Objective

The Fund seeks to provide total return, through a combination of current income and capital appreciation by investing primarily in below investment‐grade fixed income instruments. The Fund seeks to maintain a weighted average portfolio duration of three years or less and a weighted average maturity of five years or less.

KEY FUND DETAILS
Style High Yield Bond
Market Symbol SDHY
NAV Symbol XSDHX
Exchange NYSE
CUSIP 69355J104
Inception Date 11/25/2020
Distribution Frequency Monthly
Total Expenses (Net Assets) (%) 2.52
Total Expenses (Investable Assets) (%) 2.07
DAILY FUND INFORMATION
AS OF 04/17/2026
Market Price ($) 16.23
Net Asset Value (NAV) ($) 17.51
Premium/Discount (%) -7.31
Market Price Distribution Rate (%) 7.99
NAV Price Distribution Rate (%) 7.4
Distribution (most recent) ($) 0.1080
Net Assets ($) 432,097,214
Investable Assets ($) 432,097,214
Leverage (%) 0.00
Portfolio Characteristics
AS OF 03/31/2026
Name
Weight
Average Maturity (years)
Leverage Adjusted Duration (years) 2.9

Investing in the Fund involves certain risks and the Fund may not be able to achieve its intended results for a variety of reasons, including, among others, the possibility that the Fund may not be able to successfully implement its investment strategy because of market, economic, regulatory, geopolitical and other conditions. The Fund invests in high yield (“junk”) bonds, which are subject to greater credit and market risks, including greater risk of default; derivative securities, which may carry increased risk of principal loss due to imperfect correlation between the values of the derivatives and the underlying securities or unexpected price or interest rate movements and be subject to other risks such as market, credit, counterparty, leverage and liquidity risks; foreign securities, which are subject to currency fluctuation, political uncertainty and different regulatory standards than those of U.S. companies; emerging markets securities, which are subject to greater volatility and price declines; structured products, which are subject to issuer repayment, counterparty risk and are also subject to credit risk in that the assets backing the structured product may be insufficient to pay interest or principal; smaller capitalization companies, which are subject to special risks because those companies may have narrower product lines, more limited financial resources, fewer experienced managers, dependence on a few key employees, and a more limited trading market for their securities, as compared with larger companies; bank loans, which are subject the financial condition of the borrower and the Fund's ability to receive payments of principal and interest and other amounts in connection with loans (whether through participations, assignments or otherwise). Fixed income investments are subject to interest rate risk, where their value will decline as interest rates rise; issuer risk, where the value of fixed income instruments may decline for a number of reasons that directly relate to the issuer; duration risk, which can determine the security's sensitivity to changes in the general level of interest rates; floating-rate and fixed-to-floating rate securities risks; prepayment risk, where the issuer of an instrument may exercise its option to prepay principal earlier than scheduled, forcing the Fund to reinvest the proceeds from such prepayment in lower yielding instruments, which may result in a decline in the Fund's income and distributions to shareholders; extension risk, where an issuer could exercise its right to pay principal on an obligation held by the Fund later than expected; reinvestment risk or the risk that Income from the Fund's portfolio will decline If and when the Fund Invests the proceeds from matured, traded or called fixed Income Instruments at market Interest rates that are below the portfolio's current earnings rate; spread risk; and refinancing risk where one or more issuers of fixed income instruments in the Fund's portfolio may not be able to pay off their debt upon maturity. There are fees and expenses involved with investing in these Funds. Diversification does not assure a profit or protect against a loss in declining markets. There is no guarantee that the Fund’s objective will be achieved or that dividends or distributions will be paid.

Prices

AS OF 04/17/2026
Last Change
Market Price ($) 16.23 N/C  0.00
Net Asset Value ($) 17.51
0.07
Premium/Discount (%) -7.31
-0.37

Change shows the change in $U.S. value over the previous day:Gain= Gain, Loss= Loss,  No Change = No Change.

52 Week High/Low

AS OF 04/17/2026
Market Price Date Price ($)
High 09/10/2025 17.16
Low 04/21/2025 15.51
NAV Price Date Price ($)
High 09/10/2025 17.99
Low 04/21/2025 17.10

Past performance does not guarantee future results and current performance may be lower or higher than the past performance data quoted. The investment return and principal value will fluctuate, and shares, when sold, may be worth more or less than the original cost.

Average Annual Total Returns (%)

as of
TOTAL RETURNS (%)
Cumulative Average Annual
YTD 1-Yr 3-Yr 5-Yr 10-Yr Since Inception

Past performance does not guarantee future results and current performance may be lower or higher than the past performance data quoted. The investment return and principal value will fluctuate, and shares, when sold, may be worth more or less than the original cost.

Annual Fund Expense Ratios

AS OF 01/30/2026
Net Assets (%)
Investable Assets (%)
Management Fees 1.22 1.00
Other Expenses 0.08 0.07
Total Operating Expenses 1.30 1.07
Interest Expense from Leverage 1.22 1.00
Total Expense 2.52 2.07

Subject to change. Expenses based on the most recent publicity available reports. See the Fund's Annual Report for full information on expenses.

Total returns are based on changes in net asset value ("NAV") or market price. NAV total return assumes the reinvestment of all distributions, including returns of capital, if any, at NAV. Market Price total return assumes the reinvestment of all distributions, including returns of capital, if any, in additional shares in accordance with the Fund’s Dividend Reinvestment Plan. All returns 1-year or less are cumulative.

Distribution Rates

AS OF 03/31/2026
Market Price Distribution Rate (%)
NAV Price Distribution Rate (%)
Distribution Frequency
7.99 7.40 Monthly

Distribution History

Past performance does not guarantee future results and current performance may be lower or higher than the past performance data quoted. The investment return and principal value will fluctuate, and shares, when sold, may be worth more or less than the original cost.

Historical Distribution

Record Date Payable Date Distribution
2026 Total 0.3240
03/12/2026 03/31/2026 0.1080
02/12/2026 02/27/2026 0.1080
12/26/2025 01/08/2026 0.1080
2025 Total 1.2960
12/11/2025 12/31/2025 0.1080
11/13/2025 11/28/2025 0.1080
10/16/2025 10/31/2025 0.1080
09/11/2025 09/30/2025 0.1080
08/14/2025 08/29/2025 0.1080
07/10/2025 07/31/2025 0.1080
06/12/2025 06/30/2025 0.1080
05/15/2025 05/30/2025 0.1080
04/10/2025 04/10/2025 0.1080
03/13/2025 03/31/2025 0.1080
02/13/2025 02/28/2025 0.1080
12/26/2024 01/09/2025 0.1080
2024 Total 1.2960
12/12/2024 12/31/2024 0.1080
11/14/2024 11/29/2024 0.1080
10/10/2024 10/31/2024 0.1080
09/12/2024 09/30/2024 0.1080
08/08/2024 08/30/2024 0.1080
07/11/2024 07/31/2024 0.1080
06/13/2024 06/28/2024 0.1080
05/10/2024 05/31/2024 0.1080
04/12/2024 04/30/2024 0.1080
03/15/2024 03/28/2024 0.1080
02/16/2024 02/29/2024 0.1080
12/27/2023 01/05/2024 0.1080
2023 Total 1.2960
12/15/2023 12/29/2023 0.1080
11/09/2023 11/30/2023 0.1080
10/13/2023 10/31/2023 0.1080
09/15/2023 09/29/2023 0.1080
08/11/2023 08/31/2023 0.1080
07/14/2023 07/31/2023 0.1080
06/16/2023 06/30/2023 0.1080
05/12/2023 05/31/2023 0.1080
04/14/2023 04/28/2023 0.1080
03/17/2023 03/31/2023 0.1080
02/10/2023 02/28/2023 0.1080
12/28/2022 01/06/2023 0.1080
2022 Total 1.2960
12/16/2022 12/30/2022 0.1080
11/10/2022 11/30/2022 0.1080
10/14/2022 10/31/2022 0.1080
09/16/2022 09/30/2022 0.1080
08/12/2022 08/31/2022 0.1080
07/15/2022 07/29/2022 0.1080
06/17/2022 06/30/2022 0.1080
05/13/2022 05/31/2022 0.1080
04/14/2022 04/29/2022 0.1080
03/18/2022 03/31/2022 0.1080
02/11/2022 02/28/2022 0.1080
12/28/2021 01/03/2022 0.1080
2021 Total 1.2960
12/17/2021 12/30/2021 0.1080
11/12/2021 11/30/2021 0.1080
10/15/2021 10/29/2021 0.1080
09/17/2021 09/30/2021 0.1080
08/13/2021 08/31/2021 0.1080
07/16/2021 07/30/2021 0.1080
06/11/2021 06/30/2021 0.1080
05/14/2021 05/28/2021 0.1080
04/16/2021 04/30/2021 0.1080
03/12/2021 03/31/2021 0.1080
02/12/2021 02/26/2021 0.1080
01/22/2021 01/29/2021 0.1080
2020 Total

* Indicates a special distribution.

Market Price is the closing price of a closed-end fund as of the latest trading day on the New York Stock Exchange. NAV (Net Asset Value) is total assets less total liabilities divided by the number of shares outstanding. Premium/Discount is the percent difference between the Market price and the NAV. There is no guarantee you will receive the stated Premium/Discount and additional fees may result from individual broker fees and transaction costs in the secondary market. Distribution Rate is calculated by annualizing the amount of the most recent distribution paid, excluding special distributions, divided by the previous trading day’s closing market price or NAV. As of 3/31/2026, the Fund estimates that the most recent distribution will be paid from: 72% investment income; 0% net realized currency gains; 0% net realized capital gains; and 28% return of capital. The Distribution Rate is subject to change and is not a quotation of Fund performance. For more information about a distribution’s composition, refer to the distribution press release or section 19 notices located above. Please consult your tax advisor for further information.

Source: PGIM, Inc. (PGIM). PGIM is a Prudential Financial company.

Portfolio Attributes

AS OF 03/31/2026
Top 10 Corporate Holdings (% of Assets)
Acrisure 1.8%
Vistra 1.7%
Venture Global 1.6%
Tenet Healthcare 1.4%
Allied Universal 1.4%
Hudbay Minerals 1.3%
Onemain 1.3%
Rocket Companies 1.3%
Davita 1.3%
Wynn Resorts 1.3%
Credit Quality (% of Assets)
Rating
% of Assets
AAA 1.5
BBB 12.4
BB 52.1
B 25.0
CCC 5.7
D 0.1
NR 3.5
Cash/Equiv -0.2
LARGEST INDUSTRIES (% OF ASSETS)
Industry
% of Assets
Gaming & Lodging & Leisure 7.8
Technology 7.7
Finance Companies 6.6
Building Materials & Home Construction 6.2
Health Care & Pharmaceutical 6.1
Telecom 5.1
Energy - Upstream 4.9
Retailers & Restaurants 4.6
Electric & Water 4.4
Cable & Satellite 4.4
BOND MATURITIES (% OF ASSETS)
Bond Maturity
% of Assets
0-1 years 8.9
1-3 months 34.7
3-5 years 46.1
5-7 years 9.6
Over 7 years 0.9
Cash/Equiv -0.2
PORTFOLIO CHARACTERISTICS
AS OF 03/31/2026
Characteristic
Years
Average Maturity (years)
Leverage Adjusted Duration (years) 2.9
ASSET INFORMATION
AS OF 04/16/2026
Net Assets ($): 432097213.73
Managed Assets ($): 432097213.73
Leverage %: 0.0

All data is unaudited and subject to change. Holdings/allocations may vary. This is not a recommendation to buy or sell any security listed. Largest holdings exclude cash, cash equivalents, money market funds and enhanced cash strategies. Totals may not sum due to rounding. Negative holdings reflect outstanding trades at period end.

Average Maturity is the average number of years to maturity of the fund’s bonds. Leveraged Adjusted Duration shown is leverage-adjusted. Duration measures investment risk that takes into account both a bond’s interest payments and its value to maturity. Credit Quality is calculated using the highest rating of the three rating agencies (Moody's, S&P, and Fitch). If only two rating agencies are used, the higher ratings are shown. Due to data availability, statistics may not be as of the current reporting period.

Enhanced cash strategies are variations on traditional money market vehicles. They are designed to provide liquidity and principal preservation, but with more of an emphasis on seeking returns that are superior to those of traditional money market offerings.

Source: PGIM, Inc. (PGIM). PGIM is a Prudential Financial company.

Fund holdings

Fund Holdings As Of 03/31/2026

Holdings are unaudited, may vary and are subject to change. Please refer to the Fund's annual report for audited holdings information. This is not a recommendation to buy or sell any security listed.

Value ($): Cash securities are calculated using market value and derivative securities are calculated using notional value.

Source: Bank of New York Mellon. Holdings are provided to Prudential Financial by the custodian bank and Prudential Financial is not responsible for any errors or omissions related to the holdings data.

© 2026, American Bankers Association. CUSIP Database provided by FactSet Research Systems Inc. All rights reserved.

An investment in a closed-end fund’s common stock may be speculative in that it involves a high degree of risk, should not constitute a complete investment program, and may result in loss of principal.  Each closed-end fund will have its own unique investment strategy, risks, charges and expenses that need to be considered before investing.

Shares of each closed end fund are bought and sold through non-affiliated broker-dealers and trade on nationally recognized stock exchanges.

PGIM Fixed Income is a unit of PGIM, Inc., a registered investment advisor. PGIM Limited acts as a subadvisor to all fixed income funds. PGIM Limited is an indirect, wholly owned subsidiary of PGIM, Inc. (PGIM), the principal asset management business of Prudential Financial, Inc. (PFI), a company incorporated and with its principal place of business in the United States. All are Prudential Financial affiliates. PGIM is the principal asset management business of Prudential Financial, Inc. (PFI), and a trading name of PGIM, Inc. and its global subsidiaries and affiliates. 

This material is being provided for informational or educational purposes only and does not take into account the investment objectives or financial situation of any client or prospective clients. The information is not intended as investment advice and is not a recommendation. Clients seeking information regarding their particular investment needs should contact their financial professional.

Investment Products are not insured by the FDIC or any federal government agency, are not a deposit of or guaranteed by any bank or any bank affiliate, and may lose value.

Prudential Financial, Inc. of the United States is not affiliated in any manner with Prudential plc, incorporated in the United Kingdom or with Prudential Assurance Company, a subsidiary of M&G plc, incorporated in the United Kingdom.

5044609 Ed. 12/2025

Security ID# (CUSIP/SEDOL)
Security Description
Ticker Symbol
Coupon Rate
Maturity Date
Shares Notional
Value ($)
% of Portfolio
69344A834 PGIM Aaa Clo Etf PAAA 125,000 6,397,500.00 1.50
74440W862 (pipa070) Pgim Core Government Money Mar 3.72 12/01/2099 5,130,288 5,130,287.00 1.20
443628AJ1 Hudbay Minerals Inc HBMCN 4.50 04/01/2026 4,895,000 4,888,147.00 1.15
BL5159126 Radiate Holdco Llc RADIAT 8.79 09/25/2029 5,370,261 4,763,850.00 1.12
BL5117652 Acrisure Llc ACRISU 6.92 06/21/2032 4,384,694 4,242,191.00 1.00
23918KAS7 Davita Inc DVA 4.63 06/01/2030 4,375,000 4,206,413.00 0.99
92840VAF9 Vistra Operations Co Llc VST 5.00 07/31/2027 3,975,000 3,965,175.00 0.93
88033GDR8 Tenet Healthcare Corp THC 4.38 01/15/2030 3,900,000 3,775,871.00 0.89
12769GAA8 Caesars Entertainment Inc CZR 4.63 10/15/2029 3,575,000 3,440,329.00 0.81
552953CD1 MGM Resorts International MGM 4.63 09/01/2026 3,360,000 3,353,859.00 0.79
146869AN2 Carvana Co CVNA 9.00 06/01/2030 3,011,000 3,135,101.00 0.74
25470XAY1 DISH Dbs Corp DISH 7.75 07/01/2026 3,145,000 3,136,412.00 0.74
BL4789857 Trident Tpi Holdings Inc TEKNI 7.42 09/15/2028 3,265,733 3,087,652.00 0.72
BL4883627 Mcafee Corp MCFE 6.67 03/01/2029 3,101,047 2,759,931.00 0.65
92840VAH5 Vistra Operations Co Llc VST 4.38 05/01/2029 2,825,000 2,758,468.00 0.65
B8AC2XVL0 Heritage Pwr Llc 38,525 2,749,721.00 0.65
92332YAC5 Venture Global Lng Inc VENLNG 9.50 02/01/2029 2,470,000 2,671,759.00 0.63
07556QBR5 Beazer Homes Usa Inc BZH 5.88 10/15/2027 2,625,000 2,613,136.00 0.61
449691AC8 Iliad Holding Sas ILIADH 7.00 10/15/2028 2,575,000 2,582,242.00 0.61
78488XAA2 SV Rno Property Owner 1 Llc TRACTC 5.88 03/01/2031 2,525,000 2,502,199.00 0.59
21873SAB4 Coreweave Inc CRWV 9.25 06/01/2030 2,560,000 2,489,810.00 0.58
98313RAD8 WYNN Macau Ltd WYNMAC 5.50 10/01/2027 2,425,000 2,399,804.00 0.56
880349AU9 Tenneco Inc TENINC 8.00 11/17/2028 2,350,000 2,346,443.00 0.55
68245XAM1 1011778 Bc Ulc / New Red Finance Inc BCULC 4.00 10/15/2030 2,400,000 2,250,888.00 0.53
629377CH3 NRG Energy Inc NRG 5.25 06/15/2029 2,275,000 2,254,996.00 0.53
205768AT1 Comstock Resources Inc CRK 5.88 01/15/2030 2,282,000 2,202,820.00 0.52
00653VAA9 Adapthealth Llc ADAHEA 6.13 08/01/2028 2,200,000 2,196,574.00 0.52
78410GAD6 SBA Communications Corp SBAC 3.88 02/15/2027 2,225,000 2,202,651.00 0.52
146869AM4 Carvana Co CVNA 9.00 06/01/2031 1,914,600 2,070,971.00 0.49
35906ABG2 Frontier Communications Holdings Llc FYBR 6.75 05/01/2029 2,100,000 2,105,469.00 0.49
78466CAC0 SS&C Technologies Inc SSNC 5.50 09/30/2027 2,025,000 2,026,957.00 0.48
86765KAH2 Sunoco Lp SUN 5.88 07/15/2027 2,024,000 2,024,304.00 0.48
92874BAA3 Voltagrid Llc VOLTAG 7.38 11/01/2030 1,990,000 2,053,418.00 0.48
88033GDM9 Tenet Healthcare Corp THC 4.25 06/01/2029 2,050,000 1,991,783.00 0.47
70932MAB3 Pennymac Financial Services Inc PFSI 4.25 02/15/2029 2,100,000 1,991,633.00 0.47
143658CB6 Carnival Corp CCL 5.13 05/01/2029 2,015,000 1,992,612.00 0.47
1248EPBX0 CCO Holdings Llc / Cco Holdings Capital CHTR 5.00 02/01/2028 2,035,000 2,016,262.00 0.47
BL4645844 Doncasters Finance Us Llc DONCAS 10.17 04/23/2030 1,965,000 1,969,912.00 0.46
89616RAC3 Trident Tpi Holdings Inc TEKNI 12.75 12/31/2028 1,990,000 1,936,300.00 0.45
87265HAF6 TRI Pointe Homes Inc TPH 5.25 06/01/2027 1,900,000 1,896,174.00 0.45
00081TAK4 ACCO Brands Corp ACCO 4.25 03/15/2029 2,170,000 1,938,140.00 0.45
35906ABF4 Frontier Communications Holdings Llc FYBR 5.00 05/01/2028 1,925,000 1,925,250.00 0.45
BL4756492 Asurion Llc ASUCOR 7.92 09/19/2030 1,892,498 1,870,866.00 0.44
BL5176344 Digicel Intl Finance Ltd DLLTD 8.92 07/30/2032 1,845,375 1,841,149.00 0.43
91282CLY5 United States Treasury Note/bond T 4.25 11/30/2026 1,840,000 1,845,965.00 0.43
651229BF2 Newell Brands Inc NWL 6.38 05/15/2030 1,900,000 1,829,631.00 0.43
91282CQB0 United States Treasury Note/bond T 3.38 02/29/2028 1,800,000 1,786,007.00 0.42
303250AF1 FAIR Isaac Corp FAIRIC 4.00 06/15/2028 1,860,000 1,805,667.00 0.42
12769GAB6 Caesars Entertainment Inc CZR 7.00 02/15/2030 1,750,000 1,772,826.00 0.42
019576AD9 Allied Universal Holdco Llc UNSEAM 7.88 02/15/2031 1,675,000 1,727,595.00 0.41
BL4871903 Acrisure Llc ACRISU 6.67 11/06/2030 1,806,425 1,747,264.00 0.41
69331CAH1 PG&E Corp PCG 5.00 07/01/2028 1,750,000 1,734,853.00 0.41
74165HAC2 Prime Healthcare Services Inc PRIHEA 9.38 09/01/2029 1,640,000 1,699,962.00 0.40
910047AM1 United Airlines Holdings Inc UAL 4.88 03/01/2029 1,745,000 1,712,183.00 0.40
019579AA9 Allied Universal Holdco Llc/allied Unive UNSEAM 4.63 06/01/2028 1,750,000 1,706,250.00 0.40
63938CAL2 Navient Corp NAVI 4.88 03/15/2028 1,775,000 1,675,187.00 0.39
85571BAY1 Starwood Property Trust Inc STWD 4.38 01/15/2027 1,650,000 1,641,936.00 0.39
682691AJ9 Onemain Finance Corp OMF 6.75 03/15/2032 1,675,000 1,626,849.00 0.38
22303XAA3 Reworld Holding Corp CVA 4.88 12/01/2029 1,725,000 1,619,606.00 0.38
85172FAR0 Onemain Finance Corp OMF 5.38 11/15/2029 1,573,000 1,518,208.00 0.36
982911AA7 WULF Compute Llc WULF 7.75 10/15/2030 1,440,000 1,521,678.00 0.36
BL5557741 Arclin Inc NEWARC 4.50 03/04/2033 1,675,000 1,530,531.00 0.36
BL4808012 TPC Group Inc TPCG 9.39 11/24/2031 1,658,250 1,514,811.00 0.36
670001AE6 Novelis Corp HNDLIN 4.75 01/30/2030 1,555,000 1,472,787.00 0.35
57763RAE7 Mauser Packaging Solutions Holding Co BWY 7.88 04/15/2030 1,480,000 1,479,451.00 0.35
59833DAB6 Midwest Gaming Borrower Llc / Midwest Ga MWGAME 4.88 05/01/2029 1,475,000 1,431,290.00 0.34
74841CAA9 Rocket Mortgage Llc / Rocket Mortgage Co RKT 3.63 03/01/2029 1,525,000 1,444,989.00 0.34
914906AY8 Univision Communications Inc UVN 8.00 08/15/2028 1,405,000 1,428,122.00 0.34
364760AP3 GAP Inc/the GAP 3.63 10/01/2029 1,525,000 1,425,270.00 0.33
09216NAA8 Black Pearl Compute Llc BLKPRL 6.13 02/15/2031 1,390,000 1,415,447.00 0.33
35640YAJ6 Freedom Mortgage Corp FREMOR 6.63 01/15/2027 1,350,000 1,347,174.00 0.32
552953CK5 MGM Resorts International MGM 6.13 09/15/2029 1,350,000 1,363,507.00 0.32
629377CE0 NRG Energy Inc NRG 5.75 01/15/2028 1,357,000 1,360,492.00 0.32
445587AE8 HUNT Cos Inc HUNTCO 5.25 04/15/2029 1,425,000 1,342,031.00 0.32
74841CAB7 Rocket Mortgage Llc / Rocket Mortgage Co RKT 3.88 03/01/2031 1,475,000 1,360,973.00 0.32
640695AA0 Neptune Bidco Us Inc NLSN 9.29 04/15/2029 1,350,000 1,354,991.00 0.32
654922AB9 Nissan Motor Co Ltd NSANY 7.50 07/17/2030 1,370,000 1,380,960.00 0.32
893830BY4 Transocean International Ltd RIG 8.25 05/15/2029 1,335,000 1,376,505.00 0.32
681639AA8 Olympus Water Us Holding Corp SOLEIN 4.25 10/01/2028 1,400,000 1,341,159.00 0.31
77311WAA9 Rocket Cos Inc RKT 6.13 08/01/2030 1,320,000 1,332,952.00 0.31
36170JAA4 GGAM Finance Ltd GGAMFI 8.00 06/15/2028 1,275,000 1,321,958.00 0.31
103304BV2 BOYD Gaming Corp BYD 4.75 06/15/2031 1,379,000 1,315,658.00 0.31
11283YAB6 Brookfield Residential Properties Inc / BRPCN 6.25 09/15/2027 1,272,000 1,268,540.00 0.30
707569AS8 PENN Entertainment Inc PENN 5.63 01/15/2027 1,300,000 1,297,655.00 0.30
922966AE6 Venture Global Plaquemines Lng Llc VEGLPL 6.13 12/15/2030 1,262,000 1,298,191.00 0.30
92840JAD1 Vistajet Malta Finance Plc / Vista Manag VSTJET 7.88 05/01/2027 1,295,000 1,267,609.00 0.30
963320BD7 Whirlpool Corp WHR 6.13 06/15/2030 1,245,000 1,215,068.00 0.29
98379KAA0 XPO Inc XPO 6.25 06/01/2028 1,225,000 1,240,072.00 0.29
91327BAB6 Uniti Group Lp / Uniti Group Finance 201 UNIT 4.75 04/15/2028 1,260,000 1,253,462.00 0.29
77313LAA1 Rocket Mortgage Llc / Rocket Mortgage Co RKT 2.88 10/15/2026 1,262,000 1,247,144.00 0.29
7846ELAD9 SNF Group Saca SNFF 3.13 03/15/2027 1,225,000 1,224,877.00 0.29
126307AQ0 CSC Holdings Llc CSCHLD 5.50 04/15/2027 1,400,000 1,214,943.00 0.29
23918KAT5 Davita Inc DVA 3.75 02/15/2031 1,325,000 1,215,536.00 0.29
184496AQ0 Clean Harbors Inc CLH 6.38 02/01/2031 1,225,000 1,243,875.00 0.29
045086AM7 Ashton Woods Usa Llc / Ashton Woods Fina ASHWOO 4.63 08/01/2029 1,300,000 1,229,600.00 0.29
00489LAK9 Acrisure Llc / Acrisure Finance Inc ACRISU 8.25 02/01/2029 1,255,000 1,241,664.00 0.29
53219LAV1 Lifepoint Health Inc RGCARE 9.88 08/15/2030 1,175,000 1,244,593.00 0.29
08949LAB6 BIG River Steel Llc / Brs Finance Corp BIGBRS 6.63 01/31/2029 1,214,000 1,211,266.00 0.28
233104AA6 DCLI Bidco Llc DIRCHA 7.75 11/15/2029 1,165,000 1,177,112.00 0.28
12543DBM1 Chs/community Health Systems Inc CYH 5.25 05/15/2030 1,275,000 1,201,366.00 0.28
853496AG2 Standard Industries Inc/ny BMCAUS 4.38 07/15/2030 1,250,000 1,180,185.00 0.28
682691AC4 Onemain Finance Corp OMF 3.88 09/15/2028 1,275,000 1,212,169.00 0.28
65505PAA5 Noble Finance Ii Llc NEFINA 8.00 04/15/2030 1,155,000 1,192,018.00 0.28
92921EAA0 Voyager Parent Llc EVRI 9.25 07/01/2032 1,150,000 1,197,410.00 0.28
654744AC5 Nissan Motor Co Ltd NSANY 4.35 09/17/2027 1,170,000 1,138,410.00 0.27
853496AD9 Standard Industries Inc/ny BMCAUS 4.75 01/15/2028 1,175,000 1,163,038.00 0.27
15089QAK0 Celanese Us Holdings Llc CE 1.40 08/05/2026 1,150,000 1,133,767.00 0.27
17888HAA1 SM Energy Co SM 8.38 07/01/2028 1,105,000 1,135,591.00 0.27
031921AC3 Amwins Group Inc AMWINS 6.38 02/15/2029 1,160,000 1,169,284.00 0.27
63938CAK4 Navient Corp NAVI 5.00 03/15/2027 1,175,000 1,147,299.00 0.27
36170JAC0 GGAM Finance Ltd GGAMFI 8.00 02/15/2027 1,128,000 1,137,125.00 0.27
38016LAA3 GO Daddy Operating Co Llc / Gd Finance C GDDY 5.25 12/01/2027 1,100,000 1,096,126.00 0.26
42704LAF1 HERC Holdings Inc HRI 7.00 06/15/2030 1,060,000 1,087,778.00 0.26
29163VAG8 Empire Communities Corp EMPRCC 9.75 05/01/2029 1,100,000 1,102,750.00 0.26
18972EAB1 Clydesdale Acquisition Holdings Inc NOVHOL 8.75 04/15/2030 1,190,000 1,113,157.00 0.26
95081QAP9 Wesco Distribution Inc WCC 7.25 06/15/2028 1,100,000 1,106,247.00 0.26
92841HAA0 Vistajet Malta Finance Plc / Vista Manag VSTJET 9.50 06/01/2028 1,115,000 1,088,518.00 0.26
978097AG8 Wolverine World Wide Inc WWW 4.00 08/15/2029 1,175,000 1,087,780.00 0.26
BL4680841 Clarios Global Lp POWSOL 6.17 05/06/2030 1,111,402 1,106,889.00 0.26
B8AC6L2G5 Hurricane Cleanco Limited 6.25 10/31/2029 795,005 1,088,572.00 0.26
BL4979144 Mavis Tire Express Servi EOCGRO 6.67 05/04/2028 1,123,296 1,121,475.00 0.26
896215AH3 Trimas Corp TRS 4.13 04/15/2029 1,125,000 1,070,865.00 0.25
88642RAE9 Tidewater Inc TDW 9.13 07/15/2030 985,000 1,051,551.00 0.25
66977WAV1 NOVA Chemicals Corp NCX 7.00 12/01/2031 990,000 1,045,687.00 0.25
70052LAD5 PARK Intermediate Holdings Llc / Pk Dome PK 7.00 02/01/2030 1,060,000 1,072,750.00 0.25
053773BE6 AVIS Budget Car Rental Llc / Avis Budget CAR 5.75 07/15/2027 1,082,000 1,079,858.00 0.25
603051AE3 Mineral Resources Ltd MINAU 9.25 10/01/2028 1,040,000 1,076,712.00 0.25
62886EAY4 NCR Voyix Corp VYX 5.00 10/01/2028 1,100,000 1,059,861.00 0.25
733174AL0 Popular Inc BPOP 7.25 03/13/2028 1,000,000 1,030,010.00 0.24
893647BU0 Transdigm Inc TDG 6.38 03/01/2029 1,005,000 1,025,430.00 0.24
86765KAA7 Sunoco Lp / Sunoco Finance Corp SUN 7.00 09/15/2028 970,000 989,646.00 0.23
82088KAK4 SHEA Homes Lp / Shea Homes Funding Corp SHEAHM 4.75 02/15/2028 1,000,000 983,924.00 0.23
83613HAL1 Sound Point Clo Xxi Ltd SNDPT 4.97 10/26/2031 964,279 964,832.00 0.23
69354NAE6 PRA Group Inc PRAA 8.38 02/01/2028 975,000 982,914.00 0.23
92769XAP0 Virgin Media Secured Finance Plc VMED 5.50 05/15/2029 1,025,000 981,437.00 0.23
983130AX3 WYNN Las Vegas Llc / Wynn Las Vegas Capi WYNNLV 5.25 05/15/2027 1,000,000 997,077.00 0.23
G2770C100 Digicel Intl Fin Ltd Common Equity 51,487 995,423.00 0.23
62957HAP0 Nabors Industries Inc NBR 9.13 01/31/2030 950,000 997,083.00 0.23
629377CQ3 NRG Energy Inc NRG 3.38 02/15/2029 1,050,000 997,880.00 0.23
29365BAA1 Entegris Inc ENTG 4.75 04/15/2029 1,000,000 989,061.00 0.23
36168QAL8 GFL Environmental Inc GFLCN 4.00 08/01/2028 1,025,000 995,879.00 0.23
041242AA6 ARKO Corp ARKO 5.13 11/15/2029 1,100,000 972,928.00 0.23
031921AB5 Amwins Group Inc AMWINS 4.88 06/30/2029 1,025,000 983,844.00 0.23
SWZ9796YTF ICE: (cdx.na.hy.45.v1) 5.00 12/20/2030 17,904,150 972,700.00 0.23
04364VAK9 Ascent Resources Utica Holdings Llc / Ar ASCRES 9.00 11/01/2027 800,000 933,415.00 0.22
049362AA4 Allied Universal Holdco Llc/allied Unive UNSEAM 4.63 06/01/2028 950,000 928,150.00 0.22
185899AQ4 Cleveland-cliffs Inc CLF 6.88 11/01/2029 950,000 950,002.00 0.22
18064PAC3 Clarivate Science Holdings Corp CLVTSC 3.88 07/01/2028 1,000,000 944,085.00 0.22
42704LAH7 HERC Holdings Inc HRI 5.75 03/15/2031 950,000 936,217.00 0.22
431318AS3 Hilcorp Energy I Lp / Hilcorp Finance Co HILCRP 6.25 11/01/2028 925,000 926,132.00 0.22
34966MAA0 Fortress Intermediate 3 Inc PSDO 7.50 06/01/2031 930,000 926,196.00 0.22
57779EAA6 Maxim Crane Works Holdings Capital Llc CLDCRN 11.50 09/01/2028 900,000 936,762.00 0.22
50050NAA1 Kontoor Brands Inc KTB 4.13 11/15/2029 1,000,000 947,074.00 0.22
BL4846426 Cimpress Plc CMPR 6.17 05/17/2028 953,123 950,740.00 0.22
92339LAA0 Veritiv Operating Co VRTV 10.50 11/30/2030 915,000 950,131.00 0.22
911363AM1 United Rentals North America Inc URI 3.88 02/15/2031 975,000 916,963.00 0.22
668771AK4 GEN Digital Inc GEN 6.75 09/30/2027 950,000 954,384.00 0.22
854938AA5 STAR Leasing Co Llc TRAILR 7.63 02/15/2030 1,000,000 930,263.00 0.22
82088KAJ7 SHEA Homes Lp / Shea Homes Funding Corp SHEAHM 4.75 04/01/2029 975,000 942,665.00 0.22
880779BA0 Terex Corp TEX 5.00 05/15/2029 950,000 937,176.00 0.22
87724RAB8 Taylor Morrison Communities Inc TMHC 5.75 01/15/2028 875,000 876,472.00 0.21
65346UAB5 Nexstar Media Inc NXST 6.50 09/15/2033 900,000 906,962.00 0.21
92332YAF8 Venture Global Lng Inc VENLNG 9.00 03/30/2173 880,000 876,011.00 0.21
91838PAA9 VT Topco Inc VERCOR 8.50 08/15/2030 875,000 888,981.00 0.21
98313RAH9 WYNN Macau Ltd WYNMAC 5.63 08/26/2028 925,000 909,240.00 0.21
50190EAA2 LCM Investments Holdings Ii Llc MAGLLC 4.88 05/01/2029 925,000 901,344.00 0.21
35641AAA6 Freedom Mortgage Holdings Llc FREMOR 9.25 02/01/2029 880,000 892,316.00 0.21
29272WAD1 Energizer Holdings Inc ENR 4.38 03/31/2029 950,000 905,223.00 0.21
431318AU8 Hilcorp Energy I Lp / Hilcorp Finance Co HILCRP 5.75 02/01/2029 925,000 911,144.00 0.21
36168QAP9 GFL Environmental Inc GFLCN 4.38 08/15/2029 860,000 833,692.00 0.20
292554AQ5 Encore Capital Group Inc ECPG 9.25 04/01/2029 819,000 859,778.00 0.20
335934AU9 First Quantum Minerals Ltd FMCN 8.63 06/01/2031 825,000 850,781.00 0.20
62886EBA5 NCR Voyix Corp VYX 5.13 04/15/2029 900,000 862,372.00 0.20
17253NAA5 Cipher Compute Llc CIFR 7.13 11/15/2030 805,000 834,265.00 0.20
143658CA8 Carnival Corp CCL 5.75 08/01/2032 855,000 855,000.00 0.20
00175PAD5 AMN Healthcare Inc AMN 6.50 01/15/2031 880,000 862,378.00 0.20
00653VAE1 Adapthealth Llc ADAHEA 5.13 03/01/2030 900,000 862,859.00 0.20
BL4949832 Clarios Global Lp POWSOL 6.42 01/28/2032 871,124 868,074.00 0.20
68245XAH2 1011778 Bc Ulc / New Red Finance Inc BCULC 3.88 01/15/2028 875,000 855,312.00 0.20
69356MAA4 PM General Purchaser Llc AMGENE 9.50 10/01/2028 915,000 866,652.00 0.20
861036AB7 STL Holding Co Llc DSLDHM 8.75 02/15/2029 837,000 863,491.00 0.20
77340RAT4 Rockies Express Pipeline Llc ROCKIE 4.80 05/15/2030 850,000 814,697.00 0.19
64828TAC6 Rithm Capital Corp RITM 8.00 07/15/2030 820,000 792,698.00 0.19
BL5184058 Allied Universal Holdco UNSEAM 6.92 08/20/2032 825,698 825,243.00 0.19
BL4993855 MPH Acquisition Holdings MLTPLN 7.42 12/31/2030 811,042 807,594.00 0.19
91832VAA2 VOC Escrow Ltd VIKCRU 5.00 02/15/2028 800,000 795,680.00 0.19
91327BAA8 Uniti Group Lp / Uniti Group Finance 201 UNIT 6.50 02/15/2029 825,000 801,904.00 0.19
00810GAD6 Aethon United Br Lp / Aethon United Fina AETUNI 7.50 10/01/2029 770,000 804,151.00 0.19
03690AAH9 Antero Midstream Partners Lp / Antero Mi AM 5.38 06/15/2029 825,000 822,372.00 0.19
019576AF4 Allied Universal Holdco Llc / Allied Uni UNSEAM 6.88 06/15/2030 780,000 791,992.00 0.19
097793AE3 SM Energy Co SM 5.00 10/15/2026 800,000 798,814.00 0.19
57701RAM4 Mattamy Group Corp MATHOM 4.63 03/01/2030 875,000 830,156.00 0.19
63938CAJ7 Navient Corp NAVI 6.75 06/15/2026 800,000 801,777.00 0.19
53219LAU3 Lifepoint Health Inc RGCARE 5.38 01/15/2029 850,000 818,578.00 0.19
601137AA0 Millrose Properties Inc MRP 6.38 08/01/2030 750,000 751,250.00 0.18
527298BS1 Level 3 Financing Inc LVLT 3.63 01/15/2029 800,000 752,259.00 0.18
536797AG8 Lithia Motors Inc LAD 3.88 06/01/2029 825,000 786,098.00 0.18
48666KAY5 KB Home KBH 4.80 11/15/2029 800,000 779,147.00 0.18
346232AE1 Forestar Group Inc FOR 5.00 03/01/2028 775,000 766,094.00 0.18
35908MAB6 Frontier Communications Holdings Llc FYBR 6.00 01/15/2030 775,000 779,804.00 0.18
1248EPCS0 CCO Holdings Llc / Cco Holdings Capital CHTR 6.38 09/01/2029 750,000 752,987.00 0.18
11135RAA3 Broadstreet Partners Group Llc BROPAR 5.88 04/15/2029 775,000 755,183.00 0.18
22788CAA3 Crowdstrike Holdings Inc CRWD 3.00 02/15/2029 800,000 761,215.00 0.18
25260WAD3 Diamond Foreign Asset Co / Diamond Finan DO 8.50 10/01/2030 710,000 749,298.00 0.18
92328MAE3 Venture Global Calcasieu Pass Llc VENTGL 6.25 01/15/2030 770,000 787,497.00 0.18
97381AAA0 Windstream Services Llc / Windstream Esc WIN 8.25 10/01/2031 740,000 775,103.00 0.18
BL5258944 Numericable Us Llc SFRFP 10.55 05/31/2031 754,146 754,620.00 0.18
68288AAA5 1261229 Bc Ltd BHCCN 10.00 04/15/2032 746,000 764,650.00 0.18
78410GAG9 SBA Communications Corp SBAC 3.13 02/01/2029 800,000 758,159.00 0.18
893830BX6 Transocean International Ltd RIG 8.75 02/15/2030 738,500 767,183.00 0.18
893830BZ1 Transocean International Ltd RIG 8.50 05/15/2031 710,000 742,723.00 0.17
857691AG4 Station Casinos Llc RRR 4.50 02/15/2028 750,000 736,269.00 0.17
876511AG1 Taseko Mines Ltd TKOCN 8.25 05/01/2030 675,000 704,241.00 0.17
85571BBB0 Starwood Property Trust Inc STWD 7.25 04/01/2029 700,000 721,260.00 0.17
852234AT0 Block Inc XYZ 5.63 08/15/2030 715,000 711,140.00 0.17
64083YAA9 Nesco Holdings Ii Inc NSCO 5.50 04/15/2029 750,000 733,934.00 0.17
BL4417558 CLUE Opco Llc FWRD 8.17 12/19/2030 737,000 714,890.00 0.17
92564RAH8 VICI Properties Lp / Vici Note Co Inc VICI 4.50 09/01/2026 726,000 725,051.00 0.17
911365BM5 United Rentals North America Inc URI 3.88 11/15/2027 750,000 739,992.00 0.17
90932LAH0 United Airlines Inc UAL 4.63 04/15/2029 725,000 710,718.00 0.17
205768AS3 Comstock Resources Inc CRK 6.75 03/01/2029 750,000 739,881.00 0.17
105340AQ6 Brandywine Operating Partnership Lp BDN 3.95 11/15/2027 775,000 743,419.00 0.17
045941AA9 Asurion Llc/ Asurion Co-issuer Inc ASUCOR 8.00 12/31/2032 715,000 742,304.00 0.17
05508WAC9 B&G Foods Inc BGS 8.00 09/15/2028 745,000 733,785.00 0.17
03772CAA1 APLD Computeco 2 Llc PFORGE 6.75 03/15/2031 720,000 715,916.00 0.17
039959AA9 Ardagh Group Sa ARGID 9.50 10/06/2030 687,194 719,663.00 0.17
01309QAE8 Albertsons Cos Inc ACI 5.63 03/31/2032 745,000 733,073.00 0.17
55760LAB3 Madison Iaq Llc MADIAQ 5.88 06/30/2029 730,000 717,143.00 0.17
55342UAH7 MPT Operating Partnership Lp / Mpt Finan MPW 5.00 10/15/2027 800,000 745,416.00 0.17
638962AA8 NCR Atleos Corp NCRATL 9.50 04/01/2029 675,000 722,496.00 0.17
62886HBP5 NCL Corp Ltd NCLH 6.25 03/01/2030 673,000 663,948.00 0.16
55609NAC2 Macquarie Airfinance Holdings Ltd MCAIRH 6.40 03/26/2029 645,000 668,562.00 0.16
42704LAE4 HERC Holdings Inc HRI 6.63 06/15/2029 655,000 666,059.00 0.16
35641AAE8 Freedom Mortgage Holdings Llc FREMOR 6.88 05/01/2031 715,000 668,427.00 0.16
030981AP9 Amerigas Partners Lp / Amerigas Finance APU 9.50 06/01/2030 630,000 667,625.00 0.16
05508WAB1 B&G Foods Inc BGS 5.25 09/15/2027 700,000 675,020.00 0.16
20753PAD3 Connect Holding Ii Llc BSPEED 10.50 04/03/2031 675,000 672,363.00 0.16
1248EPCB7 CCO Holdings Llc / Cco Holdings Capital CHTR 5.38 06/01/2029 675,000 665,889.00 0.16
983133AA7 WYNN Resorts Finance Llc / Wynn Resorts WYNFIN 5.13 10/01/2029 700,000 691,357.00 0.16
BL5250164 ZAYO Group Holdings Inc ZAYO 7.29 03/11/2030 707,787 693,872.00 0.16
65480CAK1 Nissan Motor Acceptance Co Llc NSANY 5.63 09/29/2028 700,000 685,882.00 0.16
70082LAC1 PARK River Holdings Inc PRIMBP 8.00 03/15/2031 675,000 672,077.00 0.16
74843PAA8 Quikrete Holdings Inc QUIKHO 6.38 03/01/2032 650,000 660,672.00 0.16
78454LAP5 SM Energy Co SM 6.63 01/15/2027 700,000 700,032.00 0.16
81725WAK9 Sensata Technologies Bv ST 4.00 04/15/2029 700,000 674,982.00 0.16
86765KAJ8 Sunoco Lp SUN 4.50 10/01/2029 721,000 699,262.00 0.16
88830MAM4 Titan International Inc TWI 7.00 04/30/2028 625,000 623,452.00 0.15
85571BBD6 Starwood Property Trust Inc STWD 6.50 07/01/2030 625,000 634,605.00 0.15
71880KAA9 Phinia Inc PHIN 6.75 04/15/2029 635,000 648,175.00 0.15
68245XAJ8 1011778 Bc Ulc / New Red Finance Inc BCULC 4.38 01/15/2028 642,000 633,172.00 0.15
BL5224490 Level 3 Financing Inc LVLT 6.92 03/29/2032 645,000 644,329.00 0.15
BL5229192 NCR Atleos Corp NCRATL 6.69 04/16/2029 630,323 627,959.00 0.15
BL4799294 Xplore Inc/nb BARXPL 6.00 10/24/2031 1,018,322 642,815.00 0.15
BL4045797 Tenneco Inc TENINC 8.76 11/17/2028 650,000 632,599.00 0.15
92676XAF4 Viking Cruises Ltd VIKCRU 7.00 02/15/2029 650,000 650,000.00 0.15
92332YAD3 Venture Global Lng Inc VENLNG 9.88 02/01/2032 590,000 633,767.00 0.15
109641AK6 Brinker International Inc EAT 8.25 07/15/2030 625,000 655,498.00 0.15
058498AZ9 BALL Corp BALL 6.00 06/15/2029 620,000 630,066.00 0.15
33853QAA9 Flash Compute Llc FLASHC 7.25 12/31/2030 630,000 635,463.00 0.15
29272WAC3 Energizer Holdings Inc ENR 4.75 06/15/2028 650,000 639,991.00 0.15
398433AP7 Griffon Corp GFF 5.75 03/01/2028 650,000 646,578.00 0.15
380355AJ6 Goeasy Ltd GSYCN 7.63 07/01/2029 725,000 637,238.00 0.15
55760LAA5 Madison Iaq Llc MADIAQ 4.13 06/30/2028 590,000 576,255.00 0.14
603051AC7 Mineral Resources Ltd MINAU 8.00 11/01/2027 600,000 607,626.00 0.14
053773BC0 AVIS Budget Car Rental Llc / Avis Budget CAR 5.75 07/15/2027 583,000 582,355.00 0.14
03969UAA4 Ardagh Group Sa ARGID 12.00 01/12/2030 700,000 588,245.00 0.14
00253XAB7 American Airlines Inc/aadvantage Loyalty AAL 5.75 04/20/2029 600,000 595,056.00 0.14
030981AL8 Amerigas Partners Lp / Amerigas Finance APU 5.75 05/20/2027 615,000 617,512.00 0.14
896522AJ8 Trinity Industries Inc TRN 7.75 07/15/2028 600,000 614,337.00 0.14
BL3856764 Viasat Inc VSAT 8.29 03/02/2029 616,487 617,603.00 0.14
66977WAS8 NOVA Chemicals Corp NCX 4.25 05/15/2029 630,000 612,183.00 0.14
740212AM7 Precision Drilling Corp PDCN 6.88 01/15/2029 595,000 599,123.00 0.14
82967NBA5 Sirius Xm Radio Llc SIRI 5.00 08/01/2027 564,000 563,100.00 0.13
80349BCD7 Saratoga Investment Corp Clo 2013-1 Ltd SARAT 4.97 04/20/2033 548,352 548,555.00 0.13
80874DAA4 Scientific Games Holdings Lp/scientific SCGALO 6.63 03/01/2030 650,000 561,871.00 0.13
21979LAB2 Coronado Finance Pty Ltd CRNAU 9.25 10/01/2029 595,000 534,185.00 0.13
553283AG7 MPH Acquisition Holdings Llc MLTPLN 5.75 12/31/2030 728,229 565,983.00 0.13
38016LAC9 GO Daddy Operating Co Llc / Gd Finance C GDDY 3.50 03/01/2029 600,000 558,682.00 0.13
33834YAC2 FIVE Point Operating Co Lp FPH 8.00 10/01/2030 540,000 539,062.00 0.13
35640YAL1 Freedom Mortgage Corp FREMOR 12.25 10/01/2030 500,000 539,651.00 0.13
29977LAA9 SK Invictus Intermediate Ii Sarl PRM 5.00 10/30/2029 525,000 511,192.00 0.12
39807UAD8 Greystar Real Estate Partners Llc GRSTAR 7.75 09/01/2030 475,000 495,598.00 0.12
469815AL8 Jacobs Entertainment Inc JACENT 6.75 02/15/2029 550,000 520,672.00 0.12
185899AN1 Cleveland-cliffs Inc CLF 6.75 04/15/2030 505,000 492,523.00 0.12
12543DBH2 Chs/community Health Systems Inc CYH 6.00 01/15/2029 525,000 519,779.00 0.12
18060TAE5 Clarios Global Lp / Clarios Us Finance C POWSOL 6.75 09/15/2032 495,000 498,702.00 0.12
17888HAC7 SM Energy Co SM 8.63 11/01/2030 500,000 526,660.00 0.12
86765KAB5 Sunoco Lp SUN 7.00 05/01/2029 480,000 492,382.00 0.12
67124CAA1 Oak-eagle Acquireco Inc EA 7.25 07/01/2033 505,000 523,012.00 0.12
BL3580315 Cornerstone Building Brands Inc CNR 7.02 04/12/2028 900,000 507,213.00 0.12
CURRENCY Currency 489,444 496,550.00 0.12
BL3925031 IRIS Holding Inc ITPCN 8.52 06/28/2028 488,831 456,792.00 0.11
BL3169069 CSC Holdings Llc CSCHLD 8.25 04/15/2027 518,621 455,898.00 0.11
BL5118916 Bingo Holdings I Llc AGS 8.42 06/30/2032 472,625 459,925.00 0.11
BNZHNG3 Bellis Acquisition Co Plc ASSDLN 8.13 05/14/2030 400,000 487,746.00 0.11
91282CLK5 United States Treasury Note/bond T 3.63 08/31/2029 490,000 486,286.00 0.11
681639AB6 Olympus Water Us Holding Corp SOLEIN 6.25 10/01/2029 500,000 474,333.00 0.11
645370AG2 Risewell Homes Inc NWHM 8.50 11/01/2030 460,000 449,914.00 0.11
70932MAD9 Pennymac Financial Services Inc PFSI 7.88 12/15/2029 450,000 461,204.00 0.11
70052LAB9 PARK Intermediate Holdings Llc / Pk Dome PK 5.88 10/01/2028 475,000 472,335.00 0.11
89157UAA5 Toucan Finco Ltd/toucan Finco Can Inc/to TOUCAN 9.50 05/15/2030 550,000 484,000.00 0.11
893647BR7 Transdigm Inc TDG 6.75 08/15/2028 450,000 455,137.00 0.11
1248EPBT9 CCO Holdings Llc / Cco Holdings Capital CHTR 5.13 05/01/2027 465,000 465,084.00 0.11
023771T32 American Airlines Inc AAL 7.25 02/15/2028 475,000 478,070.00 0.11
04288BAB6 Arsenal Aic Parent Llc ARNC 8.00 10/01/2030 450,000 468,796.00 0.11
045086AP0 Ashton Woods Usa Llc / Ashton Woods Fina ASHWOO 4.63 04/01/2030 500,000 465,340.00 0.11
50012LAF1 Kodiak Gas Services Llc KGS 5.88 04/01/2031 455,000 456,922.00 0.11
55305BAV3 M/I Homes Inc MHO 3.95 02/15/2030 500,000 469,061.00 0.11
44267DAG2 Howard Hughes Corp/the HHH 5.88 03/01/2032 490,000 471,333.00 0.11
29605JAB2 ESAB Corp ESAB 5.63 04/01/2031 475,000 478,304.00 0.11
26154DAB6 Dream Finders Homes Inc DFH 6.88 09/15/2030 505,000 485,392.00 0.11
31556TAA7 Fertitta Entertainment Llc / Fertitta En FRTITA 4.63 01/15/2029 450,000 430,591.00 0.10
345397C35 FORD Motor Credit Co Llc F 7.35 11/04/2027 425,000 438,541.00 0.10
380355AN7 Goeasy Ltd GSYCN 7.38 10/01/2030 520,000 430,300.00 0.10
55305BAS0 M/I Homes Inc MHO 4.95 02/01/2028 425,000 420,668.00 0.10
59155LAA0 Mavis Tire Express Services Topco Corp EOCGRO 6.50 05/15/2029 425,000 421,004.00 0.10
552953CF6 MGM Resorts International MGM 5.50 04/15/2027 435,000 436,270.00 0.10
53523LAB6 Lindblad Expeditions Llc LIND 7.00 09/15/2030 400,000 408,687.00 0.10
04288BAC4 Arsenal Aic Parent Llc ARNC 11.50 10/01/2031 395,000 426,364.00 0.10
05552BAA4 LBM Acquisition Llc USLBMH 6.25 01/15/2029 585,000 428,393.00 0.10
05480AAB1 Azorra Finance Ltd AZORRA 7.25 01/15/2031 415,000 418,631.00 0.10
105340AP8 Brandywine Operating Partnership Lp BDN 4.55 10/01/2029 450,000 410,478.00 0.10
00687YAB1 Adient Global Holdings Ltd ADNT 7.00 04/15/2028 405,000 411,399.00 0.10
00175PAC7 AMN Healthcare Inc AMN 4.00 04/15/2029 450,000 423,033.00 0.10
143658BY7 Carnival Corp CCL 5.75 03/15/2030 425,000 427,278.00 0.10
20752TAB0 Connect Finco Sarl / Connect Us Finco Ll ISATLN 9.00 09/15/2029 415,000 435,538.00 0.10
23292NAA6 Cyprium Corp / Cyprium Holdings Luxembou VGNT 6.13 04/15/2031 410,000 404,916.00 0.10
87470LAL5 Tallgrass Energy Partners Lp / Tallgrass TEP 7.38 02/15/2029 430,000 441,962.00 0.10
707569AY5 PENN Entertainment Inc PENN 6.75 04/01/2031 430,000 417,766.00 0.10
682691AL4 Onemain Finance Corp OMF 6.13 05/15/2030 420,000 410,446.00 0.10
92332YAA9 Venture Global Lng Inc VENLNG 8.13 06/01/2028 435,000 445,409.00 0.10
91889FAC5 Valaris Ltd VAL 8.38 04/30/2030 400,000 414,492.00 0.10
92682RAA0 Viking Ocean Cruises Ship Vii Ltd VIKCRU 5.63 02/15/2029 400,000 399,204.00 0.09
910047AL3 United Airlines Holdings Inc UAL 5.38 03/01/2031 375,000 367,266.00 0.09
97360AAA5 Windsor Holdings Iii Llc UNVR 8.50 06/15/2030 350,000 362,511.00 0.09
BTZP1V0 Ardagh Group Sa ARGID 12.00 12/01/2030 400,000 379,603.00 0.09
BL4938413 Venator Finance Sarl VNTR 11.25 07/16/2026 510,194 382,645.00 0.09
B8AC8DDQ7 Venator Fin Sarl 10.75 12/31/2026 504,284 378,212.00 0.09
BL4587764 Magnera Corp MAGN 7.92 11/04/2031 404,756 387,149.00 0.09
682691AB6 Onemain Finance Corp OMF 3.50 01/15/2027 375,000 368,394.00 0.09
66977WAU3 NOVA Chemicals Corp NCX 9.00 02/15/2030 370,000 389,991.00 0.09
651229BG0 Newell Brands Inc NWL 8.50 06/01/2028 380,000 392,959.00 0.09
70052LAC7 PARK Intermediate Holdings Llc / Pk Dome PK 4.88 05/15/2029 400,000 384,883.00 0.09
86765LAZ0 Sunoco Lp / Sunoco Finance Corp SUN 4.50 04/30/2030 400,000 386,835.00 0.09
76884GAA3 Rivers Enterprise Borrower Llc RIVENT 6.25 10/15/2030 380,000 379,451.00 0.09
85172FAQ2 Onemain Finance Corp OMF 6.63 01/15/2028 400,000 402,333.00 0.09
12511VAA6 Churchill Downs Inc CHDN 5.75 04/01/2030 375,000 371,579.00 0.09
11283YAD2 Brookfield Residential Properties Inc / BRPCN 4.88 02/15/2030 400,000 367,508.00 0.09
00253XAA9 American Airlines Inc/aadvantage Loyalty AAL 5.50 04/20/2026 383,333 383,737.00 0.09
095796AJ7 BLUE Racer Midstream Llc / Blue Racer Fi BLURAC 7.00 07/15/2029 355,000 366,327.00 0.09
05480AAA3 Azorra Finance Ltd AZORRA 7.75 04/15/2030 385,000 396,827.00 0.09
536797AJ2 Lithia Motors Inc LAD 5.50 10/01/2030 370,000 363,318.00 0.09
47232MAG7 Jefferies Finance Llc / Jfin Co-issuer C JEFFIN 6.63 10/15/2031 425,000 404,484.00 0.09
601137AB8 Millrose Properties Inc MRP 6.25 09/15/2032 405,000 398,186.00 0.09
380355AR8 Goeasy Ltd GSYCN 6.88 02/15/2031 465,000 374,325.00 0.09
38869AAB3 Graphic Packaging International Llc GPK 3.50 03/15/2028 400,000 384,638.00 0.09
432833AP6 Hilton Domestic Operating Co Inc HLT 5.88 04/01/2029 380,000 383,685.00 0.09
27034RAA1 Permian Resources Operating Llc PR 8.00 04/15/2027 390,000 390,388.00 0.09
28228PAC5 EG Global Finance Plc EGBLFN 12.00 11/30/2028 375,000 400,781.00 0.09
284902AF0 Eldorado Gold Corp ELDCN 6.25 09/01/2029 350,000 348,733.00 0.08
36168QAN4 GFL Environmental Inc GFLCN 4.75 06/15/2029 350,000 343,217.00 0.08
62886HBR1 NCL Corp Ltd NCLH 6.75 02/01/2032 360,000 357,300.00 0.08
513272AC8 LAMB Weston Holdings Inc LW 4.88 05/15/2028 350,000 346,690.00 0.08
15853BAA9 Champion Iron Canada Inc CIACN 7.88 07/15/2032 335,000 347,981.00 0.08
21873SAC2 Coreweave Inc CRWV 9.00 02/01/2031 365,000 347,143.00 0.08
25470MAG4 DISH Network Corp DISH 11.75 11/15/2027 340,000 350,274.00 0.08
18972EAD7 Clydesdale Acquisition Holdings Inc NOVHOL 6.75 04/15/2032 350,000 331,085.00 0.08
192108BC1 Coeur Mining Inc CDE 5.13 02/15/2029 350,000 345,931.00 0.08
87470LAJ0 Tallgrass Energy Partners Lp / Tallgrass TEP 6.00 12/31/2030 325,000 322,856.00 0.08
87265HAG4 TRI Pointe Homes Inc TPH 5.70 06/15/2028 325,000 327,665.00 0.08
85571BBF1 Starwood Property Trust Inc STWD 5.25 10/15/2028 355,000 352,009.00 0.08
69306RAB2 P&L Development Llc / Pld Finance Corp PLDEVE 12.00 05/15/2029 338,320 334,332.00 0.08
670001AL0 Novelis Corp HNDLIN 6.88 01/30/2030 320,000 322,815.00 0.08
BL4993863 MPH Acquisition Holdings MLTPLN 8.53 12/31/2030 405,654 358,160.00 0.08
BL5007242 Windsor Holdings Iii Llc UNVR 6.42 08/01/2030 342,177 336,617.00 0.08
BL5042678 Vista Management Holding Inc VSTJET 7.41 04/01/2031 363,302 358,989.00 0.08
903522AA8 UWM Holdings Llc UWMC 6.63 02/01/2030 355,000 334,792.00 0.08
911365BN3 United Rentals North America Inc URI 4.00 07/15/2030 300,000 284,959.00 0.07
91282CMP3 United States Treasury Note/bond T 4.13 02/28/2027 300,000 300,984.00 0.07
92262TAA4 Velocity Vehicle Group Llc VLCYVG 8.00 06/01/2029 300,000 279,764.00 0.07
983133AC3 WYNN Resorts Finance Llc / Wynn Resorts WYNFIN 7.13 02/15/2031 300,000 315,168.00 0.07
BQ0G6D4 Bellis Acquisition Co Plc ASSDLN 8.00 07/01/2031 278,000 302,850.00 0.07
BL4063485 Altice Financing Sa ALTICE 8.67 10/31/2027 416,414 301,121.00 0.07
B8AC24CC5 Heritage Power Llc 9.17 07/20/2028 286,643 280,909.00 0.07
BL3652478 Skillsoft Finance Ii Inc SKIL 9.04 07/14/2028 793,534 309,478.00 0.07
645370AF4 Risewell Homes Inc NWHM 9.25 10/01/2029 310,000 313,646.00 0.07
64438WAA5 NEW Flyer Holdings Inc NFICN 9.25 07/01/2030 285,000 304,625.00 0.07
640695AD4 Neptune Bidco Us Inc NLSN 9.50 02/15/2033 320,000 311,691.00 0.07
707569AV1 PENN Entertainment Inc PENN 4.13 07/01/2029 325,000 304,081.00 0.07
73943NAA4 Prairie Acquiror Lp TGE 9.00 08/01/2029 300,000 310,192.00 0.07
749571AG0 RHP Hotel Properties Lp / Rhp Finance Co RHP 4.50 02/15/2029 300,000 291,129.00 0.07
74982TAA1 RXO Inc RXO 6.38 05/15/2031 320,000 307,705.00 0.07
86765KAF6 Sunoco Lp SUN 5.63 03/15/2031 280,000 278,614.00 0.07
893790AA3 Transocean Aquila Ltd RIG 8.00 09/30/2028 307,308 313,810.00 0.07
893647BP1 Transdigm Inc TDG 4.63 01/15/2029 300,000 294,700.00 0.07
88033GDH0 Tenet Healthcare Corp THC 4.63 06/15/2028 300,000 297,462.00 0.07
78412FAX2 SESI Llc SPN 7.88 09/30/2030 310,000 316,103.00 0.07
201723AQ6 Commercial Metals Co CMC 4.13 01/15/2030 325,000 309,601.00 0.07
185899AS0 Cleveland-cliffs Inc CLF 7.50 09/15/2031 315,000 314,317.00 0.07
05464CAC5 AXON Enterprise Inc AXON 6.13 03/15/2030 300,000 306,155.00 0.07
105340AS2 Brandywine Operating Partnership Lp BDN 8.88 04/12/2029 275,000 279,317.00 0.07
00489LAM5 Acrisure Llc / Acrisure Finance Inc ACRISU 8.50 06/15/2029 285,000 282,617.00 0.07
52109SAB5 LBM Acquisition Llc USLBMH 9.50 06/15/2031 360,000 313,217.00 0.07
536797AE3 Lithia Motors Inc LAD 4.63 12/15/2027 300,000 296,423.00 0.07
45344LAJ2 Crescent Energy Finance Llc CRGYFN 9.75 10/15/2030 275,000 294,751.00 0.07
469815AK0 Jacobs Entertainment Inc JACENT 6.75 02/15/2029 325,000 303,328.00 0.07
62886HBG5 NCL Corp Ltd NCLH 7.75 02/15/2029 278,000 287,957.00 0.07
380355AH0 Goeasy Ltd GSYCN 9.25 12/01/2028 335,000 311,483.00 0.07
44332PAG6 HUB International Ltd HBGCN 5.63 12/01/2029 300,000 292,978.00 0.07
428040DC0 Hertz Corp/the HTZ 12.63 07/15/2029 290,000 254,404.00 0.06
389375AN6 GRAY Media Inc GTN 9.63 07/15/2032 275,000 275,219.00 0.06
292554AS1 Encore Capital Group Inc ECPG 6.63 04/15/2031 265,000 264,806.00 0.06
46206AAE2 ION Platform Finance Us Inc / Ion Platfo IONPLA 5.00 05/01/2028 285,000 265,585.00 0.06
475795AD2 Jeld-wen Inc JELD 4.88 12/15/2027 375,000 254,539.00 0.06
550241AA1 Lumen Technologies Inc LUMN 5.38 06/15/2029 250,000 237,664.00 0.06
105340AT0 Brandywine Operating Partnership Lp BDN 6.13 01/15/2031 270,000 241,167.00 0.06
79546VAQ9 Sally Holdings Llc / Sally Capital Inc SBH 6.75 03/01/2032 250,000 256,036.00 0.06
85571BBE4 Starwood Property Trust Inc STWD 6.50 10/15/2030 235,000 238,937.00 0.06
85236FAA1 Smyrna Ready Mix Concrete Llc SMYREA 6.00 11/01/2028 265,000 263,104.00 0.06
74743LAA8 Qnity Electronics Inc QNTELE 5.75 08/15/2032 235,000 235,292.00 0.06
77340RAR8 Rockies Express Pipeline Llc ROCKIE 4.95 07/15/2029 265,000 259,071.00 0.06
70932MAE7 Pennymac Financial Services Inc PFSI 7.13 11/15/2030 275,000 274,395.00 0.06
64828TAB8 Rithm Capital Corp RITM 8.00 04/01/2029 275,000 271,021.00 0.06
BL4047090 Tenneco Inc TENINC 8.51 11/17/2028 258,942 251,660.00 0.06
BL4799260 Xplore Inc/nb BARXPL 8.79 10/24/2029 274,251 247,854.00 0.06
BL5258522 PAC Aviation Internation PACDAC 6.92 10/28/2030 274,563 270,100.00 0.06
BL4964328 NCR Atleos Corp NCRATL 6.17 09/27/2028 242,517 241,505.00 0.06
98311AAE5 Wyndham Hotels & Resorts Inc WH 5.63 03/01/2033 250,000 245,974.00 0.06
98927UAA5 Zegona Finance Plc ZEGLN 8.63 07/15/2029 260,000 272,389.00 0.06
92840VAB8 Vistra Operations Co Llc VST 5.63 02/15/2027 250,000 249,984.00 0.06
95081QAQ7 Wesco Distribution Inc WCC 6.38 03/15/2029 255,000 259,559.00 0.06
95081QAT1 Wesco Distribution Inc WCC 5.25 04/15/2031 265,000 263,326.00 0.06
92840JAB5 Vistajet Malta Finance Plc / Vista Manag VSTJET 6.38 02/01/2030 310,000 268,013.00 0.06
TYM6 COMDT US 10yr Note (cbt)jun26 TYM6 06/18/2026 -16,101,797 242,814.00 0.06
BL5463841 Hilcorp Energy I Lp HILCRP 5.43 02/11/2030 272,250 271,909.00 0.06
XS27199989 EG Global Finance Plc EGBLFN 11.00 11/30/2028 200,000 242,844.00 0.06
91282CLP4 United States Treasury Note/bond T 3.50 09/30/2026 200,000 199,726.00 0.05
92537RAA7 TK Elevator Us Newco Inc THYELE 5.25 07/15/2027 200,000 199,356.00 0.05
96467GAC2 White Cap Supply Holdings Llc WHTCAP 7.38 11/15/2030 225,000 218,394.00 0.05
96949VAN3 Williams Scotsman Inc WLSC 6.63 04/15/2030 230,000 233,113.00 0.05
98877DAH8 ZF North America Capital Inc ZFFNGR 7.50 03/24/2031 230,000 225,703.00 0.05
98919VAC9 ZAYO Group Holdings Inc ZAYO 6.25 03/09/2030 200,000 198,700.00 0.05
BL4989184 Quikrete Holdings Inc QUIKHO 5.92 02/10/2032 222,750 222,193.00 0.05
BL5147105 CP Atlas Buyer Inc AMBATH 8.92 07/08/2030 243,576 223,278.00 0.05
B8ADGKST8 NEW Generation Gas Gathering Llc 3.68 09/30/2029 210,810 207,647.00 0.05
644535AJ5 NEW Gold Inc NGDCN 6.88 04/01/2032 190,000 196,157.00 0.05
668771AL2 GEN Digital Inc GEN 7.13 09/30/2030 230,000 232,205.00 0.05
681639AD2 Olympus Water Us Holding Corp SOLEIN 7.25 06/15/2031 200,000 195,575.00 0.05
77311WAC5 Rocket Cos Inc RKT 6.50 08/01/2029 220,000 222,733.00 0.05
749571AJ4 RHP Hotel Properties Lp / Rhp Finance Co RHP 7.25 07/15/2028 200,000 204,146.00 0.05
749571AK1 RHP Hotel Properties Lp / Rhp Finance Co RHP 6.50 04/01/2032 225,000 229,159.00 0.05
78454LAX8 SM Energy Co SM 6.75 08/01/2029 215,000 218,391.00 0.05
87470LAD3 Tallgrass Energy Partners Lp / Tallgrass TEP 5.50 01/15/2028 200,000 198,267.00 0.05
071734AN7 Bausch Health Cos Inc BHCCN 4.88 06/01/2028 215,000 196,942.00 0.05
071734AQ0 Bausch Health Cos Inc BHCCN 11.00 09/30/2028 204,000 208,388.00 0.05
01309QAC2 Albertsons Cos Inc / Safeway Inc / New A ACI 5.50 03/31/2031 215,000 212,661.00 0.05
018581AR9 Bread Financial Holdings Inc BFH 6.75 05/15/2031 235,000 233,190.00 0.05
03969YAD0 Ardagh Metal Packaging Finance Usa Llc / AMPBEV 6.25 01/30/2031 220,000 218,013.00 0.05
18453HAF3 Clear Channel Outdoor Holdings Inc CCO 7.88 04/01/2030 200,000 209,560.00 0.05
25525PAE7 Diversified Healthcare Trust DHC 7.25 10/15/2030 215,000 217,318.00 0.05
21925AAQ8 Cornerstone Chemical Co Llc CRNRCH 10.00 05/07/2029 225,568 191,732.00 0.05
156431AS7 Century Aluminum Co CENX 6.88 08/01/2032 195,000 201,315.00 0.05
12597YAC3 CP Atlas Buyer Inc AMBATH 9.75 07/15/2030 225,000 211,862.00 0.05
118230AQ4 Buckeye Partners Lp BPL 3.95 12/01/2026 225,000 222,944.00 0.05
53219LAY5 Lifepoint Health Inc RGCARE 8.38 02/15/2032 190,000 202,390.00 0.05
527298BT9 Level 3 Financing Inc LVLT 3.75 07/15/2029 250,000 232,837.00 0.05
513272AD6 LAMB Weston Holdings Inc LW 4.13 01/31/2030 225,000 215,044.00 0.05
603051AF0 Mineral Resources Ltd MINAU 7.00 04/01/2031 200,000 203,368.00 0.05
28035QAB8 Edgewell Personal Care Co EPC 4.13 04/01/2029 225,000 212,573.00 0.05
292554AR3 Encore Capital Group Inc ECPG 8.50 05/15/2030 200,000 211,504.00 0.05
345397A86 FORD Motor Credit Co Llc F 4.13 08/17/2027 200,000 197,426.00 0.05
345397B77 FORD Motor Credit Co Llc F 2.70 08/10/2026 200,000 198,516.00 0.05
345397C27 FORD Motor Credit Co Llc F 4.95 05/28/2027 200,000 199,927.00 0.05
422704AH9 Hecla Mining Co HL 7.25 02/15/2028 202,000 202,092.00 0.05
427056AU0 Hercules Llc ASH 6.50 06/30/2029 200,000 200,099.00 0.05
431318AY0 Hilcorp Energy I Lp / Hilcorp Finance Co HILCRP 6.00 04/15/2030 235,000 228,583.00 0.05
44267DAE7 Howard Hughes Corp/the HHH 4.13 02/01/2029 225,000 212,987.00 0.05
380355AM9 Goeasy Ltd GSYCN 6.88 05/15/2030 265,000 218,956.00 0.05
35908MAA8 Frontier Communications Holdings Llc FYBR 5.88 11/01/2029 150,000 150,922.00 0.04
278768AC0 Echostar Corp SATS 10.75 11/30/2029 175,000 189,000.00 0.04
31556TAC3 Fertitta Entertainment Llc / Fertitta En FRTITA 6.75 01/15/2030 200,000 186,857.00 0.04
29605JAA4 ESAB Corp ESAB 6.25 04/15/2029 170,000 172,210.00 0.04
603051AD5 Mineral Resources Ltd MINAU 8.50 05/01/2030 150,000 154,171.00 0.04
55342UAQ7 MPT Operating Partnership Lp / Mpt Finan MPW 8.50 02/15/2032 150,000 152,261.00 0.04
50168QAC9 LABL Inc LABL 5.88 11/01/2028 370,000 177,237.00 0.04
46206AAC6 ION Platform Finance Us Inc / Ion Platfo IONPLA 4.63 05/01/2028 195,000 181,918.00 0.04
18453HAH9 Clear Channel Outdoor Holdings Inc CCO 7.50 03/15/2033 170,000 180,075.00 0.04
03969YAA6 Ardagh Metal Packaging Finance Usa Llc / AMPBEV 3.25 09/01/2028 200,000 190,200.00 0.04
01741RAN2 ATI Inc ATI 7.25 08/15/2030 145,000 150,590.00 0.04
893814AA1 Transocean International Ltd RIG 7.88 10/15/2032 175,000 185,729.00 0.04
810186AW6 Scotts Miracle-gro Co/the SMG 4.38 02/01/2032 200,000 186,045.00 0.04
68622TAB7 Organon & Co / Organon Foreign Debt Co-i OGN 5.13 04/30/2031 225,000 183,656.00 0.04
69007TAB0 Outfront Media Capital Llc / Outfront Me OUT 5.00 08/15/2027 150,000 149,763.00 0.04
69354NAF3 PRA Group Inc PRAA 8.88 01/31/2030 165,000 166,760.00 0.04
B8ADVAEX9 NEW Generation Gas Gathering Llc 3.68 09/30/2029 175,675 173,039.00 0.04
B8ACXD562 NEW Generation Gas Gathering Llc 3.63 09/30/2029 175,676 173,040.00 0.04
IBYM6 INDE Iboxx Ish $hy Fut Jun26 IBYM6 06/01/2026 42,770,980 149,607.00 0.04
903522AB6 UWM Holdings Llc UWMC 6.25 03/15/2031 170,000 154,824.00 0.04
92535UAB0 Vertiv Group Corp VRT 4.13 11/15/2028 150,000 147,241.00 0.03
B8AC2XW47 Heritage Pwr Llc 1,694 120,909.00 0.03
983793AK6 XPO Inc XPO 7.13 02/01/2032 135,000 139,296.00 0.03
BL5316866 Focus Financial Partners Llc FOCS 6.17 09/15/2031 149,624 144,589.00 0.03
B8AENG7Z6 Radiate Holdco Llc 7.67 06/26/2029 120,000 119,799.00 0.03
75026JAH3 Radiate Holdco Llc / Radiate Finance Inc RADIAT 9.25 03/25/2030 169,838 130,149.00 0.03
812127AA6 Sealed Air Corp/sealed Air Corp Us SEE 6.13 02/01/2028 125,000 126,914.00 0.03
87724RAJ1 Taylor Morrison Communities Inc TMHC 5.13 08/01/2030 150,000 148,362.00 0.03
00653VAC5 Adapthealth Llc ADAHEA 4.63 08/01/2029 125,000 119,234.00 0.03
02128LAC0 ALTA Equipment Group Inc ALTG 9.00 06/01/2029 140,000 124,873.00 0.03
02154CAJ2 Altice Financing Sa ALTICE 9.63 07/15/2027 200,000 146,000.00 0.03
097751BZ3 Bombardier Inc BBDBCN 7.50 02/01/2029 115,000 119,266.00 0.03
126307AS6 CSC Holdings Llc CSCHLD 5.38 02/01/2028 200,000 148,053.00 0.03
126307AY3 CSC Holdings Llc CSCHLD 7.50 04/01/2028 200,000 110,135.00 0.03
126307AZ0 CSC Holdings Llc CSCHLD 6.50 02/01/2029 200,000 127,658.00 0.03
126307BB2 CSC Holdings Llc CSCHLD 4.13 12/01/2030 200,000 119,921.00 0.03
143658BQ4 Carnival Corp CCL 4.00 08/01/2028 144,000 140,584.00 0.03
126307BF3 CSC Holdings Llc CSCHLD 3.38 02/15/2031 200,000 117,445.00 0.03
50168QAF2 LABL Inc LABL 8.63 10/01/2031 295,000 143,966.00 0.03
553283AF9 MPH Acquisition Holdings Llc MLTPLN 11.50 12/31/2030 143,515 130,036.00 0.03
55939AAA5 Magnera Corp MAGN 7.25 11/15/2031 150,000 138,806.00 0.03
38869AAD9 Graphic Packaging International Llc GPK 3.75 02/01/2030 150,000 137,945.00 0.03
443628AH5 Hudbay Minerals Inc HBMCN 6.13 04/01/2029 120,000 119,700.00 0.03
431318AV6 Hilcorp Energy I Lp / Hilcorp Finance Co HILCRP 6.00 02/01/2031 150,000 145,194.00 0.03
SWZ97JNT7P ICE: (cdx.na.hy.46.v1) 5.00 06/20/2031 2,580,000 124,326.00 0.03
389375AM8 GRAY Media Inc GTN 10.50 07/15/2029 90,000 95,789.00 0.02
50168QAE5 LABL Inc LABL 9.50 11/01/2028 205,000 97,925.00 0.02
45344LAH6 Crescent Energy Finance Llc CRGYFN 7.75 07/31/2029 100,000 100,714.00 0.02
48666KAX7 KB Home KBH 6.88 06/15/2027 82,000 82,759.00 0.02
50168AAA8 LABL Inc LABL 10.50 07/15/2027 985,000 85,211.00 0.02
126307BD8 CSC Holdings Llc CSCHLD 4.63 12/01/2030 200,000 70,965.00 0.02
12008RAN7 Builders Firstsource Inc BLDR 5.00 03/01/2030 105,000 102,314.00 0.02
185899AP6 Cleveland-cliffs Inc CLF 7.00 03/15/2032 110,000 106,445.00 0.02
25470XBB0 DISH Dbs Corp DISH 7.38 07/01/2028 75,000 72,741.00 0.02
00202DAA5 APLD Computeco Llc APLD 9.25 12/15/2030 75,000 77,279.00 0.02
86765LAN7 Sunoco Lp / Sunoco Finance Corp SUN 5.88 03/15/2028 75,000 74,903.00 0.02
86765LAT4 Sunoco Lp / Sunoco Finance Corp SUN 4.50 05/15/2029 96,000 93,581.00 0.02
682691AN0 Onemain Finance Corp OMF 6.75 09/15/2033 75,000 72,068.00 0.02
BL4671105 LBM Acquisition Llc USLBMH 7.53 06/06/2031 87,278 69,593.00 0.02
BL4679157 White Cap Supply Holding WHTCAP 6.92 10/19/2029 100,000 95,963.00 0.02
BL4755601 Lifepoint Health Inc RGCARE 7.42 05/16/2031 98,750 98,725.00 0.02
B8AB393F8 TPC Group Rights 4,927 89,917.00 0.02
98379KAB8 XPO Inc XPO 7.13 06/01/2031 75,000 77,286.00 0.02
92332YAE1 Venture Global Lng Inc VENLNG 7.00 01/15/2030 90,000 92,057.00 0.02
911365BG8 United Rentals North America Inc URI 4.88 01/15/2028 100,000 99,589.00 0.02
B8AC2XW54 Heritage Pwr Llc 44,338 22,169.00 0.01
B8AC4A3C9 Cornerstone Chem Co 9,517 47,585.00 0.01
92916WAA7 VOYA Clo 2013-2 Ltd INGIM 4.90 04/25/2031 24,387 24,367.00 0.01
B8ACA1AA8 Digicel Intl Fin Ltd 3,350 42,879.00 0.01
B8AD64SP3 Xplore Inc 83,927 60,309.00 0.01
B8AEBG4U3 NEW Generation Gas Gathering Llc 3.69 09/30/2029 52,702 51,911.00 0.01
B8AEMK0Z5 Radiate Holdco Llc 7.67 06/26/2029 40,000 39,933.00 0.01
CM91VDK3TC Gbp/usd Fwd 20260402 Midlgb22 GBP 04/02/2026 -1,229,960 34,819.00 0.01
81721MAM1 Diversified Healthcare Trust DHC 4.75 02/15/2028 25,000 24,001.00 0.01
829259BH2 Sinclair Television Group Inc SBGI 8.13 02/15/2033 50,000 50,958.00 0.01
85571BBC8 Starwood Property Trust Inc STWD 6.00 04/15/2030 50,000 49,987.00 0.01
071734AJ6 Bausch Health Cos Inc BHCCN 5.25 01/30/2030 50,000 32,662.00 0.01
071734AL1 Bausch Health Cos Inc BHCCN 5.25 02/15/2031 50,000 30,648.00 0.01
071734AD9 Bausch Health Cos Inc BHCCN 7.00 01/15/2028 50,000 43,573.00 0.01
25470XBD6 DISH Dbs Corp DISH 5.13 06/01/2029 25,000 22,341.00 0.01
21925DAA7 Cornerstone Building Brands Inc CNR 6.13 01/15/2029 150,000 27,269.00 0.01
18972EAC9 Clydesdale Acquisition Holdings Inc NOVHOL 6.88 01/15/2030 50,000 48,712.00 0.01
210385AJ9 Constellation Energy Generation Llc CEG 5.00 02/01/2031 25,000 25,069.00 0.01
18060TAD7 Clarios Global Lp / Clarios Us Finance C POWSOL 6.75 02/15/2030 50,000 51,125.00 0.01
629377CS9 NRG Energy Inc NRG 3.88 02/15/2032 25,000 22,939.00 0.01
3A15BBSK3Q Gbp/usd Fwd 20260512 5 GBP 05/12/2026 -1,229,960 21,164.00 0.00
25381HAD0 Digicel Group Holdings Ltd DLLTD 12/31/2030 24,907 2 0.00
25381HAM0 Digicel Group Holdings Ltd DLLTD 12/31/2030 34,470 0 0.00
071734AH0 Bausch Health Cos Inc BHCCN 5.00 01/30/2028 25,000 21,116.00 0.00
071734AM9 Bausch Health Cos Inc BHCCN 5.00 02/15/2029 25,000 18,319.00 0.00
071734AK3 Bausch Health Cos Inc BHCCN 6.25 02/15/2029 25,000 18,750.00 0.00
00191AAD8 ARD Finance Sa ARDFIN 6.50 06/30/2027 2 0 0.00
83A5EIHC40 Eur/usd Fwd 20260512 00187 EUR 05/12/2026 -591,019 1,598.00 0.00
853191AC8 Standard Building Solutions Inc BMCAUS 6.25 08/01/2033 15,000 14,848.00 0.00
S6CRT1IL0U Eur/usd Fwd 20260402 0997 EUR 04/02/2026 -591,019 15,267.00 0.00
BLFHRK1 Venator Materials Plc VNTRF 2,671 0 0.00
BL3572783 First Brands Group Llc TRICGR 14.28 03/30/2028 1,117,246 368 0.00
BL3754621 LABL Inc LABL 8.77 10/29/2028 24,935 11,303.00 0.00
B8AD73HC5 Xplornet - Contingent Value Rights 4,493 0 0.00
B8AE1JR66 Mitel Networks Intl Lt 257 32 0.00
BL4454486 Venator Finance Sarl VNTR 7.00 10/12/2028 748,774 14,975.00 0.00
B4E5VS7V0B Eur/usd Fwd 20260402 00187 EUR 04/02/2026 591,019 -1,604.00 0.00
985923101 Ardagh Holdings Sa 2,610,588.00 59 413 0.00
USM6 COMDT US Long Bond(cbt) Jun26 USM6 06/18/2026 -113,875 3,107.00 0.00
V5PHP5IR0U Gbp/usd Fwd 20260402 5 GBP 04/02/2026 1,229,960 -21,163.00 0.00
WNM6 COMDT US Ultra Bond Cbt Jun26 WNM6 06/18/2026 -116,563 3,279.00 0.00
SWB8AF9DXB Trswap: Iboxhy Index 6/22/26 Mslsw_r 06/22/2026 134,733 -164,441.00 -0.04
TUM6 COMDT US 2yr Note (cbt) Jun26 TUM6 06/30/2026 47,090,086 -337,276.00 -0.08
FVM6 COMDT US 5yr Note (cbt) Jun26 FVM6 06/30/2026 48,356,321 -607,393.00 -0.14

The CUSIP information contained in pgimfunds.com and/or prudential.com consists of security identifiers and related descriptive information (“the CUSIP Database”) and is protected under the copyright laws and is licensed with permission from CUSIP Global Services (“CGS”), on behalf of the American Bankers Association (“ABA”).

VISITOR agrees and acknowledges that the CUSIP Database and the information contained therein is and shall remain valuable intellectual property owned by, or licensed to, CGS and ABA, and that no proprietary rights are being transferred to VISITOR in such materials or in any of the information contained therein by virtue of VISITOR’s use of Subscriber’s Web Site. Any use of the CUSIP Database by VISITOR outside of the clearing and settlement of transactions may require a license from CGS, along with an associated fee based on usage.

VISITOR agrees that misappropriation or misuse of such materials will cause serious damage to CGS and ABA, and that in such event, money damages may not constitute sufficient compensation to CGS and ABA; consequently, VISITOR agrees that in the event of any misappropriation or misuse, CGS and ABA shall have the right to obtain injunctive relief in addition to any other legal or financial remedies to which CGS and ABA may be entitled.

VISITOR agrees that VISITOR shall not publish or distribute in any medium the CUSIP Database or any substantial portion of the information contained therein or summaries or subsets thereof to any person or entity unless permitted by a direct agreement with CGS. VISITOR may not create or maintain a master file or database of CUSIP identifiers or descriptions for itself or any third party recipient that is intended to serve as a substitute for any CUSIP service.

VISITOR agrees not to:

(a) Violate the restrictions in any robot inclusion headers on the Subscriber Web Site or in any way bypass or circumvent any other measure employed to limit or prevent access to the CUSIP Database on the Subscriber Web Site;

(b) Violate the security of the Subscriber Web Site or attempt to gain unauthorized access to the Web Site, CUSIP Database, materials, information, computer systems or networks connected to Subscriber server, through hacking, password mining or any other means; or

(c) Interfere or attempt to interfere with the proper working of the Subscriber Web Site or any activities conducted on or through the Subscriber Web Site, including accessing any CUSIP Database, content or other information prior to the time that is intended to be available to the public on the Subscriber Web Site;

NEITHER CGS, ABA NOR ANY OF THEIR AFFILIATES MAKE ANY WARRANTIES, EXPRESS OR IMPLIED, AS TO THE ACCURACY, ADEQUACY OR COMPLETENESS OF ANY OF THE INFORMATION CONTAINED IN THE CUSIP DATABASE. ALL SUCH MATERIALS ARE PROVIDED TO VISITOR ON AN “AS IS” BASIS, WITHOUT ANY WARRANTIES AS TO MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE NOR WITH RESPECT TO THE RESULTS WHICH MAY BE OBTAINED FROM THE USE OF SUCH MATERIALS. NEITHER CGS, ABA NOR THEIR AFFILIATES SHALL HAVE ANY RESPONSIBILITY OR LIABILITY FOR ANY ERRORS OR OMISSIONS NOR SHALL THEY BE LIABLE FOR ANY DAMAGES, WHETHER DIRECT OR INDIRECT, SPECIAL OR CONSEQUENTIAL, EVEN IF THEY HAVE BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. IN NO EVENT SHALL THE LIABILITY OF CGS, ABA OR ANY OF THEIR AFFILIATES PURSUANT TO ANY CAUSE OF ACTION, WHETHER IN CONTRACT, TORT, OR OTHERWISE, EXCEED THE FEE PAID BY VISITOR FOR ACCESS TO SUCH MATERIALS IN THE MONTH IN WHICH SUCH CAUSE OF ACTION IS ALLEGED TO HAVE ARISEN. FURTHERMORE, CGS AND ABA SHALL HAVE NO RESPONSIBILITY OR LIABILITY FOR DELAYS OR FAILURES DUE TO CIRCUMSTANCES BEYOND THEIR CONTROL.

VISITOR agrees that the foregoing terms and conditions shall survive any termination of its right of access to the materials identified above.

MANAGEMENT

PGIM Investments is a registered investment advisor and investment manager to PGIM registered investment companies. PGIM Investments is a Prudential Financial and PGIM, Inc. affiliate. For more information on the fund's sub-advisors(s), please click here.

Robert Cignarella, CFA
Robert Cignarella, CFA

Managing Director and Head of U.S. High Yield

Robert Cignarella, CFA is a Managing Director and Head of PGIM's U.S. High Yield.

Robert Spano, CFA, CPA
Robert Spano, CFA, CPA

Managing Director and Portfolio Manager

Robert Spano, CFA, CPA, is a Managing Director and a high yield portfolio manager for PGIM's U.S. High Yield Bond Team.

Brian Clapp, CFA
Brian Clapp, CFA

Principal and Portfolio Manager

Brian Clapp, CFA, is a Principal and a high yield portfolio manager for PGIM's U.S. high yield team.

Michael Gormally
Michael Gormally

Executive Director and Portfolio Manager

Credit

Michael Gormally is an Executive Director and portfolio manager and trader for PGIM's U.S. High Yield Bond Team

Brian Lalli
Brian Lalli

Principal and Portfolio Manager

Credit

Brian Lalli is a Principal and Portfolio Manager for PGIM's U.S. high yield bond team.

Past performance does not guarantee future results and current performance may be lower or higher than the past performance data quoted. The investment return and principal value will fluctuate, and shares, when sold, may be worth more or less than the original cost.

Market Price is the closing price of a closed-end fund as of the latest trading day on the New York Stock Exchange. NAV (Net Asset Value) is total assets less total liabilities divided by the number of shares outstanding. Premium/Discount is the percent difference between the Market price and the NAV. There is no guarantee you will receive the stated Premium/Discount and additional fees may result from individual broker fees and transaction costs in the secondary market. Distribution Rate is calculated by annualizing the amount of the most recent distribution paid, excluding special distributions, divided by the previous trading days closing market price or NAV. As of 3/31/2026, the Fund estimates that the most recent distribution will be paid from: 72% investment income; 0% net realized currency gains; 0% net realized capital gains; and 28% return of capital. The Distribution Rate is subject to change and is not a quotation of Fund performance. For more information about a distributions composition, refer to the distribution press release or section 19 notices located above. Please consult your tax advisor for further information. Investable Assets are the net assets attributable to the outstanding common stock of the Fund plus the liquidation preference of any outstanding preferred stock issued by the Fund, the principal amount of any borrowings, and the principal on any debt securities issued by the Fund. Average Maturity is the average number of years to maturity of the Funds bonds. Leverage Adjusted Duration measures investment risk that takes into account both a bonds interest payments and its value to maturity. Credit Quality is calculated using the highest rating assigned by a nationally recognized statistical rating organization (NRSRO) such as Moodys, S&P, or Fitch. The not rated category consists of securities that have not been rated by an NRSRO. Due to data availability, statistics may not be as of the current reporting period. Expenses based on the most recent publicity available reports. See the Fund's Annual Report for full information on expenses. All data is unaudited and subject to change.

Source: PGIM, Inc. (PGIM). PGIM is a Prudential Financial company.

An investment in a closed-end fund’s common stock may be speculative in that it involves a high degree of risk, should not constitute a complete investment program, and may result in loss of principal. Each closed-end fund will have its own unique investment strategy, risks, charges and expenses that need to be considered before investing.

Shares of each closed end fund are bought and sold through non-affiliated broker-dealers and trade on nationally recognized stock exchanges.

PGIM Fixed Income is a unit of PGIM, Inc., a registered investment advisor. PGIM Limited acts as a subadvisor to all fixed income funds. PGIM Limited is an indirect, wholly owned subsidiary of PGIM, Inc. (PGIM), the principal asset management business of Prudential Financial, Inc. (PFI), a company incorporated and with its principal place of business in the United States. All are Prudential Financial affiliates. PGIM is the principal asset management business of Prudential Financial, Inc. (PFI), and a trading name of PGIM, Inc. and its global subsidiaries and affiliates. 

5298431  Ed. 03/2026

Fund Literature

Displaying - of
document name audience updated order code