NPORT-P false 0001551949 XXXXXXXX Guggenheim Credit Allocation Fund 811-22715 0001551949 549300IU8SNGW5IIGZ97 227 West Monroe Street Chicago 60606 312-827-0100 Guggenheim Credit Allocation Fund 549300IU8SNGW5IIGZ97 2021-05-31 2021-02-28 N 283415939.71 95305517.18 188110422.53 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 86683616.85000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 EUR GBP USD N BARCLAYS CAPITAL INC. AC28XWWI3WIBK2824319 N/A -546159.25000000 PA USD -546159.25000000 -0.29033970720 Short RA CORP US N 2 Reverse repurchase N 0.43000000 N/A 625000.00000000 USD 578937.50000000 USD CDS N N N Canadian Imperial Bank of Commerce, Toronto Branch 2IGI19DL77OX0HC3ZE78 N/A -266563.34000000 PA USD -266563.34000000 -0.14170577919 Short RA CORP CA N 2 Reverse repurchase N 0.55000000 N/A 297000.00000000 USD 327828.60000000 USD CDS N N N J.P. MORGAN SECURITIES LLC ZBUT11V806EZRVTWT807 N/A -274035.13000000 PA USD -274035.13000000 -0.14567780259 Short RA CORP US N 2 Reverse repurchase N 0.50000000 N/A 350000.00000000 USD 384510.00000000 USD CDS N N N CATALOG INTERMEDIATE INC 4Q9DLX2VIFGJMOYJ4Y35 N/A 1687250.00000000 PA USD 1693577.19000000 0.900310130200 Long LON CORP US N 2 2026-12-04 Variable 4.25000000 N N N N N N BMO Capital Markets Corp., New York Branch RUC0QBLBRPRCU4W1NE59 N/A -1124777.75000000 PA USD -1124777.75000000 -0.59793483788 Short RA CORP US N 2 Reverse repurchase N 0.50000000 N/A 1250000.00000000 USD 1304875.00000000 USD CDS N N N CITADEL SECURITIES LP N/A N/A 650000.00000000 PA USD 646139.00000000 0.343489207726 Long LON CORP US N 2 2028-02-02 Variable 2.61000000 N N N N N N LCPR SR SECURED FIN DAC 549300LE5FM8IKMXSP90 50201DAA1 1600000.00000000 PA USD 1718000.00000000 0.913293360832 Long DBT CORP US N 2 2027-10-15 Fixed 6.75000000 N N N N N N KAISER ALUMINUM CORP N/A 483007AJ9 1800000.00000000 PA USD 1879074.00000000 0.998920726840 Long DBT CORP US N 2 2028-03-01 Fixed 4.62500000 N N N N N N ENDO DAC/FIN LLC/FINCO N/A 29273DAB6 181000.00000000 PA USD 203851.25000000 0.108367865670 Long DBT CORP US N 2 2027-07-31 Fixed 9.50000000 N N N N N N PT INTERMEDIATE HOLDINGS III LLC N/A N/A 371250.00000000 PA USD 364753.13000000 0.193903732230 Long LON CORP US N 2 2025-10-15 Variable 6.50000000 N N N N N N ASCEND PERFORMANCE MATERIALS HOLDINGS INC N/A N/A 296250.00000000 PA USD 300323.44000000 0.159652737982 Long LON CORP US N 3 2026-08-27 Variable 5.50000000 N N N N N N CHG HEALTHCARE SERVICES INC N/A N/A 890771.01230000 PA USD 890450.33000000 0.473365759336 Long LON CORP US N 2 2023-06-07 Variable 4.00000000 N N N N N N BOXER PARENT CO INC 5493006T045HLTF7YX04 103186AB8 1150000.00000000 PA USD 1244875.00000000 0.661778854811 Long DBT CORP US N 2 2025-10-02 Fixed 7.12500000 N N N N N N Citigroup Global Markets Inc. MBNUM2BPBDO7JBLYG310 N/A -926664.92000000 PA USD -926664.92000000 -0.49261753152 Short RA CORP US N 2 Reverse repurchase N 0.55000000 N/A 1050000.00000000 USD 1136625.00000000 USD CDS N N N CARPENTER TECHNOLOGY DX6I6ZD3X5WNNCDJKP85 144285AL7 1850000.00000000 PA USD 2034456.38000000 1.081522412547 Long DBT CORP US N 2 2028-07-15 Fixed 6.37500000 N N N N N N Colicity Inc N/A 194170205 77778.00000000 NS USD 804224.52000000 0.427527889833 Long EC CORP US N 1 N N N ONEMAIN FINANCE CORP 5493008I795YYBFWFU90 85172FAN9 1100000.00000000 PA USD 1270500.00000000 0.675401172838 Long DBT CORP US N 2 2026-03-15 Fixed 7.12500000 N N N N N N SIWF HOLDINGS INC N/A N/A 2900000.00000000 PA USD 2863750.00000000 1.522377102493 Long LON CORP US N 2 2026-06-15 Variable 8.61000000 N N N N N N AMN HEALTHCARE INC 549300H27NUKBFFQEE84 00175PAB9 725000.00000000 PA USD 752187.50000000 0.399864871857 Long DBT CORP US N 2 2027-10-01 Fixed 4.62500000 N N N N N N CCC Information Services, Inc. N/A N/A -292500.00000000 PA USD -0.03000000 -0.00000001594 Short LON CORP NL N 3 2022-04-27 Variable 0.50000000 N N N N N N HAWK HOLDING COMPANY LLC 549300C5O4FSVNUEI843 N/A 296938.76780000 PA USD 294711.73000000 0.156669538049 Long LON CORP US N 2 2024-07-31 Variable 2.86000000 N N N N N N GOLD INTERMEDIATE HOLDINGS LLC N/A N/A 3000000.00000000 PA USD 2940000.00000000 1.562911804916 Long LON CORP US N 3 2025-02-28 Variable 9.75000000 N N N N N N Canadian Imperial Bank of Commerce, Toronto Branch 2IGI19DL77OX0HC3ZE78 N/A -1247826.64000000 PA USD -1247826.64000000 -0.66334795447 Short RA CORP CA N 2 Reverse repurchase N 0.55000000 N/A 1519000.00000000 USD 1547557.20000000 USD CDS N N N WOLVERINE WORLD WIDE 549300OVC7PK14LQ8D87 978097AF0 1000000.00000000 PA USD 1068750.00000000 0.568150337246 Long DBT CORP US N 2 2025-05-15 Fixed 6.37500000 N N N N N N CREDIT SUISSE SECURITIES (USA) LLC 1V8Y6QCX6YMJ2OELII46 N/A -1284451.83000000 PA USD -1284451.83000000 -0.68281800270 Short RA CORP US N 2 Reverse repurchase N 0.45000000 N/A 1600000.00000000 USD 1718080.00000000 USD CDS N N N LEGENDS HOSPITALITY HOLD N/A 52473NAA6 575000.00000000 PA USD 585062.50000000 0.311020778185 Long DBT CORP US N 2 2026-02-01 Fixed 5.00000000 N N N N N N HOUGHTON MIFFLIN HARCOUR 549300DDRF1LRKBXUN11 44157TAA3 800000.00000000 PA USD 848000.00000000 0.450799051214 Long DBT CORP US N 2 2025-02-15 Fixed 9.00000000 N N N N N N MAUSER PACKAGING SOLUT 549300DNGHXL0OMHW304 57763RAA5 750000.00000000 PA USD 772500.00000000 0.410663050781 Long DBT CORP US N 2 2024-04-15 Fixed 8.50000000 N N N N N N J.P. MORGAN SECURITIES LLC ZBUT11V806EZRVTWT807 N/A -210682.50000000 PA USD -210682.50000000 -0.11199937630 Short RA CORP US N 2 Reverse repurchase N 0.50000000 N/A 250000.00000000 USD 273450.00000000 USD CDS N N N SOLERA PARENT HOLDING LLC N/A N/A 1000000.00000000 PA USD 986288.55000000 0.524313611513 Long LON CORP US N 3 2022-12-02 Variable 4.50000000 N N N N N N LAMAR MEDIA CORP N/A 513075BX8 400000.00000000 PA USD 395252.00000000 0.210117012488 Long DBT CORP US N 2 2031-01-15 Fixed 3.62500000 N N N N N N GLOBAL PART/GLP FINANCE N/A 37954FAJ3 400000.00000000 PA USD 432825.00000000 0.230090919035 Long DBT CORP US N 2 2029-01-15 Fixed 6.87500000 N N N N N N RBC Capital Markets, LLC 549300LCO2FLSSVFFR64 N/A -2419642.07000000 PA USD -2419642.07000000 -1.28628814791 Short RA CORP US N 2 Reverse repurchase N 0.50000000 N/A 2800000.00000000 USD 2985360.00000000 USD CDS N N N CREDIT SUISSE SECURITIES (USA) LLC 1V8Y6QCX6YMJ2OELII46 N/A -777875.91000000 PA USD -777875.91000000 -0.41352089880 Short RA CORP US N 2 Reverse repurchase N 0.50000000 N/A 843000.00000000 USD 979144.50000000 USD CDS N N N CUSHMAN & WAKEFIELD US N/A 23166MAA1 1300000.00000000 PA USD 1405365.00000000 0.747095764869 Long DBT CORP US N 2 2028-05-15 Fixed 6.75000000 N N N N N N BC CYAN PARENT INC N/A N/A 391875.00000000 PA USD 344195.57000000 0.182975278759 Long LON CORP US N 2 2023-02-17 Variable 7.50000000 N N N N N N FIRST REPUBLIC BANK YWC0TIKBQM2JV8L4IV08 33616C761 30000.00000000 NS USD 732600.00000000 0.389452104857 Long EP CORP US N 2 N N N NIELSEN FINANCE LLC/CO N/A 65409QBF8 1350000.00000000 PA USD 1459687.50000000 0.775973750081 Long DBT CORP US N 2 2030-10-01 Fixed 5.87500000 N N N N N N BMO Capital Markets Corp., New York Branch RUC0QBLBRPRCU4W1NE59 N/A -560915.53000000 PA USD -560915.53000000 -0.29818418482 Short RA CORP US N 2 Reverse repurchase N 0.50000000 N/A 600000.00000000 USD 646980.00000000 USD CDS N N N RBC Capital Markets, LLC 549300LCO2FLSSVFFR64 N/A -259673.00000000 PA USD -259673.00000000 -0.13804285616 Short RA CORP US N 2 Reverse repurchase N 0.50000000 N/A 300000.00000000 USD 313500.00000000 USD CDS N N N TEXGEN POWER LLC N/A N/A 46457.00000000 NS USD 1811823.00000000 0.963169916707 Long EC CORP US N 2 N N N BMO Capital Markets Corp., New York Branch RUC0QBLBRPRCU4W1NE59 N/A -477415.34000000 PA USD -477415.34000000 -0.25379526215 Short RA CORP US N 2 Reverse repurchase N 0.50000000 N/A 500000.00000000 USD 544400.00000000 USD CDS N N N Gores Holdings VI Inc. N/A N/A 10610.00000000 NS USD 63447.80000000 0.033729018917 N/A DE US N 1 Gores Holdings VI Inc. N/A Call Purchased N/A Gores Holdings VI Inc. 10610 11.50000000 USD 2027-08-24 XXXX 29342.65000000 N N N DELTA AIR LINES/SKYMILES N/A 830867AB3 350000.00000000 PA USD 387086.60000000 0.205776264171 Long DBT CORP US N 2 2028-10-20 Fixed 4.75000000 N N N N N N Turbine Engine Securitization 635400OU6URHWIXP2J82 89989FAB0 202395.71120000 PA USD 139719.43000000 0.074275219905 Long ABS-O CORP BM Y 2 2048-12-13 Fixed 6.37500000 N N N N N N CREDIT SUISSE SECURITIES (USA) LLC 1V8Y6QCX6YMJ2OELII46 N/A -1178006.98000000 PA USD -1178006.98000000 -0.62623163786 Short RA CORP US N 2 Reverse repurchase N 0.50000000 N/A 1500000.00000000 USD 1537500.00000000 USD CDS N N N Canadian Imperial Bank of Commerce, Toronto Branch 2IGI19DL77OX0HC3ZE78 N/A -715673.48000000 PA USD -715673.48000000 -0.38045392189 Short RA CORP CA N 2 Reverse repurchase N 0.55000000 N/A 780000.00000000 USD 850200.00000000 USD CDS N N N BOYNE USA INC N/A 103557AA2 1200000.00000000 PA USD 1248264.00000000 0.663580456208 Long DBT CORP US N 2 2025-05-01 Fixed 7.25000000 N N N N N N HAH GROUP HOLDING COMPANY LLC N/A N/A 980000.00000000 PA USD 981225.00000000 0.521621814890 Long LON CORP US N 2 2027-10-29 Variable 6.00000000 N N N N N N FAGE INTL / FAGE USA N/A 30257WAA4 3500000.00000000 PA USD 3609375.00000000 1.918753331928 Long DBT CORP LU N 2 2026-08-15 Fixed 5.62500000 N N N N N N CREDIT SUISSE SECURITIES (USA) LLC 1V8Y6QCX6YMJ2OELII46 N/A -502653.56000000 PA USD -502653.56000000 -0.26721196690 Short RA CORP US N 2 Reverse repurchase N 0.45000000 N/A 637000.00000000 USD 640503.50000000 USD CDS N N N BARCLAYS CAPITAL INC. AC28XWWI3WIBK2824319 N/A -720945.09000000 PA USD -720945.09000000 -0.38325632376 Short RA CORP US N 2 Reverse repurchase N 0.50000000 N/A 790000.00000000 USD 799875.00000000 USD CDS N N N QUIRCH FOODS HOLDINGS LLC N/A N/A 1000000.00000000 PA USD 1010420.00000000 0.537141954395 Long LON CORP US N 2 2027-10-27 Variable 6.25000000 N N N N N N CELTIC INTERMEDIATE CORP N/A N/A 118845.54000000 PA USD 118677.97000000 0.063089523910 Long LON CORP US N 2 2026-03-09 Variable 4.25000000 N N N N N N Canadian Imperial Bank of Commerce, Toronto Branch 2IGI19DL77OX0HC3ZE78 N/A -563521.82000000 PA USD -563521.82000000 -0.29956969551 Short RA CORP CA N 2 Reverse repurchase N 0.54700000 N/A 700000.00000000 USD 686000.00000000 USD CDS N N N GREEN ENERGY PARTNERS/STONEWALL LLC N/A N/A 510798.72240000 PA USD 475042.81000000 0.252534018908 Long LON CORP US N 2 2021-11-13 Variable 6.50000000 N N N N N N ALTICE FRANCE SA 5493001ZMCICV4N02J21 02156LAE1 775000.00000000 PA USD 779274.13000000 0.414264196273 Long DBT CORP FR N 2 2029-01-15 Fixed 5.12500000 N N N N N N CVR ENERGY INC 529900SOYZIXZBTXB558 12662PAD0 900000.00000000 PA USD 891751.50000000 0.474057464762 Long DBT CORP US N 2 2028-02-15 Fixed 5.75000000 N N N N N N ATD CORP HZ8T88YVE2JVXJ0BTQ24 N/A 147285.77720000 PA USD 143512.32000000 0.076291530298 Long LON CORP US N 2 2024-09-02 Variable 8.50000000 N N N N N N Canadian Imperial Bank of Commerce, Toronto Branch 2IGI19DL77OX0HC3ZE78 N/A -232864.45000000 PA USD -232864.45000000 -0.12379135981 Short RA CORP CA N 2 Reverse repurchase N 0.55000000 N/A 270000.00000000 USD 287874.00000000 USD CDS N N N RBC Capital Markets, LLC 549300LCO2FLSSVFFR64 N/A -230137.50000000 PA USD -230137.50000000 -0.12234170595 Short RA CORP US N 2 Reverse repurchase N 0.50000000 N/A 245000.00000000 USD 284567.50000000 USD CDS N N N Canadian Imperial Bank of Commerce, Toronto Branch 2IGI19DL77OX0HC3ZE78 N/A -869982.55000000 PA USD -869982.55000000 -0.46248503315 Short RA CORP CA N 2 Reverse repurchase N 0.55000000 N/A 1022000.00000000 USD 1063084.40000000 USD CDS N N N CHEF HOLDINGS INC N/A N/A 20.00000000 NS USD 1281.60000000 0.000681301962 Long EC CORP US N 3 N N N CENGAGE LEARNING INC 549300BYGM0FWUSVXJ88 15137NAA1 3560000.00000000 PA USD 3533300.00000000 1.878311659970 Long DBT CORP US N 2 2024-06-15 Fixed 9.50000000 N N N N N N WABASH NATIONAL CORP 5299004ZAWHQZI5XO485 929566AJ6 1250000.00000000 PA USD 1273437.50000000 0.676962755637 Long DBT CORP US N 2 2025-10-01 Fixed 5.50000000 N N N N N N AMSTED INDUSTRIES N2VLGYMEEBIU3PFSUY86 032177AJ6 700000.00000000 PA USD 732165.00000000 0.389220857702 Long DBT CORP US N 2 2030-05-15 Fixed 4.62500000 N N N N N N VIPER ENERGY PARTNERS LP 5299009LINL232255G03 92763MAA3 200000.00000000 PA USD 210500.00000000 0.111902358821 Long DBT CORP US N 2 2027-11-01 Fixed 5.37500000 N N N N N N BMO Capital Markets Corp., New York Branch RUC0QBLBRPRCU4W1NE59 N/A -378582.93000000 PA USD -378582.93000000 -0.20125569062 Short RA CORP US N 2 Reverse repurchase N 0.50000000 N/A 420000.00000000 USD 439278.00000000 USD CDS N N N RATTLER MIDSTREAM LP 549300I45NRVEEN9M219 75419TAA1 400000.00000000 PA USD 417000.00000000 0.221678307023 Long DBT CORP US N 2 2025-07-15 Fixed 5.62500000 N N N N N N CELTIC INTERMEDIATE CORP N/A N/A 8611.18000000 PA USD 8599.04000000 0.004571272492 Long LON CORP US N 2 2026-03-09 Variable 4.51000000 N N N N N N BMO Capital Markets Corp., New York Branch RUC0QBLBRPRCU4W1NE59 N/A -584489.88000000 PA USD -584489.88000000 -0.31071637187 Short RA CORP US N 2 Reverse repurchase N 0.50000000 N/A 650000.00000000 USD 674375.00000000 USD CDS N N N Dreyfus Treasury Securities Ca 549300U78VESCW509025 N/A 1025555.13000000 NS USD 1025555.13000000 0.545187829683 Long STIV RF US N 1 N N N ENERSYS 7ZS3DE5PN30BYUJFWP05 29275YAC6 325000.00000000 PA USD 342062.50000000 0.181841333084 Long DBT CORP US N 2 2027-12-15 Fixed 4.37500000 N N N N N N VECTOR PHOENIX HOLDINGS (CAYMAN) LP 549300DDK3ZCQPZWVP70 N/A -253513.75000000 PA USD -2042.03000000 -0.00108554856 Short LON CORP US N 3 2023-07-15 Variable 0.37500000 N N N N N N PERATON CORP N/A N/A 307981.42000000 PA USD 309136.35000000 0.164337704334 Long LON CORP US N 2 2028-02-22 Variable 4.50000000 N N N N N N TRANSDIGM INC 88Q84GB3X55CF5OC7582 893647BK2 1750000.00000000 PA USD 1905312.50000000 1.012869183097 Long DBT CORP US N 2 2025-12-15 Fixed 8.00000000 N N N N N N PETSMART LLC N/A N/A 850000.00000000 PA USD 855576.00000000 0.454826472926 Long LON CORP US N 2 2028-02-11 Variable 4.25000000 N N N N N N ONEMAIN FINANCE CORP 5493008I795YYBFWFU90 85172FAS8 350000.00000000 PA USD 384510.00000000 0.204406536771 Long DBT CORP US N 2 2025-06-01 Fixed 8.87500000 N N N N N N SUMMIT MATERIALS LLC/FIN N/A 86614RAN7 325000.00000000 PA USD 344906.25000000 0.183353078134 Long DBT CORP US N 2 2029-01-15 Fixed 5.25000000 N N N N N N LPL HOLDINGS INC 549300Z5YF8CCRMYUL26 50212YAB0 200000.00000000 PA USD 206040.00000000 0.109531410981 Long DBT CORP US N 2 2025-09-15 Fixed 5.75000000 N N N N N N Canadian Imperial Bank of Commerce, Toronto Branch 2IGI19DL77OX0HC3ZE78 N/A -693642.31000000 PA USD -693642.31000000 -0.36874209343 Short RA CORP CA N 2 Reverse repurchase N 0.54700000 N/A 800000.00000000 USD 854000.00000000 USD CDS N N N Canadian Imperial Bank of Commerce, Toronto Branch 2IGI19DL77OX0HC3ZE78 N/A -441415.91000000 PA USD -441415.91000000 -0.23465786959 Short RA CORP CA N 2 Reverse repurchase N 0.55000000 N/A 540000.00000000 USD 535032.00000000 USD CDS N N N NCR CORP 549300YKTY8JX1DV2R67 62886EAV0 1050000.00000000 PA USD 1123500.00000000 0.597255582593 Long DBT CORP US N 2 2029-09-01 Fixed 6.12500000 N N N N N N SBA COMMUNICATIONS CORP 5299001HX8ZN8Y8QIT49 78410GAE4 1200000.00000000 PA USD 1172580.00000000 0.623346640887 Long DBT CORP US N 2 2029-02-01 Fixed 3.12500000 N N N N N N CHEPLAPHARM ARZNEIMITTEL 529900ONXKBELT7EW052 16412EAA5 1770000.00000000 PA USD 1805400.00000000 0.959755432855 Long DBT CORP DE N 2 2028-01-15 Fixed 5.50000000 N N N N N N BMO Capital Markets Corp., New York Branch RUC0QBLBRPRCU4W1NE59 N/A -245031.94000000 PA USD -245031.94000000 -0.13025962979 Short RA CORP US N 2 Reverse repurchase N 0.45000000 N/A 250000.00000000 USD 266550.00000000 USD CDS N N N PRESTIGE BRANDS INC 549300JBVP4J6D42I235 74112BAM7 300000.00000000 PA USD 294015.00000000 0.156299154531 Long DBT CORP US N 2 2031-04-01 Fixed 3.75000000 N N N N N N RBC Capital Markets, LLC 549300LCO2FLSSVFFR64 N/A -742873.17000000 PA USD -742873.17000000 -0.39491334930 Short RA CORP US N 2 Reverse repurchase N 0.50000000 N/A 850000.00000000 USD 903125.00000000 USD CDS N N N YAK HOLDING III LLC N/A N/A 2425000.00000000 PA USD 1697500.00000000 0.902395506410 Long LON CORP US N 2 2026-07-10 Variable 10.24000000 N N N N N N CCO HLDGS LLC/CAP CORP N/A 1248EPCK7 275000.00000000 PA USD 278437.50000000 0.148018114177 Long DBT CORP US N 2 2031-02-01 Fixed 4.25000000 N N N N N N Goldman Sachs International W22LROWP2IHZNBB6K528 N/A -1088000.00000000 NC -13304.28000000 -0.00707259056 N/A DFE US N 2 Goldman Sachs International W22LROWP2IHZNBB6K528 1088000.00000000 GBP 1502428.99000000 USD 2021-03-16 -13304.28000000 N N N VMED O2 UK FINANCING I 213800MRR46ECNGZ7L69 92858RAA8 1225000.00000000 PA USD 1197437.50000000 0.636560953877 Long DBT CORP GB N 2 2031-01-31 Fixed 4.25000000 N N N N N N J.P. MORGAN SECURITIES LLC ZBUT11V806EZRVTWT807 N/A -334749.64000000 PA USD -334749.64000000 -0.17795379729 Short RA CORP US N 2 Reverse repurchase N 0.40000000 N/A 400000.00000000 USD 435520.00000000 USD CDS N N N T-MOBILE USA INC 549300V2JRLO5DIFGE82 87264ABM6 625000.00000000 PA USD 578931.25000000 0.307761389408 Long DBT CORP US N 2 2051-02-15 Fixed 3.30000000 N N N N N N ACADIA HEALTHCARE CO INC 5493005CW985Y9D0NC11 00404AAP4 75000.00000000 PA USD 78000.00000000 0.041465007069 Long DBT CORP US N 2 2029-04-15 Fixed 5.00000000 N N N N N N HANESBRANDS INC GX5LWVWZLL5S4W1L2F20 410345AN2 950000.00000000 PA USD 1005812.50000000 0.534692595164 Long DBT CORP US N 2 2025-05-15 Fixed 5.37500000 N N N N N N CYPRESS HOLDINGS INC N/A N/A -157500.00000000 PA USD -0.02000000 -0.00000001063 Short LON CORP US N 3 2022-04-27 Variable 0.58465000 N N N N N N AMC NETWORKS INC 549300VGG9K75226LR46 00164VAF0 800000.00000000 PA USD 785360.00000000 0.417499460921 Long DBT CORP US N 2 2029-02-15 Fixed 4.25000000 N N N N N N JETBLUE AIRWAYS CORPORATION 54930070J9H97ZO93T57 N/A 975000.00000000 PA USD 1001968.50000000 0.532649114559 Long LON CORP US N 2 2024-06-17 Variable 6.25000000 N N N N N N AMERICAN EQUITY INVESTME 549300RK5RZQ740FPL83 025676503 46000.00000000 NS USD 1178060.00000000 0.626259823435 Long EP CORP US N 2 N N N Canadian Imperial Bank of Commerce, Toronto Branch 2IGI19DL77OX0HC3ZE78 N/A -308395.99000000 PA USD -308395.99000000 -0.16394412699 Short RA CORP CA N 2 Reverse repurchase N 0.55000000 N/A 375000.00000000 USD 375000.00000000 USD CDS N N N CHARLES SCHWAB CORP 549300VSGCJ7E698NM85 808513BJ3 800000.00000000 PA USD 803000.00000000 0.426876931751 Long DBT CORP US N 2 N/A Variable 4.00000000 N N N N N N GO DADDY OPCO/FINCO N/A 38016LAC9 1250000.00000000 PA USD 1243750.00000000 0.661180801824 Long DBT CORP US N 2 2029-03-01 Fixed 3.50000000 N N N N N N PPP INTERMEDIATE HOLDINGS LLC N/A N/A 633295.73000000 PA USD 88661.40000000 0.047132635612 Long LON CORP US N 3 2025-11-23 Variable 4.50000000 N N Y N N N 1011778 BC / NEW RED FIN N/A 68245XAM1 725000.00000000 PA USD 707092.50000000 0.375892250142 Long DBT CORP CA N 2 2030-10-15 Fixed 4.00000000 N N N N N N HOWMET AEROSPACE INC 549300HO5WFZUT5N2T22 013817AK7 375000.00000000 PA USD 447000.00000000 0.237626386665 Long DBT CORP US N 2 2037-02-01 Fixed 5.95000000 N N N N N N NEW ENTERPRISE STONE & L 549300O5DQ5Y61B8VF38 644274AG7 3092000.00000000 PA USD 3463040.00000000 1.840961257448 Long DBT CORP US N 2 2028-07-15 Fixed 9.75000000 N N N N N N RESOURCE LABEL GROUP LLC N/A N/A 850000.00000000 PA USD 755437.50000000 0.401592580485 Long LON CORP US N 3 2023-11-26 Variable 9.50000000 N N N N N N TITAN INTERNATIONAL INC 54930043H7SFLNS88586 88830MAK8 1475000.00000000 PA USD 1452875.00000000 0.772352206996 Long DBT CORP US N 2 2023-11-30 Fixed 6.50000000 N N N N N N MCGRAW HILL LLC N/A N/A 866585.72120000 PA USD 864635.90000000 0.459642739817 Long LON CORP US N 2 2024-11-01 Variable 5.75000000 N N N N N N CELTIC INTERMEDIATE CORP N/A N/A -50000.00000000 PA USD -249.22000000 -0.00013248601 Short LON CORP US N 3 2028-02-18 Variable 4.50000000 N N N N N N PROJECT ALPHA INTERMEDIATE HOLDING INC N/A N/A 13812.07000000 NS USD 0.01000000 0.000000005316 Long EC CORP US N 3 N N N Canadian Imperial Bank of Commerce, Toronto Branch 2IGI19DL77OX0HC3ZE78 N/A -1504812.02000000 PA USD -1504812.02000000 -0.79996206470 Short RA CORP CA N 2 Reverse repurchase N 0.55000000 N/A 1500000.00000000 USD 1736250.00000000 USD CDS N N N Unit Corp 549300XGK22FZCTN8B67 909218406 45803.00000000 NS USD 618340.50000000 0.328711451329 Long EC CORP US N 1 N N N BMO Capital Markets Corp., New York Branch RUC0QBLBRPRCU4W1NE59 N/A -851762.03000000 PA USD -851762.03000000 -0.45279895634 Short RA CORP US N 2 Reverse repurchase N 0.50000000 N/A 1000000.00000000 USD 985000.00000000 USD CDS N N N SLM CORP N/A 78442PGD2 1150000.00000000 PA USD 1204625.00000000 0.640381847958 Long DBT CORP US N 2 2025-10-29 Fixed 4.20000000 N N N N N N AUXEY BIDCO LIMITED N/A N/A -1250000.00000000 PA -167520.17000000 -0.08905416709 Short LON CORP GB N 3 2024-12-16 Variable 1.40000000 N N N N N N Castlelake Aircraft Securitiza N/A 14856GAB6 497249.71450000 PA USD 498901.03000000 0.265217111997 Long ABS-O CORP US N 2 2046-01-15 Fixed 6.65600000 N N N N N N GREEN ENERGY PARTNERS/STONEWALL LLC N/A N/A 631800.68430000 PA USD 587574.64000000 0.312356238478 Long LON CORP US N 2 2021-11-12 Variable 6.50000000 N N N N N N Canadian Imperial Bank of Commerce, Toronto Branch 2IGI19DL77OX0HC3ZE78 N/A -614403.36000000 PA USD -614403.36000000 -0.32661845725 Short RA CORP CA N 2 Reverse repurchase N 0.55000000 N/A 725000.00000000 USD 752187.50000000 USD CDS N N N SCRIBEAMERICA INTERMEDIATE HOLDCO LLC N/A N/A 632613.69740000 PA USD 601773.78000000 0.319904538997 Long LON CORP US N 2 2025-04-03 Variable 4.61000000 N N N N N N TOPBUILD CORP 5493007YSKHOL4RWII46 89055FAB9 350000.00000000 PA USD 351312.50000000 0.186758657641 Long DBT CORP US N 2 2029-03-15 Fixed 3.62500000 N N N N N N Canadian Imperial Bank of Commerce, Toronto Branch 2IGI19DL77OX0HC3ZE78 N/A -337396.32000000 PA USD -337396.32000000 -0.17936077940 Short RA CORP CA N 2 Reverse repurchase N 0.55000000 N/A 400000.00000000 USD 409120.00000000 USD CDS N N N PANDA HUMMEL STATION LLC N/A N/A 494505.49000000 PA USD 469780.22000000 0.249736412093 Long LON CORP US N 3 2022-04-27 Variable 3.87000000 N N N N N N PROVATION SOFTWARE GROUP INC N/A N/A 550000.00000000 PA USD 544500.00000000 0.289457645502 Long LON CORP US N 2 2027-12-16 Variable 5.50000000 N N N N N N HARSCO CORP KAO98FK89NPNNPQGUZ43 415864AM9 1999000.00000000 PA USD 2083957.50000000 1.107837339351 Long DBT CORP US N 2 2027-07-31 Fixed 5.75000000 N N N N N N ATD New Holdings Inc 5493001F45YR8KICVO87 04683P100 24428.00000000 NS USD 1008876.40000000 0.536321372538 Long EC CORP US N 2 N N N GRINDING MED/MOLY-COP N/A 398545AA1 2944000.00000000 PA USD 2999200.00000000 1.594382682076 Long DBT CORP US N 2 2023-12-15 Fixed 7.37500000 N N N N N N J.P. MORGAN SECURITIES LLC ZBUT11V806EZRVTWT807 N/A -422058.35000000 PA USD -422058.35000000 -0.22436733931 Short RA CORP US N 2 Reverse repurchase N 0.50000000 N/A 500000.00000000 USD 550000.00000000 USD CDS N N N FRANCHISE GROUP INC N/A N/A 800000.00000000 PA USD 800000.00000000 0.425282123786 Long LON CORP US N 2 2026-02-18 Variable 5.50000000 N N N N N N ZIGGO BV 213800TQASLF9JXH5J59 98955DAA8 725000.00000000 PA USD 756718.75000000 0.402273696386 Long DBT CORP NL N 2 2030-01-15 Fixed 4.87500000 N N N N N N BARCLAYS CAPITAL INC. AC28XWWI3WIBK2824319 N/A -1698333.66000000 PA USD -1698333.66000000 -0.90283868227 Short RA CORP US N 2 Reverse repurchase N 0.52000000 N/A 1750000.00000000 USD 1934100.00000000 USD CDS N N N BMO Capital Markets Corp., New York Branch RUC0QBLBRPRCU4W1NE59 N/A -449528.41000000 PA USD -449528.41000000 -0.23897049613 Short RA CORP US N 2 Reverse repurchase N 0.50000000 N/A 500000.00000000 USD 518750.00000000 USD CDS N N N AMN HEALTHCARE INC 549300H27NUKBFFQEE84 00175PAC7 575000.00000000 PA USD 584890.00000000 0.310929076727 Long DBT CORP US N 2 2029-04-15 Fixed 4.00000000 N N N N N N 24-7 INTOUCH INC N/A N/A 2394875.00000000 PA USD 2299080.00000000 1.222197031444 Long LON CORP CA N 2 2025-08-25 Variable 4.86000000 N N N N N N MINERALS TECHNOLOGIES IN 549300D3I1QU67GP6403 603158AA4 1350000.00000000 PA USD 1407577.50000000 0.748271935743 Long DBT CORP US N 2 2028-07-01 Fixed 5.00000000 N N N N N N ALLISON TRANSMISSION INC MWKQ3I0U1GXP2YDSZW75 019736AG2 1100000.00000000 PA USD 1051875.00000000 0.559179542447 Long DBT CORP US N 2 2031-01-30 Fixed 3.75000000 N N N N N N DXP ENTERPRISES INC N/A N/A 700000.00000000 PA USD 698250.00000000 0.371191553667 Long LON CORP US N 2 2027-12-23 Variable 5.75000000 N N N N N N BMO Capital Markets Corp., New York Branch RUC0QBLBRPRCU4W1NE59 N/A -1089466.23000000 PA USD -1089466.23000000 -0.57916314011 Short RA CORP US N 2 Reverse repurchase N 0.50000000 N/A 1200000.00000000 USD 1227000.00000000 USD CDS N N N Project Silverback Holdings B Escrow N/A N/A 1922.37000000 NS USD 0.00000000 0.000000 Long EC CORP US N 3 N N N HUNT COS INC 549300ODPWDNCH5TKM49 445587AC2 3725000.00000000 PA USD 3818125.00000000 2.029725386104 Long DBT CORP US N 2 2026-02-15 Fixed 6.25000000 N N N N N N CENGAGE LEARNING HOLDINGS II INC 549300BYGM0FWUSVXJ88 N/A 1506303.34900000 PA USD 1483076.15000000 0.788407218512 Long LON CORP US N 2 2023-06-07 Variable 5.25000000 N N N N N N DRIVE CHASSIS HOLDCO LLC N/A N/A 500000.00000000 PA USD 506250.00000000 0.269123843958 Long LON CORP US N 2 2026-04-10 Variable 8.48000000 N N N N N N NES GLOBAL TALENT HOLDINGS LTD N/A N/A 4494500.69490000 PA USD 4134940.64000000 2.198145421389 Long LON CORP US N 3 2023-05-11 Variable 6.50000000 N N N N N N BMO Capital Markets Corp., New York Branch RUC0QBLBRPRCU4W1NE59 N/A -1071203.08000000 PA USD -1071203.08000000 -0.56945440108 Short RA CORP US N 2 Reverse repurchase N 0.50000000 N/A 1189000.00000000 USD 1236560.00000000 USD CDS N N N ASSURANT INC H3F39CAXWQRVWURFXL38 04621XAK4 400000.00000000 PA USD 454000.00000000 0.241347605249 Long DBT CORP US N 2 2048-03-27 Variable 7.00000000 N N N N N N CELTIC INTERMEDIATE CORP N/A N/A 2754.53000000 PA USD 2750.65000000 0.001462252842 Long LON CORP US N 2 2026-03-09 Variable 4.25000000 N N N N N N MCG HILL/MCG GLB ED FIN N/A 58065PAA2 3342000.00000000 PA USD 3354532.50000000 1.783278382390 Long DBT CORP US N 2 2024-11-30 Fixed 8.00000000 N N N N N N BNP Paribas R0MUWSFPU8MPRO8K5P83 BGH7357W9 91200.00000000 NC USD -40128.00000000 -0.02133215132 N/A DCR FR N 2 BNP Paribas R0MUWSFPU8MPRO8K5P83 VanEck Vectors Fallen Angel High Yield Bond ETF ANGL Y VanEck Vectors Fallen Angel High Yield Bond ETF-Tenor Monthly 2021-05-19 0.00000000 USD 0.00000000 USD 2924784.00000000 USD -40128.00000000 N N N NUSTAR LOGISTICS LP N62BF2PKP51FIIOIUN20 67059TAF2 125000.00000000 PA USD 133321.25000000 0.070873930432 Long DBT CORP US N 2 2026-06-01 Fixed 6.00000000 N N N N N N LEVEL 3 FINANCING INC N/A 527298BT9 600000.00000000 PA USD 598500.00000000 0.318164188858 Long DBT CORP US N 2 2029-07-15 Fixed 3.75000000 N N N N N N Bank of America, N.A. B4TYDEB6GKMZO031MB27 N/A -753000.00000000 NC 4152.63000000 0.002207549132 N/A DFE US N 2 Bank of America, N.A. B4TYDEB6GKMZO031MB27 753000.00000000 EUR 913815.95000000 USD 2021-03-16 4152.63000000 N N N J.P. MORGAN SECURITIES LLC ZBUT11V806EZRVTWT807 N/A -246785.83000000 PA USD -246785.83000000 -0.13119200237 Short RA CORP US N 2 Reverse repurchase N 0.50000000 N/A 300000.00000000 USD 312960.00000000 USD CDS N N N BASIC ENERGY SERVICES 5493006BE5UNWTVG4F46 06985PAN0 575000.00000000 PA USD 113562.50000000 0.060370126478 Long DBT CORP US Y 2 2023-10-15 Fixed 10.75000000 N N N N N N BARCLAYS PLC 213800LBQA1Y9L22JB70 06738EBA2 3000000.00000000 PA USD 3235020.00000000 1.719745220116 Long DBT CORP GB N 2 N/A Variable 7.75000000 N N N N N N CLARIOS GLOBAL LP/US FIN N/A 69867DAC2 1050000.00000000 PA USD 1132950.00000000 0.602279227680 Long DBT CORP US N 2 2027-05-15 Fixed 8.50000000 N N N N N N DIVERSITECH HOLDINGS INC N/A N/A 1000000.00000000 PA USD 1000000.00000000 0.531602654733 Long LON CORP US N 3 2025-06-02 Variable 8.50000000 N N N N N N GC EOS BUYER INC N/A N/A 1763909.77540000 PA USD 1717236.72000000 0.912887599157 Long LON CORP US N 2 2025-08-01 Variable 4.62000000 N N N N N N Citigroup Global Markets Inc. MBNUM2BPBDO7JBLYG310 N/A -2293890.90000000 PA USD -2293890.90000000 -1.21943849210 Short RA CORP US N 2 Reverse repurchase N 0.55000000 N/A 2726000.00000000 USD 2811051.20000000 USD CDS N N N POST HOLDINGS INC JM1I5YUAURL6DC8N1468 737446AR5 1850000.00000000 PA USD 1847798.50000000 0.982294588012 Long DBT CORP US N 2 2031-09-15 Fixed 4.50000000 N N N N N N J.P. MORGAN SECURITIES LLC ZBUT11V806EZRVTWT807 N/A -567142.29000000 PA USD -567142.29000000 -0.30149434697 Short RA CORP US N 2 Reverse repurchase N 0.50000000 N/A 750000.00000000 USD 806250.00000000 USD CDS N N N PGT INNOVATIONS INC 549300LRW9WM59C1S579 69344BAA3 60000.00000000 PA USD 63600.00000000 0.033809928841 Long DBT CORP US N 2 2026-08-01 Fixed 6.75000000 N N N N N N TENEO HOLDINGS LLC N/A N/A 5612622.82830000 PA USD 5619638.61000000 2.987414803719 Long LON CORP US N 2 2025-07-11 Variable 6.25000000 N N N N N N CELTIC INTERMEDIATE CORP N/A N/A 192499.00000000 PA USD 192227.58000000 0.102188691841 Long LON CORP US N 2 2026-03-09 Variable 4.41000000 N N N N N N KENNEDY-WILSON INC 5EA4464UK7FM5QNNKL62 489399AL9 425000.00000000 PA USD 438047.50000000 0.232867213899 Long DBT CORP US N 2 2029-03-01 Fixed 4.75000000 N N N N N N BMO Capital Markets Corp., New York Branch RUC0QBLBRPRCU4W1NE59 N/A -514709.52000000 PA USD -514709.52000000 -0.27362094724 Short RA CORP US N 2 Reverse repurchase N 0.50000000 N/A 600000.00000000 USD 598500.00000000 USD CDS N N N HUB INTERNATIONAL LTD 549300JQT6ATTUNS5E06 44332PAD3 550000.00000000 PA USD 573045.00000000 0.304632243281 Long DBT CORP US N 2 2026-05-01 Fixed 7.00000000 N N N N N N LIBERTY MUTUAL GROUP INC QUR0DG15Z6FFGYCHH861 53079EBL7 500000.00000000 PA USD 457390.91000000 0.243150222006 Long DBT CORP US N 2 2061-02-01 Fixed 4.30000000 N N N N N N VIRGIN MEDIA SECURED FIN 213800X3RLP4NOTPY579 92769XAR6 1200000.00000000 PA USD 1227000.00000000 0.652276457358 Long DBT CORP US N 2 2030-08-15 Fixed 4.50000000 N N N N N N JEFFERIES FIN LLC / JFIN N/A 47232MAE2 2000000.00000000 PA USD 2080000.00000000 1.105733521845 Long DBT CORP US N 2 2026-06-03 Fixed 6.25000000 N N N N N N CLEAVER-BROOKS INC 549300TRZDD68CZBS255 185401AG1 2753000.00000000 PA USD 2704822.50000000 1.437890821583 Long DBT CORP US N 2 2023-03-01 Fixed 7.87500000 N N N N N N CELTIC INTERMEDIATE CORP N/A N/A 480000.00000000 PA USD 479040.00000000 0.254658935723 Long LON CORP US N 2 2028-02-18 Variable 4.50000000 N N N N N N NIELSEN FINANCE LLC/CO N/A 65409QBB7 45000.00000000 PA USD 45093.60000000 0.023971877471 Long DBT CORP US N 2 2022-04-15 Fixed 5.00000000 N N N N N N LEVEL 3 FINANCING INC N/A 527298BS1 1500000.00000000 PA USD 1477500.00000000 0.785442922368 Long DBT CORP US N 2 2029-01-15 Fixed 3.62500000 N N N N N N JELD-WEN INC 549300XWE6NM0N1HFW16 475795AE0 800000.00000000 PA USD 854000.00000000 0.453988667142 Long DBT CORP US N 2 2025-05-15 Fixed 6.25000000 N N N N N N YUM! BRANDS INC 549300JE8XHZZ7OHN517 988498AM3 250000.00000000 PA USD 273437.50000000 0.145360100903 Long DBT CORP US N 2 2025-04-01 Fixed 7.75000000 N N N N N N Peraton Corp. N/A N/A -542018.58000000 PA USD -2367.75000000 -0.00125870218 Short LON CORP US N 3 2028-02-22 Variable 0.50000000 N N N N N N Dryden Senior Loan Fund 5493000CMI5L15ZSNM78 26244LAA2 600000.00000000 PA USD 321553.80000000 0.170938853719 Long ABS-O CORP KY N 2 2031-04-15 None 0.00000000 N N N N N N SOUTHERN VETERINARY COMPANY LLC N/A N/A 878787.88000000 PA USD 881538.49000000 0.468628201533 Long LON CORP US N 2 2027-10-05 Variable 5.00000000 N N N N N N PAR PHARMACEUTICAL INC 549300KK5WR4MGN4YT97 69888XAA7 1340000.00000000 PA USD 1440500.00000000 0.765773624143 Long DBT CORP US N 2 2027-04-01 Fixed 7.50000000 N N N N N N ALLIANT HOLD / CO-ISSUER N/A 01883LAB9 375000.00000000 PA USD 375000.00000000 0.199350995525 Long DBT CORP US N 2 2027-10-15 Fixed 4.25000000 N N N N N N ARCONIC CORP 549300B4YFWH3U74B152 03966VAB3 850000.00000000 PA USD 903125.00000000 0.480103647556 Long DBT CORP US N 2 2025-05-15 Fixed 6.00000000 N N N N N N BMO Capital Markets Corp., New York Branch RUC0QBLBRPRCU4W1NE59 N/A -705864.21000000 PA USD -705864.21000000 -0.37523928791 Short RA CORP US N 2 Reverse repurchase N 0.50000000 N/A 775000.00000000 USD 809720.00000000 USD CDS N N N LEVI STRAUSS & CO MB0UERO0RDFKU8258G77 52736RBJ0 400000.00000000 PA USD 403560.00000000 0.214533567344 Long DBT CORP US N 2 2031-03-01 Fixed 3.50000000 N N N N N N NUSTAR LOGISTICS LP N62BF2PKP51FIIOIUN20 67059TAE5 200000.00000000 PA USD 209000.00000000 0.111104954839 Long DBT CORP US N 2 2027-04-28 Fixed 5.62500000 N N N N N N BMO Capital Markets Corp., New York Branch RUC0QBLBRPRCU4W1NE59 N/A -304864.97000000 PA USD -304864.97000000 -0.16206702738 Short RA CORP US N 2 Reverse repurchase N 0.50000000 N/A 312000.00000000 USD 362388.00000000 USD CDS N N N QTS LP/FINANCE N/A 74759BAF0 550000.00000000 PA USD 560010.00000000 0.297702802677 Long DBT CORP US N 2 2028-10-01 Fixed 3.87500000 N N N N N N US FOODS INC 5493000JOOFAOUY1JZ87 90290MAC5 1050000.00000000 PA USD 1119562.50000000 0.595162397140 Long DBT CORP US N 2 2025-04-15 Fixed 6.25000000 N N N N N N HILLENBRAND INC U246OE781574J2BUD366 431571AE8 250000.00000000 PA USD 249062.50000000 0.132402286194 Long DBT CORP US N 2 2031-03-01 Fixed 3.75000000 N N N N N N BMO Capital Markets Corp., New York Branch RUC0QBLBRPRCU4W1NE59 N/A -427545.23000000 PA USD -427545.23000000 -0.22728417928 Short RA CORP US N 2 Reverse repurchase N 0.50000000 N/A 500000.00000000 USD 492500.00000000 USD CDS N N N SOTHEBY'S 549300P5BAAMQQ7VL735 835898AH0 1125000.00000000 PA USD 1215000.00000000 0.645897225501 Long DBT CORP US N 2 2027-10-15 Fixed 7.37500000 N N N N N N SP PF PARENT CORP N/A N/A 1508134.31660000 PA USD 1453464.45000000 0.772665560180 Long LON CORP US N 2 2025-12-22 Variable 4.61000000 N N N N N N J.P. MORGAN SECURITIES LLC ZBUT11V806EZRVTWT807 N/A -845119.21000000 PA USD -845119.21000000 -0.44926761560 Short RA CORP US N 2 Reverse repurchase N 0.50000000 N/A 1000000.00000000 USD 1100000.00000000 USD CDS N N N ENDO INTERNATIONAL PLC N/A N/A 1382097.19460000 PA USD 1372311.95000000 0.729524675742 Long LON CORP LU N 2 2024-04-29 Variable 5.00000000 N N N N N N NCR CORP 549300YKTY8JX1DV2R67 62886EAZ1 1350000.00000000 PA USD 1404000.00000000 0.746370127245 Long DBT CORP US N 2 2030-10-01 Fixed 5.25000000 N N N N N N J.P. MORGAN SECURITIES LLC ZBUT11V806EZRVTWT807 N/A -368233.53000000 PA USD -368233.53000000 -0.19575392210 Short RA CORP US N 2 Reverse repurchase N 0.50000000 N/A 500000.00000000 USD 528100.00000000 USD CDS N N N NFP CORP VO2L9FZNXDJNQNEYH039 65342RAD2 2850000.00000000 PA USD 2943138.00000000 1.564579974047 Long DBT CORP US N 2 2028-08-15 Fixed 6.87500000 N N N N N N BMO Capital Markets Corp., New York Branch RUC0QBLBRPRCU4W1NE59 N/A -900915.23000000 PA USD -900915.23000000 -0.47892892795 Short RA CORP US N 2 Reverse repurchase N 0.50000000 N/A 1000000.00000000 USD 1027500.00000000 USD CDS N N N CREDIT SUISSE SECURITIES (USA) LLC 1V8Y6QCX6YMJ2OELII46 N/A -596031.17000000 PA USD -596031.17000000 -0.31685175227 Short RA CORP US N 2 Reverse repurchase N 0.50000000 N/A 660000.00000000 USD 768966.00000000 USD CDS N N N 1011778 BC / NEW RED FIN N/A 68245XAP4 700000.00000000 PA USD 686000.00000000 0.364679421147 Long DBT CORP CA N 2 2029-02-15 Fixed 3.50000000 N N N N N N KRAFT HEINZ FOODS CO 5493003STKEZ2S0RNU91 50077LAB2 850000.00000000 PA USD 919775.30000000 0.488954991238 Long DBT CORP US N 2 2046-06-01 Fixed 4.37500000 N N N N N N 1A SMART START LLC N/A N/A 977550.00000000 PA USD 980609.73000000 0.521294735725 Long LON CORP US N 2 2027-08-19 Variable 5.75000000 N N N N N N BMO Capital Markets Corp., New York Branch RUC0QBLBRPRCU4W1NE59 N/A -870042.41000000 PA USD -870042.41000000 -0.46251685488 Short RA CORP US N 2 Reverse repurchase N 0.50000000 N/A 1000000.00000000 USD 996000.00000000 USD CDS N N N ONEX CORPORATION N/A N/A 422666.07850000 PA USD 452252.70000000 0.240418735930 Long LON CORP US N 3 2024-04-01 Variable 4.00000000 N N Y N N N AI AQUA MERGER SUB INC N/A N/A 119698.49000000 PA USD 119848.11000000 0.063711573440 Long LON CORP US N 2 2023-12-13 Variable 6.25000000 N N N N N N BARCLAYS CAPITAL INC. AC28XWWI3WIBK2824319 N/A -1421947.99000000 PA USD -1421947.99000000 -0.75591132637 Short RA CORP US N 2 Reverse repurchase N 0.52000000 N/A 1500000.00000000 USD 1488000.00000000 USD CDS N N N UNITED STATES STEEL CORP JNLUVFYJT1OZSIQ24U47 912909AR9 1400000.00000000 PA USD 1681505.00000000 0.893892521947 Long DBT CORP US N 2 2025-06-01 Fixed 12.00000000 N N N N N N H.B. FULLER CO JSMX3Z5FOYM8V0Q52357 40410KAA3 225000.00000000 PA USD 229432.50000000 0.121966926082 Long DBT CORP US N 2 2028-10-15 Fixed 4.25000000 N N N N N N BARCLAYS CAPITAL INC. AC28XWWI3WIBK2824319 N/A -782738.59000000 PA USD -782738.59000000 -0.41610591240 Short RA CORP US N 2 Reverse repurchase N 0.50000000 N/A 810000.00000000 USD 869535.00000000 USD CDS N N N BARCLAYS CAPITAL INC. AC28XWWI3WIBK2824319 N/A -1600597.47000000 PA USD -1600597.47000000 -0.85088186421 Short RA CORP US N 2 Reverse repurchase N 0.55000000 N/A 1725000.00000000 USD 1768125.00000000 USD CDS N N N SABRE GLBL INC F2TJC7HPPHLHU1AQMP98 78573NAC6 650000.00000000 PA USD 771062.50000000 0.409898871965 Long DBT CORP US N 2 2025-04-15 Fixed 9.25000000 N N N N N N HILTON DOMESTIC OPERATIN 5493003EG7H0N1E4XV50 432833AL5 1275000.00000000 PA USD 1292531.25000000 0.687113043826 Long DBT CORP US N 2 2031-05-01 Fixed 4.00000000 N N N N N N J.P. MORGAN SECURITIES LLC ZBUT11V806EZRVTWT807 N/A -757494.15000000 PA USD -757494.15000000 -0.40268590108 Short RA CORP US N 2 Reverse repurchase N 0.50000000 N/A 970000.00000000 USD 1011225.00000000 USD CDS N N N Canadian Imperial Bank of Commerce, Toronto Branch 2IGI19DL77OX0HC3ZE78 N/A -479806.43000000 PA USD -479806.43000000 -0.25506637194 Short RA CORP CA N 2 Reverse repurchase N 0.55000000 N/A 575000.00000000 USD 584890.00000000 USD CDS N N N POWDR CORP 549300XIF5ZPMVRIGO50 73900LAA9 300000.00000000 PA USD 313500.00000000 0.166657432258 Long DBT CORP US N 2 2025-08-01 Fixed 6.00000000 N N N N N N VAIL RESORTS INC 529900PSZHRNU9HKH870 91879QAL3 400000.00000000 PA USD 427160.00000000 0.227079389995 Long DBT CORP US N 2 2025-05-15 Fixed 6.25000000 N N N N N N OCCIDENTAL PETROLEUM COR IM7X0T3ECJW4C1T7ON55 674599CF0 750000.00000000 PA USD 682500.00000000 0.362818811855 Long DBT CORP US N 2 2045-06-15 Fixed 4.62500000 N N N N N N LIVE NATION ENTERTAINMEN 5493007B9BM9ZXJINO78 538034AV1 800000.00000000 PA USD 883040.00000000 0.469426408235 Long DBT CORP US N 2 2027-05-15 Fixed 6.50000000 N N N N N N AUXEY BIDCO LIMITED N/A N/A 1300000.00000000 PA USD 1190319.00000000 0.632776740379 Long LON CORP GB N 2 2025-06-16 Variable 5.52000000 N N N N N N NATHAN'S FAMOUS INC 54930034SKNSF1JIE673 632347AC4 1600000.00000000 PA USD 1640000.00000000 0.871828353763 Long DBT CORP US N 2 2025-11-01 Fixed 6.62500000 N N N N N N GREAT LAKES DREDGE&DOCK 549300H65E3MZ1CX0P05 390607AE9 2700000.00000000 PA USD 2724300.00000000 1.448245112290 Long DBT CORP US N 2 2022-05-15 Fixed 8.00000000 N N N N N N J.P. MORGAN SECURITIES LLC ZBUT11V806EZRVTWT807 N/A -492025.69000000 PA USD -492025.69000000 -0.26156216300 Short RA CORP US N 2 Reverse repurchase N 0.50000000 N/A 650000.00000000 USD 706875.00000000 USD CDS N N N CHECKERS HOLDINGS INC N/A N/A 482500.00000000 PA USD 434250.00000000 0.230848452818 Long LON CORP US N 2 2024-04-25 Variable 5.25000000 N N N N N N GOLD PARENT LP VPQEY6SB0BUIVT13IV95 N/A -500000.00000000 PA USD -32268.00000000 -0.01715375446 Short LON CORP US N 3 2023-01-27 Variable 0.52921000 N N N N N N KENNEDY-WILSON INC 5EA4464UK7FM5QNNKL62 489399AM7 600000.00000000 PA USD 619500.00000000 0.329327844607 Long DBT CORP US N 2 2031-03-01 Fixed 5.00000000 N N N N N N NCR CORP 549300YKTY8JX1DV2R67 62886EAX6 775000.00000000 PA USD 846687.50000000 0.450101322729 Long DBT CORP US N 2 2025-04-15 Fixed 8.12500000 N N N N N N HILTON DOMESTIC OPERATIN 5493003EG7H0N1E4XV50 432833AN1 1350000.00000000 PA USD 1331883.00000000 0.708032538594 Long DBT CORP US N 2 2032-02-15 Fixed 3.62500000 N N N N N N Canadian Imperial Bank of Commerce, Toronto Branch 2IGI19DL77OX0HC3ZE78 N/A -296258.33000000 PA USD -296258.33000000 -0.15749171471 Short RA CORP CA N 2 Reverse repurchase N 0.55000000 N/A 350000.00000000 USD 363125.00000000 USD CDS N N N SUBURBAN PROPANE PARTNRS N/A 864486AK1 2600000.00000000 PA USD 2716415.00000000 1.444053425358 Long DBT CORP US N 2 2027-03-01 Fixed 5.87500000 N N N N N N Canadian Imperial Bank of Commerce, Toronto Branch 2IGI19DL77OX0HC3ZE78 N/A -381371.82000000 PA USD -381371.82000000 -0.20273827195 Short RA CORP CA N 2 Reverse repurchase N 0.55000000 N/A 450000.00000000 USD 486945.00000000 USD CDS N N N CLEARWATER PAPER CORP 549300HCVV19GXN4P292 18538RAJ2 200000.00000000 PA USD 204816.00000000 0.108880729331 Long DBT CORP US N 2 2028-08-15 Fixed 4.75000000 N N N N N N HILLMAN GROUP INC BDPO7HREUXNPHVMSIT54 40423BAA8 1050000.00000000 PA USD 1053307.50000000 0.559941063250 Long DBT CORP US N 2 2022-07-15 Fixed 6.37500000 N N N N N N INDIGO NATURAL RES LLC 549300F7DOI6H6TA3C86 45569LAC5 1400000.00000000 PA USD 1393000.00000000 0.740522498043 Long DBT CORP US N 2 2029-02-01 Fixed 5.37500000 N N N N N N WELLS FARGO & COMPANY PBLD0EJDB5FWOLXP3B76 95002Y202 50000.00000000 NS USD 1226000.00000000 0.651744854703 Long EP CORP US N 2 N N N BMO Capital Markets Corp., New York Branch RUC0QBLBRPRCU4W1NE59 N/A -331807.27000000 PA USD -331807.27000000 -0.17638962559 Short RA CORP US N 2 Reverse repurchase N 0.50000000 N/A 350000.00000000 USD 387100.00000000 USD CDS N N N HAMPTON ROADS PPV LLC N/A 409322AD6 245000.00000000 PA USD 271622.65000000 0.144395321825 Long DBT CORP US N 2 2053-06-15 Fixed 6.62100000 N N N N N N KEHE DISTRIBUTORS LLC/FI N/A 487526AB1 3600000.00000000 PA USD 4005000.00000000 2.129068632207 Long DBT CORP US N 2 2026-10-15 Fixed 8.62500000 N N N N N N ENTRANS INTERNATIONAL LLC / ENTRANS FINANCE CORP N/A N/A 1323591.54930000 PA USD 1283883.80000000 0.682516036449 Long LON CORP US N 2 2024-11-01 Variable 6.11000000 N N N N N N ONEMAIN FINANCE CORP 5493008I795YYBFWFU90 85172FAQ2 200000.00000000 PA USD 227440.00000000 0.120907707792 Long DBT CORP US N 2 2028-01-15 Fixed 6.62500000 N N N N N N CCO HLDGS LLC/CAP CORP N/A 1248EPCJ0 1750000.00000000 PA USD 1798125.00000000 0.955888023542 Long DBT CORP US N 2 2032-05-01 Fixed 4.50000000 N N N N N N MILEAGE PLUS HLDINGS LLC N/A 599191AA1 400000.00000000 PA USD 437000.00000000 0.232310360118 Long DBT CORP US N 2 2027-06-20 Fixed 6.50000000 N N N N N N ALCOA NEDERLAND HOLDING 5493000UL1QLQLT1VQ42 013822AA9 1500000.00000000 PA USD 1556250.00000000 0.827306631429 Long DBT CORP NL N 2 2024-09-30 Fixed 6.75000000 N N N N N N HAWK HOLDING COMPANY LLC 549300C5O4FSVNUEI843 N/A 299246.23120000 PA USD 301116.52000000 0.160074341416 Long LON CORP US N 2 2026-07-31 Variable 5.50000000 N N N N N N HOUGHTON MIFFLIN HARCOURT CO N/A N/A 285000.00000000 PA USD 280927.35000000 0.149341725047 Long LON CORP US N 2 2024-11-22 Variable 7.25000000 N N N N N N BARCLAYS CAPITAL INC. AC28XWWI3WIBK2824319 N/A -2584956.88000000 PA USD -2584956.88000000 -1.37416993977 Short RA CORP US N 2 Reverse repurchase N 0.52000000 N/A 3350000.00000000 USD 3324875.00000000 USD CDS N N N HAH Group Holding Co LLC N/A N/A -120000.00000000 PA USD -1710.56000000 -0.00090933823 Short LON CORP US N 3 2027-10-29 Variable 2.50000000 N N N N N N BARCLAYS CAPITAL INC. AC28XWWI3WIBK2824319 N/A -1128929.16000000 PA USD -1128929.16000000 -0.60014173846 Short RA CORP US N 2 Reverse repurchase N 0.52000000 N/A 1275000.00000000 USD 1292595.00000000 USD CDS N N N GLOBAL PART/GLP FINANCE N/A 37954FAG9 775000.00000000 PA USD 821500.00000000 0.436711580863 Long DBT CORP US N 2 2027-08-01 Fixed 7.00000000 N N N N N N AMWINS GROUP INC 549300SJE7MUB8NMRG61 031921AA7 3250000.00000000 PA USD 3465312.50000000 1.842169324481 Long DBT CORP US N 2 2026-07-01 Fixed 7.75000000 N N N N N N LEGACY RESERVES INC 549300UK2ZYOI65LEZ32 N/A 2359.00000000 NS USD 2359.00000000 0.001254050662 Long EC CORP US N 3 N N N PARKLAND CORP 549300Q72GWZCL8MQC95 70137TAL9 450000.00000000 PA USD 469687.50000000 0.249687121895 Long DBT CORP CA N 2 2026-04-01 Fixed 6.00000000 N N N N N N SBMDVJ N/A SBMDVJ959 48780.00000000 NS USD 529263.00000000 0.281357615852 Long EC CORP US N 1 N N N RENT-A-CENTER INC 529900QUHE15UQNCCJ63 76009NAL4 925000.00000000 PA USD 962101.75000000 0.511455844423 Long DBT CORP US N 2 2029-02-15 Fixed 6.37500000 N N N N N N BMO Capital Markets Corp., New York Branch RUC0QBLBRPRCU4W1NE59 N/A -1787373.64000000 PA USD -1787373.64000000 -0.95017257202 Short RA CORP US N 2 Reverse repurchase N 0.50000000 N/A 2000000.00000000 USD 2050000.00000000 USD CDS N N N TERRAFORM GLOBAL OPERATI 549300LC7QMVR79H5O86 88104UAC7 2525000.00000000 PA USD 2593818.88000000 1.378881002506 Long DBT CORP US N 2 2026-03-01 Fixed 6.12500000 N N N N N N CD&R SMOKEY BUYER INC N/A 12510CAA9 400000.00000000 PA USD 425000.00000000 0.225931128261 Long DBT CORP US N 2 2025-07-15 Fixed 6.75000000 N N N N N N RS IVY HOLDCO INC N/A N/A 1900000.00000000 PA USD 1914250.00000000 1.017620381823 Long LON CORP US N 3 2027-12-23 Variable 6.50000000 N N N N N N CELTIC INTERMEDIATE CORP N/A N/A 20000.00000000 PA USD 19960.00000000 0.010610788988 Long LON CORP US N 2 2028-02-18 Variable 4.50000000 N N N N N N RBC Capital Markets, LLC 549300LCO2FLSSVFFR64 N/A -339517.22000000 PA USD -339517.22000000 -0.18048825547 Short RA CORP US N 2 Reverse repurchase N 0.55000000 N/A 375000.00000000 USD 447000.00000000 USD CDS N N N CREDIT SUISSE SECURITIES (USA) LLC 1V8Y6QCX6YMJ2OELII46 N/A -1514063.65000000 PA USD -1514063.65000000 -0.80488025577 Short RA CORP US N 2 Reverse repurchase N 0.55000000 N/A 1825000.00000000 USD 2021187.50000000 USD CDS N N N BMO Capital Markets Corp., New York Branch RUC0QBLBRPRCU4W1NE59 N/A -2334018.99000000 PA USD -2334018.99000000 -1.24077069128 Short RA CORP US N 2 Reverse repurchase N 0.45000000 N/A 2447000.00000000 USD 2513803.10000000 USD CDS N N N GRAFTECH FINANCE INC 1Z010BU876CF2HDBIN43 384311AA4 1225000.00000000 PA USD 1249745.00000000 0.664367759739 Long DBT CORP US N 2 2028-12-15 Fixed 4.62500000 N N N N N N PRINCESS JULIANA INTL N/A 741771AA7 284073.95790000 PA USD 255359.76000000 0.135749926328 Long DBT CORP SX Y 2 2027-12-20 Fixed 5.50000000 N N N N N N RBC Capital Markets, LLC 549300LCO2FLSSVFFR64 N/A -396970.20000000 PA USD -396970.20000000 -0.21103041217 Short RA CORP US N 2 Reverse repurchase N 0.45000000 N/A 400000.00000000 USD 437000.00000000 USD CDS N N N HAMILTON PROJECTS ACQUIROR LLC N/A N/A 299248.12030000 PA USD 301716.92000000 0.160393515650 Long LON CORP US N 2 2027-06-17 Variable 5.75000000 N N N N N N UNITED AIRLINES HOLDINGS INC N/A N/A 1500000.00000000 PA USD 1599465.00000000 0.850279840153 Long LON CORP US N 2 2027-06-21 Variable 6.25000000 N N N N N N STANDARD INDUSTRIES INC 54930064UHXCIUWVI755 853496AH0 1100000.00000000 PA USD 1053019.00000000 0.559787695884 Long DBT CORP US N 2 2031-01-15 Fixed 3.37500000 N N N N N N CREDIT SUISSE SECURITIES (USA) LLC 1V8Y6QCX6YMJ2OELII46 N/A -320742.38000000 PA USD -320742.38000000 -0.17050750069 Short RA CORP US N 2 Reverse repurchase N 0.45000000 N/A 350000.00000000 USD 384895.00000000 USD CDS N N N J.P. MORGAN SECURITIES LLC ZBUT11V806EZRVTWT807 N/A -516515.01000000 PA USD -516515.01000000 -0.27458075052 Short RA CORP US N 2 Reverse repurchase N 0.50000000 N/A 675000.00000000 USD 658327.50000000 USD CDS N N N BMO Capital Markets Corp., New York Branch RUC0QBLBRPRCU4W1NE59 N/A -425614.80000000 PA USD -425614.80000000 -0.22625795757 Short RA CORP US N 2 Reverse repurchase N 0.50000000 N/A 460000.00000000 USD 491648.00000000 USD CDS N N N BMO Capital Markets Corp., New York Branch RUC0QBLBRPRCU4W1NE59 N/A -387362.36000000 PA USD -387362.36000000 -0.20592285891 Short RA CORP US N 2 Reverse repurchase N 0.50000000 N/A 430000.00000000 USD 441825.00000000 USD CDS N N N Treman Park CLO Ltd 549300E4DX3Q8L455K94 89473MAD4 500000.00000000 PA USD 395764.65000000 0.210389538589 Long ABS-O CORP KY N 2 2028-10-20 None 0.00000000 N N N N N N SHO HOLDING I CORP N/A N/A 686400.32110000 PA USD 610896.29000000 0.324754089530 Long LON CORP US N 3 2024-04-29 Variable 6.25000000 N N Y N N N RBC Capital Markets, LLC 549300LCO2FLSSVFFR64 N/A -1947282.12000000 PA USD -1947282.12000000 -1.03518034450 Short RA CORP US N 2 Reverse repurchase N 0.50000000 N/A 2370000.00000000 USD 2364075.00000000 USD CDS N N N BARENTZ MIDCO BV N/A N/A 1300000.00000000 PA USD 1296750.00000000 0.689355742525 Long LON CORP NL N 2 2027-11-30 Variable 5.25000000 N N N N N N Southern Veterinary Partners LLC N/A N/A -121212.12000000 PA USD -1143.83000000 -0.00060806306 Short LON CORP US N 3 2027-10-05 Variable 2.00000000 N N N N N N JAMAICA MERCHANT VOUCHER RECEIVABLES LTD N/A N/A 165583.92870000 PA USD 169241.35000000 0.089969150950 Long ABS-O CORP KY N 3 2022-07-08 Fixed 5.87500000 N N N N N N RBC Capital Markets, LLC 549300LCO2FLSSVFFR64 N/A -812883.68000000 PA USD -812883.68000000 -0.43213112227 Short RA CORP US N 2 Reverse repurchase N 0.50000000 N/A 1000000.00000000 USD 982500.00000000 USD CDS N N N NUSTAR LOGISTICS LP N62BF2PKP51FIIOIUN20 67059TAH8 2025000.00000000 PA USD 2238050.25000000 1.189753454327 Long DBT CORP US N 2 2030-10-01 Fixed 6.37500000 N N N N N N CREDIT SUISSE SECURITIES (USA) LLC 1V8Y6QCX6YMJ2OELII46 N/A -823682.34000000 PA USD -823682.34000000 -0.43787171860 Short RA CORP US N 2 Reverse repurchase N 0.45000000 N/A 1000000.00000000 USD 1047500.00000000 USD CDS N N N PROJECT ALPHA INTERMEDIATE HOLDING INC N/A N/A 55.84000000 NS USD 70772.64000000 0.037622923306 Long EC CORP US N 3 N N N ARAMARK SERVICES INC 42YMHYH0XMHJEXDUB065 038522AR9 975000.00000000 PA USD 1029843.75000000 0.547467671460 Long DBT CORP US N 2 2025-05-01 Fixed 6.37500000 N N N N N N UNITED WHOLESALE MTGE LL 549300HW662MN1WU8550 91153LAA5 1700000.00000000 PA USD 1780750.00000000 0.946651427416 Long DBT CORP US N 2 2025-11-15 Fixed 5.50000000 N N N N N N ARMOR PARENT CORP 549300MC6XO5P96H8E79 N/A 3705995.18160000 PA USD 3446575.52000000 1.832208696171 Long LON CORP US N 2 2023-11-17 Variable 6.25000000 N N N N N N RADIATE HOLDCO / FINANCE N/A 75026JAC4 650000.00000000 PA USD 658125.00000000 0.349860997146 Long DBT CORP US N 2 2026-09-15 Fixed 4.50000000 N N N N N N BMO Capital Markets Corp., New York Branch RUC0QBLBRPRCU4W1NE59 N/A -1817929.06000000 PA USD -1817929.06000000 -0.96641591441 Short RA CORP US N 2 Reverse repurchase N 0.50000000 N/A 1999000.00000000 USD 2083957.50000000 USD CDS N N N RENT-A-CENTER INC/TX N/A N/A 275000.00000000 PA USD 276718.75000000 0.147104422114 Long LON CORP US N 2 2028-02-17 Variable 4.75000000 N N N N N N NIELSEN HOLDINGS PLC UJ76Y189LDMPCOCW7204 N/A 744375.00000000 PA USD 750486.32000000 0.398960520053 Long LON CORP US N 2 2025-06-04 Variable 4.75000000 N N N N N N KRONOS ACQUISITION HOLDINGS INC N/A N/A 325000.00000000 PA USD 324525.50000000 0.172518617328 Long LON CORP US N 2 2026-12-22 Variable 4.25000000 N N N N N N ALTICE FRANCE SA 5493001ZMCICV4N02J21 02156LAA9 1300000.00000000 PA USD 1417013.00000000 0.753287872591 Long DBT CORP FR N 2 2027-02-01 Fixed 8.12500000 N N N N N N BARCLAYS CAPITAL INC. AC28XWWI3WIBK2824319 N/A -1073933.16000000 PA USD -1073933.16000000 -0.57090571886 Short RA CORP US N 2 Reverse repurchase N 0.52000000 N/A 1225000.00000000 USD 1249745.00000000 USD CDS N N N SIGNATURE AVIATION US 213800CSNQ87U1MC8N11 05545MAC6 1250000.00000000 PA USD 1265625.00000000 0.672809609897 Long DBT CORP US N 2 2028-03-01 Fixed 4.00000000 N N N N N N PETSMART INC/PETSMART FI N/A 71677KAA6 1000000.00000000 PA USD 1035950.00000000 0.550713770171 Long DBT CORP US N 2 2028-02-15 Fixed 4.75000000 N N N N N N VALVOLINE INC 549300CMHPBEY6VPOT75 92047WAG6 1325000.00000000 PA USD 1305125.00000000 0.693807914759 Long DBT CORP US N 2 2031-06-15 Fixed 3.62500000 N N N N N N AUXEY BIDCO LIMITED N/A N/A 1150000.00000000 PA 1471108.68000000 0.782045279689 Long LON CORP GB N 2 2025-06-16 Variable 5.34000000 N N N N N N QUICKEN LOANS LLC/QUICKN N/A 74841CAB7 1250000.00000000 PA USD 1240625.00000000 0.659519543528 Long DBT CORP US N 2 2031-03-01 Fixed 3.87500000 N N N N N N NEW ENTERPRISE STONE & L 549300O5DQ5Y61B8VF38 644274AF9 1125000.00000000 PA USD 1158750.00000000 0.615994576172 Long DBT CORP US N 2 2026-03-15 Fixed 6.25000000 N N N N N N SHO HOLDING I CORP N/A N/A 11316.42000000 PA USD 10071.61000000 0.005354094613 Long LON CORP US N 3 2024-04-29 Variable 6.23000000 N N Y N N N BLUE RIBBON LLC (USA) N/A N/A 1050000.00000000 PA USD 1031814.00000000 0.548515061591 Long LON CORP US N 2 2021-11-15 Variable 5.00000000 N N N N N N SPECTRUM BRANDS INC 549300VU3EH2E73C1Q04 84762LAX3 550000.00000000 PA USD 543669.50000000 0.289016149497 Long DBT CORP US N 2 2031-03-15 Fixed 3.87500000 N N N N N N MONROE CAPITAL CLO LTD 549300P18F17MYF55L44 610333AY2 1000000.00000000 PA USD 990087.50000000 0.526333143418 Long ABS-O CORP KY N 2 2026-10-22 Floating 3.82200000 N N N N N N BANK OF AMERICA CORP 9DJT3UXIJIZJI4WXO774 06055H608 26000.00000000 NS USD 640640.00000000 0.340565924728 Long EP CORP US N 2 N N N ROTO ACQUISITION CORP N/A N/A 660000.00000000 PA USD 663300.00000000 0.352612040884 Long LON CORP US N 2 2026-03-26 Variable 5.75000000 N N N N N N KRAFT HEINZ FOODS CO 5493003STKEZ2S0RNU91 50077LAZ9 600000.00000000 PA USD 700208.52000000 0.372232708099 Long DBT CORP US N 2 2049-10-01 Fixed 4.87500000 N N N N N N SEAPORT FINANCING LLC N/A N/A 2521080.65140000 PA USD 2470659.04000000 1.313408904605 Long LON CORP US N 3 2025-10-31 Variable 5.62000000 N N N N N N MIRABELA NICKEL LTD N/A N/A 1279819.00000000 PA USD 51192.76000000 0.027214207119 Long DBT CORP AU Y 2 2019-06-24 Variable 9.50000000 Y N N N N N BANK OF AMERICA CORP 9DJT3UXIJIZJI4WXO774 06055H400 35000.00000000 NS USD 864500.00000000 0.459570495017 Long EP CORP US N 2 N N N BMO Capital Markets Corp., New York Branch RUC0QBLBRPRCU4W1NE59 N/A -1376629.77000000 PA USD -1376629.77000000 -0.73182004031 Short RA CORP US N 2 Reverse repurchase N 0.50000000 N/A 1500000.00000000 USD 1587750.00000000 USD CDS N N N XPLORNET COMMUNICATIONS INC N/A N/A 99749.37340000 PA USD 100201.24000000 0.053267245191 Long LON CORP CA N 2 2027-06-10 Variable 4.86000000 N N N N N N VECTOR PHOENIX HOLDINGS (CAYMAN) LP N/A N/A 65964.55130000 NS USD 7466.13000000 0.003969014528 Long EC CORP US N 3 N N N KRONOS ACQ / KIK CUSTOM N/A 50106GAF9 1425000.00000000 PA USD 1410393.75000000 0.749769061719 Long DBT CORP US N 2 2027-12-31 Fixed 7.00000000 N N N N N N RBC Capital Markets, LLC 549300LCO2FLSSVFFR64 N/A -880550.00000000 PA USD -880550.00000000 -0.46810271762 Short RA CORP US N 2 Reverse repurchase N 0.50000000 N/A 1100000.00000000 USD 1053030.00000000 USD CDS N N N Canadian Imperial Bank of Commerce, Toronto Branch 2IGI19DL77OX0HC3ZE78 N/A -168155.71000000 PA USD -168155.71000000 -0.08939202184 Short RA CORP CA N 2 Reverse repurchase N 0.54700000 N/A 200000.00000000 USD 210500.00000000 USD CDS N N N Canadian Imperial Bank of Commerce, Toronto Branch 2IGI19DL77OX0HC3ZE78 N/A -1471704.87000000 PA USD -1471704.87000000 -0.78236221587 Short RA CORP CA N 2 Reverse repurchase N 0.55000000 N/A 1770000.00000000 USD 1805400.00000000 USD CDS N N N Canadian Imperial Bank of Commerce, Toronto Branch 2IGI19DL77OX0HC3ZE78 N/A -144973.45000000 PA USD -144973.45000000 -0.07706827088 Short RA CORP CA N 2 Reverse repurchase N 0.54700000 N/A 150000.00000000 USD 180195.00000000 USD CDS N N N ONEX CORPORATION N/A N/A 24750.65000000 NS USD 123753.25000000 0.065787556231 Long EC CORP US N 3 N N N SIGNATURE AVIATION US 213800CSNQ87U1MC8N11 05545MAA0 350000.00000000 PA USD 357875.00000000 0.190247300062 Long DBT CORP US N 2 2026-05-01 Fixed 5.37500000 N N N N N N J.P. MORGAN SECURITIES LLC ZBUT11V806EZRVTWT807 N/A -845517.29000000 PA USD -845517.29000000 -0.44947923598 Short RA CORP US N 2 Reverse repurchase N 0.50000000 N/A 1050000.00000000 USD 1132950.00000000 USD CDS N N N LBC TANK TERMINAL HLDING 213800O43KFINF83HN59 50177WAA9 3400000.00000000 PA USD 3391500.00000000 1.802930403528 Long DBT CORP NL N 2 2023-05-15 Fixed 6.87500000 N N N N N N CREDIT SUISSE SECURITIES (USA) LLC 1V8Y6QCX6YMJ2OELII46 N/A -772899.62000000 PA USD -772899.62000000 -0.41087548983 Short RA CORP US N 2 Reverse repurchase N 0.50000000 N/A 1000000.00000000 USD 1081200.00000000 USD CDS N N N CREDIT SUISSE SECURITIES (USA) LLC 1V8Y6QCX6YMJ2OELII46 N/A -1009364.22000000 PA USD -1009364.22000000 -0.53658069894 Short RA CORP US N 2 Reverse repurchase N 0.45000000 N/A 1350000.00000000 USD 1404000.00000000 USD CDS N N N PLAYTIKA HOLDING CORP N/A N/A 471461.16360000 PA USD 473582.74000000 0.251757841819 Long LON CORP US N 2 2024-12-09 Variable 7.00000000 N N N N N N SABRE GLBL INC F2TJC7HPPHLHU1AQMP98 78573NAF9 1500000.00000000 PA USD 1612500.00000000 0.857209280757 Long DBT CORP US N 2 2025-09-01 Fixed 7.37500000 N N N N N N BNP Paribas R0MUWSFPU8MPRO8K5P83 BGH72YM34 92300.00000000 NC USD -50765.00000000 -0.02698680876 N/A DCR FR N 2 BNP Paribas R0MUWSFPU8MPRO8K5P83 VanEck Vectors Fallen Angel High Yield Bond ETF ANGL Y VanEck Vectors Fallen Angel High Yield Bond ETF-Tenor Monthly 2021-05-14 0.00000000 USD 0.00000000 USD 2960061.00000000 USD -50765.00000000 N N N WILLIAMS SCOTSMAN INTL 549300V3TCHCBOBTGH07 96950GAE2 650000.00000000 PA USD 667875.00000000 0.355044123030 Long DBT CORP US N 2 2028-08-15 Fixed 4.62500000 N N N N N N BIDFAIR LTD N/A N/A 239823.76120000 PA USD 241721.97000000 0.128500040959 Long LON CORP US N 3 2027-01-15 Variable 6.50000000 N N N N N N COMSTOCK RESOURCES INC I03QQGEA4SS774AURI46 22304LAA8 970000.00000000 PA USD 1011225.00000000 0.537569894532 Long DBT CORP US N 2 2025-05-15 Fixed 7.50000000 N N N N N N Gores Holdings VI Inc N/A 38286R105 53050.00000000 NS USD 942168.00000000 0.500859010005 Long EC CORP US N 1 N N N BARCLAYS CAPITAL INC. AC28XWWI3WIBK2824319 N/A -1437996.44000000 PA USD -1437996.44000000 -0.76444272500 Short RA CORP US N 2 Reverse repurchase N 0.55000000 N/A 1600000.00000000 USD 1676000.00000000 USD CDS N N N Canadian Imperial Bank of Commerce, Toronto Branch 2IGI19DL77OX0HC3ZE78 N/A -656036.60000000 PA USD -656036.60000000 -0.34875079816 Short RA CORP CA N 2 Reverse repurchase N 0.55000000 N/A 766000.00000000 USD 804300.00000000 USD CDS N N N BARCLAYS CAPITAL INC. AC28XWWI3WIBK2824319 N/A -1031756.46000000 PA USD -1031756.46000000 -0.54848447317 Short RA CORP US N 2 Reverse repurchase N 0.52000000 N/A 1100000.00000000 USD 1189210.00000000 USD CDS N N N BOYD GAMING CORP 254900787YGRYS2A1Z35 103304BS9 1500000.00000000 PA USD 1650000.00000000 0.877144380310 Long DBT CORP US N 2 2025-06-01 Fixed 8.62500000 N N N N N N J.P. MORGAN SECURITIES LLC ZBUT11V806EZRVTWT807 N/A -241441.67000000 PA USD -241441.67000000 -0.12835103273 Short RA CORP US N 2 Reverse repurchase N 0.50000000 N/A 325000.00000000 USD 342062.50000000 USD CDS N N N JEFFERIES GROUP LLC 549300SKVB18YSSIDT75 N/A 423937.50000000 PA USD 423937.50000000 0.225366300441 Long LON CORP US N 3 2027-09-30 Variable 4.50000000 N N N N N N FT 1 INC 5493002GPK5LQJ7QPJ51 N/A 32060.00000000 NS USD 65914.05000000 0.035040083964 Long EC CORP US N 3 N N N J.P. MORGAN SECURITIES LLC ZBUT11V806EZRVTWT807 N/A -112268.80000000 PA USD -112268.80000000 -0.05968239212 Short RA CORP US N 2 Reverse repurchase N 0.45000000 N/A 140000.00000000 USD 148232.00000000 USD CDS N N N PREGIS TOPCO LLC N/A N/A 120000.00000000 PA USD 120000.00000000 0.063792318568 Long LON CORP US N 2 2026-07-31 Variable 5.00000000 N N N N N N PELICAN PRODUCTS INC 5493008CRWH2WFODTF44 N/A 940267.17700000 PA USD 930084.08000000 0.494435166053 Long LON CORP US N 2 2025-05-01 Variable 4.50000000 N N N N N N LPL HOLDINGS INC 549300Z5YF8CCRMYUL26 50212YAC8 400000.00000000 PA USD 409120.00000000 0.217489278104 Long DBT CORP US N 2 2027-11-15 Fixed 4.62500000 N N N N N N PICASSO FINANCE SUB INC N/A 71953LAA9 425000.00000000 PA USD 451562.50000000 0.240051823778 Long DBT CORP US N 2 2025-06-15 Fixed 6.12500000 N N N N N N HOME POINT CAPITAL INC N/A 43734LAA4 900000.00000000 PA USD 895500.00000000 0.476050177313 Long DBT CORP US N 2 2026-02-01 Fixed 5.00000000 N N N N N N CSC HOLDINGS LLC 3HG2WD2W22M120IUNG49 126307BD8 1125000.00000000 PA USD 1120477.50000000 0.595648813569 Long DBT CORP US N 2 2030-12-01 Fixed 4.62500000 N N N N N N IRON MOUNTAIN INC SQL3F6CKNNBM3SQGHX24 46284VAL5 1500000.00000000 PA USD 1587783.75000000 0.844070056642 Long DBT CORP US N 2 2032-07-15 Fixed 5.62500000 N N N N N N ENDO DAC/FIN LLC/FINCO N/A 29273DAC4 228000.00000000 PA USD 200184.00000000 0.106418345835 Long DBT CORP US N 2 2028-06-30 Fixed 6.00000000 N N N N N N US FOODS INC 5493000JOOFAOUY1JZ87 90290MAD3 850000.00000000 PA USD 864875.00000000 0.459769846012 Long DBT CORP US N 2 2029-02-15 Fixed 4.75000000 N N N N N N CARRIAGE SERVICES INC N/A 143905AN7 1610000.00000000 PA USD 1690500.00000000 0.898674287827 Long DBT CORP US N 2 2026-06-01 Fixed 6.62500000 N N N N N N BNP Paribas R0MUWSFPU8MPRO8K5P83 BGH736MF7 91700.00000000 NC USD -43099.00000000 -0.02291154281 N/A DCR FR N 2 BNP Paribas R0MUWSFPU8MPRO8K5P83 VanEck Vectors Fallen Angel High Yield Bond ETF ANGL Y VanEck Vectors Fallen Angel High Yield Bond ETF-Tenor Monthly 2021-05-20 0.00000000 USD 0.00000000 USD 2940819.00000000 USD -43099.00000000 N N N RBC Capital Markets, LLC 549300LCO2FLSSVFFR64 N/A -285314.67000000 PA USD -285314.67000000 -0.15167403600 Short RA CORP US N 2 Reverse repurchase N 0.50000000 N/A 336000.00000000 USD 350078.40000000 USD CDS N N N BP HOLDCO LLC N/A N/A 65965.00000000 NS USD 23258.60000000 0.012364333505 Long EC CORP US N 3 N N N HAWAIIAN BRAND INTELLECT N/A 41984LAA5 625000.00000000 PA USD 658987.50000000 0.350319504436 Long DBT CORP KY N 2 2026-01-20 Fixed 5.75000000 N N N N N N CREDIT SUISSE SECURITIES (USA) LLC 1V8Y6QCX6YMJ2OELII46 N/A -257125.50000000 PA USD -257125.50000000 -0.13668859839 Short RA CORP US N 2 Reverse repurchase N 0.45000000 N/A 325000.00000000 USD 346515.00000000 USD CDS N N N J.P. MORGAN SECURITIES LLC ZBUT11V806EZRVTWT807 N/A -641136.21000000 PA USD -641136.21000000 -0.34082971128 Short RA CORP US N 2 Reverse repurchase N 0.45000000 N/A 850000.00000000 USD 812770.00000000 USD CDS N N N ATD CORP HZ8T88YVE2JVXJ0BTQ24 N/A 225417.39000000 PA USD 220769.28000000 0.117361535331 Long LON CORP US N 2 2023-09-01 Variable 7.00000000 N N N N N N KRAFT HEINZ FOODS CO 5493003STKEZ2S0RNU91 50076QAE6 1725000.00000000 PA USD 2009787.94000000 1.068408604355 Long DBT CORP US N 2 2042-06-04 Fixed 5.00000000 N N N N N N PANDA HUMMEL STATION LLC N/A N/A 1392857.14000000 PA USD 1329677.14000000 0.706859897562 Long LON CORP US N 2 2022-10-27 Variable 7.00000000 N N N N N N CREDIT SUISSE SECURITIES (USA) LLC 1V8Y6QCX6YMJ2OELII46 N/A -343232.57000000 PA USD -343232.57000000 -0.18246334540 Short RA CORP US N 2 Reverse repurchase N 0.50000000 N/A 400000.00000000 USD 417000.00000000 USD CDS N N N TENET HEALTHCARE CORP 0W9AIBT6U6ADJ2I8HK17 88033GDE7 650000.00000000 PA USD 706875.00000000 0.375776626564 Long DBT CORP US N 2 2025-04-01 Fixed 7.50000000 N N N N N N WILTON RE LTD 5493004VQ9VSL29MT373 97263CAA9 1500000.00000000 PA USD 1474110.00000000 0.783640789369 Long DBT CORP CA N 3 N/A Variable 6.00000000 N N N N N N J.P. MORGAN SECURITIES LLC ZBUT11V806EZRVTWT807 N/A -1320055.00000000 PA USD -1320055.00000000 -0.70174474239 Short RA CORP US N 2 Reverse repurchase N 0.50000000 N/A 1500000.00000000 USD 1649550.00000000 USD CDS N N N FLIGHT BIDCO INC N/A N/A 2415000.00000000 PA USD 2179537.50000000 1.158647921091 Long LON CORP US N 2 2026-07-23 Variable 7.61000000 N N N N N N POWERTEAM SERVICES LLC 549300J2G34D0WX8Z443 73939VAA2 2850000.00000000 PA USD 3156375.00000000 1.677937329334 Long DBT CORP US N 2 2025-12-04 Fixed 9.03300000 N N N N N N KRONOS ACQ / KIK CUSTOM N/A 50106GAE2 250000.00000000 PA USD 257245.00000000 0.136752124916 Long DBT CORP US N 2 2026-12-31 Fixed 5.00000000 N N N N N N SIX FLAGS THEME PARKS 5493003MX0ZXTM8EVY68 83001WAC8 350000.00000000 PA USD 377310.50000000 0.200579263458 Long DBT CORP US N 2 2025-07-01 Fixed 7.00000000 N N N N N N DELTA AIR LINES INC Q2CCMS6R0AS67HJMBN42 247361ZX9 1400000.00000000 PA USD 1626090.91000000 0.864434244594 Long DBT CORP US N 2 2025-05-01 Fixed 7.00000000 N N N N N N COMPASS MINERALS INTERNA 2549008X9G8XP7YJGC47 20451NAG6 650000.00000000 PA USD 698750.00000000 0.371457354995 Long DBT CORP US N 2 2027-12-01 Fixed 6.75000000 N N N N N N BARCLAYS CAPITAL INC. AC28XWWI3WIBK2824319 N/A -1615119.71000000 PA USD -1615119.71000000 -0.85860192554 Short RA CORP US N 2 Reverse repurchase N 0.55000000 N/A 1577000.00000000 USD 1754412.50000000 USD CDS N N N TEAMSYSTEM SPA N/A N/A 750000.00000000 PA 905687.72000000 0.481465996311 Long DBT CORP IT N 2 2028-02-15 Variable 3.75000000 N N N N N N ONEX CORPORATION N/A N/A 513528.42070000 PA USD 437782.98000000 0.232726594365 Long LON CORP US N 2 2024-10-01 Variable 5.88000000 N N Y N N N AVISON YOUNG CANADA INC N/A N/A 592477.15870000 PA USD 592477.16000000 0.314962431125 Long LON CORP CA N 2 2026-01-31 Variable 5.22000000 N N N N N N HOWMET AEROSPACE INC 549300HO5WFZUT5N2T22 443201AA6 1500000.00000000 PA USD 1736175.00000000 0.922955239082 Long DBT CORP US N 2 2025-05-01 Fixed 6.87500000 N N N N N N PPP INTERMEDIATE HOLDINGS LLC N/A N/A 95808.00000000 NS USD 0.10000000 0.000000053160 Long EC CORP US N 3 N N N TRIPADVISOR INC 549300XVG45PT5BART17 896945AA0 225000.00000000 PA USD 242156.25000000 0.128730905360 Long DBT CORP US N 2 2025-07-15 Fixed 7.00000000 N N N N N N VECTOR PHOENIX HOLDINGS (CAYMAN) LP 549300DDK3ZCQPZWVP70 N/A 1203418.12960000 PA USD 1199663.47000000 0.637744285438 Long LON CORP US N 2 2024-01-15 Variable 6.00000000 N N N N N N RBC Capital Markets, LLC 549300LCO2FLSSVFFR64 N/A -564116.26000000 PA USD -564116.26000000 -0.29988570139 Short RA CORP US N 2 Reverse repurchase N 0.50000000 N/A 630000.00000000 USD 674100.00000000 USD CDS N N N KRAFT HEINZ FOODS CO 5493003STKEZ2S0RNU91 50077LAM8 150000.00000000 PA USD 180200.74000000 0.095795191768 Long DBT CORP US N 2 2045-07-15 Fixed 5.20000000 N N N N N N RBC Capital Markets, LLC 549300LCO2FLSSVFFR64 N/A -1243712.03000000 PA USD -1243712.03000000 -0.66116061687 Short RA CORP US N 2 Reverse repurchase N 0.50000000 N/A 1500000.00000000 USD 1513500.00000000 USD CDS N N N ONEMAIN FINANCE CORP 5493008I795YYBFWFU90 682691AA8 500000.00000000 PA USD 485065.00000000 0.257861841718 Long DBT CORP US N 2 2030-09-15 Fixed 4.00000000 N N N N N N JB POINDEXTER & CO INC 549300W6P81HOZZGPQ16 730481AJ7 1775000.00000000 PA USD 1872625.00000000 0.995492421320 Long DBT CORP US N 2 2026-04-15 Fixed 7.12500000 N N N N N N BRUIN E&P PARTNERS LLC N/A N/A 40617.00000000 NS USD 4434.16000000 0.002357211227 Long EC CORP US N 3 N N N EXTERRAN NRG SOLUTIONS/F N/A 30227KAE9 1350000.00000000 PA USD 1228500.00000000 0.653073861340 Long DBT CORP US N 2 2025-05-01 Fixed 8.12500000 N N N N N N J.P. MORGAN SECURITIES LLC ZBUT11V806EZRVTWT807 N/A -1131853.86000000 PA USD -1131853.86000000 -0.60169651674 Short RA CORP US N 2 Reverse repurchase N 0.50000000 N/A 1500000.00000000 USD 1549050.00000000 USD CDS N N N WOMENS CARE HOLDINGS INC N/A N/A 575000.00000000 PA USD 575000.00000000 0.305671526471 Long LON CORP US N 2 2028-01-15 Variable 5.25000000 N N N N N N ILLUMINATE BUYER/HLDG N/A 45232TAA9 750000.00000000 PA USD 834375.00000000 0.443555965043 Long DBT CORP US N 2 2028-07-01 Fixed 9.00000000 N N N N N N ASSURANT INC H3F39CAXWQRVWURFXL38 04621X306 18000.00000000 NS USD 451800.00000000 0.240178079408 Long EP CORP US N 2 N N N CLARIOS GLOBAL LP 549300474L1ZLXZY2P98 18060TAA3 1100000.00000000 PA USD 1180861.00000000 0.627748842471 Long DBT CORP US N 2 2025-05-15 Fixed 6.75000000 N N N N N N BMO Capital Markets Corp., New York Branch RUC0QBLBRPRCU4W1NE59 N/A -1327075.38000000 PA USD -1327075.38000000 -0.70547679503 Short RA CORP US N 2 Reverse repurchase N 0.50000000 N/A 1388000.00000000 USD 1492100.00000000 USD CDS N N N ALTICE FRANCE SA 5493001ZMCICV4N02J21 67054KAA7 1000000.00000000 PA USD 1043200.00000000 0.554567889418 Long DBT CORP FR N 2 2026-05-01 Fixed 7.37500000 N N N N N N 2021-03-30 Guggenheim Credit Allocation Fund John Sullivan John Sullivan CFO XXXX