# EDGAR Filing Document

**Accession Number:** 0001752019
**File Stem:** 0001410368-26-054499
**Filing Date:** 2026-5
**Character Count:** 368902
**Document Hash:** 65df40ae2f21f86523eb69c4d77bc699
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-26-054499.hdr.sgml**: 20260528

**ACCESSION NUMBER**: 0001410368-26-054499

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260528

**DATE AS OF CHANGE**: 20260528

**PERIOD START**: 20261231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BlackRock HPS Credit Strategies Fund
- **CENTRAL INDEX KEY:** 0001752019

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23380
- **FILM NUMBER:** 261030905

**BUSINESS ADDRESS:**
- **STREET 1:** 100 BELLEVUE PARKWAY
- **CITY:** WILMINGTON
- **STATE:** DE
- **ZIP:** 19809
- **BUSINESS PHONE:** (206) 613-6700

**MAIL ADDRESS:**
- **STREET 1:** 100 BELLEVUE PARKWAY
- **CITY:** WILMINGTON
- **STATE:** DE
- **ZIP:** 19809

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** BlackRock Credit Strategies Fund
- **DATE OF NAME CHANGE:** 20180918

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** BlackRock Credit Opportunities Fund
- **DATE OF NAME CHANGE:** 20180905

## Nport-Ex

March 31, 2026

2026 Quarterly Report <br>&nbsp;&nbsp;&nbsp;&nbsp;(Unaudited)<br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**BlackRock HPS Credit Strategies Fund**<br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**Not FDIC Insured • May Lose Value • No Bank Guarantee**<br>

------

Consolidated Schedule of Investments (unaudited)

March 31, 2026

**BlackRock HPS Credit Strategies Fund**

**(Percentages shown are based on Net Assets)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par* <br>*(000)*<br>| *Value* |
| **Asset-Backed Securities** | **Asset-Backed Securities** | **Asset-Backed Securities** | **Asset-Backed Securities** |
| &nbsp;&nbsp;&nbsp; 720 East CLO Ltd., Series 2022-1A, Class CR, (3-mo. <br> CME Term SOFR + 1.90%), 5.57%, 01/20/38<sup>(a)(b)</sup><br>| USD | 1000 | &nbsp;&nbsp; $1001240 |
| &nbsp;&nbsp;&nbsp; Abry Liquid Credit CLO Ltd., Series 2025-2A, Class C, <br> (3-mo. CME Term SOFR + 2.10%), 5.78%, <br> 01/15/39<sup>(a)(b)</sup><br>|  | 750 | &nbsp;&nbsp; 752431 |
| &nbsp;&nbsp;&nbsp; AIMCO CLO Ltd., Series 2020-11A, Class CR2, (3-mo. <br> CME Term SOFR + 1.90%), 5.57%, 07/17/37<sup>(a)(b)</sup><br>|  | 1000 | &nbsp;&nbsp; 1001198 |
| &nbsp;&nbsp;&nbsp; AMMC CLO 27 Ltd., Series 2022-27A, Class ER, (3-mo. <br> CME Term SOFR + 5.15%), 8.82%, 01/20/37<sup>(a)(b)</sup><br>|  | 500 | &nbsp;&nbsp; 492219 |
| &nbsp;&nbsp;&nbsp; Anchorage Capital CLO Ltd., Series 2019-11A, <br> Class C1R2, (3-mo. CME Term SOFR + 2.40%), <br> 6.07%, 07/22/37<sup>(a)(b)</sup><br>|  | 1000 | &nbsp;&nbsp; 1000891 |
| &nbsp;&nbsp;&nbsp; Atlantic Avenue Ltd., Series 2023-1A, Class CR, (3-mo. <br> CME Term SOFR + 2.20%), 5.87%, 01/15/39<sup>(a)(b)</sup><br>|  | 1000 | &nbsp;&nbsp; 1004063 |
| &nbsp;&nbsp;&nbsp; Ballyrock CLO Ltd., Series 2024-22A, Class B, (3-mo. <br> CME Term SOFR + 2.35%), 6.02%, 04/15/37<sup>(a)(b)</sup><br>|  | 1500 | &nbsp;&nbsp; 1502807 |
| &nbsp;&nbsp;&nbsp; Barings CLO Ltd., Series 2022-1A, Class ER, (3-mo. CME <br> Term SOFR + 6.25%), 9.99%, 01/15/39<sup>(a)(b)</sup><br>|  | 500 | &nbsp;&nbsp; 484971 |
| Bridge Street CLO II Ltd.<sup>(a)(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-1A, Class CR, (3-mo. CME Term SOFR + <br> 2.00%), 5.65%, 01/20/39<br>|  | 1000 | &nbsp;&nbsp; 1003329 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-1A, Class D1AR, (3-mo. CME Term SOFR <br> + 3.40%), 7.05%, 01/20/39<br>|  | 1000 | &nbsp;&nbsp; 992290 |
| &nbsp;&nbsp;&nbsp; Bryant Park Funding Ltd., Series 2024-22A, Class C, (3-<br> mo. CME Term SOFR + 2.60%), 6.27%, 04/15/37<sup>(a)(b)</sup><br>|  | 1500 | &nbsp;&nbsp; 1501531 |
| &nbsp;&nbsp;&nbsp; CarVal CLO VC Ltd., Series 2021-2A, Class C, (3-mo. <br> CME Term SOFR + 2.46%), 6.13%, 10/15/34<sup>(a)(b)</sup><br>|  | 1000 | &nbsp;&nbsp; 1001109 |
| &nbsp;&nbsp;&nbsp; Dryden CLO Ltd., Series 2019-72A, Class DR, (3-mo. <br> CME Term SOFR + 3.26%), 6.91%, 05/15/32<sup>(a)(b)</sup><br>|  | 1000 | &nbsp;&nbsp; 975790 |
| Elevation CLO Ltd.<sup>(a)(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2022-16A, Class D1, (3-mo. CME Term SOFR + <br> 4.88%), 8.55%, 07/25/34<br>|  | 2500 | &nbsp;&nbsp; 2492861 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2022-16A, Class D2, (3-mo. CME Term SOFR + <br> 6.01%), 9.68%, 07/25/34<br>|  | 2500 | &nbsp;&nbsp; 2483012 |
| &nbsp;&nbsp;&nbsp; Elmwood CLO 26 Ltd., Series 2026-1A, Class C, (3-mo. <br> CME Term SOFR + 2.40%), 6.07%, 04/18/37<sup>(a)(b)</sup><br>|  | 1000 | &nbsp;&nbsp; 1000000 |
| &nbsp;&nbsp;&nbsp; Elmwood CLO 37 Ltd., Series 2024-13A, Class D1, (3-mo. <br> CME Term SOFR + 2.60%), 6.27%, 01/17/38<sup>(a)(b)</sup><br>|  | 1000 | &nbsp;&nbsp; 1000148 |
| &nbsp;&nbsp;&nbsp; Galaxy XXIV CLO Ltd., Series 2024-R, Class CR, (3-mo. <br> CME Term SOFR + 2.45%), 6.12%, 04/15/37<sup>(a)(b)</sup><br>|  | 1106 | &nbsp;&nbsp; 1106000 |
| &nbsp;&nbsp;&nbsp; Greywolf CLO V Ltd., Series 2015-1A, Class CR, (3-mo. <br> CME Term SOFR + 3.26%), 6.93%, 01/27/31<sup>(a)(b)</sup><br>|  | 238 | &nbsp;&nbsp; 237777 |
| &nbsp;&nbsp;&nbsp; Halsey Point CLO I Ltd., Series 2019-1A, Class ER, (3-<br> mo. CME Term SOFR + 8.50%), 12.17%, 10/20/37<sup>(a)(b)</sup><br>|  | 500 | &nbsp;&nbsp; 485773 |
| &nbsp;&nbsp;&nbsp; HalseyPoint CLO Ltd., Series 2021-4A, Class C, (3-mo. <br> CME Term SOFR + 2.41%), 6.08%, 04/20/34<sup>(a)(b)</sup><br>|  | 750 | &nbsp;&nbsp; 750842 |
| Harvest US CLO Ltd.<sup>(a)(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-1A, Class D, (3-mo. CME Term SOFR + <br> 4.50%), 8.17%, 04/18/37<br>|  | 1500 | &nbsp;&nbsp; 1495142 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2026-1A, Class D1, (3-mo. CME Term SOFR + <br> 3.00%), 6.73%, 04/20/39<br>|  | 500 | &nbsp;&nbsp; 495345 |
| &nbsp;&nbsp;&nbsp; ICG US CLO 2014-1 Ltd., Series 2014-1A, Class CR3, <br> (3-mo. CME Term SOFR + 3.75%), 7.42%, <br> 10/20/34<sup>(a)(b)</sup><br>|  | 1000 | &nbsp;&nbsp; 996615 |
| &nbsp;&nbsp;&nbsp; Madison Park Funding XXXIII Ltd., Series 2019-33A, <br> Class CR, (3-mo. CME Term SOFR + 2.20%), 5.87%, <br> 10/15/32<sup>(a)(b)</sup><br>|  | 2000 | &nbsp;&nbsp; 2007509 |
| &nbsp;&nbsp;&nbsp; Marble Point CLO XV Ltd., Series 2019-1A, Class E, (3-<br> mo. CME Term SOFR + 7.09%), 10.76%, 07/23/32<sup>(a)(b)</sup><br>|  | 500 | &nbsp;&nbsp; 470739 |

---

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Asset-Backed Securities (continued)** | **Asset-Backed Securities (continued)** | **Asset-Backed Securities (continued)** | **Asset-Backed Securities (continued)** |
| &nbsp;&nbsp;&nbsp; Mountain View CLO XVI Ltd., Series 2022-1A, <br> Class D1RR, (3-mo. CME Term SOFR + 3.69%), <br> 7.36%, 03/15/38<sup>(a)(b)</sup><br>| USD | 500 | &nbsp;&nbsp; $492255 |
| &nbsp;&nbsp;&nbsp; Neuberger Berman Loan Advisers CLO Ltd., Series 2022-<br> 49A, Class CR2, (3-mo. CME Term SOFR + 1.75%), <br> 5.42%, 12/25/37<sup>(a)(b)</sup><br>|  | 1000 | &nbsp;&nbsp; 999669 |
| &nbsp;&nbsp;&nbsp; Northwoods Capital XV Ltd., Series 2017-15A, Class ER3, <br> (3-mo. CME Term SOFR + 7.25%), 10.99%, <br> 03/20/38<sup>(a)(b)</sup><br>|  | 250 | &nbsp;&nbsp; 229456 |
| &nbsp;&nbsp;&nbsp; OHA Credit Funding Ltd., Series 2019-2A, Class D1R2, <br> (3-mo. CME Term SOFR + 2.70%), 6.37%, <br> 01/21/38<sup>(a)(b)</sup><br>|  | 1000 | &nbsp;&nbsp; 985673 |
| &nbsp;&nbsp;&nbsp; OHA Credit Partners XV Ltd., Series 2017-15R, <br> Class D1R, (3-mo. CME Term SOFR + 3.45%), 7.12%, <br> 04/20/37<sup>(a)(b)</sup><br>|  | 1500 | &nbsp;&nbsp; 1504527 |
| &nbsp;&nbsp;&nbsp; OHA Loan Funding Ltd., Series 2013-1A, Class D1R3, <br> (3-mo. CME Term SOFR + 3.30%), 6.97%, <br> 04/23/37<sup>(a)(b)</sup><br>|  | 750 | &nbsp;&nbsp; 751579 |
| &nbsp;&nbsp;&nbsp; Palmer Square CLO Ltd., Series 2021-4A, Class CR, (3-<br> mo. CME Term SOFR + 1.85%), 5.52%, 07/15/38<sup>(a)(b)</sup><br>|  | 1000 | &nbsp;&nbsp; 1000643 |
| &nbsp;&nbsp;&nbsp; Pikes Peak CLO 7, Series 2021-7A, Class DR2, (3-mo. <br> CME Term SOFR + 4.50%), 8.18%, 02/25/37<sup>(a)(b)</sup><br>|  | 1000 | &nbsp;&nbsp; 986505 |
| &nbsp;&nbsp;&nbsp; Silver Point CLO Ltd., Series 2024-5A, Class C, (3-mo. <br> CME Term SOFR + 2.10%), 5.77%, 10/20/37<sup>(a)(b)</sup><br>|  | 1250 | &nbsp;&nbsp; 1253870 |
| &nbsp;&nbsp;&nbsp; Sixth Street CLO XIX Ltd., Series 2021-19A, Class D1R, <br> (3-mo. CME Term SOFR + 2.80%), 6.47%, <br> 07/17/38<sup>(a)(b)</sup><br>|  | 1000 | &nbsp;&nbsp; 987313 |
| &nbsp;&nbsp;&nbsp; Sound Point CLO XXVIII Ltd., Series 2020-3A, Class C, <br> (3-mo. CME Term SOFR + 2.51%), 6.18%, <br> 01/25/32<sup>(a)(b)</sup><br>|  | 870 | &nbsp;&nbsp; 873142 |
| &nbsp;&nbsp;&nbsp; Symphony CLO XXII Ltd., Series 2020-22A, Class CR, <br> (3-mo. CME Term SOFR + 2.10%), 5.77%, <br> 04/18/33<sup>(a)(b)</sup><br>|  | 1500 | &nbsp;&nbsp; 1504980 |
| Tikehau US CLO IV Ltd.<sup>(a)(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2023-1A, Class DR, (3-mo. CME Term SOFR + <br> 4.20%), 7.87%, 03/15/38<br>|  | 2000 | &nbsp;&nbsp; 1982200 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2023-1A, Class ER, (3-mo. CME Term SOFR + <br> 7.89%), 11.56%, 03/15/38<br>|  | 250 | &nbsp;&nbsp; 244338 |
| &nbsp;&nbsp;&nbsp; Trinitas CLO XXIX Ltd., Series 2024-29A, Class E, (3-mo. <br> CME Term SOFR + 6.50%), 10.17%, 07/23/37<sup>(a)(b)</sup><br>|  | 1500 | &nbsp;&nbsp; 1495351 |
| &nbsp;&nbsp;&nbsp; Voya CLO Ltd., Series 2022-3A, Class DR2, (3-mo. CME <br> Term SOFR + 2.60%), 6.27%, 10/20/36<sup>(a)(b)</sup><br>|  | 350 | &nbsp;&nbsp; 345404 |
| &nbsp;&nbsp;&nbsp; Whitebox CLO II Ltd., Series 2020-2A, Class CR2, (3-mo. <br> CME Term SOFR + 1.95%), 5.62%, 10/24/37<sup>(a)(b)</sup><br>|  | 640 | &nbsp;&nbsp; 641184 |
| **Total Asset-Backed Securities — 8.3%** <br>**(Cost: $44,169,320)** | **Total Asset-Backed Securities — 8.3%** <br>**(Cost: $44,169,320)** | **Total Asset-Backed Securities — 8.3%** <br>**(Cost: $44,169,320)** | &nbsp;&nbsp; 44013721 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | <br>*Shares*<br>|  |
| **Common Stocks** | **Common Stocks** | **Common Stocks** |
| **Beverages — 0.0%** | **Beverages — 0.0%** |  |
| Juice Plus & Co. LLC<sup>(c)(d)(e)</sup> | 5780 | &nbsp;&nbsp; — |
| **Broadline Retail — 0.0%** | **Broadline Retail — 0.0%** |  |
| Thrasio LLC, (Acquired 06/18/24, Cost: $1,907,522)<sup>(d)(e)(f)</sup> | 20031 | &nbsp;&nbsp; — |
| **Capital Markets — 0.0%** | **Capital Markets — 0.0%** |  |
| New Kleo Holdco<sup>(d)(e)</sup> | 15192 | &nbsp;&nbsp; 22828 |

---

------

Consolidated Schedule of Investments (unaudited)(continued)

March 31, 2026

**BlackRock HPS Credit Strategies Fund**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | <br> *Shares*<br>| *Value* |
| **Construction & Engineering — 0.0%** | **Construction & Engineering — 0.0%** |  |
| Mcdermott International Ltd.<sup>(e)</sup> | 17 | &nbsp;&nbsp; $442 |
| **Construction Materials — 0.0%** | **Construction Materials — 0.0%** |  |
| &nbsp;&nbsp;&nbsp; Kellermeyer Bergensons Services LLC, Preference <br> Shares<sup>(d)(e)</sup><br>| 45118 | &nbsp;&nbsp; — |
| **Consumer Discretionary — 0.0%** | **Consumer Discretionary — 0.0%** |  |
| Virgil Holdings, Inc.<sup>(d)(e)</sup> | 79434 | &nbsp;&nbsp; 1 |
| **Diversified Consumer Services — 0.0%** | **Diversified Consumer Services — 0.0%** |  |
| Pluralsight LLC, (Acquired 08/22/24, Cost: $77,568)<sup>(d)(e)(f)</sup> | 208956 | &nbsp;&nbsp; 2 |
| **Environmental, Maintenance & Security Service — 0.1%** | **Environmental, Maintenance & Security Service — 0.1%** |  |
| VCI Intermediate Topco 2 LLC<sup>(c)(d)(e)</sup> | 91734 | &nbsp;&nbsp; 91734 |
| **Financial Services — 0.0%** | **Financial Services — 0.0%** |  |
| Creditex LLC, Class 1<sup>(d)(e)</sup> | 5923 | &nbsp;&nbsp; — |
| **Ground Transportation — 0.0%** | **Ground Transportation — 0.0%** |  |
| Sirva BGRS Holdings, Inc.<sup>(e)</sup> | 34 | &nbsp;&nbsp; 22 |
| **Health Care Providers & Services — 0.0%** | **Health Care Providers & Services — 0.0%** |  |
| Quorum Restructuring Equity<sup>(d)(e)</sup> | 43661 | &nbsp;&nbsp; 21831 |
| **Industrial Conglomerates — 0.0%** | **Industrial Conglomerates — 0.0%** |  |
| SVP Singer<sup>(e)</sup> | 1930 | &nbsp;&nbsp; 8685 |
| **IT Services**<sup>(d)(e)</sup> **— 0.0%** | **IT Services**<sup>(d)(e)</sup> **— 0.0%** |  |
| Suited Connector LLC | 3062209 | &nbsp;&nbsp; — |
| Travelport LLC | 10 | &nbsp;&nbsp; 10297 |
|  |  | &nbsp;&nbsp; 10297 |
| **Machinery — 0.0%** | **Machinery — 0.0%** |  |
| United Site Services, Inc.<sup>(d)(e)</sup> | 1875 | &nbsp;&nbsp; 13594 |
| **Real Estate Management & Development — 0.0%** | **Real Estate Management & Development — 0.0%** |  |
| ADLER Group SA, VTG Shares<sup>(d)(e)</sup> | 16485 | &nbsp;&nbsp; — |
| **Specialty Retail — 0.0%** | **Specialty Retail — 0.0%** |  |
| Razor Group & Infinite Commerce<sup>(d)(e)</sup> | 23794 | &nbsp;&nbsp; — |
| **Trading Companies & Distributors — 0.0%** | **Trading Companies & Distributors — 0.0%** |  |
| TMK Hawk Midco Corp.<sup>(d)(e)</sup> | 543 | &nbsp;&nbsp; 3801 |
| **Wireless Telecommunication Services — 0.0%** | **Wireless Telecommunication Services — 0.0%** |  |
| Altice France Lux 3<sup>(e)</sup> | 3057 | &nbsp;&nbsp; 50881 |
| **Total Common Stocks — 0.1%** <br>**(Cost: $2,310,283)** | **Total Common Stocks — 0.1%** <br>**(Cost: $2,310,283)** | &nbsp;&nbsp; 224118 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | |
|:---|:---|:---|:---|
|  |  | *Par* <br>*(000)*<br>|  |
| **Corporate Bonds** | **Corporate Bonds** | **Corporate Bonds** | **Corporate Bonds** |
| **Advertising Agencies — 0.0%** | **Advertising Agencies — 0.0%** | **Advertising Agencies — 0.0%** | **Advertising Agencies — 0.0%** |
| Advantage Sales & Marketing, Inc., 9.00%, 11/15/30<sup>(b)</sup> | USD | 351 | &nbsp;&nbsp; 260566 |
| **Automobile Components**<sup>(b)</sup> **— 0.6%** | **Automobile Components**<sup>(b)</sup> **— 0.6%** | **Automobile Components**<sup>(b)</sup> **— 0.6%** | **Automobile Components**<sup>(b)</sup> **— 0.6%** |
| American Axle & Manufacturing, Inc., 7.75%, 10/15/33 |  | 1480 | &nbsp;&nbsp; 1440777 |
| Clarios Global LP/Clarios U.S. Finance Co. |  |  |  |
| &nbsp;&nbsp;&nbsp; 6.75%, 02/15/30 |  | 40 | &nbsp;&nbsp; 40900 |
| &nbsp;&nbsp;&nbsp; 6.75%, 09/15/32 |  | 52 | &nbsp;&nbsp; 52416 |
| Tenneco, Inc., 8.00%, 11/17/28 |  | 1448 | &nbsp;&nbsp; 1442850 |
|  |  |  | &nbsp;&nbsp; 2976943 |
| **Automobiles — 0.0%** | **Automobiles — 0.0%** | **Automobiles — 0.0%** | **Automobiles — 0.0%** |
| Aston Martin Capital Holdings Ltd., 10.38%, 03/31/29<sup>(g)</sup> | GBP | 226 | &nbsp;&nbsp; 229555 |

---

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Capital Markets — 0.3%** | **Capital Markets — 0.3%** | **Capital Markets — 0.3%** | **Capital Markets — 0.3%** |
| Osaic Holdings, Inc., 8.00%, 08/01/33<sup>(b)</sup> | USD | 1417 | &nbsp;&nbsp; $1398866 |
| **Chemicals — 0.1%** | **Chemicals — 0.1%** | **Chemicals — 0.1%** | **Chemicals — 0.1%** |
| &nbsp;&nbsp;&nbsp; Advancion Sciences, Inc., (9.25% Cash or 10.00% PIK), <br> 9.25%, 11/01/26<sup>(b)(h)</sup><br>|  | 29 | &nbsp;&nbsp; 23800 |
| INEOS Finance PLC<sup>(g)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 6.38%, 04/15/29 | EUR | 202 | &nbsp;&nbsp; 219815 |
| &nbsp;&nbsp;&nbsp; 7.25%, 03/31/31 |  | 164 | &nbsp;&nbsp; 172306 |
| INEOS Quattro Finance 2 PLC, 8.50%, 03/15/29<sup>(g)</sup> |  | 104 | &nbsp;&nbsp; 99311 |
| Lune Holdings SARL, 5.63%, 11/15/28<sup>(g)</sup> |  | 102 | &nbsp;&nbsp; 2519 |
|  |  |  | &nbsp;&nbsp; 517751 |
| **Commercial Services & Supplies**<sup>(b)</sup> **— 0.1%** | **Commercial Services & Supplies**<sup>(b)</sup> **— 0.1%** | **Commercial Services & Supplies**<sup>(b)</sup> **— 0.1%** | **Commercial Services & Supplies**<sup>(b)</sup> **— 0.1%** |
| EquipmentShare.com, Inc., 8.00%, 03/15/33 | USD | 10 | &nbsp;&nbsp; 10325 |
| Garda World Security Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp; 7.75%, 02/15/28 |  | 69 | &nbsp;&nbsp; 70191 |
| &nbsp;&nbsp;&nbsp; 6.00%, 06/01/29 |  | 4 | &nbsp;&nbsp; 3807 |
| &nbsp;&nbsp;&nbsp; 8.25%, 08/01/32 |  | 62 | &nbsp;&nbsp; 61351 |
| &nbsp;&nbsp;&nbsp; 8.38%, 11/15/32 |  | 67 | &nbsp;&nbsp; 67045 |
| Herc Holdings, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.75%, 03/15/31 |  | 145 | &nbsp;&nbsp; 142806 |
| &nbsp;&nbsp;&nbsp; 6.00%, 03/15/34 |  | 145 | &nbsp;&nbsp; 140179 |
|  |  |  | &nbsp;&nbsp; 495704 |
| **Consumer Finance**<sup>(g)</sup> **— 0.0%** | **Consumer Finance**<sup>(g)</sup> **— 0.0%** | **Consumer Finance**<sup>(g)</sup> **— 0.0%** | **Consumer Finance**<sup>(g)</sup> **— 0.0%** |
| Worldline SA |  |  |  |
| &nbsp;&nbsp;&nbsp; 0.00%, 07/30/26<sup>(i)(j)</sup> | EUR | 12 | &nbsp;&nbsp; 14388 |
| &nbsp;&nbsp;&nbsp; 0.88%, 06/30/27 |  | 100 | &nbsp;&nbsp; 108330 |
|  |  |  | &nbsp;&nbsp; 122718 |
| **Consumer Staples Distribution & Retail — 0.0%** | **Consumer Staples Distribution & Retail — 0.0%** | **Consumer Staples Distribution & Retail — 0.0%** | **Consumer Staples Distribution & Retail — 0.0%** |
| Boots Group Finco LP, 5.38%, 08/31/32<sup>(g)</sup> |  | 100 | &nbsp;&nbsp; 114998 |
| **Containers & Packaging — 0.5%** | **Containers & Packaging — 0.5%** | **Containers & Packaging — 0.5%** | **Containers & Packaging — 0.5%** |
| Fiber Midco SpA, (10.75% PIK), 10.75%, 06/15/29<sup>(g)(h)</sup> |  | 117 | &nbsp;&nbsp; 97831 |
| LABL, Inc., 9.50%, 11/01/28<sup>(b)</sup> | USD | 91 | &nbsp;&nbsp; 43680 |
| Magnera Corp.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 4.75%, 11/15/29 |  | 1668 | &nbsp;&nbsp; 1505813 |
| &nbsp;&nbsp;&nbsp; 7.25%, 11/15/31 |  | 769 | &nbsp;&nbsp; 711786 |
| Mauser Packaging Solutions Holding Co.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 7.88%, 04/15/30 |  | 299 | &nbsp;&nbsp; 299000 |
| &nbsp;&nbsp;&nbsp; 9.25%, 04/15/30 |  | 20 | &nbsp;&nbsp; 18583 |
|  |  |  | &nbsp;&nbsp; 2676693 |
| **Diversified REITs**<sup>(b)</sup> **— 0.5%** | **Diversified REITs**<sup>(b)</sup> **— 0.5%** | **Diversified REITs**<sup>(b)</sup> **— 0.5%** | **Diversified REITs**<sup>(b)</sup> **— 0.5%** |
| Rithm Capital Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp; 8.00%, 04/01/29 |  | 1446 | &nbsp;&nbsp; 1420595 |
| &nbsp;&nbsp;&nbsp; 8.00%, 07/15/30 |  | 1447 | &nbsp;&nbsp; 1396616 |
|  |  |  | &nbsp;&nbsp; 2817211 |
| **Diversified Telecommunication Services — 0.5%** | **Diversified Telecommunication Services — 0.5%** | **Diversified Telecommunication Services — 0.5%** | **Diversified Telecommunication Services — 0.5%** |
| Altice Financing SA, 3.00%, 01/15/28<sup>(g)</sup> | EUR | 100 | &nbsp;&nbsp; 80595 |
| Fibercop SpA<sup>(g)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 4.75%, 06/30/30 |  | 128 | &nbsp;&nbsp; 146738 |
| &nbsp;&nbsp;&nbsp; 5.13%, 06/30/32 |  | 100 | &nbsp;&nbsp; 114430 |
| &nbsp;&nbsp;&nbsp; Uniti Group LP/Uniti Group Finance 2019, Inc./CSL <br> Capital LLC, Series Feb, 8.63%, 06/15/32<sup>(b)</sup><br>| USD | 1248 | &nbsp;&nbsp; 1271070 |
| Viasat, Inc., 6.50%, 07/15/28<sup>(b)</sup> |  | 1096 | &nbsp;&nbsp; 1082951 |
|  |  |  | &nbsp;&nbsp; 2695784 |
| **Electric Utilities — 0.0%** | **Electric Utilities — 0.0%** | **Electric Utilities — 0.0%** | **Electric Utilities — 0.0%** |
| &nbsp;&nbsp;&nbsp; Star Energy Geothermal Wayang Windu Ltd., 6.75%, <br> 04/24/33<sup>(g)</sup><br>|  | 127 | &nbsp;&nbsp; 127500 |

---

Consolidated Schedule of Investments

------

Consolidated Schedule of Investments (unaudited)(continued)

March 31, 2026

**BlackRock HPS Credit Strategies Fund**

**(Percentages shown are based on Net Assets)**

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Energy Equipment & Services**<sup>(b)</sup> **— 1.1%** | **Energy Equipment & Services**<sup>(b)</sup> **— 1.1%** | **Energy Equipment & Services**<sup>(b)</sup> **— 1.1%** | **Energy Equipment & Services**<sup>(b)</sup> **— 1.1%** |
| SESI LLC, 7.88%, 09/30/30 | USD | 4000 | &nbsp;&nbsp; $4078848 |
| Star Holding LLC, 8.75%, 08/01/31 |  | 1472 | &nbsp;&nbsp; 1493395 |
|  |  |  | &nbsp;&nbsp; 5572243 |
| **Entertainment**<sup>(b)</sup> **— 0.6%** | **Entertainment**<sup>(b)</sup> **— 0.6%** | **Entertainment**<sup>(b)</sup> **— 0.6%** | **Entertainment**<sup>(b)</sup> **— 0.6%** |
| &nbsp;&nbsp;&nbsp; Great Canadian Gaming Corp./Raptor LLC, 8.75%, <br> 11/15/29<br>|  | 28 | &nbsp;&nbsp; 27317 |
| &nbsp;&nbsp;&nbsp; Mohegan Tribal Gaming Authority/MS Digital <br> Entertainment Holdings LLC, 8.25%, 04/15/30<br>|  | 1413 | &nbsp;&nbsp; 1446531 |
| Voyager Parent LLC, 9.25%, 07/01/32 |  | 1380 | &nbsp;&nbsp; 1432735 |
|  |  |  | &nbsp;&nbsp; 2906583 |
| **Financial Services — 0.6%** | **Financial Services — 0.6%** | **Financial Services — 0.6%** | **Financial Services — 0.6%** |
| &nbsp;&nbsp;&nbsp; CrossCountry Intermediate HoldCo LLC, 6.75%, <br> 12/01/32<sup>(b)</sup><br>|  | 730 | &nbsp;&nbsp; 686894 |
| Freedom Mortgage Holdings LLC, 6.88%, 05/01/31<sup>(b)</sup> |  | 2700 | &nbsp;&nbsp; 2524252 |
| &nbsp;&nbsp;&nbsp; Titanium 2l Bondco SARL, (6.25% PIK), 6.25%, <br> 01/14/31<sup>(h)</sup><br>| EUR | 108 | &nbsp;&nbsp; 18084 |
|  |  |  | &nbsp;&nbsp; 3229230 |
| **Health Care Providers & Services — 0.4%** | **Health Care Providers & Services — 0.4%** | **Health Care Providers & Services — 0.4%** | **Health Care Providers & Services — 0.4%** |
| Fortrea Holdings, Inc., 7.50%, 07/01/30<sup>(b)</sup> | USD | 2067 | &nbsp;&nbsp; 1958896 |
| **Insurance — 0.9%** | **Insurance — 0.9%** | **Insurance — 0.9%** | **Insurance — 0.9%** |
| &nbsp;&nbsp;&nbsp; Amynta Agency Borrower, Inc. and Amynta Warranty <br> Borrower, Inc., 7.50%, 07/15/33<sup>(b)</sup><br>|  | 1410 | &nbsp;&nbsp; 1337156 |
| Ardonagh Finco Ltd., 6.88%, 02/15/31<sup>(g)</sup> | EUR | 266 | &nbsp;&nbsp; 305335 |
| &nbsp;&nbsp;&nbsp; Jones Deslauriers Insurance Management, Inc., 6.88%, <br> 10/01/33<sup>(b)</sup><br>| USD | 1451 | &nbsp;&nbsp; 1327403 |
| Panther Escrow Issuer LLC, 7.13%, 06/01/31<sup>(b)</sup> |  | 193 | &nbsp;&nbsp; 193648 |
| SBL Holdings, Inc., (5-year CMT + 5.62%), 6.50%<sup>(a)(b)(k)</sup> |  | 1725 | &nbsp;&nbsp; 1424680 |
|  |  |  | &nbsp;&nbsp; 4588222 |
| **Interactive Media & Services — 0.9%** | **Interactive Media & Services — 0.9%** | **Interactive Media & Services — 0.9%** | **Interactive Media & Services — 0.9%** |
| Beignet Investor LLC, 6.58%, 05/30/49<sup>(b)</sup> |  | 2142 | &nbsp;&nbsp; 2202311 |
| Telegram Group, Inc., 9.00%, 06/05/30<sup>(g)</sup> |  | 2500 | &nbsp;&nbsp; 2564510 |
|  |  |  | &nbsp;&nbsp; 4766821 |
| **IT Services**<sup>(b)</sup> **— 0.5%** | **IT Services**<sup>(b)</sup> **— 0.5%** | **IT Services**<sup>(b)</sup> **— 0.5%** | **IT Services**<sup>(b)</sup> **— 0.5%** |
| Amentum Holdings, Inc., 7.25%, 08/01/32 |  | 19 | &nbsp;&nbsp; 19661 |
| McAfee Corp., 7.38%, 02/15/30 |  | 1500 | &nbsp;&nbsp; 1239287 |
| Rocket Software, Inc., 9.00%, 11/28/28 |  | 1272 | &nbsp;&nbsp; 1270090 |
|  |  |  | &nbsp;&nbsp; 2529038 |
| **Media — 0.3%** | **Media — 0.3%** | **Media — 0.3%** | **Media — 0.3%** |
| CSC Holdings LLC, 11.25%, 05/15/28<sup>(b)</sup> |  | 200 | &nbsp;&nbsp; 163429 |
| Sinclair Television Group, Inc., 8.13%, 02/15/33<sup>(b)</sup> |  | 1407 | &nbsp;&nbsp; 1430307 |
| Sunrise FinCo I BV, 4.63%, 05/15/32<sup>(g)</sup> | EUR | 114 | &nbsp;&nbsp; 128748 |
| Tele Columbus AG, (10.00% PIK), 10.00%, 01/01/29<sup>(g)(h)</sup> |  | 151 | &nbsp;&nbsp; 105370 |
|  |  |  | &nbsp;&nbsp; 1827854 |
| **Oil, Gas & Consumable Fuels — 0.2%** | **Oil, Gas & Consumable Fuels — 0.2%** | **Oil, Gas & Consumable Fuels — 0.2%** | **Oil, Gas & Consumable Fuels — 0.2%** |
| &nbsp;&nbsp;&nbsp; Ascent Resources Utica Holdings LLC/ARU Finance <br> Corp.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 9.00%, 11/01/27 | USD | 2 | &nbsp;&nbsp; 2335 |
| &nbsp;&nbsp;&nbsp; 6.63%, 07/15/33 |  | 13 | &nbsp;&nbsp; 13223 |
| CD&R Firefly Bidco PLC, 8.63%, 04/30/29<sup>(g)</sup> | GBP | 337 | &nbsp;&nbsp; 453466 |
| CVR Energy, Inc., 7.50%, 02/15/31<sup>(b)</sup> | USD | 337 | &nbsp;&nbsp; 339517 |
| &nbsp;&nbsp;&nbsp; Wintershall Dea Finance 2 BV, (5-year EURIBOR ICE <br> Swap + 3.94%), 6.12%<sup>(a)(g)(k)</sup><br>| EUR | 200 | &nbsp;&nbsp; 233612 |
|  |  |  | &nbsp;&nbsp; 1042153 |
| **Pharmaceuticals**<sup>(g)</sup> **— 0.1%** | **Pharmaceuticals**<sup>(g)</sup> **— 0.1%** | **Pharmaceuticals**<sup>(g)</sup> **— 0.1%** | **Pharmaceuticals**<sup>(g)</sup> **— 0.1%** |
| Dolcetto Holdco SpA, 5.63%, 07/14/32 |  | 102 | &nbsp;&nbsp; 117106 |

---

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Pharmaceuticals (continued)** | **Pharmaceuticals (continued)** | **Pharmaceuticals (continued)** | **Pharmaceuticals (continued)** |
| Nidda Healthcare Holding GmbH |  |  |  |
| &nbsp;&nbsp;&nbsp; 7.00%, 02/21/30 | EUR | 277 | &nbsp;&nbsp; $325591 |
| &nbsp;&nbsp;&nbsp; (3-mo. EURIBOR + 3.25%), 5.23%, 10/15/32<sup>(a)</sup> |  | 213 | &nbsp;&nbsp; 244237 |
|  |  |  | &nbsp;&nbsp; 686934 |
| **Real Estate Management & Development — 0.1%** | **Real Estate Management & Development — 0.1%** | **Real Estate Management & Development — 0.1%** | **Real Estate Management & Development — 0.1%** |
| &nbsp;&nbsp;&nbsp; Adler Financing SARL, Series 1L, (8.25% PIK), 8.25%, <br> 12/31/28<sup>(h)</sup><br>|  | 355 | &nbsp;&nbsp; 453658 |
| CoreLogic, Inc., 4.50%, 05/01/28<sup>(b)</sup> | USD | 118 | &nbsp;&nbsp; 110776 |
| Fantasia Holdings Group Co. Ltd.<sup>(g)(l)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 11.75%, 04/17/22 |  | 710 | &nbsp;&nbsp; 7810 |
| &nbsp;&nbsp;&nbsp; 12.25%, 10/18/22 |  | 200 | &nbsp;&nbsp; 2200 |
| &nbsp;&nbsp;&nbsp; Vivion Investments SARL, (6.50% Cash and 1.75% PIK), <br> 8.25%, 08/31/28<sup>(g)(h)</sup><br>| EUR | 21 | &nbsp;&nbsp; 23751 |
|  |  |  | &nbsp;&nbsp; 598195 |
| **Software**<sup>(b)</sup> **— 0.5%** | **Software**<sup>(b)</sup> **— 0.5%** | **Software**<sup>(b)</sup> **— 0.5%** | **Software**<sup>(b)</sup> **— 0.5%** |
| AthenaHealth Group, Inc., 6.50%, 02/15/30 | USD | 268 | &nbsp;&nbsp; 251551 |
| Skillz, Inc., 10.25%, 12/15/26 |  | 2518 | &nbsp;&nbsp; 2266200 |
|  |  |  | &nbsp;&nbsp; 2517751 |
| **Specialty Retail — 2.4%** | **Specialty Retail — 2.4%** | **Specialty Retail — 2.4%** | **Specialty Retail — 2.4%** |
| Afflelou SAS, 6.00%, 07/25/29<sup>(g)</sup> | EUR | 244 | &nbsp;&nbsp; 286727 |
| Michaels Cos., Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 8.50%, 03/15/33 | USD | 5039 | &nbsp;&nbsp; 4903169 |
| &nbsp;&nbsp;&nbsp; 11.00%, 03/15/34 |  | 2310 | &nbsp;&nbsp; 2151078 |
| PetSmart LLC/PetSmart Finance Corp.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 7.50%, 09/15/32 |  | 2092 | &nbsp;&nbsp; 2102188 |
| &nbsp;&nbsp;&nbsp; 10.00%, 09/15/33 |  | 1828 | &nbsp;&nbsp; 1823802 |
| Staples, Inc., 10.75%, 09/01/29<sup>(b)</sup> |  | 1327 | &nbsp;&nbsp; 1227235 |
|  |  |  | &nbsp;&nbsp; 12494199 |
| **Textiles, Apparel & Luxury Goods — 0.0%** | **Textiles, Apparel & Luxury Goods — 0.0%** | **Textiles, Apparel & Luxury Goods — 0.0%** | **Textiles, Apparel & Luxury Goods — 0.0%** |
| European TopSoho SARL, 4.00%, 09/21/21<sup>(g)(i)(l)</sup> | EUR | 300 | &nbsp;&nbsp; 258220 |
| **Wireless Telecommunication Services — 0.1%** | **Wireless Telecommunication Services — 0.1%** | **Wireless Telecommunication Services — 0.1%** | **Wireless Telecommunication Services — 0.1%** |
| Altice France SA |  |  |  |
| &nbsp;&nbsp;&nbsp; 4.75%, 10/15/30<sup>(g)</sup> |  | 249 | &nbsp;&nbsp; 271858 |
| &nbsp;&nbsp;&nbsp; 6.50%, 04/15/32<sup>(b)</sup> | USD | 152 | &nbsp;&nbsp; 144434 |
| &nbsp;&nbsp;&nbsp; 5.63%, 07/15/32<sup>(g)</sup> | EUR | 29 | &nbsp;&nbsp; 32128 |
|  |  |  | &nbsp;&nbsp; 448420 |
| **Total Corporate Bonds — 11.3%** <br>**(Cost: $62,219,261)** | **Total Corporate Bonds — 11.3%** <br>**(Cost: $62,219,261)** | **Total Corporate Bonds — 11.3%** <br>**(Cost: $62,219,261)** | &nbsp;&nbsp; 59859048 |
| **Fixed Rate Loan Interests** | **Fixed Rate Loan Interests** | **Fixed Rate Loan Interests** | **Fixed Rate Loan Interests** |
| **Distributors — 0.0%** | **Distributors — 0.0%** | **Distributors — 0.0%** | **Distributors — 0.0%** |
| &nbsp;&nbsp;&nbsp; TMK Hawk Parent Corp., 2024 PIK Term Loan, 11.00%, <br> 12/15/31<sup>(d)(h)</sup><br>| USD | 2 | &nbsp;&nbsp; — |
| **Environmental, Maintenance & Security Service — 0.2%** | **Environmental, Maintenance & Security Service — 0.2%** | **Environmental, Maintenance & Security Service — 0.2%** | **Environmental, Maintenance & Security Service — 0.2%** |
| &nbsp;&nbsp;&nbsp; VCI Asset Holdings 2 LLC, Fixed Term Loan, 7.38%, <br> 02/18/31<sup>(c)</sup><br>|  | 917 | &nbsp;&nbsp; 936832 |
| **IT Services — 0.0%** | **IT Services — 0.0%** | **IT Services — 0.0%** | **IT Services — 0.0%** |
| &nbsp;&nbsp;&nbsp; Clover Holdings 2 LLC, Fixed Term Loan B, 7.75%, <br> 12/09/31<br>|  | 213 | &nbsp;&nbsp; 200851 |
| **Media — 0.5%** | **Media — 0.5%** | **Media — 0.5%** | **Media — 0.5%** |
| Terraboost Media, Term Loan, 10.00%, 08/21/26<sup>(d)</sup> |  | 2422 | &nbsp;&nbsp; 2388157 |

---

------

Consolidated Schedule of Investments (unaudited)(continued)

March 31, 2026

**BlackRock HPS Credit Strategies Fund**

**(Percentages shown are based on Net Assets)**

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Wireless Telecommunication Services — 0.1%** | **Wireless Telecommunication Services — 0.1%** | **Wireless Telecommunication Services — 0.1%** | **Wireless Telecommunication Services — 0.1%** |
| &nbsp;&nbsp;&nbsp; Ligado Networks LLC, 2025 Fixed Backstop Term Loan 1, <br> 17.50%, 05/04/28<sup>(d)</sup><br>| USD | 723 | &nbsp;&nbsp; $614215 |
| **Total Fixed Rate Loan Interests — 0.8%** <br>**(Cost: $4,243,564)** | **Total Fixed Rate Loan Interests — 0.8%** <br>**(Cost: $4,243,564)** | **Total Fixed Rate Loan Interests — 0.8%** <br>**(Cost: $4,243,564)** | &nbsp;&nbsp; 4140055 |
| **Floating Rate Loan Interests**<sup>(a)</sup> | **Floating Rate Loan Interests**<sup>(a)</sup> | **Floating Rate Loan Interests**<sup>(a)</sup> | **Floating Rate Loan Interests**<sup>(a)</sup> |
| **Advertising Agencies — 0.5%** | **Advertising Agencies — 0.5%** | **Advertising Agencies — 0.5%** | **Advertising Agencies — 0.5%** |
| &nbsp;&nbsp;&nbsp; Research Now Group LLC, 2024 First Lien First Out Term <br> Loan, (3-mo. CME Term SOFR at 1.00% Floor + <br> 5.00%), 8.91%, 07/15/28<br>|  | 2750 | &nbsp;&nbsp; 2682545 |
| **Aerospace — 0.3%** | **Aerospace — 0.3%** | **Aerospace — 0.3%** | **Aerospace — 0.3%** |
| &nbsp;&nbsp;&nbsp; OneSky Flight, LLC, 2026 Term Loan B, (1-mo. CME Term <br> SOFR at 0.00% Floor + 2.75%), 6.43%, 02/17/33<sup>(d)</sup><br>|  | 1375 | &nbsp;&nbsp; 1370075 |
| **Aerospace & Defense — 1.5%** | **Aerospace & Defense — 1.5%** | **Aerospace & Defense — 1.5%** | **Aerospace & Defense — 1.5%** |
| Aras Corp.<sup>(d)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Revolver, (3-mo. CME Term SOFR at 1.00% Floor + <br> 5.50%), 8.70%, 04/13/29<br>|  | 438 | &nbsp;&nbsp; 438041 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Term Loan, (3-mo. CME Term SOFR at 1.00% Floor + <br> 5.00%), 8.70%, 04/13/29<br>|  | 3556 | &nbsp;&nbsp; 3552668 |
| &nbsp;&nbsp;&nbsp; Cubic Corp., 2025 Second Out Term Loan C, 0.00%, <br> 05/25/29<br>|  | — <br><sup>(m)</sup><br>| &nbsp;&nbsp; 2 |
| &nbsp;&nbsp;&nbsp; Engineering Research and Consulting LLC, 2024 Term <br> Loan, (3-mo. CME Term SOFR at 0.00% Floor + <br> 5.00%), 8.70%, 08/29/31<br>|  | 4938 | &nbsp;&nbsp; 3851250 |
| Skydio, Inc.<sup>(d)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Delayed Draw Term Loan Tranche A, (1-mo. CME Term <br> SOFR at 2.50% Floor + 5.00%), 8.67%, 12/04/29<br>|  | 25 | &nbsp;&nbsp; 24975 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Term Loan, (1-mo. CME Term SOFR at 0.00% Floor + <br> 2.75% and 2.75% PIK), 9.17%, 12/04/29<sup>(h)</sup><br>|  | 52 | &nbsp;&nbsp; 51715 |
|  |  |  | &nbsp;&nbsp; 7918651 |
| **Automobile Components — 0.6%** | **Automobile Components — 0.6%** | **Automobile Components — 0.6%** | **Automobile Components — 0.6%** |
| &nbsp;&nbsp;&nbsp; Arrow Purchaser, Inc., Revolver, (3-mo. CME Term SOFR <br> + 6.75%), 10.71%, 04/15/26<sup>(d)</sup><br>|  | 51 | &nbsp;&nbsp; 51170 |
| &nbsp;&nbsp;&nbsp; Champions Financing, Inc., 2024 Term Loan B, (3-mo. <br> CME Term SOFR at 0.00% Floor + 4.75%), 8.42%, <br> 02/23/29<br>|  | 1569 | &nbsp;&nbsp; 1356925 |
| Clarios Global LP |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 USD Term Loan B, (1-mo. CME Term SOFR + <br> 2.50%), 6.17%, 05/06/30<br>|  | 163 | &nbsp;&nbsp; 161969 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 USD Term Loan B, (1-mo. CME Term SOFR at <br> 0.00% Floor + 2.75%), 6.42%, 01/28/32<br>|  | 78 | &nbsp;&nbsp; 78330 |
| &nbsp;&nbsp;&nbsp; Tenneco, Inc., 2022 Term Loan A, (3-mo. CME Term <br> SOFR at 0.50% Floor + 4.85%), 8.51%, 11/17/28<br>|  | 1490 | &nbsp;&nbsp; 1448182 |
|  |  |  | &nbsp;&nbsp; 3096576 |
| **Automobiles — 0.1%** | **Automobiles — 0.1%** | **Automobiles — 0.1%** | **Automobiles — 0.1%** |
| &nbsp;&nbsp;&nbsp; Arrow Purchaser, Inc., Term Loan, (3-mo. CME Term <br> SOFR at 1.00% Floor + 6.75%), 10.71%, 04/15/28<sup>(d)</sup><br>|  | 816 | &nbsp;&nbsp; 815788 |
| **Banks — 0.3%** | **Banks — 0.3%** | **Banks — 0.3%** | **Banks — 0.3%** |
| &nbsp;&nbsp;&nbsp; Chrysaor Bidco SARL, 2025 USD Term Loan B, (3-mo. <br> CME Term SOFR at 0.50% Floor + 3.25%), 6.90%, <br> 10/30/31<br>|  | 1348 | &nbsp;&nbsp; 1345121 |
| &nbsp;&nbsp;&nbsp; Security Services Acquisition Sub Corp., 2024 11th <br> Amendment Term Loan A, (1-mo. CME Term SOFR at <br> 1.00% Floor + 5.75%), 9.52%, 09/30/27<sup>(d)</sup><br>|  | 515 | &nbsp;&nbsp; 510864 |
|  |  |  | &nbsp;&nbsp; 1855985 |

---

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Beverages — 0.1%** | **Beverages — 0.1%** | **Beverages — 0.1%** | **Beverages — 0.1%** |
| &nbsp;&nbsp;&nbsp; JP Intermediate B LLC, 2025 Takeback Term Loan A, <br> 03/31/31<sup>(d)(l)</sup><br>| USD | 578 | &nbsp;&nbsp; $302256 |
| **Biotechnology — 0.7%** | **Biotechnology — 0.7%** | **Biotechnology — 0.7%** | **Biotechnology — 0.7%** |
| &nbsp;&nbsp;&nbsp; Alkermes, Inc., 2026 Term Loan B, (1-mo. CME Term <br> SOFR at 0.00% Floor + 2.75%), 6.42%, 08/12/31<br>|  | 793 | &nbsp;&nbsp; 797960 |
| &nbsp;&nbsp;&nbsp; Parexel International Corp., 2025 Repriced Term Loan B, <br> (1-mo. CME Term SOFR at 0.50% Floor + 2.75%), <br> 6.42%, 12/12/31<br>|  | 2988 | &nbsp;&nbsp; 2972663 |
|  |  |  | &nbsp;&nbsp; 3770623 |
| **Broadline Retail — 0.3%** | **Broadline Retail — 0.3%** | **Broadline Retail — 0.3%** | **Broadline Retail — 0.3%** |
| &nbsp;&nbsp;&nbsp; Boots Group Finco LP, USD Term Loan, (3-mo. CME Term <br> SOFR at 0.00% Floor + 3.25%), 6.92%, 08/30/32<br>|  | 60 | &nbsp;&nbsp; 60000 |
| Thrasio LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 1st Out Take Back Term Loan, (3-mo. CME Term <br> SOFR at 1.00% Floor + 10.00%), 11.93%, <br> 06/18/29<sup>(d)</sup><br>|  | 414 | &nbsp;&nbsp; 414508 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 2nd Out Take Back Term Loan, (3-mo. CME Term <br> SOFR at 3.65% Floor + 8.11%), 11.93%, 06/18/29<sup>(l)</sup><br>|  | 1350 | &nbsp;&nbsp; 997291 |
|  |  |  | &nbsp;&nbsp; 1471799 |
| **Building Products — 2.2%** | **Building Products — 2.2%** | **Building Products — 2.2%** | **Building Products — 2.2%** |
| &nbsp;&nbsp;&nbsp; AHF Parent Holding, Inc., Term Loan, (3-mo. CME Term <br> SOFR at 0.75% Floor + 6.25%), 10.21%, 02/01/28<br>|  | 1675 | &nbsp;&nbsp; 1577746 |
| &nbsp;&nbsp;&nbsp; Gibraltar Industries, Inc., 2026 Term Loan B, (1-mo. CME <br> Term SOFR at 0.00% Floor + 2.25%), 5.92%, <br> 02/02/33<sup>(d)</sup><br>|  | 1425 | &nbsp;&nbsp; 1416433 |
| &nbsp;&nbsp;&nbsp; HP PHRG Borrower LLC, 2025 Term Loan B, (3-mo. CME <br> Term SOFR at 0.00% Floor + 4.00%), 7.70%, <br> 02/20/32<sup>(d)</sup><br>|  | 4963 | &nbsp;&nbsp; 4912875 |
| &nbsp;&nbsp;&nbsp; LBM Acquisition LLC, 2025 Incremental Term Loan, (1-<br> mo. CME Term SOFR at 0.75% Floor + 5.00%), 8.65%, <br> 06/06/31<br>|  | 995 | &nbsp;&nbsp; 836865 |
| &nbsp;&nbsp;&nbsp; Porcelain Acquisition Corp., Term Loan, 0.00%, <br> 12/31/28<sup>(d)(l)</sup><br>|  | 1249 | &nbsp;&nbsp; 549589 |
| &nbsp;&nbsp;&nbsp; QXO Building Products, Inc., 2025 Term Loan B, (1-mo. <br> CME Term SOFR at 0.00% Floor + 2.00%), 5.67%, <br> 04/30/32<br>|  | 1450 | &nbsp;&nbsp; 1445207 |
| &nbsp;&nbsp;&nbsp; White Cap Supply Holdings LLC, 2024 Term Loan B, (1-<br> mo. CME Term SOFR at 0.00% Floor + 3.25%), 6.92%, <br> 10/19/29<br>|  | 1082 | &nbsp;&nbsp; 1038371 |
|  |  |  | &nbsp;&nbsp; 11777086 |
| **Capital Markets — 2.5%** | **Capital Markets — 2.5%** | **Capital Markets — 2.5%** | **Capital Markets — 2.5%** |
| &nbsp;&nbsp;&nbsp; Ardonagh Group Finco Pty. Ltd., 2024 USD Term Loan B, <br> (6-mo. CME Term SOFR at 0.00% Floor + 2.75%), <br> 6.37%, 02/15/31<br>|  | 112 | &nbsp;&nbsp; 109171 |
| &nbsp;&nbsp;&nbsp; Aretec Group, Inc., 2025 Repriced Term Loan, (1-mo. <br> CME Term SOFR at 0.00% Floor + 3.00%), 6.67%, <br> 08/09/30<br>|  | 2188 | &nbsp;&nbsp; 2158635 |
| &nbsp;&nbsp;&nbsp; GC Champion Acquisition LLC, 1st Lien Term Loan, (3-<br> mo. CME Term SOFR at 1.00% Floor + 5.00%), 8.67%, <br> 08/21/28<sup>(d)</sup><br>|  | 2984 | &nbsp;&nbsp; 2947306 |
| &nbsp;&nbsp;&nbsp; Guardian U.S. Holdco LLC, 2023 Term Loan B, (3-mo. <br> CME Term SOFR at 0.50% Floor + 3.25%), 6.95%, <br> 01/31/30<br>|  | 1450 | &nbsp;&nbsp; 1395894 |
| &nbsp;&nbsp;&nbsp; Hudson River Trading LLC, 2026 Repriced Term Loan B, <br> (1-mo. CME Term SOFR at 0.00% Floor + 2.50%), <br> 6.18%, 03/18/30<br>|  | 1127 | &nbsp;&nbsp; 1120745 |
| &nbsp;&nbsp;&nbsp; Osaic Holdings, Inc., 2026 Term Loan B, (3-mo. CME <br> Term SOFR at 0.00% Floor + 2.50%), 6.20%, 07/30/32<br>|  | 1373 | &nbsp;&nbsp; 1346334 |

---

Consolidated Schedule of Investments

------

Consolidated Schedule of Investments (unaudited)(continued)

March 31, 2026

**BlackRock HPS Credit Strategies Fund**

**(Percentages shown are based on Net Assets)**

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Capital Markets (continued)** | **Capital Markets (continued)** | **Capital Markets (continued)** | **Capital Markets (continued)** |
| Pico Quantitative Trading Holdings LLC<sup>(d)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 Term Loan, (3-mo. CME Term SOFR at 1.50% <br> Floor + 7.25%), 11.18%, 02/08/27<br>| USD | 404 | &nbsp;&nbsp; $404055 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 10th Amendment Term Loan, (3-mo. CME Term <br> SOFR at 1.50% Floor + 7.25%), 11.18%, 02/08/27<br>|  | 3344 | &nbsp;&nbsp; 3343507 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Term Loan, (3-mo. CME Term SOFR at 1.50% Floor + <br> 7.25%), 11.18%, 02/08/27<br>|  | 439 | &nbsp;&nbsp; 441095 |
|  |  |  | &nbsp;&nbsp; 13266742 |
| **Chemicals — 1.6%** | **Chemicals — 1.6%** | **Chemicals — 1.6%** | **Chemicals — 1.6%** |
| &nbsp;&nbsp;&nbsp; Derby Buyer LLC, 2024 Repriced Term Loan B, (1-mo. <br> CME Term SOFR at 0.50% Floor + 3.00%), 6.68%, <br> 11/01/30<br>|  | 1393 | &nbsp;&nbsp; 1389638 |
| &nbsp;&nbsp;&nbsp; Discovery Purchaser Corp., Term Loan, (3-mo. CME Term <br> SOFR at 0.50% Floor + 3.75%), 7.42%, 10/04/29<br>|  | 2832 | &nbsp;&nbsp; 2781384 |
| &nbsp;&nbsp;&nbsp; Fortis 333, Inc., USD Term Loan B, (1-mo. CME Term <br> SOFR at 0.00% Floor + 3.50%), 7.17%, 03/29/32<br>|  | 1444 | &nbsp;&nbsp; 1399770 |
| &nbsp;&nbsp;&nbsp; Illuminate Buyer LLC, 2025 Term Loan B, (1-mo. CME <br> Term SOFR at 0.00% Floor + 2.50%), 6.17%, 12/31/29<br>|  | 1492 | &nbsp;&nbsp; 1479423 |
| &nbsp;&nbsp;&nbsp; INEOS U.S. Finance LLC, 2023 USD Term Loan B, (1-mo. <br> CME Term SOFR at 0.00% Floor + 3.25%), 6.92%, <br> 02/18/30<br>|  | 29 | &nbsp;&nbsp; 25467 |
| &nbsp;&nbsp;&nbsp; INEOS U.S. Petrochem LLC, 2024 USD Term Loan B, <br> (1-mo. CME Term SOFR at 0.00% Floor + 4.25%), <br> 7.92%, 10/07/31<br>|  | 25 | &nbsp;&nbsp; 17431 |
| &nbsp;&nbsp;&nbsp; Oxea Corp., 2017 USD Term Loan B2, (3-mo. CME Term <br> SOFR at 0.00% Floor + 4.85%), 8.50%, 04/08/31<br>|  | 73 | &nbsp;&nbsp; 49785 |
| &nbsp;&nbsp;&nbsp; SCIL IV LLC, USD Term Loan B, (6-mo. CME Term SOFR <br> at 0.00% Floor + 4.00%), 7.79%, 11/08/32<br>|  | 1315 | &nbsp;&nbsp; 1308172 |
|  |  |  | &nbsp;&nbsp; 8451070 |
| **Commercial Services & Supplies — 2.9%** | **Commercial Services & Supplies — 2.9%** | **Commercial Services & Supplies — 2.9%** | **Commercial Services & Supplies — 2.9%** |
| &nbsp;&nbsp;&nbsp; Catawba Nation Gaming Authority, Term Loan B, (3-mo. <br> CME Term SOFR at 0.00% Floor + 4.75%), 8.42%, <br> 03/29/32<br>|  | 1466 | &nbsp;&nbsp; 1485098 |
| &nbsp;&nbsp;&nbsp; Citrin Cooperman Advisors LLC, 2025 Term Loan B, (3-<br> mo. CME Term SOFR at 0.00% Floor + 3.00%), 6.70%, <br> 04/01/32<br>|  | 746 | &nbsp;&nbsp; 715467 |
| CohnReznick LLP<sup>(n)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; Delayed Draw Term Loan, 03/31/32 |  | 103 | &nbsp;&nbsp; 99112 |
| &nbsp;&nbsp;&nbsp; Term Loan, 03/31/32 |  | 647 | &nbsp;&nbsp; 623700 |
| Fusion Holding Corp.<sup>(d)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Revolver, (1-mo. CME Term SOFR at 0.75% Floor + <br> 6.25%), 9.92%, 09/15/28<br>|  | — <br><sup>(m)</sup><br>| &nbsp;&nbsp; 43 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Term Loan, (3-mo. CME Term SOFR at 0.75% Floor + <br> 6.50%), 10.17%, 09/14/29<br>|  | 226 | &nbsp;&nbsp; 204251 |
| &nbsp;&nbsp;&nbsp; Grant Thornton Advisors LLC, 2025 Term Loan B, (1-mo. <br> CME Term SOFR at 0.00% Floor + 2.75%), 6.42%, <br> 06/02/31<br>|  | 1668 | &nbsp;&nbsp; 1550395 |
| &nbsp;&nbsp;&nbsp; Kellermeyer Bergensons Services LLC, 2024 Amendment <br> No. 8 Term Loan, (3-mo. CME Term SOFR at 1.00% <br> Floor + 1.75% and 3.50% PIK), 9.07%, 11/06/28<sup>(d)(h)</sup><br>|  | 391 | &nbsp;&nbsp; 391024 |
| &nbsp;&nbsp;&nbsp; LABL, Inc., 2026 USD Interim New Money DIP Term <br> Loan, (3-mo. CME Term SOFR at 0.50% Floor + <br> 6.75%), 10.38%, 12/02/26<br>|  | 5 | &nbsp;&nbsp; 5381 |
| &nbsp;&nbsp;&nbsp; Learning Care Group U.S. No. 2, Inc., 2024 Term Loan B, <br> (3-mo. CME Term SOFR + 4.00%), 7.66%, 08/11/28<br>|  | 1461 | &nbsp;&nbsp; 1053251 |

---

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Commercial Services & Supplies (continued)** | **Commercial Services & Supplies (continued)** | **Commercial Services & Supplies (continued)** | **Commercial Services & Supplies (continued)** |
| Pueblo Mechanical and Controls LLC<sup>(d)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 Delayed Draw Term Loan, (3-mo. CME Term <br> SOFR at 0.75% Floor + 5.00%), 8.70%, 08/23/28<br>| USD | 485 | &nbsp;&nbsp; $479493 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 Term Loan, (3-mo. CME Term SOFR at 0.75% <br> Floor + 5.00%), 8.70%, 08/23/28<br>|  | 700 | &nbsp;&nbsp; 691236 |
| &nbsp;&nbsp;&nbsp; Thermostat Purchaser III, Inc., 2nd Lien Term Loan, (3-<br> mo. CME Term SOFR at 0.75% Floor + 7.25%), <br> 11.07%, 08/31/29<sup>(d)(h)</sup><br>|  | 1388 | &nbsp;&nbsp; 1387806 |
| &nbsp;&nbsp;&nbsp; Thunder Purchaser, Inc., 2024 Incremental Term Loan, <br> (3-mo. CME Term SOFR at 1.00% Floor + 5.25%), <br> 9.10%, 06/30/28<sup>(d)</sup><br>|  | 384 | &nbsp;&nbsp; 377232 |
| &nbsp;&nbsp;&nbsp; TouchTunes Music Group LLC, 2024 Incremental Term <br> Loan, (3-mo. CME Term SOFR at 0.50% Floor + <br> 4.75%), 8.45%, 04/02/29<br>|  | 3545 | &nbsp;&nbsp; 3387300 |
| &nbsp;&nbsp;&nbsp; TruGreen LP, 2020 Term Loan, (3-mo. CME Term SOFR + <br> 4.00%), 7.77%, 11/02/27<sup>(d)</sup><br>|  | 1054 | &nbsp;&nbsp; 1001525 |
| &nbsp;&nbsp;&nbsp; TTF Holdings LLC, 2024 Term Loan, (6-mo. CME Term <br> SOFR at 0.00% Floor + 3.75%), 7.38%, 07/18/31<br>|  | 2446 | &nbsp;&nbsp; 1810074 |
|  |  |  | &nbsp;&nbsp; 15262388 |
| **Construction & Engineering — 2.4%** | **Construction & Engineering — 2.4%** | **Construction & Engineering — 2.4%** | **Construction & Engineering — 2.4%** |
| &nbsp;&nbsp;&nbsp; Arcfield Acquisition Corp., 2024 Term Loan, (3-mo. CME <br> Term SOFR at 0.50% Floor + 5.00%), 8.67%, <br> 10/28/31<sup>(d)</sup><br>|  | 1755 | &nbsp;&nbsp; 1764866 |
| &nbsp;&nbsp;&nbsp; Brand Industrial Services, Inc., 2024 Term Loan B, (3-mo. <br> CME Term SOFR at 0.50% Floor + 4.50%), 8.16%, <br> 08/01/30<br>|  | 944 | &nbsp;&nbsp; 807559 |
| Lighthouse Parent Holdings, Inc.<sup>(d)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Delayed Draw Term Loan, (3-mo. CME Term SOFR at <br> 0.75% Floor + 4.75%), 8.42%, 12/22/31<br>|  | 16 | &nbsp;&nbsp; 16019 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Term Loan, (3-mo. CME Term SOFR at 0.75% Floor + <br> 4.75%), 8.42%, 12/22/31<br>|  | 59 | &nbsp;&nbsp; 58606 |
| LJ Avalon Holdings LLC<sup>(d)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 1st Amendment Delayed Draw Term Loan, (3-mo. <br> CME Term SOFR at 1.00% Floor + 4.50%), 8.17%, <br> 02/01/30<br>|  | 779 | &nbsp;&nbsp; 775731 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 3rd Amendment Delayed Draw Term Loan, (3-mo. <br> CME Term SOFR at 1.00% Floor + 4.50%), 8.17%, <br> 02/01/30<br>|  | 472 | &nbsp;&nbsp; 470295 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Delayed Draw Term Loan, (3-mo. CME Term SOFR at <br> 1.00% Floor + 4.50%), 8.17%, 02/01/30<br>|  | 107 | &nbsp;&nbsp; 106701 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Term Loan, (3-mo. CME Term SOFR at 1.00% Floor + <br> 4.50%), 8.15%, 02/01/30<br>|  | 278 | &nbsp;&nbsp; 277120 |
| &nbsp;&nbsp;&nbsp; RBS Buyer, Inc., Term Loan, (3-mo. CME Term SOFR at <br> 1.00% Floor + 4.75%), 8.42%, 07/31/31<sup>(d)</sup><br>|  | 2030 | &nbsp;&nbsp; 2060247 |
| Saber Parent Holdings Corp.<sup>(d)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; Revolver, (Prime + 3.50%), 10.25%, 12/16/32 |  | 110 | &nbsp;&nbsp; 108458 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Term Loan, (3-mo. CME Term SOFR at 0.00% Floor + <br> 4.75%), 8.42%, 12/16/32<br>|  | 2481 | &nbsp;&nbsp; 2454817 |
| &nbsp;&nbsp;&nbsp; Titan Home Improvement LLC, Term Loan, (3-mo. CME <br> Term SOFR at 1.00% Floor + 4.75%), 8.42%, <br> 05/31/30<sup>(d)</sup><br>|  | 3674 | &nbsp;&nbsp; 3674419 |
|  |  |  | &nbsp;&nbsp; 12574838 |
| **Construction Materials — 0.0%** | **Construction Materials — 0.0%** | **Construction Materials — 0.0%** | **Construction Materials — 0.0%** |
| &nbsp;&nbsp;&nbsp; Kellermeyer Bergensons Services LLC, 2023 6th <br> Amendment Term Loan, 0.00%, 11/06/28<sup>(d)(l)</sup><br>|  | 180 | &nbsp;&nbsp; 16950 |

---

------

Consolidated Schedule of Investments (unaudited)(continued)

March 31, 2026

**BlackRock HPS Credit Strategies Fund**

**(Percentages shown are based on Net Assets)**

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Consumer Discretionary — 0.3%** | **Consumer Discretionary — 0.3%** | **Consumer Discretionary — 0.3%** | **Consumer Discretionary — 0.3%** |
| Razor Group GmbH<sup>(d)(l)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 2025 Tranche Term Loan 2 A, 0.00%, 12/20/29 | USD | 227 | &nbsp;&nbsp; $— |
| &nbsp;&nbsp;&nbsp; 2025 Tranche Term Loan 2 B, 0.00%, 12/20/29 |  | 100 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; 2025 Tranche Term Loan 3 B, 0.00%, 12/20/29 |  | 1513 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; Sellerx, 2024 Revolver, (3-mo. CME Term SOFR at 1.00% <br> Floor + 5.00%), 8.66%, 10/28/26<sup>(d)</sup><br>|  | 130 | &nbsp;&nbsp; 130344 |
| &nbsp;&nbsp;&nbsp; Shutterfly, Inc., 2023 2nd Lien PIK Term Loan, (1-mo. <br> CME Term SOFR at 1.00% Floor + 5.00% and % PIK), <br> 8.67%, 10/01/27<sup>(h)</sup><br>|  | 1684 | &nbsp;&nbsp; 1602303 |
|  |  |  | &nbsp;&nbsp; 1732647 |
| **Consumer Finance — 0.1%** | **Consumer Finance — 0.1%** | **Consumer Finance — 0.1%** | **Consumer Finance — 0.1%** |
| &nbsp;&nbsp;&nbsp; Barri Financial Group LLC, Term Loan, (1-mo. CME Term <br> SOFR at 1.00% Floor + 8.25%), 12.02%, 12/14/27<sup>(d)</sup><br>|  | 376 | &nbsp;&nbsp; 361957 |
| **Containers & Packaging — 0.3%** | **Containers & Packaging — 0.3%** | **Containers & Packaging — 0.3%** | **Containers & Packaging — 0.3%** |
| &nbsp;&nbsp;&nbsp; Brook & Whittle Holding Corp., 2025 Term Loan C, 0.00%, <br> 03/14/29<sup>(d)(l)</sup><br>|  | 3373 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; Iris Holding, Inc., Term Loan, (3-mo. CME Term SOFR at <br> 0.50% Floor + 4.75%), 8.52%, 06/28/28<br>|  | 1486 | &nbsp;&nbsp; 1388598 |
|  |  |  | &nbsp;&nbsp; 1388598 |
| **Distributors — 0.6%** | **Distributors — 0.6%** | **Distributors — 0.6%** | **Distributors — 0.6%** |
| &nbsp;&nbsp;&nbsp; PAI Holdco, Inc., 2020 Term Loan B, (3-mo. CME Term <br> SOFR + 4.01%), 7.68%, 10/28/27<br>|  | 3285 | &nbsp;&nbsp; 3079687 |
| **Diversified Consumer Services — 1.2%** | **Diversified Consumer Services — 1.2%** | **Diversified Consumer Services — 1.2%** | **Diversified Consumer Services — 1.2%** |
| &nbsp;&nbsp;&nbsp; Express Wash Acquisition Co. LLC, 2025 Term Loan, <br> (3-mo. CME Term SOFR at 1.00% Floor + 6.25%), <br> 9.90%, 04/10/31<sup>(d)</sup><br>|  | 4699 | &nbsp;&nbsp; 4327429 |
| Mckissock Investment Holdings LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 Term Loan, (3-mo. CME Term SOFR at 0.75% <br> Floor + 5.00%), 8.82%, 03/12/29<br>|  | 130 | &nbsp;&nbsp; 112445 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Incremental Term Loan, (3-mo. CME Term SOFR at <br> 0.75% Floor + 5.00%), 8.67%, 03/12/29<br>|  | 903 | &nbsp;&nbsp; 780993 |
| &nbsp;&nbsp;&nbsp; Planet U.S. Buyer LLC, 2024 Term Loan B, (3-mo. CME <br> Term SOFR + 3.00%), 6.67%, 02/07/31<br>|  | 22 | &nbsp;&nbsp; 21688 |
| &nbsp;&nbsp;&nbsp; Pluralsight, Inc., 2024 Second Priority Term Loan B, <br> 0.00%, 08/22/29<sup>(d)(l)</sup><br>|  | 758 | &nbsp;&nbsp; 120914 |
| &nbsp;&nbsp;&nbsp; TL Voltron Purchaser LLC, Term Loan, (1-mo. CME Term <br> SOFR at 0.00% Floor + 5.25%), 8.92%, 12/31/30<sup>(d)</sup><br>|  | 80 | &nbsp;&nbsp; 78540 |
| &nbsp;&nbsp;&nbsp; University Support Services LLC, 2022 Term Loan B, <br> 02/10/29<sup>(n)</sup><br>|  | 992 | &nbsp;&nbsp; 971247 |
|  |  |  | &nbsp;&nbsp; 6413256 |
| **Diversified Telecommunication Services — 0.0%** | **Diversified Telecommunication Services — 0.0%** | **Diversified Telecommunication Services — 0.0%** | **Diversified Telecommunication Services — 0.0%** |
| &nbsp;&nbsp;&nbsp; Sunrise Financing Partnership, Term Loan AAA, (6-mo. <br> CME Term SOFR at 0.00% Floor + 2.47%), 6.10%, <br> 02/15/32<br>|  | 25 | &nbsp;&nbsp; 24805 |
| **Electric Utilities — 0.3%** | **Electric Utilities — 0.3%** | **Electric Utilities — 0.3%** | **Electric Utilities — 0.3%** |
| MRP Buyer LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Delayed Draw Term Loan, (3-mo. CME Term SOFR at <br> 0.00% Floor + 3.25%), 6.95%, 06/04/32<br>|  | 101 | &nbsp;&nbsp; 100366 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Term Loan, (3-mo. CME Term SOFR at 0.00% Floor + <br> 3.25%), 6.95%, 06/04/32<br>|  | 1309 | &nbsp;&nbsp; 1307453 |
|  |  |  | &nbsp;&nbsp; 1407819 |

---

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Electrical Equipment**<sup>(d)</sup> **— 0.0%** | **Electrical Equipment**<sup>(d)</sup> **— 0.0%** | **Electrical Equipment**<sup>(d)</sup> **— 0.0%** | **Electrical Equipment**<sup>(d)</sup> **— 0.0%** |
| Sparkstone Electrical Group |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Revolver, (3-mo. CME Term SOFR + 5.25%), 8.92%, <br> 10/15/31<br>| USD | 4 | &nbsp;&nbsp; $3240 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Term Loan, (3-mo. CME Term SOFR + 5.25%), 8.90%, <br> 10/15/31<br>|  | 55 | &nbsp;&nbsp; 45706 |
|  |  |  | &nbsp;&nbsp; 48946 |
| **Energy Equipment & Services — 0.3%** | **Energy Equipment & Services — 0.3%** | **Energy Equipment & Services — 0.3%** | **Energy Equipment & Services — 0.3%** |
| &nbsp;&nbsp;&nbsp; Star Holding LLC, 2024 1st Lien Term Loan B, (1-mo. <br> CME Term SOFR at 0.00% Floor + 4.50%), 8.17%, <br> 07/31/31<br>|  | 1467 | &nbsp;&nbsp; 1443816 |
| **Entertainment — 0.0%** | **Entertainment — 0.0%** | **Entertainment — 0.0%** | **Entertainment — 0.0%** |
| &nbsp;&nbsp;&nbsp; EOC Borrower LLC, Term Loan B, (1-mo. CME Term <br> SOFR at 0.00% Floor + 2.75%), 6.42%, 03/24/32<br>|  | 168 | &nbsp;&nbsp; 166936 |
| **Financial Services — 9.5%** | **Financial Services — 9.5%** | **Financial Services — 9.5%** | **Financial Services — 9.5%** |
| &nbsp;&nbsp;&nbsp; 1475 Holdings LLC, Term Loan, (1-mo. CME Term SOFR <br> at 0.75% Floor + 5.25%), 8.92%, 01/18/30<sup>(d)</sup><br>|  | 79 | &nbsp;&nbsp; 78010 |
| &nbsp;&nbsp;&nbsp; ABG Intermediate Holdings 2 LLC, 2024 1st Lien Term <br> Loan B, (1-mo. CME Term SOFR at 0.00% Floor + <br> 2.25%), 5.92%, 12/21/28<br>|  | 63 | &nbsp;&nbsp; 62867 |
| &nbsp;&nbsp;&nbsp; Accuserve Solutions, Inc., 2024 Incremental Term Loan, <br> (1-mo. CME Term SOFR at 1.00% Floor + 5.25%), <br> 9.68%, 03/15/30<sup>(d)</sup><br>|  | 598 | &nbsp;&nbsp; 504668 |
| &nbsp;&nbsp;&nbsp; Aggreko Holdings, Inc., 2025 USD Term Loan, (3-mo. <br> CME Term SOFR at 0.50% Floor + 3.00%), 6.66%, <br> 05/21/31<br>|  | 97 | &nbsp;&nbsp; 96638 |
| &nbsp;&nbsp;&nbsp; Apex Group Treasury LLC, 2025 USD Term Loan B, (3-<br> mo. CME Term SOFR at 0.00% Floor + 3.50%), 7.17%, <br> 02/27/32<br>|  | 3062 | &nbsp;&nbsp; 2781041 |
| &nbsp;&nbsp;&nbsp; Beekeeper Buyer, Inc., Term Loan, (3-mo. CME Term <br> SOFR at 0.75% Floor + 5.25%), 8.95%, 06/30/31<sup>(d)</sup><br>|  | 3009 | &nbsp;&nbsp; 2954902 |
| &nbsp;&nbsp;&nbsp; CPI Holdco B LLC, 2025 Add-on Term Loan B, (1-mo. <br> CME Term SOFR at 0.00% Floor + 2.00%), 5.67%, <br> 05/19/31<br>|  | 136 | &nbsp;&nbsp; 135314 |
| Empower Payments Investor LLC<sup>(d)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 3rd Amendment Delayed Draw Term Loan, (3-mo. <br> CME Term SOFR at 0.75% Floor + 4.50%), 8.15%, <br> 03/12/31<br>|  | 1480 | &nbsp;&nbsp; 1468007 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 3rd Amendment Incremental Term Loan, (3-mo. <br> CME Term SOFR at 0.75% Floor + 4.50%), 8.20%, <br> 03/12/31<br>|  | 4935 | &nbsp;&nbsp; 4893326 |
| Foreside Financial<sup>(d)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 Revolver, (3-mo. CME Term SOFR at 1.00% <br> Floor + 5.25%), 9.11%, 09/30/27<br>|  | 20 | &nbsp;&nbsp; 20339 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 Incremental Delayed Draw Term Loan, (3-mo. <br> CME Term SOFR at 1.00% Floor + 5.25%), 9.09%, <br> 09/30/27<br>|  | 500 | &nbsp;&nbsp; 500179 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Incremental Term Loan, (3-mo. CME Term SOFR at <br> 1.00% Floor + 5.25%), 9.07%, 09/30/27<br>|  | 1925 | &nbsp;&nbsp; 1924668 |
| &nbsp;&nbsp;&nbsp; GC Champion Acquisition LLC, 1st Lien Delayed Draw <br> Term Loan, (3-mo. CME Term SOFR at 1.00% Floor + <br> 5.00%), 8.67%, 08/21/28<sup>(d)</sup><br>|  | 47 | &nbsp;&nbsp; 46691 |
| &nbsp;&nbsp;&nbsp; GC Waves Holdings, Inc., 2024 Replacing Term Loan, <br> (1-mo. CME Term SOFR at 0.75% Floor + 4.50%), <br> 8.17%, 10/04/30<sup>(d)</sup><br>|  | 3829 | &nbsp;&nbsp; 3866970 |
| Lucky U.S. Buyerco LLC<sup>(d)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Revolver, (3-mo. CME Term SOFR at 1.00% Floor + <br> 8.25%), 11.92%, 03/29/29<br>|  | 10 | &nbsp;&nbsp; 9888 |

---

Consolidated Schedule of Investments

------

Consolidated Schedule of Investments (unaudited)(continued)

March 31, 2026

**BlackRock HPS Credit Strategies Fund**

**(Percentages shown are based on Net Assets)**

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Financial Services (continued)** | **Financial Services (continued)** | **Financial Services (continued)** | **Financial Services (continued)** |
| Lucky U.S. Buyerco LLC<sup>(d)</sup> (continued) |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Term Loan B, (3-mo. CME Term SOFR at 1.00% Floor <br> + 6.25% and 2.00% PIK), 11.92%, 03/29/29<sup>(h)</sup><br>| USD | 85 | &nbsp;&nbsp; $82707 |
| Nxgen Buyer, Inc.<sup>(d)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 11th Amendment Incremental Term Loan, (1-mo. <br> CME Term SOFR at 1.00% Floor + 4.75%), 8.42%, <br> 11/01/27<br>|  | 3787 | &nbsp;&nbsp; 3756500 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 11th Amendment Revolver, (3-mo. CME Term <br> SOFR at 1.00% Floor + 3.75%), 10.50%, 11/01/27<br>|  | 12 | &nbsp;&nbsp; 11681 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 12th Amendment Incremental Term Loan, (1-mo. <br> CME Term SOFR at 1.00% Floor + 4.75%), 8.42%, <br> 11/01/27<br>|  | 273 | &nbsp;&nbsp; 270389 |
| &nbsp;&nbsp;&nbsp; Oak Funding LLC, Term Loan, (1-mo. CME Term SOFR at <br> 0.50% Floor + 4.50%), 8.17%, 12/02/32<sup>(d)</sup><br>|  | 6085 | &nbsp;&nbsp; 6036430 |
| &nbsp;&nbsp;&nbsp; Oak Purchaser, Inc., 2024 Delayed Draw Term Loan, (3-<br> mo. CME Term SOFR at 0.75% Floor + 5.50%), 9.24%, <br> 05/31/28<sup>(d)</sup><br>|  | 64 | &nbsp;&nbsp; 62784 |
| &nbsp;&nbsp;&nbsp; Oasis Financial LLC, 2nd Lien Term Loan, (1-mo. CME <br> Term SOFR at 1.00% Floor + 8.50%), 12.28%, <br> 07/05/26<sup>(d)</sup><br>|  | 833 | &nbsp;&nbsp; 833333 |
| &nbsp;&nbsp;&nbsp; Orion U.S. Finco, Inc., 2nd Lien Term Loan, (3-mo. CME <br> Term SOFR at 0.00% Floor + 5.50%), 9.15%, <br> 10/10/33<sup>(d)</sup><br>|  | 1472 | &nbsp;&nbsp; 1376300 |
| &nbsp;&nbsp;&nbsp; PMA Parent Holdings LLC, Term Loan, (3-mo. CME Term <br> SOFR at 0.75% Floor + 4.75%), 8.45%, 01/31/31<sup>(d)</sup><br>|  | 87 | &nbsp;&nbsp; 86018 |
| &nbsp;&nbsp;&nbsp; PREIT Associates LP, 2024 Term Loan, (1-mo. CME Term <br> SOFR at 0.00% Floor + 7.00%), 10.67%, 04/01/29<br>|  | 3627 | &nbsp;&nbsp; 3708434 |
| &nbsp;&nbsp;&nbsp; SitusAMC Holdings Corp., 2025 Incremental Term Loan, <br> (3-mo. CME Term SOFR at 0.75% Floor + 5.50%), <br> 9.20%, 05/14/31<sup>(d)</sup><br>|  | 4912 | &nbsp;&nbsp; 4892845 |
| Smarsh, Inc.<sup>(d)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 Delayed Draw Term Loan, (3-mo. CME Term <br> SOFR at 0.75% Floor + 4.75%), 8.42%, 02/16/29<br>|  | 42 | &nbsp;&nbsp; 40637 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 Revolver, (3-mo. CME Term SOFR at 0.75% <br> Floor + 4.75%), 8.45%, 02/16/29<br>|  | 20 | &nbsp;&nbsp; 19525 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan, (3-mo. CME Term SOFR at 0.75% <br> Floor + 4.75%), 8.45%, 02/16/29<br>|  | 1714 | &nbsp;&nbsp; 1647429 |
| &nbsp;&nbsp;&nbsp; Summit Acquisition, Inc., 2025 Add-on Term Loan, (1-mo. <br> CME Term SOFR at 0.00% Floor + 3.50%), 7.17%, <br> 10/16/31<sup>(d)</sup><br>|  | 1461 | &nbsp;&nbsp; 1457163 |
| Wealth Enhancement Group LLC<sup>(d)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 August Delayed Draw Term Loan, (3-mo. CME <br> Term SOFR + 4.25%), 7.91%, 10/02/28<br>|  | 1161 | &nbsp;&nbsp; 1156491 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 11th Amendment Delayed Draw Term Loan, (3-<br> mo. CME Term SOFR at 1.00% Floor + 4.25%), <br> 7.91%, 10/02/28<br>|  | 3496 | &nbsp;&nbsp; 3481522 |
| &nbsp;&nbsp;&nbsp; Wharf Street Ratings Acquisition LLC, 2025 Term Loan, <br> (1-mo. CME Term SOFR at 0.75% Floor + 4.75%), <br> 8.42%, 09/16/32<sup>(d)</sup><br>|  | 2126 | &nbsp;&nbsp; 2134759 |
|  |  |  | &nbsp;&nbsp; 50398455 |
| **Food Products — 0.2%** | **Food Products — 0.2%** | **Food Products — 0.2%** | **Food Products — 0.2%** |
| &nbsp;&nbsp;&nbsp; JP Intermediate B LLC, 2025 Term Loan (2030), (3-mo. <br> CME Term SOFR at 1.00% Floor + 7.00%), 10.70%, <br> 09/30/30<sup>(d)</sup><br>|  | 161 | &nbsp;&nbsp; 160710 |
| &nbsp;&nbsp;&nbsp; PFI Lower Midco LLC, Term Loan B, (1-mo. CME Term <br> SOFR at 0.00% Floor + 4.00%), 7.67%, 12/01/32<br>|  | 684 | &nbsp;&nbsp; 685083 |
|  |  |  | &nbsp;&nbsp; 845793 |
| **Ground Transportation**<sup>(d)</sup> **— 0.9%** | **Ground Transportation**<sup>(d)</sup> **— 0.9%** | **Ground Transportation**<sup>(d)</sup> **— 0.9%** | **Ground Transportation**<sup>(d)</sup> **— 0.9%** |
| Keep Truckin, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan, (1-mo. CME Term SOFR at 1.00% <br> Floor + 7.25%), 11.03%, 04/08/27<br>|  | 500 | &nbsp;&nbsp; 503000 |

---

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Ground Transportation (continued)** | **Ground Transportation (continued)** | **Ground Transportation (continued)** | **Ground Transportation (continued)** |
| Keep Truckin, Inc. (continued) |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Delayed Draw Term Loan, (1-mo. CME Term SOFR at <br> 1.00% Floor + 7.25%), 11.03%, 04/08/27<br>| USD | 988 | &nbsp;&nbsp; $994022 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Delayed Draw Term Loan 2, (1-mo. CME Term SOFR <br> at 1.00% Floor + 7.25%), 11.03%, 04/08/27<br>|  | 1512 | &nbsp;&nbsp; 1520978 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Term Loan, (1-mo. CME Term SOFR at 1.00% Floor + <br> 7.25%), 11.03%, 04/08/27<br>|  | 2000 | &nbsp;&nbsp; 2012000 |
|  |  |  | &nbsp;&nbsp; 5030000 |
| **Health Care Equipment & Supplies — 3.5%** | **Health Care Equipment & Supplies — 3.5%** | **Health Care Equipment & Supplies — 3.5%** | **Health Care Equipment & Supplies — 3.5%** |
| &nbsp;&nbsp;&nbsp; Agiliti Health, Inc., 2023 Term Loan, (6-mo. CME Term <br> SOFR + 3.00%), 6.58%, 05/01/30<br>|  | 1384 | &nbsp;&nbsp; 1342630 |
| &nbsp;&nbsp;&nbsp; AthenaHealth Group, Inc., 2022 Term Loan B, (1-mo. <br> CME Term SOFR at 0.50% Floor + 2.75%), 6.42%, <br> 02/15/29<br>|  | 207 | &nbsp;&nbsp; 202293 |
| &nbsp;&nbsp;&nbsp; Bausch & Lomb Corporation, 2025 Repriced Term Loan, <br> (1-mo. CME Term SOFR at 0.00% Floor + 3.75%), <br> 7.42%, 01/15/31<br>|  | 8260 | &nbsp;&nbsp; 8270097 |
| Birdie Bidco, Inc.<sup>(d)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Delayed Draw Term Loan, (3-mo. CME Term SOFR at <br> 0.75% Floor + 6.75%), 10.40%, 11/17/32<br>|  | 67 | &nbsp;&nbsp; 66949 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Term Loan, (3-mo. CME Term SOFR at 0.75% Floor + <br> 4.75%), 8.45%, 11/17/32<br>|  | 2803 | &nbsp;&nbsp; 2786668 |
| &nbsp;&nbsp;&nbsp; Gainwell Acquisition Corp., Term Loan B, (3-mo. CME <br> Term SOFR at 0.75% Floor + 4.00%), 7.80%, 10/01/27<br>|  | 266 | &nbsp;&nbsp; 258210 |
| Polaris Newco LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; USD Term Loan B, (3-mo. CME Term SOFR at 0.50% <br> Floor + 4.01%), 7.68%, 06/02/28<br>|  | 952 | &nbsp;&nbsp; 835080 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; USD Term Loan B, (3-mo. CME Term SOFR at 0.50% <br> Floor + 4.26%), 7.93%, 06/02/28<br>|  | 5644 | &nbsp;&nbsp; 4937064 |
|  |  |  | &nbsp;&nbsp; 18698991 |
| **Health Care Providers & Services — 7.0%** | **Health Care Providers & Services — 7.0%** | **Health Care Providers & Services — 7.0%** | **Health Care Providers & Services — 7.0%** |
| ADMI Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 Incremental Term Loan B3, (1-mo. CME Term <br> SOFR + 3.75%), 7.53%, 12/23/27<br>|  | 1470 | &nbsp;&nbsp; 1374512 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 Term Loan B5, (1-mo. CME Term SOFR + <br> 5.75%), 9.42%, 12/23/27<br>|  | 2380 | &nbsp;&nbsp; 2270274 |
| BW NHHC Holdco, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 1st Lien Second Out Term Loan, 0.00%, <br> 01/15/27<br>|  | 4470 | &nbsp;&nbsp; 4486677 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 2nd Lien Third Out Term Loan, (3-mo. CME Term <br> SOFR + 12.00%), 15.90%, 11/15/26<sup>(d)</sup><br>|  | 2266 | &nbsp;&nbsp; 265104 |
| &nbsp;&nbsp;&nbsp; CareRing Health LLC, Delayed Draw Term Loan, (3-mo. <br> CME Term SOFR at 0.75% Floor + 6.00%), 9.67%, <br> 05/04/28<sup>(d)</sup><br>|  | 664 | &nbsp;&nbsp; 650509 |
| CBI-Gator Acquisition LLC<sup>(d)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Revolver, (3-mo. CME Term SOFR at 1.00% Floor + <br> 6.50%), 10.32%, 10/25/27<br>|  | 236 | &nbsp;&nbsp; 227629 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Term Loan, (3-mo. CME Term SOFR at 1.00% Floor + <br> 5.75% and 0.75% PIK), 10.32%, 10/25/27<sup>(h)</sup><br>|  | 2802 | &nbsp;&nbsp; 2709859 |
| &nbsp;&nbsp;&nbsp; Ensemble RCM, LLC, 2026 Term Loan B, (3-mo. CME <br> Term SOFR at 0.00% Floor + 3.00%), 6.70%, 02/09/33<br>|  | 2130 | &nbsp;&nbsp; 2102430 |
| &nbsp;&nbsp;&nbsp; EyeCare Partners LLC, 2024 Third Out Term Loan C, <br> 0.00%, 11/30/28<sup>(l)</sup><br>|  | 7 | &nbsp;&nbsp; 1164 |
| &nbsp;&nbsp;&nbsp; Ivyrehab Intermediate II LLC, 2024 2nd Amendment <br> Tranche A Delayed Draw Term Loan, (3-mo. CME Term <br> SOFR at 0.75% Floor + 5.25%), 9.02%, 04/23/29<sup>(d)</sup><br>|  | 99 | &nbsp;&nbsp; 99197 |
| &nbsp;&nbsp;&nbsp; IvyRehab Intermediate II LLC, 2025 Incremental Delayed <br> Draw Term Loan, (3-mo. CME Term SOFR at 0.75% <br> Floor + 5.00%), 8.77%, 04/23/29<sup>(d)</sup><br>|  | 2354 | &nbsp;&nbsp; 2341005 |
| &nbsp;&nbsp;&nbsp; Lumexa Imaging, Inc., Term Loan B, (3-mo. CME Term <br> SOFR at 0.00% Floor + 3.00%), 6.70%, 12/17/32<br>|  | 1661 | &nbsp;&nbsp; 1664243 |

---

------

Consolidated Schedule of Investments (unaudited)(continued)

March 31, 2026

**BlackRock HPS Credit Strategies Fund**

**(Percentages shown are based on Net Assets)**

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Health Care Providers & Services (continued)** | **Health Care Providers & Services (continued)** | **Health Care Providers & Services (continued)** | **Health Care Providers & Services (continued)** |
| Medical Solutions Holdings, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 2021 1st Lien Term Loan, 0.00%, 11/01/28 | USD | — <br><sup>(m)</sup><br>| &nbsp;&nbsp; $9 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 2nd Lien Term Loan, (3-mo. CME Term SOFR at <br> 0.50% Floor + 7.10%), 10.77%, 11/01/29<br>|  | 80 | &nbsp;&nbsp; 6400 |
| &nbsp;&nbsp;&nbsp; MRO Parent Corp., Term Loan, (1-mo. CME Term SOFR <br> at 0.75% Floor + 4.50%), 8.17%, 06/09/32<sup>(d)</sup><br>|  | 4238 | &nbsp;&nbsp; 4237963 |
| &nbsp;&nbsp;&nbsp; Onex TSG Intermediate Corp., 2026 Term Loan B, (3-mo. <br> CME Term SOFR at 0.00% Floor + 3.25%), 6.95%, <br> 08/06/32<br>|  | 859 | &nbsp;&nbsp; 862256 |
| &nbsp;&nbsp;&nbsp; Patriot Home Care, Term Loan, (3-mo. CME Term SOFR <br> at 0.75% Floor + 6.00%), 9.67%, 05/05/28<sup>(d)</sup><br>|  | 2860 | &nbsp;&nbsp; 2803964 |
| &nbsp;&nbsp;&nbsp; Precision Medicine Group LLC, 2025 Term Loan B, (1-mo. <br> CME Term SOFR at 0.00% Floor + 3.50%), 7.17%, <br> 08/20/32<br>|  | 1138 | &nbsp;&nbsp; 1135296 |
| &nbsp;&nbsp;&nbsp; PTSH Intermediate Holdings, LLC, 2026 6th Amendment <br> Term Loan, (3-mo. CME Term SOFR at 0.75% Floor + <br> 5.00%), 8.70%, 01/10/33<sup>(d)</sup><br>|  | 2894 | &nbsp;&nbsp; 2849440 |
| &nbsp;&nbsp;&nbsp; Quorum Health Corp., 2020 Term Loan, (3-mo. CME Term <br> SOFR at 1.00% Floor + 6.60% and 4.75% PIK), <br> 15.00%, 01/28/28<sup>(d)(h)</sup><br>|  | 3840 | &nbsp;&nbsp; 2553862 |
| &nbsp;&nbsp;&nbsp; Raven Acquisition Holdings LLC, Term Loan B, (1-mo. <br> CME Term SOFR at 0.00% Floor + 3.00%), 6.67%, <br> 11/19/31<br>|  | 1342 | &nbsp;&nbsp; 1314982 |
| &nbsp;&nbsp;&nbsp; Star Parent, Inc., Term Loan B, (3-mo. CME Term SOFR <br> at 0.00% Floor + 4.00%), 7.70%, 09/27/30<br>|  | 1423 | &nbsp;&nbsp; 1405448 |
| &nbsp;&nbsp;&nbsp; Team Health Holdings, Inc., 2026 Repriced Term Loan B, <br> (3-mo. CME Term SOFR at 0.00% Floor + 4.00%), <br> 7.66%, 06/30/28<br>|  | 1898 | &nbsp;&nbsp; 1887996 |
|  |  |  | &nbsp;&nbsp; 37250219 |
| **Health Care Services**<sup>(d)</sup> **— 0.9%** | **Health Care Services**<sup>(d)</sup> **— 0.9%** | **Health Care Services**<sup>(d)</sup> **— 0.9%** | **Health Care Services**<sup>(d)</sup> **— 0.9%** |
| NP Kaba Mergersub, Inc |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Revolver, (3-mo. CME Term SOFR at 0.50% Floor + <br> 4.50%), 8.15%, 01/31/33<br>|  | 105 | &nbsp;&nbsp; 103927 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Term Loan, (3-mo. CME Term SOFR at 0.50% Floor + <br> 4.50%), 8.20%, 01/31/33<br>|  | 4465 | &nbsp;&nbsp; 4416680 |
|  |  |  | &nbsp;&nbsp; 4520607 |
| **Health Care Technology**<sup>(d)</sup> **— 1.1%** | **Health Care Technology**<sup>(d)</sup> **— 1.1%** | **Health Care Technology**<sup>(d)</sup> **— 1.1%** | **Health Care Technology**<sup>(d)</sup> **— 1.1%** |
| &nbsp;&nbsp;&nbsp; Appriss Health LLC, Term Loan, (1-mo. CME Term SOFR <br> at 1.00% Floor + 4.75%), 8.52%, 05/05/28<br>|  | 691 | &nbsp;&nbsp; 690686 |
| ESO Solutions, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 Incremental Term Loan, (3-mo. CME Term SOFR <br> at 1.00% Floor + 6.75%), 10.43%, 05/03/27<br>|  | 964 | &nbsp;&nbsp; 955030 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Revolver, (3-mo. CME Term SOFR at 1.00% Floor + <br> 6.75%), 10.44%, 05/03/27<br>|  | 279 | &nbsp;&nbsp; 276872 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Term Loan, (3-mo. CME Term SOFR at 1.00% Floor + <br> 6.75%), 10.43%, 05/03/27<br>|  | 3696 | &nbsp;&nbsp; 3663052 |
|  |  |  | &nbsp;&nbsp; 5585640 |
| **Hotels, Restaurants & Leisure — 4.8%** | **Hotels, Restaurants & Leisure — 4.8%** | **Hotels, Restaurants & Leisure — 4.8%** | **Hotels, Restaurants & Leisure — 4.8%** |
| &nbsp;&nbsp;&nbsp; Great Canadian Gaming Corp., 2024 Term Loan B, (3-mo. <br> CME Term SOFR at 0.00% Floor + 4.75%), 8.44%, <br> 11/01/29<br>|  | 37 | &nbsp;&nbsp; 35794 |
| &nbsp;&nbsp;&nbsp; Gympass, 2024 2nd Amendment Delayed Draw Term <br> Loan, (1-mo. CME Term SOFR at 1.50% Floor + 6.00% <br> and 3.25% PIK), 10.28%, 08/29/29<sup>(d)(h)</sup><br>|  | 4944 | &nbsp;&nbsp; 4944394 |
| &nbsp;&nbsp;&nbsp; Herschend Entertainment Co. LLC, 2026 Term Loan B, <br> (1-mo. CME Term SOFR at 0.00% Floor + 2.50%), <br> 6.17%, 05/27/32<br>|  | 1419 | &nbsp;&nbsp; 1419603 |
| &nbsp;&nbsp;&nbsp; Ontario Gaming GTA LP, Term Loan B, (3-mo. CME Term <br> SOFR at 0.50% Floor + 4.25%), 7.95%, 08/01/30<br>|  | 25 | &nbsp;&nbsp; 23173 |

---

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Hotels, Restaurants & Leisure (continued)** | **Hotels, Restaurants & Leisure (continued)** | **Hotels, Restaurants & Leisure (continued)** | **Hotels, Restaurants & Leisure (continued)** |
| &nbsp;&nbsp;&nbsp; Oravel Stays Singapore Pte. Ltd., 2025 Term Loan B, <br> (3-mo. CME Term SOFR at 1.00% Floor + 8.00%), <br> 11.71%, 01/08/30<br>| USD | 4964 | &nbsp;&nbsp; $5037935 |
| &nbsp;&nbsp;&nbsp; Peninsula Pacific Entertainment Development LLC, <br> 2025 Delayed Draw Term Loan, (1-mo. CME Term <br> SOFR at 0.00% Floor + 4.75%), 8.42%, 10/01/32<br>|  | 280 | &nbsp;&nbsp; 278420 |
| &nbsp;&nbsp;&nbsp; Peninsula Pacific Entertainment LLC, 2025 Term Loan B, <br> (3-mo. CME Term SOFR at 0.00% Floor + 4.75%), <br> 8.45%, 10/01/32<br>|  | 2321 | &nbsp;&nbsp; 2309623 |
| &nbsp;&nbsp;&nbsp; SGH2 LLC, 2025 USD Term Loan B, (3-mo. CME Term <br> SOFR at 0.00% Floor + 4.50%), 8.20%, 08/18/32<sup>(d)</sup><br>|  | 1467 | &nbsp;&nbsp; 1439031 |
| &nbsp;&nbsp;&nbsp; Showtime Acquisition LLC, 2024 1st Lien Term Loan, (3-<br> mo. CME Term SOFR at 0.00% Floor + 4.75%), 8.40%, <br> 08/16/31<sup>(d)</sup><br>|  | 4881 | &nbsp;&nbsp; 4816971 |
| &nbsp;&nbsp;&nbsp; Stonebridge Cos. LLC, Term Loan B, (1-mo. CME Term <br> SOFR at 0.75% Floor + 5.00%), 8.67%, 05/16/31<sup>(d)</sup><br>|  | 3234 | &nbsp;&nbsp; 3266251 |
| &nbsp;&nbsp;&nbsp; Voyager Parent LLC, Repriced Term Loan B, (3-mo. CME <br> Term SOFR at 0.00% Floor + 4.25%), 7.95%, 07/01/32<br>|  | 1405 | &nbsp;&nbsp; 1393987 |
| &nbsp;&nbsp;&nbsp; Wellhub Inc., Term Loan, (1-mo. CME Term SOFR + <br> 3.25% and 3.25% PIK), 10.28%, 07/08/27<sup>(d)(h)</sup><br>|  | 287 | &nbsp;&nbsp; 287285 |
|  |  |  | &nbsp;&nbsp; 25252467 |
| **Household Durables — 0.1%** | **Household Durables — 0.1%** | **Household Durables — 0.1%** | **Household Durables — 0.1%** |
| &nbsp;&nbsp;&nbsp; SWF Holdings I Corp., 2024 First Lien Second Out TL A2, <br> (1-mo. CME Term SOFR at 1.00% Floor + 4.00%), <br> 7.78%, 10/06/28<br>|  | 591 | &nbsp;&nbsp; 368283 |
| **Industrial Conglomerates — 0.4%** | **Industrial Conglomerates — 0.4%** | **Industrial Conglomerates — 0.4%** | **Industrial Conglomerates — 0.4%** |
| &nbsp;&nbsp;&nbsp; Forgent Intermediate IV LLC, Term Loan, (3-mo. CME <br> Term SOFR at 0.00% Floor + 3.00%), 6.66%, 12/20/32<br>|  | 1264 | &nbsp;&nbsp; 1267510 |
| &nbsp;&nbsp;&nbsp; Resilience Parent LLC, 1st Lien Term Loan, (6-mo. CME <br> Term SOFR at 0.00% Floor + 2.50%), 6.10%, 02/28/33<br>|  | 633 | &nbsp;&nbsp; 629081 |
| &nbsp;&nbsp;&nbsp; Stitch Acquisition Corp., 2024 2nd Out Term Loan, (3-mo. <br> CME Term SOFR + 7.50%), 11.46%, 12/31/29<sup>(d)</sup><br>|  | 28 | &nbsp;&nbsp; 22485 |
|  |  |  | &nbsp;&nbsp; 1919076 |
| **Insurance — 2.9%** | **Insurance — 2.9%** | **Insurance — 2.9%** | **Insurance — 2.9%** |
| Acrisure LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 1st Lien Term Loan B6, (1-mo. CME Term SOFR <br> at 0.00% Floor + 3.00%), 6.67%, 11/06/30<br>|  | 1375 | &nbsp;&nbsp; 1330231 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B, (1-mo. CME Term SOFR at 0.00% <br> Floor + 3.25%), 6.92%, 06/21/32<br>|  | 903 | &nbsp;&nbsp; 873898 |
| &nbsp;&nbsp;&nbsp; Alliant Holdings Intermediate LLC, 2025 Term Loan B, <br> (1-mo. CME Term SOFR at 0.00% Floor + 2.50%), <br> 6.17%, 09/19/31<br>|  | 1492 | &nbsp;&nbsp; 1479586 |
| &nbsp;&nbsp;&nbsp; Goosehead Insurance Holdings LLC, 2025 Term Loan B, <br> (1-mo. CME Term SOFR at 0.00% Floor + 3.00%), <br> 6.68%, 01/08/32<sup>(d)</sup><br>|  | 300 | &nbsp;&nbsp; 292289 |
| &nbsp;&nbsp;&nbsp; HIG Operations Holdings, Inc., 2025 6th Amendment Term <br> Loan, (1-mo. CME Term SOFR at 1.00% Floor + <br> 4.50%), 8.17%, 06/11/31<sup>(d)</sup><br>|  | 4238 | &nbsp;&nbsp; 4237968 |
| IT Parent LLC<sup>(d)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 Term Loan, (3-mo. CME Term SOFR at 1.00% <br> Floor + 5.50%), 9.27%, 10/01/26<br>|  | 303 | &nbsp;&nbsp; 301427 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Revolver, (3-mo. CME Term SOFR at 1.00% Floor + <br> 6.25%), 9.27%, 10/01/26<br>|  | 287 | &nbsp;&nbsp; 285173 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Term Loan, (3-mo. CME Term SOFR at 1.00% Floor + <br> 5.50%), 9.27%, 10/01/26<br>|  | 2379 | &nbsp;&nbsp; 2364263 |
| &nbsp;&nbsp;&nbsp; Jones DesLauriers Insurance Management Inc., <br> 2026 Repriced Term Loan B, (3-mo. CME Term SOFR <br> at 0.00% Floor + 3.00%), 6.66%, 02/02/33<br>|  | 1414 | &nbsp;&nbsp; 1371880 |
| &nbsp;&nbsp;&nbsp; OneDigital Borrower LLC, 2025 Repriced Term Loan, <br> (1-mo. CME Term SOFR at 0.50% Floor + 3.00%), <br> 6.67%, 07/02/31<br>|  | 1452 | &nbsp;&nbsp; 1400893 |

---

Consolidated Schedule of Investments

------

Consolidated Schedule of Investments (unaudited)(continued)

March 31, 2026

**BlackRock HPS Credit Strategies Fund**

**(Percentages shown are based on Net Assets)**

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Insurance (continued)** | **Insurance (continued)** | **Insurance (continued)** | **Insurance (continued)** |
| Truist Insurance Holdings LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan B, (3-mo. CME Term SOFR at 0.00% <br> Floor + 2.75%), 6.45%, 05/06/31<br>| USD | 205 | &nbsp;&nbsp; $201361 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2nd Lien Term Loan, (3-mo. CME Term SOFR at 0.00% <br> Floor + 4.75%), 8.45%, 05/06/32<br>|  | 34 | &nbsp;&nbsp; 33295 |
| &nbsp;&nbsp;&nbsp; USI, Inc., 2024 Term Loan D, (3-mo. CME Term SOFR at <br> 0.00% Floor + 2.25%), 5.95%, 11/21/29<br>|  | 1088 | &nbsp;&nbsp; 1084913 |
|  |  |  | &nbsp;&nbsp; 15257177 |
| **Interactive Media & Services**<sup>(d)</sup> **— 0.7%** | **Interactive Media & Services**<sup>(d)</sup> **— 0.7%** | **Interactive Media & Services**<sup>(d)</sup> **— 0.7%** | **Interactive Media & Services**<sup>(d)</sup> **— 0.7%** |
| Kid Distro Holdings LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 Incremental Term Loan, (3-mo. CME Term SOFR <br> at 1.00% Floor + 4.25%), 7.92%, 10/01/29<br>|  | 352 | &nbsp;&nbsp; 346800 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Term Loan, (3-mo. CME Term SOFR at 1.00% Floor + <br> 4.25%), 7.92%, 10/01/29<br>|  | 3238 | &nbsp;&nbsp; 3185356 |
|  |  |  | &nbsp;&nbsp; 3532156 |
| **IT Services — 7.6%** | **IT Services — 7.6%** | **IT Services — 7.6%** | **IT Services — 7.6%** |
| Acquia, Inc.<sup>(d)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Revolver, (3-mo. CME Term SOFR at 1.00% Floor + <br> 5.00%), 8.80%, 10/30/26<br>|  | 36 | &nbsp;&nbsp; 35366 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Term Loan, (3-mo. CME Term SOFR at 1.00% Floor + <br> 5.00%), 8.80%, 10/30/26<br>|  | 481 | &nbsp;&nbsp; 473087 |
| &nbsp;&nbsp;&nbsp; Applause App Quality, Inc., 2024 7th Amendment <br> Refinancing Term Loan, (3-mo. CME Term SOFR at <br> 1.50% Floor + 5.75%), 9.45%, 10/24/29<sup>(d)</sup><br>|  | 81 | &nbsp;&nbsp; 79354 |
| &nbsp;&nbsp;&nbsp; Aventiv Technologies LLC, 2025 5th Amendment <br> Incremental Bridge Loan, (3-mo. CME Term SOFR at <br> 1.00% Floor + 10.00%), 13.93%, 09/30/26<br>|  | 3000 | &nbsp;&nbsp; 3112500 |
| Bynder Holding BV<sup>(d)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Term Loan Tranche A, (3-mo. CME Term SOFR at <br> 1.00% Floor + 6.00%), 9.67%, 01/26/29<br>|  | 15 | &nbsp;&nbsp; 14836 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Term Loan Tranche B, (3-mo. CME Term SOFR at <br> -5.00% Floor + 6.00%), 9.67%, 01/26/29<br>|  | 54 | &nbsp;&nbsp; 53781 |
| &nbsp;&nbsp;&nbsp; Central Parent LLC, 2024 Term Loan B, (3-mo. CME Term <br> SOFR at 0.00% Floor + 3.25%), 6.95%, 07/06/29<br>|  | 1516 | &nbsp;&nbsp; 1076188 |
| &nbsp;&nbsp;&nbsp; CivicPlus LLC, 2025 Refinancing Term Loan, (3-mo. CME <br> Term SOFR at 0.75% Floor + 3.25% and 2.75% PIK), <br> 9.67%, 08/23/30<sup>(d)(h)</sup><br>|  | 1865 | &nbsp;&nbsp; 1838971 |
| &nbsp;&nbsp;&nbsp; Delivery Hero Finco LLC, 2024 USD Term Loan B, (3-mo. <br> CME Term SOFR + 5.00%), 8.64%, 12/12/29<br>|  | 4014 | &nbsp;&nbsp; 3933478 |
| &nbsp;&nbsp;&nbsp; Elastic Path Software, Inc., Term Loan, (3-mo. CME Term <br> SOFR at 1.00% Floor + 7.50%), 11.41%, 01/06/27<sup>(d)</sup><br>|  | 1342 | &nbsp;&nbsp; 1249053 |
| G-3 Apollo Acquisition Corp.<sup>(d)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Revolver, (3-mo. CME Term SOFR at 1.00% Floor + <br> 5.00%), 8.70%, 03/10/31<br>|  | 1 | &nbsp;&nbsp; 1393 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Term Loan, (3-mo. CME Term SOFR at 1.00% Floor + <br> 5.00%), 8.67%, 03/10/31<br>|  | 66 | &nbsp;&nbsp; 64512 |
| &nbsp;&nbsp;&nbsp; Honey Intermediate, Inc., Term Loan, (1-mo. CME Term <br> SOFR + 2.88% and 3.38% PIK), 9.92%, 09/30/31<sup>(d)(h)</sup><br>|  | 93 | &nbsp;&nbsp; 90642 |
| &nbsp;&nbsp;&nbsp; Huckabee Acquisition LLC, Term Loan, (3-mo. CME Term <br> SOFR at 1.00% Floor + 5.25%), 8.95%, 01/16/30<sup>(d)</sup><br>|  | 73 | &nbsp;&nbsp; 72710 |
| Integratecom, Inc.<sup>(d)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Delayed Draw Term Loan, (3-mo. CME Term SOFR at <br> 1.00% Floor + 6.75%), 10.60%, 12/15/27<br>|  | 104 | &nbsp;&nbsp; 97523 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Revolver, (3-mo. CME Term SOFR at 1.00% Floor + <br> 6.75%), 10.61%, 12/15/27<br>|  | 139 | &nbsp;&nbsp; 131022 |
| &nbsp;&nbsp;&nbsp; Intercept Bidco, Inc., Term Loan, (3-mo. CME Term SOFR <br> at 1.00% Floor + 5.75%), 9.42%, 06/03/30<sup>(d)</sup><br>|  | 3611 | &nbsp;&nbsp; 3546111 |

---

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **IT Services (continued)** | **IT Services (continued)** | **IT Services (continued)** | **IT Services (continued)** |
| &nbsp;&nbsp;&nbsp; ION Platform Finance U.S., Inc., USD Term Loan, (3-mo. <br> CME Term SOFR at 0.00% Floor + 3.75%), 7.45%, <br> 10/07/32<br>| USD | 1608 | &nbsp;&nbsp; $1285499 |
| Lightspeed Solution LLC<sup>(d)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 2nd Amendment Incremental Term Loan, (1-mo. <br> CME Term SOFR at 0.75% Floor + 6.00%), 9.67%, <br> 03/01/28<br>|  | 92 | &nbsp;&nbsp; 90843 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Delayed Draw Term Loan, (1-mo. CME Term SOFR at <br> 0.75% Floor + 6.00%), 9.67%, 03/01/28<br>|  | 27 | &nbsp;&nbsp; 27235 |
| &nbsp;&nbsp;&nbsp; LogicMonitor, Inc., 2024 Term Loan, (3-mo. CME Term <br> SOFR at 0.75% Floor + 5.50%), 9.17%, 11/19/31<sup>(d)</sup><br>|  | 200 | &nbsp;&nbsp; 195240 |
| &nbsp;&nbsp;&nbsp; Madison Logic Holdings, Inc., Term Loan, (1-mo. CME <br> Term SOFR at 1.00% Floor + 7.00%), 10.77%, <br> 12/30/28<sup>(d)</sup><br>|  | 89 | &nbsp;&nbsp; 76404 |
| &nbsp;&nbsp;&nbsp; Magenta Security Holdings LLC, 2024 Super Priority Term <br> Loan, (3-mo. CME Term SOFR at 1.00% Floor + <br> 6.25%), 9.92%, 07/27/28<br>|  | 4069 | &nbsp;&nbsp; 4020301 |
| &nbsp;&nbsp;&nbsp; Oak Purchaser, Inc., Revolver, (3-mo. CME Term SOFR at <br> 0.75% Floor + 5.50%), 11.25%, 05/31/28<sup>(d)</sup><br>|  | 19 | &nbsp;&nbsp; 19074 |
| &nbsp;&nbsp;&nbsp; Persado, Inc., Term Loan, (1-mo. CME Term SOFR at <br> 1.80% Floor + 7.50%), 11.17%, 06/10/27<sup>(d)</sup><br>|  | 74 | &nbsp;&nbsp; 80487 |
| &nbsp;&nbsp;&nbsp; Pluralsight, Inc., 2024 First Priority Term Loan, (1-mo. <br> CME Term SOFR at 1.00% Floor + 3.00% and 1.50% <br> PIK), 8.17%, 08/22/29<sup>(d)(h)</sup><br>|  | 425 | &nbsp;&nbsp; 425073 |
| &nbsp;&nbsp;&nbsp; Project Alpha Intermediate Holding, Inc., 2024 1st Lien <br> Term Loan B, (3-mo. CME Term SOFR at 0.50% Floor <br> + 3.25%), 6.95%, 10/26/30<br>|  | 1426 | &nbsp;&nbsp; 1074419 |
| &nbsp;&nbsp;&nbsp; Research Now Group LLC, 2024 First Lien Second Out <br> Term Loan, (3-mo. CME Term SOFR at 1.00% Floor + <br> 5.50%), 9.41%, 10/15/28<br>|  | 5679 | &nbsp;&nbsp; 2867742 |
| &nbsp;&nbsp;&nbsp; Rocket Software, Inc., 2023 USD Term Loan B, (1-mo. <br> CME Term SOFR at 0.50% Floor + 3.75%), 7.42%, <br> 11/28/28<br>|  | 3821 | &nbsp;&nbsp; 3638668 |
| &nbsp;&nbsp;&nbsp; Sedgwick Claims Management Services, Inc., 2023 Term <br> Loan B, (1-mo. CME Term SOFR at 0.00% Floor + <br> 2.50%), 6.17%, 07/31/31<br>|  | 1492 | &nbsp;&nbsp; 1463438 |
| &nbsp;&nbsp;&nbsp; Serrano Parent LLC, Term Loan, (3-mo. CME Term SOFR <br> at 1.00% Floor + 6.50%), 10.16%, 05/13/30<sup>(d)</sup><br>|  | 90 | &nbsp;&nbsp; 82667 |
| &nbsp;&nbsp;&nbsp; Skopima Merger Sub, Inc., 2024 Repriced Term Loan, <br> (1-mo. CME Term SOFR at 0.50% Floor + 3.75%), <br> 7.42%, 05/12/28<br>|  | 2491 | &nbsp;&nbsp; 1939038 |
| &nbsp;&nbsp;&nbsp; SMX Group LLC, Term Loan, (1-mo. CME Term SOFR at <br> 0.00% Floor + 4.50%), 8.17%, 02/06/32<br>|  | 2444 | &nbsp;&nbsp; 2403320 |
| &nbsp;&nbsp;&nbsp; SonicWall U.S. Holdings, Inc., 2023 Term Loan, (3-mo. <br> CME Term SOFR at 0.50% Floor + 5.00%), 8.70%, <br> 05/18/28<br>|  | 216 | &nbsp;&nbsp; 63562 |
| &nbsp;&nbsp;&nbsp; Suited Connector LLC, Revolver, (3-mo. CME Term SOFR <br> at 1.00% Floor + 8.00%), 11.84%, 12/01/27<sup>(d)</sup><br>|  | 901 | &nbsp;&nbsp; 900652 |
| Trading Tech International, Inc.<sup>(d)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Delayed Draw Term Loan, (3-mo. CME Term SOFR at <br> 0.50% Floor + 4.25%), 7.91%, 11/04/32<br>|  | 911 | &nbsp;&nbsp; 899687 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Term Loan, (3-mo. CME Term SOFR at 0.50% Floor + <br> 4.25%), 7.91%, 11/04/32<br>|  | 2732 | &nbsp;&nbsp; 2699060 |
|  |  |  | &nbsp;&nbsp; 40122936 |
| **Leisure Products — 0.3%** | **Leisure Products — 0.3%** | **Leisure Products — 0.3%** | **Leisure Products — 0.3%** |
| &nbsp;&nbsp;&nbsp; GSM Holdings, Inc., 2024 Term Loan B, (3-mo. CME Term <br> SOFR at 1.00% Floor + 5.00%), 8.70%, 09/30/31<br>|  | 1470 | &nbsp;&nbsp; 1454819 |

---

------

Consolidated Schedule of Investments (unaudited)(continued)

March 31, 2026

**BlackRock HPS Credit Strategies Fund**

**(Percentages shown are based on Net Assets)**

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Life Sciences Tools & Services — 0.7%** | **Life Sciences Tools & Services — 0.7%** | **Life Sciences Tools & Services — 0.7%** | **Life Sciences Tools & Services — 0.7%** |
| &nbsp;&nbsp;&nbsp; WCG Intermediate Corp., 2026 Term Loan B, (1-mo. CME <br> Term SOFR at 0.00% Floor + 2.75%), 6.42%, 02/25/32<br>| USD | 4100 | &nbsp;&nbsp; $3989054 |
| **Machinery — 1.8%** | **Machinery — 1.8%** | **Machinery — 1.8%** | **Machinery — 1.8%** |
| &nbsp;&nbsp;&nbsp; Filtration Group Corp., 2025 USD Term Loan, (1-mo. CME <br> Term SOFR at 0.50% Floor + 2.50%), 6.17%, 10/21/28<br>|  | 145 | &nbsp;&nbsp; 144862 |
| &nbsp;&nbsp;&nbsp; LSF12 Helix Parent LLC, USD Term Loan B, (1-mo. CME <br> Term SOFR at 0.00% Floor + 3.50%), 7.17%, 02/10/33<br>|  | 4393 | &nbsp;&nbsp; 4329031 |
| &nbsp;&nbsp;&nbsp; PECF USS Intermediate Holding III Corp., 2026 Term <br> Loan, (3-mo. CME Term SOFR at 2.00% Floor + <br> 7.50%), 11.17%, 03/03/33<br>|  | 8 | &nbsp;&nbsp; 7569 |
| Sonny's Enterprises LLC<sup>(d)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 Restatement Date Term Loan, (3-mo. CME Term <br> SOFR at 1.00% Floor + 5.50%), 9.31%, 08/05/28<br>|  | 3747 | &nbsp;&nbsp; 3601315 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 1st Amendment Delayed Draw Term Loan, (3-mo. <br> CME Term SOFR at 1.00% Floor + 5.50%), 9.32%, <br> 08/05/28<br>|  | 92 | &nbsp;&nbsp; 88914 |
| &nbsp;&nbsp;&nbsp; TK Elevator U.S. Newco, Inc., 2025 USD Term Loan B, <br> (6-mo. CME Term SOFR at 0.50% Floor + 2.75%), <br> 6.38%, 04/30/30<br>|  | 1343 | &nbsp;&nbsp; 1344844 |
|  |  |  | &nbsp;&nbsp; 9516535 |
| **Media — 2.4%** | **Media — 2.4%** | **Media — 2.4%** | **Media — 2.4%** |
| &nbsp;&nbsp;&nbsp; Altice France SA, 2025 USD Term Loan B14, (3-mo. CME <br> Term SOFR at 0.00% Floor + 6.88%), 10.55%, <br> 05/31/31<br>|  | 4932 | &nbsp;&nbsp; 4935353 |
| &nbsp;&nbsp;&nbsp; CMG Media Corp., 2024 Term Loan, (3-mo. CME Term <br> SOFR at 0.00% Floor + 3.60%), 7.30%, 06/18/29<br>|  | 1505 | &nbsp;&nbsp; 1405963 |
| &nbsp;&nbsp;&nbsp; Coral-U.S. Co-Borrower LLC, 2021 Term Loan B6, (1-mo. <br> CME Term SOFR at 0.00% Floor + 3.00%), 6.79%, <br> 10/15/29<br>|  | 2842 | &nbsp;&nbsp; 2820822 |
| &nbsp;&nbsp;&nbsp; CSC Holdings LLC, 2019 Term Loan B5, (Prime + 1.50%), <br> 8.25%, 04/15/27<br>|  | 132 | &nbsp;&nbsp; 115991 |
| MSM Acquisitions, Inc.<sup>(d)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 Delayed Draw Term Loan, (3-mo. CME Term <br> SOFR at 1.00% Floor + 6.00%), 9.67%, 12/09/26<br>|  | 83 | &nbsp;&nbsp; 58010 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Delayed Draw Term Loan, (3-mo. CME Term SOFR at <br> 1.00% Floor + 6.00%), 9.67%, 12/09/26<br>|  | 357 | &nbsp;&nbsp; 249889 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Revolver, (3-mo. CME Term SOFR + 6.00%), 9.67%, <br> 12/09/26<br>|  | 150 | &nbsp;&nbsp; 104782 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Term Loan, (3-mo. CME Term SOFR at 1.00% Floor + <br> 6.00%), 9.67%, 12/09/26<br>|  | 1083 | &nbsp;&nbsp; 757917 |
| &nbsp;&nbsp;&nbsp; NEP Group, Inc., 2025 Term Loan B, (1-mo. CME Term <br> SOFR at 0.00% Floor + 4.50%), 8.17%, 10/17/31<br>|  | 2522 | &nbsp;&nbsp; 2274961 |
| Streamland Media Midco LLC<sup>(d)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 2nd Amendment First Out Delayed Draw TL, (3-<br> mo. CME Term SOFR at 1.00% Floor + 4.50%), <br> 8.29%, 04/02/29<br>|  | 7 | &nbsp;&nbsp; 6684 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 2nd Amendment First Out Term Loan, (3-mo. <br> CME Term SOFR at 1.00% Floor + 4.50% and <br> 1.00% PIK), 9.46%, 04/02/29<sup>(h)</sup><br>|  | 31 | &nbsp;&nbsp; 31264 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 2nd Amendment Last Out Term Loan, 0.00%, <br> 04/02/29<sup>(l)</sup><br>|  | 28 | &nbsp;&nbsp; 9253 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 Revolver, (3-mo. CME Term SOFR at 1.00% <br> Floor + 5.50%), 9.46%, 04/02/29<br>|  | 5 | &nbsp;&nbsp; 4494 |
|  |  |  | &nbsp;&nbsp; 12775383 |
| **Metals & Mining — 0.5%** | **Metals & Mining — 0.5%** | **Metals & Mining — 0.5%** | **Metals & Mining — 0.5%** |
| &nbsp;&nbsp;&nbsp; Trulite Glass & Aluminum Solutions LLC, Term Loan, (3-<br> mo. CME Term SOFR at 1.00% Floor + 6.00%), 9.66%, <br> 03/01/30<sup>(d)</sup><br>|  | 2827 | &nbsp;&nbsp; 2601190 |

---

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Multi-Utilities — 0.0%** | **Multi-Utilities — 0.0%** | **Multi-Utilities — 0.0%** | **Multi-Utilities — 0.0%** |
| &nbsp;&nbsp;&nbsp; GFL ES US LLC, 2025 Term Loan B, (3-mo. CME Term <br> SOFR at 0.00% Floor + 2.50%), 6.17%, 03/03/32<br>| USD | 119 | &nbsp;&nbsp; $119326 |
| **Oil, Gas & Consumable Fuels — 1.0%** | **Oil, Gas & Consumable Fuels — 1.0%** | **Oil, Gas & Consumable Fuels — 1.0%** | **Oil, Gas & Consumable Fuels — 1.0%** |
| &nbsp;&nbsp;&nbsp; Freeport LNG Investments, LLLP, 2026 Term Loan B, <br> (3-mo. CME Term SOFR at 0.00% Floor + 3.25%), <br> 6.89%, 02/11/33<br>|  | 2934 | &nbsp;&nbsp; 2931394 |
| &nbsp;&nbsp;&nbsp; Par Petroleum LLC, 2025 Term Loan B, (3-mo. CME Term <br> SOFR at 0.50% Floor + 3.25%), 6.93%, 02/28/30<br>|  | 1468 | &nbsp;&nbsp; 1467362 |
| &nbsp;&nbsp;&nbsp; Prairie ECI Acquiror LP, 2026 Repriced Term Loan B, <br> (1-mo. CME Term SOFR at 0.00% Floor + 3.25%), <br> 6.92%, 08/01/29<br>|  | 1044 | &nbsp;&nbsp; 1044592 |
|  |  |  | &nbsp;&nbsp; 5443348 |
| **Paper & Forest Products — 0.0%** | **Paper & Forest Products — 0.0%** | **Paper & Forest Products — 0.0%** | **Paper & Forest Products — 0.0%** |
| &nbsp;&nbsp;&nbsp; FSK Pallet Holding Corp., Term Loan, (3-mo. CME Term <br> SOFR + 6.75%), 10.55%, 12/23/26<sup>(d)</sup><br>|  | 91 | &nbsp;&nbsp; 90088 |
| **Passenger Airlines — 0.2%** | **Passenger Airlines — 0.2%** | **Passenger Airlines — 0.2%** | **Passenger Airlines — 0.2%** |
| &nbsp;&nbsp;&nbsp; JetBlue Airways Corp., 2024 Term Loan B, (3-mo. CME <br> Term SOFR at 0.50% Floor + 4.75%), 8.44%, 08/27/29<br>|  | 1474 | &nbsp;&nbsp; 1337304 |
| **Pharmaceuticals — 2.9%** | **Pharmaceuticals — 2.9%** | **Pharmaceuticals — 2.9%** | **Pharmaceuticals — 2.9%** |
| &nbsp;&nbsp;&nbsp; Advarra Holdings, Inc., 2025 Incremental Term Loan, (1-<br> mo. CME Term SOFR at 0.75% Floor + 4.50%), 8.17%, <br> 09/15/31<sup>(d)</sup><br>|  | 6064 | &nbsp;&nbsp; 6124290 |
| Alcami Corp.<sup>(d)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 Delayed Draw Term Loan, (1-mo. CME Term <br> SOFR at 1.00% Floor + 7.00%), 10.77%, 12/21/28<br>|  | 5 | &nbsp;&nbsp; 5073 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 Revolver, (1-mo. CME Term SOFR at 1.00% <br> Floor + 7.00%), 10.78%, 12/21/28<br>|  | 3 | &nbsp;&nbsp; 2968 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 Term Loan, (3-mo. CME Term SOFR at 1.00% <br> Floor + 7.00%), 10.82%, 12/21/28<br>|  | 69 | &nbsp;&nbsp; 68918 |
| &nbsp;&nbsp;&nbsp; Amneal Pharmaceuticals LLC, 2026 Term Loan, (1-mo. <br> CME Term SOFR at 0.50% Floor + 3.00%), 6.67%, <br> 08/01/32<br>|  | 1358 | &nbsp;&nbsp; 1361545 |
| &nbsp;&nbsp;&nbsp; Endo Finance Holdings, Inc., 2024 1st Lien Term Loan, <br> (1-mo. CME Term SOFR at 0.50% Floor + 3.75%), <br> 7.42%, 04/23/31<br>|  | 1522 | &nbsp;&nbsp; 1512684 |
| &nbsp;&nbsp;&nbsp; Gainwell Acquisition Corp., 2nd Lien Term Loan, (3-mo. <br> CME Term SOFR at 1.00% Floor + 8.00%), 11.75%, <br> 10/02/28<sup>(d)</sup><br>|  | 994 | &nbsp;&nbsp; 948087 |
| &nbsp;&nbsp;&nbsp; Pathway Vet Alliance LLC, 2025 Tranche A Term Loan A, <br> (3-mo. CME Term SOFR at 1.00% Floor + 5.00%), <br> 8.67%, 06/30/28<br>|  | 5609 | &nbsp;&nbsp; 5525259 |
|  |  |  | &nbsp;&nbsp; 15548824 |
| **Professional Services — 5.0%** | **Professional Services — 5.0%** | **Professional Services — 5.0%** | **Professional Services — 5.0%** |
| &nbsp;&nbsp;&nbsp; Applause App Quality, Inc., 2024 7th Amendment <br> Refinancing Revolver, (3-mo. CME Term SOFR at <br> 1.50% Floor + 5.75%), 9.40%, 10/24/29<sup>(d)</sup><br>|  | 1 | &nbsp;&nbsp; 793 |
| Bullhorn, Inc.<sup>(d)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2019 Revolver, (1-mo. CME Term SOFR at 1.00% <br> Floor + 5.00%), 8.67%, 10/01/29<br>|  | 37 | &nbsp;&nbsp; 35571 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2020 Term Loan, (1-mo. CME Term SOFR at 1.00% <br> Floor + 5.00%), 8.67%, 10/01/29<br>|  | 4064 | &nbsp;&nbsp; 3982711 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 8th Amendment Delayed Draw Term Loan 1, (1-<br> mo. CME Term SOFR at 1.00% Floor + 0.00%), <br> 8.67%, 10/01/29<br>|  | 544 | &nbsp;&nbsp; 532688 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 8th Amendment Delayed Draw Term Loan 2, (1-<br> mo. CME Term SOFR at 1.00% Floor + 5.00%), <br> 8.67%, 10/01/29<br>|  | 63 | &nbsp;&nbsp; 61492 |

---

Consolidated Schedule of Investments

------

Consolidated Schedule of Investments (unaudited)(continued)

March 31, 2026

**BlackRock HPS Credit Strategies Fund**

**(Percentages shown are based on Net Assets)**

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Professional Services (continued)** | **Professional Services (continued)** | **Professional Services (continued)** | **Professional Services (continued)** |
| Chronicle Bidco, Inc.<sup>(d)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 Delayed Draw Term Loan, (3-mo. CME Term <br> SOFR at 1.00% Floor + 5.00%), 8.67%, 04/15/31<br>| USD | 47 | &nbsp;&nbsp; $46124 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan, (3-mo. CME Term SOFR at 1.00% <br> Floor + 5.00%), 8.67%, 04/15/31<br>|  | 1091 | &nbsp;&nbsp; 1074858 |
| &nbsp;&nbsp;&nbsp; Compsych Investments Corp., 2024 Term Loan, (3-mo. <br> CME Term SOFR at 0.75% Floor + 4.75%), 8.42%, <br> 07/22/31<sup>(d)</sup><br>|  | 3267 | &nbsp;&nbsp; 3299317 |
| &nbsp;&nbsp;&nbsp; CoreLogic, Inc., Term Loan, (1-mo. CME Term SOFR at <br> 0.50% Floor + 3.61%), 7.28%, 06/02/28<br>|  | 92 | &nbsp;&nbsp; 88261 |
| &nbsp;&nbsp;&nbsp; DTI Holdco, Inc., 2025 Term Loan B, (1-mo. CME Term <br> SOFR at 0.75% Floor + 4.00%), 7.65%, 04/26/29<br>|  | 6414 | &nbsp;&nbsp; 5516255 |
| &nbsp;&nbsp;&nbsp; Employ, Inc., Term Loan, (3-mo. CME Term SOFR at <br> 0.00% Floor + 7.50%), 11.17%, 08/07/28<sup>(d)</sup><br>|  | 250 | &nbsp;&nbsp; 213147 |
| HSI Halo Acquisition, Inc.<sup>(d)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 Delayed Draw Term Loan, (3-mo. CME Term <br> SOFR at 0.75% Floor + 5.00%), 8.67%, 06/30/31<br>|  | 205 | &nbsp;&nbsp; 200756 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan, (3-mo. CME Term SOFR at 0.75% <br> Floor + 5.00%), 8.67%, 06/30/31<br>|  | 2283 | &nbsp;&nbsp; 2237367 |
| Job & Talent USA, Inc.<sup>(d)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3rd Incremental Term Loan, (1-mo. CME Term SOFR at <br> 1.00% Floor + 6.75%), 10.42%, 10/13/28<br>|  | 2055 | &nbsp;&nbsp; 1981194 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Delayed Draw Term Loan, (1-mo. CME Term SOFR at <br> 1.00% Floor + 6.75%), 10.42%, 10/13/28<br>|  | 514 | &nbsp;&nbsp; 495299 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Initial Term Loan, (1-mo. CME Term SOFR at 1.00% <br> Floor + 6.75%), 10.42%, 10/13/28<br>|  | 1541 | &nbsp;&nbsp; 1485896 |
| &nbsp;&nbsp;&nbsp; KUEHG Corp., 2025 Term Loan, (3-mo. CME Term SOFR <br> at 0.50% Floor + 2.75%), 6.45%, 06/12/30<br>|  | 1007 | &nbsp;&nbsp; 897159 |
| &nbsp;&nbsp;&nbsp; Pueblo Mechanical and Controls LLC, 2022 Revolver, <br> (1-mo. CME Term SOFR at 0.75% Floor + 5.00%), <br> 8.68%, 08/23/27<sup>(d)</sup><br>|  | 39 | &nbsp;&nbsp; 38842 |
| Security Services Acquisition Sub Corp.<sup>(d)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 12th Amendment Term Loan A, (1-mo. CME Term <br> SOFR at 1.00% Floor + 5.75%), 9.52%, 09/30/27<br>|  | 923 | &nbsp;&nbsp; 915661 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan, (1-mo. CME Term SOFR at 1.00% <br> Floor + 5.75%), 9.52%, 09/30/27<br>|  | 1831 | &nbsp;&nbsp; 1816460 |
| &nbsp;&nbsp;&nbsp; Vensure Employer Services, Inc., 2024 Term Loan, (3-mo. <br> CME Term SOFR at 0.50% Floor + 5.00%), 8.70%, <br> 09/29/31<sup>(d)</sup><br>|  | 96 | &nbsp;&nbsp; 95949 |
| &nbsp;&nbsp;&nbsp; Zelis Payments Buyer, Inc., 5th Amendment Term Loan, <br> (1-mo. CME Term SOFR at 0.00% Floor + 3.25%), <br> 6.92%, 11/26/31<br>|  | 1368 | &nbsp;&nbsp; 1321463 |
|  |  |  | &nbsp;&nbsp; 26337263 |
| **Real Estate Management & Development**<sup>(d)</sup> **— 1.0%** | **Real Estate Management & Development**<sup>(d)</sup> **— 1.0%** | **Real Estate Management & Development**<sup>(d)</sup> **— 1.0%** | **Real Estate Management & Development**<sup>(d)</sup> **— 1.0%** |
| &nbsp;&nbsp;&nbsp; 1475 Holdings LLC, Revolver, (3-mo. CME Term SOFR at <br> 0.75% Floor + 5.25%), 8.92%, 01/18/30<br>|  | 3 | &nbsp;&nbsp; 2837 |
| Greystone Affordable Housing Initiatives LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 Term Loan, (1-mo. CME Term SOFR at 1.25% <br> Floor + 6.50%), 10.28%, 03/08/27<br>|  | 1636 | &nbsp;&nbsp; 1626223 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Delayed Draw Term Loan, (6-mo. CME Term SOFR at <br> 1.25% Floor + 6.00%), 10.06%, 03/02/27<br>|  | 2800 | &nbsp;&nbsp; 2744000 |
| &nbsp;&nbsp;&nbsp; HowlCo LLC, 2021 1st Amendment Term Loan, (3-mo. <br> CME Term SOFR at 1.00% Floor + 3.00% and 3.50% <br> PIK), 10.33%, 10/22/27<sup>(h)</sup><br>|  | 1183 | &nbsp;&nbsp; 1142032 |
|  |  |  | &nbsp;&nbsp; 5515092 |

---

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Semiconductors & Semiconductor Equipment**<sup>(d)(l)</sup> **— 0.2%** | **Semiconductors & Semiconductor Equipment**<sup>(d)(l)</sup> **— 0.2%** | **Semiconductors & Semiconductor Equipment**<sup>(d)(l)</sup> **— 0.2%** | **Semiconductors & Semiconductor Equipment**<sup>(d)(l)</sup> **— 0.2%** |
| &nbsp;&nbsp;&nbsp; Emerald Electronics Manufacturing Services, Term Loan, <br> 0.00%, 12/29/27<br>| USD | 1343 | &nbsp;&nbsp; $671410 |
| &nbsp;&nbsp;&nbsp; Emerald Technologies U.S. Acquisitionco, Inc., Revolver, <br> (3-mo. CME Term SOFR + 6.00%), 9.94%, 10/01/29<br>|  | 516 | &nbsp;&nbsp; 254291 |
|  |  |  | &nbsp;&nbsp; 925701 |
| **Software — 10.3%** | **Software — 10.3%** | **Software — 10.3%** | **Software — 10.3%** |
| &nbsp;&nbsp;&nbsp; Alphasense, Inc., 2024 Term Loan, (3-mo. CME Term <br> SOFR at 2.00% Floor + 6.25%), 9.95%, 06/27/29<sup>(d)</sup><br>|  | 4167 | &nbsp;&nbsp; 4122612 |
| &nbsp;&nbsp;&nbsp; Avalara, Inc., 2025 Term Loan, (3-mo. CME Term SOFR <br> at 0.00% Floor + 2.75%), 6.45%, 03/26/32<br>|  | 46 | &nbsp;&nbsp; 44652 |
| &nbsp;&nbsp;&nbsp; Boxer Parent Co., Inc., 2025 USD Term Loan B, <br> 07/30/31<sup>(n)</sup><br>|  | 799 | &nbsp;&nbsp; 739179 |
| Clever Devices Ltd.<sup>(d)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Revolver, (1-mo. CME Term SOFR at 1.00% Floor + <br> 6.00%), 9.67%, 06/12/30<br>|  | 443 | &nbsp;&nbsp; 437911 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Term Loan, (1-mo. CME Term SOFR at 1.00% Floor + <br> 6.00%), 9.67%, 06/12/30<br>|  | 2617 | &nbsp;&nbsp; 2588052 |
| &nbsp;&nbsp;&nbsp; Clover Holdings 2 LLC, Term Loan B, (1-mo. CME Term <br> SOFR at 0.00% Floor + 4.00%), 7.68%, 12/09/31<br>|  | 179 | &nbsp;&nbsp; 171367 |
| &nbsp;&nbsp;&nbsp; CoreLogic, Inc., 2nd Lien Term Loan, (1-mo. CME Term <br> SOFR + 6.61%), 10.28%, 06/04/29<br>|  | 30 | &nbsp;&nbsp; 27881 |
| DNAnexus, Inc.<sup>(d)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 Delayed Draw Term Loan, (1-mo. CME Term <br> SOFR at 0.00% Floor + 5.25%), 8.93%, 12/18/29<br>|  | 5 | &nbsp;&nbsp; 4960 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan, (1-mo. CME Term SOFR at 0.00% <br> Floor + 5.25%), 8.93%, 12/18/29<br>|  | 25 | &nbsp;&nbsp; 24800 |
| Docupace Technologies LLC<sup>(d)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Delayed Draw Term Loan B, (3-mo. CME Term SOFR + <br> 5.75%), 9.45%, 07/15/30<br>|  | 449 | &nbsp;&nbsp; 436056 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Term Loan, (3-mo. CME Term SOFR + 5.75%), <br> 10.20%, 07/15/30<br>|  | 2064 | &nbsp;&nbsp; 2005859 |
| &nbsp;&nbsp;&nbsp; Doughlas Holdings, Inc., PIK Delayed Draw Term Loan, <br> (3-mo. CME Term SOFR + 6.50%), 10.20%, <br> 07/15/30<sup>(d)(h)</sup><br>|  | 252 | &nbsp;&nbsp; 245451 |
| &nbsp;&nbsp;&nbsp; Emburse, Inc., Term Loan, (3-mo. CME Term SOFR at <br> 0.75% Floor + 4.25%), 7.95%, 05/28/32<sup>(d)</sup><br>|  | 3684 | &nbsp;&nbsp; 3721053 |
| Firstup, Inc.<sup>(d)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Amendment No. 2 Term Loan, (3-mo. CME Term SOFR <br> + 6.75%), 10.45%, 07/13/27<br>|  | 428 | &nbsp;&nbsp; 395033 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Term Loan, (3-mo. CME Term SOFR + 6.75%), <br> 10.45%, 07/13/27<br>|  | 4164 | &nbsp;&nbsp; 3843392 |
| &nbsp;&nbsp;&nbsp; Genesys Cloud Services, Inc., 2025 USD Term Loan B, <br> (1-mo. CME Term SOFR at 0.00% Floor + 2.50%), <br> 6.17%, 01/30/32<br>|  | 1200 | &nbsp;&nbsp; 1146781 |
| &nbsp;&nbsp;&nbsp; HS Purchaser, LLC, 2025 1st Lien Term Loan, (3-mo. <br> CME Term SOFR at 2.00% Floor + 6.00%), 9.76%, <br> 05/21/29<br>|  | 3842 | &nbsp;&nbsp; 3299235 |
| &nbsp;&nbsp;&nbsp; Integratecom, Inc., Term Loan, (3-mo. CME Term SOFR <br> at 1.00% Floor + 6.00%), 10.60%, 12/15/27<sup>(d)</sup><br>|  | 1633 | &nbsp;&nbsp; 1534786 |
| &nbsp;&nbsp;&nbsp; Johnstone Supply LLC, 2026 Term Loan B, (1-mo. CME <br> Term SOFR at 0.00% Floor + 2.25%), 5.91%, 06/09/31<br>|  | 2154 | &nbsp;&nbsp; 2137498 |
| Kaseya, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 1st Lien Term Loan B, (1-mo. CME Term SOFR at <br> 0.00% Floor + 3.25%), 6.92%, 03/22/32<br>|  | 2722 | &nbsp;&nbsp; 2534887 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 2nd Lien Term Loan B, (1-mo. CME Term SOFR <br> at 0.00% Floor + 5.00%), 8.67%, 03/21/33<br>|  | 1473 | &nbsp;&nbsp; 1165123 |
| &nbsp;&nbsp;&nbsp; Lightspeed Solution LLC, Term Loan, (1-mo. CME Term <br> SOFR at 0.75% Floor + 6.00%), 9.67%, 03/01/28<sup>(d)</sup><br>|  | 417 | &nbsp;&nbsp; 412935 |
| &nbsp;&nbsp;&nbsp; Mitchell International, Inc., 2026 Term Loan, (1-mo. CME <br> Term SOFR at 0.50% Floor + 3.00%), 6.67%, 06/17/31<br>|  | 1362 | &nbsp;&nbsp; 1295871 |

---

------

Consolidated Schedule of Investments (unaudited)(continued)

March 31, 2026

**BlackRock HPS Credit Strategies Fund**

**(Percentages shown are based on Net Assets)**

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Software (continued)** | **Software (continued)** | **Software (continued)** | **Software (continued)** |
| Oak Purchaser, Inc.<sup>(d)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan, (3-mo. CME Term SOFR at 0.75% <br> Floor + 5.25%), 9.24%, 05/31/28<br>| USD | 262 | &nbsp;&nbsp; $258521 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Delayed Draw Term Loan, (3-mo. CME Term SOFR at <br> 0.75% Floor + 5.50%), 9.24%, 05/31/28<br>|  | 1439 | &nbsp;&nbsp; 1430519 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Term Loan, (3-mo. CME Term SOFR at 0.75% Floor + <br> 5.50%), 9.24%, 05/31/28<br>|  | 2159 | &nbsp;&nbsp; 2145778 |
| Oceankey U.S. II Corp., 2021 Term Loan, 12/15/28<sup>(n)</sup> |  | 2182 | &nbsp;&nbsp; 2045937 |
| &nbsp;&nbsp;&nbsp; Ping Identity Corp., 2025 Term Loan, (1-mo. CME Term <br> SOFR at 0.00% Floor + 2.75%), 6.42%, 11/15/32<sup>(d)</sup><br>|  | 610 | &nbsp;&nbsp; 601686 |
| &nbsp;&nbsp;&nbsp; Pluralsight, Inc., 2024 Term Loan, (1-mo. CME Term <br> SOFR at 1.00% Floor + 3.00% and 1.50% PIK), 8.17%, <br> 08/22/29<sup>(d)(h)</sup><br>|  | 228 | &nbsp;&nbsp; 227648 |
| &nbsp;&nbsp;&nbsp; Proofpoint, Inc., 2025 Repriced Term Loan, (3-mo. CME <br> Term SOFR at 0.50% Floor + 3.00%), 6.70%, 08/31/28<br>|  | 2767 | &nbsp;&nbsp; 2674324 |
| &nbsp;&nbsp;&nbsp; Red Planet Borrower LLC, 2025 Term Loan B, (1-mo. <br> CME Term SOFR at 0.50% Floor + 4.00%), 7.67%, <br> 09/08/32<br>|  | 3056 | &nbsp;&nbsp; 2984428 |
| Spartan Bidco Pty. Ltd.<sup>(d)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Revolver, (3-mo. CME Term SOFR at 0.75% Floor + <br> 6.50%), 10.32%, 01/24/28<br>|  | 79 | &nbsp;&nbsp; 78177 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Term Loan, (3-mo. CME Term SOFR at 0.75% Floor + <br> 6.50%), 10.32%, 01/24/28<sup>(h)</sup><br>|  | 2099 | &nbsp;&nbsp; 2076903 |
| &nbsp;&nbsp;&nbsp; Storable Intermediate Holdings LLC, 2025 Term Loan B, <br> 04/16/31<sup>(n)</sup><br>|  | 449 | &nbsp;&nbsp; 427130 |
| &nbsp;&nbsp;&nbsp; Surf Holdings, LLC, 2025 Incremental Term Loan, (1-mo. <br> CME Term SOFR at 0.00% Floor + 3.50%), 7.27%, <br> 03/05/27<br>|  | 1550 | &nbsp;&nbsp; 1469124 |
| Thunder Purchaser, Inc.<sup>(d)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 Incremental Delayed Draw Term Loan, (3-mo. <br> CME Term SOFR at 1.00% Floor + 5.25%), 9.10%, <br> 06/30/28<br>|  | 685 | &nbsp;&nbsp; 673629 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 Refinancing Term Loan, (3-mo. CME Term SOFR <br> at 1.00% Floor + 5.25%), 9.10%, 06/30/28<br>|  | 3034 | &nbsp;&nbsp; 2982618 |
| &nbsp;&nbsp;&nbsp; Traack Technologies, Inc., Term Loan, (6-mo. CME Term <br> SOFR + 7.50%), 11.60%, 09/15/26<sup>(d)</sup><br>|  | 378 | &nbsp;&nbsp; 366978 |
| Zilliant, Inc.<sup>(d)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Delayed Draw Term Loan, (1-mo. CME Term SOFR at <br> 0.75% Floor + 6.00%), 9.77%, 12/21/27<sup>(h)</sup><br>|  | 328 | &nbsp;&nbsp; 213299 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Revolver, (1-mo. CME Term SOFR + 6.00%), 10.42%, <br> 12/21/27<br>|  | 148 | &nbsp;&nbsp; 96444 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Term Loan, (1-mo. CME Term SOFR at 0.75% Floor + <br> 6.00%), 9.77%, 12/21/27<sup>(h)</sup><br>|  | 1789 | &nbsp;&nbsp; 1164928 |
|  |  |  | &nbsp;&nbsp; 54253445 |
| **Specialty Retail — 3.1%** | **Specialty Retail — 3.1%** | **Specialty Retail — 3.1%** | **Specialty Retail — 3.1%** |
| &nbsp;&nbsp;&nbsp; Great Outdoors Group LLC, 2025 Term Loan B, (1-mo. <br> CME Term SOFR at 0.75% Floor + 3.25%), 6.92%, <br> 01/23/32<br>|  | 1466 | &nbsp;&nbsp; 1461477 |
| &nbsp;&nbsp;&nbsp; Hanna Andersson LLC, Term Loan, (3-mo. CME Term <br> SOFR at 1.00% Floor + 6.25%), 10.02%, 07/02/26<sup>(d)</sup><br>|  | 2879 | &nbsp;&nbsp; 2783751 |
| &nbsp;&nbsp;&nbsp; Michaels Cos., Inc., 2026 Term Loan B, (3-mo. CME Term <br> SOFR at 0.00% Floor + 5.00%), 8.67%, 03/15/33<br>|  | 1201 | &nbsp;&nbsp; 1162646 |
| &nbsp;&nbsp;&nbsp; Petco Health & Wellness Co., Inc., 2026 Term Loan B, <br> (3-mo. CME Term SOFR at 0.75% Floor + 4.25%), <br> 7.95%, 02/03/31<br>|  | 5369 | &nbsp;&nbsp; 5236440 |

---

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Specialty Retail (continued)** | **Specialty Retail (continued)** | **Specialty Retail (continued)** | **Specialty Retail (continued)** |
| &nbsp;&nbsp;&nbsp; Project Aurora US Finco, Inc., USD Term Loan, (3-mo. <br> CME Term SOFR at 0.00% Floor + 2.75%), 6.45%, <br> 12/06/32<br>| USD | 12 | &nbsp;&nbsp; $11970 |
| Pye-Barker Fire & Safety LLC |  |  |  |
| &nbsp;&nbsp;&nbsp; 2025 Delayed Draw Term Loan, 12/16/32<sup>(n)</sup> |  | 119 | &nbsp;&nbsp; 119271 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan, (3-mo. CME Term SOFR at 0.00% <br> Floor + 2.50%), 6.17%, 12/16/32<br>|  | 797 | &nbsp;&nbsp; 798198 |
| Sellerx<sup>(d)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 Revolver, (3-mo. CME Term SOFR + 5.00%), <br> 8.70%, 06/25/29<br>|  | 1219 | &nbsp;&nbsp; 1218489 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 Tranche A1 Term Loan, (3-mo. CME Term SOFR <br> + 9.00%), 12.70%, 12/31/28<br>|  | 792 | &nbsp;&nbsp; 581014 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 Tranche A2 Term Loan, (3-mo. CME Term SOFR <br> + 9.00%), 12.70%, 12/31/28<br>|  | 791 | &nbsp;&nbsp; 580675 |
| &nbsp;&nbsp;&nbsp; Staples, Inc., 2024 Term Loan B, (3-mo. CME Term SOFR <br> at 0.50% Floor + 5.75%), 9.41%, 09/04/29<br>|  | 1094 | &nbsp;&nbsp; 991947 |
| Supergoop LLC<sup>(d)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Revolver, (3-mo. CME Term SOFR + 5.75%), 9.51%, <br> 12/29/27<br>|  | 270 | &nbsp;&nbsp; 258046 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Term Loan, (3-mo. CME Term SOFR + 5.75%), 9.52%, <br> 12/29/28<br>|  | 1149 | &nbsp;&nbsp; 1096269 |
|  |  |  | &nbsp;&nbsp; 16300193 |
| **Technology Hardware, Storage & Peripherals — 0.8%** | **Technology Hardware, Storage & Peripherals — 0.8%** | **Technology Hardware, Storage & Peripherals — 0.8%** | **Technology Hardware, Storage & Peripherals — 0.8%** |
| &nbsp;&nbsp;&nbsp; Finastra USA, Inc., 2025 USD Term Loan, (3-mo. CME <br> Term SOFR at 0.00% Floor + 4.00%), 7.67%, 09/15/32<br>|  | 195 | &nbsp;&nbsp; 182812 |
| &nbsp;&nbsp;&nbsp; SumUp Holdings Luxembourg, 2024 Delayed Draw Term <br> Loan A, (3-mo. CME Term SOFR at 1.50% Floor + <br> 5.50%), 9.17%, 04/22/31<sup>(d)</sup><br>|  | 4000 | &nbsp;&nbsp; 4000000 |
|  |  |  | &nbsp;&nbsp; 4182812 |
| **Textiles, Apparel & Luxury Goods — 0.0%** | **Textiles, Apparel & Luxury Goods — 0.0%** | **Textiles, Apparel & Luxury Goods — 0.0%** | **Textiles, Apparel & Luxury Goods — 0.0%** |
| &nbsp;&nbsp;&nbsp; ABG Intermediate Holdings 2 LLC, 2025 Delayed Draw <br> Term Loan, (1-mo. CME Term SOFR at 0.00% Floor + <br> 2.25%), 5.92%, 02/13/32<br>|  | 30 | &nbsp;&nbsp; 29462 |
| **Trading Companies & Distributors — 0.0%** | **Trading Companies & Distributors — 0.0%** | **Trading Companies & Distributors — 0.0%** | **Trading Companies & Distributors — 0.0%** |
| &nbsp;&nbsp;&nbsp; TMK Hawk Parent Corp., 2024 Term Loan B, (1-mo. CME <br> Term SOFR at 1.00% Floor + 4.00% and % PIK), <br> 7.67%, 07/02/29<sup>(d)(h)</sup><br>|  | 42 | &nbsp;&nbsp; 19304 |
| **Transportation Infrastructure — 0.0%** | **Transportation Infrastructure — 0.0%** | **Transportation Infrastructure — 0.0%** | **Transportation Infrastructure — 0.0%** |
| &nbsp;&nbsp;&nbsp; OLA Netherlands BV, Term Loan, (1-mo. CME Term <br> SOFR at 0.75% Floor + 6.35%), 10.02%, 12/15/26<br>|  | 108 | &nbsp;&nbsp; 107295 |
| SIRVA Worldwide, Inc., 2024 Term Loan, 0.00%, 08/20/29 |  | — <br><sup>(m)</sup><br>| &nbsp;&nbsp; 2 |
|  |  |  | &nbsp;&nbsp; 107297 |
| **Wireless Telecommunication Services — 1.7%** | **Wireless Telecommunication Services — 1.7%** | **Wireless Telecommunication Services — 1.7%** | **Wireless Telecommunication Services — 1.7%** |
| &nbsp;&nbsp;&nbsp; Delta TopCo, Inc., 2025 Term Loan B, (3-mo. CME Term <br> SOFR at 0.00% Floor + 2.75%), 6.42%, 11/30/29<br>|  | 3222 | &nbsp;&nbsp; 3111648 |

---

Consolidated Schedule of Investments

------

Consolidated Schedule of Investments (unaudited)(continued)

March 31, 2026

**BlackRock HPS Credit Strategies Fund**

**(Percentages shown are based on Net Assets)**

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Wireless Telecommunication Services (continued)** | **Wireless Telecommunication Services (continued)** | **Wireless Telecommunication Services (continued)** | **Wireless Telecommunication Services (continued)** |
| &nbsp;&nbsp;&nbsp; Liberty Co. Insurance Brokers LLC, Term Loan B, (6-mo. <br> CME Term SOFR at 0.00% Floor + 3.75%), 7.38%, <br> 10/15/32<sup>(d)</sup><br>| USD | 1232 | &nbsp;&nbsp; $1180108 |
| &nbsp;&nbsp;&nbsp; OpenMarket, Inc., 2025 Refinancing Term Loan, (3-mo. <br> CME Term SOFR at 0.75% Floor + 5.50%), 9.20%, <br> 06/11/29<sup>(d)</sup><br>|  | 4876 | &nbsp;&nbsp; 4797694 |
|  |  |  | &nbsp;&nbsp; 9089450 |
| **Total Floating Rate Loan Interests — 90.6%** <br>**(Cost: $500,808,273)** | **Total Floating Rate Loan Interests — 90.6%** <br>**(Cost: $500,808,273)** | **Total Floating Rate Loan Interests — 90.6%** <br>**(Cost: $500,808,273)** | &nbsp;&nbsp; 479119529 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | <br>*Shares*<br>|  |
| **Investment Companies** | **Investment Companies** | **Investment Companies** |
| **Equity Funds — 0.3%** | **Equity Funds — 0.3%** |  |
| H-Food Holdings, LLC | 671 | &nbsp;&nbsp; 12414 |
| &nbsp;&nbsp;&nbsp; Igloo Parent Holdings LLC, (Acquired 05/09/25, Cost: <br> $1,770,617)<sup>(d)(f)(o)</sup><br>| 21 | &nbsp;&nbsp; 1763900 |
|  |  | &nbsp;&nbsp; 1776314 |
| **Total Investment Companies — 0.3%** <br>**(Cost: $1,778,277)** | **Total Investment Companies — 0.3%** <br>**(Cost: $1,778,277)** | &nbsp;&nbsp; 1776314 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | |
|:---|:---|:---|:---|
|  |  | *Par* <br>*(000)*<br>|  |
| **Preferred Securities** | **Preferred Securities** | **Preferred Securities** | **Preferred Securities** |
| **Capital Trusts — 0.1%**<sup>(a)</sup> | **Capital Trusts — 0.1%**<sup>(a)</sup> | **Capital Trusts — 0.1%**<sup>(a)</sup> | **Capital Trusts — 0.1%**<sup>(a)</sup> |
| **Electric Utilities — 0.0%** | **Electric Utilities — 0.0%** | **Electric Utilities — 0.0%** |  |
| Dominion Energy, Inc., 6.63%, 05/15/55 | USD | 10 | &nbsp;&nbsp; 10153 |
| **Pharmaceuticals — 0.1%** | **Pharmaceuticals — 0.1%** | **Pharmaceuticals — 0.1%** |  |
| Bayer AG, 5.38%, 03/25/82<sup>(g)</sup> | EUR | 400 | &nbsp;&nbsp; 460082 |
|  |  |  | &nbsp;&nbsp; 470235 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | <br>*Shares*<br>|  |
| **Preferred Stocks — 1.0%** | **Preferred Stocks — 1.0%** | **Preferred Stocks — 1.0%** |
| **Broadline Retail — 0.5%** | **Broadline Retail — 0.5%** |  |
| StubHub, Inc., Series K, 12/31/49<sup>(d)(e)</sup> | 3000 | &nbsp;&nbsp; 2522450 |
| **Construction Materials — 0.0%** | **Construction Materials — 0.0%** |  |
| Kellermeyer Bergensons Services LLC<sup>(d)(e)</sup> | 45118 | &nbsp;&nbsp; — |
| **Consumer Discretionary — 0.0%** | **Consumer Discretionary — 0.0%** |  |
| Sellerx, Series Z<sup>(d)(e)</sup> | 4707471 | &nbsp;&nbsp; 47 |
| **Consumer Finance — 0.0%** | **Consumer Finance — 0.0%** |  |
| &nbsp;&nbsp;&nbsp; WorldRemit Ltd., Series X, (Acquired 06/24/24, Cost: <br> $0)<sup>(d)(e)(f)</sup><br>| 136 | &nbsp;&nbsp; 16235 |
| **Ground Transportation — 0.0%** | **Ground Transportation — 0.0%** |  |
| Sirva BGRS Holdings, Inc., 07/21/30<sup>(e)</sup> | 8 | &nbsp;&nbsp; 1375 |

---

---

| | | |
|:---|:---|:---|
| *Security* | <br> *Shares*<br>| *Value* |
| **Insurance — 0.0%** | **Insurance — 0.0%** |  |
| &nbsp;&nbsp;&nbsp; Alliant Cali, Inc., (Acquired 09/24/24, Cost: $83,725), <br> 12/31/79<sup>(d)(f)</sup><br>| 85 | &nbsp;&nbsp; $84759 |
| **Interactive Media & Services**<sup>(d)(e)(f)</sup> **— 0.4%** | **Interactive Media & Services**<sup>(d)(e)(f)</sup> **— 0.4%** |  |
| &nbsp;&nbsp;&nbsp; ByteDance Ltd., Series E-1, (Acquired 11/11/20, Cost: <br> $681,004)<br>| 6215 | &nbsp;&nbsp; 1796321 |
| &nbsp;&nbsp;&nbsp; Streamland Media Holdings LLC, (Acquired 03/31/25, <br> Cost: $42,479)<br>| 264 | &nbsp;&nbsp; — |
|  |  | &nbsp;&nbsp; 1796321 |
| **IT Services**<sup>(d)</sup> **— 0.0%** | **IT Services**<sup>(d)</sup> **— 0.0%** |  |
| Suited Connector LLC<sup>(a)</sup> | 2377715 | &nbsp;&nbsp; 118788 |
| Veritas Newco<sup>(e)</sup> <br>|  |  |
| &nbsp;&nbsp;&nbsp; Series G | 219 | &nbsp;&nbsp; 4161 |
| &nbsp;&nbsp;&nbsp; Series G-1 | 161 | &nbsp;&nbsp; 3059 |
|  |  | &nbsp;&nbsp; 126008 |
| **Professional Services**<sup>(d)(e)(f)</sup> **— 0.1%** | **Professional Services**<sup>(d)(e)(f)</sup> **— 0.1%** |  |
| Job and Talent Holding Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; Series F-1, (Acquired 02/12/25, Cost: $213,159) | 16953 | &nbsp;&nbsp; 452900 |
| &nbsp;&nbsp;&nbsp; Series F-3, (Acquired 02/12/25, Cost: $0) | 1130 | &nbsp;&nbsp; 29082 |
|  |  | &nbsp;&nbsp; 481982 |
| **Specialty Retail**<sup>(d)(e)</sup> **— 0.0%** | **Specialty Retail**<sup>(d)(e)</sup> **— 0.0%** |  |
| Razor Group GMBH Priority 4 | 696280 | &nbsp;&nbsp; 7 |
| Razor Group GMBH Priority 5C | 2815464 | &nbsp;&nbsp; 28 |
|  |  | &nbsp;&nbsp; 35 |
|  |  | &nbsp;&nbsp; 5029212 |
| **Total Preferred Securities — 1.1%** <br>**(Cost: $6,160,742)** | **Total Preferred Securities — 1.1%** <br>**(Cost: $6,160,742)** | &nbsp;&nbsp; 5499447 |
| **Warrants** | **Warrants** | **Warrants** |
| **Capital Markets — 0.0%** | **Capital Markets — 0.0%** |  |
| &nbsp;&nbsp;&nbsp; Pico Quantitative Trade Holding LLC, (Acquired 02/07/20, <br> Cost: $—), (Issued 02/07/20, Expires 02/07/30)<sup>(c)(d)(e)(f)</sup><br>| 142 | &nbsp;&nbsp; 27180 |
| **Consumer Finance — 0.0%** | **Consumer Finance — 0.0%** |  |
| &nbsp;&nbsp;&nbsp; WorldRemit Ltd., Series D, (Issued/Exercisable 02/11/21, <br> 1,596 Shares for 1 Warrant, Expires 02/11/31, Strike <br> Price USD 37.59)<sup>(d)(e)</sup><br>| 1596 | &nbsp;&nbsp; 1309 |
| **Ground Transportation — 0.0%** | **Ground Transportation — 0.0%** |  |
| Motive Technologies, Inc.<sup>(d)(e)</sup> | 75000 | &nbsp;&nbsp; 73500 |
| **Interactive Media & Services — 0.0%** | **Interactive Media & Services — 0.0%** |  |
| &nbsp;&nbsp;&nbsp; Research Now, Inc., (Issued 07/15/24, Exercisable <br> 07/15/29, Expires 07/15/29, Strike Price USD <br> 37.72)<sup>(d)(e)</sup><br>| 2857 | &nbsp;&nbsp; 429 |

---

------

Consolidated Schedule of Investments (unaudited)(continued)

March 31, 2026

**BlackRock HPS Credit Strategies Fund**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | <br> *Shares*<br>| *Value* |
| **Software — 0.0%** | **Software — 0.0%** |  |
| &nbsp;&nbsp;&nbsp; Grey Orange, (Issued/Exercisable 05/06/22, 1 Share for <br> 1 Warrant, Expires 05/06/32, Strike Price USD <br> 28.93)<sup>(d)(e)</sup><br>| 460 | &nbsp;&nbsp; $92 |
| **Total Warrants — 0.0%** <br>**(Cost: $29)** | **Total Warrants — 0.0%** <br>**(Cost: $29)** | &nbsp;&nbsp; 102510 |
| **Total Long-Term Investments — 112.5%** <br>**(Cost: $621,689,749)** | **Total Long-Term Investments — 112.5%** <br>**(Cost: $621,689,749)** | &nbsp;&nbsp; 594734742 |
| **Short-Term Securities** | **Short-Term Securities** | **Short-Term Securities** |
| **Money Market Funds — 1.5%** | **Money Market Funds — 1.5%** |  |
| &nbsp;&nbsp;&nbsp; BlackRock Liquidity Funds, T-Fund, Institutional Class, <br> 3.55%<sup>(o)(p)</sup><br>| 8066721 | &nbsp;&nbsp; 8066721 |
| **Total Short-Term Securities — 1.5%** <br>**(Cost: $8,066,721)** | **Total Short-Term Securities — 1.5%** <br>**(Cost: $8,066,721)** | &nbsp;&nbsp; 8066721 |
| **Total Investments — 114.0%** <br>**(Cost: $629,756,470)** | **Total Investments — 114.0%** <br>**(Cost: $629,756,470)** | &nbsp;&nbsp; 602801463 |
| **Liabilities in Excess of Other Assets — (14.0)%** | **Liabilities in Excess of Other Assets — (14.0)%** | &nbsp;&nbsp; (73937026)<br>|
| **Net Assets — 100.0%** | **Net Assets — 100.0%** | &nbsp;&nbsp; $528864437 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> Variable rate security. Interest rate resets periodically. The rate shown is the effective interest rate as of period end. Security description also includes the reference rate and spread if published and available. 

<sup>(b)</sup> Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration to qualified institutional investors. 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(c)</sup> All or a portion of the security is held by a wholly-owned subsidiary.

<sup>(d)</sup> Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy. 

<sup>(e)</sup> Non-income producing security.

<sup>(f)</sup> Restricted security as to resale, excluding 144A securities. The Fund held restricted securities with a current value of $4,170,379, representing 0.8% of its net assets as of period end, and an original cost of $4,776,074. 

<sup>(g)</sup> This security may be resold to qualified foreign investors and foreign institutional buyers under Regulation S of the Securities Act of 1933. 

<sup>(h)</sup> Payment-in-kind security which may pay interest/dividends in additional par/shares and/or in cash. Rates shown are the current rate and possible payment rates. 

<sup>(i)</sup> Convertible security.

<sup>(j)</sup> Zero-coupon bond.

<sup>(k)</sup> Perpetual security with no stated maturity date.

<sup>(l)</sup> Issuer filed for bankruptcy and/or is in default.

<sup>(m)</sup> Rounds to less than 1,000.

<sup>(n)</sup> Represents an unsettled loan commitment at period end. Certain details associated with this purchase are not known prior to the settlement date, including coupon rate. 

<sup>(o)</sup> Affiliate of the Fund.

<sup>(p)</sup> Annualized 7-day yield as of period end.

For purposes of this report, industry and sector sub-classifications may differ from those utilized by the Fund for compliance purposes.

**Affiliates**

Investments in issuers considered to be affiliate(s) of the Fund during the period ended March 31, 2026 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| *Affiliated Issuer* | *Value at* <br>*12/31/25*<br>| *Purchases* <br>*at Cost*<br>| *Proceeds* <br>*from Sales*<br>| *Net* <br>*Realized* <br>*Gain (Loss)*<br>| *Change in* <br>*Unrealized* <br>*Appreciation* <br>*(Depreciation)*<br>| *Value at* <br>*03/31/26*<br>| *Shares* <br>*Held at* <br>*03/31/26*<br>| *Income* | *Capital Gain* <br>*Distributions* <br>*from* <br>*Underlying* <br>*Funds*<br>|
| BlackRock Liquidity Funds, T-Fund, Institutional Shares | $20588195 | $— | $(12521474 )<sup>(a)</sup><br>| &nbsp;&nbsp; $— | $— | $8066721 | 8066721 | $101579 | $— |
| Igloo Parent Holdings LLC | 1747103 |  |  | &nbsp;&nbsp; — | 16797 | 1763900 | 21 |  |  |
|  |  |  |  | &nbsp;&nbsp; $— | $16797 | $9830621 |  | $101579 | $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> Represents net amount purchased (sold).

**Derivative Financial Instruments Outstanding as of Period End**

**Forward Foreign Currency Exchange Contracts** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| *Currency Purchased* | *Currency Purchased* | *Currency Sold* | *Currency Sold* | *Counterparty* | *Settlement Date* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Unrealized* <br>*Appreciation* <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*(Depreciation)*<br>|
| EUR | 200000 | USD | 229410 | HSBC Bank PLC | 04/15/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $1902 |
| USD | 5025845 | EUR | 4340000 | Goldman Sachs International | 04/15/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6379 |
| USD | 733657 | GBP | 550000 | Bank of America N.A. | 04/15/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5693 |
|  |  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13974 |
| USD | 18459 | EUR | 16000 | Deutsche Bank AG | 06/17/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (100)<br>|
|  |  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $13874 |

---

Consolidated Schedule of Investments

------

Consolidated Schedule of Investments (unaudited)(continued)

March 31, 2026

**BlackRock HPS Credit Strategies Fund**

**Fair Value Hierarchy as of Period End**

Various inputs are used in determining the fair value of financial instruments at the measurement date. These inputs to valuation techniques are categorized into a fair value hierarchy consisting of three broad levels for financial reporting purposes as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 1 – Unadjusted price quotations in active markets/exchanges that the Fund has the ability to access for identical assets or liabilities;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 2 – Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 3 – Inputs that are unobservable and significant to the entire fair value measurement for the asset or liability (including the Valuation Committee's assumptions used in determining the fair value of financial instruments).

The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3. The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the fair value hierarchy classification is determined based on the lowest level input that is significant to the fair value measurement in its entirety. Investments classified within Level 3 have significant unobservable inputs used by the Valuation Committee in determining the price for Fair Valued Investments. Level 3 investments include equity or debt issued by privately held companies or funds that may not have a secondary market and/or may have a limited number of investors. The categorization of a value determined for financial instruments is based on the pricing transparency of the financial instruments and is not necessarily an indication of the risks associated with investing in those securities. For information about the Fund's policy regarding valuation of financial instruments, refer to its most recent financial statements.

The following table summarizes the Fund's financial instruments categorized in the fair value hierarchy. The breakdown of the Fund's financial instruments into major categories is disclosed in the Consolidated Schedule of Investments above.

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | *Level 1* | *Level 2* | *Level 3* | *Total* |
| Assets |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Investments  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Long-Term Investments  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Asset-Backed Securities | &nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $44013721 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $44013721 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Common Stocks  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Beverages | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Broadline Retail | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital Markets | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 22828 | &nbsp;&nbsp;&nbsp;&nbsp; 22828 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Construction & Engineering | &nbsp;&nbsp; 442 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 442 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Construction Materials | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Consumer Discretionary | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1 | &nbsp;&nbsp;&nbsp;&nbsp; 1 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Diversified Consumer Services | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 2 | &nbsp;&nbsp;&nbsp;&nbsp; 2 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Environmental, Maintenance & Security Service | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 91734 | &nbsp;&nbsp;&nbsp;&nbsp; 91734 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financial Services | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ground Transportation | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 22 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 22 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Health Care Providers & Services | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 21831 | &nbsp;&nbsp;&nbsp;&nbsp; 21831 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Industrial Conglomerates | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 8685 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 8685 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; IT Services | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 10297 | &nbsp;&nbsp;&nbsp;&nbsp; 10297 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Machinery | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 13594 | &nbsp;&nbsp;&nbsp;&nbsp; 13594 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Real Estate Management & Development | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Specialty Retail | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Trading Companies & Distributors | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 3801 | &nbsp;&nbsp;&nbsp;&nbsp; 3801 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Wireless Telecommunication Services | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 50881 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 50881 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Corporate Bonds  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Advertising Agencies | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 260566 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 260566 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Automobile Components | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 2976943 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 2976943 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Automobiles | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 229555 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 229555 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital Markets | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1398866 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1398866 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Chemicals | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 517751 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 517751 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Commercial Services & Supplies | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 495704 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 495704 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Consumer Finance | &nbsp;&nbsp; 14388 | &nbsp;&nbsp;&nbsp;&nbsp; 108330 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 122718 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Consumer Staples Distribution & Retail | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 114998 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 114998 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Containers & Packaging | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 2676693 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 2676693 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Diversified REITs | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 2817211 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 2817211 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Diversified Telecommunication Services | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 2695784 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 2695784 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Electric Utilities | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 127500 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 127500 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Energy Equipment & Services | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 5572243 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 5572243 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Entertainment | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 2906583 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 2906583 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financial Services | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 3229230 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 3229230 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Health Care Providers & Services | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1958896 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1958896 |

---

------

Consolidated Schedule of Investments (unaudited)(continued)

March 31, 2026

**BlackRock HPS Credit Strategies Fund**

**Fair Value Hierarchy as of Period End (continued)**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | *Level 1* | *Level 2* | *Level 3* | *Total* |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Corporate Bonds (continued) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Insurance | &nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $4588222 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $4588222 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interactive Media & Services | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 4766821 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 4766821 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; IT Services | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 2529038 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 2529038 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Media | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1827854 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1827854 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Oil, Gas & Consumable Fuels | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1042153 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1042153 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pharmaceuticals | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 686934 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 686934 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Real Estate Management & Development | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 598195 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 598195 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Software | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 2517751 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 2517751 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Specialty Retail | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 12494199 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 12494199 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Textiles, Apparel & Luxury Goods | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 258220 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 258220 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Wireless Telecommunication Services | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 448420 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 448420 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fixed Rate Loan Interests | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1137683 | &nbsp;&nbsp;&nbsp;&nbsp; 3002372 | &nbsp;&nbsp;&nbsp;&nbsp; 4140055 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Floating Rate Loan Interests | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 229237117 | &nbsp;&nbsp;&nbsp;&nbsp; 249882412 | &nbsp;&nbsp;&nbsp;&nbsp; 479119529 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investment Companies | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 12414 | &nbsp;&nbsp;&nbsp;&nbsp; 1763900 | &nbsp;&nbsp;&nbsp;&nbsp; 1776314 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Preferred Securities |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital Trusts | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 470235 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 470235 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Preferred Stocks | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1375 | &nbsp;&nbsp;&nbsp;&nbsp; 5027837 | &nbsp;&nbsp;&nbsp;&nbsp; 5029212 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Warrants | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 102510 | &nbsp;&nbsp;&nbsp;&nbsp; 102510 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Short-Term Securities  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Money Market Funds | &nbsp;&nbsp; 8066721 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 8066721 |
| &nbsp;&nbsp;&nbsp; Unfunded Floating Rate Loan Interests<sup>(a)</sup> | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1090 | &nbsp;&nbsp;&nbsp;&nbsp; 97772 | &nbsp;&nbsp;&nbsp;&nbsp; 98862 |
| Liabilities |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Unfunded Floating Rate Loan Interests<sup>(a)</sup> | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (2027)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (746131)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (748158)<br>|
|  | &nbsp;&nbsp; $8081551 | &nbsp;&nbsp;&nbsp;&nbsp; $334775856 | &nbsp;&nbsp;&nbsp;&nbsp; $259294760 | &nbsp;&nbsp;&nbsp;&nbsp; $602152167 |
| Derivative Financial Instruments<sup>(b)</sup> <br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Assets  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign Currency Exchange Contracts | &nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $13974 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $13974 |
| &nbsp;&nbsp;&nbsp; Liabilities  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign Currency Exchange Contracts | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (100)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (100)<br>|
|  | &nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $13874 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $13874 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> Unfunded floating rate loan interests are valued at the unrealized appreciation (depreciation) on the commitment.

<sup>(b)</sup> Derivative financial instruments are forward foreign currency exchange contracts. Forward foreign currency exchange contracts are valued at the unrealized appreciation (depreciation) on the instrument. 

The Fund may hold assets and/or liabilities in which the fair value approximates the carrying amount for financial reporting purposes. As of period end, bank borrowings payable of $59,000,000 are categorized as Level 2 within the fair value hierarchy.

A reconciliation of Level 3 financial instruments is presented when the Fund had a significant amount of Level 3 investments and derivative financial instruments at the beginning and/or end of the period in relation to net assets. The following table is a reconciliation of Level 3 investments for which significant unobservable inputs were used in determining fair value:

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | *Common* <br>*Stocks*<br>| *Corporate* <br>*Bonds*<br>| *Fixed* <br>*Rate Loan* <br>*Interests*<br>| *Floating* <br>*Rate Loan* <br>*Interests*<br>| *Investment* <br>*Companies*<br>| *Preferred* <br>*Stocks* <br>| *Unfunded* <br>*Floating* <br>*Rate Loan* <br>*Interests*<br>|
| **Assets** |  |  |  |  |  |  |  |
| Opening balance, as of December 31, 2025 | &nbsp;&nbsp; $55022 | $2460086 | $3195748 | $242932932 | $1747103 | $5859554 | $(710813)<br>|
| Transfers into Level 3<sup>(a)</sup> | &nbsp;&nbsp; — |  |  | 27541373 |  |  | 11837 |
| Transfers out of Level 3<sup>(b)</sup> | &nbsp;&nbsp; — | (2460086)<br>|  | (6889745)<br>|  |  | 44 |
| Accrued discounts/premiums | &nbsp;&nbsp; — |  | 3126 | 124263 |  |  |  |
| Net realized gain (loss) | &nbsp;&nbsp; — |  | 105 | 199638 |  |  |  |
| Net change in unrealized appreciation (depreciation)<sup>(c)</sup> | &nbsp;&nbsp; (97568)<br>|  | 85602 | (1698115)<br>| 16797 | (950505)<br>| 50573 |
| Purchases | &nbsp;&nbsp; 206634 |  | 87279 | 18213591 |  | 118788 |  |
| Sales | &nbsp;&nbsp; — |  | (369488)<br>| (30541525)<br>|  |  |  |
| Closing balance, as of March 31, 2026 | &nbsp;&nbsp; $164088 | $— | $3002372 | $249882412 | $1763900 | $5027837 | $(648359)<br>|
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) on investments still held at March 31, <br> 2026<sup>(c)</sup><br>| &nbsp;&nbsp; $(97568)<br>| $— | $85602 | $(3750836)<br>| $16798 | $(950503)<br>| $23163 |

---

Consolidated Schedule of Investments

------

Consolidated Schedule of Investments (unaudited)(continued)

March 31, 2026

**BlackRock HPS Credit Strategies Fund**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | *Warrants* | *Total*  |
| **Assets** |  |  |
| Opening balance, as of December 31, 2025 | &nbsp;&nbsp; $101408 | $255641040 |
| Transfers into Level 3<sup>(a)</sup> | &nbsp;&nbsp; — | 27553210 |
| Transfers out of Level 3<sup>(b)</sup> | &nbsp;&nbsp; — | (9349787)<br>|
| Accrued discounts/premiums | &nbsp;&nbsp; — | 127389 |
| Net realized gain (loss) | &nbsp;&nbsp; — | 199743 |
| Net change in unrealized appreciation (depreciation)<sup>(c)</sup> | &nbsp;&nbsp; 1103 | (2592113)<br>|
| Purchases | &nbsp;&nbsp; — | 18626292 |
| Sales | &nbsp;&nbsp; (1)<br>| (30911014)<br>|
| Closing balance, as of March 31, 2026 | &nbsp;&nbsp; $102510 | $259294760 |
| Net change in unrealized appreciation (depreciation) on investments still held at March 31, 2026<sup>(c)</sup> | &nbsp;&nbsp; $1102 | $(4672242)<br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> As of December 31, 2025, the Fund used observable inputs in determining the value of certain investments. As of March 31, 2026, the Fund used significant unobservable inputs in determining the value of the same investments. As a result, investments at beginning of period value were transferred from Level 2 to Level 3 in the disclosure hierarchy. 

<sup>(b)</sup> As of December 31, 2025, the Fund used observable inputs in determining the value of certain investments. As of March 31, 2026, the Fund used significant unobservable inputs in determining the value of the same investments. As a result, investments at beginning of period value were transferred from Level 3 to Level 2 in the disclosure hierarchy. 

<sup>(c)</sup> Any difference between net change in unrealized appreciation (depreciation) and net change in unrealized appreciation (depreciation) on investments still held at March 31, 2026 is generally due to investments no longer held or categorized as Level 3 at period end. 

The following table summarizes the valuation approaches used and unobservable inputs utilized by the Valuation Committee to determine the value of certain of the Fund's Level 3 financial instruments as of period end. The table does not include Level 3 financial instruments with values based upon unadjusted third-party pricing information in the amount of $33,293,944.

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | *Value* | &nbsp;&nbsp;&nbsp; *Valuation* <br>*Approach*<br>| &nbsp;&nbsp;&nbsp; *Unobservable* <br>*Inputs*<br>| &nbsp;&nbsp;&nbsp; *Range of* <br>*Unobservable* <br>*Inputs* <br>*Utilized*<sup>(a)</sup> <br>| &nbsp;&nbsp;&nbsp; *Weighted* <br>*Average of* <br>*Unobservable* <br>*Inputs Based* <br>*on Fair Value* <br>|
| **Assets** |  |  |  |  |  |
| Floating Rate Loan Interests<sup>(b)</sup> | &nbsp;&nbsp; $216834634 | Income | Discount Rate | 8% - 25% | 11% |
|  |  | Market | Revenue Multiple | 0.33x -3.00x | 2.39x |
|  |  |  | EBITDA Multiple | 6.75x - 11.75x | 9.49x |
| Common Stock | &nbsp;&nbsp; 10297 | Market | EBITDA Multiple | 9.75x |  |
| Fixed Rate Loan Interests | &nbsp;&nbsp; 2388157 | Income | Discount Rate | 13% |  |
| Investment Companies | &nbsp;&nbsp; 1763900 | Market | EBITDA Multiple | 19.25x |  |
| Preferred Stocks | &nbsp;&nbsp; 4901747 | Income | Discount Rate | 10% -15% | 15% |
|  |  | Market | Revenue Multiple | 0.38x - 3.00x | 1.35x |
|  |  |  | Discount for lack of marketability | 15% |  |
| Warrants | &nbsp;&nbsp; 102081 | Market | Revenue Multiple | 3.00x - 7.25x | 4.68x |
|  |  |  | Time to Exit | 1.0 years |  |
|  |  |  | Volatility | 60% |  |
|  |  |  | Discount for lack of marketability | 10% | 10% |
|  |  | Income | Discount Rate | 15% |  |
|  | &nbsp;&nbsp; $226000816 |  |  |  |  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> A significant change in unobservable input could result in a correlated or inverse change in value.

<sup>(b)</sup> For the period ended March 31, 2026, the valuation technique for investments classified as Floating Rate Loan Interests amounting to $1,474,672 changed to a Market approach. The investments were previously valued utilizing an income approach. The change was due to consideration of the information that was available at the time the investments were valued. 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **Currency Abbreviation**  | **Currency Abbreviation**  |
| EUR | Euro |
| GBP | British Pound |

---

---

| | |
|:---|:---|
| **Currency Abbreviation (continued)** | **Currency Abbreviation (continued)** |
| USD | United States Dollar |

---

------

Consolidated Schedule of Investments (unaudited)(continued)

March 31, 2026

**BlackRock HPS Credit Strategies Fund**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **Portfolio Abbreviation**  | **Portfolio Abbreviation**  |
| CLO | Collateralized Loan Obligation |
| CME | Chicago Mercantile Exchange  |
| CMT | Constant Maturity Treasury |
| CVR | Contingent Value Right |
| DIP | Debtor-In-Possession |
| EURIBOR | Euro Interbank Offered Rate |
| PIK | Payment-in-Kind |
| SOFR | Secured Overnight Financing Rate |

---

Consolidated Schedule of Investments

------

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** BlackRock HPS Credit Strategies Fund

- **b. Investment Company Act file number:** 811-23380

- **c. CIK number of Registrant:** 0001752019

- **d. LEI of Registrant:** 549300NKFMDROHVOFA80

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 100 Bellevue Parkway

  - **City:** Wilmington

  - **State:** DE

  - **Foreign country:** US

  - **Zip / Postal Code:** 19809

  - **Telephone number:** 800-441-7762

**Item A.2. Information about the Series.**

- **a. Name of Series:** BlackRock HPS Credit Strategies Fund

- **c. LEI of Series:** 549300NKFMDROHVOFA80

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2026-12-31

- **b. Date as of which information is reported:** 2026-03-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $657735664.01

**Total Liabilities:** $127785204.81

**Net Assets:** $529950459.20

**Delayed Delivery Securities:** $18493061.72

**Cash Not Reported:** $458786.17

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** 11761.43000000 | **1-Year:** 316.67000000 | **5-Year:** 0.00000000 | **10-Year:** 2187.82000000 | **30-Year:** 0.00000000

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** 93342.75000000 | **1-Year:** 2337.26000000 | **5-Year:** 56216.87000000 | **10-Year:** 0.00000000 | **30-Year:** 935.49000000

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | 0.45%                | -0.60%               | -0.04%               |
| Class ID N/A | 0.47%                | -0.46%               | -0.14%               |
| Class ID N/A | 0.45%                | -0.48%               | -0.17%               |
| Class ID N/A | 0.45%                | -0.48%               | -0.17%               |
| Class ID N/A | 0.51%                | -0.42%               | -0.10%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-3209197.23             | $2052817.93                                |
| Month 2  | $52970.37                | $-6439592.09                               |
| Month 3  | $14331.62                | $-4695242.85                               |

**Designated Index Information**

- **Index Name:** Fund`s Designated Reference Portfolio is the Fund`s Securities Portfolio

- **Index Identifier:** Fund`s Designated Reference Portfolio is the Fund`s Securities Portfolio

### Schedule of Portfolio Investments

| Name                                          | Title                                                                            | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| ABG Intermediate Holdings 2 LLC               | ABG Intermediate Holdings 2 LLC 2024 1st Lien Term Loan B                        | CUSIP: 00076VBL3<br>LEI: 54930020NXD0RJB64985 | Long             | LON              | CORP              | US        |     63042 | PA      | $62866.72     | 0.01%             | 2028-12-21      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| ABG Intermediate Holdings 2 LLC               | ABG Intermediate Holdings 2 LLC 2025 Delayed Draw Term Loan                      | CUSIP: 00076VBM1<br>LEI: 54930020NXD0RJB64985 | Long             | LON              | CORP              | US        |     29638 | PA      | $29461.93     | 0.01%             | 2032-02-13      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| AHF Parent Holding Inc                        | AHF Parent Holding Inc Term Loan                                                 | CUSIP: 00128UAB6<br>LEI: 254900R3WYBXK1O4V655 | Long             | LON              | CORP              | US        |   1675103 | PA      | $1577746.45   | 0.30%             | 2028-02-01      | Floating      | 10.21%                | No            |                  2 | On Loan: No      |
| Aimco                                         | Aimco CLO 11 Ltd                                                                 | CUSIP: 00140NBA7<br>LEI: 549300VLRW0CEQ83RF89 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1001198.20   | 0.19%             | 2037-07-17      | Floating      | 5.57%                 | No            |                  2 | On Loan: No      |
| Arrow Purchaser Inc                           | Arrow Purchaser Inc Term Loan                                                    | CUSIP: 00160KAB7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    815788 | PA      | $815787.65    | 0.15%             | 2026-04-15      | Floating      | 10.71%                | No            |                  3 | On Loan: No      |
| American Money Management Corporation         | AMMC CLO 27 Ltd                                                                  | CUSIP: 00173YAE6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $492219.35    | 0.09%             | 2037-01-20      | Floating      | 8.82%                 | No            |                  2 | On Loan: No      |
| Abry Liquid Credit CLO Ltd                    | Abry Liquid Credit CLO 2025-2 Ltd                                                | CUSIP: 003943AG2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    750000 | PA      | $752430.53    | 0.14%             | 2039-01-15      | Floating      | 5.78%                 | No            |                  2 | On Loan: No      |
| Acrisure, LLC                                 | Acrisure LLC 2024 1st Lien Term Loan B6                                          | CUSIP: 00488PAV7<br>LEI: 549300R0Z1Q47XRTGO22 | Long             | LON              | CORP              | US        |   1375272 | PA      | $1330231.36   | 0.25%             | 2030-11-06      | Floating      | 6.67%                 | No            |                  2 | On Loan: No      |
| Acrisure LLC                                  | Acrisure LLC 2025 Term Loan B                                                    | CUSIP: 00488PAX3<br>LEI: 549300R0Z1Q47XRTGO22 | Long             | LON              | CORP              | US        |    786778 | PA      | $761207.84    | 0.14%             | 2032-06-21      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| ADMI Corp                                     | ADMI Corp 2021 Incremental Term Loan B3                                          | CUSIP: 00709LAJ6<br>LEI: 5493008U1LYGMQWO7N12 | Long             | LON              | CORP              | US        |   1470066 | PA      | $1374511.93   | 0.26%             | 2027-12-23      | Floating      | 7.53%                 | No            |                  2 | On Loan: No      |
| ADMI Corp                                     | ADMI Corp 2023 Term Loan B5                                                      | CUSIP: 00709LAL1<br>LEI: 5493008U1LYGMQWO7N12 | Long             | LON              | CORP              | US        |   2380366 | PA      | $2270273.87   | 0.43%             | 2027-12-23      | Floating      | 9.42%                 | No            |                  2 | On Loan: No      |
| ADVANTAGE SALES & MARKET                      | Advantage Sales & Marketing Inc                                                  | CUSIP: 00775DAC8<br>LEI: 549300T4O24KQDED1182 | Long             | DBT              | CORP              | US        |    350931 | PA      | $260566.27    | 0.05%             | 2030-11-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| ADVARRA HOLDINGS INC                          | Advarra Holdings Inc 2025 Incremental Term Loan                                  | CUSIP: 00780SAB0<br>LEI: 254900ITSH53BGQWSB09 | Long             | LON              | CORP              | US        |   6063653 | PA      | $6124289.93   | 1.16%             | 2031-09-15      | Floating      | 8.17%                 | No            |                  3 | On Loan: No      |
| OSAIC HOLDINGS INC                            | Osaic Holdings Inc                                                               | CUSIP: 00791GAC1<br>LEI: 549300XL60BDV6UW5C86 | Long             | DBT              | CORP              | US        |   1417000 | PA      | $1398865.59   | 0.26%             | 2033-08-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Agiliti Health Inc                            | Agiliti Health Inc 2023 Term Loan                                                | CUSIP: 00847YAE2<br>LEI: 25490002CCQ55NKGNB14 | Long             | LON              | CORP              | US        |   1384155 | PA      | $1342630.14   | 0.25%             | 2030-05-01      | Floating      | 6.58%                 | No            |                  2 | On Loan: No      |
| Albion Financing 3 SARL                       | Albion Financing 3 SARL 2025 USD Term Loan                                       | CUSIP: 01330EAD0<br>LEI: 213800VFJ5CIN2NUQ821 | Long             | LON              | CORP              | US        |     96789 | PA      | $96637.84     | 0.02%             | 2031-05-21      | Floating      | 6.66%                 | No            |                  2 | On Loan: No      |
| Alliant Holdings Intermediate, LLC            | Alliant Holdings Intermediate LLC 2025 Term Loan B                               | CUSIP: 01881UAN5<br>LEI: 5493006Q26653NF8SI73 | Long             | LON              | CORP              | US        |   1492481 | PA      | $1479586.16   | 0.28%             | 2031-09-19      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| ALTICE FRANCE SA                              | Altice France SA                                                                 | CUSIP: 02090DAD0<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |    152439 | PA      | $144433.51    | 0.03%             | 2032-04-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| AMENTUM HOLDINGS INC                          | Amentum Holdings Inc                                                             | CUSIP: 02352BAA3<br>LEI: 2549009FJIBLW40CU216 | Long             | DBT              | CORP              | US        |     19000 | PA      | $19661.39     | 0.00%             | 2032-08-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| AMERICAN AXLE & MFG INC                       | American Axle & Manufacturing Inc                                                | CUSIP: 02406PBD1<br>LEI: RY5TAKFOBLDUGX31MS24 | Long             | DBT              | CORP              | US        |   1480000 | PA      | $1440777.04   | 0.27%             | 2033-10-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| AMNEAL PHARMACEUTICALS LLC                    | Amneal Pharmaceuticals LLC 2026 Term Loan                                        | CUSIP: 03167DAS3<br>LEI: 54930037VIXE7LRZ1M66 | Long             | LON              | CORP              | US        |   1358150 | PA      | $1361545.11   | 0.26%             | 2032-08-01      | Floating      | 6.67%                 | No            |                  2 | On Loan: No      |
| AMYNTA AGENCY/WARRANTY                        | Amynta Agency Borrower Inc and Amynta Warranty Borrower Inc                      | CUSIP: 03238AAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1410000 | PA      | $1337155.73   | 0.25%             | 2033-07-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Anchorage Capital CLO LTD                     | Anchorage Capital Clo 11 Ltd                                                     | CUSIP: 03330NAY0<br>LEI: 549300NPGT86ACOLIL14 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1000890.90   | 0.19%             | 2037-07-22      | Floating      | 6.07%                 | No            |                  2 | On Loan: No      |
| ARETEC GROUP INC                              | Aretec Group Inc 2025 Repriced Term Loan                                         | CUSIP: 04009DAJ3<br>LEI: 549300NV2T8A33L0PQ58 | Long             | LON              | CORP              | US        |   2188264 | PA      | $2158634.94   | 0.41%             | 2030-08-09      | Floating      | 6.67%                 | No            |                  2 | On Loan: No      |
| ASCENT RESOURCES/ARU FIN                      | Ascent Resources Utica Holdings LLC / ARU Finance Corp                           | CUSIP: 04364VAK9<br>LEI: 549300164ZV2301BC703 | Long             | DBT              | CORP              | US        |      2000 | PA      | $2334.98      | 0.00%             | 2027-11-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| ASCENT RESOURCES/ARU FIN                      | Ascent Resources Utica Holdings LLC / ARU Finance Corp                           | CUSIP: 04364VBA0<br>LEI: 549300EGLQ2M2CL7JZ89 | Long             | DBT              | CORP              | US        |     13000 | PA      | $13223.24     | 0.00%             | 2033-07-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| Athenahealth Group Inc                        | Athenahealth Group Inc 2022 Term Loan B                                          | CUSIP: 04686RAB9<br>LEI: 254900AA3KZN4Q7A5Z33 | Long             | LON              | CORP              | US        |    206421 | PA      | $202293.04    | 0.04%             | 2029-02-15      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| Atlantic Avenue Ltd                           | Atlantic Avenue 2023-1 Ltd                                                       | CUSIP: 04822FAQ7<br>LEI: 254900YNF4JP0FNPPH69 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1004063.20   | 0.19%             | 2039-01-15      | Floating      | 5.87%                 | No            |                  2 | On Loan: No      |
| Atlas CC Acquisition Corp                     | Atlas CC Acquisition Corp 2025 Second Out Term Loan C                            | CUSIP: 04921TAS3<br>LEI: 6HHLXIOGCDNZ4IRAIW26 | Long             | LON              | CORP              | US        |        11 | PA      | $2.16         | 0.00%             | 2029-05-25      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| Avalara Inc                                   | Avalara Inc 2025 Term Loan                                                       | CUSIP: 05338KAD9<br>LEI: 549300Q16CMW239SS315 | Long             | LON              | CORP              | US        |     45755 | PA      | $44651.93     | 0.01%             | 2032-03-26      | Floating      | 6.45%                 | No            |                  2 | On Loan: No      |
| Aventiv Technologies LLC                      | Aventiv Technologies LLC 2025 5th Amendment Incremental Bridge Loan              | CUSIP: 05358AAV6<br>LEI: 549300EBCNNXVCJ2FW66 | Long             | LON              | CORP              | US        |   3000000 | PA      | $3112500.00   | 0.59%             | 2026-09-30      | Floating      | 13.93%                | No            |                  2 | On Loan: No      |
| BW NHHC Holdco Inc                            | BW NHHC Holdco Inc 2022 2nd Lien Third Out Term Loan                             | CUSIP: 05606CAT7<br>LEI: 549300Y5ZHAEE7MHCH51 | Long             | LON              | CORP              | US        |   2265849 | PA      | $265104.35    | 0.05%             | 2026-11-15      | Floating      | 15.90%                | No            |                  3 | On Loan: No      |
| Ballyrock Ltd                                 | Ballyrock CLO 22 Ltd                                                             | CUSIP: 05877GAG8<br>LEI: 254900XC0FEB91ZCO167 | Long             | ABS-CBDO         | CORP              | KY        |   1500000 | PA      | $1502807.25   | 0.28%             | 2037-04-15      | Floating      | 6.02%                 | No            |                  2 | On Loan: No      |
| Boxer Parent Company Inc                      | Boxer Parent Company Inc 2025 USD Term Loan B                                    | CUSIP: 05988HAQ0<br>LEI: 5493006T045HLTF7YX04 | Long             | LON              | CORP              | US        |    982747 | PA      | $908736.14    | 0.17%             | 2031-07-30      | Floating      | 6.67%                 | No            |                  2 | On Loan: No      |
| Babson CLO Ltd                                | Barings CLO Ltd 2022-I                                                           | CUSIP: 06759RAE0<br>LEI: 54930077KYY3RXLTEG63 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $484971.35    | 0.09%             | 2039-01-15      | Floating      | 9.99%                 | No            |                  2 | On Loan: No      |
| Great Outdoors Group LLC                      | Great Outdoors Group LLC 2025 Term Loan B                                        | CUSIP: 07014QAP6<br>LEI: 549300IYLDI2E8I2AU46 | Long             | LON              | CORP              | US        |   1465875 | PA      | $1461477.34   | 0.28%             | 2032-01-23      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| QXO INC                                       | QXO Inc 2025 Term Loan B                                                         | CUSIP: 07368RAM3<br>LEI: 549300HDXQWWCBOYXP31 | Long             | LON              | CORP              | US        |   1449657 | PA      | $1445206.76   | 0.27%             | 2032-04-30      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| BEIGNET INVESTOR LLC                          | Beignet Investor LLC                                                             | CUSIP: 076912AA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2142000 | PA      | $2202310.47   | 0.42%             | 2049-05-30      | Fixed         | 6.58%                 | No            |                  2 | On Loan: No      |
| Boots Group Bidco Ltd                         | Boots Group Bidco Ltd USD Term Loan                                              | CUSIP: 09947PAB7<br>LEI: 254900YVLYOVF1PF1N93 | Long             | LON              | CORP              | US        |     59850 | PA      | $59999.63     | 0.01%             | 2032-08-30      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| BRAND INDUSTRIAL SERVICE                      | Brand Industrial Services Inc                                                    | CUSIP: 104931AA8<br>LEI: 549300B658W2BPDQMW42 | Long             | DBT              | CORP              | US        |    171000 | PA      | $156279.09    | 0.03%             | 2030-08-01      | Fixed         | 10.38%                | No            |                  2 | On Loan: No      |
| Brand Industrial Services Inc                 | Brand Industrial Services Inc 2024 Term Loan B                                   | CUSIP: 10524MAS6<br>LEI: 549300B658W2BPDQMW42 | Long             | LON              | CORP              | US        |   1432465 | PA      | $1225946.90   | 0.23%             | 2030-08-01      | Floating      | 8.16%                 | No            |                  2 | On Loan: No      |
| Bridge Street CLO                             | Bridge Street CLO II Ltd                                                         | CUSIP: 10806JAU7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1003329.10   | 0.19%             | 2039-01-20      | Floating      | 5.65%                 | No            |                  2 | On Loan: No      |
| Bridge Street CLO                             | Bridge Street CLO II Ltd                                                         | CUSIP: 10806JAW3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $992290.00    | 0.19%             | 2039-01-20      | Floating      | 7.05%                 | No            |                  2 | On Loan: No      |
| Bryant Park Funding Ltd                       | Bryant Park Funding 2024-22 Ltd                                                  | CUSIP: 11766CAG9<br>LEI: 5493000N8L82QL1KEO96 | Long             | ABS-CBDO         | CORP              | KY        |   1500000 | PA      | $1501530.90   | 0.28%             | 2037-04-15      | Floating      | 6.27%                 | No            |                  2 | On Loan: No      |
| Bullhorn Inc                                  | Bullhorn Inc 2020 Term Loan                                                      | CUSIP: 12022JAC1<br>LEI: 549300GYR0T2960RHV38 | Long             | LON              | CORP              | US        |   4063991 | PA      | $3982711.36   | 0.75%             | 2029-10-01      | Floating      | 8.67%                 | No            |                  3 | On Loan: No      |
| CPI HOLDCO B LLC                              | CPI Holdco B LLC 2025 Add-on Term Loan B                                         | CUSIP: 1261MAAE0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    136352 | PA      | $135314.09    | 0.03%             | 2031-05-19      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                              | CSC Holdings LLC                                                                 | CUSIP: 126307BM8<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    200000 | PA      | $163428.80    | 0.03%             | 2028-05-15      | Fixed         | 11.25%                | No            |                  2 | On Loan: No      |
| CVR ENERGY INC                                | CVR Energy Inc                                                                   | CUSIP: 12662PAH1<br>LEI: 529900SOYZIXZBTXB558 | Long             | DBT              | CORP              | US        |    337000 | PA      | $339516.38    | 0.06%             | 2031-02-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Carval CLO LTD                                | CarVal CLO VC Ltd                                                                | CUSIP: 14687MAE2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1001108.80   | 0.19%             | 2034-10-15      | Floating      | 6.13%                 | No            |                  2 | On Loan: No      |
| Catawba Nation Gaming Authority               | Catawba Nation Gaming Authority Term Loan B                                      | CUSIP: 14907EAD6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1465851 | PA      | $1485097.67   | 0.28%             | 2032-03-29      | Floating      | 8.42%                 | No            |                  2 | On Loan: No      |
| Central Parent Inc                            | Central Parent Inc 2024 Term Loan B                                              | CUSIP: 15477BAE7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1515566 | PA      | $1076188.24   | 0.20%             | 2029-07-06      | Floating      | 6.95%                 | No            |                  2 | On Loan: No      |
| Crash Champions LLC                           | Crash Champions LLC 2024 Term Loan B                                             | CUSIP: 15870MAC0<br>LEI: 391200ZDD75EGEUJ7625 | Long             | LON              | CORP              | US        |   1568700 | PA      | $1356925.60   | 0.26%             | 2029-02-23      | Floating      | 8.42%                 | No            |                  2 | On Loan: No      |
| Citrin Cooperman Advisors LLC                 | Citrin Cooperman Advisors LLC 2025 Term Loan B                                   | CUSIP: 17737EAC7<br>LEI: 254900DPG9ZEAP5MK895 | Long             | LON              | CORP              | US        |    746250 | PA      | $715467.19    | 0.14%             | 2032-04-01      | Floating      | 6.70%                 | No            |                  2 | On Loan: No      |
| CLARIOS GLOBAL LP/US FIN                      | Clarios Global LP / Clarios US Finance Co                                        | CUSIP: 18060TAD7<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |     40000 | PA      | $40900.00     | 0.01%             | 2030-02-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CLARIOS GLOBAL LP/US FIN                      | Clarios Global LP / Clarios US Finance Co                                        | CUSIP: 18060TAE5<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |     52000 | PA      | $52416.00     | 0.01%             | 2032-09-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Clover Holdings 2 LLC                         | Clover Holdings 2 LLC Term Loan B                                                | CUSIP: 18914DAB4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    179207 | PA      | $171366.89    | 0.03%             | 2031-12-09      | Floating      | 7.68%                 | No            |                  2 | On Loan: No      |
| Clover Holdings 2 LLC                         | Clover Holdings 2 LLC Fixed Term Loan B                                          | CUSIP: 18914DAC2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    213388 | PA      | $200850.98    | 0.04%             | 2031-12-09      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| CohnReznick LLP                               | CohnReznick LLP Term Loan                                                        | CUSIP: 19250AAC8<br>LEI: 2549009CGTGAQPUXNH39 | Long             | LON              | CORP              | US        |    647160 | PA      | $623700.11    | 0.12%             | 2032-03-31      | Floating      | 6.91%                 | No            |                  2 | On Loan: No      |
| CohnReznick LLP                               | CohnReznick LLP Delayed Draw Term Loan                                           | CUSIP: 19250AAD6<br>LEI: 2549009CGTGAQPUXNH39 | Long             | LON              | CORP              | US        |    102840 | PA      | $99112.39     | 0.02%             | 2032-03-31      | Floating      | 6.91%                 | No            |                  2 | On Loan: No      |
| CoreLogic Inc                                 | CoreLogic Inc Term Loan                                                          | CUSIP: 21870FBA6<br>LEI: 54930086CD8K2UIL0516 | Long             | LON              | CORP              | US        |     92480 | PA      | $88260.81     | 0.02%             | 2028-06-02      | Floating      | 7.28%                 | No            |                  2 | On Loan: No      |
| CORELOGIC INC                                 | CoreLogic Inc                                                                    | CUSIP: 21871DAD5<br>LEI: 54930086CD8K2UIL0516 | Long             | DBT              | CORP              | US        |    118000 | PA      | $110775.90    | 0.02%             | 2028-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CROSSCOUNTRY INTER                            | CrossCountry Intermediate HoldCo LLC                                             | CUSIP: 22757VAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    730000 | PA      | $686893.87    | 0.13%             | 2032-12-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| WCG INTERMEDIATE CORP                         | WCG Intermediate Corp 2026 Term Loan B                                           | CUSIP: 23343FAG9<br>LEI: 254900CEZYHAWVXDTS47 | Long             | LON              | CORP              | US        |   4100085 | PA      | $3989054.54   | 0.75%             | 2032-02-25      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| DTI Holdco Inc                                | DTI Holdco Inc 2025 Term Loan B                                                  | CUSIP: 23358EAK5<br>LEI: 549300QQVMUL3P8XVJ27 | Long             | LON              | CORP              | US        |   6414250 | PA      | $5516255.20   | 1.04%             | 2029-04-26      | Floating      | 7.67%                 | No            |                  2 | On Loan: No      |
| Delta TopCo Inc                               | Delta TopCo Inc 2025 Term Loan B                                                 | CUSIP: 24780DAJ6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3221901 | PA      | $3111647.66   | 0.59%             | 2029-11-30      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| Derby Buyer LLC                               | Derby Buyer LLC 2024 Repriced Term Loan B                                        | CUSIP: 24968CAE3<br>LEI: 2549003XRO7JUBUWQX87 | Long             | LON              | CORP              | US        |   1393121 | PA      | $1389637.80   | 0.26%             | 2030-11-01      | Floating      | 6.68%                 | No            |                  2 | On Loan: No      |
| Discovery Purchaser Corporation               | Discovery Purchaser Corporation Term Loan                                        | CUSIP: 25471NAC0<br>LEI: 2549001LSO1ZBIPA5D65 | Long             | LON              | CORP              | US        |   2831645 | PA      | $2781383.41   | 0.52%             | 2029-10-04      | Floating      | 7.42%                 | No            |                  2 | On Loan: No      |
| DOMINION ENERGY INC                           | Dominion Energy Inc                                                              | CUSIP: 25746UDV8<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |     10000 | PA      | $10153.08     | 0.00%             | 2055-05-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| Dryden Senior Loan Fund                       | Dryden 72 CLO Ltd                                                                | CUSIP: 26252NAU3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $975790.00    | 0.18%             | 2032-05-15      | Floating      | 6.91%                 | No            |                  2 | On Loan: No      |
| EOC Borrower LLC                              | EOC Borrower LLC Term Loan B                                                     | CUSIP: 26875YAB8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    167732 | PA      | $166935.77    | 0.03%             | 2032-03-24      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs International                   | PURCHASED USD / SOLD EUR                                                         | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | US        |         1 | NC      | $6378.59      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank of America NA                            | PURCHASED USD / SOLD GBP                                                         | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              |  | US        |         1 | NC      | $5693.10      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| HSBC Bank PLC                                 | PURCHASED EUR / SOLD USD                                                         | CUSIP: 000000000<br>LEI: MP6I5ZYZBEU3UXPYFY54 | N/A              | DFE              |  | XX        |         1 | NC      | $1901.76      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                              | PURCHASED USD / SOLD EUR                                                         | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | N/A              | DFE              |  | US        |         1 | NC      | $-99.49       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Elevation CLO Ltd                             | Elevation CLO 2022-16 Ltd                                                        | CUSIP: 28623YAJ2<br>LEI: 549300YZ3RIOTSOP0V95 | Long             | ABS-CBDO         | CORP              | KY        |   2500000 | PA      | $2492861.25   | 0.47%             | 2034-07-25      | Floating      | 8.55%                 | No            |                  2 | On Loan: No      |
| Elevation CLO Ltd                             | Elevation CLO 2022-16 Ltd                                                        | CUSIP: 28623YAN3<br>LEI: 549300YZ3RIOTSOP0V95 | Long             | ABS-CBDO         | CORP              | KY        |   2500000 | PA      | $2483012.00   | 0.47%             | 2034-07-25      | Floating      | 9.68%                 | No            |                  2 | On Loan: No      |
| Elmwood CLO 26 Ltd                            | Elmwood CLO 26 Ltd                                                               | CUSIP: 29004CAG3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1000000.00   | 0.19%             | 2037-04-18      | Floating      | 6.07%                 | No            |                  2 | On Loan: No      |
| Elmwood CLO 37 Ltd                            | Elmwood CLO 37 Ltd                                                               | CUSIP: 29004UAJ7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1000147.40   | 0.19%             | 2038-01-17      | Floating      | 6.27%                 | No            |                  2 | On Loan: No      |
| EMBURSE INC                                   | Emburse Inc Term Loan                                                            | CUSIP: 29081UAE4<br>LEI: 254900S7YGF4KOG3HP83 | Long             | LON              | CORP              | US        |   3684211 | PA      | $3721052.64   | 0.70%             | 2032-05-28      | Floating      | 7.95%                 | No            |                  3 | On Loan: No      |
| Emerald Technologies (US) Acquisitionco Inc   | Emerald Technologies (US) Acquisitionco Inc Term Loan                            | CUSIP: 29102UAB5<br>LEI: 549300PVODJ41V7YM574 | Long             | LON              | CORP              | US        |   1342819 | PA      | $671409.58    | 0.13%             | 2027-12-29      | Floating      | 10.07%                | No            |                  3 | On Loan: No      |
| Endo Luxembourg Finance Company I Sa rl       | Endo Luxembourg Finance Company I Sa rl 2024 1st Lien Term Loan                  | CUSIP: 29280UAD5<br>LEI: 222100B15VY0VVCTG251 | Long             | LON              | CORP              | US        |   1522198 | PA      | $1512683.80   | 0.29%             | 2031-04-23      | Floating      | 7.42%                 | No            |                  2 | On Loan: No      |
| Astrion Group, LLC                            | Astrion Group LLC 2024 Term Loan                                                 | CUSIP: 29288KAE7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   4937500 | PA      | $3851250.00   | 0.73%             | 2031-08-29      | Floating      | 8.70%                 | No            |                  2 | On Loan: No      |
| ENSEMBLE RCM LLC                              | Ensemble RCM LLC 2026 Term Loan B                                                | CUSIP: 29359BAH4<br>LEI: 254900PDXJVVI20WAQ37 | Long             | LON              | CORP              | US        |   2129496 | PA      | $2102430.11   | 0.40%             | 2033-02-09      | Floating      | 6.70%                 | No            |                  2 | On Loan: No      |
| EQUIPMENTSHARE.COM INC                        | EquipmentShare.com Inc                                                           | CUSIP: 29450YAC3<br>LEI: 254900PWJK48CGPKPI80 | Long             | DBT              | CORP              | US        |     10000 | PA      | $10324.70     | 0.00%             | 2033-03-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| EyeCare Partners LLC                          | EyeCare Partners LLC 2024 Third Out Term Loan C                                  | CUSIP: 30233PAR1<br>LEI: 254900ZAACWK09RJ8W93 | Long             | LON              | CORP              | US        |      6950 | PA      | $1164.06      | 0.00%             | 2028-11-30      | Floating      | 10.42%                | No            |                  2 | On Loan: No      |
| Filtration Group Corporation                  | Filtration Group Corporation 2025 USD Term Loan                                  | CUSIP: 31732FAX4<br>LEI: 549300ZA0D9WN5ECE978 | Long             | LON              | CORP              | US        |    144923 | PA      | $144862.11    | 0.03%             | 2028-10-21      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| Finastra USA Inc                              | Finastra USA Inc 2025 USD Term Loan                                              | CUSIP: 31772YAD8<br>LEI: 549300ZB2RO6QC7YTK71 | Long             | LON              | CORP              | US        |    195000 | PA      | $182812.50    | 0.03%             | 2032-09-15      | Floating      | 7.67%                 | No            |                  2 | On Loan: No      |
| Foreside Financial                            | Foreside Financial Incremental Term Loan                                         | CUSIP: 34553YAF2<br>LEI: 2549002E7L5GTM0U4897 | Long             | LON              | CORP              | US        |   1929657 | PA      | $1929656.61   | 0.36%             | 2027-09-30      | Floating      | 9.07%                 | No            |                  3 | On Loan: No      |
| Foreside Financial                            | Foreside Financial 2024 Incremental Delayed Draw Term Loan                       | CUSIP: 34553YAH8<br>LEI: 2549002E7L5GTM0U4897 | Long             | LON              | CORP              | US        |    500179 | PA      | $500178.53    | 0.09%             | 2027-09-30      | Floating      | 9.10%                 | No            |                  3 | On Loan: No      |
| Fortis 333 Inc                                | Fortis 333 Inc USD Term Loan B                                                   | CUSIP: 34958SAB5<br>LEI: 254900SLITS19RU1VB55 | Long             | LON              | CORP              | US        |   1443687 | PA      | $1399770.40   | 0.26%             | 2032-03-29      | Floating      | 7.17%                 | No            |                  2 | On Loan: No      |
| FORTREA HOLDINGS INC                          | Fortrea Holdings Inc                                                             | CUSIP: 34965KAA5<br>LEI: 5493000FIVFABOVCDU97 | Long             | DBT              | CORP              | US        |   2067000 | PA      | $1958895.90   | 0.37%             | 2030-07-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| FREEDOM MORTGAGE HOLD                         | Freedom Mortgage Holdings LLC                                                    | CUSIP: 35641AAE8<br>LEI: 254900ROJ91RGM43S156 | Long             | DBT              | CORP              | US        |   2700000 | PA      | $2524251.87   | 0.48%             | 2031-05-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| FREEPORT LNG INVESTMENTS LLLP                 | Freeport LNG Investments LLLP 2026 Term Loan B                                   | CUSIP: 35670CAE8<br>LEI: 549300LR5YVRZH4YPQ33 | Long             | LON              | CORP              | US        |   2933829 | PA      | $2931393.92   | 0.55%             | 2033-02-11      | Floating      | 6.89%                 | No            |                  2 | On Loan: No      |
| Skopima Merger Sub Inc                        | Skopima Merger Sub Inc 2024 Repriced Term Loan                                   | CUSIP: 36171NAG1<br>LEI: 254900K3R60UMIODZD21 | Long             | LON              | CORP              | US        |   2490609 | PA      | $1939038.49   | 0.37%             | 2028-05-12      | Floating      | 7.42%                 | No            |                  2 | On Loan: No      |
| GFL Environmental Inc                         | GFL Environmental Inc 2025 Term Loan B                                           | CUSIP: 36257SAB8<br>LEI: 254900PGDQWC19PRP053 | Long             | LON              | CORP              | US        |    119400 | PA      | $119325.97    | 0.02%             | 2032-03-03      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| GSM Holdings Inc                              | GSM Holdings Inc 2024 Term Loan B                                                | CUSIP: 36270UAB6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1469514 | PA      | $1454819.01   | 0.27%             | 2031-09-30      | Floating      | 8.70%                 | No            |                  2 | On Loan: No      |
| Galaxy CLO Ltd                                | Galaxy Xxiv Clo Ltd                                                              | CUSIP: 36321BAL5<br>LEI: 6354006LLTU5DRVJLQ86 | Long             | ABS-CBDO         | CORP              | KY        |   1106000 | PA      | $1106000.00   | 0.21%             | 2037-04-15      | Floating      | 6.12%                 | No            |                  2 | On Loan: No      |
| GARDA WORLD SECURITY                          | Garda World Security Corp                                                        | CUSIP: 36485MAL3<br>LEI: 549300ZF1NDXLMCHNO20 | Long             | DBT              | CORP              | CA        |      4000 | PA      | $3807.30      | 0.00%             | 2029-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| GARDA WORLD SECURITY                          | Garda World Security Corp                                                        | CUSIP: 36485MAM1<br>LEI: 549300ZF1NDXLMCHNO20 | Long             | DBT              | CORP              | CA        |     69000 | PA      | $70191.42     | 0.01%             | 2028-02-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| GARDA WORLD SECURITY                          | Garda World Security Corp                                                        | CUSIP: 36485MAN9<br>LEI: 549300ZF1NDXLMCHNO20 | Long             | DBT              | CORP              | CA        |     62000 | PA      | $61351.10     | 0.01%             | 2032-08-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| GARDA WORLD SECURITY                          | Garda World Security Corp                                                        | CUSIP: 36485MAP4<br>LEI: 549300ZF1NDXLMCHNO20 | Long             | DBT              | CORP              | CA        |     67000 | PA      | $67045.49     | 0.01%             | 2032-11-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| GIBRALTAR INDUSTRIES INC                      | Gibraltar Industries Inc 2026 Term Loan B                                        | CUSIP: 37468UAL4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1425342 | PA      | $1416433.16   | 0.27%             | 2033-02-02      | Floating      | 5.93%                 | No            |                  3 | On Loan: No      |
| MAGNERA CORP                                  | Magnera Corp                                                                     | CUSIP: 377320AA4<br>LEI: 549300LDQLQBT38QDY28 | Long             | DBT              | CORP              | US        |   1668000 | PA      | $1505812.52   | 0.28%             | 2029-11-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Goosehead Insurance Holdings LLC              | Goosehead Insurance Holdings LLC 2025 Term Loan B                                | CUSIP: 38267BAG8<br>LEI: 549300DF8P4C7IP1QR40 | Long             | LON              | CORP              | US        |    299783 | PA      | $292288.55    | 0.06%             | 2032-01-08      | Floating      | 6.68%                 | No            |                  3 | On Loan: No      |
| Grant Thornton Advisors LLC                   | Grant Thornton Advisors LLC 2025 Term Loan B                                     | CUSIP: 38821UAD2<br>LEI: 254900XS1SHU0YY3WF58 | Long             | LON              | CORP              | US        |   1668024 | PA      | $1550394.98   | 0.29%             | 2031-06-02      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| GREAT CAN GAMING/RAPTOR                       | Great Canadian Gaming Corp/Raptor LLC                                            | CUSIP: 389925AA6<br>LEI: 549300FU60SSFLTE0M84 | Long             | DBT              | CORP              | XX        |     28000 | PA      | $27316.98     | 0.01%             | 2029-11-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| Genesys Cloud Services Holdings II LLC        | Genesys Cloud Services Holdings II LLC 2025 USD Term Loan B                      | CUSIP: 39479UAY9<br>LEI: 254900CRMBG6WX4HX396 | Long             | LON              | CORP              | US        |   1200290 | PA      | $1146780.65   | 0.22%             | 2032-01-30      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| Greywolf CLO Ltd                              | Greywolf CLO V Ltd                                                               | CUSIP: 39808PAS5<br>LEI: 549300RJBZLY8V18YD77 | Long             | ABS-CBDO         | CORP              | KY        |    237759 | PA      | $237776.75    | 0.04%             | 2031-01-27      | Floating      | 6.93%                 | No            |                  2 | On Loan: No      |
| Intrado Corporation                           | Intrado Corporation 2023 Term Loan B                                             | CUSIP: 40147EAB5<br>LEI: 254900OSYC6XQ21DY128 | Long             | LON              | CORP              | US        |   1450279 | PA      | $1395893.60   | 0.26%             | 2030-01-31      | Floating      | 6.95%                 | No            |                  2 | On Loan: No      |
| HS PURCHASER LLC                              | HS Purchaser LLC 2025 1st Lien Term Loan                                         | CUSIP: 40435TAP2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3988462 | PA      | $3426766.69   | 0.65%             | 2029-05-21      | Floating      | 9.76%                 | No            |                  2 | On Loan: No      |
| HSI HALO ACQUISITION INC                      | HSI Halo Acquisition Inc 2024 Term Loan                                          | CUSIP: 40444TAC0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2283028 | PA      | $2237366.96   | 0.42%             | 2031-06-30      | Floating      | 8.67%                 | No            |                  3 | On Loan: No      |
| PHRG Intermediate LLC                         | PHRG Intermediate LLC 2025 Term Loan B                                           | CUSIP: 40445XAC0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   4962500 | PA      | $4912875.00   | 0.93%             | 2032-02-20      | Floating      | 7.70%                 | No            |                  3 | On Loan: No      |
| HalseyPoint CLO I, Ltd.                       | HalseyPoint CLO 4 Ltd                                                            | CUSIP: 40637LAE0<br>LEI: 549300CMJUK1VCINNF57 | Long             | ABS-CBDO         | CORP              | KY        |    750000 | PA      | $750841.88    | 0.14%             | 2034-04-20      | Floating      | 6.08%                 | No            |                  2 | On Loan: No      |
| HalseyPoint CLO I, Ltd.                       | Halsey Point CLO I Ltd                                                           | CUSIP: 40638CAL3<br>LEI: 549300POBLM5RW6LD816 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $485772.90    | 0.09%             | 2037-10-20      | Floating      | 12.17%                | No            |                  2 | On Loan: No      |
| Harvest US CLO Ltd                            | Harvest US CLO 2024-1 Ltd                                                        | CUSIP: 41755WAJ9<br>LEI: 213800RQBB83K4W6BX61 | Long             | ABS-CBDO         | CORP              | KY        |   1500000 | PA      | $1495142.10   | 0.28%             | 2037-04-18      | Floating      | 8.17%                 | No            |                  2 | On Loan: No      |
| Harvest US CLO Ltd                            | Harvest US CLO 2026-1 Ltd                                                        | CUSIP: 417938AJ6<br>LEI: 213800RQBB83K4W6BX61 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $495344.50    | 0.09%             | 2039-04-20      | Floating      | 6.73%                 | No            |                  2 | On Loan: No      |
| HERC HOLDINGS INC                             | Herc Holdings Inc                                                                | CUSIP: 42704LAH7<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |    145000 | PA      | $142805.72    | 0.03%             | 2031-03-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| HERC HOLDINGS INC                             | Herc Holdings Inc                                                                | CUSIP: 42704LAK0<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |    145000 | PA      | $140178.58    | 0.03%             | 2034-03-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Herschend Entertainment Company, LLC          | Herschend Entertainment Company LLC 2026 Term Loan B                             | CUSIP: 42778EAH4<br>LEI: 54930087KQ7RPDXK0716 | Long             | LON              | CORP              | US        |   1419305 | PA      | $1419603.21   | 0.27%             | 2032-05-27      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| HUDSON RIVER TRADING LLC                      | Hudson River Trading LLC 2026 Repriced Term Loan B                               | CUSIP: 44413EAK4<br>LEI: 549300SMOBUC8O5UOE10 | Long             | LON              | CORP              | US        |   1126536 | PA      | $1120745.21   | 0.21%             | 2030-03-18      | Floating      | 6.18%                 | No            |                  2 | On Loan: No      |
| ICG US CLO Ltd                                | ICG US CLO 2014-1 Ltd                                                            | CUSIP: 44928XBS2<br>LEI: 25490053S2JSJU63Y978 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $996615.40    | 0.19%             | 2034-10-20      | Floating      | 7.42%                 | No            |                  2 | On Loan: No      |
| Illuminate Buyer, LLC                         | Illuminate Buyer LLC 2025 Term Loan B                                            | CUSIP: 45232UAH1<br>LEI: 549300K1Y0YC1YC1H809 | Long             | LON              | CORP              | US        |   1492482 | PA      | $1479422.78   | 0.28%             | 2029-12-31      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| OPENMARKET INC                                | OpenMarket Inc 2025 Refinancing Term Loan                                        | CUSIP: 45676QAB6<br>LEI: 254900XMJZPK4MZYYM65 | Long             | LON              | CORP              | US        |   4875706 | PA      | $4797694.40   | 0.91%             | 2029-06-11      | Floating      | 9.20%                 | No            |                  3 | On Loan: No      |
| IRIS Holdings Inc                             | IRIS Holdings Inc Term Loan                                                      | CUSIP: 46271BAB6<br>LEI: 54930013SPZ2NB3I3V40 | Long             | LON              | CORP              | US        |   1485990 | PA      | $1388598.52   | 0.26%             | 2028-06-28      | Floating      | 8.52%                 | No            |                  2 | On Loan: No      |
| JP INTERMEDIATE B LLC                         | JP Intermediate B LLC 2025 Term Loan (2030)                                      | CUSIP: 46650KAF8<br>LEI: 549300PC0CHCVUMNS121 | Long             | LON              | CORP              | US        |    160710 | PA      | $160710.39    | 0.03%             | 2030-09-30      | Floating      | 10.70%                | No            |                  3 | On Loan: No      |
| JP Intermediate B LLC                         | JP Intermediate B LLC 2025 Takeback Term Loan A                                  | CUSIP: 46650KAG6<br>LEI: 549300PC0CHCVUMNS121 | Long             | LON              | CORP              | US        |    577928 | PA      | $302256.10    | 0.06%             | 2031-03-31      | Variable      | 9.20%                 | No            |                  3 | On Loan: No      |
| JOHNSTONE SUPPLY LLC                          | Johnstone Supply LLC 2026 Term Loan B                                            | CUSIP: 47947BAG7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2153651 | PA      | $2137498.23   | 0.40%             | 2031-06-09      | Floating      | 5.91%                 | No            |                  2 | On Loan: No      |
| JONES DESLAURIERS INSURA                      | Jones Deslauriers Insurance Management Inc                                       | CUSIP: 48020RAE5<br>LEI: 549300JQIWNFU00E5424 | Long             | DBT              | CORP              | CA        |   1451000 | PA      | $1327403.34   | 0.25%             | 2033-10-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Kaseya Inc                                    | Kaseya Inc 2025 1st Lien Term Loan B                                             | CUSIP: 48578AAB4<br>LEI: 254900MISXMLRZ63NH46 | Long             | LON              | CORP              | US        |   2722027 | PA      | $2534887.36   | 0.48%             | 2032-03-22      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| Kaseya Inc                                    | Kaseya Inc 2025 2nd Lien Term Loan B                                             | CUSIP: 48578AAE8<br>LEI: 254900MISXMLRZ63NH46 | Long             | LON              | CORP              | US        |   1473291 | PA      | $1165122.94   | 0.22%             | 2033-03-21      | Floating      | 8.67%                 | No            |                  2 | On Loan: No      |
| ADVANCION SCIENCES INC                        | Advancion Sciences Inc                                                           | CUSIP: 499894AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     29292 | PA      | $23799.75     | 0.00%             | 2026-11-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| KUEHG Corp                                    | KUEHG Corp 2025 Term Loan                                                        | CUSIP: 50118YAH2<br>LEI: 549300YNT566T1NYJX62 | Long             | LON              | CORP              | US        |    567673 | PA      | $505836.09    | 0.10%             | 2030-06-12      | Floating      | 6.41%                 | No            |                  2 | On Loan: No      |
| LABL INC                                      | LABL Inc                                                                         | CUSIP: 50168QAE5<br>LEI: 5493004FUZN8R6Y3VB98 | Long             | DBT              | CORP              | US        |     91000 | PA      | $43680.00     | 0.01%             | 2028-11-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| LBM Acquisition LLC                           | LBM Acquisition LLC 2025 Incremental Term Loan                                   | CUSIP: 50179JAK4<br>LEI: 549300FAEB3VWZL4NI86 | Long             | LON              | CORP              | US        |    995000 | PA      | $836864.65    | 0.16%             | 2031-06-06      | Floating      | 8.67%                 | No            |                  2 | On Loan: No      |
| Learning Care Group (US) No 2 Inc             | Learning Care Group (US) No 2 Inc 2024 Term Loan B                               | CUSIP: 52200MAL4<br>LEI: 5493000VMN44LK8QID23 | Long             | LON              | CORP              | US        |   1461408 | PA      | $1053251.25   | 0.20%             | 2028-08-11      | Floating      | 7.70%                 | No            |                  2 | On Loan: No      |
| Liberty Company Insurance Brokers LLC         | Liberty Company Insurance Brokers LLC Term Loan B                                | CUSIP: 53036XAJ3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1232489 | PA      | $1180108.27   | 0.22%             | 2032-10-15      | Floating      | 7.38%                 | No            |                  3 | On Loan: No      |
| Lighthouse Parent Holdings Inc                | Lighthouse Parent Holdings Inc Term Loan                                         | CUSIP: 53229NAD5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     59019 | PA      | $58606.09     | 0.01%             | 2031-12-22      | Floating      | 8.42%                 | No            |                  3 | On Loan: No      |
| LSF12 HELIX PARENT LLC                        | LSF12 Helix Parent LLC USD Term Loan B                                           | CUSIP: 54913EAB8<br>LEI: 254900H70V4IL22BHL88 | Long             | LON              | CORP              | US        |   4392725 | PA      | $4329030.87   | 0.82%             | 2033-02-10      | Floating      | 7.17%                 | No            |                  2 | On Loan: No      |
| MRP Buyer LLC                                 | MRP Buyer LLC Term Loan                                                          | CUSIP: 55351DAB6<br>LEI: 254900P4JAIDEHZ3O147 | Long             | LON              | CORP              | US        |   1309089 | PA      | $1307452.95   | 0.25%             | 2032-06-04      | Floating      | 6.95%                 | No            |                  2 | On Loan: No      |
| Madison Park Funding Ltd                      | Madison Park Funding XXXIII Ltd                                                  | CUSIP: 55819JAS2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $2007508.60   | 0.38%             | 2032-10-15      | Floating      | 5.87%                 | No            |                  2 | On Loan: No      |
| Magenta Security Holdings LLC                 | Magenta Security Holdings LLC 2024 Super Priority Term Loan                      | CUSIP: 55909UAC3<br>LEI: 254900F51KU7HIRXTS68 | Long             | LON              | CORP              | US        |   4069130 | PA      | $4020300.86   | 0.76%             | 2028-07-27      | Floating      | 9.92%                 | No            |                  2 | On Loan: No      |
| MAGNERA CORP                                  | Magnera Corp                                                                     | CUSIP: 55939AAA5<br>LEI: 549300LDQLQBT38QDY28 | Long             | DBT              | CORP              | US        |    769000 | PA      | $711786.40    | 0.13%             | 2031-11-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Marble Point CLO Ltd.                         | Marble Point CLO XV Ltd                                                          | CUSIP: 56606XAA5<br>LEI: 549300CO8XB55W8SS394 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $470739.30    | 0.09%             | 2032-07-23      | Floating      | 10.76%                | No            |                  2 | On Loan: No      |
| Red Planet Borrower LLC                       | Red Planet Borrower LLC 2025 Term Loan B                                         | CUSIP: 57165KAE6<br>LEI: 254900LGTHBRY5NA0C90 | Long             | LON              | CORP              | US        |   3056250 | PA      | $2984428.33   | 0.56%             | 2032-09-08      | Floating      | 7.67%                 | No            |                  2 | On Loan: No      |
| MAUSER PACKAGING SOLUT                        | Mauser Packaging Solutions Holding Co                                            | CUSIP: 57763RAE7<br>LEI: 549300DNGHXL0OMHW304 | Long             | DBT              | CORP              | US        |    299000 | PA      | $299000.00    | 0.06%             | 2030-04-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| MAUSER PACKAGING SOLUT                        | Mauser Packaging Solutions Holding Co                                            | CUSIP: 57763RAF4<br>LEI: 549300DNGHXL0OMHW304 | Long             | DBT              | CORP              | US        |     20000 | PA      | $18583.36     | 0.00%             | 2030-04-15      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| MCAFEE CORP                                   | McAfee Corp                                                                      | CUSIP: 579063AB4<br>LEI: 2549009UKR8UEZYVCR93 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1239286.95   | 0.23%             | 2030-02-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Mckissock Investment Holdings LLC             | Mckissock Investment Holdings LLC 2022 Term Loan                                 | CUSIP: 58175BAF9<br>LEI: 254900B3MAPBGA9FOO88 | Long             | LON              | CORP              | US        |    129994 | PA      | $112444.72    | 0.02%             | 2029-03-12      | Floating      | 8.82%                 | No            |                  2 | On Loan: No      |
| Mckissock Investment Holdings LLC             | Mckissock Investment Holdings LLC Incremental Term Loan                          | CUSIP: 58175BAG7<br>LEI: 254900B3MAPBGA9FOO88 | Long             | LON              | CORP              | US        |    902882 | PA      | $780992.98    | 0.15%             | 2029-03-12      | Floating      | 8.67%                 | No            |                  2 | On Loan: No      |
| Medical Solutions Holdings Inc                | Medical Solutions Holdings Inc 2021 1st Lien Term Loan                           | CUSIP: 58462QAH4<br>LEI: 549300JH2XHZ7TIKYR39 | Long             | LON              | CORP              | US        |        45 | PA      | $8.84         | 0.00%             | 2028-11-01      | Floating      | 7.27%                 | No            |                  2 | On Loan: No      |
| Medical Solutions Holdings Inc                | Medical Solutions Holdings Inc 2021 2nd Lien Term Loan                           | CUSIP: 58462QAM3<br>LEI: 549300JH2XHZ7TIKYR39 | Long             | LON              | CORP              | US        |     80000 | PA      | $6400.00      | 0.00%             | 2029-11-01      | Floating      | 10.77%                | No            |                  2 | On Loan: No      |
| MICHAELS COS INC/THE                          | Michaels Cos Inc/The                                                             | CUSIP: 59408QAA4<br>LEI: 549300H9LWMBP7HYLR98 | Long             | DBT              | CORP              | US        |   2310000 | PA      | $2151077.54   | 0.41%             | 2034-03-15      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| MICHAELS COS INC/THE                          | Michaels Cos Inc/The                                                             | CUSIP: 59408QAB2<br>LEI: 549300H9LWMBP7HYLR98 | Long             | DBT              | CORP              | US        |   4746000 | PA      | $4620202.52   | 0.87%             | 2033-03-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Michaels Companies, Inc. (The)                | MICHAELS COMPANIES INC THE 2026 TERM LOAN B                                      | CUSIP: 59408UAE7<br>LEI: 549300H9LWMBP7HYLR98 | Long             | LON              | CORP              | US        |   1493819 | PA      | $1446465.16   | 0.27%             | 2033-03-15      | Floating      | 8.67%                 | No            |                  2 | On Loan: No      |
| Gainwell Acquisition Corp                     | Gainwell Acquisition Corp Term Loan B                                            | CUSIP: 59909TAC8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    266423 | PA      | $258209.37    | 0.05%             | 2027-10-01      | Floating      | 7.80%                 | No            |                  2 | On Loan: No      |
| ATHENAHEALTH GROUP INC                        | AthenaHealth Group Inc                                                           | CUSIP: 60337JAA4<br>LEI: 254900AA3KZN4Q7A5Z33 | Long             | DBT              | CORP              | US        |    268000 | PA      | $251551.15    | 0.05%             | 2030-02-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| MITCHELL INTERNATIONAL INC                    | Mitchell International Inc 2026 Term Loan                                        | CUSIP: 60662WBB7<br>LEI: 5493002RDNIGEM7SSV41 | Long             | LON              | CORP              | US        |   1361595 | PA      | $1295871.21   | 0.24%             | 2031-06-17      | Floating      | 6.67%                 | No            |                  2 | On Loan: No      |
| MOHEGAN TRIBAL / MS DIG                       | Mohegan Tribal Gaming Authority / MS Digital Entertainment Holdings LLC          | CUSIP: 60832QAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1413000 | PA      | $1446530.49   | 0.27%             | 2030-04-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| NEP Group Inc                                 | NEP Group Inc 2025 Term Loan B                                                   | CUSIP: 62908HAR6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2522325 | PA      | $2274960.82   | 0.43%             | 2031-10-17      | Floating      | 8.17%                 | No            |                  2 | On Loan: No      |
| CSC Holdings LLC                              | CSC Holdings LLC 2019 Term Loan B5                                               | CUSIP: 64072UAK8<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | LON              | CORP              | US        |    131948 | PA      | $115990.59    | 0.02%             | 2027-04-15      | Floating      | 8.25%                 | No            |                  2 | On Loan: No      |
| Neuberger Berman CLO Ltd                      | Neuberger Berman Loan Advisers CLO 49 Ltd                                        | CUSIP: 64135JBA9<br>LEI: 549300IN02DS1MN5HW62 | Long             | ABS-CBDO         | CORP              | JE        |   1000000 | PA      | $999669.40    | 0.19%             | 2037-12-25      | Floating      | 5.42%                 | No            |                  2 | On Loan: No      |
| RITHM CAPITAL CORP                            | Rithm Capital Corp                                                               | CUSIP: 64828TAB8<br>LEI: 549300WNTHGEO5LP2G31 | Long             | DBT              |  | US        |   1446000 | PA      | $1420594.65   | 0.27%             | 2029-04-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| RITHM CAPITAL CORP                            | Rithm Capital Corp                                                               | CUSIP: 64828TAC6<br>LEI: 549300WNTHGEO5LP2G31 | Long             | DBT              |  | US        |   1447000 | PA      | $1396616.62   | 0.26%             | 2030-07-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| NP KABA MERGERSUB INC                         | NP Kaba Mergersub Inc Term Loan                                                  | CUSIP: 65342SAB4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   4465326 | PA      | $4416679.84   | 0.83%             | 2033-01-31      | Floating      | 8.20%                 | No            |                  3 | On Loan: No      |
| Northwoods Capital Ltd                        | Northwoods Capital XV Ltd                                                        | CUSIP: 66860HAK8<br>LEI: 549300YIKFTAGHX8G333 | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $229456.40    | 0.04%             | 2038-03-20      | Floating      | 10.99%                | No            |                  2 | On Loan: No      |
| OceanKey (US) II Corp                         | OceanKey (US) II Corp 2021 Term Loan                                             | CUSIP: 67526KAC3<br>LEI: 254900Q3ECXZMSZNNZ82 | Long             | LON              | CORP              | US        |   2182333 | PA      | $2045937.19   | 0.39%             | 2028-12-15      | Floating      | 7.27%                 | No            |                  2 | On Loan: No      |
| OHA Loan Funding Ltd                          | OHA Loan Funding 2013-1 Ltd                                                      | CUSIP: 67706HCC0<br>LEI: 25490072LQI0R2J4XC93 | Long             | ABS-CBDO         | CORP              | KY        |    750000 | PA      | $751578.90    | 0.14%             | 2037-04-23      | Floating      | 6.97%                 | No            |                  2 | On Loan: No      |
| Oak Hill Credit Partners                      | OHA Credit Partners XV Ltd                                                       | CUSIP: 67707BAR1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1500000 | PA      | $1504527.15   | 0.28%             | 2037-04-20      | Floating      | 7.12%                 | No            |                  2 | On Loan: No      |
| Oak Hill Credit Partners                      | OHA Credit Funding 2 LTD                                                         | CUSIP: 67707ECA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $985673.20    | 0.19%             | 2038-01-21      | Floating      | 6.37%                 | No            |                  2 | On Loan: No      |
| ONEX TSG INTERMEDIATE CORP                    | Onex TSG Intermediate Corp 2026 Term Loan B                                      | CUSIP: 68276QAP1<br>LEI: 5493006IJC5WXT1WJK88 | Long             | LON              | CORP              | US        |    859249 | PA      | $862256.37    | 0.16%             | 2032-08-06      | Floating      | 6.95%                 | No            |                  2 | On Loan: No      |
| OneDigital Borrower LLC                       | OneDigital Borrower LLC 2025 Repriced Term Loan                                  | CUSIP: 68277FAN9<br>LEI: 2549009GTKWWAO1E9X77 | Long             | LON              | CORP              | US        |   1452169 | PA      | $1400893.39   | 0.26%             | 2031-07-02      | Floating      | 6.67%                 | No            |                  2 | On Loan: No      |
| OneSky Flight, LLC                            | OneSky Flight LLC 2026 Term Loan B                                               | CUSIP: 68279FAB3<br>LEI: 549300PM6NEPXGG5B882 | Long             | LON              | CORP              | US        |   1375232 | PA      | $1370074.88   | 0.26%             | 2033-02-17      | Floating      | 6.43%                 | No            |                  3 | On Loan: No      |
| Orion US Finco Inc                            | Orion US Finco Inc 2nd Lien Term Loan                                            | CUSIP: 68631KAE9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1471978 | PA      | $1376299.83   | 0.26%             | 2033-10-10      | Floating      | 9.15%                 | No            |                  3 | On Loan: No      |
| Osaic Holdings, Inc.                          | Osaic Holdings Inc 2026 Term Loan B                                              | CUSIP: 68773JAJ9<br>LEI: 549300XL60BDV6UW5C86 | Long             | LON              | CORP              | US        |   1373277 | PA      | $1346333.66   | 0.25%             | 2032-07-30      | Floating      | 6.20%                 | No            |                  2 | On Loan: No      |
| PECF USS Intermediate Holding III Corporation | PECF USS INTERMDTE HLD III CRP 2026 TERM LOAN                                    | CUSIP: 69291LAJ5<br>LEI: 254900DIL842DEXPYJ91 | Long             | LON              | CORP              | US        |      7915 | PA      | $7568.73      | 0.00%             | 2033-03-03      | Floating      | 11.17%                | No            |                  2 | On Loan: No      |
| PAI Holdco Inc                                | PAI Holdco Inc 2020 Term Loan B                                                  | CUSIP: 69315JAG8<br>LEI: 2549001NJ55NUV372F56 | Long             | LON              | CORP              | US        |   3656930 | PA      | $3428371.89   | 0.65%             | 2027-10-28      | Floating      | 7.68%                 | No            |                  2 | On Loan: No      |
| Pye-Barker Fire & Safety, LLC                 | Pye-Barker Fire & Safety LLC 2025 Term Loan                                      | CUSIP: 69380SAB9<br>LEI: 254900K8RDMGUBC44870 | Long             | LON              | CORP              | US        |    797488 | PA      | $798197.97    | 0.15%             | 2032-12-16      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| Pye-Barker Fire & Safety, LLC                 | Pye-Barker Fire & Safety LLC 2025 Delayed Draw Term Loan                         | CUSIP: 69380SAC7<br>LEI: 254900K8RDMGUBC44870 | Long             | LON              | CORP              | US        |    119165 | PA      | $119270.97    | 0.02%             | 2032-12-16      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| Palmer Square CLO Ltd                         | Palmer Square CLO 2021-4 Ltd                                                     | CUSIP: 69702EAS4<br>LEI: 254900HTQ89UZTKY6247 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1000642.90   | 0.19%             | 2038-07-15      | Floating      | 5.52%                 | No            |                  2 | On Loan: No      |
| PANTHER ESCROW ISSUER                         | Panther Escrow Issuer LLC                                                        | CUSIP: 69867RAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    193000 | PA      | $193648.29    | 0.04%             | 2031-06-01      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| PAR PETROLEUM LLC                             | Par Petroleum LLC 2025 Term Loan B                                               | CUSIP: 69889PAF2<br>LEI: 984500CCF05C2FB39F45 | Long             | LON              | CORP              | US        |   1468464 | PA      | $1467362.34   | 0.28%             | 2030-02-28      | Floating      | 6.93%                 | No            |                  2 | On Loan: No      |
| Park River Holdings Inc                       | Park River Holdings Inc 2025 Term Loan                                           | CUSIP: 70082HAE6<br>LEI: 254900PGY077KWCROT75 | Long             | LON              | CORP              | US        |         0 | PA      | $0.00         | 0.00%             | 2031-03-15      | Floating      | 8.16%                 | No            |                  2 | On Loan: No      |
| Peninsula Pacific Entertainment LLC           | Peninsula Pacific Entertainment LLC 2025 Term Loan B                             | CUSIP: 70715SAB3<br>LEI: 549300LWV74H4IE3FG45 | Long             | LON              | CORP              | US        |   2321229 | PA      | $2309622.58   | 0.44%             | 2032-10-01      | Floating      | 8.45%                 | No            |                  2 | On Loan: No      |
| Peninsula Pacific Entertainment LLC           | Peninsula Pacific Entertainment LLC 2025 Delayed Draw Term Loan                  | CUSIP: 70715SAD9<br>LEI: 549300LWV74H4IE3FG45 | Long             | LON              | CORP              | US        |    279819 | PA      | $278419.87    | 0.05%             | 2032-10-01      | Floating      | 8.42%                 | No            |                  2 | On Loan: No      |
| Petco Health and Wellness Company, Inc.       | Petco Health and Wellness Company Inc 2026 Term Loan B                           | CUSIP: 71601HAG1<br>LEI: 2549007TYGV6RVSE9M61 | Long             | LON              | CORP              | US        |   5368835 | PA      | $5236439.53   | 0.99%             | 2031-02-03      | Floating      | 7.95%                 | No            |                  2 | On Loan: No      |
| PETSMART LLC/PETSMART FI                      | PetSmart LLC / PetSmart Finance Corp                                             | CUSIP: 71677KAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2092000 | PA      | $2102188.04   | 0.40%             | 2032-09-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| PETSMART LLC/PETSMART FI                      | PetSmart LLC / PetSmart Finance Corp                                             | CUSIP: 71677KAD0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1828000 | PA      | $1823801.45   | 0.34%             | 2033-09-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| PFI Lower Midco LLC                           | PFI Lower Midco LLC Term Loan B                                                  | CUSIP: 71706PAB8<br>LEI: 549300H3K3S9HXKVDV78 | Long             | LON              | CORP              | US        |    683797 | PA      | $685082.76    | 0.13%             | 2032-12-01      | Floating      | 7.67%                 | No            |                  2 | On Loan: No      |
| Parexel International Corporation             | Parexel International Corporation 2025 Repriced Term Loan B                      | CUSIP: 71911KAF1<br>LEI: 549300GCZVUYB6P2OA17 | Long             | LON              | CORP              | US        |   3301504 | PA      | $3287736.24   | 0.62%             | 2031-12-12      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| Pikes Peak CLO                                | Pikes Peak CLO 7                                                                 | CUSIP: 72133FBE4<br>LEI: 549300JQ4WDEE3E7C876 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $986505.08    | 0.19%             | 2037-02-25      | Floating      | 8.18%                 | No            |                  2 | On Loan: No      |
| Ping Identity Corporation                     | Ping Identity Corporation 2025 Term Loan                                         | CUSIP: 72342MAB3<br>LEI: 254900DJEBSADAC6R313 | Long             | LON              | CORP              | US        |    610074 | PA      | $601685.77    | 0.11%             | 2032-11-15      | Floating      | 6.42%                 | No            |                  3 | On Loan: No      |
| Planet US Buyer LLC                           | Planet US Buyer LLC 2024 Term Loan B                                             | CUSIP: 72706RAB2<br>LEI: 254900ZE51SEX2EFFH74 | Long             | LON              | CORP              | US        |     21706 | PA      | $21688.30     | 0.00%             | 2031-02-07      | Floating      | 6.67%                 | No            |                  2 | On Loan: No      |
| Polaris Newco LLC                             | Polaris Newco LLC USD Term Loan B                                                | CUSIP: 73108RAB4<br>LEI: 254900LEPDAG7EDOA064 | Long             | LON              | CORP              | US        |   5916137 | PA      | $5191410.19   | 0.98%             | 2028-06-02      | Floating      | 7.68%                 | No            |                  2 | On Loan: No      |
| PRAIRIE ECI ACQUIROR LP                       | Prairie ECI Acquiror LP 2026 Repriced Term Loan B                                | CUSIP: 73955HAG9<br>LEI: 254900Q6KU2LVSIISH22 | Long             | LON              | CORP              | US        |   1043809 | PA      | $1044591.80   | 0.20%             | 2029-08-01      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| Precision Medicine Group LLC                  | Precision Medicine Group LLC 2025 Term Loan B                                    | CUSIP: 74028HAG0<br>LEI: 5493005RG0LYTBKL8W81 | Long             | LON              | CORP              | US        |   1138141 | PA      | $1135296.05   | 0.21%             | 2032-08-20      | Floating      | 7.17%                 | No            |                  2 | On Loan: No      |
| PREIT Associates LP                           | PREIT Associates LP 2024 Term Loan                                               | CUSIP: 74044UAW6<br>LEI: 54930041KOX8ORVMNG55 | Long             | LON              | CORP              | US        |   3626830 | PA      | $3708434.10   | 0.70%             | 2029-04-01      | Floating      | 10.67%                | No            |                  2 | On Loan: No      |
| Project Alpha Intermediate Holding, Inc.      | Project Alpha Intermediate Holding Inc 2024 1st Lien Term Loan B                 | CUSIP: 74339DAN8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1426075 | PA      | $1074419.32   | 0.20%             | 2030-10-26      | Floating      | 6.95%                 | No            |                  2 | On Loan: No      |
| PROOFPOINT INC                                | Proofpoint Inc 2025 Repriced Term Loan                                           | CUSIP: 74345HAJ0<br>LEI: 529900C5FODDK0WSR085 | Long             | LON              | CORP              | US        |   2766532 | PA      | $2674323.65   | 0.50%             | 2028-08-31      | Floating      | 6.70%                 | No            |                  2 | On Loan: No      |
| Spectris Plc                                  | Spectris Plc USD Term Loan                                                       | CUSIP: 74352DAB6<br>LEI: 213800Z4CO2CZO3M3T10 | Long             | LON              | CORP              | US        |     11970 | PA      | $11970.00     | 0.00%             | 2032-12-06      | Floating      | 6.45%                 | No            |                  2 | On Loan: No      |
| Quorum Health Corporation                     | Quorum Health Corporation 2020 Term Loan                                         | CUSIP: 74909HAE9<br>LEI: 549300PO3E4YREFT1I57 | Long             | LON              | CORP              | US        |   3840393 | PA      | $2553861.62   | 0.48%             | 2028-01-28      | Floating      | 10.25%                | No            |                  3 | On Loan: No      |
| Raven Acquisition Holdings LLC                | Raven Acquisition Holdings LLC Term Loan B                                       | CUSIP: 75419XAC8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1342065 | PA      | $1314982.25   | 0.25%             | 2031-11-19      | Floating      | 6.67%                 | No            |                  2 | On Loan: No      |
| RESILIENCE PARENT LLC                         | Resilience Parent LLC 1st Lien Term Loan                                         | CUSIP: 75908HAC1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    632840 | PA      | $629080.93    | 0.12%             | 2033-02-28      | Floating      | 6.10%                 | No            |                  2 | On Loan: No      |
| Research Now Group Inc                        | Research Now Group Inc 2024 First Lien First Out Term Loan                       | CUSIP: 76100MAB6<br>LEI: 549300XTHJNIVC5Q8K50 | Long             | LON              | CORP              | US        |   2756548 | PA      | $2689370.64   | 0.51%             | 2028-07-15      | Floating      | 8.91%                 | No            |                  2 | On Loan: No      |
| Research Now Group Inc                        | Research Now Group Inc 2024 First Lien Second Out Term Loan                      | CUSIP: 76100MAC4<br>LEI: 549300XTHJNIVC5Q8K50 | Long             | LON              | CORP              | US        |   5693147 | PA      | $2875039.03   | 0.54%             | 2028-10-15      | Floating      | 9.41%                 | No            |                  2 | On Loan: No      |
| Rocket Software Inc                           | Rocket Software Inc 2023 USD Term Loan B                                         | CUSIP: 77313DAW1<br>LEI: 549300PVG26ISP5X1556 | Long             | LON              | CORP              | US        |   3821073 | PA      | $3657493.31   | 0.69%             | 2028-11-28      | Floating      | 7.42%                 | No            |                  2 | On Loan: No      |
| ROCKET SOFTWARE INC                           | Rocket Software Inc                                                              | CUSIP: 77314EAB4<br>LEI: 549300PVG26ISP5X1556 | Long             | DBT              | CORP              | US        |   1272000 | PA      | $1270089.77   | 0.24%             | 2028-11-28      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| SBL HOLDINGS INC                              | SBL Holdings Inc                                                                 | CUSIP: 78397DAC2<br>LEI: 635400MJW3QDSBJRKQ59 | Long             | DBT              | CORP              | US        |   1725000 | PA      | $1424679.40   | 0.27%             | 2026-11-13      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| SESI LLC                                      | SESI LLC                                                                         | CUSIP: 78412FAX2<br>LEI: XDZ56K6RXS5J1ESBZS35 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $4078848.00   | 0.77%             | 2030-09-30      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| SGH2 LLC                                      | SGH2 LLC 2025 USD Term Loan B                                                    | CUSIP: 78424SAB8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1466528 | PA      | $1439031.02   | 0.27%             | 2032-08-18      | Floating      | 8.20%                 | No            |                  3 | On Loan: No      |
| Springs Windows Fashions LLC                  | Springs Windows Fashions LLC 2024 First Lien Second Out TL A2                    | CUSIP: 78489HAE8<br>LEI: 5493000CMZKPQ7BKPB20 | Long             | LON              | CORP              | US        |    590832 | PA      | $368283.31    | 0.07%             | 2028-10-06      | Floating      | 7.78%                 | No            |                  2 | On Loan: No      |
| St George's University Scholastic Services    | St George's University Scholastic Services 2022 Term Loan B                      | CUSIP: 78957LAF9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    992121 | PA      | $971246.77    | 0.18%             | 2029-02-10      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| SCIL IV LLC                                   | SCIL IV LLC USD Term Loan B                                                      | CUSIP: 80881LAC3<br>LEI: 984500E0P46NA78BDF93 | Long             | LON              | CORP              | US        |   1315566 | PA      | $1308172.36   | 0.25%             | 2032-11-08      | Floating      | 7.79%                 | No            |                  2 | On Loan: No      |
| Sedgwick Claims Management Services Inc       | Sedgwick Claims Management Services Inc 2023 Term Loan B                         | CUSIP: 81527CAP2<br>LEI: 549300BIN4DWJG5VWF64 | Long             | LON              | CORP              | US        |   1492481 | PA      | $1463437.52   | 0.28%             | 2031-07-31      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| 720 East CLO Ltd.                             | 720 East CLO 2022-I Ltd                                                          | CUSIP: 81785AAQ1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1001239.60   | 0.19%             | 2038-01-20      | Floating      | 5.57%                 | No            |                  2 | On Loan: No      |
| Showtime Acquisition LLC                      | Showtime Acquisition LLC 2024 1st Lien Term Loan                                 | CUSIP: 82540EAC8<br>LEI: 54930002EOYTEFEJFW69 | Long             | LON              | CORP              | US        |   4881250 | PA      | $4816970.50   | 0.91%             | 2031-08-16      | Floating      | 8.40%                 | No            |                  3 | On Loan: No      |
| Silver Point CLO, Ltd                         | Silver Point Clo 5 Ltd                                                           | CUSIP: 82809BAG1<br>LEI: 254900IB4JHW6SUR0Q75 | Long             | ABS-CBDO         | CORP              | KY        |   1250000 | PA      | $1253870.13   | 0.24%             | 2037-10-20      | Floating      | 5.77%                 | No            |                  2 | On Loan: No      |
| SINCLAIR TELEVISION GROU                      | Sinclair Television Group Inc                                                    | CUSIP: 829259BH2<br>LEI: 549300CQGEN0CH65UD62 | Long             | DBT              | CORP              | US        |   1407000 | PA      | $1430306.96   | 0.27%             | 2033-02-15      | Fixed         | 8.13%                 | No            |                  2 | On Loan: No      |
| Sixth Street CLO XVI, LTD.                    | Sixth Street CLO XIX Ltd                                                         | CUSIP: 83012KAU1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $987312.50    | 0.19%             | 2038-07-17      | Floating      | 6.47%                 | No            |                  2 | On Loan: No      |
| SKILLZ INC                                    | Skillz Inc                                                                       | CUSIP: 83067LAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2518000 | PA      | $2266200.00   | 0.43%             | 2026-12-15      | Fixed         | 10.25%                | No            |                  2 | On Loan: No      |
| MSM Acquisitions Inc                          | MSM Acquisitions Inc Term Loan                                                   | CUSIP: 83089HAB8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1085439 | PA      | $759807.12    | 0.14%             | 2026-12-09      | Floating      | 9.67%                 | No            |                  3 | On Loan: No      |
| MSM Acquisitions Inc                          | MSM Acquisitions Inc Delayed Draw Term Loan                                      | CUSIP: 83089HAC6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    357878 | PA      | $250514.28    | 0.05%             | 2026-12-09      | Floating      | 9.67%                 | No            |                  3 | On Loan: No      |
| MSM Acquisitions Inc                          | MSM Acquisitions Inc Revolver                                                    | CUSIP: 83089HAD4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    149689 | PA      | $104782.39    | 0.02%             | 2026-12-09      | Floating      | 9.67%                 | No            |                  3 | On Loan: No      |
| TTF Holdings LLC                              | TTF Holdings LLC 2024 Term Loan                                                  | CUSIP: 83421EAB2<br>LEI: 254900IIAWXPGAIX2Q35 | Long             | LON              | CORP              | US        |   2446047 | PA      | $1810074.46   | 0.34%             | 2031-07-18      | Floating      | 7.38%                 | No            |                  2 | On Loan: No      |
| SonicWall US Holdings Inc                     | SonicWall US Holdings Inc 2023 Term Loan                                         | CUSIP: 83547MAF4<br>LEI: 549300KJE1MHNCWBX302 | Long             | LON              | CORP              | US        |    216073 | PA      | $63562.08     | 0.01%             | 2028-05-18      | Floating      | 8.70%                 | No            |                  2 | On Loan: No      |
| Sound Point CLO LTD                           | Sound Point CLO XXVIII Ltd                                                       | CUSIP: 83615CAE6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    870000 | PA      | $873142.18    | 0.16%             | 2032-01-25      | Floating      | 6.18%                 | No            |                  2 | On Loan: No      |
| STAPLES INC                                   | Staples Inc                                                                      | CUSIP: 855030AQ5<br>LEI: XQM2JINI1UL7642TU573 | Long             | DBT              | CORP              | US        |   1327000 | PA      | $1227235.21   | 0.23%             | 2029-09-01      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| Staples Inc                                   | Staples Inc 2024 Term Loan B                                                     | CUSIP: 855031AU4<br>LEI: XQM2JINI1UL7642TU573 | Long             | LON              | CORP              | US        |   1094188 | PA      | $991947.14    | 0.19%             | 2029-09-04      | Floating      | 9.41%                 | No            |                  2 | On Loan: No      |
| Star Holding LLC                              | Star Holding LLC 2024 1st Lien Term Loan B                                       | CUSIP: 85512FAC2<br>LEI: 254900BDGPE9N1WAKD59 | Long             | LON              | CORP              | US        |   1467292 | PA      | $1443815.60   | 0.27%             | 2031-07-31      | Floating      | 8.17%                 | No            |                  2 | On Loan: No      |
| STAR HOLDING LLC                              | Star Holding LLC                                                                 | CUSIP: 85513AAA6<br>LEI: 254900BDGPE9N1WAKD59 | Long             | DBT              | CORP              | US        |   1472000 | PA      | $1493395.52   | 0.28%             | 2031-08-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| Storable Intermediate Holdings, LLC           | Storable Intermediate Holdings LLC 2025 Term Loan B                              | CUSIP: 86210LAD0<br>LEI: 2549000AWFN27KOH3F59 | Long             | LON              | CORP              | US        |    626778 | PA      | $598886.49    | 0.11%             | 2031-04-16      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| Summit Acquisition Inc                        | Summit Acquisition Inc 2025 Add-on Term Loan                                     | CUSIP: 86600DAH7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1460815 | PA      | $1457163.41   | 0.27%             | 2031-10-16      | Floating      | 7.17%                 | No            |                  3 | On Loan: No      |
| Surf Holdings LLC                             | Surf Holdings LLC 2025 Incremental Term Loan                                     | CUSIP: 86875TAE7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1604393 | PA      | $1523675.92   | 0.29%             | 2027-03-05      | Floating      | 7.28%                 | No            |                  2 | On Loan: No      |
| Symphony CLO Ltd                              | Symphony CLO XXII Ltd                                                            | CUSIP: 87167GCP3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1500000 | PA      | $1504980.00   | 0.28%             | 2033-04-18      | Floating      | 5.77%                 | No            |                  2 | On Loan: No      |
| Star Parent Inc                               | Star Parent Inc Term Loan B                                                      | CUSIP: 87169DAB1<br>LEI: 254900GRGCJYRMDRWT73 | Long             | LON              | CORP              | US        |   1422979 | PA      | $1405447.76   | 0.27%             | 2030-09-27      | Floating      | 7.70%                 | No            |                  2 | On Loan: No      |
| TouchTunes Interactive Networks Inc           | TouchTunes Interactive Networks Inc 2024 Incremental Term Loan                   | CUSIP: 87222BAD6<br>LEI: 254900M8EWU7MLR0PW90 | Long             | LON              | CORP              | US        |   3544572 | PA      | $3387299.51   | 0.64%             | 2029-04-02      | Floating      | 8.45%                 | No            |                  2 | On Loan: No      |
| TMK Hawk Parent Corp                          | TMK Hawk Parent Corp 2024 Term Loan B                                            | CUSIP: 87258WAV7<br>LEI: 5493005BF4TIZRN1TY89 | Long             | LON              | CORP              | US        |     42426 | PA      | $19303.95     | 0.00%             | 2029-07-02      | Floating      | 7.67%                 | No            |                  3 | On Loan: No      |
| TMK Hawk Parent Corp                          | TMK Hawk Parent Corp 2024 PIK Term Loan                                          | CUSIP: 87258WAW5<br>LEI: 5493005BF4TIZRN1TY89 | Long             | LON              | CORP              | US        |      1488 | PA      | $0.00         | 0.00%             | 2031-12-15      | Fixed         | 11.00%                | No            |                  3 | On Loan: No      |
| TEAM HEALTH HOLDINGS INC                      | Team Health Holdings Inc 2026 Repriced Term Loan B                               | CUSIP: 87817JAJ7<br>LEI: 549300PVTQ4UDTTMQT11 | Long             | LON              | CORP              | US        |   1897483 | PA      | $1887995.78   | 0.36%             | 2028-06-30      | Floating      | 7.66%                 | No            |                  2 | On Loan: No      |
| Team Services Group                           | Team Services Group Second Lien Term Loan                                        | CUSIP: 87821EAE3<br>LEI: 2549000UQACQVCO13Y82 | Long             | LON              | CORP              | US        |         0 | PA      | $0.00         | 0.00%             | 2028-12-18      | Floating      | 12.66%                | No            |                  2 | On Loan: No      |
| TENNECO INC                                   | Tenneco Inc                                                                      | CUSIP: 880349AU9<br>LEI: 549300U0EXXFAQFAD785 | Long             | DBT              | CORP              | US        |   1448000 | PA      | $1442849.90   | 0.27%             | 2028-11-17      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Tenneco Inc                                   | Tenneco Inc 2022 Term Loan A                                                     | CUSIP: 88037HAN4<br>LEI: 549300U0EXXFAQFAD785 | Long             | LON              | CORP              | US        |   1490083 | PA      | $1448181.90   | 0.27%             | 2028-11-17      | Floating      | 8.51%                 | No            |                  2 | On Loan: No      |
| CMG Media Corporation                         | CMG Media Corporation 2024 Term Loan                                             | CUSIP: 88145LAF1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1505313 | PA      | $1405962.72   | 0.27%             | 2029-06-18      | Floating      | 7.30%                 | No            |                  2 | On Loan: No      |
| Thrasio LLC                                   | Thrasio LLC 2024 2nd Out Take Back Term Loan                                     | CUSIP: 88552XAP9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1349514 | PA      | $997291.10    | 0.19%             | 2029-06-18      | Floating      | 11.68%                | No            |                  2 | On Loan: No      |
| Thrasio LLC                                   | Thrasio LLC 2024 1st Out Take Back Term Loan                                     | CUSIP: 88552XAQ7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    414508 | PA      | $414508.40    | 0.08%             | 2029-06-18      | Floating      | 11.93%                | No            |                  3 | On Loan: No      |
| Tikehau US CLO Ltd                            | Tikehau US CLO IV Ltd                                                            | CUSIP: 88675CAY8<br>LEI: 254900RN10DV5689GE29 | Long             | ABS-CBDO         | CORP              | BM        |   2000000 | PA      | $1982200.00   | 0.37%             | 2038-03-15      | Floating      | 7.87%                 | No            |                  2 | On Loan: No      |
| Tikehau US CLO Ltd                            | Tikehau US CLO IV Ltd                                                            | CUSIP: 88675FAE5<br>LEI: 254900RN10DV5689GE29 | Long             | ABS-CBDO         | CORP              | BM        |    250000 | PA      | $244338.18    | 0.05%             | 2038-03-15      | Floating      | 11.56%                | No            |                  2 | On Loan: No      |
| SMX Group LLC                                 | SMX Group LLC Term Loan                                                          | CUSIP: 89617EAB3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2444062 | PA      | $2403319.96   | 0.45%             | 2032-02-06      | Floating      | 8.17%                 | No            |                  2 | On Loan: No      |
| Trinitas CLO Ltd                              | Trinitas CLO XXIX Ltd                                                            | CUSIP: 89643CAA7<br>LEI: 2549000HOL90CNMWDO78 | Long             | ABS-CBDO         | CORP              | KY        |   1500000 | PA      | $1495350.75   | 0.28%             | 2037-07-23      | Floating      | 10.17%                | No            |                  2 | On Loan: No      |
| TruGreen Limited Partnership                  | TruGreen Limited Partnership 2020 Term Loan                                      | CUSIP: 89787RAH5<br>LEI: 549300QNRP2MNHR3QM19 | Long             | LON              | CORP              | US        |   1054237 | PA      | $1001525.26   | 0.19%             | 2027-11-02      | Floating      | 7.77%                 | No            |                  3 | On Loan: No      |
| Truist Insurance Holdings LLC                 | Truist Insurance Holdings LLC 2nd Lien Term Loan                                 | CUSIP: 89788VAE2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     33684 | PA      | $33294.82     | 0.01%             | 2032-05-06      | Floating      | 8.45%                 | No            |                  2 | On Loan: No      |
| Truist Insurance Holdings LLC                 | Truist Insurance Holdings LLC 2024 Term Loan B                                   | CUSIP: 89788VAG7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    204492 | PA      | $201361.17    | 0.04%             | 2031-05-06      | Floating      | 6.45%                 | No            |                  2 | On Loan: No      |
| Trulite Holding Corp                          | Trulite Holding Corp Term Loan                                                   | CUSIP: 89789MAB7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2827381 | PA      | $2601190.45   | 0.49%             | 2030-03-01      | Floating      | 9.66%                 | No            |                  3 | On Loan: No      |
| TRAVELPORT                                    | TRAVELPORT                                                                       | CUSIP: 000000000<br>LEI: IO4AG7EXK7ETMHT8ZR57 | Long             | EC               | CORP              | US        |        10 | NS      | $10296.90     | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| USI Inc                                       | USI Inc 2024 Term Loan D                                                         | CUSIP: 90351NAR6<br>LEI: 2549006D7UF7072T7I27 | Long             | LON              | CORP              | US        |   1089689 | PA      | $1086288.69   | 0.20%             | 2029-11-21      | Floating      | 5.95%                 | No            |                  2 | On Loan: No      |
| LUMEXA IMAGING INC                            | Lumexa Imaging Inc Term Loan B                                                   | CUSIP: 90372AAN8<br>LEI: 254900QCDFUYXJEFMY06 | Long             | LON              | CORP              | US        |   1661120 | PA      | $1664242.70   | 0.31%             | 2032-12-17      | Floating      | 6.70%                 | No            |                  2 | On Loan: No      |
| UNITI GROUP/CSL CAPITAL                       | Uniti Group LP / Uniti Group Finance 2019 Inc / CSL Capital LLC                  | CUSIP: 91327CAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1248000 | PA      | $1271070.24   | 0.24%             | 2032-06-15      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| VENSURE EMPLOYER SERVICES INC                 | Vensure Employer Services Inc 2024 Term Loan                                     | CUSIP: 92276AAU5<br>LEI: 549300OI92ZMA6M8UW59 | Long             | LON              | CORP              | US        |     96419 | PA      | $95954.32     | 0.02%             | 2031-09-29      | Floating      | 8.70%                 | No            |                  3 | On Loan: No      |
| THRASIO LLC                                   | THRASIO LLC                                                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     20031 | NS      | $0.20         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| VIASAT INC                                    | Viasat Inc                                                                       | CUSIP: 92552VAN0<br>LEI: UFC8NYMNFSYIHNSM2I38 | Long             | DBT              | CORP              | US        |   1096000 | PA      | $1082951.24   | 0.20%             | 2028-07-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Voya CLO Ltd                                  | Voya CLO 2022-3 Ltd                                                              | CUSIP: 92891LAT9<br>LEI: 254900MS3D9HONB0N824 | Long             | ABS-CBDO         | CORP              | JE        |    350000 | PA      | $345403.98    | 0.07%             | 2036-10-20      | Floating      | 6.27%                 | No            |                  2 | On Loan: No      |
| VOYAGER PARENT LLC                            | Voyager Parent LLC                                                               | CUSIP: 92921EAA0<br>LEI: 2549002DYVI4ACSV4V71 | Long             | DBT              | CORP              | US        |   1380000 | PA      | $1432735.32   | 0.27%             | 2032-07-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| VOYAGER PARENT LLC                            | Voyager Parent LLC Repriced Term Loan B                                          | CUSIP: 92921HAD7<br>LEI: 2549002DYVI4ACSV4V71 | Long             | LON              | CORP              | US        |   1405116 | PA      | $1393987.55   | 0.26%             | 2032-07-01      | Floating      | 7.95%                 | No            |                  2 | On Loan: No      |
| LUXCO3 SHARES                                 | LUXCO3 SHARES                                                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | FR        |      3057 | NS      | $50881.45     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| BlackRock Liquidity Funds                     | BlackRock Liquidity Funds: T-Fund, Institutional Shares                          | CUSIP: 09248U718<br>LEI: 5493007YVNX55LTRQ706 | Long             | STIV             | RF                | US        |   8066721 | NS      | $8066720.78   | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Hanna Andersson LLC                           | Hanna Andersson LLC Term Loan                                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2878750 | PA      | $2783751.25   | 0.53%             | 2026-07-02      | Floating      | 10.02%                | No            |                  3 | On Loan: No      |
| Porcelain Acquisition Corporation             | Porcelain Acquisition Corporation Term Loan                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1252204 | PA      | $550969.72    | 0.10%             | 2028-12-31      | Floating      | 7.00%                 | No            |                  3 | On Loan: No      |
| Jobandtalent USA Inc                          | Jobandtalent USA Inc Initial Term Loan                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1541386 | PA      | $1485895.89   | 0.28%             | 2028-10-13      | Floating      | 10.42%                | No            |                  3 | On Loan: No      |
| Jobandtalent USA Inc                          | Jobandtalent USA Inc Delayed Draw Term Loan                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    513795 | PA      | $495298.62    | 0.09%             | 2028-10-13      | Floating      | 10.42%                | No            |                  3 | On Loan: No      |
| IT Parent LLC                                 | IT Parent LLC 2021 Term Loan                                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    303247 | PA      | $301427.21    | 0.06%             | 2026-10-01      | Floating      | 9.27%                 | No            |                  3 | On Loan: No      |
| CoreLogic Inc                                 | CoreLogic Inc 2nd Lien Term Loan                                                 | CUSIP: 000000000<br>LEI: 54930086CD8K2UIL0516 | Long             | LON              | CORP              | US        |     30000 | PA      | $27881.03     | 0.01%             | 2029-06-04      | Floating      | 10.28%                | No            |                  2 | On Loan: No      |
| Keep Truckin Inc                              | Keep Truckin Inc Term Loan                                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2000000 | PA      | $2012000.00   | 0.38%             | 2027-04-08      | Floating      | 11.03%                | No            |                  3 | On Loan: No      |
| Aras Corporation                              | Aras Corporation Term Loan                                                       | CUSIP: 000000000<br>LEI: 25490081JPESSZQA3N35 | Long             | LON              | CORP              | US        |   3565273 | PA      | $3561708.06   | 0.67%             | 2029-04-13      | Floating      | 8.70%                 | No            |                  3 | On Loan: No      |
| Acquia Inc                                    | Acquia Inc Revolver                                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     35951 | PA      | $35366.38     | 0.01%             | 2026-10-30      | Floating      | 8.80%                 | No            |                  3 | On Loan: No      |
| Acquia Inc                                    | Acquia Inc Term Loan                                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    480902 | PA      | $473087.01    | 0.09%             | 2026-10-30      | Floating      | 8.80%                 | No            |                  3 | On Loan: No      |
| IT Parent LLC                                 | IT Parent LLC Term Loan                                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2378534 | PA      | $2364262.85   | 0.45%             | 2026-10-01      | Floating      | 9.27%                 | No            |                  3 | On Loan: No      |
| Oasis Financial LLC                           | Oasis Financial LLC 2nd Lien Term Loan                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    833333 | PA      | $833333.33    | 0.16%             | 2026-07-05      | Floating      | 12.28%                | No            |                  3 | On Loan: No      |
| Persado Inc                                   | Persado Inc Term Loan                                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     73639 | PA      | $80487.22     | 0.02%             | 2027-06-10      | Floating      | 11.17%                | No            |                  3 | On Loan: No      |
| Pico Quantitative Trading Holdings LLC        | Pico Quantitative Trading Holdings LLC Term Loan                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    438900 | PA      | $441094.99    | 0.08%             | 2027-02-08      | Floating      | 11.18%                | No            |                  3 | On Loan: No      |
| Greystone Affordable Housing Initiatives LLC  | Greystone Affordable Housing Initiatives LLC Delayed Draw Term Loan              | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2800000 | PA      | $2744000.00   | 0.52%             | 2027-03-02      | Floating      | 10.06%                | No            |                  3 | On Loan: No      |
| HowlCo LLC                                    | HowlCo LLC Term Loan                                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1183214 | PA      | $1142032.44   | 0.22%             | 2027-10-22      | Floating      | 6.83%                 | No            |                  3 | On Loan: No      |
| Gainwell Acquisition Corp                     | Gainwell Acquisition Corp 2nd Lien Term Loan                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    993802 | PA      | $948087.11    | 0.18%             | 2028-10-02      | Floating      | 11.75%                | No            |                  3 | On Loan: No      |
| OLA Netherlands B.V.                          | OLA Netherlands BV Term Loan                                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | NL        |    108106 | PA      | $107295.02    | 0.02%             | 2026-12-15      | Floating      | 10.02%                | No            |                  2 | On Loan: No      |
| Zilliant Incorporated                         | Zilliant Inc Revolver                                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    148148 | PA      | $96444.45     | 0.02%             | 2027-12-21      | Floating      | 11.75%                | No            |                  3 | On Loan: No      |
| Zilliant Incorporated                         | Zilliant Inc Delayed Draw Term Loan                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    327648 | PA      | $213298.87    | 0.04%             | 2027-12-21      | Floating      | 9.77%                 | No            |                  3 | On Loan: No      |
| Zilliant Incorporated                         | Zilliant Inc Term Loan                                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1789445 | PA      | $1164928.43   | 0.22%             | 2027-12-21      | Floating      | 9.77%                 | No            |                  3 | On Loan: No      |
| Integrate.com Inc                             | Integratecom Inc Revolver                                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    139384 | PA      | $131021.56    | 0.02%             | 2027-12-15      | Floating      | 10.61%                | No            |                  3 | On Loan: No      |
| Integrate.com Inc                             | Integratecom Inc Delayed Draw Term Loan                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    103748 | PA      | $97523.29     | 0.02%             | 2027-12-15      | Floating      | 10.60%                | No            |                  3 | On Loan: No      |
| Integrate.com Inc                             | Integratecom Inc Term Loan                                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1632748 | PA      | $1534786.03   | 0.29%             | 2027-12-15      | Floating      | 10.60%                | No            |                  3 | On Loan: No      |
| Wealth Enhancement Group LLC                  | Wealth Enhancement Group LLC 2021 August Delayed Draw Term Loan                  | CUSIP: 000000000<br>LEI: 254900REFAEILHE3RX56 | Long             | LON              | CORP              | US        |   1161306 | PA      | $1156491.03   | 0.22%             | 2028-10-02      | Floating      | 7.91%                 | No            |                  3 | On Loan: No      |
| Kid Distro Holdings LLC                       | Kid Distro Holdings LLC Term Loan                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3237600 | PA      | $3185356.49   | 0.60%             | 2029-10-01      | Floating      | 7.92%                 | No            |                  3 | On Loan: No      |
| Thermostat Purchaser III Inc                  | Thermostat Purchaser III Inc 2nd Lien Term Loan                                  | CUSIP: 000000000<br>LEI: 254900K7OD47ERJZN242 | Long             | LON              | CORP              | US        |   1387806 | PA      | $1387805.51   | 0.26%             | 2029-08-31      | Floating      | 11.07%                | No            |                  3 | On Loan: No      |
| Bytedance Ltd                                 | Bytedance Ltd                                                                    | CUSIP: 000000000<br>LEI: 54930057HU24VGK3CO92 | Long             | EP               | CORP              | US        |      6215 | NS      | $1796321.45   | 0.34%             |  |  |  | Yes           |                  3 | On Loan: No      |
| WORLD REMIT WARRANTS                          | WORLD REMIT WARRANTS                                                             | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |      1596 | NS      | $1309.00      | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| ESO Solutions Inc                             | ESO Solutions Inc Term Loan                                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3696319 | PA      | $3663052.30   | 0.69%             | 2027-05-03      | Floating      | 10.43%                | No            |                  3 | On Loan: No      |
| Appriss Health LLC                            | Appriss Health LLC Term Loan                                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    690686 | PA      | $690685.81    | 0.13%             | 2028-05-05      | Floating      | 8.52%                 | No            |                  3 | On Loan: No      |
| MSM Acquisitions Inc                          | MSM Acquisitions Inc 2021 Delayed Draw Term Loan                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     83076 | PA      | $58153.11     | 0.01%             | 2026-12-09      | Floating      | 9.67%                 | No            |                  3 | On Loan: No      |
| STUBHUB SRS K PREF STOCK                      | STUBHUB SRS K PREF STOCK                                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | US        |      3000 | NS      | $2522449.75   | 0.48%             |  |  |  | No            |                  3 | On Loan: No      |
| Supergoop LLC                                 | Supergoop LLC Term Loan                                                          | CUSIP: 000000000<br>LEI: 2549007O48S238SFBV06 | Long             | LON              | CORP              | US        |   1149000 | PA      | $1096268.91   | 0.21%             | 2028-12-29      | Floating      | 9.52%                 | No            |                  3 | On Loan: No      |
| Patriot Home Care                             | Patriot Home Care Term Loan                                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2860086 | PA      | $2803963.51   | 0.53%             | 2028-05-05      | Floating      | 9.67%                 | No            |                  3 | On Loan: No      |
| Gympass                                       | Gympass Term Loan                                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    287285 | PA      | $287285.30    | 0.05%             | 2027-07-08      | Floating      | 7.03%                 | No            |                  3 | On Loan: No      |
| Carering Health LLC                           | Carering Health LLC Delayed Draw Term Loan                                       | CUSIP: 000000000<br>LEI: 2549002WYLIWEO0Z7665 | Long             | LON              | CORP              | US        |    663529 | PA      | $650509.16    | 0.12%             | 2028-05-04      | Floating      | 9.67%                 | No            |                  3 | On Loan: No      |
| Employ Inc                                    | Employ Inc Term Loan                                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    250000 | PA      | $213146.80    | 0.04%             | 2028-08-07      | Floating      | 11.17%                | No            |                  3 | On Loan: No      |
| CBI-Gator Acquisition LLC                     | CBI-Gator Acquisition LLC Term Loan                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2802336 | PA      | $2709859.23   | 0.51%             | 2027-10-25      | Floating      | 9.57%                 | No            |                  3 | On Loan: No      |
| Suited Connector LLC                          | Suited Connector LLC Term Loan                                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2848764 | PA      | $883116.96    | 0.17%             | 2030-03-29      | Floating      | 6.75%                 | No            |                  3 | On Loan: No      |
| Elastic Path Software Inc                     | Elastic Path Software Inc Term Loan                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | CA        |   1342496 | PA      | $1249053.26   | 0.24%             | 2027-01-06      | Floating      | 11.41%                | No            |                  3 | On Loan: No      |
| Spartan Bidco Pty Ltd                         | Spartan Bidco Pty Ltd Term Loan                                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | AU        |   2099332 | PA      | $2076902.83   | 0.39%             | 2028-01-24      | Floating      | 10.32%                | No            |                  3 | On Loan: No      |
| Spartan Bidco Pty Ltd                         | Spartan Bidco Pty Ltd Revolver                                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | AU        |    230769 | PA      | $228303.70    | 0.04%             | 2028-01-24      | Floating      | 10.32%                | No            |                  3 | On Loan: No      |
| Terraboost Media                              | Terraboost Media Term Loan                                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2422066 | PA      | $2388157.15   | 0.45%             | 2026-08-21      | Fixed         | 10.00%                | No            |                  3 | On Loan: No      |
| Lightspeed SolutionLLC                        | Lightspeed SolutionLLC Term Loan                                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    417483 | PA      | $412934.87    | 0.08%             | 2028-03-01      | Floating      | 9.67%                 | No            |                  3 | On Loan: No      |
| Lightspeed SolutionLLC                        | Lightspeed SolutionLLC Delayed Draw Term Loan                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     27535 | PA      | $27235.29     | 0.01%             | 2028-03-01      | Floating      | 9.67%                 | No            |                  3 | On Loan: No      |
| Traack Technologies Inc                       | Traack Technologies Inc Term Loan                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    378000 | PA      | $366978.07    | 0.07%             | 2026-09-15      | Floating      | 11.60%                | No            |                  3 | On Loan: No      |
| Greystone Affordable Housing Initiatives LLC  | Greystone Affordable Housing Initiatives LLC 2022 Term Loan                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1636364 | PA      | $1626222.54   | 0.31%             | 2027-03-08      | Floating      | 10.28%                | No            |                  3 | On Loan: No      |
| Oak Purchaser Inc                             | Oak Purchaser Inc Delayed Draw Term Loan                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1439153 | PA      | $1430518.52   | 0.27%             | 2028-05-31      | Floating      | 9.24%                 | No            |                  3 | On Loan: No      |
| Oak Purchaser Inc                             | Oak Purchaser Inc Term Loan                                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2158730 | PA      | $2145777.78   | 0.40%             | 2028-05-31      | Floating      | 9.24%                 | No            |                  3 | On Loan: No      |
| GC Champion Acquisition LLC                   | GC Champion Acquisition LLC 1st Lien Delayed Draw Term Loan                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     47275 | PA      | $46691.10     | 0.01%             | 2028-08-21      | Floating      | 8.67%                 | No            |                  3 | On Loan: No      |
| GC Champion Acquisition LLC                   | GC Champion Acquisition LLC 1st Lien Term Loan                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2984138 | PA      | $2947305.96   | 0.56%             | 2028-08-21      | Floating      | 8.67%                 | No            |                  3 | On Loan: No      |
| Pueblo Mechanical and Controls LLC            | Pueblo Mechanical and Controls LLC 2022 Term Loan                                | CUSIP: 000000000<br>LEI: 549300OL6QWF9KTZIJ16 | Long             | LON              | CORP              | US        |    699625 | PA      | $691235.98    | 0.13%             | 2028-08-23      | Floating      | 8.70%                 | No            |                  3 | On Loan: No      |
| Pueblo Mechanical and Controls LLC            | Pueblo Mechanical and Controls LLC 2022 Delayed Draw Term Loan                   | CUSIP: 000000000<br>LEI: 549300OL6QWF9KTZIJ16 | Long             | LON              | CORP              | US        |    485312 | PA      | $479492.83    | 0.09%             | 2028-08-23      | Floating      | 8.70%                 | No            |                  3 | On Loan: No      |
| Barri Financial Group LLC                     | Barri Financial Group LLC 2022 Term Loan                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    380824 | PA      | $366733.03    | 0.07%             | 2027-12-14      | Floating      | 12.02%                | No            |                  3 | On Loan: No      |
| Alcami Corporation                            | Alcami Corporation 2022 Term Loan                                                | CUSIP: 000000000<br>LEI: 549300N6RRHE77KDYX80 | Long             | LON              | CORP              | US        |     68918 | PA      | $68917.84     | 0.01%             | 2028-12-21      | Floating      | 10.82%                | No            |                  3 | On Loan: No      |
| Alcami Corporation                            | Alcami Corporation 2022 Delayed Draw Term Loan                                   | CUSIP: 000000000<br>LEI: 549300N6RRHE77KDYX80 | Long             | LON              | CORP              | US        |      5073 | PA      | $5072.73      | 0.00%             | 2028-12-21      | Floating      | 10.77%                | No            |                  3 | On Loan: No      |
| Madison Logic Holdings Inc                    | Madison Logic Holdings Inc Term Loan                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     89049 | PA      | $76403.86     | 0.01%             | 2028-12-30      | Floating      | 11.17%                | No            |                  3 | On Loan: No      |
| FSK Pallet Holding Corp                       | FSK Pallet Holding Corp Term Loan                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     91012 | PA      | $90087.94     | 0.02%             | 2026-12-23      | Floating      | 10.55%                | No            |                  3 | On Loan: No      |
| Bynder Holding BV                             | Bynder Holding BV Term Loan Tranche A                                            | CUSIP: 000000000<br>LEI: 724500GIJD2JA5X69D43 | Long             | LON              | CORP              | NL        |     15000 | PA      | $14836.06     | 0.00%             | 2029-01-26      | Floating      | 9.67%                 | No            |                  3 | On Loan: No      |
| Bynder Holding BV                             | Bynder Holding BV Term Loan Tranche B                                            | CUSIP: 000000000<br>LEI: 724500GIJD2JA5X69D43 | Long             | LON              | CORP              | NL        |     54375 | PA      | $53780.73     | 0.01%             | 2029-01-26      | Floating      | 9.67%                 | No            |                  3 | On Loan: No      |
| Jobandtalent USA Inc                          | Jobandtalent USA Inc 3rd Incremental Term Loan                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2055181 | PA      | $1981194.49   | 0.37%             | 2028-10-13      | Floating      | 10.42%                | No            |                  3 | On Loan: No      |
| LJ Avalon Holdings LLC                        | LJ Avalon Holdings LLC Delayed Draw Term Loan                                    | CUSIP: 000000000<br>LEI: 254900GH43JWLMR1ZG27 | Long             | LON              | CORP              | US        |    107130 | PA      | $106701.19    | 0.02%             | 2030-02-01      | Floating      | 8.17%                 | No            |                  3 | On Loan: No      |
| LJ Avalon Holdings LLC                        | LJ Avalon Holdings LLC Term Loan                                                 | CUSIP: 000000000<br>LEI: 254900GH43JWLMR1ZG27 | Long             | LON              | CORP              | US        |    278233 | PA      | $277120.10    | 0.05%             | 2030-02-01      | Floating      | 8.15%                 | No            |                  3 | On Loan: No      |
| Lucky US Buyerco LLC                          | Lucky US Buyerco LLC Term Loan B                                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     85078 | PA      | $82919.30     | 0.02%             | 2029-03-29      | Floating      | 9.92%                 | No            |                  3 | On Loan: No      |
| Sonny's Enterprises LLC                       | Sonny's Enterprises LLC 2023 Restatement Date Term Loan                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3747466 | PA      | $3601314.59   | 0.68%             | 2028-08-05      | Floating      | 9.31%                 | No            |                  3 | On Loan: No      |
| Serrano Parent LLC                            | Serrano Parent LLC Term Loan                                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     90248 | PA      | $82666.71     | 0.02%             | 2030-05-13      | Floating      | 10.16%                | No            |                  3 | On Loan: No      |
| Pico Quantitative Trading Holdings LLC        | Pico Quantitative Trading Holdings LLC 2021 Term Loan                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    404055 | PA      | $404054.81    | 0.08%             | 2027-02-08      | Floating      | 11.18%                | No            |                  3 | On Loan: No      |
| Shutterfly Inc                                | Shutterfly Inc 2023 2nd Lien PIK Term Loan                                       | CUSIP: 000000000<br>LEI: 549300I1C8WJQ5FZE154 | Long             | LON              | CORP              | US        |   1683675 | PA      | $1602303.06   | 0.30%             | 2027-10-01      | Floating      | 8.67%                 | No            |                  2 | On Loan: No      |
| Fusion Holding Corp                           | Fusion Holding Corp Term Loan                                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    225880 | PA      | $204250.69    | 0.04%             | 2029-09-14      | Floating      | 10.17%                | No            |                  3 | On Loan: No      |
| GREY ORANGE WARRANTS                          | GREY ORANGE WARRANTS                                                             | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |       460 | NS      | $92.00        | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| SUITED CONNECTOR WARRANTS                     | SUITED CONNECTOR WARRANTS                                                        | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |     20348 | NS      | $0.20         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Keep Truckin Inc                              | Keep Truckin Inc Delayed Draw Term Loan 2                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1511906 | PA      | $1520977.70   | 0.29%             | 2027-04-08      | Floating      | 11.03%                | No            |                  3 | On Loan: No      |
| Keep Truckin Inc                              | Keep Truckin Inc Delayed Draw Term Loan                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    988094 | PA      | $994022.30    | 0.19%             | 2027-04-08      | Floating      | 11.03%                | No            |                  3 | On Loan: No      |
| Kid Distro Holdings, LLC                      | Kid Distro Holdings LLC 2023 Incremental Term Loan                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    352488 | PA      | $346799.85    | 0.07%             | 2029-10-01      | Floating      | 7.92%                 | No            |                  3 | On Loan: No      |
| KELLERMEYER BERGENSONS PREF                   | KELLERMEYER BERGENSONS PREF                                                      | CUSIP: 000000000<br>LEI: 54930034MXTH6MFOLN53 | Long             | EP               | CORP              | US        |     45118 | NS      | $0.45         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| KELLERMEYER BERGENSONS COMMON                 | KELLERMEYER BERGENSONS COMMON                                                    | CUSIP: 000000000<br>LEI: 54930034MXTH6MFOLN53 | Long             | EC               | CORP              | US        |     45118 | NS      | $0.45         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| WORLDREMIT LTD                                | WORLDREMIT LTD                                                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | US        |       136 | NS      | $16235.18     | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| RESEARCH NOW INC WARRANT                      | RESEARCH NOW INC WARRANT                                                         | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |      2857 | NS      | $428.55       | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| SIRVA BGRS HOLDINGS INC                       | SIRVA BGRS HOLDINGS INC                                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        34 | NS      | $21.83        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| PLURALSIGHT LLC                               | PLURALSIGHT LLC                                                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    208956 | NS      | $2.09         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| ALLIANT CALI INC                              | ALLIANT CALI INC                                                                 | CUSIP: 000000000<br>LEI: 5493008LW2651I1QB503 | Long             | EC               | CORP              | US        |        85 | NS      | $84758.60     | 0.02%             |  |  |  | Yes           |                  3 | On Loan: No      |
| SIRVA BGRS HOLDINGS PREFERRED                 | SIRVA BGRS HOLDINGS PREFERRED                                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | US        |         8 | NS      | $1375.50      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SVP SINGER                                    | SVP SINGER                                                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1930 | NS      | $8685.00      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| IGLOO PARENT HOLDINGS LLC SPV                 | IGLOO PARENT HOLDINGS LLC SPV                                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        21 | NS      | $1763900.41   | 0.33%             |  |  |  | No            |                  3 | On Loan: No      |
| Streamland Media Holdings LLC                 | Streamland Media Holdings LLC                                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       264 | NS      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| SELLERX SERIES Z PREFERRED                    | SELLERX SERIES Z PREFERRED                                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   4707471 | NS      | $47.07        | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| HEARTHSIDE EQUITY                             | HEARTHSIDE EQUITY                                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       671 | NS      | $12413.50     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| QUORUM RESTRUCTURING EQUITY                   | QUORUM RESTRUCTURING EQUITY                                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     43661 | NS      | $21830.50     | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| JOB AND TALENT HOLDING LTD                    | JOB AND TALENT HOLDING LTD                                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     16953 | NS      | $452900.23    | 0.09%             |  |  |  | Yes           |                  3 | On Loan: No      |
| JOB AND TALENT HOLDING LTD                    | JOB AND TALENT HOLDING LTD                                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1130 | NS      | $29082.08     | 0.01%             |  |  |  | Yes           |                  3 | On Loan: No      |
| MOTIVE TECHNOLOGIES                           | MOTIVE TECHNOLOGIES                                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     75000 | NS      | $73500.00     | 0.01%             |  |  |  | No            |                  3 | On Loan: No      |
| RAZOR INFINITE PRIORITY 4 PREF                | RAZOR INFINITE PRIORITY 4 PREF                                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    696280 | NS      | $6.96         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| RAZOR INFINITE PRIOR 5C PREF                  | RAZOR INFINITE PRIOR 5C PREF                                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | US        |   2815463 | NS      | $28.15        | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| RAZOR INFINITE EQUITY SHARES                  | RAZOR INFINITE EQUITY SHARES                                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     23794 | NS      | $0.24         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| VERITAS SERIES G 1 PREFERRED                  | VERITAS SERIES G 1 PREFERRED                                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | US        |       161 | NS      | $3059.00      | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| White Cap Buyer LLC                           | White Cap Buyer LLC 2024 Term Loan B                                             | CUSIP: 96350TAH3<br>LEI: 254900L2N0T6GULCL366 | Long             | LON              | CORP              | US        |   1082053 | PA      | $1038370.95   | 0.20%             | 2029-10-19      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| Whitebox CLO I Ltd                            | Whitebox Clo II Ltd                                                              | CUSIP: 96466CBC1<br>LEI: 549300C89ZJ5IWOT1F21 | Long             | ABS-CBDO         | CORP              | KY        |    640000 | PA      | $641184.06    | 0.12%             | 2037-10-24      | Floating      | 5.62%                 | No            |                  2 | On Loan: No      |
| PICO QUANT PICO QUANTITATIVE                  | PICO QUANTITATIVE TRADING                                                        | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |       142 | NS      | $27180.07     | 0.01%             |  |  |  | Yes           |                  3 | On Loan: No      |
| VERITAS SERIES G PREFERRED STO                | VERITAS SERIES G PREFERRED STO                                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | US        |       219 | NS      | $4161.00      | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Zelis Payments Buyer Inc                      | Zelis Payments Buyer Inc 5th Amendment Term Loan                                 | CUSIP: 98932TAH6<br>LEI: 549300U8NGLZN5R1Y309 | Long             | LON              | CORP              | US        |   1367975 | PA      | $1321463.39   | 0.25%             | 2031-11-26      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| VINGILHOLDING(SELLERX HOLDCO)                 | VINGILHOLDING(SELLERX HOLDCO)                                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     79434 | NS      | $0.79         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| JUICEPLUS BLOCK EQ NR                         | JUICEPLUS BLOCK EQ NR                                                            | CUSIP: 000000000<br>LEI: 549300S3KJC6W5LQ8C04 | Long             | EC               | CORP              | US        |      5780 | NS      | $0.06         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| CREDX SUB LLC CL1 JUICEPLUS                   | CREDX SUB LLC CL1 JUICEPLUS                                                      | CUSIP: 000000000<br>LEI: 549300MTPNQ2UHMICT12 | Long             | EC               | CORP              | US        |      5922 | NS      | $0.06         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| NEW KLEO HOLDCO                               | NEW KLEO HOLDCO                                                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | LU        |     15192 | NS      | $22827.58     | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| VCI INTERMEDIATE TOPCO 2 LLC                  | VCI INTERMEDIATE TOPCO 2 LLC                                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     91734 | NS      | $91734.00     | 0.02%             |  |  |  | No            |                  3 | On Loan: No      |
| UNITED SITE SERVICES EQUITY                   | UNITED SITE SERVICES EQUITY                                                      | CUSIP: 000000000<br>LEI: 549300GL21HVHPARNB76 | Long             | EC               | CORP              | US        |      1875 | NS      | $13593.75     | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| TMK HAWK MIDCO CORP 1                         | TMK HAWK MIDCO CORP 1                                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       543 | NS      | $3801.00      | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| TELE COLUMBUS AG                              | Tele Columbus AG                                                                 | CUSIP: 000000000<br>LEI: 3912004GMFDLY04RUQ19 | Long             | DBT              | CORP              | DE        |    150578 | PA      | $105370.47    | 0.02%             | 2029-01-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| FANTASIA HOLDINGS GROUP                       | Fantasia Holdings Group Co Ltd                                                   | CUSIP: 000000000<br>LEI: 5493005JQNLB3I01JW62 | Long             | DBT              | CORP              | KY        |    710000 | PA      | $7810.00      | 0.00%             | 2022-04-17      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| WORLDLINE SA/FRANCE                           | Worldline SA/France                                                              | CUSIP: 000000000<br>LEI: 549300CJMQNCA0U4TS33 | Long             | DBT              | CORP              | FR        |     12300 | PA      | $14387.54     | 0.00%             | 2026-07-30      | None          | 0.00%                 | No            |                  1 | On Loan: No      |
| ALTICE FINANCING SA                           | Altice Financing SA                                                              | CUSIP: 000000000<br>LEI: 549300DIYGW8HVDF7Q17 | Long             | DBT              | CORP              | LU        |    100000 | PA      | $80594.73     | 0.02%             | 2028-01-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| LUNE HOLDINGS SARL                            | Lune Holdings Sarl                                                               | CUSIP: 000000000<br>LEI: 54930003WQ56T0558M33 | Long             | DBT              | CORP              | LU        |    102000 | PA      | $2519.16      | 0.00%             | 2028-11-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| BAYER AG                                      | Bayer AG                                                                         | CUSIP: 000000000<br>LEI: 549300J4U55H3WP1XT59 | Long             | DBT              | CORP              | DE        |    400000 | PA      | $460081.74    | 0.09%             | 2082-03-25      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| MODERN LAND CHINA CO LTD                      | Modern Land China Co Ltd                                                         | CUSIP: 000000000<br>LEI: 549300PDOU6AR9Z9IN08 | Long             | DBT              | CORP              | KY        |         1 | PA      | $0.00         | 0.00%             | 2026-12-30      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| VIVION INVESTMENTS                            | Vivion Investments Sarl                                                          | CUSIP: 000000000<br>LEI: 529900SJ7X71ESJK9N76 | Long             | DBT              | CORP              | LU        |     20575 | PA      | $23750.63     | 0.00%             | 2028-08-31      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| INEOS QUATTRO FINANCE 2                       | INEOS Quattro Finance 2 Plc                                                      | CUSIP: 000000000<br>LEI: 213800V48W4Y5MT5Q131 | Long             | DBT              | CORP              | GB        |    104000 | PA      | $99311.31     | 0.02%             | 2029-03-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| INEOS FINANCE PLC                             | INEOS Finance PLC                                                                | CUSIP: 000000000<br>LEI: 2138002D68XDR4LZCG32 | Long             | DBT              | CORP              | GB        |    202000 | PA      | $219814.35    | 0.04%             | 2029-04-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| ARDONAGH FINCO LTD                            | Ardonagh Finco Ltd                                                               | CUSIP: 000000000<br>LEI: 254900D2T84O1K03BA28 | Long             | DBT              | CORP              | JE        |    266000 | PA      | $305335.23    | 0.06%             | 2031-02-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| ASTON MARTIN CAPITAL HOL                      | Aston Martin Capital Holdings Ltd                                                | CUSIP: 000000000<br>LEI: 213800H4GKEF3CJ8C774 | Long             | DBT              | CORP              | JE        |    226000 | PA      | $229555.20    | 0.04%             | 2029-03-31      | Fixed         | 10.38%                | No            |                  2 | On Loan: No      |
| CD&R FIREFLY BIDCO LTD                        | CD&R Firefly Bidco PLC                                                           | CUSIP: 000000000<br>LEI: 213800OAU5VX61DYZ558 | Long             | DBT              | CORP              | GB        |    337000 | PA      | $453466.11    | 0.09%             | 2029-04-30      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| FIBER MIDCO SPA                               | Fiber Midco Spa                                                                  | CUSIP: 000000000<br>LEI: 8156000AFE5C06C4D309 | Long             | DBT              | CORP              | IT        |    117007 | PA      | $97830.86     | 0.02%             | 2029-06-15      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| NIDDA HEALTHCARE HOLDING                      | Nidda Healthcare Holding GmbH                                                    | CUSIP: 000000000<br>LEI: 549300Q89C4WAO6L0L19 | Long             | DBT              | CORP              | DE        |    277000 | PA      | $325591.21    | 0.06%             | 2030-02-21      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| AFFLELOU SAS                                  | Afflelou SAS                                                                     | CUSIP: 000000000<br>LEI: 969500I7CS80FNB7CZ43 | Long             | DBT              | CORP              | FR        |    244000 | PA      | $286727.28    | 0.05%             | 2029-07-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| TITANIUM 2L BONDCO SARL                       | Titanium 2l Bondco Sarl                                                          | CUSIP: 000000000<br>LEI: 636700S4QMU2DWYOSF67 | Long             | DBT              | CORP              | LU        |    107900 | PA      | $18083.83     | 0.00%             | 2031-01-14      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| ADLER Group SA                                | ADLER Group SA                                                                   | CUSIP: 000000000<br>LEI: 391200OYYFJ3DWAMEC69 | Long             | EC               | CORP              | LU        |     16485 | NS      | $0.18         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| ADLER FINANCING SARL                          | Adler Financing Sarl                                                             | CUSIP: 000000000<br>LEI: 213800BAQB59IVKP7S93 | Long             | DBT              | CORP              | LU        |    354963 | PA      | $453658.17    | 0.09%             | 2028-12-31      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| WINTERSHALL DEA FIN 2BV                       | Wintershall Dea Finance 2 BV                                                     | CUSIP: 000000000<br>LEI: 529900DV88FUQZSVVL48 | Long             | DBT              | CORP              | NL        |    200000 | PA      | $233612.36    | 0.04%             | 2030-05-08      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| SUNRISE FINCO I BV                            | Sunrise FinCo I BV                                                               | CUSIP: 000000000<br>LEI: 213800MNFBDEQRS6HZ22 | Long             | DBT              | CORP              | NL        |    114000 | PA      | $128747.62    | 0.02%             | 2032-05-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| TELEGRAM GROUP INC                            | Telegram Group Inc                                                               | CUSIP: 000000000<br>LEI: 254900BJBDIA1F0KKJ52 | Long             | DBT              | CORP              | VG        |   2500000 | PA      | $2564510.13   | 0.48%             | 2030-06-05      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| FIBERCOP SPA                                  | Fibercop SpA                                                                     | CUSIP: 000000000<br>LEI: 8156007022402E114A31 | Long             | DBT              | CORP              | IT        |    128000 | PA      | $146738.42    | 0.03%             | 2030-06-30      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| FIBERCOP SPA                                  | Fibercop SpA                                                                     | CUSIP: 000000000<br>LEI: 8156007022402E114A31 | Long             | DBT              | CORP              | IT        |    100000 | PA      | $114429.54    | 0.02%             | 2032-06-30      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| DOLCETTO HOLDCO SPA                           | Dolcetto Holdco SpA                                                              | CUSIP: 000000000<br>LEI: 81560029E819F2CE4A42 | Long             | DBT              | CORP              | IT        |    102000 | PA      | $117105.97    | 0.02%             | 2032-07-14      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| BOOTS GROUP FINCO LP                          | Boots Group Finco LP                                                             | CUSIP: 000000000<br>LEI: 254900YVLYOVF1PF1N93 | Long             | DBT              | CORP              | US        |    100000 | PA      | $114998.32    | 0.02%             | 2032-08-31      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| INEOS FINANCE PLC                             | INEOS Finance PLC                                                                | CUSIP: 000000000<br>LEI: 2138002D68XDR4LZCG32 | Long             | DBT              | CORP              | GB        |    164000 | PA      | $172306.16    | 0.03%             | 2031-03-31      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| ALTICE FRANCE SA                              | Altice France SA                                                                 | CUSIP: 000000000<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |     29197 | PA      | $32128.41     | 0.01%             | 2032-07-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| ALTICE FRANCE SA                              | Altice France SA                                                                 | CUSIP: 000000000<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |    248475 | PA      | $271858.21    | 0.05%             | 2030-10-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| NIDDA HEALTHCARE HOLDING                      | Nidda Healthcare Holding GmbH                                                    | CUSIP: 000000000<br>LEI: 549300Q89C4WAO6L0L19 | Long             | DBT              | CORP              | DE        |    213000 | PA      | $244236.47    | 0.05%             | 2032-10-15      | Floating      | 5.23%                 | No            |                  2 | On Loan: No      |
| Kellermeyer Bergensons Services LLC           | Kellermeyer Bergensons Services LLC 2023 6th Amendment Term Loan                 | CUSIP: 000000000<br>LEI: 54930034MXTH6MFOLN53 | Long             | LON              | CORP              | US        |    180324 | PA      | $16950.48     | 0.00%             | 2028-11-06      | None          | 0.00%                 | No            |                  3 | On Loan: No      |
| Huckabee Acquisition LLC                      | Huckabee Acquisition LLC Term Loan                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     72710 | PA      | $72709.71     | 0.01%             | 2030-01-16      | Floating      | 8.95%                 | No            |                  3 | On Loan: No      |
| 1475 Holdings, LLC                            | 1475 Holdings LLC Term Loan                                                      | CUSIP: 000000000<br>LEI: 213800FPT7J2XF6H4Q09 | Long             | LON              | CORP              | US        |     78571 | PA      | $78010.46     | 0.01%             | 2030-01-18      | Floating      | 8.92%                 | No            |                  3 | On Loan: No      |
| PMA Parent Holdings LLC                       | PMA Parent Holdings LLC Term Loan                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     87063 | PA      | $86018.29     | 0.02%             | 2031-01-31      | Floating      | 8.45%                 | No            |                  3 | On Loan: No      |
| Wealth Enhancement Group LLC                  | Wealth Enhancement Group LLC 2024 11th Amendment Delayed Draw Term Loan          | CUSIP: 000000000<br>LEI: 254900REFAEILHE3RX56 | Long             | LON              | CORP              | US        |   3496017 | PA      | $3481521.96   | 0.66%             | 2028-10-02      | Floating      | 7.91%                 | No            |                  3 | On Loan: No      |
| Oak Purchaser Inc                             | Oak Purchaser Inc 2024 Delayed Draw Term Loan                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     63611 | PA      | $62783.64     | 0.01%             | 2028-05-31      | Floating      | 9.24%                 | No            |                  3 | On Loan: No      |
| Oak Purchaser Inc                             | Oak Purchaser Inc 2024 Term Loan                                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    261926 | PA      | $258520.89    | 0.05%             | 2028-05-31      | Floating      | 9.24%                 | No            |                  3 | On Loan: No      |
| Security Services Acquisition Sub Corp        | Security Services Acquisition Sub Corp 2024 11th Amendment Term Loan A           | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    514822 | PA      | $510864.23    | 0.10%             | 2027-09-30      | Floating      | 9.52%                 | No            |                  3 | On Loan: No      |
| Kellermeyer Bergensons Services LLC           | Kellermeyer Bergensons Services LLC 2024 Amendment No 8 Term Loan                | CUSIP: 000000000<br>LEI: 54930034MXTH6MFOLN53 | Long             | LON              | CORP              | US        |    391024 | PA      | $391023.67    | 0.07%             | 2028-11-06      | Floating      | 5.57%                 | No            |                  3 | On Loan: No      |
| Sumup Holdings Luxembourg                     | SumUp Holdings Luxembourg 2024 Delayed Draw Term Loan A                          | CUSIP: 000000000<br>LEI: 391200L2W84LGMQICO56 | Long             | LON              | CORP              | LU        |   4000000 | PA      | $4000000.00   | 0.75%             | 2031-04-22      | Floating      | 9.17%                 | No            |                  3 | On Loan: No      |
| TITAN HOME IMPROVEMENT LLC                    | Titan Home Improvement LLC Term Loan                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3674419 | PA      | $3674418.58   | 0.69%             | 2030-05-31      | Floating      | 8.42%                 | No            |                  3 | On Loan: No      |
| Sonny's Enterprises LLC                       | Sonny's Enterprises LLC 2024 1st Amendment Delayed Draw Term Loan                | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     92757 | PA      | $89139.57     | 0.02%             | 2028-08-05      | Floating      | 9.32%                 | No            |                  3 | On Loan: No      |
| INTERCEPT BIDCO INC                           | Intercept Bidco Inc Term Loan                                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3611111 | PA      | $3546111.11   | 0.67%             | 2030-06-03      | Floating      | 9.42%                 | No            |                  3 | On Loan: No      |
| CLEVER DEVICES LTD                            | Clever Devices Ltd Term Loan                                                     | CUSIP: 000000000<br>LEI: 549300AQXGWXIDMXEI81 | Long             | LON              | CORP              | US        |   2616838 | PA      | $2588052.42   | 0.49%             | 2030-06-12      | Floating      | 9.67%                 | No            |                  3 | On Loan: No      |
| Security Services Acquisition Sub Corp        | Security Services Acquisition Sub Corp 2024 12th Amendment Term Loan A           | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    922755 | PA      | $915661.48    | 0.17%             | 2027-09-30      | Floating      | 9.52%                 | No            |                  3 | On Loan: No      |
| LJ AVALON HOLDINGS LLC                        | LJ Avalon Holdings LLC 2024 1st Amendment Delayed Draw Term Loan                 | CUSIP: 000000000<br>LEI: 254900GH43JWLMR1ZG27 | Long             | LON              | CORP              | US        |    778846 | PA      | $775730.68    | 0.15%             | 2030-02-01      | Floating      | 8.17%                 | No            |                  3 | On Loan: No      |
| Accuserve Solutions Inc                       | Accuserve Solutions Inc 2024 Incremental Term Loan                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    597948 | PA      | $504668.29    | 0.10%             | 2030-03-15      | Floating      | 9.68%                 | No            |                  3 | On Loan: No      |
| ESO SOLUTIONS INC                             | ESO Solutions Inc 2024 Incremental Term Loan                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    963704 | PA      | $955030.38    | 0.18%             | 2027-05-03      | Floating      | 10.43%                | No            |                  3 | On Loan: No      |
| Security Services Acquisition Sub Corp        | Security Services Acquisition Sub Corp 2024 Term Loan                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1830531 | PA      | $1816459.63   | 0.34%             | 2027-09-30      | Floating      | 9.52%                 | No            |                  3 | On Loan: No      |
| Keep Truckin, Inc                             | Keep Truckin Inc 2024 Term Loan                                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    500000 | PA      | $503000.00    | 0.09%             | 2027-04-08      | Floating      | 11.03%                | No            |                  3 | On Loan: No      |
| Alphasense,Inc.                               | AlphasenseInc 2024 Term Loan                                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   4166667 | PA      | $4122612.04   | 0.78%             | 2029-06-27      | Floating      | 9.95%                 | No            |                  3 | On Loan: No      |
| BULLHORN INC                                  | Bullhorn Inc 2024 8th Amendment Delayed Draw Term Loan 1                         | CUSIP: 000000000<br>LEI: 549300GYR0T2960RHV38 | Long             | LON              | CORP              | US        |    543560 | PA      | $532688.44    | 0.10%             | 2029-10-01      | Floating      | 8.67%                 | No            |                  3 | On Loan: No      |
| ComPsych Investment Corp                      | ComPsych Investment Corp 2024 Term Loan                                          | CUSIP: 000000000<br>LEI: 2549006F606IHEKYP436 | Long             | LON              | CORP              | US        |   3266651 | PA      | $3299317.40   | 0.62%             | 2031-07-22      | Floating      | 8.42%                 | No            |                  3 | On Loan: No      |
| PLURALSIGHT INC                               | Pluralsight Inc 2024 Term Loan                                                   | CUSIP: 000000000<br>LEI: 9845000100XK8FB51446 | Long             | LON              | CORP              | US        |    227648 | PA      | $227647.75    | 0.04%             | 2029-08-22      | Floating      | 6.67%                 | No            |                  3 | On Loan: No      |
| PLURALSIGHT INC                               | Pluralsight Inc 2024 Second Priority Term Loan B                                 | CUSIP: 000000000<br>LEI: 9845000100XK8FB51446 | Long             | LON              | CORP              | US        |    750635 | PA      | $119726.25    | 0.02%             | 2029-08-22      | None          | 0.00%                 | No            |                  3 | On Loan: No      |
| PLURALSIGHT INC                               | Pluralsight Inc 2024 First Priority Term Loan                                    | CUSIP: 000000000<br>LEI: 9845000100XK8FB51446 | Long             | LON              | CORP              | US        |    425073 | PA      | $425072.98    | 0.08%             | 2029-08-22      | Floating      | 6.67%                 | No            |                  3 | On Loan: No      |
| SIRVA Worldwide Inc                           | SIRVA Worldwide Inc 2024 Term Loan                                               | CUSIP: 000000000<br>LEI: 549300NHGBSB7RBY2786 | Long             | LON              | CORP              | US        |         5 | PA      | $1.77         | 0.00%             | 2029-08-20      | Floating      | 11.66%                | No            |                  2 | On Loan: No      |
| Pico Quantitative Trading Holdings, LLC       | Pico Quantitative Trading Holdings LLC 2024 10th Amendment Term Loan             | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3343507 | PA      | $3343507.44   | 0.63%             | 2027-02-08      | Floating      | 11.18%                | No            |                  3 | On Loan: No      |
| GYMPASS                                       | Gympass 2024 2nd Amendment Delayed Draw Term Loan                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   4944394 | PA      | $4944393.93   | 0.93%             | 2029-08-29      | Floating      | 7.03%                 | No            |                  3 | On Loan: No      |
| DOCUPACE TECHNOLOGIES LLC                     | Docupace Technologies LLC Delayed Draw Term Loan B                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    448618 | PA      | $436056.34    | 0.08%             | 2030-07-15      | Floating      | 9.45%                 | No            |                  3 | On Loan: No      |
| DOCUPACE TECHNOLOGIES LLC                     | Docupace Technologies LLC Term Loan                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2063641 | PA      | $2005859.16   | 0.38%             | 2030-07-15      | Floating      | 10.20%                | No            |                  3 | On Loan: No      |
| NXGEN BUYER INC                               | Nxgen Buyer Inc 2024 11th Amendment Incremental Term Loan                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3796405 | PA      | $3766034.16   | 0.71%             | 2027-11-01      | Floating      | 8.42%                 | No            |                  3 | On Loan: No      |
| IVYREHAB INTERMEDIATE II LLC                  | IvyRehab Intermediate II LLC 2024 2nd Amendment Tranche A Delayed Draw Term Loan | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     99197 | PA      | $99197.49     | 0.02%             | 2029-04-23      | Floating      | 9.05%                 | No            |                  3 | On Loan: No      |
| Honey Intermediate Inc                        | Honey Intermediate Inc Term Loan                                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     92871 | PA      | $90642.44     | 0.02%             | 2031-09-30      | Floating      | 6.54%                 | No            |                  3 | On Loan: No      |
| GC WAVES HOLDINGS INC                         | GC Waves Holdings Inc 2024 Replacing Term Loan                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3828683 | PA      | $3866969.91   | 0.73%             | 2030-10-04      | Floating      | 8.17%                 | No            |                  3 | On Loan: No      |
| SPARKSTONE ELECTRICAL GROUP                   | Sparkstone Electrical Group Delayed Draw Term Loan                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     22414 | PA      | $18513.79     | 0.00%             | 2031-10-15      | Fixed         | 0.50%                 | No            |                  3 | On Loan: No      |
| SPARKSTONE ELECTRICAL GROUP                   | Sparkstone Electrical Group Term Loan                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     55474 | PA      | $45821.62     | 0.01%             | 2031-10-15      | Floating      | 8.90%                 | No            |                  3 | On Loan: No      |
| APPLAUSE APP QUALITY INC                      | Applause App Quality Inc 2024 7th Amendment Refinancing Term Loan                | CUSIP: 000000000<br>LEI: 254900MWRJSV3SK8F895 | Long             | LON              | CORP              | US        |     80808 | PA      | $79353.53     | 0.01%             | 2029-10-24      | Floating      | 9.45%                 | No            |                  3 | On Loan: No      |
| LOGICMONITOR INC                              | LogicMonitor Inc 2024 Term Loan                                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    200246 | PA      | $195240.24    | 0.04%             | 2031-11-19      | Floating      | 9.17%                 | No            |                  3 | On Loan: No      |
| ARCFIELD ACQUISITION CORP                     | Arcfield Acquisition Corp 2024 Term Loan                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1754591 | PA      | $1764865.58   | 0.33%             | 2031-10-28      | Floating      | 8.67%                 | No            |                  3 | On Loan: No      |
| THUNDER PURCHASER INC                         | Thunder Purchaser Inc 2024 Refinancing Term Loan                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3033966 | PA      | $2982617.87   | 0.56%             | 2028-06-30      | Floating      | 9.10%                 | No            |                  3 | On Loan: No      |
| THUNDER PURCHASER INC                         | Thunder Purchaser Inc 2024 Incremental Term Loan                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    383701 | PA      | $377232.07    | 0.07%             | 2028-06-30      | Floating      | 9.10%                 | No            |                  3 | On Loan: No      |
| Sellerx                                       | Sellerx 2024 Revolver                                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | IE        |    130344 | PA      | $130343.74    | 0.02%             | 2026-10-28      | Floating      | 8.66%                 | No            |                  3 | On Loan: No      |
| SKYDIO INC                                    | SKYDIO Inc Term Loan                                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     51766 | PA      | $51714.55     | 0.01%             | 2029-12-04      | Floating      | 6.42%                 | No            |                  3 | On Loan: No      |
| SKYDIO INC                                    | SKYDIO Inc Delayed Draw Term Loan Tranche A                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     25000 | PA      | $24975.00     | 0.00%             | 2029-12-04      | Floating      | 8.67%                 | No            |                  3 | On Loan: No      |
| DNANEXUS INC                                  | DNAnexus Inc 2024 Term Loan                                                      | CUSIP: 000000000<br>LEI: 2549004EZ089NLG8KF78 | Long             | LON              | CORP              | US        |     25000 | PA      | $24800.00     | 0.00%             | 2029-12-18      | Floating      | 8.93%                 | No            |                  3 | On Loan: No      |
| TL Voltron Purchaser LLC                      | TL Voltron Purchaser LLC Term Loan                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     80143 | PA      | $78540.00     | 0.01%             | 2030-12-31      | Floating      | 8.92%                 | No            |                  3 | On Loan: No      |
| STITCH AQUISITION CORPORATION                 | Stitch Aquisition Corporation 2024 2nd Out Term Loan                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     27759 | PA      | $22484.75     | 0.00%             | 2029-12-31      | Floating      | 11.46%                | No            |                  3 | On Loan: No      |
| Smarsh, Inc.                                  | Smarsh Inc 2025 Term Loan                                                        | CUSIP: 000000000<br>LEI: 549300DEPB8M6RR0JB42 | Long             | LON              | CORP              | US        |   1714286 | PA      | $1647428.57   | 0.31%             | 2029-02-16      | Floating      | 8.45%                 | No            |                  3 | On Loan: No      |
| Lightspeed Solution,LLC                       | Lightspeed SolutionLLC 2025 2nd Amendment Incremental Term Loan                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     91844 | PA      | $90843.18     | 0.02%             | 2028-03-01      | Floating      | 9.67%                 | No            |                  3 | On Loan: No      |
| FIRSTUP INC                                   | Firstup Inc Term Loan                                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   4164022 | PA      | $3843392.21   | 0.73%             | 2027-07-13      | Floating      | 10.45%                | No            |                  3 | On Loan: No      |
| FIRSTUP INC                                   | Firstup Inc Amendment No 2 Term Loan                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    427988 | PA      | $395032.66    | 0.07%             | 2027-07-13      | Floating      | 10.45%                | No            |                  3 | On Loan: No      |
| G-3 Apollo Acquisition Corp.                  | G-3 Apollo Acquisition Corp Term Loan                                            | CUSIP: 000000000<br>LEI: 254900NYB71ANGVE0J72 | Long             | LON              | CORP              | US        |     66167 | PA      | $64512.49     | 0.01%             | 2031-03-10      | Floating      | 8.67%                 | No            |                  3 | On Loan: No      |
| Pathway Vet Alliance LLC                      | Pathway Vet Alliance LLC 2025 Tranche A Term Loan A                              | CUSIP: 000000000<br>LEI: 2549001HRKTHAW7MOH74 | Long             | LON              | CORP              | US        |   5609401 | PA      | $5525259.51   | 1.04%             | 2028-06-30      | Floating      | 8.67%                 | No            |                  2 | On Loan: No      |
| Streamland Media Midco LLC                    | Streamland Media Midco LLC 2025 Revolver                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |      4494 | PA      | $4494.16      | 0.00%             | 2029-04-02      | Floating      | 9.46%                 | No            |                  3 | On Loan: No      |
| Express Wash Acquisition Company, LLC         | Express Wash Acquisition Company LLC 2025 Term Loan                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   4698620 | PA      | $4327428.66   | 0.82%             | 2031-04-10      | Floating      | 9.90%                 | No            |                  3 | On Loan: No      |
| STREAMLAND MEDIA MIDCO LLC                    | Streamland Media Midco LLC 2025 2nd Amendment First Out Term Loan                | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     31264 | PA      | $31263.76     | 0.01%             | 2029-04-02      | Floating      | 8.46%                 | No            |                  3 | On Loan: No      |
| STREAMLAND MEDIA MIDCO LLC                    | Streamland Media Midco LLC 2025 2nd Amendment Last Out Term Loan                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     28385 | PA      | $9253.46      | 0.00%             | 2029-04-02      | None          | 0.00%                 | No            |                  3 | On Loan: No      |
| CHRONICLE BIDCO INC                           | Chronicle Bidco Inc 2025 Term Loan                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1091226 | PA      | $1074857.69   | 0.20%             | 2031-04-15      | Floating      | 8.67%                 | No            |                  3 | On Loan: No      |
| CIVICPLUS LLC                                 | CivicPlus LLC 2025 Refinancing Term Loan                                         | CUSIP: 000000000<br>LEI: 2549005LCHTR1XCG5T28 | Long             | LON              | CORP              | US        |   1864873 | PA      | $1838971.14   | 0.35%             | 2030-08-23      | Floating      | 6.92%                 | No            |                  3 | On Loan: No      |
| SITUSAMC HOLDINGS CORPORATION                 | SitusAMC Holdings Corporation 2025 Incremental Term Loan                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   4912495 | PA      | $4892845.43   | 0.92%             | 2031-05-14      | Floating      | 9.20%                 | No            |                  3 | On Loan: No      |
| STONEBRIDGE COMPANIES LLC                     | Stonebridge Companies LLC Term Loan B                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3233912 | PA      | $3266251.42   | 0.62%             | 2031-05-16      | Floating      | 8.67%                 | No            |                  3 | On Loan: No      |
| MRO Parent Corporaton                         | MRO Parent Corporaton Term Loan                                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   4237963 | PA      | $4237962.96   | 0.80%             | 2032-06-09      | Floating      | 8.17%                 | No            |                  3 | On Loan: No      |
| BEEKEEPER BUYER INC                           | Beekeeper Buyer Inc Term Loan                                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3009066 | PA      | $2954902.40   | 0.56%             | 2031-06-30      | Floating      | 8.95%                 | No            |                  3 | On Loan: No      |
| Sellerx                                       | Sellerx 2025 Tranche A2 Term Loan                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | IE        |    774547 | PA      | $568517.62    | 0.11%             | 2028-12-31      | Floating      | 12.70%                | No            |                  3 | On Loan: No      |
| Sellerx                                       | Sellerx 2025 Tranche A1 Term Loan                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | IE        |    774999 | PA      | $568849.16    | 0.11%             | 2028-12-31      | Floating      | 12.70%                | No            |                  3 | On Loan: No      |
| Sellerx                                       | Sellerx 2025 Revolver                                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | IE        |   1218489 | PA      | $1218489.03   | 0.23%             | 2029-06-25      | Floating      | 8.70%                 | No            |                  3 | On Loan: No      |
| RBS Buyer Inc                                 | RBS Buyer Inc Term Loan                                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2029800 | PA      | $2060247.00   | 0.39%             | 2031-07-31      | Floating      | 8.42%                 | No            |                  3 | On Loan: No      |
| BULLHORN INC                                  | Bullhorn Inc 2025 8th Amendment Delayed Draw Term Loan 2                         | CUSIP: 000000000<br>LEI: 549300GYR0T2960RHV38 | Long             | LON              | CORP              | US        |     62746 | PA      | $61491.55     | 0.01%             | 2029-10-01      | Floating      | 8.67%                 | No            |                  3 | On Loan: No      |
| LJ AVALON HOLDINGS LLC                        | LJ Avalon Holdings LLC 2025 3rd Amendment Delayed Draw Term Loan                 | CUSIP: 000000000<br>LEI: 254900GH43JWLMR1ZG27 | Long             | LON              | CORP              | US        |    472184 | PA      | $470295.27    | 0.09%             | 2030-02-01      | Floating      | 8.17%                 | No            |                  3 | On Loan: No      |
| Brook and Whittle Holding Corp.               | Brook and Whittle Holding Corp 2025 Term Loan C                                  | CUSIP: 000000000<br>LEI: 254900BJ2380A12DX857 | Long             | LON              | CORP              | US        |   3372746 | PA      | $0.34         | 0.00%             | 2029-03-14      | None          | 0.00%                 | No            |                  3 | On Loan: No      |
| RAZOR GROUP GMBH                              | Razor Group Gmbh 2025 Tranche Term Loan 2 A                                      | CUSIP: 000000000<br>LEI: 984500A70HT9566EC150 | Long             | LON              | CORP              | DE        |    227259 | PA      | $0.02         | 0.00%             | 2029-12-20      | None          | 0.00%                 | No            |                  3 | On Loan: No      |
| RAZOR GROUP GMBH                              | Razor Group Gmbh 2025 Tranche Term Loan 2 B                                      | CUSIP: 000000000<br>LEI: 984500A70HT9566EC150 | Long             | LON              | CORP              | DE        |    100016 | PA      | $0.01         | 0.00%             | 2029-12-20      | None          | 0.00%                 | No            |                  3 | On Loan: No      |
| RAZOR GROUP GMBH                              | Razor Group Gmbh 2025 Tranche Term Loan 3 B                                      | CUSIP: 000000000<br>LEI: 984500A70HT9566EC150 | Long             | LON              | CORP              | DE        |   1512566 | PA      | $0.15         | 0.00%             | 2029-12-20      | None          | 0.00%                 | No            |                  3 | On Loan: No      |
| STREAMLAND MEDIA MIDCO LLC                    | Streamland Media Midco LLC 2025 2nd Amendment First Out Delayed Draw TL          | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |      6684 | PA      | $6684.24      | 0.00%             | 2029-04-02      | Floating      | 8.46%                 | No            |                  3 | On Loan: No      |
| Wharf Street Rating Acquisition LLC           | Wharf Street Rating Acquisition LLC 2025 Term Loan                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2126254 | PA      | $2134759.46   | 0.40%             | 2032-09-16      | Floating      | 8.42%                 | No            |                  3 | On Loan: No      |
| Nxgen Buyer Inc                               | Nxgen Buyer Inc 2025 12th Amendment Incremental Term Loan                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    272570 | PA      | $270389.36    | 0.05%             | 2027-11-01      | Floating      | 8.42%                 | No            |                  3 | On Loan: No      |
| Altice France SA                              | Altice France SA 2025 USD Term Loan B14                                          | CUSIP: 000000000<br>LEI: 5493001ZMCICV4N02J21 | Long             | LON              | CORP              | US        |   4932246 | PA      | $4935353.43   | 0.93%             | 2031-05-31      | Floating      | 10.55%                | No            |                  2 | On Loan: No      |
| Ligado Networks LLC                           | Ligado Networks LLC 2025 Fixed Backstop Term Loan 1                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    992915 | PA      | $843977.84    | 0.16%             | 2028-05-04      | Fixed         | 17.50%                | No            |                  3 | On Loan: No      |
| EMPOWER PAYMENTS INVESTOR LLC                 | Empower Payments Investor LLC 2025 3rd Amendment Incremental Term Loan           | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   4934728 | PA      | $4893325.89   | 0.92%             | 2031-03-12      | Floating      | 8.20%                 | No            |                  3 | On Loan: No      |
| EMPOWER PAYMENTS INVESTOR LLC                 | Empower Payments Investor LLC 2025 3rd Amendment Delayed Draw Term Loan          | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1480428 | PA      | $1468006.99   | 0.28%             | 2031-03-12      | Floating      | 8.15%                 | No            |                  3 | On Loan: No      |
| TRADING TECH INTL INC                         | Trading Tech INTL INC Term Loan                                                  | CUSIP: 000000000<br>LEI: 98450099E48861EAA978 | Long             | LON              | CORP              | US        |   2731897 | PA      | $2699059.59   | 0.51%             | 2032-11-04      | Floating      | 7.91%                 | No            |                  3 | On Loan: No      |
| TRADING TECH INTL INC                         | Trading Tech INTL INC Delayed Draw Term Loan                                     | CUSIP: 000000000<br>LEI: 98450099E48861EAA978 | Long             | LON              | CORP              | US        |    910632 | PA      | $899686.53    | 0.17%             | 2032-11-04      | Floating      | 7.91%                 | No            |                  3 | On Loan: No      |
| BIRDIE BIDCO INC                              | Birdie Bidco Inc Term Loan                                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2803022 | PA      | $2786668.40   | 0.53%             | 2032-11-17      | Floating      | 8.45%                 | No            |                  3 | On Loan: No      |
| HIG OPERATIONS HOLDINGS INC                   | HIG Operations Holdings Inc 2025 6th Amendment Term Loan                         | CUSIP: 000000000<br>LEI: 549300IY2QEM8MQC2K06 | Long             | LON              | CORP              | US        |   4237968 | PA      | $4237967.64   | 0.80%             | 2031-06-11      | Floating      | 8.17%                 | No            |                  3 | On Loan: No      |
| OAK FUNDING LLC                               | Oak Funding LLC Term Loan                                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   6084967 | PA      | $6036429.53   | 1.14%             | 2032-12-02      | Floating      | 8.17%                 | No            |                  3 | On Loan: No      |
| FORGENT INTERMEDIATE IV LLC                   | Forgent Intermediate IV LLC Term Loan                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1264349 | PA      | $1267509.87   | 0.24%             | 2032-12-20      | Floating      | 6.66%                 | No            |                  2 | On Loan: No      |
| SABER PARENT HOLDINGS CORP                    | Saber Parent Holdings Corp Term Loan                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2481008 | PA      | $2454816.81   | 0.46%             | 2032-12-16      | Floating      | 8.42%                 | No            |                  3 | On Loan: No      |
| PTSH INTERMEDIATE HOLDINGS LLC                | PTSH Intermediate Holdings LLC 2026 6th Amendment Term Loan                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2894361 | PA      | $2849440.03   | 0.54%             | 2033-01-10      | Floating      | 8.70%                 | No            |                  3 | On Loan: No      |
| BW NHHC HOLDCO INC                            | BW NHHC Holdco Inc 2022 1st Lien Second Out Term Loan                            | CUSIP: 05606CAR1<br>LEI: 549300Y5ZHAEE7MHCH51 | Long             | LON              | CORP              | US        |   4469915 | PA      | $4486677.59   | 0.85%             | 2027-01-15      | Floating      | 9.62%                 | No            |                  2 | On Loan: No      |
| ALKERMES INC                                  | Alkermes Inc 2026 Term Loan B                                                    | CUSIP: 000000000<br>LEI: 549300YHRMYLL071E243 | Long             | LON              | CORP              | US        |    792507 | PA      | $797959.45    | 0.15%             | 2031-08-12      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| VCI ASSET HOLDINGS 2 LLC                      | VCI Asset Holdings 2 LLC Fixed Term Loan                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    917338 | PA      | $936831.68    | 0.18%             | 2031-02-18      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| LABL INC                                      | LABL Inc 2026 USD Interim New Money DIP Term Loan                                | CUSIP: 000000000<br>LEI: 5493004FUZN8R6Y3VB98 | Long             | LON              | CORP              | US        |      3939 | PA      | $3929.27      | 0.00%             | 2026-12-02      | Floating      | 10.38%                | No            |                  2 | On Loan: No      |
| EUROPEAN TOPSOHO SARL                         | European TopSoho Sarl                                                            | CUSIP: 000000000<br>LEI: 222100WPZ89Z7MJRFX19 | Long             | DBT              | CORP              | LU        |    300000 | PA      | $258220.18    | 0.05%             | 2021-09-21      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| FANTASIA HOLDINGS GROUP                       | Fantasia Holdings Group Co Ltd                                                   | CUSIP: 000000000<br>LEI: 5493005JQNLB3I01JW62 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $2200.00      | 0.00%             | 2022-10-18      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| WORLDLINE SA/FRANCE                           | Worldline SA/France                                                              | CUSIP: 000000000<br>LEI: 549300CJMQNCA0U4TS33 | Long             | DBT              | CORP              | FR        |    100000 | PA      | $108330.47    | 0.02%             | 2027-06-30      | Fixed         | 0.88%                 | No            |                  2 | On Loan: No      |
| Bausch & Lomb Corporation                     | Bausch & Lomb Corporation 2025 Repriced Term Loan                                | CUSIP: 000000000<br>LEI: 549300NY6OZM39SO6475 | Long             | LON              | CORP              | CA        |   8259773 | PA      | $8270097.61   | 1.56%             | 2031-01-15      | Floating      | 7.42%                 | No            |                  2 | On Loan: No      |
| Great Canadian Gaming Corporation             | Great Canadian Gaming Corporation 2024 Term Loan B                               | CUSIP: 000000000<br>LEI: 549300FU60SSFLTE0M84 | Long             | LON              | CORP              | CA        |     41083 | PA      | $40364.30     | 0.01%             | 2029-11-01      | Floating      | 8.44%                 | No            |                  2 | On Loan: No      |
| Jones DesLauriers Insurance Management Inc.   | Jones DesLauriers Insurance Management Inc 2026 Repriced Term Loan B             | CUSIP: 000000000<br>LEI: 549300JQIWNFU00E5424 | Long             | LON              | CORP              | CA        |   1414309 | PA      | $1371880.17   | 0.26%             | 2033-02-02      | Floating      | 6.66%                 | No            |                  2 | On Loan: No      |
| Ontario Gaming GTA LP                         | Ontario Gaming GTA LP Term Loan B                                                | CUSIP: 000000000<br>LEI: 894500EC9KLZLOC3V025 | Long             | LON              | CORP              | CA        |     24785 | PA      | $23173.52     | 0.00%             | 2030-08-01      | Floating      | 7.95%                 | No            |                  2 | On Loan: No      |
| Clarios Global LP                             | Clarios Global LP 2024 USD Term Loan B                                           | CUSIP: 000000000<br>LEI: 549300474L1ZLXZY2P98 | Long             | LON              | CORP              | US        |    162629 | PA      | $161968.63    | 0.03%             | 2030-05-06      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| Clarios Global LP                             | Clarios Global LP 2025 USD Term Loan B                                           | CUSIP: 000000000<br>LEI: 549300474L1ZLXZY2P98 | Long             | LON              | CORP              | US        |     78605 | PA      | $78329.88     | 0.01%             | 2032-01-28      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| Delivery Hero SE                              | Delivery Hero SE 2024 USD Term Loan B                                            | CUSIP: 000000000<br>LEI: 529900KR9IO53KSCSQ67 | Long             | LON              | CORP              | US        |   4013753 | PA      | $3933477.57   | 0.74%             | 2029-12-12      | Floating      | 8.64%                 | No            |                  2 | On Loan: No      |
| Oxea Holding Drei GmbH                        | Oxea Holding Drei GmbH 2017 USD Term Loan B2                                     | CUSIP: 000000000<br>LEI: 529900MSP24R2FE9U796 | Long             | LON              | CORP              | US        |     72679 | PA      | $49785.41     | 0.01%             | 2031-04-08      | Floating      | 8.50%                 | No            |                  2 | On Loan: No      |
| TK Elevator Midco GmbH                        | TK Elevator Midco GmbH 2025 USD Term Loan B                                      | CUSIP: 000000000<br>LEI: 549300C2AFWPAYWS5574 | Long             | LON              | CORP              | US        |   1344439 | PA      | $1346589.89   | 0.25%             | 2030-04-30      | Floating      | 6.38%                 | No            |                  2 | On Loan: No      |
| Apex Group Treasury LLC                       | Apex Group Treasury LLC 2025 USD Term Loan B                                     | CUSIP: 000000000<br>LEI: 254900N6HRPDDNW7HP03 | Long             | LON              | CORP              | US        |   3061708 | PA      | $2781041.50   | 0.52%             | 2032-02-27      | Floating      | 7.17%                 | No            |                  2 | On Loan: No      |
| HYPERION INSURANCE GROUP LTD                  | Hyperion Insurance Group Ltd 2025 Term Loan B                                    | CUSIP: 000000000<br>LEI: 213800R6D9EVRN5D3117 | Long             | LON              | CORP              | LU        |         0 | PA      | $0.00         | 0.00%             | 2030-04-18      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| Ineos US Finance LLC                          | Ineos US Finance LLC 2023 USD Term Loan B                                        | CUSIP: 000000000<br>LEI: 5493008MHJ4R367SNK31 | Long             | LON              | CORP              | US        |     29328 | PA      | $25466.69     | 0.00%             | 2030-02-18      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| INEOS Quattro Holdings UK Ltd                 | INEOS Quattro Holdings UK Ltd 2024 USD Term Loan B                               | CUSIP: 000000000<br>LEI: 213800HKSMBSJQ32CA45 | Long             | LON              | CORP              | US        |     24812 | PA      | $17430.78     | 0.00%             | 2031-10-07      | Floating      | 7.92%                 | No            |                  2 | On Loan: No      |
| JetBlue Airways Corporation                   | JetBlue Airways Corporation 2024 Term Loan B                                     | CUSIP: 000000000<br>LEI: 54930070J9H97ZO93T57 | Long             | LON              | CORP              | US        |   1474426 | PA      | $1337304.15   | 0.25%             | 2029-08-27      | Floating      | 8.44%                 | No            |                  2 | On Loan: No      |
| Mcdermott International Ltd                   | Mcdermott International Ltd                                                      | CUSIP: 000000000<br>LEI: 54930004RAXI4B3L4752 | Long             | EC               | CORP              | BM        |        17 | NS      | $442.00       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Coral-US Co-Borrower LLC                      | Coral-US Co-Borrower LLC 2021 Term Loan B6                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2841824 | PA      | $2820822.55   | 0.53%             | 2029-10-15      | Floating      | 6.79%                 | No            |                  2 | On Loan: No      |
| STAR ENERGY GEOTHERMAL                        | Star Energy Geothermal Wayang Windu Ltd                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | VG        |    127500 | PA      | $127500.00    | 0.02%             | 2033-04-24      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Chrysaor Bidco Sarl                           | Chrysaor Bidco Sarl 2025 USD Term Loan B                                         | CUSIP: 000000000<br>LEI: 254900CXX37NCB7A8J31 | Long             | LON              | CORP              | LU        |   1348492 | PA      | $1345121.09   | 0.25%             | 2031-10-30      | Floating      | 6.90%                 | No            |                  2 | On Loan: No      |
| Sunrise Financing Partnership                 | Sunrise Financing Partnership Term Loan AAA                                      | CUSIP: 000000000<br>LEI: 213800DXWIS9KORQ3X94 | Long             | LON              | CORP              | US        |     25000 | PA      | $24804.75     | 0.00%             | 2032-02-15      | Floating      | 6.10%                 | No            |                  2 | On Loan: No      |
| Ardonagh Midco 3 PLC                          | Ardonagh Midco 3 PLC 2024 USD Term Loan B                                        | CUSIP: 000000000<br>LEI: 254900YP2E642AGM4G32 | Long             | LON              | CORP              | AU        |    111898 | PA      | $109171.48    | 0.02%             | 2031-02-15      | Floating      | 6.45%                 | No            |                  2 | On Loan: No      |
| Oravel Stays Singapore Pte. Ltd.              | Oravel Stays Singapore Pte Ltd 2025 Term Loan B                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | SG        |   4963483 | PA      | $5037935.06   | 0.95%             | 2030-01-08      | Floating      | 11.71%                | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-04-30

**Name of Applicant:** BlackRock HPS Credit Strategies Fund

**Signature:** Chuck Pulsfort

**Name of Signer:** Chuck Pulsfort

**Title:** Assistant Treasurer