ABSOLUTE INVESTMENT ADVISERS, LLC Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	FLUENCE ENERGY INC	12,000,000	$14,490	1.7%	$1.21	—	NOTE 2.250% 6/1	34379VAB9
—	GUIDEWIRE SOFTWARE INC	12,050,000	$13,278	1.5%	$1.10	—	NOTE 1.250%11/0	40171VAC4
—	NUTANIX INC	13,000,000	$12,502	1.4%	$0.96	—	NOTE 0.500%12/1	67059NAK4
—	LEMAITRE VASCULAR INC	11,750,000	$11,687	1.3%	$0.99	—	NOTE 2.500% 2/0	525558AB8
—	SYNAPTICS INC	8,500,000	$8,936	1.0%	$1.05	—	NOTE 0.750%12/0	87157DAJ8
—	T1 ENERGY INC	7,000,000	$8,925	1.0%	$1.27	—	NOTE 5.250%12/0	35834FAB0
—	DATADOG INC	8,416,000	$8,415	1.0%	$1.00	—	NOTE 12/0	23804LAD5
—	FASTLY INC	6,500,000	$7,231	0.8%	$1.11	—	NOTE 7.750% 6/0	31188VAD2
—	CBRE GBL REAL ESTATE INC FD	1,333,225	$6,100	0.7%	$4.58	—	COM	12504G100
—	RIOT PLATFORMS INC	5,000,000	$5,638	0.6%	$1.13	—	NOTE 0.750% 1/1	767292AB1
—	BLACKROCK CAP ALLOCATION TER	352,521	$5,083	0.6%	$14.42	—	COM	09260U109
—	RIVERNORTH OPPORTUNITIES FD	384,389	$4,559	0.5%	$11.86	—	COM	76881Y109
—	NYLI CBRE GBL INFR MEGTRNDS	331,188	$4,511	0.5%	$13.62	—	COM	56064Q107
—	BLACKROCK TECH AND PRIVATE E	633,924	$4,302	0.5%	$6.79	—	SHS BEN INT	09260Q108
—	PIMCO DYNAMIC INCOME FD	218,531	$3,975	0.5%	$18.19	—	SHS	72201Y101
—	CLEARBRIDGE ENERGY MIDSTRM O	84,275	$3,746	0.4%	$44.45	—	COM	18469P209
—	COHEN & STEERS INFRASTRUCTUR	154,957	$3,732	0.4%	$24.08	—	COM	19248A109
—	INVESCO SR INCOME TR	1,056,747	$3,487	0.4%	$3.30	—	COM	46131H107
—	NUVEEN GLOBAL HIGH INCOME FD	247,060	$3,144	0.4%	$12.72	—	SHS	67075G103
—	FRANKLIN LTD DURATION INCOME	490,414	$3,023	0.3%	$6.16	—	COM	35472T101
—	NXG CUSHING MIDSTREAM ENERGY	75,280	$2,929	0.3%	$38.90	—	COM NEW	231631300
—	WESTERN ASSET HIGH YIELD OPP	245,966	$2,735	0.3%	$11.12	—	COM	95768B107
—	ASTRONICS CORP	1,000,000	$2,550	0.3%	$2.55	—	NOTE 5.500% 3/1	046433AD0
—	BLACKROCK FLOATING RATE INC	198,426	$2,276	0.3%	$11.47	—	COM	091941104
—	NUVEEN FLOATING RATE INCOME	289,182	$2,272	0.3%	$7.86	—	COM	67072T108
—	FS CREDIT OPPORTUNITIES CORP	313,946	$1,995	0.2%	$6.36	—	COMMON STOCK	30290Y101
—	RAPID7 INC	2,000,000	$1,820	0.2%	$0.91	—	NOTE 1.250% 3/1	753422AH7
—	VIRTUS STONE HBR EMRG MKTS I	354,958	$1,771	0.2%	$4.99	—	COM	86164T107
—	NUVEEN DOW 30 DYNMC OVERWRT	98,482	$1,536	0.2%	$15.60	—	SHS	67075F105
—	WESTERN ASSET HIGH INCOME OP	327,231	$1,225	0.1%	$3.74	—	COM	95766K109
—	HIGH INCOME SECS FD	167,337	$1,027	0.1%	$6.14	—	SHS BEN INT	42968F108
—	LIBERTY ALL-STAR GROWTH FD I	169,570	$928	0.1%	$5.48	—	COM	529900102
—	NUVEEN S&P 500 BUY-WRITE INC	56,216	$827	0.1%	$14.71	—	COM	6706ER101
—	CALAMOS DYNAMIC CONV & INCOM	33,118	$724	0.1%	$21.85	—	COM	12811V105
—	TORTOISE ENERGY INFRA CORP	7,570	$316	0.0%	$41.69	—	COM	89147L886
—	COHEN & STEERS QUALITY INCOM	16,359	$191	0.0%	$11.65	—	COM	19247L106
—	ABRDN TOTAL DYNAMIC DIVIDEND	17,566	$173	0.0%	$9.86	—	COM SH BEN INT	00326L100
—	NEUBERGER REAL ESTATE	35,715	$108	0.0%	$3.02	—	COM	64190A103
—	BLACKROCK LONG-TERM MUN ADVA	11,306	$106	0.0%	$9.40	—	COM	09250B103

Increased Positions (15)

— LIBERTY ALL STAR EQUITY FD 2.0%

Value ($000) $17,109 (+632.3%) Shares 2,698,528 (+632.3%) Est. Cost $6.34 Unrealized —

— ABRDN INCOME CREDIT STRATEGI 1.3%

Value ($000) $11,451 (+334.7%) Shares 2,083,887 (+358.8%) Est. Cost $5.65 Unrealized —

— JAZZ INVESTMENTS I LTD 1.1%

Value ($000) $9,985 (+236.1%) Shares 7,500,000 (+200.0%) Est. Cost $1.28 Unrealized —

— SABA CAPITAL INCOME & OPRNT 0.6%

Value ($000) $5,138 (+1875.7%) Shares 732,116 (+2087.4%) Est. Cost $7.05 Unrealized —

— PARSONS CORP DEL 1.6%

Value ($000) $14,415 (+26.8%) Shares 14,000,000 (+40.0%) Est. Cost $1.01 Unrealized —

— XAI MADISON EQUITY PREMIUM I 0.4%

Value ($000) $3,256 (+170.4%) Shares 534,643 (+174.0%) Est. Cost $6.14 Unrealized —

— TETRA TECH INC NEW 1.9%

Value ($000) $16,849 (+12.3%) Shares 15,526,000 (+11.4%) Est. Cost $1.27 Unrealized —

— ITRON INC 1.0%

Value ($000) $8,912 (+20.4%) Shares 9,000,000 (+28.6%) Est. Cost $0.88 Unrealized —

— GREEN PLAINS INC 0.7%

Value ($000) $6,224 (+30.9%) Shares 6,500,000 (+30.0%) Est. Cost $1.11 Unrealized —

— BANDWIDTH INC 1.0%

Value ($000) $8,788 (+20.0%) Shares 10,100,000 (+17.4%) Est. Cost $0.66 Unrealized —

— ALARM COM HLDGS INC 0.9%

Value ($000) $7,599 (+15.1%) Shares 8,000,000 (+15.9%) Est. Cost $0.97 Unrealized —

— PACIRA BIOSCIENCES INC 1.0%

Value ($000) $9,073 (+12.1%) Shares 9,000,000 (+12.5%) Est. Cost $0.98 Unrealized —

— WESTERN ASSET GBL HIGH INC F 0.3%

Value ($000) $2,986 (+45.4%) Shares 467,620 (+50.3%) Est. Cost $6.57 Unrealized —

— PROGRESS SOFTWARE CORP 1.5%

Value ($000) $12,759 (+5.9%) Shares 12,617,000 (+5.1%) Est. Cost $1.05 Unrealized —

— NUVEEN CR STRATEGIES INCOME 0.7%

Value ($000) $5,712 (+7.8%) Shares 1,122,293 (+11.6%) Est. Cost $5.36 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	LIBERTY ALL STAR EQUITY FD	2,698,528 (+632.3%)	$17,109 (+632.3%)	2.0%	$6.34	—	SH BEN INT	530158104
—	ABRDN INCOME CREDIT STRATEGI	2,083,887 (+358.8%)	$11,451 (+334.7%)	1.3%	$5.65	—	COM	003057106
—	JAZZ INVESTMENTS I LTD	7,500,000 (+200.0%)	$9,985 (+236.1%)	1.1%	$1.28	—	NOTE 3.125% 9/1	472145AH4
—	SABA CAPITAL INCOME & OPRNT	732,116 (+2087.4%)	$5,138 (+1875.7%)	0.6%	$7.05	—	SHS NEW	78518H202
—	PARSONS CORP DEL	14,000,000 (+40.0%)	$14,415 (+26.8%)	1.6%	$1.01	—	NOTE 2.625% 3/0	70202LAD4
—	XAI MADISON EQUITY PREMIUM I	534,643 (+174.0%)	$3,256 (+170.4%)	0.4%	$6.14	—	COM	557437100
—	TETRA TECH INC NEW	15,526,000 (+11.4%)	$16,849 (+12.3%)	1.9%	$1.27	—	DBCV 2.250% 8/1	88162GAB9
—	ITRON INC	9,000,000 (+28.6%)	$8,912 (+20.4%)	1.0%	$0.88	—	NOTE 3/1	465741AN6
—	GREEN PLAINS INC	6,500,000 (+30.0%)	$6,224 (+30.9%)	0.7%	$1.11	—	NOTE 2.250% 3/1	393222AK0
—	BANDWIDTH INC	10,100,000 (+17.4%)	$8,788 (+20.0%)	1.0%	$0.66	—	NOTE 0.500% 4/0	05988JAD5
—	ALARM COM HLDGS INC	8,000,000 (+15.9%)	$7,599 (+15.1%)	0.9%	$0.97	—	NOTE 2.250% 6/0	011642AD7
—	PACIRA BIOSCIENCES INC	9,000,000 (+12.5%)	$9,073 (+12.1%)	1.0%	$0.98	—	NOTE 2.125% 5/1	695127AJ9
—	WESTERN ASSET GBL HIGH INC F	467,620 (+50.3%)	$2,986 (+45.4%)	0.3%	$6.57	—	COM	95766B109
—	PROGRESS SOFTWARE CORP	12,617,000 (+5.1%)	$12,759 (+5.9%)	1.5%	$1.05	—	NOTE 3.500% 3/0	743312AD2
—	NUVEEN CR STRATEGIES INCOME	1,122,293 (+11.6%)	$5,712 (+7.8%)	0.7%	$5.36	—	COM SHS	67073D102

Exited Positions (25)

XPHDX PIONEER FLOATING RATE FUND I 1.6%

Value ($000) $14,161 Shares 1,421,772 Est. Cost $9.95 Unrealized —

— FIVERR INTL LTD 1.5%

Value ($000) $12,901 Shares 13,000,000 Est. Cost $0.92 Unrealized —

— SOLARIS ENERGY INFRAS INC 1.0%

Value ($000) $8,990 Shares 5,000,000 Est. Cost $1.43 Unrealized —

XJEQX ABRDN JAPAN EQUITY FUND INC 1.0%

Value ($000) $8,498 Shares 1,078,380 Est. Cost $7.88 Unrealized —

— CONFLUENT INC 1.0%

Value ($000) $8,465 Shares 9,000,000 Est. Cost $0.83 Unrealized —

— VERINT SYSTEMS INC 0.9%

Value ($000) $7,840 Shares 8,000,000 Est. Cost $0.91 Unrealized —

— VERTEX INC 0.8%

Value ($000) $7,108 Shares 7,020,000 Est. Cost $1.20 Unrealized —

— IMAX CORP 0.8%

Value ($000) $7,043 Shares 6,000,000 Est. Cost $0.87 Unrealized —

— LUMENTUM HLDGS INC 0.8%

Value ($000) $6,972 Shares 5,000,000 Est. Cost $0.97 Unrealized —

— REAVES UTIL INCOME FD 0.6%

Value ($000) $5,137 Shares 129,661 Est. Cost $39.62 Unrealized —

— GOPRO INC 0.6%

Value ($000) $4,913 Shares 5,000,000 Est. Cost $0.90 Unrealized —

— BOX INC 0.6%

Value ($000) $4,856 Shares 3,900,000 Est. Cost $1.25 Unrealized —

— RIVERNORTH FLEXIBLE MUNI INC 0.4%

Value ($000) $3,664 Shares 280,742 Est. Cost $13.31 Unrealized —

— LUMENTUM HLDGS INC 0.2%

Value ($000) $1,681 Shares 1,000,000 Est. Cost $1.02 Unrealized —

— INVESCO TR INVT GRADE MUNS 0.1%

Value ($000) $1,238 Shares 122,348 Est. Cost $10.15 Unrealized —

— ABRDN EMERGING MARKETS EX CH 0.1%

Value ($000) $1,136 Shares 175,241 Est. Cost $5.13 Unrealized —

XTEAX TORTOISE SUSTAINABLE & SOCIA 0.1%

Value ($000) $1,042 Shares 88,571 Est. Cost $12.02 Unrealized —

— GOSSAMER BIO INC 0.1%

Value ($000) $1,028 Shares 1,500,000 Est. Cost $0.66 Unrealized —

XEVMX EATON VANCE CALIF MUN BD FD 0.1%

Value ($000) $868 Shares 91,433 Est. Cost $9.23 Unrealized —

— BLACKROCK MULTI SECTOR INC T 0.1%

Value ($000) $718 Shares 53,637 Est. Cost $13.39 Unrealized —

— INVESCO QUALITY MUN INCOME T 0.1%

Value ($000) $627 Shares 63,700 Est. Cost $9.92 Unrealized —

— INVESCO MUNICIPAL TRUST 0.1%

Value ($000) $614 Shares 63,600 Est. Cost $9.95 Unrealized —

IGF ISHARES TR 0.0%

Value ($000) $379 Shares 6,200 Est. Cost $61.12 Unrealized —

XENWX EATON VANCE NEW YORK MUN BD 0.0%

Value ($000) $339 Shares 34,369 Est. Cost $9.86 Unrealized —

— RIVERNORTH CAP AND INCM FD I 0.0%

Value ($000) $193 Shares 13,080 Est. Cost $14.72 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
XPHDX	PIONEER FLOATING RATE FUND I	1,421,772	$14,161	1.6%	$9.95	—	—	72369J102
—	FIVERR INTL LTD	13,000,000	$12,901	1.5%	$0.92	—	—	33835LAA3
—	SOLARIS ENERGY INFRAS INC	5,000,000	$8,990	1.0%	$1.43	—	—	83419XAA6
XJEQX	ABRDN JAPAN EQUITY FUND INC	1,078,380	$8,498	1.0%	$7.88	—	—	00306J109
—	CONFLUENT INC	9,000,000	$8,465	1.0%	$0.83	—	—	20717MAB9
—	VERINT SYSTEMS INC	8,000,000	$7,840	0.9%	$0.91	—	—	92343XAC4
—	VERTEX INC	7,020,000	$7,108	0.8%	$1.20	—	—	92538JAB2
—	IMAX CORP	6,000,000	$7,043	0.8%	$0.87	—	—	45245EAJ8
—	LUMENTUM HLDGS INC	5,000,000	$6,972	0.8%	$0.97	—	—	55024UAF6
—	REAVES UTIL INCOME FD	129,661	$5,137	0.6%	$39.62	—	—	756158101
—	GOPRO INC	5,000,000	$4,913	0.6%	$0.90	—	—	38268TAD5
—	BOX INC	3,900,000	$4,856	0.6%	$1.25	—	—	10316TAB0
—	RIVERNORTH FLEXIBLE MUNI INC	280,742	$3,664	0.4%	$13.31	—	—	76883Y107
—	LUMENTUM HLDGS INC	1,000,000	$1,681	0.2%	$1.02	—	—	55024UAD1
—	INVESCO TR INVT GRADE MUNS	122,348	$1,238	0.1%	$10.15	—	—	46131M106
—	ABRDN EMERGING MARKETS EX CH	175,241	$1,136	0.1%	$5.13	—	—	00301W105
XTEAX	TORTOISE SUSTAINABLE & SOCIA	88,571	$1,042	0.1%	$12.02	—	—	27901F109
—	GOSSAMER BIO INC	1,500,000	$1,028	0.1%	$0.66	—	—	38341PAA0
XEVMX	EATON VANCE CALIF MUN BD FD	91,433	$868	0.1%	$9.23	—	—	27828A100
—	BLACKROCK MULTI SECTOR INC T	53,637	$718	0.1%	$13.39	—	—	09258A107
—	INVESCO QUALITY MUN INCOME T	63,700	$627	0.1%	$9.92	—	—	46133G107
—	INVESCO MUNICIPAL TRUST	63,600	$614	0.1%	$9.95	—	—	46131J103
IGF	ISHARES TR	6,200	$379	0.0%	$61.12	—	—	464288372
XENWX	EATON VANCE NEW YORK MUN BD	34,369	$339	0.0%	$9.86	—	—	27827Y109
—	RIVERNORTH CAP AND INCM FD I	13,080	$193	0.0%	$14.72	—	—	76882B108

Decreased Positions (16)

— SEMTECH CORP 1.3%

Value ($000) $11,165 (-36.9%) Shares 5,500,000 (-38.9%) Est. Cost $0.90 Unrealized —

— CHEFS WHSE INC 0.9%

Value ($000) $7,597 (-34.5%) Shares 5,000,000 (-37.5%) Est. Cost $1.04 Unrealized —

— GLOBAL PMTS INC 0.6%

Value ($000) $4,902 (-43.4%) Shares 5,468,000 (-42.2%) Est. Cost $0.94 Unrealized —

— CSG SYS INTL INC 0.7%

Value ($000) $5,913 (-33.6%) Shares 5,000,000 (-37.5%) Est. Cost $1.00 Unrealized —

— ADVENT CONV & INCOME FD 0.1%

Value ($000) $752 (-77.1%) Shares 59,002 (-77.0%) Est. Cost $11.77 Unrealized —

— ORMAT TECHNOLOGIES INC 0.8%

Value ($000) $7,268 (-24.7%) Shares 5,400,000 (-32.5%) Est. Cost $0.98 Unrealized —

— PAGERDUTY INC 0.8%

Value ($000) $6,657 (-24.3%) Shares 7,000,000 (-22.2%) Est. Cost $0.98 Unrealized —

— ADVANCED ENERGY INDS 1.4%

Value ($000) $12,318 (-10.8%) Shares 7,500,000 (-25.0%) Est. Cost $1.06 Unrealized —

— NUVEEN MULTI ASSET INCOME FU 0.2%

Value ($000) $1,541 (-44.6%) Shares 116,794 (-45.6%) Est. Cost $12.07 Unrealized —

— VIRTUS TOTAL RETURN FD INC 0.5%

Value ($000) $4,313 (-20.9%) Shares 686,219 (-18.8%) Est. Cost $5.83 Unrealized —

— BLACKROCK CORE BD TR 0.3%

Value ($000) $3,047 (-12.1%) Shares 316,951 (-9.1%) Est. Cost $9.72 Unrealized —

— EXACT SCIENCES CORP 0.8%

Value ($000) $7,298 (-5.0%) Shares 7,000,000 (-12.5%) Est. Cost $0.86 Unrealized —

— GABELLI HLTHCARE & WELLNESS 0.0%

Value ($000) $427 (-44.7%) Shares 44,233 (-48.0%) Est. Cost $10.32 Unrealized —

— LMP CAP & INCOME FD INC 0.3%

Value ($000) $2,490 (-7.5%) Shares 164,557 (-5.1%) Est. Cost $15.53 Unrealized —

— DESTRA MULTI-ALTERNATIVE FD 0.3%

Value ($000) $2,353 (-5.0%) Shares 260,579 (-9.1%) Est. Cost $7.94 Unrealized —

MRCC MONROE CAP CORP 0.0%

Value ($000) $418 (-17.7%) Shares 67,321 (-7.0%) Est. Cost $6.49 Unrealized -0.3%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	SEMTECH CORP	5,500,000 (-38.9%)	$11,165 (-36.9%)	1.3%	$0.90	—	NOTE 1.625%11/0	816850AF8
—	CHEFS WHSE INC	5,000,000 (-37.5%)	$7,597 (-34.5%)	0.9%	$1.04	—	NOTE 2.375%12/1	163086AE1
—	GLOBAL PMTS INC	5,468,000 (-42.2%)	$4,902 (-43.4%)	0.6%	$0.94	—	NOTE 1.500% 3/0	37940XAU6
—	CSG SYS INTL INC	5,000,000 (-37.5%)	$5,913 (-33.6%)	0.7%	$1.00	—	NOTE 3.875% 9/1	126349AH2
—	ADVENT CONV & INCOME FD	59,002 (-77.0%)	$752 (-77.1%)	0.1%	$11.77	—	COM	00764C109
—	ORMAT TECHNOLOGIES INC	5,400,000 (-32.5%)	$7,268 (-24.7%)	0.8%	$0.98	—	NOTE 2.500% 7/1	686688AB8
—	PAGERDUTY INC	7,000,000 (-22.2%)	$6,657 (-24.3%)	0.8%	$0.98	—	NOTE 1.500%10/1	69553PAD2
—	ADVANCED ENERGY INDS	7,500,000 (-25.0%)	$12,318 (-10.8%)	1.4%	$1.06	—	NOTE 2.500% 9/1	007973AE0
—	NUVEEN MULTI ASSET INCOME FU	116,794 (-45.6%)	$1,541 (-44.6%)	0.2%	$12.07	—	COM	670750108
—	VIRTUS TOTAL RETURN FD INC	686,219 (-18.8%)	$4,313 (-20.9%)	0.5%	$5.83	—	COM	92835W107
—	BLACKROCK CORE BD TR	316,951 (-9.1%)	$3,047 (-12.1%)	0.3%	$9.72	—	SHS BEN INT	09249E101
—	EXACT SCIENCES CORP	7,000,000 (-12.5%)	$7,298 (-5.0%)	0.8%	$0.86	—	NOTE 0.375% 3/1	30063PAB1
—	GABELLI HLTHCARE & WELLNESS	44,233 (-48.0%)	$427 (-44.7%)	0.0%	$10.32	—	SHS	36246K103
—	LMP CAP & INCOME FD INC	164,557 (-5.1%)	$2,490 (-7.5%)	0.3%	$15.53	—	COM	50208A102
—	DESTRA MULTI-ALTERNATIVE FD	260,579 (-9.1%)	$2,353 (-5.0%)	0.3%	$7.94	—	COMMON SHARES	25065A502
MRCC	MONROE CAP CORP	67,321 (-7.0%)	$418 (-17.7%)	0.0%	$6.49	-0.3%	COM	610335101

Unchanged Positions (51)

— CENTURY ALUM CO 1.4%

Value ($000) $11,886 Shares 5,650,000 Est. Cost $0.97 Unrealized —

— MKS INC. 1.8%

Value ($000) $15,679 Shares 12,268,000 Est. Cost $0.99 Unrealized —

— EVOLENT HEALTH INC 0.5%

Value ($000) $4,592 Shares 6,500,000 Est. Cost $1.00 Unrealized —

— ANI PHARMACEUTICALS INC 1.6%

Value ($000) $14,456 Shares 11,473,000 Est. Cost $1.41 Unrealized —

— CIPHER MINING INC 1.2%

Value ($000) $10,448 Shares 3,000,000 Est. Cost $1.84 Unrealized —

— VARONIS SYS INC 1.1%

Value ($000) $9,295 Shares 10,000,000 Est. Cost $1.08 Unrealized —

— WAYFAIR INC 1.8%

Value ($000) $16,216 Shares 9,732,000 Est. Cost $1.14 Unrealized —

— APPLIED OPTOELECTRONICS INC 1.2%

Value ($000) $10,395 Shares 9,000,000 Est. Cost $0.83 Unrealized —

— ITRON INC 1.0%

Value ($000) $9,085 Shares 9,000,000 Est. Cost $1.18 Unrealized —

— ENCORE CAP GROUP INC 1.4%

Value ($000) $12,305 Shares 11,250,000 Est. Cost $0.92 Unrealized —

— HALOZYME THERAPEUTICS INC 2.1%

Value ($000) $18,550 Shares 14,000,000 Est. Cost $0.98 Unrealized —

— LANTHEUS HLDGS INC 1.4%

Value ($000) $12,111 Shares 10,600,000 Est. Cost $1.13 Unrealized —

— WISDOMTREE INC 1.3%

Value ($000) $11,128 Shares 9,254,000 Est. Cost $1.31 Unrealized —

— GRANITE CONSTR INC 2.7%

Value ($000) $23,912 Shares 15,000,000 Est. Cost $1.36 Unrealized —

— PATRICK INDS INC 2.1%

Value ($000) $18,586 Shares 10,949,000 Est. Cost $0.92 Unrealized —

— AKAMAI TECHNOLOGIES INC 1.6%

Value ($000) $13,671 Shares 13,827,000 Est. Cost $0.95 Unrealized —

— COINBASE GLOBAL INC 0.3%

Value ($000) $2,897 Shares 2,837,000 Est. Cost $1.26 Unrealized —

— LIVANOVA PLC 1.1%

Value ($000) $9,256 Shares 8,000,000 Est. Cost $1.01 Unrealized —

— FLUOR CORP 1.8%

Value ($000) $15,843 Shares 13,889,000 Est. Cost $1.21 Unrealized —

— SSR MINING IN 0.9%

Value ($000) $7,834 Shares 6,000,000 Est. Cost $1.12 Unrealized —

— JAZZ INVESTMENTS I LTD 0.8%

Value ($000) $6,948 Shares 6,000,000 Est. Cost $1.12 Unrealized —

— REPLIGEN CORP 0.8%

Value ($000) $6,580 Shares 6,000,000 Est. Cost $1.02 Unrealized —

— ALPHATEC HLDGS INC 0.4%

Value ($000) $3,115 Shares 2,512,000 Est. Cost $0.92 Unrealized —

— FRESHPET INC 1.5%

Value ($000) $12,848 Shares 11,000,000 Est. Cost $1.48 Unrealized —

— OSI SYSTEMS INC 2.0%

Value ($000) $17,801 Shares 12,028,000 Est. Cost $1.45 Unrealized —

— WINNEBAGO INDS INC 1.0%

Value ($000) $8,466 Shares 9,000,000 Est. Cost $0.87 Unrealized —

— AMC NETWORKS INC 0.6%

Value ($000) $5,596 Shares 5,500,000 Est. Cost $0.83 Unrealized —

— POST HLDGS INC 0.9%

Value ($000) $8,070 Shares 7,500,000 Est. Cost $1.14 Unrealized —

— NORTHERN OIL & GAS INC 0.8%

Value ($000) $7,202 Shares 7,500,000 Est. Cost $1.05 Unrealized —

— ON SEMICONDUCTOR CORP 1.4%

Value ($000) $12,477 Shares 13,168,000 Est. Cost $0.98 Unrealized —

— VEECO INSTRS INC DEL 1.1%

Value ($000) $9,296 Shares 7,500,000 Est. Cost $1.72 Unrealized —

— BLACKLINE INC 1.5%

Value ($000) $12,722 Shares 12,000,000 Est. Cost $1.06 Unrealized —

— BOX INC 0.7%

Value ($000) $6,316 Shares 6,500,000 Est. Cost $1.00 Unrealized —

— SPECTRUM BRANDS INC 1.0%

Value ($000) $8,978 Shares 9,500,000 Est. Cost $0.91 Unrealized —

— LCI INDS 0.9%

Value ($000) $8,114 Shares 8,217,000 Est. Cost $1.00 Unrealized —

— GREENBRIER COS INC 1.7%

Value ($000) $14,900 Shares 13,795,000 Est. Cost $0.98 Unrealized —

— ALARM COM HLDGS INC 1.1%

Value ($000) $9,969 Shares 10,000,000 Est. Cost $0.86 Unrealized —

— MAGNITE INC 0.8%

Value ($000) $7,406 Shares 7,500,000 Est. Cost $0.78 Unrealized —

— UPWORK INC 1.1%

Value ($000) $9,660 Shares 9,890,000 Est. Cost $0.76 Unrealized —

— VISHAY INTERTECHNOLOGY INC 1.1%

Value ($000) $9,900 Shares 11,031,000 Est. Cost $0.91 Unrealized —

— XOMETRY INC 0.1%

Value ($000) $1,256 Shares 1,000,000 Est. Cost $0.67 Unrealized —

— RAPID7 INC 0.9%

Value ($000) $7,675 Shares 8,123,000 Est. Cost $0.90 Unrealized —

— REDFIN CORP 0.3%

Value ($000) $2,753 Shares 2,925,000 Est. Cost $0.58 Unrealized —

— ENOVIS CORPORATION 0.6%

Value ($000) $4,890 Shares 5,000,000 Est. Cost $1.06 Unrealized —

— CONMED CORP 1.1%

Value ($000) $9,572 Shares 10,000,000 Est. Cost $1.09 Unrealized —

— BENTLEY SYS INC 1.3%

Value ($000) $11,736 Shares 12,500,000 Est. Cost $0.78 Unrealized —

— ACCURAY INC DEL 0.5%

Value ($000) $4,488 Shares 4,700,000 Est. Cost $0.82 Unrealized —

— WORKIVA INC 0.8%

Value ($000) $7,024 Shares 6,000,000 Est. Cost $1.46 Unrealized —

— MANNKIND CORP 0.6%

Value ($000) $4,881 Shares 4,300,000 Est. Cost $0.99 Unrealized —

— WORKIVA INC 0.8%

Value ($000) $6,894 Shares 7,000,000 Est. Cost $0.96 Unrealized —

— INOTIV INC 0.1%

Value ($000) $440 Shares 2,000,000 Est. Cost $0.47 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	CENTURY ALUM CO	5,650,000	$11,886	1.4%	$0.97	—	NOTE 2.750% 5/0	156431AQ1
—	MKS INC.	12,268,000	$15,679	1.8%	$0.99	—	NOTE 1.250% 6/0	55306NAB0
—	EVOLENT HEALTH INC	6,500,000	$4,592	0.5%	$1.00	—	DEBT 4.500% 8/1	30050BAJ0
—	ANI PHARMACEUTICALS INC	11,473,000	$14,456	1.6%	$1.41	—	NOTE 2.250% 9/0	00182CAC7
—	CIPHER MINING INC	3,000,000	$10,448	1.2%	$1.84	—	NOTE 1.750% 5/1	17253JAA4
—	VARONIS SYS INC	10,000,000	$9,295	1.1%	$1.08	—	NOTE 1.000% 9/1	922280AD4
—	WAYFAIR INC	9,732,000	$16,216	1.8%	$1.14	—	NOTE 3.250% 9/1	94419LAP6
—	APPLIED OPTOELECTRONICS INC	9,000,000	$10,395	1.2%	$0.83	—	NOTE 2.750% 1/1	03823UAE2
—	ITRON INC	9,000,000	$9,085	1.0%	$1.18	—	NOTE 1.375% 7/1	465741AQ9
—	ENCORE CAP GROUP INC	11,250,000	$12,305	1.4%	$0.92	—	NOTE 4.000% 3/1	292554AP7
—	HALOZYME THERAPEUTICS INC	14,000,000	$18,550	2.1%	$0.98	—	NOTE 1.000% 8/1	40637HAF6
—	LANTHEUS HLDGS INC	10,600,000	$12,111	1.4%	$1.13	—	NOTE 2.625%12/1	516544AB9
—	WISDOMTREE INC	9,254,000	$11,128	1.3%	$1.31	—	NOTE 3.250% 8/1	97717PAH7
—	GRANITE CONSTR INC	15,000,000	$23,912	2.7%	$1.36	—	NOTE 3.250% 6/1	387328AF4
—	PATRICK INDS INC	10,949,000	$18,586	2.1%	$0.92	—	NOTE 1.750%12/0	703343AG8
—	AKAMAI TECHNOLOGIES INC	13,827,000	$13,671	1.6%	$0.95	—	NOTE 1.125% 2/1	00971TAN1
—	COINBASE GLOBAL INC	2,837,000	$2,897	0.3%	$1.26	—	NOTE 0.250% 4/0	19260QAF4
—	LIVANOVA PLC	8,000,000	$9,256	1.1%	$1.01	—	NOTE 2.500% 3/1	53802LAB8
—	FLUOR CORP	13,889,000	$15,843	1.8%	$1.21	—	NOTE 1.125% 8/1	343412AJ1
—	SSR MINING IN	6,000,000	$7,834	0.9%	$1.12	—	NOTE 2.500% 4/0	784730AB9
—	JAZZ INVESTMENTS I LTD	6,000,000	$6,948	0.8%	$1.12	—	NOTE 2.000% 6/1	472145AF8
—	REPLIGEN CORP	6,000,000	$6,580	0.8%	$1.02	—	NOTE 1.000%12/1	759916AD1
—	ALPHATEC HLDGS INC	2,512,000	$3,115	0.4%	$0.92	—	NOTE 0.750% 8/0	02081GAB8
—	FRESHPET INC	11,000,000	$12,848	1.5%	$1.48	—	NOTE 3.000% 4/0	358039AB1
—	OSI SYSTEMS INC	12,028,000	$17,801	2.0%	$1.45	—	NOTE 2.250% 8/0	671044AF2
—	WINNEBAGO INDS INC	9,000,000	$8,466	1.0%	$0.87	—	NOTE 3.250% 1/1	974637AF7
—	AMC NETWORKS INC	5,500,000	$5,596	0.6%	$0.83	—	NOTE 4.250% 2/1	00164VAJ2
—	POST HLDGS INC	7,500,000	$8,070	0.9%	$1.14	—	NOTE 2.500% 8/1	737446AT1
—	NORTHERN OIL & GAS INC	7,500,000	$7,202	0.8%	$1.05	—	NOTE 3.625% 4/1	665531AJ8
—	ON SEMICONDUCTOR CORP	13,168,000	$12,477	1.4%	$0.98	—	NOTE 0.500% 3/0	682189AU9
—	VEECO INSTRS INC DEL	7,500,000	$9,296	1.1%	$1.72	—	NOTE 2.875% 6/0	922417AJ9
—	BLACKLINE INC	12,000,000	$12,722	1.5%	$1.06	—	NOTE 1.000% 6/0	09239BAF6
—	BOX INC	6,500,000	$6,316	0.7%	$1.00	—	NOTE 1.500% 9/1	10316TAD6
—	SPECTRUM BRANDS INC	9,500,000	$8,978	1.0%	$0.91	—	NOTE 3.375% 6/0	84762LAZ8
—	LCI INDS	8,217,000	$8,114	0.9%	$1.00	—	NOTE 1.125% 5/1	501812AB7
—	GREENBRIER COS INC	13,795,000	$14,900	1.7%	$0.98	—	NOTE 2.875% 4/1	393657AM3
—	ALARM COM HLDGS INC	10,000,000	$9,969	1.1%	$0.86	—	NOTE 1/1	011642AB1
—	MAGNITE INC	7,500,000	$7,406	0.8%	$0.78	—	NOTE 0.250% 3/1	55955DAB6
—	UPWORK INC	9,890,000	$9,660	1.1%	$0.76	—	NOTE 0.250% 8/1	91688FAB0
—	VISHAY INTERTECHNOLOGY INC	11,031,000	$9,900	1.1%	$0.91	—	NOTE 2.250% 9/1	928298AR9
—	XOMETRY INC	1,000,000	$1,256	0.1%	$0.67	—	NOTE 1.000% 2/0	98423FAB5
—	RAPID7 INC	8,123,000	$7,675	0.9%	$0.90	—	NOTE 0.250% 3/1	753422AF1
—	REDFIN CORP	2,925,000	$2,753	0.3%	$0.58	—	NOTE 0.500% 4/0	75737FAE8
—	ENOVIS CORPORATION	5,000,000	$4,890	0.6%	$1.06	—	NOTE 3.875%10/1	194014AB2
—	CONMED CORP	10,000,000	$9,572	1.1%	$1.09	—	NOTE 2.250% 6/1	207410AH4
—	BENTLEY SYS INC	12,500,000	$11,736	1.3%	$0.78	—	NOTE 0.375% 7/0	08265TAD1
—	ACCURAY INC DEL	4,700,000	$4,488	0.5%	$0.82	—	NOTE 3.750% 6/0	004397AK1
—	WORKIVA INC	6,000,000	$7,024	0.8%	$1.46	—	NOTE 1.125% 8/1	98139AAB1
—	MANNKIND CORP	4,300,000	$4,881	0.6%	$0.99	—	NOTE 2.500% 3/0	56400PAQ5
—	WORKIVA INC	7,000,000	$6,894	0.8%	$0.96	—	NOTE 1.250% 8/1	98139AAD7
—	INOTIV INC	2,000,000	$440	0.1%	$0.47	—	NOTE 3.250%10/1	45783QAB6