First Trust Tactical High Yield ETF (HYLS)
Holdings of the Fund as of 3/27/2024

Total Number of Holdings (excluding cash): 319

Security Name Identifier CUSIP Shares / Quantity Market Value Weighting Descending sort
NEXSTAR MEDIA INC 5.625%, due 07/15/2027 65343HAA9 40,562,000 $38,987,716.18 2.64%
SS&C TECHNOLOGIES INC 5.50%, due 09/30/2027 78466CAC0 39,012,000 $38,251,867.19 2.59%
ALLIANT HOLD / CO-ISSUER 6.75%, due 10/15/2027 01883LAA1 38,556,000 $37,966,698.90 2.57%
US Dollar $USD 33,218,294 $33,218,294.08 2.25%
UNITED RENTALS (NORTH AMERICA) 6%, due 12/15/2029 911365BQ6 31,195,000 $31,464,867.95 2.13%
VERSCEND ESCROW CORP 9.75%, due 08/15/2026 92535WAA8 31,085,000 $31,128,762.09 2.11%
GRAHAM PACKAGING/GPC CAP 7.125%, due 08/15/2028 384701AA6 32,166,000 $29,266,020.57 1.98%
1011778 BC / NEW RED FIN 4%, due 10/15/2030 68245XAM1 31,510,000 $28,092,089.82 1.90%
GRAY TELEVISION INC 5.875%, due 07/15/2026 389375AJ5 28,294,000 $27,538,530.39 1.87%
SELECT MEDICAL CORP 6.25%, due 08/15/2026 816196AT6 26,514,000 $26,584,209.08 1.80%
ASSUREDPARTNERS INC 5.625%, due 01/15/2029 04624VAB5 27,301,000 $25,139,696.14 1.70%
OPEN TEXT CORP 6.90%, due 12/01/2027 683715AF3 22,558,000 $23,360,861.79 1.58%
CARS.COM INC 6.375%, due 11/01/2028 14575EAA3 20,909,000 $20,329,814.43 1.38%
MILANO ACQUISITION CORP MILACQ TL 1L USD LX189433 21,068,907 $20,205,082.08 1.37%
CLARIOS GLOBAL LP/US FIN 8.50%, due 05/15/2027 69867DAC2 19,208,000 $19,232,747.58 1.30%
ALLIANT HOLD / CO-ISSUER 6.75%, due 04/15/2028 01883LAE3 17,412,000 $17,537,906.17 1.19%
MH SUB I LLC Variable rate, due 02/12/2029 LX192714 17,762,992 $17,171,395.95 1.16%
IHEARTCOMMUNICATIONS INC 8.375%, due 05/01/2027 45174HBD8 28,936,000 $16,052,544.04 1.09%
AMWINS GROUP INC 4.875%, due 06/30/2029 031921AB5 17,006,000 $15,889,578.20 1.08%
COTIVITI INC 7.625%, due 02/24/2031 LX227236 15,033,333 $15,080,312.51 1.02%
CSC HOLDINGS LLC 4.50%, due 11/15/2031 126307BH9 21,000,000 $14,915,044.41 1.01%
ATHENAHEALTH GROUP INC 6.50%, due 02/15/2030 60337JAA4 15,722,000 $14,354,610.50 0.97%
PACTIV EVERGREEN GROUP 4%, due 10/15/2027 76174LAA1 14,255,000 $13,294,461.04 0.90%
POST HOLDINGS INC 6.25%, due 02/15/2032 737446AU8 13,165,000 $13,264,606.39 0.90%
SINCLAIR TELEVISION GROUP 5.125%, due 02/15/2027 829259AW0 13,895,000 $12,771,311.35 0.87%
ZAYO GROUP HOLDINGS INC 6.125%, due 03/01/2028 98919VAB1 18,209,000 $12,776,610.34 0.87%
MEDLINE BORROWER LP 3.875%, due 04/01/2029 62482BAA0 13,953,000 $12,720,927.92 0.86%
GO DADDY OPCO/FINCO 3.50%, due 03/01/2029 38016LAC9 13,728,000 $12,371,684.57 0.84%
TRIVIUM PACKAGING FIN 5.50%, due 08/15/2026 89686QAA4 11,561,000 $11,397,142.94 0.77%
OWENS-BROCKWAY 7.25%, due 05/15/2031 69073TAU7 10,984,000 $11,165,038.29 0.76%
MCAFEE CORP 7.375%, due 02/15/2030 579063AB4 12,000,000 $11,053,131.72 0.75%
OPEN TEXT CORP 3.875%, due 02/15/2028 683715AC0 11,860,000 $10,996,852.91 0.75%
PAYSAFE FIN PLC/PAYSAFE 4%, due 06/15/2029 70452AAA1 12,492,000 $11,133,275.14 0.75%
MEDLINE BORROWER LP 5.25%, due 10/01/2029 62482BAB8 10,908,000 $10,327,073.73 0.70%
PANTHER ESCROW ISSUER 7.125%, due 06/01/2031 69867RAA5 9,838,000 $9,977,010.94 0.68%
GENESYS CLOUD SERVICES GCTI TL B 1L USD LX228183 9,902,619 $9,930,494.88 0.67%
HUB INTERNATIONAL LTD 7.375%, due 01/31/2032 44332PAJ0 9,750,000 $9,816,446.64 0.67%
TRANSDIGM INC 6.75%, due 08/15/2028 893647BR7 9,399,000 $9,557,747.70 0.65%
OPEN TEXT CORP 3.875%, due 12/01/2029 683715AD8 10,577,000 $9,423,988.54 0.64%
IRB HOLDING CORP 7%, due 06/15/2025 44988MAC9 9,310,000 $9,328,806.20 0.63%
BALL CORP 2.875%, due 08/15/2030 058498AW6 10,648,000 $9,087,299.22 0.62%
CALPINE CORP 5.125%, due 03/15/2028 131347CN4 9,570,000 $9,177,637.94 0.62%
ORACLE CORP 6.50%, due 04/15/2038 68389XAE5 8,204,000 $8,922,669.74 0.61%
TEGNA INC 4.625%, due 03/15/2028 87901JAJ4 9,863,000 $9,045,723.22 0.61%
RYAN SPECIALTY GROUP 4.375%, due 02/01/2030 78351MAA0 9,355,000 $8,711,524.00 0.59%
UKG INC 6.875%, due 02/01/2031 90279XAA0 8,526,000 $8,700,752.13 0.59%
BOXER PARENT CO INC 9.125%, due 03/01/2026 103186AC6 8,407,000 $8,418,189.72 0.57%
GFL ENVIRONMENTAL INC 4%, due 08/01/2028 36168QAL8 9,173,000 $8,443,677.71 0.57%
LAMB WESTON HLD 4.375%, due 01/31/2032 513272AE4 9,387,000 $8,446,298.70 0.57%
PIKE CORP 5.50%, due 09/01/2028 721283AA7 8,615,000 $8,261,801.37 0.56%
AMWINS GROUP INC 6.375%, due 02/15/2029 031921AC3 8,017,000 $8,063,819.28 0.55%
GEN DIGITAL INC 7.125%, due 09/30/2030 668771AL2 7,746,000 $7,961,608.99 0.54%
ORACLE CORP 6.25%, due 11/09/2032 68389XCJ2 7,500,000 $8,020,035.98 0.54%
FORD MOTOR COMPANY 9.625%, due 04/22/2030 345370CX6 6,631,000 $7,779,779.37 0.53%
CCO HLDGS LLC/CAP CORP 7.375%, due 03/03/2031 1248EPCT8 7,781,000 $7,620,691.17 0.52%
HUB INTERNATIONAL LTD 5.625%, due 12/01/2029 44332PAG6 8,230,000 $7,726,351.14 0.52%
NORDSTROM INC 4%, due 03/15/2027 655664AS9 8,080,000 $7,710,624.42 0.52%
BROADSTREET PARTNERS INC 5.875%, due 04/15/2029 11135RAA3 8,120,000 $7,511,704.82 0.51%
FERTITTA ENTERTAINMENT 6.75%, due 1/15/2030 31556TAC3 8,292,000 $7,466,036.37 0.51%
MSCI INC 3.25%, due 08/15/2033 55354GAQ3 8,900,000 $7,350,783.58 0.50%
WASTE PRO USA INC 5.50%, due 02/15/2026 94107JAA1 7,429,000 $7,327,933.66 0.50%
LogMeIn, Inc. (GoTo Group, Inc.) First Lien First Out TL LX226623 7,570,980 $7,241,339.53 0.49%
VISTAJET MALTA/VM HOLDS 6.375%, due 02/01/2030 92840JAB5 9,742,000 $7,195,108.03 0.49%
ARTHUR J GALLAGHER & CO 5.75%, due 03/02/2053 04316JAE9 7,000,000 $7,010,533.67 0.48%
EDELMAN FINANCIAL CENTER Variable rate, due 07/20/2026 LX174295 7,000,000 $7,042,315.00 0.48%
RINGCENTRAL INC 8.50%, due 08/15/2030 76680RAJ6 6,680,000 $6,948,823.24 0.47%
SCRIPPS ESCROW INC 5.875%, due 07/15/2027 81104PAA7 8,355,000 $6,997,522.21 0.47%
ALTERYX INC 8.75%, due 03/15/2028 02156BAG8 6,328,000 $6,525,636.09 0.44%
AVANTOR FUNDING INC 4.625%, due 07/15/2028 05352TAA7 6,815,000 $6,466,756.22 0.44%
GOLDMAN SACHS GROUP INC 6.75%, due 10/01/2037 38141GFD1 6,000,000 $6,553,761.36 0.44%
CLARIVATE SCIENCE HOLDINGS CORP 4.875%, due 07/01/2029 18064PAD1 6,770,000 $6,276,985.64 0.43%
CSC HOLDINGS LLC 6.50%, due 02/01/2029 126307AZ0 7,458,000 $6,392,954.57 0.43%
HCA INC 5.25%, due 06/15/2049 404119BZ1 7,000,000 $6,381,742.08 0.43%
VERIFONE SYSTEMS INC PAY TL 1L USD LX175222 6,892,463 $6,124,401.26 0.42%
HEALTHEQUITY INC 4.50%, due 10/01/2029 42226AAA5 6,535,000 $6,047,430.84 0.41%
OWENS-BROCKWAY 6.375%, due 08/15/2025 69073TAS2 6,050,000 $6,087,528.15 0.41%
GTCR AP FINANCE INC 8%, due 05/15/2027 40060QAA3 5,736,000 $5,752,066.55 0.39%
VISTAJET MALTA/VM HOLDS 7.875%, due 05/01/2027 92840JAD1 6,779,000 $5,727,897.75 0.39%
BOYD GAMING CORP 4.75%, due 06/15/2031 103304BV2 6,062,000 $5,577,057.58 0.38%
ENERGIZER HOLDINGS INC 6.50%, due 12/31/2027 29272WAF6 5,613,000 $5,596,906.41 0.38%
GATES GLOBAL/GATES CORP 6.25%, due 01/15/2026 36740LAA0 5,573,000 $5,579,882.66 0.38%
VICI PROPERTIES / NOTE 4.625%, due 12/01/2029 92564RAB1 5,952,000 $5,634,320.33 0.38%
GO DADDY OPCO/FINCO 5.25%, due 12/01/2027 38016LAA3 5,500,000 $5,384,680.40 0.37%
LIVE NATION ENTERTAINMENT 5.625%, due 03/15/2026 538034AN9 5,494,000 $5,437,816.16 0.37%
RADIATE HOLDCO / FINANCE 4.50%, due 09/15/2026 75026JAC4 6,746,000 $5,369,274.97 0.36%
THE CIGNA GROUP 6.125%, due 11/15/2041 125523CD0 5,000,000 $5,361,561.90 0.36%
ALTICE FRANCE HOLDING SA 10.50%, due 05/15/2027 02156TAB0 14,391,000 $5,169,169.06 0.35%
CAESARS ENTERTAINMENT INC 4.625%, due 10/15/2029 12769GAA8 5,662,000 $5,185,125.46 0.35%
CSC HOLDINGS LLC 5.75%, due 01/15/2030 126307BA4 9,797,000 $5,211,107.58 0.35%
CENTENE CORP 4.25%, due 12/15/2027 15135BAR2 5,269,000 $5,029,514.99 0.34%
T-MOBILE USA INC 5.05%, due 07/15/2033 87264ACY9 5,000,000 $4,943,862.20 0.34%
TRANSDIGM INC 6.625%, due 03/01/2032 893647BV8 4,931,000 $4,981,465.88 0.34%
CT TECHNOLOGIES CTTECH TL 1L USD LX196065 4,841,632 $4,838,605.54 0.33%
FIRSTCASH INC 6.875%, due 03/01/2032 33767DAD7 4,892,000 $4,888,763.06 0.33%
GOTO GROUP INC 5.50%, due 05/01/2028 38349YAA3 5,632,950 $4,893,625.31 0.33%
LogMeIn, Inc. (GoTo Group, Inc.) First Lien Second Out TL LX226624 6,271,881 $4,810,532.73 0.33%
MOLINA HEALTHCARE INC 3.875%, due 05/15/2032 60855RAL4 5,539,000 $4,836,714.61 0.33%
VISTRA OPERATIONS CO LLC 5.625%, due 02/15/2027 92840VAB8 5,000,000 $4,931,464.50 0.33%
WAYSTAR TECHNOLOGIES INC NAVCUR TL 1L USD LX226154 4,841,059 $4,858,003.15 0.33%
TRUIST INSURANCE HOLDING Variable rate, due 03/08/2032 LX227767 4,736,948 $4,772,972.32 0.32%
HILLENBRAND INC 6.25%, due 02/15/2029 431571AF5 4,569,000 $4,606,968.39 0.31%
JPMORGAN CHASE & CO N/C, 6.40%, due 05/15/2038 46625HHF0 4,000,000 $4,502,006.08 0.31%
US FOODS INC 7.25%, due 01/15/2032 90290MAH4 4,413,000 $4,598,622.61 0.31%
VICI PROPERTIES LP 5.75%, due 04/01/2034 925650AF0 4,608,000 $4,563,851.67 0.31%
GRAY TELEVISION INC 7%, due 05/15/2027 389284AA8 4,715,000 $4,384,271.04 0.30%
POST HOLDINGS INC 5.625%, due 01/15/2028 737446AN4 4,434,000 $4,361,524.94 0.30%
BANK OF AMERICA CORP 6.11%, due 01/29/2037 59022CAJ2 4,000,000 $4,258,221.64 0.29%
COSTAR GROUP INC 2.80%, due 07/15/2030 22160NAA7 4,781,000 $4,087,708.67 0.28%
IQVIA INC 6.50%, due 05/15/2030 46266TAD0 4,005,000 $4,093,710.75 0.28%
SIRIUS XM RADIO INC 3.875%, due 09/01/2031 82967NBM9 5,000,000 $4,175,203.00 0.28%
CCO HLDGS LLC/CAP CORP 4.50%, due 08/15/2030 1248EPCE1 4,747,000 $3,991,454.52 0.27%
ION TRADING TECHNOLOGIES 5.75%, due 05/15/2028 46205YAA9 4,318,000 $3,966,365.83 0.27%
ADVANCED DRAINAGE SYSTEM 6.375%, due 06/15/2030 00790RAB0 3,800,000 $3,829,912.50 0.26%
CHARLES RIVER LABORATORIES 4%, due 03/15/2031 159864AJ6 4,291,000 $3,835,434.83 0.26%
GOTO GROUP INC 5.50%, due 05/01/2028 38349YAB1 5,632,950 $3,823,289.89 0.26%
HCA INC 5.50%, due 06/15/2047 404119BV0 4,000,000 $3,799,989.00 0.26%
HERC HOLDINGS INC 5.50%, due 07/15/2027 42704LAA2 3,906,000 $3,835,469.74 0.26%
RADIATE HOLDCO LLC RADIAT TL B 1L USD LX199686 4,508,846 $3,776,632.03 0.26%
BERRY GLOBAL INC 4.50%, due 02/15/2026 08576PAA9 3,864,000 $3,757,264.34 0.25%
BUILDERS FIRSTSOURCE INC 6.375%, due 03/01/2034 12008RAS6 3,670,000 $3,693,533.76 0.25%
STATION CASINOS LLC 4.50%, due 02/15/2028 857691AG4 3,903,000 $3,677,426.50 0.25%
GFL ENVIRONMENTAL INC 4.75%, due 06/15/2029 36168QAN4 3,814,000 $3,586,626.87 0.24%
SUMMIT MATERIALS LLC/FIN 5.25%, due 01/15/2029 86614RAN7 3,623,000 $3,532,418.84 0.24%
ARTHUR J GALLAGHER & CO 6.75%, due 02/15/2054 04316JAG4 3,000,000 $3,406,773.09 0.23%
TRANSDIGM INC 6.25%, due 03/15/2026 893647BE6 3,412,000 $3,412,000.00 0.23%
TRANSDIGM INC 6.375%, due 03/01/2029 893647BU0 3,354,000 $3,372,003.37 0.23%
WCG PURCHASER CORP WESINS TL B 1L USD LX184508 3,441,183 $3,446,378.78 0.23%
ARTHUR J GALLAGHER & CO 5.75%, due 07/15/2054 04316JAJ8 3,287,000 $3,277,770.63 0.22%
ASSUREDPARTNERS INC 7.50%, due 02/15/2032 04624VAC3 3,242,000 $3,191,315.87 0.22%
BANK OF AMERICA CORP N/C, 5.875%, due 02/07/2042 06051GEN5 3,000,000 $3,200,152.80 0.22%
GARDA WORLD SECURITY 7.75%, due 02/15/2028 36485MAM1 3,128,000 $3,193,112.45 0.22%
MCDONALD'S CORP 6.30%, due 10/15/2037 58013MEC4 3,000,000 $3,299,784.33 0.22%
TENET HEALTHCARE CORP 6.125%, due 10/01/2028 88033GDK3 3,197,000 $3,188,565.42 0.22%
ACUSHNET CO 7.375%, due 10/15/2028 005095AA2 2,947,000 $3,055,331.72 0.21%
OPEN TEXT HOLDINGS INC 4.125%, due 12/01/2031 683720AC0 3,487,000 $3,063,137.75 0.21%
VISTRA CORP 5%, due 07/31/2027 92840VAF9 3,189,000 $3,086,473.49 0.21%
T-MOBILE USA INC 5.20%, due 01/15/2033 87264ACV5 3,000,000 $3,001,704.15 0.20%
ALTICE FRANCE SA SFRFP TL B13 1L USD LX174852 3,217,332 $2,731,161.35 0.19%
FIRSTCASH INC 4.625%, due 09/01/2028 33767DAB1 3,000,000 $2,828,254.26 0.19%
MOLINA HEALTHCARE INC 4.375%, due 06/15/2028 60855RAJ9 3,032,000 $2,861,228.67 0.19%
TRINET GROUP INC 7.125%, due 08/15/2031 896288AC1 2,661,000 $2,729,885.31 0.19%
CROWDSTRIKE HOLDINGS INC 3%, due 02/15/2029 22788CAA3 3,000,000 $2,669,567.10 0.18%
CSC HOLDINGS LLC 7.50%, due 04/01/2028 126307AY3 3,914,000 $2,641,196.16 0.18%
FIESTA PURCHASER INC 7.875%, due 03/01/2031 31659AAA4 2,623,000 $2,708,436.36 0.18%
WAND NEWCO 3 INC 7.625%, due 01/30/2032 933940AA6 2,633,000 $2,726,410.95 0.18%
GFL ENVIRONMENTAL INC 6.75%, due 01/15/2031 36168QAQ7 2,500,000 $2,563,180.50 0.17%
HOWMET AEROSPACE INC 5.95%, due 02/01/2037 013817AK7 2,500,000 $2,580,242.50 0.17%
MGM RESORTS INTL 5.75%, due 06/15/2025 552953CE9 2,440,000 $2,438,186.79 0.17%
MSCI INC 4%, due 11/15/2029 55354GAH3 2,750,000 $2,534,230.88 0.17%
NORDSTROM INC 4.375%, due 04/01/2030 655664AT7 2,854,000 $2,578,806.19 0.17%
SRS DISTRIBUTION INC 6.125%, due 07/01/2029 78471RAC0 2,715,000 $2,541,276.92 0.17%
KRAFT HEINZ FOODS CO 7.125%, due 08/01/2039 42307TAH1 2,000,000 $2,302,722.22 0.16%
SEALED AIR/SEALED AIR US 6.125%, due 02/01/2028 812127AA6 2,351,000 $2,355,370.51 0.16%
UNITEDHEALTH GROUP INC 6.875%, due 02/15/2038 91324PBK7 2,000,000 $2,343,579.48 0.16%
ALTICE FRANCE SA 5.50%, due 01/15/2028 02156LAC5 2,989,000 $2,167,166.59 0.15%
KRAFT HEINZ FOODS CO N/C, 6.875%, due 01/26/2039 50076QAR7 2,000,000 $2,262,388.02 0.15%
LIGHT & WONDER INTERNATIONAL 7.50%, due 09/01/2031 531968AA3 2,070,000 $2,155,483.24 0.15%
MCDONALD'S CORP 6.30%, due 03/01/2038 58013MEF7 2,000,000 $2,202,544.80 0.15%
NFP CORP 6.875%, due 08/15/2028 65342RAD2 2,200,000 $2,227,550.60 0.15%
STANDARD INDUSTRIES INC 4.375%, due 07/15/2030 853496AG2 2,492,000 $2,239,054.82 0.15%
WMG ACQUISITION CORP 3%, due 02/15/2031 92933BAR5 2,606,000 $2,203,177.29 0.15%
ALTICE FRANCE SA 5.50%, due 10/15/2029 02156LAH4 2,996,000 $2,049,496.94 0.14%
ARTHUR J GALLAGHER & CO 5.50%, due 03/02/2033 04316JAD1 2,000,000 $2,018,472.26 0.14%
GRAPHIC PACKAGING INTERNATIONAL 3.75%, due 02/01/2030 38869AAD9 2,353,000 $2,093,019.15 0.14%
HUB INTERNATIONAL LTD 7.25%, due 06/15/2030 44332PAH4 1,950,000 $2,004,609.75 0.14%
JPMORGAN CHASE & CO Variable rate, due 09/14/2033 46647PDK9 2,000,000 $2,039,056.10 0.14%
ORACLE CORP 6.125%, due 07/08/2039 68389XAH8 2,000,000 $2,095,034.10 0.14%
SILGAN HOLDINGS INC 4.125%, due 02/01/2028 827048AW9 2,200,000 $2,077,280.26 0.14%
USI INC/NY 7.50%, due 01/15/2032 90346KAB5 2,000,000 $2,001,467.80 0.14%
CEMEX SAB DE CV 5.20%, due 09/17/2030 151290BX0 2,000,000 $1,934,976.18 0.13%
CLARIVATE SCIENCE HOLDINGS CORP 3.875%, due 07/01/2028 18064PAC3 2,027,000 $1,878,395.97 0.13%
GRAPHIC PACKAGING INTERNATIONAL N/C, 3.50%, due 03/15/2028 38869AAB3 2,000,000 $1,848,515.40 0.13%
RITCHIE BROS HLDGS INC 6.75%, due 03/15/2028 76774LAB3 1,945,000 $1,986,267.07 0.13%
THE BRINK'S CO 4.625%, due 10/15/2027 109696AA2 2,061,000 $1,956,629.51 0.13%
LAMB WESTON HLD 4.875%, due 05/15/2028 513272AC8 1,877,000 $1,824,573.84 0.12%
ORACLE CORP 6.90%, due 11/09/2052 68389XCK9 1,500,000 $1,718,598.24 0.12%
RAISING CANE'S RESTAURANTS 9.375%, due 05/01/2029 75103AAA3 1,688,000 $1,825,450.46 0.12%
SIRIUS XM RADIO INC 4.125%, due 07/01/2030 82967NBG2 2,000,000 $1,746,449.00 0.12%
T-MOBILE USA INC 4.375%, due 04/15/2040 87264AAX3 2,000,000 $1,778,033.92 0.12%
ALLIANT HOLD / CO-ISSUER 5.875%, due 11/01/2029 01883LAD5 1,790,000 $1,661,986.54 0.11%
GOLDMAN SACHS GROUP INC N/C, 6.25%, due 02/01/2041 38141GGM0 1,500,000 $1,630,170.24 0.11%
ZIPRECRUITER INC 5%, due 01/15/2030 98980BAA1 1,849,000 $1,636,341.53 0.11%
ARTHUR J GALLAGHER & CO 5.45%, due 07/15/2034 04316JAH2 1,431,000 $1,439,863.16 0.10%
CAESARS ENTERTAINMENT INC 8.125%, due 07/01/2027 28470RAK8 1,426,000 $1,461,016.59 0.10%
CENTRAL PARENT/MERGER SUB 7.25%, due 06/15/2029 15477CAA3 1,387,000 $1,418,616.83 0.10%
CSC HOLDINGS LLC 11.25%, due 05/15/2028 126307BM8 1,481,000 $1,469,331.79 0.10%
GTCR W-2 MERGER SUB LLC 7.50%, due 01/15/2031 36268NAA8 1,362,000 $1,426,700.45 0.10%
LABL INC 9.50%, due 11/01/2028 50168QAE5 1,388,000 $1,406,459.26 0.10%
RITCHIE BROS HLDGS INC 7.75%, due 03/15/2031 76774LAC1 1,375,000 $1,445,059.00 0.10%
VISTRA OPERATIONS CO LLC 7.75%, due 10/15/2031 92840VAP7 1,359,000 $1,424,309.82 0.10%
AMER SPORTS COMPANY 6.75%, due 02/16/2031 02352NAA7 1,299,000 $1,295,465.55 0.09%
BEACON ROOFING SUPPLY INC 6.50%, due 08/01/2030 073685AK5 1,314,000 $1,333,918.93 0.09%
CEMEX SAB DE CV N/C, 5.45%, due 11/19/2029 151290BV4 1,304,000 $1,284,640.95 0.09%
LPL HOLDINGS INC 4.625%, due 11/15/2027 50212YAC8 1,455,000 $1,397,128.48 0.09%
MAVIS TIRE EXPRESS SERVICES 6.50%, due 05/15/2029 59155LAA0 1,365,000 $1,300,725.97 0.09%
MGM RESORTS INTL 6.50%, due 04/15/2032 552953CJ8 1,357,000 $1,355,389.20 0.09%
SEALED AIR CORP 5%, due 04/15/2029 81211KBA7 1,434,000 $1,378,199.48 0.09%
STANDARD INDUSTRIES INC 4.75%, due 01/15/2028 853496AD9 1,426,000 $1,361,894.60 0.09%
STANDARD INDUSTRIES INC 5%, due 02/15/2027 853496AC1 1,392,000 $1,353,268.38 0.09%
US FOODS INC 4.75%, due 02/15/2029 90290MAD3 1,397,000 $1,328,485.53 0.09%
ACADIA HEALTHCARE CO INC 5%, due 04/15/2029 00404AAP4 1,290,000 $1,226,222.02 0.08%
CCO HLDGS LLC/CAP CORP 4.75%, due 03/01/2030 1248EPCD3 1,431,000 $1,230,362.39 0.08%
EMERALD DEBT MERGER 6.625%, due 12/15/2030 29103CAA6 1,189,000 $1,200,573.26 0.08%
ENERGIZER HOLDINGS INC 4.375%, due 03/31/2029 29272WAD1 1,350,000 $1,214,169.98 0.08%
IQVIA INC 5%, due 05/15/2027 46266TAA6 1,278,000 $1,248,112.69 0.08%
MPH ACQUISITION HOLDINGS 5.50%, due 09/01/2028 553283AD4 1,441,000 $1,226,881.45 0.08%
SCRIPPS ESCROW II INC 3.875%, due 01/15/2029 81105DAA3 1,389,000 $1,107,003.69 0.08%
SIRIUS XM RADIO INC 3.125%, due 09/01/2026 82967NBL1 1,185,000 $1,108,821.21 0.08%
THE BRINK'S CO 5.50%, due 07/15/2025 109696AB0 1,200,000 $1,194,438.36 0.08%
UNITEDHEALTH GROUP INC 6.50%, due 06/15/2037 91324PAX0 1,000,000 $1,128,861.04 0.08%
UNITEDHEALTH GROUP INC 6.625%, due 11/15/2037 91324PBE1 1,000,000 $1,135,486.93 0.08%
ACADIA HEALTHCARE CO INC 5.50%, due 07/01/2028 00404AAN9 1,000,000 $979,080.00 0.07%
ARAMARK SERVICES INC 5%, due 02/01/2028 038522AQ1 1,055,000 $1,018,458.39 0.07%
AXALTA COAT/DUTCH HLD BV 4.75%, due 06/15/2027 05454NAA7 1,000,000 $968,458.90 0.07%
BERRY GLOBAL INC 5.625%, due 07/15/2027 085770AB1 981,000 $971,894.75 0.07%
BROWN & BROWN INC 2.375%, due 03/15/2031 115236AC5 1,325,000 $1,098,522.36 0.07%
CHARLOTTE BUYER INC KAHPIC TL B 1L USD LX206518 955,055 $959,233.67 0.07%
DUN & BRADSTREET CORP 5%, due 12/15/2029 26483EAL4 1,097,000 $1,011,532.08 0.07%
JPMORGAN CHASE & CO N/C, 5.40%, due 01/06/2042 48126BAA1 1,000,000 $1,022,367.06 0.07%
JPMORGAN CHASE & CO N/C, 5.60%, due 07/15/2041 46625HJB7 1,000,000 $1,047,750.58 0.07%
JPMORGAN CHASE & CO N/C, 5.625%, due 08/16/2043 46625HJM3 1,000,000 $1,040,205.24 0.07%
LEVEL 3 FINANCING INC 4.25%, due 07/01/2028 527298BR3 2,000,000 $990,000.00 0.07%
MASONITE INTERNATIONAL CORP 5.375%, due 02/01/2028 575385AD1 1,000,000 $1,002,440.00 0.07%
MCDONALD'S CORP 5.70%, due 02/01/2039 58013MEH3 1,000,000 $1,048,980.80 0.07%
PULTEGROUP INC 6.375%, due 05/15/2033 745867AP6 1,000,000 $1,061,125.21 0.07%
SRS DISTRIBUTION INC 6%, due 12/01/2029 78471RAD8 1,112,000 $1,040,068.61 0.07%
T-MOBILE USA INC 5.65%, due 01/15/2053 87264ACW3 1,000,000 $1,015,939.82 0.07%
UNITEDHEALTH GROUP INC 5.70%, due 10/15/2040 91324PBN1 1,000,000 $1,050,725.06 0.07%
ABC SUPPLY CO INC 4%, due 01/15/2028 024747AF4 1,000,000 $937,972.70 0.06%
BALL CORP 3.125%, due 09/15/2031 058498AX4 1,000,000 $849,764.10 0.06%
BANK OF AMERICA CORP Variable rate, due 04/24/2038 06051GGM5 1,000,000 $898,074.91 0.06%
CEDAR FAIR/CAN/MAGNUM/MI 5.375%, due 04/15/2027 150190AB2 850,000 $837,911.81 0.06%
CHARLES RIVER LABORATORIES 3.75%, due 03/15/2029 159864AG2 1,000,000 $911,708.20 0.06%
CHARLES RIVER LABORATORIES 4.25%, due 05/01/2028 159864AE7 950,000 $898,293.50 0.06%
GFL ENVIRONMENTAL INC 4.375%, due 08/15/2029 36168QAP9 1,000,000 $919,347.10 0.06%
GRAPHIC PACKAGING INTERNATIONAL 3.50%, due 03/01/2029 38869AAC1 1,000,000 $900,886.70 0.06%
HCA INC 5.125%, due 06/15/2039 404119BY4 1,000,000 $944,766.32 0.06%
LEVEL 3 FINANCING INC 3.625%, due 01/15/2029 527298BS1 2,000,000 $910,000.00 0.06%
MEDLINE BORROWER LP 6.25%, due 04/01/2029 58506DAA6 904,000 $908,597.74 0.06%
MSCI INC 3.625%, due 11/01/2031 55354GAM2 1,000,000 $867,813.40 0.06%
MSCI INC 3.875%, due 02/15/2031 55354GAL4 1,000,000 $892,089.30 0.06%
SCOTTS MIRACLE-GRO CO 4%, due 04/01/2031 810186AX4 1,000,000 $860,880.70 0.06%
SIRIUS XM RADIO INC 5.50%, due 07/01/2029 82967NBC1 857,000 $816,643.30 0.06%
STANDARD INDUSTRIES INC 3.375%, due 01/15/2031 853496AH0 1,000,000 $840,068.80 0.06%
T-MOBILE USA INC 2.70%, due 03/15/2032 87264ACQ6 1,000,000 $841,238.56 0.06%
TOPBUILD CORP 3.625%, due 03/15/2029 89055FAB9 1,000,000 $907,433.60 0.06%
VETSTRATEGY CANADA HOLD INDVET TL B 1L USD 955,554 $958,540.02 0.06%
BALL CORP 6.875%, due 03/15/2028 058498AY2 697,000 $716,771.10 0.05%
BERRY GLOBAL INC 5.65%, due 01/15/2034 08576PAP6 786,000 $783,233.65 0.05%
CAMELOT FINANCE SA 4.50%, due 11/01/2026 13323AAB6 774,000 $745,434.60 0.05%
CCO HLDGS LLC/CAP CORP 4.50%, due 05/01/2032 1248EPCJ0 1,000,000 $803,195.00 0.05%
CDW LLC/CDW FINANCE 3.25%, due 02/15/2029 12513GBF5 750,000 $680,622.68 0.05%
IQVIA INC 5%, due 10/15/2026 449934AD0 800,000 $782,712.64 0.05%
ORACLE CORP 3.60%, due 04/01/2050 68389XBX2 1,000,000 $717,498.93 0.05%
SCIENTIFIC GAMES HOLDINGS LP/FINCO 6.625%, due 03/01/2030 80874DAA4 716,000 $692,333.64 0.05%
SEAWORLD PARKS & ENTERTAINMENT 5.25%, due 08/15/2029 81282UAG7 717,000 $673,528.36 0.05%
T-MOBILE USA INC 3.40%, due 10/15/2052 87264ACT0 1,000,000 $706,284.78 0.05%
BRINKER INTERNATIONAL INC 5%, due 10/01/2024 109641AH3 661,000 $655,171.70 0.04%
CORELOGIC INC 4.50%, due 05/01/2028 21871DAD5 696,000 $625,600.09 0.04%
LABL INC 10.50%, due 07/15/2027 50168AAA8 629,000 $621,947.09 0.04%
LIVE NATION ENTERTAINMENT 6.50%, due 05/15/2027 538034AV1 523,000 $528,464.30 0.04%
PRESTIGE BRANDS INC 3.75%, due 04/01/2031 74112BAM7 750,000 $653,632.05 0.04%
PROAMPAC PG BORROWER LLC PROLAM TL B 1L USD LX216983 632,409 $634,306.24 0.04%
SENSATA TECHNOLOGIES INC 3.75%, due 02/15/2031 81728UAB0 667,000 $576,799.30 0.04%
WYNDHAM HOTELS & RESORTS 4.375%, due 08/15/2028 98311AAB1 711,000 $659,347.83 0.04%
ABC SUPPLY CO INC 3.875%, due 11/15/2029 024747AG2 500,000 $449,720.80 0.03%
ATKORE INC 4.25%, due 06/01/2031 047649AA6 500,000 $442,701.00 0.03%
AXALTA COATING SYSTEMS 3.375%, due 02/15/2029 05453GAC9 500,000 $447,547.90 0.03%
BANK OF AMERICA CORP Variable rate, due 03/20/2051 06051GJA8 500,000 $409,079.93 0.03%
BLOCK INC 2.75%, due 06/01/2026 852234AN3 500,000 $468,707.80 0.03%
BOYD GAMING CORP 4.75%, due 12/01/2027 103304BU4 500,000 $483,411.65 0.03%
CIENA CORP 4%, due 01/31/2030 171779AL5 500,000 $446,864.45 0.03%
CSC HOLDINGS LLC 5%, due 11/15/2031 126307BK2 1,000,000 $505,344.30 0.03%
GFL ENVIRONMENTAL INC 5.125%, due 12/15/2026 36168QAF1 500,000 $491,664.05 0.03%
KRAFT HEINZ FOODS CO 4.375%, due 06/01/2046 50077LAB2 500,000 $422,397.37 0.03%
KRAFT HEINZ FOODS CO 5.20%, due 07/15/2045 50077LAM8 500,000 $474,382.39 0.03%
MGM RESORTS INTL 6.75%, due 05/01/2025 552953CG4 430,000 $430,273.61 0.03%
PACTIV LLC N/C, 7.95%, due 12/15/2025 880394AB7 420,000 $430,857.00 0.03%
SBA COMMUNICATIONS CORP 3.875%, due 02/15/2027 78410GAD6 500,000 $474,156.14 0.03%
SEALED AIR CORP 5.50%, due 09/15/2025 81211KAX8 376,000 $375,361.78 0.03%
SENSATA TECHNOLOGIES BV 4%, due 04/15/2029 81725WAK9 500,000 $456,779.15 0.03%
THE CIGNA GROUP 4.90%, due 12/15/2048 125523AK6 500,000 $455,010.97 0.03%
TRI POINTE HOMES INC 5.70%, due 06/15/2028 87265HAG4 500,000 $492,387.90 0.03%
WELLS FARGO & COMPANY Variable rate, due 04/04/2051 95000U2M4 500,000 $467,675.18 0.03%
AHP HEALTH PARTNERS INC 5.75%, due 07/15/2029 00150LAB7 273,000 $248,804.09 0.02%
ALTICE FRANCE SA 5.125%, due 07/15/2029 02156LAF8 500,000 $342,292.16 0.02%
BOOZ ALLEN HAMILTON INC 3.875%, due 09/01/2028 09951LAA1 342,000 $320,430.06 0.02%
BROADCOM INC 4.926%, due 05/15/2037 11135FBV2 250,000 $237,262.60 0.02%
CEDAR FAIR LP 5.25%, due 07/15/2029 150190AE6 250,000 $236,988.50 0.02%
GARTNER INC 3.75%, due 10/01/2030 366651AE7 250,000 $223,914.15 0.02%
GARTNER INC 4.50%, due 07/01/2028 366651AC1 250,000 $238,416.18 0.02%
GENERAL MOTORS CO 6.60%, due 04/01/2036 37045VAK6 250,000 $265,706.81 0.02%
H.B. FULLER CO 4.25%, due 10/15/2028 40410KAA3 250,000 $231,942.30 0.02%
Morgan Stanley N/C, 6.375%, due 07/24/2042 617482V92 250,000 $282,222.18 0.02%
MORGAN STANLEY Variable rate, due 03/24/2051 6174468N2 250,000 $260,917.64 0.02%
PRESTIGE BRANDS INC 5.125%, due 01/15/2028 74112BAL9 250,000 $243,697.08 0.02%
SCOTTS MIRACLE-GRO CO 4.50%, due 10/15/2029 810186AS5 250,000 $226,383.45 0.02%
SEALED AIR/SEALED AIR US 7.25%, due 02/15/2031 812127AB4 338,000 $351,697.79 0.02%
SUMMIT MATERIALS LLC/FIN 7.25%, due 01/15/2031 86614RAP2 340,000 $353,480.79 0.02%
TELEFLEX INC 4.25%, due 06/01/2028 879369AG1 300,000 $281,699.43 0.02%
TRI POINTE HOMES INC 5.25%, due 06/01/2027 87265HAF6 290,000 $283,525.66 0.02%
WELLS FARGO BANK NA N/C, 6.60%, due 01/15/2038 92976GAJ0 250,000 $273,464.96 0.02%
180 MEDICAL INC 3.875%, due 10/15/2029 682357AA6 200,000 $180,176.12 0.01%
AURIS LUXEMBOURG III SA AURLUX TL B 1L USD LX228128 208,818 $209,536.46 0.01%
BEACON ROOFING SUPPLY INC 4.125%, due 05/15/2029 073685AH2 100,000 $90,777.27 0.01%
BLOCK INC 3.50%, due 06/01/2031 852234AP8 250,000 $217,233.33 0.01%
BROADCOM INC 3.137%, due 11/15/2035 11135FBP5 250,000 $201,642.55 0.01%
BUILDERS FIRSTSOURCE INC 4.25%, due 02/01/2032 12008RAP2 100,000 $89,501.54 0.01%
CAESARS ENTERTAINMENT INC 7%, due 02/15/2030 12769GAB6 173,000 $177,510.28 0.01%
CHURCHILL DOWNS INC 5.75%, due 04/01/2030 12511VAA6 179,000 $172,911.76 0.01%
CROWN AMERICAS LLC 5.25%, due 04/01/2030 228180AB1 175,000 $169,327.80 0.01%
GYP HOLDINGS III CORP 4.625%, due 05/01/2029 36261NAA5 176,000 $163,641.84 0.01%
MOLINA HEALTHCARE INC 3.875%, due 11/15/2030 60855RAK6 100,000 $88,956.42 0.01%
SERVICE CORP INTL 3.375%, due 08/15/2030 817565CF9 100,000 $86,600.73 0.01%
UNITED RENTALS (NORTH AMERICA) 5.50%, due 05/15/2027 911365BF0 127,000 $126,657.19 0.01%
VICI PROPERTIES / NOTE 3.75%, due 02/15/2027 92564RAD7 140,000 $133,002.52 0.01%
VICI PROPERTIES / NOTE 3.875%, due 02/15/2029 92564RAL9 100,000 $92,181.76 0.01%
VIRGIN MEDIA FINANCE PLC 5%, due 07/15/2030 92769VAJ8 250,000 $212,097.39 0.01%
ZAYO GROUP HOLDINGS INC ZAYO TL 1L USD LX204417 244,022 $220,077.64 0.01%
Akorn Oct 2020 Equity .AKRX 259,956 $19,496.70 0.00%
Holdings are subject to change.

The holdings information set forth above for the date indicated reflects creation and redemption transactions from the prior business day and may differ from the holdings information currently available from the Fund's custodian and accounting agent. With respect to the market value of the Fund's holdings set forth above, the pricing sources are generally third party vendors. The Fund ultimately relies on pricing information provided by the Fund's accounting agent.