Fidelity Advisor Strategic Income Fund

Fund Profile

Fund profile

Tickers

FSTAX, FSRCX, FSIAX, FSRIX, FADMX, FIWDX

Fund manager

Fidelity Limited Term Bond Fund

Total assets

$14.95 bn

Liabilities

$646.88 mm

Net assets

$14.30 bn

Number of holdings

970.00

Top 200 of 970 Holdings

As of Dec 2024

Security	$Holding	Balance	% of Fund	Category	Position	Country
Fidelity Emerging Markets Debt Central Fund	2.22 bn	275.79 mm shares	15.50	Common equity	Long	USA
Fidelity Cash Central Fund	954.03 mm	953.84 mm shares	6.67	Short-term investment vehicle	Long	USA
Fidelity Floating Rate Central Fund	718.89 mm	7.32 mm shares	5.03	Common equity	Long	USA
GERMANY FEDERAL REPUBLIC OF 2.6% 08/15/2033 REGS	322.65 mm	304.52 mm principal	2.26	Debt	Long	Germany
UST NOTES 1.125% 08/31/2028	302.82 mm	339.52 mm principal	2.12	Debt	Long	USA
GERMANY FEDERAL REPUBLIC OF 2.6% 08/15/2034 REGS	290.06 mm	274.48 mm principal	2.03	Debt	Long	Germany
UST NOTES 1.875% 02/28/2027	230.75 mm	242.56 mm principal	1.61	Debt	Long	USA
UST NOTES 0.375% 12/31/2025	152.49 mm	158.36 mm principal	1.07	Debt	Long	USA
UNITED STATES TREASURY BOND 2.5% 02/15/2045	149.90 mm	216.06 mm principal	1.05	Debt	Long	USA
UST NOTES 4.25% 11/30/2026	138.18 mm	138.21 mm principal	0.97	Debt	Long	USA
UST NOTES 0.75% 08/31/2026	131.78 mm	139.55 mm principal	0.92	Debt	Long	USA
UST NOTES 4.125% 02/15/2027	129.51 mm	129.86 mm principal	0.91	Debt	Long	USA
GERMANY FEDERAL REPUBLIC OF 2.1% 04/12/2029 REGS	96.05 mm	92.79 mm principal	0.67	Debt	Long	Germany
UNITED STATES TREASURY BOND 3% 02/15/2049	93.72 mm	128.82 mm principal	0.66	Debt	Long	USA
FEDERAL HOME LN MTG MLT CTF GT 1.336% 09/25/2027	93.38 mm	100.99 mm principal	0.65	ABS-mortgage backed security	Long	USA
NVDA NVIDIA Corporation	84.07 mm	626.00 k shares	0.59	Common equity	Long	USA
SATS EchoStar Corporation	75.27 mm	70.00 mm principal	0.53	Debt	Long	USA
UNITED STATES TREASURY BOND 4.75% 02/15/2037	75.25 mm	74.20 mm principal	0.53	Debt	Long	USA
UST NOTES 2.75% 08/15/2032	74.18 mm	83.64 mm principal	0.52	Debt	Long	USA
UNITED STATES TREASURY BOND 3.625% 02/15/2053	73.22 mm	90.12 mm principal	0.51	Debt	Long	USA
UNITED STATES TREASURY BOND 2.25% 02/15/2052	69.96 mm	115.40 mm principal	0.49	Debt	Long	USA
UNITED STATES TREASURY BOND 2% 08/15/2051	69.73 mm	122.02 mm principal	0.49	Debt	Long	USA
UST NOTES 3.875% 08/15/2034	68.88 mm	72.79 mm principal	0.48	Debt	Long	USA
UST NOTES 3.75% 08/31/2031	68.04 mm	71.02 mm principal	0.48	Debt	Long	USA
TRANSDIGM INC 5.5% 11/15/2027	66.96 mm	68.14 mm principal	0.47	Debt	Long	USA
GERMANY FEDERAL REPUBLIC OF 2.5% 03/13/2025 REGS	61.21 mm	59.10 mm principal	0.43	Debt	Long	Germany
UST NOTES 4% 01/15/2027	60.98 mm	61.28 mm principal	0.43	Debt	Long	USA
BAC Bank of America Corporation	60.62 mm	60.48 mm principal	0.42	Preferred equity	Long	USA
JAPAN GOVERNMENT OF 0.7% 12/20/2048	56.90 mm	12.00 bn principal	0.40	Debt	Long	Japan
ALLY FINL INC 8% 11/01/2031	56.77 mm	51.35 mm principal	0.40	Debt	Long	USA
UNITED STATES TREASURY BOND 4.375% 08/15/2043	53.10 mm	56.43 mm principal	0.37	Debt	Long	USA
UNITED STATES TREASURY BOND 4.5% 11/15/2054	52.56 mm	55.13 mm principal	0.37	Debt	Long	USA
UST NOTES 4.125% 11/15/2027	52.28 mm	52.51 mm principal	0.37	Debt	Long	USA
US LBM TERM B 1LN 06/06/2031	51.09 mm	51.61 mm principal	0.36	Loan	Long	USA
UST NOTES 3.875% 12/31/2027	50.53 mm	51.10 mm principal	0.35	Debt	Long	USA
UNITED STATES TREASURY BOND 4.125% 08/15/2044	49.91 mm	55.15 mm principal	0.35	Debt	Long	USA
META Meta Platforms, Inc.	47.60 mm	81.30 k shares	0.33	Common equity	Long	USA
FEDERAL HOME LN MTG MLT CTF GT 2.525% 05/25/2026	47.10 mm	48.30 mm principal	0.33	ABS-mortgage backed security	Long	USA
UMBS 30YR 5% 01/01/2055 #TBA	46.44 mm	48.15 mm principal	0.32	ABS-mortgage backed security	Long	USA
EG GLOBAL FINANCE PLC 12% 11/30/2028 144A	46.33 mm	41.43 mm principal	0.32	Debt	Long	UK
TIBX TIBCO Software Inc	45.88 mm	46.75 mm principal	0.32	Debt	Long	USA
UST NOTES 3.5% 02/15/2033	45.87 mm	49.31 mm principal	0.32	Debt	Long	USA
GNII II 2% 01/01/2055 #TBA	45.32 mm	56.75 mm principal	0.32	ABS-mortgage backed security	Long	USA
UST NOTES 4.25% 03/15/2027	45.11 mm	45.12 mm principal	0.32	Debt	Long	USA
UST NOTES 0.75% 03/31/2026	44.11 mm	46.05 mm principal	0.31	Debt	Long	USA
UST NOTES 1% 07/31/2028	43.75 mm	49.14 mm principal	0.31	Debt	Long	USA
UST NOTES 4.25% 06/30/2029	42.52 mm	42.74 mm principal	0.30	Debt	Long	USA
UMBS 30YR 3% 01/01/2055 #TBA	41.74 mm	49.20 mm principal	0.29	ABS-mortgage backed security	Long	USA
VST Vistra Corp.	39.61 mm	287.30 k shares	0.28	Common equity	Long	USA
UST NOTES 1.5% 01/31/2027	38.76 mm	40.99 mm principal	0.27	Debt	Long	USA
FREMF 2015-KPLB B MORTGAGE TRUST 2.5% 05/25/2025 144A	38.53 mm	39.00 mm principal	0.27	ABS-mortgage backed security	Long	USA
UST NOTES 2.5% 02/28/2026	38.23 mm	39.00 mm principal	0.27	Debt	Long	USA
UMBS 30YR 2.5% 01/01/2055 #TBA	37.41 mm	46.00 mm principal	0.26	ABS-mortgage backed security	Long	USA
WFC Wells Fargo & Company	36.71 mm	36.78 mm principal	0.26	Preferred equity	Long	USA
UST NOTES 3.5% 09/30/2029	36.16 mm	37.58 mm principal	0.25	Debt	Long	USA
UST NOTES 4.25% 02/28/2031	35.38 mm	35.79 mm principal	0.25	Debt	Long	USA
UST NOTES 4.125% 11/30/2031	35.30 mm	36.07 mm principal	0.25	Debt	Long	USA
PROOFPOINT TERM B 1LN 08/31/2028	35.04 mm	34.90 mm principal	0.25	Loan	Long	USA
FEDERAL HOME LN MTG MLT CTF GT 2.995% 12/25/2025	35.01 mm	35.49 mm principal	0.24	ABS-mortgage backed security	Long	USA
UST NOTES 1.25% 09/30/2028	34.21 mm	38.28 mm principal	0.24	Debt	Long	USA
UST NOTES 4.5% 03/31/2026	33.89 mm	33.80 mm principal	0.24	Debt	Long	USA
UST NOTES 3.625% 03/31/2028	33.79 mm	34.50 mm principal	0.24	Debt	Long	USA
ONEMAIN FINANCE CORP 7.125% 03/15/2026	33.49 mm	32.90 mm principal	0.23	Debt	Long	USA
UMBS 30YR 2% 01/01/2055 #TBA	33.46 mm	43.08 mm principal	0.23	ABS-mortgage backed security	Long	USA
UST NOTES 4.625% 11/15/2026	32.96 mm	32.75 mm principal	0.23	Debt	Long	USA
UST NOTES 4.375% 11/30/2028	32.52 mm	32.51 mm principal	0.23	Debt	Long	USA
UST NOTES 1.25% 12/31/2026	31.99 mm	33.92 mm principal	0.22	Debt	Long	USA
UST NOTES 4.125% 08/31/2030	31.38 mm	31.87 mm principal	0.22	Debt	Long	USA
UKG TERM B 1LN 02/10/2031	31.33 mm	31.14 mm principal	0.22	Loan	Long	USA
APO Apollo Global Management, Inc.	31.30 mm	189.50 k shares	0.22	Common equity	Long	USA
ALTICE FRANCE SA 5.125% 07/15/2029 144A	29.49 mm	39.39 mm principal	0.21	Debt	Long	France
DISH DISH Network CORP	29.12 mm	27.49 mm principal	0.20	Debt	Long	USA
FEDERAL HOME LN MTG MLT CTF GT 3.117% 06/25/2027	28.63 mm	29.61 mm principal	0.20	ABS-mortgage backed security	Long	USA
UST NOTES 3.125% 11/15/2028	27.68 mm	28.93 mm principal	0.19	Debt	Long	USA
NOVOLEX TERM 1LN 04/13/2029	27.53 mm	27.50 mm principal	0.19	Loan	Long	USA
UST NOTES 4.125% 03/31/2031	27.39 mm	27.90 mm principal	0.19	Debt	Long	USA
UST NOTES 2.875% 05/15/2032	27.37 mm	30.47 mm principal	0.19	Debt	Long	USA
GERMANY FEDERAL REPUBLIC OF 2.4% 10/19/2028 REGS	27.15 mm	25.90 mm principal	0.19	Debt	Long	Germany
CEG Constellation Energy Corporation	27.00 mm	120.70 k shares	0.19	Common equity	Long	USA
UST NOTES 4.125% 11/15/2032	26.99 mm	27.68 mm principal	0.19	Debt	Long	USA
UST NOTES 4.875% 10/31/2030	26.35 mm	25.78 mm principal	0.18	Debt	Long	USA
V Visa Inc.	26.14 mm	82.70 k shares	0.18	Common equity	Long	USA
FEDERAL HOME LN MTG MLT CTF GT 3.151% 11/25/2025	25.87 mm	26.17 mm principal	0.18	ABS-mortgage backed security	Long	USA
MSFT Microsoft Corporation	25.50 mm	60.50 k shares	0.18	Common equity	Long	USA
CCL Carnival Corporation & plc	25.17 mm	26.56 mm principal	0.18	Debt	Long	Panama
FIX Comfort Systems USA, Inc.	24.09 mm	56.80 k shares	0.17	Common equity	Long	USA
UST NOTES 4.375% 11/30/2030	24.08 mm	24.16 mm principal	0.17	Debt	Long	USA
UNITED STATES TREASURY BOND 4.625% 05/15/2054	23.96 mm	24.66 mm principal	0.17	Debt	Long	USA
BP CAPITAL MARKETS BV 4.323% 05/12/2035 REGS	23.67 mm	21.71 mm principal	0.17	Debt	Long	Netherlands
UMBS 30YR 6.5% 01/01/2055 #TBA	23.18 mm	22.70 mm principal	0.16	ABS-mortgage backed security	Long	USA
AJG Arthur J. Gallagher & Co.	23.08 mm	81.30 k shares	0.16	Common equity	Long	USA
UST NOTES 4% 07/31/2030	22.93 mm	23.42 mm principal	0.16	Debt	Long	USA
UST NOTES 0.625% 07/31/2026	22.68 mm	24.00 mm principal	0.16	Debt	Long	USA
CVI CVR Energy, Inc.	22.58 mm	24.51 mm principal	0.16	Debt	Long	USA
ALBERTSONS COS LLC / SAFEWAY INC / NEW ALBERTSONS INC / ALBERTSONS LLC 4.875% 02/15/2030 144A	22.32 mm	23.42 mm principal	0.16	Debt	Long	USA
TRANSDIGM INC 6.875% 12/15/2030 144A	22.30 mm	21.98 mm principal	0.16	Debt	Long	USA
BOUYGUES SA 5.375% 06/30/2042 REGS	22.23 mm	18.40 mm principal	0.16	Debt	Long	France
UST NOTES 2.625% 07/31/2029	22.15 mm	23.88 mm principal	0.15	Debt	Long	USA
ALTICE FRANCE SA 5.5% 10/15/2029 144A	22.07 mm	29.47 mm principal	0.15	Debt	Long	France
ASR NEDERLAND NV 7%/VAR 12/07/2043 REGS	21.91 mm	17.84 mm principal	0.15	Debt	Long	Netherlands
UST NOTES 4.625% 09/30/2028	21.83 mm	21.63 mm principal	0.15	Debt	Long	USA
FEDERAL HOME LN MTG MLT CTF GT 2.653% 08/25/2026	21.70 mm	22.36 mm principal	0.15	ABS-mortgage backed security	Long	USA
CLYDESDALE ACQUISITION HOLDINGS INC 8.75% 04/15/2030 144A	21.42 mm	21.19 mm principal	0.15	Debt	Long	USA
UST NOTES 4.125% 10/31/2031	21.34 mm	21.80 mm principal	0.15	Debt	Long	USA
VRT Vertiv Holdings Co	21.31 mm	187.60 k shares	0.15	Common equity	Long	USA
FEDERAL HOME LN MTG MLT CTF GT 2024-K523 AS TSFR1M+55 05/25/2029	21.25 mm	21.20 mm principal	0.15	ABS-mortgage backed security	Long	USA
WOLF Wolfspeed, Inc.	21.24 mm	51.25 mm principal	0.15	Debt	Long	USA
BRAND INDUSTRIAL SERVICES INC 10.375% 08/01/2030 144A	21.21 mm	20.84 mm principal	0.15	Debt	Long	USA
UST NOTES 3.625% 03/31/2030	21.14 mm	21.93 mm principal	0.15	Debt	Long	USA
1011778 BC ULC/NEW RED FIN INC 4% 10/15/2030 144A	21.01 mm	23.49 mm principal	0.15	Debt	Long	Canada
NEPTUNE BIDCO US INC 9.29% 04/15/2029 144A	20.98 mm	22.56 mm principal	0.15	Debt	Long	USA
AMZN Amazon.com, Inc.	20.86 mm	95.10 k shares	0.15	Common equity	Long	USA
EATON CORP PLC	20.08 mm	60.50 k shares	0.14	Common equity	Long	Ireland
UST NOTES 3.5% 01/31/2028	20.07 mm	20.54 mm principal	0.14	Debt	Long	USA
THC Tenet Healthcare Corporation	20.03 mm	20.05 mm principal	0.14	Debt	Long	USA
ET Energy Transfer LP	20.01 mm	20.35 mm principal	0.14	Preferred equity	Long	USA
FX Forward: USD/EUR settle 2025-01-14 CANADIAN IMPERIAL BANK OF COMMERCE	19.85 mm	1.00 contracts	0.14	DFE	N/A	Canada
ALLIANT HOLDINGS LP 10%/ 10.5% PIK PREF PERP	19.64 mm	20.06 mm principal	0.14	Preferred equity	Long	USA
ALLIANT HLDGS INTERMEDIATE LLC/ALLIANT HLDGS CO-ISSUER 6.75% 10/15/2027 144A	19.49 mm	19.66 mm principal	0.14	Debt	Long	USA
FEDERAL HOME LN MTG MLT CTF GT 3.308% 09/25/2025	19.38 mm	19.56 mm principal	0.14	ABS-mortgage backed security	Long	USA
BARCLAYS PLC 4.506%/VAR 01/31/2033 REGS	19.37 mm	17.68 mm principal	0.14	Debt	Long	UK
FEDERAL HOME LN MTG MLT CTF GT 3.243% 04/25/2027	19.32 mm	19.90 mm principal	0.14	ABS-mortgage backed security	Long	USA
NRG NRG Energy, Inc.	19.28 mm	19.35 mm principal	0.13	Debt	Long	USA
ENVU TERM 1LN 10/04/2029	19.20 mm	19.12 mm principal	0.13	Loan	Long	USA
FEDERAL HOME LN MTG MLT CTF GT 2.673% 03/25/2026	19.06 mm	19.47 mm principal	0.13	ABS-mortgage backed security	Long	USA
UST NOTES 4% 10/31/2029	18.98 mm	19.30 mm principal	0.13	Debt	Long	USA
JPMORGAN CHASE and CO 4%/VAR PERP	18.92 mm	19.10 mm principal	0.13	Preferred equity	Long	USA
ALLY FINL INC 8% 11/01/2031	18.51 mm	16.76 mm principal	0.13	Debt	Long	USA
SATS EchoStar Corporation	18.43 mm	20.32 mm principal	0.13	Debt	Long	USA
HUB INTERNATIONAL LTD 7.25% 06/15/2030 144A	18.37 mm	17.93 mm principal	0.13	Debt	Long	USA
CVI CVR Energy, Inc.	17.97 mm	18.74 mm principal	0.13	Debt	Long	USA
EG GROUP TERM BC 1LN 02/07/2028	17.94 mm	17.80 mm principal	0.13	Loan	Long	USA
BYD COMPANY LTD H	17.77 mm	522.50 k shares	0.12	Common equity	Long	China
MPT OPER PARTNERSHIP LP/CORP 5% 10/15/2027	17.71 mm	21.01 mm principal	0.12	Debt	Long	USA
CRH SMW FINANCE DAC 4.25% 07/11/2035 REGS	17.70 mm	16.06 mm principal	0.12	Debt	Long	Ireland
UNIVISION COMMUNICATIONS INC 7.375% 06/30/2030 144A	17.67 mm	18.48 mm principal	0.12	Debt	Long	USA
ICAHN ENTERPRISES LP/FIN CORP 5.25% 05/15/2027	17.67 mm	18.67 mm principal	0.12	Debt	Long	USA
Pike Corp	17.62 mm	18.33 mm principal	0.12	Debt	Long	USA
FEDERAL HOME LN MTG MLT CTF GT 2.57% 07/25/2026	17.55 mm	18.02 mm principal	0.12	ABS-mortgage backed security	Long	USA
UBER Uber Technologies, Inc.	17.53 mm	17.22 mm principal	0.12	Debt	Long	USA
SATS EchoStar Corporation	17.46 mm	16.64 mm principal	0.12	Debt	Long	USA
FEDERAL HOME LN MTG MLT CTF GT 3.75% 08/25/2025	17.43 mm	17.55 mm principal	0.12	ABS-mortgage backed security	Long	USA
VISTRA OPERATIONS CO LLC 5.625% 02/15/2027 144A	17.39 mm	17.45 mm principal	0.12	Debt	Long	USA
UST NOTES 2.75% 05/31/2029	17.34 mm	18.54 mm principal	0.12	Debt	Long	USA
CROWN CORK and SEAL INC 7.375% 12/15/2026	16.96 mm	16.54 mm principal	0.12	Debt	Long	USA
FEDERAL HOME LN MTG MLT CTF GT 3.208% 02/25/2026	16.88 mm	17.09 mm principal	0.12	ABS-mortgage backed security	Long	USA
SUEZ SACA 2.375% 05/24/2030 REGS	16.66 mm	16.80 mm principal	0.12	Debt	Long	France
ALLIANT HLDGS INTERMEDIATE LLC/ALLIANT HLDGS CO-ISSUER 6.75% 04/15/2028 144A	16.44 mm	16.41 mm principal	0.11	Debt	Long	USA
UST NOTES 1.125% 10/31/2026	16.35 mm	17.30 mm principal	0.11	Debt	Long	USA
SOUTHERN NAT GAS CO LLC 7.35% 02/15/2031	16.35 mm	14.89 mm principal	0.11	Debt	Long	USA
LNG Cheniere Energy, Inc.	16.20 mm	75.40 k shares	0.11	Common equity	Long	USA
VEEAM SOFTWARE TERM B 1LN 04/14/2031	16.13 mm	16.02 mm principal	0.11	Loan	Long	USA
MESQUITE ENERGY INC	15.99 mm	185.12 k shares	0.11	Common equity	Long	USA
HUB INTERNATIONAL LTD 5.625% 12/01/2029 144A	15.98 mm	16.47 mm principal	0.11	Debt	Long	USA
COTIVITI TERM B 1LN 04/30/2031	15.74 mm	15.68 mm principal	0.11	Loan	Long	USA
CXW CoreCivic, Inc.	15.61 mm	14.76 mm principal	0.11	Debt	Long	USA
Onemain Finance Corp	15.59 mm	299.10 k shares	0.11	Common equity	Long	USA
ON ON Semiconductor Corporation	15.58 mm	247.09 k shares	0.11	Common equity	Long	USA
ALLIANT HOLDINGS TERM B6 1LN 09/19/2031	15.50 mm	15.48 mm principal	0.11	Loan	Long	USA
KEHE DIST/FIN / NEXTWAVE 9% 02/15/2029 144A	15.41 mm	14.85 mm principal	0.11	Debt	Long	USA
UST NOTES 3.875% 08/15/2033	15.34 mm	16.11 mm principal	0.11	Debt	Long	USA
UNITED STATES TREASURY BOND 3% 05/15/2045	15.19 mm	20.10 mm principal	0.11	Debt	Long	USA
ANET Arista Networks, Inc.	15.12 mm	136.80 k shares	0.11	Common equity	Long	USA
PBF HLDG CO LLC / PBF FIN CORP 6% 02/15/2028	15.11 mm	15.76 mm principal	0.11	Debt	Long	USA
UST NOTES 4.125% 07/31/2028	14.90 mm	15.00 mm principal	0.10	Debt	Long	USA
OLYMPUS WATER US HOLDING CORPORATION 9.75% 11/15/2028 144A	14.79 mm	13.94 mm principal	0.10	Debt	Long	USA
FERTITTA ENTERTAINMENT LLC / FERTITTA ENTERTAINMENT FINANCE CO INC 6.75% 01/15/2030 144A	14.65 mm	15.89 mm principal	0.10	Debt	Long	USA
DVA DaVita Inc.	14.57 mm	15.85 mm principal	0.10	Debt	Long	USA
MA Mastercard Incorporated	14.53 mm	27.60 k shares	0.10	Common equity	Long	USA
UNITED STATES TREASURY BOND 4.25% 08/15/2054	14.39 mm	15.76 mm principal	0.10	Debt	Long	USA
UNITED AIRLINES INC 4.375% 04/15/2026 144A	14.32 mm	14.56 mm principal	0.10	Debt	Long	USA
UNITED STATES TREASURY BOND 4.125% 08/15/2053	14.29 mm	16.04 mm principal	0.10	Debt	Long	USA
UBS GROUP AG 4.75%/VAR 03/17/2032 REGS	14.19 mm	12.71 mm principal	0.10	Debt	Long	Switzerland
CRK Comstock Resources, Inc.	14.15 mm	15.17 mm principal	0.10	Debt	Long	USA
MCAFEE TERM B 1LN 03/01/2029	14.02 mm	14.03 mm principal	0.10	Loan	Long	USA
UST NOTES 3.875% 11/30/2027	13.95 mm	14.11 mm principal	0.10	Debt	Long	USA
IRM Iron Mountain Incorporated	13.87 mm	14.59 mm principal	0.10	Debt	Long	USA
THC Tenet Healthcare Corporation	13.84 mm	13.95 mm principal	0.10	Debt	Long	USA
AMERICAN AIRLINES INC / AADVANTAGE LOYALTY IP LTD 5.75% 04/20/2029 144A	13.75 mm	13.87 mm principal	0.10	Debt	Long	USA
CITGO PETROLEUM CORP 7% 06/15/2025 144A	13.59 mm	13.58 mm principal	0.10	Debt	Long	USA
VISTRA OPERATIONS CO LLC 5% 07/31/2027 144A	13.54 mm	13.80 mm principal	0.09	Debt	Long	USA
ALBERTSONS COS LLC / SAFEWAY INC / NEW ALBERTSONS INC / ALBERTSONS LLC 4.625% 01/15/2027 144A	13.51 mm	13.80 mm principal	0.09	Debt	Long	USA
BRANDSAFWAY TERM B 1LN 08/01/2030	13.50 mm	13.92 mm principal	0.09	Loan	Long	USA
ATHENAHEALTH GROUP TERM B 1LN 02/15/2029	13.37 mm	13.35 mm principal	0.09	Loan	Long	USA
UST NOTES 0.375% 01/31/2026	13.34 mm	13.90 mm principal	0.09	Debt	Long	USA
JPMORGAN CHASE and CO 4.6%/VAR PERP	13.33 mm	13.39 mm principal	0.09	Preferred equity	Long	USA
PCG PG&E Corporation	13.30 mm	13.62 mm principal	0.09	Debt	Long	USA
GOLDEN NUGGET TERM 1LN 01/27/2029	13.01 mm	12.98 mm principal	0.09	Loan	Long	USA
FEDERAL HOME LN MTG MLT CTF GT CSTR 08/25/2025	12.99 mm	13.09 mm principal	0.09	ABS-mortgage backed security	Long	USA
ACRISURE LLC / ACRISURE FINANCE INC 8.25% 02/01/2029 144A	12.95 mm	12.51 mm principal	0.09	Debt	Long	USA
FEDERAL HOME LN MTG MLT CTF GT 3.7% 05/25/2025	12.93 mm	12.99 mm principal	0.09	ABS-mortgage backed security	Long	USA
FEDERAL NAT MTG ASN GTD REM PA 2% 10/25/2047	12.93 mm	15.07 mm principal	0.09	ABS-collateralized bond/debt obligation	Long	USA
MAPFRE SA 2.875% 04/13/2030 REGS	12.93 mm	12.90 mm principal	0.09	Debt	Long	Spain
PH Parker-Hannifin Corporation	12.91 mm	20.30 k shares	0.09	Common equity	Long	USA
TRANSDIGM INC 6.75% 08/15/2028 144A	12.87 mm	12.76 mm principal	0.09	Debt	Long	USA
SM SM Energy Company	12.81 mm	12.83 mm principal	0.09	Debt	Long	USA
BHC Bausch Health Companies Inc.	12.73 mm	14.03 mm principal	0.09	Debt	Long	Canada
ADBE Adobe Inc.	12.70 mm	28.56 k shares	0.09	Common equity	Long	USA
VICI PROPERTIES LP / VICI NOTE CO INC 4.25% 12/01/2026 144A	12.44 mm	12.65 mm principal	0.09	Debt	Long	USA
CRM Salesforce, Inc.	12.44 mm	37.20 k shares	0.09	Common equity	Long	USA