Strategic Advisers Income Opportunities Fund

Fund Profile

Fund profile

Tickers

FPIOX

Fund manager

Fidelity Rutland Square Trust II

Total assets

$1.35 bn

Liabilities

$9.35 mm

Net assets

$1.34 bn

Number of holdings

1.31 k

Top 200 of 1310 Holdings

As of Aug 2024

Security	$Holding	Balance	% of Fund	Category	Position	Country
Fidelity Capital and Income Fund	152.09 mm	15.15 mm shares	11.35	Common equity	Long	USA
BlackRock High Yield K	138.65 mm	19.28 mm shares	10.35	Common equity	Long	USA
Artisan High Income Investor	136.92 mm	15.06 mm shares	10.22	Common equity	Long	USA
Eaton Vance Income Fund of Boston A	109.56 mm	20.91 mm shares	8.18	Common equity	Long	USA
NYLI MacKay High Yield Corporate Bd Cl A	70.78 mm	13.51 mm shares	5.28	Common equity	Long	USA
Vanguard High-Yield Corporate Adm	40.36 mm	7.36 mm shares	3.01	Common equity	Long	USA
State Street Instl US Govt MMkt Premier	8.38 mm	8.38 mm shares	0.63	Common equity	Long	USA
UST NOTES 4% 02/15/2034	5.83 mm	5.80 mm principal	0.44	Debt	Long	USA
TPC GROUP INC P/P	4.92 mm	127.05 k shares	0.37	Common equity	Long	USA
MESQUITE ENERGY INC	3.93 mm	46.77 k shares	0.29	Common equity	Long	USA
CPNLQ Calpine Corp	3.84 mm	3.94 mm principal	0.29	Debt	Long	USA
ASURION TERM B4 2LN 01/20/2029	3.72 mm	4.04 mm principal	0.28	Loan	Long	USA
RIVIAN HOLDCO and RIVIAN LLC and RIVIAN AUTOMOTIVE LLC FRN TSFR6M+603 5 10/15/2026 144A	3.61 mm	3.61 mm principal	0.27	Debt	Long	USA
BATTALION CLO XV LTD TSFR3M+ 01/17/2033 144A	3.51 mm	3.50 mm principal	0.26	ABS-collateralized bond/debt obligation	Long	Cayman Islands
CLOUD SOFTWARE GROUP INC 9% 09/30/2029 144A	3.25 mm	3.23 mm principal	0.24	Debt	Long	USA
PCG+A Pacific Gas & Electric Co.	3.19 mm	3.26 mm principal	0.24	Debt	Long	USA
VENTURE GLOBAL LNG INC 8.375% 06/01/2031 144A	3.14 mm	2.96 mm principal	0.23	Debt	Long	USA
UKG INC 6.875% 02/01/2031 144A	2.93 mm	2.84 mm principal	0.22	Debt	Long	USA
BOOST NEWCO BORROWER LLC 7.5% 01/15/2031 144A	2.65 mm	2.49 mm principal	0.20	Debt	Long	USA
MCFE McAfee Corp.	2.63 mm	2.74 mm principal	0.20	Debt	Long	USA
MEDLINE BORROWER LP/MEDLINE CO-ISSUER INC 6.25% 04/01/2029 144A	2.57 mm	2.50 mm principal	0.19	Debt	Long	USA
TICP CLO VII LTD TSFR3M+130 04/15/2033 144A	2.51 mm	2.50 mm principal	0.19	ABS-collateralized bond/debt obligation	Long	Cayman Islands
THC Tenet Healthcare Corporation	2.49 mm	2.60 mm principal	0.19	Debt	Long	USA
DVA DaVita Inc.	2.47 mm	2.78 mm principal	0.18	Debt	Long	USA
SWN Southwestern Energy Company	2.45 mm	2.59 mm principal	0.18	Debt	Long	USA
JAMESTOWN CLO XII LTD TSFR3M+120 04/20/2032 144A	2.42 mm	2.42 mm principal	0.18	ABS-collateralized bond/debt obligation	Long	Cayman Islands
ROCKFORD TOWER CLO 2020-1 LTD TSFR3M+152 01/20/2036 144A	2.41 mm	2.40 mm principal	0.18	ABS-collateralized bond/debt obligation	Long	Cayman Islands
LEVEL 3 FINANCING INC 11% 11/15/2029 144A	2.39 mm	2.18 mm principal	0.18	Debt	Long	USA
TRINITAS CLO LTD 26A A1 TSFR3M+169 01/20/2035 144A	2.30 mm	2.30 mm principal	0.17	ABS-collateralized bond/debt obligation	Long	Cayman Islands
CCO HLDGS LLC/CAP CORP 6.375% 09/01/2029 144A	2.30 mm	2.33 mm principal	0.17	Debt	Long	USA
SOUND POINT CLO XXIX LTD TSFR3M+ 04/25/2034 144A	2.25 mm	2.25 mm principal	0.17	ABS-collateralized bond/debt obligation	Long	Cayman Islands
TRUIST INSURANCE HOLDING TERM LOAN 03/08/2032	2.24 mm	2.21 mm principal	0.17	Loan	Long	USA
CCL Carnival Corporation & plc	2.23 mm	2.21 mm principal	0.17	Debt	Long	Panama
ORGANON and CO / ORGANON FOREIGN DEBT CO-ISSUER BV 5.125% 04/30/2031 144A	2.21 mm	2.37 mm principal	0.17	Debt	Long	USA
THC Tenet Healthcare Corporation	2.18 mm	2.17 mm principal	0.16	Debt	Long	USA
TRANSDIGM INC 6.875% 12/15/2030 144A	2.18 mm	2.09 mm principal	0.16	Debt	Long	USA
ALLIED UNVL HOLDCO LLC / ALLIED UNVL FIN CORP 9.75% 07/15/2027 144A	2.17 mm	2.16 mm principal	0.16	Debt	Long	USA
ALTICE FING SA 5.75% 08/15/2029 144A	2.13 mm	2.77 mm principal	0.16	Debt	Long	Luxembourg
MEDLINE BORROWER LP 3.875% 04/01/2029 144A	2.08 mm	2.20 mm principal	0.16	Debt	Long	USA
HUB INTERNATIONAL LTD 7.375% 01/31/2032 144A	2.06 mm	1.99 mm principal	0.15	Debt	Long	USA
VST Vistra Corp.	2.04 mm	1.98 mm principal	0.15	Preferred equity	Long	USA
HUB INTERNATIONAL LTD 7.25% 06/15/2030 144A	2.03 mm	1.94 mm principal	0.15	Debt	Long	USA
SIRIUS XM RADIO INC 4% 07/15/2028 144A	1.99 mm	2.12 mm principal	0.15	Debt	Long	USA
TALEN ENERGY SUPPLY LLC 8.625% 06/01/2030 144A	1.98 mm	1.83 mm principal	0.15	Debt	Long	USA
ALLIANT HLDGS INTERMEDIATE LLC/ALLIANT HLDGS CO-ISSUER 7% 01/15/2031 144A	1.97 mm	1.91 mm principal	0.15	Debt	Long	USA
TALLGRASS ENERGY PARTNERS LP / TALLGRASS ENERGY FINANCE CORP 6% 09/01/2031 144A	1.93 mm	2.04 mm principal	0.14	Debt	Long	USA
CCL Carnival Corporation & plc	1.90 mm	1.75 mm principal	0.14	Debt	Long	Panama
ONEMAIN FINANCE CORP 9% 01/15/2029	1.89 mm	1.78 mm principal	0.14	Debt	Long	USA
Legacy Lifepoint Health, Inc.	1.86 mm	1.65 mm principal	0.14	Debt	Long	USA
VISTRA OPERATIONS CO LLC 7.75% 10/15/2031 144A	1.84 mm	1.73 mm principal	0.14	Debt	Long	USA
HEES H&E Equipment Services, Inc.	1.83 mm	1.98 mm principal	0.14	Debt	Long	USA
ENTEGRIS INC 5.95% 06/15/2030 144A	1.83 mm	1.81 mm principal	0.14	Debt	Long	USA
MAVIS TIRE EXPRESS SERVICES TOPCO LP 6.5% 05/15/2029 144A	1.82 mm	1.89 mm principal	0.14	Debt	Long	USA
LIGHT and WONDER INTERNATIONAL INC 7.25% 11/15/2029 144A	1.80 mm	1.74 mm principal	0.13	Debt	Long	USA
THC Tenet Healthcare Corporation	1.78 mm	1.85 mm principal	0.13	Debt	Long	USA
Eldorado Resorts, Inc.	1.77 mm	1.73 mm principal	0.13	Debt	Long	USA
KINETIK HOLDINGS LP 5.875% 06/15/2030 144A	1.75 mm	1.74 mm principal	0.13	Debt	Long	USA
DIAMOND SPORTS TERM DIP 08/02/2027	1.73 mm	1.36 mm principal	0.13	Loan	Long	USA
MEDLINE BORROWER LP 5.25% 10/01/2029 144A	1.73 mm	1.76 mm principal	0.13	Debt	Long	USA
FERTITTA ENTERTAINMENT LLC / FERTITTA ENTERTAINMENT FINANCE CO INC 6.75% 01/15/2030 144A	1.71 mm	1.91 mm principal	0.13	Debt	Long	USA
VENTURE GLOBAL LNG INC 9.5% 02/01/2029 144A	1.70 mm	1.51 mm principal	0.13	Debt	Long	USA
CRK Comstock Resources, Inc.	1.69 mm	1.72 mm principal	0.13	Debt	Long	USA
TEN Tenneco Inc.	1.69 mm	1.81 mm principal	0.13	Debt	Long	USA
NCL CORP LTD 7.75% 02/15/2029 144A	1.66 mm	1.56 mm principal	0.12	Debt	Long	Bermuda
ROYAL CARIBBEAN CRUISES LTD 6% 02/01/2033 144A	1.65 mm	1.62 mm principal	0.12	Debt	Long	Liberia
PANTHER ESCROW ISSUER LLC 7.125% 06/01/2031 144A	1.65 mm	1.58 mm principal	0.12	Debt	Long	USA
OCTAGON INVT PARTNERS 31 LTD / OCTAGON INVT PARTNERS 31 LLC TSFR3M+ 07/20/2030 144A	1.64 mm	1.64 mm principal	0.12	ABS-collateralized bond/debt obligation	Long	Cayman Islands
NAVI Navient Corporation	1.59 mm	1.67 mm principal	0.12	Debt	Long	USA
THC Tenet Healthcare Corporation	1.58 mm	1.56 mm principal	0.12	Debt	Long	USA
BATH and BODY WORKS INC 6.625% 10/01/2030 144A	1.57 mm	1.55 mm principal	0.12	Debt	Long	USA
TALLGRASS ENERGY PARTNERS LP / TALLGRASS ENERGY FINANCE CORP 6% 12/31/2030 144A	1.56 mm	1.64 mm principal	0.12	Debt	Long	USA
CCO HLDGS LLC/CAP CORP 7.375% 03/01/2031 144A	1.56 mm	1.53 mm principal	0.12	Debt	Long	USA
CHS/CMNTY HEALTH SYSTEMS INC 5.25% 05/15/2030 144A	1.55 mm	1.73 mm principal	0.12	Debt	Long	USA
WINDSOR HOLDINGS III LLC 8.5% 06/15/2030 144A	1.55 mm	1.45 mm principal	0.12	Debt	Long	USA
HL Hecla Mining Company	1.55 mm	1.52 mm principal	0.12	Debt	Long	USA
AETHON UNITED BR LP / AETHON UNITED FINANCE CORP 8.25% 02/15/2026 144A	1.52 mm	1.50 mm principal	0.11	Debt	Long	USA
UNIVISION COMMUNICATIONS INC 6.625% 06/01/2027 144A	1.51 mm	1.53 mm principal	0.11	Debt	Long	USA
DVA DaVita Inc.	1.51 mm	1.48 mm principal	0.11	Debt	Long	USA
WYNN MACAU LIMITED 5.5% 10/01/2027 144A	1.51 mm	1.57 mm principal	0.11	Debt	Long	Cayman Islands
ONEMAIN FINANCE CORP 3.875% 09/15/2028	1.50 mm	1.63 mm principal	0.11	Debt	Long	USA
EG GLOBAL FINANCE PLC 12% 11/30/2028 144A	1.49 mm	1.37 mm principal	0.11	Debt	Long	UK
WR GRACE HOLDING LLC 5.625% 08/15/2029 144A	1.49 mm	1.61 mm principal	0.11	Debt	Long	USA
ALLIED UNIVERSAL HOLDCO LLC 7.875% 02/15/2031 144A	1.48 mm	1.46 mm principal	0.11	Debt	Long	USA
UST NOTES 2.625% 05/31/2027	1.48 mm	1.53 mm principal	0.11	Debt	Long	USA
INTELSAT SA/LUXEMBOURG	1.47 mm	35.62 k shares	0.11	Common equity	Long	Luxembourg
C and W SENIOR FINANCE LTD 6.875% 09/15/2027 144A	1.47 mm	1.50 mm principal	0.11	Debt	Long	Cayman Islands
VSAT Viasat, Inc.	1.45 mm	1.47 mm principal	0.11	Debt	Long	USA
CCO HLDGS LLC/CAP CORP 4.5% 06/01/2033 144A	1.44 mm	1.73 mm principal	0.11	Debt	Long	USA
Match Group Inc.	1.42 mm	1.54 mm principal	0.11	Debt	Long	USA
BIG RIV STL LLC / BRS FIN CORP 6.625% 01/31/2029 144A	1.42 mm	1.40 mm principal	0.11	Debt	Long	USA
UNIVISION COMMUNICATIONS INC 8% 08/15/2028 144A	1.42 mm	1.40 mm principal	0.11	Debt	Long	USA
TRANSDIGM INC 7.125% 12/01/2031 144A	1.41 mm	1.34 mm principal	0.11	Debt	Long	USA
MIDAS OPCO HOLDINGS LLC 5.625% 08/15/2029 144A	1.40 mm	1.48 mm principal	0.10	Debt	Long	USA
JANE STREET GRP/JSG FIN 7.125% 04/30/2031 144A	1.40 mm	1.33 mm principal	0.10	Debt	Long	USA
CRESCENT ENERGY FINANCE LLC 9.25% 02/15/2028 144A	1.38 mm	1.30 mm principal	0.10	Debt	Long	USA
INTELSAT JACKSON HLDGS SA 6.5% 03/15/2030 144A	1.38 mm	1.44 mm principal	0.10	Debt	Long	Luxembourg
CZR Caesars Entertainment, Inc.	1.38 mm	1.33 mm principal	0.10	Debt	Long	USA
VENTURE GLOBAL CALCASIEU 6.25% 01/15/2030 144A	1.37 mm	1.32 mm principal	0.10	Debt	Long	USA
CVNA Carvana Co.	1.37 mm	1.28 mm principal	0.10	Debt	Long	USA
DISH DBS CORP 7.75% 07/01/2026	1.37 mm	2.03 mm principal	0.10	Debt	Long	USA
TRANSDIGM INC 6.625% 03/01/2032 144A	1.37 mm	1.32 mm principal	0.10	Debt	Long	USA
KINETIK HOLDINGS LP 6.625% 12/15/2028 144A	1.35 mm	1.32 mm principal	0.10	Debt	Long	USA
HILCORP ENERGY I LP/FIN CO 8.375% 11/01/2033 144A	1.35 mm	1.24 mm principal	0.10	Debt	Long	USA
CONNECT FINCO SARL / CONNECT US FINCO LLC 6.75% 10/01/2026 144A	1.34 mm	1.35 mm principal	0.10	Debt	Long	Luxembourg
PR ST VAR 11/1/2043	1.32 mm	2.09 mm principal	0.10	Debt	Long	USA
ALLIED UNVL HOLDCO LLC / ALLIED UNVL FIN CORP 6% 06/01/2029 144A	1.32 mm	1.48 mm principal	0.10	Debt	Long	USA
BALL Ball Corporation	1.32 mm	1.28 mm principal	0.10	Debt	Long	USA
HHH Howard Hughes Corporation	1.31 mm	1.35 mm principal	0.10	Debt	Long	USA
CCO Clear Channel Outdoor Holdings, Inc.	1.31 mm	1.23 mm principal	0.10	Debt	Long	USA
CCL Carnival Corporation & plc	1.30 mm	1.30 mm principal	0.10	Debt	Long	Panama
ASCEND LEARNING TERM 2LN 12/10/2029	1.30 mm	1.36 mm principal	0.10	Loan	Long	USA
ACRISURE LLC / ACRISURE FINANCE INC 8.25% 02/01/2029 144A	1.28 mm	1.25 mm principal	0.10	Debt	Long	USA
Six Flags Entertainment Corp	1.28 mm	1.24 mm principal	0.10	Debt	Long	USA
ACRISURE LLC / ACRISURE FINANCE INC 7.5% 11/06/2030 144A	1.28 mm	1.25 mm principal	0.10	Debt	Long	USA
AVANTOR FUNDING INC 4.625% 07/15/2028 144A	1.27 mm	1.31 mm principal	0.10	Debt	Long	USA
CRESCENT ENERGY FINANCE LLC 7.375% 01/15/2033 144A	1.27 mm	1.24 mm principal	0.09	Debt	Long	USA
ATHENAHEALTH GROUP INC 6.5% 02/15/2030 144A	1.27 mm	1.33 mm principal	0.09	Debt	Long	USA
SPRINGS WINDOW FASHIONS TERM B 1LN 09/17/2028	1.26 mm	1.68 mm principal	0.09	Loan	Long	USA
1011778 BC ULC/NEW RED FIN INC 4% 10/15/2030 144A	1.26 mm	1.37 mm principal	0.09	Debt	Long	Canada
SUN Sunoco LP	1.24 mm	1.17 mm principal	0.09	Debt	Long	USA
HBM Hudbay Minerals Inc.	1.24 mm	1.22 mm principal	0.09	Debt	Long	Canada
TRANSDIGM INC 6.375% 03/01/2029 144A	1.23 mm	1.20 mm principal	0.09	Debt	Long	USA
CHESAPEAKE ENERGY CORP 6.75% 04/15/2029 144A	1.23 mm	1.21 mm principal	0.09	Debt	Long	USA
VENTURE GLOBAL LNG INC 9.875% 02/01/2032 144A	1.22 mm	1.10 mm principal	0.09	Debt	Long	USA
VST Vistra Corp.	1.22 mm	1.15 mm principal	0.09	Preferred equity	Long	USA
VERTICAL HOLDCO GMBH 6.625% 07/15/2028 REGS	1.22 mm	1.13 mm principal	0.09	Debt	Long	Germany
VISTRA OPERATIONS CO LLC 5.625% 02/15/2027 144A	1.22 mm	1.22 mm principal	0.09	Debt	Long	USA
VISTRA OPERATIONS CO LLC 5% 07/31/2027 144A	1.21 mm	1.23 mm principal	0.09	Debt	Long	USA
REALPAGE INC TERM 2LN 02/17/2029	1.21 mm	1.28 mm principal	0.09	Loan	Long	USA
CCO HLDGS LLC/CAP CORP 5% 02/01/2028 144A	1.20 mm	1.25 mm principal	0.09	Debt	Long	USA
DISH DISH Network CORP	1.20 mm	1.18 mm principal	0.09	Debt	Long	USA
CLOUD SOFTWARE GROUP INC 8.25% 06/30/2032 144A	1.19 mm	1.14 mm principal	0.09	Debt	Long	USA
SIRIUS XM RADIO INC 4.125% 07/01/2030 144A	1.18 mm	1.32 mm principal	0.09	Debt	Long	USA
AMERICAN AIRLINES INC / AADVANTAGE LOYALTY IP LTD 5.75% 04/20/2029 144A	1.18 mm	1.20 mm principal	0.09	Debt	Long	USA
ADAPTHEALTH LLC 4.625% 08/01/2029 144A	1.18 mm	1.29 mm principal	0.09	Debt	Long	USA
BZH Beazer Homes USA, Inc.	1.17 mm	1.15 mm principal	0.09	Debt	Long	USA
VISTRA OPERATIONS CO LLC 4.375% 05/01/2029 144A	1.17 mm	1.23 mm principal	0.09	Debt	Long	USA
NOVELIS CORP 4.75% 01/30/2030 144A	1.17 mm	1.23 mm principal	0.09	Debt	Long	USA
CMG MEDIA CORP 8.875% 12/15/2027 144A	1.17 mm	2.21 mm principal	0.09	Debt	Long	USA
ALTICE USA TERM B6 1LN 01/18/2028	1.17 mm	1.23 mm principal	0.09	Loan	Long	USA
CPNLQ Calpine Corp	1.16 mm	1.21 mm principal	0.09	Debt	Long	USA
CLARIOS GLOBAL LP / CLARIOS US FINANCE CO 8.5% 05/15/2027 144A	1.16 mm	1.15 mm principal	0.09	Debt	Long	USA
CELANESE US HLDGS LLC 6.7% 11/15/2033	1.15 mm	1.07 mm principal	0.09	Debt	Long	USA
MERLIN ENTERTAINMENTS GR 7.375% 02/15/2031 144A	1.15 mm	1.15 mm principal	0.09	Debt	Long	USA
LIFE TIME INC 8% 04/15/2026 144A	1.14 mm	1.12 mm principal	0.09	Debt	Long	USA
CZR Caesars Entertainment, Inc.	1.14 mm	1.20 mm principal	0.08	Debt	Long	USA
PMHC II INC 9% 02/15/2030 144A	1.13 mm	1.24 mm principal	0.08	Debt	Long	USA
WAND NEWCO 3 INC 7.625% 01/30/2032 144A	1.12 mm	1.07 mm principal	0.08	Debt	Long	USA
MPT OPER PARTNERSHIP LP/CORP 5% 10/15/2027	1.11 mm	1.31 mm principal	0.08	Debt	Long	USA
VMED O2 UK FINANCING I 4.75% 07/15/2031 144A	1.10 mm	1.25 mm principal	0.08	Debt	Long	UK
MWA Mueller Water Products, Inc.	1.10 mm	1.16 mm principal	0.08	Debt	Long	USA
TEVA PHARMACEUTICAL FIN NETH III B V 5.125% 05/09/2029	1.09 mm	1.11 mm principal	0.08	Debt	Long	Netherlands
CCO HLDGS LLC/CAP CORP 4.75% 02/01/2032 144A	1.09 mm	1.25 mm principal	0.08	Debt	Long	USA
TIBX TIBCO Software Inc	1.08 mm	1.10 mm principal	0.08	Debt	Long	USA
B and G FOODS INC 5.25% 09/15/2027	1.08 mm	1.14 mm principal	0.08	Debt	Long	USA
HILTON DOMESTIC OPERATING CO INC 3.625% 02/15/2032 144A	1.08 mm	1.20 mm principal	0.08	Debt	Long	USA
NGL ENERGY OPER LLC/FIN CORP 8.375% 02/15/2032 144A	1.07 mm	1.04 mm principal	0.08	Debt	Long	USA
CINEMARK USA INC 7% 08/01/2032 144A	1.07 mm	1.03 mm principal	0.08	Debt	Long	USA
CVR PARTNERS LP / CVR NITROGEN FIN CORP 6.125% 06/15/2028 144A	1.06 mm	1.10 mm principal	0.08	Debt	Long	USA
NAVI Navient Corporation	1.06 mm	980.00 k principal	0.08	Debt	Long	USA
EG GROUP TERM BC 1LN 02/07/2028	1.06 mm	1.06 mm principal	0.08	Loan	Long	USA
HILCORP ENERGY I LP/FIN CO 6% 02/01/2031 144A	1.06 mm	1.08 mm principal	0.08	Debt	Long	USA
PARKLAND CORP 4.625% 05/01/2030 144A	1.06 mm	1.13 mm principal	0.08	Debt	Long	Canada
MPT OPER PARTNERSHIP LP/CORP 3.5% 03/15/2031	1.06 mm	1.55 mm principal	0.08	Debt	Long	USA
HERITAGE POWER LLC	1.05 mm	25.11 k shares	0.08	Common equity	Long	USA
CZR Caesars Entertainment, Inc.	1.05 mm	1.02 mm principal	0.08	Debt	Long	USA
AVNT Avient Corporation	1.05 mm	1.01 mm principal	0.08	Debt	Long	USA
BOMBARDIER INC 7.5% 02/01/2029 144A	1.05 mm	1.00 mm principal	0.08	Debt	Long	Canada
STANDARD INDUSTRIES INC/NJ 4.375% 07/15/2030 144A	1.05 mm	1.12 mm principal	0.08	Debt	Long	USA
MITER BRANDS ACQUISITION HOLDCO INC / MIWD BORROWER LLC 6.75% 04/01/2032 144A	1.04 mm	1.01 mm principal	0.08	Debt	Long	USA
MIDWEST GAMING BORWERLLC/ CORP 4.875% 05/01/2029 144A	1.04 mm	1.09 mm principal	0.08	Debt	Long	USA
MATTAMY GROUP CORP 4.625% 03/01/2030 144A	1.04 mm	1.10 mm principal	0.08	Debt	Long	Canada
PENN PENN Entertainment, Inc.	1.03 mm	1.05 mm principal	0.08	Debt	Long	USA
CAPSTONE BORROWER INC 8% 06/15/2030 144A	1.03 mm	980.00 k principal	0.08	Debt	Long	USA
TK ELEVATOR US NEWCO INC 5.25% 07/15/2027 144A	1.03 mm	1.05 mm principal	0.08	Debt	Long	USA
ACRISURE LLC / ACRISURE FINANCE INC 8.5% 06/15/2029 144A	1.02 mm	985.00 k principal	0.08	Debt	Long	USA
INTERNATIONAL GAME TECHNOLOGY PLC 6.25% 01/15/2027 144A	1.01 mm	995.00 k principal	0.08	Debt	Long	UK
SEAWORLD PARKS and ENTRTNMNT INC 5.25% 08/15/2029 144A	1.01 mm	1.05 mm principal	0.08	Debt	Long	USA
SCIENTIFIC GAMES HOLDINGS LP/SCIENTIFIC GAMES US FINCO INC 6.625% 03/01/2030 144A	1.01 mm	1.02 mm principal	0.08	Debt	Long	USA
SEADRILL FINANCE LTD 8.375% 08/01/2030 144A	1.01 mm	955.00 k principal	0.08	Debt	Long	Bermuda
ARTERA SERVICES LLC 8.5% 02/15/2031 144A	1.01 mm	1.00 mm principal	0.08	Debt	Long	USA
BOMBARDIER INC 6% 02/15/2028 144A	1.00 mm	1.00 mm principal	0.07	Debt	Long	Canada
TRANSDIGM INC 5.5% 11/15/2027	1.00 mm	1.01 mm principal	0.07	Debt	Long	USA
MGM MGM Resorts International	998.67 k	1.03 mm principal	0.07	Debt	Long	USA
BLCO Bausch + Lomb Corporation	997.70 k	950.00 k principal	0.07	Debt	Long	Canada
NCL CORP LTD 5.875% 03/15/2026 144A	997.46 k	998.00 k principal	0.07	Debt	Long	Bermuda
HILCORP ENERGY I LP/FIN CO 6.875% 05/15/2034 144A	996.33 k	985.00 k principal	0.07	Debt	Long	USA
ALLIANT HLDGS INTERMEDIATE LLC/ALLIANT HLDGS CO-ISSUER 6.75% 10/15/2027 144A	996.12 k	1.00 mm principal	0.07	Debt	Long	USA
BHC Bausch Health Companies Inc.	996.00 k	1.99 mm principal	0.07	Debt	Long	Canada
BHC Bausch Health Companies Inc.	985.80 k	1.86 mm principal	0.07	Debt	Long	Canada
NEPTUNE BIDCO US INC 9.29% 04/15/2029 144A	976.78 k	978.00 k principal	0.07	Debt	Long	USA
RBLX Roblox Corporation	971.92 k	1.06 mm principal	0.07	Debt	Long	USA
TAYLOR MORRISON COMMUNITIES INC 5.125% 08/01/2030 144A	971.43 k	983.00 k principal	0.07	Debt	Long	USA
DIGICEL LTD	964.74 k	302.43 k shares	0.07	Common equity	Long	Bermuda
CRK Comstock Resources, Inc.	964.33 k	1.02 mm principal	0.07	Debt	Long	USA
DAR Darling Ingredients Inc.	961.63 k	950.00 k principal	0.07	Debt	Long	USA
VALARIS LTD 8.375% 04/30/2030 144A	959.78 k	920.00 k principal	0.07	Debt	Long	Bermuda
ERO Ero Copper Corp.	958.90 k	984.00 k principal	0.07	Debt	Long	Canada
UNITED AIRLINES INC 4.625% 04/15/2029 144A	956.66 k	1.00 mm principal	0.07	Debt	Long	USA
GWR Genesee & Wyoming Inc	955.63 k	935.00 k principal	0.07	Debt	Long	USA