| DUKE ENERGY CORP (DUK 4.125 04/15/26) | NOTE 4.125% 4/1 · principal | 166,340,000 | $170.5M | Reduce -9.4% |
| EVERGY INC (EVRG 4.5 12/15/27) | NOTE 4.500%12/1 · principal | 155,065,000 | $168.3M | New |
| AIRBNB INC (ABNB 0 03/15/26) | NOTE 3/1 · principal | 167,000,000 | $156.6M | Reduce -0.1% |
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | 150,694,000 | $145.7M | Reduce -6.1% |
| SPOTIFY USA INC (SPOT 0 03/15/26) | NOTE 3/1 · principal | 109,792,000 | $116.7M | Reduce -25.5% |
| SHOPIFY INC (SHOPCN 0.125 11/01/25) | NOTE 0.125%11/0 · principal | 111,913,000 | $113.9M | Add +5.2% |
| AMERICAN WATER CAPITAL C (AWK 3.625 06/15/26) | NOTE 3.625% 6/1 · principal | 114,815,000 | $113.3M | Add +22.9% |
| SNAP INC (SNAP 0 05/01/27) | NOTE 5/0 · principal | 116,750,000 | $101.3M | No change |
| VENTAS REALTY LP (VTR 3.75 06/01/26) | NOTE 3.750% 6/0 · principal | 76,730,000 | $87.2M | Reduce -16.3% |
| UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) | NOTE 0.875%12/0 · principal | 75,218,000 | $82.7M | New |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | 68,150 | $82.5M | Add +10.3% |
| HALOZYME THERAPEUTICS IN (HALO 1 08/15/28) | NOTE 1.000% 8/1 · principal | 75,463,000 | $81.4M | Add +19.9% |
| CINEMARK HOLDINGS INC (CNK 4.5 08/15/25) | NOTE 4.500% 8/1 · principal | 34,313,000 | $74.5M | No change |
| NEXTERA ENERGY INC (NEE 6.926 09/01/25) | UNIT 09/01/2025 | 1,727,123 | $71.1M | Add +331.8% |
| UBER TECHNOLOGIES INC (UBER 0 12/15/25) | NOTE 12/1 · principal | 70,390,000 | $71.0M | Add +441.9% |
| UPWORK INC (UPWK 0.25 08/15/26) | NOTE 0.250% 8/1 · principal | 73,023,000 | $67.3M | No change |
| SEAGATE HDD CAYMAN (STX 3.5 06/01/28) | NOTE 3.500% 6/0 · principal | 55,631,000 | $66.8M | No change |
| NEXTERA ENERGY INC (NEE 7.234 11/01/27) | UNIT 11/01/2027 | 1,431,755 | $65.4M | New |
| FIRSTENERGY CORP (FE 4 05/01/26) | NOTE 4.000% 5/0 · principal | 64,810,000 | $65.0M | Reduce -25.7% |
| ZIFF DAVIS INC (ZD 3.625 03/01/28) | DEBT 3.625% 3/0 · principal | 65,824,000 | $64.3M | Add +23.9% |
| SOUTHERN CO (SO 3.875 12/15/25) | NOTE 3.875%12/1 · principal | 58,467,000 | $61.4M | Add +22.8% |
| EXPEDIA GROUP INC (EXPE 0 02/15/26) | NOTE 2/1 · principal | 61,391,000 | $60.9M | Add +12.7% |
| DEXCOM INC (DXCM 0.375 05/15/28) | NOTE 0.375% 5/1 · principal | 65,175,000 | $58.3M | Reduce -13.1% |
| DAYFORCE INC (DAY 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | 58,827,000 | $56.5M | No change |
| EL PASO ENERGY CAP TRST (KMI 4.75 03/31/28) | PFD CV TR SEC 28 | 1,117,254 | $53.6M | Add +4.6% |
| UNITY SOFTWARE INC (U 0 11/15/26) | NOTE 11/1 · principal | 58,807,000 | $53.6M | Add +14.4% |
| ARBOR REALTY TRUST INC (ABR 7.5 08/01/25) | NOTE 7.500% 8/0 · principal | 53,445,000 | $53.2M | No change |
| TETRA TECH INC (TTEK 2.25 08/15/28) | DBCV 2.250% 8/1 · principal | 44,251,000 | $51.9M | Add +130.6% |
| MARRIOTT VACATION WORLDW (VAC 3.25 12/15/27) | NOTE 3.250%12/1 · principal | 53,425,000 | $49.8M | Reduce -24.5% |
| IONIS PHARMACEUTICALS IN (IONS 1.75 06/15/28) | NOTE 1.750% 6/1 · principal | 50,025,000 | $49.2M | No change |
| PAGERDUTY INC. (PD 1.5 10/15/28 *) | NOTE 1.500%10/1 · principal | 50,129,000 | $48.7M | New |
| ETSY INC (ETSY 0.25 06/15/28) | NOTE 0.250% 6/1 · principal | 57,240,000 | $46.8M | Add +9.5% |
| WORLD KINECT GROUP (WKC 3.25 07/01/28) | NOTE 3.250% 7/0 · principal | 41,300,000 | $46.5M | Add +8.1% |
| DIGITALOCEAN HOLDINGS (DOCN 0 12/01/26) | NOTE 12/0 · principal | 51,850,000 | $46.0M | No change |
| BLOCK INC (XYZ 0.25 11/01/27) | NOTE 0.250%11/0 · principal | 50,970,000 | $44.1M | No change |
| OKTA INC (OKTA 0.375 06/15/26) | NOTE 0.375% 6/1 · principal | 46,236,000 | $42.9M | Add +20.9% |
| PEBBLEBROOK HOTEL TRUST (PEB 1.75 12/15/26) | NOTE 1.750%12/1 · principal | 43,863,000 | $40.7M | Reduce -7.2% |
| SHAKE SHACK INC (SHAK 0 03/01/28) | NOTE 3/0 · principal | 39,603,000 | $40.5M | Add +11.5% |
| BLOCK INC (XYZ 0 05/01/26) | NOTE 5/0 · principal | 42,209,000 | $39.1M | No change |
| LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29) | NOTE 3.125% 1/1 · principal | 27,475,000 | $37.4M | Reduce -8.3% |
| WESTERN DIGITAL CORP (WDC 3 11/15/28) | NOTE 3.000%11/1 · principal | 27,275,000 | $36.1M | New |
| PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28) | NOTE 2.875% 3/1 · principal | 34,359,000 | $35.8M | Reduce -41.8% |
| FLUOR CORP (FLR 1.125 08/15/29) | NOTE 1.125% 8/1 · principal | 27,850,000 | $35.0M | Add +56.0% |
| CHEFS' WAREHOUSE THE (CHEF 2.375 12/15/28) | NOTE 2.375%12/1 · principal | 26,397,000 | $33.9M | Add +10.5% |
| WAYFAIR INC (W 3.25 09/15/27) | NOTE 3.250% 9/1 · principal | 31,375,000 | $33.4M | Add +2.1% |
| ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) | NOTE 0.500% 3/0 · principal | 35,018,000 | $33.0M | Reduce -3.7% |
| ENVISTA HOLDINGS CORP (NVST 1.75 08/15/28) | NOTE 1.750% 8/1 · principal | 35,063,000 | $31.4M | Reduce -6.2% |
| ALLIANT ENERGY CORP (LNT 3.875 03/15/26) | NOTE 3.875% 3/1 · principal | 30,302,000 | $31.1M | Add +89.4% |
| HALOZYME THERAPEUTICS IN (HALO 0.25 03/01/27) | NOTE 0.250% 3/0 · principal | 32,423,000 | $30.9M | Reduce -21.5% |
| LUMENTUM HOLDINGS INC (LITE 1.5 12/15/29) | NOTE 1.500%12/1 · principal | 22,050,000 | $30.7M | Reduce -4.3% |
| AMPHASTAR PHARMACEUTICAL (AMPH 2 03/15/29) | NOTE 2.000% 3/1 · principal | 31,325,000 | $29.2M | Add +0.4% |
| WORKIVA INC (WK 1.25 08/15/28) | NOTE 1.250% 8/1 · principal | 26,435,000 | $28.0M | Reduce -59.3% |
| AMERICAN AIRLINES GROUP (AAL 6.5 07/01/25) | NOTE 6.500% 7/0 · principal | 23,534,000 | $27.5M | Reduce -63.1% |
| NUTANIX INC (NTNX 0.25 10/01/27) | NOTE 0.250%10/0 · principal | 22,120,000 | $26.7M | Reduce -4.3% |
| RAPID7 INC (RPD 1.25 03/15/29) | NOTE 1.250% 3/1 · principal | 27,655,000 | $26.2M | Reduce -29.7% |
| LCI INDUSTRIES (LCII 1.125 05/15/26) | NOTE 1.125% 5/1 · principal | 26,675,000 | $26.1M | Add +0.3% |
| JBT MAREL CORP (JBTM 0.25 05/15/26) | NOTE 0.250% 5/1 · principal | 25,654,000 | $25.5M | Add +0.7% |
| HCI GROUP INC (HCI 4.75 06/01/42) | NOTE 4.750% 6/0 · principal | 15,245,000 | $23.5M | No change |
| VISHAY INTERTECHNOLOGY (VSH 2.25 09/15/30) | NOTE 2.250% 9/1 · principal | 25,455,000 | $22.7M | Reduce -68.2% |
| WOLF Wolfspeed Inc. (wolf 1.875 12/01/29) | NOTE 1.875%12/0 · principal | 51,225,000 | $21.2M | Reduce -30.8% |
| INNOVIVA INC (INVA 2.5 08/15/25) | NOTE 2.500% 8/1 · principal | 17,190,000 | $18.9M | No change |
| LANTHEUS HOLDINGS INC (LNTH 2.625 12/15/27) | NOTE 2.625%12/1 · principal | 14,000,000 | $18.6M | No change |
| ENPHASE ENERGY INC (ENPH 0 03/01/28) | NOTE 3/0 · principal | 20,379,000 | $16.7M | Add +94.1% |
| ORMAT TECHNOLOGIES INC (ORA 2.5 07/15/27) | NOTE 2.500% 7/1 · principal | 15,410,000 | $15.1M | No change |
| AKAMAI TECHNOLOGIES INC (AKAM 1.125 02/15/29) | NOTE 1.125% 2/1 · principal | 15,475,000 | $15.1M | Reduce -43.4% |
| INNOVIVA INC (INVA 2.125 03/15/28) | NOTE 2.125% 3/1 · principal | 15,402,000 | $14.5M | Add +0.5% |
| BLOOM ENERGY CORP (BE 3 06/01/28) | NOTE 3.000% 6/0 · principal | 9,825,000 | $13.6M | Reduce -33.7% |
| WAYFAIR INC (W 3.5 11/15/28) | NOTE 3.500%11/1 · principal | 10,000,000 | $12.4M | Add +100.0% |
| EVENTBRITE INC (EB 0.75 09/15/26) | NOTE 0.750% 9/1 · principal | 13,345,000 | $11.8M | No change |
| WINNEBAGO INDUSTRIES (WGO 1.5 04/01/25) | NOTE 1.500% 4/0 · principal | 12,090,000 | $11.7M | Add +59.3% |
| EPR PROPERTIES (EPR 5.75 PERP C) | PFD C CV 5.75% | 546,740 | $11.3M | No change |
| PAR TECHNOLOGY CORP (PAR 1.5 10/15/27) | NOTE 1.500%10/1 · principal | 8,493,000 | $9.7M | No change |
| TELADOC HEALTH INC (TDOC 1.25 06/01/27) | NOTE 1.250% 6/0 · principal | 10,566,000 | $9.2M | Reduce -48.6% |
| CONMED CORP (CNMD 2.25 06/15/27) | NOTE 2.250% 6/1 · principal | 9,700,000 | $9.0M | Reduce -33.3% |
| ALARM.COM HLDGS INC (ALRM 0 01/15/26) | NOTE 1/1 · principal | 9,400,000 | $8.9M | No change |
| CMS ENERGY CORP (CMS 3.375 05/01/28) | NOTE 3.375% 5/0 · principal | 7,623,000 | $7.9M | Reduce -35.2% |
| ETSY INC (ETSY 0.125 09/01/27) | NOTE 0.125% 9/0 · principal | 8,000,000 | $6.9M | New |
| ADVANCED ENERGY IND (AEIS 2.5 09/15/28) | NOTE 2.500% 9/1 · principal | 6,150,000 | $6.7M | Add +207.5% |
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | 4,814 | $5.7M | Reduce -52.0% |
| EPR PROPERTIES (EPR 9 PERP E) | CONV PFD 9% SR E | 177,343 | $4.9M | No change |
| CABLE ONE INC (CABO 1.125 03/15/28) | NOTE 1.125% 3/1 · principal | 5,746,000 | $4.7M | Reduce -23.9% |
| DROPBOX INC (DBX 0 03/01/28) | NOTE 3/0 · principal | 4,375,000 | $4.5M | Add +4.2% |
| BURLINGTON STORES INC (BURL 2.25 04/15/25) | NOTE 2.250% 4/1 · principal | 2,925,000 | $3.8M | No change |
| MIDDLEBY CORP (MIDD 1 09/01/25) | NOTE 1.000% 9/0 · principal | 3,175,000 | $3.5M | Add +4.1% |
| AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) | NOTE 0.375% 9/0 · principal | 3,525,000 | $3.5M | No change |
| PAR TECHNOLOGY CORP (PAR 2.875 04/15/26) | NOTE 2.875% 4/1 · principal | 1,920,000 | $3.3M | Reduce -84.9% |
| IONIS PHARMACEUTICALS IN (IONS 0 04/01/26) | NOTE 4/0 · principal | 1,900,000 | $1.8M | Reduce -50.3% |
| SOUTHWEST AIRLINES CO (LUV 1.25 05/01/25) | NOTE 1.250% 5/0 · principal | 1,775,000 | $1.8M | Add +4.4% |
| CORZW Core Scientific Inc. - 27 | *W EXP 01/23/202 · principal | 655,551 | $0 | Add +33.6% |