OAKTREE DIVERSIFIED INCOME FUND INC.
Consolidated Schedule of Investments (Unaudited)
March 31, 2025

Description	Country			Principal Amount			Value
CORPORATE CREDIT – 57.8%
Senior Loans (Syndicated) – 32.5%
Aerospace & Defense – 0.8%
Aernnova Aerospace, First Lien Tranche B Term Loan
6.76% (3 mo. EURIBOR + 4.00%, 0.00% Floor), 02/27/2030(a)	Spain		EUR	450,000				488,158
Bleriot US Bidco Inc, First Lien Tranche B Term Loan
7.05% (3 mo. Term SOFR + 2.75%, 0.00% Floor), 10/17/2030(a)	United States		USD	744,384				739,791
Peraton Corp., First Lien Tranche B Term Loan
8.27% (1 mo. Term SOFR + 3.85%, 0.75% Floor), 02/01/2028(a)	United States			589,882				526,331
Spirit AeroSystems, Inc., First Lien Tranche B Term Loan
8.79% (3 mo. Term SOFR + 4.50%, 0.50% Floor), 01/15/2027(a)	United States			66,658				66,825
TransDigm, Inc., First Lien Tranche J Term Loan
6.80% (3 mo. Term SOFR + 2.50%, 0.00% Floor), 02/28/2031(a)	United States			511,682				509,443
Total Aerospace & Defense								2,330,548
Air Freight & Logistics – 0.1%
Radar Bidco Sarl, First Lien Tranche B Term Loan
6.48% (3 mo. EURIBOR + 3.75%, 0.00% Floor), 03/31/2031(a)	Luxembourg		EUR	410,000				445,274
Automobile Components – 0.2%
First Brands Group LLC, First Lien Tranche B Term Loan
9.81% (3 mo. Term SOFR + 5.26%, 1.00% Floor), 03/30/2027(a)	United States		USD	736,325				686,011
Automobiles – 0.2%
MajorDrive Holdings IV LLC, First Lien Tranche B Term Loan
8.56% (3 mo. Term SOFR + 4.00%, 0.50% Floor), 06/01/2028(a)	United States			689,015				627,096
Beverages – 0.3%
Pegasus Bidco BV, First Lien Tranche B Term Loan
7.57% (3 mo. Term SOFR + 3.25%, 0.00% Floor), 07/12/2029(a)	Netherlands			561,050				561,050
Refresco/Pegasus, First Lien Tranche B Term Loan
6.02% (3 mo. EURIBOR + 3.50%, 0.00% Floor), 07/12/2029(a)	Netherlands		EUR	434,985				472,077
Total Beverages								1,033,127
Building Products – 0.1%
Aquiles Spain Bidco SA, First Lien Tranche B Term Loan
7.03% (6 mo. EURIBOR + 4.65%, 0.00% Floor), 03/29/2029(a)	Spain			300,000				321,669
Capital Markets – 0.3%
DRW Holdings LLC, First Lien Tranche B Term Loan
7.79% (6 mo. Term SOFR + 3.50%, 0.00% Floor), 06/26/2031(a)	United States		USD	1,000,000				997,970
Chemicals – 1.7%
Akzo Nobel Specialty Chemicals, First Lien Tranche B Term Loan
6.20% (3 mo. EURIBOR + 3.50%, 0.00% Floor), 04/03/2028(a)	Netherlands		EUR	300,000				324,811
INEOS Enterprises Holdings II Ltd., First Lien Tranche B Term Loan
6.50% (3 mo. EURIBOR + 4.00%, 0.00% Floor), 07/08/2030(a)	United Kingdom			250,000				270,851
INEOS Finance PLC, First Lien Tranche B Term Loan
6.05% (1 mo. EURIBOR + 3.50%, 0.00% Floor), 06/23/2031(a)	Luxembourg			247,403				264,220
INEOS Quattro Holdings UK Ltd., First Lien Tranche B Term Loan
6.80% (1 mo. EURIBOR + 4.25%, 0.00% Floor), 01/29/2026(a)	United Kingdom			200,000				211,755
6.86% (1 mo. EURIBOR + 4.50%, 0.00% Floor), 03/29/2029(a)	United Kingdom			250,000				264,773
INEOS US Finance LLC, First Lien Tranche B Term Loan
7.57% (1 mo. Term SOFR + 3.25%, 0.00% Floor), 02/19/2030(a)	Luxembourg		USD	995,000				958,464
Nobian, First Lien Tranche B Term Loan
6.54% (3 mo. EURIBOR + 3.75%, 0.00% Floor), 09/07/2029(a)	Netherlands		EUR	185,000				199,746
Rohm Holding GmbH, First Lien Term Loan
7.60% (6 mo. EURIBOR + 5.00%, 0.00% Floor), 01/29/2029(a)	Germany			485,000				502,537
SCIH Salt Holdings, Inc., First Lien Tranche B1 Term Loan
7.41% (1 mo. Term SOFR + 3.11%, 0.75% Floor), 01/31/2029(a)	United States		USD	837,900				832,139
Touchdown Acquirer, Inc., First Lien Tranche B Term Loan
7.08% (1 mo. Term SOFR + 2.75%, 0.00% Floor), 02/21/2031(a)	United States			824,188				815,431
Windsor Holdings III LLC, First Lien Tranche B Term Loan
7.07% (1 mo. Term SOFR + 2.75%, 0.00% Floor), 08/01/2030(a)	United States			295,524				293,001
Total Chemicals								4,937,728
Commercial Services & Supplies – 1.1%
Access CIG LLC, First Lien Term Loan
8.54% (3 mo. Term SOFR + 4.25%, 0.50% Floor), 08/18/2028(a)	United States			935,750				937,182
Allied Universal Holdco LLC, First Lien Tranche B Term Loan
8.27% (1 mo. Term SOFR + 3.85%, 0.50% Floor), 05/15/2028(a)	United States			911,389				911,462
Apleona Holding GmbH, First Lien Tranche B3 Term Loan
6.36% (3 mo. EURIBOR + 3.75%, 0.00% Floor), 04/28/2028(a)	Germany		EUR	300,000				325,526
Atlas Luxco, First Lien Tranche B Term Loan
6.11% (1 mo. EURIBOR + 3.75%, 0.00% Floor), 05/15/2028(a)	Luxembourg			243,687				263,216
Restaurant Technologies, Inc., First Lien Tranche B Term Loan
8.55% (3 mo. Term SOFR + 4.25%, 0.50% Floor), 04/02/2029(a)	United States		USD	55,953				53,375
Trugreen LP, First Lien Tranche B Term Loan
8.52% (1 mo. Term SOFR + 4.10%, 0.75% Floor), 11/02/2027(a)	United States			601,438				567,860
TTD Holding IV GmbH, First Lien Tranche B5 Term Loan
5.98% (3 mo. EURIBOR + 3.50%, 0.00% Floor), 10/22/2029(a)	Germany		EUR	250,000				269,792
Total Commercial Services & Supplies								3,328,413
Communications Equipment – 0.1%
Genesys Cloud Services, Inc., First Lien Tranche B Term Loan
6.82% (1 mo. Term SOFR + 2.50%, 0.00% Floor), 01/30/2032(a)	United States		USD	369,000				365,574
Construction & Engineering – 0.7%
ADB Companies LLC, First Lien Term Loan
11.32% (1 mo. Term SOFR + 6.76%, 1.00% Floor), 12/18/2025(a)(b)	United States			1,009,949				959,451
11.32% (1 mo. Term SOFR + 6.76%, 1.00% Floor), 12/18/2025(a)(b)	United States			4,893				4,648
Artera Services LLC, First Lien Term Loan
8.80% (3 mo. Term SOFR + 4.50%, 0.00% Floor), 02/10/2031(a)	United States			315,034				299,588
Tiger Acquisition LLC, First Lien Tranche B Term Loan
7.07% (1 mo. Term SOFR + 2.75%, 0.50% Floor), 06/01/2028(a)	United States			918,250				916,528
Total Construction & Engineering								2,180,215
Consumer Staples Distribution & Retail – 0.1%
Bellis Acquisition Co. PLC, First Lien Tranche B Term Loan
7.09% (6 mo. EURIBOR + 4.00%, 0.00% Floor), 05/14/2031(a)	United Kingdom		EUR	250,000				259,302
Containers & Packaging – 0.6%
Charter Next Generation, Inc., First Lien Tranche B Term Loan
7.31% (1 mo. Term SOFR + 3.00%, 0.75% Floor), 12/02/2030(a)	United States		USD	979,546				979,350
Proampac PG Borrower LLC, First Lien Tranche B Term Loan
8.30% (3 mo. Term SOFR + 4.00%, 0.75% Floor), 09/15/2028(a)	United States			547,385				545,105
8.32% (3 mo. Term SOFR + 4.00%, 0.75% Floor), 09/15/2028(a)	United States			354,861				353,383
Total Containers & Packaging								1,877,838
Distributors – 0.3%
Dealer Tire Financial LLC, First Lien Tranche B5 Term Loan
7.32% (1 mo. Term SOFR + 3.00%, 0.50% Floor), 07/02/2031(a)	United States			896,826				893,463
Diversified Consumer Services – 2.4%
Adtalem Global Education, Inc., First Lien Tranche B Term Loan
7.07% (1 mo. Term SOFR + 2.75%, 0.75% Floor), 08/14/2028(a)	United States			453,947				454,610
AI Aqua Merger Sub, Inc., First Lien Tranche B Term Loan
7.32% (1 mo. Term SOFR + 3.00%, 0.50% Floor), 07/31/2028(a)	United States			988,097				980,266
Armorica Lux Sarl, First Lien Tranche B Term Loan
7.54% (3 mo. EURIBOR + 4.93%), 07/28/2028(a)	Luxembourg		EUR	500,000				524,883
Babilou, First Lien Tranche B Term Loan
7.16% (3 mo. EURIBOR + 4.00%, 0.00% Floor), 11/18/2030(a)	France			455,000				468,244
Cervantes Bidco SL, First Lien Tranche B Term Loan
6.46% (3 mo. EURIBOR + 3.75%, 0.00% Floor), 07/07/2031(a)	Spain			300,000				326,217
Fugue Finance LLC, First Lien Tranche B Term Loan
7.50% (1 mo. Term SOFR + 3.25%, 0.50% Floor), 01/09/2032(a)	Hong Kong		USD	850,000				850,332
Galileo Global Education, First Lien Term Loan
6.27% (3 mo. EURIBOR + 3.75%, 0.00% Floor), 07/14/2028(a)	United States		EUR	395,000				424,979
Houghton Mifflin Harcourt Co., First Lien Tranche B Term Loan
9.77% (1 mo. Term SOFR + 5.35%, 0.50% Floor), 04/09/2029(a)	United States		USD	685,477				678,694
KUEHG Corp., First Lien Tranche B Term Loan
7.55% (3 mo. Term SOFR + 3.25%, 0.50% Floor), 06/12/2030(a)	United States			853,149				852,483
Renaissance Holdings Corp., First Lien Tranche B Term Loan
8.32% (1 mo. Term SOFR + 4.00%, 0.50% Floor), 04/08/2030(a)	United States			888,014				873,034
University Support Services LLC, First Lien Tranche B Term Loan
7.06% (1 mo. Term SOFR + 2.75%, 0.50% Floor), 02/12/2029(a)	Canada			698,969				694,380
Verisure Holding AB, First Lien Tranche B Term Loan
5.36% (3 mo. EURIBOR + 3.00%, 0.00% Floor), 03/27/2028(a)	Sweden		EUR	250,000				270,089
Total Diversified Consumer Services								7,398,211
Diversified Telecommunication Services – 0.7%
CCI Buyer, Inc., First Lien Tranche B Term Loan
8.30% (3 mo. Term SOFR + 4.00%, 0.75% Floor), 12/17/2027(a)	United States		USD	1,032,824				1,034,689
Cincinnati Bell, Inc., First Lien Tranche B4 Term Loan
7.07% (1 mo. Term SOFR + 2.75%, 0.50% Floor), 11/24/2028(a)	United States			716,331				716,509
Zayo Group Holdings, Inc., First Lien Tranche B Term Loan
8.57% (1 mo. Term SOFR + 4.25%, 0.50% Floor), 03/09/2027(a)	United States			446,547				420,344
Total Diversified Telecommunication Services								2,171,542
Electric Utilities – 0.3%
Alpha Generation LLC, First Lien Tranche B Term Loan
7.07% (1 mo. Term SOFR + 2.75%, 0.00% Floor), 09/30/2031(a)	United States			497,500				498,278
Cornerstone Generation LLC, First Lien Tranche B Term Loan
7.95% (1 mo. Term SOFR + 3.25%), 10/28/2031(a)	United States			400,000				400,500
Total Electric Utilities								898,778
Electronic Equipment, Instruments & Components – 0.4%
LTI Holdings, Inc., First Lien Tranche B Term Loan
8.57% (1 mo. Term SOFR + 4.25%, 0.00% Floor), 07/30/2029(a)	United States			1,144,250				1,142,579
Entertainment – 0.6%
City Football Group Ltd., First Lien Tranche B1 Term Loan
8.05% (1 mo. Term SOFR + 3.61%, 0.00% Floor), 07/22/2030(a)	United Kingdom			1,033,212				1,022,451
StubHub Holdco Sub LLC, First Lien Tranche B Term Loan
9.07% (1 mo. Term SOFR + 4.75%, 0.00% Floor), 03/15/2030(a)	United States			932,962				930,630
Total Entertainment								1,953,081
Financial Services – 0.3%
Apex Group Treasury, First Lien Tranche B Term Loan
6.10% (1 mo. EURIBOR + 3.75%, 0.00% Floor), 02/20/2032(a)	United States		EUR	105,000				113,608
Dynamo Newco II GmbH, First Lien Tranche B Term Loan
6.36% (3 mo. EURIBOR + 4.00%, 0.00% Floor), 09/26/2031(a)	Germany			220,000				238,600
Galaxy Bidco Ltd., First Lien Tranche B Term Loan
6.71% (3 mo. EURIBOR + 4.00%, 0.00% Floor), 12/17/2029(a)	United Kingdom			500,000				543,498
Total Financial Services								895,706
Food Products – 0.9%
Fiesta Purchaser, Inc., First Lien Tranche B Term Loan
7.57% (1 mo. Term SOFR + 3.25%, 0.00% Floor), 02/12/2031(a)	United States		USD	620,320				616,680
Flora Food Management US Corp., First Lien Tranche B10 Term Loan
8.19% (1 mo. Term SOFR + 3.75%, 0.00% Floor), 01/03/2028(a)	Netherlands			768,754				765,871
POP Bidco SAS, First Lien Tranche B Term Loan
7.34% (3 mo. EURIBOR + 4.50%, 0.00% Floor), 11/26/2031(a)	France		EUR	510,000				553,590
Upfield (Flora Food), Tranche B11 Term Loan
8.91%, 01/03/2028	United Kingdom		GBP	500,000				649,107
Total Food Products								2,585,248
Health Care Equipment & Supplies – 0.4%
Auris Luxembourg III Sarl, First Lien Tranche B5 Term Loan
6.69% (6 mo. EURIBOR + 4.00%, 0.00% Floor), 02/28/2029(a)	Denmark		EUR	205,000				221,990
Bausch + Lomb Corp., First Lien Tranche B Term Loan
7.77% (1 mo. Term SOFR + 3.35%, 0.50% Floor), 05/10/2027(a)	United States		USD	883,722				881,724
Total Health Care Equipment & Supplies								1,103,714
Health Care Providers & Services – 2.7%
Baart Programs, Inc., Second Lien Tranche DD Delayed Draw Term Loan
13.32% (3 mo. Term SOFR + 8.76%, 1.00% Floor), 06/11/2028(a)(b)	United States			109,025				91,352
13.32% (3 mo. Term SOFR + 8.76%, 1.00% Floor), 06/11/2028(a)(b)	United States			475,131				398,112
Baart Programs, Inc., First Lien Tranche DD Delayed Draw Term Loan
9.56% (3 mo. Term SOFR + 5.00%, 1.00% Floor), 06/11/2027(a)(b)	United States			412,310				384,479
CHG Healthcare Services, Inc., First Lien Tranche B1 Term Loan
7.30% (3 mo. Term SOFR + 3.00%, 0.50% Floor), 09/29/2028(a)	United States			2,482				2,481
7.31% (3 mo. Term SOFR + 3.00%, 0.50% Floor), 09/29/2028(a)	United States			982,447				982,261
Covetrus, Inc., First Lien Term Loan
9.30% (3 mo. Term SOFR + 5.00%, 0.50% Floor), 10/15/2029(a)	United States			895,851				863,798
Electron Bidco, Inc., First Lien Term Loan
7.07% (1 mo. Term SOFR + 2.75%, 0.50% Floor), 11/01/2028(a)	United States			792,904				792,261
Global Medical Response, Inc., First Lien Tranche B Term Loan
9.04% (1 mo. Term SOFR + 4.75%, 1.00% Floor), 10/02/2028(a)(c)	United States			936,331				937,371
HomeVi SASU, First Lien Tranche B-EXT Term Loan
7.61% (3 mo. EURIBOR + 5.00%, 0.00% Floor), 10/23/2029(a)	France		EUR	250,000				270,326
IVI America LLC, First Lien Tranche B Term Loan
8.05% (1 mo. Term SOFR + 3.75%, 0.00% Floor), 04/14/2031(a)	United States		USD	545,875				547,496
Nidda Healthcare Holding GmbH, First Lien Tranche B3-EXT Term Loan
6.54% (1 mo. EURIBOR + 4.00%, 0.00% Floor), 02/21/2030(a)	Germany		EUR	420,000				455,120
Southern Veterinary Partners LLC, First Lien Tranche B Term Loan
7.57% (1 mo. Term SOFR + 3.25%, 0.00% Floor), 12/04/2031(a)	United States		USD	1,100,000				1,098,234
Takecare Bidco SAS, First Lien Tranche B Term Loan
6.11% (3 mo. EURIBOR + 3.75%, 0.00% Floor), 12/17/2031(a)	France		EUR	500,000				542,344
VetStrategy Canada Holdings, Inc., First Lien Tranche B Term Loan
8.04% (3 mo. Term SOFR + 3.75%), 12/06/2028(a)	Canada		USD	792,132				793,495
Total Health Care Providers & Services								8,159,130
Health Care Technology – 0.9%
athenaHealth Group, Inc., First Lien Tranche B Term Loan
7.32% (1 mo. Term SOFR + 3.00%, 0.50% Floor), 02/15/2029(a)	United States			1,181,439				1,169,624
PointClickCare Technologies, Inc., First Lien Tranche B Term Loan
7.55% (3 mo. Term SOFR + 3.25%, 0.00% Floor), 11/03/2031(a)	Canada			798,000				797,007
Zelis Payments Buyer, Inc., First Lien Tranche B Term Loan
7.57% (1 mo. Term SOFR + 3.25%, 0.00% Floor), 11/26/2031(a)	United States			859,845				858,770
Total Health Care Technology								2,825,401
Hotels, Restaurants & Leisure – 1.9%
Alterra Mountain Co., First Lien Tranche B6 Term Loan
7.07% (1 mo. Term SOFR + 2.75%, 0.00% Floor), 08/17/2028(a)	United States			913,722				913,722
Banijay/Betclic, First Lien Tranche B Term Loan
5.79% (1 mo. EURIBOR + 3.25%, 0.00% Floor), 12/05/2031(a)	United States		EUR	500,000				540,989
Entain PLC, First Lien Tranche B Term Loan
7.05% (3 mo. Term SOFR + 2.75%, 0.50% Floor), 10/31/2029(a)	United Kingdom		USD	260,707				261,272
Flynn Restaurant Group LP, First Lien Tranche B Term Loan
8.07% (1 mo. Term SOFR + 3.75%, 0.00% Floor), 01/28/2032(a)	United States			75,000				73,656
8.80% (1 mo. Term SOFR + 4.36%, 0.50% Floor), 12/04/2028(a)	United States			967,500				968,946
IRB Holding Corp., First Lien Tranche B Term Loan
6.82% (1 mo. Term SOFR + 2.50%, 0.75% Floor), 12/15/2027(a)	United States			493,743				491,213
Kingpin Intermediate Holdings LLC, First Lien Tranche B Term Loan
7.82% (1 mo. Term SOFR + 3.50%, 0.00% Floor), 02/08/2028(a)	United States			964,636				961,019
Tacala Investment Corp., First Lien Tranche B Term Loan
7.82% (1 mo. Term SOFR + 3.50%, 0.75% Floor), 01/31/2031(a)	United States			565,125				565,698
Whatabrands LLC, First Lien Tranche B Term Loan
6.82% (1 mo. Term SOFR + 2.50%, 0.50% Floor), 08/03/2028(a)	United States			774,512				772,123
Total Hotels, Restaurants & Leisure								5,548,638
Household Durables – 0.2%
Hunter Douglas, Inc., First Lien Tranche B1 Term Loan
7.55% (3 mo. Term SOFR + 3.25%, 0.00% Floor), 01/19/2032(a)	Netherlands			769,631				737,691
Independent Power and Renewable Electricity Producers – 0.5%
EFS Cogen Holdings I LLC, First Lien Tranche B Term Loan
7.91% (3 mo. Term SOFR + 3.61%, 1.00% Floor), 10/01/2027(a)	United States			850,000				850,136
Lightning Power LLC, First Lien Tranche B Term Loan
6.55% (3 mo. Term SOFR + 2.25%, 0.00% Floor), 08/18/2031(a)	United States			198,125				197,272
Talen Energy Supply LLC, First Lien Tranche B Term Loan
6.82% (1 mo. Term SOFR + 2.50%, 0.00% Floor), 12/15/2031(a)	United States			174,563				174,515
Talen Energy Supply LLC, First Lien Tranche TLB-EXIT Term Loan
6.82% (1 mo. Term SOFR + 2.50%, 0.50% Floor), 05/17/2030(a)	United States			345,746				345,828
Total Independent Power and Renewable Electricity Producers								1,567,751
Insurance – 0.9%
Alliant Holdings Intermediate LLC, First Lien Tranche B6 Term Loan
7.07% (1 mo. Term SOFR + 2.75%, 0.00% Floor), 09/19/2031(a)	United States			398,000				396,010
Amynta Agency Borrower, Inc., First Lien Tranche B Term Loan
7.29% (1 mo. Term SOFR + 3.00%, 0.00% Floor), 12/29/2031(a)	United States			995,754				987,769
Asurion LLC, Second Lien Tranche B3 Term Loan
9.80% (1 mo. Term SOFR + 5.36%, 0.00% Floor), 02/03/2028(a)	United States			350,000				332,500
Asurion LLC, First Lien Tranche B10 Term Loan
8.52% (1 mo. Term SOFR + 4.10%, 0.00% Floor), 08/21/2028(a)	United States			634,272				628,678
Truist Insurance Holdings LLC, Second Lien Term Loan
9.05% (3 mo. Term SOFR + 4.75%, 0.00% Floor), 05/06/2032(a)	United States			210,526				212,961
Total Insurance								2,557,918
Interactive Media & Services – 0.8%
GoodRx, Inc., First Lien Tranche B Term Loan
8.07% (1 mo. Term SOFR + 3.75%, 0.00% Floor), 07/10/2029(a)	United States			748,125				747,523
Neptune Bidco US, Inc., First Lien Tranche B Term Loan
9.49% (3 mo. Term SOFR + 5.10%, 0.50% Floor), 04/11/2029(a)	United States			784,015				678,051
Stepstone, First Lien Tranche B Term Loan
7.38% (1 mo. EURIBOR + 4.50%), 12/19/2031(a)	Germany		EUR	500,000				539,259
Twitter, First Lien Tranche B1 Term Loan
10.95% (3 mo. Term SOFR + 6.50%, 0.00% Floor), 10/29/2029(a)	United States		USD	301,230				299,723
X Corp., First Lien Tranche B3 Term Loan
9.50%, 10/29/2029	United States			170,000				174,615
Total Interactive Media & Services								2,439,171
Leisure Products – 0.3%
Peloton Interactive, Inc., First Lien Term Loan
9.81% (1 mo. Term SOFR + 5.50%, 0.00% Floor), 05/30/2029(a)	United States			994,495				1,005,474
Life Sciences Tools & Services – 0.8%
Phoenix Newco, Inc., First Lien Tranche B Term Loan
6.82% (1 mo. Term SOFR + 2.50%), 11/15/2028(a)	United States			800,000				799,152
Sotera Health Holdings LLC, First Lien Tranche B Term Loan
7.55% (1 mo. Term SOFR + 3.25%, 0.00% Floor), 05/30/2031(a)	United States			878,275				877,726
Star Parent, Inc., First Lien Tranche B Term Loan
8.30% (3 mo. Term SOFR + 4.00%, 0.00% Floor), 09/30/2030(a)	United States			782,571				749,312
Total Life Sciences Tools & Services								2,426,190
Machinery – 0.4%
Delachaux Group SA, First Lien Tranche B Term Loan
6.11% (3 mo. EURIBOR + 3.50%, 0.00% Floor), 04/16/2029(a)	France		EUR	220,509				239,531
SPX FLOW, Inc., First Lien Tranche B Term Loan
7.32% (1 mo. Term SOFR + 3.00%, 0.50% Floor), 04/05/2029(a)	United States		USD	400,212				399,930
TK Elevator Midco GmbH, First Lien Tranche B Term Loan
6.60% (3 mo. EURIBOR + 4.00%, 0.00% Floor), 04/30/2030(a)	Germany		EUR	225,000				242,534
TSG Solutions, First Lien Tranche B Term Loan
6.29% (3 mo. EURIBOR + 3.68%, 0.00% Floor), 03/30/2029(a)	United States			300,000				325,405
Total Machinery								1,207,400
Media – 1.3%
Aragorn Parent Corp., First Lien Tranche B Term Loan
8.32% (1 mo. Term SOFR + 4.00%, 0.00% Floor), 12/15/2028(a)	United States		USD	641,985				644,726
Century DE Buyer LLC, First Lien Tranche B Term Loan
7.79% (3 mo. Term SOFR + 3.50%, 0.00% Floor), 10/30/2030(a)	United States			347,379				348,033
Directv Financing LLC, First Lien Tranche NON-EXT Term Loan
9.81% (3 mo. Term SOFR + 5.26%, 0.75% Floor), 08/02/2027(a)	United States			329,713				330,583
McGraw-Hill Education, Inc., First Lien Tranche B Term Loan
7.57% (1 mo. Term SOFR + 3.25%, 1.00% Floor), 08/06/2031(a)	United States			297,813				297,708
Univision Communications, Inc., First Lien Tranche B Term Loan
7.80% (1 mo. Term SOFR + 3.36%, 0.75% Floor), 01/31/2029(a)	United States			598,458				579,504
8.55% (3 mo. Term SOFR + 4.25%, 0.50% Floor), 06/25/2029(a)	United States			488,693				475,660
Virgin Media Bristol LLC, First Lien Tranche Y Term Loan
7.82% (6 mo. Term SOFR + 3.28%, 0.00% Floor), 03/31/2031(a)	United States			185,000				178,389
Virgin Media, Inc., First Lien Tranche Z Term Loan
5.79% (1 mo. EURIBOR + 3.43%, 0.00% Floor), 10/15/2031(a)	United Kingdom		EUR	115,000				123,391
WideOpenWest, First Lien Term Loan
7.81% (1 mo. Term SOFR + 3.26%, 1.50% Floor), 12/20/2028(a)	United States		USD	626,794				542,177
11.55% (1 mo. Term SOFR + 7.00%, 1.50% Floor), 12/20/2028(a)	United States			338,924				350,082
Total Media								3,870,253
Metals & Mining – 0.1%
Arsenal AIC Parent LLC, First Lien Tranche B Term Loan
7.07% (1 mo. Term SOFR + 2.75%, 0.00% Floor), 08/19/2030(a)	United States			295,524				293,899
Oil, Gas & Consumable Fuels – 0.4%
Freeport LNG Investments LLLP, First Lien Tranche B Term Loan
7.54% (3 mo. Term SOFR + 3.25%, 0.00% Floor), 12/21/2028(a)	United States			840,661				831,901
Traverse Midstream Partners LLC, First Lien Tranche B Term Loan
7.29% (3 mo. Term SOFR + 3.00%, 0.50% Floor), 02/16/2028(a)	United States			500,000				500,417
Total Oil, Gas & Consumable Fuels								1,332,318
Pharmaceuticals – 0.5%
AI Sirona Luxembourg Acquisition Sarl, First Lien Tranche B3 Term Loan
5.86% (1 mo. EURIBOR + 3.50%, 0.00% Floor), 09/29/2028(a)	Czech Republic		EUR	250,000				270,771
Curium Bidco Sarl, First Lien Tranche B Term Loan
7.80% (3 mo. Term SOFR + 3.50%, 0.00% Floor), 07/31/2029(a)	Luxembourg		USD	817,344				817,344
Pharmanovia, First Lien Tranche B Term Loan
6.75% (3 mo. EURIBOR + 4.25%, 0.00% Floor), 02/06/2030(a)	United Kingdom		EUR	300,000				313,848
Total Pharmaceuticals								1,401,963
Professional Services – 1.9%
Advantage Sales & Marketing, Inc., First Lien Tranche B2 Term Loan
9.07% (3 mo. Term SOFR + 4.51%, 0.75% Floor), 10/28/2027(a)	United States		USD	671,891				649,960
Blackhawk Network Holdings, Inc., First Lien Tranche B Term Loan
8.32% (1 mo. Term SOFR + 4.00%, 1.00% Floor), 03/12/2029(a)	United States			943,884				941,355
DTI Holdco, Inc., First Lien Tranche B Term Loan
8.32% (1 mo. Term SOFR + 4.00%, 0.75% Floor), 04/26/2029(a)	United States			638,650				634,339
Eisner Advisory Group LLC, First Lien Tranche B Term Loan
8.32% (1 mo. Term SOFR + 4.00%, 0.50% Floor), 02/28/2031(a)	United States			320,950				321,078
Element Materials Technology Group US Holdings, Inc., First Lien Tranche B Term Loan
8.05% (3 mo. Term SOFR + 3.75%, 0.50% Floor), 06/25/2029(a)	United States			276,014				275,928
Grant Thornton Advisors Holdings LLC, First Lien Tranche B Term Loan
7.07% (3 mo. Term SOFR + 2.75%), 05/30/2031(a)	United States			597,004				594,672
Planet US Buyer LLC, First Lien Tranche B Term Loan
7.32% (3 mo. Term SOFR + 3.00%, 0.00% Floor), 02/10/2031(a)	United States			620,313				619,472
Project Alpha Intermediate Holding, First Lien Tranche B Term Loan
7.55% (3 mo. Term SOFR + 3.25%, 0.50% Floor), 10/28/2030(a)	United States			994,880				993,840
Skopima Consilio Parent LLC, First Lien Term Loan
8.07% (1 mo. Term SOFR + 3.75%, 0.50% Floor), 05/17/2028(a)	United States			908,256				902,866
Total Professional Services								5,933,510
Software – 5.1%
Acuris Finance US, Inc., First Lien Tranche B Term Loan
6.03% (3 mo. EURIBOR + 3.50%, 0.00% Floor), 02/16/2028(a)	United States		EUR	288,730				310,082
BMC Software, Inc., First Lien Tranche B Term Loan
7.29% (1 mo. Term SOFR + 3.00%, 0.00% Floor), 07/30/2031(a)	United States		USD	129,000				126,937
Capstone Borrower, Inc., First Lien Tranche B Term Loan
7.07% (3 mo. Term SOFR + 2.75%), 06/17/2030(a)	United States			376,589				375,366
Castle US Holding Corp., First Lien Tranche B Term Loan
6.25% (3 mo. EURIBOR + 3.75%, 0.00% Floor), 01/29/2027(a)	United States		EUR	241,117				161,892
Cloud Software Group, Inc., First Lien Tranche B2 Term Loan
8.05% (3 mo. Term SOFR + 3.75%, 0.50% Floor), 03/24/2031(a)	United States		USD	2,725				2,702
Cloud Software Group, Inc., First Lien Tranche B1 Term Loan
7.83% (3 mo. Term SOFR + 3.50%, 0.50% Floor), 03/29/2029(a)	United States			632,668				627,635
ConnectWise LLC, First Lien Tranche B Term Loan
8.32% (3 mo. Term SOFR + 3.76%, 0.50% Floor), 09/29/2028(a)	United States			53,585				53,607
Epicor Software Corp., First Lien Tranche B Term Loan
7.07% (1 mo. Term SOFR + 2.75%), 05/30/2031(a)	United States			554,481				553,663
Icon Parent I, First Lien Term Loan
7.32% (3 mo. Term SOFR + 3.00%, 0.00% Floor), 11/13/2031(a)	United States			1,110,000				1,102,974
Icon Parent I, Second Lien Term Loan
9.32% (3 mo. Term SOFR + 5.00%, 0.00% Floor), 11/12/2032(a)	United States			150,000				150,437
ION Corporate Solutions Finance Sarl, First Lien Tranche B Term Loan
6.43% (3 mo. EURIBOR + 3.75%, 0.00% Floor), 03/13/2028(a)	Luxembourg		EUR	181,592				194,843
ION Trading Technologies Sarl, First Lien Tranche B Term Loan
6.61% (3 mo. EURIBOR + 4.25%, 0.00% Floor), 04/03/2028(a)	Ireland			494,176				526,590
Kaseya, Inc., First Lien Tranche B Term Loan
7.57% (1 mo. Term SOFR + 3.25%, 0.00% Floor), 03/22/2032(a)	United States		USD	932,294				930,551
Leia Finco US LLC, First Lien Tranche B Term Loan
7.54% (3 mo. Term SOFR + 3.25%, 0.00% Floor), 10/09/2031(a)	United States			476,000				471,909
Leia Finco US LLC, Second Lien Term Loan
9.54% (1 mo. Term SOFR + 5.25%, 0.00% Floor), 10/12/2032(a)	United States			305,000				300,915
McAfee Corp., First Lien Tranche B1 Term Loan
7.32% (1 mo. Term SOFR + 3.00%, 0.50% Floor), 03/01/2029(a)	United States			892,734				854,346
McAfee Corp., First Lien Tranche B2 Term Loan
6.11% (3 mo. EURIBOR + 3.50%, 0.00% Floor), 03/01/2029(a)	United States		EUR	243,783				258,150
Mermaid Bidco, Inc., First Lien Tranche B Term Loan
6.31% (3 mo. EURIBOR + 3.75%, 0.00% Floor), 07/02/2031(a)	United States			450,000				489,426
Mitchell International, Inc., Second Lien Term Loan
9.57% (1 mo. Term SOFR + 5.25%, 0.00% Floor), 06/17/2032(a)	United States		USD	310,000				302,637
Mitchell International, Inc., First Lien Tranche B Term Loan
7.57% (1 mo. Term SOFR + 3.25%, 0.50% Floor), 06/17/2031(a)	United States			646,750				639,972
Modena Buyer LLC, First Lien Tranche B Term Loan
8.79% (3 mo. Term SOFR + 4.50%, 0.00% Floor), 07/01/2031(a)	United States			271,750				263,739
P&I Personal & Informatik, First Lien Tranche B2 Term Loan
6.13% (3 mo. EURIBOR + 3.75%, 0.00% Floor), 03/27/2029(a)	Germany		EUR	500,000				543,904
Polaris Newco LLC, First Lien Tranche B Term Loan
6.11% (3 mo. EURIBOR + 3.75%, 0.00% Floor), 06/05/2028(a)	United States			241,250				245,610
Project Boost Purchaser LLC, First Lien Tranche B Term Loan
7.30% (3 mo. Term SOFR + 3.00%, 0.00% Floor), 07/16/2031(a)	United States		USD	748,125				744,792
Proofpoint, Inc., First Lien Tranche B Term Loan
7.32% (1 mo. Term SOFR + 3.00%, 0.50% Floor), 08/31/2028(a)	United States			1,300,674				1,298,033
Quartz Acquireco LLC, First Lien Tranche B2 Term Loan
6.55% (1 mo. Term SOFR + 2.25%, 0.00% Floor), 06/28/2030(a)	United States			295,500				294,023
RealPage, Inc., First Lien Term Loan
8.05% (3 mo. Term SOFR + 3.75%, 0.50% Floor), 04/24/2028(a)	United States			73,000				73,137
RealPage, Inc., First Lien Tranche B Term Loan
7.68% (3 mo. Term SOFR + 3.11%, 0.50% Floor), 04/24/2028(a)	United States			1,517,093				1,498,986
Storable, Inc., First Lien Tranche B Term Loan
7.57% (1 mo. Term SOFR + 3.25%, 0.00% Floor), 04/16/2031(a)	United States			184,000				183,138
Suse, First Lien Tranche B8 Term Loan
6.36% (3 mo. EURIBOR + 3.75%, 0.00% Floor), 11/11/2030(a)	Germany		EUR	300,000				325,955
team.blue Finco SARL, First Lien Tranche B Term Loan
6.06% (3 mo. EURIBOR + 3.70%, 0.00% Floor), 09/28/2029(a)	Luxembourg			300,000				324,634
UKG, Inc., First Lien Tranche B Term Loan
7.30% (3 mo. Term SOFR + 3.00%, 0.00% Floor), 02/10/2031(a)	United States		USD	1,068,125				1,067,062
Zodiac Purchaser LLC, First Lien Tranche B Term Loan
7.82% (1 mo. Term SOFR + 3.50%, 0.00% Floor), 02/17/2032(a)	United States			240,000				237,300
Total Software								15,534,947
Specialty Retail – 0.7%
CD&R Firefly Bidco, First Lien Tranche B5 Term Loan
0.00%, 06/21/2028	United Kingdom		GBP	250,000				323,646
Global Blue, First Lien Tranche B Term Loan
5.72% (3 mo. EURIBOR + 3.25%, 0.00% Floor), 12/05/2030(a)	Netherlands		EUR	160,000				173,698
LS Group OpCo Acquistion LLC, First Lien Tranche B1 Term Loan
6.81% (1 mo. Term SOFR + 2.50%, 0.00% Floor), 04/23/2031(a)	United States		USD	668,044				664,289
6.82% (1 mo. Term SOFR + 2.50%, 0.00% Floor), 04/23/2031(a)	United States			78,206				77,767
PetSmart LLC, First Lien Tranche B Term Loan
8.27% (1 mo. Term SOFR + 3.85%, 0.75% Floor), 02/14/2028(a)	United States			1,169,532				1,153,691
Total Specialty Retail								2,393,091
Technology Hardware, Storage & Peripherals – 0.2%
Sandisk Corp., First Lien Tranche B Term Loan
7.33% (1 mo. Term SOFR + 3.00%, 0.00% Floor), 02/23/2032(a)	United States			720,000				709,877
Trading Companies & Distributors – 0.2%
ASP Unifrax Holdings, LLC, First Lien Tranche DD Delayed Draw Term Loan
7.75%, 09/28/2029(d)(e)	United States			298,569				–
Renta Group, First Lien Tranche B Term Loan
6.21% (3 mo. EURIBOR + 3.75%, 0.00% Floor), 07/31/2030(a)	United States		EUR	500,000				542,728
Total Trading Companies & Distributors								542,728
Transportation Infrastructure – 0.1%
Boluda Towage, First Lien Tranche B3 Term Loan
6.00% (1 mo. EURIBOR + 3.50%, 0.00% Floor), 01/31/2030(a)	Spain			300,000				326,123
Total Senior Loans (Syndicated)								99,246,560
High Yield – 25.3%
Aerospace & Defense – 0.2%
Bombardier, Inc.
7.00%, 06/01/2032(f)	Canada		USD	120,000				119,631
8.75%, 11/15/2030(f)	Canada			560,000				591,108
Total Aerospace & Defense								710,739
Automobile Components – 0.5%
Adient Global Holdings Ltd.
7.50%, 02/15/2033(f)	United States			615,000				576,402
Dana Financing Luxembourg Sarl
8.50%, 07/15/2031	United States		EUR	275,000				321,396
IHO Verwaltungs GmbH
7.75% (includes 8.50% PIK), 11/15/2030(c)(f)	Germany		USD	270,000				266,304
8.00% (includes 8.75% PIK), 11/15/2032(c)(f)	Germany			270,000				263,465
Total Automobile Components								1,427,567
Automobiles – 0.3%
Aston Martin Capital Holdings Ltd.
10.00%, 03/31/2029(f)	Jersey			375,000				339,426
JB Poindexter & Company, Inc.
8.75%, 12/15/2031(f)	United States			575,000				591,634
Total Automobiles								931,060
Beverages – 0.1%
Primo Water Holdings, Inc.
3.88%, 10/31/2028(f)	United States		EUR	200,000				213,695
Broadline Retail – 0.4%
B&M European Value Retail SA
6.50%, 11/27/2031	United Kingdom		GBP	295,000				372,146
QVC, Inc.
6.88%, 04/15/2029(f)	United States		USD	1,275,000				874,823
Total Broadline Retail								1,246,969
Building Products – 0.3%
Cornerstone Building Brands, Inc.
9.50%, 08/15/2029(f)	United States			915,000				762,209
Chemicals – 1.0%
Celanese US Holdings LLC
6.75%, 04/15/2033	United States			1,055,000				1,025,145
INEOS Finance PLC
6.38%, 04/15/2029(g)	Luxembourg		EUR	100,000				110,834
6.63%, 05/15/2028(g)	Luxembourg			175,000				194,518
INEOS Quattro Finance 2 PLC
6.75%, 04/15/2030(g)	United Kingdom			335,000				362,599
Olympus Water US Holding Corp.
6.25%, 10/01/2029(f)	United States		USD	315,000				276,777
7.25%, 06/15/2031(f)	United States			275,000				270,214
9.63%, 11/15/2028	United States		EUR	280,000				316,258
Windsor Holdings III LLC
8.50%, 06/15/2030(f)	United States		USD	622,000				642,609
Total Chemicals								3,198,954
Commercial Services & Supplies – 1.1%
Allied Universal Holdco LLC
3.63%, 06/01/2028	United States		EUR	305,000				312,991
7.88%, 02/15/2031(f)	United States		USD	625,000				633,481
Amber Finco PLC
6.63%, 07/15/2029(g)	United Kingdom		EUR	300,000				337,261
Garda World Security Corp.
7.32% (1 mo. Term SOFR + 3.00%, 0.00% Floor), 02/01/2029(a)	Canada		USD	989,949				987,682
8.38%, 11/15/2032(f)	Canada			275,000				270,687
LABL, Inc.
5.88%, 11/01/2028, (Acquired 11/01/2021 - 11/30/2021, cost $344,965)(f)(h)	United States			345,000				272,148
TMS International Corp.
6.25%, 04/15/2029(f)	United States			640,000				596,549
Total Commercial Services & Supplies								3,410,799
Communications Equipment – 0.3%
CommScope LLC
4.75%, 09/01/2029(f)	United States			524,000				466,517
9.50%, 12/15/2031(f)	United States			291,000				299,998
Total Communications Equipment								766,515
Construction & Engineering – 0.5%
Assemblin Caverion
6.25%, 07/01/2030(g)	Sweden		EUR	331,000				367,530
Great Lakes Dredge & Dock Corp.
5.25%, 06/01/2029(f)	United States		USD	340,000				308,333
Pike Corp.
5.50%, 09/01/2028(f)	United States			440,000				426,127
8.63%, 01/31/2031(f)	United States			220,000				232,112
Total Construction & Engineering								1,334,102
Consumer Finance – 0.4%
FirstCash, Inc.
5.63%, 01/01/2030(f)	United States			702,000				681,235
goeasy Ltd.
6.88%, 05/15/2030(f)	Canada			275,000				269,598
7.38%, 10/01/2030(f)	Canada			330,000				324,108
Total Consumer Finance								1,274,941
Containers & Packaging – 0.6%
Ardagh Packaging Finance PLC
2.13%, 08/15/2026	United States		EUR	200,000				199,925
5.25%, 08/15/2027(f)	United States		USD	260,000				120,355
Fiber Bidco SpA
6.36% (3 mo. EURIBOR + 4.00%, 0.00% Floor), 01/15/2030(a)(f)	Italy		EUR	125,000				135,036
Graham Packaging Company, Inc.
7.13%, 08/15/2028(f)	United States		USD	285,000				278,579
Guala Closures SpA
6.50% (3 mo. EURIBOR + 4.00%, 0.00% Floor), 06/29/2029(a)(f)	Italy		EUR	250,000				270,866
Intelligent Packaging Limited Finco, Inc.
6.00%, 09/15/2028(f)	Canada		USD	435,000				423,631
Trivium Packaging Finance BV
3.75%, 08/15/2026	Netherlands		EUR	300,000				320,896
Total Containers & Packaging								1,749,288
Diversified Consumer Services – 0.1%
Verisure Midholding AB
5.25%, 02/15/2029	Sweden			310,000				336,319
Diversified REITs – 0.1%
Necessity Retail REIT, Inc.
4.50%, 09/30/2028(f)	United States		USD	395,000				372,686
Diversified Telecommunication Services – 1.1%
British Telecommunications PLC
8.38% (UK 5 Year Government Bond + 3.82%), 12/20/2083(a)	United Kingdom		GBP	225,000				310,208
Cogent Communications Group, Inc.
7.00%, 06/15/2027(f)	United States		USD	340,000				342,840
Consolidated Communications, Inc.
6.50%, 10/01/2028(f)	United States			380,000				367,350
Iliad Holding SASU
5.38%, 04/15/2030(g)	France		EUR	125,000				136,060
5.63%, 10/15/2028	France			175,000				192,718
Intelsat Jackson Holdings SA
6.50%, 03/15/2030(f)	Luxembourg		USD	1,005,000				957,303
Telefonica Europe BV
6.75% (8 yr. Swap Rate EUR + 3.62%), Perpetual(a)	Spain		EUR	200,000				237,652
Zayo Group Holdings, Inc.
4.00%, 03/01/2027(f)	United States		USD	300,000				273,552
7.55% (1 mo. Term SOFR + 3.11%, 0.00% Floor), 03/09/2027(a)	United States			400,000				373,288
Total Diversified Telecommunication Services								3,190,971
Electric Utilities – 0.2%
Electricite de France SA
5.63% (5 yr. Swap Rate EUR + 3.28%), Perpetual(a)(g)(i)	France		EUR	200,000				219,320
9.13% (5 yr. CMT Rate + 5.41%), Perpetual(a)(f)	France		USD	200,000				225,441
Total Electric Utilities								444,761
Energy Equipment & Services – 0.5%
Borr IHC Ltd.
10.00%, 11/15/2028(f)	Mexico			787,805				750,900
Nabors Industries, Inc.
8.88%, 08/15/2031(f)	United States			685,000				595,462
9.13%, 01/31/2030(f)	United States			290,000				290,375
Total Energy Equipment & Services								1,636,737
Entertainment – 0.1%
Banijay (LOV Banijay SASU)
7.00%, 05/01/2029(g)	France		EUR	170,000				192,152
Financial Services – 1.0%
Dynamo Newco II GmbH
6.25%, 10/15/2031(g)	Germany			335,000				367,926
Freedom Mortgage Corp.
12.25%, 10/01/2030(f)	United States		USD	530,000				584,416
GTCR LLC
8.50%, 01/15/2031	Netherlands		GBP	250,000				343,436
NCR Atleos Escrow Corp.
9.50%, 04/01/2029(f)	United States		USD	710,000				770,489
PennyMac Financial Services, Inc.
6.88%, 02/15/2033(f)	United States			300,000				298,500
Worldpay
7.50%, 01/15/2031(f)	United States			530,000				552,094
Total Financial Services								2,916,861
Food Products – 0.6%
B&G Foods, Inc.
8.00%, 09/15/2028(f)	United States			430,000				432,578
Fiesta Purchaser, Inc.
7.88%, 03/01/2031(f)	United States			585,000				604,551
9.63%, 09/15/2032(f)	United States			290,000				298,739
Irca SpA
6.25% (3 mo. EURIBOR + 3.75%, 0.00% Floor), 12/15/2029(a)(f)	Italy		EUR	500,000				541,361
Sammontana Italia SpA
6.54% (3 mo. EURIBOR + 3.75%, 0.00% Floor), 10/15/2031(a)(f)	Italy			175,000				190,056
Total Food Products								2,067,285
Gas Utilities – 0.5%
CQP Holdco LP
5.50%, 06/15/2031(f)	United States		USD	165,000				158,418
7.50%, 12/15/2033(f)	United States			515,000				543,008
Suburban Propane Partners LP
5.00%, 06/01/2031(f)	United States			835,000				754,683
Total Gas Utilities								1,456,109
Health Care Providers & Services – 0.7%
Community Health Systems, Inc.
5.63%, 03/15/2027(f)	United States			310,000				296,274
10.88%, 01/15/2032(f)	United States			440,000				434,025
LifePoint Health, Inc.
8.38%, 02/15/2032(f)	United States			750,000				755,864
Nidda Healthcare Holding GmbH
5.63%, 02/21/2030(g)	Germany		EUR	225,000				247,413
RAY Financing LLC
6.50%, 07/15/2031(g)	United Kingdom			310,000				344,122
Total Health Care Providers & Services								2,077,698
Hotel & Resort REITs – 0.3%
Service Properties Trust
8.63%, 11/15/2031(f)	United States		USD	1,000,000				1,055,634
Hotels, Restaurants & Leisure – 1.4%
Bloomin' Brands, Inc.
5.13%, 04/15/2029(f)	United States			1,015,000				877,271
Brinker International, Inc.
8.25%, 07/15/2030(f)	United States			392,000				411,986
Cirsa Finance International Sarl
6.50%, 03/15/2029(f)	Spain		EUR	205,000				230,635
7.11% (3 mo. EURIBOR + 4.50%), 07/31/2028(a)(f)	Spain			115,000				125,920
7.88%, 07/31/2028(g)	Spain			300,000				339,693
CPUK Finance Ltd.
6.50%, 08/28/2026	United Kingdom		GBP	210,000				269,517
Hilton Grand Vacations Borrower Escrow LLC
5.00%, 06/01/2029(f)	United States		USD	675,000				633,092
Lottomatica Group SpA
5.38%, 06/01/2030(g)	Italy		EUR	165,000				183,548
Lottomatica SpA
7.13%, 06/01/2028(g)	Italy			115,000				129,533
Sani/Ikos Financial Holdings 1 Sarl
7.25%, 07/31/2030	Luxembourg			325,000				361,821
Six Flags Entertainment Corp
7.25%, 05/15/2031(f)	United States		USD	425,000				426,903
TUI Cruises GmbH
6.25%, 04/15/2029(g)	Germany		EUR	285,000				319,585
Total Hotels, Restaurants & Leisure								4,309,504
Household Durables – 0.4%
Empire Communities Corp.
9.75%, 05/01/2029(f)	Canada		USD	1,020,000				1,032,894
Independent Power and Renewable Electricity Producers – 0.4%
Lightning Power LLC
7.25%, 08/15/2032(f)	United States			735,000				757,351
Talen Energy Supply LLC
8.63%, 06/01/2030(f)	United States			445,000				472,333
Total Independent Power and Renewable Electricity Producers								1,229,684
Insurance – 0.5%
Alliant Holdings LP
7.38%, 10/01/2032(f)	United States			200,000				201,128
Ardonagh Finco Ltd
6.88%, 02/15/2031	United Kingdom		EUR	310,000				342,746
HUB International Ltd.
5.63%, 12/01/2029(f)	United States		USD	120,000				116,194
6.79% (3 mo. Term SOFR + 2.50%, 0.75% Floor), 06/20/2030(a)	United States			595,508				593,691
7.38%, 01/31/2032(f)	United States			380,000				387,147
Total Insurance								1,640,906
Leisure Products – 0.2%
Asmodee Group AB
6.25% (3 mo. EURIBOR + 3.75%), 12/15/2029(a)(f)	Sweden		EUR	470,588				516,253
Life Sciences Tools & Services – 0.5%
Eurofins Scientific SE
6.75% (3 mo. EURIBOR + 4.24%), Perpetual(a)	Luxembourg			300,000				342,584
Sotera Health Holdings LLC
7.38%, 06/01/2031(f)	United States		USD	1,045,000				1,063,686
Total Life Sciences Tools & Services								1,406,270
Machinery – 0.4%
Alstom SA
5.87% (5 yr. Swap Rate EUR + 2.93%), Perpetual(a)(g)	France		EUR	300,000				336,947
EMRLD Borrower LP
6.38%, 12/15/2030(g)	United States			230,000				256,347
IMA Industria Macchine Automatiche SpA
6.54% (3 mo. EURIBOR + 3.75%, 0.00% Floor), 04/15/2029(a)	Italy			525,000				568,785
Total Machinery								1,162,079
Media – 2.2%
AMC Networks, Inc.
4.25%, 02/15/2029	United States		USD	435,000				326,968
10.25%, 01/15/2029(f)	United States			570,000				591,264
Block Communications, Inc.
4.88%, 03/01/2028(f)	United States			310,000				293,439
Cablevision Lightpath LLC
3.88%, 09/15/2027(f)	United States			710,000				674,930
5.63%, 09/15/2028(f)	United States			415,000				382,043
CCO Holdings LLC
4.25%, 02/01/2031(f)	United States			170,000				150,789
4.50%, 06/01/2033(f)	United States			494,000				421,697
4.75%, 03/01/2030(f)	United States			190,000				176,393
6.38%, 09/01/2029(f)	United States			140,000				139,692
7.38%, 03/01/2031(f)	United States			235,000				238,901
Clear Channel Outdoor Holdings, Inc.
7.88%, 04/01/2030(f)	United States			685,000				672,255
Directv Financing LLC
5.88%, 08/15/2027(f)	United States			520,000				504,390
10.00%, 02/15/2031(f)	United States			305,000				293,120
10.10% (3 mo. Term SOFR + 5.25%), 08/02/2029(a)	United States			300,000				296,175
Sirius XM Radio, Inc.
3.88%, 09/01/2031(f)	United States			1,060,000				909,471
4.13%, 07/01/2030(f)	United States			160,000				142,270
5.50%, 07/01/2029(f)	United States			214,000				206,832
Virgin Media O2 Vendor Financing Notes V DAC
7.88%, 03/15/2032(g)	Ireland		GBP	160,000				201,630
Virgin Media Secured Finance PLC
5.25%, 05/15/2029	United Kingdom			140,000				168,685
Total Media								6,790,944
Metals & Mining – 0.5%
Cleveland-Cliffs, Inc.
7.38%, 05/01/2033(f)	United States		USD	690,000				662,807
Mineral Resources Ltd.
8.50%, 05/01/2030(f)	Australia			440,000				426,158
9.25%, 10/01/2028(f)	Australia			380,000				380,434
Total Metals & Mining								1,469,399
Oil, Gas & Consumable Fuels – 0.7%
Sunoco LP
6.25%, 07/01/2033(f)	United States			300,000				300,521
Venture Global LNG, Inc.
8.38%, 06/01/2031(f)	United States			530,000				537,900
9.50%, 02/01/2029(f)	United States			335,000				359,434
Vital Energy, Inc.
7.88%, 04/15/2032(f)	United States			925,000				861,997
Total Oil, Gas & Consumable Fuels								2,059,852
Paper & Forest Products – 0.2%
Mercer International, Inc.
5.13%, 02/01/2029	Germany			550,000				472,087
Passenger Airlines – 0.6%
Spirit AeroSystems, Inc.
11.00%, 02/15/2030	United States			2,000,000				1,980,000
Pharmaceuticals – 1.1%
1261229 BC Ltd.
10.00%, 04/15/2032(f)	United States			760,000				756,164
Bausch Health Companies, Inc.
4.88%, 06/01/2028(f)	United States			240,000				194,078
5.50%, 11/01/2025(f)	United States			620,000				619,767
Cheplapharm Arzneimittel GmbH
7.31% (3 mo. EURIBOR + 4.75%, 0.00% Floor), 05/15/2030(a)(f)	Germany		EUR	210,000				212,725
7.50%, 05/15/2030	Germany			200,000				200,064
Endo Finance Holdings, Inc.
8.50%, 04/15/2031(f)	United States		USD	725,000				756,738
Rossini Sarl
6.23% (3 mo. EURIBOR + 3.88%, 0.00% Floor), 12/31/2029(a)(f)	Italy		EUR	260,000				282,944
6.75%, 12/31/2029	Italy			280,000				316,598
Total Pharmaceuticals								3,339,078
Professional Services – 0.3%
Mooney Group SpA
6.38% (3 mo. EURIBOR + 3.88%, 3.88% Floor), 12/17/2026(a)	Italy			250,000				270,495
Summer BC Holdco B SARL
6.79% (3 mo. EURIBOR + 4.25%, 0.00% Floor), 02/15/2030(a)(f)	Luxembourg			500,000				541,863
Total Professional Services								812,358
Real Estate Management & Development – 0.6%
Hunt Companies, Inc.
5.25%, 04/15/2029(f)	United States		USD	765,000				731,783
Kennedy-Wilson, Inc.
4.75%, 02/01/2030	United States			1,180,000				1,056,819
Total Real Estate Management & Development								1,788,602
Software – 1.5%
Acuris Finance US, Inc.
5.00%, 05/01/2028(f)	United States			310,000				285,012
Cedacri Mergeco SPA
8.06% (3 mo. EURIBOR + 5.50%, 0.00% Floor), 05/15/2028(a)(f)	Ireland		EUR	200,000				217,833
Cloud Software Group, Inc.
6.50%, 03/31/2029(f)	United States		USD	1,350,000				1,313,288
8.05% (3 mo. Term SOFR + 3.75%, 0.50% Floor), 03/24/2031(a)	United States			1,084,550				1,075,451
Helios Software Holdings, Inc.
7.88%, 05/01/2029	United States		EUR	295,000				324,286
8.75%, 05/01/2029(f)	United States		USD	620,000				617,668
ION Trading Technologies Sarl
9.50%, 05/30/2029(f)	Luxembourg			200,000				201,757
NCR Corp.
5.13%, 04/15/2029(f)	United States			175,000				166,875
Sabre GLBL, Inc.
7.38%, 09/01/2025(f)	United States			150,000				150,520
Total Software								4,352,690
Specialty Retail – 1.4%
CD&R Firefly Bidco
8.63%, 04/30/2029	United Kingdom		GBP	220,000				290,936
EG America LLC
8.56% (3 mo. Term SOFR + 4.25%, 0.00% Floor), 02/07/2028(a)	United Kingdom		USD	827,538				828,945
eG Global Finance PLC
11.00%, 11/30/2028	United Kingdom		EUR	155,000				185,381
Kepler SpA
8.25% (3 mo. EURIBOR + 5.75%, 0.00% Floor), 05/15/2029(a)	Italy			250,000				273,029
LCM Investments Holdings II LLC
8.25%, 08/01/2031(f)	United States		USD	870,000				903,891
Wand NewCo 3, Inc.
6.82% (1 mo. Term SOFR + 2.50%, 0.00% Floor), 01/30/2031(a)	United States			578,986				571,245
7.63%, 01/30/2032(f)	United States			1,025,000				1,049,884
Total Specialty Retail								4,103,311
Technology Hardware, Storage & Peripherals – 0.4%
Diebold Nixdorf, Inc.
7.75%, 03/31/2030(f)	United States			1,025,000				1,065,042
Textiles, Apparel & Luxury Goods – 0.3%
Afflelou SAS
6.00%, 07/25/2029(g)	France		EUR	250,000				279,395
Hanesbrands, Inc.
9.00%, 02/15/2031(f)	United States		USD	660,000				696,179
Total Textiles, Apparel & Luxury Goods								975,574
Trading Companies & Distributors – 0.6%
Equipmentshare.Com Inc.
8.00%, 03/15/2033(f)	United States			70,000				70,555
9.00%, 05/15/2028(f)	United States			995,000				1,032,088
Fortress Transportation and Infrastructure Investors LLC
7.88%, 12/01/2030(f)	United States			874,000				915,280
Total Trading Companies & Distributors								2,017,923
Transportation Infrastructure – 0.1%
Heathrow Finance PLC
6.63%, 03/01/2031(g)	United Kingdom		GBP	175,000				224,175
Wireless Telecommunication Services – 0.1%
Vodafone Group PLC
4.13% (5 yr. CMT Rate + 2.77%), 06/04/2081(a)	United Kingdom		USD	285,000				253,417
Total High Yield								75,776,093
Convertible Bonds – 0.0%
Banks – 0.0%
JPMorgan Chase Financial Co. LLC
0.50%, 06/15/2027	United States			15,000				15,787
Biotechnology – 0.0%
Ascendis Pharma AS
2.25%, 04/01/2028	Denmark			9,000				10,700
Bridgebio Pharma, Inc.
2.25%, 02/01/2029	United States			17,000				15,326
Cytokinetics, Inc.
3.50%, 07/01/2027	United States			8,000				9,180
Sarepta Therapeutics, Inc.
1.25%, 09/15/2027	United States			13,000				12,103
Travere Therapeutics, Inc.
2.25%, 03/01/2029	United States			9,000				8,991
Total Biotechnology								56,300
Broadline Retail – 0.0%
Etsy, Inc.
0.25%, 06/15/2028	United States			28,000				23,863
JD.com, Inc.
0.25%, 06/01/2029(f)	China			22,000				25,449
Total Broadline Retail								49,312
Communications Equipment – 0.0%
Lumentum Holdings, Inc.
0.50%, 06/15/2028	United States			11,000				10,191
Construction & Engineering – 0.0%
Fluor Corp.
1.13%, 08/15/2029	United States			11,000				11,701
Diversified Telecommunication Services – 0.0%
Cellnex Telecom SA
0.50%, 07/05/2028	Spain		EUR	100,000				114,823
Electric Utilities – 0.0%
NextEra Energy Capital Holdings, Inc.
3.00%, 03/01/2027	United States		USD	14,000				16,191
PPL Capital Funding, Inc.
2.88%, 03/15/2028	United States			14,000				15,701
Southern Co.
4.50%, 06/15/2027(f)	United States			15,000				16,531
Total Electric Utilities								48,423
Entertainment – 0.0%
Live Nation Entertainment, Inc.
2.88%, 01/15/2030(f)	United States			13,000				13,487
Sea Ltd.
0.25%, 09/15/2026	Singapore			19,000				17,756
Total Entertainment								31,243
Financial Services – 0.0%
Affirm Holdings, Inc.
0.75%, 12/15/2029(f)	United States			4,000				3,544
Block, Inc.
0.25%, 11/01/2027	United States			12,000				10,605
Shift4 Payments, Inc.
0.50%, 08/01/2027	United States			16,000				16,232
Total Financial Services								30,381
Health Care Equipment & Supplies – 0.0%
CONMED Corp.
2.25%, 06/15/2027	United States			21,000				19,772
Dexcom, Inc.
0.38%, 05/15/2028	United States			14,000				12,544
Envista Holdings Corp.
1.75%, 08/15/2028	United States			20,000				18,062
Haemonetics Corp
2.50%, 06/01/2029(f)	United States			7,000				6,682
Integer Holdings Corp.
1.88%, 03/15/2030(f)	United States			6,000				6,078
LivaNova PLC
2.50%, 03/15/2029	United States			12,000				11,466
Tandem Diabetes Care, Inc.
1.50%, 03/15/2029	United States			8,000				7,540
Total Health Care Equipment & Supplies								82,144
Health Care Providers & Services – 0.0%
Guardant Health, Inc.
1.25%, 02/15/2031	United States			11,000				11,399
Health Care Technology – 0.0%
Teladoc Health, Inc.
1.25%, 06/01/2027	United States			17,000				15,657
Hotel & Resort REITs – 0.0%
Pebblebrook Hotel Trust
1.75%, 12/15/2026	United States			15,000				14,055
Hotels, Restaurants & Leisure – 0.0%
Accor SA
0.70%, 12/07/2027(j)	France		EUR	15,500				8,937
Airbnb, Inc.
0.00%, 03/15/2026	United States		USD	30,000				28,710
Expedia Group, Inc.
0.00%, 02/15/2026	United States			9,000				8,888
H World Group Ltd.
3.00%, 05/01/2026	China			13,000				14,547
Marriott Vacations Worldwide Corp.
3.25%, 12/15/2027	United States			18,000				16,695
NCL Corp. Ltd.
1.13%, 02/15/2027	United States			25,000				24,325
Shake Shack, Inc.
0.00%, 03/01/2028	United States			25,000				23,141
Trip.com Group Ltd
0.75%, 06/15/2029(f)	China			6,000				7,110
Total Hotels, Restaurants & Leisure								132,353
Household Durables – 0.0%
Meritage Homes Corp.
1.75%, 05/15/2028(f)	United States			20,000				19,590
Interactive Media & Services – 0.0%
Snap, Inc.
0.13%, 03/01/2028	United States			23,000				19,516
IT Services – 0.0%
Snowflake Inc
0.00%, 10/01/2027(f)	United States			6,000				6,960
Metals & Mining – 0.0%
B2Gold Corp.
2.75%, 02/01/2030(f)	Canada			10,000				11,596
First Majestic Silver Corp.
0.38%, 01/15/2027	Canada			20,000				18,800
Total Metals & Mining								30,396
Multi-Utilities – 0.0%
CMS Energy Corp
3.38%, 05/01/2028	United States			20,000				22,170
WEC Energy Group, Inc.
4.38%, 06/01/2029(f)	United States			16,000				19,186
Total Multi-Utilities								41,356
Passenger Airlines – 0.0%
JetBlue Airways Corp.
0.50%, 04/01/2026	United States			14,000				13,237
Pharmaceuticals – 0.0%
Jazz Pharmaceuticals Plc
3.13%, 09/15/2030(f)	United States			13,000				14,476
Semiconductors & Semiconductor Equipment – 0.0%
Enphase Energy, Inc.
0.00%, 03/01/2026	United States			9,000				8,561
0.00%, 03/01/2028	United States			16,000				13,592
MKS Instruments, Inc.
1.25%, 06/01/2030(f)	United States			27,000				24,354
ON Semiconductor Corp.
0.50%, 03/01/2029	United States			9,000				7,786
Synaptics, Inc.
0.75%, 12/01/2031(f)	United States			13,000				12,285
Total Semiconductors & Semiconductor Equipment								66,578
Software – 0.0%
BILL Holdings, Inc.
0.00%, 04/01/2030(f)	United States			10,000				8,170
BlackLine, Inc.
1.00%, 06/01/2029(f)	United States			12,000				11,903
Datadog, Inc.
0.00%, 12/01/2029(f)	United States			13,000				11,356
Nutanix, Inc.
0.50%, 12/15/2029(f)	United States			7,000				7,413
Riot Platforms, Inc.
0.75%, 01/15/2030(f)	United States			5,000				3,879
Varonis Systems, Inc.
1.00%, 09/15/2029(f)	United States			10,000				9,217
Workiva, Inc.
1.25%, 08/15/2028	United States			9,000				8,395
Total Software								60,333
Total Convertible Bonds								896,211
TOTAL CORPORATE CREDIT (Cost $177,297,854)								175,918,864
EMERGING MARKET – 2.4%
High Yield – 2.4%
Building Products – 0.1%
Limak Cimento Sanayi ve Ticaret AS
9.75%, 07/25/2029	Turkey			250,000				248,159
Chemicals – 0.1%
Braskem Netherlands Finance BV
8.50% (5 yr. CMT Rate + 8.22%), 01/23/2081(a)	Brazil			400,000				400,031
Electric Utilities – 0.1%
Limak Yenilenebilir Enerji AS
9.63%, 08/12/2030(f)	Turkey			200,000				196,950
Hotels, Restaurants & Leisure – 0.0%
Grupo Posadas SAB de CV
7.00%, 12/30/2027(c)(k)	Mexico			20,000				18,849
Metals & Mining – 1.2%
CSN Resources SA
8.88%, 12/05/2030	Brazil			400,000				394,802
Samarco Mineracao SA
9.00%, 06/30/2031(c)	Brazil			1,542,913				1,494,866
Vedanta Resources Ltd
10.88%, 09/17/2029(f)	India			1,683,000				1,739,221
Total Metals & Mining								3,628,889
Oil, Gas & Consumable Fuels – 0.4%
Azule Energy Finance PLC
8.13%, 01/23/2030(f)	Angola			500,000				501,412
Ecopetrol SA
8.38%, 01/19/2036	Colombia			710,000				692,234
Total Oil, Gas & Consumable Fuels								1,193,646
Passenger Airlines – 0.2%
Grupo Aeromexico SAB de CV
8.25%, 11/15/2029(f)	Mexico			525,000				507,465
Latam Airlines Group SA
7.88%, 04/15/2030(f)	Chile			148,000				146,909
13.38%, 10/15/2029	Chile			77,000				87,059
Total Passenger Airlines								741,433
Real Estate Management & Development – 0.3%
CIFI Holdings Group Company Ltd.
6.00%, 07/16/2025(j)	China			400,000				47,200
6.45%, 05/07/2025(j)	China			200,000				23,404
11.58% (5 yr. CMT Rate + 8.57%), Perpetual(a)(j)	China			450,000				54,225
Country Garden Holdings Company Ltd.
4.80%, 08/06/2030(j)	China			200,000				20,000
7.25%, 04/08/2026(j)	China			600,000				60,182
RKPF Overseas Ltd.
5.90%, 09/05/2028	China			441,811				210,090
6.00%, 03/04/2029	China			441,488				198,890
Shimao Group Holdings Ltd.
3.45%, 01/11/2031(j)	China			400,000				22,392
4.60%, 07/13/2030(j)	China			200,000				11,250
5.20%, 01/16/2027(j)	China			1,210,000				66,550
5.60%, 07/15/2026(j)	China			400,000				22,000
6.13%, 02/21/2024(j)	China			370,000				20,180
Sino-Ocean Land Treasure IV Ltd.
3.25%, 05/05/2026(j)	China			200,000				17,460
4.75%, 08/05/2029(j)	China			410,000				35,457
4.75%, 01/14/2030(j)	China			400,000				35,936
Total Real Estate Management & Development								845,216
Total High Yield								7,273,173
TOTAL EMERGING MARKET (Cost $11,468,241)								7,273,173
STRUCTURED CREDIT – 35.8%
Collateralized Loan Obligations – 17.9%
Adagio CLO
8.52%, IX-X, Class E (3 mo. EURIBOR + 6.02%, 6.02% Floor), 09/15/2034(a)	Ireland		EUR	1,000,000				1,051,027
Anchorage Capital CLO Ltd.
10.02%, 2020-16A, Class ER2 (3 mo. Term SOFR + 5.70%, 5.70% Floor), 01/19/2038(a)(f)	Cayman Islands		USD	2,000,000				1,986,708
10.04%, 2023-26A, Class D (3 mo. Term SOFR + 5.75%, 5.75% Floor), 07/19/2034(a)(f)	Cayman Islands			500,000				500,699
11.91%, 2016-8A, Class ER2 (3 mo. Term SOFR + 7.61%, 7.35% Floor), 10/27/2034(a)(f)	Cayman Islands			1,500,000				1,501,523
Anchorage Credit Funding Ltd.
5.93%, 2020-12A, Class D, 10/25/2038(f)	Cayman Islands			750,000				736,634
9.74%, 2019-7A, Class SUB1, 04/25/2037(f)(l)	Cayman Islands			1,000,000				564,405
ARES CLO
10.05%, 2023-68A, Class D (3 mo. Term SOFR + 5.75%, 5.75% Floor), 04/25/2035(a)(f)	Jersey			2,000,000				2,002,576
Ares European CLO
7.31%, 21A, Class E (3 mo. EURIBOR + 4.75%, 4.75% Floor), 04/15/2038(a)(f)	Ireland		EUR	1,000,000				1,083,007
Birch Grove CLO
9.46%, 2021-3A, Class ER (3 mo. Term SOFR + 5.15%, 5.15% Floor), 01/19/2038(a)(f)	Cayman Islands		USD	1,000,000				1,000,255
Carlyle Global Market Strategies
11.60%, 2021-1A, Class DR (3 mo. Term SOFR + 7.30%, 7.30% Floor), 01/15/2040(a)(f)	Cayman Islands			1,000,000				1,006,767
CBAM Ltd.
11.35%, 2019-9A, Class ER (3 mo. Term SOFR + 7.05%, 7.05% Floor), 07/15/2037(a)(f)	Cayman Islands			1,300,000				1,322,537
11.66%, 2017-2A, Class ER (3 mo. Term SOFR + 7.36%, 7.10% Floor), 07/17/2034(a)(f)	Cayman Islands			571,000				555,700
Cerberus Loan Funding LP
8.46%, 2023-3A, Class C (3 mo. Term SOFR + 4.15%, 4.15% Floor), 09/13/2035(a)(f)	United States			1,000,000				1,010,477
Dryden CLO
8.65%, 2017-27X, Class ER (3 mo. EURIBOR + 5.86%, 5.86% Floor), 04/15/2033(a)	Ireland		EUR	500,000				537,773
Elmwood CLO Ltd.
7.39%, 2019-3A, Class DRR (3 mo. Term SOFR + 3.10%, 3.10% Floor), 07/18/2037(a)(f)	Cayman Islands		USD	1,750,000				1,754,624
Fortress Credit BSL Ltd.
9.04%, 2022-2A, Class DR (3 mo. Term SOFR + 4.75%, 4.75% Floor), 10/18/2033(a)(f)	Jersey			1,000,000				1,001,163
12.44%, 2022-1A, Class E (3 mo. Term SOFR + 8.15%, 8.15% Floor), 10/23/2034(a)(f)	Cayman Islands			500,000				497,691
12.48%, 2020-1A, Class E (3 mo. Term SOFR + 8.19%, 7.93% Floor), 10/20/2033(a)(f)	Cayman Islands			1,000,000				998,306
Gallatin CLO Ltd.
8.58%, 2024-1A, Class D1 (3 mo. Term SOFR + 4.00%, 4.00% Floor), 10/20/2037(a)(f)	Bermuda			1,000,000				1,013,613
9.70%, 2023-1A, Class D (3 mo. Term SOFR + 5.41%, 5.41% Floor), 10/14/2035(a)(f)	Bermuda			2,000,000				2,003,846
Generate CLO Ltd.
11.64%, 2A, Class ER2 (3 mo. Term SOFR + 7.35%, 7.35% Floor), 10/22/2037(a)(f)	Cayman Islands			1,200,000				1,180,794
Halsey Point CLO Ltd.
11.15%, 2024-8A, Class E (3 mo. Term SOFR + 6.84%, 6.84% Floor), 01/30/2038(a)(f)	Cayman Islands			1,000,000				1,010,448
Harvest CLO XXVI
8.91%, 26A, Class E (3 mo. EURIBOR + 6.12%, 6.12% Floor), 01/15/2034(a)(f)	Ireland		EUR	500,000				541,855
ICG US CLO Ltd.
8.15%, 2020-1A, Class DR (3 mo. Term SOFR + 3.86%, 3.60% Floor), 01/20/2035(a)(f)	Cayman Islands		USD	1,000,000				984,813
12.00%, 2020-1A, Class ER (3 mo. Term SOFR + 7.71%, 7.45% Floor), 01/20/2035(a)(f)	Cayman Islands			1,000,000				928,933
Marble Point CLO Ltd.
11.79%, 2020-3A, Class ER (3 mo. Term SOFR + 7.50%, 7.50% Floor), 01/19/2034(a)(f)	Cayman Islands			625,000				613,991
11.84%, 2021-4A, Class E (3 mo. Term SOFR + 7.55%, 7.29% Floor), 01/22/2035(a)(f)	Cayman Islands			1,750,000				1,716,925
Monroe Capital MML CLO Ltd.
12.65%, 2022-1A, Class E (3 mo. Term SOFR + 8.32%, 8.32% Floor), 02/24/2034(a)(f)	United States			1,000,000				1,002,026
Mountain View CLO Ltd.
8.15%, 2023-1A, Class C (3 mo. Term SOFR + 3.85%, 3.85% Floor), 09/14/2036(a)(f)	Cayman Islands			300,000				303,584
8.90%, 2019-2A, Class DR (3 mo. Term SOFR + 4.60%, 4.60% Floor), 07/15/2037(a)(f)	Cayman Islands			1,000,000				1,003,351
9.80%, 2023-1A, Class D (3 mo. Term SOFR + 5.50%, 5.50% Floor), 09/14/2036(a)(f)	Cayman Islands			300,000				302,205
12.13%, 2024-1A, Class E (3 mo. Term SOFR + 7.59%, 7.59% Floor), 10/16/2037(a)(f)	Cayman Islands			1,000,000				1,022,375
Neuberger Berman CLO Ltd.
9.30%, 2019-31A, Class ER2 (3 mo. Term SOFR + 5.00%, 5.00% Floor), 01/20/2039(a)(f)	Cayman Islands			2,000,000				1,989,928
OAK Hill European Credit Partners V Designated Activity Co.
9.11%, 2016-5A, Class ER (3 mo. EURIBOR + 6.37%, 6.37% Floor), 01/21/2035(a)(f)	Ireland		EUR	1,750,000				1,895,873
11.61%, 2016-5A, Class FR (3 mo. EURIBOR + 8.87%, 8.87% Floor), 01/21/2035(a)(f)	Ireland			1,000,000				1,074,525
Octagon Investment Partners Ltd.
11.80%, 2016-1A, Class ERR (3 mo. Term SOFR + 7.50%, 7.50% Floor), 04/24/2037(a)(f)	Cayman Islands		USD	2,250,000				2,254,313
Palmer Square European CLO
9.10%, 2022-1A, Class E (3 mo. EURIBOR + 6.36%, 6.36% Floor), 01/21/2035(a)(f)	Ireland		EUR	1,200,000				1,293,658
11.59%, 2022-1A, Class F (3 mo. EURIBOR + 8.85%, 8.85% Floor), 01/21/2035(a)(f)	Ireland			1,250,000				1,347,644
Penta CLO
8.75%, 2021-10X, Class E (3 mo. EURIBOR + 6.23%, 6.23% Floor), 11/20/2034(a)	Ireland			500,000				541,266
Rockford Tower CLO Ltd.
12.41%, 2022-2A, Class ER (3 mo. Term SOFR + 8.12%, 8.12% Floor), 10/20/2035(a)(f)	United States		USD	750,000				751,718
Rockford Tower Europe DAC
8.70%, 2021-1A, Class E (3 mo. EURIBOR + 5.96%, 5.96% Floor), 04/20/2034(a)(f)	Ireland		EUR	500,000				541,559
RR Ltd.
9.84%, 2022-24A, Class DR2 (3 mo. Term SOFR + 5.50%, 5.50% Floor), 01/15/2037(a)(f)	Bermuda		USD	1,000,000				1,008,373
Symphony CLO Ltd.
11.52%, 2012-9A, Class ER2 (3 mo. Term SOFR + 7.21%, 0.00% Floor), 07/16/2032(a)(f)	Cayman Islands			438,000				387,550
TCW CLO Ltd.
10.57%, 2019-2A, Class ER2 (3 mo. Term SOFR + 6.25%, 6.25% Floor), 01/20/2038(a)(f)	Cayman Islands			1,250,000				1,246,893
11.10%, 2021-1A, Class ER1 (3 mo. Term SOFR + 6.75%, 6.75% Floor), 01/20/2038(a)(f)	Cayman Islands			1,000,000				969,404
THL Credit Wind River CLO Ltd.
11.71%, 2020-1A, Class ER (3 mo. Term SOFR + 7.42%, 7.42% Floor), 07/20/2037(a)(f)	Cayman Islands			1,000,000				982,500
Toro European CLO
9.09%, 3X, Class ERR (3 mo. EURIBOR + 6.30%, 6.30% Floor), 07/15/2034(a)	Ireland		EUR	1,500,000				1,609,023
Trimaran Cavu Ltd.
11.92%, 2021-3A, Class E (3 mo. Term SOFR + 7.63%, 7.37% Floor), 01/18/2035(a)(f)	Cayman Islands		USD	900,000				895,822
Trinitas CLO Ltd.
9.82%, 2022-21A, Class ER (3 mo. Term SOFR + 5.50%), 04/20/2038(a)(f)	Bermuda			1,000,000				988,046
Trinitas CLO XIV Ltd.
12.60%, 2020-14A, Class E (3 mo. Term SOFR + 8.30%, 8.04% Floor), 01/25/2034(a)(f)	Cayman Islands			500,000				491,911
Trinitas CLO XVIII Ltd.
8.15%, 2021-18A, Class D (3 mo. Term SOFR + 3.86%, 3.60% Floor), 01/20/2035(a)(f)	Cayman Islands			2,000,000				1,999,814
Total Collateralized Loan Obligations								55,010,451
Commercial Mortgage-Backed Securities – 4.1%
ACREC LLC
10.35%, 2023-FL2, Class E (1 mo. Term SOFR + 6.03%, 6.03% Floor), 02/19/2038(a)(f)	United States			107,000				107,025
AREIT Trust
9.69%, 2023-CRE8, Class D (1 mo. Term SOFR + 5.37%, 5.37% Floor), 08/17/2041(a)(f)	United States			109,000				109,235
Banc of America Commercial Mortgage Trust
1.25%, 2015-UBS7, Class XFG, 09/15/2048(f)(l)	United States			10,000,000				51,673
BBCMS Mortgage Trust
6.93%, 2021-AGW, Class D (1 mo. Term SOFR + 2.61%, 2.50% Floor), 06/15/2036(a)(f)	United States			877,000				819,027
Benchmark Mortgage Trust
4.00%, 2024-V5, Class D, 01/10/2057(f)	United States			36,000				32,516
BSPRT
9.01%, 2024-FL11, Class E (1 mo. Term SOFR + 4.69%, 4.69% Floor), 07/15/2039(a)(f)	United States			278,000				278,286
BWAY Mortgage Trust
4.87%, 2022-26BW, Class E, 02/10/2044(f)(l)	United States			395,000				269,807
BX Commercial Mortgage Trust
7.97%, 2019-IMC, Class G (1 mo. Term SOFR + 3.65%, 3.60% Floor), 04/15/2034(a)(f)	United States			1,131,000				1,093,608
BX Trust
8.47%, 2021-SDMF, Class J (1 mo. Term SOFR + 4.15%, 4.03% Floor), 09/15/2034(a)(f)	United States			442,703				430,002
CD Mortgage Trust
3.35%, 2017-CD5, Class D, 08/15/2050(f)	United States			489,000				420,743
Citigroup Commercial Mortgage Trust
8.13%, 2021-KEYS, Class F (1 mo. Term SOFR + 3.81%, 3.70% Floor), 10/15/2036(a)(f)	United States			741,000				721,413
COMM Mortgage Trust
1.91%, 2016-DC2, Class XF, 02/10/2049(f)(l)	United States			13,087,848				212,028
CSAIL Commercial Mortgage Trust
4.04%, 2017-CX9, Class D, 09/15/2050(f)(l)	United States			190,000				137,705
DBGS Mortgage Trust
8.58%, 2021-W52, Class F (1 mo. Term SOFR + 4.26%, 4.15% Floor), 10/15/2036(a)(f)	United States			1,000,000				716,113
FS RIALTO
8.26%, 2024-FL9, Class D (1 mo. Term SOFR + 3.94%, 3.94% Floor), 10/19/2039(a)(f)	United States			187,000				187,192
GSMS Trust
7.42%, 2024-FAIR, Class D, 07/15/2029(f)(l)	United States			580,000				590,071
Hilton USA Trust
4.12%, 2016-SFP, Class C, 11/05/2035(b)(f)	United States			105,000				19,467
4.93%, 2016-SFP, Class D, 11/05/2035(b)(f)	United States			584,000				50,458
J.P. Morgan Chase Commercial Mortgage Securities Trust
8.85%, 2021-HTL5, Class F (1 mo. Term SOFR + 4.53%, 4.27% Floor), 11/15/2038(a)(f)	United States			1,084,000				1,077,184
Last Mile Logistics
10.28%, 2023-1A, Class D (SONIA + 5.80%, 5.80% Floor), 08/17/2033(a)(f)	United Kingdom		GBP	207,000				268,263
Life Mortgage Trust
6.78%, 2021-BMR, Class F (1 mo. Term SOFR + 2.46%, 2.35% Floor), 03/15/2038(a)(f)	United States		USD	89,600				88,558
MF1 LLC
10.05%, 2022-FL10, Class D (1 mo. Term SOFR + 5.73%, 5.73% Floor), 09/17/2037(a)(f)	United States			232,000				232,733
Natixis Commercial Mortgage Securities Trust
10.26%, 2022-RRI, Class F (1 mo. Term SOFR + 5.94%, 5.94% Floor), 03/15/2035(a)(f)	United States			493,500				490,859
ONE Mortgage Trust
5.93%, 2021-PARK, Class D (1 mo. Term SOFR + 1.61%, 1.50% Floor), 03/15/2036(a)(f)	United States			645,000				622,340
ROCK Trust
8.82%, 2024-CNTR, Class E, 11/13/2041(f)	United States			1,064,000				1,115,067
SHR Trust
8.77%, 2024-LXRY, Class E (1 mo. Term SOFR + 4.45%, 4.45% Floor), 10/15/2041(a)(f)	United States			152,000				152,096
TRTX Issuer Ltd
6.83%, 2021-FL4, Class C (1 mo. Term SOFR + 2.51%, 2.40% Floor), 03/15/2038(a)(f)	Cayman Islands			160,000				160,478
UK Logistics DAC
8.48%, 2024-1A, Class D (SONIA + 4.00%, 4.00% Floor), 05/17/2034(a)(f)	United Kingdom		GBP	102,000				132,023
9.48%, 2024-1A, Class E (SONIA + 5.00%, 5.00% Floor), 05/17/2034(a)(f)	United Kingdom			200,000				260,391
VMC Finance LLC
6.68%, 2021-FL4, Class C (1 mo. Term SOFR + 2.36%, 2.36% Floor), 06/16/2036(a)(f)	United States		USD	800,000				796,328
7.93%, 2021-FL4, Class D (1 mo. Term SOFR + 3.61%, 3.06% Floor), 06/16/2036(a)(f)	United States			147,000				136,046
WFCM
4.25%, 2024-5C1, Class F, 07/15/2057(f)	United States			874,000				608,189
Total Commercial Mortgage-Backed Securities								12,386,924
High Yield – 1.9%
Distributors – 0.7%
OWS Cre Funding I LLC
9.86% (1 mo. LIBOR US + 4.90%, 5.00% Floor), 09/15/2025(a)(f)	United States			2,232,815				2,237,519
Financial Services – 0.6%
Mexico Remittances Funding Fiduciary Estate Management Sarl
12.50%, 10/15/2031(f)	Mexico			1,850,000				1,836,125
Household Durables – 0.2%
Adams Homes, Inc.
9.25%, 10/15/2028(f)	United States			572,000				579,748
Mortgage Real Estate Investment Trusts (REITs) – 0.2%
Blackstone Mortgage Trust, Inc.
7.75%, 12/01/2029(f)	United States			502,000				517,130
Real Estate Management & Development – 0.2%
Five Point Operating Company LP
10.50%, 01/15/2028(f)(k)	United States			554,001				564,832
Total High Yield								5,735,354
Residential Mortgage-Backed Securities – 3.2%
ACRA Trust
7.19%, 2024-NQM1, Class M1B, 10/25/2064(f)(l)	United States			200,000				201,238
8.22%, 2024-NQM1, Class B1, 10/25/2064(f)(l)	United States			110,000				111,965
Angel Oak Mortgage Trust LLC
6.49%, 2024-12, Class M1A, 10/25/2069(f)(l)	United States			125,000				125,683
Bellemeade Re Ltd.
8.29%, 2024-1, Class M1C (30 day avg SOFR US + 3.95%, 3.90% Floor), 08/25/2034(a)(f)	United States			161,000				166,315
BRAVO Residential Funding Trust
7.39%, 2023-NQM5, Class M1, 06/25/2063(f)(l)	United States			183,000				185,111
8.04%, 2024-NQM1, Class B1, 12/01/2063(f)	United States			128,000				129,564
CHNGE Mortgage Trust
8.42%, 2023-4, Class B1, 09/25/2058(f)(l)	United States			891,000				897,013
COLT Funding LLC
7.71%, 2024-INV3, Class B1, 09/25/2069(f)(l)	United States			363,000				370,402
Deephaven Residential Mortgage Trust
4.31%, 2022-2, Class B1, 03/25/2067(f)(l)	United States			229,000				179,062
GCAT Trust
3.93%, 2022-NQM1, Class B1, 02/25/2067(f)(l)	United States			476,000				354,491
Imperial Fund Mortgage Trust
4.43%, 2022-NQM3, Class M1, 05/25/2067(f)(l)	United States			332,000				281,490
JP Morgan Mortgage Trust
7.64%, 2024-CES1, Class B1, 06/25/2054(f)(l)	United States			100,000				100,187
MFA Trust
4.26%, 2022-NQM1, Class B1, 12/25/2066(f)(l)	United States			251,000				196,051
Morgan Stanley Residential Mortgage Loan Trust
7.42%, 2023-NQM1, Class B1, 09/25/2068(f)(l)	United States			446,000				448,598
New Residential Mortgage LLC
7.40%, 2024-FNT1, Class A, 11/25/2031(f)(k)	United States			535,180				543,045
New Residential Mortgage Loan Trust
9.43%, 2024-RTL2, Class M1, 09/25/2039(f)(l)	United States			160,000				160,556
NYMT Loan Trust
8.41%, 2024-BPL2, Class M, 05/25/2039(f)	United States			145,000				144,894
PRKCM Trust
6.14%, 2022-AFC2, Class B1, 08/25/2057(f)(l)	United States			204,000				201,380
6.87%, 2024-AFC1, Class M1, 03/25/2059(f)(l)	United States			66,000				66,640
7.39%, 2023-AFC1, Class M1, 02/25/2058(f)(l)	United States			371,000				373,151
7.99%, 2023-AFC4, Class B1, 11/25/2058(f)(l)	United States			293,000				295,925
8.06%, 2024-AFC1, Class B1, 03/25/2059(f)(l)	United States			176,000				178,679
8.19%, 2023-AFC2, Class B1, 06/25/2058(f)(l)	United States			100,000				100,738
Progress Residential Trust
5.60%, 2022-SFR3, Class E2, 04/17/2039(f)	United States			212,000				208,662
RCKT Mortgage Trust
6.77%, 2024-CES2, Class M2, 04/25/2044(f)(l)	United States			100,000				101,356
6.77%, 2024-CES1, Class M2, 02/25/2044(f)(l)	United States			100,000				101,271
Seasoned Credit Risk Transfer Trust
4.50%, 2022-1, Class M, 11/25/2061(f)(l)	United States			226,000				200,073
STAR Trust
8.82%, 2022-SFR3, Class F (1 mo. Term SOFR + 4.50%, 4.50% Floor), 05/17/2039(a)(f)	United States			170,000				165,107
Toorak Mortgage Trust
9.16%, 2024-RRTL1, Class M1, 02/25/2039(f)(l)	United States			71,000				72,132
TVC Mortgage Trust
7.42%, 2024-RRTL1, Class M1, 07/25/2039(f)(k)	United States			295,000				296,020
Verus Securitization Trust
6.82%, 2024-2, Class M1, 02/25/2069(f)(l)	United States			100,000				100,846
7.08%, 2023-INV2, Class A3, 08/25/2068(f)(k)	United States			133,430				134,699
7.35%, 2023-INV2, Class M1, 08/25/2068(f)(l)	United States			187,000				188,902
7.49%, 2023-2, Class B1, 03/25/2068(f)(l)	United States			100,000				99,938
7.80%, 2023-6, Class B1, 09/25/2068(f)(l)	United States			158,000				159,049
7.89%, 2023-7, Class B1, 10/25/2068(f)(l)	United States			634,000				639,516
8.09%, 2023-INV2, Class B1, 08/25/2068(f)(l)	United States			215,000				216,563
Western Mortgage Reference Notes
9.69%, 2021-CL2, Class M4 (30 day avg SOFR US + 5.35%, 0.00% Floor), 07/25/2059(a)(f)	United States			766,062				831,349
Total Residential Mortgage-Backed Securities								9,327,661
Asset-Backed Securities – 8.7%
Financials – 8.7%
Adams Outdoor Advertising LP
11.71%, 2023-1, Class C, 07/15/2053(f)	United States			2,000,000				2,142,553
Castlelake Aircraft Securitization Trust
2.74%, 2017-1R, Class A, 08/15/2041(f)	United States			92,104				89,092
GAIA Aviation Ltd.
7.00%, 2019-1, Class C, 12/15/2044(f)(k)	Cayman Islands			2,137,369				1,742,811
Helios Issuer LLC
5.54%, 2020-1A, Class B, 02/01/2055(f)	United States			1,012,808				667,675
Horizon Aircraft Finance Ltd.
3.43%, 2019-2, Class A, 11/15/2039(f)	Cayman Islands			1,104,161				1,051,272
4.46%, 2018-1, Class A, 12/15/2038(f)	United States			453,866				435,939
Lunar Aircraft Ltd.
6.41%, 2020-1A, Class C, 02/15/2045(f)	United States			164,829				160,741
METAL LLC
6.50%, 2017-1, Class B, 10/15/2042(f)	United States			284,797				91,602
METAL Ltd.
4.58%, 2017-1, Class A, 10/15/2042(f)	United States			1,301,079				878,800
Mosaic Solar Loan Trust
8.50%, 2024-2A, Class C, 04/22/2052(f)	United States			1,500,000				1,488,929
Pioneer Aircraft Finance Ltd.
3.97%, 2019-1, Class A, 06/15/2044(f)	Cayman Islands			415,131				404,172
PMCIT
7.15%, 2024-1, 10/16/2034(b)(f)	United States			491,000				490,656
10.05%, 2024-1, 10/16/2034(b)(f)	United States			513,000				507,100
14.64%, 2024-1, 10/16/2034(b)(f)	United States			685,000				684,109
Sunnova Hestia II Issuer LLC
9.50%, 2024-GRID1, Class 2A, 07/20/2051(f)	United States			945,203				957,825
Thunderbolt Aircraft Lease
5.07%, 2018-A, Class B, 09/15/2038(f)(k)	United States			1,279,606				1,168,153
Uniti Group, Inc.
9.12%, 2025-1A, Class C, 04/20/2055(f)	United States			2,000,000				2,035,998
VSTJET
10.91%, 2020-1B, 01/15/2029(b)	United States			1,541,761				1,523,260
WAVE LLC
6.41%, 2019-1, Class C, 09/15/2044(f)	United States			2,581,417				1,931,674
WAVE Trust
5.68%, 2017-1A, Class B, 11/15/2042(f)	United States			1,590,272				1,359,633
6.66%, 2017-1A, Class C, 11/15/2042(f)	United States			1,251,532				616,992
Zayo Group Holdings, Inc.
8.66%, 2025-1A, Class C, 03/20/2055(f)	United States			2,500,000				2,523,837
Ziply Fiber Issuer LLC
11.17%, 2024-1A, Class C, 04/20/2054(f)	United States			3,250,000				3,485,457
Total Financials								26,438,280
Total Asset-Backed Securities								26,438,280
TOTAL STRUCTURED CREDIT (Cost $107,549,312)								108,898,670
PRIVATE CREDIT – 27.3%
Senior Loans – 22.2%
Aerospace & Defense – 1.6%
Galileo Parent, Inc., First Lien Revolver
10.05% (3 mo. Term SOFR + 5.75%, 1.00% Floor), 05/03/2029(a)(b)(d)	United States			248,581				134,944
10.05% (3 mo. Term SOFR + 5.75%, 1.00% Floor), 05/03/2029(a)(b)(d)	United States			114,730				62,282
10.34% (1 mo. Term SOFR + 5.75%, 1.00% Floor), 05/03/2029(a)(b)(d)	United States			6,689				3,631
Galileo Parent, Inc., First Lien Term Loan
10.05% (3 mo. Term SOFR + 5.75%, 1.00% Floor), 05/03/2030(a)(b)	United States			2,341,116				2,341,116
GASL Bermuda, First Lien Tranche B1 Revolver
11.11%, 12/15/2028(b)(d)	United States			3,100,000				1,303,255
WP CPP Holdings, First Lien Term Loan
11.07% (3 mo. Term SOFR + 6.75%, 0.00% Floor), 11/28/2029(a)(b)	United States			891,786				891,786
WP CPP Holdings, First Lien Revolver
11.34%, 11/28/2029(b)(d)	United States			90,000				–
Total Aerospace & Defense								4,737,014
Biotechnology – 0.8%
ADC Therapeutics, Inc., First Lien Term Loan
8.65% (3 mo. Term SOFR + 7.65%, 1.00% Floor), 08/15/2029(a)(b)	United States			1,135,543				1,107,154
Mesoblast, Inc., First Lien Term Loan
9.75% (FCPR + 4.95%), 11/19/2026(a)(b)(c)	Australia			1,232,054				1,232,054
Total Biotechnology								2,339,208
Building Products – 0.6%
Geotechnical Merger Sub, First Lien Term Loan
9.05% (3 mo. Term SOFR + 4.75%, 0.00% Floor), 10/15/2031(a)(b)	United States			1,682,000				1,666,357
Geotechnical Merger Sub, First Lien Delayed Draw Term Loan
11.75%, 08/27/2031(b)(d)	United States			623,000				92,581
Geotechnical Merger Sub, First Lien Revolver
11.75%, 08/27/2031(b)(d)	United States			234,000				77,275
Total Building Products								1,836,213
Capital Markets – 0.4%
Inspira, First Lien Delayed Draw Term Loan
10.35%, 05/10/2026(b)(d)	United States			172,000				–
Inspira, First Lien Revolver
10.35%, 05/10/2030(b)(d)	United States			103,000				–
Minotaur Acquisition, First Lien Tranche B Term Loan
9.32% (3 mo. Term SOFR + 5.00%, 1.00% Floor), 06/03/2030(a)(b)	United States			1,029,825				1,024,676
MTC Holdings, First Lien Delayed Draw Term Loan
9.32% (1 mo. Term SOFR + 5.00%, 1.00% Floor), 06/03/2030(a)(b)	United States			169,850				169,001
Total Capital Markets								1,193,677
Commercial Services & Supplies – 0.7%
Kings Buyer LLC, First Lien Revolver
11.75% (Prime + 4.25%, 1.00% Floor), 10/29/2027(a)(b)(d)	United States			472,406				145,108
NFM & J LP, First Lien Revolver
10.94% (Prime + 5.75%, 1.00% Floor), 11/30/2027(a)(b)(d)	United States			17,139				3,818
12.25% (Prime + 4.75%, 1.00% Floor), 11/30/2027(a)(b)(d)	United States			93,224				20,766
NFM & J LP, First Lien Term Loan
10.23% (3 mo. Term SOFR + 5.85%, 1.00% Floor), 11/30/2027(a)(b)	United States			489,692				484,795
NFM & J LP, First Lien Delayed Draw Term Loan
10.26% (3 mo. Term SOFR + 5.85%, 1.00% Floor), 11/30/2027(a)(b)(d)	United States			275,685				30,371
USIC Holdings Inc, First Lien Revolver
9.55% (3 mo. Term SOFR + 5.25%, 0.00% Floor), 09/10/2031(a)(b)(d)	United States			38,316				20,800
9.56% (3 mo. Term SOFR + 5.25%, 0.00% Floor), 09/10/2031(a)(b)(d)	United States			86,211				46,800
9.57% (1 mo. Term SOFR + 5.25%, 0.00% Floor), 09/10/2031(a)(b)(d)	United States			57,474				31,200
USIC Holdings Inc, First Lien Term Loan
9.81% (1 mo. Term SOFR + 5.50%, 0.75% Floor), 09/10/2031(a)(b)	United States			1,430,415				1,430,415
USIC Holdings Inc, First Lien Delayed Draw Term Loan
9.81% (3 mo. Term SOFR + 5.50%, 0.75% Floor), 09/10/2031(a)(b)(d)	United States			84,953				18,782
Total Commercial Services & Supplies								2,232,855
Communications Equipment – 0.5%
Sorenson Communications, First Lien Revolver
11.08%, 04/19/2029(b)(d)	United States			198,000				–
Sorenson Communications, First Lien Term Loan
11.09%, 04/19/2029(b)	United States			1,682,706				1,655,278
Total Communications Equipment								1,655,278
Consumer Finance – 2.0%
Avalara, Inc., Term Loan
7.57% (1 mo. Term SOFR + 3.25%), 03/29/2032(a)	United States			500,000				498,673
Celanese US Holdings LLC
5.00%, 04/15/2031	United States		EUR	245,000				263,056
Clydesdale Acquisition Holdings, Inc., Tranche B Term Loan
7.57% (1 mo. Term SOFR + 3.25%), 03/29/2032(a)	United States		USD	500,000				497,812
CPS Mezzanine, First Lien Tranche B Revolver
10.73%, 07/15/2027(b)(d)	United States			3,750,000				3,038,518
Edenred
0.00%, 06/14/2028	France		EUR	10,900				7,010
IHO Verwaltungs GmbH
7.00% (includes 7.75% PIK), 11/15/2031(c)	Germany			305,000				338,676
IVC EVIDENSIA
9.45%, 12/19/2028	United Kingdom		GBP	215,000				278,748
Nobian, Tranche B Term Loan
6.35%, 03/04/2033	Netherlands		EUR	425,000				457,888
Schoen Klinik SE, First Lien Tranche B Term Loan
7.35% (1 mo. EURIBOR + 4.00%), 01/10/2031(a)	Germany			285,000				307,016
TK Elevator Midco GmbH, First Lien Tranche B Term Loan
5.77% (3 mo. EURIBOR + 3.25%), 04/30/2030(a)	Germany			235,000				253,341
Total Consumer Finance								5,940,738
Containers & Packaging – 0.7%
ASP-r-pac Acquisition Company LLC, First Lien Term Loan
10.29% (1 mo. Term SOFR + 6.00%, 0.75% Floor), 12/29/2027(a)(b)	United States		USD	347,547				337,815
11.52%, 12/29/2027(b)	United States			1,676,407				1,629,468
ASP-r-pac Acquisition Company LLC, First Lien Revolver
9.49%, 12/29/2027(b)(d)	United States			205,745				91,993
Total Containers & Packaging								2,059,276
Diversified Consumer Services – 1.7%
AVSC Holding, First Lien Term Loan
9.32% (1 mo. Term SOFR + 5.00%, 0.75% Floor), 12/05/2031(a)(b)	United States			3,851,000				3,779,757
AVSC Holding, First Lien Revolver
9.53%, 12/05/2030(b)(d)	United States			412,000				32,370
Legends Hospitality Holding Co., First Lien Revolver
9.32% (1 mo. Term SOFR + 5.00%, 0.00% Floor), 01/11/2031(a)(b)(d)	United States			62,108				28,363
9.32% (1 mo. Term SOFR + 5.00%, 0.00% Floor), 01/11/2031(a)(b)(d)	United States			24,516				11,196
9.33% (3 mo. Term SOFR + 5.00%, 0.00% Floor), 01/11/2031(a)(b)(d)	United States			65,376				29,856
Legends Hospitality Holding Co., First Lien Term Loan
7.08%, 08/22/2031(b)	United States			1,302,947				1,279,624
Legends Hospitality Holding Co., First Lien Delayed Draw Term Loan
10.45%, 01/11/2031(b)(d)	United States			76,000				–
Total Diversified Consumer Services								5,161,166
Electrical Equipment – 0.3%
Inventus Power, Inc., Term Loan
12.19%, 06/30/2025(b)	United States			814,493				802,275
Inventus Power, Inc., Revolver
0.00%, 06/30/2025(b)(d)	United States			94,000				–
Total Electrical Equipment								802,275
Food Products – 0.3%
Protein For Pets Opco, First Lien Revolver
10.57%, 03/22/2030(b)(d)	United States			103,000				–
Protein For Pets Opco, First Lien Term Loan
10.59% (1 mo. Term SOFR + 5.25%), 03/22/2030(a)(b)	United States			986,545				968,985
Total Food Products								968,985
Health Care Equipment & Supplies – 1.1%
Spruce Bidco II, First Lien Term Loan
7.94%, 01/30/2032(b)	United States		CAD	493,904				338,307
9.32% (1 mo. Term SOFR + 5.00%, 0.75% Floor), 01/30/2032(a)(b)	United States		USD	2,724,000				2,685,047
9.56% (Daily SOFR + 5.25%, 0.75% Floor), 01/30/2032(a)(b)	United States		JPY	52,810,670				347,060
Spruce Bidco II, First Lien Revolver
9.31%, 01/30/2032(b)(d)	United States		USD	614,000				–
Total Health Care Equipment & Supplies								3,370,414
Health Care Providers & Services – 1.4%
ACESO HOLDING, First Lien Term Loan
9.10%, 09/27/2031(b)	Germany		EUR	1,529,000				1,622,726
ACESO HOLDING, First Lien Delayed Draw Term Loan
9.10%, 09/27/2031(b)(d)	Germany			382,000				–
LSL Holdco LLC, First Lien Revolver
10.52% (1 mo. Term SOFR + 6.10%, 0.75% Floor), 01/31/2028(a)(b)(d)	United States		USD	266,412				203,539
LSL Holdco LLC, Incremental Term Loan
11.44%, 01/31/2028(b)	United States			270,835				258,647
LSL Holdco LLC, Term Loan
10.79%, 01/31/2028(b)	United States			2,325,778				2,221,118
Petvet Care Centers LLC, First Lien Revolver
11.32%, 11/15/2029(b)(d)	United States			307,000				–
Petvet Care Centers LLC, First Lien Delayed Draw Term Loan
11.32%, 11/15/2030(b)(d)	United States			307,000				–
Total Health Care Providers & Services								4,306,030
Health Care Technology – 0.9%
Establishment Labs Holdings, Inc., First Lien Tranche D Delay Draw Term Loan
9.00%, 04/21/2027(b)(c)(d)	United States			184,290				–
Establishment Labs Holdings, Inc., First Lien Tranche C Delay Draw Term Loan
9.00%, 04/21/2027(b)(c)	United States			184,290				187,976
Establishment Labs Holdings, Inc., First Lien Tranche A Term Loan
9.00%, 04/21/2027(b)(c)	United States			1,247,716				1,247,715
Establishment Labs Holdings, Inc., First Lien Tranche B Delay Draw Term Loan
9.00%, 04/21/2027(c)	Costa Rica			199,823				199,823
Next Holdco LLC, First Lien Term Loan
9.55% (1 mo. Term SOFR + 5.25%, 0.75% Floor), 11/11/2030(a)(b)	United States			821,700				821,700
Next Holdco LLC, First Lien Revolver
11.32%, 11/08/2029(b)(d)	United States			80,000				–
Next Holdco LLC, First Lien Delayed Draw Term Loan
11.32%, 11/08/2030(b)(d)	United States			213,000				–
Total Health Care Technology								2,457,214
Hotels, Restaurants & Leisure – 1.9%
Grove Hotel Parcel Owner LLC, Term Loan
12.80%, 06/21/2028(b)	United States			1,709,925				1,679,146
Grove Hotel Parcel Owner LLC, Revolver
12.65%, 06/21/2028(b)(d)	United States			175,377				120,555
Grove Hotel Parcel Owner LLC, Delay Draw Term Loan
12.95%, 06/21/2028(b)	United States			350,754				344,440
PFNY Holdings LLC, First Lien Revolver
12.59%, 12/31/2026(b)(d)	United States			173,352				–
PFNY Holdings LLC, Term Loan
11.57%, 12/31/2026(b)	United States			3,522,076				3,425,219
PFNY Holdings LLC, First Lien Delay Draw Term Loan
11.57%, 12/31/2026(b)	United States			301,624				293,329
Total Hotels, Restaurants & Leisure								5,862,689
Insurance – 1.0%
Integrity Marketing Acquisition LLC, First Lien Revolver
10.28%, 08/28/2028(b)(d)	United States			234,995				–
Integrity Marketing Acquisition LLC, First Lien Delayed Draw Term Loan
10.28%, 08/28/2028(b)(d)	United States			1,153,854				–
Integrity Marketing Acquisition LLC, First Lien Term Loan
9.31% (3 mo. Term SOFR + 5.00%, 0.75% Floor), 08/25/2028(a)(b)	United States			1,873,730				1,873,730
THG Acquisition, First Lien Revolver
9.07%, 10/31/2031(b)(d)	United States			2,262				103
9.07% (1 mo. Term SOFR + 4.75%, 0.75% Floor), 10/31/2031(a)(b)(d)	United States			116,738				5,296
THG Acquisition, First Lien Delayed Draw Term Loan
9.07% (1 mo. Term SOFR + 4.75%, 0.75% Floor), 10/31/2031(a)(b)(d)	United States			239,000				4,202
THG Acquisition, First Lien Term Loan
9.07% (1 mo. Term SOFR + 4.75%, 0.75% Floor), 10/31/2031(a)(b)	United States			1,070,000				1,061,975
Total Insurance								2,945,306
Life Sciences Tools & Services – 1.1%
Creek Parent, First Lien Term Loan
9.57% (1 mo. Term SOFR + 5.25%), 12/18/2031(a)(b)	United States			3,287,000				3,233,422
Creek Parent, First Lien Revolver
9.82%, 12/18/2031(b)(d)	United States			471,000				–
Total Life Sciences Tools & Services								3,233,422
Machinery – 0.3%
Truck-Lite Company, First Lien Delayed Draw Term Loan
10.04% (3 mo. Term SOFR + 5.75%, 0.75% Floor), 02/13/2031(a)(b)(d)	United States			104,832				67,032
Truck-Lite Company, First Lien Term Loan
10.07% (3 mo. Term SOFR + 5.75%, 0.75% Floor), 02/13/2031(a)(b)	United States			965,250				965,250
Truck-Lite Company, First Lien Revolver
9.74% (1 mo. Term SOFR + 5.75%, 0.75% Floor), 02/13/2030(a)(b)(d)	United States			9,870				658
10.05% (3 mo. Term SOFR + 5.75%, 0.75% Floor), 02/13/2030(a)(b)(d)	United States			95,130				6,342
Total Machinery								1,039,282
Pharmaceuticals – 0.4%
Bioxcel Therapeutics, Inc., First Lien Tranche D Delayed Draw Term Loan
0.00%, 04/19/2027(b)(d)	United States			625,975				–
Bioxcel Therapeutics, Inc., First Lien Tranche C Delay Draw Term Loan
12.81%, 04/19/2027(b)(d)	United States			375,585				–
Bioxcel Therapeutics, Inc., First Lien Tranche A2 Term Loan
3.00% (3 mo. Term SOFR + 7.50%), 04/19/2027(a)(b)	United States			401,323				351,158
Bioxcel Therapeutics, Inc., First Lien Tranche A Term Loan
8.00%, 04/19/2027(b)	United States			968,193				847,169
Total Pharmaceuticals								1,198,327
Professional Services – 0.3%
Kite Midco II, First Lien Delayed Draw Term Loan
9.43%, 09/20/2031(b)(d)	United States			216,000				–
Kite Midco II, First Lien Tranche B1 Term Loan
9.43%, 09/20/2031(b)	United States			877,000				864,196
Total Professional Services								864,196
Real Estate Management & Development – 0.4%
Lightbox Intermediate, First Lien Term Loan
9.81%, 01/14/2030(b)	United States			1,197,000				1,179,524
Lightbox Intermediate, First Lien Revolver
9.81%, 01/14/2030(b)(d)	United States			77,000				–
Total Real Estate Management & Development								1,179,524
Software – 3.8%
CentralSquare Technologies, First Lien Revolver
11.32%, 04/12/2031(b)(d)	United States			66,000				–
Evergreen IX Borrower, First Lien Term Loan
9.05% (3 mo. Term SOFR + 4.75%, 0.00% Floor), 09/29/2030(a)(b)	United States			1,418,731				1,418,731
Evergreen IX Borrower, First Lien Revolver
11.39%, 09/29/2029(b)(d)	United States			127,000				–
Finastra USA, Inc., First Lien Revolver
11.43% (6 mo. Term SOFR + 7.25%, 0.00% Floor), 09/13/2030(a)(b)(d)	United States			152,000				38,219
Finastra USA, Inc., First Lien Term Loan
11.43% (1 mo. Term SOFR + 7.25%, 0.00% Floor), 09/13/2029(a)(b)	United States			1,447,380				1,447,380
ICIMS, Inc., First Lien Revolver
5.75% (3 mo. Term SOFR + 5.75%, 1.00% Floor), 08/15/2028(a)(b)(d)	United States			38,848				4,153
10.04% (3 mo. Term SOFR + 5.75%, 1.00% Floor), 08/15/2028(a)(b)(d)	United States			118,704				12,690
ICIMS, Inc., Delay Draw Term Loan
0.00%, 08/18/2028(b)(c)(d)	United States			293,146				–
ICIMS, Inc., Term Loan
10.67%, 08/18/2028(b)	United States			1,779,695				1,729,686
Monotype Imaging Holdings, First Lien Revolver
10.84%, 02/28/2031(b)(d)	United States			176,000				–
Monotype Imaging Holdings, First Lien Delayed Draw Term Loan
9.82% (3 mo. Term SOFR + 5.50%, 0.00% Floor), 02/28/2031(a)(b)(d)	United States			116,864				27,126
Monotype Imaging Holdings, First Lien Term Loan
9.82% (3 mo. Term SOFR + 5.50%, 0.75% Floor), 02/28/2031(a)(b)	United States			1,398,433				1,398,433
MRI Software LLC, First Lien Tranche 6 Delayed Draw Term Loan
9.05% (3 mo. Term SOFR + 4.75%, 1.00% Floor), 02/10/2027(a)(b)(d)	United States			220,115				67,163
MRI Software LLC, First Lien Term Loan
9.05% (3 mo. Term SOFR + 4.75%, 1.00% Floor), 02/10/2027(a)(b)	United States			1,413,281				1,402,257
Optimizely North America, First Lien Term Loan
7.61% (1 mo. EURIBOR + 5.25%, 0.00% Floor), 10/30/2031(a)(b)	United States		EUR	554,000				593,351
9.32% (1 mo. Term SOFR + 5.00%, 0.00% Floor), 10/30/2031(a)(b)	United States		USD	1,552,000				1,537,256
9.96% (SONIA + 5.50%, 0.00% Floor), 10/30/2031(a)(b)	United States		GBP	185,000				236,705
Optimizely North America, First Lien Revolver
9.70%, 10/30/2031(b)(d)	United States		USD	231,000				–
Pluralsight Inc, First Lien Delayed Draw Term Loan
0.00%, 08/22/2029(b)(d)	United States			60,308				–
Pluralsight Inc, First Lien Tranche B Term Loan
12.62% (3 mo. Term SOFR + 7.50%, 0.00% Floor), 08/22/2029(a)(b)	United States			133,477				133,476
Pluralsight Inc, First Lien Revolver
0.00%, 08/22/2029(b)(d)	United States			24,123				–
Pluralsight Inc, First Lien Term Loan
7.33% (3 mo. Term SOFR + 3.00%, 0.00% Floor), 08/22/2029(a)(b)	United States			84,231				84,231
Pluralsight Restructure, First Lien Term Loan
7.33% (3 mo. Term SOFR + 3.00%, 0.00% Floor), 08/22/2031(a)(b)	United States			48,621				48,622
UserZoom Technologies, Inc., Term Loan
12.77%, 04/05/2029(b)	United States			1,348,000				1,327,780
Total Software								11,507,259
Total Senior Loans								66,890,348
Senior Loans (Syndicated) – 2.7%
Commercial Services & Supplies – 0.7%
Kings Buyer LLC, First Lien Term Loan
9.75% (3 mo. Term SOFR + 5.35%, 0.00% Floor), 10/29/2027(a)(b)	United States			2,207,180				2,140,964
Health Care Providers & Services – 0.7%
Petvet Care Centers LLC, First Lien Term Loan
10.32% (1 mo. Term SOFR + 6.00%, 0.75% Floor), 10/24/2030(a)(b)	United States			2,326,550				2,227,672
Interactive Media & Services – 0.7%
Ancestry.com, Inc., First Lien Tranche B Term Loan
9.82% (1 mo. Term SOFR + 5.50%, 0.00% Floor), 12/06/2027(a)(b)	United States			1,624,723				1,624,723
Arches Buyer, Inc.
4.25%, 06/01/2028(f)	United States			650,000				592,576
Total Interactive Media & Services								2,217,299
Metals & Mining – 0.3%
IAMGOLD Corp., Second Lien Term Loan
12.77%, 05/16/2028(b)	United States			975,000				1,014,000
Software – 0.3%
CentralSquare Technologies, First Lien Term Loan
7.20% (1 mo. Term SOFR + 2.88%, 0.00% Floor), 04/12/2031(a)(b)	United States			595,472				594,579
ICIMS, Inc., First Lien Term Loan
10.54% (3 mo. Term SOFR + 6.25%, 1.00% Floor), 08/18/2028(a)(b)	United States			253,659				250,209
MRI Software LLC, First Lien Revolver
9.05% (1 mo. Term SOFR + 4.75%, 1.00% Floor), 02/10/2027(a)(b)(d)	United States			166,000				9,150
Total Software								853,938
Total Senior Loans (Syndicated)								8,453,873
High Yield – 0.4%
Machinery – 0.4%
ProFrac Holdings II LLC
11.54% (3 mo. Term SOFR + 7.25%), 01/23/2029(a)(b)(f)	United States			1,157,000				1,157,000
Total High Yield								1,157,000
				Shares
Preferred Stock – 1.0%
Health Care Providers & Services – 0.1%
Petvet Care Centers LLC(Acquired 11/15/2023, cost $198,940)(b)(h)	United States			203				233,937
Health Care Technology – 0.9%
athenahealth, Inc.(Acquired 2/15/2022, cost $1,992,289)(b)(h)	United States			2,033				2,765,287
Total Preferred Stock								2,999,224
Warrants – 0.0%
Biotechnology – 0.0%
ADC Therapeutics - (Exercise price: $8.30, Expiration: 08/15/2032)(Acquired 8/15/2022, cost $30,028)(b)(h)	United States			4,988				998
Mesoblast, Inc.- (Exercise Price: $7.26, Expiration: 11/19/2026)(Acquired 12/20/2021 - 1/10/2024, cost $106,354)(b)(h)	United States			23,222				126,560
Seres Therapeutics, Inc. - (Exercise price: $6.69, Expiration: 04/27/2030)(Acquired 4/27/2023, cost $14,821)(b)(h)	United States			4,735				1,657
Total Biotechnology								129,215
Pharmaceuticals – 0.0%
Bioxcel Therapeutics, Inc. - (Exercise price: $0.01, Expiration: 11/25/2031)(Acquired 11/25/2024, cost $0)(b)(h)	United States			3,912				7,315
Bioxcel Therapeutics, Inc. - (Exercise price: $3.07, Expiration: 04/19/2029)(Acquired 3/20/2024, cost $0)(b)(h)	United States			78				86
Bioxcel Therapeutics, Inc. - (Exercise price: $3.65, Expiration: 04/19/2029)(Acquired 4/28/2022 - 12/5/2023, cost $0)(b)(h)	United States			272				299
Total Pharmaceuticals								7,700
Total Warrants								136,915
				Principal Amount
Private Placement Bond – 0.7%
Real Estate Management & Development – 0.7%
Stargate Oxford St
11.57%, 07/19/2026(b)	Australia		AUD	3,571,779				2,231,832
Total Private Placement Bond								2,231,832
				Shares
Private Placement Equity – 0.3%
Distributors – 0.1%
RelaDyne(Acquired 12/23/2021, cost $187,703)(b)(h)	United States			2,000				251,500
Health Care Technology – 0.2%
Ipi Legacy Liquidation Co(b)	United States			754,923				754,923
Software – 0.0%
Pluralsight Inc(b)	United States			41,791				102,388
Total Private Placement Equity								1,108,811
TOTAL PRIVATE CREDIT (Cost $82,786,688)								82,978,003
SHORT-TERM INVESTMENTS — 4.3%
Money Market Fund – 3.8%
First American Government Obligations Fund - Class X, 4.26%(m)	United States			11,579,658				11,579,658
				Principal Amount
U.S. Treasury Bills – 0.5%
4.23%, 04/24/25(n)	United States		USD	1,500,000				1,495,947
TOTAL SHORT-TERM INVESTMENTS (Cost $13,075,626)								13,075,605
Total Investments – 127.6%(o) (Cost $392,177,721)								388,144,315
Liabilities in Excess of Other Assets – (27.6)%								(83,895,766	)
TOTAL NET ASSETS – 100.0%							$	304,248,549
The following notes should be read in conjunction with the accompanying Consolidated Schedule of Investments.

(a) Variable rate security - Interest rate is based on reference rate and spread or based on the underlying assets. Interest rate may also be subject to a cap or floor. Securities that reference SOFR may be subject to a credit spread adjustment, particularly to legacy holdings that  reference LIBOR that have transitioned to SOFR as the base lending rate.

(b) These securities are characterized as Level 3 securities within the disclosure hierarchy.  Level 3 security values are determined using significant unobservable inputs. As of March 31, 2025, the total value of all such securities was $84,396,476 or 27.7% of net assets.

(c) Paid in kind security which may pay interest in additional par.

(d) As of March 31, 2025, the Fund had entered into the following commitments to fund various revolving and delayed draw senior secured and subordinated loans.  Such commitments are subject to the satisfaction of certain conditions set forth in the documents governing these loans and there can be no assurance that such conditions will be satisfied. All values are reflected at par.

(e) Coupon rate is variable or floats based on components including but not limited to reference rate and spread. These securities may not indicate a reference rate and/or spread in their description. The rate disclosed is as of March 31, 2025.

(f) Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration to qualified institutional buyers.  As of March 31, 2025, the total value of all such securities was $162,561,188 or 53.4% of net assets.

(g) These assets are held in the Oaktree Diversified Income Fund (Cayman) Ltd., a Cayman Islands exempted company and wholly-owned subsidiary of the Fund.

(h) Restricted security.  Purchased in a private placement transaction; resale to the public may require registration.  As of March 31, 2025, the total value of all such securities was $3,659,787 or 1.2% of net assets.

(i) Regulation S security. These securities may be subject to transfer restrictions as defined by Regulation S. As of March 31, 2025, the total value of all such securities was $219,320 or 0.1% of net assets.

(j) Issuer is currently in default on its regularly scheduled interest payment.

(k) Security is a "step up" bond where the coupon increases or steps up at a predetermined date.  Interest rate shown is the rate in effect as of March 31, 2025.

(l) Coupon rate is variable based on the weighted average coupon of the underlying collateral. To the extent the weighted average coupon of the underlying assets which comprise the collateral increases or decreases, the coupon rate of this security will increase or decrease correspondingly. The rate disclosed is as of March 31, 2025.

(m) The rate shown represents the seven-day yield as of March 31, 2025.

(n) The rate shown is the effective yield.

(o) These securities are pledged as collateral for the credit facility.

Abbreviations:
CMT	Constant Maturity Treasury Rate
EURIBOR	Euro Interbank Offered Rate
LIBOR	London Interbank Offered Rates
LLC	Limited Liability Corporation
LP	Limited Partnership
PIK	Payment-in Kind
PLC	Public Limited Company
REIT	Real Estate Investment Trust
SOFR	Secured Overnight Financial Rate
SONIA	Sterling Overnight Index Average

Currencies:
AUD	Australian Dollar
CAD	Canadian Dollar
GBP	British Pound
EUR	Euro
JPY	Japanese Yen
USD	US Dollar