PGIM Credit Income Fund (Interval Fund) (PGIWX)
Seeks total return, through a combination of current income and capital appreciation.
FUND INFORMATION
Fund Statistics
|
Name
|
Weight
|
|---|---|
| Average Maturity (years) | 11.1 |
| Duration (years) | 2.4 |
Investing in the PGIM Credit Income Fund (the “Fund”) involves risks, including the risk that a shareholder may receive little or no return on his or her investment or that a shareholder may lose part or all of his or her investment. The Fund should be considered a speculative investment that entails substantial risks, and a prospective investor should invest in the Fund only if they can sustain a complete loss of their investment. Below is a summary of some of the principal risks of investing in the Fund:
- No History of Operations, as the Fund is a recently organized, diversified, closed-end management investment company with no history of operations or public trading and is subject to all of the business risks and uncertainties associated with any new business;
- General, Market and Economic Risks which involves certain risks and the Fund may not be able to achieve its intended results for a variety of reasons, including, among others, the possibility that the Fund may not be able to successfully implement its investment strategy because of market, economic, regulatory, geopolitical and other conditions (including those associated with COVID-19 or other infectious disease outbreaks);
- Repurchase Offers Risk in which the Fund is an “interval fund” and, in order to provide liquidity to shareholders, the Fund, subject to applicable law, will conduct quarterly repurchase offers of the Fund’s outstanding common shares of beneficial interest (“Common Shares”) at NAV. There is no secondary market for the fund’s shares and none is expected to develop. Investors should consider shares of the fund to be an illiquid investment;
- Illiquid Investment Risk, to the extent consistent with the applicable liquidity requirements for interval funds under Rule 23c-3 of the Investment Company Act of 1940 (the “1940 Act”), the Fund may invest without limit in illiquid securities;
- Distributions Risk, as there can be no assurance that the Fund will achieve investment results that will allow the Fund to make a specified level of cash distributions or maintain certain levels of cash distributions. Distributions may constitute return of capital and may reduce an investor's adjusted tax basis. Any capital returned through distributions will be distributed after payment of fees and expenses;
- Liquidity Risk, as the Fund is designed primarily for long-term investors and an investment in the Fund's Common Shares should be considered illiquid;
- Valuation Risk, as the value of certain of the Fund's investments will be difficult to determine and the valuation determinations made by the Manager and Subadviser with respect to such investments will likely vary from the amounts the Fund would receive upon sale or disposition of such investments;
- Loans Risk, since the Fund’s ability to receive payments of principal and interest and other amounts in connection with loans (whether through participations, assignments or otherwise) will depend primarily on the financial condition of the borrower;
- Loan Origination Risk, as the level of analytical sophistication, both financial and legal, necessary for successful financing to companies, particularly companies experiencing significant business and financial difficulties, is high;
- Mortgage-Backed and Asset-Backed Securities Risk, as mortgage-backed securities are particularly susceptible to prepayment and extension risks, because prepayments on the underlying mortgages tend to increase when interest rates fall and decrease when interest rates rise;
- Structured Products Risk, as holders of structured product securities bear risks of the underlying investments, index or reference obligation;
- Fixed Income Instruments Risk, as fixed income instruments are subject to a number of risks, including issuer risk, interest rate risk, floating-rate and fixed-to-floating-rate risk, prepayment risk, extension risk, reinvestment risk, spread riskand credit risk
- Distressed and Defaulted Obligations Risk, as the below investment grade securities in which the Fund may invest also include, distressed, defaulted and partially defaulted loans.
- Below Investment Grade (High Yield or Junk Bond) Instruments Risk, as the Fund’s investments in below investment grade quality securities and instruments are regarded as having predominantly speculative characteristics with respect to the issuer’s capacity to pay interest and repay principal in accordance with the terms of the obligations and involve major risk exposure to adverse conditions;
- Subprime Risk, as loans and debt instruments collateralized by loans acquired by the Fund may be, or may become, subprime in quality.
- Inflation Risk, as wages and prices of inputs increasing during periods of inflation may negatively impact returns on the Fund's investments.
- Derivatives Risk, as the Fund may invest in derivative instruments, such as options contracts, futures contracts, options on futures contracts, indexed securities, credit linked notes, credit default swaps and other swap agreements for investment, hedging and risk management purposes;
- Leverage Risk, as the Fund may utilize leverage, but there can be no assurance that the Fund will do so, or that, if utilized, it will be successful during any period in which it is employed. Leverage is a speculative technique that exposes the Fund to greater risk and higher costs than if it were not implemented;
- Allocation of Investment Opportunities Risk, since certain other existing or future funds, investment vehicles and accounts managed by the Manager and its affiliates and PGIM affiliated proprietary entities invest in securities, properties and other assets in which the Fund may seek to invest;
- "Covenant-Lite" Risk, as some of the debt obligations, loans or other securities in which the Fund may invest or get exposure to may be "covenant-lite", which means the loans or obligations containe fewer financial maintenance covenants than other loans or obligations (in some cases, none).
- Repurchase Agreement Risk, as repurchase agreements could involve certain risk in the event of default or insolvency of the seller, including losses and possible delays or restrictions upon the Fund's ability to dispose of the underlying securities.
- U.S. Government and Agency Securities Risk, as U.S. Government and agency securities are subject to market risk, interest rate risk and credit risk. Not all U.S. Government securities are insured or guaranteed by the full faith and credit of the U.S. Government; some are only insured or guaranteed by the issuing agency, which must rely on its own resources to repay the debt.
- Privately Issued Mortgage-Related Securities Risk, as there are no direct or indirect government or agency guarantees of payments in pools created by non-governmental issuers. Privately issued mortgage-related securities are also not subject to the same underwriting requirements for the underlying mortgages that are applicable to those mortgage-related securities that have a government or government-sponsored entity guarantee.
- Senior Debt Risk, as the restrictions on transfers in loan agreements, a lack of publicly available information and other factors may, in certain instances, make senior debt in which the Fund may invest more difficult to sell at an advantageous time or price than other types of securities or instruments.
- Confidential Information Access Risk, as the Fund's subadviser may from time to time have the opportunity to receive material, non-public information about the issuers of certain investments, including, without limitation, senior floating rate loans, other loans and related investments being considered for acquisition by the Fund or held in the Fund’s portfolio.
- Private Placements Risk, as any securities received by the Fund in a private placement generally are subject to strict restrictions on resale, and there may be no liquid secondary market or ready purchaser for such securities.
- Non-U.S. Investment Risks, as the Fund may invest in non-U.S. investments, which may include investments denominated in U.S. dollars or in non-U.S. currencies, to the extent permitted by the 1940 Act.
Diversification does not assure a profit or protect against loss in declining markets. These risks may increase the Fund’s share price volatility. The risks associated with the Fund are more fully explained in the prospectus. There is no guarantee the Fund’s investment objective will be achieved.
- Monthly & Quarterly Performance
- Prices & Yields
Total Returns (%)
| TOTAL RETURNS (%) WITH SALES CHARGE WITHOUT SALES CHARGE | |||||||
|---|---|---|---|---|---|---|---|
| Cumulative | Average Annual | ||||||
| Class | Ticker | YTD | 1-Yr | 3-Yr | 5-Yr | 10-Yr | Since Inception |
Past performance does not guarantee future results and current performance may be lower or higher than the past performance data quoted. The investment return and principal value will fluctuate, and shares, when sold, may be worth more or less than the original cost.
See Daily Returns for the PGIM Credit Income Fund.
See Performance of other PGIM Investments Mutual Funds.
See Calendar Year Performance for the PGIM Credit Income Fund.
See Daily Returns for the PGIM Credit Income Fund.
See Quarterly SEC Standardized Performance of other PGIM Investments Mutual Funds.
See Calendar Year Performance for the PGIM Credit Income Fund.
|
Fund Expenses
|
Maximum sales charge (%)
|
|||
|---|---|---|---|---|
|
Class
|
Gross (%)
|
Net (%)
|
Date*
|
|
| A | 89.57 | 3.80 | 12/06/2026 | — |
| C | 91.11 | 4.05 | 12/06/2026 | — |
| Z | 4.06 | 3.05 | 12/06/2026 | — |
*This date represents the contractual reduction date through which the net expense ratio is in effect.
Total return describes the return to the investor after net operating expenses but before any sales charges are imposed. If included, performance would be reduced. Total Returns (%) (With Sales Charges) 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.
Prices
|
Class
|
NAV ($)
|
NAV Change ($)
|
NAV Change (%)
|
POP ($)
|
Total Net Assets ($)
|
|---|---|---|---|---|---|
| A | 24.88 |
0.00
|
0.00 | 25.65 | 10,415.87 |
| C | 24.95 |
-0.01
|
-0.04 | — | 10,404.56 |
| Z | 24.97 |
0.00
|
0.00 | — | 107,841,814.23 |
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 ($)
|
52 Week Low Date
|
|---|---|---|---|---|
| A | 26.19 | 09/27/2024 | 23.92 | 04/09/2025 |
| C | 26.17 | 09/27/2024 | 23.98 | 04/09/2025 |
| Z | 26.20 | 09/27/2024 | 24.00 | 04/09/2025 |
For share classes less than one year old, the 52-week high and 52-week low NAVs are calculated from inception to the current date.
See Yields of other PGIM Investments Mutual Funds.
Past performance does not guarantee future results and current performance may be lower or higher than the past performance data quoted. The investment return and principal value will fluctuate, and shares, when sold, may be worth more or less than the original cost.
This material must be preceded or accompanied by a current prospectus or summary prospectus. Consider a fund's investment objectives, risks, charges, and expenses carefully before investing. The prospectus and summary prospectus contain this and other information about the fund. For more information about a fund, click on the prospectus or summary prospectus link above. Read them carefully before investing.
- Portfolio Summary
- Complete Holdings
Portfolio Attributes
All data is unaudited and subject to change. Holdings/allocations may vary. Total number of holdings based on issuers. Largest holdings excludes cash, cash equivalents, money market funds and enhanced cash strategies. This is not a recommendation to buy or sell any security listed. Largest holdings exclude cash, cash equivalents, money market funds and enhanced cash strategies. Negative holdings reflect outstanding trades at period end.
Fund Holdings
Holdings are unaudited, may vary and are subject to change. Please refer to the Fund's annual report for audited holdings information. This is not a recommendation to buy or sell any security listed.
Value ($): Cash securities are calculated using market value and derivative securities are calculated using notional value.
Source: Bank of New York Mellon. Holdings are provided to Prudential Financial by the custodian bank and Prudential Financial is not responsible for any errors or omissions related to the holdings data.
© 2025, American Bankers Association. CUSIP Database provided by FactSet Research Systems Inc. All rights reserved.
Consider a fund's investment objectives, risks, charges and expenses carefully before investing. The prospectus and summary prospectus contain this and other information about the fund. For more information about a fund, click on the prospectus or summary prospectus link above. Read them carefully before investing.
Investment products are distributed by Prudential Investment Management Services LLC, 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
|
|---|---|---|---|---|---|---|---|
| CURRENCY | Currency | — | — | — | 3,278,335.00 | 3,864,568.00 | 3.43 |
| BKLXG54 | Virgin Media Secured Finance Plc | VMED | 4.25 | 01/15/2030 | 2,275,000.00 | 2,841,104.00 | 2.52 |
| 92840MAC6 | Vistra Corp | VST | 7.0 | 06/15/2174 | 2,300,000.00 | 2,327,683.00 | 2.07 |
| 097751CA7 | Bombardier Inc | BBDBCN | 8.75 | 11/15/2030 | 2,000,000.00 | 2,164,735.00 | 1.92 |
| 88676NBA4 | Tikehau Us Clo Iii Ltd | TKO | 9.42 | 01/20/2036 | 2,000,000.00 | 2,001,900.00 | 1.78 |
| 629377CU4 | NRG Energy Inc | NRG | 10.25 | 09/15/2173 | 1,800,000.00 | 1,994,077.00 | 1.77 |
| 69391NAA9 | PMT Credit Risk Transfer Trust 2024-2r | PMTCR | 7.66 | 03/29/2027 | 1,793,337.00 | 1,834,507.00 | 1.63 |
| B8AC6L2G5 | Hurricane Cleanco Limited | — | 6.25 | 10/31/2029 | 1,300,434.00 | 1,838,592.00 | 1.63 |
| 73015AAA5 | PMT Credit Risk Transfer Trust 2024-1r | PMTCR | 7.81 | 05/25/2033 | 1,783,050.00 | 1,826,583.00 | 1.62 |
| BMVMCH9 | Bellis Finco Plc | ASSDLN | 4.0 | 02/16/2027 | 1,325,000.00 | 1,808,939.00 | 1.61 |
| XS28110889 | Monument Clo 1 Dac | MNMNT | 6.49 | 05/15/2037 | 1,500,000.00 | 1,790,709.00 | 1.59 |
| XS26150064 | Monitchem Holdco 3 Sa | CABBCO | 8.75 | 05/01/2028 | 1,445,000.00 | 1,713,048.00 | 1.52 |
| 36267QAA2 | CLUE Opco Llc | FWRD | 9.5 | 10/15/2031 | 1,613,000.00 | 1,709,674.00 | 1.52 |
| 25470MAG4 | DISH Network Corp | DISH | 11.75 | 11/15/2027 | 1,525,000.00 | 1,570,132.00 | 1.39 |
| 74440E201 | PGIM Core Ultra Short Bond Fund | — | 4.53 | 12/01/2099 | 1,516,752.00 | 1,516,752.00 | 1.35 |
| 98877JAG7 | Z CApital Credit Partners Bsl Clo 2024-1 | ZBSL | 7.91 | 04/16/2036 | 1,500,000.00 | 1,511,702.00 | 1.34 |
| 223929AJ9 | CQS Us Clo 2023-3 Ltd | CQS | 8.48 | 01/25/2037 | 1,500,000.00 | 1,513,529.00 | 1.34 |
| XS27199989 | EG Global Finance Plc | EGBLFN | 11.0 | 11/30/2028 | 1,085,000.00 | 1,404,681.00 | 1.25 |
| 983793AK6 | XPO Inc | XPO | 7.13 | 02/01/2032 | 1,225,000.00 | 1,283,013.00 | 1.14 |
| 95003EAE6 | Wells Fargo Commercial Mortgage Trust 20 | WFCM | 6.83 | 05/15/2031 | 1,300,000.00 | 1,287,224.00 | 1.14 |
| 527298BV4 | Level 3 Financing Inc | LVLT | 11.0 | 11/15/2029 | 1,100,000.00 | 1,265,827.00 | 1.12 |
| 172967MV0 | Citigroup Inc | C | 3.88 | 05/18/2174 | 1,233,000.00 | 1,216,937.00 | 1.08 |
| XS27989855 | Nassau Euro Clo Iv Dac | NGCE | 6.19 | 07/20/2038 | 1,000,000.00 | 1,197,345.00 | 1.06 |
| XS28075106 | Carlyle Euro Clo 2022-5 Dac | CGMSE | 6.31 | 04/25/2037 | 1,000,000.00 | 1,180,377.00 | 1.05 |
| XS28315261 | Barings Euro Clo 2024-1 Dac | BABSE | 6.74 | 07/20/2037 | 1,000,000.00 | 1,181,573.00 | 1.05 |
| XS29045637 | Hayfin Emerald Clo V Dac | HAYEM | 6.29 | 11/17/2037 | 1,000,000.00 | 1,182,031.00 | 1.05 |
| B8ADKYD51 | Constellation Automotive Grp Ltd | — | 8.59 | 02/28/2031 | 1,000,000.00 | 1,169,115.00 | 1.04 |
| B8ADKY7N9 | Voodoo Sas | — | — | 02/28/2030 | 1,000,000.00 | 1,148,939.00 | 1.02 |
| 04940AAL6 | Atlas Senior Loan Fund Ltd | ATCLO | 8.23 | 01/20/2034 | 1,100,000.00 | 1,100,380.00 | 0.98 |
| 443628AH5 | Hudbay Minerals Inc | HBMCN | 6.13 | 04/01/2029 | 1,050,000.00 | 1,063,650.00 | 0.94 |
| 552953CH2 | MGM Resorts International | MGM | 4.75 | 10/15/2028 | 1,075,000.00 | 1,061,708.00 | 0.94 |
| BNZHNG3 | Bellis Acquisition Co Plc | ASSDLN | 8.13 | 05/14/2030 | 825,000.00 | 1,063,074.00 | 0.94 |
| 74970WAJ9 | ROCK Trust 2024-cntr | ROCC | 8.82 | 11/01/2041 | 1,000,000.00 | 1,052,077.00 | 0.93 |
| 12769GAA8 | Caesars Entertainment Inc | CZR | 4.63 | 10/15/2029 | 1,100,000.00 | 1,049,914.00 | 0.93 |
| 92987LAL1 | Wharf Commercial Mortgage Trust 2025-dc | WHARF | 7.72 | 07/01/2040 | 1,000,000.00 | 1,024,404.00 | 0.91 |
| XS30533663 | Taurus Cmbs | TAURS | — | 07/20/2035 | 750,000.00 | 1,029,487.00 | 0.91 |
| 67118VAJ8 | OFSI Bsl Clo Xiii Ltd | OFSBS | 8.77 | 04/20/2037 | 1,000,000.00 | 1,008,820.00 | 0.90 |
| 06875VAJ9 | Barrow Hanley Clo Iii Ltd | BARHN | 8.42 | 04/20/2037 | 1,000,000.00 | 1,013,069.00 | 0.90 |
| 431318BC7 | Hilcorp Energy I Lp / Hilcorp Finance Co | HILCRP | 8.38 | 11/01/2033 | 975,000.00 | 1,012,335.00 | 0.90 |
| 48255UAS3 | KKR Clo 43 Ltd | KKR | 9.21 | 01/15/2036 | 1,000,000.00 | 1,010,009.00 | 0.90 |
| 37186XAY1 | Genesis Sales Finance Master Trust | GSFMT | 6.26 | 12/20/2032 | 1,000,000.00 | 1,006,312.00 | 0.89 |
| 28623MBA6 | Elevation Clo 2021-12 Ltd | AWPT | 9.63 | 04/20/2037 | 1,000,000.00 | 1,001,105.00 | 0.89 |
| 82811AAJ3 | Silver Rock Clo Iii | SLVRK | 9.32 | 01/20/2036 | 1,000,000.00 | 1,000,419.00 | 0.89 |
| BL5098621 | Brookfield Ppty Ret Hld | BPYU | 3.5 | 05/28/2030 | 1,000,000.00 | 998,125.00 | 0.89 |
| 67120UAN7 | NYC Commercial Mortgage Trust 2025-3bp | NYC | 7.85 | 02/15/2042 | 1,000,000.00 | 986,381.00 | 0.88 |
| 05613UAJ0 | BX Trust 2025-dime | BX | 7.31 | 02/15/2030 | 1,000,000.00 | 992,193.00 | 0.88 |
| 05592AAL4 | BPR Trust 2021-ty | BPR | 6.78 | 09/25/2038 | 1,000,000.00 | 993,790.00 | 0.88 |
| 12433CAG0 | BX Commercial Mortgage Trust 2024-airc | BX | 7.4 | 08/15/2039 | 970,720.00 | 974,267.00 | 0.87 |
| 38144GAG6 | Goldman Sachs Group Inc/the | GS | 3.65 | 02/10/2173 | 1,000,000.00 | 979,268.00 | 0.87 |
| 66858HBG0 | Northwoods Capital 22 Ltd | WOODS | 9.27 | 09/16/2031 | 950,000.00 | 950,504.00 | 0.84 |
| 682413AG4 | ONE 2021-park Mortgage Trust | ONP | 5.93 | 03/15/2036 | 1,000,000.00 | 938,467.00 | 0.83 |
| 123912AJ6 | BX Trust 2025-tail | BX | 7.61 | 06/15/2035 | 940,000.00 | 940,194.00 | 0.83 |
| 05555HAN0 | BFLD 2024-wrhs Mortgage Trust | BFLD | 8.0 | 08/15/2026 | 926,997.00 | 924,679.00 | 0.82 |
| 91282CLK5 | United States Treasury Note/bond | T | 3.63 | 08/31/2029 | 915,000.00 | 910,567.00 | 0.81 |
| 880349AU9 | Tenneco Inc | TEN | 8.0 | 11/17/2028 | 900,000.00 | 889,944.00 | 0.79 |
| 23918KAT5 | Davita Inc | DVA | 3.75 | 02/15/2031 | 975,000.00 | 886,694.00 | 0.79 |
| B8ADUQNJ6 | Nidda Healthcare Hldg Gmbh | — | — | 05/31/2032 | 650,000.00 | 892,222.00 | 0.79 |
| 109641AK6 | Brinker International Inc | EAT | 8.25 | 07/15/2030 | 825,000.00 | 879,612.00 | 0.78 |
| 978097AG8 | Wolverine World Wide Inc | WWW | 4.0 | 08/15/2029 | 975,000.00 | 873,810.00 | 0.78 |
| 00834BAK3 | Affirm Asset Securitization Trust 2024-a | AFFRM | 9.17 | 02/15/2029 | 850,000.00 | 859,136.00 | 0.76 |
| B8ADVZ4C1 | Denali Intermediate Hldg Inc | — | — | 05/31/2032 | 848,345.00 | 839,861.00 | 0.75 |
| 845467AT6 | Expand Energy Corp | EXE | 4.75 | 02/01/2032 | 850,000.00 | 825,385.00 | 0.73 |
| XS27199998 | EG Global Finance Plc | EGBLFN | 11.0 | 11/30/2028 | 625,000.00 | 810,230.00 | 0.72 |
| BMYGPJ1 | Preem Holdings Ab | PREEM | 12.0 | 06/30/2027 | 656,000.00 | 797,230.00 | 0.71 |
| 89116CKP1 | Toronto-dominion Bank/the | TD | 7.25 | 07/31/2084 | 785,000.00 | 803,643.00 | 0.71 |
| 105756CM0 | Brazilian Government International Bond | BRAZIL | 5.5 | 11/06/2030 | 800,000.00 | 801,600.00 | 0.71 |
| 780082AR4 | Royal Bank Of Canada | RY | 7.5 | 05/02/2084 | 750,000.00 | 773,743.00 | 0.69 |
| B8ACXJ742 | Dukes Education Group Ltd | — | 9.96 | 11/25/2028 | 543,532.00 | 746,079.00 | 0.66 |
| 05593VAN3 | BX Trust 2025-roic | BX | 7.25 | 03/15/2030 | 750,000.00 | 735,042.00 | 0.65 |
| 08163XAC7 | Benchmark 2024-v5 Mortgage Trust | BMARK | 3.2 | 01/01/2057 | 8,000,000.00 | 731,104.00 | 0.65 |
| BRCD5D3 | Grifols Sa | GRFSM | 7.13 | 05/01/2030 | 580,000.00 | 708,021.00 | 0.63 |
| 05555VAC3 | BFLD 2024-vict Mortgage Trust | BFLD | 6.9 | 07/15/2041 | 700,000.00 | 698,250.00 | 0.62 |
| 62886HBN0 | NCL Corp Ltd | NCLH | 8.13 | 01/15/2029 | 650,000.00 | 683,403.00 | 0.61 |
| XS29305389 | LUGO Funding Dac | LUGO | 4.05 | 05/26/2066 | 600,000.00 | 686,590.00 | 0.61 |
| 983133AA7 | WYNN Resorts Finance Llc / Wynn Resorts | WYNFIN | 5.13 | 10/01/2029 | 675,000.00 | 669,725.00 | 0.59 |
| BL0HM90 | Ivory Coast Government International Bon | IVYCST | 5.88 | 10/17/2031 | 600,000.00 | 667,676.00 | 0.59 |
| 09660QAA2 | BMO 2024-5c3 Xd | BMO | 3.09 | 02/01/2057 | 7,250,000.00 | 649,536.00 | 0.58 |
| BL4795565 | Hudson River Trading Llc | HURVTR | 7.33 | 03/18/2030 | 643,278.00 | 644,350.00 | 0.57 |
| 081927AH8 | Benchmark 2024-v6 Mortgage Trust | BMARK | 3.5 | 03/01/2057 | 6,000,000.00 | 628,749.00 | 0.56 |
| BNXM9K6 | Herens Midco Sarl | LNZING | 5.25 | 05/15/2029 | 710,000.00 | 611,869.00 | 0.54 |
| BL5040797 | Asterix Acquico Gmbh | ASACQG | 6.94 | 03/29/2032 | 500,000.00 | 585,846.00 | 0.52 |
| B8ADAMRM6 | International Park Hldgs Bv | — | 8.1 | 12/31/2031 | 500,000.00 | 585,759.00 | 0.52 |
| 445545AX4 | Hungary Government International Bond | REPHUN | 6.75 | 09/23/2055 | 565,000.00 | 569,520.00 | 0.51 |
| 131347CP9 | Calpine Corp | CPN | 4.63 | 02/01/2029 | 575,000.00 | 567,400.00 | 0.50 |
| BL5083276 | Voyager Parent Llc | EVRI | 4.75 | 05/09/2032 | 575,000.00 | 568,223.00 | 0.50 |
| 44267DAE7 | Howard Hughes Corp/the | HHH | 4.13 | 02/01/2029 | 575,000.00 | 547,270.00 | 0.49 |
| 579063AB4 | Mcafee Corp | MCFE | 7.38 | 02/15/2030 | 575,000.00 | 542,805.00 | 0.48 |
| 914906AU6 | Univision Communications Inc | UVN | 6.63 | 06/01/2027 | 525,000.00 | 523,727.00 | 0.47 |
| 221625AV8 | Ivory Coast Government International Bon | IVYCST | 8.08 | 04/01/2036 | 550,000.00 | 529,512.00 | 0.47 |
| BL3572783 | First Brands Group Llc | TRICGR | 13.04 | 03/30/2028 | 600,000.00 | 534,000.00 | 0.47 |
| BL5018603 | Alltech Inc | ALLTEC | 8.69 | 08/13/2030 | 522,982.00 | 523,200.00 | 0.46 |
| 1248EPCK7 | CCO Holdings Llc / Cco Holdings Capital | CHTR | 4.25 | 02/01/2031 | 548,000.00 | 511,377.00 | 0.45 |
| 603051AE3 | Mineral Resources Ltd | MINAU | 9.25 | 10/01/2028 | 500,000.00 | 511,250.00 | 0.45 |
| 63861CAE9 | Nationstar Mortgage Holdings Inc | COOP | 5.75 | 11/15/2031 | 500,000.00 | 505,296.00 | 0.45 |
| 12433FAG3 | BX Commercial Mortgage Trust 2025-spot | BX | 6.8 | 04/15/2040 | 500,000.00 | 495,006.00 | 0.44 |
| 12433FAJ7 | BX Commercial Mortgage Trust 2025-spot | BX | 8.0 | 04/15/2040 | 500,000.00 | 495,995.00 | 0.44 |
| 172967PK1 | Citigroup Inc | C | 7.13 | 11/15/2173 | 470,000.00 | 484,597.00 | 0.43 |
| 80874DAA4 | Scientific Games Holdings Lp/scientific | SCGALO | 6.63 | 03/01/2030 | 500,000.00 | 481,663.00 | 0.43 |
| BL4673614 | Harbor Freight Tools | HARFRE | 6.58 | 06/11/2031 | 496,250.00 | 484,774.00 | 0.43 |
| BL4766582 | Action Environmental Gro | ACTENV | 8.05 | 10/24/2030 | 490,297.00 | 489,070.00 | 0.43 |
| BL5035177 | IVC Acquisition Ltd | INDVET | 9.57 | 12/12/2028 | 350,000.00 | 480,255.00 | 0.43 |
| 92676XAD9 | Viking Cruises Ltd | VIKCRU | 5.88 | 09/15/2027 | 475,000.00 | 473,456.00 | 0.42 |
| B8AE266B5 | Envision Healthcare Operating Inc | — | — | 12/31/2030 | 450,000.00 | 450,000.00 | 0.40 |
| BL4990463 | GFL Es Us Llc | GFLCN | 6.82 | 03/03/2032 | 450,000.00 | 450,000.00 | 0.40 |
| BL4843290 | Sandisk Corp | SNDK | 7.32 | 02/20/2032 | 427,500.00 | 423,759.00 | 0.38 |
| BL4949832 | Clarios Global Lp | POWSOL | 7.08 | 01/28/2032 | 425,000.00 | 424,336.00 | 0.38 |
| BF2D3D5 | Eskom Holdings Soc Ltd | ESKOM | 8.45 | 08/10/2028 | 404,000.00 | 423,190.00 | 0.38 |
| B8ADQ6J27 | Doncasters Us Fin Llc | — | — | 04/01/2030 | 420,000.00 | 421,575.00 | 0.37 |
| 98313RAH9 | WYNN Macau Ltd | WYNMAC | 5.63 | 08/26/2028 | 425,000.00 | 416,818.00 | 0.37 |
| 57779EAA6 | Maxim Crane Works Holdings Capital Llc | CLDCRN | 11.5 | 09/01/2028 | 400,000.00 | 422,229.00 | 0.37 |
| 21979LAB2 | Coronado Finance Pty Ltd | CRNAU | 9.25 | 10/01/2029 | 550,000.00 | 411,125.00 | 0.37 |
| 039955AJ8 | ARES Trust 2025-ind3 | ARES1 | 6.86 | 04/15/2027 | 420,000.00 | 418,950.00 | 0.37 |
| 92332YAF8 | Venture Global Lng Inc | VENLNG | 9.0 | 03/30/2173 | 420,000.00 | 409,352.00 | 0.36 |
| BL4803666 | Qualitytech Lp | QTS | 7.81 | 11/04/2031 | 399,000.00 | 399,498.00 | 0.35 |
| BL3679885 | Upstream Newco Inc | UPSREH | 8.79 | 11/20/2026 | 497,409.00 | 385,492.00 | 0.34 |
| BL4666196 | Univision Communications | UVN | 7.94 | 01/31/2029 | 396,000.00 | 388,080.00 | 0.34 |
| BL4985299 | Boxer Parent Co Inc | BMC | 7.33 | 07/30/2031 | 370,946.00 | 368,048.00 | 0.33 |
| BL4978765 | Alliance Laundry Systems | ALH | 6.83 | 08/19/2031 | 350,000.00 | 350,364.00 | 0.31 |
| BL4985935 | Focus Financial Partners Llc | FOCS | 7.08 | 09/15/2031 | 348,250.00 | 347,379.00 | 0.31 |
| BL5019718 | RED Spv Llc | NWFOOD | 6.58 | 03/15/2032 | 350,000.00 | 349,125.00 | 0.31 |
| BL5042678 | Vista Management Holding | VSTJET | 8.05 | 03/18/2031 | 350,000.00 | 350,218.00 | 0.31 |
| BQC5P76 | Braskem Netherlands Finance Bv | BRASKM | 8.5 | 01/12/2031 | 400,000.00 | 348,400.00 | 0.31 |
| BL4643443 | Entain Plc | ENTLN | 7.05 | 10/31/2029 | 346,500.00 | 347,613.00 | 0.31 |
| 05593RAJ1 | BMO 2024-5c5 Mortgage Trust | BMO | 2.71 | 02/01/2057 | 3,975,000.00 | 337,198.00 | 0.30 |
| BL4938967 | Gloves Buyer Inc | PROINP | 8.33 | 05/21/2032 | 350,000.00 | 341,979.00 | 0.30 |
| BL4808012 | TPC Group Inc | TPCG | 9.95 | 11/21/2031 | 349,125.00 | 335,160.00 | 0.30 |
| BL5101953 | Gategroup Us Finance Inc | GATESW | 4.25 | 05/28/2032 | 325,000.00 | 324,539.00 | 0.29 |
| 854938AA5 | STAR Leasing Co Llc | TRAILR | 7.63 | 02/15/2030 | 325,000.00 | 322,200.00 | 0.29 |
| BL4630911 | NEON Maple Us Debt Merge | NVEICN | 7.33 | 11/17/2031 | 324,188.00 | 324,187.00 | 0.29 |
| BL4649028 | GEON Performance Solutio | GEPESO | 8.81 | 08/18/2028 | 345,086.00 | 326,105.00 | 0.29 |
| BL4765923 | Belron Finance 2019 Llc | BELRON | 7.05 | 10/16/2031 | 322,563.00 | 323,671.00 | 0.29 |
| BFB5ML3 | Mexico City Airport Trust | MEXCAT | 5.5 | 07/31/2047 | 400,000.00 | 329,670.00 | 0.29 |
| BL4417558 | CLUE Opco Llc | FWRD | 8.78 | 12/19/2030 | 314,444.00 | 311,771.00 | 0.28 |
| 71654QDL3 | Petroleos Mexicanos | PEMEX | 8.75 | 06/02/2029 | 300,000.00 | 310,074.00 | 0.28 |
| 31556TAA7 | Fertitta Entertainment Llc / Fertitta En | FRTITA | 4.63 | 01/15/2029 | 325,000.00 | 311,572.00 | 0.28 |
| BL5017431 | TK Elevator Us Newco Inc | THYELE | 7.24 | 04/30/2030 | 317,976.00 | 318,657.00 | 0.28 |
| BZ97T10 | Angolan Government International Bond | ANGOL | 9.5 | 11/12/2025 | 310,000.00 | 310,775.00 | 0.28 |
| BL4979144 | Mavis Tire Express Servi | EOCGRO | 7.33 | 05/04/2028 | 299,001.00 | 298,626.00 | 0.27 |
| BL5024205 | Rockpoint Gas Storage Pa | ROCGAS | 7.3 | 09/18/2031 | 304,968.00 | 305,857.00 | 0.27 |
| BL5118916 | Bingo Holdings I Llc | AGS | 4.75 | 06/13/2032 | 300,000.00 | 295,125.00 | 0.26 |
| BL4811750 | Grinding Media Inc | GRIMED | 7.83 | 10/12/2028 | 297,750.00 | 294,028.00 | 0.26 |
| BL4986859 | ECO Material Tech Inc | ECOMAT | 7.47 | 02/12/2032 | 290,000.00 | 291,450.00 | 0.26 |
| 146869AN2 | Carvana Co | CVNA | 11.0 | 06/01/2030 | 275,000.00 | 289,196.00 | 0.26 |
| BL4769248 | Jefferies Finance Llc | JEFFIN | 7.32 | 10/21/2031 | 298,500.00 | 297,380.00 | 0.26 |
| BL4760684 | Crosby Us Acquisition Corp | CROSBY | 7.83 | 08/16/2029 | 295,515.00 | 296,315.00 | 0.26 |
| BG206C3 | Angolan Government International Bond | ANGOL | 8.25 | 05/09/2028 | 300,000.00 | 283,275.00 | 0.25 |
| BL4584548 | Assuredpartners Inc | ASSPAR | 7.83 | 02/14/2031 | 266,062.00 | 266,680.00 | 0.24 |
| BL4789899 | CPI Holdco B Llc | CPIHLB | 6.58 | 05/17/2031 | 275,000.00 | 274,484.00 | 0.24 |
| BL4791242 | Inmar Inc | INMARI | 9.32 | 10/30/2031 | 273,122.00 | 273,975.00 | 0.24 |
| BL4622678 | Lumen Technologies Inc | LUMN | 6.79 | 04/15/2029 | 275,000.00 | 271,562.00 | 0.24 |
| B8ADX0WW1 | Doncasters Us Finance Llc | — | 10.8 | 04/23/2030 | 279,300.00 | 275,808.00 | 0.24 |
| B8ADGKST8 | NEW Generation Gas Gathering Llc | — | 4.34 | 09/30/2029 | 275,675.00 | 271,539.00 | 0.24 |
| 11283YAG5 | Brookfield Residential Properties Inc / | BRPCN | 5.0 | 06/15/2029 | 300,000.00 | 272,067.00 | 0.24 |
| 04433LAA0 | Ashland Inc | ASH | 3.38 | 09/01/2031 | 300,000.00 | 266,425.00 | 0.24 |
| 67091TAF2 | OCP Sa | OCPMR | 6.75 | 05/02/2034 | 260,000.00 | 268,980.00 | 0.24 |
| BL4990398 | Arsenal Aic Parent Llc | ARNC | 7.08 | 08/18/2030 | 265,490.00 | 264,826.00 | 0.24 |
| BL4978666 | Genesys Cloud Services Inc | GCTI | 6.83 | 01/30/2032 | 273,438.00 | 273,232.00 | 0.24 |
| BL4798130 | ECL Entertainment Llc | ECLENT | 7.83 | 08/31/2030 | 274,250.00 | 274,935.00 | 0.24 |
| BL4845451 | TEI Holdings Inc | CRIPRE | 8.3 | 04/09/2031 | 274,000.00 | 273,657.00 | 0.24 |
| BL4871903 | Acrisure Llc | ACRISU | 7.33 | 11/06/2030 | 271,527.00 | 270,508.00 | 0.24 |
| BL4985588 | Athenahealth Group Inc | ATHENA | 7.33 | 02/15/2029 | 276,456.00 | 275,557.00 | 0.24 |
| BL5049814 | Madison Iaq Llc | MADIAQ | 7.51 | 05/06/2032 | 275,000.00 | 275,773.00 | 0.24 |
| BL4922748 | Graftech Global Enterpri | EAF | 10.3 | 11/11/2029 | 254,545.00 | 255,500.00 | 0.23 |
| 278768AC0 | Echostar Corp | SATS | 10.75 | 11/30/2029 | 250,000.00 | 257,022.00 | 0.23 |
| BL4645844 | Doncasters Finance Us Llc | DONCAS | 10.8 | 04/23/2030 | 266,625.00 | 263,292.00 | 0.23 |
| BL4763795 | DAVE & Buster's Inc | PLAY | 7.56 | 11/01/2031 | 273,000.00 | 259,776.00 | 0.23 |
| BL4778090 | Azorra Soar Tlb Finance | AZORRA | 7.8 | 10/18/2029 | 248,125.00 | 247,814.00 | 0.22 |
| BL4789972 | MRC Global Us Inc | MRC | 7.83 | 10/29/2031 | 249,375.00 | 248,128.00 | 0.22 |
| BL3973320 | Patagonia Holdco Llc | PATAGO | 10.05 | 08/01/2029 | 309,432.00 | 249,866.00 | 0.22 |
| BL4045797 | Tenneco Inc | TEN | 9.42 | 11/17/2028 | 249,296.00 | 243,375.00 | 0.22 |
| BL4070472 | CSC Holdings Llc | CSCHLD | 8.83 | 01/18/2028 | 246,222.00 | 242,343.00 | 0.22 |
| BL3624808 | Hyster-yale Group Inc | HY | 7.94 | 05/26/2028 | 244,875.00 | 242,732.00 | 0.22 |
| 59284MAD6 | Mexico City Airport Trust | MEXCAT | 5.5 | 07/31/2047 | 300,000.00 | 247,252.00 | 0.22 |
| 70932MAC1 | Pennymac Financial Services Inc | PFSI | 5.75 | 09/15/2031 | 250,000.00 | 245,188.00 | 0.22 |
| BL4843258 | Discovery Energy Holding | DISENE | 8.05 | 05/01/2031 | 251,886.00 | 251,413.00 | 0.22 |
| BL4811982 | Cinemark Usa Inc | CNK | 7.07 | 05/24/2030 | 246,883.00 | 246,728.00 | 0.22 |
| BL4842664 | Phoenix Guarantor Inc | BRIHEA | 6.83 | 02/21/2031 | 247,506.00 | 247,987.00 | 0.22 |
| BL4978534 | Belfor Holdings Inc | BELFUS | 7.33 | 11/01/2030 | 244,463.00 | 244,462.00 | 0.22 |
| BL4978641 | Recess Holdings Inc | RECESS | 8.05 | 02/20/2030 | 248,503.00 | 248,917.00 | 0.22 |
| BL4985356 | Azuria Water Solutn Inc | AEGN | 7.33 | 05/17/2028 | 246,269.00 | 246,576.00 | 0.22 |
| BL5024569 | Loire Finco Luxembourg | LGCLTD | 8.43 | 01/31/2030 | 250,000.00 | 250,468.00 | 0.22 |
| BL5011400 | WIN Waste Innovations Ho | WHETEC | 8.19 | 03/24/2028 | 234,413.00 | 234,998.00 | 0.21 |
| 16115QAF7 | Chart Industries Inc | GTLS | 7.5 | 01/01/2030 | 225,000.00 | 235,666.00 | 0.21 |
| 44644NAD1 | Huntington Bank Auto Credit-linked Notes | HACLN | 9.55 | 05/20/2032 | 234,793.00 | 240,376.00 | 0.21 |
| 081915AB6 | Benchmark 2024-v12 Mortgage Trust | BMARK | 5.74 | 12/01/2057 | 230,000.00 | 239,553.00 | 0.21 |
| BKRZ847 | Globo Comunicacao E Participacoes Sa | GLOPAR | 4.88 | 01/22/2030 | 250,000.00 | 235,737.00 | 0.21 |
| BL3764356 | AMG Nv | AMGNA | 7.94 | 11/30/2028 | 246,803.00 | 241,249.00 | 0.21 |
| BL3910884 | Lightstone Holdco Llc | LGHTGN | 10.03 | 01/29/2027 | 235,936.00 | 235,641.00 | 0.21 |
| BL3425255 | Gainwell Acquisition Corp | MILACQ | 8.4 | 10/01/2027 | 250,411.00 | 239,768.00 | 0.21 |
| BL4569150 | Imagine Learning Llc/az | WELDNE | 7.83 | 12/21/2029 | 246,875.00 | 239,931.00 | 0.21 |
| BDGLXV9 | Autopistas Del Sol Sa/costa Rica | AUTSOL | 7.38 | 12/30/2030 | 244,936.00 | 241,715.00 | 0.21 |
| BD35RT0 | Ivory Coast Government International Bon | IVYCST | 5.25 | 03/22/2030 | 201,000.00 | 226,483.00 | 0.20 |
| B8ADVAEX9 | NEW Generation Gas Gathering Llc | — | 4.34 | 09/30/2029 | 229,729.00 | 226,283.00 | 0.20 |
| B8ACXD562 | NEW Generation Gas Gathering Llc | — | 4.39 | 09/30/2029 | 229,730.00 | 226,283.00 | 0.20 |
| BL3643378 | TGP Holdings Iii Llc | TGPHLD | 7.68 | 06/29/2028 | 249,768.00 | 222,917.00 | 0.20 |
| BL4649903 | Fortress Intermediate | PSDO | 7.83 | 06/27/2031 | 227,028.00 | 227,028.00 | 0.20 |
| BL4684736 | Emrld Borrower Lp | EMECLI | 6.8 | 08/04/2031 | 222,066.00 | 221,417.00 | 0.20 |
| 143658BR2 | Carnival Corp | CCL | 6.0 | 05/01/2029 | 225,000.00 | 227,320.00 | 0.20 |
| 143658BY7 | Carnival Corp | CCL | 5.75 | 03/15/2030 | 225,000.00 | 228,656.00 | 0.20 |
| 279158AS8 | Ecopetrol Sa | ECOPET | 8.88 | 01/13/2033 | 215,000.00 | 221,450.00 | 0.20 |
| 810186AW6 | Scotts Miracle-gro Co/the | SMG | 4.38 | 02/01/2032 | 250,000.00 | 229,501.00 | 0.20 |
| BL4994770 | Covia Holdings Llc | CVIA | 7.57 | 02/26/2032 | 225,000.00 | 225,093.00 | 0.20 |
| BL5126513 | Bausch + Lomb Corp | BLCOCN | 4.25 | 12/18/2030 | 225,000.00 | 225,000.00 | 0.20 |
| BL4883627 | Mcafee Corp | MCFE | 7.32 | 03/01/2029 | 235,268.00 | 227,033.00 | 0.20 |
| BMZ6D52 | Colombia Telecomunicaciones Sa Esp | COLTEL | 4.95 | 07/17/2030 | 250,000.00 | 214,917.00 | 0.19 |
| 50206BAA0 | LD Celulose International Gmbh | LNZAV | 7.95 | 01/26/2032 | 200,000.00 | 209,750.00 | 0.19 |
| 35906ABG2 | Frontier Communications Holdings Llc | FYBR | 6.75 | 05/01/2029 | 200,000.00 | 202,661.00 | 0.18 |
| 817477AJ1 | Serbia International Bond | SERBIA | 6.0 | 06/12/2034 | 200,000.00 | 201,575.00 | 0.18 |
| 707569AS8 | PENN Entertainment Inc | PENN | 5.63 | 01/15/2027 | 200,000.00 | 199,385.00 | 0.18 |
| 68560EAC2 | Orbia Advance Corp Sab De Cv | ORBIA | 6.8 | 05/13/2030 | 200,000.00 | 204,900.00 | 0.18 |
| 90932LAG2 | United Airlines Inc | UAL | 4.38 | 04/15/2026 | 200,000.00 | 198,578.00 | 0.18 |
| 36273XAA9 | GS Mortgage Securities Corp Trust 2025-8 | GSMS | 6.96 | 11/25/2041 | 205,000.00 | 205,366.00 | 0.18 |
| 147918AC0 | Cassa Depositi E Prestiti Spa | CDEP | 5.88 | 04/30/2029 | 200,000.00 | 207,723.00 | 0.18 |
| 05508WAB1 | B&G Foods Inc | BGS | 5.25 | 09/15/2027 | 225,000.00 | 204,748.00 | 0.18 |
| BL4687465 | APRO Llc | UNIPAC | 8.05 | 07/09/2031 | 198,500.00 | 197,507.00 | 0.18 |
| BL4780815 | Jupiter Buyer Inc | ARCHKE | 9.03 | 11/01/2031 | 201,220.00 | 202,540.00 | 0.18 |
| BL4766871 | Tidal Waste & Recycling | TIWARE | 7.8 | 10/24/2031 | 199,500.00 | 200,413.00 | 0.18 |
| BL4583441 | Trulite Glass & Aluminum Solutions Llc | TRUGLA | 10.29 | 03/01/2030 | 217,969.00 | 208,160.00 | 0.18 |
| BL3925031 | IRIS Holding Inc | ITPCN | 9.13 | 06/28/2028 | 211,199.00 | 205,039.00 | 0.18 |
| BL4950392 | INDY Us Holdco Llc | INDYUS | 7.83 | 03/06/2028 | 206,819.00 | 206,819.00 | 0.18 |
| BL5143047 | Crown Finance Us Inc | CINELN | 4.5 | 12/02/2031 | 200,000.00 | 199,750.00 | 0.18 |
| BMVBZ33 | Aydem Yenilenebilir Enerji As | AYDEMT | 7.75 | 02/02/2027 | 189,000.00 | 187,110.00 | 0.17 |
| BL4939429 | Madison Iaq Llc | MADIAQ | 6.76 | 06/21/2028 | 196,931.00 | 197,029.00 | 0.17 |
| BL4811875 | Cotiviti Inc | VCVHHO | 7.07 | 05/01/2031 | 196,015.00 | 194,912.00 | 0.17 |
| BL4810455 | Caesars Entertain Inc | CZR | 6.58 | 02/06/2031 | 196,004.00 | 195,636.00 | 0.17 |
| BL4047090 | Tenneco Inc | TEN | 9.17 | 11/17/2028 | 197,468.00 | 192,235.00 | 0.17 |
| BL4124436 | Asurion Llc | ASUCOR | 8.68 | 08/19/2028 | 196,482.00 | 194,272.00 | 0.17 |
| BL3473057 | Trugreen Lp | SVMSTR | 8.43 | 11/02/2027 | 201,311.00 | 189,735.00 | 0.17 |
| BL3493089 | LBM Acquisition Llc | USLBMH | 8.18 | 12/17/2027 | 199,480.00 | 196,523.00 | 0.17 |
| BL4778223 | Nouryon Finance Bv | SPCHEM | 7.51 | 04/03/2028 | 187,779.00 | 188,248.00 | 0.17 |
| BL4789840 | Sharp Services Llc | SHPCOL | 7.55 | 12/31/2028 | 191,592.00 | 191,831.00 | 0.17 |
| BL4789857 | Trident Tpi Holdings Inc | TEKNI | 8.05 | 09/15/2028 | 197,502.00 | 193,898.00 | 0.17 |
| BL4755601 | Lifepoint Health Inc | RGCARE | 8.01 | 05/16/2031 | 198,253.00 | 195,940.00 | 0.17 |
| BL4759843 | Pegasus Bidco Bv | REFRLN | 7.58 | 07/12/2029 | 191,602.00 | 191,602.00 | 0.17 |
| 749571AK1 | RHP Hotel Properties Lp / Rhp Finance Co | RHP | 6.5 | 04/01/2032 | 190,000.00 | 195,377.00 | 0.17 |
| 513272AD6 | LAMB Weston Holdings Inc | LW | 4.13 | 01/31/2030 | 200,000.00 | 190,691.00 | 0.17 |
| BL4691277 | Kronos Acquisition Holdi | KIKCN | 8.3 | 07/08/2031 | 196,967.00 | 174,597.00 | 0.16 |
| BL3911858 | Blackstone Mortgage Tr | BXMT | 7.83 | 05/09/2029 | 180,423.00 | 180,760.00 | 0.16 |
| BL4850956 | VT Topco Inc | VERCOR | 7.3 | 08/09/2030 | 174,359.00 | 174,649.00 | 0.16 |
| BL4979052 | Great Outdoors Group Llc | BASSPR | 7.58 | 01/23/2032 | 176,438.00 | 175,335.00 | 0.16 |
| BL5023736 | PEER Holding Iii Bv | ACTINA | 6.8 | 10/26/2030 | 174,559.00 | 175,504.00 | 0.16 |
| BL5004397 | A-AP Buyer Inc | AUSPOW | 7.08 | 09/09/2031 | 174,125.00 | 173,036.00 | 0.15 |
| BL4583235 | Summer Bc Holdco B Sarl | KANGRP | 9.56 | 02/15/2029 | 174,559.00 | 171,940.00 | 0.15 |
| 10554TAH8 | Braskem Netherlands Finance Bv | BRASKM | 8.5 | 01/12/2031 | 200,000.00 | 174,200.00 | 0.15 |
| 21873SAB4 | Coreweave Inc | CRWV | 9.25 | 06/01/2030 | 165,000.00 | 168,692.00 | 0.15 |
| 33834YAB4 | FIVE Point Operating Co Lp / Five Point | FPH | 10.5 | 01/15/2028 | 150,000.00 | 152,641.00 | 0.14 |
| 13323NAA0 | Camelot Return Merger Sub Inc | CNR | 8.75 | 08/01/2028 | 175,000.00 | 161,402.00 | 0.14 |
| 55342UAM6 | MPT Operating Partnership Lp / Mpt Finan | MPW | 3.5 | 03/15/2031 | 225,000.00 | 159,419.00 | 0.14 |
| 682691AH3 | Onemain Finance Corp | OMF | 6.63 | 05/15/2029 | 150,000.00 | 154,257.00 | 0.14 |
| BL4587764 | Magnera Corp | MAGN | 8.58 | 11/04/2031 | 149,250.00 | 146,078.00 | 0.13 |
| BL4263655 | MH Sub I Llc | INET | 8.58 | 05/03/2028 | 155,429.00 | 145,014.00 | 0.13 |
| BL4687226 | Brown Group Holding Llc | SIGLN | 6.81 | 07/01/2031 | 150,000.00 | 150,131.00 | 0.13 |
| BL4789873 | LC Ahab Us Bidco Llc | AMAWAT | 7.33 | 05/01/2031 | 148,498.00 | 147,848.00 | 0.13 |
| BL5018546 | Madison Safety & Flow | MADSAF | 7.08 | 09/26/2031 | 148,875.00 | 149,154.00 | 0.13 |
| BL4998375 | Cppib Ovm Member Us Llc | CPPOVM | 7.05 | 08/20/2031 | 148,875.00 | 148,751.00 | 0.13 |
| BL5116852 | Apollo Cmmrl Real Est Fin In | ARI | 3.25 | 06/05/2030 | 150,000.00 | 148,875.00 | 0.13 |
| BL4990430 | Veritiv Operating Co | VRTV | 8.3 | 11/30/2030 | 149,248.00 | 149,652.00 | 0.13 |
| BL4922755 | Graftech Global Enterpri | EAF | 8.0 | 12/21/2029 | 145,455.00 | 146,545.00 | 0.13 |
| BL4874147 | Grant Thornton Advisors | GRATHO | 7.08 | 06/02/2031 | 148,877.00 | 148,690.00 | 0.13 |
| BL4783108 | NCR Atleos Corp | NCRATL | 8.03 | 04/16/2029 | 134,400.00 | 135,072.00 | 0.12 |
| BL4485100 | DS Parent Inc | DAVSTA | 9.8 | 01/31/2031 | 148,500.00 | 132,907.00 | 0.12 |
| 315293308 | Ferrellgas Partners Lp | FGPRB | — | — | 1,029.00 | 134,094.00 | 0.12 |
| 469815AK0 | Jacobs Entertainment Inc | JACENT | 6.75 | 02/15/2029 | 125,000.00 | 120,849.00 | 0.11 |
| 69331CAM0 | PG&E Corp | PCG | 7.38 | 03/15/2055 | 125,000.00 | 118,559.00 | 0.11 |
| 91327TAA9 | Uniti Group Lp / Uniti Group Finance 201 | UNIT | 10.5 | 02/15/2028 | 118,000.00 | 125,025.00 | 0.11 |
| BL4842698 | Innio North America Holding Inc | ADVPW | 6.76 | 11/02/2028 | 123,438.00 | 123,591.00 | 0.11 |
| BL5133873 | Beach Acquisition Bidco | SKX | 3.25 | 06/25/2032 | 125,000.00 | 125,468.00 | 0.11 |
| BL5055217 | Herschend Entertainment | HERFAM | 7.57 | 05/27/2032 | 125,000.00 | 125,742.00 | 0.11 |
| XS28092182 | Lorca Telecom Bondco Sa | LORCAT | 5.75 | 04/30/2029 | 100,000.00 | 122,679.00 | 0.11 |
| BMYD8L5 | Ivory Coast Government International Bon | IVYCST | 4.88 | 01/30/2032 | 104,000.00 | 109,758.00 | 0.10 |
| 25470XAY1 | DISH Dbs Corp | DISH | 7.75 | 07/01/2026 | 125,000.00 | 111,040.00 | 0.10 |
| 15853BAA9 | Champion Iron Canada Inc | CIACN | 7.88 | 07/15/2032 | 110,000.00 | 111,237.00 | 0.10 |
| B8AD38TW1 | NEW Generation Gas - Unfunded | — | — | 09/30/2029 | 114,865.00 | 113,142.00 | 0.10 |
| BL4071538 | First Brands Group Llc | TRICGR | 9.54 | 03/30/2027 | 106,345.00 | 100,336.00 | 0.09 |
| BL4693505 | Crown Subsea Communicati | SUBCOM | 8.33 | 01/30/2031 | 99,748.00 | 100,309.00 | 0.09 |
| BL4752996 | Paint Intermediate Iii | PAIIII | 7.3 | 10/09/2031 | 99,750.00 | 98,690.00 | 0.09 |
| BL4687218 | Brown Group Holding Llc | SIGLN | 6.83 | 07/01/2031 | 98,977.00 | 99,039.00 | 0.09 |
| 11283YAB6 | Brookfield Residential Properties Inc / | BRPCN | 6.25 | 09/15/2027 | 100,000.00 | 99,456.00 | 0.09 |
| 233104AA6 | DCLI Bidco Llc | DIRCHA | 7.75 | 11/15/2029 | 95,000.00 | 96,204.00 | 0.09 |
| BL5123999 | Gryphon Debt Merger Sub | GRDEMR | 3.0 | 06/21/2032 | 100,000.00 | 99,916.00 | 0.09 |
| BL5084159 | Shift4 Payments Llc | HARPAY | 7.07 | 05/07/2032 | 100,000.00 | 100,687.00 | 0.09 |
| BL5023744 | PEER Holding Iii Bv | ACTINA | 6.8 | 07/01/2031 | 99,750.00 | 100,186.00 | 0.09 |
| FVU5 COMDT | US 5yr Note (cbt) Sep25 | FVU5 | — | 09/30/2025 | 8,393,000.00 | 98,736.00 | 0.09 |
| BL4845816 | MH Sub I Llc | INET | 8.58 | 12/31/2031 | 105,197.00 | 91,205.00 | 0.08 |
| 146869AL6 | Carvana Co | CVNA | 9.0 | 12/01/2028 | 85,941.00 | 88,190.00 | 0.08 |
| 04364VAK9 | Ascent Resources Utica Holdings Llc / Ar | ASCRES | 9.0 | 11/01/2027 | 75,000.00 | 91,578.00 | 0.08 |
| 55342UAH7 | MPT Operating Partnership Lp / Mpt Finan | MPW | 5.0 | 10/15/2027 | 100,000.00 | 92,329.00 | 0.08 |
| 651229BG0 | Newell Brands Inc | NWL | 8.5 | 06/01/2028 | 85,000.00 | 89,510.00 | 0.08 |
| B8ACYS253 | Dukes Education Group Ltd | — | 9.92 | 11/25/2028 | 67,561.00 | 92,737.00 | 0.08 |
| B8ACYS1X3 | Dukes Education Group Ltd | — | 9.85 | 11/25/2028 | 60,913.00 | 83,612.00 | 0.07 |
| B8ADVZ6S4 | Denali Intermediate Hldg Inc | — | — | 05/31/2032 | 84,834.00 | 83,986.00 | 0.07 |
| BL4781086 | Closure Systems Internat | CAINGR | 7.83 | 03/13/2029 | 74,251.00 | 74,313.00 | 0.07 |
| BL4766657 | Windstream Services Llc | WIN | 9.18 | 09/26/2031 | 75,000.00 | 75,281.00 | 0.07 |
| BL4431708 | Jfl-tiger Acquisition Co | HCCI | 8.3 | 10/17/2030 | 74,622.00 | 74,622.00 | 0.07 |
| 97381AAA0 | Windstream Services Llc / Windstream Esc | WIN | 8.25 | 10/01/2031 | 70,000.00 | 73,313.00 | 0.07 |
| BL5132081 | Sazerac Co Inc | SAZECO | 2.5 | 06/25/2032 | 75,000.00 | 75,018.00 | 0.07 |
| 50106GAJ1 | Kronos Acquisition Holdings Inc | KIKCN | 10.75 | 06/30/2032 | 100,000.00 | 72,437.00 | 0.06 |
| XS29662403 | Talktalk Telecom Group Ltd | TALKLN | 11.75 | 03/01/2028 | 381,598.00 | 54,999.00 | 0.05 |
| KO994H1NN1 | Gbp/usd Fwd 20250702 5 | GBP | — | 07/02/2025 | 3,832,362.00 | 46,898.00 | 0.04 |
| 02128LAC0 | ALTA Equipment Group Inc | ALTG | 9.0 | 06/01/2029 | 50,000.00 | 46,632.00 | 0.04 |
| B8AD39VG1 | Dukes Education Grp Ltd | — | — | 11/27/2028 | 34,427.00 | 40,552.00 | 0.04 |
| B8ACYP7L9 | Dukes Education Group Ltd | — | 9.71 | 11/25/2028 | 25,178.00 | 34,560.00 | 0.03 |
| IQBU5 INDE | BBG Ig Credit Fut Sep25 | IQBU5 | — | 09/16/2025 | 4,150,200.00 | 32,636.00 | 0.03 |
| TUU5 COMDT | US 2yr Note (cbt) Sep25 | TUU5 | — | 09/30/2025 | 7,488,844.00 | 29,938.00 | 0.03 |
| B8A9598C3 | Ferrellgas Escrow Llc 3/30/31 Preferred | — | 8.96 | 03/30/2031 | 25,000.00 | 25,000.00 | 0.02 |
| B8AD3A2S4 | Dukes Education Grp Ltd | — | — | 11/27/2028 | 18,175.00 | 21,408.00 | 0.02 |
| BL4781144 | Jupiter Buyer Inc | ARCHKE | 4.75 | 11/01/2031 | 23,276.00 | 23,428.00 | 0.02 |
| 25470XBB0 | DISH Dbs Corp | DISH | 7.38 | 07/01/2028 | 25,000.00 | 18,053.00 | 0.02 |
| 55342UAQ7 | MPT Operating Partnership Lp / Mpt Finan | MPW | 8.5 | 02/15/2032 | 25,000.00 | 26,178.00 | 0.02 |
| 25470XBD6 | DISH Dbs Corp | DISH | 5.13 | 06/01/2029 | 25,000.00 | 16,661.00 | 0.01 |
| BL3910900 | Lightstone Holdco Llc | LGHTGN | 10.03 | 01/29/2027 | 13,346.00 | 13,329.00 | 0.01 |
| B8ACYS2F1 | Dukes Education Group Ltd | — | 8.54 | 11/25/2028 | 7,402.00 | 10,160.00 | 0.01 |
| SWB8ADJ71C | Scds: (pemex) 4.75.00000 07 May, 2026 | — | 4.75 | 05/07/2026 | 633,600.00 | 9,604.00 | 0.01 |
| JRQCM0MFUI | Eur/usd Fwd 20250804 Mslngb2x | EUR | — | 08/04/2025 | 2,069,258.00 | 12,415.00 | 0.01 |
| C7MJHRJ478 | Gbp/usd Fwd 20250702 00187 | GBP | — | 07/02/2025 | 304,976.00 | 6,109.00 | 0.01 |
| SAS2O1IPBA | Gbp/usd Spot 20250701 00187 | GBP | — | 07/01/2025 | 642,068.00 | 867.00 | 0.00 |
| SWB8ACX1VG | CDS: (gs_24-pc-a Jul 24) | — | 1.65 | 08/02/2027 | 1,999,954.00 | 2,671.00 | 0.00 |
| SWB8ADBQLQ | Petroleos Mexicanos Cds 20251220 | — | 1.0 | 12/20/2025 | 156,000.00 | -1,485.00 | 0.00 |
| SWB8ADD5V2 | Petroleos Mexicanos Cds 20251224 | — | 3.75 | 12/24/2025 | 200,080.00 | 765.00 | 0.00 |
| SWB8ADG4K3 | Scds: (pemex) 4.10000 Mar 23, 2026 | — | 4.1 | 03/23/2026 | 450,000.00 | 3,077.00 | 0.00 |
| SWB8ADKUTC | Scds: (argent) | — | 5.0 | 09/20/2025 | 140,000.00 | -348.00 | 0.00 |
| SWB8ADLSJ2 | Scds: (argent) 5.00000 Sep 20, 2025 | — | 5.0 | 09/20/2025 | 121,000.00 | -301.00 | 0.00 |
| SWB8ADQ1J2 | Scds: (softbk) | — | 1.0 | 06/22/2026 | 95,000.00 | -414.00 | 0.00 |
| V15H8O0KMR | Gbp/usd Fwd 20250804 00187 | GBP | — | 08/04/2025 | -642,068.00 | -897.00 | 0.00 |
| 6PG53TKHTK | Gbp/usd Fwd 20250702 Mslngb2x | GBP | — | 07/02/2025 | 106,485.00 | 1,969.00 | 0.00 |
| 87O7KA8ABI | Eur/usd Fwd 20250702 Mslngb2x | EUR | — | 07/02/2025 | -75,000.00 | -1,509.00 | 0.00 |
| 9I8TJ4JMKH | Eur/usd Fwd 20250702 Bnpafrpp | EUR | — | 07/02/2025 | -364,187.00 | -14,707.00 | -0.01 |
| BIF5P9ATHA | Eur/usd Spot 20250701 Mslngb2x | EUR | — | 07/01/2025 | -2,069,258.00 | -11,960.00 | -0.01 |
| SWB8ADQQCR | Scds: (ivycst) | — | 1.0 | 06/20/2027 | 500,000.00 | -15,587.00 | -0.01 |
| SWB8AD0RLA | Scds: (pkstan) | — | 1.0 | 09/20/2025 | 1,400,000.00 | -14,770.00 | -0.01 |
| PIQESL6KPR | Gbp/usd Fwd 20250804 5 | GBP | — | 08/04/2025 | -3,832,362.00 | -47,042.00 | -0.04 |
| 2SQOSRSC5R | Gbp/usd Fwd 20250702 955 | GBP | — | 07/02/2025 | -4,243,823.00 | -97,498.00 | -0.09 |
| B8ADN7NC1 | RRP Mpt Operating Partnership Lp | — | 4.75 | 12/31/2222 | -112,750.00 | -112,750.00 | -0.10 |
| B8ADN7ND9 | RRP Lamb Weston Hldgs Inc | — | 4.72 | 12/31/2222 | -168,750.00 | -168,750.00 | -0.15 |
| B8AE05Z01 | RRP B&g Foods Inc | — | 4.72 | 12/31/2222 | -173,250.00 | -173,250.00 | -0.15 |
| B8AE05Z27 | RRP United Airlines Inc | — | 4.68 | 12/31/2222 | -183,750.00 | -183,750.00 | -0.16 |
| B8ADV5E10 | RRP Penn Entertainment Inc | — | 4.72 | 12/31/2222 | -180,750.00 | -180,750.00 | -0.16 |
| B8ACXKV59 | RRP Cassa Depositi E Prestiti Spa | — | 4.79 | 12/31/2222 | -181,750.00 | -181,750.00 | -0.16 |
| B8ADV5E02 | RRP Scotts Miracle Gro Co | — | 4.72 | 12/31/2222 | -199,063.00 | -199,062.00 | -0.18 |
| B8AE05Z43 | RRP Carnival Corp | — | 4.68 | 12/31/2222 | -207,281.00 | -207,281.00 | -0.18 |
| B8AE05YZ5 | RRP Carnival Corp | — | 4.68 | 12/31/2222 | -205,313.00 | -205,312.00 | -0.18 |
| B8AE05Z50 | RRP Echostar Corp | — | 4.68 | 12/31/2222 | -214,375.00 | -214,375.00 | -0.19 |
| B8ADV5E28 | RRP Chart Industries Inc | — | 4.72 | 12/31/2222 | -215,719.00 | -215,718.00 | -0.19 |
| B8ADYVQS8 | RRP Fertitta Entertainment | — | 4.7 | 12/31/2222 | -227,219.00 | -227,218.00 | -0.20 |
| B8ADLT2P9 | RRP Mexico City Arpt Tr | — | 4.55 | 12/31/2222 | -222,000.00 | -222,000.00 | -0.20 |
| B8AD52FL1 | RRP Pennymac Fin Svcs Inc | — | 4.7 | 12/31/2222 | -220,313.00 | -220,312.00 | -0.20 |
| B8ACVHT10 | RRP Ashland Llc | — | 4.79 | 12/31/2222 | -235,500.00 | -235,500.00 | -0.21 |
| B8ADN7NE7 | RRP Brookfield Residential Propert | — | 4.72 | 12/31/2222 | -252,375.00 | -252,375.00 | -0.22 |
| B8AD52FM9 | RRP Ocp Sa | — | 4.7 | 12/31/2222 | -256,750.00 | -256,750.00 | -0.23 |
| B8AE05Z35 | RRP Carvana Co | — | 4.68 | 12/31/2222 | -261,594.00 | -261,593.00 | -0.23 |
| B8AE05Z19 | RRP Star Leasing Co Llc | — | 4.68 | 12/31/2222 | -266,906.00 | -266,906.00 | -0.24 |
| B8ADN7NG2 | RRP Petroleos Mexicanos | — | 4.72 | 12/31/2222 | -265,500.00 | -265,500.00 | -0.24 |
| 5K7L22H4D2 | Eur/usd Fwd 20250804 955 | EUR | — | 08/04/2025 | -16,319,362.00 | -283,520.00 | -0.25 |
| KNANHRMBMO | Eur/usd Fwd 20250702 955 | EUR | — | 07/02/2025 | 439,187.00 | -338,751.00 | -0.30 |
| B8ACJD253 | RRP Wynn Macau Ltd | — | 4.82 | 12/31/2222 | -363,906.00 | -363,906.00 | -0.32 |
| B8ACTHLL7 | RRP Cco Hldgs Llc Cco Hldgs Cap Co | — | 4.79 | 12/31/2222 | -383,400.00 | -383,400.00 | -0.34 |
| B8ADLT2R5 | RRP Maxim Crane Works Hldgs Cap | — | 4.7 | 12/31/2222 | -378,500.00 | -378,500.00 | -0.34 |
| B8ADUQDZ1 | RRP Ivory Coast | — | 4.74 | 12/31/2222 | -404,938.00 | -404,937.00 | -0.36 |
| B8ADLT2S3 | RRP Mcafee Corp | — | 4.7 | 12/31/2222 | -418,750.00 | -418,750.00 | -0.37 |
| B8ACVHT02 | RRP Citigroup Inc | — | 4.79 | 12/31/2222 | -415,363.00 | -415,362.00 | -0.37 |
| B8ACZNPC3 | RRP Nationstar Mtg Hldgs Inc | — | 4.77 | 12/31/2222 | -436,250.00 | -436,250.00 | -0.39 |
| B8ADUQDA6 | RRP Viking Cruises Ltd | — | 4.67 | 12/31/2222 | -438,781.00 | -438,781.00 | -0.39 |
| B8ADUQE23 | RRP Citigroup Inc | — | 4.74 | 12/31/2222 | -435,000.00 | -435,000.00 | -0.39 |
| B8ADLT2N4 | RRP Scientific Games Hldgs Lp | — | 4.7 | 12/31/2222 | -446,875.00 | -446,875.00 | -0.40 |
| B8ADUQE15 | RRP Univision Comms Inc | — | 4.74 | 12/31/2222 | -465,938.00 | -465,937.00 | -0.41 |
| B8ADLT2U8 | RRP Mineral Resources Ltd | — | 4.67 | 12/31/2222 | -467,500.00 | -467,500.00 | -0.42 |
| B8ACVHT28 | RRP Howard Hughes Corp | — | 4.79 | 12/31/2222 | -470,063.00 | -470,062.00 | -0.42 |
| B8ACZNPB5 | RRP Calpine Corp | — | 4.77 | 12/31/2222 | -475,063.00 | -475,062.00 | -0.42 |
| B8AD52FN7 | RRP Coronado Fin Pty Ltd | — | 4.7 | 12/31/2222 | -488,125.00 | -488,125.00 | -0.43 |
| B8ACVHT36 | RRP Citigroup Inc | — | 4.79 | 12/31/2222 | -607,725.00 | -607,725.00 | -0.54 |
| B8ACDQGX4 | RRP Wynn Resorts Fin Llc | — | 4.75 | 12/31/2222 | -608,344.00 | -608,343.00 | -0.54 |
| B8ACHL273 | RRP Ncl Corp Ltd | — | 4.79 | 12/31/2222 | -637,813.00 | -637,812.00 | -0.57 |
| B8ADN7NF4 | RRP Brinker Intl Inc | — | 4.72 | 12/31/2222 | -679,000.00 | -679,000.00 | -0.60 |
| B8ACMTHR0 | RRP Davita Inc | — | 4.68 | 12/31/2222 | -711,750.00 | -711,750.00 | -0.63 |
| B8ACBPEV4 | RRP Southwestern Energy Co | — | 4.79 | 12/31/2222 | -743,750.00 | -743,750.00 | -0.66 |
| B8ADLT2Q7 | RRP Wolverine World Wide Inc | — | 4.7 | 12/31/2222 | -753,188.00 | -753,187.00 | -0.67 |
| B8ACMTHQ2 | RRP Tenneco Inc | — | 4.68 | 12/31/2222 | -766,125.00 | -766,125.00 | -0.68 |
| B8ACJD2C8 | RRP Hudbay Minerals Inc | — | 4.82 | 12/31/2222 | -836,250.00 | -836,250.00 | -0.74 |
| B8ADUQE31 | RRP Goldman Sachs Grp Inc | — | 4.74 | 12/31/2222 | -861,250.00 | -861,250.00 | -0.76 |
| B8ACJD246 | RRP Caesars Entertainment Inc | — | 4.82 | 12/31/2222 | -915,750.00 | -915,750.00 | -0.81 |
| B8ACCS547 | RRP Mgm Resorts Intl | — | 4.75 | 12/31/2222 | -907,031.00 | -907,031.00 | -0.81 |
| B8ACBPEY8 | RRP Hilcorp Energy I Hilcorp Fin C | — | 4.79 | 12/31/2222 | -1,012,781.00 | -1,012,781.00 | -0.90 |
| B8ACCS554 | RRP Xpo Inc | — | 4.75 | 12/31/2222 | -1,148,438.00 | -1,148,437.00 | -1.02 |
| B8AD8EZY2 | RRP Level 3 Fin Inc | — | 4.72 | 12/31/2222 | -1,150,875.00 | -1,150,875.00 | -1.02 |
| B8ADV7P55 | RRP Montichem Holdco 3 Sa | — | 2.52 | 12/31/2222 | -1,155,000.00 | -1,360,532.00 | -1.21 |
| B8ADEFRN5 | RRP Dish Network Corp | — | 4.69 | 12/31/2222 | -1,385,625.00 | -1,385,625.00 | -1.23 |
| B8ADV7P30 | RRP Bellis Finco Plc | — | 4.77 | 12/31/2222 | -1,153,750.00 | -1,583,694.00 | -1.41 |
| B8ACFX6U4 | RRP Nrg Energy Inc | — | 4.79 | 12/31/2222 | -1,685,250.00 | -1,685,250.00 | -1.50 |
| B8ACFX6V2 | RRP Vistra Corp | — | 4.79 | 12/31/2222 | -2,072,875.00 | -2,072,875.00 | -1.84 |
| B8ACG8CH0 | RRP Bombardier Inc | — | 4.79 | 12/31/2222 | -2,085,000.00 | -2,085,000.00 | -1.85 |
| B8ADV7P48 | RRP Virgin Media Sec Fin Plc | — | 4.77 | 12/31/2222 | -1,680,250.00 | -2,306,395.00 | -2.05 |
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ABOUT
PGIM Fixed Income, with $862 billion in assets under management as of March 31, 2025, is a global asset manager offering active solutions across all fixed income markets. The company has offices in Newark, N.J., London, Tokyo and Singapore. At PGIM Fixed Income we believe that research-driven security selection is the most consistent strategy for adding value to client portfolios. The firm complements that base strategy with active sector rotation, duration management, and superior trade execution. Risk budgeting is central to this approach. PGIM Limited is also a subadvisor on this fund. PGIM Limited is an indirect, wholly-owned subsidiary of PGIM, Inc. (“PGIM”), the principal asset management business of Prudential Financial, Inc. (“PFI”), a company incorporated and with its principal place of business in the United States.
Richard Piccirillo, Tyler Thorn, Edwin Wilches, and Brian Juliano of PGIM Fixed Income are primarily responsible for management of the PGIM Credit Income Fund (Interval Fund).
Richard Piccirillo
Managing Director and Co-head on PGIM Fixed Income's Multi-Sector Team
Richard Piccirillo is a Managing Director and one of the co-heads on the Multi-Sector Team at PGIM Fixed Income.
Tyler Thorn
Principal and Portfolio Manager for PGIM Fixed Income's Multi-Sector Team
Tyler Thorn is a Principal and a portfolio manager on the Multi-Sector Team at PGIM Fixed Income.
Edwin Wilches, CFA
Managing Director and Co-Head of PGIM Fixed Income Securitized Products team
Edwin Wilches, CFA, is a Managing Director and Co-Head of PGIM Fixed Income’s Securitized Products team.
Brian Juliano
Managing Director and Head of the U.S. Leveraged Loan Team
|PGIM Fixed Income
Brian Juliano is a Managing Director and Head of the U.S. Leveraged Loan Team for PGIM Fixed Income.
Average Maturity is the average time to maturity for a bond. Credit quality is calculated using the highest rating assigned by a nationally recognized statistical rating organization (NRSRO) such as Moody’s, S&P, or Fitch. The Not Rated category consists of securities that have not been rated by an NRSRO. Duration measures investment risk that takes into account both a bond's interest payments and its value to maturity. Due to data availability, statistics may not be as of the current reporting period.
Enhanced cash strategies are variations on traditional money market vehicles. They are designed to provide liquidity and principal preservation, but with more of an emphasis on seeking returns that are superior to those of traditional money market offerings.
Source: Benchmarks - Lipper Inc.; Statistics - Morningstar Inc.; All other data from PGIM, Inc.
© 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.
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.
4346596 Ed. 3/2025
Fund Literature
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