| Plains All American Pipeline LP 8.6979% 12/31/2199 | 3.71 | 597,000 |
| Genesis Energy LP / Genesis Energy Finance Corp 7.875% 05/15/2032 | 2.98 | 464,000 |
| Land O' Lakes Inc 7.25% 06/15/2174 | 2.97 | 556,000 |
| Crescent Energy Finance LLC 7.375% 01/15/2033 | 2.82 | 476,000 |
| BW Real Estate Inc 9.5% 06/30/2174 | 2.75 | 438,000 |
| Organon & Co / Organon Foreign Debt Co-Issuer BV 7.875% 05/15/2034 | 2.67 | 479,000 |
| Lincoln National Corp 6.9435% 05/17/2066 | 2.60 | 504,000 |
| Warnermedia Holdings Inc 5.391% 03/15/2062 | 2.43 | 805,000 |
| ILFC E-Capital Trust II 6.68% 12/21/2065 | 2.40 | 455,000 |
| New York Community Capital Trust V | 2.30 | 9,410 |
| Freedom Mortgage Corp 12.25% 10/01/2030 | 2.19 | 320,000 |
| K Hovnanian Enterprises Inc 11.75% 09/30/2029 | 2.16 | 321,000 |
| Navient Corp 6% 12/15/2043 | 2.16 | 18,364 |
| Civitas Resources Inc 8.75% 07/01/2031 | 2.10 | 334,000 |
| Hudson Pacific Properties LP 5.95% 02/15/2028 | 2.09 | 351,000 |
| Chemours Co/The 8% 01/15/2033 | 2.04 | 353,000 |
| Qwest Corp 6.75% 06/15/2057 | 2.02 | 16,267 |
| Office Properties Income Trust 9% 03/31/2029 | 1.89 | 307,000 |
| Franklin BSP Realty Trust Inc | 1.79 | 13,311 |
| Pitney Bowes Inc 6.7% 03/07/2043 | 1.74 | 13,326 |
| MFA Financial Inc 8.875% 02/15/2029 | 1.70 | 11,080 |
| Global Net Lease Inc 7.5% 07/15/2174 | 1.69 | 11,840 |
| Kohl's Corp 6% 01/15/2033 | 1.66 | 400,000 |
| New York Mortgage Trust Inc 9.125% 07/01/2029 | 1.63 | 10,724 |
| Uniti Group LP / Uniti Group Finance 2019 Inc / CSL Capital LLC 6.5% 02/15/2029 | 1.54 | 256,000 |
| Rithm Capital Corp 8% 04/01/2029 | 1.48 | 234,000 |
| Garrett Motion Holdings Inc / Garrett LX I Sarl 7.75% 05/31/2032 | 1.48 | 230,000 |
| Algonquin Power & Utilities Corp 4.75% 01/18/2082 | 1.48 | 246,000 |
| Energy Transfer LP 9.25% 05/15/2174 | 1.48 | 20,741 |
| Talos Production Inc 9.375% 02/01/2031 | 1.47 | 232,000 |
| Paramount Global 6.25% 02/28/2057 | 1.47 | 247,000 |
| Vodafone Group PLC 5.125% 06/04/2081 | 1.47 | 306,000 |
| General Motors Financial Co Inc 5.75% 03/30/2174 | 1.46 | 241,000 |
| Noble Finance II LLC 8% 04/15/2030 | 1.45 | 230,000 |
| PPL Capital Funding Inc 7.2222% 03/30/2067 | 1.44 | 234,000 |
| Delek Logistics Partners LP / Delek Logistics Finance Corp 8.625% 03/15/2029 | 1.44 | 223,000 |
| HCA Inc 7.5% 11/15/2095 | 1.42 | 215,000 |
| NRG Energy Inc 10.25% 09/15/2173 | 1.42 | 208,000 |
| AES Corp/The 6.95% 07/15/2055 | 1.41 | 236,000 |
| Diversified Healthcare Trust 6.25% 02/01/2046 | 1.41 | 12,984 |
| Diversified Healthcare Trust 5.625% 08/01/2042 | 1.40 | 13,413 |
| World Acceptance Corp 7% 11/01/2026 | 1.36 | 216,000 |
| PBF Holding Co LLC / PBF Finance Corp 7.875% 09/15/2030 | 1.34 | 236,000 |
| Vital Energy Inc 9.75% 10/15/2030 | 1.28 | 220,000 |
| Ford Motor Co 7.7% 05/15/2097 | 1.10 | 172,000 |
| SPDR Bloomberg High Yield Bond ETF | 1.08 | 1,815 |
| iShares iBoxx $ High Yield Corporate Bond ETF | 1.05 | 2,109 |
| Vornado Realty Trust 5.4% 07/01/2174 | 1.05 | 9,444 |
| Pebblebrook Hotel Trust 5.7% 07/15/2174 | 1.01 | 9,700 |
| Banc of California Inc 7.75% 06/02/2174 | 0.97 | 6,284 |
| PennyMac Mortgage Investment Trust 6.75% 06/16/2174 | 0.93 | 8,021 |
| New Mountain Finance Corp 8.25% 11/15/2028 | 0.93 | 5,922 |
| Valley National Bancorp 5.5% 09/30/2173 | 0.93 | 5,969 |
| Telephone and Data Systems Inc 6% 06/30/2174 | 0.91 | 7,959 |
| Trinity Capital Inc 7.875% 09/30/2029 | 0.84 | 5,358 |
| Two Harbors Investment Corp 8.125% 07/28/2174 | 0.83 | 5,756 |
| Angel Oak Mortgage REIT Inc 9.5% 07/30/2029 | 0.83 | 5,355 |
| Chimera Investment Corp 9% 05/15/2029 | 0.82 | 5,338 |
| Rithm Capital Corp 6.375% 05/15/2174 | 0.80 | 5,223 |
| Redwood Trust Inc 9% 09/01/2029 | 0.80 | 5,350 |
| Compass Diversified Holdings 7.875% 07/30/2174 | 0.61 | 5,349 |
| AG Mortgage Investment Trust Inc 9.5% 02/15/2029 | 0.43 | 2,788 |
| AG Mortgage Investment Trust Inc 9.5% 05/15/2029 | 0.41 | 2,667 |
| Kosmos Energy Ltd 7.5% 03/01/2028 | 0.27 | 51,000 |
| Cash & Other | 0.14 | 22,691 |
| Office Properties Income Trust 6.375% 06/23/2050 | 0.07 | 1,584 |
