# EDGAR Filing Document

**Accession Number:** 0001462586
**File Stem:** 0000940400-26-014707
**Filing Date:** 2026-4
**Character Count:** 331888
**Document Hash:** 277ef89ed671b25e6a1c97fd15a09be1
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-014707.hdr.sgml**: 20260424

**ACCESSION NUMBER**: 0000940400-26-014707

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260227

**FILED AS OF DATE**: 20260424

**DATE AS OF CHANGE**: 20260424

**PERIOD START**: 20261130

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Western Asset Investment Grade Opportunity Trust Inc.
- **CENTRAL INDEX KEY:** 0001462586

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1130

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22294
- **FILM NUMBER:** 26892848

**BUSINESS ADDRESS:**
- **STREET 1:** 620 EIGHTH AVENUE
- **STREET 2:** 47TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10018
- **BUSINESS PHONE:** 888-777-0102

**MAIL ADDRESS:**
- **STREET 1:** 620 EIGHTH AVENUE
- **STREET 2:** 47TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10018

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Western Asset Investment Grade Defined Opportunity Trust Inc.
- **DATE OF NAME CHANGE:** 20090423

## Nport-Ex

Schedule of Investments (unaudited)

February 28, 2026

***If you need assistance accessing this content, please reach out to your sales representative or send an email to*** <u>accessibility@franklintempleton.com.</u>

 **Western Asset Investment Grade Opportunity Trust Inc.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>(Percentages shown based on Fund net assets)

---

| | | | | |
|:---|:---|:---|:---|:---|
| Security | Rate | Maturity <br>Date<br>| Face <br>Amount†<br>| Value |
| **Corporate Bonds & Notes — 94.2%** | **Corporate Bonds & Notes — 94.2%** | **Corporate Bonds & Notes — 94.2%** | **Corporate Bonds & Notes — 94.2%** | **Corporate Bonds & Notes — 94.2%** |
| **Communication Services — 10.3%** | **Communication Services — 10.3%** | **Communication Services — 10.3%** | **Communication Services — 10.3%** | **Communication Services — 10.3%** |
| *Diversified Telecommunication Services — 2.7%* | *Diversified Telecommunication Services — 2.7%* | *Diversified Telecommunication Services — 2.7%* | *Diversified Telecommunication Services — 2.7%* | *Diversified Telecommunication Services — 2.7%* |
| &nbsp;&nbsp;&nbsp; AT&T Inc., Senior Notes | &nbsp;&nbsp; 5.375% | &nbsp;&nbsp; 8/15/35 | &nbsp;&nbsp; 550000<br>| &nbsp;&nbsp;&nbsp; $571487<br>|
| &nbsp;&nbsp;&nbsp; AT&T Inc., Senior Notes | &nbsp;&nbsp; 4.800% | &nbsp;&nbsp; 6/15/44 | &nbsp;&nbsp; 170000<br>| &nbsp;&nbsp;&nbsp; 152631<br>|
| &nbsp;&nbsp;&nbsp; AT&T Inc., Senior Notes | &nbsp;&nbsp; 3.550% | &nbsp;&nbsp; 9/15/55 | &nbsp;&nbsp; 380000<br>| &nbsp;&nbsp;&nbsp; 257557<br>|
| &nbsp;&nbsp;&nbsp; AT&T Inc., Senior Notes | &nbsp;&nbsp; 6.050% | &nbsp;&nbsp; 8/15/56 | &nbsp;&nbsp; 50000<br>| &nbsp;&nbsp;&nbsp; 50932<br>|
| &nbsp;&nbsp;&nbsp; British Telecommunications PLC, Senior Notes | &nbsp;&nbsp; 9.625% | &nbsp;&nbsp; 12/15/30 | &nbsp;&nbsp; 910000<br>| &nbsp;&nbsp;&nbsp; 1113550<br>|
| &nbsp;&nbsp;&nbsp; Verizon Communications Inc., Senior Notes | &nbsp;&nbsp; 5.500% | &nbsp;&nbsp; 3/16/47 | &nbsp;&nbsp; 680000<br>| &nbsp;&nbsp;&nbsp; 672760<br>|
| *Total Diversified Telecommunication Services* | *Total Diversified Telecommunication Services* | *Total Diversified Telecommunication Services* | *Total Diversified Telecommunication Services* | &nbsp;&nbsp; *2818917* |
| *Entertainment — 0.5%* | *Entertainment — 0.5%* | *Entertainment — 0.5%* | *Entertainment — 0.5%* | *Entertainment — 0.5%* |
| &nbsp;&nbsp;&nbsp; Discovery Global Holdings Inc., Senior Notes | &nbsp;&nbsp; 5.141% | &nbsp;&nbsp; 3/15/52 | &nbsp;&nbsp; 98000<br>| &nbsp;&nbsp;&nbsp; 64435<br>|
| &nbsp;&nbsp;&nbsp; Flutter Treasury DAC, Senior Secured Notes | &nbsp;&nbsp; 5.875% | &nbsp;&nbsp; 6/4/31 | &nbsp;&nbsp; 200000<br>| &nbsp;&nbsp;&nbsp; 199556<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Walt Disney Co., Senior Notes | &nbsp;&nbsp; 4.625% | &nbsp;&nbsp; 3/14/36 | &nbsp;&nbsp; 250000<br>| &nbsp;&nbsp;&nbsp; 249372<br>|
| *Total Entertainment* | *Total Entertainment* | *Total Entertainment* | *Total Entertainment* | &nbsp;&nbsp; *513363* |
| *Interactive Media & Services — 2.0%* | *Interactive Media & Services — 2.0%* | *Interactive Media & Services — 2.0%* | *Interactive Media & Services — 2.0%* | *Interactive Media & Services — 2.0%* |
| &nbsp;&nbsp;&nbsp; Alphabet Inc., Senior Notes | &nbsp;&nbsp; 4.100% | &nbsp;&nbsp; 2/15/31 | &nbsp;&nbsp; 40000<br>| &nbsp;&nbsp;&nbsp; 40272<br>|
| &nbsp;&nbsp;&nbsp; Alphabet Inc., Senior Notes | &nbsp;&nbsp; 4.400% | &nbsp;&nbsp; 2/15/33 | &nbsp;&nbsp; 90000<br>| &nbsp;&nbsp;&nbsp; 90820<br>|
| &nbsp;&nbsp;&nbsp; Alphabet Inc., Senior Notes | &nbsp;&nbsp; 4.800% | &nbsp;&nbsp; 2/15/36 | &nbsp;&nbsp; 110000<br>| &nbsp;&nbsp;&nbsp; 111850<br>|
| &nbsp;&nbsp;&nbsp; Alphabet Inc., Senior Notes | &nbsp;&nbsp; 5.350% | &nbsp;&nbsp; 11/15/45 | &nbsp;&nbsp; 80000<br>| &nbsp;&nbsp;&nbsp; 80395<br>|
| &nbsp;&nbsp;&nbsp; Alphabet Inc., Senior Notes | &nbsp;&nbsp; 5.500% | &nbsp;&nbsp; 2/15/46 | &nbsp;&nbsp; 110000<br>| &nbsp;&nbsp;&nbsp; 112080<br>|
| &nbsp;&nbsp;&nbsp; Alphabet Inc., Senior Notes | &nbsp;&nbsp; 5.250% | &nbsp;&nbsp; 5/15/55 | &nbsp;&nbsp; 220000<br>| &nbsp;&nbsp;&nbsp; 214299<br>|
| &nbsp;&nbsp;&nbsp; Alphabet Inc., Senior Notes | &nbsp;&nbsp; 5.450% | &nbsp;&nbsp; 11/15/55 | &nbsp;&nbsp; 80000<br>| &nbsp;&nbsp;&nbsp; 79577<br>|
| &nbsp;&nbsp;&nbsp; Alphabet Inc., Senior Notes | &nbsp;&nbsp; 5.750% | &nbsp;&nbsp; 2/15/66 | &nbsp;&nbsp; 100000<br>| &nbsp;&nbsp;&nbsp; 101916<br>|
| &nbsp;&nbsp;&nbsp; Meta Platforms Inc., Senior Notes | &nbsp;&nbsp; 4.600% | &nbsp;&nbsp; 11/15/32 | &nbsp;&nbsp; 130000<br>| &nbsp;&nbsp;&nbsp; 132217<br>|
| &nbsp;&nbsp;&nbsp; Meta Platforms Inc., Senior Notes | &nbsp;&nbsp; 4.875% | &nbsp;&nbsp; 11/15/35 | &nbsp;&nbsp; 110000<br>| &nbsp;&nbsp;&nbsp; 111137<br>|
| &nbsp;&nbsp;&nbsp; Meta Platforms Inc., Senior Notes | &nbsp;&nbsp; 5.500% | &nbsp;&nbsp; 11/15/45 | &nbsp;&nbsp; 160000<br>| &nbsp;&nbsp;&nbsp; 158168<br>|
| &nbsp;&nbsp;&nbsp; Meta Platforms Inc., Senior Notes | &nbsp;&nbsp; 5.400% | &nbsp;&nbsp; 8/15/54 | &nbsp;&nbsp; 510000<br>| &nbsp;&nbsp;&nbsp; 481894<br>|
| &nbsp;&nbsp;&nbsp; Meta Platforms Inc., Senior Notes | &nbsp;&nbsp; 5.625% | &nbsp;&nbsp; 11/15/55 | &nbsp;&nbsp; 140000<br>| &nbsp;&nbsp;&nbsp; 137144<br>|
| &nbsp;&nbsp;&nbsp; Meta Platforms Inc., Senior Notes | &nbsp;&nbsp; 5.750% | &nbsp;&nbsp; 11/15/65 | &nbsp;&nbsp; 280000<br>| &nbsp;&nbsp;&nbsp; 272983<br>|
| *Total Interactive Media & Services* | *Total Interactive Media & Services* | *Total Interactive Media & Services* | *Total Interactive Media & Services* | &nbsp;&nbsp; *2124752* |
| *Media — 4.6%* | *Media — 4.6%* | *Media — 4.6%* | *Media — 4.6%* | *Media — 4.6%* |
| &nbsp;&nbsp;&nbsp; CCO Holdings LLC/CCO Holdings Capital Corp., Senior Notes | &nbsp;&nbsp; 4.500% | &nbsp;&nbsp; 5/1/32 | &nbsp;&nbsp; 540000<br>| &nbsp;&nbsp;&nbsp; 494556<br>|
| &nbsp;&nbsp;&nbsp; Charter Communications Operating LLC/Charter Communications Operating <br> Capital Corp., Senior Secured Notes | &nbsp;&nbsp; 6.384% | &nbsp;&nbsp; 10/23/35 | &nbsp;&nbsp; 180000<br>| &nbsp;&nbsp;&nbsp; 188119<br>|
| &nbsp;&nbsp;&nbsp; Charter Communications Operating LLC/Charter Communications Operating <br> Capital Corp., Senior Secured Notes | &nbsp;&nbsp; 5.850% | &nbsp;&nbsp; 12/1/35 | &nbsp;&nbsp; 80000<br>| &nbsp;&nbsp;&nbsp; 80548<br>|
| &nbsp;&nbsp;&nbsp; Charter Communications Operating LLC/Charter Communications Operating <br> Capital Corp., Senior Secured Notes | &nbsp;&nbsp; 6.484% | &nbsp;&nbsp; 10/23/45 | &nbsp;&nbsp; 420000<br>| &nbsp;&nbsp;&nbsp; 399084<br>|
| &nbsp;&nbsp;&nbsp; Charter Communications Operating LLC/Charter Communications Operating <br> Capital Corp., Senior Secured Notes | &nbsp;&nbsp; 5.375% | &nbsp;&nbsp; 5/1/47 | &nbsp;&nbsp; 260000<br>| &nbsp;&nbsp;&nbsp; 216940<br>|
| &nbsp;&nbsp;&nbsp; Charter Communications Operating LLC/Charter Communications Operating <br> Capital Corp., Senior Secured Notes | &nbsp;&nbsp; 5.750% | &nbsp;&nbsp; 4/1/48 | &nbsp;&nbsp; 110000<br>| &nbsp;&nbsp;&nbsp; 95889<br>|
| &nbsp;&nbsp;&nbsp; Charter Communications Operating LLC/Charter Communications Operating <br> Capital Corp., Senior Secured Notes | &nbsp;&nbsp; 3.900% | &nbsp;&nbsp; 6/1/52 | &nbsp;&nbsp; 100000<br>| &nbsp;&nbsp;&nbsp; 65867<br>|
| &nbsp;&nbsp;&nbsp; Comcast Corp., Senior Notes | &nbsp;&nbsp; 6.400% | &nbsp;&nbsp; 5/15/38 | &nbsp;&nbsp; 1470000<br>| &nbsp;&nbsp;&nbsp; 1627144<br>|
| &nbsp;&nbsp;&nbsp; DISH DBS Corp., Senior Secured Notes | &nbsp;&nbsp; 5.750% | &nbsp;&nbsp; 12/1/28 | &nbsp;&nbsp; 250000<br>| &nbsp;&nbsp;&nbsp; 242668<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Fox Corp., Senior Notes | &nbsp;&nbsp; 5.476% | &nbsp;&nbsp; 1/25/39 | &nbsp;&nbsp; 480000<br>| &nbsp;&nbsp;&nbsp; 477585<br>|

---

See Notes to Schedule of Investments.

------

Western Asset Investment Grade Opportunity Trust Inc. 2026 Quarterly Report

------

Schedule of Investments (unaudited) (cont'd)

February 28, 2026

 **Western Asset Investment Grade Opportunity Trust Inc.**

(Percentages shown based on Fund net assets)

---

| | | | | |
|:---|:---|:---|:---|:---|
| Security | Rate | Maturity<br> Date<br>| Face<br> Amount†<br>| Value |
| *Media — continued* | *Media — continued* | *Media — continued* | *Media — continued* | *Media — continued* |
| &nbsp;&nbsp;&nbsp; Paramount Global, Senior Notes | &nbsp;&nbsp; 7.875% | &nbsp;&nbsp; 7/30/30 | &nbsp;&nbsp; 230000<br>| &nbsp;&nbsp;&nbsp; $242379<br>|
| &nbsp;&nbsp;&nbsp; Paramount Global, Senior Notes | &nbsp;&nbsp; 5.250% | &nbsp;&nbsp; 4/1/44 | &nbsp;&nbsp; 80000<br>| &nbsp;&nbsp;&nbsp; 53548<br>|
| &nbsp;&nbsp;&nbsp; Time Warner Cable Enterprises LLC, Senior Secured Notes | &nbsp;&nbsp; 8.375% | &nbsp;&nbsp; 7/15/33 | &nbsp;&nbsp; 220000<br>| &nbsp;&nbsp;&nbsp; 257354<br>|
| &nbsp;&nbsp;&nbsp; Time Warner Cable LLC, Senior Secured Notes | &nbsp;&nbsp; 6.550% | &nbsp;&nbsp; 5/1/37 | &nbsp;&nbsp; 370000<br>| &nbsp;&nbsp;&nbsp; 381368<br>|
| &nbsp;&nbsp;&nbsp; Time Warner Cable LLC, Senior Secured Notes | &nbsp;&nbsp; 6.750% | &nbsp;&nbsp; 6/15/39 | &nbsp;&nbsp; 20000<br>| &nbsp;&nbsp;&nbsp; 20498<br>|
| &nbsp;&nbsp;&nbsp; Versant Media Group Inc., Senior Secured Notes | &nbsp;&nbsp; 7.250% | &nbsp;&nbsp; 1/30/31 | &nbsp;&nbsp; 60000<br>| &nbsp;&nbsp;&nbsp; 61442<br> <sup>(a)</sup><br>|
| *Total Media* | *Total Media* | *Total Media* | *Total Media* | &nbsp;&nbsp; *4904989* |
| *Wireless Telecommunication Services — 0.5%* | *Wireless Telecommunication Services — 0.5%* | *Wireless Telecommunication Services — 0.5%* | *Wireless Telecommunication Services — 0.5%* | *Wireless Telecommunication Services — 0.5%* |
| &nbsp;&nbsp;&nbsp; T-Mobile USA Inc., Senior Notes | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 2/15/36 | &nbsp;&nbsp; 130000<br>| &nbsp;&nbsp;&nbsp; 130885<br>|
| &nbsp;&nbsp;&nbsp; T-Mobile USA Inc., Senior Notes | &nbsp;&nbsp; 5.875% | &nbsp;&nbsp; 11/15/55 | &nbsp;&nbsp; 180000<br>| &nbsp;&nbsp;&nbsp; 181944<br>|
| &nbsp;&nbsp;&nbsp; T-Mobile USA Inc., Senior Notes | &nbsp;&nbsp; 5.850% | &nbsp;&nbsp; 2/15/56 | &nbsp;&nbsp; 200000<br>| &nbsp;&nbsp;&nbsp; 200953<br>|
| *Total Wireless Telecommunication Services* | *Total Wireless Telecommunication Services* | *Total Wireless Telecommunication Services* | *Total Wireless Telecommunication Services* | &nbsp;&nbsp; *513782* |
| **Total Communication Services** | **Total Communication Services** | **Total Communication Services** | **Total Communication Services** | &nbsp;&nbsp; **10875803** |
| **Consumer Discretionary — 5.9%** | **Consumer Discretionary — 5.9%** | **Consumer Discretionary — 5.9%** | **Consumer Discretionary — 5.9%** | **Consumer Discretionary — 5.9%** |
| *Automobile Components — 0.3%* | *Automobile Components — 0.3%* | *Automobile Components — 0.3%* | *Automobile Components — 0.3%* | *Automobile Components — 0.3%* |
| &nbsp;&nbsp;&nbsp; ZF North America Capital Inc., Senior Notes | &nbsp;&nbsp; 6.750% | &nbsp;&nbsp; 4/23/30 | &nbsp;&nbsp; 210000<br>| &nbsp;&nbsp;&nbsp; 212274<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; ZF North America Capital Inc., Senior Notes | &nbsp;&nbsp; 7.500% | &nbsp;&nbsp; 3/24/31 | &nbsp;&nbsp; 150000<br>| &nbsp;&nbsp;&nbsp; 154680<br> <sup>(a)</sup><br>|
| *Total Automobile Components* | *Total Automobile Components* | *Total Automobile Components* | *Total Automobile Components* | &nbsp;&nbsp; *366954* |
| *Automobiles — 1.4%* | *Automobiles — 1.4%* | *Automobiles — 1.4%* | *Automobiles — 1.4%* | *Automobiles — 1.4%* |
| &nbsp;&nbsp;&nbsp; General Motors Co., Senior Notes | &nbsp;&nbsp; 6.600% | &nbsp;&nbsp; 4/1/36 | &nbsp;&nbsp; 170000<br>| &nbsp;&nbsp;&nbsp; 186624<br>|
| &nbsp;&nbsp;&nbsp; General Motors Co., Senior Notes | &nbsp;&nbsp; 6.750% | &nbsp;&nbsp; 4/1/46 | &nbsp;&nbsp; 340000<br>| &nbsp;&nbsp;&nbsp; 367953<br>|
| &nbsp;&nbsp;&nbsp; Hyundai Capital America, Senior Notes | &nbsp;&nbsp; 5.250% | &nbsp;&nbsp; 1/8/27 | &nbsp;&nbsp; 300000<br>| &nbsp;&nbsp;&nbsp; 303291<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Volkswagen Group of America Finance LLC, Senior Notes | &nbsp;&nbsp; 5.250% | &nbsp;&nbsp; 3/22/29 | &nbsp;&nbsp; 560000<br>| &nbsp;&nbsp;&nbsp; 575221<br> <sup>(a)</sup><br>|
| *Total Automobiles* | *Total Automobiles* | *Total Automobiles* | *Total Automobiles* | &nbsp;&nbsp; *1433089* |
| *Broadline Retail — 0.4%* | *Broadline Retail — 0.4%* | *Broadline Retail — 0.4%* | *Broadline Retail — 0.4%* | *Broadline Retail — 0.4%* |
| &nbsp;&nbsp;&nbsp; Amazon.com Inc., Senior Notes | &nbsp;&nbsp; 4.250% | &nbsp;&nbsp; 8/22/57 | &nbsp;&nbsp; 280000<br>| &nbsp;&nbsp;&nbsp; 226003<br>|
| &nbsp;&nbsp;&nbsp; Amazon.com Inc., Senior Notes | &nbsp;&nbsp; 5.550% | &nbsp;&nbsp; 11/20/65 | &nbsp;&nbsp; 230000<br>| &nbsp;&nbsp;&nbsp; 225394<br>|
| *Total Broadline Retail* | *Total Broadline Retail* | *Total Broadline Retail* | *Total Broadline Retail* | &nbsp;&nbsp; *451397* |
| *Hotels, Restaurants & Leisure — 2.9%* | *Hotels, Restaurants & Leisure — 2.9%* | *Hotels, Restaurants & Leisure — 2.9%* | *Hotels, Restaurants & Leisure — 2.9%* | *Hotels, Restaurants & Leisure — 2.9%* |
| &nbsp;&nbsp;&nbsp; Brightstar Lottery PLC, Senior Secured Notes | &nbsp;&nbsp; 5.250% | &nbsp;&nbsp; 1/15/29 | &nbsp;&nbsp; 410000<br>| &nbsp;&nbsp;&nbsp; 408508<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Carnival Corp., Senior Notes | &nbsp;&nbsp; 5.750% | &nbsp;&nbsp; 3/15/30 | &nbsp;&nbsp; 420000<br>| &nbsp;&nbsp;&nbsp; 434674<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Carnival Corp., Senior Secured Notes | &nbsp;&nbsp; 7.875% | &nbsp;&nbsp; 6/1/27 | &nbsp;&nbsp; 130000<br>| &nbsp;&nbsp;&nbsp; 135734<br>|
| &nbsp;&nbsp;&nbsp; Full House Resorts Inc., Senior Secured Notes | &nbsp;&nbsp; 8.250% | &nbsp;&nbsp; 2/15/28 | &nbsp;&nbsp; 440000<br>| &nbsp;&nbsp;&nbsp; 382800<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; GLP Capital LP/GLP Financing II Inc., Senior Notes | &nbsp;&nbsp; 5.625% | &nbsp;&nbsp; 3/1/36 | &nbsp;&nbsp; 360000<br>| &nbsp;&nbsp;&nbsp; 360342<br> <sup>(b)</sup><br>|
| &nbsp;&nbsp;&nbsp; Melco Resorts Finance Ltd., Senior Notes | &nbsp;&nbsp; 7.625% | &nbsp;&nbsp; 4/17/32 | &nbsp;&nbsp; 280000<br>| &nbsp;&nbsp;&nbsp; 293651<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Melco Resorts Finance Ltd., Senior Notes | &nbsp;&nbsp; 6.500% | &nbsp;&nbsp; 9/24/33 | &nbsp;&nbsp; 200000<br>| &nbsp;&nbsp;&nbsp; 199660<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Royal Caribbean Cruises Ltd., Senior Notes | &nbsp;&nbsp; 3.700% | &nbsp;&nbsp; 3/15/28 | &nbsp;&nbsp; 630000<br>| &nbsp;&nbsp;&nbsp; 626456<br>|
| &nbsp;&nbsp;&nbsp; Royal Caribbean Cruises Ltd., Senior Notes | &nbsp;&nbsp; 4.750% | &nbsp;&nbsp; 5/15/33 | &nbsp;&nbsp; 100000<br>| &nbsp;&nbsp;&nbsp; 100721<br>|
| &nbsp;&nbsp;&nbsp; Royal Caribbean Cruises Ltd., Senior Notes | &nbsp;&nbsp; 5.375% | &nbsp;&nbsp; 1/15/36 | &nbsp;&nbsp; 100000<br>| &nbsp;&nbsp;&nbsp; 102187<br>|
| &nbsp;&nbsp;&nbsp; Royal Caribbean Cruises Ltd., Senior Notes | &nbsp;&nbsp; 5.250% | &nbsp;&nbsp; 2/27/38 | &nbsp;&nbsp; 50000<br>| &nbsp;&nbsp;&nbsp; 50100<br>|
| *Total Hotels, Restaurants & Leisure* | *Total Hotels, Restaurants & Leisure* | *Total Hotels, Restaurants & Leisure* | *Total Hotels, Restaurants & Leisure* | &nbsp;&nbsp; *3094833* |
| *Household Durables — 0.5%* | *Household Durables — 0.5%* | *Household Durables — 0.5%* | *Household Durables — 0.5%* | *Household Durables — 0.5%* |
| &nbsp;&nbsp;&nbsp; PulteGroup Inc., Senior Notes | &nbsp;&nbsp; 4.900% | &nbsp;&nbsp; 3/1/36 | &nbsp;&nbsp; 70000<br>| &nbsp;&nbsp;&nbsp; 70102<br>|
| &nbsp;&nbsp;&nbsp; Sekisui House US Inc., Senior Notes | &nbsp;&nbsp; 6.000% | &nbsp;&nbsp; 1/15/43 | &nbsp;&nbsp; 310000<br>| &nbsp;&nbsp;&nbsp; 296225<br>|
| &nbsp;&nbsp;&nbsp; TopBuild Corp., Senior Notes | &nbsp;&nbsp; 5.625% | &nbsp;&nbsp; 1/31/34 | &nbsp;&nbsp; 160000<br>| &nbsp;&nbsp;&nbsp; 161472<br> <sup>(a)</sup><br>|
| *Total Household Durables* | *Total Household Durables* | *Total Household Durables* | *Total Household Durables* | &nbsp;&nbsp; *527799* |

---

See Notes to Schedule of Investments.

------

Western Asset Investment Grade Opportunity Trust Inc. 2026 Quarterly Report

------

 **Western Asset Investment Grade Opportunity Trust Inc.**

(Percentages shown based on Fund net assets)

---

| | | | | |
|:---|:---|:---|:---|:---|
| Security | Rate | Maturity<br> Date<br>| Face<br> Amount†<br>| Value |
| *Specialty Retail — 0.4%* | *Specialty Retail — 0.4%* | *Specialty Retail — 0.4%* | *Specialty Retail — 0.4%* | *Specialty Retail — 0.4%* |
| &nbsp;&nbsp;&nbsp; Michaels Cos. Inc., Secured Notes | &nbsp;&nbsp; 11.000% | &nbsp;&nbsp; 3/15/34 | &nbsp;&nbsp; 170000<br>| &nbsp;&nbsp;&nbsp; $159044<br> <sup>(a)(b)</sup><br>|
| &nbsp;&nbsp;&nbsp; Michaels Cos. Inc., Senior Secured Notes | &nbsp;&nbsp; 8.500% | &nbsp;&nbsp; 3/15/33 | &nbsp;&nbsp; 210000<br>| &nbsp;&nbsp;&nbsp; 204455<br> <sup>(a)(b)</sup><br>|
| &nbsp;&nbsp;&nbsp; Petco Health & Wellness Co. Inc., Senior Secured Notes | &nbsp;&nbsp; 8.250% | &nbsp;&nbsp; 2/1/31 | &nbsp;&nbsp; 50000<br>| &nbsp;&nbsp;&nbsp; 48866<br> <sup>(a)</sup><br>|
| *Total Specialty Retail* | *Total Specialty Retail* | *Total Specialty Retail* | *Total Specialty Retail* | &nbsp;&nbsp; *412365* |
| **Total Consumer Discretionary** | **Total Consumer Discretionary** | **Total Consumer Discretionary** | **Total Consumer Discretionary** | &nbsp;&nbsp; **6286437** |
| **Consumer Staples — 3.1%** | **Consumer Staples — 3.1%** | **Consumer Staples — 3.1%** | **Consumer Staples — 3.1%** | **Consumer Staples — 3.1%** |
| *Consumer Staples Distribution & Retail — 0.2%* | *Consumer Staples Distribution & Retail — 0.2%* | *Consumer Staples Distribution & Retail — 0.2%* | *Consumer Staples Distribution & Retail — 0.2%* | *Consumer Staples Distribution & Retail — 0.2%* |
| &nbsp;&nbsp;&nbsp; Kroger Co., Senior Notes | &nbsp;&nbsp; 5.500% | &nbsp;&nbsp; 9/15/54 | &nbsp;&nbsp; 190000<br>| &nbsp;&nbsp;&nbsp; *183803*<br>|
| *Food Products — 0.9%* | *Food Products — 0.9%* | *Food Products — 0.9%* | *Food Products — 0.9%* | *Food Products — 0.9%* |
| &nbsp;&nbsp;&nbsp; J M Smucker Co., Senior Notes | &nbsp;&nbsp; 6.200% | &nbsp;&nbsp; 11/15/33 | &nbsp;&nbsp; 210000<br>| &nbsp;&nbsp;&nbsp; 230509<br>|
| &nbsp;&nbsp;&nbsp; JBS NV/JBS USA Foods Group Holdings Inc./JBS USA Food Co. Holdings, <br> Senior Notes | &nbsp;&nbsp; 5.950% | &nbsp;&nbsp; 4/20/35 | &nbsp;&nbsp; 260000<br>| &nbsp;&nbsp;&nbsp; 275931<br>|
| &nbsp;&nbsp;&nbsp; JBS NV/JBS USA Foods Group Holdings Inc./JBS USA Food Co. Holdings, <br> Senior Notes | &nbsp;&nbsp; 6.375% | &nbsp;&nbsp; 2/25/55 | &nbsp;&nbsp; 110000<br>| &nbsp;&nbsp;&nbsp; 114091<br>|
| &nbsp;&nbsp;&nbsp; Kraft Heinz Foods Co., Senior Notes | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 6/4/42 | &nbsp;&nbsp; 90000<br>| &nbsp;&nbsp;&nbsp; 82608<br>|
| &nbsp;&nbsp;&nbsp; Mars Inc., Senior Notes | &nbsp;&nbsp; 5.200% | &nbsp;&nbsp; 3/1/35 | &nbsp;&nbsp; 70000<br>| &nbsp;&nbsp;&nbsp; 72508<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Mars Inc., Senior Notes | &nbsp;&nbsp; 5.650% | &nbsp;&nbsp; 5/1/45 | &nbsp;&nbsp; 150000<br>| &nbsp;&nbsp;&nbsp; 153596<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Mars Inc., Senior Notes | &nbsp;&nbsp; 5.700% | &nbsp;&nbsp; 5/1/55 | &nbsp;&nbsp; 60000<br>| &nbsp;&nbsp;&nbsp; 60886<br> <sup>(a)</sup><br>|
| *Total Food Products* | *Total Food Products* | *Total Food Products* | *Total Food Products* | &nbsp;&nbsp; *990129* |
| *Tobacco — 2.0%* | *Tobacco — 2.0%* | *Tobacco — 2.0%* | *Tobacco — 2.0%* | *Tobacco — 2.0%* |
| &nbsp;&nbsp;&nbsp; Altria Group Inc., Senior Notes | &nbsp;&nbsp; 3.875% | &nbsp;&nbsp; 9/16/46 | &nbsp;&nbsp; 320000<br>| &nbsp;&nbsp;&nbsp; 246565<br>|
| &nbsp;&nbsp;&nbsp; BAT Capital Corp., Senior Notes | &nbsp;&nbsp; 6.250% | &nbsp;&nbsp; 8/15/55 | &nbsp;&nbsp; 100000<br>| &nbsp;&nbsp;&nbsp; 104453<br>|
| &nbsp;&nbsp;&nbsp; Imperial Brands Finance PLC, Senior Notes | &nbsp;&nbsp; 6.125% | &nbsp;&nbsp; 7/27/27 | &nbsp;&nbsp; 510000<br>| &nbsp;&nbsp;&nbsp; 524082<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Philip Morris International Inc., Senior Notes | &nbsp;&nbsp; 4.250% | &nbsp;&nbsp; 11/10/44 | &nbsp;&nbsp; 610000<br>| &nbsp;&nbsp;&nbsp; 528390<br>|
| &nbsp;&nbsp;&nbsp; Reynolds American Inc., Senior Notes | &nbsp;&nbsp; 8.125% | &nbsp;&nbsp; 5/1/40 | &nbsp;&nbsp; 280000<br>| &nbsp;&nbsp;&nbsp; 342089<br>|
| &nbsp;&nbsp;&nbsp; Reynolds American Inc., Senior Notes | &nbsp;&nbsp; 7.000% | &nbsp;&nbsp; 8/4/41 | &nbsp;&nbsp; 300000<br>| &nbsp;&nbsp;&nbsp; 337165<br>|
| *Total Tobacco* | *Total Tobacco* | *Total Tobacco* | *Total Tobacco* | &nbsp;&nbsp; *2082744* |
| **Total Consumer Staples** | **Total Consumer Staples** | **Total Consumer Staples** | **Total Consumer Staples** | &nbsp;&nbsp; **3256676** |
| **Energy — 10.9%** | **Energy — 10.9%** | **Energy — 10.9%** | **Energy — 10.9%** | **Energy — 10.9%** |
| *Oil, Gas & Consumable Fuels — 10.9%* | *Oil, Gas & Consumable Fuels — 10.9%* | *Oil, Gas & Consumable Fuels — 10.9%* | *Oil, Gas & Consumable Fuels — 10.9%* | *Oil, Gas & Consumable Fuels — 10.9%* |
| &nbsp;&nbsp;&nbsp; Antero Midstream Partners LP/Antero Midstream Finance Corp., Senior <br> Notes | &nbsp;&nbsp; 6.625% | &nbsp;&nbsp; 2/1/32 | &nbsp;&nbsp; 250000<br>| &nbsp;&nbsp;&nbsp; 260024<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; APA Corp., Senior Notes | &nbsp;&nbsp; 5.250% | &nbsp;&nbsp; 2/1/42 | &nbsp;&nbsp; 68000<br>| &nbsp;&nbsp;&nbsp; 60114<br>|
| &nbsp;&nbsp;&nbsp; BP Capital Markets PLC, Senior Notes (6.125% to 6/18/35 then 5 year <br> Treasury Constant Maturity Rate + 1.924%) | &nbsp;&nbsp; 6.125% | &nbsp;&nbsp; 3/18/35 | &nbsp;&nbsp; 100000<br>| &nbsp;&nbsp;&nbsp; 103412<br> <sup>(c)(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; Cheniere Energy Partners LP, Senior Notes | &nbsp;&nbsp; 5.550% | &nbsp;&nbsp; 10/30/35 | &nbsp;&nbsp; 180000<br>| &nbsp;&nbsp;&nbsp; 186874<br>|
| &nbsp;&nbsp;&nbsp; Columbia Pipelines Operating Co. LLC, Senior Notes | &nbsp;&nbsp; 6.036% | &nbsp;&nbsp; 11/15/33 | &nbsp;&nbsp; 250000<br>| &nbsp;&nbsp;&nbsp; 270950<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; ConocoPhillips, Senior Notes | &nbsp;&nbsp; 6.500% | &nbsp;&nbsp; 2/1/39 | &nbsp;&nbsp; 880000<br>| &nbsp;&nbsp;&nbsp; 1004792<br>|
| &nbsp;&nbsp;&nbsp; Devon Energy Corp., Senior Notes | &nbsp;&nbsp; 5.600% | &nbsp;&nbsp; 7/15/41 | &nbsp;&nbsp; 20000<br>| &nbsp;&nbsp;&nbsp; 20043<br>|
| &nbsp;&nbsp;&nbsp; Devon Energy Corp., Senior Notes | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 6/15/45 | &nbsp;&nbsp; 80000<br>| &nbsp;&nbsp;&nbsp; 73100<br>|
| &nbsp;&nbsp;&nbsp; Devon Energy Corp., Senior Notes | &nbsp;&nbsp; 5.750% | &nbsp;&nbsp; 9/15/54 | &nbsp;&nbsp; 190000<br>| &nbsp;&nbsp;&nbsp; 185281<br>|
| &nbsp;&nbsp;&nbsp; Ecopetrol SA, Senior Notes | &nbsp;&nbsp; 8.375% | &nbsp;&nbsp; 1/19/36 | &nbsp;&nbsp; 220000<br>| &nbsp;&nbsp;&nbsp; 226289<br>|
| &nbsp;&nbsp;&nbsp; Energy Transfer LP, Junior Subordinated Notes (6.750% to 2/15/36 then 5 <br> year Treasury Constant Maturity Rate + 2.475%) | &nbsp;&nbsp; 6.750% | &nbsp;&nbsp; 2/15/56 | &nbsp;&nbsp; 170000<br>| &nbsp;&nbsp;&nbsp; 173844<br> <sup>(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; Energy Transfer LP, Junior Subordinated Notes (7.125% to 5/15/30 then 5 <br> year Treasury Constant Maturity Rate + 5.306%) | &nbsp;&nbsp; 7.125% | &nbsp;&nbsp; 5/15/30 | &nbsp;&nbsp; 460000<br>| &nbsp;&nbsp;&nbsp; 477538<br> <sup>(c)(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; Energy Transfer LP, Senior Notes | &nbsp;&nbsp; 8.250% | &nbsp;&nbsp; 11/15/29 | &nbsp;&nbsp; 240000<br>| &nbsp;&nbsp;&nbsp; 271745<br>|

---

See Notes to Schedule of Investments.

------

Western Asset Investment Grade Opportunity Trust Inc. 2026 Quarterly Report

------

Schedule of Investments (unaudited) (cont'd)

February 28, 2026

 **Western Asset Investment Grade Opportunity Trust Inc.**

(Percentages shown based on Fund net assets)

---

| | | | | |
|:---|:---|:---|:---|:---|
| Security | Rate | Maturity<br> Date<br>| Face<br> Amount†<br>| Value |
| *Oil, Gas & Consumable Fuels — continued* | *Oil, Gas & Consumable Fuels — continued* | *Oil, Gas & Consumable Fuels — continued* | *Oil, Gas & Consumable Fuels — continued* | *Oil, Gas & Consumable Fuels — continued* |
| &nbsp;&nbsp;&nbsp; Energy Transfer LP, Senior Notes | &nbsp;&nbsp; 6.625% | &nbsp;&nbsp; 10/15/36 | &nbsp;&nbsp; 20000<br>| &nbsp;&nbsp;&nbsp; $22343<br>|
| &nbsp;&nbsp;&nbsp; Energy Transfer LP, Senior Notes | &nbsp;&nbsp; 5.800% | &nbsp;&nbsp; 6/15/38 | &nbsp;&nbsp; 60000<br>| &nbsp;&nbsp;&nbsp; 62433<br>|
| &nbsp;&nbsp;&nbsp; Enterprise Products Operating LLC, Senior Notes | &nbsp;&nbsp; 5.550% | &nbsp;&nbsp; 2/16/55 | &nbsp;&nbsp; 560000<br>| &nbsp;&nbsp;&nbsp; 554622<br>|
| &nbsp;&nbsp;&nbsp; Enterprise Products Operating LLC, Senior Notes (5.375% to 2/15/28 then 3 <br> mo. Term SOFR + 2.832%) | &nbsp;&nbsp; 5.375% | &nbsp;&nbsp; 2/15/78 | &nbsp;&nbsp; 400000<br>| &nbsp;&nbsp;&nbsp; 403280<br> <sup>(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; Expand Energy Corp., Senior Notes | &nbsp;&nbsp; 6.750% | &nbsp;&nbsp; 4/15/29 | &nbsp;&nbsp; 270000<br>| &nbsp;&nbsp;&nbsp; 270789<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Expand Energy Corp., Senior Notes | &nbsp;&nbsp; 5.700% | &nbsp;&nbsp; 1/15/35 | &nbsp;&nbsp; 50000<br>| &nbsp;&nbsp;&nbsp; 52377<br>|
| &nbsp;&nbsp;&nbsp; Granite Ridge Resources Inc., Senior Notes | &nbsp;&nbsp; 8.875% | &nbsp;&nbsp; 11/5/29 | &nbsp;&nbsp; 330000<br>| &nbsp;&nbsp;&nbsp; 318244<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Greensaif Pipelines Bidco Sarl, Senior Secured Notes | &nbsp;&nbsp; 6.103% | &nbsp;&nbsp; 8/23/42 | &nbsp;&nbsp; 540000<br>| &nbsp;&nbsp;&nbsp; 566629<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Gulfstream Natural Gas System LLC, Senior Notes | &nbsp;&nbsp; 5.600% | &nbsp;&nbsp; 7/23/35 | &nbsp;&nbsp; 360000<br>| &nbsp;&nbsp;&nbsp; 375162<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Hess Midstream Operations LP, Senior Notes | &nbsp;&nbsp; 5.125% | &nbsp;&nbsp; 6/15/28 | &nbsp;&nbsp; 200000<br>| &nbsp;&nbsp;&nbsp; 200291<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Kinder Morgan Inc., Senior Notes | &nbsp;&nbsp; 7.800% | &nbsp;&nbsp; 8/1/31 | &nbsp;&nbsp; 530000<br>| &nbsp;&nbsp;&nbsp; 621112<br>|
| &nbsp;&nbsp;&nbsp; Occidental Petroleum Corp., Senior Notes | &nbsp;&nbsp; 7.875% | &nbsp;&nbsp; 9/15/31 | &nbsp;&nbsp; 500000<br>| &nbsp;&nbsp;&nbsp; 580737<br>|
| &nbsp;&nbsp;&nbsp; ONEOK Inc., Senior Notes | &nbsp;&nbsp; 6.050% | &nbsp;&nbsp; 9/1/33 | &nbsp;&nbsp; 300000<br>| &nbsp;&nbsp;&nbsp; 322213<br>|
| &nbsp;&nbsp;&nbsp; Petrobras Global Finance BV, Senior Notes | &nbsp;&nbsp; 7.375% | &nbsp;&nbsp; 1/17/27 | &nbsp;&nbsp; 530000<br>| &nbsp;&nbsp;&nbsp; 543659<br>|
| &nbsp;&nbsp;&nbsp; Petrobras Global Finance BV, Senior Notes | &nbsp;&nbsp; 5.500% | &nbsp;&nbsp; 6/10/51 | &nbsp;&nbsp; 160000<br>| &nbsp;&nbsp;&nbsp; 134715<br>|
| &nbsp;&nbsp;&nbsp; Saudi Arabian Oil Co., Senior Notes | &nbsp;&nbsp; 6.375% | &nbsp;&nbsp; 6/2/55 | &nbsp;&nbsp; 200000<br>| &nbsp;&nbsp;&nbsp; 210972<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Southern Natural Gas Co. LLC, Senior Notes | &nbsp;&nbsp; 8.000% | &nbsp;&nbsp; 3/1/32 | &nbsp;&nbsp; 1000000<br>| &nbsp;&nbsp;&nbsp; 1170177<br>|
| &nbsp;&nbsp;&nbsp; Sunoco LP, Junior Subordinated Notes (7.875% to 9/18/30 then 5 year <br> Treasury Constant Maturity Rate + 4.230%) | &nbsp;&nbsp; 7.875% | &nbsp;&nbsp; 9/18/30 | &nbsp;&nbsp; 210000<br>| &nbsp;&nbsp;&nbsp; 217233<br> <sup>(a)(c)(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; Sunoco LP, Senior Notes | &nbsp;&nbsp; 5.625% | &nbsp;&nbsp; 3/15/31 | &nbsp;&nbsp; 420000<br>| &nbsp;&nbsp;&nbsp; 423808<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Targa Resources Corp., Senior Notes | &nbsp;&nbsp; 5.500% | &nbsp;&nbsp; 2/15/35 | &nbsp;&nbsp; 270000<br>| &nbsp;&nbsp;&nbsp; 279514<br>|
| &nbsp;&nbsp;&nbsp; Targa Resources Corp., Senior Notes | &nbsp;&nbsp; 4.950% | &nbsp;&nbsp; 4/15/52 | &nbsp;&nbsp; 150000<br>| &nbsp;&nbsp;&nbsp; 130309<br>|
| &nbsp;&nbsp;&nbsp; Transcontinental Gas Pipe Line Co. LLC, Senior Notes | &nbsp;&nbsp; 5.100% | &nbsp;&nbsp; 3/15/36 | &nbsp;&nbsp; 260000<br>| &nbsp;&nbsp;&nbsp; 265189<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Transcontinental Gas Pipe Line Co. LLC, Senior Notes | &nbsp;&nbsp; 5.400% | &nbsp;&nbsp; 8/15/41 | &nbsp;&nbsp; 10000<br>| &nbsp;&nbsp;&nbsp; 9974<br>|
| &nbsp;&nbsp;&nbsp; Venture Global Plaquemines LNG LLC, Senior Secured Notes | &nbsp;&nbsp; 6.750% | &nbsp;&nbsp; 1/15/36 | &nbsp;&nbsp; 70000<br>| &nbsp;&nbsp;&nbsp; 74606<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Viper Energy Partners LLC, Senior Notes | &nbsp;&nbsp; 5.700% | &nbsp;&nbsp; 8/1/35 | &nbsp;&nbsp; 160000<br>| &nbsp;&nbsp;&nbsp; 166076<br>|
| &nbsp;&nbsp;&nbsp; Western Midstream Operating LP, Senior Notes | &nbsp;&nbsp; 5.450% | &nbsp;&nbsp; 4/1/44 | &nbsp;&nbsp; 50000<br>| &nbsp;&nbsp;&nbsp; 46105<br>|
| &nbsp;&nbsp;&nbsp; Williams Cos. Inc., Senior Notes | &nbsp;&nbsp; 7.750% | &nbsp;&nbsp; 6/15/31 | &nbsp;&nbsp; 62000<br>| &nbsp;&nbsp;&nbsp; 71378<br>|
| &nbsp;&nbsp;&nbsp; Williams Cos. Inc., Senior Notes | &nbsp;&nbsp; 8.750% | &nbsp;&nbsp; 3/15/32 | &nbsp;&nbsp; 148000<br>| &nbsp;&nbsp;&nbsp; 180968<br>|
| &nbsp;&nbsp;&nbsp; Williams Cos. Inc., Senior Notes | &nbsp;&nbsp; 5.300% | &nbsp;&nbsp; 9/30/35 | &nbsp;&nbsp; 10000<br>| &nbsp;&nbsp;&nbsp; 10275<br>|
| **Total Energy** | **Total Energy** | **Total Energy** | **Total Energy** | &nbsp;&nbsp; **11599196** |
| **Financials — 37.1%** | **Financials — 37.1%** | **Financials — 37.1%** | **Financials — 37.1%** | **Financials — 37.1%** |
| *Banks — 14.6%* | *Banks — 14.6%* | *Banks — 14.6%* | *Banks — 14.6%* | *Banks — 14.6%* |
| &nbsp;&nbsp;&nbsp; Banco Mercantil del Norte SA, Junior Subordinated Notes (8.375% to <br> 10/14/30 then 10 year Treasury Constant Maturity Rate + 7.760%) | &nbsp;&nbsp; 8.375% | &nbsp;&nbsp; 10/14/30 | &nbsp;&nbsp; 200000<br>| &nbsp;&nbsp;&nbsp; 215847<br> <sup>(a)(c)(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; Banco Mercantil del Norte SA, Junior Subordinated Notes (8.750% to <br> 5/20/35 then 10 year Treasury Constant Maturity Rate + 4.299%) | &nbsp;&nbsp; 8.750% | &nbsp;&nbsp; 5/20/35 | &nbsp;&nbsp; 200000<br>| &nbsp;&nbsp;&nbsp; 220383<br> <sup>(a)(c)(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; Bank of America Corp., Senior Notes | &nbsp;&nbsp; 5.875% | &nbsp;&nbsp; 2/7/42 | &nbsp;&nbsp; 790000<br>| &nbsp;&nbsp;&nbsp; 847881<br>|
| &nbsp;&nbsp;&nbsp; Bank of America Corp., Senior Notes (5.045% to 2/6/36 then SOFR + <br> 1.130%) | &nbsp;&nbsp; 5.045% | &nbsp;&nbsp; 2/6/37 | &nbsp;&nbsp; 310000<br>| &nbsp;&nbsp;&nbsp; 314600<br> <sup>(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; Bank of America Corp., Senior Notes (5.511% to 1/24/35 then SOFR + <br> 1.310%) | &nbsp;&nbsp; 5.511% | &nbsp;&nbsp; 1/24/36 | &nbsp;&nbsp; 390000<br>| &nbsp;&nbsp;&nbsp; 409485<br> <sup>(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; Bank of America Corp., Subordinated Notes | &nbsp;&nbsp; 7.750% | &nbsp;&nbsp; 5/14/38 | &nbsp;&nbsp; 400000<br>| &nbsp;&nbsp;&nbsp; 490932<br>|
| &nbsp;&nbsp;&nbsp; Bank of America Corp., Subordinated Notes (5.518% to 10/25/34 then SOFR <br> + 1.738%) | &nbsp;&nbsp; 5.518% | &nbsp;&nbsp; 10/25/35 | &nbsp;&nbsp; 520000<br>| &nbsp;&nbsp;&nbsp; 533817<br> <sup>(d)</sup><br>|

---

See Notes to Schedule of Investments.

------

Western Asset Investment Grade Opportunity Trust Inc. 2026 Quarterly Report

------

 **Western Asset Investment Grade Opportunity Trust Inc.**

(Percentages shown based on Fund net assets)

---

| | | | | |
|:---|:---|:---|:---|:---|
| Security | Rate | Maturity<br> Date<br>| Face<br> Amount†<br>| Value |
| *Banks — continued* | *Banks — continued* | *Banks — continued* | *Banks — continued* | *Banks — continued* |
| &nbsp;&nbsp;&nbsp; Bank of Nova Scotia, Junior Subordinated Notes (8.000% to 1/27/29 then 5 <br> year Treasury Constant Maturity Rate + 4.017%) | &nbsp;&nbsp; 8.000% | &nbsp;&nbsp; 1/27/84 | &nbsp;&nbsp; 350000<br>| &nbsp;&nbsp;&nbsp; $374702<br> <sup>(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; Barclays PLC, Senior Notes (5.785% to 2/25/35 then SOFR + 1.590%) | &nbsp;&nbsp; 5.785% | &nbsp;&nbsp; 2/25/36 | &nbsp;&nbsp; 200000<br>| &nbsp;&nbsp;&nbsp; 209605<br> <sup>(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; BNP Paribas SA, Junior Subordinated Notes (6.875% to 12/15/33 then 5 <br> year Treasury Constant Maturity Rate + 2.853%) | &nbsp;&nbsp; 6.875% | &nbsp;&nbsp; 12/15/33 | &nbsp;&nbsp; 360000<br>| &nbsp;&nbsp;&nbsp; 362044<br> <sup>(a)(c)(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; BNP Paribas SA, Junior Subordinated Notes (8.500% to 8/14/28 then 5 year <br> Treasury Constant Maturity Rate + 4.354%) | &nbsp;&nbsp; 8.500% | &nbsp;&nbsp; 8/14/28 | &nbsp;&nbsp; 290000<br>| &nbsp;&nbsp;&nbsp; 310216<br> <sup>(a)(c)(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; BNP Paribas SA, Senior Notes (5.786% to 1/13/32 then SOFR + 1.620%) | &nbsp;&nbsp; 5.786% | &nbsp;&nbsp; 1/13/33 | &nbsp;&nbsp; 210000<br>| &nbsp;&nbsp;&nbsp; 222516<br> <sup>(a)(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; BPCE SA, Senior Notes (6.714% to 10/19/28 then SOFR + 2.270%) | &nbsp;&nbsp; 6.714% | &nbsp;&nbsp; 10/19/29 | &nbsp;&nbsp; 280000<br>| &nbsp;&nbsp;&nbsp; 297406<br> <sup>(a)(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; CaixaBank SA, Senior Notes (5.581% to 7/3/35 then SOFR + 1.790%) | &nbsp;&nbsp; 5.581% | &nbsp;&nbsp; 7/3/36 | &nbsp;&nbsp; 360000<br>| &nbsp;&nbsp;&nbsp; 373710<br> <sup>(a)(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; Citigroup Inc., Junior Subordinated Notes (6.625% to 2/15/31 then 5 year <br> Treasury Constant Maturity Rate + 3.001%) | &nbsp;&nbsp; 6.625% | &nbsp;&nbsp; 2/15/31 | &nbsp;&nbsp; 190000<br>| &nbsp;&nbsp;&nbsp; 196541<br> <sup>(c)(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; Citigroup Inc., Senior Notes | &nbsp;&nbsp; 8.125% | &nbsp;&nbsp; 7/15/39 | &nbsp;&nbsp; 442000<br>| &nbsp;&nbsp;&nbsp; 568338<br>|
| &nbsp;&nbsp;&nbsp; Citigroup Inc., Subordinated Notes | &nbsp;&nbsp; 6.675% | &nbsp;&nbsp; 9/13/43 | &nbsp;&nbsp; 370000<br>| &nbsp;&nbsp;&nbsp; 418359<br>|
| &nbsp;&nbsp;&nbsp; Citigroup Inc., Subordinated Notes (6.174% to 5/25/33 then SOFR + <br> 2.661%) | &nbsp;&nbsp; 6.174% | &nbsp;&nbsp; 5/25/34 | &nbsp;&nbsp; 220000<br>| &nbsp;&nbsp;&nbsp; 234926<br> <sup>(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; Cooperatieve Rabobank UA, Senior Notes | &nbsp;&nbsp; 5.750% | &nbsp;&nbsp; 12/1/43 | &nbsp;&nbsp; 250000<br>| &nbsp;&nbsp;&nbsp; 254981<br>|
| &nbsp;&nbsp;&nbsp; Credit Agricole SA, Senior Notes (6.316% to 10/3/28 then SOFR + 1.860%) | &nbsp;&nbsp; 6.316% | &nbsp;&nbsp; 10/3/29 | &nbsp;&nbsp; 450000<br>| &nbsp;&nbsp;&nbsp; 473726<br> <sup>(a)(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; HSBC Holdings PLC, Senior Notes (5.790% to 5/13/35 then SOFR + 1.880%) | &nbsp;&nbsp; 5.790% | &nbsp;&nbsp; 5/13/36 | &nbsp;&nbsp; 280000<br>| &nbsp;&nbsp;&nbsp; 297750<br> <sup>(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; HSBC Holdings PLC, Senior Notes (6.254% to 3/9/33 then SOFR + 2.390%) | &nbsp;&nbsp; 6.254% | &nbsp;&nbsp; 3/9/34 | &nbsp;&nbsp; 1000000<br>| &nbsp;&nbsp;&nbsp; 1093566<br> <sup>(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; Huntington Bancshares Inc., Subordinated Notes (5.605% to 1/28/36 then 5 <br> year Treasury Constant Maturity Rate + 1.350%) | &nbsp;&nbsp; 5.605% | &nbsp;&nbsp; 1/28/41 | &nbsp;&nbsp; 300000<br>| &nbsp;&nbsp;&nbsp; 301565<br> <sup>(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; Intesa Sanpaolo SpA, Senior Notes (7.778% to 6/20/53 then 1 year Treasury <br> Constant Maturity Rate + 3.900%) | &nbsp;&nbsp; 7.778% | &nbsp;&nbsp; 6/20/54 | &nbsp;&nbsp; 340000<br>| &nbsp;&nbsp;&nbsp; 415132<br> <sup>(a)(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; JPMorgan Chase & Co., Junior Subordinated Notes (6.500% to 4/1/30 then <br> 5 year Treasury Constant Maturity Rate + 2.152%) | &nbsp;&nbsp; 6.500% | &nbsp;&nbsp; 4/1/30 | &nbsp;&nbsp; 100000<br>| &nbsp;&nbsp;&nbsp; 104809<br> <sup>(c)(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; JPMorgan Chase & Co., Senior Notes | &nbsp;&nbsp; 6.400% | &nbsp;&nbsp; 5/15/38 | &nbsp;&nbsp; 880000<br>| &nbsp;&nbsp;&nbsp; 1000850<br>|
| &nbsp;&nbsp;&nbsp; JPMorgan Chase & Co., Senior Notes (4.810% to 10/22/35 then SOFR + <br> 1.190%) | &nbsp;&nbsp; 4.810% | &nbsp;&nbsp; 10/22/36 | &nbsp;&nbsp; 260000<br>| &nbsp;&nbsp;&nbsp; 259607<br> <sup>(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; JPMorgan Chase & Co., Senior Notes (4.898% to 1/22/36 then SOFR + <br> 1.070%) | &nbsp;&nbsp; 4.898% | &nbsp;&nbsp; 1/22/37 | &nbsp;&nbsp; 210000<br>| &nbsp;&nbsp;&nbsp; 211340<br> <sup>(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; JPMorgan Chase & Co., Senior Notes (5.294% to 7/22/34 then SOFR + <br> 1.460%) | &nbsp;&nbsp; 5.294% | &nbsp;&nbsp; 7/22/35 | &nbsp;&nbsp; 280000<br>| &nbsp;&nbsp;&nbsp; 290858<br> <sup>(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; JPMorgan Chase & Co., Senior Notes (5.534% to 11/29/44 then SOFR + <br> 1.550%) | &nbsp;&nbsp; 5.534% | &nbsp;&nbsp; 11/29/45 | &nbsp;&nbsp; 260000<br>| &nbsp;&nbsp;&nbsp; 265859<br> <sup>(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; JPMorgan Chase & Co., Subordinated Notes | &nbsp;&nbsp; 5.625% | &nbsp;&nbsp; 8/16/43 | &nbsp;&nbsp; 450000<br>| &nbsp;&nbsp;&nbsp; 465529<br>|
| &nbsp;&nbsp;&nbsp; Lloyds Banking Group PLC, Junior Subordinated Notes (8.000% to 3/27/30 <br> then 5 year Treasury Constant Maturity Rate + 3.913%) | &nbsp;&nbsp; 8.000% | &nbsp;&nbsp; 9/27/29 | &nbsp;&nbsp; 410000<br>| &nbsp;&nbsp;&nbsp; 445678<br> <sup>(c)(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; Pinnacle Financial Partners Inc., Senior Notes (6.168% to 11/1/29 then <br> SOFR + 2.347%) | &nbsp;&nbsp; 6.168% | &nbsp;&nbsp; 11/1/30 | &nbsp;&nbsp; 140000<br>| &nbsp;&nbsp;&nbsp; 146844<br> <sup>(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; PNC Financial Services Group Inc., Subordinated Notes (5.423% to 1/25/36 <br> then 5 year Treasury Constant Maturity Rate + 1.170%) | &nbsp;&nbsp; 5.423% | &nbsp;&nbsp; 1/25/41 | &nbsp;&nbsp; 410000<br>| &nbsp;&nbsp;&nbsp; 414651<br> <sup>(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; Toronto-Dominion Bank, Junior Subordinated Notes (7.250% to 7/31/29 <br> then 5 year Treasury Constant Maturity Rate + 2.977%) | &nbsp;&nbsp; 7.250% | &nbsp;&nbsp; 7/31/84 | &nbsp;&nbsp; 200000<br>| &nbsp;&nbsp;&nbsp; 209243<br> <sup>(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; Truist Financial Corp., Senior Notes (4.964% to 10/23/35 then SOFR + <br> 1.395%) | &nbsp;&nbsp; 4.964% | &nbsp;&nbsp; 10/23/36 | &nbsp;&nbsp; 150000<br>| &nbsp;&nbsp;&nbsp; 149843<br> <sup>(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; Truist Financial Corp., Senior Notes (5.867% to 6/8/33 then SOFR + 2.361%) | &nbsp;&nbsp; 5.867% | &nbsp;&nbsp; 6/8/34 | &nbsp;&nbsp; 150000<br>| &nbsp;&nbsp;&nbsp; 160525<br> <sup>(d)</sup><br>|

---

See Notes to Schedule of Investments.

------

Western Asset Investment Grade Opportunity Trust Inc. 2026 Quarterly Report

------

Schedule of Investments (unaudited) (cont'd)

February 28, 2026

 **Western Asset Investment Grade Opportunity Trust Inc.**

(Percentages shown based on Fund net assets)

---

| | | | | |
|:---|:---|:---|:---|:---|
| Security | Rate | Maturity<br> Date<br>| Face<br> Amount†<br>| Value |
| *Banks — continued* | *Banks — continued* | *Banks — continued* | *Banks — continued* | *Banks — continued* |
| &nbsp;&nbsp;&nbsp; Truist Financial Corp., Senior Notes (7.161% to 10/30/28 then SOFR + <br> 2.446%) | &nbsp;&nbsp; 7.161% | &nbsp;&nbsp; 10/30/29 | &nbsp;&nbsp; 210000<br>| &nbsp;&nbsp;&nbsp; $226101<br> <sup>(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; US Bancorp, Senior Notes (5.033% to 1/26/36 then SOFR + 1.101%) | &nbsp;&nbsp; 5.033% | &nbsp;&nbsp; 1/26/37 | &nbsp;&nbsp; 530000<br>| &nbsp;&nbsp;&nbsp; 535907<br> <sup>(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; US Bancorp, Senior Notes (5.836% to 6/10/33 then SOFR + 2.260%) | &nbsp;&nbsp; 5.836% | &nbsp;&nbsp; 6/12/34 | &nbsp;&nbsp; 280000<br>| &nbsp;&nbsp;&nbsp; 300827<br> <sup>(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; Wells Fargo & Co., Senior Notes (4.960% to 1/23/36 then SOFR + 1.100%) | &nbsp;&nbsp; 4.960% | &nbsp;&nbsp; 1/23/37 | &nbsp;&nbsp; 240000<br>| &nbsp;&nbsp;&nbsp; 241006<br> <sup>(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; Wells Fargo & Co., Senior Notes (5.557% to 7/25/33 then SOFR + 1.990%) | &nbsp;&nbsp; 5.557% | &nbsp;&nbsp; 7/25/34 | &nbsp;&nbsp; 420000<br>| &nbsp;&nbsp;&nbsp; 442088<br> <sup>(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; Wells Fargo & Co., Senior Notes (5.605% to 4/23/35 then SOFR + 1.740%) | &nbsp;&nbsp; 5.605% | &nbsp;&nbsp; 4/23/36 | &nbsp;&nbsp; 190000<br>| &nbsp;&nbsp;&nbsp; 199900<br> <sup>(d)</sup><br>|
| *Total Banks* | *Total Banks* | *Total Banks* | *Total Banks* | &nbsp;&nbsp; *15509493* |
| *Capital Markets — 10.4%* | *Capital Markets — 10.4%* | *Capital Markets — 10.4%* | *Capital Markets — 10.4%* | *Capital Markets — 10.4%* |
| &nbsp;&nbsp;&nbsp; Ares Capital Corp., Senior Notes | &nbsp;&nbsp; 5.500% | &nbsp;&nbsp; 9/1/30 | &nbsp;&nbsp; 410000<br>| &nbsp;&nbsp;&nbsp; 406147<br>|
| &nbsp;&nbsp;&nbsp; Ares Management Corp., Senior Notes | &nbsp;&nbsp; 5.600% | &nbsp;&nbsp; 10/11/54 | &nbsp;&nbsp; 150000<br>| &nbsp;&nbsp;&nbsp; 136445<br>|
| &nbsp;&nbsp;&nbsp; Bank of New York Mellon Corp., Junior Subordinated Notes (5.950% to <br> 12/20/30 then 5 year Treasury Constant Maturity Rate + 2.271%) | &nbsp;&nbsp; 5.950% | &nbsp;&nbsp; 12/20/30 | &nbsp;&nbsp; 100000<br>| &nbsp;&nbsp;&nbsp; 102721<br> <sup>(c)(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; Charles Schwab Corp., Senior Notes (6.136% to 8/24/33 then SOFR + <br> 2.010%) | &nbsp;&nbsp; 6.136% | &nbsp;&nbsp; 8/24/34 | &nbsp;&nbsp; 680000<br>| &nbsp;&nbsp;&nbsp; 743416<br> <sup>(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; CI Financial Corp., Senior Notes | &nbsp;&nbsp; 7.500% | &nbsp;&nbsp; 5/30/29 | &nbsp;&nbsp; 530000<br>| &nbsp;&nbsp;&nbsp; 566243<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; CME Group Inc., Senior Notes | &nbsp;&nbsp; 5.300% | &nbsp;&nbsp; 9/15/43 | &nbsp;&nbsp; 440000<br>| &nbsp;&nbsp;&nbsp; 451756<br>|
| &nbsp;&nbsp;&nbsp; Credit Suisse AG AT1 Claim | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 2390000<br>| &nbsp;&nbsp;&nbsp; 0<br> \*<sup>(e)(f)(g)</sup><br>|
| &nbsp;&nbsp;&nbsp; Goldman Sachs Group Inc., Junior Subordinated Notes (6.850% to 2/10/30 <br> then 5 year Treasury Constant Maturity Rate + 2.461%) | &nbsp;&nbsp; 6.850% | &nbsp;&nbsp; 2/10/30 | &nbsp;&nbsp; 210000<br>| &nbsp;&nbsp;&nbsp; 220046<br> <sup>(c)(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; Goldman Sachs Group Inc., Junior Subordinated Notes (7.500% to 2/10/29 <br> then 5 year Treasury Constant Maturity Rate + 3.156%) | &nbsp;&nbsp; 7.500% | &nbsp;&nbsp; 2/10/29 | &nbsp;&nbsp; 150000<br>| &nbsp;&nbsp;&nbsp; 160450<br> <sup>(c)(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; Goldman Sachs Group Inc., Senior Notes | &nbsp;&nbsp; 6.250% | &nbsp;&nbsp; 2/1/41 | &nbsp;&nbsp; 1500000<br>| &nbsp;&nbsp;&nbsp; 1641362<br>|
| &nbsp;&nbsp;&nbsp; Goldman Sachs Group Inc., Senior Notes (5.065% to 1/21/36 then SOFR + <br> 1.190%) | &nbsp;&nbsp; 5.065% | &nbsp;&nbsp; 1/21/37 | &nbsp;&nbsp; 640000<br>| &nbsp;&nbsp;&nbsp; 644750<br> <sup>(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; Goldman Sachs Group Inc., Senior Notes (5.536% to 1/28/35 then SOFR + <br> 1.380%) | &nbsp;&nbsp; 5.536% | &nbsp;&nbsp; 1/28/36 | &nbsp;&nbsp; 290000<br>| &nbsp;&nbsp;&nbsp; 303423<br> <sup>(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; Goldman Sachs Group Inc., Subordinated Notes | &nbsp;&nbsp; 5.150% | &nbsp;&nbsp; 5/22/45 | &nbsp;&nbsp; 70000<br>| &nbsp;&nbsp;&nbsp; 66138<br>|
| &nbsp;&nbsp;&nbsp; Goldman Sachs Group Inc., Subordinated Notes (5.387% to 2/2/36 then 5 <br> year Treasury Constant Maturity Rate + 1.180%) | &nbsp;&nbsp; 5.387% | &nbsp;&nbsp; 2/2/41 | &nbsp;&nbsp; 420000<br>| &nbsp;&nbsp;&nbsp; 416992<br> <sup>(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; Intercontinental Exchange Inc., Senior Notes | &nbsp;&nbsp; 4.950% | &nbsp;&nbsp; 6/15/52 | &nbsp;&nbsp; 230000<br>| &nbsp;&nbsp;&nbsp; 210973<br>|
| &nbsp;&nbsp;&nbsp; Intercontinental Exchange Inc., Senior Notes | &nbsp;&nbsp; 5.200% | &nbsp;&nbsp; 6/15/62 | &nbsp;&nbsp; 240000<br>| &nbsp;&nbsp;&nbsp; 222532<br>|
| &nbsp;&nbsp;&nbsp; KKR Group Finance Co. III LLC, Senior Notes | &nbsp;&nbsp; 5.125% | &nbsp;&nbsp; 6/1/44 | &nbsp;&nbsp; 600000<br>| &nbsp;&nbsp;&nbsp; 553309<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Morgan Stanley, Senior Notes | &nbsp;&nbsp; 6.375% | &nbsp;&nbsp; 7/24/42 | &nbsp;&nbsp; 80000<br>| &nbsp;&nbsp;&nbsp; 89481<br>|
| &nbsp;&nbsp;&nbsp; Morgan Stanley, Senior Notes (2.802% to 1/25/51 then SOFR + 1.430%) | &nbsp;&nbsp; 2.802% | &nbsp;&nbsp; 1/25/52 | &nbsp;&nbsp; 320000<br>| &nbsp;&nbsp;&nbsp; 205439<br> <sup>(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; Morgan Stanley, Senior Notes (4.892% to 10/22/35 then SOFR + 1.314%) | &nbsp;&nbsp; 4.892% | &nbsp;&nbsp; 10/22/36 | &nbsp;&nbsp; 460000<br>| &nbsp;&nbsp;&nbsp; 457813<br> <sup>(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; Morgan Stanley, Senior Notes (5.073% to 1/30/36 then SOFR + 1.184%) | &nbsp;&nbsp; 5.073% | &nbsp;&nbsp; 1/30/37 | &nbsp;&nbsp; 630000<br>| &nbsp;&nbsp;&nbsp; 635616<br> <sup>(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; Morgan Stanley, Senior Notes (5.664% to 4/17/35 then SOFR + 1.757%) | &nbsp;&nbsp; 5.664% | &nbsp;&nbsp; 4/17/36 | &nbsp;&nbsp; 180000<br>| &nbsp;&nbsp;&nbsp; 190291<br> <sup>(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; Morgan Stanley, Subordinated Notes (5.314% to 1/18/36 then 5 year <br> Treasury Constant Maturity Rate + 1.170%) | &nbsp;&nbsp; 5.314% | &nbsp;&nbsp; 1/18/41 | &nbsp;&nbsp; 400000<br>| &nbsp;&nbsp;&nbsp; 398119<br> <sup>(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; Morgan Stanley, Subordinated Notes (5.948% to 1/19/33 then 5 year <br> Treasury Constant Maturity Rate + 2.430%) | &nbsp;&nbsp; 5.948% | &nbsp;&nbsp; 1/19/38 | &nbsp;&nbsp; 80000<br>| &nbsp;&nbsp;&nbsp; 84363<br> <sup>(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; Raymond James Financial Inc., Senior Notes | &nbsp;&nbsp; 5.650% | &nbsp;&nbsp; 9/11/55 | &nbsp;&nbsp; 70000<br>| &nbsp;&nbsp;&nbsp; 68564<br>|
| &nbsp;&nbsp;&nbsp; State Street Corp., Junior Subordinated Notes (6.700% to 3/15/29 then 5 <br> year Treasury Constant Maturity Rate + 2.613%) | &nbsp;&nbsp; 6.700% | &nbsp;&nbsp; 3/15/29 | &nbsp;&nbsp; 380000<br>| &nbsp;&nbsp;&nbsp; 398144<br> <sup>(c)(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; UBS Group AG, Junior Subordinated Notes (7.000% to 7/8/36 then USD 5 <br> year SOFR ICE Swap Rate + 3.321%) | &nbsp;&nbsp; 7.000% | &nbsp;&nbsp; 1/8/36 | &nbsp;&nbsp; 420000<br>| &nbsp;&nbsp;&nbsp; 422927<br> <sup>(a)(c)(d)</sup><br>|

---

See Notes to Schedule of Investments.

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Western Asset Investment Grade Opportunity Trust Inc. 2026 Quarterly Report

------

 **Western Asset Investment Grade Opportunity Trust Inc.**

(Percentages shown based on Fund net assets)

---

| | | | | |
|:---|:---|:---|:---|:---|
| Security | Rate | Maturity<br> Date<br>| Face<br> Amount†<br>| Value |
| *Capital Markets — continued* | *Capital Markets — continued* | *Capital Markets — continued* | *Capital Markets — continued* | *Capital Markets — continued* |
| &nbsp;&nbsp;&nbsp; UBS Group AG, Junior Subordinated Notes (9.250% to 11/13/33 then 5 year <br> Treasury Constant Maturity Rate + 4.758%) | &nbsp;&nbsp; 9.250% | &nbsp;&nbsp; 11/13/33 | &nbsp;&nbsp; 440000<br>| &nbsp;&nbsp;&nbsp; $515772<br> <sup>(a)(c)(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; UBS Group AG, Senior Notes (5.199% to 8/10/36 then SOFR + 1.340%) | &nbsp;&nbsp; 5.199% | &nbsp;&nbsp; 8/10/37 | &nbsp;&nbsp; 300000<br>| &nbsp;&nbsp;&nbsp; 302844<br> <sup>(a)(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; UBS Group AG, Senior Notes (6.301% to 9/22/33 then 1 year Treasury <br> Constant Maturity Rate + 2.000%) | &nbsp;&nbsp; 6.301% | &nbsp;&nbsp; 9/22/34 | &nbsp;&nbsp; 350000<br>| &nbsp;&nbsp;&nbsp; 384021<br> <sup>(a)(d)</sup><br>|
| *Total Capital Markets* | *Total Capital Markets* | *Total Capital Markets* | *Total Capital Markets* | &nbsp;&nbsp; *11000097* |
| *Consumer Finance — 1.6%* | *Consumer Finance — 1.6%* | *Consumer Finance — 1.6%* | *Consumer Finance — 1.6%* | *Consumer Finance — 1.6%* |
| &nbsp;&nbsp;&nbsp; American Express Co., Junior Subordinated Notes (3.550% to 9/15/26 then <br> 5 year Treasury Constant Maturity Rate + 2.854%) | &nbsp;&nbsp; 3.550% | &nbsp;&nbsp; 9/15/26 | &nbsp;&nbsp; 110000<br>| &nbsp;&nbsp;&nbsp; 109393<br> <sup>(c)(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; American Express Co., Senior Notes (4.918% to 7/20/32 then SOFR + <br> 1.220%) | &nbsp;&nbsp; 4.918% | &nbsp;&nbsp; 7/20/33 | &nbsp;&nbsp; 500000<br>| &nbsp;&nbsp;&nbsp; 512325<br> <sup>(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; American Express Co., Senior Notes (5.667% to 4/25/35 then SOFR + <br> 1.790%) | &nbsp;&nbsp; 5.667% | &nbsp;&nbsp; 4/25/36 | &nbsp;&nbsp; 230000<br>| &nbsp;&nbsp;&nbsp; 243662<br> <sup>(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; Capital One Financial Corp., Senior Notes (5.817% to 2/1/33 then SOFR + <br> 2.600%) | &nbsp;&nbsp; 5.817% | &nbsp;&nbsp; 2/1/34 | &nbsp;&nbsp; 140000<br>| &nbsp;&nbsp;&nbsp; 147770<br> <sup>(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; Midcap Financial Issuer Trust, Junior Subordinated Notes (3 mo. Term SOFR <br> + 3.750%) | &nbsp;&nbsp; 7.422% | &nbsp;&nbsp; 1/15/56 | &nbsp;&nbsp; 240000<br>| &nbsp;&nbsp;&nbsp; 236559<br> <sup>(a)(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; Midcap Financial Issuer Trust, Senior Notes | &nbsp;&nbsp; 5.370% | &nbsp;&nbsp; 4/15/29 | &nbsp;&nbsp; 450000<br>| &nbsp;&nbsp;&nbsp; 448884<br> <sup>(a)</sup><br>|
| *Total Consumer Finance* | *Total Consumer Finance* | *Total Consumer Finance* | *Total Consumer Finance* | &nbsp;&nbsp; *1698593* |
| *Financial Services — 2.3%* | *Financial Services — 2.3%* | *Financial Services — 2.3%* | *Financial Services — 2.3%* | *Financial Services — 2.3%* |
| &nbsp;&nbsp;&nbsp; Berkshire Hathaway Energy Co., Senior Notes | &nbsp;&nbsp; 6.125% | &nbsp;&nbsp; 4/1/36 | &nbsp;&nbsp; 590000<br>| &nbsp;&nbsp;&nbsp; 647476<br>|
| &nbsp;&nbsp;&nbsp; Carlyle Finance LLC, Senior Notes | &nbsp;&nbsp; 5.650% | &nbsp;&nbsp; 9/15/48 | &nbsp;&nbsp; 170000<br>| &nbsp;&nbsp;&nbsp; 167177<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; ILFC E-Capital Trust I, Ltd. GTD | &nbsp;&nbsp; 6.350% | &nbsp;&nbsp; 12/21/65 | &nbsp;&nbsp; 600000<br>| &nbsp;&nbsp;&nbsp; 521518<br> <sup>(a)(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; ILFC E-Capital Trust II, Ltd. GTD | &nbsp;&nbsp; 6.600% | &nbsp;&nbsp; 12/21/65 | &nbsp;&nbsp; 100000<br>| &nbsp;&nbsp;&nbsp; 88427<br> <sup>(a)(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; Jane Street Group/JSG Finance Inc., Senior Secured Notes | &nbsp;&nbsp; 6.125% | &nbsp;&nbsp; 11/1/32 | &nbsp;&nbsp; 520000<br>| &nbsp;&nbsp;&nbsp; 523503<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; LPL Holdings Inc., Senior Notes | &nbsp;&nbsp; 4.000% | &nbsp;&nbsp; 3/15/29 | &nbsp;&nbsp; 200000<br>| &nbsp;&nbsp;&nbsp; 197344<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; LPL Holdings Inc., Senior Notes | &nbsp;&nbsp; 5.650% | &nbsp;&nbsp; 3/15/35 | &nbsp;&nbsp; 270000<br>| &nbsp;&nbsp;&nbsp; 274582<br>|
| &nbsp;&nbsp;&nbsp; LPL Holdings Inc., Senior Notes | &nbsp;&nbsp; 5.750% | &nbsp;&nbsp; 6/15/35 | &nbsp;&nbsp; 40000<br>| &nbsp;&nbsp;&nbsp; 40882<br>|
| *Total Financial Services* | *Total Financial Services* | *Total Financial Services* | *Total Financial Services* | &nbsp;&nbsp; *2460909* |
| *Insurance — 7.7%* | *Insurance — 7.7%* | *Insurance — 7.7%* | *Insurance — 7.7%* | *Insurance — 7.7%* |
| &nbsp;&nbsp;&nbsp; Allianz SE, Junior Subordinated Notes (6.550% to 4/30/34 then 5 year <br> Treasury Constant Maturity Rate + 2.317%) | &nbsp;&nbsp; 6.550% | &nbsp;&nbsp; 10/30/33 | &nbsp;&nbsp; 400000<br>| &nbsp;&nbsp;&nbsp; 414830<br> <sup>(a)(c)(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; Allianz SE, Subordinated Notes (5.600% to 9/3/34 then 5 year Treasury <br> Constant Maturity Rate + 2.771%) | &nbsp;&nbsp; 5.600% | &nbsp;&nbsp; 9/3/54 | &nbsp;&nbsp; 200000<br>| &nbsp;&nbsp;&nbsp; 205268<br> <sup>(a)(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; Aon North America Inc., Senior Notes | &nbsp;&nbsp; 5.750% | &nbsp;&nbsp; 3/1/54 | &nbsp;&nbsp; 210000<br>| &nbsp;&nbsp;&nbsp; 208001<br>|
| &nbsp;&nbsp;&nbsp; Asurion LLC/Asurion Co-Issuer Inc., Senior Secured Notes | &nbsp;&nbsp; 8.000% | &nbsp;&nbsp; 12/31/32 | &nbsp;&nbsp; 150000<br>| &nbsp;&nbsp;&nbsp; 157675<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Asurion LLC/Asurion Co-Issuer Inc., Senior Secured Notes | &nbsp;&nbsp; 8.375% | &nbsp;&nbsp; 2/1/34 | &nbsp;&nbsp; 70000<br>| &nbsp;&nbsp;&nbsp; 69705<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Athene Holding Ltd., Senior Notes | &nbsp;&nbsp; 6.250% | &nbsp;&nbsp; 4/1/54 | &nbsp;&nbsp; 500000<br>| &nbsp;&nbsp;&nbsp; 467130<br>|
| &nbsp;&nbsp;&nbsp; Athene Holding Ltd., Senior Notes | &nbsp;&nbsp; 6.625% | &nbsp;&nbsp; 5/19/55 | &nbsp;&nbsp; 380000<br>| &nbsp;&nbsp;&nbsp; 372385<br>|
| &nbsp;&nbsp;&nbsp; Global Atlantic Fin Co., Senior Notes | &nbsp;&nbsp; 6.750% | &nbsp;&nbsp; 3/15/54 | &nbsp;&nbsp; 500000<br>| &nbsp;&nbsp;&nbsp; 470696<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Global Atlantic Fin Co., Senior Notes (7.250% to 3/1/31 then 5 year Treasury <br> Constant Maturity Rate + 3.550%) | &nbsp;&nbsp; 7.250% | &nbsp;&nbsp; 3/1/56 | &nbsp;&nbsp; 330000<br>| &nbsp;&nbsp;&nbsp; 314579<br> <sup>(a)(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; Liberty Mutual Insurance Co., Subordinated Notes | &nbsp;&nbsp; 7.875% | &nbsp;&nbsp; 10/15/26 | &nbsp;&nbsp; 500000<br>| &nbsp;&nbsp;&nbsp; 510615<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Loews Corp., Senior Notes | &nbsp;&nbsp; 4.940% | &nbsp;&nbsp; 4/1/36 | &nbsp;&nbsp; 100000<br>| &nbsp;&nbsp;&nbsp; 99804<br>|
| &nbsp;&nbsp;&nbsp; Marsh & McLennan Cos. Inc., Senior Notes | &nbsp;&nbsp; 4.950% | &nbsp;&nbsp; 3/15/36 | &nbsp;&nbsp; 370000<br>| &nbsp;&nbsp;&nbsp; 373433<br>|
| &nbsp;&nbsp;&nbsp; Massachusetts Mutual Life Insurance Co., Subordinated Notes | &nbsp;&nbsp; 4.900% | &nbsp;&nbsp; 4/1/77 | &nbsp;&nbsp; 420000<br>| &nbsp;&nbsp;&nbsp; 347980<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; MetLife Inc., Junior Subordinated Notes | &nbsp;&nbsp; 9.250% | &nbsp;&nbsp; 4/8/38 | &nbsp;&nbsp; 159000<br>| &nbsp;&nbsp;&nbsp; 190163<br> <sup>(a)</sup><br>|

---

See Notes to Schedule of Investments.

------

Western Asset Investment Grade Opportunity Trust Inc. 2026 Quarterly Report

------

Schedule of Investments (unaudited) (cont'd)

February 28, 2026

 **Western Asset Investment Grade Opportunity Trust Inc.**

(Percentages shown based on Fund net assets)

---

| | | | | |
|:---|:---|:---|:---|:---|
| Security | Rate | Maturity<br> Date<br>| Face<br> Amount†<br>| Value |
| *Insurance — continued* | *Insurance — continued* | *Insurance — continued* | *Insurance — continued* | *Insurance — continued* |
| &nbsp;&nbsp;&nbsp; MetLife Inc., Subordinated Notes (5.850% to 3/15/36 then 5 year Treasury <br> Constant Maturity Rate + 1.817%) | &nbsp;&nbsp; 5.850% | &nbsp;&nbsp; 3/15/56 | &nbsp;&nbsp; 300000<br>| &nbsp;&nbsp;&nbsp; $298002<br> <sup>(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; MetLife Inc., Subordinated Notes (6.350% to 3/15/35 then 5 year Treasury <br> Constant Maturity Rate + 2.078%) | &nbsp;&nbsp; 6.350% | &nbsp;&nbsp; 3/15/55 | &nbsp;&nbsp; 240000<br>| &nbsp;&nbsp;&nbsp; 249388<br> <sup>(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; Nationwide Mutual Insurance Co., Subordinated Notes | &nbsp;&nbsp; 9.375% | &nbsp;&nbsp; 8/15/39 | &nbsp;&nbsp; 320000<br>| &nbsp;&nbsp;&nbsp; 431154<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Nippon Life Insurance Co., Subordinated Notes (6.500% to 4/30/35 then 5 <br> year Treasury Constant Maturity Rate + 3.189%) | &nbsp;&nbsp; 6.500% | &nbsp;&nbsp; 4/30/55 | &nbsp;&nbsp; 200000<br>| &nbsp;&nbsp;&nbsp; 215198<br> <sup>(a)(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; Northwestern Mutual Life Insurance Co., Subordinated Notes | &nbsp;&nbsp; 6.170% | &nbsp;&nbsp; 5/29/55 | &nbsp;&nbsp; 190000<br>| &nbsp;&nbsp;&nbsp; 205229<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Pacific Life Insurance Co., Subordinated Notes | &nbsp;&nbsp; 5.950% | &nbsp;&nbsp; 9/15/55 | &nbsp;&nbsp; 210000<br>| &nbsp;&nbsp;&nbsp; 213536<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Prudential Financial Inc., Junior Subordinated Notes (6.750% to 3/1/33 then <br> 5 year Treasury Constant Maturity Rate + 2.848%) | &nbsp;&nbsp; 6.750% | &nbsp;&nbsp; 3/1/53 | &nbsp;&nbsp; 270000<br>| &nbsp;&nbsp;&nbsp; 289981<br> <sup>(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; Reinsurance Group of America Inc., Subordinated Notes (6.375% to 9/15/36 <br> then 5 year Treasury Constant Maturity Rate + 2.344%) | &nbsp;&nbsp; 6.375% | &nbsp;&nbsp; 9/15/56 | &nbsp;&nbsp; 100000<br>| &nbsp;&nbsp;&nbsp; 100136<br> <sup>(b)(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; Symetra Life Insurance Co., Subordinated Notes | &nbsp;&nbsp; 6.550% | &nbsp;&nbsp; 10/1/55 | &nbsp;&nbsp; 180000<br>| &nbsp;&nbsp;&nbsp; 187259<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Teachers Insurance & Annuity Association of America, Subordinated Notes | &nbsp;&nbsp; 6.850% | &nbsp;&nbsp; 12/16/39 | &nbsp;&nbsp; 650000<br>| &nbsp;&nbsp;&nbsp; 759013<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Travelers Cos. Inc., Senior Notes | &nbsp;&nbsp; 6.250% | &nbsp;&nbsp; 6/15/37 | &nbsp;&nbsp; 240000<br>| &nbsp;&nbsp;&nbsp; 269027<br>|
| &nbsp;&nbsp;&nbsp; Travelers Cos. Inc., Senior Notes | &nbsp;&nbsp; 5.700% | &nbsp;&nbsp; 7/24/55 | &nbsp;&nbsp; 230000<br>| &nbsp;&nbsp;&nbsp; 236706<br>|
| &nbsp;&nbsp;&nbsp; Wynnton Funding Trust II, Senior Notes | &nbsp;&nbsp; 5.991% | &nbsp;&nbsp; 8/15/55 | &nbsp;&nbsp; 480000<br>| &nbsp;&nbsp;&nbsp; 487278<br> <sup>(a)</sup><br>|
| *Total Insurance* | *Total Insurance* | *Total Insurance* | *Total Insurance* | &nbsp;&nbsp; *8144171* |
| *Mortgage Real Estate Investment Trusts (REITs) — 0.5%* | *Mortgage Real Estate Investment Trusts (REITs) — 0.5%* | *Mortgage Real Estate Investment Trusts (REITs) — 0.5%* | *Mortgage Real Estate Investment Trusts (REITs) — 0.5%* | *Mortgage Real Estate Investment Trusts (REITs) — 0.5%* |
| &nbsp;&nbsp;&nbsp; Blackstone Holdings Finance Co. LLC, Senior Notes | &nbsp;&nbsp; 6.200% | &nbsp;&nbsp; 4/22/33 | &nbsp;&nbsp; 410000<br>| &nbsp;&nbsp;&nbsp; 445588<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Ladder Capital Finance Holdings LLLP/Ladder Capital Finance Corp., Senior <br> Notes | &nbsp;&nbsp; 5.500% | &nbsp;&nbsp; 8/1/30 | &nbsp;&nbsp; 100000<br>| &nbsp;&nbsp;&nbsp; 102759<br>|
| &nbsp;&nbsp;&nbsp; Ladder Capital Finance Holdings LLLP/Ladder Capital Finance Corp., Senior <br> Notes | &nbsp;&nbsp; 7.000% | &nbsp;&nbsp; 7/15/31 | &nbsp;&nbsp; 20000<br>| &nbsp;&nbsp;&nbsp; 21104<br> <sup>(a)</sup><br>|
| *Total Mortgage Real Estate Investment Trusts (REITs)* | *Total Mortgage Real Estate Investment Trusts (REITs)* | *Total Mortgage Real Estate Investment Trusts (REITs)* | *Total Mortgage Real Estate Investment Trusts (REITs)* | &nbsp;&nbsp; *569451* |
| **Total Financials** | **Total Financials** | **Total Financials** | **Total Financials** | &nbsp;&nbsp; **39382714** |
| **Health Care — 6.0%** | **Health Care — 6.0%** | **Health Care — 6.0%** | **Health Care — 6.0%** | **Health Care — 6.0%** |
| *Biotechnology — 1.3%* | *Biotechnology — 1.3%* | *Biotechnology — 1.3%* | *Biotechnology — 1.3%* | *Biotechnology — 1.3%* |
| &nbsp;&nbsp;&nbsp; Amgen Inc., Senior Notes | &nbsp;&nbsp; 5.250% | &nbsp;&nbsp; 3/2/33 | &nbsp;&nbsp; 680000<br>| &nbsp;&nbsp;&nbsp; 712213<br>|
| &nbsp;&nbsp;&nbsp; Amgen Inc., Senior Notes | &nbsp;&nbsp; 5.650% | &nbsp;&nbsp; 3/2/53 | &nbsp;&nbsp; 270000<br>| &nbsp;&nbsp;&nbsp; 269704<br>|
| &nbsp;&nbsp;&nbsp; Amgen Inc., Senior Notes | &nbsp;&nbsp; 5.750% | &nbsp;&nbsp; 3/2/63 | &nbsp;&nbsp; 90000<br>| &nbsp;&nbsp;&nbsp; 89276<br>|
| &nbsp;&nbsp;&nbsp; BioMarin Pharmaceutical Inc., Senior Notes | &nbsp;&nbsp; 5.500% | &nbsp;&nbsp; 2/15/34 | &nbsp;&nbsp; 200000<br>| &nbsp;&nbsp;&nbsp; 201904<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Gilead Sciences Inc., Senior Notes | &nbsp;&nbsp; 5.650% | &nbsp;&nbsp; 12/1/41 | &nbsp;&nbsp; 60000<br>| &nbsp;&nbsp;&nbsp; 62928<br>|
| *Total Biotechnology* | *Total Biotechnology* | *Total Biotechnology* | *Total Biotechnology* | &nbsp;&nbsp; *1336025* |
| *Health Care Equipment & Supplies — 0.4%* | *Health Care Equipment & Supplies — 0.4%* | *Health Care Equipment & Supplies — 0.4%* | *Health Care Equipment & Supplies — 0.4%* | *Health Care Equipment & Supplies — 0.4%* |
| &nbsp;&nbsp;&nbsp; Abbott Laboratories, Senior Notes | &nbsp;&nbsp; 4.300% | &nbsp;&nbsp; 3/15/33 | &nbsp;&nbsp; 180000<br>| &nbsp;&nbsp;&nbsp; 179875<br> <sup>(b)</sup><br>|
| &nbsp;&nbsp;&nbsp; Abbott Laboratories, Senior Notes | &nbsp;&nbsp; 4.650% | &nbsp;&nbsp; 3/15/36 | &nbsp;&nbsp; 110000<br>| &nbsp;&nbsp;&nbsp; 110077<br> <sup>(b)</sup><br>|
| &nbsp;&nbsp;&nbsp; Abbott Laboratories, Senior Notes | &nbsp;&nbsp; 4.750% | &nbsp;&nbsp; 3/15/38 | &nbsp;&nbsp; 120000<br>| &nbsp;&nbsp;&nbsp; 119698<br> <sup>(b)</sup><br>|
| *Total Health Care Equipment & Supplies* | *Total Health Care Equipment & Supplies* | *Total Health Care Equipment & Supplies* | *Total Health Care Equipment & Supplies* | &nbsp;&nbsp; *409650* |
| *Health Care Providers & Services — 2.7%* | *Health Care Providers & Services — 2.7%* | *Health Care Providers & Services — 2.7%* | *Health Care Providers & Services — 2.7%* | *Health Care Providers & Services — 2.7%* |
| &nbsp;&nbsp;&nbsp; Cigna Group, Senior Notes | &nbsp;&nbsp; 4.800% | &nbsp;&nbsp; 8/15/38 | &nbsp;&nbsp; 240000<br>| &nbsp;&nbsp;&nbsp; 232769<br>|
| &nbsp;&nbsp;&nbsp; CommonSpirit Health, Secured Notes | &nbsp;&nbsp; 4.350% | &nbsp;&nbsp; 11/1/42 | &nbsp;&nbsp; 60000<br>| &nbsp;&nbsp;&nbsp; 53819<br>|
| &nbsp;&nbsp;&nbsp; CommonSpirit Health, Secured Notes | &nbsp;&nbsp; 5.662% | &nbsp;&nbsp; 9/1/55 | &nbsp;&nbsp; 120000<br>| &nbsp;&nbsp;&nbsp; 120563<br>|
| &nbsp;&nbsp;&nbsp; CommonSpirit Health, Senior Secured Notes | &nbsp;&nbsp; 5.318% | &nbsp;&nbsp; 12/1/34 | &nbsp;&nbsp; 250000<br>| &nbsp;&nbsp;&nbsp; 258312<br>|
| &nbsp;&nbsp;&nbsp; CVS Health Corp., Junior Subordinated Notes (7.000% to 3/10/30 then 5 <br> year Treasury Constant Maturity Rate + 2.886%) | &nbsp;&nbsp; 7.000% | &nbsp;&nbsp; 3/10/55 | &nbsp;&nbsp; 140000<br>| &nbsp;&nbsp;&nbsp; 147337<br> <sup>(d)</sup><br>|

---

See Notes to Schedule of Investments.

------

Western Asset Investment Grade Opportunity Trust Inc. 2026 Quarterly Report

------

 **Western Asset Investment Grade Opportunity Trust Inc.**

(Percentages shown based on Fund net assets)

---

| | | | | |
|:---|:---|:---|:---|:---|
| Security | Rate | Maturity<br> Date<br>| Face<br> Amount†<br>| Value |
| *Health Care Providers & Services — continued* | *Health Care Providers & Services — continued* | *Health Care Providers & Services — continued* | *Health Care Providers & Services — continued* | *Health Care Providers & Services — continued* |
| &nbsp;&nbsp;&nbsp; CVS Health Corp., Senior Notes | &nbsp;&nbsp; 4.780% | &nbsp;&nbsp; 3/25/38 | &nbsp;&nbsp; 320000<br>| &nbsp;&nbsp;&nbsp; $305896<br>|
| &nbsp;&nbsp;&nbsp; HCA Inc., Senior Notes | &nbsp;&nbsp; 5.125% | &nbsp;&nbsp; 6/15/39 | &nbsp;&nbsp; 100000<br>| &nbsp;&nbsp;&nbsp; 97736<br>|
| &nbsp;&nbsp;&nbsp; HCA Inc., Senior Notes | &nbsp;&nbsp; 5.500% | &nbsp;&nbsp; 6/15/47 | &nbsp;&nbsp; 210000<br>| &nbsp;&nbsp;&nbsp; 200851<br>|
| &nbsp;&nbsp;&nbsp; HCA Inc., Senior Notes | &nbsp;&nbsp; 5.250% | &nbsp;&nbsp; 6/15/49 | &nbsp;&nbsp; 310000<br>| &nbsp;&nbsp;&nbsp; 284470<br>|
| &nbsp;&nbsp;&nbsp; HCA Inc., Senior Notes | &nbsp;&nbsp; 6.200% | &nbsp;&nbsp; 3/1/55 | &nbsp;&nbsp; 320000<br>| &nbsp;&nbsp;&nbsp; 328929<br>|
| &nbsp;&nbsp;&nbsp; Orlando Health Obligated Group, Senior Notes | &nbsp;&nbsp; 5.475% | &nbsp;&nbsp; 10/1/35 | &nbsp;&nbsp; 170000<br>| &nbsp;&nbsp;&nbsp; 180925<br>|
| &nbsp;&nbsp;&nbsp; TEAM Services Holding Inc., Senior Secured Notes | &nbsp;&nbsp; 9.000% | &nbsp;&nbsp; 2/15/33 | &nbsp;&nbsp; 120000<br>| &nbsp;&nbsp;&nbsp; 117475<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; UnitedHealth Group Inc., Senior Notes | &nbsp;&nbsp; 5.300% | &nbsp;&nbsp; 6/15/35 | &nbsp;&nbsp; 80000<br>| &nbsp;&nbsp;&nbsp; 83511<br>|
| &nbsp;&nbsp;&nbsp; UnitedHealth Group Inc., Senior Notes | &nbsp;&nbsp; 5.500% | &nbsp;&nbsp; 7/15/44 | &nbsp;&nbsp; 180000<br>| &nbsp;&nbsp;&nbsp; 179427<br>|
| &nbsp;&nbsp;&nbsp; UnitedHealth Group Inc., Senior Notes | &nbsp;&nbsp; 5.625% | &nbsp;&nbsp; 7/15/54 | &nbsp;&nbsp; 230000<br>| &nbsp;&nbsp;&nbsp; 227077<br>|
| &nbsp;&nbsp;&nbsp; UnitedHealth Group Inc., Senior Notes | &nbsp;&nbsp; 5.950% | &nbsp;&nbsp; 6/15/55 | &nbsp;&nbsp; 70000<br>| &nbsp;&nbsp;&nbsp; 72543<br>|
| *Total Health Care Providers & Services* | *Total Health Care Providers & Services* | *Total Health Care Providers & Services* | *Total Health Care Providers & Services* | &nbsp;&nbsp; *2891640* |
| *Pharmaceuticals — 1.6%* | *Pharmaceuticals — 1.6%* | *Pharmaceuticals — 1.6%* | *Pharmaceuticals — 1.6%* | *Pharmaceuticals — 1.6%* |
| &nbsp;&nbsp;&nbsp; Astrazeneca Finance LLC, Senior Notes | &nbsp;&nbsp; 4.600% | &nbsp;&nbsp; 3/2/36 | &nbsp;&nbsp; 130000<br>| &nbsp;&nbsp;&nbsp; 130184<br> <sup>(b)</sup><br>|
| &nbsp;&nbsp;&nbsp; Bausch Health Cos. Inc., Senior Notes | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 1/30/28 | &nbsp;&nbsp; 130000<br>| &nbsp;&nbsp;&nbsp; 113206<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Pfizer Inc., Senior Notes | &nbsp;&nbsp; 7.200% | &nbsp;&nbsp; 3/15/39 | &nbsp;&nbsp; 330000<br>| &nbsp;&nbsp;&nbsp; 398825<br>|
| &nbsp;&nbsp;&nbsp; Teva Pharmaceutical Finance Netherlands III BV, Senior Notes | &nbsp;&nbsp; 8.125% | &nbsp;&nbsp; 9/15/31 | &nbsp;&nbsp; 320000<br>| &nbsp;&nbsp;&nbsp; 367752<br>|
| &nbsp;&nbsp;&nbsp; Wyeth LLC, Senior Notes | &nbsp;&nbsp; 5.950% | &nbsp;&nbsp; 4/1/37 | &nbsp;&nbsp; 650000<br>| &nbsp;&nbsp;&nbsp; 711224<br>|
| *Total Pharmaceuticals* | *Total Pharmaceuticals* | *Total Pharmaceuticals* | *Total Pharmaceuticals* | &nbsp;&nbsp; *1721191* |
| **Total Health Care** | **Total Health Care** | **Total Health Care** | **Total Health Care** | &nbsp;&nbsp; **6358506** |
| **Industrials — 6.9%** | **Industrials — 6.9%** | **Industrials — 6.9%** | **Industrials — 6.9%** | **Industrials — 6.9%** |
| *Aerospace & Defense — 2.0%* | *Aerospace & Defense — 2.0%* | *Aerospace & Defense — 2.0%* | *Aerospace & Defense — 2.0%* | *Aerospace & Defense — 2.0%* |
| &nbsp;&nbsp;&nbsp; Boeing Co., Senior Notes | &nbsp;&nbsp; 6.528% | &nbsp;&nbsp; 5/1/34 | &nbsp;&nbsp; 720000<br>| &nbsp;&nbsp;&nbsp; 807500<br>|
| &nbsp;&nbsp;&nbsp; Boeing Co., Senior Notes | &nbsp;&nbsp; 5.705% | &nbsp;&nbsp; 5/1/40 | &nbsp;&nbsp; 190000<br>| &nbsp;&nbsp;&nbsp; 197777<br>|
| &nbsp;&nbsp;&nbsp; General Electric Co., Senior Notes | &nbsp;&nbsp; 4.900% | &nbsp;&nbsp; 1/29/36 | &nbsp;&nbsp; 220000<br>| &nbsp;&nbsp;&nbsp; 225754<br>|
| &nbsp;&nbsp;&nbsp; General Electric Co., Senior Notes | &nbsp;&nbsp; 6.875% | &nbsp;&nbsp; 1/10/39 | &nbsp;&nbsp; 143000<br>| &nbsp;&nbsp;&nbsp; 170463<br>|
| &nbsp;&nbsp;&nbsp; HEICO Corp., Senior Notes | &nbsp;&nbsp; 5.350% | &nbsp;&nbsp; 8/1/33 | &nbsp;&nbsp; 280000<br>| &nbsp;&nbsp;&nbsp; 293980<br>|
| &nbsp;&nbsp;&nbsp; Hexcel Corp., Senior Notes | &nbsp;&nbsp; 5.875% | &nbsp;&nbsp; 2/26/35 | &nbsp;&nbsp; 230000<br>| &nbsp;&nbsp;&nbsp; 245348<br>|
| &nbsp;&nbsp;&nbsp; L3Harris Technologies Inc., Senior Notes | &nbsp;&nbsp; 5.400% | &nbsp;&nbsp; 7/31/33 | &nbsp;&nbsp; 170000<br>| &nbsp;&nbsp;&nbsp; 179156<br>|
| *Total Aerospace & Defense* | *Total Aerospace & Defense* | *Total Aerospace & Defense* | *Total Aerospace & Defense* | &nbsp;&nbsp; *2119978* |
| *Air Freight & Logistics — 0.6%* | *Air Freight & Logistics — 0.6%* | *Air Freight & Logistics — 0.6%* | *Air Freight & Logistics — 0.6%* | *Air Freight & Logistics — 0.6%* |
| &nbsp;&nbsp;&nbsp; United Parcel Service Inc., Senior Notes | &nbsp;&nbsp; 6.200% | &nbsp;&nbsp; 1/15/38 | &nbsp;&nbsp; 410000<br>| &nbsp;&nbsp;&nbsp; 460974<br>|
| &nbsp;&nbsp;&nbsp; United Parcel Service Inc., Senior Notes | &nbsp;&nbsp; 5.950% | &nbsp;&nbsp; 5/14/55 | &nbsp;&nbsp; 150000<br>| &nbsp;&nbsp;&nbsp; 157633<br>|
| *Total Air Freight & Logistics* | *Total Air Freight & Logistics* | *Total Air Freight & Logistics* | *Total Air Freight & Logistics* | &nbsp;&nbsp; *618607* |
| *Building Products — 0.3%* | *Building Products — 0.3%* | *Building Products — 0.3%* | *Building Products — 0.3%* | *Building Products — 0.3%* |
| &nbsp;&nbsp;&nbsp; Quikrete Holdings Inc., Senior Secured Notes | &nbsp;&nbsp; 6.375% | &nbsp;&nbsp; 3/1/32 | &nbsp;&nbsp; 290000<br>| &nbsp;&nbsp;&nbsp;&nbsp; *301585*<br> <sup>(a)</sup><br>|
| *Commercial Services & Supplies — 0.1%* | *Commercial Services & Supplies — 0.1%* | *Commercial Services & Supplies — 0.1%* | *Commercial Services & Supplies — 0.1%* | *Commercial Services & Supplies — 0.1%* |
| &nbsp;&nbsp;&nbsp; Rollins Inc., Senior Notes | &nbsp;&nbsp; 5.250% | &nbsp;&nbsp; 2/24/35 | &nbsp;&nbsp; 90000<br>| &nbsp;&nbsp;&nbsp; *92554*<br>|
| *Construction & Engineering — 0.2%* | *Construction & Engineering — 0.2%* | *Construction & Engineering — 0.2%* | *Construction & Engineering — 0.2%* | *Construction & Engineering — 0.2%* |
| &nbsp;&nbsp;&nbsp; AECOM, Senior Notes | &nbsp;&nbsp; 6.000% | &nbsp;&nbsp; 8/1/33 | &nbsp;&nbsp; 190000<br>| &nbsp;&nbsp;&nbsp;&nbsp; *194266*<br> <sup>(a)</sup><br>|
| *Electrical Equipment — 0.2%* | *Electrical Equipment — 0.2%* | *Electrical Equipment — 0.2%* | *Electrical Equipment — 0.2%* | *Electrical Equipment — 0.2%* |
| &nbsp;&nbsp;&nbsp; GE Vernova Inc., Senior Notes | &nbsp;&nbsp; 4.875% | &nbsp;&nbsp; 2/4/36 | &nbsp;&nbsp; 120000<br>| &nbsp;&nbsp;&nbsp; 121565<br>|
| &nbsp;&nbsp;&nbsp; GE Vernova Inc., Senior Notes | &nbsp;&nbsp; 5.500% | &nbsp;&nbsp; 2/4/56 | &nbsp;&nbsp; 70000<br>| &nbsp;&nbsp;&nbsp; 69500<br>|
| *Total Electrical Equipment* | *Total Electrical Equipment* | *Total Electrical Equipment* | *Total Electrical Equipment* | &nbsp;&nbsp; *191065* |
| *Ground Transportation — 0.3%* | *Ground Transportation — 0.3%* | *Ground Transportation — 0.3%* | *Ground Transportation — 0.3%* | *Ground Transportation — 0.3%* |
| &nbsp;&nbsp;&nbsp; Fedex Freight Holding Co. Inc., Senior Notes | &nbsp;&nbsp; 4.650% | &nbsp;&nbsp; 3/15/31 | &nbsp;&nbsp; 120000<br>| &nbsp;&nbsp;&nbsp; 120705<br> <sup>(a)</sup><br>|

---

See Notes to Schedule of Investments.

------

Western Asset Investment Grade Opportunity Trust Inc. 2026 Quarterly Report

------

Schedule of Investments (unaudited) (cont'd)

February 28, 2026

 **Western Asset Investment Grade Opportunity Trust Inc.**

(Percentages shown based on Fund net assets)

---

| | | | | |
|:---|:---|:---|:---|:---|
| Security | Rate | Maturity<br> Date<br>| Face<br> Amount†<br>| Value |
| *Ground Transportation — continued* | *Ground Transportation — continued* | *Ground Transportation — continued* | *Ground Transportation — continued* | *Ground Transportation — continued* |
| &nbsp;&nbsp;&nbsp; Fedex Freight Holding Co. Inc., Senior Notes | &nbsp;&nbsp; 4.950% | &nbsp;&nbsp; 3/15/33 | &nbsp;&nbsp; 60000<br>| &nbsp;&nbsp;&nbsp; $60019<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Fedex Freight Holding Co. Inc., Senior Notes | &nbsp;&nbsp; 5.250% | &nbsp;&nbsp; 3/15/36 | &nbsp;&nbsp; 110000<br>| &nbsp;&nbsp;&nbsp; 109702<br> <sup>(a)</sup><br>|
| *Total Ground Transportation* | *Total Ground Transportation* | *Total Ground Transportation* | *Total Ground Transportation* | &nbsp;&nbsp; *290426* |
| *Industrial Conglomerates — 0.5%* | *Industrial Conglomerates — 0.5%* | *Industrial Conglomerates — 0.5%* | *Industrial Conglomerates — 0.5%* | *Industrial Conglomerates — 0.5%* |
| &nbsp;&nbsp;&nbsp; Honeywell International Inc., Senior Notes | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 2/15/33 | &nbsp;&nbsp; 540000<br>| &nbsp;&nbsp;&nbsp; *563474*<br>|
| *Machinery — 0.2%* | *Machinery — 0.2%* | *Machinery — 0.2%* | *Machinery — 0.2%* | *Machinery — 0.2%* |
| &nbsp;&nbsp;&nbsp; Otis Worldwide Corp., Senior Notes | &nbsp;&nbsp; 5.125% | &nbsp;&nbsp; 11/19/31 | &nbsp;&nbsp; 190000<br>| &nbsp;&nbsp;&nbsp; *198899*<br>|
| *Passenger Airlines — 1.1%* | *Passenger Airlines — 1.1%* | *Passenger Airlines — 1.1%* | *Passenger Airlines — 1.1%* | *Passenger Airlines — 1.1%* |
| &nbsp;&nbsp;&nbsp; American Airlines Inc./AAdvantage Loyalty IP Ltd., Senior Secured Notes | &nbsp;&nbsp; 5.500% | &nbsp;&nbsp; 4/20/26 | &nbsp;&nbsp; 14167<br>| &nbsp;&nbsp;&nbsp; 14195<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; American Airlines Pass-Through Trust | &nbsp;&nbsp; 5.650% | &nbsp;&nbsp; 11/11/34 | &nbsp;&nbsp; 90000<br>| &nbsp;&nbsp;&nbsp; 92407<br>|
| &nbsp;&nbsp;&nbsp; American Airlines Pass-Through Trust | &nbsp;&nbsp; 4.900% | &nbsp;&nbsp; 5/11/38 | &nbsp;&nbsp; 120000<br>| &nbsp;&nbsp;&nbsp; 120872<br>|
| &nbsp;&nbsp;&nbsp; Southwest Airlines Co., Senior Notes | &nbsp;&nbsp; 5.125% | &nbsp;&nbsp; 6/15/27 | &nbsp;&nbsp; 170000<br>| &nbsp;&nbsp;&nbsp; 172042<br>|
| &nbsp;&nbsp;&nbsp; Southwest Airlines Co., Senior Notes | &nbsp;&nbsp; 5.250% | &nbsp;&nbsp; 11/15/35 | &nbsp;&nbsp; 320000<br>| &nbsp;&nbsp;&nbsp; 317515<br>|
| &nbsp;&nbsp;&nbsp; United Airlines Holdings Inc., Senior Notes | &nbsp;&nbsp; 5.375% | &nbsp;&nbsp; 3/1/31 | &nbsp;&nbsp; 120000<br>| &nbsp;&nbsp;&nbsp; 122497<br>|
| &nbsp;&nbsp;&nbsp; United Airlines Inc., Senior Secured Notes | &nbsp;&nbsp; 4.625% | &nbsp;&nbsp; 4/15/29 | &nbsp;&nbsp; 370000<br>| &nbsp;&nbsp;&nbsp; 369967<br> <sup>(a)</sup><br>|
| *Total Passenger Airlines* | *Total Passenger Airlines* | *Total Passenger Airlines* | *Total Passenger Airlines* | &nbsp;&nbsp; *1209495* |
| *Trading Companies & Distributors — 1.4%* | *Trading Companies & Distributors — 1.4%* | *Trading Companies & Distributors — 1.4%* | *Trading Companies & Distributors — 1.4%* | *Trading Companies & Distributors — 1.4%* |
| &nbsp;&nbsp;&nbsp; Air Lease Corp., Senior Notes | &nbsp;&nbsp; 5.850% | &nbsp;&nbsp; 12/15/27 | &nbsp;&nbsp; 480000<br>| &nbsp;&nbsp;&nbsp; 494563<br>|
| &nbsp;&nbsp;&nbsp; Air Lease Corp., Senior Notes | &nbsp;&nbsp; 4.625% | &nbsp;&nbsp; 10/1/28 | &nbsp;&nbsp; 500000<br>| &nbsp;&nbsp;&nbsp; 504831<br>|
| &nbsp;&nbsp;&nbsp; Aircastle Ltd./Aircastle Ireland DAC, Senior Notes | &nbsp;&nbsp; 5.750% | &nbsp;&nbsp; 10/1/31 | &nbsp;&nbsp; 250000<br>| &nbsp;&nbsp;&nbsp; 263571<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; United Rentals North America Inc., Senior Notes | &nbsp;&nbsp; 5.250% | &nbsp;&nbsp; 1/15/30 | &nbsp;&nbsp; 250000<br>| &nbsp;&nbsp;&nbsp; 252960<br>|
| *Total Trading Companies & Distributors* | *Total Trading Companies & Distributors* | *Total Trading Companies & Distributors* | *Total Trading Companies & Distributors* | &nbsp;&nbsp; *1515925* |
| **Total Industrials** | **Total Industrials** | **Total Industrials** | **Total Industrials** | &nbsp;&nbsp; **7296274** |
| **Information Technology — 3.7%** | **Information Technology — 3.7%** | **Information Technology — 3.7%** | **Information Technology — 3.7%** | **Information Technology — 3.7%** |
| *Electronic Equipment, Instruments & Components — 0.1%* | *Electronic Equipment, Instruments & Components — 0.1%* | *Electronic Equipment, Instruments & Components — 0.1%* | *Electronic Equipment, Instruments & Components — 0.1%* | *Electronic Equipment, Instruments & Components — 0.1%* |
| &nbsp;&nbsp;&nbsp; Amphenol Corp., Senior Notes | &nbsp;&nbsp; 5.300% | &nbsp;&nbsp; 11/15/55 | &nbsp;&nbsp; 90000<br>| &nbsp;&nbsp;&nbsp; *87233*<br>|
| *Semiconductors & Semiconductor Equipment — 1.9%* | *Semiconductors & Semiconductor Equipment — 1.9%* | *Semiconductors & Semiconductor Equipment — 1.9%* | *Semiconductors & Semiconductor Equipment — 1.9%* | *Semiconductors & Semiconductor Equipment — 1.9%* |
| &nbsp;&nbsp;&nbsp; Broadcom Inc., Senior Notes | &nbsp;&nbsp; 4.950% | &nbsp;&nbsp; 1/15/36 | &nbsp;&nbsp; 290000<br>| &nbsp;&nbsp;&nbsp; 294360<br>|
| &nbsp;&nbsp;&nbsp; Broadcom Inc., Senior Notes | &nbsp;&nbsp; 4.926% | &nbsp;&nbsp; 5/15/37 | &nbsp;&nbsp; 239000<br>| &nbsp;&nbsp;&nbsp; 239162<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Broadcom Inc., Senior Notes | &nbsp;&nbsp; 4.900% | &nbsp;&nbsp; 2/15/38 | &nbsp;&nbsp; 160000<br>| &nbsp;&nbsp;&nbsp; 159187<br>|
| &nbsp;&nbsp;&nbsp; Broadcom Inc., Senior Notes | &nbsp;&nbsp; 5.700% | &nbsp;&nbsp; 1/15/56 | &nbsp;&nbsp; 40000<br>| &nbsp;&nbsp;&nbsp; 41104<br>|
| &nbsp;&nbsp;&nbsp; Foundry JV Holdco LLC, Senior Secured Notes | &nbsp;&nbsp; 5.900% | &nbsp;&nbsp; 1/25/33 | &nbsp;&nbsp; 200000<br>| &nbsp;&nbsp;&nbsp; 212094<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Foundry JV Holdco LLC, Senior Secured Notes | &nbsp;&nbsp; 6.250% | &nbsp;&nbsp; 1/25/35 | &nbsp;&nbsp; 350000<br>| &nbsp;&nbsp;&nbsp; 377219<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Foundry JV Holdco LLC, Senior Secured Notes | &nbsp;&nbsp; 6.100% | &nbsp;&nbsp; 1/25/36 | &nbsp;&nbsp; 200000<br>| &nbsp;&nbsp;&nbsp; 213761<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Intel Corp., Senior Notes | &nbsp;&nbsp; 4.900% | &nbsp;&nbsp; 7/29/45 | &nbsp;&nbsp; 120000<br>| &nbsp;&nbsp;&nbsp; 105628<br>|
| &nbsp;&nbsp;&nbsp; Intel Corp., Senior Notes | &nbsp;&nbsp; 5.700% | &nbsp;&nbsp; 2/10/53 | &nbsp;&nbsp; 50000<br>| &nbsp;&nbsp;&nbsp; 47526<br>|
| &nbsp;&nbsp;&nbsp; Intel Corp., Senior Notes | &nbsp;&nbsp; 4.950% | &nbsp;&nbsp; 3/25/60 | &nbsp;&nbsp; 100000<br>| &nbsp;&nbsp;&nbsp; 83095<br>|
| &nbsp;&nbsp;&nbsp; Micron Technology Inc., Senior Notes | &nbsp;&nbsp; 5.800% | &nbsp;&nbsp; 1/15/35 | &nbsp;&nbsp; 160000<br>| &nbsp;&nbsp;&nbsp; 171404<br>|
| &nbsp;&nbsp;&nbsp; Micron Technology Inc., Senior Notes | &nbsp;&nbsp; 6.050% | &nbsp;&nbsp; 11/1/35 | &nbsp;&nbsp; 120000<br>| &nbsp;&nbsp;&nbsp; 130401<br>|
| *Total Semiconductors & Semiconductor Equipment* | *Total Semiconductors & Semiconductor Equipment* | *Total Semiconductors & Semiconductor Equipment* | *Total Semiconductors & Semiconductor Equipment* | &nbsp;&nbsp; *2074941* |
| *Software — 1.6%* | *Software — 1.6%* | *Software — 1.6%* | *Software — 1.6%* | *Software — 1.6%* |
| &nbsp;&nbsp;&nbsp; Autodesk Inc., Senior Notes | &nbsp;&nbsp; 5.300% | &nbsp;&nbsp; 6/15/35 | &nbsp;&nbsp; 80000<br>| &nbsp;&nbsp;&nbsp; 82007<br>|
| &nbsp;&nbsp;&nbsp; Oracle Corp., Senior Notes | &nbsp;&nbsp; 4.950% | &nbsp;&nbsp; 2/4/31 | &nbsp;&nbsp; 30000<br>| &nbsp;&nbsp;&nbsp; 29947<br>|
| &nbsp;&nbsp;&nbsp; Oracle Corp., Senior Notes | &nbsp;&nbsp; 5.350% | &nbsp;&nbsp; 5/4/33 | &nbsp;&nbsp; 70000<br>| &nbsp;&nbsp;&nbsp; 70257<br>|
| &nbsp;&nbsp;&nbsp; Oracle Corp., Senior Notes | &nbsp;&nbsp; 5.200% | &nbsp;&nbsp; 9/26/35 | &nbsp;&nbsp; 30000<br>| &nbsp;&nbsp;&nbsp; 29001<br>|
| &nbsp;&nbsp;&nbsp; Oracle Corp., Senior Notes | &nbsp;&nbsp; 5.875% | &nbsp;&nbsp; 9/26/45 | &nbsp;&nbsp; 270000<br>| &nbsp;&nbsp;&nbsp; 244783<br>|

---

See Notes to Schedule of Investments.

------

Western Asset Investment Grade Opportunity Trust Inc. 2026 Quarterly Report

------

 **Western Asset Investment Grade Opportunity Trust Inc.**

(Percentages shown based on Fund net assets)

---

| | | | | |
|:---|:---|:---|:---|:---|
| Security | Rate | Maturity<br> Date<br>| Face<br> Amount†<br>| Value |
| *Software — continued* | *Software — continued* | *Software — continued* | *Software — continued* | *Software — continued* |
| &nbsp;&nbsp;&nbsp; Oracle Corp., Senior Notes | &nbsp;&nbsp; 6.000% | &nbsp;&nbsp; 8/3/55 | &nbsp;&nbsp; 530000<br>| &nbsp;&nbsp;&nbsp; $467180<br>|
| &nbsp;&nbsp;&nbsp; Oracle Corp., Senior Notes | &nbsp;&nbsp; 5.950% | &nbsp;&nbsp; 9/26/55 | &nbsp;&nbsp; 280000<br>| &nbsp;&nbsp;&nbsp; 246579<br>|
| &nbsp;&nbsp;&nbsp; Oracle Corp., Senior Notes | &nbsp;&nbsp; 6.850% | &nbsp;&nbsp; 2/4/66 | &nbsp;&nbsp; 130000<br>| &nbsp;&nbsp;&nbsp; 124624<br>|
| &nbsp;&nbsp;&nbsp; Synopsys Inc., Senior Notes | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 4/1/32 | &nbsp;&nbsp; 100000<br>| &nbsp;&nbsp;&nbsp; 103140<br>|
| &nbsp;&nbsp;&nbsp; Synopsys Inc., Senior Notes | &nbsp;&nbsp; 5.150% | &nbsp;&nbsp; 4/1/35 | &nbsp;&nbsp; 170000<br>| &nbsp;&nbsp;&nbsp; 174177<br>|
| &nbsp;&nbsp;&nbsp; Synopsys Inc., Senior Notes | &nbsp;&nbsp; 5.700% | &nbsp;&nbsp; 4/1/55 | &nbsp;&nbsp; 100000<br>| &nbsp;&nbsp;&nbsp; 100013<br>|
| *Total Software* | *Total Software* | *Total Software* | *Total Software* | &nbsp;&nbsp; *1671708* |
| *Technology Hardware, Storage & Peripherals — 0.1%* | *Technology Hardware, Storage & Peripherals — 0.1%* | *Technology Hardware, Storage & Peripherals — 0.1%* | *Technology Hardware, Storage & Peripherals — 0.1%* | *Technology Hardware, Storage & Peripherals — 0.1%* |
| &nbsp;&nbsp;&nbsp; Hewlett Packard Enterprise Co., Senior Notes | &nbsp;&nbsp; 5.600% | &nbsp;&nbsp; 10/15/54 | &nbsp;&nbsp; 90000<br>| &nbsp;&nbsp;&nbsp; *82886*<br>|
| **Total Information Technology** | **Total Information Technology** | **Total Information Technology** | **Total Information Technology** | &nbsp;&nbsp; **3916768** |
| **Materials — 2.0%** | **Materials — 2.0%** | **Materials — 2.0%** | **Materials — 2.0%** | **Materials — 2.0%** |
| *Chemicals — 0.4%* | *Chemicals — 0.4%* | *Chemicals — 0.4%* | *Chemicals — 0.4%* | *Chemicals — 0.4%* |
| &nbsp;&nbsp;&nbsp; Celanese US Holdings LLC, Senior Notes | &nbsp;&nbsp; 7.000% | &nbsp;&nbsp; 2/15/31 | &nbsp;&nbsp; 60000<br>| &nbsp;&nbsp;&nbsp; 61835<br>|
| &nbsp;&nbsp;&nbsp; OCP SA, Senior Notes | &nbsp;&nbsp; 6.750% | &nbsp;&nbsp; 5/2/34 | &nbsp;&nbsp; 390000<br>| &nbsp;&nbsp;&nbsp; 422810<br> <sup>(a)</sup><br>|
| *Total Chemicals* | *Total Chemicals* | *Total Chemicals* | *Total Chemicals* | &nbsp;&nbsp; *484645* |
| *Construction Materials — 0.3%* | *Construction Materials — 0.3%* | *Construction Materials — 0.3%* | *Construction Materials — 0.3%* | *Construction Materials — 0.3%* |
| &nbsp;&nbsp;&nbsp; Amrize Finance US LLC, Senior Notes | &nbsp;&nbsp; 5.400% | &nbsp;&nbsp; 4/7/35 | &nbsp;&nbsp; 170000<br>| &nbsp;&nbsp;&nbsp; 177841<br>|
| &nbsp;&nbsp;&nbsp; CRH America Finance Inc., Senior Notes | &nbsp;&nbsp; 5.600% | &nbsp;&nbsp; 2/9/56 | &nbsp;&nbsp; 120000<br>| &nbsp;&nbsp;&nbsp; 120042<br>|
| *Total Construction Materials* | *Total Construction Materials* | *Total Construction Materials* | *Total Construction Materials* | &nbsp;&nbsp; *297883* |
| *Metals & Mining — 1.2%* | *Metals & Mining — 1.2%* | *Metals & Mining — 1.2%* | *Metals & Mining — 1.2%* | *Metals & Mining — 1.2%* |
| &nbsp;&nbsp;&nbsp; ArcelorMittal SA, Senior Notes | &nbsp;&nbsp; 6.550% | &nbsp;&nbsp; 11/29/27 | &nbsp;&nbsp; 140000<br>| &nbsp;&nbsp;&nbsp; 145623<br>|
| &nbsp;&nbsp;&nbsp; Capstone Copper Corp., Senior Notes | &nbsp;&nbsp; 6.750% | &nbsp;&nbsp; 3/31/33 | &nbsp;&nbsp; 30000<br>| &nbsp;&nbsp;&nbsp; 31024<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; First Quantum Minerals Ltd., Senior Notes | &nbsp;&nbsp; 7.250% | &nbsp;&nbsp; 2/15/34 | &nbsp;&nbsp; 260000<br>| &nbsp;&nbsp;&nbsp; 272435<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; First Quantum Minerals Ltd., Senior Notes | &nbsp;&nbsp; 6.375% | &nbsp;&nbsp; 2/15/36 | &nbsp;&nbsp; 300000<br>| &nbsp;&nbsp;&nbsp; 301201<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Freeport-McMoRan Inc., Senior Notes | &nbsp;&nbsp; 5.450% | &nbsp;&nbsp; 3/15/43 | &nbsp;&nbsp; 410000<br>| &nbsp;&nbsp;&nbsp; 405884<br>|
| &nbsp;&nbsp;&nbsp; Glencore Funding LLC, Senior Notes | &nbsp;&nbsp; 6.141% | &nbsp;&nbsp; 4/1/55 | &nbsp;&nbsp; 120000<br>| &nbsp;&nbsp;&nbsp; 126852<br> <sup>(a)</sup><br>|
| *Total Metals & Mining* | *Total Metals & Mining* | *Total Metals & Mining* | *Total Metals & Mining* | &nbsp;&nbsp; *1283019* |
| *Paper & Forest Products — 0.1%* | *Paper & Forest Products — 0.1%* | *Paper & Forest Products — 0.1%* | *Paper & Forest Products — 0.1%* | *Paper & Forest Products — 0.1%* |
| &nbsp;&nbsp;&nbsp; Georgia-Pacific LLC, Senior Notes | &nbsp;&nbsp; 4.950% | &nbsp;&nbsp; 6/30/32 | &nbsp;&nbsp; 80000<br>| &nbsp;&nbsp;&nbsp;&nbsp; *83152*<br> <sup>(a)</sup><br>|
| **Total Materials** | **Total Materials** | **Total Materials** | **Total Materials** | &nbsp;&nbsp; **2148699** |
| **Real Estate — 0.8%** | **Real Estate — 0.8%** | **Real Estate — 0.8%** | **Real Estate — 0.8%** | **Real Estate — 0.8%** |
| *Diversified REITs — 0.2%* | *Diversified REITs — 0.2%* | *Diversified REITs — 0.2%* | *Diversified REITs — 0.2%* | *Diversified REITs — 0.2%* |
| &nbsp;&nbsp;&nbsp; VICI Properties LP, Senior Notes | &nbsp;&nbsp; 5.750% | &nbsp;&nbsp; 4/1/34 | &nbsp;&nbsp; 170000<br>| &nbsp;&nbsp;&nbsp; *176716*<br>|
| *Industrial REITs — 0.2%* | *Industrial REITs — 0.2%* | *Industrial REITs — 0.2%* | *Industrial REITs — 0.2%* | *Industrial REITs — 0.2%* |
| &nbsp;&nbsp;&nbsp; Prologis LP, Senior Notes | &nbsp;&nbsp; 5.250% | &nbsp;&nbsp; 3/15/54 | &nbsp;&nbsp; 200000<br>| &nbsp;&nbsp;&nbsp; *192896*<br>|
| *Real Estate Management & Development — 0.1%* | *Real Estate Management & Development — 0.1%* | *Real Estate Management & Development — 0.1%* | *Real Estate Management & Development — 0.1%* | *Real Estate Management & Development — 0.1%* |
| &nbsp;&nbsp;&nbsp; Five Point Operating Co. LP, Senior Notes | &nbsp;&nbsp; 8.000% | &nbsp;&nbsp; 10/1/30 | &nbsp;&nbsp; 110000<br>| &nbsp;&nbsp;&nbsp;&nbsp; *113991*<br> <sup>(a)</sup><br>|
| *Specialized REITs — 0.3%* | *Specialized REITs — 0.3%* | *Specialized REITs — 0.3%* | *Specialized REITs — 0.3%* | *Specialized REITs — 0.3%* |
| &nbsp;&nbsp;&nbsp; Millrose Properties Inc., Senior Notes | &nbsp;&nbsp; 6.375% | &nbsp;&nbsp; 8/1/30 | &nbsp;&nbsp; 370000<br>| &nbsp;&nbsp;&nbsp;&nbsp; *379805*<br> <sup>(a)</sup><br>|
| **Total Real Estate** | **Total Real Estate** | **Total Real Estate** | **Total Real Estate** | &nbsp;&nbsp; **863408** |
| **Utilities — 7.5%** | **Utilities — 7.5%** | **Utilities — 7.5%** | **Utilities — 7.5%** | **Utilities — 7.5%** |
| *Electric Utilities — 6.6%* | *Electric Utilities — 6.6%* | *Electric Utilities — 6.6%* | *Electric Utilities — 6.6%* | *Electric Utilities — 6.6%* |
| &nbsp;&nbsp;&nbsp; Alliant Energy Corp., Junior Subordinated Notes (5.750% to 4/1/31 then 5 <br> year Treasury Constant Maturity Rate + 2.077%) | &nbsp;&nbsp; 5.750% | &nbsp;&nbsp; 4/1/56 | &nbsp;&nbsp; 90000<br>| &nbsp;&nbsp;&nbsp; 89727<br> <sup>(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; Baltimore Gas and Electric Co., Senior Notes | &nbsp;&nbsp; 5.450% | &nbsp;&nbsp; 6/1/35 | &nbsp;&nbsp; 310000<br>| &nbsp;&nbsp;&nbsp; 325499<br>|
| &nbsp;&nbsp;&nbsp; CenterPoint Energy Houston Electric LLC, Senior Secured Bonds | &nbsp;&nbsp; 4.800% | &nbsp;&nbsp; 3/15/30 | &nbsp;&nbsp; 240000<br>| &nbsp;&nbsp;&nbsp; 247654<br>|

---

See Notes to Schedule of Investments.

------

Western Asset Investment Grade Opportunity Trust Inc. 2026 Quarterly Report

------

Schedule of Investments (unaudited) (cont'd)

February 28, 2026

 **Western Asset Investment Grade Opportunity Trust Inc.**

(Percentages shown based on Fund net assets)

---

| | | | | |
|:---|:---|:---|:---|:---|
| Security | Rate | Maturity<br> Date<br>| Face<br> Amount†<br>| Value |
| *Electric Utilities — continued* | *Electric Utilities — continued* | *Electric Utilities — continued* | *Electric Utilities — continued* | *Electric Utilities — continued* |
| &nbsp;&nbsp;&nbsp; Comision Federal de Electricidad, Senior Notes | &nbsp;&nbsp; 6.045% | &nbsp;&nbsp; 1/28/34 | &nbsp;&nbsp; 200000<br>| &nbsp;&nbsp;&nbsp; $202500<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Comision Federal de Electricidad, Senior Notes | &nbsp;&nbsp; 6.450% | &nbsp;&nbsp; 1/24/35 | &nbsp;&nbsp; 450000<br>| &nbsp;&nbsp;&nbsp; 466556<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Commonwealth Edison Co., First Mortgage Bonds | &nbsp;&nbsp; 6.450% | &nbsp;&nbsp; 1/15/38 | &nbsp;&nbsp; 350000<br>| &nbsp;&nbsp;&nbsp; 396794<br>|
| &nbsp;&nbsp;&nbsp; Commonwealth Edison Co., First Mortgage Bonds | &nbsp;&nbsp; 5.950% | &nbsp;&nbsp; 6/1/55 | &nbsp;&nbsp; 200000<br>| &nbsp;&nbsp;&nbsp; 209157<br>|
| &nbsp;&nbsp;&nbsp; Constellation Energy Generation LLC, Senior Notes | &nbsp;&nbsp; 5.875% | &nbsp;&nbsp; 1/15/66 | &nbsp;&nbsp; 190000<br>| &nbsp;&nbsp;&nbsp; 189799<br>|
| &nbsp;&nbsp;&nbsp; Dominion Energy South Carolina Inc., First Mortgage Bonds | &nbsp;&nbsp; 5.300% | &nbsp;&nbsp; 1/15/35 | &nbsp;&nbsp; 200000<br>| &nbsp;&nbsp;&nbsp; 209122<br>|
| &nbsp;&nbsp;&nbsp; DTE Electric Co., First Mortgage Bonds | &nbsp;&nbsp; 5.550% | &nbsp;&nbsp; 3/1/56 | &nbsp;&nbsp; 120000<br>| &nbsp;&nbsp;&nbsp; 119875<br>|
| &nbsp;&nbsp;&nbsp; Electricite de France SA, Senior Notes | &nbsp;&nbsp; 5.750% | &nbsp;&nbsp; 1/13/35 | &nbsp;&nbsp; 130000<br>| &nbsp;&nbsp;&nbsp; 138467<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Entergy Texas Inc., First Mortgage Bonds | &nbsp;&nbsp; 5.250% | &nbsp;&nbsp; 4/15/35 | &nbsp;&nbsp; 240000<br>| &nbsp;&nbsp;&nbsp; 249212<br>|
| &nbsp;&nbsp;&nbsp; Georgia Power Co., Senior Notes | &nbsp;&nbsp; 4.850% | &nbsp;&nbsp; 3/15/31 | &nbsp;&nbsp; 160000<br>| &nbsp;&nbsp;&nbsp; 165401<br>|
| &nbsp;&nbsp;&nbsp; Georgia Power Co., Senior Notes | &nbsp;&nbsp; 5.200% | &nbsp;&nbsp; 3/15/35 | &nbsp;&nbsp; 310000<br>| &nbsp;&nbsp;&nbsp; 322155<br>|
| &nbsp;&nbsp;&nbsp; Interstate Power and Light Co., Senior Notes | &nbsp;&nbsp; 5.450% | &nbsp;&nbsp; 9/30/54 | &nbsp;&nbsp; 90000<br>| &nbsp;&nbsp;&nbsp; 86843<br>|
| &nbsp;&nbsp;&nbsp; Jersey Central Power & Light Co., Senior Notes | &nbsp;&nbsp; 5.100% | &nbsp;&nbsp; 1/15/35 | &nbsp;&nbsp; 80000<br>| &nbsp;&nbsp;&nbsp; 82193<br>|
| &nbsp;&nbsp;&nbsp; NRG Energy Inc., Senior Secured Notes | &nbsp;&nbsp; 5.407% | &nbsp;&nbsp; 10/15/35 | &nbsp;&nbsp; 160000<br>| &nbsp;&nbsp;&nbsp; 161798<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Ohio Edison Co., Senior Notes | &nbsp;&nbsp; 5.500% | &nbsp;&nbsp; 1/15/33 | &nbsp;&nbsp; 140000<br>| &nbsp;&nbsp;&nbsp; 147224<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Oncor Electric Delivery Co. LLC, Secured Notes | &nbsp;&nbsp; 5.800% | &nbsp;&nbsp; 4/1/55 | &nbsp;&nbsp; 160000<br>| &nbsp;&nbsp;&nbsp; 164518<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Oncor Electric Delivery Co. LLC, Senior Secured Notes | &nbsp;&nbsp; 5.350% | &nbsp;&nbsp; 4/1/35 | &nbsp;&nbsp; 90000<br>| &nbsp;&nbsp;&nbsp; 93915<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Pacific Gas and Electric Co., First Mortgage Bonds | &nbsp;&nbsp; 5.700% | &nbsp;&nbsp; 3/1/35 | &nbsp;&nbsp; 110000<br>| &nbsp;&nbsp;&nbsp; 114738<br>|
| &nbsp;&nbsp;&nbsp; Pacific Gas and Electric Co., First Mortgage Bonds | &nbsp;&nbsp; 4.950% | &nbsp;&nbsp; 7/1/50 | &nbsp;&nbsp; 110000<br>| &nbsp;&nbsp;&nbsp; 95296<br>|
| &nbsp;&nbsp;&nbsp; Pacific Gas and Electric Co., First Mortgage Bonds | &nbsp;&nbsp; 6.750% | &nbsp;&nbsp; 1/15/53 | &nbsp;&nbsp; 220000<br>| &nbsp;&nbsp;&nbsp; 237876<br>|
| &nbsp;&nbsp;&nbsp; Pacific Gas and Electric Co., First Mortgage Bonds | &nbsp;&nbsp; 6.000% | &nbsp;&nbsp; 5/1/56 | &nbsp;&nbsp; 70000<br>| &nbsp;&nbsp;&nbsp; 69188<br>|
| &nbsp;&nbsp;&nbsp; PacifiCorp, Junior Subordinated Notes (7.125% to 8/15/31 then 5 year <br> Treasury Constant Maturity Rate + 3.292%) | &nbsp;&nbsp; 7.125% | &nbsp;&nbsp; 8/15/56 | &nbsp;&nbsp; 350000<br>| &nbsp;&nbsp;&nbsp; 344075<br> <sup>(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; PG&E Corp., Junior Subordinated Notes (6.850% to 9/15/31 then 5 year <br> Treasury Constant Maturity Rate + 3.225%) | &nbsp;&nbsp; 6.850% | &nbsp;&nbsp; 9/15/56 | &nbsp;&nbsp; 230000<br>| &nbsp;&nbsp;&nbsp; 229683<br> <sup>(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; Public Service Co. of Colorado, First Mortgage Bonds | &nbsp;&nbsp; 5.150% | &nbsp;&nbsp; 9/15/35 | &nbsp;&nbsp; 310000<br>| &nbsp;&nbsp;&nbsp; 316644<br>|
| &nbsp;&nbsp;&nbsp; RWE Finance US LLC, Senior Notes | &nbsp;&nbsp; 5.875% | &nbsp;&nbsp; 9/18/55 | &nbsp;&nbsp; 200000<br>| &nbsp;&nbsp;&nbsp; 199044<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Southern California Edison Co., First Mortgage Bonds | &nbsp;&nbsp; 4.125% | &nbsp;&nbsp; 3/1/48 | &nbsp;&nbsp; 280000<br>| &nbsp;&nbsp;&nbsp; 219347<br>|
| &nbsp;&nbsp;&nbsp; Southern California Edison Co., First Mortgage Bonds | &nbsp;&nbsp; 6.200% | &nbsp;&nbsp; 9/15/55 | &nbsp;&nbsp; 80000<br>| &nbsp;&nbsp;&nbsp; 82447<br>|
| &nbsp;&nbsp;&nbsp; Trans-Allegheny Interstate Line Co., Senior Notes | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 1/15/31 | &nbsp;&nbsp; 110000<br>| &nbsp;&nbsp;&nbsp; 113746<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Virginia Electric & Power Co., Senior Notes | &nbsp;&nbsp; 8.875% | &nbsp;&nbsp; 11/15/38 | &nbsp;&nbsp; 290000<br>| &nbsp;&nbsp;&nbsp; 388577<br>|
| &nbsp;&nbsp;&nbsp; Vistra Operations Co. LLC, Senior Secured Notes | &nbsp;&nbsp; 4.700% | &nbsp;&nbsp; 1/31/31 | &nbsp;&nbsp; 50000<br>| &nbsp;&nbsp;&nbsp; 50310<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Vistra Operations Co. LLC, Senior Secured Notes | &nbsp;&nbsp; 5.700% | &nbsp;&nbsp; 12/30/34 | &nbsp;&nbsp; 290000<br>| &nbsp;&nbsp;&nbsp; 300724<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Vistra Operations Co. LLC, Senior Secured Notes | &nbsp;&nbsp; 5.350% | &nbsp;&nbsp; 1/31/36 | &nbsp;&nbsp; 210000<br>| &nbsp;&nbsp;&nbsp; 211558<br> <sup>(a)</sup><br>|
| *Total Electric Utilities* | *Total Electric Utilities* | *Total Electric Utilities* | *Total Electric Utilities* | &nbsp;&nbsp; *7041662* |
| *Gas Utilities — 0.4%* | *Gas Utilities — 0.4%* | *Gas Utilities — 0.4%* | *Gas Utilities — 0.4%* | *Gas Utilities — 0.4%* |
| &nbsp;&nbsp;&nbsp; Southern California Gas Co., First Mortgage Bonds | &nbsp;&nbsp; 6.000% | &nbsp;&nbsp; 6/15/55 | &nbsp;&nbsp; 190000<br>| &nbsp;&nbsp;&nbsp; 197275<br>|
| &nbsp;&nbsp;&nbsp; Spire Inc., Junior Subordinated Notes (6.250% to 6/1/31 then 5 year <br> Treasury Constant Maturity Rate + 2.556%) | &nbsp;&nbsp; 6.250% | &nbsp;&nbsp; 6/1/56 | &nbsp;&nbsp; 240000<br>| &nbsp;&nbsp;&nbsp; 241617<br> <sup>(d)</sup><br>|
| *Total Gas Utilities* | *Total Gas Utilities* | *Total Gas Utilities* | *Total Gas Utilities* | &nbsp;&nbsp; *438892* |
| *Independent Power and Renewable Electricity Producers — 0.3%* | *Independent Power and Renewable Electricity Producers — 0.3%* | *Independent Power and Renewable Electricity Producers — 0.3%* | *Independent Power and Renewable Electricity Producers — 0.3%* | *Independent Power and Renewable Electricity Producers — 0.3%* |
| &nbsp;&nbsp;&nbsp; AES Andes SA, Senior Notes | &nbsp;&nbsp; 6.250% | &nbsp;&nbsp; 3/14/32 | &nbsp;&nbsp; 200000<br>| &nbsp;&nbsp;&nbsp; 208344<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; AES Corp., Junior Subordinated Notes (6.950% to 7/15/30 then 5 year <br> Treasury Constant Maturity Rate + 2.890%) | &nbsp;&nbsp; 6.950% | &nbsp;&nbsp; 7/15/55 | &nbsp;&nbsp; 100000<br>| &nbsp;&nbsp;&nbsp; 96726<br> <sup>(d)</sup><br>|
| *Total Independent Power and Renewable Electricity Producers* | *Total Independent Power and Renewable Electricity Producers* | *Total Independent Power and Renewable Electricity Producers* | *Total Independent Power and Renewable Electricity Producers* | &nbsp;&nbsp; *305070* |

---

See Notes to Schedule of Investments.

------

Western Asset Investment Grade Opportunity Trust Inc. 2026 Quarterly Report

------

 **Western Asset Investment Grade Opportunity Trust Inc.**

(Percentages shown based on Fund net assets)

---

| | | | | |
|:---|:---|:---|:---|:---|
| Security | Rate | Maturity<br> Date<br>| Face<br> Amount†<br>| Value |
| *Multi-Utilities — 0.2%* | *Multi-Utilities — 0.2%* | *Multi-Utilities — 0.2%* | *Multi-Utilities — 0.2%* | *Multi-Utilities — 0.2%* |
| &nbsp;&nbsp;&nbsp; Ameren Illinois Co., First Mortgage Bonds | &nbsp;&nbsp; 5.625% | &nbsp;&nbsp; 3/1/55 | &nbsp;&nbsp; 90000<br>| &nbsp;&nbsp;&nbsp; $90725<br>|
| &nbsp;&nbsp;&nbsp; PECO Energy Co., First Mortgage Bonds | &nbsp;&nbsp; 5.250% | &nbsp;&nbsp; 9/15/54 | &nbsp;&nbsp; 140000<br>| &nbsp;&nbsp;&nbsp; 133294<br>|
| *Total Multi-Utilities* | *Total Multi-Utilities* | *Total Multi-Utilities* | *Total Multi-Utilities* | &nbsp;&nbsp; *224019* |
| **Total Utilities** | **Total Utilities** | **Total Utilities** | **Total Utilities** | &nbsp;&nbsp; **8009643** |
| **Total Corporate Bonds & Notes (Cost — $96,817,114)** | **Total Corporate Bonds & Notes (Cost — $96,817,114)** | **Total Corporate Bonds & Notes (Cost — $96,817,114)** | **Total Corporate Bonds & Notes (Cost — $96,817,114)** | &nbsp;&nbsp; **99994124** |
| **Sovereign Bonds — 3.5%** | **Sovereign Bonds — 3.5%** | **Sovereign Bonds — 3.5%** | **Sovereign Bonds — 3.5%** | **Sovereign Bonds — 3.5%** |
| *Argentina — 0.3%* | *Argentina — 0.3%* | *Argentina — 0.3%* | *Argentina — 0.3%* | *Argentina — 0.3%* |
| &nbsp;&nbsp;&nbsp; Argentine Republic Government International Bond, Senior Notes | &nbsp;&nbsp; 1.000% | &nbsp;&nbsp; 7/9/29 | &nbsp;&nbsp; 8013<br>| &nbsp;&nbsp;&nbsp; 7091<br>|
| &nbsp;&nbsp;&nbsp; Argentine Republic Government International Bond, Senior Notes, Step <br> bond (4.125% to 7/9/27 then 4.750%) | &nbsp;&nbsp; 4.125% | &nbsp;&nbsp; 7/9/35 | &nbsp;&nbsp; 182200<br>| &nbsp;&nbsp;&nbsp; 137798<br>|
| &nbsp;&nbsp;&nbsp; Provincia de Buenos Aires, Senior Notes | &nbsp;&nbsp; 6.625% | &nbsp;&nbsp; 9/1/37 | &nbsp;&nbsp; 139491<br>| &nbsp;&nbsp;&nbsp; 110950<br> <sup>(a)</sup><br>|
| *Total Argentina* | *Total Argentina* | *Total Argentina* | *Total Argentina* | &nbsp;&nbsp; *255839* |
| *Brazil — 0.3%* | *Brazil — 0.3%* | *Brazil — 0.3%* | *Brazil — 0.3%* | *Brazil — 0.3%* |
| &nbsp;&nbsp;&nbsp; Brazilian Government International Bond, Senior Notes | &nbsp;&nbsp; 6.125% | &nbsp;&nbsp; 3/15/34 | &nbsp;&nbsp; 310000<br>| &nbsp;&nbsp;&nbsp; *318401*<br>|
| *Ecuador — 0.2%* | *Ecuador — 0.2%* | *Ecuador — 0.2%* | *Ecuador — 0.2%* | *Ecuador — 0.2%* |
| &nbsp;&nbsp;&nbsp; Ecuador Government International Bond, Senior Notes | &nbsp;&nbsp; 8.750% | &nbsp;&nbsp; 1/29/34 | &nbsp;&nbsp; 200000<br>| &nbsp;&nbsp;&nbsp;&nbsp; *201800*<br> <sup>(a)</sup><br>|
| *Ivory Coast — 0.5%* | *Ivory Coast — 0.5%* | *Ivory Coast — 0.5%* | *Ivory Coast — 0.5%* | *Ivory Coast — 0.5%* |
| &nbsp;&nbsp;&nbsp; Ivory Coast Government International Bond, Senior Notes | &nbsp;&nbsp; 7.625% | &nbsp;&nbsp; 1/30/33 | &nbsp;&nbsp; 250000<br>| &nbsp;&nbsp;&nbsp; 268046<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Ivory Coast Government International Bond, Senior Notes | &nbsp;&nbsp; 6.750% | &nbsp;&nbsp; 2/25/41 | &nbsp;&nbsp; 320000<br>| &nbsp;&nbsp;&nbsp; 305816<br> <sup>(a)</sup><br>|
| *Total Ivory Coast* | *Total Ivory Coast* | *Total Ivory Coast* | *Total Ivory Coast* | &nbsp;&nbsp; *573862* |
| *Mexico — 1.6%* | *Mexico — 1.6%* | *Mexico — 1.6%* | *Mexico — 1.6%* | *Mexico — 1.6%* |
| &nbsp;&nbsp;&nbsp; Eagle Funding Luxco Sarl, Senior Notes | &nbsp;&nbsp; 5.500% | &nbsp;&nbsp; 8/17/30 | &nbsp;&nbsp; 350000<br>| &nbsp;&nbsp;&nbsp; 356524<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Mexican Bonos, Senior Notes | &nbsp;&nbsp; 8.500% | &nbsp;&nbsp; 11/18/38 | &nbsp;&nbsp; 4490000 <br><sup>MXN</sup><br>| &nbsp;&nbsp;&nbsp; 251905<br>|
| &nbsp;&nbsp;&nbsp; Mexico Government International Bond, Senior Notes | &nbsp;&nbsp; 5.850% | &nbsp;&nbsp; 7/2/32 | &nbsp;&nbsp; 340000<br>| &nbsp;&nbsp;&nbsp; 351934<br>|
| &nbsp;&nbsp;&nbsp; Mexico Government International Bond, Senior Notes | &nbsp;&nbsp; 5.375% | &nbsp;&nbsp; 3/22/33 | &nbsp;&nbsp; 230000<br>| &nbsp;&nbsp;&nbsp; 230587<br>|
| &nbsp;&nbsp;&nbsp; Mexico Government International Bond, Senior Notes | &nbsp;&nbsp; 6.625% | &nbsp;&nbsp; 1/29/38 | &nbsp;&nbsp; 210000<br>| &nbsp;&nbsp;&nbsp; 222390<br>|
| &nbsp;&nbsp;&nbsp; Mexico Government International Bond, Senior Notes | &nbsp;&nbsp; 6.400% | &nbsp;&nbsp; 5/7/54 | &nbsp;&nbsp; 280000<br>| &nbsp;&nbsp;&nbsp; 274064<br>|
| *Total Mexico* | *Total Mexico* | *Total Mexico* | *Total Mexico* | &nbsp;&nbsp; *1687404* |
| *Paraguay — 0.2%* | *Paraguay — 0.2%* | *Paraguay — 0.2%* | *Paraguay — 0.2%* | *Paraguay — 0.2%* |
| &nbsp;&nbsp;&nbsp; Paraguay Government International Bond, Senior Notes | &nbsp;&nbsp; 6.650% | &nbsp;&nbsp; 3/4/55 | &nbsp;&nbsp; 200000<br>| &nbsp;&nbsp;&nbsp;&nbsp; *219755*<br> <sup>(a)(b)</sup><br>|
| *South Africa — 0.4%* | *South Africa — 0.4%* | *South Africa — 0.4%* | *South Africa — 0.4%* | *South Africa — 0.4%* |
| &nbsp;&nbsp;&nbsp; Republic of South Africa Government International Bond, Senior Notes | &nbsp;&nbsp; 6.125% | &nbsp;&nbsp; 12/11/37 | &nbsp;&nbsp; 200000<br>| &nbsp;&nbsp;&nbsp; 197615<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Republic of South Africa Government International Bond, Senior Notes | &nbsp;&nbsp; 7.250% | &nbsp;&nbsp; 12/11/55 | &nbsp;&nbsp; 200000<br>| &nbsp;&nbsp;&nbsp; 200299<br> <sup>(a)</sup><br>|
| *Total South Africa* | *Total South Africa* | *Total South Africa* | *Total South Africa* | &nbsp;&nbsp; *397914* |
| **Total Sovereign Bonds (Cost — $3,489,303)** | **Total Sovereign Bonds (Cost — $3,489,303)** | **Total Sovereign Bonds (Cost — $3,489,303)** | **Total Sovereign Bonds (Cost — $3,489,303)** | &nbsp;&nbsp; **3654975** |
| **Municipal Bonds — 0.8%** | **Municipal Bonds — 0.8%** | **Municipal Bonds — 0.8%** | **Municipal Bonds — 0.8%** | **Municipal Bonds — 0.8%** |
| *California — 0.2%* | *California — 0.2%* | *California — 0.2%* | *California — 0.2%* | *California — 0.2%* |
| &nbsp;&nbsp;&nbsp; Regents of the University of California Medical Center Pooled Revenue, <br> Series Q | &nbsp;&nbsp; 4.563% | &nbsp;&nbsp; 5/15/53 | &nbsp;&nbsp; 160000 | &nbsp;&nbsp;&nbsp; *144764*<br>|
| *Illinois — 0.4%* | *Illinois — 0.4%* | *Illinois — 0.4%* | *Illinois — 0.4%* | *Illinois — 0.4%* |
| &nbsp;&nbsp;&nbsp; Illinois State, GO, Taxable, Build America Bonds, Series 2010-3 | &nbsp;&nbsp; 6.725% | &nbsp;&nbsp; 4/1/35 | &nbsp;&nbsp; 407692 | &nbsp;&nbsp;&nbsp; *435860*<br>|
| *New York — 0.2%* | *New York — 0.2%* | *New York — 0.2%* | *New York — 0.2%* | *New York — 0.2%* |
| &nbsp;&nbsp;&nbsp; New York State Dormitory Authority Revenue, New York University, Series B | &nbsp;&nbsp; 5.832% | &nbsp;&nbsp; 7/1/55 | &nbsp;&nbsp; 230000 | &nbsp;&nbsp;&nbsp; *249313*<br>|
| **Total Municipal Bonds (Cost — $831,202)** | **Total Municipal Bonds (Cost — $831,202)** | **Total Municipal Bonds (Cost — $831,202)** | **Total Municipal Bonds (Cost — $831,202)** | &nbsp;&nbsp; **829937** |

---

See Notes to Schedule of Investments.

------

Western Asset Investment Grade Opportunity Trust Inc. 2026 Quarterly Report

------

Schedule of Investments (unaudited) (cont'd)

February 28, 2026

 **Western Asset Investment Grade Opportunity Trust Inc.**

(Percentages shown based on Fund net assets)

---

| | | | | |
|:---|:---|:---|:---|:---|
| Security | Rate | Maturity<br> Date<br>| Face<br> Amount†<br>| Value |
| **Senior Loans — 0.6%** | **Senior Loans — 0.6%** | **Senior Loans — 0.6%** | **Senior Loans — 0.6%** | **Senior Loans — 0.6%** |
| **Consumer Discretionary — 0.1%** | **Consumer Discretionary — 0.1%** | **Consumer Discretionary — 0.1%** | **Consumer Discretionary — 0.1%** | **Consumer Discretionary — 0.1%** |
| *Specialty Retail — 0.1%* | *Specialty Retail — 0.1%* | *Specialty Retail — 0.1%* | *Specialty Retail — 0.1%* | *Specialty Retail — 0.1%* |
| &nbsp;&nbsp;&nbsp; Petco Health & Wellness Co. Inc., 2026 Term Loan (1 mo. Term SOFR + <br> 4.250%)  | 7.923% | &nbsp;&nbsp; 1/22/31 | &nbsp;&nbsp; 130000<br>| &nbsp;&nbsp;&nbsp;&nbsp; **$125288**<br> <sup>(d)(h)(i)</sup><br>|
| **Materials — 0.0%††** | **Materials — 0.0%††** | **Materials — 0.0%††** | **Materials — 0.0%††** | **Materials — 0.0%††** |
| *Paper & Forest Products — 0.0%††* | *Paper & Forest Products — 0.0%††* | *Paper & Forest Products — 0.0%††* | *Paper & Forest Products — 0.0%††* | *Paper & Forest Products — 0.0%††* |
| &nbsp;&nbsp;&nbsp; Schweitzer-Mauduit International Inc., Term Loan B (1 mo. Term SOFR + <br> 3.864%)  | 7.537% | &nbsp;&nbsp; 4/20/28 | &nbsp;&nbsp; 28177<br>| &nbsp;&nbsp;&nbsp;&nbsp; **28054**<br> <sup>(d)(h)(i)</sup><br>|
| **Utilities — 0.5%** | **Utilities — 0.5%** | **Utilities — 0.5%** | **Utilities — 0.5%** | **Utilities — 0.5%** |
| *Electric Utilities — 0.5%* | *Electric Utilities — 0.5%* | *Electric Utilities — 0.5%* | *Electric Utilities — 0.5%* | *Electric Utilities — 0.5%* |
| &nbsp;&nbsp;&nbsp; NRG Energy Inc., Term Loan | 5.423-5.521% | &nbsp;&nbsp; 4/16/31 | &nbsp;&nbsp; 363525<br>| &nbsp;&nbsp;&nbsp; 364848<br> <sup>(d)(h)(i)</sup><br>|
| &nbsp;&nbsp;&nbsp; Talen Energy Supply LLC, 2025 Incremental Term Loan B (3 mo. Term SOFR + <br> 2.000%) | 5.672% | &nbsp;&nbsp; 11/25/32 | &nbsp;&nbsp; 90000<br>| &nbsp;&nbsp;&nbsp; 90326<br> <sup>(d)(h)(i)</sup><br>|
| **Total Utilities** | **Total Utilities** | **Total Utilities** | **Total Utilities** | &nbsp;&nbsp; **455174** |
| **Total Senior Loans (Cost — $608,897)** | **Total Senior Loans (Cost — $608,897)** | **Total Senior Loans (Cost — $608,897)** | **Total Senior Loans (Cost — $608,897)** | &nbsp;&nbsp; **608516** |
| **U.S. Government & Agency Obligations — 0.5%** | **U.S. Government & Agency Obligations — 0.5%** | **U.S. Government & Agency Obligations — 0.5%** | **U.S. Government & Agency Obligations — 0.5%** | **U.S. Government & Agency Obligations — 0.5%** |
| *U.S. Government Obligations — 0.5%* | *U.S. Government Obligations — 0.5%* | *U.S. Government Obligations — 0.5%* | *U.S. Government Obligations — 0.5%* | *U.S. Government Obligations — 0.5%* |
| &nbsp;&nbsp;&nbsp; U.S. Treasury Notes | &nbsp;&nbsp; 3.750% | &nbsp;&nbsp; 1/31/31 | &nbsp;&nbsp; 310000 | &nbsp;&nbsp;&nbsp; 313197<br>|
| &nbsp;&nbsp;&nbsp; U.S. Treasury Notes | &nbsp;&nbsp; 4.125% | &nbsp;&nbsp; 2/15/36 | &nbsp;&nbsp; 250000 | &nbsp;&nbsp;&nbsp; 253340<br>|
| **Total U.S. Government & Agency Obligations (Cost — $565,144)** | **Total U.S. Government & Agency Obligations (Cost — $565,144)** | **Total U.S. Government & Agency Obligations (Cost — $565,144)** | **Total U.S. Government & Agency Obligations (Cost — $565,144)** | &nbsp;&nbsp; **566537** |
|  |  |  | Shares |  |
| **Preferred Stocks — 0.5%** | **Preferred Stocks — 0.5%** | **Preferred Stocks — 0.5%** | **Preferred Stocks — 0.5%** | **Preferred Stocks — 0.5%** |
| **Financials — 0.5%** | **Financials — 0.5%** | **Financials — 0.5%** | **Financials — 0.5%** | **Financials — 0.5%** |
| *Banks — 0.3%* | *Banks — 0.3%* | *Banks — 0.3%* | *Banks — 0.3%* | *Banks — 0.3%* |
| &nbsp;&nbsp;&nbsp; Citigroup Inc.  | &nbsp;&nbsp; 6.250% |  | &nbsp;&nbsp; 12100 | &nbsp;&nbsp;&nbsp; *307340*<br>|
| *Insurance — 0.2%* | *Insurance — 0.2%* | *Insurance — 0.2%* | *Insurance — 0.2%* | *Insurance — 0.2%* |
| &nbsp;&nbsp;&nbsp; Delphi Financial Group Inc. (3 mo. Term SOFR + 3.452%)  | &nbsp;&nbsp; 7.104% |  | &nbsp;&nbsp; 9325 | &nbsp;&nbsp;&nbsp;&nbsp; *224965*<br> <sup>(d)</sup><br>|
| **Total Preferred Stocks (Cost — $535,532)** | **Total Preferred Stocks (Cost — $535,532)** | **Total Preferred Stocks (Cost — $535,532)** | **Total Preferred Stocks (Cost — $535,532)** | &nbsp;&nbsp; **532305** |
| **Total Investments before Short-Term Investments (Cost — $102,847,192)** | **Total Investments before Short-Term Investments (Cost — $102,847,192)** | **Total Investments before Short-Term Investments (Cost — $102,847,192)** | **Total Investments before Short-Term Investments (Cost — $102,847,192)** | &nbsp;&nbsp; **106186394** |
| **Short-Term Investments — 0.0%††** | **Short-Term Investments — 0.0%††** | **Short-Term Investments — 0.0%††** | **Short-Term Investments — 0.0%††** | **Short-Term Investments — 0.0%††** |
| &nbsp;&nbsp;&nbsp; Western Asset Premier Institutional Government Reserves, Premium Shares <br> (Cost — $57,577)  | &nbsp;&nbsp; 3.603% |  | &nbsp;&nbsp; 57577<br>| &nbsp;&nbsp;&nbsp;&nbsp; **57577**<br> <sup>(j)(k)</sup><br>|
| **Total Investments — 100.1% (Cost — $102,904,769)** | **Total Investments — 100.1% (Cost — $102,904,769)** | **Total Investments — 100.1% (Cost — $102,904,769)** | **Total Investments — 100.1% (Cost — $102,904,769)** | &nbsp;&nbsp; **106243971** |
| &nbsp;&nbsp;&nbsp; Liabilities in Excess of Other Assets — (0.1)% | &nbsp;&nbsp;&nbsp; Liabilities in Excess of Other Assets — (0.1)% | &nbsp;&nbsp;&nbsp; Liabilities in Excess of Other Assets — (0.1)% | &nbsp;&nbsp;&nbsp; Liabilities in Excess of Other Assets — (0.1)% | &nbsp;&nbsp;&nbsp; (136864)<br>|
| **Total Net Assets — 100.0%** | **Total Net Assets — 100.0%** | **Total Net Assets — 100.0%** | **Total Net Assets — 100.0%** | &nbsp;&nbsp; **$106107107** |

---

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

See Notes to Schedule of Investments.

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Western Asset Investment Grade Opportunity Trust Inc. 2026 Quarterly Report

------

 **Western Asset Investment Grade Opportunity Trust Inc.**

---

| | |
|:---|:---|
| † | Face amount denominated in U.S. dollars, unless otherwise noted. |
| †† | Represents less than 0.1%. |
| \* | Non-income producing security. |
| <sup>(a)</sup> | Security is exempt from registration under Rule 144A of the Securities Act of 1933. This security may be resold in transactions that are exempt from <br> registration, normally to qualified institutional buyers. This security has been deemed liquid pursuant to guidelines approved by the Board of Directors.<br>|
| <sup>(b)</sup> | Securities traded on a when-issued or delayed delivery basis. |
| <sup>(c)</sup> | Security has no maturity date. The date shown represents the next call date. |
| <sup>(d)</sup> | Variable rate security. Interest rate disclosed is as of the most recent information available. Certain variable rate securities are not based on a published <br> reference rate and spread but are determined by the issuer or agent and are based on current market conditions. These securities do not indicate a <br> reference rate and spread in their description above.<br>|
| <sup>(e)</sup> | Security is fair valued in accordance with procedures approved by the Board of Directors (Note 1). |
| <sup>(f)</sup> | Security is valued using significant unobservable inputs (Note 1). |
| <sup>(g)</sup> | Value is less than $1. |
| <sup>(h)</sup> | Interest rates disclosed represent the effective rates on senior loans. Ranges in interest rates are attributable to multiple contracts under the same loan. |
| <sup>(i)</sup> | Senior loans may be considered restricted in that the Fund ordinarily is contractually obligated to receive approval from the agent bank and/or borrower <br> prior to the disposition of a senior loan. <br>|
| <sup>(j)</sup> | Rate shown is one-day yield as of the end of the reporting period.  |
| <sup>(k)</sup> | In this instance, as defined in the Investment Company Act of 1940, an "Affiliated Company" represents Fund ownership of at least 5% of the outstanding <br> voting securities of an issuer, or a company which is under common ownership or control with the Fund. At February 28, 2026, the total market value of <br> investments in Affiliated Companies was $57,577 and the cost was $57,577 (Note 2).<br>|

---

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

---

| | | |
|:---|:---|:---|
| **Abbreviation(s) used in this schedule:** | **Abbreviation(s) used in this schedule:** | **Abbreviation(s) used in this schedule:** |
| DAC |  | Designated Activity Company |
| GO |  | General Obligation |
| GTD |  | Guaranteed |
| ICE |  | Intercontinental Exchange |
| MXN |  | Mexican Peso |
| SOFR |  | Secured Overnight Financing Rate |
| USD |  | United States Dollar |

---

At February 28, 2026, the Fund had the following open futures contracts:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp; <br> Number of <br>Contracts<br>| &nbsp;&nbsp;&nbsp; <br> Expiration <br>Date<br>| &nbsp;&nbsp;&nbsp; <br> Notional <br>Amount<br>| &nbsp;&nbsp;&nbsp; <br> Market <br>Value<br>| &nbsp;&nbsp;&nbsp; <br> Unrealized <br>Appreciation <br>&nbsp;&nbsp;&nbsp;&nbsp;(Depreciation)<br>|
| **Contracts to Buy:** |  |  |  |  |  |
| U.S. Treasury 5-Year Notes | &nbsp;&nbsp;&nbsp;&nbsp; 28 | &nbsp;&nbsp;&nbsp;&nbsp; 6/26 | &nbsp;&nbsp;&nbsp;&nbsp; $3071039 | &nbsp;&nbsp;&nbsp;&nbsp; $3083938 | &nbsp;&nbsp;&nbsp;&nbsp; $12899 |
| U.S. Treasury Long-Term Bonds | &nbsp;&nbsp;&nbsp;&nbsp; 16 | &nbsp;&nbsp;&nbsp;&nbsp; 6/26 | &nbsp;&nbsp;&nbsp;&nbsp; 1876725 | &nbsp;&nbsp;&nbsp;&nbsp; 1895500 | &nbsp;&nbsp;&nbsp;&nbsp; 18775 |
| U.S. Treasury Ultra Long-Term Bonds | &nbsp;&nbsp;&nbsp;&nbsp; 5 | &nbsp;&nbsp;&nbsp;&nbsp; 6/26 | &nbsp;&nbsp;&nbsp;&nbsp; 599670 | &nbsp;&nbsp;&nbsp;&nbsp; 607969 | &nbsp;&nbsp;&nbsp;&nbsp; 8299 |
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; 39973 |
| **Contracts to Sell:** |  |  |  |  |  |
| U.S. Treasury 10-Year Notes | &nbsp;&nbsp;&nbsp;&nbsp; 12 | &nbsp;&nbsp;&nbsp;&nbsp; 6/26 | &nbsp;&nbsp;&nbsp;&nbsp; 1355292 | &nbsp;&nbsp;&nbsp;&nbsp; 1365750 | &nbsp;&nbsp;&nbsp;&nbsp; (10458) |
| U.S. Treasury Ultra 10-Year Notes | &nbsp;&nbsp;&nbsp;&nbsp; 107 | &nbsp;&nbsp;&nbsp;&nbsp; 6/26 | &nbsp;&nbsp;&nbsp;&nbsp; 12366339 | &nbsp;&nbsp;&nbsp;&nbsp; 12490579 | &nbsp;&nbsp;&nbsp;&nbsp; (124240) |
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; (134698) |
| **Net unrealized depreciation on open futures contracts** | **Net unrealized depreciation on open futures contracts** | **Net unrealized depreciation on open futures contracts** | **Net unrealized depreciation on open futures contracts** | **Net unrealized depreciation on open futures contracts** | &nbsp;&nbsp;&nbsp; **$(94725)** |

---

At February 28, 2026, the Fund had the following open forward foreign currency contracts:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| Currency <br>Purchased | Currency <br>Purchased | Currency <br>Sold | Currency <br>Sold | Counterparty | Settlement <br>Date<br>| Unrealized <br>Depreciation<br>|
| JPY | &nbsp;&nbsp; 16001269 | &nbsp;&nbsp; USD | &nbsp;&nbsp; 103118 | BNP Paribas SA | &nbsp;&nbsp; 4/16/26 | &nbsp;&nbsp; **$(189)** |

---

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

See Notes to Schedule of Investments.

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Western Asset Investment Grade Opportunity Trust Inc. 2026 Quarterly Report

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Schedule of Investments (unaudited) (cont'd)

February 28, 2026

 **Western Asset Investment Grade Opportunity Trust Inc.**

---

| | | |
|:---|:---|:---|
| **Abbreviation(s) used in this table:** | **Abbreviation(s) used in this table:** | **Abbreviation(s) used in this table:** |
| JPY |  | Japanese Yen |
| USD |  | United States Dollar |

---

This Schedule of Investments is unaudited and is intended to provide information about the Fund's investments as of the date of the schedule. Other information regarding the Fund is available in the Fund's most recent annual or semi-annual shareholder report.

See Notes to Schedule of Investments.

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Western Asset Investment Grade Opportunity Trust Inc. 2026 Quarterly Report

------

Notes to Schedule of Investments (unaudited)

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

**1. Organization and significant accounting policies** 

Western Asset Investment Grade Opportunity Trust Inc. (the "Fund") was incorporated in Maryland on April 24, 2009, and is registered as a diversified, closed-end management investment company under the Investment Company Act of 1940, as amended (the "1940 Act"). The Fund's primary investment objective is to provide current income. As a secondary investment objective, the Fund will seek capital appreciation. There can be no assurance the Fund will achieve its investment objectives. The Fund seeks to achieve its investment objectives by investing, under normal market conditions, at least 80% of its net assets in investment grade corporate fixed income securities of varying maturities.

The Fund follows the accounting and reporting guidance in Financial Accounting Standards Board ("FASB") Accounting Standards Codification Topic 946, *Financial Services – Investment Companies* ("ASC 946"). The following are significant accounting policies consistently followed by the Fund and are in conformity with U.S. generally accepted accounting principles ("GAAP"), including, but not limited to, ASC 946.

**(a) Investment valuation.** The valuations for fixed income securities (which may include, but are not limited to, corporate, government, municipal, mortgage-backed, collateralized mortgage obligations and asset-backed securities) and certain derivative instruments are typically the prices supplied by independent third party pricing services, which may use market prices or broker/dealer quotations or a variety of valuation techniques and methodologies. The independent third party pricing services typically use inputs that are observable such as issuer details, interest rates, yield curves, prepayment speeds, credit risks/spreads, default rates and quoted prices for similar securities. Investments in open-end funds are valued at the closing net asset value per share of each fund on the day of valuation. Futures contracts are valued daily at the settlement price established by the board of trade or exchange on which they are traded. Equity securities for which market quotations are available are valued at the last reported sales price or official closing price on the primary market or exchange on which they trade. When the Fund holds securities or other assets that are denominated in a foreign currency, the Fund will normally use the currency exchange rates as of 4:00 p.m. (Eastern Time). If independent third party pricing services are unable to supply prices for a portfolio investment, or if the prices supplied are deemed by the manager to be unreliable, the market price may be determined by the manager using quotations from one or more broker/dealers or at the transaction price if the security has recently been purchased and no value has yet been obtained from a pricing service or pricing broker. When reliable prices are not readily available, such as when the value of a security has been significantly affected by events after the close of the exchange or market on which the security is principally traded, but before the Fund calculates its net asset value, the Fund values these securities as determined in accordance with procedures approved by the Fund's Board of Directors (the "Board").

Pursuant to policies adopted by the Board, the Fund's manager has been designated as the valuation designee and is responsible for the oversight of the daily valuation process. The Fund's manager is assisted by the Global Fund Valuation Committee (the "Valuation Committee"). The Valuation Committee is responsible for making fair value determinations, evaluating the effectiveness of the Fund's pricing policies, and reporting to the Fund's manager and the Board. When determining the reliability of third party pricing information for investments owned by the Fund, the Valuation Committee, among other things, conducts due diligence reviews of pricing vendors, monitors the daily change in prices and reviews transactions among market participants.

The Valuation Committee will consider pricing methodologies it deems relevant and appropriate when making fair value determinations. Examples of possible methodologies include, but are not limited to, multiple of earnings; discount from market of a similar freely traded security; discounted cash-flow analysis; book value or a multiple thereof; risk premium/yield analysis; yield to maturity; and/or fundamental investment analysis. The Valuation Committee will also consider factors it deems relevant and appropriate in light of the facts and circumstances. Examples of possible factors include, but are not limited to, the type of security; the issuer's financial statements; the purchase price of the security; the discount from market value of unrestricted securities of the same class at the time of purchase; analysts' research and observations from financial institutions; information regarding any transactions or offers with respect to the security; the existence of merger proposals or tender offers affecting the security; the price and extent of public trading in similar securities of the issuer or comparable companies; and the existence of a shelf registration for restricted securities.

For each portfolio security that has been fair valued pursuant to the policies adopted by the Board, the fair value price is compared against the last available and next available market quotations. The Valuation Committee reviews the results of such back testing monthly and fair valuation occurrences are reported to the Board quarterly.

The Fund uses valuation techniques to measure fair value that are consistent with the market approach and/or income approach, depending on the type of security and the particular circumstance. The market approach uses prices and other

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Western Asset Investment Grade Opportunity Trust Inc. 2026 Quarterly Report

------

Notes to Schedule of Investments (unaudited) (cont'd)

relevant information generated by market transactions involving identical or comparable securities. The income approach uses valuation techniques to discount estimated future cash flows to present value.

GAAP establishes a disclosure hierarchy that categorizes the inputs to valuation techniques used to value assets and liabilities at measurement date. These inputs are summarized in the three broad levels listed below:

• Level 1 — unadjusted quoted prices in active markets for identical investments

• Level 2 — other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.)

• Level 3 — significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments)

The inputs or methodologies used to value securities are not necessarily an indication of the risk associated with investing in those securities.

The following is a summary of the inputs used in valuing the Fund's assets and liabilities carried at fair value: <br>

---

| | | | | |
|:---|:---|:---|:---|:---|
| **ASSETS** | **ASSETS** | **ASSETS** | **ASSETS** | **ASSETS** |
| Description | &nbsp;&nbsp; Quoted Prices <br>(Level 1)<br>| &nbsp;&nbsp; Other Significant <br>Observable Inputs <br>(Level 2)<br>| &nbsp;&nbsp; Significant <br>Unobservable <br>Inputs <br>(Level 3)<br>| Total |
| Long-Term Investments†: |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Corporate Bonds & Notes: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financials | &nbsp;&nbsp; — | &nbsp;&nbsp; $39382714 | &nbsp;&nbsp; $0<br> \*<br>| &nbsp;&nbsp; $39382714 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Corporate Bonds & Notes | &nbsp;&nbsp; — | &nbsp;&nbsp; 60611410 | &nbsp;&nbsp; — | &nbsp;&nbsp; 60611410 |
| &nbsp;&nbsp;&nbsp; Sovereign Bonds | &nbsp;&nbsp; — | &nbsp;&nbsp; 3654975 | &nbsp;&nbsp; — | &nbsp;&nbsp; 3654975 |
| &nbsp;&nbsp;&nbsp; Municipal Bonds | &nbsp;&nbsp; — | &nbsp;&nbsp; 829937 | &nbsp;&nbsp; — | &nbsp;&nbsp; 829937 |
| &nbsp;&nbsp;&nbsp; Senior Loans | &nbsp;&nbsp; — | &nbsp;&nbsp; 608516 | &nbsp;&nbsp; — | &nbsp;&nbsp; 608516 |
| &nbsp;&nbsp;&nbsp; U.S. Government & Agency Obligations | &nbsp;&nbsp; — | &nbsp;&nbsp; 566537 | &nbsp;&nbsp; — | &nbsp;&nbsp; 566537 |
| &nbsp;&nbsp;&nbsp; Preferred Stocks: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financials | &nbsp;&nbsp; $307340 | &nbsp;&nbsp; 224965 | &nbsp;&nbsp; — | &nbsp;&nbsp; 532305 |
| Total Long-Term Investments | &nbsp;&nbsp; 307340 | &nbsp;&nbsp; 105879054 | &nbsp;&nbsp; 0<br> \*<br>| &nbsp;&nbsp; 106186394 |
| Short-Term Investments† | &nbsp;&nbsp; 57577 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 57577 |
| **Total Investments** | &nbsp;&nbsp; **$364917** | &nbsp;&nbsp; **$105879054** | &nbsp;&nbsp; **$0**<br> **\***<br>| &nbsp;&nbsp; **$106243971** |
| Other Financial Instruments: |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Futures Contracts†† | &nbsp;&nbsp; $39973 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; $39973 |
| **Total** | &nbsp;&nbsp; **$404890** | &nbsp;&nbsp; **$105879054** | &nbsp;&nbsp; **—** | &nbsp;&nbsp; **$106283944** |
| **LIABILITIES**  | **LIABILITIES**  | **LIABILITIES**  | **LIABILITIES**  | **LIABILITIES**  |
| Description | &nbsp;&nbsp; Quoted Prices <br>(Level 1)<br>| &nbsp;&nbsp; Other Significant <br>Observable Inputs <br>(Level 2)<br>| &nbsp;&nbsp; Significant <br>Unobservable <br>Inputs <br>(Level 3)<br>| Total |
| Other Financial Instruments: |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Futures Contracts†† | &nbsp;&nbsp; $134698 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; $134698 |
| &nbsp;&nbsp;&nbsp; Forward Foreign Currency Contracts†† | &nbsp;&nbsp; — | &nbsp;&nbsp; $189 | &nbsp;&nbsp; — | &nbsp;&nbsp; 189 |
| **Total** | &nbsp;&nbsp; **$134698** | &nbsp;&nbsp; **$189** | &nbsp;&nbsp; **—** | &nbsp;&nbsp; **$134887** |

---

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

---

| | |
|:---|:---|
| † | See Schedule of Investments for additional detailed categorizations. |
| \* | Amount represents less than $1. |
| †† | Reflects the unrealized appreciation (depreciation) of the instruments. |

---

**2. Transactions with affiliated company**

As defined by the 1940 Act, an affiliated company is one in which the Fund owns 5% or more of the outstanding voting securities, or a company which is under common ownership or control with the Fund. The following company was considered an affiliated company for all or some portion of the period ended February 28, 2026. The following transactions were

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Western Asset Investment Grade Opportunity Trust Inc. 2026 Quarterly Report

------

effected in such company for the period ended February 28, 2026. <br>

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | Affiliate <br>Value at <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>November 30, <br>2025 | Purchased | Purchased | Sold | Sold |
|  | Affiliate <br>Value at <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>November 30, <br>2025 | Cost | Shares | Proceeds | Shares |
| Western Asset Premier <br> Institutional Government <br> Reserves, Premium <br> Shares<br>| $313387 | $5775507 | 5775507 | $6031317 | 6031317 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>

---

| | | | | |
|:---|:---|:---|:---|:---|
| (cont'd) | Realized <br>Gain (Loss)<br>| Dividend <br>Income<br>| Net Increase <br>(Decrease) in <br>Unrealized <br>Appreciation <br>(Depreciation)<br>| Affiliate <br>Value at <br>February 28, <br>2026<br>|
| Western Asset Premier <br> Institutional Government <br> Reserves, Premium Shares<br>|  | $2473 |  | $57577 |

---

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Western Asset Investment Grade Opportunity Trust Inc. 2026 Quarterly Report

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## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Western Asset Investment Grade Opportunity Trust Inc.

- **b. Investment Company Act file number:** 811-22294

- **c. CIK number of Registrant:** 0001462586

- **d. LEI of Registrant:** 549300V54JNCB3KS3P74

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

  - **Street Address 1:** One Madison Avenue

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10010

  - **Telephone number:** 1-888-777-0102

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

- **a. Name of Series:** Western Asset Investment Grade Opportunity Trust Inc.

- **c. LEI of Series:** 549300V54JNCB3KS3P74

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

- **a. Date of fiscal year-end:** 2026-11-30

- **b. Date as of which information is reported:** 2026-02-27

**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:** $108477696.49

**Total Liabilities:** $2370834.05

**Net Assets:** $106106862.44

**Delayed Delivery Securities:** $1218327.80

**Cash Not Reported:** $251262.38

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 36.07000000 | **1-Year:** 2263.13000000 | **5-Year:** 22065.40000000 | **10-Year:** 44914.86000000 | **30-Year:** 4044.38000000

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

- **3-Month:** 9.55000000 | **1-Year:** 942.03000000 | **5-Year:** 3009.75000000 | **10-Year:** 939.43000000 | **30-Year:** 36.12000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000000000 | 0.43%                | 0.31%                | 0.31%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-3253.36                | $-813623.93                                |
| Month 2  | $-40621.75               | $-70913.62                                 |
| Month 3  | $-167641.27              | $1000411.09                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| CHICAGO BOARD OF TRADE                                  | Ultra 10-Year U.S. Treasury Note Futures, Jun-2026,ETH                                                                               | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |      -109 | NC      | $-126680.54   | -0.12%            |  |  |  | No            |                  1 | On Loan: No      |
| NRG Energy Inc.                                         | NRG Energy Term Loan B 175 2031-04-01                                                                                                | CUSIP: 62937NBC0<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | LON              | CORP              | US        |    363525 | PA      | $364848.23    | 0.34%             | 2031-04-16      | Floating      | 5.47%                 | No            |                  2 | On Loan: No      |
| The Charles Schwab Corporation                          | SCHW V6.136 08/24/34                                                                                                                 | CUSIP: 808513CH6<br>LEI: 549300VSGCJ7E698NM85 | Long             | DBT              | CORP              | US        |    680000 | PA      | $743415.71    | 0.70%             | 2034-08-24      | Fixed         | 6.14%                 | No            |                  2 | On Loan: No      |
| Georgia Power Company                                   | SO 5.2 03/15/35                                                                                                                      | CUSIP: 373334LB5<br>LEI: D981X4Z4RWS7PDMJUZ03 | Long             | DBT              | CORP              | US        |    310000 | PA      | $322155.09    | 0.30%             | 2035-03-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Amazon.com, Inc.                                        | AMZN 4.25 08/22/57                                                                                                                   | CUSIP: 023135BM7<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |    280000 | PA      | $226002.61    | 0.21%             | 2057-08-22      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Five Point Operating Company LP Five Point Capital Corp | FPH 8 10/01/30 144A                                                                                                                  | CUSIP: 33834YAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    110000 | PA      | $113991.35    | 0.11%             | 2030-10-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Vistra Operations Co LLC                                | VST 5.7 12/30/34 144A                                                                                                                | CUSIP: 92840VAU6<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |    290000 | PA      | $300723.62    | 0.28%             | 2034-12-30      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Wyeth LLC                                               | PFE 5.95 04/01/37                                                                                                                    | CUSIP: 983024AN0<br>LEI: 549300Q9GR3WRH4N4836 | Long             | DBT              | CORP              | US        |    650000 | PA      | $711224.28    | 0.67%             | 2037-04-01      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| PG&E Corporation                                        | PCG V6.85 09/15/56                                                                                                                   | CUSIP: 69331CAN8<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | DBT              | CORP              | US        |    230000 | PA      | $229682.85    | 0.22%             | 2056-09-15      | Fixed         | 6.85%                 | No            |                  2 | On Loan: No      |
| Enterprise Products Operating LLC                       | EPD V5.375 02/15/78                                                                                                                  | CUSIP: 29379VBR3<br>LEI: 5493004LGN656HWLDA30 | Long             | DBT              | CORP              | US        |    400000 | PA      | $403280.00    | 0.38%             | 2078-02-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| VICI Properties LP                                      | VICI 5.75 04/01/34                                                                                                                   | CUSIP: 925650AF0<br>LEI: 254900X4QE7SGKQLLN38 | Long             | DBT              | CORP              | US        |    170000 | PA      | $176715.92    | 0.17%             | 2034-04-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Paramount Global                                        | PARA 5.25 04/01/44                                                                                                                   | CUSIP: 92553PAW2<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | DBT              | CORP              | US        |     80000 | PA      | $53547.75     | 0.05%             | 2044-04-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Meta Platforms Inc                                      | META 5.625 11/15/55 .                                                                                                                | CUSIP: 30303MAE2<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |    140000 | PA      | $137143.60    | 0.13%             | 2055-11-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| First Quantum Minerals Ltd.                             | FMCN 7.25 02/15/34 144A                                                                                                              | CUSIP: 335934AX3<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | DBT              | CORP              | CA        |    260000 | PA      | $272434.76    | 0.26%             | 2034-02-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Synopsys Inc                                            | SNPS 5.15 04/01/35                                                                                                                   | CUSIP: 871607AE7<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | DBT              | CORP              | US        |    170000 | PA      | $174176.86    | 0.16%             | 2035-04-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Broadcom Inc                                            | AVGO 5.7 01/15/56                                                                                                                    | CUSIP: 11135FDD0<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |     40000 | PA      | $41104.33     | 0.04%             | 2056-01-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| British Telecommunications PLC                          | BRITEL 9.625 12/15/30                                                                                                                | CUSIP: 111021AE1<br>LEI: 549300OWFMSO9NYV4H90 | Long             | DBT              | CORP              | GB        |    910000 | PA      | $1113550.35   | 1.05%             | 2030-12-15      | Fixed         | 9.62%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                          | MS V5.948 01/19/38                                                                                                                   | CUSIP: 61747YFB6<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |     80000 | PA      | $84362.81     | 0.08%             | 2038-01-19      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Intercontinental Exchange Inc                           | ICE 4.95 06/15/52                                                                                                                    | CUSIP: 45866FAX2<br>LEI: 5493000F4ZO33MV32P92 | Long             | DBT              | CORP              | US        |    230000 | PA      | $210973.00    | 0.20%             | 2052-06-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Michaels Companies Inc.                                 | MIK 11 03/15/34 144A                                                                                                                 | CUSIP: 59408QAA4<br>LEI: 549300H9LWMBP7HYLR98 | Long             | DBT              | CORP              | US        |    170000 | PA      | $159044.00    | 0.15%             | 2034-03-15      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| Fox Corporation                                         | FOXA 5.476 01/25/39                                                                                                                  | CUSIP: 35137LAJ4<br>LEI: 549300DDU6FDRBIELS05 | Long             | DBT              | CORP              | US        |    480000 | PA      | $477585.37    | 0.45%             | 2039-01-25      | Fixed         | 5.48%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                            | ORCL 5.95 09/26/55                                                                                                                   | CUSIP: 68389XDR3<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    280000 | PA      | $246579.16    | 0.23%             | 2055-09-26      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Melco Resorts Finance Limited                           | MPEL 6.5 09/24/33 144A                                                                                                               | CUSIP: 58547DAJ8<br>LEI: 5493000FQDBWKDBZEF60 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $199660.04    | 0.19%             | 2033-09-24      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| LPL Holdings Inc.                                       | LPLA 5.65 03/15/35                                                                                                                   | CUSIP: 50212YAM6<br>LEI: 549300Z5YF8CCRMYUL26 | Long             | DBT              | CORP              | US        |    270000 | PA      | $274582.29    | 0.26%             | 2035-03-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| Philip Morris International Inc.                        | PM 4.25 11/10/44                                                                                                                     | CUSIP: 718172BL2<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |    610000 | PA      | $528389.64    | 0.50%             | 2044-11-10      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Intel Corporation                                       | INTC 4.9 07/29/45                                                                                                                    | CUSIP: 458140AT7<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |    120000 | PA      | $105628.07    | 0.10%             | 2045-07-29      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| FEDEX FREIGHT HOLDING COMPANY INC                       | FDX 4.95 03/15/33 144A                                                                                                               | CUSIP: 314352AE5<br>LEI: 984500Y1DA5A58ICE336 | Long             | DBT              | CORP              | US        |     60000 | PA      | $60019.44     | 0.06%             | 2033-03-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Royal Caribbean Cruises Ltd.                            | RCL 5.25 02/27/38                                                                                                                    | CUSIP: 78017TAD5<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |     50000 | PA      | $50100.05     | 0.05%             | 2038-02-27      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                   | BAC V5.518 10/25/35                                                                                                                  | CUSIP: 06051GMD8<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    520000 | PA      | $533816.47    | 0.50%             | 2035-10-25      | Fixed         | 5.52%                 | No            |                  2 | On Loan: No      |
| First Quantum Minerals Ltd.                             | FMCN 6.375 02/15/36 144A                                                                                                             | CUSIP: 335934AY1<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | DBT              | CORP              | CA        |    300000 | PA      | $301200.84    | 0.28%             | 2036-02-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Centerpoint Energy Houston Electric LLC                 | CNP 4.8 03/15/30                                                                                                                     | CUSIP: 15189XBG2<br>LEI: 549300S8SEQBOJLKHW63 | Long             | DBT              | CORP              | US        |    240000 | PA      | $247654.53    | 0.23%             | 2030-03-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| CHARTER COMMUNICATIONS OPERATING LLC                    | CHTR 6.484 10/23/45                                                                                                                  | CUSIP: 161175BA1<br>LEI: 549300TPZNMN50BJ3745 | Long             | DBT              | CORP              | US        |    420000 | PA      | $399083.55    | 0.38%             | 2045-10-23      | Fixed         | 6.48%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                            | ORCL 5.875 09/26/45                                                                                                                  | CUSIP: 68389XDP7<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    270000 | PA      | $244782.88    | 0.23%             | 2045-09-26      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| LPL Holdings Inc.                                       | LPLA 4 03/15/29 144A                                                                                                                 | CUSIP: 50212YAD6<br>LEI: 549300Z5YF8CCRMYUL26 | Long             | DBT              | CORP              | US        |    200000 | PA      | $197344.24    | 0.19%             | 2029-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                   | BAC 7.75 05/14/38                                                                                                                    | CUSIP: 59023VAA8<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    400000 | PA      | $490931.41    | 0.46%             | 2038-05-14      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                    | JPM V5.534 11/29/45                                                                                                                  | CUSIP: 46647PES1<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    260000 | PA      | $265858.52    | 0.25%             | 2045-11-29      | Fixed         | 5.53%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                    | JPM 6.4 05/15/38                                                                                                                     | CUSIP: 46625HHF0<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    880000 | PA      | $1000850.38   | 0.94%             | 2038-05-15      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                          | MS 6.375 07/24/42                                                                                                                    | CUSIP: 617482V92<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |     80000 | PA      | $89481.15     | 0.08%             | 2042-07-24      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Pacific Gas and Electric Company                        | PCG 4.95 07/01/50                                                                                                                    | CUSIP: 694308JN8<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    110000 | PA      | $95295.83     | 0.09%             | 2050-07-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Bank of Nova Scotia                                     | BNS V8 01/27/84                                                                                                                      | CUSIP: 0641598V1<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |    350000 | PA      | $374702.30    | 0.35%             | 2084-01-27      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Royal Caribbean Cruises Ltd.                            | RCL 4.75 05/15/33                                                                                                                    | CUSIP: 78017TAC7<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |    100000 | PA      | $100721.58    | 0.09%             | 2033-05-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Commonwealth Edison Company                             | EXC 6.45 01/15/38                                                                                                                    | CUSIP: 202795HT0<br>LEI: D8YOXB8L2ZDC8P7Q0771 | Long             | DBT              | CORP              | US        |    350000 | PA      | $396793.68    | 0.37%             | 2038-01-15      | Fixed         | 6.45%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc.                               | GS 6.25 02/01/41                                                                                                                     | CUSIP: 38141GGM0<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1641362.00   | 1.55%             | 2041-02-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| HSBC Holdings PLC                                       | HSBC V5.79 05/13/36                                                                                                                  | CUSIP: 404280EX3<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    280000 | PA      | $297749.95    | 0.28%             | 2036-05-13      | Fixed         | 5.79%                 | No            |                  2 | On Loan: No      |
| UnitedHealth Group Inc.                                 | UNH 5.5 07/15/44                                                                                                                     | CUSIP: 91324PFK3<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    180000 | PA      | $179426.94    | 0.17%             | 2044-07-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| GLP Capital L.P. and GLP Financing II, Inc.             | GLPI 5.625 03/01/36                                                                                                                  | CUSIP: 361841AX7<br>LEI: 2549005PXW31DRW8EC44 | Long             | DBT              | CORP              | US        |    360000 | PA      | $360342.02    | 0.34%             | 2036-03-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Petco Health and Wellness Company Inc                   | Petco Animal Supplies Term Loan B 425 2031-01-11                                                                                     | CUSIP: 71601HAG1<br>LEI: 2549007TYGV6RVSE9M61 | Long             | LON              | CORP              | US        |    130000 | PA      | $125287.50    | 0.12%             | 2031-01-22      | Floating      | 7.92%                 | No            |                  2 | On Loan: No      |
| Royal Caribbean Cruises Ltd.                            | RCL 5.375 01/15/36                                                                                                                   | CUSIP: 78017TAB9<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |    100000 | PA      | $102187.31    | 0.10%             | 2036-01-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| HSBC Holdings PLC                                       | HSBC V6.254 03/09/34                                                                                                                 | CUSIP: 404280DV8<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |   1000000 | PA      | $1093566.29   | 1.03%             | 2034-03-09      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| GE Aerospace                                            | GE 6.875 01/10/39 GMTN                                                                                                               | CUSIP: 36962G4B7<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | DBT              | CORP              | US        |    143000 | PA      | $170462.80    | 0.16%             | 2039-01-10      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| FEDEX FREIGHT HOLDING COMPANY INC                       | FDX 5.25 03/15/36 144A                                                                                                               | CUSIP: 314352AG0<br>LEI: 984500Y1DA5A58ICE336 | Long             | DBT              | CORP              | US        |    110000 | PA      | $109702.10    | 0.10%             | 2036-03-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| South Africa (Republic of)                              | SOAF 7.25 12/11/55 144A                                                                                                              | CUSIP: 836205BJ2<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |    200000 | PA      | $200298.50    | 0.19%             | 2055-12-11      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| General Motors Company                                  | GM 6.75 04/01/46                                                                                                                     | CUSIP: 37045VAL4<br>LEI: 54930070NSV60J38I987 | Long             | DBT              | CORP              | US        |    340000 | PA      | $367953.39    | 0.35%             | 2046-04-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Mexico (United Mexican States)                          | MEX 5.85 07/02/32                                                                                                                    | CUSIP: 91087BBE9<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    340000 | PA      | $351934.00    | 0.33%             | 2032-07-02      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| Synopsys Inc                                            | SNPS 5 04/01/32                                                                                                                      | CUSIP: 871607AD9<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | DBT              | CORP              | US        |    100000 | PA      | $103140.18    | 0.10%             | 2032-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Melco Resorts Finance Limited                           | MPEL 7.625 04/17/32 144A                                                                                                             | CUSIP: 58547DAH2<br>LEI: 5493000FQDBWKDBZEF60 | Long             | DBT              | CORP              | KY        |    280000 | PA      | $293651.11    | 0.28%             | 2032-04-17      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| CREDIT AGRICOLE SA                                      | ACAFP V6.316 10/03/29 144A                                                                                                           | CUSIP: 22535WAJ6<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | DBT              | CORP              | FR        |    450000 | PA      | $473726.26    | 0.45%             | 2029-10-03      | Fixed         | 6.32%                 | No            |                  2 | On Loan: No      |
| Intercontinental Exchange Inc                           | ICE 5.2 06/15/62                                                                                                                     | CUSIP: 45866FAY0<br>LEI: 5493000F4ZO33MV32P92 | Long             | DBT              | CORP              | US        |    240000 | PA      | $222531.78    | 0.21%             | 2062-06-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| CHARTER COMMUNICATIONS OPERATING LLC                    | CHTR 3.9 06/01/52                                                                                                                    | CUSIP: 161175CA0<br>LEI: 549300TPZNMN50BJ3745 | Long             | DBT              | CORP              | US        |    100000 | PA      | $65866.75     | 0.06%             | 2052-06-01      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| Granite Ridge Resources Inc                             | GRNT 8.875 11/05/29                                                                                                                  | CUSIP: 387432AA5<br>LEI: 254900CAHJQKOQ1YZC67 | Long             | DBT              | CORP              | US        |    330000 | PA      | $318243.75    | 0.30%             | 2029-11-05      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| UBS Group AG                                            | UBS V9.25 PERP 144A                                                                                                                  | CUSIP: 902613BE7<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |    440000 | PA      | $515771.52    | 0.49%             | N/A             | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| Michaels Companies Inc.                                 | MIK 8.5 03/15/33 144A                                                                                                                | CUSIP: 59408QAB2<br>LEI: 549300H9LWMBP7HYLR98 | Long             | DBT              | CORP              | US        |    210000 | PA      | $204454.92    | 0.19%             | 2033-03-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                          | MS V5.664 04/17/36                                                                                                                   | CUSIP: 61747YGA7<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    180000 | PA      | $190291.14    | 0.18%             | 2036-04-17      | Fixed         | 5.66%                 | No            |                  2 | On Loan: No      |
| UnitedHealth Group Inc.                                 | UNH 5.625 07/15/54                                                                                                                   | CUSIP: 91324PFL1<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    230000 | PA      | $227076.70    | 0.21%             | 2054-07-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Amgen Inc.                                              | AMGN 5.75 03/02/63                                                                                                                   | CUSIP: 031162DU1<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |     90000 | PA      | $89275.76     | 0.08%             | 2063-03-02      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Legg Mason Partners Institutional Trust                 | Legg Mason Partners Institutional Trust GVT RSEVS PRM                                                                                | CUSIP: 52470G494<br>LEI: 54930003LJE4ZPPMRV82 | Long             | STIV             | RF                | US        |    181293 | PA      | $181293.20    | 0.17%             | 2099-12-01      | Floating      | 0.00%                 | No            |                  1 | On Loan: No      |
| Southern Natural Gas Co LLC                             | SONGAS 8 03/01/32                                                                                                                    | CUSIP: 843452AZ6<br>LEI: 254900KDLS1X42SY7037 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1170177.07   | 1.10%             | 2032-03-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Hewlett Packard Enterprise Co.                          | HPE 5.6 10/15/54                                                                                                                     | CUSIP: 42824CBW8<br>LEI: 549300BX44RGX6ANDV88 | Long             | DBT              | CORP              | US        |     90000 | PA      | $82885.58     | 0.08%             | 2054-10-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| Broadcom Inc                                            | AVGO 4.95 01/15/36                                                                                                                   | CUSIP: 11135FDB4<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    290000 | PA      | $294360.11    | 0.28%             | 2036-01-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Imperial Brands Finance Plc                             | IMBLN 6.125 07/27/27 144A                                                                                                            | CUSIP: 45262BAF0<br>LEI: 2138008L3B3MCG1DFS50 | Long             | DBT              | CORP              | GB        |    510000 | PA      | $524081.70    | 0.49%             | 2027-07-27      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| UBS Group AG                                            | UBS V5.199 08/10/37 144A                                                                                                             | CUSIP: 225401BT4<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |    300000 | PA      | $302844.16    | 0.29%             | 2037-08-10      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| CI Financial Corp                                       | CIXCN 7.5 05/30/29 144A                                                                                                              | CUSIP: 125491AT7<br>LEI: 549300M9W7JJQSVCEM78 | Long             | DBT              | CORP              | CA        |    530000 | PA      | $566242.95    | 0.53%             | 2029-05-30      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| T-Mobile USA, Inc.                                      | TMUS 5 02/15/36                                                                                                                      | CUSIP: 87264ADZ5<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    130000 | PA      | $130884.55    | 0.12%             | 2036-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| General Motors Company                                  | GM 6.6 04/01/36                                                                                                                      | CUSIP: 37045VAK6<br>LEI: 54930070NSV60J38I987 | Long             | DBT              | CORP              | US        |    170000 | PA      | $186624.33    | 0.18%             | 2036-04-01      | Fixed         | 6.60%                 | No            |                  2 | On Loan: No      |
| Foundry JV Holdco LLC.                                  | FABSJV 6.25 01/25/35                                                                                                                 | CUSIP: 350930AD5<br>LEI: 21380048QROAMGM6EP30 | Long             | DBT              | CORP              | US        |    350000 | PA      | $377219.40    | 0.36%             | 2035-01-25      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Global Atlantic Finance Co.                             | GBLATL V7.25 03/01/56 144A                                                                                                           | CUSIP: 37959GAH0<br>LEI: 98450051B2E65CAA7E94 | Long             | DBT              | CORP              | US        |    330000 | PA      | $314578.95    | 0.30%             | 2056-03-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                             | IL ILS 6.72 04/01/2035                                                                                                               | CUSIP: 452152FA4<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    407692 | PA      | $435859.77    | 0.41%             | 2035-04-01      | Fixed         | 6.72%                 | No            |                  2 | On Loan: No      |
| Berkshire Hathaway Energy Company                       | BRKHEC 6.125 04/01/36                                                                                                                | CUSIP: 59562VAM9<br>LEI: 549300JD0S5IZJE9LY15 | Long             | DBT              | CORP              | US        |    590000 | PA      | $647475.56    | 0.61%             | 2036-04-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Venture Global Plaquemines Lng LLC                      | VEGLPL 6.75 01/15/36 144A                                                                                                            | CUSIP: 922966AD8<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |     70000 | PA      | $74606.42     | 0.07%             | 2036-01-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Enterprise Products Operating LLC                       | EPD 5.55 02/16/55                                                                                                                    | CUSIP: 29379VCH4<br>LEI: 5493004LGN656HWLDA30 | Long             | DBT              | CORP              | US        |    560000 | PA      | $554622.43    | 0.52%             | 2055-02-16      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| Brightstar Lottery PLC                                  | BRSL 5.25 01/15/29 144A                                                                                                              | CUSIP: 460599AE3<br>LEI: 549300UQ6KHRCZDRGZ76 | Long             | DBT              | CORP              | GB        |    410000 | PA      | $408507.76    | 0.38%             | 2029-01-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Cheniere Energy Partners Lp                             | CQP 5.55 10/30/35                                                                                                                    | CUSIP: 16411QAW1<br>LEI: 5493005UEC8AZ34LDV29 | Long             | DBT              | CORP              | US        |    180000 | PA      | $186874.44    | 0.18%             | 2035-10-30      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| Meta Platforms Inc                                      | META 5.5 11/15/45                                                                                                                    | CUSIP: 30303M8X3<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |    160000 | PA      | $158167.68    | 0.15%             | 2045-11-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Pacific Life Insurance Co.                              | PACLIF 5.95 09/15/55 144A                                                                                                            | CUSIP: 69448FAB7<br>LEI: 8WC3XYHE06SQFW7CQK10 | Long             | DBT              | CORP              | US        |    210000 | PA      | $213535.87    | 0.20%             | 2055-09-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Ivory Coast (Republic Of)                               | IVYCST 7.625 01/30/33 144A                                                                                                           | CUSIP: 221625AT3<br>LEI: 254900ICW11T82O6H590 | Long             | DBT              | NUSS              | CI        |    250000 | PA      | $268046.38    | 0.25%             | 2033-01-30      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| Abbott Laboratories                                     | ABT 4 03/15/31                                                                                                                       | CUSIP: 002824BS8<br>LEI: HQD377W2YR662HK5JX27 | Long             | DBT              | CORP              | US        |    330000 | PA      | $329815.63    | 0.31%             | 2031-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Oneok Inc.                                              | OKE 6.05 09/01/33                                                                                                                    | CUSIP: 682680BL6<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |    300000 | PA      | $322213.43    | 0.30%             | 2033-09-01      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                                       | WFC V5.605 04/23/36                                                                                                                  | CUSIP: 95000U3V3<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    190000 | PA      | $199900.18    | 0.19%             | 2036-04-23      | Fixed         | 5.61%                 | No            |                  2 | On Loan: No      |
| Williams Companies Inc. (The)                           | WMB 7.75 06/15/31                                                                                                                    | CUSIP: 969457BD1<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | DBT              | CORP              | US        |     62000 | PA      | $71377.83     | 0.07%             | 2031-06-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Alphabet Inc.                                           | GOOGL 5.5 02/15/46                                                                                                                   | CUSIP: 02079KBN6<br>LEI: 5493006MHB84DD0ZWV18 | Long             | DBT              | CORP              | US        |    110000 | PA      | $112079.76    | 0.11%             | 2046-02-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| HCA Inc.                                                | HCA 5.5 06/15/47                                                                                                                     | CUSIP: 404119BV0<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    210000 | PA      | $200851.05    | 0.19%             | 2047-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Rollins Inc                                             | ROL 5.25 02/24/35                                                                                                                    | CUSIP: 775711AC8<br>LEI: 549300F2A0BXT4SGWD84 | Long             | DBT              | CORP              | US        |     90000 | PA      | $92554.07     | 0.09%             | 2035-02-24      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Banco Mercantil Del Norte SA Cayman Islands Branch      | BANORT V8.75 PERP 144A                                                                                                               | CUSIP: 05971PAE8<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |    200000 | PA      | $220383.00    | 0.21%             | N/A             | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| Altria Group, Inc.                                      | MO 3.875 09/16/46                                                                                                                    | CUSIP: 02209SAV5<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | DBT              | CORP              | US        |    320000 | PA      | $246565.45    | 0.23%             | 2046-09-16      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Pacific Gas and Electric Company                        | PCG 5.7 03/01/35                                                                                                                     | CUSIP: 694308KU0<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    110000 | PA      | $114738.39    | 0.11%             | 2035-03-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Wynnton Funding Trust II                                | AFL 5.991 08/15/55                                                                                                                   | CUSIP: 983197AA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    480000 | PA      | $487278.24    | 0.46%             | 2055-08-15      | Fixed         | 5.99%                 | No            |                  2 | On Loan: No      |
| Energy Transfer LP                                      | ET 8.25 11/15/29 *                                                                                                                   | CUSIP: 29273RBC2<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    240000 | PA      | $271744.56    | 0.26%             | 2029-11-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| Entergy Texas Inc                                       | ETR 5.25 04/15/35                                                                                                                    | CUSIP: 29365TAQ7<br>LEI: LWXX58X12AJXISQ28573 | Long             | DBT              | CORP              | US        |    240000 | PA      | $249211.96    | 0.23%             | 2035-04-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| KKR Group Finance Company III LLC                       | KKR 5.125 06/01/44 144A                                                                                                              | CUSIP: 48250AAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    600000 | PA      | $553308.77    | 0.52%             | 2044-06-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Time Warner Cable Enterprises LLC                       | CHTR 8.375 07/15/33                                                                                                                  | CUSIP: 88731EAJ9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    220000 | PA      | $257354.50    | 0.24%             | 2033-07-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| GE Vernova Inc.                                         | GEV 4.875 02/04/36                                                                                                                   | CUSIP: 36828AAB7<br>LEI: 254900DP080RU6OK2553 | Long             | DBT              | CORP              | US        |    120000 | PA      | $121564.93    | 0.11%             | 2036-02-04      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Symetra Life Insurance Co.                              | SYA 6.55 10/01/55 144A                                                                                                               | CUSIP: 87151KAA7<br>LEI: 2CKADF5K7JYB5EG0VY36 | Long             | DBT              | CORP              | US        |    180000 | PA      | $187259.20    | 0.18%             | 2055-10-01      | Fixed         | 6.55%                 | No            |                  2 | On Loan: No      |
| Ares Capital Corp.                                      | ARCC 5.5 09/01/30                                                                                                                    | CUSIP: 04010LBK8<br>LEI: WEQ82666OJYSI5GUAB47 | Long             | DBT              | CORP              | US        |    410000 | PA      | $406147.31    | 0.38%             | 2030-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| AT&T Inc                                                | T 3.55 09/15/55                                                                                                                      | CUSIP: 00206RLJ9<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    380000 | PA      | $257557.54    | 0.24%             | 2055-09-15      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| Meta Platforms Inc                                      | META 5.75 11/15/65                                                                                                                   | CUSIP: 30303M8Y1<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |    280000 | PA      | $272982.60    | 0.26%             | 2065-11-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CVS Health Corp                                         | CVS V7 03/10/55                                                                                                                      | CUSIP: 126650EH9<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    140000 | PA      | $147337.26    | 0.14%             | 2055-03-10      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Mexico (United Mexican States)                          | MEX 6.625 01/29/38                                                                                                                   | CUSIP: 91087BBF6<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    210000 | PA      | $222390.00    | 0.21%             | 2038-01-29      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Alphabet Inc.                                           | GOOGL 4.1 02/15/31                                                                                                                   | CUSIP: 02079KBK2<br>LEI: 5493006MHB84DD0ZWV18 | Long             | DBT              | CORP              | US        |     40000 | PA      | $40272.14     | 0.04%             | 2031-02-15      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                          | BNP V5.786 01/13/33 144A                                                                                                             | CUSIP: 09659W3A0<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |    210000 | PA      | $222516.02    | 0.21%             | 2033-01-13      | Fixed         | 5.79%                 | No            |                  2 | On Loan: No      |
| Interstate Power & Light Company                        | LNT 5.45 09/30/54                                                                                                                    | CUSIP: 461070AW4<br>LEI: EF9UQIIO4KY2BWOK3P26 | Long             | DBT              | CORP              | US        |     90000 | PA      | $86842.89     | 0.08%             | 2054-09-30      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Paramount Global                                        | PARA 7.875 07/30/30                                                                                                                  | CUSIP: 925524AH3<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | DBT              | CORP              | US        |    230000 | PA      | $242379.03    | 0.23%             | 2030-07-30      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.             | 5-Year T-Note Futures, Jun-2026,ETH                                                                                                  | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |        28 | NC      | $12898.25     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| HCA Inc.                                                | HCA 5.25 06/15/49                                                                                                                    | CUSIP: 404119BZ1<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    310000 | PA      | $284470.17    | 0.27%             | 2049-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Global Atlantic Finance Co.                             | GBLATL 6.75 03/15/54 144A                                                                                                            | CUSIP: 37959GAF4<br>LEI: 98450051B2E65CAA7E94 | Long             | DBT              | CORP              | US        |    500000 | PA      | $470696.03    | 0.44%             | 2054-03-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| T-Mobile USA, Inc.                                      | TMUS 5.85 02/15/56                                                                                                                   | CUSIP: 87264AEA9<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    200000 | PA      | $200953.48    | 0.19%             | 2056-02-15      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| Banco Mercantil Del Norte SA Cayman Islands Branch      | BANORT V8.375 PERP 144A                                                                                                              | CUSIP: 05971PAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |    200000 | PA      | $215847.00    | 0.20%             | N/A             | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| CommonSpirit Health                                     | CATMED 5.318 12/01/34                                                                                                                | CUSIP: 20268JAS2<br>LEI: 4SXHN5XW08IBO0UG2V58 | Long             | DBT              | CORP              | US        |    250000 | PA      | $258312.06    | 0.24%             | 2034-12-01      | Fixed         | 5.32%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH                                   | NY NYSHGR 5.83 07/01/2055                                                                                                            | CUSIP: 64985SFG3<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    230000 | PA      | $249313.24    | 0.23%             | 2055-07-01      | Fixed         | 5.83%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                   | BAC 5.875 02/07/42 MTN                                                                                                               | CUSIP: 06051GEN5<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    790000 | PA      | $847880.96    | 0.80%             | 2042-02-07      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Synopsys Inc                                            | SNPS 5.7 04/01/55                                                                                                                    | CUSIP: 871607AG2<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | DBT              | CORP              | US        |    100000 | PA      | $100012.79    | 0.09%             | 2055-04-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Alphabet Inc.                                           | GOOGL 4.4 02/15/33                                                                                                                   | CUSIP: 02079KBL0<br>LEI: 5493006MHB84DD0ZWV18 | Long             | DBT              | CORP              | US        |     90000 | PA      | $90819.77     | 0.09%             | 2033-02-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| FEDEX FREIGHT HOLDING COMPANY INC                       | FDX 4.65 03/15/31 144A                                                                                                               | CUSIP: 314352AC9<br>LEI: 984500Y1DA5A58ICE336 | Long             | DBT              | CORP              | US        |    120000 | PA      | $120704.52    | 0.11%             | 2031-03-15      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Travelers Companies, Inc.                               | TRV 6.25 06/15/37 MTN                                                                                                                | CUSIP: 89417EAD1<br>LEI: 549300Y650407RU8B149 | Long             | DBT              | CORP              | US        |    240000 | PA      | $269027.22    | 0.25%             | 2037-06-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Mexico (United Mexican States)                          | MEX 5.375 03/22/33                                                                                                                   | CUSIP: 91087BBK5<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    230000 | PA      | $230586.50    | 0.22%             | 2033-03-22      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Alphabet Inc.                                           | GOOGL 4.8 02/15/36                                                                                                                   | CUSIP: 02079KBM8<br>LEI: 5493006MHB84DD0ZWV18 | Long             | DBT              | CORP              | US        |    110000 | PA      | $111849.89    | 0.11%             | 2036-02-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                    | JPM 5.625 08/16/43                                                                                                                   | CUSIP: 46625HJM3<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    450000 | PA      | $465528.70    | 0.44%             | 2043-08-16      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Amrize Finance US LLC                                   | AMRZ 5.4 04/07/35                                                                                                                    | CUSIP: 43475RAT3<br>LEI: 529900FB2F1WKLFNGY62 | Long             | DBT              | CORP              | US        |    170000 | PA      | $177840.68    | 0.17%             | 2035-04-07      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Teachers Insurance and Annuity Association of America   | TIAAGL 6.85 12/16/39 144A                                                                                                            | CUSIP: 878091BC0<br>LEI: O06XD7BJ4EPXNABVFN69 | Long             | DBT              | CORP              | US        |    650000 | PA      | $759013.44    | 0.72%             | 2039-12-16      | Fixed         | 6.85%                 | No            |                  2 | On Loan: No      |
| Full House Resorts Inc.                                 | FLL 8.25 02/15/28 144A                                                                                                               | CUSIP: 359678AC3<br>LEI: 5493009DKIWW0H901Y82 | Long             | DBT              | CORP              | US        |    440000 | PA      | $382800.00    | 0.36%             | 2028-02-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| Eagle Funding Luxco S.a.r.l.                            | MEXPCP 5.5 08/17/30 144A                                                                                                             | CUSIP: 26951TAA8<br>LEI: 894500VDP08MVIZ6OA60 | Long             | DBT              | CORP              | LU        |    350000 | PA      | $356524.00    | 0.34%             | 2030-08-17      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Orlando Health Obligated Group                          | ORHLTH 5.475 10/01/35                                                                                                                | CUSIP: 686514AP5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    170000 | PA      | $180924.96    | 0.17%             | 2035-10-01      | Fixed         | 5.47%                 | No            |                  2 | On Loan: No      |
| Expand Energy Corp.                                     | EXE 5.7 01/15/35                                                                                                                     | CUSIP: 165167DH7<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | DBT              | CORP              | US        |     50000 | PA      | $52376.97     | 0.05%             | 2035-01-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Southwest Airlines Co.                                  | LUV 5.125 06/15/27                                                                                                                   | CUSIP: 844741BK3<br>LEI: UDTZ87G0STFETI6HGH41 | Long             | DBT              | CORP              | US        |    170000 | PA      | $172041.76    | 0.16%             | 2027-06-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Truist Financial Corp.                                  | TFC V5.867 06/08/34 MTN                                                                                                              | CUSIP: 89788MAP7<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |    150000 | PA      | $160524.75    | 0.15%             | 2034-06-08      | Fixed         | 5.87%                 | No            |                  2 | On Loan: No      |
| UnitedHealth Group Inc.                                 | UNH 5.3 06/15/35                                                                                                                     | CUSIP: 91324PFQ0<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |     80000 | PA      | $83510.72     | 0.08%             | 2035-06-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                          | BNP V8.5 PERP 144A                                                                                                                   | CUSIP: 05565A5R0<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |    290000 | PA      | $310215.61    | 0.29%             | N/A             | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| MetLife Inc.                                            | MET 9.25 04/08/38                                                                                                                    | CUSIP: 59156RBS6<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | DBT              | CORP              | US        |    159000 | PA      | $190162.73    | 0.18%             | 2038-04-08      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| CCO Holdings, LLC/ CCO Holdings Capital Corp.           | CHTR 4.5 05/01/32                                                                                                                    | CUSIP: 1248EPCN1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    540000 | PA      | $494556.03    | 0.47%             | 2032-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Brazil (Federative Republic)                            | BRAZIL 6.125 03/15/34                                                                                                                | CUSIP: 105756CH1<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |    310000 | PA      | $318401.00    | 0.30%             | 2034-03-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Boeing Co.                                              | BA 6.528 05/01/34                                                                                                                    | CUSIP: 097023DS1<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    720000 | PA      | $807500.15    | 0.76%             | 2034-05-01      | Fixed         | 6.53%                 | No            |                  2 | On Loan: No      |
| Reynolds American Inc.                                  | BATSLN 7 08/04/41 *                                                                                                                  | CUSIP: 761713BW5<br>LEI: 02S2RPPVO9RP4NEU2740 | Long             | DBT              | CORP              | US        |    300000 | PA      | $337165.20    | 0.32%             | 2041-08-04      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Mars Inc.                                               | MARS 5.7 05/01/55 144A                                                                                                               | CUSIP: 571676BC8<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |     60000 | PA      | $60886.26     | 0.06%             | 2055-05-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Volkswagen Group of America Finance LLC                 | VW 5.25 03/22/29 144A                                                                                                                | CUSIP: 928668CG5<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |    560000 | PA      | $575220.42    | 0.54%             | 2029-03-22      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Constellation Energy Generation LLC                     | CEG 5.875 01/15/66                                                                                                                   | CUSIP: 210385AR1<br>LEI: S2PEWKCZFFECR4533P43 | Long             | DBT              | CORP              | US        |    190000 | PA      | $189798.96    | 0.18%             | 2066-01-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| ANTERO MIDSTREAM PARTNERS LP                            | AM 6.625 02/01/32 144A                                                                                                               | CUSIP: 03690AAK2<br>LEI: 529900HFO1BDEIT4QU11 | Long             | DBT              | CORP              | US        |    250000 | PA      | $260023.75    | 0.25%             | 2032-02-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Argentina (Republic Of)                                 | ARGENT 1 07/09/29                                                                                                                    | CUSIP: 040114HX1<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |      8013 | PA      | $7091.37      | 0.01%             | 2029-07-09      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| L3 Harris Technologies Inc                              | LHX 5.4 07/31/33                                                                                                                     | CUSIP: 502431AQ2<br>LEI: 549300UTE50ZMDBG8A20 | Long             | DBT              | CORP              | US        |    170000 | PA      | $179156.36    | 0.17%             | 2033-07-31      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Ivory Coast (Republic Of)                               | IVYCST 6.75 02/25/41 144A                                                                                                            | CUSIP: 221625AX4<br>LEI: 254900ICW11T82O6H590 | Long             | DBT              | NUSS              | CI        |    320000 | PA      | $305815.85    | 0.29%             | 2041-02-25      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Hexcel Corporation                                      | HXL 5.875 02/26/35                                                                                                                   | CUSIP: 428291AP3<br>LEI: S6Q7LW43WUBUHXY2QP69 | Long             | DBT              | CORP              | US        |    230000 | PA      | $245348.13    | 0.23%             | 2035-02-26      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Nippon Life Insurance Co.                               | NIPLIF V6.5 04/30/55 144a                                                                                                            | CUSIP: 654579AP6<br>LEI: 549300Y0HHMFW3EVWY08 | Long             | DBT              | CORP              | JP        |    200000 | PA      | $215197.60    | 0.20%             | 2055-04-30      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                    | JPM V5.294 07/22/35                                                                                                                  | CUSIP: 46647PEK8<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    280000 | PA      | $290857.94    | 0.27%             | 2035-07-22      | Fixed         | 5.29%                 | No            |                  2 | On Loan: No      |
| Mars Inc.                                               | MARS 5.65 05/01/45 144a                                                                                                              | CUSIP: 571676BB0<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |    150000 | PA      | $153596.21    | 0.14%             | 2045-05-01      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                          | MS V2.802 01/25/52 MTN                                                                                                               | CUSIP: 6174468Y8<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    320000 | PA      | $205439.26    | 0.19%             | 2052-01-25      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| Millrose Properties Inc.                                | MRP 6.375 08/01/30 144A                                                                                                              | CUSIP: 601137AA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    370000 | PA      | $379805.00    | 0.36%             | 2030-08-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                   | BAC V5.511 01/24/36                                                                                                                  | CUSIP: 06051GMM8<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    390000 | PA      | $409484.77    | 0.39%             | 2036-01-24      | Fixed         | 5.51%                 | No            |                  2 | On Loan: No      |
| Truist Financial Corp.                                  | TFC V7.161 10/30/29 MTN                                                                                                              | CUSIP: 89788MAQ5<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |    210000 | PA      | $226101.26    | 0.21%             | 2029-10-30      | Fixed         | 7.16%                 | No            |                  2 | On Loan: No      |
| AES Corp.                                               | AES V6.95 07/15/55                                                                                                                   | CUSIP: 00130HCL7<br>LEI: 2NUNNB7D43COUIRE5295 | Long             | DBT              | CORP              | US        |    100000 | PA      | $96726.28     | 0.09%             | 2055-07-15      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| Reynolds American Inc.                                  | BATSLN 8.125 05/01/40 *                                                                                                              | CUSIP: 761713BV7<br>LEI: 02S2RPPVO9RP4NEU2740 | Long             | DBT              | CORP              | US        |    280000 | PA      | $342089.26    | 0.32%             | 2040-05-01      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                            | ORCL 5.35 05/04/33                                                                                                                   | CUSIP: 68389XDY8<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |     70000 | PA      | $70257.12     | 0.07%             | 2033-05-04      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| Abbott Laboratories                                     | ABT 4.75 03/15/38                                                                                                                    | CUSIP: 002824BV1<br>LEI: HQD377W2YR662HK5JX27 | Long             | DBT              | CORP              | US        |    120000 | PA      | $119698.07    | 0.11%             | 2038-03-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                          | BNP V6.875 PERP 144A                                                                                                                 | CUSIP: 05602XQR2<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |    360000 | PA      | $362044.08    | 0.34%             | N/A             | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Freeport-McMoRan Inc.                                   | FCX 5.45 03/15/43                                                                                                                    | CUSIP: 35671DBC8<br>LEI: 549300IRDTHJQ1PVET45 | Long             | DBT              | CORP              | US        |    410000 | PA      | $405883.76    | 0.38%             | 2043-03-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Royal Caribbean Group                                   | RCL 3.7 03/15/28                                                                                                                     | CUSIP: 780153AW2<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |    630000 | PA      | $626455.89    | 0.59%             | 2028-03-15      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| Air Lease Corporation                                   | AL 5.85 12/15/27                                                                                                                     | CUSIP: 00914AAT9<br>LEI: 5493004NW4M4P8TMMK63 | Long             | DBT              | CORP              | US        |    480000 | PA      | $494563.32    | 0.47%             | 2027-12-15      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| ArcelorMittal S.A.                                      | MTNA 6.55 11/29/27                                                                                                                   | CUSIP: 03938LBE3<br>LEI: 2EULGUTUI56JI9SAL165 | Long             | DBT              | CORP              | LU        |    140000 | PA      | $145623.07    | 0.14%             | 2027-11-29      | Fixed         | 6.55%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                    | JPM V4.898 01/22/37                                                                                                                  | CUSIP: 46647PFJ0<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    210000 | PA      | $211340.23    | 0.20%             | 2037-01-22      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Mars Inc.                                               | MARS 5.2 03/01/35 144A                                                                                                               | CUSIP: 571676BA2<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |     70000 | PA      | $72507.77     | 0.07%             | 2035-03-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| BPCE SA                                                 | BPCEGP V6.714 10/19/29 144A                                                                                                          | CUSIP: 05571AAR6<br>LEI: 9695005MSX1OYEMGDF46 | Long             | DBT              | CORP              | FR        |    280000 | PA      | $297405.67    | 0.28%             | 2029-10-19      | Fixed         | 6.71%                 | No            |                  2 | On Loan: No      |
| Gulfstream Natural Gas System LLC                       | GULFNG 5.6 07/23/35 144A                                                                                                             | CUSIP: 402740AG9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    360000 | PA      | $375161.71    | 0.35%             | 2035-07-23      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| NRG Energy, Inc.                                        | NRG 5.407 10/15/35 144A                                                                                                              | CUSIP: 629377DB5<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    160000 | PA      | $161798.40    | 0.15%             | 2035-10-15      | Fixed         | 5.41%                 | No            |                  2 | On Loan: No      |
| Abbott Laboratories                                     | ABT 4.65 03/15/36                                                                                                                    | CUSIP: 002824BU3<br>LEI: HQD377W2YR662HK5JX27 | Long             | DBT              | CORP              | US        |    210000 | PA      | $210146.88    | 0.20%             | 2036-03-15      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| LADDER CAPITAL FINANCE HOLDINGS LLLP                    | LADR 7 07/15/31 144A                                                                                                                 | CUSIP: 505742AR7<br>LEI: 254900TBF2Z4GR7NSX02 | Long             | DBT              | CORP              | US        |     20000 | PA      | $21104.34     | 0.02%             | 2031-07-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Broadcom Inc                                            | AVGO 4.9 02/15/38                                                                                                                    | CUSIP: 11135FCX7<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    160000 | PA      | $159187.32    | 0.15%             | 2038-02-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| OCP SA                                                  | OCPMR 6.75 05/02/34 144A                                                                                                             | CUSIP: 67091TAF2<br>LEI: 213800D26TAPVTCVWG40 | Long             | DBT              | CORP              | MA        |    390000 | PA      | $422809.78    | 0.40%             | 2034-05-02      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Broadcom Inc                                            | AVGO 4.926 05/15/37 144A                                                                                                             | CUSIP: 11135FBV2<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    239000 | PA      | $239161.50    | 0.23%             | 2037-05-15      | Fixed         | 4.93%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                            | ORCL 4.95 02/04/31                                                                                                                   | CUSIP: 68389XDX0<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |     30000 | PA      | $29947.28     | 0.03%             | 2031-02-04      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Schweitzer-Mauduit International Inc                    | Mativ Holdings Inc                                                                                                                   | CUSIP: 80854EAH1<br>LEI: 549300Z1FU4IDULG1R21 | Long             | LON              | CORP              | US        |     28177 | PA      | $28053.80     | 0.03%             | 2028-04-20      | Floating      | 7.54%                 | No            |                  2 | On Loan: No      |
| U.S. Bancorp.                                           | USB V5.033 01/26/37                                                                                                                  | CUSIP: 91159HJY7<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |    530000 | PA      | $535907.26    | 0.51%             | 2037-01-26      | Fixed         | 5.03%                 | No            |                  2 | On Loan: No      |
| Delphi Financial Group, Inc.                            | Delphi Financial Group, Inc. 7.376% FIXED TO FLOAT RATE JUNIOR SUBORDINATED DEBENTURES DUE 2067                                      | CUSIP: 247131303<br>LEI: 5493001NGT0EEYMZG011 | Long             | EP               | CORP              | US        |      9325 | NS      | $224965.63    | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Alphabet Inc.                                           | GOOGL 5.45 11/15/55                                                                                                                  | CUSIP: 02079KBA4<br>LEI: 5493006MHB84DD0ZWV18 | Long             | DBT              | CORP              | US        |     80000 | PA      | $79576.92     | 0.07%             | 2055-11-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| WarnerMedia Holdings Inc.                               | WBD 5.141 03/15/52 *                                                                                                                 | CUSIP: 55903VBU6<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |     98000 | PA      | $64435.00     | 0.06%             | 2052-03-15      | Fixed         | 5.14%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                            | T 4.125 02/15/36                                                                                                                     | CUSIP: 91282CPZ8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     80000 | PA      | $81068.75     | 0.08%             | 2036-02-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                                       | WFC V4.96 01/23/37                                                                                                                   | CUSIP: 95000U4E0<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    240000 | PA      | $241005.99    | 0.23%             | 2037-01-23      | Fixed         | 4.96%                 | No            |                  2 | On Loan: No      |
| Aes Andes S.A                                           | AES 6.25 03/14/32 144A                                                                                                               | CUSIP: 00111VAD9<br>LEI: 549300IF4IFG0FS0RM26 | Long             | DBT              | CORP              | CL        |    200000 | PA      | $208343.40    | 0.20%             | 2032-03-14      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Blackstone Holdings Finance Co. L.L.C.                  | BX 6.2 04/22/33 144A                                                                                                                 | CUSIP: 09261BAK6<br>LEI: 549300D2L6J4NC1QVZ22 | Long             | DBT              | CORP              | US        |    410000 | PA      | $445587.98    | 0.42%             | 2033-04-22      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| MetLife Inc.                                            | MET V5.85 03/15/56 .                                                                                                                 | CUSIP: 59156RCR7<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | DBT              | CORP              | US        |    300000 | PA      | $298001.91    | 0.28%             | 2056-03-15      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| Abbott Laboratories                                     | ABT 4.3 03/15/33                                                                                                                     | CUSIP: 002824BT6<br>LEI: HQD377W2YR662HK5JX27 | Long             | DBT              | CORP              | US        |    180000 | PA      | $179874.87    | 0.17%             | 2033-03-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                   | BAC V5.045 02/06/37                                                                                                                  | CUSIP: 060505GR9<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    310000 | PA      | $314600.41    | 0.30%             | 2037-02-06      | Fixed         | 5.04%                 | No            |                  2 | On Loan: No      |
| LADDER CAPITAL FINANCE HOLDINGS LLLP                    | LADR 5.5 08/01/30                                                                                                                    | CUSIP: 505742AS5<br>LEI: 254900TBF2Z4GR7NSX02 | Long             | DBT              | CORP              | US        |    100000 | PA      | $102758.40    | 0.10%             | 2030-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| AMERICAN AIRLINES INC                                   | AAL 4.9 05/11/38                                                                                                                     | CUSIP: 02377NAA8<br>LEI: IWUQB36BXD6OWD6X4T14 | Long             | ABS-O            | CORP              | US        |    120000 | PA      | $120871.84    | 0.11%             | 2038-05-11      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Electricite de France SA                                | EDF 5.75 01/13/35 144A                                                                                                               | CUSIP: 28504DAF0<br>LEI: 549300X3UK4GG3FNMO06 | Long             | DBT              | CORP              | FR        |    130000 | PA      | $138467.14    | 0.13%             | 2035-01-13      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Targa Resources Corp.                                   | TRGP 5.5 02/15/35                                                                                                                    | CUSIP: 87612GAK7<br>LEI: 5493003QENHHS261UR94 | Long             | DBT              | CORP              | US        |    270000 | PA      | $279514.21    | 0.26%             | 2035-02-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| American Express Company                                | AXP V5.667 04/25/36                                                                                                                  | CUSIP: 025816EH8<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |    230000 | PA      | $243661.47    | 0.23%             | 2036-04-25      | Fixed         | 5.67%                 | No            |                  2 | On Loan: No      |
| South Africa (Republic of)                              | SOAF 6.125 12/11/37 144A                                                                                                             | CUSIP: 836205BH6<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |    200000 | PA      | $197615.00    | 0.19%             | 2037-12-11      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Huntington Bancshares Incorporated                      | HBAN V5.605 01/28/41                                                                                                                 | CUSIP: 446150BL7<br>LEI: 549300XTVCVV9I7B5T19 | Long             | DBT              | CORP              | US        |    300000 | PA      | $301565.11    | 0.28%             | 2041-01-28      | Fixed         | 5.61%                 | No            |                  2 | On Loan: No      |
| MetLife Inc.                                            | MET V6.35 03/15/55 G                                                                                                                 | CUSIP: 59156RCQ9<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | DBT              | CORP              | US        |    240000 | PA      | $249388.56    | 0.24%             | 2055-03-15      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| Celanese US Holdings Llc                                | CE 7 02/15/31                                                                                                                        | CUSIP: 15089QBC7<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |     60000 | PA      | $61834.56     | 0.06%             | 2031-02-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Heico Corp                                              | HEI 5.35 08/01/33                                                                                                                    | CUSIP: 422806AB5<br>LEI: 529900O1DTDLCJ7L0I14 | Long             | DBT              | CORP              | US        |    280000 | PA      | $293980.07    | 0.28%             | 2033-08-01      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| United Airlines Holdings Inc                            | UAL 5.375 03/01/31                                                                                                                   | CUSIP: 910047AL3<br>LEI: 98450079DA0B78DD6764 | Long             | DBT              | CORP              | US        |    120000 | PA      | $122497.15    | 0.12%             | 2031-03-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Petrobras Global Finance B.V.                           | PETBRA 7.375 01/17/27                                                                                                                | CUSIP: 71647NAS8<br>LEI: 549300FNENFFSMO3GT38 | Long             | DBT              | CORP              | NL        |    530000 | PA      | $543659.16    | 0.51%             | 2027-01-17      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| GE Vernova Inc.                                         | GEV 5.5 02/04/56                                                                                                                     | CUSIP: 36828AAC5<br>LEI: 254900DP080RU6OK2553 | Long             | DBT              | CORP              | US        |     70000 | PA      | $69499.96     | 0.07%             | 2056-02-04      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Amgen Inc.                                              | AMGN 5.65 03/02/53                                                                                                                   | CUSIP: 031162DT4<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |    270000 | PA      | $269704.43    | 0.25%             | 2053-03-02      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| Reinsurance Group of America, Incorporated              | RGA V6.375 09/15/56                                                                                                                  | CUSIP: 759351AV1<br>LEI: LORM1GNEU1DKEW527V90 | Long             | DBT              | CORP              | US        |    100000 | PA      | $100135.80    | 0.09%             | 2056-09-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| DISH DBS Corporation                                    | DISH 5.75 12/01/28 144A                                                                                                              | CUSIP: 25470XBF1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    250000 | PA      | $242667.65    | 0.23%             | 2028-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Saudi Arabian Oil Company                               | ARAMCO 6.375 06/02/55 144A                                                                                                           | CUSIP: 80414L3F0<br>LEI: 5586006WD91QHB7J4X50 | Long             | DBT              | CORP              | SA        |    200000 | PA      | $210972.45    | 0.20%             | 2055-06-02      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| The J M Smucker Company                                 | SJM 6.2 11/15/33                                                                                                                     | CUSIP: 832696AX6<br>LEI: 5493000WDH6A0LHDJD55 | Long             | DBT              | CORP              | US        |    210000 | PA      | $230508.94    | 0.22%             | 2033-11-15      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| Spire Inc                                               | SR V6.25 06/01/56                                                                                                                    | CUSIP: 84857LAD3<br>LEI: 549300NXSY15DRY2R511 | Long             | DBT              | CORP              | US        |    240000 | PA      | $241616.88    | 0.23%             | 2056-06-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc.                               | GS V5.065 01/21/37                                                                                                                   | CUSIP: 38145GAS9<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    640000 | PA      | $644750.16    | 0.61%             | 2037-01-21      | Fixed         | 5.07%                 | No            |                  2 | On Loan: No      |
| PECO Energy Co.                                         | EXC 5.25 09/15/54                                                                                                                    | CUSIP: 693304BG1<br>LEI: YH65D4JBECK76IFEJ279 | Long             | DBT              | CORP              | US        |    140000 | PA      | $133293.82    | 0.13%             | 2054-09-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Buenos Aires (Province Of)                              | BUENOS 6.625 09/01/37 144A                                                                                                           | CUSIP: 000000000<br>LEI: 549300L6AYROPOTQ4L07 | Long             | DBT              | NUSS              | AR        |    139491 | PA      | $110950.08    | 0.10%             | 2037-09-01      | Variable      | 6.62%                 | No            |                  2 | On Loan: No      |
| Team Services Holding Inc.                              | TEAPUB 9 02/15/33 144A                                                                                                               | CUSIP: 87821TAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    120000 | PA      | $117475.20    | 0.11%             | 2033-02-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Alphabet Inc.                                           | GOOGL 5.25 05/15/55                                                                                                                  | CUSIP: 02079KAM9<br>LEI: 5493006MHB84DD0ZWV18 | Long             | DBT              | CORP              | US        |    220000 | PA      | $214298.84    | 0.20%             | 2055-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Energy Transfer LP                                      | ET 6.625 10/15/36                                                                                                                    | CUSIP: 29273RAF6<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |     20000 | PA      | $22342.88     | 0.02%             | 2036-10-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Hyundai Capital America                                 | HYNMTR 5.25 01/08/27 144A                                                                                                            | CUSIP: 44891ACT2<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |    300000 | PA      | $303290.56    | 0.29%             | 2027-01-08      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Northwestern Mutual Life Insurance Co.                  | NWMLIC 6.17 05/29/55 144A                                                                                                            | CUSIP: 668138AF7<br>LEI: 1DU7IM20QESYGDO4HO54 | Long             | DBT              | CORP              | US        |    190000 | PA      | $205228.68    | 0.19%             | 2055-05-29      | Fixed         | 6.17%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                          | Citigroup Inc. DEPOSITARY SHARES EACH REPRESENTING A 1/1,000TH INTEREST IN A SHARE OF 6.25% NONCUMULATIVE PREFERRED STOCK, SERIES II | CUSIP: 172967242<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EP               | CORP              | US        |     13375 | NS      | $339725.00    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| B.A.T. Capital Corporation                              | BATSLN 6.25 08/15/55                                                                                                                 | CUSIP: 05526DCD5<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |    100000 | PA      | $104453.13    | 0.10%             | 2055-08-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Pfizer Inc.                                             | PFE 7.2 03/15/39                                                                                                                     | CUSIP: 717081CY7<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | DBT              | CORP              | US        |    330000 | PA      | $398824.65    | 0.38%             | 2039-03-15      | Fixed         | 7.20%                 | No            |                  2 | On Loan: No      |
| Southwest Airlines Co.                                  | LUV 5.25 11/15/35                                                                                                                    | CUSIP: 844741BM9<br>LEI: UDTZ87G0STFETI6HGH41 | Long             | DBT              | CORP              | US        |    320000 | PA      | $317515.36    | 0.30%             | 2035-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Amgen Inc.                                              | AMGN 5.25 03/02/33                                                                                                                   | CUSIP: 031162DR8<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |    680000 | PA      | $712212.67    | 0.67%             | 2033-03-02      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Mexico (United Mexican States)                          | MEX 6.4 05/07/54                                                                                                                     | CUSIP: 91087BBA7<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    280000 | PA      | $274064.00    | 0.26%             | 2054-05-07      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| Energy Transfer LP                                      | ET 5.8 06/15/38 20Y                                                                                                                  | CUSIP: 29278NAD5<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |     60000 | PA      | $62433.05     | 0.06%             | 2038-06-15      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS SECURITIES CORP.                            | USD/JPY FORWARD                                                                                                                      | CUSIP: 000000000<br>LEI: RCNB6OTYUAMMP879YW96 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-189.06      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley                                          | MS V5.314 01/18/41                                                                                                                   | CUSIP: 61748UAP7<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    400000 | PA      | $398118.74    | 0.38%             | 2041-01-18      | Fixed         | 5.31%                 | No            |                  2 | On Loan: No      |
| Devon Energy Corporation                                | DVN 5.75 09/15/54                                                                                                                    | CUSIP: 25179MBH5<br>LEI: 54930042348RKR3ZPN35 | Long             | DBT              | CORP              | US        |    190000 | PA      | $185280.70    | 0.17%             | 2054-09-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| State Street Corp.                                      | STT V6.7 PERP I                                                                                                                      | CUSIP: 857477CH4<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |    380000 | PA      | $398144.24    | 0.38%             | N/A             | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| Allianz SE                                              | ALVGR V6.55 PERP 144a                                                                                                                | CUSIP: 018820AE0<br>LEI: 529900K9B0N5BT694847 | Long             | DBT              | CORP              | DE        |    400000 | PA      | $414829.60    | 0.39%             | N/A             | Fixed         | 6.55%                 | No            |                  2 | On Loan: No      |
| Foundry JV Holdco LLC.                                  | FABSJV 5.9 01/25/33                                                                                                                  | CUSIP: 350930AG8<br>LEI: 21380048QROAMGM6EP30 | Long             | DBT              | CORP              | US        |    200000 | PA      | $212093.82    | 0.20%             | 2033-01-25      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| Allianz SE                                              | ALVGR V5.6 09/03/54 144A                                                                                                             | CUSIP: 018820AD2<br>LEI: 529900K9B0N5BT694847 | Long             | DBT              | CORP              | DE        |    200000 | PA      | $205267.80    | 0.19%             | 2054-09-03      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                          | C 6.675 09/13/43                                                                                                                     | CUSIP: 172967HA2<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    370000 | PA      | $418358.56    | 0.39%             | 2043-09-13      | Fixed         | 6.67%                 | No            |                  2 | On Loan: No      |
| Autodesk Inc                                            | ADSK 5.3 06/15/35                                                                                                                    | CUSIP: 052769AJ5<br>LEI: FRKKVKAIQEF3FCSTPG55 | Long             | DBT              | CORP              | US        |     80000 | PA      | $82006.92     | 0.08%             | 2035-06-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Carnival Corporation                                    | CCL 5.75 03/15/30 144A                                                                                                               | CUSIP: 143658BY7<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |    420000 | PA      | $434673.96    | 0.41%             | 2030-03-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Boeing Co.                                              | BA 5.705 05/01/40                                                                                                                    | CUSIP: 097023CV5<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    190000 | PA      | $197776.70    | 0.19%             | 2040-05-01      | Fixed         | 5.71%                 | No            |                  2 | On Loan: No      |
| Foundry JV Holdco LLC.                                  | FABSJV 6.1 01/25/36                                                                                                                  | CUSIP: 350930AH6<br>LEI: 21380048QROAMGM6EP30 | Long             | DBT              | CORP              | US        |    200000 | PA      | $213761.00    | 0.20%             | 2036-01-25      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| Williams Companies Inc. (The)                           | WMB 5.3 09/30/35                                                                                                                     | CUSIP: 969457CS7<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | DBT              | CORP              | US        |     10000 | PA      | $10275.36     | 0.01%             | 2035-09-30      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Air Lease Corporation                                   | AL 4.625 10/01/28                                                                                                                    | CUSIP: 00912XBF0<br>LEI: 5493004NW4M4P8TMMK63 | Long             | DBT              | CORP              | US        |    500000 | PA      | $504830.78    | 0.48%             | 2028-10-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Trans-Allegheny Interstate Line Company                 | FE 5 01/15/31 144A                                                                                                                   | CUSIP: 893045AF1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    110000 | PA      | $113746.11    | 0.11%             | 2031-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc.                               | GS V5.387 02/02/41                                                                                                                   | CUSIP: 38145GAU4<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    420000 | PA      | $416991.97    | 0.39%             | 2041-02-02      | Fixed         | 5.39%                 | No            |                  2 | On Loan: No      |
| CHARTER COMMUNICATIONS OPERATING LLC                    | CHTR 6.384 10/23/35                                                                                                                  | CUSIP: 161175AZ7<br>LEI: 549300TPZNMN50BJ3745 | Long             | DBT              | CORP              | US        |    180000 | PA      | $188118.50    | 0.18%             | 2035-10-23      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Aon North America Inc.                                  | AON 5.75 03/01/54                                                                                                                    | CUSIP: 03740MAF7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    210000 | PA      | $208001.37    | 0.20%             | 2054-03-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                          | C V6.174 05/25/34                                                                                                                    | CUSIP: 17327CAR4<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    220000 | PA      | $234925.95    | 0.22%             | 2034-05-25      | Fixed         | 6.17%                 | No            |                  2 | On Loan: No      |
| Pacific Gas and Electric Company                        | PCG 5.2 05/01/36                                                                                                                     | CUSIP: 694308LA3<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |     90000 | PA      | $90333.21     | 0.09%             | 2036-05-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc.                               | GS V6.85 PERP                                                                                                                        | CUSIP: 38141GC28<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    210000 | PA      | $220045.98    | 0.21%             | N/A             | Fixed         | 6.85%                 | No            |                  2 | On Loan: No      |
| GE Aerospace                                            | GE 4.9 01/29/36                                                                                                                      | CUSIP: 369604CA9<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | DBT              | CORP              | US        |    220000 | PA      | $225753.58    | 0.21%             | 2036-01-29      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| UBS Group AG                                            | UBS V6.301 09/22/34 144A                                                                                                             | CUSIP: 225401BG2<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |    350000 | PA      | $384020.52    | 0.36%             | 2034-09-22      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| Pacific Gas and Electric Company                        | PCG 6.75 01/15/53                                                                                                                    | CUSIP: 694308KH9<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    220000 | PA      | $237876.10    | 0.22%             | 2053-01-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Biomarin Pharmaceutical Inc.                            | BMRN 5.5 02/15/34 144A                                                                                                               | CUSIP: 09061GAL5<br>LEI: NSLL8ITTRR0J5HEMR848 | Long             | DBT              | CORP              | US        |    200000 | PA      | $201904.44    | 0.19%             | 2034-02-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Gilead Sciences Inc.                                    | GILD 5.65 12/01/41                                                                                                                   | CUSIP: 375558AS2<br>LEI: 549300WTZWR07K8MNV44 | Long             | DBT              | CORP              | US        |     60000 | PA      | $62928.15     | 0.06%             | 2041-12-01      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                            | ORCL 6.85 02/04/66                                                                                                                   | CUSIP: 68389XEC5<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    130000 | PA      | $124623.87    | 0.12%             | 2066-02-04      | Fixed         | 6.85%                 | No            |                  2 | On Loan: No      |
| Honeywell International Inc.                            | HON 5 02/15/33                                                                                                                       | CUSIP: 438516CK0<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | DBT              | CORP              | US        |    540000 | PA      | $563474.23    | 0.53%             | 2033-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Intesa Sanpaolo S.p.A.                                  | ISPIM V7.778 06/20/54 144A                                                                                                           | CUSIP: 46115HCB1<br>LEI: 2W8N8UU78PMDQKZENC08 | Long             | DBT              | CORP              | IT        |    340000 | PA      | $415132.03    | 0.39%             | 2054-06-20      | Fixed         | 7.78%                 | No            |                  2 | On Loan: No      |
| AIRCASTLE LTD                                           | AYR 5.75 10/01/31 144A                                                                                                               | CUSIP: 00929JAA4<br>LEI: 549300PNK8AKY3OIKP58 | Long             | DBT              | CORP              | BM        |    250000 | PA      | $263571.31    | 0.25%             | 2031-10-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| AT&T Inc                                                | T 5.375 08/15/35                                                                                                                     | CUSIP: 00206RMY5<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    550000 | PA      | $571486.68    | 0.54%             | 2035-08-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Ecuador (Republic Of)                                   | ECUA 8.75 01/29/34 144A                                                                                                              | CUSIP: 27927WAQ5<br>LEI: 5299003Y2U5XK0A35H71 | Long             | DBT              | NUSS              | EC        |    200000 | PA      | $201800.00    | 0.19%             | 2034-01-29      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                    | JPM V4.81 10/22/36                                                                                                                   | CUSIP: 46647PFE1<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    260000 | PA      | $259607.21    | 0.24%             | 2036-10-22      | Fixed         | 4.81%                 | No            |                  2 | On Loan: No      |
| MidCap Financial Issuer Trust                           | MIDCAP F 01/15/56 144a                                                                                                               | CUSIP: 59590AAG4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    240000 | PA      | $236558.90    | 0.22%             | 2056-01-15      | Variable      | 7.42%                 | No            |                  2 | On Loan: No      |
| UnitedHealth Group Inc.                                 | UNH 5.95 06/15/55                                                                                                                    | CUSIP: 91324PFR8<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |     70000 | PA      | $72542.75     | 0.07%             | 2055-06-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Pacific Gas and Electric Company                        | PCG 6 05/01/56                                                                                                                       | CUSIP: 694308LB1<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |     70000 | PA      | $69187.98     | 0.07%             | 2056-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Micron Technology Inc.                                  | MU 6.05 11/01/35                                                                                                                     | CUSIP: 595112CH4<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | DBT              | CORP              | US        |    120000 | PA      | $130400.92    | 0.12%             | 2035-11-01      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| RWE Finance US LLC                                      | RWE 5.875 09/18/55 144A                                                                                                              | CUSIP: 749983AE2<br>LEI: 529900J7MYLKI84UP772 | Long             | DBT              | CORP              | US        |    200000 | PA      | $199043.90    | 0.19%             | 2055-09-18      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| United Parcel Service, Inc.                             | UPS 5.95 05/14/55                                                                                                                    | CUSIP: 911312CK0<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | DBT              | CORP              | US        |    150000 | PA      | $157633.03    | 0.15%             | 2055-05-14      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| UBS Group AG                                            | UBS V7 PERP 144                                                                                                                      | CUSIP: 902613BW7<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |    420000 | PA      | $422926.98    | 0.40%             | N/A             | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Jersey Central Power & Light Co.                        | FE 5.1 01/15/35                                                                                                                      | CUSIP: 476556DF9<br>LEI: 549300W9UGH9ZPLNPF79 | Long             | DBT              | CORP              | US        |     80000 | PA      | $82192.99     | 0.08%             | 2035-01-15      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Petco Health and Wellness Company Inc                   | WOOF 8.25 02/01/31 144A                                                                                                              | CUSIP: 71601VAA3<br>LEI: 2549007TYGV6RVSE9M61 | Long             | DBT              | CORP              | US        |     50000 | PA      | $48866.47     | 0.05%             | 2031-02-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| Caixabank S.A.                                          | CABKSM V5.581 07/03/36 144A                                                                                                          | CUSIP: 12803RAM6<br>LEI: 7CUNS533WID6K7DGFI87 | Long             | DBT              | CORP              | ES        |    360000 | PA      | $373709.94    | 0.35%             | 2036-07-03      | Fixed         | 5.58%                 | No            |                  2 | On Loan: No      |
| U.S. Bancorp.                                           | USB V5.836 06/12/34                                                                                                                  | CUSIP: 91159HJN1<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |    280000 | PA      | $300827.11    | 0.28%             | 2034-06-12      | Fixed         | 5.84%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc.                               | GS V5.536 01/28/36                                                                                                                   | CUSIP: 38141GC44<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    290000 | PA      | $303423.44    | 0.29%             | 2036-01-28      | Fixed         | 5.54%                 | No            |                  2 | On Loan: No      |
| CME Group Inc.                                          | CME 5.3 09/15/43                                                                                                                     | CUSIP: 12572QAF2<br>LEI: LCZ7XYGSLJUHFXXNXD88 | Long             | DBT              | CORP              | US        |    440000 | PA      | $451756.00    | 0.43%             | 2043-09-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                    | JPM V6.5 PERP OO                                                                                                                     | CUSIP: 48128AAJ2<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    100000 | PA      | $104808.87    | 0.10%             | N/A             | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| AT&T Inc                                                | T 6.05 08/15/56                                                                                                                      | CUSIP: 00206RMZ2<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |     50000 | PA      | $50932.47     | 0.05%             | 2056-08-15      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| MidCap Financial Issuer Trust                           | MIDCAP 5.37 04/15/29 144A                                                                                                            | CUSIP: 59590AAF6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    450000 | PA      | $448884.46    | 0.42%             | 2029-04-15      | Fixed         | 5.37%                 | No            |                  2 | On Loan: No      |
| United Parcel Service, Inc.                             | UPS 6.2 01/15/38                                                                                                                     | CUSIP: 911312AJ5<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | DBT              | CORP              | US        |    410000 | PA      | $460973.35    | 0.43%             | 2038-01-15      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| Verizon Communications Inc.                             | VZ 5.5 03/16/47                                                                                                                      | CUSIP: 92343VDV3<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |    680000 | PA      | $672759.75    | 0.63%             | 2047-03-16      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Carlyle Finance LLC                                     | CG 5.65 09/15/48 144A                                                                                                                | CUSIP: 14314CAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    170000 | PA      | $167177.16    | 0.16%             | 2048-09-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| Micron Technology Inc.                                  | MU 5.8 01/15/35                                                                                                                      | CUSIP: 595112CE1<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | DBT              | CORP              | US        |    160000 | PA      | $171403.80    | 0.16%             | 2035-01-15      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| Loews Corporation                                       | L 4.94 04/01/36                                                                                                                      | CUSIP: 540424AU2<br>LEI: R8V1FN4M5ITGZOG7BS19 | Long             | DBT              | CORP              | US        |    100000 | PA      | $99804.31     | 0.09%             | 2036-04-01      | Fixed         | 4.94%                 | No            |                  2 | On Loan: No      |
| SPECTRUM MANAGEMENT HOLDING COMPANY LLC                 | CHTR 6.75 06/15/39                                                                                                                   | CUSIP: 88732JAU2<br>LEI: B1WXCWLJVJXMWJX6O298 | Long             | DBT              | CORP              | US        |     20000 | PA      | $20498.30     | 0.02%             | 2039-06-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Truist Financial Corp.                                  | TFC V4.964 10/23/36 MTN                                                                                                              | CUSIP: 89788MAV4<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |    150000 | PA      | $149842.56    | 0.14%             | 2036-10-23      | Fixed         | 4.96%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc.                               | GS 5.15 05/22/45                                                                                                                     | CUSIP: 38148LAF3<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |     70000 | PA      | $66137.98     | 0.06%             | 2045-05-22      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| CHARTER COMMUNICATIONS OPERATING LLC                    | CHTR 5.85 12/01/35                                                                                                                   | CUSIP: 161175CS1<br>LEI: 549300TPZNMN50BJ3745 | Long             | DBT              | CORP              | US        |     80000 | PA      | $80547.95     | 0.08%             | 2035-12-01      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| Raymond James Financial Inc.                            | RJF 5.65 09/11/55                                                                                                                    | CUSIP: 754730AK5<br>LEI: RGUZHJ05YTITL6D76949 | Long             | DBT              | CORP              | US        |     70000 | PA      | $68563.94     | 0.06%             | 2055-09-11      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| HCA Inc.                                                | HCA 6.2 03/01/55                                                                                                                     | CUSIP: 404119DC0<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    320000 | PA      | $328929.35    | 0.31%             | 2055-03-01      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                          | C 8.125 07/15/39                                                                                                                     | CUSIP: 172967EW7<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    442000 | PA      | $568338.38    | 0.54%             | 2039-07-15      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| Southern California Gas Co.                             | SRE 6 06/15/55                                                                                                                       | CUSIP: 842434DD1<br>LEI: XY0N0J73VHV5F4CUJV89 | Long             | DBT              | CORP              | US        |    190000 | PA      | $197275.22    | 0.19%             | 2055-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Teva Pharmaceutical Finance Netherlands III B.V.        | TEVA 8.125 09/15/31                                                                                                                  | CUSIP: 88167AAR2<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |    320000 | PA      | $367752.00    | 0.35%             | 2031-09-15      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| APA Corp.                                               | APA 5.25 02/01/42 .                                                                                                                  | CUSIP: 03743QBC1<br>LEI: 549300VCIWLRHYVSHC79 | Long             | DBT              | CORP              | US        |     68000 | PA      | $60113.94     | 0.06%             | 2042-02-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Kinder Morgan, Inc.                                     | KMI 7.8 08/01/31 GMTN                                                                                                                | CUSIP: 28368EAD8<br>LEI: 549300WR7IX8XE0TBO16 | Long             | DBT              | CORP              | US        |    530000 | PA      | $621112.28    | 0.59%             | 2031-08-01      | Fixed         | 7.80%                 | No            |                  2 | On Loan: No      |
| ILFC E-Capital Trust I                                  | ILFC E-Capital Trust I                                                                                                               | CUSIP: 44965TAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    600000 | PA      | $521518.38    | 0.49%             | 2065-12-21      | Floating      | 6.35%                 | No            |                  2 | On Loan: No      |
| The Cigna Group                                         | CI 4.8 08/15/38                                                                                                                      | CUSIP: 125523AJ9<br>LEI: 549300VIWYMSIGT1U456 | Long             | DBT              | CORP              | US        |    240000 | PA      | $232768.92    | 0.22%             | 2038-08-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Oncor Electric Delivery Company LLC                     | ONCRTX 5.8 04/01/55 144A                                                                                                             | CUSIP: 68233JDA9<br>LEI: 549300SP2X2BS1KERD24 | Long             | DBT              | CORP              | US        |    160000 | PA      | $164518.28    | 0.16%             | 2055-04-01      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| Comision Federal de Electricidad                        | CFELEC 6.045 01/28/34 144A                                                                                                           | CUSIP: 200447AQ3<br>LEI: 4469000001BFPONMPF32 | Long             | DBT              | CORP              | MX        |    200000 | PA      | $202500.00    | 0.19%             | 2034-01-28      | Fixed         | 6.04%                 | No            |                  2 | On Loan: No      |
| BP Capital Markets PLC                                  | BPLN V6.125 PERP                                                                                                                     | CUSIP: 05565QDX3<br>LEI: 549300CRVT18MXX0AG93 | Long             | DBT              | CORP              | GB        |    100000 | PA      | $103412.00    | 0.10%             | N/A             | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| DTE Electric Co.                                        | DTE 5.55 03/01/56 B                                                                                                                  | CUSIP: 23338VBA3<br>LEI: 9N0FWODEJVKHC2DYLO03 | Long             | DBT              | CORP              | US        |    120000 | PA      | $119874.86    | 0.11%             | 2056-03-01      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| Hess Midstream Operations LP                            | HESM 5.125 06/15/28 144A                                                                                                             | CUSIP: 428104AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $200291.20    | 0.19%             | 2028-06-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Targa Resources Corp.                                   | TRGP 4.95 04/15/52                                                                                                                   | CUSIP: 87612GAB7<br>LEI: 5493003QENHHS261UR94 | Long             | DBT              | CORP              | US        |    150000 | PA      | $130309.00    | 0.12%             | 2052-04-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Virginia Electric and Power Company                     | D 8.875 11/15/38                                                                                                                     | CUSIP: 927804FG4<br>LEI: CQKUMNNZVDJLRYV2PT43 | Long             | DBT              | CORP              | US        |    290000 | PA      | $388576.75    | 0.37%             | 2038-11-15      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| Transcontinental Gas Pipe Line Company, LLC             | WMB 5.4 08/15/41                                                                                                                     | CUSIP: 893574AB9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     10000 | PA      | $9973.90      | 0.01%             | 2041-08-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Cooperatieve Rabobank U.A.                              | RABOBK 5.75 12/01/43                                                                                                                 | CUSIP: 21684AAB2<br>LEI: DG3RU1DBUFHT4ZF9WN62 | Long             | DBT              | CORP              | NL        |    250000 | PA      | $254981.00    | 0.24%             | 2043-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Comcast Corporation                                     | CMCSA 6.4 05/15/38                                                                                                                   | CUSIP: 20030NAX9<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |   1470000 | PA      | $1627143.93   | 1.53%             | 2038-05-15      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| Comision Federal de Electricidad                        | CFELEC 6.45 01/24/35 144A                                                                                                            | CUSIP: 200447AP5<br>LEI: 4469000001BFPONMPF32 | Long             | DBT              | CORP              | MX        |    450000 | PA      | $466556.40    | 0.44%             | 2035-01-24      | Fixed         | 6.45%                 | No            |                  2 | On Loan: No      |
| Liberty Mutual Insurance Co.                            | LIBMUT 7.875 10/15/26                                                                                                                | CUSIP: 53079QAC1<br>LEI: CNC20I6IOMGF7KY49D67 | Long             | DBT              | CORP              | US        |    500000 | PA      | $510615.11    | 0.48%             | 2026-10-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| Southern California Edison Company                      | EIX 4.125 03/01/48 C                                                                                                                 | CUSIP: 842400GK3<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |    280000 | PA      | $219347.10    | 0.21%             | 2048-03-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Nationwide Mutual Insurance Co.                         | NATMUT 9.375 08/15/39 144A                                                                                                           | CUSIP: 638671AK3<br>LEI: Z7LVXXWM8HZPKF5T2355 | Long             | DBT              | CORP              | US        |    320000 | PA      | $431153.81    | 0.41%             | 2039-08-15      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| Vistra Operations Co LLC                                | VST 4.7 01/31/31 144A                                                                                                                | CUSIP: 92840VAY8<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |     50000 | PA      | $50309.57     | 0.05%             | 2031-01-31      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Georgia-Pacific LLC                                     | GP 4.95 06/30/32 144A                                                                                                                | CUSIP: 37331NAT8<br>LEI: L2EVHWFHVAQK72TMH265 | Long             | DBT              | CORP              | US        |     80000 | PA      | $83151.80     | 0.08%             | 2032-06-30      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| AT&T Inc                                                | T 4.8 06/15/44                                                                                                                       | CUSIP: 00206RCG5<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    170000 | PA      | $152630.74    | 0.14%             | 2044-06-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| JBS USA LLC                                             | JBS 6.375 02/25/55                                                                                                                   | CUSIP: 472140AD4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    110000 | PA      | $114090.79    | 0.11%             | 2055-02-25      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Devon Energy Corporation                                | DVN 5.6 07/15/41                                                                                                                     | CUSIP: 25179MAL7<br>LEI: 54930042348RKR3ZPN35 | Long             | DBT              | CORP              | US        |     20000 | PA      | $20042.62     | 0.02%             | 2041-07-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| LPL Holdings Inc.                                       | LPLA 5.75 06/15/35                                                                                                                   | CUSIP: 50212YAQ7<br>LEI: 549300Z5YF8CCRMYUL26 | Long             | DBT              | CORP              | US        |     40000 | PA      | $40881.80     | 0.04%             | 2035-06-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| ASURION LLC                                             | ASUCOR 8.375 02/01/34 144A                                                                                                           | CUSIP: 045941AB7<br>LEI: 549300KNQVXGIOXWK278 | Long             | DBT              | CORP              | US        |     70000 | PA      | $69705.07     | 0.07%             | 2034-02-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| Marsh & McLennan Companies, Inc.                        | MRSH 4.95 03/15/36                                                                                                                   | CUSIP: 571748CF7<br>LEI: 549300XMP3KDCKJXIU47 | Long             | DBT              | CORP              | US        |    370000 | PA      | $373433.17    | 0.35%             | 2036-03-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Lloyds Banking Group PLC                                | LLOYDS V8 PERP                                                                                                                       | CUSIP: 53944YAV5<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |    410000 | PA      | $445677.79    | 0.42%             | N/A             | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Western Midstream Operating LP                          | WES 5.45 04/01/44                                                                                                                    | CUSIP: 958254AD6<br>LEI: L6D8A6MLSY454J2JXJ60 | Long             | DBT              | CORP              | US        |     50000 | PA      | $46105.28     | 0.04%             | 2044-04-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Bausch Health Companies Inc.                            | BHCCN 5 01/30/28 144A                                                                                                                | CUSIP: 071734AH0<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | DBT              | CORP              | CA        |    130000 | PA      | $113206.62    | 0.11%             | 2028-01-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Argentina (Republic Of)                                 | ARGENT 4.125 07/09/35                                                                                                                | CUSIP: 040114HT0<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |    182200 | PA      | $137797.86    | 0.13%             | 2035-07-09      | Variable      | 4.12%                 | No            |                  2 | On Loan: No      |
| Ares Management Corporation                             | ARES 5.6 10/11/54                                                                                                                    | CUSIP: 03990BAB7<br>LEI: 529900JUV61FH7B8VW38 | Long             | DBT              | CORP              | US        |    150000 | PA      | $136444.98    | 0.13%             | 2054-10-11      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| Vistra Operations Co LLC                                | VST 5.35 01/31/36 144A                                                                                                               | CUSIP: 92840VAZ5<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |    210000 | PA      | $211557.78    | 0.20%             | 2036-01-31      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| Ameren Illinois Company                                 | AEE 5.625 03/01/55                                                                                                                   | CUSIP: 02361DBC3<br>LEI: RC71E2BZ6UOMFPDJSE79 | Long             | DBT              | CORP              | US        |     90000 | PA      | $90725.43     | 0.09%             | 2055-03-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| ASURION LLC                                             | ASUCOR 8 12/31/32 144A                                                                                                               | CUSIP: 045941AA9<br>LEI: 549300KNQVXGIOXWK278 | Long             | DBT              | CORP              | US        |    150000 | PA      | $157675.20    | 0.15%             | 2032-12-31      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Alphabet Inc.                                           | GOOGL 5.35 11/15/45                                                                                                                  | CUSIP: 02079KAZ0<br>LEI: 5493006MHB84DD0ZWV18 | Long             | DBT              | CORP              | US        |     80000 | PA      | $80394.95     | 0.08%             | 2045-11-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| Expand Energy Corp.                                     | EXE 6.75 04/15/29 144A                                                                                                               | CUSIP: 92735LAA0<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | DBT              | CORP              | US        |    270000 | PA      | $270788.99    | 0.26%             | 2029-04-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                          | MS V5.073 01/30/37                                                                                                                   | CUSIP: 61748UAT9<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    630000 | PA      | $635615.86    | 0.60%             | 2037-01-30      | Fixed         | 5.07%                 | No            |                  2 | On Loan: No      |
| Otis Worldwide Corp.                                    | OTIS 5.125 11/19/31                                                                                                                  | CUSIP: 68902VAR8<br>LEI: 549300ZLBKR8VSU25153 | Long             | DBT              | CORP              | US        |    190000 | PA      | $198899.21    | 0.19%             | 2031-11-19      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| ConocoPhillips                                          | COP 6.5 02/01/39                                                                                                                     | CUSIP: 20825CAQ7<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | DBT              | CORP              | US        |    880000 | PA      | $1004791.96   | 0.95%             | 2039-02-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Kraft Heinz Foods Company                               | KHC 5 06/04/42                                                                                                                       | CUSIP: 50076QAE6<br>LEI: 5493003STKEZ2S0RNU91 | Long             | DBT              | CORP              | US        |     90000 | PA      | $82608.19     | 0.08%             | 2042-06-04      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Energy Transfer LP                                      | ET V6.75 02/15/56                                                                                                                    | CUSIP: 29273VBH2<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    170000 | PA      | $173843.87    | 0.16%             | 2056-02-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| JBS USA HOLDING LUX SARL                                | JBS 5.95 04/20/35                                                                                                                    | CUSIP: 472140AB8<br>LEI: RB8RC03FUD8DSX57C193 | Long             | DBT              | CORP              | LU        |    260000 | PA      | $275930.58    | 0.26%             | 2035-04-20      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Ecopetrol S.A.                                          | ECOPET 8.375 01/19/36                                                                                                                | CUSIP: 279158AV1<br>LEI: 254900IDGKCJICKBPA66 | Long             | DBT              | CORP              | CO        |    220000 | PA      | $226288.92    | 0.21%             | 2036-01-19      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| Prologis, L.P.                                          | PLD 5.25 03/15/54                                                                                                                    | CUSIP: 74340XCK5<br>LEI: GL16H1DHB0QSHP25F723 | Long             | DBT              | CORP              | US        |    200000 | PA      | $192895.72    | 0.18%             | 2054-03-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                          | C V6.625 PERP                                                                                                                        | CUSIP: 172967QJ3<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    190000 | PA      | $196540.97    | 0.19%             | N/A             | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Petrobras Global Finance B.V.                           | PETBRA 5.5 06/10/51                                                                                                                  | CUSIP: 71647NBJ7<br>LEI: 549300FNENFFSMO3GT38 | Long             | DBT              | CORP              | NL        |    160000 | PA      | $134715.14    | 0.13%             | 2051-06-10      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Intel Corporation                                       | INTC 5.7 02/10/53                                                                                                                    | CUSIP: 458140CJ7<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |     50000 | PA      | $47525.70     | 0.04%             | 2053-02-10      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Amazon.com, Inc.                                        | AMZN 5.55 11/20/65                                                                                                                   | CUSIP: 023135CY0<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |    230000 | PA      | $225393.98    | 0.21%             | 2065-11-20      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| CHICAGO BOARD OF TRADE                                  | Ultra U.S. Treasury Bond Futures, Jun-2026,ETH                                                                                       | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |         5 | NC      | $8298.95      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Barclays PLC                                            | BACR V5.785 02/25/36                                                                                                                 | CUSIP: 06738ECZ6<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $209604.83    | 0.20%             | 2036-02-25      | Fixed         | 5.79%                 | No            |                  2 | On Loan: No      |
| ILFC E-Capital Trust II                                 | ILFC E-Capital Trust II                                                                                                              | CUSIP: 44965UAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    100000 | PA      | $88426.76     | 0.08%             | 2065-12-21      | Floating      | 6.60%                 | No            |                  2 | On Loan: No      |
| American Express Company                                | AXP V4.918 07/20/33                                                                                                                  | CUSIP: 025816EK1<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |    500000 | PA      | $512325.36    | 0.48%             | 2033-07-20      | Fixed         | 4.92%                 | No            |                  2 | On Loan: No      |
| Topbuild Corporation                                    | BLD 5.625 01/31/34 144A                                                                                                              | CUSIP: 89055FAD5<br>LEI: 5493007YSKHOL4RWII46 | Long             | DBT              | CORP              | US        |    160000 | PA      | $161472.29    | 0.15%             | 2034-01-31      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Walt Disney Company                                     | DIS 4.625 03/14/36                                                                                                                   | CUSIP: 254687GE0<br>LEI: 549300GZKULIZ0WOW665 | Long             | DBT              | CORP              | US        |    250000 | PA      | $249372.51    | 0.24%             | 2036-03-14      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| The Toronto-Dominion Bank                               | TD V7.25 07/31/84                                                                                                                    | CUSIP: 89116CKP1<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |    200000 | PA      | $209243.40    | 0.20%             | 2084-07-31      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Athene Holding Ltd                                      | ATH 6.625 05/19/55                                                                                                                   | CUSIP: 04686JAL5<br>LEI: 549300H316CT32FQXI76 | Long             | DBT              | CORP              | US        |    380000 | PA      | $372384.73    | 0.35%             | 2055-05-19      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| AMERICAN AIRLINES INC                                   | AAL 5.65 11/11/34 B                                                                                                                  | CUSIP: 02377PAA3<br>LEI: IWUQB36BXD6OWD6X4T14 | Long             | ABS-O            | CORP              | US        |     90000 | PA      | $92407.27     | 0.09%             | 2034-11-11      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| Capital One Financial Corp.                             | COF V5.817 02/01/34                                                                                                                  | CUSIP: 14040HCY9<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |    140000 | PA      | $147770.28    | 0.14%             | 2034-02-01      | Fixed         | 5.82%                 | No            |                  2 | On Loan: No      |
| PNC Financial Services Group Inc.                       | PNC V5.423 01/25/41                                                                                                                  | CUSIP: 693475CF0<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |    410000 | PA      | $414651.26    | 0.39%             | 2041-01-25      | Fixed         | 5.42%                 | No            |                  2 | On Loan: No      |
| CommonSpirit Health                                     | CATMED 5.662 09/01/55                                                                                                                | CUSIP: 20268JBC6<br>LEI: 4SXHN5XW08IBO0UG2V58 | Long             | DBT              | CORP              | US        |    120000 | PA      | $120562.80    | 0.11%             | 2055-09-01      | Fixed         | 5.66%                 | No            |                  2 | On Loan: No      |
| REGENTS OF THE UNIVERSITY OF CALIFORNIA (THE) (CA)      | CA UNVHGR 4.56 05/15/2053                                                                                                            | CUSIP: 913366KW9<br>LEI: RRR42I7GG51DB5HDQR14 | Long             | DBT              | MUN               | US        |    160000 | PA      | $144764.13    | 0.14%             | 2053-05-15      | Fixed         | 4.56%                 | No            |                  2 | On Loan: No      |
| Viper Energy Partners LLC                               | VNOM 5.7 08/01/35                                                                                                                    | CUSIP: 92764MAB0<br>LEI: 54930010ZZ02MRGRI973 | Long             | DBT              | CORP              | US        |    160000 | PA      | $166076.00    | 0.16%             | 2035-08-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| American Express Company                                | AXP V3.55 PERP                                                                                                                       | CUSIP: 025816CH0<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |    110000 | PA      | $109393.15    | 0.10%             | N/A             | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| Travelers Companies, Inc.                               | TRV 5.7 07/24/55                                                                                                                     | CUSIP: 89417EAU3<br>LEI: 549300Y650407RU8B149 | Long             | DBT              | CORP              | US        |    230000 | PA      | $236705.64    | 0.22%             | 2055-07-24      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                            | ORCL 6 08/03/55                                                                                                                      | CUSIP: 68389XDB8<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    530000 | PA      | $467180.15    | 0.44%             | 2055-08-03      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                                       | WFC V5.557 07/25/34 MTN                                                                                                              | CUSIP: 95000U3F8<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    420000 | PA      | $442088.19    | 0.42%             | 2034-07-25      | Fixed         | 5.56%                 | No            |                  2 | On Loan: No      |
| Quikrete Holdings Inc                                   | QUIKHO 6.375 03/01/32 144A                                                                                                           | CUSIP: 74843PAA8<br>LEI: 5493007KIN86DIZWZT22 | Long             | DBT              | CORP              | US        |    290000 | PA      | $301584.92    | 0.28%             | 2032-03-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| MDC HOLDINGS INC                                        | Sekisui House US Inc                                                                                                                 | CUSIP: 552676AQ1<br>LEI: 5299005FV4VNV75R8R35 | Long             | DBT              | CORP              | US        |    310000 | PA      | $296224.56    | 0.28%             | 2043-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth Edison Company                             | EXC 5.95 06/01/55                                                                                                                    | CUSIP: 202795KB5<br>LEI: D8YOXB8L2ZDC8P7Q0771 | Long             | DBT              | CORP              | US        |    200000 | PA      | $209156.71    | 0.20%             | 2055-06-01      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Athene Holding Ltd                                      | ATH 6.25 04/01/54                                                                                                                    | CUSIP: 04686JAH4<br>LEI: 549300H316CT32FQXI76 | Long             | DBT              | CORP              | US        |    500000 | PA      | $467130.00    | 0.44%             | 2054-04-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Capstone Copper Corp                                    | CAPCOP 6.75 03/31/33 144A                                                                                                            | CUSIP: 14071LAA6<br>LEI: 549300III6KGKKC42W63 | Long             | DBT              | CORP              | CA        |     30000 | PA      | $31024.68     | 0.03%             | 2033-03-31      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CRH America Finance, Inc.                               | CRHID 5.6 02/09/56                                                                                                                   | CUSIP: 12636YAK8<br>LEI: 549300WEVUODRJ4CWK56 | Long             | DBT              | CORP              | US        |    120000 | PA      | $120042.25    | 0.11%             | 2056-02-09      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                          | MS V4.892 10/22/36 I                                                                                                                 | CUSIP: 61748UAN2<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    460000 | PA      | $457813.23    | 0.43%             | 2036-10-22      | Fixed         | 4.89%                 | No            |                  2 | On Loan: No      |
| Mexico (United Mexican States)                          | MBONO 8.5 11/18/38 M                                                                                                                 | CUSIP: 000000000<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |   4490000 | PA      | $251905.13    | 0.24%             | 2038-11-18      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| PacifiCorp.                                             | BRKHEC V7.125 08/15/56                                                                                                               | CUSIP: 695114DG0<br>LEI: SGY07Y7FNYBNLM6Z1M11 | Long             | DBT              | CORP              | US        |    350000 | PA      | $344074.67    | 0.32%             | 2056-08-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.             | U.S. Treasury Bond Futures, Jun-2026,ETH                                                                                             | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |        16 | NC      | $18775.28     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| HCA Inc.                                                | HCA 5.125 06/15/39                                                                                                                   | CUSIP: 404119BY4<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    100000 | PA      | $97735.93     | 0.09%             | 2039-06-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Alphabet Inc.                                           | GOOGL 5.75 02/15/66                                                                                                                  | CUSIP: 02079KBQ9<br>LEI: 5493006MHB84DD0ZWV18 | Long             | DBT              | CORP              | US        |    100000 | PA      | $101916.51    | 0.10%             | 2066-02-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Meta Platforms Inc                                      | META 5.4 08/15/54                                                                                                                    | CUSIP: 30303M8V7<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |    510000 | PA      | $481894.58    | 0.45%             | 2054-08-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Public Service Company of Colorado                      | XEL 5.15 09/15/35                                                                                                                    | CUSIP: 744448DC2<br>LEI: 5BANEF6PGSEK0SNMQF44 | Long             | DBT              | CORP              | US        |    310000 | PA      | $316643.72    | 0.30%             | 2035-09-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| AMERICAN AIRLINES INC                                   | AAL 5.5 04/20/26 144A                                                                                                                | CUSIP: 00253XAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     14167 | PA      | $14194.92     | 0.01%             | 2026-04-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Prudential Financial, Inc.                              | PRU V6.75 03/01/53                                                                                                                   | CUSIP: 744320BL5<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | DBT              | CORP              | US        |    270000 | PA      | $289981.35    | 0.27%             | 2053-03-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CREDIT SUISSE ESCROW CL                                 | CREDIT SUISSE ESCROW CL                                                                                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2390000 | PA      | $0.00         | 0.00%             | 2050-01-01      | None          | 0.00%                 | No            |                  3 | On Loan: No      |
| CHARTER COMMUNICATIONS OPERATING LLC                    | CHTR 5.75 04/01/48                                                                                                                   | CUSIP: 161175BN3<br>LEI: 549300TPZNMN50BJ3745 | Long             | DBT              | CORP              | US        |    110000 | PA      | $95889.47     | 0.09%             | 2048-04-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Oncor Electric Delivery Company LLC                     | ONCRTX 5.35 04/01/35 144A                                                                                                            | CUSIP: 68233JCZ5<br>LEI: 549300SP2X2BS1KERD24 | Long             | DBT              | CORP              | US        |     90000 | PA      | $93915.44     | 0.09%             | 2035-04-01      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| Greensaif Pipelines Bidco S.a r.l.                      | GASBCM 6.1027 08/23/42 144A                                                                                                          | CUSIP: 39541EAE3<br>LEI: 549300YWDGUXPB8GRP47 | Long             | DBT              | CORP              | LU        |    540000 | PA      | $566628.51    | 0.53%             | 2042-08-23      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.             | 10-Year T-Note Futures, Jun-2026,ETH                                                                                                 | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |       -12 | NC      | $-10458.26    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Transcontinental Gas Pipe Line Company, LLC             | WMB 5.1 03/15/36 144A                                                                                                                | CUSIP: 893574AS2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    260000 | PA      | $265188.89    | 0.25%             | 2036-03-15      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Glencore Funding LLC                                    | GLENLN 6.141 04/01/55 144a                                                                                                           | CUSIP: 378272CB2<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |    120000 | PA      | $126852.20    | 0.12%             | 2055-04-01      | Fixed         | 6.14%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                            | ORCL 5.2 09/26/35                                                                                                                    | CUSIP: 68389XDM4<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |     30000 | PA      | $29001.33     | 0.03%             | 2035-09-26      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Talen Energy Supply LLC                                 | Talen Energy Supply Term Loan B (Incremental) 200 2032-10-04                                                                         | CUSIP: 87422LBA7<br>LEI: K5K33XN0PQAU1XF7NN66 | Long             | LON              | CORP              | US        |     90000 | PA      | $90326.25     | 0.09%             | 2032-11-25      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| Columbia Pipelines Operating Co. LLC                    | CPGX 6.036 11/15/33 144A                                                                                                             | CUSIP: 19828TAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    250000 | PA      | $270949.72    | 0.26%             | 2033-11-15      | Fixed         | 6.04%                 | No            |                  2 | On Loan: No      |
| United Rentals (North America), Inc.                    | URI 5.25 01/15/30                                                                                                                    | CUSIP: 911365BL7<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |    250000 | PA      | $252959.50    | 0.24%             | 2030-01-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Ohio Edison Company                                     | FE 5.5 01/15/33 144A                                                                                                                 | CUSIP: 677347CH7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    140000 | PA      | $147223.72    | 0.14%             | 2033-01-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Flutter Treasury Designated Activity Co.                | FLTR 5.875 06/04/31 144A                                                                                                             | CUSIP: 344045AB5<br>LEI: 635400JE8VLL9UFVIC38 | Long             | DBT              | CORP              | IE        |    200000 | PA      | $199555.81    | 0.19%             | 2031-06-04      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| The Kroger Co.                                          | KR 5.5 09/15/54                                                                                                                      | CUSIP: 501044DW8<br>LEI: 6CPEOKI6OYJ13Q6O7870 | Long             | DBT              | CORP              | US        |    190000 | PA      | $183802.99    | 0.17%             | 2054-09-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ZF North America Capital, Inc.                          | ZFFNGR 7.5 03/24/31 144A                                                                                                             | CUSIP: 98877DAH8<br>LEI: 529900JYGMS9CW9IQX78 | Long             | DBT              | CORP              | US        |    150000 | PA      | $154679.85    | 0.15%             | 2031-03-24      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| AstraZeneca Finance LLC                                 | AZN 4.6 03/02/36                                                                                                                     | CUSIP: 04636NAS2<br>LEI: 549300C3HATU4Q460S18 | Long             | DBT              | CORP              | US        |    130000 | PA      | $130183.78    | 0.12%             | 2036-03-02      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Energy Transfer LP                                      | ET V7.125 PERP G                                                                                                                     | CUSIP: 29273VAM2<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    460000 | PA      | $477537.96    | 0.45%             | N/A             | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| JANE STREET GROUP LLC                                   | JANEST 6.125 11/01/32 144A                                                                                                           | CUSIP: 47077WAD0<br>LEI: 5493002N1IVX6KHGYO08 | Long             | DBT              | CORP              | US        |    520000 | PA      | $523502.72    | 0.49%             | 2032-11-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Dominion Energy South Carolina Inc                      | D 5.3 01/15/35 2025                                                                                                                  | CUSIP: 25731VAC8<br>LEI: 3QRVFYR22IUIEOORTK28 | Long             | DBT              | CORP              | US        |    200000 | PA      | $209122.44    | 0.20%             | 2035-01-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| AECOM                                                   | ACM 6 08/01/33 144A                                                                                                                  | CUSIP: 00766TAE0<br>LEI: 0EEB8GF0W0NPCIHZX097 | Long             | DBT              | CORP              | US        |    190000 | PA      | $194265.88    | 0.18%             | 2033-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| COMMONSPIRIT HEALTH                                     | CATMED 4.35 11/01/42                                                                                                                 | CUSIP: 14916RAD6<br>LEI: 4SXHN5XW08IBO0UG2V58 | Long             | DBT              | CORP              | US        |     60000 | PA      | $53818.95     | 0.05%             | 2042-11-01      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| Occidental Petroleum Corp.                              | OXY 7.875 09/15/31                                                                                                                   | CUSIP: 674599DE2<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |    500000 | PA      | $580736.85    | 0.55%             | 2031-09-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| Williams Companies Inc. (The)                           | WMB 8.75 03/15/32                                                                                                                    | CUSIP: 969457BM1<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | DBT              | CORP              | US        |    148000 | PA      | $180967.74    | 0.17%             | 2032-03-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc.                               | GS V7.5 PERP W                                                                                                                       | CUSIP: 38141GA38<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    150000 | PA      | $160450.50    | 0.15%             | N/A             | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Amphenol Corporation                                    | APH 5.3 11/15/55                                                                                                                     | CUSIP: 032095BB6<br>LEI: 549300D3L3G0R4U4VT04 | Long             | DBT              | CORP              | US        |     90000 | PA      | $87233.38     | 0.08%             | 2055-11-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Paraguay (Republic of)                                  | PARGUY 6.65 03/04/55 144A                                                                                                            | CUSIP: 699149BY5<br>LEI: 529900UXKJTJPCU0HK83 | Long             | DBT              | NUSS              | PY        |    200000 | PA      | $219755.08    | 0.21%             | 2055-03-04      | Fixed         | 6.65%                 | No            |                  2 | On Loan: No      |
| T-Mobile USA, Inc.                                      | TMUS 5.875 11/15/55                                                                                                                  | CUSIP: 87264ADU6<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    180000 | PA      | $181943.77    | 0.17%             | 2055-11-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Southern California Edison Company                      | EIX 6.2 09/15/55                                                                                                                     | CUSIP: 842400JK0<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |     80000 | PA      | $82446.67     | 0.08%             | 2055-09-15      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| Sunoco LP                                               | SUN V7.875 PERP 144A                                                                                                                 | CUSIP: 86765KAE9<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |    210000 | PA      | $217233.45    | 0.20%             | N/A             | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| Pulte Group Inc                                         | PHM 4.9 03/01/36                                                                                                                     | CUSIP: 745867AZ4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     70000 | PA      | $70101.61     | 0.07%             | 2036-03-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| CVS Health Corp                                         | CVS 4.78 03/25/38                                                                                                                    | CUSIP: 126650CY4<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    320000 | PA      | $305895.89    | 0.29%             | 2038-03-25      | Fixed         | 4.78%                 | No            |                  2 | On Loan: No      |
| CHARTER COMMUNICATIONS OPERATING LLC                    | CHTR 5.375 05/01/47                                                                                                                  | CUSIP: 161175BL7<br>LEI: 549300TPZNMN50BJ3745 | Long             | DBT              | CORP              | US        |    260000 | PA      | $216939.92    | 0.20%             | 2047-05-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Georgia Power Company                                   | SO 4.85 03/15/31                                                                                                                     | CUSIP: 373334LA7<br>LEI: D981X4Z4RWS7PDMJUZ03 | Long             | DBT              | CORP              | US        |    160000 | PA      | $165401.34    | 0.16%             | 2031-03-15      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| Alliant Energy Corporation                              | LNT V5.75 04/01/56                                                                                                                   | CUSIP: 018802AF5<br>LEI: 5493009ML300G373MZ12 | Long             | DBT              | CORP              | US        |     90000 | PA      | $89726.74     | 0.08%             | 2056-04-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Sunoco LP                                               | SUN 5.625 03/15/31 144A                                                                                                              | CUSIP: 86765KAF6<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |    420000 | PA      | $423808.04    | 0.40%             | 2031-03-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| United Air Lines, Inc.                                  | UAL 4.625 04/15/29 144A                                                                                                              | CUSIP: 90932LAH0<br>LEI: K1OQBWM7XEOO08LDNP29 | Long             | DBT              | CORP              | US        |    370000 | PA      | $369966.77    | 0.35%             | 2029-04-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| The Bank of New York Mellon Corp.                       | BK V5.95 PERP                                                                                                                        | CUSIP: 064058AR1<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |    100000 | PA      | $102720.70    | 0.10%             | N/A             | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Intel Corporation                                       | INTC 4.95 03/25/60                                                                                                                   | CUSIP: 458140BN9<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |    100000 | PA      | $83094.74     | 0.08%             | 2060-03-25      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| ZF North America Capital, Inc.                          | ZFFNGR 6.75 04/23/30 144A                                                                                                            | CUSIP: 98877DAF2<br>LEI: 529900JYGMS9CW9IQX78 | Long             | DBT              | CORP              | US        |    210000 | PA      | $212274.49    | 0.20%             | 2030-04-23      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Massachusetts Mutual Life Insurance Co.                 | MASSMU 4.9 04/01/77 144A                                                                                                             | CUSIP: 575767AL2<br>LEI: R6ZXK5P01NP6HXSY1S07 | Long             | DBT              | CORP              | US        |    420000 | PA      | $347979.79    | 0.33%             | 2077-04-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| SPECTRUM MANAGEMENT HOLDING COMPANY LLC                 | CHTR 6.55 05/01/37                                                                                                                   | CUSIP: 88732JAJ7<br>LEI: B1WXCWLJVJXMWJX6O298 | Long             | DBT              | CORP              | US        |    370000 | PA      | $381368.33    | 0.36%             | 2037-05-01      | Fixed         | 6.55%                 | No            |                  2 | On Loan: No      |
| VERSANT MEDIA GROUP INC                                 | VSNT 7.25 01/30/31 144A                                                                                                              | CUSIP: 925283AA1<br>LEI: 254900D2Q5F5F229PU30 | Long             | DBT              | CORP              | US        |     60000 | PA      | $61441.74     | 0.06%             | 2031-01-30      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Devon Energy Corporation                                | DVN 5 06/15/45                                                                                                                       | CUSIP: 25179MAU7<br>LEI: 54930042348RKR3ZPN35 | Long             | DBT              | CORP              | US        |     80000 | PA      | $73099.82     | 0.07%             | 2045-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PINNACLE FINANCIAL PARTNERS INC                         | PNFP V6.168 11/01/30                                                                                                                 | CUSIP: 87161CAP0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    140000 | PA      | $146844.32    | 0.14%             | 2030-11-01      | Fixed         | 6.17%                 | No            |                  2 | On Loan: No      |
| Carnival PLC                                            | CCL 7.875 06/01/27                                                                                                                   | CUSIP: 693070AD6<br>LEI: 4DR1VPDQMHD3N3QW8W95 | Long             | DBT              | CORP              | GB        |    130000 | PA      | $135733.65    | 0.13%             | 2027-06-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| Baltimore Gas & Electric Company                        | EXC 5.45 06/01/35                                                                                                                    | CUSIP: 059165ET3<br>LEI: 88V8C2WYSOD1SPSSLH72 | Long             | DBT              | CORP              | US        |    310000 | PA      | $325499.20    | 0.31%             | 2035-06-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Meta Platforms Inc                                      | META 4.875 11/15/35                                                                                                                  | CUSIP: 30303MAD4<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |    110000 | PA      | $111137.07    | 0.10%             | 2035-11-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Meta Platforms Inc                                      | META 4.6 11/15/32                                                                                                                    | CUSIP: 30303MAC6<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |    130000 | PA      | $132217.54    | 0.12%             | 2032-11-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-04-24

**Name of Applicant:** Western Asset Investment Grade Opportunity Trust Inc.

**Signature:** Christopher Berarducci

**Name of Signer:** Christopher Berarducci

**Title:** Principal Financial Officer