Please wait


image00001.jpg
Income Opportunities FundJuly 31, 2026
Schedule of Investments (Unaudited)
(in thousands, except share data)
Issuer Asset Reference Rate & SpreadMaturity
Date		CurrencyParFair ValueFootnotes
Leveraged Loans - 71.70%
Alternative Carriers - 1.23%
Iridium Satellite LLCTL 1L 05/24SOFR + 2.25% 9/20/2030USD3,647$3,652 
Zayo Group LLCTL 1L 09/250.50% PIK, SOFR + 3.00%3/11/2030USD2,3392,344(c)
Application Software - 11.97%
CDK Global II LLCTL 1L B 12/24SOFR + 3.25% 7/6/2029USD8,3855,450
Dye & Durham LtdTL 1L B 03/24SOFR + 4.25% 4/11/2031USD3,5892,171
Kaseya IncTL 1L B 03/25SOFR + 3.25% 3/22/2032USD1,9051,441
McAfee LLCTL 1L B1 12/24SOFR + 3.00% 3/1/2029USD16,28014,771
Misys LtdTL 1L B 07/25 EUREURIBOR + 4.50% 9/15/2032EUR1,0371,142
Misys LtdTL 1L B 09/25 USDSOFR + 4.00% 9/15/2032USD6,7346,480
Qlik Technologies IncTL 1L 11/24SOFR + 3.25% 10/26/2030USD5,0683,976
Qualtrics International IncTL 1L B2 02/25SOFR + 2.25% 6/28/2030USD5,0594,287
RealPage IncTL 1L B 04/21SOFR + 3.00% 4/24/2028USD9,6099,215
Rocket Software IncTL 1L 11/18EURIBOR + 3.75% 11/28/2028EUR1,4971,661
Solera LLCTL 2L 06/21SOFR + 9.00% 6/4/2029USD9,6157,605(b)(c)
Automotive Parts & Equipment - 8.04%
Innovative XCessories & Services LLCTL 1L 08/25SOFR + 5.50% 9/5/2029USD6,0286,018
Parts Authority IncTL 1L 10/20SOFR + 3.75% 10/28/2027USD18,42518,034
Terrepower LLCTL 1L 01/26SOFR + 6.00% 7/25/2029USD3,9873,856(b)
Terrepower LLCTL 1L B 06/22SOFR + 5.25% 7/25/2029USD12,44711,319
Terrepower LLCTL 1L DD 01/26SOFR + 6.50% 7/25/2029USD3,987(130)(b)(f)
Automotive Retail - 0.49%
RV Retailer LLCTL 1L B 02/26SOFR + 4.50% 2/26/2033USD2,5042,387
Broadcasting - 3.58%
NEP Broadcasting LLCTL 1L B 09/25 USDSOFR + 4.50% 10/17/2031USD18,53617,399
Building Products - 4.27%
DiversiTech Holdings IncTL 2L B 12/21SOFR + 6.50% 12/22/2032USD1,7251,744
Hunter Douglas IncTL 1L B1 01/25SOFR + 3.00% 1/17/2032USD1,8371,839
MI Windows and Doors IncTL 1L B2 03/24SOFR + 2.75% 3/28/2031USD1,8181,797
Oldcastle Buildingenvelope IncTL 1L B 04/22SOFR + 4.25% 4/27/2029USD13,8029,454
PrimeSource Building Products IncTL 1L B 09/25SOFR + 4.50% 3/15/2031USD4,0764,084
White Cap Construction Supply IncTL 1L B 06/24SOFR + 3.25% 10/19/2029USD1,8421,842
Commodity Chemicals - 3.63%
Geon Performance Solutions LLCTL 1L B 08/21SOFR + 4.25% 8/18/2028USD6,6086,320
Ineos Quattro Holdings LtdTL 1L B 01/20 EUREURIBOR + 2.00% 1/29/2027EUR4,4895,160
Ineos Quattro Holdings LtdTL 1L B 10/23 EUREURIBOR + 4.50% 4/2/2029EUR1,3881,305
Mativ Holdings IncTL 1L B 03/26SOFR + 4.50% 4/4/2033USD2,7922,795
Rohm Holding GmbHTL 1L B 03/24 EUR0.25% PIK, EURIBOR + 5.00%1/31/2029EUR851971(c)
SI Group IncTL 1L 12/255.00% PIK, SOFR + 1.00%12/23/2030USD1,1041,104(b)(c)
Construction Machinery & Heavy Transportation Equipment - 2.66%
Accuride CorpTL 1L 03/253.00% PIK, SOFR + 1.50%3/7/2030USD2,4734,457(b)(c)
American Trailer Works IncTL 1L 02/21SOFR + 3.75% 3/3/2028USD13,5818,471
Construction Materials - 2.37%
BME Group Holding BVTL 1L B2 09/23 EUREURIBOR + 4.75% 12/31/2029EUR12,06611,532
Data Processing & Outsourced Services - 3.19%
VeriFone Systems IncTL 1L 03/25SOFR + 5.50% 8/18/2028USD15,68014,890
West CorpTL 1L B3 01/234/10/2027USD3,595607(d)
Diversified Chemicals - 3.32%
Chemours Co/TheTL 1L B4 10/25SOFR + 3.50% 10/15/2032USD5,3955,390
Ineos Finance PLCTL 1L B 02/23SOFR + 3.25% 2/19/2030USD9,5959,118
Ineos Finance PLCTL 1L B 12/24SOFR + 3.00% 2/7/2031USD1,7731,657
Diversified Metals & Mining - 0.41%
Foresight Energy LLCTL 1L A 06/20SOFR + 8.00% 6/30/2027USD2,0771,971(b)
Diversified Support Services - 1.84%
Alight Solutions LLC (aka Tempo)TL 1L B1 01/25SOFR + 1.75% 8/31/2028USD1,4981,289
DTI Holdco Inc (dba Epiq)TL 1L 04/22SOFR + 4.00% 4/26/2029USD7,6447,221
Legence Holdings LLC (aka Therma)TL 1L 05/26SOFR + 2.00% 12/16/2031USD460460
Environmental & Facilities Services - 1.59%
Brock Group LLC/TheTL 1L B 04/24SOFR + 6.00% 5/2/2030USD8,2127,719
Financial Exchanges & Data - 0.58%
IntraFi Network LLCTL 1L B 01/25SOFR + 3.50% 7/31/2031USD538522
IntraFi Network LLCTL 1L B 08/25SOFR + 4.00% 7/31/2031USD2,3342,290
Food Distributors - 0.00%
Biscuits Poult SASTL 1L B 01/20EURIBOR + 4.00% 2/12/2027EUR1615
Health Care Services - 0.18%
CHG Healthcare Services IncTL 1L 04/26SOFR + 3.00% 9/29/2031USD891891
Health Care Technology - 4.73%
Milano Acquisition CorpTL 1L 08/20SOFR + 4.00% 10/1/2027USD20,78920,646
Zelis Healthcare LLCTL 1L B 01/24SOFR + 2.75% 9/28/2029USD2,3952,354
Hotels, Resorts & Cruise Lines - 0.15%
Travel + Leisure CoTL 1L B 12/25SOFR + 2.00% 12/14/2029USD750751
Human Resource & Employment Services - 0.40%
SIRVA Worldwide IncTL 1L 08/24SOFR + 8.00% 2/20/2029USD302302(b)
SIRVA Worldwide IncTL 1L 08/245.00% PIK, SOFR + 3.00%8/20/2029USD1,387885(b)(c)
SIRVA Worldwide IncTL 1L DD 08/24SOFR + 8.00% 2/20/2029USD749749(b)
Industrial Machinery & Supplies & Components - 1.80%
Dexko Global IncTL 1L 02/26SOFR + 4.50% 10/4/2031USD1,3331,297
Dexko Global IncTL 1L 03/26EURIBOR + 4.75% 10/9/2031EUR3,8754,399
Dexko Global IncTL 1L 03/26EURIBOR + 4.75% 10/20/2031EUR2,6753,037
Integrated Telecommunication Services - 1.27%
Numericable-SFRTL 1L B11 10/25 EUREURIBOR + 4.38% 4/30/2028EUR1,3691,585
Numericable-SFRTL 1L B14 10/25 EUREURIBOR + 6.88% 5/30/2031EUR3,8964,578
Interactive Media & Services - 0.30%
Cision LtdTL 1L 04/251.00% PIK, SOFR + 5.00%4/29/2030USD1,2941,298(c)
Cision LtdTL 1L B2 04/25SOFR + 4.50% 5/31/2030USD286138
IT Consulting & Other Services - 0.56%
Sabre IncTL 1L B1 11/24SOFR + 6.00% 11/15/2029USD3,0852,735
Leisure Facilities - 2.09%
Aimbridge Acquisition Co IncTL 1L 02/25 (First Out)SOFR + 5.61% 3/11/2030USD1,7151,715(b)
Aimbridge Acquisition Co IncTL 1L 02/25 (Second Out)6.00% PIK, SOFR + 1.50% 3/11/2030USD1,1941,194(b)(c)
World Choice Investments LLCTL 1L B 07/24SOFR + 4.75% 8/16/2031USD7,2707,234
Leisure Products - 4.43%
Camping World Good SamTL 1L B 05/21SOFR + 2.50% 6/3/2028USD23,08621,558
Real Estate Services - 0.71%
Emeria Europe SASTL 1L B 03/21 EUREURIBOR + 3.50% 3/27/2028EUR3,8093,467
Research & Consulting Services - 0.37%
Grant Thornton LLP/ChicagoTL 1L B 12/24SOFR + 2.75% 6/2/2031USD1,9071,801
Specialty Chemicals - 2.16%
Champion/DSM enggTL 1L B1 03/23SOFR + 5.50% 3/29/2030USD3,0612,668
Flint Group GmbHTL 2L B 09/23 PIK12/29/2028EUR38822(c) (d)
Lonza Specialty IngredientsTL 1L B 04/21 EUREURIBOR + 3.93% 7/3/2028EUR7,0967,825
Systems Software - 3.37%
CDK InternationalTL 1L B 02/25 EUREURIBOR + 3.50% 3/1/2030EUR3,5653,776
Precisely Software IncTL 1L B 10/21SOFR + 4.00% 4/24/2028USD9,3437,559
Precisely Software IncTL 2L 03/21SOFR + 7.25% 4/23/2029USD7,9055,072
TOTAL LEVERAGED LOANS (Amortized cost $366,573)$348,638 
High Yield Securities - 54.45%
Alternative Carriers - 0.33%
Zayo Group LLC9.250% 03/20303/9/2030USD1,603$1,603 (c)(e)
Application Software - 4.17%
Cloud Software Group Inc9.000% 09/20299/30/2029USD4,1844,103(e)
Cvent Holding Corp8.000% 06/20306/15/2030USD11,17610,882(e)
Dye & Durham Ltd8.625% 04/20294/15/2029USD2,8191,697(e)
McAfee LLC7.375% 02/20302/15/2030USD4,2533,610(e)
Asset Management & Custody Banks - 0.44%
Hightower Holding LLC9.125% 01/20301/31/2030USD2,0642,149(e)
Automotive Parts & Equipment - 0.70%
Adient Global Holdings Ltd7.500% 02/20332/15/2033USD1,8701,931(e)
LCI Industries3.000% 03/20303/1/2030USD9671,066
Truck Hero Inc6.250% 07/20317/31/2031USD2,217400(e)
Automotive Retail - 0.49%
Mavis Discount Tire Inc6.500% 05/20295/15/2029USD2,4182,382(e)
Biotechnology - 0.31%
Immunocore Holdings PLC2.500% 02/20302/1/2030USD1,6181,496
Building Products - 3.08%
MI Windows and Doors Inc5.500% 02/20302/1/2030USD9,9719,236(e)
PrimeSource Building Products Inc8.750% 12/203012/31/2030USD6,1905,724(e)
Cable & Satellite - 3.18%
Block Communications Inc10.250% 03/20313/1/2031USD2,6422,298(e)
Virgin Media Inc4.750% 07/20317/15/2031USD3,3722,669(e)
Virgin Media Inc6.750% 01/20331/15/2033USD1,4041,125(e)
Virgin Media Inc7.500% 07/20337/15/2033EUR2,8952,285(e)
Virgin Media Inc8.500% 03/20333/15/2033USD508321(e)
Ziggo BV5.125% 02/20302/28/2030USD6,2255,066(e)
Ziggo BV7.500% 01/20331/15/2033USD1,8961,704(e)
Commercial Printing - 1.42%
Multi-Color Corp8.500% 05/20335/11/2033USD7,8796,886(c)(e)
Commodity Chemicals - 1.46%
Ineos Quattro Holdings Ltd8.500% 03/20293/15/2029EUR1,7951,780(e)
Ineos Quattro Holdings Ltd9.625% 03/20293/15/2029USD558496(e)
Mativ Holdings Inc8.000% 10/202910/1/2029USD4,8774,835(e)
Construction & Engineering - 1.78%
Maxim Crane Works LP / Maxim Finance Corp11.500% 09/20289/1/2028USD8,3488,672(e)
Construction Materials - 0.38%
Smyrna Ready Mix Concrete LLC8.875% 11/203111/15/2031USD1,7581,842(e)
Consumer Finance - 0.38%
Lendmark Financial Services LLC8.750% 07/20307/15/2030USD1,8591,856(e)
Data Processing & Outsourced Services - 0.13%
Asurion LLC/CA8.000% 12/203212/31/2032USD618626(e)
Diversified Banks - 0.09%
Lloyds Banking Group PLC5.590% 11/203511/26/2035USD444445
Diversified Chemicals - 2.21%
Chemours Co/The4.625% 11/202911/15/2029USD9,3978,874(e)
Chemours Co/The8.000% 01/20331/15/2033USD1,9061,877(e)
Diversified Support Services - 2.00%
Allied Universal Holdco LLC6.000% 06/20296/1/2029USD4,4794,443(e)
Garda World Security Corp8.250% 08/20328/1/2032USD2,6052,644(e)
Garda World Security Corp8.375% 10/203211/15/2032USD2,5952,639(e)
Footwear - 0.83%
Skechers USA Inc10.750% 07/20337/15/2033USD3,7514,030(c)(e)
Health Care Facilities - 1.05%
CHS/Community Health Systems, Inc.9.750% 01/20341/15/2034USD5,0235,095(e)
Health Care Technology - 0.25%
athenahealth Inc6.500% 02/20302/15/2030USD1,2771,232(e)
Hotels, Resorts & Cruise Lines - 3.92%
Marriott Ownership Resorts Inc6.500% 10/203310/1/2033USD1,5781,553(e)
NCL Corp Ltd0.750% 09/20309/15/2030USD12,74711,704(e)
NCL Corp Ltd0.875% 04/20304/15/2030USD5,6025,819
Industrial Machinery & Supplies & Components - 0.38%
JBT Marel Corp0.375% 09/20309/15/2030USD1,8521,864(e)
Insurance Brokers - 1.04%
Ardonagh Group Ltd/The6.875% 02/20312/15/2031EUR4,3155,041(e)
Integrated Oil & Gas - 0.06%
Eni SpA5.950% 05/20545/15/2054USD289273(e)
Integrated Telecommunication Services - 1.91%
Level 3 Financing Inc7.500% 02/20372/15/2037USD1,3341,326(e)
Level 3 Financing Inc8.500% 01/20361/15/2036USD7,6497,964(e)
Numericable-SFR6.500% 10/203110/15/2031USD——(e)
Interactive Home Entertainment - 1.62%
Electronic Arts Inc7.250% 07/20337/1/2033USD3,2543,374(e)
Electronic Arts Inc8.750% 07/20347/1/2034USD4,2764,507(e)
Interactive Media & Services - 0.62%
Cision Ltd10.000% 06/20316/30/2031USD5,8691,232(e)
Snap Inc6.875% 03/20333/1/2033USD1,8191,778(e)
IT Consulting & Other Services - 4.84%
Sabre Inc10.750% 03/20303/15/2030USD5,5135,286(e)
Sabre Inc10.750% 11/202911/15/2029USD2,5612,466(e)
Sabre Inc11.125% 06/20296/15/2029USD7,4627,858(e)
Sabre Inc11.125% 07/20307/15/2030USD6,4856,250(e)
Sabre Inc7.000% 05/20315/15/2031USD1,2291,473(e)
Sabre Inc7.320% 08/20268/1/2026USD222222
Leisure Facilities - 6.01%
Merlin Entertainments PLC4.500% 11/202711/15/2027EUR10,45811,480(e)
Merlin Entertainments PLC6.625% 11/202711/15/2027USD8,5468,118(e)
Merlin Entertainments PLC7.375% 06/20306/15/2030EUR7875(e)
Six Flags Entertainment Corp5.250% 07/20297/15/2029USD4,4034,219
Six Flags Entertainment Corp7.250% 05/20315/15/2031USD5,4545,351(e)
Oil & Gas Exploration & Production - 1.80%
Northern Oil & Gas Inc3.625% 04/20294/15/2029USD521519
Northern Oil & Gas Inc7.875% 10/203310/15/2033USD2,2992,302(e)
Northern Oil & Gas Inc8.750% 06/20316/15/2031USD1,7431,797(e)
Talos Energy Ventures GOM LLC / Talos Finance Corp8.000% 07/20347/15/2034USD4,0974,140(e)
Oil & Gas Storage & Transportation - 1.13%
Genesis Energy LP / Genesis Energy Finance Corp6.750% 03/20343/15/2034USD1,8501,846
Genesis Energy LP / Genesis Energy Finance Corp8.000% 05/20335/15/2033USD1,0101,051
Global Partners LP / GLP Finance Corp8.250% 01/20321/15/2032USD297310(e)
NGL Energy Partners LP / NGL Energy Finance Corp8.375% 02/20322/15/2032USD2,1812,269(e)
Paper Products - 1.22%
Fiber Bidco Spa10.750% 06/2029 SUN6/15/2029EUR5,2775,927(c)(e)
Real Estate Operating Companies - 0.74%
Heimstaden AB8.375% 01/2030 SUN REGS EUR1/29/2030EUR2,9813,608(e)
Real Estate Services - 1.98%
Compass Inc (and Anywhere Real Estate Group)7.000% 04/20304/15/2030USD2,6542,676(e)
Compass Inc (and Anywhere Real Estate Group)9.750% 04/20304/15/2030USD5,5605,961(e)
Emeria Europe SAS3.375% 03/20283/31/2028EUR1,069974(e)
Restaurants - 2.11%
Golden Nugget Inc.6.750% 07/20301/15/2030USD10,42310,242(e)
Specialty Chemicals - 0.32%
Solenis International LP5.375% 10/202910/1/2029EUR1,3831,565(e)
Wireless Telecommunication Services - 0.07%
GCI Inc4.750% 10/202810/15/2028USD332326(e)
TOTAL HIGH YIELD SECURITIES (Amortized cost $272,351)$264,765 
Asset Backed Securities - 13.29%
Specialized Finance - 13.29%
AB BSL CLO 1 LtdABBSL 2020-1A ER2SOFR + 6.45% 10/15/2038USD795$795 (b)(e)
AB BSL CLO 2 LtdABBSL 2021-2A ERSOFR + 5.90% 4/15/2039USD676687(b)(e)
AB BSL CLO 7 LtdABBSL 2025-7A ESOFR + 5.60% 1/15/2039USD830823(b)(e)
AGL CLO 12 LtdAGL 2021-12A ERSOFR + 6.35% 10/20/2038USD627612(b)(e)
AGL CLO 7 LtdAGL 2020-7A ER2SOFR + 5.75% 10/15/2038USD1,1191,085(b)(e)
AGL Core CLO 2 LtdAGL 2019-2AR D1R2SOFR + 3.05% 7/20/2039USD570570(b)(e)
AGL Core CLO 2 LtdAGL 2019-2AR ER2SOFR + 6.44% 7/20/2039USD899900(b)(e)
Aimco CLO 14 LtdAIMCO 2021-14A E2RSOFR + 6.50% 10/20/2038USD354357(b)(e)
AMMC CLO 26 LtdAMMC 2023-26A ERSOFR + 6.50% 4/15/2036USD447451(b)(e)
Anchorage Capital Clo 11 LtdANCHC 2019-11A ER2SOFR + 7.33% 7/22/2037USD438438(b)(e)
Apna Park Clo DACAPNAP 1A FEURIBOR + 7.90% 12/15/2038EUR821920(b)(e)
ARES Loan Funding III LtdARES 2022-ALF3A ER2SOFR + 6.52% 4/25/2039USD865885(b)(e)
Ares LVII CLO LtdARES 2020-57A ER2SOFR + 5.50% 10/25/2038USD513516(b)(e)
Bain Capital CLO 2026-1BCC 2026-1A ESOFR + 4.75% 4/26/2039USD563558(b)(e)
Bain Capital Credit CLO 2023-1 LtdBCC 2023-1A ERSOFR + 6.25% 7/16/2038USD820815(b)(e)
Bain Capital Credit CLO 2024-2 LtdBCC 2024-2AR ERSOFR + 7.17% 7/15/2039USD168168(b)(e)
Bain Capital Euro CLO 2024-1 DACBCCE 2024-1A FREURIBOR + 8.22% 10/24/2039EUR400452(b)(e)
Barings CLO Ltd 2024-IBABSN 2024-1A ERSOFR + 6.19% 1/20/2039USD497505(b)(e)
Bbam European Clo VIII DACBBAME 8A FEURIBOR + 8.50% 1/26/2040EUR427489(b)(e)
Brant Point Clo 2024-3 LtdBRTPT 2024-3A ERSOFR + 6.83% 1/20/2039USD295297(b)(e)
Brant Point Clo 2024-4 LtdBRTPT 2024-4AR D1RSOFR + 3.00% 10/20/2039USD304304(b)(e)
Carlyle Euro CLO 2024-1 DACCGMSE 2024-1A EREURIBOR + 8.70% 1/15/2039EUR707784(b)(e)
CarVal CLO IV LtdCARVL 2021-1A ERSOFR + 6.60% 3/31/2038USD765768(b)(e)
CarVal CLO VC LtdCARVL 2021-2AR ERSOFR + 6.93% 7/15/2039USD299300(b)(e)
CarVal CLO VI-C LtdCARVL 2022-1A ERSOFR + 6.10% 3/21/2038USD466462(b)(e)
Carval Clo XII-C LtdCARVL 2025-1A ESOFR + 5.90% 7/20/2038USD892901(b)(e)
CBAM 2018-5 LtdCBAM 2018-5A ERSOFR + 5.80% 10/17/2038USD621620(b)(e)
CBAMR 2017-2 LtdCBAMR 2017-2A ERRSOFR + 5.68% 4/17/2039USD460450(b)(e)
CBAMR 2017-4 LtdCBAMR 2017-4A ERSOFR + 6.00% 3/31/2038USD587590(b)(e)
CBAMR 2019-9 LtdCBAMR 2019-9A ERSOFR + 7.05% 7/15/2037USD679683(b)(e)
Clonmore Park CLO DACCLONP 1A EREURIBOR + 6.82% 8/21/2035EUR350408(b)(e)
CVC Cordatus Loan Fund IX DACCORDA 9AR FRREURIBOR + 8.42% 5/20/2040EUR497573(b)(e)
CVC Cordatus Loan Fund XXXVIII DACCORDA 38A FEURIBOR + 8.57% 7/15/2040EUR542625(b)(e)
Dryden 105 CLO LtdDRSLF 2023-105A ERSOFR + 7.12% 4/15/2038USD537543(b)(e)
Dryden 108 CLO LtdDRSLF 2022-108AR ER2SOFR + 7.40% 7/18/2037USD485485(b)(e)
Dryden 87 CLO LtdDRSLF 2021-87A ERSOFR + 6.35% 8/20/2038USD792794(b)(e)
Dryden 90 Clo LtdDRSLF 2021-90A ERSOFR + 5.90% 11/15/2038USD1,0961,104(b)(e)
Empower CLO 2023-2 LtdEMPWR 2023-2A ERSOFR + 5.60% 10/15/2038USD232227(b)(e)
Galaxy XXII CLO LtdGALXY 2016-22A ER4SOFR + 6.50% 4/16/2034USD319309(b)(e)
Harvest CLO XLI DACHARVT 41A FEURIBOR + 8.58% 7/15/2039EUR750857(b)(e)
Harvest CLO XXXVII DACHARVT 37A FEURIBOR + 8.07% 1/15/2039EUR467527(b)(e)
Harvest US CLO 2026-1 LtdHARUS 2026-1A ESOFR + 5.25% 4/20/2039USD802806(b)(e)
HPS Loan Management 2023-18 LtdHLM 2023-18A ERSOFR + 6.00% 7/20/2039USD301301(b)(e)
ICG US CLO 2022-1i LtdICG 2022-1A ERSOFR + 6.55% 10/20/2038USD443443(b)(e)
ICG US CLO 2024-1 LtdICG 2024-1AR ERSOFR + 6.30% 3/31/2039USD902904(b)(e)
ICG US CLO 2026-1 LtdICG 2026-1 ESOFR + 5.75% 3/30/2039USD187187(b)(e)
Jamestown CLO XII LtdJTWN 2019-1A ERRSOFR + 6.85% 3/20/2038USD1,0621,061(b)(e)
Jubilee Clo 2026-XXXIII DACJUBIL 2026-33A FEURIBOR + 8.82% 10/15/2040EUR500577(b)(e)
Kennedy Lewis CLO 12 LtdGNRT 2023-12A ERSOFR + 6.40% 7/20/2038USD445448(b)(e)
Kennedy Lewis Clo 13 LtdKLLM 2023-13A ERSOFR + 6.75% 1/20/2038USD392393(b)(e)
Kennedy Lewis CLO 14 LtdKLLM 2024-14A ESOFR + 6.75% 4/22/2037USD359329(b)(e)
Kennedy Lewis CLO 15 LtdKLLM 2024-15A ESOFR + 6.70% 7/20/2037USD388387(b)(e)
Kennedy Lewis CLO 18 LtdKLLM 2024-18A ESOFR + 6.00% 1/20/2038USD824816(b)(e)
Kettles Park Clo DACKETTL 1A FEURIBOR + 8.80% 6/15/2039EUR475554(b)(e)
Madison Park Funding XLIX LtdMDPK 2021-49A ERSOFR + 4.60% 10/19/2034USD1,4601,170(b)(e)
Madison Park Funding XXXV LtdMDPK 2019-35A ER2SOFR + 6.00% 2/13/2039USD978946(b)(e)
Marble Point CLO XIX LtdMP19 2020-3A ER2SOFR + 6.50% 10/19/2038USD797783(b)(e)
Marble Point Clo XXV LtdMP25 2022-2A ERRSOFR + 6.60% 10/20/2036USD827819(b)(e)
MidOcean Credit CLO XII LtdMIDO 2023-12A ERRSOFR + 6.50% 7/18/2038USD607592(b)(e)
Newbridge Park CLO DACNEWBR 1A FEURIBOR + 7.60% 4/15/2040EUR520593(b)(e)
Oaktree CLO 2021-2 LtdOAKCL 2021-2A ERSOFR + 4.50% 1/15/2035USD1,006929(b)(e)
Oaktree CLO 2023-2 LtdOAKCL 2023-2A ERSOFR + 6.00% 7/20/2038USD462466(b)(e)
OCP Euro Clo 2025-14 DACOCPE 2025-14A FEURIBOR + 8.08% 10/26/2038EUR350400(b)(e)
Octagon 55 LtdOCT55 2021-1A ERSOFR + 6.00% 3/20/2038USD655652(b)(e)
Octagon Investment Partners 38 LtdOCT38 2018-1A DRSOFR + 7.25% 10/20/2037USD1,0931,106(b)(e)
Octagon Investment Partners 43 LtdOCT43 2019-1A ERSOFR + 6.35% 10/15/2038USD831839(b)(e)
Octagon Investment Partners LtdOCT48 2020-3A ER2SOFR + 6.75% 1/15/2039USD405408(b)(e)
Orion CLO 2024-3 LtdANTOR 2024-3AR ERSOFR + 6.43% 7/25/2039USD527527(b)(e)
Palmer Square European CLO 2023-2 DACPLMER 2023-2A FREURIBOR + 8.40% 10/15/2038EUR1,0391,194(b)(e)
Penta CLO 11 DACPENTA 2022-11A FRREURIBOR + 8.00% 1/15/2039EUR543624(b)(e)
Penta CLO 15 DACPENTA 2023-15A FREURIBOR + 8.50% 10/15/2038EUR433500(b)(e)
PGGLF 2 Assetco EUR 1 DACPENTA 2022-12A FRREURIBOR + 8.50% 11/9/2038EUR468541(b)(e)
Pikes Peak CLO 10PIPK 2022-10A ERSOFR + 5.90% 1/22/2038USD584553(b)(e)
Pikes Peak Clo 22PIPK 2026-22A ESOFR + 5.70% 4/20/2039USD784791(b)(e)
Post CLO 2021-1 LTDPOST 2021-1A ERSOFR + 5.70% 10/15/2034USD1,3641,317(b)(e)
Regatta XVI Funding LtdREG16 2019-2A ER2SOFR + 5.65% 4/15/2039USD345333(b)(e)
Regatta XXII Funding LtdREG22 2022-2A ER2SOFR + 5.75% 1/15/2039USD381372(b)(e)
Romark Credit Funding II LtdRCF 2021-2A E7.08%10/25/2039USD1,2001,182(b)(e)
Sandstone Peak LtdSAND 2021-1A ER2SOFR + 7.31% 4/15/2038USD1,0991,102(b)(e)
Sixth Street CLO XII LtdSIXST 2018-12A ER2SOFR + 5.05% 1/17/2039USD298295(b)(e)
Sound Point Euro CLO XVII Funding DACSNDPE 17A FEURIBOR + 8.59% 7/20/2040EUR434501(b)(e)
Storm King Park CLO LTDSTKPK 2022-1A ERSOFR + 6.15% 10/15/2037USD512466(b)(e)
Symphony CLO 42 LtdSYMP 2024-42A ERSOFR + 6.45% 4/17/2037USD376372(b)(e)
Symphony CLO XVIII LtdSYMP 2016-18A ER4SOFR + 5.85% 10/23/2037USD920904(b)(e)
Symphony CLO XXIX LtdSYMP 2021-29A ERSOFR + 5.80% 10/15/2035USD615594(b)(e)
TCW CLO 2022-1 LtdTCW 2022-1A DJRSOFR + 4.28% 1/20/2038USD563556(b)(e)
TCW CLO 2025-2 LtdTCW 2025-2A ESOFR + 6.25% 1/15/2039USD472470(b)(e)
Trinitas CLO X LtdTRNTE 10A FEURIBOR + 7.90% 11/15/2038EUR331378(b)(e)
Trinitas CLO XXI LtdTRNTS 2022-21A ERSOFR + 5.50% 4/20/2038USD405396(b)(e)
Trinitas CLO XXII LtdTRNTS 2023-22A ERSOFR + 6.00% 3/20/2038USD693680(b)(e)
Trinitas CLO XXIX LtdTRNTS 2024-29AR D1RSOFR + 2.88% 10/23/2039USD324324(b)(e)
Trinitas CLO XXVII LTDTRNTS 2024-27A ERSOFR + 6.59% 4/18/2039USD322327(b)(e)
Trinitas CLO XXXII LtdTRNTS 2025-32A ESOFR + 5.80% 7/23/2038USD486494(b)(e)
Trinitas CLO XXXIII LtdTRNTS 2025-33A ESOFR + 5.95% 7/22/2038USD724735(b)(e)
Voya CLO 2017-3 LtdVOYA 2017-3A DRRSOFR + 5.80% 4/20/2034USD2,0682,002(b)(e)
Voya CLO 2019-4 LtdVOYA 2019-4A ERSOFR + 6.97% 1/15/2035USD509496(b)(e)
Voya CLO 2022-1 LtdVOYA 2022-1A ERSOFR + 6.90% 4/20/2035USD1,6471,629(b)(e)
Voya Euro Clo IX DACVOYE 9A FEURIBOR + 8.63% 10/15/2038EUR9501,094(b)(e)
Wind River 2023-1 CLO LtdWINDR 2023-1A ERSOFR + 6.75% 7/25/2038USD333335(b)(e)
Wind River 2024-1 CLO LtdWINDR 2024-1A ESOFR + 7.25% 4/20/2037USD1,0001,005(b)(e)
TOTAL ASSET BACKED SECURITIES (Amortized cost $64,932)$64,635 
Issuer Asset Maturity
Date		CurrencySharesFair ValueFootnotes
Equity & Other Investments - 3.38%
Broadline Retail - 0.54%
Belk IncCommon StockUSD82,904$2,611 (a)(b)(d)
Commercial Printing - 0.46%
Multi-Color CorpCommon StockUSD5,299455(d)
Multi-Color Corp12.000% Pref EquityUSD2,1851,770(c)
Multi-Color CorpWarrantUSD2,5449(d)
Commodity Chemicals - 0.09%
SI Group IncCommon StockUSD38,157450(a)(b)(d)
Diversified Metals & Mining - 0.27%
Foresight Energy LLCCommon StockUSD320,3811,299(a)(b)(d)
Hotels, Resorts & Cruise Lines - 0.15%
NCL Corp LtdCommon StockUSD39,846738(d)
Human Resource & Employment Services
SIRVA Worldwide IncCommon Stock (Class A)USD2,475—(a)(b)(d)
SIRVA Worldwide IncCommon Stock (Class B)USD32,077—(a)(b)(d)
SIRVA Worldwide Inc15.250% 08/2030 (Pref Equity Class A)8/20/2030USD569—(a)(b)(d)
SIRVA Worldwide Inc15.250% 08/2030 (Pref Equity Class B)8/20/2030USD287—(a)(b)(d)
Integrated Telecommunication Services - 0.13%
Numericable-SFRCommon StockEUR32,652636(d)
Leisure Facilities - 1.31%
Aimbridge Acquisition Co IncCommon StockUSD104,7326,370(a)(b)(d)
Oil & Gas Equipment & Services - 0.02%
Proserv Group Parent LLCPreferred StockUSD36,24997(a)(b)(d)
Specialized Finance - 0.37%
Oxford Lane Capital CorpCommon StockUSD194,4651,781(d)
Health Care Facilities - 0.05%
Quorum Health CorpTrade ClaimUSD3,964,000237(a)(b)(d)
TOTAL EQUITY & OTHER INVESTMENTS (Cost $28,869)$16,453 
TOTAL INVESTMENTS (Cost $732,725)$694,491 
Money Market Funds - 1.64%
U.S. Government Securities - 1.64%
Morgan Stanley Institutional Liquidity Fund - Government PortfolioClass INUSD7,959,861 7,960 (g)
TOTAL MONEY MARKET FUNDS (Cost $7,960)$7,960 
TOTAL INVESTMENTS INCLUDING MONEY MARKET FUNDS (Cost $741,684) - 144.46%$702,451 
LIABILITIES EXCEEDING OTHER ASSETS, NET - (44.46%)(216,187)
NET ASSETS - 100.00%$486,264 
TLTerm loan.
DDDelayed draw term loan.
1LFirst lien.
2LSecond lien.
EURIBOREuro Interbank Offered Rate as of July 31, 2026 was 2.21%.
SOFRSecured Overnight Financing Rate as of July 31, 2026 was 3.66%.
(a)Security considered restricted.
(b)Value determined using significant unobservable inputs.
(c)Represents a payment-in-kind (“PIK”) security which may pay interest/dividend in additional par/shares.
(d)Non-income producing security.
(e)Securities exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may only be resold to qualified institutional buyers in transactions exempt from registration. As of July 31, 2026, the aggregate fair value of these securities was approximately $312.7 million, representing approximately 64.31% of the Fund's net assets.
(f)Investment is an unfunded or partially funded commitment.
(g)The money market fund's average 7-day yield as of July 31, 2026 was 3.56%.



The following are the details of the restricted securities held by the Fund:
IssuerAsset Par/Shares  Cost  Fair Value Acquisition Date% of Net Assets
Equity & Other Investments
Belk IncCommon Stock82,904 1,362 2,611 7/22/20240.54 %
SI Group IncCommon Stock38,157 4,547 450 12/23/20250.09 %
Foresight Energy LLCCommon Stock320,381 3,666 1,299 6/30/20200.27 %
SIRVA Worldwide IncCommon Stock (Class A)2,475 7 — 8/20/20240.00 %
SIRVA Worldwide IncCommon Stock (Class B)32,077 37 — 8/20/20240.00 %
SIRVA Worldwide Inc15.250% 08/2030 (Pref Equity Class A)569 578 — 8/20/20240.00 %
SIRVA Worldwide Inc15.250% 08/2030 (Pref Equity Class B)287 128 — 8/20/20240.00 %
Aimbridge Acquisition Co IncCommon Stock104,732 10,612 6,370 3/11/20251.31 %
Proserv Group Parent LLCPreferred Stock36,249 142 97 5/7/20180.02 %
Quorum Health CorpTrade Claim3,964,000 1,868 237 7/7/20200.05 %
Total$22,947 $11,064 2.28 %