | 04/15/2029 | 725,000 | 707,599.00 | 0.16 |
| 92537RAA7 | TK Elevator Us Newco Inc | THYELE | 5.25 | 07/15/2027 | 725,000 | 722,281.00 | 0.16 |
| 92564RAH8 | VICI Properties Lp / Vici Note Co Inc | VICI | 4.50 | 09/01/2026 | 726,000 | 722,436.00 | 0.16 |
| 92841HAA0 | Vistajet Malta Finance Plc / Vista Manag | VSTJET | 9.50 | 06/01/2028 | 690,000 | 707,304.00 | 0.16 |
| 535219AA7 | Lindblad Expeditions Holdings Inc | LIND | 9.00 | 05/15/2028 | 675,000 | 703,569.00 | 0.16 |
| 50190EAA2 | LCM Investments Holdings Ii Llc | MAGLLC | 4.88 | 05/01/2029 | 725,000 | 704,592.00 | 0.16 |
| 097023DG7 | Boeing Co/the | BA | 2.20 | 02/04/2026 | 725,000 | 715,433.00 | 0.16 |
| 03969AAN0 | Ardagh Packaging Finance Plc / Ardagh Ho | ARGID | 4.13 | 08/15/2026 | 700,000 | 691,250.00 | 0.16 |
| 17302XAM8 | Citgo Petroleum Corp | CITPET | 6.38 | 06/15/2026 | 700,000 | 699,604.00 | 0.16 |
| 18453HAE6 | Clear Channel Outdoor Holdings Inc | CCO | 9.00 | 09/15/2028 | 675,000 | 707,468.00 | 0.16 |
| 1248EPBX0 | CCO Holdings Llc / Cco Holdings Capital | CHTR | 5.00 | 02/01/2028 | 735,000 | 721,537.00 | 0.16 |
| 109641AK6 | Brinker International Inc | EAT | 8.25 | 07/15/2030 | 625,000 | 663,150.00 | 0.15 |
| 143658BQ4 | Carnival Corp | CCL | 4.00 | 08/01/2028 | 694,000 | 671,409.00 | 0.15 |
| 18972EAB1 | Clydesdale Acquisition Holdings Inc | NOVHOL | 8.75 | 04/15/2030 | 635,000 | 647,720.00 | 0.15 |
| 59155LAA0 | Mavis Tire Express Services Topco Corp | EOCGRO | 6.50 | 05/15/2029 | 650,000 | 642,454.00 | 0.15 |
| 55609NAC2 | Macquarie Airfinance Holdings Ltd | MCAIRH | 6.40 | 03/26/2029 | 645,000 | 670,640.00 | 0.15 |
| 62886HBP5 | NCL Corp Ltd | NCLH | 6.25 | 03/01/2030 | 673,000 | 681,412.00 | 0.15 |
| 398433AP7 | Griffon Corp | GFF | 5.75 | 03/01/2028 | 650,000 | 646,607.00 | 0.15 |
| 92676XAF4 | Viking Cruises Ltd | VIKCRU | 7.00 | 02/15/2029 | 650,000 | 655,005.00 | 0.15 |
| 92682RAA0 | Viking Ocean Cruises Ship Vii Ltd | VIKCRU | 5.63 | 02/15/2029 | 650,000 | 646,509.00 | 0.15 |
| 91327BAA8 | Uniti Group Lp / Uniti Group Finance 201 | UNIT | 6.50 | 02/15/2029 | 700,000 | 680,914.00 | 0.15 |
| 74843PAA8 | Quikrete Holdings Inc | QUIKHO | 6.38 | 03/01/2032 | 650,000 | 667,109.00 | 0.15 |
| BL4949832 | Clarios Global Lp | POWSOL | 7.08 | 01/28/2032 | 675,000 | 675,281.00 | 0.15 |
| BL4783108 | NCR Atleos Corp | NCRATL | 8.03 | 04/16/2029 | 646,400 | 650,924.00 | 0.15 |
| CURRENCY | Currency | — | — | — | 607,575 | 652,228.00 | 0.15 |
| BL4993855 | MPH Acquisition Holdings | MLTPLN | 8.03 | 12/31/2030 | 666,431 | 663,098.00 | 0.15 |
| BL3543891 | Connect Finco Sarl | IMASF | 7.83 | 12/11/2026 | 600,000 | 598,500.00 | 0.14 |
| BL3856764 | Viasat Inc | VSAT | 8.94 | 03/02/2029 | 621,291 | 611,065.00 | 0.14 |
| 98379JAA3 | RXO Inc | RXO | 7.50 | 11/15/2027 | 615,000 | 627,685.00 | 0.14 |
| 68245XAJ8 | 1011778 Bc Ulc / New Red Finance Inc | BCULC | 4.38 | 01/15/2028 | 642,000 | 627,555.00 | 0.14 |
| 780153BK7 | Royal Caribbean Cruises Ltd | RCL | 5.38 | 07/15/2027 | 625,000 | 627,898.00 | 0.14 |
| 896522AJ8 | Trinity Industries Inc | TRN | 7.75 | 07/15/2028 | 575,000 | 598,730.00 | 0.14 |
| 88830MAM4 | Titan International Inc | TWI | 7.00 | 04/30/2028 | 625,000 | 623,305.00 | 0.14 |
| 86765LAQ0 | Sunoco Lp / Sunoco Finance Corp | SUN | 6.00 | 04/15/2027 | 600,000 | 599,655.00 | 0.14 |
| 431318AS3 | Hilcorp Energy I Lp / Hilcorp Finance Co | HILCRP | 6.25 | 11/01/2028 | 600,000 | 602,709.00 | 0.14 |
| 35906ABG2 | Frontier Communications Holdings Llc | FYBR | 6.75 | 05/01/2029 | 600,000 | 605,883.00 | 0.14 |
| 058498AZ9 | BALL Corp | BALL | 6.00 | 06/15/2029 | 620,000 | 631,079.00 | 0.14 |
| 00810GAD6 | Aethon United Br Lp / Aethon United Fina | AETUNI | 7.50 | 10/01/2029 | 570,000 | 597,043.00 | 0.14 |
| 030981AL8 | Amerigas Partners Lp / Amerigas Finance | APU | 5.75 | 05/20/2027 | 615,000 | 611,368.00 | 0.14 |
| 04942PAJ6 | Atlas Static Senior Loan Fund I Ltd | ATSTC | 6.07 | 07/15/2030 | 566,065 | 566,055.00 | 0.13 |
| 053773BC0 | AVIS Budget Car Rental Llc / Avis Budget | CAR | 5.75 | 07/15/2027 | 583,000 | 579,524.00 | 0.13 |
| 143658BY7 | Carnival Corp | CCL | 5.75 | 03/15/2030 | 575,000 | 583,265.00 | 0.13 |
| 335934AT2 | First Quantum Minerals Ltd | FMCN | 6.88 | 10/15/2027 | 577,000 | 576,278.00 | 0.13 |
| 469815AK0 | Jacobs Entertainment Inc | JACENT | 6.75 | 02/15/2029 | 600,000 | 584,747.00 | 0.13 |
| 65505PAA5 | Noble Finance Ii Llc | NEFINA | 8.00 | 04/15/2030 | 555,000 | 564,631.00 | 0.13 |
| 89157UAA5 | Toucan Finco Ltd/toucan Finco Can Inc/to | TOUCAN | 9.50 | 05/15/2030 | 550,000 | 562,864.00 | 0.13 |
| 77340RAT4 | Rockies Express Pipeline Llc | ROCKIE | 4.80 | 05/15/2030 | 600,000 | 578,794.00 | 0.13 |
| 682691AJ9 | Onemain Finance Corp | OMF | 6.75 | 03/15/2032 | 550,000 | 557,869.00 | 0.13 |
| BL4578458 | Consolidated Energy Fin Sa | CONSEN | 8.83 | 11/15/2030 | 546,875 | 515,429.00 | 0.12 |
| 469815AL8 | Jacobs Entertainment Inc | JACENT | 6.75 | 02/15/2029 | 550,000 | 537,745.00 | 0.12 |
| 380355AN7 | Goeasy Ltd | GSYCN | 7.38 | 10/01/2030 | 520,000 | 528,689.00 | 0.12 |
| 380355AJ6 | Goeasy Ltd | GSYCN | 7.63 | 07/01/2029 | 525,000 | 538,702.00 | 0.12 |
| 303250AF1 | FAIR Isaac Corp | FAIRIC | 4.00 | 06/15/2028 | 550,000 | 531,513.00 | 0.12 |
| 29272WAC3 | Energizer Holdings Inc | ENR | 4.75 | 06/15/2028 | 544,000 | 529,422.00 | 0.12 |
| 185899AQ4 | Cleveland-cliffs Inc | CLF | 6.88 | 11/01/2029 | 525,000 | 525,189.00 | 0.12 |
| 205768AT1 | Comstock Resources Inc | CRK | 5.88 | 01/15/2030 | 525,000 | 495,314.00 | 0.11 |
| 185899AN1 | Cleveland-cliffs Inc | CLF | 6.75 | 04/15/2030 | 505,000 | 502,063.00 | 0.11 |
| 12543DBM1 | Chs/community Health Systems Inc | CYH | 5.25 | 05/15/2030 | 550,000 | 481,296.00 | 0.11 |
| 045086AP0 | Ashton Woods Usa Llc / Ashton Woods Fina | ASHWOO | 4.63 | 04/01/2030 | 500,000 | 470,130.00 | 0.11 |
| 02406PAU4 | American Axle & Manufacturing Inc | AXL | 6.50 | 04/01/2027 | 500,000 | 500,621.00 | 0.11 |
| 00653VAE1 | Adapthealth Llc | ADAHEA | 5.13 | 03/01/2030 | 500,000 | 470,029.00 | 0.11 |
| 31556TAA7 | Fertitta Entertainment Llc / Fertitta En | FRTITA | 4.63 | 01/15/2029 | 525,000 | 498,911.00 | 0.11 |
| 42704LAE4 | HERC Holdings Inc | HRI | 6.63 | 06/15/2029 | 480,000 | 491,533.00 | 0.11 |
| 45344LAC7 | Crescent Energy Finance Llc | CRGYFN | 9.25 | 02/15/2028 | 487,000 | 506,161.00 | 0.11 |
| 553283AG7 | MPH Acquisition Holdings Llc | MLTPLN | 5.75 | 12/31/2030 | 603,229 | 496,471.00 | 0.11 |
| 50050NAA1 | Kontoor Brands Inc | KTB | 4.13 | 11/15/2029 | 525,000 | 488,354.00 | 0.11 |
| BL4454486 | Venator Finance Sarl | VNTR | 6.32 | 10/12/2028 | 705,692 | 493,984.00 | 0.11 |
| BL4938413 | Venator Finance Sarl | VNTR | 6.30 | 07/16/2026 | 497,696 | 472,811.00 | 0.11 |
| B8AC8DDQ7 | Venator Fin Sarl | — | 6.31 | 12/31/2025 | 494,983 | 470,233.00 | 0.11 |
| BL3925031 | IRIS Holding Inc | ITPCN | 9.13 | 06/28/2028 | 492,630 | 478,808.00 | 0.11 |
| BLFHRK1 | Venator Materials Plc | VNTRF | — | — | 2,671 | 480,780.00 | 0.11 |
| 681639AB6 | Olympus Water Us Holding Corp | SOLEIN | 6.25 | 10/01/2029 | 500,000 | 478,476.00 | 0.11 |
| 70052LAB9 | PARK Intermediate Holdings Llc / Pk Dome | PK | 5.88 | 10/01/2028 | 475,000 | 473,460.00 | 0.11 |
| 79546VAQ9 | Sally Holdings Llc / Sally Capital Inc | SBH | 6.75 | 03/01/2032 | 485,000 | 498,027.00 | 0.11 |
| 81725WAK9 | Sensata Technologies Bv | ST | 4.00 | 04/15/2029 | 500,000 | 473,465.00 | 0.11 |
| 857691AG4 | Station Casinos Llc | RRR | 4.50 | 02/15/2028 | 500,000 | 488,766.00 | 0.11 |
| 86765KAB5 | Sunoco Lp | SUN | 7.00 | 05/01/2029 | 480,000 | 498,453.00 | 0.11 |
| 88033GDH0 | Tenet Healthcare Corp | THC | 4.63 | 06/15/2028 | 475,000 | 466,968.00 | 0.11 |
| 91153LAA5 | United Wholesale Mortgage Llc | UWMLLC | 5.50 | 11/15/2025 | 500,000 | 500,009.00 | 0.11 |
| 96350RAA2 | White Cap Buyer Llc | WHTCAP | 6.88 | 10/15/2028 | 460,000 | 458,994.00 | 0.10 |
| 92332YAE1 | Venture Global Lng Inc | VENLNG | 7.00 | 01/15/2030 | 440,000 | 446,266.00 | 0.10 |
| 893647BR7 | Transdigm Inc | TDG | 6.75 | 08/15/2028 | 450,000 | 459,212.00 | 0.10 |
| 682691AL4 | Onemain Finance Corp | OMF | 6.13 | 05/15/2030 | 420,000 | 420,917.00 | 0.10 |
| 69306RAB2 | P&L Development Llc / Pld Finance Corp | PLDEVE | 12.00 | 05/15/2029 | 406,211 | 420,093.00 | 0.10 |
| 70137WAG3 | Parkland Corp | PKICN | 4.50 | 10/01/2029 | 475,000 | 457,871.00 | 0.10 |
| BMGB6F7 | Ardagh Packaging Finance Plc / Ardagh Ho | ARGID | 2.13 | 08/15/2026 | 400,000 | 452,522.00 | 0.10 |
| BL5118916 | Bingo Holdings I Llc | AGS | 4.75 | 06/14/2032 | 425,000 | 425,354.00 | 0.10 |
| BL4986859 | ECO Material Tech Inc | ECOMAT | 7.47 | 02/12/2032 | 441,000 | 442,102.00 | 0.10 |
| BL4587764 | Magnera Corp | MAGN | 8.58 | 11/04/2031 | 447,750 | 444,252.00 | 0.10 |
| 553283AF9 | MPH Acquisition Holdings Llc | MLTPLN | 11.50 | 12/31/2030 | 431,015 | 425,641.00 | 0.10 |
| 552953CF6 | MGM Resorts International | MGM | 5.50 | 04/15/2027 | 435,000 | 436,521.00 | 0.10 |
| 552953CK5 | MGM Resorts International | MGM | 6.13 | 09/15/2029 | 450,000 | 456,569.00 | 0.10 |
| 62886HBR1 | NCL Corp Ltd | NCLH | 6.75 | 02/01/2032 | 435,000 | 444,787.00 | 0.10 |
| 62886HBA8 | NCL Corp Ltd | NCLH | 5.88 | 03/15/2026 | 449,000 | 449,336.00 | 0.10 |
| 603051AC7 | Mineral Resources Ltd | MINAU | 8.00 | 11/01/2027 | 415,000 | 420,187.00 | 0.10 |
| 380355AH0 | Goeasy Ltd | GSYCN | 9.25 | 12/01/2028 | 435,000 | 460,595.00 | 0.10 |
| 345397C35 | FORD Motor Credit Co Llc | F | 7.35 | 11/04/2027 | 425,000 | 440,233.00 | 0.10 |
| 031921AB5 | Amwins Group Inc | AMWINS | 4.88 | 06/30/2029 | 450,000 | 436,888.00 | 0.10 |
| 143658BN1 | Carnival Corp | CCL | 5.75 | 03/01/2027 | 438,000 | 442,568.00 | 0.10 |
| 15853BAA9 | Champion Iron Canada Inc | CIACN | 7.88 | 07/15/2032 | 435,000 | 444,113.00 | 0.10 |
| 21979LAB2 | Coronado Finance Pty Ltd | CRNAU | 9.25 | 10/01/2029 | 595,000 | 454,431.00 | 0.10 |
| 18064PAC3 | Clarivate Science Holdings Corp | CLVTSC | 3.88 | 07/01/2028 | 400,000 | 383,019.00 | 0.09 |
| 18064PAD1 | Clarivate Science Holdings Corp | CLVTSC | 4.88 | 07/01/2029 | 425,000 | 398,621.00 | 0.09 |
| 15089QAW4 | Celanese Us Holdings Llc | CE | 6.85 | 11/15/2028 | 400,000 | 416,665.00 | 0.09 |
| 12687GAA7 | Cablevision Lightpath Llc | CVLGHT | 3.88 | 09/15/2027 | 420,000 | 415,764.00 | 0.09 |
| 00687YAB1 | Adient Global Holdings Ltd | ADNT | 7.00 | 04/15/2028 | 405,000 | 413,043.00 | 0.09 |
| 00175PAC7 | AMN Healthcare Inc | AMN | 4.00 | 04/15/2029 | 450,000 | 413,328.00 | 0.09 |
| 05480AAA3 | Azorra Finance Ltd | AZORRA | 7.75 | 04/15/2030 | 385,000 | 400,881.00 | 0.09 |
| 34966MAA0 | Fortress Intermediate 3 Inc | PSDO | 7.50 | 06/01/2031 | 380,000 | 398,587.00 | 0.09 |
| 28228PAC5 | EG Global Finance Plc | EGBLFN | 12.00 | 11/30/2028 | 375,000 | 413,906.00 | 0.09 |
| 26884LBG3 | EQT Corp | EQT | 7.50 | 06/01/2027 | 400,000 | 407,054.00 | 0.09 |
| 27034RAA1 | Permian Resources Operating Llc | PR | 8.00 | 04/15/2027 | 390,000 | 398,625.00 | 0.09 |
| 38869AAB3 | Graphic Packaging International Llc | GPK | 3.50 | 03/15/2028 | 400,000 | 382,521.00 | 0.09 |
| 432833AP6 | Hilton Domestic Operating Co Inc | HLT | 5.88 | 04/01/2029 | 380,000 | 386,091.00 | 0.09 |
| 603051AA1 | Mineral Resources Ltd | MINAU | 8.13 | 05/01/2027 | 410,000 | 409,905.00 | 0.09 |
| 651229BG0 | Newell Brands Inc | NWL | 8.50 | 06/01/2028 | 380,000 | 398,624.00 | 0.09 |
| 63938CAJ7 | Navient Corp | NAVI | 6.75 | 06/15/2026 | 400,000 | 403,977.00 | 0.09 |
| BL4045797 | Tenneco Inc | TENINC | 9.42 | 11/17/2028 | 400,000 | 394,642.00 | 0.09 |
| G2770C100 | Digicel Intl Fin Ltd Common Equity | — | — | — | 51,487 | 411,896.00 | 0.09 |
| 71880KAA9 | Phinia Inc | PHIN | 6.75 | 04/15/2029 | 385,000 | 396,263.00 | 0.09 |
| 70052LAC7 | PARK Intermediate Holdings Llc / Pk Dome | PK | 4.88 | 05/15/2029 | 400,000 | 384,923.00 | 0.09 |
| 85172FAQ2 | Onemain Finance Corp | OMF | 6.63 | 01/15/2028 | 400,000 | 409,504.00 | 0.09 |
| 780153BW1 | Royal Caribbean Cruises Ltd | RCL | 5.63 | 09/30/2031 | 410,000 | 413,013.00 | 0.09 |
| 86765LAZ0 | Sunoco Lp / Sunoco Finance Corp | SUN | 4.50 | 04/30/2030 | 400,000 | 383,226.00 | 0.09 |
| 893830BZ1 | Transocean Inc | RIG | 8.50 | 05/15/2031 | 365,000 | 335,186.00 | 0.08 |
| 92916WAA7 | VOYA Clo 2013-2 Ltd | INGIM | 5.55 | 04/25/2031 | 356,542 | 356,774.00 | 0.08 |
| 68245XAR0 | 1011778 Bc Ulc / New Red Finance Inc | BCULC | 6.13 | 06/15/2029 | 365,000 | 371,405.00 | 0.08 |
| 682691AB6 | Onemain Finance Corp | OMF | 3.50 | 01/15/2027 | 375,000 | 365,911.00 | 0.08 |
| BL5147105 | CP Atlas Buyer Inc | AMBATH | 5.25 | 07/08/2030 | 375,000 | 356,250.00 | 0.08 |
| BL4993863 | MPH Acquisition Holdings | MLTPLN | 9.14 | 12/31/2030 | 408,728 | 364,278.00 | 0.08 |
| BL5007242 | Windsor Holdings Iii Llc | UNVR | 7.07 | 08/01/2030 | 344,776 | 343,698.00 | 0.08 |
| BL4063485 | Altice Financing Sa | ALTICE | 9.26 | 10/31/2027 | 418,561 | 363,755.00 | 0.08 |
| 670001AL0 | Novelis Corp | HNDLIN | 6.88 | 01/30/2030 | 355,000 | 365,552.00 | 0.08 |
| 422704AH9 | Hecla Mining Co | HL | 7.25 | 02/15/2028 | 365,000 | 368,621.00 | 0.08 |
| 36170JAB2 | GGAM Finance Ltd | GGAMFI | 7.75 | 05/15/2026 | 350,000 | 352,033.00 | 0.08 |
| 05480AAB1 | Azorra Finance Ltd | AZORRA | 7.25 | 01/15/2031 | 340,000 | 347,378.00 | 0.08 |
| 049362AA4 | Allied Universal Holdco Llc/allied Unive | UNSEAM | 4.63 | 06/01/2028 | 350,000 | 339,388.00 | 0.08 |
| 030981AP9 | Amerigas Partners Lp / Amerigas Finance | APU | 9.50 | 06/01/2030 | 330,000 | 346,482.00 | 0.08 |
| 03690AAH9 | Antero Midstream Partners Lp / Antero Mi | AM | 5.38 | 06/15/2029 | 375,000 | 371,574.00 | 0.08 |
| 03881NAJ6 | Arbor Realty Sr Inc | ABR | 7.88 | 07/15/2030 | 345,000 | 352,329.00 | 0.08 |
| 11283YAD2 | Brookfield Residential Properties Inc / | BRPCN | 4.88 | 02/15/2030 | 400,000 | 362,608.00 | 0.08 |
| 17888HAC7 | Civitas Resources Inc | CIVI | 8.63 | 11/01/2030 | 350,000 | 357,330.00 | 0.08 |
| 25260WAD3 | Diamond Foreign Asset Co / Diamond Finan | DO | 8.50 | 10/01/2030 | 325,000 | 338,607.00 | 0.08 |
| 18972EAD7 | Clydesdale Acquisition Holdings Inc | NOVHOL | 6.75 | 04/15/2032 | 300,000 | 307,128.00 | 0.07 |
| 00489LAM5 | Acrisure Llc / Acrisure Finance Inc | ACRISU | 8.50 | 06/15/2029 | 285,000 | 297,694.00 | 0.07 |
| 00737WAA7 | Adtalem Global Education Inc | ATGE | 5.50 | 03/01/2028 | 321,000 | 317,103.00 | 0.07 |
| 05464CAC5 | AXON Enterprise Inc | AXON | 6.13 | 03/15/2030 | 300,000 | 306,956.00 | 0.07 |
| 384701AA6 | Graham Packaging Co Inc | GRMPAC | 7.13 | 08/15/2028 | 310,000 | 309,073.00 | 0.07 |
| 428040DC0 | Hertz Corp/the | HTZ | 12.63 | 07/15/2029 | 290,000 | 303,130.00 | 0.07 |
| 31556TAC3 | Fertitta Entertainment Llc / Fertitta En | FRTITA | 6.75 | 01/15/2030 | 350,000 | 329,301.00 | 0.07 |
| 645370AF4 | NEW Home Co Inc/the | NWHM | 9.25 | 10/01/2029 | 310,000 | 321,681.00 | 0.07 |
| 645370AG2 | NEW Home Co Inc/the | NWHM | 8.50 | 11/01/2030 | 285,000 | 291,176.00 | 0.07 |
| 64438WAA5 | NEW Flyer Holdings Inc | NFICN | 9.25 | 07/01/2030 | 285,000 | 302,100.00 | 0.07 |
| 62886HBG5 | NCL Corp Ltd | NCLH | 7.75 | 02/15/2029 | 278,000 | 293,962.00 | 0.07 |
| 53219LAU3 | Lifepoint Health Inc | RGCARE | 5.38 | 01/15/2029 | 350,000 | 328,624.00 | 0.07 |
| 983133AA7 | WYNN Resorts Finance Llc / Wynn Resorts | WYNFIN | 5.13 | 10/01/2029 | 325,000 | 322,395.00 | 0.07 |
| BL5042512 | Level 3 Financing Inc | LVLT | 8.58 | 03/29/2032 | 325,000 | 326,300.00 | 0.07 |
| BL5042678 | Vista Management Holding | VSTJET | 8.04 | 03/18/2031 | 300,000 | 300,375.00 | 0.07 |
| 69354NAF3 | PRA Group Inc | PRAA | 8.88 | 01/31/2030 | 290,000 | 301,085.00 | 0.07 |
| 82088KAJ7 | SHEA Homes Lp / Shea Homes Funding Corp | SHEAHM | 4.75 | 04/01/2029 | 325,000 | 313,911.00 | 0.07 |
| 91327BAB6 | Uniti Group Lp / Uniti Group Finance 201 | UNIT | 4.75 | 04/15/2028 | 300,000 | 291,185.00 | 0.07 |
| 91282CMP3 | United States Treasury Note/bond | T | 4.13 | 02/28/2027 | 300,000 | 300,468.00 | 0.07 |
| 893830BX6 | Transocean Inc | RIG | 8.75 | 02/15/2030 | 284,000 | 293,599.00 | 0.07 |
| 87265HAG4 | TRI Pointe Homes Inc | TPH | 5.70 | 06/15/2028 | 325,000 | 328,371.00 | 0.07 |
| 87470LAL5 | Tallgrass Energy Partners Lp / Tallgrass | TEP | 7.38 | 02/15/2029 | 250,000 | 256,392.00 | 0.06 |
| 87724RAG7 | Taylor Morrison Communities Inc | TMHC | 6.63 | 07/15/2027 | 275,000 | 270,515.00 | 0.06 |
| 88642RAE9 | Tidewater Inc | TDW | 9.13 | 07/15/2030 | 235,000 | 246,403.00 | 0.06 |
| 903522AA8 | UWM Holdings Llc | UWMC | 6.63 | 02/01/2030 | 255,000 | 255,274.00 | 0.06 |
| 92840VAB8 | Vistra Operations Co Llc | VST | 5.63 | 02/15/2027 | 250,000 | 249,699.00 | 0.06 |
| 95081QAQ7 | Wesco Distribution Inc | WCC | 6.38 | 03/15/2029 | 255,000 | 261,482.00 | 0.06 |
| 85236FAA1 | Smyrna Ready Mix Concrete Llc | SMYREA | 6.00 | 11/01/2028 | 265,000 | 264,165.00 | 0.06 |
| 716964AA9 | PHH Escrow Issuer Llc/phh Corp | PHHESC | 9.88 | 11/01/2029 | 280,000 | 280,556.00 | 0.06 |
| 68245XAM1 | 1011778 Bc Ulc / New Red Finance Inc | BCULC | 4.00 | 10/15/2030 | 275,000 | 254,718.00 | 0.06 |
| XS27199989 | EG Global Finance Plc | EGBLFN | 11.00 | 11/30/2028 | 200,000 | 252,022.00 | 0.06 |
| B8AC24CC5 | Heritage Power Llc | — | 9.80 | 07/20/2028 | 286,643 | 282,343.00 | 0.06 |
| 98927UAA5 | Zegona Finance Plc | ZEGLN | 8.63 | 07/15/2029 | 260,000 | 276,073.00 | 0.06 |
| BL4047090 | Tenneco Inc | TENINC | 9.17 | 11/17/2028 | 260,949 | 256,871.00 | 0.06 |
| BL4799260 | Xplore Inc/nb | BARXPL | 9.59 | 10/24/2029 | 266,257 | 250,281.00 | 0.06 |
| BL4990380 | Hilcorp Energy I Lp | HILCRP | 6.31 | 02/05/2030 | 274,313 | 274,483.00 | 0.06 |
| BL4964328 | NCR Atleos Corp | NCRATL | 7.03 | 09/27/2028 | 265,685 | 261,367.00 | 0.06 |
| 50168QAF2 | LABL Inc | LABL | 8.63 | 10/01/2031 | 295,000 | 244,751.00 | 0.06 |
| 668771AK4 | GEN Digital Inc | GEN | 6.75 | 09/30/2027 | 250,000 | 254,281.00 | 0.06 |
| 35640YAK3 | Freedom Mortgage Corp | FREMOR | 12.00 | 10/01/2028 | 250,000 | 267,293.00 | 0.06 |
| 389375AN6 | GRAY Media Inc | GTN | 9.63 | 07/15/2032 | 275,000 | 277,661.00 | 0.06 |
| 380355AM9 | Goeasy Ltd | GSYCN | 6.88 | 05/15/2030 | 265,000 | 266,004.00 | 0.06 |
| 095796AJ7 | BLUE Racer Midstream Llc / Blue Racer Fi | BLURAC | 7.00 | 07/15/2029 | 255,000 | 264,464.00 | 0.06 |
| 03690AAD8 | Antero Midstream Partners Lp / Antero Mi | AM | 5.75 | 03/01/2027 | 255,000 | 255,161.00 | 0.06 |
| 031921AC3 | Amwins Group Inc | AMWINS | 6.38 | 02/15/2029 | 200,000 | 203,670.00 | 0.05 |
| 02128LAC0 | ALTA Equipment Group Inc | ALTG | 9.00 | 06/01/2029 | 250,000 | 237,452.00 | 0.05 |
| 21925AAQ8 | Cornerstone Chemical Co Llc | CRNRCH | 10.00 | 05/07/2029 | 215,168 | 204,409.00 | 0.05 |
| 12687GAB5 | Cablevision Lightpath Llc | CVLGHT | 5.63 | 09/15/2028 | 200,000 | 199,182.00 | 0.05 |
| 12597YAC3 | CP Atlas Buyer Inc | AMBATH | 9.75 | 07/15/2030 | 225,000 | 227,076.00 | 0.05 |
| 427056AU0 | Hercules Llc | ASH | 6.50 | 06/30/2029 | 200,000 | 200,241.00 | 0.05 |
| 44267DAE7 | Howard Hughes Corp/the | HHH | 4.13 | 02/01/2029 | 225,000 | 214,668.00 | 0.05 |
| 36168QAN4 | GFL Environmental Inc | GFLCN | 4.75 | 06/15/2029 | 225,000 | 219,375.00 | 0.05 |
| 64828TAC6 | Rithm Capital Corp | RITM | 8.00 | 07/15/2030 | 220,000 | 224,081.00 | 0.05 |
| 63861CAG4 | Nationstar Mortgage Holdings Inc | COOP | 6.50 | 08/01/2029 | 220,000 | 224,813.00 | 0.05 |
| 50168QAC9 | LABL Inc | LABL | 5.88 | 11/01/2028 | 275,000 | 242,118.00 | 0.05 |
| 47232MAG7 | Jefferies Finance Llc / Jfin Co-issuer C | JEFFIN | 6.63 | 10/15/2031 | 200,000 | 199,123.00 | 0.05 |
| 53219LAY5 | Lifepoint Health Inc | RGCARE | 8.38 | 02/15/2032 | 190,000 | 202,246.00 | 0.05 |
| 513272AD6 | LAMB Weston Holdings Inc | LW | 4.13 | 01/31/2030 | 225,000 | 213,798.00 | 0.05 |
| BL4989184 | Quikrete Holdings Inc | QUIKHO | 6.58 | 02/10/2032 | 224,438 | 224,219.00 | 0.05 |
| BL4622694 | Lumen Technologies Inc | LUMN | 6.79 | 04/15/2030 | 209,965 | 208,521.00 | 0.05 |
| B8ADGKST8 | NEW Generation Gas Gathering Llc | — | 4.34 | 09/30/2029 | 210,810 | 207,647.00 | 0.05 |
| B8AD64SP3 | Xplore Inc | — | — | — | 83,927 | 204,424.00 | 0.05 |
| FVU5 COMDT | US 5yr Note (cbt) Sep25 | FVU5 | — | 09/30/2025 | 70,311,719 | 206,591.00 | 0.05 |
| 85571BBD6 | Starwood Property Trust Inc | STWD | 6.50 | 07/01/2030 | 200,000 | 205,736.00 | 0.05 |
| 85571BBE4 | Starwood Property Trust Inc | STWD | 6.50 | 10/15/2030 | 235,000 | 241,750.00 | 0.05 |
| 749571AJ4 | RHP Hotel Properties Lp / Rhp Finance Co | RHP | 7.25 | 07/15/2028 | 200,000 | 206,222.00 | 0.05 |
| 749571AK1 | RHP Hotel Properties Lp / Rhp Finance Co | RHP | 6.50 | 04/01/2032 | 225,000 | 229,867.00 | 0.05 |
| 78454LAX8 | SM Energy Co | SM | 6.75 | 08/01/2029 | 215,000 | 215,168.00 | 0.05 |
| 96949VAN3 | Williams Scotsman Inc | WLSC | 6.63 | 04/15/2030 | 230,000 | 237,236.00 | 0.05 |
| 963320BE5 | Whirlpool Corp | WHR | 6.50 | 06/15/2033 | 200,000 | 196,890.00 | 0.04 |
| 91889FAC5 | Valaris Ltd | VAL | 8.38 | 04/30/2030 | 175,000 | 181,125.00 | 0.04 |
| 91282CLP4 | United States Treasury Note/bond | T | 3.50 | 09/30/2026 | 200,000 | 198,554.00 | 0.04 |
| 864486AK1 | Suburban Propane Partners Lp/suburban En | SPH | 5.88 | 03/01/2027 | 175,000 | 174,366.00 | 0.04 |
| 810186AW6 | Scotts Miracle-gro Co/the | SMG | 4.38 | 02/01/2032 | 200,000 | 181,663.00 | 0.04 |
| 77340RAR8 | Rockies Express Pipeline Llc | ROCKIE | 4.95 | 07/15/2029 | 175,000 | 171,396.00 | 0.04 |
| 68622TAB7 | Organon & Co / Organon Foreign Debt Co-i | OGN | 5.13 | 04/30/2031 | 225,000 | 194,622.00 | 0.04 |
| 69331CAJ7 | PG&E Corp | PCG | 5.25 | 07/01/2030 | 200,000 | 191,603.00 | 0.04 |
| 740212AL9 | Precision Drilling Corp | PDCN | 7.13 | 01/15/2026 | 193,000 | 192,247.00 | 0.04 |
| B8ACXD562 | NEW Generation Gas Gathering Llc | — | 4.32 | 09/30/2029 | 175,676 | 173,040.00 | 0.04 |
| B8ADVAEX9 | NEW Generation Gas Gathering Llc | — | 4.34 | 09/30/2029 | 175,675 | 173,039.00 | 0.04 |
| 978097AG8 | Wolverine World Wide Inc | WWW | 4.00 | 08/15/2029 | 175,000 | 157,673.00 | 0.04 |
| 521088AC8 | LD Holdings Group Llc | LNDPT | 6.13 | 04/01/2028 | 200,000 | 171,452.00 | 0.04 |
| 50168QAE5 | LABL Inc | LABL | 9.50 | 11/01/2028 | 175,000 | 161,935.00 | 0.04 |
| 55342UAQ7 | MPT Operating Partnership Lp / Mpt Finan | MPW | 8.50 | 02/15/2032 | 150,000 | 156,037.00 | 0.04 |
| 345397B77 | FORD Motor Credit Co Llc | F | 2.70 | 08/10/2026 | 200,000 | 195,093.00 | 0.04 |
| 345397C27 | FORD Motor Credit Co Llc | F | 4.95 | 05/28/2027 | 200,000 | 198,355.00 | 0.04 |
| 29365BAA1 | Entegris Inc | ENTG | 4.75 | 04/15/2029 | 175,000 | 171,386.00 | 0.04 |
| 345397A86 | FORD Motor Credit Co Llc | F | 4.13 | 08/17/2027 | 200,000 | 194,928.00 | 0.04 |
| 278768AC0 | Echostar Corp | SATS | 10.75 | 11/30/2029 | 175,000 | 184,403.00 | 0.04 |
| 442722AB0 | Howard Midstream Energy Partners Llc | HOWMID | 8.88 | 07/15/2028 | 150,000 | 156,769.00 | 0.04 |
| 445587AE8 | HUNT Cos Inc | HUNTCO | 5.25 | 04/15/2029 | 175,000 | 171,471.00 | 0.04 |
| 431318AY0 | Hilcorp Energy I Lp / Hilcorp Finance Co | HILCRP | 6.00 | 04/15/2030 | 200,000 | 196,773.00 | 0.04 |
| 126307AQ0 | CSC Holdings Llc | CSCHLD | 5.50 | 04/15/2027 | 200,000 | 193,645.00 | 0.04 |
| 126307AS6 | CSC Holdings Llc | CSCHLD | 5.38 | 02/01/2028 | 200,000 | 184,001.00 | 0.04 |
| 126307AY3 | CSC Holdings Llc | CSCHLD | 7.50 | 04/01/2028 | 200,000 | 161,814.00 | 0.04 |
| 21873SAC2 | Coreweave Inc | CRWV | 9.00 | 02/01/2031 | 190,000 | 189,666.00 | 0.04 |
| 02154CAJ2 | Altice Financing Sa | ALTICE | 9.63 | 07/15/2027 | 200,000 | 183,656.00 | 0.04 |
| 023771T32 | American Airlines Inc | AAL | 7.25 | 02/15/2028 | 175,000 | 178,515.00 | 0.04 |
| 00653VAC5 | Adapthealth Llc | ADAHEA | 4.63 | 08/01/2029 | 175,000 | 164,014.00 | 0.04 |
| 04624VAB5 | Assuredpartners Inc | ASSPAR | 5.63 | 01/15/2029 | 175,000 | 174,596.00 | 0.04 |
| 07132ACC5 | Battalion Clo Viii Ltd | BATLN | 5.66 | 07/18/2030 | 192,946 | 193,138.00 | 0.04 |
| 071734AN7 | Bausch Health Cos Inc | BHCCN | 4.88 | 06/01/2028 | 125,000 | 110,625.00 | 0.03 |
| 105340AQ6 | Brandywine Operating Partnership Lp | BDN | 3.95 | 11/15/2027 | 150,000 | 144,628.00 | 0.03 |
| 097751BZ3 | Bombardier Inc | BBDBCN | 7.50 | 02/01/2029 | 115,000 | 119,387.00 | 0.03 |
| 01741RAN2 | ATI Inc | ATI | 7.25 | 08/15/2030 | 145,000 | 151,599.00 | 0.03 |
| 04288BAB6 | Arsenal Aic Parent Llc | ARNC | 8.00 | 10/01/2030 | 120,000 | 127,159.00 | 0.03 |
| 22282EAJ1 | Reworld Holding Corp | CVA | 5.00 | 09/01/2030 | 120,000 | 113,899.00 | 0.03 |
| 185899AS0 | Cleveland-cliffs Inc | CLF | 7.50 | 09/15/2031 | 140,000 | 139,936.00 | 0.03 |
| 126307BB2 | CSC Holdings Llc | CSCHLD | 4.13 | 12/01/2030 | 200,000 | 134,365.00 | 0.03 |
| 12543DBH2 | Chs/community Health Systems Inc | CYH | 6.00 | 01/15/2029 | 150,000 | 142,793.00 | 0.03 |
| 126307BF3 | CSC Holdings Llc | CSCHLD | 3.38 | 02/15/2031 | 200,000 | 131,662.00 | 0.03 |
| 15089QAM6 | Celanese Us Holdings Llc | CE | 6.67 | 07/15/2027 | 150,000 | 153,887.00 | 0.03 |
| 131347CR5 | Calpine Corp | CPN | 3.75 | 03/01/2031 | 150,000 | 141,025.00 | 0.03 |
| 428040DA4 | Hertz Corp/the | HTZ | 4.63 | 12/01/2026 | 140,000 | 126,608.00 | 0.03 |
| 46593WAA3 | JH North America Holdings Inc | JHXAU | 5.88 | 01/31/2031 | 145,000 | 145,634.00 | 0.03 |
| 284902AF0 | Eldorado Gold Corp | ELDCN | 6.25 | 09/01/2029 | 150,000 | 149,491.00 | 0.03 |
| 25470XBD6 | DISH Dbs Corp | DISH | 5.13 | 06/01/2029 | 175,000 | 127,645.00 | 0.03 |
| 35641AAC2 | Freedom Mortgage Holdings Llc | FREMOR | 8.38 | 04/01/2032 | 120,000 | 122,567.00 | 0.03 |
| 35908MAA8 | Frontier Communications Holdings Llc | FYBR | 5.88 | 11/01/2029 | 150,000 | 151,358.00 | 0.03 |
| 527298BV4 | Level 3 Financing Inc | LVLT | 11.00 | 11/15/2029 | 133,535 | 151,689.00 | 0.03 |
| 983793AK6 | XPO Inc | XPO | 7.13 | 02/01/2032 | 135,000 | 140,544.00 | 0.03 |
| B8AB393F8 | TPC Group Rights | — | — | — | 4,927 | 117,324.00 | 0.03 |
| B8AC2XW47 | Heritage Pwr Llc | — | — | — | 1,694 | 110,463.00 | 0.03 |
| BL4766657 | Windstream Services Llc | WIN | 9.18 | 10/01/2031 | 150,000 | 150,562.00 | 0.03 |
| BL4722254 | Likewize Corp | BSTA | 10.03 | 08/15/2029 | 122,500 | 119,131.00 | 0.03 |
| BL4990463 | GFL Es Us Llc | GFLCN | 6.82 | 03/03/2032 | 150,000 | 150,000.00 | 0.03 |
| BL4979052 | Great Outdoors Group Llc | BASSPR | 7.58 | 01/23/2032 | 135,571 | 135,503.00 | 0.03 |
| 75026JAH3 | Radiate Holdco Llc / Radiate Finance Inc | RADIAT | 9.25 | 03/25/2030 | 166,000 | 116,203.00 | 0.03 |
| 812127AA6 | Sealed Air Corp/sealed Air Corp Us | SEE | 6.13 | 02/01/2028 | 125,000 | 126,197.00 | 0.03 |
| 78442PGF7 | SLM Corp | SLM | 6.50 | 01/31/2030 | 135,000 | 140,222.00 | 0.03 |
| 86765LAT4 | Sunoco Lp / Sunoco Finance Corp | SUN | 4.50 | 05/15/2029 | 146,000 | 141,249.00 | 0.03 |
| 876511AG1 | Taseko Mines Ltd | TKOCN | 8.25 | 05/01/2030 | 145,000 | 151,343.00 | 0.03 |
| 880779BA0 | Terex Corp | TEX | 5.00 | 05/15/2029 | 150,000 | 146,412.00 | 0.03 |
| 92262TAA4 | Velocity Vehicle Group Llc | VLCYVG | 8.00 | 06/01/2029 | 150,000 | 151,984.00 | 0.03 |
| 92535UAB0 | Vertiv Group Corp | VRT | 4.13 | 11/15/2028 | 150,000 | 145,823.00 | 0.03 |
| 913229AA8 | United Wholesale Mortgage Llc | UWMLLC | 5.50 | 04/15/2029 | 125,000 | 122,323.00 | 0.03 |
| 963320BD7 | Whirlpool Corp | WHR | 6.13 | 06/15/2030 | 120,000 | 119,718.00 | 0.03 |
| 91838PAA9 | VT Topco Inc | VERCOR | 8.50 | 08/15/2030 | 85,000 | 90,497.00 | 0.02 |
| 911365BG8 | United Rentals North America Inc | URI | 4.88 | 01/15/2028 | 100,000 | 99,391.00 | 0.02 |
| 86765LAN7 | Sunoco Lp / Sunoco Finance Corp | SUN | 5.88 | 03/15/2028 | 75,000 | 75,017.00 | 0.02 |
| BL4755601 | Lifepoint Health Inc | RGCARE | 8.01 | 05/16/2031 | 99,500 | 99,043.00 | 0.02 |
| 98379KAB8 | XPO Inc | XPO | 7.13 | 06/01/2031 | 75,000 | 77,635.00 | 0.02 |
| B8AD38TW1 | NEW Generation Gas - Unfunded | — | — | 09/30/2029 | 87,838 | 86,520.00 | 0.02 |
| B8AC4A3C9 | Cornerstone Chem Co | — | — | — | 9,517 | 73,280.00 | 0.02 |
| SWB8AE2SN8 | Trswap: Iboxhy Index 09/22/2025 Mslsw_r | — | — | 09/22/2025 | 34,361 | 102,541.00 | 0.02 |
| 516806AJ5 | Vital Energy Inc | VTLE | 9.75 | 10/15/2030 | 75,000 | 70,480.00 | 0.02 |
| 48666KAX7 | KB Home | KBH | 6.88 | 06/15/2027 | 82,000 | 83,769.00 | 0.02 |
| 644535AJ5 | NEW Gold Inc | NGDCN | 6.88 | 04/01/2032 | 95,000 | 97,495.00 | 0.02 |
| 39807UAD8 | Greystar Real Estate Partners Llc | GRSTAR | 7.75 | 09/01/2030 | 75,000 | 79,396.00 | 0.02 |
| 156431AS7 | Century Aluminum Co | CENX | 6.88 | 08/01/2032 | 90,000 | 90,895.00 | 0.02 |
| 12008RAN7 | Builders Firstsource Inc | BLDR | 5.00 | 03/01/2030 | 105,000 | 102,875.00 | 0.02 |
| 126307BD8 | CSC Holdings Llc | CSCHLD | 4.63 | 12/01/2030 | 200,000 | 93,522.00 | 0.02 |
| 185899AP6 | Cleveland-cliffs Inc | CLF | 7.00 | 03/15/2032 | 110,000 | 107,284.00 | 0.02 |
| 00489LAL7 | Acrisure Llc / Acrisure Finance Inc | ACRISU | 7.50 | 11/06/2030 | 105,000 | 108,463.00 | 0.02 |
| 00253XAB7 | American Airlines Inc/aadvantage Loyalty | AAL | 5.75 | 04/20/2029 | 100,000 | 99,536.00 | 0.02 |
| 097751BT7 | Bombardier Inc | BBDBCN | 7.88 | 04/15/2027 | 71,000 | 71,177.00 | 0.02 |
| 07317QAJ4 | Baytex Energy Corp | BTECN | 8.50 | 04/30/2030 | 95,000 | 96,324.00 | 0.02 |
| 071734AJ6 | Bausch Health Cos Inc | BHCCN | 5.25 | 01/30/2030 | 50,000 | 32,000.00 | 0.01 |
| 071734AL1 | Bausch Health Cos Inc | BHCCN | 5.25 | 02/15/2031 | 50,000 | 30,250.00 | 0.01 |
| 071734AD9 | Bausch Health Cos Inc | BHCCN | 7.00 | 01/15/2028 | 50,000 | 43,687.00 | 0.01 |
| 18060TAD7 | Clarios Global Lp / Clarios Us Finance C | POWSOL | 6.75 | 02/15/2030 | 50,000 | 51,364.00 | 0.01 |
| 18972EAC9 | Clydesdale Acquisition Holdings Inc | NOVHOL | 6.88 | 01/15/2030 | 50,000 | 51,139.00 | 0.01 |
| 131347CQ7 | Calpine Corp | CPN | 5.00 | 02/01/2031 | 25,000 | 24,740.00 | 0.01 |
| 25470XBB0 | DISH Dbs Corp | DISH | 7.38 | 07/01/2028 | 75,000 | 57,551.00 | 0.01 |
| 629377CS9 | NRG Energy Inc | NRG | 3.88 | 02/15/2032 | 25,000 | 22,833.00 | 0.01 |
| 5AKFP8L9G0 | Gbp/usd Fwd 20250902 5 | GBP | — | 09/02/2025 | -1,446,308 | 34,083.00 | 0.01 |
| USU5 COMDT | US Long Bond(cbt) Sep25 | USU5 | — | 09/19/2025 | 1,141,875 | 23,133.00 | 0.01 |
| V15H8O0KMR | Gbp/usd Fwd 20250804 00187 | GBP | — | 08/04/2025 | -1,446,308 | 56,657.00 | 0.01 |
| WNU5 COMDT | US Ultra Bond Cbt Sep25 | WNU5 | — | 09/19/2025 | 1,055,813 | 30,067.00 | 0.01 |
| NDC78BVD6A | Eur/usd Fwd 20250804 00187 | EUR | — | 08/04/2025 | -1,280,563 | 27,565.00 | 0.01 |
| O0EF5E2MKB | Eur/usd Fwd 20250902 57918 | EUR | — | 09/02/2025 | -1,280,563 | 39,654.00 | 0.01 |
| BL5072683 | Foundation Building M | FBM | 9.55 | 01/29/2031 | 55,000 | 53,831.00 | 0.01 |
| B8AC2XW54 | Heritage Pwr Llc | — | — | — | 44,338 | 22,169.00 | 0.01 |
| B8ACA1AA8 | Digicel Intl Fin Ltd | — | — | — | 3,350 | 39,789.00 | 0.01 |
| BL4579993 | Digicel Intl Finance Ltd | DLLTD | 11.78 | 05/25/2027 | 62,331 | 62,019.00 | 0.01 |
| BL4985638 | Cablevision Lightpath | CVLGHT | 7.31 | 11/30/2027 | 24,682 | 24,697.00 | 0.01 |
| 81721MAM1 | Diversified Healthcare Trust | DHC | 4.75 | 02/15/2028 | 25,000 | 23,170.00 | 0.01 |
| 85571BBC8 | Starwood Property Trust Inc | STWD | 6.00 | 04/15/2030 | 50,000 | 50,505.00 | 0.01 |
| 829259BH2 | Sinclair Television Group Inc | SBGI | 8.13 | 02/15/2033 | 50,000 | 51,134.00 | 0.01 |
| 70932MAD9 | Pennymac Financial Services Inc | PFSI | 7.88 | 12/15/2029 | 50,000 | 52,760.00 | 0.01 |
| 853191AC8 | Standard Building Solutions Inc | BMCAUS | 6.25 | 08/01/2033 | 15,000 | 15,142.00 | 0.00 |
| B8AD73HC5 | Xplornet - Contingent Value Rights | — | — | — | 4,527 | 0 | 0.00 |
| B8AE1JR66 | Mitel Networks Intl Lt | — | — | — | 257 | 2 | 0.00 |
| 25381HAD0 | Digicel Group Holdings Ltd | DLLTD | — | 12/31/2030 | 24,907 | 2 | 0.00 |
| 25381HAM0 | Digicel Group Holdings Ltd | DLLTD | — | 12/31/2030 | 34,470 | 0 | 0.00 |
| 071734AH0 | Bausch Health Cos Inc | BHCCN | 5.00 | 01/30/2028 | 25,000 | 20,875.00 | 0.00 |
| 071734AM9 | Bausch Health Cos Inc | BHCCN | 5.00 | 02/15/2029 | 25,000 | 17,275.00 | 0.00 |
| 071734AK3 | Bausch Health Cos Inc | BHCCN | 6.25 | 02/15/2029 | 25,000 | 17,691.00 | 0.00 |
| 00191AAD8 | ARD Finance Sa | ARDFIN | 6.50 | 06/30/2027 | 214,763 | 15,838.00 | 0.00 |
| EDSCMBHTLO | Eur/usd Fwd 20250804 57918 | EUR | — | 08/04/2025 | 1,280,563 | -39,568.00 | -0.01 |
| PIQESL6KPR | Gbp/usd Fwd 20250804 5 | GBP | — | 08/04/2025 | 1,446,308 | -34,077.00 | -0.01 |
| SWB8ADHGQL | Trswap: Iboxig Index 12/20/2025 Mslsw_r | — | — | 12/20/2025 | -3,448 | -45,608.00 | -0.01 |
| SWB8ADPKW6 | Trswap: Iboxig Index 09/22/2025 Bnpsw_r | — | — | 09/22/2025 | -2,716 | -22,401.00 | -0.01 |
| SWB8ADHGPT | Trswap: Iboxig Index 09/20/2025 Mslsw_r | — | — | 09/20/2025 | -5,480 | -70,846.00 | -0.02 |
| TUU5 COMDT | US 2yr Note (cbt) Sep25 | TUU5 | — | 09/30/2025 | 40,982,906 | -97,413.00 | -0.02 |
| SWB8ADYKA9 | Trswap: Iboxig Index 12/22/2025 Mslsw_r | — | — | 12/22/2025 | -8,108 | -74,261.00 | -0.02 |
| TYU5 COMDT | US 10yr Note (cbt)sep25 | TYU5 | — | 09/19/2025 | -17,992,125 | -142,019.00 | -0.03 |
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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.
Robert Cignarella, Robert Spano, Brian Clapp, Michael Gormally, and Brian Lalli of PGIM Fixed Income are primarily responsible for management of the PGIM Short Duration High Yield Income Fund.
Robert Cignarella, CFA
Managing Director and Head of U.S. High Yield for PGIM Fixed Income
Robert Cignarella, CFA, is a Managing Director and Head of U.S. High Yield for PGIM Fixed Income.
Robert Spano, CFA
Principal and Portfolio Manager for PGIM Fixed Income's U.S. High Yield Bond Team
Robert Spano, CFA, CPA, is a Principal and a high yield portfolio manager for PGIM Fixed Income's U.S. High Yield Bond Team.
Brian Clapp
Principal and a high yield portfolio manager for PGIM Fixed Income's U.S. High Yield Team
Brian Clapp, CFA, is a Principal and a high yield portfolio manager for PGIM Fixed Income's U.S. High Yield Team.
Michael Gormally
Vice President, Portfolio Manager, and a Trader for PGIM Fixed Income's U.S. High Yield Bond Team
|PGIM Fixed Income
Michael Gormally is a Vice President, portfolio manager, and trader for PGIM Fixed Income's U.S. High Yield Bond Team
Brian Lalli
Principal and portfolio manager for PGIM Fixed Income's U.S. High Yield Bond Team
|PGIM Fixed Income
Brian Lalli is a Principal and portfolio manager for PGIM Fixed Income's U.S. High Yield Bond Team.
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.
Market Price is the closing price of a closed-end fund as of the latest trading day on the New York Stock Exchange. NAV (Net Asset Value) is total assets less total liabilities divided by the number of shares outstanding. Premium/Discount is the percent difference between the Market price and the NAV. There is no guarantee you will receive the stated Premium/Discount and additional fees may result from individual broker fees and transaction costs in the secondary market. Distribution Rate is calculated by annualizing the amount of the most recent distribution paid, excluding special distributions, divided by the previous trading days closing market price or NAV. As of 6/30/2025, the Fund estimates that the most recent distribution will be paid from: 69% investment income; 0% net realized currency gains; 0% net realized capital gains; and 31% return of capital. The Distribution Rate is subject to change and is not a quotation of Fund performance. For more information about a distributions composition, refer to the distribution press release or section 19 notices located above. Please consult your tax advisor for further information. Investable Assets are the net assets attributable to the outstanding common stock of the Fund plus the liquidation preference of any outstanding preferred stock issued by the Fund, the principal amount of any borrowings, and the principal on any debt securities issued by the Fund. Average Maturity is the average number of years to maturity of the Funds bonds. Leverage Adjusted Duration measures investment risk that takes into account both a bonds interest payments and its value to maturity. Credit Quality is calculated using the highest rating assigned by a nationally recognized statistical rating organization (NRSRO) such as Moodys, S&P, or Fitch. The not rated category consists of securities that have not been rated by an NRSRO. Due to data availability, statistics may not be as of the current reporting period. Expenses based on the most recent publicity available reports. See the Fund's Annual Report for full information on expenses. All data is unaudited and subject to change.
Source: PGIM, Inc. (PGIM). PGIM is a Prudential Financial company.
An investment in a closed-end fund’s common stock may be speculative in that it involves a high degree of risk, should not constitute a complete investment program, and may result in loss of principal. Each closed-end fund will have its own unique investment strategy, risks, charges and expenses that need to be considered before investing.
Shares of each closed end fund are bought and sold through non-affiliated broker-dealers and trade on nationally recognized stock exchanges.
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, 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. © 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, are not a deposit of or guaranteed by any bank or any bank affiliate, and may lose value.
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.
4342329 Ed. 03/2025
Fund Literature
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