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Form NPORT-P Ivy Variable Insurance For: Mar 31

May 27, 2022 2:37 PM EDT

  
    NPORT-P
    false
    
      
      
        
          0000810016
          XXXXXXXX
        
      
      
      
      
        S000006242
        C000190649
        C000017176
      
      
    
  
  
    
      Ivy Variable Insurance Portfolios
      811-05017
      0000810016
      72XHPUAYSOH6ROSGJT53
      6300 LAMAR AVE
      OVERLAND PARK
      
      66202
      9132362000
      Delaware Ivy VIP High Income
      S000006242
      HOEHMHXH7KXIOFMGI146
      2022-12-31
      2022-03-31
      N
    
    
      930709907.03
      60422620.97
      870287286.06
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      755000.00000000
      0.00000000
      0.00000000
      2752348.93000000
      
        
          USD
          
          
        
      
      
      
      
        
        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
          
            UST
          
        
      
      
        
          
          
        
        
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
        
        
        
        
      
      
      
      
      
      
    
    
      
        ASBURY AUTOMOTIVE GROUP
        549300JH4DTA7U42GL91
        Asbury Automotive Group Inc
        043436AW4
        
          
          
        
        85000.00000000
        PA
        USD
        79260.80000000
        0.009107429382
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2029-11-15
          Fixed
          4.62500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        ALTICE FRANCE SA
        5493001ZMCICV4N02J21
        Altice France SA/France
        02156LAH4
        
          
          
        
        1292000.00000000
        PA
        USD
        1161042.88000000
        0.133409151046
        Long
        DBT
        CORP
        FR
        N
        
        2
        
          2029-10-15
          Fixed
          5.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        LSF9 ATL HLDG/VICTRA FIN
        N/A
        LSF9 Atlantis Holdings LLC / Victra Finance Corp
        50220MAA8
        
          
          
        
        4013000.00000000
        PA
        USD
        3861709.90000000
        0.443728175954
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2026-02-15
          Fixed
          7.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        OFFSHORE GROUP ESCROW
        N/A
        OFFSHORE GROUP ESCROW
        000000000
        
          
        
        1693000.00000000
        PA
        USD
        0.02000000
        0.000000002298
        Long
        DBT
        CORP
        US
        N
        
        3
        
          2022-12-01
          None
          0.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        CALIFORNIA RESOURCES CORP
        5493003Q8F0T4F4YMR48
        CALIFORNIA RESOURCES -CW27
        13057Q123
        
          
          
        
        7744.00000000
        NS
        USD
        111436.16000000
        0.012804525791
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        SCIENTIFIC GAMES INTERNA
        RLTHESQ0RNFQJWPBJN60
        Scientific Games International Inc
        80874YBE9
        
          
          
        
        498000.00000000
        PA
        USD
        522723.21000000
        0.060063293853
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2029-11-15
          Fixed
          7.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        DIRECTV FINANCING LLC
        N/A
        Directv Financing LLC
        25460HAB8
        
          
          
        
        102914.99000000
        PA
        USD
        102925.69000000
        0.011826633762
        Long
        LON
        CORP
        US
        N
        
        2
        
          2027-08-02
          Floating
          5.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        FRONTIER COMMUNICATIONS
        N/A
        Frontier Communications Holdings LLC
        35908MAB6
        
          
          
        
        805000.00000000
        PA
        USD
        745699.68000000
        0.085684312748
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2030-01-15
          Fixed
          6.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Sabine Oil & Gas Holdings Inc
        N/A
        Sabine Oil & Gas Holdings Inc
        78532M104
        
          
          
        
        263.00000000
        NS
        USD
        325.80000000
        0.000037435914
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        iShares iBoxx High Yield Corporate Bond ETF
        N/A
        iShares iBoxx High Yield Corporate Bond ETF
        464288513
        
          
          
        
        290000.00000000
        NS
        USD
        23864100.00000000
        2.742094522377
        Long
        EC
        RF
        US
        N
        
        1
        
          N
          N
          
        
      
      
        MAYFIELD AGENCY BORROWER
        N/A
        Amynta Agency Borrower Inc
        57810JAC2
        
          
          
        
        8671486.50000000
        PA
        USD
        8602834.34000000
        0.988505115241
        Long
        LON
        CORP
        US
        N
        
        2
        
          2025-02-28
          Floating
          4.75400000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        WEATHERFORD INTERNATIONA
        549300A2JKMG5PGOGF82
        Weatherford International Ltd
        947075AU1
        
          
          
        
        443000.00000000
        PA
        USD
        450316.15000000
        0.051743390626
        Long
        DBT
        CORP
        BM
        
        N
        
        2
        
          2030-04-30
          Fixed
          8.62500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        COMSTOCK RESOURCES INC
        I03QQGEA4SS774AURI46
        Comstock Resources Inc
        205768AS3
        
          
          
        
        3716000.00000000
        PA
        USD
        3838182.08000000
        0.441024721546
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2029-03-01
          Fixed
          6.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        CLEAR CHANNEL OUTDOOR HO
        N/A
        Clear Channel Outdoor Holdings Inc
        18453HAA4
        
          
          
        
        5583000.00000000
        PA
        USD
        5532753.00000000
        0.635738690961
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2027-08-15
          Fixed
          5.12500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Hexion Holding Corp
        54930030FZF8HYAEHM46
        Hexion Inc
        000000000
        
          
        
        3665000.00000000
        PA
        USD
        3555050.00000000
        0.408491547210
        Long
        LON
        CORP
        US
        N
        
        2
        
          2030-03-15
          Floating
          7.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        DISH DBS CORP
        N/A
        DISH DBS Corp
        25470XAY1
        
          
          
        
        188000.00000000
        PA
        USD
        187012.06000000
        0.021488543265
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2026-07-01
          Fixed
          7.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        STUDIO CITY INTL ADR
        N/A
        STUDIO CITY INTL ADR
        000000000
        
          
        
        581459.00000000
        NS
        USD
        3393685.45000000
        0.389950020454
        Long
        EC
        CORP
        KY
        
        N
        
        1
        
          N
          N
          N
        
      
      
        PUERTO RICO CMWLTH
        549300X44HXPLJU48U63
        Commonwealth of Puerto Rico
        74514L3N5
        
          
        
        150322.90540000
        PA
        USD
        143314.85000000
        0.016467533456
        Long
        DBT
        MUN
        US
        
        N
        
        2
        
          2041-07-01
          Fixed
          4.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        EPIC CRUDE SERVICES LP
        549300FRS682IQ7J9S42
        EPIC Crude Services LP
        29428XAB6
        
          
          
        
        2878910.30150000
        PA
        USD
        2481859.63000000
        0.285177052423
        Long
        LON
        CORP
        US
        N
        
        2
        
          2026-03-01
          Floating
          5.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        EVERI HOLDINGS INC
        5299006DK5S7BG10K532
        Everi Holdings Inc
        30034TAA1
        
          
          
        
        975000.00000000
        PA
        USD
        924860.63000000
        0.106270727472
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2029-07-15
          Fixed
          5.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        HEXION INC
        54930030FZF8HYAEHM46
        Hexion Inc
        000000000
        
          
        
        905000.00000000
        PA
        USD
        887465.63000000
        0.101973870492
        Long
        LON
        CORP
        US
        N
        
        2
        
          2029-03-15
          Floating
          5.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        NORTHWEST FIBER LLC/NORT
        N/A
        Northwest Fiber LLC / Northwest Fiber Finance Sub Inc
        667449AA0
        
          
          
        
        1327000.00000000
        PA
        USD
        1384963.36000000
        0.159138641019
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2028-06-01
          Fixed
          10.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        FRONTIER COMMUNICATIONS
        N/A
        Frontier Communications Holdings LLC
        35906ABE7
        
          
          
        
        316000.00000000
        PA
        USD
        314274.64000000
        0.036111597289
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2027-10-15
          Fixed
          5.87500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        PERFORMANCE FOOD GROUP I
        549300OMUOGBYK0FFO76
        Performance Food Group Inc
        71376LAE0
        
          
          
        
        5216000.00000000
        PA
        USD
        4759600.00000000
        0.546899865853
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2029-08-01
          Fixed
          4.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        PECF USS INTERMEDIATE HO
        N/A
        PECF USS Intermediate Holding III Corp
        69291HAA3
        
          
          
        
        1330000.00000000
        PA
        USD
        1286043.50000000
        0.147772295493
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2029-11-15
          Fixed
          8.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        COMPASS GROUP DIVERSIFIE
        549300I6PTUQPX21TE93
        Compass Group Diversified Holdings LLC
        20451RAB8
        
          
          
        
        6378000.00000000
        PA
        USD
        6003196.83000000
        0.689794844318
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2029-04-15
          Fixed
          5.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        CONSENSUS CLOUD SOLUTION
        N/A
        Consensus Cloud Solutions Inc
        20848VAB1
        
          
          
        
        1992000.00000000
        PA
        USD
        1983205.32000000
        0.227879385550
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2028-10-15
          Fixed
          6.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        CPC ACQUISITION CORP
        254900UFA4AMH3PZZW32
        Cpc Acquisition Corp
        44931VAH6
        
          
          
        
        504000.00000000
        PA
        USD
        487620.00000000
        0.056029774053
        Long
        LON
        CORP
        US
        N
        
        2
        
          2028-12-29
          Floating
          8.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        DISH DBS CORP
        N/A
        DISH DBS Corp
        25470XBF1
        
          
          
        
        4555000.00000000
        PA
        USD
        4318709.38000000
        0.496239511845
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2028-12-01
          Fixed
          5.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        ASCENT RESOURCES/ARU FIN
        N/A
        Ascent Resources Utica Holdings LLC / ARU Finance Corp
        04364VAU7
        
          
          
        
        809000.00000000
        PA
        USD
        800926.18000000
        0.092030090848
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2029-06-30
          Fixed
          5.87500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        CROWNROCK LP/CROWNROCK F
        N/A
        CrownRock LP / CrownRock Finance Inc
        228701AG3
        
          
          
        
        792000.00000000
        PA
        USD
        793683.00000000
        0.091197816251
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2029-05-01
          Fixed
          5.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        PRIME SECSRVC BRW/FINANC
        N/A
        Prime Security Services Borrower LLC / Prime Finance Inc
        74166MAE6
        
          
          
        
        2158000.00000000
        PA
        USD
        2115314.76000000
        0.243059366014
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2028-01-15
          Fixed
          6.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        WINDSTREAM ESCROW LLC
        N/A
        Windstream Escrow LLC / Windstream Escrow Finance Corp
        97382WAA1
        
          
          
        
        6396000.00000000
        PA
        USD
        6521841.30000000
        0.749389472242
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2028-08-15
          Fixed
          7.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        ASBURY AUTOMOTIVE GROUP
        549300JH4DTA7U42GL91
        Asbury Automotive Group Inc
        043436AU8
        
          
          
        
        2576930.00000000
        PA
        USD
        2480810.51000000
        0.285056503724
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2028-03-01
          Fixed
          4.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        BELLATRIX EXPLORATION
        549300S2235IL73TH941
        Bellatrix Exploration Ltd
        078314AF8
        
          
        
        1022000.00000000
        PA
        USD
        0.01000000
        0.000000001149
        Long
        DBT
        CORP
        CA
        N
        
        3
        
          2023-09-11
          Fixed
          8.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        NCR CORP
        549300YKTY8JX1DV2R67
        NCR Corp
        62886EAY4
        
          
          
        
        2287000.00000000
        PA
        USD
        2193781.88000000
        0.252075597924
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2028-10-01
          Fixed
          5.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        CSC HOLDINGS LLC
        3HG2WD2W22M120IUNG49
        CSC Holdings LLC
        126307BK2
        
          
          
        
        2381000.00000000
        PA
        USD
        1999325.70000000
        0.229731691135
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2031-11-15
          Fixed
          5.00000000
          N
          N
          N
        
        
          N
          N
          
        
      
      
        VICTORIA'S SECRET & CO
        5493006T3O70U3UWVF17
        Victoria's Secret & Co
        926400AA0
        
          
          
        
        4478000.00000000
        PA
        USD
        4038596.25000000
        0.464053228708
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2029-07-15
          Fixed
          4.62500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        P&L DEV LLC/PLD FIN CORP
        N/A
        P&L Development LLC / PLD Finance Corp
        69306RAA4
        
          
          
        
        4958000.00000000
        PA
        USD
        4576531.48000000
        0.525864453417
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2025-11-15
          Fixed
          7.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        PUERTO RICO CMWLTH
        549300X44HXPLJU48U63
        Commonwealth of Puerto Rico
        74514L3P0
        
          
        
        156333.75070000
        PA
        USD
        147729.14000000
        0.016974755619
        Long
        DBT
        MUN
        US
        
        N
        
        2
        
          2046-07-01
          Fixed
          4.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        PAR PHARMACEUTICAL INC
        549300KK5WR4MGN4YT97
        Par Pharmaceutical Inc
        69888XAA7
        
          
          
        
        2936000.00000000
        PA
        USD
        2744631.52000000
        0.315370747563
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2027-04-01
          Fixed
          7.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        KRONOS ACQ / KIK CUSTOM
        N/A
        Kronos Acquisition Holdings Inc / KIK Custom Products Inc
        50106GAE2
        
          
          
        
        2411000.00000000
        PA
        USD
        2229090.05000000
        0.256132668568
        Long
        DBT
        CORP
        US
        
        N
        
        2
        
          2026-12-31
          Fixed
          5.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        WATERBRIDGE MIDSTREAM OP
        549300DVU86VSP486341
        WaterBridge Midstream Operating LLC
        94120XAB1
        
          
          
        
        1987656.37000000
        PA
        USD
        1921282.56000000
        0.220764176470
        Long
        LON
        CORP
        US
        N
        
        2
        
          2026-06-21
          Floating
          6.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        CROWNROCK LP/CROWNROCK F
        N/A
        CrownRock LP / CrownRock Finance Inc
        228701AF5
        
          
          
        
        5764000.00000000
        PA
        USD
        5881009.20000000
        0.675754925321
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2025-10-15
          Fixed
          5.62500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        CVR ENERGY INC
        529900SOYZIXZBTXB558
        CVR Energy Inc
        12662PAB4
        
          
          
        
        1531000.00000000
        PA
        USD
        1488721.44000000
        0.171060920209
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2025-02-15
          Fixed
          5.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        TRUE RELIGION COMMON
        N/A
        TRUE RELIGION COMMON
        000000000
        
          
        
        22.94300000
        NS
        USD
        456996.41000000
        0.052510983133
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        NAVACORD CORP
        N/A
        Navacord Corp
        000000000
        
          
          
        
        2585903.32000000
        PA
        
        2023226.56000000
        0.232478009550
        Long
        LON
        CORP
        CA
        N
        
        2
        
          2029-03-16
          Floating
          8.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        TRANSDIGM INC
        88Q84GB3X55CF5OC7582
        TransDigm Inc
        893647BP1
        
          
          
        
        1597000.00000000
        PA
        USD
        1495167.30000000
        0.171801579081
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2029-01-15
          Fixed
          4.62500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        DELUXE CORP
        KWGNKB8TX9LE5TV29231
        Deluxe Corp
        248019AU5
        
          
          
        
        2083000.00000000
        PA
        USD
        2118400.59000000
        0.243413942031
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2029-06-01
          Fixed
          8.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        CLEAR CHANNEL INTL BV
        N/A
        Clear Channel International BV
        18452MAB2
        
          
          
        
        572000.00000000
        PA
        USD
        582725.00000000
        0.066957774672
        Long
        DBT
        CORP
        NL
        
        N
        
        2
        
          2025-08-01
          Fixed
          6.62500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        PREMIER ENTERTAINMENT SU
        N/A
        Premier Entertainment Sub LLC / Premier Entertainment Finance Corp
        74052HAA2
        
          
          
        
        4699000.00000000
        PA
        USD
        4048094.52000000
        0.465144623487
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2029-09-01
          Fixed
          5.62500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        LEALAND FINANCE CO BV
        N/A
        Lealand Finance Co BV
        000000000
        
          
          
        
        95214.89000000
        PA
        USD
        59509.31000000
        0.006837892607
        Long
        LON
        CORP
        NL
        
        N
        
        2
        
          2024-06-30
          Floating
          3.45510000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        DIG INTL FIN/DIG INTL HL
        N/A
        Digicel International Finance Ltd/Digicel international Holdings Ltd
        25381XAC7
        
          
          
        
        1474249.00000000
        PA
        USD
        1373277.69000000
        0.157795903949
        Long
        DBT
        CORP
        N/A
        N
        
        2
        
          2026-12-31
          Fixed
          8.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        CABLEVISION LIGHTPATH
        5493002ZVBLRLGES1R71
        Cablevision Lightpath LLC
        12687GAB5
        
          
          
        
        1225000.00000000
        PA
        USD
        1120078.75000000
        0.128702184662
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2028-09-15
          Fixed
          5.62500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        GRUPO AEROMEXICO SAB
        N/A
        Grupo Aeromexico SAB de CV
        40054JAA7
        
          
          
        
        2855000.00000000
        PA
        USD
        2875092.89000000
        0.330361357226
        Long
        DBT
        CORP
        MX
        N
        
        2
        
          2027-03-17
          Fixed
          8.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        PUERTO RICO CMWLTH
        549300X44HXPLJU48U63
        Commonwealth of Puerto Rico
        74514L3M7
        
          
        
        110562.68400000
        PA
        USD
        106516.09000000
        0.012239187186
        Long
        DBT
        MUN
        US
        
        N
        
        2
        
          2037-07-01
          Fixed
          4.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        FERTITTA ENTERTAINMENT
        N/A
        Fertitta Entertainment LLC / Fertitta Entertainment Finance Co Inc
        31556TAC3
        
          
          
        
        4745000.00000000
        PA
        USD
        4371260.08000000
        0.502277828254
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2030-01-15
          Fixed
          6.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        VISTRA CORP
        549300KP43CPCUJOOG15
        Vistra Corp
        92840MAC6
        
          
          
        
        5695000.00000000
        PA
        USD
        5554361.98000000
        0.638221661854
        Long
        DBT
        CORP
        US
        N
        
        2
        
          N/A
          Fixed
          7.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        GENESIS ENERGY LP/FIN
        N/A
        Genesis Energy LP / Genesis Energy Finance Corp
        37185LAL6
        
          
          
        
        3335000.00000000
        PA
        USD
        3357678.00000000
        0.385812599331
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2028-02-01
          Fixed
          7.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        CHEMOURS CO
        549300M1BOLNXL8DOV14
        Chemours Co/The
        163851AF5
        
          
          
        
        3640000.00000000
        PA
        USD
        3540737.20000000
        0.406846940856
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2028-11-15
          Fixed
          5.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        DREYFUS INST PREF GOVT PLUS MMF - SL #4134
        N/A
        DREYFUS INST PREF GOVT PLUS MMF - SL #4134
        000000000
        
          
          
        
        48226312.98000000
        NS
        USD
        48226312.98000000
        5.541424510328
        Long
        STIV
        RF
        US
        N
        
        1
        
          
          N
          N
        
      
      
        ASCENT RESOURCES/ARU FIN
        N/A
        Ascent Resources Utica Holdings LLC / ARU Finance Corp
        04364VAR4
        
          
          
        
        157000.00000000
        PA
        USD
        165094.14000000
        0.018970073749
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2028-12-31
          Fixed
          8.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MOZART DEBT MERGER SUB
        N/A
        Mozart Debt Merger Sub Inc
        62482BAA0
        
          
          
        
        4981000.00000000
        PA
        USD
        4613775.78000000
        0.530143994276
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2029-04-01
          Fixed
          3.87500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        TENET HEALTHCARE CORP
        0W9AIBT6U6ADJ2I8HK17
        Tenet Healthcare Corp
        88033GDN7
        
          
          
        
        3810000.00000000
        PA
        USD
        3662229.15000000
        0.420806923031
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2030-01-15
          Fixed
          4.37500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        CHS/COMMUNITY HEALTH SYS
        5493007X5NC5XI1BB106
        CHS/Community Health Systems Inc
        12543DBK5
        
          
          
        
        3000000.00000000
        PA
        USD
        2839170.00000000
        0.326233652436
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2031-02-15
          Fixed
          4.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        COMSTOCK RESOURCES INC
        I03QQGEA4SS774AURI46
        Comstock Resources Inc
        205768AT1
        
          
          
        
        1937000.00000000
        PA
        USD
        1910850.50000000
        0.219565484938
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2030-01-15
          Fixed
          5.87500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        ARCHES BUYER INC
        2549009ADY4208OH2Y47
        Arches Buyer Inc
        039524AA1
        
          
          
        
        4746000.00000000
        PA
        USD
        4433143.68000000
        0.509388537671
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2028-06-01
          Fixed
          4.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        CHESAPEAKE ENERGY CORP
        X2MT1W32SPAZ9WSKLE78
        Chesapeake Energy Corp
        165167DG9
        
          
          
        
        1202000.00000000
        PA
        USD
        1242819.92000000
        0.142805707943
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2029-02-01
          Fixed
          5.87500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MAJORDRIVE HOLDINGS IV L
        N/A
        MajorDrive Holdings IV LLC
        56085RAA8
        
          
          
        
        6450000.00000000
        PA
        USD
        5720827.50000000
        0.657349313454
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2029-06-01
          Fixed
          6.37500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        CARNIVAL CORP
        F1OF2ZSX47CR0BCWA982
        Carnival Corp
        143658BG6
        
          
          
        
        394000.00000000
        PA
        USD
        438760.37000000
        0.050415578513
        Long
        DBT
        CORP
        PA
        
        N
        
        2
        
          2026-02-01
          Fixed
          10.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MURPHY OIL CORP
        QBKYQD0ODE7DC7PDIN91
        Murphy Oil Corp
        626717AN2
        
          
          
        
        643000.00000000
        PA
        USD
        669822.75000000
        0.076965705546
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2028-07-15
          Fixed
          6.37500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        KCA DEUTAG UK FINANCE PL
        529900T5G3VI71LSI184
        KCA Deutag UK Finance PLC
        000000000
        
          
          
        
        1338735.00000000
        PA
        USD
        1384894.58000000
        0.159130737881
        Long
        DBT
        CORP
        GB
        N
        
        2
        
          2025-12-01
          Fixed
          9.87500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MOZART DEBT MERGER SUB
        N/A
        Mozart Debt Merger Sub Inc
        62482BAB8
        
          
          
        
        884000.00000000
        PA
        USD
        822959.80000000
        0.094561854824
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2029-10-01
          Fixed
          5.25000000
          N
          N
          N
        
        
          N
          N
          
        
      
      
        ASCENT RESOURCES/ARU FIN
        N/A
        Ascent Resources Utica Holdings LLC / ARU Finance Corp
        04364VAG8
        
          
          
        
        1898000.00000000
        PA
        USD
        1949606.62000000
        0.224018740848
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2026-11-01
          Fixed
          7.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        CHS/COMMUNITY HEALTH SYS
        5493007X5NC5XI1BB106
        CHS/Community Health Systems Inc
        12543DBM1
        
          
          
        
        1600000.00000000
        PA
        USD
        1538000.00000000
        0.176723252727
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2030-05-15
          Fixed
          5.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        GENESIS ENERGY LP/FIN
        N/A
        Genesis Energy LP / Genesis Energy Finance Corp
        37185LAM4
        
          
          
        
        5255000.00000000
        PA
        USD
        5411704.10000000
        0.621829617263
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2027-01-15
          Fixed
          8.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MLN US HOLDCO LLC
        549300QKU7NPW6O86862
        MLN US Holdco LLC
        55292HAB9
        
          
          
        
        8810890.41000000
        PA
        USD
        8506641.55000000
        0.977452122564
        Long
        LON
        CORP
        US
        N
        
        2
        
          2025-11-30
          Floating
          5.00430000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        CALPINE CORP
        43R4VPJBXTU2O15HEF41
        Calpine Corp
        131347CP9
        
          
          
        
        720000.00000000
        PA
        USD
        663685.20000000
        0.076260472907
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2029-02-01
          Fixed
          4.62500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        HESS MIDSTREAM OPERATION
        N/A
        Hess Midstream Operations LP
        428102AE7
        
          
          
        
        654000.00000000
        PA
        USD
        618226.20000000
        0.071037025348
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2030-02-15
          Fixed
          4.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        NAVACORD CORP
        N/A
        Navacord Corp
        000000000
        
          
          
        
        1159370.65000000
        PA
        
        908837.53000000
        0.104429599806
        Long
        LON
        CORP
        CA
        N
        
        2
        
          2028-03-16
          Floating
          5.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        BAUSCH HEALTH COS INC
        B3BS7ACMDUWISF18KY76
        Bausch Health Cos Inc
        071734AP2
        
          
          
        
        3140000.00000000
        PA
        USD
        3163691.30000000
        0.363522637946
        Long
        DBT
        CORP
        CA
        
        N
        
        2
        
          2027-02-01
          Fixed
          6.12500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        COVIS FINCO SARL
        549300NNIZ3SBBEUQM24
        Covis Finco Sarl
        000000000
        
          
          
        
        3470000.00000000
        PA
        USD
        3192400.00000000
        0.366821399224
        Long
        LON
        CORP
        LU
        
        N
        
        2
        
          2027-02-14
          Floating
          7.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        SEASPAN CORP
        5493007Z8Q1H45KT7W98
        Seaspan Corp
        81254UAK2
        
          
          
        
        3917000.00000000
        PA
        USD
        3670444.44000000
        0.421750897524
        Long
        DBT
        CORP
        MH
        
        N
        
        2
        
          2029-08-01
          Fixed
          5.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        NCR CORP
        549300YKTY8JX1DV2R67
        NCR Corp
        62886EAV0
        
          
          
        
        983000.00000000
        PA
        USD
        987639.76000000
        0.113484337392
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2029-09-01
          Fixed
          6.12500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        ROYAL CARIBBEAN CRUISES
        K2NEH8QNVW44JIWK7Z55
        Royal Caribbean Cruises Ltd
        780153BG6
        
          
          
        
        7169000.00000000
        PA
        USD
        6843993.39000000
        0.786406224659
        Long
        DBT
        CORP
        LR
        
        N
        
        2
        
          2028-04-01
          Fixed
          5.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        TRANSDIGM INC
        88Q84GB3X55CF5OC7582
        TransDigm Inc
        893647BH9
        
          
          
        
        2709000.00000000
        PA
        USD
        2795051.39000000
        0.321164221834
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2027-03-15
          Fixed
          7.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        PETSMART INC/PETSMART FI
        N/A
        PetSmart Inc / PetSmart Finance Corp
        71677KAB4
        
          
          
        
        868000.00000000
        PA
        USD
        897268.96000000
        0.103100318064
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2029-02-15
          Fixed
          7.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        EQM MIDSTREAM PARTNERS L
        549300NELT611CL6XM83
        EQM Midstream Partners LP
        26885BAL4
        
          
          
        
        4640000.00000000
        PA
        USD
        4345406.40000000
        0.499307121866
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2031-01-15
          Fixed
          4.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        PUERTO RICO CMWLTH
        549300X44HXPLJU48U63
        Commonwealth of Puerto Rico
        74514L3R6
        
          
        
        184432.87250000
        PA
        USD
        106797.70000000
        0.012271545466
        Long
        DBT
        MUN
        US
        
        N
        
        2
        
          2033-07-01
          None
          0.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        CARNIVAL CORP
        F1OF2ZSX47CR0BCWA982
        Carnival Corp
        143658BL5
        
          
          
        
        793000.00000000
        PA
        USD
        799106.10000000
        0.091820955309
        Long
        DBT
        CORP
        PA
        
        N
        
        2
        
          2026-03-01
          Fixed
          7.62500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        CALPINE CORP
        43R4VPJBXTU2O15HEF41
        Calpine Corp
        131347CN4
        
          
          
        
        1460000.00000000
        PA
        USD
        1393445.90000000
        0.160113323763
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2028-03-15
          Fixed
          5.12500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        ADVANTAGE SALES & MARKETING
        549300T4O24KQDED1182
        Advantage Sales & Marketing Inc
        00769EAZ3
        
          
          
        
        7327189.46000000
        PA
        USD
        7274067.34000000
        0.835823693682
        Long
        LON
        CORP
        US
        N
        
        2
        
          2027-10-28
          Floating
          5.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        TELESAT CANADA/TELESAT L
        N/A
        Telesat Canada / Telesat LLC
        87952VAR7
        
          
          
        
        6406000.00000000
        PA
        USD
        4898668.20000000
        0.562879439751
        Long
        DBT
        CORP
        CA
        N
        
        2
        
          2026-12-06
          Fixed
          5.62500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        LITHIA MOTORS INC
        SE8N1EZEHPZQBCBVKD53
        Lithia Motors Inc
        536797AF0
        
          
          
        
        1271000.00000000
        PA
        USD
        1230658.46000000
        0.141408300421
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2031-01-15
          Fixed
          4.37500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        ROYAL CARIBBEAN CRUISES
        K2NEH8QNVW44JIWK7Z55
        Royal Caribbean Cruises Ltd
        780153BK7
        
          
          
        
        6644000.00000000
        PA
        USD
        6393222.22000000
        0.734610550148
        Long
        DBT
        CORP
        LR
        
        N
        
        2
        
          2027-07-15
          Fixed
          5.37500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        DIG INTL FIN/DIG INTL HL
        N/A
        Digicel International Finance Ltd/Digicel international Holdings Ltd
        25381XAB9
        
          
          
        
        767124.00000000
        PA
        USD
        762225.91000000
        0.087583252359
        Long
        DBT
        CORP
        N/A
        N
        
        2
        
          2025-12-31
          Fixed
          13.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        ADVANTAGE SALES & MARKET
        549300T4O24KQDED1182
        Advantage Sales & Marketing Inc
        00775PAA5
        
          
          
        
        5940000.00000000
        PA
        USD
        5633377.20000000
        0.647300872968
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2028-11-15
          Fixed
          6.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        PUERTO RICO CMWLTH
        549300X44HXPLJU48U63
        Commonwealth of Puerto Rico
        74514L3K1
        
          
        
        143315.21770000
        PA
        USD
        140281.23000000
        0.016118956607
        Long
        DBT
        MUN
        US
        
        N
        
        2
        
          2033-07-01
          Fixed
          4.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        PUERTO RICO CMWLTH
        549300X44HXPLJU48U63
        Commonwealth of Puerto Rico
        74514L3E5
        
          
        
        160061.99260000
        PA
        USD
        164004.32000000
        0.018844848434
        Long
        DBT
        MUN
        US
        
        N
        
        2
        
          2023-07-01
          Fixed
          5.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        CLEAR CHANNEL OUTDOOR HO
        N/A
        Clear Channel Outdoor Holdings Inc
        18453HAC0
        
          
          
        
        2016000.00000000
        PA
        USD
        2028831.84000000
        0.233122081925
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2028-04-15
          Fixed
          7.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        ARDONAGH MIDCO 2 PLC
        9845003AD1386OH58D80
        Ardonagh Midco 2 PLC
        03985RAA1
        
          
          
        
        7558146.00000000
        PA
        USD
        8049425.49000000
        0.924915900638
        Long
        DBT
        CORP
        GB
        N
        
        2
        
          2027-01-15
          Fixed
          11.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        CCO HLDGS LLC/CAP CORP
        N/A
        CCO Holdings LLC / CCO Holdings Capital Corp
        1248EPCQ4
        
          
          
        
        3290000.00000000
        PA
        USD
        3068648.80000000
        0.352601818865
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2032-02-01
          Fixed
          4.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        RATTLER MIDSTREAM LP
        549300I45NRVEEN9M219
        Rattler Midstream LP
        75419TAA1
        
          
          
        
        1528000.00000000
        PA
        USD
        1552921.68000000
        0.178437822185
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2025-07-15
          Fixed
          5.62500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        HADRIAN MERGER SUB
        N/A
        Hadrian Merger Sub Inc
        42239PAA7
        
          
          
        
        509000.00000000
        PA
        USD
        512967.60000000
        0.058942329529
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2026-05-01
          Fixed
          8.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        SC GAMES HOLDIN/US FINCO
        N/A
        Scientific Games Holdings LP/Scientific Games US FinCo Inc
        80874DAA4
        
          
          
        
        4515000.00000000
        PA
        USD
        4456305.00000000
        0.512049879548
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2030-03-01
          Fixed
          6.62500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        CLEAR CHANNEL OUTDOOR HO
        N/A
        Clear Channel Outdoor Holdings Inc
        18453HAD8
        
          
          
        
        2657000.00000000
        PA
        USD
        2654422.71000000
        0.305005341628
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2029-06-01
          Fixed
          7.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        ALTICE FRANCE HOLDING SA
        5299000JVHXKJPOE6H40
        Altice France Holding SA
        02156TAB0
        
          
          
        
        4453000.00000000
        PA
        USD
        4665408.10000000
        0.536076784612
        Long
        DBT
        CORP
        LU
        N
        
        2
        
          2027-05-15
          Fixed
          10.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        CSC HOLDINGS LLC
        3HG2WD2W22M120IUNG49
        CSC Holdings LLC
        126307BD8
        
          
          
        
        7234000.00000000
        PA
        USD
        6059704.78000000
        0.696287866898
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2030-12-01
          Fixed
          4.62500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        APPLIED SYSTEMS INC
        549300NSKGF0SY5SWQ62
        Applied Systems Inc
        03827FBA8
        
          
          
        
        4178380.44000000
        PA
        USD
        4166630.83000000
        0.478764989071
        Long
        LON
        CORP
        US
        N
        
        2
        
          2025-09-19
          Floating
          6.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        LIGADO NETWORKS LLC
        N/A
        Ligado Networks LLC
        53225HAA8
        
          
          
        
        7689466.89000000
        PA
        USD
        5853068.41000000
        0.672544400424
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2023-11-01
          Fixed
          15.50000000
          N
          N
          Y
        
        
          N
          N
          N
        
      
      
        LAREDO PETROLEUM INC
        549300X0PTWU2QSLSL14
        Laredo Petroleum Inc
        516806AG1
        
          
          
        
        2876000.00000000
        PA
        USD
        3094101.46000000
        0.355526446216
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2028-01-15
          Fixed
          10.12500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        TRANSDIGM INC
        88Q84GB3X55CF5OC7582
        TransDigm Inc
        893647BL0
        
          
          
        
        7030000.00000000
        PA
        USD
        6986027.35000000
        0.802726577981
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2027-11-15
          Fixed
          5.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        GDB DEBT RECOVERY AUTH OF CMWL
        N/A
        GDB Debt Recovery Authority of Puerto Rico
        36829QAA3
        
          
          
        
        4815668.53000000
        PA
        USD
        4526728.42000000
        0.520141853444
        Long
        DBT
        MUN
        US
        
        N
        
        2
        
          2040-08-20
          Fixed
          7.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        FORM TECHNOLOGIES LLC
        X7KHAIMGSSPZ1XIJIL51
        Form Technologies LLC
        000000000
        
          
        
        11973430.51000000
        PA
        USD
        11928530.15000000
        1.370642814283
        Long
        LON
        CORP
        US
        N
        
        2
        
          2025-07-22
          Floating
          5.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MINERVA MERGER SUB INC
        N/A
        Minerva Merger Sub Inc
        60337JAA4
        
          
          
        
        4505000.00000000
        PA
        USD
        4376066.90000000
        0.502830153915
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2030-02-15
          Fixed
          6.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        VISTRA CORP
        549300KP43CPCUJOOG15
        Vistra Corp
        92840MAB8
        
          
          
        
        3650000.00000000
        PA
        USD
        3691062.50000000
        0.424120007165
        Long
        DBT
        CORP
        US
        N
        
        2
        
          N/A
          Fixed
          8.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        CALLON PETROLEUM CO
        549300EFOWPEB0WLZW21
        Callon Petroleum Co
        13123XAT9
        
          
          
        
        1081000.00000000
        PA
        USD
        1077103.00000000
        0.123764073915
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2024-10-01
          Fixed
          6.12500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Vantage Drilling International
        549300T9QN1134QR7185
        Vantage Drilling International
        000000000
        
          
          
          
        
        452.00000000
        NS
        USD
        4633.00000000
        0.000532352945
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        MICHAELS COS INC/THE
        549300H9LWMBP7HYLR98
        Michaels Cos Inc/The
        59408UAB3
        
          
          
        
        2634134.90000000
        PA
        USD
        2469501.47000000
        0.283757043169
        Long
        LON
        CORP
        US
        N
        
        2
        
          2028-04-15
          Floating
          5.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        PETSMART INC/PETSMART FI
        N/A
        PetSmart Inc / PetSmart Finance Corp
        71677KAA6
        
          
          
        
        3959000.00000000
        PA
        USD
        3831243.07000000
        0.440227397477
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2028-02-15
          Fixed
          4.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        ASCENT RESOURCES UTICA
        549300EGLQ2M2CL7JZ89
        Ascent Resources Utica Holdings LLC
        000000000
        
          
        
        1233000.00000000
        PA
        USD
        1323933.75000000
        0.152126058969
        Long
        LON
        CORP
        US
        N
        
        2
        
          2025-11-01
          Floating
          10.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        UNITED PF HOLDINGS LLC
        2549002AF6PASVP2G486
        United PF Holdings LLC
        91132UAG8
        
          
          
        
        3905377.92000000
        PA
        USD
        3768689.69000000
        0.433039727267
        Long
        LON
        CORP
        US
        N
        
        2
        
          2026-12-30
          Floating
          4.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        CP ATLAS BUYER INC
        2549006ZZ07G0NDDCR36
        CP Atlas Buyer Inc
        12597YAA7
        
          
          
        
        1146000.00000000
        PA
        USD
        979360.14000000
        0.112532971087
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2028-12-01
          Fixed
          7.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        UKG INC
        529900FKHWSTQ1GXK240
        UKG Inc
        000000000
        
          
        
        5615000.00000000
        PA
        USD
        5591602.30000000
        0.642500745393
        Long
        LON
        CORP
        US
        N
        
        2
        
          2027-05-03
          Floating
          5.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        US RENAL CARE INC
        54930058SS5MF69JGN89
        US Renal Care Inc
        07335BAA4
        
          
          
        
        8340000.00000000
        PA
        USD
        7957194.00000000
        0.914318079495
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2027-07-15
          Fixed
          10.62500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MIDAS OPCO HOLDINGS LLC
        N/A
        Stagwell Global LLC
        59565JAA9
        
          
          
        
        4022000.00000000
        PA
        USD
        3799583.40000000
        0.436589556214
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2029-08-15
          Fixed
          5.62500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        CONSENSUS CLOUD SOLUTION
        N/A
        Consensus Cloud Solutions Inc
        20848VAA3
        
          
          
        
        1385000.00000000
        PA
        USD
        1376288.35000000
        0.158141842589
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2026-10-15
          Fixed
          6.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        PROVIDENT FDG/PFG FIN
        N/A
        Provident Funding Associates LP / PFG Finance Corp
        74387UAJ0
        
          
          
        
        6187000.00000000
        PA
        USD
        6090823.09000000
        0.699863503415
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2025-06-15
          Fixed
          6.37500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        POST HOLDINGS INC
        JM1I5YUAURL6DC8N1468
        Post Holdings Inc
        737446AR5
        
          
          
        
        1618000.00000000
        PA
        USD
        1435958.82000000
        0.164998253220
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2031-09-15
          Fixed
          4.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        FORESIGHT EXIT TL A
        N/A
        FORESIGHT EXIT TL A
        000000000
        
          
        
        1279504.78000000
        PA
        USD
        1285902.30000000
        0.147756070966
        Long
        LON
        CORP
        US
        N
        
        2
        
          2027-06-29
          Floating
          9.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        NEW COTAI EQUITY
        N/A
        NEW COTAI EQUITY
        000000000
        
          
        
        3298685.71000000
        PA
        USD
        7600156.95000000
        0.873292885204
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2027-02-02
          Fixed
          5.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        IVANTI SOFTWARE INC
        N/A
        Ivanti Software Inc
        46583DAF6
        
          
          
        
        408198.40000000
        PA
        USD
        402202.78000000
        0.046214943782
        Long
        LON
        CORP
        US
        N
        
        2
        
          2027-12-01
          Floating
          4.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        SPIRIT AIRLINES INC
        549300DCAFIXFNFR3304
        Spirit Airlines Inc
        848577AB8
        
          
          
        
        1356000.00000000
        PA
        USD
        1223112.00000000
        0.140541177561
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2026-05-15
          Fixed
          1.00000000
          N
          N
          N
          N
          Y
          
            
              Spirit Airlines Inc
              Spirit Airlines Inc
              USD
              
                
                
                
              
            
          
          
            
          
          XXXX
        
        
          N
          N
          N
        
      
      
        NCR CORP
        549300YKTY8JX1DV2R67
        NCR Corp
        62886EAU2
        
          
          
        
        772000.00000000
        PA
        USD
        773026.76000000
        0.088824319553
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2027-09-01
          Fixed
          5.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        KCA DEUTAG UK FINANCE PL
        529900T5G3VI71LSI184
        KCA Deutag UK Finance PLC
        000000000
        
          
          
        
        315000.00000000
        PA
        USD
        325861.20000000
        0.037442946164
        Long
        DBT
        CORP
        GB
        N
        
        2
        
          2025-12-01
          Fixed
          9.87500000
          N
          N
          N
        
        
          N
          N
          
        
      
      
        CLEAR CHANNEL OUTDOOR HO
        N/A
        Clear Channel Outdoor Holdings Inc
        18452RAD7
        
          
          
        
        10934.80000000
        PA
        USD
        10768.73000000
        0.001237376458
        Long
        LON
        CORP
        US
        N
        
        2
        
          2026-08-21
          Floating
          3.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        VTR COMUNICACIONES SPA
        213800XDZJKMC1AEUV94
        VTR Comunicaciones SpA
        918367AC7
        
          
          
        
        3166000.00000000
        PA
        USD
        2899027.05000000
        0.333111501964
        Long
        DBT
        CORP
        CL
        N
        
        2
        
          2029-04-15
          Fixed
          4.37500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        CRESTWOOD MID PARTNER LP
        N/A
        Crestwood Midstream Partners LP / Crestwood Midstream Finance Corp
        226373AP3
        
          
          
        
        801000.00000000
        PA
        USD
        805814.01000000
        0.092591724928
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2025-04-01
          Fixed
          5.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        CONSOLIDATED COMMUNICATI
        549300WW675Y48HDVX34
        Consolidated Communications Inc
        20903XAH6
        
          
          
        
        1129000.00000000
        PA
        USD
        973807.66000000
        0.111894965673
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2028-10-01
          Fixed
          5.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        ASBURY AUTOMOTIVE GROUP
        549300JH4DTA7U42GL91
        Asbury Automotive Group Inc
        043436AX2
        
          
          
        
        85000.00000000
        PA
        USD
        79128.20000000
        0.009092193034
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2032-02-15
          Fixed
          5.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        PUERTO RICO CMWLTH
        549300X44HXPLJU48U63
        Commonwealth of Puerto Rico
        74514L3L9
        
          
        
        128821.26660000
        PA
        USD
        124689.97000000
        0.014327449337
        Long
        DBT
        MUN
        US
        
        N
        
        2
        
          2035-07-01
          Fixed
          4.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        PRE-PAID LEGAL SERVICES
        549300DKH5WJ2J8QU878
        Pre-Paid Legal Services Inc
        000000000
        
          
        
        2245000.00000000
        PA
        USD
        2219743.75000000
        0.255058735839
        Long
        LON
        CORP
        US
        N
        
        2
        
          2029-12-15
          Floating
          7.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MODIVCARE ESCROW ISSUER
        N/A
        ModivCare Escrow Issuer Inc
        60783XAA2
        
          
          
        
        3472000.00000000
        PA
        USD
        3243212.56000000
        0.372659995377
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2029-10-01
          Fixed
          5.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        BIS INDUSTRIES (ARTSONIG)
        N/A
        BIS INDUSTRIES (ARTSONIG)
        000000000
        
          
        
        1604602.00000000
        NS
        USD
        0.00000000
        0.000000
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        COLGATE ENERGY P
        549300QRLZK0B17DH791
        Colgate Energy Partners III LLC
        19416MAB5
        
          
          
        
        646000.00000000
        PA
        USD
        667137.12000000
        0.076657114344
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2029-07-01
          Fixed
          5.87500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        WEST CORP
        5493005Z5DB0O5S30R71
        Intrado Corp
        68162RAC5
        
          
          
        
        14278032.14000000
        PA
        USD
        13094997.23000000
        1.504675230783
        Long
        LON
        CORP
        US
        N
        
        2
        
          2024-10-10
          Floating
          5.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        CHEPLAPHARM ARZNEIMITTEL
        529900ONXKBELT7EW052
        Cheplapharm Arzneimittel GmbH
        16412EAA5
        
          
          
        
        599000.00000000
        PA
        USD
        580697.50000000
        0.066724805624
        Long
        DBT
        CORP
        DE
        N
        
        2
        
          2028-01-15
          Fixed
          5.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        NAVACORD CORP
        N/A
        Navacord Corp
        000000000
        
          
          
        
        260096.68000000
        PA
        
        203501.23000000
        0.023383224512
        Long
        LON
        CORP
        CA
        N
        
        2
        
          2029-03-16
          Floating
          8.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        VISTAJET MALTA/XO MGMT
        N/A
        VistaJet Malta Finance PLC / XO Management Holding Inc
        92840JAB5
        
          
          
        
        9570000.00000000
        PA
        USD
        9016854.00000000
        1.036077872724
        Long
        DBT
        CORP
        N/A
        N
        
        2
        
          2030-02-01
          Fixed
          6.37500000
          N
          N
          N
        
        
          N
          N
          
        
      
      
        ARCHES BUYER INC
        2549009ADY4208OH2Y47
        Arches Buyer Inc
        039524AB9
        
          
          
        
        3964000.00000000
        PA
        USD
        3672150.50000000
        0.421946931641
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2028-12-01
          Fixed
          6.12500000
          N
          N
          N
        
        
          N
          N
          
        
      
      
        NIELSEN FINANCE LLC/CO
        N/A
        Nielsen Finance LLC / Nielsen Finance Co
        65409QBD3
        
          
          
        
        2343000.00000000
        PA
        USD
        2362446.90000000
        0.271455982161
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2028-10-01
          Fixed
          5.62500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        PUERTO RICO CMWLTH
        549300X44HXPLJU48U63
        Commonwealth of Puerto Rico
        74514L3F2
        
          
        
        159613.19250000
        PA
        USD
        168548.34000000
        0.019366977169
        Long
        DBT
        MUN
        US
        
        N
        
        2
        
          2025-07-01
          Fixed
          5.37500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MONEYGRAM INTERNATIONAL
        5299002DLX0Q04KC4156
        MoneyGram International Inc
        60935YAA7
        
          
          
        
        815000.00000000
        PA
        USD
        849441.90000000
        0.097604769552
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2026-08-01
          Fixed
          5.37500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        UNITED PF HOLDINGS LLC
        2549002AF6PASVP2G486
        United PF Holdings LLC
        91132UAK9
        
          
          
        
        928855.00000000
        PA
        USD
        926532.86000000
        0.106462874368
        Long
        LON
        CORP
        US
        N
        
        2
        
          2026-11-12
          Floating
          9.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        PREMIER ENTERTAINMENT SU
        N/A
        Premier Entertainment Sub LLC / Premier Entertainment Finance Corp
        74052HAB0
        
          
          
        
        3663000.00000000
        PA
        USD
        3133971.23000000
        0.360107665617
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2031-09-01
          Fixed
          5.87500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        GULF FINANCE LLC
        549300GL13V5C6ULWJ40
        Gulf Finance LLC
        40227UAC0
        
          
          
        
        4760288.39000000
        PA
        USD
        4375895.10000000
        0.502810413307
        Long
        LON
        CORP
        US
        N
        
        2
        
          2026-08-25
          Floating
          7.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        STONEX GROUP INC
        549300JUF07L8VF02M60
        StoneX Group Inc
        46116VAE5
        
          
          
        
        3835000.00000000
        PA
        USD
        3999866.65000000
        0.459603020068
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2025-06-15
          Fixed
          8.62500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        DIG INTL FIN/DIG INTL HL
        N/A
        Digicel International Finance Ltd/Digicel international Holdings Ltd
        25381VAA5
        
          
          
        
        11226000.00000000
        PA
        USD
        11187494.82000000
        1.285494456738
        Long
        DBT
        CORP
        N/A
        N
        
        2
        
          2024-05-25
          Fixed
          8.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        CARNIVAL CORP
        F1OF2ZSX47CR0BCWA982
        Carnival Corp
        143658BR2
        
          
          
        
        7316000.00000000
        PA
        USD
        6903889.72000000
        0.793288587640
        Long
        DBT
        CORP
        PA
        
        N
        
        2
        
          2029-05-01
          Fixed
          6.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        TARGA RESOURCES CORP
        5493003QENHHS261UR94
        Targa Resources Corp
        87612G606
        
          
          
        
        7514.00000000
        NS
        USD
        8111578.64000000
        0.932057582585
        Long
        EP
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        EDELMAN FINANCIAL CENTER
        549300Z31KZXNP05U733
        Edelman Financial Engines Center LLC/The
        27943TAB5
        
          
          
        
        6487000.00000000
        PA
        USD
        6414021.25000000
        0.737000454072
        Long
        LON
        CORP
        US
        N
        
        2
        
          2026-07-20
          Floating
          7.00890000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        TELESAT CANADA/TELESAT L
        N/A
        Telesat Canada / Telesat LLC
        87952VAM8
        
          
          
        
        1130000.00000000
        PA
        USD
        555112.50000000
        0.063784971800
        Long
        DBT
        CORP
        CA
        N
        
        2
        
          2027-10-15
          Fixed
          6.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        GAINWELL ACQUISITION COR
        N/A
        Gainwell Acquisition Corp
        59909TAC8
        
          
          
        
        2053753.02000000
        PA
        USD
        2046051.45000000
        0.235100694078
        Long
        LON
        CORP
        US
        N
        
        2
        
          2027-10-01
          Floating
          4.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        CERDIA FINANZ GMBH
        391200KURNDJSX9GX570
        Cerdia Finanz GmbH
        15679GAA0
        
          
          
        
        3160000.00000000
        PA
        USD
        2770846.00000000
        0.318382911526
        Long
        DBT
        CORP
        DE
        N
        
        2
        
          2027-02-15
          Fixed
          10.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        HUB INTERNATIONAL LTD
        549300JQT6ATTUNS5E06
        HUB International Ltd
        44332PAG6
        
          
          
        
        4516000.00000000
        PA
        USD
        4321337.82000000
        0.496541531654
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2029-12-01
          Fixed
          5.62500000
          N
          N
          N
        
        
          N
          N
          
        
      
      
        NAVACORD CORP
        N/A
        Navacord Corp
        000000000
        
          
          
        
        5090152.77000000
        PA
        
        3990200.95000000
        0.458492386814
        Long
        LON
        CORP
        CA
        N
        
        2
        
          2028-03-16
          Floating
          5.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        FRONTIER COMMUNICATIONS
        N/A
        Frontier Communications Holdings LLC
        35908MAA8
        
          
          
        
        1011498.00000000
        PA
        USD
        927422.29000000
        0.106565073953
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2029-11-01
          Fixed
          5.87500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        CONNECT FINCO SARL/CONNE
        N/A
        Connect Finco SARL / Connect US Finco LLC
        20752TAA2
        
          
          
        
        2223000.00000000
        PA
        USD
        2264558.99000000
        0.260208212422
        Long
        DBT
        CORP
        N/A
        N
        
        2
        
          2026-10-01
          Fixed
          6.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        PETSMART INC
        N/A
        PetSmart LLC
        71677HAL9
        
          
          
        
        7173950.00000000
        PA
        USD
        7152428.15000000
        0.821846792957
        Long
        LON
        CORP
        US
        N
        
        2
        
          2028-02-12
          Floating
          4.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        SPX FLOW INC
        5493003YXEKRBINIEM78
        SPX FLOW Inc
        000000000
        
          
        
        4685000.00000000
        PA
        USD
        4568605.86000000
        0.524953763335
        Long
        LON
        CORP
        US
        N
        
        2
        
          2029-03-18
          Floating
          5.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        NCR CORP
        549300YKTY8JX1DV2R67
        NCR Corp
        62886EAZ1
        
          
          
        
        782000.00000000
        PA
        USD
        742649.76000000
        0.085333862954
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2030-10-01
          Fixed
          5.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        US RENAL CARE INC
        54930058SS5MF69JGN89
        US Renal Care Inc
        90290PAN4
        
          
          
        
        7762504.25000000
        PA
        USD
        7167702.36000000
        0.823601869728
        Long
        LON
        CORP
        US
        N
        
        2
        
          2026-07-26
          Floating
          5.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        ENCOMPASS HEALTH CORP
        549300FVRPM9DRQZRG64
        Encompass Health Corp
        29261AAE0
        
          
          
        
        230000.00000000
        PA
        USD
        215683.65000000
        0.024783040434
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2031-04-01
          Fixed
          4.62500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        NCR CORP
        549300YKTY8JX1DV2R67
        NCR Corp
        62886EBA5
        
          
          
        
        8677000.00000000
        PA
        USD
        8352002.97000000
        0.959683440604
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2029-04-15
          Fixed
          5.12500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        WOLVERINE ESCROW LLC
        N/A
        Wolverine Escrow LLC
        97789LAC0
        
          
          
        
        6785000.00000000
        PA
        USD
        4557280.95000000
        0.523652479244
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2024-11-15
          Fixed
          8.50000000
          N
          N
          N
        
        
          N
          N
          
        
      
      
        DIRECTV FIN LLC/COINC
        N/A
        Directv Financing LLC / Directv Financing Co-Obligor Inc
        25461LAA0
        
          
          
        
        6662000.00000000
        PA
        USD
        6562569.65000000
        0.754069346423
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2027-08-15
          Fixed
          5.87500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        NEW COTAI EQUITY
        N/A
        NEW COTAI EQUITY
        000000000
        
          
        
        3072567.00000000
        NS
        USD
        2831672.19000000
        0.325372119684
        Long
        EC
        CORP
        US
        N
        
        3
        
          N
          N
          N
        
      
      
        WESTMORELAND COAL
        N/A
        WESTMORELAND COAL
        000000000
        
          
        
        28632.00000000
        NS
        USD
        72295.80000000
        0.008307118943
        Long
        EC
        CORP
        US
        N
        
        3
        
          N
          N
          N
        
      
      
        CALPINE CORP
        43R4VPJBXTU2O15HEF41
        Calpine Corp
        131347CQ7
        
          
          
        
        370000.00000000
        PA
        USD
        337330.85000000
        0.038760861545
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2031-02-01
          Fixed
          5.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        ASBURY AUTOMOTIVE GROUP
        549300JH4DTA7U42GL91
        Asbury Automotive Group Inc
        043436AV6
        
          
          
        
        4450930.00000000
        PA
        USD
        4206351.40000000
        0.483329064709
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2030-03-01
          Fixed
          4.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        CHESAPEAKE ENERGY CORP
        X2MT1W32SPAZ9WSKLE78
        Chesapeake Energy Corp
        165167DF1
        
          
          
        
        1603000.00000000
        PA
        USD
        1643876.50000000
        0.188888948090
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2026-02-01
          Fixed
          5.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        CONSOLIDATED COMMUNICATI
        549300WW675Y48HDVX34
        Consolidated Communications Inc
        20903XAF0
        
          
          
        
        2423000.00000000
        PA
        USD
        2238609.70000000
        0.257226520007
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2028-10-01
          Fixed
          6.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        CLYDESDALE ACQUISITION
        N/A
        Clydesdale Acquisition Holdings Inc
        18972EAB1
        
          
        
        755000.00000000
        PA
        USD
        711587.50000000
        0.081764666840
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2030-04-15
          Fixed
          8.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        RANGE RESOURCES CORP
        H3Y3WLYCX0BTO1TRW162
        Range Resources Corp
        75281ABJ7
        
          
          
        
        158000.00000000
        PA
        USD
        173376.54000000
        0.019921759489
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2029-01-15
          Fixed
          8.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        PMHC II INC
        549300GYZ1T3S8OPH343
        PMHC II Inc
        69357VAA3
        
          
          
        
        4410000.00000000
        PA
        USD
        3886488.90000000
        0.446575396682
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2030-02-15
          Fixed
          9.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MAUSER PACKAGING SOLUT
        549300DNGHXL0OMHW304
        Mauser Packaging Solutions Holding Co
        12429TAD6
        
          
          
        
        4390000.00000000
        PA
        USD
        4378531.13000000
        0.503113305242
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2024-04-15
          Fixed
          5.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        STONEMOR INC
        N/A
        StoneMor Inc
        86184WAA4
        
          
          
        
        5085000.00000000
        PA
        USD
        5044192.88000000
        0.579600892808
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2029-05-15
          Fixed
          8.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        SURGERY CENTER HOLDINGS INC
        54930054EVI5HWPPW113
        Surgery Center Holdings Inc
        86880NAX1
        
          
          
        
        3267.78000000
        PA
        USD
        3246.45000000
        0.000373031992
        Long
        LON
        CORP
        US
        N
        
        2
        
          2026-08-31
          Floating
          4.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        DEUTSCHE BANK AG
        7LTWFZYICNSX8D621K86
        Deutsche Bank AG
        251525AX9
        
          
          
        
        3800000.00000000
        PA
        USD
        3724000.00000000
        0.427904676955
        Long
        DBT
        CORP
        DE
        N
        
        2
        
          N/A
          Fixed
          6.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        KCA-KELLY TOPCO
        N/A
        KCA-KELLY TOPCO
        000000000
        
          
        
        26774.00000000
        NS
        USD
        2128533.00000000
        0.244578202404
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        CHESAPEAKE ENERGY CORP
        X2MT1W32SPAZ9WSKLE78
        Chesapeake Energy Corp
        92735LAA0
        
          
          
        
        3165000.00000000
        PA
        USD
        3356830.65000000
        0.385715234930
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2029-04-15
          Fixed
          6.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MICHAELS COS INC/THE
        549300H9LWMBP7HYLR98
        Michaels Cos Inc/The
        55916AAB0
        
          
          
        
        2518000.00000000
        PA
        USD
        2159172.41000000
        0.248098811115
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2029-05-01
          Fixed
          7.87500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        ADTALEM GLOBAL EDUCATION
        549300Z467EZLMODV621
        Adtalem Global Education Inc
        00737WAA7
        
          
          
        
        9502000.00000000
        PA
        USD
        9212521.57000000
        1.058560973779
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2028-03-01
          Fixed
          5.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        ALTICE FRANCE HOLDING SA
        5299000JVHXKJPOE6H40
        Altice France Holding SA
        02156TAA2
        
          
          
        
        10750000.00000000
        PA
        USD
        9293213.75000000
        1.067832875287
        Long
        DBT
        CORP
        LU
        N
        
        2
        
          2028-02-15
          Fixed
          6.00000000
          N
          N
          N
        
        
          N
          N
          
        
      
      
        MICHAELS COS INC/THE
        549300H9LWMBP7HYLR98
        Michaels Cos Inc/The
        55916AAA2
        
          
          
        
        2801000.00000000
        PA
        USD
        2575183.38000000
        0.295900379248
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2028-05-01
          Fixed
          5.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        CSC HOLDINGS LLC
        3HG2WD2W22M120IUNG49
        CSC Holdings LLC
        126307BA4
        
          
          
        
        1372000.00000000
        PA
        USD
        1223446.70000000
        0.140579636126
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2030-01-15
          Fixed
          5.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        WINDSTREAM SERVICES II
        549300KT9GVEBYCD2N29
        Windstream Services LLC
        97381JAE3
        
          
          
        
        1265208.16000000
        PA
        USD
        1259409.71000000
        0.144711950889
        Long
        LON
        CORP
        US
        N
        
        2
        
          2027-09-21
          Floating
          7.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        CSC HOLDINGS LLC
        3HG2WD2W22M120IUNG49
        CSC Holdings LLC
        126307BH9
        
          
          
        
        1754000.00000000
        PA
        USD
        1574557.03000000
        0.180923823112
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2031-11-15
          Fixed
          4.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        NFP CORP
        VO2L9FZNXDJNQNEYH039
        NFP Corp
        65342RAD2
        
          
          
        
        14252000.00000000
        PA
        USD
        13628760.04000000
        1.566007025300
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2028-08-15
          Fixed
          6.87500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        JPMorgan Chase Bank, National Association
        7H6GLXDRUGQFU57RNE97
        CAD/USD FORWARD
        000000000
        
          
          
        
        1.00000000
        NC
        USD
        -133690.96000000
        -0.01536170436
        N/A
        DFE
        CORP
        US
        N
        
        2
        
          
            
              JPMorgan Chase Bank, National Association
              7H6GLXDRUGQFU57RNE97
            
            -9330000.00000000
            CAD
            7328297.29000000
            USD
            2022-05-20
            -133690.96000000
          
        
        
          N
          N
          N
        
      
      
        BELLATRIX EXPLORATION
        549300S2235IL73TH941
        Bellatrix Exploration Ltd
        078314AK7
        
          
        
        1113000.00000000
        PA
        USD
        0.01000000
        0.000000001149
        Long
        DBT
        CORP
        CA
        N
        
        3
        
          2023-12-15
          Variable
          12.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        TRUE RELIGION PREFERRED
        N/A
        TRUE RELIGION PREFERRED
        000000000
        
          
        
        23.82400000
        NS
        USD
        119120.00000000
        0.013687434242
        Long
        EP
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        TENET HEALTHCARE CORP
        0W9AIBT6U6ADJ2I8HK17
        Tenet Healthcare Corp
        88033GDJ6
        
          
          
        
        4170000.00000000
        PA
        USD
        4242370.35000000
        0.487467807234
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2028-10-01
          Fixed
          6.12500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        CNT HOLDINGS I CORP
        N/A
        CNT Holdings I Corp
        12656AAE9
        
          
          
        
        2060000.00000000
        PA
        USD
        2063862.50000000
        0.237147265398
        Long
        LON
        CORP
        US
        N
        
        2
        
          2028-11-06
          Floating
          7.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        State Street Institutional US Government Money Market Fund
        549300BZ5TGIFZUZDZ37
        State Street Institutional US Government Money Market Fund
        857492706
        
          
          
        
        73501582.11000000
        NS
        USD
        73501582.11000000
        8.445668836868
        Long
        STIV
        RF
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        UNITI GROUP/CSL CAPITAL
        N/A
        Uniti Group LP / Uniti Group Finance Inc / CSL Capital LLC
        91327BAB6
        
          
          
        
        394000.00000000
        PA
        USD
        372657.02000000
        0.042820000472
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2028-04-15
          Fixed
          4.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        SUNSET DEBT MERGER SUB INC
        N/A
        Sunset Debt Merger Sub Inc
        000000000
        
          
        
        1660000.00000000
        PA
        USD
        1612275.00000000
        0.185257790826
        Long
        LON
        CORP
        US
        N
        
        2
        
          2028-10-06
          Floating
          4.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        ENCOMPASS HEALTH CORP
        549300FVRPM9DRQZRG64
        Encompass Health Corp
        29261AAB6
        
          
          
        
        969000.00000000
        PA
        USD
        931853.39000000
        0.107074227663
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2030-02-01
          Fixed
          4.75000000
          N
          N
          N
        
        
          N
          N
          
        
      
      
        LARCHMONT RESOURCES
        N/A
        LARCHMONT RESOURCES
        000000000
        
          
        
        1007.07000000
        NS
        USD
        92197.26000000
        0.010593887958
        Long
        EC
        CORP
        US
        N
        
        3
        
          N
          N
          N
        
      
      
        VZ SECURED FINANCING BV
        549300MG611MYCOWY949
        VZ Secured Financing BV
        91845AAA3
        
          
          
        
        2805000.00000000
        PA
        USD
        2626952.63000000
        0.301848903468
        Long
        DBT
        CORP
        NL
        N
        
        2
        
          2032-01-15
          Fixed
          5.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        LAREDO PETROLEUM INC
        549300X0PTWU2QSLSL14
        Laredo Petroleum Inc
        516806AF3
        
          
          
        
        4315000.00000000
        PA
        USD
        4506154.50000000
        0.517777815691
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2025-01-15
          Fixed
          9.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        CRESTWOOD MID PARTNER LP
        N/A
        Crestwood Midstream Partners LP / Crestwood Midstream Finance Corp
        226373AQ1
        
          
          
        
        1636000.00000000
        PA
        USD
        1624417.12000000
        0.186652976094
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2027-05-01
          Fixed
          5.62500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        CP ATLAS BUYER INC
        2549006ZZ07G0NDDCR36
        CP Atlas Buyer Inc
        12658HAG7
        
          
          
        
        4407072.72000000
        PA
        USD
        4294141.48000000
        0.493416547476
        Long
        LON
        CORP
        US
        N
        
        2
        
          2027-11-23
          Floating
          4.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        NESCO HOLDINGS II INC
        254900FAHT0HW9T6L409
        NESCO Holdings II Inc
        64083YAA9
        
          
          
        
        4712000.00000000
        PA
        USD
        4635382.88000000
        0.532626749149
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2029-04-15
          Fixed
          5.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        PUERTO RICO CMWLTH
        549300X44HXPLJU48U63
        Commonwealth of Puerto Rico
        74514L3J4
        
          
        
        151134.49850000
        PA
        USD
        172518.52000000
        0.019823169057
        Long
        DBT
        MUN
        US
        
        N
        
        2
        
          2031-07-01
          Fixed
          5.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        CALIFORNIA RESOURCES CRP
        5493003Q8F0T4F4YMR48
        California Resources Corp
        13057QAH0
        
          
          
        
        481000.00000000
        PA
        USD
        501074.54000000
        0.057575762397
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2026-02-01
          Fixed
          7.12500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        PBF HOLDING CO LLC
        N/A
        PBF Holding Co LLC / PBF Finance Corp
        69318FAK4
        
          
          
        
        7266000.00000000
        PA
        USD
        7493861.76000000
        0.861079080440
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2025-05-15
          Fixed
          9.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        WOLVERINE ESCROW LLC
        N/A
        Wolverine Escrow LLC
        97789LAB2
        
          
          
        
        6438000.00000000
        PA
        USD
        4323567.66000000
        0.496797750496
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2026-11-15
          Fixed
          9.00000000
          N
          N
          N
        
        
          N
          N
          
        
      
      
        NORTHWEST FIBER LLC/NORT
        N/A
        Northwest Fiber LLC / Northwest Fiber Finance Sub Inc
        667449AC6
        
          
          
        
        1703000.00000000
        PA
        USD
        1498395.79000000
        0.172172547387
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2028-02-15
          Fixed
          6.00000000
          N
          N
          N
        
        
          N
          N
          
        
      
      
        WOLVERINE ESCROW LLC
        N/A
        Wolverine Escrow LLC
        97789LAA4
        
          
          
        
        858000.00000000
        PA
        USD
        347490.00000000
        0.039928194467
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2027-11-15
          Fixed
          13.12500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        LITHIA MOTORS INC
        SE8N1EZEHPZQBCBVKD53
        Lithia Motors Inc
        536797AG8
        
          
          
        
        1666000.00000000
        PA
        USD
        1577252.18000000
        0.181233508206
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2029-06-01
          Fixed
          3.87500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        DIG INTL FIN/DIG INTL HL
        N/A
        Digicel International Finance Ltd/Digicel international Holdings Ltd
        25381XAA1
        
          
          
        
        1650806.00000000
        PA
        USD
        1645143.74000000
        0.189034559777
        Long
        DBT
        CORP
        N/A
        N
        
        2
        
          2024-05-25
          Fixed
          8.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        DIGICEL LTD
        N/A
        Digicel Ltd
        25380QAH2
        
          
          
        
        7343000.00000000
        PA
        USD
        6847384.22000000
        0.786795846576
        Long
        DBT
        CORP
        BM
        
        N
        
        2
        
          2023-03-01
          Fixed
          6.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        AHERN RENTALS INC
        N/A
        Ahern Rentals Inc
        008674AH6
        
          
          
        
        3526000.00000000
        PA
        USD
        3287995.00000000
        0.377805703089
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2023-05-15
          Fixed
          7.37500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        CLYDESDALE ACQUISITION
        N/A
        Clydesdale Acquisition Holdings Inc
        000000000
        
          
        
        1205000.00000000
        PA
        USD
        1186064.63000000
        0.136284264862
        Long
        LON
        CORP
        US
        N
        
        2
        
          2029-03-30
          Floating
          4.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        SABRE GLBL INC
        F2TJC7HPPHLHU1AQMP98
        Sabre GLBL Inc
        78573NAF9
        
          
          
        
        313000.00000000
        PA
        USD
        327355.75000000
        0.037614676813
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2025-09-01
          Fixed
          7.37500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        PUERTO RICO CMWLTH
        549300X44HXPLJU48U63
        Commonwealth of Puerto Rico
        74514L3Q8
        
          
        
        73721.32119000
        PA
        USD
        67314.20000000
        0.007734710259
        Long
        DBT
        MUN
        US
        
        N
        
        2
        
          2024-07-01
          None
          0.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Invesco Senior Loan ETF
        549300SIHU6DQELRNG59
        Invesco Senior Loan ETF
        46138G508
        
          
          
        
        424157.00000000
        NS
        USD
        9233897.89000000
        1.061017210972
        Long
        EC
        RF
        US
        N
        
        1
        
          N
          N
          
        
      
      
        DIGICEL GROUP HOLDINGS
        N/A
        Digicel Group Holdings Ltd
        25381YAD3
        
          
          
        
        7584798.00000000
        PA
        USD
        7536748.30000000
        0.866006940549
        Long
        DBT
        CORP
        BM
        
        N
        
        2
        
          2024-04-01
          Fixed
          10.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        STAPLES INC
        XQM2JINI1UL7642TU573
        Staples Inc
        855030AP7
        
          
          
        
        8805000.00000000
        PA
        USD
        7845563.18000000
        0.901491186378
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2027-04-15
          Fixed
          10.75000000
          N
          N
          N
        
        
          N
          N
          
        
      
      
        CARS.COM INC
        5493002G6J07LNGX4M98
        Cars.com Inc
        14575EAA3
        
          
          
        
        2355000.00000000
        PA
        USD
        2342695.13000000
        0.269186413213
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2028-11-01
          Fixed
          6.37500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        ORGANON & CO/ORG
        549300SH15FO4Y2G3V63
        Organon & Co / Organon Foreign Debt Co-Issuer BV
        68622TAB7
        
          
          
        
        6670000.00000000
        PA
        USD
        6445554.50000000
        0.740623769098
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2031-04-30
          Fixed
          5.12500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        VTR FINANCE BV
        213800F4XI4RJB82XM19
        VTR Finance NV
        918374AA7
        
          
          
        
        2826000.00000000
        PA
        USD
        2743353.63000000
        0.315223912142
        Long
        DBT
        CORP
        NL
        
        N
        
        2
        
          2028-07-15
          Fixed
          6.37500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        ALTICE FRANCE SA
        5493001ZMCICV4N02J21
        Altice France SA/France
        02156LAF8
        
          
          
        
        2375000.00000000
        PA
        USD
        2131800.00000000
        0.244953595685
        Long
        DBT
        CORP
        FR
        N
        
        2
        
          2029-07-15
          Fixed
          5.12500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        ARD FINANCE SA
        6354006P6QPGGPVJW880
        ARD Finance SA
        00191AAD8
        
          
          
        
        1751144.00000000
        PA
        USD
        1604380.62000000
        0.184350690363
        Long
        DBT
        CORP
        LU
        N
        
        2
        
          2027-06-30
          Fixed
          6.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        CALLON PETROLEUM
        549300EFOWPEB0WLZW21
        Callon Petroleum Co
        13123XBD3
        
          
          
        
        2130000.00000000
        PA
        USD
        2249035.05000000
        0.258424440529
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2028-08-01
          Fixed
          8.00000000
          N
          N
          N
        
        
          N
          N
          
        
      
      
        MLN US HOLDCO LLC
        549300QKU7NPW6O86862
        MLN US Holdco LLC
        55292HAE3
        
          
          
        
        2920000.00000000
        PA
        USD
        2684878.68000000
        0.308504872242
        Long
        LON
        CORP
        US
        N
        
        2
        
          2026-11-30
          Floating
          9.25430000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        FRONTIER COMMUNICATIONS
        N/A
        Frontier Communications Holdings LLC
        35906ABG2
        
          
          
        
        3287000.00000000
        PA
        USD
        3160056.06000000
        0.363104932200
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2029-05-01
          Fixed
          6.75000000
          N
          N
          N
        
        
          N
          N
          
        
      
      
        ASG WRRNT CORP - COM STK
        N/A
        ASG WRRNT CORP - COM STK
        000000000
        
          
        
        1200.00000000
        NS
        USD
        0.00000000
        0.000000
        Long
        EC
        CORP
        US
        N
        
        3
        
          N
          N
          N
        
      
      
        DIGICEL GROUP HOLDINGS
        N/A
        Digicel Group Holdings Ltd
        25381YAC5
        
          
          
        
        581796.00000000
        PA
        USD
        466731.30000000
        0.053629566635
        Long
        DBT
        CORP
        BM
        
        N
        
        2
        
          N/A
          Fixed
          7.00000000
          N
          N
          Y
        
        
          N
          N
          N
        
      
      
        SABRE GLBL INC
        F2TJC7HPPHLHU1AQMP98
        Sabre GLBL Inc
        78573NAC6
        
          
          
        
        756000.00000000
        PA
        USD
        839386.80000000
        0.096449392452
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2025-04-15
          Fixed
          9.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Studio City International Hold
        N/A
        Studio City International Holdings Ltd
        86389T106
        
          
          
        
        343125.00000000
        NS
        USD
        2002649.06000000
        0.230113560438
        Long
        EC
        CORP
        HK
        N
        
        1
        
          N
          N
          N
        
      
      
        FORESIGHT ENERGY
        N/A
        FORESIGHT ENERGY
        000000000
        
          
        
        185515.54000000
        NS
        USD
        4040528.46000000
        0.464275248497
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        STAPLES INC
        XQM2JINI1UL7642TU573
        Staples Inc
        855030AN2
        
          
          
        
        4599000.00000000
        PA
        USD
        4471147.80000000
        0.513755385332
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2026-04-15
          Fixed
          7.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Laureate Education Inc
        5JL7TMOH5TY3IUYSUP91
        Laureate Education Inc
        518613203
        
          
          
        
        442638.00000000
        NS
        USD
        5245260.30000000
        0.602704461390
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        ALTICE FINANCING SA
        549300DIYGW8HVDF7Q17
        Altice Financing SA
        02154CAH6
        
          
          
        
        5719000.00000000
        PA
        USD
        5207092.31000000
        0.598318784314
        Long
        DBT
        CORP
        LU
        N
        
        2
        
          2029-08-15
          Fixed
          5.75000000
          N
          N
          N
        
        
          N
          N
          
        
      
      
        SIMMONS FOOD INC/SIMMONS
        N/A
        Simmons Foods Inc/Simmons Prepared Foods Inc/Simmons Pet Food Inc/Simmons Feed
        82873MAA1
        
          
          
        
        1590000.00000000
        PA
        USD
        1492692.00000000
        0.171517155761
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2029-03-01
          Fixed
          4.62500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        NIELSEN FINANCE LLC/CO
        N/A
        Nielsen Finance LLC / Nielsen Finance Co
        65409QBF8
        
          
          
        
        1926000.00000000
        PA
        USD
        1932827.67000000
        0.222090762551
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2030-10-01
          Fixed
          5.87500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        COMMERCEHUB INC
        549300V3JZOSIRXFRG67
        CommerceHub Inc
        20084XAF1
        
          
          
        
        7337.51000000
        PA
        USD
        7135.73000000
        0.000819928098
        Long
        LON
        CORP
        US
        N
        
        2
        
          2027-12-02
          Floating
          4.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        SONIC AUTOMOTIVE INC
        549300NTLRGJ2JCBZU03
        Sonic Automotive Inc
        83545GBE1
        
          
          
        
        837000.00000000
        PA
        USD
        744344.10000000
        0.085528550390
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2031-11-15
          Fixed
          4.87500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        LCPR SR SECURED FIN DAC
        549300LE5FM8IKMXSP90
        LCPR Senior Secured Financing DAC
        50201DAD5
        
          
          
        
        913000.00000000
        PA
        USD
        873467.10000000
        0.100365375203
        Long
        DBT
        CORP
        IE
        
        N
        
        2
        
          2029-07-15
          Fixed
          5.12500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        TORRID LLC
        N/A
        Torrid LLC
        89142DAB9
        
          
          
        
        1371656.50000000
        PA
        USD
        1337365.09000000
        0.153669381527
        Long
        LON
        CORP
        US
        N
        
        2
        
          2028-06-14
          Floating
          6.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        DIGICEL GROUP HOLDINGS
        N/A
        Digicel Group Holdings Ltd
        25381YAB7
        
          
          
        
        1331335.00000000
        PA
        USD
        1170523.05000000
        0.134498466052
        Long
        DBT
        CORP
        BM
        
        N
        
        2
        
          2025-04-01
          Fixed
          8.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        CALLON PETROLEUM CO
        549300EFOWPEB0WLZW21
        Callon Petroleum Co
        13123XBB7
        
          
          
        
        317000.00000000
        PA
        USD
        336482.82000000
        0.038663419009
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2025-04-01
          Fixed
          9.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        ANKURA CONSULTING GROUP
        549300VJ5EU1KWD54I45
        Ankura Consulting Group LLC
        03539PAC2
        
          
          
        
        1567125.00000000
        PA
        USD
        1554392.11000000
        0.178606781335
        Long
        LON
        CORP
        US
        N
        
        2
        
          2028-03-17
          Floating
          5.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        PUERTO RICO CMWLTH
        549300X44HXPLJU48U63
        Commonwealth of Puerto Rico
        74514L3G0
        
          
        
        158167.54630000
        PA
        USD
        172937.23000000
        0.019871280756
        Long
        DBT
        MUN
        US
        
        N
        
        2
        
          2027-07-01
          Fixed
          5.62500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MESQUITE ENERGY INC
        N/A
        MESQUITE ENERGY INC
        000000000
        
          
        
        622000.00000000
        PA
        USD
        10885.00000000
        0.001250736414
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2023-02-15
          Fixed
          7.25000000
          Y
          N
          N
        
        
          N
          N
          N
        
      
      
        CPC ACQUISITION CORP
        254900UFA4AMH3PZZW32
        Cpc Acquisition Corp
        12656UAB1
        
          
          
        
        782100.00000000
        PA
        USD
        766458.00000000
        0.088069538907
        Long
        LON
        CORP
        US
        N
        
        2
        
          2027-12-29
          Floating
          4.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        JO-ANN STORES INC
        549300GM65RR2EMGLI48
        Jo-Ann Stores LLC
        47759DAE5
        
          
          
        
        3175367.25000000
        PA
        USD
        2794323.18000000
        0.321080547166
        Long
        LON
        CORP
        US
        N
        
        2
        
          2028-06-30
          Floating
          5.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        HIGHLAND HOLDINGS BOND
        N/A
        Highlands Holdings Bond Issuer Ltd / Highlands Holdings Bond Co-Issuer Inc
        43103QAA6
        
          
          
        
        4059145.00000000
        PA
        USD
        4082748.93000000
        0.469126574109
        Long
        DBT
        CORP
        N/A
        N
        
        2
        
          2025-10-15
          Fixed
          7.62500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        PILGRIM'S PRIDE CORP
        549300ZSLGV64ZL3HD75
        Pilgrim's Pride Corp
        72147KAF5
        
          
          
        
        3775000.00000000
        PA
        USD
        3499915.75000000
        0.402156369058
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2031-04-15
          Fixed
          4.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        PUERTO RICO CMWLTH
        549300X44HXPLJU48U63
        Commonwealth of Puerto Rico
        74514L3H8
        
          
        
        155601.55440000
        PA
        USD
        173838.06000000
        0.019974790254
        Long
        DBT
        MUN
        US
        
        N
        
        2
        
          2029-07-01
          Fixed
          5.62500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        PUERTO RICO CMWLTH
        549300X44HXPLJU48U63
        Commonwealth of Puerto Rico
        74514L3T2
        
          
        
        715587.88020000
        PA
        USD
        385522.97000000
        0.044298357125
        Long
        DBT
        MUN
        US
        
        N
        
        2
        
          2043-11-01
          Variable
          0.01000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        CRESTWOOD MID PARTNER LP
        N/A
        Crestwood Midstream Partners LP / Crestwood Midstream Finance Corp
        226373AR9
        
          
          
        
        320000.00000000
        PA
        USD
        319465.60000000
        0.036708062396
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2029-02-01
          Fixed
          6.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        CARNIVAL CORP
        F1OF2ZSX47CR0BCWA982
        Carnival Corp
        143658BN1
        
          
          
        
        5753000.00000000
        PA
        USD
        5494115.00000000
        0.631299007580
        Long
        DBT
        CORP
        PA
        
        N
        
        2
        
          2027-03-01
          Fixed
          5.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        CARNIVAL CORP
        F1OF2ZSX47CR0BCWA982
        Carnival Corp
        143658BJ0
        
          
          
        
        1550000.00000000
        PA
        USD
        1715803.50000000
        0.197153690221
        Long
        DBT
        CORP
        PA
        
        N
        
        2
        
          2027-08-01
          Fixed
          9.87500000
          N
          N
          N
        
        
          N
          N
          N
        
      
    
    
      
    
    
      2022-05-20
      Ivy Variable Insurance Portfolio
      Dan Geatens
      Dan Geatens
      Division Director - Head of US Fund Administration
    
  
  XXXX



Schedule of investments
Delaware Ivy VIP High Income
March 31, 2022 (Unaudited)
    Principal
amount°
Value (US $)
Convertible Bond — 0.14%
Spirit Airlines 1.00% exercise price $49.07, maturity date 5/15/26     1,356,000 $   1,223,112
Total Convertible Bond
(cost $1,185,701)
   1,223,112
 
Corporate Bonds — 62.92%
Banking — 0.43%
Deutsche Bank 6.00% 10/30/25 μ    3,800,000    3,724,000
     3,724,000
Basic Industry — 1.17%
Cerdia Finanz 144A 10.50% 2/15/27 #    3,160,000     2,770,846
Chemours 144A 5.75% 11/15/28 #    3,640,000     3,540,737
PMHC II 144A 9.00% 2/15/30 #    4,410,000    3,886,489
    10,198,072
Capital Goods — 2.60%
ARD Finance 144A PIK 6.50% 6/30/27 #    1,751,144     1,604,381
Clydesdale Acquisition Holdings 144A 8.75% 4/15/30 #      755,000       711,588
CP Atlas Buyer 144A 7.00% 12/1/28 #    1,146,000       979,360
Mauser Packaging Solutions Holding 144A 5.50% 4/15/24 #    4,390,000     4,378,531
Seaspan 144A 5.50% 8/1/29 #    3,917,000     3,670,445
TransDigm      
4.625% 1/15/29     1,597,000     1,495,167
5.50% 11/15/27     7,030,000     6,986,027
7.50% 3/15/27     2,709,000    2,795,051
    22,620,550
Communications — 17.26%
Advantage Sales & Marketing 144A 6.50% 11/15/28 #    5,940,000     5,633,377
Altice Financing 144A 5.75% 8/15/29 #, *    5,719,000     5,207,092
Altice France      
144A 5.125% 7/15/29 #    2,375,000     2,131,800
144A 5.50% 10/15/29 #    1,292,000     1,161,043
Altice France Holding      
144A 6.00% 2/15/28 #, *   10,750,000     9,293,214
144A 10.50% 5/15/27 #    4,453,000     4,665,408
Arches Buyer      
144A 4.25% 6/1/28 #    4,746,000     4,433,144
144A 6.125% 12/1/28 #, *    3,964,000     3,672,150
Cablevision Lightpath 144A 5.625% 9/15/28 #    1,225,000     1,120,079
    Principal
amount°
Value (US $)
Corporate Bonds (continued)
Communications (continued)
Cars.com 144A 6.375% 11/1/28 #    2,355,000 $   2,342,695
CCO Holdings 144A 4.75% 2/1/32 #    3,290,000     3,068,649
Clear Channel International 144A 6.625% 8/1/25 #      572,000       582,725
Clear Channel Outdoor Holdings      
144A 5.125% 8/15/27 #    5,583,000     5,532,753
144A 7.50% 6/1/29 #    2,657,000     2,654,423
144A 7.75% 4/15/28 #    2,016,000     2,028,832
Connect Finco 144A 6.75% 10/1/26 #    2,223,000     2,264,559
Consolidated Communications      
144A 5.00% 10/1/28 #    1,129,000       973,808
144A 6.50% 10/1/28 #    2,423,000     2,238,610
CSC Holdings      
144A 4.50% 11/15/31 #    1,754,000     1,574,557
144A 4.625% 12/1/30 #    7,234,000     6,059,705
144A 5.00% 11/15/31 #, *    2,381,000     1,999,326
144A 5.75% 1/15/30 #    1,372,000     1,223,447
Digicel 144A 6.75% 3/1/23 #    6,963,000     6,493,032
Digicel Group Holdings      
144A PIK 7.00% 4/21/22 #      581,796       466,731
144A PIK 8.00% 4/1/25 #    1,331,335     1,170,523
PIK 10.00% 4/1/24     7,584,798     7,536,748
Digicel International Finance      
144A 8.00% 12/31/26 #    1,474,249     1,373,278
144A 8.75% 5/25/24 #   11,226,000    11,187,495
144A 8.75% 5/25/24 #    1,650,806     1,645,144
144A PIK 13.00% 12/31/25 #      767,124       762,226
Directv Financing 144A 5.875% 8/15/27 #    6,662,000     6,562,570
DISH DBS 144A 5.75% 12/1/28 #    4,555,000     4,318,709
Frontier Communications
Holdings
     
144A 5.875% 10/15/27 #      316,000       314,275
5.875% 11/1/29     1,011,498       927,422
144A 6.00% 1/15/30 #      805,000       745,700
144A 6.75% 5/1/29 #, *    3,287,000     3,160,056
LCPR Senior Secured Financing DAC 144A 5.125% 7/15/29 #      913,000       873,467
Ligado Networks 144A PIK 15.50% 11/1/23 #    7,689,467     5,853,068
Northwest Fiber      
144A 6.00% 2/15/28 #, *    1,703,000     1,498,396
144A 10.75% 6/1/28 #    1,327,000     1,384,963
Stagwell Global 144A 5.625% 8/15/29 #    4,022,000     3,799,583
NQ-IV093 [3/22] 5/22 (2218410)    1

Schedule of investments
Delaware Ivy VIP High Income (Unaudited)
    Principal
amount°
Value (US $)
Corporate Bonds (continued)
Communications (continued)
Telesat Canada      
144A 5.625% 12/6/26 #    6,406,000 $   4,898,668
144A 6.50% 10/15/27 #    1,130,000       555,112
VTR Comunicaciones 144A 4.375% 4/15/29 #    3,166,000     2,899,027
VTR Finance 144A 6.375% 7/15/28 #    2,826,000     2,743,354
VZ Secured Financing 144A 5.00% 1/15/32 #    2,805,000     2,626,953
Windstream Escrow 144A 7.75% 8/15/28 #    6,396,000    6,521,841
   150,179,737
Consumer Cyclical — 12.12%
Asbury Automotive Group      
4.50% 3/1/28     2,576,930     2,480,811
144A 4.625% 11/15/29 #       85,000        79,261
4.75% 3/1/30     4,450,930     4,206,351
144A 5.00% 2/15/32 #       85,000        79,128
Carnival      
144A 5.75% 3/1/27 #    5,753,000     5,494,115
144A 6.00% 5/1/29 #    7,316,000     6,903,890
144A 7.625% 3/1/26 #      793,000       799,106
144A 9.875% 8/1/27 #    1,550,000     1,715,804
144A 10.50% 2/1/26 #      394,000       438,760
Everi Holdings 144A 5.00% 7/15/29 #      975,000       924,861
Fertitta Entertainment 144A 6.75% 1/15/30 #    4,650,000     4,283,743
Grupo Aeromexico 144A 8.50% 3/17/27 #    2,855,000     2,875,093
Lithia Motors      
144A 3.875% 6/1/29 #    1,666,000     1,577,252
144A 4.375% 1/15/31 #    1,271,000     1,230,658
LSF9 Atlantis Holdings 144A 7.75% 2/15/26 #    4,013,000     3,861,710
MajorDrive Holdings IV 144A 6.375% 6/1/29 #    6,450,000     5,720,828
Michaels      
144A 5.25% 5/1/28 #    2,801,000     2,575,183
144A 7.875% 5/1/29 #    2,518,000     2,159,172
PetSmart      
144A 4.75% 2/15/28 #    3,959,000     3,831,243
144A 7.75% 2/15/29 #      868,000       897,269
Premier Entertainment Sub      
144A 5.625% 9/1/29 #    4,699,000     4,048,095
144A 5.875% 9/1/31 #    3,663,000     3,133,971
Royal Caribbean Cruises      
144A 5.375% 7/15/27 #    6,644,000     6,393,222
144A 5.50% 4/1/28 #    7,169,000     6,843,993
    Principal
amount°
Value (US $)
Corporate Bonds (continued)
Consumer Cyclical (continued)
Scientific Games Holdings 144A 6.625% 3/1/30 #    4,515,000 $   4,456,305
Scientific Games International 144A 7.25% 11/15/29 #    2,673,000     2,805,701
Staples      
144A 7.50% 4/15/26 #    4,599,000     4,471,148
144A 10.75% 4/15/27 #, *    8,805,000     7,845,563
Victoria's Secret & Co. 144A 4.625% 7/15/29 #    4,478,000     4,038,596
Wolverine Escrow      
144A 8.50% 11/15/24 #, *    6,785,000     4,557,281
144A 9.00% 11/15/26 #, *    6,438,000     4,323,568
144A 13.125% 11/15/27 #      858,000      347,490
   105,399,171
Consumer Non-Cyclical — 10.98%
Adtalem Global Education 144A 5.50% 3/1/28 #    9,502,000     9,212,522
Ahern Rentals 144A 7.375% 5/15/23 #    3,526,000     3,287,995
Bausch Health 144A 6.125% 2/1/27 #    3,140,000     3,163,691
Cheplapharm Arzneimittel 144A 5.50% 1/15/28 #      599,000       580,697
CHS      
144A 4.75% 2/15/31 #    3,000,000     2,839,170
144A 5.25% 5/15/30 #    1,600,000     1,538,000
Deluxe 144A 8.00% 6/1/29 #    2,083,000     2,118,401
Encompass Health      
4.625% 4/1/31       230,000       215,684
4.75% 2/1/30 *      969,000       931,853
Hadrian Merger Sub 144A 8.50% 5/1/26 #      509,000       512,968
Kronos Acquisition Holdings 144A 5.00% 12/31/26 #    2,411,000     2,229,090
ModivCare Escrow Issuer 144A 5.00% 10/1/29 #    3,472,000     3,243,212
MoneyGram International 144A 5.375% 8/1/26 #      815,000       849,442
Mozart Debt Merger Sub      
144A 3.875% 4/1/29 #    4,981,000     4,613,776
144A 5.25% 10/1/29 #, *      884,000       822,960
NESCO Holdings II 144A 5.50% 4/15/29 #    4,712,000     4,635,383
Nielsen Finance      
144A 5.625% 10/1/28 #    2,343,000     2,362,447
144A 5.875% 10/1/30 #    1,926,000     1,932,828
Organon & Co. 144A 5.125% 4/30/31 #    6,670,000     6,445,554
P&L Development 144A 7.75% 11/15/25 #    4,958,000     4,576,531
 
2    NQ-IV093 [3/22] 5/22 (2218410)

(Unaudited)
    Principal
amount°
Value (US $)
Corporate Bonds (continued)
Consumer Non-Cyclical (continued)
Par Pharmaceutical 144A 7.50% 4/1/27 #    2,936,000 $   2,744,631
PECF USS Intermediate Holding III 144A 8.00% 11/15/29 #    1,330,000     1,286,043
Performance Food Group 144A 4.25% 8/1/29 #    5,216,000     4,759,600
Pilgrim's Pride 144A 4.25% 4/15/31 #    3,775,000     3,499,916
Post Holdings 144A 4.50% 9/15/31 #    1,618,000     1,435,959
Prime Security Services Borrower 144A 6.25% 1/15/28 #    2,158,000     2,115,315
Sabre GLBL      
144A 7.375% 9/1/25 #      313,000       327,356
144A 9.25% 4/15/25 #      756,000       839,387
Simmons Foods 144A 4.625% 3/1/29 #    1,590,000     1,492,692
StoneMor 144A 8.50% 5/15/29 #    5,085,000     5,044,193
Tenet Healthcare      
144A 4.375% 1/15/30 #    3,810,000     3,662,229
144A 6.125% 10/1/28 #    4,170,000     4,242,370
US Renal Care 144A 10.625% 7/15/27 #    8,340,000    7,957,194
    95,519,089
Energy — 7.34%
Ascent Resources Utica
Holdings
     
144A 5.875% 6/30/29 #      809,000       800,926
144A 7.00% 11/1/26 #    1,898,000     1,949,607
144A 8.25% 12/31/28 #      157,000       165,094
Bellatrix Exploration      
8.50% 9/11/23     1,022,000             0
12.50% 12/15/23     1,113,000             0
California Resources 144A 7.125% 2/1/26 #      481,000       501,075
Callon Petroleum      
6.125% 10/1/24     1,081,000     1,077,103
144A 8.00% 8/1/28 #, *    2,130,000     2,249,035
144A 9.00% 4/1/25 #      317,000       336,483
Chesapeake Energy      
144A 5.50% 2/1/26 #    1,603,000     1,643,877
144A 5.875% 2/1/29 #    1,202,000     1,242,820
144A 6.75% 4/15/29 #    3,165,000     3,356,831
Colgate Energy Partners III 144A 5.875% 7/1/29 #      646,000       667,137
Comstock Resources      
144A 5.875% 1/15/30 #    1,937,000     1,910,850
144A 6.75% 3/1/29 #    3,716,000     3,838,182
    Principal
amount°
Value (US $)
Corporate Bonds (continued)
Energy (continued)
Crestwood Midstream Partners      
144A 5.625% 5/1/27 #    1,636,000 $   1,624,417
5.75% 4/1/25       801,000       805,814
144A 6.00% 2/1/29 #      320,000       319,466
CrownRock      
144A 5.00% 5/1/29 #      792,000       793,683
144A 5.625% 10/15/25 #    5,764,000     5,881,009
CVR Energy 144A 5.25% 2/15/25 #    1,531,000     1,488,721
EQM Midstream Partners 144A 4.75% 1/15/31 #    4,640,000     4,345,406
Genesis Energy      
7.75% 2/1/28     3,335,000     3,357,678
8.00% 1/15/27     5,255,000     5,411,704
Hess Midstream Operations 144A 4.25% 2/15/30 #      654,000       618,226
KCA Deutag UK Finance      
144A 9.875% 12/1/25 #, *      315,000       325,861
9.875% 12/1/25     1,338,735     1,384,895
Laredo Petroleum      
9.50% 1/15/25     4,315,000     4,506,154
10.125% 1/15/28     2,876,000     3,094,101
Mesquite Energy 144A 7.25% 2/15/23 #, ‡      622,000        10,885
Murphy Oil 6.375% 7/15/28       643,000       669,823
Offshore Group Invest 7.50% 11/1/19     1,693,000             0
PBF Holding 144A 9.25% 5/15/25 #    7,266,000     7,493,862
Rattler Midstream 144A 5.625% 7/15/25 #    1,528,000     1,552,922
Weatherford International 144A 8.625% 4/30/30 #      443,000      450,316
    63,873,963
Financial Services — 7.22%
Ardonagh Midco 2 144A PIK 11.50% 1/15/27 #    7,558,146     8,049,425
Compass Group Diversified Holdings 144A 5.25% 4/15/29 #    6,378,000     6,003,197
Highlands Holdings Bond Issuer 144A PIK 7.625% 10/15/25 #    4,059,145     4,082,749
HUB International 144A 5.625% 12/1/29 #, *    4,516,000     4,321,338
New Cotai 5.00% 2/2/27     3,298,686     7,600,157
NFP 144A 6.875% 8/15/28 #   14,252,000    13,628,760
Provident Funding Associates 144A 6.375% 6/15/25 #    6,187,000     6,090,823
StoneX Group 144A 8.625% 6/15/25 #    3,835,000     3,999,867
 
NQ-IV093 [3/22] 5/22 (2218410)    3

Schedule of investments
Delaware Ivy VIP High Income (Unaudited)
    Principal
amount°
Value (US $)
Corporate Bonds (continued)
Financial Services (continued)
VistaJet Malta Finance 144A 6.375% 2/1/30 #, *    9,570,000 $   9,016,854
    62,793,170
Real Estate — 0.04%
Uniti Group 144A 4.75% 4/15/28 #      394,000      372,657
       372,657
Technology — 2.42%
Consensus Cloud Solutions      
144A 6.00% 10/15/26 #    1,385,000     1,376,288
144A 6.50% 10/15/28 #    2,302,000     2,291,836
Minerva Merger Sub 144A 6.50% 2/15/30 #    4,505,000     4,376,067
NCR      
144A 5.00% 10/1/28 #    2,287,000     2,193,782
144A 5.125% 4/15/29 #    8,677,000     8,352,003
144A 5.25% 10/1/30 #      782,000       742,650
144A 5.75% 9/1/27 #      772,000       773,027
144A 6.125% 9/1/29 #      983,000      987,640
    21,093,293
Utilities — 1.34%
Calpine      
144A 4.625% 2/1/29 #      720,000       663,685
144A 5.00% 2/1/31 #      370,000       337,331
144A 5.125% 3/15/28 #    1,460,000     1,393,446
Vistra      
144A 7.00% 12/15/26 #, μ    5,695,000     5,554,362
144A 8.00% 10/15/26 #, μ    3,650,000    3,691,063
    11,639,887
Total Corporate Bonds
(cost $565,274,507)
 547,413,589
 
Municipal Bonds — 0.76%
Commonwealth of Puerto Rico      
Series C 2.646% 11/1/43      715,588       385,523
Series A12.986% 7/1/24^       73,721        67,314
Series A14.00% 7/1/33      143,315       140,281
Series A14.00% 7/1/35      128,821       124,690
Series A14.00% 7/1/37      110,563       106,516
Series A14.00% 7/1/41      150,323       143,315
Series A14.00% 7/1/46      156,334       147,729
Series A14.362% 7/1/33^      184,433       106,798
Series A15.25% 7/1/23      160,062       164,004
Series A15.375% 7/1/25      159,613       168,548
Series A15.625% 7/1/27      158,168       172,937
Series A15.625% 7/1/29      155,602       173,838
Series A15.75% 7/1/31      151,134       172,519
    Principal
amount°
Value (US $)
Municipal Bonds (continued)
GDB Debt Recovery Authority of Puerto Rico
 7.50% 8/20/40
   4,815,668 $   4,526,729
Total Municipal Bonds
(cost $6,728,453)
   6,600,741
 
Loan Agreements — 16.30%
Advantage Sales & Marketing Tranche B-1 5.25% (LIBOR03M + 4.50%) 10/28/27 •    7,308,633     7,255,645
Amynta Agency Borrower Tranche B 1st Lien 4.957% (LIBOR01M + 4.50%) 2/28/25 •    8,649,027     8,580,552
Ankura Consulting Group 1st Lien 5.25% (SOFR01M + 4.50%) 3/17/28 •    1,563,737     1,551,031
Applied Systems 2nd Lien 6.378% (LIBOR03M + 5.50%) 9/19/25 •    4,178,380     4,166,631
Ascent Resources Utica Holdings 2nd Lien 10.00% (LIBOR03M + 9.00%) 11/1/25 •    1,233,000     1,323,934
Clear Channel Outdoor Holdings Inc 3.799% (LIBOR03M + 3.50%) 8/21/26 •       10,935        10,769
Clydesdale Acquisition Holdings TBD 4.75% 3/30/29     1,205,000     1,186,065
CNT Holdings I 2nd Lien 7.50% (LIBOR03M + 6.75%) 11/6/28 •    2,060,000     2,063,862
CommerceHub 1st Lien 5.006% (LIBOR03M + 4.00%) 12/29/27 •        7,338         7,136
Covis Finco Tranche B 7.301% (SOFR01M + 5.50%) 2/18/27 •    3,470,000     3,192,400
CP Atlas Buyer Tranche B 4.25% (LIBOR01M + 3.75%) 11/23/27 •    4,407,073     4,294,141
CPC Acquisition 1st Lien 4.756% (LIBOR03M + 3.75%) 12/29/27 •      782,100       766,458
CPC Acquisition 2nd Lien 8.756% (LIBOR03M + 7.75%) 12/29/28 •      504,000       487,620
Directv Financing 5.75% (LIBOR01M + 5.00%) 8/2/27 •      102,915       102,926
Edelman Financial Engines Center 2nd Lien 7.207% (LIBOR01M + 6.75%) 7/20/26 •    6,487,000     6,414,021
 
4    NQ-IV093 [3/22] 5/22 (2218410)

(Unaudited)
    Principal
amount°
Value (US $)
Loan Agreements (continued)
EPIC Crude Services LP 5.508% (LIBOR03M + 5.00%) 3/2/26 •    2,878,910 $   2,481,860
Foresight Exit TL A 1.50% (LIBOR03M + 8.00%) 6/29/27 •    1,279,505     1,285,902
Form Technologies Tranche B 5.50% (LIBOR03M + 4.50%) 7/22/25 •   11,973,430    11,928,530
Gainwell Acquisition Tranche B 4.878% (LIBOR03M + 4.00%) 10/1/27 •    2,053,753     2,046,051
Gulf Finance 7.75% (LIBOR01M + 6.75%) 8/25/26 •    4,748,388     4,364,955
Hexion Holdings 1st Lien 5.00% (SOFR01M + 3.50%) 3/15/29 •      905,000       887,466
Hexion Holdings 2nd Lien 7.938% (SOFR01M + 7.44%) 3/15/30 •    3,665,000     3,555,050
Ivanti Software 4.75% (LIBOR03M + 4.00%) 12/1/27 •      408,198       402,203
Jo-Ann Stores Tranche B-1 5.50% (LIBOR03M + 4.75%) 7/7/28 •    2,685,367     2,363,123
Jones DesLauriers Insurance Management 1st Lien 5.00% (CDOR + 4.25%) 3/27/28 •    5,090,153     3,990,201
Jones DesLauriers Insurance Management 2nd Lien 8.235% (CDOR + 7.50%)3/26/29 •    2,585,903     2,023,227
Jones DesLauriers Insurance Management TBD 1.00% 3/27/28 X    1,032,738       809,570
Lealand Finance Company 3.104% (LIBOR01M + 3.00%) 6/28/24 •       95,215        59,509
MajorDrive Holdings IV 4.563% (LIBOR03M + 4.00%) 6/1/28 •        9,667         9,541
Michaels Tranche B 5.256% (LIBOR03M + 4.25%) 4/15/28 •    2,634,135     2,469,501
MLN US HoldCo Tranche B 1st Lien 4.742% (LIBOR01M + 4.50%) 11/30/25 •    8,783,058     8,479,770
MLN US HoldCo Tranche B 2nd Lien 8.992% (LIBOR01M + 8.75%) 11/30/26 •    2,920,000     2,684,879
PetsMart 4.50% (LIBOR03M + 3.75%) 2/11/28 •    7,173,950     7,152,428
Pre Paid Legal Services 2nd Lien 7.50% (LIBOR01M + 7.00%) 12/14/29 •    2,245,000     2,219,744
    Principal
amount°
Value (US $)
Loan Agreements (continued)
SPX Flow TBD 5.00% 3/16/29     4,685,000 $   4,568,606
Surgery Center Holdings 4.50% (LIBOR01M + 3.75%) 8/31/26 •        3,268         3,246
Swf Holdings I 4.75% (LIBOR01M + 4.00%) 10/6/28 •    1,660,000     1,612,275
Torrid 6.25% (LIBOR01M + 5.50%) 6/14/28 •    1,371,656     1,337,365
U.S. Renal Care Tranche B 1st Lien 5.25% (LIBOR01M + 5.00%) 6/26/26 •    7,739,470     7,146,433
UKG 2nd Lien 5.75% (LIBOR03M + 5.25%) 5/3/27 •    5,615,000     5,591,602
United PF Holdings 5.006% (LIBOR03M + 4.00%) 12/30/26 •    3,905,378     3,768,690
United PF Holdings 1st Lien 9.506% (LIBOR03M + 8.50%) 12/30/26 •      928,855       926,533
Waterbridge Midstream Operating TBD 6.75% (LIBOR03M + 5.75%) 6/22/26 •    1,982,573     1,916,369
West Corporation Tranche B 5.00% (LIBOR03M + 4.00%) 10/10/24 •   14,278,032    13,094,997
Windstream Services 7.25% (LIBOR01M + 6.25%) 9/21/27 •    1,265,208    1,259,410
Total Loan Agreements
(cost $143,529,035)
 141,842,227
    Number of
shares
 
Common Stocks — 2.09%
Consumer Cyclical — 1.00%
New Cotai †    3,072,567    2,831,672
Studio City International ADR †      581,459    3,393,686
Studio City International Holdings
ADR †
     343,125    2,002,649
True Religion Apparel †           23      456,996
     8,685,003
Consumer Non-Cyclical — 0.00%
ASG Warrant         1,200            0
             0
Energy — 0.48%
Foresight Energy †      185,516    4,040,528
Sabine Oil & Gas Holdings           263          326
Vantage Drilling International †          452        4,633
 
NQ-IV093 [3/22] 5/22 (2218410)    5

Schedule of investments
Delaware Ivy VIP High Income (Unaudited)
    Number of
shares
Value (US $)
Common Stocks (continued)
Energy (continued)
Westmoreland Coal †       28,632 $      72,296
     4,117,783
Financials — 0.01%
Larchmont Resources         1,007       92,197
        92,197
Industrials — 0.00%
BIS Industries Holdings     1,604,602            0
             0
Services — 0.60%
Laureate Education       442,638    5,245,261
     5,245,261
Total Common Stocks
(cost $48,180,538)
  18,140,244
 
Convertible Preferred Stock — 0.93%
Targa Resources 9.50% exercise price $20.77, maturity date 5/5/22         7,514    8,111,579
Total Convertible Preferred Stock
(cost $8,415,680)
   8,111,579
 
Preferred Stock — 0.01%
True Religion Apparel 0.000% ^           24      119,120
Total Preferred Stock
(cost $392,060)
     119,120
 
Exchange-Traded Funds — 3.81%
Invesco Senior Loan ETF*      424,157     9,233,898
iShares iBoxx High Yield Corporate Bond ETF*      290,000   23,864,100
Total Exchange-Traded Funds
(cost $33,375,159)
  33,097,998
    Principal
amount
 
Investment Company — 0.25%
KCA Deutag International       26,774    2,128,533
Total Investment Company
(cost $1,097,734)
   2,128,533
    Number of
shares
 
Warrant — 0.01%
California Resources  †        7,744      111,436
    Number of
shares
Value (US $)
Warrant (continued)
Total Warrant
(cost $673,784)
     111,436
 
Short-Term Investments — 8.98%
Money Market Mutual Fund — 8.98%
State Street Institutional US Government Money Market Fund – Premier Class (seven-day effective yield 0.17%)   78,131,383 $  78,131,383
Total Short-Term Investments
(cost $78,131,383)
  78,131,383
Total Value of Securities Before
Securities Lending Collateral—96.20%
(cost $886,984,034)
 836,919,962
 
Securities Lending Collateral** — 5.54%
Money Market Mutual Fund — 5.54%
Dreyfus Institutional Preference Government Money Market Fund - Institutional Shares (seven-day effective yield 0.30%)   48,226,313   48,226,313
Total Securities Lending Collateral
(cost $48,226,313)
  48,226,313
Total Value of Securities—101.74%
(cost $935,210,347)
    885,146,275■
Obligation to Return
Securities Lending
Collateral — (5.54%)
     (48,226,313)
Receivables and Other Assets Net of Liabilities — 3.80%       33,091,040
Net Assets Applicable to 264,504,468 Shares Outstanding—100.00%      $870,011,002
° Principal amount shown is stated in USD unless noted that the security is denominated in another currency.
μ Fixed to variable rate investment. The rate shown reflects the fixed rate in effect at March 31, 2022. Rate will reset at a future date.
# Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended. At March 31, 2022, the aggregate value of Rule 144A securities was $488,207,046, which represents 55.87% of the Fund's net assets.
* Fully or partially on loan.
Non-income producing security. Security is currently in default.
^ Zero-coupon security. The rate shown is the effective yield at the time of purchase.
 
6    NQ-IV093 [3/22] 5/22 (2218410)

(Unaudited)
Variable rate investment. Rates reset periodically. Rate shown reflects the rate in effect at March 31, 2022. For securities based on a published reference rate and spread, the reference rate and spread are indicated in their descriptions. The reference rate descriptions (i.e. LIBOR03M, LIBOR06M, etc.) used in this report are identical for different securities, but the underlying reference rates may differ due to the timing of the reset period. Certain variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions, or for mortgage-backed securities, are impacted by the individual mortgages which are paying off over time. These securities do not indicate a reference rate and spread in their descriptions.
X This loan will settle after March 31, 2022, at which time the interest rate, based on the LIBOR and the agreed upon spread on trade date, will be reflected.
Non-income producing security.
** See Note 0 in “Notes to financial statements” for additional information on securities lending collateral.
Includes $50,732,621 of securities loaned for which the counterparty pledged additional non-cash collateral valued at $5,545,202.
Unfunded Loan Commitments
The Fund may invest in floating rate loans. In connection with these investments, the Fund may also enter into unfunded corporate loan commitments (commitments). Commitments may obligate the Fund to furnish temporary financing to a borrower until permanent financing can be arranged. In connection with these commitments, the Fund earns a commitment fee, typically set as a percentage of the commitment amount. The following unfunded loan commitment was outstanding at March 31, 2022:
Borrower   Principal
Amount
  Commitment   Value   Unrealized
Appreciation
(Depreciation)
Jones DesLauriers Insurance Management TBD 3/27/28   $126,632   $126,632   $99,268   $(1,153)
The following foreign currency exchange contracts were outstanding at March 31, 2022:
Foreign Currency Exchange Contracts            
Counterparty   Currency to
Receive (Deliver)
  In Exchange For   Settlement
Date
  Unrealized
Appreciation
  Unrealized
Depreciation
JPMCB   CAD (9,330,000)   USD 7,328,297   5/20/22   $   $(133,691)
The use of foreign currency exchange contracts involves elements of market risk and risks in excess of the amounts disclosed in the financial statements. The foreign currency exchange contracts presented above represent the Fund’s total exposure in such contracts, whereas only the net unrealized appreciation (depreciation) is reflected in the Fund’s net assets.
Summary of abbreviations:
ADR – American Depositary Receipt
CDOR – Canadian Dollar Offered Rate
DAC – Designated Activity Company
ETF – Exchange-Traded Fund
ICE – Intercontinental Exchange, Inc.
JPMCB – JPMorgan Chase Bank
LIBOR – London Interbank Offered Rate
LIBOR01M – ICE LIBOR USD 1 Month
LIBOR03M – ICE LIBOR USD 3 Month
LIBOR06M – ICE LIBOR USD 6 Month
Summary of abbreviations:  (continued)
PIK – Payment-in-kind
SOFR – Secured Overnight Financing Rate
SOFR01M – Secured Overnight Financing Rate 1 Month
TBD – To be determined
USD – US Dollar
Summary of currencies:
CAD – Canadian Dollar
USD – US Dollar
 
NQ-IV093 [3/22] 5/22 (2218410)    7


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