PGIM Floating Rate Income Fund (FRFZX)
$
)
Barron’s Best Fund Families: Ranked #4 for best fund family over the 1-year period ended 12/31/2024, among 48 qualifying fund families based on asset- weighted returns.
MorningStar Rankings
Source: Morningstar. All rights reserved. Used with permission. Class Z shares inception: 3/30/2011. Morningstar rankings are based on total return, do not include the effects of sales charges, and are calculated against all funds in the Morningstar US Fund Nontraditional Bond category.
Past performance does not guarantee future results.
Seeks to maximize current income by investing primarily in senior floating rate loans. The Fund may be appropriate for investors seeking to enhance diversification away from traditional fixed income asset class.
Growth of $10,000
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 chart represents historical performance and does not assume the effects of sales charges or varying fees and expenses of other share classes. If shown with sales charges or these other fees and expenses, performance could have been lower. It is not possible to invest directly in an index. Click here to view benchmark index definitions.
FUND INFORMATION
Fund Statistics
|
Name
|
Weight
|
|---|---|
| Average Maturity (years) | 10.80 |
| Standard Deviation (3 year) | 3.51 |
Source: Morningstar. Morningstar Ratings may be calculated based on share class adjusted historical returns. If so, the fund’s independent Morningstar Rating metric uses the fund’s oldest class to determine its hypothetical rating for certain periods. Morningstar Ratings are calculated for managed products with a 3-year minimum history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. Rating is calculated based on a Morningstar Risk-Adjusted Return measure accounting for variation in a managed product's monthly excess performance that emphasizes downward variations more and rewards consistent performance, with no sales load adjustment. In each category, the top 10% receive 5 stars, with 4 stars for the next 22.5%, 3 stars for the next 35%, 2 stars for the next 22.5%, and 1 star for the bottom 10%. Overall Morningstar Rating is derived from a weighted average of the performance associated with its 3-, 5-, and 10-year (if applicable) Morningstar Rating metrics: for 36-59 months of total returns, 100% 3-year rating, for 60-119 months of total returns, 60% 5-year rating/40% 3-year rating, and for 120 or more months of total returns, 50% 10-year rating/30% 5-year rating/20% 3-year rating.
Morningstar rankings for 1-, 3-, 5-, and 10-years are Class A: 36/221, 30/215, 30/204, and 17/174; Class C: 108/221, 122/215, 101/204, and 106/174; Class R6: 16/221, 14/215, 12/204, and 2/174; Class Z: 19/221, 15/215, 14/204, and 4/174.
PGIM Floating Rate Income Fund (Class Z) Lipper total return ranking for the 1-, 3-, 5-, and 10-year periods as of 12/31/2024 for the Loan Participation Funds category were: 20/235, 57/214, 3/204, and 3/162, respectively. Lipper Funds category rankings are based on total return, do not take sales charges into account, and are calculated against all funds in each fund’s respective Lipper category.
Class Z Lipper total return ranking for the 1-, 3-, 5-, and 10-year periods as of 6/30/2025: 29/238, 15/220, 8/206, and 4/171, respectively. Past Performance is no guarantee of future results.
Risks of investing in the fund include but are not limited to the following: Fixed Income investments are subject to credit, market, prepayment and interest rate risks, and their value will decline as interest rates rise. High yield ("junk") bonds are subject to greater credit and market risks. Floating rate and other loans are subject to the risk that failure to receive scheduled interest or principal payments on a loan would adversely affect the income of the Fund and would likely reduce the value of its assets. The Fund’s investments in loans may subject it to additional illiquidity risks. Leveraging techniques may magnify loses. Foreign securities are subject to currency fluctuations and political uncertainty. Derivatives may carry market, credit and liquidity risks. There is no guarantee the Fund's objective will be achieved. Risks are more fully explained in the fund's prospectus.
- 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 Floating Rate Income Fund.
See Performance of other PGIM Investments Mutual Funds.
See Calendar Year Performance for the PGIM Floating Rate Income Fund.
See Daily Returns for the PGIM Floating Rate Income Fund.
See Quarterly SEC Standardized Performance of other PGIM Investments Mutual Funds.
See Calendar Year Performance for the PGIM Floating Rate Income Fund.
|
Fund Expenses
|
Maximum Sales Charge (%)
|
|||
|---|---|---|---|---|
|
Class
|
Gross (%)
|
Net (%)
|
Date*
|
|
| A | 1.20 | 1.10 | 06/30/2026 | 2.25 |
| C | 1.96 | 1.85 | 06/30/2026 | 1.00 |
| R6 | 0.85 | 0.80 | 06/30/2026 | — |
| Z | 0.97 | 0.85 | 06/30/2026 | — |
The Adjusted Expense Ratio excludes expenses from certain investments such as interest expense from borrowings and repurchase agreements. The Fund’s Adjusted Expense Ratio by share class: A 0.95%, C 1.70%, Z 0.70%, R6 0.65%.
*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 Bank Loan Category Average: Bank-loan portfolios primarily invest in floating-rate bank loans and floating-rate below investment- grade securities instead of bonds. In exchange for their credit risk, these loans offer high interest payments that typically float above a common short-term benchmarks such as Libor or SOFR.
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 | 9.07 |
0.01
|
0.11 | 9.28 | 221,598,998.10 |
| C | 9.07 |
0.00
|
0.00 | — | 46,502,012.23 |
| R6 | 9.08 |
0.01
|
0.11 | — | 222,914,428.43 |
| Z | 9.08 |
0.01
|
0.11 | — | 1,892,810,313.50 |
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 | 9.16 | 01/31/2025 | 8.77 | 04/07/2025 |
| C | 9.16 | 01/31/2025 | 8.78 | 04/11/2025 |
| R6 | 9.17 | 01/31/2025 | 8.78 | 04/07/2025 |
| Z | 9.17 | 01/31/2025 | 8.78 | 04/07/2025 |
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.
Yields
| Class | SEC 30-Day Subsidized Yield (%) | SEC 30-Day Unsubsidized Yield (%) | Offer Distb. Yield (%) | NAV Distb. Yield (%) | SEC-30 Day Sub Taxable Equivalent Yield (%) |
|---|---|---|---|---|---|
| A - View Prospectus | 6.35 | 6.25 | 6.69 | 6.84 | — |
| C - View Prospectus | 5.74 | 5.61 | — | 6.09 | — |
| R6 - View Prospectus | 6.80 | 6.74 | — | 7.14 | — |
| Z - View Prospectus | 6.75 | 6.63 | — | 7.09 | — |
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
Sector Breakdown (% of Assets)
|
Sector Breakdown
|
% of Assets
|
|---|---|
| Bank Loans | 65.8% |
| ABS | 16.9% |
| Investment Grade Corporates | 10.8% |
| High Yield Corporates | 5.0% |
| Non Agency MBS | 0.8% |
| U.S. Treasuries | 0.7% |
| Commercial MBS | 0.5% |
| Emerging Markets Hard Currency | 0.4% |
| Other | 0.1% |
| Cash/Equiv | -1.0% |
Largest Industries (% of Assets)
|
Industry
|
Fund (% of Assets)
|
|---|---|
| Banking | 10.3% |
| Technology | 8.6% |
| Consumer Non-Cyclical | 7.6% |
| Health Care & Pharmaceutical | 5.5% |
| Gaming & Lodging & Leisure | 4.2% |
| Chemicals | 4.0% |
| Transportation & Environmental Services | 3.7% |
| Capital Goods | 3.4% |
| Building Materials & Home Construction | 3.0% |
| Retailers & Restaurants | 2.9% |
Credit Quality (% of Assets)
|
Credit Quality
|
% of Assets
|
|---|---|
| AAA | 1.8% |
| AA | 15.7% |
| A | 1.8% |
| BBB | 12.5% |
| BB | 21.4% |
| B | 40.3% |
| CCC | 2.3% |
| Not Rated | 5.2% |
| Cash/Equiv | -1.0% |
FUND STATISTICS
|
Fund Statistics
|
Years
|
|---|---|
| Average Maturity (years) | 10.8 |
| Standard Deviation (3 year) | 3.51 |
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.
Fund Holdings
Holdings are unaudited, may vary and are subject to change. Please refer to the Fund's annual report for audited holdings information. This is not a recommendation to buy or sell any security listed.
Value ($): Cash securities are calculated using market value and derivative securities are calculated using notional value.
Source: Bank of New York Mellon. Holdings are provided to Prudential Financial by the custodian bank and Prudential Financial is not responsible for any errors or omissions related to the holdings data.
© 2025, American Bankers Association. CUSIP Database provided by FactSet Research Systems Inc. All rights reserved.
Consider a fund's investment objectives, risks, charges and expenses carefully before investing. The prospectus and summary prospectus contain this and other information about the fund. For more information about a fund, click on the prospectus or summary prospectus link above. Read them carefully before investing.
Investment products are distributed by Prudential Investment Management Services LLC, 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 | 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
|
|---|---|---|---|---|---|---|---|
| BL5098621 | Brookfield Ppty Ret Hld | BPYU | 7.83 | 05/28/2030 | 31,618,557.00 | 31,687,738.00 | 1.29 |
| 0641598X7 | BANK Of Nova Scotia/the | BNS | 7.35 | 04/27/2085 | 31,000,000.00 | 31,566,115.00 | 1.28 |
| 172967MV0 | Citigroup Inc | C | 3.88 | 05/18/2174 | 26,500,000.00 | 26,177,726.00 | 1.06 |
| 89116CKP1 | Toronto-dominion Bank/the | TD | 7.25 | 07/31/2084 | 24,005,000.00 | 24,904,272.00 | 1.01 |
| 48128BAH4 | Jpmorgan Chase & Co | JPM | 7.04 | 10/01/2173 | 23,015,000.00 | 23,144,519.00 | 0.94 |
| 750104AQ4 | RAD Clo 19 Ltd | RAD | 6.28 | 03/20/2038 | 20,000,000.00 | 20,119,576.00 | 0.82 |
| 38141GYU2 | Goldman Sachs Group Inc/the | GS | 4.13 | 05/10/2074 | 20,058,000.00 | 19,644,701.00 | 0.80 |
| 38179QAC1 | Golub Capital Partners Clo 68b Ltd | GCBSL | 7.12 | 07/25/2036 | 18,600,000.00 | 18,600,000.00 | 0.76 |
| 38181PAE5 | Golub Capital Partners Clo 68b Ltd | GCBSL | — | 07/25/2038 | 18,600,000.00 | 18,600,000.00 | 0.76 |
| 14318QAE0 | Carlyle Us Clo 2023-5 Ltd | CGMS | 6.96 | 01/27/2036 | 18,250,000.00 | 18,353,238.00 | 0.75 |
| BL4417558 | CLUE Opco Llc | FWRD | 8.78 | 12/19/2030 | 18,103,867.00 | 18,094,162.00 | 0.74 |
| 83012DAU7 | Sixth Street Clo Xvi Ltd | SIXST | 6.78 | 01/20/2037 | 17,200,000.00 | 17,261,687.00 | 0.70 |
| 05682CAC1 | BAIN Capital Credit Clo 2023-3 Ltd | BCC | 7.02 | 07/24/2036 | 16,525,000.00 | 16,525,000.00 | 0.67 |
| 38141GC28 | Goldman Sachs Group Inc/the | GS | 6.85 | 08/10/2173 | 15,435,000.00 | 15,821,848.00 | 0.64 |
| 17327CAV5 | Citigroup Inc | C | 6.95 | 05/15/2174 | 15,435,000.00 | 15,605,527.00 | 0.63 |
| 74440W862 | (pipa070) Pgim Core Government Money Mar | — | 4.41 | 12/01/2099 | 15,377,380.00 | 15,377,380.00 | 0.63 |
| BL3425255 | Gainwell Acquisition Corp | MILACQ | 8.4 | 10/01/2027 | 15,615,380.00 | 15,342,110.00 | 0.62 |
| BL4795565 | Hudson River Trading Llc | HURVTR | 7.31 | 03/18/2030 | 15,168,292.00 | 15,206,213.00 | 0.62 |
| 197363AY0 | Columbia Cent Clo 29 Ltd | CECLO | 6.29 | 10/20/2034 | 15,000,000.00 | 14,997,193.00 | 0.61 |
| 04942PAL1 | Atlas Static Senior Loan Fund I Ltd | ATSTC | 6.97 | 07/15/2030 | 14,250,000.00 | 14,273,881.00 | 0.58 |
| 420916AG3 | Hayfin Us Xv Ltd | HAYFN | 6.51 | 04/28/2037 | 13,500,000.00 | 13,595,943.00 | 0.55 |
| 758971AC9 | Regatta Xxix Funding Ltd | REG29 | 6.07 | 09/06/2037 | 13,500,000.00 | 13,557,226.00 | 0.55 |
| BL4766582 | Action Environmental Gro | ACTENV | 8.05 | 10/24/2030 | 13,648,565.00 | 13,614,443.00 | 0.55 |
| BL5017431 | TK Elevator Us Newco Inc | THYELE | 7.24 | 04/30/2030 | 13,313,748.00 | 13,380,317.00 | 0.54 |
| B8AE266B5 | Envision Healthcare Operating Inc | — | — | 12/31/2030 | 12,771,186.00 | 12,843,088.00 | 0.52 |
| BL3679885 | Upstream Newco Inc | UPSREH | 8.79 | 11/20/2026 | 16,554,419.00 | 12,788,288.00 | 0.52 |
| 48255PAC9 | KKR Clo 41 Ltd | KKR | 6.22 | 04/15/2035 | 12,500,000.00 | 12,524,407.00 | 0.51 |
| 12659UAN2 | CQS Us Clo 2021-1 Ltd | CQS | 6.08 | 01/20/2035 | 12,400,000.00 | 12,394,370.00 | 0.50 |
| 06055HAK9 | BANK Of America Corp | BAC | 6.25 | 10/26/2173 | 12,355,000.00 | 12,337,484.00 | 0.50 |
| 88676LAY7 | Tikehau Us Clo Ii Ltd | TKO | 6.13 | 01/20/2038 | 12,150,000.00 | 12,192,724.00 | 0.50 |
| BL5083276 | Voyager Parent Llc | EVRI | 9.04 | 07/01/2032 | 12,375,000.00 | 12,371,139.00 | 0.50 |
| BL4949832 | Clarios Global Lp | POWSOL | 7.08 | 01/28/2032 | 12,400,000.00 | 12,405,170.00 | 0.50 |
| BL4964625 | Boost Newco Borrower Llc | WRLDPY | 6.3 | 01/31/2031 | 12,205,360.00 | 12,209,937.00 | 0.50 |
| BL4871903 | Acrisure Llc | ACRISU | 7.33 | 11/06/2030 | 12,368,359.00 | 12,345,168.00 | 0.50 |
| BL4874717 | Calpine Corp | CPN | 6.08 | 01/31/2031 | 12,345,010.00 | 12,339,615.00 | 0.50 |
| BL4985588 | Athenahealth Group Inc | ATHENA | 7.08 | 02/15/2029 | 11,972,093.00 | 11,948,579.00 | 0.49 |
| 88676NAU1 | Tikehau Us Clo Iii Ltd | TKO | 7.08 | 01/20/2036 | 12,000,000.00 | 12,069,585.00 | 0.49 |
| 780082AT0 | Royal Bank Of Canada | RY | 6.35 | 11/24/2084 | 12,750,000.00 | 12,080,625.00 | 0.49 |
| BL4630911 | NEON Maple Us Debt Merge | NVEICN | 7.33 | 11/17/2031 | 12,044,812.00 | 12,044,812.00 | 0.49 |
| B8AC2XVL0 | Heritage Pwr Llc | — | — | — | 182,367.00 | 11,891,878.00 | 0.48 |
| 13887TAW7 | Canyon Capital Clo 2019-1 Ltd | CANYC | 6.12 | 07/15/2037 | 11,500,000.00 | 11,553,210.00 | 0.47 |
| 55822EAN9 | Madison Park Funding Lix Ltd | MDPK | 6.25 | 04/18/2037 | 11,000,000.00 | 11,053,003.00 | 0.45 |
| SWZ96ZAV0E | ICE: (cdx.na.ig.44.v1) | — | 1.0 | 06/20/2030 | 487,025,000.00 | 11,114,369.00 | 0.45 |
| 67629HAG7 | OFSI Bsl Xii Ltd | OFSBS | 6.13 | 01/20/2035 | 10,550,000.00 | 10,565,886.00 | 0.43 |
| BL3984111 | Asurion Llc | ASUCOR | 8.43 | 08/19/2028 | 10,749,025.00 | 10,654,970.00 | 0.43 |
| BL4653624 | CPI Holdco B Llc | CPIHLB | 6.33 | 05/17/2031 | 10,547,375.00 | 10,534,190.00 | 0.43 |
| BL3643378 | TGP Holdings Iii Llc | TGPHLD | 7.68 | 06/29/2028 | 11,563,189.00 | 10,583,926.00 | 0.43 |
| 172967PR6 | Citigroup Inc | C | 6.75 | 02/15/2173 | 10,295,000.00 | 10,339,115.00 | 0.42 |
| BL4985935 | Focus Financial Partners Llc | FOCS | 7.08 | 09/15/2031 | 10,292,190.00 | 10,292,190.00 | 0.42 |
| BL5059326 | Verifone Systems Inc | PAY | 10.21 | 08/18/2028 | 10,535,888.00 | 10,175,907.00 | 0.41 |
| 172967PK1 | Citigroup Inc | C | 7.13 | 11/15/2173 | 9,870,000.00 | 10,100,889.00 | 0.41 |
| 04943PAE6 | Atlas Senior Loan Fund Xxiv Ltd | ATCLO | 6.23 | 01/20/2038 | 10,000,000.00 | 10,014,458.00 | 0.41 |
| 03330NAW4 | Anchorage Capital Clo 11 Ltd | ANCHC | 6.28 | 07/22/2037 | 10,000,000.00 | 10,026,754.00 | 0.41 |
| 36362MAE7 | Gallatin Clo X 2023-1 Ltd | GALL | 7.37 | 10/14/2035 | 10,000,000.00 | 10,047,496.00 | 0.41 |
| BL3572783 | First Brands Group Llc | TRICGR | 13.04 | 03/30/2028 | 10,730,000.00 | 10,032,550.00 | 0.41 |
| BL4045797 | Tenneco Inc | TENINC | 9.42 | 11/17/2028 | 10,113,475.00 | 9,978,025.00 | 0.41 |
| BL4047090 | Tenneco Inc | TENINC | 9.17 | 11/17/2028 | 9,911,800.00 | 9,756,928.00 | 0.40 |
| BL4263655 | MH Sub I Llc | INET | 8.58 | 05/03/2028 | 10,474,657.00 | 9,956,161.00 | 0.40 |
| BL4842664 | Phoenix Guarantor Inc | BRIHEA | 6.83 | 02/21/2031 | 9,834,519.00 | 9,834,519.00 | 0.40 |
| BL5118916 | Bingo Holdings I Llc | AGS | 4.75 | 06/14/2032 | 9,900,000.00 | 9,908,246.00 | 0.40 |
| 38144GAB7 | Goldman Sachs Group Inc/the | GS | 7.56 | 08/10/2172 | 9,444,000.00 | 9,496,227.00 | 0.39 |
| 12550ABH8 | CIFC Funding 2014-v Ltd | CIFC | 6.07 | 07/17/2037 | 9,650,000.00 | 9,689,840.00 | 0.39 |
| 36362HAE8 | Gallatin Clo Xi 2024-1 Ltd | GALL | 6.28 | 10/20/2037 | 9,275,000.00 | 9,305,841.00 | 0.38 |
| 62432BAQ6 | Mountain View Clo Ix Ltd | MVW | 6.36 | 07/15/2031 | 9,250,000.00 | 9,278,699.00 | 0.38 |
| 780082AR4 | Royal Bank Of Canada | RY | 7.5 | 05/02/2084 | 9,000,000.00 | 9,337,500.00 | 0.38 |
| B8ADAMRM6 | International Park Hldgs Bv | — | 7.54 | 12/31/2031 | 8,325,000.00 | 9,416,990.00 | 0.38 |
| BL4765923 | Belron Finance 2019 Llc | BELRON | 7.05 | 10/16/2031 | 9,438,600.00 | 9,459,251.00 | 0.38 |
| BL4808012 | TPC Group Inc | TPCG | 9.95 | 11/21/2031 | 9,827,130.00 | 9,434,044.00 | 0.38 |
| BL4990463 | GFL Es Us Llc | GFLCN | 6.82 | 03/03/2032 | 9,450,000.00 | 9,450,000.00 | 0.38 |
| BL4979052 | Great Outdoors Group Llc | BASSPR | 7.58 | 01/23/2032 | 8,994,280.00 | 8,989,783.00 | 0.37 |
| BL4843290 | Sandisk Corp | SNDK | 7.32 | 02/23/2032 | 9,238,750.00 | 9,204,104.00 | 0.37 |
| BL4871549 | Solenis Holdings Ltd | SOLEIN | 7.3 | 06/20/2031 | 9,201,104.00 | 9,164,953.00 | 0.37 |
| 82670QAS8 | Signal Peak Clo 9 Ltd | SPEAK | 6.08 | 01/21/2038 | 9,185,000.00 | 9,178,349.00 | 0.37 |
| 912810UF3 | United States Treasury Note/bond | T | 4.63 | 11/15/2044 | 9,405,000.00 | 9,100,807.00 | 0.37 |
| BL4070472 | CSC Holdings Llc | CSCHLD | 8.81 | 01/18/2028 | 8,972,935.00 | 8,947,703.00 | 0.36 |
| BL4874147 | Grant Thornton Advisors | GRATHO | 7.08 | 06/02/2031 | 8,773,324.00 | 8,776,982.00 | 0.36 |
| BL5007242 | Windsor Holdings Iii Llc | UNVR | 7.07 | 08/01/2030 | 8,823,113.00 | 8,795,540.00 | 0.36 |
| BL5173515 | Amneal Pharmaceuticals Llc | AMNPHA | 4.0 | 07/23/2032 | 8,775,000.00 | 8,764,031.00 | 0.36 |
| CURRENCY | Currency | — | — | — | 8,907,485.00 | 8,909,221.00 | 0.36 |
| 92332YAF8 | Venture Global Lng Inc | VENLNG | 9.0 | 03/30/2173 | 8,680,000.00 | 8,678,784.00 | 0.35 |
| 92918FAG9 | VOYA Clo 2019-3 Ltd | VOYA | 6.23 | 10/17/2032 | 8,650,000.00 | 8,679,447.00 | 0.35 |
| 902973BC9 | US Bancorp | USB | 3.7 | 01/15/2174 | 8,613,000.00 | 8,297,533.00 | 0.34 |
| 89641XAC9 | Trinitas Clo Xv Ltd | TRNTS | 6.29 | 04/22/2034 | 8,350,000.00 | 8,335,884.00 | 0.34 |
| BL4622694 | Lumen Technologies Inc | LUMN | 6.79 | 04/15/2030 | 8,458,917.00 | 8,400,761.00 | 0.34 |
| BL4673614 | Harbor Freight Tools | HARFRE | 6.58 | 06/11/2031 | 8,565,981.00 | 8,375,627.00 | 0.34 |
| BL3973320 | Patagonia Holdco Llc | PATAGO | 10.05 | 08/01/2029 | 9,953,439.00 | 8,248,912.00 | 0.34 |
| BL4803666 | Qualitytech Lp | QTS | 7.83 | 11/04/2031 | 8,379,000.00 | 8,399,947.00 | 0.34 |
| BL4883627 | Mcafee Corp | MCFE | 7.33 | 03/01/2029 | 8,385,630.00 | 8,039,722.00 | 0.33 |
| BL3595057 | Corelogic Inc | CLGX | 7.94 | 06/02/2028 | 8,241,303.00 | 8,205,247.00 | 0.33 |
| BL4698876 | Sedgwick Cms Inc | SEDGEW | 7.33 | 07/31/2031 | 8,065,328.00 | 8,072,046.00 | 0.33 |
| 69391NAA9 | PMT Credit Risk Transfer Trust 2024-2r | PMTCR | 7.7 | 03/29/2027 | 8,049,763.00 | 8,130,489.00 | 0.33 |
| 67576PBC0 | Octagon Investment Partners 42 Ltd | OCT42 | 6.12 | 07/15/2037 | 8,100,000.00 | 8,126,084.00 | 0.33 |
| 28621YAS4 | Elevation Clo 2020-11 Ltd | AWPT | 6.32 | 10/15/2037 | 8,125,000.00 | 8,121,767.00 | 0.33 |
| 69344A206 | PGIM Active High Yield Bond Etf | PHYL | — | — | 225,000.00 | 7,978,500.00 | 0.32 |
| BL5049814 | Madison Iaq Llc | MADIAQ | 7.51 | 05/06/2032 | 7,850,000.00 | 7,863,085.00 | 0.32 |
| BL5017167 | Aadvantage Loyalty Ip | AAL | 6.52 | 04/20/2028 | 7,915,871.00 | 7,891,837.00 | 0.32 |
| BL5018603 | Alltech Inc | ALLTEC | 8.69 | 08/13/2030 | 7,511,380.00 | 7,530,158.00 | 0.31 |
| BL5162617 | Crown Subsea Communicati | SUBCOM | 4.25 | 01/30/2031 | 7,596,218.00 | 7,629,451.00 | 0.31 |
| 67573CAW9 | Octagon Investment Partners 32 Ltd | OCT32 | 6.12 | 10/31/2037 | 7,600,000.00 | 7,622,637.00 | 0.31 |
| 652927AJ3 | NGC 2024-i Ltd | NGC | 6.43 | 07/20/2037 | 7,650,000.00 | 7,680,907.00 | 0.31 |
| BL4643443 | Entain Plc | ENTLN | 7.02 | 10/31/2029 | 7,665,692.00 | 7,668,428.00 | 0.31 |
| BL4645844 | Doncasters Finance Us Llc | DONCAS | 10.8 | 04/23/2030 | 7,475,375.00 | 7,550,128.00 | 0.31 |
| BL3838671 | Rainbow Uk Bidco Ltd | WELLAC | 8.7 | 02/23/2029 | 5,775,000.00 | 7,593,386.00 | 0.31 |
| B8AE7TEL9 | Savage Enterprises Llc | — | — | 08/31/2032 | 7,500,000.00 | 7,500,000.00 | 0.30 |
| BL4578474 | Emrld Borrower Lp | EMECLI | 6.83 | 05/31/2030 | 7,285,623.00 | 7,284,486.00 | 0.30 |
| 69392AAA6 | PMT Credit Risk Transfer Trust 2024-3r | PMTCR | 7.45 | 09/27/2028 | 7,290,891.00 | 7,360,014.00 | 0.30 |
| 92840MAC6 | Vistra Corp | VST | 7.0 | 06/15/2174 | 7,375,000.00 | 7,443,853.00 | 0.30 |
| BL5003753 | MX Holdings Us Inc | MINVIK | 6.58 | 03/17/2032 | 7,375,000.00 | 7,402,656.00 | 0.30 |
| BL4845451 | TEI Holdings Inc | CRIPRE | 8.3 | 04/09/2031 | 7,340,375.00 | 7,294,497.00 | 0.30 |
| BL4908549 | Clydesdale Acquisition | NOVHOL | 7.58 | 04/01/2032 | 7,223,711.00 | 7,217,188.00 | 0.29 |
| BL4811750 | Grinding Media Inc | GRIMED | 7.83 | 10/12/2028 | 7,263,434.00 | 7,172,641.00 | 0.29 |
| BL4993855 | MPH Acquisition Holdings | MLTPLN | 8.03 | 12/31/2030 | 7,120,731.00 | 7,085,126.00 | 0.29 |
| BL4950392 | INDY Us Holdco Llc | INDYUS | 7.83 | 03/06/2028 | 7,076,922.00 | 7,081,344.00 | 0.29 |
| BL5162419 | Broadstreet Partners Inc | BROPAR | 2.75 | 06/13/2031 | 7,156,216.00 | 7,162,928.00 | 0.29 |
| BL5144268 | Fortress Intermediate | PSDO | 7.32 | 06/27/2031 | 7,146,000.00 | 7,154,932.00 | 0.29 |
| BL3910884 | Lightstone Holdco Llc | LGHTGN | 10.03 | 01/29/2027 | 7,064,198.00 | 7,053,164.00 | 0.29 |
| BL3674951 | Asurion Llc | ASUCOR | 9.69 | 01/20/2029 | 7,659,924.00 | 7,182,772.00 | 0.29 |
| BL3618537 | Allied Universal Holdco | UNSEAM | 8.18 | 05/12/2028 | 6,956,062.00 | 6,967,803.00 | 0.28 |
| BL3095082 | Plaze Inc | PLAZEI | 7.94 | 08/03/2026 | 7,133,721.00 | 6,794,869.00 | 0.28 |
| BL4583235 | Summer Bc Holdco B Sarl | KANGRP | 9.56 | 02/15/2029 | 7,026,572.00 | 6,921,173.00 | 0.28 |
| BL4431708 | Jfl-tiger Acquisition Co | HCCI | 8.07 | 10/17/2030 | 6,865,610.00 | 6,865,609.00 | 0.28 |
| BL4560209 | Zelis Payments Buyer Inc | STRATO | 7.08 | 09/28/2029 | 7,009,716.00 | 6,981,242.00 | 0.28 |
| BL5159126 | Radiate Holdco Llc | RADIAT | 4.25 | 09/25/2029 | 8,024,211.00 | 6,937,596.00 | 0.28 |
| BL4922748 | Graftech Global Enterpri | EAF | 10.32 | 11/11/2029 | 6,840,553.00 | 6,977,364.00 | 0.28 |
| BL4978534 | Belfor Holdings Inc | BELFUS | 7.33 | 11/01/2030 | 6,867,185.00 | 6,867,185.00 | 0.28 |
| BL4978765 | Alliance Laundry Systems | ALH | 6.83 | 08/19/2031 | 6,750,000.00 | 6,747,590.00 | 0.27 |
| BL4985356 | Azuria Water Solutn Inc | AEGN | 7.33 | 05/17/2028 | 6,594,770.00 | 6,607,135.00 | 0.27 |
| BL4986859 | ECO Material Tech Inc | ECOMAT | 7.47 | 02/12/2032 | 6,533,000.00 | 6,549,332.00 | 0.27 |
| BL4998375 | Cppib Ovm Member Us Llc | CPPOVM | 7.05 | 08/20/2031 | 6,713,546.00 | 6,734,526.00 | 0.27 |
| BL4778223 | Nouryon Finance Bv | SPCHEM | 7.51 | 04/03/2028 | 6,644,472.00 | 6,640,318.00 | 0.27 |
| BL4587764 | Magnera Corp | MAGN | 8.58 | 11/04/2031 | 6,586,000.00 | 6,534,550.00 | 0.27 |
| BL4755601 | Lifepoint Health Inc | RGCARE | 8.01 | 05/16/2031 | 6,753,048.00 | 6,722,098.00 | 0.27 |
| BL3287994 | Allen Media Llc | ALNMED | 9.95 | 02/10/2027 | 11,565,465.00 | 6,635,685.00 | 0.27 |
| B8ADVZ4C1 | Denali Intermediate Hldg Inc | — | — | 05/31/2032 | 6,786,758.00 | 6,718,890.00 | 0.27 |
| 25525PAB3 | Diversified Healthcare Trust | DHC | 4.38 | 03/01/2031 | 7,519,000.00 | 6,279,199.00 | 0.26 |
| BL4810430 | Caesars Entertain Inc | CZR | 6.58 | 02/06/2030 | 6,490,909.00 | 6,486,852.00 | 0.26 |
| BL5024205 | Rockpoint Gas Storage Pa | ROCGAS | 7.3 | 09/18/2031 | 6,280,938.00 | 6,294,680.00 | 0.26 |
| BL5164126 | Froneri Us Inc | ICECR | 2.5 | 07/16/2032 | 6,375,000.00 | 6,352,088.00 | 0.26 |
| BL5125440 | Cinemark Usa Inc | CNK | 6.57 | 05/24/2030 | 6,253,915.00 | 6,273,458.00 | 0.26 |
| BL5101953 | Gategroup Us Finance Inc | GATESW | 4.25 | 05/28/2032 | 6,225,000.00 | 6,217,218.00 | 0.25 |
| BL4990398 | Arsenal Aic Parent Llc | ARNC | 7.08 | 08/18/2030 | 6,165,891.00 | 6,168,462.00 | 0.25 |
| BL4986826 | EAB Global Inc | EABGLO | 7.33 | 08/16/2030 | 6,252,964.00 | 6,198,250.00 | 0.25 |
| BL4978401 | Vetstrategy Canada Hold | INDVET | 8.05 | 12/12/2028 | 6,069,270.00 | 6,089,498.00 | 0.25 |
| BL4789857 | Trident Tpi Holdings Inc | TEKNI | 8.05 | 09/15/2028 | 6,377,357.00 | 6,237,054.00 | 0.25 |
| BL4769248 | Jefferies Finance Llc | JEFFIN | 7.32 | 10/21/2031 | 6,094,375.00 | 6,101,992.00 | 0.25 |
| BL4880474 | Starwood Property Mortga | STWD | 6.58 | 01/02/2030 | 6,032,266.00 | 6,032,266.00 | 0.25 |
| BL3840131 | Accelerated Health Syste | ACCHEA | 8.7 | 02/15/2029 | 8,715,707.00 | 6,100,994.00 | 0.25 |
| BL4752848 | Froneri Us Inc | ICECR | 6.24 | 09/17/2031 | 6,134,625.00 | 6,078,069.00 | 0.25 |
| BL4686202 | Chart Industries Inc | GTLS | 6.79 | 03/15/2030 | 6,086,310.00 | 6,096,455.00 | 0.25 |
| BL4686467 | Sound Inpatient Physicia | SOUINP | 9.56 | 06/28/2028 | 6,331,494.00 | 5,888,289.00 | 0.24 |
| BL4686483 | Sound Inpatient Physicia | SOUINP | 11.31 | 06/28/2029 | 7,250,132.00 | 5,945,108.00 | 0.24 |
| BL4678621 | Medline Borrower Lp | MEDIND | 6.58 | 10/23/2028 | 5,947,550.00 | 5,947,549.00 | 0.24 |
| BL3911858 | Blackstone Mortgage Tr | BXMT | 7.83 | 05/09/2029 | 5,806,246.00 | 5,806,246.00 | 0.24 |
| BL4843068 | Catawba Nation Gaming Au | CATNAT | 9.05 | 03/28/2032 | 5,815,000.00 | 5,818,634.00 | 0.24 |
| BL4780815 | Jupiter Buyer Inc | ARCHKE | 9.05 | 11/01/2031 | 5,793,171.00 | 5,822,136.00 | 0.24 |
| BL4760684 | Crosby Us Acquisition Corp | CROSBY | 7.83 | 08/16/2029 | 5,811,795.00 | 5,834,629.00 | 0.24 |
| BL5023744 | PEER Holding Iii Bv | ACTINA | 6.8 | 07/01/2031 | 5,945,125.00 | 5,957,508.00 | 0.24 |
| BL5133691 | Nourish Buyer I Inc | NOUBUY | 4.5 | 07/08/2032 | 6,000,000.00 | 5,850,000.00 | 0.24 |
| BL5133808 | Inmar Inc | INMARI | 5.0 | 10/30/2031 | 5,963,422.00 | 5,982,057.00 | 0.24 |
| BL5143047 | Crown Finance Us Inc | CINELN | 8.83 | 12/02/2031 | 5,950,000.00 | 5,927,687.00 | 0.24 |
| BL5168176 | Boots Group Finco Lp | BOOTFN | 3.5 | 07/22/2032 | 5,600,000.00 | 5,586,000.00 | 0.23 |
| BL5170917 | Fertitta Entertainment L | NUGGET | 3.75 | 01/27/2029 | 5,593,462.00 | 5,593,461.00 | 0.23 |
| BL5121795 | Colossus Acquireco Llc | COLPLN | 1.75 | 06/11/2032 | 5,600,000.00 | 5,568,500.00 | 0.23 |
| BL5042512 | Level 3 Financing Inc | LVLT | 8.58 | 03/29/2032 | 5,575,000.00 | 5,597,300.00 | 0.23 |
| BL4985299 | Boxer Parent Co Inc | BMC | 7.33 | 07/30/2031 | 5,543,053.00 | 5,540,453.00 | 0.23 |
| BL4843258 | Discovery Energy Holding | DISENE | 8.05 | 05/01/2031 | 5,513,099.00 | 5,537,219.00 | 0.23 |
| BL4938900 | Hunter Douglas Inc | HDCINC | 7.55 | 01/17/2032 | 5,596,875.00 | 5,587,545.00 | 0.23 |
| BL3763382 | Victory Buyer Llc | VNTELV | 8.19 | 11/19/2028 | 5,632,219.00 | 5,618,138.00 | 0.23 |
| BL3786607 | Secure Acquisition Inc | PARAGN | 8.05 | 12/15/2028 | 5,586,889.00 | 5,582,235.00 | 0.23 |
| BL3280718 | Markermeer Finance Bv | GUSFIN | 5.16 | 01/29/2027 | 5,000,000.00 | 5,681,544.00 | 0.23 |
| BL4665891 | RYAN Llc | RYNLLC | 7.83 | 11/14/2030 | 5,685,119.00 | 5,681,566.00 | 0.23 |
| BL4691277 | Kronos Acquisition Holdi | KIKCN | 8.3 | 07/08/2031 | 6,587,129.00 | 5,642,976.00 | 0.23 |
| BL4649028 | GEON Performance Solutio | GEPESO | 8.81 | 08/18/2028 | 6,189,701.00 | 5,601,679.00 | 0.23 |
| BL4208296 | Virgin Media Bristol Llc | VMED | 7.37 | 03/31/2031 | 5,895,000.00 | 5,766,046.00 | 0.23 |
| 17327CBC6 | Citigroup Inc | C | 6.88 | 11/15/2173 | 5,685,000.00 | 5,745,155.00 | 0.23 |
| 14318VAC3 | Carlyle Us Clo 2024-2 Ltd | CGMS | 6.37 | 04/25/2037 | 5,600,000.00 | 5,630,621.00 | 0.23 |
| 92840MAB8 | Vistra Corp | VST | 8.0 | 04/15/2174 | 5,225,000.00 | 5,330,896.00 | 0.22 |
| BL4610012 | Quikrete Holdings Inc | QUIKHO | 6.58 | 03/19/2029 | 5,342,947.00 | 5,338,939.00 | 0.22 |
| BL4493823 | Flint Group Packaging In | FLINT | 8.79 | 12/31/2026 | 5,696,290.00 | 5,345,016.00 | 0.22 |
| BL4673192 | Ineos Us Finance Llc | INEGRP | 7.58 | 02/18/2030 | 5,864,745.00 | 5,432,219.00 | 0.22 |
| BL2970889 | Natel Engineering Co Inc | NATENG | 10.69 | 04/30/2026 | 6,266,849.00 | 5,452,158.00 | 0.22 |
| BL3707702 | RED Planet Borrower Llc | LFTMOB | 8.18 | 10/02/2028 | 5,392,104.00 | 5,370,200.00 | 0.22 |
| BL3925031 | IRIS Holding Inc | ITPCN | 9.13 | 06/28/2028 | 5,440,246.00 | 5,287,614.00 | 0.22 |
| BL3540582 | PARK River Holdings Inc | PRIMBP | 7.8 | 12/28/2027 | 5,610,623.00 | 5,514,440.00 | 0.22 |
| BL3572759 | First Brands Group Llc | TRICGR | 9.54 | 03/30/2027 | 5,506,426.00 | 5,373,352.00 | 0.22 |
| BL4850956 | VT Topco Inc | VERCOR | 7.33 | 08/09/2030 | 5,341,212.00 | 5,356,792.00 | 0.22 |
| BL4862100 | Flutter Financing Bv | FLTR | 6.05 | 11/30/2030 | 5,368,322.00 | 5,332,530.00 | 0.22 |
| BL4763795 | DAVE & Buster's Inc | PLAY | 7.56 | 11/01/2031 | 5,657,250.00 | 5,433,992.00 | 0.22 |
| BL5019718 | RED Spv Llc | NWFOOD | 6.56 | 03/15/2032 | 5,450,000.00 | 5,436,375.00 | 0.22 |
| BL5135076 | Aggreko Holdings Inc | AGKLN | 7.32 | 05/21/2031 | 5,306,665.00 | 5,326,564.00 | 0.22 |
| BL5072683 | Foundation Building M | FBM | 9.55 | 01/29/2031 | 5,225,000.00 | 5,113,968.00 | 0.21 |
| BL5042678 | Vista Management Holding | VSTJET | 8.04 | 03/18/2031 | 5,220,000.00 | 5,226,525.00 | 0.21 |
| BL4994770 | Covia Holdings Llc | CVIA | 7.55 | 02/26/2032 | 5,250,000.00 | 5,263,125.00 | 0.21 |
| BL4797926 | Quimper Ab | AHSLSS | 5.69 | 03/29/2030 | 4,500,000.00 | 5,151,448.00 | 0.21 |
| BL4807626 | DUN & Bradstreet Corp | DNB | 6.57 | 01/18/2029 | 5,184,375.00 | 5,182,104.00 | 0.21 |
| BL4845345 | SCIH Salt Holdings Inc | MORTON | 7.29 | 01/31/2029 | 5,155,771.00 | 5,160,782.00 | 0.21 |
| BL4938967 | Gloves Buyer Inc | PROINP | 8.32 | 05/21/2032 | 5,175,000.00 | 5,058,562.00 | 0.21 |
| BL3618693 | Univision Communications | UVN | 7.69 | 01/31/2029 | 5,125,853.00 | 5,087,408.00 | 0.21 |
| BL3971142 | Cornerstone Building | CNR | 9.94 | 08/01/2028 | 5,581,375.00 | 5,148,818.00 | 0.21 |
| BL3766351 | Fender Musical Instruments | FNDR | 8.43 | 12/01/2028 | 5,662,432.00 | 5,124,500.00 | 0.21 |
| BL4687218 | Brown Group Holding Llc | SIGLN | 6.83 | 07/01/2031 | 5,057,008.00 | 5,059,718.00 | 0.21 |
| BL4722940 | Greystar Real Estate Partner | GRSTAR | 7.05 | 08/21/2030 | 5,116,901.00 | 5,110,505.00 | 0.21 |
| BL4726834 | Clydesdale Acquisition | NOVHOL | 7.5 | 04/13/2029 | 5,138,792.00 | 5,136,648.00 | 0.21 |
| BL4728046 | Amentum Holdings Inc | AMNTEC | 6.58 | 09/29/2031 | 5,167,589.00 | 5,135,291.00 | 0.21 |
| 74970WAJ9 | ROCK Trust 2024-cntr | ROCC | 8.82 | 11/13/2041 | 5,000,000.00 | 5,259,501.00 | 0.21 |
| 67118VAE9 | OFSI Bsl Clo Xiii Ltd | OFSBS | 6.58 | 04/20/2037 | 5,000,000.00 | 5,012,216.00 | 0.20 |
| 04940QAE7 | Atlas Senior Loan Fund Xxi Ltd | ATCLO | 4.3 | 07/20/2035 | 5,000,000.00 | 5,025,497.00 | 0.20 |
| 001207AU3 | AGL Clo 9 Ltd | AGL | 6.33 | 04/20/2037 | 5,000,000.00 | 5,027,462.00 | 0.20 |
| 06055HAH6 | BANK Of America Corp | BAC | 6.63 | 08/01/2173 | 4,690,000.00 | 4,815,532.00 | 0.20 |
| 06875RAE9 | Barrow Hanley Clo Ii Ltd | BARHN | 7.33 | 10/20/2035 | 5,000,000.00 | 5,024,067.00 | 0.20 |
| 07132LAN9 | Battalion Clo Xi Ltd | BATLN | 6.3 | 04/24/2034 | 5,000,000.00 | 5,009,567.00 | 0.20 |
| BL4622678 | Lumen Technologies Inc | LUMN | 6.79 | 04/15/2029 | 5,026,413.00 | 4,994,997.00 | 0.20 |
| BL3684570 | Cloudera Inc | CLDR | 8.18 | 10/08/2028 | 5,247,430.00 | 5,026,602.00 | 0.20 |
| BL4871721 | Johnstone Supply Llc | JHNSPL | 6.82 | 06/09/2031 | 4,943,795.00 | 4,942,766.00 | 0.20 |
| BL4793883 | Construction Partners In | ROAD | 6.83 | 11/03/2031 | 4,975,000.00 | 4,993,656.00 | 0.20 |
| BL4760759 | Synechron Inc | SYNECH | 8.03 | 09/26/2031 | 5,012,438.00 | 4,862,064.00 | 0.20 |
| BL4759843 | Pegasus Bidco Bv | REFRLN | 7.58 | 07/12/2029 | 4,937,625.00 | 4,939,684.00 | 0.20 |
| BL4995835 | Quikrete Holdings Inc | QUIKHO | 6.58 | 04/14/2031 | 4,987,469.00 | 4,983,314.00 | 0.20 |
| BL4985547 | Michael Baker Intl | MICBAK | 8.28 | 12/01/2028 | 4,866,156.00 | 4,881,362.00 | 0.20 |
| BL4991073 | Charlotte Buyer Inc | KND | 8.56 | 02/11/2028 | 4,878,602.00 | 4,874,791.00 | 0.20 |
| BL4977171 | Acuren Delaware Holdco Inc | ROCSER | 7.08 | 07/30/2031 | 4,825,000.00 | 4,812,937.00 | 0.20 |
| BL4981173 | Amwins Group Inc | AMWINS | 6.58 | 01/30/2032 | 4,982,394.00 | 4,984,885.00 | 0.20 |
| BL4978666 | Genesys Cloud Services | GCTI | 6.83 | 01/30/2032 | 4,985,888.00 | 4,978,408.00 | 0.20 |
| BL5126653 | Reworld Holding Corp | CVA | 6.57 | 11/30/2028 | 4,940,770.00 | 4,944,885.00 | 0.20 |
| BL5164258 | SGH2 Llc | COLCAP | 4.5 | 07/16/2032 | 4,950,000.00 | 4,950,000.00 | 0.20 |
| XS23881984 | ST Pauls Clo | SPAUL | 2.5 | 01/17/2032 | 4,500,000.00 | 4,818,838.00 | 0.20 |
| XS27599831 | United Group Bv | ADRBID | 6.39 | 02/01/2029 | 4,000,000.00 | 4,570,498.00 | 0.19 |
| SWZ9707Z0K | ICE: (cdx.na.hy.44.v1) | — | 5.0 | 06/20/2030 | 59,545,000.00 | 4,647,842.00 | 0.19 |
| BL5142775 | Kuehg Corp | KNOLEA | 7.04 | 06/12/2030 | 4,753,426.00 | 4,753,426.00 | 0.19 |
| BL4995827 | Northab Llc | NTHBNC | 6.8 | 11/24/2028 | 4,708,533.00 | 4,652,030.00 | 0.19 |
| BL4778090 | Azorra Soar Tlb Finance | AZORRA | 7.82 | 10/18/2029 | 4,571,455.00 | 4,571,455.00 | 0.19 |
| BL4875664 | Examworks Bidco Inc | EXAM | 7.08 | 11/01/2028 | 4,688,250.00 | 4,696,623.00 | 0.19 |
| BL4843407 | Omnia Partners Llc | NATIPA | 6.78 | 07/25/2030 | 4,653,088.00 | 4,660,844.00 | 0.19 |
| BL3560291 | Ingenovis Health Inc | INHEAL | 8.7 | 03/06/2028 | 12,181,661.00 | 4,568,122.00 | 0.19 |
| BL3764356 | AMG Nv | AMGNA | 7.94 | 11/30/2028 | 4,689,258.00 | 4,583,749.00 | 0.19 |
| BL3852888 | Latham Pool Products Inc | LATPOO | 8.43 | 02/23/2029 | 4,692,812.00 | 4,653,706.00 | 0.19 |
| B8AE093V0 | Parfums De Marly | — | — | 09/01/2028 | 4,665,000.00 | 4,618,350.00 | 0.19 |
| BL4583441 | Trulite Glass & Aluminum Solutions Llc | TRUGLA | 10.29 | 03/01/2030 | 4,876,145.00 | 4,656,718.00 | 0.19 |
| BL4728491 | Harbourvest Partners Lp | HAPART | 6.55 | 04/18/2030 | 4,585,378.00 | 4,573,914.00 | 0.19 |
| 05613UAJ0 | BX Trust 2025-dime | BX | 7.34 | 02/15/2030 | 4,750,000.00 | 4,734,588.00 | 0.19 |
| 58406CAE1 | APEX Credit Clo 2021-ii Llc | APEXC | 6.44 | 10/20/2034 | 4,725,000.00 | 4,729,708.00 | 0.19 |
| 65535HCC1 | Nomura Holdings Inc | NOMURA | 7.0 | 01/15/2174 | 4,295,000.00 | 4,359,425.00 | 0.18 |
| 73015AAA5 | PMT Credit Risk Transfer Trust 2024-1r | PMTCR | 7.85 | 05/25/2033 | 4,421,926.00 | 4,474,012.00 | 0.18 |
| 239086AQ4 | Davis Park Clo Ltd | DAVIS | 6.02 | 07/20/2038 | 4,500,000.00 | 4,504,536.00 | 0.18 |
| BL4687465 | APRO Llc | UNIPAC | 8.06 | 07/09/2031 | 4,526,377.00 | 4,503,744.00 | 0.18 |
| BL4811875 | Cotiviti Inc | VCVHHO | 7.08 | 05/01/2031 | 4,470,863.00 | 4,459,685.00 | 0.18 |
| BL5094885 | Pregis Topco Llc | PREGIS | 8.33 | 02/01/2029 | 4,340,249.00 | 4,371,898.00 | 0.18 |
| BL4987774 | Hireright Holdings Corp | HRT | 7.58 | 09/27/2030 | 4,678,124.00 | 4,520,236.00 | 0.18 |
| BL4990307 | Sinclair Television Grou | SBGI | 8.53 | 12/31/2030 | 4,618,107.00 | 4,248,658.00 | 0.17 |
| BL4993863 | MPH Acquisition Holdings | MLTPLN | 9.14 | 12/31/2030 | 4,613,438.00 | 4,111,726.00 | 0.17 |
| BL4790038 | LIFE Time Inc | LTH | 6.58 | 11/05/2031 | 4,154,125.00 | 4,160,356.00 | 0.17 |
| BL4811545 | Savage Enterprises Llc | SAVENT | 7.08 | 09/15/2028 | 4,077,643.00 | 4,076,370.00 | 0.17 |
| BL4843019 | First Student Bidco Inc | FRSTST | 6.8 | 07/21/2028 | 4,274,930.00 | 4,277,601.00 | 0.17 |
| BL5147105 | CP Atlas Buyer Inc | AMBATH | 5.25 | 07/08/2030 | 4,375,000.00 | 4,156,250.00 | 0.17 |
| XS23055482 | Avoca Capital Clo X Ltd | AVOCA | 3.38 | 04/15/2035 | 3,750,000.00 | 4,260,871.00 | 0.17 |
| BL4679264 | 1011778 Bc Ulc | BCULC | 6.08 | 09/20/2030 | 4,108,500.00 | 4,095,295.00 | 0.17 |
| BL4584548 | Assuredpartners Inc | ASSPAR | 7.83 | 02/14/2031 | 4,189,332.00 | 4,196,063.00 | 0.17 |
| BL4462091 | Ineos Us Petrochem Llc | STYRO | 8.68 | 04/02/2029 | 4,443,063.00 | 4,087,617.00 | 0.17 |
| BL3624808 | Hyster-yale Group Inc | HY | 7.94 | 05/26/2028 | 4,318,713.00 | 4,297,118.00 | 0.17 |
| BL3627926 | BCPE North Star Us Holdc | BCPENO | 8.44 | 06/09/2028 | 4,288,189.00 | 4,281,040.00 | 0.17 |
| 67515BAC6 | Ocean Trails Clo Xv Ltd | OCTR | 6.82 | 01/15/2037 | 4,250,000.00 | 4,271,889.00 | 0.17 |
| 91282CLP4 | United States Treasury Note/bond | T | 3.5 | 09/30/2026 | 4,050,000.00 | 4,020,732.00 | 0.16 |
| 482937AB5 | KKR Clo 32 Ltd | KKR | 6.42 | 04/15/2037 | 4,000,000.00 | 4,028,919.00 | 0.16 |
| BL3560150 | Petco Health & Wellness | WOOF | 7.81 | 03/03/2028 | 4,285,105.00 | 4,007,909.00 | 0.16 |
| B8ADRJ0H5 | Clubcorp Holdings Inc | — | — | 04/30/2032 | 4,014,374.00 | 3,981,455.00 | 0.16 |
| BL4578458 | Consolidated Energy Fin Sa | CONSEN | 8.83 | 11/15/2030 | 4,101,813.00 | 3,865,958.00 | 0.16 |
| BL5133790 | Nexstar Media Inc | NXST | 2.5 | 06/24/2032 | 4,050,000.00 | 4,054,050.00 | 0.16 |
| BL5126513 | Bausch + Lomb Corp | BLCOCN | 8.57 | 01/15/2031 | 4,000,000.00 | 4,013,332.00 | 0.16 |
| BL4789873 | LC Ahab Us Bidco Llc | AMAWAT | 7.33 | 05/01/2031 | 4,031,585.00 | 4,024,026.00 | 0.16 |
| BL5004397 | A-AP Buyer Inc | AUSPOW | 7.08 | 09/09/2031 | 3,830,750.00 | 3,849,903.00 | 0.16 |
| BL5011400 | WIN Waste Innovations Ho | WHETEC | 8.19 | 03/24/2028 | 3,965,063.00 | 3,974,975.00 | 0.16 |
| BL4978641 | Recess Holdings Inc | RECESS | 8.03 | 02/20/2030 | 3,855,120.00 | 3,867,167.00 | 0.16 |
| BL4979144 | Mavis Tire Express Servi | EOCGRO | 7.33 | 05/04/2028 | 3,975,901.00 | 3,980,159.00 | 0.16 |
| BL4922755 | Graftech Global Enterpri | EAF | 8.0 | 12/21/2029 | 3,908,888.00 | 3,987,065.00 | 0.16 |
| BL4789840 | Sharp Services Llc | SHPCOL | 7.55 | 12/31/2028 | 3,700,753.00 | 3,719,256.00 | 0.15 |
| BL4781086 | Closure Systems Internat | CAINGR | 7.83 | 03/13/2029 | 3,696,399.00 | 3,705,639.00 | 0.15 |
| BL4766871 | Tidal Waste & Recycling | TIWARE | 7.3 | 10/24/2031 | 3,690,750.00 | 3,711,528.00 | 0.15 |
| BL4845816 | MH Sub I Llc | INET | 8.58 | 12/31/2031 | 4,224,421.00 | 3,755,509.00 | 0.15 |
| BL4569150 | Imagine Learning Llc/az | WELDNE | 7.83 | 12/21/2029 | 3,925,313.00 | 3,743,766.00 | 0.15 |
| BL4493633 | Flint Group Topco Ltd | FLINT | 4.64 | 12/31/2027 | 5,190,315.00 | 3,685,123.00 | 0.15 |
| BL4664670 | Runitonetime Llc | MAVGAM | 16.0 | 06/03/2028 | 4,172,784.00 | 3,755,505.00 | 0.15 |
| BL4664696 | Runitonetime Llc | MAVGAM | 11.81 | 06/05/2028 | 7,574,134.00 | 3,635,584.00 | 0.15 |
| BL3473057 | Trugreen Lp | SVMSTR | 8.43 | 11/02/2027 | 3,798,474.00 | 3,651,283.00 | 0.15 |
| 431318AZ7 | Hilcorp Energy I Lp / Hilcorp Finance Co | HILCRP | 6.25 | 04/15/2032 | 3,750,000.00 | 3,600,559.00 | 0.15 |
| 11283YAD2 | Brookfield Residential Properties Inc / | BRPCN | 4.88 | 02/15/2030 | 4,200,000.00 | 3,807,384.00 | 0.15 |
| 92840JAD1 | Vistajet Malta Finance Plc / Vista Manag | VSTJET | 7.88 | 05/01/2027 | 3,575,000.00 | 3,589,514.00 | 0.15 |
| BL4686459 | Sound Inpatient Physicia | SOUINP | 11.06 | 06/28/2028 | 3,423,901.00 | 3,560,857.00 | 0.14 |
| BL4814887 | Dechra Finance Us | DPHLN | 7.51 | 01/27/2032 | 3,417,435.00 | 3,427,403.00 | 0.14 |
| BL4990430 | Veritiv Operating Co | VRTV | 8.3 | 11/30/2030 | 3,382,957.00 | 3,392,825.00 | 0.14 |
| BL5018546 | Madison Safety & Flow | MADSAF | 7.08 | 09/26/2031 | 3,450,554.00 | 3,465,650.00 | 0.14 |
| BL5047875 | OPAL Us Llc | OPALBD | 7.44 | 04/28/2032 | 3,300,000.00 | 3,312,375.00 | 0.13 |
| BL5024569 | Loire Finco Luxembourg | LGCLTD | 8.33 | 01/31/2030 | 3,192,000.00 | 3,211,950.00 | 0.13 |
| BL4855567 | Indicor Llc | INDICO | 7.05 | 11/22/2029 | 3,232,104.00 | 3,235,471.00 | 0.13 |
| BSF1TT5 | Digicel Intermediate Holdings Ltd / Digi | DIINFL | 11.25 | 05/25/2027 | 3,137,277.00 | 3,139,629.00 | 0.13 |
| BL4684736 | Emrld Borrower Lp | EMECLI | 6.83 | 08/04/2031 | 3,126,375.00 | 3,126,375.00 | 0.13 |
| BL4454486 | Venator Finance Sarl | VNTR | 6.32 | 10/12/2028 | 4,396,139.00 | 3,077,297.00 | 0.13 |
| BL4573418 | Camelot Us Acquisition Llc | CCC | 7.08 | 01/31/2031 | 3,138,358.00 | 3,134,434.00 | 0.13 |
| B8AC5MQN3 | Diamond Sports Grp Llc- Cs | — | — | — | 244,231.00 | 3,276,847.00 | 0.13 |
| 69377PAW4 | PPM Clo 2 Ltd | PPMC | 6.57 | 04/16/2037 | 3,250,000.00 | 3,255,298.00 | 0.13 |
| 269809414 | Eagle Point Credit Co Inc | ECC | 7.75 | 06/30/2030 | 126,346.00 | 3,135,907.00 | 0.13 |
| 25470MAG4 | DISH Network Corp | DISH | 11.75 | 11/15/2027 | 2,800,000.00 | 2,915,390.00 | 0.12 |
| 691543854 | Oxford Lane Capital Corp | OXLC | 7.95 | 02/29/2032 | 119,875.00 | 2,998,073.00 | 0.12 |
| B8AC6L2G5 | Hurricane Cleanco Limited | — | 6.25 | 10/31/2029 | 2,167,390.00 | 2,948,234.00 | 0.12 |
| B8AC8DDQ7 | Venator Fin Sarl | — | 6.31 | 12/31/2025 | 3,083,521.00 | 2,929,344.00 | 0.12 |
| 95023AAC4 | Wellfleet Clo 2021-2 Ltd | WELF | 6.38 | 07/15/2034 | 2,850,000.00 | 2,850,000.00 | 0.12 |
| BL3684612 | Cloudera Inc | CLDR | 4.43 | 10/08/2029 | 3,320,000.00 | 2,900,850.00 | 0.12 |
| BL3652478 | Skillsoft Finance Ii Inc | SKIL | 9.69 | 07/14/2028 | 3,236,791.00 | 3,004,147.00 | 0.12 |
| BL4778249 | Nouryon Finance Bv | SPCHEM | 7.55 | 04/03/2028 | 3,073,414.00 | 3,073,414.00 | 0.12 |
| BL4810455 | Caesars Entertain Inc | CZR | 6.58 | 02/06/2031 | 2,839,063.00 | 2,836,399.00 | 0.12 |
| BL5062296 | Wayne-sanderson Farms Llc | WAYSFM | 6.57 | 05/21/2032 | 2,975,000.00 | 2,981,509.00 | 0.12 |
| BL4938413 | Venator Finance Sarl | VNTR | 6.3 | 07/16/2026 | 3,100,422.00 | 2,945,401.00 | 0.12 |
| BL4978468 | Clearwater Analytics Llc | CLRANA | 6.52 | 04/21/2032 | 2,725,000.00 | 2,726,703.00 | 0.11 |
| BL5004322 | VFH Parent Llc | VIRT | 6.83 | 06/21/2031 | 2,686,093.00 | 2,692,808.00 | 0.11 |
| BL4812303 | Evertec Llc | EVTC | 7.08 | 10/30/2030 | 2,705,000.00 | 2,715,143.00 | 0.11 |
| BL4731347 | Kenan Advantage Group | KEADGR | 7.58 | 01/25/2029 | 2,724,794.00 | 2,711,170.00 | 0.11 |
| BL4465730 | SIX Flags Entertainme | FUN | 6.33 | 05/01/2031 | 2,693,199.00 | 2,689,412.00 | 0.11 |
| BL4564722 | DAVE & Buster's Inc | PLAY | 7.56 | 06/29/2029 | 2,879,598.00 | 2,808,327.00 | 0.11 |
| 91282CME8 | United States Treasury Note/bond | T | 4.25 | 12/31/2026 | 2,600,000.00 | 2,606,093.00 | 0.11 |
| 86562MDK3 | Sumitomo Mitsui Financial Group Inc | SUMIBK | 6.6 | 06/05/2174 | 2,725,000.00 | 2,769,281.00 | 0.11 |
| 315293308 | Ferrellgas Partners Lp | FGPRB | — | — | 20,453.00 | 2,703,872.00 | 0.11 |
| 28622EAW8 | Elevation Clo 2021-13 Ltd | AWPT | 5.92 | 07/15/2034 | 2,500,000.00 | 2,495,193.00 | 0.10 |
| 165167735 | Expand Energy Corp | EXE | — | — | 22,789.00 | 2,387,831.00 | 0.10 |
| 83617A207 | Sound Point Meridian Capital Inc | SPMC | 8.0 | 11/30/2029 | 97,015.00 | 2,447,465.00 | 0.10 |
| 67120UAG2 | NYC Commercial Mortgage Trust 2025-3bp | NYC | 6.78 | 02/15/2042 | 2,350,000.00 | 2,336,434.00 | 0.10 |
| BL4207215 | Ineos Us Petrochem Llc | STYRO | 8.18 | 03/14/2030 | 2,548,000.00 | 2,344,160.00 | 0.10 |
| BL3726934 | Vector Wp Holdco Inc | VECWPH | 9.44 | 10/12/2028 | 2,524,496.00 | 2,492,940.00 | 0.10 |
| BL3768035 | Altar Bidco Inc | BRKS | 7.25 | 02/01/2029 | 2,393,830.00 | 2,390,239.00 | 0.10 |
| BL4789972 | MRC Global Us Inc | MRC | 7.8 | 10/29/2031 | 2,350,110.00 | 2,338,359.00 | 0.10 |
| BL4940195 | J&J Ventures Gaming Llc | JJVEGA | 7.83 | 04/26/2030 | 2,500,000.00 | 2,475,000.00 | 0.10 |
| BL4998318 | HP Phrg Borrower Llc | PHRGUS | 8.33 | 02/20/2032 | 2,500,000.00 | 2,490,625.00 | 0.10 |
| BL5055217 | Herschend Entertainment | HERFAM | 7.57 | 05/27/2032 | 2,350,000.00 | 2,367,625.00 | 0.10 |
| BL4985372 | Arcis Golf Llc | ACSGLF | 7.08 | 11/24/2028 | 2,444,275.00 | 2,444,274.00 | 0.10 |
| BL4874238 | Reworld Holding Corp | CVA | 6.56 | 11/30/2028 | 2,226,712.00 | 2,229,495.00 | 0.09 |
| BL4783140 | PG Polaris Bidco Sarl | ROSGRP | 7.05 | 03/26/2031 | 2,179,050.00 | 2,184,497.00 | 0.09 |
| G2770C100 | Digicel Intl Fin Ltd Common Equity | — | — | — | 275,213.00 | 2,201,704.00 | 0.09 |
| XS22745298 | CIFC European Funding Clo Iii Dac | CIFCE | 3.53 | 01/15/2034 | 2,000,000.00 | 2,262,407.00 | 0.09 |
| BL5105350 | Flutter Financing Bv | FLTR | 6.3 | 06/04/2032 | 2,125,000.00 | 2,122,343.00 | 0.09 |
| BL5116852 | Apollo Cmmrl Real Est Fin In | ARI | 7.56 | 06/13/2030 | 2,275,000.00 | 2,257,937.00 | 0.09 |
| BL3928258 | Univision Communications | UVN | 8.55 | 06/24/2029 | 2,106,571.00 | 2,109,203.00 | 0.09 |
| BL3571389 | WIN Waste Innovations Ho | WHETEC | 7.19 | 03/24/2028 | 2,121,808.00 | 2,118,094.00 | 0.09 |
| BL3493089 | LBM Acquisition Llc | USLBMH | 8.18 | 12/17/2027 | 2,343,891.00 | 2,332,171.00 | 0.09 |
| BL4071538 | First Brands Group Llc | TRICGR | 9.54 | 03/30/2027 | 2,203,271.00 | 2,150,024.00 | 0.09 |
| BL4679157 | White Cap Supply Holding | WHTCAP | 7.58 | 10/19/2029 | 2,145,498.00 | 2,141,352.00 | 0.09 |
| BL4671105 | LBM Acquisition Llc | USLBMH | 8.16 | 06/06/2031 | 2,493,703.00 | 2,324,988.00 | 0.09 |
| BL4752996 | Paint Intermediate Iii | PAIIII | 7.3 | 10/09/2031 | 2,244,375.00 | 2,239,699.00 | 0.09 |
| BL4687226 | Brown Group Holding Llc | SIGLN | 6.81 | 07/01/2031 | 1,897,911.00 | 1,900,875.00 | 0.08 |
| B8ACRGD14 | Convergeone Holdings Inc | — | 10.07 | 06/04/2030 | 3,482,786.00 | 2,089,671.00 | 0.08 |
| BL3835958 | Reladyne Inc | RELDYN | 8.33 | 12/23/2030 | 1,913,211.00 | 1,917,196.00 | 0.08 |
| 527298BV4 | Level 3 Financing Inc | LVLT | 11.0 | 11/15/2029 | 1,719,429.00 | 1,953,185.00 | 0.08 |
| 431318AY0 | Hilcorp Energy I Lp / Hilcorp Finance Co | HILCRP | 6.0 | 04/15/2030 | 1,925,000.00 | 1,893,948.00 | 0.08 |
| BL5117652 | Acrisure Llc | ACRISU | 7.58 | 06/20/2032 | 1,990,013.00 | 1,987,524.00 | 0.08 |
| BLFHRK1 | Venator Materials Plc | VNTRF | — | — | 10,549.00 | 1,898,820.00 | 0.08 |
| BL4799294 | Xplore Inc/nb | BARXPL | 6.09 | 10/24/2031 | 2,746,291.00 | 2,059,717.00 | 0.08 |
| BL4811826 | WEC Us Holdings Inc | WECHOL | 6.58 | 01/27/2031 | 2,034,711.00 | 2,035,559.00 | 0.08 |
| BL4915957 | SWF Holdings I Corp | SPRIND | 5.5 | 12/18/2029 | 2,085,714.00 | 2,080,500.00 | 0.08 |
| BL4989184 | Quikrete Holdings Inc | QUIKHO | 6.58 | 02/10/2032 | 2,068,188.00 | 2,066,177.00 | 0.08 |
| BL4990380 | Hilcorp Energy I Lp | HILCRP | 6.31 | 02/05/2030 | 1,865,325.00 | 1,866,490.00 | 0.08 |
| BL5001377 | Pasadena Performance Pro | PASPER | 7.8 | 02/27/2032 | 1,720,688.00 | 1,732,517.00 | 0.07 |
| BL5023736 | PEER Holding Iii Bv | ACTINA | 6.8 | 10/26/2030 | 1,641,688.00 | 1,644,424.00 | 0.07 |
| BL4861722 | Lsf11 Trinity Bidco Inc | LSFTRI | 7.32 | 06/14/2030 | 1,734,208.00 | 1,735,292.00 | 0.07 |
| BL5171782 | Olympus Wtr Us Hldg Corp | SOLEIN | 3.25 | 07/23/2032 | 1,850,000.00 | 1,842,600.00 | 0.07 |
| BL5126612 | Beacon Mobility Corp | BEAMOB | 3.25 | 06/18/2030 | 1,781,024.00 | 1,781,024.00 | 0.07 |
| 92535C500 | Carlyle Credit Income Fund | CCIF | 8.75 | 10/31/2028 | 70,528.00 | 1,818,204.00 | 0.07 |
| BL3676949 | Rough Country Llc | ROUCON | 7.94 | 07/28/2028 | 1,755,177.00 | 1,720,620.00 | 0.07 |
| B8ADQ6J27 | Doncasters Us Fin Llc | — | — | 04/01/2030 | 1,800,000.00 | 1,818,000.00 | 0.07 |
| BL3299924 | ZAYO Group Holdings Inc | ZAYO | 7.44 | 03/09/2027 | 1,840,000.00 | 1,776,520.00 | 0.07 |
| BL4605418 | Transdigm Inc | TDG | 7.05 | 03/22/2030 | 1,826,875.00 | 1,833,314.00 | 0.07 |
| BL4666196 | Univision Communications | UVN | 7.94 | 01/31/2029 | 1,775,797.00 | 1,765,808.00 | 0.07 |
| BL4433753 | Bombardier Recreational | BOMREC | 7.08 | 12/13/2029 | 1,656,079.00 | 1,657,805.00 | 0.07 |
| BL4566016 | Ensemble Rcm Llc | ENSHLT | 7.28 | 08/01/2029 | 1,371,528.00 | 1,376,671.00 | 0.06 |
| BL4756336 | Burlington Coat Factory | BURL | 6.08 | 09/19/2031 | 1,496,231.00 | 1,491,555.00 | 0.06 |
| 83611VBC1 | Sound Point Clo Xxvii Ltd | SNDPT | 7.93 | 10/25/2034 | 1,500,000.00 | 1,508,171.00 | 0.06 |
| 98887HAL8 | ZAIS Clo 3 Ltd | ZCLO3 | 6.77 | 07/15/2031 | 1,500,000.00 | 1,505,697.00 | 0.06 |
| 67103B803 | OFS Capital Corp | OFS | 7.5 | 07/31/2028 | 56,000.00 | 1,405,600.00 | 0.06 |
| 00737WAA7 | Adtalem Global Education Inc | ATGE | 5.5 | 03/01/2028 | 1,521,000.00 | 1,502,538.00 | 0.06 |
| SWB8AE0KY6 | Trswap: Ibxxlltr Index 09/22/2025 Mslsw_ | — | — | 09/22/2025 | 440,879.00 | 1,356,759.00 | 0.06 |
| BL4842649 | Starwood Property Mortga | STWD | 6.58 | 11/18/2027 | 1,570,433.00 | 1,568,470.00 | 0.06 |
| BL4915932 | SWF Holdings I Corp | SPRIND | 8.83 | 12/18/2029 | 1,564,286.00 | 1,560,375.00 | 0.06 |
| BL4766657 | Windstream Services Llc | WIN | 9.18 | 10/01/2031 | 1,550,000.00 | 1,555,812.00 | 0.06 |
| BL4938314 | MAIN Street Sports Group | DSPORT | 12.0 | 01/02/2028 | 1,680,789.00 | 1,462,286.00 | 0.06 |
| BL4989382 | MIC Glen Llc | KMACHO | 7.58 | 07/21/2028 | 1,175,000.00 | 1,176,958.00 | 0.05 |
| BL4843027 | First Student Bidco Inc | FRSTST | 6.8 | 07/21/2028 | 1,310,318.00 | 1,311,136.00 | 0.05 |
| BL4843183 | Renaissance Holdings Cor | RLRN | 8.28 | 04/05/2030 | 1,369,478.00 | 1,258,550.00 | 0.05 |
| SWB8AE0L12 | Trswap: Ibxxlltr Index 09/22/2025 Bnpsw_ | — | — | 09/22/2025 | 433,452.00 | 1,333,904.00 | 0.05 |
| 364760AQ1 | GAP Inc/the | GAP | 3.88 | 10/01/2031 | 1,320,000.00 | 1,172,880.00 | 0.05 |
| 50202CAC8 | LCM 33 Ltd | LCM | 6.24 | 07/20/2034 | 1,300,000.00 | 1,300,000.00 | 0.05 |
| 81721MAM1 | Diversified Healthcare Trust | DHC | 4.75 | 02/15/2028 | 1,275,000.00 | 1,181,710.00 | 0.05 |
| 82650BAD8 | Sierra Timeshare 2023-2 Receivables Fund | SRFC | 9.72 | 04/20/2040 | 1,137,187.00 | 1,185,781.00 | 0.05 |
| BL4684603 | MIP V Waste Llc | GREWAS | 7.28 | 12/08/2028 | 1,298,286.00 | 1,301,531.00 | 0.05 |
| BL4485100 | DS Parent Inc | DAVSTA | 9.8 | 01/31/2031 | 1,311,750.00 | 1,188,226.00 | 0.05 |
| B8ADTUF25 | GTT Communications Inc | — | 14.0 | 07/15/2031 | 1,431,626.00 | 1,159,617.00 | 0.05 |
| B8AC24CC5 | Heritage Power Llc | — | 9.8 | 07/20/2028 | 1,356,884.00 | 1,336,530.00 | 0.05 |
| B8ADX0WW1 | Doncasters Us Finance Llc | — | 10.8 | 04/23/2030 | 1,197,000.00 | 1,208,970.00 | 0.05 |
| BL4124436 | Asurion Llc | ASUCOR | 8.68 | 08/21/2028 | 1,075,250.00 | 1,064,945.00 | 0.04 |
| BL4600518 | Connect Finco Sarl | IMASF | 8.83 | 09/27/2029 | 962,634.00 | 941,576.00 | 0.04 |
| BL4758670 | Tronox Finance Llc | TROX | 6.81 | 09/30/2031 | 1,157,625.00 | 1,047,651.00 | 0.04 |
| 78500AAA6 | SWF Holdings I Corp | SPRIND | 6.5 | 10/01/2029 | 2,550,000.00 | 968,793.00 | 0.04 |
| 67111Q503 | OFS Credit Co Inc | OCCI | 7.88 | 10/31/2029 | 36,949.00 | 929,851.00 | 0.04 |
| 527298CH4 | Level 3 Financing Inc | LVLT | 4.0 | 04/15/2031 | 1,000,000.00 | 863,559.00 | 0.04 |
| 95002YAC7 | Wells Fargo & Co | WFC | 6.85 | 09/15/2173 | 1,060,000.00 | 1,095,710.00 | 0.04 |
| 445587AE8 | HUNT Cos Inc | HUNTCO | 5.25 | 04/15/2029 | 1,025,000.00 | 1,004,334.00 | 0.04 |
| 25470XAY1 | DISH Dbs Corp | DISH | 7.75 | 07/01/2026 | 1,000,000.00 | 888,777.00 | 0.04 |
| 126307BK2 | CSC Holdings Llc | CSCHLD | 5.0 | 11/15/2031 | 2,157,000.00 | 1,019,579.00 | 0.04 |
| O0EF5E2MKB | Eur/usd Fwd 20250902 57918 | EUR | — | 09/02/2025 | -34,216,133.00 | 1,059,545.00 | 0.04 |
| BL5169778 | Alterra Mountain Company | ALTMOU | 2.75 | 05/31/2030 | 1,066,951.00 | 1,066,950.00 | 0.04 |
| BL4940393 | Brewco Borrower Llc | CTYBRW | 13.59 | 04/05/2028 | 1,155,384.00 | 1,086,061.00 | 0.04 |
| BL5033867 | LCI Industries | LCII | 6.83 | 03/19/2032 | 997,500.00 | 996,876.00 | 0.04 |
| BL4781144 | Jupiter Buyer Inc | ARCHKE | 4.75 | 11/01/2031 | 670,118.00 | 673,468.00 | 0.03 |
| BL4799260 | Xplore Inc/nb | BARXPL | 9.59 | 10/24/2029 | 795,229.00 | 747,515.00 | 0.03 |
| JRQCM0MFUI | Eur/usd Fwd 20250804 Mslngb2x | EUR | — | 08/04/2025 | -34,669,872.00 | 757,570.00 | 0.03 |
| 025816CH0 | American Express Co | AXP | 3.55 | 09/15/2172 | 665,000.00 | 649,990.00 | 0.03 |
| 045086AP0 | Ashton Woods Usa Llc / Ashton Woods Fina | ASHWOO | 4.63 | 04/01/2030 | 835,000.00 | 785,117.00 | 0.03 |
| 269809877 | Eagle Point Credit Co Inc | ECC | 8.0 | 01/31/2029 | 30,058.00 | 753,253.00 | 0.03 |
| 44267DAF4 | Howard Hughes Corp/the | HHH | 4.38 | 02/01/2031 | 770,000.00 | 709,736.00 | 0.03 |
| BL4728509 | Howden Group Holdings Lt | HYPINS | 7.83 | 04/18/2030 | 648,342.00 | 649,962.00 | 0.03 |
| B8ADGKST8 | NEW Generation Gas Gathering Llc | — | 4.34 | 09/30/2029 | 681,081.00 | 670,864.00 | 0.03 |
| B8ADVZ6S4 | Denali Intermediate Hldg Inc | — | — | 05/31/2032 | 678,676.00 | 671,889.00 | 0.03 |
| B8AE3VHV3 | Clubcorp Hldgs Inc | — | — | 07/31/2032 | 436,345.00 | 432,766.00 | 0.02 |
| B8AE6EKC6 | Maverick Gaming Llc | — | — | 04/17/2026 | 522,043.00 | 466,693.00 | 0.02 |
| B8ADVAEX9 | NEW Generation Gas Gathering Llc | — | 4.34 | 09/30/2029 | 567,567.00 | 559,053.00 | 0.02 |
| B8ADD6450 | Aventiv Technologies Llc | — | 14.59 | 12/31/2025 | 351,699.00 | 369,283.00 | 0.02 |
| B8AD64SP3 | Xplore Inc | — | — | — | 172,298.00 | 419,672.00 | 0.02 |
| B8ACPYTT9 | Sound Inpatient Physicians Inc- Class A2 | — | — | — | 454,115.00 | 449,573.00 | 0.02 |
| B8ACGKCY6 | Convergeone Hldgs Inc - Equity | — | — | — | 200,211.00 | 600,633.00 | 0.02 |
| B8ACXD562 | NEW Generation Gas Gathering Llc | — | 4.32 | 09/30/2029 | 567,568.00 | 559,054.00 | 0.02 |
| BL3910900 | Lightstone Holdco Llc | LGHTGN | 10.03 | 01/29/2027 | 399,499.00 | 398,874.00 | 0.02 |
| BL4753960 | BCP Vi Summit Holdings L | BCSUHO | 7.83 | 01/30/2032 | 600,000.00 | 603,000.00 | 0.02 |
| 019576AC1 | Allied Universal Holdco Llc / Allied Uni | UNSEAM | 6.0 | 06/01/2029 | 400,000.00 | 389,081.00 | 0.02 |
| 126307AS6 | CSC Holdings Llc | CSCHLD | 5.38 | 02/01/2028 | 475,000.00 | 437,003.00 | 0.02 |
| B8AC2XW47 | Heritage Pwr Llc | — | — | — | 8,021.00 | 523,037.00 | 0.02 |
| B8A9598C3 | Ferrellgas Escrow Llc 3/30/31 Preferred | — | 8.96 | 03/30/2031 | 488,000.00 | 488,000.00 | 0.02 |
| 91282CMH1 | United States Treasury Note/bond | T | 4.13 | 01/31/2027 | 425,000.00 | 425,415.00 | 0.02 |
| 91282CLY5 | United States Treasury Note/bond | T | 4.25 | 11/30/2026 | 600,000.00 | 601,125.00 | 0.02 |
| 5B3BAL81BV | Gbp/usd Fwd 20250804 Bnpafrpp | GBP | — | 08/04/2025 | -11,374,918.00 | 445,834.00 | 0.02 |
| 527298CB7 | Level 3 Financing Inc | LVLT | 4.88 | 06/15/2029 | 150,000.00 | 141,019.00 | 0.01 |
| 897051AC2 | Tronox Inc | TROX | 4.63 | 03/15/2029 | 175,000.00 | 135,728.00 | 0.01 |
| 92840JAB5 | Vistajet Malta Finance Plc / Vista Manag | VSTJET | 6.38 | 02/01/2030 | 375,000.00 | 354,375.00 | 0.01 |
| 829259AW0 | Sinclair Television Group Inc | SBGI | 5.13 | 02/15/2027 | 200,000.00 | 193,098.00 | 0.01 |
| 829259BH2 | Sinclair Television Group Inc | SBGI | 8.13 | 02/15/2033 | 200,000.00 | 204,539.00 | 0.01 |
| B8ACA1AA8 | Digicel Intl Fin Ltd | — | — | — | 17,997.00 | 213,759.00 | 0.01 |
| B0G1ND27S7 | Gbp/usd Fwd 20250902 2568 | GBP | — | 09/02/2025 | -7,909,680.00 | 186,720.00 | 0.01 |
| 126307AQ0 | CSC Holdings Llc | CSCHLD | 5.5 | 04/15/2027 | 200,000.00 | 193,645.00 | 0.01 |
| 126307BB2 | CSC Holdings Llc | CSCHLD | 4.13 | 12/01/2030 | 200,000.00 | 134,365.00 | 0.01 |
| 126307BD8 | CSC Holdings Llc | CSCHLD | 4.63 | 12/01/2030 | 700,000.00 | 327,329.00 | 0.01 |
| 126307BF3 | CSC Holdings Llc | CSCHLD | 3.38 | 02/15/2031 | 200,000.00 | 131,662.00 | 0.01 |
| 12687GAA7 | Cablevision Lightpath Llc | CVLGHT | 3.88 | 09/15/2027 | 200,000.00 | 197,982.00 | 0.01 |
| 12687GAB5 | Cablevision Lightpath Llc | CVLGHT | 5.63 | 09/15/2028 | 200,000.00 | 199,182.00 | 0.01 |
| 39809GAA3 | Greywolf Clo Vi Ltd | GWOLF | 5.61 | 04/26/2031 | 178,135.00 | 178,237.00 | 0.01 |
| 25470XBB0 | DISH Dbs Corp | DISH | 7.38 | 07/01/2028 | 350,000.00 | 268,573.00 | 0.01 |
| 25470XBD6 | DISH Dbs Corp | DISH | 5.13 | 06/01/2029 | 450,000.00 | 328,231.00 | 0.01 |
| BL4629871 | Aventiv Technologies Llc | SECRUS | 12.06 | 03/25/2026 | 269,010.00 | 264,974.00 | 0.01 |
| BL4493666 | Flint Group Topco Ltd | FLINT | 4.64 | 12/31/2027 | 7,035,617.00 | 321,000.00 | 0.01 |
| BL3753912 | SK Neptune Husky Finance | LUINCO | 11.95 | 01/03/2029 | 6,859,378.00 | 137,187.00 | 0.01 |
| B8AD38TW1 | NEW Generation Gas - Unfunded | — | — | 09/30/2029 | 283,783.00 | 279,526.00 | 0.01 |
| B8AE3VDG0 | Clubcorp Hldgs Inc | — | — | 07/31/2032 | 261,807.00 | 259,660.00 | 0.01 |
| L8176HAF7 | Intelsat Emergence Sa | — | — | — | 28,359.00 | 330,566.00 | 0.01 |
| BL5101995 | Azuria Water Solutn Inc | AEGN | 3.75 | 05/17/2028 | 305,195.00 | 305,767.00 | 0.01 |
| BL5126596 | Reworld Holding Corp | CVA | 6.57 | 11/30/2028 | 272,024.00 | 272,024.00 | 0.01 |
| BL5126604 | Beacon Mobility Corp | BEAMOB | 3.25 | 06/17/2030 | 243,976.00 | 243,975.00 | 0.01 |
| BL4874246 | Reworld Holding Corp | CVA | 6.56 | 11/30/2028 | 171,931.00 | 172,146.00 | 0.01 |
| BL5040029 | Clydesdale Acquisition | NOVHOL | 7.58 | 04/01/2032 | 126,289.00 | 126,174.00 | 0.01 |
| BL4990315 | Sinclair Television Grou | SBGI | 7.74 | 12/31/2029 | 279,300.00 | 256,956.00 | 0.01 |
| OEU5 COMDT | Euro-bobl Future Sep25 | OEU5 | — | 09/08/2025 | -1,739,771.00 | 10,959.00 | 0.00 |
| RXU5 COMDT | Euro-bund Future Sep25 | RXU5 | — | 09/08/2025 | -1,036,095.00 | 8,974.00 | 0.00 |
| L5217E120 | Intelsat Emergence Sa | — | — | — | 28,359.00 | 2.00 | 0.00 |
| FKOPJG4QMA | Eur/usd Fwd 20250804 Msnyus33 | EUR | — | 08/04/2025 | 453,739.00 | -16,558.00 | 0.00 |
| SWB8AE6CWV | Trswap: Ibxxlltr Index 09/22/2025 Mslsw_ | — | — | 09/22/2025 | 222,074.00 | 21,630.00 | 0.00 |
| WNU5 COMDT | US Ultra Bond Cbt Sep25 | WNU5 | — | 09/19/2025 | 1,642,375.00 | 42,500.00 | 0.00 |
| TUU5 COMDT | US 2yr Note (cbt) Sep25 | TUU5 | — | 09/30/2025 | -72,237,547.00 | 82,430.00 | 0.00 |
| B8AE1JR66 | Mitel Networks Intl Lt | — | — | — | 125,642.00 | 1,256.00 | 0.00 |
| B8ACTA7D6 | Procera Ii Lp And New Procera Gp C | — | — | — | 156,835.00 | 15.00 | 0.00 |
| B8ACMP799 | Sound Inpatient Physicians Inc- Class A | — | — | — | 10,144,042.00 | 1,014.00 | 0.00 |
| B8AD73HC5 | Xplornet - Contingent Value Rights | — | — | — | 11,734.00 | 1.00 | 0.00 |
| B8AD9KJQ2 | Diamond Sports Grp Llc- Warrants | — | — | — | 456,793.00 | 87,886.00 | 0.00 |
| BL4655009 | Brewco Borrower Llc | CTYBRW | 9.56 | 04/05/2028 | 8,917,551.00 | 22,293.00 | 0.00 |
| 25381HAD0 | Digicel Group Holdings Ltd | DLLTD | — | 12/31/2030 | 149,444.00 | 14.00 | 0.00 |
| 25381HAM0 | Digicel Group Holdings Ltd | DLLTD | — | 12/31/2030 | 196,977.00 | 0.00 | 0.00 |
| 126307BA4 | CSC Holdings Llc | CSCHLD | 5.75 | 01/15/2030 | 200,000.00 | 98,451.00 | 0.00 |
| 021ESCAG3 | ALTA Mesa Holdings Lp / Alta Mesa Financ | ALTMES | — | 12/15/2025 | 6,725,000.00 | 6.00 | 0.00 |
| B8ABZ0LS4 | Campfire Topco Ltd | — | — | — | 4,988,976.00 | 569.00 | 0.00 |
| B8AC2XW54 | Heritage Pwr Llc | — | — | — | 209,883.00 | 104,941.00 | 0.00 |
| 75026JAH3 | Radiate Holdco Llc / Radiate Finance Inc | RADIAT | 9.25 | 03/25/2030 | 166,000.00 | 116,203.00 | 0.00 |
| 69344A883 | PGIM Floating Rate Income Etf | PFRL | — | — | 500 | 25,172.00 | 0.00 |
| 70FL1TMK7Q | Gbp/usd Fwd 20250804 2568 | GBP | — | 08/04/2025 | 11,374,918.00 | -317,860.00 | -0.01 |
| TYU5 COMDT | US 10yr Note (cbt)sep25 | TYU5 | — | 09/19/2025 | -23,434,188.00 | -219,368.00 | -0.01 |
| USU5 COMDT | US Long Bond(cbt) Sep25 | USU5 | — | 09/19/2025 | -7,422,188.00 | -186,459.00 | -0.01 |
| FVU5 COMDT | US 5yr Note (cbt) Sep25 | FVU5 | — | 09/30/2025 | -179,673,484.00 | -558,563.00 | -0.02 |
| EDSCMBHTLO | Eur/usd Fwd 20250804 57918 | EUR | — | 08/04/2025 | 34,216,133.00 | -1,057,260.00 | -0.04 |
The CUSIP information contained in pgimfunds.com and/or prudential.com consists of security identifiers and related descriptive information (“the CUSIP Database”) and is protected under the copyright laws and is licensed with permission from CUSIP Global Services (“CGS”), on behalf of the American Bankers Association (“ABA”).
VISITOR agrees and acknowledges that the CUSIP Database and the information contained therein is and shall remain valuable intellectual property owned by, or licensed to, CGS and ABA, and that no proprietary rights are being transferred to VISITOR in such materials or in any of the information contained therein by virtue of VISITOR’s use of Subscriber’s Web Site. Any use of the CUSIP Database by VISITOR outside of the clearing and settlement of transactions may require a license from CGS, along with an associated fee based on usage.
VISITOR agrees that misappropriation or misuse of such materials will cause serious damage to CGS and ABA, and that in such event, money damages may not constitute sufficient compensation to CGS and ABA; consequently, VISITOR agrees that in the event of any misappropriation or misuse, CGS and ABA shall have the right to obtain injunctive relief in addition to any other legal or financial remedies to which CGS and ABA may be entitled.
VISITOR agrees that VISITOR shall not publish or distribute in any medium the CUSIP Database or any substantial portion of the information contained therein or summaries or subsets thereof to any person or entity unless permitted by a direct agreement with CGS. VISITOR may not create or maintain a master file or database of CUSIP identifiers or descriptions for itself or any third party recipient that is intended to serve as a substitute for any CUSIP service.
VISITOR agrees not to:
(a) Violate the restrictions in any robot inclusion headers on the Subscriber Web Site or in any way bypass or circumvent any other measure employed to limit or prevent access to the CUSIP Database on the Subscriber Web Site;
(b) Violate the security of the Subscriber Web Site or attempt to gain unauthorized access to the Web Site, CUSIP Database, materials, information, computer systems or networks connected to Subscriber server, through hacking, password mining or any other means; or
(c) Interfere or attempt to interfere with the proper working of the Subscriber Web Site or any activities conducted on or through the Subscriber Web Site, including accessing any CUSIP Database, content or other information prior to the time that is intended to be available to the public on the Subscriber Web Site;
NEITHER CGS, ABA NOR ANY OF THEIR AFFILIATES MAKE ANY WARRANTIES, EXPRESS OR IMPLIED, AS TO THE ACCURACY, ADEQUACY OR COMPLETENESS OF ANY OF THE INFORMATION CONTAINED IN THE CUSIP DATABASE. ALL SUCH MATERIALS ARE PROVIDED TO VISITOR ON AN “AS IS” BASIS, WITHOUT ANY WARRANTIES AS TO MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE NOR WITH RESPECT TO THE RESULTS WHICH MAY BE OBTAINED FROM THE USE OF SUCH MATERIALS. NEITHER CGS, ABA NOR THEIR AFFILIATES SHALL HAVE ANY RESPONSIBILITY OR LIABILITY FOR ANY ERRORS OR OMISSIONS NOR SHALL THEY BE LIABLE FOR ANY DAMAGES, WHETHER DIRECT OR INDIRECT, SPECIAL OR CONSEQUENTIAL, EVEN IF THEY HAVE BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. IN NO EVENT SHALL THE LIABILITY OF CGS, ABA OR ANY OF THEIR AFFILIATES PURSUANT TO ANY CAUSE OF ACTION, WHETHER IN CONTRACT, TORT, OR OTHERWISE, EXCEED THE FEE PAID BY VISITOR FOR ACCESS TO SUCH MATERIALS IN THE MONTH IN WHICH SUCH CAUSE OF ACTION IS ALLEGED TO HAVE ARISEN. FURTHERMORE, CGS AND ABA SHALL HAVE NO RESPONSIBILITY OR LIABILITY FOR DELAYS OR FAILURES DUE TO CIRCUMSTANCES BEYOND THEIR CONTROL.
VISITOR agrees that the foregoing terms and conditions shall survive any termination of its right of access to the materials identified above.
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.
Brian Juliano, Parag Pandya, Robert Cignarella, Robert Meyer and Michael Haigh of PGIM Fixed Income are primarily responsible for management of the PGIM Floating Rate Income Fund.
Brian Juliano
Managing Director and Head of the U.S. Leveraged Loan Team
Brian Juliano is a Managing Director and Head of the U.S. Leveraged Loan Team for PGIM Fixed Income.
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.
Parag Pandya, CFA
Principal and Portfolio Manager for PGIM Fixed Income's U.S. Leveraged Loan Team
Parag Pandya, CFA, is a Principal and portfolio manager for PGIM Fixed Income's U.S. Leveraged Loan Team.
Robert Meyer, CFA
Principal for PGIM Fixed Income's U.S. Leveraged Loan Team
|PGIM Fixed Income
Robert Meyer, CFA, is a Principal for the PGIM Fixed Income's U.S. Leveraged Loan Team.
Michael Haigh, CFA
Principal and Portfolio Manager for PGIM Fixed Income's U.S. Leveraged Loan Team
|PGIM Fixed Income
Michael Haigh, CFA, is a Principal and Portfolio Manager for PGIM Fixed Income's U.S. Leveraged Loan Team.
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. Standard Deviation depicts how widely returns vary around its average and is used to understand the range of returns most likely for a given fund. A higher standard deviation generally implies greater volatility. 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.
© 2025 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.
The S&P UBS Leveraged Loan Index is unmanaged and represents the investable universe of the dollar-denominated leveraged loan market. An investment cannot be made directly in an index.
The S&P UBS Leveraged Loan Index is a product of S&P Dow Jones Indices LLC and/or its affiliates and has been licensed for use by PGIM Investments. Copyright © 2025 S&P Dow Jones Indices LLC, a division of S&P Global, Inc., and/or its affiliates. All rights reserved. Redistribution or reproduction in whole or in part are prohibited without written permission of S&P Dow Jones Indices LLC. For more information on any of S&P Dow Jones Indices LLC’s indices please visit www.spdji.com. S&P® is a registered trademark of S&P Global and Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC.
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, 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 | 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.
4448683 Ed. 10/2024
Fund Literature
| document name | audience | updated | order code |
|---|
