	Income Opportunities Fund				January 31, 2025

Schedule of Investments (Unaudited)

(Stated in United States Dollars, unless otherwise noted)

(in thousands, except share data)

Issuer

Asset

Reference Rate & Spread

Maturity
Date

Currency

Par

Fair Value

Footnotes

Leveraged Loans - 71.38%

Aerospace & Defense - 0.31%

Ultra Electronics Holdings Ltd

TL 1L B 11/21 EUR

EURIBOR + 3.75%

8/6/2029

EUR

425

440

Vertex Aerospace Services LLC

TL 1L B 12/21

SOFR + 2.25%

12/6/2030

USD

673

676

Alternative Carriers - 3.46%

Level 3 Financing Inc

TL 1L B1 03/24

SOFR + 6.56%

4/15/2029

USD

2,868

2,911

Level 3 Financing Inc

TL 1L B2 03/24

SOFR + 6.56%

4/15/2030

USD

4,680

4,742

Lumen Technologies Inc

TL 1L B2 03/24

SOFR + 2.35%

4/15/2030

USD

3,321

3,104

Virgin Media Ireland Ltd

TL 1L B1 06/21 EUR

EURIBOR + 3.58%

7/15/2029

EUR

1,623

1,672

Application Software - 7.54%

Ellucian Inc

TL 2L 11/24

SOFR + 4.75%

11/22/2032

USD

1,109

1,137

Envestnet Inc

TL 1L 09/24

SOFR + 3.50%

11/25/2031

USD

543

550

Industrial & Financial Systems IFS AB

TL 1L B 03/21 EUR

EURIBOR + 3.15%

3/31/2028

EUR

1,187

1,236

Qlik Technologies Inc

TL 1L 11/24

SOFR + 3.25%

10/26/2030

USD

1,254

1,268

Qualtrics International Inc

TL 1L B 06/24

SOFR + 2.75%

6/28/2030

USD

541

544

Solera LLC

TL 2L 06/21 PIK Toggle

SOFR + 9.00%

6/4/2029

USD

11,527

(a) (b) (d)

TIBCO Software Inc

TL 1L B 10/24

SOFR + 3.75%

3/21/2031

USD

2,205

2,223

TIBCO Software Inc

TL 1L B 11/24

SOFR + 3.50%

3/30/2029

USD

6,864

6,917

Unit4 NV

TL 1L 04/21 EUR

EURIBOR + 3.50%

6/29/2028

EUR

1,586

1,653

Automotive Parts & Equipment - 4.59%

Belron Finance Ltd

TL 1L B 09/24

SOFR + 2.75%

10/16/2031

USD

541

546

Clarios Global LP

TL 1L B 01/25 EUR

EURIBOR + 3.25%

1/15/2032

EUR

746

776

Innovative XCessories & Services LLC

TL 1L 02/20

SOFR + 4.25%

3/5/2027

USD

8,608

8,609

Parts Authority Inc

TL 1L 10/20

SOFR + 3.75%

10/28/2027

USD

6,660

5,884

Parts Europe SA

TL 1L 10/24 EUR

EURIBOR + 3.25%

2/2/2031

EUR

637

667

Broadcasting - 4.34%

NEP Broadcasting LLC

TL 1L 12/23 (2020 A&E)

1.50% PIK, SOFR + 8.25%

6/1/2026

USD

1,612

1,645

(b) (d)

NEP Broadcasting LLC

TL 1L B 12/23 (2019 A&E EUR)

1.50% PIK, EURIBOR + 3.50%

8/19/2026

EUR

8,285

7,514

(d)

NEP Broadcasting LLC

TL 1L B 12/23 (2019 A&E)

1.50% PIK, SOFR + 3.25%

8/19/2026

USD

486

439

(d)

NEP Broadcasting LLC

TL 2L 09/18

SOFR + 7.00%

10/19/2026

USD

7,495

5,986

Broadline Retail - 0.55%

AutoScout24 GmbH

TL 1L B 10/24 EUR

EURIBOR + 3.75%

12/10/2031

EUR

1,894

1,979

Building Products - 0.39%

DiversiTech Holdings Inc

TL 2L B 12/21

SOFR + 6.75%

12/21/2029

USD

1,381

1,399

Cable & Satellite - 2.11%

Astound Broadband (RCN/Radiate)

TL 1L B 10/21

SOFR + 3.25%

9/25/2026

USD

7,388

6,638

(a)

Virgin Media Inc

TL 1L 09/19

SOFR + 2.50%

1/31/2028

USD

947

934

Casinos & Gaming - 0.59%

Entain PLC

TL 1L B 04/24

SOFR + 2.75%

10/31/2029

USD

389

391

Tackle Sarl

TL 1L 04/21 EUR

EURIBOR + 3.50%

5/22/2028

EUR

1,659

1,728

Commercial Printing - 2.08%

Multi-Color Corp

TL 1L B 10/21 EUR

EURIBOR + 5.00%

10/29/2028

EUR

7,808

7,469

Commodity Chemicals - 5.08%

Plaskolite, LLC

TL 1L 04/21

SOFR + 4.00%

12/15/2025

USD

14,542

14,023

SI Group Inc

TL 1L B-1A 09/24

0.75% PIK, SOFR + 4.75%

10/16/2028

USD

1,758

1,292

(d)

SI Group Inc

TL 1L B-1B 09/24

0.75% PIK, SOFR + 4.75%

10/16/2028

USD

3,937

2,893

(d)

Construction & Engineering - 0.75%

Brand Energy & Infrastructure Services Inc

TL 1L B 04/24

SOFR + 4.50%

8/1/2030

USD

2,736

2,701

Construction Machinery & Heavy Transportation Equipment - 0.66%

Accuride Corp

TL 1L 10/24 DIP Financing

10.00% PIK

4/19/2025

USD

1,872

1,557

(a) (b) (d)

Accuride Corp

TL 1L B 07/23

5/18/2026

USD

5,564

(a) (b) (e)

Accuride Corp

TL 1L DD 10/24

SOFR + 10.00%

4/19/2025

USD

962

800

(a) (b) (h)

Construction Materials - 0.25%

Quimper AB

TL 1L B 11/24 EUR

EURIBOR + 3.75%

3/31/2030

EUR

857

894

Consumer Finance - 0.15%

Edelman Financial Engines Center LLC/The

TL 1L B 12/24

SOFR + 3.00%

4/7/2028

USD

544

549

Consumer Staples Merchandise Retail - 0.46%

Morrisons (Market Bidco Limited)

TL 1L 10/24 EUR

EURIBOR + 4.50%

11/4/2030

EUR

1,603

1,665

Data Processing & Outsourced Services - 1.71%

West Corp

TL 1L B3 01/23

SOFR + 4.00%

4/10/2027

USD

8,712

6,123

Diversified Chemicals - 0.15%

Hexion International Cooperatief UA

TL 1L 12/24

SOFR + 4.00%

3/15/2029

USD

544

546

Diversified Metals & Mining - 0.54%

Foresight Energy LLC

TL 1L A 06/20

SOFR + 8.00%

6/30/2027

USD

2,118

1,953

(a) (b)

Diversified Support Services - 0.26%

Legence Holdings LLC (aka Therma)

TL 1L 09/21

SOFR + 3.50%

12/16/2027

USD

922

928

Education Services - 0.67%

IU Finance Management GmbH

TL 1L B 11/24 EUR

EURIBOR + 3.75%

12/8/2031

EUR

1,215

1,265

Markermeer Finance BV

TL 1L B 01/20 EUR

EURIBOR + 3.00%

1/29/2027

EUR

1,113

1,150

Electronic Components - 0.39%

CommScope Inc

TL 1L 12/24

SOFR + 5.50%

12/17/2029

USD

1,363

1,396

Environmental & Facilities Services - 1.57%

Brock Group LLC/The

TL 1L B 04/24

SOFR + 6.00%

5/2/2030

USD

5,603

5,638

Financial Exchanges & Data - 0.15%

IntraFi Network LLC

TL 1L 07/24

SOFR + 4.00%

7/31/2031

USD

545

547

Health Care Equipment - 3.04%

Drive DeVilbiss Healthcare LLC

TL 1L 03/21

4.00% PIK, SOFR + 5.50%

6/1/2026

USD

7,943

7,903

(a) (d)

Drive DeVilbiss Healthcare LLC

TL 1L 09/22 PIK

9.00% PIK, SOFR + 1.00%

6/1/2026

USD

1,172

1,180

(a) (b) (d)

Siemens Audiology Solutions

TL 1L B3 09/24

EURIBOR + 4.00%

2/28/2029

EUR

759

791

Viant Medical Holdings Inc

TL 1L 10/24

SOFR + 4.00%

10/29/2031

USD

998

1,014

Health Care Facilities - 0.93%

Independent Vetcare Ltd

TL 1L 01/24

EURIBOR + 4.00%

11/20/2028

EUR

759

789

LifePoint Hospitals Inc

TL 1L B 09/24

SOFR + 3.75%

5/17/2031

USD

286

Mehilainen Oy

TL 1L B5 07/24 EUR

EURIBOR + 4.00%

8/5/2031

EUR

1,237

1,292

ScionHealth

TL 1L B 12/21

SOFR + 5.25%

12/23/2028

USD

1,694

979

Health Care Services - 1.13%

Affidea BV

TL 1L B 02/24 EUR

EURIBOR + 4.50%

7/22/2029

EUR

1,190

1,240

CHG Healthcare Services Inc

TL 1L B1 12/24

SOFR + 3.00%

9/29/2028

USD

904

912

Inizio Group Ltd

TL 1L B 08/21 EUR

EURIBOR + 4.00%

8/19/2028

EUR

762

790

Paradigm Acquisition Corp

TL 1L B 10/24

SOFR + 3.25%

5/6/2031

USD

Sotera Health Holdings LLC

TL 1L 05/24

SOFR + 3.25%

5/30/2031

USD

546

548

Southern Veterinary Partners LLC

TL 1L 10/24

SOFR + 3.25%

12/4/2031

USD

542

547

Health Care Supplies - 0.46%

Cooper Consumer Health SASU

TL 1L B 04/21 EUR

EURIBOR + 3.75%

11/6/2028

EUR

1,600

1,667

Health Care Technology - 1.44%

Milano Acquisition Corp

TL 1L 08/20

SOFR + 4.00%

10/1/2027

USD

4,828

4,609

Zelis Healthcare Corp

TL 1L B 01/24

SOFR + 2.75%

9/28/2029

USD

546

548

Hotels, Resorts & Cruise Lines - 1.38%

B&B Hotels SAS

TL 1L B6 01/25 EUR

EURIBOR + 3.75%

3/21/2031

EUR

2,054

2,138

HNVR Holdco Ltd

TL 1L B-3 03/24 EUR

EURIBOR + 4.25%

9/12/2028

EUR

735

766

Playa Resorts Holding BV

TL 1L B 11/22

SOFR + 2.75%

1/5/2029

USD

1,258

1,264

Travel + Leisure Co

TL 1L B 12/24

SOFR + 2.50%

12/14/2029

USD

762

765

Human Resource & Employment Services - 0.58%

SIRVA Worldwide Inc

TL 1L 08/24

SOFR + 8.00%

2/20/2029

USD

302

(a) (b)

SIRVA Worldwide Inc

TL 1L 08/24

5.00% PIK, SOFR + 3.00%

8/20/2029

USD

1,287

(a) (b) (d)

SIRVA Worldwide Inc

TL 1L DD 08/24

SOFR + 8.00%

2/20/2029

USD

749

474

(a) (b) (h)

Industrial Machinery & Supplies & Components - 0.23%

Engineered Machinery Holdings Inc

TL 2L 08/21

SOFR + 6.00%

5/21/2029

USD

290

292

ProMach Group Inc

TL 1L B 08/24

SOFR + 3.50%

8/31/2028

USD

540

545

Insurance Brokers - 1.13%

Ardonagh Group Ltd/The

TL 1L B 06/24 EUR

EURIBOR + 4.25%

2/15/2031

EUR

2,365

2,461

Howden Group Holdings Ltd

TL 1L 11/24 EUR

EURIBOR + 3.50%

2/15/2031

EUR

1,512

1,577

Internet Services & Infrastructure - 0.47%

team.blue Finco SARL

TL 1L 06/24 EUR

EURIBOR + 3.70%

9/30/2029

EUR

1,602

1,668

IT Consulting & Other Services - 1.18%

Sabre Inc

TL 1L B1 06/21

SOFR + 3.50%

12/17/2027

USD

Sabre Inc

TL 1L B1 11/24

SOFR + 6.00%

11/15/2029

USD

4,148

4,158

Sabre Inc

TL 1L B2 06/21

SOFR + 3.50%

12/17/2027

USD

Sabre Inc

TL 1L B2 11/24

SOFR + 6.00%

11/15/2029

USD

Leisure Facilities - 6.35%

Aimbridge Acquisition Co Inc

TL 1L B 09/20

2/2/2026

USD

2,236

1,420

(a) (e)

Aimbridge Acquisition Co Inc

TL 1L B 10/19

2/2/2026

USD

9,809

6,245

(a) (e)

ClubCorp Club Operations Inc

TL 1L 10/23

SOFR + 5.00%

9/18/2026

USD

11,174

11,237

World Choice Investments LLC

TL 1L B 07/24

SOFR + 4.75%

8/13/2031

USD

3,864

3,883

Leisure Products - 0.80%

Topgolf Callaway Brands Corp

TL 1L B 03/23

SOFR + 3.00%

3/15/2030

USD

2,867

2,868

Life Sciences Tools & Services - 0.17%

Clinigen Ltd

TL 1L B 06/24

EURIBOR + 4.25%

4/13/2029

EUR

592

616

Oil & Gas Equipment & Services - 0.57%

WaterBridge NDB Operating LLC

TL 1L B 04/24

SOFR + 4.00%

5/10/2029

USD

2,001

2,027

Oil & Gas Storage & Transportation - 1.67%

Brazos Midstream Holdings LLC

TL 1L B 04/24

SOFR + 3.50%

2/11/2030

USD

1,033

1,043

NGL Energy Partners LP / NGL Energy Finance Corp

TL 1L B 01/24

SOFR + 3.75%

2/3/2031

USD

1,218

1,225

UGI Energy Services LLC

TL 1L B 06/24

SOFR + 2.50%

2/22/2030

USD

929

938

WaterBridge Midstream Operating LLC

TL 1L B 06/24

SOFR + 4.75%

6/27/2029

USD

2,771

2,778

Packaged Foods & Meats - 0.47%

Valeo Foods Group Ltd

TL 1L 05/21 EUR

EURIBOR + 3.75%

9/29/2028

EUR

1,609

1,671

Pharmaceuticals - 1.08%

Antigua Bidco Ltd

TL 1L 05/24 EUR

EURIBOR + 4.25%

2/28/2030

EUR

1,244

1,284

Dechra Pharmaceuticals Ltd

TL 1L B 12/24 (EUR)

EURIBOR + 3.50%

12/4/2031

EUR

1,560

1,627

Nidda Healthcare Holding AG

TL 1L B2 06/24 EUR

EURIBOR + 4.00%

2/21/2030

EUR

906

946

(a)

Publishing - 0.41%

Emerald Expositions Holding Inc

TL 1L B 01/25

SOFR + 3.75%

1/23/2032

USD

1,475

1,485

Renewable Electricity - 1.32%

WIN Waste Innovations

TL 1L B 03/21

SOFR + 2.75%

3/24/2028

USD

4,868

4,746

Soft Drinks & Non-alcoholic Beverages - 0.08%

Triton Water Holdings Inc

TL 1L B 03/21

SOFR + 3.25%

3/31/2028

USD

285

287

Specialized Finance - 0.18%

Alter Domus Sarl

TL 1L B 05/24

SOFR + 3.50%

10/30/2031

USD

649

657

Alter Domus Sarl

TL 1L DD 05/24

SOFR + 3.50%

10/30/2031

USD

(h)

Specialty Chemicals - 5.27%

Champion/DSM engg

TL 1L B1 03/23

EURIBOR + 5.50%

3/29/2030

EUR

1,441

1,466

Champion/DSM engg

TL 1L B1 03/23 (USD)

SOFR + 5.50%

3/29/2030

USD

5,521

5,344

Flint Group GmbH

TL 1L 09/23 PIK (HoldCo) EUR

6.90% PIK, EURIBOR + 0.10%

12/31/2027

EUR

406

369

(d)

Flint Group GmbH

TL 2L B 09/23 PIK (HoldCo) EUR

6.90% PIK, EURIBOR + 0.10%

12/31/2027

EUR

339

(d)

Solenis International LP

TL 1L B 05/24 EUR

EURIBOR + 3.75%

6/20/2031

EUR

493

515

Vantage Specialty Chemicals Inc

TL 1L B 02/23

SOFR + 4.75%

10/26/2026

USD

11,250

11,132

(a)

Systems Software - 1.48%

Precisely Software Inc

TL 1L B 10/21

SOFR + 4.00%

4/24/2028

USD

553

550

Precisely Software Inc

TL 2L 03/21

SOFR + 7.25%

4/23/2029

USD

2,401

2,355

Seine Holdco SAS

TL 1L 11/23 Add-on Eur

EURIBOR + 3.50%

1/11/2031

EUR

1,413

1,470

SolarWinds Holdings Inc

TL 1L B 06/24

SOFR + 2.75%

2/5/2030

USD

934

941

Trading Companies & Distributors - 0.59%

FleetPride Corporation

TL 2L 01/19

SOFR + 8.75%

12/21/2026

USD

2,156

2,102

Wireless Telecommunication Services - 0.22%

Odido Holding BV

TL 1L B 10/21 EUR

EURIBOR + 3.90%

3/30/2029

EUR

758

792

TOTAL LEVERAGED LOANS (Amortized cost $271,888)

256,067

High Yield Securities - 68.37%

Alternative Carriers - 4.78%

iliad SA

8.500% 04/2031 (USD)

4/15/2031

USD

2,446

2,628

(f)

Level 3 Financing Inc

10.000% 10/2032

10/15/2032

USD

2,817

(f)

Level 3 Financing Inc

3.875% 10/2030

10/15/2030

USD

743

583

(f)

Level 3 Financing Inc

4.000% 04/2031

4/15/2031

USD

5,268

4,135

(f)

Zayo Group LLC

4.000% 03/2027

3/1/2027

USD

7,407

6,997

(f)

Application Software - 1.99%

Cision Ltd

9.500% 02/2028

2/15/2028

USD

6,449

2,999

(a) (f)

Dye & Durham Ltd

8.625% 04/2029

4/15/2029

USD

1,965

2,056

(f)

TIBCO Software Inc

9.000% 09/2029

9/30/2029

USD

2,044

2,095

(f)

Asset Management & Custody Banks - 0.46%

Hightower Holding LLC

9.125% 01/2030

1/31/2030

USD

1,564

1,650

(f)

Automotive Parts & Equipment - 0.80%

Garrett Motion Inc

7.750% 05/2032

5/31/2032

USD

650

663

(f)

Truck Hero Inc

6.250% 02/2029

2/1/2029

USD

2,535

2,207

(f)

Automotive Retail - 1.31%

Mavis Discount Tire Inc

6.500% 05/2029

5/15/2029

USD

4,846

4,703

(f)

Biotechnology - 0.39%

Immunocore Holdings PLC

2.500% 02/2030

2/1/2030

USD

1,643

1,408

(f)

Broadline Retail - 0.28%

Bubbles Bidco SPA

4.250% 09/2031 EUR FRN

9/30/2031

EUR

976

1,020

(f)

Building Products - 4.43%

Oldcastle Buildingenvelope Inc

9.500% 04/2030

4/15/2030

USD

8,863

8,610

(f)

PrimeSource Building Products Inc

5.625% 02/2029

2/1/2029

USD

4,654

4,000

(f)

PrimeSource Building Products Inc

6.750% 08/2029

8/1/2029

USD

3,680

3,270

(f)

Cable & Satellite - 6.86%

Block Communications Inc

4.875% 03/2028

3/1/2028

USD

4,570

4,283

(f)

Cable One Inc

0.000% 03/2026

3/15/2026

USD

6,731

6,344

(c)

Cable One Inc

4.000% 11/2030

11/15/2030

USD

3,983

3,260

(f)

Cablevision Lightpath LLC

5.625% 09/2028

9/15/2028

USD

6,266

5,896

(f)

CSC Holdings LLC (Altice USA)

11.750% 01/2029

1/31/2029

USD

608

605

(f)

CSC Holdings LLC (Altice USA)

4.125% 12/2030

12/1/2030

USD

5,589

4,225

(f)

Casinos & Gaming - 1.48%

Allwyn International AS

7.250% 04/2030

4/30/2030

EUR

997

1,104

(f)

Great Canadian Gaming Corp

8.750% 11/2029

11/15/2029

USD

4,056

4,213

(f)

Commercial Printing - 0.36%

Multi-Color Corp

9.500% 11/2028

11/1/2028

USD

1,302

1,281

(f)

Commodity Chemicals - 0.10%

Mativ Holdings Inc

8.000% 10/2029

10/1/2029

USD

384

366

(f)

Construction & Engineering - 4.07%

Brand Energy & Infrastructure Services Inc

10.375% 06/2029

8/1/2030

USD

5,146

5,309

(f)

Maxim Crane Works LP / Maxim Finance Corp

11.500% 09/2028

9/1/2028

USD

7,960

8,395

(f)

thyssenkrupp Elevator AG

6.625% 07/2028 SUN

7/15/2028

EUR

862

899

(f)

Consumer Staples Merchandise Retail - 0.31%

Morrisons (Market Bidco Limited)

4.750% 11/2027

11/4/2027

EUR

1,069

1,095

(f)

Diversified Banks - 0.43%

JPMorgan Chase & Co

6.500% 01/2030

Perpetual

USD

1,511

1,532

Diversified Chemicals - 2.73%

Chemours Co/The

4.625% 11/2029

11/15/2029

USD

3,236

2,876

(f)

Chemours Co/The

5.375% 05/2027

5/15/2027

USD

320

314

Chemours Co/The

5.750% 11/2028

11/15/2028

USD

3,022

2,870

(f)

Chemours Co/The

8.000% 01/2033

1/15/2033

USD

2,739

2,718

(f)

Fire BC SpA

10.000% 02/2028

2/6/2028

EUR

933

1,022

(f)

Diversified Support Services - 3.52%

Allied Universal Holdco LLC

6.000% 06/2029

6/1/2029

USD

3,079

2,852

(f)

Allied Universal Holdco LLC

9.750% 07/2027

7/15/2027

USD

3,552

3,577

(f)

Garda World Security Corp

8.250% 08/2032

8/1/2032

USD

2,515

2,589

(f)

Garda World Security Corp

8.375% 10/2032

11/15/2032

USD

2,793

2,886

(f)

Techem Energy Services GmbH/Germany

6.000% 07/2026

7/30/2026

EUR

710

738

(f)

Electronic Components - 1.79%

CommScope Inc

5.000% 03/2027

3/15/2027

USD

3,090

2,788

(f)

CommScope Inc

8.250% 03/2027

3/1/2027

USD

3,810

3,640

(f)

Food Retail - 0.34%

Irca SpA/Gallarate

3.750% 12/2029

12/15/2029

EUR

1,178

1,233

(f)

Health Care Technology - 0.86%

Teladoc Health Inc

1.250% 06/2027

6/1/2027

USD

3,437

3,073

Heavy Electrical Equipment - 0.29%

Innomotics GmbH

6.250% 10/2031

10/15/2031

EUR

997

1,058

(f)

Hotels, Resorts & Cruise Lines - 6.35%

Marriott Ownership Resorts Inc

0.000% 01/2026

1/15/2026

USD

1,180

1,132

(c)

NCL Corp Ltd

1.125% 02/2027

2/15/2027

USD

9,589

10,459

Sani/Ikos Financial Holdings 1 Sarl

7.250% 07/2030

7/31/2030

EUR

1,252

1,368

(f)

Viking Cruises Ltd

9.125% 07/2031

7/15/2031

USD

9,057

9,823

(f)

Household Products - 0.09%

Energizer Holdings Inc

6.500% 12/2027

12/31/2027

USD

313

318

(f)

Industrial Machinery & Supplies & Components - 3.10%

SPX FLOW Inc

8.750% 04/2030

4/1/2030

USD

10,681

11,109

(f)

Insurance Brokers - 0.75%

Ardonagh Group Ltd/The

6.875% 02/2031 (EUR)

2/15/2031

EUR

2,515

2,687

(f)

Interactive Media & Services - 0.37%

Kantar Group Ltd/The

5.750% 10/2026

10/31/2026

EUR

1,261

1,310

(f)

IT Consulting & Other Services - 1.32%

Centurion Bidco SpA

5.875% 09/2026

9/30/2026

EUR

1,034

1,073

(f)

Centurion Bidco SpA

8.625% 02/2030

2/15/2030

EUR

422

454

(f)

Sabre Inc

10.750% 11/2029

11/15/2029

USD

445

461

(f)

Sabre Inc

8.625% 06/2027

6/1/2027

USD

2,735

2,752

(f)

Leisure Facilities - 3.09%

Cedar Fair LP

5.375% 04/2027

4/15/2027

USD

433

431

Merlin Entertainments PLC

4.500% 11/2027

11/15/2027

EUR

2,000

2,010

(f)

Merlin Entertainments PLC

6.625% 11/2027

11/15/2027

USD

5,811

5,601

(f)

Merlin Entertainments PLC

7.375% 06/2030

6/15/2030

EUR

662

713

(f)

Merlin Entertainments PLC

8.375% 02/2032

2/15/2032

USD

2,306

2,322

(f)

Leisure Products - 0.27%

Inter Media and Communication SpA

6.750% 02/2027

2/9/2027

EUR

901

951

(f)

Marine Ports & Services - 0.81%

Direct ChassisLink Inc

7.750% 11/2029

11/15/2029

USD

2,839

2,922

(f)

Oil & Gas Equipment & Services - 0.16%

Archrock Partners LP / Archrock Partners Finance Corp

6.875% 04/2027

4/1/2027

USD

148

(f)

Aris Water (fka Solaris Midstream Holdings LLC)

7.625% 04/2026

4/1/2026

USD

421

423

(f)

Oil & Gas Exploration & Production - 0.19%

Sitio Royalties Corp

7.875% 11/2028

11/1/2028

USD

660

686

(f)

Oil & Gas Storage & Transportation - 2.81%

Genesis Energy

8.000% 01/2027

1/15/2027

USD

356

363

Genesis Energy

8.875% 04/2030

4/15/2030

USD

1,420

1,473

Global Partners LP / GLP Finance Corp

7.000% 08/2027

8/1/2027

USD

420

422

NGL Energy Partners LP / NGL Energy Finance Corp

8.125% 02/2029

2/15/2029

USD

2,580

2,650

(f)

NGL Energy Partners LP / NGL Energy Finance Corp

8.375% 02/2032

2/15/2032

USD

3,473

3,575

(f)

Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp

6.000% 03/2027

3/1/2027

USD

317

316

(f)

Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp

7.375% 02/2029

2/15/2029

USD

1,266

1,290

(f)

Packaged Foods & Meats - 0.30%

Chobani LLC

9.500% 10/2029 (PIK)

10/1/2029

USD

984

1,068

(d) (f)

Paper & Plastic Packaging Products & Materials - 1.12%

Novolex Holdings LLC

8.750% 04/2030

4/15/2030

USD

3,918

4,001

(f)

Paper Products - 0.55%

Fiber Bidco Spa

10.750% 06/2029 SUN

6/15/2029

EUR

1,826

1,970

(d) (f)

Passenger Airlines - 3.75%

JetBlue Airways Corp

0.500% 04/2026

4/1/2026

USD

12,846

12,070

OneSky Flight LLC (aka FlexJet Inc)

8.875% 12/2029

12/15/2029

USD

1,340

1,374

(f)

Pharmaceuticals - 0.19%

Nidda Healthcare Holding AG

7.500% 08/2026

8/21/2026

EUR

643

685

(a) (f)

Real Estate Services - 2.08%

Anywhere Real Estate Group LLC

0.250% 06/2026

6/15/2026

USD

8,312

7,479

Research & Consulting Services - 0.20%

Amentum Holdings Inc

7.250% 08/2032

8/1/2032

USD

711

721

(f)

Restaurants - 2.44%

Golden Nugget Inc.

6.750% 07/2030

1/15/2030

USD

9,274

8,743

(f)

Specialty Chemicals - 0.28%

Solenis International LP

9.625% 11/2028

11/15/2028

EUR

916

1,013

(f)

Trading Companies & Distributors - 0.57%

AerCap Holdings

6.500% 06/2045

6/15/2045

USD

2,029

2,030

(f)

TOTAL HIGH YIELD SECURITIES (Amortized cost $240,788)

245,278

Asset Backed Securities - 10.25%

Specialized Finance - 10.25%

AGL CLO 24 Ltd

AGL 2023-24A E

SOFR + 8.65%

7/25/2036

USD

1,250

1,293

(b) (f)

AGL CLO 5 Ltd

AGL 2020-5A ERR

SOFR + 6.09%

7/20/2034

USD

165

166

(b) (f)

Anchorage Capital Clo 20 Ltd

ANCHC 2021-20A ER

SOFR + 7.00%

1/20/2035

USD

536

(b) (f)

Anchorage Capital CLO 21 Ltd

ANCHC 2021-21A ER

SOFR + 6.25%

10/20/2034

USD

239

(b) (f)

Anchorage Capital CLO 6 Ltd

ANCHC 2015-6A ER3

SOFR + 7.29%

4/22/2034

USD

329

333

(b) (f)

Apidos CLO XLV Ltd

APID 2023-45A D

SOFR + 5.20%

4/26/2036

USD

392

396

(b) (f)

Ares Loan Funding V Ltd

ARES 2024-ALF5A E

SOFR + 6.60%

7/27/2037

USD

380

389

(b) (f)

Ares LXII CLO Ltd

ARES 2021-62A E

SOFR + 6.76%

1/25/2034

USD

387

391

(b) (f)

Ares XXVII CLO Ltd

ARES 2013-2A ER3

SOFR + 6.75%

10/28/2034

USD

490

496

(b) (f)

Ares XXXIX CLO Ltd

ARES 2016-39A ER3

SOFR + 6.75%

7/18/2037

USD

1,386

1,432

(b) (f)

Bain Capital Credit Clo 2019-3 Ltd

BCC 2019-3A ERR

SOFR + 6.85%

10/21/2034

USD

905

908

(b) (f)

Bain Capital Credit CLO 2020-2 Ltd

BCC 2020-2A ER

SOFR + 6.87%

7/19/2034

USD

158

157

(b) (f)

Barings CLO Ltd 2022-I

BABSN 2022-1A E

SOFR + 7.00%

4/15/2035

USD

443

441

(b) (f)

Battery Park CLO II Ltd

BATPK 2022-1A ER

SOFR + 7.22%

10/20/2037

USD

520

536

(b) (f)

Benefit Street Partners CLO XXXIV Ltd

BSP 2024-34A E

SOFR + 6.70%

7/25/2037

USD

323

333

(b) (f)

BlueMountain CLO XXVI Ltd

BLUEM 2019-26A ER

SOFR + 7.39%

10/20/2034

USD

430

434

(b) (f)

BlueMountain CLO XXVIII Ltd

BLUEM 2021-28A E

SOFR + 6.66%

4/15/2034

USD

575

(b) (f)

BlueMountain CLO XXXII Ltd

BLUEM 2021-32A ER

SOFR + 6.60%

10/15/2034

USD

514

(b) (f)

Brookhaven Park CLO Ltd

BROOKP 2024-1A E

SOFR + 6.50%

4/19/2037

USD

606

622

(b) (f)

Carbone Clo Ltd

CRBN 2017-1A C

SOFR + 2.60%

1/20/2031

USD

367

368

(b) (f)

Carlyle US CLO 2024-2 Ltd

CGMS 2024-2A E

SOFR + 6.85%

4/25/2037

USD

395

407

(b) (f)

Cedar Funding XVIII CLO Ltd

CEDF 2024-18A E

SOFR + 6.65%

4/23/2037

USD

532

547

(b) (f)

CIFC Funding 2022-II Ltd

CIFC 2022-2A ER

SOFR + 4.75%

4/19/2035

USD

289

(b) (f)

Clonmore Park CLO DAC

CLONP 1A ER

EURIBOR + 6.82%

8/21/2035

EUR

350

366

(b) (f)

Contego CLO XII DAC

CONTE 12A D

EURIBOR + 5.60%

1/25/2038

EUR

805

854

(b) (f)

CVC Cordatus Loan Fund XXXI DAC

CORDA 31A E

EURIBOR + 6.64%

6/15/2037

EUR

402

427

(b) (f)

CVC Cordatus Opportunity Loan Fund DAC

COLFR 1A E Mtge

EURIBOR + 6.31%

8/15/2033

EUR

356

371

(b) (f)

Dryden 113 CLO Ltd

DRSLF 2022-113A ER2

SOFR + 7.40%

10/15/2037

USD

674

684

(b) (f)

Dryden 87 CLO Ltd

DRSLF 2021-87A E

SOFR + 6.41%

5/20/2034

USD

491

493

(b) (f)

Fernhill Park CLO DAC

FRNPK 1A E

EURIBOR + 6.68%

4/15/2037

EUR

301

319

(b) (f)

Galaxy 33 CLO Ltd

GALXY 2024-33A E

SOFR + 6.65%

4/20/2037

USD

376

389

(b) (f)

Galaxy XXII CLO Ltd

GALXY 2016-22A ERRR

SOFR + 6.75%

4/16/2034

USD

319

321

(b) (f)

Galaxy XXV CLO Ltd

GALXY 2018-25A ER

SOFR + 6.50%

4/25/2036

USD

465

471

(b) (f)

Generate CLO Ltd

GNRT 2024-15A E

SOFR + 6.70%

7/20/2037

USD

388

401

(b) (f)

Glenbrook Park Clo DAC

GLNBR 1A D

EURIBOR + 5.75%

7/21/2036

EUR

500

520

(b) (f)

Golub Capital Partners CLO 53B Ltd

GCBSL 2021-53A E

SOFR + 6.70%

7/20/2034

USD

169

171

(b) (f)

Harvest CLO XXVIII DAC

HARVT 28A DR

EURIBOR + 3.60%

10/25/2034

EUR

273

284

(b) (f)

Henley CLO X DAC

HNLY 10A E

EURIBOR + 6.65%

7/20/2037

EUR

187

197

(b) (f)

HPS Loan Management 10-2016 Ltd

HLM 10A-16 DR3

SOFR + 6.45%

4/20/2034

USD

724

730

(b) (f)

Jamestown CLO XIV Ltd

JTWN 2019-14A DRR

SOFR + 5.65%

10/20/2034

USD

1,020

(b) (f)

Jamestown CLO XVI Ltd

JTWN 2021-16A ER

SOFR + 6.95%

7/25/2034

USD

541

545

(b) (f)

Madison Park Euro Funding XV DAC

MDPKE 15A DR

EURIBOR + 4.50%

7/15/2036

EUR

321

335

(b) (f)

Madison Park Funding XXXVI Ltd

MDPK 2019-36A ERR

SOFR + 5.60%

4/15/2035

USD

563

565

(b) (f)

Magnetite XXXI Ltd

MAGNE 2021-31A E

SOFR + 6.00%

7/15/2034

USD

1,500

1,519

(b) (f)

Marble Point CLO XVI Ltd

MP16 2019-2A ER

SOFR + 7.27%

11/16/2034

USD

684

687

(b) (f)

Neuberger Berman Loan Advisers Clo 44 Ltd

NEUB 2021-44A ER

SOFR + 5.15%

10/16/2035

USD

415

(b) (f)

Neuberger Berman Loan Advisers CLO 46 Ltd

NEUB 2021-46A ER

SOFR + 5.15%

1/20/2037

USD

940

(b) (f)

Neuberger Berman Loan Advisers CLO 55 Ltd

NEUB 2024-55A E

SOFR + 6.50%

4/22/2038

USD

343

355

(b) (f)

Oaktree CLO 2021-2 Ltd

OAKCL 2021-2A ER

SOFR + 4.50%

1/15/2035

USD

1,006

(b) (f)

Palmer Square European CLO 2021-1 DAC

PLMER 2021-1A E

EURIBOR + 5.71%

4/15/2034

EUR

460

480

(b) (f)

Palmer Square European CLO 2024-1 DAC

PLMER 2024-1A E

EURIBOR + 6.68%

5/15/2037

EUR

301

319

(b) (f)

Palmer Square European Loan Funding 2024-1 DAC

PSTET 2024-1A E

EURIBOR + 6.75%

8/15/2033

EUR

312

329

(b) (f)

Parallel 2021-1 Ltd

PARL 2021-1A ER

SOFR + 6.25%

7/15/2034

USD

336

(b) (f)

Penta CLO 12 DAC

PENTA 2022-12A ER

EURIBOR + 7.09%

5/9/2037

EUR

563

603

(b) (f)

Penta CLO 14 DAC

PENTA 2023-14A ER

EURIBOR + 6.35%

10/20/2037

EUR

340

364

(b) (f)

Penta CLO 16 DAC

PENTA 2024-16A E

EURIBOR + 6.79%

10/18/2036

EUR

362

384

(b) (f)

Penta CLO 5 DAC

PENTA 2018-5A ER

EURIBOR + 5.92%

4/20/2035

EUR

335

352

(b) (f)

Providus Clo X DAC

PRVD 10A E

EURIBOR + 6.74%

11/18/2038

EUR

304

323

(b) (f)

RAD CLO 21 Ltd

RAD 2023-21A E

SOFR + 7.90%

1/25/2033

USD

431

438

(b) (f)

RAD CLO 21 Ltd

RAD 2023-21A E1R

SOFR + 4.90%

1/25/2037

USD

431

(b) (f)

Rad CLO 4 Ltd

RAD 2019-4A ER

SOFR + 6.50%

4/25/2032

USD

419

423

(b) (f)

Regatta XXVIII Funding Ltd

REG28 2024-2A E

SOFR + 7.00%

4/25/2037

USD

376

386

(b) (f)

Rockford Tower CLO 2020-1 Ltd

Rockford Tower 2020-1 Refi Class ER

SOFR + 5.90%

1/20/2036

USD

374

(b) (f)

Romark Credit Funding II Ltd

RCF 2021-2A E

7.08%

10/25/2039

USD

1,200

1,113

(b) (f)

Sculptor CLO XXVIII Ltd

SCUL 28A ER

SOFR + 6.30%

1/20/2035

USD

717

(b) (f)

Shackleton 2019-XV CLO Ltd

SHACK 2019-15A D1R

SOFR + 3.45%

1/15/2032

USD

367

369

(b) (f)

TCW CLO 2022-1 Ltd

TCW 2022-1A E

SOFR + 6.89%

4/22/2033

USD

562

565

(b) (f)

Trinitas Clo XX Ltd

TRNTS 2022-20A E

SOFR + 8.15%

7/20/2035

USD

592

601

(b) (f)

Trinitas Euro CLO VII DAC

TRNTE 7A E

EURIBOR + 6.55%

7/25/2037

EUR

264

281

(b) (f)

Voya CLO 2019-3 Ltd

VOYA 2019-3A ER

SOFR + 6.76%

10/17/2032

USD

580

588

(b) (f)

Voya CLO 2021-1 Ltd

VOYA 2021-1A ER

SOFR + 5.75%

7/15/2034

USD

215

(b) (f)

Voya CLO 2022-1 Ltd

VOYA 2022-1A ER

SOFR + 6.90%

4/20/2035

USD

595

603

(b) (f)

TOTAL ASSET BACKED SECURITIES (Amortized cost $36,260)

36,781

Issuer

Asset

Currency

Fair Value

Footnotes

Equity & Other Investments - 0.94%

Broadline Retail - 0.57%

Belk Inc

Common Stock

USD

82,904

2,047

(a) (b) (e)

Construction & Engineering - 0.00%

Yak Access LLC

Common Stock

USD

9,358

(a) (e)

Diversified Metals & Mining - 0.17%

Foresight Energy LLC

Common Stock

USD

320,381

623

(a) (b) (e)

Human Resource & Employment Services - 0.06%

SIRVA Worldwide Inc

Common Stock (Class A)

USD

2,475

(a) (b) (e)

SIRVA Worldwide Inc

Common Stock (Class B)

USD

32,077

(a) (b) (e)

SIRVA Worldwide Inc

15.250% 08/2030 (Class A)

8/20/2030

USD

569

123

(a) (b) (d)

SIRVA Worldwide Inc

15.250% 08/2030 (Class B)

8/20/2030

USD

287

(a) (b) (d)

Oil & Gas Equipment & Services - 0.03%

Proserv Group Parent LLC

Preferred Stock

USD

36,249

(b) (e)

Health Care Facilities - 0.11%

Quorum Health Corp

Trade Claim

USD

3,964,000

412

(b) (e)

TOTAL EQUITY & OTHER INVESTMENTS (Cost $7,785)

3,388

TOTAL INVESTMENTS (Cost $555,721)

541,514

Money Market Funds - 12.77%

U.S. Government Securities - 12.77%

Morgan Stanley Institutional Liquidity Fund - Government Portfolio

Class IN

USD

45,800,476

45,800

(g)

TOTAL MONEY MARKET FUNDS (Cost $45,800)

45,800

TOTAL INVESTMENTS INCLUDING MONEY MARKET FUNDS (Cost $602,521) - 163.63%

587,314

LIABILITIES EXCEEDING OTHER ASSETS, NET - (63.63%)

(228,577)

NET ASSETS - 100.00%

358,737

Term loan.

Delayed draw term loan

First lien.

Second lien.

Perpetual

Security with no maturity date

EURIBOR

Euro Interbank Offered Rate as of January 31, 2025 was 2.66%

SOFR

Secured Overnight Financing Rate as of January 31, 2025 was 4.31%

(a)

Security considered restricted.

(b)

Value determined using significant unobservable inputs.

(c)

Zero coupon bond.

(d)

Represents a payment-in-kind (“PIK”) security which may pay interest/dividend in additional par/shares.

(e)

Non-income producing security.

(f)

Securities exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may only be resold to qualified institutional buyers in transactions exempt from registration.

(g)

The money market fund's average 7-day yield as of January 31, 2025 was 4.31%.

(h)

Investment is an unfunded or partially funded commitment.

The following are the details of the restricted securities held by the Fund:

Issuer	Asset	Par/Shares		Cost		Fair Value	Acquisition Date	% of Net Assets

Leveraged Loans
Solera LLC	TL 2L 06/21 PIK Toggle	11,527	$	11,334	$	11,527	6/4/2021	3.21%
Astound Broadband (RCN/Radiate)	TL 1L B 10/21	7,388		6,597		6,638	6/28/2023	1.85%
Accuride Corp	TL 1L 10/24 DIP Financing	1,872		1,872		1,557	10/11/2024	0.43%
Accuride Corp	TL 1L B 07/23	5,564		5,375		-	4/27/2023	0.00%
Accuride Corp	TL 1L DD 10/24	962		962		800	10/16/2024	0.22%
Foresight Energy LLC	TL 1L A 06/20	2,118		2,118		1,953	6/30/2020	0.54%
Drive DeVilbiss Healthcare LLC	TL 1L 03/21	7,943		7,908		7,903	4/23/2021	2.20%
Drive DeVilbiss Healthcare LLC	TL 1L 09/22 PIK	1,172		1,172		1,180	9/26/2022	0.33%
SIRVA Worldwide Inc	TL 1L 08/24	302		302		302	8/20/2024	0.08%
SIRVA Worldwide Inc	TL 1L 08/24	1,287		1,280		1,287	8/20/2024	0.36%
SIRVA Worldwide Inc	TL 1L DD 08/24	749		465		474	8/22/2024	0.13%
Aimbridge Acquisition Co Inc	TL 1L B 09/20	2,236		2,214		1,420	9/22/2020	0.40%
Aimbridge Acquisition Co Inc	TL 1L B 10/19	9,809		9,532		6,245	4/27/2023	1.74%
Nidda Healthcare Holding AG	TL 1L B2 06/24 EUR	906		1,016		946	4/27/2023	0.26%
Vantage Specialty Chemicals Inc	TL 1L B 02/23	11,250		10,955		11,132	3/13/2023	3.10%

High Yield Securities
Cision Ltd	9.500% 02/2028	6,449		6,644		2,999	11/8/2021	0.84%
Nidda Healthcare Holding AG	7.500% 08/2026	643		715		685	10/20/2023	0.19%

Equity & Other Investments
Belk Inc	Common Stock	82,904		1,362		2,047	7/22/2024	0.57%
Yak Access LLC	Common Stock	9,358		-		15	3/10/2023	0.00%
Foresight Energy LLC	Common Stock	320,381		3,666		623	6/30/2020	0.17%
SIRVA Worldwide Inc	Common Stock (Class A)	2,475		7		1	8/20/2024	0.00%
SIRVA Worldwide Inc	Common Stock (Class B)	32,077		37		11	8/20/2024	0.00%
SIRVA Worldwide Inc	15.250% 08/2030 (Class A)	569		578		123	8/20/2024	0.03%
SIRVA Worldwide Inc	15.250% 08/2030 (Class B)	287		125		62	8/20/2024	0.02%
Total			$	76,236	$	59,930