USD/BRL FORWARD

NPORT-P false 0000885709 XXXXXXXX S000022678 C000065580 C000069457 C000077412 C000172680 PAYDEN & RYGEL INVESTMENT GROUP 811-06625 0000885709 549300QJNYRKYZS3P282 333 South Grand Avenue 32nd Floor Los Angeles 90071 213-625-1900 Payden Managed Income Fund S000022678 549300E8I3EQMB6RVA07 2026-10-31 2026-04-30 N 124569283.73 6647465.83 117921817.90 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 425133.97000000 0.00000000 0.00000000 2185361.86300000 BRL EUR GBP MXN PEN USD N N/A N/A BNP PARIBAS SECURITIES CORP. RCNB6OTYUAMMP879YW96 USD/BRL FORWARD 000000000 1.00000000 NC USD -105815.70000000 -0.08973377605 N/A DFE CORP US N 2 BNP PARIBAS SECURITIES CORP. RCNB6OTYUAMMP879YW96 -7960000.00000000 BRL 1493800.54000000 USD 2026-05-19 -105815.70000000 N N N BNP PARIBAS SECURITIES CORP. RCNB6OTYUAMMP879YW96 USD/GBP FORWARD 000000000 1.00000000 NC USD 11728.94000000 0.009946369729 N/A DFE CORP US N 2 BNP PARIBAS SECURITIES CORP. RCNB6OTYUAMMP879YW96 -736610.98000000 USD 550000.00000000 GBP 2026-06-17 11728.94000000 N N N CLEARWAY ENERGY OPERATING LLC 549300Z3NFMM54NWBB87 CWENA 5.75 01/15/34 144A 18539UAG0 300000.00000000 PA USD 300213.60000000 0.254586984280 Long DBT CORP US N 2 2034-01-15 Fixed 5.75000000 N N N N N N BX TRUST 2018-BILT N/A BX 2026-CSMO D 12433LAG0 300000.00000000 PA USD 302031.30000000 0.256128429309 Long ABS-O CORP US N 2 2031-02-15 Floating 6.10965000 N N N N N N BX TRUST 2018-BILT N/A BX 2025-VLT7 D 123913AG0 400000.00000000 PA USD 400649.04000000 0.339758194993 Long ABS-O CORP US N 2 2044-07-15 Floating 6.91479000 N N N N N N FREDDIE MAC STACR REMIC TRUST 2022-DNA1 5493000ISBDRXIMCHZ70 STACR 2022-DNA1 B2 35564KQZ5 175000.00000000 PA USD 181866.95000000 0.154226718378 Long ABS-O USGSE US N 2 2042-01-27 Floating 10.74516000 N N N N N N SCOR SE 96950056ULJ4JI7V3752 SCOR V6 PERP 000000000 200000.00000000 PA 239748.08000000 0.203311044783 Long DBT CORP FR N 2 N/A Fixed 6.00000000 N N N N N BRAZIL, FEDERATIVE REPUBLIC OF - SECRETARIA DO TESOURO NACIONAL 254900ZFY40OYEADAP90 BRAZIL 5.5 04/23/36 000000000 425000.00000000 PA 498846.14000000 0.423031249758 Long DBT NUSS BR N 2 2036-04-23 Fixed 5.50000000 N N N N N N ECUADOR, REPUBLICA DEL - MINISTERIO DE FINANZAS Y CREDITO PUBLICO 5299003Y2U5XK0A35H71 ECUA 6.9 07/31/35 REGS 000000000 218686.00000000 PA USD 202393.89000000 0.171633963590 Long DBT NUSS EC N 2 2035-07-31 Variable 6.90000000 N N N N N N Grifols International Services Designated Activity Company N/A GRIFOLS INTERNATIONAL SERVICES DAC 000000000 575000.00000000 PA 679275.76000000 0.576039084282 Long LON CORP IE N 2 2033-04-01 Floating 0.00000000 N N N N N N ROMANIA, REPUBLIC OF - MINISTRY OF FINANCE 315700IASY927EDWBK92 ROMANI 6 09/24/44 144A 000000000 25000.00000000 PA 27355.17000000 0.023197717341 Long DBT NUSS RO N 2 2044-09-24 Fixed 6.00000000 N N N N N N ENERGUATE TRUST 2.0 2549000ZL9MU01FZK194 EGUATE 6.35 09/15/35 144A 29277RAB1 250000.00000000 PA USD 250912.39000000 0.212778597267 Long DBT CORP KY N 2 2035-09-15 Fixed 6.35000000 N N N N N N MORGAN STANLEY & CO. LLC 9R7GPTSO7KV3UQJZQ078 EUR/USD FORWARD 000000000 1.00000000 NC USD -150766.00000000 -0.12785250658 N/A DFE CORP US N 2 MORGAN STANLEY & CO. LLC 9R7GPTSO7KV3UQJZQ078 -9008000.00000000 EUR 10444998.53000000 USD 2026-06-17 -150766.00000000 N N N MUTHOOT FINANCE LTD 335800HAMJMBFL4RRF02 MUTHIN 5.75 08/04/30 144A 62828L2F9 850000.00000000 PA USD 843567.46000000 0.715361648100 Long DBT CORP IN N 2 2030-08-04 Fixed 5.75000000 N N N N N N BRAVO RESIDENTIAL FUNDING TRUST 2025-NQM6 254900U9H6FFPW4O4S55 BRAVO 2025-NQM6 M1 10570MAF7 475000.00000000 PA USD 474407.06000000 0.402306433574 Long ABS-O CORP US N 2 2065-06-25 Variable 6.02600000 N N N N N N COTE D'IVOIRE, REPUBLIC OF 254900ICW11T82O6H590 IVYCST 4.875 01/30/32 REGS 000000000 350000.00000000 PA 395144.81000000 0.335090500669 Long DBT NUSS CI N 2 2032-01-30 Fixed 4.87500000 N N N N N N C&W SENIOR FINANCE LTD 213800CG16G1YMJRCG10 CWCFIN 9 01/15/33 144A 12665MAA0 250000.00000000 PA USD 256421.42000000 0.217450362084 Long DBT CORP KY N 2 2033-01-15 Fixed 9.00000000 N N N N N N OCP CLO 2019-17 LTD 2549003HLFPQ7ATPYA23 OCP 2019-17A D1R2 67113LBC9 175000.00000000 PA USD 174994.58000000 0.148398814669 Long ABS-CBDO CORP KY N 2 2037-07-20 Floating 6.77523000 N N N N N N Sword Purchaser, LLC 254900S0VY2QTAITBR94 Sealed Air Term Loan B 400 2033-03-18 87110SAB8 725000.00000000 PA USD 705062.50000000 0.597906742412 Long LON CORP US N 2 2033-04-11 Floating 7.65217000 N N N N N N TURKEY, REPUBLIC OF UNDERSECRETARIAT OF TREASURY 5493000PCHOG3B6S3Q85 TURKEY 6.875 01/14/38 900123DU1 250000.00000000 PA USD 239679.45000000 0.203252845205 Long DBT NUSS TR N 2 2038-01-14 Fixed 6.87500000 N N N N N N OPAL BIDCO SAS 969500R96XT7XY2UJ564 OPALBD 5.5 03/31/32 REGS 000000000 150000.00000000 PA 178651.59000000 0.151500030428 Long DBT CORP FR N 2 2032-03-31 Fixed 5.50000000 N N N N N N FREDDIE MAC STACR REMIC TRUST N/A STACR 2026-DNA2 M2 35564UDR5 200000.00000000 PA USD 200970.80000000 0.170427155533 Long ABS-O USGSE US N 2 2046-03-26 Floating 5.24516000 N N N N N N FLUTTER TREASURY DAC 635400JE8VLL9UFVIC38 FLTR 5.875 06/04/31 144A 344045AB5 275000.00000000 PA USD 274186.00000000 0.232515072174 Long DBT CORP IE N 2 2031-06-04 Fixed 5.87500000 N N N N N N CHICAGO MERCANTILE EXCHANGE SNZ2OJLFK8MNNCLQOF39 Three-Month SOFR Futures, Mar-2027,ETH 000000000 157.00000000 NC USD -16196.12000000 -0.01373462543 N/A DIR CORP US N 1 CHICAGO MERCANTILE EXCHANGE SNZ2OJLFK8MNNCLQOF39 Long THE SECURED OVERNIGHT FINANCING RATE THE SECURED OVERNIGHT FINANCING RATE 2027-06-16 37798246.12000000 USD -16196.12000000 N N N Clean Energy Future- Trumbull, LLC 549300LWTKDEVJBZOA84 CLEAN ENERGY FUTURE-TRUMBULL LLC 000000000 500000.00000000 PA USD 501875.00000000 0.425599782073 Long LON CORP US N 2 2033-04-21 Floating 0.00000000 N N N N N N PIRAEUS BANK SA (NEW) 213800OYHR1MPQ5VJL60 TPEIR V6.75 PERP 000000000 300000.00000000 PA 364400.89000000 0.309019057278 Long DBT CORP GR N 2 N/A Fixed 6.75000000 N N N N N N ARTEMIS GOLD INC 529900GXBX7DGL5YMO49 ARTGCN 5.625 02/15/31 144A 04302LAB6 150000.00000000 PA 111463.91000000 0.094523568229 Long DBT CORP CA N 2 2031-02-15 Fixed 5.62500000 N N N N N N KIER GROUP PLC 2138002RKCU2OM4Y7O48 KIELN 9 02/15/29 000000000 350000.00000000 PA 497332.26000000 0.421747450011 Long DBT CORP GB N 2 2029-02-15 Fixed 9.00000000 N N N N N N COMPANIA DE MINAS BUENAVENTURA SA 529900WQB1ZU9KB6EL71 BUENAV 6.8 02/04/32 144A 204448AB0 575000.00000000 PA USD 590916.00000000 0.501108285577 Long DBT CORP PE N 2 2032-02-04 Fixed 6.80000000 N N N N N N PAYDEN & RYGEL INVESTMENT GROUP (THE) 549300QJNYRKYZS3P282 Payden Emerging Markets Local Bond Fund 70432T867 574078.95200000 NS USD 5534121.10000000 4.693042558666 Long EC RF US N 1 N N N COMM 2025-167G MORTGAGE TRUST N/A COMM 2025-167G E 12674VAL5 250000.00000000 PA USD 248995.58000000 0.211153105026 Long ABS-O CORP US N 2 2040-08-10 Variable 8.47447000 N N N N N N AECOM 0EEB8GF0W0NPCIHZX097 ACM 6 08/01/33 144A 00766TAE0 250000.00000000 PA USD 252230.75000000 0.213896592243 Long DBT CORP US N 2 2033-08-01 Fixed 6.00000000 N N N N N N FLUTTER TREASURY DAC 635400JE8VLL9UFVIC38 FLTR 6.125 06/04/31 REGs 000000000 325000.00000000 PA 436070.56000000 0.369796334355 Long DBT CORP IE N 2 2031-06-04 Fixed 6.12500000 N N N N N N UNIVISION COMMUNICATIONS INC 549300YQDE2JSGTL8V47 UVN 8.875 04/15/33 144A 914906BB7 150000.00000000 PA USD 150929.32000000 0.127991005131 Long DBT CORP US N 2 2033-04-15 Fixed 8.87500000 N N N N N N HSBC SECURITIES (USA) INC. CYYGQCGNHMHPSMRL3R97 NOK/USD FORWARD 000000000 1.00000000 NC USD 45853.38000000 0.038884559970 N/A DFE CORP US N 2 HSBC SECURITIES (USA) INC. CYYGQCGNHMHPSMRL3R97 -1726328.62000000 USD 16422000.00000000 NOK 2026-05-20 45853.38000000 N N N MIC Glen LLC 549300XD843A2SP50882 MIC GLEN LLC 55304PAH4 378350.32000000 PA USD 381136.87000000 0.323211494520 Long LON CORP US N 2 2028-07-21 Floating 6.90217000 N N N N N N VIKING BAKED GOODS ACQUISITION CORP 254900DBFD2H1FJK0893 RISBAK 8.625 11/01/31 144A 92676AAA5 360000.00000000 PA USD 368465.72000000 0.312466112346 Long DBT CORP US N 2 2031-11-01 Fixed 8.62500000 N N N N N N INTOWN 2025-STAY MORTGAGE TRUST N/A TOWN 2025-STAY D 46117WAG7 350000.00000000 PA USD 350189.77000000 0.296967750528 Long ABS-O CORP US N 2 2042-03-17 Floating 6.50471000 N N N N N N SWCH COMMERCIAL MORTGAGE TRUST 2025-DATA N/A SWCH 2025-DATA E 78489CAE9 575000.00000000 PA USD 569836.96000000 0.483232848804 Long ABS-O CORP US N 2 2042-02-18 Floating 6.99493000 N N N N N N CALUMET SPECIALTY PRODUCTS PARTNERS LP/CALUMET FINANCE CORP N/A CLMT 9.75 02/15/31 144A 131477BA8 500000.00000000 PA USD 530193.50000000 0.449614422031 Long DBT CORP US N 2 2031-02-15 Fixed 9.75000000 N N N N N N TURKEY, REPUBLIC OF UNDERSECRETARIAT OF TREASURY 5493000PCHOG3B6S3Q85 TURKEY 6.375 05/22/31 900123DV9 275000.00000000 PA USD 273257.38000000 0.231727584314 Long DBT NUSS TR N 2 2031-05-22 Fixed 6.37500000 N N N N N N United Natural Foods Inc 549300GKGW6WPZ282D40 United Natural Foods Term Loan B 475 2031-04-15 91116KAD7 334458.75000000 PA USD 336883.58000000 0.285683842056 Long LON CORP US N 2 2031-04-25 Floating 8.40217000 N N N N N N HENLEY CLO XII DAC 635400SQELBB2FR6QN30 HNLY 12X D 000000000 100000.00000000 PA 117361.60000000 0.099524924301 Long ABS-O CORP IE N 2 2038-01-15 Floating 5.30400000 N N N N N N ROMANIA, REPUBLIC OF - MINISTRY OF FINANCE 315700IASY927EDWBK92 ROMANI 5.875 07/11/32 144A 000000000 200000.00000000 PA 240914.74000000 0.204300395202 Long DBT NUSS RO N 2 2032-07-11 Fixed 5.87500000 N N N N N N BCPE FLAVOR DEBT MERGER SUB LLC N/A SIZPLT 9.5 07/01/32 144A 072933AA2 350000.00000000 PA USD 305523.65000000 0.259090010178 Long DBT CORP US N 2 2032-07-01 Fixed 9.50000000 N N N N N HSBC SECURITIES (USA) INC. CYYGQCGNHMHPSMRL3R97 AUD/USD FORWARD 000000000 1.00000000 NC USD 38343.14000000 0.032515730068 N/A DFE CORP US N 2 HSBC SECURITIES (USA) INC. CYYGQCGNHMHPSMRL3R97 -2091952.48000000 USD 2960000.00000000 AUD 2026-05-20 38343.14000000 N N N EP Wealth Advisors LLC 254900EMIFA00FZWU856 EP Wealth Advisors Term Loan B 300 2032-09-22 29416NAB2 700000.00000000 PA USD 701750.00000000 0.595097677848 Long LON CORP US N 2 2032-10-18 Floating 6.69961000 N N N N N N CVR ENERGY INC 529900SOYZIXZBTXB558 CVI 7.875 02/15/34 144A 12662PAJ7 125000.00000000 PA USD 125458.25000000 0.106391041313 Long DBT CORP US N 2 2034-02-15 Fixed 7.87500000 N N N N N N CIFC FUNDING 2018-IV LTD 254900PA63PFHC11GD90 CIFC 2018-4A D1R 17181TAQ4 975000.00000000 PA USD 965789.18000000 0.819008048891 Long ABS-CBDO CORP KY N 2 2038-01-19 Variable 6.48163000 N N N N N N TORY COMMERCIAL MORTGAGE TRUST 2026-HGTS N/A TORY 2026-HGTS D 89148WAG0 475000.00000000 PA USD 465840.58000000 0.395041891565 Long ABS-O CORP US N 2 2046-01-16 Variable 6.28049700 N N N N N N EMRLD Borrower LP 5493000GJYE7GAQCUC61 EMRLD BORROWER LP 26872NAD1 718695.36000000 PA USD 720510.07000000 0.611006582862 Long LON CORP US N 2 2031-08-04 Floating 5.94961000 N N N N N N OFFICE CHERIFIEN DES PHOSPHATES SA 213800D26TAPVTCVWG40 OCPMR V6.7405 PERP 144a 67091TAK1 225000.00000000 PA USD 224238.21000000 0.190158372719 Long DBT CORP MA N 2 N/A Fixed 6.74050000 N N N N N N HA SUSTAINABLE INFRASTRUCTURE CAPITAL INC 254900ZZRL7MWL1X8E92 HASI V8 06/01/56 41068XAG5 300000.00000000 PA USD 318555.00000000 0.270140848973 Long DBT CORP US N 2 2056-06-01 Fixed 8.00000000 N N N N N N PETSMART LLC 894500NGJMHSFNESGA67 PETM 7.5 09/15/32 71677KAC2 275000.00000000 PA USD 278672.24000000 0.236319491136 Long DBT CORP US N 2 2032-09-15 Fixed 7.50000000 N N N N N N CRESCENT ENERGY FINANCE LLC 54930061FUL6DBLFUW14 CRGYFN 7.875 04/15/32 144A 516806AK2 450000.00000000 PA USD 466771.50000000 0.395831329869 Long DBT CORP US N 2 2032-04-15 Fixed 7.87500000 N N N N N N ALBANIA, REPUBLIC OF - MINISTRY OF FINANCE (MINISTRIA E FINANCAVE) 254900EDM43U3SGRND29 ALBANI 4.75 02/14/35 144A 000000000 375000.00000000 PA 437751.28000000 0.371221617674 Long DBT NUSS AL N 2 2035-02-14 Fixed 4.75000000 N N N N N N BARCLAYS PLC 213800LBQA1Y9L22JB70 RON/USD FORWARD 000000000 1.00000000 NC USD 30592.58000000 0.025943104121 N/A DFE CORP US N 2 BARCLAYS PLC 213800LBQA1Y9L22JB70 -6758000.00000000 RON 1554993.47000000 USD 2026-05-21 30592.58000000 N N N BRAZIL, FEDERATIVE REPUBLIC OF - SECRETARIA DO TESOURO NACIONAL 254900ZFY40OYEADAP90 BNTNF 10 01/01/31 NTNF 000000000 8000000.00000000 PA 1421656.48000000 1.205592404626 Long DBT NUSS BR N 2 2031-01-01 Fixed 10.00000000 N N N N N N Bulldog Purchaser Inc 254900JB2GC3Q5OISZ63 BULLDOG PURCHASER INC 12021GAH7 350000.00000000 PA USD 351443.75000000 0.298031150009 Long LON CORP US N 2 2033-02-04 Floating 6.91320000 N N N N N N BKV UPSTREAM MIDSTREAM LLC 254900LG75NBYHBBAU18 BKVCOR 7.5 10/15/30 144A 05619CAA3 700000.00000000 PA USD 719254.90000000 0.609942174237 Long DBT CORP US N 2 2030-10-15 Fixed 7.50000000 N N N N N N TXNM ENERGY INC 5493003JOBJGLZSDDQ28 TXNM V7 07/31/56 144A 69349HAJ6 400000.00000000 PA USD 398935.12000000 0.338304757426 Long DBT CORP US N 2 2056-07-31 Fixed 7.00000000 N N N N N N Hillenbrand Inc 254900H70V4IL22BHL88 Hillenbrand Term Loan B 350 2033-01-07 54913EAB8 392351.11000000 PA USD 393039.69000000 0.333305317878 Long LON CORP US N 2 2033-02-10 Floating 7.15217000 N N N N N N EDGED COMPUTE LLC N/A EDGCOM 7.5 04/30/31 144A 28002AAA4 575000.00000000 PA USD 564100.45000000 0.478368176513 Long DBT CORP US N 2 2031-04-30 Fixed 7.50000000 N N N N N N UNITED MEXICAN STATES - SECRETARIA DE HACIENDA Y CREDITO PUBLICO 254900EGTWEU67VP6075 MEX 4.875 05/16/36 000000000 100000.00000000 PA 116163.45000000 0.098508869748 Long DBT NUSS MX N 2 2036-05-16 Fixed 4.87500000 N N N N N N HIH TRUST 2024-61P N/A HIH 2024-61P D 40444VAG6 228844.84000000 PA USD 229802.37000000 0.194876888850 Long ABS-O CORP US N 2 2041-10-15 Floating 7.31310000 N N N N N N CPTS 2019-CPT MORTGAGE TRUST N/A CPTS 2019-CPT D 12654YAJ8 425000.00000000 PA USD 370756.53000000 0.314408763876 Long ABS-O CORP US N 2 2039-11-16 Variable 3.09669300 N N N N N N CONNECTICUT AVENUE SECURITIES TRUST 2023-R05 N/A CAS 2023-R05 1B2 207942AD5 550000.00000000 PA USD 606752.58000000 0.514538014088 Long ABS-O USGSE US N 2 2043-06-25 Floating 10.49516000 N N N N N N BNP PARIBAS SECURITIES CORP. RCNB6OTYUAMMP879YW96 USD/CAD FORWARD 000000000 1.00000000 NC USD -1503.09000000 -0.00127464961 N/A DFE CORP US N 2 BNP PARIBAS SECURITIES CORP. RCNB6OTYUAMMP879YW96 -746000.00000000 CAD 548810.77000000 USD 2026-06-17 -1503.09000000 N N N FREDDIE MAC STACR REMIC TRUST 2021-DNA7 5493000ISOMSKCX2AW62 STACR 2021-DNA7 B2 35564KNE5 650000.00000000 PA USD 672294.48000000 0.570118822769 Long ABS-O USGSE US N 2 2041-11-25 Floating 11.44516000 N N N N N N LIFE 2022-BMR2 MORTGAGE TRUST N/A LIFE 2022-BMR2 C 53218DAG3 150000.00000000 PA USD 132087.20000000 0.112012520119 Long ABS-O CORP US N 2 2038-05-17 Floating 5.74783000 N N N N N N Qnity Electronics, Inc. 254900RSUG4J9TFFZX53 Qnity Electronics Term Loan B 200 2032-08-03 74737SAB9 349125.00000000 PA USD 350943.94000000 0.297607301388 Long LON CORP US N 2 2032-11-01 Floating 5.65217000 N N N N N N ROMANIA, REPUBLIC OF - MINISTRY OF FINANCE 315700IASY927EDWBK92 ROMANI 4.625 03/04/33 144A 000000000 350000.00000000 PA 389493.83000000 0.330298359486 Long DBT NUSS RO N 2 2033-03-04 Fixed 4.62500000 N N N N N N PetsMart LLC 894500NGJMHSFNESGA67 PetSmart Term Loan B 400 2032-08-02 71677HAN5 425000.00000000 PA USD 427258.88000000 0.362323857966 Long LON CORP US N 2 2032-08-18 Floating 7.65234000 N N N N N N Fr Br Holdings, L.L.C. 549300FJFG2CK1VX3Y85 FR BR Holdings (Blue Racer) Term Loan B 425 2030-09-23 30260XAD1 364246.20000000 PA USD 365612.12000000 0.310046203926 Long LON CORP US N 2 2030-10-09 Floating 7.94961000 N N N N N N FREDDIE MAC STACR REMIC TRUST 2021-HQA1 5493000ISMYB8CLVZD05 STACR 2021-HQA1 B2 35564KCP2 275000.00000000 PA USD 323185.42000000 0.274067535385 Long ABS-O USGSE US N 2 2033-08-25 Floating 8.64516000 N N N N N N Omnia Partners, LLC 254900ZD1P5CVG9GOS22 OMNIA Partners Term Loan B 275 2030-07-01 68218HAE7 738513.81000000 PA USD 743591.09000000 0.630579737695 Long LON CORP US N 2 2032-12-31 Floating 6.43328000 N N N N N N PLYM COMMERCIAL MORTGAGE TRUST 2026-IND N/A PLYM 2026-IND D 69292BAG2 425000.00000000 PA USD 423874.39000000 0.359453744479 Long ABS-O CORP US N 2 2043-03-16 Floating 5.80471000 N N N N N N OAK-EAGLE ACQUIRECO INC 6488ICS9P20290MA1H31 EA 6.25 07/01/33 144a 67124CAC7 100000.00000000 PA 120928.27000000 0.102549529979 Long DBT CORP US N 2 2033-07-01 Fixed 6.25000000 N N N N N N HSBC SECURITIES (USA) INC. CYYGQCGNHMHPSMRL3R97 EUR/USD FORWARD 000000000 1.00000000 NC USD 3032.04000000 0.002571229017 N/A DFE CORP US N 2 HSBC SECURITIES (USA) INC. CYYGQCGNHMHPSMRL3R97 -1268000.00000000 EUR 1492688.38000000 USD 2026-05-21 3032.04000000 N N N BOPARAN FINANCE PLC 213800GQSQIOBR3DHN70 BOPRLN 9.375 11/07/29 REGS 000000000 90000.00000000 PA 129487.65000000 0.109808051051 Long DBT CORP GB N 2 2029-11-07 Fixed 9.37500000 N N N N N N NATIONWIDE BUILDING SOCIETY 549300XFX12G42QIKN82 NWIDE V7.5 PERP 000000000 200000.00000000 PA 277341.40000000 0.235190912876 Long DBT CORP GB N 2 N/A Fixed 7.50000000 N N N N N N BOMBARDIER INC W7L3VLU8EHQY34Z36697 BBDBCN 7 06/01/32 144A 097751CC3 175000.00000000 PA USD 182891.45000000 0.155095514347 Long DBT CORP CA N 2 2032-06-01 Fixed 7.00000000 N N N N N N ALLY FINANCIAL INC 549300JBN1OSM8YNAI90 ALLY V7.1 PERP D 02005NCB4 725000.00000000 PA USD 724697.53000000 0.614557630560 Long DBT CORP US N 2 N/A Fixed 7.10000000 N N N N N N LMDV ISSUER COMPANY LLC 254900A6HRP8XHJJGM20 LMDV 2025-1A B 538908AC8 325000.00000000 PA USD 325500.76000000 0.276030988833 Long ABS-O CORP US N 2 2055-12-15 Fixed 5.90000000 N N N N N N FREDDIE MAC STACR REMIC TRUST 2022-DNA2 5493000ISA3AUOXQEF68 STACR 2022-DNA2 B2 35564KSQ3 525000.00000000 PA USD 553621.01000000 0.469481407138 Long ABS-O USGSE US N 2 2042-02-25 Floating 12.14516000 N N N N N N Quikrete Holdings Inc 5493007KIN86DIZWZT22 Quikrete Term Loan B-3 (Incremental) 225 2032-01-23 74839XAL3 496240.61000000 PA USD 497218.20000000 0.421650724907 Long LON CORP US N 2 2032-02-10 Floating 5.90217000 N N N N N N WELLS FARGO & COMPANY PBLD0EJDB5FWOLXP3B76 WFC V6.125 PERP GG 95002YAE3 600000.00000000 PA USD 602271.60000000 0.510738055709 Long DBT CORP US N 2 N/A Fixed 6.12500000 N N N N N N CELANESE US HOLDINGS LLC CD30XVRLT4QO00B1C706 CE 7.375 02/15/34 15089QBD5 300000.00000000 PA USD 314314.20000000 0.266544567915 Long DBT CORP US N 2 2034-02-15 Fixed 7.37500000 N N N N N N GRUPPO SAN DONATO SPA 8156003649DB0704FC22 GRSADO 6.5 10/31/31 144A 000000000 275000.00000000 PA 323095.87000000 0.273991595239 Long DBT CORP IT N 2 2031-10-31 Fixed 6.50000000 N N N N N N BARCLAYS PLC 213800LBQA1Y9L22JB70 RON/USD FORWARD 000000000 1.00000000 NC USD -3147.09000000 -0.00266879366 N/A DFE CORP US N 2 BARCLAYS PLC 213800LBQA1Y9L22JB70 -1134154.20000000 USD 5014000.00000000 RON 2026-05-21 -3147.09000000 N N N BANCO DE CREDITO E INVERSIONES SA 549300E9E5Y3PKW24142 BCICI V8.75 PERP REGS 05890PAC0 250000.00000000 PA USD 268645.00000000 0.227816196174 Long DBT CORP CL N 2 N/A Fixed 8.75000000 N N N N N N CEDR COMMERCIAL MORTGAGE TRUST 2022-SNAI N/A CEDR 2022-SNAI D 12524AAL3 175000.00000000 PA USD 171159.07000000 0.145146227431 Long ABS-O CORP US N 2 2039-02-15 Floating 6.03021000 N N N N N N GDZ ELEKTRIK DAGITIM AS 984500B63B5766038A64 GDZELE 9 10/15/29 REGS 000000000 400000.00000000 PA USD 388876.04000000 0.329774461524 Long DBT CORP TR N 2 2029-10-15 Fixed 9.00000000 N N N N N N AOA TRUST 2025-1301 N/A AOA 2025-1301 D 682461AJ7 250000.00000000 PA USD 251147.20000000 0.212977720724 Long ABS-O CORP US N 2 2042-08-13 Variable 6.43011300 N N N N N N SWITCH ABS ISSUER LLC 2024-1 N/A SWTCH 2024-2A B 871044AG8 300000.00000000 PA USD 294870.03000000 0.250055532768 Long ABS-O CORP US N 2 2054-06-25 Fixed 6.20000000 N N N N N N BRAZIL, FEDERATIVE REPUBLIC OF - SECRETARIA DO TESOURO NACIONAL 254900ZFY40OYEADAP90 BRAZIL 4.875 04/23/33 000000000 200000.00000000 PA 232676.11000000 0.197313876383 Long DBT NUSS BR N 2 2033-04-23 Fixed 4.87500000 N N N N N N PENTA CLO 18 DAC 635400FHVXQB2JC6GF48 PENTA 2024-18X D 000000000 700000.00000000 PA 802807.48000000 0.680796390605 Long ABS-O CORP IE N 2 2038-01-15 Floating 5.40400000 N N N N N N GHANA, REPUBLIC OF 213800PP4399SNNXZ126 GHANA 5 07/03/35 REGS 000000000 160000.00000000 PA USD 147243.89000000 0.124865688658 Long DBT NUSS GH N 2 2035-07-03 Variable 5.00000000 N N N N N N SRI LANKA, GOVERNMENT OF 254900IG6Y30I2QE2R92 SRILAN 3.6 02/15/38 REGS 000000000 320000.00000000 PA USD 302162.27000000 0.256239494421 Long DBT NUSS LK N 2 2038-02-15 Variable 3.60000000 N N N N N N MEDCO CYPRESS TREE PTE LTD 254900NKZ2Y3YZK4WC46 MEDCIJ 8.625 05/19/30 144A 58406VAA7 250000.00000000 PA USD 261748.57000000 0.221967889116 Long DBT CORP SG N 2 2030-05-19 Fixed 8.62500000 N N N N N N HSBC SECURITIES (USA) INC. CYYGQCGNHMHPSMRL3R97 AUD/USD FORWARD 000000000 1.00000000 NC USD -35925.54000000 -0.03046555814 N/A DFE CORP US N 2 HSBC SECURITIES (USA) INC. CYYGQCGNHMHPSMRL3R97 -2352000.00000000 AUD 1656795.84000000 USD 2026-05-20 -35925.54000000 N N N BX TRUST 2023-LIFE N/A BX 2023-LIFE B 05609DAC9 460000.00000000 PA USD 450288.16000000 0.381853136271 Long ABS-O CORP US N 2 2028-02-15 Fixed 5.39080000 N N N N N N McGraw-Hill Education Inc 254900U6YJ9QZ4IQOR26 McGraw-Hill Global Education Holdings Term Loan B 275 2031-08-01 58063DAG8 607231.57000000 PA USD 607866.13000000 0.515482326193 Long LON CORP US N 2 2031-08-06 Floating 6.40217000 N N N N N N ALBERTSONS COMPANIES INC 549300YKWOC0AOR16R51 ACI 5.625 03/31/32 144A 01309QAE8 250000.00000000 PA USD 246740.30000000 0.209240583629 Long DBT CORP US N 2 2032-03-31 Fixed 5.62500000 N N N N N N WELLS FARGO COMMERCIAL MORTGAGE TRUST 2018-C46 N/A WFCM 2018-C46 XA 95001QAV3 7407296.90000000 PA USD 99366.67000000 0.084264872921 Long ABS-O CORP US N 2 2051-08-17 Variable 1.06575900 N N N N N N FEDERAL NATIONAL MORTGAGE ASSOCIATION B1V7KEBTPIMZEU4LTD58 CAS 2022-R01 1B2 20754LAJ8 825000.00000000 PA USD 848370.27000000 0.719434524592 Long ABS-O USGSE US N 2 2041-12-26 Floating 9.64516000 N N N N N N SLG OFFICE TRUST COMMERCIAL MORTGAGE PASS THROUGH CERTIFICATES 2021-OVA N/A SLG 2026-OMA E 78451FAJ5 350000.00000000 PA USD 352807.77000000 0.299187865556 Long ABS-O CORP US N 2 2041-04-17 Variable 6.95631000 N N N N N N 1211 AVENUE OF THE AMERICAS TRUST COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES SERIES 2015-1211 N/A AOTA 2015-1211 E 90117PAQ8 150000.00000000 PA USD 142185.00000000 0.120575651335 Long ABS-O CORP US N 2 2035-08-10 Variable 4.28017000 N N N N N N CCO HOLDINGS LLC / CCO HOLDINGS CAPITAL CORP N/A CHTR 7.375 02/01/36 144A 1248EPCV3 425000.00000000 PA USD 417043.62000000 0.353661118380 Long DBT CORP US N 2 2036-02-01 Fixed 7.37500000 N N N N N FORESEA HOLDING SA 254900BAD50AKYGIMV79 FORSEA 7.5 06/15/30 144A 262051AA3 450000.00000000 PA USD 446394.56000000 0.378551287581 Long DBT CORP LU N 2 2030-06-15 Fixed 7.50000000 N N N N N DOVALUE SPA 8156007AF7DB5FE05555 DOBIM 5.375 11/15/31 144A 000000000 250000.00000000 PA 298214.78000000 0.252891945961 Long DBT CORP IT N 2 2031-11-15 Fixed 5.37500000 N N N N N N INTERCONTINENTAL EXCHANGE, INC. 5493000F4ZO33MV32P92 CDS CDX.NA.HY.46.V1 000000000 1.00000000 NC USD 300682.46000000 0.254984586698 N/A DCR CORP US N 2 INTERCONTINENTAL EXCHANGE, INC. 5493000F4ZO33MV32P92 IHS MARKIT LTD CDX.NA.HY.46.V1 Y Default Event 2031-06-20 281864.70000000 USD 0.00000000 USD 3900000.00000000 USD 18817.76000000 N N N HSBC SECURITIES (USA) INC. CYYGQCGNHMHPSMRL3R97 USD/GBP FORWARD 000000000 1.00000000 NC USD -59085.18000000 -0.05010538427 N/A DFE CORP US N 2 HSBC SECURITIES (USA) INC. CYYGQCGNHMHPSMRL3R97 -1792000.00000000 GBP 2379329.11000000 USD 2026-05-20 -59085.18000000 N N N JH NORTH AMERICA HOLDINGS INC 254900A6FXA0D81TL967 JHXAU 6.125 07/31/32 144A 46593WAB1 105000.00000000 PA USD 105303.35000000 0.089299293273 Long DBT CORP US N 2 2032-07-31 Fixed 6.12500000 N N N N N N LIFE 2022-BMR2 MORTGAGE TRUST N/A LIFE 2022-BMR2 B 53218DAE8 200000.00000000 PA USD 183706.70000000 0.155786862237 Long ABS-O CORP US N 2 2039-05-15 Floating 5.44862000 N N N N N N BSPDF 2026-FL3 ISSUER LLC N/A BSPDF 2026-FL3 D 05594VAJ1 400000.00000000 PA USD 399589.32000000 0.338859531777 Long ABS-CBDO CORP US N 2 2043-09-18 Floating 6.41101000 N N N N N N AAdvantage Loyality IP Ltd (American Airlines Inc) N/A American Airlines Term Loan B (Incremental) 325 2032-05-04 02376CBT1 708482.90000000 PA USD 706637.30000000 0.599242203507 Long LON CORP US N 2 2032-05-28 Floating 6.42523000 N N N N N N Evergreen AcqCo 1 LP 549300F6POVHG3ME8T95 EVERGREEN ACQCO 1 LP 30015FAJ5 381091.83000000 PA USD 382164.60000000 0.324083029591 Long LON CORP US N 2 2032-09-17 Floating 6.68598000 N N N N N N STAR PARENT INC 254900GRGCJYRMDRWT73 SYNH 9 10/01/30 144A 855170AA4 275000.00000000 PA USD 288421.10000000 0.244586714431 Long DBT CORP US N 2 2030-10-01 Fixed 9.00000000 N N N N N N GHANA, REPUBLIC OF 213800PP4399SNNXZ126 GHANA 5 07/03/35 144A 374422AP8 375000.00000000 PA USD 345102.88000000 0.292653968659 Long DBT NUSS GH N 2 2035-07-03 Variable 5.00000000 N N N N N N PHOENIX AVIATION CAPITAL LTD 8945008YQAKXZQ3VYJ15 PHOAVI 9.25 07/15/30 144A 71910DAA9 600000.00000000 PA USD 612838.80000000 0.519699247275 Long DBT CORP IE N 2 2030-07-15 Fixed 9.25000000 N N N N N N CATURUS ENERGY LLC 254900LM244SIFQ1QY31 KTGLLC 7.125 05/15/31 144A 149482AA9 400000.00000000 PA USD 401603.15000000 0.340567298869 Long DBT CORP US N 2 2031-05-15 Fixed 7.12500000 N N N N N N BX TRUST 2025-VLT6 N/A BX 2025-VLT6 D 12433KAG2 300000.00000000 PA USD 298452.93000000 0.253093901802 Long ABS-O CORP US N 2 2042-03-17 Floating 6.24630000 N N N N N N MORGAN STANLEY & CO. LLC 9R7GPTSO7KV3UQJZQ078 EUR/USD FORWARD 000000000 1.00000000 NC USD 30585.52000000 0.025937117104 N/A DFE CORP US N 2 MORGAN STANLEY & CO. LLC 9R7GPTSO7KV3UQJZQ078 -2556013.75000000 USD 2199000.00000000 EUR 2026-06-17 30585.52000000 N N N Lightning Power, LLC 254900BWCHJ03XRL8K59 Lightning Power Term Loan B 325 2031-07-28 53229LAB3 270875.00000000 PA USD 272298.45000000 0.230914392984 Long LON CORP US N 2 2031-08-18 Floating 5.90217000 N N N N N N ENERGUATE TRUST 2.0 2549000ZL9MU01FZK194 EGUATE 6.35 09/15/35 REGS 000000000 300000.00000000 PA USD 301094.87000000 0.255334318417 Long DBT CORP KY N 2 2035-09-15 Fixed 6.35000000 N N N N N N ALBERTSONS COMPANIES INC 549300YKWOC0AOR16R51 ACI 5.75 03/31/34 144A 01309QAD0 250000.00000000 PA USD 243691.88000000 0.206655464052 Long DBT CORP US N 2 2034-03-31 Fixed 5.75000000 N N N N N N ADT SECURITY CORP (THE) 5493009JEEDYLVRA0J13 ADT 5.875 10/15/33 144A 00109LAB9 200000.00000000 PA USD 197223.46000000 0.167249338173 Long DBT CORP US N 2 2033-10-15 Fixed 5.87500000 N N N N N N SOUTH AFRICA, REPUBLIC OF - NATIONAL TREASURY 378900AAFB4F17004C49 SAGB 8.5 01/31/37 2037 000000000 20164000.00000000 PA 1165485.75000000 0.988354632548 Long DBT NUSS ZA N 2 2037-01-31 Fixed 8.50000000 N N N N N N AZULE ENERGY FINANCE PLC 2138006X6O82RJSQDB63 AZURGY 8.125 01/23/30 REGS 000000000 525000.00000000 PA USD 541980.08000000 0.459609671604 Long DBT CORP GB N 2 2030-01-23 Fixed 8.12500000 N N N N N N CENTRAL AMERICAN BOTTLING CORP 549300DT8SH0CF6BTT37 CAMEBO 5.25 04/27/29 REGS 000000000 1045000.00000000 PA USD 1033720.06000000 0.876614759175 Long DBT CORP VG N 2 2029-04-27 Fixed 5.25000000 N N N N N N CONNECTICUT AVENUE SECURITIES TRUST 2021-R01 N/A CAS 2021-R01 1B2 20754RAJ5 800000.00000000 PA USD 816703.04000000 0.692580096324 Long ABS-O USGSE US N 2 2041-10-25 Floating 9.64516000 N N N N N N VERUS SECURITIZATION TRUST 2024-7 213800HQOHEFNJCQYJ07 VERUS 2024-7 B2 924925AH3 725000.00000000 PA USD 731866.77000000 0.620637285816 Long ABS-O CORP US N 2 2069-09-25 Variable 7.80191800 N N N N N N BX COMMERCIAL MORTGAGE TRUST 2025-BCAT N/A BOCA 2025-BOCA B 05619RAB8 725000.00000000 PA USD 729034.34000000 0.618235329969 Long ABS-O CORP US N 2 2042-12-15 Fixed 5.65012000 N N N N N N HSBC SECURITIES (USA) INC. CYYGQCGNHMHPSMRL3R97 USD/JPY FORWARD 000000000 1.00000000 NC USD 13293.96000000 0.011273537193 N/A DFE CORP US N 2 HSBC SECURITIES (USA) INC. CYYGQCGNHMHPSMRL3R97 -1245963.20000000 USD 196800000.00000000 JPY 2026-05-20 13293.96000000 N N N CONNECTICUT AVENUE SECURITIES TRUST 2025-R03 N/A CAS 2025-R02 1M2 20754TAD4 450000.00000000 PA USD 451792.98000000 0.383129252962 Long ABS-O USGSE US N 2 2045-02-27 Floating 5.24516000 N N N N N N CROSS 2024-H8 MORTGAGED TRUST N/A CROSS 2024-H8 M1 22757GAF0 575000.00000000 PA USD 576709.59000000 0.489060972999 Long ABS-O CORP US N 2 2069-12-25 Variable 6.47000000 N N N N N N Dangote Fertiliser Ltd. 029200238F8L0Z95I549 DANGFE 7.75 05/05/31 144A 236158AA9 275000.00000000 PA USD 280156.25000000 0.237577960541 Long DBT CORP NG N 2 2031-05-05 Fixed 7.75000000 N N N N N N NIGERIA, FEDERAL REPUBLIC OF - DEBT MANAGEMENT OFFICE (THE) 549300GSBZD84TNEQ285 NGERIA 10.375 12/09/34 REGS 000000000 200000.00000000 PA USD 239798.16000000 0.203353513599 Long DBT NUSS NG N 2 2034-12-09 Fixed 10.37500000 N N N N N N EGYPT, ARAB REPUBLIC OF - MINISTRY OF FINANCE 529900GFIVH4086NMH82 EGYPT 5.625 04/16/30 REGS 000000000 300000.00000000 PA 342077.34000000 0.290088251768 Long DBT NUSS EG N 2 2030-04-16 Fixed 5.62500000 N N N N N N KEHE DISTRIBUTORS LLC 549300WQCH7SRQ8JKE47 KEHEFO 7.125 04/30/33 144A 487930AA7 100000.00000000 PA USD 101285.24000000 0.085891857676 Long DBT CORP US N 2 2033-04-30 Fixed 7.12500000 N N N N N N ARBOR REALTY COMMERCIAL REAL ESTATE NOTES 2016-FL1 LTD N/A ARCREN 2025-FL1 D 03881KAJ2 625000.00000000 PA USD 626140.56000000 0.530979399020 Long ABS-CBDO CORP KY N 2 2043-01-21 Floating 6.95401000 N N N N N N KKR STATIC CLO I LTD N/A KSTAT 2022-1A AR2 48255QAU7 101382.26000000 PA USD 101343.53000000 0.085941288732 Long ABS-CBDO CORP KY N 2 2031-07-21 Variable 4.65523000 N N N N N N FORD MOTOR CREDIT COMPANY LLC UDSQCVRUX5BONN0VY111 F 5.869 10/31/35 345397H89 325000.00000000 PA USD 316871.78000000 0.268713445605 Long DBT CORP US N 2 2035-10-31 Fixed 5.86900000 N N N N N N METRONET INFRASTRUCTURE ISSUER LLC 5493000BIROCAEATAQ61 MNET 2026-1A C 59170JBL1 350000.00000000 PA USD 352765.49000000 0.299152011292 Long ABS-O CORP US N 2 2056-04-20 Fixed 7.10000000 N N N N N N HSBC SECURITIES (USA) INC. CYYGQCGNHMHPSMRL3R97 EUR/USD FORWARD 000000000 1.00000000 NC USD 4777.79000000 0.004051659044 N/A DFE CORP US N 2 HSBC SECURITIES (USA) INC. CYYGQCGNHMHPSMRL3R97 -603772.67000000 USD 518000.00000000 EUR 2026-05-21 4777.79000000 N N N KRE COMMERCIAL MORTGAGE TRUST 2026-ICNA N/A KRE 2026-ICNA C 48275LAE0 300000.00000000 PA USD 301652.10000000 0.255806860318 Long ABS-O CORP US N 2 2043-05-15 Variable 0.00000000 N N N N N N GOEASY LTD 5493009DJVZG2P8YV435 GSYCN 6.875 02/15/31 144A 380355AR8 200000.00000000 PA USD 166293.58000000 0.141020197077 Long DBT CORP CA N 2 2031-02-15 Fixed 6.87500000 N N N N N FREDDIE MAC STACR REMIC TRUST 2021-DNA6 5493000ISONLNOUKGB71 STACR 2021-DNA6 B2 35564KLV9 725000.00000000 PA USD 745382.65000000 0.632099015495 Long ABS-O USGSE US N 2 2041-10-25 Floating 11.14516000 N N N N N N TRTX 2025-FL7 ISSUER LTD N/A TRTX 2025-FL7 D 87277LAJ5 250000.00000000 PA USD 250873.25000000 0.212745405784 Long ABS-CBDO CORP KY N 2 2043-06-18 Floating 6.31101000 N N N N N N SCOTIABANK PERU SAA 5493001E54CPRG5J5Q41 BNSPE V6.1 10/01/35 144A 80928HAB9 325000.00000000 PA USD 333937.50000000 0.283185508794 Long DBT CORP PE N 2 2035-10-01 Fixed 6.10000000 N N N N N CEDR COMMERCIAL MORTGAGE TRUST 2022-SNAI N/A CEDR 2022-SNAI E 12524AAN9 375000.00000000 PA USD 363198.11000000 0.307999076394 Long ABS-O CORP US N 2 2039-02-15 Floating 6.67401000 N N N N N N Hologic, Inc. 549300DYP6F5ZJL0LB74 Hologic, Inc. Term Loan B 225 2033-01-04 43644ABL2 550000.00000000 PA USD 547596.50000000 0.464372505234 Long LON CORP US N 2 2033-04-07 Floating 5.92387000 N N N N N N ARIS MINING CORP 5493001GJ5TILX6L1F82 ARISCN 8 10/31/29 REGS 000000000 650000.00000000 PA USD 673114.46000000 0.570814181791 Long DBT CORP CA N 2 2029-10-31 Fixed 8.00000000 N N N N N BX COMMERCIAL MORTGAGE TRUST 2018-BIOA N/A BX 2026-RISE E 05595AAJ6 300000.00000000 PA USD 300767.04000000 0.255056312187 Long ABS-O CORP US N 2 2041-04-15 Floating 0.00000000 N N N N N N OCP CLO 2024-35 LTD 2138008SMV573POQTV86 OCP 2024-35A D1 671060AJ0 250000.00000000 PA USD 250757.00000000 0.212646823518 Long ABS-CBDO CORP JE N 2 2037-10-26 Floating 6.95798000 N N N N N N CHICAGO BOARD OF TRADE 549300EX04Q2QBFQTQ27 10-Year T-Note Futures, Jun-2026,ETH 000000000 -74.00000000 NC USD 94895.64000000 0.080473352336 N/A DIR CORP US N 1 CHICAGO BOARD OF TRADE 549300EX04Q2QBFQTQ27 Short UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT T 3.75 02/28/33 2026-06-18 -8278833.14000000 USD 94895.64000000 N N N Amneal Pharmaceuticals LLC 54930037VIXE7LRZ1M66 Amneal Pharmaceuticals Term Loan B 300 2032-08-01 03167DAS3 333325.00000000 PA USD 335199.95000000 0.284256091001 Long LON CORP US N 2 2032-08-02 Floating 6.65217000 N N N N N N KREF 2022-FL3 LTD 549300DG0FGL1EU1CT79 KREF 2022-FL3 D 48275EAJ5 300000.00000000 PA USD 300298.65000000 0.254659108337 Long ABS-CBDO CORP KY N 2 2039-02-22 Floating 6.45719000 N N N N N N SIX FLAGS ENTERTAINMENT CORP 529900AS2CYWYFHRS781 FUN 8.625 01/15/32 144A 83003AAA8 275000.00000000 PA USD 279734.40000000 0.237220223518 Long DBT CORP US N 2 2032-01-15 Fixed 8.62500000 N N N N N N SOUTH AFRICA, REPUBLIC OF - NATIONAL TREASURY 378900AAFB4F17004C49 SOAF 7.25 12/11/55 144A 836205BJ2 200000.00000000 PA USD 188714.50000000 0.160033574244 Long DBT NUSS ZA N 2 2055-12-11 Fixed 7.25000000 N N N N N N UNITED MEXICAN STATES - SECRETARIA DE HACIENDA Y CREDITO PUBLICO 254900EGTWEU67VP6075 MEX 5.375 05/16/40 000000000 200000.00000000 PA 231982.57000000 0.196725740945 Long DBT NUSS MX N 2 2040-05-16 Fixed 5.37500000 N N N N N N EXTENDED STAY AMERICA INC 549300IESZBC3BJUJW64 ESA 2025-ESH F 30227TAL4 173364.00000000 PA USD 174849.94000000 0.148276157130 Long ABS-O CORP US N 2 2042-10-15 Floating 7.75471000 N N N N N N BX TRUST 2018-BILT N/A BX 2025-VOLT D 05619PAG1 450000.00000000 PA USD 449407.80000000 0.381106573832 Long ABS-O CORP US N 2 2044-12-15 Floating 6.40471000 N N N N N N ADM ELEKTRIK DAGITIM AS 984500CB836F7EC9CF60 ADMELE 9.5 02/05/31 144A 00710QAA1 200000.00000000 PA USD 196785.31000000 0.166877778433 Long DBT CORP TR N 2 2031-02-05 Fixed 9.50000000 N N N N N N Genmab A/S 529900MTJPDPE4MHJ122 Genmab A/S Term Loan B 300 2032-11-05 37231EAB8 487500.00000000 PA USD 491124.56000000 0.416483199416 Long LON CORP US N 2 2032-12-10 Floating 6.69961000 N N N N N N Mens Wearhouse LLC (The) NKFP7BJ6WYEV4I24P532 Tailored Brands Term Loan B 575 2031-01-13 58711MAK5 375000.00000000 PA USD 378868.13000000 0.321287558780 Long LON CORP US N 2 2031-01-28 Floating 9.42130000 N N N N N N STATE STREET GLOBAL MARKETS, LLC 549300FDEDF5ORXCMQ56 EUR/USD FORWARD 000000000 1.00000000 NC USD -1676.16000000 -0.00142141635 N/A DFE CORP US N 2 STATE STREET GLOBAL MARKETS, LLC 549300FDEDF5ORXCMQ56 -490000.00000000 EUR 573979.68000000 USD 2026-05-21 -1676.16000000 N N N VB-S1 ISSUER LLC N/A VBTEL 2024-1A F 91823ABG5 200000.00000000 PA USD 205068.76000000 0.173902305486 Long ABS-O CORP US N 2 2054-05-15 Fixed 8.87100000 N N N N N N Lackawanna Energy Center LLC 549300IW2LJBNY42EC59 LACKAWANNA ENERGY CENTER 000000000 233576.62000000 PA USD 234744.50000000 0.199067911418 Long LON CORP US N 2 2032-08-05 Floating 6.41060000 N N N N N N PETROLEOS MEXICANOS SA DE CV 549300CAZKPF4HKMPX17 PEMEX 6.35 02/12/48 71654QCL4 375000.00000000 PA USD 301703.89000000 0.255850779247 Long DBT CORP MX N 2 2048-02-12 Fixed 6.35000000 N N N N N N PUGET ENERGY INC SYBSJ96YIDMIUY7WDR33 PSD V7.25 09/15/56 144a 745310AT9 225000.00000000 PA USD 226374.98000000 0.191970395327 Long DBT CORP US N 2 2056-09-15 Fixed 7.25000000 N N N N N N SLG OFFICE TRUST COMMERCIAL MORTGAGE PASS THROUGH CERTIFICATES 2021-OVA N/A SLG 2026-OMA D 78451FAG1 200000.00000000 PA USD 201828.28000000 0.171154315286 Long ABS-O CORP US N 2 2041-04-17 Variable 5.79264000 N N N N N N FEDERAL NATIONAL MORTGAGE ASSOCIATION B1V7KEBTPIMZEU4LTD58 CAS 2021-R02 2B2 20754KAJ0 925000.00000000 PA USD 948558.09000000 0.804395748719 Long ABS-O USGSE US N 2 2041-11-25 Floating 9.84516000 N N N N N N AZULE ENERGY FINANCE PLC 2138006X6O82RJSQDB63 AZURGY 8.25 01/22/31 144A 05501YAB4 200000.00000000 PA USD 206729.48000000 0.175310628415 Long DBT CORP GB N 2 2031-01-22 Fixed 8.25000000 N N N N N N SV RNO PROPERTY OWNER 1 LLC N/A TRACTC 5.875 03/01/31 144A 78488XAA2 275000.00000000 PA USD 269994.64000000 0.228960717200 Long DBT CORP US N 2 2031-03-01 Fixed 5.87500000 N N N N N N Onslow Bay Financial LLC 254900U0G1G2KQEUQ447 OBX 2026-NQM5 Trust 67124DAK7 444432.81000000 PA USD 444413.79000000 0.376871556014 Long ABS-MBS CORP US N 2 2066-01-25 Floating 5.67600000 N N N N N N BX TRUST 2025-VLT6 N/A BX 2025-VLT6 C 12433KAE7 300000.00000000 PA USD 298356.09000000 0.253011779595 Long ABS-O CORP US N 2 2042-03-17 Floating 5.84686000 N N N N N N BNP PARIBAS SECURITIES CORP. RCNB6OTYUAMMP879YW96 ZAR/USD FORWARD 000000000 1.00000000 NC USD 2012.07000000 0.001706274577 N/A DFE CORP US N 2 BNP PARIBAS SECURITIES CORP. RCNB6OTYUAMMP879YW96 -870691.32000000 USD 14560000.00000000 ZAR 2026-05-21 2012.07000000 N N N SAAVI ENERGIA SARL 254900A2V0IO8K56UH35 SAAVIE 8.875 02/10/35 REGS 000000000 375000.00000000 PA USD 417581.25000000 0.354117039099 Long DBT CORP LU N 2 2035-02-10 Fixed 8.87500000 N N N N N N PERU, REPUBLIC OF - DIRECCION GENERAL DE CREDITO PUBLICO 254900STKLK2DBJJZ530 PERUGB 6.85 08/12/35 000000000 4000000.00000000 PA 1189794.97000000 1.008969324920 Long DBT NUSS PE N 2 2035-08-12 Fixed 6.85000000 N N N N N N Raising Canes Restaurants LLC 254900V6ADXFWHYOED66 Raising Cane's Restaurants Term Loan B (Incremental) 200 2032-10-18 75101XAQ0 498750.00000000 PA USD 499842.26000000 0.423875978933 Long LON CORP US N 2 2032-11-03 Floating 5.65217000 N N N N N N Graham Packaging Company Inc 549300YS0ZFT826HIK72 GRAHAM PACKAGING/GPC CAP 000000000 350000.00000000 PA USD 349781.25000000 0.296621317606 Long LON CORP US N 2 2033-01-26 Floating 5.90217000 N N N N N N FIESTA PURCHASER INC N/A SHEARE 9.625 09/15/32 144A 31659AAB2 325000.00000000 PA USD 336918.08000000 0.285713098729 Long DBT CORP US N 2 2032-09-15 Fixed 9.62500000 N N N N N N VRTX TRUST 2025-HQ N/A VRTX 2025-HQ C 91835XAE7 575000.00000000 PA USD 572621.23000000 0.485593964032 Long ABS-O CORP US N 2 2042-08-07 Variable 6.11888300 N N N N N N KAISER ALUMINUM CORP N/A KALU 5.875 03/01/34 144A 483007AM2 250000.00000000 PA USD 250703.50000000 0.212601454476 Long DBT CORP US N 2 2034-03-01 Fixed 5.87500000 N N N N N N FREDDIE MAC STACR REMIC TRUST 2021-DNA5 5493000ISU5NYXNHD479 STACR 2021-DNA5 B2 35564KJB6 325000.00000000 PA USD 395480.64000000 0.335375291055 Long ABS-O USGSE US N 2 2034-01-25 Floating 9.14516000 N N N N N N SWCH COMMERCIAL MORTGAGE TRUST 2025-DATA N/A SWCH 2025-DATA D 78489CAD1 275000.00000000 PA USD 272563.25000000 0.231138948545 Long ABS-O CORP US N 2 2042-02-18 Floating 6.29593000 N N N N N N BOPARAN FINANCE PLC 213800GQSQIOBR3DHN70 BOPRLN 9.375 11/07/29 144A 000000000 135000.00000000 PA 194231.47000000 0.164712072336 Long DBT CORP GB N 2 2029-11-07 Fixed 9.37500000 N N N N N N CHICAGO MERCANTILE EXCHANGE SNZ2OJLFK8MNNCLQOF39 E-mini S&P 500 EOM Options 000000000 17.00000000 NC USD 130900.00000000 0.111005751379 N/A DE CORP US N 1 CHICAGO MERCANTILE EXCHANGE SNZ2OJLFK8MNNCLQOF39 Put Purchased CHICAGO MERCANTILE EXCHANGE SNZ2OJLFK8MNNCLQOF39 CHICAGO MERCANTILE EXCHANGE SNZ2OJLFK8MNNCLQOF39 E-mini S&P 500 Futures 000000000 0.00000000 NC USD 0.00000000 0.00000000 DIR CORP US Short S&P DOW JONES INDICES LLC S&P 500 INDEX 2026-09-18 0.00000000 USD 50.00000000 7250.00000000 USD 2026-06-30 XXXX -38718.27000000 N N N APIDOS CLO XXX LTD 2549001XBZ4DU4T7EC48 APID XXXA CR 03768CAW9 500000.00000000 PA USD 501658.50000000 0.425416185854 Long ABS-CBDO CORP KY N 2 2031-10-20 Variable 6.67523000 N N N N N N CVR ENERGY INC 529900SOYZIXZBTXB558 CVI 7.5 02/15/31 144A 12662PAH1 125000.00000000 PA USD 126653.50000000 0.107404636610 Long DBT CORP US N 2 2031-02-15 Fixed 7.50000000 N N N N N N CONNECTICUT AVENUE SECURITIES TRUST 2022-R04 N/A CAS 2022-R04 1B2 20753YAL6 425000.00000000 PA USD 454103.41000000 0.385088542635 Long ABS-O USGSE US N 2 2042-03-25 Floating 13.14516000 N N N N N N MARRIOTT OWNERSHIP RESORTS INC BW4532OH033VURR0IT68 VAC 6.5 10/01/33 144A 57164PAK2 380000.00000000 PA USD 365675.82000000 0.310100222768 Long DBT CORP US N 2 2033-10-01 Fixed 6.50000000 N N N N N N BX TRUST 2024-VLT4 N/A BX 2024-VLT4 E 05612TAJ4 383800.00000000 PA USD 378928.35000000 0.321338626513 Long ABS-O CORP US N 2 2041-06-17 Floating 6.54411410 N N N N N N ALLY AUTO RECEIVABLES TRUST 2022-3 N/A ABCLN 2024-B D 02007G4E0 315717.02000000 PA USD 317606.71000000 0.269336680570 Long ABS-O CORP US N 2 2032-09-15 Fixed 5.41000000 N N N N N N BX Trust 2026-OPTM N/A BX 2026-OPTM D 05594XAG3 350000.00000000 PA USD 349879.71000000 0.296704813605 Long ABS-O CORP US N 2 2039-03-15 Floating 5.65471000 N N N N N N KRE COMMERCIAL MORTGAGE TRUST 2026-ICNA N/A KRE 2026-ICNA D 48275LAG5 325000.00000000 PA USD 327071.36000000 0.277362888246 Long ABS-O CORP US N 2 2043-05-15 Variable 0.00000000 N N N N N N PR RNO PROPERTY OWNER 1 LLC N/A TRACTD 6.5 05/01/31 144A 69393LAA1 375000.00000000 PA USD 371905.83000000 0.315383392677 Long DBT CORP US N 2 2031-05-01 Fixed 6.50000000 N N N N N N GRUPPO SAN DONATO SPA 8156003649DB0704FC22 GRSADO 6.5 10/31/31 REGS 000000000 150000.00000000 PA 176234.11000000 0.149449960268 Long DBT CORP IT N 2 2031-10-31 Fixed 6.50000000 N N N N N N HSBC SECURITIES (USA) INC. CYYGQCGNHMHPSMRL3R97 USD/EUR FORWARD 000000000 1.00000000 NC USD 6126.33000000 0.005195247248 N/A DFE CORP US N 2 HSBC SECURITIES (USA) INC. CYYGQCGNHMHPSMRL3R97 -1674944.72000000 USD 1431000.00000000 EUR 2026-05-20 6126.33000000 N N N Pegasus Bidco Bv 254900U303DPAFR7MA71 PEGASUS BIDCO BV 000000000 309221.10000000 PA USD 311057.87000000 0.263783136606 Long LON CORP US N 2 2029-07-12 Floating 0.00000000 N N N N N N UNITED MEXICAN STATES - SECRETARIA DE HACIENDA Y CREDITO PUBLICO 254900EGTWEU67VP6075 MBONO 7.75 11/23/34 M 000000000 43310000.00000000 PA 2272804.30000000 1.927382345756 Long DBT NUSS MX N 2 2034-11-23 Fixed 7.75000000 N N N N N N HUNGARY, REPUBLIC OF - MINISTRY OF FINANCE 5299003F3UFKGCCMAP43 HGB 3.25 10/22/31 31/A 000000000 320420000.00000000 PA 908680.04000000 0.770578385053 Long DBT NUSS HU N 2 2031-10-22 Fixed 3.25000000 N N N N N N PRIME HEALTHCARE SERVICES INC N/A PRIHEA 9.375 09/01/29 144A 74165HAC2 625000.00000000 PA USD 648549.48000000 0.549982599954 Long DBT CORP US N 2 2029-09-01 Fixed 9.37500000 N N N N N N Crescent Midstream Operating, LLC N/A CRESCENT MIDSTREAM INTERMEDIATE HOLDINGS LLC 000000000 250000.00000000 PA USD 251667.50000000 0.213418945265 Long LON CORP US N 2 2033-02-11 Floating 7.40534000 N N N N N N OAK STREET INVESTMENT GRADE NET LEASE FUND SERIES 2020-1 LLC N/A OAKIG 2020-1A A5 67181DAE1 495208.33000000 PA USD 349122.52000000 0.296062701726 Long ABS-O CORP US N 2 2050-11-20 Fixed 3.39000000 N N N N N N ALPHA GENERATION LLC 254900K5V62L4YGVKF49 ALPGEN 6.25 01/15/34 144A 02073LAC5 100000.00000000 PA USD 99376.96000000 0.084273599041 Long DBT CORP US N 2 2034-01-15 Fixed 6.25000000 N N N N N N ARGENTINA, REPUBLIC OF - SUBSECRETARIA DE FINANCIAMIENTO 549300KPBYGYF7HCHO27 ARGENT 4.125 07/09/35 040114HT0 450000.00000000 PA USD 336375.00000000 0.285252556304 Long DBT NUSS AR N 2 2035-07-09 Variable 4.12500000 N N N N N N KEHE DISTRIBUTORS LLC 549300WQCH7SRQ8JKE47 KEHEFO 9 02/15/29 144A 487526AC9 450000.00000000 PA USD 470953.80000000 0.399378001787 Long DBT CORP US N 2 2029-02-15 Fixed 9.00000000 N N N N N N LIFE 2022-BMR2 MORTGAGE TRUST N/A LIFE 2022-BMR2 A1 53218DAA6 275000.00000000 PA USD 266037.34000000 0.225604849668 Long ABS-O CORP US N 2 2039-05-15 Floating 4.94995000 N N N N N N BNP PARIBAS SECURITIES CORP. RCNB6OTYUAMMP879YW96 USD/JPY FORWARD 000000000 1.00000000 NC USD -57287.83000000 -0.04858119644 N/A DFE CORP US N 2 BNP PARIBAS SECURITIES CORP. RCNB6OTYUAMMP879YW96 -3005792.41000000 USD 460800000.00000000 JPY 2026-05-20 -57287.83000000 N N N IHS HOLDING LTD (NEW) 213800CLGMKL63VKTD94 IHS 8.25 11/29/31 144A 44963HAD7 400000.00000000 PA USD 418763.46000000 0.355119576222 Long DBT CORP KY N 2 2031-11-29 Fixed 8.25000000 N N N N N N JUNIPER RECEIVABLES 2023-1 DAC 635400VPHEPHO9HXX694 JUNIPER RECEIVABLES 2023-1 DAC 481941102 10.00000000 NS USD 160358.33000000 0.135986989393 Long EC CORP US N 2 N N N OBX 2026-NQM2 TRUST 2549007DTHVTGCMU8X03 OBX 2026-NQM3 A3 67449MAK5 508922.65000000 PA USD 503993.53000000 0.427396336806 Long ABS-O CORP US N 2 2066-01-25 Variable 5.07900000 N N N N N N F.I.S. FABBRICA ITALIANA SINTETICI SPA 8156004D7056C63EC525 FISITA 5.25 02/05/31 144A 000000000 200000.00000000 PA 233003.99000000 0.197591925013 Long DBT CORP IT N 2 2031-02-05 Fixed 5.25000000 N N N N N N HERC HOLDINGS INC 549300TP80QLITMSBP82 HRI 5.75 03/15/31 144A 42704LAH7 100000.00000000 PA USD 100299.60000000 0.085056015745 Long DBT CORP US N 2 2031-03-15 Fixed 5.75000000 N N N N N N PUGET ENERGY INC SYBSJ96YIDMIUY7WDR33 PSD V7 09/15/56 144A 745310AR3 225000.00000000 PA USD 226478.70000000 0.192058351909 Long DBT CORP US N 2 2056-09-15 Fixed 7.00000000 N N N N N N Transdigm Inc 88Q84GB3X55CF5OC7582 TransDigm Term Loan J 250 2031-02-01 89364MCA0 197487.45000000 PA USD 198004.87000000 0.167911989084 Long LON CORP US N 2 2031-02-28 Floating 6.15217000 N N N N N N POST HOLDINGS INC JM1I5YUAURL6DC8N1468 POST 6.5 03/15/36 144A 737446AY0 370000.00000000 PA USD 367904.28000000 0.311990000283 Long DBT CORP US N 2 2036-03-15 Fixed 6.50000000 N N N N N N OPAL BIDCO SAS 969500R96XT7XY2UJ564 OPALBD 5.5 03/31/32 144A 000000000 250000.00000000 PA 297752.64000000 0.252500042233 Long DBT CORP FR N 2 2032-03-31 Fixed 5.50000000 N N N N N N BX TRUST 2025-VLT6 N/A BX 2025-VLT6 B 12433KAC1 425000.00000000 PA USD 422574.53000000 0.358351437863 Long ABS-O CORP US N 2 2042-03-17 Floating 5.54728000 N N N N N N HSBC SECURITIES (USA) INC. CYYGQCGNHMHPSMRL3R97 USD/CHF FORWARD 000000000 1.00000000 NC USD 32369.38000000 0.027449865153 N/A DFE CORP US N 2 HSBC SECURITIES (USA) INC. CYYGQCGNHMHPSMRL3R97 -1962000.00000000 CHF 2548839.47000000 USD 2026-05-20 32369.38000000 N N N HSBC SECURITIES (USA) INC. CYYGQCGNHMHPSMRL3R97 USD/MXN FORWARD 000000000 1.00000000 NC USD 25517.61000000 0.021639430645 N/A DFE CORP US N 2 HSBC SECURITIES (USA) INC. CYYGQCGNHMHPSMRL3R97 -43530000.00000000 MXN 2513047.29000000 USD 2026-05-21 25517.61000000 N N N QXO INC N/A BECN 6.75 04/30/32 144A 74825NAA5 235000.00000000 PA USD 239858.73000000 0.203404878140 Long DBT CORP US N 2 2032-04-30 Fixed 6.75000000 N N N N N N MONTENEGRO, REPUBLIC OF - MINISTRY OF FINANCE 747800V014106FYLL014 MONTEN 4.875 04/01/32 REGS 000000000 375000.00000000 PA 443048.07000000 0.375713398834 Long DBT NUSS ME N 2 2032-04-01 Fixed 4.87500000 N N N N N N SOLSTICE ADVANCED MATERIALS INC 2138004GZ4H9TW6HK435 SOLADV 5.625 09/30/33 144A 83443QAA1 400000.00000000 PA USD 398041.36000000 0.337546831526 Long DBT CORP US N 2 2033-09-30 Fixed 5.62500000 N N N N N N BDS 2025-FL14 LLC N/A BDS 2025-FL14 C 072921AL3 130000.00000000 PA USD 129852.00000000 0.110117026952 Long ABS-CBDO CORP US N 2 2042-10-21 Floating 5.54976000 N N N N N N UBS GROUP AG 549300SZJ9VS8SGXAN81 UBS V7.125 PERP 144a 225401BJ6 250000.00000000 PA USD 255986.00000000 0.217081117437 Long DBT CORP CH N 2 N/A Fixed 7.12500000 N N N N N N BOOTS GROUP FINCO LP 254900YVLYOVF1PF1N93 BOOTFN 5.375 08/31/32 144a 000000000 300000.00000000 PA 358509.50000000 0.304023043728 Long DBT CORP US N 2 2032-08-31 Fixed 5.37500000 N N N N N N COREWEAVE INC 984500511DP2B6186053 CRWV 9 02/01/31 144A 21873SAC2 300000.00000000 PA USD 298472.87000000 0.253110811311 Long DBT CORP US N 2 2031-02-01 Fixed 9.00000000 N N N N N N NATIXIS COMMERCIAL MORTGAGE SECURITIES TRUST 2019-10K N/A NCMS 2019-10K E 63874UAL8 250000.00000000 PA USD 232684.33000000 0.197320847103 Long ABS-O CORP US N 2 2039-05-17 Variable 4.27240000 N N N N N N NOVELIS CORP 549300G5F3W3B52WYL23 HNDLIN 6.375 08/15/33 144A 670001AN6 650000.00000000 PA USD 653186.30000000 0.553914713690 Long DBT CORP US N 2 2033-08-15 Fixed 6.37500000 N N N N N N POST HOLDINGS INC JM1I5YUAURL6DC8N1468 POST 6.25 10/15/34 144A 737446AX2 200000.00000000 PA USD 197613.40000000 0.167580014893 Long DBT CORP US N 2 2034-10-15 Fixed 6.25000000 N N N N N N BNP PARIBAS SECURITIES CORP. RCNB6OTYUAMMP879YW96 USD/EUR FORWARD 000000000 1.00000000 NC USD -6066.01000000 -0.00514409471 N/A DFE CORP US N 2 BNP PARIBAS SECURITIES CORP. RCNB6OTYUAMMP879YW96 -392000.00000000 EUR 454437.03000000 USD 2026-05-20 -6066.01000000 N N N VASA TRUST 2021-VASA N/A VASA 2021-VASA D 92230AAG1 175000.00000000 PA USD 162871.28000000 0.138118019973 Long ABS-O CORP US N 2 2039-07-15 Floating 5.86948000 N N N N N N BX TRUST 2018-BILT N/A BX 2026-XL6 E 12433NAJ0 400000.00000000 PA USD 398763.32000000 0.338159067678 Long ABS-O CORP US N 2 2043-03-15 Floating 6.65471000 N N N N N N VB-S1 ISSUER LLC N/A VBTEL 2024-1A D 91823ABE0 200000.00000000 PA USD 203249.46000000 0.172359503626 Long ABS-O CORP US N 2 2054-05-15 Fixed 6.64400000 N N N N N N VTR COMMERCIAL MORTGAGE TRUST 2025-STEM N/A VTR 2025-STEM D 92890YAG0 275000.00000000 PA USD 271290.58000000 0.230059699579 Long ABS-O CORP US N 2 2039-10-14 Variable 6.70893700 N N N N N N CORPORACION INMOBILIARIA VESTA SAB DE CV 4469000001BIRIFZJ959 VESTA 5.5 01/30/33 144A 21989DAB8 450000.00000000 PA USD 448708.50000000 0.380513553802 Long DBT CORP MX N 2 2033-01-30 Fixed 5.50000000 N N N N N N MEN'S WEARHOUSE LLC (THE) NKFP7BJ6WYEV4I24P532 Men's Wearhouse LLC/The 587118AF7 100000.00000000 PA USD 105888.20000000 0.089795257472 Long DBT CORP US N 2 2031-02-01 Fixed 9.00000000 N N N N N N TK Elevator Midco Gmbh 254900K869UN2ZWVB351 TK Elevator (fka Thyssenkrupp Elevator) Term Loan B (Incremental) 275 2030-04-01 000000000 375000.00000000 PA USD 378360.00000000 0.320856654636 Long LON CORP US N 2 2030-04-30 Floating 6.47999000 N N N N N N ULTIMATE KRONOS GROUP INC 529900FKHWSTQ1GXK240 ULTI 6.875 02/01/31 144A 90279XAA0 325000.00000000 PA USD 316588.49000000 0.268473210164 Long DBT CORP US N 2 2031-02-01 Fixed 6.87500000 N N N N N N Extended Stay America Trust 2026-ESH2 N/A ESA 2026-ESH2 D 30227WAG8 493646.63000000 PA USD 496598.74000000 0.421125410754 Long ABS-O CORP US N 2 2043-02-18 Floating 5.90471000 N N N N N N PAYDEN & RYGEL INVESTMENT GROUP (THE) 549300QJNYRKYZS3P282 Payden Cash Reserves Money Market Fund 704329598 3647283.48000000 NS USD 3647283.48000000 3.092967480447 Long STIV RF US N 1 N N HSBC SECURITIES (USA) INC. CYYGQCGNHMHPSMRL3R97 USD/CHF FORWARD 000000000 1.00000000 NC USD 716.15000000 0.000607309158 N/A DFE CORP US N 2 HSBC SECURITIES (USA) INC. CYYGQCGNHMHPSMRL3R97 -49305.43000000 USD 39000.00000000 CHF 2026-05-20 716.15000000 N N N MORGAN STANLEY RESIDENTIAL MORTGAGE LOAN TRUST 2026-NQM3 N/A MSRM 2026-NQM3 B2 617960AK5 250000.00000000 PA USD 247542.93000000 0.209921229513 Long ABS-O CORP US N 2 2071-03-25 Variable 6.69421500 N N N N N N BX TRUST 2018-BILT N/A BX 2026-XL6 D 12433NAG6 150000.00000000 PA USD 149594.81000000 0.126859314640 Long ABS-O CORP US N 2 2043-03-15 Floating 5.75471000 N N N N N N APLD COMPUTECO LLC N/A APLD 9.25 12/15/30 144A 00202DAA5 325000.00000000 PA USD 349508.20000000 0.296389765884 Long DBT CORP US N 2 2030-12-15 Fixed 9.25000000 N N N N N N OAK-EAGLE ACQUIRECO INC 6488ICS9P20290MA1H31 EA 8.75 07/01/34 144A 67124CAB9 425000.00000000 PA USD 442525.68000000 0.375270401932 Long DBT CORP US N 2 2034-07-01 Fixed 8.75000000 N N N N N N BX COMMERCIAL MORTGAGE TRUST 2018-BIOA N/A BX 2026-LP3 D 05620HAG6 250000.00000000 PA USD 251304.80000000 0.213111368596 Long ABS-O CORP US N 2 2043-04-15 Variable 0.00000000 N N N N N N BANCO DE CREDITO E INVERSIONES SA 549300E9E5Y3PKW24142 BCICI V8.75 PERP 144A 05890MAC7 400000.00000000 PA USD 429832.00000000 0.364505913879 Long DBT CORP CL N 2 N/A Fixed 8.75000000 N N N N N N SURGERY CENTER HOLDINGS INC 54930054EVI5HWPPW113 SURCEN 7.25 04/15/32 144A 86881WAF9 565000.00000000 PA USD 564197.87000000 0.478450790572 Long DBT CORP US N 2 2032-04-15 Fixed 7.25000000 N N N N N N CESAR SPA 815600136D7200E49057 CESARS 6.5 09/30/31 REGS 000000000 250000.00000000 PA 297362.70000000 0.252169365513 Long DBT CORP IT N 2 2031-09-30 Fixed 6.50000000 N N N N N N JADESTONE ENERGY UK PLC 254900K9I7FHDEE2AH54 JSELN 12 04/14/31 000000000 275000.00000000 PA USD 279936.25000000 0.237391396253 Long DBT CORP GB N 2 2031-03-01 Fixed 12.00000000 N N N N N N CONNECTICUT AVENUE SECURITIES TRUST 2023-R04 N/A CAS 2023-R04 1B2 20754QAJ7 525000.00000000 PA USD 589292.76000000 0.499731746418 Long ABS-O USGSE US N 2 2043-05-26 Floating 11.89516000 N N N N N N CHICAGO BOARD OF TRADE 549300EX04Q2QBFQTQ27 U.S. Treasury Bond Futures, Jun-2026,ETH 000000000 -13.00000000 NC USD 48159.99000000 0.040840610209 N/A DIR CORP US N 1 CHICAGO BOARD OF TRADE 549300EX04Q2QBFQTQ27 Short UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT T 4.75 11/15/43 2026-06-18 -1515128.74000000 USD 48159.99000000 N N N SUMIT 2022-BVUE MORTGAGE TRUST N/A SUMMT 2022-BVUE D 865592AJ8 275000.00000000 PA USD 242466.79000000 0.205616563853 Long ABS-O CORP US N 2 2041-02-12 Variable 2.98890600 N N N N N N DURST COMMERCIAL MORTGAGE TRUST 2025-151 N/A DURST 2025-151 D 266895AG6 400000.00000000 PA USD 414162.64000000 0.351217991187 Long ABS-O CORP US N 2 2042-08-12 Variable 7.01750100 N N N N N N MEDCO CYPRESS TREE PTE LTD 254900NKZ2Y3YZK4WC46 MEDCIJ 8.625 05/19/30 REGS 000000000 350000.00000000 PA USD 366447.99000000 0.310755037978 Long DBT CORP SG N 2 2030-05-19 Fixed 8.62500000 N N N N N N AmWINS Group Inc 549300SJE7MUB8NMRG61 AmWINS Group Term Loan B 200 2032-01-01 03234TBB3 698232.32000000 PA USD 698476.70000000 0.592321855648 Long LON CORP US N 2 2032-01-30 Floating 5.66774000 N N N N N N FERRELLGAS FINANCE CORP 549300EW667UKOZLEW85 FGP 9.25 01/15/31 144A 315292AU6 5000.00000000 PA USD 5251.14000000 0.004453069070 Long DBT CORP US N 2 2031-01-15 Fixed 9.25000000 N N N N N N CITIGROUP INC 6SHGI4ZSSLCXXQSBB395 C V6.5 PERP JJ 172967QK0 375000.00000000 PA USD 377195.25000000 0.319868923933 Long DBT CORP US N 2 N/A Fixed 6.50000000 N N N N N LIBERTY COSTA RICA SENIOR SECURED FINANCE 549300W6O2PHTPCYQ751 LBTCOR 10.875 01/15/31 REGS 000000000 250000.00000000 PA USD 263192.50000000 0.223192369899 Long DBT CORP KY N 2 2031-01-15 Fixed 10.87500000 N N N N N N ROYAL BANK OF CANADA ES7IP3U3RHIGC71XBU11 RY V6.5 11/24/85 780082AY9 275000.00000000 PA USD 271221.14000000 0.230000813106 Long DBT CORP CA N 2 2085-11-24 Fixed 6.50000000 N N N N N N FS RIALTO 2021-FL2 ISSUER LTD N/A FSRIA 2021-FL2 D 30319YAJ7 350000.00000000 PA USD 350426.09000000 0.297168154494 Long ABS-CBDO CORP KY N 2 2038-05-18 Floating 6.58699000 N N N N N N FEDERAL NATIONAL MORTGAGE ASSOCIATION B1V7KEBTPIMZEU4LTD58 CAS 2016-C04 1B 30711XDB7 98120.27000000 PA USD 100055.78000000 0.084849251632 Long ABS-O USGSE US N 2 2029-01-25 Floating 10.74265000 N N N N N N CHICAGO BOARD OF TRADE 549300EX04Q2QBFQTQ27 5-Year T-Note Futures, Jun-2026,ETH 000000000 -205.00000000 NC USD 10202.98000000 0.008652325906 N/A DIR CORP US N 1 CHICAGO BOARD OF TRADE 549300EX04Q2QBFQTQ27 Short UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT T 3.625 08/31/30 2026-06-30 -22116570.68000000 USD 10202.98000000 N N N Hologic, Inc. N/A HOPPER MERGER SUB INC 43644ABM0 100000.00000000 PA 117565.11000000 0.099697504748 Long LON CORP US N 2 2033-04-07 Floating 0.00000000 N N N N N N DIAMOND INFRASTRUCTURE FUNDING LLC N/A DNFRA 2021-1A B 25265LAC4 150000.00000000 PA USD 147044.03000000 0.124696203483 Long ABS-O CORP US N 2 2049-04-15 Fixed 2.35500000 N N N N N N Treehouse Foods Inc 5493007M7EVHE470Q576 TreeHouse Foods Term Loan B 425 2033-01-19 89468XAX3 325000.00000000 PA USD 328098.88000000 0.278234245233 Long LON CORP US N 2 2033-02-04 Floating 7.90217000 N N N N N N TREEHOUSE FOODS INC 5493007M7EVHE470Q576 THS 7.75 02/11/33 144A 456142AA6 275000.00000000 PA USD 278117.44000000 0.235849009922 Long DBT CORP US N 2 2033-02-11 Fixed 7.75000000 N N N N N N Sage Ar Funding 2026 NO.1 PLC 213800Y337GJQTPC7M38 SGSHR 2026-1A C 000000000 475000.00000000 PA 643861.96000000 0.546007491629 Long ABS-O CORP GB N 2 2038-05-18 Floating 5.48110000 N N N N N N BOS Trust 2026-LYRK N/A BOS Trust 2026-LYRK 05595BAJ4 150000.00000000 PA USD 150045.00000000 0.127241084535 Long ABS-MBS CORP US N 2 2041-05-11 Floating 8.03819000 N N N N N N BNP PARIBAS SECURITIES CORP. RCNB6OTYUAMMP879YW96 GBP/USD FORWARD 000000000 1.00000000 NC USD -62391.63000000 -0.05290931831 N/A DFE CORP US N 2 BNP PARIBAS SECURITIES CORP. RCNB6OTYUAMMP879YW96 -2474000.00000000 GBP 3303777.37000000 USD 2026-06-17 -62391.63000000 N N N HSBC SECURITIES (USA) INC. CYYGQCGNHMHPSMRL3R97 USD/SEK FORWARD 000000000 1.00000000 NC USD -11194.36000000 -0.00949303546 N/A DFE CORP US N 2 HSBC SECURITIES (USA) INC. CYYGQCGNHMHPSMRL3R97 -848669.97000000 USD 7724000.00000000 SEK 2026-05-20 -11194.36000000 N N N BNP PARIBAS SECURITIES CORP. RCNB6OTYUAMMP879YW96 USD/GBP FORWARD 000000000 1.00000000 NC USD 11592.73000000 0.009830860994 N/A DFE CORP US N 2 BNP PARIBAS SECURITIES CORP. RCNB6OTYUAMMP879YW96 -2426821.56000000 USD 1792000.00000000 GBP 2026-05-20 11592.73000000 N N N CHICAGO MERCANTILE EXCHANGE SNZ2OJLFK8MNNCLQOF39 E-mini S&P 500 EOM Options 000000000 -17.00000000 NC USD -38037.50000000 -0.03225654139 N/A DE CORP US N 1 CHICAGO MERCANTILE EXCHANGE SNZ2OJLFK8MNNCLQOF39 Put Written CHICAGO MERCANTILE EXCHANGE SNZ2OJLFK8MNNCLQOF39 CHICAGO MERCANTILE EXCHANGE SNZ2OJLFK8MNNCLQOF39 E-mini S&P 500 Futures 000000000 0.00000000 NC USD 0.00000000 0.00000000 DIR CORP US Short S&P DOW JONES INDICES LLC S&P 500 INDEX 2026-09-18 0.00000000 USD 50.00000000 6650.00000000 USD 2026-06-30 XXXX 13777.42000000 N N N HSBC SECURITIES (USA) INC. CYYGQCGNHMHPSMRL3R97 SEK/USD FORWARD 000000000 1.00000000 NC USD 23260.56000000 0.019725408252 N/A DFE CORP US N 2 HSBC SECURITIES (USA) INC. CYYGQCGNHMHPSMRL3R97 -7724000.00000000 SEK 860736.17000000 USD 2026-05-20 23260.56000000 N N N BNP PARIBAS SECURITIES CORP. RCNB6OTYUAMMP879YW96 USD/PEN FORWARD 000000000 1.00000000 NC USD 4879.14000000 0.004137605819 N/A DFE CORP US N 2 BNP PARIBAS SECURITIES CORP. RCNB6OTYUAMMP879YW96 -401000.00000000 PEN 118994.63000000 USD 2026-05-27 4879.14000000 N N N EUREX DEUTSCHLAND 529900LN3S50JPU47S06 Euro(FGBS) Schatz Futures 000000000 -16.00000000 NC 3906.28000000 0.003312601577 N/A DIR CORP DE N 1 EUREX DEUTSCHLAND 529900LN3S50JPU47S06 Short BUNDESREPUBLIK DEUTSCHLAND - BUNDESMINISTERIUM DER FINANZEN BKO 2.1 03/15/28 2026-06-08 -1951916.26000000 USD 3906.28000000 N N N EUREX DEUTSCHLAND 529900LN3S50JPU47S06 EURO(FGBX) Buxl Futures 000000000 -1.00000000 NC 3084.38000000 0.002615614357 N/A DIR CORP DE N 1 EUREX DEUTSCHLAND 529900LN3S50JPU47S06 Short BUNDESREPUBLIK DEUTSCHLAND - BUNDESMINISTERIUM DER FINANZEN DBR 2.9 08/15/56 2026-06-08 -129169.54000000 USD 3084.38000000 N N N EUREX DEUTSCHLAND 529900LN3S50JPU47S06 Euro(FGBL) Bund Futures 000000000 -19.00000000 NC 6348.59000000 0.005383728060 N/A DIR CORP DE N 1 EUREX DEUTSCHLAND 529900LN3S50JPU47S06 Short BUNDESREPUBLIK DEUTSCHLAND - BUNDESMINISTERIUM DER FINANZEN DBR 2.5 02/15/35 TWIN 2026-06-08 -2759817.15000000 USD 6348.59000000 N N N CHICAGO BOARD OF TRADE 549300EX04Q2QBFQTQ27 2-Year T-Note Futures, Jun-2026,ETH 000000000 586.00000000 NC USD -549523.10000000 -0.46600629958 N/A DIR CORP US N 1 CHICAGO BOARD OF TRADE 549300EX04Q2QBFQTQ27 Long UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT T 3.875 03/15/28 2026-06-30 121924773.10000000 USD -549523.10000000 N N N CHICAGO BOARD OF TRADE 549300EX04Q2QBFQTQ27 Ultra 10-Year U.S. Treasury Note Futures, Jun-2026,ETH 000000000 -64.00000000 NC USD 70109.28000000 0.059454035943 N/A DIR CORP US N 1 CHICAGO BOARD OF TRADE 549300EX04Q2QBFQTQ27 Short UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT T 4 11/15/35 2026-06-18 -7293109.60000000 USD 70109.28000000 N N N ICE FUTURES EUROPE 549300UF4R84F48NCH34 Long Gilt Future - ICEU, Jun26 000000000 -2.00000000 NC 2669.23000000 0.002263559066 N/A DIR CORP GB N 1 ICE FUTURES EUROPE 549300UF4R84F48NCH34 Short UNITED KINGDOM - THE LORD COMMISSIONERS OF HER MAJESTY'S TREASURY DEBT MANAGEMENT OFFICE UKT 1.125 01/31/39 2026-06-26 -236625.05000000 USD 2669.23000000 N N N COMPANIA DE MINAS BUENAVENTURA SA 529900WQB1ZU9KB6EL71 BUENAV 6.8 02/04/32 REGS 000000000 425000.00000000 PA USD 436764.00000000 0.370384384991 Long DBT CORP PE N 2 2032-02-04 Fixed 6.80000000 N N N N N N KENYA, GOVERNMENT OF 549300VVURQQYU45PR87 KENINT 8.7 02/26/39 144A 491798AS3 200000.00000000 PA USD 189001.38000000 0.160276854076 Long DBT NUSS KE N 2 2039-02-26 Fixed 8.70000000 N N N N N N ROMANIA, REPUBLIC OF - MINISTRY OF FINANCE 315700IASY927EDWBK92 ROMGB 3.65 09/24/31 15Y 000000000 4785000.00000000 PA 924429.59000000 0.783934310429 Long DBT NUSS RO N 2 2031-09-24 Fixed 3.65000000 N N N N N N DOMINICAN, REPUBLIC OF - MINISTERIO DE HACIENDA 254900EHU7Q8FGVPI369 DOMREP 5.875 10/28/35 144A 25714PFF0 350000.00000000 PA USD 342982.50000000 0.290855845091 Long DBT NUSS DO N 2 2035-10-28 Fixed 5.87500000 N N N N N N BNP PARIBAS SECURITIES CORP. RCNB6OTYUAMMP879YW96 JPY/USD FORWARD 000000000 1.00000000 NC USD 6363.69000000 0.005396533155 N/A DFE CORP US N 2 BNP PARIBAS SECURITIES CORP. RCNB6OTYUAMMP879YW96 -200700000.00000000 JPY 1290575.65000000 USD 2026-05-20 6363.69000000 N N N WELLS FARGO COMMERCIAL MORTGAGE TRUST 2026-1250B N/A WFCM 2026-1250B E 949939AJ1 200000.00000000 PA USD 204222.58000000 0.173184728353 Long ABS-O CORP US N 2 2041-03-12 Variable 0.00000000 N N N N N N ARBOR REALTY COMMERCIAL REAL ESTATE NOTES 2016-FL1 LTD N/A ARCLO 2021-FL4 D 03880RAJ8 350000.00000000 PA USD 352324.07000000 0.298777678528 Long ABS-CBDO CORP KY N 2 2036-11-17 Floating 6.66919000 N N N N N N IHS HOLDING LTD (NEW) 213800CLGMKL63VKTD94 IHS 8.25 11/29/31 REGS 000000000 200000.00000000 PA USD 209381.73000000 0.177559788111 Long DBT CORP KY N 2 2031-11-29 Fixed 8.25000000 N N N N N N BSPRT 2026-FL13 ISSUER LLC N/A BSPRT 2026-FL13 E 05620GAL7 275000.00000000 PA USD 275168.52000000 0.233348268285 Long ABS-CBDO CORP US N 2 2043-10-19 Floating 7.65000000 N N N N N N BX COMMERCIAL MORTGAGE TRUST 2025-BCAT N/A BX 2025-BCAT D 12433HAG9 306430.65000000 PA USD 308110.56000000 0.261283760280 Long ABS-O CORP US N 2 2042-08-15 Floating 6.30471000 N N N N N N EDGE FINCO PLC 648835NI8LJE5190NT73 EDFINC 8.125 08/15/31 REGS 000000000 150000.00000000 PA 210419.97000000 0.178440235867 Long DBT CORP GB N 2 2031-08-15 Fixed 8.12500000 N N N N N N FEDERAL NATIONAL MORTGAGE ASSOCIATION B1V7KEBTPIMZEU4LTD58 CAS 2022-R03 1B2 20753XAJ3 500000.00000000 PA USD 535785.20000000 0.454356292619 Long ABS-O USGSE US N 2 2042-03-25 Floating 13.49516000 N N N N N N COTE D'IVOIRE, REPUBLIC OF 254900ICW11T82O6H590 IVYCST 6.75 02/25/41 144A 221625AX4 250000.00000000 PA USD 230783.28000000 0.195708719649 Long DBT NUSS CI N 2 2041-02-25 Fixed 6.75000000 N N N N N N Freddie Mac Stacr Remic Trust N/A STACR 2026-DNA2 B1 35564UEP8 575000.00000000 PA USD 580400.86000000 0.492191241905 Long ABS-O USGSE US N 2 2046-03-26 Floating 5.74516000 N N N N N N MAIN STREET CAPITAL CORP 5493001FS9QJLJNF3E20 MAIN 6.95 03/01/29 56035LAH7 350000.00000000 PA USD 360896.99000000 0.306047681783 Long DBT CORP US N 2 2029-03-01 Fixed 6.95000000 N N N N N N EUREX DEUTSCHLAND 529900LN3S50JPU47S06 Euro(FGBM) Bobl Futures 000000000 -47.00000000 NC 80210.70000000 0.068020236991 N/A DIR CORP DE N 1 EUREX DEUTSCHLAND 529900LN3S50JPU47S06 Short BUNDESOBLIGATION Bundesobligation 2026-06-08 -6356674.67000000 USD 80210.70000000 N N N INFINITY NATURAL RESOURCES LLC 54930021094IFVB5ND43 INFNAR 7.625 04/01/31 144A 45690BAA3 525000.00000000 PA USD 534156.53000000 0.452975148715 Long DBT CORP US N 2 2031-04-01 Fixed 7.62500000 N N N N N N CPPIB OVM Member U.S. LLC N/A Ohio Valley Midstream Term Loan B 325 2031-08-01 12673CAB0 745112.44000000 PA USD 746975.22000000 0.633449545896 Long LON CORP US N 2 2031-08-20 Floating 5.94961000 N N N N N N OBX 2023-NQM4 TRUST N/A OBX 2023-NQM4 M1 67448GAD5 400000.00000000 PA USD 398879.60000000 0.338257675384 Long ABS-O CORP US N 2 2063-03-25 Variable 7.07483000 N N N N N N BX Trust 2026-OPTM N/A BX 2026-OPTM E 05594XAJ7 175000.00000000 PA USD 174488.58000000 0.147969716806 Long ABS-O CORP US N 2 2039-03-15 Floating 6.55471000 N N N N N N EXTENDED STAY AMERICA INC 549300IESZBC3BJUJW64 ESA 2025-ESH D 30227TAG5 361175.00000000 PA USD 363500.68000000 0.308255661652 Long ABS-O CORP US N 2 2042-10-15 Floating 6.25471000 N N N N N N DIAMOND INFRASTRUCTURE FUNDING LLC N/A DNFRA 2021-1A C 25265LAE0 500000.00000000 PA USD 488941.00000000 0.414631497976 Long ABS-O CORP US N 2 2049-04-15 Fixed 3.47500000 N N N N N N BBCMS TRUST 2015-SRCH N/A BBCMS 2015-SRCH D 05547HAN1 375000.00000000 PA USD 349394.96000000 0.296293736156 Long ABS-O CORP US N 2 2035-08-10 Variable 4.95747300 N N N N N N LMDV ISSUER COMPANY LLC 254900A6HRP8XHJJGM20 LMDV 2025-1A A2 538908AA2 250000.00000000 PA USD 251312.25000000 0.213117686341 Long ABS-O CORP US N 2 2055-12-15 Fixed 5.31000000 N N N N N N OVH GROUPE SA 9695001J8OSOVX4TP939 OVH 4.75 02/05/31 REGS 000000000 275000.00000000 PA 320944.62000000 0.272167293309 Long DBT CORP FR N 2 2031-02-05 Fixed 4.75000000 N N N N N N BX COMMERCIAL MORTGAGE TRUST 2018-BIOA N/A BX 2026-LP3 E 05620HAJ0 225000.00000000 PA USD 226347.23000000 0.191946862786 Long ABS-O CORP US N 2 2043-04-15 Variable 0.00000000 N N N N N N CITIBANK, NATIONAL ASSOCIATION E57ODZWZ7FF32TWEFA76 USD/ZAR FORWARD 000000000 1.00000000 NC USD 14837.89000000 0.012582819926 N/A DFE CORP US N 2 CITIBANK, NATIONAL ASSOCIATION E57ODZWZ7FF32TWEFA76 -15399000.00000000 ZAR 937829.61000000 USD 2026-05-21 14837.89000000 N N N MIDAS OPCO HOLDINGS LLC N/A STGW 5.625 08/15/29 144A 59565JAA9 550000.00000000 PA USD 523539.26000000 0.443971496813 Long DBT CORP US N 2 2029-08-15 Fixed 5.62500000 N N N N N N VB-S1 ISSUER LLC N/A VBTEL 2026-1A F 91825HAE4 175000.00000000 PA USD 175943.37000000 0.149203407082 Long ABS-O CORP US N 2 2056-03-15 Fixed 6.84300000 N N N N N N VASA TRUST 2021-VASA N/A VASA 2021-VASA B 92230AAC0 175000.00000000 PA USD 169696.28000000 0.143905752999 Long ABS-O CORP US N 2 2039-07-15 Floating 5.01948000 N N N N N N GEOPARK LTD 529900ZR5QI19AH4KZ07 GEOPAR 8.75 01/31/30 REGS 000000000 325000.00000000 PA USD 326774.36000000 0.277111026457 Long DBT CORP BM N 2 2030-01-31 Fixed 8.75000000 N N N N N N BX TRUST 2025-DELC N/A BX 2025-DELC E 05594MAJ1 350000.00000000 PA USD 351875.13000000 0.298396968657 Long ABS-O CORP US N 2 2042-12-15 Floating 6.72251000 N N N N N N FREDDIE MAC STACR REMIC TRUST 2021-HQA3 5493000ISHRHX47NOH65 STACR 2021-HQA3 B2 35564KKL2 425000.00000000 PA USD 432596.15000000 0.366849966955 Long ABS-O USGSE US N 2 2041-09-25 Floating 9.89516000 N N N N N N DIGICEL INTERNATIONAL FINANCE LTD 5493007V023VOEW4FK27 DIGDIF 8.625 08/01/32 144A 25381MAA5 400000.00000000 PA USD 416418.40000000 0.353130919634 Long DBT CORP BM N 2 2032-08-01 Fixed 8.62500000 N N N N N N STANDARD BUILDING SOLUTIONS INC 54930064UHXCIUWVI755 BMCAUS 6.25 08/01/33 144A 853191AC8 225000.00000000 PA USD 225107.80000000 0.190895801988 Long DBT CORP US N 2 2033-08-01 Fixed 6.25000000 N N N N N N STANDARD BUILDING SOLUTIONS INC 54930064UHXCIUWVI755 BMCAUS 5.875 03/15/34 144A 853192AA0 350000.00000000 PA USD 341581.52000000 0.289667786744 Long DBT CORP US N 2 2034-03-15 Fixed 5.87500000 N N N N N N BETCLIC EVEREST GROUP SAS 96950037FKVH5JOEKU82 BTCLIC 5.125 12/10/31 144A 000000000 125000.00000000 PA 147110.39000000 0.124752478056 Long DBT CORP FR N 2 2031-12-10 Fixed 5.12500000 N N N N N N BNP PARIBAS SECURITIES CORP. RCNB6OTYUAMMP879YW96 ZAR/USD FORWARD 000000000 1.00000000 NC USD 30152.76000000 0.025570128189 N/A DFE CORP US N 2 BNP PARIBAS SECURITIES CORP. RCNB6OTYUAMMP879YW96 -14560000.00000000 ZAR 902856.15000000 USD 2026-05-21 30152.76000000 N N N Transdigm 88Q84GB3X55CF5OC7582 TransDigm Term Loan M (Incremental) 250 2032-08-01 89364MCE2 498248.12000000 PA USD 499660.65000000 0.423721970113 Long LON CORP US N 2 2032-08-19 Floating 6.15217000 N N N N N N UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT 254900HROIFWPRGM1V77 T 3.5 01/31/28 91282CGH8 1300000.00000000 PA USD 1291646.49000000 1.095341399074 Long DBT UST US N 2 2028-01-31 Fixed 3.50000000 N N N N N N VENTURE GLOBAL LNG INC 54930011XLBUWMQUC829 VENLNG V9 PERP 144a 92332YAF8 500000.00000000 PA USD 494863.85000000 0.419654190219 Long DBT CORP US N 2 N/A Fixed 9.00000000 N N N N N N JDAC 0 08/15/29 N/A JDAC 0 08/15/29 000000000 1.00000000 NS USD 114072.04000000 0.096735313304 Long EC CORP US N 2 N N N BANCO DE CREDITO DEL PERU SA 549300EQYQ8SCQZ4BY14 BCP V5.65 01/15/37 144A 05971U2K2 700000.00000000 PA USD 696675.00000000 0.590793978931 Long DBT CORP PE N 2 2037-01-15 Fixed 5.65000000 N N N N N N MADISON IAQ LLC 549300IXDNBXNHUPBU73 MADIAQ 5.875 06/30/29 144A 55760LAB3 150000.00000000 PA USD 149715.56000000 0.126961712994 Long DBT CORP US N 2 2029-06-30 Fixed 5.87500000 N N N N N N Digicel International Finance Ltd 5493007V023VOEW4FK27 DIGICEL INTERNATIONAL FINANCE LTD 000000000 101365.08000000 PA USD 101692.49000000 0.086237213614 Long LON CORP BM N 2 2032-08-06 Floating 0.00000000 N N N N N N BFLD COMMERCIAL MORTGAGE TRUST 2025-660F N/A BFLD 2025-660F D 05556QAG4 275000.00000000 PA USD 275890.81000000 0.233960784283 Long ABS-O CORP US N 2 2042-11-17 Floating 6.40471000 N N N N N N DRIVEN BRANDS FUNDING LLC N/A HONK 2025-1A A2 26209XAK7 398000.00000000 PA USD 360248.71000000 0.305497927707 Long ABS-O CORP US N 2 2055-10-20 Fixed 5.29600000 N N N N N N GALAXY BIDCO LTD 984500645A980C6A3639 DGGLN 8.125 12/19/29 REGS 000000000 125000.00000000 PA 175798.37000000 0.149080444255 Long DBT CORP JE N 2 2029-12-19 Fixed 8.12500000 N N N N N N HSBC SECURITIES (USA) INC. CYYGQCGNHMHPSMRL3R97 USD/NOK FORWARD 000000000 1.00000000 NC USD -33961.90000000 -0.02880035315 N/A DFE CORP US N 2 HSBC SECURITIES (USA) INC. CYYGQCGNHMHPSMRL3R97 -8650000.00000000 NOK 899503.84000000 USD 2026-05-20 -33961.90000000 N N N ENQUEST PLC 2138008LJU6WFQWOXJ73 ENQLN 9.875 04/30/31 144A 29357JAF3 275000.00000000 PA USD 284205.93000000 0.241012168113 Long DBT CORP GB N 2 2031-04-30 Fixed 9.87500000 N N N N N N METLIFE INC C4BXATY60WC6XEOZDX54 MET V5.85 03/15/56 . 59156RCR7 150000.00000000 PA USD 148034.21000000 0.125535895423 Long DBT CORP US N 2 2056-03-15 Fixed 5.85000000 N N N N N COLOGIX CANADIAN ISSUER LP N/A CLGIX 2022-1CAN B 19521DAJ0 400000.00000000 PA 291718.63000000 0.247383084144 Long DBT CORP CA N 2 2052-01-25 Fixed 5.68000000 N N N N N N CIBANCO SA 549300BR2MJVB6M3AW91 FISOMA 4.375 07/22/31 REGS 000000000 500000.00000000 PA USD 460571.05000000 0.390573227416 Long DBT CORP MX N 2 2031-07-22 Fixed 4.37500000 N N N N N BX 2025-BIO3 MORTGAGE TRUST N/A BX 2025-BIO3 B 123911AE9 550000.00000000 PA USD 551864.94000000 0.467992225550 Long ABS-O CORP US N 2 2042-02-12 Variable 6.55550000 N N N N N N OBSIDIAN ENERGY LTD 549300DITPHH8W8CK636 OBECN 8.125 12/03/30 144A 674482AE4 175000.00000000 PA 131570.47000000 0.111574323007 Long DBT CORP CA N 2 2030-12-03 Fixed 8.12500000 N N N N N N ALBANIA, REPUBLIC OF - MINISTRY OF FINANCE (MINISTRIA E FINANCAVE) 254900EDM43U3SGRND29 ALBANI 4.75 02/14/35 REGS 000000000 100000.00000000 PA 116733.67000000 0.098992427422 Long DBT NUSS AL N 2 2035-02-14 Fixed 4.75000000 N N N N N N WELLS FARGO COMMERCIAL MORTGAGE TRUST 2026-1250B N/A WFCM 2026-1250B D 949939AG7 375000.00000000 PA USD 371302.43000000 0.314871697716 Long ABS-O CORP US N 2 2041-03-12 Variable 6.59133000 N N N N N N BANCO DE CREDITO DEL PERU SA 549300EQYQ8SCQZ4BY14 BCP V6.45 07/30/35 144A 05971U2J5 175000.00000000 PA USD 179249.00000000 0.152006645752 Long DBT CORP PE N 2 2035-07-30 Fixed 6.45000000 N N N N N N FORT CRE 2022-FL3 ISSUER LLC N/A FORT 2022-FL3 AS 34706CAC3 200044.50000000 PA USD 200336.73000000 0.169889451814 Long ABS-CBDO CORP US N 2 2039-02-24 Floating 5.89415000 N N N N N N 2026-06-22 PAYDEN & RYGEL INVESTMENT GROUP Sandi Brents Sandi Brents Compliance Officer