1
Portfolio
of
Investments
April
30,
2026
JFR
(Unaudited)
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
LONG-TERM
INVESTMENTS
-
154.2%
(94.9%
of
Total
Investments)
ASSET-BACKED
SECURITIES
-
0.2%
(0.1%
of
Total
Investments)
–
$
750,000
(a),(b)
Battalion
CLO
XI
Ltd,
Series
2017
11A,
(TSFR3M
+
7.112%)
8.034
%
04/24/34
$
630,373
2,500,000
(a),(b)
Rockford
Tower
CLO
2017-3
Ltd,
Series
2017
3A,
(TSFR3M
+
6.012%)
6.813
10/20/30
2,297,672
TOTAL
ASSET-BACKED
SECURITIES
(Cost
$3,152,019)
2,928,045
SHARES
DESCRIPTION
VALUE
12436501
COMMON
STOCKS
-
0.9%
(0.6%
of
Total
Investments)
12436501
CAPITAL
GOODS
-
0.0%
(0.0%
of
Total
Investments)
4,865
(c)
TNT
Crane
&
Rigging,
Inc
122
8,626
(c)
TNT
Crane
&
Rigging,
Inc
86
TOTAL
CAPITAL
GOODS
208
CONSUMER
DISCRETIONARY
DISTRIBUTION
&
RETAIL
-
0.0%
(0.0%
of
Total
Investments)
749
(c),(d)
Belk,
Inc
5,992
TOTAL
CONSUMER
DISCRETIONARY
DISTRIBUTION
&
RETAIL
5,992
CONSUMER
SERVICES
-
0.1%
(0.1%
of
Total
Investments)
57,279
(c)
Cengage
Learning
Holdings
II,
Inc
1,059,662
331
(c)
Crown
Finance
US,
Inc
6,801
TOTAL
CONSUMER
SERVICES
1,066,463
ENERGY
-
0.5%
(0.3%
of
Total
Investments)
42,689
Chord
Energy
Corp
6,215,518
TOTAL
ENERGY
6,215,518
HEALTH
CARE
EQUIPMENT
&
SERVICES
-
0.0%
(0.0%
of
Total
Investments)
195,344
(c)
Onex
Carestream
Finance
LP
48,836
TOTAL
HEALTH
CARE
EQUIPMENT
&
SERVICES
48,836
MATERIALS
-
0.0%
(0.0%
of
Total
Investments)
35,667
(c)
Kleopatra
Finco
Sarl
49,814
35,667
(c)
Kleopatra
Finco
Sarl
49,814
35,667
(c)
Kleopatra
Finco
Sarl
49,814
35,667
(c)
Kleopatra
Finco
Sarl
49,814
35,667
(c)
Kleopatra
Finco
Sarl
49,814
35,667
(c)
Kleopatra
Finco
Sarl
49,814
35,667
(c)
Kleopatra
Finco
Sarl
,
Class
A
49,815
35,667
(c)
Kleopatra
Finco
Sarl
,
Class
B
49,814
35,667
(c)
Kleopatra
Finco
Sarl
,
Class
C
49,814
80
LyondellBasell
Industries
NV,
Class
A
5,968
TOTAL
MATERIALS
454,295
SEMICONDUCTORS
&
SEMICONDUCTOR
EQUIPMENT
-
0.0%
(0.0%
of
Total
Investments)
60,637
(c)
Bright
Bidco
BV
19,221
44,390
(c)
Bright
Bidco
BV
14,072
TOTAL
SEMICONDUCTORS
&
SEMICONDUCTOR
EQUIPMENT
33,293
SOFTWARE
&
SERVICES
-
0.0%
(0.0%
of
Total
Investments)
573
(c),(d)
Bloom
Parent,
Inc
572,645
TOTAL
SOFTWARE
&
SERVICES
572,645
TECHNOLOGY
HARDWARE
&
EQUIPMENT
-
0.0%
(0.0%
of
Total
Investments)
8,348
(c)
MLN
US
Holdco
LLC
417
63,304
(c)
Riverbed
Technology
LLC
633
TOTAL
TECHNOLOGY
HARDWARE
&
EQUIPMENT
1,050
TELECOMMUNICATION
SERVICES
-
0.3%
(0.2%
of
Total
Investments)
141,594
(c)
Altice
France
Lux
3
2,883,253
91,620
(c)
Uniti
Group,
Inc
1,083,865
TOTAL
TELECOMMUNICATION
SERVICES
3,967,118
Portfolio
of
Investments
April
30,
2026
(continued)
JFR
2
SHARES
DESCRIPTION
VALUE
TRANSPORTATION
-
0.0%
(0.0%
of
Total
Investments)
2,293
(c)
ACBL
HLDG
CORP
$
71,083
TOTAL
TRANSPORTATION
71,083
TOTAL
COMMON
STOCKS
(Cost
$23,208,161)
12,436,501
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
199494914
CORPORATE
BONDS
-
14.7%
(9.1%
of
Total
Investments)
(e)
199494914
AUTOMOBILES
&
COMPONENTS
-
0.2%
(0.1%
of
Total
Investments)
$
3,090,000
(b)
Dexko
Global
Inc
7.500
%
04/15/32
2,780,289
TOTAL
AUTOMOBILES
&
COMPONENTS
2,780,289
CAPITAL
GOODS
-
0.5%
(0.3%
of
Total
Investments)
3,110,000
(b)
Camelot
Return
Merger
Sub
Inc
8.750
08/01/28
1,982,567
4,537,000
TransDigm
Inc
4.625
01/15/29
4,476,971
TOTAL
CAPITAL
GOODS
6,459,538
COMMERCIAL
&
PROFESSIONAL
SERVICES
-
0.6%
(0.4%
of
Total
Investments)
2,000,000
(b)
Allied
Universal
Holdco
LLC
7.875
02/15/31
2,097,744
2,000,000
(b)
Madison
IAQ
LLC
4.125
06/30/28
1,972,132
4,750,000
(b)
Prime
Security
Services
Borrower
LLC
/
Prime
Finance
Inc
3.375
08/31/27
4,657,474
TOTAL
COMMERCIAL
&
PROFESSIONAL
SERVICES
8,727,350
CONSUMER
DISCRETIONARY
DISTRIBUTION
&
RETAIL
-
0.2%
(0.1%
of
Total
Investments)
1,500,000
(b)
Carvana
Co
9.000
06/01/30
1,560,380
900,000
(b)
Wand
NewCo
3
Inc
7.625
01/30/32
936,929
TOTAL
CONSUMER
DISCRETIONARY
DISTRIBUTION
&
RETAIL
2,497,309
CONSUMER
SERVICES
-
0.9%
(0.6%
of
Total
Investments)
10,261,000
(b)
1011778
BC
ULC
/
New
Red
Finance
Inc
4.000
10/15/30
9,761,888
1,807,000
(b)
1011778
BC
ULC
/
New
Red
Finance
Inc
3.500
02/15/29
1,741,113
1,000,000
(b)
Premier
Entertainment
Sub
LLC
/
Premier
Entertainment
Finance
Corp
5.625
09/01/29
651,651
TOTAL
CONSUMER
SERVICES
12,154,652
ENERGY
-
0.9%
(0.6%
of
Total
Investments)
1,260,000
(b)
Borr
IHC
Ltd
/
Borr
Finance
LLC
10.000
11/15/28
1,316,321
1,000,000
(b)
EG
Global
Finance
PLC
12.000
11/30/28
1,066,739
1,799,000
(b)
Hilcorp
Energy
I
LP
/
Hilcorp
Finance
Co
6.250
11/01/28
1,808,511
6,000,000
PBF
Holding
Co
LLC
/
PBF
Finance
Corp
6.000
02/15/28
5,994,789
2,000,000
(b),(f),(g)
Venture
Global
LNG
Inc
9.000
N/A
1,978,085
TOTAL
ENERGY
12,164,445
EQUITY
REAL
ESTATE
INVESTMENT
TRUSTS
(REITS)
-
1.5%
(1.0%
of
Total
Investments)
9,750,000
American
Tower
Corp
2.950
01/15/51
6,049,782
5,920,000
(b),(h)
Office
Properties
Income
Trust
9.000
03/31/29
5,964,400
3,500,000
(b)
Office
Properties
Income
Trust
9.000
09/30/29
2,870,000
1,200,000
Service
Properties
Trust
8.875
06/15/32
1,231,426
5,000,000
(b)
Uniti
Group
LP
/
Uniti
Group
Finance
2019
Inc
/
CSL
Capital
LLC
6.500
02/15/29
4,912,579
TOTAL
EQUITY
REAL
ESTATE
INVESTMENT
TRUSTS
(REITS)
21,028,187
FOOD,
BEVERAGE
&
TOBACCO
-
0.5%
(0.3%
of
Total
Investments)
2,147,000
(b)
Froneri
Lux
FinCo
SARL
6.000
08/01/32
2,123,449
4,125,000
(b)
Primo
Water
Holdings
Inc
/
Triton
Water
Holdings
Inc
4.375
04/30/29
4,025,568
TOTAL
FOOD,
BEVERAGE
&
TOBACCO
6,149,017
HEALTH
CARE
EQUIPMENT
&
SERVICES
-
1.6%
(1.0%
of
Total
Investments)
5,025,000
(b)
Medline
Borrower
LP
3.875
04/01/29
4,882,101
1,980,000
(b)
Medline
Borrower
LP
5.250
10/01/29
1,970,517
9,284,873
(b)
Team
Health
Holdings
Inc
,
(cash
9.000%,
PIK
4.500%)
9.000
06/30/28
9,760,723
1,930,000
(b)
Team
Health
Holdings
Inc
8.375
06/30/28
1,936,524
2,636,000
Tenet
Healthcare
Corp
6.125
10/01/28
2,642,640
TOTAL
HEALTH
CARE
EQUIPMENT
&
SERVICES
21,192,505
3
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
INSURANCE
-
0.2%
(0.1%
of
Total
Investments)
$
935,000
(b)
Alliant
Holdings
Intermediate
LLC
/
Alliant
Holdings
Co-Issuer
4.250
%
10/15/27
$
920,544
1,825,000
(b)
Alliant
Holdings
Intermediate
LLC
/
Alliant
Holdings
Co-Issuer
6.750
04/15/28
1,845,882
TOTAL
INSURANCE
2,766,426
MATERIALS
-
0.3%
(0.2%
of
Total
Investments)
1,000,000
Ball
Corp
6.000
06/15/29
1,017,344
2,000,000
(b)
Consolidated
Energy
Finance
SA
5.625
10/15/28
1,900,000
1,149,000
(b)
Qnity
Electronics
Inc
5.750
08/15/32
1,160,055
TOTAL
MATERIALS
4,077,399
MEDIA
&
ENTERTAINMENT
-
2.3%
(1.4%
of
Total
Investments)
710,077
(b)
Advantage
Sales
&
Marketing
Inc
9.000
11/15/30
566,379
13,000,000
Charter
Communications
Operating
LLC
/
Charter
Communications
Operating
Capital
3.500
03/01/42
8,850,453
2,270,000
(b)
Directv
Financing
LLC
/
Directv
Financing
Co-Obligor
Inc
10.000
02/15/31
2,361,912
3,000,000
(b)
DISH
DBS
Corp
5.750
12/01/28
2,947,471
974,647
(b)
iHeartCommunications
Inc
9.125
05/01/29
976,465
5,882,000
(b)
McGraw-Hill
Education
Inc
5.750
08/01/28
5,837,378
3,120,000
(b)
Neptune
Bidco
US
Inc
9.500
02/15/33
3,122,476
1,000,000
(b)
Nexstar
Media
Inc
6.500
09/15/33
1,007,696
1,000,000
(b)
Scripps
Escrow
II
Inc
3.875
01/15/29
947,538
4,000,000
(b)
Sinclair
Television
Group
Inc
8.125
02/15/33
4,142,280
1,824,000
(b)
Telesat
Canada
/
Telesat
LLC
6.500
10/15/27
1,094,401
TOTAL
MEDIA
&
ENTERTAINMENT
31,854,449
PHARMACEUTICALS,
BIOTECHNOLOGY
&
LIFE
SCIENCES
-
0.4%
(0.2%
of
Total
Investments)
1,185,000
(b)
1261229
BC
Ltd
10.000
04/15/32
1,223,842
2,000,000
(b)
GENMAB
A/S/GENMAB
FINANCE
LLC
6.250
12/15/32
2,052,500
2,000,000
(b)
Jazz
Securities
DAC
4.375
01/15/29
1,955,976
TOTAL
PHARMACEUTICALS,
BIOTECHNOLOGY
&
LIFE
SCIENCES
5,232,318
SOFTWARE
&
SERVICES
-
0.5%
(0.3%
of
Total
Investments)
1,500,000
(b)
Cloud
Software
Group
Inc
6.500
03/31/29
1,460,484
1,975,000
(b)
Cloud
Software
Group
Inc
8.250
06/30/32
1,876,324
1,000,000
(b)
Open
Text
Holdings
Inc
4.125
12/01/31
853,874
5,518,515
(b)
Rackspace
Finance
LLC
3.500
05/15/28
2,717,869
TOTAL
SOFTWARE
&
SERVICES
6,908,551
TECHNOLOGY
HARDWARE
&
EQUIPMENT
-
0.1%
(0.1%
of
Total
Investments)
1,250,000
(b)
Viasat
Inc
7.500
05/30/31
1,252,753
TOTAL
TECHNOLOGY
HARDWARE
&
EQUIPMENT
1,252,753
TELECOMMUNICATION
SERVICES
-
2.6%
(1.6%
of
Total
Investments)
2,124,963
(b)
Altice
France
SA
6.875
07/15/32
2,090,240
1,500,000
(b)
Connect
Holding
II
LLC
10.500
04/03/31
1,528,550
2,108,000
EchoStar
Corp,
(cash
6.750%,
PIK
6.750%)
6.750
11/30/30
2,138,813
8,622,000
EchoStar
Corp
10.750
11/30/29
9,361,357
2,250,000
Frontier
Communications
Holdings
LLC
5.875
11/01/29
2,261,313
3,022,000
(b)
Frontier
Communications
Holdings
LLC
6.000
01/15/30
3,038,690
2,400,000
(b)
Level
3
Financing
Inc
8.500
01/15/36
2,570,426
365,000
(b)
Telesat
Canada
/
Telesat
LLC
5.625
12/06/26
312,075
585
(d),(f)
Uniti
Group
Inc
11.000
N/A
632,573
7,611,410
(b)
Zayo
Group
Holdings
Inc
,
(cash
5.750%,
PIK
0.500%)
9.250
03/09/30
7,615,216
4,284,432
(b)
Zayo
Group
Holdings
Inc
,
(cash
7.125%,
PIK
1.875%)
13.750
09/09/30
4,224,450
TOTAL
TELECOMMUNICATION
SERVICES
35,773,703
TRANSPORTATION
-
0.4%
(0.2%
of
Total
Investments)
3,025,000
Delta
Air
Lines
Inc
3.750
10/28/29
2,912,478
2,377,000
(b)
United
Airlines
Inc
4.625
04/15/29
2,346,397
TOTAL
TRANSPORTATION
5,258,875
UTILITIES
-
1.0%
(0.6%
of
Total
Investments)
3,060,000
Pacific
Gas
and
Electric
Co
4.550
07/01/30
3,025,539
1
Pacific
Gas
and
Electric
Co
4.500
07/01/40
1
6,028,000
PG&E
Corp
5.000
07/01/28
5,998,500
950,000
PG&E
Corp
5.250
07/01/30
940,467
1,185,000
(b)
Talen
Energy
Supply
LLC
6.250
02/01/34
1,176,156
Portfolio
of
Investments
April
30,
2026
(continued)
JFR
4
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
UTILITIES
(continued)
$
1,980,000
(b)
Vistra
Operations
Co
LLC
7.750
%
10/15/31
$
2,076,485
TOTAL
UTILITIES
13,217,148
TOTAL
CORPORATE
BONDS
(Cost
$194,726,100)
199,494,914
SHARES
DESCRIPTION
VALUE
1,002,800
EXCHANGE-TRADED
FUNDS
-
0.1%
(0.0%
of
Total
Investments)
1,002,800
40,000
Nuveen
AA-BBB
CLO
ETF
1,002,800
TOTAL
EXCHANGE-TRADED
FUNDS
(Cost
$1,002,600)
1,002,800
SHARES
DESCRIPTION
RATE
VALUE
339,920
PREFERRED
STOCK
-
0.0%
(0.0%
of
Total
Investments)
339,920
TRANSPORTATION
-
0.0%
(0.0%
of
Total
Investments)
9,712
(c)
ACBL
HLDG
CORP
0.000
339,920
TOTAL
TRANSPORTATION
339,920
TOTAL
PREFERRED
STOCK
(Cost
$296,216)
339,920
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
1871856543
VARIABLE
RATE
SENIOR
LOAN
INTERESTS
-
138.2%
(85.1%
of
Total
Investments)
1871856543
AUTOMOBILES
&
COMPONENTS
-
1.4%
(0.9%
of
Total
Investments)
1,027,381
(a)
Adient
US
LLC,
Term
Loan
B2,
(TSFR1M
+
2.000%)
5.652
01/29/31
1,030,375
3,034,625
(a)
Clarios
Global
LP,
Term
Loan
B,
(TSFR1M
+
2.500%)
6.152
05/06/30
3,051,695
7,395,359
(a)
Clarios
Global
LP,
Term
Loan
B,
(TSFR1M
+
2.750%)
6.402
01/28/32
7,440,064
8,196,760
(a),(
i
)
DexKo
Global
Inc.,
Term
Loan
B,
(TSFR3M
+
4.500%)
8.147
10/20/31
7,810,816
TOTAL
AUTOMOBILES
&
COMPONENTS
19,332,950
CAPITAL
GOODS
-
15.7%
(9.7%
of
Total
Investments)
5,976,510
(a)
ACProducts
,
Inc.,
Term
Loan
B,
(TSFR3M
+
4.250%)
8.211
05/17/28
4,865,805
151,928
(a),(j)
Air
Comm
Corporation,
LLC,
Delayed
Draw
Term
Loan
1.000
12/11/31
152,735
3,108,753
(a)
Air
Comm
Corporation,
LLC,
Term
Loan,
(TSFR3M
+
2.750%)
6.436
12/11/31
3,125,261
1,097,236
(a)
Albion
Financing
3
SARL,
Term
Loan,
(TSFR3M
+
3.000%)
6.664
05/21/31
1,103,957
2,500,000
(a)
Allison
Transmission,
Inc.,
Incremental
Term
Loan
B,
(TSFR1M
+
1.750%)
5.402
01/03/33
2,518,088
4,278,000
(a)
Amentum
Holdings,
Inc.,
Term
Loan
B,
(TSFR1M
+
1.750%)
5.402
09/29/31
4,287,369
2,721,884
(a),(
i
)
American
Trailer
World
Corp.,
Term
Loan
B,
(TSFR1M
+
3.750%)
7.502
03/03/28
2,055,703
1,612,931
(a)
Artera
Services,
LLC,
Term
Loan,
(TSFR1M
+
4.500%)
8.152
02/10/31
1,386,451
4,825,902
(a)
Barnes
Group
Inc
,
Term
Loan
B,
(TSFR1M
+
2.500%)
6.152
01/27/32
4,832,948
6,788,000
(a)
BCPE
Empire
Holdings,
Inc.,
10th
Amendment
Term
Loan,
(TSFR1M
+
3.500%)
7.152
12/29/32
6,790,104
3,097,159
(a)
BCPE
Empire
Holdings,
Inc.,
Term
Loan
B,
(TSFR1M
+
3.250%)
6.902
12/26/30
3,094,743
541,005
(a),(
i
)
Bleriot
US
Bidco
Inc.,
Term
Loan
B,
(TSFR3M
+
2.250%)
5.950
10/17/30
543,188
3,277,319
(a)
Brand
Industrial
Services
Inc
,
Term
Loan
B,
(TSFR3M
+
4.500%)
8.164
08/01/30
2,855,036
5,855,650
(a),(
i
)
Centuri
Group,
Inc
,
Refinance
Term
Loan
B,
(TSFR1M
+
2.000%)
5.665
07/09/32
5,876,877
14,586,221
(a)
Chamberlain
Group
Inc
,
Term
Loan
B,
(TSFR1M
+
2.750%)
6.402
09/08/32
14,588,336
1,889,515
(a)
Chart
Industries,
Inc.,
Term
Loan
B,
(TSFR3M
+
2.500%)
6.182
03/18/30
1,896,015
2,560,771
(a)
Columbus
McKinnon
Corporation,
Term
Loan
B,
(TSFR3M
+
3.500%)
7.200
02/03/33
2,568,248
2,325,000
(a)
CompoSecure
Holdings
LLC,
Term
Loan,
(TSFR1M
+
2.250%)
5.918
01/14/33
2,334,695
5,266,996
(a),(
i
)
Conair
Holdings,
LLC,
Term
Loan
B,
(TSFR1M
+
3.750%)
7.517
05/17/28
3,729,691
3,927,098
(a)
Core
&
Main
LP,
Term
Loan
B,
(TSFR1M
+
2.000%)
5.654
07/27/28
3,942,630
2,499,673
(a)
Cornerstone
Building
Brands,
Inc.,
Term
Loan
B,
(TSFR3M
+
3.250%)
7.024
04/12/28
1,555,471
3,624,941
(a)
CP
Atlas
Buyer,
Inc.,
Term
Loan,
(TSFR1M
+
5.250%)
8.902
07/08/30
3,261,323
3,853,500
(a)
Dycom
Investments
Inc
,
Term
Loan
B,
(TSFR1M
+
1.750%)
5.405
01/27/33
3,887,237
3,622,174
(a),(
i
)
Gates
Global
LLC,
Term
Loan
B5,
(TSFR1M
+
1.750%)
5.402
06/04/31
3,631,972
2,621,538
(a)
Gibraltar
Industries
Inc
,
Term
Loan
B,
(TSFR1M
+
2.250%)
5.908
02/02/33
2,624,815
2,212,000
(a)
Green
Infrastructure
Partners
Inc
,
Term
Loan
B,
(TSFR3M
+
2.750%)
6.450
09/24/32
2,220,295
5
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
CAPITAL
GOODS
(continued)
$
1,866,750
(a)
INNIO
Group
Holding
GmbH,
Term
Loan
B,
(TSFR3M
+
2.000%)
5.660
%
11/28/31
$
1,874,049
1,356,955
(a),(
i
),(j)
Kaman
Corporation,
Delayed
Draw
Term
Loan
1.000
02/26/32
1,364,357
11,796,305
(a),(
i
)
Kaman
Corporation,
Term
Loan
B,
(TSFR3M
+
2.250%)
5.950
02/26/32
11,860,654
2,673,155
(a),(
i
)
LSF12
Helix
Parent
LLC,
Term
Loan
B,
(TSFR1M
+
3.500%)
7.152
02/10/33
2,677,846
0
(a)
Madison
IAQ
LLC,
Term
Loan,
(TSFR6M
+
2.500%)
6.181
06/21/28
0
3,995,195
(a),(
i
)
Madison
Safety
&
Flow
LLC,
First
Lien
Term
Loan
B,
(TSFR1M
+
2.500%)
6.154
09/26/31
4,009,099
956,686
(a)
MI
Windows
and
Doors,
LLC,
Term
Loan
B2,
(TSFR1M
+
2.750%)
6.402
03/28/31
942,608
0
(a)
Oregon
Tool
Lux
LP,
(TSFR3M
+
4.000%)
7.913
10/15/29
0
1,124,000
(a)
Oregon
Tool,
Inc.,
First
Lien
Term
Loan,
(TSFR3M
+
5.350%)
9.002
10/15/29
1,134,363
392,742
(a),(j)
Pinnacle
Buyer
LLC,
Delayed
Draw
Term
Loan
2.500
10/01/32
394,969
2,037,152
(a)
Pinnacle
Buyer
LLC,
Term
Loan,
(TSFR3M
+
2.500%)
6.182
10/01/32
2,048,703
10,302,516
(a),(
i
)
Quikrete
Holdings,
Inc.,
Term
Loan
B,
(TSFR1M
+
2.250%)
5.902
01/31/32
10,322,812
8,490,548
(a),(
i
)
Quikrete
Holdings,
Inc.,
Term
Loan
B1,
(TSFR1M
+
2.250%)
5.902
04/14/31
8,505,661
1,973,222
(a)
QXO
Inc
,
Term
Loan
B,
(TSFR1M
+
2.000%)
5.652
04/30/32
1,976,261
3,673,046
(a)
Resideo
Funding
Inc.,
Incremental
Term
Loan,
(TSFR3M
+
2.000%)
5.674
08/13/32
3,683,772
9,407,750
(a),(
i
)
Resilience
Parent
LLC,
First
Lien
Term
Loan,
(TSFR6M
+
2.500%)
6.126
02/28/33
9,440,677
15,588,675
(a),(
i
)
TK
Elevator
Midco
GmbH,
Term
Loan
B,
(TSFR6M
+
2.750%)
6.377
04/30/30
15,739,184
3,826,250
(a)
TK
Elevator
Midco
GmbH,
Term
Loan
B,
(TSFR3M
+
2.750%)
6.442
04/30/30
3,860,533
3,517,410
(a)
TransDigm
,
Inc.,
Term
Loan,
(TSFR1M
+
2.500%)
6.152
01/20/32
3,526,784
13,924,082
(a),(
i
)
TransDigm
,
Inc.,
Term
Loan
J,
(TSFR1M
+
2.500%)
6.152
02/28/31
13,960,563
4,029,428
(a)
TransDigm
,
Inc.,
Term
Loan
K,
(TSFR1M
+
2.250%)
5.902
03/22/30
4,040,206
10,893,193
(a)
TransDigm
,
Inc.,
Term
Loan
M,
(TSFR1M
+
2.500%)
6.152
08/19/32
10,924,075
5,926,000
(a),(k)
TransDigm
,
Inc.,
Term
Loan
N,
(TBD)
TBD
TBD
5,942,504
2,013,000
(a)
Victory
Buyer
LLC,
Term
Loan
B,
(TSFR3M
+
3.000%)
6.663
02/14/33
2,029,044
2,395,000
(a),(k)
VSE
Corp,
(TBD)
TBD
TBD
2,408,975
TOTAL
CAPITAL
GOODS
212,396,692
COMMERCIAL
&
PROFESSIONAL
SERVICES
-
10.8%
(6.7%
of
Total
Investments)
15,080,531
(a)
Allied
Universal
Holdco
LLC,
Term
Loan
B,
(TSFR1M
+
3.250%)
6.902
08/20/32
15,141,003
5,485,059
(a),(
i
)
Anticimex
International
AB,
Term
Loan,
(SOFR90A
+
2.900%)
6.560
11/17/31
5,507,932
5,134,751
(a)
Archkey
Solutions
LLC,
Term
Loan
B,
(TSFR3M
+
4.000%)
7.700
11/03/31
5,163,634
2,701,250
(a)
CACI
International,
Inc.,
Incremental
Term
Loan
B2,
(TSFR1M
+
1.750%)
5.402
03/09/33
2,714,756
5,330,248
(a),(
i
)
CoreLogic
,
Inc.,
Term
Loan,
(TSFR1M
+
3.500%)
7.267
06/02/28
5,230,306
4,727,969
(a)
Creative
Artists
Agency,
LLC
,
Repriced
Term
Loan
B,
(TSFR1M
+
2.500%)
6.152
10/01/31
4,747,330
12,943,000
(a)
Dayforce
,
Inc.,
Term
Loan,
(TSFR3M
+
3.000%)
6.663
02/04/33
12,242,460
5,688,000
(a),(
i
)
Ensemble
RCM,
LLC,
Term
Loan
B,
(TSFR3M
+
3.000%)
6.663
02/09/33
5,657,342
5,330,358
(a)
Garda
World
Security
Corporation,
Term
Loan
B,
(TSFR3M
+
2.750%)
6.419
02/01/29
5,333,690
6,627,123
(a),(
i
)
GFL
Environmental
Inc.,
Term
Loan
B,
(TSFR3M
+
2.500%)
6.166
03/03/32
6,649,921
805,000
(a)
Heritage
Environmental
Services,
Inc.,
Term
Loan
B,
(TSFR3M
+
3.000%)
6.677
03/21/33
809,025
344,770
(a)
Medical
Solutions
Holdings,
Inc.,
First
Lien
Term
Loan,
(TSFR3M
+
3.500%)
7.263
11/01/28
57,104
4,820,977
(a)
OMNIA
Partners
LLC,
Term
Loan
B,
(TSFR3M
+
2.750%)
6.433
12/31/32
4,854,121
2,203,477
(a)
Openlane
Inc
,
Term
Loan
B,
(TSFR3M
+
2.500%)
6.140
10/08/32
2,214,495
7,411,400
(a),(
i
)
PG
Investment
Company
59
S.a
r.l
.,
Repriced
Term
Loan
B,
(TSFR3M
+
2.250%)
5.950
03/26/31
7,458,277
6,471,352
(a)
Prime
Security
Services
Borrower,
LLC,
First
Lien
Term
Loan
B,
(TSFR1M
+
2.000%)
5.657
10/15/30
6,484,845
1,492,462
(a)
Prime
Security
Services
Borrower,
LLC,
Incremental
Term
Loan
B,
(TSFR1M
+
1.750%)
5.407
03/08/32
1,479,053
1,096,778
(a),(
i
),(j)
Pye
-Barker
Fire
&
Safety,
LLC,
Delayed
Draw
Term
Loan,
(N/A
+
TSFR3M
+
1.875%)
3.707
12/16/32
1,102,519
7,339,972
(a),(
i
)
Pye
-Barker
Fire
&
Safety,
LLC,
Term
Loan,
(TSFR3M
+
2.500%)
6.163
12/16/32
7,378,397
5,189,148
(a)
Reverb
Buyer,
Inc.,
Steerco
Term
Loan,
(TSFR3M
+
3.500%)
7.263
11/01/28
3,736,186
832,913
(a)
Reworld
Holding
Corp,
First
Lien
Term
Loan
B,
(TSFR1M
+
2.250%)
5.904
01/15/31
834,995
Portfolio
of
Investments
April
30,
2026
(continued)
JFR
6
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
COMMERCIAL
&
PROFESSIONAL
SERVICES
(continued)
$
518,253
(a)
Reworld
Holding
Corp,
First
Lien
Term
Loan
C,
(TSFR1M
+
2.250%)
5.911
%
01/15/31
$
519,426
3,765,210
(a),(
i
)
Reworld
Holding
Corp,
Term
Loan
B,
(TSFR1M
+
2.250%)
5.902
11/30/28
3,775,019
3,189,247
(a)
Reworld
Holding
Corp,
Term
Loan
B1,
(TSFR1M
+
2.250%)
5.911
01/15/31
3,196,471
1,157,315
(a)
Signal
Parent,
Inc
,
Term
Loan
B,
(TSFR3M
+
3.500%)
7.263
04/03/28
716,482
2,133,942
(a)
Spin
Holdco
Inc.,
First
Lien
First
Out
Term
Loan,
(TSFR3M
+
5.430%)
9.096
09/04/30
2,180,761
13,503,735
(a),(
i
)
Spin
Holdco
Inc.,
First
Lien
Second
Out
Term
Loan,
(TSFR3M
+
4.000%)
7.928
09/04/30
9,553,892
3,205,002
(a)
West
Corporation,
Term
Loan
B3,
(TSFR3M
+
4.000%)
7.913
04/12/27
622,011
21,421,080
(a),(
i
)
WIN
Waste
Innovations
Holdings,
Inc.,
Term
Loan
B,
(TSFR1M
+
2.750%)
6.517
03/27/28
21,501,409
0
(a)
XPLOR
T1
LLC,
Term
Loan,
(TSFR3M
+
3.500%)
7.167
12/01/32
0
TOTAL
COMMERCIAL
&
PROFESSIONAL
SERVICES
146,862,862
CONSUMER
DISCRETIONARY
DISTRIBUTION
&
RETAIL
-
4.1%
(2.5%
of
Total
Investments)
796,875
(a)
Academy,
Ltd.,
Term
Loan,
(TSFR1M
+
3.750%)
7.517
11/08/27
799,198
6,598,083
(a)
Belron
Finance
LLC,
Repriced
Term
Loan
B,
(TSFR3M
+
2.000%)
5.660
10/16/31
6,637,968
9,492,096
(a)
CNT
Holdings
I
Corp,
Term
Loan,
(TSFR3M
+
2.500%)
6.163
11/08/32
9,538,655
598,485
(a)
Dealer
Tire
Financial,
LLC,
Term
Loan
B4,
(TSFR1M
+
3.000%)
6.652
07/02/31
598,236
1
(a)
Gulfside
Supply
Inc
,
Term
Loan
B,
(TSFR3M
+
3.000%)
6.700
06/17/31
1
3,149,631
(a)
Johnstone
Supply
LLC,
Term
Loan
B,
(TSFR1M
+
2.250%)
5.918
06/09/31
3,154,765
0
(a)
Kodiak
BP
LLC,
(TSFR3M
+
3.750%)
9.500
12/04/31
0
3,004,394
(a)
Les
Schwab
Tire
Centers,
Term
Loan
B,
(TSFR3M
+
2.500%)
6.173
04/23/31
3,009,412
3,241,000
(a),(k)
Mister
Car
Wash
Holdings
Inc
,
(TBD)
TBD
TBD
3,258,226
2,871,087
(a)
Mister
Car
Wash
Holdings,
Inc.,
Term
Loan
B,
(TSFR1M
+
2.250%)
5.902
03/27/31
2,874,174
1,976,048
(a)
Park
River
Holdings
Inc
,
Term
Loan,
(TSFR3M
+
4.500%)
8.192
03/17/31
1,976,709
4,009,000
(a)
PetSmart,
Inc.,
Term
Loan
B,
(TSFR1M
+
4.000%)
7.652
08/18/32
4,030,308
4,992,426
(a)
Restoration
Hardware,
Inc.,
Term
Loan
B,
(TSFR1M
+
2.500%)
6.267
10/20/28
4,925,752
7,692,524
(a)
Wand
NewCo
3,
Inc.,
Repriced
Term
Loan
B,
(TSFR1M
+
2.500%)
6.152
01/30/31
7,712,756
2,625,000
(a)
White
Cap
Buyer
LLC,
Incremental
Term
Loan
B,
(TSFR1M
+
3.500%)
7.168
02/10/33
2,610,234
3,995,663
(a)
White
Cap
Buyer
LLC,
Term
Loan
B,
(TSFR1M
+
3.250%)
6.918
10/29/29
3,983,536
TOTAL
CONSUMER
DISCRETIONARY
DISTRIBUTION
&
RETAIL
55,109,930
CONSUMER
DURABLES
&
APPAREL
-
3.8%
(2.3%
of
Total
Investments)
6,908,833
(a)
ABG
Intermediate
Holdings
2
LLC,
First
Lien
Term
Loan
B,
(TSFR1M
+
2.250%)
5.902
12/21/28
6,931,735
17,361,492
(a)
AI
Aqua
Merger
Sub,
Inc.,
Term
Loan
B,
(TSFR1M
+
TSFR3M
+
2.500%)
6.161
07/31/28
17,425,122
4,081,341
(a),(
i
)
Hayward
Industries,
Inc.,
Term
Loan,
(TSFR1M
+
2.500%)
6.267
05/30/28
4,105,257
989,975
(a)
Hunter
Douglas
Inc.,
Term
Loan
B,
(TSFR3M
+
3.000%)
6.700
01/20/32
982,372
1,384,551
(a)
MajorDrive
Holdings
IV
LLC,
Term
Loan
B,
(TSFR3M
+
4.000%)
7.961
06/01/28
1,324,746
106,676
(a)
Serta
Simmons
Bedding,
LLC,
New
Term
Loan,
(TSFR3M
+
7.500%)
11.314
06/29/28
100,382
2,596,725
(a)
Somnigroup
International
Inc
,
Term
Loan
B,
(SOFR30A
+
2.250%)
5.900
10/24/31
2,611,877
337,140
(a)
Topgolf
Callaway
Brands
Corp.,
Term
Loan
B,
(TSFR1M
+
2.750%)
6.402
03/18/30
339,353
5,558,070
(a)
Varsity
Brands,
Inc.,
First
Lien
Term
Loan,
(TSFR3M
+
2.750%)
6.450
08/26/31
5,555,986
8,980,000
(a)
Weber-Stephen
Products
LLC,
Term
Loan
B,
(TSFR3M
+
3.750%)
7.442
10/01/32
8,768,117
3,192,825
(a)
WH
Borrower,
LLC,
Term
Loan
B,
(TSFR3M
+
4.500%)
8.156
02/20/32
3,201,318
TOTAL
CONSUMER
DURABLES
&
APPAREL
51,346,265
CONSUMER
SERVICES
-
13.8%
(8.5%
of
Total
Investments)
28,930,497
(a)
101B.C.
Unlimited
Liability
Company,
Term
Loan
B6,
(TSFR1M
+
1.750%)
5.402
09/23/30
28,993,710
0
(a)
Allwyn
Entertainment
Financing
US
LLC,
Term
Loan
B,
(TSFR3M
+
2.000%)
5.669
06/11/31
0
2,355,663
(a)
Alterra
Mountain
Company,
Term
Loan
B8,
(TSFR1M
+
2.500%)
6.152
05/31/30
2,365,474
4,941,401
(a),(
i
)
Alterra
Mountain
Company,
Term
Loan
B9,
(TSFR1M
+
2.500%)
6.152
08/17/28
4,956,842
7
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
CONSUMER
SERVICES
(continued)
$
11,287,975
(a)
Caesars
Entertainment
Inc.,
Term
Loan
B,
(TSFR1M
+
2.250%)
5.902
%
02/06/30
$
10,982,296
3,920,000
(a)
Caesars
Entertainment
Inc.,
Term
Loan
B1,
(TSFR1M
+
2.250%)
5.902
02/06/31
3,806,085
6,276,356
(a)
Camelot
U.S.
Acquisition
LLC,
Term
Loan
B,
(TSFR1M
+
2.750%)
6.402
01/31/31
5,909,566
2,385,000
(a)
Catawba
Nation
Gaming
Authority,
Term
Loan
B,
(TSFR3M
+
4.750%)
8.413
03/29/32
2,401,707
6,557,276
(a)
Churchill
Downs
Incorporated,
Incremental
Term
Loan
B1,
(TSFR1M
+
1.750%)
5.402
03/17/28
6,573,669
6,715,750
(a),(
i
)
Delta
2
(LUX)
S.a.r.l
.,
Term
Loan
B1,
(TSFR3M
+
1.750%)
5.450
09/19/31
6,737,576
2,907,482
(a)
Element
Materials
Technology
Group
US
Holdings
Inc.,
Term
Loan,
(TSFR3M
+
3.500%)
7.200
06/25/29
2,927,485
12,630,709
(a)
Fertitta
Entertainment,
LLC,
Term
Loan
B,
(TSFR1M
+
3.250%)
6.902
01/29/29
12,543,873
2,469,355
(a)
Flutter
Financing
B.V.,
Term
Loan
B,
(TSFR3M
+
2.000%)
5.700
06/04/32
2,460,873
23,582,188
(a)
Flutter
Financing
B.V.,
Term
Loan
B,
(TSFR3M
+
1.750%)
5.450
11/29/30
23,552,710
2,867,450
(a)
GBT
US
III
LLC,
Term
Loan
B,
(TSFR3M
+
2.000%)
5.667
07/28/31
2,843,636
6,318,237
(a)
GVC
Holdings
(Gibraltar)
Limited,
Term
Loan
B6
(2029),
(TSFR3M
+
2.250%)
5.951
10/31/29
6,334,538
1,359,725
(a)
Herschend
Entertainment
Company,
LLC,
Term
Loan
B,
(TSFR1M
+
2.500%)
6.152
05/27/32
1,367,265
10,242,367
(a)
Hilton
Domestic
Operating
Company,
Inc.,
Term
Loan
B4,
(TSFR1M
+
1.750%)
5.404
11/08/30
10,303,668
2,154,112
(a)
Hilton
Grand
Vacations
Borrower
LLC,
Term
Loan
B,
(TSFR1M
+
2.000%)
5.652
08/02/28
2,158,356
2,731,923
(a)
Houghton
Mifflin
Harcourt
Publishing
Company,
Term
Loan,
(TSFR3M
+
5.250%)
9.013
04/09/29
2,241,406
18,478,912
(a)
IRB
Holding
Corp,
Term
Loan
B,
(TSFR1M
+
2.500%)
6.154
12/16/30
18,548,208
11,149,081
(a)
Light
and
Wonder
International,
Inc.,
Term
Loan
B,
(TSFR1M
+
2.000%)
5.653
04/16/29
11,169,986
5,993,263
(a)
Motion
Finco
Sarl
,
Term
Loan
B,
(TSFR3M
+
3.500%)
7.200
11/30/29
5,326,513
6,131,887
(a)
Scientific
Games
Holdings
LP,
Term
Loan
B,
(TSFR3M
+
3.000%)
6.674
04/04/29
6,046,286
4,357,999
(a)
SeaWorld
Parks
&
Entertainment,
Inc.,
Term
Loan
B3,
(TSFR1M
+
2.000%)
5.652
12/04/31
4,319,866
598,473
(a)
Station
Casinos
LLC,
Term
Loan
B,
(TSFR1M
+
2.000%)
5.652
03/14/31
600,702
1,347,492
(a),(
i
)
TKO
Worldwide
Holdings,
LLC,
Term
Loan,
(TSFR3M
+
2.000%)
5.664
11/21/31
1,352,640
TOTAL
CONSUMER
SERVICES
186,824,936
ENERGY
-
4.3%
(2.6%
of
Total
Investments)
3,522,458
(a)
BCP
Renaissance
Parent
LLC,
Term
Loan
B3,
(TSFR3M
+
2.250%)
5.950
10/31/31
3,520,697
5,306,000
(a),(
i
)
EG
America
LLC,
Term
Loan
B,
(TSFR1M
+
3.250%)
6.902
02/10/31
5,317,938
19,721,857
(a)
Freeport
LNG
Investments,
LLLP,
Term
Loan
B,
(TSFR3M
+
3.250%)
6.925
01/31/33
19,777,374
9,049,917
(a),(
i
)
New
Fortress
Energy
Inc
,
Incremental
Term
Loan
B,
(Prime
+
6.500%)
13.250
10/30/28
5,917,243
4,862,748
(a)
Oryx
Midstream
Services
Permian
Basin
LLC,
Term
Loan
B,
(TSFR1M
+
2.250%)
5.904
10/05/28
4,884,704
4,639,872
(a),(
i
)
TransMontaigne
Operating
Company
L.P.,
Term
Loan
B,
(TSFR1M
+
2.250%)
5.902
03/18/30
4,659,197
2,750,000
(a),(k)
Traverse
Midstream
Partners
LLC,
(TBD)
TBD
TBD
2,757,741
5,122,767
(a)
Traverse
Midstream
Partners
LLC,
Term
Loan,
(TSFR3M
+
2.500%)
6.163
02/16/28
5,136,214
5,789,250
(a),(
i
)
Venture
Global
Calcasieu
Pass,
LLC,
Term
Loan
B,
(TSFR6M
+
3.250%)
6.937
04/11/33
5,814,578
TOTAL
ENERGY
57,785,686
EQUITY
REAL
ESTATE
INVESTMENT
TRUSTS
(REITS)
-
0.0%
(0.0%
of
Total
Investments)
745,266
Office
Properties
Income
Trust
12.000
05/04/26
763,898
TOTAL
EQUITY
REAL
ESTATE
INVESTMENT
TRUSTS
(REITS)
763,898
FINANCIAL
SERVICES
-
2.0%
(1.2%
of
Total
Investments)
1,181,030
(a)
AAL
Delaware
Holdco,
Inc.,
Term
Loan,
(TSFR1M
+
2.750%)
6.402
07/30/31
1,187,998
2,373,374
(a)
Aragorn
Parent
Corporation,
Repriced
Term
Loan
B,
(TSFR3M
+
3.500%)
7.163
12/15/28
2,386,238
4,851,721
(a)
Beach
Acquisition
Bidco
LLC,
Term
Loan
B,
(TSFR3M
+
3.250%)
6.950
09/13/32
4,880,540
4,548,456
(a)
Colossus
Acquireco
LLC,
Term
Loan
B,
(SOFR90A
+
1.750%)
5.380
07/30/32
4,554,141
Portfolio
of
Investments
April
30,
2026
(continued)
JFR
8
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
FINANCIAL
SERVICES
(continued)
$
4,526,994
(a),(d),(h)
Ditech
Holding
Corporation,
Term
Loan
0.000
%
06/30/27
$
453
3,961,250
(a),(k)
Jupiter
Borrower
Inc
,
(TBD)
TBD
TBD
3,981,056
1,091,001
(a)
Kestra
Advisor
Services
Holdings
A,
Inc.,
Repriced
Term
Loan,
(TSFR1M
+
3.000%)
6.652
03/24/31
1,094,410
1,300,171
(a)
NCR
Atleos
LLC,
Term
Loan
B,
(TSFR3M
+
3.000%)
6.686
04/16/29
1,301,387
1,896,429
(a)
Orion
Advisor
Solutions,
Inc.,
Term
Loan
B,
(TSFR3M
+
2.750%)
6.413
09/09/30
1,897,225
1,933,000
(a)
Orion
US
Finco
Inc.,
First
Lien
Term
Loan,
(TSFR3M
+
3.500%)
7.169
10/12/32
1,933,909
3,708,583
(a)
WEX
Inc.,
Term
Loan
B2,
(TSFR1M
+
1.750%)
5.402
04/03/28
3,714,869
TOTAL
FINANCIAL
SERVICES
26,932,226
FOOD,
BEVERAGE
&
TOBACCO
-
2.8%
(1.8%
of
Total
Investments)
4,783,605
(a)
CHG
PPC
Parent
LLC,
Term
Loan,
(TSFR1M
+
3.000%)
6.767
12/08/28
4,803,027
1,585,702
(a)
City
Brewing
Company,
LLC,
PIK
First
Out
Term
Loan,
(TSFR3M
+
7.000%),
(cash
10.672%,
PIK
7.000%)
10.673
09/30/30
237,855
358,314
(a)
City
Brewing
Company,
LLC,
PIK
Super
Priority
Term
Loan,
(TSFR3M
+
7.000%),
(cash
10.672%,
PIK
7.000%)
10.673
09/30/30
161,241
3,629,072
(a)
Fiesta
Purchaser,
Inc.,
Repriced
Term
Loan,
(TSFR1M
+
2.750%)
6.402
02/12/31
3,585,796
6,977,513
(a)
Froneri
Lux
Finco
Sarl
,
Term
Loan,
(TSFR6M
+
2.250%)
5.877
09/30/32
6,940,078
2,151,790
(a)
Froneri
Lux
Finco
Sarl
,
Term
Loan
B4,
(TSFR6M
+
2.250%)
5.877
09/30/31
2,139,212
2,316,000
(a)
Naked
Juice
LLC,
FLFO
Term
Loan,
(TSFR3M
+
5.500%)
9.200
01/24/29
2,314,159
5,830,171
(a)
Pegasus
BidCo
BV,
Repriced
Term
Loan
B,
(TSFR3M
+
2.750%)
6.403
07/12/29
5,864,802
9,926,250
(a)
Primo
Brands
Corporation,
Term
Loan
B,
(TSFR3M
+
2.750%)
6.432
03/31/31
10,000,300
129,310
(a),(j)
Sauer
Brands
Inc
,
Delayed
Draw
Term
Loan
3.000
02/19/32
129,957
1,360,409
(a)
Savor
Acquisition,
Inc.,
Term
Loan
B,
(TSFR3M
+
3.000%)
6.663
02/19/32
1,367,212
1,090,875
(a)
Wayne
Sanderson
Farms
LLC,
Repriced
Term
Loan
B,
(TSFR1M
+
2.000%)
5.652
05/21/32
1,092,239
TOTAL
FOOD,
BEVERAGE
&
TOBACCO
38,635,878
HEALTH
CARE
EQUIPMENT
&
SERVICES
-
12.2%
(7.5%
of
Total
Investments)
3,327,957
(a)
ADMI
Corp.,
Term
Loan
B5,
(TSFR1M
+
5.750%)
9.402
12/23/27
3,153,240
6,679,753
(a)
AHP
Health
Partners,
Inc.,
Term
Loan
B,
(TSFR1M
+
2.250%)
5.902
09/20/32
6,713,853
5,294,910
(a)
Bausch
&
Lomb
Corporation,
Repriced
Term
Loan,
(TSFR1M
+
3.750%)
7.402
01/15/31
5,332,160
10,494,757
(a)
Gainwell
Acquisition
Corp.,
Term
Loan
B,
(TSFR3M
+
4.000%)
7.800
10/01/27
10,335,184
14,448,155
(a)
Global
Medical
Response,
Inc.,
Term
Loan
B,
(TSFR1M
+
3.500%)
7.157
09/20/32
14,519,673
2,052,294
(a)
Insulet
Corporation,
Term
Loan,
(TSFR1M
+
2.000%)
5.652
08/04/31
2,072,817
8,113,153
(a),(
i
)
LifePoint
Health,
Inc.,
First
Lien
Term
Loan
B,
(TSFR3M
+
3.750%)
7.423
05/19/31
8,090,355
425,922
(a)
LifePoint
Health,
Inc.,
Incremental
Term
Loan
B1,
(TSFR3M
+
3.500%)
7.177
05/19/31
424,126
4,321,550
(a)
Lumexa
Imaging,
Inc.,
Term
Loan
B,
(TSFR3M
+
3.000%)
6.700
12/17/32
4,346,529
5,563,872
(a)
Medline
Borrower,
LP,
Incremental
Term
Loan
B,
(TSFR1M
+
1.750%)
5.402
10/23/30
5,591,942
6,326,789
(a)
Medline
Borrower,
LP,
Term
Loan
B,
(TSFR1M
+
1.750%)
5.402
10/23/28
6,355,892
3,435,000
(a),(
i
)
National
Mentor
Holdings,
Inc.,
First
Lien
Term
Loan
B,
(TSFR1M
+
6.000%)
9.652
12/12/30
3,454,683
2,714,000
(a)
Onex
TSG
Intermediate
Corp.,
Term
Loan
B,
(TSFR3M
+
3.250%)
6.950
08/06/32
2,736,336
7,775,734
(a),(
i
)
Opal
Bidco
SAS,
First
Lien
Term
Loan
B,
(TSFR3M
+
3.000%)
6.700
04/23/32
7,816,246
1,823,610
(a)
Pacific
Dental
Services,
LLC,
Term
Loan
B,
(TSFR1M
+
2.500%)
6.161
03/17/31
1,830,238
14,080,028
(a)
Phoenix
Guarantor
Inc
,
Term
Loan
B,
(TSFR1M
+
2.500%)
6.152
02/21/31
14,143,951
6,817,246
(a)
Radiology
Partners
Inc
,
Term
Loan,
(TSFR3M
+
4.500%)
8.200
06/30/32
6,721,396
1,960,262
(a)
Resonetics
,
LLC,
Repriced
Term
Loan
B,
(TSFR3M
+
2.750%)
6.420
06/18/31
1,969,456
4,605,250
(a),(k)
Select
Medical
Corp,
(TBD)
TBD
TBD
4,628,276
411,062
(a)
Sound
Inpatient
Physicians,
Tranche
A
Term
Loan
(First
Out),
(TSFR3M
+
3.250%),
(cash
9.461%,
PIK
1.000%)
5.231
06/28/28
415,173
10,177,744
(a)
Sound
Inpatient
Physicians,
Tranche
B
Term
Loan
(Second
Out),
(TSFR3M
+
2.500%),
(cash
7.461%,
PIK
1.500%)
4.481
06/28/28
10,075,967
4,184,983
(a)
Star
Parent
Inc.,
Term
Loan
B,
(TSFR3M
+
4.000%)
7.700
09/30/30
4,191,533
23,721,765
(a),(
i
)
Surgery
Center
Holdings,
Inc.,
Term
Loan
B,
(TSFR1M
+
2.500%)
6.152
12/19/30
23,812,501
10,151,433
(a)
Team
Health
Holdings,
Inc.,
Repriced
Term
Loan
B,
(TSFR3M
+
4.000%)
7.663
06/30/28
10,179,197
9
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
HEALTH
CARE
EQUIPMENT
&
SERVICES
(continued)
$
3,010,365
(a)
Upstream
Newco
,
Inc.,
Term
Loan,
(TSFR3M
+
4.250%),
(cash
8.187%,
PIK
1.500%)
8.187
%
11/20/29
$
2,808,821
3,981,055
(a)
Viant
Medical
Holdings,
Inc.,
Term
Loan
B,
(TSFR1M
+
4.000%)
7.652
10/29/31
3,893,969
32,161
(a),(d)
Vyaire
Medical
Inc
0.000
06/14/27
3
1,403,005
(a),(d),(h)
Vyaire
Medical
Inc
,
(TSFR3M
+
4.750%)
0.000
04/16/25
140
TOTAL
HEALTH
CARE
EQUIPMENT
&
SERVICES
165,613,657
HOUSEHOLD
&
PERSONAL
PRODUCTS
-
0.2%
(0.1%
of
Total
Investments)
2,573,127
(a)
VC
GB
Holdings
I
Corp.,
First
Lien
Term
Loan,
(TSFR3M
+
3.500%)
7.461
05/16/28
2,571,531
TOTAL
HOUSEHOLD
&
PERSONAL
PRODUCTS
2,571,531
INSURANCE
-
10.1%
(6.2%
of
Total
Investments)
8,474,625
(a)
Acrisure
,
LLC,
First
Lien
Term
Loan
B6,
(TSFR1M
+
3.000%)
6.652
11/06/30
8,362,336
5,780,986
(a)
Alera
Group,
Inc.,
Term
Loan
B,
(TSFR1M
+
2.750%)
6.402
05/28/32
5,725,576
19,244,339
(a)
Alliant
Holdings
Intermediate,
LLC,
Term
Loan
B,
(TSFR1M
+
2.500%)
6.152
09/19/31
19,235,294
3,635,047
(a)
AmWINS
Group,
Inc.,
Term
Loan
B,
(TSFR1M
+
2.000%)
5.652
01/30/32
3,636,320
7,940,000
(a)
Asurion
LLC,
Term
Loan
B13,
(TSFR3M
+
4.250%)
7.913
09/19/30
7,954,173
6,599,385
(a)
Asurion
LLC,
Term
Loan
B14,
(TSFR3M
+
3.750%)
7.413
02/23/33
6,503,859
23,515,061
(a)
Broadstreet
Partners,
Inc.,
Term
Loan
B4,
(TSFR1M
+
2.500%)
6.152
06/16/31
23,394,311
3,630,500
(a)
Evertec
Group,
LLC,
Term
Loan
B,
(TSFR1M
+
2.250%)
5.902
10/15/30
3,644,114
20,051,649
(a)
HUB
International
Limited,
Term
Loan
B,
(TSFR3M
+
2.250%)
5.922
06/20/30
20,123,334
2,166,758
(a)
Ryan
Specialty
Group,
LLC,
Term
Loan
B,
(TSFR1M
+
2.000%)
5.652
09/15/31
2,176,238
7,043,888
(a)
Sedgwick
Claims
Management
Services,
Inc.,
Term
Loan
B,
(TSFR1M
+
2.500%)
6.152
07/31/31
7,002,293
1
(a)
Trucordia
Insurance
Holdings
LLC,
(TSFR1M
+
3.250%)
6.918
06/17/32
0
12,554,718
(a)
Truist
Insurance
Holdings
LLC,
Term
Loan
B,
(TSFR3M
+
2.750%)
6.450
05/06/31
12,491,944
5,742,527
(a)
USI,
Inc.,
Term
Loan
C,
(TSFR3M
+
2.250%)
5.950
09/27/30
5,755,534
10,727,332
(a)
USI,
Inc.,
Term
Loan
D,
(TSFR3M
+
2.250%)
5.950
11/23/29
10,752,220
TOTAL
INSURANCE
136,757,546
MATERIALS
-
6.8%
(4.2%
of
Total
Investments)
3,667,847
(a)
Arsenal
AIC
Parent
LLC,
Term
Loan
B,
(TSFR1M
+
2.750%)
6.402
08/19/30
3,686,187
4,935,481
(a)
Berlin
Packaging
LLC,
Term
Loan
B7,
(TSFR3M
+
3.250%)
6.941
06/09/31
4,870,086
3,529,437
(a)
Charter
NEX
US,
Inc.,
Repriced
Term
Loan
B,
(TSFR1M
+
2.500%)
6.161
12/02/30
3,534,520
11,599,983
(a)
Clydesdale
Acquisition
Holdings
Inc
,
Term
Loan
B,
(TSFR1M
+
3.250%)
6.902
04/01/32
10,793,552
6,464,125
(a)
Clydesdale
Acquisition
Holdings
Inc
,
Term
Loan
B,
(TSFR1M
+
3.175%)
6.827
04/13/29
6,184,972
407,947
(a)
ECO
Services
Operations
Corp,
Term
Loan
B,
(TSFR3M
+
2.000%)
5.663
06/12/31
409,148
2,644,518
(a)
Fortis
333,
Inc.,
Term
Loan
B,
(TSFR1M
+
3.500%)
7.152
04/02/32
2,614,211
2,250,000
(a)
Graham
Packaging
Company
Inc.,
Term
Loan
B,
(TSFR1M
+
2.250%)
5.902
01/26/33
2,248,594
5,854,053
(a),(
i
)
Ineos
US
Finance
LLC,
Term
Loan
B,
(TSFR1M
+
3.250%)
6.902
02/19/30
5,466,222
3,524,369
(a),(
i
)
Ineos
US
Finance
LLC,
Term
Loan
B,
(TSFR1M
+
2.500%)
6.252
11/09/28
3,478,552
1,144,000
(a),(k)
INEOS
US
Petrochem
LLC,
(TBD)
TBD
TBD
1,010,535
12,353
(a)
Klockner-Pentaplast
of
America,
Inc.,
Term
Loan,
(TSFR3M
+
3.500%),
(cash
5.663%,
PIK
5.000%)
5.332
01/30/31
10,802
9,457,695
(a)
Nouryon
Finance
B.V.,
Term
Loan
B1,
(TSFR6M
+
3.250%)
6.936
04/03/28
9,416,317
635,468
(a)
Nouryon
Finance
B.V.,
Term
Loan
B2,
(TSFR6M
+
3.250%)
6.937
04/03/28
632,888
0
(a)
ProAmpac
PG
Borrower
LLC,
(TSFR3M
+
4.000%)
7.662
09/15/28
0
6,042,000
(a)
Proampac
PG
Borrower
LLC,
Term
Loan
B,
(TSFR1M
+
TSFR3M
+
4.000%)
7.658
02/22/33
5,916,629
8,205,815
(a)
Qnity
Electronics
Inc
,
Term
Loan
B,
(TSFR1M
+
2.000%)
5.652
11/01/32
8,248,567
2,351,108
(a)
SCIH
Salt
Holdings
Inc.,
Repriced
Term
Loan
B,
(TSFR6M
+
2.750%)
6.350
01/31/29
2,361,206
2,890,000
(a)
Solstice
Advanced
Materials
Inc
,
Term
Loan
B,
(TSFR3M
+
1.750%)
5.413
10/29/32
2,913,944
4,445,381
(a)
SupplyOne
,
Inc
,
Term
Loan
B,
(TSFR1M
+
3.500%)
7.152
04/21/31
4,466,675
12,762,974
(a)
TricorBraun
Holdings,
Inc.,
Term
Loan,
(TSFR1M
+
3.250%)
6.902
03/03/31
12,245,818
183,444
(a)
USALCO,
LLC,
Delayed
Draw
Term
Loan,
(TSFR1M
+
3.500%)
7.154
09/30/31
183,697
Portfolio
of
Investments
April
30,
2026
(continued)
JFR
10
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
MATERIALS
(continued)
$
1,131,589
(a)
USALCO,
LLC,
Term
Loan,
(TSFR1M
+
3.500%)
7.154
%
09/30/31
$
1,133,145
TOTAL
MATERIALS
91,826,267
MEDIA
&
ENTERTAINMENT
-
9.6%
(5.9%
of
Total
Investments)
0
(a)
Advantage
Sales
&
Marketing
Inc
,
(TSFR3M
+
4.250%)
8.163
10/28/27
0
4,242,181
(a),(
i
)
Advantage
Sales
&
Marketing,
Inc.,
First
Out
Term
Loan,
(TSFR3M
+
6.000%)
9.930
04/18/30
3,483,912
2,354,308
(a)
Altice
France
S.A.,
Term
Loan
B11,
(TSFR3M
+
4.125%)
7.798
04/28/28
2,369,023
5,638,107
(a)
Altice
France
S.A.,
Term
Loan
B12,
(TSFR3M
+
5.063%)
8.736
10/31/28
5,673,345
9,681,788
(a)
Altice
France
S.A.,
Term
Loan
B13,
(TSFR3M
+
5.375%)
9.048
05/14/29
9,752,900
12,852,636
(a),(k)
Altice
France
S.A.,
Term
Loan
B14,
(TBD)
TBD
TBD
13,116,693
3,217,173
(a)
Cengage
Learning,
Inc.,
Term
Loan
B,
(TSFR1M
+
3.000%)
6.653
03/24/31
3,157,012
1,445,661
(a)
Century
De
Buyer
LLC,
Term
Loan
B,
(TSFR3M
+
3.000%)
6.663
10/30/30
1,425,103
4,730,295
(a)
Cinemark
USA,
Inc.,
Term
Loan
B,
(TSFR1M
+
TSFR3M
+
2.250%)
5.926
05/24/30
4,756,051
14,291,052
(a)
Clear
Channel
Outdoor
Holdings,
Inc.,
Term
Loan,
(TSFR1M
+
4.000%)
7.767
08/23/28
14,364,008
4,759,246
(a)
CMG
Media
Corporation,
Term
Loan,
(TSFR3M
+
3.500%)
7.300
06/18/29
4,490,349
11,876,522
(a)
Crown
Finance
US,
Inc.,
Term
Loan
B,
(TSFR1M
+
4.500%)
8.157
12/02/31
11,886,439
4,206,622
(a)
CSC
Holdings,
LLC,
Term
Loan
B5,
(Prime
+
1.500%)
8.250
04/15/27
3,725,869
915,250
(a),(k)
DirecTV
Financing,
LLC,
Term
Loan,
(TBD)
TBD
TBD
919,039
439,000
(a)
E.W.
Scripps
Company
(The),
Term
Loan
B2,
(TSFR1M
+
5.750%)
9.525
06/30/28
442,841
2,328,464
(a)
E.W.
Scripps
Company
(The),
Term
Loan
B3,
(TSFR1M
+
3.350%)
7.125
11/30/29
2,299,358
3,334,489
(a)
iHeartCommunications
,
Inc.,
Term
Loan,
(TSFR1M
+
5.775%)
9.542
05/01/29
3,257,796
1,572,181
(a)
McGraw-Hill
Global
Education
Holdings,
LLC,
First
Lien
Term
Loan
B,
(TSFR1M
+
2.750%)
6.402
08/06/31
1,573,824
4,148,000
(a),(
i
)
NEP
Group,
Inc.,
Term
Loan
B,
(TSFR1M
+
4.500%)
8.152
10/17/31
3,752,924
2,327,000
(a),(
i
)
Neptune
Bidco
US
Inc
,
Term
Loan
B,
(TSFR3M
+
5.000%)
8.769
02/03/33
2,283,520
5,269,250
(a),(
i
)
Nexstar
Broadcasting,
Inc.,
Term
Loan
B7,
(TSFR1M
+
2.750%)
6.409
03/21/33
5,272,148
8,082,250
(a),(k)
OAK-Eagle
Acquireco
Inc
,
(TBD)
TBD
TBD
8,094,373
2,580,878
(a)
Planet
US
Buyer
LLC,
Term
Loan
B,
(TSFR3M
+
3.000%)
6.673
02/10/31
2,594,854
6,356,718
(a),(
i
)
Radiate
Holdco,
LLC,
FLFO
Term
Loan,
(TSFR1M
+
5.000%),
(cash
7.287%,
PIK
1.500%)
7.152
09/25/29
5,807,561
5,056,552
(a),(
i
)
Sinclair
Television
Group
Inc.,
Term
Loan
B6,
(TSFR1M
+
3.300%)
7.067
12/31/29
4,614,129
4,393,046
(a)
Sunrise
Financing
Partnership,
Term
Loan
AAA,
(TSFR6M
+
2.470%)
6.099
02/17/32
4,401,723
7,181,806
(a)
WideOpenWest
Finance
LLC,
Super
Senior
2nd
Out
Term
Loan,
(TSFR3M
+
3.000%)
6.931
12/11/28
6,628,807
TOTAL
MEDIA
&
ENTERTAINMENT
130,143,601
PHARMACEUTICALS,
BIOTECHNOLOGY
&
LIFE
SCIENCES
-
8.5%
(5.2%
of
Total
Investments)
3,685,000
(a),(k)
Amneal
Pharmaceuticals
LLC,
Term
Loan,
(TBD)
TBD
TBD
3,705,728
13,216,924
(a),(
i
)
Bausch
Health
Companies
Inc.,
Term
Loan
B,
(TSFR1M
+
6.250%)
9.902
10/08/30
12,896,413
7,762,750
(a),(k)
BioMarin
Pharmaceutical
Inc
,
(TBD)
TBD
TBD
7,794,306
1,985,000
(a)
Dechra
Pharmaceuticals
Holdings
Ltd,
Term
Loan
B,
(TSFR6M
+
2.750%)
6.387
01/27/32
1,992,037
5,353,062
(a),(
i
)
Genmab
AS,
Term
Loan
B,
(TSFR3M
+
3.000%)
6.700
12/13/32
5,392,862
1,617,250
(a),(
i
)
Grifols
Worldwide
Operations
USA,
Inc.,
Term
Loan
B,
(TSFR6M
+
2.500%)
6.187
04/14/33
1,622,878
31,404,750
(a),(
i
)
Hologic
Inc.,
Term
Loan
B,
(TSFR3M
+
2.250%)
5.924
04/07/33
31,267,511
16,230,900
(a)
Jazz
Financing
Lux
S.a.r.l
.,
First
Lien
Term
Loan
B,
(TSFR1M
+
2.250%)
5.902
05/05/28
16,324,472
4,301,149
(a)
Organon
&
Co,
Term
Loan,
(TSFR1M
+
2.250%)
5.902
05/19/31
4,304,913
27,740,850
(a)
Parexel
International
Corporation,
Repriced
Term
Loan
B,
(TSFR1M
+
2.750%)
6.402
12/12/31
27,775,526
1,592,635
(a)
Perrigo
Investments,
LLC,
Term
Loan
B,
(TSFR1M
+
2.000%)
5.652
04/20/29
1,593,964
TOTAL
PHARMACEUTICALS,
BIOTECHNOLOGY
&
LIFE
SCIENCES
114,670,610
11
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
REAL
ESTATE
MANAGEMENT
&
DEVELOPMENT
-
0.6%
(0.4%
of
Total
Investments)
$
4,603,300
(a)
Cushman
&
Wakefield
U.S.
Borrower,
LLC,
Term
Loan,
(TSFR1M
+
2.500%)
6.152
%
01/31/30
$
4,630,644
3,735,313
(a)
Cushman
&
Wakefield
U.S.
Borrower,
LLC,
Term
Loan
B3,
(TSFR1M
+
2.750%)
6.402
01/31/30
3,753,989
411,949
(a)
Learning
Care
Group
(US)
No.
2
Inc.,
Term
Loan
B,
(TSFR3M
+
4.000%)
7.669
08/11/28
331,619
TOTAL
REAL
ESTATE
MANAGEMENT
&
DEVELOPMENT
8,716,252
SEMICONDUCTORS
&
SEMICONDUCTOR
EQUIPMENT
-
0.7%
(0.4%
of
Total
Investments)
7,607,861
(a)
Instructure
Holdings,
Inc.,
Repriced
Term
Loan,
(TSFR3M
+
2.750%)
6.437
11/13/31
7,397,846
1,609,250
(a)
MKS
Instruments,
Inc.,
Term
Loan
B,
(TSFR1M
+
1.750%)
5.407
02/04/33
1,616,797
TOTAL
SEMICONDUCTORS
&
SEMICONDUCTOR
EQUIPMENT
9,014,643
SOFTWARE
&
SERVICES
-
15.5%
(9.5%
of
Total
Investments)
6,236,611
(a)
Ahead
DB
Holdings,
LLC,
Term
Loan
B3,
(TSFR3M
+
2.500%)
6.200
02/03/31
6,193,734
4,834,037
(a)
Asurion
LLC,
Second
Lien
Term
Loan
B4,
(TSFR1M
+
5.250%)
9.017
01/22/29
4,856,685
1,355,852
(a)
Avalara,
Inc
,
Term
Loan,
(TSFR3M
+
2.750%)
6.450
03/29/32
1,332,721
2,723,040
(a)
Avaya,
Inc.,
Exit
Term
Loan,
(TSFR1M
+
3.750%),
(cash
11.152%,
PIK
7.500%)
5.576
08/01/28
2,422,662
4,104,401
(a)
BCPE
Pequod
Buyer
Inc
,
Term
Loan
B,
(TSFR1M
+
2.750%)
6.402
11/25/31
4,068,118
17,257,465
(a)
Boxer
Parent
Company
Inc.,
Term
Loan
B,
(TSFR3M
+
3.000%)
6.673
07/30/31
16,024,246
1,343,501
(a)
CCC
Intelligent
Solutions
Inc.,
Term
Loan,
(TSFR1M
+
2.000%)
5.652
01/23/32
1,339,303
598,496
(a)
Clearwater
Analytics,
LLC,
Term
Loan
B,
(TSFR1M
+
2.000%)
5.652
04/21/32
599,244
5,998,226
(a),(
i
)
Cloud
Software
Group,
Inc.,
Term
Loan
B
(2031),
(TSFR3M
+
3.250%)
6.950
03/24/31
5,565,244
1,458,476
(a)
Cloud
Software
Group,
Inc.,
Term
Loan
B
(2032),
(TSFR3M
+
3.250%)
6.950
08/13/32
1,353,422
1,562,056
(a)
Cotiviti
Corporation,
2nd
Amendment
Term
Loan,
(TSFR1M
+
2.750%)
6.415
03/29/32
1,438,763
712,192
(a)
Cotiviti
Corporation,
Term
Loan,
(TSFR1M
+
2.750%)
6.415
05/01/31
656,107
10,637,987
(a)
Darktrace
PLC,
First
Lien
Term
Loan,
(TSFR3M
+
3.250%)
6.927
10/09/31
10,028,590
462,682
(a)
Drake
Software,
LLC,
Term
Loan
B,
(TSFR3M
+
4.250%)
7.950
06/26/31
437,234
4,752,377
(a)
Ellucian
Holdings,
Inc.,
First
Lien
Term
Loan
B,
(TSFR1M
+
2.500%)
6.152
10/09/29
4,673,464
1,002,390
(a)
EP
Purchaser,
LLC,
Term
Loan
B,
(TSFR3M
+
3.500%)
7.287
11/06/28
716,709
582,271
(a)
EP
Purchaser,
LLC,
Term
Loan
B,
(TSFR3M
+
4.500%)
8.287
11/06/28
385,548
13,850,736
(a)
Epicor
Software
Corporation,
Term
Loan
E,
(TSFR1M
+
2.500%)
6.152
05/30/31
13,686,328
3,895,562
(a)
Fortress
Intermediate
3,
Inc
,
Term
Loan
B,
(TSFR1M
+
3.000%)
6.661
06/27/31
3,880,953
9,227,125
(a)
Gen
Digital
Inc.,
Term
Loan
B,
(TSFR1M
+
1.750%)
5.402
09/12/29
9,099,606
10,453,398
(a)
Genesys
Cloud
Services
Holdings
II
LLC,
Term
Loan
B,
(TSFR1M
+
2.500%)
6.152
01/30/32
10,125,423
1,041,346
(a)
Javelin
Buyer,
Inc.,
Term
Loan,
(TSFR3M
+
2.750%)
6.413
12/08/31
1,013,682
4,690,952
(a)
Kaseya
Inc.,
First
Lien
Term
Loan
B,
(TSFR3M
+
3.250%)
6.913
03/22/32
4,280,493
3,147,314
(a)
Marcel
LUX
IV
SARL,
Repriced
Term
Loan,
(SOFR30A
+
3.000%)
6.640
11/13/30
3,123,709
3,188,240
(a)
McAfee,
LLC,
First
Lien
Term
Loan
B,
(TSFR1M
+
3.000%)
6.652
03/01/29
2,817,607
11,344,711
(a)
Mitchell
International,
Inc.,
Add-on
Term
Loan,
(TSFR1M
+
3.000%)
6.652
06/17/31
11,088,264
8,121,261
(a)
Open
Text
Corporation,
Term
Loan
B,
(TSFR1M
+
1.750%)
5.402
01/31/30
7,925,498
16,972,940
(a),(
i
)
Peraton
Corp.,
Term
Loan
B,
(TSFR3M
+
3.750%)
7.513
02/01/28
14,551,326
999,954
(a)
Perforce
Software,
Inc.,
Add-on
Term
Loan,
(TSFR1M
+
4.750%)
8.402
03/24/31
647,160
2,301,808
(a)
PointClickCare
Technologies,
Inc.,
Term
Loan
B,
(TSFR3M
+
2.750%)
6.413
11/03/31
2,304,697
2,181,966
(a)
Press
Ganey
Holdings,
Inc.,
Repriced
Term
Loan
B,
(TSFR1M
+
3.000%)
6.652
04/30/31
2,183,526
2,734,800
(a),(
i
)
Project
Alpha
Intermediate
Holding,
Inc.,
First
Lien
Term
Loan
B,
(TSFR3M
+
3.250%)
6.950
10/28/30
2,160,492
7,558,065
(a)
Proofpoint
,
Inc.,
Repriced
Term
Loan,
(TSFR3M
+
3.000%)
6.700
08/31/28
7,351,390
5,741,035
(a)
Rackspace
Finance,
LLC,
First
Lien
First
Out
Term
Loan,
(TSFR1M
+
6.250%)
10.025
05/15/28
5,719,506
15,815,120
(a)
Rackspace
Finance,
LLC,
First
Lien
Second
Out
Term
Loan,
(TSFR1M
+
2.750%)
6.525
05/15/28
8,051,240
2,907,055
(a)
Rocket
Software,
Inc.,
Term
Loan
B,
(TSFR1M
+
3.750%)
7.402
11/28/28
2,779,639
2,880,820
(a)
SS&C
Technologies
Inc.,
Term
Loan
B8,
(TSFR1M
+
2.000%)
5.652
05/09/31
2,884,407
Portfolio
of
Investments
April
30,
2026
(continued)
JFR
12
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
SOFTWARE
&
SERVICES
(continued)
$
2,601,427
(a)
Synechron
Inc
,
Term
Loan
B,
(TSFR3M
+
3.750%)
7.450
%
10/03/31
$
2,404,148
1
(a)
Tempo
Acquisition
LLC,
(TSFR1M
+
1.750%)
5.423
08/31/28
0
17,103,541
(a)
UKG
Inc.,
Term
Loan
B,
(TSFR3M
+
2.500%)
6.163
02/10/31
16,532,796
230,000
(a),(k)
Virtusa
Corp,
(TBD)
TBD
TBD
212,845
0
(a)
Vision
Solutions
Inc
,
(TSFR3M
+
4.000%)
7.928
04/24/28
0
1,106,006
(a)
VS
Buyer,
LLC,
Term
Loan
B,
(TSFR3M
+
2.250%)
5.913
04/14/31
1,095,295
1,854,209
(a)
World
Wide
Technology
Holding
Co.
LLC,
Repriced
Term
Loan
B,
(TSFR1M
+
2.000%)
5.652
03/01/30
1,859,623
3,331,638
(a)
Zelis
Payments
Buyer,
Inc.,
Term
Loan
B,
(TSFR1M
+
2.750%)
6.402
09/28/29
3,299,705
7,079,903
(a)
ZoomInfo
LLC,
Term
Loan
B,
(TSFR1M
+
1.750%)
5.402
02/28/30
6,531,246
TOTAL
SOFTWARE
&
SERVICES
209,702,398
TECHNOLOGY
HARDWARE
&
EQUIPMENT
-
1.8%
(1.1%
of
Total
Investments)
12,606,894
(a)
Delta
TopCo
,
Inc.,
Term
Loan
B,
(TSFR3M
+
2.750%)
6.424
11/30/29
12,168,615
1,893,167
(a)
Ingram
Micro
Inc.,
Term
Loan,
(TSFR3M
+
2.250%)
5.935
09/22/31
1,907,366
957,551
(a),(
i
)
SonicWall
US
Holdings
Inc.,
Term
Loan,
(TSFR3M
+
5.000%)
8.700
05/16/28
311,209
1,421,437
(a)
Spectris
Plc,
Term
Loan,
(TSFR3M
+
2.750%)
6.450
12/06/32
1,428,552
485,951
(a)
ViaSat
,
Inc.,
Term
Loan,
(TSFR1M
+
4.500%)
8.267
03/05/29
488,794
7,867,310
(a)
ViaSat
,
Inc.,
Term
Loan,
(TSFR1M
+
4.500%)
8.267
05/30/30
7,900,864
TOTAL
TECHNOLOGY
HARDWARE
&
EQUIPMENT
24,205,400
TELECOMMUNICATION
SERVICES
-
6.6%
(4.1%
of
Total
Investments)
8,273,100
(a)
Cincinnati
Bell,
Inc.,
Term
Loan
B4,
(TSFR1M
+
2.250%)
5.902
11/24/28
8,281,994
3,551,758
(a)
Connect
Finco
Sarl
,
Extended
Term
Loan
B,
(TSFR1M
+
4.500%)
8.152
09/28/29
3,567,954
16,424,000
(a)
Connect
Holding
II
LLC,
Delayed
Draw
Term
Loan,
(TSFR1M
+
4.250%)
7.904
04/03/31
15,695,267
876,023
(a),(d)
Cyxtera
DC
Holdings,
Inc.,
Term
Loan
B
0.000
07/16/26
4,818
0
(a)
Digicel
International
Finance
Limited,
Term
Loan
B,
(TSFR1M
+
5.250%)
8.911
08/09/32
0
1,391,000
(a),(k)
Ensono
Inc
,
(TBD)
TBD
TBD
1,343,671
3,020,000
(a)
Iridium
Satellite
LLC,
Term
Loan
B,
(TSFR1M
+
2.250%)
5.902
09/20/30
2,974,338
13,934,750
(a),(
i
)
Level
3
Financing
Inc.,
Repriced
Term
Loan
B4,
(TSFR1M
+
3.250%)
6.902
03/29/32
13,999,407
1,051,000
(a),(k)
Patagonia
Holdco
LLC,
(TBD)
TBD
TBD
841,709
11,402,000
(a),(
i
)
Telesat
Canada,
Term
Loan
B5,
(TSFR3M
+
2.750%)
6.684
12/07/26
9,773,623
6,625,276
(a)
Windstream
Services,
LLC,
Term
Loan
B,
(TSFR1M
+
4.000%)
7.652
10/06/32
6,650,121
25,889,518
(a),(
i
)
Zayo
Group
Holdings,
Inc.,
Term
Loan,
(TSFR1M
+
1.750%),
(cash
6.767%,
PIK
0.500%)
3.633
03/11/30
25,864,147
TOTAL
TELECOMMUNICATION
SERVICES
88,997,049
TRANSPORTATION
-
3.6%
(2.2%
of
Total
Investments)
3,500,000
(a)
AGI-CFI
Acquisition
Corp.,
Term
Loan
B,
(TSFR3M
+
4.500%)
8.200
03/25/33
3,497,095
504,703
(a)
Air
Canada,
Term
Loan
B,
(TSFR3M
+
1.750%)
5.413
03/21/31
504,893
6,718,739
(a)
American
Airlines,
Inc.,
Term
Loan,
(TSFR3M
+
2.250%)
5.925
04/20/28
6,691,192
4,447,948
(a)
Brown
Group
Holding,
LLC,
Incremental
Term
Loan
B2,
(TSFR1M
+
TSFR3M
+
2.500%)
6.160
07/01/31
4,476,771
6,288,948
(a)
Brown
Group
Holding,
LLC,
Term
Loan
B,
(TSFR1M
+
2.500%)
6.152
07/01/31
6,327,813
0
(a)
First
Student
Bidco
Inc
,
(TSFR1M
+
2.500%)
6.200
08/15/30
0
3,599,030
(a),(
i
)
First
Student
Bidco
Inc
,
Term
Loan
B,
(TSFR3M
+
2.250%)
5.950
08/15/30
3,605,022
658,533
(a),(
i
)
First
Student
Bidco
Inc
,
Term
Loan
C,
(TSFR3M
+
2.250%)
5.950
08/15/30
659,629
2,315,000
(a),(k)
GB
AIT
Buyer
Inc
,
(TBD)
TBD
TBD
2,319,815
5,283,984
(a)
Genesee
&
Wyoming
Inc.
(New),
Term
Loan
B,
(TSFR3M
+
1.750%)
5.450
04/10/31
5,294,473
948,784
(a)
Hertz
Corporation,
(The),
Term
Loan
B,
(TSFR3M
+
3.500%)
7.425
06/30/28
749,539
187,726
(a)
Hertz
Corporation,
(The),
Term
Loan
C,
(TSFR3M
+
3.500%)
7.425
06/30/28
148,304
3,585,344
(a)
KKR
Apple
Bidco
,
LLC,
Term
Loan,
(TSFR1M
+
2.500%)
6.152
09/23/31
3,592,479
1
(a)
PODS,
LLC,
Term
Loan
B,
(TSFR1M
+
3.000%)
6.767
03/31/28
1
6,277,267
(a)
Stonepeak
Nile
Parent
LLC,
Term
Loan
B,
(TSFR3M
+
2.250%)
5.919
04/09/32
6,305,735
2,895,925
(a)
United
Airlines,
Inc.,
Term
Loan
B,
(TSFR1M
+
1.750%)
5.404
02/24/31
2,907,697
1,162,036
(a),(
i
)
WestJet
Loyalty
LP,
Term
Loan
B,
(TSFR3M
+
2.750%)
6.450
02/14/31
1,137,162
TOTAL
TRANSPORTATION
48,217,620
13
All
percentages
shown
in
the
Portfolio
of
Investments
are
based
on
net
assets
applicable
to
common
shares
unless
otherwise
noted.
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
UTILITIES
-
3.3%
(2.1%
of
Total
Investments)
$
2,486,227
(a)
Constellation
Renewables,
LLC,
Term
Loan,
(TSFR3M
+
2.000%)
5.673
%
12/15/27
$
2,490,118
2,787,477
(a),(
i
)
Cornerstone
Generation
LLC,
Term
Loan
B,
(TSFR3M
+
2.250%)
5.913
08/11/32
2,798,432
586,978
(a)
Hamilton
Projects
Acquiror
,
LLC
,
Repriced
Term
Loan
B,
(TSFR1M
+
2.500%)
6.152
05/30/31
591,216
1,883,461
(a)
Invenergy
Thermal
Operating
I
LLC,
Term
Loan
B,
(SOFR90A
+
2.750%)
6.380
05/06/32
1,901,118
122,500
(a)
Invenergy
Thermal
Operating
I
LLC,
Term
Loan
C,
(SOFR90A
+
2.750%)
6.380
05/06/32
123,649
3,665,000
(a),(k)
NRG
Energy
Inc
,
(TBD)
TBD
TBD
3,682,867
5,736,464
(a),(
i
)
NRG
Energy,
Inc.,
Term
Loan,
(TSFR1M
+
TSFR3M
+
1.750%)
5.414
04/16/31
5,755,165
9,045,500
(a)
Talen
Energy
Supply,
LLC,
2024-1
Incremental
Term
Loan,
(TSFR3M
+
2.500%)
6.153
12/15/31
9,089,913
11,013,737
(a)
Talen
Energy
Supply,
LLC,
Term
Loan
B,
(TSFR3M
+
2.500%)
6.153
05/17/30
11,064,731
7,909,804
(a)
Talen
Energy
Supply,
LLC,
Term
Loan
B,
(TSFR1M
+
2.000%)
5.652
11/26/32
7,931,437
TOTAL
UTILITIES
45,428,646
TOTAL
VARIABLE
RATE
SENIOR
LOAN
INTERESTS
(Cost
$1,881,642,723)
1,871,856,543
SHARES
DESCRIPTION
MATURITY
VALUE
525506
WARRANTS
-
0.1%
(0.0%
of
Total
Investments)
525506
TELECOMMUNICATION
SERVICES
-
0.0%
(0.0%
of
Total
Investments)
17,849
Windstream
Parent
Inc
8/01/28
210,975
TOTAL
TELECOMMUNICATION
SERVICES
210,975
TRANSPORTATION
-
0.1%
(0.0%
of
Total
Investments)
2,411
ACBL
HLDG
CORP
4/27/45
74,741
6,822
ACBL
HLDG
CORP
4/27/45
238,770
26,910
American
Commercial
Barge
Line
LLC
8/18/30
269
75,042
American
Commercial
Barge
Line
LLC
4/30/45
751
TOTAL
TRANSPORTATION
314,531
TOTAL
WARRANTS
(Cost
$653,019)
525,506
TOTAL
LONG-TERM
INVESTMENTS
(Cost
$2,104,680,838)
2,088,584,229
SHARES
DESCRIPTION
RATE
VALUE
SHORT-TERM
INVESTMENTS
-
 8.2%(5.1%
of
Total
Investments)
INVESTMENT
COMPANIES
-
8.2%
(5.1%
of
Total
Investments)
–
111,569,566
BlackRock
Liquidity
Funds
T-Fund
4.517(l)
111,569,566
TOTAL
INVESTMENT
COMPANIES
(Cost
$111,569,566)
111,569,566
TOTAL
SHORT-TERM
INVESTMENTS
(Cost
$111,569,566)
111,569,566
TOTAL
INVESTMENTS
-
162.4%
(Cost
$2,216,250,404
)
2,200,153,795
BORROWINGS
-
(38.2)%
(m),(n)
(517,200,000)
TFP
SHARES,
NET
-
(21.0)%(o)
(284,061,319)
OTHER
ASSETS
&
LIABILITIES,
NET
-  (3.2)%
(44,521,050)
NET
ASSETS
APPLICABLE
TO
COMMON
SHARES
-
100%
$
1,354,371,426
ETF
Exchange-Traded
Fund
LIBOR
London
Inter-Bank
Offered
Rate
M
Month
PIK
Payment-in-kind
(“PIK”)
security.  Depending
on
the
terms
of
the
security,
income
may
be
received
in
the
form
of
cash,
securities,
or
a
combination
of
both.  The
PIK
rate
shown,
where
applicable,
represents
the
annualized
rate
of
the
last
PIK
payment
made
by
the
issuer
as
of
the
end
of
the
reporting
period.
SOFR30A
30
Day
Average
Secured
Overnight
Financing
Rate
SOFR90A
90
Day
Average
Secured
Overnight
Financing
Rate
Portfolio
of
Investments
April
30,
2026
(continued)
JFR
14
Part
F
of
Form
N-PORT
was
prepared
in
accordance
with
U.S.
generally
accepted
accounting
principles
(“U.S.
GAAP”)
and
in
conformity
with
the
applicable
rules
and
regulations
of
the
U.S.
Securities
and
Exchange
Commission
(“SEC”)
related
to
interim
filings.
Part
F
of
Form
N-PORT
does
not
include
all
information
and
footnotes
required
by
U.S.
GAAP
for
complete
financial
statements.
Certain
footnote
disclosures
normally
included
in
financial
statements
prepared
in
accordance
with
U.S.
GAAP
have
been
condensed
or
omitted
from
this
report
pursuant
to
the
rules
of
the
SEC.
For
a
full
set
of
the
Fund’s
notes
to
financial
statements,
please
refer
to
the
Fund’s
most
recently
filed
annual
or
semi-annual
report.
Fair
Value
Measurements
The
Fund’s
investments
in
securities
are
recorded
at
their
estimated
fair
value
utilizing
valuation
methods
approved
by
the
Board
of
Directors/
Trustees.
Fair
value
is
defined
as
the
price
that
would
be
received
upon
selling
an
investment
or
transferring
a
liability
in
an
orderly
transaction
to
an
independent
buyer
in
the
principal
or
most
advantageous
market
for
the
investment.
U.S.
GAAP
establishes
the
three-tier
hierarchy
which
is
used
to
maximize
the
use
of
observable
market
data
and
minimize
the
use
of
unobservable
inputs
and
to
establish
classification
of
fair
value
measurements
for
disclosure
purposes.
Observable
inputs
reflect
the
assumptions
market
participants
would
use
in
pricing
the
asset
or
liability.
Observable
inputs
are
based
on
market
data
obtained
from
sources
independent
of
the
reporting
entity.
Unobservable
inputs
reflect
management’s
assumptions
about
the
assumptions
market
participants
would
use
in
pricing
the
asset
or
liability.
Unobservable
inputs
are
based
on
the
best
information
available
in
the
circumstances.
The
following
is
a
summary
of
the
three-tiered
hierarchy
of
valuation
input
levels.
Level
1
–
Inputs
are
unadjusted
and
prices
are
determined
using
quoted
prices
in
active
markets
for
identical
securities.
Level
2
–
Prices
are
determined
using
other
significant
observable
inputs
(including
quoted
prices
for
similar
securities,
interest
rates,
credit
spreads,
etc.).
Level
3
–
Prices
are
determined
using
significant
unobservable
inputs
(including
management’s
assumptions
in
determining
the
fair
value
of
investments).
The
following
table
summarizes
the
market
value
of
the
Fund's
investments
as
of
the
end
of
the
reporting
period,
based
on
the
inputs
used
to
value
them:
TBD
Senior
loan
purchased
on
a
when-issued
or
delayed-delivery
basis.
Certain
details
associated
with
this
purchase
are
not
known
prior
to
the
settlement
date
of
the
transaction.
In
addition,
senior
loans
typically
trade
without
accrued
interest
and
therefore
a
coupon
rate
is
not
available
prior
to
settlement.
At
settlement,
if
still
unknown,
the
borrower
or
counterparty
will
provide
the
Fund
with
the
final
coupon
rate
and
maturity
date.
TSFR1M
CME
Term
Secured
Overnight
Financing
Rate
1
Month
TSFR3M
CME
Term
Secured
Overnight
Financing
Rate
3
Month
TSFR6M
CME
Term
Secured
Overnight
Financing
Rate
6
Month
(a)
Floating
or
variable
rate
security
includes
the
reference
rate
and
spread,
when
applicable.  For
mortgage-backed
or
asset-backed
securities
the
variable
rate
is
based
on
the
underlying
asset
of
the
security.
Coupon
rate
reflects
the
rate
at
period
end.
(b)
Security
is
exempt
from
registration
under
Rule
144A
of
the
Securities
Act
of
1933,
as
amended.
These
securities
are
deemed
liquid
and
may
be
resold
in
transactions
exempt
from
registration,
which
are
normally
those
transactions
with
qualified
institutional
buyers.
As
of
the
end
of
the
fiscal
period,
the
aggregate
value
of
these
securities
is
$144,888,513
or
6.6%
of
Total
Investments.
(c)
Non-income
producing;
issuer
has
not
declared
an
ex-dividend
date
within
the
past
twelve
months.
(d)
For
fair
value
measurement
disclosure
purposes,
investment
classified
as
Level
3.
(e)
Contains
$1,000
Par
Preferred
and/or
Contingent
Capital
Securities.
(f)
Perpetual
security.
Maturity
date
is
not
applicable.
(g)
$1,000
Par
Institutional
Preferred
security.
As
of
the
end
of
the
period,
the
percent
of
$1,000
Par
Institutional
Preferred
securities
was
0.1%
of
Total
Investments.
(h)
Defaulted
security.
A
security
whose
issuer
has
failed
to
fully
pay
principal
and/or
interest
when
due,
or
is
under
the
protection
of
bankruptcy.
(
i
)
Portion
of
investment
purchased
on
a
delayed
delivery
basis.
(j)
Investment,
or
portion
of
investment,
represents
an
outstanding
unfunded
senior
loan
commitment.
(k)
When-issued
or
delayed
delivery
security.
(l)
The
rate
shown
is
the
annualized
seven-day
subsidized
yield
as
of
end
of
the
reporting
period.
(m)
Borrowings
as
a
percentage
of
Total
Investments
is
23.5%.
(n)
The
Fund
segregates
100%
of
its
eligible
investments
(excluding
any
investments
separately
pledged
as
collateral
for
specific
investments
in
derivatives,
when
applicable)
in
the
Portfolio
of
Investments
as
collateral
for
borrowings.
(o)
TFP
Shares,
Net
as
a
percentage
of
Total
Investments
is
12.9%.
15
The
following
is
a
reconciliation
of
the
Fund’s
Level
3
investments
held
at
the
beginning
and
end
of
the
measurement
period:
The
valuation
techniques
and
significant
unobservable
inputs
used
in
recurring
Level
3
fair
value
measurements
of
assets
as
of
the
end
of
the
report-
ing
period,
were
as
follows:
The
table
below
presents
the
transfers
in
and
out
of
the
three
valuation
levels
for
the
Fund
as
of
the
end
of
the
reporting
period
when
compared
to
the
valuation
levels
at
the
end
of
the
previous
fiscal
year.
Changes
in
valuation
inputs
or
methodologies
may
result
in
transfers
into
or
out
of
an
assigned
level
within
the
fair
value
hierarchy.
Transfers
in
or
out
of
levels
are
generally
due
to
the
availability
of
publicly
available
information
and
to
the
significance
or
extent
the
Adviser
determines
that
the
valuation
inputs
or
methodologies
may
impact
the
valuation
of
those
securities.
JFR
Level
1
Level
2
Level
3
Total
Long-Term
Investments:
Asset-Backed
Securities
$
–
$
2,928,045
$
–
$
2,928,045
Common
Stocks
7,305,351
4,552,513
578,637
12,436,501
Corporate
Bonds
–
198,862,341
632,573
199,494,914
Exchange-Traded
Funds
1,002,800
–
–
1,002,800
Preferred
Stock
–
339,920
–
339,920
Variable
Rate
Senior
Loan
Interests
–
1,871,851,129
5,414
1,871,856,543
Warrants
–
525,506
–
525,506
Short-Term
Investments:
Investment
Companies
111,569,566
–
–
111,569,566
Total
$
119,877,717
$
2,079,059,454
$
1,216,624
$
2,200,153,795
JFR
Level
3
Common
Stocks
Variable
Rate
Senior
Loan
Interests
Corporate
Bonds
Warrants
Balance
at
the
beginning
of
period
$595,629
$5,417
$-
$25,830
Gains
(losses):
Net
realized
gains
(losses)
281,536
1,764
-
-
Change
in
net
unrealized
appreciation
(depreciation)
(16,992)
12,016
47,381
(24,810)
Purchases
at
cost
-
-
585,192
144,218
Sales
at
proceeds
(281,536)
(30,064)
-
-
Net
discounts
(premiums)
-
16,281
-
-
Transfers
into
-
-
-
-
Transfers
(out
of)
-
-
-
(1,020)
Balance
at
the
end
of
period
$578,637
$5,414
632,573
-
Change
in
net
unrealized
appreciation
(depreciation)
during
the
period
of
Level
3
securities
held
as
of
period
end
-
$12,016
$47,381
-
Fund
Asset
Class
Market
Value
Techniques
Unobservable
Inputs
Range
Weighted
Average
JFR
Common
Stocks
$5,992
Expected
Recovery
Recovery
Proceeds
$8.00
N/A
572,645
Enterprise
Value
Acquisition
Cost
$1,000.00
N/A
Variable
Rate
Senior
Loan
Interests
5,414
Broker-Dealer
Price
Quotation(s)
Litigation
Proceeds
$0.55
N/A
Corporate
Bond
632,573
Expected
Recovery
Recovery
Proceeds
$1,082.27
N/A
Total
$1,216,624
Level
1
Level
2
Level
3
JFR
Transfers
In
(Transfers
Out)
Transfers
In
(Transfers
Out)
Transfers
In
(Transfers
Out)
Warrants
$-
$-
$1,020
$-
$-
$(1,020)