{"entity_type":"fund","name":"Franklin Templeton SMACS Series I","identifiers":{"lei":"5493003KSFL8D4N0NQ52","cik":"872625","fund_id":"S000065651","fundkey":"franklin-templeton-smacs-series-i"},"dates":{"reporting_period_start":"2025-11-30","reporting_period_end":"2026-08-31","filing_date":"2026-01-27"},"summary":{"total_positions":172,"total_value_usd":680431409.71,"asset_categories":["ABS-MBS","STIV","LON","DBT","EC"],"by_asset_category":{"EC":{"positions":3,"total_value_usd":4558157.06},"DBT":{"positions":140,"total_value_usd":529877359.44},"ABS-MBS":{"positions":24,"total_value_usd":133307039.72},"LON":{"positions":4,"total_value_usd":10798858.86},"STIV":{"positions":1,"total_value_usd":1889994.63}}},"holdings":[{"issuer_name":"GNMA","title":"GNMA II, Single-family, 30 Year","isin":"US3618N5XQ77","value_usd":22206596.07,"pct_val":3.227248433839,"balance":21944926.96,"units":"PA","currency":"USD","asset_cat":"ABS-MBS","issuer_cat":"USGA","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"CHS/Community Health Systems, Inc.","title":"CHS/Community Health Systems, Inc.","isin":"US12543DBP42","value_usd":18578700,"pct_val":2.700012207578,"balance":17500000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"CORP","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"CHS/Community Health Systems, Inc.","title":"CHS/Community Health Systems, Inc.","isin":"US12543DBN93","value_usd":17302000,"pct_val":2.514471476235,"balance":16000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"CORP","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Tenet Healthcare Corp.","title":"Tenet Healthcare Corp.","isin":"US88033GDU13","value_usd":15639930,"pct_val":2.272925550532,"balance":15000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"CORP","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"CHS/Community Health Systems, Inc.","title":"CHS/Community Health Systems, Inc.","isin":"US12543DBL38","value_usd":14974610.4,"pct_val":2.176235736824,"balance":18000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"CORP","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Beach Acquisition Bidco LLC","title":"Beach Acquisition Bidco LLC","isin":"US07337JAC18","value_usd":13558087.5,"pct_val":1.970374771185,"balance":12500000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"CORP","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"CHS/Community Health Systems, Inc.","title":"CHS/Community Health Systems, Inc.","isin":"US12543DBJ81","value_usd":13551357.15,"pct_val":1.969396660383,"balance":15000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"CORP","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Venture Global LNG, Inc.","title":"Venture Global LNG, Inc.","isin":"US92332YAF88","value_usd":11927641.88,"pct_val":1.733424765114,"balance":14000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"CORP","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Tenet Healthcare Corp.","title":"Tenet Healthcare Corp.","isin":"US88033GDQ01","value_usd":11257301,"pct_val":1.636005216962,"balance":11000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"CORP","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"CCO Holdings LLC / CCO Holdings Capital Corp.","title":"CCO Holdings LLC / CCO Holdings Capital Corp.","isin":"US1248EPCS01","value_usd":11175571,"pct_val":1.624127529195,"balance":11000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"CORP","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"CommScope LLC","title":"CommScope LLC","isin":"US20338QAA13","value_usd":11047850,"pct_val":1.605566044314,"balance":11000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"CORP","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Wynn Resorts Finance LLC / Wynn Resorts Capital Corp.","title":"Wynn Resorts Finance LLC / Wynn Resorts Capital Corp.","isin":"US983133AC37","value_usd":10810650,"pct_val":1.571094154696,"balance":10000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"CORP","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"CHS/Community Health Systems, Inc.","title":"CHS/Community Health Systems, Inc.","isin":"US12543DBQ25","value_usd":10647290,"pct_val":1.547353311998,"balance":10000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"CORP","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"American Airlines, Inc.","title":"American Airlines, Inc.","isin":"US023771T402","value_usd":10452688.6,"pct_val":1.519072207529,"balance":10000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"CORP","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"FHLMC Pool","title":"FHLMC Pool, 30 Year","isin":"US3132DWNG41","value_usd":10383239.89,"pct_val":1.508979339631,"balance":10390393.88,"units":"PA","currency":"USD","asset_cat":"ABS-MBS","issuer_cat":"USGSE","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Vistra Corp.","title":"Vistra Corp.","isin":"US92840MAB81","value_usd":10258730,"pct_val":1.490884520136,"balance":10000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"CORP","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Venture Global LNG, Inc.","title":"Venture Global LNG, Inc.","isin":"US92332YAA91","value_usd":10249690,"pct_val":1.489570751661,"balance":10000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"CORP","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"NRG Energy, Inc.","title":"NRG Energy, Inc.","isin":"US629377DD11","value_usd":10162170,"pct_val":1.476851612625,"balance":10000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"CORP","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"CommScope LLC","title":"CommScope LLC","isin":"US20338MAA09","value_usd":10153100,"pct_val":1.4755334843,"balance":10000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"CORP","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"FHLMC Pool","title":"FHLMC Pool, 30 Year","isin":"US3132DWNJ89","value_usd":9990612.86,"pct_val":1.451919492924,"balance":9857961.86,"units":"PA","currency":"USD","asset_cat":"ABS-MBS","issuer_cat":"USGSE","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Mauser Packaging Solutions Holding Co.","title":"Mauser Packaging Solutions Holding Co.","isin":"US57763RAF47","value_usd":9418750,"pct_val":1.368811595005,"balance":10000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"CORP","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"GNMA","title":"GNMA II, Single-family, 30 Year","isin":"US3618N5MQ96","value_usd":8989721.54,"pct_val":1.306461587771,"balance":8889844.32,"units":"PA","currency":"USD","asset_cat":"ABS-MBS","issuer_cat":"USGA","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Carnival Corp.","title":"Carnival Corp.","isin":"US143658BX94","value_usd":8761069,"pct_val":1.273231886592,"balance":8500000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"CORP","inv_country":"PA","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"TransDigm, Inc.","title":"TransDigm, Inc.","isin":"US893647BV82","value_usd":8324984,"pct_val":1.209856363895,"balance":8000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"CORP","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Cleveland-Cliffs, Inc.","title":"Cleveland-Cliffs, Inc.","isin":"US185899AR28","value_usd":8259004.8,"pct_val":1.200267714234,"balance":8000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"CORP","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"GNMA","title":"GNMA II, Single-family, 30 Year","isin":"US3618N5TP41","value_usd":8095652.16,"pct_val":1.176527941153,"balance":7926412.4,"units":"PA","currency":"USD","asset_cat":"ABS-MBS","issuer_cat":"USGA","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Ardagh Group SA","title":"Ardagh Group SA","isin":"US039959AA98","value_usd":7891480.52,"pct_val":1.146856009293,"balance":7315000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"CORP","inv_country":"LU","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Caesars Entertainment, Inc.","title":"Caesars Entertainment, Inc.","isin":"US12769GAD25","value_usd":7639123.92,"pct_val":1.110181435687,"balance":8000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"CORP","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Tronox, Inc.","title":"Tronox, Inc.","isin":"US897051AD02","value_usd":7549578.4,"pct_val":1.097167931129,"balance":8000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"CORP","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Calumet Specialty Products Partners LP / Calumet Finance Corp.","title":"Calumet Specialty Products Partners LP / Calumet Finance Corp.","isin":"US131477AV34","value_usd":7482297,"pct_val":1.087390034864,"balance":7500000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"CORP","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Fertitta Entertainment LLC / Fertitta Entertainment Finance Co., Inc.","title":"Fertitta Entertainment LLC / Fertitta Entertainment Finance Co., Inc.","isin":"US31556TAC36","value_usd":7467085.6,"pct_val":1.08517938688,"balance":8000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"CORP","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"1261229 BC Ltd.","title":"1261229 BC Ltd.","isin":"US68288AAA51","value_usd":7242830,"pct_val":1.052588685829,"balance":7000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"CORP","inv_country":"CA","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"FHLMC Pool","title":"FHLMC Pool, 30 Year","isin":"US3142J6BU67","value_usd":6870027.19,"pct_val":0.998409860722,"balance":6702667.09,"units":"PA","currency":"USD","asset_cat":"ABS-MBS","issuer_cat":"USGSE","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Fortescue Treasury Pty. Ltd.","title":"Fortescue Treasury Pty. Ltd.","isin":"US30251GBE61","value_usd":6268326,"pct_val":0.910965606909,"balance":6000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"CORP","inv_country":"AU","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"SCIH Salt Holdings, Inc.","title":"SCIH Salt Holdings, Inc.","isin":"US78433BAB45","value_usd":6031320,"pct_val":0.876521910995,"balance":6000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"CORP","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"GNMA","title":"GNMA II, Single-family, 30 Year","isin":"US3618N5TN92","value_usd":6019480.76,"pct_val":0.874801333531,"balance":5952601.44,"units":"PA","currency":"USD","asset_cat":"ABS-MBS","issuer_cat":"USGA","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Calpine Corp.","title":"Calpine Corp.","isin":"US131347CP95","value_usd":5959626.6,"pct_val":0.866102825957,"balance":6000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"CORP","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"FNMA","title":"FNMA, 30 Year","isin":"US31418FNK92","value_usd":5833739.68,"pct_val":0.847807884934,"balance":5695584.84,"units":"PA","currency":"USD","asset_cat":"ABS-MBS","issuer_cat":"USGSE","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"X Corp.","title":"X Corp., First Lien, CME Term Loan, B1","isin":"US90184NAG34","value_usd":5807462.37,"pct_val":0.843989046276,"balance":5954081.6325,"units":"PA","currency":"USD","asset_cat":"LON","issuer_cat":"CORP","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Tenet Healthcare Corp.","title":"Tenet Healthcare Corp.","isin":"US88033GDK31","value_usd":5628728,"pct_val":0.81801387143,"balance":5600000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"CORP","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"DaVita, Inc.","title":"DaVita, Inc.","isin":"US23918KAT51","value_usd":5569396.2,"pct_val":0.809391277583,"balance":6000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"CORP","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"CoreWeave, Inc.","title":"CoreWeave, Inc.","isin":"US21873SAB43","value_usd":5541362.22,"pct_val":0.805317144935,"balance":6000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"CORP","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"FHLMC Pool","title":"FHLMC Pool, 30 Year","isin":"US3132DWHT36","value_usd":5495309.47,"pct_val":0.798624373794,"balance":5407452.481,"units":"PA","currency":"USD","asset_cat":"ABS-MBS","issuer_cat":"USGSE","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Organon & Co. / Organon Foreign Debt Co-Issuer BV","title":"Organon & Co. / Organon Foreign Debt Co-Issuer BV","isin":"US68622FAB76","value_usd":5474201.2,"pct_val":0.795556743299,"balance":6500000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"CORP","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Ardagh Group SA","title":"Ardagh Group SA","isin":"US03969UAA43","value_usd":5460000,"pct_val":0.793492906036,"balance":6000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"CORP","inv_country":"LU","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"GNMA","title":"GNMA II, Single-family, 30 Year","isin":"US3618N5JD21","value_usd":5422610.06,"pct_val":0.788059086961,"balance":5364745.11,"units":"PA","currency":"USD","asset_cat":"ABS-MBS","issuer_cat":"USGA","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Mauser Packaging Solutions Holding Co.","title":"Mauser Packaging Solutions Holding Co.","isin":"US57763RAE71","value_usd":5343887.34,"pct_val":0.776618442298,"balance":5500000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"CORP","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Connect Holding II LLC","title":"Connect Holding II LLC","isin":"US20753PAD33","value_usd":5218544.71,"pct_val":0.758402602054,"balance":5500000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"CORP","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Newell Brands, Inc.","title":"Newell Brands, Inc.","isin":"US651229BG06","value_usd":5217380,"pct_val":0.758233336647,"balance":5000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"CORP","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Venture Global LNG, Inc.","title":"Venture Global LNG, Inc.","isin":"US92332YAD31","value_usd":5208785,"pct_val":0.756984239298,"balance":5000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"CORP","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Tronox, Inc.","title":"Tronox, Inc.","isin":"US897051AC29","value_usd":5175041.6,"pct_val":0.752080365942,"balance":8000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"CORP","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Citigroup, Inc.","title":"Citigroup, Inc., Series GG","isin":"US17327CBC64","value_usd":5122080,"pct_val":0.744383542884,"balance":5000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"CORP","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"FNMA","title":"FNMA, 30 Year","isin":"US31418FQ911","value_usd":5046500.38,"pct_val":0.733399679824,"balance":4980288.1,"units":"PA","currency":"USD","asset_cat":"ABS-MBS","issuer_cat":"USGSE","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Medline Borrower LP","title":"Medline Borrower LP","isin":"US62482BAB80","value_usd":5016180,"pct_val":0.728993268388,"balance":5000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"CORP","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"CCO Holdings LLC / CCO Holdings Capital Corp.","title":"CCO Holdings LLC / CCO Holdings Capital Corp.","isin":"US1248EPBT92","value_usd":4996073,"pct_val":0.726071150831,"balance":5000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"CORP","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"FHLMC Pool","title":"FHLMC Pool, 30 Year","isin":"US3132DWMX82","value_usd":4714962.75,"pct_val":0.685217856108,"balance":4717967.91,"units":"PA","currency":"USD","asset_cat":"ABS-MBS","issuer_cat":"USGSE","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Caesars Entertainment, Inc.","title":"Caesars Entertainment, Inc.","isin":"US12769GAB68","value_usd":4661361,"pct_val":0.677428001094,"balance":4500000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"CORP","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"FNMA","title":"FNMA, 30 Year","isin":"US3140XPBW81","value_usd":4553379.92,"pct_val":0.661735286631,"balance":4541712.9,"units":"PA","currency":"USD","asset_cat":"ABS-MBS","issuer_cat":"USGSE","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"JetBlue Airways Corp. / JetBlue Loyalty LP","title":"JetBlue Airways Corp. / JetBlue Loyalty LP","isin":"US476920AA15","value_usd":4448045.97,"pct_val":0.646427275259,"balance":4500000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"CORP","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"TransDigm, Inc.","title":"TransDigm, Inc.","isin":"US893647CA37","value_usd":4443415.89,"pct_val":0.645754393275,"balance":4250000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"CORP","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"McAfee Corp.","title":"McAfee Corp.","isin":"US579063AB46","value_usd":4368682.5,"pct_val":0.634893511442,"balance":5000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"CORP","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Dornoch Debt Merger Sub, Inc.","title":"Dornoch Debt Merger Sub, Inc.","isin":"US25830JAA97","value_usd":4215600.5,"pct_val":0.612646353742,"balance":5000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"CORP","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Vistra Operations Co. LLC","title":"Vistra Operations Co. LLC","isin":"US92840VAR33","value_usd":4209516,"pct_val":0.611762103268,"balance":4000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"CORP","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Matador Resources Co.","title":"Matador Resources Co.","isin":"US576485AG13","value_usd":4065268,"pct_val":0.590798776398,"balance":4000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"CORP","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"FHLMC Pool","title":"FHLMC Pool, 30 Year","isin":"US3132DWNK52","value_usd":4041813.32,"pct_val":0.58739014596,"balance":3988348.942,"units":"PA","currency":"USD","asset_cat":"ABS-MBS","issuer_cat":"USGSE","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"FMC Corp.","title":"FMC Corp.","isin":"US302491AZ88","value_usd":3896989,"pct_val":0.566343063443,"balance":5000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"CORP","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"GNMA","title":"GNMA II, Single-family, 30 Year","isin":"US3618N5PK99","value_usd":3770355.69,"pct_val":0.547939650778,"balance":3691538.32,"units":"PA","currency":"USD","asset_cat":"ABS-MBS","issuer_cat":"USGA","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"GNMA","title":"GNMA II, Single-family, 30 Year","isin":"US3618N5PJ27","value_usd":3739405.58,"pct_val":0.543441721707,"balance":3698579.4,"units":"PA","currency":"USD","asset_cat":"ABS-MBS","issuer_cat":"USGA","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"FHLMC Pool","title":"FHLMC Pool, 30 Year","isin":"US3132DWNX73","value_usd":3686406.31,"pct_val":0.53573942413,"balance":3637643.01,"units":"PA","currency":"USD","asset_cat":"ABS-MBS","issuer_cat":"USGSE","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Celanese US Holdings LLC","title":"Celanese US Holdings LLC","isin":"US15089QAY08","value_usd":3657909.5,"pct_val":0.531598029152,"balance":3500000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"CORP","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Rain Carbon, Inc.","title":"Rain Carbon, Inc.","isin":"US75079LAB71","value_usd":3615976,"pct_val":0.525503901904,"balance":3500000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"CORP","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"FNMA","title":"FNMA, 30 Year","isin":"US31418FED50","value_usd":3587860.52,"pct_val":0.521417924994,"balance":3539614.65,"units":"PA","currency":"USD","asset_cat":"ABS-MBS","issuer_cat":"USGSE","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Wynn Macau Ltd.","title":"Wynn Macau Ltd.","isin":"US98313RAH93","value_usd":3481029.3,"pct_val":0.505892317812,"balance":3500000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"CORP","inv_country":"KY","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Ford Motor Credit Co. LLC","title":"Ford Motor Credit Co. LLC","isin":"US345397D427","value_usd":3222891.75,"pct_val":0.468377608159,"balance":3000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"CORP","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"DaVita, Inc.","title":"DaVita, Inc.","isin":"US23918KAW80","value_usd":3124179,"pct_val":0.454031844997,"balance":3000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"CORP","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Mohegan Tribal Gaming Authority / MS Digital Entertainment Holdings LLC","title":"Mohegan Tribal Gaming Authority / MS Digital Entertainment Holdings LLC","isin":"US60832QAA85","value_usd":3122034,"pct_val":0.453720115641,"balance":3000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"CORP","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Quikrete Holdings, Inc.","title":"Quikrete Holdings, Inc.","isin":"US74843PAA84","value_usd":3117660,"pct_val":0.453084449346,"balance":3000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"CORP","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Opal Bidco SAS","title":"Opal Bidco SAS","isin":"US68348BAA17","value_usd":3095043,"pct_val":0.449797557578,"balance":3000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"CORP","inv_country":"FR","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Calumet Specialty Products Partners LP / Calumet Finance Corp.","title":"Calumet Specialty Products Partners LP / Calumet Finance Corp.","isin":"US131477AX99","value_usd":3093750,"pct_val":0.449609647994,"balance":3000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"CORP","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"NRG Energy, Inc.","title":"NRG Energy, Inc.","isin":"US629377CX83","value_usd":3093462,"pct_val":0.449567793423,"balance":3000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"CORP","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"NRG Energy, Inc.","title":"NRG Energy, Inc.","isin":"US629377CW01","value_usd":3065721,"pct_val":0.445536239081,"balance":3000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"CORP","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Calumet Specialty Products Partners LP / Calumet Finance Corp.","title":"Calumet Specialty Products Partners LP / Calumet Finance Corp.","isin":"US131477AW17","value_usd":3009480,"pct_val":0.437362826164,"balance":3000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"CORP","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Organon & Co. / Organon Foreign Debt Co-Issuer BV","title":"Organon & Co. / Organon Foreign Debt Co-Issuer BV","isin":"US68622TAA97","value_usd":2926173.9,"pct_val":0.425256086351,"balance":3000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"CORP","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Hilcorp Energy I LP / Hilcorp Finance Co.","title":"Hilcorp Energy I LP / Hilcorp Finance Co.","isin":"US431318BG88","value_usd":2856173.13,"pct_val":0.415082988473,"balance":3000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"CORP","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Genmab A/S / Genmab Finance LLC","title":"Genmab A/S / Genmab Finance LLC","isin":"US37230JAA07","value_usd":2829491.61,"pct_val":0.411205406634,"balance":2750000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"CORP","inv_country":"DK","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Univision Communications, Inc.","title":"Univision Communications, Inc.","isin":"US914906BA95","value_usd":2656055,"pct_val":0.386000146619,"balance":2500000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"CORP","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"TransDigm, Inc.","title":"TransDigm, Inc.","isin":"US893647BS53","value_usd":2608160,"pct_val":0.379039644287,"balance":2500000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"CORP","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"RR Donnelley & Sons Co.","title":"RR Donnelley & Sons Co.","isin":"US257867BJ97","value_usd":2572100,"pct_val":0.373799103226,"balance":2500000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"CORP","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Millrose Properties, Inc.","title":"Millrose Properties, Inc.","isin":"US601137AA09","value_usd":2552207.5,"pct_val":0.370908158604,"balance":2500000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"CORP","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Clydesdale Acquisition Holdings, Inc.","title":"Clydesdale Acquisition Holdings, Inc.","isin":"US18972EAD76","value_usd":2524647.5,"pct_val":0.366902908698,"balance":2500000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"CORP","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"GNMA","title":"GNMA II, Single-family, 30 Year","isin":"US3618N5MR79","value_usd":2496459.16,"pct_val":0.362806343162,"balance":2445678.63,"units":"PA","currency":"USD","asset_cat":"ABS-MBS","issuer_cat":"USGA","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Clydesdale Acquisition Holdings, Inc.","title":"Clydesdale Acquisition Holdings, Inc., First Lien, 2025 Incremental Closing Date CME Term Loan, B","isin":"US18972FAE25","value_usd":2440159.52,"pct_val":0.35462440819,"balance":2452187.4983,"units":"PA","currency":"USD","asset_cat":"LON","issuer_cat":"CORP","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Weatherford International Ltd.","title":"Weatherford International Ltd.","isin":"US947075AU14","value_usd":2433522.83,"pct_val":0.353659908843,"balance":2384000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"CORP","inv_country":"BM","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Bank of America Corp.","title":"Bank of America Corp.","isin":"US0605051046","value_usd":2414250,"pct_val":0.350859019853,"balance":45000,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Cleveland-Cliffs, Inc.","title":"Cleveland-Cliffs, Inc.","isin":"US18589GAA31","value_usd":2336613.75,"pct_val":0.339576270104,"balance":2250000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"CORP","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"FHLMC Pool","title":"FHLMC Pool, 30 Year","isin":"US3132DWHH97","value_usd":2335364.58,"pct_val":0.339394730263,"balance":2276832.968,"units":"PA","currency":"USD","asset_cat":"ABS-MBS","issuer_cat":"USGSE","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"FHLMC Pool","title":"FHLMC Pool, 30 Year","isin":"US3132DWMY65","value_usd":2269848.4,"pct_val":0.329873370545,"balance":2239430.069,"units":"PA","currency":"USD","asset_cat":"ABS-MBS","issuer_cat":"USGSE","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Venture Global Plaquemines LNG LLC","title":"Venture Global Plaquemines LNG LLC","isin":"US922966AB20","value_usd":2229568,"pct_val":0.324019485627,"balance":2000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"CORP","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Yeoman Capital SA","title":"Yeoman Capital SA","isin":"US9859231014","value_usd":2130751.06,"pct_val":0.309658580703,"balance":345624,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"LU","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Hanesbrands, Inc.","title":"Hanesbrands, Inc.","isin":"US410345AQ54","value_usd":2113948,"pct_val":0.307216619364,"balance":2000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"CORP","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Barclays plc","title":"Barclays plc","isin":"US06738EDC66","value_usd":2112478,"pct_val":0.307002986659,"balance":2000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"CORP","inv_country":"GB","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Herc Holdings, Inc.","title":"Herc Holdings, Inc.","isin":"US42704LAF13","value_usd":2101064,"pct_val":0.305344208631,"balance":2000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"CORP","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Endo Finance Holdings, Inc.","title":"Endo Finance Holdings, Inc.","isin":"US29281RAA77","value_usd":2083052,"pct_val":0.302726554011,"balance":2000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"CORP","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Goldman Sachs Group, Inc. (The)","title":"Goldman Sachs Group, Inc. (The)","isin":"US38141GC282","value_usd":2076756,"pct_val":0.301811566587,"balance":2000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"CORP","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"EMRLD Borrower LP / Emerald Co-Issuer, Inc.","title":"EMRLD Borrower LP / Emerald Co-Issuer, Inc.","isin":"US29103CAA62","value_usd":2075206,"pct_val":0.301586307612,"balance":2000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"CORP","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Post Holdings, Inc.","title":"Post Holdings, Inc.","isin":"US737446AU86","value_usd":2067634,"pct_val":0.300485881186,"balance":2000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"CORP","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Weatherford International Ltd.","title":"Weatherford International Ltd.","isin":"US947075AW79","value_usd":2048266,"pct_val":0.297671161295,"balance":2000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"CORP","inv_country":"BM","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Celanese US Holdings LLC","title":"Celanese US Holdings LLC","isin":"US15089QAP90","value_usd":2041976,"pct_val":0.296757045841,"balance":2000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"CORP","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"OPAL US LLC","title":"OPAL US LLC, First Lien, CME Term Loan, B4","isin":"XAF7000QAC50","value_usd":2015630,"pct_val":0.292928224577,"balance":2000000,"units":"PA","currency":"USD","asset_cat":"LON","issuer_cat":"CORP","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Medline Borrower LP","title":"Medline Borrower LP","isin":"US62482BAA08","value_usd":1943020.8,"pct_val":0.282376047817,"balance":2000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"CORP","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Newell Brands, Inc.","title":"Newell Brands, Inc.","isin":"US651229BF23","value_usd":1926946.4,"pct_val":0.280039981449,"balance":2000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"CORP","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Rivian Holdings LLC / Rivian LLC / Rivian Automotive LLC","title":"Rivian Holdings LLC / Rivian LLC / Rivian Automotive LLC","isin":"US76954LAD10","value_usd":1918085,"pct_val":0.278752168621,"balance":2000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"CORP","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Toucan FinCo Ltd. / Toucan FinCo Can, Inc. / Toucan FinCo US LLC","title":"Toucan FinCo Ltd. / Toucan FinCo Can, Inc. / Toucan FinCo US LLC","isin":"US89157UAA51","value_usd":1890869,"pct_val":0.274796911674,"balance":2000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"CORP","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Franklin Institutional U.S. Government Money Market Fund","title":"Franklin Institutional U.S. Government Money Market Fund","isin":"US4577565009","value_usd":1889994.63,"pct_val":0.274669840906,"balance":1889994.63,"units":"NS","currency":"USD","asset_cat":"STIV","issuer_cat":"RF","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Teva Pharmaceutical Finance Netherlands III BV","title":"Teva Pharmaceutical Finance Netherlands III BV","isin":"US88167AAR23","value_usd":1727631,"pct_val":0.251073799038,"balance":1500000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"CORP","inv_country":"NL","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Ardagh Metal Packaging Finance USA LLC / Ardagh Metal Packaging Finance plc","title":"Ardagh Metal Packaging Finance USA LLC / Ardagh Metal Packaging Finance plc","isin":"US03969YAB48","value_usd":1653385.17,"pct_val":0.240283773505,"balance":1775000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"CORP","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Bombardier, Inc.","title":"Bombardier, Inc.","isin":"US097751CA78","value_usd":1621266,"pct_val":0.235615946849,"balance":1500000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"CORP","inv_country":"CA","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Qnity Electronics, Inc.","title":"Qnity Electronics, Inc.","isin":"US74743LAA89","value_usd":1541356.5,"pct_val":0.224002829381,"balance":1500000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"CORP","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"TransDigm, Inc.","title":"TransDigm, Inc.","isin":"US893647BR70","value_usd":1532542.5,"pct_val":0.222721905118,"balance":1500000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"CORP","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"FHLMC Pool","title":"FHLMC Pool, 30 Year","isin":"US3132DWG800","value_usd":1509647.5,"pct_val":0.219394612063,"balance":1505006.093,"units":"PA","currency":"USD","asset_cat":"ABS-MBS","issuer_cat":"USGSE","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"FNMA","title":"FNMA, 30 Year","isin":"US31418ER771","value_usd":1495205.05,"pct_val":0.21729571433,"balance":1490991.166,"units":"PA","currency":"USD","asset_cat":"ABS-MBS","issuer_cat":"USGSE","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Shea Homes LP / Shea Homes Funding Corp.","title":"Shea Homes LP / Shea Homes Funding Corp.","isin":"US82088KAJ79","value_usd":1478898.75,"pct_val":0.214925946313,"balance":1500000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"CORP","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Genmab A/S / Genmab Finance LLC","title":"Genmab A/S / Genmab Finance LLC","isin":"US37230JAB89","value_usd":1309940,"pct_val":0.190371446398,"balance":1250000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"CORP","inv_country":"DK","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Qnity Electronics, Inc.","title":"Qnity Electronics, Inc.","isin":"US74743LAB62","value_usd":1037582,"pct_val":0.15079010191,"balance":1000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"CORP","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Celanese US Holdings LLC","title":"Celanese US Holdings LLC","isin":"US15089QAX25","value_usd":1037344,"pct_val":0.150755513758,"balance":1000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"CORP","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Kedrion SpA","title":"Kedrion SpA","isin":"US49272YAB92","value_usd":976229.83,"pct_val":0.141873890982,"balance":1000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"CORP","inv_country":"IT","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Hilcorp Energy I LP / Hilcorp Finance Co.","title":"Hilcorp Energy I LP / Hilcorp Finance Co.","isin":"US431318AY04","value_usd":967914.88,"pct_val":0.140665492843,"balance":1000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"CORP","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Fortescue Treasury Pty. Ltd.","title":"Fortescue Treasury Pty. Ltd.","isin":"US30251GBC06","value_usd":772416.61,"pct_val":0.112254047717,"balance":800000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"CORP","inv_country":"AU","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"NCL Corp. Ltd.","title":"NCL Corp. Ltd.","isin":"US62886HBR12","value_usd":761681.25,"pct_val":0.110693895336,"balance":750000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"CORP","inv_country":"BM","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"FHLMC Pool","title":"FHLMC Pool, 30 Year","isin":"US3132DWJR51","value_usd":752840.88,"pct_val":0.109409138764,"balance":740782.228,"units":"PA","currency":"USD","asset_cat":"ABS-MBS","issuer_cat":"USGSE","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Alcoa Nederland Holding BV","title":"Alcoa Nederland Holding BV","isin":"US013822AG68","value_usd":735077.78,"pct_val":0.106827656376,"balance":750000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"CORP","inv_country":"NL","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Camelot Return Merger Sub, Inc.","title":"Camelot Return Merger Sub, Inc.","isin":"US13323NAA00","value_usd":669648.08,"pct_val":0.097318864655,"balance":800000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"CORP","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Mineral Resources Ltd.","title":"Mineral Resources Ltd.","isin":"US603051AD53","value_usd":572052.78,"pct_val":0.083135498682,"balance":550000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"CORP","inv_country":"AU","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"MPH Acquisition Holdings LLC","title":"MPH Acquisition Holdings LLC, First Lien, Exchange First Out CME Term Loan","isin":"US55328HAP64","value_usd":535606.97,"pct_val":0.077838888483,"balance":534713.995,"units":"PA","currency":"USD","asset_cat":"LON","issuer_cat":"CORP","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"DaVita, Inc.","title":"DaVita, Inc.","isin":"US23918KAY47","value_usd":519980,"pct_val":0.075567846388,"balance":500000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"CORP","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Post Holdings, Inc.","title":"Post Holdings, Inc.","isin":"US737446AP91","value_usd":500624.09,"pct_val":0.072754883517,"balance":500000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"CORP","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"American Airlines, Inc. / AAdvantage Loyalty IP Ltd.","title":"American Airlines, Inc. / AAdvantage Loyalty IP Ltd.","isin":"US00253XAA90","value_usd":417917.42,"pct_val":0.060735257889,"balance":416666.171,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"CORP","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Calumet Specialty Products Partners LP / Calumet Finance Corp.","title":"Calumet Specialty Products Partners LP / Calumet Finance Corp.","isin":"US131477AY72","value_usd":312817.59,"pct_val":0.045461270796,"balance":310000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"CORP","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Barclays plc","title":"Barclays plc","isin":"US06738ECH62","value_usd":224872.82,"pct_val":0.032680400628,"balance":200000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"CORP","inv_country":"GB","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Micron Technology, Inc.","title":"Micron Technology, Inc.","isin":"US595112BZ51","value_usd":213110.1,"pct_val":0.030970943691,"balance":200000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"CORP","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Ashtead Capital, Inc.","title":"Ashtead Capital, Inc.","isin":"US045054AR41","value_usd":212566.3,"pct_val":0.030891914123,"balance":200000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"CORP","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"AerCap Ireland Capital DAC / AerCap Global Aviation Trust","title":"AerCap Ireland Capital DAC / AerCap Global Aviation Trust","isin":"US00774MBH79","value_usd":206072.9,"pct_val":0.029948238878,"balance":200000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"CORP","inv_country":"IE","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Stagwell Global LLC","title":"Stagwell Global LLC","isin":"US59565JAA97","value_usd":194518.02,"pct_val":0.02826898699,"balance":200000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"CORP","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Morgan Stanley","title":"Morgan Stanley","isin":"US61747YFJ91","value_usd":112848.25,"pct_val":0.01640005235,"balance":100000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"CORP","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Wells Fargo & Co.","title":"Wells Fargo & Co.","isin":"US95000U3H45","value_usd":111859.94,"pct_val":0.016256422868,"balance":100000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"CORP","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Williams Cos., Inc. (The)","title":"Williams Cos., Inc. (The)","isin":"US969457CJ76","value_usd":105823.7,"pct_val":0.015379185941,"balance":100000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"CORP","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Netflix, Inc.","title":"Netflix, Inc.","isin":"US64110LAU08","value_usd":104840.45,"pct_val":0.01523629182,"balance":100000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"CORP","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Cheniere Corpus Christi Holdings LLC","title":"Cheniere Corpus Christi Holdings LLC","isin":"US16412XAJ46","value_usd":97801.64,"pct_val":0.014213353029,"balance":100000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"CORP","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"HP, Inc.","title":"HP, Inc.","isin":"US40434LAN55","value_usd":82983.31,"pct_val":0.012059829268,"balance":80000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"CORP","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Lowe's Cos., Inc.","title":"Lowe's Cos., Inc.","isin":"US548661EL74","value_usd":61662.58,"pct_val":0.008961322307,"balance":60000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"CORP","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Occidental Petroleum Corp.","title":"Occidental Petroleum Corp.","isin":"US674599EA94","value_usd":57942.1,"pct_val":0.008420631009,"balance":50000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"CORP","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"ArcelorMittal SA","title":"ArcelorMittal SA","isin":"US03938LBF04","value_usd":55908.67,"pct_val":0.008125115939,"balance":50000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"CORP","inv_country":"LU","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Vistra Operations Co. LLC","title":"Vistra Operations Co. LLC","isin":"US92840VAQ59","value_usd":55835.65,"pct_val":0.008114504062,"balance":50000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"CORP","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"NRG Energy, Inc.","title":"NRG Energy, Inc.","isin":"US629377CT71","value_usd":55509.4,"pct_val":0.008067090681,"balance":50000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"CORP","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"BAT Capital Corp.","title":"BAT Capital Corp.","isin":"US054989AB41","value_usd":55490.24,"pct_val":0.008064306189,"balance":50000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"CORP","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Energy Transfer LP","title":"Energy Transfer LP","isin":"US29273VAU44","value_usd":55172.72,"pct_val":0.008018161525,"balance":50000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"CORP","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Pacific Gas and Electric Co.","title":"Pacific Gas and Electric Co.","isin":"US694308KM84","value_usd":54287.58,"pct_val":0.00788952557,"balance":50000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"CORP","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Morgan Stanley","title":"Morgan Stanley","isin":"US61747YFB65","value_usd":52863.15,"pct_val":0.007682515479,"balance":50000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"CORP","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Fifth Third Bancorp","title":"Fifth Third Bancorp","isin":"US316773DK32","value_usd":52692.25,"pct_val":0.00765767886,"balance":50000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"CORP","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Macquarie Airfinance Holdings Ltd.","title":"Macquarie Airfinance Holdings Ltd.","isin":"US55609NAC20","value_usd":52595.92,"pct_val":0.007643679378,"balance":50000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"CORP","inv_country":"GB","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"JBS USA Holding Lux SARL / JBS USA Food Co. / JBS Lux Co. SARL","title":"JBS USA Holding Lux SARL / JBS USA Food Co. / JBS Lux Co. SARL","isin":"US46590XAY22","value_usd":52431,"pct_val":0.007619711823,"balance":50000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"CORP","inv_country":"LU","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Charles Schwab Corp. (The)","title":"Charles Schwab Corp. (The)","isin":"US808513CD58","value_usd":51942.23,"pct_val":0.007548679675,"balance":50000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"CORP","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Regal Rexnord Corp.","title":"Regal Rexnord Corp.","isin":"US758750AM58","value_usd":51761.83,"pct_val":0.007522462437,"balance":50000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"CORP","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Bank of America Corp.","title":"Bank of America Corp.","isin":"US06051GMB22","value_usd":51550.43,"pct_val":0.007491740019,"balance":50000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"CORP","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"United Rentals North America, Inc.","title":"United Rentals North America, Inc.","isin":"US911365BQ63","value_usd":51341.05,"pct_val":0.007461311165,"balance":50000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"CORP","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Delta Air Lines, Inc. / SkyMiles IP Ltd.","title":"Delta Air Lines, Inc. / SkyMiles IP Ltd.","isin":"US830867AB33","value_usd":50315.16,"pct_val":0.007312220242,"balance":50000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"CORP","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Hewlett Packard Enterprise Co.","title":"Hewlett Packard Enterprise Co.","isin":"US42824CBV00","value_usd":49771.94,"pct_val":0.007233274965,"balance":50000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"CORP","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"VICI Properties LP / VICI Note Co., Inc.","title":"VICI Properties LP / VICI Note Co., Inc.","isin":"US92564RAB15","value_usd":49743.92,"pct_val":0.007229202864,"balance":50000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"CORP","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"PG&E Corp.","title":"PG&E Corp.","isin":"US69331CAH16","value_usd":49666.65,"pct_val":0.00721797334,"balance":50000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"CORP","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"American Tower Corp.","title":"American Tower Corp.","isin":"US03027XBW92","value_usd":48739.84,"pct_val":0.007083281553,"balance":50000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"CORP","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Par Health, Inc.","title":"Par Health, Inc.","isin":null,"value_usd":13156,"pct_val":0.001911940049,"balance":1196,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"3","payoff_profile":"Long"},{"issuer_name":"Endo, Inc.","title":"Endo, Inc., Escrow Account","isin":null,"value_usd":0,"pct_val":0,"balance":300000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"CORP","inv_country":"US","fair_val_level":"3","payoff_profile":"Long"}],"source_documents":[{"label":"SEC NPORT-P Filings","url":"https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=872625&type=NPORT&dateb=&owner=exclude&count=40"}],"dataset":{"json":"https://dealcharts.org/llm/facts/fund/franklin-templeton-smacs-series-i.json","page":"https://dealcharts.org/capitalmarkets/funds/franklin-templeton-smacs-series-i/"},"provenance":{"curator":"CMD+RVL","curator_url":"https://cmdrvl.com","platform":"Dealcharts","platform_url":"https://dealcharts.org/","source":"SEC NPORT-P Public Filings","license":"CC-BY 4.0","license_url":"https://creativecommons.org/licenses/by/4.0/","attribution":"Data curated by CMD+RVL from SEC NPORT-P public filings"},"citation":"Fund: Franklin Templeton SMACS Series I | LEI: 5493003KSFL8D4N0NQ52 | 172 positions totaling $680,431,410 across ABS-MBS, STIV, LON, DBT, EC | Filing: Mon Jan 26 2026 19:00:00 GMT-0500 (Eastern Standard Time) | Source: SEC NPORT-P via Dealcharts.org","updated_at":"2026-01-27"}
