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) | 10.60 |
| Standard Deviation (3 year) | 2.96 |
Source: Morningstar. The Morningstar Rating may be calculated based on its share class adjusted historical returns. If so, the fund’s independent Morningstar Rating metric uses its oldest class to determine its hypothetical rating for certain periods. The Fund’s Overall, 3-, 5-, and 10-year Star Ratings/Fund are, if applicable: 4/210.0, 4/210.0, 4/200.0 and 4/169.0, respectively. Morningstar Ratings are calculated for managed products with a 3-year minimum history. Comparatively, exchange-traded funds and open-ended mutual funds are considered a single population. 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 consistency, 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. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating period
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 | 8.98 |
-0.01
|
-0.11 | 9.19 | 210,278,444.58 |
| C | 8.98 |
-0.01
|
-0.11 | — | 43,400,699.06 |
| R6 | 8.99 |
-0.01
|
-0.11 | — | 215,134,970.86 |
| Z | 8.99 |
-0.01
|
-0.11 | — | 1,790,593,300.80 |
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 | 6.06 | 5.95 | 6.37 | 6.52 | — |
| C - View Prospectus | 5.45 | 5.30 | — | 5.77 | — |
| R6 - View Prospectus | 6.51 | 6.44 | — | 6.82 | — |
| Z - View Prospectus | 6.46 | 6.32 | — | 6.77 | — |
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 | 63.7% |
| ABS | 18.5% |
| Investment Grade Corporates | 10.6% |
| High Yield Corporates | 5.0% |
| Commercial MBS | 1.3% |
| U.S. Treasuries | 0.8% |
| Non Agency MBS | 0.8% |
| Emerging Markets Hard Currency | 0.2% |
| Cash/Equiv | -1.0% |
Largest Industries (% of Assets)
|
Industry
|
Fund (% of Assets)
|
|---|---|
| Banking | 10.2% |
| Technology | 8.5% |
| Consumer Non-Cyclical | 7.0% |
| Health Care & Pharmaceutical | 5.9% |
| Chemicals | 4.7% |
| Gaming & Lodging & Leisure | 3.7% |
| Transportation & Environmental Services | 3.6% |
| Capital Goods | 3.5% |
| Paper & Packaging | 3.0% |
| Building Materials & Home Construction | 2.5% |
Credit Quality (% of Assets)
|
Credit Quality
|
% of Assets
|
|---|---|
| AAA | 1.8% |
| AA | 17.4% |
| A | 1.9% |
| BBB | 11.9% |
| BB | 20.3% |
| B | 39.8% |
| CCC | 3.0% |
| Not Rated | 5.0% |
| Cash/Equiv | -1.0% |
Top 10 Corporate issuers (% of Assets)
| CitiGroup | 2.6% |
|---|---|
| Toronto-Dominion Bank | 1.7% |
| Brookfield | 1.7% |
| Bank of Nova Scotia | 1.4% |
| Goldman Sachs | 1.3% |
| Royal Bank of Canada | 1.0% |
| JPMorgan Chase | 1.0% |
| Lumen Technologies | 1.0% |
| Pegasus Holdings | 0.8% |
| Lonestar Intermediate | 0.8% |
FUND STATISTICS
| Average Maturity (years) | 10.6 |
| Standard Deviation (3 year) | 2.96 |
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 (PIMS), member FINRA and SIPC. PGIM Investments is a registered investment advisor and investment manager to PGIM registered investment companies. PGIM Fixed Income is a unit of PGIM, Inc., a registered investment advisor. PGIM Limited acts as a subadvisor to all fixed income funds. PGIM Limited is an indirect, wholly-owned subsidiary of PGIM, Inc. (“PGIM”), the principal asset management business of Prudential Financial, Inc. (“PFI”), a company incorporated and with its principal place of business in the United States. All are Prudential Financial affiliates. PGIM is the principal asset management business of Prudential Financial, Inc. (PFI), and a trading name of PGIM, Inc. and its global subsidiaries and affiliates. ©2025 Prudential Financial, Inc. and its related entities. PGIM, PGIM Investments, PGIM Fixed Income, PGIM Limited, and the PGIM logo are service marks of Prudential Financial, Inc. and its related entities, registered in many jurisdictions worldwide.
This material is being provided for informational or educational purposes only and does not take into account the investment objectives or financial situation of any client or prospective clients. The information is not intended as investment advice and is not a recommendation. Clients seeking information regarding their particular investment needs should contact their financial professional.
INVESTMENT PRODUCTS | Are not insured by the FDIC or any federal government agency | May lose value | Are not a deposit of or guaranteed by any bank or any bank affiliate.
Prudential Financial, Inc. of the United States is not affiliated in any manner with Prudential plc, incorporated in the United Kingdom or with Prudential Assurance Company, a subsidiary of M&G plc, incorporated in the United Kingdom.
4072323 Ed. 12/2024
|
Security ID# (CUSIP/SEDOL)
|
Security Description
|
Ticker Symbol
|
Coupon Rate
|
Maturity Date
|
Shares/Notional
|
Value ($)
|
% of Portfolio
|
|---|---|---|---|---|---|---|---|
| 0641598X7 | BANK Of Nova Scotia/the | BNS | 7.35 | 04/27/2085 | 31,000,000.00 | 32,245,803.00 | 1.39 |
| BL5098621 | Brookfield Ppty Ret Hld | BPYU | 7.66 | 05/28/2030 | 29,539,510.00 | 29,642,898.00 | 1.28 |
| 48128BAH4 | Jpmorgan Chase & Co | JPM | 6.73 | 10/01/2174 | 23,015,000.00 | 23,020,251.00 | 0.99 |
| 07132LAW9 | Battalion Clo Xi Ltd | BATLN | 5.62 | 04/24/2034 | 20,000,000.00 | 19,963,336.00 | 0.86 |
| 750104AQ4 | RAD Clo 19 Ltd | RAD | 5.83 | 03/20/2038 | 20,000,000.00 | 20,061,060.00 | 0.86 |
| 89116CKP1 | Toronto-dominion Bank/the | TD | 7.25 | 07/31/2084 | 19,005,000.00 | 20,036,547.00 | 0.86 |
| 38181PAE5 | Golub Capital Partners Clo 68b Ltd | GCBSL | 5.97 | 07/25/2038 | 18,600,000.00 | 18,604,596.00 | 0.80 |
| 14318QAE0 | Carlyle Us Clo 2023-5 Ltd | CGMS | 6.51 | 01/27/2036 | 18,250,000.00 | 18,286,421.00 | 0.79 |
| 172967MV0 | Citigroup Inc | C | 3.88 | 05/18/2174 | 17,983,000.00 | 17,868,409.00 | 0.77 |
| 89116C4H7 | Toronto-dominion Bank/the | TD | 6.35 | 10/31/2085 | 17,830,000.00 | 17,943,101.00 | 0.77 |
| 83012DAU7 | Sixth Street Clo Xvi Ltd | SIXST | 6.33 | 01/20/2037 | 17,200,000.00 | 17,222,303.00 | 0.74 |
| BL4417558 | CLUE Opco Llc | FWRD | 8.81 | 12/19/2030 | 17,694,867.00 | 17,101,345.00 | 0.74 |
| 12516LAG0 | CBAM 2018-5 Ltd | CBAMR | 5.81 | 10/17/2038 | 16,000,000.00 | 16,007,033.00 | 0.69 |
| 03329KBN2 | Anchorage Capital Clo 8 Ltd | ANCHC | 0.01 | 10/27/2038 | 16,000,000.00 | 16,016,128.00 | 0.69 |
| 17327CAV5 | Citigroup Inc | C | 6.95 | 05/15/2174 | 15,435,000.00 | 15,862,443.00 | 0.68 |
| BL3425255 | Gainwell Acquisition Corp | MILACQ | 8.1 | 10/01/2027 | 15,574,502.00 | 15,379,820.00 | 0.66 |
| BL4795565 | Hudson River Trading Llc | HURVTR | 6.78 | 03/18/2030 | 15,130,085.00 | 15,135,486.00 | 0.65 |
| BL3679885 | Upstream Newco Inc | UPSREH | 8.82 | 11/20/2026 | 16,499,436.00 | 14,217,019.00 | 0.61 |
| 06055HAK9 | BANK Of America Corp | BAC | 6.25 | 10/26/2174 | 13,855,000.00 | 14,086,972.00 | 0.61 |
| BL5173622 | Action Environmental Gro | ACTENV | 7.25 | 10/24/2030 | 13,614,012.00 | 13,596,994.00 | 0.59 |
| BL5017431 | TK Elevator Us Newco Inc | THYELE | 7.2 | 04/30/2030 | 13,286,823.00 | 13,359,488.00 | 0.58 |
| 420916AG3 | Hayfin Us Xv Ltd | HAYFN | 6.06 | 04/28/2037 | 13,500,000.00 | 13,550,134.00 | 0.58 |
| 758971AC9 | Regatta Xxix Funding Ltd | REG29 | 5.65 | 09/06/2037 | 13,500,000.00 | 13,542,574.00 | 0.58 |
| 38141GYU2 | Goldman Sachs Group Inc/the | GS | 4.13 | 05/10/2074 | 13,458,000.00 | 13,236,386.00 | 0.57 |
| 04942PAL1 | Atlas Static Senior Loan Fund I Ltd | ATSTC | 6.55 | 07/15/2030 | 12,970,483.00 | 12,966,554.00 | 0.56 |
| 12434FAL1 | BX Commercial Mortgage Trust 2021-cip | BX | 6.97 | 12/15/2038 | 12,754,854.00 | 12,726,952.00 | 0.55 |
| 48255PAC9 | KKR Clo 41 Ltd | KKR | 5.8 | 04/15/2035 | 12,500,000.00 | 12,505,328.00 | 0.54 |
| 780082AT0 | Royal Bank Of Canada | RY | 6.35 | 11/24/2084 | 12,750,000.00 | 12,606,562.00 | 0.54 |
| BL5184058 | Allied Universal Holdco Llc | UNSEAM | 7.51 | 08/20/2032 | 12,450,000.00 | 12,491,732.00 | 0.54 |
| BL5083276 | Voyager Parent Llc | EVRI | 8.75 | 07/01/2032 | 12,375,000.00 | 12,355,670.00 | 0.53 |
| BL4871903 | Acrisure Llc | ACRISU | 7.16 | 11/06/2030 | 12,337,283.00 | 12,314,150.00 | 0.53 |
| BL4949832 | Clarios Global Lp | POWSOL | 6.91 | 01/28/2032 | 12,400,000.00 | 12,358,670.00 | 0.53 |
| 12659UAN2 | CQS Us Clo 2021-1 Ltd | CQS | 5.63 | 01/20/2035 | 12,400,000.00 | 12,390,667.00 | 0.53 |
| 88676LAY7 | Tikehau Us Clo Ii Ltd | TKO | 5.68 | 01/20/2038 | 12,150,000.00 | 12,178,356.00 | 0.52 |
| 88676NAU1 | Tikehau Us Clo Iii Ltd | TKO | 6.63 | 01/20/2036 | 12,000,000.00 | 12,032,348.00 | 0.52 |
| B8AC2XVL0 | Heritage Pwr Llc | — | — | — | 182,367.00 | 12,127,405.00 | 0.52 |
| BL4964625 | Boost Newco Borrower Llc | WRLDPY | 6.0 | 01/31/2031 | 12,174,770.00 | 12,174,770.00 | 0.52 |
| BL4985588 | Athenahealth Group Inc | ATHENA | 6.91 | 02/15/2029 | 11,942,087.00 | 11,882,377.00 | 0.51 |
| 13887TAW7 | Canyon Capital Clo 2019-1 Ltd | CANYC | 5.7 | 07/15/2037 | 11,500,000.00 | 11,527,416.00 | 0.50 |
| SWZ978T5JT | ICE: (cdx.na.ig.45.v1) | — | 1.0 | 12/20/2030 | 487,025,000.00 | 11,304,020.00 | 0.49 |
| 05682CAQ0 | BAIN Capital Credit Clo 2023-3 Ltd | BCC | 5.57 | 10/24/2038 | 11,200,000.00 | 11,217,520.00 | 0.48 |
| 55822EAN9 | Madison Park Funding Lix Ltd | MDPK | 5.8 | 04/18/2037 | 11,000,000.00 | 11,047,220.00 | 0.48 |
| B8AE266B5 | Envision Healthcare Operating Inc | — | 10.66 | 12/31/2030 | 10,921,186.00 | 10,934,837.00 | 0.47 |
| BL5118916 | Bingo Holdings I Llc | AGS | 8.75 | 06/30/2032 | 11,100,000.00 | 10,957,786.00 | 0.47 |
| BL3643378 | TGP Holdings Iii Llc | TGPHLD | 7.51 | 06/29/2028 | 11,561,398.00 | 10,782,807.00 | 0.46 |
| BL3984111 | Asurion Llc | ASUCOR | 8.26 | 08/19/2028 | 10,721,392.00 | 10,732,564.00 | 0.46 |
| 67629HAG7 | OFSI Bsl Xii Ltd | OFSBS | 5.68 | 01/20/2035 | 10,550,000.00 | 10,567,232.00 | 0.46 |
| 74970WAJ9 | ROCK Trust 2024-cntr | ROCC | 8.82 | 11/13/2041 | 9,830,000.00 | 10,373,510.00 | 0.45 |
| 172967PR6 | Citigroup Inc | C | 6.75 | 02/15/2173 | 10,295,000.00 | 10,461,179.00 | 0.45 |
| 172967PK1 | Citigroup Inc | C | 7.13 | 11/15/2173 | 9,870,000.00 | 10,167,458.00 | 0.44 |
| BL4985935 | Focus Financial Partners Llc | FOCS | 6.91 | 09/15/2031 | 10,266,331.00 | 10,285,579.00 | 0.44 |
| BL5059326 | Verifone Systems Inc | PAY | 9.82 | 08/18/2028 | 10,509,482.00 | 10,038,436.00 | 0.43 |
| 04943PAE6 | Atlas Senior Loan Fund Xxiv Ltd | ATCLO | 5.78 | 01/20/2038 | 10,000,000.00 | 10,018,684.00 | 0.43 |
| 03330NAW4 | Anchorage Capital Clo 11 Ltd | ANCHC | 5.81 | 07/22/2037 | 10,000,000.00 | 10,024,376.00 | 0.43 |
| 36362MAE7 | Gallatin Clo X 2023-1 Ltd | GALL | 6.96 | 10/14/2035 | 10,000,000.00 | 10,024,960.00 | 0.43 |
| 89624JAS6 | Trimaran Cavu 2019-2 Ltd | CAVU | 5.68 | 03/18/2038 | 10,000,000.00 | 9,995,507.00 | 0.43 |
| BL4045797 | Tenneco Inc | TENINC | 9.3 | 11/17/2028 | 10,113,475.00 | 9,937,894.00 | 0.43 |
| 12550ABH8 | CIFC Funding 2014-v Ltd | CIFC | 5.63 | 07/17/2037 | 9,650,000.00 | 9,702,865.00 | 0.42 |
| 38144GAB7 | Goldman Sachs Group Inc/the | GS | 7.56 | 08/10/2172 | 9,444,000.00 | 9,480,831.00 | 0.41 |
| 780082AR4 | Royal Bank Of Canada | RY | 7.5 | 05/02/2084 | 9,000,000.00 | 9,517,500.00 | 0.41 |
| B8ADAMRM6 | International Park Hldgs Bv | — | 7.29 | 12/31/2031 | 8,325,000.00 | 9,427,884.00 | 0.41 |
| BL4047090 | Tenneco Inc | TEN | 9.05 | 11/17/2028 | 9,731,489.00 | 9,542,075.00 | 0.41 |
| BL4263655 | MH Sub I Llc | INET | 8.25 | 05/03/2028 | 10,447,936.00 | 9,460,982.00 | 0.41 |
| BL4808012 | TPC Group Inc | TPCG | 9.77 | 11/24/2031 | 9,802,501.00 | 9,263,363.00 | 0.40 |
| 912810UF3 | United States Treasury Note/bond | T | 4.63 | 11/15/2044 | 9,405,000.00 | 9,393,243.00 | 0.40 |
| 82670QAS8 | Signal Peak Clo 9 Ltd | SPEAK | 5.62 | 01/21/2038 | 9,185,000.00 | 9,184,931.00 | 0.40 |
| 36362HAE8 | Gallatin Clo Xi 2024-1 Ltd | GALL | 5.83 | 10/20/2037 | 9,275,000.00 | 9,314,223.00 | 0.40 |
| 62432BAQ6 | Mountain View Clo Ix Ltd | MVW | 5.95 | 07/15/2031 | 9,250,000.00 | 9,244,575.00 | 0.40 |
| BL4978666 | Genesys Cloud Services | GCTI | 6.66 | 01/30/2032 | 9,316,930.00 | 9,200,468.00 | 0.40 |
| BL4979052 | Great Outdoors Group Llc | BASSPR | 7.41 | 01/23/2032 | 8,971,682.00 | 8,969,438.00 | 0.39 |
| BL4871549 | Olympus Wtr Us Hldg Corp | SOLEIN | 7.0 | 06/20/2031 | 9,177,986.00 | 9,071,457.00 | 0.39 |
| BL5007242 | Windsor Holdings Iii Llc | UNVR | 6.92 | 08/01/2030 | 8,800,944.00 | 8,775,271.00 | 0.38 |
| BL5173515 | Amneal Pharmaceuticals Llc | AMNPHA | 7.66 | 08/02/2032 | 8,775,000.00 | 8,829,843.00 | 0.38 |
| BL5224490 | Level 3 Financing Inc | LVLT | 7.42 | 03/29/2032 | 8,800,000.00 | 8,772,500.00 | 0.38 |
| BL4070472 | CSC Holdings Llc | CSCHLD | 8.53 | 01/18/2028 | 8,949,928.00 | 8,854,834.00 | 0.38 |
| 92918FAG9 | VOYA Clo 2019-3 Ltd | VOYA | 5.79 | 10/17/2032 | 8,650,000.00 | 8,650,039.00 | 0.37 |
| BL4803666 | Qualitytech Lp | QTS | 7.61 | 11/04/2031 | 8,358,000.00 | 8,368,447.00 | 0.36 |
| BL4622694 | Lumen Technologies Inc | LUMN | 6.63 | 04/15/2030 | 8,437,358.00 | 8,382,515.00 | 0.36 |
| BL5189347 | INDY Us Holdco Llc | INDYUS | 6.66 | 10/31/2030 | 8,326,229.00 | 8,315,821.00 | 0.36 |
| BL5173937 | Sedgwick Cms Inc | SEDGEW | 6.66 | 07/31/2031 | 8,440,735.00 | 8,436,970.00 | 0.36 |
| BL5180098 | Emrld Borrower Lp | EMECLI | 6.45 | 05/31/2030 | 8,165,159.00 | 8,131,477.00 | 0.35 |
| BL4850956 | VT Topco Inc | VERCOR | 7.16 | 08/09/2030 | 8,216,176.00 | 8,051,852.00 | 0.35 |
| BL3287994 | Allen Media Llc | ALNMED | 9.65 | 02/10/2027 | 11,534,908.00 | 8,074,435.00 | 0.35 |
| 67576PBC0 | Octagon Investment Partners 42 Ltd | OCT42 | 5.7 | 07/15/2037 | 8,100,000.00 | 8,124,355.00 | 0.35 |
| 28621YAS4 | Elevation Clo 2020-11 Ltd | AWPT | 5.9 | 10/15/2037 | 8,125,000.00 | 8,153,376.00 | 0.35 |
| 69344A206 | PGIM Active High Yield Bond Etf | PHYL | — | — | 225,000.00 | 8,005,500.00 | 0.34 |
| 69391NAA9 | PMT Credit Risk Transfer Trust 2024-2r | PMTCR | 7.55 | 03/29/2027 | 7,860,044.00 | 7,941,640.00 | 0.34 |
| 92332YAF8 | Venture Global Lng Inc | VENLNG | 9.0 | 03/30/2173 | 8,560,000.00 | 8,000,602.00 | 0.34 |
| BL4842664 | Phoenix Guarantor Inc | BRIHEA | 6.66 | 02/21/2031 | 7,814,785.00 | 7,829,437.00 | 0.34 |
| BL4995827 | Northab Llc | NTHBNC | 6.5 | 11/24/2028 | 8,048,298.00 | 7,853,126.00 | 0.34 |
| BL5049814 | Madison Iaq Llc | MADIAQ | 7.45 | 05/06/2032 | 7,830,375.00 | 7,840,162.00 | 0.34 |
| BL4883627 | Mcafee Corp | MCFE | 7.09 | 03/01/2029 | 8,364,560.00 | 7,935,876.00 | 0.34 |
| BL4990463 | GFL Es Us Llc | GFLES | 6.67 | 03/03/2032 | 7,600,000.00 | 7,593,669.00 | 0.33 |
| BL5162617 | Crown Subsea Communicati | SUBCOM | 7.66 | 01/30/2031 | 7,596,218.00 | 7,636,097.00 | 0.33 |
| BL5143047 | Crown Finance Us Inc | CINELN | 8.63 | 12/02/2031 | 7,755,563.00 | 7,723,245.00 | 0.33 |
| 67573CAW9 | Octagon Investment Partners 32 Ltd | OCT32 | 5.7 | 10/31/2037 | 7,600,000.00 | 7,619,031.00 | 0.33 |
| 652927AJ3 | NGC 2024-i Ltd | NGC | 5.98 | 07/20/2037 | 7,650,000.00 | 7,660,849.00 | 0.33 |
| 92840MAC6 | Vistra Corp | VST | 7.0 | 06/15/2174 | 7,375,000.00 | 7,453,621.00 | 0.32 |
| BL4645844 | Doncasters Finance Us Llc | DONCAS | 10.5 | 04/23/2030 | 7,456,450.00 | 7,531,014.00 | 0.32 |
| BL3838671 | Rainbow Uk Bidco Ltd | WELLAC | 8.47 | 02/26/2029 | 5,775,000.00 | 7,536,834.00 | 0.32 |
| BL5133808 | Inmar Inc | INMARI | 8.61 | 10/30/2031 | 7,469,654.00 | 7,413,631.00 | 0.32 |
| BL5173432 | Savage Enterprises Llc | SAVENT | 6.61 | 08/04/2032 | 7,481,250.00 | 7,492,471.00 | 0.32 |
| BL5018603 | Alltech Inc | ALLTEC | 8.53 | 08/13/2030 | 7,492,554.00 | 7,511,285.00 | 0.32 |
| BL4908549 | Clydesdale Acquisition | NOVHOL | 7.41 | 04/01/2032 | 7,209,431.00 | 7,190,506.00 | 0.31 |
| BL4978641 | Recess Holdings Inc | RECESS | 8.07 | 02/20/2030 | 7,087,268.00 | 7,112,073.00 | 0.31 |
| BL5144268 | Fortress Intermediate | PSDO | 7.11 | 06/27/2031 | 7,146,000.00 | 7,110,270.00 | 0.31 |
| BL5162419 | Broadstreet Partners Inc | BROPAR | 6.91 | 06/13/2031 | 7,140,217.00 | 7,154,497.00 | 0.31 |
| BL5193216 | Qnity Electronics Inc | QNTELE | — | 08/12/2032 | 7,125,000.00 | 7,116,093.00 | 0.31 |
| BL5240587 | PARK River Holdings Inc | PRIMBP | 8.49 | 03/15/2031 | 7,195,965.00 | 7,207,204.00 | 0.31 |
| BL3674951 | Asurion Llc | ASUCOR | 9.53 | 01/20/2029 | 7,659,924.00 | 7,289,697.00 | 0.31 |
| BL4845451 | TEI Holdings Inc | CRIPRE | 8.0 | 04/09/2031 | 7,321,932.00 | 7,248,712.00 | 0.31 |
| BL4811750 | Grinding Media Inc | GRIMED | 7.7 | 10/12/2028 | 7,245,139.00 | 7,208,912.00 | 0.31 |
| 69392AAA6 | PMT Credit Risk Transfer Trust 2024-3r | PMTCR | 7.3 | 09/27/2028 | 7,031,409.00 | 7,118,430.00 | 0.31 |
| 38144GAG6 | Goldman Sachs Group Inc/the | GS | 3.65 | 02/10/2173 | 7,000,000.00 | 6,862,724.00 | 0.30 |
| BL4560209 | Zelis Payments Buyer Inc | STRATO | 6.91 | 09/28/2029 | 6,991,871.00 | 6,873,401.00 | 0.30 |
| BL4431708 | Jfl-tiger Acquisition Co | HCCI | 7.75 | 10/17/2030 | 6,848,184.00 | 6,865,304.00 | 0.30 |
| BL4922748 | Graftech Global Enterpri | EAF | 10.16 | 12/21/2029 | 6,840,553.00 | 6,943,161.00 | 0.30 |
| BL4874147 | Grant Thornton Advisors | GRATHO | 6.66 | 06/02/2031 | 7,005,765.00 | 6,979,493.00 | 0.30 |
| BL5229184 | Sharp Services Llc | SHPCOL | 6.99 | 09/29/2032 | 6,700,753.00 | 6,684,000.00 | 0.29 |
| BL5189701 | First Student Bidco Inc | FRSTST | 6.71 | 08/15/2030 | 6,792,406.00 | 6,799,198.00 | 0.29 |
| BL5272283 | Raising Cane's Restauran | RZNCAN | 2.0 | 10/24/2032 | 6,650,000.00 | 6,640,291.00 | 0.29 |
| BL3766351 | Fender Musical Instruments | FNDR | 8.26 | 12/01/2028 | 7,462,432.00 | 6,809,469.00 | 0.29 |
| B8ADVZ4C1 | Denali Intermediate Hldg Inc | — | 9.67 | 05/31/2032 | 6,786,758.00 | 6,769,791.00 | 0.29 |
| BL4583235 | Summer Bc Holdco B Sarl | KANGRP | 9.26 | 02/15/2029 | 7,008,828.00 | 6,675,908.00 | 0.29 |
| BL4686483 | Sound Inpatient Physicians Inc | SOUINP | 11.01 | 06/28/2029 | 7,459,633.00 | 6,676,371.00 | 0.29 |
| BL4843290 | Sandisk Corp | SNDK | 7.14 | 02/20/2032 | 6,807,500.00 | 6,807,500.00 | 0.29 |
| BL4755601 | Lifepoint Health Inc | RGCARE | 7.65 | 05/16/2031 | 6,736,081.00 | 6,735,029.00 | 0.29 |
| BL4778223 | Nouryon Finance Bv | SPCHEM | 7.04 | 04/03/2028 | 6,627,617.00 | 6,608,284.00 | 0.28 |
| BL4810430 | Caesars Entertain Inc | CZR | 6.41 | 02/06/2030 | 6,471,059.00 | 6,406,348.00 | 0.28 |
| BL3095082 | Plaze Inc | PLAZEI | 7.78 | 08/03/2026 | 7,114,849.00 | 6,539,734.00 | 0.28 |
| 25525PAB3 | Diversified Healthcare Trust | DHC | 4.38 | 03/01/2031 | 7,519,000.00 | 6,599,822.00 | 0.28 |
| BL4985356 | Azuria Water Solutn Inc | AEGN | 7.16 | 05/17/2028 | 6,578,200.00 | 6,606,980.00 | 0.28 |
| BL5024205 | Rockpoint Gas Storage Pa | ROCGAS | 7.0 | 09/18/2031 | 6,265,156.00 | 6,271,032.00 | 0.27 |
| BL4993863 | MPH Acquisition Holdings | MLTPLN | 9.17 | 12/31/2030 | 6,522,050.00 | 6,163,337.00 | 0.27 |
| BL5173895 | NEON Maple Us Debt Merge | NVEICN | 6.91 | 11/17/2031 | 6,289,700.00 | 6,288,574.00 | 0.27 |
| BL5203098 | Transdigm Inc | TDG | 6.5 | 08/13/2032 | 6,175,000.00 | 6,176,716.00 | 0.27 |
| BL5159126 | Radiate Holdco Llc | RADIAT | 7.78 | 09/25/2029 | 8,045,328.00 | 6,355,808.00 | 0.27 |
| BL4789857 | Trident Tpi Holdings Inc | TEKNI | 7.75 | 09/15/2028 | 6,361,333.00 | 6,196,619.00 | 0.27 |
| BL4760759 | Synechron Inc | SYNECH | 8.06 | 10/03/2031 | 5,974,875.00 | 5,945,000.00 | 0.26 |
| BL4686467 | Sound Inpatient Physicia | SOUINP | 9.26 | 06/28/2028 | 6,340,038.00 | 6,070,586.00 | 0.26 |
| BL2970889 | Natel Engineering Co Inc | NATENG | 10.52 | 04/30/2026 | 6,358,793.00 | 6,056,750.00 | 0.26 |
| 06875RAW9 | Barrow Hanley Clo Ii Ltd | BARHN | 5.58 | 03/31/2038 | 6,000,000.00 | 6,007,831.00 | 0.26 |
| BL5173952 | Starwood Property Mortga | STWD | 6.16 | 01/02/2030 | 6,017,185.00 | 6,017,185.00 | 0.26 |
| BL5147105 | CP Atlas Buyer Inc | AMBATH | 9.41 | 07/08/2030 | 6,200,000.00 | 6,107,000.00 | 0.26 |
| BL5133691 | Nourish Buyer I Inc | NOUBUY | 8.55 | 07/08/2032 | 6,000,000.00 | 5,985,000.00 | 0.26 |
| BL5174190 | Medline Borrower Lp | MEDIND | 6.16 | 10/23/2030 | 5,932,681.00 | 5,933,143.00 | 0.26 |
| BL5190030 | Jefferies Finance Llc | JEFFIN | 6.8 | 10/21/2031 | 6,079,063.00 | 5,957,481.00 | 0.26 |
| BL5023744 | PEER Holding Iii Bv | ACTINA | 6.5 | 07/01/2031 | 5,930,188.00 | 5,943,162.00 | 0.26 |
| BL5101953 | Gategroup Us Finance Inc | GATESW | 6.24 | 06/10/2032 | 5,975,549.00 | 5,968,079.00 | 0.26 |
| BL5004322 | VFH Parent Llc | VIRT | 6.66 | 06/21/2031 | 5,936,093.00 | 5,936,092.00 | 0.26 |
| BL4978401 | Vetstrategy Canada Hold | INDVET | 7.75 | 12/12/2028 | 6,053,904.00 | 6,074,081.00 | 0.26 |
| BL5260957 | PRO Mach Group Inc | PRMACH | 6.78 | 10/09/2032 | 6,075,000.00 | 6,086,390.00 | 0.26 |
| BL5179827 | Blackstone Mortgage Tr | BXMT | 6.66 | 05/09/2029 | 5,806,246.00 | 5,828,019.00 | 0.25 |
| 17327CBC6 | Citigroup Inc | C | 6.88 | 11/15/2173 | 5,685,000.00 | 5,847,275.00 | 0.25 |
| BL3280718 | Markermeer Finance Bv | GUSFIN | 5.16 | 01/29/2027 | 5,000,000.00 | 5,738,035.00 | 0.25 |
| BL4208296 | Virgin Media Bristol Llc | VMED | 7.05 | 03/31/2031 | 5,895,000.00 | 5,763,099.00 | 0.25 |
| BL4760684 | Crosby Us Acquisition Corp | CROSBY | 7.66 | 08/16/2029 | 5,797,119.00 | 5,830,452.00 | 0.25 |
| BL4780815 | Jupiter Buyer Inc | ARCHKE | 8.25 | 11/01/2031 | 5,778,688.00 | 5,807,581.00 | 0.25 |
| BL4843068 | Catawba Nation Gaming Au | CATNAT | 8.91 | 03/28/2032 | 5,815,000.00 | 5,916,762.00 | 0.25 |
| BL4686202 | Chart Industries Inc | GTLS | 6.48 | 03/15/2030 | 5,682,172.00 | 5,692,826.00 | 0.25 |
| BL4587764 | Magnera Corp | MAGN | 8.45 | 11/04/2031 | 6,164,402.00 | 5,779,126.00 | 0.25 |
| BL4649028 | GEON Performance Solutions Llc | GEPESO | 8.51 | 08/18/2028 | 6,174,824.00 | 5,649,963.00 | 0.24 |
| BL4665891 | RYAN Llc | RYNLLC | 7.66 | 11/14/2030 | 5,670,727.00 | 5,642,372.00 | 0.24 |
| BL4843258 | Discovery Energy Holding | DISENE | 7.75 | 05/01/2031 | 5,513,099.00 | 5,526,882.00 | 0.24 |
| BL3763382 | Victory Buyer Llc | VNTELV | 8.03 | 11/19/2028 | 5,617,666.00 | 5,622,345.00 | 0.24 |
| BL3786607 | Secure Acquisition Inc | PARAGN | 7.75 | 12/15/2028 | 5,572,852.00 | 5,583,300.00 | 0.24 |
| 14318VAC3 | Carlyle Us Clo 2024-2 Ltd | CGMS | 5.91 | 04/25/2037 | 5,600,000.00 | 5,621,346.00 | 0.24 |
| 902973BC9 | US Bancorp | USB | 3.7 | 01/15/2174 | 5,813,000.00 | 5,648,846.00 | 0.24 |
| BL5170917 | Fertitta Entertainment L | NUGGET | 7.41 | 01/27/2029 | 5,579,008.00 | 5,570,873.00 | 0.24 |
| BL4985299 | Boxer Parent Co Inc | BMC | 7.2 | 07/30/2031 | 5,529,161.00 | 5,489,417.00 | 0.24 |
| BL4938900 | Hunter Douglas Inc | HDCINC | 7.25 | 01/17/2032 | 5,582,813.00 | 5,577,575.00 | 0.24 |
| BL5135076 | Aggreko Holdings Inc | AGKLN | 7.22 | 05/21/2031 | 5,293,398.00 | 5,313,248.00 | 0.23 |
| BL5179868 | Covia Holdings Llc | CVIA | 6.71 | 02/26/2032 | 5,236,875.00 | 5,243,421.00 | 0.23 |
| BL5246766 | Chemours Co | CC | 7.53 | 10/04/2032 | 5,325,000.00 | 5,251,781.00 | 0.23 |
| 92840MAB8 | Vistra Corp | VST | 8.0 | 04/15/2174 | 5,225,000.00 | 5,354,990.00 | 0.23 |
| BL3840131 | Accelerated Health Syste | ACCHEA | 8.56 | 02/15/2029 | 7,193,244.00 | 5,328,992.00 | 0.23 |
| BL3925031 | IRIS Holding Inc | ITPCN | 9.16 | 06/28/2028 | 5,426,261.00 | 5,259,235.00 | 0.23 |
| BL3764356 | AMG Nv | AMGNA | 7.78 | 11/30/2028 | 5,267,255.00 | 5,240,918.00 | 0.23 |
| BL4493823 | Flint Group Packaging In | FLINT | 8.37 | 12/31/2026 | 5,707,208.00 | 5,371,909.00 | 0.23 |
| BL4862100 | Flutter Financing Bv | FLTR | 5.75 | 11/30/2030 | 5,354,696.00 | 5,327,922.00 | 0.23 |
| BL4797926 | Quimper Ab | AHSLSS | 5.86 | 03/29/2030 | 4,500,000.00 | 5,193,408.00 | 0.22 |
| BL4763795 | DAVE & Buster's Inc | PLAY | 7.56 | 11/01/2031 | 5,643,000.00 | 5,029,323.00 | 0.22 |
| BL4726834 | Clydesdale Acquisition | NOVHOL | 7.34 | 04/13/2029 | 5,138,792.00 | 5,135,225.00 | 0.22 |
| BL3684570 | Cloudera Inc | CLDR | 8.01 | 10/08/2028 | 5,233,835.00 | 4,993,952.00 | 0.22 |
| 67118VAE9 | OFSI Bsl Clo Xiii Ltd | OFSBS | 6.13 | 04/20/2037 | 5,000,000.00 | 5,008,982.00 | 0.22 |
| BL5252624 | SCIL Iv Llc | PLYIM | 4.0 | 10/08/2032 | 5,150,000.00 | 5,124,250.00 | 0.22 |
| BL5179751 | Brown Group Holding Llc | SIGLN | 6.66 | 07/01/2031 | 5,107,008.00 | 5,117,860.00 | 0.22 |
| BL5173556 | Greystar Real Estate Partner | GRSTAR | 6.81 | 08/21/2030 | 5,104,109.00 | 5,104,109.00 | 0.22 |
| BL4938967 | Gloves Buyer Inc | PROINP | 8.16 | 05/21/2032 | 5,175,000.00 | 5,086,595.00 | 0.22 |
| BL4845345 | SCIH Salt Holdings Inc | MORTON | 7.2 | 01/31/2029 | 5,142,817.00 | 5,159,690.00 | 0.22 |
| BL4990430 | Veritiv Operating Co | VRTV | 8.0 | 11/30/2030 | 5,344,461.00 | 5,119,550.00 | 0.22 |
| BL5042678 | Vista Management Holding | VSTJET | 7.74 | 04/01/2031 | 5,167,800.00 | 5,196,868.00 | 0.22 |
| BL4995835 | Quikrete Holdings Inc | QUIKHO | 6.41 | 04/14/2031 | 4,974,937.00 | 4,979,603.00 | 0.21 |
| BL4991073 | Charlotte Buyer Inc | KND | 8.3 | 02/11/2028 | 4,866,344.00 | 4,846,066.00 | 0.21 |
| BL5017167 | Aadvantage Loyalty Ip | AAL | 6.13 | 04/20/2028 | 4,896,031.00 | 4,892,971.00 | 0.21 |
| BL4985547 | Michael Baker Intl | MICBAK | 8.31 | 12/01/2028 | 4,853,929.00 | 4,856,963.00 | 0.21 |
| BL4977171 | Acuren Delaware Holdco Inc | ROCSER | 6.91 | 07/30/2031 | 4,812,877.00 | 4,808,867.00 | 0.21 |
| BL5164258 | SGH2 Llc | COLCAP | 8.51 | 08/18/2032 | 4,950,000.00 | 4,950,000.00 | 0.21 |
| BL5126653 | Reworld Holding Corp | CVA | 6.25 | 11/30/2028 | 4,928,418.00 | 4,928,417.00 | 0.21 |
| BL5192010 | Belfor Holdings Inc | BELFUS | 6.91 | 11/01/2030 | 4,910,809.00 | 4,916,947.00 | 0.21 |
| BL5230414 | Pegasus Bidco Bv | REFRLN | 6.76 | 07/12/2029 | 4,925,281.00 | 4,922,202.00 | 0.21 |
| XS23881984 | ST Pauls Clo | SPAUL | 2.5 | 01/17/2032 | 4,500,000.00 | 4,881,106.00 | 0.21 |
| BL3971142 | Cornerstone Building | CNR | 9.66 | 08/01/2028 | 5,417,448.00 | 4,984,052.00 | 0.21 |
| BL4728046 | Amentum Holdings Inc | AMNTEC | 6.41 | 09/29/2031 | 4,893,985.00 | 4,847,085.00 | 0.21 |
| BL4673192 | Ineos Us Finance Llc | INEGRP | 7.41 | 02/18/2030 | 5,849,972.00 | 4,982,227.00 | 0.21 |
| BL4622678 | Lumen Technologies Inc | LUMN | 6.63 | 04/15/2029 | 5,013,603.00 | 4,974,436.00 | 0.21 |
| BL4684488 | University Support Services | STGEOR | 6.91 | 02/10/2029 | 4,860,233.00 | 4,755,737.00 | 0.20 |
| BL4728491 | Harbourvest Partners Lp | HAPART | 6.25 | 04/18/2030 | 4,573,828.00 | 4,573,828.00 | 0.20 |
| BL4569150 | Imagine Learning Llc/az | WELDNE | 7.66 | 12/21/2029 | 5,027,551.00 | 4,552,030.00 | 0.20 |
| BL4687465 | APRO Llc | UNIPAC | 7.68 | 07/09/2031 | 4,756,864.00 | 4,733,079.00 | 0.20 |
| BL4843407 | Omnia Partners Llc | NATIPA | 6.81 | 07/25/2030 | 4,641,367.00 | 4,640,207.00 | 0.20 |
| B8AE093V0 | Parfums De Marly | — | — | 09/01/2028 | 4,665,000.00 | 4,618,350.00 | 0.20 |
| 05613UAJ0 | BX Trust 2025-dime | BX | 7.03 | 02/15/2030 | 4,750,000.00 | 4,747,042.00 | 0.20 |
| XS27599831 | United Group Bv | ADRBID | 6.29 | 02/01/2029 | 4,000,000.00 | 4,668,128.00 | 0.20 |
| BL5258522 | PAC Aviation Internation | PACDAC | 3.25 | 10/09/2030 | 4,750,000.00 | 4,684,687.00 | 0.20 |
| BL5176518 | Entain Holdings Gibralta | ENTLN | 6.37 | 10/31/2029 | 4,665,692.00 | 4,662,048.00 | 0.20 |
| BL5177623 | Azorra Soar Tlb Finance | AZORRA | 6.79 | 10/18/2029 | 4,561,644.00 | 4,573,048.00 | 0.20 |
| BL5121795 | Colossus Acquireco Llc | COLPLN | 6.05 | 07/30/2032 | 4,600,000.00 | 4,575,081.00 | 0.20 |
| BL5142775 | Kuehg Corp | KNOLEA | 6.75 | 06/12/2030 | 4,741,542.00 | 4,723,761.00 | 0.20 |
| BL5173788 | Cppib Ovm Member Us Llc | CPPOVM | 6.5 | 08/20/2031 | 4,626,869.00 | 4,634,096.00 | 0.20 |
| BL4875664 | Examworks Bidco Inc | EXAM | 6.91 | 11/01/2028 | 4,676,500.00 | 4,694,036.00 | 0.20 |
| BL5094885 | Pregis Topco Llc | PREGIS | 8.16 | 02/01/2029 | 4,329,372.00 | 4,353,724.00 | 0.19 |
| BW5YW59 | Avoca Capital Clo X Ltd | AVOCA | 3.38 | 04/15/2035 | 3,750,000.00 | 4,296,589.00 | 0.19 |
| 65535HCC1 | Nomura Holdings Inc | NOMURA | 7.0 | 01/15/2174 | 4,295,000.00 | 4,444,165.00 | 0.19 |
| 239086AQ4 | Davis Park Clo Ltd | DAVIS | 5.58 | 07/20/2038 | 4,500,000.00 | 4,508,257.00 | 0.19 |
| 73015AAA5 | PMT Credit Risk Transfer Trust 2024-1r | PMTCR | 7.68 | 05/25/2033 | 4,317,869.00 | 4,368,492.00 | 0.19 |
| BL3595057 | Corelogic Inc | CLGX | 7.78 | 06/02/2028 | 4,410,092.00 | 4,400,169.00 | 0.19 |
| BL4583441 | Trulite Glass & Aluminum Solutions Llc | TRUGLA | 9.98 | 03/01/2030 | 4,478,861.00 | 4,411,678.00 | 0.19 |
| BL4811875 | Cotiviti Inc | VCVHHO | 6.88 | 05/01/2031 | 4,459,602.00 | 4,281,217.00 | 0.18 |
| BL4752848 | Froneri Us Inc | ICECR | 6.2 | 09/30/2031 | 4,169,250.00 | 4,135,633.00 | 0.18 |
| 67515BAC6 | Ocean Trails Clo Xv Ltd | OCTR | 6.4 | 01/15/2037 | 4,250,000.00 | 4,255,513.00 | 0.18 |
| BL4998318 | HP Phrg Borrower Llc | PHRGUS | 8.0 | 02/20/2032 | 4,289,250.00 | 4,160,572.00 | 0.18 |
| BL4986826 | EAB Global Inc | EABGLO | 7.16 | 08/16/2030 | 4,512,134.00 | 4,286,527.00 | 0.18 |
| BL4987774 | Hireright Holdings Corp | HRT | 7.41 | 09/27/2030 | 4,666,370.00 | 4,153,068.00 | 0.18 |
| BL4990307 | Sinclair Television Grou | SBGI | 8.36 | 12/31/2030 | 4,606,533.00 | 4,168,912.00 | 0.18 |
| BL5168127 | Belron Finance 2019 Llc | BELRON | 6.74 | 10/16/2031 | 4,144,010.00 | 4,161,277.00 | 0.18 |
| BL5133790 | Nexstar Media Inc | NXST | 6.66 | 06/28/2032 | 4,039,875.00 | 4,041,676.00 | 0.17 |
| BL5126513 | Bausch + Lomb Corp | BLCOCN | 8.41 | 01/15/2031 | 3,990,000.00 | 4,006,626.00 | 0.17 |
| BL5202140 | Starwood Property Mortga | STWD | 6.41 | 09/24/2032 | 4,025,000.00 | 4,035,062.00 | 0.17 |
| BL5225620 | Plastipak Packaging Inc | PLASPK | 6.66 | 09/10/2032 | 3,925,000.00 | 3,925,816.00 | 0.17 |
| BL4979144 | Mavis Tire Express Servi | EOCGRO | 7.2 | 05/04/2028 | 3,965,936.00 | 3,972,131.00 | 0.17 |
| BL4922755 | Graftech Global Enterpri | EAF | — | 12/21/2029 | 3,908,888.00 | 3,967,520.00 | 0.17 |
| BL4985851 | Tempo Acquisition Llc | TEACLL | 5.91 | 08/31/2028 | 4,100,000.00 | 3,984,687.00 | 0.17 |
| BL5262839 | WIN Waste Innovations Ho | WHETEC | 3.25 | 03/24/2028 | 3,965,063.00 | 3,987,365.00 | 0.17 |
| SWZ9796YTF | ICE: (cdx.na.hy.45.v1) | — | 5.0 | 12/20/2030 | 52,400,000.00 | 4,047,624.00 | 0.17 |
| 91282CLP4 | United States Treasury Note/bond | T | 3.5 | 09/30/2026 | 4,050,000.00 | 4,040,666.00 | 0.17 |
| 482937AB5 | KKR Clo 32 Ltd | KKR | 6.0 | 04/15/2037 | 4,000,000.00 | 4,009,975.00 | 0.17 |
| 11283YAD2 | Brookfield Residential Properties Inc / | BRPCN | 4.88 | 02/15/2030 | 4,200,000.00 | 3,878,448.00 | 0.17 |
| BL4789873 | LC Ahab Us Bidco Llc | AMAWAT | 7.16 | 05/01/2031 | 4,021,430.00 | 4,021,430.00 | 0.17 |
| B8ADRJ0H5 | Clubcorp Holdings Inc | — | 9.16 | 04/30/2032 | 4,014,374.00 | 3,981,455.00 | 0.17 |
| BL3768035 | Altar Bidco Inc | BRKS | 6.78 | 02/01/2029 | 3,962,661.00 | 3,902,230.00 | 0.17 |
| BL3624808 | Hyster-yale Group Inc | HY | 7.78 | 05/26/2028 | 3,799,804.00 | 3,728,557.00 | 0.16 |
| BL3852888 | Latham Pool Products Inc | LATPOO | 8.35 | 02/23/2029 | 3,679,500.00 | 3,661,102.00 | 0.16 |
| BL4493633 | Flint Group Topco Ltd | FLINT | 4.22 | 12/31/2027 | 5,342,595.00 | 3,723,121.00 | 0.16 |
| BL4462091 | Ineos Us Petrochem Llc | STYRO | 8.51 | 04/02/2029 | 4,431,815.00 | 3,689,485.00 | 0.16 |
| BL3473057 | Trugreen Lp | SVMSTR | 8.26 | 11/02/2027 | 3,788,530.00 | 3,708,024.00 | 0.16 |
| BL3560291 | Ingenovis Health Inc | INHEAL | 8.71 | 03/06/2028 | 12,149,855.00 | 3,766,455.00 | 0.16 |
| 92840JAD1 | Vistajet Malta Finance Plc / Vista Manag | VSTJET | 7.88 | 05/01/2027 | 3,575,000.00 | 3,631,949.00 | 0.16 |
| BL5247236 | FR Br Holdings Llc | FRBRHO | 8.19 | 10/07/2030 | 3,725,000.00 | 3,697,062.00 | 0.16 |
| BL4990398 | Arsenal Aic Parent Llc | ARNC | 6.91 | 08/18/2030 | 3,603,796.00 | 3,606,047.00 | 0.16 |
| BL5004397 | A-AP Buyer Inc | AUSPOW | 6.75 | 09/09/2031 | 3,821,125.00 | 3,811,572.00 | 0.16 |
| BL5195518 | Quidelortho Corp | QDEL | 4.0 | 08/13/2032 | 3,700,000.00 | 3,675,332.00 | 0.16 |
| BL5126489 | Tidal Waste & Recycling | TIWARE | 7.0 | 10/24/2031 | 3,681,500.00 | 3,690,703.00 | 0.16 |
| BL5174141 | Closure Systems Internat | CAINGR | 7.16 | 03/22/2029 | 3,687,088.00 | 3,699,764.00 | 0.16 |
| BL5226792 | Virtus Investment Partners | VRTS | 6.41 | 09/27/2032 | 3,400,000.00 | 3,395,750.00 | 0.15 |
| BL5227857 | RING Container Technolog | RNGCON | 6.66 | 09/15/2032 | 3,372,067.00 | 3,372,066.00 | 0.15 |
| BL5236379 | Owens-illinois Group Inc | OI | 7.16 | 09/30/2032 | 3,500,000.00 | 3,489,790.00 | 0.15 |
| BL5019718 | RED Spv Llc | NWFOOD | 6.28 | 03/15/2032 | 3,436,375.00 | 3,436,375.00 | 0.15 |
| BL5229473 | DEEP Blue Operating I Ll | DEEBLU | 6.88 | 09/17/2032 | 3,475,000.00 | 3,475,000.00 | 0.15 |
| BL5260999 | Talen Energy Supply Llc | TLN | 2.0 | 10/09/2032 | 3,500,000.00 | 3,495,625.00 | 0.15 |
| 431318AZ7 | Hilcorp Energy I Lp / Hilcorp Finance Co | HILCRP | 6.25 | 04/15/2032 | 3,750,000.00 | 3,558,434.00 | 0.15 |
| BL4814887 | Dechra Finance Us Llc | DPHLN | 7.45 | 01/27/2032 | 3,408,870.00 | 3,414,552.00 | 0.15 |
| BL4686459 | Sound Inpatient Physicia | SOUINP | 10.76 | 06/28/2028 | 3,424,100.00 | 3,543,943.00 | 0.15 |
| BL4845816 | MH Sub I Llc | INET | 8.41 | 12/31/2031 | 4,213,807.00 | 3,363,144.00 | 0.14 |
| 269809414 | Eagle Point Credit Co Inc | ECC | 7.75 | 06/30/2030 | 126,346.00 | 3,163,893.00 | 0.14 |
| 315293308 | Ferrellgas Partners Lp | FGPRB | — | — | 20,453.00 | 3,281,049.00 | 0.14 |
| 06055HAH6 | BANK Of America Corp | BAC | 6.63 | 08/01/2174 | 3,190,000.00 | 3,312,162.00 | 0.14 |
| 69377PAW4 | PPM Clo 2 Ltd | PPMC | 6.14 | 04/16/2037 | 3,250,000.00 | 3,253,242.00 | 0.14 |
| BL5024569 | Loire Finco Luxembourg | LGCLTD | 8.31 | 01/28/2030 | 3,184,020.00 | 3,186,672.00 | 0.14 |
| BL4993855 | MPH Acquisition Holdings | MLTPLN | 8.06 | 12/31/2030 | 3,282,709.00 | 3,275,870.00 | 0.14 |
| BL5018660 | American Axle & Mfg Inc | AXL | 3.25 | 09/20/2032 | 3,225,000.00 | 3,202,828.00 | 0.14 |
| BL5228111 | Pinnacle Buyer Llc | SUITCI | 6.49 | 09/10/2032 | 3,312,903.00 | 3,325,326.00 | 0.14 |
| BL5202421 | Tiger Acquisition Llc | SABIND | 6.68 | 08/23/2032 | 2,967,563.00 | 2,971,271.00 | 0.13 |
| BL5180056 | Emrld Borrower Lp | EMECLI | 6.12 | 08/04/2031 | 3,118,559.00 | 3,103,399.00 | 0.13 |
| BL5003753 | MX Holdings Us Inc | MINVIK | 6.41 | 03/17/2032 | 3,032,388.00 | 3,039,968.00 | 0.13 |
| BL4871721 | Johnstone Supply Llc | JHNSPL | 6.5 | 06/09/2031 | 2,981,342.00 | 2,982,406.00 | 0.13 |
| 691543854 | Oxford Lane Capital Corp | OXLC | 7.95 | 02/29/2032 | 119,875.00 | 3,026,843.00 | 0.13 |
| B8AC6L2G5 | Hurricane Cleanco Limited | — | 6.25 | 10/31/2029 | 2,201,534.00 | 3,056,718.00 | 0.13 |
| 25470MAG4 | DISH Network Corp | DISH | 11.75 | 11/15/2027 | 2,800,000.00 | 2,946,314.00 | 0.13 |
| BL4778249 | Nouryon Finance Bv | SPCHEM | 7.16 | 04/03/2028 | 3,065,692.00 | 3,050,363.00 | 0.13 |
| BL4573418 | Camelot Us Acquisition Llc | CCC | 6.91 | 01/31/2031 | 3,138,358.00 | 3,086,050.00 | 0.13 |
| BL3684612 | Cloudera Inc | CLDR | 10.26 | 10/08/2029 | 3,320,000.00 | 2,954,800.00 | 0.13 |
| BL4664670 | Maverick Gaming Llc | MAVGAM | 16.75 | 06/03/2028 | 3,198,052.00 | 2,878,246.00 | 0.12 |
| BL4610012 | Quikrete Holdings Inc | QUIKHO | 6.41 | 03/19/2029 | 2,835,750.00 | 2,838,052.00 | 0.12 |
| BL4810455 | Caesars Entertain Inc | CZR | 6.41 | 02/06/2031 | 2,831,875.00 | 2,803,556.00 | 0.12 |
| 86562MDK3 | Sumitomo Mitsui Financial Group Inc | SUMIBK | 6.6 | 06/05/2174 | 2,725,000.00 | 2,840,812.00 | 0.12 |
| BL5178423 | LBM Acquisition Llc | USLBMH | 9.03 | 06/06/2031 | 2,750,000.00 | 2,728,687.00 | 0.12 |
| BL5189628 | Evertec Llc | EVTC | 6.41 | 10/30/2030 | 2,705,000.00 | 2,711,762.00 | 0.12 |
| BL5173457 | Alliance Laundry Systems | ALH | 6.16 | 08/19/2031 | 2,824,639.00 | 2,826,598.00 | 0.12 |
| BL5253101 | Sunrise Financing Partnersh | SUNN | 6.43 | 02/15/2032 | 2,775,000.00 | 2,766,328.00 | 0.12 |
| BL5243532 | Madison Safety & Flow | MADSAF | 6.6 | 09/26/2031 | 2,873,985.00 | 2,879,971.00 | 0.12 |
| BL5188117 | MIP V Waste Llc | GREWAS | 6.91 | 08/20/2032 | 2,442,165.00 | 2,448,270.00 | 0.11 |
| BL4940195 | J&J Ventures Gaming Llc | JJVEGA | 7.66 | 04/26/2030 | 2,500,000.00 | 2,469,792.00 | 0.11 |
| BL4985372 | Arcis Golf Llc | ACSGLF | 6.91 | 11/24/2028 | 2,438,549.00 | 2,441,597.00 | 0.11 |
| 83617A207 | Sound Point Meridian Capital Inc | SPMC | 8.0 | 11/30/2029 | 97,015.00 | 2,442,837.00 | 0.11 |
| 91282CME8 | United States Treasury Note/bond | T | 4.25 | 12/31/2026 | 2,600,000.00 | 2,615,539.00 | 0.11 |
| 28622EAW8 | Elevation Clo 2021-13 Ltd | AWPT | 5.5 | 07/15/2034 | 2,500,000.00 | 2,493,273.00 | 0.11 |
| BL4564722 | DAVE & Buster's Inc | PLAY | 7.56 | 06/29/2029 | 2,879,598.00 | 2,636,375.00 | 0.11 |
| BL4673358 | Iridium Satellite Llc | IRDM | 6.41 | 09/20/2030 | 2,790,000.00 | 2,611,702.00 | 0.11 |
| BL3618693 | Univision Communications | UVN | 7.53 | 01/31/2029 | 2,619,068.00 | 2,573,234.00 | 0.11 |
| BL3652478 | Skillsoft Finance Ii Inc | SKIL | 9.53 | 07/14/2028 | 2,946,791.00 | 2,535,160.00 | 0.11 |
| BL3571561 | PODS Llc | PODLLC | 7.28 | 03/31/2028 | 2,343,896.00 | 2,295,918.00 | 0.10 |
| BL3726934 | Vector Wp Holdco Inc | VECWPH | 9.28 | 10/12/2028 | 2,388,293.00 | 2,244,995.00 | 0.10 |
| BL4671105 | LBM Acquisition Llc | USLBMH | 7.88 | 06/06/2031 | 2,487,406.00 | 2,399,724.00 | 0.10 |
| BL4789972 | MRC Global Us Inc | MRC | 7.66 | 10/29/2031 | 2,344,220.00 | 2,350,080.00 | 0.10 |
| BL4752996 | Paint Intermediate Iii | PAIIII | 7.24 | 10/09/2031 | 2,238,750.00 | 2,233,153.00 | 0.10 |
| 67120UAG2 | NYC Commercial Mortgage Trust 2025-3bp | NYC | 6.47 | 02/15/2042 | 2,350,000.00 | 2,351,053.00 | 0.10 |
| 165167735 | Expand Energy Corp | EXE | — | — | 22,789.00 | 2,354,331.00 | 0.10 |
| B8AC8DDQ7 | Venator Fin Sarl | — | 13.89 | 12/31/2025 | 3,146,562.00 | 2,359,921.00 | 0.10 |
| BL4938413 | Venator Finance Sarl | VNTR | 6.0 | 07/16/2026 | 3,163,809.00 | 2,372,856.00 | 0.10 |
| BL5055217 | Herschend Entertainment | HERFAM | 7.41 | 05/27/2032 | 2,344,125.00 | 2,351,450.00 | 0.10 |
| BL5116852 | Apollo Cmmrl Real Est Fin In | ARI | 7.28 | 06/13/2030 | 2,269,313.00 | 2,269,312.00 | 0.10 |
| BL5164126 | Froneri Us Inc | ICECR | 6.37 | 08/02/2032 | 2,400,000.00 | 2,397,165.00 | 0.10 |
| XS22745298 | CIFC European Funding Clo Iii Dac | CIFCE | 3.51 | 01/15/2034 | 2,000,000.00 | 2,287,771.00 | 0.10 |
| BL5246832 | EP Wealth Advisors Inc | EPWEAD | 6.89 | 10/16/2032 | 2,100,000.00 | 2,097,375.00 | 0.09 |
| BL5105350 | Flutter Financing Bv | FLTR | 6.0 | 06/04/2032 | 2,119,688.00 | 2,105,114.00 | 0.09 |
| BL5117652 | Acrisure Llc | ACRISU | 7.25 | 06/20/2032 | 1,985,037.00 | 1,987,518.00 | 0.09 |
| BL4915957 | SWF Holdings I Corp | SPRIND | — | 12/18/2029 | 2,085,714.00 | 2,085,714.00 | 0.09 |
| BL4783140 | PG Polaris Bidco Sarl | ROSGRP | 6.91 | 03/26/2031 | 2,173,575.00 | 2,179,008.00 | 0.09 |
| BL4679157 | White Cap Supply Holding | WHTCAP | 7.42 | 10/19/2029 | 2,134,716.00 | 2,138,356.00 | 0.09 |
| BL4207215 | Ineos Us Petrochem Llc | STYRO | 8.01 | 03/14/2030 | 2,541,500.00 | 2,064,968.00 | 0.09 |
| BL3571389 | WIN Waste Innovations Holdings Inc | WHETEC | 7.03 | 03/24/2028 | 2,121,808.00 | 2,120,746.00 | 0.09 |
| B8ADQ6J27 | Doncasters Us Fin Llc | — | — | 04/01/2030 | 1,800,000.00 | 1,812,006.00 | 0.08 |
| BL3835958 | Reladyne Inc | RELDYN | 7.66 | 12/23/2030 | 1,908,428.00 | 1,911,210.00 | 0.08 |
| BL4758670 | Tronox Finance Llc | TROX | 6.57 | 09/30/2031 | 2,604,717.00 | 1,851,792.00 | 0.08 |
| BL4799294 | Xplore Inc/nb | BARXPL | 6.0 | 10/24/2031 | 2,746,291.00 | 1,888,074.00 | 0.08 |
| B8AC5MQN3 | Diamond Sports Grp Llc- Cs | — | — | — | 244,231.00 | 1,786,061.00 | 0.08 |
| 92535C500 | Carlyle Credit Income Fund | CCIF | 8.75 | 10/31/2028 | 70,528.00 | 1,773,073.00 | 0.08 |
| BL4874238 | Reworld Holding Corp | CVA | 6.28 | 11/30/2028 | 1,814,483.00 | 1,815,616.00 | 0.08 |
| BL4981173 | Amwins Group Inc | AMWINS | 6.25 | 01/30/2032 | 1,969,875.00 | 1,971,845.00 | 0.08 |
| BL5126612 | Beacon Mobility Corp | BEAMOB | 7.25 | 08/06/2030 | 1,781,024.00 | 1,791,412.00 | 0.08 |
| BL5171782 | Olympus Wtr Us Hldg Corp | SOLEIN | — | 07/23/2032 | 1,850,000.00 | 1,836,413.00 | 0.08 |
| BL5189412 | ECL Entertainment Llc | ECLENT | 7.16 | 08/30/2030 | 1,919,827.00 | 1,910,228.00 | 0.08 |
| BL5229432 | Transdigm Inc | TDG | 6.25 | 03/22/2030 | 1,826,875.00 | 1,828,447.00 | 0.08 |
| BL5216785 | DAWN Bidco Llc | DAY | 3.0 | 10/07/2032 | 1,875,000.00 | 1,865,625.00 | 0.08 |
| CURRENCY | Currency | — | — | — | 1,898,708.00 | 1,906,318.00 | 0.08 |
| BL4915932 | SWF Holdings I Corp | SPRIND | 8.66 | 12/18/2029 | 1,564,286.00 | 1,564,285.00 | 0.07 |
| BL5023736 | PEER Holding Iii Bv | ACTINA | 6.5 | 10/26/2030 | 1,637,531.00 | 1,640,089.00 | 0.07 |
| 00737WAA7 | Adtalem Global Education Inc | ATGE | 5.5 | 03/01/2028 | 1,521,000.00 | 1,521,866.00 | 0.07 |
| BL4766657 | Windstream Services Llc | UNIT | 9.01 | 10/06/2031 | 1,550,000.00 | 1,553,875.00 | 0.07 |
| BL4611499 | Supplyone Inc | SUPONE | 7.66 | 04/19/2031 | 1,625,000.00 | 1,626,690.00 | 0.07 |
| BL3843325 | Pearls Netherlands Bidco Bv | CALDBV | 7.56 | 02/26/2029 | 1,745,625.00 | 1,635,650.00 | 0.07 |
| BL4433753 | Bombardier Recreational | BOMREC | 6.91 | 12/13/2029 | 1,656,079.00 | 1,656,423.00 | 0.07 |
| BL3676949 | Rough Country Llc | ROUCON | 7.78 | 07/28/2028 | 1,755,177.00 | 1,726,654.00 | 0.07 |
| B8AENG7Z6 | Radiate Holdco Llc | — | — | 06/26/2029 | 1,500,000.00 | 1,477,500.00 | 0.06 |
| BL3973320 | Patagonia Holdco Llc | PATAGO | 9.98 | 08/01/2029 | 1,923,482.00 | 1,469,059.00 | 0.06 |
| 67103B803 | OFS Capital Corp | OFS | 7.5 | 07/31/2028 | 56,000.00 | 1,454,320.00 | 0.06 |
| B8AC24CC5 | Heritage Power Llc | — | 9.8 | 07/20/2028 | 1,356,884.00 | 1,336,530.00 | 0.06 |
| 98887HAL8 | ZAIS Clo 3 Ltd | ZCLO3 | 6.36 | 07/15/2031 | 1,500,000.00 | 1,502,242.00 | 0.06 |
| 83611VBC1 | Sound Point Clo Xxvii Ltd | SNDPT | 7.47 | 10/25/2034 | 1,500,000.00 | 1,486,803.00 | 0.06 |
| 78412FAX2 | SESI Llc | SPN | 7.88 | 09/30/2030 | 1,385,000.00 | 1,359,037.00 | 0.06 |
| BL4938314 | MAIN Street Sports Group | DSPORT | 15.0 | 01/02/2028 | 1,745,219.00 | 1,300,188.00 | 0.06 |
| BL5189594 | First Student Bidco Inc | FRSTST | — | 08/21/2030 | 1,242,841.00 | 1,244,007.00 | 0.05 |
| BL5165487 | Lsf12 Crown Us Commercia | LSFCRO | 7.66 | 12/02/2031 | 1,122,188.00 | 1,128,266.00 | 0.05 |
| BL5125440 | Cinemark Usa Inc | CNK | 6.37 | 05/24/2030 | 1,260,144.00 | 1,259,751.00 | 0.05 |
| BL5250164 | ZAYO Group Holdings Inc | ZAYO | 3.5 | 03/11/2030 | 1,321,861.00 | 1,257,420.00 | 0.05 |
| 780082AY9 | Royal Bank Of Canada | RY | 6.5 | 11/24/2085 | 1,250,000.00 | 1,243,786.00 | 0.05 |
| 81721MAM1 | Diversified Healthcare Trust | DHC | 4.75 | 02/15/2028 | 1,275,000.00 | 1,215,328.00 | 0.05 |
| 82650BAD8 | Sierra Timeshare 2023-2 Receivables Fund | SRFC | 9.72 | 04/20/2040 | 1,023,820.00 | 1,076,940.00 | 0.05 |
| 364760AQ1 | GAP Inc/the | GAP | 3.88 | 10/01/2031 | 1,320,000.00 | 1,206,866.00 | 0.05 |
| BL4124436 | Asurion Llc | ASUCOR | 8.51 | 08/21/2028 | 1,072,500.00 | 1,075,985.00 | 0.05 |
| BL4485100 | DS Parent Inc | DAVSTA | 9.5 | 01/31/2031 | 1,308,438.00 | 1,198,855.00 | 0.05 |
| B8ADX0WW1 | Doncasters Us Finance Llc | — | 10.8 | 04/23/2030 | 1,194,000.00 | 1,205,940.00 | 0.05 |
| BL4578458 | Consolidated Energy Fin Sa | CONSEN | 8.66 | 11/15/2030 | 1,466,429.00 | 1,220,802.00 | 0.05 |
| BL4687226 | Brown Group Holding Llc | SIGLN | 6.99 | 07/01/2031 | 1,068,952.00 | 1,071,958.00 | 0.05 |
| BL4569192 | Motion Finco Sarl | MERLLN | 7.5 | 11/12/2029 | 1,150,000.00 | 991,156.00 | 0.04 |
| BL4600518 | Connect Finco Sarl | IMASF | 8.66 | 09/27/2029 | 960,197.00 | 954,196.00 | 0.04 |
| B8AE9PFD2 | Maverick Gaming Llc | — | 16.66 | 06/23/2026 | 1,036,683.00 | 933,694.00 | 0.04 |
| 25470XAY1 | DISH Dbs Corp | DISH | 7.75 | 07/01/2026 | 1,000,000.00 | 989,718.00 | 0.04 |
| 67111Q503 | OFS Credit Co Inc | OCCI | 7.88 | 10/31/2029 | 36,949.00 | 932,223.00 | 0.04 |
| 445587AE8 | HUNT Cos Inc | HUNTCO | 5.25 | 04/15/2029 | 1,025,000.00 | 997,328.00 | 0.04 |
| 10756PAH2 | Brewco Borrower Llc | — | — | 09/30/2030 | 1,224,926.00 | 1,041,187.00 | 0.04 |
| 22Q1KTAUKD | Eur/usd Fwd 20251105 57918 | EUR | — | 11/05/2025 | -34,216,133.00 | 1,016,949.00 | 0.04 |
| 78500AAA6 | SWF Holdings I Corp | SPRIND | 6.5 | 10/01/2029 | 2,550,000.00 | 916,805.00 | 0.04 |
| 527298CH4 | Level 3 Financing Inc | LVLT | 4.0 | 04/15/2031 | 1,000,000.00 | 895,924.00 | 0.04 |
| 91282CLY5 | United States Treasury Note/bond | T | 4.25 | 11/30/2026 | 600,000.00 | 603,304.00 | 0.03 |
| B8ADGKST8 | NEW Generation Gas Gathering Llc | — | 4.3 | 09/30/2029 | 681,081.00 | 670,864.00 | 0.03 |
| B8ACGKCY6 | Convergeone Hldgs Inc - Equity | — | — | — | 200,211.00 | 700,738.00 | 0.03 |
| 126307BK2 | CSC Holdings Llc | CSCHLD | 5.0 | 11/15/2031 | 2,157,000.00 | 755,066.00 | 0.03 |
| 045086AP0 | Ashton Woods Usa Llc / Ashton Woods Fina | ASHWOO | 4.63 | 04/01/2030 | 835,000.00 | 786,263.00 | 0.03 |
| 44267DAF4 | Howard Hughes Corp/the | HHH | 4.38 | 02/01/2031 | 770,000.00 | 724,141.00 | 0.03 |
| 269809877 | Eagle Point Credit Co Inc | ECC | 8.0 | 01/31/2029 | 30,058.00 | 758,062.00 | 0.03 |
| B8ADVZ6S4 | Denali Intermediate Hldg Inc | — | — | 05/31/2032 | 678,676.00 | 671,414.00 | 0.03 |
| BL4728509 | Howden Group Holdings Lt | HYPINS | 7.66 | 04/18/2030 | 646,684.00 | 649,378.00 | 0.03 |
| BL4781144 | Jupiter Buyer Inc | ARCHKE | — | 11/01/2031 | 670,118.00 | 673,677.00 | 0.03 |
| BL4799260 | Xplore Inc/nb | BARXPL | 9.28 | 10/24/2029 | 804,683.00 | 751,034.00 | 0.03 |
| SWB8AEFTRT | Trswap: Ibxxlltr Index 12/22/2025 Mslsw_ | — | — | 12/22/2025 | 497,359.00 | 609,563.00 | 0.03 |
| BL5162609 | BCP Vi Summit Holdings L | BCSUHO | 7.16 | 01/30/2032 | 598,500.00 | 598,749.00 | 0.03 |
| BL5228103 | Pinnacle Buyer Llc | SUITCI | 2.5 | 09/10/2032 | 637,097.00 | 639,485.00 | 0.03 |
| BL5229192 | NCR Atleos Corp | NCRATL | 7.03 | 04/16/2029 | 475,000.00 | 474,258.00 | 0.02 |
| SWB8AEFTZY | Trswap: Ibxxlltr Index 12/22/2025 Bnpsw_ | — | — | 12/22/2025 | 325,088.00 | 398,427.00 | 0.02 |
| S4SIKTHT4C | Eur/usd Fwd 20251202 Mslngb2x | EUR | — | 12/02/2025 | -34,216,133.00 | 394,300.00 | 0.02 |
| B8ADVAEX9 | NEW Generation Gas Gathering Llc | — | 4.3 | 09/30/2029 | 567,567.00 | 559,053.00 | 0.02 |
| B8AE3VHV3 | Clubcorp Hldgs Inc | — | — | 07/31/2032 | 436,345.00 | 432,766.00 | 0.02 |
| B8AEESFB4 | Runitonetime Llc | — | 1.0 | 04/16/2026 | 522,043.00 | 466,693.00 | 0.02 |
| B8AEMK0Z5 | Radiate Holdco Llc | — | — | 06/26/2029 | 500,000.00 | 493,750.00 | 0.02 |
| BL4493666 | Flint Group Topco Ltd | FLINT | 4.22 | 12/31/2027 | 7,242,037.00 | 416,417.00 | 0.02 |
| 019576AC1 | Allied Universal Holdco Llc / Allied Uni | UNSEAM | 6.0 | 06/01/2029 | 400,000.00 | 390,769.00 | 0.02 |
| 126307AS6 | CSC Holdings Llc | CSCHLD | 5.38 | 02/01/2028 | 475,000.00 | 393,624.00 | 0.02 |
| B8ACPYTT9 | Sound Inpatient Physicians Inc- Class A2 | — | — | — | 454,115.00 | 449,573.00 | 0.02 |
| B8AC2XW47 | Heritage Pwr Llc | — | — | — | 8,021.00 | 533,396.00 | 0.02 |
| B8ADD6450 | Aventiv Technologies Llc | — | 14.26 | 12/31/2025 | 351,699.00 | 369,723.00 | 0.02 |
| B8ACXD562 | NEW Generation Gas Gathering Llc | — | 4.04 | 09/30/2029 | 567,568.00 | 559,054.00 | 0.02 |
| B8AD64SP3 | Xplore Inc | — | — | — | 172,298.00 | 379,166.00 | 0.02 |
| 92840JAB5 | Vistajet Malta Finance Plc / Vista Manag | VSTJET | 6.38 | 02/01/2030 | 375,000.00 | 361,905.00 | 0.02 |
| 91282CMH1 | United States Treasury Note/bond | T | 4.13 | 01/31/2027 | 425,000.00 | 427,158.00 | 0.02 |
| B8A9598C3 | Ferrellgas Escrow Llc 3/30/31 Preferred | — | 8.96 | 03/30/2031 | 488,000.00 | 488,000.00 | 0.02 |
| B8ACA1AA8 | Digicel Intl Fin Ltd | — | — | — | 17,997.00 | 219,856.00 | 0.01 |
| 829259BH2 | Sinclair Television Group Inc | SBGI | 8.13 | 02/15/2033 | 200,000.00 | 204,054.00 | 0.01 |
| 126307BB2 | CSC Holdings Llc | CSCHLD | 4.13 | 12/01/2030 | 200,000.00 | 123,200.00 | 0.01 |
| 126307BD8 | CSC Holdings Llc | CSCHLD | 4.63 | 12/01/2030 | 700,000.00 | 249,345.00 | 0.01 |
| 126307BF3 | CSC Holdings Llc | CSCHLD | 3.38 | 02/15/2031 | 200,000.00 | 120,964.00 | 0.01 |
| 12687GAA7 | Cablevision Lightpath Llc | CVLGHT | 3.88 | 09/15/2027 | 200,000.00 | 195,791.00 | 0.01 |
| 12687GAB5 | Cablevision Lightpath Llc | CVLGHT | 5.63 | 09/15/2028 | 200,000.00 | 197,222.00 | 0.01 |
| 126307AQ0 | CSC Holdings Llc | CSCHLD | 5.5 | 04/15/2027 | 200,000.00 | 186,000.00 | 0.01 |
| 25470XBB0 | DISH Dbs Corp | DISH | 7.38 | 07/01/2028 | 350,000.00 | 326,985.00 | 0.01 |
| 25470XBD6 | DISH Dbs Corp | DISH | 5.13 | 06/01/2029 | 400,000.00 | 345,436.00 | 0.01 |
| 527298CB7 | Level 3 Financing Inc | LVLT | 4.88 | 06/15/2029 | 150,000.00 | 143,959.00 | 0.01 |
| 48128B523 | Jpmorgan Chase & Co | JPM | 4.2 | 09/02/2174 | 7,318.00 | 139,407.00 | 0.01 |
| 48128B549 | Jpmorgan Chase & Co | JPM | 4.63 | 09/02/2174 | 8,038.00 | 163,814.00 | 0.01 |
| BL3753912 | SK Neptune Husky Finance | LUINCO | 11.95 | 01/03/2029 | 6,859,378.00 | 205,781.00 | 0.01 |
| B8AEBG4U3 | NEW Generation Gas Gathering Llc | — | 3.85 | 09/30/2029 | 170,270.00 | 167,715.00 | 0.01 |
| B8AE3VDG0 | Clubcorp Hldgs Inc | — | — | 07/31/2032 | 261,807.00 | 259,660.00 | 0.01 |
| BL3572783 | First Brands Group Llc | TRICGR | 13.07 | 03/30/2028 | 10,730,000.00 | 150,220.00 | 0.01 |
| BL4629871 | Aventiv Technologies Llc | SECRUS | 11.76 | 03/25/2026 | 276,677.00 | 276,677.00 | 0.01 |
| QD1NJG9O3S | Gbp/usd Fwd 20251105 Mslngb2x | GBP | — | 11/05/2025 | -7,909,680.00 | 312,397.00 | 0.01 |
| J4DLMOPSUR | Gbp/usd Fwd 20251202 5 | GBP | — | 12/02/2025 | -7,909,680.00 | 168,178.00 | 0.01 |
| SWB8AEJNEM | Trswap: Ibxxlltr Index 03/20/2026 Barc_r | — | — | 03/20/2026 | 212,588.00 | 260,547.00 | 0.01 |
| SWB8AEMT5E | Trswap: Ibxxlltr Index 12/20/2025 Ms_r | — | — | 12/22/2025 | 101,366.00 | 154,644.00 | 0.01 |
| BL5126596 | Reworld Holding Corp | CVA | 6.25 | 11/30/2028 | 272,024.00 | 272,024.00 | 0.01 |
| BL5126604 | Beacon Mobility Corp | BEAMOB | 7.25 | 08/06/2030 | 243,976.00 | 245,399.00 | 0.01 |
| BL4990315 | Sinclair Television Grou | SBGI | 7.87 | 12/31/2029 | 278,600.00 | 252,133.00 | 0.01 |
| BL5040029 | Clydesdale Acquisition | NOVHOL | 7.57 | 04/01/2032 | 122,500.00 | 122,178.00 | 0.01 |
| BL5101995 | Azuria Water Solutions Inc | AEGN | — | 05/17/2028 | 305,195.00 | 306,530.00 | 0.01 |
| BL4874246 | Reworld Holding Corp | CVA | 6.28 | 11/30/2028 | 105,076.00 | 105,141.00 | 0.00 |
| SWB8AENRUS | Trswap: Ibxxlltr Index 12/20/2026 Mslsw_ | — | — | 12/22/2025 | 52,585.00 | 11,863.00 | 0.00 |
| SWB8AENRUV | Trswap: Ibxxlltr Index 03/20/2026 Mslsw_ | — | — | 03/20/2026 | 52,627.00 | 21,345.00 | 0.00 |
| TUZ5 COMDT | US 2yr Note (cbt) Dec25 | TUZ5 | — | 12/31/2025 | -63,305,625.00 | -242.00 | 0.00 |
| TYZ5 COMDT | US 10yr Note (cbt)dec25 | TYZ5 | — | 12/19/2025 | -25,351,172.00 | -114,142.00 | 0.00 |
| L5217E120 | Intelsat Emergence Sa | — | — | — | 28,359.00 | 2.00 | 0.00 |
| OEZ5 COMDT | Euro-bobl Future Dec25 | OEZ5 | — | 12/08/2025 | -1,635,749.00 | -3,538.00 | 0.00 |
| BLFHRK1 | Venator Materials Plc | VNTRF | — | — | 10,549.00 | 1.00 | 0.00 |
| RXZ5 COMDT | Euro-bund Future Dec25 | RXZ5 | — | 12/08/2025 | -1,043,990.00 | -6,727.00 | 0.00 |
| WNZ5 COMDT | US Ultra Bond Cbt Dec25 | WNZ5 | — | 12/19/2025 | 1,697,938.00 | 59,416.00 | 0.00 |
| BL4664696 | Runitonetime Llc | MAVGAM | 11.81 | 06/05/2028 | 7,574,134.00 | 7.00 | 0.00 |
| B8AEBTKP8 | Topco Units Equity | — | — | — | 27,892.00 | 2.00 | 0.00 |
| B8AE1JR66 | Mitel Networks Intl Lt | — | — | — | 125,642.00 | 1,256.00 | 0.00 |
| BL4454486 | Venator Finance Sarl | VNTR | 5.94 | 10/12/2028 | 4,486,016.00 | 89,720.00 | 0.00 |
| 39809GAA3 | Greywolf Clo Vi Ltd | GWOLF | 5.15 | 04/26/2031 | 39,107.00 | 39,106.00 | 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 |
| 021ESCAG3 | ALTA Mesa Holdings Lp / Alta Mesa Financ | ALTMES | — | 12/15/2025 | 6,725,000.00 | 6.00 | 0.00 |
| 126307BA4 | CSC Holdings Llc | CSCHLD | 5.75 | 01/15/2030 | 200,000.00 | 75,002.00 | 0.00 |
| 897051AC2 | Tronox Inc | TROX | 4.63 | 03/15/2029 | 75,000.00 | 46,135.00 | 0.00 |
| 69344A883 | PGIM Floating Rate Income Etf | PFRL | — | — | 1,597.00 | 79,739.00 | 0.00 |
| 75026JAH3 | Radiate Holdco Llc / Radiate Finance Inc | RADIAT | 9.25 | 03/25/2030 | 167,123.00 | 105,552.00 | 0.00 |
| B8AC2XW54 | Heritage Pwr Llc | — | — | — | 209,883.00 | 104,941.00 | 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 | 4.00 | 0.00 |
| B8ABZ0LS4 | Campfire Topco Ltd | — | — | — | 4,988,976.00 | 575.00 | 0.00 |
| USZ5 COMDT | US Long Bond(cbt) Dec25 | USZ5 | — | 12/19/2025 | -7,625,313.00 | -221,109.00 | -0.01 |
| VS9FIISEFO | Gbp/usd Fwd 20251105 5 | GBP | — | 11/05/2025 | 7,909,680.00 | -168,248.00 | -0.01 |
| FVZ5 COMDT | US 5yr Note (cbt) Dec25 | FVZ5 | — | 12/31/2025 | -169,604,587.00 | -120,671.00 | -0.01 |
| GO8RT73BEO | Eur/usd Fwd 20251105 Mslngb2x | EUR | — | 11/05/2025 | 34,216,133.00 | -392,778.00 | -0.02 |
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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.
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 (PIMS), member FINRA and SIPC. PGIM Investments is a registered investment advisor and investment manager to PGIM registered investment companies. PGIM Fixed Income is a unit of PGIM, Inc., a registered investment advisor. PGIM Limited acts as a subadvisor to all fixed income funds. PGIM Limited is an indirect, wholly-owned subsidiary of PGIM, Inc. (“PGIM”), the principal asset management business of Prudential Financial, Inc. (“PFI”), a company incorporated and with its principal place of business in the United States. All are Prudential Financial affiliates. PGIM is the principal asset management business of Prudential Financial, Inc. (PFI), and a trading name of PGIM, Inc. and its global subsidiaries and affiliates. ©2025 Prudential Financial, Inc. and its related entities. PGIM, PGIM Investments, PGIM Fixed Income, PGIM Limited, and the PGIM logo are service marks of Prudential Financial, Inc. and its related entities, registered in many jurisdictions worldwide.
This material is being provided for informational or educational purposes only and does not take into account the investment objectives or financial situation of any client or prospective clients. The information is not intended as investment advice and is not a recommendation. Clients seeking information regarding their particular investment needs should contact their financial professional.
INVESTMENT PRODUCTS | Are not insured by the FDIC or any federal government agency | May lose value | Are not a deposit of or guaranteed by any bank or any bank affiliate.
Prudential Financial, Inc. of the United States is not affiliated in any manner with Prudential plc, incorporated in the United Kingdom or with Prudential Assurance Company, a subsidiary of M&G plc, incorporated in the United Kingdom.
4926861 Ed. 10/2025
Fund Literature
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