SHENKMAN CAPITAL MANAGEMENT INC Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	DATADOG INC	19,012,000	$19,405	2.0%	$1.02	—	NOTE 12/0	23804LAD5
—	STRATEGY INC	19,000,000	$15,648	1.7%	$0.82	—	NOTE 12/0	594972AS0
—	NUTANIX INC	10,749,000	$10,622	1.1%	$0.99	—	NOTE 0.500%12/1	67059NAK4
—	SOLARIS ENERGY INFRAS INC	7,500,000	$8,255	0.9%	$1.10	—	NOTE 0.250%10/0	83419XAB4
—	ALIGNMENT HEALTHCARE INC	4,954,000	$7,708	0.8%	$1.56	—	NOTE 4.250%11/1	01625VAB0
—	GUIDEWIRE SOFTWARE INC	5,758,000	$6,462	0.7%	$1.12	—	NOTE 1.250%11/0	40171VAC4
—	SYNAPTICS INC	5,922,000	$6,392	0.7%	$1.08	—	NOTE 0.750%12/0	87157DAJ8
—	LIVE NATION ENTERTAINMENT IN	5,561,000	$6,160	0.6%	$1.11	—	NOTE 2.875% 1/1	538034BC2
—	FLUENCE ENERGY INC	5,000,000	$6,141	0.6%	$1.23	—	NOTE 2.250% 6/1	34379VAB9
—	MARA HOLDINGS INC	3,807,000	$3,209	0.3%	$0.84	—	NOTE 6/0	565788AH9
—	T1 ENERGY INC	1,500,000	$1,959	0.2%	$1.31	—	NOTE 5.250%12/0	35834FAB0
—	MARA HOLDINGS INC	1,088,000	$858	0.1%	$0.79	—	NOTE 3/0	565788AF3
—	BENTLEY SYS INC	525,000	$496	0.1%	$0.94	—	NOTE 0.375% 7/0	08265TAD1
—	AFFIRM HLDGS INC	327,000	$363	0.0%	$1.11	—	NOTE 0.750%12/1	00827BAD8
GME/WS	GAMESTOP CORP NEW	19,614	$60	0.0%	$3.05	—	*W EXP 10/30/202	36467W117

Increased Positions (32)

USHY ISHARES TR 5.1%

Value ($000) $48,111 (+296.8%) Shares 1,280,225 (+298.9%) Est. Cost $37.35 Unrealized —

SJNK SPDR SERIES TRUST 4.0%

Value ($000) $37,539 (+388.7%) Shares 1,443,140 (+381.0%) Est. Cost $25.86 Unrealized —

BKLN INVESCO EXCH TRADED FD TR II 6.6%

Value ($000) $62,611 (+56.8%) Shares 2,889,660 (+51.5%) Est. Cost $21.68 Unrealized —

— PARSONS CORP DEL 3.2%

Value ($000) $30,707 (+156.5%) Shares 28,005,000 (+176.7%) Est. Cost $1.08 Unrealized —

— ALIBABA GROUP HLDG LTD 1.8%

Value ($000) $17,224 (+516.7%) Shares 11,126,000 (+633.4%) Est. Cost $1.52 Unrealized —

— AKAMAI TECHNOLOGIES INC 1.7%

Value ($000) $15,698 (+321.7%) Shares 15,560,000 (+299.1%) Est. Cost $1.00 Unrealized —

— ITRON INC 1.6%

Value ($000) $15,544 (+92.0%) Shares 15,671,000 (+104.8%) Est. Cost $1.00 Unrealized —

— SUPER MICRO COMPUTER INC 2.3%

Value ($000) $21,858 (+47.4%) Shares 23,793,000 (+65.5%) Est. Cost $1.03 Unrealized —

— DROPBOX INC 2.3%

Value ($000) $21,981 (+45.6%) Shares 21,517,000 (+50.0%) Est. Cost $0.98 Unrealized —

— RIVIAN AUTOMOTIVE INC 1.1%

Value ($000) $10,839 (+112.8%) Shares 9,519,000 (+78.2%) Est. Cost $1.01 Unrealized —

— BRIDGEBIO PHARMA INC 1.3%

Value ($000) $12,418 (+81.9%) Shares 10,707,000 (+58.9%) Est. Cost $1.07 Unrealized —

— ON SEMICONDUCTOR CORP 1.7%

Value ($000) $16,302 (+30.7%) Shares 16,920,000 (+27.5%) Est. Cost $0.99 Unrealized —

— BLACKLINE INC 1.9%

Value ($000) $18,207 (+23.7%) Shares 16,966,000 (+22.5%) Est. Cost $1.06 Unrealized —

— TRAVERE THERAPEUTICS INC 1.0%

Value ($000) $9,754 (+35.2%) Shares 6,662,000 (+6.8%) Est. Cost $1.08 Unrealized —

— JD.COM INC 1.6%

Value ($000) $14,729 (+14.5%) Shares 14,749,000 (+23.0%) Est. Cost $1.03 Unrealized —

— TANDEM DIABETES CARE INC 0.9%

Value ($000) $8,311 (+24.0%) Shares 7,947,000 (+6.7%) Est. Cost $0.98 Unrealized —

— REPLIGEN CORP 1.2%

Value ($000) $11,324 (+16.1%) Shares 10,114,000 (+6.8%) Est. Cost $1.04 Unrealized —

— JBT MAREL CORPORATION 0.2%

Value ($000) $1,849 (+445.3%) Shares 1,783,000 (+432.2%) Est. Cost $1.03 Unrealized —

— COINBASE GLOBAL INC 0.3%

Value ($000) $3,251 (+66.8%) Shares 3,250,000 (+85.7%) Est. Cost $0.99 Unrealized —

— ENOVIS CORPORATION 1.3%

Value ($000) $12,200 (+11.0%) Shares 12,112,000 (+13.0%) Est. Cost $1.07 Unrealized —

— LIVANOVA PLC 1.0%

Value ($000) $9,468 (+13.2%) Shares 7,969,000 (+4.7%) Est. Cost $1.01 Unrealized —

— CENTERPOINT ENERGY INC 0.1%

Value ($000) $1,127 (+96.4%) Shares 1,013,000 (+97.5%) Est. Cost $1.12 Unrealized —

— ENVISTA HOLDINGS CORPORATION 0.2%

Value ($000) $2,351 (+24.3%) Shares 2,426,000 (+21.5%) Est. Cost $0.92 Unrealized —

— WORKIVA INC 0.8%

Value ($000) $7,452 (+6.1%) Shares 7,357,000 (+5.8%) Est. Cost $1.01 Unrealized —

— VISHAY INTERTECHNOLOGY INC 0.7%

Value ($000) $6,889 (+5.6%) Shares 7,437,000 (+6.3%) Est. Cost $0.92 Unrealized —

— TYLER TEX INDPT SCH DIST 1.1%

Value ($000) $10,504 (-3.2%) Shares 10,129,000 (+4.3%) Est. Cost $1.14 Unrealized —

— LIBERTY MEDIA CORP DEL 1.0%

Value ($000) $9,767 (+3.3%) Shares 9,408,000 (+6.1%) Est. Cost $1.19 Unrealized —

— WORLD KINECT CORPORATION 0.9%

Value ($000) $8,786 (+2.2%) Shares 8,059,000 (+6.2%) Est. Cost $1.18 Unrealized —

— NORTHERN OIL & GAS INC 0.8%

Value ($000) $7,299 (+1.6%) Shares 7,339,000 (+6.4%) Est. Cost $1.10 Unrealized —

— LIBERTY MEDIA CORP DEL 0.7%

Value ($000) $6,270 (-0.6%) Shares 4,853,000 (+3.9%) Est. Cost $1.04 Unrealized —

— COINBASE GLOBAL INC 0.2%

Value ($000) $2,338 (+1.6%) Shares 2,276,000 (+24.6%) Est. Cost $1.34 Unrealized —

— LYFT INC 0.2%

Value ($000) $2,215 (-1.6%) Shares 1,801,000 (+5.6%) Est. Cost $1.02 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
USHY	ISHARES TR	1,280,225 (+298.9%)	$48,111 (+296.8%)	5.1%	$37.35	—	BROAD USD HIGH	46435U853
SJNK	SPDR SERIES TRUST	1,443,140 (+381.0%)	$37,539 (+388.7%)	4.0%	$25.86	—	STATE STREET SPD	78468R408
BKLN	INVESCO EXCH TRADED FD TR II	2,889,660 (+51.5%)	$62,611 (+56.8%)	6.6%	$21.68	—	SR LN ETF	46138G508
—	PARSONS CORP DEL	28,005,000 (+176.7%)	$30,707 (+156.5%)	3.2%	$1.08	—	NOTE 2.625% 3/0	70202LAD4
—	ALIBABA GROUP HLDG LTD	11,126,000 (+633.4%)	$17,224 (+516.7%)	1.8%	$1.52	—	NOTE 0.500% 6/0	01609WBG6
—	AKAMAI TECHNOLOGIES INC	15,560,000 (+299.1%)	$15,698 (+321.7%)	1.7%	$1.00	—	NOTE 1.125% 2/1	00971TAN1
—	ITRON INC	15,671,000 (+104.8%)	$15,544 (+92.0%)	1.6%	$1.00	—	NOTE 3/1	465741AN6
—	SUPER MICRO COMPUTER INC	23,793,000 (+65.5%)	$21,858 (+47.4%)	2.3%	$1.03	—	NOTE 3.500% 3/0	86800UAB0
—	DROPBOX INC	21,517,000 (+50.0%)	$21,981 (+45.6%)	2.3%	$0.98	—	NOTE 3/0	26210CAD6
—	RIVIAN AUTOMOTIVE INC	9,519,000 (+78.2%)	$10,839 (+112.8%)	1.1%	$1.01	—	NOTE 3.625%10/1	76954AAD5
—	BRIDGEBIO PHARMA INC	10,707,000 (+58.9%)	$12,418 (+81.9%)	1.3%	$1.07	—	NOTE 2.250% 2/0	10806XAD4
—	ON SEMICONDUCTOR CORP	16,920,000 (+27.5%)	$16,302 (+30.7%)	1.7%	$0.99	—	NOTE 0.500% 3/0	682189AU9
—	BLACKLINE INC	16,966,000 (+22.5%)	$18,207 (+23.7%)	1.9%	$1.06	—	NOTE 1.000% 6/0	09239BAF6
—	TRAVERE THERAPEUTICS INC	6,662,000 (+6.8%)	$9,754 (+35.2%)	1.0%	$1.08	—	NOTE 2.250% 3/0	89422GAA5
—	JD.COM INC	14,749,000 (+23.0%)	$14,729 (+14.5%)	1.6%	$1.03	—	NOTE 0.250% 6/0	47215PAJ5
—	TANDEM DIABETES CARE INC	7,947,000 (+6.7%)	$8,311 (+24.0%)	0.9%	$0.98	—	NOTE 1.500% 3/1	875372AD6
—	REPLIGEN CORP	10,114,000 (+6.8%)	$11,324 (+16.1%)	1.2%	$1.04	—	NOTE 1.000%12/1	759916AD1
—	JBT MAREL CORPORATION	1,783,000 (+432.2%)	$1,849 (+445.3%)	0.2%	$1.03	—	NOTE 0.250% 5/1	477839AB0
—	COINBASE GLOBAL INC	3,250,000 (+85.7%)	$3,251 (+66.8%)	0.3%	$0.99	—	NOTE 0.500% 6/0	19260QAB3
—	ENOVIS CORPORATION	12,112,000 (+13.0%)	$12,200 (+11.0%)	1.3%	$1.07	—	NOTE 3.875%10/1	194014AB2
—	LIVANOVA PLC	7,969,000 (+4.7%)	$9,468 (+13.2%)	1.0%	$1.01	—	NOTE 2.500% 3/1	53802LAB8
—	CENTERPOINT ENERGY INC	1,013,000 (+97.5%)	$1,127 (+96.4%)	0.1%	$1.12	—	NOTE 4.250% 8/1	15189TBD8
—	ENVISTA HOLDINGS CORPORATION	2,426,000 (+21.5%)	$2,351 (+24.3%)	0.2%	$0.92	—	NOTE 1.750% 8/1	29415FAD6
—	WORKIVA INC	7,357,000 (+5.8%)	$7,452 (+6.1%)	0.8%	$1.01	—	NOTE 1.250% 8/1	98139AAD7
—	VISHAY INTERTECHNOLOGY INC	7,437,000 (+6.3%)	$6,889 (+5.6%)	0.7%	$0.92	—	NOTE 2.250% 9/1	928298AR9
—	TYLER TEX INDPT SCH DIST	10,129,000 (+4.3%)	$10,504 (-3.2%)	1.1%	$1.14	—	NOTE 0.250% 3/1	902252AB1
—	LIBERTY MEDIA CORP DEL	9,408,000 (+6.1%)	$9,767 (+3.3%)	1.0%	$1.19	—	NOTE 3.750% 3/1	531229AP7
—	WORLD KINECT CORPORATION	8,059,000 (+6.2%)	$8,786 (+2.2%)	0.9%	$1.18	—	NOTE 3.250% 7/0	98149GAB6
—	NORTHERN OIL & GAS INC	7,339,000 (+6.4%)	$7,299 (+1.6%)	0.8%	$1.10	—	NOTE 3.625% 4/1	665531AJ8
—	LIBERTY MEDIA CORP DEL	4,853,000 (+3.9%)	$6,270 (-0.6%)	0.7%	$1.04	—	NOTE 2.250% 8/1	531229AQ5
—	COINBASE GLOBAL INC	2,276,000 (+24.6%)	$2,338 (+1.6%)	0.2%	$1.34	—	NOTE 0.250% 4/0	19260QAF4
—	LYFT INC	1,801,000 (+5.6%)	$2,215 (-1.6%)	0.2%	$1.02	—	NOTE 0.625% 3/0	55087PAD6

Exited Positions (41)

— SNAP INC 2.6%

Value ($000) $24,553 Shares 28,421,000 Est. Cost $0.89 Unrealized —

— GUARDANT HEALTH INC 1.6%

Value ($000) $15,103 Shares 11,530,000 Est. Cost $1.06 Unrealized —

— ECHOSTAR CORP 1.4%

Value ($000) $13,231 Shares 5,268,888 Est. Cost $1.08 Unrealized —

— CSG SYS INTL INC 1.3%

Value ($000) $12,411 Shares 10,951,000 Est. Cost $1.08 Unrealized —

— SHIFT4 PMTS INC 1.1%

Value ($000) $10,493 Shares 10,444,000 Est. Cost $1.04 Unrealized —

— PROGRESS SOFTWARE CORP 0.9%

Value ($000) $8,608 Shares 8,321,000 Est. Cost $1.09 Unrealized —

— IONIS PHARMACEUTICALS INC 0.8%

Value ($000) $7,130 Shares 5,058,000 Est. Cost $1.03 Unrealized —

— UBER TECHNOLOGIES INC 0.7%

Value ($000) $6,950 Shares 5,694,000 Est. Cost $1.11 Unrealized —

— UGI CORP NEW 0.7%

Value ($000) $6,785 Shares 5,135,000 Est. Cost $1.41 Unrealized —

— MERITAGE HOMES CORP 0.7%

Value ($000) $6,193 Shares 5,918,000 Est. Cost $1.02 Unrealized —

— TRANSOCEAN INC 0.6%

Value ($000) $5,439 Shares 4,506,000 Est. Cost $1.25 Unrealized —

— AMERICAN WTR CAP CORP 0.5%

Value ($000) $4,655 Shares 4,594,000 Est. Cost $1.01 Unrealized —

— TELADOC HEALTH INC 0.5%

Value ($000) $4,522 Shares 4,795,000 Est. Cost $0.87 Unrealized —

— SHAKE SHACK INC 0.5%

Value ($000) $4,442 Shares 4,574,000 Est. Cost $0.98 Unrealized —

— LI AUTO INC 0.5%

Value ($000) $4,355 Shares 3,822,000 Est. Cost $1.17 Unrealized —

— HALOZYME THERAPEUTICS INC 0.4%

Value ($000) $4,220 Shares 3,602,000 Est. Cost $1.14 Unrealized —

— OSI SYSTEMS INC 0.4%

Value ($000) $3,778 Shares 2,543,000 Est. Cost $1.49 Unrealized —

— ALARM COM HLDGS INC 0.4%

Value ($000) $3,368 Shares 3,412,000 Est. Cost $1.00 Unrealized —

— LUMENTUM HLDGS INC 0.3%

Value ($000) $2,896 Shares 2,074,000 Est. Cost $0.99 Unrealized —

SMC SUMMIT MIDSTREAM CORPORATION 0.2%

Value ($000) $1,987 Shares 96,723 Est. Cost $36.10 Unrealized -34.1%

— EXPEDIA GROUP INC 0.2%

Value ($000) $1,946 Shares 1,928,000 Est. Cost $0.99 Unrealized —

— HALOZYME THERAPEUTICS INC 0.1%

Value ($000) $1,268 Shares 900,000 Est. Cost $1.05 Unrealized —

— RIVIAN AUTOMOTIVE INC 0.1%

Value ($000) $1,172 Shares 1,126,000 Est. Cost $0.97 Unrealized —

— AKAMAI TECHNOLOGIES INC 0.1%

Value ($000) $1,091 Shares 1,137,000 Est. Cost $1.07 Unrealized —

— NCL CORP LTD 0.1%

Value ($000) $1,077 Shares 1,048,000 Est. Cost $0.82 Unrealized —

— SNOWFLAKE INC 0.1%

Value ($000) $814 Shares 536,000 Est. Cost $1.52 Unrealized —

— ON SEMICONDUCTOR CORP 0.1%

Value ($000) $803 Shares 704,000 Est. Cost $1.10 Unrealized —

— IRHYTHM TECHNOLOGIES INC 0.1%

Value ($000) $755 Shares 548,000 Est. Cost $1.08 Unrealized —

— BRIDGEBIO PHARMA INC 0.1%

Value ($000) $691 Shares 491,000 Est. Cost $1.33 Unrealized —

— WAYFAIR INC 0.1%

Value ($000) $550 Shares 360,000 Est. Cost $1.27 Unrealized —

— SHIFT4 PMTS INC 0.1%

Value ($000) $539 Shares 524,000 Est. Cost $1.29 Unrealized —

— VERINT SYSTEMS INC 0.0%

Value ($000) $179 Shares 182,000 Est. Cost $0.89 Unrealized —

— WAYFAIR INC 0.0%

Value ($000) $161 Shares 77,000 Est. Cost $1.24 Unrealized —

— ETSY INC 0.0%

Value ($000) $127 Shares 120,000 Est. Cost $1.06 Unrealized —

— MACOM TECH SOLUTIONS HLDGS I 0.0%

Value ($000) $109 Shares 72,000 Est. Cost $1.11 Unrealized —

— ZIFF DAVIS INC 0.0%

Value ($000) $107 Shares 110,000 Est. Cost $0.96 Unrealized —

— IONIS PHARMACEUTICALS INC 0.0%

Value ($000) $84 Shares 68,000 Est. Cost $1.01 Unrealized —

— SNOWFLAKE INC 0.0%

Value ($000) $61 Shares 39,000 Est. Cost $1.57 Unrealized —

— DEXCOM INC 0.0%

Value ($000) $55 Shares 60,000 Est. Cost $0.93 Unrealized —

— SNAP INC 0.0%

Value ($000) $26 Shares 28,000 Est. Cost $0.76 Unrealized —

— SPOTIFY USA INC 0.0%

Value ($000) $16 Shares 12,000 Est. Cost $1.11 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	SNAP INC	28,421,000	$24,553	2.6%	$0.89	—	—	83304AAK2
—	GUARDANT HEALTH INC	11,530,000	$15,103	1.6%	$1.06	—	—	40131MAD1
—	ECHOSTAR CORP	5,268,888	$13,231	1.4%	$1.08	—	—	278768AB2
—	CSG SYS INTL INC	10,951,000	$12,411	1.3%	$1.08	—	—	126349AH2
—	SHIFT4 PMTS INC	10,444,000	$10,493	1.1%	$1.04	—	—	82452JAD1
—	PROGRESS SOFTWARE CORP	8,321,000	$8,608	0.9%	$1.09	—	—	743312AD2
—	IONIS PHARMACEUTICALS INC	5,058,000	$7,130	0.8%	$1.03	—	—	462222AF7
—	UBER TECHNOLOGIES INC	5,694,000	$6,950	0.7%	$1.11	—	—	90353TAJ9
—	UGI CORP NEW	5,135,000	$6,785	0.7%	$1.41	—	—	902681AB1
—	MERITAGE HOMES CORP	5,918,000	$6,193	0.7%	$1.02	—	—	59001ABF8
—	TRANSOCEAN INC	4,506,000	$5,439	0.6%	$1.25	—	—	893830BW8
—	AMERICAN WTR CAP CORP	4,594,000	$4,655	0.5%	$1.01	—	—	03040WBE4
—	TELADOC HEALTH INC	4,795,000	$4,522	0.5%	$0.87	—	—	87918AAF2
—	SHAKE SHACK INC	4,574,000	$4,442	0.5%	$0.98	—	—	819047AB7
—	LI AUTO INC	3,822,000	$4,355	0.5%	$1.17	—	—	50202MAB8
—	HALOZYME THERAPEUTICS INC	3,602,000	$4,220	0.4%	$1.14	—	—	40637HAD1
—	OSI SYSTEMS INC	2,543,000	$3,778	0.4%	$1.49	—	—	671044AF2
—	ALARM COM HLDGS INC	3,412,000	$3,368	0.4%	$1.00	—	—	011642AD7
—	LUMENTUM HLDGS INC	2,074,000	$2,896	0.3%	$0.99	—	—	55024UAF6
SMC	SUMMIT MIDSTREAM CORPORATION	96,723	$1,987	0.2%	$36.10	-34.1%	—	86614G101
—	EXPEDIA GROUP INC	1,928,000	$1,946	0.2%	$0.99	—	—	30212PBE4
—	HALOZYME THERAPEUTICS INC	900,000	$1,268	0.1%	$1.05	—	—	40637HAF6
—	RIVIAN AUTOMOTIVE INC	1,126,000	$1,172	0.1%	$0.97	—	—	76954AAB9
—	AKAMAI TECHNOLOGIES INC	1,137,000	$1,091	0.1%	$1.07	—	—	00971TAL5
—	NCL CORP LTD	1,048,000	$1,077	0.1%	$0.82	—	—	62886HBD2
—	SNOWFLAKE INC	536,000	$814	0.1%	$1.52	—	—	833445AB5
—	ON SEMICONDUCTOR CORP	704,000	$803	0.1%	$1.10	—	—	682189AS4
—	IRHYTHM TECHNOLOGIES INC	548,000	$755	0.1%	$1.08	—	—	450056AB2
—	BRIDGEBIO PHARMA INC	491,000	$691	0.1%	$1.33	—	—	10806XAB8
—	WAYFAIR INC	360,000	$550	0.1%	$1.27	—	—	94419LAP6
—	SHIFT4 PMTS INC	524,000	$539	0.1%	$1.29	—	—	82452JAB5
—	VERINT SYSTEMS INC	182,000	$179	0.0%	$0.89	—	—	92343XAC4
—	WAYFAIR INC	77,000	$161	0.0%	$1.24	—	—	94419LAR2
—	ETSY INC	120,000	$127	0.0%	$1.06	—	—	29786AAJ5
—	MACOM TECH SOLUTIONS HLDGS I	72,000	$109	0.0%	$1.11	—	—	55405YAB6
—	ZIFF DAVIS INC	110,000	$107	0.0%	$0.96	—	—	48123VAE2
—	IONIS PHARMACEUTICALS INC	68,000	$84	0.0%	$1.01	—	—	462222AD2
—	SNOWFLAKE INC	39,000	$61	0.0%	$1.57	—	—	833445AD1
—	DEXCOM INC	60,000	$55	0.0%	$0.93	—	—	252131AM9
—	SNAP INC	28,000	$26	0.0%	$0.76	—	—	83304AAF3
—	SPOTIFY USA INC	12,000	$16	0.0%	$1.11	—	—	84921RAB6

Decreased Positions (43)

— SOUTHERN CO 0.6%

Value ($000) $5,457 (-77.7%) Shares 5,093,000 (-76.6%) Est. Cost $1.13 Unrealized —

— UNITI GROUP LLC 2.8%

Value ($000) $26,795 (-37.5%) Shares 23,315,000 (-38.3%) Est. Cost $1.14 Unrealized —

— CMS ENERGY CORP 1.3%

Value ($000) $12,497 (-47.2%) Shares 11,597,000 (-45.5%) Est. Cost $1.09 Unrealized —

— MICROCHIP TECHNOLOGY INC. 0.4%

Value ($000) $3,816 (-74.4%) Shares 3,975,000 (-73.6%) Est. Cost $1.01 Unrealized —

— JAZZ INVESTMENTS I LTD 0.3%

Value ($000) $2,393 (-81.4%) Shares 1,782,000 (-83.2%) Est. Cost $1.21 Unrealized —

— HAEMONETICS CORP MASS 0.1%

Value ($000) $1,380 (-88.1%) Shares 1,323,000 (-89.1%) Est. Cost $1.03 Unrealized —

— NABORS INDS INC 0.0%

Value ($000) $245 (-97.6%) Shares 300,000 (-97.7%) Est. Cost $0.70 Unrealized —

— BENTLEY SYS INC 0.5%

Value ($000) $4,834 (-65.1%) Shares 4,840,000 (-64.8%) Est. Cost $1.01 Unrealized —

— FORD MTR CO 0.2%

Value ($000) $1,910 (-81.0%) Shares 1,835,000 (-81.4%) Est. Cost $0.98 Unrealized —

— ETSY INC 5.4%

Value ($000) $50,863 (-13.3%) Shares 56,775,000 (-14.3%) Est. Cost $0.85 Unrealized —

— DUKE ENERGY CORP NEW 2.7%

Value ($000) $25,876 (-22.1%) Shares 24,688,000 (-18.2%) Est. Cost $1.11 Unrealized —

— BOX INC 0.8%

Value ($000) $7,921 (-44.4%) Shares 8,091,000 (-41.7%) Est. Cost $1.03 Unrealized —

— POST HLDGS INC 0.6%

Value ($000) $5,985 (-48.8%) Shares 5,415,000 (-46.9%) Est. Cost $1.06 Unrealized —

— UBER TECHNOLOGIES INC 0.4%

Value ($000) $3,570 (-60.3%) Shares 2,746,000 (-54.9%) Est. Cost $1.21 Unrealized —

— VARONIS SYS INC 1.5%

Value ($000) $14,658 (-26.8%) Shares 15,600,000 (-14.2%) Est. Cost $1.10 Unrealized —

— GLOBAL PMTS INC 1.9%

Value ($000) $17,930 (-21.7%) Shares 19,524,000 (-20.8%) Est. Cost $0.96 Unrealized —

— VENTAS RLTY LTD PARTNERSHIP 0.3%

Value ($000) $2,739 (-63.4%) Shares 1,932,000 (-65.8%) Est. Cost $1.23 Unrealized —

— TRIP COM GROUP LTD 0.2%

Value ($000) $1,523 (-73.8%) Shares 1,233,000 (-72.9%) Est. Cost $1.14 Unrealized —

— ASCENDIS PHARMA A/S 0.1%

Value ($000) $626 (-85.7%) Shares 439,000 (-86.0%) Est. Cost $1.19 Unrealized —

— AEROVIRONMENT INC 0.5%

Value ($000) $4,902 (-41.9%) Shares 4,418,000 (-33.6%) Est. Cost $1.27 Unrealized —

OPTU OPTIMUM COMMUNICATIONS INC 0.2%

Value ($000) $1,444 (-67.0%) Shares 863,189 (-52.1%) Est. Cost $2.70 Unrealized -24.7%

— NEXTERA ENERGY CAP HLDGS INC 1.1%

Value ($000) $10,435 (-21.7%) Shares 8,198,000 (-26.2%) Est. Cost $1.18 Unrealized —

— EVERGY INC 0.8%

Value ($000) $7,879 (-26.7%) Shares 6,339,000 (-23.8%) Est. Cost $1.16 Unrealized —

— LANTHEUS HLDGS INC 0.0%

Value ($000) $433 (-86.7%) Shares 377,000 (-87.5%) Est. Cost $1.16 Unrealized —

— ORMAT TECHNOLOGIES INC 0.8%

Value ($000) $7,592 (-19.6%) Shares 5,481,000 (-28.3%) Est. Cost $1.08 Unrealized —

— FIRSTENERGY CORP 1.6%

Value ($000) $15,053 (-10.9%) Shares 14,623,000 (-8.5%) Est. Cost $1.06 Unrealized —

— DIGITALOCEAN HLDGS INC 1.7%

Value ($000) $16,174 (-10.1%) Shares 16,732,000 (-12.1%) Est. Cost $0.81 Unrealized —

— MKS INC. 1.5%

Value ($000) $14,235 (+14.6%) Shares 10,983,000 (-1.1%) Est. Cost $1.01 Unrealized —

— ITRON INC 0.9%

Value ($000) $8,914 (-16.7%) Shares 8,622,000 (-5.5%) Est. Cost $1.18 Unrealized —

— WEC ENERGY GROUP INC 0.3%

Value ($000) $2,739 (-38.3%) Shares 2,336,000 (-34.6%) Est. Cost $1.20 Unrealized —

— VERTEX INC 0.8%

Value ($000) $7,743 (-16.8%) Shares 7,973,000 (-10.8%) Est. Cost $1.16 Unrealized —

— PPL CAP FDG INC 0.4%

Value ($000) $3,985 (-26.4%) Shares 3,599,000 (-24.0%) Est. Cost $1.18 Unrealized —

— WEC ENERGY GROUP INC 0.4%

Value ($000) $3,430 (-28.9%) Shares 3,024,000 (-23.9%) Est. Cost $1.16 Unrealized —

— ALLIANT ENERGY CORP 0.2%

Value ($000) $2,132 (-26.0%) Shares 2,025,000 (-24.2%) Est. Cost $1.11 Unrealized —

— MARRIOTT VACATIONS WORLDWIDE 0.9%

Value ($000) $8,136 (-8.3%) Shares 8,529,000 (-7.2%) Est. Cost $0.94 Unrealized —

— FLUOR CORP 1.1%

Value ($000) $10,732 (-6.4%) Shares 9,062,000 (-2.4%) Est. Cost $1.19 Unrealized —

— TETRA TECH INC NEW 1.0%

Value ($000) $9,746 (-4.5%) Shares 8,656,000 (-5.0%) Est. Cost $1.30 Unrealized —

— JAZZ INVESTMENTS I LTD 0.1%

Value ($000) $742 (-26.3%) Shares 639,000 (-31.9%) Est. Cost $1.03 Unrealized —

— LIBERTY MEDIA CORP DEL 0.1%

Value ($000) $947 (-19.8%) Shares 11,248,000 (-7.3%) Est. Cost $0.51 Unrealized —

— GREENBRIER COS INC 1.1%

Value ($000) $9,961 (-1.5%) Shares 9,047,000 (-1.2%) Est. Cost $1.07 Unrealized —

— ADVANCED ENERGY INDS 0.6%

Value ($000) $5,897 (+1.1%) Shares 3,536,000 (-14.8%) Est. Cost $1.09 Unrealized —

— MARRIOTT VACATIONS WORLDWIDE 0.0%

Value ($000) $78 (-41.0%) Shares 78,000 (-41.8%) Est. Cost $0.94 Unrealized —

— BOFA FIN LLC 1.5%

Value ($000) $14,108 (-0.2%) Shares 12,896,000 (-8.2%) Est. Cost $1.09 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	SOUTHERN CO	5,093,000 (-76.6%)	$5,457 (-77.7%)	0.6%	$1.13	—	NOTE 4.500% 6/1	842587DZ7
—	UNITI GROUP LLC	23,315,000 (-38.3%)	$26,795 (-37.5%)	2.8%	$1.14	—	NOTE 7.500%12/0	91325VAB4
—	CMS ENERGY CORP	11,597,000 (-45.5%)	$12,497 (-47.2%)	1.3%	$1.09	—	NOTE 3.375% 5/0	125896BX7
—	MICROCHIP TECHNOLOGY INC.	3,975,000 (-73.6%)	$3,816 (-74.4%)	0.4%	$1.01	—	NOTE 0.750% 6/0	595017BG8
—	JAZZ INVESTMENTS I LTD	1,782,000 (-83.2%)	$2,393 (-81.4%)	0.3%	$1.21	—	NOTE 3.125% 9/1	472145AH4
—	HAEMONETICS CORP MASS	1,323,000 (-89.1%)	$1,380 (-88.1%)	0.1%	$1.03	—	NOTE 2.500% 6/0	405024AD2
—	NABORS INDS INC	300,000 (-97.7%)	$245 (-97.6%)	0.0%	$0.70	—	NOTE 1.750% 6/1	62957HAL9
—	BENTLEY SYS INC	4,840,000 (-64.8%)	$4,834 (-65.1%)	0.5%	$1.01	—	NOTE 0.125% 1/1	08265TAB5
—	FORD MTR CO	1,835,000 (-81.4%)	$1,910 (-81.0%)	0.2%	$0.98	—	NOTE 3/1	345370CZ1
—	ETSY INC	56,775,000 (-14.3%)	$50,863 (-13.3%)	5.4%	$0.85	—	NOTE 0.250% 6/1	29786AAN6
—	DUKE ENERGY CORP NEW	24,688,000 (-18.2%)	$25,876 (-22.1%)	2.7%	$1.11	—	NOTE 4.125% 4/1	26441CBY0
—	BOX INC	8,091,000 (-41.7%)	$7,921 (-44.4%)	0.8%	$1.03	—	NOTE 1.500% 9/1	10316TAD6
—	POST HLDGS INC	5,415,000 (-46.9%)	$5,985 (-48.8%)	0.6%	$1.06	—	NOTE 2.500% 8/1	737446AT1
—	UBER TECHNOLOGIES INC	2,746,000 (-54.9%)	$3,570 (-60.3%)	0.4%	$1.21	—	NOTE 0.875%12/0	90353TAM2
—	VARONIS SYS INC	15,600,000 (-14.2%)	$14,658 (-26.8%)	1.5%	$1.10	—	NOTE 1.000% 9/1	922280AD4
—	GLOBAL PMTS INC	19,524,000 (-20.8%)	$17,930 (-21.7%)	1.9%	$0.96	—	NOTE 1.500% 3/0	37940XAU6
—	VENTAS RLTY LTD PARTNERSHIP	1,932,000 (-65.8%)	$2,739 (-63.4%)	0.3%	$1.23	—	NOTE 3.750% 6/0	92277GAZ0
—	TRIP COM GROUP LTD	1,233,000 (-72.9%)	$1,523 (-73.8%)	0.2%	$1.14	—	NOTE 0.750% 6/1	89677QAB3
—	ASCENDIS PHARMA A/S	439,000 (-86.0%)	$626 (-85.7%)	0.1%	$1.19	—	NOTE 2.250% 4/0	04351PAD3
—	AEROVIRONMENT INC	4,418,000 (-33.6%)	$4,902 (-41.9%)	0.5%	$1.27	—	NOTE 7/1	008073AA6
OPTU	OPTIMUM COMMUNICATIONS INC	863,189 (-52.1%)	$1,444 (-67.0%)	0.2%	$2.70	-24.7%	CL A	02156K103
—	NEXTERA ENERGY CAP HLDGS INC	8,198,000 (-26.2%)	$10,435 (-21.7%)	1.1%	$1.18	—	NOTE 3.000% 3/0	65339KCY4
—	EVERGY INC	6,339,000 (-23.8%)	$7,879 (-26.7%)	0.8%	$1.16	—	NOTE 4.500%12/1	30034WAD8
—	LANTHEUS HLDGS INC	377,000 (-87.5%)	$433 (-86.7%)	0.0%	$1.16	—	NOTE 2.625%12/1	516544AB9
—	ORMAT TECHNOLOGIES INC	5,481,000 (-28.3%)	$7,592 (-19.6%)	0.8%	$1.08	—	NOTE 2.500% 7/1	686688AB8
—	FIRSTENERGY CORP	14,623,000 (-8.5%)	$15,053 (-10.9%)	1.6%	$1.06	—	NOTE 4.000% 5/0	337932AR8
—	DIGITALOCEAN HLDGS INC	16,732,000 (-12.1%)	$16,174 (-10.1%)	1.7%	$0.81	—	NOTE 12/0	25402DAB8
—	MKS INC.	10,983,000 (-1.1%)	$14,235 (+14.6%)	1.5%	$1.01	—	NOTE 1.250% 6/0	55306NAB0
—	ITRON INC	8,622,000 (-5.5%)	$8,914 (-16.7%)	0.9%	$1.18	—	NOTE 1.375% 7/1	465741AQ9
—	WEC ENERGY GROUP INC	2,336,000 (-34.6%)	$2,739 (-38.3%)	0.3%	$1.20	—	NOTE 4.375% 6/0	92939UAR7
—	VERTEX INC	7,973,000 (-10.8%)	$7,743 (-16.8%)	0.8%	$1.16	—	NOTE 0.750% 5/0	92538JAB2
—	PPL CAP FDG INC	3,599,000 (-24.0%)	$3,985 (-26.4%)	0.4%	$1.18	—	NOTE 2.875% 3/1	69352PAS2
—	WEC ENERGY GROUP INC	3,024,000 (-23.9%)	$3,430 (-28.9%)	0.4%	$1.16	—	NOTE 4.375% 6/0	92939UAP1
—	ALLIANT ENERGY CORP	2,025,000 (-24.2%)	$2,132 (-26.0%)	0.2%	$1.11	—	NOTE 3.875% 3/1	018802AC2
—	MARRIOTT VACATIONS WORLDWIDE	8,529,000 (-7.2%)	$8,136 (-8.3%)	0.9%	$0.94	—	NOTE 3.250%12/1	57164YAF4
—	FLUOR CORP	9,062,000 (-2.4%)	$10,732 (-6.4%)	1.1%	$1.19	—	NOTE 1.125% 8/1	343412AJ1
—	TETRA TECH INC NEW	8,656,000 (-5.0%)	$9,746 (-4.5%)	1.0%	$1.30	—	DBCV 2.250% 8/1	88162GAB9
—	JAZZ INVESTMENTS I LTD	639,000 (-31.9%)	$742 (-26.3%)	0.1%	$1.03	—	NOTE 2.000% 6/1	472145AF8
—	LIBERTY MEDIA CORP DEL	11,248,000 (-7.3%)	$947 (-19.8%)	0.1%	$0.51	—	DEB 3.750% 2/1	530715AL5
—	GREENBRIER COS INC	9,047,000 (-1.2%)	$9,961 (-1.5%)	1.1%	$1.07	—	NOTE 2.875% 4/1	393657AM3
—	ADVANCED ENERGY INDS	3,536,000 (-14.8%)	$5,897 (+1.1%)	0.6%	$1.09	—	NOTE 2.500% 9/1	007973AE0
—	MARRIOTT VACATIONS WORLDWIDE	78,000 (-41.8%)	$78 (-41.0%)	0.0%	$0.94	—	NOTE 1/1	57164YAD9
—	BOFA FIN LLC	12,896,000 (-8.2%)	$14,108 (-0.2%)	1.5%	$1.09	—	MTNF 0.600% 5/2	09709UV70

Unchanged Positions (7)

CCO CLEAR CHANNEL OUTDOOR HLDGS 0.7%

Value ($000) $6,530 Shares 2,954,589 Est. Cost $1.44 Unrealized +29.2%

— SABRE GLBL INC 1.2%

Value ($000) $11,328 Shares 10,775,000 Est. Cost $1.08 Unrealized —

— REDFIN CORP 1.2%

Value ($000) $11,346 Shares 12,041,000 Est. Cost $0.92 Unrealized —

— H WORLD GROUP LTD 0.1%

Value ($000) $517 Shares 404,000 Est. Cost $1.13 Unrealized —

— CYTOKINETICS INC 0.1%

Value ($000) $489 Shares 339,000 Est. Cost $1.21 Unrealized —

— JETBLUE AIRWAYS CORP 0.0%

Value ($000) $184 Shares 188,000 Est. Cost $1.04 Unrealized —

— PROGRESS SOFTWARE CORP 0.0%

Value ($000) $325 Shares 325,000 Est. Cost $1.12 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
CCO	CLEAR CHANNEL OUTDOOR HLDGS	2,954,589	$6,530	0.7%	$1.44	+29.2%	COM	18453H106
—	SABRE GLBL INC	10,775,000	$11,328	1.2%	$1.08	—	NOTE 7.320% 8/0	78573NAK8
—	REDFIN CORP	12,041,000	$11,346	1.2%	$0.92	—	NOTE 0.500% 4/0	75737FAE8
—	H WORLD GROUP LTD	404,000	$517	0.1%	$1.13	—	NOTE 3.000% 5/0	44332NAB2
—	CYTOKINETICS INC	339,000	$489	0.1%	$1.21	—	NOTE 3.500% 7/0	23282WAC4
—	JETBLUE AIRWAYS CORP	188,000	$184	0.0%	$1.04	—	NOTE 2.500% 9/0	477143AR2
—	PROGRESS SOFTWARE CORP	325,000	$325	0.0%	$1.12	—	NOTE 1.000% 4/1	743312AB6