NPORT-P false 0000896435 XXXXXXXX S000000181 C000000408 C000000409 AIM Variable Insurance Funds (Invesco Variable Insurance Funds) 811-07452 0000896435 FC4UULIMJMGKBDUARB13 11 Greenway Plaza Suite 1000 Houston 77046-1173 800-959-4246 Invesco V.I. High Yield Fund S000000181 NXVJAF7LZXLN7Z7FB083 2025-12-31 2025-12-31 N 38624169.85 1860947.40 36763222.45 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 31633.59000000 EUR USD N Bloomberg Barclays US HY 2% Issuer Capped 100% BB-US HY 2% Issr Cap UH PetSmart LLC / PetSmart Finance Corp. N/A 71677KAC2 59000.00000000 PA USD 60114.47000000 0.163517956244 Long DBT CORP US N 2 2032-09-15 Fixed 7.50000000 N N N N N N EnerSys 7ZS3DE5PN30BYUJFWP05 29275YAF9 187000.00000000 PA USD 194841.10000000 0.529989176724 Long DBT CORP US N 2 2032-01-15 Fixed 6.62500000 N N N N N N Altice France Holding S.A. 5299000JVHXKJPOE6H40 N/A 1128.00000000 NS 187.24000000 0.000509313350 Long EC CORP LU N 2 N N N Uniti Group L.P./ Uniti Group Finance 2019 Inc / CSL Capital LLC N/A 91327TAC5 123000.00000000 PA USD 121258.45000000 0.329836292683 Long DBT CORP US N 2 2032-06-15 Fixed 8.62500000 N N N N N N CHS/Community Health Systems, Inc. 5493007X5NC5XI1BB106 12543DBM1 157000.00000000 PA USD 147735.85000000 0.401857726702 Long DBT CORP US N 2 2030-05-15 Fixed 5.25000000 N N N N N N Xerox Corp. 4KF48RN45X1OO8UBLY20 984121CS0 5000.00000000 PA USD 4808.74000000 0.013080300581 Long DBT CORP US N 2 2030-10-15 Fixed 10.25000000 N N N N N N VoltaGrid LLC 254900R5BEUGIKK1FM03 92874BAA3 185000.00000000 PA USD 183377.69000000 0.498807443361 Long DBT CORP US N 2 2030-11-01 Fixed 7.37500000 N N N N N N Kioxia Holdings Corp. 35380080RTKRARNH4R73 49726JAB4 200000.00000000 PA USD 208155.13000000 0.566204799601 Long DBT CORP JP N 2 2033-07-24 Fixed 6.62500000 N N N N N N Bausch Health Cos. Inc. B3BS7ACMDUWISF18KY76 071734AK3 23000.00000000 PA USD 18543.75000000 0.050441035263 Long DBT CORP CA N 2 2029-02-15 Fixed 6.25000000 N N N N N N American Axle & Manufacturing, Inc. RY5TAKFOBLDUGX31MS24 02406PBD1 123000.00000000 PA USD 125354.05000000 0.340976774194 Long DBT CORP US N 2 2033-10-15 Fixed 7.75000000 N N N N N N Clear Channel Outdoor Holdings, Inc. 254900XBEE6V1ENYS150 18453HAC0 48000.00000000 PA USD 48070.70000000 0.130757579984 Long DBT CORP US N 2 2028-04-15 Fixed 7.75000000 N N N N N N Aircastle Ltd. 549300PNK8AKY3OIKP58 00928QAW1 236000.00000000 PA USD 236480.05000000 0.643251690794 Long DBT CORP BM N 2 N/A Variable 5.25000000 N N N N N N Allison Transmission, Inc. MWKQ3I0U1GXP2YDSZW75 019736AG2 204000.00000000 PA USD 192230.60000000 0.522888330209 Long DBT CORP US N 2 2031-01-30 Fixed 3.75000000 N N N N N N Starz Capital Holdings 1, Inc. 549300MWJHNLR35C0837 535939AA0 199000.00000000 PA USD 190791.25000000 0.518973140234 Long DBT CORP US N 2 2030-04-15 Fixed 6.00000000 N N N N N N GFL Environmental Inc. 894500E7NLBY9VZRT696 36168QAL8 122000.00000000 PA USD 120404.76000000 0.327514162186 Long DBT CORP CA N 2 2028-08-01 Fixed 4.00000000 N N N N N N Xerox Corp. 4KF48RN45X1OO8UBLY20 984121CB7 4000.00000000 PA USD 1276.00000000 0.003470860046 Long DBT CORP US N 2 2039-12-15 Fixed 6.75000000 N N N N N N Navient Corp. 54930067J0ZNOEBRW338 63938CAN8 32000.00000000 PA USD 35589.45000000 0.096807210108 Long DBT CORP US N 2 2030-07-25 Fixed 9.37500000 N N N N N N TransDigm, Inc. 88Q84GB3X55CF5OC7582 893647BW6 372000.00000000 PA USD 381032.16000000 1.036449295265 Long DBT CORP US N 2 2033-01-15 Fixed 6.00000000 N N N N N N CCO Holdings, LLC/CCO Holdings Capital Corp. N/A 1248EPCB7 186000.00000000 PA USD 184028.36000000 0.500577337175 Long DBT CORP US N 2 2029-06-01 Fixed 5.37500000 N N N N N N VMED 02 UK Financing I PLC 213800MRR46ECNGZ7L69 92858RAE0 10000.00000000 PA USD 9922.85000000 0.026991241079 Long DBT CORP GB N 2 2033-01-15 Fixed 6.75000000 N N N N N N Sensata Technologies, Inc. 5493002MMDDCUNV7NY90 81728UAB0 56000.00000000 PA USD 52587.14000000 0.143042792485 Long DBT CORP US N 2 2031-02-15 Fixed 3.75000000 N N N N N N Camelot Return Merger Sub, Inc. N/A 13323NAA0 13000.00000000 PA USD 10084.56000000 0.027431110027 Long DBT CORP US N 2 2028-08-01 Fixed 8.75000000 N N N N N N Sabre GLBL Inc. F2TJC7HPPHLHU1AQMP98 78573NAM4 23000.00000000 PA USD 19097.36000000 0.051946915224 Long DBT CORP US N 2 2030-07-15 Fixed 11.12500000 N N N N N N Cougar JV Subsidiary, LLC N/A 22208WAA1 118000.00000000 PA USD 126591.70000000 0.344343318032 Long DBT CORP US N 2 2032-05-15 Fixed 8.00000000 N N N N N N WULF Compute LLC N/A 982911AA7 181000.00000000 PA USD 186612.53000000 0.507606563199 Long DBT CORP US N 2 2030-10-15 Fixed 7.75000000 N N N N N N Level 3 Financing, Inc. 254900AE5FEFIJOXWL19 527298CB7 35000.00000000 PA USD 34168.75000000 0.092942750180 Long DBT CORP US N 2 2029-06-15 Fixed 4.87500000 N N N N N N Lumen Technologies, Inc. 8M3THTGWLTYZVE6BBY25 156700AT3 6000.00000000 PA USD 5676.18000000 0.015439832587 Long DBT CORP US N 2 2042-03-15 Fixed 7.65000000 N N N N N N Tenet Healthcare Corp. 0W9AIBT6U6ADJ2I8HK17 88033GDW7 75000.00000000 PA USD 76076.70000000 0.206936973774 Long DBT CORP US N 2 2032-11-15 Fixed 5.50000000 N N N N N N Saks Global Enterprises LLC 5493007HQSJGRH78Q684 79380MAB1 66180.00000000 PA USD 4632.60000000 0.012601180449 Long DBT CORP US N 2 2029-12-15 Fixed 11.00000000 N N N N N N CMA CGM S.A. 969500BZJ49IICIBZZ08 YK5572341 150000.00000000 PA 172307.04000000 0.468694060305 Long DBT CORP FR N 2 2032-01-15 Fixed 4.87500000 N N N N N N RB Global Holdings Inc. 254900LH3N0EGB1LQ203 76774LAB3 215000.00000000 PA USD 220138.91000000 0.598801996477 Long DBT CORP US N 2 2028-03-15 Fixed 6.75000000 N N N N N N Cornerstone Building Brands, Inc. 549300IW41QEWQ6T0H29 21925DAB5 13000.00000000 PA USD 9630.66000000 0.026196452210 Long DBT CORP US N 2 2029-08-15 Fixed 9.50000000 N N N N N N MPH Acquisition Holdings LLC 5493002WXOPRPTXWTU06 55328HAP6 28987.07000000 PA USD 29103.02000000 0.079163408592 Long LON CORP US N 2 2030-12-31 Floating 7.59038000 N N N N N N OneMain Finance Corp. 5493008I795YYBFWFU90 682691AH3 98000.00000000 PA USD 101625.41000000 0.276432269065 Long DBT CORP US N 2 2029-05-15 Fixed 6.62500000 N N N N N N Telecom Italia Capital S.A. 549300777DJZOR5C4L39 87927VAF5 58000.00000000 PA USD 61068.02000000 0.166111716901 Long DBT CORP LU N 2 2033-11-15 Fixed 6.37500000 N N N N N N Sunrise FinCo I B.V. 213800MNFBDEQRS6HZ22 N/A 100000.00000000 PA 118933.74000000 0.323512826335 Long DBT CORP NL Y 2 2032-05-15 Fixed 4.62500000 N N N N N N Voyager Parent, LLC 2549002DYVI4ACSV4V71 92921EAA0 113000.00000000 PA USD 119975.60000000 0.326346799884 Long DBT CORP US N 2 2032-07-01 Fixed 9.25000000 N N N N N N Sinclair Television Group, Inc. 549300CQGEN0CH65UD62 829259BH2 23000.00000000 PA USD 24037.76000000 0.065385345456 Long DBT CORP US N 2 2033-02-15 Fixed 8.12500000 N N N N N N OneMain Finance Corp. 5493008I795YYBFWFU90 682691AK6 74000.00000000 PA USD 76972.61000000 0.209373947304 Long DBT CORP US N 2 2032-09-15 Fixed 7.12500000 N N N N N N Studio City Finance Ltd. 254900D6R731QAUIG324 86389QAG7 148000.00000000 PA USD 143035.78000000 0.389073020447 Long DBT CORP VG N 2 2029-01-15 Fixed 5.00000000 N N N N N N AerCap Ireland Capital DAC / AerCap Global Aviation Trust N/A 00774MBK0 170000.00000000 PA USD 178336.59000000 0.485095098076 Long DBT CORP IE N 2 2055-03-10 Variable 6.95000000 N N N N N N DISH DBS Corp. N/A 25470XBB0 116000.00000000 PA USD 112254.23000000 0.305343826027 Long DBT CORP US N 2 2028-07-01 Fixed 7.37500000 N N N N N N Univision Communications Inc. 549300YQDE2JSGTL8V47 914906BA9 49000.00000000 PA USD 52700.87000000 0.143352150567 Long DBT CORP US N 2 2032-08-01 Fixed 9.37500000 N N N N N N Rocket Cos., Inc. N/A 77311WAA9 118000.00000000 PA USD 122041.99000000 0.331967607480 Long DBT CORP US N 2 2030-08-01 Fixed 6.12500000 N N N N N N Newell Brands Inc. 549300LWGYFM1TVO1Z12 651229BD7 132000.00000000 PA USD 131702.84000000 0.358246179804 Long DBT CORP US N 2 2029-09-15 Fixed 6.62500000 N N N N N N CCO Holdings, LLC/CCO Holdings Capital Corp. N/A 1248EPCL5 355000.00000000 PA USD 311156.99000000 0.846381163738 Long DBT CORP US N 2 2033-06-01 Fixed 4.50000000 N N N N N Lumen Technologies, Inc. 8M3THTGWLTYZVE6BBY25 550241103 5000.00000000 NS USD 38850.00000000 0.105676263969 Long EC CORP US N 1 N N N Invesco Treasury Portfolio 5493004B3TM8ZIDDDC39 825252406 847951.03000000 NS USD 847951.03000000 2.306519868200 Long STIV RF US N 1 N N N Summit Midstream Holdings, LLC N/A 86614JAA3 112000.00000000 PA USD 116208.74000000 0.316100527253 Long DBT CORP US N 2 2029-10-31 Fixed 8.62500000 N N N N N N Diversified Healthcare Trust N/A 25525PAE7 63000.00000000 PA USD 64495.49000000 0.175434811482 Long DBT CORP US N 2 2030-10-15 Fixed 7.25000000 N N N N N N Jane Street Group / JSG Finance Inc. 5493002N1IVX6KHGYO08 47077WAD0 170000.00000000 PA USD 173099.10000000 0.470848550437 Long DBT CORP US N 2 2032-11-01 Fixed 6.12500000 N N N N N N Virgin Media O2 Vendor Financing Notes V DAC 635400ASSEVCXAPVGC36 YT9133448 50000.00000000 PA 67921.51000000 0.184753961904 Long DBT CORP IE N 2 2032-03-15 Fixed 7.87500000 N N N N N N Hologic, Inc. 549300DYP6F5ZJL0LB74 436440AP6 127000.00000000 PA USD 125270.39000000 0.340749209812 Long DBT CORP US N 2 2029-02-15 Fixed 3.25000000 N N N N N N LCM Investments Holdings II, LLC 549300P5V78NNQTG4428 50190EAC8 172000.00000000 PA USD 182027.33000000 0.495134315952 Long DBT CORP US N 2 2031-08-01 Fixed 8.25000000 N N N N N N Caturus Energy, LLC 254900LM244SIFQ1QY31 49446BAA2 116000.00000000 PA USD 120896.82000000 0.328852619392 Long DBT CORP US N 2 2030-02-15 Fixed 8.50000000 N N N N N N Iron Mountain Information Management Services, Inc. N/A 46285MAA8 231000.00000000 PA USD 220665.06000000 0.600233182224 Long DBT CORP US N 2 2032-07-15 Fixed 5.00000000 N N N N N N DISH Network Corp. 529900U350CWHH15G169 25470MAG4 59000.00000000 PA USD 61441.72000000 0.167128221916 Long DBT CORP US N 2 2027-11-15 Fixed 11.75000000 N N N N N N Cloud Software Group, Inc. 04EEB871XLHVNY4RZJ65 18912UAC6 45000.00000000 PA USD 47051.56000000 0.127985407329 Long DBT CORP US N 2 2032-06-30 Fixed 8.25000000 N N N N N N N/A N/A N/A 1.00000000 NC N/A -5207.29000000 -0.01416440032 N/A DFE N/A N 2 Goldman Sachs International W22LROWP2IHZNBB6K528 700000.00000000 EUR 818329.40000000 USD 2026-01-28 -5207.29000000 N N N Sabre GLBL Inc. F2TJC7HPPHLHU1AQMP98 78573NAN2 6000.00000000 PA USD 4938.48000000 0.013433207621 Long DBT CORP US N 2 2030-03-15 Fixed 10.75000000 N N N N N N Xerox Holdings Corp. 5493000Y33XDVO2CXC18 98421MAB2 12000.00000000 PA USD 5578.90000000 0.015175220310 Long DBT CORP US N 2 2028-08-15 Fixed 5.50000000 N N N N N N CSC Holdings, LLC 3HG2WD2W22M120IUNG49 126307AZ0 13000.00000000 PA USD 8625.77000000 0.023463041118 Long DBT CORP US N 2 2029-02-01 Fixed 6.50000000 N N N N N N N/A N/A N/A 1.00000000 NC N/A 39481.77000000 0.107394747709 N/A DFE N/A N 2 Canadian Imperial Bank of Commerce 2IGI19DL77OX0HC3ZE78 2313480.20000000 USD 2000000.00000000 EUR 2026-01-28 39481.77000000 N N N Bausch Health Cos. Inc. B3BS7ACMDUWISF18KY76 071734AL1 23000.00000000 PA USD 15085.47000000 0.041034134101 Long DBT CORP CA N 2 2031-02-15 Fixed 5.25000000 N N N N N N Whirlpool Corp. WHENKOULSSK7WUM60H03 963320AW6 98000.00000000 PA USD 96925.37000000 0.263647644413 Long DBT CORP US N 2 2029-02-26 Fixed 4.75000000 N N N N N N Venture Global Plaquemines LNG, LLC 549300TKP4I6OJ02BF90 922966AE6 78000.00000000 PA USD 79476.11000000 0.216183742075 Long DBT CORP US N 2 2030-12-15 Fixed 6.12500000 N N N N N N Xerox Holdings Corp. 5493000Y33XDVO2CXC18 98421MAC0 10000.00000000 PA USD 4074.93000000 0.011084256842 Long DBT CORP US N 2 2029-11-30 Fixed 8.87500000 N N N N N N Diversified Healthcare Trust N/A 25525PAC1 508000.00000000 PA USD 506872.24000000 1.378748124404 Long DBT CORP US N 2 2026-01-15 None 0.00000000 N N N N N Lumen Technologies, Inc. 8M3THTGWLTYZVE6BBY25 156700AM8 7000.00000000 PA USD 6735.69000000 0.018321816073 Long DBT CORP US N 2 2039-09-15 Fixed 7.60000000 N N N N N N Clear Channel Outdoor Holdings, Inc. 254900XBEE6V1ENYS150 18452RAF2 461187.52000000 PA USD 462999.99000000 1.259410789219 Long LON CORP US N 2 2028-08-23 Floating 7.83058000 N N N N N N Jane Street Group / JSG Finance Inc. 5493002N1IVX6KHGYO08 47077WAE8 214000.00000000 PA USD 223513.66000000 0.607981686871 Long DBT CORP US N 2 2033-05-01 Fixed 6.75000000 N N N N N N CoreWeave, Inc. 984500511DP2B6186053 21873SAD0 62000.00000000 PA USD 58822.50000000 0.160003656045 Long DBT CORP US N 2 2031-12-01 Fixed 1.75000000 N N N Y N CoreWeave, Inc. USD XXXX N N N Venture Global Plaquemines LNG, LLC 549300TKP4I6OJ02BF90 922966AD8 137000.00000000 PA USD 140392.17000000 0.381882111098 Long DBT CORP US N 2 2036-01-15 Fixed 6.75000000 N N N N N N Hawaiian Electric Co., Inc. 549300PQE8D806LWQV52 419866AV0 281000.00000000 PA USD 285047.52000000 0.775360539701 Long DBT CORP US N 2 2033-10-01 Fixed 6.00000000 N N N N N N Antero Midstream Partners L.P./ Antero Midstream Finance Corp. N/A 03690AAN6 258000.00000000 PA USD 260075.83000000 0.707434802141 Long DBT CORP US N 2 2034-07-01 Fixed 5.75000000 N N N N N N Group 1 Automotive, Inc. 549300US8QAZJLWYAF63 398905AQ2 190000.00000000 PA USD 195864.92000000 0.532774079493 Long DBT CORP US N 2 2030-01-15 Fixed 6.37500000 N N N N N N Antero Midstream Partners L.P./ Antero Midstream Finance Corp. 529900HFO1BDEIT4QU11 03690AAK2 112000.00000000 PA USD 115994.94000000 0.315518967788 Long DBT CORP US N 2 2032-02-01 Fixed 6.62500000 N N N N N N Altice France 5493001ZMCICV4N02J21 YK2716966 11777.00000000 PA 13048.67000000 0.035493814552 Long DBT CORP FR N 2 2030-10-15 Fixed 4.75000000 N N N N N N AECOM 0EEB8GF0W0NPCIHZX097 00766TAE0 119000.00000000 PA USD 122026.17000000 0.331924575344 Long DBT CORP US N 2 2033-08-01 Fixed 6.00000000 N N N N N N Directv Financing, LLC N/A 254945AA6 31000.00000000 PA USD 31404.36000000 0.085423305975 Long DBT CORP US N 2 2030-02-01 Fixed 8.87500000 N N N N N N N/A N/A N/A 1.00000000 NC N/A 2371.04000000 0.006449489032 N/A DFE N/A N 2 State Street Bank and Trust Company 571474TGEMMWANRLN572 232925.16000000 USD 200000.00000000 EUR 2026-01-28 2371.04000000 N N N AMC Entertainment Holdings, Inc. 549300ZO77UNR6NRBR11 00165CBA1 15000.00000000 PA USD 13136.10000000 0.035731633748 Long DBT CORP US N 2 2029-02-15 Fixed 7.50000000 N N N N N N Amneal Pharmaceuticals LLC 54930037VIXE7LRZ1M66 03168LAA3 36000.00000000 PA USD 38072.16000000 0.103560453798 Long DBT CORP US N 2 2032-08-01 Fixed 6.87500000 N N N N N N RHP Hotel Properties L.P./ RHP Finance Corp. N/A 749571AL9 116000.00000000 PA USD 121053.77000000 0.329279540618 Long DBT CORP US N 2 2033-06-15 Fixed 6.50000000 N N N N N N Michaels Cos., Inc. (The) 549300H9LWMBP7HYLR98 55916AAA2 12000.00000000 PA USD 11550.15000000 0.031417675683 Long DBT CORP US N 2 2028-05-01 Fixed 5.25000000 N N N N N N ION Platform Finance S.a. r.l. 6488IU1F9M51Z3P60R77 YK3678280 175000.00000000 PA 199510.16000000 0.542689532375 Long DBT CORP LU N 2 2030-09-30 Fixed 6.50000000 N N N N N N NESCO Holdings II, Inc. 254900FAHT0HW9T6L409 64083YAA9 123000.00000000 PA USD 121260.37000000 0.329841515294 Long DBT CORP US N 2 2029-04-15 Fixed 5.50000000 N N N N N N Acrisure LLC / Acrisure Finance Inc. N/A 00489LAL7 271000.00000000 PA USD 283321.94000000 0.770666772711 Long DBT CORP US N 2 2030-11-06 Fixed 7.50000000 N N N N N N N/A N/A N/A 1.00000000 NC N/A -299.93000000 -0.00081584251 N/A DFE N/A N 2 The Toronto-Dominion Bank PT3QB789TSUIDF371261 13000.00000000 EUR 14994.32000000 USD 2026-01-28 -299.93000000 N N N PHINIA Inc. 254900HG6MORZE1FFM18 71880KAA9 51000.00000000 PA USD 52847.83000000 0.143751897897 Long DBT CORP US N 2 2029-04-15 Fixed 6.75000000 N N N N N N Medline Borrower, L.P. 254900QT3R363TVK6F09 62482BAA0 113000.00000000 PA USD 110401.46000000 0.300304088277 Long DBT CORP US N 2 2029-04-01 Fixed 3.87500000 N N N N N N Celanese US Holdings LLC CD30XVRLT4QO00B1C706 15089QAY0 109000.00000000 PA USD 115244.73000000 0.313478314249 Long DBT CORP US N 2 2033-11-15 Fixed 7.20000000 N N N N N N Roller Bearing Co. of America, Inc. 254900U9XW6S76H2P167 775631AD6 191000.00000000 PA USD 188163.71000000 0.511825943049 Long DBT CORP US N 2 2029-10-15 Fixed 4.37500000 N N N N N N Iron Mountain Inc. SQL3F6CKNNBM3SQGHX24 46284VAN1 174000.00000000 PA USD 165990.33000000 0.451511915816 Long DBT CORP US N 2 2031-02-15 Fixed 4.50000000 N N N N N N Cipher Compute LLC N/A 17253NAA5 184000.00000000 PA USD 187630.86000000 0.510376532566 Long DBT CORP US N 2 2030-11-15 Fixed 7.12500000 N N N N N N OneMain Finance Corp. 5493008I795YYBFWFU90 682691AB6 218000.00000000 PA USD 216020.57000000 0.587599659670 Long DBT CORP US N 2 2027-01-15 Fixed 3.50000000 N N N N N N Comstock Resources, Inc. I03QQGEA4SS774AURI46 205768AS3 116000.00000000 PA USD 116337.10000000 0.316449680542 Long DBT CORP US N 2 2029-03-01 Fixed 6.75000000 N N N N N N Melco Resorts Finance Ltd. 5493000FQDBWKDBZEF60 58547DAJ8 127000.00000000 PA USD 127439.62000000 0.346649753495 Long DBT CORP KY N 2 2033-09-24 Fixed 6.50000000 N N N N N N AP Grange Holdings, LLC N/A 00187RAA3 136000.00000000 PA USD 142924.30000000 0.388769782611 Long DBT CORP KY N 2 2045-03-20 Fixed 6.50000000 N N N N N N Versant Media Group, Inc. 254900D2Q5F5F229PU30 925283AA1 650000.00000000 PA USD 670965.31000000 1.825099284788 Long DBT CORP US N 2 2031-01-30 Fixed 7.25000000 N N N N N N Casino Guichard-Perrachon 969500VHL8F83GBL6L29 F1R01P205 3370.00000000 NS 966.95000000 0.002630210127 Long EC CORP FR N 2 N N N Vistra Operations Co. LLC 549300ZH5GKBTJZ7NM23 92840VAP7 75000.00000000 PA USD 79473.54000000 0.216176751393 Long DBT CORP US N 2 2031-10-15 Fixed 7.75000000 N N N N N N Aethon United BR L.P./ Aethon United Finance Corp. 5493007HPG2M9K9X5V41 00810GAD6 111000.00000000 PA USD 116348.65000000 0.316481097809 Long DBT CORP US N 2 2029-10-01 Fixed 7.50000000 N N N N N N Wrangler Holdco Corp. N/A 37441QAA9 159000.00000000 PA USD 167072.91000000 0.454456652235 Long DBT CORP US N 2 2032-04-01 Fixed 6.62500000 N N N N N N Clarivate Science Holdings Corp. N/A 18064PAD1 289000.00000000 PA USD 273514.20000000 0.743988643465 Long DBT CORP US N 2 2029-07-01 Fixed 4.87500000 N N N N N N Nissan Motor Acceptance Corp. 7D6DIU2QXTUJRFNNJA49 65480CAF2 60000.00000000 PA USD 62274.26000000 0.169392822091 Long DBT CORP US N 2 2028-09-15 Fixed 7.05000000 N N N N N N AMC Networks Inc. 549300VGG9K75226LR46 00164VAK9 28000.00000000 PA USD 30958.36000000 0.084210137025 Long DBT CORP US N 2 2032-07-15 Fixed 10.50000000 N N N N N N Clear Channel Outdoor Holdings, Inc. 254900XBEE6V1ENYS150 18453HAD8 26000.00000000 PA USD 25840.26000000 0.070288343289 Long DBT CORP US N 2 2029-06-01 Fixed 7.50000000 N N N N N N Sinclair Television Group, Inc. 549300CQGEN0CH65UD62 829259AY6 9000.00000000 PA USD 8182.85000000 0.022258250106 Long DBT CORP US N 2 2030-03-01 Fixed 5.50000000 N N N N N N Brundage-Bone Concrete Pumping Holdings, Inc. N/A 66981QAB2 120000.00000000 PA USD 122559.48000000 0.333375237077 Long DBT CORP US N 2 2032-02-01 Fixed 7.50000000 N N N N N N Americanas S.A. 254900SPM3RE7352ST93 P19055113 7832.67000000 NS 7297.39000000 0.019849701722 Long EC CORP BR N 2 N N N EnPro Inc. 549300Y5CFT2LKCFDN54 29355XAH0 194000.00000000 PA USD 200672.82000000 0.545852095182 Long DBT CORP US N 2 2033-06-01 Fixed 6.12500000 N N N N N N Gray Media, Inc. 529900TM5726KDN7UU35 389375AN6 42000.00000000 PA USD 43617.98000000 0.118645692877 Long DBT CORP US N 2 2032-07-15 Fixed 9.62500000 N N N N N N Lumen Technologies, Inc. 8M3THTGWLTYZVE6BBY25 156700BD7 7000.00000000 PA USD 6513.75000000 0.017718114914 Long DBT CORP US N 2 2029-01-15 Fixed 4.50000000 N N N N N N Studio City Finance Ltd. 254900D6R731QAUIG324 86389QAF9 39000.00000000 PA USD 39076.67000000 0.106292831247 Long DBT CORP VG N 2 2028-01-15 Fixed 6.50000000 N N N N N N Navient Corp. 54930067J0ZNOEBRW338 63938CAK4 74000.00000000 PA USD 74209.35000000 0.201857576824 Long DBT CORP US N 2 2027-03-15 Fixed 5.00000000 N N N N N N Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer 5493006Q26653NF8SI73 01883LAF0 117000.00000000 PA USD 121465.35000000 0.330399083391 Long DBT CORP US N 2 2031-01-15 Fixed 7.00000000 N N N N N N Prairie ECI Acquiror L.P. 254900Q6KU2LVSIISH22 73955HAF1 83665.93000000 PA USD 84389.22000000 0.229547940512 Long LON CORP US N 2 2029-08-01 Floating 7.46610000 N N N N N N N/A N/A N/A 1.00000000 NC N/A -748.54000000 -0.00203611095 N/A DFE N/A N 2 DEUTSCHE BANK AKTIENGESELLSCHAFT 7LTWFZYICNSX8D621K86 100000.00000000 EUR 116899.56000000 USD 2026-01-28 -748.54000000 N N N TransDigm, Inc. 88Q84GB3X55CF5OC7582 89364MCD4 401624.59000000 PA USD 403686.93000000 1.098072756132 Long LON CORP US N 2 2032-01-19 Floating 6.21610000 N N N N N N Mexico Government International Bond 254900EGTWEU67VP6075 91087BBL3 87000.00000000 PA USD 85912.50000000 0.233691429299 Long DBT NUSS MX N 2 2035-09-22 Fixed 5.62500000 N N N N N N Lithia Motors, Inc. SE8N1EZEHPZQBCBVKD53 536797AF0 202000.00000000 PA USD 194278.07000000 0.528457673328 Long DBT CORP US N 2 2031-01-15 Fixed 4.37500000 N N N N N N FMC Corp. CKDHZ2X64EEBQCSP7013 302491AU9 35000.00000000 PA USD 31064.94000000 0.084500046322 Long DBT CORP US N 2 2029-10-01 Fixed 3.45000000 N N N N N N Windstream Services, LLC 549300KT9GVEBYCD2N29 97382BAB5 167000.00000000 PA USD 171334.97000000 0.466049923216 Long DBT CORP US N 2 2033-10-15 Fixed 7.50000000 N N N N N N Walker & Dunlop, Inc. N/A 93148PAA0 112000.00000000 PA USD 115444.45000000 0.314021574569 Long DBT CORP US N 2 2033-04-01 Fixed 6.62500000 N N N N N N Level 3 Financing, Inc. 254900AE5FEFIJOXWL19 527298CN1 165667.00000000 PA USD 170864.30000000 0.464769649157 Long DBT CORP US N 2 2034-03-31 Fixed 7.00000000 N N N N N N Sunoco L.P. 54930001NJU8E40NQ561 86765KAG4 196000.00000000 PA USD 196074.77000000 0.533344894525 Long DBT CORP US N 2 2034-03-15 Fixed 5.87500000 N N N N N N MPT Operating Partnership L.P./ MPT Finance Corp. N/A 55342UAJ3 15000.00000000 PA USD 12579.07000000 0.034216451011 Long DBT CORP US N 2 2029-08-01 Fixed 4.62500000 N N N N N N Viking Cruises Ltd. 549300IJP90T4MV2GL84 92676XAH0 286000.00000000 PA USD 290562.56000000 0.790362053803 Long DBT CORP BM N 2 2033-10-15 Fixed 5.87500000 N N N N N N Clear Channel Outdoor Holdings, Inc. 254900XBEE6V1ENYS150 18453HAH9 42000.00000000 PA USD 44399.09000000 0.120770397808 Long DBT CORP US N 2 2033-03-15 Fixed 7.50000000 N N N N N N N/A N/A N/A 2610.89000000 NS 1905.85000000 0.005184121175 N/A DE N/A N 1 AMERICANAS S.A.- EM RECUPERACAO JUDICIAL N/A Call Purchased Americanas S.A. Americanas S.A. 1.00000000 1.00000000 BRL 2027-03-16 XXXX 1905.85000000 N N N EchoStar Corp. 549300EE20907QZ9GT38 278768AA4 325961.00000000 PA USD 334344.26000000 0.909453083049 Long DBT CORP US N 2 2030-11-30 Fixed 6.75000000 N N Y N N N Clydesdale Acquisition Holdings, Inc. 254900QKSDYFR3K5YD98 18972EAD7 91000.00000000 PA USD 93633.94000000 0.254694593563 Long DBT CORP US N 2 2032-04-15 Fixed 6.75000000 N N N N N N Freedom Mortgage Holdings LLC 254900ROJ91RGM43S156 35641AAC2 47000.00000000 PA USD 49511.67000000 0.134677176537 Long DBT CORP US N 2 2032-04-01 Fixed 8.37500000 N N N N N N California Buyer Ltd. / Atlantica Sustainable Infrastructure PLC 549300ITBBGKJ651R879 13005HAA8 269000.00000000 PA USD 270025.97000000 0.734500275016 Long DBT CORP GB N 2 2032-02-15 Fixed 6.37500000 N N N N N N Codere Online Luxembourg, S.A. 222100ZJU57ZQLLYNO89 N/A 3.00000000 NS 14.10000000 0.000038353547 N/A DE LU N 3 Codere Online Luxembourg SA 222100ZJU57ZQLLYNO89 Call Purchased Codere Online Luxembourg, S.A. Codere Online Luxembourg, S.A. 1.00000000 0.00 EUR 2034-10-15 XXXX 14.1 N N N Cleveland-Cliffs Inc. 549300TM2WLI2BJMDD86 185899AQ4 58000.00000000 PA USD 60110.43000000 0.163506967001 Long DBT CORP US N 2 2029-11-01 Fixed 6.87500000 N N N N N N Whirlpool Corp. WHENKOULSSK7WUM60H03 963320BE5 92000.00000000 PA USD 89278.28000000 0.242846720309 Long DBT CORP US N 2 2033-06-15 Fixed 6.50000000 N N N N N N Excelerate Energy L.P. LGL4IE90TNTFYJ55BK06 30069UAA6 113000.00000000 PA USD 119809.15000000 0.325894037615 Long DBT CORP US N 2 2030-05-15 Fixed 8.00000000 N N N N N N Provident Funding Associates L.P./ PFG Finance Corp. N/A 74387UAK7 266000.00000000 PA USD 280766.72000000 0.763716293863 Long DBT CORP US N 2 2029-09-15 Fixed 9.75000000 N N N N N N Celanese US Holdings LLC CD30XVRLT4QO00B1C706 15089QBD5 51000.00000000 PA USD 51847.90000000 0.141031978550 Long DBT CORP US N 2 2034-02-15 Fixed 7.37500000 N N N N N N PHINIA Inc. 254900HG6MORZE1FFM18 71880KAB7 67000.00000000 PA USD 69627.06000000 0.189393245096 Long DBT CORP US N 2 2032-10-15 Fixed 6.62500000 N N N N N N Venture Global LNG, Inc. 54930011XLBUWMQUC829 92332YAF8 94500.00000000 PA USD 74698.54000000 0.203188227314 Long DBT CORP US N 2 N/A Variable 9.00000000 N N N N N N ION Platform Finance US, Inc. 213800FKHT3BRRKMCC89 46205QAB4 200000.00000000 PA USD 190021.46000000 0.516879226946 Long DBT CORP US N 2 2032-09-30 Fixed 7.87500000 N N N N N N Amneal Pharmaceuticals LLC 54930037VIXE7LRZ1M66 03167DAR5 49875.00000000 PA USD 50373.75000000 0.137022128755 Long LON CORP US N 2 2032-07-31 Floating 7.21610000 N N N N N N First Quantum Minerals Ltd. 549300I7UVBGWRYMYZ18 335934AU9 59000.00000000 PA USD 62162.05000000 0.169087598576 Long DBT CORP CA N 2 2031-06-01 Fixed 8.62500000 N N N N N N Lumen Technologies, Inc. 8M3THTGWLTYZVE6BBY25 550241AK9 11000.00000000 PA USD 11068.75000000 0.030108214847 Long DBT CORP US N 2 2032-10-15 Fixed 10.00000000 N N N N N N Sensata Technologies, Inc. 5493002MMDDCUNV7NY90 81728UAC8 72000.00000000 PA USD 75448.59000000 0.205228445636 Long DBT CORP US N 2 2032-07-15 Fixed 6.62500000 N N N N N N Gray Media, Inc. 529900TM5726KDN7UU35 389286AA3 23000.00000000 PA USD 17267.37000000 0.046969141574 Long DBT CORP US N 2 2031-11-15 Fixed 5.37500000 N N N N N N Beignet Investor LLC N/A 076912AA2 57000.00000000 PA USD 60272.29000000 0.163947243966 Long DBT CORP US N 2 2049-05-30 Fixed 6.58100000 N N N N N N GGAM Finance Ltd. 254900X2QXEN0FVXRF65 36170JAD8 272000.00000000 PA USD 282794.59000000 0.769232322831 Long DBT CORP KY N 2 2029-04-15 Fixed 6.87500000 N N N N N N Getty Images, Inc. 5493005NV20IG4VEKZ40 374276AR4 31000.00000000 PA USD 31279.71000000 0.085084244294 Long DBT CORP US N 2 2030-11-15 Fixed 10.50000000 N N N N N N Tallgrass Energy Partners L.P./ Tallgrass Energy Finance Corp. 549300IQ3DN0F3VERF65 87470LAL5 117000.00000000 PA USD 121364.45000000 0.330124624317 Long DBT CORP US N 2 2029-02-15 Fixed 7.37500000 N N N N N N Level 3 Financing, Inc. 254900AE5FEFIJOXWL19 527298CQ4 80000.00000000 PA USD 82027.01000000 0.223122470048 Long DBT CORP US N 2 2036-01-15 Fixed 8.50000000 N N N N N N Northriver Midstream Finance L.P. 549300SOLNLY3BL6GF18 66679NAB6 112000.00000000 PA USD 114214.07000000 0.310674805929 Long DBT CORP CA N 2 2032-07-15 Fixed 6.75000000 N N N N N N DISH DBS Corp. N/A 25470XBD6 137000.00000000 PA USD 121709.29000000 0.331062626965 Long DBT CORP US N 2 2029-06-01 Fixed 5.12500000 N N N N N N Tenet Healthcare Corp. 0W9AIBT6U6ADJ2I8HK17 88033GDM9 152000.00000000 PA USD 149862.15000000 0.407641496073 Long DBT CORP US N 2 2029-06-01 Fixed 4.25000000 N N N N N N CSC Holdings, LLC 3HG2WD2W22M120IUNG49 64072UAK8 43733.67000000 PA USD 38329.28000000 0.104259848418 Long LON CORP US N 2 2027-04-15 Floating 8.25000000 N N N N N N ION Platform Finance S.a. r.l. 6488IU1F9M51Z3P60R77 YK3683686 300000.00000000 PA 337756.18000000 0.918733879924 Long DBT CORP LU N 2 2032-09-30 Fixed 6.87500000 N N N N N N CoreWeave, Inc. 984500511DP2B6186053 21873SAB4 24000.00000000 PA USD 22339.38000000 0.060765565451 Long DBT CORP US N 2 2030-06-01 Fixed 9.25000000 N N N N N N FirstCash, Inc. 549300V2X3UU7K0DG350 33767DAD7 272000.00000000 PA USD 283274.86000000 0.770538709943 Long DBT CORP US N 2 2032-03-01 Fixed 6.87500000 N N N N N N Cloud Software Group, Inc. 04EEB871XLHVNY4RZJ65 18912UAA0 228000.00000000 PA USD 237621.69000000 0.646357076894 Long DBT CORP US N 2 2029-09-30 Fixed 9.00000000 N N N N N N Bausch Health Cos. Inc. B3BS7ACMDUWISF18KY76 071734AM9 21000.00000000 PA USD 16187.96000000 0.044033027904 Long DBT CORP CA N 2 2029-02-15 Fixed 5.00000000 N N N N N N N/A N/A N/A 1.00000000 NC N/A -1827.74000000 -0.00497165340 N/A DFE N/A N 2 State Street Bank and Trust Company 571474TGEMMWANRLN572 171000.00000000 GBP 228665.18000000 USD 2026-01-28 -1827.74000000 N N N Iliad Holding 9695009BGMXB527HV965 449691AF1 179000.00000000 PA USD 192764.92000000 0.524341739253 Long DBT CORP FR N 2 2031-04-15 Fixed 8.50000000 N N N N N N Invesco Private Prime Fund N/A N/A 1240033.89860000 NS USD 1240033.89860000 3.373028303725 Long STIV PF US N 2 N N WarnerMedia Holdings, Inc. 549300DXR29GD4N0A520 55903VBW2 206000.00000000 PA USD 145487.50000000 0.395741967935 Long DBT CORP US N 2 2042-03-15 Fixed 5.05000000 N N N N N N Venture Global LNG, Inc. 54930011XLBUWMQUC829 92332YAD3 268000.00000000 PA USD 277030.91000000 0.753554480641 Long DBT CORP US N 2 2032-02-01 Fixed 9.87500000 N N N N N N Xerox Corp. 4KF48RN45X1OO8UBLY20 984121CT8 7000.00000000 PA USD 5735.63000000 0.015601543112 Long DBT CORP US N 2 2031-04-15 Fixed 13.50000000 N N N N N N Nissan Motor Co., Ltd. 353800DRBDH1LUTNAY26 654922AD5 59000.00000000 PA USD 62747.82000000 0.170680957267 Long DBT CORP JP N 2 2035-07-17 Fixed 8.12500000 N N N N N N Level 3 Financing, Inc. 254900AE5FEFIJOXWL19 527298BS1 7000.00000000 PA USD 6495.37000000 0.017668119297 Long DBT CORP US N 2 2029-01-15 Fixed 3.62500000 N N N N N N Entergy Corp. 4XM3TW50JULSLG8BNC79 29364GAQ6 113000.00000000 PA USD 118724.96000000 0.322944921820 Long DBT CORP US N 2 2054-12-01 Variable 7.12500000 N N N N N N EchoStar Corp. 549300EE20907QZ9GT38 278768AC0 58000.00000000 PA USD 64181.71000000 0.174581295443 Long DBT CORP US N 2 2029-11-30 Fixed 10.75000000 N N N N N N DaVita Inc. M2XHYMU3TZNEZURC6H66 23918KAW8 56000.00000000 PA USD 58327.70000000 0.158657745738 Long DBT CORP US N 2 2032-09-01 Fixed 6.87500000 N N N N N N Sunoco L.P. 54930001NJU8E40NQ561 86765KAD1 142000.00000000 PA USD 145526.22000000 0.395847290584 Long DBT CORP US N 2 2033-07-01 Fixed 6.25000000 N N N N N N DaVita Inc. M2XHYMU3TZNEZURC6H66 23918KAY4 59000.00000000 PA USD 61222.70000000 0.166532463478 Long DBT CORP US N 2 2033-07-15 Fixed 6.75000000 N N N N N N Vodafone Group PLC 213800TB53ELEUKM7Q61 92857WBW9 402000.00000000 PA USD 376377.57000000 1.023788299602 Long DBT CORP GB N 2 2081-06-04 Variable 4.12500000 N N N N N N Bausch Health Cos. Inc. B3BS7ACMDUWISF18KY76 071734AJ6 28000.00000000 PA USD 19728.66000000 0.053664120512 Long DBT CORP CA N 2 2030-01-30 Fixed 5.25000000 N N N N N N Lamar Media Corp. N/A 513075CA7 113000.00000000 PA USD 112400.80000000 0.305742512514 Long DBT CORP US N 2 2033-11-01 Fixed 5.37500000 N N N N N N First Quantum Minerals Ltd. 549300I7UVBGWRYMYZ18 335934AW5 55000.00000000 PA USD 58805.84000000 0.159958339016 Long DBT CORP CA N 2 2033-03-01 Fixed 8.00000000 N N N N N N Virgin Media Secured Finance PLC 213800X3RLP4NOTPY579 92769XAR6 331000.00000000 PA USD 307614.92000000 0.836746344579 Long DBT CORP GB N 2 2030-08-15 Fixed 4.50000000 N N N N N N Altice France 5493001ZMCICV4N02J21 02090DAE8 26110.00000000 PA USD 25055.14000000 0.068152730719 Long DBT CORP FR N 2 2032-07-15 Fixed 6.87500000 N N N N N N Atos SE 5493001EZOOA66PTBR68 YT9915620 125000.00000000 PA 145525.71000000 0.395845903328 Long DBT CORP FR N 2 2030-12-18 Variable 5.20000000 N N N N N N Tidewater Inc. 2549000JA5GRUPLMUH98 88642RAE9 252000.00000000 PA USD 270584.76000000 0.736020245145 Long DBT CORP US N 2 2030-07-15 Fixed 9.12500000 N N N N N N Diversified Healthcare Trust N/A 25525PAB3 33000.00000000 PA USD 29196.32000000 0.079417194832 Long DBT CORP US N 2 2031-03-01 Fixed 4.37500000 N N N N N N Xerox Corp. 4KF48RN45X1OO8UBLY20 984121CL5 5000.00000000 PA USD 1335.66000000 0.003633141794 Long DBT CORP US N 2 2035-03-01 Fixed 4.80000000 N N N N N N WarnerMedia Holdings, Inc. 549300DXR29GD4N0A520 55903VBU6 48000.00000000 PA USD 31744.80000000 0.086349340140 Long DBT CORP US N 2 2052-03-15 Fixed 5.14100000 N N N N N N Sabre GLBL Inc. F2TJC7HPPHLHU1AQMP98 78573NAL6 6000.00000000 PA USD 5106.32000000 0.013889750842 Long DBT CORP US N 2 2029-11-15 Fixed 10.75000000 N N N N N N CCO Holdings, LLC/CCO Holdings Capital Corp. N/A 1248EPCP6 77000.00000000 PA USD 65544.27000000 0.178287608190 Long DBT CORP US N 2 2034-01-15 Fixed 4.25000000 N N N N N LABL, Inc. 5493004FUZN8R6Y3VB98 50168AAA8 16000.00000000 PA USD 9957.40000000 0.027085220871 Long DBT CORP US N 2 2027-07-15 Fixed 10.50000000 N N N N N N Cleveland-Cliffs Inc. 549300TM2WLI2BJMDD86 185899AP6 63000.00000000 PA USD 64653.78000000 0.175865377655 Long DBT CORP US N 2 2032-03-15 Fixed 7.00000000 N N N N N Global Aircraft Leasing Co., Ltd. N/A 37960JAC2 271000.00000000 PA USD 281379.03000000 0.765381844267 Long DBT CORP KY N 2 2027-09-01 Fixed 8.75000000 N N N N N N AP Grange Holdings, LLC N/A 00187RAA3 10430.94000000 PA USD 10430.95000000 0.028373328845 Long DBT CORP KY N 2 2045-03-20 Fixed 6.50000000 N N N N N N Venture Global Plaquemines LNG, LLC 549300TKP4I6OJ02BF90 922966AC0 139000.00000000 PA USD 142440.25000000 0.387453113485 Long DBT CORP US N 2 2034-01-15 Fixed 6.50000000 N N N N N N N/A N/A N/A 1.00000000 NC N/A -24455.67000000 -0.06652210652 N/A DFE N/A N 2 BARCLAYS BANK PLC G5GSEF7VJP5I7OUK5573 2499000.00000000 EUR 2915570.31000000 USD 2026-01-28 -24455.67000000 N N N New Enterprise Stone & Lime Co, Inc. 549300O5DQ5Y61B8VF38 644274AH5 118000.00000000 PA USD 118292.96000000 0.321769834406 Long DBT CORP US N 2 2028-07-15 Fixed 5.25000000 N N N N N N VMED 02 UK Financing I PLC 213800MRR46ECNGZ7L69 92858RAB6 127000.00000000 PA USD 117347.81000000 0.319198922672 Long DBT CORP GB N 2 2031-07-15 Fixed 4.75000000 N N N N N N Directv Financing LLC / Directv Financing Co-Obligor Inc. N/A 25461LAD4 32000.00000000 PA USD 32723.26000000 0.089010858731 Long DBT CORP US N 2 2031-02-15 Fixed 10.00000000 N N N N N N Genesis Energy L.P./ Genesis Energy Finance Corp. N/A 37185LAR3 135000.00000000 PA USD 140241.65000000 0.381472680178 Long DBT CORP US N 2 2033-05-15 Fixed 8.00000000 N N N N N N Petroleos Mexicanos 549300CAZKPF4HKMPX17 706451BG5 60000.00000000 PA USD 56973.78000000 0.154974934739 Long DBT CORP MX N 2 2035-06-15 Fixed 6.62500000 N N N N N N Forvia SE 969500F0VMZLK2IULV85 31209DAA3 122000.00000000 PA USD 130880.14000000 0.356008345508 Long DBT CORP FR N 2 2030-06-15 Fixed 8.00000000 N N N N N N Sunoco L.P. 54930001NJU8E40NQ561 86765KAF6 17000.00000000 PA USD 17133.40000000 0.046604728470 Long DBT CORP US N 2 2031-03-15 Fixed 5.62500000 N N N N N N Vistra Corp. 549300KP43CPCUJOOG15 92840MAB8 60000.00000000 PA USD 61740.73000000 0.167941561934 Long DBT CORP US N 2 N/A Variable 8.00000000 N N N N N N Hilton Domestic Operating Co. Inc. 5493003EG7H0N1E4XV50 432833AR2 166000.00000000 PA USD 171414.26000000 0.466265600718 Long DBT CORP US N 2 2033-03-15 Fixed 5.87500000 N N N N N N Carvana Co. 5493003WEAK2PJ5WS063 146869AM4 118422.00000000 PA USD 133711.33000000 0.363709493045 Long DBT CORP US N 2 2031-06-01 Fixed 9.00000000 N N Y N N N N/A N/A N/A 1.00000000 NC N/A 3649.88000000 0.009928074191 N/A DFE N/A N 2 Canadian Imperial Bank of Commerce 2IGI19DL77OX0HC3ZE78 174274.48000000 USD 132000.00000000 GBP 2026-01-28 3649.88000000 N N N HUB International Ltd. 549300JQT6ATTUNS5E06 44332PAH4 51000.00000000 PA USD 53574.49000000 0.145728492851 Long DBT CORP US N 2 2030-06-15 Fixed 7.25000000 N N N N N N MPT Operating Partnership L.P./ MPT Finance Corp. WUQXXXF7PXTUPGROE843 55342UAM6 18000.00000000 PA USD 13102.42000000 0.035640020452 Long DBT CORP US N 2 2031-03-15 Fixed 3.50000000 N N N N N N Global Partners L.P./ GLP Finance Corp. N/A 37954FAL8 121000.00000000 PA USD 123679.91000000 0.336422929649 Long DBT CORP US N 2 2033-07-01 Fixed 7.12500000 N N N N N N LBM Acquisition, LLC 549300FAEB3VWZL4NI86 05552BAA4 13000.00000000 PA USD 11712.03000000 0.031858007050 Long DBT CORP US N 2 2029-01-15 Fixed 6.25000000 N N N N N N Clear Channel Outdoor Holdings, Inc. 254900XBEE6V1ENYS150 18453HAG1 52000.00000000 PA USD 54635.81000000 0.148615399736 Long DBT CORP US N 2 2031-02-15 Fixed 7.12500000 N N N N N N New Fortress Energy Inc. 254900EICTYTCHA5X705 644393AB6 21000.00000000 PA USD 1617.00000000 0.004398417473 Long DBT CORP US N 2 2026-09-30 Fixed 6.50000000 N N N N N N iHeartCommunications, Inc. 54930076J6KDZL504O62 45174HBJ5 70000.00000000 PA USD 67474.40000000 0.183537773631 Long DBT CORP US N 2 2029-05-01 Fixed 9.12500000 N N N N N N AMC Networks Inc. 549300VGG9K75226LR46 00164VAF0 93000.00000000 PA USD 82727.55000000 0.225028015736 Long DBT CORP US N 2 2029-02-15 Fixed 4.25000000 N N N N N N Tenet Healthcare Corp. 0W9AIBT6U6ADJ2I8HK17 88033GDV9 15000.00000000 PA USD 15453.29000000 0.042034644871 Long DBT CORP US N 2 2033-11-15 Fixed 6.00000000 N N N N N N Opal Bidco SAS 969500R96XT7XY2UJ564 68348BAA1 101000.00000000 PA USD 103516.79000000 0.281577030252 Long DBT CORP FR N 2 2032-03-31 Fixed 6.50000000 N N N N N N CSC Holdings, LLC 3HG2WD2W22M120IUNG49 126307BA4 55000.00000000 PA USD 20377.47000000 0.055428954922 Long DBT CORP US N 2 2030-01-15 Fixed 5.75000000 N N N N N N Univision Communications Inc. 549300YQDE2JSGTL8V47 914906AY8 66000.00000000 PA USD 68405.04000000 0.186069216573 Long DBT CORP US N 2 2028-08-15 Fixed 8.00000000 N N N N N N Clarios Global L.P./ Clarios US Finance Co. 549300474L1ZLXZY2P98 YN0904808 300000.00000000 PA 358408.70000000 0.974911001034 Long DBT CORP US N 2 2031-06-15 Fixed 4.75000000 N N N N N N Allison Transmission, Inc. MWKQ3I0U1GXP2YDSZW75 019736AH0 92000.00000000 PA USD 93385.73000000 0.254019435121 Long DBT CORP US N 2 2033-12-01 Fixed 5.87500000 N N N N N N Staples, Inc. XQM2JINI1UL7642TU573 855030AS1 8000.00000000 PA USD 6722.31000000 0.018285421005 Long DBT CORP US N 2 2030-01-15 Fixed 12.75000000 N N N N N N Sunoco L.P. 54930001NJU8E40NQ561 86765KAE9 54000.00000000 PA USD 55514.16000000 0.151004608139 Long DBT CORP US N 2 N/A Variable 7.87500000 N N N N N N Great Lakes Dredge & Dock Corp. 549300H65E3MZ1CX0P05 390607AF6 119000.00000000 PA USD 116617.26000000 0.317211746490 Long DBT CORP US N 2 2029-06-01 Fixed 5.25000000 N N N N N N Iliad Holding 9695009BGMXB527HV965 449691AG9 253000.00000000 PA USD 261071.46000000 0.710143025016 Long DBT CORP FR N 2 2032-04-15 Fixed 7.00000000 N N N N N N Clarios Global L.P./ Clarios US Finance Co. 549300474L1ZLXZY2P98 18060TAE5 62000.00000000 PA USD 64330.43000000 0.174985830166 Long DBT CORP US N 2 2032-09-15 Fixed 6.75000000 N N N N N N Jefferies Finance LLC / JFIN Co-Issuer Corp. 549300SKVB18YSSIDT75 47232MAF9 67000.00000000 PA USD 64557.15000000 0.175602533449 Long DBT CORP US N 2 2028-08-15 Fixed 5.00000000 N N N N N N NRG Energy, Inc. 5E2UPK5SW04M13XY7I38 629377DD1 284000.00000000 PA USD 287910.21000000 0.783147370695 Long DBT CORP US N 2 2036-01-15 Fixed 6.00000000 N N N N N N Invesco Government & Agency Portfolio 5493007T1J7WZ5QI1A47 825252885 456588.89000000 NS USD 456588.89000000 1.241971893571 Long STIV RF US N 1 N N N ESAB Corp. 549300ZNV0SWBXEIWT04 29605JAA4 267000.00000000 PA USD 274867.69000000 0.747670284817 Long DBT CORP US N 2 2029-04-15 Fixed 6.25000000 N N N N N N EZCORP, Inc. 5493003K6PG3ZQ7TUQ63 302301AJ5 368000.00000000 PA USD 391352.54000000 1.064521861575 Long DBT CORP US N 2 2032-04-01 Fixed 7.37500000 N N N N N N Genesis Energy L.P./ Genesis Energy Finance Corp. N/A 37185LAQ5 162000.00000000 PA USD 168987.87000000 0.459665553610 Long DBT CORP US N 2 2032-05-15 Fixed 7.87500000 N N N N N N CCO Holdings, LLC/CCO Holdings Capital Corp. N/A 1248EPCQ4 132000.00000000 PA USD 120738.05000000 0.328420747566 Long DBT CORP US N 2 2032-02-01 Fixed 4.75000000 N N N N N FIBERCOP S.p.A. 8156007022402E114A31 683879AF7 63000.00000000 PA USD 62858.25000000 0.170981338987 Long DBT CORP IT N 2 2036-07-18 Fixed 7.20000000 N N N N N N Medline Borrower, L.P. 254900QT3R363TVK6F09 62482BAB8 195000.00000000 PA USD 196169.22000000 0.533601808891 Long DBT CORP US N 2 2029-10-01 Fixed 5.25000000 N N N N N N New Gold Inc. 5493005G0GNCHP0H6L96 644535AJ5 381000.00000000 PA USD 406171.53000000 1.104831140829 Long DBT CORP CA N 2 2032-04-01 Fixed 6.87500000 N N N N N N Vistra Corp. 549300KP43CPCUJOOG15 92840MAD4 244000.00000000 PA USD 269859.36000000 0.734047077529 Long DBT CORP US N 2 N/A Variable 8.87500000 N N N N N N HUB International Ltd. 549300JQT6ATTUNS5E06 44332PAJ0 64000.00000000 PA USD 67211.46000000 0.182822547972 Long DBT CORP US N 2 2032-01-31 Fixed 7.37500000 N N N N N N Newell Brands Inc. 549300LWGYFM1TVO1Z12 651229BF2 175000.00000000 PA USD 171127.53000000 0.465485663648 Long DBT CORP US N 2 2030-05-15 Fixed 6.37500000 N N N N N Level 3 Financing, Inc. 254900AE5FEFIJOXWL19 527298BT9 12000.00000000 PA USD 10971.12000000 0.029842650531 Long DBT CORP US N 2 2029-07-15 Fixed 3.75000000 N N N N N N USI, Inc. 2549006D7UF7072T7I27 90346KAB5 56000.00000000 PA USD 58762.42000000 0.159840231851 Long DBT CORP US N 2 2032-01-15 Fixed 7.50000000 N N N N N N McAfee Corp. 2549009UKR8UEZYVCR93 579063AB4 26000.00000000 PA USD 22701.71000000 0.061751142819 Long DBT CORP US N 2 2030-02-15 Fixed 7.37500000 N N N N N N CHS/Community Health Systems, Inc. 5493007X5NC5XI1BB106 12543DBK5 170000.00000000 PA USD 151565.27000000 0.412274169398 Long DBT CORP US N 2 2031-02-15 Fixed 4.75000000 N N N N N N CSC Holdings, LLC 3HG2WD2W22M120IUNG49 126307BH9 370000.00000000 PA USD 226565.80000000 0.616283842658 Long DBT CORP US N 2 2031-11-15 Fixed 4.50000000 N N N N N N Invesco Private Government Fund N/A N/A 476927.73000000 NS USD 476927.73000000 1.297295770654 Long STIV PF US N 2 N N BondBloxx CCC-Rated USD High Yield Corporate Bond ETF N/A 09789C887 3000.00000000 NS USD 114075.00000000 0.310296520266 Long EC RF US N 1 N N N RB Global Holdings Inc. 254900LH3N0EGB1LQ203 76774LAC1 161000.00000000 PA USD 168521.12000000 0.458395942382 Long DBT CORP US N 2 2031-03-15 Fixed 7.75000000 N N N N N N 1261229 B.C. Ltd. N/A 68288AAA5 160000.00000000 PA USD 166522.70000000 0.452960020646 Long DBT CORP CA N 2 2032-04-15 Fixed 10.00000000 N N N N N N TrueNoord Capital DAC N/A 89785GAA6 112000.00000000 PA USD 118806.13000000 0.323165713129 Long DBT CORP IE N 2 2030-03-01 Fixed 8.75000000 N N N N N N MPH Acquisition Holdings LLC 5493002WXOPRPTXWTU06 553283AG7 49000.00000000 PA USD 43036.70000000 0.117064547479 Long DBT CORP US N 2 2030-12-31 Fixed 5.75000000 N N N N N N Vistra Operations Co. LLC 549300ZH5GKBTJZ7NM23 92840VAR3 384000.00000000 PA USD 404693.85000000 1.100811689047 Long DBT CORP US N 2 2032-04-15 Fixed 6.87500000 N N N N N N Danaos Corp. 734IM3DNDNT36T7YTD24 23585WAC8 124000.00000000 PA USD 128343.97000000 0.349109684752 Long DBT CORP MH N 2 2032-10-15 Fixed 6.87500000 N N N N N N E.W. Scripps Co. (The) 549300U1OW41QPKYW028 811054AH8 23000.00000000 PA USD 22987.77000000 0.062529257415 Long DBT CORP US N 2 2030-08-15 Fixed 9.87500000 N N N N N N JELD-WEN, Inc. 549300XWE6NM0N1HFW16 475795AD2 8000.00000000 PA USD 7015.98000000 0.019084235636 Long DBT CORP US N 2 2027-12-15 Fixed 4.87500000 N N N N N N Office Properties Income Trust N/A 67623CAK5 141000.00000000 PA USD 103635.00000000 0.281898574427 Long DBT CORP US N 2 2059-12-31 Fixed 9.00000000 Y Y N N N N Endo Luxembourg Finance Co. I S.a.r.l. N/A 29280UAD5 117203.28000000 PA USD 116441.46000000 0.316733551196 Long LON CORP US N 2 2031-04-23 Floating 7.46610000 N N N N N N MPH Acquisition Holdings LLC 5493002WXOPRPTXWTU06 553283AF9 68350.00000000 PA USD 72347.79000000 0.196793929309 Long DBT CORP US N 2 2030-12-31 Fixed 11.50000000 N N Y N N N JELD-WEN, Inc. 549300XWE6NM0N1HFW16 47580PAA1 12000.00000000 PA USD 8256.24000000 0.022457878961 Long DBT CORP US N 2 2032-09-01 Fixed 7.00000000 N N N N N N Transocean International Ltd. DOL4HJ22ADYSIWES4H94 893814AA1 121000.00000000 PA USD 126945.46000000 0.345305584059 Long DBT CORP BM N 2 2032-10-15 Fixed 7.87500000 N N N N N N SGUS LLC N/A 81880AAA0 29820.00000000 PA USD 11182.50000000 0.030417627331 Long DBT CORP US N 2 2029-12-15 Fixed 11.00000000 N N N N N N iShares Broad USD High Yield Corporate Bond ETF 549300X7H67ZLUE3IZ46 46435U853 10000.00000000 NS USD 373950.00000000 1.017185042765 Long EC RF US N 1 N N American Airlines Inc./AAdvantage Loyalty IP Ltd. IWUQB36BXD6OWD6X4T14 00253XAB7 291000.00000000 PA USD 296512.70000000 0.806547087658 Long DBT CORP US N 2 2029-04-20 Fixed 5.75000000 N N N N N N CoreWeave, Inc. 984500511DP2B6186053 21873SAC2 53000.00000000 PA USD 48641.81000000 0.132311061866 Long DBT CORP US N 2 2031-02-01 Fixed 9.00000000 N N N N N N Bausch and Lomb, Inc. 549300NY6OZM39SO6475 C0787FAJ1 197628.45000000 PA USD 199950.58000000 0.543887523113 Long LON CORP CA N 2 2031-01-30 Floating 7.96610000 N N N N N N OneMain Finance Corp. 5493008I795YYBFWFU90 682691AA8 1000.00000000 PA USD 941.08000000 0.002559840887 Long DBT CORP US N 2 2030-09-15 Fixed 4.00000000 N N N N N N Altice France 5493001ZMCICV4N02J21 929YHW907 21720.20000000 NS 391179.50000000 1.064051173783 Long EC CORP FR N 2 N N N Altice France Lux 3 / Altice Holdings 1 N/A 020956AA6 42000.00000000 PA USD 38571.90000000 0.104919801446 Long DBT CORP LU N 2 2033-01-15 Fixed 10.00000000 N N N N N N Telecom Italia Capital S.A. 549300777DJZOR5C4L39 87927VAV0 53000.00000000 PA USD 58797.23000000 0.159934918871 Long DBT CORP LU N 2 2038-06-04 Fixed 7.72100000 N N N N N N Tenet Healthcare Corp. 0W9AIBT6U6ADJ2I8HK17 88033GDU1 42000.00000000 PA USD 43724.06000000 0.118934242120 Long DBT CORP US N 2 2031-05-15 Fixed 6.75000000 N N N N N N Brookfield Infrastructure Finance ULC 984500CDDWC47U7DBA74 11276BAA7 174000.00000000 PA USD 176176.04000000 0.479218164946 Long DBT CORP CA N 2 2055-03-15 Variable 6.75000000 N N N N N N PetSmart LLC / PetSmart Finance Corp. N/A 71677KAD0 63000.00000000 PA USD 64958.48000000 0.176694195097 Long DBT CORP US N 2 2033-09-15 Fixed 10.00000000 N N N N N N Nationstar Mortgage Holdings Inc. N/A 63861CAF6 753000.00000000 PA USD 769999.63000000 2.094483504668 Long DBT CORP US N 2 2032-02-01 Fixed 7.12500000 N N N N N N Level 3 Financing, Inc. 254900AE5FEFIJOXWL19 527298CM3 56000.00000000 PA USD 57349.49000000 0.155996907175 Long DBT CORP US N 2 2033-06-30 Fixed 6.87500000 N N N N N N AAdvantage Loyality IP Ltd. (American Airlines, Inc.) N/A 02376CBT1 92775.00000000 PA USD 93355.31000000 0.253936689382 Long LON CORP KY N 2 2032-05-07 Floating 7.13444000 N N N N N N Air Lease Corp. 5493004NW4M4P8TMMK63 00912XBJ2 277000.00000000 PA USD 275181.66000000 0.748524317677 Long DBT CORP US N 2 N/A Variable 4.65000000 N N N N N N N/A N/A N/A 184690.00000000 NS 108.53000000 0.000295213511 N/A DE N/A N 1 Casino Guichard-Perrachon N/A Call Purchased Casino Guichard-Perrachon Casino Guichard-Perrachon 1.00000000 16.88000000 EUR 2029-04-27 XXXX -2331.13000000 N N N CHC Group LLC N/A 12550EAA6 58000.00000000 PA USD 54570.42000000 0.148437531759 Long DBT CORP KY N 2 2030-09-01 Fixed 11.75000000 N N N N N N Clydesdale Acquisition Holdings, Inc. 254900QKSDYFR3K5YD98 18972EAB1 92000.00000000 PA USD 93601.17000000 0.254605455567 Long DBT CORP US N 2 2030-04-15 Fixed 8.75000000 N N N N N N SS&C Technologies, Inc. 549300KY09TR3J12JU49 78466CAC0 120000.00000000 PA USD 120187.56000000 0.326923354348 Long DBT CORP US N 2 2027-09-30 Fixed 5.50000000 N N N N N N PennyMac Financial Services, Inc. 549300W1D516HBDEU871 70932MAB3 64000.00000000 PA USD 62849.57000000 0.170957728434 Long DBT CORP US N 2 2029-02-15 Fixed 4.25000000 N N N N N N HA Sustainable Infrastructure Capital, Inc. 254900ZZRL7MWL1X8E92 41068XAG5 185000.00000000 PA USD 193802.30000000 0.527163526710 Long DBT CORP US N 2 2056-06-01 Variable 8.00000000 N N N N N N Michaels Cos., Inc. (The) 549300H9LWMBP7HYLR98 55916AAB0 22000.00000000 PA USD 20338.03000000 0.055321673794 Long DBT CORP US N 2 2029-05-01 Fixed 7.87500000 N N N N N N Staples, Inc. XQM2JINI1UL7642TU573 855030AQ5 24000.00000000 PA USD 23890.58000000 0.064984999703 Long DBT CORP US N 2 2029-09-01 Fixed 10.75000000 N N N N N N Cerdia Finanz GmbH 391200KURNDJSX9GX570 15679GAC6 112000.00000000 PA USD 116340.00000000 0.316457568860 Long DBT CORP DE N 2 2031-10-03 Fixed 9.37500000 N N N N N N N/A N/A N/A 1.00000000 NC N/A 4131.80000000 0.011238949484 N/A DFE N/A N 2 Natwest Markets PLC RR3QWICWWIPCS8A4S074 117180.27000000 USD 90000.00000000 GBP 2026-01-28 4131.80000000 N N N Greystar Real Estate Partners, LLC 254900HGC806SXAS4M46 39806LAJ6 184903.44000000 PA USD 186059.09000000 0.506101145657 Long LON CORP US N 3 2030-08-21 Floating 6.32237000 N N N N N N Vistra Operations Co. LLC 549300ZH5GKBTJZ7NM23 92840VAF9 52000.00000000 PA USD 52304.23000000 0.142273246234 Long DBT CORP US N 2 2027-07-31 Fixed 5.00000000 N N N N N N Vibrantz Technologies Inc. 549300GYZ1T3S8OPH343 69357VAA3 14000.00000000 PA USD 4788.68000000 0.013025735180 Long DBT CORP US N 2 2030-02-15 Fixed 9.00000000 N N N N N N Cushman & Wakefield US Borrower LLC 549300870CMN3WI5IF97 23340DAW2 583080.00000000 PA USD 587292.75000000 1.597500738132 Long LON CORP US N 2 2030-01-31 Floating 6.46610000 N N N N N N Asurion LLC and Asurion Co-Issuer Inc. N/A 045941AA9 189000.00000000 PA USD 196205.89000000 0.533701555316 Long DBT CORP US N 2 2032-12-31 Fixed 8.00000000 N N N N N N Brink's Co. (The) XFP140TFNOQMIVFTVQ13 109696AD6 189000.00000000 PA USD 197862.40000000 0.538207444325 Long DBT CORP US N 2 2032-06-15 Fixed 6.75000000 N N N N N N RLJ LODGING TRUST, L.P. 549300RX5I8Z6I6LDZ74 74965LAB7 123000.00000000 PA USD 116764.98000000 0.317613561103 Long DBT CORP US N 2 2029-09-15 Fixed 4.00000000 N N N N N Carriage Services, Inc. N/A 143905AP2 311000.00000000 PA USD 300688.73000000 0.817906347597 Long DBT CORP US N 2 2029-05-15 Fixed 4.25000000 N N N N N N CenterPoint Energy, Inc. 21TPXMRRHFKOBHDC8J74 15189TBP1 111000.00000000 PA USD 114386.94000000 0.311145031302 Long DBT CORP US N 2 2055-05-15 Variable 6.70000000 N N N N N N FIBERCOP S.p.A. 8156007022402E114A31 683879AD2 259000.00000000 PA USD 246657.20000000 0.670934655783 Long DBT CORP IT N 2 2034-09-30 Fixed 6.00000000 N N N N N N Lumen Technologies, Inc. 8M3THTGWLTYZVE6BBY25 550241AA1 4000.00000000 PA USD 3781.86000000 0.010287074276 Long DBT CORP US N 2 2029-06-15 Fixed 5.37500000 N N N N N N CCO Holdings, LLC/CCO Holdings Capital Corp. N/A 1248EPCN1 89000.00000000 PA USD 79938.22000000 0.217440731994 Long DBT CORP US N 2 2032-05-01 Fixed 4.50000000 N N N N N N Worldline 549300CJMQNCA0U4TS33 N/A 100000.00000000 PA 106124.05000000 0.288669063611 Long DBT CORP FR N 2 2028-09-12 Fixed 4.12500000 N N N N N N EMRLD Borrower L.P. 5493000GJYE7GAQCUC61 26872NAD1 286412.51000000 PA USD 287333.33000000 0.781578193779 Long LON CORP US N 2 2031-08-04 Floating 6.16080000 N N N N N N 2026-01-30 AIM Variable Insurance Funds (Invesco Variable Insurance Funds) Adrien Deberghes Adrien Deberghes Principal Financial Officer and Treasurer