# EDGAR Filing Document

**Accession Number:** 0002054992
**File Stem:** 0001410368-26-018300
**Filing Date:** 2026-2
**Character Count:** 96893
**Document Hash:** efb41fd1f3a0ad46411ffd4e4415e1c2
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-26-018300.hdr.sgml**: 20260226

**ACCESSION NUMBER**: 0001410368-26-018300

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260226

**DATE AS OF CHANGE**: 20260226

**PERIOD START**: 20260331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Lincoln Bain Capital Total Credit Fund
- **CENTRAL INDEX KEY:** 0002054992

**ORGANIZATION NAME:**
- **EIN:** 000000000

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-24066
- **FILM NUMBER:** 26682678

**BUSINESS ADDRESS:**
- **STREET 1:** 1301 S. HARRISON STREET
- **CITY:** FORT WAYNE
- **STATE:** IN
- **ZIP:** 46802
- **BUSINESS PHONE:** (484) 583-6302

**MAIL ADDRESS:**
- **STREET 1:** 1301 S. HARRISON STREET
- **CITY:** FORT WAYNE
- **STATE:** IN
- **ZIP:** 46802

## Nport-Ex

**Lincoln Bain Capital Total Credit Fund**

**SCHEDULE OF INVESTMENTS**

**December 31, 2025 (Unaudited)**

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Investments<sup>(1)</sup>** | **Industry** | **Footnotes** | **Reference<br> Rate and<br> Spread<sup>(2)</sup>** | **Interest<br> Rate<sup>(2)</sup>** | **Maturity<br> Date** | **Par<br> Amount/<br> Unit** | **Cost<sup>(3)</sup>** | **Fair<br> Value** | **% of<br> Net Assets** |
| **Collateralized Mortgage Obligations - 4.7%** |  |  |  |  |  |  |  |  |  |
| Citigroup Commercial Mortgage Trust |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Series 2016-GC36, Class B | Finance |  |  | 4.64% | 2/10/2049 | 1000000 | $946757 | $935223 | 0.4% |
| Citigroup Commercial Mortgage Trust |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Series 2016-P4, Class C | Finance |  |  | 3.93% | 7/10/2049 | 1500000 | 1385069 | 1370119 | 0.5% |
| CSAIL Commercial Mortgage Trust |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Series 2016-C6, Class D | Finance |  |  | 4.90% | 1/15/2049 | 1600000 | 1321172 | 1360238 | 0.5% |
| GS Mortgage Securities Trust |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Series 2015-GS1, Class C | Finance |  |  | 4.34% | 11/10/2048 | 450000 | 390599 | 391860 | 0.2% |
| JPMBB Commercial Mortgage Securities Trust |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Series 2015-C30, Class B | Finance |  |  | 4.12% | 7/15/2048 | 2000000 | 1891391 | 1868782 | 0.7% |
| LSTAR Commercial Mortgage Trust |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Series 2017-5, Class D | Finance |  |  | 4.68% | 3/10/2050 | 1200000 | 999714 | 1002206 | 0.4% |
| Morgan Stanley Bank of America Merrill Lynch Trust |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Series 2016-C29, Class D | Finance |  |  | 3.00% | 5/15/2049 | 1600000 | 1296053 | 1392528 | 0.5% |
| Wells Fargo Commercial Mortgage Trust |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Series 2015-C31, Class D | Finance |  |  | 3.85% | 11/15/2048 | 1216000 | 1106961 | 1096548 | 0.4% |
| Wells Fargo Commercial Mortgage Trust |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Series 2016-C33, Class D | Finance |  |  | 3.12% | 3/15/2059 | 1000000 | 917712 | 921657 | 0.4% |
| Wells Fargo Commercial Mortgage Trust |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Series 2016-C34, Class C | Finance |  |  | 5.06% | 6/15/2049 | 1800000 | 1668612 | 1682603 | 0.7% |
| **Collateralized Mortgage Obligations Total - 4.7%** |  |  |  |  |  |  | $11924040 | $12021764 | 4.7% |
| **Loan Agreements (First-Lien) - 28.1%** |  |  |  |  |  |  |  |  |  |
| **Delayed Draw Term Loan** |  |  |  |  |  |  |  |  |  |
| Acuity Eyecare Holdings LLC | Healthcare & Pharmaceuticals | (4) | S+ 5.75% | 9.66% | 3/27/2027 | 2050420 | $2050420 | $2050420 | 0.8% |
| Acuity Eyecare Holdings LLC | Healthcare & Pharmaceuticals | (4) | S+ 5.75% | 9.68% | 3/27/2027 | 2048274 | 2048274 | 2048274 | 0.8% |
| Acuity Eyecare Holdings LLC | Healthcare & Pharmaceuticals | (4) | S+ 5.75% | 9.68% | 3/27/2027 | 452083 | 452083 | 452083 | 0.2% |
| Blackbird Purchaser Inc. | Machinery | (5)(6) |  |  | 12/19/2030 |  | (772) | 79 | 0.0% |
| DTIQ Technologies Inc. | Services: Business | (4)(5)(6) |  |  | 9/30/2029 |  | (10779) | (11265) | 0.0% |
| Easy Ice, LLC | Services: Business | (4)(5)(6) | S+ 5.25% | 9.17% | 10/30/2030 | 270606 | 264872 | 271231 | 0.1% |
| Govineer Solutions LLC | High Tech Industries | (4)(5)(6) |  |  | 10/7/2030 |  | (6237) |  | 0.0% |
| Margaux Acquisition Inc. | Insurance | (4) | S+ 4.75% | 8.89% | 12/19/2027 | 793703 | 793703 | 793703 | 0.3% |
| Margaux Acquisition Inc. | Insurance |  | S+ 4.75% | 8.89% | 12/19/2027 | 326483 | 326483 | 326571 | 0.1% |
| TVG Shelby Buyer Inc. | Healthcare & Pharmaceuticals | (4)(5)(6) | S+ 5.50% | 9.17% | 3/27/2028 | 1033034 | 1027886 | 1033034 | 0.4% |
| Vessco Midco Holdings, LLC | Utilities: Water | (5)(6) | S+ 4.50% | 8.27% | 7/24/2031 | 555520 | 552797 | 548800 | 0.2% |
| Vessco Midco Holdings, LLC | Utilities: Water | (4)(5)(6) |  |  | 7/24/2031 |  | (3248) | - | 0.0% |
|  |  |  |  |  |  |  | 7495482 | 7512930 | 2.9% |
| **Revolver** |  |  |  |  |  |  |  |  |  |
| AMI Buyer Inc. | High Tech Industries | (4)(5)(6) |  |  | 10/17/2031 |  | (4184) |  | 0.0% |
| Atlas US Finco Inc. | High Tech Industries | (4)(5)(6) |  |  | 12/9/2028 |  |  |  | 0.0% |
| Blackbird Purchaser Inc. | Machinery | (5)(6) | S+ 4.44% | 6.28% | 12/19/2029 | 182749 | 181500 | 172434 | 0.1% |
| Crow River Buyer Inc. | Services: Business | (4)(5)(6) |  |  | 1/31/2029 |  |  |  | 0.0% |
| DTIQ Technologies Inc. | Services: Business | (4)(5)(6) | S+ 7.50% | 11.24% | 9/30/2029 | 112600 | 104520 | 104155 | 0.0% |
| Easy Ice, LLC | Services: Business | (4)(5)(6) | S+ 5.33% | 9.19% | 10/30/2030 | 152320 | 146577 | 152320 | 0.1% |
| Govineer Solutions LLC | High Tech Industries | (4)(5)(6) |  |  | 10/7/2030 |  | (4158) |  | 0.0% |
| Lindstrom, LLC | Metals & Mining | (4)(5)(6) | S+ 5.50% | 9.20% | 12/30/2032 | 224485 | 217594 | 216828 | 0.1% |
| Margaux Acquisition Inc. | Insurance | (5)(6) |  |  | 12/19/2027 |  |  | (12038) | 0.0% |
| Saturn Purchaser Corp. | Aerospace & Defense | (4)(5)(6) |  |  | 7/22/2030 |  |  |  | 0.0% |
| TVG Shelby Buyer Inc. | Healthcare & Pharmaceuticals | (4)(5)(6) |  |  | 3/27/2028 |  |  |  | 0.0% |
| Vatica Health, Inc. | Healthcare & Pharmaceuticals | (4)(5)(6) |  |  | 10/29/2032 |  | (4568) | (4678) | 0.0% |
| Vessco Midco Holdings, LLC | Utilities: Water | (5)(6) | S+ 4.50% | 4.50% | 7/24/2031 |  | (1120) | (4077) | 0.0% |
|  |  |  |  |  |  |  | 636161 | 624944 | 0.3% |

---

**Lincoln Bain Capital Total Credit Fund**

**SCHEDULE OF INVESTMENTS (continued)**

**December 31, 2025 (Unaudited)**

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Investments<sup>(1)</sup>** | **Industry** | **Footnotes** | **Reference<br> Rate and<br> Spread<sup>(2)</sup>** | **Interest<br> Rate<sup>(2)</sup>** | **Maturity<br> Date** | **Par<br> Amount/<br> Unit** | **Cost<sup>(3)</sup>** | **Fair<br> Value** | **% of<br> Net Assets** |
| **Term Loan** |  |  |  |  |  |  |  |  |  |
| Acuity Eyecare Holdings LLC | Healthcare & Pharmaceuticals | (4) | S+ 5.75% | 9.57% | 3/27/2027 | 402910 | $402910 | $402910 | 0.2% |
| Allo Holdco Borrower LLC | Telecommunications | (4)(7) |  | 8.00% | 4/16/2032 | 5236617 | 5161616 | 5158066 | 2.0% |
| AMI Buyer Inc. | High Tech Industries | (4) | S+ 5.00% | 8.90% | 10/17/2031 | 4330278 | 4299350 | 4330277 | 1.7% |
| Atlas US Finco Inc. | High Tech Industries | (4) | S+ 4.75% | 8.61% | 12/9/2029 | 4343020 | 4343020 | 4343020 | 1.7% |
| Blackbird Purchaser Inc. | Machinery |  | S+ 5.75% | 9.42% | 12/19/2030 | 2172765 | 2163378 | 2173832 | 0.8% |
| Crow River Buyer Inc. | Services: Business | (4) | S+ 6.00% | 9.84% | 1/31/2029 | 3981000 | 3981000 | 3981000 | 1.6% |
| DTIQ Technologies Inc. | Services: Business | (4) | S+ 7.50% | 11.22% | 9/30/2029 | 3649048 | 3596388 | 3594312 | 1.4% |
| Easy Ice, LLC | Services: Business | (4) | S+ 5.25% | 9.24% | 10/30/2030 | 3619377 | 3572748 | 3619377 | 1.4% |
| Ergotron Acquisition LLC | Consumer Goods: Durable | (4) | S+ 5.25% | 8.97% | 7/6/2028 | 4944290 | 4944290 | 4944290 | 1.9% |
| Govineer Solutions LLC | High Tech Industries | (4) | S+ 5.00% | 8.67% | 10/7/2030 | 3366563 | 3345026 | 3366563 | 1.3% |
| Lindstrom, LLC | Metals & Mining | (4) | S+ 5.50% | 9.20% | 12/30/2032 | 3994902 | 3949959 | 3944966 | 1.5% |
| Margaux Acquisition Inc. | Insurance | (4) | S+ 4.75% | 8.89% | 12/19/2027 | 2444340 | 2444340 | 2444340 | 1.0% |
| Margaux Acquisition Inc. | Insurance |  | S+ 4.75% | 8.89% | 12/19/2027 | 289713 | 289713 | 289791 | 0.1% |
| Margaux Acquisition Inc. | Insurance | (4) | S+ 4.75% | 8.89% | 12/19/2027 | 805722 | 805722 | 805722 | 0.3% |
| Primeflight Acquisition LLC | Transportation: Consumer | (4) | S+ 5.50% | 9.35% | 5/1/2029 | 3948503 | 3948503 | 3948503 | 1.5% |
| Primeflight Acquisition LLC | Transportation: Consumer | (4) | S+ 5.50% | 9.17% | 5/1/2029 | 1000762 | 1000762 | 1000762 | 0.4% |
| Saturn Purchaser Corp. | Aerospace & Defense | (4) | S+ 4.75% | 8.64% | 7/22/2030 | 4305760 | 4305760 | 4305760 | 1.7% |
| Substantial Holdco Limited | Telecommunications | (4)(5)(6) | S+ 8.00% | 12.00% | 4/20/2030 | 370783 | 1334867 | 1355288 | 0.5% |
| TVG Shelby Buyer Inc. | Healthcare & Pharmaceuticals | (4) | S+ 5.50% | 9.17% | 3/27/2028 | 1963070 | 1963070 | 1963070 | 0.8% |
| Vatica Health, Inc. | Healthcare & Pharmaceuticals | (4) | S+ 3.75% | 10.75% | 10/29/2032 | 4667940 | 4622359 | 4621260 | 1.8% |
| Vessco Midco Holdings, LLC | Utilities: Water |  | S+ 4.50% | 8.46% | 7/24/2031 | 2015000 | 2005124 | 1994850 | 0.8% |
| Vessco Midco Holdings, LLC | Utilities: Water | (4) | S+ 4.50% | 8.23% | 7/24/2031 | 1375000 | 1368319 | 1375000 | 0.5% |
|  |  |  |  |  |  |  | 63848224 | 63962959 | 24.9% |
| **Loan Agreements (First-Lien) Total - 28.1%** |  |  |  |  |  |  | $71979867 | $72100833 | 28.1% |
| **Money Market Fund - 27.4%** |  |  |  |  |  |  |  |  |  |
| State Street Institutional U.S. Government Money Market Fund Premier Class | State Street Institutional U.S. Government Money Market Fund Premier Class | (8) |  | 3.74% |  | 70012346 | $70012346 | $70012346 | 27.4% |
| **Money Market Fund Total - 27.4%** |  |  |  |  |  |  | $70012346 | $70012346 | 27.4% |
| **Non-Agency Asset Backed Securities - 36.8%** |  |  |  |  |  |  |  |  |  |
| 1988 CLO Ltd. |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Series 2023-2A, Class SUB | Finance | (9) |  | 14.63% | 4/15/2038 | 250000 | $135625 | $126596 | 0.0% |
| American Money Management Corp |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Series 2022-27A, Class SUB | Finance | (9) |  | 16.54% | 1/20/2037 | 1000000 | 917226 | 827897 | 0.3% |
| American Money Management Corp |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Series 2023-26A, Class ER | Finance |  | S+ 6.50% | 10.40% | 4/15/2036 | 2000000 | 2000000 | 2007594 | 0.8% |
| Anchorage Credit Funding Ltd. |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Series 2021-13A, Class SUB | Finance | (9) |  | 14.86% | 7/27/2039 | 750000 | 427784 | 468587 | 0.2% |
| Annisa CLO Ltd. |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Series 2016-2A, Class ERR | Finance |  | S+ 6.93% | 10.81% | 7/20/2031 | 2000000 | 2006847 | 1968088 | 0.8% |
| Apidos CLO Ltd. |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Series 2012-11A, Class ER4 | Finance |  | S+ 6.00% | 9.88% | 4/17/2034 | 350000 | 353850 | 350989 | 0.1% |
| Apidos CLO Ltd. |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Series 2018-29A, Class ER | Finance |  | S+ 6.00% | 9.86% | 7/25/2038 | 2000000 | 2000000 | 2031840 | 0.8% |
| Apidos CLO Ltd. |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Series 2021-35A, Class E | Finance |  | S+ 6.01% | 9.90% | 4/20/2034 | 3000000 | 3024612 | 3019470 | 1.2% |
| Apidos CLO Ltd. |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Series 2021-35A, Class D | Finance |  | S+ 2.91% | 6.80% | 4/20/2034 | 1800000 | 1807802 | 1805341 | 0.7% |
| Apidos CLO Ltd. |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Series 2024-51A, Class SUB | Finance | (9) |  | 13.62% | 1/20/2038 | 600000 | 451170 | 438072 | 0.2% |
| Arbour CLO Ltd. |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Series -9A, Class E | Finance |  | E+ 5.79% | 7.80% | 4/15/2034 | 700000 | 797262 | 810855 | 0.3% |
| Ares CLO Ltd. |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Series 2021-62A, Class ER | Finance |  | S+ 6.00% | 9.86% | 1/25/2034 | 1900000 | 1900000 | 1891287 | 0.7% |
| Ares CLO Ltd. |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Series 2015-2A, Class SUB | Finance | (9) |  | 14.88% | 7/17/2038 | 699700 | 425068 | 387402 | 0.2% |
| Ares CLO Ltd. |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Series 2017-44A, Class DRR | Finance |  | S+ 6.25% | 10.15% | 4/15/2034 | 600000 | 600000 | 597720 | 0.2% |
| Ares CLO Ltd. |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Series 2019-54A, Class SUB | Finance | (9) |  | 15.43% | 7/15/2038 | 5986858 | 2888659 | 2706425 | 1.1% |
| Armada Euro CLO Ltd. |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Series -1A, Class FR | Finance |  | E+ 8.75% | 10.82% | 10/24/2033 | 1600000 | 1869881 | 1888232 | 0.7% |
| Assurant CLO II Ltd. |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Series 2018-2A, Class E | Finance |  | S+ 5.86% | 9.75% | 4/20/2031 | 900000 | 902817 | 900336 | 0.4% |
| Avoca CLO Ltd. |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Series -14A, Class FRR | Finance |  | E+ 8.22% | 10.19% | 7/15/2039 | 1050000 | 1219466 | 1213586 | 0.5% |
| Ballyrock CLO 20 Ltd. |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Series 2022-20A, Class DR2 | Finance |  | S+ 6.20% | 10.10% | 10/15/2036 | 350000 | 351033 | 346062 | 0.1% |
| Barings CLO Ltd. |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Series 2021-2A, Class ER | Finance |  | S+ 6.30% | 10.20% | 7/15/2034 | 1000000 | 1000000 | 997569 | 0.4% |
| Barings CLO Ltd. |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Series 2025-6A, Class SUB | Finance | (9) |  | 11.64% | 1/14/2039 | 1950000 | 1649700 | 1517534 | 0.6% |
| Battalion CLO XXI Ltd. |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Series 2021-21A, Class D | Finance |  | S+ 3.56% | 7.47% | 7/15/2034 | 250000 | 230059 | 240033 | 0.1% |
| BBAM European CLO Ltd. |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Series -1A, Class FR | Finance |  | E+ 8.55% | 10.57% | 7/22/2034 | 1150000 | 1339931 | 1345844 | 0.5% |
| BBAM European CLO Ltd. |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Series -4A, Class FR | Finance |  | E+ 8.18% | 10.23% | 10/26/2038 | 950000 | 1095391 | 1102781 | 0.4% |
| Benefit Street Partners CLO XXXIV Ltd. |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Series 2024-34A, Class E | Finance |  | S+ 6.70% | 10.56% | 7/25/2037 | 500000 | 510367 | 508070 | 0.2% |

---

**Lincoln Bain Capital Total Credit Fund**

**SCHEDULE OF INVESTMENTS (continued)**

**December 31, 2025 (Unaudited)**

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Investments<sup>(1)</sup>** | **Footnotes** | **Reference<br> Rate and<br> Spread<sup>(2)</sup>** | **Interest<br> Rate<sup>(2)</sup>** | **Maturity<br> Date** | **Par<br> Amount/<br> Unit** | **Cost<sup>(3)</sup>** | **Fair<br> Value** | **% of<br> Net Assets** |
| Canyon Capital CLO Ltd. |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Series 2021-4A, Class ER Finance |  | S+ 6.00% | 9.90% | 10/15/2034 | 1450000 | $1450000 | $1431769 | 0.6% |
| Carlyle Global Market Strategies Ltd. |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Series 2022-6A, Class ER2 Finance |  | S+ 5.40% | 9.26% | 10/25/2038 | 1400000 | 1402160 | 1398281 | 0.5% |
| Carlyle Global Market Strategies Ltd. |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Series 2019-4A, Class DR Finance |  | S+ 6.60% | 10.50% | 4/15/2035 | 400000 | 402636 | 400886 | 0.2% |
| Carvana Auto Receivables Trust |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Series 2025-P4, Class R Finance | (9) |  | 14.10% | 11/10/2033 | 3066 | 1635956 | 1651638 | 0.6% |
| CBAMR Ltd. |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Series 2021-14A, Class ER Finance |  | S+ 6.20% | 10.16% | 10/20/2038 | 650000 | 650000 | 652862 | 0.3% |
| CBAMR Ltd. |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Series 2019-11RA, Class ER Finance |  | S+ 6.25% | 9.98% | 3/20/2038 | 2000000 | 2000000 | 2016216 | 0.8% |
| Cedar Funding Ltd. |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Series 2016-6A, Class ER3 Finance |  | S+ 6.25% | 10.13% | 4/20/2034 | 300000 | 300000 | 298421 | 0.1% |
| Cedar Funding Ltd. |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Series 2023-17A, Class ER Finance |  | S+ 6.50% | 10.38% | 7/20/2038 | 900000 | 900000 | 901832 | 0.4% |
| Cedar Funding Ltd. |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Series 2024-18A, Class E Finance |  | S+ 6.65% | 10.51% | 4/23/2037 | 250000 | 253965 | 252176 | 0.1% |
| CIFC Funding Ltd. |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Series 2017-4A, Class D Finance |  | S+ 6.36% | 10.23% | 10/24/2030 | 900000 | 907539 | 900968 | 0.4% |
| CIFC Funding Ltd. |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Series 2017-5A, Class SUB Finance | (9) |  | 14.91% | 7/17/2037 | 1500000 | 524925 | 480565 | 0.2% |
| CIFC Funding Ltd. |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Series 2019-7A, Class SUBR Finance | (9) |  | 13.35% | 10/19/2038 | 10900000 | 4169250 | 4010725 | 1.6% |
| Clermont Park CLO Ltd. |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Series 2025-1A, Class E Finance |  | S+ 5.50% | 9.37% | 4/24/2038 | 2000000 | 2032912 | 2029458 | 0.8% |
| Deutsche Bank AG CRFT |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Series 2025-2A, Class CLN Finance | (4) | S+ 7.25% | 11.21% | 1/21/2035 | 2300000 | 2311480 | 2323690 | 0.9% |
| Dewolf Park CLO Ltd. |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Series 2017-1A, Class E Finance |  | S+ 6.46% | 10.37% | 10/15/2030 | 1150000 | 1158277 | 1152623 | 0.4% |
| Diameter Capital CLO 7 Ltd. |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Series 2024-7A, Class D Finance |  | S+ 6.10% | 9.98% | 7/20/2037 | 1050000 | 1070449 | 1062355 | 0.4% |
| Diameter Capital CLO 7 Ltd. |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Series 2024-7A, Class SUB Finance | (9) |  | 16.21% | 7/20/2037 | 2100000 | 1691198 | 1635730 | 0.6% |
| Dryden Leveraged Loan CDO |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Series 2020-79A, Class ER Finance |  | E+ 6.47% | 8.47% | 1/18/2035 | 600000 | 685296 | 695614 | 0.3% |
| Elmwood CLO 31 Ltd |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Series 2024-7A, Class SUB Finance | (9) |  | 13.37% | 7/17/2037 | 2850000 | 2002125 | 2081037 | 0.8% |
| Euro-Galaxy CLO Ltd. |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Series 2016-5A, Class ERR Finance |  | E+ 5.82% | 7.88% | 2/15/2034 | 350000 | 397618 | 400822 | 0.2% |
| Greenacre Park CLO LLC |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Series 2021-2A, Class ER Finance |  | S+ 6.00% | 9.88% | 7/20/2038 | 2045000 | 2052651 | 2047583 | 0.8% |
| Henley Funding Ltd. |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Series -6A, Class F Finance |  | E+ 8.78% | 10.85% | 6/10/2034 | 500000 | 586325 | 590116 | 0.2% |
| Jamestown CLO Ltd. |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Series 2021-16A, Class ER Finance |  | S+ 6.95% | 10.81% | 7/25/2034 | 400000 | 393247 | 382646 | 0.1% |
| Jamestown CLO Ltd. |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Series 2018-11A, Class D Finance |  | S+ 6.28% | 10.19% | 7/14/2031 | 500000 | 500000 | 499973 | 0.2% |
| KKR Financial CLO Ltd. |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Series -38A, Class ER Finance |  | S+ 7.75% | 11.43% | 1/15/2038 | 1925000 | 1925000 | 1924557 | 0.8% |
| KKR Financial CLO Ltd. |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Series -20, Class E Finance |  | S+ 5.76% | 9.66% | 10/16/2030 | 250000 | 251444 | 248945 | 0.1% |
| KKR Financial CLO Ltd. |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Series -28A, Class ER2 Finance |  | S+ 6.72% | 10.59% | 2/9/2035 | 1700000 | 1662919 | 1640667 | 0.6% |
| LCM Ltd. |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Series -34A, Class D Finance |  | S+ 3.61% | 7.50% | 10/20/2034 | 275000 | 252736 | 259832 | 0.1% |
| Madison Park Euro Funding |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Series -15A, Class FRR Finance |  | E+ 8.25% | 10.28% | 7/15/2036 | 525000 | 607398 | 607904 | 0.2% |
| Neuberger Berman CLO Ltd. |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Series 2023-53A, Class SUB Finance | (9) |  | 13.12% | 10/24/2037 | 1000000 | 818552 | 734895 | 0.3% |
| OCP Euro CLO Ltd. |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Series 2017-1A, Class FRR Finance | (10) | E+ 8.50% | 0.00% | 7/15/2038 | 2000000 | 2328899 | 2350400 | 0.9% |
| Octagon Investment Partners |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Series 2019-1A, Class ER Finance |  | S+ 6.82% | 10.72% | 4/15/2035 | 450000 | 427938 | 402690 | 0.2% |
| Palmer Square European CLO Ltd. |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Series 2021-2A, Class FR Finance | (10) | E+ 8.34% | 0.00% | 3/15/2038 | 4000000 | 4594628 | 4624181 | 1.8% |
| Palmer Square European CLO Ltd. |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Series 2024-1A, Class FR Finance |  | E+ 8.25% | 10.43% | 1/15/2039 | 1250000 | 1467376 | 1469000 | 0.6% |
| Penta CLO SA |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Series 2024-18A, Class F Finance |  | E+ 8.35% | 10.38% | 1/15/2038 | 550000 | 639136 | 647414 | 0.3% |
| Pikes Peak CLO Ltd. |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Series 2021-8A, Class SUB Finance | (9) |  | 12.98% | 7/20/2034 | 3100000 | 1701797 | 1599687 | 0.6% |

---

**Lincoln Bain Capital Total Credit Fund**

**SCHEDULE OF INVESTMENTS (continued)**

**December 31, 2025 (Unaudited)**

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Investments<sup>(1)</sup>** | **Industry** | **Footnotes** | **Reference<br> Rate and<br> Spread<sup>(2)</sup>** | **Interest<br> Rate<sup>(2)</sup>** | **Maturity<br> Date** | **Par<br> Amount/<br> Unit** | **Cost<sup>(3)</sup>** | **Fair<br> Value** | **% of<br> Net Assets** |
| Regatta Funding |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Series 2018-1A, Class SUB | Finance | (9) |  | 14.20% | 7/17/2037 | 2700000 | $697559 | $557030 | 0.2% |
| Regatta Funding |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Series 2018-1A, Class R1A | Finance | (9) |  | 14.20% | 7/17/2037 | 4934000 | 14802 | 94 | 0.0% |
| Regatta Funding |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Series 2018-1A, Class R2 | Finance | (9) |  | 14.20% | 7/17/2037 | 4934000 | 148020 | 136216 | 0.1% |
| Regatta XVI Funding Ltd. |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Series 2019-2A, Class ER | Finance |  | S+ 7.10% | 11.00% | 1/15/2033 | 300000 | 302012 | 301039 | 0.1% |
| Regatta XXVII Funding Ltd. |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Series 2024-1A, Class E | Finance |  | S+ 6.50% | 10.36% | 4/26/2037 | 1050000 | 1058900 | 1057053 | 0.4% |
| Rockford Tower Europe CLO Ltd. |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Series 2021-1A, Class F | Finance |  | E+ 7.86% | 9.86% | 4/20/2034 | 1500000 | 1719898 | 1764713 | 0.7% |
| Romark CLO Ltd. |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Series 2017-1A, Class D | Finance |  | S+ 6.91% | 10.77% | 10/23/2030 | 1100000 | 1105252 | 1081909 | 0.4% |
| RR Ltd. |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Series 2019-7A, Class D1B | Finance |  | S+ 6.50% | 10.40% | 1/15/2037 | 350000 | 350849 | 346282 | 0.1% |
| RR Ltd. |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Series 2023-25A, Class DR | Finance |  | S+ 6.35% | 10.25% | 10/15/2037 | 450000 | 454963 | 451448 | 0.2% |
| Saranac CLO Ltd. |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Series 2020-8A, Class E | Finance |  | S+ 8.38% | 12.27% | 2/20/2033 | 200000 | 148488 | 123375 | 0.0% |
| Saratoga Investment Corp. |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Series 2013-1A, Class ER3 | Finance |  | S+ 7.76% | 11.65% | 4/20/2033 | 550000 | 437827 | 411951 | 0.2% |
| Sculptor European CLO Ltd. |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Series -9A, Class F | Finance |  | E+ 9.01% | 11.03% | 10/10/2034 | 900000 | 1052708 | 1059576 | 0.4% |
| Sixth Street CLO VIII Ltd. |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Series 2017-8A, Class DR2 | Finance |  | S+ 6.75% | 10.63% | 10/20/2034 | 800000 | 806773 | 803064 | 0.3% |
| Sixth Street CLO XVIII Ltd. |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Series 2021-18A, Class SUB | Finance | (9) |  | 13.26% | 10/17/2125 | 750000 | 427275 | 416841 | 0.2% |
| Tallman Park CLO Ltd. |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Series 2021-1A, Class ER | Finance |  | S+ 6.00% | 9.88% | 7/20/2038 | 2700000 | 2706713 | 2700095 | 1.1% |
| Trinitas CLO Ltd. |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Series 2016-4A, Class ER | Finance |  | S+ 6.56% | 10.45% | 10/18/2031 | 950000 | 944306 | 931990 | 0.4% |
| Trinitas CLO Ltd. |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Series 2020-14A, Class ER2 | Finance |  | S+ 6.75% | 10.61% | 1/25/2034 | 850000 | 846935 | 844230 | 0.3% |
| Venture 31 CLO Ltd. |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Series 2018-31A, Class D | Finance |  | S+ 3.08% | 6.97% | 4/20/2031 | 2200000 | 2002000 | 2096477 | 0.8% |
| Vibrant CLO Ltd. |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Series 2019-11A, Class D | Finance |  | S+ 7.03% | 10.92% | 7/20/2032 | 375000 | 377513 | 376435 | 0.1% |
| Vibrant CLO Ltd. |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Series 2021-12A, Class DRR | Finance |  | S+ 5.95% | 9.83% | 4/20/2034 | 250000 | 250000 | 246058 | 0.1% |
| Voya CLO Ltd. |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Series 2019-3A, Class ER | Finance |  | S+ 6.76% | 10.64% | 10/17/2032 | 1550000 | 1561499 | 1554506 | 0.6% |
| Voya CLO Ltd. |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Series 2013-3A, Class DR | Finance |  | S+ 6.16% | 10.05% | 10/18/2031 | 300000 | 301010 | 296177 | 0.1% |
| Voya CLO Ltd. |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Series 2020-1A, Class ER | Finance |  | S+ 6.61% | 10.51% | 7/16/2034 | 650000 | 653233 | 642721 | 0.3% |
| Voya Euro CLO Ltd. |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Series -5A, Class E | Finance |  | E+ 5.81% | 7.82% | 4/15/2035 | 500000 | 571051 | 584920 | 0.2% |
| **Non-Agency Asset Backed Securities Total - 36.8%** |  |  |  |  |  |  | $94999968 | $94090568 | 36.8% |
| **Private Asset Backed Securities - 1.7%** |  |  |  |  |  |  |  |  |  |
| **Mezzanine Tranche** |  |  |  |  |  |  |  |  |  |
| Skywire Issuer, LLC |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Class C Notes | Media: Broadcasting & Subscription | (4) |  | 9.50% | 9/30/2055 | 4500000 | $4208951 | $4245750 | 1.7% |
| **Private Asset Backed Securities - 1.7%** |  |  |  |  |  |  | $4208951 | $4245750 | 1.7% |
| **Total Investments - 98.7%** |  |  |  |  |  |  | $253125172 | $252471261 | 98.7% |
| **Receivables and Other Assets Net of Liabilities - 1.3%** |  |  |  |  |  |  |  | $3291860 | 1.3% |
| **Net Assets Applicable to 25,146,469 Shares Outstanding - 100.0%** | **Net Assets Applicable to 25,146,469 Shares Outstanding - 100.0%** |  |  |  |  |  |  | $255763121 | 100.0% |

---

&nbsp;&nbsp;&nbsp;&nbsp;(1) Unless otherwise indicated, all investments held by the Fund are denominated in U.S. dollars. All investments
are income producing unless otherwise indicated. Certain fund investments may be subject to contractual restrictions on sales. The total
par amount is presented for loan investments.

&nbsp;&nbsp;&nbsp;&nbsp;(2) Variable rate loans to the portfolio companies bear interest at a rate that is determined by reference
to either Euribor ("E"), SOFR including SOFR adjustment, if any, ("S") at the 'borrower's option which generally
resets periodically. S loans are typically indexed to 12 month, 6 month, 3 month or 1 month S rates and E loans are typically indexed
to 3 month. For each such loan, the Fund has provided the interest rate in effect on the date presented.

&nbsp;&nbsp;&nbsp;&nbsp;(3) The cost represents the original cost adjusted for the amortization of discounts and premiums, as applicable,
on loan investments using the effective interest method in accordance with accounting principles generally accepted in the United States
of America ("U.S. GAAP").

&nbsp;&nbsp;&nbsp;&nbsp;(4) Investment valued using unobservable inputs (Level 3).

&nbsp;&nbsp;&nbsp;&nbsp;(5) The Fund has an unfunded commitment to fund delayed draw and/or revolving senior secured loans. The interest
rate for the unfunded portion will be determined at the time of funding. Position or portion thereof is an unfunded loan commitment, and
no interest is being earned on the unfunded portion.

&nbsp;&nbsp;&nbsp;&nbsp;(6) Represents an unfunded loan commitment. The negative cost and/or fair value, if applicable, is due to
the discount received in excess of the principal amount of the unfunded commitment.

&nbsp;&nbsp;&nbsp;&nbsp;(7) Interest or dividend is paid-in-kind, when applicable.

&nbsp;&nbsp;&nbsp;&nbsp;(8) The rate shown is the annualized seven-day yield as of December 31, 2025.

&nbsp;&nbsp;&nbsp;&nbsp;(9) Equity tranche. These notes receive excess distributions, if any, once all other senior obligations are
satisfied in the CLO structure. CLO tranches are generally issued at a discount and have no contractual principal and interest payments.

&nbsp;&nbsp;&nbsp;&nbsp;(10) Delayed settlement. Interest rate to be determined upon settlement date.

**Lincoln Bain Capital Total Credit Fund**

**SCHEDULE OF FOREIGN CURRENCY EXCHANGE CONTRACTS**

**December 31, 2025 (Unaudited)**

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Currency Purchased** | **Currency Purchased** | **Currency Sold** | **Currency Sold** | **Counterparty** | **Settlement Date** | **Unrealized<br> Appreciation** | **Unrealized<br> (Depreciation)** |
| USD | 716125 | EUR | 600000 | Wells Fargo Bank, National Association | 09/15/2026 | $3194 | $- |
| USD | 3388722 | EUR | 2870000 | Wells Fargo Bank, National Association | 10/16/2026 |  | (25052) |
| USD | 1092048 | EUR | 920000 | Wells Fargo Bank, National Association | 10/20/2026 |  | (2417) |
| USD | 542094 | EUR | 460000 | Wells Fargo Bank, National Association | 10/22/2026 |  | (5177) |
| USD | 9470001 | EUR | 8050000 | Wells Fargo Bank, National Association | 11/02/2026 |  | (110937) |
| USD | 1125364 | EUR | 960000 | Wells Fargo Bank, National Association | 11/06/2026 |  | (17369) |
| USD | 1991613 | EUR | 1700000 | Wells Fargo Bank, National Association | 11/20/2026 |  | (32971) |
| USD | 2077940 | EUR | 1760000 | Wells Fargo Bank, National Association | 12/11/2026 |  | (19650) |
| USD | 1347422 | GBP | 1010000 | Wells Fargo Bank, National Association | 12/16/2026 |  | (12056) |
| USD | 1769611 | EUR | 1480000 | Wells Fargo Bank, National Association | 12/29/2026 | 4611 | - |
| **Total Foreign Currency Exchange Contracts** | **Total Foreign Currency Exchange Contracts** | **Total Foreign Currency Exchange Contracts** | **Total Foreign Currency Exchange Contracts** |  |  | $7805 | $(225629) |

---

The use of foreign currency exchange contracts involves elements of market risk and risks in excess of the amounts recognized in the financial statements. The foreign currency exchange contracts and notional amounts presented above represent the Fund's total exposure in such contracts, whereas only the net unrealized appreciation (depreciation) is reflected in the Fund's net assets.

Summary of Abbreviations:

CLO - Collateralized Loan Obligations

CMO - Collateralized Mortgage Obligations

EUR - Euro

GBP - British Pound Sterling

USD - United States Dollar

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Lincoln Bain Capital Total Credit Fund

- **b. Investment Company Act file number:** 811-24066

- **c. CIK number of Registrant:** 0002054992

- **d. LEI of Registrant:** 254900VJJLPUBAWHTE02

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

  - **Street Address 1:** 1301 S. Harrison Street

  - **City:** FORT WAYNE

  - **State:** IN

  - **Foreign country:** US

  - **Zip / Postal Code:** 46802

  - **Telephone number:** 855-456-0067

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

- **a. Name of Series:** Lincoln Bain Capital Total Credit Fund

- **c. LEI of Series:** 254900VJJLPUBAWHTE02

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

- **a. Date of fiscal year-end:** 2026-03-31

- **b. Date as of which information is reported:** 2025-12-31

**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:** $273134102.45

**Total Liabilities:** $17424887.08

**Net Assets:** $255709215.37

**Delayed Delivery Securities:** $2328898.72

**Cash Not Reported:** $3560278.95

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -11.35000000 | **1-Year:** -969.89000000 | **5-Year:** -152.89000000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

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

- **3-Month:** -410.81000000 | **1-Year:** -14413.91000000 | **5-Year:** -37285.55000000 | **10-Year:** -6215.42000000 | **30-Year:** -9865.01000000

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | 0.10%                | 0.20%                | 0.24%                |
| Class ID N/A | 0.20%                | 0.30%                | 0.25%                |
| Class ID N/A | 0.20%                | 0.20%                | 0.26%                |
| Class ID N/A | 0.19%                | 0.29%                | 0.32%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $30233.73                | $-646830.14                                |
| Month 2  | $-71600.43               | $-347409.54                                |
| Month 3  | $25315.89                | $329656.86                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| American Money Management Corporation      | AMMC CLO 27 Ltd                                                     | CUSIP: 00173YAC0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $856564.00    | 0.33%             | 2037-01-20      | Variable      | 14.33%                | No            |                  2 | On Loan: No      |
| American Money Management Corporation      | AMMC CLO 26 Ltd                                                     | CUSIP: 00177UAJ9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $2007594.00   | 0.79%             | 2036-04-15      | Floating      | 10.40%                | No            |                  2 | On Loan: No      |
| ARES CLO Ltd                               | Ares LXII CLO Ltd                                                   | CUSIP: 00192XAE5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1900000 | PA      | $1891286.60   | 0.74%             | 2034-01-25      | Floating      | 9.86%                 | No            |                  2 | On Loan: No      |
| Anchorage Credit Funding Ltd.              | Anchorage Credit Funding 13 Ltd                                     | CUSIP: 03290BAE8<br>LEI: 549300N5JCR10GGBIT41 | Long             | ABS-CBDO         | CORP              | KY        |    750000 | PA      | $488661.00    | 0.19%             | 2039-07-27      | Variable      | 14.80%                | No            |                  2 | On Loan: No      |
| Annisa CLO Ltd                             | Annisa CLO Ltd 2016-2                                               | CUSIP: 036010AE6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $1968088.00   | 0.77%             | 2031-07-20      | Floating      | 10.81%                | No            |                  2 | On Loan: No      |
| Apidos CLO                                 | Apidos CLO XI                                                       | CUSIP: 03764EAQ2<br>LEI: 549300XIP4V1NMCICV93 | Long             | ABS-CBDO         | CORP              | KY        |    350000 | PA      | $350988.75    | 0.14%             | 2034-04-17      | Floating      | 9.88%                 | No            |                  2 | On Loan: No      |
| Apidos CLO                                 | Apidos CLO XXIX                                                     | CUSIP: 03767GAE1<br>LEI: 549300AVJUID3QNR9M59 | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $2031840.00   | 0.79%             | 2038-07-25      | Floating      | 9.86%                 | No            |                  2 | On Loan: No      |
| Apidos CLO                                 | Apidos CLO XXXV                                                     | CUSIP: 03768TAA0<br>LEI: 549300KJKTO0Q1OATW69 | Long             | ABS-CBDO         | CORP              | KY        |   3000000 | PA      | $3019470.00   | 1.18%             | 2034-04-20      | Floating      | 9.90%                 | No            |                  2 | On Loan: No      |
| Apidos CLO                                 | Apidos CLO XXXV                                                     | CUSIP: 03768UAD1<br>LEI: 549300KJKTO0Q1OATW69 | Long             | ABS-CBDO         | CORP              | KY        |   1800000 | PA      | $1805340.60   | 0.71%             | 2034-04-20      | Floating      | 6.80%                 | No            |                  2 | On Loan: No      |
| Apidos CLO                                 | Apidos CLO LI Ltd                                                   | CUSIP: 03771PAE5<br>LEI: 254900K0UHSUBZXUMR56 | Long             | ABS-CBDO         | CORP              | JE        |    600000 | PA      | $449712.60    | 0.18%             | 2038-01-20      | Variable      | 10.12%                | No            |                  2 | On Loan: No      |
| ARES CLO Ltd                               | Ares XXXIV CLO Ltd                                                  | CUSIP: 04015HAJ6<br>LEI: 549300VDFIIXSFET0S73 | Long             | ABS-CBDO         | CORP              | KY        |    699700 | PA      | $399531.50    | 0.16%             | 2038-07-17      | Variable      | 9.04%                 | No            |                  2 | On Loan: No      |
| ARES CLO Ltd                               | ARES XLIV CLO Ltd                                                   | CUSIP: 04016NBT9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    600000 | PA      | $597720.00    | 0.23%             | 2034-04-15      | Floating      | 10.15%                | No            |                  2 | On Loan: No      |
| ARES CLO Ltd                               | Ares LIV CLO Ltd                                                    | CUSIP: 04017XAC4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   5986858 | PA      | $2794114.52   | 1.09%             | 2038-07-15      | Variable      | 7.32%                 | No            |                  2 | On Loan: No      |
| 522 Funding CLO LTD                        | ASSURANT CLO II LTD                                                 | CUSIP: 04623HAA9<br>LEI: 6354003JXBM4LA5YCP98 | Long             | ABS-CBDO         | CORP              | KY        |    900000 | PA      | $900335.70    | 0.35%             | 2031-04-20      | Floating      | 9.75%                 | No            |                  2 | On Loan: No      |
| Ballyrock Ltd                              | Ballyrock CLO 20 Ltd                                                | CUSIP: 05876DAG6<br>LEI: 254900WX8CA21F2QI356 | Long             | ABS-CBDO         | CORP              | KY        |    350000 | PA      | $346062.15    | 0.14%             | 2036-10-15      | Floating      | 10.10%                | No            |                  2 | On Loan: No      |
| Babson CLO Ltd                             | Barings CLO Ltd 2021-II                                             | CUSIP: 06762KAE0<br>LEI: 549300ZI2PPUCDLS2Y70 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $997569.00    | 0.39%             | 2034-07-15      | Floating      | 10.20%                | No            |                  2 | On Loan: No      |
| Babson CLO Ltd                             | Barings CLO Ltd 2025-VI                                             | CUSIP: 06764XAC4<br>LEI: 2549000XGGHFFMGI1592 | Long             | ABS-CBDO         | CORP              | KY        |   1950000 | PA      | $1531793.25   | 0.60%             | 2039-01-14      | Variable      | 9.53%                 | No            |                  2 | On Loan: No      |
| Battalion CLO LTD                          | Battalion Clo XXI Ltd                                               | CUSIP: 07134WAL7<br>LEI: 549300EOF4JL75TYXX49 | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $240032.50    | 0.09%             | 2034-07-15      | Floating      | 7.47%                 | No            |                  2 | On Loan: No      |
| Benefit Street Partners CLO Ltd            | Benefit Street Partners CLO XXXIV Ltd                               | CUSIP: 081923AA2<br>LEI: 25490002NPB1AZIR3342 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $508069.50    | 0.20%             | 2037-07-25      | Floating      | 10.56%                | No            |                  2 | On Loan: No      |
| BLACKBIRD PURCHASER INC                    | Blackbird Purchaser Inc 2023 Revolver                               | CUSIP: 09228HAN9<br>LEI: 2549007NP5TTNZWK3X89 | Long             | LON              | CORP              | US        |    261070 | PA      | $250755.30    | 0.10%             | 2029-12-19      | Floating      | 9.47%                 | No            |                  2 | On Loan: No      |
| BLACKBIRD PURCHASER INC                    | Blackbird Purchaser Inc 2023 Delayed Draw Term Loan                 | CUSIP: 09228HAP4<br>LEI: 2549007NP5TTNZWK3X89 | Long             | LON              | CORP              | US        |    388931 | PA      | $389121.83    | 0.15%             | 2030-12-19      | Floating      | 9.47%                 | No            |                  2 | On Loan: No      |
| BLACKBIRD PURCHASER INC                    | Blackbird Purchaser Inc 2023 Term Loan                              | CUSIP: 09228HAQ2<br>LEI: 2549007NP5TTNZWK3X89 | Long             | LON              | CORP              | US        |   1949409 | PA      | $1950365.50   | 0.76%             | 2030-12-19      | Floating      | 9.42%                 | No            |                  2 | On Loan: No      |
| CBAMR Ltd                                  | CBAMR 2021-14 LTD                                                   | CUSIP: 12516YAA5<br>LEI: 254900Q3N8LV0KJICN72 | Long             | ABS-CBDO         | CORP              | KY        |    650000 | PA      | $652861.95    | 0.26%             | 2038-10-20      | Floating      | 10.16%                | No            |                  2 | On Loan: No      |
| CIFC Funding Ltd                           | CIFC Funding 2017-IV Ltd                                            | CUSIP: 12551KAA1<br>LEI: 254900JEH56UBUEZJW15 | Long             | ABS-CBDO         | CORP              | KY        |    900000 | PA      | $900967.50    | 0.35%             | 2030-10-24      | Floating      | 10.23%                | No            |                  2 | On Loan: No      |
| CIFC Funding Ltd                           | CIFC Funding 2017-V Ltd                                             | CUSIP: 12551NAC1<br>LEI: 635400BTAKRBKGRV3X14 | Long             | ABS-CBDO         | CORP              | KY        |   1500000 | PA      | $494502.00    | 0.19%             | 2037-07-17      | Variable      | 5.22%                 | No            |                  2 | On Loan: No      |
| CSAIL Commercial Mortgage Trust            | CSAIL 2016-C6 Commercial Mortgage Trust                             | CUSIP: 12636MAV0<br>LEI: 549300C2HE5FJAWYZL57 | Long             | ABS-MBS          | CORP              | US        |   1600000 | PA      | $1360237.92   | 0.53%             | 2049-01-15      | Variable      | 4.90%                 | No            |                  2 | On Loan: No      |
| Canyon Capital CLO Ltd                     | Canyon CLO 2021-4 Ltd                                               | CUSIP: 13877QAE5<br>LEI: 254900V38Q76ALAJY818 | Long             | ABS-CBDO         | CORP              | KY        |   1450000 | PA      | $1431769.15   | 0.56%             | 2034-10-15      | Floating      | 9.90%                 | No            |                  2 | On Loan: No      |
| Carlyle Global Market Strategies           | Carlyle US CLO 2022-6 Ltd                                           | CUSIP: 14317NAJ7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1400000 | PA      | $1398280.80   | 0.55%             | 2038-10-25      | Floating      | 9.26%                 | No            |                  2 | On Loan: No      |
| Carlyle Global Market Strategies           | CARLYLE US CLO 2019-4 LTD                                           | CUSIP: 14317WAG3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    400000 | PA      | $400886.40    | 0.16%             | 2035-04-15      | Floating      | 10.50%                | No            |                  2 | On Loan: No      |
| Carvana Auto Receivables Trust             | Carvana Auto Receivables Trust 2025-P4                              | CUSIP: 14689AAK2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      3066 | PA      | $1666004.54   | 0.65%             | 2033-11-10      | Variable      | 0.01%                 | No            |                  2 | On Loan: No      |
| CBAMR Ltd                                  | CBAMR 2019-11R Ltd                                                  | CUSIP: 14988AAH7<br>LEI: 254900Q3N8LV0KJICN72 | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $2016216.00   | 0.79%             | 2038-03-20      | Floating      | 9.98%                 | No            |                  2 | On Loan: No      |
| Cedar Funding Ltd                          | Cedar Funding VI CLO Ltd                                            | CUSIP: 15032CAJ2<br>LEI: 549300PQ60B57EBTK013 | Long             | ABS-CBDO         | CORP              | KY        |    300000 | PA      | $298421.10    | 0.12%             | 2034-04-20      | Floating      | 10.13%                | No            |                  2 | On Loan: No      |
| Cedar Funding Ltd                          | Cedar Funding XVIII CLO Ltd                                         | CUSIP: 15032HAA0<br>LEI: 2138004YWVJKMJZZU671 | Long             | ABS-CBDO         | CORP              | JE        |    250000 | PA      | $252176.00    | 0.10%             | 2037-04-23      | Floating      | 10.51%                | No            |                  2 | On Loan: No      |
| Cedar Funding Ltd                          | Cedar Funding XVII CLO Ltd                                          | CUSIP: 15033QAE1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |    900000 | PA      | $901832.40    | 0.35%             | 2038-07-20      | Floating      | 10.38%                | No            |                  2 | On Loan: No      |
| CIFC Funding Ltd                           | CIFC Funding 2019-VII Ltd                                           | CUSIP: 171932AC0<br>LEI: 2549005S1LQJ8MBPXW05 | Long             | ABS-CBDO         | CORP              | KY        |  10900000 | PA      | $4108220.90   | 1.61%             | 2038-10-19      | Variable      | 5.02%                 | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage Trust        | Citigroup Commercial Mortgage Trust 2016-GC36                       | CUSIP: 17324TAK5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $935222.90    | 0.37%             | 2049-02-10      | Variable      | 4.64%                 | No            |                  2 | On Loan: No      |
| Clermont Park CLO, LTD.                    | Clermont Park CLO Ltd                                               | CUSIP: 185836AA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $2029458.00   | 0.79%             | 2038-04-24      | Floating      | 9.37%                 | No            |                  2 | On Loan: No      |
| Dewolf Park clo, ltd                       | Dewolf Park CLO Ltd                                                 | CUSIP: 25211CAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1150000 | PA      | $1152623.15   | 0.45%             | 2030-10-15      | Floating      | 10.37%                | No            |                  2 | On Loan: No      |
| Diameter Capital CLO                       | Diameter Capital CLO 7 Ltd                                          | CUSIP: 25255XAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1050000 | PA      | $1062355.35   | 0.42%             | 2037-07-20      | Floating      | 9.98%                 | No            |                  2 | On Loan: No      |
| Diameter Capital CLO                       | Diameter Capital CLO 7 Ltd                                          | CUSIP: 25255XAC0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2100000 | PA      | $1678124.70   | 0.66%             | 2037-07-20      | Variable      | 10.09%                | No            |                  2 | On Loan: No      |
| Wells Fargo Bank NA                        | PURCHASED USD / SOLD EUR                                            | CUSIP: 000000000<br>LEI: KB1H1DSPRFMYMCUFXT09 | N/A              | DFE              |  | US        |         1 | NC      | $3194.16      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Wells Fargo Bank NA                        | PURCHASED USD / SOLD EUR                                            | CUSIP: 000000000<br>LEI: KB1H1DSPRFMYMCUFXT09 | N/A              | DFE              |  | US        |         1 | NC      | $-25051.99    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Wells Fargo Bank NA                        | PURCHASED USD / SOLD EUR                                            | CUSIP: 000000000<br>LEI: KB1H1DSPRFMYMCUFXT09 | N/A              | DFE              |  | US        |         1 | NC      | $-2416.53     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Wells Fargo Bank NA                        | PURCHASED USD / SOLD EUR                                            | CUSIP: 000000000<br>LEI: KB1H1DSPRFMYMCUFXT09 | N/A              | DFE              |  | US        |         1 | NC      | $-5176.54     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Wells Fargo Bank NA                        | PURCHASED USD / SOLD EUR                                            | CUSIP: 000000000<br>LEI: KB1H1DSPRFMYMCUFXT09 | N/A              | DFE              |  | US        |         1 | NC      | $-110938.02   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| Wells Fargo Bank NA                        | PURCHASED USD / SOLD EUR                                            | CUSIP: 000000000<br>LEI: KB1H1DSPRFMYMCUFXT09 | N/A              | DFE              |  | US        |         1 | NC      | $-17368.67    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Wells Fargo Bank NA                        | PURCHASED USD / SOLD EUR                                            | CUSIP: 000000000<br>LEI: KB1H1DSPRFMYMCUFXT09 | N/A              | DFE              |  | US        |         1 | NC      | $-32971.60    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Wells Fargo Bank NA                        | PURCHASED USD / SOLD EUR                                            | CUSIP: 000000000<br>LEI: KB1H1DSPRFMYMCUFXT09 | N/A              | DFE              |  | US        |         1 | NC      | $-19649.84    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Wells Fargo Bank NA                        | PURCHASED USD / SOLD GBP                                            | CUSIP: 000000000<br>LEI: KB1H1DSPRFMYMCUFXT09 | N/A              | DFE              |  | US        |         1 | NC      | $-12055.77    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Wells Fargo Bank NA                        | PURCHASED USD / SOLD EUR                                            | CUSIP: 000000000<br>LEI: KB1H1DSPRFMYMCUFXT09 | N/A              | DFE              |  | US        |         1 | NC      | $4610.65      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Elmwood CLO 31 Ltd                         | Elmwood CLO 31 Ltd                                                  | CUSIP: 29003RAE6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2850000 | PA      | $2119148.85   | 0.83%             | 2037-07-17      | Variable      | 9.39%                 | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage Trust        | Citigroup Commercial Mortgage Trust 2016-P4                         | CUSIP: 29429EAK7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1500000 | PA      | $1370118.90   | 0.54%             | 2049-07-10      | Variable      | 3.93%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust               | GS Mortgage Securities Trust 2015-GS1                               | CUSIP: 36252AAK2<br>LEI: 549300WZ62L3Y22NOZ64 | Long             | ABS-MBS          | CORP              | US        |    450000 | PA      | $391859.96    | 0.15%             | 2048-11-10      | Variable      | 4.34%                 | No            |                  2 | On Loan: No      |
| Greenacre Park CLO LLC                     | Greenacre Park CLO LLC                                              | CUSIP: 39355WAN8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2045000 | PA      | $2047582.84   | 0.80%             | 2038-07-20      | Floating      | 9.88%                 | No            |                  2 | On Loan: No      |
| JPMBB Commercial Mortgage Securities Trust | JPMBB Commercial Mortgage Securities Trust 2015-C30                 | CUSIP: 46644UBF4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $1868782.40   | 0.73%             | 2048-07-15      | Variable      | 4.12%                 | No            |                  2 | On Loan: No      |
| Jamestown CLO Ltd                          | Jamestown CLO XVI Ltd                                               | CUSIP: 47048TAE1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    400000 | PA      | $382646.40    | 0.15%             | 2034-07-25      | Floating      | 10.81%                | No            |                  2 | On Loan: No      |
| Jamestown CLO Ltd                          | Jamestown CLO XI Ltd                                                | CUSIP: 47049AAA9<br>LEI: 549300ICXRO4NIJIWJ29 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $499973.00    | 0.20%             | 2031-07-14      | Floating      | 10.19%                | No            |                  2 | On Loan: No      |
| KKR Financial CLO Ltd                      | KKR CLO 38 Ltd                                                      | CUSIP: 481938AE8<br>LEI: 254900OAJ15MUAFDVE64 | Long             | ABS-CBDO         | CORP              | KY        |   1925000 | PA      | $1924557.25   | 0.75%             | 2038-01-15      | Floating      | 11.43%                | No            |                  2 | On Loan: No      |
| KKR Financial CLO Ltd                      | KKR CLO 20 Ltd                                                      | CUSIP: 48251VAA4<br>LEI: 549300HJX0LGFQYWTF96 | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $248945.00    | 0.10%             | 2030-10-16      | Floating      | 9.66%                 | No            |                  2 | On Loan: No      |
| KKR Financial CLO Ltd                      | KKR CLO 28 LTD                                                      | CUSIP: 48253VAG9<br>LEI: 549300OP87QBZ6KR1406 | Long             | ABS-CBDO         | CORP              | KY        |   1700000 | PA      | $1640666.60   | 0.64%             | 2035-02-09      | Floating      | 10.59%                | No            |                  2 | On Loan: No      |
| LCM Ltd Partnership                        | LCM 34 Ltd                                                          | CUSIP: 50203CAJ2<br>LEI: 54930038DJKYPKSVRB29 | Long             | ABS-CBDO         | CORP              | KY        |    275000 | PA      | $259832.38    | 0.10%             | 2034-10-20      | Floating      | 7.50%                 | No            |                  2 | On Loan: No      |
| LSTAR Commercial Mortgage Trust            | LSTAR Commercial Mortgage Trust 2017-5                              | CUSIP: 54910TAS1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1200000 | PA      | $1002205.68   | 0.39%             | 2050-03-10      | Variable      | 4.68%                 | No            |                  2 | On Loan: No      |
| Margaux Acquisition INC                    | Margaux Acquisition INC USD Term Loan                               | CUSIP: 56659XAB9<br>LEI: 54930007IYPXT5JYRN91 | Long             | LON              | CORP              | US        |   2444340 | PA      | $2444340.43   | 0.96%             | 2027-12-19      | Floating      | 8.89%                 | No            |                  3 | On Loan: No      |
| Margaux Acquisition INC                    | Margaux Acquisition INC USD Delayed Draw Term Loan                  | CUSIP: 56659XAC7<br>LEI: 54930007IYPXT5JYRN91 | Long             | LON              | CORP              | US        |    793703 | PA      | $793702.90    | 0.31%             | 2027-12-19      | Floating      | 8.89%                 | No            |                  3 | On Loan: No      |
| Margaux Acquisition INC                    | Margaux Acquisition INC USD Revolver                                | CUSIP: 56659XAD5<br>LEI: 54930007IYPXT5JYRN91 | Long             | LON              | CORP              | US        |    303000 | PA      | $290962.23    | 0.11%             | 2027-12-19      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| Margaux Acquisition INC                    | Margaux Acquisition INC 2020 Term Loan                              | CUSIP: 56659XAH6<br>LEI: 54930007IYPXT5JYRN91 | Long             | LON              | CORP              | US        |    289713 | PA      | $289791.43    | 0.11%             | 2027-12-19      | Floating      | 8.89%                 | No            |                  2 | On Loan: No      |
| Margaux Acquisition INC                    | Margaux Acquisition INC 2020 Delayed Draw Term Loan                 | CUSIP: 56659XAJ2<br>LEI: 54930007IYPXT5JYRN91 | Long             | LON              | CORP              | US        |    326483 | PA      | $326571.40    | 0.13%             | 2027-12-19      | Floating      | 8.89%                 | No            |                  2 | On Loan: No      |
| Margaux Acquisition INC                    | Margaux Acquisition INC 2021 Incremental Term Loan                  | CUSIP: 56659XAK9<br>LEI: 54930007IYPXT5JYRN91 | Long             | LON              | CORP              | US        |    805722 | PA      | $805721.66    | 0.32%             | 2027-12-19      | Floating      | 8.89%                 | No            |                  3 | On Loan: No      |
| Morgan Stanley BAML Trust                  | Morgan Stanley Bank of America Merrill Lynch Trust 2016-C29         | CUSIP: 61766EAL9<br>LEI: 549300P1YQ48837ZOI22 | Long             | ABS-MBS          | CORP              | US        |   1600000 | PA      | $1392528.16   | 0.54%             | 2049-05-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Neuberger Berman CLO Ltd                   | Neuberger Berman Loan Advisers NBLA CLO 53 Ltd                      | CUSIP: 64135LAC1<br>LEI: 254900R37Z1EGG1Y1P54 | Long             | ABS-CBDO         | CORP              | JE        |   1000000 | PA      | $751613.00    | 0.29%             | 2037-10-24      | Variable      | 8.84%                 | No            |                  2 | On Loan: No      |
| 1988 CLO Ltd.                              | 1988 CLO 2 Ltd                                                      | CUSIP: 653939AC2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $130390.50    | 0.05%             | 2038-04-15      | Variable      | 7.29%                 | No            |                  2 | On Loan: No      |
| Octagon Investment Partners 45, Ltd.       | Octagon Investment Partners 45 Ltd                                  | CUSIP: 67577NAG6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    450000 | PA      | $402690.15    | 0.16%             | 2035-04-15      | Floating      | 10.72%                | No            |                  2 | On Loan: No      |
| Pikes Peak CLO                             | Pikes Peak CLO 8                                                    | CUSIP: 72133DAC4<br>LEI: 549300NJA5BS4BQQJL72 | Long             | ABS-CBDO         | CORP              | KY        |   3100000 | PA      | $1652923.10   | 0.65%             | 2034-07-20      | Variable      | 8.70%                 | No            |                  2 | On Loan: No      |
| RR Ltd                                     | RR 7 Ltd                                                            | CUSIP: 74980CAJ1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    350000 | PA      | $346281.60    | 0.14%             | 2037-01-15      | Floating      | 10.40%                | No            |                  2 | On Loan: No      |
| RR Ltd                                     | RR 25 Ltd                                                           | CUSIP: 75000LAL9<br>LEI: 254900FV8ZM4T7O1K491 | Long             | ABS-CBDO         | CORP              | BM        |    450000 | PA      | $451447.65    | 0.18%             | 2037-10-15      | Floating      | 10.25%                | No            |                  2 | On Loan: No      |
| Regatta Funding                            | Regatta XI Funding Ltd                                              | CUSIP: 75887YAC9<br>LEI: 254900TUAAER6MTE4E64 | Long             | ABS-CBDO         | CORP              | KY        |   2700000 | PA      | $565506.90    | 0.22%             | 2037-07-17      | Variable      | 1.45%                 | No            |                  2 | On Loan: No      |
| Regatta Funding                            | Regatta XI Funding Ltd                                              | CUSIP: 75887YAQ8<br>LEI: 254900TUAAER6MTE4E64 | Long             | ABS-CBDO         | CORP              | KY        |   4934000 | PA      | $15014.16     | 0.01%             | 2037-07-17      | Fixed         | 0.01%                 | No            |                  2 | On Loan: No      |
| Regatta Funding                            | Regatta XI Funding Ltd                                              | CUSIP: 75887YAU9<br>LEI: 254900TUAAER6MTE4E64 | Long             | ABS-CBDO         | CORP              | KY        |   4934000 | PA      | $151014.94    | 0.06%             | 2037-07-17      | Fixed         | 0.09%                 | No            |                  2 | On Loan: No      |
| Regatta XVI Funding Ltd.                   | Regatta XVI Funding Ltd                                             | CUSIP: 75888QAL5<br>LEI: 254900XPJFGKL5R4O429 | Long             | ABS-CBDO         | CORP              | KY        |    300000 | PA      | $301039.20    | 0.12%             | 2033-01-15      | Floating      | 11.00%                | No            |                  2 | On Loan: No      |
| Regatta XXVII Funding Ltd.                 | Regatta XXVII Funding Ltd                                           | CUSIP: 758973AA9<br>LEI: 213800A3LAH3GG226R43 | Long             | ABS-CBDO         | CORP              | JE        |   1050000 | PA      | $1057052.85   | 0.41%             | 2037-04-26      | Floating      | 10.36%                | No            |                  2 | On Loan: No      |
| Romark CLO Ltd                             | Romark CLO Ltd                                                      | CUSIP: 77587UAJ1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1100000 | PA      | $1081909.40   | 0.42%             | 2030-10-23      | Floating      | 10.77%                | No            |                  2 | On Loan: No      |
| State Street Global Advisors               | State Street Institutional US Government Money Market Fund          | CUSIP: 857492706<br>LEI: 549300BZ5TGIFZUZDZ37 | Long             | STIV             | RF                | US        |  70012346 | NS      | $70012345.60  | 27.38%            |  |  |  | No            |                  1 | On Loan: No      |
| Saranac CLO LTD                            | Saranac Clo VIII Ltd                                                | CUSIP: 80316RAA9<br>LEI: 5493002KTJG5M0SYTB50 | Long             | ABS-CBDO         | CORP              | JE        |    200000 | PA      | $123374.80    | 0.05%             | 2033-02-20      | Floating      | 12.27%                | No            |                  2 | On Loan: No      |
| Saratoga Investment Corp CLO Ltd           | Saratoga Investment Corp CLO 2013-1 Ltd                             | CUSIP: 80349CAQ8<br>LEI: 549300471O2DE0Y4L506 | Long             | ABS-CBDO         | CORP              | KY        |    550000 | PA      | $411951.10    | 0.16%             | 2033-04-20      | Floating      | 11.65%                | No            |                  2 | On Loan: No      |
| Sixth Street CLO XVI, LTD.                 | Sixth Street CLO XVIII Ltd                                          | CUSIP: 83012JAC4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    750000 | PA      | $426927.75    | 0.17%             | 2125-10-17      | Variable      | 7.55%                 | No            |                  2 | On Loan: No      |
| Sixth Street CLO XVI, LTD.                 | Sixth Street CLO VIII Ltd                                           | CUSIP: 83012WAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    800000 | PA      | $803064.00    | 0.31%             | 2034-10-20      | Floating      | 10.63%                | No            |                  2 | On Loan: No      |
| Tallman Park CLO, Ltd.                     | Tallman Park CLO Ltd                                                | CUSIP: 874779AJ0<br>LEI: 549300F1X3PF0EWH0F90 | Long             | ABS-CBDO         | CORP              | KY        |   2700000 | PA      | $2700094.50   | 1.06%             | 2038-07-20      | Floating      | 9.88%                 | No            |                  2 | On Loan: No      |
| Trinitas CLO Ltd                           | TRINITAS CLO IV LTD                                                 | CUSIP: 89640WAE8<br>LEI: 635400UFTIJ9NEWTCB16 | Long             | ABS-CBDO         | CORP              | KY        |    950000 | PA      | $931989.90    | 0.36%             | 2031-10-18      | Floating      | 10.45%                | No            |                  2 | On Loan: No      |
| Trinitas CLO Ltd                           | Trinitas CLO XIV Ltd                                                | CUSIP: 89641VAE9<br>LEI: 549300095MXHZZMH2053 | Long             | ABS-CBDO         | CORP              | KY        |    850000 | PA      | $844230.20    | 0.33%             | 2034-01-25      | Floating      | 10.61%                | No            |                  2 | On Loan: No      |
| Venture CDO Ltd                            | Venture 31 CLO Ltd                                                  | CUSIP: 92331VAJ7<br>LEI: 549300WIVX6V4NHW6X79 | Long             | ABS-CBDO         | CORP              | KY        |   2200000 | PA      | $2096476.80   | 0.82%             | 2031-04-20      | Floating      | 6.97%                 | No            |                  2 | On Loan: No      |
| VESSCO MIDCO HOLDINGS LLC                  | Vessco Midco Holdings LLC 2024 Aggregate Revolver                   | CUSIP: 92539EAH9<br>LEI: 254900VNENPK49YQ4404 | Long             | LON              | CORP              | US        |    224000 | PA      | $219923.20    | 0.09%             | 2031-07-24      | Floating      | 4.50%                 | No            |                  2 | On Loan: No      |
| VESSCO MIDCO HOLDINGS LLC                  | Vessco Midco Holdings LLC 2024 Aggregate Term Loan                  | CUSIP: 92539EAJ5<br>LEI: 254900VNENPK49YQ4404 | Long             | LON              | CORP              | US        |   2015000 | PA      | $1994850.00   | 0.78%             | 2031-07-24      | Floating      | 8.70%                 | No            |                  2 | On Loan: No      |
| VESSCO MIDCO HOLDINGS LLC                  | Vessco Midco Holdings LLC 2024 Aggregate Delayed Draw Term Loan     | CUSIP: 92539EAK2<br>LEI: 254900VNENPK49YQ4404 | Long             | LON              | CORP              | US        |    672000 | PA      | $665280.00    | 0.26%             | 2031-07-24      | Floating      | 8.56%                 | No            |                  2 | On Loan: No      |
| VESSCO MIDCO HOLDINGS LLC                  | Vessco Midco Holdings LLC 2025 Incremental Term Loan                | CUSIP: 92539EAL0<br>LEI: 254900VNENPK49YQ4404 | Long             | LON              | CORP              | US        |   1375000 | PA      | $1368125.00   | 0.54%             | 2031-07-24      | Floating      | 8.23%                 | No            |                  3 | On Loan: No      |
| VESSCO MIDCO HOLDINGS LLC                  | Vessco Midco Holdings LLC 2025 Incremental Delayed Draw Term Loan   | CUSIP: 92539EAM8<br>LEI: 254900VNENPK49YQ4404 | Long             | LON              | CORP              | US        |   1337000 | PA      | $1333657.50   | 0.52%             | 2031-07-24      | Fixed         | 1.00%                 | No            |                  3 | On Loan: No      |
| Vibrant CLO Ltd                            | Vibrant CLO XI Ltd                                                  | CUSIP: 92558MAA2<br>LEI: 5493008IYL3HLPE46G85 | Long             | ABS-CBDO         | CORP              | KY        |    375000 | PA      | $376434.75    | 0.15%             | 2032-07-20      | Floating      | 10.92%                | No            |                  2 | On Loan: No      |
| Vibrant CLO Ltd                            | Vibrant CLO XII Ltd                                                 | CUSIP: 92558XAJ9<br>LEI: 5493000EYQWTOWOLAO60 | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $246057.75    | 0.10%             | 2034-04-20      | Floating      | 9.83%                 | No            |                  2 | On Loan: No      |
| Voya CLO Ltd                               | Voya CLO 2019-3 Ltd                                                 | CUSIP: 92891FAC9<br>LEI: 254900MS3D9HONB0N824 | Long             | ABS-CBDO         | CORP              | KY        |   1550000 | PA      | $1554505.85   | 0.61%             | 2032-10-17      | Floating      | 10.64%                | No            |                  2 | On Loan: No      |
| Voya CLO Ltd                               | Voya CLO 2013-3 Ltd                                                 | CUSIP: 92917VAA8<br>LEI: 5493003QPCHR7P2XIW55 | Long             | ABS-CBDO         | CORP              | KY        |    300000 | PA      | $296177.10    | 0.12%             | 2031-10-18      | Floating      | 10.05%                | No            |                  2 | On Loan: No      |
| Voya CLO Ltd                               | Voya CLO 2020-1 Ltd                                                 | CUSIP: 92918GAE2<br>LEI: 254900MS3D9HONB0N824 | Long             | ABS-CBDO         | CORP              | KY        |    650000 | PA      | $642720.65    | 0.25%             | 2034-07-16      | Floating      | 10.51%                | No            |                  2 | On Loan: No      |
| Ergotron Acquisition LLC                   | Ergotron Acquisition LLC Term Loan                                  | CUSIP: 000000000<br>LEI: 254900PY6FBQF5J0BK76 | Long             | LON              | CORP              | US        |   4944290 | PA      | $4944289.68   | 1.93%             | 2028-07-06      | Floating      | 8.97%                 | No            |                  3 | On Loan: No      |
| Atlas US Finco Inc                         | Atlas US Finco Inc Term Loan                                        | CUSIP: 000000000<br>LEI: 254900D4YTKNIYZP2J52 | Long             | LON              | CORP              | US        |   4343020 | PA      | $4343020.04   | 1.70%             | 2029-12-09      | Floating      | 8.61%                 | No            |                  3 | On Loan: No      |
| Atlas US Finco Inc                         | Atlas US Finco Inc Revolver                                         | CUSIP: 000000000<br>LEI: 254900D4YTKNIYZP2J52 | Long             | LON              | CORP              | US        |    613000 | PA      | $613000.00    | 0.24%             | 2028-12-09      | Fixed         | 0.50%                 | No            |                  3 | On Loan: No      |
| PrimeFlight Acquisition LLC                | PrimeFlight Acquisition LLC Term Loan                               | CUSIP: 000000000<br>LEI: 254900E47G2BM3ZWLB53 | Long             | LON              | CORP              | US        |   3948503 | PA      | $3948502.52   | 1.54%             | 2029-05-01      | Floating      | 9.35%                 | No            |                  3 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust      | Wells Fargo Commercial Mortgage Trust 2015-C31                      | CUSIP: 94989WBB2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1216000 | PA      | $1096547.82   | 0.43%             | 2048-11-15      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust      | Wells Fargo Commercial Mortgage Trust 2016-C34                      | CUSIP: 95000DBK6<br>LEI: 549300FWFHJGIW2B2U59 | Long             | ABS-MBS          | CORP              | US        |   1800000 | PA      | $1682603.28   | 0.66%             | 2049-06-15      | Variable      | 5.06%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust      | Wells Fargo Commercial Mortgage Trust 2016-C33                      | CUSIP: 95000LAJ2<br>LEI: 549300JPCJUA5JJLRW54 | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $921657.00    | 0.36%             | 2059-03-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Saturn Purchaser Corp                      | Saturn Purchaser Corp Term Loan                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   4305760 | PA      | $4305760.40   | 1.68%             | 2030-07-22      | Floating      | 8.72%                 | No            |                  3 | On Loan: No      |
| PrimeFlight Acquisition LLC                | PrimeFlight Acquisition LLC 1st Amendment Additional Term Loan      | CUSIP: 000000000<br>LEI: 254900E47G2BM3ZWLB53 | Long             | LON              | CORP              | US        |   1000762 | PA      | $1000762.04   | 0.39%             | 2029-05-01      | Floating      | 9.17%                 | No            |                  3 | On Loan: No      |
| SKYWIRE ISSUER, LLC                        | SKYWIRE ISSUER, LLC                                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4500000 | PA      | $4208400.00   | 1.65%             | 2055-09-30      | Fixed         | 9.50%                 | No            |                  3 | On Loan: No      |
| Voya Euro CLO                              | Voya Euro CLO V DAC                                                 | CUSIP: 000000000<br>LEI: 549300IGE7MPYA8F0423 | Long             | ABS-CBDO         | CORP              | IE        |    500000 | PA      | $584919.95    | 0.23%             | 2035-04-15      | Floating      | 7.82%                 | No            |                  2 | On Loan: No      |
| Henley Funding Ltd.                        | Henley CLO VI DAC                                                   | CUSIP: 000000000<br>LEI: 635400YRMBLUNSYHHJ03 | Long             | ABS-CBDO         | CORP              | IE        |    500000 | PA      | $590115.51    | 0.23%             | 2034-06-10      | Floating      | 10.85%                | No            |                  2 | On Loan: No      |
| Craft Ltd                                  | Deutsche Bank AG/Craft 2025-2                                       | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | ABS-CBDO         | CORP              | DE        |   2300000 | PA      | $2334528.68   | 0.91%             | 2035-01-21      | Floating      | 11.21%                | No            |                  3 | On Loan: No      |
| Madison Park Euro Funding                  | Madison Park Euro Funding XV DAC                                    | CUSIP: 000000000<br>LEI: 635400THE8DBQ1GDIN16 | Long             | ABS-CBDO         | CORP              | IE        |    525000 | PA      | $607903.61    | 0.24%             | 2036-07-15      | Floating      | 10.28%                | No            |                  2 | On Loan: No      |
| Avoca CLO                                  | Avoca CLO XIV DAC                                                   | CUSIP: 000000000<br>LEI: 635400IIKEI9HL8LKL36 | Long             | ABS-CBDO         | CORP              | IE        |   1050000 | PA      | $1213586.08   | 0.47%             | 2039-07-15      | Floating      | 10.19%                | No            |                  2 | On Loan: No      |
| Armada Euro CLO                            | Armada Euro CLO I DAC                                               | CUSIP: 000000000<br>LEI: 635400WUTRTUUSBX3K89 | Long             | ABS-CBDO         | CORP              | IE        |   1600000 | PA      | $1888232.37   | 0.74%             | 2033-10-24      | Floating      | 10.82%                | No            |                  2 | On Loan: No      |
| Rockford Tower Europe CLO                  | Rockford Tower Europe CLO 2021-1 DAC                                | CUSIP: 000000000<br>LEI: 635400LBXBN24UFB2Z59 | Long             | ABS-CBDO         | CORP              | IE        |   1500000 | PA      | $1764712.62   | 0.69%             | 2034-04-20      | Floating      | 9.86%                 | No            |                  2 | On Loan: No      |
| Palmer Square European CLO                 | Palmer Square European CLO 2021-2 DAC                               | CUSIP: 000000000<br>LEI: 5493008YA044FHERJ655 | Long             | ABS-CBDO         | CORP              | IE        |   4000000 | PA      | $4624181.62   | 1.81%             | 2038-03-15      | Floating      | 10.33%                | No            |                  2 | On Loan: No      |
| Sculptor European CLO                      | Sculptor European CLO IX DAC                                        | CUSIP: 000000000<br>LEI: 635400O5E62FJLPODD51 | Long             | ABS-CBDO         | CORP              | IE        |    900000 | PA      | $1059576.41   | 0.41%             | 2034-10-10      | Floating      | 11.03%                | No            |                  2 | On Loan: No      |
| BBAM EUROPEAN CLO                          | BBAM European CLO I DAC                                             | CUSIP: 000000000<br>LEI: 549300TZ7R77T955CQ98 | Long             | ABS-CBDO         | CORP              | IE        |   1150000 | PA      | $1345844.32   | 0.53%             | 2034-07-22      | Floating      | 10.57%                | No            |                  2 | On Loan: No      |
| Euro Galaxy CLO BV                         | Euro-Galaxy V CLO DAC                                               | CUSIP: 000000000<br>LEI: 635400BJZBIZBMK5FC74 | Long             | ABS-CBDO         | CORP              | IE        |    350000 | PA      | $400821.88    | 0.16%             | 2034-02-15      | Floating      | 7.88%                 | No            |                  2 | On Loan: No      |
| Penta CLO S.A.                             | Penta Clo 18 DAC                                                    | CUSIP: 000000000<br>LEI: 635400FHVXQB2JC6GF48 | Long             | ABS-CBDO         | CORP              | IE        |    550000 | PA      | $647413.56    | 0.25%             | 2038-01-15      | Floating      | 10.38%                | No            |                  2 | On Loan: No      |
| Dryden Leveraged Loan CDO                  | Dryden 79 Euro CLO 2020 DAC                                         | CUSIP: 000000000<br>LEI: 635400STZQ1YGXYJLC53 | Long             | ABS-CBDO         | CORP              | IE        |    600000 | PA      | $695614.27    | 0.27%             | 2035-01-18      | Floating      | 8.47%                 | No            |                  2 | On Loan: No      |
| Arbour CLO                                 | Arbour CLO IX DAC                                                   | CUSIP: 000000000<br>LEI: 635400NYOY3GFEEKJA91 | Long             | ABS-CBDO         | CORP              | IE        |    700000 | PA      | $810854.85    | 0.32%             | 2034-04-15      | Floating      | 7.80%                 | No            |                  2 | On Loan: No      |
| Bbam European CLO                          | BBAM European CLO IV DAC                                            | CUSIP: 000000000<br>LEI: 549300ZWBQTHWS1NFG24 | Long             | ABS-CBDO         | CORP              | IE        |    950000 | PA      | $1102781.46   | 0.43%             | 2038-10-26      | Floating      | 10.23%                | No            |                  2 | On Loan: No      |
| OCP Euro CLO                               | OCP Euro 2017-1 DAC                                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | IE        |   2000000 | PA      | $2350399.98   | 0.92%             | 2038-07-15      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Palmer Square European CLO                 | Palmer Square European CLO 2024-1 DAC                               | CUSIP: 000000000<br>LEI: 254900BQYBO0YZH5G587 | Long             | ABS-CBDO         | CORP              | IE        |   1250000 | PA      | $1468999.99   | 0.57%             | 2039-01-15      | Floating      | 10.43%                | No            |                  2 | On Loan: No      |
| TVG Shelby Buyer Inc                       | TVG Shelby Buyer Inc 2024 Delayed Draw Term Loan                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2740389 | PA      | $2740389.04   | 1.07%             | 2028-03-27      | Floating      | 9.17%                 | No            |                  3 | On Loan: No      |
| TVG Shelby Buyer Inc                       | TVG Shelby Buyer Inc 2024 Term Loan                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1963070 | PA      | $1963070.36   | 0.77%             | 2028-03-27      | Floating      | 9.17%                 | No            |                  3 | On Loan: No      |
| AMI Buyer, Inc                             | AMI Buyer Inc Revolver                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    637000 | PA      | $637000.00    | 0.25%             | 2031-10-17      | Fixed         | 0.50%                 | No            |                  3 | On Loan: No      |
| AMI Buyer, Inc                             | AMI Buyer Inc Term Loan                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   4330278 | PA      | $4330277.50   | 1.69%             | 2031-10-17      | Floating      | 8.90%                 | No            |                  3 | On Loan: No      |
| EASY ICE LLC                               | Easy Ice LLC 2024 Term Loan                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3619377 | PA      | $3619377.32   | 1.42%             | 2030-10-30      | Floating      | 9.24%                 | No            |                  3 | On Loan: No      |
| EASY ICE LLC                               | Easy Ice LLC 2024 Delayed Draw Term Loan                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    894520 | PA      | $894519.63    | 0.35%             | 2030-10-30      | Floating      | 9.24%                 | No            |                  3 | On Loan: No      |
| EASY ICE LLC                               | Easy Ice LLC 2024 Revolver                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    448000 | PA      | $448000.00    | 0.18%             | 2030-10-30      | Floating      | 9.24%                 | No            |                  3 | On Loan: No      |
| Saturn Purchaser Corp                      | Saturn Purchaser Corp Revolver                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    595000 | PA      | $595000.00    | 0.23%             | 2030-07-22      | Fixed         | 0.50%                 | No            |                  3 | On Loan: No      |
| Acuity Eyecare Holdings LLC                | Acuity Eyecare Holdings LLC 17th Amendment Delayed Draw Term Loan B | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2050420 | PA      | $2050420.38   | 0.80%             | 2027-03-27      | Floating      | 9.74%                 | No            |                  3 | On Loan: No      |
| Acuity Eyecare Holdings LLC                | Acuity Eyecare Holdings LLC 17th Amendment Delayed Draw Term Loan A | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2048274 | PA      | $2048273.64   | 0.80%             | 2027-03-27      | Floating      | 9.74%                 | No            |                  3 | On Loan: No      |
| Acuity Eyecare Holdings LLC                | Acuity Eyecare Holdings LLC 17th Amendment Term Loan                | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    402910 | PA      | $402909.56    | 0.16%             | 2027-03-27      | Floating      | 9.57%                 | No            |                  3 | On Loan: No      |
| Govineer Solutions LLC                     | Govineer Solutions LLC Revolver                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    650000 | PA      | $650000.00    | 0.25%             | 2030-10-07      | Fixed         | 0.50%                 | No            |                  3 | On Loan: No      |
| Govineer Solutions LLC                     | Govineer Solutions LLC Delayed Draw Term Loan                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    975000 | PA      | $975000.00    | 0.38%             | 2030-10-07      | Fixed         | 1.00%                 | No            |                  3 | On Loan: No      |
| Govineer Solutions LLC                     | Govineer Solutions LLC Term Loan                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3366562 | PA      | $3366562.50   | 1.32%             | 2030-10-07      | Floating      | 8.67%                 | No            |                  3 | On Loan: No      |
| Crow River Buyer Inc                       | Crow River Buyer Inc Term Loan B                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3981000 | PA      | $3981000.00   | 1.56%             | 2029-01-31      | Floating      | 9.84%                 | No            |                  3 | On Loan: No      |
| Crow River Buyer Inc                       | Crow River Buyer Inc Revolver                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1019000 | PA      | $1019000.00   | 0.40%             | 2029-01-31      | Fixed         | 0.50%                 | No            |                  3 | On Loan: No      |
| TVG Shelby Buyer Inc                       | TVG Shelby Buyer Inc Revolver                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    274000 | PA      | $274000.00    | 0.11%             | 2028-03-27      | Fixed         | 0.50%                 | No            |                  3 | On Loan: No      |
| Acuity Eyecare Holdings LLC                | Acuity Eyecare Holdings LLC 2024 Delayed Draw Term Loan             | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    452083 | PA      | $452082.52    | 0.18%             | 2027-03-27      | Floating      | 9.74%                 | No            |                  3 | On Loan: No      |
| DTIQ Technologies Inc                      | DTIQ Technologies Inc Term Loan                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3649048 | PA      | $3594311.89   | 1.41%             | 2029-09-30      | Floating      | 11.22%                | No            |                  3 | On Loan: No      |
| DTIQ Technologies Inc                      | DTIQ Technologies Inc Delayed Draw Term Loan                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    751000 | PA      | $739735.00    | 0.29%             | 2029-09-30      | Fixed         | 1.00%                 | No            |                  3 | On Loan: No      |
| DTIQ Technologies Inc                      | DTIQ Technologies Inc Revolver                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    563000 | PA      | $554555.00    | 0.22%             | 2029-09-30      | Floating      | 11.32%                | No            |                  3 | On Loan: No      |
| Allo Holdco Borrower LLC                   | Allo Holdco Borrower LLC Fixed PIK Term Loan                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   5131702 | PA      | $5054726.20   | 1.98%             | 2032-04-16      | Fixed         | 15.50%                | No            |                  3 | On Loan: No      |
| Substantial Holdco Limited                 | Substantial Holdco Limited GBP Accordion Facility                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | GB        |   2828000 | PA      | $3812004.04   | 1.49%             | 2030-04-20      | Fixed         | 12.00%                | No            |                  3 | On Loan: No      |
| Vatica Health Inc                          | Vatica Health Inc Term Loan                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   4667940 | PA      | $4621260.60   | 1.81%             | 2032-10-29      | Floating      | 10.75%                | No            |                  3 | On Loan: No      |
| Vatica Health Inc                          | Vatica Health Inc Revolver                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    467841 | PA      | $463162.59    | 0.18%             | 2032-10-29      | Fixed         | 0.50%                 | No            |                  3 | On Loan: No      |
| LINDSTROM LLC                              | LINDSTROM LLC 2025 REVOLVER                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    612509 | PA      | $603321.36    | 0.24%             | 2032-12-30      | Floating      | 9.20%                 | No            |                  3 | On Loan: No      |
| LINDSTROM LLC                              | LINDSTROM LLC 2025 TERM LOAN                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3994902 | PA      | $3934978.58   | 1.54%             | 2032-12-30      | Floating      | 9.20%                 | No            |                  3 | On Loan: No      |

### Signature

**Date Signed:** 2026-01-21

**Name of Applicant:** Lincoln Bain Capital Total Credit Fund

**Signature:** James Hoffmayer

**Name of Signer:** James Hoffmayer

**Title:** VP