NPORT-P false 0000810573 XXXXXXXX S000006280 C000017251 DEUTSCHE DWS VARIABLE SERIES II 811-05002 0000810573 7WRERVUOG2HKG87QIP75 875 Third Avenue NEW YORK 10022-6225 212-454-4500 DWS High Income VIP S000006280 K51EGN1IWH8SDPBCGW36 2025-12-31 2025-03-31 N 47891294.20 5316426.64 42574867.56 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 271000.00000000 0.00000000 0.00000000 10499.78000000 EUR USD N AMS-OSRAM AG 5299001JPPT2QFTV5D76 000000000 100000.00000000 PA 108948.51000000 0.255898646887 Long DBT CORP AT N 2 2029-03-30 Fixed 10.50000000 N N N N N N FORD MOTOR CREDIT CO LLC UDSQCVRUX5BONN0VY111 345397A60 30000.00000000 PA USD 29980.05000000 0.070417247822 Long DBT CORP US N 2 2025-06-16 Fixed 5.12500000 N N N N N N NEPTUNE BIDCO US INC 549300VG15T3VCYZ4531 640695AA0 105000.00000000 PA USD 91103.28000000 0.213983707340 Long DBT CORP US N 2 2029-04-15 Fixed 9.29000000 N N N N N N LIGHTNING POWER LLC 254900BWCHJ03XRL8K59 53229KAA7 412000.00000000 PA USD 424186.96000000 0.996331836857 Long DBT CORP US N 2 2032-08-15 Fixed 7.25000000 N N N N N N Hercules Trust II N/A 427098116 1100.00000000 NS USD 5294.39000000 0.012435482018 N/A DE US N 3 N/A N/A Call Purchased Ashland Global Holdings Inc Ashland Global Holdings Inc 4.38690000 0.09300000 USD 2029-03-31 XXXX -238991.19000000 N N N ALLIANT HOLD / CO-ISSUER N/A 01883LAD5 130000.00000000 PA USD 125649.55000000 0.295126108901 Long DBT CORP US N 2 2029-11-01 Fixed 5.87500000 N N N N N MOOG INC 549300WM2I4U7OBAHG07 615394AM5 380000.00000000 PA USD 366082.39000000 0.859855616659 Long DBT CORP US N 2 2027-12-15 Fixed 4.25000000 N N N N N N DISH NETWORK CORP 529900U350CWHH15G169 25470MAG4 195000.00000000 PA USD 205349.93000000 0.482326644259 Long DBT CORP US N 2 2027-11-15 Fixed 11.75000000 N N N N N N KEHE DIST/FIN / NEXTWAVE N/A 487526AC9 75000.00000000 PA USD 77145.42000000 0.181199436243 Long DBT CORP US N 2 2029-02-15 Fixed 9.00000000 N N N N N N VENTURE GLOBAL LNG INC 54930011XLBUWMQUC829 92332YAD3 155000.00000000 PA USD 164623.21000000 0.386667579806 Long DBT CORP US N 2 2032-02-01 Fixed 9.87500000 N N N N N N BLUE RACER MID LLC/FINAN N/A 095796AK4 165000.00000000 PA USD 170693.49000000 0.400925475010 Long DBT CORP US N 2 2032-07-15 Fixed 7.25000000 N N N N N N COMMSCOPE LLC 549300Z6K4JXMFE8QY54 203372AX5 165000.00000000 PA USD 146693.19000000 0.344553485206 Long DBT CORP US N 2 2029-09-01 Fixed 4.75000000 N N N N N N CALDERYS FINANCING LLC 254900ZIKDM74XNEFV84 128786AA8 120000.00000000 PA USD 126381.32000000 0.296844892874 Long DBT CORP US N 2 2028-06-01 Fixed 11.25000000 N N N N N N NCR VOYIX CORP 549300YKTY8JX1DV2R67 62886EAY4 95000.00000000 PA USD 91410.95000000 0.214706363727 Long DBT CORP US N 2 2028-10-01 Fixed 5.00000000 N N N N N N CHS/COMMUNITY HEALTH SYS 5493007X5NC5XI1BB106 12543DBK5 115000.00000000 PA USD 90904.78000000 0.213517469835 Long DBT CORP US N 2 2031-02-15 Fixed 4.75000000 N N N N N N VELOCITY VEHICLE GROUP N/A 92262TAA4 100000.00000000 PA USD 102574.50000000 0.240927349581 Long DBT CORP US N 2 2029-06-01 Fixed 8.00000000 N N N N N N COMMERCIAL METALS CO 549300OQS2LO07ZJ7N73 201723AP8 265000.00000000 PA USD 236786.01000000 0.556163820512 Long DBT CORP US N 2 2031-02-15 Fixed 3.87500000 N N N N N N UNITI GROUP/CSL CAPITAL N/A 91327BAA8 80000.00000000 PA USD 71855.78000000 0.168775111041 Long DBT US N 2 2029-02-15 Fixed 6.50000000 N N N N N SUMMIT MIDSTREAM HOLDING N/A 86614JAA3 102000.00000000 PA USD 104097.32000000 0.244504154600 Long DBT CORP US N 2 2029-10-31 Fixed 8.62500000 N N N N N N TENNECO INC 549300U0EXXFAQFAD785 880349AU9 105000.00000000 PA USD 100143.14000000 0.235216562585 Long DBT CORP US N 2 2028-11-17 Fixed 8.00000000 N N N N N N KINETIK HOLDINGS LP 549300RD6AJIMYC0HY12 49461MAA8 85000.00000000 PA USD 84114.63000000 0.197568741421 Long DBT CORP US N 2 2030-06-15 Fixed 5.87500000 N N N N N N ALCOA NEDERLAND HOLDING 5493000UL1QLQLT1VQ42 013822AH4 200000.00000000 PA USD 205874.80000000 0.483559460777 Long DBT CORP NL N 2 2031-03-15 Fixed 7.12500000 N N N N N N VISTRA CORP 549300KP43CPCUJOOG15 92840MAC6 240000.00000000 PA USD 243023.52000000 0.570814506134 Long DBT CORP US N 2 N/A Fixed 7.00000000 N N N N N N CCO HLDGS LLC/CAP CORP N/A 1248EPBT9 220000.00000000 PA USD 216686.49000000 0.508953996614 Long DBT CORP US N 2 2027-05-01 Fixed 5.12500000 N N N N N N TEGNA INC 549300YC5EDBGX85AO10 87901JAJ4 220000.00000000 PA USD 208119.49000000 0.488831796614 Long DBT CORP US N 2 2028-03-15 Fixed 4.62500000 N N N N N N SLM CORP 4K8SLPBF5DXXGPW03H93 78442PGE0 135000.00000000 PA USD 130416.89000000 0.306323654010 Long DBT CORP US N 2 2026-11-02 Fixed 3.12500000 N N N N N N MCAFEE LLC 2549009UKR8UEZYVCR93 57906HAF4 154612.50000000 PA USD 147964.16000000 0.347538744052 Long LON CORP US N 2 2029-03-01 Floating 7.32300000 N N N N N N BUCKEYE PARTNERS LP 549300C1PQJLVEIUBK50 118230AV3 130000.00000000 PA USD 132148.90000000 0.310391805244 Long DBT CORP US N 2 2029-07-01 Fixed 6.87500000 N N N N N N EQUIPMENTSHARE.COM INC 254900PWJK48CGPKPI80 29450YAA7 45000.00000000 PA USD 46621.12000000 0.109503852089 Long DBT CORP US N 2 2028-05-15 Fixed 9.00000000 N N N N N N CABLEVISION LIGHTPATH LLC 5493002ZVBLRLGES1R71 12687HAD9 214674.48000000 PA USD 214674.48000000 0.504228180387 Long LON CORP US N 2 2027-11-30 Floating 0.00000000 N N N N N N MELCO RESORTS FINANCE 5493000FQDBWKDBZEF60 58547DAA7 400000.00000000 PA USD 398090.96000000 0.935037459456 Long DBT CORP KY N 2 2025-06-06 Fixed 4.87500000 N N N N N N AXALTA COATING SYSTEMS 549300G80QONCHILSF69 05453GAC9 150000.00000000 PA USD 137180.78000000 0.322210702844 Long DBT CORP US N 2 2029-02-15 Fixed 3.37500000 N N N N N N STARWOOD PROPERTY TRUST BUGSFQZERKRBFWIG5267 85571BBE4 71000.00000000 PA USD 70341.52000000 0.165218411779 Long DBT US N 2 2030-10-15 Fixed 6.50000000 N N N N N N ARSENAL AIC PARENT LLC N/A 04288BAC4 60000.00000000 PA USD 65245.81000000 0.153249590049 Long DBT CORP US N 2 2031-10-01 Fixed 11.50000000 N N N N N N HARVEST MIDSTREAM I LP 549300DW5M17KJOXCY66 417558AA1 110000.00000000 PA USD 111100.33000000 0.260952849338 Long DBT CORP US N 2 2028-09-01 Fixed 7.50000000 N N N N N N HOWARD MIDSTREAM ENERGY N/A 442722AC8 110000.00000000 PA USD 112697.70000000 0.264704757662 Long DBT CORP US N 2 2032-07-15 Fixed 7.37500000 N N N N N N TRANSOCEAN AQUILA LTD N/A 893790AA3 69307.69000000 PA USD 70436.37000000 0.165441195796 Long DBT CORP KY N 2 2028-09-30 Fixed 8.00000000 N N N N N N TERRAFORM POWER OPERATIN 5493000S2OLR3UT5BE13 88104LAE3 65000.00000000 PA USD 62909.62000000 0.147762338688 Long DBT CORP US N 2 2028-01-31 Fixed 5.00000000 N N N N N N TALLGRASS NRG PRTNR/FIN N/A 87470LAL5 105000.00000000 PA USD 105523.02000000 0.247852843819 Long DBT CORP US N 2 2029-02-15 Fixed 7.37500000 N N N N N N WESCO DISTRIBUTION INC 549300I2CEZJG9N4AH67 95081QAS3 93000.00000000 PA USD 93469.50000000 0.219541493272 Long DBT CORP US N 2 2033-03-15 Fixed 6.37500000 N N N N N N PANTHER ESCROW ISSUER N/A 69867RAA5 220000.00000000 PA USD 224164.87000000 0.526519242095 Long DBT CORP US N 2 2031-06-01 Fixed 7.12500000 N N N N N N ALTICE FRANCE SA 5493001ZMCICV4N02J21 000000000 100000.00000000 PA 86120.11000000 0.202279219961 Long DBT CORP FR N 2 2028-01-15 Fixed 3.37500000 N N N N N N BondBloxx CCC-Rated USD High Yield Corporate Bond ETF N/A 09789C887 5000.00000000 NS USD 189200.00000000 0.444393631367 Long EC RF US N 1 N N N HILLENBRAND INC U246OE781574J2BUD366 431571AE8 455000.00000000 PA USD 399023.03000000 0.937226708779 Long DBT CORP US N 2 2031-03-01 Fixed 3.75000000 N N N N N N ROLLER BEARING CO OF AME 254900U9XW6S76H2P167 775631AD6 180000.00000000 PA USD 168980.70000000 0.396902467780 Long DBT CORP US N 2 2029-10-15 Fixed 4.37500000 N N N N N N KRAKEN OIL & GAS PARTNER 549300DR5HSL4YAU3X12 50076PAA6 86000.00000000 PA USD 83960.50000000 0.197206720330 Long DBT CORP US N 2 2029-08-15 Fixed 7.62500000 N N N N N N 1261229 BC LTD N/A 68288AAA5 200000.00000000 PA USD 198772.51000000 0.466877576823 Long DBT CORP CA N 2 2032-04-15 Fixed 10.00000000 N N N N N N ECHOSTAR CORP 549300EE20907QZ9GT38 278768AC0 140000.00000000 PA USD 147106.80000000 0.345524973842 Long DBT CORP US N 2 2029-11-30 Fixed 10.75000000 N N N N N N TRANSDIGM INC 88Q84GB3X55CF5OC7582 893647BP1 230000.00000000 PA USD 218378.64000000 0.512928524539 Long DBT CORP US N 2 2029-01-15 Fixed 4.62500000 N N N N N N IRON MOUNTAIN INC SQL3F6CKNNBM3SQGHX24 46284VAJ0 245000.00000000 PA USD 234913.94000000 0.551766695853 Long DBT US N 2 2030-07-15 Fixed 5.25000000 N N N N N N FIESTA PURCHASER INC N/A 31659AAB2 42000.00000000 PA USD 43160.62000000 0.101375817409 Long DBT CORP US N 2 2032-09-15 Fixed 9.62500000 N N N N N N ASCENT RESOURCES/ARU FIN N/A 04364VAU7 120000.00000000 PA USD 117099.52000000 0.275043768098 Long DBT CORP US N 2 2029-06-30 Fixed 5.87500000 N N N N N N DISH DBS CORP N/A 25470XBF1 295000.00000000 PA USD 248787.54000000 0.584353056763 Long DBT CORP US N 2 2028-12-01 Fixed 5.75000000 N N N N N N ROCKIES EXPRESS PIPELINE W2ZGZGZKY5GGNY6F3V51 77340RAU1 24000.00000000 PA USD 24401.91000000 0.057315292797 Long DBT CORP US N 2 2033-03-15 Fixed 6.75000000 N N N N N N IRIS HOLDING INC 54930013SPZ2NB3I3V40 462914AA0 35000.00000000 PA USD 31206.20000000 0.073297233293 Long DBT CORP US N 2 2028-12-15 Fixed 10.00000000 N N N N N VIASAT INC UFC8NYMNFSYIHNSM2I38 92552VAN0 50000.00000000 PA USD 43601.14000000 0.102410512348 Long DBT CORP US N 2 2028-07-15 Fixed 6.50000000 N N N N N NGL ENRGY OP/FIN CORP 5299005YSRP46BE8Z459 62922LAD0 80000.00000000 PA USD 80171.55000000 0.188307221125 Long DBT CORP US N 2 2032-02-15 Fixed 8.37500000 N N N N N N VIKING BAKED GOODS ACQUI N/A 92676AAA5 70000.00000000 PA USD 64867.43000000 0.152360849763 Long DBT CORP US N 2 2031-11-01 Fixed 8.62500000 N N N N N N Buckeye Partners LP 549300C1PQJLVEIUBK50 118230AQ4 130000.00000000 PA USD 126693.67000000 0.297578541662 Long DBT CORP US N 2 2026-12-01 Fixed 3.95000000 N N N N N CLOUD SOFTWARE GRP INC 04EEB871XLHVNY4RZJ65 18912UAC6 185000.00000000 PA USD 188095.05000000 0.441798320887 Long DBT CORP US N 2 2032-06-30 Fixed 8.25000000 N N N N N N KAISER ALUMINUM CORP N/A 483007AL4 225000.00000000 PA USD 199130.85000000 0.467719247087 Long DBT CORP US N 2 2031-06-01 Fixed 4.50000000 N N N N N N JAGUAR LAND ROVER AUTOMO 529900L73GEWN1O5NH84 47010BAF1 200000.00000000 PA USD 192613.16000000 0.452410473687 Long DBT CORP GB N 2 2027-10-01 Fixed 4.50000000 N N N N N N DIRECTV FIN LLC/COINC N/A 25461LAA0 275000.00000000 PA USD 266487.61000000 0.625927043987 Long DBT CORP US N 2 2027-08-15 Fixed 5.87500000 N N N N N N RAKUTEN GROUP INC 529900IMXUCQKUL1H943 75102WAK4 200000.00000000 PA USD 217143.68000000 0.510027846108 Long DBT CORP JP N 2 2029-04-15 Fixed 9.75000000 N N N N N N CAPSTONE COPPER CORP 549300III6KGKKC42W63 14071LAA6 135000.00000000 PA USD 134464.05000000 0.315829637779 Long DBT CORP CA N 2 2033-03-31 Fixed 6.75000000 N N N N N N FORTRESS TRANS & INFRAST 529900E7PUVK6BC8PE80 34960PAF8 110000.00000000 PA USD 111762.50000000 0.262508156584 Long DBT CORP US N 2 2031-05-01 Fixed 7.00000000 N N N N N N GREAT CANADIAN GAMING CO 549300FU60SSFLTE0M84 389925AA6 119000.00000000 PA USD 119558.78000000 0.280820086713 Long DBT CORP CA N 2 2029-11-15 Fixed 8.75000000 N N N N N N ALTICE FRANCE SA 5493001ZMCICV4N02J21 02156LAC5 200000.00000000 PA USD 159793.16000000 0.375322741227 Long DBT CORP FR N 2 2028-01-15 Fixed 5.50000000 N N N N N N MAUSER PACKAGING SOLUT 549300DNGHXL0OMHW304 57763RAB3 115000.00000000 PA USD 114055.36000000 0.267893634288 Long DBT CORP US N 2 2026-08-15 Fixed 7.87500000 N N N N N N VIRGIN MEDIA VEND FIN IV 635400ZZNJSEA4CAJR23 92770QAA5 200000.00000000 PA USD 189032.44000000 0.444000065845 Long DBT CORP IE N 2 2028-07-15 Fixed 5.00000000 N N N N N N STAPLES INC XQM2JINI1UL7642TU573 855030AS1 25000.00000000 PA USD 16932.69000000 0.039771562356 Long DBT CORP US N 2 2030-01-15 Fixed 12.75000000 N N N N N N GULFPORT ENERGY OP CORP 549300FJX18IDUFPHD40 402635AT3 73000.00000000 PA USD 73971.10000000 0.173743582163 Long DBT CORP US N 2 2029-09-01 Fixed 6.75000000 N N N N N N VENTURE GLOBAL CALCASIEU 549300GKHS6RS20NLH85 92328MAC7 165000.00000000 PA USD 142007.32000000 0.333547297122 Long DBT CORP US N 2 2033-11-01 Fixed 3.87500000 N N N N N N CHS/COMMUNITY HEALTH SYS 5493007X5NC5XI1BB106 12543DBE9 85000.00000000 PA USD 56272.10000000 0.132172108159 Long DBT CORP US N 2 2028-04-01 Fixed 6.87500000 N N N N N N State Street Bank & Trust Co. 571474TGEMMWANRLN572 000000000 1.00000000 NC -2518.53000000 -0.00591553220 N/A DFE US N 2 State Street Bank & Trust Co. 571474TGEMMWANRLN572 777137.00000000 EUR 839159.45000000 USD 2025-04-30 -2518.53000000 N N N WYNDHAM HOTELS & RESORTS 549300FE3MQ4RVXXC673 98311AAB1 465000.00000000 PA USD 444106.39000000 1.043118664724 Long DBT CORP US N 2 2028-08-15 Fixed 4.37500000 N N N N N N CLEVELAND-CLIFFS INC 549300TM2WLI2BJMDD86 185899AL5 46000.00000000 PA USD 40023.38000000 0.094007056965 Long DBT CORP US N 2 2031-03-01 Fixed 4.87500000 N N N N N N KODIAK GAS SERVICES LLC 549300ZQBRWEUOVOM131 50012LAC8 235000.00000000 PA USD 239547.72000000 0.562650534760 Long DBT CORP US N 2 2029-02-15 Fixed 7.25000000 N N N N N N NABORS INDUSTRIES LTD 5493008TXYN3II3PU369 629571AB6 50000.00000000 PA USD 46024.52000000 0.108102555892 Long DBT CORP BM N 2 2028-01-15 Fixed 7.50000000 N N N N N N VISTRA OPERATIONS CO LLC 549300ZH5GKBTJZ7NM23 92840VAH5 220000.00000000 PA USD 208901.24000000 0.490667973788 Long DBT CORP US N 2 2029-05-01 Fixed 4.37500000 N N N N N N Olin Corp 549300GKK294V7W57P06 680665AK2 190000.00000000 PA USD 178923.10000000 0.420255212180 Long DBT CORP US N 2 2030-02-01 Fixed 5.00000000 N N N N N N MPT OPER PARTNERSP/FINL N/A 55342UAQ7 135000.00000000 PA USD 137523.69000000 0.323016131068 Long DBT US N 2 2032-02-15 Fixed 8.50000000 N N N N N N CHEMOURS CO 549300M1BOLNXL8DOV14 163851AF5 540000.00000000 PA USD 498063.98000000 1.169854443582 Long DBT CORP US N 2 2028-11-15 Fixed 5.75000000 N N N N N N BAUSCH HEALTH COS INC B3BS7ACMDUWISF18KY76 071734AQ0 80000.00000000 PA USD 76200.00000000 0.178978830392 Long DBT CORP CA N 2 2028-09-30 Fixed 11.00000000 N N N N N RAKUTEN GROUP INC 529900IMXUCQKUL1H943 000000000 200000.00000000 PA 203284.34000000 0.477474979137 Long DBT CORP JP N 2 N/A Fixed 4.25000000 N N N N N N NEW GOLD INC 5493005G0GNCHP0H6L96 644535AJ5 108000.00000000 PA USD 109077.19000000 0.256200890927 Long DBT CORP CA N 2 2032-04-01 Fixed 6.87500000 N N N N N N ROCKIES EXPRESS PIPELINE W2ZGZGZKY5GGNY6F3V51 77340RAM9 100000.00000000 PA USD 97622.22000000 0.229295416744 Long DBT CORP US N 2 2040-04-15 Fixed 6.87500000 N N N N N N WINDSOR HOLDINGS III LLC 254900IXUJZ9H146T437 97360BAH8 559254.00000000 PA USD 554477.97000000 1.302359823477 Long LON CORP US N 2 2030-08-01 Floating 0.00000000 N N N N N N SIGNATURE AVIATION US 213800CSNQ87U1MC8N11 05545MAC6 155000.00000000 PA USD 136400.00000000 0.320376804009 Long DBT CORP US N 2 2028-03-01 Fixed 4.00000000 N N N N N N ENVIRI CORP KAO98FK89NPNNPQGUZ43 415864AM9 125000.00000000 PA USD 119340.70000000 0.280307859635 Long DBT CORP US N 2 2027-07-31 Fixed 5.75000000 N N N N N N EQUIPMENTSHARE.COM INC 254900PWJK48CGPKPI80 29450YAC3 98000.00000000 PA USD 98678.73000000 0.231776951181 Long DBT CORP US N 2 2033-03-15 Fixed 8.00000000 N N N N N N CELANESE US HOLDINGS LLC CD30XVRLT4QO00B1C706 15089QAY0 295000.00000000 PA USD 308295.98000000 0.724126691798 Long DBT CORP US N 2 2033-11-15 Fixed 6.95000000 N N N N N GENESIS ENERGY LP/FIN N/A 37185LAR3 65000.00000000 PA USD 65505.83000000 0.153860325948 Long DBT CORP US N 2 2033-05-15 Fixed 8.00000000 N N N N N N CIVITAS RESOURCES INC IIVIHPH28S64K95M2381 17888HAC7 40000.00000000 PA USD 41266.87000000 0.096927770689 Long DBT CORP US N 2 2030-11-01 Fixed 8.62500000 N N N N N N TEVA PHARM FIN CO LLC 5493006PITD7MU7WW480 88163VAD1 190000.00000000 PA USD 189363.61000000 0.444777919116 Long DBT CORP US N 2 2036-02-01 Fixed 6.15000000 N N N N N N FREEDOM MORTGAGE HOLD 254900ROJ91RGM43S156 35641AAC2 89000.00000000 PA USD 86961.90000000 0.204256419300 Long DBT CORP US N 2 2032-04-01 Fixed 8.37500000 N N N N N N WALGREENS BOOTS ALLIANCE 549300RPTUOIXG4LIH86 931427AJ7 320000.00000000 PA 338230.54000000 0.794437092548 Long DBT CORP US N 2 2026-11-20 Fixed 2.12500000 N N N N N N UNIVISION COMMUNICATIONS 549300YQDE2JSGTL8V47 914906AY8 195000.00000000 PA USD 195609.08000000 0.459447301214 Long DBT CORP US N 2 2028-08-15 Fixed 8.00000000 N N N N N N MPT OPER PARTNERSP/FINL N/A 55342UAH7 100000.00000000 PA USD 90350.83000000 0.212216350110 Long DBT US N 2 2027-10-15 Fixed 5.00000000 N N N N N FIRSTCASH INC 549300V2X3UU7K0DG350 33767DAB1 150000.00000000 PA USD 143246.10000000 0.336456947982 Long DBT CORP US N 2 2028-09-01 Fixed 4.62500000 N N N N N N Lightning Power LLC 254900BWCHJ03XRL8K59 53229LAB3 224.44000000 PA USD 223.47000000 0.000524887128 Long LON CORP US N 2 2031-08-18 Floating 6.54900000 N N N N N N NOVELIS CORP 549300G5F3W3B52WYL23 670001AG1 195000.00000000 PA USD 188514.44000000 0.442783385607 Long DBT CORP US N 2 2026-11-15 Fixed 3.25000000 N N N N N N HILTON DOMESTIC OPERATIN 5493003EG7H0N1E4XV50 432833AN1 425000.00000000 PA USD 372509.10000000 0.874950695912 Long DBT CORP US N 2 2032-02-15 Fixed 3.62500000 N N N N N N DWS N/A 147539670 2663010.00000000 NS USD 2663010.00000000 6.254887337575 Long STIV RF US N 1 N N CSC HOLDINGS LLC 3HG2WD2W22M120IUNG49 126307BB2 400000.00000000 PA USD 289654.92000000 0.680342503923 Long DBT CORP US N 2 2030-12-01 Fixed 4.12500000 N N N N N N SAKS GLOBAL ENTERPRISES N/A 79380MAA3 33000.00000000 PA USD 26733.27000000 0.062791199437 Long DBT CORP US N 2 2029-12-15 Fixed 11.00000000 N N N N N N CAMELOT RETURN MERGER SU N/A 13323NAA0 45000.00000000 PA USD 37068.75000000 0.087067211536 Long DBT CORP US N 2 2028-08-01 Fixed 8.75000000 N N N N N N SPECIALTY BUILDING PRODU N/A 84749AAC1 86000.00000000 PA USD 79433.02000000 0.186572559240 Long DBT CORP US N 2 2029-10-15 Fixed 7.75000000 N N N N N N CSC HOLDINGS LLC 3HG2WD2W22M120IUNG49 126307BK2 280000.00000000 PA USD 132300.00000000 0.310746709460 Long DBT CORP US N 2 2031-11-15 Fixed 5.00000000 N N N N N N SM ENERGY CO 84BUTVXV5ODI6BXNMH43 78454LAY6 179000.00000000 PA USD 175673.68000000 0.412622962954 Long DBT CORP US N 2 2032-08-01 Fixed 7.00000000 N N N N N CLOUD SOFTWARE GRP INC 04EEB871XLHVNY4RZJ65 18912UAA0 215000.00000000 PA USD 214438.81000000 0.503674637854 Long DBT CORP US N 2 2029-09-30 Fixed 9.00000000 N N N N N N LITHIA MOTORS INC SE8N1EZEHPZQBCBVKD53 536797AF0 385000.00000000 PA USD 348818.80000000 0.819306835208 Long DBT CORP US N 2 2031-01-15 Fixed 4.37500000 N N N N N N XPLR INFRASTRUCTURE LP 5493008F4ZOQFNG3WN54 65341BAG1 465000.00000000 PA USD 443377.50000000 1.041406645305 Long DBT CORP US N 2 2026-06-15 Fixed 2.50000000 N N N N N NextEra Energy Partners LP USD XXXX N N N FIRSTCASH INC 549300V2X3UU7K0DG350 33767DAD7 70000.00000000 PA USD 70871.71000000 0.166463723933 Long DBT CORP US N 2 2032-03-01 Fixed 6.87500000 N N N N N N BUCKEYE PARTNERS LP 549300C1PQJLVEIUBK50 118230AU5 80000.00000000 PA USD 76761.25000000 0.180297096383 Long DBT CORP US N 2 2028-03-01 Fixed 4.50000000 N N N N N N NRG ENERGY INC 5E2UPK5SW04M13XY7I38 629377CX8 175000.00000000 PA USD 172271.70000000 0.404632380258 Long DBT CORP US N 2 2034-11-01 Fixed 6.25000000 N N N N N N Tenet Healthcare Corp 0W9AIBT6U6ADJ2I8HK17 88033GAV2 165000.00000000 PA USD 168927.35000000 0.396777159111 Long DBT CORP US N 2 2031-11-15 Fixed 6.87500000 N N N N N N SUNOCO LP/FINANCE CORP N/A 86765LAZ0 230000.00000000 PA USD 215091.61000000 0.505207936811 Long DBT CORP US N 2 2030-04-30 Fixed 4.50000000 N N N N N N VENTURE GLOBAL LNG INC 54930011XLBUWMQUC829 92332YAC5 105000.00000000 PA USD 112592.67000000 0.264458062826 Long DBT CORP US N 2 2029-02-01 Fixed 9.50000000 N N N N N N UKG INC 529900FKHWSTQ1GXK240 90279XAA0 95000.00000000 PA USD 96371.71000000 0.226358214418 Long DBT CORP US N 2 2031-02-01 Fixed 6.87500000 N N N N N N ACADIA HEALTHCARE CO INC 5493005CW985Y9D0NC11 00404AAQ2 66000.00000000 PA USD 65934.97000000 0.154868291503 Long DBT CORP US N 2 2033-03-15 Fixed 7.37500000 N N N N N N BAUSCH HEALTH COS INC B3BS7ACMDUWISF18KY76 071734AM9 65000.00000000 PA USD 41713.10000000 0.097975877297 Long DBT CORP CA N 2 2029-02-15 Fixed 5.00000000 N N N N N AFFINITY INTERACTIVE N/A 00842XAA7 45000.00000000 PA USD 34101.72000000 0.080098240944 Long DBT CORP US N 2 2027-12-15 Fixed 6.87500000 N N N N N N Altice Financing SA 549300DIYGW8HVDF7Q17 000000000 204237.87000000 PA USD 167985.65000000 0.394565290809 Long LON CORP LU N 2 2027-10-31 Floating 9.30200000 N N N N N N LIFEPOINT HEALTH INC 549300G8ZVHRTBBBSZ90 53219LAU3 45000.00000000 PA USD 39493.18000000 0.092761721323 Long DBT CORP US N 2 2029-01-15 Fixed 5.37500000 N N N N N UNIVISION COMMUNICATIONS 549300YQDE2JSGTL8V47 914906AZ5 40000.00000000 PA USD 39085.59000000 0.091804372485 Long DBT CORP US N 2 2031-07-31 Fixed 8.50000000 N N N N N N NABORS INDUSTRIES INC 549300VFQWRKICUFNU92 62957HAQ8 2000.00000000 PA USD 1736.58000000 0.004078885266 Long DBT CORP US N 2 2031-08-15 Fixed 8.87500000 N N N N N N PERMIAN RESOURC OPTG LLC 5493004CTVUMQLRPOE23 71424VAA8 100000.00000000 PA USD 102259.67000000 0.240187875760 Long DBT CORP US N 2 2032-01-15 Fixed 7.00000000 N N N N N N ACADIA HEALTHCARE CO INC 5493005CW985Y9D0NC11 00404AAN9 265000.00000000 PA USD 257843.45000000 0.605623610306 Long DBT CORP US N 2 2028-07-01 Fixed 5.50000000 N N N N N N United States Treasury 254900HROIFWPRGM1V77 91282CLF6 40000.00000000 PA USD 38987.50000000 0.091573978345 Long DBT UST US N 2 2034-08-15 Fixed 3.87500000 N N N N N N GLOBAL PART/GLP FINANCE N/A 37954FAK0 100000.00000000 PA USD 102796.17000000 0.241448008863 Long DBT CORP US N 2 2032-01-15 Fixed 8.25000000 N N N N N N VIRGIN MEDIA SECURED FIN 213800X3RLP4NOTPY579 92769XAP0 345000.00000000 PA USD 326763.18000000 0.767502516688 Long DBT CORP GB N 2 2029-05-15 Fixed 5.50000000 N N N N N N BAUSCH HEALTH COS INC B3BS7ACMDUWISF18KY76 071734AP2 185000.00000000 PA USD 187590.00000000 0.440612057654 Long DBT CORP CA N 2 2027-02-01 Fixed 6.12500000 N N N N N N ALUMINA PTY LTD N/A 02220AAB3 239000.00000000 PA USD 234968.07000000 0.551893836590 Long DBT CORP AU N 2 2032-09-15 Fixed 6.37500000 N N N N N N MOSS CREEK RESOURCES HLD 54930037SLMSPWKYIX36 61965RAC9 68000.00000000 PA USD 66305.35000000 0.155738241361 Long DBT CORP US N 2 2031-09-01 Fixed 8.25000000 N N N N N N SCIH SALT HOLDINGS INC N/A 78433BAA6 145000.00000000 PA USD 137917.88000000 0.323942005939 Long DBT CORP US N 2 2028-05-01 Fixed 4.87500000 N N N N N N SIRIUS XM RADIO LLC WP5O65E6BMU84LNO4227 82967NBL1 345000.00000000 PA USD 334240.66000000 0.785065648246 Long DBT CORP US N 2 2026-09-01 Fixed 3.12500000 N N N N N N BLOCK INC 549300OHIIUWSTIZME52 852234AP8 720000.00000000 PA USD 633028.75000000 1.486860174275 Long DBT CORP US N 2 2031-06-01 Fixed 3.50000000 N N N N N N COMMSCOPE TECH LLC M4TWC4QDOKW45N7T6Y12 20338HAB9 75000.00000000 PA USD 67257.16000000 0.157973856067 Long DBT CORP US N 2 2027-03-15 Fixed 5.00000000 N N N N N N IAMGOLD CORP 254900E7II30XAB9LA72 450913AF5 145000.00000000 PA USD 141591.35000000 0.332570265310 Long DBT CORP CA N 2 2028-10-15 Fixed 5.75000000 N N N N N N PLAYTIKA HOLDING CORP 254900E35Z4TKA4UFG64 72815LAA5 110000.00000000 PA USD 96832.49000000 0.227440496117 Long DBT CORP US N 2 2029-03-15 Fixed 4.25000000 N N N N N N PENN ENTERTAINMENT INC N/A 707569AV1 45000.00000000 PA USD 39952.84000000 0.093841372362 Long DBT CORP US N 2 2029-07-01 Fixed 4.12500000 N N N N N N ARDONAGH GROUP FINANCE 254900SRT1BTAJ76NW62 039956AA5 200000.00000000 PA USD 203603.70000000 0.478225093038 Long DBT CORP JE N 2 2032-02-15 Fixed 8.87500000 N N N N N N CCO HLDGS LLC/CAP CORP N/A 1248EPCE1 105000.00000000 PA USD 95582.25000000 0.224503927969 Long DBT CORP US N 2 2030-08-15 Fixed 4.50000000 N N N N N N KONTOOR BRANDS INC 549300M0CPXV65RFF271 50050NAA1 105000.00000000 PA USD 96479.85000000 0.226612214034 Long DBT CORP US N 2 2029-11-15 Fixed 4.12500000 N N N N N N GARDA WORLD SECURITY CORP 549300ZF1NDXLMCHNO20 000000000 107000.00000000 PA USD 106754.97000000 0.250746452351 Long LON CORP CA N 2 2029-02-01 Floating 7.32200000 N N N N N N SIMMONS FOOD INC/SIMMONS N/A 82873MAA1 75000.00000000 PA USD 69528.17000000 0.163308012413 Long DBT CORP US N 2 2029-03-01 Fixed 4.62500000 N N N N N N MATCH GROUP HLD II LLC 5493003RFFE030RC9167 57665RAN6 135000.00000000 PA USD 129543.48000000 0.304272185503 Long DBT CORP US N 2 2028-06-01 Fixed 4.62500000 N N N N N N CTR PARTNERSHIP/CARETRST N/A 126458AE8 110000.00000000 PA USD 103104.76000000 0.242172826150 Long DBT US N 2 2028-06-30 Fixed 3.87500000 N N N N N N ILIAD HOLDING SAS 9695009PXA7OI9NXN582 449691AC8 200000.00000000 PA USD 202426.70000000 0.475460551262 Long DBT CORP FR N 2 2028-10-15 Fixed 7.00000000 N N N N N N EDISON INTERNATIONAL 549300I7ROF15MAEVP56 281020AX5 75000.00000000 PA USD 73140.00000000 0.171791491534 Long DBT CORP US N 2 2053-06-15 Fixed 8.12500000 N N N N N TELENET FINANCE LUX NOTE 2138007RI9GLJPCC3E25 000000000 200000.00000000 PA USD 194000.00000000 0.455667888400 Long DBT CORP LU N 2 2028-03-01 Fixed 5.50000000 N N N N N N NGL ENRGY OP/FIN CORP 5299005YSRP46BE8Z459 62922LAC2 120000.00000000 PA USD 120838.50000000 0.283825897590 Long DBT CORP US N 2 2029-02-15 Fixed 8.12500000 N N N N N N CONSOLIDATED ENERGY FIN 549300PUNIS0USNSL750 20914UAF3 150000.00000000 PA USD 129000.00000000 0.302995657750 Long DBT CORP LU N 2 2028-10-15 Fixed 5.62500000 N N N N N ALBERTSONS COS/SAFEWAY N/A 013092AG6 100000.00000000 PA USD 92030.74000000 0.216162128679 Long DBT CORP US N 2 2029-03-15 Fixed 3.50000000 N N N N N N NISSAN MOTOR ACCEPTANCE 7D6DIU2QXTUJRFNNJA49 65480CAC9 135000.00000000 PA USD 128143.95000000 0.300984964473 Long DBT CORP US N 2 2026-09-16 Fixed 1.85000000 N N N N N N NAVIENT CORP 54930067J0ZNOEBRW338 63938CAK4 90000.00000000 PA USD 88063.27000000 0.206843321064 Long DBT CORP US N 2 2027-03-15 Fixed 5.00000000 N N N N N N TRANSDIGM INC 88Q84GB3X55CF5OC7582 89364MCD4 218900.00000000 PA USD 218016.74000000 0.512078492534 Long LON CORP US N 2 2032-01-19 Floating 6.79900000 N N N N N N ZIGGO BV 213800TQASLF9JXH5J59 98955DAA8 200000.00000000 PA USD 183207.54000000 0.430318520056 Long DBT CORP NL N 2 2030-01-15 Fixed 4.87500000 N N N N N N STENA INTERNATIONAL SA 213800A4LTGG4W55QP46 85858EAD5 400000.00000000 PA USD 399815.12000000 0.939087172582 Long DBT CORP LU N 2 2031-01-15 Fixed 7.25000000 N N N N N N CHARLES RIVER LABORATORI 549300BSQ0R4UZ5KX287 159864AJ6 35000.00000000 PA USD 31322.60000000 0.073570634026 Long DBT CORP US N 2 2031-03-15 Fixed 4.00000000 N N N N N N GARRETT MOTION HLD/SARL N/A 366504AA6 70000.00000000 PA USD 69188.74000000 0.162510758025 Long DBT CORP US N 2 2032-05-31 Fixed 7.75000000 N N N N N N ASCENT RESOURCES/ARU FIN N/A 04364VAX1 166000.00000000 PA USD 165225.75000000 0.388082827896 Long DBT CORP US N 2 2032-10-15 Fixed 6.62500000 N N N N N N BAUSCH HEALTH COS INC B3BS7ACMDUWISF18KY76 071734AN7 70000.00000000 PA USD 56525.00000000 0.132766120576 Long DBT CORP CA N 2 2028-06-01 Fixed 4.87500000 N N N N N N FIRST QUANTUM MINERALS L 549300I7UVBGWRYMYZ18 335934AW5 200000.00000000 PA USD 202651.20000000 0.475987857658 Long DBT CORP CA N 2 2033-03-01 Fixed 8.00000000 N N N N N N MCGRAW-HILL EDUCATION 254900U6YJ9QZ4IQOR26 58064LAA2 60000.00000000 PA USD 60331.26000000 0.141706277570 Long DBT CORP US N 2 2031-09-01 Fixed 7.37500000 N N N N N N LEVEL 3 FINANCING INC 254900AE5FEFIJOXWL19 527298BU6 55000.00000000 PA USD 58932.15000000 0.138420043038 Long DBT CORP US N 2 2030-05-15 Fixed 10.50000000 N N N N N N CHS/COMMUNITY HEALTH SYS 5493007X5NC5XI1BB106 12543DBG4 140000.00000000 PA USD 133688.95000000 0.314009080149 Long DBT CORP US N 2 2027-03-15 Fixed 5.62500000 N N N N N N SCIL IV LLC / SCIL USA H N/A 78397UAA8 200000.00000000 PA USD 196721.10000000 0.462059217736 Long DBT CORP US N 2 2026-11-01 Fixed 5.37500000 N N N N N N TRANSOCEAN TITAN FIN LTD N/A 89386MAA6 81428.58000000 PA USD 83183.37000000 0.195381394628 Long DBT CORP KY N 2 2028-02-01 Fixed 8.37500000 N N N N N N LEVEL 3 FINANCING INC 254900AE5FEFIJOXWL19 527298CB7 80000.00000000 PA USD 67628.94000000 0.158847094250 Long DBT CORP US N 2 2029-06-15 Fixed 4.87500000 N N N N N N NRG ENERGY INC 5E2UPK5SW04M13XY7I38 629377CS9 270000.00000000 PA USD 236757.71000000 0.556097349372 Long DBT CORP US N 2 2032-02-15 Fixed 3.87500000 N N N N N N AMERITEX HOLDCO INTERMED N/A 030727AA9 135000.00000000 PA USD 138558.33000000 0.325446297172 Long DBT CORP US N 2 2028-10-15 Fixed 10.25000000 N N N N N SEADRILL FINANCE LTD 213800WMN3OHFUDHD642 81172QAA2 200000.00000000 PA USD 199858.10000000 0.469427414467 Long DBT CORP BM N 2 2030-08-01 Fixed 8.37500000 N N N N N N CLEVELAND-CLIFFS INC 549300TM2WLI2BJMDD86 185899AS0 21000.00000000 PA USD 20502.84000000 0.048157143345 Long DBT CORP US N 2 2031-09-15 Fixed 7.50000000 N N N N N N FORTRESS TRANS & INFRAST 529900E7PUVK6BC8PE80 34960PAD3 110000.00000000 PA USD 107813.01000000 0.253231580457 Long DBT CORP US N 2 2028-05-01 Fixed 5.50000000 N N N N N N DIRECTV FINANCING LLC N/A 25461LAB8 40000.00000000 PA USD 38169.00000000 0.089651482641 Long DBT CORP US N 2 2030-02-01 Fixed 8.87500000 N N N N N N IHEARTCOMMUNICATIONS INC 54930076J6KDZL504O62 45174HBG1 55000.00000000 PA USD 41371.00000000 0.097172351603 Long DBT CORP US N 2 2028-01-15 Fixed 4.75000000 N N N N N N INTERNATIONAL GAME TECH 549300UQ6KHRCZDRGZ76 460599AF0 220000.00000000 PA USD 217255.13000000 0.510289620264 Long DBT CORP GB N 2 2026-04-15 Fixed 4.12500000 N N N N N N VITAL ENERGY INC 549300X0PTWU2QSLSL14 516806AK2 75000.00000000 PA USD 69818.91000000 0.163990903557 Long DBT CORP US N 2 2032-04-15 Fixed 7.87500000 N N N N N AVIS BUDGET CAR/FINANCE N/A 053773BG1 100000.00000000 PA USD 91592.03000000 0.215131685074 Long DBT CORP US N 2 2028-04-01 Fixed 4.75000000 N N N N N ALBERTSONS COS/SAFEWAY N/A 01309QAB4 39000.00000000 PA USD 39380.00000000 0.092495883738 Long DBT CORP US N 2 2033-03-15 Fixed 6.25000000 N N N N N N ENCINO ACQUISITION PARTN 549300BUKUEKT2UE4T49 29254BAB3 45000.00000000 PA USD 47818.02000000 0.112315135056 Long DBT CORP US N 2 2031-05-01 Fixed 8.75000000 N N N N N N TRAVEL + LEISURE CO T4VNTWMFQ7JQB65L7T35 98310WAS7 210000.00000000 PA USD 211542.66000000 0.496872150457 Long DBT CORP US N 2 2026-07-31 Fixed 6.62500000 N N N N N N STARWOOD PROPERTY TRUST BUGSFQZERKRBFWIG5267 85571BAU9 180000.00000000 PA USD 174407.53000000 0.409649025341 Long DBT US N 2 2026-07-15 Fixed 3.62500000 N N N N N N MINERAL RESOURCES LTD 5299007V1ACKFFX2P066 603051AE3 155000.00000000 PA USD 154983.45000000 0.364025677312 Long DBT CORP AU N 2 2028-10-01 Fixed 9.25000000 N N N N N N SNAP INC 549300JNC0L6VP8A2Q35 83304AAL0 102000.00000000 PA USD 101992.29000000 0.239559852667 Long DBT CORP US N 2 2033-03-01 Fixed 6.87500000 N N N N N N POST HOLDINGS INC JM1I5YUAURL6DC8N1468 737446AP9 290000.00000000 PA USD 281877.49000000 0.662074848742 Long DBT CORP US N 2 2029-12-15 Fixed 5.50000000 N N N N N N AMERICAN AIRLINES/AADVAN N/A 00253XAA9 114583.35000000 PA USD 114270.00000000 0.268397781482 Long DBT CORP XX N 2 2026-04-20 Fixed 5.50000000 N N N N N N STARWOOD PROPERTY TRUST BUGSFQZERKRBFWIG5267 85571BBC8 275000.00000000 PA USD 268723.79000000 0.631179391506 Long DBT US N 2 2030-04-15 Fixed 6.00000000 N N N N N N IMOLA MERGER CORP N/A 45258LAA5 130000.00000000 PA USD 123454.14000000 0.289969522103 Long DBT CORP US N 2 2029-05-15 Fixed 4.75000000 N N N N N N TRANSOCEAN INC DOL4HJ22ADYSIWES4H94 893830BX6 88000.00000000 PA USD 91396.28000000 0.214671906779 Long DBT CORP KY N 2 2030-02-15 Fixed 8.75000000 N N N N N N HESS MIDSTREAM OPERATION N/A 428102AE7 265000.00000000 PA USD 249308.03000000 0.585575585522 Long DBT CORP US N 2 2030-02-15 Fixed 4.25000000 N N N N N N HOWARD MIDSTREAM ENERGY N/A 442722AB0 85000.00000000 PA USD 88628.07000000 0.208169925308 Long DBT CORP US N 2 2028-07-15 Fixed 8.87500000 N N N N N N EMRLD BOR / EMRLD CO-ISS 98450099EE3A0ZD5F786 29103CAA6 130000.00000000 PA USD 130057.61000000 0.305479775871 Long DBT CORP US N 2 2030-12-15 Fixed 6.62500000 N N N N N N SPDR Portfolio High Yield Bond ETF N/A 78468R606 30000.00000000 NS USD 702600.00000000 1.650269373145 Long EC RF US N 1 N N N ROCKET SOFTWARE INC 549300PVG26ISP5X1556 77314EAA6 40000.00000000 PA USD 37700.09000000 0.088550105169 Long DBT CORP US N 2 2029-02-15 Fixed 6.50000000 N N N N N N TRANSMONTAIGNE PARTNERS N/A 89377AAA3 66000.00000000 PA USD 66485.79000000 0.156162059473 Long DBT CORP US N 2 2030-06-15 Fixed 8.50000000 N N N N N N VENTURE GLOBAL LNG INC 54930011XLBUWMQUC829 92332YAF8 87000.00000000 PA USD 82562.03000000 0.193921989031 Long DBT CORP US N 2 N/A Fixed 9.00000000 N N N N N N NRG Energy Inc 5E2UPK5SW04M13XY7I38 629377CH3 75000.00000000 PA USD 73090.08000000 0.171674239260 Long DBT CORP US N 2 2029-06-15 Fixed 5.25000000 N N N N N N TALEN ENERGY SUPPLY LLC K5K33XN0PQAU1XF7NN66 87422VAK4 70000.00000000 PA USD 74249.14000000 0.174396643501 Long DBT CORP US N 2 2030-06-01 Fixed 8.62500000 N N N N N N ARDAGH PKG FIN/HLDGS USA N/A 000000000 100000.00000000 PA 100020.22000000 0.234927847653 Long DBT CORP XX N 2 2026-08-15 Fixed 2.12500000 N N N N N N DWS 5493003GD84DGSXJ7618 25160K306 1070630.49000000 NS USD 1070630.49000000 2.514700693997 Long STIV RF US N 1 N N N HUGHES SATELLITE SYSTEMS N/A 444454AF9 55000.00000000 PA USD 45371.43000000 0.106568575782 Long DBT CORP US N 2 2026-08-01 Fixed 6.62500000 N N N N N PRIME SECSRVC BRW/FINANC N/A 74166MAF3 65000.00000000 PA USD 61595.59000000 0.144675940361 Long DBT CORP US N 2 2027-08-31 Fixed 3.37500000 N N N N N N EMBECTA CORP 549300RPG8GXVDHNXZ62 29082KAA3 65000.00000000 PA USD 58166.10000000 0.136620742079 Long DBT CORP US N 2 2030-02-15 Fixed 5.00000000 N N N N N N SPIRIT AEROSYSTEMS INC ZD2NBKV6GCC3UMGBM518 85205TAN0 90000.00000000 PA USD 96009.92000000 0.225508440783 Long DBT CORP US N 2 2029-11-30 Fixed 9.37500000 N N N N N N ASHLAND INC 529900E4L9R04SB8HB11 04433LAA0 695000.00000000 PA USD 597208.70000000 1.402725913729 Long DBT CORP US N 2 2031-09-01 Fixed 3.37500000 N N N N N N TRANSDIGM INC 88Q84GB3X55CF5OC7582 893647BU0 30000.00000000 PA USD 30305.85000000 0.071182488018 Long DBT CORP US N 2 2029-03-01 Fixed 6.37500000 N N N N N N ELEMENT SOLUTIONS INC 549300FLGN6P5CU20J91 28618MAA4 480000.00000000 PA USD 451943.13000000 1.061525627444 Long DBT CORP US N 2 2028-09-01 Fixed 3.87500000 N N N N N N VENTURE GLOBAL LNG INC 54930011XLBUWMQUC829 92332YAE1 127000.00000000 PA USD 125118.87000000 0.293879645834 Long DBT CORP US N 2 2030-01-15 Fixed 7.00000000 N N N N N FREEDOM MORTGAGE CORP 549300LYRWPSYPK6S325 35640YAK3 80000.00000000 PA USD 85929.68000000 0.201831937301 Long DBT CORP US N 2 2028-10-01 Fixed 12.00000000 N N N N N N ZAYO GROUP HOLDINGS INC 529900Z6OTS7RT0V0I47 98919VAA3 110000.00000000 PA USD 100192.25000000 0.235331912327 Long DBT CORP US N 2 2027-03-01 Fixed 4.00000000 N N N N N MATCH GROUP HLD II LLC 5493003RFFE030RC9167 57665RAG1 150000.00000000 PA USD 147033.84000000 0.345353605135 Long DBT CORP US N 2 2027-12-15 Fixed 5.00000000 N N N N N N Lumen Technologies Inc 8M3THTGWLTYZVE6BBY25 55024EAF2 65000.00000000 PA USD 62634.00000000 0.147114961454 Long LON CORP US N 2 2029-04-15 Floating 6.78900000 N N N N N N WINDSTREAM SERVICES/ESCR N/A 97381AAA0 83000.00000000 PA USD 84502.88000000 0.198480664398 Long DBT CORP US N 2 2031-10-01 Fixed 8.25000000 N N N N N N MIDWEST GMNG BOR/MWG FIN N/A 59833DAB6 205000.00000000 PA USD 192396.60000000 0.451901816790 Long DBT CORP US N 2 2029-05-01 Fixed 4.87500000 N N N N N N ALLIANT HOLD / CO-ISSUER N/A 01883LAG8 99000.00000000 PA USD 97186.70000000 0.228272465822 Long DBT CORP US N 2 2031-10-01 Fixed 6.50000000 N N N N N N OWENS & MINOR INC 549300LMT5KQQXCEZ733 690732AF9 35000.00000000 PA USD 29322.70000000 0.068873261810 Long DBT CORP US N 2 2029-03-31 Fixed 4.50000000 N N N N N N ATS CORP 5493005KP4RP3IU7HQ41 001940AC9 220000.00000000 PA USD 204334.02000000 0.479940471246 Long DBT CORP CA N 2 2028-12-15 Fixed 4.12500000 N N N N N N Gray Television Inc 529900TM5726KDN7UU35 389376AZ7 99731.21000000 PA USD 91638.52000000 0.215240880951 Long LON CORP US N 2 2028-12-01 Floating 7.43700000 N N N N N N AETHON UN/AETHIN UN FIN N/A 00810GAD6 295000.00000000 PA USD 300058.07000000 0.704777459559 Long DBT CORP US N 2 2029-10-01 Fixed 7.50000000 N N N N N N TRIDENT TPI HOLDINGS INC 549300TPLK304J3RNC85 89616RAC3 60000.00000000 PA USD 64351.62000000 0.151149313404 Long DBT CORP US N 2 2028-12-31 Fixed 12.75000000 N N N N N N HLF FIN SARL LLC/HERBALI N/A 40390DAC9 80000.00000000 PA USD 61696.31000000 0.144912511854 Long DBT CORP US N 2 2029-06-01 Fixed 4.87500000 N N N N N N Vodafone Group PLC 213800TB53ELEUKM7Q61 92857WBQ2 265000.00000000 PA USD 272931.72000000 0.641062992422 Long DBT CORP GB N 2 2079-04-04 Fixed 7.00000000 N N N N N N FREEDOM MORTGAGE HOLD 254900ROJ91RGM43S156 35641AAA6 70000.00000000 PA USD 71087.73000000 0.166971112475 Long DBT CORP US N 2 2029-02-01 Fixed 9.25000000 N N N N N N State Street Bank & Trust Co. 571474TGEMMWANRLN572 000000000 1.00000000 NC -200.95000000 -0.00047199207 N/A DFE US N 2 State Street Bank & Trust Co. 571474TGEMMWANRLN572 103680.00000000 EUR 112089.64000000 USD 2025-04-30 -200.95000000 N N N LIFEPOINT HEALTH INC 549300G8ZVHRTBBBSZ90 53219LAY5 171000.00000000 PA USD 172172.87000000 0.404400248003 Long DBT CORP US N 2 2032-02-15 Fixed 8.37500000 N N N N N HUB INTERNATIONAL LTD 549300JQT6ATTUNS5E06 44332PAG6 195000.00000000 PA USD 188616.56000000 0.443023245425 Long DBT CORP US N 2 2029-12-01 Fixed 5.62500000 N N N N N N FMG RESOURCES AUG 2006 549300EFD6S2NFE9D745 30251GBC0 80000.00000000 PA USD 72241.02000000 0.169679964120 Long DBT CORP AU N 2 2031-04-01 Fixed 4.37500000 N N N N N N Iron Mountain Inc SQL3F6CKNNBM3SQGHX24 46284VAC5 235000.00000000 PA USD 230219.42000000 0.540740190619 Long DBT US N 2 2027-09-15 Fixed 4.87500000 N N N N N N SIRIUS XM RADIO LLC WP5O65E6BMU84LNO4227 82967NBA5 90000.00000000 PA USD 87933.51000000 0.206538540316 Long DBT CORP US N 2 2027-08-01 Fixed 5.00000000 N N N N N N KINETIK HOLDINGS LP 549300RD6AJIMYC0HY12 49461MAB6 61000.00000000 PA USD 61970.08000000 0.145555543802 Long DBT CORP US N 2 2028-12-15 Fixed 6.62500000 N N N N N N BOYD GAMING CORP 254900787YGRYS2A1Z35 103304BV2 199000.00000000 PA USD 183533.92000000 0.431085122558 Long DBT CORP US N 2 2031-06-15 Fixed 4.75000000 N N N N N N BURFORD CAPITAL GLBL FIN 549300JVAOO67CSCH406 12116LAA7 200000.00000000 PA USD 198751.76000000 0.466828839150 Long DBT CORP US N 2 2028-04-15 Fixed 6.25000000 N N N N N N COMSTOCK RESOURCES INC I03QQGEA4SS774AURI46 205768AS3 105000.00000000 PA USD 102694.30000000 0.241208736246 Long DBT CORP US N 2 2029-03-01 Fixed 6.75000000 N N N N N N ADT SEC CORP 5493009JEEDYLVRA0J13 74166NAA2 50000.00000000 PA USD 46674.27000000 0.109628690997 Long DBT CORP US N 2 2032-07-15 Fixed 4.87500000 N N N N N SUNOCO LP 54930001NJU8E40NQ561 86765KAD1 112000.00000000 PA USD 112117.26000000 0.263341418131 Long DBT CORP US N 2 2033-07-01 Fixed 6.25000000 N N N N N N CHS/COMMUNITY HEALTH SYS 5493007X5NC5XI1BB106 12543DBM1 90000.00000000 PA USD 74254.00000000 0.174408058687 Long DBT CORP US N 2 2030-05-15 Fixed 5.25000000 N N N N N N ZF NA CAPITAL 529900JYGMS9CW9IQX78 98877DAD7 150000.00000000 PA USD 147315.21000000 0.346014487989 Long DBT CORP US N 2 2028-04-14 Fixed 6.87500000 N N N N N N CHARLES RIVER LABORATORI 549300BSQ0R4UZ5KX287 159864AG2 65000.00000000 PA USD 59831.92000000 0.140533426006 Long DBT CORP US N 2 2029-03-15 Fixed 3.75000000 N N N N N N CAESARS ENTERTAIN INC 549300FA4CTCW903Y781 12769GAD2 200000.00000000 PA USD 186773.88000000 0.438695152103 Long DBT CORP US N 2 2032-10-15 Fixed 6.00000000 N N N N N N CARVANA CO 5493003WEAK2PJ5WS063 146869AM4 94089.00000000 PA USD 104533.93000000 0.245529665718 Long DBT CORP US N 2 2031-06-01 Fixed 9.00000000 N N Y N N N LEVEL 3 FINANCING INC 254900AE5FEFIJOXWL19 527298BR3 95000.00000000 PA USD 82412.50000000 0.193570772437 Long DBT CORP US N 2 2028-07-01 Fixed 4.25000000 N N N N N N Star Parent Inc 254900GRGCJYRMDRWT73 87169DAB1 276.67000000 PA USD 264.91000000 0.000622221548 Long LON CORP US N 2 2030-09-27 Floating 8.29900000 N N N N N N CIVITAS RESOURCES INC IIVIHPH28S64K95M2381 17888HAA1 130000.00000000 PA USD 134158.29000000 0.315111467606 Long DBT CORP US N 2 2028-07-01 Fixed 8.37500000 N N N N N N NCL CORPORATION LTD UNZWILHE4KMRP9K2L524 62886HBR1 129000.00000000 PA USD 127426.55000000 0.299299932807 Long DBT CORP BM N 2 2032-02-01 Fixed 6.75000000 N N N N N N ALLIANT HOLD / CO-ISSUER N/A 01883LAB9 135000.00000000 PA USD 130288.65000000 0.306022443443 Long DBT CORP US N 2 2027-10-15 Fixed 4.25000000 N N N N N N MATCH GROUP HLD II LLC 5493003RFFE030RC9167 57667JAA0 90000.00000000 PA USD 77563.88000000 0.182182316576 Long DBT CORP US N 2 2031-10-01 Fixed 3.62500000 N N N N N N LABL INC 5493004FUZN8R6Y3VB98 50168QAE5 60000.00000000 PA USD 50728.84000000 0.119152079401 Long DBT CORP US N 2 2028-11-01 Fixed 9.50000000 N N N N N N AVIENT CORP SM8L9RZYIB34LNTWO040 05368VAB2 242000.00000000 PA USD 239722.58000000 0.563061246549 Long DBT CORP US N 2 2031-11-01 Fixed 6.25000000 N N N N N N NUSTAR LOGISTICS LP N62BF2PKP51FIIOIUN20 67059TAH8 370000.00000000 PA USD 374075.79000000 0.878630542943 Long DBT CORP US N 2 2030-10-01 Fixed 6.37500000 N N N N N N Quad/Graphics Inc W2D68G5NJH4X0NW8PT65 747301109 287.00000000 NS USD 1564.15000000 0.003673881070 Long EC CORP US N 1 N N N TURNING POINT BRANDS INC 549300IYG00QF0VVP302 90041LAG0 118000.00000000 PA USD 122916.23000000 0.288706077186 Long DBT CORP US N 2 2032-03-15 Fixed 7.62500000 N N N N N N 1375209 BC LTD N/A 68251PAA5 65000.00000000 PA USD 64949.66000000 0.152553991879 Long DBT CORP CA N 2 2028-01-30 Fixed 9.00000000 N N N N N N NRG ENERGY INC 5E2UPK5SW04M13XY7I38 629377CR1 145000.00000000 PA USD 128420.31000000 0.301634079821 Long DBT CORP US N 2 2031-02-15 Fixed 3.62500000 N N N N N N BAUSCH HEALTH AMERICAS KOO0397YRO83WY5MGD97 91911XAW4 80000.00000000 PA USD 76013.60000000 0.178541013410 Long DBT CORP US N 2 2027-01-31 Fixed 8.50000000 N N N N N OLIN CORP 549300GKK294V7W57P06 680665AN6 92000.00000000 PA USD 89388.30000000 0.209955556230 Long DBT CORP US N 2 2033-04-01 Fixed 6.62500000 N N N N N N STONEPEAK NILE PARENT 254900TJV3VAFZD0GU41 861932AA9 103000.00000000 PA USD 104986.87000000 0.246593532797 Long DBT CORP US N 2 2032-03-15 Fixed 7.25000000 N N N N N N WILLIAMS SCOTSMAN INC 549300DAKDS8SCO1OT57 96950GAE2 95000.00000000 PA USD 92071.63000000 0.216258171256 Long DBT CORP US N 2 2028-08-15 Fixed 4.62500000 N N N N N N ARDAGH METAL PACKAGING N/A 000000000 100000.00000000 PA 90493.97000000 0.212552557849 Long DBT CORP XX N 2 2029-09-01 Fixed 3.00000000 N N N N N N CLEAR CHANNEL OUTDOOR HO 254900XBEE6V1ENYS150 18453HAC0 140000.00000000 PA USD 120335.74000000 0.282645013118 Long DBT CORP US N 2 2028-04-15 Fixed 7.75000000 N N N N N N OLYMPUS WTR US HLDG CORP 549300YU2GGVCBN3MY89 681639AA8 225000.00000000 PA USD 207914.92000000 0.488351301873 Long DBT CORP US N 2 2028-10-01 Fixed 4.25000000 N N N N N N ICAHN ENTERPRISES/FIN N/A 451102BZ9 135000.00000000 PA USD 128346.01000000 0.301459563718 Long DBT CORP US N 2 2027-05-15 Fixed 5.25000000 N N N N N N CCO HLDGS LLC/CAP CORP N/A 1248EPCB7 570000.00000000 PA USD 551534.24000000 1.295445580007 Long DBT CORP US N 2 2029-06-01 Fixed 5.37500000 N N N N N N CONSOLIDATED COMMUNICATI 549300WW675Y48HDVX34 20903XAF0 80000.00000000 PA USD 77136.85000000 0.181179306996 Long DBT CORP US N 2 2028-10-01 Fixed 6.50000000 N N N N N N TASEKO MINES LTD 549300XKUO1JSLU7KX54 876511AG1 185000.00000000 PA USD 188879.45000000 0.443640722390 Long DBT CORP CA N 2 2030-05-01 Fixed 8.25000000 N N N N N N CARNIVAL CORP F1OF2ZSX47CR0BCWA982 143658BY7 209000.00000000 PA USD 208158.76000000 0.488924034130 Long DBT CORP PA N 2 2030-03-15 Fixed 5.75000000 N N N N N EZCORP INC 5493003K6PG3ZQ7TUQ63 302301AJ5 190000.00000000 PA USD 192766.01000000 0.452769488309 Long DBT CORP US N 2 2032-04-01 Fixed 7.37500000 N N N N N N ASCENT RESOURCES/ARU FIN N/A 04364VAR4 150000.00000000 PA USD 152958.45000000 0.359269350126 Long DBT CORP US N 2 2028-12-31 Fixed 8.25000000 N N N N N N WALGREENS BOOTS ALLIANCE 549300RPTUOIXG4LIH86 931427AS7 40000.00000000 PA USD 36907.70000000 0.086688936725 Long DBT CORP US N 2 2030-04-15 Fixed 3.20000000 N N N N N N ONEMAIN FINANCE CORP 5493008I795YYBFWFU90 682691AA8 105000.00000000 PA USD 92500.14000000 0.217264657064 Long DBT CORP US N 2 2030-09-15 Fixed 4.00000000 N N N N N N iShares Broad USD High Yield Corporate Bond ETF 549300X7H67ZLUE3IZ46 46435U853 30000.00000000 NS USD 1104300.00000000 2.593783758560 Long EC RF US N 1 N N BUCKEYE PARTNERS LP 549300C1PQJLVEIUBK50 118230AW1 171000.00000000 PA USD 173206.84000000 0.406828840408 Long DBT CORP US N 2 2030-02-01 Fixed 6.75000000 N N N N N N GENESIS ENERGY LP/FIN N/A 37185LAP7 210000.00000000 PA USD 216811.77000000 0.509248254723 Long DBT CORP US N 2 2029-01-15 Fixed 8.25000000 N N N N N N RIVERS ENTERPRISE N/A 76883NAA9 161000.00000000 PA USD 158308.40000000 0.371835331670 Long DBT CORP US N 2 2033-02-01 Fixed 6.62500000 N N N N N N PATTERN ENERGY OP LP/PAT N/A 70339PAA7 205000.00000000 PA USD 190724.35000000 0.447974030057 Long DBT CORP US N 2 2028-08-15 Fixed 4.50000000 N N N N N N KIMMERIDGE TEXAS GAS LLC 254900LM244SIFQ1QY31 49446BAA2 105000.00000000 PA USD 104938.97000000 0.246481025107 Long DBT CORP US N 2 2030-02-15 Fixed 8.50000000 N N N N N N BEACON ROOFING SUPPLY IN 549300HDXQWWCBOYXP31 073685AF6 285000.00000000 PA USD 284427.26000000 0.668063757565 Long DBT CORP US N 2 2026-11-15 Fixed 4.50000000 N N N N N N CIVITAS RESOURCES INC IIVIHPH28S64K95M2381 17888HAB9 65000.00000000 PA USD 66751.38000000 0.156785878208 Long DBT CORP US N 2 2031-07-01 Fixed 8.75000000 N N N N N N STAPLES INC XQM2JINI1UL7642TU573 855030AQ5 171000.00000000 PA USD 154488.19000000 0.362862408866 Long DBT CORP US N 2 2029-09-01 Fixed 10.75000000 N N N N N N ECHOSTAR CORP 549300EE20907QZ9GT38 278768AA4 165000.00000000 PA USD 149710.85000000 0.351641375722 Long DBT CORP US N 2 2030-11-30 Fixed 6.75000000 N N N N N N 2025-04-24 DEUTSCHE DWS VARIABLE SERIES II Diane Kenneally Diane Kenneally Treasurer and Chief Financial Officer XXXX