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        <name>White Cap Supply Holdings LLC</name>
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        <name>Venture Global Plaquemines Lng LLC</name>
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        <name>Clear Channel Outdoor Holdings Inc.</name>
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        <name>Venture Global LNG Inc.</name>
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        <name>Synergy Infrastructure Holdings LLC</name>
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        <name>SS&amp;C Technologies, Inc.</name>
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        <name>STANDARD INDUSTRIES LTD</name>
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        <name>Opal Bidco SAS</name>
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        <name>Pennymac Financial Services Inc</name>
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        <name>EchoStar Corp.</name>
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        <name>Axon Enterprise Inc</name>
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        <name>X Corp (f/k/a Twitter Inc)</name>
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        <name>Wesco Distribution, Inc.</name>
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        <name>Builders Firstsource, Inc.</name>
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        <name>Clear Channel Outdoor Holdings Inc.</name>
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        <name>Cloud Software Group Inc.</name>
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        <name>Amer Sports Co.</name>
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        <name>PetsMart LLC</name>
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        <name>Station Casinos LLC</name>
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        <name>Kaseya Inc.</name>
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        <name>PETSMART LLC</name>
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        <name>Sunoco LP</name>
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        <name>Freedom Mortgage Holdings LLC</name>
        <lei>254900ROJ91RGM43S156</lei>
        <title>FREMOR 8.375 04/01/32 144A</title>
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        <name>Light &amp; Wonder International Inc.</name>
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        <name>ZipRecruiter Inc</name>
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        <name>PHOENIX AVIATION CAPITAL LTD</name>
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        <name>CACI International Inc.</name>
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      <invstOrSec>
        <name>BALDWIN INSURANCE GROUP HOLDINGS LLC (THE)</name>
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        <curCd>USD</curCd>
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        <name>DISH Network Corporation</name>
        <lei>529900U350CWHH15G169</lei>
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          <isin value="US25470MAG42"/>
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        <balance>7058000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Wrangler Holdco Corp.</name>
        <lei>N/A</lei>
        <title>GFLCN 6.625 04/01/32 144A</title>
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          <isin value="US37441QAA94"/>
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        <balance>618000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>645130.82000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

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          <maturityDt>2032-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>Cushman &amp; Wakefield U S Borrower LLC</name>
        <lei>549300870CMN3WI5IF97</lei>
        <title>CWK 8.875 09/01/31 144A</title>
        <cusip>23166MAC7</cusip>
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          <isin value="US23166MAC73"/>
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        <balance>737000.00000000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
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          <maturityDt>2031-09-01</maturityDt>
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      <invstOrSec>
        <name>Medline Borrower LP</name>
        <lei>254900QT3R363TVK6F09</lei>
        <title>MEDIND 3.875 04/01/29 144A</title>
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          <isin value="US62482BAA08"/>
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        <balance>5020000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4940465.13000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.87500000</annualizedRt>
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      <invstOrSec>
        <name>SEALED AIR CORP</name>
        <lei>Q0M0CZB4YN6JZ65WXI09</lei>
        <title>SEE 6.125 02/01/28 144A</title>
        <cusip>812127AA6</cusip>
        <identifiers>
          <isin value="US812127AA61"/>
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        <balance>2070000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2099897.01000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.12500000</annualizedRt>
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      <invstOrSec>
        <name>Sunoco LP</name>
        <lei>54930001NJU8E40NQ561</lei>
        <title>SUN 5.875 03/15/34 144A</title>
        <cusip>86765KAG4</cusip>
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          <isin value="US86765KAG40"/>
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        <balance>5056000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5078721.66000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.87500000</annualizedRt>
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        <name>Polaris Newco LLC</name>
        <lei>254900LEPDAG7EDOA064</lei>
        <title>Polaris Newco LLC</title>
        <cusip>73108RAB4</cusip>
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        <curCd>USD</curCd>
        <valUSD>2517779.34000000</valUSD>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-06-02</maturityDt>
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        <name>Park River Holdings Inc</name>
        <lei>254900PGY077KWCROT75</lei>
        <title>PRIMBP 8 03/15/31 144A</title>
        <cusip>70082LAC1</cusip>
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        <balance>568000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <name>UWN Holdings LLC</name>
        <lei>N/A</lei>
        <title>UWMC 6.25 03/15/31 144A</title>
        <cusip>903522AB6</cusip>
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          <maturityDt>2031-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>TransDigm, Inc.</name>
        <lei>88Q84GB3X55CF5OC7582</lei>
        <title>TDG 6.625 03/01/32 144A</title>
        <cusip>893647BV8</cusip>
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        <balance>2281000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2365949.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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          <maturityDt>2032-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>HOWDEN UK REFINANCE PLC</name>
        <lei>87550008DPN8BDG67910</lei>
        <title>HWDGRP 7.25 02/15/31 144A</title>
        <cusip>44287GAA4</cusip>
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          <isin value="US44287GAA40"/>
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        <valUSD>4661833.10000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Cloud Software Group Inc.</name>
        <lei>04EEB871XLHVNY4RZJ65</lei>
        <title>TIBX 6.625 08/15/33 144A</title>
        <cusip>18912UAG7</cusip>
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          <isin value="US18912UAG76"/>
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        <balance>548000.00000000</balance>
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        <issuerCat>CORP</issuerCat>
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        <name>CCO Holdings, LLC/ CCO Holdings Capital Corp.</name>
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        <title>CHTR 7.375 03/01/31 144A</title>
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          <maturityDt>2031-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>Trivium Packaging Finance BV</name>
        <lei>724500GMZWW3PVYET548</lei>
        <title>TRIVIU 8.25 07/15/30 144A</title>
        <cusip>89686QAD8</cusip>
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        <valUSD>843573.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
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          <maturityDt>2030-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>Molina Healthcare, Inc.</name>
        <lei>549300NQQCEQ46YHZ591</lei>
        <title>MOH 3.875 11/15/30 144A</title>
        <cusip>60855RAK6</cusip>
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        <balance>2000000.00000000</balance>
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        <valUSD>1823255.00000000</valUSD>
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        <name>Clear Channel Outdoor Holdings Inc.</name>
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        <name>Park River Holdings Inc</name>
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        <name>Athenahealth Group Inc.</name>
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        <name>DG Investment Intermediate Holdings 2 Inc</name>
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        <name>Williams Scotsman Inc.</name>
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        <name>SIX FLAGS ENTERTAINMENT CORP</name>
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        <name>Sinclair Television Group, Inc.</name>
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        <name>STANDARD BUILDING SOLUTIONS INC</name>
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        <name>Dream Finders Homes Inc</name>
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        <name>CoreLogic, Inc.</name>
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        <name>Block Inc</name>
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        <name>X Corp (f/k/a Twitter Inc)</name>
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        <title>Twitter Inc</title>
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        <name>CCO Holdings, LLC/ CCO Holdings Capital Corp.</name>
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        <name>Flash Charm Inc (fka Idera Inc)</name>
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        <name>SV RNO Property Owner 1 LLC</name>
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        <name>CCO Holdings, LLC/ CCO Holdings Capital Corp.</name>
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        <title>CHTR 7 02/01/33 144A</title>
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        <name>TransDigm, Inc.</name>
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        <name>CSC Holdings, LLC</name>
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        <name>Akorn Operating Company LLC</name>
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        <name>ALLIED UNIVERSAL HOLDCO LLC</name>
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          <isin value="US019576AF49"/>
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        <name>Azorra Finance Ltd.</name>
        <lei>254900MC1HXDAVUUP395</lei>
        <title>AZORRA 6.25 02/15/34 144A</title>
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        <name>McAfee Corp</name>
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        <name>US Foods Inc</name>
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        <name>C&amp;S Wholesale Grocers Inc</name>
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        <name>JANE STREET GROUP LLC</name>
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        <name>Jones Deslauriers Insurance Management Inc.</name>
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        <name>CCO Holdings, LLC/ CCO Holdings Capital Corp.</name>
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        <name>Opal Bidco SAS</name>
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        <name>Rb Global Holdings Inc.</name>
        <lei>254900LH3N0EGB1LQ203</lei>
        <title>RBACN 6.75 03/15/28 144A</title>
        <cusip>76774LAB3</cusip>
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        <name>Axon Enterprise Inc</name>
        <lei>549300QP2IEEGFE16681</lei>
        <title>AXON 6.125 03/15/30 144A</title>
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        <name>Herc Holdings Inc</name>
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        <name>Service Properties Trust</name>
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        <name>Rocket Companies Inc</name>
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        <name>Star Parent Inc</name>
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        <name>Service Properties Trust</name>
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        <name>Fiesta Purchaser Inc.</name>
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        <name>Garda World Security Corporation</name>
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        <name>WULF Compute LLC</name>
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        <name>Alpha Generation LLC</name>
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        <name>Ringcentral Inc</name>
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        <name>CP Atlas Buyer Inc.</name>
        <lei>2549006ZZ07G0NDDCR36</lei>
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        <name>ARDAGH METAL PACKAGING FINANCE USA LLC</name>
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        <name>US Foods Inc</name>
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        <name>Venture Global LNG Inc.</name>
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        <name>SPX Flow Inc.</name>
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        <name>Pac Dac LLC</name>
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        <name>RHP Hotel Properties LP / RHP Finance Corporation</name>
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        <name>Concentra Health Services Inc.</name>
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        <name>WH Borrower LLC</name>
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        <name>LBM Acquisition LLC</name>
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        <name>United Rentals (North America), Inc.</name>
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        <name>HIG Finance 2 Limited</name>
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        <invCountry>LU</invCountry>

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        <name>Six Flags Entertainment Corp.</name>
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        <name>Service Properties Trust</name>
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        <name>WarnerMedia Holdings Inc.</name>
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        <name>IVC Acquisition Ltd</name>
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        <name>Belron U.K Finance PLC</name>
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        <name>US Foods Inc</name>
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        <name>Broadstreet Partners Inc</name>
        <lei>549300BS9N54G8DD0R75</lei>
        <title>BROPAR 5.875 04/15/29 144A</title>
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        <name>HUB International Ltd</name>
        <lei>549300JQT6ATTUNS5E06</lei>
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        <name>ALBION FINANCING 1 SARL</name>
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        <title>AGKLN 7 05/21/30 144A</title>
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        <name>Clean Harbors, Inc.</name>
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        <name>Herc Holdings Inc</name>
        <lei>549300TP80QLITMSBP82</lei>
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        <name>RHP HOTEL PROPERTIES LP</name>
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        <name>EZCORP Inc.</name>
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        <name>Talen Energy Supply LLC</name>
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        <name>Post Holdings Inc.</name>
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        <name>ICON Investments Six DAC</name>
        <lei>635400FQ1M7J2CHLAS59</lei>
        <title>ICLR 5.849 05/08/29</title>
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        <invCountry>IE</invCountry>
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        <name>Genesee &amp; Wyoming Inc</name>
        <lei>G617XSG94Z7G0RMW3L02</lei>
        <title>GWR 6.25 04/15/32 144A</title>
        <cusip>371559AB1</cusip>
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        <name>Caesars Entertainment Inc.</name>
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        <name>AHP Health Partners Inc.</name>
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        <name>Graphic Packaging International LLC</name>
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        <name>Cipher Compute LLC</name>
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        <name>Builders Firstsource, Inc.</name>
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        <name>Gray Media Inc.</name>
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        <name>AECOM</name>
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        <name>Energizer Holdings Inc</name>
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        <name>Ford Motor Company</name>
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        <name>Clarivate Science Holdings Corp.</name>
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    <signature>
      <ncom:dateSigned>2026-04-23</ncom:dateSigned>
      <ncom:nameOfApplicant>First Trust High Yield Opportunities 2027 Term Fund</ncom:nameOfApplicant>
      <ncom:signature>Derek Maltbie</ncom:signature>
      <ncom:signerName>Derek Maltbie</ncom:signerName>
      <ncom:title>Treasurer, Chief Financial Officer and Chief Accounting Officer</ncom:title>
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  <documents>XXXX</documents>
</edgarSubmission>
