# EDGAR Filing Document

**Accession Number:** 0001379384
**File Stem:** 0001410368-25-032208
**Filing Date:** 2025-11
**Character Count:** 1193302
**Document Hash:** d36ff783bab1873e8bf4e99c935552a8
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-25-032208.hdr.sgml**: 20251126

**ACCESSION NUMBER**: 0001410368-25-032208

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251126

**DATE AS OF CHANGE**: 20251126

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BLACKROCK CREDIT ALLOCATION INCOME TRUST
- **CENTRAL INDEX KEY:** 0001379384

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21972
- **FILM NUMBER:** 251525940

**BUSINESS ADDRESS:**
- **STREET 1:** 100 BELLEVUE PARKWAY
- **STREET 2:** MUTUAL FUND DEPARTMENT
- **CITY:** WILMINGTON
- **STATE:** DE
- **ZIP:** 19809
- **BUSINESS PHONE:** 888-825-2257

**MAIL ADDRESS:**
- **STREET 1:** 100 BELLEVUE PARKWAY
- **STREET 2:** MUTUAL FUND DEPARTMENT
- **CITY:** WILMINGTON
- **STATE:** DE
- **ZIP:** 19809

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** BLACKROCK CREDIT ALLOCATION INCOME TRUST IV
- **DATE OF NAME CHANGE:** 20091113

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** BLACKROCK PREFERRED & EQUITY ADVANTAGE TRUST
- **DATE OF NAME CHANGE:** 20070629

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** BlackRock Preferred & Equity Advantage Trust
- **DATE OF NAME CHANGE:** 20061115

## Nport-Ex

September 30, 2025

2025 Quarterly Report <br>&nbsp;&nbsp;&nbsp;&nbsp;(Unaudited)<br>

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

**BlackRock Credit Allocation Income Trust (BTZ)**<br>

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

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

------

Schedule of Investments (unaudited)

September 30, 2025

**BlackRock Credit Allocation Income Trust (BTZ)** 

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

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

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par* <br>*(000)*<br>| *Value* |
| **Asset-Backed Securities** | **Asset-Backed Securities** | **Asset-Backed Securities** | **Asset-Backed Securities** |
| &nbsp;&nbsp;&nbsp; 1988 CLO Ltd., Series 2023-2A, Class A1R, (3-mo. <br> CME Term SOFR + 1.20%), 5.49%, 04/15/38<sup>(a)(b)</sup><br>| USD | 2000 | &nbsp;&nbsp; $2001982 |
| &nbsp;&nbsp;&nbsp; 522 Funding CLO Ltd., Series 2019-5A, Class AR, (3-<br> mo. CME Term SOFR + 1.33%), 5.65%, <br> 04/15/35<sup>(a)(b)</sup><br>|  | 2500 | &nbsp;&nbsp; 2502304 |
| &nbsp;&nbsp;&nbsp; 720 East CLO IV Ltd., Series 2024-1A, Class A1, (3-mo. <br> CME Term SOFR + 1.60%), 5.92%, 04/15/37<sup>(a)(b)</sup><br>|  | 2000 | &nbsp;&nbsp; 2007615 |
| &nbsp;&nbsp;&nbsp; AB BSL CLO Ltd., Series 2021-3A, Class A1R, (3-mo. <br> CME Term SOFR + 1.25%), 5.58%, 04/20/38<sup>(a)(b)</sup><br>|  | 1500 | &nbsp;&nbsp; 1502859 |
| AGL CLO Ltd.<sup>(a)(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-12A, Class B, (3-mo. CME Term SOFR + <br> 1.86%), 6.19%, 07/20/34<br>|  | 890 | &nbsp;&nbsp; 891584 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2022-20A, Class A1R, (3-mo. CME Term <br> SOFR + 1.37%), 5.70%, 10/20/37<br>|  | 1000 | &nbsp;&nbsp; 1002760 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-34A, Class A1, (3-mo. CME Term SOFR <br> + 1.34%), 5.67%, 01/22/38<br>|  | 1000 | &nbsp;&nbsp; 1003133 |
| &nbsp;&nbsp;&nbsp; AIMCO CLO Ltd., Series 2021-14A, Class A, (3-mo. <br> CME Term SOFR + 1.25%), 5.58%, 04/20/34<sup>(a)(b)</sup><br>|  | 3000 | &nbsp;&nbsp; 3000091 |
| &nbsp;&nbsp;&nbsp; Anchorage Capital CLO Ltd., Series 2025-32A, Class D, <br> (3-mo. CME Term SOFR + 3.95%), 8.23%, <br> 07/15/37<sup>(a)(b)</sup><br>|  | 1000 | &nbsp;&nbsp; 1022830 |
| &nbsp;&nbsp;&nbsp; Apidos CLO XXXVII, Series 2021-37A, Class A, (3-mo. <br> CME Term SOFR + 1.39%), 5.72%, 10/22/34<sup>(a)(b)</sup><br>|  | 3000 | &nbsp;&nbsp; 3004149 |
| &nbsp;&nbsp;&nbsp; ARES Loan Funding V Ltd., Series 2024-ALF5A, <br> Class A1, (3-mo. CME Term SOFR + 1.50%), 5.82%, <br> 07/27/37<sup>(a)(b)</sup><br>|  | 1000 | &nbsp;&nbsp; 1005499 |
| &nbsp;&nbsp;&nbsp; ARES LXVII CLO Ltd., Series 2022-67A, Class A1R, <br> (3-mo. CME Term SOFR + 1.19%), 5.51%, <br> 01/25/38<sup>(a)(b)</sup><br>|  | 1000 | &nbsp;&nbsp; 1000720 |
| &nbsp;&nbsp;&nbsp; ARES XXXIX CLO Ltd., Series 2016-39A, Class AR3, <br> (3-mo. CME Term SOFR + 1.42%), 5.75%, <br> 07/18/37<sup>(a)(b)</sup><br>|  | 1000 | &nbsp;&nbsp; 1004544 |
| &nbsp;&nbsp;&nbsp; Atlas Senior Loan Fund XII Ltd., Series 2018-12A, <br> Class A1, (3-mo. CME Term SOFR + 1.44%), 5.76%, <br> 10/24/31<sup>(a)(b)</sup><br>|  | 77 | &nbsp;&nbsp; 77273 |
| Ballyrock CLO Ltd.<sup>(a)(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2019-2A, Class BRR, (3-mo. CME Term SOFR <br> + 2.40%), 6.60%, 02/20/36<br>|  | 1000 | &nbsp;&nbsp; 1001482 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-22A, Class A2, (3-mo. CME Term SOFR <br> + 1.95%), 6.27%, 04/15/37<br>|  | 1000 | &nbsp;&nbsp; 1004710 |
| &nbsp;&nbsp;&nbsp; Benefit Street Partners CLO XVI Ltd., Series 2018-16A, <br> Class A1R2, (3-mo. CME Term SOFR + 1.32%), <br> 5.60%, 01/17/38<sup>(a)(b)</sup><br>|  | 1000 | &nbsp;&nbsp; 1003699 |
| &nbsp;&nbsp;&nbsp; Benefit Street Partners CLO XXI Ltd., Series 2020-21A, <br> Class A1R, (3-mo. CME Term SOFR + 1.43%), <br> 5.75%, 10/15/34<sup>(a)(b)</sup><br>|  | 2300 | &nbsp;&nbsp; 2303532 |
| &nbsp;&nbsp;&nbsp; Benefit Street Partners CLO XXIX Ltd., Series 2022-<br> 29A, Class AR, (3-mo. CME Term SOFR + 1.18%), <br> 5.50%, 01/25/38<sup>(a)(b)</sup><br>|  | 1000 | &nbsp;&nbsp; 1000536 |
| Birch Grove CLO Ltd.<sup>(a)(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 19A, Class A1RR, (3-mo. CME Term SOFR + <br> 1.59%), 5.87%, 07/17/37<br>|  | 1000 | &nbsp;&nbsp; 1003903 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-3A, Class BR, (3-mo. CME Term SOFR <br> + 1.60%), 5.93%, 01/19/38<br>|  | 1000 | &nbsp;&nbsp; 1001630 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-12A, Class A1, (3-mo. CME Term SOFR <br> + 1.17%), 5.51%, 04/22/38<br>|  | 1250 | &nbsp;&nbsp; 1250936 |
| Bryant Park Funding Ltd.<sup>(a)(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2023-21A, Class A1, (3-mo. CME Term SOFR <br> + 2.05%), 6.38%, 10/18/36<br>|  | 1000 | &nbsp;&nbsp; 1003979 |
| &nbsp;&nbsp;&nbsp; Series 2023-21A, Class AR, 10/18/38<sup>(c)</sup> |  | 1000 | &nbsp;&nbsp; 1000000 |

---

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Asset-Backed Securities (continued)** | **Asset-Backed Securities (continued)** | **Asset-Backed Securities (continued)** | **Asset-Backed Securities (continued)** |
| Bryant Park Funding Ltd.<sup>(a)(b)</sup> (continued) |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-22A, Class C, (3-mo. CME Term SOFR + <br> 2.60%), 6.92%, 04/15/37<br>| USD | 1500 | &nbsp;&nbsp; $1510835 |
| &nbsp;&nbsp;&nbsp; Buckhorn Park CLO Ltd., Series 2019-1A, Class ARR, <br> (3-mo. CME Term SOFR + 1.07%), 5.40%, <br> 07/18/34<sup>(a)(b)</sup><br>|  | 1000 | &nbsp;&nbsp; 1000501 |
| Carlyle U.S. CLO Ltd.<sup>(a)(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2017-3A, Class A1R2, (3-mo. CME Term <br> SOFR + 1.40%), 5.73%, 10/21/37<br>|  | 1500 | &nbsp;&nbsp; 1506450 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2019-2A, Class AR2, (3-mo. CME Term SOFR <br> + 1.36%), 5.68%, 10/15/37<br>|  | 2000 | &nbsp;&nbsp; 2005790 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-11A, Class A1R, (3-mo. CME Term <br> SOFR + 1.41%), 5.73%, 07/25/37<br>|  | 2000 | &nbsp;&nbsp; 2007226 |
| &nbsp;&nbsp;&nbsp; CarVal CLO I Ltd., Series 2018-1A, Class D, (3-mo. <br> CME Term SOFR + 3.15%), 7.47%, 07/16/31<sup>(a)(b)</sup><br>|  | 500 | &nbsp;&nbsp; 502437 |
| CIFC Funding Ltd.<sup>(a)(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2013-2A, Class A3LR, (3-mo. CME Term <br> SOFR + 2.21%), 6.48%, 10/18/30<br>|  | 1000 | &nbsp;&nbsp; 1001956 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2014-2RA, Class AR, (3-mo. CME Term SOFR <br> + 1.36%), 5.68%, 10/24/37<br>|  | 1000 | &nbsp;&nbsp; 1002963 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2015-4A, Class A1A2, (3-mo. CME Term <br> SOFR + 1.33%), 5.66%, 04/20/34<br>|  | 1000 | &nbsp;&nbsp; 1001040 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2019-5A, Class BR2, (3-mo. CME Term SOFR <br> + 1.65%), 5.74%, 10/15/38<br>|  | 1000 | &nbsp;&nbsp; 1003390 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2020-2A, Class AR, (3-mo. CME Term SOFR <br> + 1.43%), 5.76%, 10/20/34<br>|  | 1200 | &nbsp;&nbsp; 1202448 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2020-3A, Class A1R, (3-mo. CME Term SOFR <br> + 1.39%), 5.72%, 10/20/34<br>|  | 1000 | &nbsp;&nbsp; 1001390 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-1A, Class A, (3-mo. CME Term SOFR + <br> 1.50%), 5.77%, 04/18/37<br>|  | 1500 | &nbsp;&nbsp; 1506222 |
| &nbsp;&nbsp;&nbsp; Clover CLO LLC, Series 2018-1A, Class A1RR, (3-mo. <br> CME Term SOFR + 1.53%), 5.86%, 04/20/37<sup>(a)(b)</sup><br>|  | 3500 | &nbsp;&nbsp; 3514073 |
| Diameter Capital CLO Ltd.<sup>(a)(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-1A, Class A1R, (3-mo. CME Term SOFR <br> + 1.39%), 5.71%, 10/15/37<br>|  | 2800 | &nbsp;&nbsp; 2811533 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-10A, Class A, (3-mo. CME Term SOFR + <br> 1.31%), 5.60%, 04/20/38<br>|  | 1500 | &nbsp;&nbsp; 1504947 |
| &nbsp;&nbsp;&nbsp; Elmwood CLO 26 Ltd., Series 2026-1A, Class C, (3-mo. <br> CME Term SOFR + 2.40%), 6.67%, 04/18/37<sup>(a)(b)</sup><br>|  | 1000 | &nbsp;&nbsp; 1007300 |
| &nbsp;&nbsp;&nbsp; Elmwood CLO 29 Ltd., Series 2024-5A, Class AR1, <br> (3-mo. CME Term SOFR + 1.52%), 5.85%, <br> 04/20/37<sup>(a)(b)</sup><br>|  | 1000 | &nbsp;&nbsp; 1005035 |
| Elmwood CLO 37 Ltd.<sup>(a)(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-13A, Class C, (3-mo. CME Term SOFR + <br> 1.70%), 5.99%, 01/17/38<br>|  | 1000 | &nbsp;&nbsp; 1000777 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-13A, Class D1, (3-mo. CME Term SOFR <br> + 2.60%), 6.89%, 01/17/38<br>|  | 1000 | &nbsp;&nbsp; 1004513 |
| &nbsp;&nbsp;&nbsp; Elmwood CLO 38 Ltd., Series 2025-1A, Class A, (3-mo. <br> CME Term SOFR + 1.15%), 5.43%, 04/22/38<sup>(a)(b)</sup><br>|  | 1000 | &nbsp;&nbsp; 1001349 |
| &nbsp;&nbsp;&nbsp; Elmwood CLO II Ltd., Series 2019-2A, Class A1RR, <br> (3-mo. CME Term SOFR + 1.35%), 5.68%, <br> 10/20/37<sup>(a)(b)</sup><br>|  | 2000 | &nbsp;&nbsp; 2007674 |
| &nbsp;&nbsp;&nbsp; Elmwood CLO VII Ltd., Series 2020-4A, Class A1RR, <br> (3-mo. CME Term SOFR + 1.36%), 5.64%, <br> 10/17/37<sup>(a)(b)</sup><br>|  | 2000 | &nbsp;&nbsp; 2006858 |
| &nbsp;&nbsp;&nbsp; Elmwood CLO XI Ltd., Series 2021-4A, Class BR, (3-<br> mo. CME Term SOFR + 1.55%), 5.88%, <br> 01/20/38<sup>(a)(b)</sup><br>|  | 1250 | &nbsp;&nbsp; 1252625 |
| &nbsp;&nbsp;&nbsp; Elmwood CLO XII Ltd., Series 2021-5A, Class BR, (3-<br> mo. CME Term SOFR + 1.70%), 6.02%, <br> 10/15/37<sup>(a)(b)</sup><br>|  | 2000 | &nbsp;&nbsp; 2008520 |

---

------

Schedule of Investments (unaudited)(continued)

September 30, 2025

**BlackRock Credit Allocation Income Trust (BTZ)** 

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

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Asset-Backed Securities (continued)** | **Asset-Backed Securities (continued)** | **Asset-Backed Securities (continued)** | **Asset-Backed Securities (continued)** |
| Generate CLO Ltd.<sup>(a)(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-17A, Class A1, (3-mo. CME Term SOFR <br> + 1.40%), 5.73%, 10/22/37<br>| USD | 3000 | &nbsp;&nbsp; $3010783 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 7A, Class BR, (3-mo. CME Term SOFR + <br> 2.20%), 6.53%, 04/22/37<br>|  | 1000 | &nbsp;&nbsp; 1004290 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 8A, Class A1R2, (3-mo. CME Term SOFR + <br> 1.38%), 5.71%, 01/20/38<br>|  | 2750 | &nbsp;&nbsp; 2758483 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 9A, Class AR, (3-mo. CME Term SOFR + <br> 1.35%), 5.68%, 01/20/38<br>|  | 1000 | &nbsp;&nbsp; 1002934 |
| &nbsp;&nbsp;&nbsp; GoldenTree Loan Management U.S. CLO Ltd., <br> Series 2025-24A, Class A, (3-mo. CME Term SOFR + <br> 1.15%), 5.43%, 10/20/38<sup>(a)(b)</sup><br>|  | 1000 | &nbsp;&nbsp; 1001002 |
| Golub Capital Partners CLO Ltd.<sup>(a)(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2019-41A, Class AR2, (3-mo. CME Term <br> SOFR + 1.33%), 5.65%, 07/20/38<br>|  | 1000 | &nbsp;&nbsp; 1003745 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2019-43A, Class A1R, (3-mo. CME Term <br> SOFR + 1.34%), 5.67%, 10/20/37<br>|  | 1500 | &nbsp;&nbsp; 1503801 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2020-48A, Class A1R, (3-mo. CME Term <br> SOFR + 1.31%), 5.59%, 04/17/38<br>|  | 1500 | &nbsp;&nbsp; 1504970 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-58A, Class A1R, (3-mo. CME Term <br> SOFR + 1.28%), 5.51%, 10/25/37<br>|  | 1000 | &nbsp;&nbsp; 1003098 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-76A, Class A1, (3-mo. CME Term SOFR <br> + 1.37%), 5.69%, 10/25/37<br>|  | 1500 | &nbsp;&nbsp; 1504524 |
| HalseyPoint CLO Ltd.<sup>(a)(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-4A, Class A, (3-mo. CME Term SOFR + <br> 1.48%), 5.81%, 04/20/34<br>|  | 2000 | &nbsp;&nbsp; 2002940 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-5A, Class A1A, (3-mo. CME Term SOFR <br> + 1.47%), 5.78%, 01/30/35<br>|  | 1000 | &nbsp;&nbsp; 1001705 |
| &nbsp;&nbsp;&nbsp; Madison Park Funding L Ltd., Series 2021-50A, Class A, <br> (3-mo. CME Term SOFR + 1.40%), 5.73%, <br> 04/19/34<sup>(a)(b)</sup><br>|  | 2520 | &nbsp;&nbsp; 2524400 |
| &nbsp;&nbsp;&nbsp; Madison Park Funding LIX Ltd., Series 2021-59A, <br> Class A1R, (3-mo. CME Term SOFR + 1.50%), <br> 5.83%, 04/18/37<sup>(a)(b)</sup><br>|  | 1000 | &nbsp;&nbsp; 1005308 |
| &nbsp;&nbsp;&nbsp; Madison Park Funding LVIII Ltd., Series 2024-58A, <br> Class B, (3-mo. CME Term SOFR + 1.95%), 6.27%, <br> 04/25/37<sup>(a)(b)</sup><br>|  | 1000 | &nbsp;&nbsp; 1003930 |
| &nbsp;&nbsp;&nbsp; Madison Park Funding LXXI Ltd., Series 2025-71A, <br> Class A1, (3-mo. CME Term SOFR + 1.14%), 5.41%, <br> 04/23/38<sup>(a)(b)</sup><br>|  | 2500 | &nbsp;&nbsp; 2501958 |
| &nbsp;&nbsp;&nbsp; Madison Park Funding XLVIII Ltd., Series 2021-48A, <br> Class A, (3-mo. CME Term SOFR + 1.41%), 5.74%, <br> 04/19/33<sup>(a)(b)</sup><br>|  | 900 | &nbsp;&nbsp; 902709 |
| &nbsp;&nbsp;&nbsp; Madison Park Funding XXXVIII Ltd., Series 2021-38A, <br> Class A, (3-mo. CME Term SOFR + 1.38%), 5.66%, <br> 07/17/34<sup>(a)(b)</sup><br>|  | 1070 | &nbsp;&nbsp; 1071549 |
| &nbsp;&nbsp;&nbsp; Marathon CLO Ltd., Series 2020-15ARRR, Class C1R3, <br> (3-mo. CME Term SOFR + 3.20%), 7.41%, <br> 08/15/37<sup>(a)(b)</sup><br>|  | 1500 | &nbsp;&nbsp; 1504067 |
| Neuberger Berman Loan Advisers CLO Ltd.<sup>(a)(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-46A, Class BR, (3-mo. CME Term SOFR <br> + 1.50%), 5.83%, 01/20/37<br>|  | 1450 | &nbsp;&nbsp; 1447883 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2022-47A, Class A, (3-mo. CME Term SOFR + <br> 1.30%), 5.62%, 04/14/35<br>|  | 1000 | &nbsp;&nbsp; 1000487 |
| New Mountain CLO Ltd.<sup>(a)(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series CLO-3A, Class A1R, (3-mo. CME Term SOFR <br> + 1.33%), 5.61%, 10/20/38<br>|  | 1500 | &nbsp;&nbsp; 1505625 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series CLO-5A, Class AR, (3-mo. CME Term SOFR + <br> 1.25%), 5.58%, 07/20/36<br>|  | 2500 | &nbsp;&nbsp; 2509170 |

---

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Asset-Backed Securities (continued)** | **Asset-Backed Securities (continued)** | **Asset-Backed Securities (continued)** | **Asset-Backed Securities (continued)** |
| New Mountain CLO Ltd.<sup>(a)(b)</sup> (continued) |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series CLO-7A, Class A1, (3-mo. CME Term SOFR + <br> 1.20%), 5.48%, 03/31/38<br>| USD | 1500 | &nbsp;&nbsp; $1501481 |
| OCP CLO Ltd.<sup>(a)(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2015-10A, Class AR3, (3-mo. CME Term <br> SOFR + 1.31%), 5.62%, 01/26/38<br>|  | 1000 | &nbsp;&nbsp; 1003771 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2020-19A, Class A1R2, (3-mo. CME Term <br> SOFR + 1.18%), 5.51%, 04/20/38<br>|  | 2000 | &nbsp;&nbsp; 2003001 |
| &nbsp;&nbsp;&nbsp; Octagon Investment Partners 26 Ltd., Series 2016-1A, <br> Class DR, (3-mo. CME Term SOFR + 3.11%), 7.43%, <br> 07/15/30<sup>(a)(b)</sup><br>|  | 500 | &nbsp;&nbsp; 503100 |
| &nbsp;&nbsp;&nbsp; Octagon Investment Partners 34 Ltd., Series 2017-1A, <br> Class B1, (3-mo. CME Term SOFR + 1.66%), 5.99%, <br> 01/20/30<sup>(a)(b)</sup><br>|  | 1000 | &nbsp;&nbsp; 1000560 |
| Octagon Investment Partners XVII Ltd.<sup>(a)(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2013-1A, Class BR2, (3-mo. CME Term SOFR <br> + 1.66%), 5.98%, 01/25/31<br>|  | 1000 | &nbsp;&nbsp; 1001800 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2013-1A, Class CR2, (3-mo. CME Term SOFR <br> + 1.96%), 6.28%, 01/25/31<br>|  | 1000 | &nbsp;&nbsp; 1001921 |
| OHA Credit Funding Ltd.<sup>(a)(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2019-3A, Class AR2, (3-mo. CME Term SOFR <br> + 1.32%), 5.65%, 01/20/38<br>|  | 1750 | &nbsp;&nbsp; 1757023 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2020-5AR, Class AR, (3-mo. CME Term SOFR <br> + 1.35%), 5.68%, 10/18/37<br>|  | 1000 | &nbsp;&nbsp; 1003828 |
| &nbsp;&nbsp;&nbsp; OHA Credit Partners XII Ltd., Series 2015-12AR, <br> Class D1R2, (3-mo. CME Term SOFR + 3.50%), <br> 7.82%, 04/23/37<sup>(a)(b)</sup><br>|  | 600 | &nbsp;&nbsp; 608143 |
| &nbsp;&nbsp;&nbsp; OHA Credit Partners XVI, Series 2021-16A, Class AR, <br> (3-mo. CME Term SOFR + 1.35%), 5.68%, <br> 10/18/37<sup>(a)(b)</sup><br>|  | 750 | &nbsp;&nbsp; 752871 |
| Palmer Square CLO Ltd.<sup>(a)(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2020-3ARR, Class A1R2, (3-mo. CME Term <br> SOFR + 1.65%), 5.86%, 11/15/36<br>|  | 1500 | &nbsp;&nbsp; 1502674 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-4A, Class BR, (3-mo. CME Term SOFR <br> + 1.70%), 5.97%, 07/15/38<br>|  | 2500 | &nbsp;&nbsp; 2511175 |
| &nbsp;&nbsp;&nbsp; Post CLO Ltd., Series 2024-1, Class A1, (3-mo. CME <br> Term SOFR + 1.60%), 5.93%, 04/20/37<sup>(a)(b)</sup><br>|  | 2000 | &nbsp;&nbsp; 2007732 |
| &nbsp;&nbsp;&nbsp; Rad CLO Ltd., Series 2024-25A, Class A1, (3-mo. CME <br> Term SOFR + 1.46%), 5.79%, 07/20/37<sup>(a)(b)</sup><br>|  | 1500 | &nbsp;&nbsp; 1506876 |
| &nbsp;&nbsp;&nbsp; Regatta VI Funding Ltd., Series 2016-1A, Class A1R3, <br> (3-mo. CME Term SOFR + 1.25%), 5.21%, <br> 10/20/38<sup>(a)(b)</sup><br>|  | 2000 | &nbsp;&nbsp; 1997500 |
| &nbsp;&nbsp;&nbsp; Regatta VII Funding Ltd., Series 2016-1A, Class DR2, <br> (3-mo. CME Term SOFR + 3.31%), 7.31%, <br> 06/20/34<sup>(a)(b)</sup><br>|  | 500 | &nbsp;&nbsp; 501950 |
| &nbsp;&nbsp;&nbsp; Regatta XI Funding Ltd., Series 2018-1A, Class AR, <br> (3-mo. CME Term SOFR + 1.40%), 5.68%, <br> 07/17/37<sup>(a)(b)</sup><br>|  | 3000 | &nbsp;&nbsp; 3009600 |
| &nbsp;&nbsp;&nbsp; Regatta XII Funding Ltd., Series 2019-1A, Class ARR, <br> (3-mo. CME Term SOFR + 1.39%), 5.71%, <br> 10/15/37<sup>(a)(b)</sup><br>|  | 1500 | &nbsp;&nbsp; 1504726 |
| &nbsp;&nbsp;&nbsp; Regatta XVIII Funding Ltd., Series 2021-1A, Class BR, <br> (3-mo. CME Term SOFR + 1.55%), 5.87%, <br> 04/15/38<sup>(a)(b)</sup><br>|  | 1000 | &nbsp;&nbsp; 1002150 |
| &nbsp;&nbsp;&nbsp; Regatta XXIV Funding Ltd., Series 2021-5A, Class AR, <br> (3-mo. CME Term SOFR + 1.32%), 5.65%, <br> 01/20/38<sup>(a)(b)</sup><br>|  | 2000 | &nbsp;&nbsp; 2008007 |
| &nbsp;&nbsp;&nbsp; Regatta XXVII Funding Ltd., Series 2024-1A, Class A1, <br> (3-mo. CME Term SOFR + 1.53%), 5.84%, <br> 04/26/37<sup>(a)(b)</sup><br>|  | 2000 | &nbsp;&nbsp; 2009438 |

---

Schedule of Investments

------

Schedule of Investments (unaudited)(continued)

September 30, 2025

**BlackRock Credit Allocation Income Trust (BTZ)** 

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

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Asset-Backed Securities (continued)** | **Asset-Backed Securities (continued)** | **Asset-Backed Securities (continued)** | **Asset-Backed Securities (continued)** |
| &nbsp;&nbsp;&nbsp; Regatta XXVIII Funding Ltd., Series 2024-2A, Class A1, <br> (3-mo. CME Term SOFR + 1.55%), 5.87%, <br> 04/25/37<sup>(a)(b)</sup><br>| USD | 1500 | &nbsp;&nbsp; $1505866 |
| &nbsp;&nbsp;&nbsp; Rockford Tower CLO Ltd., Series 2017-3A, Class A, <br> (3-mo. CME Term SOFR + 1.45%), 5.78%, <br> 10/20/30<sup>(a)(b)</sup><br>|  | 411 | &nbsp;&nbsp; 411520 |
| RR Ltd.<sup>(a)(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2018-5A, Class CR, (3-mo. CME Term SOFR <br> + 3.60%), 7.92%, 07/15/39<br>|  | 650 | &nbsp;&nbsp; 653734 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2022-21A, Class A1AR, (3-mo. CME Term <br> SOFR + 1.40%), 5.72%, 07/15/39<br>|  | 1000 | &nbsp;&nbsp; 1003465 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-29RA, Class A2R, (3-mo. CME Term <br> SOFR + 1.70%), 6.02%, 07/15/39<br>|  | 2000 | &nbsp;&nbsp; 2011140 |
| Signal Peak CLO Ltd.<sup>(a)(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2020-8A, Class A1R, (3-mo. CME Term SOFR <br> + 1.39%), 5.72%, 10/20/37<br>|  | 6000 | &nbsp;&nbsp; 6024808 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-14A, Class A, (3-mo. CME Term SOFR + <br> 1.30%), 5.63%, 01/22/38<br>|  | 2000 | &nbsp;&nbsp; 2007176 |
| Silver Point CLO Ltd.<sup>(a)(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-4A, Class A1, (3-mo. CME Term SOFR + <br> 1.63%), 5.95%, 04/15/37<br>|  | 1000 | &nbsp;&nbsp; 1003447 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-9A, Class A1, (3-mo. CME Term SOFR + <br> 1.52%), 5.81%, 03/31/38<br>|  | 1500 | &nbsp;&nbsp; 1507638 |
| &nbsp;&nbsp;&nbsp; Sixth Street CLO XIV Ltd., Series 2019-14A, Class BR2, <br> (3-mo. CME Term SOFR + 1.50%), 5.83%, <br> 01/20/38<sup>(a)(b)</sup><br>|  | 1750 | &nbsp;&nbsp; 1751978 |
| &nbsp;&nbsp;&nbsp; Symphony CLO XXVIII Ltd., Series 2021-28A, Class A, <br> (3-mo. CME Term SOFR + 1.40%), 5.72%, <br> 10/23/34<sup>(a)(b)</sup><br>|  | 1900 | &nbsp;&nbsp; 1902931 |
| &nbsp;&nbsp;&nbsp; Tiaa CLO III Ltd., Series 2017-2A, Class A, (3-mo. CME <br> Term SOFR + 1.41%), 5.73%, 01/16/31<sup>(a)(b)</sup><br>|  | 362 | &nbsp;&nbsp; 361956 |
| &nbsp;&nbsp;&nbsp; TICP CLO VI Ltd., Series 2016-6A, Class AR2, (3-mo. <br> CME Term SOFR + 1.38%), 5.70%, 01/15/34<sup>(a)(b)</sup><br>|  | 2000 | &nbsp;&nbsp; 2003310 |
| &nbsp;&nbsp;&nbsp; TICP CLO XII Ltd., Series 2018-12A, Class BR, (3-mo. <br> CME Term SOFR + 1.91%), 6.23%, 07/15/34<sup>(a)(b)</sup><br>|  | 1000 | &nbsp;&nbsp; 1002240 |
| &nbsp;&nbsp;&nbsp; Trestles CLO IV Ltd., Series 2021-4A, Class A, (3-mo. <br> CME Term SOFR + 1.43%), 5.76%, 07/21/34<sup>(a)(b)</sup><br>|  | 2000 | &nbsp;&nbsp; 2003332 |
| &nbsp;&nbsp;&nbsp; Trestles CLO VII Ltd., Series 2024-7A, Class A1, (3-mo. <br> CME Term SOFR + 1.38%), 5.70%, 10/25/37<sup>(a)(b)</sup><br>|  | 1388 | &nbsp;&nbsp; 1392325 |
| Trimaran CAVU Ltd.<sup>(a)(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-2A, Class B1, (3-mo. CME Term SOFR + <br> 2.01%), 6.33%, 10/25/34<br>|  | 1500 | &nbsp;&nbsp; 1501110 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2022-2A, Class AR, (3-mo. CME Term SOFR <br> + 1.24%), 5.57%, 03/27/38<br>|  | 1000 | &nbsp;&nbsp; 1001155 |
| &nbsp;&nbsp;&nbsp; Warwick Capital CLO Ltd., Series 2024-4A, Class A1, <br> (3-mo. CME Term SOFR + 1.40%), 5.73%, <br> 07/20/37<sup>(a)(b)</sup><br>|  | 1000 | &nbsp;&nbsp; 1003830 |

---

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Asset-Backed Securities (continued)** | **Asset-Backed Securities (continued)** | **Asset-Backed Securities (continued)** | **Asset-Backed Securities (continued)** |
| &nbsp;&nbsp;&nbsp; Whitebox CLO I Ltd., Series 2019-1AR, Class A1RR, <br> (3-mo. CME Term SOFR + 1.32%), 5.64%, <br> 07/24/36<sup>(a)(b)</sup><br>| USD | 2000 | &nbsp;&nbsp; $2001574 |
| &nbsp;&nbsp;&nbsp; Whitebox CLO II Ltd., Series 2020-2A, Class A1R2, <br> (3-mo. CME Term SOFR + 1.38%), 5.70%, <br> 10/24/37<sup>(a)(b)</sup><br>|  | 1500 | &nbsp;&nbsp; 1503938 |
| **Total Asset-Backed Securities — 15.9%** <br>**(Cost: $168,247,948)** | **Total Asset-Backed Securities — 15.9%** <br>**(Cost: $168,247,948)** | **Total Asset-Backed Securities — 15.9%** <br>**(Cost: $168,247,948)** | &nbsp;&nbsp; 169516763 |

---

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

---

| | | |
|:---|:---|:---|
|  | <br>*Shares*<br>|  |
| **Common Stocks** | **Common Stocks** | **Common Stocks** |
| **Entertainment — 0.0%** | **Entertainment — 0.0%** |  |
| &nbsp;&nbsp;&nbsp; Learfield Communications LLC, (Acquired 09/06/23, <br> Cost: $5,212)<sup>(d)(e)(f)</sup><br>| 415 | &nbsp;&nbsp; 43575 |
| **Financial Services — 0.0%** | **Financial Services — 0.0%** |  |
| Aimbridge Acquisition Co., Inc.<sup>(d)(e)</sup> | 1607 | &nbsp;&nbsp; 103665 |
| **Ground Transportation — 0.0%** | **Ground Transportation — 0.0%** |  |
| Sirva BGRS Holdings, Inc.<sup>(e)</sup> | 99 | &nbsp;&nbsp; 82 |
| **IT Services — 0.0%** | **IT Services — 0.0%** |  |
| Travelport LLC<sup>(d)(e)</sup> | 25 | &nbsp;&nbsp; 75456 |
| **Trading Companies & Distributors — 0.0%** | **Trading Companies & Distributors — 0.0%** |  |
| TMK Hawk Midco Corp.<sup>(d)(e)</sup> | 934 | &nbsp;&nbsp; 10281 |
| **Total Common Stocks — 0.0%** <br>**(Cost: $222,258)** | **Total Common Stocks — 0.0%** <br>**(Cost: $222,258)** | &nbsp;&nbsp; 233059 |

---

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

---

| | | | |
|:---|:---|:---|:---|
|  |  | *Par* <br>*(000)*<br>|  |
| **Corporate Bonds** | **Corporate Bonds** | **Corporate Bonds** | **Corporate Bonds** |
| **Advertising Agencies — 0.9%** | **Advertising Agencies — 0.9%** | **Advertising Agencies — 0.9%** | **Advertising Agencies — 0.9%** |
| Clear Channel Outdoor Holdings, Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 7.75%, 04/15/28 | USD | 1401 | &nbsp;&nbsp; 1398452 |
| &nbsp;&nbsp;&nbsp; 7.50%, 06/01/29<sup>(g)</sup> |  | 488 | &nbsp;&nbsp; 473952 |
| &nbsp;&nbsp;&nbsp; 7.88%, 04/01/30<sup>(g)</sup> |  | 901 | &nbsp;&nbsp; 946073 |
| &nbsp;&nbsp;&nbsp; 7.13%, 02/15/31 |  | 1124 | &nbsp;&nbsp; 1161825 |
| &nbsp;&nbsp;&nbsp; 7.50%, 03/15/33 |  | 1306 | &nbsp;&nbsp; 1365513 |
| Interpublic Group of Cos., Inc., 5.40%, 10/01/48<sup>(g)</sup> |  | 2215 | &nbsp;&nbsp; 2066641 |
| Lamar Media Corp., 5.38%, 11/01/33<sup>(b)</sup> |  | 269 | &nbsp;&nbsp; 267021 |
| Neptune Bidco U.S., Inc., 9.29%, 04/15/29<sup>(b)</sup> |  | 329 | &nbsp;&nbsp; 322976 |
| &nbsp;&nbsp;&nbsp; Outfront Media Capital LLC/Outfront Media Capital <br> Corp.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 08/15/27 |  | 119 | &nbsp;&nbsp; 118402 |
| &nbsp;&nbsp;&nbsp; 4.25%, 01/15/29<sup>(g)</sup> |  | 373 | &nbsp;&nbsp; 358263 |
| &nbsp;&nbsp;&nbsp; 4.63%, 03/15/30<sup>(g)</sup> |  | 176 | &nbsp;&nbsp; 169152 |
| &nbsp;&nbsp;&nbsp; 7.38%, 02/15/31 |  | 359 | &nbsp;&nbsp; 378725 |
| Stagwell Global LLC, 5.63%, 08/15/29<sup>(b)</sup> |  | 209 | &nbsp;&nbsp; 203027 |
|  |  |  | &nbsp;&nbsp; 9230022 |

---

------

Schedule of Investments (unaudited)(continued)

September 30, 2025

**BlackRock Credit Allocation Income Trust (BTZ)** 

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

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Aerospace & Defense — 3.6%** | **Aerospace & Defense — 3.6%** | **Aerospace & Defense — 3.6%** | **Aerospace & Defense — 3.6%** |
| AAR Escrow Issuer LLC, 6.75%, 03/15/29<sup>(b)</sup> | USD | 350 | &nbsp;&nbsp; $360299 |
| ATI, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.88%, 12/01/27 |  | 253 | &nbsp;&nbsp; 253484 |
| &nbsp;&nbsp;&nbsp; 7.25%, 08/15/30 |  | 657 | &nbsp;&nbsp; 689643 |
| &nbsp;&nbsp;&nbsp; 5.13%, 10/01/31 |  | 656 | &nbsp;&nbsp; 645585 |
| Boeing Co.<sup>(g)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 5.15%, 05/01/30 |  | 6775 | &nbsp;&nbsp; 6952204 |
| &nbsp;&nbsp;&nbsp; 7.01%, 05/01/64 |  | 2285 | &nbsp;&nbsp; 2645238 |
| Bombardier, Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 7.88%, 04/15/27 |  | 33 | &nbsp;&nbsp; 33144 |
| &nbsp;&nbsp;&nbsp; 8.75%, 11/15/30 |  | 576 | &nbsp;&nbsp; 621154 |
| &nbsp;&nbsp;&nbsp; 7.25%, 07/01/31 |  | 165 | &nbsp;&nbsp; 174905 |
| &nbsp;&nbsp;&nbsp; 7.00%, 06/01/32<sup>(g)</sup> |  | 362 | &nbsp;&nbsp; 378356 |
| &nbsp;&nbsp;&nbsp; 6.75%, 06/15/33 |  | 436 | &nbsp;&nbsp; 454991 |
| &nbsp;&nbsp;&nbsp; Efesto Bidco SpA Efesto U.S. LLC, Series XR, 7.50%, <br> 02/15/32<sup>(b)</sup><br>|  | 1270 | &nbsp;&nbsp; 1292352 |
| General Dynamics Corp., 4.25%, 04/01/50<sup>(g)</sup> |  | 1260 | &nbsp;&nbsp; 1082561 |
| Goat Holdco LLC, 6.75%, 02/01/32<sup>(b)</sup> |  | 452 | &nbsp;&nbsp; 463300 |
| Moog, Inc., 4.25%, 12/15/27<sup>(b)</sup> |  | 320 | &nbsp;&nbsp; 315107 |
| Northrop Grumman Corp.<sup>(g)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 4.03%, 10/15/47 |  | 2400 | &nbsp;&nbsp; 1955492 |
| &nbsp;&nbsp;&nbsp; 5.25%, 05/01/50 |  | 3050 | &nbsp;&nbsp; 2937049 |
| RTX Corp.<sup>(g)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 4.63%, 11/16/48 |  | 2805 | &nbsp;&nbsp; 2479157 |
| &nbsp;&nbsp;&nbsp; 3.13%, 07/01/50 |  | 3545 | &nbsp;&nbsp; 2410693 |
| &nbsp;&nbsp;&nbsp; 6.40%, 03/15/54 |  | 1100 | &nbsp;&nbsp; 1230694 |
| Spirit AeroSystems, Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 9.38%, 11/30/29 |  | 712 | &nbsp;&nbsp; 749892 |
| &nbsp;&nbsp;&nbsp; 9.75%, 11/15/30 |  | 717 | &nbsp;&nbsp; 788552 |
| TransDigm, Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 6.75%, 08/15/28 |  | 1695 | &nbsp;&nbsp; 1727305 |
| &nbsp;&nbsp;&nbsp; 6.38%, 03/01/29<sup>(g)</sup> |  | 2462 | &nbsp;&nbsp; 2517151 |
| &nbsp;&nbsp;&nbsp; 6.63%, 03/01/32 |  | 1240 | &nbsp;&nbsp; 1276636 |
| &nbsp;&nbsp;&nbsp; 6.00%, 01/15/33 |  | 1068 | &nbsp;&nbsp; 1079837 |
| &nbsp;&nbsp;&nbsp; 6.38%, 05/31/33 |  | 876 | &nbsp;&nbsp; 885849 |
| &nbsp;&nbsp;&nbsp; 6.25%, 01/31/34 |  | 250 | &nbsp;&nbsp; 257105 |
| &nbsp;&nbsp;&nbsp; 6.75%, 01/31/34 |  | 1763 | &nbsp;&nbsp; 1822870 |
|  |  |  | &nbsp;&nbsp; 38480605 |
| **Air Freight & Logistics**<sup>(b)</sup> **— 0.0%** | **Air Freight & Logistics**<sup>(b)</sup> **— 0.0%** | **Air Freight & Logistics**<sup>(b)</sup> **— 0.0%** | **Air Freight & Logistics**<sup>(b)</sup> **— 0.0%** |
| Rand Parent LLC, 8.50%, 02/15/30 |  | 311 | &nbsp;&nbsp; 323149 |
| Stonepeak Nile Parent LLC, 7.25%, 03/15/32 |  | 152 | &nbsp;&nbsp; 160061 |
|  |  |  | &nbsp;&nbsp; 483210 |
| **Automobile Components — 0.5%** | **Automobile Components — 0.5%** | **Automobile Components — 0.5%** | **Automobile Components — 0.5%** |
| American Axle & Manufacturing, Inc.<sup>(b)(c)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 10/15/32 |  | 195 | &nbsp;&nbsp; 194671 |
| &nbsp;&nbsp;&nbsp; 10/15/33 |  | 203 | &nbsp;&nbsp; 204582 |
| Clarios Global LP/Clarios U.S. Finance Co.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 6.75%, 05/15/28 |  | 1071 | &nbsp;&nbsp; 1094655 |
| &nbsp;&nbsp;&nbsp; 6.75%, 02/15/30 |  | 475 | &nbsp;&nbsp; 490680 |
| &nbsp;&nbsp;&nbsp; 4.75%, 06/15/31 | EUR | 250 | &nbsp;&nbsp; 299043 |
| &nbsp;&nbsp;&nbsp; 6.75%, 09/15/32 | USD | 879 | &nbsp;&nbsp; 898479 |
| Dana, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 4.25%, 09/01/30 |  | 117 | &nbsp;&nbsp; 115870 |
| &nbsp;&nbsp;&nbsp; 4.50%, 02/15/32 |  | 178 | &nbsp;&nbsp; 175270 |
| &nbsp;&nbsp;&nbsp; Garrett Motion Holdings, Inc./Garrett LX I SARL, 7.75%, <br> 05/31/32<sup>(b)</sup><br>|  | 109 | &nbsp;&nbsp; 114341 |
| Goodyear Tire & Rubber Co. |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 07/15/29<sup>(g)</sup> |  | 207 | &nbsp;&nbsp; 199895 |
| &nbsp;&nbsp;&nbsp; 6.63%, 07/15/30 |  | 213 | &nbsp;&nbsp; 216122 |
| &nbsp;&nbsp;&nbsp; 5.25%, 04/30/31 |  | 18 | &nbsp;&nbsp; 17010 |
| &nbsp;&nbsp;&nbsp; 5.63%, 04/30/33 |  | 53 | &nbsp;&nbsp; 49312 |
| Motherson Global Investments BV, 5.63%, 07/11/29<sup>(h)</sup> |  | 275 | &nbsp;&nbsp; 280241 |

---

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Automobile Components (continued)** | **Automobile Components (continued)** | **Automobile Components (continued)** | **Automobile Components (continued)** |
| Qnity Electronics, Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 5.75%, 08/15/32 | USD | 360 | &nbsp;&nbsp; $362746 |
| &nbsp;&nbsp;&nbsp; 6.25%, 08/15/33 |  | 279 | &nbsp;&nbsp; 284911 |
| SK On Co. Ltd., 5.38%, 05/11/26<sup>(h)</sup> |  | 200 | &nbsp;&nbsp; 201266 |
| Tenneco, Inc., 8.00%, 11/17/28<sup>(b)</sup> |  | 683 | &nbsp;&nbsp; 684247 |
|  |  |  | &nbsp;&nbsp; 5883341 |
| **Automobiles — 1.9%** | **Automobiles — 1.9%** | **Automobiles — 1.9%** | **Automobiles — 1.9%** |
| Asbury Automotive Group, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 4.50%, 03/01/28 |  | 221 | &nbsp;&nbsp; 218298 |
| &nbsp;&nbsp;&nbsp; 5.00%, 02/15/32<sup>(b)</sup> |  | 100 | &nbsp;&nbsp; 96023 |
| Aston Martin Capital Holdings Ltd., 10.00%, 03/31/29<sup>(b)</sup> |  | 218 | &nbsp;&nbsp; 213434 |
| Carvana Co.<sup>(b)(i)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; (9.00% PIK), 9.00%, 06/01/30 |  | 1010 | &nbsp;&nbsp; 1057133 |
| &nbsp;&nbsp;&nbsp; (9.00% PIK), 9.00%, 06/01/31 |  | 1999 | &nbsp;&nbsp; 2262899 |
| Cougar JV Subsidiary LLC, 8.00%, 05/15/32<sup>(b)</sup> |  | 264 | &nbsp;&nbsp; 280684 |
| Ford Motor Co. |  |  |  |
| &nbsp;&nbsp;&nbsp; 3.25%, 02/12/32 |  | 171 | &nbsp;&nbsp; 149621 |
| &nbsp;&nbsp;&nbsp; 6.10%, 08/19/32 |  | 3129 | &nbsp;&nbsp; 3205247 |
| General Motors Co.<sup>(g)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 6.25%, 10/02/43 |  | 940 | &nbsp;&nbsp; 955915 |
| &nbsp;&nbsp;&nbsp; 5.95%, 04/01/49 |  | 3455 | &nbsp;&nbsp; 3368374 |
| &nbsp;&nbsp;&nbsp; Global Auto Holdings Ltd./AAG FH U.K. Ltd., 11.50%, <br> 08/15/29<sup>(b)</sup><br>|  | 200 | &nbsp;&nbsp; 211000 |
| Group 1 Automotive, Inc., 6.38%, 01/15/30<sup>(b)</sup> |  | 90 | &nbsp;&nbsp; 92073 |
| Hyundai Capital America<sup>(h)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 5.50%, 03/30/26 |  | 200 | &nbsp;&nbsp; 201013 |
| &nbsp;&nbsp;&nbsp; 2.38%, 10/15/27 |  | 200 | &nbsp;&nbsp; 192418 |
| &nbsp;&nbsp;&nbsp; (1-day SOFR + 1.32%), 5.60%, 11/03/25<sup>(a)</sup> |  | 200 | &nbsp;&nbsp; 200182 |
| Hyundai Capital Services, Inc., 5.13%, 02/05/29<sup>(h)</sup> |  | 225 | &nbsp;&nbsp; 229745 |
| Jaguar Land Rover Automotive PLC, 4.50%, 10/01/27<sup>(h)</sup> |  | 500 | &nbsp;&nbsp; 493209 |
| LCM Investments Holdings II LLC<sup>(b)(g)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 4.88%, 05/01/29 |  | 486 | &nbsp;&nbsp; 476160 |
| &nbsp;&nbsp;&nbsp; 8.25%, 08/01/31 |  | 351 | &nbsp;&nbsp; 371219 |
| Lithia Motors, Inc., 5.50%, 10/01/30<sup>(b)</sup> |  | 223 | &nbsp;&nbsp; 222721 |
| Nissan Motor Acceptance Co. LLC |  |  |  |
| &nbsp;&nbsp;&nbsp; 6.95%, 09/15/26<sup>(b)(g)</sup> |  | 3265 | &nbsp;&nbsp; 3307323 |
| &nbsp;&nbsp;&nbsp; 6.95%, 09/15/26<sup>(h)</sup> |  | 75 | &nbsp;&nbsp; 75972 |
| &nbsp;&nbsp;&nbsp; 7.05%, 09/15/28<sup>(h)</sup> |  | 150 | &nbsp;&nbsp; 156178 |
| &nbsp;&nbsp;&nbsp; 6.13%, 09/30/30<sup>(b)</sup> |  | 575 | &nbsp;&nbsp; 575196 |
| Nissan Motor Co. Ltd. |  |  |  |
| &nbsp;&nbsp;&nbsp; 4.81%, 09/17/30<sup>(h)</sup> |  | 200 | &nbsp;&nbsp; 188417 |
| &nbsp;&nbsp;&nbsp; 7.75%, 07/17/32<sup>(b)</sup> |  | 266 | &nbsp;&nbsp; 281498 |
| &nbsp;&nbsp;&nbsp; 6.38%, 07/17/33<sup>(b)</sup> | EUR | 190 | &nbsp;&nbsp; 229662 |
| &nbsp;&nbsp;&nbsp; 8.13%, 07/17/35<sup>(b)</sup> | USD | 789 | &nbsp;&nbsp; 846988 |
| &nbsp;&nbsp;&nbsp; Rivian Holdings LLC/Rivian LLC/Rivian Automotive LLC, <br> 10.00%, 01/15/31<sup>(b)</sup><br>|  | 301 | &nbsp;&nbsp; 280200 |
| TML Holdings Pte. Ltd., 4.35%, 06/09/26<sup>(h)</sup> |  | 200 | &nbsp;&nbsp; 198987 |
|  |  |  | &nbsp;&nbsp; 20637789 |
| **Banks — 5.7%** | **Banks — 5.7%** | **Banks — 5.7%** | **Banks — 5.7%** |
| ABQ Finance Ltd., 4.95%, 03/25/30<sup>(h)</sup> |  | 250 | &nbsp;&nbsp; 255313 |
| Abu Dhabi Commercial Bank PJSC, 3.50%, 03/31/27<sup>(h)</sup> |  | 212 | &nbsp;&nbsp; 209598 |
| Agricultural Bank of China Ltd., 1.25%, 01/19/26<sup>(h)</sup> |  | 200 | &nbsp;&nbsp; 198104 |
| &nbsp;&nbsp;&nbsp; Al Rajhi Sukuk Ltd., (5-year CMT + 2.00%), 5.65%, <br> 03/16/36<sup>(a)(h)</sup><br>|  | 200 | &nbsp;&nbsp; 200350 |
| &nbsp;&nbsp;&nbsp; ANB Tier 1 Sukuk Co. Ltd., (5-year CMT + 2.60%), <br> 6.40%<sup>(a)(h)(j)</sup><br>|  | 200 | &nbsp;&nbsp; 200938 |
| Australia & New Zealand Banking Group Ltd.<sup>(a)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; (1-day SOFR + 0.68%), 5.00%, 07/16/27<sup>(h)</sup> |  | 200 | &nbsp;&nbsp; 201109 |
| &nbsp;&nbsp;&nbsp; (5-year CMT + 1.70%), 2.57%, 11/25/35<sup>(b)(g)</sup> |  | 5445 | &nbsp;&nbsp; 4855827 |
| Bangkok Bank PCL/Hong Kong<sup>(h)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 4.45%, 09/19/28 |  | 200 | &nbsp;&nbsp; 201000 |
| &nbsp;&nbsp;&nbsp; (5-year CMT + 1.90%), 3.73%, 09/25/34<sup>(a)</sup> |  | 200 | &nbsp;&nbsp; 189573 |

---

Schedule of Investments

------

Schedule of Investments (unaudited)(continued)

September 30, 2025

**BlackRock Credit Allocation Income Trust (BTZ)** 

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

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| Bank Mandiri Persero Tbk PT, 5.50%, 04/04/26<sup>(h)</sup> | USD | 200 | &nbsp;&nbsp; $201400 |
| &nbsp;&nbsp;&nbsp; Bank Negara Indonesia Persero Tbk PT, 3.75%, <br> 03/30/26<sup>(h)</sup><br>|  | 200 | &nbsp;&nbsp; 198442 |
| Bank of China Ltd./Luxembourg, 1.40%, 04/28/26<sup>(h)</sup> |  | 200 | &nbsp;&nbsp; 196768 |
| Bank of East Asia Ltd.<sup>(a)(h)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; (1-year CMT + 2.30%), 6.63%, 03/13/27 |  | 250 | &nbsp;&nbsp; 252012 |
| &nbsp;&nbsp;&nbsp; (5-year CMT + 2.30%), 4.88%, 04/22/32 |  | 750 | &nbsp;&nbsp; 747540 |
| BPCE SA, (1-day SOFR + 2.61%), 6.92%, 01/14/46<sup>(a)(b)</sup> |  | 3095 | &nbsp;&nbsp; 3322080 |
| &nbsp;&nbsp;&nbsp; BSF Finance, (5-year CMT + 2.00%), 5.76%, <br> 09/03/35<sup>(a)(h)</sup><br>|  | 400 | &nbsp;&nbsp; 400620 |
| &nbsp;&nbsp;&nbsp; China CITIC Bank International Ltd., (5-year CMT + <br> 1.65%), 6.00%, 12/05/33<sup>(a)(h)</sup><br>|  | 250 | &nbsp;&nbsp; 261520 |
| First Abu Dhabi Bank PJSC, 5.00%, 02/28/29<sup>(h)</sup> |  | 200 | &nbsp;&nbsp; 205000 |
| Intesa Sanpaolo SpA, 5.71%, 01/15/26<sup>(b)</sup> |  | 9840 | &nbsp;&nbsp; 9861403 |
| &nbsp;&nbsp;&nbsp; Kasikornbank PCL/Hong Kong, (5-year CMT + 1.70%), <br> 3.34%, 10/02/31<sup>(a)(h)</sup><br>|  | 468 | &nbsp;&nbsp; 459440 |
| &nbsp;&nbsp;&nbsp; KeyCorp, (1-day SOFR Index + 2.42%), 6.40%, <br> 03/06/35<sup>(a)</sup><br>|  | 1995 | &nbsp;&nbsp; 2164976 |
| &nbsp;&nbsp;&nbsp; KODIT Global Co. Ltd., Series 2023-1, 4.95%, <br> 05/25/26<sup>(h)</sup><br>|  | 200 | &nbsp;&nbsp; 200690 |
| Kookmin Bank, 5.25%, 05/08/29<sup>(h)</sup> |  | 200 | &nbsp;&nbsp; 207522 |
| Macquarie Bank Ltd., 6.80%, 01/18/33<sup>(b)(g)</sup> |  | 5110 | &nbsp;&nbsp; 5596251 |
| Metropolitan Bank & Trust Co.<sup>(h)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 5.38%, 03/06/29 |  | 320 | &nbsp;&nbsp; 331400 |
| &nbsp;&nbsp;&nbsp; 5.50%, 03/06/34 |  | 275 | &nbsp;&nbsp; 286687 |
| &nbsp;&nbsp;&nbsp; Nanyang Commercial Bank Ltd., (5-year CMT + 2.10%), <br> 6.00%, 08/06/34<sup>(a)(h)</sup><br>|  | 250 | &nbsp;&nbsp; 257802 |
| NongHyup Bank, 4.00%, 01/06/26<sup>(h)</sup> |  | 200 | &nbsp;&nbsp; 199758 |
| &nbsp;&nbsp;&nbsp; Oversea-Chinese Banking Corp. Ltd., (5-year CMT + <br> 0.80%), 4.55%, 09/08/35<sup>(a)(h)</sup><br>|  | 800 | &nbsp;&nbsp; 799712 |
| Philippine National Bank, 4.85%, 10/23/29<sup>(h)</sup> |  | 200 | &nbsp;&nbsp; 202750 |
| &nbsp;&nbsp;&nbsp; Riyad Sukuk Ltd., (5-year CMT + 2.25%), 6.21%, <br> 07/14/35<sup>(a)(h)</sup><br>|  | 400 | &nbsp;&nbsp; 407830 |
| &nbsp;&nbsp;&nbsp; Saudi Awwal Bank, (5-year CMT + 2.20%), 5.95%, <br> 09/04/35<sup>(a)(h)</sup><br>|  | 200 | &nbsp;&nbsp; 202101 |
| Shinhan Financial Group Co. Ltd., 1.35%, 01/10/26<sup>(h)</sup> |  | 200 | &nbsp;&nbsp; 198000 |
| Standard Chartered PLC<sup>(a)(h)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; (1-day SOFR + 1.68%), 5.94%, 05/13/31 |  | 400 | &nbsp;&nbsp; 408592 |
| &nbsp;&nbsp;&nbsp; (1-year CMT + 2.10%), 6.10%, 01/11/35 |  | 200 | &nbsp;&nbsp; 214484 |
| &nbsp;&nbsp;&nbsp; Toronto-Dominion Bank, (5-year CMT + 2.98%), 7.25%, <br> 07/31/84<sup>(a)</sup><br>|  | 8570 | &nbsp;&nbsp; 9019839 |
| &nbsp;&nbsp;&nbsp; Truist Financial Corp., (1-day SOFR + 2.05%), 6.05%, <br> 06/08/27<sup>(a)(g)</sup><br>|  | 9310 | &nbsp;&nbsp; 9418042 |
| United Overseas Bank Ltd., 1.25%, 04/14/26<sup>(h)</sup> |  | 200 | &nbsp;&nbsp; 197002 |
| Walker & Dunlop, Inc., 6.63%, 04/01/33<sup>(b)</sup> |  | 192 | &nbsp;&nbsp; 196348 |
| Wells Fargo & Co.<sup>(g)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 5.61%, 01/15/44 |  | 4119 | &nbsp;&nbsp; 4123412 |
| &nbsp;&nbsp;&nbsp; (1-day SOFR + 1.51%), 3.53%, 03/24/28<sup>(a)</sup> |  | 4075 | &nbsp;&nbsp; 4038632 |
| &nbsp;&nbsp;&nbsp; Westpac Banking Corp., (1-day SOFR + 0.81%), 5.13%, <br> 04/16/29<sup>(a)</sup><br>|  | 200 | &nbsp;&nbsp; 201815 |
|  |  |  | &nbsp;&nbsp; 61491682 |
| **Beverages**<sup>(g)</sup> **— 1.0%** | **Beverages**<sup>(g)</sup> **— 1.0%** | **Beverages**<sup>(g)</sup> **— 1.0%** | **Beverages**<sup>(g)</sup> **— 1.0%** |
| &nbsp;&nbsp;&nbsp; Anheuser-Busch Cos. LLC/Anheuser-Busch InBev <br> Worldwide, Inc., 4.90%, 02/01/46<br>|  | 5712 | &nbsp;&nbsp; 5351172 |
| &nbsp;&nbsp;&nbsp; Anheuser-Busch InBev Worldwide, Inc., 5.55%, <br> 01/23/49<br>|  | 5000 | &nbsp;&nbsp; 5055350 |
|  |  |  | &nbsp;&nbsp; 10406522 |
| **Biotechnology — 0.5%** | **Biotechnology — 0.5%** | **Biotechnology — 0.5%** | **Biotechnology — 0.5%** |
| Baxalta, Inc., 5.25%, 06/23/45<sup>(g)</sup> |  | 6000 | &nbsp;&nbsp; 5749739 |

---

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Building Materials — 1.2%** | **Building Materials — 1.2%** | **Building Materials — 1.2%** | **Building Materials — 1.2%** |
| AmeriTex HoldCo Intermediate LLC, 7.63%, 08/15/33<sup>(b)</sup> | USD | 286 | &nbsp;&nbsp; $297666 |
| Builders FirstSource, Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 6.38%, 03/01/34 |  | 209 | &nbsp;&nbsp; 215292 |
| &nbsp;&nbsp;&nbsp; 6.75%, 05/15/35 |  | 224 | &nbsp;&nbsp; 233886 |
| CP Atlas Buyer, Inc., 9.75%, 07/15/30<sup>(b)</sup> |  | 88 | &nbsp;&nbsp; 92162 |
| EMRLD Borrower LP/Emerald Co-Issuer, Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 6.38%, 12/15/30 | EUR | 240 | &nbsp;&nbsp; 294377 |
| &nbsp;&nbsp;&nbsp; 6.63%, 12/15/30 | USD | 4324 | &nbsp;&nbsp; 4444851 |
| &nbsp;&nbsp;&nbsp; 6.75%, 07/15/31 |  | 321 | &nbsp;&nbsp; 333408 |
| Jeld-Wen, Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 4.88%, 12/15/27 |  | 322 | &nbsp;&nbsp; 314226 |
| &nbsp;&nbsp;&nbsp; 7.00%, 09/01/32<sup>(g)</sup> |  | 290 | &nbsp;&nbsp; 244899 |
| New Enterprise Stone & Lime Co., Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 5.25%, 07/15/28 |  | 163 | &nbsp;&nbsp; 161496 |
| &nbsp;&nbsp;&nbsp; 9.75%, 07/15/28 |  | 93 | &nbsp;&nbsp; 93206 |
| Quikrete Holdings, Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 6.38%, 03/01/32 |  | 1724 | &nbsp;&nbsp; 1785795 |
| &nbsp;&nbsp;&nbsp; 6.75%, 03/01/33 |  | 395 | &nbsp;&nbsp; 410679 |
| Smyrna Ready Mix Concrete LLC<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 6.00%, 11/01/28 |  | 245 | &nbsp;&nbsp; 245078 |
| &nbsp;&nbsp;&nbsp; 8.88%, 11/15/31 |  | 171 | &nbsp;&nbsp; 180566 |
| Standard Building Solutions, Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 6.50%, 08/15/32 |  | 861 | &nbsp;&nbsp; 883404 |
| &nbsp;&nbsp;&nbsp; 6.25%, 08/01/33 |  | 807 | &nbsp;&nbsp; 817802 |
| Standard Industries, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 2.25%, 11/21/26<sup>(h)</sup> | EUR | 114 | &nbsp;&nbsp; 133291 |
| &nbsp;&nbsp;&nbsp; 4.38%, 07/15/30<sup>(b)</sup> | USD | 1443 | &nbsp;&nbsp; 1383519 |
| &nbsp;&nbsp;&nbsp; 3.38%, 01/15/31<sup>(b)</sup> |  | 393 | &nbsp;&nbsp; 355888 |
| Wilsonart LLC, 11.00%, 08/15/32<sup>(b)</sup> |  | 426 | &nbsp;&nbsp; 414689 |
|  |  |  | &nbsp;&nbsp; 13336180 |
| **Building Products**<sup>(b)</sup> **— 0.4%** | **Building Products**<sup>(b)</sup> **— 0.4%** | **Building Products**<sup>(b)</sup> **— 0.4%** | **Building Products**<sup>(b)</sup> **— 0.4%** |
| Foundation Building Materials, Inc., 6.00%, 03/01/29 |  | 20 | &nbsp;&nbsp; 20272 |
| Park River Holdings, Inc., 03/15/31<sup>(c)</sup> |  | 213 | &nbsp;&nbsp; 215700 |
| QXO Building Products, Inc., 6.75%, 04/30/32 |  | 1156 | &nbsp;&nbsp; 1196918 |
| White Cap Buyer LLC, 6.88%, 10/15/28 |  | 2514 | &nbsp;&nbsp; 2506532 |
|  |  |  | &nbsp;&nbsp; 3939422 |
| **Capital Markets — 1.7%** | **Capital Markets — 1.7%** | **Capital Markets — 1.7%** | **Capital Markets — 1.7%** |
| ARES Strategic Income Fund, 5.45%, 09/09/28<sup>(b)(g)</sup> |  | 4275 | &nbsp;&nbsp; 4308346 |
| Blue Owl Capital Corp., 6.20%, 07/15/30<sup>(g)</sup> |  | 4670 | &nbsp;&nbsp; 4802168 |
| CFAMC II Co. Ltd., 4.63%, 06/03/26<sup>(h)</sup> |  | 200 | &nbsp;&nbsp; 199850 |
| &nbsp;&nbsp;&nbsp; China Ping An Insurance Overseas Holdings Ltd., <br> 6.13%, 05/16/34<sup>(h)</sup><br>|  | 200 | &nbsp;&nbsp; 215786 |
| &nbsp;&nbsp;&nbsp; Compass Group Diversified Holdings LLC, 5.25%, <br> 04/15/29<sup>(b)</sup><br>|  | 455 | &nbsp;&nbsp; 420178 |
| Focus Financial Partners LLC, 6.75%, 09/15/31<sup>(b)</sup> |  | 336 | &nbsp;&nbsp; 344104 |
| Gaci First Investment Co., 5.25%, 10/13/32<sup>(h)</sup> |  | 200 | &nbsp;&nbsp; 207400 |
| &nbsp;&nbsp;&nbsp; HAT Holdings I LLC/HAT Holdings II LLC, 8.00%, <br> 06/15/27<sup>(b)</sup><br>|  | 79 | &nbsp;&nbsp; 82246 |
| Icahn Enterprises LP/Icahn Enterprises Finance Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.25%, 05/15/27 |  | 2670 | &nbsp;&nbsp; 2624466 |
| &nbsp;&nbsp;&nbsp; 9.75%, 01/15/29 |  | 274 | &nbsp;&nbsp; 276535 |
| &nbsp;&nbsp;&nbsp; 4.38%, 02/01/29<sup>(g)</sup> |  | 252 | &nbsp;&nbsp; 217529 |
| &nbsp;&nbsp;&nbsp; 10.00%, 11/15/29<sup>(b)</sup> |  | 110 | &nbsp;&nbsp; 110486 |
| Jane Street Group/JSG Finance, Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 6.13%, 11/01/32 |  | 100 | &nbsp;&nbsp; 101356 |
| &nbsp;&nbsp;&nbsp; 6.75%, 05/01/33 |  | 172 | &nbsp;&nbsp; 178645 |
| &nbsp;&nbsp;&nbsp; Nomura Holdings, Inc., (5-year CMT + 1.30%), 5.04%, <br> 06/10/36<sup>(a)</sup><br>|  | 400 | &nbsp;&nbsp; 398203 |
| Osaic Holdings, Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 6.75%, 08/01/32 |  | 164 | &nbsp;&nbsp; 169385 |

---

------

Schedule of Investments (unaudited)(continued)

September 30, 2025

**BlackRock Credit Allocation Income Trust (BTZ)** 

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

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Capital Markets (continued)** | **Capital Markets (continued)** | **Capital Markets (continued)** | **Capital Markets (continued)** |
| Osaic Holdings, Inc.<sup>(b)</sup> (continued) |  |  |  |
| &nbsp;&nbsp;&nbsp; 8.00%, 08/01/33 | USD | 272 | &nbsp;&nbsp; $281900 |
| &nbsp;&nbsp;&nbsp; State Street Corp., (1-day SOFR + 1.72%), 5.82%, <br> 11/04/28<sup>(a)(g)</sup><br>|  | 2925 | &nbsp;&nbsp; 3027214 |
|  |  |  | &nbsp;&nbsp; 17965797 |
| **Chemicals — 2.9%** | **Chemicals — 2.9%** | **Chemicals — 2.9%** | **Chemicals — 2.9%** |
| Avient Corp., 6.25%, 11/01/31<sup>(b)</sup> |  | 204 | &nbsp;&nbsp; 207167 |
| &nbsp;&nbsp;&nbsp; Axalta Coating Systems Dutch Holding B BV, 7.25%, <br> 02/15/31<sup>(b)</sup><br>|  | 534 | &nbsp;&nbsp; 558681 |
| Axalta Coating Systems LLC, 3.38%, 02/15/29<sup>(b)</sup> |  | 940 | &nbsp;&nbsp; 890560 |
| Celanese U.S. Holdings LLC, 6.75%, 04/15/33<sup>(g)</sup> |  | 241 | &nbsp;&nbsp; 239983 |
| Chemours Co. |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.38%, 05/15/27 |  | 484 | &nbsp;&nbsp; 483600 |
| &nbsp;&nbsp;&nbsp; 5.75%, 11/15/28<sup>(b)</sup> |  | 823 | &nbsp;&nbsp; 802733 |
| &nbsp;&nbsp;&nbsp; 8.00%, 01/15/33<sup>(b)</sup> |  | 222 | &nbsp;&nbsp; 220816 |
| DuPont de Nemours, Inc., 5.42%, 11/15/48<sup>(g)</sup> |  | 7500 | &nbsp;&nbsp; 7414847 |
| Element Solutions, Inc., 3.88%, 09/01/28<sup>(b)</sup> |  | 3039 | &nbsp;&nbsp; 2945192 |
| GC Treasury Center Co. Ltd., 2.98%, 03/18/31<sup>(h)</sup> |  | 200 | &nbsp;&nbsp; 181838 |
| Herens Holdco SARL, 4.75%, 05/15/28<sup>(b)</sup> |  | 200 | &nbsp;&nbsp; 175218 |
| Ingevity Corp., 3.88%, 11/01/28<sup>(b)</sup> |  | 100 | &nbsp;&nbsp; 96083 |
| Inversion Escrow Issuer LLC, 6.75%, 08/01/32<sup>(b)</sup> |  | 400 | &nbsp;&nbsp; 394045 |
| Kraton Corp., 5.00%, 07/15/27<sup>(h)</sup> |  | 200 | &nbsp;&nbsp; 202966 |
| LG Chem Ltd., 2.38%, 07/07/31<sup>(h)</sup> |  | 200 | &nbsp;&nbsp; 175970 |
| LYB Finance Co. BV, 8.10%, 03/15/27<sup>(b)</sup> |  | 6000 | &nbsp;&nbsp; 6287257 |
| Mativ Holdings, Inc., 8.00%, 10/01/29<sup>(b)</sup> |  | 126 | &nbsp;&nbsp; 124747 |
| Methanex U.S. Operations, Inc., 6.25%, 03/15/32<sup>(b)</sup> |  | 274 | &nbsp;&nbsp; 278786 |
| Olympus Water U.S. Holding Corp.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 9.75%, 11/15/28 |  | 1149 | &nbsp;&nbsp; 1205876 |
| &nbsp;&nbsp;&nbsp; 6.25%, 10/01/29<sup>(g)</sup> |  | 400 | &nbsp;&nbsp; 388398 |
| &nbsp;&nbsp;&nbsp; 7.25%, 06/15/31 |  | 1170 | &nbsp;&nbsp; 1186117 |
| &nbsp;&nbsp;&nbsp; 02/15/33<sup>(c)</sup> |  | 1196 | &nbsp;&nbsp; 1197246 |
| SK Invictus Intermediate II SARL, 5.00%, 10/30/29<sup>(b)</sup> |  | 1061 | &nbsp;&nbsp; 1038462 |
| Solstice Advanced Materials, Inc., 5.63%, 09/30/33<sup>(b)</sup> |  | 533 | &nbsp;&nbsp; 534761 |
| WR Grace Holdings LLC<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 4.88%, 06/15/27 |  | 198 | &nbsp;&nbsp; 196772 |
| &nbsp;&nbsp;&nbsp; 5.63%, 08/15/29<sup>(g)</sup> |  | 2729 | &nbsp;&nbsp; 2536600 |
| &nbsp;&nbsp;&nbsp; 7.38%, 03/01/31 |  | 297 | &nbsp;&nbsp; 302883 |
| &nbsp;&nbsp;&nbsp; 6.63%, 08/15/32 |  | 616 | &nbsp;&nbsp; 609088 |
|  |  |  | &nbsp;&nbsp; 30876692 |
| **Commercial Services & Supplies — 2.6%** | **Commercial Services & Supplies — 2.6%** | **Commercial Services & Supplies — 2.6%** | **Commercial Services & Supplies — 2.6%** |
| ADT Security Corp.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 4.88%, 07/15/32 |  | 413 | &nbsp;&nbsp; 399969 |
| &nbsp;&nbsp;&nbsp; 10/15/33<sup>(c)</sup> |  | 583 | &nbsp;&nbsp; 583000 |
| &nbsp;&nbsp;&nbsp; Albion Financing 1 SARL/Aggreko Holdings, Inc., <br> 7.00%, 05/21/30<sup>(b)</sup><br>|  | 617 | &nbsp;&nbsp; 638163 |
| Allied Universal Holdco LLC, 7.88%, 02/15/31<sup>(b)</sup> |  | 2973 | &nbsp;&nbsp; 3117178 |
| &nbsp;&nbsp;&nbsp; Allied Universal Holdco LLC/Allied Universal Finance <br> Corp.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 6.00%, 06/01/29<sup>(g)</sup> |  | 800 | &nbsp;&nbsp; 786443 |
| &nbsp;&nbsp;&nbsp; 6.88%, 06/15/30 |  | 1102 | &nbsp;&nbsp; 1132669 |
| &nbsp;&nbsp;&nbsp; Allied Universal Holdco LLC/Allied Universal Finance <br> Corp./Atlas Luxco 4 SARL<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 4.63%, 06/01/28 |  | 1460 | &nbsp;&nbsp; 1431622 |
| &nbsp;&nbsp;&nbsp; 4.63%, 06/01/28<sup>(g)</sup> |  | 1212 | &nbsp;&nbsp; 1187963 |
| Belron U.K. Finance PLC, 5.75%, 10/15/29<sup>(b)</sup> |  | 1030 | &nbsp;&nbsp; 1043425 |
| Brink's Co.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 6.50%, 06/15/29 |  | 225 | &nbsp;&nbsp; 231547 |
| &nbsp;&nbsp;&nbsp; 6.75%, 06/15/32 |  | 340 | &nbsp;&nbsp; 353649 |
| &nbsp;&nbsp;&nbsp; CMHI Finance BVI Co. Ltd., (5-year CMT + 6.62%), <br> 3.88%<sup>(a)(h)(j)</sup><br>|  | 200 | &nbsp;&nbsp; 199930 |
| Deluxe Corp., 8.13%, 09/15/29<sup>(b)</sup> |  | 164 | &nbsp;&nbsp; 171251 |

---

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Commercial Services & Supplies (continued)** | **Commercial Services & Supplies (continued)** | **Commercial Services & Supplies (continued)** | **Commercial Services & Supplies (continued)** |
| EquipmentShare.com, Inc., 8.00%, 03/15/33<sup>(b)</sup> | USD | 180 | &nbsp;&nbsp; $192374 |
| FTAI Aviation Investors LLC<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 5.50%, 05/01/28 |  | 1350 | &nbsp;&nbsp; 1350215 |
| &nbsp;&nbsp;&nbsp; 7.88%, 12/01/30 |  | 909 | &nbsp;&nbsp; 965946 |
| &nbsp;&nbsp;&nbsp; 7.00%, 05/01/31 |  | 1515 | &nbsp;&nbsp; 1584778 |
| &nbsp;&nbsp;&nbsp; 7.00%, 06/15/32<sup>(g)</sup> |  | 799 | &nbsp;&nbsp; 836171 |
| &nbsp;&nbsp;&nbsp; 5.88%, 04/15/33 |  | 585 | &nbsp;&nbsp; 588669 |
| Garda World Security Corp.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 4.63%, 02/15/27 |  | 240 | &nbsp;&nbsp; 238179 |
| &nbsp;&nbsp;&nbsp; 7.75%, 02/15/28 |  | 606 | &nbsp;&nbsp; 621213 |
| &nbsp;&nbsp;&nbsp; 6.00%, 06/01/29 |  | 89 | &nbsp;&nbsp; 88237 |
| &nbsp;&nbsp;&nbsp; 8.25%, 08/01/32 |  | 765 | &nbsp;&nbsp; 792994 |
| &nbsp;&nbsp;&nbsp; 8.38%, 11/15/32 |  | 1138 | &nbsp;&nbsp; 1181274 |
| Herc Holdings, Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 6.63%, 06/15/29<sup>(g)</sup> |  | 199 | &nbsp;&nbsp; 204473 |
| &nbsp;&nbsp;&nbsp; 7.00%, 06/15/30 |  | 503 | &nbsp;&nbsp; 522479 |
| &nbsp;&nbsp;&nbsp; 7.25%, 06/15/33 |  | 255 | &nbsp;&nbsp; 266195 |
| Hertz Corp., 12.63%, 07/15/29<sup>(b)</sup> |  | 191 | &nbsp;&nbsp; 202488 |
| &nbsp;&nbsp;&nbsp; Prime Security Services Borrower LLC/Prime Finance, <br> Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 5.75%, 04/15/26 |  | 4 | &nbsp;&nbsp; 4016 |
| &nbsp;&nbsp;&nbsp; 6.25%, 01/15/28<sup>(g)</sup> |  | 879 | &nbsp;&nbsp; 878230 |
| RR Donnelley & Sons Co., 9.50%, 08/01/29<sup>(b)</sup> |  | 788 | &nbsp;&nbsp; 807594 |
| Service Corp. International |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.13%, 06/01/29 |  | 468 | &nbsp;&nbsp; 467968 |
| &nbsp;&nbsp;&nbsp; 3.38%, 08/15/30 |  | 1331 | &nbsp;&nbsp; 1233261 |
| &nbsp;&nbsp;&nbsp; 4.00%, 05/15/31 |  | 364 | &nbsp;&nbsp; 343195 |
| &nbsp;&nbsp;&nbsp; 5.75%, 10/15/32 |  | 1280 | &nbsp;&nbsp; 1296740 |
| Sotheby's/Bidfair Holdings, Inc., 5.88%, 06/01/29<sup>(b)</sup> |  | 682 | &nbsp;&nbsp; 621426 |
| Veritiv Operating Co., 10.50%, 11/30/30<sup>(b)</sup> |  | 216 | &nbsp;&nbsp; 231817 |
| Wand NewCo 3, Inc., 7.63%, 01/30/32<sup>(b)</sup> |  | 720 | &nbsp;&nbsp; 758606 |
|  |  |  | &nbsp;&nbsp; 27555347 |
| **Communications Equipment**<sup>(b)</sup> **— 0.1%** | **Communications Equipment**<sup>(b)</sup> **— 0.1%** | **Communications Equipment**<sup>(b)</sup> **— 0.1%** | **Communications Equipment**<sup>(b)</sup> **— 0.1%** |
| CommScope LLC, 4.75%, 09/01/29<sup>(g)</sup> |  | 983 | &nbsp;&nbsp; 976689 |
| Viavi Solutions, Inc., 3.75%, 10/01/29 |  | 227 | &nbsp;&nbsp; 214023 |
|  |  |  | &nbsp;&nbsp; 1190712 |
| **Construction & Engineering — 0.4%** | **Construction & Engineering — 0.4%** | **Construction & Engineering — 0.4%** | **Construction & Engineering — 0.4%** |
| AECOM, 6.00%, 08/01/33<sup>(b)</sup> |  | 906 | &nbsp;&nbsp; 926285 |
| Arcosa, Inc., 6.88%, 08/15/32<sup>(b)</sup> |  | 76 | &nbsp;&nbsp; 79382 |
| Brand Industrial Services, Inc., 10.38%, 08/01/30<sup>(b)</sup> |  | 1967 | &nbsp;&nbsp; 1960731 |
| Dycom Industries, Inc., 4.50%, 04/15/29<sup>(b)</sup> |  | 26 | &nbsp;&nbsp; 25393 |
| IRB Infrastructure Developers Ltd., 7.11%, 03/11/32<sup>(h)</sup> |  | 200 | &nbsp;&nbsp; 207250 |
| &nbsp;&nbsp;&nbsp; Signature Aviation U.S. Holdings, Inc., 4.00%, <br> 03/01/28<sup>(b)</sup><br>|  | 541 | &nbsp;&nbsp; 503806 |
| Summit Digitel Infrastructure Ltd., 2.88%, 08/12/31<sup>(h)</sup> |  | 200 | &nbsp;&nbsp; 179848 |
|  |  |  | &nbsp;&nbsp; 3882695 |
| **Consumer Discretionary**<sup>(b)</sup> **— 0.4%** | **Consumer Discretionary**<sup>(b)</sup> **— 0.4%** | **Consumer Discretionary**<sup>(b)</sup> **— 0.4%** | **Consumer Discretionary**<sup>(b)</sup> **— 0.4%** |
| Clarivate Science Holdings Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp; 3.88%, 07/01/28 |  | 1831 | &nbsp;&nbsp; 1762068 |
| &nbsp;&nbsp;&nbsp; 4.88%, 07/01/29<sup>(g)</sup> |  | 1060 | &nbsp;&nbsp; 1001731 |
| Raven Acquisition Holdings LLC, 6.88%, 11/15/31 |  | 310 | &nbsp;&nbsp; 318577 |
| Williams Scotsman, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 4.63%, 08/15/28 |  | 269 | &nbsp;&nbsp; 264478 |
| &nbsp;&nbsp;&nbsp; 6.63%, 06/15/29 |  | 35 | &nbsp;&nbsp; 35800 |
| &nbsp;&nbsp;&nbsp; 6.63%, 04/15/30 |  | 409 | &nbsp;&nbsp; 420969 |
| &nbsp;&nbsp;&nbsp; 7.38%, 10/01/31 |  | 485 | &nbsp;&nbsp; 506506 |
|  |  |  | &nbsp;&nbsp; 4310129 |
| **Consumer Finance — 1.9%** | **Consumer Finance — 1.9%** | **Consumer Finance — 1.9%** | **Consumer Finance — 1.9%** |
| Block, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 2.75%, 06/01/26 |  | 694 | &nbsp;&nbsp; 684882 |
| &nbsp;&nbsp;&nbsp; 5.63%, 08/15/30<sup>(b)</sup> |  | 443 | &nbsp;&nbsp; 448838 |

---

Schedule of Investments

------

Schedule of Investments (unaudited)(continued)

September 30, 2025

**BlackRock Credit Allocation Income Trust (BTZ)** 

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

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Consumer Finance (continued)** | **Consumer Finance (continued)** | **Consumer Finance (continued)** | **Consumer Finance (continued)** |
| Block, Inc. (continued) |  |  |  |
| &nbsp;&nbsp;&nbsp; 6.50%, 05/15/32 | USD | 2803 | &nbsp;&nbsp; $2901122 |
| &nbsp;&nbsp;&nbsp; 6.00%, 08/15/33<sup>(b)</sup> |  | 681 | &nbsp;&nbsp; 697371 |
| Boost Newco Borrower LLC, 7.50%, 01/15/31<sup>(b)</sup> |  | 1170 | &nbsp;&nbsp; 1241246 |
| &nbsp;&nbsp;&nbsp; Bread Financial Holdings, Inc., (5-year CMT + 4.30%), <br> 8.38%, 06/15/35<sup>(a)(b)</sup><br>|  | 54 | &nbsp;&nbsp; 55449 |
| Global Payments, Inc., 5.95%, 08/15/52<sup>(g)</sup> |  | 4547 | &nbsp;&nbsp; 4461768 |
| Hyundai Card Co. Ltd., 5.75%, 04/24/29<sup>(h)</sup> |  | 345 | &nbsp;&nbsp; 358517 |
| ION Platform Finance U.S., Inc., 09/30/32<sup>(b)(c)</sup> |  | 1398 | &nbsp;&nbsp; 1390378 |
| Muthoot Finance Ltd.<sup>(h)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 7.13%, 02/14/28 |  | 475 | &nbsp;&nbsp; 489696 |
| &nbsp;&nbsp;&nbsp; 6.38%, 03/02/30 |  | 825 | &nbsp;&nbsp; 835560 |
| Navient Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp; 9.38%, 07/25/30 |  | 244 | &nbsp;&nbsp; 269686 |
| &nbsp;&nbsp;&nbsp; 7.88%, 06/15/32 |  | 329 | &nbsp;&nbsp; 346193 |
| OneMain Finance Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp; 6.63%, 05/15/29 |  | 429 | &nbsp;&nbsp; 440957 |
| &nbsp;&nbsp;&nbsp; 5.38%, 11/15/29 |  | 1224 | &nbsp;&nbsp; 1210123 |
| &nbsp;&nbsp;&nbsp; 7.88%, 03/15/30 |  | 388 | &nbsp;&nbsp; 410564 |
| &nbsp;&nbsp;&nbsp; 6.13%, 05/15/30 |  | 422 | &nbsp;&nbsp; 427353 |
| &nbsp;&nbsp;&nbsp; 4.00%, 09/15/30 |  | 109 | &nbsp;&nbsp; 101322 |
| &nbsp;&nbsp;&nbsp; 7.50%, 05/15/31 |  | 115 | &nbsp;&nbsp; 120217 |
| &nbsp;&nbsp;&nbsp; 7.13%, 11/15/31 |  | 139 | &nbsp;&nbsp; 144141 |
| &nbsp;&nbsp;&nbsp; 6.75%, 03/15/32 |  | 423 | &nbsp;&nbsp; 430834 |
| &nbsp;&nbsp;&nbsp; 7.13%, 09/15/32 |  | 309 | &nbsp;&nbsp; 319209 |
| &nbsp;&nbsp;&nbsp; 6.50%, 03/15/33 |  | 550 | &nbsp;&nbsp; 550869 |
| &nbsp;&nbsp;&nbsp; Shift4 Payments LLC/Shift4 Payments Finance Sub, <br> Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 6.75%, 08/15/32 |  | 1389 | &nbsp;&nbsp; 1436075 |
| &nbsp;&nbsp;&nbsp; 5.50%, 05/15/33 | EUR | 350 | &nbsp;&nbsp; 427869 |
| Shinhan Card Co. Ltd., 1.38%, 10/19/25<sup>(h)</sup> | USD | 200 | &nbsp;&nbsp; 199640 |
| WEX, Inc., 6.50%, 03/15/33<sup>(b)</sup> |  | 452 | &nbsp;&nbsp; 461620 |
|  |  |  | &nbsp;&nbsp; 20861499 |
| **Consumer Staples Distribution & Retail — 1.0%** | **Consumer Staples Distribution & Retail — 1.0%** | **Consumer Staples Distribution & Retail — 1.0%** | **Consumer Staples Distribution & Retail — 1.0%** |
| &nbsp;&nbsp;&nbsp; Albertsons Cos., Inc./Safeway, Inc./New Albertsons <br> LP/Albertsons LLC, 6.25%, 03/15/33<sup>(b)</sup><br>|  | 240 | &nbsp;&nbsp; 245448 |
| Boots Group Finco LP<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 5.38%, 08/31/32 | EUR | 465 | &nbsp;&nbsp; 561632 |
| &nbsp;&nbsp;&nbsp; 7.38%, 08/31/32 | GBP | 205 | &nbsp;&nbsp; 280866 |
| CK Hutchison International 21 Ltd., 2.50%, 04/15/31<sup>(h)</sup> | USD | 200 | &nbsp;&nbsp; 181354 |
| CK Hutchison International 23 Ltd.<sup>(h)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 4.75%, 04/21/28 |  | 400 | &nbsp;&nbsp; 405112 |
| &nbsp;&nbsp;&nbsp; 4.88%, 04/21/33 |  | 400 | &nbsp;&nbsp; 405028 |
| CK Hutchison International 24 Ltd., 5.50%, 04/26/34<sup>(h)</sup> |  | 200 | &nbsp;&nbsp; 209706 |
| &nbsp;&nbsp;&nbsp; KeHE Distributors LLC/KeHE Finance Corp./NextWave <br> Distribution, Inc., 9.00%, 02/15/29<sup>(b)</sup><br>|  | 214 | &nbsp;&nbsp; 225161 |
| Performance Food Group, Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 4.25%, 08/01/29 |  | 851 | &nbsp;&nbsp; 826650 |
| &nbsp;&nbsp;&nbsp; 6.13%, 09/15/32 |  | 712 | &nbsp;&nbsp; 729310 |
| U.S. Foods, Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 6.88%, 09/15/28 |  | 132 | &nbsp;&nbsp; 136046 |
| &nbsp;&nbsp;&nbsp; 4.75%, 02/15/29 |  | 595 | &nbsp;&nbsp; 586102 |
| &nbsp;&nbsp;&nbsp; 7.25%, 01/15/32 |  | 338 | &nbsp;&nbsp; 353867 |
| United Natural Foods, Inc., 6.75%, 10/15/28<sup>(b)</sup> |  | 336 | &nbsp;&nbsp; 335973 |
| Walmart, Inc., 5.25%, 09/01/35<sup>(g)</sup> |  | 5150 | &nbsp;&nbsp; 5453132 |
|  |  |  | &nbsp;&nbsp; 10935387 |
| **Containers & Packaging — 3.1%** | **Containers & Packaging — 3.1%** | **Containers & Packaging — 3.1%** | **Containers & Packaging — 3.1%** |
| &nbsp;&nbsp;&nbsp; Ardagh Metal Packaging Finance USA LLC/Ardagh <br> Metal Packaging Finance PLC<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 6.00%, 06/15/27 |  | 509 | &nbsp;&nbsp; 508877 |
| &nbsp;&nbsp;&nbsp; 3.25%, 09/01/28 |  | 200 | &nbsp;&nbsp; 190004 |
| &nbsp;&nbsp;&nbsp; 4.00%, 09/01/29<sup>(g)</sup> |  | 2600 | &nbsp;&nbsp; 2406343 |

---

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Containers & Packaging (continued)** | **Containers & Packaging (continued)** | **Containers & Packaging (continued)** | **Containers & Packaging (continued)** |
| &nbsp;&nbsp;&nbsp; Ardagh Packaging Finance PLC/Ardagh Holdings USA, <br> Inc.<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 2.13%, 08/15/26<sup>(h)</sup> | EUR | 304 | &nbsp;&nbsp; $347072 |
| &nbsp;&nbsp;&nbsp; 4.13%, 08/15/26<sup>(b)(d)</sup> | USD | 900 | &nbsp;&nbsp; 864000 |
| Ball Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp; 3.13%, 09/15/31<sup>(g)</sup> |  | 234 | &nbsp;&nbsp; 212424 |
| &nbsp;&nbsp;&nbsp; 4.25%, 07/01/32 | EUR | 185 | &nbsp;&nbsp; 222155 |
| &nbsp;&nbsp;&nbsp; 5.50%, 09/15/33 | USD | 255 | &nbsp;&nbsp; 257741 |
| Clydesdale Acquisition Holdings, Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 6.63%, 04/15/29 |  | 287 | &nbsp;&nbsp; 290269 |
| &nbsp;&nbsp;&nbsp; 6.88%, 01/15/30 |  | 666 | &nbsp;&nbsp; 683189 |
| &nbsp;&nbsp;&nbsp; 8.75%, 04/15/30 |  | 416 | &nbsp;&nbsp; 427333 |
| &nbsp;&nbsp;&nbsp; 6.75%, 04/15/32 |  | 889 | &nbsp;&nbsp; 911990 |
| Crown Americas LLC, 5.88%, 06/01/33<sup>(b)</sup> |  | 753 | &nbsp;&nbsp; 760614 |
| &nbsp;&nbsp;&nbsp; Crown Americas LLC/Crown Americas Capital Corp. V, <br> 4.25%, 09/30/26<br>|  | 224 | &nbsp;&nbsp; 222880 |
| International Paper Co.<sup>(g)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 8.70%, 06/15/38 |  | 4000 | &nbsp;&nbsp; 4995667 |
| &nbsp;&nbsp;&nbsp; 7.30%, 11/15/39 |  | 10000 | &nbsp;&nbsp; 11618488 |
| LABL, Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 5.88%, 11/01/28 |  | 428 | &nbsp;&nbsp; 331617 |
| &nbsp;&nbsp;&nbsp; 9.50%, 11/01/28 |  | 771 | &nbsp;&nbsp; 654994 |
| &nbsp;&nbsp;&nbsp; 8.63%, 10/01/31 |  | 433 | &nbsp;&nbsp; 318096 |
| Magnera Corp., 7.25%, 11/15/31<sup>(b)</sup> |  | 183 | &nbsp;&nbsp; 172199 |
| Mauser Packaging Solutions Holding Co.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 7.88%, 04/15/27 |  | 5124 | &nbsp;&nbsp; 5174231 |
| &nbsp;&nbsp;&nbsp; 9.25%, 04/15/27 |  | 207 | &nbsp;&nbsp; 207474 |
| OI European Group BV, 6.25%, 05/15/28<sup>(b)</sup> | EUR | 175 | &nbsp;&nbsp; 212051 |
| &nbsp;&nbsp;&nbsp; Owens-Brockway Glass Container, Inc., 6.63%, <br> 05/13/27<sup>(b)</sup><br>| USD | 59 | &nbsp;&nbsp; 58891 |
| Sealed Air Corp.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 4.00%, 12/01/27 |  | 205 | &nbsp;&nbsp; 201185 |
| &nbsp;&nbsp;&nbsp; 5.00%, 04/15/29 |  | 86 | &nbsp;&nbsp; 85520 |
| &nbsp;&nbsp;&nbsp; 6.50%, 07/15/32 |  | 89 | &nbsp;&nbsp; 92178 |
| &nbsp;&nbsp;&nbsp; Sealed Air Corp./Sealed Air Corp. U.S., 6.13%, <br> 02/01/28<sup>(b)</sup><br>|  | 121 | &nbsp;&nbsp; 122671 |
| Silgan Holdings, Inc., 4.25%, 02/15/31<sup>(b)</sup> | EUR | 390 | &nbsp;&nbsp; 459727 |
| Trivium Packaging Finance BV<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 6.63%, 07/15/30 |  | 110 | &nbsp;&nbsp; 135759 |
| &nbsp;&nbsp;&nbsp; 8.25%, 07/15/30 | USD | 200 | &nbsp;&nbsp; 213349 |
| &nbsp;&nbsp;&nbsp; 12.25%, 01/15/31 |  | 200 | &nbsp;&nbsp; 216468 |
|  |  |  | &nbsp;&nbsp; 33575456 |
| **Distributors**<sup>(b)</sup> **— 0.1%** | **Distributors**<sup>(b)</sup> **— 0.1%** | **Distributors**<sup>(b)</sup> **— 0.1%** | **Distributors**<sup>(b)</sup> **— 0.1%** |
| &nbsp;&nbsp;&nbsp; American Builders & Contractors Supply Co., Inc., <br> 3.88%, 11/15/29<br>|  | 6 | &nbsp;&nbsp; 5693 |
| Gates Corp./DE, 6.88%, 07/01/29 |  | 419 | &nbsp;&nbsp; 434775 |
| Resideo Funding, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 4.00%, 09/01/29 |  | 97 | &nbsp;&nbsp; 92655 |
| &nbsp;&nbsp;&nbsp; 6.50%, 07/15/32<sup>(g)</sup> |  | 497 | &nbsp;&nbsp; 509378 |
|  |  |  | &nbsp;&nbsp; 1042501 |
| **Diversified REITs — 2.4%** | **Diversified REITs — 2.4%** | **Diversified REITs — 2.4%** | **Diversified REITs — 2.4%** |
| American Tower Corp., 3.60%, 01/15/28<sup>(g)</sup> |  | 4000 | &nbsp;&nbsp; 3950921 |
| Crown Castle, Inc.<sup>(g)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 3.65%, 09/01/27 |  | 8000 | &nbsp;&nbsp; 7916858 |
| &nbsp;&nbsp;&nbsp; 4.15%, 07/01/50 |  | 820 | &nbsp;&nbsp; 648010 |
| &nbsp;&nbsp;&nbsp; Global Net Lease, Inc./Global Net Lease Operating <br> Partnership LP, 3.75%, 12/15/27<sup>(b)</sup><br>|  | 197 | &nbsp;&nbsp; 191209 |
| GLP Capital LP/GLP Financing II, Inc., 3.25%, 01/15/32 |  | 725 | &nbsp;&nbsp; 652262 |
| &nbsp;&nbsp;&nbsp; Iron Mountain Information Management Services, Inc., <br> 5.00%, 07/15/32<sup>(b)</sup><br>|  | 534 | &nbsp;&nbsp; 514531 |
| Iron Mountain, Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 4.88%, 09/15/27<sup>(g)</sup> |  | 606 | &nbsp;&nbsp; 603086 |

---

------

Schedule of Investments (unaudited)(continued)

September 30, 2025

**BlackRock Credit Allocation Income Trust (BTZ)** 

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

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Diversified REITs (continued)** | **Diversified REITs (continued)** | **Diversified REITs (continued)** | **Diversified REITs (continued)** |
| Iron Mountain, Inc.<sup>(b)</sup> (continued) |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.25%, 07/15/30 | USD | 32 | &nbsp;&nbsp; $31647 |
| &nbsp;&nbsp;&nbsp; 5.63%, 07/15/32 |  | 493 | &nbsp;&nbsp; 490368 |
| &nbsp;&nbsp;&nbsp; 6.25%, 01/15/33 |  | 633 | &nbsp;&nbsp; 645669 |
| &nbsp;&nbsp;&nbsp; 4.75%, 01/15/34 | EUR | 265 | &nbsp;&nbsp; 311810 |
| Millrose Properties, Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 6.38%, 08/01/30 | USD | 704 | &nbsp;&nbsp; 715961 |
| &nbsp;&nbsp;&nbsp; 6.25%, 09/15/32 |  | 357 | &nbsp;&nbsp; 357933 |
| SBA Communications Corp., 3.13%, 02/01/29<sup>(g)</sup> |  | 3003 | &nbsp;&nbsp; 2808741 |
| &nbsp;&nbsp;&nbsp; Uniti Group LP/Uniti Group Finance 2019, Inc./CSL <br> Capital LLC, 10.50%, 02/15/28<sup>(b)</sup><br>|  | 2570 | &nbsp;&nbsp; 2706724 |
| VICI Properties LP, 5.13%, 05/15/32<sup>(g)</sup> |  | 3155 | &nbsp;&nbsp; 3186053 |
|  |  |  | &nbsp;&nbsp; 25731783 |
| **Diversified Telecommunication Services — 7.6%** | **Diversified Telecommunication Services — 7.6%** | **Diversified Telecommunication Services — 7.6%** | **Diversified Telecommunication Services — 7.6%** |
| Altice Financing SA<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 01/15/28 |  | 200 | &nbsp;&nbsp; 155500 |
| &nbsp;&nbsp;&nbsp; 5.75%, 08/15/29 |  | 715 | &nbsp;&nbsp; 538038 |
| AT&T, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 4.65%, 06/01/44 |  | 28 | &nbsp;&nbsp; 24697 |
| &nbsp;&nbsp;&nbsp; 4.35%, 06/15/45 |  | 95 | &nbsp;&nbsp; 80266 |
| &nbsp;&nbsp;&nbsp; 3.50%, 09/15/53<sup>(g)</sup> |  | 15960 | &nbsp;&nbsp; 11039579 |
| &nbsp;&nbsp;&nbsp; Connect Finco SARL/Connect U.S. Finco LLC, 9.00%, <br> 09/15/29<sup>(b)</sup><br>|  | 317 | &nbsp;&nbsp; 333295 |
| EchoStar Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp; (6.75% PIK), 6.75%, 11/30/30<sup>(i)</sup> |  | 2631 | &nbsp;&nbsp; 2712216 |
| &nbsp;&nbsp;&nbsp; 10.75%, 11/30/29 |  | 1571 | &nbsp;&nbsp; 1728069 |
| Fibercop SpA, 6.00%, 09/30/34<sup>(b)</sup> |  | 600 | &nbsp;&nbsp; 571897 |
| Frontier Communications Holdings LLC |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.88%, 10/15/27<sup>(b)</sup> |  | 68 | &nbsp;&nbsp; 67959 |
| &nbsp;&nbsp;&nbsp; 5.00%, 05/01/28<sup>(b)</sup> |  | 640 | &nbsp;&nbsp; 638561 |
| &nbsp;&nbsp;&nbsp; 6.75%, 05/01/29<sup>(b)</sup> |  | 146 | &nbsp;&nbsp; 147456 |
| &nbsp;&nbsp;&nbsp; 5.88%, 11/01/29 |  | 268 | &nbsp;&nbsp; 270596 |
| &nbsp;&nbsp;&nbsp; 6.00%, 01/15/30<sup>(b)</sup> |  | 358 | &nbsp;&nbsp; 362211 |
| &nbsp;&nbsp;&nbsp; 8.75%, 05/15/30<sup>(b)</sup> |  | 2916 | &nbsp;&nbsp; 3046185 |
| &nbsp;&nbsp;&nbsp; 8.63%, 03/15/31<sup>(b)</sup> |  | 395 | &nbsp;&nbsp; 416433 |
| &nbsp;&nbsp;&nbsp; Globe Telecom, Inc., (5-year CMT + 5.53%), <br> 4.20%<sup>(a)(h)(j)</sup><br>|  | 700 | &nbsp;&nbsp; 694400 |
| HKT Capital No. 4 Ltd., 3.00%, 07/14/26<sup>(h)</sup> |  | 200 | &nbsp;&nbsp; 198064 |
| Level 3 Financing, Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 3.63%, 01/15/29 |  | 80 | &nbsp;&nbsp; 69236 |
| &nbsp;&nbsp;&nbsp; 4.88%, 06/15/29 |  | 1402 | &nbsp;&nbsp; 1318490 |
| &nbsp;&nbsp;&nbsp; 4.50%, 04/01/30 |  | 578 | &nbsp;&nbsp; 528551 |
| &nbsp;&nbsp;&nbsp; 3.88%, 10/15/30 |  | 148 | &nbsp;&nbsp; 129218 |
| &nbsp;&nbsp;&nbsp; 4.00%, 04/15/31 |  | 69 | &nbsp;&nbsp; 59640 |
| &nbsp;&nbsp;&nbsp; 6.88%, 06/30/33 |  | 2536 | &nbsp;&nbsp; 2585150 |
| &nbsp;&nbsp;&nbsp; 7.00%, 03/31/34 |  | 2404 | &nbsp;&nbsp; 2445611 |
| Lumen Technologies, Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 4.13%, 04/15/29 |  | 369 | &nbsp;&nbsp; 361398 |
| &nbsp;&nbsp;&nbsp; 4.13%, 04/15/30 |  | 369 | &nbsp;&nbsp; 361257 |
| &nbsp;&nbsp;&nbsp; 10.00%, 10/15/32 |  | 283 | &nbsp;&nbsp; 285934 |
| Maya SAS/Paris France<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 7.00%, 10/15/28 |  | 735 | &nbsp;&nbsp; 746782 |
| &nbsp;&nbsp;&nbsp; 8.50%, 04/15/31 |  | 925 | &nbsp;&nbsp; 992056 |
| &nbsp;&nbsp;&nbsp; 7.00%, 04/15/32 |  | 364 | &nbsp;&nbsp; 371209 |
| NTT Finance Corp., 3.68%, 07/16/33<sup>(h)</sup> | EUR | 175 | &nbsp;&nbsp; 208581 |
| Sable International Finance Ltd., 7.13%, 10/15/32<sup>(b)</sup> | USD | 639 | &nbsp;&nbsp; 647323 |
| Sprint Capital Corp.<sup>(g)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 6.88%, 11/15/28 |  | 3063 | &nbsp;&nbsp; 3294711 |
| &nbsp;&nbsp;&nbsp; 8.75%, 03/15/32 |  | 2041 | &nbsp;&nbsp; 2486517 |
| Telecom Italia Capital SA, 7.72%, 06/04/38 |  | 478 | &nbsp;&nbsp; 529525 |

---

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Diversified Telecommunication Services (continued)** | **Diversified Telecommunication Services (continued)** | **Diversified Telecommunication Services (continued)** | **Diversified Telecommunication Services (continued)** |
| Telefonica Emisiones SA, 5.21%, 03/08/47<sup>(g)</sup> | USD | 5000 | &nbsp;&nbsp; $4494426 |
| Verizon Communications, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 6.40%, 09/15/33<sup>(g)</sup> |  | 9475 | &nbsp;&nbsp; 10451741 |
| &nbsp;&nbsp;&nbsp; 6.55%, 09/15/43<sup>(g)</sup> |  | 13225 | &nbsp;&nbsp; 14765607 |
| &nbsp;&nbsp;&nbsp; 5.01%, 04/15/49 |  | 6998 | &nbsp;&nbsp; 6494524 |
| Windstream Services LLC, 10/15/33<sup>(b)(c)</sup> |  | 452 | &nbsp;&nbsp; 451878 |
| &nbsp;&nbsp;&nbsp; Windstream Services LLC/Windstream Escrow Finance <br> Corp., 8.25%, 10/01/31<sup>(b)</sup><br>|  | 1183 | &nbsp;&nbsp; 1225442 |
| Zayo Group Holdings, Inc.<sup>(b)(c)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 03/09/30 |  | 3094 | &nbsp;&nbsp; 2962427 |
| &nbsp;&nbsp;&nbsp; 09/09/30 |  | 423 | &nbsp;&nbsp; 400612 |
|  |  |  | &nbsp;&nbsp; 81693268 |
| **Electric Utilities — 4.0%** | **Electric Utilities — 4.0%** | **Electric Utilities — 4.0%** | **Electric Utilities — 4.0%** |
| Alpha Generation LLC, 6.75%, 10/15/32<sup>(b)</sup> |  | 336 | &nbsp;&nbsp; 346850 |
| &nbsp;&nbsp;&nbsp; California Buyer Ltd./Atlantica Sustainable Infrastructure <br> PLC, 6.38%, 02/15/32<sup>(b)</sup><br>|  | 286 | &nbsp;&nbsp; 293130 |
| &nbsp;&nbsp;&nbsp; China Huaneng Group Hong Kong Treasury <br> Management Holding Ltd., 1.60%, 01/20/26<sup>(h)</sup><br>|  | 200 | &nbsp;&nbsp; 198250 |
| Chugoku Electric Power Co., Inc., 5.74%, 01/14/35<sup>(h)</sup> |  | 200 | &nbsp;&nbsp; 209139 |
| Continuum Energy Aura Pte. Ltd., 9.50%, 02/24/27<sup>(h)</sup> |  | 200 | &nbsp;&nbsp; 206188 |
| ContourGlobal Power Holdings SA, 6.75%, 02/28/30<sup>(b)</sup> |  | 600 | &nbsp;&nbsp; 623244 |
| &nbsp;&nbsp;&nbsp; Edison International, Series A, (5-year CMT + 4.70%), <br> 5.38%<sup>(a)(j)</sup><br>|  | 217 | &nbsp;&nbsp; 210679 |
| &nbsp;&nbsp;&nbsp; Emera, Inc., Series 16-A, (3-mo. SOFR US + 5.7%), <br> 6.75%, 06/15/76<sup>(a)</sup><br>|  | 7500 | &nbsp;&nbsp; 7538437 |
| FirstEnergy Corp., 2.65%, 03/01/30 |  | 73 | &nbsp;&nbsp; 67729 |
| Hanwha Futureproof Corp., 4.75%, 04/30/28<sup>(h)</sup> |  | 375 | &nbsp;&nbsp; 381525 |
| Hokkaido Electric Power Co., Inc., 4.59%, 09/04/30<sup>(h)</sup> |  | 400 | &nbsp;&nbsp; 400875 |
| Minejesa Capital BV, 4.63%, 08/10/30<sup>(h)</sup> |  | 144 | &nbsp;&nbsp; 143121 |
| Mong Duong Finance Holdings BV, 5.13%, 05/07/29<sup>(h)</sup> |  | 410 | &nbsp;&nbsp; 405336 |
| &nbsp;&nbsp;&nbsp; NextEra Energy Capital Holdings, Inc., (3-mo. SOFR US <br> + 2.67%), 4.80%, 12/01/77<sup>(a)(g)</sup><br>|  | 5000 | &nbsp;&nbsp; 4841475 |
| Oncor Electric Delivery Co. LLC, 5.30%, 06/01/42<sup>(g)</sup> |  | 2750 | &nbsp;&nbsp; 2713346 |
| Pacific Gas and Electric Co., 4.20%, 06/01/41<sup>(g)</sup> |  | 2310 | &nbsp;&nbsp; 1891586 |
| &nbsp;&nbsp;&nbsp; Pattern Energy Operations LP/Pattern Energy <br> Operations, Inc., 4.50%, 08/15/28<sup>(b)</sup><br>|  | 150 | &nbsp;&nbsp; 146194 |
| &nbsp;&nbsp;&nbsp; Perusahaan Perseroan Persero PT Perusahaan Listrik <br> Negara<sup>(h)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 3.00%, 06/30/30 |  | 350 | &nbsp;&nbsp; 326812 |
| &nbsp;&nbsp;&nbsp; 1.88%, 11/05/31 | EUR | 200 | &nbsp;&nbsp; 210376 |
| PG&E Corp., 5.25%, 07/01/30 | USD | 226 | &nbsp;&nbsp; 222869 |
| Pike Corp., 8.63%, 01/31/31<sup>(b)</sup> |  | 126 | &nbsp;&nbsp; 135166 |
| Progress Energy, Inc., 7.00%, 10/30/31<sup>(g)</sup> |  | 12000 | &nbsp;&nbsp; 13496789 |
| Sempra, (5-year CMT + 4.55%), 4.88%<sup>(a)(j)</sup> |  | 4375 | &nbsp;&nbsp; 4374125 |
| &nbsp;&nbsp;&nbsp; Star Energy Geothermal Darajat II/Star Energy <br> Geothermal Salak, 4.85%, 10/14/38<sup>(h)</sup><br>|  | 200 | &nbsp;&nbsp; 190750 |
| &nbsp;&nbsp;&nbsp; State Grid Overseas Investment BVI Ltd., 3.50%, <br> 05/04/27<sup>(h)</sup><br>|  | 200 | &nbsp;&nbsp; 199150 |
| &nbsp;&nbsp;&nbsp; Three Gorges Finance I Cayman Islands Ltd., 3.15%, <br> 06/02/26<sup>(h)</sup><br>|  | 200 | &nbsp;&nbsp; 198380 |
| Vistra Operations Co. LLC<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 5.50%, 09/01/26 |  | 23 | &nbsp;&nbsp; 22982 |
| &nbsp;&nbsp;&nbsp; 5.63%, 02/15/27 |  | 812 | &nbsp;&nbsp; 812480 |
| &nbsp;&nbsp;&nbsp; 5.00%, 07/31/27 |  | 23 | &nbsp;&nbsp; 22924 |
| &nbsp;&nbsp;&nbsp; 7.75%, 10/15/31 |  | 718 | &nbsp;&nbsp; 759782 |
| &nbsp;&nbsp;&nbsp; 6.88%, 04/15/32 |  | 420 | &nbsp;&nbsp; 439268 |
| &nbsp;&nbsp;&nbsp; XPLR Infrastructure Operating Partners LP, 8.38%, <br> 01/15/31<sup>(b)(g)</sup><br>|  | 776 | &nbsp;&nbsp; 813248 |
|  |  |  | &nbsp;&nbsp; 42842205 |

---

Schedule of Investments

------

Schedule of Investments (unaudited)(continued)

September 30, 2025

**BlackRock Credit Allocation Income Trust (BTZ)** 

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

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Electronic Equipment, Instruments & Components**<sup>(b)</sup> **— 0.6%** | **Electronic Equipment, Instruments & Components**<sup>(b)</sup> **— 0.6%** | **Electronic Equipment, Instruments & Components**<sup>(b)</sup> **— 0.6%** | **Electronic Equipment, Instruments & Components**<sup>(b)</sup> **— 0.6%** |
| Coherent Corp., 5.00%, 12/15/29<sup>(g)</sup> | USD | 487 | &nbsp;&nbsp; $480281 |
| Imola Merger Corp., 4.75%, 05/15/29 |  | 573 | &nbsp;&nbsp; 557314 |
| Sensata Technologies BV, 4.00%, 04/15/29 |  | 207 | &nbsp;&nbsp; 198652 |
| Sensata Technologies, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 4.38%, 02/15/30 |  | 2150 | &nbsp;&nbsp; 2075085 |
| &nbsp;&nbsp;&nbsp; 3.75%, 02/15/31<sup>(g)</sup> |  | 416 | &nbsp;&nbsp; 383918 |
| &nbsp;&nbsp;&nbsp; 6.63%, 07/15/32 |  | 612 | &nbsp;&nbsp; 633284 |
| WESCO Distribution, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 7.25%, 06/15/28 |  | 1043 | &nbsp;&nbsp; 1056559 |
| &nbsp;&nbsp;&nbsp; 6.63%, 03/15/32 |  | 172 | &nbsp;&nbsp; 178746 |
| &nbsp;&nbsp;&nbsp; 6.38%, 03/15/33 |  | 346 | &nbsp;&nbsp; 358673 |
| Zebra Technologies Corp., 6.50%, 06/01/32 |  | 166 | &nbsp;&nbsp; 170495 |
|  |  |  | &nbsp;&nbsp; 6093007 |
| **Energy Equipment & Services — 0.6%** | **Energy Equipment & Services — 0.6%** | **Energy Equipment & Services — 0.6%** | **Energy Equipment & Services — 0.6%** |
| &nbsp;&nbsp;&nbsp; Archrock Partners LP/Archrock Partners Finance <br> Corp.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 6.88%, 04/01/27 |  | 415 | &nbsp;&nbsp; 415019 |
| &nbsp;&nbsp;&nbsp; 6.25%, 04/01/28 |  | 21 | &nbsp;&nbsp; 21029 |
| &nbsp;&nbsp;&nbsp; 6.63%, 09/01/32 |  | 672 | &nbsp;&nbsp; 689326 |
| Kodiak Gas Services LLC<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 7.25%, 02/15/29 |  | 757 | &nbsp;&nbsp; 785512 |
| &nbsp;&nbsp;&nbsp; 6.50%, 10/01/33 |  | 408 | &nbsp;&nbsp; 415416 |
| &nbsp;&nbsp;&nbsp; 6.75%, 10/01/35 |  | 308 | &nbsp;&nbsp; 316241 |
| Oceaneering International, Inc., 6.00%, 02/01/28 |  | 101 | &nbsp;&nbsp; 102249 |
| Star Holding LLC, 8.75%, 08/01/31<sup>(b)</sup> |  | 366 | &nbsp;&nbsp; 363147 |
| Tidewater, Inc., 9.13%, 07/15/30<sup>(b)</sup> |  | 266 | &nbsp;&nbsp; 285272 |
| &nbsp;&nbsp;&nbsp; USA Compression Partners LP/USA Compression <br> Finance Corp.<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 6.88%, 09/01/27 |  | 473 | &nbsp;&nbsp; 472894 |
| &nbsp;&nbsp;&nbsp; 7.13%, 03/15/29<sup>(b)</sup> |  | 526 | &nbsp;&nbsp; 542476 |
| &nbsp;&nbsp;&nbsp; 6.25%, 10/01/33<sup>(b)</sup> |  | 724 | &nbsp;&nbsp; 726769 |
| Weatherford International Ltd.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 8.63%, 04/30/30 |  | 916 | &nbsp;&nbsp; 936382 |
| &nbsp;&nbsp;&nbsp; 10/15/33<sup>(c)</sup> |  | 646 | &nbsp;&nbsp; 646449 |
|  |  |  | &nbsp;&nbsp; 6718181 |
| **Entertainment**<sup>(b)</sup> **— 0.1%** | **Entertainment**<sup>(b)</sup> **— 0.1%** | **Entertainment**<sup>(b)</sup> **— 0.1%** | **Entertainment**<sup>(b)</sup> **— 0.1%** |
| Flutter Treasury DAC |  |  |  |
| &nbsp;&nbsp;&nbsp; 6.38%, 04/29/29 |  | 224 | &nbsp;&nbsp; 231307 |
| &nbsp;&nbsp;&nbsp; 5.88%, 06/04/31 |  | 600 | &nbsp;&nbsp; 609012 |
| &nbsp;&nbsp;&nbsp; Scientific Games Holdings LP/Scientific Games <br> U.S. FinCo, Inc., 6.63%, 03/01/30<br>|  | 336 | &nbsp;&nbsp; 312383 |
|  |  |  | &nbsp;&nbsp; 1152702 |
| **Environmental, Maintenance & Security Service**<sup>(b)</sup> **— 0.6%** | **Environmental, Maintenance & Security Service**<sup>(b)</sup> **— 0.6%** | **Environmental, Maintenance & Security Service**<sup>(b)</sup> **— 0.6%** | **Environmental, Maintenance & Security Service**<sup>(b)</sup> **— 0.6%** |
| Clean Harbors, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.13%, 07/15/29 |  | 1142 | &nbsp;&nbsp; 1132510 |
| &nbsp;&nbsp;&nbsp; 6.38%, 02/01/31 |  | 100 | &nbsp;&nbsp; 102403 |
| GFL Environmental, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 4.00%, 08/01/28 |  | 36 | &nbsp;&nbsp; 35146 |
| &nbsp;&nbsp;&nbsp; 4.75%, 06/15/29 |  | 558 | &nbsp;&nbsp; 550365 |
| &nbsp;&nbsp;&nbsp; 4.38%, 08/15/29 |  | 629 | &nbsp;&nbsp; 613658 |
| &nbsp;&nbsp;&nbsp; 6.75%, 01/15/31 |  | 653 | &nbsp;&nbsp; 683313 |
| Luna 1.5 SARL, (10.50% PIK), 10.50%, 07/01/32<sup>(i)</sup> | EUR | 140 | &nbsp;&nbsp; 170330 |
| Madison IAQ LLC, 5.88%, 06/30/29<sup>(g)</sup> | USD | 939 | &nbsp;&nbsp; 927638 |
| Reworld Holding Corp., 4.88%, 12/01/29 |  | 142 | &nbsp;&nbsp; 133546 |
| Waste Pro USA, Inc., 7.00%, 02/01/33 |  | 1318 | &nbsp;&nbsp; 1365180 |
| Wrangler Holdco Corp., 6.63%, 04/01/32 |  | 211 | &nbsp;&nbsp; 220010 |
|  |  |  | &nbsp;&nbsp; 5934099 |
| **Financial Services — 6.7%** | **Financial Services — 6.7%** | **Financial Services — 6.7%** | **Financial Services — 6.7%** |
| Azorra Finance Ltd.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 7.75%, 04/15/30 |  | 223 | &nbsp;&nbsp; 233871 |

---

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Financial Services (continued)** | **Financial Services (continued)** | **Financial Services (continued)** | **Financial Services (continued)** |
| Azorra Finance Ltd.<sup>(b)</sup> (continued) |  |  |  |
| &nbsp;&nbsp;&nbsp; 7.25%, 01/15/31 | USD | 147 | &nbsp;&nbsp; $153070 |
| Bank of America Corp.<sup>(a)(g)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; (1-day SOFR + 1.83%), 4.57%, 04/27/33 |  | 9380 | &nbsp;&nbsp; 9378061 |
| &nbsp;&nbsp;&nbsp; (1-day SOFR + 1.99%), 6.20%, 11/10/28 |  | 3090 | &nbsp;&nbsp; 3220086 |
| BOC Aviation Ltd., 1.75%, 01/21/26<sup>(h)</sup> |  | 200 | &nbsp;&nbsp; 198346 |
| BOC Aviation USA Corp., 5.25%, 01/14/30<sup>(h)</sup> |  | 200 | &nbsp;&nbsp; 207658 |
| China Cinda 2020 I Management Ltd.<sup>(h)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 3.25%, 01/28/27 |  | 200 | &nbsp;&nbsp; 197210 |
| &nbsp;&nbsp;&nbsp; 3.00%, 03/18/27 |  | 200 | &nbsp;&nbsp; 196210 |
| CITIC Ltd., 3.70%, 06/14/26<sup>(h)</sup> |  | 200 | &nbsp;&nbsp; 199106 |
| Citigroup, Inc.<sup>(g)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 6.68%, 09/13/43 |  | 4125 | &nbsp;&nbsp; 4659385 |
| &nbsp;&nbsp;&nbsp; (1-day SOFR + 2.66%), 6.17%, 05/25/34<sup>(a)</sup> |  | 2740 | &nbsp;&nbsp; 2915397 |
| &nbsp;&nbsp;&nbsp; CMB International Leasing Management Ltd., (1-day <br> SOFR + 0.76%), 5.00%, 06/04/27<sup>(a)(h)</sup><br>|  | 200 | &nbsp;&nbsp; 200388 |
| &nbsp;&nbsp;&nbsp; CrossCountry Intermediate HoldCo LLC, 6.50%, <br> 10/01/30<sup>(b)</sup><br>|  | 317 | &nbsp;&nbsp; 318166 |
| &nbsp;&nbsp;&nbsp; Deutsche Bank AG, (1-day SOFR + 1.87%), 2.13%, <br> 11/24/26<sup>(a)(g)</sup><br>|  | 3260 | &nbsp;&nbsp; 3248063 |
| &nbsp;&nbsp;&nbsp; Deutsche Bank AG/New York, (1-day SOFR + 2.51%), <br> 6.82%, 11/20/29<sup>(a)</sup><br>|  | 3975 | &nbsp;&nbsp; 4251893 |
| Far East Horizon Ltd.<sup>(h)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 6.63%, 04/16/27 |  | 290 | &nbsp;&nbsp; 296960 |
| &nbsp;&nbsp;&nbsp; 5.88%, 03/05/28 |  | 200 | &nbsp;&nbsp; 202688 |
| Freedom Mortgage Holdings LLC<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 9.25%, 02/01/29 |  | 235 | &nbsp;&nbsp; 247261 |
| &nbsp;&nbsp;&nbsp; 9.13%, 05/15/31 |  | 407 | &nbsp;&nbsp; 432866 |
| &nbsp;&nbsp;&nbsp; 8.38%, 04/01/32 |  | 245 | &nbsp;&nbsp; 256797 |
| GGAM Finance Ltd.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 7.75%, 05/15/26 |  | 66 | &nbsp;&nbsp; 66165 |
| &nbsp;&nbsp;&nbsp; 8.00%, 06/15/28 |  | 202 | &nbsp;&nbsp; 213808 |
| &nbsp;&nbsp;&nbsp; 6.88%, 04/15/29 |  | 462 | &nbsp;&nbsp; 479099 |
| &nbsp;&nbsp;&nbsp; 5.88%, 03/15/30 |  | 286 | &nbsp;&nbsp; 289933 |
| Global Aircraft Leasing Co. Ltd., 8.75%, 09/01/27<sup>(b)</sup> |  | 542 | &nbsp;&nbsp; 558867 |
| &nbsp;&nbsp;&nbsp; Goldman Sachs Group, Inc., (1-day SOFR + 1.85%), <br> 3.62%, 03/15/28<sup>(a)</sup><br>|  | 1830 | &nbsp;&nbsp; 1816275 |
| Golub Capital Private Credit Fund, 5.45%, 08/15/28<sup>(g)</sup> |  | 7840 | &nbsp;&nbsp; 7880932 |
| &nbsp;&nbsp;&nbsp; HSBC Holdings PLC, (1-day SOFR + 1.57%), 5.84%, <br> 05/13/31<sup>(a)(g)</sup><br>|  | 400 | &nbsp;&nbsp; 407842 |
| &nbsp;&nbsp;&nbsp; Jefferies Finance LLC/JFIN Co-Issuer Corp., 5.00%, <br> 08/15/28<sup>(b)</sup><br>|  | 475 | &nbsp;&nbsp; 458938 |
| JIC Zhixin Ltd., 3.50%, 11/24/27<sup>(h)</sup> |  | 200 | &nbsp;&nbsp; 197690 |
| &nbsp;&nbsp;&nbsp; JPMorgan Chase & Co., (1-day SOFR + 2.58%), 5.72%, <br> 09/14/33<sup>(a)(g)</sup><br>|  | 11000 | &nbsp;&nbsp; 11632785 |
| Manappuram Finance Ltd., 7.38%, 05/12/28<sup>(h)</sup> |  | 200 | &nbsp;&nbsp; 204500 |
| Midcap Financial Issuer Trust<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 6.50%, 05/01/28 |  | 200 | &nbsp;&nbsp; 198630 |
| &nbsp;&nbsp;&nbsp; 5.63%, 01/15/30 |  | 600 | &nbsp;&nbsp; 565746 |
| &nbsp;&nbsp;&nbsp; Mitsubishi UFJ Financial Group, Inc., (1-day SOFR + <br> 1.48%), 5.80%, 04/24/31<sup>(a)</sup><br>|  | 400 | &nbsp;&nbsp; 406640 |
| &nbsp;&nbsp;&nbsp; Mizuho Financial Group, Inc., (1-day SOFR + 1.25%), <br> 5.60%, 07/08/31<sup>(a)</sup><br>|  | 275 | &nbsp;&nbsp; 277044 |
| Muangthai Capital PCL, 7.55%, 07/21/30<sup>(h)</sup> |  | 475 | &nbsp;&nbsp; 492361 |
| Nationstar Mortgage Holdings, Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 6.00%, 01/15/27 |  | 244 | &nbsp;&nbsp; 244000 |
| &nbsp;&nbsp;&nbsp; 6.50%, 08/01/29 |  | 682 | &nbsp;&nbsp; 699656 |
| &nbsp;&nbsp;&nbsp; 5.13%, 12/15/30 |  | 113 | &nbsp;&nbsp; 113994 |
| &nbsp;&nbsp;&nbsp; 5.75%, 11/15/31 |  | 436 | &nbsp;&nbsp; 440579 |
| PennyMac Financial Services, Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 7.88%, 12/15/29 |  | 301 | &nbsp;&nbsp; 319450 |
| &nbsp;&nbsp;&nbsp; 7.13%, 11/15/30 |  | 307 | &nbsp;&nbsp; 319667 |

---

------

Schedule of Investments (unaudited)(continued)

September 30, 2025

**BlackRock Credit Allocation Income Trust (BTZ)** 

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

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Financial Services (continued)** | **Financial Services (continued)** | **Financial Services (continued)** | **Financial Services (continued)** |
| PennyMac Financial Services, Inc.<sup>(b)</sup> (continued) |  |  |  |
| &nbsp;&nbsp;&nbsp; 6.88%, 05/15/32 | USD | 262 | &nbsp;&nbsp; $271484 |
| &nbsp;&nbsp;&nbsp; 6.75%, 02/15/34 |  | 212 | &nbsp;&nbsp; 216258 |
| Phoenix Aviation Capital Ltd., 9.25%, 07/15/30<sup>(b)</sup> |  | 559 | &nbsp;&nbsp; 594728 |
| &nbsp;&nbsp;&nbsp; Piramal Capital & Housing Finance Ltd., 7.80%, <br> 01/29/28<sup>(h)</sup><br>|  | 200 | &nbsp;&nbsp; 205000 |
| Power Finance Corp. Ltd., 3.75%, 12/06/27<sup>(h)</sup> |  | 200 | &nbsp;&nbsp; 197262 |
| Rocket Cos., Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 6.13%, 08/01/30 |  | 1844 | &nbsp;&nbsp; 1892534 |
| &nbsp;&nbsp;&nbsp; 6.38%, 08/01/33 |  | 1292 | &nbsp;&nbsp; 1333491 |
| &nbsp;&nbsp;&nbsp; Rocket Mortgage LLC/Rocket Mortgage Co-Issuer, <br> Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 2.88%, 10/15/26<sup>(g)</sup> |  | 121 | &nbsp;&nbsp; 118523 |
| &nbsp;&nbsp;&nbsp; 3.88%, 03/01/31 |  | 157 | &nbsp;&nbsp; 146614 |
| &nbsp;&nbsp;&nbsp; 4.00%, 10/15/33 |  | 45 | &nbsp;&nbsp; 41098 |
| &nbsp;&nbsp;&nbsp; UniCredit SpA, (5-year CMT + 4.75%), 5.46%, <br> 06/30/35<sup>(a)(b)</sup><br>|  | 6135 | &nbsp;&nbsp; 6185127 |
| UWM Holdings LLC<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 6.63%, 02/01/30 |  | 541 | &nbsp;&nbsp; 550350 |
| &nbsp;&nbsp;&nbsp; 6.25%, 03/15/31 |  | 228 | &nbsp;&nbsp; 226914 |
|  |  |  | &nbsp;&nbsp; 71277466 |
| **Food Products — 1.6%** | **Food Products — 1.6%** | **Food Products — 1.6%** | **Food Products — 1.6%** |
| Aramark Services, Inc., 5.00%, 02/01/28<sup>(b)</sup> |  | 225 | &nbsp;&nbsp; 223939 |
| B&G Foods, Inc., 8.00%, 09/15/28<sup>(b)</sup> |  | 127 | &nbsp;&nbsp; 123052 |
| &nbsp;&nbsp;&nbsp; Chobani Holdco II LLC, (8.75% in Cash or 9.5% in PIK), <br> 8.75%, 10/01/29<sup>(b)(i)</sup><br>|  | 1897 | &nbsp;&nbsp; 2010759 |
| Chobani LLC/Chobani Finance Corp., Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 4.63%, 11/15/28 |  | 640 | &nbsp;&nbsp; 632852 |
| &nbsp;&nbsp;&nbsp; 7.63%, 07/01/29 |  | 1660 | &nbsp;&nbsp; 1730960 |
| Darling Global Finance BV, 4.50%, 07/15/32<sup>(b)</sup> | EUR | 235 | &nbsp;&nbsp; 278558 |
| Darling Ingredients, Inc., 6.00%, 06/15/30<sup>(b)(g)</sup> | USD | 391 | &nbsp;&nbsp; 394738 |
| Fiesta Purchaser, Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 7.88%, 03/01/31 |  | 28 | &nbsp;&nbsp; 29549 |
| &nbsp;&nbsp;&nbsp; 9.63%, 09/15/32 |  | 119 | &nbsp;&nbsp; 128472 |
| General Mills, Inc., 4.20%, 04/17/28<sup>(g)</sup> |  | 620 | &nbsp;&nbsp; 621181 |
| Kraft Heinz Foods Co. |  |  |  |
| &nbsp;&nbsp;&nbsp; 4.25%, 03/01/31 |  | 68 | &nbsp;&nbsp; 66965 |
| &nbsp;&nbsp;&nbsp; 5.00%, 07/15/35 |  | 214 | &nbsp;&nbsp; 212339 |
| &nbsp;&nbsp;&nbsp; 7.13%, 08/01/39<sup>(b)(g)</sup> |  | 4415 | &nbsp;&nbsp; 5036467 |
| &nbsp;&nbsp;&nbsp; 4.63%, 10/01/39 |  | 100 | &nbsp;&nbsp; 91173 |
| &nbsp;&nbsp;&nbsp; 5.00%, 06/04/42 |  | 12 | &nbsp;&nbsp; 11078 |
| &nbsp;&nbsp;&nbsp; 4.38%, 06/01/46 |  | 158 | &nbsp;&nbsp; 131486 |
| &nbsp;&nbsp;&nbsp; 5.50%, 06/01/50 |  | 2825 | &nbsp;&nbsp; 2668324 |
| Lamb Weston Holdings, Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 4.88%, 05/15/28 |  | 460 | &nbsp;&nbsp; 458332 |
| &nbsp;&nbsp;&nbsp; 4.13%, 01/31/30<sup>(g)</sup> |  | 515 | &nbsp;&nbsp; 494515 |
| &nbsp;&nbsp;&nbsp; 4.38%, 01/31/32 |  | 643 | &nbsp;&nbsp; 607713 |
| Post Holdings, Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 4.63%, 04/15/30<sup>(g)</sup> |  | 434 | &nbsp;&nbsp; 418381 |
| &nbsp;&nbsp;&nbsp; 4.50%, 09/15/31 |  | 72 | &nbsp;&nbsp; 67266 |
| &nbsp;&nbsp;&nbsp; 6.25%, 02/15/32 |  | 158 | &nbsp;&nbsp; 162436 |
| &nbsp;&nbsp;&nbsp; 6.38%, 03/01/33 |  | 490 | &nbsp;&nbsp; 494562 |
| &nbsp;&nbsp;&nbsp; 6.25%, 10/15/34 |  | 269 | &nbsp;&nbsp; 271239 |
| &nbsp;&nbsp;&nbsp; Simmons Foods, Inc./Simmons Prepared Foods, <br> Inc./Simmons Pet Food, Inc./Simmons Feed, 4.63%, <br> 03/01/29<sup>(b)</sup><br>|  | 275 | &nbsp;&nbsp; 263634 |
|  |  |  | &nbsp;&nbsp; 17629970 |
| **Ground Transportation — 1.9%** | **Ground Transportation — 1.9%** | **Ground Transportation — 1.9%** | **Ground Transportation — 1.9%** |
| &nbsp;&nbsp;&nbsp; BNSF Funding Trust I, (3-mo. SOFR US + 2.61%), <br> 6.61%, 12/15/55<sup>(a)(g)</sup><br>|  | 6125 | &nbsp;&nbsp; 6118703 |
| CSX Corp., 3.80%, 04/15/50<sup>(g)</sup> |  | 770 | &nbsp;&nbsp; 596614 |

---

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Ground Transportation (continued)** | **Ground Transportation (continued)** | **Ground Transportation (continued)** | **Ground Transportation (continued)** |
| Genesee & Wyoming, Inc., 6.25%, 04/15/32<sup>(b)</sup> | USD | 625 | &nbsp;&nbsp; $635089 |
| Norfolk Southern Corp., 6.00%, 03/15/2105<sup>(g)</sup> |  | 12700 | &nbsp;&nbsp; 12381345 |
| &nbsp;&nbsp;&nbsp; Watco Cos. LLC/Watco Finance Corp., 7.13%, <br> 08/01/32<sup>(b)</sup><br>|  | 289 | &nbsp;&nbsp; 299135 |
|  |  |  | &nbsp;&nbsp; 20030886 |
| **Health Care Equipment & Supplies — 0.6%** | **Health Care Equipment & Supplies — 0.6%** | **Health Care Equipment & Supplies — 0.6%** | **Health Care Equipment & Supplies — 0.6%** |
| Avantor Funding, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 2.63%, 11/01/25<sup>(h)</sup> | EUR | 115 | &nbsp;&nbsp; 135406 |
| &nbsp;&nbsp;&nbsp; 4.63%, 07/15/28<sup>(b)(g)</sup> | USD | 2191 | &nbsp;&nbsp; 2155194 |
| &nbsp;&nbsp;&nbsp; 3.88%, 11/01/29<sup>(b)</sup> |  | 395 | &nbsp;&nbsp; 375631 |
| Bausch & Lomb Corp., 8.38%, 10/01/28<sup>(b)</sup> |  | 1975 | &nbsp;&nbsp; 2058320 |
| Insulet Corp., 6.50%, 04/01/33<sup>(b)</sup> |  | 314 | &nbsp;&nbsp; 326445 |
| Medtronic, Inc., 4.63%, 03/15/45<sup>(g)</sup> |  | 647 | &nbsp;&nbsp; 594405 |
| Neogen Food Safety Corp., 8.63%, 07/20/30<sup>(b)</sup> |  | 288 | &nbsp;&nbsp; 301167 |
|  |  |  | &nbsp;&nbsp; 5946568 |
| **Health Care Providers & Services — 4.2%** | **Health Care Providers & Services — 4.2%** | **Health Care Providers & Services — 4.2%** | **Health Care Providers & Services — 4.2%** |
| Acadia Healthcare Co., Inc., 7.38%, 03/15/33<sup>(b)(g)</sup> |  | 117 | &nbsp;&nbsp; 121468 |
| Aetna, Inc., 3.88%, 08/15/47<sup>(g)</sup> |  | 3500 | &nbsp;&nbsp; 2630194 |
| AHP Health Partners, Inc., 5.75%, 07/15/29<sup>(b)</sup> |  | 609 | &nbsp;&nbsp; 599345 |
| &nbsp;&nbsp;&nbsp; Charles River Laboratories International, Inc., 4.00%, <br> 03/15/31<sup>(b)</sup><br>|  | 68 | &nbsp;&nbsp; 63333 |
| CHS/Community Health Systems, Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 6.00%, 01/15/29<sup>(g)</sup> |  | 1211 | &nbsp;&nbsp; 1175445 |
| &nbsp;&nbsp;&nbsp; 5.25%, 05/15/30<sup>(g)</sup> |  | 852 | &nbsp;&nbsp; 770757 |
| &nbsp;&nbsp;&nbsp; 4.75%, 02/15/31 |  | 447 | &nbsp;&nbsp; 386542 |
| &nbsp;&nbsp;&nbsp; 10.88%, 01/15/32 |  | 695 | &nbsp;&nbsp; 736072 |
| &nbsp;&nbsp;&nbsp; 9.75%, 01/15/34 |  | 1148 | &nbsp;&nbsp; 1176126 |
| Concentra Health Services, Inc., 6.88%, 07/15/32<sup>(b)</sup> |  | 433 | &nbsp;&nbsp; 449619 |
| DaVita, Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 6.88%, 09/01/32 |  | 249 | &nbsp;&nbsp; 257226 |
| &nbsp;&nbsp;&nbsp; 6.75%, 07/15/33 |  | 219 | &nbsp;&nbsp; 225832 |
| Elevance Health, Inc., 4.55%, 03/01/48<sup>(g)</sup> |  | 5000 | &nbsp;&nbsp; 4274321 |
| Fortrea Holdings, Inc., 7.50%, 07/01/30<sup>(b)(g)</sup> |  | 104 | &nbsp;&nbsp; 98482 |
| HAH Group Holding Co. LLC, 9.75%, 10/01/31<sup>(b)</sup> |  | 186 | &nbsp;&nbsp; 176715 |
| HCA, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.38%, 09/01/26 |  | 359 | &nbsp;&nbsp; 360545 |
| &nbsp;&nbsp;&nbsp; 5.63%, 09/01/28<sup>(g)</sup> |  | 833 | &nbsp;&nbsp; 859516 |
| &nbsp;&nbsp;&nbsp; 5.25%, 06/15/49<sup>(g)</sup> |  | 3500 | &nbsp;&nbsp; 3205962 |
| HealthEquity, Inc., 4.50%, 10/01/29<sup>(b)</sup> |  | 1134 | &nbsp;&nbsp; 1099555 |
| IQVIA, Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 10/15/26 |  | 354 | &nbsp;&nbsp; 353568 |
| &nbsp;&nbsp;&nbsp; 5.00%, 05/15/27 |  | 200 | &nbsp;&nbsp; 199443 |
| &nbsp;&nbsp;&nbsp; 6.25%, 06/01/32 |  | 1163 | &nbsp;&nbsp; 1195728 |
| LifePoint Health, Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 9.88%, 08/15/30<sup>(g)</sup> |  | 184 | &nbsp;&nbsp; 199261 |
| &nbsp;&nbsp;&nbsp; 11.00%, 10/15/30<sup>(g)</sup> |  | 741 | &nbsp;&nbsp; 816698 |
| &nbsp;&nbsp;&nbsp; 8.38%, 02/15/32 |  | 92 | &nbsp;&nbsp; 98045 |
| &nbsp;&nbsp;&nbsp; 10.00%, 06/01/32<sup>(g)</sup> |  | 446 | &nbsp;&nbsp; 468282 |
| Medline Borrower LP<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 3.88%, 04/01/29 |  | 362 | &nbsp;&nbsp; 349129 |
| &nbsp;&nbsp;&nbsp; 5.25%, 10/01/29 |  | 3037 | &nbsp;&nbsp; 3010740 |
| &nbsp;&nbsp;&nbsp; Medline Borrower LP/Medline Co-Issuer, Inc., 6.25%, <br> 04/01/29<sup>(b)</sup><br>|  | 915 | &nbsp;&nbsp; 938245 |
| Molina Healthcare, Inc., 6.25%, 01/15/33<sup>(b)</sup> |  | 268 | &nbsp;&nbsp; 270977 |
| Prime Healthcare Services, Inc., 9.38%, 09/01/29<sup>(b)</sup> |  | 150 | &nbsp;&nbsp; 156000 |
| Sotera Health Holdings LLC, 7.38%, 06/01/31<sup>(b)</sup> |  | 279 | &nbsp;&nbsp; 292955 |
| Star Parent, Inc., 9.00%, 10/01/30<sup>(b)</sup> |  | 559 | &nbsp;&nbsp; 590971 |
| Surgery Center Holdings, Inc., 7.25%, 04/15/32<sup>(b)(g)</sup> |  | 956 | &nbsp;&nbsp; 982047 |
| Teleflex, Inc., 4.25%, 06/01/28<sup>(b)(g)</sup> |  | 637 | &nbsp;&nbsp; 621831 |
| Tenet Healthcare Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp; 6.13%, 06/15/30 |  | 243 | &nbsp;&nbsp; 246100 |

---

Schedule of Investments

------

Schedule of Investments (unaudited)(continued)

September 30, 2025

**BlackRock Credit Allocation Income Trust (BTZ)** 

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

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Health Care Providers & Services (continued)** | **Health Care Providers & Services (continued)** | **Health Care Providers & Services (continued)** | **Health Care Providers & Services (continued)** |
| Tenet Healthcare Corp. (continued) |  |  |  |
| &nbsp;&nbsp;&nbsp; 6.75%, 05/15/31<sup>(g)</sup> | USD | 3342 | &nbsp;&nbsp; $3459902 |
| U.S. Acute Care Solutions LLC, 9.75%, 05/15/29<sup>(b)(g)</sup> |  | 360 | &nbsp;&nbsp; 368634 |
| UnitedHealth Group, Inc., 6.88%, 02/15/38<sup>(g)</sup> |  | 10000 | &nbsp;&nbsp; 11588478 |
|  |  |  | &nbsp;&nbsp; 44874089 |
| **Health Care REITs**<sup>(b)</sup> **— 0.1%** | **Health Care REITs**<sup>(b)</sup> **— 0.1%** | **Health Care REITs**<sup>(b)</sup> **— 0.1%** | **Health Care REITs**<sup>(b)</sup> **— 0.1%** |
| Diversified Healthcare Trust, 7.25%, 10/15/30 |  | 173 | &nbsp;&nbsp; 175825 |
| &nbsp;&nbsp;&nbsp; MPT Operating Partnership LP/MPT Finance Corp., <br> 8.50%, 02/15/32<br>|  | 1071 | &nbsp;&nbsp; 1138004 |
|  |  |  | &nbsp;&nbsp; 1313829 |
| **Hotel & Resort REITs — 0.6%** | **Hotel & Resort REITs — 0.6%** | **Hotel & Resort REITs — 0.6%** | **Hotel & Resort REITs — 0.6%** |
| &nbsp;&nbsp;&nbsp; Park Intermediate Holdings LLC/PK Domestic Property <br> LLC/PK Finance Co-Issuer, 7.00%, 02/01/30<sup>(b)</sup><br>|  | 315 | &nbsp;&nbsp; 324732 |
| &nbsp;&nbsp;&nbsp; Pebblebrook Hotel LP/PEB Finance Corp., 6.38%, <br> 10/15/29<sup>(b)</sup><br>|  | 159 | &nbsp;&nbsp; 161370 |
| RHP Hotel Properties LP/RHP Finance Corp.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 4.50%, 02/15/29<sup>(g)</sup> |  | 1704 | &nbsp;&nbsp; 1671152 |
| &nbsp;&nbsp;&nbsp; 6.50%, 04/01/32<sup>(g)</sup> |  | 1044 | &nbsp;&nbsp; 1073326 |
| &nbsp;&nbsp;&nbsp; 6.50%, 06/15/33 |  | 352 | &nbsp;&nbsp; 362521 |
| RLJ Lodging Trust LP, 4.00%, 09/15/29<sup>(b)</sup> |  | 199 | &nbsp;&nbsp; 187919 |
| Service Properties Trust |  |  |  |
| &nbsp;&nbsp;&nbsp; 0.00%, 09/30/27<sup>(b)(k)</sup> |  | 340 | &nbsp;&nbsp; 299720 |
| &nbsp;&nbsp;&nbsp; 8.63%, 11/15/31<sup>(b)</sup> |  | 1619 | &nbsp;&nbsp; 1723740 |
| &nbsp;&nbsp;&nbsp; 8.88%, 06/15/32<sup>(g)</sup> |  | 625 | &nbsp;&nbsp; 628512 |
| XHR LP, 6.63%, 05/15/30<sup>(b)</sup> |  | 154 | &nbsp;&nbsp; 158231 |
|  |  |  | &nbsp;&nbsp; 6591223 |
| **Hotels, Restaurants & Leisure — 3.7%** | **Hotels, Restaurants & Leisure — 3.7%** | **Hotels, Restaurants & Leisure — 3.7%** | **Hotels, Restaurants & Leisure — 3.7%** |
| Boyne USA, Inc., 4.75%, 05/15/29<sup>(b)</sup> |  | 611 | &nbsp;&nbsp; 599448 |
| &nbsp;&nbsp;&nbsp; Burger King (Restaurant Brands International Inc.)/New <br> Red Finance, Inc., 5.63%, 09/15/29<sup>(b)</sup><br>|  | 166 | &nbsp;&nbsp; 167996 |
| &nbsp;&nbsp;&nbsp; Burger King (Restaurant Brands International, Inc.)/New <br> Red Finance, Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 3.88%, 01/15/28 |  | 1128 | &nbsp;&nbsp; 1100983 |
| &nbsp;&nbsp;&nbsp; 4.38%, 01/15/28 |  | 2509 | &nbsp;&nbsp; 2465295 |
| &nbsp;&nbsp;&nbsp; 4.00%, 10/15/30 |  | 176 | &nbsp;&nbsp; 165867 |
| Caesars Entertainment, Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 4.63%, 10/15/29<sup>(g)</sup> |  | 110 | &nbsp;&nbsp; 105186 |
| &nbsp;&nbsp;&nbsp; 7.00%, 02/15/30<sup>(g)</sup> |  | 2677 | &nbsp;&nbsp; 2753582 |
| &nbsp;&nbsp;&nbsp; 6.50%, 02/15/32 |  | 812 | &nbsp;&nbsp; 828230 |
| Carnival Corp.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 5.88%, 06/15/31 |  | 350 | &nbsp;&nbsp; 358660 |
| &nbsp;&nbsp;&nbsp; 5.75%, 08/01/32 |  | 602 | &nbsp;&nbsp; 612642 |
| &nbsp;&nbsp;&nbsp; 6.13%, 02/15/33 |  | 933 | &nbsp;&nbsp; 956359 |
| Carnival PLC, 4.13%, 07/15/31<sup>(b)</sup> | EUR | 510 | &nbsp;&nbsp; 606139 |
| Champion Path Holdings Ltd.<sup>(h)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 4.50%, 01/27/26 | USD | 500 | &nbsp;&nbsp; 497290 |
| &nbsp;&nbsp;&nbsp; 4.85%, 01/27/28 |  | 500 | &nbsp;&nbsp; 491110 |
| Churchill Downs, Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 4.75%, 01/15/28 |  | 730 | &nbsp;&nbsp; 720269 |
| &nbsp;&nbsp;&nbsp; 5.75%, 04/01/30 |  | 1506 | &nbsp;&nbsp; 1504642 |
| &nbsp;&nbsp;&nbsp; 6.75%, 05/01/31 |  | 560 | &nbsp;&nbsp; 573919 |
| &nbsp;&nbsp;&nbsp; Fertitta Entertainment LLC/Fertitta Entertainment <br> Finance Co., Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 4.63%, 01/15/29 |  | 821 | &nbsp;&nbsp; 781377 |
| &nbsp;&nbsp;&nbsp; 6.75%, 01/15/30<sup>(g)</sup> |  | 228 | &nbsp;&nbsp; 213963 |
| Fortune Star BVI Ltd.<sup>(h)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 3.95%, 10/02/26 | EUR | 200 | &nbsp;&nbsp; 232340 |
| &nbsp;&nbsp;&nbsp; 6.80%, 09/09/29 | USD | 200 | &nbsp;&nbsp; 200200 |
| &nbsp;&nbsp;&nbsp; Great Canadian Gaming Corp./Raptor LLC, 8.75%, <br> 11/15/29<sup>(b)</sup><br>|  | 512 | &nbsp;&nbsp; 506284 |

---

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Hotels, Restaurants & Leisure (continued)** | **Hotels, Restaurants & Leisure (continued)** | **Hotels, Restaurants & Leisure (continued)** | **Hotels, Restaurants & Leisure (continued)** |
| Haidilao International Holding Ltd., 2.15%, 01/14/26<sup>(h)</sup> | USD | 200 | &nbsp;&nbsp; $198504 |
| Hilton Domestic Operating Co., Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 6.13%, 04/01/32 |  | 324 | &nbsp;&nbsp; 333082 |
| &nbsp;&nbsp;&nbsp; 5.88%, 03/15/33 |  | 882 | &nbsp;&nbsp; 900342 |
| &nbsp;&nbsp;&nbsp; 5.75%, 09/15/33 |  | 195 | &nbsp;&nbsp; 197603 |
| Las Vegas Sands Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp; 3.50%, 08/18/26 |  | 96 | &nbsp;&nbsp; 95202 |
| &nbsp;&nbsp;&nbsp; 3.90%, 08/08/29 |  | 88 | &nbsp;&nbsp; 85126 |
| Light & Wonder International, Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 7.25%, 11/15/29 |  | 218 | &nbsp;&nbsp; 223749 |
| &nbsp;&nbsp;&nbsp; 7.50%, 09/01/31 |  | 309 | &nbsp;&nbsp; 321347 |
| &nbsp;&nbsp;&nbsp; 6.25%, 10/01/33 |  | 314 | &nbsp;&nbsp; 314534 |
| Lindblad Expeditions LLC, 7.00%, 09/15/30<sup>(b)</sup> |  | 417 | &nbsp;&nbsp; 425044 |
| MajorDrive Holdings IV LLC, 6.38%, 06/01/29<sup>(b)</sup> |  | 390 | &nbsp;&nbsp; 319595 |
| McDonald's Corp., 4.20%, 04/01/50<sup>(g)</sup> |  | 480 | &nbsp;&nbsp; 394634 |
| Melco Resorts Finance Ltd. |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.75%, 07/21/28<sup>(h)</sup> |  | 300 | &nbsp;&nbsp; 299850 |
| &nbsp;&nbsp;&nbsp; 5.38%, 12/04/29<sup>(b)</sup> |  | 586 | &nbsp;&nbsp; 572493 |
| &nbsp;&nbsp;&nbsp; 7.63%, 04/17/32<sup>(b)</sup> |  | 576 | &nbsp;&nbsp; 603360 |
| &nbsp;&nbsp;&nbsp; 7.63%, 04/17/32<sup>(h)</sup> |  | 200 | &nbsp;&nbsp; 209500 |
| &nbsp;&nbsp;&nbsp; Merlin Entertainments Group U.S. Holdings, Inc., 7.38%, <br> 02/15/31<sup>(b)</sup><br>|  | 600 | &nbsp;&nbsp; 517021 |
| MGM China Holdings Ltd. |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.88%, 05/15/26<sup>(h)</sup> |  | 200 | &nbsp;&nbsp; 199876 |
| &nbsp;&nbsp;&nbsp; 7.13%, 06/26/31<sup>(b)</sup> |  | 200 | &nbsp;&nbsp; 211000 |
| MGM Resorts International, 6.13%, 09/15/29 |  | 591 | &nbsp;&nbsp; 601518 |
| &nbsp;&nbsp;&nbsp; Midwest Gaming Borrower LLC/Midwest Gaming <br> Finance Corp., 4.88%, 05/01/29<sup>(b)</sup><br>|  | 313 | &nbsp;&nbsp; 304267 |
| &nbsp;&nbsp;&nbsp; Mohegan Tribal Gaming Authority/MS Digital <br> Entertainment Holdings LLC, 8.25%, 04/15/30<sup>(b)</sup><br>|  | 333 | &nbsp;&nbsp; 346000 |
| NCL Corp. Ltd.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 5.88%, 01/15/31 |  | 563 | &nbsp;&nbsp; 562979 |
| &nbsp;&nbsp;&nbsp; 6.75%, 02/01/32 |  | 444 | &nbsp;&nbsp; 456624 |
| &nbsp;&nbsp;&nbsp; 6.25%, 09/15/33 |  | 900 | &nbsp;&nbsp; 904658 |
| &nbsp;&nbsp;&nbsp; Premier Entertainment Sub LLC/Premier Entertainment <br> Finance Corp.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 5.63%, 09/01/29 |  | 242 | &nbsp;&nbsp; 130680 |
| &nbsp;&nbsp;&nbsp; 5.88%, 09/01/31 |  | 310 | &nbsp;&nbsp; 159825 |
| Raising Cane's Restaurants LLC, 9.38%, 05/01/29<sup>(b)</sup> |  | 195 | &nbsp;&nbsp; 204700 |
| &nbsp;&nbsp;&nbsp; Rivers Enterprise Borrower LLC/Rivers Enterprise <br> Finance Corp., 6.63%, 02/01/33<sup>(b)</sup><br>|  | 221 | &nbsp;&nbsp; 223947 |
| &nbsp;&nbsp;&nbsp; Rivers Enterprise Lender LLC/Rivers Enterprise Lender <br> Corp., 10/15/30<sup>(b)(c)</sup><br>|  | 181 | &nbsp;&nbsp; 182614 |
| Sabre GLBL, Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 8.63%, 06/01/27 |  | 144 | &nbsp;&nbsp; 146062 |
| &nbsp;&nbsp;&nbsp; 10.75%, 11/15/29<sup>(g)</sup> |  | 589 | &nbsp;&nbsp; 569209 |
| &nbsp;&nbsp;&nbsp; 11.13%, 07/15/30 |  | 503 | &nbsp;&nbsp; 487130 |
| Starz Capital Holdings 1, Inc., 6.00%, 04/15/30<sup>(b)</sup> |  | 388 | &nbsp;&nbsp; 367956 |
| Station Casinos LLC<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 4.63%, 12/01/31 |  | 976 | &nbsp;&nbsp; 920675 |
| &nbsp;&nbsp;&nbsp; 6.63%, 03/15/32 |  | 204 | &nbsp;&nbsp; 209558 |
| Studio City Co. Ltd., 7.00%, 02/15/27<sup>(h)</sup> |  | 200 | &nbsp;&nbsp; 201312 |
| Studio City Finance Ltd.<sup>(h)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 6.50%, 01/15/28 |  | 300 | &nbsp;&nbsp; 299700 |
| &nbsp;&nbsp;&nbsp; 5.00%, 01/15/29 |  | 530 | &nbsp;&nbsp; 510920 |
| Sunny Express Enterprises Corp., 2.95%, 03/01/27<sup>(h)</sup> |  | 200 | &nbsp;&nbsp; 196806 |
| Vail Resorts, Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 5.63%, 07/15/30 |  | 265 | &nbsp;&nbsp; 266656 |
| &nbsp;&nbsp;&nbsp; 6.50%, 05/15/32 |  | 518 | &nbsp;&nbsp; 535586 |
| Viking Cruises Ltd.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 5.88%, 09/15/27 |  | 350 | &nbsp;&nbsp; 350134 |
| &nbsp;&nbsp;&nbsp; 7.00%, 02/15/29 |  | 74 | &nbsp;&nbsp; 74374 |

---

------

Schedule of Investments (unaudited)(continued)

September 30, 2025

**BlackRock Credit Allocation Income Trust (BTZ)** 

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

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Hotels, Restaurants & Leisure (continued)** | **Hotels, Restaurants & Leisure (continued)** | **Hotels, Restaurants & Leisure (continued)** | **Hotels, Restaurants & Leisure (continued)** |
| Viking Cruises Ltd.<sup>(b)</sup> (continued) |  |  |  |
| &nbsp;&nbsp;&nbsp; 9.13%, 07/15/31 | USD | 1253 | &nbsp;&nbsp; $1344870 |
| &nbsp;&nbsp;&nbsp; 10/15/33<sup>(c)</sup> |  | 780 | &nbsp;&nbsp; 780547 |
| Viking Ocean Cruises Ship VII Ltd., 5.63%, 02/15/29<sup>(b)</sup> |  | 283 | &nbsp;&nbsp; 282757 |
| Voyager Parent LLC, 9.25%, 07/01/32<sup>(b)</sup> |  | 396 | &nbsp;&nbsp; 418766 |
| Warnermedia Holdings, Inc., 5.05%, 03/15/42 |  | 74 | &nbsp;&nbsp; 59076 |
| &nbsp;&nbsp;&nbsp; Wynn Las Vegas LLC/Wynn Las Vegas Capital Corp., <br> 5.25%, 05/15/27<sup>(b)</sup><br>|  | 3 | &nbsp;&nbsp; 2997 |
| Wynn Macau Ltd. |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.63%, 08/26/28<sup>(b)</sup> |  | 1701 | &nbsp;&nbsp; 1697615 |
| &nbsp;&nbsp;&nbsp; 5.13%, 12/15/29<sup>(b)</sup> |  | 614 | &nbsp;&nbsp; 600584 |
| &nbsp;&nbsp;&nbsp; 6.75%, 02/15/34<sup>(h)</sup> |  | 350 | &nbsp;&nbsp; 354795 |
| &nbsp;&nbsp;&nbsp; Wynn Resorts Finance LLC/Wynn Resorts Capital <br> Corp.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 5.13%, 10/01/29 |  | 1236 | &nbsp;&nbsp; 1237906 |
| &nbsp;&nbsp;&nbsp; 7.13%, 02/15/31<sup>(g)</sup> |  | 663 | &nbsp;&nbsp; 713617 |
| &nbsp;&nbsp;&nbsp; 6.25%, 03/15/33 |  | 248 | &nbsp;&nbsp; 251839 |
|  |  |  | &nbsp;&nbsp; 39822902 |
| **Household Durables — 0.7%** | **Household Durables — 0.7%** | **Household Durables — 0.7%** | **Household Durables — 0.7%** |
| &nbsp;&nbsp;&nbsp; Ashton Woods USA LLC/Ashton Woods Finance Co., <br> 6.88%, 08/01/33<sup>(b)</sup><br>|  | 178 | &nbsp;&nbsp; 179527 |
| Beazer Homes USA, Inc., 5.88%, 10/15/27 |  | 72 | &nbsp;&nbsp; 71955 |
| &nbsp;&nbsp;&nbsp; Brookfield Residential Properties, Inc./Brookfield <br> Residential U.S. LLC, 4.88%, 02/15/30<sup>(b)</sup><br>|  | 699 | &nbsp;&nbsp; 655550 |
| Century Communities, Inc., 6.63%, 09/15/33<sup>(b)</sup> |  | 222 | &nbsp;&nbsp; 223945 |
| Dream Finders Homes, Inc., 8.25%, 08/15/28<sup>(b)</sup> |  | 168 | &nbsp;&nbsp; 174292 |
| Empire Communities Corp., 9.75%, 05/01/29<sup>(b)</sup> |  | 73 | &nbsp;&nbsp; 76542 |
| K Hovnanian Enterprises, Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 8.00%, 04/01/31 |  | 383 | &nbsp;&nbsp; 392741 |
| &nbsp;&nbsp;&nbsp; 8.38%, 10/01/33 |  | 418 | &nbsp;&nbsp; 428555 |
| Lennar Corp., 5.25%, 06/01/26<sup>(g)</sup> |  | 890 | &nbsp;&nbsp; 890888 |
| LGI Homes, Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 8.75%, 12/15/28 |  | 183 | &nbsp;&nbsp; 192117 |
| &nbsp;&nbsp;&nbsp; 7.00%, 11/15/32 |  | 334 | &nbsp;&nbsp; 326126 |
| Mattamy Group Corp., 4.63%, 03/01/30<sup>(b)</sup> |  | 427 | &nbsp;&nbsp; 412120 |
| Meritage Homes Corp., 1.75%, 05/15/28<sup>(l)</sup> |  | 545 | &nbsp;&nbsp; 557787 |
| New Home Co., Inc., 9.25%, 10/01/29<sup>(b)</sup> |  | 324 | &nbsp;&nbsp; 340211 |
| Newell Brands, Inc., 8.50%, 06/01/28<sup>(b)</sup> |  | 260 | &nbsp;&nbsp; 275011 |
| PulteGroup, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 01/15/27 |  | 55 | &nbsp;&nbsp; 55480 |
| &nbsp;&nbsp;&nbsp; 7.88%, 06/15/32 |  | 56 | &nbsp;&nbsp; 65948 |
| Scotts Miracle-Gro Co. |  |  |  |
| &nbsp;&nbsp;&nbsp; 4.50%, 10/15/29 |  | 45 | &nbsp;&nbsp; 43720 |
| &nbsp;&nbsp;&nbsp; 4.00%, 04/01/31 |  | 250 | &nbsp;&nbsp; 230710 |
| &nbsp;&nbsp;&nbsp; 4.38%, 02/01/32 |  | 187 | &nbsp;&nbsp; 172660 |
| Sekisui House Ltd., 5.10%, 10/23/34<sup>(h)</sup> |  | 200 | &nbsp;&nbsp; 202069 |
| Somnigroup International, Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 4.00%, 04/15/29 |  | 563 | &nbsp;&nbsp; 540338 |
| &nbsp;&nbsp;&nbsp; 3.88%, 10/15/31 |  | 9 | &nbsp;&nbsp; 8243 |
| STL Holding Co. LLC, 8.75%, 02/15/29<sup>(b)</sup> |  | 171 | &nbsp;&nbsp; 179194 |
| Toll Brothers Finance Corp., 4.35%, 02/15/28 |  | 35 | &nbsp;&nbsp; 35103 |
| Whirlpool Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp; 6.13%, 06/15/30 |  | 73 | &nbsp;&nbsp; 73572 |
| &nbsp;&nbsp;&nbsp; 6.50%, 06/15/33 |  | 182 | &nbsp;&nbsp; 181625 |
|  |  |  | &nbsp;&nbsp; 6986029 |
| **Household Products — 0.0%** | **Household Products — 0.0%** | **Household Products — 0.0%** | **Household Products — 0.0%** |
| Central Garden & Pet Co., 4.13%, 10/15/30<sup>(g)</sup> |  | 159 | &nbsp;&nbsp; 151027 |
| **Independent Power and Renewable Electricity Producers — 1.4%** | **Independent Power and Renewable Electricity Producers — 1.4%** | **Independent Power and Renewable Electricity Producers — 1.4%** | **Independent Power and Renewable Electricity Producers — 1.4%** |
| Alexander Funding Trust II, 7.47%, 07/31/28<sup>(b)</sup> |  | 520 | &nbsp;&nbsp; 556019 |
| Calpine Corp.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 4.50%, 02/15/28 |  | 10 | &nbsp;&nbsp; 9958 |

---

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Independent Power and Renewable Electricity Producers (continued)** | **Independent Power and Renewable Electricity Producers (continued)** | **Independent Power and Renewable Electricity Producers (continued)** | **Independent Power and Renewable Electricity Producers (continued)** |
| Calpine Corp.<sup>(b)</sup> (continued) |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.13%, 03/15/28 | USD | 2807 | &nbsp;&nbsp; $2808432 |
| &nbsp;&nbsp;&nbsp; 5.00%, 02/01/31 |  | 100 | &nbsp;&nbsp; 99708 |
| Clearway Energy Operating LLC<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 4.75%, 03/15/28 |  | 592 | &nbsp;&nbsp; 584857 |
| &nbsp;&nbsp;&nbsp; 3.75%, 01/15/32 |  | 255 | &nbsp;&nbsp; 228898 |
| Greenko Dutch BV, 3.85%, 03/29/26<sup>(h)</sup> |  | 697 | &nbsp;&nbsp; 690397 |
| India Green Power Holdings, 4.00%, 02/22/27<sup>(h)</sup> |  | 607 | &nbsp;&nbsp; 592971 |
| JERA Co., Inc., 3.67%, 04/14/27<sup>(h)</sup> |  | 200 | &nbsp;&nbsp; 198101 |
| Lightning Power LLC, 7.25%, 08/15/32<sup>(b)</sup> |  | 13 | &nbsp;&nbsp; 13763 |
| NRG Energy, Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 5.75%, 07/15/29 |  | 555 | &nbsp;&nbsp; 555664 |
| &nbsp;&nbsp;&nbsp; 6.00%, 02/01/33 |  | 1028 | &nbsp;&nbsp; 1044007 |
| &nbsp;&nbsp;&nbsp; 01/15/34<sup>(c)</sup> |  | 778 | &nbsp;&nbsp; 777206 |
| &nbsp;&nbsp;&nbsp; 6.25%, 11/01/34 |  | 1193 | &nbsp;&nbsp; 1222934 |
| &nbsp;&nbsp;&nbsp; 01/15/36<sup>(c)</sup> |  | 2075 | &nbsp;&nbsp; 2075298 |
| ReNew Pvt Ltd., 5.88%, 03/05/27<sup>(h)</sup> |  | 200 | &nbsp;&nbsp; 199722 |
| &nbsp;&nbsp;&nbsp; ReNew Wind Energy AP2/ReNew Power Pvt Ltd. other <br> 9 Subsidiaries, 4.50%, 07/14/28<sup>(h)</sup><br>|  | 550 | &nbsp;&nbsp; 530062 |
| San Miguel Global Power Holdings Corp.<sup>(a)(h)(j)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; (1-year CMT + 6.40%), 8.13% |  | 200 | &nbsp;&nbsp; 201250 |
| &nbsp;&nbsp;&nbsp; (5-year CMT + 7.73%), 8.75% |  | 200 | &nbsp;&nbsp; 205000 |
| Vistra Corp., (5-year CMT + 6.93%), 8.00%<sup>(a)(b)(j)</sup> |  | 247 | &nbsp;&nbsp; 252646 |
| XPLR Infrastructure LP<sup>(b)(l)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 0.00%, 11/15/25<sup>(k)</sup> |  | 816 | &nbsp;&nbsp; 809880 |
| &nbsp;&nbsp;&nbsp; 2.50%, 06/15/26 |  | 840 | &nbsp;&nbsp; 819000 |
|  |  |  | &nbsp;&nbsp; 14475773 |
| **Industrial Conglomerates**<sup>(b)</sup> **— 0.0%** | **Industrial Conglomerates**<sup>(b)</sup> **— 0.0%** | **Industrial Conglomerates**<sup>(b)</sup> **— 0.0%** | **Industrial Conglomerates**<sup>(b)</sup> **— 0.0%** |
| Amsted Industries, Inc., 6.38%, 03/15/33 |  | 165 | &nbsp;&nbsp; 169353 |
| Axon Enterprise, Inc., 6.25%, 03/15/33 |  | 94 | &nbsp;&nbsp; 96754 |
| Enpro, Inc., 6.13%, 06/01/33 |  | 208 | &nbsp;&nbsp; 212585 |
|  |  |  | &nbsp;&nbsp; 478692 |
| **Insurance — 6.5%** | **Insurance — 6.5%** | **Insurance — 6.5%** | **Insurance — 6.5%** |
| Acrisure LLC/Acrisure Finance, Inc., 6.75%, 07/01/32<sup>(b)</sup> |  | 155 | &nbsp;&nbsp; 159601 |
| AIA Group Ltd., (5-year CMT + 1.76%), 2.70%<sup>(a)(h)(j)</sup> |  | 200 | &nbsp;&nbsp; 197750 |
| &nbsp;&nbsp;&nbsp; Alliant Holdings Intermediate LLC/Alliant Holdings Co-<br> Issuer<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 4.25%, 10/15/27 |  | 26 | &nbsp;&nbsp; 25568 |
| &nbsp;&nbsp;&nbsp; 6.75%, 10/15/27<sup>(g)</sup> |  | 1576 | &nbsp;&nbsp; 1579395 |
| &nbsp;&nbsp;&nbsp; 6.75%, 04/15/28 |  | 356 | &nbsp;&nbsp; 362310 |
| &nbsp;&nbsp;&nbsp; 5.88%, 11/01/29 |  | 2 | &nbsp;&nbsp; 1990 |
| &nbsp;&nbsp;&nbsp; 7.00%, 01/15/31 |  | 1283 | &nbsp;&nbsp; 1325632 |
| &nbsp;&nbsp;&nbsp; 7.38%, 10/01/32 |  | 1221 | &nbsp;&nbsp; 1258158 |
| &nbsp;&nbsp;&nbsp; Allstate Corp., Series B, (3-mo. CME Term SOFR + <br> 3.20%), 7.41%, 08/15/53<sup>(a)</sup><br>|  | 5000 | &nbsp;&nbsp; 5007960 |
| AmWINS Group, Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 6.38%, 02/15/29 |  | 330 | &nbsp;&nbsp; 336710 |
| &nbsp;&nbsp;&nbsp; 4.88%, 06/30/29 |  | 380 | &nbsp;&nbsp; 369318 |
| &nbsp;&nbsp;&nbsp; Amynta Agency Borrower, Inc. and Amynta Warranty <br> Borrower, Inc., 7.50%, 07/15/33<sup>(b)</sup><br>|  | 439 | &nbsp;&nbsp; 449381 |
| Aon Global Ltd., 4.25%, 12/12/42<sup>(g)</sup> |  | 6500 | &nbsp;&nbsp; 5494102 |
| &nbsp;&nbsp;&nbsp; APH Somerset Investor 2 LLC/APH2 Somerset Investor <br> 2 LLC/APH3 Somerset Investor 2 LLC, 7.88%, <br> 11/01/29<sup>(b)</sup><br>|  | 333 | &nbsp;&nbsp; 347525 |
| Ardonagh Finco Ltd., 7.75%, 02/15/31<sup>(b)</sup> |  | 2052 | &nbsp;&nbsp; 2147190 |
| Ardonagh Group Finance Ltd., 8.88%, 02/15/32<sup>(b)</sup> |  | 1767 | &nbsp;&nbsp; 1857637 |
| &nbsp;&nbsp;&nbsp; Farmers Exchange Capital II, (3-mo. CME Term SOFR + <br> 4.01%), 6.15%, 11/01/53<sup>(a)(b)(g)</sup><br>|  | 4890 | &nbsp;&nbsp; 4791846 |
| Fubon Life Singapore Pte. Ltd., 5.45%, 12/10/35<sup>(h)</sup> |  | 400 | &nbsp;&nbsp; 407500 |
| FWD Group Holdings Ltd., 7.64%, 07/02/31<sup>(h)</sup> |  | 400 | &nbsp;&nbsp; 445588 |

---

Schedule of Investments

------

Schedule of Investments (unaudited)(continued)

September 30, 2025

**BlackRock Credit Allocation Income Trust (BTZ)** 

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

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Insurance (continued)** | **Insurance (continued)** | **Insurance (continued)** | **Insurance (continued)** |
| &nbsp;&nbsp;&nbsp; Guoren Property & Casualty Insurance Co. Ltd., 3.35%, <br> 06/01/26<sup>(h)</sup><br>| USD | 200 | &nbsp;&nbsp; $196860 |
| &nbsp;&nbsp;&nbsp; Howden U.K. Refinance PLC/Howden U.K. Refinance <br> 2 PLC/Howden U.S. Refinance LLC<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 7.25%, 02/15/31 |  | 2166 | &nbsp;&nbsp; 2230051 |
| &nbsp;&nbsp;&nbsp; 8.13%, 02/15/32 |  | 1360 | &nbsp;&nbsp; 1410997 |
| HUB International Ltd.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 7.25%, 06/15/30 |  | 4769 | &nbsp;&nbsp; 4973615 |
| &nbsp;&nbsp;&nbsp; 7.38%, 01/31/32 |  | 5400 | &nbsp;&nbsp; 5623231 |
| Jones Deslauriers Insurance Management, Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 8.50%, 03/15/30 |  | 816 | &nbsp;&nbsp; 857298 |
| &nbsp;&nbsp;&nbsp; 6.88%, 10/01/33 |  | 456 | &nbsp;&nbsp; 453610 |
| Meiji Yasuda Life Insurance Co.<sup>(a)(h)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; (5-year CMT + 2.91%), 6.10%, 06/11/55 |  | 600 | &nbsp;&nbsp; 624278 |
| &nbsp;&nbsp;&nbsp; (5-year CMT + 3.03%), 5.80%, 09/11/54 |  | 350 | &nbsp;&nbsp; 357321 |
| Nanshan Life Pte. Ltd.<sup>(h)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 5.45%, 09/11/34 |  | 200 | &nbsp;&nbsp; 198320 |
| &nbsp;&nbsp;&nbsp; (5-year CMT + 1.85%), 5.88%, 03/17/41<sup>(a)</sup> |  | 200 | &nbsp;&nbsp; 202966 |
| Nassau Cos., of New York, 7.88%, 07/15/30<sup>(b)</sup> |  | 125 | &nbsp;&nbsp; 127664 |
| &nbsp;&nbsp;&nbsp; Nippon Life Insurance Co., (5-year CMT + 3.19%), <br> 6.50%, 04/30/55<sup>(a)(b)(g)</sup><br>|  | 7195 | &nbsp;&nbsp; 7747123 |
| &nbsp;&nbsp;&nbsp; Northwestern Mutual Life Insurance Co., 6.06%, <br> 03/30/40<sup>(b)(g)</sup><br>|  | 12000 | &nbsp;&nbsp; 12713616 |
| Panther Escrow Issuer LLC, 7.13%, 06/01/31<sup>(b)</sup> |  | 3541 | &nbsp;&nbsp; 3683058 |
| RLGH Finance Bermuda Ltd., 6.75%, 07/02/35<sup>(h)</sup> |  | 275 | &nbsp;&nbsp; 293393 |
| Ryan Specialty LLC<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 4.38%, 02/01/30 |  | 226 | &nbsp;&nbsp; 218968 |
| &nbsp;&nbsp;&nbsp; 5.88%, 08/01/32 |  | 373 | &nbsp;&nbsp; 377172 |
| &nbsp;&nbsp;&nbsp; Tongyang Life Insurance Co. Ltd., (5-year CMT + <br> 2.40%), 6.25%, 05/07/35<sup>(a)(h)</sup><br>|  | 400 | &nbsp;&nbsp; 417182 |
| USI, Inc., 7.50%, 01/15/32<sup>(b)</sup> |  | 670 | &nbsp;&nbsp; 702614 |
|  |  |  | &nbsp;&nbsp; 69974498 |
| **Interactive Media & Services — 0.6%** | **Interactive Media & Services — 0.6%** | **Interactive Media & Services — 0.6%** | **Interactive Media & Services — 0.6%** |
| Baidu, Inc., 1.63%, 02/23/27 |  | 200 | &nbsp;&nbsp; 193654 |
| Netflix, Inc.<sup>(g)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 5.88%, 11/15/28 |  | 1698 | &nbsp;&nbsp; 1790529 |
| &nbsp;&nbsp;&nbsp; 5.38%, 11/15/29<sup>(b)</sup> |  | 2007 | &nbsp;&nbsp; 2100154 |
| &nbsp;&nbsp;&nbsp; 4.88%, 06/15/30<sup>(b)</sup> |  | 461 | &nbsp;&nbsp; 473837 |
| Prosus NV, 4.34%, 07/15/35<sup>(h)</sup> | EUR | 150 | &nbsp;&nbsp; 176988 |
| Snap, Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 6.88%, 03/01/33<sup>(g)</sup> | USD | 503 | &nbsp;&nbsp; 514115 |
| &nbsp;&nbsp;&nbsp; 6.88%, 03/15/34 |  | 348 | &nbsp;&nbsp; 352222 |
| Tencent Holdings Ltd.<sup>(h)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 3.60%, 01/19/28 |  | 200 | &nbsp;&nbsp; 198566 |
| &nbsp;&nbsp;&nbsp; 3.68%, 04/22/41<sup>(g)</sup> |  | 200 | &nbsp;&nbsp; 171388 |
|  |  |  | &nbsp;&nbsp; 5971453 |
| **Internet Software & Services — 0.8%** | **Internet Software & Services — 0.8%** | **Internet Software & Services — 0.8%** | **Internet Software & Services — 0.8%** |
| Acuris Finance U.S., Inc./Acuris Finance SARL<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 05/01/28 |  | 724 | &nbsp;&nbsp; 703638 |
| &nbsp;&nbsp;&nbsp; 9.00%, 08/01/29 |  | 200 | &nbsp;&nbsp; 209000 |
| Alibaba Group Holding Ltd., 2.70%, 02/09/41 |  | 200 | &nbsp;&nbsp; 149240 |
| ANGI Group LLC, 3.88%, 08/15/28<sup>(b)</sup> |  | 432 | &nbsp;&nbsp; 406015 |
| Booking Holdings, Inc., 3.55%, 03/15/28<sup>(g)</sup> |  | 3375 | &nbsp;&nbsp; 3339054 |
| Cablevision Lightpath LLC<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 3.88%, 09/15/27 |  | 368 | &nbsp;&nbsp; 357270 |
| &nbsp;&nbsp;&nbsp; 5.63%, 09/15/28 |  | 540 | &nbsp;&nbsp; 531184 |
| Getty Images, Inc., 11.25%, 02/21/30<sup>(b)</sup> |  | 57 | &nbsp;&nbsp; 54431 |
| ION Trading Technologies SARL, 9.50%, 05/30/29<sup>(b)</sup> |  | 400 | &nbsp;&nbsp; 422470 |
| Match Group Holdings II LLC<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 4.13%, 08/01/30 |  | 383 | &nbsp;&nbsp; 361741 |
| &nbsp;&nbsp;&nbsp; 3.63%, 10/01/31<sup>(g)</sup> |  | 279 | &nbsp;&nbsp; 252864 |

---

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Internet Software & Services (continued)** | **Internet Software & Services (continued)** | **Internet Software & Services (continued)** | **Internet Software & Services (continued)** |
| Match Group Holdings II LLC<sup>(b)</sup> (continued) |  |  |  |
| &nbsp;&nbsp;&nbsp; 6.13%, 09/15/33 | USD | 444 | &nbsp;&nbsp; $447900 |
| Rakuten Group, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 9.75%, 04/15/29<sup>(b)</sup> |  | 522 | &nbsp;&nbsp; 586971 |
| &nbsp;&nbsp;&nbsp; 9.75%, 04/15/29<sup>(h)</sup> |  | 200 | &nbsp;&nbsp; 224893 |
|  |  |  | &nbsp;&nbsp; 8046671 |
| **IT Services — 0.6%** | **IT Services — 0.6%** | **IT Services — 0.6%** | **IT Services — 0.6%** |
| Amentum Holdings, Inc., 7.25%, 08/01/32<sup>(b)</sup> |  | 364 | &nbsp;&nbsp; 377965 |
| CA Magnum Holdings |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.38%, 10/31/26<sup>(b)</sup> |  | 964 | &nbsp;&nbsp; 959301 |
| &nbsp;&nbsp;&nbsp; 5.38%, 10/31/26<sup>(h)</sup> |  | 700 | &nbsp;&nbsp; 696588 |
| CACI International, Inc., 6.38%, 06/15/33<sup>(b)</sup> |  | 440 | &nbsp;&nbsp; 453882 |
| Fair Isaac Corp.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 4.00%, 06/15/28 |  | 393 | &nbsp;&nbsp; 382210 |
| &nbsp;&nbsp;&nbsp; 6.00%, 05/15/33 |  | 1569 | &nbsp;&nbsp; 1588523 |
| Fortress Intermediate 3, Inc., 7.50%, 06/01/31<sup>(b)</sup> |  | 739 | &nbsp;&nbsp; 773763 |
| Insight Enterprises, Inc., 6.63%, 05/15/32<sup>(b)</sup> |  | 196 | &nbsp;&nbsp; 200959 |
| KBR, Inc., 4.75%, 09/30/28<sup>(b)</sup> |  | 93 | &nbsp;&nbsp; 91974 |
| McAfee Corp., 7.38%, 02/15/30<sup>(b)(g)</sup> |  | 421 | &nbsp;&nbsp; 390516 |
| &nbsp;&nbsp;&nbsp; Science Applications International Corp., 5.88%, <br> 11/01/33<sup>(b)</sup><br>|  | 303 | &nbsp;&nbsp; 303094 |
| Wipro IT Services LLC, 1.50%, 06/23/26<sup>(h)</sup> |  | 200 | &nbsp;&nbsp; 195878 |
|  |  |  | &nbsp;&nbsp; 6414653 |
| **Leisure Products — 0.0%** | **Leisure Products — 0.0%** | **Leisure Products — 0.0%** | **Leisure Products — 0.0%** |
| Mattel, Inc., 3.75%, 04/01/29<sup>(b)</sup> |  | 122 | &nbsp;&nbsp; 118429 |
| **Machinery — 0.7%** | **Machinery — 0.7%** | **Machinery — 0.7%** | **Machinery — 0.7%** |
| BWX Technologies, Inc., 4.13%, 06/30/28<sup>(b)</sup> |  | 70 | &nbsp;&nbsp; 68328 |
| Chart Industries, Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 7.50%, 01/01/30<sup>(g)</sup> |  | 849 | &nbsp;&nbsp; 883584 |
| &nbsp;&nbsp;&nbsp; 9.50%, 01/01/31 |  | 93 | &nbsp;&nbsp; 99636 |
| Esab Corp., 6.25%, 04/15/29<sup>(b)</sup> |  | 405 | &nbsp;&nbsp; 416058 |
| GrafTech Global Enterprises, Inc., 9.88%, 12/23/29<sup>(b)(g)</sup> |  | 200 | &nbsp;&nbsp; 170500 |
| &nbsp;&nbsp;&nbsp; Husky Injection Molding Systems Ltd./Titan Co-Borrower <br> LLC, 9.00%, 02/15/29<sup>(b)(g)</sup><br>|  | 736 | &nbsp;&nbsp; 769260 |
| Manitowoc Co., Inc., 9.25%, 10/01/31<sup>(b)</sup> |  | 177 | &nbsp;&nbsp; 185711 |
| Regal Rexnord Corp., 6.40%, 04/15/33<sup>(g)</sup> |  | 510 | &nbsp;&nbsp; 547509 |
| Terex Corp.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 05/15/29 |  | 399 | &nbsp;&nbsp; 392937 |
| &nbsp;&nbsp;&nbsp; 6.25%, 10/15/32 |  | 467 | &nbsp;&nbsp; 475731 |
| TK Elevator U.S. Newco, Inc., 5.25%, 07/15/27<sup>(b)</sup> |  | 3002 | &nbsp;&nbsp; 2991386 |
| Vertiv Group Corp., 4.13%, 11/15/28<sup>(b)</sup> |  | 1040 | &nbsp;&nbsp; 1015539 |
|  |  |  | &nbsp;&nbsp; 8016179 |
| **Media — 5.8%** | **Media — 5.8%** | **Media — 5.8%** | **Media — 5.8%** |
| Cable One, Inc.<sup>(l)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 0.00%, 03/15/26<sup>(k)</sup> |  | 136 | &nbsp;&nbsp; 132465 |
| &nbsp;&nbsp;&nbsp; 1.13%, 03/15/28 |  | 79 | &nbsp;&nbsp; 67427 |
| CCO Holdings LLC/CCO Holdings Capital Corp.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 5.38%, 06/01/29 |  | 131 | &nbsp;&nbsp; 130126 |
| &nbsp;&nbsp;&nbsp; 6.38%, 09/01/29<sup>(g)</sup> |  | 7991 | &nbsp;&nbsp; 8100764 |
| &nbsp;&nbsp;&nbsp; 4.75%, 03/01/30 |  | 160 | &nbsp;&nbsp; 153531 |
| &nbsp;&nbsp;&nbsp; 4.50%, 08/15/30 |  | 113 | &nbsp;&nbsp; 106719 |
| &nbsp;&nbsp;&nbsp; 4.25%, 02/01/31 |  | 1041 | &nbsp;&nbsp; 959002 |
| &nbsp;&nbsp;&nbsp; 7.38%, 03/01/31 |  | 2701 | &nbsp;&nbsp; 2786851 |
| &nbsp;&nbsp;&nbsp; 4.75%, 02/01/32 |  | 40 | &nbsp;&nbsp; 36990 |
| &nbsp;&nbsp;&nbsp; 4.25%, 01/15/34<sup>(g)</sup> |  | 1252 | &nbsp;&nbsp; 1082433 |
| &nbsp;&nbsp;&nbsp; Charter Communications Operating LLC/Charter <br> Communications Operating Capital<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 6.38%, 10/23/35 |  | 479 | &nbsp;&nbsp; 501815 |
| &nbsp;&nbsp;&nbsp; 6.48%, 10/23/45<sup>(g)</sup> |  | 9584 | &nbsp;&nbsp; 9468108 |
| &nbsp;&nbsp;&nbsp; 5.38%, 05/01/47 |  | 1500 | &nbsp;&nbsp; 1296500 |
| &nbsp;&nbsp;&nbsp; 6.83%, 10/23/55 |  | 3540 | &nbsp;&nbsp; 3608697 |

---

------

Schedule of Investments (unaudited)(continued)

September 30, 2025

**BlackRock Credit Allocation Income Trust (BTZ)** 

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

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Media (continued)** | **Media (continued)** | **Media (continued)** | **Media (continued)** |
| Cinemark USA, Inc., 7.00%, 08/01/32<sup>(b)</sup> | USD | 109 | &nbsp;&nbsp; $113289 |
| Cox Communications, Inc., 8.38%, 03/01/39<sup>(b)(g)</sup> |  | 5000 | &nbsp;&nbsp; 6008998 |
| CSC Holdings LLC<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 5.50%, 04/15/27 |  | 402 | &nbsp;&nbsp; 381550 |
| &nbsp;&nbsp;&nbsp; 5.38%, 02/01/28 |  | 877 | &nbsp;&nbsp; 768852 |
| &nbsp;&nbsp;&nbsp; 11.25%, 05/15/28 |  | 1689 | &nbsp;&nbsp; 1563605 |
| &nbsp;&nbsp;&nbsp; 11.75%, 01/31/29 |  | 834 | &nbsp;&nbsp; 701347 |
| Directv Financing LLC, 8.88%, 02/01/30<sup>(b)</sup> |  | 625 | &nbsp;&nbsp; 617326 |
| &nbsp;&nbsp;&nbsp; Directv Financing LLC/Directv Financing Co-Obligor, <br> Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 5.88%, 08/15/27 |  | 533 | &nbsp;&nbsp; 532402 |
| &nbsp;&nbsp;&nbsp; 10.00%, 02/15/31 |  | 1042 | &nbsp;&nbsp; 1040470 |
| Discovery Communications LLC, 4.88%, 04/01/43<sup>(g)</sup> |  | 4000 | &nbsp;&nbsp; 2840000 |
| DISH DBS Corp.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 5.25%, 12/01/26 |  | 1339 | &nbsp;&nbsp; 1315694 |
| &nbsp;&nbsp;&nbsp; 5.75%, 12/01/28 |  | 907 | &nbsp;&nbsp; 869487 |
| DISH Network Corp., 11.75%, 11/15/27<sup>(b)</sup> |  | 2210 | &nbsp;&nbsp; 2338748 |
| Gray Media, Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 10.50%, 07/15/29<sup>(g)</sup> |  | 409 | &nbsp;&nbsp; 442232 |
| &nbsp;&nbsp;&nbsp; 9.63%, 07/15/32 |  | 546 | &nbsp;&nbsp; 557814 |
| &nbsp;&nbsp;&nbsp; 7.25%, 08/15/33 |  | 680 | &nbsp;&nbsp; 673848 |
| &nbsp;&nbsp;&nbsp; LCPR Senior Secured Financing DAC, 6.75%, <br> 10/15/27<sup>(b)</sup><br>|  | 593 | &nbsp;&nbsp; 355067 |
| Live Nation Entertainment, Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 4.75%, 10/15/27<sup>(g)</sup> |  | 425 | &nbsp;&nbsp; 422188 |
| &nbsp;&nbsp;&nbsp; 3.75%, 01/15/28 |  | 155 | &nbsp;&nbsp; 151227 |
| Midcontinent Communications, 8.00%, 08/15/32<sup>(b)</sup> |  | 211 | &nbsp;&nbsp; 217394 |
| Paramount Global, 5.85%, 09/01/43<sup>(g)</sup> |  | 1300 | &nbsp;&nbsp; 1187348 |
| Sinclair Television Group, Inc., 8.13%, 02/15/33<sup>(b)</sup> |  | 875 | &nbsp;&nbsp; 897986 |
| Sirius XM Radio LLC<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 3.13%, 09/01/26 |  | 53 | &nbsp;&nbsp; 52269 |
| &nbsp;&nbsp;&nbsp; 5.00%, 08/01/27 |  | 684 | &nbsp;&nbsp; 680716 |
| Sunrise FinCo I BV, 4.88%, 07/15/31<sup>(b)</sup> |  | 768 | &nbsp;&nbsp; 731635 |
| &nbsp;&nbsp;&nbsp; Telenet Finance Luxembourg Notes SARL, 5.50%, <br> 03/01/28<sup>(b)</sup><br>|  | 1000 | &nbsp;&nbsp; 994145 |
| Time Warner Cable LLC, 6.55%, 05/01/37 |  | 3519 | &nbsp;&nbsp; 3660681 |
| Univision Communications, Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 8.00%, 08/15/28 |  | 1110 | &nbsp;&nbsp; 1150204 |
| &nbsp;&nbsp;&nbsp; 8.50%, 07/31/31 |  | 521 | &nbsp;&nbsp; 538006 |
| &nbsp;&nbsp;&nbsp; 9.38%, 08/01/32 |  | 515 | &nbsp;&nbsp; 548819 |
| &nbsp;&nbsp;&nbsp; Virgin Media Vendor Financing Notes IV DAC, 5.00%, <br> 07/15/28<sup>(b)</sup><br>|  | 1452 | &nbsp;&nbsp; 1422306 |
| Ziggo BV, 4.88%, 01/15/30<sup>(b)</sup> |  | 200 | &nbsp;&nbsp; 188771 |
|  |  |  | &nbsp;&nbsp; 62395852 |
| **Metals & Mining — 2.2%** | **Metals & Mining — 2.2%** | **Metals & Mining — 2.2%** | **Metals & Mining — 2.2%** |
| ABJA Investment Co. Pte. Ltd., 5.45%, 01/24/28<sup>(h)</sup> |  | 306 | &nbsp;&nbsp; 312120 |
| Advanced Drainage Systems, Inc., 6.38%, 06/15/30<sup>(b)</sup> |  | 724 | &nbsp;&nbsp; 736823 |
| Arsenal AIC Parent LLC<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 8.00%, 10/01/30 |  | 268 | &nbsp;&nbsp; 283757 |
| &nbsp;&nbsp;&nbsp; 11.50%, 10/01/31 |  | 1244 | &nbsp;&nbsp; 1381620 |
| &nbsp;&nbsp;&nbsp; Big River Steel LLC/BRS Finance Corp., 6.63%, <br> 01/31/29<sup>(b)</sup><br>|  | 2424 | &nbsp;&nbsp; 2424948 |
| Carpenter Technology Corp., 7.63%, 03/15/30 |  | 108 | &nbsp;&nbsp; 110984 |
| Chinalco Capital Holdings Ltd., 2.13%, 06/03/26<sup>(h)</sup> |  | 200 | &nbsp;&nbsp; 196972 |
| Cleveland-Cliffs, Inc., 6.88%, 11/01/29<sup>(b)</sup> |  | 486 | &nbsp;&nbsp; 495266 |
| Constellium SE<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 3.75%, 04/15/29 |  | 1731 | &nbsp;&nbsp; 1647018 |
| &nbsp;&nbsp;&nbsp; 6.38%, 08/15/32 |  | 446 | &nbsp;&nbsp; 455901 |
| First Quantum Minerals Ltd.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 9.38%, 03/01/29 |  | 916 | &nbsp;&nbsp; 968945 |
| &nbsp;&nbsp;&nbsp; 8.00%, 03/01/33 |  | 259 | &nbsp;&nbsp; 273347 |

---

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Metals & Mining (continued)** | **Metals & Mining (continued)** | **Metals & Mining (continued)** | **Metals & Mining (continued)** |
| First Quantum Minerals Ltd.<sup>(b)</sup> (continued) |  |  |  |
| &nbsp;&nbsp;&nbsp; 7.25%, 02/15/34 | USD | 240 | &nbsp;&nbsp; $247260 |
| JSW Steel Ltd., 3.95%, 04/05/27<sup>(h)</sup> |  | 500 | &nbsp;&nbsp; 491000 |
| Kaiser Aluminum Corp.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 4.63%, 03/01/28<sup>(g)</sup> |  | 1058 | &nbsp;&nbsp; 1046152 |
| &nbsp;&nbsp;&nbsp; 4.50%, 06/01/31 |  | 1099 | &nbsp;&nbsp; 1035841 |
| New Gold, Inc., 6.88%, 04/01/32<sup>(b)</sup> |  | 409 | &nbsp;&nbsp; 428396 |
| Novelis Corp.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 4.75%, 01/30/30<sup>(g)</sup> |  | 2401 | &nbsp;&nbsp; 2313760 |
| &nbsp;&nbsp;&nbsp; 6.88%, 01/30/30 |  | 597 | &nbsp;&nbsp; 619073 |
| &nbsp;&nbsp;&nbsp; 3.88%, 08/15/31 |  | 1056 | &nbsp;&nbsp; 962743 |
| &nbsp;&nbsp;&nbsp; 6.38%, 08/15/33 |  | 869 | &nbsp;&nbsp; 877982 |
| Periama Holdings LLC, 5.95%, 04/19/26<sup>(h)</sup> |  | 200 | &nbsp;&nbsp; 200700 |
| Southern Copper Corp., 5.88%, 04/23/45<sup>(g)</sup> |  | 3870 | &nbsp;&nbsp; 4002315 |
| Steel Dynamics, Inc., 3.25%, 10/15/50<sup>(g)</sup> |  | 1145 | &nbsp;&nbsp; 793758 |
| Vallourec SACA, 7.50%, 04/15/32<sup>(b)</sup> |  | 404 | &nbsp;&nbsp; 430448 |
| Vedanta Resources Finance II PLC<sup>(h)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 10.88%, 09/17/29 |  | 300 | &nbsp;&nbsp; 314062 |
| &nbsp;&nbsp;&nbsp; 11.25%, 12/03/31 |  | 200 | &nbsp;&nbsp; 213900 |
|  |  |  | &nbsp;&nbsp; 23265091 |
| **Mortgage Real Estate Investment Trusts (REITs)**<sup>(b)</sup> **— 0.1%** | **Mortgage Real Estate Investment Trusts (REITs)**<sup>(b)</sup> **— 0.1%** | **Mortgage Real Estate Investment Trusts (REITs)**<sup>(b)</sup> **— 0.1%** | **Mortgage Real Estate Investment Trusts (REITs)**<sup>(b)</sup> **— 0.1%** |
| Arbor Realty SR, Inc., 7.88%, 07/15/30 |  | 188 | &nbsp;&nbsp; 197671 |
| Blackstone Mortgage Trust, Inc., 3.75%, 01/15/27 |  | 368 | &nbsp;&nbsp; 359264 |
| Starwood Property Trust, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 7.25%, 04/01/29 |  | 250 | &nbsp;&nbsp; 262511 |
| &nbsp;&nbsp;&nbsp; 6.00%, 04/15/30 |  | 116 | &nbsp;&nbsp; 117763 |
| &nbsp;&nbsp;&nbsp; 6.50%, 07/01/30 |  | 217 | &nbsp;&nbsp; 224452 |
| &nbsp;&nbsp;&nbsp; 6.50%, 10/15/30 |  | 314 | &nbsp;&nbsp; 324352 |
|  |  |  | &nbsp;&nbsp; 1486013 |
| **Multi-Utilities — 0.0%** | **Multi-Utilities — 0.0%** | **Multi-Utilities — 0.0%** | **Multi-Utilities — 0.0%** |
| &nbsp;&nbsp;&nbsp; AmeriGas Partners LP/AmeriGas Finance Corp., 9.50%, <br> 06/01/30<sup>(b)</sup><br>|  | 161 | &nbsp;&nbsp; 168547 |
| **Oil, Gas & Consumable Fuels — 11.2%** | **Oil, Gas & Consumable Fuels — 11.2%** | **Oil, Gas & Consumable Fuels — 11.2%** | **Oil, Gas & Consumable Fuels — 11.2%** |
| &nbsp;&nbsp;&nbsp; Aethon United BR LP/Aethon United Finance Corp., <br> 7.50%, 10/01/29<sup>(b)</sup><br>|  | 508 | &nbsp;&nbsp; 529791 |
| &nbsp;&nbsp;&nbsp; Antero Midstream Partners LP/Antero Midstream <br> Finance Corp.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 5.75%, 01/15/28 |  | 127 | &nbsp;&nbsp; 126751 |
| &nbsp;&nbsp;&nbsp; 5.38%, 06/15/29 |  | 1095 | &nbsp;&nbsp; 1090986 |
| &nbsp;&nbsp;&nbsp; 6.63%, 02/01/32 |  | 417 | &nbsp;&nbsp; 429482 |
| &nbsp;&nbsp;&nbsp; Ascent Resources Utica Holdings LLC/ARU Finance <br> Corp.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 9.00%, 11/01/27 |  | 161 | &nbsp;&nbsp; 194512 |
| &nbsp;&nbsp;&nbsp; 6.63%, 07/15/33 |  | 221 | &nbsp;&nbsp; 224682 |
| Blue Racer Midstream LLC/Blue Racer Finance Corp.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 7.00%, 07/15/29 |  | 321 | &nbsp;&nbsp; 332855 |
| &nbsp;&nbsp;&nbsp; 7.25%, 07/15/32 |  | 258 | &nbsp;&nbsp; 271329 |
| Buckeye Partners LP |  |  |  |
| &nbsp;&nbsp;&nbsp; 6.88%, 07/01/29<sup>(b)</sup> |  | 29 | &nbsp;&nbsp; 30055 |
| &nbsp;&nbsp;&nbsp; 6.75%, 02/01/30<sup>(b)</sup> |  | 116 | &nbsp;&nbsp; 120483 |
| &nbsp;&nbsp;&nbsp; 5.85%, 11/15/43 |  | 383 | &nbsp;&nbsp; 357210 |
| &nbsp;&nbsp;&nbsp; 5.60%, 10/15/44 |  | 191 | &nbsp;&nbsp; 173626 |
| Caturus Energy LLC, 8.50%, 02/15/30<sup>(b)</sup> |  | 837 | &nbsp;&nbsp; 871458 |
| Chord Energy Corp., 6.75%, 03/15/33<sup>(b)</sup> |  | 147 | &nbsp;&nbsp; 148939 |
| CITGO Petroleum Corp., 8.38%, 01/15/29<sup>(b)</sup> |  | 733 | &nbsp;&nbsp; 761728 |
| Civitas Resources, Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 8.38%, 07/01/28 |  | 187 | &nbsp;&nbsp; 193835 |
| &nbsp;&nbsp;&nbsp; 8.75%, 07/01/31 |  | 487 | &nbsp;&nbsp; 498937 |
| &nbsp;&nbsp;&nbsp; CNOOC Finance 2014 ULC, Series 2014, 4.88%, <br> 04/30/44<br>|  | 250 | &nbsp;&nbsp; 248270 |
| CNX Resources Corp., 7.25%, 03/01/32<sup>(b)</sup> |  | 152 | &nbsp;&nbsp; 157689 |

---

Schedule of Investments

------

Schedule of Investments (unaudited)(continued)

September 30, 2025

**BlackRock Credit Allocation Income Trust (BTZ)** 

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

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Oil, Gas & Consumable Fuels (continued)** | **Oil, Gas & Consumable Fuels (continued)** | **Oil, Gas & Consumable Fuels (continued)** | **Oil, Gas & Consumable Fuels (continued)** |
| Comstock Resources, Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 6.75%, 03/01/29 | USD | 649 | &nbsp;&nbsp; $647080 |
| &nbsp;&nbsp;&nbsp; 5.88%, 01/15/30 |  | 783 | &nbsp;&nbsp; 754072 |
| &nbsp;&nbsp;&nbsp; CQP Holdco LP/BIP-V Chinook Holdco LLC, 5.50%, <br> 06/15/31<sup>(b)</sup><br>|  | 2468 | &nbsp;&nbsp; 2445058 |
| Crescent Energy Finance LLC<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 7.63%, 04/01/32<sup>(g)</sup> |  | 383 | &nbsp;&nbsp; 380355 |
| &nbsp;&nbsp;&nbsp; 7.38%, 01/15/33 |  | 838 | &nbsp;&nbsp; 815931 |
| &nbsp;&nbsp;&nbsp; 8.38%, 01/15/34 |  | 492 | &nbsp;&nbsp; 498493 |
| &nbsp;&nbsp;&nbsp; Delek Logistics Partners LP/Delek Logistics Finance <br> Corp., 7.38%, 06/30/33<sup>(b)</sup><br>|  | 378 | &nbsp;&nbsp; 384387 |
| Devon Energy Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.25%, 10/15/27 |  | 130 | &nbsp;&nbsp; 130010 |
| &nbsp;&nbsp;&nbsp; 5.88%, 06/15/28 |  | 204 | &nbsp;&nbsp; 204014 |
| &nbsp;&nbsp;&nbsp; 4.50%, 01/15/30 |  | 117 | &nbsp;&nbsp; 117270 |
| &nbsp;&nbsp;&nbsp; Diamond Foreign Asset Co./Diamond Finance LLC, <br> 8.50%, 10/01/30<sup>(b)</sup><br>|  | 73 | &nbsp;&nbsp; 77357 |
| Diamondback Energy, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 3.50%, 12/01/29<sup>(g)</sup> |  | 692 | &nbsp;&nbsp; 667641 |
| &nbsp;&nbsp;&nbsp; 6.25%, 03/15/33 |  | 2880 | &nbsp;&nbsp; 3102939 |
| eG Global Finance PLC, 12.00%, 11/30/28<sup>(b)</sup> |  | 418 | &nbsp;&nbsp; 459113 |
| Enbridge, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 6.70%, 11/15/53<sup>(g)</sup> |  | 5595 | &nbsp;&nbsp; 6248229 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (3-mo. CME Term SOFR + 3.90%), 6.25%, <br> 03/01/78<sup>(a)</sup><br>|  | 5000 | &nbsp;&nbsp; 5050875 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2016-A, (3-mo. CME Term SOFR + 4.15%), <br> 6.00%, 01/15/77<sup>(a)</sup><br>|  | 5880 | &nbsp;&nbsp; 5896476 |
| Energy Transfer LP |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.50%, 06/01/27<sup>(g)</sup> |  | 406 | &nbsp;&nbsp; 413040 |
| &nbsp;&nbsp;&nbsp; 7.38%, 02/01/31<sup>(b)</sup> |  | 417 | &nbsp;&nbsp; 435549 |
| &nbsp;&nbsp;&nbsp; 6.13%, 12/15/45<sup>(g)</sup> |  | 3579 | &nbsp;&nbsp; 3603254 |
| &nbsp;&nbsp;&nbsp; Series B, (3-mo. SOFR US + 4.42%), 6.63%<sup>(a)(j)</sup> |  | 5000 | &nbsp;&nbsp; 4990420 |
| &nbsp;&nbsp;&nbsp; Series H, (5-year CMT + 5.69%), 6.50%<sup>(a)(j)</sup> |  | 121 | &nbsp;&nbsp; 121451 |
| Enterprise Products Operating LLC |  |  |  |
| &nbsp;&nbsp;&nbsp; 4.90%, 05/15/46<sup>(g)</sup> |  | 5375 | &nbsp;&nbsp; 4934884 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series E, (3-mo. CME Term SOFR + 3.29%), 5.25%, <br> 08/16/77<sup>(a)</sup><br>|  | 4800 | &nbsp;&nbsp; 4794839 |
| EQT Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp; 6.38%, 04/01/29<sup>(g)</sup> |  | 481 | &nbsp;&nbsp; 498790 |
| &nbsp;&nbsp;&nbsp; 7.50%, 06/01/30 |  | 141 | &nbsp;&nbsp; 155541 |
| &nbsp;&nbsp;&nbsp; 4.75%, 01/15/31 |  | 802 | &nbsp;&nbsp; 800365 |
| Excelerate Energy LP, 8.00%, 05/15/30<sup>(b)</sup> |  | 244 | &nbsp;&nbsp; 259730 |
| Exxon Mobil Corp., 3.45%, 04/15/51<sup>(g)</sup> |  | 3890 | &nbsp;&nbsp; 2850114 |
| Genesis Energy LP/Genesis Energy Finance Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp; 7.75%, 02/01/28 |  | 393 | &nbsp;&nbsp; 395768 |
| &nbsp;&nbsp;&nbsp; 7.88%, 05/15/32 |  | 227 | &nbsp;&nbsp; 236751 |
| &nbsp;&nbsp;&nbsp; 8.00%, 05/15/33 |  | 108 | &nbsp;&nbsp; 112962 |
| &nbsp;&nbsp;&nbsp; Global Partners LP/GLP Finance Corp., 7.13%, <br> 07/01/33<sup>(b)</sup><br>|  | 162 | &nbsp;&nbsp; 166047 |
| Gulfport Energy Operating Corp., 6.75%, 09/01/29<sup>(b)</sup> |  | 243 | &nbsp;&nbsp; 249365 |
| Harvest Midstream I LP, 7.50%, 05/15/32<sup>(b)</sup> |  | 158 | &nbsp;&nbsp; 161398 |
| Hess Midstream Operations LP<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 6.50%, 06/01/29 |  | 393 | &nbsp;&nbsp; 405315 |
| &nbsp;&nbsp;&nbsp; 4.25%, 02/15/30 |  | 144 | &nbsp;&nbsp; 139570 |
| Hilcorp Energy I LP/Hilcorp Finance Co.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 6.25%, 11/01/28 |  | 238 | &nbsp;&nbsp; 238587 |
| &nbsp;&nbsp;&nbsp; 5.75%, 02/01/29 |  | 199 | &nbsp;&nbsp; 196035 |
| &nbsp;&nbsp;&nbsp; 6.00%, 04/15/30 |  | 32 | &nbsp;&nbsp; 31448 |
| &nbsp;&nbsp;&nbsp; 6.25%, 04/15/32 |  | 20 | &nbsp;&nbsp; 19187 |
| &nbsp;&nbsp;&nbsp; 8.38%, 11/01/33 |  | 319 | &nbsp;&nbsp; 335039 |
| &nbsp;&nbsp;&nbsp; 6.88%, 05/15/34 |  | 537 | &nbsp;&nbsp; 516298 |

---

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Oil, Gas & Consumable Fuels (continued)** | **Oil, Gas & Consumable Fuels (continued)** | **Oil, Gas & Consumable Fuels (continued)** | **Oil, Gas & Consumable Fuels (continued)** |
| Hilcorp Energy I LP/Hilcorp Finance Co.<sup>(b)</sup> (continued) |  |  |  |
| &nbsp;&nbsp;&nbsp; 7.25%, 02/15/35 | USD | 191 | &nbsp;&nbsp; $186662 |
| Howard Midstream Energy Partners LLC<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 7.38%, 07/15/32 |  | 37 | &nbsp;&nbsp; 38407 |
| &nbsp;&nbsp;&nbsp; 6.63%, 01/15/34 |  | 396 | &nbsp;&nbsp; 403752 |
| ITT Holdings LLC, 6.50%, 08/01/29<sup>(b)(g)</sup> |  | 995 | &nbsp;&nbsp; 978219 |
| Kinder Morgan, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 7.80%, 08/01/31 |  | 197 | &nbsp;&nbsp; 228524 |
| &nbsp;&nbsp;&nbsp; 7.75%, 01/15/32<sup>(g)</sup> |  | 4586 | &nbsp;&nbsp; 5332550 |
| Kinetik Holdings LP<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 6.63%, 12/15/28 |  | 83 | &nbsp;&nbsp; 85193 |
| &nbsp;&nbsp;&nbsp; 5.88%, 06/15/30 |  | 18 | &nbsp;&nbsp; 18105 |
| &nbsp;&nbsp;&nbsp; Magnolia Oil & Gas Operating LLC/Magnolia Oil & Gas <br> Finance Corp., 6.88%, 12/01/32<sup>(b)</sup><br>|  | 187 | &nbsp;&nbsp; 191902 |
| Marathon Petroleum Corp., 5.13%, 12/15/26<sup>(g)</sup> |  | 937 | &nbsp;&nbsp; 945337 |
| Matador Resources Co.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 6.88%, 04/15/28 |  | 274 | &nbsp;&nbsp; 279628 |
| &nbsp;&nbsp;&nbsp; 6.50%, 04/15/32 |  | 437 | &nbsp;&nbsp; 441182 |
| Medco Laurel Tree Pte Ltd., 6.95%, 11/12/28<sup>(h)</sup> |  | 400 | &nbsp;&nbsp; 403800 |
| MPLX LP<sup>(g)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 5.20%, 03/01/47 |  | 3500 | &nbsp;&nbsp; 3145313 |
| &nbsp;&nbsp;&nbsp; 4.70%, 04/15/48 |  | 5000 | &nbsp;&nbsp; 4186513 |
| &nbsp;&nbsp;&nbsp; 5.50%, 02/15/49 |  | 2640 | &nbsp;&nbsp; 2457721 |
| &nbsp;&nbsp;&nbsp; 5.65%, 03/01/53 |  | 885 | &nbsp;&nbsp; 835327 |
| Murphy Oil Corp., 5.88%, 12/01/42 |  | 47 | &nbsp;&nbsp; 41096 |
| Nabors Industries, Inc., 7.38%, 05/15/27<sup>(b)</sup> |  | 74 | &nbsp;&nbsp; 75118 |
| &nbsp;&nbsp;&nbsp; NGL Energy Operating LLC/NGL Energy Finance <br> Corp.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 8.13%, 02/15/29<sup>(g)</sup> |  | 542 | &nbsp;&nbsp; 555722 |
| &nbsp;&nbsp;&nbsp; 8.38%, 02/15/32 |  | 1004 | &nbsp;&nbsp; 1028745 |
| NGPL PipeCo LLC, 7.77%, 12/15/37<sup>(b)</sup> |  | 1117 | &nbsp;&nbsp; 1288899 |
| Noble Finance II LLC, 8.00%, 04/15/30<sup>(b)</sup> |  | 108 | &nbsp;&nbsp; 111786 |
| Northern Oil & Gas, Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 8.13%, 03/01/28 |  | 907 | &nbsp;&nbsp; 919806 |
| &nbsp;&nbsp;&nbsp; 10/15/33<sup>(c)</sup> |  | 635 | &nbsp;&nbsp; 632487 |
| Northriver Midstream Finance LP, 6.75%, 07/15/32<sup>(b)</sup> |  | 244 | &nbsp;&nbsp; 249513 |
| NuStar Logistics LP, 6.00%, 06/01/26 |  | 163 | &nbsp;&nbsp; 163592 |
| Occidental Petroleum Corp., 6.20%, 03/15/40 |  | 568 | &nbsp;&nbsp; 577293 |
| ONEOK, Inc., 4.85%, 07/15/26 |  | 35 | &nbsp;&nbsp; 35118 |
| Parkland Corp., 6.63%, 08/15/32<sup>(b)</sup> |  | 297 | &nbsp;&nbsp; 305186 |
| &nbsp;&nbsp;&nbsp; PBF Holding Co. LLC/PBF Finance Corp., 7.88%, <br> 09/15/30<sup>(b)</sup><br>|  | 211 | &nbsp;&nbsp; 208324 |
| Permian Resources Operating LLC<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 8.00%, 04/15/27 |  | 444 | &nbsp;&nbsp; 450896 |
| &nbsp;&nbsp;&nbsp; 5.88%, 07/01/29 |  | 1002 | &nbsp;&nbsp; 1006485 |
| &nbsp;&nbsp;&nbsp; 7.00%, 01/15/32 |  | 321 | &nbsp;&nbsp; 332921 |
| &nbsp;&nbsp;&nbsp; 6.25%, 02/01/33 |  | 781 | &nbsp;&nbsp; 795570 |
| Pertamina Hulu Energi PT, 5.25%, 05/21/30<sup>(h)</sup> |  | 300 | &nbsp;&nbsp; 306127 |
| Pertamina Persero PT<sup>(h)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 1.40%, 02/09/26 |  | 250 | &nbsp;&nbsp; 247043 |
| &nbsp;&nbsp;&nbsp; 2.30%, 02/09/31 |  | 200 | &nbsp;&nbsp; 177400 |
| Petroleos Mexicanos, 6.70%, 02/16/32 |  | 695 | &nbsp;&nbsp; 688919 |
| Petronas Capital Ltd.<sup>(h)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 2.48%, 01/28/32 |  | 200 | &nbsp;&nbsp; 180017 |
| &nbsp;&nbsp;&nbsp; 4.50%, 03/18/45 |  | 200 | &nbsp;&nbsp; 179036 |
| &nbsp;&nbsp;&nbsp; Plains All American Pipeline LP, Series B, (3-mo. CME <br> Term SOFR + 4.37%), 8.58%<sup>(a)(j)</sup><br>|  | 2215 | &nbsp;&nbsp; 2218320 |
| Prairie Acquiror LP, 9.00%, 08/01/29<sup>(b)</sup> |  | 269 | &nbsp;&nbsp; 280057 |
| Reliance Industries Ltd., 3.67%, 11/30/27<sup>(h)</sup> |  | 300 | &nbsp;&nbsp; 296739 |
| Rockies Express Pipeline LLC, 6.88%, 04/15/40<sup>(b)</sup> |  | 580 | &nbsp;&nbsp; 596938 |
| Sabine Pass Liquefaction LLC, 5.88%, 06/30/26<sup>(g)</sup> |  | 493 | &nbsp;&nbsp; 494621 |

---

------

Schedule of Investments (unaudited)(continued)

September 30, 2025

**BlackRock Credit Allocation Income Trust (BTZ)** 

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

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Oil, Gas & Consumable Fuels (continued)** | **Oil, Gas & Consumable Fuels (continued)** | **Oil, Gas & Consumable Fuels (continued)** | **Oil, Gas & Consumable Fuels (continued)** |
| &nbsp;&nbsp;&nbsp; Sinopec Group Overseas Development 2018 Ltd., <br> 2.30%, 01/08/31<sup>(h)</sup><br>| USD | 500 | &nbsp;&nbsp; $463475 |
| Sunoco LP<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 5.63%, 03/15/31 |  | 159 | &nbsp;&nbsp; 157827 |
| &nbsp;&nbsp;&nbsp; 6.25%, 07/01/33 |  | 337 | &nbsp;&nbsp; 343013 |
| &nbsp;&nbsp;&nbsp; 5.88%, 03/15/34 |  | 161 | &nbsp;&nbsp; 159606 |
| Sunoco LP/Sunoco Finance Corp., 5.88%, 03/15/28 |  | 317 | &nbsp;&nbsp; 317082 |
| &nbsp;&nbsp;&nbsp; Tallgrass Energy Partners LP/Tallgrass Energy Finance <br> Corp.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 5.50%, 01/15/28 |  | 255 | &nbsp;&nbsp; 253703 |
| &nbsp;&nbsp;&nbsp; 7.38%, 02/15/29 |  | 672 | &nbsp;&nbsp; 692054 |
| &nbsp;&nbsp;&nbsp; 6.00%, 12/31/30 |  | 70 | &nbsp;&nbsp; 69127 |
| &nbsp;&nbsp;&nbsp; 6.00%, 09/01/31 |  | 182 | &nbsp;&nbsp; 178073 |
| TGNR Intermediate Holdings LLC, 5.50%, 10/15/29<sup>(b)</sup> |  | 398 | &nbsp;&nbsp; 389461 |
| TransMontaigne Partners LLC, 8.50%, 06/15/30<sup>(b)</sup> |  | 75 | &nbsp;&nbsp; 78152 |
| Transocean International Ltd.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 8.00%, 02/01/27<sup>(g)</sup> |  | 440 | &nbsp;&nbsp; 439388 |
| &nbsp;&nbsp;&nbsp; 8.25%, 05/15/29 |  | 181 | &nbsp;&nbsp; 178442 |
| &nbsp;&nbsp;&nbsp; 8.75%, 02/15/30 |  | 180 | &nbsp;&nbsp; 189391 |
| &nbsp;&nbsp;&nbsp; 8.50%, 05/15/31 |  | 203 | &nbsp;&nbsp; 198946 |
| &nbsp;&nbsp;&nbsp; 10/15/32<sup>(c)</sup> |  | 251 | &nbsp;&nbsp; 251000 |
| Transocean Titan Financing Ltd., 8.38%, 02/01/28<sup>(b)</sup> |  | 94 | &nbsp;&nbsp; 96215 |
| Valaris Ltd., 8.38%, 04/30/30<sup>(b)</sup> |  | 558 | &nbsp;&nbsp; 579117 |
| Venture Global LNG, Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 9.50%, 02/01/29 |  | 2670 | &nbsp;&nbsp; 2942407 |
| &nbsp;&nbsp;&nbsp; 8.38%, 06/01/31<sup>(g)</sup> |  | 1218 | &nbsp;&nbsp; 1278864 |
| &nbsp;&nbsp;&nbsp; 9.88%, 02/01/32 |  | 1226 | &nbsp;&nbsp; 1334775 |
| Venture Global Plaquemines LNG LLC<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 7.50%, 05/01/33 |  | 384 | &nbsp;&nbsp; 424324 |
| &nbsp;&nbsp;&nbsp; 6.50%, 01/15/34 |  | 1155 | &nbsp;&nbsp; 1215819 |
| &nbsp;&nbsp;&nbsp; 7.75%, 05/01/35 |  | 293 | &nbsp;&nbsp; 330712 |
| &nbsp;&nbsp;&nbsp; 6.75%, 01/15/36 |  | 1205 | &nbsp;&nbsp; 1279923 |
| Vital Energy, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 7.75%, 07/31/29<sup>(b)</sup> |  | 154 | &nbsp;&nbsp; 152508 |
| &nbsp;&nbsp;&nbsp; 9.75%, 10/15/30<sup>(g)</sup> |  | 322 | &nbsp;&nbsp; 336187 |
| &nbsp;&nbsp;&nbsp; 7.88%, 04/15/32<sup>(b)(g)</sup> |  | 737 | &nbsp;&nbsp; 715433 |
| Wildfire Intermediate Holdings LLC, 7.50%, 10/15/29<sup>(b)</sup> |  | 363 | &nbsp;&nbsp; 366766 |
| Williams Cos., Inc.<sup>(g)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 8.75%, 03/15/32 |  | 2478 | &nbsp;&nbsp; 3006833 |
| &nbsp;&nbsp;&nbsp; 5.10%, 09/15/45 |  | 5075 | &nbsp;&nbsp; 4698187 |
| Woodside Finance Ltd., 3.70%, 09/15/26<sup>(h)</sup> |  | 200 | &nbsp;&nbsp; 198637 |
|  |  |  | &nbsp;&nbsp; 119621021 |
| **Passenger Airlines — 0.5%** | **Passenger Airlines — 0.5%** | **Passenger Airlines — 0.5%** | **Passenger Airlines — 0.5%** |
| American Airlines, Inc., 8.50%, 05/15/29<sup>(b)(g)</sup> |  | 372 | &nbsp;&nbsp; 388053 |
| &nbsp;&nbsp;&nbsp; American Airlines, Inc./AAdvantage Loyalty IP Ltd., <br> 5.75%, 04/20/29<sup>(b)</sup><br>|  | 58 | &nbsp;&nbsp; 58222 |
| &nbsp;&nbsp;&nbsp; JetBlue Airways Corp./JetBlue Loyalty LP, 9.88%, <br> 09/20/31<sup>(b)</sup><br>|  | 381 | &nbsp;&nbsp; 386438 |
| OneSky Flight LLC, 8.88%, 12/15/29<sup>(b)</sup> |  | 264 | &nbsp;&nbsp; 277610 |
| Singapore Airlines Ltd., 3.00%, 07/20/26<sup>(h)</sup> |  | 200 | &nbsp;&nbsp; 198082 |
| &nbsp;&nbsp;&nbsp; Turkish Airlines Pass-Through Trust, Series 2015-1, <br> Class A, 4.20%, 09/15/28<sup>(b)</sup><br>|  | 641 | &nbsp;&nbsp; 625098 |
| &nbsp;&nbsp;&nbsp; United Airlines Pass-Through Trust, Series 2020-1, <br> Class A, 5.88%, 04/15/29<sup>(g)</sup><br>|  | 2504 | &nbsp;&nbsp; 2573436 |
| United Airlines, Inc., 4.63%, 04/15/29<sup>(b)(g)</sup> |  | 532 | &nbsp;&nbsp; 523854 |
|  |  |  | &nbsp;&nbsp; 5030793 |
| **Personal Care Products — 0.1%** | **Personal Care Products — 0.1%** | **Personal Care Products — 0.1%** | **Personal Care Products — 0.1%** |
| Opal Bidco SAS, 6.50%, 03/31/32<sup>(b)</sup> |  | 417 | &nbsp;&nbsp; 427319 |
| Perrigo Finance Unlimited Co., 6.13%, 09/30/32 |  | 425 | &nbsp;&nbsp; 427850 |
|  |  |  | &nbsp;&nbsp; 855169 |
| **Pharmaceuticals — 4.6%** | **Pharmaceuticals — 4.6%** | **Pharmaceuticals — 4.6%** | **Pharmaceuticals — 4.6%** |
| 1261229 B.C. Ltd., 10.00%, 04/15/32<sup>(b)</sup> |  | 4000 | &nbsp;&nbsp; 4100208 |

---

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Pharmaceuticals (continued)** | **Pharmaceuticals (continued)** | **Pharmaceuticals (continued)** | **Pharmaceuticals (continued)** |
| AbbVie, Inc.<sup>(g)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 4.75%, 03/15/45 | USD | 5485 | &nbsp;&nbsp; $5075532 |
| &nbsp;&nbsp;&nbsp; 4.70%, 05/14/45 |  | 3255 | &nbsp;&nbsp; 2985841 |
| Amneal Pharmaceuticals LLC, 6.88%, 08/01/32<sup>(b)</sup> |  | 226 | &nbsp;&nbsp; 233732 |
| Bausch Health Cos., Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 4.88%, 06/01/28 |  | 69 | &nbsp;&nbsp; 61755 |
| &nbsp;&nbsp;&nbsp; 11.00%, 09/30/28 |  | 2071 | &nbsp;&nbsp; 2153880 |
| Bayer U.S. Finance LLC, 6.88%, 11/21/53<sup>(b)(g)</sup> |  | 715 | &nbsp;&nbsp; 778423 |
| CVS Health Corp.<sup>(g)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 5.13%, 07/20/45 |  | 3879 | &nbsp;&nbsp; 3521219 |
| &nbsp;&nbsp;&nbsp; 5.05%, 03/25/48 |  | 8205 | &nbsp;&nbsp; 7300296 |
| Eli Lilly & Co., 5.65%, 10/15/65 |  | 4735 | &nbsp;&nbsp; 4889074 |
| Merck & Co., Inc., 6.50%, 12/01/33<sup>(g)</sup> |  | 6420 | &nbsp;&nbsp; 7285484 |
| Option Care Health, Inc., 4.38%, 10/31/29<sup>(b)</sup> |  | 461 | &nbsp;&nbsp; 444596 |
| &nbsp;&nbsp;&nbsp; Organon & Co./Organon Foreign Debt Co-Issuer BV, <br> 4.13%, 04/30/28<sup>(b)</sup><br>|  | 1000 | &nbsp;&nbsp; 966142 |
| PRA Health Sciences, Inc., 2.88%, 07/15/26<sup>(b)(g)</sup> |  | 707 | &nbsp;&nbsp; 697246 |
| Takeda Pharmaceutical Co. Ltd., 2.05%, 03/31/30<sup>(g)</sup> |  | 8270 | &nbsp;&nbsp; 7510575 |
| &nbsp;&nbsp;&nbsp; Teva Pharmaceutical Finance Netherlands III BV, <br> 3.15%, 10/01/26<br>|  | 679 | &nbsp;&nbsp; 665420 |
|  |  |  | &nbsp;&nbsp; 48669423 |
| **Real Estate Management & Development — 0.7%** | **Real Estate Management & Development — 0.7%** | **Real Estate Management & Development — 0.7%** | **Real Estate Management & Development — 0.7%** |
| &nbsp;&nbsp;&nbsp; Aldar Properties PJSC, (5-year CMT + 2.04%), 6.62%, <br> 04/15/55<sup>(a)(h)</sup><br>|  | 250 | &nbsp;&nbsp; 261875 |
| &nbsp;&nbsp;&nbsp; Anywhere Real Estate Group LLC/Anywhere Co-Issuer <br> Corp.<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 7.00%, 04/15/30<sup>(b)</sup> |  | 327 | &nbsp;&nbsp; 330924 |
| &nbsp;&nbsp;&nbsp; Series AI, 7.00%, 04/15/30 |  | 320 | &nbsp;&nbsp; 323841 |
| &nbsp;&nbsp;&nbsp; Anywhere Real Estate Group LLC/Realogy Co-Issuer <br> Corp., 9.75%, 04/15/30<sup>(b)</sup><br>|  | 171 | &nbsp;&nbsp; 186618 |
| AYC Finance Ltd., 3.90%<sup>(h)(j)</sup> |  | 300 | &nbsp;&nbsp; 198864 |
| &nbsp;&nbsp;&nbsp; China Overseas Finance Cayman VII Ltd., 4.75%, <br> 04/26/28<sup>(h)</sup><br>|  | 200 | &nbsp;&nbsp; 201194 |
| &nbsp;&nbsp;&nbsp; Cushman & Wakefield U.S. Borrower LLC, 8.88%, <br> 09/01/31<sup>(b)</sup><br>|  | 216 | &nbsp;&nbsp; 230541 |
| &nbsp;&nbsp;&nbsp; Fantasia Holdings Group Co. Ltd., 7.95%, <br> 07/05/22<sup>(e)(h)(m)</sup><br>|  | 1050 | &nbsp;&nbsp; 21656 |
| Five Point Operating Co. LP, 8.00%, 10/01/30<sup>(b)</sup> |  | 109 | &nbsp;&nbsp; 110610 |
| Howard Hughes Corp., 4.13%, 02/01/29<sup>(b)</sup> |  | 176 | &nbsp;&nbsp; 168834 |
| New Metro Global Ltd., 4.50%, 05/02/26<sup>(h)</sup> |  | 349 | &nbsp;&nbsp; 336569 |
| &nbsp;&nbsp;&nbsp; Northwest Florida Timber Finance LLC, 4.75%, <br> 03/04/29<sup>(b)(g)</sup><br>|  | 4485 | &nbsp;&nbsp; 4350878 |
| Sinochem Offshore Capital Co. Ltd., 1.50%, 09/23/26<sup>(h)</sup> |  | 200 | &nbsp;&nbsp; 194758 |
| Wharf REIC Finance BVI Ltd., 2.88%, 05/07/30<sup>(h)</sup> |  | 200 | &nbsp;&nbsp; 185958 |
| Yango Justice International Ltd.<sup>(e)(h)(m)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 8.25%, 11/25/23 |  | 200 | &nbsp;&nbsp; 250 |
| &nbsp;&nbsp;&nbsp; 7.50%, 04/15/24 |  | 200 | &nbsp;&nbsp; 250 |
|  |  |  | &nbsp;&nbsp; 7103620 |
| **Retail REITs — 0.0%** | **Retail REITs — 0.0%** | **Retail REITs — 0.0%** | **Retail REITs — 0.0%** |
| &nbsp;&nbsp;&nbsp; Brookfield Property REIT, Inc./BPR Cumulus LLC/BPR <br> Nimbus LLC/GGSI Sellco LLC, 4.50%, 04/01/27<sup>(b)</sup><br>|  | 505 | &nbsp;&nbsp; 495987 |
| **Semiconductors & Semiconductor Equipment — 2.2%** | **Semiconductors & Semiconductor Equipment — 2.2%** | **Semiconductors & Semiconductor Equipment — 2.2%** | **Semiconductors & Semiconductor Equipment — 2.2%** |
| Amkor Technology, Inc., 5.88%, 10/01/33<sup>(b)</sup> |  | 98 | &nbsp;&nbsp; 98998 |
| Broadcom, Inc., 5.00%, 04/15/30<sup>(g)</sup> |  | 10970 | &nbsp;&nbsp; 11304086 |
| Entegris, Inc., 4.75%, 04/15/29<sup>(b)</sup> |  | 2 | &nbsp;&nbsp; 1983 |
| Kioxia Holdings Corp., 6.63%, 07/24/33 |  | 349 | &nbsp;&nbsp; 358783 |
| Lam Research Corp., 4.88%, 03/15/49<sup>(g)</sup> |  | 875 | &nbsp;&nbsp; 817035 |
| NVIDIA Corp.<sup>(g)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 3.50%, 04/01/50 |  | 2785 | &nbsp;&nbsp; 2137209 |
| &nbsp;&nbsp;&nbsp; 3.70%, 04/01/60 |  | 1760 | &nbsp;&nbsp; 1334653 |
| NXP BV/NXP Funding LLC/NXP USA, Inc.<sup>(g)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 4.40%, 06/01/27 |  | 750 | &nbsp;&nbsp; 751740 |

---

Schedule of Investments

------

Schedule of Investments (unaudited)(continued)

September 30, 2025

**BlackRock Credit Allocation Income Trust (BTZ)** 

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

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Semiconductors & Semiconductor Equipment (continued)** | **Semiconductors & Semiconductor Equipment (continued)** | **Semiconductors & Semiconductor Equipment (continued)** | **Semiconductors & Semiconductor Equipment (continued)** |
| NXP BV/NXP Funding LLC/NXP USA, Inc.<sup>(g)</sup> (continued) |  |  |  |
| &nbsp;&nbsp;&nbsp; 3.40%, 05/01/30 | USD | 1755 | &nbsp;&nbsp; $1684800 |
| QUALCOMM, Inc.<sup>(g)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 4.30%, 05/20/47 |  | 3500 | &nbsp;&nbsp; 2998456 |
| &nbsp;&nbsp;&nbsp; 6.00%, 05/20/53 |  | 1993 | &nbsp;&nbsp; 2142364 |
| TSMC Global Ltd., 2.25%, 04/23/31<sup>(h)</sup> |  | 250 | &nbsp;&nbsp; 225799 |
|  |  |  | &nbsp;&nbsp; 23855906 |
| **Software — 2.8%** | **Software — 2.8%** | **Software — 2.8%** | **Software — 2.8%** |
| AthenaHealth Group, Inc., 6.50%, 02/15/30<sup>(b)</sup> |  | 3919 | &nbsp;&nbsp; 3886934 |
| Camelot Finance SA, 4.50%, 11/01/26<sup>(b)</sup> |  | 189 | &nbsp;&nbsp; 188352 |
| Capstone Borrower, Inc., 8.00%, 06/15/30<sup>(b)</sup> |  | 1073 | &nbsp;&nbsp; 1122134 |
| &nbsp;&nbsp;&nbsp; Central Parent LLC/CDK Global II LLC/CDK Financing <br> Co., Inc., 8.00%, 06/15/29<sup>(b)(g)</sup><br>|  | 101 | &nbsp;&nbsp; 89007 |
| &nbsp;&nbsp;&nbsp; Central Parent, Inc./CDK Global, Inc., 7.25%, <br> 06/15/29<sup>(b)</sup><br>|  | 302 | &nbsp;&nbsp; 260038 |
| Cloud Software Group, Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 6.50%, 03/31/29 |  | 2494 | &nbsp;&nbsp; 2516497 |
| &nbsp;&nbsp;&nbsp; 9.00%, 09/30/29<sup>(g)</sup> |  | 4233 | &nbsp;&nbsp; 4390495 |
| &nbsp;&nbsp;&nbsp; 8.25%, 06/30/32 |  | 2586 | &nbsp;&nbsp; 2743108 |
| CoreLogic, Inc., 4.50%, 05/01/28<sup>(b)</sup> |  | 1488 | &nbsp;&nbsp; 1442768 |
| CoreWeave, Inc., 9.25%, 06/01/30<sup>(b)</sup> |  | 370 | &nbsp;&nbsp; 382134 |
| Elastic NV, 4.13%, 07/15/29<sup>(b)</sup> |  | 718 | &nbsp;&nbsp; 689211 |
| Ellucian Holdings, Inc., 6.50%, 12/01/29<sup>(b)</sup> |  | 661 | &nbsp;&nbsp; 671522 |
| &nbsp;&nbsp;&nbsp; Helios Software Holdings, Inc./ION Corporate Solutions <br> Finance SARL<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 4.63%, 05/01/28 |  | 205 | &nbsp;&nbsp; 198266 |
| &nbsp;&nbsp;&nbsp; 8.75%, 05/01/29 |  | 219 | &nbsp;&nbsp; 226984 |
| Oracle Corp.<sup>(g)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 3.95%, 03/25/51 |  | 4425 | &nbsp;&nbsp; 3290024 |
| &nbsp;&nbsp;&nbsp; 5.55%, 02/06/53 |  | 1280 | &nbsp;&nbsp; 1211167 |
| Playtika Holding Corp., 4.25%, 03/15/29<sup>(b)</sup> |  | 114 | &nbsp;&nbsp; 104660 |
| PTC, Inc., 4.00%, 02/15/28<sup>(b)</sup> |  | 365 | &nbsp;&nbsp; 357353 |
| SS&C Technologies, Inc., 6.50%, 06/01/32<sup>(b)</sup> |  | 1008 | &nbsp;&nbsp; 1042108 |
| Twilio, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 3.63%, 03/15/29 |  | 259 | &nbsp;&nbsp; 246805 |
| &nbsp;&nbsp;&nbsp; 3.88%, 03/15/31 |  | 558 | &nbsp;&nbsp; 524672 |
| UKG, Inc., 6.88%, 02/01/31<sup>(b)</sup> |  | 3650 | &nbsp;&nbsp; 3766198 |
| &nbsp;&nbsp;&nbsp; ZoomInfo Technologies LLC/ZoomInfo Finance Corp., <br> 3.88%, 02/01/29<sup>(b)</sup><br>|  | 345 | &nbsp;&nbsp; 326997 |
|  |  |  | &nbsp;&nbsp; 29677434 |
| **Specialty Retail**<sup>(b)</sup> **— 0.1%** | **Specialty Retail**<sup>(b)</sup> **— 0.1%** | **Specialty Retail**<sup>(b)</sup> **— 0.1%** | **Specialty Retail**<sup>(b)</sup> **— 0.1%** |
| Advance Auto Parts, Inc., 7.00%, 08/01/30 |  | 217 | &nbsp;&nbsp; 223261 |
| Staples, Inc., 10.75%, 09/01/29 |  | 210 | &nbsp;&nbsp; 207642 |
| &nbsp;&nbsp;&nbsp; Suburban Propane Partners LP/Suburban Energy <br> Finance Corp., 5.00%, 06/01/31<br>|  | 237 | &nbsp;&nbsp; 225503 |
|  |  |  | &nbsp;&nbsp; 656406 |
| **Technology Hardware, Storage & Peripherals — 0.3%** | **Technology Hardware, Storage & Peripherals — 0.3%** | **Technology Hardware, Storage & Peripherals — 0.3%** | **Technology Hardware, Storage & Peripherals — 0.3%** |
| Dell International LLC/EMC Corp., 8.35%, 07/15/46<sup>(g)</sup> |  | 1005 | &nbsp;&nbsp; 1306158 |
| Seagate Data Storage Technology Pte Ltd.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 8.25%, 12/15/29 |  | 589 | &nbsp;&nbsp; 623517 |
| &nbsp;&nbsp;&nbsp; 5.88%, 07/15/30 |  | 324 | &nbsp;&nbsp; 329643 |
| &nbsp;&nbsp;&nbsp; 8.50%, 07/15/31 |  | 701 | &nbsp;&nbsp; 742119 |
|  |  |  | &nbsp;&nbsp; 3001437 |
| **Textiles, Apparel & Luxury Goods**<sup>(b)</sup> **— 0.3%** | **Textiles, Apparel & Luxury Goods**<sup>(b)</sup> **— 0.3%** | **Textiles, Apparel & Luxury Goods**<sup>(b)</sup> **— 0.3%** | **Textiles, Apparel & Luxury Goods**<sup>(b)</sup> **— 0.3%** |
| Beach Acquisition Bidco LLC |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.25%, 07/15/32 | EUR | 592 | &nbsp;&nbsp; 712472 |
| &nbsp;&nbsp;&nbsp; (10.00% PIK), 10.00%, 07/15/33<sup>(i)</sup> | USD | 1071 | &nbsp;&nbsp; 1155247 |
| Crocs, Inc., 4.13%, 08/15/31 |  | 244 | &nbsp;&nbsp; 223540 |

---

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Textiles, Apparel & Luxury Goods (continued)** | **Textiles, Apparel & Luxury Goods (continued)** | **Textiles, Apparel & Luxury Goods (continued)** | **Textiles, Apparel & Luxury Goods (continued)** |
| Hanesbrands, Inc., 9.00%, 02/15/31 | USD | 21 | &nbsp;&nbsp; $22226 |
| Levi Strauss & Co. |  |  |  |
| &nbsp;&nbsp;&nbsp; 4.00%, 08/15/30 | EUR | 155 | &nbsp;&nbsp; 184658 |
| &nbsp;&nbsp;&nbsp; 3.50%, 03/01/31 | USD | 462 | &nbsp;&nbsp; 428937 |
|  |  |  | &nbsp;&nbsp; 2727080 |
| **Tobacco**<sup>(g)</sup> **— 2.2%** | **Tobacco**<sup>(g)</sup> **— 2.2%** | **Tobacco**<sup>(g)</sup> **— 2.2%** | **Tobacco**<sup>(g)</sup> **— 2.2%** |
| Altria Group, Inc., 10.20%, 02/06/39 |  | 13392 | &nbsp;&nbsp; 19071387 |
| BAT Capital Corp., 4.54%, 08/15/47 |  | 1999 | &nbsp;&nbsp; 1676241 |
| Reynolds American, Inc., 5.85%, 08/15/45 |  | 2335 | &nbsp;&nbsp; 2313920 |
|  |  |  | &nbsp;&nbsp; 23061548 |
| **Transportation Infrastructure — 0.5%** | **Transportation Infrastructure — 0.5%** | **Transportation Infrastructure — 0.5%** | **Transportation Infrastructure — 0.5%** |
| FedEx Corp., 5.25%, 05/15/50<sup>(g)</sup> |  | 6000 | &nbsp;&nbsp; 5497427 |
| SF Holding Investment 2021 Ltd., 2.38%, 11/17/26<sup>(h)</sup> |  | 200 | &nbsp;&nbsp; 195936 |
|  |  |  | &nbsp;&nbsp; 5693363 |
| **Wireless Telecommunication Services — 1.0%** | **Wireless Telecommunication Services — 1.0%** | **Wireless Telecommunication Services — 1.0%** | **Wireless Telecommunication Services — 1.0%** |
| Altice France SA<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 5.13%, 01/15/29 |  | 1746 | &nbsp;&nbsp; 1501560 |
| &nbsp;&nbsp;&nbsp; 5.13%, 07/15/29 |  | 800 | &nbsp;&nbsp; 683200 |
| &nbsp;&nbsp;&nbsp; 5.50%, 10/15/29 |  | 200 | &nbsp;&nbsp; 172987 |
| &nbsp;&nbsp;&nbsp; Digicel International Finance Ltd./Difl U.S. LLC, 8.63%, <br> 08/01/32<sup>(b)</sup><br>|  | 1261 | &nbsp;&nbsp; 1293723 |
| Sprint LLC, 7.63%, 03/01/26<sup>(g)</sup> |  | 1096 | &nbsp;&nbsp; 1098449 |
| T-Mobile USA, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 4.75%, 02/01/28<sup>(g)</sup> |  | 1013 | &nbsp;&nbsp; 1014525 |
| &nbsp;&nbsp;&nbsp; 2.63%, 02/15/29<sup>(g)</sup> |  | 438 | &nbsp;&nbsp; 415693 |
| &nbsp;&nbsp;&nbsp; 3.38%, 04/15/29<sup>(g)</sup> |  | 676 | &nbsp;&nbsp; 656348 |
| &nbsp;&nbsp;&nbsp; 2.88%, 02/15/31 |  | 235 | &nbsp;&nbsp; 216663 |
| &nbsp;&nbsp;&nbsp; 3.50%, 04/15/31<sup>(g)</sup> |  | 990 | &nbsp;&nbsp; 941724 |
| &nbsp;&nbsp;&nbsp; 5.05%, 07/15/33<sup>(g)</sup> |  | 2000 | &nbsp;&nbsp; 2042926 |
| Vmed O2 U.K. Financing I PLC<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 4.25%, 01/31/31 |  | 400 | &nbsp;&nbsp; 370866 |
| &nbsp;&nbsp;&nbsp; 4.75%, 07/15/31 |  | 200 | &nbsp;&nbsp; 188249 |
|  |  |  | &nbsp;&nbsp; 10596913 |
| **Total Corporate Bonds — 111.1%** <br>**(Cost: $1,179,965,198)** | **Total Corporate Bonds — 111.1%** <br>**(Cost: $1,179,965,198)** | **Total Corporate Bonds — 111.1%** <br>**(Cost: $1,179,965,198)** | &nbsp;&nbsp; 1188481912 |
| **Fixed Rate Loan Interests** | **Fixed Rate Loan Interests** | **Fixed Rate Loan Interests** | **Fixed Rate Loan Interests** |
| **Distributors — 0.0%** | **Distributors — 0.0%** | **Distributors — 0.0%** | **Distributors — 0.0%** |
| &nbsp;&nbsp;&nbsp; TMK Hawk Parent Corp., 2024 PIK Term Loan, 11.00%, <br> 12/15/31<sup>(d)</sup><br>|  | 3 | &nbsp;&nbsp; — |
| **IT Services — 0.0%** | **IT Services — 0.0%** | **IT Services — 0.0%** | **IT Services — 0.0%** |
| &nbsp;&nbsp;&nbsp; Clover Holdings 2 LLC, Fixed Term Loan B, 7.75%, <br> 12/09/31<br>|  | 256 | &nbsp;&nbsp; 257801 |
| X Corp., 2025 Fixed Term Loan, 9.50%, 10/26/29 |  | 23 | &nbsp;&nbsp; 23054 |
|  |  |  | &nbsp;&nbsp; 280855 |
| **Software — 0.0%** | **Software — 0.0%** | **Software — 0.0%** | **Software — 0.0%** |
| Cotiviti, Inc., 2024 Fixed Term Loan B, 7.63%, 05/01/31 |  | 145 | &nbsp;&nbsp; 145407 |
| **Total Fixed Rate Loan Interests — 0.0%** <br>**(Cost: $426,353)** | **Total Fixed Rate Loan Interests — 0.0%** <br>**(Cost: $426,353)** | **Total Fixed Rate Loan Interests — 0.0%** <br>**(Cost: $426,353)** | &nbsp;&nbsp; 426262 |

---

------

Schedule of Investments (unaudited)(continued)

September 30, 2025

**BlackRock Credit Allocation Income Trust (BTZ)** 

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

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Floating Rate Loan Interests**<sup>(a)</sup> | **Floating Rate Loan Interests**<sup>(a)</sup> | **Floating Rate Loan Interests**<sup>(a)</sup> | **Floating Rate Loan Interests**<sup>(a)</sup> |
| **Advertising Agencies — 0.0%** | **Advertising Agencies — 0.0%** | **Advertising Agencies — 0.0%** | **Advertising Agencies — 0.0%** |
| &nbsp;&nbsp;&nbsp; Clear Channel Outdoor Holdings, Inc., 2024 Term Loan, <br> (1-mo. CME Term SOFR at 0.00% Floor + 4.11%), <br> 8.28%, 08/23/28<br>| USD | 84 | &nbsp;&nbsp; $83579 |
| &nbsp;&nbsp;&nbsp; Outfront Media Capital LLC, 2025 Term Loan B, <br> 09/24/32<sup>(n)</sup><br>|  | 98 | &nbsp;&nbsp; 97939 |
| &nbsp;&nbsp;&nbsp; Planet U.S. Buyer LLC, 2024 Term Loan B, (3-mo. CME <br> Term SOFR + 3.00%), 7.20%, 02/07/31<br>|  | 62 | &nbsp;&nbsp; 62759 |
| &nbsp;&nbsp;&nbsp; Summer BC Holdco B SARL, 2024 USD Term Loan B, <br> (3-mo. CME Term SOFR at 0.00% Floor + 5.26%), <br> 9.26%, 02/15/29<br>|  | 37 | &nbsp;&nbsp; 36139 |
|  |  |  | &nbsp;&nbsp; 280416 |
| **Aerospace & Defense — 0.2%** | **Aerospace & Defense — 0.2%** | **Aerospace & Defense — 0.2%** | **Aerospace & Defense — 0.2%** |
| &nbsp;&nbsp;&nbsp; Bleriot U.S. Bidco, Inc., 2023 Term Loan B, (3-mo. CME <br> Term SOFR at 0.00% Floor + 2.50%), 6.50%, <br> 10/31/30<br>|  | 140 | &nbsp;&nbsp; 139619 |
| &nbsp;&nbsp;&nbsp; Cobham Ultra SeniorCo SARL, USD Term Loan B, (6-<br> mo. CME Term SOFR + 4.18%), 8.37%, 08/03/29<br>|  | 158 | &nbsp;&nbsp; 157872 |
| Dynasty Acquisition Co., Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 1st Lien Term Loan B1, (1-mo. CME Term <br> SOFR at 0.00% Floor + 2.00%), 6.16%, 10/31/31<br>|  | 324 | &nbsp;&nbsp; 323800 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 1st Lien Term Loan B2, (1-mo. CME Term <br> SOFR at 0.00% Floor + 2.00%), 6.16%, 10/31/31<br>|  | 123 | &nbsp;&nbsp; 123514 |
| &nbsp;&nbsp;&nbsp; Goat Holdco LLC, 2025 Term Loan B, (1-mo. CME Term <br> SOFR at 0.00% Floor + 2.75%), 6.91%, 01/27/32<br>|  | 72 | &nbsp;&nbsp; 71679 |
| Kaman Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 Delayed Draw Term Loan, (3-mo. CME Term <br> SOFR at 0.50% Floor + 2.50%), 6.83%, 02/26/32<br>|  | 1 | &nbsp;&nbsp; 773 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B, (3-mo. CME Term SOFR at <br> 0.50% Floor + 2.75%), 6.90%, 02/26/32<br>|  | 88 | &nbsp;&nbsp; 87500 |
| &nbsp;&nbsp;&nbsp; Propulsion BC Finco SARL, 2025 Term Loan B, (3-mo. <br> CME Term SOFR at 0.50% Floor + 2.75%), 7.04%, <br> 09/14/29<br>|  | 29 | &nbsp;&nbsp; 28649 |
| TransDigm, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 Term Loan J, (3-mo. CME Term SOFR at 0.00% <br> Floor + 2.50%), 6.50%, 02/28/31<br>|  | 683 | &nbsp;&nbsp; 682838 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan L, (3-mo. CME Term SOFR at 0.00% <br> Floor + 2.50%), 6.50%, 01/19/32<br>|  | 252 | &nbsp;&nbsp; 252276 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan K, (3-mo. CME Term SOFR at <br> 0.00% Floor + 2.25%), 6.25%, 03/22/30<br>|  | 40 | &nbsp;&nbsp; 40431 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan M, (1-mo. CME Term SOFR at <br> 0.00% Floor + 2.50%), 6.66%, 08/19/32<br>|  | 417 | &nbsp;&nbsp; 416466 |
|  |  |  | &nbsp;&nbsp; 2325417 |
| **Air Freight & Logistics — 0.0%** | **Air Freight & Logistics — 0.0%** | **Air Freight & Logistics — 0.0%** | **Air Freight & Logistics — 0.0%** |
| &nbsp;&nbsp;&nbsp; Rand Parent LLC, 2025 Term Loan B, (3-mo. CME Term <br> SOFR at 0.00% Floor + 3.00%), 7.00%, 03/18/30<br>|  | 171 | &nbsp;&nbsp; 170487 |
| &nbsp;&nbsp;&nbsp; Stonepeak Nile Parent LLC, 2025 Term Loan B, <br> 04/09/32<sup>(n)</sup><br>|  | 68 | &nbsp;&nbsp; 67915 |
|  |  |  | &nbsp;&nbsp; 238402 |
| **Automobile Components — 0.1%** | **Automobile Components — 0.1%** | **Automobile Components — 0.1%** | **Automobile Components — 0.1%** |
| Clarios Global LP |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 USD Term Loan B, (1-mo. CME Term SOFR + <br> 2.50%), 6.66%, 05/06/30<br>|  | 463 | &nbsp;&nbsp; 462323 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 USD Term Loan B, (1-mo. CME Term SOFR at <br> 0.00% Floor + 2.75%), 6.91%, 01/28/32<br>|  | 223 | &nbsp;&nbsp; 222931 |

---

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Automobile Components (continued)** | **Automobile Components (continued)** | **Automobile Components (continued)** | **Automobile Components (continued)** |
| &nbsp;&nbsp;&nbsp; Garrett LX I SARL, 2025 USD Term Loan B, (3-mo. <br> CME Term SOFR at 0.50% Floor + 2.00%), 6.31%, <br> 01/30/32<br>| USD | 14 | &nbsp;&nbsp; $13895 |
| &nbsp;&nbsp;&nbsp; RealTruck Group, Inc., 2023 Incremental Term Loan, <br> (1-mo. CME Term SOFR + 5.11%), 9.28%, 01/31/28<br>|  | 58 | &nbsp;&nbsp; 54382 |
| &nbsp;&nbsp;&nbsp; Tenneco, Inc., 2022 Term Loan B, (3-mo. CME Term <br> SOFR + 5.10%), 9.30%, 11/17/28<br>|  | 201 | &nbsp;&nbsp; 196416 |
|  |  |  | &nbsp;&nbsp; 949947 |
| **Beverages — 0.1%** | **Beverages — 0.1%** | **Beverages — 0.1%** | **Beverages — 0.1%** |
| Naked Juice LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 FLFO Term Loan, (3-mo. CME Term SOFR at <br> 1.00% Floor + 5.50%), 9.50%, 01/24/29<br>|  | 252 | &nbsp;&nbsp; 253390 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 FLSO Term Loan, (3-mo. CME Term SOFR at <br> 0.50% Floor + 3.35%), 7.35%, 01/24/29<br>|  | 116 | &nbsp;&nbsp; 87136 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 FLTO Term Loan, (3-mo. CME Term SOFR at <br> 0.50% Floor + 6.10%), 10.10%, 01/24/30<br>|  | 84 | &nbsp;&nbsp; 34149 |
| &nbsp;&nbsp;&nbsp; Primo Brands Corp., 2025 Term Loan B, (3-mo. CME <br> Term SOFR at 0.50% Floor + 2.25%), 6.25%, <br> 03/31/28<br>|  | 120 | &nbsp;&nbsp; 119457 |
| &nbsp;&nbsp;&nbsp; Sazerac Co., Inc., Term Loan B, (1-mo. CME Term <br> SOFR at 0.00% Floor + 2.50%), 6.70%, 07/09/32<br>|  | 151 | &nbsp;&nbsp; 151840 |
|  |  |  | &nbsp;&nbsp; 645972 |
| **Building Products — 0.3%** | **Building Products — 0.3%** | **Building Products — 0.3%** | **Building Products — 0.3%** |
| &nbsp;&nbsp;&nbsp; Chariot Buyer LLC, 2025 Term Loan B, (1-mo. CME <br> Term SOFR at 0.00% Floor + 3.00%), 7.16%, <br> 09/08/32<br>|  | 483 | &nbsp;&nbsp; 483184 |
| &nbsp;&nbsp;&nbsp; CP Atlas Buyer, Inc., 2025 Term Loan, (1-mo. CME Term <br> SOFR at 0.00% Floor + 5.25%), 9.41%, 07/08/30<br>|  | 143 | &nbsp;&nbsp; 139782 |
| &nbsp;&nbsp;&nbsp; CP Iris Holdco I, Inc., 2021 Term Loan, (1-mo. CME <br> Term SOFR + 3.50%), 7.66%, 10/02/28<br>|  | 175 | &nbsp;&nbsp; 175006 |
| EMRLD Borrower LP |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan B, (6-mo. CME Term SOFR at <br> 0.00% Floor + 2.25%), 6.12%, 08/04/31<br>|  | 234 | &nbsp;&nbsp; 233126 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Term Loan B, (3-mo. CME Term SOFR at 0.00% <br> Floor + 2.25%), 6.45%, 05/31/30<br>|  | 410 | &nbsp;&nbsp; 409028 |
| &nbsp;&nbsp;&nbsp; Foundation Building Materials, Inc., 2024 Term Loan B2, <br> (3-mo. CME Term SOFR at 0.00% Floor + 4.00%), <br> 8.31%, 01/29/31<br>|  | 322 | &nbsp;&nbsp; 322555 |
| &nbsp;&nbsp;&nbsp; Gulfside Supply, Inc., Term Loan B, (3-mo. CME Term <br> SOFR at 0.00% Floor + 3.00%), 7.00%, 06/17/31<br>|  | 66 | &nbsp;&nbsp; 65753 |
| &nbsp;&nbsp;&nbsp; New AMI I LLC, 2022 Term Loan B, (1-mo. CME Term <br> SOFR at 0.50% Floor + 6.00%), 10.16%, 03/08/29<br>|  | 50 | &nbsp;&nbsp; 45939 |
| &nbsp;&nbsp;&nbsp; Potters Borrower LP, 2025 Repriced Term Loan B, (1-<br> mo. CME Term SOFR at 0.75% Floor + 3.00%), <br> 7.16%, 12/14/27<br>|  | 62 | &nbsp;&nbsp; 62201 |
| Quikrete Holdings, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan B1, (1-mo. CME Term SOFR + <br> 2.25%), 6.41%, 03/19/29<br>|  | 178 | &nbsp;&nbsp; 177692 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B, (1-mo. CME Term SOFR at <br> 0.00% Floor + 2.25%), 6.41%, 02/10/32<br>|  | 96 | &nbsp;&nbsp; 95455 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B1, (1-mo. CME Term SOFR at <br> 0.00% Floor + 2.25%), 6.41%, 04/14/31<br>|  | 197 | &nbsp;&nbsp; 196658 |
| &nbsp;&nbsp;&nbsp; QXO, Inc., Term Loan B, (1-mo. CME Term SOFR at <br> 0.00% Floor + 3.00%), 7.16%, 04/30/32<br>|  | 62 | &nbsp;&nbsp; 62806 |
| &nbsp;&nbsp;&nbsp; Standard Industries, Inc., 2021 Term Loan B, (1-mo. <br> CME Term SOFR + 1.75%), 5.89%, 09/22/28<br>|  | 24 | &nbsp;&nbsp; 23775 |

---

Schedule of Investments

------

Schedule of Investments (unaudited)(continued)

September 30, 2025

**BlackRock Credit Allocation Income Trust (BTZ)** 

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

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Building Products (continued)** | **Building Products (continued)** | **Building Products (continued)** | **Building Products (continued)** |
| &nbsp;&nbsp;&nbsp; White Cap Supply Holdings LLC, 2024 Term Loan B, <br> (1-mo. CME Term SOFR at 0.00% Floor + 3.25%), <br> 7.42%, 10/19/29<br>| USD | 540 | &nbsp;&nbsp; $540233 |
| &nbsp;&nbsp;&nbsp; Wilsonart LLC, 2024 Term Loan B, (3-mo. CME Term <br> SOFR at 0.00% Floor + 4.25%), 8.25%, 08/05/31<br>|  | 415 | &nbsp;&nbsp; 400617 |
| &nbsp;&nbsp;&nbsp; Zurn LLC, 2021 Term Loan B, (1-mo. CME Term SOFR <br> + 2.11%), 6.28%, 10/04/28<br>|  | 97 | &nbsp;&nbsp; 97000 |
|  |  |  | &nbsp;&nbsp; 3530810 |
| **Capital Markets — 0.2%** | **Capital Markets — 0.2%** | **Capital Markets — 0.2%** | **Capital Markets — 0.2%** |
| &nbsp;&nbsp;&nbsp; Acuren Delaware Holdco, Inc., 2025 Term Loan, (1-mo. <br> CME Term SOFR at 0.00% Floor + 2.75%), 6.91%, <br> 07/30/31<br>|  | 53 | &nbsp;&nbsp; 52907 |
| &nbsp;&nbsp;&nbsp; Allspring Buyer LLC, 2024 Term Loan B, (3-mo. CME <br> Term SOFR at 0.00% Floor + 2.75%), 6.81%, <br> 11/01/30<br>|  | 80 | &nbsp;&nbsp; 80012 |
| &nbsp;&nbsp;&nbsp; AqGen Island Holdings, Inc., 2024 Term Loan B, (1-mo. <br> CME Term SOFR at 0.00% Floor + 3.00%), 7.16%, <br> 08/02/28<br>|  | 265 | &nbsp;&nbsp; 264438 |
| &nbsp;&nbsp;&nbsp; Aretec Group, Inc., 2024 1st Lien Term Loan B, (1-mo. <br> CME Term SOFR at 0.00% Floor + 3.50%), 7.66%, <br> 08/09/30<br>|  | 82 | &nbsp;&nbsp; 81581 |
| &nbsp;&nbsp;&nbsp; Citadel Securities LP, 2024 First Lien Term Loan, (1-mo. <br> CME Term SOFR at 0.00% Floor + 2.00%), 6.16%, <br> 10/31/31<br>|  | 188 | &nbsp;&nbsp; 188891 |
| &nbsp;&nbsp;&nbsp; Edelman Financial Engines Center LLC, 2024 Term <br> Loan, (1-mo. CME Term SOFR at 0.00% Floor + <br> 3.00%), 7.16%, 04/07/28<br>|  | 191 | &nbsp;&nbsp; 191353 |
| &nbsp;&nbsp;&nbsp; Focus Financial Partners LLC, 2025 Incremental Term <br> Loan B, (1-mo. CME Term SOFR at 0.00% Floor + <br> 2.75%), 6.91%, 09/15/31<br>|  | 198 | &nbsp;&nbsp; 198416 |
| &nbsp;&nbsp;&nbsp; Gryphon Acquire NewCo LLC, Term Loan B, (6-mo. <br> CME Term SOFR at 0.00% Floor + 3.00%), 6.88%, <br> 09/13/32<br>|  | 105 | &nbsp;&nbsp; 105230 |
| &nbsp;&nbsp;&nbsp; GTCR Everest Borrower LLC, Add on Term Loan B, <br> (3-mo. CME Term SOFR at 0.00% Floor + 2.75%), <br> 6.75%, 09/05/31<br>|  | 65 | &nbsp;&nbsp; 64832 |
| &nbsp;&nbsp;&nbsp; Guardian U.S. Holdco LLC, 2023 Term Loan B, (3-mo. <br> CME Term SOFR at 0.50% Floor + 3.50%), 7.50%, <br> 01/31/30<br>|  | 45 | &nbsp;&nbsp; 44637 |
| &nbsp;&nbsp;&nbsp; Jane Street Group LLC, 2024 Term Loan B1, (3-mo. <br> CME Term SOFR at 0.00% Floor + 2.00%), 6.20%, <br> 12/15/31<br>|  | 305 | &nbsp;&nbsp; 302804 |
| &nbsp;&nbsp;&nbsp; Osaic Holdings, Inc., 2025 Term Loan, (1-mo. CME <br> Term SOFR at 0.00% Floor + 3.00%), 7.16%, <br> 07/30/32<br>|  | 279 | &nbsp;&nbsp; 278794 |
| &nbsp;&nbsp;&nbsp; Summit Acquisition, Inc., 2025 Add-on Term Loan, (1-<br> mo. CME Term SOFR at 0.00% Floor + 3.50%), <br> 7.66%, 10/16/31<br>|  | 21 | &nbsp;&nbsp; 21061 |
|  |  |  | &nbsp;&nbsp; 1874956 |
| **Chemicals — 0.3%** | **Chemicals — 0.3%** | **Chemicals — 0.3%** | **Chemicals — 0.3%** |
| &nbsp;&nbsp;&nbsp; Aruba Investments Holdings LLC, 2020 USD Term Loan, <br> (1-mo. CME Term SOFR + 4.10%), 8.26%, 11/24/27<br>|  | 72 | &nbsp;&nbsp; 70051 |
| &nbsp;&nbsp;&nbsp; Axalta Coating Systems U.S. Holdings, Inc., 2024 Term <br> Loan B7, (3-mo. CME Term SOFR at 0.50% Floor + <br> 1.75%), 5.75%, 12/20/29<br>|  | 215 | &nbsp;&nbsp; 215709 |
| &nbsp;&nbsp;&nbsp; Chemours Co., 2023 USD Term Loan B, (1-mo. CME <br> Term SOFR + 3.00%), 7.16%, 08/18/28<br>|  | 90 | &nbsp;&nbsp; 90093 |

---

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Chemicals (continued)** | **Chemicals (continued)** | **Chemicals (continued)** | **Chemicals (continued)** |
| &nbsp;&nbsp;&nbsp; Derby Buyer LLC, 2024 Repriced Term Loan B, (1-mo. <br> CME Term SOFR at 0.50% Floor + 3.00%), 7.18%, <br> 11/01/30<br>| USD | 214 | &nbsp;&nbsp; $214387 |
| &nbsp;&nbsp;&nbsp; Discovery Purchaser Corp., Term Loan, (3-mo. CME <br> Term SOFR at 0.50% Floor + 3.75%), 8.08%, <br> 10/04/29<br>|  | 43 | &nbsp;&nbsp; 42615 |
| &nbsp;&nbsp;&nbsp; Ecovyst Catalyst Technologies LLC, 2024 Term Loan B, <br> (3-mo. CME Term SOFR at 0.00% Floor + 2.00%), <br> 6.31%, 06/12/31<br>|  | 176 | &nbsp;&nbsp; 175957 |
| &nbsp;&nbsp;&nbsp; Element Solutions, Inc., 2023 Term Loan B, (1-mo. CME <br> Term SOFR + 1.75%), 5.91%, 12/18/30<br>|  | 197 | &nbsp;&nbsp; 197903 |
| &nbsp;&nbsp;&nbsp; Fortis 333, Inc., USD Term Loan B, (3-mo. CME Term <br> SOFR at 0.00% Floor + 3.50%), 7.50%, 03/29/32<br>|  | 79 | &nbsp;&nbsp; 78277 |
| &nbsp;&nbsp;&nbsp; HB Fuller Co., 2025 Term Loan B, (1-mo. CME Term <br> SOFR at 0.50% Floor + 1.75%), 5.91%, 02/15/30<br>|  | 120 | &nbsp;&nbsp; 120180 |
| &nbsp;&nbsp;&nbsp; INEOS U.S. Finance LLC, 2023 USD Term Loan B, <br> (1-mo. CME Term SOFR at 0.00% Floor + 3.25%), <br> 7.41%, 02/18/30<br>|  | 71 | &nbsp;&nbsp; 63848 |
| &nbsp;&nbsp;&nbsp; INEOS U.S. Petrochem LLC, 2024 USD Term Loan B, <br> (1-mo. CME Term SOFR at 0.00% Floor + 4.25%), <br> 8.41%, 10/07/31<br>|  | 75 | &nbsp;&nbsp; 63929 |
| &nbsp;&nbsp;&nbsp; Lonza Group AG, USD Term Loan B, (3-mo. CME Term <br> SOFR at 0.75% Floor + 4.03%), 8.03%, 07/03/28<br>|  | 174 | &nbsp;&nbsp; 156905 |
| &nbsp;&nbsp;&nbsp; Minerals Technologies, Inc., 2024 Term Loan B, (1-mo. <br> CME Term SOFR at 0.00% Floor + 2.00%), 6.16%, <br> 11/26/31<sup>(d)</sup><br>|  | 173 | &nbsp;&nbsp; 172695 |
| &nbsp;&nbsp;&nbsp; Momentive Performance Materials, Inc., 2023 Term <br> Loan, (1-mo. CME Term SOFR + 4.00%), 8.16%, <br> 03/29/28<br>|  | 186 | &nbsp;&nbsp; 186597 |
| &nbsp;&nbsp;&nbsp; Nouryon Finance BV, 2024 USD Term Loan B1, (1-mo. <br> CME Term SOFR at 0.00% Floor + 3.25%), 7.50%, <br> 04/03/28<br>|  | 157 | &nbsp;&nbsp; 157593 |
| Olympus Water U.S. Holding Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 USD Term Loan, (3-mo. CME Term SOFR at <br> 0.50% Floor + 3.00%), 7.00%, 06/20/31<br>|  | 305 | &nbsp;&nbsp; 302029 |
| &nbsp;&nbsp;&nbsp; 2025 USD Term Loan B, 07/23/32<sup>(n)</sup> |  | 208 | &nbsp;&nbsp; 206292 |
| &nbsp;&nbsp;&nbsp; Oxea Holding Drei GmbH, 2017 USD Term Loan B2, <br> (3-mo. CME Term SOFR at 0.00% Floor + 4.35%), <br> 8.64%, 04/08/31<br>|  | 207 | &nbsp;&nbsp; 189755 |
| &nbsp;&nbsp;&nbsp; Paint Intermediate III LLC, 2024 Term Loan B, (3-mo. <br> CME Term SOFR at 0.00% Floor + 3.00%), 7.24%, <br> 10/09/31<br>|  | 70 | &nbsp;&nbsp; 69476 |
| Qnity Electronics, Inc., Term Loan B, 08/12/32<sup>(n)</sup> |  | 219 | &nbsp;&nbsp; 218726 |
| &nbsp;&nbsp;&nbsp; Solstice Advanced Materials, Inc., Term Loan B, <br> 09/17/32<sup>(n)</sup><br>|  | 115 | &nbsp;&nbsp; 115073 |
| &nbsp;&nbsp;&nbsp; Sparta U.S. HoldCo LLC, 2024 Term Loan B, (1-mo. <br> CME Term SOFR at 0.75% Floor + 3.00%), 7.28%, <br> 08/02/30<br>|  | 254 | &nbsp;&nbsp; 250202 |
| &nbsp;&nbsp;&nbsp; WR Grace Holdings LLC, 2025 Term Loan B, (3-mo. <br> CME Term SOFR at 0.50% Floor + 3.00%), 7.00%, <br> 08/19/32<br>|  | 111 | &nbsp;&nbsp; 111185 |
|  |  |  | &nbsp;&nbsp; 3469477 |
| **Commercial Services & Supplies — 0.4%** | **Commercial Services & Supplies — 0.4%** | **Commercial Services & Supplies — 0.4%** | **Commercial Services & Supplies — 0.4%** |
| &nbsp;&nbsp;&nbsp; Aggreko Holdings, Inc., 2025 USD Term Loan, (3-mo. <br> CME Term SOFR at 0.50% Floor + 3.00%), 7.21%, <br> 05/21/31<br>|  | 243 | &nbsp;&nbsp; 243765 |
| &nbsp;&nbsp;&nbsp; AlixPartners LLP, 2025 USD Term Loan, (1-mo. CME <br> Term SOFR at 0.00% Floor + 2.00%), 6.16%, <br> 08/12/32<br>|  | 358 | &nbsp;&nbsp; 355725 |

---

------

Schedule of Investments (unaudited)(continued)

September 30, 2025

**BlackRock Credit Allocation Income Trust (BTZ)** 

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

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Commercial Services & Supplies (continued)** | **Commercial Services & Supplies (continued)** | **Commercial Services & Supplies (continued)** | **Commercial Services & Supplies (continued)** |
| &nbsp;&nbsp;&nbsp; Allied Universal Holdco LLC, 2025 USD Term Loan B, <br> (1-mo. CME Term SOFR at 0.00% Floor + 3.35%), <br> 7.51%, 08/20/32<br>| USD | 680 | &nbsp;&nbsp; $682487 |
| &nbsp;&nbsp;&nbsp; Belron Finance LLC, 2025 Repriced Term Loan B, (3-<br> mo. CME Term SOFR at 0.50% Floor + 2.50%), <br> 6.74%, 10/16/31<br>|  | 484 | &nbsp;&nbsp; 486243 |
| &nbsp;&nbsp;&nbsp; Bright Horizons Family Solutions LLC, 2025 Term Loan <br> B, (1-mo. CME Term SOFR at 0.50% Floor + 1.75%), <br> 5.91%, 08/23/32<br>|  | 177 | &nbsp;&nbsp; 177755 |
| &nbsp;&nbsp;&nbsp; Champions Financing, Inc., 2024 Term Loan B, (3-mo. <br> CME Term SOFR at 0.00% Floor + 4.75%), 8.95%, <br> 02/23/29<br>|  | 21 | &nbsp;&nbsp; 19627 |
| &nbsp;&nbsp;&nbsp; CHG Healthcare Services, Inc., 2025 Term Loan B1, <br> (3-mo. CME Term SOFR at 0.50% Floor + 2.75%), <br> 7.05%, 09/29/28<br>|  | 180 | &nbsp;&nbsp; 180021 |
| &nbsp;&nbsp;&nbsp; Creative Artists Agency LLC, 2025 Repriced Term Loan <br> B, (1-mo. CME Term SOFR at 0.00% Floor + 2.50%), <br> 6.66%, 10/01/31<br>|  | 466 | &nbsp;&nbsp; 466169 |
| &nbsp;&nbsp;&nbsp; Ensemble RCM LLC, 2024 Term Loan B, (3-mo. CME <br> Term SOFR at 0.00% Floor + 3.00%), 7.31%, <br> 08/01/29<br>|  | 214 | &nbsp;&nbsp; 213941 |
| &nbsp;&nbsp;&nbsp; Galaxy U.S. Opco, Inc., Term Loan, (3-mo. CME Term <br> SOFR + 2.00%, 3.75% PIK), 10.06%, 07/31/30<sup>(i)</sup><br>|  | 85 | &nbsp;&nbsp; 77036 |
| &nbsp;&nbsp;&nbsp; Garda World Security Corp., 2025 Term Loan B, (1-mo. <br> CME Term SOFR at 0.00% Floor + 3.00%), 7.17%, <br> 02/01/29<br>|  | 266 | &nbsp;&nbsp; 265662 |
| &nbsp;&nbsp;&nbsp; Grant Thornton Advisors LLC, 2025 Term Loan B, (1-<br> mo. CME Term SOFR at 0.00% Floor + 2.50%), <br> 6.66%, 06/02/31<br>|  | 61 | &nbsp;&nbsp; 60556 |
| &nbsp;&nbsp;&nbsp; Herc Holdings, Inc., Term Loan B, (1-mo. CME Term <br> SOFR at 0.00% Floor + 2.00%), 6.25%, 06/02/32<br>|  | 40 | &nbsp;&nbsp; 40150 |
| Hertz Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 Term Loan B, (3-mo. CME Term SOFR + <br> 3.76%), 8.07%, 06/30/28<br>|  | 153 | &nbsp;&nbsp; 136675 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 Term Loan C, (3-mo. CME Term SOFR + <br> 3.76%), 8.07%, 06/30/28<br>|  | 30 | &nbsp;&nbsp; 26902 |
| &nbsp;&nbsp;&nbsp; KUEHG Corp., 2025 Term Loan, (3-mo. CME Term <br> SOFR at 0.50% Floor + 2.75%), 6.75%, 06/12/30<br>|  | 63 | &nbsp;&nbsp; 62508 |
| &nbsp;&nbsp;&nbsp; Learning Care Group U.S. No. 2, Inc., 2024 Term Loan <br> B, (3-mo. CME Term SOFR + 4.00%), 8.29%, <br> 08/11/28<sup>(d)</sup><br>|  | 26 | &nbsp;&nbsp; 25933 |
| &nbsp;&nbsp;&nbsp; Mavis Tire Express Services Topco Corp., <br> 2025 Repriced Term Loan, (3-mo. CME Term SOFR <br> at 0.75% Floor + 3.00%), 7.20%, 05/04/28<br>|  | 438 | &nbsp;&nbsp; 438147 |
| Prime Security Services Borrower LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 1st Lien Term Loan B, (6-mo. CME Term SOFR <br> at 0.00% Floor + 2.00%), 6.13%, 10/13/30<br>|  | 109 | &nbsp;&nbsp; 108297 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 Incremental Term Loan B, (1-mo. CME Term <br> SOFR at 0.00% Floor + 1.75%), 6.00%, 03/07/32<br>|  | 239 | &nbsp;&nbsp; 236596 |
| &nbsp;&nbsp;&nbsp; Ryan LLC, Term Loan, (1-mo. CME Term SOFR at <br> 0.50% Floor + 3.50%), 7.66%, 11/14/30<br>|  | 11 | &nbsp;&nbsp; 10849 |

---

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Commercial Services & Supplies (continued)** | **Commercial Services & Supplies (continued)** | **Commercial Services & Supplies (continued)** | **Commercial Services & Supplies (continued)** |
| &nbsp;&nbsp;&nbsp; Vortex Opco LLC, Second Out Term Loan, (3-mo. CME <br> Term SOFR at 0.50% Floor + 4.36%), 8.37%, <br> 12/17/28<br>| USD | 110 | &nbsp;&nbsp; $24170 |
| &nbsp;&nbsp;&nbsp; Wand NewCo 3, Inc., 2025 Repriced Term Loan B, (1-<br> mo. CME Term SOFR at 0.00% Floor + 2.50%), <br> 6.66%, 01/30/31<br>|  | 303 | &nbsp;&nbsp; 301793 |
|  |  |  | &nbsp;&nbsp; 4641007 |
| **Communications Equipment — 0.0%** | **Communications Equipment — 0.0%** | **Communications Equipment — 0.0%** | **Communications Equipment — 0.0%** |
| &nbsp;&nbsp;&nbsp; Ciena Corp., 2025 Repriced Term Loan B, (1-mo. CME <br> Term SOFR at 0.00% Floor + 1.75%), 5.89%, <br> 10/24/30<br>|  | 200 | &nbsp;&nbsp; 200437 |
| &nbsp;&nbsp;&nbsp; ORBCOMM, Inc., Term Loan B, (1-mo. CME Term <br> SOFR at 0.75% Floor + 4.51%), 8.62%, 09/01/28<br>|  | 75 | &nbsp;&nbsp; 67436 |
|  |  |  | &nbsp;&nbsp; 267873 |
| **Construction & Engineering — 0.1%** | **Construction & Engineering — 0.1%** | **Construction & Engineering — 0.1%** | **Construction & Engineering — 0.1%** |
| &nbsp;&nbsp;&nbsp; Apple Bidco LLC, 2025 Term Loan, (1-mo. CME Term <br> SOFR at 0.00% Floor + 2.50%), 6.66%, 09/23/31<br>|  | 440 | &nbsp;&nbsp; 440386 |
| &nbsp;&nbsp;&nbsp; Brand Industrial Services, Inc., 2024 Term Loan B, (3-<br> mo. CME Term SOFR at 0.50% Floor + 4.50%), <br> 8.80%, 08/01/30<br>|  | 334 | &nbsp;&nbsp; 302190 |
| &nbsp;&nbsp;&nbsp; Brown Group Holding LLC, 2022 Incremental Term Loan <br> B2, (1-mo. CME Term SOFR at 0.50% Floor + <br> 2.50%), 6.68%, 07/01/31<br>|  | 183 | &nbsp;&nbsp; 183480 |
| &nbsp;&nbsp;&nbsp; Construction Partners, Inc., Term Loan B, (1-mo. CME <br> Term SOFR at 0.00% Floor + 2.50%), 6.66%, <br> 11/03/31<br>|  | 43 | &nbsp;&nbsp; 42771 |
| &nbsp;&nbsp;&nbsp; Cube Industrials Buyer, Inc., 2024 Term Loan, (3-mo. <br> CME Term SOFR at 0.00% Floor + 3.25%), 7.58%, <br> 10/17/31<br>|  | 38 | &nbsp;&nbsp; 37904 |
| &nbsp;&nbsp;&nbsp; Legence Holdings LLC, 2025 Term Loan B, (1-mo. CME <br> Term SOFR at 0.75% Floor + 3.00%), 7.16%, <br> 12/18/28<br>|  | 31 | &nbsp;&nbsp; 30700 |
| &nbsp;&nbsp;&nbsp; SBA Senior Finance II LLC, 2024 Term Loan B, (1-mo. <br> CME Term SOFR at 0.00% Floor + 1.75%), 5.92%, <br> 01/25/31<br>|  | 258 | &nbsp;&nbsp; 258839 |
|  |  |  | &nbsp;&nbsp; 1296270 |
| **Consumer Discretionary — 0.1%** | **Consumer Discretionary — 0.1%** | **Consumer Discretionary — 0.1%** | **Consumer Discretionary — 0.1%** |
| &nbsp;&nbsp;&nbsp; APi Group DE, Inc., 2025 Term Loan, (1-mo. CME Term <br> SOFR at 0.00% Floor + 1.75%), 5.91%, 01/03/29<br>|  | 347 | &nbsp;&nbsp; 347132 |
| &nbsp;&nbsp;&nbsp; Camelot U.S. Acquisition LLC, 2024 Term Loan B, (1-<br> mo. CME Term SOFR + 2.75%), 6.91%, 01/31/31<br>|  | 108 | &nbsp;&nbsp; 107513 |
| &nbsp;&nbsp;&nbsp; Element Materials Technology Group U.S. Holdings, <br> Inc., 2022 USD Term Loan, (3-mo. CME Term SOFR <br> at 0.50% Floor + 3.68%), 7.68%, 07/06/29<br>|  | 83 | &nbsp;&nbsp; 83295 |
| &nbsp;&nbsp;&nbsp; Fleet U.S. Bidco, Inc., 2024 1st Lien Term Loan B, (6-<br> mo. CME Term SOFR at 0.00% Floor + 2.50%), <br> 6.54%, 02/21/31<sup>(d)</sup><br>|  | 51 | &nbsp;&nbsp; 50490 |
| &nbsp;&nbsp;&nbsp; OMNIA Partners LLC, 2024 Term Loan B, (3-mo. CME <br> Term SOFR at 0.00% Floor + 2.50%), 6.81%, <br> 07/25/30<br>|  | 84 | &nbsp;&nbsp; 84137 |
| &nbsp;&nbsp;&nbsp; Peer Holding III BV, 2025 USD Term Loan B, <br> 09/27/32<sup>(n)</sup><br>|  | 48 | &nbsp;&nbsp; 48000 |

---

Schedule of Investments

------

Schedule of Investments (unaudited)(continued)

September 30, 2025

**BlackRock Credit Allocation Income Trust (BTZ)** 

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

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Consumer Discretionary (continued)** | **Consumer Discretionary (continued)** | **Consumer Discretionary (continued)** | **Consumer Discretionary (continued)** |
| &nbsp;&nbsp;&nbsp; PG Polaris BidCo SARL, Term Loan B, (1-mo. CME <br> Term SOFR at 0.00% Floor + 2.75%), 6.91%, <br> 03/26/31<br>| USD | 96 | &nbsp;&nbsp; $96465 |
| &nbsp;&nbsp;&nbsp; Raven Acquisition Holdings LLC, Term Loan B, (1-mo. <br> CME Term SOFR at 0.00% Floor + 3.00%), 7.16%, <br> 11/19/31<br>|  | 75 | &nbsp;&nbsp; 74545 |
| &nbsp;&nbsp;&nbsp; TruGreen LP, 2020 Term Loan, (1-mo. CME Term SOFR <br> + 4.10%), 8.26%, 11/02/27<br>|  | 43 | &nbsp;&nbsp; 42414 |
|  |  |  | &nbsp;&nbsp; 933991 |
| **Consumer Finance — 0.2%** | **Consumer Finance — 0.2%** | **Consumer Finance — 0.2%** | **Consumer Finance — 0.2%** |
| &nbsp;&nbsp;&nbsp; Boost Newco Borrower LLC, 2025 USD Term Loan B2, <br> (3-mo. CME Term SOFR at 0.00% Floor + 2.00%), <br> 6.00%, 01/31/31<br>|  | 553 | &nbsp;&nbsp; 553061 |
| &nbsp;&nbsp;&nbsp; Citrin Cooperman Advisors LLC, 2025 Term Loan B, <br> (3-mo. CME Term SOFR at 0.00% Floor + 3.00%), <br> 7.00%, 04/01/32<br>|  | 106 | &nbsp;&nbsp; 105614 |
| &nbsp;&nbsp;&nbsp; Corpay Technologies Operating Co. LLC, Term Loan B5, <br> (1-mo. CME Term SOFR at 0.00% Floor + 1.75%), <br> 5.91%, 04/28/28<br>|  | 414 | &nbsp;&nbsp; 413786 |
| &nbsp;&nbsp;&nbsp; Shift4 Payments LLC, 2025 Term Loan, (3-mo. CME <br> Term SOFR at 0.00% Floor + 2.50%), 6.50%, <br> 06/30/32<br>|  | 102 | &nbsp;&nbsp; 102722 |
| Trans Union LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan B8, (1-mo. CME Term SOFR at <br> 0.00% Floor + 1.75%), 5.91%, 06/24/31<br>|  | 203 | &nbsp;&nbsp; 202838 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan B9, (1-mo. CME Term SOFR at <br> 0.50% Floor + 1.75%), 5.91%, 06/24/31<br>|  | 311 | &nbsp;&nbsp; 310940 |
| WEX, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan B2, (1-mo. CME Term SOFR at <br> 0.00% Floor + 1.75%), 5.91%, 03/31/28<br>|  | 45 | &nbsp;&nbsp; 44590 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 Incremental Term Loan B, (1-mo. CME Term <br> SOFR at 0.00% Floor + 1.75%), 5.91%, 03/05/32<br>|  | 80 | &nbsp;&nbsp; 79227 |
|  |  |  | &nbsp;&nbsp; 1812778 |
| **Consumer Staples Distribution & Retail — 0.0%** | **Consumer Staples Distribution & Retail — 0.0%** | **Consumer Staples Distribution & Retail — 0.0%** | **Consumer Staples Distribution & Retail — 0.0%** |
| &nbsp;&nbsp;&nbsp; Boots Group Finco LP, USD Term Loan, (3-mo. CME <br> Term SOFR at 0.00% Floor + 3.50%), 7.70%, <br> 08/30/32<br>|  | 168 | &nbsp;&nbsp; 168349 |
| &nbsp;&nbsp;&nbsp; U.S. Foods, Inc., 2024 1st Lien Term Loan B, (1-mo. <br> CME Term SOFR at 0.00% Floor + 1.75%), 5.91%, <br> 10/03/31<br>|  | 164 | &nbsp;&nbsp; 164698 |
|  |  |  | &nbsp;&nbsp; 333047 |
| **Containers & Packaging — 0.2%** | **Containers & Packaging — 0.2%** | **Containers & Packaging — 0.2%** | **Containers & Packaging — 0.2%** |
| &nbsp;&nbsp;&nbsp; Asplundh Tree Expert LLC, 2021 Term Loan B, (1-mo. <br> CME Term SOFR at 0.00% Floor + 1.85%), 6.01%, <br> 09/07/27<br>|  | 280 | &nbsp;&nbsp; 279964 |
| &nbsp;&nbsp;&nbsp; Charter Next Generation, Inc., 2024 Term Loan B1, (1-<br> mo. CME Term SOFR at 0.75% Floor + 2.75%), <br> 6.93%, 11/29/30<br>|  | 475 | &nbsp;&nbsp; 476326 |
| Clydesdale Acquisition Holdings, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 Delayed Draw Term Loan, (1-mo. CME Term <br> SOFR at 0.00% Floor + 3.25%), 7.41%, 04/01/32<br>|  |  | &nbsp;&nbsp; 124 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B, (1-mo. CME Term SOFR at <br> 0.00% Floor + 3.25%), 7.41%, 04/01/32<br>|  | 237 | &nbsp;&nbsp; 236265 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Term Loan B, (1-mo. CME Term SOFR + 3.18%), <br> 7.34%, 04/13/29<br>|  | 25 | &nbsp;&nbsp; 24958 |
| &nbsp;&nbsp;&nbsp; LABL, Inc., 2021 USD 1st Lien Term Loan, (1-mo. CME <br> Term SOFR at 0.50% Floor + 5.10%), 9.26%, <br> 10/30/28<br>|  | 232 | &nbsp;&nbsp; 189801 |

---

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Containers & Packaging (continued)** | **Containers & Packaging (continued)** | **Containers & Packaging (continued)** | **Containers & Packaging (continued)** |
| &nbsp;&nbsp;&nbsp; Mauser Packaging Solutions Holding Co., 2024 Term <br> Loan B, (1-mo. CME Term SOFR + 3.00%), 7.28%, <br> 04/15/27<br>| USD | 132 | &nbsp;&nbsp; $131508 |
| &nbsp;&nbsp;&nbsp; Pregis TopCo Corp., 2025 Refinancing Term Loan, (1-<br> mo. CME Term SOFR at 0.00% Floor + 4.00%), <br> 8.16%, 02/01/29<br>|  | 122 | &nbsp;&nbsp; 123170 |
| &nbsp;&nbsp;&nbsp; Proampac PG Borrower LLC, 2024 Term Loan, (3-mo. <br> CME Term SOFR + 4.00%), 8.26%, 09/15/28<br>|  | 26 | &nbsp;&nbsp; 25993 |
| &nbsp;&nbsp;&nbsp; Ring Container Technologies Group LLC, 2025 Term <br> Loan B, (1-mo. CME Term SOFR at 0.50% Floor + <br> 2.50%), 6.66%, 09/15/32<br>|  | 69 | &nbsp;&nbsp; 68862 |
| &nbsp;&nbsp;&nbsp; Trident TPI Holdings, Inc., 2024 Term Loan B7, (3-mo. <br> CME Term SOFR at 0.50% Floor + 3.75%), 7.75%, <br> 09/15/28<br>|  | 147 | &nbsp;&nbsp; 144558 |
|  |  |  | &nbsp;&nbsp; 1701529 |
| **Distributors — 0.1%** | **Distributors — 0.1%** | **Distributors — 0.1%** | **Distributors — 0.1%** |
| &nbsp;&nbsp;&nbsp; American Builders & Contractors Supply Co., Inc., <br> 2024 Term Loan B, (1-mo. CME Term SOFR at <br> 0.00% Floor + 1.75%), 5.91%, 01/31/31<br>|  | 203 | &nbsp;&nbsp; 203689 |
| Core & Main LP |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan D, (1-mo. CME Term SOFR at <br> 0.00% Floor + 2.00%), 6.17%, 07/27/28<br>|  | 468 | &nbsp;&nbsp; 467640 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan E, (1-mo. CME Term SOFR at <br> 0.00% Floor + 2.00%), 6.17%, 02/09/31<br>|  | 92 | &nbsp;&nbsp; 91324 |
| &nbsp;&nbsp;&nbsp; Dealer Tire Financial LLC, 2024 1st Lien Term Loan B, <br> (1-mo. CME Term SOFR at 0.00% Floor + 3.00%), <br> 7.16%, 07/02/31<br>|  | 180 | &nbsp;&nbsp; 179130 |
| &nbsp;&nbsp;&nbsp; Gates Corp./DE, 2024 Term Loan B5, (1-mo. CME Term <br> SOFR + 1.75%), 5.91%, 06/04/31<br>|  | 324 | &nbsp;&nbsp; 323508 |
| &nbsp;&nbsp;&nbsp; PAI Holdco, Inc., 2020 Term Loan B, (3-mo. CME Term <br> SOFR + 4.01%), 8.32%, 10/28/27<br>|  | 64 | &nbsp;&nbsp; 53307 |
| &nbsp;&nbsp;&nbsp; Resideo Funding, Inc., 2025 Incremental Term Loan, <br> (3-mo. CME Term SOFR at 0.00% Floor + 2.00%), <br> 6.04%, 08/13/32<br>|  | 140 | &nbsp;&nbsp; 139913 |
| &nbsp;&nbsp;&nbsp; TMK Hawk Parent Corp., 2024 Term Loan B, (1-mo. <br> CME Term SOFR at 1.00% Floor + 2.00%, 3.25% <br> PIK), 9.41%, 06/30/29<sup>(i)</sup><br>|  | 73 | &nbsp;&nbsp; 25640 |
|  |  |  | &nbsp;&nbsp; 1484151 |
| **Diversified Consumer Services — 0.0%** | **Diversified Consumer Services — 0.0%** | **Diversified Consumer Services — 0.0%** | **Diversified Consumer Services — 0.0%** |
| &nbsp;&nbsp;&nbsp; Anticimex International AB, 2024 Term Loan B6, (3-mo. <br> SOFR + 3.40%), 7.76%, 11/16/28<br>|  | 85 | &nbsp;&nbsp; 84699 |
| **Diversified Telecommunication Services — 0.1%** | **Diversified Telecommunication Services — 0.1%** | **Diversified Telecommunication Services — 0.1%** | **Diversified Telecommunication Services — 0.1%** |
| &nbsp;&nbsp;&nbsp; Altice Financing SA, USD 2017 1st Lien Term Loan, <br> (Prime + 1.75%), 9.00%, 01/31/26<sup>(d)</sup><br>|  | 243 | &nbsp;&nbsp; 233393 |
| Lumen Technologies, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 Extended Term Loan B1, (1-mo. CME Term <br> SOFR at 2.00% Floor + 2.46%), 6.63%, 04/16/29<br>|  | 135 | &nbsp;&nbsp; 133703 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 Extended Term Loan B2, (1-mo. CME Term <br> SOFR at 2.00% Floor + 2.46%), 6.63%, 04/15/30<br>|  | 177 | &nbsp;&nbsp; 175460 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan A, (1-mo. CME Term SOFR + <br> 6.00%), 10.16%, 06/01/28<br>|  | 11 | &nbsp;&nbsp; 11242 |
| &nbsp;&nbsp;&nbsp; Zayo Group Holdings, Inc., 1st Lien Term Loan B, (1-mo. <br> CME Term SOFR at 0.00% Floor + 3.50%), 7.61%, <br> 03/11/30<br>|  | 527 | &nbsp;&nbsp; 511299 |
|  |  |  | &nbsp;&nbsp; 1065097 |
| **Electric Utilities — 0.1%** | **Electric Utilities — 0.1%** | **Electric Utilities — 0.1%** | **Electric Utilities — 0.1%** |
| &nbsp;&nbsp;&nbsp; Constellation Renewables LLC, 2020 Term Loan, (3-mo. <br> CME Term SOFR at 1.00% Floor + 2.25%), 6.45%, <br> 12/15/27<br>|  | 123 | &nbsp;&nbsp; 122979 |

---

------

Schedule of Investments (unaudited)(continued)

September 30, 2025

**BlackRock Credit Allocation Income Trust (BTZ)** 

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

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Electric Utilities (continued)** | **Electric Utilities (continued)** | **Electric Utilities (continued)** | **Electric Utilities (continued)** |
| &nbsp;&nbsp;&nbsp; Pike Corp., 2021 Incremental Term Loan B, (1-mo. CME <br> Term SOFR + 3.11%), 7.28%, 01/21/28<br>| USD | 125 | &nbsp;&nbsp; $125096 |
| &nbsp;&nbsp;&nbsp; Talen Energy Supply LLC, 2024-1 Incremental Term <br> Loan, (3-mo. CME Term SOFR at 0.00% Floor + <br> 2.50%), 6.73%, 12/15/31<br>|  | 86 | &nbsp;&nbsp; 86366 |
| &nbsp;&nbsp;&nbsp; Vistra Operations Co. LLC, 1st Lien Term Loan B3, (1-<br> mo. CME Term SOFR + 1.75%), 5.91%, 12/20/30<br>|  | 172 | &nbsp;&nbsp; 172257 |
|  |  |  | &nbsp;&nbsp; 506698 |
| **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; Celestica, Inc., 2024 Term Loan B, (1-mo. CME Term <br> SOFR at 0.00% Floor + 1.75%), 5.92%, 06/20/31<sup>(d)</sup><br>|  | 55 | &nbsp;&nbsp; 55576 |
| &nbsp;&nbsp;&nbsp; Coherent Corp., 2025 1st Lien Term Loan B2, (1-mo. <br> CME Term SOFR at 0.50% Floor + 1.75%), 5.94%, <br> 07/02/29<br>|  | 126 | &nbsp;&nbsp; 126188 |
| &nbsp;&nbsp;&nbsp; Lsf12 Crown U.S. Commercial Bidco LLC, 2025 Term <br> Loan B, 12/02/31<sup>(n)</sup><br>|  | 94 | &nbsp;&nbsp; 94059 |
| Pinnacle Buyer LLC<sup>(n)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; Delayed Draw Term Loan, 09/10/32 |  | 23 | &nbsp;&nbsp; 22674 |
| &nbsp;&nbsp;&nbsp; Term Loan, 09/10/32 |  | 118 | &nbsp;&nbsp; 117904 |
| &nbsp;&nbsp;&nbsp; Project Aurora U.S. Finco, Inc., USD Term Loan, <br> 09/24/32<sup>(d)(n)</sup><br>|  | 33 | &nbsp;&nbsp; 33041 |
| Sanmina Corp., Term Loan B, 08/06/32<sup>(d)(n)</sup> |  | 112 | &nbsp;&nbsp; 111720 |
|  |  |  | &nbsp;&nbsp; 561162 |
| **Energy Equipment & Services — 0.0%** | **Energy Equipment & Services — 0.0%** | **Energy Equipment & Services — 0.0%** | **Energy Equipment & Services — 0.0%** |
| &nbsp;&nbsp;&nbsp; Meade Pipeline Co. LLC, Term Loan B, (3-mo. CME <br> Term SOFR at 0.00% Floor + 2.00%), 6.00%, <br> 09/22/32<br>|  | 37 | &nbsp;&nbsp; 36954 |
| **Entertainment — 0.1%** | **Entertainment — 0.1%** | **Entertainment — 0.1%** | **Entertainment — 0.1%** |
| &nbsp;&nbsp;&nbsp; Bally's Corp., 2021 Term Loan B, (3-mo. CME Term <br> SOFR at 0.50% Floor + 3.51%), 7.84%, 10/02/28<br>|  | 111 | &nbsp;&nbsp; 107645 |
| &nbsp;&nbsp;&nbsp; Delta 2 Lux SARL, 2024 1st Lien Term Loan B, (3-mo. <br> CME Term SOFR at 0.50% Floor + 2.00%), 6.00%, <br> 09/30/31<br>|  | 342 | &nbsp;&nbsp; 341406 |
|  |  |  | &nbsp;&nbsp; 449051 |
| **Environmental, Maintenance & Security Service — 0.2%** | **Environmental, Maintenance & Security Service — 0.2%** | **Environmental, Maintenance & Security Service — 0.2%** | **Environmental, Maintenance & Security Service — 0.2%** |
| &nbsp;&nbsp;&nbsp; Action Environmental Group, Inc., 2023 Term Loan B, <br> (3-mo. CME Term SOFR at 0.50% Floor + 3.25%), <br> 7.25%, 10/24/30<sup>(d)</sup><br>|  | 110 | &nbsp;&nbsp; 109958 |
| Clean Harbors, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan B, (1-mo. CME Term SOFR at <br> 0.00% Floor + 1.75%), 5.91%, 10/09/28<br>|  | 158 | &nbsp;&nbsp; 158405 |
| &nbsp;&nbsp;&nbsp; 2025 Term Loan, 09/24/32<sup>(n)</sup> |  | 95 | &nbsp;&nbsp; 95118 |
| &nbsp;&nbsp;&nbsp; Filtration Group Corp., 2025 USD Term Loan, (1-mo. <br> CME Term SOFR at 0.50% Floor + 2.75%), 6.91%, <br> 10/21/28<br>|  | 422 | &nbsp;&nbsp; 423357 |
| &nbsp;&nbsp;&nbsp; GFL ES US LLC, 2025 Term Loan B, (3-mo. CME Term <br> SOFR at 0.00% Floor + 2.50%), 6.67%, 03/03/32<br>|  | 333 | &nbsp;&nbsp; 332564 |
| &nbsp;&nbsp;&nbsp; JFL-Tiger Acquisition Co., Inc., Term Loan B, (1-mo. <br> CME Term SOFR at 0.50% Floor + 3.75%), 7.89%, <br> 10/17/30<br>|  | 86 | &nbsp;&nbsp; 85754 |
| Madison IAQ LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B, (6-mo. CME Term SOFR at <br> 0.50% Floor + 3.25%), 7.45%, 05/06/32<br>|  | 217 | &nbsp;&nbsp; 217356 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Term Loan, (6-mo. CME Term SOFR at 0.50% Floor + <br> 2.50%), 6.70%, 06/21/28<br>|  | 442 | &nbsp;&nbsp; 442459 |
| &nbsp;&nbsp;&nbsp; Packers Holdings LLC, 2021 Term Loan, (3-mo. CME <br> Term SOFR at 0.75% Floor + 3.35%), 7.66%, <br> 03/09/28<br>|  | 123 | &nbsp;&nbsp; 38455 |

---

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Environmental, Maintenance & Security Service (continued)** | **Environmental, Maintenance & Security Service (continued)** | **Environmental, Maintenance & Security Service (continued)** | **Environmental, Maintenance & Security Service (continued)** |
| Reworld Holding Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp; 2025 1st Lien Term Loan B, 01/15/31<sup>(n)</sup> | USD | 52 | &nbsp;&nbsp; $51838 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Term Loan B, (1-mo. CME Term SOFR at 0.50% <br> Floor + 2.25%), 6.39%, 11/30/28<br>|  | 81 | &nbsp;&nbsp; 81023 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Term Loan C, (1-mo. CME Term SOFR at 0.50% <br> Floor + 2.25%), 6.39%, 11/30/28<br>|  | 6 | &nbsp;&nbsp; 6272 |
|  |  |  | &nbsp;&nbsp; 2042559 |
| **Financial Services — 0.1%** | **Financial Services — 0.1%** | **Financial Services — 0.1%** | **Financial Services — 0.1%** |
| &nbsp;&nbsp;&nbsp; Apex Group Treasury LLC, 2025 USD Term Loan B, <br> (3-mo. CME Term SOFR at 0.00% Floor + 3.50%), <br> 7.75%, 02/27/32<br>|  | 223 | &nbsp;&nbsp; 217699 |
| &nbsp;&nbsp;&nbsp; CPI Holdco B LLC, 2024 Term Loan, (1-mo. CME Term <br> SOFR + 2.00%), 6.16%, 05/19/31<br>|  | 377 | &nbsp;&nbsp; 376833 |
| &nbsp;&nbsp;&nbsp; ION Platform Finance U.S., Inc., USD Term Loan, <br> 09/30/32<sup>(d)(n)</sup><br>|  | 450 | &nbsp;&nbsp; 446062 |
| Orion U.S. Finco, Inc., 1st Lien Term Loan, 05/20/32<sup>(n)</sup> |  | 134 | &nbsp;&nbsp; 134670 |
| &nbsp;&nbsp;&nbsp; Setanta Aircraft Leasing DAC, 2024 Term Loan B, (3-<br> mo. CME Term SOFR at 0.00% Floor + 1.75%), <br> 5.75%, 11/05/28<br>|  | 53 | &nbsp;&nbsp; 52740 |
|  |  |  | &nbsp;&nbsp; 1228004 |
| **Food Products — 0.2%** | **Food Products — 0.2%** | **Food Products — 0.2%** | **Food Products — 0.2%** |
| Aramark Services, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan B8, (1-mo. CME Term SOFR at <br> 0.00% Floor + 2.00%), 6.17%, 06/22/30<br>|  | 258 | &nbsp;&nbsp; 258734 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 Repriced Term Loan, (1-mo. CME Term SOFR <br> at 0.00% Floor + 1.75%), 5.91%, 04/06/28<br>|  | 113 | &nbsp;&nbsp; 113000 |
| &nbsp;&nbsp;&nbsp; Chobani LLC, 2025 Repriced Term Loan B, (1-mo. CME <br> Term SOFR at 0.00% Floor + 2.50%), 6.66%, <br> 10/25/27<br>|  | 678 | &nbsp;&nbsp; 679363 |
| Froneri U.S., Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 USD Term Loan B4, (6-mo. CME Term SOFR at <br> 0.00% Floor + 2.00%), 6.20%, 09/30/31<br>|  | 438 | &nbsp;&nbsp; 434854 |
| &nbsp;&nbsp;&nbsp; 2025 USD Term Loan, 08/02/32<sup>(n)</sup> |  | 130 | &nbsp;&nbsp; 129654 |
| &nbsp;&nbsp;&nbsp; H-Food Holdings LLC, 2025 Exit Term Loan, (3-mo. <br> CME Term SOFR at 2.00% Floor + 6.50%), 10.81%, <br> 03/29/30<br>|  | 18 | &nbsp;&nbsp; 17767 |
| &nbsp;&nbsp;&nbsp; Nomad Foods U.S. LLC, 2023 Term Loan B5, (6-mo. <br> CME Term SOFR at 0.50% Floor + 2.50%), 6.54%, <br> 11/12/29<br>|  | 74 | &nbsp;&nbsp; 73535 |
| &nbsp;&nbsp;&nbsp; UTZ Quality Foods LLC, 2025 Term Loan B, (3-mo. <br> CME Term SOFR at 0.00% Floor + 2.50%), 6.50%, <br> 01/29/32<br>|  | 266 | &nbsp;&nbsp; 265627 |
|  |  |  | &nbsp;&nbsp; 1972534 |
| **Ground Transportation — 0.1%** | **Ground Transportation — 0.1%** | **Ground Transportation — 0.1%** | **Ground Transportation — 0.1%** |
| &nbsp;&nbsp;&nbsp; Genesee & Wyoming, Inc., 2024 Term Loan, (3-mo. <br> CME Term SOFR at 0.00% Floor + 1.75%), 5.75%, <br> 04/10/31<br>|  | 603 | &nbsp;&nbsp; 600451 |
| **Health Care Equipment & Supplies — 0.1%** | **Health Care Equipment & Supplies — 0.1%** | **Health Care Equipment & Supplies — 0.1%** | **Health Care Equipment & Supplies — 0.1%** |
| &nbsp;&nbsp;&nbsp; Avantor Funding, Inc., 2024 Term Loan B6, (1-mo. CME <br> Term SOFR at 0.50% Floor + 2.10%), 6.26%, <br> 11/08/27<br>|  | 21 | &nbsp;&nbsp; 21250 |
| Bausch & Lomb Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 Incremental Term Loan, (1-mo. CME Term <br> SOFR at 0.00% Floor + 4.00%), 8.17%, 09/29/28<br>|  | 110 | &nbsp;&nbsp; 109623 |

---

Schedule of Investments

------

Schedule of Investments (unaudited)(continued)

September 30, 2025

**BlackRock Credit Allocation Income Trust (BTZ)** 

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

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Health Care Equipment & Supplies (continued)** | **Health Care Equipment & Supplies (continued)** | **Health Care Equipment & Supplies (continued)** | **Health Care Equipment & Supplies (continued)** |
| Bausch & Lomb Corp. (continued) |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B, (1-mo. CME Term SOFR at <br> 0.00% Floor + 4.25%), 8.41%, 01/15/31<br>| USD | 260 | &nbsp;&nbsp; $259940 |
| &nbsp;&nbsp;&nbsp; QuidelOrtho Corp., Term Loan, (3-mo. CME Term SOFR <br> at 0.00% Floor + 4.00%), 8.00%, 08/20/32<br>|  | 100 | &nbsp;&nbsp; 99417 |
|  |  |  | &nbsp;&nbsp; 490230 |
| **Health Care Providers & Services — 0.3%** | **Health Care Providers & Services — 0.3%** | **Health Care Providers & Services — 0.3%** | **Health Care Providers & Services — 0.3%** |
| &nbsp;&nbsp;&nbsp; AHP Health Partners, Inc., 2025 Term Loan B, <br> 09/20/32<sup>(n)</sup><br>|  | 24 | &nbsp;&nbsp; 24519 |
| &nbsp;&nbsp;&nbsp; Concentra Health Services, Inc., 2025 Repriced Term <br> Loan B, (1-mo. CME Term SOFR at 0.00% Floor + <br> 2.00%), 6.16%, 07/26/31<br>|  | 84 | &nbsp;&nbsp; 84715 |
| &nbsp;&nbsp;&nbsp; Examworks Bidco, Inc., 2021 Term Loan, (1-mo. CME <br> Term SOFR at 0.50% Floor + 2.75%), 6.91%, <br> 11/01/28<br>|  | 307 | &nbsp;&nbsp; 307319 |
| EyeCare Partners LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 Second Out Term Loan B, (6-mo. CME Term <br> SOFR at 0.00% Floor + 1.00%, 3.61% PIK), <br> 8.84%, 11/30/28<sup>(i)</sup><br>|  | 77 | &nbsp;&nbsp; 48612 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 Superpriority New Money 1st Out Term Loan A, <br> (6-mo. CME Term SOFR at 0.00% Floor + 5.75%), <br> 9.88%, 08/31/28<br>|  | 57 | &nbsp;&nbsp; 56970 |
| &nbsp;&nbsp;&nbsp; ICON Luxembourg SARL, 2024 LUX Term Loan B, (3-<br> mo. CME Term SOFR at 0.50% Floor + 2.00%), <br> 6.00%, 07/03/28<br>|  | 56 | &nbsp;&nbsp; 55750 |
| &nbsp;&nbsp;&nbsp; LifePoint Health, Inc., 2024 1st Lien Term Loan B, (3-<br> mo. CME Term SOFR at 0.00% Floor + 3.75%), <br> 8.07%, 05/19/31<br>|  | 149 | &nbsp;&nbsp; 148947 |
| &nbsp;&nbsp;&nbsp; Medical Solutions Holdings, Inc., 2021 1st Lien Term <br> Loan, (3-mo. CME Term SOFR at 0.50% Floor + <br> 3.60%), 7.91%, 11/01/28<br>|  | 100 | &nbsp;&nbsp; 34197 |
| Medline Borrower LP |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 Incremental Term Loan B, (1-mo. CME Term <br> SOFR at 0.50% Floor + 2.00%), 6.16%, 10/23/30<br>|  | 45 | &nbsp;&nbsp; 44860 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B, (1-mo. CME Term SOFR at <br> 0.50% Floor + 2.00%), 6.16%, 10/23/28<br>|  | 1044 | &nbsp;&nbsp; 1043545 |
| &nbsp;&nbsp;&nbsp; Parexel International Corp., 2025 Term Loan B, (1-mo. <br> CME Term SOFR at 0.50% Floor + 2.50%), 6.66%, <br> 11/15/28<br>|  | 346 | &nbsp;&nbsp; 346142 |
| &nbsp;&nbsp;&nbsp; Sotera Health Holdings LLC, 2025 Term Loan B, (1-mo. <br> CME Term SOFR at 0.00% Floor + 2.50%), 6.66%, <br> 05/30/31<br>|  | 273 | &nbsp;&nbsp; 273530 |
| &nbsp;&nbsp;&nbsp; Star Parent, Inc., Term Loan B, (3-mo. CME Term SOFR <br> at 0.00% Floor + 4.00%), 8.00%, 09/27/30<br>|  | 112 | &nbsp;&nbsp; 111645 |
| &nbsp;&nbsp;&nbsp; Surgery Center Holdings, Inc., 2025 Term Loan B, (1-<br> mo. CME Term SOFR at 0.00% Floor + 2.50%), <br> 6.66%, 12/19/30<br>|  | 219 | &nbsp;&nbsp; 218928 |
| &nbsp;&nbsp;&nbsp; Team Health Holdings, Inc., 2025 Term Loan B, (3-mo. <br> CME Term SOFR at 0.00% Floor + 4.50%), 8.80%, <br> 06/30/28<br>|  | 60 | &nbsp;&nbsp; 59688 |
|  |  |  | &nbsp;&nbsp; 2859367 |
| **Hotel & Resort REITs — 0.0%** | **Hotel & Resort REITs — 0.0%** | **Hotel & Resort REITs — 0.0%** | **Hotel & Resort REITs — 0.0%** |
| &nbsp;&nbsp;&nbsp; RHP Hotel Properties LP, 2024 1st Lien Term Loan B, <br> (1-mo. CME Term SOFR at 0.00% Floor + 2.00%), <br> 6.16%, 05/20/30<br>|  | 78 | &nbsp;&nbsp; 78394 |
| **Hotels, Restaurants & Leisure — 0.6%** | **Hotels, Restaurants & Leisure — 0.6%** | **Hotels, Restaurants & Leisure — 0.6%** | **Hotels, Restaurants & Leisure — 0.6%** |
| Aimbridge Acquisition Co., Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 1st Lien Second Out Term Loan, (1-mo. CME <br> Term SOFR at 1.00% Floor + 1.61%, 6.00% PIK), <br> 11.76%, 03/11/30<sup>(i)</sup><br>|  | 27 | &nbsp;&nbsp; 27123 |

---

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Hotels, Restaurants & Leisure (continued)** | **Hotels, Restaurants & Leisure (continued)** | **Hotels, Restaurants & Leisure (continued)** | **Hotels, Restaurants & Leisure (continued)** |
| Aimbridge Acquisition Co., Inc. (continued) |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 First Out Term Loan, (1-mo. CME Term SOFR <br> at 1.00% Floor + 5.61%), 9.76%, 03/11/30<br>| USD | 30 | &nbsp;&nbsp; $29619 |
| &nbsp;&nbsp;&nbsp; Alterra Mountain Co., 2025 Term Loan B8, (1-mo. CME <br> Term SOFR at 0.00% Floor + 2.50%), 6.66%, <br> 05/31/30<br>|  | 161 | &nbsp;&nbsp; 161549 |
| &nbsp;&nbsp;&nbsp; Burger King (Restaurant Brands International Inc.)/New <br> Red Finance, Inc., 2024 Term Loan B6, (1-mo. CME <br> Term SOFR at 0.00% Floor + 1.75%), 5.91%, <br> 09/20/30<br>|  | 293 | &nbsp;&nbsp; 291628 |
| Caesars Entertainment, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan B1, (1-mo. CME Term SOFR + <br> 2.25%), 6.41%, 02/06/31<br>|  | 535 | &nbsp;&nbsp; 533559 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Term Loan B, (1-mo. CME Term SOFR + 2.25%), <br> 6.41%, 02/06/30<br>|  | 114 | &nbsp;&nbsp; 113713 |
| &nbsp;&nbsp;&nbsp; EOC Borrower LLC, Term Loan B, (1-mo. CME Term <br> SOFR at 0.00% Floor + 3.00%), 7.16%, 03/24/32<br>|  | 474 | &nbsp;&nbsp; 473576 |
| &nbsp;&nbsp;&nbsp; Fertitta Entertainment LLC/NV, 2022 Term Loan B, (1-<br> mo. CME Term SOFR at 0.50% Floor + 3.25%), <br> 7.41%, 01/27/29<br>|  | 656 | &nbsp;&nbsp; 655407 |
| Flutter Financing BV |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan B, (3-mo. CME Term SOFR at <br> 0.50% Floor + 1.75%), 5.75%, 11/30/30<br>|  | 455 | &nbsp;&nbsp; 452964 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B, (3-mo. CME Term SOFR at <br> 0.50% Floor + 2.00%), 6.00%, 06/04/32<br>|  | 174 | &nbsp;&nbsp; 173228 |
| &nbsp;&nbsp;&nbsp; Four Seasons Hotels Ltd., 2025 Term Loan B, (1-mo. <br> CME Term SOFR at 0.50% Floor + 1.75%), 5.91%, <br> 09/22/32<br>|  | 432 | &nbsp;&nbsp; 432399 |
| &nbsp;&nbsp;&nbsp; Great Canadian Gaming Corp., 2024 Term Loan B, (3-<br> mo. CME Term SOFR at 0.00% Floor + 4.75%), <br> 8.75%, 11/01/29<br>|  | 117 | &nbsp;&nbsp; 112055 |
| &nbsp;&nbsp;&nbsp; Herschend Entertainment Co. LLC, 2025 Term Loan B, <br> (1-mo. CME Term SOFR at 0.00% Floor + 3.25%), <br> 7.41%, 05/27/32<br>|  | 123 | &nbsp;&nbsp; 123025 |
| &nbsp;&nbsp;&nbsp; Hilton Domestic Operating Co., Inc., 2023 Term Loan <br> B4, (1-mo. CME Term SOFR + 1.75%), 5.91%, <br> 11/08/30<br>|  | 330 | &nbsp;&nbsp; 330522 |
| &nbsp;&nbsp;&nbsp; IRB Holding Corp., 2024 1st Lien Term Loan B, (1-mo. <br> CME Term SOFR at 0.75% Floor + 2.50%), 6.66%, <br> 12/15/27<br>|  | 233 | &nbsp;&nbsp; 233053 |
| &nbsp;&nbsp;&nbsp; Light & Wonder International, Inc., 2024 Term Loan B2, <br> (1-mo. CME Term SOFR at 0.50% Floor + 2.25%), <br> 6.39%, 04/14/29<br>|  | 197 | &nbsp;&nbsp; 197009 |
| &nbsp;&nbsp;&nbsp; Motion Finco SARL, 2024 USD Term Loan B, (3-mo. <br> CME Term SOFR at 0.00% Floor + 3.50%), 7.50%, <br> 11/12/29<br>|  | 254 | &nbsp;&nbsp; 227063 |
| &nbsp;&nbsp;&nbsp; Ontario Gaming GTA LP, Term Loan B, (3-mo. CME <br> Term SOFR at 0.50% Floor + 4.25%), 8.24%, <br> 08/01/30<br>|  | 60 | &nbsp;&nbsp; 58330 |
| &nbsp;&nbsp;&nbsp; Penn Entertainment, Inc., 2022 Term Loan B, (1-mo. <br> CME Term SOFR at 0.50% Floor + 2.50%), 6.66%, <br> 05/03/29<br>|  | 190 | &nbsp;&nbsp; 189568 |
| Sabre GLBL, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 Term Loan B1, (1-mo. CME Term SOFR at <br> 0.50% Floor + 3.61%), 7.78%, 12/17/27<br>|  | 28 | &nbsp;&nbsp; 26385 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 Term Loan B2, (1-mo. CME Term SOFR at <br> 0.50% Floor + 3.61%), 7.78%, 12/17/27<br>|  | 9 | &nbsp;&nbsp; 8638 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 1st Lien Term Loan B, (1-mo. CME Term SOFR <br> + 5.10%), 9.26%, 06/30/28<br>|  | 4 | &nbsp;&nbsp; 3627 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan B1, (1-mo. CME Term SOFR at <br> 0.50% Floor + 6.10%), 10.26%, 11/15/29<sup>(d)</sup><br>|  | 73 | &nbsp;&nbsp; 68358 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan B2, (1-mo. CME Term SOFR at <br> 0.50% Floor + 6.10%), 10.26%, 11/15/29<sup>(d)</sup><br>|  | 39 | &nbsp;&nbsp; 36569 |

---

------

Schedule of Investments (unaudited)(continued)

September 30, 2025

**BlackRock Credit Allocation Income Trust (BTZ)** 

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

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Hotels, Restaurants & Leisure (continued)** | **Hotels, Restaurants & Leisure (continued)** | **Hotels, Restaurants & Leisure (continued)** | **Hotels, Restaurants & Leisure (continued)** |
| &nbsp;&nbsp;&nbsp; SeaWorld Parks & Entertainment, Inc., 2024 Term Loan <br> B3, (1-mo. CME Term SOFR at 0.50% Floor + <br> 2.00%), 6.16%, 12/04/31<br>| USD | 54 | &nbsp;&nbsp; $54415 |
| &nbsp;&nbsp;&nbsp; Six Flags Entertainment Corp., 2024 Term Loan B, (1-<br> mo. CME Term SOFR at 0.00% Floor + 2.00%), <br> 6.16%, 05/01/31<br>|  | 54 | &nbsp;&nbsp; 53473 |
| &nbsp;&nbsp;&nbsp; Station Casinos LLC, 2024 Term Loan B, (1-mo. CME <br> Term SOFR at 0.00% Floor + 2.00%), 6.16%, <br> 03/14/31<br>|  | 340 | &nbsp;&nbsp; 339703 |
| Turquoise Topco Ltd., Term Loan B, 08/13/32<sup>(n)</sup> |  | 103 | &nbsp;&nbsp; 103065 |
| &nbsp;&nbsp;&nbsp; Voyager Parent LLC, Term Loan B, (3-mo. CME Term <br> SOFR at 0.00% Floor + 4.75%), 8.75%, 07/01/32<br>|  | 160 | &nbsp;&nbsp; 160219 |
| &nbsp;&nbsp;&nbsp; Whatabrands LLC, 2024 1st Lien Term Loan B, (1-mo. <br> CME Term SOFR at 0.50% Floor + 2.50%), 6.66%, <br> 08/03/28<br>|  | 151 | &nbsp;&nbsp; 151337 |
| &nbsp;&nbsp;&nbsp; Wyndham Hotels & Resorts, Inc., 2024 Term Loan, (1-<br> mo. CME Term SOFR at 0.00% Floor + 1.75%), <br> 5.91%, 05/24/30<br>|  | 157 | &nbsp;&nbsp; 157272 |
|  |  |  | &nbsp;&nbsp; 5978451 |
| **Household Durables — 0.1%** | **Household Durables — 0.1%** | **Household Durables — 0.1%** | **Household Durables — 0.1%** |
| &nbsp;&nbsp;&nbsp; AI Aqua Merger Sub, Inc., 2024 1st Lien Term Loan B, <br> (1-mo. CME Term SOFR at 0.50% Floor + 3.00%), <br> 7.28%, 07/31/28<br>|  | 315 | &nbsp;&nbsp; 315866 |
| &nbsp;&nbsp;&nbsp; Hunter Douglas, Inc., 2025 USD Term Loan B, (3-mo. <br> CME Term SOFR at 0.50% Floor + 3.25%), 7.25%, <br> 01/20/32<br>|  | 287 | &nbsp;&nbsp; 287259 |
| &nbsp;&nbsp;&nbsp; Somnigroup International, Inc., Term Loan B, (1-mo. <br> SOFR + 2.25%), 6.37%, 10/24/31<br>|  | 80 | &nbsp;&nbsp; 80337 |
| Springs Windows Fashions LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 First Lien Second Out Term Loan A2, (1-mo. <br> CME Term SOFR at 1.00% Floor + 4.11%), 8.28%, <br> 10/06/28<br>|  | 74 | &nbsp;&nbsp; 60251 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 FLFO A1 Term Loan, (1-mo. CME Term SOFR <br> at 1.00% Floor + 4.50%), 8.66%, 12/19/29<br>|  | 31 | &nbsp;&nbsp; 30612 |
| Weber-Stephen Products LLC |  |  |  |
| &nbsp;&nbsp;&nbsp; 2025 Term Loan B, 09/17/32<sup>(n)</sup> |  | 206 | &nbsp;&nbsp; 203682 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Term Loan B, (1-mo. CME Term SOFR at 0.75% <br> Floor + 3.25%), 7.53%, 10/30/27<br>|  | 126 | &nbsp;&nbsp; 124381 |
|  |  |  | &nbsp;&nbsp; 1102388 |
| **Household Products — 0.0%** | **Household Products — 0.0%** | **Household Products — 0.0%** | **Household Products — 0.0%** |
| &nbsp;&nbsp;&nbsp; Lavender U.S. HoldCo 1, Inc., USD Term Loan, <br> 09/27/32<sup>(d)(n)</sup><br>|  | 116 | &nbsp;&nbsp; 116000 |
| &nbsp;&nbsp;&nbsp; Reynolds Consumer Products LLC, 2025 Term Loan B, <br> (1-mo. CME Term SOFR at 0.00% Floor + 1.75%), <br> 5.91%, 03/04/32<br>|  | 37 | &nbsp;&nbsp; 36870 |
|  |  |  | &nbsp;&nbsp; 152870 |
| **Independent Power and Renewable Electricity Producers — 0.1%** | **Independent Power and Renewable Electricity Producers — 0.1%** | **Independent Power and Renewable Electricity Producers — 0.1%** | **Independent Power and Renewable Electricity Producers — 0.1%** |
| &nbsp;&nbsp;&nbsp; Calpine Construction Finance Co. LP, 2023 Refinancing <br> Term Loan B, (1-mo. CME Term SOFR at 0.00% <br> Floor + 2.00%), 6.16%, 07/31/30<br>|  | 230 | &nbsp;&nbsp; 230236 |
| &nbsp;&nbsp;&nbsp; Calpine Corp., 2024 Term Loan B10, (1-mo. CME Term <br> SOFR at 0.00% Floor + 1.75%), 5.91%, 01/31/31<br>|  | 104 | &nbsp;&nbsp; 103478 |
| &nbsp;&nbsp;&nbsp; NRG Energy, Inc., 2024 Term Loan, (3-mo. CME Term <br> SOFR at 0.00% Floor + 1.75%), 6.06%, 04/16/31<br>|  | 464 | &nbsp;&nbsp; 464331 |
|  |  |  | &nbsp;&nbsp; 798045 |

---

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Insurance — 0.6%** | **Insurance — 0.6%** | **Insurance — 0.6%** | **Insurance — 0.6%** |
| &nbsp;&nbsp;&nbsp; Alliant Holdings Intermediate LLC, 2025 Term Loan B, <br> (1-mo. CME Term SOFR at 0.00% Floor + 2.50%), <br> 6.67%, 09/19/31<br>| USD | 1029 | &nbsp;&nbsp; $1026077 |
| &nbsp;&nbsp;&nbsp; AmWINS Group, Inc., 2025 Term Loan B, (3-mo. CME <br> Term SOFR at 0.75% Floor + 2.25%), 6.25%, <br> 01/30/32<br>|  | 451 | &nbsp;&nbsp; 450297 |
| &nbsp;&nbsp;&nbsp; Amynta Agency Borrower, Inc., 2025 Term Loan B, (1-<br> mo. CME Term SOFR at 0.00% Floor + 2.75%), <br> 6.91%, 12/29/31<br>|  | 305 | &nbsp;&nbsp; 303864 |
| &nbsp;&nbsp;&nbsp; Ardonagh Group Finco Pty. Ltd., 2024 USD Term Loan <br> B, (3-mo. CME Term SOFR at 0.00% Floor + 2.75%), <br> 6.94%, 02/15/31<br>|  | 302 | &nbsp;&nbsp; 299752 |
| Asurion LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 2nd Lien Term Loan B3, (1-mo. CME Term <br> SOFR + 5.36%), 9.53%, 01/31/28<br>|  | 175 | &nbsp;&nbsp; 170187 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 Second Lien Term Loan B4, (1-mo. CME Term <br> SOFR + 5.36%), 9.53%, 01/20/29<br>|  | 44 | &nbsp;&nbsp; 42026 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 Term Loan B11, (1-mo. CME Term SOFR at <br> 0.00% Floor + 4.35%), 8.51%, 08/19/28<br>|  | 133 | &nbsp;&nbsp; 133325 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan B12, (1-mo. CME Term SOFR at <br> 0.00% Floor + 4.25%), 8.41%, 09/19/30<br>|  | 45 | &nbsp;&nbsp; 44585 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B13, (1-mo. CME Term SOFR at <br> 0.00% Floor + 4.25%), 8.41%, 09/19/30<br>|  | 417 | &nbsp;&nbsp; 414280 |
| &nbsp;&nbsp;&nbsp; Baldwin Insurance Group Holdings LLC, 2025 Term <br> Loan B2, (3-mo. CME Term SOFR at 0.00% Floor + <br> 2.50%), 6.64%, 05/26/31<br>|  | 125 | &nbsp;&nbsp; 125305 |
| &nbsp;&nbsp;&nbsp; Howden Group Holdings Ltd., 2024 USD Term Loan B, <br> (1-mo. CME Term SOFR at 0.50% Floor + 3.50%), <br> 7.66%, 04/18/30<br>|  | 25 | &nbsp;&nbsp; 24849 |
| &nbsp;&nbsp;&nbsp; HUB International Ltd., 2025 Term Loan B, (3-mo. CME <br> Term SOFR at 0.00% Floor + 2.25%), 6.58%, <br> 06/20/30<br>|  | 547 | &nbsp;&nbsp; 547750 |
| &nbsp;&nbsp;&nbsp; Hyperion Refinance SARL, 2025 USD Term Loan B, <br> (1-mo. CME Term SOFR at 0.50% Floor + 2.75%), <br> 6.91%, 02/15/31<br>|  | 282 | &nbsp;&nbsp; 281554 |
| &nbsp;&nbsp;&nbsp; Jones Deslauriers Insurance Management, Inc., <br> 2025 Term Loan B, (3-mo. CME Term SOFR at <br> 0.00% Floor + 2.75%), 7.06%, 03/15/30<br>|  | 141 | &nbsp;&nbsp; 140470 |
| &nbsp;&nbsp;&nbsp; OneDigital Borrower LLC, 2025 Repriced Term Loan, <br> (1-mo. CME Term SOFR at 0.50% Floor + 3.00%), <br> 7.16%, 07/02/31<br>|  | 33 | &nbsp;&nbsp; 32876 |
| &nbsp;&nbsp;&nbsp; Ryan Specialty LLC, 2024 USD Term Loan B, (1-mo. <br> CME Term SOFR at 0.00% Floor + 2.00%), 6.16%, <br> 09/15/31<br>|  | 305 | &nbsp;&nbsp; 304356 |
| &nbsp;&nbsp;&nbsp; Sedgwick Claims Management Services, Inc., <br> 2023 Term Loan B, (1-mo. CME Term SOFR at <br> 0.00% Floor + 2.50%), 6.66%, 07/31/31<br>|  | 504 | &nbsp;&nbsp; 503335 |
| Truist Insurance Holdings LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan B, (3-mo. CME Term SOFR at <br> 0.00% Floor + 2.75%), 6.75%, 05/06/31<br>|  | 571 | &nbsp;&nbsp; 570013 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2nd Lien Term Loan, (3-mo. CME Term SOFR at <br> 0.00% Floor + 4.75%), 8.75%, 05/06/32<br>|  | 56 | &nbsp;&nbsp; 57284 |
| USI, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan C, (3-mo. CME Term SOFR at <br> 0.00% Floor + 2.25%), 6.25%, 09/29/30<br>|  | 258 | &nbsp;&nbsp; 257986 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan D, (3-mo. CME Term SOFR at <br> 0.00% Floor + 2.25%), 6.25%, 11/21/29<br>|  | 425 | &nbsp;&nbsp; 424454 |
|  |  |  | &nbsp;&nbsp; 6154625 |

---

Schedule of Investments

------

Schedule of Investments (unaudited)(continued)

September 30, 2025

**BlackRock Credit Allocation Income Trust (BTZ)** 

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

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Interactive Media & Services — 0.1%** | **Interactive Media & Services — 0.1%** | **Interactive Media & Services — 0.1%** | **Interactive Media & Services — 0.1%** |
| MH Sub I LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 Term Loan, (3-mo. CME Term SOFR at 0.50% <br> Floor + 4.25%), 8.25%, 05/03/28<br>| USD | 93 | &nbsp;&nbsp; $89072 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan B4, (1-mo. CME Term SOFR at <br> 0.50% Floor + 4.25%), 8.41%, 12/31/31<br>|  | 79 | &nbsp;&nbsp; 72189 |
| &nbsp;&nbsp;&nbsp; Speedster Bidco GmbH, 2024 USD Term Loan B, (3-mo. <br> CME Term SOFR at 0.50% Floor + 3.25%), 7.24%, <br> 12/10/31<br>|  | 322 | &nbsp;&nbsp; 322585 |
|  |  |  | &nbsp;&nbsp; 483846 |
| **Internet Software & Services — 0.2%** | **Internet Software & Services — 0.2%** | **Internet Software & Services — 0.2%** | **Internet Software & Services — 0.2%** |
| &nbsp;&nbsp;&nbsp; Barracuda Networks, Inc., 2022 Term Loan, (3-mo. CME <br> Term SOFR at 0.50% Floor + 4.50%), 8.81%, <br> 08/15/29<br>|  | 166 | &nbsp;&nbsp; 138315 |
| &nbsp;&nbsp;&nbsp; CNT Holdings I Corp., 2025 Term Loan, (3-mo. CME <br> Term SOFR at 0.75% Floor + 2.25%), 6.56%, <br> 11/08/32<br>|  | 175 | &nbsp;&nbsp; 174361 |
| Gen Digital, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan B, (1-mo. CME Term SOFR + <br> 1.75%), 5.91%, 09/12/29<br>|  | 440 | &nbsp;&nbsp; 438533 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B, (1-mo. CME Term SOFR at <br> 0.50% Floor + 1.75%), 5.91%, 04/16/32<br>|  | 72 | &nbsp;&nbsp; 71479 |
| Go Daddy Operating Co. LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan B7, (1-mo. CME Term SOFR + <br> 1.75%), 5.91%, 05/30/31<br>|  | 206 | &nbsp;&nbsp; 206129 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan B8, (1-mo. CME Term SOFR at <br> 0.00% Floor + 1.75%), 5.91%, 11/09/29<br>|  | 212 | &nbsp;&nbsp; 212018 |
| Proofpoint, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan, (1-mo. CME Term SOFR at 0.50% <br> Floor + 3.00%), 7.16%, 08/31/28<br>|  | 429 | &nbsp;&nbsp; 429775 |
| &nbsp;&nbsp;&nbsp; 2025 Fungible Term Loan, 08/31/28<sup>(n)</sup> |  | 48 | &nbsp;&nbsp; 48125 |
| &nbsp;&nbsp;&nbsp; StubHub Holdco Sub LLC, 2024 Extended Term Loan B, <br> (1-mo. CME Term SOFR + 4.75%), 8.91%, 03/15/30<br>|  | 307 | &nbsp;&nbsp; 304121 |
|  |  |  | &nbsp;&nbsp; 2022856 |
| **IT Services — 0.3%** | **IT Services — 0.3%** | **IT Services — 0.3%** | **IT Services — 0.3%** |
| &nbsp;&nbsp;&nbsp; Amentum Holdings, Inc., 2024 Term Loan B, (1-mo. <br> CME Term SOFR at 0.00% Floor + 2.25%), 6.41%, <br> 09/29/31<br>|  | 178 | &nbsp;&nbsp; 178188 |
| Avalara, Inc., 2025 Term Loan, 03/26/32<sup>(n)</sup> |  | 15 | &nbsp;&nbsp; 14958 |
| &nbsp;&nbsp;&nbsp; Capstone Borrower, Inc., 2025 Term Loan B, (3-mo. <br> CME Term SOFR at 0.00% Floor + 2.75%), 6.75%, <br> 06/17/30<br>|  | 183 | &nbsp;&nbsp; 182484 |
| &nbsp;&nbsp;&nbsp; Clover Holdings 2 LLC, Term Loan B, (1-mo. CME Term <br> SOFR at 0.00% Floor + 3.75%), 7.94%, 12/09/31<br>|  | 497 | &nbsp;&nbsp; 497217 |
| &nbsp;&nbsp;&nbsp; Dayforce, Inc., 2025 Term Loan B, (3-mo. CME Term <br> SOFR at 0.00% Floor + 2.00%), 6.31%, 03/01/31<sup>(d)</sup><br>|  | 338 | &nbsp;&nbsp; 337852 |
| &nbsp;&nbsp;&nbsp; Finastra USA, Inc., 2025 1st Lien Term Loan, (3-mo. <br> CME Term SOFR at 0.00% Floor + 4.00%), 8.04%, <br> 07/30/32<br>|  | 532 | &nbsp;&nbsp; 529532 |
| &nbsp;&nbsp;&nbsp; Fortress Intermediate 3, Inc., 2025 Term Loan B, (1-mo. <br> CME Term SOFR at 0.00% Floor + 3.00%), 7.25%, <br> 06/27/31<br>|  | 79 | &nbsp;&nbsp; 79611 |
| Magenta Security Holdings LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 First Out Term Loan, (3-mo. CME Term SOFR <br> at 0.75% Floor + 7.01%), 11.32%, 07/27/28<br>|  | 49 | &nbsp;&nbsp; 40317 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 Second Out Term Loan, (3-mo. CME Term <br> SOFR at 0.75% Floor + 7.26%), 11.57%, 07/27/28<br>|  | 55 | &nbsp;&nbsp; 23623 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 Third Out Term Loan, (3-mo. CME Term SOFR <br> at 0.75% Floor + 6.51%), 10.82%, 07/27/28<sup>(e)(m)</sup><br>|  | 124 | &nbsp;&nbsp; 24682 |

---

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **IT Services (continued)** | **IT Services (continued)** | **IT Services (continued)** | **IT Services (continued)** |
| &nbsp;&nbsp;&nbsp; McAfee Corp., 2024 USD 1st Lien Term Loan B, (1-mo. <br> CME Term SOFR at 0.50% Floor + 3.00%), 7.22%, <br> 03/01/29<br>| USD | 253 | &nbsp;&nbsp; $240827 |
| &nbsp;&nbsp;&nbsp; Peraton Corp., Term Loan B, (1-mo. CME Term SOFR at <br> 0.75% Floor + 3.85%), 8.01%, 02/01/28<br>|  | 241 | &nbsp;&nbsp; 203060 |
| &nbsp;&nbsp;&nbsp; Polaris Newco LLC, USD Term Loan B, (3-mo. CME <br> Term SOFR at 0.50% Floor + 4.26%), 8.57%, <br> 06/02/28<br>|  | 208 | &nbsp;&nbsp; 199673 |
| &nbsp;&nbsp;&nbsp; Project Alpha Intermediate Holding, Inc., 2024 1st Lien <br> Term Loan B, (3-mo. CME Term SOFR at 0.50% <br> Floor + 3.25%), 7.25%, 10/26/30<br>|  | 119 | &nbsp;&nbsp; 119556 |
| &nbsp;&nbsp;&nbsp; Quartz Acquireco LLC, 2025 Term Loan B, (3-mo. CME <br> Term SOFR at 0.00% Floor + 2.25%), 6.25%, <br> 06/28/30<br>|  | 206 | &nbsp;&nbsp; 205292 |
| &nbsp;&nbsp;&nbsp; Skopima Consilio Parent LLC, 2024 Repriced Term <br> Loan, (1-mo. CME Term SOFR at 0.50% Floor + <br> 3.75%), 7.91%, 05/12/28<br>|  | 124 | &nbsp;&nbsp; 104840 |
| &nbsp;&nbsp;&nbsp; Tempo Acquisition LLC, 2025 Repriced Term Loan B, <br> (1-mo. CME Term SOFR at 0.00% Floor + 1.75%), <br> 5.91%, 08/31/28<br>|  | 125 | &nbsp;&nbsp; 121719 |
| &nbsp;&nbsp;&nbsp; X Corp., Term Loan, (3-mo. CME Term SOFR at 0.50% <br> Floor + 6.65%), 10.96%, 10/26/29<br>|  | 393 | &nbsp;&nbsp; 385263 |
|  |  |  | &nbsp;&nbsp; 3488694 |
| **Leisure Products — 0.0%** | **Leisure Products — 0.0%** | **Leisure Products — 0.0%** | **Leisure Products — 0.0%** |
| &nbsp;&nbsp;&nbsp; Bombardier Recreational Products, Inc., 2024 Term <br> Loan B4, 01/22/31<sup>(n)</sup><br>|  | 73 | &nbsp;&nbsp; 73046 |
| &nbsp;&nbsp;&nbsp; City Football Group Ltd., 2024 Term Loan, (1-mo. CME <br> Term SOFR at 0.50% Floor + 3.61%), 7.70%, <br> 07/22/30<br>|  | 175 | &nbsp;&nbsp; 175035 |
|  |  |  | &nbsp;&nbsp; 248081 |
| **Machinery — 0.3%** | **Machinery — 0.3%** | **Machinery — 0.3%** | **Machinery — 0.3%** |
| &nbsp;&nbsp;&nbsp; Arcline FM Holdings LLC, 2025 Term Loan, (6-mo. CME <br> Term SOFR at 0.75% Floor + 3.50%), 7.58%, <br> 06/24/30<br>|  | 130 | &nbsp;&nbsp; 129574 |
| &nbsp;&nbsp;&nbsp; Chart Industries, Inc., 2024 Term Loan B, (3-mo. CME <br> Term SOFR + 2.50%), 6.79%, 03/15/30<br>|  | 64 | &nbsp;&nbsp; 64563 |
| &nbsp;&nbsp;&nbsp; Columbus McKinnon Corp., 2024 Term Loan, (3-mo. <br> CME Term SOFR at 0.50% Floor + 2.50%), 6.50%, <br> 05/14/28<sup>(d)</sup><br>|  | 54 | &nbsp;&nbsp; 53834 |
| &nbsp;&nbsp;&nbsp; Generac Power Systems, Inc., 2024 Term Loan B, (1-<br> mo. CME Term SOFR at 0.00% Floor + 1.75%), <br> 6.03%, 07/03/31<br>|  | 40 | &nbsp;&nbsp; 39749 |
| &nbsp;&nbsp;&nbsp; GrafTech Global Enterprises, Inc., 2024 Term Loan, <br> (1-mo. CME Term SOFR at 2.00% Floor + 6.00%), <br> 10.16%, 12/21/29<br>|  | 145 | &nbsp;&nbsp; 147144 |
| &nbsp;&nbsp;&nbsp; Husky Injection Molding Systems Ltd., 2024 Term Loan <br> B, (1-mo. CME Term SOFR at 0.00% Floor + 3.75%), <br> 7.75%, 02/15/29<br>|  | 547 | &nbsp;&nbsp; 548514 |
| &nbsp;&nbsp;&nbsp; Indicor LLC, 2024 USD 1st Lien Term Loan B, (3-mo. <br> CME Term SOFR at 0.50% Floor + 2.75%), 6.75%, <br> 11/22/29<br>|  | 104 | &nbsp;&nbsp; 104396 |
| &nbsp;&nbsp;&nbsp; Madison Safety & Flow LLC, 2025 Term Loan B, (1-mo. <br> CME Term SOFR at 0.00% Floor + 2.75%), 6.91%, <br> 09/26/31<br>|  | 72 | &nbsp;&nbsp; 72037 |
| &nbsp;&nbsp;&nbsp; SPX Flow, Inc., 2025 Term Loan, (1-mo. CME Term <br> SOFR at 0.50% Floor + 2.75%), 6.91%, 04/05/29<br>|  | 377 | &nbsp;&nbsp; 378512 |

---

------

Schedule of Investments (unaudited)(continued)

September 30, 2025

**BlackRock Credit Allocation Income Trust (BTZ)** 

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

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Machinery (continued)** | **Machinery (continued)** | **Machinery (continued)** | **Machinery (continued)** |
| &nbsp;&nbsp;&nbsp; TK Elevator U.S. Newco, Inc., 2025 USD Term Loan B, <br> (6-mo. CME Term SOFR at 0.50% Floor + 3.00%), <br> 7.20%, 04/30/30<br>| USD | 343 | &nbsp;&nbsp; $344025 |
| &nbsp;&nbsp;&nbsp; Vertiv Group Corp., 2025 Term Loan, (1-mo. CME Term <br> SOFR at 0.00% Floor + 1.75%), 6.03%, 08/12/32<br>|  | 530 | &nbsp;&nbsp; 530541 |
| &nbsp;&nbsp;&nbsp; WEC U.S. Holdings, Inc., 2024 Term Loan, (1-mo. CME <br> Term SOFR at 0.00% Floor + 2.25%), 6.53%, <br> 01/27/31<br>|  | 254 | &nbsp;&nbsp; 253953 |
|  |  |  | &nbsp;&nbsp; 2666842 |
| **Media — 0.4%** | **Media — 0.4%** | **Media — 0.4%** | **Media — 0.4%** |
| Charter Communications Operating LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 Term Loan B4, (3-mo. CME Term SOFR at <br> 0.00% Floor + 2.00%), 6.29%, 12/07/30<br>|  | 154 | &nbsp;&nbsp; 153631 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan B5, (3-mo. CME Term SOFR at <br> 0.00% Floor + 2.25%), 6.54%, 12/15/31<br>|  | 149 | &nbsp;&nbsp; 148951 |
| &nbsp;&nbsp;&nbsp; Crown Finance U.S., Inc., 2025 Term Loan B, (1-mo. <br> CME Term SOFR at 0.00% Floor + 4.50%), 8.78%, <br> 12/02/31<br>|  | 134 | &nbsp;&nbsp; 133803 |
| CSC Holdings LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2019 Term Loan B5, (Prime + 1.50%), 8.75%, <br> 04/15/27<br>|  | 358 | &nbsp;&nbsp; 346405 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 Term Loan B6, (1-mo. CME Term SOFR at <br> 0.00% Floor + 4.50%), 8.65%, 01/18/28<br>|  | 58 | &nbsp;&nbsp; 57317 |
| &nbsp;&nbsp;&nbsp; DirecTV Financing LLC, Term Loan, (3-mo. CME Term <br> SOFR at 0.75% Floor + 5.26%), 9.57%, 08/02/27<br>|  | 16 | &nbsp;&nbsp; 15694 |
| &nbsp;&nbsp;&nbsp; DK Crown Holdings, Inc., 2025 Term Loan B, (1-mo. <br> CME Term SOFR at 0.00% Floor + 1.75%), 6.00%, <br> 03/04/32<br>|  | 263 | &nbsp;&nbsp; 262189 |
| &nbsp;&nbsp;&nbsp; ECL Entertainment LLC, 2025 Term Loan B, (1-mo. <br> CME Term SOFR at 0.00% Floor + 3.00%), 7.16%, <br> 08/30/30<br>|  | 93 | &nbsp;&nbsp; 92591 |
| &nbsp;&nbsp;&nbsp; Gray Television, Inc., 2024 Term Loan B, (1-mo. CME <br> Term SOFR + 5.25%), 9.53%, 06/04/29<br>|  | 1 | &nbsp;&nbsp; 900 |
| &nbsp;&nbsp;&nbsp; GVC Holdings Gibraltar Ltd., 2025 Term Loan <br> B5 (2032), 07/31/32<sup>(n)</sup><br>|  | 48 | &nbsp;&nbsp; 47904 |
| &nbsp;&nbsp;&nbsp; Learfield Communications LLC, 2024 Term Loan B, <br> (1-mo. CME Term SOFR at 0.00% Floor + 4.50%), <br> 8.66%, 06/30/28<br>|  | 122 | &nbsp;&nbsp; 123213 |
| &nbsp;&nbsp;&nbsp; Live Nation Entertainment, Inc., Term Loan B4, (1-mo. <br> CME Term SOFR at 0.00% Floor + 1.85%), 5.99%, <br> 10/19/26<br>|  | 213 | &nbsp;&nbsp; 213157 |
| &nbsp;&nbsp;&nbsp; Radiate Holdco LLC, 2025 FLFO Term Loan, (1-mo. <br> CME Term SOFR at 0.00% Floor + 3.61%, 1.50% <br> PIK), 9.28%, 09/25/29<sup>(i)</sup><br>|  | 943 | &nbsp;&nbsp; 759260 |
| &nbsp;&nbsp;&nbsp; Scientific Games Holdings LP, 2024 USD Term Loan B, <br> (3-mo. CME Term SOFR at 0.50% Floor + 3.00%), <br> 7.29%, 04/04/29<br>|  | 98 | &nbsp;&nbsp; 97326 |
| &nbsp;&nbsp;&nbsp; Telenet Financing USD LLC, 2020 USD Term Loan AR, <br> 04/30/28<sup>(n)</sup><br>|  | 45 | &nbsp;&nbsp; 44597 |
| &nbsp;&nbsp;&nbsp; UFC Holdings LLC, 1st Lien Term Loan B5, (3-mo. CME <br> Term SOFR at 0.00% Floor + 2.00%), 6.04%, <br> 11/21/31<br>|  | 477 | &nbsp;&nbsp; 477570 |
| &nbsp;&nbsp;&nbsp; Virgin Media Bristol LLC, 2020 USD Term Loan Q, (1-<br> mo. CME Term SOFR + 3.36%), 7.51%, 01/31/29<br>|  | 225 | &nbsp;&nbsp; 224784 |

---

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Media (continued)** | **Media (continued)** | **Media (continued)** | **Media (continued)** |
| &nbsp;&nbsp;&nbsp; WMG Acquisition Corp., 2024 Term Loan J, (3-mo. CME <br> Term SOFR at 0.00% Floor + 1.75%), 5.95%, <br> 01/24/31<br>| USD | 438 | &nbsp;&nbsp; $438276 |
| &nbsp;&nbsp;&nbsp; Ziggo Financing Partnership, USD Term Loan I, (1-mo. <br> CME Term SOFR at 0.00% Floor + 2.61%), 6.76%, <br> 04/30/28<br>|  | 116 | &nbsp;&nbsp; 115312 |
|  |  |  | &nbsp;&nbsp; 3752880 |
| **Metals & Mining — 0.0%** | **Metals & Mining — 0.0%** | **Metals & Mining — 0.0%** | **Metals & Mining — 0.0%** |
| &nbsp;&nbsp;&nbsp; AZZ, Inc., Term Loan B, (1-mo. CME Term SOFR + <br> 1.75%), 5.91%, 05/13/29<br>|  | 16 | &nbsp;&nbsp; 15747 |
| &nbsp;&nbsp;&nbsp; Covia Holdings LLC, 2025 Repriced Term Loan B, (3-<br> mo. CME Term SOFR at 0.00% Floor + 2.75%), <br> 6.95%, 02/26/32<br>|  | 56 | &nbsp;&nbsp; 56069 |
| &nbsp;&nbsp;&nbsp; Novelis Holdings, Inc., 2025 Term Loan B, (3-mo. CME <br> Term SOFR at 0.00% Floor + 1.75%), 5.75%, <br> 03/11/32<br>|  | 350 | &nbsp;&nbsp; 350755 |
|  |  |  | &nbsp;&nbsp; 422571 |
| **Oil, Gas & Consumable Fuels — 0.1%** | **Oil, Gas & Consumable Fuels — 0.1%** | **Oil, Gas & Consumable Fuels — 0.1%** | **Oil, Gas & Consumable Fuels — 0.1%** |
| Buckeye Partners LP |  |  |  |
| &nbsp;&nbsp;&nbsp; 2025 Term Loan B, 09/24/32<sup>(n)</sup> |  | 17 | &nbsp;&nbsp; 16935 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B2, (1-mo. CME Term SOFR at <br> 0.00% Floor + 1.75%), 5.91%, 11/22/30<br>|  | 45 | &nbsp;&nbsp; 44791 |
| &nbsp;&nbsp;&nbsp; Colossus Acquireco LLC, Term Loan B, (3-mo. SOFR + <br> 1.75%), 5.87%, 07/30/32<br>|  | 216 | &nbsp;&nbsp; 214615 |
| &nbsp;&nbsp;&nbsp; EG America LLC, 2025 USD Repriced Term Loan, (3-<br> mo. CME Term SOFR at 0.00% Floor + 3.50%), <br> 7.70%, 02/07/28<br>|  | 46 | &nbsp;&nbsp; 46747 |
| &nbsp;&nbsp;&nbsp; Freeport LNG Investments LLLP, 2025 Term Loan B, <br> (3-mo. CME Term SOFR at 0.50% Floor + 3.25%), <br> 7.58%, 12/21/28<br>|  | 285 | &nbsp;&nbsp; 285276 |
| &nbsp;&nbsp;&nbsp; GIP Pilot Acquisition Partners LP, 2025 Term Loan B, <br> (3-mo. CME Term SOFR at 0.00% Floor + 2.00%), <br> 6.29%, 10/04/30<br>|  | 33 | &nbsp;&nbsp; 32794 |
| &nbsp;&nbsp;&nbsp; Hilcorp Energy I LP, Term Loan B, (1-mo. CME Term <br> SOFR at 0.00% Floor + 2.00%), 6.15%, 02/11/30<br>|  | 112 | &nbsp;&nbsp; 112435 |
| &nbsp;&nbsp;&nbsp; M6 ETX Holdings II Midco LLC, 2025 Term Loan B, <br> (Prime + 2.00%), 9.25%, 04/01/32<br>|  | 84 | &nbsp;&nbsp; 83790 |
| &nbsp;&nbsp;&nbsp; Murphy USA, Inc., Term Loan B, (1-mo. CME Term <br> SOFR at 0.50% Floor + 1.75%), 6.03%, 04/07/32<br>|  | 44 | &nbsp;&nbsp; 44321 |
| &nbsp;&nbsp;&nbsp; Oryx Midstream Services Permian Basin LLC, <br> 2025 Term Loan B, (1-mo. CME Term SOFR at <br> 0.50% Floor + 2.25%), 6.42%, 10/05/28<br>|  | 357 | &nbsp;&nbsp; 356404 |
| &nbsp;&nbsp;&nbsp; Stakeholder Midstream LLC, Term Loan, (3-mo. CME <br> Term SOFR at 0.00% Floor + 4.00%), 8.04%, <br> 01/01/31<br>|  | 90 | &nbsp;&nbsp; 89887 |
| &nbsp;&nbsp;&nbsp; Whitewater Matterhorn Holdings LLC, 2025 Term Loan <br> B, (3-mo. CME Term SOFR at 0.00% Floor + 2.25%), <br> 6.25%, 06/16/32<br>|  | 36 | &nbsp;&nbsp; 35961 |
|  |  |  | &nbsp;&nbsp; 1363956 |
| **Passenger Airlines — 0.1%** | **Passenger Airlines — 0.1%** | **Passenger Airlines — 0.1%** | **Passenger Airlines — 0.1%** |
| &nbsp;&nbsp;&nbsp; AAdvantage Loyalty IP Ltd., 2025 Term Loan B, (3-mo. <br> CME Term SOFR at 0.00% Floor + 3.25%), 7.58%, <br> 05/28/32<br>|  | 92 | &nbsp;&nbsp; 92114 |
| &nbsp;&nbsp;&nbsp; Air Canada, 2024 Term Loan B, (1-mo. CME Term <br> SOFR at 0.00% Floor + 2.00%), 6.17%, 03/21/31<br>|  | 211 | &nbsp;&nbsp; 210780 |

---

Schedule of Investments

------

Schedule of Investments (unaudited)(continued)

September 30, 2025

**BlackRock Credit Allocation Income Trust (BTZ)** 

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

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Passenger Airlines (continued)** | **Passenger Airlines (continued)** | **Passenger Airlines (continued)** | **Passenger Airlines (continued)** |
| American Airlines, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series AA, 2017 1st Lien Term Loan, (6-mo. CME <br> Term SOFR at 0.00% Floor + 1.85%), 5.98%, <br> 01/29/27<br>| USD | 106 | &nbsp;&nbsp; $105438 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 1st Lien Term Loan, (6-mo. CME Term SOFR at <br> 0.00% Floor + 2.25%), 6.26%, 06/04/29<br>|  | 166 | &nbsp;&nbsp; 165956 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 1st Lien Term Loan B, (6-mo. CME Term SOFR <br> at 0.00% Floor + 2.25%), 6.50%, 02/15/28<br>|  | 159 | &nbsp;&nbsp; 158658 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan, (3-mo. CME Term SOFR at 0.00% <br> Floor + 2.25%), 6.58%, 04/20/28<br>|  | 155 | &nbsp;&nbsp; 154444 |
| &nbsp;&nbsp;&nbsp; JetBlue Airways Corp., 2024 Term Loan B, (3-mo. CME <br> Term SOFR at 0.50% Floor + 4.75%), 8.75%, <br> 08/27/29<br>|  | 151 | &nbsp;&nbsp; 144407 |
| &nbsp;&nbsp;&nbsp; United Airlines, Inc., 2024 1st Lien Term Loan B, (3-mo. <br> CME Term SOFR at 0.00% Floor + 2.00%), 6.20%, <br> 02/22/31<br>|  | 146 | &nbsp;&nbsp; 147009 |
|  |  |  | &nbsp;&nbsp; 1178806 |
| **Personal Care Products — 0.0%** | **Personal Care Products — 0.0%** | **Personal Care Products — 0.0%** | **Personal Care Products — 0.0%** |
| &nbsp;&nbsp;&nbsp; ACP Tara Holdings, Inc., 2025 Term Loan B, <br> 09/17/32<sup>(d)(n)</sup><br>|  | 35 | &nbsp;&nbsp; 35000 |
| &nbsp;&nbsp;&nbsp; Opal U.S. LLC, USD Term Loan B, (3-mo. CME Term <br> SOFR at 0.00% Floor + 3.25%), 7.25%, 04/28/32<br>|  | 250 | &nbsp;&nbsp; 250500 |
|  |  |  | &nbsp;&nbsp; 285500 |
| **Pharmaceuticals — 0.1%** | **Pharmaceuticals — 0.1%** | **Pharmaceuticals — 0.1%** | **Pharmaceuticals — 0.1%** |
| &nbsp;&nbsp;&nbsp; Amneal Pharmaceuticals LLC, 2025 Term Loan B, (1-<br> mo. CME Term SOFR at 0.50% Floor + 3.50%), <br> 7.66%, 08/01/32<br>|  | 294 | &nbsp;&nbsp; 293509 |
| &nbsp;&nbsp;&nbsp; Elanco Animal Health, Inc., Term Loan B, (1-mo. CME <br> Term SOFR + 1.85%), 6.13%, 08/01/27<br>|  | 150 | &nbsp;&nbsp; 149500 |
| &nbsp;&nbsp;&nbsp; Endo Finance Holdings, Inc., 2024 1st Lien Term Loan, <br> 04/23/31<sup>(n)</sup><br>|  | 85 | &nbsp;&nbsp; 84910 |
| &nbsp;&nbsp;&nbsp; Gainwell Acquisition Corp., Term Loan B, (3-mo. CME <br> Term SOFR at 0.75% Floor + 4.10%), 8.10%, <br> 10/01/27<br>|  | 109 | &nbsp;&nbsp; 107761 |
| &nbsp;&nbsp;&nbsp; Jazz Financing Lux SARL, 2024 1st Lien Term Loan B2, <br> (1-mo. CME Term SOFR + 2.25%), 6.41%, 05/05/28<br>|  | 276 | &nbsp;&nbsp; 276135 |
| &nbsp;&nbsp;&nbsp; Option Care Health, Inc., 2025 Term Loan B, (1-mo. <br> CME Term SOFR at 0.00% Floor + 1.75%), 5.89%, <br> 09/16/32<br>|  | 211 | &nbsp;&nbsp; 210775 |
| &nbsp;&nbsp;&nbsp; Organon & Co., 2024 USD Term Loan, (1-mo. CME <br> Term SOFR at 0.50% Floor + 2.25%), 6.41%, <br> 05/19/31<br>|  | 74 | &nbsp;&nbsp; 72466 |
| &nbsp;&nbsp;&nbsp; Perrigo Investments LLC, 2024 Term Loan B, (1-mo. <br> CME Term SOFR at 0.00% Floor + 2.00%), 6.16%, <br> 04/20/29<br>|  | 81 | &nbsp;&nbsp; 80534 |
| &nbsp;&nbsp;&nbsp; PRA Health Sciences, Inc., 2024 US Term Loan B, (3-<br> mo. CME Term SOFR at 0.50% Floor + 2.00%), <br> 6.00%, 07/03/28<br>|  | 14 | &nbsp;&nbsp; 13890 |
| &nbsp;&nbsp;&nbsp; Vizient, Inc., 2024 Term Loan B, (1-mo. CME Term <br> SOFR at 0.50% Floor + 1.75%), 5.91%, 08/01/31<br>|  | 57 | &nbsp;&nbsp; 57029 |
|  |  |  | &nbsp;&nbsp; 1346509 |
| **Professional Services — 0.0%** | **Professional Services — 0.0%** | **Professional Services — 0.0%** | **Professional Services — 0.0%** |
| Deep Blue Operating I LLC, Term Loan, 09/17/32<sup>(n)</sup> |  | 40 | &nbsp;&nbsp; 40000 |

---

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Real Estate Management & Development — 0.0%** | **Real Estate Management & Development — 0.0%** | **Real Estate Management & Development — 0.0%** | **Real Estate Management & Development — 0.0%** |
| CoreLogic, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2nd Lien Term Loan, (1-mo. CME Term SOFR + <br> 6.61%), 10.78%, 06/04/29<br>| USD | 90 | &nbsp;&nbsp; $89297 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Term Loan, (1-mo. CME Term SOFR at 0.50% Floor + <br> 3.61%), 7.78%, 06/02/28<br>|  | 265 | &nbsp;&nbsp; 264916 |
| &nbsp;&nbsp;&nbsp; Cushman & Wakefield U.S. Borrower LLC, 2025 Term <br> Loan B3, (1-mo. CME Term SOFR at 0.50% Floor + <br> 2.75%), 6.91%, 01/31/30<br>|  | 70 | &nbsp;&nbsp; 70247 |
|  |  |  | &nbsp;&nbsp; 424460 |
| **Semiconductors & Semiconductor Equipment — 0.0%** | **Semiconductors & Semiconductor Equipment — 0.0%** | **Semiconductors & Semiconductor Equipment — 0.0%** | **Semiconductors & Semiconductor Equipment — 0.0%** |
| &nbsp;&nbsp;&nbsp; Entegris, Inc., 2023 Term Loan B, (1-mo. CME Term <br> SOFR at 0.00% Floor + 1.75%), 5.79%, 07/06/29<br>|  | 76 | &nbsp;&nbsp; 75845 |
| &nbsp;&nbsp;&nbsp; MKS Instruments, Inc., 2025 USD Repriced Term Loan, <br> (1-mo. CME Term SOFR at 0.50% Floor + 2.00%), <br> 6.17%, 08/17/29<br>|  | 316 | &nbsp;&nbsp; 315906 |
|  |  |  | &nbsp;&nbsp; 391751 |
| **Software — 0.9%** | **Software — 0.9%** | **Software — 0.9%** | **Software — 0.9%** |
| &nbsp;&nbsp;&nbsp; Applied Systems, Inc., 2024 1st Lien Term Loan, (3-mo. <br> CME Term SOFR at 0.00% Floor + 2.25%), 6.25%, <br> 02/24/31<br>|  | 505 | &nbsp;&nbsp; 504942 |
| &nbsp;&nbsp;&nbsp; AthenaHealth Group, Inc., 2022 Term Loan B, (1-mo. <br> CME Term SOFR at 0.50% Floor + 2.75%), 6.91%, <br> 02/15/29<br>|  | 560 | &nbsp;&nbsp; 559127 |
| &nbsp;&nbsp;&nbsp; BCPE Pequod Buyer, Inc., USD Term Loan B, (1-mo. <br> CME Term SOFR at 0.00% Floor + 3.00%), 7.16%, <br> 11/25/31<br>|  | 173 | &nbsp;&nbsp; 172783 |
| &nbsp;&nbsp;&nbsp; Boxer Parent Co., Inc., 2025 USD Term Loan B, (3-mo. <br> CME Term SOFR at 0.00% Floor + 3.00%), 7.20%, <br> 07/30/31<br>|  | 452 | &nbsp;&nbsp; 450766 |
| &nbsp;&nbsp;&nbsp; CCC Intelligent Solutions, Inc., Term Loan, (1-mo. CME <br> Term SOFR + 2.00%), 6.16%, 01/23/32<br>|  | 437 | &nbsp;&nbsp; 436850 |
| &nbsp;&nbsp;&nbsp; Central Parent LLC, 2024 Term Loan B, (3-mo. CME <br> Term SOFR at 0.00% Floor + 3.25%), 7.25%, <br> 07/06/29<br>|  | 382 | &nbsp;&nbsp; 329825 |
| &nbsp;&nbsp;&nbsp; Clearwater Analytics LLC, 2025 Term Loan B, (6-mo. <br> CME Term SOFR at 0.00% Floor + 2.25%), 6.46%, <br> 04/21/32<br>|  | 131 | &nbsp;&nbsp; 131000 |
| Cloud Software Group, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B (2031), (3-mo. CME Term SOFR <br> at 0.00% Floor + 3.25%), 7.25%, 03/21/31<br>|  | 368 | &nbsp;&nbsp; 369484 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B (2032), (3-mo. CME Term SOFR <br> at 0.00% Floor + 3.25%), 7.25%, 08/13/32<br>|  | 619 | &nbsp;&nbsp; 620826 |
| &nbsp;&nbsp;&nbsp; Cloudera, Inc., 2021 Term Loan, (1-mo. CME Term <br> SOFR at 0.50% Floor + 3.85%), 8.01%, 10/08/28<br>|  | 88 | &nbsp;&nbsp; 86468 |
| &nbsp;&nbsp;&nbsp; Cotiviti, Inc., 2024 Term Loan, (1-mo. CME Term SOFR <br> + 2.75%), 7.03%, 05/01/31<br>|  | 415 | &nbsp;&nbsp; 406839 |
| &nbsp;&nbsp;&nbsp; DS Admiral Bidco LLC, 2024 Term Loan B, (1-mo. CME <br> Term SOFR + 4.25%), 8.41%, 06/26/31<br>|  | 89 | &nbsp;&nbsp; 88539 |
| Ellucian Holdings, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 1st Lien Term Loan B, (1-mo. CME Term SOFR <br> at 0.50% Floor + 2.75%), 6.91%, 10/09/29<br>|  | 439 | &nbsp;&nbsp; 439123 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 2nd Lien Term Loan, (1-mo. CME Term SOFR <br> at 0.50% Floor + 4.75%), 8.91%, 11/22/32<br>|  | 71 | &nbsp;&nbsp; 72479 |
| &nbsp;&nbsp;&nbsp; Epicor Software Corp., 2024 Term Loan F, (1-mo. CME <br> Term SOFR at 0.75% Floor + 2.50%), 6.66%, <br> 05/30/31<br>|  | 429 | &nbsp;&nbsp; 429330 |

---

------

Schedule of Investments (unaudited)(continued)

September 30, 2025

**BlackRock Credit Allocation Income Trust (BTZ)** 

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

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Software (continued)** | **Software (continued)** | **Software (continued)** | **Software (continued)** |
| &nbsp;&nbsp;&nbsp; Genesys Cloud Services, Inc., 2025 USD Term Loan B, <br> (1-mo. CME Term SOFR at 0.00% Floor + 2.50%), <br> 6.66%, 01/30/32<br>| USD | 736 | &nbsp;&nbsp; $730619 |
| &nbsp;&nbsp;&nbsp; Informatica LLC, 2024 Term Loan B, (1-mo. CME Term <br> SOFR at 0.00% Floor + 2.25%), 6.41%, 10/27/28<br>|  | 174 | &nbsp;&nbsp; 173995 |
| &nbsp;&nbsp;&nbsp; Kaseya, Inc., 2025 1st Lien Term Loan B, (1-mo. CME <br> Term SOFR at 0.00% Floor + 3.25%), 7.41%, <br> 03/20/32<br>|  | 433 | &nbsp;&nbsp; 433294 |
| Mitchell International, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 1st Lien Term Loan, (1-mo. CME Term SOFR at <br> 0.50% Floor + 3.25%), 7.41%, 06/17/31<br>|  | 322 | &nbsp;&nbsp; 321345 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 2nd Lien Term Loan, (1-mo. CME Term SOFR + <br> 5.25%), 9.41%, 06/17/32<br>|  | 46 | &nbsp;&nbsp; 45402 |
| &nbsp;&nbsp;&nbsp; Modena Buyer LLC, Term Loan, (3-mo. CME Term <br> SOFR at 0.00% Floor + 4.50%), 8.81%, 07/01/31<br>|  | 74 | &nbsp;&nbsp; 73341 |
| &nbsp;&nbsp;&nbsp; Planview Parent, Inc., 2024 1st Lien Term Loan, (3-mo. <br> CME Term SOFR at 0.00% Floor + 3.50%), 7.50%, <br> 12/17/27<br>|  | 45 | &nbsp;&nbsp; 44742 |
| &nbsp;&nbsp;&nbsp; PointClickCare Technologies, Inc., 2025 Term Loan B, <br> (3-mo. CME Term SOFR at 0.00% Floor + 2.75%), <br> 6.75%, 11/03/31<br>|  | 130 | &nbsp;&nbsp; 129921 |
| &nbsp;&nbsp;&nbsp; Project Boost Purchaser LLC, 2025 Refinancing Term <br> Loan, (3-mo. CME Term SOFR at 0.00% Floor + <br> 2.75%), 7.07%, 07/16/31<br>|  | 296 | &nbsp;&nbsp; 295414 |
| &nbsp;&nbsp;&nbsp; RealPage, Inc., 1st Lien Term Loan, (3-mo. CME Term <br> SOFR + 3.26%), 7.26%, 04/24/28<br>|  | 228 | &nbsp;&nbsp; 227174 |
| &nbsp;&nbsp;&nbsp; SS&C Technologies, Inc., 2024 Term Loan B8, (1-mo. <br> CME Term SOFR at 0.00% Floor + 2.00%), 6.16%, <br> 05/09/31<br>|  | 439 | &nbsp;&nbsp; 440009 |
| &nbsp;&nbsp;&nbsp; UKG, Inc., 2024 Term Loan B, (3-mo. CME Term SOFR <br> at 0.00% Floor + 2.50%), 6.81%, 02/10/31<br>|  | 543 | &nbsp;&nbsp; 542530 |
| &nbsp;&nbsp;&nbsp; VS Buyer LLC, 2025 Term Loan B, (3-mo. CME Term <br> SOFR at 0.00% Floor + 2.25%), 6.56%, 04/12/31<br>|  | 391 | &nbsp;&nbsp; 389977 |
| Waystar Technologies, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 2025 Add-on Term Loan B, 10/22/29<sup>(n)</sup> |  | 64 | &nbsp;&nbsp; 64401 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B, (1-mo. CME Term SOFR at <br> 0.00% Floor + 2.00%), 6.16%, 10/22/29<br>|  | 195 | &nbsp;&nbsp; 194667 |
| &nbsp;&nbsp;&nbsp; X.AI Corp., Term Loan, (6-mo. CME Term SOFR at <br> 0.00% Floor + 7.25%), 11.12%, 06/28/30<br>|  | 133 | &nbsp;&nbsp; 128202 |
| Zelis Payments Buyer, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5th Amendment Term Loan, (1-mo. CME Term SOFR <br> at 0.00% Floor + 3.25%), 7.41%, 11/26/31<br>|  | 300 | &nbsp;&nbsp; 299585 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Term Loan B, (1-mo. CME Term SOFR + 2.75%), <br> 6.91%, 09/28/29<br>|  | 160 | &nbsp;&nbsp; 159129 |
|  |  |  | &nbsp;&nbsp; 9792128 |
| **Specialty Retail — 0.0%** | **Specialty Retail — 0.0%** | **Specialty Retail — 0.0%** | **Specialty Retail — 0.0%** |
| &nbsp;&nbsp;&nbsp; LS Group OpCo Acquistion LLC, 2025 Term Loan B, <br> (1-mo. CME Term SOFR at 0.00% Floor + 2.50%), <br> 6.70%, 04/23/31<br>|  | 129 | &nbsp;&nbsp; 128622 |
| Restoration Hardware, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 Incremental Term Loan, (1-mo. CME Term <br> SOFR at 0.50% Floor + 3.35%), 7.51%, 10/20/28<br>|  | 38 | &nbsp;&nbsp; 37006 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Term Loan B, (1-mo. CME Term SOFR at 0.50% <br> Floor + 2.61%), 6.78%, 10/20/28<br>|  | 89 | &nbsp;&nbsp; 86332 |
|  |  |  | &nbsp;&nbsp; 251960 |

---

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Technology Hardware, Storage & Peripherals — 0.0%** | **Technology Hardware, Storage & Peripherals — 0.0%** | **Technology Hardware, Storage & Peripherals — 0.0%** | **Technology Hardware, Storage & Peripherals — 0.0%** |
| Cubic Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 Second Out Term Loan B, (3-mo. CME Term <br> SOFR at 0.75% Floor + 4.51%), 8.83%, 05/25/29<br>| USD | 499 | &nbsp;&nbsp; $284298 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 Second Out Term Loan C, (3-mo. CME Term <br> SOFR at 0.75% Floor + 4.51%), 8.57%, 05/25/29<br>|  | 54 | &nbsp;&nbsp; 30937 |
|  |  |  | &nbsp;&nbsp; 315235 |
| **Textiles, Apparel & Luxury Goods — 0.0%** | **Textiles, Apparel & Luxury Goods — 0.0%** | **Textiles, Apparel & Luxury Goods — 0.0%** | **Textiles, Apparel & Luxury Goods — 0.0%** |
| ABG Intermediate Holdings 2 LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 1st Lien Term Loan B, (1-mo. CME Term SOFR <br> at 0.00% Floor + 2.25%), 6.41%, 12/21/28<br>|  | 176 | &nbsp;&nbsp; 175078 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 Delayed Draw Term Loan, (1-mo. CME Term <br> SOFR at 0.00% Floor + 2.25%), 6.41%, 02/13/32<br>|  | 89 | &nbsp;&nbsp; 89214 |
| &nbsp;&nbsp;&nbsp; Beach Acquisition Bidco LLC, USD Term Loan B, (3-mo. <br> CME Term SOFR at 0.00% Floor + 3.25%), 7.31%, <br> 09/12/32<br>|  | 46 | &nbsp;&nbsp; 46192 |
|  |  |  | &nbsp;&nbsp; 310484 |
| **Transportation Infrastructure — 0.0%** | **Transportation Infrastructure — 0.0%** | **Transportation Infrastructure — 0.0%** | **Transportation Infrastructure — 0.0%** |
| &nbsp;&nbsp;&nbsp; OLA Netherlands BV, Term Loan, (1-mo. CME Term <br> SOFR at 0.75% Floor + 6.35%), 10.51%, 12/15/26<br>|  | 119 | &nbsp;&nbsp; 118142 |
| &nbsp;&nbsp;&nbsp; SIRVA Worldwide, Inc., 2024 Term Loan, (3-mo. CME <br> Term SOFR at 2.00% Floor + 8.00%), 12.20%, <br> 08/20/29<br>|  | 53 | &nbsp;&nbsp; 20230 |
|  |  |  | &nbsp;&nbsp; 138372 |
| **Wireless Telecommunication Services — 0.1%** | **Wireless Telecommunication Services — 0.1%** | **Wireless Telecommunication Services — 0.1%** | **Wireless Telecommunication Services — 0.1%** |
| &nbsp;&nbsp;&nbsp; Altice France SA, 2023 USD Term Loan B14, (3-mo. <br> CME Term SOFR at 0.00% Floor + 5.50%), 9.82%, <br> 08/15/28<sup>(d)</sup><br>|  | 285 | &nbsp;&nbsp; 275013 |
| &nbsp;&nbsp;&nbsp; Digicel International Finance Ltd., 2025 Term Loan B, <br> (3-mo. CME Term SOFR at 0.00% Floor + 5.25%), <br> 9.49%, 08/06/32<br>|  | 79 | &nbsp;&nbsp; 78901 |
| &nbsp;&nbsp;&nbsp; GOGO Intermediate Holdings LLC, Term Loan B, (1-mo. <br> CME Term SOFR + 3.86%), 8.03%, 04/30/28<br>|  | 63 | &nbsp;&nbsp; 62003 |
| &nbsp;&nbsp;&nbsp; Level 3 Financing, Inc., 2025 Repriced Term Loan B4, <br> (1-mo. CME Term SOFR at 0.00% Floor + 3.25%), <br> 7.42%, 03/29/32<br>|  | 475 | &nbsp;&nbsp; 475000 |
| &nbsp;&nbsp;&nbsp; Windstream Services, LLC, 2025 Term Loan B, <br> 09/24/32<sup>(d)(n)</sup><br>|  | 173 | &nbsp;&nbsp; 171270 |
|  |  |  | &nbsp;&nbsp; 1062187 |
| **Total Floating Rate Loan Interests — 7.7%** <br>**(Cost: $82,470,969)** | **Total Floating Rate Loan Interests — 7.7%** <br>**(Cost: $82,470,969)** | **Total Floating Rate Loan Interests — 7.7%** <br>**(Cost: $82,470,969)** | &nbsp;&nbsp; 81934740 |
| **Foreign Agency Obligations** | **Foreign Agency Obligations** | **Foreign Agency Obligations** | **Foreign Agency Obligations** |
| **Brazil — 0.5%** | **Brazil — 0.5%** | **Brazil — 0.5%** |  |
| &nbsp;&nbsp;&nbsp; Brazilian Government International Bonds, 5.00%, <br> 01/27/45<br>|  | 6525 | &nbsp;&nbsp; 5304825 |
| **China — 0.0%** | **China — 0.0%** | **China — 0.0%** |  |
| &nbsp;&nbsp;&nbsp; China Development Bank/Hong Kong, 2.00%, <br> 02/16/27<sup>(h)</sup><br>|  | 200 | &nbsp;&nbsp; 194958 |
| Export-Import Bank of China, 3.38%, 03/14/27<sup>(h)</sup> |  | 200 | &nbsp;&nbsp; 198514 |
|  |  |  | &nbsp;&nbsp; 393472 |
| **Hong Kong — 0.0%** | **Hong Kong — 0.0%** | **Hong Kong — 0.0%** |  |
| Airport Authority, 3.25%, 01/12/52<sup>(h)</sup> |  | 200 | &nbsp;&nbsp; 152315 |
| **India — 0.0%** | **India — 0.0%** | **India — 0.0%** |  |
| Export-Import Bank of India, 3.88%, 02/01/28<sup>(h)</sup> |  | 200 | &nbsp;&nbsp; 198000 |

---

Schedule of Investments

------

Schedule of Investments (unaudited)(continued)

September 30, 2025

**BlackRock Credit Allocation Income Trust (BTZ)** 

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

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Indonesia — 0.2%** | **Indonesia — 0.2%** | **Indonesia — 0.2%** |  |
| Indonesia Government International Bonds |  |  |  |
| &nbsp;&nbsp;&nbsp; 4.65%, 09/20/32 | USD | 250 | &nbsp;&nbsp; $250937 |
| &nbsp;&nbsp;&nbsp; 4.85%, 01/11/33 |  | 200 | &nbsp;&nbsp; 201750 |
| &nbsp;&nbsp;&nbsp; 5.25%, 01/17/42<sup>(h)</sup> |  | 200 | &nbsp;&nbsp; 200650 |
| &nbsp;&nbsp;&nbsp; 4.75%, 07/18/47<sup>(g)(h)</sup> |  | 200 | &nbsp;&nbsp; 186150 |
| &nbsp;&nbsp;&nbsp; 3.70%, 10/30/49 |  | 200 | &nbsp;&nbsp; 152800 |
| &nbsp;&nbsp;&nbsp; 3.50%, 02/14/50<sup>(g)</sup> |  | 200 | &nbsp;&nbsp; 146800 |
| Perusahaan Penerbit SBSN Indonesia III<sup>(h)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 1.50%, 06/09/26 |  | 200 | &nbsp;&nbsp; 196524 |
| &nbsp;&nbsp;&nbsp; 4.40%, 06/06/27 |  | 200 | &nbsp;&nbsp; 200875 |
|  |  |  | &nbsp;&nbsp; 1536486 |
| **Mexico — 1.5%** | **Mexico — 1.5%** | **Mexico — 1.5%** |  |
| Eagle Funding Luxco SARL, 5.50%, 08/17/30<sup>(b)(g)</sup> |  | 11150 | &nbsp;&nbsp; 11322825 |
| &nbsp;&nbsp;&nbsp; Mexico Government International Bonds, 4.75%, <br> 03/08/44<br>|  | 5800 | &nbsp;&nbsp; 4838650 |
|  |  |  | &nbsp;&nbsp; 16161475 |
| **Pakistan — 0.1%** | **Pakistan — 0.1%** | **Pakistan — 0.1%** |  |
| Pakistan Government International Bonds<sup>(h)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 6.00%, 04/08/26 |  | 450 | &nbsp;&nbsp; 447750 |
| &nbsp;&nbsp;&nbsp; 7.38%, 04/08/31 |  | 200 | &nbsp;&nbsp; 196000 |
|  |  |  | &nbsp;&nbsp; 643750 |
| **Philippines — 0.0%** | **Philippines — 0.0%** | **Philippines — 0.0%** |  |
| Philippines Government International Bonds |  |  |  |
| &nbsp;&nbsp;&nbsp; 3.70%, 03/01/41 |  | 300 | &nbsp;&nbsp; 255300 |
| &nbsp;&nbsp;&nbsp; 2.65%, 12/10/45 |  | 200 | &nbsp;&nbsp; 134575 |
|  |  |  | &nbsp;&nbsp; 389875 |
| **Republic of Korea — 0.0%** | **Republic of Korea — 0.0%** | **Republic of Korea — 0.0%** |  |
| Korea National Oil Corp., 4.88%, 04/03/29<sup>(h)</sup> |  | 200 | &nbsp;&nbsp; 204406 |
| **Saudi Arabia — 0.0%** | **Saudi Arabia — 0.0%** | **Saudi Arabia — 0.0%** |  |
| &nbsp;&nbsp;&nbsp; Saudi Government International Bonds, 4.50%, <br> 10/26/46<sup>(h)</sup><br>|  | 200 | &nbsp;&nbsp; 173500 |
| **South Korea — 0.1%** | **South Korea — 0.1%** | **South Korea — 0.1%** |  |
| Export-Import Bank of Korea, 1.63%, 01/18/27 |  | 200 | &nbsp;&nbsp; 194192 |
| Korea Development Bank, 4.38%, 02/15/33 |  | 200 | &nbsp;&nbsp; 200016 |
| Korea Expressway Corp., 1.13%, 05/17/26<sup>(h)</sup> |  | 200 | &nbsp;&nbsp; 196186 |
|  |  |  | &nbsp;&nbsp; 590394 |
| **United Arab Emirates — 0.0%** | **United Arab Emirates — 0.0%** | **United Arab Emirates — 0.0%** |  |
| Sharjah Sukuk Program Ltd., 6.09%, 03/19/34<sup>(h)</sup> |  | 250 | &nbsp;&nbsp; 267000 |
| **Uruguay — 0.3%** | **Uruguay — 0.3%** | **Uruguay — 0.3%** |  |
| &nbsp;&nbsp;&nbsp; Uruguay Government International Bonds, 5.10%, <br> 06/18/50<sup>(g)</sup><br>|  | 3500 | &nbsp;&nbsp; 3316250 |
| **Total Foreign Agency Obligations — 2.7%** <br>**(Cost: $30,700,505)** | **Total Foreign Agency Obligations — 2.7%** <br>**(Cost: $30,700,505)** | **Total Foreign Agency Obligations — 2.7%** <br>**(Cost: $30,700,505)** | &nbsp;&nbsp; 29331748 |

---

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

---

| | | |
|:---|:---|:---|
|  | <br>*Shares*<br>|  |
| **Investment Companies** | **Investment Companies** | **Investment Companies** |
| **Equity Funds — 0.0%** | **Equity Funds — 0.0%** |  |
| Hearthside Equity | 1014 | &nbsp;&nbsp; 19448 |

---

---

| | | |
|:---|:---|:---|
| *Security* | <br> *Shares*<br>| *Value* |
| **Fixed Income Funds — 2.8%** | **Fixed Income Funds — 2.8%** |  |
| Invesco Senior Loan ETF | 170000 | &nbsp;&nbsp; $3558100 |
| VanEck J.P. Morgan EM Local Currency Bond ETF | 1025002 | &nbsp;&nbsp; 26147801 |
|  |  | &nbsp;&nbsp; 29705901 |
| **Total Investment Companies — 2.8%** <br>**(Cost: $29,369,838)** | **Total Investment Companies — 2.8%** <br>**(Cost: $29,369,838)** | &nbsp;&nbsp; 29725349 |

---

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

---

| | | | |
|:---|:---|:---|:---|
|  |  | *Par* <br>*(000)*<br>|  |
| **Municipal Bonds** | **Municipal Bonds** | **Municipal Bonds** | **Municipal Bonds** |
| **New York — 1.0%** | **New York — 1.0%** | **New York — 1.0%** |  |
| &nbsp;&nbsp;&nbsp; Metropolitan Transportation Authority, RB, BAB, 6.55%, <br> 11/15/31<br>| USD | 9980 | &nbsp;&nbsp; 10635991 |
| **Total Municipal Bonds — 1.0%** <br>**(Cost: $9,814,232)** | **Total Municipal Bonds — 1.0%** <br>**(Cost: $9,814,232)** | **Total Municipal Bonds — 1.0%** <br>**(Cost: $9,814,232)** | &nbsp;&nbsp; 10635991 |
| **Preferred Securities** | **Preferred Securities** | **Preferred Securities** | **Preferred Securities** |
| **Capital Trusts — 10.4%** | **Capital Trusts — 10.4%** | **Capital Trusts — 10.4%** | **Capital Trusts — 10.4%** |
| **Automobiles — 0.2%** | **Automobiles — 0.2%** | **Automobiles — 0.2%** |  |
| General Motors Financial Co., Inc., Series C, 5.70%<sup>(a)(j)</sup> |  | 2565 | &nbsp;&nbsp; 2553663 |
| **Banks — 4.2%**  | **Banks — 4.2%**  | **Banks — 4.2%**  |  |
| Bank of America Corp., 6.25%<sup>(a)(g)(j)</sup> |  | 10000 | &nbsp;&nbsp; 10127766 |
| Barclays PLC<sup>(a)(j)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 4.38% |  | 1630 | &nbsp;&nbsp; 1563710 |
| &nbsp;&nbsp;&nbsp; 9.63% |  | 3340 | &nbsp;&nbsp; 3791775 |
| Citigroup, Inc.<sup>(a)(j)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; Series BB, 7.20% |  | 6750 | &nbsp;&nbsp; 6967019 |
| &nbsp;&nbsp;&nbsp; Series EE, 6.75% |  | 3200 | &nbsp;&nbsp; 3248852 |
| HDFC Bank Ltd., 3.70%<sup>(a)(h)(j)</sup> |  | 200 | &nbsp;&nbsp; 196400 |
| HSBC Holdings PLC, 7.05%<sup>(a)(j)</sup> |  | 400 | &nbsp;&nbsp; 416426 |
| &nbsp;&nbsp;&nbsp; Industrial & Commercial Bank of China Ltd., <br> 3.20%<sup>(a)(h)(j)</sup><br>|  | 300 | &nbsp;&nbsp; 296463 |
| JPMorgan Chase & Co., 8.75%, 09/01/30<sup>(g)</sup> |  | 2000 | &nbsp;&nbsp; 2374230 |
| Kasikornbank PCL/Hong Kong, 4.00%<sup>(a)(h)(j)</sup> |  | 300 | &nbsp;&nbsp; 294657 |
| Macquarie Bank Ltd., 6.13%<sup>(a)(b)(j)</sup> |  | 1885 | &nbsp;&nbsp; 1908815 |
| Mitsubishi UFJ Financial Group, Inc.<sup>(a)(j)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 6.35% |  | 400 | &nbsp;&nbsp; 408340 |
| &nbsp;&nbsp;&nbsp; 8.20% |  | 425 | &nbsp;&nbsp; 466010 |
| Nordea Bank Abp, 6.63%<sup>(a)(b)(g)(j)</sup> |  | 5540 | &nbsp;&nbsp; 5568753 |
| PNC Financial Services Group, Inc.<sup>(a)(j)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; Series V, 6.20%<sup>(g)</sup> |  | 5529 | &nbsp;&nbsp; 5620804 |
| &nbsp;&nbsp;&nbsp; Series W, 6.25% |  | 1250 | &nbsp;&nbsp; 1282626 |
| Standard Chartered PLC<sup>(a)(h)(j)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 7.63% |  | 200 | &nbsp;&nbsp; 212000 |
| &nbsp;&nbsp;&nbsp; 7.88% |  | 400 | &nbsp;&nbsp; 428173 |
|  |  |  | &nbsp;&nbsp; 45172819 |
| **Electric Utilities**<sup>(a)</sup> **— 1.0%** | **Electric Utilities**<sup>(a)</sup> **— 1.0%** | **Electric Utilities**<sup>(a)</sup> **— 1.0%** |  |
| Dominion Energy, Inc., Series B, 7.00%, 06/01/54 |  | 1810 | &nbsp;&nbsp; 1962560 |
| PPL Capital Funding, Inc., Series A, 6.93%, 03/30/67<sup>(g)</sup> |  | 8300 | &nbsp;&nbsp; 8235837 |
|  |  |  | &nbsp;&nbsp; 10198397 |
| **Financial Services**<sup>(a)(j)</sup> **— 1.8%** | **Financial Services**<sup>(a)(j)</sup> **— 1.8%** | **Financial Services**<sup>(a)(j)</sup> **— 1.8%** |  |
| Goldman Sachs Group, Inc., 6.85% |  | 7278 | &nbsp;&nbsp; 7559862 |
| Nomura Holdings, Inc., 7.00% |  | 375 | &nbsp;&nbsp; 388161 |
| Royal Capital BV, 5.00%<sup>(h)</sup> |  | 200 | &nbsp;&nbsp; 199000 |
| Sumitomo Mitsui Financial Group, Inc., 6.45% |  | 300 | &nbsp;&nbsp; 306239 |

---

------

Schedule of Investments (unaudited)(continued)

September 30, 2025

**BlackRock Credit Allocation Income Trust (BTZ)** 

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

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Financial Services (continued)** | **Financial Services (continued)** | **Financial Services (continued)** |  |
| UBS Group AG<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 7.75% | USD | 4845 | &nbsp;&nbsp; $5228772 |
| &nbsp;&nbsp;&nbsp; Series NC10, 9.25% |  | 4807 | &nbsp;&nbsp; 5724498 |
|  |  |  | &nbsp;&nbsp; 19406532 |
| **Independent Power and Renewable Electricity Producers — 0.1%** | **Independent Power and Renewable Electricity Producers — 0.1%** | **Independent Power and Renewable Electricity Producers — 0.1%** |  |
| Vistra Corp., 7.00%<sup>(a)(b)(j)</sup> |  | 1349 | &nbsp;&nbsp; 1369599 |
| **Insurance — 1.9%** | **Insurance — 1.9%** | **Insurance — 1.9%** |  |
| ACE Capital Trust II, 9.70%, 04/01/30<sup>(g)</sup> |  | 7000 | &nbsp;&nbsp; 8403006 |
| Dai-ichi Life Insurance Co. Ltd., 6.20%<sup>(a)(h)(j)</sup> |  | 200 | &nbsp;&nbsp; 207892 |
| &nbsp;&nbsp;&nbsp; Equitable of Iowa Cos Capital Trust II, Series B, 8.42%, <br> 04/01/27<br>|  | 5000 | &nbsp;&nbsp; 4856180 |
| FWD Group Holdings Ltd.<sup>(h)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 5.25%, 09/22/30 |  | 475 | &nbsp;&nbsp; 475986 |
| &nbsp;&nbsp;&nbsp; 5.84%, 09/22/35 |  | 475 | &nbsp;&nbsp; 480679 |
| Kyobo Life Insurance Co. Ltd., 5.90%, 06/15/52<sup>(a)(h)</sup> |  | 200 | &nbsp;&nbsp; 203100 |
| MetLife, Inc., 6.40%, 12/15/66<sup>(g)</sup> |  | 5000 | &nbsp;&nbsp; 5261570 |
|  |  |  | &nbsp;&nbsp; 19888413 |
| **Oil, Gas & Consumable Fuels**<sup>(a)</sup> **— 0.6%** | **Oil, Gas & Consumable Fuels**<sup>(a)</sup> **— 0.6%** | **Oil, Gas & Consumable Fuels**<sup>(a)</sup> **— 0.6%** |  |
| Enterprise Products Operating LLC, 7.21%, 06/01/67 |  | 2500 | &nbsp;&nbsp; 2500004 |
| Venture Global LNG, Inc., 9.00%<sup>(b)(j)</sup> |  | 3836 | &nbsp;&nbsp; 3801781 |
|  |  |  | &nbsp;&nbsp; 6301785 |
| **Passenger Airlines**<sup>(a)(h)(j)</sup> **— 0.0%** | **Passenger Airlines**<sup>(a)(h)(j)</sup> **— 0.0%** | **Passenger Airlines**<sup>(a)(h)(j)</sup> **— 0.0%** |  |
| Airport Authority |  |  |  |
| &nbsp;&nbsp;&nbsp; 2.10% |  | 200 | &nbsp;&nbsp; 197500 |
| &nbsp;&nbsp;&nbsp; 2.40% |  | 200 | &nbsp;&nbsp; 191056 |
|  |  |  | &nbsp;&nbsp; 388556 |
| **Real Estate Management & Development — 0.0%** | **Real Estate Management & Development — 0.0%** | **Real Estate Management & Development — 0.0%** |  |
| NWD Finance BVI Ltd., 4.13%<sup>(e)(h)(j)(m)</sup> |  | 209 | &nbsp;&nbsp; 77696 |
| **Transportation Infrastructure — 0.1%** | **Transportation Infrastructure — 0.1%** | **Transportation Infrastructure — 0.1%** |  |
| MTR Corp. CI Ltd., 5.63%<sup>(a)(h)(j)</sup> |  | 600 | &nbsp;&nbsp; 625716 |
| **Wireless Telecommunication Services — 0.5%** | **Wireless Telecommunication Services — 0.5%** | **Wireless Telecommunication Services — 0.5%** |  |
| Vodafone Group PLC, 7.00%, 04/04/79<sup>(a)</sup> |  | 4745 | &nbsp;&nbsp; 5013307 |
|  |  |  | &nbsp;&nbsp; 110996483 |

---

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

---

| | | |
|:---|:---|:---|
|  | <br>*Shares*<br>|  |
| **Preferred Stocks — 0.0%**<sup>(e)</sup> | **Preferred Stocks — 0.0%**<sup>(e)</sup> | **Preferred Stocks — 0.0%**<sup>(e)</sup> |
| **Ground Transportation — 0.0%** | **Ground Transportation — 0.0%** |  |
| Sirva BGRS Holdings, Inc., 07/21/30 | 22 | &nbsp;&nbsp; 3966 |
| **IT Services**<sup>(d)</sup> **— 0.0%** | **IT Services**<sup>(d)</sup> **— 0.0%** |  |
| Veritas Kapital Assurance PLC |  |  |
| &nbsp;&nbsp;&nbsp; Series G | 311 | &nbsp;&nbsp; 7061 |
| &nbsp;&nbsp;&nbsp; Series G-1 | 214 | &nbsp;&nbsp; 4875 |
|  |  | &nbsp;&nbsp; 11936 |
|  |  | &nbsp;&nbsp; 15902 |
| **Total Preferred Securities — 10.4%** <br>**(Cost: $106,677,251)** | **Total Preferred Securities — 10.4%** <br>**(Cost: $106,677,251)** | &nbsp;&nbsp; 111012385 |

---

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

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par* <br>*(000)*<br>| *Value* |
| **U.S. Government Sponsored Agency Securities** | **U.S. Government Sponsored Agency Securities** | **U.S. Government Sponsored Agency Securities** | **U.S. Government Sponsored Agency Securities** |
| **Mortgage-Backed Securities — 14.9%** | **Mortgage-Backed Securities — 14.9%** | **Mortgage-Backed Securities — 14.9%** |  |
| &nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Securities, 6.00%, <br> 10/15/54<sup>(o)</sup><br>| USD | 156425 | &nbsp;&nbsp; $159801842 |
| **Total U.S. Government Sponsored Agency Securities — 14.9%** <br>**(Cost: $160,146,384)** | **Total U.S. Government Sponsored Agency Securities — 14.9%** <br>**(Cost: $160,146,384)** | **Total U.S. Government Sponsored Agency Securities — 14.9%** <br>**(Cost: $160,146,384)** | &nbsp;&nbsp; 159801842 |

---

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

---

| | | |
|:---|:---|:---|
|  | <br>*Shares*<br>|  |
| **Warrants** | **Warrants** | **Warrants** |
| **Financial Services — 0.0%** | **Financial Services — 0.0%** |  |
| &nbsp;&nbsp;&nbsp; Service King (Carnelian Point), (Exercisable 01/14/23, <br> 1 Share for 1 Warrant, Expires 06/30/27, Strike Price <br> USD 10.00)<sup>(e)</sup><br>| 321 | &nbsp;&nbsp; — |
| **Total Warrants — 0.0%** <br>**(Cost: $—)** | **Total Warrants — 0.0%** <br>**(Cost: $—)** | &nbsp;&nbsp; — |
| **Total Long-Term Investments — 166.5%** <br>**(Cost: $1,768,040,936)** | **Total Long-Term Investments — 166.5%** <br>**(Cost: $1,768,040,936)** | &nbsp;&nbsp; 1781100051 |
| **Short-Term Securities** | **Short-Term Securities** | **Short-Term Securities** |
| **Money Market Funds — 0.7%** | **Money Market Funds — 0.7%** |  |
| &nbsp;&nbsp;&nbsp; BlackRock Liquidity Funds, T-Fund, Institutional Shares, <br> 4.01%<sup>(p)(q)</sup><br>| 7118657 | &nbsp;&nbsp; 7118657 |
| **Total Short-Term Securities — 0.7%** <br>**(Cost: $7,118,657)** | **Total Short-Term Securities — 0.7%** <br>**(Cost: $7,118,657)** | &nbsp;&nbsp; 7118657 |
| **Options Purchased — 0.0%** <br>**(Cost: $79,850)** | **Options Purchased — 0.0%** <br>**(Cost: $79,850)** | &nbsp;&nbsp; 159402 |
| **Total Investments — 167.2%** <br>**(Cost: $1,775,239,443)** | **Total Investments — 167.2%** <br>**(Cost: $1,775,239,443)** | &nbsp;&nbsp; 1788378110 |
| **Liabilities in Excess of Other Assets — (67.2)%** | **Liabilities in Excess of Other Assets — (67.2)%** | &nbsp;&nbsp; (719036727)<br>|
| **Net Assets — 100.0%** | **Net Assets — 100.0%** | &nbsp;&nbsp; $1069341383 |

---

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

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

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

<sup>(c)</sup> When-issued security.

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

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

<sup>(f)</sup> Restricted security as to resale, excluding 144A securities. The Trust held restricted securities with a current value of $43,575, representing less than 0.05% of its net assets as of period end, and an original cost of $5,212. 

<sup>(g)</sup> All or a portion of the security has been pledged as collateral in connection with outstanding reverse repurchase agreements. 

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

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

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

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

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

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

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

<sup>(o)</sup> Represents or includes a TBA transaction.

<sup>(p)</sup> Affiliate of the Trust.

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

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

Schedule of Investments

------

Schedule of Investments (unaudited)(continued)

September 30, 2025

**BlackRock Credit Allocation Income Trust (BTZ)** 

**Affiliates**

Investments in issuers considered to be affiliate(s) of the Trust during the period ended September 30, 2025 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| *Affiliated Issuer* | *Value at* <br>*12/31/24*<br>| *Proceeds* <br>*from Sales*<br>| *Net* <br>*Realized* <br>*Gain (Loss)*<br>| *Change in* <br>*Unrealized* <br>*Appreciation* <br>*(Depreciation)*<br>| *Value at* <br>*09/30/25*<br>| *Shares* <br>*Held at* <br>*09/30/25*<br>| *Income* | *Capital Gain* <br>*Distributions* <br>*from* <br>*Underlying* <br>*Funds*<br>|
| BlackRock Liquidity Funds, T-Fund, Institutional Shares | $6317936<br> $800721 <br><sup>(a)</sup><br>| &nbsp;&nbsp; $— | $— | $— | $7118657 | 7118657 | $212473 | $— |

---

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

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

**Reverse Repurchase Agreements** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| *Counterparty* | &nbsp;&nbsp; *Trade* <br>*Date*<br>| &nbsp;&nbsp; *Maturity* <br>*Date*<sup>(a)</sup> <br>| *Face Value* | &nbsp;&nbsp; *Face Value* <br>*Including* <br>*Accrued Interest*<br>| &nbsp;&nbsp; *Type of Non-Cash Underlying* <br> *Collateral*<br>| &nbsp;&nbsp; *Remaining* <br>*Contractual Maturity* <br>*of the Agreements*<sup>(a)</sup> <br>|
| Goldman Sachs & Co. LLC<br> 4.10 %<sup>(b)</sup><br>| 05/19/25 | Open | &nbsp;&nbsp;&nbsp; $475150 | &nbsp;&nbsp;&nbsp; $482901 | Corporate Bonds | Open/Demand |
| Goldman Sachs & Co. LLC<br> 4.20 <br><sup>(b)</sup><br>| 05/19/25 | Open | &nbsp;&nbsp;&nbsp; 780000 | &nbsp;&nbsp;&nbsp; 793016 | Corporate Bonds | Open/Demand |
| Goldman Sachs & Co. LLC<br> 4.20 <br><sup>(b)</sup><br>| 05/19/25 | Open | &nbsp;&nbsp;&nbsp; 1912500 | &nbsp;&nbsp;&nbsp; 1944415 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 4.24 <br><sup>(b)</sup><br>| 06/30/25 | Open | &nbsp;&nbsp;&nbsp; 2794382 | &nbsp;&nbsp;&nbsp; 2826794 | Corporate Bonds | Open/Demand |
| Nomura Securities International, Inc.<br> 4.07 <br><sup>(b)</sup><br>| 07/01/25 | Open | &nbsp;&nbsp;&nbsp; 68224 | &nbsp;&nbsp;&nbsp; 68977 | Corporate Bonds | Open/Demand |
| Nomura Securities International, Inc.<br> 4.10 <br><sup>(b)</sup><br>| 07/01/25 | Open | &nbsp;&nbsp;&nbsp; 3068975 | &nbsp;&nbsp;&nbsp; 3103092 | Foreign Agency Obligations | Open/Demand |
| Nomura Securities International, Inc.<br> 4.15 <br><sup>(b)</sup><br>| 07/01/25 | Open | &nbsp;&nbsp;&nbsp; 714089 | &nbsp;&nbsp;&nbsp; 722119 | Corporate Bonds | Open/Demand |
| Nomura Securities International, Inc.<br> 4.17 <br><sup>(b)</sup><br>| 07/01/25 | Open | &nbsp;&nbsp;&nbsp; 1254000 | &nbsp;&nbsp;&nbsp; 1268165 | Corporate Bonds | Open/Demand |
| Nomura Securities International, Inc.<br> 4.17 <br><sup>(b)</sup><br>| 07/01/25 | Open | &nbsp;&nbsp;&nbsp; 1117875 | &nbsp;&nbsp;&nbsp; 1130502 | Corporate Bonds | Open/Demand |
| Nomura Securities International, Inc.<br> 4.17 <br><sup>(b)</sup><br>| 07/01/25 | Open | &nbsp;&nbsp;&nbsp; 260110 | &nbsp;&nbsp;&nbsp; 263048 | Corporate Bonds | Open/Demand |
| Nomura Securities International, Inc.<br> 4.17 <br><sup>(b)</sup><br>| 07/01/25 | Open | &nbsp;&nbsp;&nbsp; 1368999 | &nbsp;&nbsp;&nbsp; 1384462 | Corporate Bonds | Open/Demand |
| Nomura Securities International, Inc.<br> 4.20 <br><sup>(b)</sup><br>| 07/01/25 | Open | &nbsp;&nbsp;&nbsp; 1520840 | &nbsp;&nbsp;&nbsp; 1538135 | Corporate Bonds | Open/Demand |
| Nomura Securities International, Inc.<br> 4.22 <br><sup>(b)</sup><br>| 07/01/25 | Open | &nbsp;&nbsp;&nbsp; 175750 | &nbsp;&nbsp;&nbsp; 177758 | Corporate Bonds | Open/Demand |
| Nomura Securities International, Inc.<br> 4.22 <br><sup>(b)</sup><br>| 07/01/25 | Open | &nbsp;&nbsp;&nbsp; 844301 | &nbsp;&nbsp;&nbsp; 853946 | Corporate Bonds | Open/Demand |
| Nomura Securities International, Inc.<br> 4.22 <br><sup>(b)</sup><br>| 07/01/25 | Open | &nbsp;&nbsp;&nbsp; 222075 | &nbsp;&nbsp;&nbsp; 224612 | Corporate Bonds | Open/Demand |
| Nomura Securities International, Inc.<br> 4.22 <br><sup>(b)</sup><br>| 07/01/25 | Open | &nbsp;&nbsp;&nbsp; 519563 | &nbsp;&nbsp;&nbsp; 525498 | Corporate Bonds | Open/Demand |
| Nomura Securities International, Inc.<br> 4.22 <br><sup>(b)</sup><br>| 07/01/25 | Open | &nbsp;&nbsp;&nbsp; 749385 | &nbsp;&nbsp;&nbsp; 757946 | Corporate Bonds | Open/Demand |
| Nomura Securities International, Inc.<br> 4.22 <br><sup>(b)</sup><br>| 07/01/25 | Open | &nbsp;&nbsp;&nbsp; 189525 | &nbsp;&nbsp;&nbsp; 191690 | Corporate Bonds | Open/Demand |
| Nomura Securities International, Inc.<br> 4.22 <br><sup>(b)</sup><br>| 07/01/25 | Open | &nbsp;&nbsp;&nbsp; 721793 | &nbsp;&nbsp;&nbsp; 730038 | Corporate Bonds | Open/Demand |
| Nomura Securities International, Inc.<br> 4.23 <br><sup>(b)</sup><br>| 07/01/25 | Open | &nbsp;&nbsp;&nbsp; 539152 | &nbsp;&nbsp;&nbsp; 545325 | Corporate Bonds | Open/Demand |
| Nomura Securities International, Inc.<br> 4.23 <br><sup>(b)</sup><br>| 07/01/25 | Open | &nbsp;&nbsp;&nbsp; 475088 | &nbsp;&nbsp;&nbsp; 480527 | Corporate Bonds | Open/Demand |
| Nomura Securities International, Inc.<br> 4.23 <br><sup>(b)</sup><br>| 07/01/25 | Open | &nbsp;&nbsp;&nbsp; 201533 | &nbsp;&nbsp;&nbsp; 203840 | Corporate Bonds | Open/Demand |
| Nomura Securities International, Inc.<br> 4.23 <br><sup>(b)</sup><br>| 07/01/25 | Open | &nbsp;&nbsp;&nbsp; 1170125 | &nbsp;&nbsp;&nbsp; 1183522 | Corporate Bonds | Open/Demand |
| Nomura Securities International, Inc.<br> 4.23 <br><sup>(b)</sup><br>| 07/01/25 | Open | &nbsp;&nbsp;&nbsp; 186078 | &nbsp;&nbsp;&nbsp; 188208 | Corporate Bonds | Open/Demand |
| Nomura Securities International, Inc.<br> 4.23 <br><sup>(b)</sup><br>| 07/01/25 | Open | &nbsp;&nbsp;&nbsp; 143895 | &nbsp;&nbsp;&nbsp; 145542 | Corporate Bonds | Open/Demand |
| Nomura Securities International, Inc.<br> 4.23 <br><sup>(b)</sup><br>| 07/01/25 | Open | &nbsp;&nbsp;&nbsp; 360643 | &nbsp;&nbsp;&nbsp; 364771 | Corporate Bonds | Open/Demand |
| Nomura Securities International, Inc.<br> 4.23 <br><sup>(b)</sup><br>| 07/01/25 | Open | &nbsp;&nbsp;&nbsp; 89440 | &nbsp;&nbsp;&nbsp; 90464 | Corporate Bonds | Open/Demand |
| Nomura Securities International, Inc.<br> 4.23 <br><sup>(b)</sup><br>| 07/01/25 | Open | &nbsp;&nbsp;&nbsp; 426250 | &nbsp;&nbsp;&nbsp; 431130 | Corporate Bonds | Open/Demand |
| Nomura Securities International, Inc.<br> 4.23 <br><sup>(b)</sup><br>| 07/01/25 | Open | &nbsp;&nbsp;&nbsp; 5373270 | &nbsp;&nbsp;&nbsp; 5434788 | Capital Trusts | Open/Demand |
| TD Securities (USA) LLC<br> 4.23 <br><sup>(b)</sup><br>| 07/14/25 | Open | &nbsp;&nbsp;&nbsp; 6025469 | &nbsp;&nbsp;&nbsp; 6084706 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 4.24 <br><sup>(b)</sup><br>| 07/14/25 | Open | &nbsp;&nbsp;&nbsp; 886050 | &nbsp;&nbsp;&nbsp; 894780 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 4.24 <br><sup>(b)</sup><br>| 07/14/25 | Open | &nbsp;&nbsp;&nbsp; 523110 | &nbsp;&nbsp;&nbsp; 528264 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 4.24 <br><sup>(b)</sup><br>| 07/14/25 | Open | &nbsp;&nbsp;&nbsp; 627125 | &nbsp;&nbsp;&nbsp; 633304 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 4.24 <br><sup>(b)</sup><br>| 07/14/25 | Open | &nbsp;&nbsp;&nbsp; 3785000 | &nbsp;&nbsp;&nbsp; 3822294 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 4.24 <br><sup>(b)</sup><br>| 07/14/25 | Open | &nbsp;&nbsp;&nbsp; 2716025 | &nbsp;&nbsp;&nbsp; 2742786 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 4.24 <br><sup>(b)</sup><br>| 07/14/25 | Open | &nbsp;&nbsp;&nbsp; 1232381 | &nbsp;&nbsp;&nbsp; 1244524 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 4.24 <br><sup>(b)</sup><br>| 07/14/25 | Open | &nbsp;&nbsp;&nbsp; 899520 | &nbsp;&nbsp;&nbsp; 908383 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 4.24 <br><sup>(b)</sup><br>| 07/14/25 | Open | &nbsp;&nbsp;&nbsp; 4519350 | &nbsp;&nbsp;&nbsp; 4563879 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 4.24 <br><sup>(b)</sup><br>| 07/14/25 | Open | &nbsp;&nbsp;&nbsp; 8995787 | &nbsp;&nbsp;&nbsp; 9084424 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 4.24 <br><sup>(b)</sup><br>| 07/14/25 | Open | &nbsp;&nbsp;&nbsp; 2900625 | &nbsp;&nbsp;&nbsp; 2929205 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 4.24 <br><sup>(b)</sup><br>| 07/14/25 | Open | &nbsp;&nbsp;&nbsp; 13803594 | &nbsp;&nbsp;&nbsp; 13939601 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 4.24 <br><sup>(b)</sup><br>| 07/14/25 | Open | &nbsp;&nbsp;&nbsp; 2475000 | &nbsp;&nbsp;&nbsp; 2499386 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 4.24 <br><sup>(b)</sup><br>| 07/14/25 | Open | &nbsp;&nbsp;&nbsp; 1800000 | &nbsp;&nbsp;&nbsp; 1817736 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 4.24 <br><sup>(b)</sup><br>| 07/14/25 | Open | &nbsp;&nbsp;&nbsp; 3830670 | &nbsp;&nbsp;&nbsp; 3868414 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 4.24 <br><sup>(b)</sup><br>| 07/14/25 | Open | &nbsp;&nbsp;&nbsp; 2899406 | &nbsp;&nbsp;&nbsp; 2927974 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 4.24 <br><sup>(b)</sup><br>| 07/14/25 | Open | &nbsp;&nbsp;&nbsp; 2877577 | &nbsp;&nbsp;&nbsp; 2905930 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 4.24 <br><sup>(b)</sup><br>| 07/14/25 | Open | &nbsp;&nbsp;&nbsp; 2428125 | &nbsp;&nbsp;&nbsp; 2452049 | Corporate Bonds | Open/Demand |

---

------

Schedule of Investments (unaudited)(continued)

September 30, 2025

**BlackRock Credit Allocation Income Trust (BTZ)** 

**Reverse Repurchase Agreements (continued)**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| *Counterparty* | &nbsp;&nbsp; *Trade*<br> *Date*<br>| &nbsp;&nbsp; *Maturity*<br> *Date*<sup>(a)</sup><br>| *Face Value* | &nbsp;&nbsp; *Face Value*<br> *Including*<br> *Accrued Interest*<br>| &nbsp;&nbsp; *Type of Non-Cash Underlying* <br> *Collateral*<br>| &nbsp;&nbsp; *Remaining*<br> *Contractual Maturity*<br> *of the Agreements*<sup>(a)</sup><br>|
| TD Securities (USA) LLC<br> 4.24 %<sup>(b)</sup><br>| 07/14/25 | Open | &nbsp;&nbsp;&nbsp; $3282604 | &nbsp;&nbsp;&nbsp; $3314947 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 4.24 <br><sup>(b)</sup><br>| 07/14/25 | Open | &nbsp;&nbsp;&nbsp; 754687 | &nbsp;&nbsp;&nbsp; 762124 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 4.24 <br><sup>(b)</sup><br>| 07/14/25 | Open | &nbsp;&nbsp;&nbsp; 10825000 | &nbsp;&nbsp;&nbsp; 10931659 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 4.24 <br><sup>(b)</sup><br>| 07/14/25 | Open | &nbsp;&nbsp;&nbsp; 1096875 | &nbsp;&nbsp;&nbsp; 1107683 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 4.24 <br><sup>(b)</sup><br>| 07/14/25 | Open | &nbsp;&nbsp;&nbsp; 551568 | &nbsp;&nbsp;&nbsp; 557002 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 4.24 <br><sup>(b)</sup><br>| 07/14/25 | Open | &nbsp;&nbsp;&nbsp; 2918125 | &nbsp;&nbsp;&nbsp; 2946877 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 4.24 <br><sup>(b)</sup><br>| 07/14/25 | Open | &nbsp;&nbsp;&nbsp; 3845781 | &nbsp;&nbsp;&nbsp; 3883674 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 4.24 <br><sup>(b)</sup><br>| 07/14/25 | Open | &nbsp;&nbsp;&nbsp; 592100 | &nbsp;&nbsp;&nbsp; 597934 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 4.24 <br><sup>(b)</sup><br>| 07/14/25 | Open | &nbsp;&nbsp;&nbsp; 1549225 | &nbsp;&nbsp;&nbsp; 1564490 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 4.24 <br><sup>(b)</sup><br>| 07/14/25 | Open | &nbsp;&nbsp;&nbsp; 5750494 | &nbsp;&nbsp;&nbsp; 5807154 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 4.24 <br><sup>(b)</sup><br>| 07/14/25 | Open | &nbsp;&nbsp;&nbsp; 1341044 | &nbsp;&nbsp;&nbsp; 1354257 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 4.24 <br><sup>(b)</sup><br>| 07/14/25 | Open | &nbsp;&nbsp;&nbsp; 1683412 | &nbsp;&nbsp;&nbsp; 1699999 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 4.24 <br><sup>(b)</sup><br>| 07/14/25 | Open | &nbsp;&nbsp;&nbsp; 4364500 | &nbsp;&nbsp;&nbsp; 4407504 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 4.24 <br><sup>(b)</sup><br>| 07/14/25 | Open | &nbsp;&nbsp;&nbsp; 826752 | &nbsp;&nbsp;&nbsp; 834899 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 4.24 <br><sup>(b)</sup><br>| 07/14/25 | Open | &nbsp;&nbsp;&nbsp; 4757162 | &nbsp;&nbsp;&nbsp; 4804035 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 4.24 <br><sup>(b)</sup><br>| 07/14/25 | Open | &nbsp;&nbsp;&nbsp; 4474350 | &nbsp;&nbsp;&nbsp; 4518436 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 4.24 <br><sup>(b)</sup><br>| 07/14/25 | Open | &nbsp;&nbsp;&nbsp; 4689675 | &nbsp;&nbsp;&nbsp; 4735883 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 4.24 <br><sup>(b)</sup><br>| 07/14/25 | Open | &nbsp;&nbsp;&nbsp; 580150 | &nbsp;&nbsp;&nbsp; 585866 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 4.24 <br><sup>(b)</sup><br>| 07/14/25 | Open | &nbsp;&nbsp;&nbsp; 547663 | &nbsp;&nbsp;&nbsp; 553059 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 4.24 <br><sup>(b)</sup><br>| 07/14/25 | Open | &nbsp;&nbsp;&nbsp; 3076625 | &nbsp;&nbsp;&nbsp; 3106939 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 4.24 <br><sup>(b)</sup><br>| 07/14/25 | Open | &nbsp;&nbsp;&nbsp; 3015712 | &nbsp;&nbsp;&nbsp; 3045427 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 4.24 <br><sup>(b)</sup><br>| 07/14/25 | Open | &nbsp;&nbsp;&nbsp; 2382867 | &nbsp;&nbsp;&nbsp; 2406346 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 4.24 <br><sup>(b)</sup><br>| 07/14/25 | Open | &nbsp;&nbsp;&nbsp; 3297154 | &nbsp;&nbsp;&nbsp; 3329641 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 4.24 <br><sup>(b)</sup><br>| 07/14/25 | Open | &nbsp;&nbsp;&nbsp; 3180937 | &nbsp;&nbsp;&nbsp; 3212279 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 4.24 <br><sup>(b)</sup><br>| 07/14/25 | Open | &nbsp;&nbsp;&nbsp; 609870 | &nbsp;&nbsp;&nbsp; 615879 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 4.24 <br><sup>(b)</sup><br>| 07/14/25 | Open | &nbsp;&nbsp;&nbsp; 10723175 | &nbsp;&nbsp;&nbsp; 10828831 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 4.24 <br><sup>(b)</sup><br>| 07/14/25 | Open | &nbsp;&nbsp;&nbsp; 6877425 | &nbsp;&nbsp;&nbsp; 6945189 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 4.24 <br><sup>(b)</sup><br>| 07/14/25 | Open | &nbsp;&nbsp;&nbsp; 2292500 | &nbsp;&nbsp;&nbsp; 2315088 | Capital Trusts | Open/Demand |
| TD Securities (USA) LLC<br> 4.24 <br><sup>(b)</sup><br>| 07/14/25 | Open | &nbsp;&nbsp;&nbsp; 8102500 | &nbsp;&nbsp;&nbsp; 8182334 | Capital Trusts | Open/Demand |
| TD Securities (USA) LLC<br> 4.24 <br><sup>(b)</sup><br>| 07/14/25 | Open | &nbsp;&nbsp;&nbsp; 4521719 | &nbsp;&nbsp;&nbsp; 4566272 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 4.24 <br><sup>(b)</sup><br>| 07/14/25 | Open | &nbsp;&nbsp;&nbsp; 3812500 | &nbsp;&nbsp;&nbsp; 3850065 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 4.24 <br><sup>(b)</sup><br>| 07/14/25 | Open | &nbsp;&nbsp;&nbsp; 4274531 | &nbsp;&nbsp;&nbsp; 4316648 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 4.24 <br><sup>(b)</sup><br>| 07/14/25 | Open | &nbsp;&nbsp;&nbsp; 2159875 | &nbsp;&nbsp;&nbsp; 2181156 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 4.24 <br><sup>(b)</sup><br>| 07/14/25 | Open | &nbsp;&nbsp;&nbsp; 852175 | &nbsp;&nbsp;&nbsp; 860572 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 4.24 <br><sup>(b)</sup><br>| 07/14/25 | Open | &nbsp;&nbsp;&nbsp; 2270400 | &nbsp;&nbsp;&nbsp; 2292770 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 4.24 <br><sup>(b)</sup><br>| 07/14/25 | Open | &nbsp;&nbsp;&nbsp; 5142052 | &nbsp;&nbsp;&nbsp; 5192717 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 4.24 <br><sup>(b)</sup><br>| 07/14/25 | Open | &nbsp;&nbsp;&nbsp; 7039837 | &nbsp;&nbsp;&nbsp; 7109201 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 4.24 <br><sup>(b)</sup><br>| 07/14/25 | Open | &nbsp;&nbsp;&nbsp; 5227500 | &nbsp;&nbsp;&nbsp; 5279007 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 4.24 <br><sup>(b)</sup><br>| 07/14/25 | Open | &nbsp;&nbsp;&nbsp; 1606410 | &nbsp;&nbsp;&nbsp; 1622238 | Corporate Bonds | Open/Demand |
| BNP Paribas SA<br> 4.15 <br><sup>(b)</sup><br>| 07/21/25 | Open | &nbsp;&nbsp;&nbsp; 985890 | &nbsp;&nbsp;&nbsp; 994566 | Corporate Bonds | Open/Demand |
| BNP Paribas SA<br> 4.15 <br><sup>(b)</sup><br>| 07/21/25 | Open | &nbsp;&nbsp;&nbsp; 354413 | &nbsp;&nbsp;&nbsp; 357531 | Corporate Bonds | Open/Demand |
| BNP Paribas SA<br> 4.15 <br><sup>(b)</sup><br>| 07/21/25 | Open | &nbsp;&nbsp;&nbsp; 92950 | &nbsp;&nbsp;&nbsp; 93768 | Corporate Bonds | Open/Demand |
| BNP Paribas SA<br> 4.18 <br><sup>(b)</sup><br>| 07/21/25 | Open | &nbsp;&nbsp;&nbsp; 1434884 | &nbsp;&nbsp;&nbsp; 1447597 | Corporate Bonds | Open/Demand |
| BNP Paribas SA<br> 4.20 <br><sup>(b)</sup><br>| 07/21/25 | Open | &nbsp;&nbsp;&nbsp; 4706250 | &nbsp;&nbsp;&nbsp; 4748136 | Corporate Bonds | Open/Demand |
| BNP Paribas SA<br> 4.20 <br><sup>(b)</sup><br>| 07/21/25 | Open | &nbsp;&nbsp;&nbsp; 561488 | &nbsp;&nbsp;&nbsp; 566485 | Corporate Bonds | Open/Demand |
| BNP Paribas SA<br> 4.20 <br><sup>(b)</sup><br>| 07/21/25 | Open | &nbsp;&nbsp;&nbsp; 784065 | &nbsp;&nbsp;&nbsp; 791043 | Corporate Bonds | Open/Demand |
| BNP Paribas SA<br> 4.21 <br><sup>(b)</sup><br>| 07/21/25 | Open | &nbsp;&nbsp;&nbsp; 320314 | &nbsp;&nbsp;&nbsp; 323171 | Corporate Bonds | Open/Demand |
| BNP Paribas SA<br> 4.22 <br><sup>(b)</sup><br>| 07/21/25 | Open | &nbsp;&nbsp;&nbsp; 929419 | &nbsp;&nbsp;&nbsp; 937728 | Corporate Bonds | Open/Demand |
| BNP Paribas SA<br> 4.22 <br><sup>(b)</sup><br>| 07/21/25 | Open | &nbsp;&nbsp;&nbsp; 1003275 | &nbsp;&nbsp;&nbsp; 1012244 | Corporate Bonds | Open/Demand |
| BNP Paribas SA<br> 4.24 <br><sup>(b)</sup><br>| 07/21/25 | Open | &nbsp;&nbsp;&nbsp; 550703 | &nbsp;&nbsp;&nbsp; 555648 | Corporate Bonds | Open/Demand |
| BNP Paribas SA<br> 4.24 <br><sup>(b)</sup><br>| 07/21/25 | Open | &nbsp;&nbsp;&nbsp; 369985 | &nbsp;&nbsp;&nbsp; 373307 | Corporate Bonds | Open/Demand |
| BNP Paribas SA<br> 4.24 <br><sup>(b)</sup><br>| 07/21/25 | Open | &nbsp;&nbsp;&nbsp; 4070250 | &nbsp;&nbsp;&nbsp; 4106801 | Corporate Bonds | Open/Demand |
| BNP Paribas SA<br> 4.24 <br><sup>(b)</sup><br>| 07/21/25 | Open | &nbsp;&nbsp;&nbsp; 8852375 | &nbsp;&nbsp;&nbsp; 8931869 | Corporate Bonds | Open/Demand |
| BNP Paribas SA<br> 4.24 <br><sup>(b)</sup><br>| 07/21/25 | Open | &nbsp;&nbsp;&nbsp; 318623 | &nbsp;&nbsp;&nbsp; 321484 | Corporate Bonds | Open/Demand |
| BNP Paribas SA<br> 4.24 <br><sup>(b)</sup><br>| 07/21/25 | Open | &nbsp;&nbsp;&nbsp; 1501520 | &nbsp;&nbsp;&nbsp; 1515004 | Corporate Bonds | Open/Demand |
| BNP Paribas SA<br> 4.24 <br><sup>(b)</sup><br>| 07/21/25 | Open | &nbsp;&nbsp;&nbsp; 957870 | &nbsp;&nbsp;&nbsp; 966472 | Corporate Bonds | Open/Demand |
| BNP Paribas SA<br> 4.24 <br><sup>(b)</sup><br>| 07/21/25 | Open | &nbsp;&nbsp;&nbsp; 185319 | &nbsp;&nbsp;&nbsp; 186983 | Corporate Bonds | Open/Demand |
| BNP Paribas SA<br> 4.24 <br><sup>(b)</sup><br>| 07/21/25 | Open | &nbsp;&nbsp;&nbsp; 1473657 | &nbsp;&nbsp;&nbsp; 1486891 | Corporate Bonds | Open/Demand |
| BNP Paribas SA<br> 4.24 <br><sup>(b)</sup><br>| 07/21/25 | Open | &nbsp;&nbsp;&nbsp; 210875 | &nbsp;&nbsp;&nbsp; 212769 | Corporate Bonds | Open/Demand |
| BNP Paribas SA<br> 4.24 <br><sup>(b)</sup><br>| 07/21/25 | Open | &nbsp;&nbsp;&nbsp; 372683 | &nbsp;&nbsp;&nbsp; 376029 | Corporate Bonds | Open/Demand |
| BNP Paribas SA<br> 4.24 <br><sup>(b)</sup><br>| 07/21/25 | Open | &nbsp;&nbsp;&nbsp; 556579 | &nbsp;&nbsp;&nbsp; 561577 | Corporate Bonds | Open/Demand |
| BNP Paribas SA<br> 4.25 <br><sup>(b)</sup><br>| 07/21/25 | Open | &nbsp;&nbsp;&nbsp; 388640 | &nbsp;&nbsp;&nbsp; 392138 | Corporate Bonds | Open/Demand |

---

Schedule of Investments

------

Schedule of Investments (unaudited)(continued)

September 30, 2025

**BlackRock Credit Allocation Income Trust (BTZ)** 

**Reverse Repurchase Agreements (continued)**

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| *Counterparty* | *Interest*<br> *Rate*<br>| &nbsp;&nbsp; *Trade*<br> *Date*<br>| &nbsp;&nbsp; *Maturity*<br> *Date*<sup>(a)</sup><br>| *Face Value* | &nbsp;&nbsp; *Face Value*<br> *Including*<br> *Accrued Interest*<br>| &nbsp;&nbsp; *Type of Non-Cash Underlying* <br> *Collateral*<br>| &nbsp;&nbsp; *Remaining*<br> *Contractual Maturity*<br> *of the Agreements*<sup>(a)</sup><br>|
| BNP Paribas SA | 4.25 %<sup>(b)</sup><br>| 07/21/25 | Open | &nbsp;&nbsp;&nbsp; $395295 | &nbsp;&nbsp;&nbsp; $398853 | Corporate Bonds | Open/Demand |
| BNP Paribas SA | 4.25 <br><sup>(b)</sup><br>| 07/21/25 | Open | &nbsp;&nbsp;&nbsp; 1988017 | &nbsp;&nbsp;&nbsp; 2005910 | Corporate Bonds | Open/Demand |
| BNP Paribas SA | 4.35 <br><sup>(b)</sup><br>| 07/21/25 | Open | &nbsp;&nbsp;&nbsp; 69438 | &nbsp;&nbsp;&nbsp; 70061 | Corporate Bonds | Open/Demand |
| BNP Paribas SA | 4.35 <br><sup>(b)</sup><br>| 07/21/25 | Open | &nbsp;&nbsp;&nbsp; 374000 | &nbsp;&nbsp;&nbsp; 377329 | Corporate Bonds | Open/Demand |
| BNP Paribas SA | 4.35 <br><sup>(b)</sup><br>| 07/21/25 | Open | &nbsp;&nbsp;&nbsp; 279923 | &nbsp;&nbsp;&nbsp; 282436 | Corporate Bonds | Open/Demand |
| BNP Paribas SA | 4.35 <br><sup>(b)</sup><br>| 07/21/25 | Open | &nbsp;&nbsp;&nbsp; 955597 | &nbsp;&nbsp;&nbsp; 964179 | Corporate Bonds | Open/Demand |
| Nomura Securities International, Inc. | 4.23 <br><sup>(b)</sup><br>| 07/22/25 | Open | &nbsp;&nbsp;&nbsp; 376650 | &nbsp;&nbsp;&nbsp; 379978 | Corporate Bonds | Open/Demand |
| BNP Paribas SA | 4.20 <br><sup>(b)</sup><br>| 07/24/25 | Open | &nbsp;&nbsp;&nbsp; 169510 | &nbsp;&nbsp;&nbsp; 170956 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC | 4.24 <br><sup>(b)</sup><br>| 07/25/25 | Open | &nbsp;&nbsp;&nbsp; 472664 | &nbsp;&nbsp;&nbsp; 476672 | Corporate Bonds | Open/Demand |
| RBC Capital Markets, LLC | 4.00 <br><sup>(b)</sup><br>| 08/05/25 | Open | &nbsp;&nbsp;&nbsp; 177000 | &nbsp;&nbsp;&nbsp; 178191 | Corporate Bonds | Open/Demand |
| RBC Capital Markets, LLC | 4.20 <br><sup>(b)</sup><br>| 08/05/25 | Open | &nbsp;&nbsp;&nbsp; 4697406 | &nbsp;&nbsp;&nbsp; 4730503 | Corporate Bonds | Open/Demand |
| RBC Capital Markets, LLC | 4.23 <br><sup>(b)</sup><br>| 08/05/25 | Open | &nbsp;&nbsp;&nbsp; 626145 | &nbsp;&nbsp;&nbsp; 630586 | Corporate Bonds | Open/Demand |
| RBC Capital Markets, LLC | 4.25 <br><sup>(b)</sup><br>| 08/05/25 | Open | &nbsp;&nbsp;&nbsp; 13080000 | &nbsp;&nbsp;&nbsp; 13173195 | Corporate Bonds | Open/Demand |
| RBC Capital Markets, LLC | 4.25 <br><sup>(b)</sup><br>| 08/05/25 | Open | &nbsp;&nbsp;&nbsp; 11062500 | &nbsp;&nbsp;&nbsp; 11141320 | Corporate Bonds | Open/Demand |
| RBC Capital Markets, LLC | 4.25 <br><sup>(b)</sup><br>| 08/05/25 | Open | &nbsp;&nbsp;&nbsp; 3040631 | &nbsp;&nbsp;&nbsp; 3062296 | Corporate Bonds | Open/Demand |
| RBC Capital Markets, LLC | 4.25 <br><sup>(b)</sup><br>| 08/05/25 | Open | &nbsp;&nbsp;&nbsp; 18464220 | &nbsp;&nbsp;&nbsp; 18595720 | Corporate Bonds | Open/Demand |
| RBC Capital Markets, LLC | 4.25 <br><sup>(b)</sup><br>| 08/05/25 | Open | &nbsp;&nbsp;&nbsp; 2342175 | &nbsp;&nbsp;&nbsp; 2358863 | Corporate Bonds | Open/Demand |
| Morgan Stanley & Co. LLC | 3.75 <br><sup>(b)</sup><br>| 08/13/25 | Open | &nbsp;&nbsp;&nbsp; 345870 | &nbsp;&nbsp;&nbsp; 347753 | Corporate Bonds | Open/Demand |
| Nomura Securities International, Inc. | 4.15 <br><sup>(b)</sup><br>| 08/14/25 | Open | &nbsp;&nbsp;&nbsp; 10767276 | &nbsp;&nbsp;&nbsp; 10830444 | Foreign Agency Obligations | Open/Demand |
| Morgan Stanley & Co. LLC | 0.50 <br><sup>(b)</sup><br>| 08/19/25 | Open | &nbsp;&nbsp;&nbsp; 182338 | &nbsp;&nbsp;&nbsp; 182501 | Corporate Bonds | Open/Demand |
| Morgan Stanley & Co. LLC | 0.75 <br><sup>(b)</sup><br>| 08/19/25 | Open | &nbsp;&nbsp;&nbsp; 184365 | &nbsp;&nbsp;&nbsp; 184585 | Corporate Bonds | Open/Demand |
| Morgan Stanley & Co. LLC | &nbsp;&nbsp; (0.25 )<sup>(b)</sup><br>| 08/26/25 | Open | &nbsp;&nbsp;&nbsp; 130000 | &nbsp;&nbsp;&nbsp; 130000 | Corporate Bonds | Open/Demand |
| Morgan Stanley & Co. LLC | 3.50 <br><sup>(b)</sup><br>| 08/26/25 | Open | &nbsp;&nbsp;&nbsp; 548144 | &nbsp;&nbsp;&nbsp; 550199 | Corporate Bonds | Open/Demand |
| Nomura Securities International, Inc. | 4.23 <br><sup>(b)</sup><br>| 08/27/25 | Open | &nbsp;&nbsp;&nbsp; 367323 | &nbsp;&nbsp;&nbsp; 368922 | Corporate Bonds | Open/Demand |
| HSBC Securities (USA), Inc. | 4.25 <br><sup>(b)</sup><br>| 09/03/25 | Open | &nbsp;&nbsp;&nbsp; 967415 | &nbsp;&nbsp;&nbsp; 970801 | Corporate Bonds | Open/Demand |
| HSBC Securities (USA), Inc. | 4.25 <br><sup>(b)</sup><br>| 09/03/25 | Open | &nbsp;&nbsp;&nbsp; 725446 | &nbsp;&nbsp;&nbsp; 727985 | Corporate Bonds | Open/Demand |
| HSBC Securities (USA), Inc. | 4.25 <br><sup>(b)</sup><br>| 09/03/25 | Open | &nbsp;&nbsp;&nbsp; 725644 | &nbsp;&nbsp;&nbsp; 728184 | Corporate Bonds | Open/Demand |
| HSBC Securities (USA), Inc. | 4.25 <br><sup>(b)</sup><br>| 09/03/25 | Open | &nbsp;&nbsp;&nbsp; 2406250 | &nbsp;&nbsp;&nbsp; 2414672 | Capital Trusts | Open/Demand |
| HSBC Securities (USA), Inc. | 4.25 <br><sup>(b)</sup><br>| 09/03/25 | Open | &nbsp;&nbsp;&nbsp; 759994 | &nbsp;&nbsp;&nbsp; 762654 | Corporate Bonds | Open/Demand |
| HSBC Securities (USA), Inc. | 4.25 <br><sup>(b)</sup><br>| 09/03/25 | Open | &nbsp;&nbsp;&nbsp; 4227112 | &nbsp;&nbsp;&nbsp; 4241907 | Corporate Bonds | Open/Demand |
| HSBC Securities (USA), Inc. | 4.25 <br><sup>(b)</sup><br>| 09/03/25 | Open | &nbsp;&nbsp;&nbsp; 1046680 | &nbsp;&nbsp;&nbsp; 1050343 | Corporate Bonds | Open/Demand |
| Morgan Stanley & Co. LLC | 3.25 <br><sup>(b)</sup><br>| 09/04/25 | Open | &nbsp;&nbsp;&nbsp; 300000 | &nbsp;&nbsp;&nbsp; 300788 | Corporate Bonds | Open/Demand |
| Morgan Stanley & Co. LLC | 3.75 <br><sup>(b)</sup><br>| 09/09/25 | Open | &nbsp;&nbsp;&nbsp; 332462 | &nbsp;&nbsp;&nbsp; 333275 | Corporate Bonds | Open/Demand |
| RBC Capital Markets, LLC | 4.25 <br><sup>(b)</sup><br>| 09/10/25 | Open | &nbsp;&nbsp;&nbsp; 4700000 | &nbsp;&nbsp;&nbsp; 4712338 | Corporate Bonds | Open/Demand |
| BNP Paribas SA | 4.24 <br><sup>(b)</sup><br>| 09/12/25 | Open | &nbsp;&nbsp;&nbsp; 405421 | &nbsp;&nbsp;&nbsp; 406382 | Corporate Bonds | Open/Demand |
| Morgan Stanley & Co. LLC | 2.35 <br><sup>(b)</sup><br>| 09/12/25 | Open | &nbsp;&nbsp;&nbsp; 615950 | &nbsp;&nbsp;&nbsp; 616795 | Corporate Bonds | Open/Demand |
| Nomura Securities International, Inc. | 4.22 <br><sup>(b)</sup><br>| 09/15/25 | Open | &nbsp;&nbsp;&nbsp; 374996 | &nbsp;&nbsp;&nbsp; 375741 | Corporate Bonds | Open/Demand |
| BNP Paribas SA | 4.21 <br><sup>(b)</sup><br>| 09/16/25 | Open | &nbsp;&nbsp;&nbsp; 438615 | &nbsp;&nbsp;&nbsp; 439430 | Corporate Bonds | Open/Demand |
| J.P. Morgan Securities LLC | 4.05 | 09/19/25 | 10/02/25 | &nbsp;&nbsp;&nbsp; 715358 | &nbsp;&nbsp;&nbsp; 716323 | Corporate Bonds | Up to 30 Days |
| J.P. Morgan Securities LLC | 4.15 | 09/19/25 | 10/02/25 | &nbsp;&nbsp;&nbsp; 187188 | &nbsp;&nbsp;&nbsp; 187446 | Corporate Bonds | Up to 30 Days |
| J.P. Morgan Securities LLC | 4.25 | 09/19/25 | 10/02/25 | &nbsp;&nbsp;&nbsp; 452356 | &nbsp;&nbsp;&nbsp; 452997 | Corporate Bonds | Up to 30 Days |
| J.P. Morgan Securities LLC | 4.25 | 09/19/25 | 10/02/25 | &nbsp;&nbsp;&nbsp; 7355720 | &nbsp;&nbsp;&nbsp; 7366141 | Corporate Bonds | Up to 30 Days |
| J.P. Morgan Securities LLC | 4.25 | 09/19/25 | 10/02/25 | &nbsp;&nbsp;&nbsp; 2665245 | &nbsp;&nbsp;&nbsp; 2669021 | Corporate Bonds | Up to 30 Days |
| Barclays Capital, Inc. | 2.75 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 154153 | &nbsp;&nbsp;&nbsp; 154295 | Corporate Bonds | Up to 30 Days |
| Barclays Capital, Inc. | 3.50 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 128482 | &nbsp;&nbsp;&nbsp; 128632 | Foreign Agency Obligations | Up to 30 Days |
| Barclays Capital, Inc. | 3.75 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 165317 | &nbsp;&nbsp;&nbsp; 165523 | Foreign Agency Obligations | Up to 30 Days |
| Barclays Capital, Inc. | 4.12 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 3626819 | &nbsp;&nbsp;&nbsp; 3631800 | Corporate Bonds | Up to 30 Days |
| Barclays Capital, Inc. | 4.20 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 4754150 | &nbsp;&nbsp;&nbsp; 4760806 | Corporate Bonds | Up to 30 Days |
| Barclays Capital, Inc. | 4.20 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 4525000 | &nbsp;&nbsp;&nbsp; 4531335 | Corporate Bonds | Up to 30 Days |
| Barclays Capital, Inc. | 4.24 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 5396514 | &nbsp;&nbsp;&nbsp; 5404141 | Capital Trusts | Up to 30 Days |
| Barclays Capital, Inc. | 4.24 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 716423 | &nbsp;&nbsp;&nbsp; 717435 | Corporate Bonds | Up to 30 Days |
| Barclays Capital, Inc. | 4.24 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 1606211 | &nbsp;&nbsp;&nbsp; 1608481 | Corporate Bonds | Up to 30 Days |
| Barclays Capital, Inc. | 4.24 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 5790000 | &nbsp;&nbsp;&nbsp; 5798183 | Capital Trusts | Up to 30 Days |
| Barclays Capital, Inc. | 4.24 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 657510 | &nbsp;&nbsp;&nbsp; 658439 | Corporate Bonds | Up to 30 Days |
| Barclays Capital, Inc. | 4.24 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 3085425 | &nbsp;&nbsp;&nbsp; 3089786 | Corporate Bonds | Up to 30 Days |
| Barclays Capital, Inc. | 4.24 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 394835 | &nbsp;&nbsp;&nbsp; 395393 | Corporate Bonds | Up to 30 Days |
| Barclays Capital, Inc. | 4.24 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 5730000 | &nbsp;&nbsp;&nbsp; 5738098 | Corporate Bonds | Up to 30 Days |
| Barclays Capital, Inc. | 4.24 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 1900000 | &nbsp;&nbsp;&nbsp; 1902685 | Corporate Bonds | Up to 30 Days |
| Barclays Capital, Inc. | 4.24 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 3109312 | &nbsp;&nbsp;&nbsp; 3113707 | Corporate Bonds | Up to 30 Days |
| Barclays Capital, Inc. | 4.24 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 482804 | &nbsp;&nbsp;&nbsp; 483486 | Corporate Bonds | Up to 30 Days |
| Barclays Capital, Inc. | 4.24 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 2004491 | &nbsp;&nbsp;&nbsp; 2007324 | Corporate Bonds | Up to 30 Days |
| Barclays Capital, Inc. | 4.24 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 4629137 | &nbsp;&nbsp;&nbsp; 4635680 | Corporate Bonds | Up to 30 Days |

---

------

Schedule of Investments (unaudited)(continued)

September 30, 2025

**BlackRock Credit Allocation Income Trust (BTZ)** 

**Reverse Repurchase Agreements (continued)**

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| *Counterparty* | *Interest*<br> *Rate*<br>| &nbsp;&nbsp; *Trade*<br> *Date*<br>| &nbsp;&nbsp; *Maturity*<br> *Date*<sup>(a)</sup><br>| *Face Value* | &nbsp;&nbsp; *Face Value*<br> *Including*<br> *Accrued Interest*<br>| &nbsp;&nbsp; *Type of Non-Cash Underlying* <br> *Collateral*<br>| &nbsp;&nbsp; *Remaining*<br> *Contractual Maturity*<br> *of the Agreements*<sup>(a)</sup><br>|
| Barclays Capital, Inc. | 4.24<br> % <br>| 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; $12330000 | &nbsp;&nbsp;&nbsp; $12347426 | Corporate Bonds | Up to 30 Days |
| Barclays Capital, Inc. | 4.24 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 5075226 | &nbsp;&nbsp;&nbsp; 5082399 | Corporate Bonds | Up to 30 Days |
| Barclays Capital, Inc. | 4.24 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 2056250 | &nbsp;&nbsp;&nbsp; 2059156 | Corporate Bonds | Up to 30 Days |
| Barclays Capital, Inc. | 4.24 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 2737587 | &nbsp;&nbsp;&nbsp; 2741457 | Corporate Bonds | Up to 30 Days |
| Barclays Capital, Inc. | 4.24 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 2513500 | &nbsp;&nbsp;&nbsp; 2517052 | Corporate Bonds | Up to 30 Days |
| Barclays Capital, Inc. | 4.24 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 11350625 | &nbsp;&nbsp;&nbsp; 11366667 | Corporate Bonds | Up to 30 Days |
| BofA Securities, Inc. | 3.70 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 127380 | &nbsp;&nbsp;&nbsp; 127537 | Corporate Bonds | Up to 30 Days |
| BofA Securities, Inc. | 3.90 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 764525 | &nbsp;&nbsp;&nbsp; 765519 | Corporate Bonds | Up to 30 Days |
| BofA Securities, Inc. | 3.95 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 242475 | &nbsp;&nbsp;&nbsp; 242794 | Corporate Bonds | Up to 30 Days |
| BofA Securities, Inc. | 4.00 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 4115035 | &nbsp;&nbsp;&nbsp; 4120522 | Corporate Bonds | Up to 30 Days |
| BofA Securities, Inc. | 4.00 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 153180 | &nbsp;&nbsp;&nbsp; 153384 | Corporate Bonds | Up to 30 Days |
| BofA Securities, Inc. | 4.00 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 366468 | &nbsp;&nbsp;&nbsp; 366956 | Corporate Bonds | Up to 30 Days |
| BofA Securities, Inc. | 4.10 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 734315 | &nbsp;&nbsp;&nbsp; 735319 | Corporate Bonds | Up to 30 Days |
| BofA Securities, Inc. | 4.10 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 3299525 | &nbsp;&nbsp;&nbsp; 3304034 | Corporate Bonds | Up to 30 Days |
| BofA Securities, Inc. | 4.10 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 887400 | &nbsp;&nbsp;&nbsp; 888613 | Corporate Bonds | Up to 30 Days |
| BofA Securities, Inc. | 4.10 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 793048 | &nbsp;&nbsp;&nbsp; 794131 | Corporate Bonds | Up to 30 Days |
| BofA Securities, Inc. | 4.10 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 2287500 | &nbsp;&nbsp;&nbsp; 2290626 | Capital Trusts | Up to 30 Days |
| BofA Securities, Inc. | 4.15 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 1262137 | &nbsp;&nbsp;&nbsp; 1263883 | Corporate Bonds | Up to 30 Days |
| BofA Securities, Inc. | 4.15 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 606000 | &nbsp;&nbsp;&nbsp; 606838 | Corporate Bonds | Up to 30 Days |
| BofA Securities, Inc. | 4.15 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 1629556 | &nbsp;&nbsp;&nbsp; 1631810 | Corporate Bonds | Up to 30 Days |
| BofA Securities, Inc. | 4.15 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 1679261 | &nbsp;&nbsp;&nbsp; 1681584 | Corporate Bonds | Up to 30 Days |
| BofA Securities, Inc. | 4.15 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 163485 | &nbsp;&nbsp;&nbsp; 163711 | Corporate Bonds | Up to 30 Days |
| BofA Securities, Inc. | 4.15 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 1478579 | &nbsp;&nbsp;&nbsp; 1480624 | Corporate Bonds | Up to 30 Days |
| BofA Securities, Inc. | 4.20 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 301559 | &nbsp;&nbsp;&nbsp; 301981 | Corporate Bonds | Up to 30 Days |
| BofA Securities, Inc. | 4.20 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 191580 | &nbsp;&nbsp;&nbsp; 191848 | Corporate Bonds | Up to 30 Days |
| BofA Securities, Inc. | 4.20 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 388281 | &nbsp;&nbsp;&nbsp; 388825 | Corporate Bonds | Up to 30 Days |
| BofA Securities, Inc. | 4.20 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 388568 | &nbsp;&nbsp;&nbsp; 389112 | Corporate Bonds | Up to 30 Days |
| BofA Securities, Inc. | 4.20 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 1962500 | &nbsp;&nbsp;&nbsp; 1965248 | Corporate Bonds | Up to 30 Days |
| BofA Securities, Inc. | 4.20 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 2888812 | &nbsp;&nbsp;&nbsp; 2892857 | Corporate Bonds | Up to 30 Days |
| BofA Securities, Inc. | 4.20 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 657525 | &nbsp;&nbsp;&nbsp; 658446 | Corporate Bonds | Up to 30 Days |
| BofA Securities, Inc. | 4.20 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 7321875 | &nbsp;&nbsp;&nbsp; 7332126 | Corporate Bonds | Up to 30 Days |
| BofA Securities, Inc. | 4.20 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 4056250 | &nbsp;&nbsp;&nbsp; 4061929 | Corporate Bonds | Up to 30 Days |
| BofA Securities, Inc. | 4.20 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 5317500 | &nbsp;&nbsp;&nbsp; 5324945 | Corporate Bonds | Up to 30 Days |
| BofA Securities, Inc. | 4.20 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 1638464 | &nbsp;&nbsp;&nbsp; 1640758 | Corporate Bonds | Up to 30 Days |
| BofA Securities, Inc. | 4.20 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 580520 | &nbsp;&nbsp;&nbsp; 581333 | Corporate Bonds | Up to 30 Days |
| BofA Securities, Inc. | 4.20 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 5251415 | &nbsp;&nbsp;&nbsp; 5258767 | Corporate Bonds | Up to 30 Days |
| BofA Securities, Inc. | 4.20 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 90145 | &nbsp;&nbsp;&nbsp; 90271 | Corporate Bonds | Up to 30 Days |
| BofA Securities, Inc. | 4.20 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 1304485 | &nbsp;&nbsp;&nbsp; 1306311 | Corporate Bonds | Up to 30 Days |
| BofA Securities, Inc. | 4.20 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 82031 | &nbsp;&nbsp;&nbsp; 82146 | Corporate Bonds | Up to 30 Days |
| BofA Securities, Inc. | 4.20 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 733564 | &nbsp;&nbsp;&nbsp; 734591 | Corporate Bonds | Up to 30 Days |
| BofA Securities, Inc. | 4.20 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 1706250 | &nbsp;&nbsp;&nbsp; 1708639 | Corporate Bonds | Up to 30 Days |
| BofA Securities, Inc. | 4.23 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 11055000 | &nbsp;&nbsp;&nbsp; 11070588 | Corporate Bonds | Up to 30 Days |
| BofA Securities, Inc. | 4.23 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 5106250 | &nbsp;&nbsp;&nbsp; 5113450 | Capital Trusts | Up to 30 Days |
| BofA Securities, Inc. | 4.23 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 2823750 | &nbsp;&nbsp;&nbsp; 2827732 | Corporate Bonds | Up to 30 Days |
| BofA Securities, Inc. | 4.24 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 5393250 | &nbsp;&nbsp;&nbsp; 5400872 | Corporate Bonds | Up to 30 Days |
| BofA Securities, Inc. | 4.25 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 9984281 | &nbsp;&nbsp;&nbsp; 9998426 | Corporate Bonds | Up to 30 Days |
| BofA Securities, Inc. | 4.25 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 4765000 | &nbsp;&nbsp;&nbsp; 4771750 | Corporate Bonds | Up to 30 Days |
| BofA Securities, Inc. | 4.25 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 7117837 | &nbsp;&nbsp;&nbsp; 7127921 | Corporate Bonds | Up to 30 Days |
| BofA Securities, Inc. | 4.25 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 1522035 | &nbsp;&nbsp;&nbsp; 1524191 | Corporate Bonds | Up to 30 Days |
| BofA Securities, Inc. | 4.25 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 384000 | &nbsp;&nbsp;&nbsp; 384544 | Corporate Bonds | Up to 30 Days |
| BofA Securities, Inc. | 4.25 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 1168000 | &nbsp;&nbsp;&nbsp; 1169655 | Corporate Bonds | Up to 30 Days |
| BofA Securities, Inc. | 4.25 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 5378786 | &nbsp;&nbsp;&nbsp; 5386406 | Corporate Bonds | Up to 30 Days |
| BofA Securities, Inc. | 4.25 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 4308650 | &nbsp;&nbsp;&nbsp; 4314754 | Corporate Bonds | Up to 30 Days |
| BofA Securities, Inc. | 4.25 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 7561225 | &nbsp;&nbsp;&nbsp; 7571937 | Corporate Bonds | Up to 30 Days |
| Morgan Stanley & Co. LLC | 3.75 <br><sup>(b)</sup><br>| 09/23/25 | Open | &nbsp;&nbsp;&nbsp; 91406 | &nbsp;&nbsp;&nbsp; 91473 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC | 4.25 <br><sup>(b)</sup><br>| 09/24/25 | Open | &nbsp;&nbsp;&nbsp; 6063581 | &nbsp;&nbsp;&nbsp; 6068592 | Corporate Bonds | Open/Demand |

---

Schedule of Investments

------

Schedule of Investments (unaudited)(continued)

September 30, 2025

**BlackRock Credit Allocation Income Trust (BTZ)** 

**Reverse Repurchase Agreements (continued)**

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| *Counterparty* | *Interest*<br> *Rate*<br>| &nbsp;&nbsp; *Trade*<br> *Date*<br>| &nbsp;&nbsp; *Maturity*<br> *Date*<sup>(a)</sup><br>| *Face Value* | &nbsp;&nbsp; *Face Value*<br> *Including*<br> *Accrued Interest*<br>| &nbsp;&nbsp; *Type of Non-Cash Underlying* <br> *Collateral*<br>| &nbsp;&nbsp; *Remaining*<br> *Contractual Maturity*<br> *of the Agreements*<sup>(a)</sup><br>|
| J.P. Morgan Securities LLC | 4.15<br> % <br>| 09/29/25 | 10/02/25 | &nbsp;&nbsp;&nbsp; $2798375 | &nbsp;&nbsp;&nbsp; $2798375 | Corporate Bonds | Up to 30 Days |
| BofA Securities, Inc. | 4.10 <br><sup>(b)</sup><br>| 09/30/25 | Open | &nbsp;&nbsp;&nbsp; 506605 | &nbsp;&nbsp;&nbsp; 506605 | Corporate Bonds | Open/Demand |
|  |  |  |  | &nbsp;&nbsp;&nbsp; $573724116 | &nbsp;&nbsp;&nbsp; $577147542 |  |  |

---

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

<sup>(a)</sup> Certain agreements have no stated maturity and can be terminated by either party at any time.

<sup>(b)</sup> Variable rate security. Rate as of period end and maturity is the date the principal owed can be recovered through demand.

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

**Futures Contracts** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| *Description* | *Number of* <br>*Contracts*<br>| &nbsp;&nbsp;&nbsp; *Expiration* <br>*Date*<br>| &nbsp;&nbsp;&nbsp; *Notional* <br>*Amount (000)*<br>| &nbsp;&nbsp;&nbsp; *Value/* <br>*Unrealized* <br>*Appreciation* <br>&nbsp;&nbsp;&nbsp;&nbsp;*(Depreciation)*<br>|
| Long Contracts  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 2-Year U.S. Treasury Note | &nbsp;&nbsp; 197 | &nbsp;&nbsp;&nbsp;&nbsp; 12/31/25 | &nbsp;&nbsp;&nbsp;&nbsp; $41048 | &nbsp;&nbsp;&nbsp;&nbsp; $54426 |
| &nbsp;&nbsp;&nbsp; 5-Year U.S. Treasury Note | &nbsp;&nbsp; 957 | &nbsp;&nbsp;&nbsp;&nbsp; 12/31/25 | &nbsp;&nbsp;&nbsp;&nbsp; 104477 | &nbsp;&nbsp;&nbsp;&nbsp; 265902 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; 320328 |
| Short Contracts  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 10-Year U.S. Treasury Note | &nbsp;&nbsp; 6 | &nbsp;&nbsp;&nbsp;&nbsp; 12/19/25 | &nbsp;&nbsp;&nbsp;&nbsp; 675 | &nbsp;&nbsp;&nbsp;&nbsp; 5804 |
| &nbsp;&nbsp;&nbsp; 10-Year U.S. Ultra Long Treasury Note | &nbsp;&nbsp; 785 | &nbsp;&nbsp;&nbsp;&nbsp; 12/19/25 | &nbsp;&nbsp;&nbsp;&nbsp; 90336 | &nbsp;&nbsp;&nbsp;&nbsp; (1276936)<br>|
| &nbsp;&nbsp;&nbsp; U.S. Long Bond | &nbsp;&nbsp; 856 | &nbsp;&nbsp;&nbsp;&nbsp; 12/19/25 | &nbsp;&nbsp;&nbsp;&nbsp; 99831 | &nbsp;&nbsp;&nbsp;&nbsp; (2491495)<br>|
| &nbsp;&nbsp;&nbsp; Ultra U.S. Treasury Bond | &nbsp;&nbsp; 161 | &nbsp;&nbsp;&nbsp;&nbsp; 12/19/25 | &nbsp;&nbsp;&nbsp;&nbsp; 19350 | &nbsp;&nbsp;&nbsp;&nbsp; (527635)<br>|
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; (4290262)<br>|
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; $(3969934)<br>|

---

**Forward Foreign Currency Exchange Contracts** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| *Currency Purchased* | *Currency Purchased* | *Currency Sold* | *Currency Sold* | *Counterparty* | *Settlement Date* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Unrealized* <br>*Appreciation* <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*(Depreciation)*<br>|
| USD | 460515 | EUR | 390000 | Deutsche Bank AG | 12/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $627 |
| USD | 6096960 | EUR | 5156000 | Morgan Stanley & Co. International PLC | 12/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17011 |
| USD | 277899 | GBP | 205000 | Morgan Stanley & Co. International PLC | 12/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2167 |
|  |  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $19805 |

---

**Exchange-Traded Options Purchased** 

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| *Description* | *Number of* <br>*Contracts*<br>| &nbsp;&nbsp; *Expiration* <br>*Date*<br>| *Exercise Price* | *Exercise Price* | &nbsp;&nbsp;&nbsp; *Notional* <br>*Amount (000)* | &nbsp;&nbsp;&nbsp; *Notional* <br>*Amount (000)* | *Value* |
| Call  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; iShares MSCI Emerging Markets ETF | &nbsp;&nbsp; 3428 | &nbsp;&nbsp;&nbsp;&nbsp; 10/17/25 | USD | 54.00 | USD | 18306 | &nbsp;&nbsp;&nbsp;&nbsp; $159402 |

---

**Centrally Cleared Credit Default Swaps — Sell Protection** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| *Reference Obligation/Index* | *Financing* <br>*Rate Received* <br>*by the Trust*<br>| &nbsp;&nbsp;&nbsp; *Payment* <br>*Frequency*<br>| &nbsp;&nbsp;&nbsp; *Termination* <br>*Date*<br>| &nbsp;&nbsp;&nbsp; *Notional* <br>*Amount (000)* | &nbsp;&nbsp;&nbsp; *Notional* <br>*Amount (000)* | *Value* | &nbsp;&nbsp; *Upfront* <br>*Premium* <br>*Paid* <br>*(Received)*<br>| &nbsp;&nbsp; *Unrealized* <br>*Appreciation* <br>*(Depreciation)*<br>|
| CDX.NA.HY.44.V1 | 5.00<br> % <br>| Quarterly | 06/20/30<br> B | USD | 48925 | &nbsp;&nbsp;&nbsp; $3974321 | &nbsp;&nbsp;&nbsp; $2621647 | &nbsp;&nbsp;&nbsp; $1352674 |

---

------

Schedule of Investments (unaudited)(continued)

September 30, 2025

**BlackRock Credit Allocation Income Trust (BTZ)** 

**Fair Value Hierarchy as of Period End**

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

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

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

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

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

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | *Level 1* | *Level 2* | *Level 3* | *Total* |
| Assets |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Investments  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Long-Term Investments  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Asset-Backed Securities | &nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $169516763 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $169516763 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Common Stocks | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 82 | &nbsp;&nbsp;&nbsp;&nbsp; 232977 | &nbsp;&nbsp;&nbsp;&nbsp; 233059 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Corporate Bonds | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1187617912 | &nbsp;&nbsp;&nbsp;&nbsp; 864000 | &nbsp;&nbsp;&nbsp;&nbsp; 1188481912 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fixed Rate Loan Interests | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 426262 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 426262 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Floating Rate Loan Interests | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 79601976 | &nbsp;&nbsp;&nbsp;&nbsp; 2332764 | &nbsp;&nbsp;&nbsp;&nbsp; 81934740 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign Agency Obligations | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 29331748 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 29331748 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investment Companies  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Equity Funds | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 19448 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 19448 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fixed Income Funds | &nbsp;&nbsp; 29705901 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 29705901 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Municipal Bonds | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 10635991 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 10635991 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Preferred Securities |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital Trusts | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 110996483 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 110996483 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Preferred Stocks | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 3966 | &nbsp;&nbsp;&nbsp;&nbsp; 11936 | &nbsp;&nbsp;&nbsp;&nbsp; 15902 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; U.S. Government Sponsored Agency Securities | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 159801842 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 159801842 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Warrants | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Short-Term Securities  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Money Market Funds | &nbsp;&nbsp; 7118657 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 7118657 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Options Purchased  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Equity Contracts | &nbsp;&nbsp; 159402 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 159402 |
| &nbsp;&nbsp;&nbsp; Unfunded Floating Rate Loan Interests<sup>(a)</sup> | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1360 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1360 |
| Liabilities |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Unfunded Floating Rate Loan Interests<sup>(a)</sup> | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (30)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (30)<br>|
|  | &nbsp;&nbsp; $36983960 | &nbsp;&nbsp;&nbsp;&nbsp; $1747953803 | &nbsp;&nbsp;&nbsp;&nbsp; $3441677 | &nbsp;&nbsp;&nbsp;&nbsp; $1788379440 |
| Derivative Financial Instruments<sup>(b)</sup> <br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Assets  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Credit Contracts | &nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $1352674 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $1352674 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign Currency Exchange Contracts | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 19805 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 19805 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest Rate Contracts | &nbsp;&nbsp; 326132 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 326132 |
| &nbsp;&nbsp;&nbsp; Liabilities  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest Rate Contracts | &nbsp;&nbsp; (4296066)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (4296066)<br>|
|  | &nbsp;&nbsp; $(3969934)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $1372479 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $(2597455)<br>|

---

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

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

<sup>(b)</sup> Derivative financial instruments are swaps, futures contracts, forward foreign currency exchange contracts and options written. Swaps, futures contracts and forward foreign currency exchange contracts are valued at the unrealized appreciation (depreciation) on the instrument and options written are shown at value. 

Schedule of Investments

------

Schedule of Investments (unaudited)(continued)

September 30, 2025

**BlackRock Credit Allocation Income Trust (BTZ)** 

The Trust may hold assets and/or liabilities in which the fair value approximates the carrying amount or face value, including accrued interest, for financial reporting purposes. As of period end, reverse repurchase agreements of $576,640,937 are categorized as Level 2 within the fair value hierarchy.

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

---

| | |
|:---|:---|
| **Currency Abbreviation**  | **Currency Abbreviation**  |
| EUR | Euro |
| GBP | British Pound |
| USD | United States Dollar |

---

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

---

| | |
|:---|:---|
| **Portfolio Abbreviation**  | **Portfolio Abbreviation**  |
| BAB | Build America Bond |
| CLO | Collateralized Loan Obligation |
| CME | Chicago Mercantile Exchange  |
| CMT | Constant Maturity Treasury |
| DAC | Designated Activity Company  |
| ETF | Exchange-Traded Fund |
| GO | General Obligation Bonds |
| MSCI | Morgan Stanley Capital International |
| PCL | Public Company Limited |
| PIK | Payment-in-Kind |
| PJSC | Public Joint Stock Company |
| RB | Revenue Bonds |
| REIT | Real Estate Investment Trust |
| SOFR | Secured Overnight Financing Rate  |
| TBA | To-Be-Announced |

---

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** BlackRock Credit Allocation Income Trust

- **b. Investment Company Act file number:** 811-21972

- **c. CIK number of Registrant:** 0001379384

- **d. LEI of Registrant:** WU48CSUCFTU86AQUYZ93

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

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

  - **City:** Wilmington

  - **State:** DE

  - **Foreign country:** US

  - **Zip / Postal Code:** 19809

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

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

- **a. Name of Series:** BlackRock Credit Allocation Income Trust

- **c. LEI of Series:** WU48CSUCFTU86AQUYZ93

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

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-09-30

**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:** $1825757256.44

**Total Liabilities:** $756457344.33

**Net Assets:** $1069299912.11

**Delayed Delivery Securities:** $10251416.97

**Cash Not Reported:** $9944276.71

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 52461.86000000 | **1-Year:** 15684.01000000 | **5-Year:** 174385.51000000 | **10-Year:** 94978.53000000 | **30-Year:** 323682.82000000

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

- **3-Month:** 18162.14000000 | **1-Year:** 20243.13000000 | **5-Year:** 158500.34000000 | **10-Year:** 3960.52000000 | **30-Year:** 14609.19000000

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | 0.32%                | 1.57%                | 1.29%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $2049016.94              | $-4953996.74                               |
| Month 2  | $2111904.19              | $7386957.52                                |
| Month 3  | $1988527.87              | $7301661.37                                |

**Designated Index Information**

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

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

### Schedule of Portfolio Investments

| Name                                                 | Title                                                                            | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| CHS/COMMUNITY HEALTH SYS                             | CHS/Community Health Systems Inc                                                 | CUSIP: 12543DBH2<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |   1211000 | PA      | $1175445.04   | 0.11%             | 2029-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| JANE STREET GRP/JSG FIN                              | Jane Street Group / JSG Finance Inc                                              | CUSIP: 47077WAE8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    172000 | PA      | $178645.10    | 0.02%             | 2033-05-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| SAUDI AWWAL BANK                                     | Saudi Awwal Bank                                                                 | CUSIP: 000000000<br>LEI: 558600TQS0WENZUC5190 | Long             | DBT              | CORP              | SA        |    200000 | PA      | $202101.00    | 0.02%             | 2035-09-04      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| SCIENTIFIC GAMES HOLDINGS LP                         | Scientific Games Holdings LP 2024 USD Term Loan B                                | CUSIP: 80875CAE7<br>LEI: 549300W5GPFXXB6TQ330 | Long             | LON              | CORP              | US        |     98197 | PA      | $97326.02     | 0.01%             | 2029-04-04      | Floating      | 7.29%                 | No            |                  2 | On Loan: No      |
| TK ELEVATOR MIDCO GMBH                               | TK Elevator Midco GmbH 2025 USD Term Loan B                                      | CUSIP: 000000000<br>LEI: 549300C2AFWPAYWS5574 | Long             | LON              | CORP              | US        |    343277 | PA      | $344025.50    | 0.03%             | 2030-04-30      | Floating      | 7.20%                 | No            |                  2 | On Loan: No      |
| MATADOR RESOURCES CO                                 | Matador Resources Co                                                             | CUSIP: 576485AG1<br>LEI: 549300CI3Q2UUK5R4G79 | Long             | DBT              | CORP              | US        |    437000 | PA      | $441181.65    | 0.04%             | 2032-04-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| TKO WORLDWIDE HOLDINGS LLC                           | TKO WORLDWIDE HOLDINGS LLC 2025 TERM LOAN                                        | CUSIP: 90266UAL7<br>LEI: 549300JEOTH7UMZ3C491 | Long             | LON              | CORP              | US        |    108728 | PA      | $108846.01    | 0.01%             | 2031-11-21      | Floating      | 6.04%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                | RRP RAYTHEON TE                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |  -1341044 | PA      | $-1341043.75  | -0.13%            |  |  |  | No            |                  2 | On Loan: No      |
| Silver Point CLO, Ltd                                | Silver Point CLO 9 Ltd                                                           | CUSIP: 82809VAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1500000 | PA      | $1507637.55   | 0.14%             | 2038-03-31      | Floating      | 5.81%                 | No            |                  2 | On Loan: No      |
| CROWN FINANCE US INC                                 | Crown Finance US Inc 2025 Term Loan B                                            | CUSIP: 22834KAV3<br>LEI: 254900ABTWPQTCKKR839 | Long             | LON              | CORP              | US        |    134189 | PA      | $133803.44    | 0.01%             | 2031-12-02      | Floating      | 8.78%                 | No            |                  2 | On Loan: No      |
| STUDIO CITY FINANCE LTD                              | Studio City Finance Ltd                                                          | CUSIP: 000000000<br>LEI: 254900D6R731QAUIG324 | Long             | DBT              | CORP              | VG        |    530000 | PA      | $510920.00    | 0.05%             | 2029-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OUTFRONT MEDIA CAP LLC/C                             | Outfront Media Capital LLC / Outfront Media Capital Corp                         | CUSIP: 69007TAC8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    176000 | PA      | $169152.02    | 0.02%             | 2030-03-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| NISSAN MOTOR ACCEPTANCE                              | Nissan Motor Acceptance Co LLC                                                   | CUSIP: 65480CAL9<br>LEI: 7D6DIU2QXTUJRFNNJA49 | Long             | DBT              | CORP              | US        |    575000 | PA      | $575196.40    | 0.05%             | 2030-09-30      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| HERENS HOLDCO SARL                                   | Herens Holdco Sarl                                                               | CUSIP: 427169AA5<br>LEI: 2221002FZ55AMAUX4G64 | Long             | DBT              | CORP              | LU        |    200000 | PA      | $175217.82    | 0.02%             | 2028-05-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| NATIONSTAR MTG HLD INC                               | Nationstar Mortgage Holdings Inc                                                 | CUSIP: 63861CAA7<br>LEI: 549300DQF6YN0E43PM71 | Long             | DBT              | CORP              | US        |    244000 | PA      | $244000.00    | 0.02%             | 2027-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BALL CORP                                            | Ball Corp                                                                        | CUSIP: 058498BA3<br>LEI: 0BGI85ALH27ZJP15DY16 | Long             | DBT              | CORP              | US        |    255000 | PA      | $257740.97    | 0.02%             | 2033-09-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CIFC Funding Ltd                                     | CIFC Funding 2013-II Ltd                                                         | CUSIP: 12549BAU2<br>LEI: 2549009RG3XZEWMXDF59 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1001956.00   | 0.09%             | 2030-10-18      | Floating      | 6.54%                 | No            |                  2 | On Loan: No      |
| Time Warner Cable LLC                                | Time Warner Cable LLC                                                            | CUSIP: 88732JAJ7<br>LEI: 549300U5NFR7S6E3GM41 | Long             | DBT              | CORP              | US        |   3519000 | PA      | $3660680.99   | 0.34%             | 2037-05-01      | Fixed         | 6.55%                 | No            |                  2 | On Loan: No      |
| Core & Main LP                                       | Core & Main LP 2024 Term Loan D                                                  | CUSIP: 40416VAG0<br>LEI: 549300ZSLF8Q660SCD17 | Long             | LON              | CORP              | US        |    467836 | PA      | $467639.68    | 0.04%             | 2028-07-27      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| CHART INDUSTRIES INC                                 | Chart Industries Inc 2024 Term Loan B                                            | CUSIP: 16115EAT4<br>LEI: EM7QGKC1GYOF3LSZSL80 | Long             | LON              | CORP              | US        |     64322 | PA      | $64563.30     | 0.01%             | 2030-03-15      | Floating      | 6.79%                 | No            |                  2 | On Loan: No      |
| HILCORP ENERGY I/HILCORP                             | Hilcorp Energy I LP / Hilcorp Finance Co                                         | CUSIP: 431318AS3<br>LEI: 549300ITPIHLG0LHEC09 | Long             | DBT              | CORP              | US        |    238000 | PA      | $238586.91    | 0.02%             | 2028-11-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| STARWOOD PROPERTY TRUST                              | Starwood Property Trust Inc                                                      | CUSIP: 85571BBB0<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              |  | US        |    250000 | PA      | $262511.31    | 0.02%             | 2029-04-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| ZAYO GROUP HOLDINGS INC                              | Zayo Group Holdings Inc                                                          | CUSIP: 98919VAD7<br>LEI: 529900Z6OTS7RT0V0I47 | Long             | DBT              | CORP              | US        |    422809 | PA      | $400611.94    | 0.04%             | 2030-09-09      | Fixed         | 13.75%                | No            |                  2 | On Loan: No      |
| New Mountain CLO Ltd                                 | New Mountain CLO 5 Ltd                                                           | CUSIP: 64754WAJ2<br>LEI: 2549000KVE2J1UOHZ207 | Long             | ABS-CBDO         | CORP              | KY        |   2500000 | PA      | $2509170.00   | 0.23%             | 2036-07-20      | Floating      | 5.58%                 | No            |                  2 | On Loan: No      |
| PERFORMANCE FOOD GROUP I                             | Performance Food Group Inc                                                       | CUSIP: 71376LAF7<br>LEI: 549300OMUOGBYK0FFO76 | Long             | DBT              | CORP              | US        |    712000 | PA      | $729309.43    | 0.07%             | 2032-09-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| Penn Entertainment Inc                               | PENN Entertainment Inc 2022 Term Loan B                                          | CUSIP: 70757DAZ2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    189806 | PA      | $189568.49    | 0.02%             | 2029-05-03      | Floating      | 6.66%                 | No            |                  2 | On Loan: No      |
| American Airlines, Inc.                              | American Airlines Inc 2025 Term Loan B                                           | CUSIP: 02376CBT1<br>LEI: IWUQB36BXD6OWD6X4T14 | Long             | LON              | CORP              | KY        |     91770 | PA      | $92114.14     | 0.01%             | 2032-05-28      | Floating      | 7.58%                 | No            |                  2 | On Loan: No      |
| ANTERO MIDSTREAM PART/FI                             | Antero Midstream Partners LP / Antero Midstream Finance Corp                     | CUSIP: 03690AAK2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    417000 | PA      | $429481.64    | 0.04%             | 2032-02-01      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| VIKING OCEAN CRUISES SHI                             | Viking Ocean Cruises Ship VII Ltd                                                | CUSIP: 92682RAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    283000 | PA      | $282756.62    | 0.03%             | 2029-02-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| Madison Safety & Flow LLC                            | Madison Safety & Flow LLC 2025 Term Loan B                                       | CUSIP: 55822DAM3<br>LEI: 5493007D2J7BBIFYBY65 | Long             | LON              | CORP              | US        |     71992 | PA      | $72037.15     | 0.01%             | 2031-09-26      | Floating      | 6.91%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS                               | Verizon Communications Inc                                                       | CUSIP: 92343VBT0<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |  13225000 | PA      | $14765607.10  | 1.38%             | 2043-09-15      | Fixed         | 6.55%                 | No            |                  2 | On Loan: No      |
| HANESBRANDS INC                                      | Hanesbrands Inc                                                                  | CUSIP: 410345AQ5<br>LEI: GX5LWVWZLL5S4W1L2F20 | Long             | DBT              | CORP              | US        |     21000 | PA      | $22226.25     | 0.00%             | 2031-02-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Amentum Government Services Holdings LLC             | Amentum Government Services Holdings LLC 2024 Term Loan B                        | CUSIP: 02351XAB4<br>LEI: 2549009FJIBLW40CU216 | Long             | LON              | CORP              | US        |    178400 | PA      | $178187.64    | 0.02%             | 2031-09-29      | Floating      | 6.41%                 | No            |                  2 | On Loan: No      |
| ALLIED UNIVERSAL HOLDCO                              | Allied Universal Holdco LLC                                                      | CUSIP: 019576AD9<br>LEI: 98450038B4549046D794 | Long             | DBT              | CORP              | US        |   2973000 | PA      | $3117177.78   | 0.29%             | 2031-02-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| NEPTUNE BIDCO US INC                                 | Neptune Bidco US Inc                                                             | CUSIP: 640695AA0<br>LEI: 549300VG15T3VCYZ4531 | Long             | DBT              | CORP              | US        |    329000 | PA      | $322976.01    | 0.03%             | 2029-04-15      | Fixed         | 9.29%                 | No            |                  2 | On Loan: No      |
| LIGHTNING POWER LLC                                  | Lightning Power LLC                                                              | CUSIP: 53229KAA7<br>LEI: 254900BWCHJ03XRL8K59 | Long             | DBT              | CORP              | US        |     13000 | PA      | $13763.31     | 0.00%             | 2032-08-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| HILCORP ENERGY I/HILCORP                             | Hilcorp Energy I LP / Hilcorp Finance Co                                         | CUSIP: 431318BG8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    191000 | PA      | $186661.76    | 0.02%             | 2035-02-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| ALLIED UNIVERSAL HOLDCO LLC                          | Allied Universal Holdco LLC 2025 USD Term Loan B                                 | CUSIP: 01957TAX5<br>LEI: 98450038B4549046D794 | Long             | LON              | CORP              | US        |    680324 | PA      | $682487.52    | 0.06%             | 2032-08-20      | Floating      | 7.51%                 | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                  | RRP METLIFE INC                                                                  | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |  -5106250 | PA      | $-5106250.00  | -0.48%            |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                         | Barclays PLC                                                                     | CUSIP: 06738ECN3<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |   3340000 | PA      | $3791775.08   | 0.35%             | 2029-12-15      | Fixed         | 9.63%                 | No            |                  2 | On Loan: No      |
| ARDAGH PKG FIN/HLDGS USA                             | Ardagh Packaging Finance PLC / Ardagh Holdings USA Inc                           | CUSIP: 03969AAN0<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    900000 | PA      | $864000.00    | 0.08%             | 2026-08-15      | Fixed         | 4.13%                 | No            |                  3 | On Loan: No      |
| ACURIS FIN US/ACURIS FIN                             | Acuris Finance US Inc / Acuris Finance SARL                                      | CUSIP: 00511BAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    724000 | PA      | $703638.22    | 0.07%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BARCLAYS CAPITAL INC                                 | RRP BLUE OWL CA                                                                  | CUSIP: 000000000<br>LEI: AC28XWWI3WIBK2824319 | Short            | RA               | CORP              | US        |  -4629138 | PA      | $-4629137.50  | -0.43%            |  |  |  | No            |                  2 | On Loan: No      |
| NOMURA SECURITIES INTERNATIONAL INC                  | RRP CHS/COMMUNI                                                                  | CUSIP: 000000000<br>LEI: OXTKY6Q8X53C9ILVV871 | Short            | RA               | CORP              | US        |   -426250 | PA      | $-426250.00   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| ION TRADING TECHNOLOGIES                             | ION Trading Technologies Sarl                                                    | CUSIP: 46205YAB7<br>LEI: 5493009ZVXOKZLQ6QJ12 | Long             | DBT              | CORP              | LU        |    400000 | PA      | $422469.64    | 0.04%             | 2029-05-30      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS SA                                       | RRP LIFEPOINT H                                                                  | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | Short            | RA               | CORP              | US        |   -169510 | PA      | $-169510.00   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| OUTFRONT MEDIA CAP LLC/C                             | Outfront Media Capital LLC / Outfront Media Capital Corp                         | CUSIP: 69007TAE4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    373000 | PA      | $358263.14    | 0.03%             | 2029-01-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                | RRP MARATHON PE                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |   -899520 | PA      | $-899520.00   | -0.08%            |  |  |  | No            |                  2 | On Loan: No      |
| CROWN AMER/CAP CORP V                                | Crown Americas LLC / Crown Americas Capital Corp V                               | CUSIP: 22819KAB6<br>LEI: RPPGGRL1J75WGF2DFO04 | Long             | DBT              | CORP              | US        |    224000 | PA      | $222880.43    | 0.02%             | 2026-09-30      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| CLARIOS GLOBAL LP                                    | Clarios Global LP 2025 USD Term Loan B                                           | CUSIP: 000000000<br>LEI: 549300474L1ZLXZY2P98 | Long             | LON              | CORP              | US        |    223000 | PA      | $222930.87    | 0.02%             | 2032-01-28      | Floating      | 6.91%                 | No            |                  2 | On Loan: No      |
| ASBURY AUTOMOTIVE GROUP                              | Asbury Automotive Group Inc                                                      | CUSIP: 043436AU8<br>LEI: 549300JH4DTA7U42GL91 | Long             | DBT              | CORP              | US        |    221000 | PA      | $218297.48    | 0.02%             | 2028-03-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ADVANCE AUTO PARTS                                   | Advance Auto Parts Inc                                                           | CUSIP: 00751YAK2<br>LEI: 529900UCNQ5H9FSL0Y70 | Long             | DBT              | CORP              | US        |    217000 | PA      | $223261.06    | 0.02%             | 2030-08-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| ACE Capital Trust II                                 | ACE Capital Trust II                                                             | CUSIP: 00440FAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   7000000 | PA      | $8403006.15   | 0.79%             | 2030-04-01      | Fixed         | 9.70%                 | No            |                  2 | On Loan: No      |
| Flutter Financing BV                                 | Flutter Financing BV 2024 Term Loan B                                            | CUSIP: 000000000<br>LEI: 635400VFWPBIKJK6GN11 | Long             | LON              | CORP              | NL        |    454898 | PA      | $452964.19    | 0.04%             | 2030-11-30      | Floating      | 5.75%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                | RRP ENBRIDGE IN                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |  -6063581 | PA      | $-6063581.25  | -0.57%            |  |  |  | No            |                  2 | On Loan: No      |
| NASSAU COMPANIES OF NY                               | Nassau Cos of New York/The                                                       | CUSIP: 63155AAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    125000 | PA      | $127664.38    | 0.01%             | 2030-07-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS SA                                       | RRP CAESARS ENT                                                                  | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | Short            | RA               | CORP              | US        |    -92950 | PA      | $-92950.00    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| ALLIANT HOLD / CO-ISSUER                             | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer                   | CUSIP: 01883LAD5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      2000 | PA      | $1989.57      | 0.00%             | 2029-11-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Clear Channel Outdoor Holdings Inc                   | Clear Channel Outdoor Holdings Inc 2024 Term Loan                                | CUSIP: 18452RAF2<br>LEI: 254900XBEE6V1ENYS150 | Long             | LON              | CORP              | US        |     83517 | PA      | $83579.34     | 0.01%             | 2028-08-23      | Floating      | 8.28%                 | No            |                  2 | On Loan: No      |
| KOREA DEVELOPMENT BANK                               | Korea Development Bank/The                                                       | CUSIP: 500630DX3<br>LEI: 549300ML2LNRZUCS7149 | Long             | DBT              | NUSS              | KR        |    200000 | PA      | $200015.66    | 0.02%             | 2033-02-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| MOOG INC                                             | Moog Inc                                                                         | CUSIP: 615394AM5<br>LEI: 549300WM2I4U7OBAHG07 | Long             | DBT              | CORP              | US        |    320000 | PA      | $315107.04    | 0.03%             | 2027-12-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| US FOODS INC                                         | US Foods Inc 2024 1st Lien Term Loan B                                           | CUSIP: 90351HAG3<br>LEI: 5493000JOOFAOUY1JZ87 | Long             | LON              | CORP              | US        |    163762 | PA      | $164697.58    | 0.02%             | 2031-10-03      | Floating      | 5.91%                 | No            |                  2 | On Loan: No      |
| MELCO RESORTS FINANCE                                | Melco Resorts Finance Ltd                                                        | CUSIP: 000000000<br>LEI: 5493000FQDBWKDBZEF60 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $209500.00    | 0.02%             | 2032-04-17      | Fixed         | 7.63%                 | No            |                  2 | On Loan: No      |
| BOOTS GROUP FINCO LP                                 | Boots Group Finco LP                                                             | CUSIP: 000000000<br>LEI: 254900YVLYOVF1PF1N93 | Long             | DBT              | CORP              | US        |    205000 | PA      | $280866.34    | 0.03%             | 2032-08-31      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| DISH NETWORK CORP                                    | DISH Network Corp                                                                | CUSIP: 25470MAG4<br>LEI: 529900U350CWHH15G169 | Long             | DBT              | CORP              | US        |   2210000 | PA      | $2338747.97   | 0.22%             | 2027-11-15      | Fixed         | 11.75%                | No            |                  2 | On Loan: No      |
| Export-Import Bank of India                          | Export-Import Bank of India                                                      | CUSIP: 30216KAC6<br>LEI: 335800OFZ8YEIVN1QI11 | Long             | DBT              | NUSS              | IN        |    200000 | PA      | $198000.00    | 0.02%             | 2028-02-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| DELUXE CORP                                          | Deluxe Corp                                                                      | CUSIP: 248019AW1<br>LEI: KWGNKB8TX9LE5TV29231 | Long             | DBT              | CORP              | US        |    164000 | PA      | $171251.42    | 0.02%             | 2029-09-15      | Fixed         | 8.13%                 | No            |                  2 | On Loan: No      |
| FIESTA PURCHASER INC                                 | Fiesta Purchaser Inc                                                             | CUSIP: 31659AAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     28000 | PA      | $29549.32     | 0.00%             | 2031-03-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| KEHE DIST/FIN / NEXTWAVE                             | KeHE Distributors LLC / KeHE Finance Corp / NextWave Distribution Inc            | CUSIP: 487526AC9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    214000 | PA      | $225160.74    | 0.02%             | 2029-02-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                        | TransDigm Inc                                                                    | CUSIP: 893647CA3<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |   1763000 | PA      | $1822869.77   | 0.17%             | 2034-01-31      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| MELCO RESORTS FINANCE                                | Melco Resorts Finance Ltd                                                        | CUSIP: 58547DAH2<br>LEI: 5493000FQDBWKDBZEF60 | Long             | DBT              | CORP              | KY        |    576000 | PA      | $603360.00    | 0.06%             | 2032-04-17      | Fixed         | 7.63%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                | RRP ACE CAPITAL                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |  -8102500 | PA      | $-8102500.00  | -0.76%            |  |  |  | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                | RRP SPRINT CAPI                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |  -3015712 | PA      | $-3015712.50  | -0.28%            |  |  |  | No            |                  2 | On Loan: No      |
| STANDARD INDUSTRI INC/NY                             | Standard Industries Inc/NY                                                       | CUSIP: 853496AG2<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |   1443000 | PA      | $1383518.96   | 0.13%             | 2030-07-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Camelot US Acquisition LLC                           | Camelot US Acquisition LLC 2024 Term Loan B                                      | CUSIP: 000000000<br>LEI: 549300U6VBJHQP2SFL81 | Long             | LON              | CORP              | US        |    108223 | PA      | $107513.00    | 0.01%             | 2031-01-31      | Floating      | 6.91%                 | No            |                  2 | On Loan: No      |
| ANYWHERE REAL EST/CO-ISS                             | Anywhere Real Estate Group LLC / Anywhere Co-Issuer Corp                         | CUSIP: 75606DAT8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    320000 | PA      | $323840.78    | 0.03%             | 2030-04-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| TEACHERS INSURANCE AND ANNUITY ASSOCIATION OF AME    | Tiaa Clo III Ltd                                                                 | CUSIP: 87272HAA8<br>LEI: 54930043TEPI4UKGHU90 | Long             | ABS-CBDO         | CORP              | KY        |    361824 | PA      | $361956.48    | 0.03%             | 2031-01-16      | Floating      | 5.73%                 | No            |                  2 | On Loan: No      |
| Cloudera Inc                                         | Cloudera Inc 2021 Term Loan                                                      | CUSIP: 74339VAB4<br>LEI: 549300PGONC4JOI0RG62 | Long             | LON              | CORP              | US        |     88045 | PA      | $86467.66     | 0.01%             | 2028-10-08      | Floating      | 8.01%                 | No            |                  2 | On Loan: No      |
| WILDFIRE INTERMEDIATE HO                             | Wildfire Intermediate Holdings LLC                                               | CUSIP: 96812HAA6<br>LEI: 5493003RHEMQJZEXIR02 | Long             | DBT              | CORP              | US        |    363000 | PA      | $366766.13    | 0.03%             | 2029-10-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| SUMITOMO MITSUI FINL GRP                             | Sumitomo Mitsui Financial Group Inc                                              | CUSIP: 86562MDW7<br>LEI: 35380028MYWPB6AUO129 | Long             | DBT              | CORP              | JP        |    300000 | PA      | $306238.50    | 0.03%             | 2035-06-05      | Fixed         | 6.45%                 | No            |                  2 | On Loan: No      |
| VIAVI SOLUTIONS INC                                  | Viavi Solutions Inc                                                              | CUSIP: 925550AF2<br>LEI: 5493006K3E3N1QOBF092 | Long             | DBT              | CORP              | US        |    227000 | PA      | $214022.34    | 0.02%             | 2029-10-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| CLEAR CHANNEL OUTDOOR HO                             | Clear Channel Outdoor Holdings Inc                                               | CUSIP: 18453HAG1<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |   1124000 | PA      | $1161824.85   | 0.11%             | 2031-02-15      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                               | Venture Global LNG Inc                                                           | CUSIP: 92332YAD3<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |   1226000 | PA      | $1334774.64   | 0.12%             | 2032-02-01      | Fixed         | 9.88%                 | No            |                  2 | On Loan: No      |
| Oryx Midstream Services Permian Basin LLC            | Oryx Midstream Services Permian Basin LLC 2025 Term Loan B                       | CUSIP: 68764JAJ0<br>LEI: 254900YYHRDANYFAHC43 | Long             | LON              | CORP              | US        |    356607 | PA      | $356403.63    | 0.03%             | 2028-10-05      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| BLUE RACER MID LLC/FINAN                             | Blue Racer Midstream LLC / Blue Racer Finance Corp                               | CUSIP: 095796AK4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    258000 | PA      | $271329.31    | 0.03%             | 2032-07-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. International PLC               | PURCHASED USD / SOLD GBP                                                         | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              |  | US        |         1 | NC      | $2166.64      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| RAISING CANE'S RESTAURAN                             | Raising Cane's Restaurants LLC                                                   | CUSIP: 75103AAA3<br>LEI: 254900V6ADXFWHYOED66 | Long             | DBT              | CORP              | US        |    195000 | PA      | $204700.08    | 0.02%             | 2029-05-01      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS SA                                       | RRP IRON MOUNTA                                                                  | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | Short            | RA               | CORP              | US        |   -550702 | PA      | $-550702.50   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| BOOTS GROUP BIDCO LTD                                | BOOTS GROUP BIDCO LTD USD TERM LOAN                                              | CUSIP: 09947PAB7<br>LEI: 254900YVLYOVF1PF1N93 | Long             | LON              | CORP              | US        |    168000 | PA      | $168349.44    | 0.02%             | 2032-08-30      | Floating      | 7.70%                 | No            |                  2 | On Loan: No      |
| AMWINS GROUP INC                                     | AmWINS Group Inc                                                                 | CUSIP: 031921AC3<br>LEI: 549300SJE7MUB8NMRG61 | Long             | DBT              | CORP              | US        |    330000 | PA      | $336709.56    | 0.03%             | 2029-02-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| PBF HOLDING CO LLC                                   | PBF Holding Co LLC / PBF Finance Corp                                            | CUSIP: 69318FAL2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    211000 | PA      | $208324.29    | 0.02%             | 2030-09-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| MOLINA HEALTHCARE INC                                | Molina Healthcare Inc                                                            | CUSIP: 60855RAM2<br>LEI: 549300NQQCEQ46YHZ591 | Long             | DBT              | CORP              | US        |    268000 | PA      | $270977.21    | 0.03%             | 2033-01-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| HSBC SECURITIES USA, INC.                            | RRP PPL CAPITAL                                                                  | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | Short            | RA               | CORP              | US        |  -2406250 | PA      | $-2406250.00  | -0.23%            |  |  |  | No            |                  2 | On Loan: No      |
| VIKING CRUISES LTD                                   | Viking Cruises Ltd                                                               | CUSIP: 92676XAF4<br>LEI: 549300IJP90T4MV2GL84 | Long             | DBT              | CORP              | BM        |     74000 | PA      | $74373.92     | 0.01%             | 2029-02-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| COMMSCOPE LLC                                        | CommScope LLC                                                                    | CUSIP: 203372AX5<br>LEI: 549300Z6K4JXMFE8QY54 | Long             | DBT              | CORP              | US        |    983000 | PA      | $976689.14    | 0.09%             | 2029-09-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| RAKUTEN GROUP INC                                    | Rakuten Group Inc                                                                | CUSIP: 000000000<br>LEI: 529900IMXUCQKUL1H943 | Long             | DBT              | CORP              | JP        |    200000 | PA      | $224892.96    | 0.02%             | 2029-04-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| AT&T INC                                             | AT&T Inc                                                                         | CUSIP: 00206RJK9<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |     28000 | PA      | $24696.93     | 0.00%             | 2044-06-01      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| HERC HOLDINGS INC                                    | Herc Holdings Inc                                                                | CUSIP: 42704LAE4<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |    199000 | PA      | $204473.10    | 0.02%             | 2029-06-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| LGI HOMES INC                                        | LGI Homes Inc                                                                    | CUSIP: 50187TAH9<br>LEI: 549300W02B4WNV8CV109 | Long             | DBT              | CORP              | US        |    183000 | PA      | $192117.06    | 0.02%             | 2028-12-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| 1011778 BC / NEW RED FIN                             | 1011778 BC ULC / New Red Finance Inc                                             | CUSIP: 68245XAT6<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    166000 | PA      | $167996.15    | 0.02%             | 2029-09-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                | RRP ONCOR ELECT                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |  -2475000 | PA      | $-2475000.00  | -0.23%            |  |  |  | No            |                  2 | On Loan: No      |
| MPLX LP                                              | MPLX LP                                                                          | CUSIP: 55336VAL4<br>LEI: 5493000CZJ19CK4P3G36 | Long             | DBT              | CORP              | US        |   3500000 | PA      | $3145312.87   | 0.29%             | 2047-03-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| DEEP BLUE OPERATING I LLC                            | DEEP BLUE OPERATING I LLC TERM LOAN                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     40000 | PA      | $40000.00     | 0.00%             | 2032-09-17      | Floating      | 6.88%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                | Wells Fargo & Co                                                                 | CUSIP: 95000U2V4<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   4075000 | PA      | $4038631.93   | 0.38%             | 2028-03-24      | Fixed         | 3.53%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                                    | HSBC Holdings PLC                                                                | CUSIP: 404280FA2<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    400000 | PA      | $416425.60    | 0.04%             | 2030-06-05      | Fixed         | 7.05%                 | No            |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYS                             | CHS/Community Health Systems Inc                                                 | CUSIP: 12543DBK5<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |    447000 | PA      | $386542.45    | 0.04%             | 2031-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                | RRP STATE STREE                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |  -2899406 | PA      | $-2899406.25  | -0.27%            |  |  |  | No            |                  2 | On Loan: No      |
| WYNN RESORTS FINANCE LLC                             | Wynn Resorts Finance LLC / Wynn Resorts Capital Corp                             | CUSIP: 983133AD1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    248000 | PA      | $251839.04    | 0.02%             | 2033-03-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Clover CLO                                           | Clover CLO 2018-1 LLC                                                            | CUSIP: 18914GAC5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3500000 | PA      | $3514073.50   | 0.33%             | 2037-04-20      | Floating      | 5.86%                 | No            |                  2 | On Loan: No      |
| NOMURA SECURITIES INTERNATIONAL INC                  | RRP BOMBARDIER                                                                   | CUSIP: 000000000<br>LEI: OXTKY6Q8X53C9ILVV871 | Short            | RA               | CORP              | US        |   -360642 | PA      | $-360642.50   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| HAH GROUP HOLDING CO LLC                             | HAH Group Holding Co LLC                                                         | CUSIP: 40518JAA7<br>LEI: 254900FFJQHW9R90FL74 | Long             | DBT              | CORP              | US        |    186000 | PA      | $176714.60    | 0.02%             | 2031-10-01      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| US FOODS INC                                         | US Foods Inc                                                                     | CUSIP: 90290MAH4<br>LEI: 5493000JOOFAOUY1JZ87 | Long             | DBT              | CORP              | US        |    338000 | PA      | $353866.40    | 0.03%             | 2032-01-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS SA                                       | RRP VENTURE GLO                                                                  | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | Short            | RA               | CORP              | US        |   -985890 | PA      | $-985890.00   | -0.09%            |  |  |  | No            |                  2 | On Loan: No      |
| INFORMATICA LLC                                      | Informatica LLC 2024 Term Loan B                                                 | CUSIP: 45673YAL0<br>LEI: 5493007SV33RZV7RPS40 | Long             | LON              | CORP              | US        |    173778 | PA      | $173994.95    | 0.02%             | 2028-10-27      | Floating      | 6.41%                 | No            |                  2 | On Loan: No      |
| ALDAR PROPERTIES PJSC                                | Aldar Properties PJSC                                                            | CUSIP: 000000000<br>LEI: 98450048CD8AEF13B480 | Long             | DBT              | CORP              | AE        |    250000 | PA      | $261875.00    | 0.02%             | 2055-04-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                | RRP FARMERS EXC                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |  -4474350 | PA      | $-4474350.00  | -0.42%            |  |  |  | No            |                  2 | On Loan: No      |
| MetLife Inc                                          | MetLife Inc                                                                      | CUSIP: 59156RAP3<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5261570.00   | 0.49%             | 2036-12-15      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| CITY FOOTBALL GROUP LIMITED                          | City Football Group Limited 2024 Term Loan                                       | CUSIP: 17781XAD8<br>LEI: 213800K6VVWALRH9UJ69 | Long             | LON              | CORP              | GB        |    175181 | PA      | $175035.27    | 0.02%             | 2030-07-22      | Floating      | 7.78%                 | No            |                  2 | On Loan: No      |
| ABG Intermediate Holdings 2 LLC                      | ABG Intermediate Holdings 2 LLC 2025 Delayed Draw Term Loan                      | CUSIP: 00076VBM1<br>LEI: 54930020NXD0RJB64985 | Long             | LON              | CORP              | US        |     89400 | PA      | $89214.43     | 0.01%             | 2032-02-13      | Floating      | 6.41%                 | No            |                  2 | On Loan: No      |
| RBC CAPITAL MARKETS LLC                              | RRP T MOBILE US                                                                  | CUSIP: 000000000<br>LEI: 549300LCO2FLSSVFFR64 | Short            | RA               | CORP              | US        |   -626145 | PA      | $-626145.00   | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| Heritage-Crystal Clean Inc                           | Heritage-Crystal Clean Inc Term Loan B                                           | CUSIP: 465966AB5<br>LEI: 254900KPFL42CYD2VY03 | Long             | LON              | CORP              | US        |     85611 | PA      | $85754.11     | 0.01%             | 2030-10-17      | Floating      | 7.89%                 | No            |                  2 | On Loan: No      |
| TALLGRASS NRG PRTNR/FIN                              | Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp                     | CUSIP: 87470LAJ0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     70000 | PA      | $69127.05     | 0.01%             | 2030-12-31      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| SIRVA BGRS HOLDINGS PREFERRED                        | SIRVA BGRS HOLDINGS PREFERRED                                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | US        |        23 | NS      | $3965.50      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| UnitedHealth Group Inc                               | UnitedHealth Group Inc                                                           | CUSIP: 91324PBK7<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $11588477.50  | 1.08%             | 2038-02-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| TENNECO INC                                          | Tenneco Inc                                                                      | CUSIP: 880349AU9<br>LEI: 549300U0EXXFAQFAD785 | Long             | DBT              | CORP              | US        |    683000 | PA      | $684246.93    | 0.06%             | 2028-11-17      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                | RRP INTERPUBLIC                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |   -609870 | PA      | $-609870.00   | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| NORTHWESTERN MUTUAL LIFE                             | Northwestern Mutual Life Insurance Co/The                                        | CUSIP: 668131AA3<br>LEI: 1DU7IM20QESYGDO4HO54 | Long             | DBT              | CORP              | US        |  12000000 | PA      | $12713615.76  | 1.19%             | 2040-03-30      | Fixed         | 6.06%                 | No            |                  2 | On Loan: No      |
| LAMB WESTON HLD                                      | Lamb Weston Holdings Inc                                                         | CUSIP: 513272AD6<br>LEI: 5493005SMYID1D2OY946 | Long             | DBT              | CORP              | US        |    515000 | PA      | $494515.05    | 0.05%             | 2030-01-31      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| KINETIK HOLDINGS LP                                  | Kinetik Holdings LP                                                              | CUSIP: 49461MAA8<br>LEI: 549300RD6AJIMYC0HY12 | Long             | DBT              | CORP              | US        |     18000 | PA      | $18104.69     | 0.00%             | 2030-06-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| MATADOR RESOURCES CO                                 | Matador Resources Co                                                             | CUSIP: 576485AF3<br>LEI: 549300CI3Q2UUK5R4G79 | Long             | DBT              | CORP              | US        |    274000 | PA      | $279627.69    | 0.03%             | 2028-04-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| COMSTOCK RESOURCES INC                               | Comstock Resources Inc                                                           | CUSIP: 205768AU8<br>LEI: I03QQGEA4SS774AURI46 | Long             | DBT              | CORP              | US        |    197000 | PA      | $195818.00    | 0.02%             | 2029-03-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| BAT Capital Corp                                     | BAT Capital Corp                                                                 | CUSIP: 05526DBF1<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |   1999000 | PA      | $1676240.28   | 0.16%             | 2047-08-15      | Fixed         | 4.54%                 | No            |                  2 | On Loan: No      |
| MATIV HOLDINGS INC                                   | Mativ Holdings Inc                                                               | CUSIP: 808541AC0<br>LEI: 549300Z1FU4IDULG1R21 | Long             | DBT              | CORP              | US        |    126000 | PA      | $124747.46    | 0.01%             | 2029-10-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| ECO SERVICES OPERATIONS CORP                         | ECO Services Operations Corp 2024 Term Loan B                                    | CUSIP: 27922JAC0<br>LEI: 254900NH3N3I82Z6Q744 | Long             | LON              | CORP              | US        |    176232 | PA      | $175956.88    | 0.02%             | 2031-06-12      | Floating      | 6.31%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                | RRP AUSTRALIA A                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |  -4519350 | PA      | $-4519350.00  | -0.42%            |  |  |  | No            |                  2 | On Loan: No      |
| CALPINE CORP                                         | Calpine Corp                                                                     | CUSIP: 131347CQ7<br>LEI: 43R4VPJBXTU2O15HEF41 | Long             | DBT              | CORP              | US        |    100000 | PA      | $99707.73     | 0.01%             | 2031-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FREEPORT LNG INVESTMENTS LLLP                        | Freeport LNG Investments LLLP 2025 Term Loan B                                   | CUSIP: 35670CAC2<br>LEI: 549300LR5YVRZH4YPQ33 | Long             | LON              | CORP              | US        |    285530 | PA      | $285275.84    | 0.03%             | 2028-12-21      | Floating      | 7.58%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                 | Bank of America Corp                                                             | CUSIP: 06051GLC1<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   3090000 | PA      | $3220086.34   | 0.30%             | 2028-11-10      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| Trestles CLO LTD                                     | Trestles Clo IV Ltd                                                              | CUSIP: 89532WAA7<br>LEI: 254900EO5I6CR0IOWS98 | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $2003332.00   | 0.19%             | 2034-07-21      | Floating      | 5.76%                 | No            |                  2 | On Loan: No      |
| Six Flags Entertainment Corporation                  | Six Flags Entertainment Corporation 2024 Term Loan B                             | CUSIP: 15018LAN1<br>LEI: 529900AS2CYWYFHRS781 | Long             | LON              | CORP              | US        |     53864 | PA      | $53473.13     | 0.01%             | 2031-05-01      | Floating      | 6.16%                 | No            |                  2 | On Loan: No      |
| TIDEWATER INC                                        | Tidewater Inc                                                                    | CUSIP: 88642RAE9<br>LEI: 2549000JA5GRUPLMUH98 | Long             | DBT              | CORP              | US        |    266000 | PA      | $285271.63    | 0.03%             | 2030-07-15      | Fixed         | 9.13%                 | No            |                  2 | On Loan: No      |
| CLARIOS GLOBAL LP/US FIN                             | Clarios Global LP / Clarios US Finance Co                                        | CUSIP: 18060TAC9<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |   1071000 | PA      | $1094654.82   | 0.10%             | 2028-05-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| NOMURA SECURITIES INTERNATIONAL INC                  | RRP CENTRAL GAR                                                                  | CUSIP: 000000000<br>LEI: OXTKY6Q8X53C9ILVV871 | Short            | RA               | CORP              | US        |   -143895 | PA      | $-143895.00   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| GFL ENVIRONMENTAL INC                                | GFL Environmental Inc 2025 Term Loan B                                           | CUSIP: 36257SAB8<br>LEI: 254900PGDQWC19PRP053 | Long             | LON              | CORP              | US        |    333000 | PA      | $332563.77    | 0.03%             | 2032-03-03      | Floating      | 6.67%                 | No            |                  2 | On Loan: No      |
| BALL CORP                                            | Ball Corp                                                                        | CUSIP: 058498AX4<br>LEI: 0BGI85ALH27ZJP15DY16 | Long             | DBT              | CORP              | US        |    234000 | PA      | $212423.76    | 0.02%             | 2031-09-15      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| Regatta VI Funding Ltd.                              | Regatta VI Funding Ltd                                                           | CUSIP: 75887NBL2<br>LEI: 2549001NU08X5ZRD6A39 | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $1997500.00   | 0.19%             | 2038-10-20      | Floating      | 5.21%                 | No            |                  2 | On Loan: No      |
| SHIFT4 PAYMENTS LLC                                  | Shift4 Payments LLC 2025 Term Loan                                               | CUSIP: 000000000<br>LEI: 254900GTEMR7L40VPI74 | Long             | LON              | CORP              | US        |    102000 | PA      | $102722.16    | 0.01%             | 2032-06-30      | Floating      | 6.50%                 | No            |                  2 | On Loan: No      |
| Truist Insurance Holdings LLC                        | Truist Insurance Holdings LLC 2nd Lien Term Loan                                 | CUSIP: 89788VAE2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     56316 | PA      | $57283.86     | 0.01%             | 2032-05-06      | Floating      | 8.75%                 | No            |                  2 | On Loan: No      |
| WEATHERFORD INTERNATIONA                             | Weatherford International Ltd                                                    | CUSIP: 947075AW7<br>LEI: 549300A2JKMG5PGOGF82 | Long             | DBT              | CORP              | BM        |    646000 | PA      | $646449.36    | 0.06%             | 2033-10-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS SA                                       | RRP AT+T INC 3.                                                                  | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | Short            | RA               | CORP              | US        |  -4706250 | PA      | $-4706250.00  | -0.44%            |  |  |  | No            |                  2 | On Loan: No      |
| Tencent Holdings Ltd                                 | Tencent Holdings Ltd                                                             | CUSIP: 88032XAG9<br>LEI: 254900N4SLUMW4XUYY11 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $198566.00    | 0.02%             | 2028-01-19      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| VISTRA CORP                                          | Vistra Corp                                                                      | CUSIP: 92840MAC6<br>LEI: 549300KP43CPCUJOOG15 | Long             | DBT              | CORP              | US        |   1349000 | PA      | $1369599.23   | 0.13%             | 2026-12-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                               | CCO Holdings LLC / CCO Holdings Capital Corp                                     | CUSIP: 1248EPCP6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1252000 | PA      | $1082432.81   | 0.10%             | 2034-01-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| POST HOLDINGS INC                                    | Post Holdings Inc                                                                | CUSIP: 737446AR5<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |     72000 | PA      | $67265.94     | 0.01%             | 2031-09-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ENTERPRISE PRODUCTS OPER                             | Enterprise Products Operating LLC                                                | CUSIP: 29379VAN3<br>LEI: 5493004LGN656HWLDA30 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2500003.55   | 0.23%             | 2067-06-01      | Variable      | 7.21%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                                     | T-Mobile USA Inc                                                                 | CUSIP: 87264ABT1<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    235000 | PA      | $216663.00    | 0.02%             | 2031-02-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| 1011778 BC Unlimited Liability Company               | 1011778 BC Unlimited Liability Company 2024 Term Loan B6                         | CUSIP: 000000000<br>LEI: 549300RHSHNRWI5LLA86 | Long             | LON              | CORP              | CA        |    292849 | PA      | $291627.60    | 0.03%             | 2030-09-20      | Floating      | 5.91%                 | No            |                  2 | On Loan: No      |
| GLP CAPITAL LP / FIN II                              | GLP Capital LP / GLP Financing II Inc                                            | CUSIP: 361841AR0<br>LEI: N/A                  | Long             | DBT              |  | US        |    725000 | PA      | $652262.13    | 0.06%             | 2032-01-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                               | ISHARES MSCI EMERGING MARKETS                                                    | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |      3428 | NC      | $159402.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| TMK HAWK MIDCO CORP 1                                | TMK HAWK MIDCO CORP 1                                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       935 | NS      | $10280.60     | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| SHIFT4 PAYMENTS LLC/FIN                              | Shift4 Payments LLC / Shift4 Payments Finance Sub Inc                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    350000 | PA      | $427869.50    | 0.04%             | 2033-05-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| COUGAR JV SUBSIDIARY LLC                             | Cougar JV Subsidiary LLC                                                         | CUSIP: 22208WAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    264000 | PA      | $280684.27    | 0.03%             | 2032-05-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| CHORD ENERGY CORP                                    | Chord Energy Corp                                                                | CUSIP: 674215AN8<br>LEI: 529900FA4V2YNIKZ0M71 | Long             | DBT              | CORP              | US        |    147000 | PA      | $148938.74    | 0.01%             | 2033-03-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                  | RRP NETFLIX INC                                                                  | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |  -1304485 | PA      | $-1304485.00  | -0.12%            |  |  |  | No            |                  2 | On Loan: No      |
| Regatta XVIII Funding Ltd                            | Regatta XVIII Funding Ltd                                                        | CUSIP: 75884EAS1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1002150.20   | 0.09%             | 2038-04-15      | Floating      | 5.87%                 | No            |                  2 | On Loan: No      |
| LINDBLAD EXPEDITIONS LLC                             | Lindblad Expeditions LLC                                                         | CUSIP: 53523LAB6<br>LEI: 549300MPUWOG67Y2R254 | Long             | DBT              | CORP              | US        |    417000 | PA      | $425043.93    | 0.04%             | 2030-09-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| RADIATE HOLDCO LLC                                   | Radiate Holdco LLC 2025 FLFO Term Loan                                           | CUSIP: 75025KAM0<br>LEI: 5493000GQJ5RDX9DNJ71 | Long             | LON              | CORP              | US        |    941558 | PA      | $758246.32    | 0.07%             | 2029-09-25      | Floating      | 7.78%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                          | Oracle Corp                                                                      | CUSIP: 68389XCA1<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |   4425000 | PA      | $3290024.18   | 0.31%             | 2051-03-25      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO LLC                              | RRP TRANSOCEAN                                                                   | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | Short            | RA               | CORP              | US        |   -332462 | PA      | $-332461.81   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| 522 Funding CLO LTD                                  | 522 Funding CLO 2019-5 Ltd                                                       | CUSIP: 33829WAC3<br>LEI: 549300HKB0UTKU91DG08 | Long             | ABS-CBDO         | CORP              | KY        |   2500000 | PA      | $2502304.25   | 0.23%             | 2035-04-15      | Floating      | 5.65%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. International PLC               | PURCHASED USD / SOLD EUR                                                         | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              |  | US        |         1 | NC      | $17010.62     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| NOMURA SECURITIES INTERNATIONAL INC                  | RRP FTAI AVIATI                                                                  | CUSIP: 000000000<br>LEI: OXTKY6Q8X53C9ILVV871 | Short            | RA               | CORP              | US        |   -539152 | PA      | $-539152.16   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| BOOST NEWCO BORROWER LLC                             | Boost Newco Borrower LLC 2025 USD Term Loan B2                                   | CUSIP: 92943EAG1<br>LEI: 254900S8RE1OL7TTCU64 | Long             | LON              | CORP              | US        |    552829 | PA      | $553061.65    | 0.05%             | 2031-01-31      | Floating      | 6.00%                 | No            |                  2 | On Loan: No      |
| Mauser Packaging Solutions Holding Company           | Mauser Packaging Solutions Holding Company 2024 Term Loan B                      | CUSIP: 57763TAE3<br>LEI: 549300DNGHXL0OMHW304 | Long             | LON              | CORP              | US        |    131559 | PA      | $131507.89    | 0.01%             | 2027-04-15      | Floating      | 7.28%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES                               | PNC Financial Services Group Inc/The                                             | CUSIP: 693475BF1<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |   5529000 | PA      | $5620803.52   | 0.53%             | 2027-09-15      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| FARMERS EXCHANGE CAP II                              | Farmers Exchange Capital II                                                      | CUSIP: 30958PAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4890000 | PA      | $4791846.45   | 0.45%             | 2053-11-01      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| Galaxy US Opco Inc                                   | Galaxy US Opco Inc Term Loan                                                     | CUSIP: 36321DAB3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     85320 | PA      | $77268.02     | 0.01%             | 2030-07-31      | Floating      | 6.31%                 | No            |                  2 | On Loan: No      |
| ICAHN ENTERPRISES/FIN                                | Icahn Enterprises LP / Icahn Enterprises Finance Corp                            | CUSIP: 451102CF2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    274000 | PA      | $276534.50    | 0.03%             | 2029-01-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS SA                                       | RRP OUTFRONT ME                                                                  | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | Short            | RA               | CORP              | US        |   -320314 | PA      | $-320313.75   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| Anchorage Capital CLO LTD                            | Anchorage Capital Clo 32 Ltd                                                     | CUSIP: 03333MAG8<br>LEI: 63670045P01T5CDEDN27 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1022830.10   | 0.10%             | 2037-07-15      | Floating      | 8.23%                 | No            |                  2 | On Loan: No      |
| BARCLAYS CAPITAL INC                                 | RRP NXP BV 3.4                                                                   | CUSIP: 000000000<br>LEI: AC28XWWI3WIBK2824319 | Short            | RA               | CORP              | US        |  -1606211 | PA      | $-1606211.10  | -0.15%            |  |  |  | No            |                  2 | On Loan: No      |
| Potters Industries, LLC                              | Potters Industries LLC 2025 Repriced Term Loan B                                 | CUSIP: 73813HAF3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     62059 | PA      | $62200.65     | 0.01%             | 2027-12-14      | Floating      | 7.16%                 | No            |                  2 | On Loan: No      |
| Perusahaan Penerbit SBSN Indonesia III               | Perusahaan Penerbit SBSN Indonesia III                                           | CUSIP: 71567RAR7<br>LEI: 254900G208H6Q0L5B953 | Long             | DBT              | NUSS              | ID        |    200000 | PA      | $196524.00    | 0.02%             | 2026-06-09      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Gaci First Investment Co.                            | Gaci First Investment Co.                                                        | CUSIP: 000000000<br>LEI: 558600TU1PWGNLZ3XM88 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $207400.00    | 0.02%             | 2032-10-13      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PG Investment Company 59 Sa rl                       | PG Investment Company 59 Sa rl Term Loan B                                       | CUSIP: 91728NAB5<br>LEI: 254900XMCCB3IEZ2A005 | Long             | LON              | CORP              | LU        |     96515 | PA      | $96708.03     | 0.01%             | 2031-03-26      | Floating      | 6.91%                 | No            |                  2 | On Loan: No      |
| Regatta XXVIII Funding Ltd.                          | Regatta XXVIII Funding Ltd                                                       | CUSIP: 75901PAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1500000 | PA      | $1505866.35   | 0.14%             | 2037-04-25      | Floating      | 5.87%                 | No            |                  2 | On Loan: No      |
| PointClickCare Technologies, Inc.                    | PointClickCare Technologies Inc 2025 Term Loan B                                 | CUSIP: 000000000<br>LEI: 5493001Z0LHHBZLVDX36 | Long             | LON              | CORP              | CA        |    129848 | PA      | $129921.10    | 0.01%             | 2031-11-03      | Floating      | 6.75%                 | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LONDON                                | Macquarie Bank Ltd/London                                                        | CUSIP: 556079AB7<br>LEI: 549300MPRNPO6FWNKN78 | Long             | DBT              | CORP              | AU        |   1885000 | PA      | $1908815.09   | 0.18%             | 2027-03-08      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| Genesee & Wyoming Inc (New)                          | Genesee & Wyoming Inc (New) 2024 Term Loan                                       | CUSIP: 37156QAZ9<br>LEI: G617XSG94Z7G0RMW3L02 | Long             | LON              | CORP              | US        |    603032 | PA      | $600450.59    | 0.06%             | 2031-04-10      | Floating      | 5.75%                 | No            |                  2 | On Loan: No      |
| VOYAGER PARENT LLC                                   | Voyager Parent LLC                                                               | CUSIP: 92921EAA0<br>LEI: 2549002DYVI4ACSV4V71 | Long             | DBT              | CORP              | US        |    396000 | PA      | $418766.09    | 0.04%             | 2032-07-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| HELIOS SOFT/ION CORP SOL                             | Helios Software Holdings Inc / ION Corporate Solutions Finance Sarl              | CUSIP: 42329HAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    219000 | PA      | $226984.08    | 0.02%             | 2029-05-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| Golub Capital Partners CLO, LTD                      | Golub Capital Partners CLO 43B Ltd                                               | CUSIP: 38180PAA4<br>LEI: 2549006E2S3MDN9M6Q69 | Long             | ABS-CBDO         | CORP              | KY        |   1500000 | PA      | $1503801.30   | 0.14%             | 2037-10-20      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| NISSAN MOTOR ACCEPTANCE                              | Nissan Motor Acceptance Co LLC                                                   | CUSIP: 000000000<br>LEI: 7D6DIU2QXTUJRFNNJA49 | Long             | DBT              | CORP              | US        |    150000 | PA      | $156178.18    | 0.01%             | 2028-09-15      | Fixed         | 7.05%                 | No            |                  2 | On Loan: No      |
| Sparta US HoldCo LLC                                 | Sparta US HoldCo LLC 2024 Term Loan B                                            | CUSIP: 84673EAE9<br>LEI: 5493004EFF9NBQ1A8453 | Long             | LON              | CORP              | US        |    253829 | PA      | $250201.89    | 0.02%             | 2030-08-02      | Floating      | 7.28%                 | No            |                  2 | On Loan: No      |
| THREE GORGES FIN I KY                                | Three Gorges Finance I Cayman Islands Ltd                                        | CUSIP: 000000000<br>LEI: 549300FD0MPTWEITI779 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $198380.00    | 0.02%             | 2026-06-02      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| ZI TECH LLC/ZI FIN CORP                              | ZoomInfo Technologies LLC/ZoomInfo Finance Corp                                  | CUSIP: 98981BAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    345000 | PA      | $326997.14    | 0.03%             | 2029-02-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                | RRP ABBVIE INC                                                                   | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |  -4689675 | PA      | $-4689675.00  | -0.44%            |  |  |  | No            |                  2 | On Loan: No      |
| The Action Environmental Group Inc                   | The Action Environmental Group Inc 2023 Term Loan B                              | CUSIP: 00507JAF3<br>LEI: 549300BB30QUQC86W666 | Long             | LON              | CORP              | US        |    110095 | PA      | $109957.82    | 0.01%             | 2030-10-24      | Floating      | 7.25%                 | No            |                  3 | On Loan: No      |
| EDISON INTERNATIONAL                                 | Edison International                                                             | CUSIP: 281020AS6<br>LEI: 549300I7ROF15MAEVP56 | Long             | DBT              | CORP              | US        |    217000 | PA      | $210678.77    | 0.02%             | 2026-03-09      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| POST HOLDINGS INC                                    | Post Holdings Inc                                                                | CUSIP: 737446AU8<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |    158000 | PA      | $162436.36    | 0.02%             | 2032-02-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| LEVI STRAUSS & CO                                    | Levi Strauss & Co                                                                | CUSIP: 000000000<br>LEI: MB0UERO0RDFKU8258G77 | Long             | DBT              | CORP              | US        |    155000 | PA      | $184657.44    | 0.02%             | 2030-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DYCOM INDUSTRIES INC                                 | Dycom Industries Inc                                                             | CUSIP: 267475AD3<br>LEI: 549300F56EKTHQI3WT60 | Long             | DBT              | CORP              | US        |     26000 | PA      | $25392.75     | 0.00%             | 2029-04-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                             | Charter Communications Operating LLC / Charter Communications Operating Capital  | CUSIP: 161175AZ7<br>LEI: 549300TPZNMN50BJ3745 | Long             | DBT              | CORP              | US        |    479000 | PA      | $501814.51    | 0.05%             | 2035-10-23      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| LEGENCE HOLDINGS LLC                                 | Legence Holdings LLC 2025 Term Loan B                                            | CUSIP: 75865HAK4<br>LEI: 2549003DYOLJRQR9G070 | Long             | LON              | CORP              | US        |     30669 | PA      | $30699.93     | 0.00%             | 2028-12-18      | Floating      | 7.16%                 | No            |                  2 | On Loan: No      |
| TWILIO INC                                           | Twilio Inc                                                                       | CUSIP: 90138FAC6<br>LEI: 5493004W8TRGD63APX93 | Long             | DBT              | CORP              | US        |    259000 | PA      | $246804.75    | 0.02%             | 2029-03-15      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                  | JPMorgan Chase & Co                                                              | CUSIP: 46647PDK9<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |  11000000 | PA      | $11632784.68  | 1.09%             | 2033-09-14      | Fixed         | 5.72%                 | No            |                  2 | On Loan: No      |
| McAfee, LLC                                          | McAfee LLC 2024 USD 1st Lien Term Loan B                                         | CUSIP: 57906HAF4<br>LEI: 2549009UKR8UEZYVCR93 | Long             | LON              | CORP              | US        |    252587 | PA      | $240826.84    | 0.02%             | 2029-03-01      | Floating      | 7.22%                 | No            |                  2 | On Loan: No      |
| AVANTOR FUNDING INC                                  | Avantor Funding Inc                                                              | CUSIP: 05352TAA7<br>LEI: 5493003VM0XB4U8YD238 | Long             | DBT              | CORP              | US        |   2191000 | PA      | $2155193.58   | 0.20%             | 2028-07-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| BUCKEYE PARTNERS LP                                  | Buckeye Partners LP                                                              | CUSIP: 118230AV3<br>LEI: 549300C1PQJLVEIUBK50 | Long             | DBT              | CORP              | US        |     29000 | PA      | $30054.79     | 0.00%             | 2029-07-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| FREEDOM MORTGAGE HOLD                                | Freedom Mortgage Holdings LLC                                                    | CUSIP: 35641AAB4<br>LEI: 254900ROJ91RGM43S156 | Long             | DBT              | CORP              | US        |    407000 | PA      | $432865.66    | 0.04%             | 2031-05-15      | Fixed         | 9.13%                 | No            |                  2 | On Loan: No      |
| ELI LILLY & CO                                       | Eli Lilly & Co                                                                   | CUSIP: 532457DG0<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | DBT              | CORP              | US        |   4735000 | PA      | $4889073.87   | 0.46%             | 2065-10-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| WIPRO IT SERVICE                                     | Wipro IT Services LLC                                                            | CUSIP: 000000000<br>LEI: 549300S6XZZ65F0EJS98 | Long             | DBT              | CORP              | US        |    200000 | PA      | $195878.00    | 0.02%             | 2026-06-23      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Gogo Intermediate Holdings LLC                       | GOGO Intermediate Holdings LLC Term Loan B                                       | CUSIP: 38046JAB0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     62530 | PA      | $62002.57     | 0.01%             | 2028-04-30      | Floating      | 8.03%                 | No            |                  2 | On Loan: No      |
| SBA Senior Finance II LLC                            | SBA Senior Finance II LLC 2024 Term Loan B                                       | CUSIP: 78404XAJ4<br>LEI: 549300PVT2ADFWMYEW87 | Long             | LON              | CORP              | US        |    258078 | PA      | $258838.85    | 0.02%             | 2031-01-25      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| AVALARA INC                                          | AVALARA INC 2025 TERM LOAN                                                       | CUSIP: 05338KAD9<br>LEI: 549300Q16CMW239SS315 | Long             | LON              | CORP              | US        |     15000 | PA      | $14995.80     | 0.00%             | 2032-03-26      | Floating      | 6.88%                 | No            |                  2 | On Loan: No      |
| FWD GROUP HOLDINGS LTD                               | FWD Group Holdings Ltd                                                           | CUSIP: 000000000<br>LEI: 254900HEGGDS8WU5QZ97 | Long             | DBT              | CORP              | KY        |    475000 | PA      | $475985.63    | 0.04%             | 2030-09-22      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| AXALTA COATING SYSTEMS                               | Axalta Coating Systems LLC                                                       | CUSIP: 05453GAC9<br>LEI: 549300G80QONCHILSF69 | Long             | DBT              | CORP              | US        |    940000 | PA      | $890560.04    | 0.08%             | 2029-02-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| CUSHMAN & WAKEFIELD US                               | Cushman & Wakefield US Borrower LLC                                              | CUSIP: 23166MAC7<br>LEI: 549300870CMN3WI5IF97 | Long             | DBT              | CORP              | US        |    216000 | PA      | $230541.55    | 0.02%             | 2031-09-01      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| STARWOOD PROPERTY TRUST                              | Starwood Property Trust Inc                                                      | CUSIP: 85571BBE4<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              |  | US        |    314000 | PA      | $324351.64    | 0.03%             | 2030-10-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| TRIDENT TPI HOLDINGS INC                             | Trident TPI Holdings Inc 2024 Term Loan B7                                       | CUSIP: 00216EAL3<br>LEI: 549300TPLK304J3RNC85 | Long             | LON              | CORP              | US        |    147383 | PA      | $144558.13    | 0.01%             | 2028-09-15      | Floating      | 7.75%                 | No            |                  2 | On Loan: No      |
| ARSENAL AIC PARENT LLC                               | Arsenal AIC Parent LLC                                                           | CUSIP: 04288BAC4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1244000 | PA      | $1381619.99   | 0.13%             | 2031-10-01      | Fixed         | 11.50%                | No            |                  2 | On Loan: No      |
| SAN MIGUEL GLOBAL POWER                              | San Miguel Global Power Holdings Corp                                            | CUSIP: 000000000<br>LEI: 549300HBCE80QXKII590 | Long             | DBT              | CORP              | PH        |    200000 | PA      | $201250.00    | 0.02%             | 2029-12-02      | Fixed         | 8.13%                 | No            |                  2 | On Loan: No      |
| Golub Capital Partners CLO, LTD                      | Golub Capital Partners CLO 76 B Ltd                                              | CUSIP: 38180BAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |   1500000 | PA      | $1504524.30   | 0.14%             | 2037-10-25      | Floating      | 5.69%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO LLC                              | RRP CLEAR CHANN                                                                  | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | Short            | RA               | CORP              | US        |   -345870 | PA      | $-345870.00   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| CINEMARK USA INC                                     | Cinemark USA Inc                                                                 | CUSIP: 172441BH9<br>LEI: 54930008H2137JSCPQ09 | Long             | DBT              | CORP              | US        |    109000 | PA      | $113289.48    | 0.01%             | 2032-08-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| OLYMPUS WTR US HLDG CORP                             | Olympus Water US Holding Corp                                                    | CUSIP: 681639AB6<br>LEI: 549300YU2GGVCBN3MY89 | Long             | DBT              | CORP              | US        |    400000 | PA      | $388398.36    | 0.04%             | 2029-10-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Enbridge Inc                                         | Enbridge Inc                                                                     | CUSIP: 29250NAW5<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |   5000000 | PA      | $5050875.00   | 0.47%             | 2078-03-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| EG AMERICA LLC                                       | EG America LLC 2025 USD Repriced Term Loan                                       | CUSIP: 000000000<br>LEI: 549300BY1CRYVPEG9R57 | Long             | LON              | CORP              | US        |     46531 | PA      | $46746.78     | 0.00%             | 2028-02-07      | Floating      | 7.70%                 | No            |                  2 | On Loan: No      |
| FORTIS 333 INC                                       | Fortis 333 Inc USD Term Loan B                                                   | CUSIP: 34958SAB5<br>LEI: 254900SLITS19RU1VB55 | Long             | LON              | CORP              | US        |     78802 | PA      | $78276.89     | 0.01%             | 2032-03-29      | Floating      | 7.50%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS SA                                       | RRP ARDAGH META                                                                  | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | Short            | RA               | CORP              | US        |  -1434884 | PA      | $-1434884.22  | -0.13%            |  |  |  | No            |                  2 | On Loan: No      |
| ACRISURE LLC / FIN INC                               | Acrisure LLC / Acrisure Finance Inc                                              | CUSIP: 004961AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    155000 | PA      | $159601.02    | 0.01%             | 2032-07-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| FIRST QUANTUM MINERALS L                             | First Quantum Minerals Ltd                                                       | CUSIP: 335934AV7<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | DBT              | CORP              | CA        |    916000 | PA      | $968944.80    | 0.09%             | 2029-03-01      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| GC TREASURY CENTRE CO                                | GC Treasury Center Co Ltd                                                        | CUSIP: 36830DAB7<br>LEI: 549300LUFQBC2EQNAR40 | Long             | DBT              | CORP              | TH        |    200000 | PA      | $181838.00    | 0.02%             | 2031-03-18      | Fixed         | 2.98%                 | No            |                  2 | On Loan: No      |
| PROSUS NV                                            | Prosus NV                                                                        | CUSIP: 000000000<br>LEI: 635400Z5LQ5F9OLVT688 | Long             | DBT              | CORP              | NL        |    150000 | PA      | $176988.14    | 0.02%             | 2035-07-15      | Fixed         | 4.34%                 | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                  | RRP MCDONALDS C                                                                  | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |   -384000 | PA      | $-384000.00   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| GRAY MEDIA INC                                       | Gray Media Inc                                                                   | CUSIP: 389375AM8<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |    409000 | PA      | $442231.72    | 0.04%             | 2029-07-15      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| AXON ENTERPRISE INC                                  | Axon Enterprise Inc                                                              | CUSIP: 05464CAD3<br>LEI: 549300QP2IEEGFE16681 | Long             | DBT              | CORP              | US        |     94000 | PA      | $96753.82     | 0.01%             | 2033-03-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| DAI-ICHI LIFE INSURANCE                              | Dai-ichi Life Insurance Co Ltd/The                                               | CUSIP: 000000000<br>LEI: 3538001235ACEIORUV72 | Long             | DBT              | CORP              | JP        |    200000 | PA      | $207892.40    | 0.02%             | 2035-01-16      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| BAYER US FINANCE LLC                                 | Bayer US Finance LLC                                                             | CUSIP: 07274EAM5<br>LEI: 54930093Q75GSEM74I71 | Long             | DBT              | CORP              | US        |    715000 | PA      | $778422.72    | 0.07%             | 2053-11-21      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                  | RRP AT+T INC 3.                                                                  | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |  -5393250 | PA      | $-5393250.00  | -0.50%            |  |  |  | No            |                  2 | On Loan: No      |
| KYOBO LIFE INSURANCE CO                              | Kyobo Life Insurance Co Ltd                                                      | CUSIP: 000000000<br>LEI: 988400Y298KYBHWRBS28 | Long             | DBT              | CORP              | KR        |    200000 | PA      | $203100.00    | 0.02%             | 2052-06-15      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| AIRPORT AUTHORITY HK                                 | Airport Authority                                                                | CUSIP: 000000000<br>LEI: 254900748HGC4RBR4O84 | Long             | DBT              | NUSS              | HK        |    200000 | PA      | $197500.00    | 0.02%             | 2026-03-08      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| CAESARS ENTERTAIN INC                                | Caesars Entertainment Inc                                                        | CUSIP: 12769GAC4<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |    812000 | PA      | $828230.26    | 0.08%             | 2032-02-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ATLAS CC ACQUISITION CORP                            | Atlas CC Acquisition Corp 2025 Second Out Term Loan C                            | CUSIP: 04921TAS3<br>LEI: 6HHLXIOGCDNZ4IRAIW26 | Long             | LON              | CORP              | US        |     54306 | PA      | $30937.48     | 0.00%             | 2029-05-25      | Floating      | 8.57%                 | No            |                  2 | On Loan: No      |
| GOAT HOLDCO LLC                                      | Goat Holdco LLC                                                                  | CUSIP: 38021MAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    452000 | PA      | $463299.87    | 0.04%             | 2032-02-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| PERIAMA HOLDINGS LLC/DE                              | Periama Holdings LLC/DE                                                          | CUSIP: 000000000<br>LEI: 254900NINXO00BLT2Z47 | Long             | DBT              | CORP              | US        |    200000 | PA      | $200700.00    | 0.02%             | 2026-04-19      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Minejesa Capital BV                                  | Minejesa Capital BV                                                              | CUSIP: 000000000<br>LEI: 549300KS7ERCP10BKC35 | Long             | DBT              | CORP              | NL        |    143840 | PA      | $143120.80    | 0.01%             | 2030-08-10      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| GENESEE & WYOMING INC                                | Genesee & Wyoming Inc                                                            | CUSIP: 371559AB1<br>LEI: G617XSG94Z7G0RMW3L02 | Long             | DBT              | CORP              | US        |    625000 | PA      | $635088.75    | 0.06%             | 2032-04-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| HOWARD MIDSTREAM ENERGY                              | Howard Midstream Energy Partners LLC                                             | CUSIP: 442722AC8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     37000 | PA      | $38406.93     | 0.00%             | 2032-07-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| ROCKETMTGE CO-ISSUER INC                             | Rocket Mortgage LLC / Rocket Mortgage Co-Issuer Inc                              | CUSIP: 77313LAB9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     45000 | PA      | $41097.76     | 0.00%             | 2033-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Dynasty Acquisition Co Inc                           | Dynasty Acquisition Co Inc 2024 1st Lien Term Loan B1                            | CUSIP: 26812CAN6<br>LEI: 549300L1RCRPOAUCB870 | Long             | LON              | CORP              | US        |    323816 | PA      | $323799.93    | 0.03%             | 2031-10-31      | Floating      | 6.16%                 | No            |                  2 | On Loan: No      |
| NXP BV/NXP FDG/NXP USA                               | NXP BV / NXP Funding LLC / NXP USA Inc                                           | CUSIP: 62954HBE7<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    750000 | PA      | $751740.00    | 0.07%             | 2027-06-01      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                | RRP CSX CORP 3.                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |   -547662 | PA      | $-547662.50   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| ROCKET COS INC                                       | Rocket Cos Inc                                                                   | CUSIP: 77311WAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1844000 | PA      | $1892534.08   | 0.18%             | 2030-08-01      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| TALLGRASS NRG PRTNR/FIN                              | Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp                     | CUSIP: 87470LAL5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    672000 | PA      | $692054.50    | 0.06%             | 2029-02-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| AAL Delaware Holdco Inc                              | AAL Delaware Holdco Inc 2025 Term Loan                                           | CUSIP: 00036YAD5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     52867 | PA      | $52906.48     | 0.00%             | 2031-07-30      | Floating      | 6.91%                 | No            |                  2 | On Loan: No      |
| Generate CLO Ltd.                                    | Generate Clo 17 Ltd                                                              | CUSIP: 37149PAA6<br>LEI: 21380057FWYXY89TJK26 | Long             | ABS-CBDO         | CORP              | KY        |   3000000 | PA      | $3010783.50   | 0.28%             | 2037-10-22      | Floating      | 5.73%                 | No            |                  2 | On Loan: No      |
| AIMBRIDGE ACQUISITION CO INC                         | Aimbridge Acquisition Co Inc 2025 1st Lien Second Out Term Loan                  | CUSIP: 00900YAH9<br>LEI: 549300SPGKLVE9WYCQ20 | Long             | LON              | CORP              | US        |     27225 | PA      | $27123.32     | 0.00%             | 2030-03-11      | Floating      | 6.00%                 | No            |                  2 | On Loan: No      |
| MOHEGAN TRIBAL / MS DIG                              | Mohegan Tribal Gaming Authority / MS Digital Entertainment Holdings LLC          | CUSIP: 60832QAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    333000 | PA      | $346000.32    | 0.03%             | 2030-04-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| MH Sub I LLC                                         | MH Sub I LLC 2023 Term Loan                                                      | CUSIP: 45567YAN5<br>LEI: 2549005VFKP807SR8N49 | Long             | LON              | CORP              | US        |     92742 | PA      | $89071.73     | 0.01%             | 2028-05-03      | Floating      | 8.25%                 | No            |                  2 | On Loan: No      |
| DAVITA INC                                           | DaVita Inc                                                                       | CUSIP: 23918KAW8<br>LEI: M2XHYMU3TZNEZURC6H66 | Long             | DBT              | CORP              | US        |    249000 | PA      | $257225.96    | 0.02%             | 2032-09-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| OCP CLO Ltd                                          | OCP CLO 2020-19 Ltd                                                              | CUSIP: 670881AU5<br>LEI: 254900ZMV4RGFPV8TK42 | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $2003001.20   | 0.19%             | 2038-04-20      | Floating      | 5.51%                 | No            |                  2 | On Loan: No      |
| Sabre GLBL Inc                                       | Sabre GLBL Inc 2022 1st Lien Term Loan B                                         | CUSIP: 78571YBJ8<br>LEI: F2TJC7HPPHLHU1AQMP98 | Long             | LON              | CORP              | US        |      3879 | PA      | $3627.18      | 0.00%             | 2028-06-30      | Floating      | 9.26%                 | No            |                  2 | On Loan: No      |
| ONEDIGITAL BORROWER LLC                              | OneDigital Borrower LLC 2025 Repriced Term Loan                                  | CUSIP: 68277FAN9<br>LEI: 2549009GTKWWAO1E9X77 | Long             | LON              | CORP              | US        |     33000 | PA      | $32959.41     | 0.00%             | 2031-07-02      | Floating      | 7.16%                 | No            |                  2 | On Loan: No      |
| ALTICE FINANCING SA                                  | Altice Financing SA                                                              | CUSIP: 02154CAF0<br>LEI: 549300DIYGW8HVDF7Q17 | Long             | DBT              | CORP              | LU        |    200000 | PA      | $155500.00    | 0.01%             | 2028-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JP MORGAN SECURITIES LLC                             | RRP TENET HEALT                                                                  | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | Short            | RA               | CORP              | US        |  -2665245 | PA      | $-2665245.00  | -0.25%            |  |  |  | No            |                  2 | On Loan: No      |
| WALKER & DUNLOP INC                                  | Walker & Dunlop Inc                                                              | CUSIP: 93148PAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    192000 | PA      | $196348.16    | 0.02%             | 2033-04-01      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| American Airlines Inc                                | American Airlines Inc 2017 1st Lien Term Loan                                    | CUSIP: 02376CAX3<br>LEI: IWUQB36BXD6OWD6X4T14 | Long             | LON              | CORP              | US        |    105791 | PA      | $105438.28    | 0.01%             | 2027-01-29      | Floating      | 5.98%                 | No            |                  2 | On Loan: No      |
| EQUITABLE IOWA CAP TR II                             | Equitable of Iowa Cos Capital Trust II                                           | CUSIP: 294514AC8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4856180.00   | 0.45%             | 2027-04-01      | Fixed         | 8.42%                 | No            |                  2 | On Loan: No      |
| Sabre GLBL Inc                                       | Sabre GLBL Inc 2021 Term Loan B1                                                 | CUSIP: 78571YBG4<br>LEI: F2TJC7HPPHLHU1AQMP98 | Long             | LON              | CORP              | US        |     27920 | PA      | $26384.69     | 0.00%             | 2027-12-17      | Floating      | 7.78%                 | No            |                  2 | On Loan: No      |
| Rand Parent, LLC                                     | Rand Parent LLC 2025 Term Loan B                                                 | CUSIP: 75223LAD8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    171375 | PA      | $170487.35    | 0.02%             | 2030-03-18      | Floating      | 7.00%                 | No            |                  2 | On Loan: No      |
| WESCO DISTRIBUTION INC                               | WESCO Distribution Inc                                                           | CUSIP: 95081QAS3<br>LEI: 549300I2CEZJG9N4AH67 | Long             | DBT              | CORP              | US        |    346000 | PA      | $358673.35    | 0.03%             | 2033-03-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| AMSTED INDUSTRIES                                    | Amsted Industries Inc                                                            | CUSIP: 032177AK3<br>LEI: N2VLGYMEEBIU3PFSUY86 | Long             | DBT              | CORP              | US        |    165000 | PA      | $169352.70    | 0.02%             | 2033-03-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| CQP HOLDCO LP/BIP-V CHIN                             | CQP Holdco LP / BIP-V Chinook Holdco LLC                                         | CUSIP: 12657NAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2468000 | PA      | $2445058.21   | 0.23%             | 2031-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| VITAL ENERGY INC                                     | Vital Energy Inc                                                                 | CUSIP: 516806AJ5<br>LEI: 549300X0PTWU2QSLSL14 | Long             | DBT              | CORP              | US        |    322000 | PA      | $336186.68    | 0.03%             | 2030-10-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| Baldwin Insurance Group Holdings LLC                 | Baldwin Insurance Group Holdings LLC 2025 Term Loan B2                           | CUSIP: 05825HAH7<br>LEI: 5493004GCDREAQPPYG20 | Long             | LON              | CORP              | US        |    125723 | PA      | $125619.02    | 0.01%             | 2031-05-26      | Floating      | 6.64%                 | No            |                  2 | On Loan: No      |
| EXPORT-IMPORT BANK KOREA                             | Export-Import Bank of Korea                                                      | CUSIP: 302154DM8<br>LEI: 549300APVP4R32PI3Y06 | Long             | DBT              | NUSS              | KR        |    200000 | PA      | $194192.00    | 0.02%             | 2027-01-18      | Fixed         | 1.63%                 | No            |                  2 | On Loan: No      |
| PANTHER ESCROW ISSUER                                | Panther Escrow Issuer LLC                                                        | CUSIP: 69867RAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3541000 | PA      | $3683057.84   | 0.34%             | 2031-06-01      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| RBC CAPITAL MARKETS LLC                              | RRP ALLIED UNIV                                                                  | CUSIP: 000000000<br>LEI: 549300LCO2FLSSVFFR64 | Short            | RA               | CORP              | US        |   -177000 | PA      | $-177000.00   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                              | Goldman Sachs Group Inc/The                                                      | CUSIP: 38141GZR8<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   1830000 | PA      | $1816275.24   | 0.17%             | 2028-03-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Zelis Payments Buyer Inc                             | Zelis Payments Buyer Inc Term Loan B                                             | CUSIP: 98932TAG8<br>LEI: 549300U8NGLZN5R1Y309 | Long             | LON              | CORP              | US        |    160000 | PA      | $159532.80    | 0.01%             | 2029-09-28      | Floating      | 6.91%                 | No            |                  2 | On Loan: No      |
| ALIXPARTNERS LLP                                     | AlixPartners LLP 2025 USD Term Loan                                              | CUSIP: 01642PBE5<br>LEI: 5493005G2MHUFTGARL57 | Long             | LON              | CORP              | US        |    358312 | PA      | $355724.90    | 0.03%             | 2032-08-12      | Floating      | 6.16%                 | No            |                  2 | On Loan: No      |
| UNITED NATURAL FOODS INC                             | United Natural Foods Inc                                                         | CUSIP: 911163AA1<br>LEI: 549300GKGW6WPZ282D40 | Long             | DBT              | CORP              | US        |    336000 | PA      | $335973.36    | 0.03%             | 2028-10-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| WESCO DISTRIBUTION INC                               | WESCO Distribution Inc                                                           | CUSIP: 95081QAR5<br>LEI: 549300I2CEZJG9N4AH67 | Long             | DBT              | CORP              | US        |    172000 | PA      | $178745.89    | 0.02%             | 2032-03-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| CNX RESOURCES CORP                                   | CNX Resources Corp                                                               | CUSIP: 12653CAL2<br>LEI: 549300JK3KH8PWM3B226 | Long             | DBT              | CORP              | US        |    152000 | PA      | $157688.88    | 0.01%             | 2032-03-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                  | RRP AON PLC 4.2                                                                  | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |  -5251415 | PA      | $-5251415.00  | -0.49%            |  |  |  | No            |                  2 | On Loan: No      |
| Madison Park Funding Ltd                             | Madison Park Funding LVIII Ltd                                                   | CUSIP: 55817BAB8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1003930.10   | 0.09%             | 2037-04-25      | Floating      | 6.27%                 | No            |                  2 | On Loan: No      |
| RBC CAPITAL MARKETS LLC                              | RRP PROGRESS EN                                                                  | CUSIP: 000000000<br>LEI: 549300LCO2FLSSVFFR64 | Short            | RA               | CORP              | US        | -13080000 | PA      | $-13080000.00 | -1.22%            |  |  |  | No            |                  2 | On Loan: No      |
| NORTHERN OIL & GAS INC                               | Northern Oil & Gas Inc                                                           | CUSIP: 665531AG4<br>LEI: OKFF0PIZDDMNH4UCYE51 | Long             | DBT              | CORP              | US        |    907000 | PA      | $919805.93    | 0.09%             | 2028-03-01      | Fixed         | 8.13%                 | No            |                  2 | On Loan: No      |
| CABLE ONE INC                                        | Cable One Inc                                                                    | CUSIP: 12685JAE5<br>LEI: 549300648QS85T0XSH18 | Long             | DBT              | CORP              | US        |    136000 | PA      | $132464.64    | 0.01%             | 2026-03-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BOC AVIATION USA CORP                                | BOC Aviation USA Corp                                                            | CUSIP: 66980Q2E6<br>LEI: 254900QKLTY6MF4Y3P65 | Long             | DBT              | CORP              | US        |    200000 | PA      | $207658.00    | 0.02%             | 2030-01-14      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Parexel International Corporation                    | Parexel International Corporation 2025 Term Loan B                               | CUSIP: 71911KAE4<br>LEI: 254900PHGVI5379Z9791 | Long             | LON              | CORP              | US        |    345962 | PA      | $346142.04    | 0.03%             | 2028-11-15      | Floating      | 6.66%                 | No            |                  2 | On Loan: No      |
| Birch Grove CLO Ltd.                                 | Birch Grove CLO 3 Ltd                                                            | CUSIP: 09076VAU5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1001630.40   | 0.09%             | 2038-01-19      | Floating      | 5.93%                 | No            |                  2 | On Loan: No      |
| FIBERCOP SPA                                         | Fibercop SpA                                                                     | CUSIP: 683879AD2<br>LEI: 8156007022402E114A31 | Long             | DBT              | CORP              | IT        |    600000 | PA      | $571897.02    | 0.05%             | 2034-09-30      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| JAZZ FINANCING LUX SARL                              | Jazz Financing Lux Sarl 2024 1st Lien Term Loan B2                               | CUSIP: 000000000<br>LEI: 635400WUEO2NSG5OIU34 | Long             | LON              | CORP              | LU        |    276002 | PA      | $276134.75    | 0.03%             | 2028-05-05      | Floating      | 6.41%                 | No            |                  2 | On Loan: No      |
| Walmart Inc                                          | Walmart Inc                                                                      | CUSIP: 931142CB7<br>LEI: Y87794H0US1R65VBXU25 | Long             | DBT              | CORP              | US        |   5150000 | PA      | $5453132.09   | 0.51%             | 2035-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CLEAN HARBORS INC                                    | CLEAN HARBORS INC 2025 TERM LOAN                                                 | CUSIP: 18449EAJ9<br>LEI: 5493000SJVZVZJKHJF48 | Long             | LON              | CORP              | US        |     95000 | PA      | $95118.75     | 0.01%             | 2032-09-24      | Floating      | 5.64%                 | No            |                  2 | On Loan: No      |
| Charter Communications Operating, LLC                | Charter Communications Operating LLC 2024 Term Loan B5                           | CUSIP: 16117LCE7<br>LEI: 549300TPZNMN50BJ3745 | Long             | LON              | CORP              | US        |    149026 | PA      | $148951.19    | 0.01%             | 2031-12-15      | Floating      | 6.54%                 | No            |                  2 | On Loan: No      |
| ICAHN ENTERPRISES/FIN                                | Icahn Enterprises LP / Icahn Enterprises Finance Corp                            | CUSIP: 451102CC9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    252000 | PA      | $217528.79    | 0.02%             | 2029-02-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| SEAGATE DATA STORAGE TECHNOLOG                       | SEAGATE DATA STOR                                                                | CUSIP: 81180LAM7<br>LEI: N/A                  | Long             | DBT              | CORP              | SG        |    589000 | PA      | $623516.58    | 0.06%             | 2029-12-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| OUTFRONT MEDIA CAP LLC/C                             | Outfront Media Capital LLC / Outfront Media Capital Corp                         | CUSIP: 69007TAB0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    119000 | PA      | $118401.98    | 0.01%             | 2027-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FAIR ISAAC CORP                                      | Fair Isaac Corp                                                                  | CUSIP: 303250AG9<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | DBT              | CORP              | US        |   1569000 | PA      | $1588523.33   | 0.15%             | 2033-05-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL SERVICES                             | Hyundai Capital Services Inc                                                     | CUSIP: 000000000<br>LEI: 549300MALMDAGL2ZJJ27 | Long             | DBT              | CORP              | KR        |    225000 | PA      | $229745.25    | 0.02%             | 2029-02-05      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| AMERICAN AIRLINES INC                                | American Airlines Inc 2024 1st Lien Term Loan B                                  | CUSIP: 02376CBR5<br>LEI: IWUQB36BXD6OWD6X4T14 | Long             | LON              | CORP              | US        |    158923 | PA      | $158657.84    | 0.01%             | 2028-02-15      | Floating      | 6.50%                 | No            |                  2 | On Loan: No      |
| VIKING CRUISES LTD                                   | Viking Cruises Ltd                                                               | CUSIP: 92676XAG2<br>LEI: 549300IJP90T4MV2GL84 | Long             | DBT              | CORP              | BM        |   1253000 | PA      | $1344869.96   | 0.13%             | 2031-07-15      | Fixed         | 9.13%                 | No            |                  2 | On Loan: No      |
| LEVEL 3 FINANCING INC                                | Level 3 Financing Inc                                                            | CUSIP: 527298CM3<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |   2536500 | PA      | $2585150.07   | 0.24%             | 2033-06-30      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| ACP TARA HOLDINGS INC                                | ACP TARA HOLDINGS INC 2025 TERM LOAN B                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     35000 | PA      | $35000.00     | 0.00%             | 2032-09-17      | Floating      | 7.38%                 | No            |                  3 | On Loan: No      |
| ALLIED UNIVERSAL                                     | Allied Universal Holdco LLC / Allied Universal Finance Corp                      | CUSIP: 019576AC1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    800000 | PA      | $786443.12    | 0.07%             | 2029-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| NABORS INDUSTRIES INC                                | Nabors Industries Inc                                                            | CUSIP: 62957HAJ4<br>LEI: 549300VFQWRKICUFNU92 | Long             | DBT              | CORP              | US        |     74000 | PA      | $75117.99     | 0.01%             | 2027-05-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| QUIKRETE HOLDINGS INC                                | Quikrete Holdings Inc                                                            | CUSIP: 74843PAA8<br>LEI: 5493007KIN86DIZWZT22 | Long             | DBT              | CORP              | US        |   1724000 | PA      | $1785795.06   | 0.17%             | 2032-03-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Fertitta Entertainment LLC                           | Fertitta Entertainment LLC 2022 Term Loan B                                      | CUSIP: 31556PAB3<br>LEI: 984500A0805D8V551D35 | Long             | LON              | CORP              | US        |    656562 | PA      | $655406.69    | 0.06%             | 2029-01-27      | Floating      | 7.41%                 | No            |                  2 | On Loan: No      |
| AGL CLO Ltd.                                         | AGL CLO 20 Ltd                                                                   | CUSIP: 00119CAN1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |   1000000 | PA      | $1002759.90   | 0.09%             | 2037-10-20      | Floating      | 5.70%                 | No            |                  2 | On Loan: No      |
| WASTE PRO USA INC                                    | Waste Pro USA Inc                                                                | CUSIP: 94107JAC7<br>LEI: 549300BY1QXU5BI3UF28 | Long             | DBT              | CORP              | US        |   1318000 | PA      | $1365180.45   | 0.13%             | 2033-02-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| NOMURA SECURITIES INTERNATIONAL INC                  | RRP MATCH GROUP                                                                  | CUSIP: 000000000<br>LEI: OXTKY6Q8X53C9ILVV871 | Short            | RA               | CORP              | US        |   -186078 | PA      | $-186077.50   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| CALIFORNIA BUYER/ATLANTI                             | California Buyer Ltd / Atlantica Sustainable Infrastructure PLC                  | CUSIP: 13005HAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |    286000 | PA      | $293130.27    | 0.03%             | 2032-02-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| VanEck J. P. Morgan EM Local Currency Bond ETF       | VanEck J. P. Morgan EM Local Currency Bond ETF                                   | CUSIP: 92189H300<br>LEI: 549300CNWPR88MZBEA63 | Long             | EC               | RF                | US        |   1025002 | NS      | $26147801.02  | 2.45%             |  |  |  | No            |                  1 | On Loan: No      |
| BARCLAYS CAPITAL INC                                 | RRP SOUTHERN CO                                                                  | CUSIP: 000000000<br>LEI: AC28XWWI3WIBK2824319 | Short            | RA               | CORP              | US        |  -3626819 | PA      | $-3626818.88  | -0.34%            |  |  |  | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUE                                | Venture Global Plaquemines LNG LLC                                               | CUSIP: 922966AB2<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |    293000 | PA      | $330711.53    | 0.03%             | 2035-05-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                 | Bank of America Corp                                                             | CUSIP: 06055HAK9<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10127765.50  | 0.95%             | 2030-07-26      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| VICI PROPERTIES LP                                   | VICI Properties LP                                                               | CUSIP: 925650AD5<br>LEI: 254900X4QE7SGKQLLN38 | Long             | DBT              |  | US        |   3155000 | PA      | $3186053.15   | 0.30%             | 2032-05-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| Philippines Government International Bonds           | Philippines Government International Bonds                                       | CUSIP: 718286CA3<br>LEI: 529900RAHBALMYIJ3T08 | Long             | DBT              | NUSS              | PH        |    300000 | PA      | $255300.00    | 0.02%             | 2041-03-01      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| Project Boost Purchaser LLC                          | Project Boost Purchaser LLC 2025 Refinancing Term Loan                           | CUSIP: 74339NAG1<br>LEI: 254900SVSL94NTLSDY26 | Long             | LON              | CORP              | US        |    296338 | PA      | $295413.86    | 0.03%             | 2031-07-16      | Floating      | 7.07%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS SA                                       | RRP SERVICE PRO                                                                  | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | Short            | RA               | CORP              | US        |   -210875 | PA      | $-210875.00   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS CAPITAL INC                                 | RRP ANHEUSER BU                                                                  | CUSIP: 000000000<br>LEI: AC28XWWI3WIBK2824319 | Short            | RA               | CORP              | US        |  -4754150 | PA      | $-4754150.00  | -0.44%            |  |  |  | No            |                  2 | On Loan: No      |
| CP Atlas Buyer, Inc.                                 | CP Atlas Buyer Inc 2025 Term Loan                                                | CUSIP: 12658HAL6<br>LEI: 2549006ZZ07G0NDDCR36 | Long             | LON              | CORP              | US        |    143000 | PA      | $139782.50    | 0.01%             | 2030-07-08      | Floating      | 9.41%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc                                        | Citigroup Inc                                                                    | CUSIP: 172967HA2<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   4125000 | PA      | $4659385.13   | 0.44%             | 2043-09-13      | Fixed         | 6.68%                 | No            |                  2 | On Loan: No      |
| WEX INC                                              | WEX Inc 2025 Incremental Term Loan B                                             | CUSIP: 96208UAX9<br>LEI: T9M5IGROL1TL1G5OV478 | Long             | LON              | CORP              | US        |     79600 | PA      | $79226.68     | 0.01%             | 2032-03-05      | Floating      | 5.91%                 | No            |                  2 | On Loan: No      |
| LABL INC                                             | LABL Inc                                                                         | CUSIP: 50168QAC9<br>LEI: 5493004FUZN8R6Y3VB98 | Long             | DBT              | CORP              | US        |    428000 | PA      | $331616.63    | 0.03%             | 2028-11-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                | Wells Fargo & Co                                                                 | CUSIP: 949746RF0<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   4119000 | PA      | $4123411.70   | 0.39%             | 2044-01-15      | Fixed         | 5.61%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                | RRP WELLS FARGO                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |  -3845781 | PA      | $-3845781.25  | -0.36%            |  |  |  | No            |                  2 | On Loan: No      |
| Peraton Corp                                         | Peraton Corp Term Loan B                                                         | CUSIP: 71360HAB3<br>LEI: 549300EQPCK07ZW63836 | Long             | LON              | CORP              | US        |    241270 | PA      | $203060.21    | 0.02%             | 2028-02-01      | Floating      | 8.01%                 | No            |                  2 | On Loan: No      |
| GLOBAL NET LEASE/GLOBAL                              | Global Net Lease Inc / Global Net Lease Operating Partnership LP                 | CUSIP: 37892AAA8<br>LEI: N/A                  | Long             | DBT              |  | US        |    197000 | PA      | $191208.85    | 0.02%             | 2027-12-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| PLANVIEW PARENT INC                                  | Planview Parent Inc 2024 1st Lien Term Loan                                      | CUSIP: 72751PAJ3<br>LEI: 549300SEALM1D9FKMA32 | Long             | LON              | CORP              | US        |     45500 | PA      | $44741.86     | 0.00%             | 2027-12-17      | Floating      | 7.50%                 | No            |                  2 | On Loan: No      |
| CONNECT FINCO SARL/CONNE                             | Connect Finco SARL / Connect US Finco LLC                                        | CUSIP: 20752TAB0<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    317000 | PA      | $333295.33    | 0.03%             | 2029-09-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| OVERSEA-CHINESE BANKING                              | Oversea-Chinese Banking Corp Ltd                                                 | CUSIP: 69033DAE7<br>LEI: 5493007O3QFXCPOGWK22 | Long             | DBT              | CORP              | SG        |    800000 | PA      | $799712.00    | 0.07%             | 2035-09-08      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS SA                                       | RRP W R GRACE H                                                                  | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | Short            | RA               | CORP              | US        |   -372682 | PA      | $-372682.50   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                  | RRP TELEFONICA                                                                   | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |  -4308650 | PA      | $-4308650.00  | -0.40%            |  |  |  | No            |                  2 | On Loan: No      |
| Regatta XXVII Funding Ltd.                           | Regatta XXVII Funding Ltd                                                        | CUSIP: 758970AA5<br>LEI: 213800A3LAH3GG226R43 | Long             | ABS-CBDO         | CORP              | JE        |   2000000 | PA      | $2009438.00   | 0.19%             | 2037-04-26      | Floating      | 5.84%                 | No            |                  2 | On Loan: No      |
| Summer (BC) Holdco B Sa rl                           | Summer (BC) Holdco B Sa rl 2024 USD Term Loan B                                  | CUSIP: 000000000<br>LEI: 984500NRF59D5DB9B654 | Long             | LON              | CORP              | LU        |     36814 | PA      | $36138.81     | 0.00%             | 2029-02-15      | Floating      | 9.26%                 | No            |                  2 | On Loan: No      |
| ASURION LLC                                          | Asurion LLC 2024 Term Loan B12                                                   | CUSIP: 04649VBD1<br>LEI: 549300KNQVXGIOXWK278 | Long             | LON              | CORP              | US        |     44774 | PA      | $44584.91     | 0.00%             | 2030-09-19      | Floating      | 8.41%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                | RRP NVIDIA CORP                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |   -523110 | PA      | $-523110.00   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| CNT HOLDINGS I CORP                                  | CNT Holdings I Corp 2025 Term Loan                                               | CUSIP: 12656AAF6<br>LEI: 254900SYIEHMSB69WT08 | Long             | LON              | CORP              | US        |    174952 | PA      | $174799.39    | 0.02%             | 2032-11-08      | Floating      | 6.56%                 | No            |                  2 | On Loan: No      |
| AMERITEX HOLDCO INTERMED                             | AmeriTex HoldCo Intermediate LLC                                                 | CUSIP: 030727AB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    286000 | PA      | $297665.51    | 0.03%             | 2033-08-15      | Fixed         | 7.63%                 | No            |                  2 | On Loan: No      |
| GO DADDY OPERATING COMPANY LLC                       | Go Daddy Operating Company LLC 2024 Term Loan B7                                 | CUSIP: 38017BAW6<br>LEI: 5493005GJOH8HLL11157 | Long             | LON              | CORP              | US        |    206507 | PA      | $206129.03    | 0.02%             | 2031-05-30      | Floating      | 5.91%                 | No            |                  2 | On Loan: No      |
| FIRST ABU DHABI BANK PJS                             | First Abu Dhabi Bank PJSC                                                        | CUSIP: 000000000<br>LEI: 2138002Y3WMK6RZS8H90 | Long             | DBT              | CORP              | AE        |    200000 | PA      | $205000.00    | 0.02%             | 2029-02-28      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SEALED AIR CORP                                      | Sealed Air Corp                                                                  | CUSIP: 81211KBA7<br>LEI: Q0M0CZB4YN6JZ65WXI09 | Long             | DBT              | CORP              | US        |     86000 | PA      | $85520.17     | 0.01%             | 2029-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CSC Holdings LLC                                     | CSC Holdings LLC                                                                 | CUSIP: 126307AQ0<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    402000 | PA      | $381549.56    | 0.04%             | 2027-04-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Indonesia Government International Bonds             | Indonesia Government International Bonds                                         | CUSIP: 455780CN4<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        |    200000 | PA      | $152800.00    | 0.01%             | 2049-10-30      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| Restoration Hardware Inc                             | Restoration Hardware Inc 2022 Incremental Term Loan                              | CUSIP: 76133MAC5<br>LEI: 549300H9H1H3OC7C3H47 | Long             | LON              | CORP              | US        |     37858 | PA      | $37006.39     | 0.00%             | 2028-10-20      | Floating      | 7.51%                 | No            |                  2 | On Loan: No      |
| Trimaran CAVU Ltd                                    | Trimaran Cavu 2021-2 Ltd                                                         | CUSIP: 89624UAC6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1500000 | PA      | $1501110.15   | 0.14%             | 2034-10-25      | Floating      | 6.33%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS SA                                       | RRP US ACUTE CA                                                                  | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | Short            | RA               | CORP              | US        |   -318622 | PA      | $-318622.50   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                | RRP SPRINT CAPI                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |  -2382868 | PA      | $-2382867.50  | -0.22%            |  |  |  | No            |                  2 | On Loan: No      |
| 1261229 BC LTD                                       | 1261229 BC Ltd                                                                   | CUSIP: 68288AAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |   4000000 | PA      | $4100208.16   | 0.38%             | 2032-04-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| FOCUS FINANCIAL PARTNERS LLC                         | Focus Financial Partners LLC 2025 Incremental Term Loan B                        | CUSIP: 34416DBD9<br>LEI: 5493007L0E0VKRC2CP39 | Long             | LON              | CORP              | US        |    198396 | PA      | $198415.73    | 0.02%             | 2031-09-15      | Floating      | 6.91%                 | No            |                  2 | On Loan: No      |
| VERITAS SERIES G PREFERRED STO                       | VERITAS SERIES G PREFERRED STO                                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | US        |       310 | NS      | $7060.92      | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| BOFA SECURITIES INC                                  | RRP OUTFRONT ME                                                                  | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |   -127380 | PA      | $-127380.00   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| PG&E CORP                                            | PG&E Corp                                                                        | CUSIP: 69331CAJ7<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | DBT              | CORP              | US        |    226000 | PA      | $222868.79    | 0.02%             | 2030-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ALLIANT HOLD / CO-ISSUER                             | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer                   | CUSIP: 01883LAE3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    356000 | PA      | $362310.10    | 0.03%             | 2028-04-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ARCLINE FM HOLDINGS LLC                              | Arcline FM Holdings LLC 2025 Term Loan                                           | CUSIP: 03960DAH6<br>LEI: 2549000HKCEC1E8UTO17 | Long             | LON              | CORP              | US        |    129675 | PA      | $129573.85    | 0.01%             | 2030-06-24      | Floating      | 7.58%                 | No            |                  2 | On Loan: No      |
| ECHOSTAR CORP                                        | EchoStar Corp                                                                    | CUSIP: 278768AC0<br>LEI: 549300EE20907QZ9GT38 | Long             | DBT              | CORP              | US        |   1570729 | PA      | $1728068.92   | 0.16%             | 2029-11-30      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| STANDARD CHARTERED PLC                               | Standard Chartered PLC                                                           | CUSIP: 000000000<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $212000.00    | 0.02%             | 2032-01-16      | Fixed         | 7.63%                 | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                  | RRP HUSKY IMS C                                                                  | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |   -580520 | PA      | $-580520.00   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                | RRP CROWN CASTL                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |   -580150 | PA      | $-580150.00   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                                 | OneMain Finance Corp                                                             | CUSIP: 682691AM2<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    550000 | PA      | $550869.00    | 0.05%             | 2033-03-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| STATE STREET CORP                                    | State Street Corp                                                                | CUSIP: 857477BY8<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |   2925000 | PA      | $3027214.42   | 0.28%             | 2028-11-04      | Fixed         | 5.82%                 | No            |                  2 | On Loan: No      |
| SABRE GLBL INC                                       | Sabre GLBL Inc                                                                   | CUSIP: 78573NAL6<br>LEI: F2TJC7HPPHLHU1AQMP98 | Long             | DBT              | CORP              | US        |    589000 | PA      | $569208.92    | 0.05%             | 2029-11-15      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| CHOBANI LLC                                          | Chobani LLC 2025 Repriced Term Loan B                                            | CUSIP: 17026YAK5<br>LEI: 549300ISVDMZ91KNTR38 | Long             | LON              | CORP              | US        |    677811 | PA      | $679363.52    | 0.06%             | 2027-10-25      | Floating      | 6.66%                 | No            |                  2 | On Loan: No      |
| MGM CHINA HOLDINGS LTD                               | MGM China Holdings Ltd                                                           | CUSIP: 55300RAJ0<br>LEI: 529900VZFN87OS7WJM66 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $211000.00    | 0.02%             | 2031-06-26      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| CK HUTCHISON INTL 23                                 | CK Hutchison International 23 Ltd                                                | CUSIP: 000000000<br>LEI: 2549003AJI1YI8883K46 | Long             | DBT              | CORP              | KY        |    400000 | PA      | $405028.00    | 0.04%             | 2033-04-21      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| SINGAPORE AIRLINES LTD                               | Singapore Airlines Ltd                                                           | CUSIP: 000000000<br>LEI: 549300ZG62N2599PWR15 | Long             | DBT              | CORP              | SG        |    200000 | PA      | $198082.00    | 0.02%             | 2026-07-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| GGAM FINANCE LTD                                     | GGAM Finance Ltd                                                                 | CUSIP: 36170JAD8<br>LEI: 254900X2QXEN0FVXRF65 | Long             | DBT              | CORP              | KY        |    462000 | PA      | $479099.08    | 0.04%             | 2029-04-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Mexico Government International Bonds                | Mexico Government International Bonds                                            | CUSIP: 91086QBB3<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |   5800000 | PA      | $4838650.00   | 0.45%             | 2044-03-08      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| DELTA 2 LUX SARL                                     | Delta 2 (LUX) Sarl 2024 Term Loan B2                                             | CUSIP: 000000000<br>LEI: 549300BBG8Z3D6QSYP53 | Long             | LON              | CORP              | LU        |    113675 | PA      | $113639.97    | 0.01%             | 2031-09-30      | Floating      | 5.99%                 | No            |                  2 | On Loan: No      |
| ASBURY AUTOMOTIVE GROUP                              | Asbury Automotive Group Inc                                                      | CUSIP: 043436AX2<br>LEI: 549300JH4DTA7U42GL91 | Long             | DBT              | CORP              | US        |    100000 | PA      | $96023.24     | 0.01%             | 2032-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAT HOLDINGS I LLC/HAT                               | HAT Holdings I LLC / HAT Holdings II LLC                                         | CUSIP: 418751AL7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     79000 | PA      | $82245.53     | 0.01%             | 2027-06-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Prime Security Services Borrower, LLC                | Prime Security Services Borrower LLC 2025 Incremental Term Loan B                | CUSIP: 03765VAQ3<br>LEI: 549300O6QPZVWXV2DC15 | Long             | LON              | CORP              | US        |    239024 | PA      | $236595.95    | 0.02%             | 2032-03-07      | Floating      | 6.00%                 | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                                     | PURCHASED USD / SOLD EUR                                                         | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | N/A              | DFE              |  | US        |         1 | NC      | $627.50       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| DARLING GLOBAL FINANCE                               | Darling Global Finance BV                                                        | CUSIP: 000000000<br>LEI: 724500R2BQXOR6YG2Y67 | Long             | DBT              | CORP              | NL        |    235000 | PA      | $278558.07    | 0.03%             | 2032-07-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| OSAIC HOLDINGS INC                                   | Osaic Holdings Inc                                                               | CUSIP: 00791GAC1<br>LEI: 549300XL60BDV6UW5C86 | Long             | DBT              | CORP              | US        |    272000 | PA      | $281899.98    | 0.03%             | 2033-08-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| JIC ZHIXIN LTD                                       | JIC Zhixin Ltd                                                                   | CUSIP: 000000000<br>LEI: 635400KSR4PKISBWRJ22 | Long             | DBT              | CORP              | VG        |    200000 | PA      | $197690.08    | 0.02%             | 2027-11-24      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| PREMIER ENTERTAINMENT SU                             | Premier Entertainment Sub LLC / Premier Entertainment Finance Corp               | CUSIP: 74052HAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    242000 | PA      | $130680.00    | 0.01%             | 2029-09-01      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| CALPINE CORP                                         | Calpine Corp                                                                     | CUSIP: 131347CN4<br>LEI: 43R4VPJBXTU2O15HEF41 | Long             | DBT              | CORP              | US        |   2807000 | PA      | $2808431.57   | 0.26%             | 2028-03-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                  | RRP NIPPON LIFE                                                                  | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |  -7561226 | PA      | $-7561225.50  | -0.71%            |  |  |  | No            |                  2 | On Loan: No      |
| LABL INC                                             | LABL Inc                                                                         | CUSIP: 50168QAF2<br>LEI: 5493004FUZN8R6Y3VB98 | Long             | DBT              | CORP              | US        |    433000 | PA      | $318096.39    | 0.03%             | 2031-10-01      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| MUANGTHAI CAPITAL PCL                                | Muangthai Capital PCL                                                            | CUSIP: 000000000<br>LEI: 254900ZI1FO2W9132C98 | Long             | DBT              | CORP              | TH        |    475000 | PA      | $492361.25    | 0.05%             | 2030-07-21      | Fixed         | 7.55%                 | No            |                  2 | On Loan: No      |
| IRON MOUNTAIN INC                                    | Iron Mountain Inc                                                                | CUSIP: 46284VAJ0<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              |  | US        |     32000 | PA      | $31646.93     | 0.00%             | 2030-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| TALLGRASS NRG PRTNR/FIN                              | Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp                     | CUSIP: 87470LAK7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    182000 | PA      | $178072.84    | 0.02%             | 2031-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BANK OF CHINA/LUXEMBOURG                             | Bank of China Ltd/Luxembourg                                                     | CUSIP: 000000000<br>LEI: 54930053HGCFWVHYZX42 | Long             | DBT              | CORP              | CN        |    200000 | PA      | $196768.00    | 0.02%             | 2026-04-28      | Fixed         | 1.40%                 | No            |                  2 | On Loan: No      |
| PERMIAN RESOURC OPTG LLC                             | Permian Resources Operating LLC                                                  | CUSIP: 27034RAA1<br>LEI: 5493004CTVUMQLRPOE23 | Long             | DBT              | CORP              | US        |    444000 | PA      | $450896.24    | 0.04%             | 2027-04-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Atlas Senior Loan Fund LTD                           | Atlas Senior Loan Fund XII Ltd                                                   | CUSIP: 04942UAC0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |     77216 | PA      | $77272.69     | 0.01%             | 2031-10-24      | Floating      | 5.76%                 | No            |                  2 | On Loan: No      |
| NATIONSTAR MTG HLD INC                               | Nationstar Mortgage Holdings Inc                                                 | CUSIP: 63861CAG4<br>LEI: 549300DQF6YN0E43PM71 | Long             | DBT              | CORP              | US        |    682000 | PA      | $699655.62    | 0.07%             | 2029-08-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Octagon Investment Partners 26 Ltd                   | Octagon Investment Partners 26 Ltd                                               | CUSIP: 67590YAU4<br>LEI: 549300ZYOSZSIH0Y3392 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $503099.80    | 0.05%             | 2030-07-15      | Floating      | 7.43%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                | RRP AMERICAN TO                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |  -3785000 | PA      | $-3785000.00  | -0.35%            |  |  |  | No            |                  2 | On Loan: No      |
| WILSONART LLC                                        | Wilsonart LLC 2024 Term Loan B                                                   | CUSIP: 97246FAM8<br>LEI: 549300SAZRUMYKDJBY14 | Long             | LON              | CORP              | US        |    415147 | PA      | $400616.52    | 0.04%             | 2031-08-05      | Floating      | 8.25%                 | No            |                  2 | On Loan: No      |
| CLOUD SOFTWARE GROUP INC                             | Cloud Software Group Inc 2025 Term Loan B (2032)                                 | CUSIP: 88632NBL3<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | LON              | CORP              | US        |    619062 | PA      | $620825.87    | 0.06%             | 2032-08-13      | Floating      | 7.25%                 | No            |                  2 | On Loan: No      |
| Altice Financing SA                                  | Altice Financing SA USD 2017 1st Lien Term Loan                                  | CUSIP: 000000000<br>LEI: 549300DIYGW8HVDF7Q17 | Long             | LON              | CORP              | LU        |    243117 | PA      | $233392.56    | 0.02%             | 2026-01-31      | Floating      | 9.00%                 | No            |                  3 | On Loan: No      |
| US FOODS INC                                         | US Foods Inc                                                                     | CUSIP: 90290MAG6<br>LEI: 5493000JOOFAOUY1JZ87 | Long             | DBT              | CORP              | US        |    132000 | PA      | $136046.06    | 0.01%             | 2028-09-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                  | RRP PNC FINANCI                                                                  | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |  -2287500 | PA      | $-2287500.00  | -0.21%            |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                  | RRP COMMSCOPE L                                                                  | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |   -733564 | PA      | $-733563.75   | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| Regatta Funding                                      | Regatta XI Funding Ltd                                                           | CUSIP: 75887XAN7<br>LEI: 254900TUAAER6MTE4E64 | Long             | ABS-CBDO         | CORP              | KY        |   3000000 | PA      | $3009600.00   | 0.28%             | 2037-07-17      | Floating      | 5.72%                 | No            |                  2 | On Loan: No      |
| SABLE INTL FINANCE LTD                               | Sable International Finance Ltd                                                  | CUSIP: 785712AK6<br>LEI: 2138009IE9A35LO5JS73 | Long             | DBT              | CORP              | KY        |    639000 | PA      | $647322.98    | 0.06%             | 2032-10-15      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| FLUTTER TREASURY DAC                                 | Flutter Treasury DAC                                                             | CUSIP: 344045AA7<br>LEI: 635400JE8VLL9UFVIC38 | Long             | DBT              | CORP              | IE        |    224000 | PA      | $231306.66    | 0.02%             | 2029-04-29      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Coherent Corp                                        | Coherent Corp 2025 1st Lien Term Loan B2                                         | CUSIP: 45173JAS3<br>LEI: 549300O5C25A0MMHHU33 | Long             | LON              | CORP              | US        |    126432 | PA      | $126187.81    | 0.01%             | 2029-07-02      | Floating      | 6.13%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                   | Energy Transfer LP                                                               | CUSIP: 226373AT5<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    417000 | PA      | $435549.13    | 0.04%             | 2031-02-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| BOOTS GROUP FINCO LP                                 | Boots Group Finco LP                                                             | CUSIP: 000000000<br>LEI: 254900YVLYOVF1PF1N93 | Long             | DBT              | CORP              | US        |    465000 | PA      | $561631.74    | 0.05%             | 2032-08-31      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| CoreLogic Inc                                        | CoreLogic Inc Term Loan                                                          | CUSIP: 21870FBA6<br>LEI: 54930086CD8K2UIL0516 | Long             | LON              | CORP              | US        |    265165 | PA      | $264916.08    | 0.02%             | 2028-06-02      | Floating      | 7.78%                 | No            |                  2 | On Loan: No      |
| Trestles CLO LTD                                     | Trestles CLO VII Ltd                                                             | CUSIP: 89532XAC1<br>LEI: 254900F81BZ53L0B6092 | Long             | ABS-CBDO         | CORP              | KY        |   1387745 | PA      | $1392324.70   | 0.13%             | 2037-10-25      | Floating      | 5.70%                 | No            |                  2 | On Loan: No      |
| TICP CLO Ltd                                         | TICP CLO VI 2016-2 Ltd                                                           | CUSIP: 87246MAS1<br>LEI: 254900JG2DPAYUCW8T83 | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $2003309.80   | 0.19%             | 2034-01-15      | Floating      | 5.70%                 | No            |                  2 | On Loan: No      |
| ATI INC                                              | ATI Inc                                                                          | CUSIP: 01741RAN2<br>LEI: ZW1LRE7C3H17O2ZN9B45 | Long             | DBT              | CORP              | US        |    657000 | PA      | $689643.05    | 0.06%             | 2030-08-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| WEBER STEPHEN PRODUCTS LLC                           | WEBER STEPHEN PRODUCTS LLC 2025 TERM LOAN B                                      | CUSIP: 000000000<br>LEI: 549300XU8TJBBGLK8V26 | Long             | LON              | CORP              | US        |    206000 | PA      | $203682.50    | 0.02%             | 2032-09-17      | Floating      | 7.88%                 | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                  | RRP RAYTHEON TE                                                                  | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |   -887400 | PA      | $-887400.00   | -0.08%            |  |  |  | No            |                  2 | On Loan: No      |
| ARES CLO Ltd                                         | Ares Loan Funding V Ltd                                                          | CUSIP: 04020QAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |   1000000 | PA      | $1005498.60   | 0.09%             | 2037-07-27      | Floating      | 5.82%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                               | US 2YR NOTE (CBT) DEC25                                                          | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |       197 | NC      | $54425.82     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| API GROUP DE INC                                     | APi Group DE Inc 2025 Term Loan                                                  | CUSIP: 00186XAN3<br>LEI: 549300XP4G7B4QYA0G83 | Long             | LON              | CORP              | US        |    347469 | PA      | $347132.13    | 0.03%             | 2029-01-03      | Floating      | 5.91%                 | No            |                  2 | On Loan: No      |
| BARCLAYS CAPITAL INC                                 | RRP PRA HEALTH                                                                   | CUSIP: 000000000<br>LEI: AC28XWWI3WIBK2824319 | Short            | RA               | CORP              | US        |   -657510 | PA      | $-657510.00   | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| CLYDESDALE ACQUISITION                               | Clydesdale Acquisition Holdings Inc                                              | CUSIP: 18972EAB1<br>LEI: 254900QKSDYFR3K5YD98 | Long             | DBT              | CORP              | US        |    416000 | PA      | $427333.09    | 0.04%             | 2030-04-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| SPRINT LLC                                           | Sprint LLC                                                                       | CUSIP: 85207UAK1<br>LEI: 549300ZTTY7CXOLJ6539 | Long             | DBT              | CORP              | US        |   1096000 | PA      | $1098449.07   | 0.10%             | 2026-03-01      | Fixed         | 7.63%                 | No            |                  2 | On Loan: No      |
| YANGO JUSTICE INTL                                   | Yango Justice International Ltd                                                  | CUSIP: 000000000<br>LEI: 3003007ELD2HAYCXPT77 | Long             | DBT              | CORP              | HK        |    200000 | PA      | $250.00       | 0.00%             | 2023-11-25      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SERVICE PROPERTIES TRUST                             | Service Properties Trust                                                         | CUSIP: 81761LAF9<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              |  | US        |    340000 | PA      | $299720.30    | 0.03%             | 2027-09-30      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| HILCORP ENERGY I/HILCORP                             | Hilcorp Energy I LP / Hilcorp Finance Co                                         | CUSIP: 431318AU8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    199000 | PA      | $196034.70    | 0.02%             | 2029-02-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| GGAM FINANCE LTD                                     | GGAM Finance Ltd                                                                 | CUSIP: 36170JAB2<br>LEI: 254900X2QXEN0FVXRF65 | Long             | DBT              | CORP              | KY        |     66000 | PA      | $66164.71     | 0.01%             | 2026-05-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| PIRAMAL FINANCE LTD                                  | Piramal Capital & Housing Finance Ltd                                            | CUSIP: 000000000<br>LEI: 335800M751HM7MSTFQ19 | Long             | DBT              | CORP              | IN        |    200000 | PA      | $205000.00    | 0.02%             | 2028-01-29      | Fixed         | 7.80%                 | No            |                  2 | On Loan: No      |
| Sprint Capital Corp                                  | Sprint Capital Corp                                                              | CUSIP: 852060AT9<br>LEI: 549300L17W0GQBR1PO80 | Long             | DBT              | CORP              | US        |   2041000 | PA      | $2486517.26   | 0.23%             | 2032-03-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| IPS Corporation                                      | IPS Corporation 2021 Term Loan                                                   | CUSIP: 12659EAC2<br>LEI: 25490024F0AS5UR7DB02 | Long             | LON              | CORP              | US        |    175279 | PA      | $175005.79    | 0.02%             | 2028-10-02      | Floating      | 7.66%                 | No            |                  2 | On Loan: No      |
| GrafTech Finance Inc                                 | GrafTech Finance Inc 2024 Term Loan                                              | CUSIP: 000000000<br>LEI: 1Z010BU876CF2HDBIN43 | Long             | LON              | CORP              | US        |    144898 | PA      | $147143.71    | 0.01%             | 2029-12-21      | Floating      | 10.16%                | No            |                  2 | On Loan: No      |
| VERITAS SERIES G 1 PREFERRED                         | VERITAS SERIES G 1 PREFERRED                                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | US        |       214 | NS      | $4875.55      | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| CREATIVE ARTISTS AGENCY LLC                          | Creative Artists Agency LLC 2025 Repriced Term Loan B                            | CUSIP: 22526WAU2<br>LEI: 5493008FV5TCFL3KHH96 | Long             | LON              | CORP              | US        |    465685 | PA      | $466169.44    | 0.04%             | 2031-10-01      | Floating      | 6.66%                 | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                  | RRP CLOUD SOFTW                                                                  | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |  -1706250 | PA      | $-1706250.00  | -0.16%            |  |  |  | No            |                  2 | On Loan: No      |
| TransDigm Inc                                        | TransDigm Inc 2025 Term Loan M                                                   | CUSIP: 89364MCE2<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | LON              | CORP              | US        |    417000 | PA      | $416466.24    | 0.04%             | 2032-08-19      | Floating      | 6.66%                 | No            |                  2 | On Loan: No      |
| KRAFT HEINZ FOODS CO                                 | Kraft Heinz Foods Co                                                             | CUSIP: 50077LBF2<br>LEI: 5493003STKEZ2S0RNU91 | Long             | DBT              | CORP              | US        |     68000 | PA      | $66965.04     | 0.01%             | 2031-03-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                        | Citigroup Inc                                                                    | CUSIP: 172967PJ4<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   6750000 | PA      | $6967019.25   | 0.65%             | 2029-05-15      | Fixed         | 7.20%                 | No            |                  2 | On Loan: No      |
| K HOVNANIAN ENTERPRISES                              | K Hovnanian Enterprises Inc                                                      | CUSIP: 48251UAQ1<br>LEI: 549300JJCQ0KAI7CJG32 | Long             | DBT              | CORP              | US        |    418000 | PA      | $428555.30    | 0.04%             | 2033-10-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| GLOBE TELECOM INC                                    | Globe Telecom Inc                                                                | CUSIP: 000000000<br>LEI: 254900GPWI1816YIM923 | Long             | DBT              | CORP              | PH        |    700000 | PA      | $694400.00    | 0.06%             | 2026-08-02      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                                     | CSC Holdings LLC                                                                 | CUSIP: 126307BN6<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    834000 | PA      | $701347.38    | 0.07%             | 2029-01-31      | Fixed         | 11.75%                | No            |                  2 | On Loan: No      |
| Nomad Foods US LLC                                   | Nomad Foods US LLC 2023 Term Loan B5                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     73507 | PA      | $73535.06     | 0.01%             | 2029-11-12      | Floating      | 6.54%                 | No            |                  2 | On Loan: No      |
| X Corp.                                              | X Corp Term Loan                                                                 | CUSIP: 90184NAG3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    393069 | PA      | $385262.47    | 0.04%             | 2029-10-26      | Floating      | 10.96%                | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LTD                                   | Macquarie Bank Ltd                                                               | CUSIP: 556079AF8<br>LEI: 4ZHCHI4KYZG2WVRT8631 | Long             | DBT              | CORP              | AU        |   5110000 | PA      | $5596251.15   | 0.52%             | 2033-01-18      | Fixed         | 6.80%                 | No            |                  2 | On Loan: No      |
| Octagon Investment Partners XVII LTD                 | Octagon Investment Partners XVII Ltd                                             | CUSIP: 67590GBN8<br>LEI: 54930007Y57X4ONHQV20 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1001920.60   | 0.09%             | 2031-01-25      | Floating      | 6.28%                 | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                  | RRP SNAP INC 6.                                                                  | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |   -388568 | PA      | $-388567.50   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| Oak Hill Credit                                      | OHA Credit Partners XVI                                                          | CUSIP: 67115LAJ3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    750000 | PA      | $752870.70    | 0.07%             | 2037-10-18      | Floating      | 5.68%                 | No            |                  2 | On Loan: No      |
| SABINE PASS LIQUEFACTION                             | Sabine Pass Liquefaction LLC                                                     | CUSIP: 785592AV8<br>LEI: 549300KJYBG7C6WJYZ11 | Long             | DBT              | CORP              | US        |    493000 | PA      | $494620.73    | 0.05%             | 2026-06-30      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| ABQ FINANCE                                          | ABQ Finance Ltd                                                                  | CUSIP: 000000000<br>LEI: 549300EKNBMBS9DNYE37 | Long             | DBT              | CORP              | KY        |    250000 | PA      | $255312.50    | 0.02%             | 2030-03-25      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| FIESTA PURCHASER INC                                 | Fiesta Purchaser Inc                                                             | CUSIP: 31659AAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    119000 | PA      | $128471.45    | 0.01%             | 2032-09-15      | Fixed         | 9.63%                 | No            |                  2 | On Loan: No      |
| ADVANCED DRAINAGE SYSTEM                             | Advanced Drainage Systems Inc                                                    | CUSIP: 00790RAB0<br>LEI: 6QQTOZ5MF5DHM7K92I60 | Long             | DBT              | CORP              | US        |    724000 | PA      | $736822.76    | 0.07%             | 2030-06-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS SA                                       | RRP LCM INVESTM                                                                  | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | Short            | RA               | CORP              | US        |   -438615 | PA      | $-438615.00   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| CRESCENT ENERGY FINANCE                              | Crescent Energy Finance LLC                                                      | CUSIP: 45344LAG8<br>LEI: 54930061FUL6DBLFUW14 | Long             | DBT              | CORP              | US        |    492000 | PA      | $498493.17    | 0.05%             | 2034-01-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| BARCLAYS CAPITAL INC                                 | RRP GOLUB CAPIT                                                                  | CUSIP: 000000000<br>LEI: AC28XWWI3WIBK2824319 | Short            | RA               | CORP              | US        |  -5730000 | PA      | $-5730000.00  | -0.54%            |  |  |  | No            |                  2 | On Loan: No      |
| STAR ENERGY CO ISSUE                                 | Star Energy Geothermal Darajat II / Star Energy Geothermal Salak                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    200000 | PA      | $190750.00    | 0.02%             | 2038-10-14      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| BIG RIVER STEEL/BRS FIN                              | Big River Steel LLC / BRS Finance Corp                                           | CUSIP: 08949LAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2424000 | PA      | $2424947.78   | 0.23%             | 2029-01-31      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| JAGUAR LAND ROVER AUTOMO                             | Jaguar Land Rover Automotive PLC                                                 | CUSIP: 000000000<br>LEI: 529900L73GEWN1O5NH84 | Long             | DBT              | CORP              | GB        |    500000 | PA      | $493208.50    | 0.05%             | 2027-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| NXP BV/NXP FDG/NXP USA                               | NXP BV / NXP Funding LLC / NXP USA Inc                                           | CUSIP: 62954HAY4<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |   1755000 | PA      | $1684800.00   | 0.16%             | 2030-05-01      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| CHAMPION PATH HOLDINGS                               | Champion Path Holdings Ltd                                                       | CUSIP: 000000000<br>LEI: 549300QWJFPV5413KI88 | Long             | DBT              | CORP              | VG        |    500000 | PA      | $497290.00    | 0.05%             | 2026-01-27      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| POST HOLDINGS INC                                    | Post Holdings Inc                                                                | CUSIP: 737446AV6<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |    490000 | PA      | $494561.41    | 0.05%             | 2033-03-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| DISH DBS CORP                                        | DISH DBS Corp                                                                    | CUSIP: 25470XBF1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    907000 | PA      | $869486.48    | 0.08%             | 2028-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| GROUP 1 AUTOMOTIVE INC                               | Group 1 Automotive Inc                                                           | CUSIP: 398905AQ2<br>LEI: 549300US8QAZJLWYAF63 | Long             | DBT              | CORP              | US        |     90000 | PA      | $92073.06     | 0.01%             | 2030-01-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| REGAL REXNORD CORP                                   | Regal Rexnord Corp                                                               | CUSIP: 758750AP8<br>LEI: QH78R09VCJGQKPBPYU33 | Long             | DBT              | CORP              | US        |    510000 | PA      | $547508.61    | 0.05%             | 2033-04-15      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| NOMURA SECURITIES INTERNATIONAL INC                  | RRP REGAL REXNO                                                                  | CUSIP: 000000000<br>LEI: OXTKY6Q8X53C9ILVV871 | Short            | RA               | CORP              | US        |   -519562 | PA      | $-519562.50   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| BNP PARIBAS SA                                       | RRP WALMART INC                                                                  | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | Short            | RA               | CORP              | US        |  -4070250 | PA      | $-4070250.00  | -0.38%            |  |  |  | No            |                  2 | On Loan: No      |
| CHINALCO CAPITAL HOLDING                             | Chinalco Capital Holdings Ltd                                                    | CUSIP: 000000000<br>LEI: 5493003PX4GYVUD3CQ19 | Long             | DBT              | CORP              | VG        |    200000 | PA      | $196972.00    | 0.02%             | 2026-06-03      | Fixed         | 2.13%                 | No            |                  2 | On Loan: No      |
| Medical Solutions Holdings Inc                       | Medical Solutions Holdings Inc 2021 1st Lien Term Loan                           | CUSIP: 58462QAH4<br>LEI: 549300JH2XHZ7TIKYR39 | Long             | LON              | CORP              | US        |     99741 | PA      | $34197.31     | 0.00%             | 2028-11-01      | Floating      | 7.91%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS SA                                       | RRP HERC HOLDIN                                                                  | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | Short            | RA               | CORP              | US        |   -185319 | PA      | $-185318.75   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Rad CLO Ltd                                          | Rad Clo 25 Ltd                                                                   | CUSIP: 75009GAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | BM        |   1500000 | PA      | $1506875.55   | 0.14%             | 2037-07-20      | Floating      | 5.79%                 | No            |                  2 | On Loan: No      |
| Ballyrock Ltd                                        | Ballyrock CLO 22 Ltd                                                             | CUSIP: 05877GAE3<br>LEI: 254900XC0FEB91ZCO167 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1004709.70   | 0.09%             | 2037-04-15      | Floating      | 6.27%                 | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                                | Tenet Healthcare Corp                                                            | CUSIP: 88033GDU1<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |   3342000 | PA      | $3459901.65   | 0.32%             | 2031-05-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Citadel Securities LP                                | Citadel Securities LP 2024 First Lien Term Loan                                  | CUSIP: 17288YAN2<br>LEI: 549300NV5RXBUS3X7L47 | Long             | LON              | CORP              | US        |    188583 | PA      | $188890.81    | 0.02%             | 2031-10-31      | Floating      | 6.16%                 | No            |                  2 | On Loan: No      |
| LAS VEGAS SANDS CORP                                 | Las Vegas Sands Corp                                                             | CUSIP: 517834AE7<br>LEI: 549300DUOO1KXOHPM605 | Long             | DBT              | CORP              | US        |     96000 | PA      | $95202.47     | 0.01%             | 2026-08-18      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| ATI INC                                              | ATI Inc                                                                          | CUSIP: 01741RAM4<br>LEI: ZW1LRE7C3H17O2ZN9B45 | Long             | DBT              | CORP              | US        |    656000 | PA      | $645585.48    | 0.06%             | 2031-10-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| SIRVA BGRS HOLDINGS INC                              | SIRVA BGRS HOLDINGS INC                                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        99 | NS      | $82.14        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| OCCIDENTAL PETROLEUM COR                             | Occidental Petroleum Corp                                                        | CUSIP: 674599DJ1<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |    568000 | PA      | $577293.05    | 0.05%             | 2040-03-15      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| MEDLINE BORROWER LP                                  | Medline Borrower LP                                                              | CUSIP: 62482BAA0<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |    362000 | PA      | $349128.72    | 0.03%             | 2029-04-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| ALPHA GENERATION LLC                                 | Alpha Generation LLC                                                             | CUSIP: 02073LAA9<br>LEI: 254900K5V62L4YGVKF49 | Long             | DBT              | CORP              | US        |    336000 | PA      | $346849.59    | 0.03%             | 2032-10-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| SOMNIGROUP INTL INC                                  | Somnigroup International Inc                                                     | CUSIP: 88023UAJ0<br>LEI: 549300HFEKVR3US71V91 | Long             | DBT              | CORP              | US        |      9000 | PA      | $8242.85      | 0.00%             | 2031-10-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| GOODYEAR TIRE & RUBBER                               | Goodyear Tire & Rubber Co/The                                                    | CUSIP: 382550BJ9<br>LEI: 5493002BI0S2ZQUY3437 | Long             | DBT              | CORP              | US        |     18000 | PA      | $17010.00     | 0.00%             | 2031-04-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Corpay Technologies Operating Company LLC            | Corpay Technologies Operating Company LLC Term Loan B5                           | CUSIP: 33903RAZ2<br>LEI: 549300FKKKZCXLK48427 | Long             | LON              | CORP              | US        |    414562 | PA      | $413786.33    | 0.04%             | 2028-04-28      | Floating      | 5.91%                 | No            |                  2 | On Loan: No      |
| Generate CLO Ltd.                                    | Generate CLO 7 Ltd                                                               | CUSIP: 37149LAQ0<br>LEI: 25490036G9JNQQPHIX69 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1004290.10   | 0.09%             | 2037-04-22      | Floating      | 6.53%                 | No            |                  2 | On Loan: No      |
| X.AI Corp                                            | XAI Corp Term Loan                                                               | CUSIP: 98402XAC9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    132680 | PA      | $128202.05    | 0.01%             | 2030-06-28      | Floating      | 11.12%                | No            |                  2 | On Loan: No      |
| BARCLAYS CAPITAL INC                                 | RRP EQT CORP 6.                                                                  | CUSIP: 000000000<br>LEI: AC28XWWI3WIBK2824319 | Short            | RA               | CORP              | US        |   -482804 | PA      | $-482803.75   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| BELRON UK FINANCE PLC                                | Belron UK Finance PLC                                                            | CUSIP: 080782AA3<br>LEI: 9845006BC9D1A77B8178 | Long             | DBT              | CORP              | GB        |   1030000 | PA      | $1043425.02   | 0.10%             | 2029-10-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                                       | NRG Energy Inc                                                                   | CUSIP: 629377DD1<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |   2075000 | PA      | $2075298.03   | 0.19%             | 2036-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Elanco Animal Health Incorporated                    | Elanco Animal Health Inc Term Loan B                                             | CUSIP: 28414BAF3<br>LEI: 549300SHPNDCE059M934 | Long             | LON              | CORP              | US        |    175659 | PA      | $175425.22    | 0.02%             | 2027-08-01      | Floating      | 6.13%                 | No            |                  2 | On Loan: No      |
| CHURCHILL DOWNS INC                                  | Churchill Downs Inc                                                              | CUSIP: 12511VAA6<br>LEI: 529900FODTBQC8MIS994 | Long             | DBT              | CORP              | US        |   1506000 | PA      | $1504642.19   | 0.14%             | 2030-04-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| NuStar Logistics LP                                  | NuStar Logistics LP                                                              | CUSIP: 67059TAF2<br>LEI: N62BF2PKP51FIIOIUN20 | Long             | DBT              | CORP              | US        |    163000 | PA      | $163592.34    | 0.02%             | 2026-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Reynolds American Inc                                | Reynolds American Inc                                                            | CUSIP: 761713BB1<br>LEI: 02S2RPPVO9RP4NEU2740 | Long             | DBT              | CORP              | US        |   2335000 | PA      | $2313920.25   | 0.22%             | 2045-08-15      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| Kraft Heinz Foods Co                                 | Kraft Heinz Foods Co                                                             | CUSIP: 50077LAB2<br>LEI: 5493003STKEZ2S0RNU91 | Long             | DBT              | CORP              | US        |    158000 | PA      | $131485.67    | 0.01%             | 2046-06-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Aretec Group Inc                                     | Aretec Group Inc 2024 1st Lien Term Loan B                                       | CUSIP: 04009DAH7<br>LEI: 549300NV2T8A33L0PQ58 | Long             | LON              | CORP              | US        |     81594 | PA      | $81581.29     | 0.01%             | 2030-08-09      | Floating      | 7.66%                 | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                  | RRP ABBVIE INC                                                                   | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |  -2888812 | PA      | $-2888812.50  | -0.27%            |  |  |  | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                | RRP TRUIST FINA                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |  -8995788 | PA      | $-8995787.50  | -0.84%            |  |  |  | No            |                  2 | On Loan: No      |
| X Corp.                                              | X Corp 2025 Fixed Term Loan                                                      | CUSIP: 90184NAK4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     23000 | PA      | $23054.28     | 0.00%             | 2029-10-26      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| NAKED JUICE LLC                                      | Naked Juice LLC 2025 FLTO Term Loan                                              | CUSIP: 62984CAN3<br>LEI: 549300Y5TU1XQ1KVLJ64 | Long             | LON              | CORP              | US        |     83973 | PA      | $34149.46     | 0.00%             | 2030-01-24      | Floating      | 10.10%                | No            |                  2 | On Loan: No      |
| GARDA WORLD SECURITY                                 | Garda World Security Corp                                                        | CUSIP: 36485MAM1<br>LEI: 549300ZF1NDXLMCHNO20 | Long             | DBT              | CORP              | CA        |    606000 | PA      | $621213.02    | 0.06%             | 2028-02-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| HCA Inc                                              | HCA Inc                                                                          | CUSIP: 404121AH8<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    359000 | PA      | $360545.05    | 0.03%             | 2026-09-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                                  | Petroleos Mexicanos                                                              | CUSIP: 71643VAB1<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |    695000 | PA      | $688918.75    | 0.06%             | 2032-02-16      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| Learning Care Group (US) No 2 Inc                    | Learning Care Group (US) No 2 Inc 2024 Term Loan B                               | CUSIP: 52200MAL4<br>LEI: 5493000VMN44LK8QID23 | Long             | LON              | CORP              | US        |     26462 | PA      | $25932.80     | 0.00%             | 2028-08-11      | Floating      | 8.32%                 | No            |                  3 | On Loan: No      |
| MIDCAP FINANCIAL                                     | Midcap Financial Issuer Trust                                                    | CUSIP: 59590AAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    600000 | PA      | $565746.00    | 0.05%             | 2030-01-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| NOMURA SECURITIES INTERNATIONAL INC                  | RRP EAGLE FUNDI                                                                  | CUSIP: 000000000<br>LEI: OXTKY6Q8X53C9ILVV871 | Short            | RA               | CORP              | US        | -10767276 | PA      | $-10767276.25 | -1.01%            |  |  |  | No            |                  2 | On Loan: No      |
| LABL Inc                                             | LABL Inc 2021 USD 1st Lien Term Loan                                             | CUSIP: 50168EAN2<br>LEI: 5493004FUZN8R6Y3VB98 | Long             | LON              | CORP              | US        |    232173 | PA      | $189801.20    | 0.02%             | 2028-10-30      | Floating      | 9.26%                 | No            |                  2 | On Loan: No      |
| ENTERPRISE PRODUCTS OPER                             | Enterprise Products Operating LLC                                                | CUSIP: 29379VBJ1<br>LEI: 5493004LGN656HWLDA30 | Long             | DBT              | CORP              | US        |   5375000 | PA      | $4934884.47   | 0.46%             | 2046-05-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| NGL ENRGY OP/FIN CORP                                | NGL Energy Operating LLC / NGL Energy Finance Corp                               | CUSIP: 62922LAD0<br>LEI: 5299005YSRP46BE8Z459 | Long             | DBT              | CORP              | US        |   1004000 | PA      | $1028744.58   | 0.10%             | 2032-02-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| AVANTOR FUNDING INC                                  | Avantor Funding Inc                                                              | CUSIP: 05352TAB5<br>LEI: 5493003VM0XB4U8YD238 | Long             | DBT              | CORP              | US        |    395000 | PA      | $375631.21    | 0.04%             | 2029-11-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| CVS Health Corp                                      | CVS Health Corp                                                                  | CUSIP: 126650CN8<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |   3879000 | PA      | $3521218.84   | 0.33%             | 2045-07-20      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| ZAYO GROUP HOLDINGS INC                              | ZAYO GROUP HOLDINGS INC 2025 USD TERM LOAN                                       | CUSIP: 98919XAH4<br>LEI: 529900Z6OTS7RT0V0I47 | Long             | LON              | CORP              | US        |     20000 | PA      | $19383.40     | 0.00%             | 2030-03-11      | Floating      | 7.61%                 | No            |                  2 | On Loan: No      |
| NOMURA SECURITIES INTERNATIONAL INC                  | RRP KAISER ALUM                                                                  | CUSIP: 000000000<br>LEI: OXTKY6Q8X53C9ILVV871 | Short            | RA               | CORP              | US        |   -222075 | PA      | $-222075.00   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| SEKISUI HOUSE CO                                     | Sekisui House Ltd                                                                | CUSIP: 000000000<br>LEI: 529900GMNDOYQSAJAE76 | Long             | DBT              | CORP              | JP        |    200000 | PA      | $202069.40    | 0.02%             | 2034-10-23      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| OLYMPUS WTR US HLDG CORP                             | Olympus Water US Holding Corp                                                    | CUSIP: 681639AD2<br>LEI: 549300YU2GGVCBN3MY89 | Long             | DBT              | CORP              | US        |   1170000 | PA      | $1186116.75   | 0.11%             | 2031-06-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| NOMURA SECURITIES INTERNATIONAL INC                  | RRP NVIDIA CORP                                                                  | CUSIP: 000000000<br>LEI: OXTKY6Q8X53C9ILVV871 | Short            | RA               | CORP              | US        |  -1254000 | PA      | $-1254000.00  | -0.12%            |  |  |  | No            |                  2 | On Loan: No      |
| GENERAC POWER SYSTEMS INC                            | Generac Power Systems Inc 2024 Term Loan B                                       | CUSIP: 36874VAQ1<br>LEI: 549300JQWLGGW8KC1X38 | Long             | LON              | CORP              | US        |     39600 | PA      | $39748.50     | 0.00%             | 2031-07-03      | Floating      | 6.03%                 | No            |                  2 | On Loan: No      |
| IQVIA Inc                                            | IQVIA Inc                                                                        | CUSIP: 46266TAA6<br>LEI: 549300PLWY28YB00C717 | Long             | DBT              | CORP              | US        |    200000 | PA      | $199443.20    | 0.02%             | 2027-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PHILIPPINE NATIONAL BANK                             | Philippine National Bank                                                         | CUSIP: 000000000<br>LEI: 549300AFS0UU6SDK2K95 | Long             | DBT              | CORP              | PH        |    200000 | PA      | $202750.00    | 0.02%             | 2029-10-23      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| NANSHAN LIFE PTE LTD                                 | Nanshan Life Pte Ltd                                                             | CUSIP: 000000000<br>LEI: 2138006QCWSN6N7E1140 | Long             | DBT              | CORP              | SG        |    200000 | PA      | $198320.00    | 0.02%             | 2034-09-11      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Madison Park Funding Ltd                             | Madison Park Funding LXXI Ltd                                                    | CUSIP: 55817DAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2500000 | PA      | $2501957.75   | 0.23%             | 2038-04-23      | Floating      | 5.41%                 | No            |                  2 | On Loan: No      |
| FAIR ISAAC CORP                                      | Fair Isaac Corp                                                                  | CUSIP: 303250AF1<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | DBT              | CORP              | US        |    393000 | PA      | $382209.70    | 0.04%             | 2028-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FOCUS FINANCIAL PARTNERS                             | Focus Financial Partners LLC                                                     | CUSIP: 34417VAA5<br>LEI: 5493007L0E0VKRC2CP39 | Long             | DBT              | CORP              | US        |    336000 | PA      | $344103.65    | 0.03%             | 2031-09-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CLOUD SOFTWARE GRP INC                               | Cloud Software Group Inc                                                         | CUSIP: 18912UAC6<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |   2586000 | PA      | $2743108.24   | 0.26%             | 2032-06-30      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| DIRECTV FIN LLC/COINC                                | Directv Financing LLC / Directv Financing Co-Obligor Inc                         | CUSIP: 25461LAD4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1042000 | PA      | $1040470.34   | 0.10%             | 2031-02-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| IRON MOUNTAIN INC                                    | Iron Mountain Inc                                                                | CUSIP: 46284VAL5<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              |  | US        |    493000 | PA      | $490368.42    | 0.05%             | 2032-07-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                        | Citigroup Inc                                                                    | CUSIP: 172967PR6<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   3200000 | PA      | $3248851.52   | 0.30%             | 2030-02-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| MCAFEE CORP                                          | McAfee Corp                                                                      | CUSIP: 579063AB4<br>LEI: 2549009UKR8UEZYVCR93 | Long             | DBT              | CORP              | US        |    421000 | PA      | $390515.98    | 0.04%             | 2030-02-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| SCOTTS MIRACLE-GRO CO                                | Scotts Miracle-Gro Co/The                                                        | CUSIP: 810186AX4<br>LEI: 2TH9E0JTOUXOEGI2R879 | Long             | DBT              | CORP              | US        |    250000 | PA      | $230710.05    | 0.02%             | 2031-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CAESARS ENTERTAIN INC                                | Caesars Entertainment Inc                                                        | CUSIP: 12769GAA8<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |    110000 | PA      | $105185.88    | 0.01%             | 2029-10-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                | RRP UNITED AIRL                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |  -1606410 | PA      | $-1606410.16  | -0.15%            |  |  |  | No            |                  2 | On Loan: No      |
| Setanta Aircraft Leasing Designated Activity Company | Setanta Aircraft Leasing Designated Activity Company 2024 Term Loan B            | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | IE        |     52500 | PA      | $52740.45     | 0.00%             | 2028-11-05      | Floating      | 5.75%                 | No            |                  2 | On Loan: No      |
| NWD FINANCE (BVI) LTD                                | NWD Finance BVI Ltd                                                              | CUSIP: 000000000<br>LEI: 25490076V8K09HMNCT88 | Long             | DBT              | CORP              | VG        |    209000 | PA      | $77695.75     | 0.01%             | 2028-03-10      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| AI AQUA MERGER SUB INC                               | AI Aqua Merger Sub Inc 2024 1st Lien Term Loan B                                 | CUSIP: 00132UAP9<br>LEI: 5493005QMH1D47U26R45 | Long             | LON              | CORP              | US        |    316094 | PA      | $316659.99    | 0.03%             | 2028-07-31      | Floating      | 7.28%                 | No            |                  2 | On Loan: No      |
| WR GRACE HOLDING LLC                                 | WR Grace Holdings LLC                                                            | CUSIP: 92943GAE1<br>LEI: 549300WNOVFRGYOAEB12 | Long             | DBT              | CORP              | US        |    297000 | PA      | $302883.27    | 0.03%             | 2031-03-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| KAISER ALUMINUM CORP                                 | Kaiser Aluminum Corp                                                             | CUSIP: 483007AL4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1099000 | PA      | $1035840.91   | 0.10%             | 2031-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| DOMINION ENERGY INC                                  | Dominion Energy Inc                                                              | CUSIP: 25746UDU0<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |   1810000 | PA      | $1962559.47   | 0.18%             | 2054-06-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| ITT HOLDINGS LLC                                     | ITT Holdings LLC                                                                 | CUSIP: 45074JAA2<br>LEI: 549300TH2PHOLK31LB42 | Long             | DBT              | CORP              | US        |    995000 | PA      | $978218.93    | 0.09%             | 2029-08-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Cotiviti Corporation                                 | Cotiviti Corporation 2024 Fixed Term Loan B                                      | CUSIP: 22164MAD9<br>LEI: 254900YAQHVRTG4IFI64 | Long             | LON              | CORP              | US        |    145000 | PA      | $145407.45    | 0.01%             | 2031-05-01      | Fixed         | 7.63%                 | No            |                  2 | On Loan: No      |
| CHEMOURS CO                                          | Chemours Co/The                                                                  | CUSIP: 163851AJ7<br>LEI: 549300M1BOLNXL8DOV14 | Long             | DBT              | CORP              | US        |    222000 | PA      | $220815.50    | 0.02%             | 2033-01-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| REWORLD HOLDING CORP                                 | Reworld Holding Corp Term Loan B                                                 | CUSIP: 22282GAM9<br>LEI: 40XIFLS8XDQGGHGPGC04 | Long             | LON              | CORP              | US        |     81023 | PA      | $81022.75     | 0.01%             | 2028-11-30      | Floating      | 6.39%                 | No            |                  2 | On Loan: No      |
| Barracuda Networks Inc                               | Barracuda Networks Inc 2022 Term Loan                                            | CUSIP: 06832FAB3<br>LEI: 549300CXGRZWNMPU8080 | Long             | LON              | CORP              | US        |    165671 | PA      | $138315.26    | 0.01%             | 2029-08-15      | Floating      | 8.81%                 | No            |                  2 | On Loan: No      |
| Vistra Operations Company LLC                        | Vistra Operations Company LLC 1st Lien Term Loan B3                              | CUSIP: 88233FAK6<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | LON              | CORP              | US        |    172121 | PA      | $172257.20    | 0.02%             | 2030-12-20      | Floating      | 5.91%                 | No            |                  2 | On Loan: No      |
| Tenneco Inc                                          | Tenneco Inc 2022 Term Loan B                                                     | CUSIP: 88037HAP9<br>LEI: 549300U0EXXFAQFAD785 | Long             | LON              | CORP              | US        |    201000 | PA      | $196415.19    | 0.02%             | 2028-11-17      | Floating      | 9.30%                 | No            |                  2 | On Loan: No      |
| OCP CLO Ltd                                          | OCP CLO 2015-10 Ltd                                                              | CUSIP: 67092DBD0<br>LEI: 254900FZYL5HDKV64882 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1003771.30   | 0.09%             | 2038-01-26      | Floating      | 5.62%                 | No            |                  2 | On Loan: No      |
| SPRINGS WINDOWS FASHIONS LLC                         | Springs Windows Fashions LLC 2024 FLFO A1 Term Loan                              | CUSIP: 78489HAG3<br>LEI: 5493000CMZKPQ7BKPB20 | Long             | LON              | CORP              | US        |     30574 | PA      | $30612.02     | 0.00%             | 2029-12-19      | Floating      | 8.66%                 | No            |                  2 | On Loan: No      |
| ASCENT RESOURCES/ARU FIN                             | Ascent Resources Utica Holdings LLC / ARU Finance Corp                           | CUSIP: 04364VAK9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    161000 | PA      | $194512.15    | 0.02%             | 2027-11-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| QXO BUILDING PRODUCTS                                | QXO Building Products Inc                                                        | CUSIP: 74825NAA5<br>LEI: 549300HDXQWWCBOYXP31 | Long             | DBT              | CORP              | US        |   1156000 | PA      | $1196918.00   | 0.11%             | 2032-04-30      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| DIRECTV FIN LLC/COINC                                | Directv Financing LLC / Directv Financing Co-Obligor Inc                         | CUSIP: 25461LAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    533000 | PA      | $532401.97    | 0.05%             | 2027-08-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| NETFLIX INC                                          | Netflix Inc                                                                      | CUSIP: 64110LAV8<br>LEI: 549300Y7VHGU0I7CE873 | Long             | DBT              | CORP              | US        |    461000 | PA      | $473836.99    | 0.04%             | 2030-06-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| RAKUTEN GROUP INC                                    | Rakuten Group Inc                                                                | CUSIP: 75102WAK4<br>LEI: 529900IMXUCQKUL1H943 | Long             | DBT              | CORP              | JP        |    522000 | PA      | $586970.63    | 0.05%             | 2029-04-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                               | US LONG BOND(CBT) DEC25                                                          | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |      -856 | NC      | $-2491495.24  | -0.23%            |  |  |  | No            |                  1 | On Loan: No      |
| PREGIS TOPCO CORPORATION                             | Pregis TopCo Corporation 2025 Refinancing Term Loan                              | CUSIP: 74045BAG2<br>LEI: 549300LJXHJYHS1GM034 | Long             | LON              | CORP              | US        |    122405 | PA      | $123170.23    | 0.01%             | 2029-02-01      | Floating      | 8.16%                 | No            |                  2 | On Loan: No      |
| TSMC GLOBAL LTD                                      | TSMC Global Ltd                                                                  | CUSIP: 000000000<br>LEI: 549300N2ZLI21P85T117 | Long             | DBT              | CORP              | VG        |    250000 | PA      | $225798.75    | 0.02%             | 2031-04-23      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| LIGHT & WONDER INTL INC                              | Light & Wonder International Inc                                                 | CUSIP: 531968AB1<br>LEI: RLTHESQ0RNFQJWPBJN60 | Long             | DBT              | CORP              | US        |    314000 | PA      | $314533.80    | 0.03%             | 2033-10-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| RENEW POWER PVT LTD                                  | ReNew Pvt Ltd                                                                    | CUSIP: 000000000<br>LEI: 335800BITJZHVZ1CN475 | Long             | DBT              | CORP              | IN        |    200000 | PA      | $199722.00    | 0.02%             | 2027-03-05      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| TRANSOCEAN INC                                       | Transocean International Ltd                                                     | CUSIP: 893830BY4<br>LEI: DOL4HJ22ADYSIWES4H94 | Long             | DBT              | CORP              | BM        |    181000 | PA      | $178441.79    | 0.02%             | 2029-05-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| HUB INTERNATIONAL LIMITED                            | HUB International Limited 2025 Term Loan B                                       | CUSIP: 44332EAZ9<br>LEI: 549300JQT6ATTUNS5E06 | Long             | LON              | CORP              | US        |    547082 | PA      | $547749.63    | 0.05%             | 2030-06-20      | Floating      | 6.58%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                        | TRANSDIGM INC 2025 TERM LOAN K                                                   | CUSIP: 89364MCF9<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | LON              | CORP              | US        |     40479 | PA      | $40430.90     | 0.00%             | 2030-03-22      | Floating      | 6.25%                 | No            |                  2 | On Loan: No      |
| WHARF REIC FINANCE BVI                               | Wharf REIC Finance BVI Ltd                                                       | CUSIP: 000000000<br>LEI: 254900N6PHCMYYNUWV59 | Long             | DBT              | CORP              | VG        |    200000 | PA      | $185958.14    | 0.02%             | 2030-05-07      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| Asurion LLC                                          | Asurion LLC 2021 Second Lien Term Loan B4                                        | CUSIP: 04649VBA7<br>LEI: 549300KNQVXGIOXWK278 | Long             | LON              | CORP              | US        |     44000 | PA      | $42026.16     | 0.00%             | 2029-01-20      | Floating      | 9.53%                 | No            |                  2 | On Loan: No      |
| NATIONSTAR MTG HLD INC                               | Nationstar Mortgage Holdings Inc                                                 | CUSIP: 63861CAE9<br>LEI: 549300DQF6YN0E43PM71 | Long             | DBT              | CORP              | US        |    436000 | PA      | $440579.31    | 0.04%             | 2031-11-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| STATION CASINOS LLC                                  | Station Casinos LLC                                                              | CUSIP: 857691AJ8<br>LEI: 5493004E7Q60TX54WL62 | Long             | DBT              | CORP              | US        |    204000 | PA      | $209557.78    | 0.02%             | 2032-03-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| QUALCOMM Inc                                         | QUALCOMM Inc                                                                     | CUSIP: 747525AV5<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | DBT              | CORP              | US        |   3500000 | PA      | $2998456.16   | 0.28%             | 2047-05-20      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| DELEK LOG PART/FINANCE                               | Delek Logistics Partners LP / Delek Logistics Finance Corp                       | CUSIP: 24665FAE2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    378000 | PA      | $384386.73    | 0.04%             | 2033-06-30      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                        | TransDigm Inc                                                                    | CUSIP: 893647BV8<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |   1240000 | PA      | $1276635.80   | 0.12%             | 2032-03-01      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| NEWELL BRANDS INC                                    | Newell Brands Inc                                                                | CUSIP: 651229BG0<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |    260000 | PA      | $275011.36    | 0.03%             | 2028-06-01      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| TRAVELPORT                                           | TRAVELPORT                                                                       | CUSIP: 000000000<br>LEI: IO4AG7EXK7ETMHT8ZR57 | Long             | EC               | CORP              | US        |        25 | NS      | $75455.75     | 0.01%             |  |  |  | No            |                  3 | On Loan: No      |
| Mitchell International, Inc.                         | Mitchell International Inc 2024 1st Lien Term Loan                               | CUSIP: 60662WAW2<br>LEI: 5493002RDNIGEM7SSV41 | Long             | LON              | CORP              | US        |    321824 | PA      | $321344.91    | 0.03%             | 2031-06-17      | Floating      | 7.41%                 | No            |                  2 | On Loan: No      |
| EMPIRE COMMUNITIES CORP                              | Empire Communities Corp                                                          | CUSIP: 29163VAG8<br>LEI: 549300JM1L6KK2QFP273 | Long             | DBT              | CORP              | CA        |     73000 | PA      | $76541.96     | 0.01%             | 2029-05-01      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| CONSTELLIUM SE                                       | Constellium SE                                                                   | CUSIP: 21039CAD6<br>LEI: 724500KRJEMC79KAAU28 | Long             | DBT              | CORP              | FR        |    446000 | PA      | $455900.75    | 0.04%             | 2032-08-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                | RRP BOOKING HOL                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |  -3180938 | PA      | $-3180937.50  | -0.30%            |  |  |  | No            |                  2 | On Loan: No      |
| MEDLINE BORROWER LP                                  | Medline Borrower LP 2025 Term Loan B                                             | CUSIP: 58503UAH6<br>LEI: 254900QT3R363TVK6F09 | Long             | LON              | CORP              | US        |   1043607 | PA      | $1043544.79   | 0.10%             | 2028-10-23      | Floating      | 6.16%                 | No            |                  2 | On Loan: No      |
| BEACH ACQUISITION BIDCO LLC                          | BEACH ACQUISITION BIDCO LLC USD TERM LOAN B                                      | CUSIP: 07337FAB1<br>LEI: 254900F2FNX3GBTB6202 | Long             | LON              | CORP              | US        |     46000 | PA      | $46191.82     | 0.00%             | 2032-09-12      | Floating      | 7.31%                 | No            |                  2 | On Loan: No      |
| KUEHG CORP                                           | KUEHG Corp 2025 Term Loan                                                        | CUSIP: 50118YAH2<br>LEI: 549300YNT566T1NYJX62 | Long             | LON              | CORP              | US        |     62573 | PA      | $62507.85     | 0.01%             | 2030-06-12      | Floating      | 6.75%                 | No            |                  2 | On Loan: No      |
| CN PING AN INSUR OVERSEA                             | China Ping An Insurance Overseas Holdings Ltd                                    | CUSIP: 000000000<br>LEI: 25490058XRCE9DZAMJ79 | Long             | DBT              | CORP              | HK        |    200000 | PA      | $215786.00    | 0.02%             | 2034-05-16      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| CRESCENT ENERGY FINANCE                              | Crescent Energy Finance LLC                                                      | CUSIP: 45344LAD5<br>LEI: 54930061FUL6DBLFUW14 | Long             | DBT              | CORP              | US        |    383000 | PA      | $380354.70    | 0.04%             | 2032-04-01      | Fixed         | 7.63%                 | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                  | RRP CVS HEALTH                                                                   | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |  -7117838 | PA      | $-7117837.50  | -0.67%            |  |  |  | No            |                  2 | On Loan: No      |
| MAYA SAS/FRANCE                                      | Maya SAS/Paris France                                                            | CUSIP: 449691AF1<br>LEI: 9695009PXA7OI9NXN582 | Long             | DBT              | CORP              | FR        |    925000 | PA      | $992056.03    | 0.09%             | 2031-04-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Zayo Group Holdings Inc                              | Zayo Group Holdings Inc USD Term Loan                                            | CUSIP: 98919XAB7<br>LEI: 529900Z6OTS7RT0V0I47 | Long             | LON              | CORP              | US        |    497338 | PA      | $489570.01    | 0.05%             | 2027-03-09      | Floating      | 7.25%                 | No            |                  2 | On Loan: No      |
| WILLIAMS SCOTSMAN INC                                | Williams Scotsman Inc                                                            | CUSIP: 96949VAN3<br>LEI: 549300DAKDS8SCO1OT57 | Long             | DBT              | CORP              | US        |    409000 | PA      | $420969.39    | 0.04%             | 2030-04-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                  | RRP AVANTOR FUN                                                                  | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |  -1629556 | PA      | $-1629556.25  | -0.15%            |  |  |  | No            |                  2 | On Loan: No      |
| Zurn Holdings Inc                                    | Zurn Holdings Inc 2021 Term Loan B                                               | CUSIP: 76168JAS5<br>LEI: 549300XLZXRC2KJ6VK87 | Long             | LON              | CORP              | US        |     96558 | PA      | $97000.03     | 0.01%             | 2028-10-04      | Floating      | 6.28%                 | No            |                  2 | On Loan: No      |
| NEW ENTERPRISE STONE & L                             | New Enterprise Stone & Lime Co Inc                                               | CUSIP: 644274AG7<br>LEI: 549300O5DQ5Y61B8VF38 | Long             | DBT              | CORP              | US        |     93000 | PA      | $93206.39     | 0.01%             | 2028-07-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| Brazil Government International Bonds                | Brazil Government International Bonds                                            | CUSIP: 105756BW9<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |   6525000 | PA      | $5304825.00   | 0.50%             | 2045-01-27      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HOWDEN UK REFINANCE / US                             | Howden UK Refinance PLC / Howden UK Refinance 2 PLC / Howden US Refinance LLC    | CUSIP: 44287DAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |   1360000 | PA      | $1410997.28   | 0.13%             | 2032-02-15      | Fixed         | 8.13%                 | No            |                  2 | On Loan: No      |
| Restoration Hardware Inc                             | Restoration Hardware Inc Term Loan B                                             | CUSIP: 76133MAB7<br>LEI: 549300H9H1H3OC7C3H47 | Long             | LON              | CORP              | US        |     88811 | PA      | $86331.49     | 0.01%             | 2028-10-20      | Floating      | 6.78%                 | No            |                  2 | On Loan: No      |
| TOLL BROS FINANCE CORP                               | Toll Brothers Finance Corp                                                       | CUSIP: 88947EAT7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     35000 | PA      | $35103.33     | 0.00%             | 2028-02-15      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| CONTOURGLOBAL POWER HLDG                             | ContourGlobal Power Holdings SA                                                  | CUSIP: 21220LAB9<br>LEI: 549300O5AGIFK0PQ1516 | Long             | DBT              | CORP              | LU        |    600000 | PA      | $623244.00    | 0.06%             | 2030-02-28      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                | RRP COX COMMUNI                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |  -5750494 | PA      | $-5750493.75  | -0.54%            |  |  |  | No            |                  2 | On Loan: No      |
| MGM CHINA HOLDINGS LTD                               | MGM China Holdings Ltd                                                           | CUSIP: 000000000<br>LEI: 529900VZFN87OS7WJM66 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $199876.00    | 0.02%             | 2026-05-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| GOODYEAR TIRE & RUBBER                               | Goodyear Tire & Rubber Co/The                                                    | CUSIP: 382550BN0<br>LEI: 5493002BI0S2ZQUY3437 | Long             | DBT              | CORP              | US        |    207000 | PA      | $199894.60    | 0.02%             | 2029-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NISSAN MOTOR ACCEPTANCE                              | Nissan Motor Acceptance Co LLC                                                   | CUSIP: 65480CAE5<br>LEI: 7D6DIU2QXTUJRFNNJA49 | Long             | DBT              | CORP              | US        |   3265000 | PA      | $3307322.53   | 0.31%             | 2026-09-15      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| BAUSCH + LOMB CORP                                   | Bausch + Lomb Corp                                                               | CUSIP: 071705AA5<br>LEI: 549300NY6OZM39SO6475 | Long             | DBT              | CORP              | CA        |   1975000 | PA      | $2058320.31   | 0.19%             | 2028-10-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| FTAI AVIATION INVESTORS                              | FTAI Aviation Investors LLC                                                      | CUSIP: 34960PAF8<br>LEI: 529900E7PUVK6BC8PE80 | Long             | DBT              | CORP              | US        |   1515000 | PA      | $1584777.87   | 0.15%             | 2031-05-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| ALEXANDER FUND TRUST II                              | Alexander Funding Trust II                                                       | CUSIP: 014916AA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    520000 | PA      | $556019.18    | 0.05%             | 2028-07-31      | Fixed         | 7.47%                 | No            |                  2 | On Loan: No      |
| GREAT CAN GAMING/RAPTOR                              | Great Canadian Gaming Corp/Raptor LLC                                            | CUSIP: 389925AA6<br>LEI: 549300FU60SSFLTE0M84 | Long             | DBT              | CORP              | XX        |    512000 | PA      | $506284.13    | 0.05%             | 2029-11-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| COREWEAVE INC                                        | CoreWeave Inc                                                                    | CUSIP: 21873SAB4<br>LEI: 984500511DP2B6186053 | Long             | DBT              | CORP              | US        |    370000 | PA      | $382133.78    | 0.04%             | 2030-06-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| CCC Intelligent Solutions Inc                        | CCC Intelligent Solutions Inc Term Loan                                          | CUSIP: 12511BAC6<br>LEI: 5493006JEEL9RIWY5T17 | Long             | LON              | CORP              | US        |    437533 | PA      | $436850.58    | 0.04%             | 2032-01-23      | Floating      | 6.16%                 | No            |                  2 | On Loan: No      |
| EOC Borrower LLC                                     | EOC Borrower LLC Term Loan B                                                     | CUSIP: 26875YAB8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    473812 | PA      | $473575.59    | 0.04%             | 2032-03-24      | Floating      | 7.16%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                                        | Carnival Corp                                                                    | CUSIP: 143658CA8<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |    602000 | PA      | $612642.16    | 0.06%             | 2032-08-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| AB BSL CLO                                           | AB BSL CLO 3 Ltd                                                                 | CUSIP: 00037QAJ8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1500000 | PA      | $1502859.15   | 0.14%             | 2038-04-20      | Floating      | 5.58%                 | No            |                  2 | On Loan: No      |
| SURGERY CENTER HOLDINGS INC                          | Surgery Center Holdings Inc 2025 Term Loan B                                     | CUSIP: 86880NBD4<br>LEI: 54930054EVI5HWPPW113 | Long             | LON              | CORP              | US        |    218887 | PA      | $218928.28    | 0.02%             | 2030-12-19      | Floating      | 6.66%                 | No            |                  2 | On Loan: No      |
| Cvent, Inc.                                          | Cvent Inc 2025 Term Loan B                                                       | CUSIP: 14071CAE8<br>LEI: 254900YSP2BAI3YKIX08 | Long             | LON              | CORP              | US        |    182980 | PA      | $182484.19    | 0.02%             | 2030-06-17      | Floating      | 6.75%                 | No            |                  2 | On Loan: No      |
| NOMURA SECURITIES INTERNATIONAL INC                  | RRP RHP HOTEL P                                                                  | CUSIP: 000000000<br>LEI: OXTKY6Q8X53C9ILVV871 | Short            | RA               | CORP              | US        |   -749385 | PA      | $-749385.00   | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| Gainwell Acquisition Corp                            | Gainwell Acquisition Corp Term Loan B                                            | CUSIP: 59909TAC8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    109652 | PA      | $107760.79    | 0.01%             | 2027-10-01      | Floating      | 8.10%                 | No            |                  2 | On Loan: No      |
| WHATABRANDS LLC                                      | Whatabrands LLC 2024 1st Lien Term Loan B                                        | CUSIP: 96244UAJ6<br>LEI: 254900HMMX4HTWIP0085 | Long             | LON              | CORP              | US        |    151260 | PA      | $151337.23    | 0.01%             | 2028-08-03      | Floating      | 6.66%                 | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                  | RRP PRIME SECUR                                                                  | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |   -606000 | PA      | $-606000.00   | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                | RRP INTERNATION                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        | -10825000 | PA      | $-10825000.00 | -1.01%            |  |  |  | No            |                  2 | On Loan: No      |
| SHINHAN FINANCIAL GROUP                              | Shinhan Financial Group Co Ltd                                                   | CUSIP: 82460N2A7<br>LEI: 988400EB8A6G49E5KO54 | Long             | DBT              | CORP              | KR        |    200000 | PA      | $198000.00    | 0.02%             | 2026-01-10      | Fixed         | 1.35%                 | No            |                  2 | On Loan: No      |
| ANHEUSER-BUSCH INBEV WOR                             | Anheuser-Busch InBev Worldwide Inc                                               | CUSIP: 03523TBV9<br>LEI: 549300CRGMZK3K53BF92 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5055349.75   | 0.47%             | 2049-01-23      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| CHART INDUSTRIES INC                                 | Chart Industries Inc                                                             | CUSIP: 16115QAG5<br>LEI: EM7QGKC1GYOF3LSZSL80 | Long             | DBT              | CORP              | US        |     93000 | PA      | $99636.20     | 0.01%             | 2031-01-01      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| Hertz Corporation, (The)                             | Hertz Corporation (The) 2021 Term Loan B                                         | CUSIP: 42804VBB6<br>LEI: 549300PD0C69OJ0NLB27 | Long             | LON              | CORP              | US        |    152546 | PA      | $136675.00    | 0.01%             | 2028-06-30      | Floating      | 8.07%                 | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                  | RRP DUPONT DE N                                                                  | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |  -7321875 | PA      | $-7321875.00  | -0.68%            |  |  |  | No            |                  2 | On Loan: No      |
| DEALER TIRE FINANCIAL LLC                            | Dealer Tire Financial LLC 2024 1st Lien Term Loan B                              | CUSIP: 24228HAR9<br>LEI: 894500QBE5Z2XQWCJ779 | Long             | LON              | CORP              | US        |    180180 | PA      | $179129.78    | 0.02%             | 2031-07-02      | Floating      | 7.16%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                                     | T-Mobile USA Inc                                                                 | CUSIP: 87264ACY9<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2042925.46   | 0.19%             | 2033-07-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| EG GLOBAL FINANCE PLC                                | EG Global Finance PLC                                                            | CUSIP: 28228PAC5<br>LEI: 549300TL8Q5207VYET27 | Long             | DBT              | CORP              | GB        |    418000 | PA      | $459112.81    | 0.04%             | 2028-11-30      | Fixed         | 12.00%                | No            |                  2 | On Loan: No      |
| UNITI GROUP/CSL CAPITAL                              | Uniti Group LP / Uniti Group Finance 2019 Inc / CSL Capital LLC                  | CUSIP: 91327TAA9<br>LEI: N/A                  | Long             | DBT              |  | US        |   2570000 | PA      | $2706724.00   | 0.25%             | 2028-02-15      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| FAR EAST HORIZON LTD                                 | Far East Horizon Ltd                                                             | CUSIP: 000000000<br>LEI: 549300S9XRGO1ZPUHE62 | Long             | DBT              | CORP              | HK        |    200000 | PA      | $202688.00    | 0.02%             | 2028-03-05      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                  | RRP MACQUARIE B                                                                  | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |  -5378786 | PA      | $-5378786.00  | -0.50%            |  |  |  | No            |                  2 | On Loan: No      |
| Great Canadian Gaming Corporation                    | Great Canadian Gaming Corporation 2024 Term Loan B                               | CUSIP: 000000000<br>LEI: 549300FU60SSFLTE0M84 | Long             | LON              | CORP              | CA        |    116647 | PA      | $112054.70    | 0.01%             | 2029-11-01      | Floating      | 8.75%                 | No            |                  2 | On Loan: No      |
| Bausch & Lomb Corporation                            | Bausch & Lomb Corporation 2025 Term Loan B                                       | CUSIP: 000000000<br>LEI: 549300NY6OZM39SO6475 | Long             | LON              | CORP              | CA        |    260156 | PA      | $259940.29    | 0.02%             | 2031-01-15      | Floating      | 8.41%                 | No            |                  2 | On Loan: No      |
| TRANSOCEAN INC                                       | Transocean International Ltd                                                     | CUSIP: 893830BL2<br>LEI: DOL4HJ22ADYSIWES4H94 | Long             | DBT              | CORP              | BM        |    440000 | PA      | $439388.25    | 0.04%             | 2027-02-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| IQVIA INC                                            | IQVIA Inc                                                                        | CUSIP: 46266TAG3<br>LEI: 549300PLWY28YB00C717 | Long             | DBT              | CORP              | US        |   1163000 | PA      | $1195727.98   | 0.11%             | 2032-06-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| COHERENT CORP                                        | Coherent Corp                                                                    | CUSIP: 902104AC2<br>LEI: 549300O5C25A0MMHHU33 | Long             | DBT              | CORP              | US        |    487000 | PA      | $480281.29    | 0.04%             | 2029-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DISCOVERY COMMUNICATIONS                             | Discovery Communications LLC                                                     | CUSIP: 25470DBX6<br>LEI: L2Z2MO2EQURH3BREWI15 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $2840000.00   | 0.27%             | 2043-04-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| SPIRIT AEROSYSTEMS INC                               | Spirit AeroSystems Inc                                                           | CUSIP: 85205TAR1<br>LEI: ZD2NBKV6GCC3UMGBM518 | Long             | DBT              | CORP              | US        |    717000 | PA      | $788552.30    | 0.07%             | 2030-11-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                | RRP CITIGROUP I                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |  -2716025 | PA      | $-2716025.00  | -0.25%            |  |  |  | No            |                  2 | On Loan: No      |
| Kaman Corporation                                    | Kaman Corporation 2025 Term Loan B                                               | CUSIP: 48354VAM4<br>LEI: 5493003YK076OLTEQF95 | Long             | LON              | CORP              | US        |     87948 | PA      | $87609.81     | 0.01%             | 2032-02-26      | Floating      | 6.95%                 | No            |                  2 | On Loan: No      |
| Signal Peak CLO, LLC                                 | Signal Peak CLO 14 Ltd                                                           | CUSIP: 82667FAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $2007176.00   | 0.19%             | 2038-01-22      | Floating      | 5.63%                 | No            |                  2 | On Loan: No      |
| PERRIGO FINANCE UNLIMITE                             | Perrigo Finance Unlimited Co                                                     | CUSIP: 71429MAD7<br>LEI: 549300E86RB6YCTMRM83 | Long             | DBT              | CORP              | IE        |    425000 | PA      | $427849.62    | 0.04%             | 2032-09-30      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| VIZIENT INC                                          | Vizient Inc 2024 Term Loan B                                                     | CUSIP: 92855LAR7<br>LEI: 5493007V6T3HZ7777P70 | Long             | LON              | CORP              | US        |     56958 | PA      | $57028.92     | 0.01%             | 2031-08-01      | Floating      | 5.91%                 | No            |                  2 | On Loan: No      |
| CALPINE CORP                                         | Calpine Corp                                                                     | CUSIP: 131347CM6<br>LEI: 43R4VPJBXTU2O15HEF41 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9957.81      | 0.00%             | 2028-02-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| WINDSTREAM SERVICES LLC                              | WINDSTREAM SERVICES LLC 2025 TERM LOAN B                                         | CUSIP: 000000000<br>LEI: 549300KT9GVEBYCD2N29 | Long             | LON              | CORP              | US        |    173000 | PA      | $171270.00    | 0.02%             | 2032-09-24      | Floating      | 8.14%                 | No            |                  3 | On Loan: No      |
| Churchill Downs Inc                                  | Churchill Downs Inc                                                              | CUSIP: 171484AE8<br>LEI: 529900FODTBQC8MIS994 | Long             | DBT              | CORP              | US        |    730000 | PA      | $720269.10    | 0.07%             | 2028-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                  | RRP W R GRACE H                                                                  | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |  -1478579 | PA      | $-1478578.75  | -0.14%            |  |  |  | No            |                  2 | On Loan: No      |
| Asurion LLC                                          | Asurion LLC 2021 2nd Lien Term Loan B3                                           | CUSIP: 04649VAZ3<br>LEI: 549300KNQVXGIOXWK278 | Long             | LON              | CORP              | US        |    175000 | PA      | $170187.50    | 0.02%             | 2028-01-31      | Floating      | 9.53%                 | No            |                  2 | On Loan: No      |
| Digicel International Finance Limited                | Digicel International Finance Limited 2025 Term Loan B                           | CUSIP: 000000000<br>LEI: 5493007V023VOEW4FK27 | Long             | LON              | CORP              | BM        |     79000 | PA      | $78901.25     | 0.01%             | 2032-08-06      | Floating      | 9.49%                 | No            |                  2 | On Loan: No      |
| VIRGIN MEDIA VEND FIN IV                             | Virgin Media Vendor Financing Notes IV DAC                                       | CUSIP: 92770QAA5<br>LEI: 635400ZZNJSEA4CAJR23 | Long             | DBT              | CORP              | IE        |   1452000 | PA      | $1422306.45   | 0.13%             | 2028-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lennar Corp                                          | Lennar Corp                                                                      | CUSIP: 526057CT9<br>LEI: 529900G61XVRLX5TJX09 | Long             | DBT              | CORP              | US        |    890000 | PA      | $890887.61    | 0.08%             | 2026-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Aruba Investments Holdings LLC                       | Aruba Investments Holdings LLC 2020 USD Term Loan                                | CUSIP: 04317JAB4<br>LEI: 254900GMIYFF4FZ0A357 | Long             | LON              | CORP              | US        |     72180 | PA      | $70051.13     | 0.01%             | 2027-11-24      | Floating      | 8.26%                 | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                  | RRP NVIDIA CORP                                                                  | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |  -1522035 | PA      | $-1522035.00  | -0.14%            |  |  |  | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO                               | General Motors Financial Co Inc                                                  | CUSIP: 37045XDB9<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |   2565000 | PA      | $2553662.70   | 0.24%             | 2030-09-30      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| CHINA DEVELOPMENT BK/HK                              | China Development Bank/Hong Kong                                                 | CUSIP: 000000000<br>LEI: 300300C1020111000029 | Long             | DBT              | NUSS              | CN        |    200000 | PA      | $194958.00    | 0.02%             | 2027-02-16      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| DIAMONDBACK ENERGY INC                               | Diamondback Energy Inc                                                           | CUSIP: 25278XAV1<br>LEI: 549300R22LSX6OHWEN64 | Long             | DBT              | CORP              | US        |   2880000 | PA      | $3102939.27   | 0.29%             | 2033-03-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Perrigo Investments, LLC                             | Perrigo Investments LLC 2024 Term Loan B                                         | CUSIP: 71429TAF7<br>LEI: 549300POZGC78VHAAJ73 | Long             | LON              | CORP              | US        |     80669 | PA      | $80534.32     | 0.01%             | 2029-04-20      | Floating      | 6.16%                 | No            |                  2 | On Loan: No      |
| American Builders & Contractors Supply Co Inc        | American Builders & Contractors Supply Co Inc 2024 Term Loan B                   | CUSIP: 02474RAJ2<br>LEI: 549300H5GQ4C1BEKG397 | Long             | LON              | CORP              | US        |    203337 | PA      | $203688.82    | 0.02%             | 2031-01-31      | Floating      | 5.91%                 | No            |                  2 | On Loan: No      |
| Diameter Capital CLO                                 | Diameter Capital CLO 10 Ltd                                                      | CUSIP: 25290BAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1500000 | PA      | $1504947.45   | 0.14%             | 2038-04-20      | Floating      | 5.60%                 | No            |                  2 | On Loan: No      |
| ALLIANT HOLD / CO-ISSUER                             | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer                   | CUSIP: 01883LAH6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1221000 | PA      | $1258157.96   | 0.12%             | 2032-10-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| GIP Pilot Acquisition Partners LP                    | GIP Pilot Acquisition Partners LP 2025 Term Loan B                               | CUSIP: 31773HAE2<br>LEI: 254900NQOAOPPA12X060 | Long             | LON              | CORP              | US        |     32866 | PA      | $32794.35     | 0.00%             | 2030-10-04      | Floating      | 6.29%                 | No            |                  2 | On Loan: No      |
| ABBVIE INC                                           | AbbVie Inc                                                                       | CUSIP: 00287YDB2<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |   5485000 | PA      | $5075531.81   | 0.47%             | 2045-03-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| NOMURA SECURITIES INTERNATIONAL INC                  | RRP WALMART INC                                                                  | CUSIP: 000000000<br>LEI: OXTKY6Q8X53C9ILVV871 | Short            | RA               | CORP              | US        |  -1117875 | PA      | $-1117875.00  | -0.10%            |  |  |  | No            |                  2 | On Loan: No      |
| QUALCOMM INC                                         | QUALCOMM Inc                                                                     | CUSIP: 747525BT9<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | DBT              | CORP              | US        |   1993000 | PA      | $2142364.11   | 0.20%             | 2053-05-20      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| INSIGHT ENTERPRS                                     | Insight Enterprises Inc                                                          | CUSIP: 45765UAC7<br>LEI: 529900S8991TYW6YP792 | Long             | DBT              | CORP              | US        |    196000 | PA      | $200958.80    | 0.02%             | 2032-05-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| OLYMPUS WTR US HLDG CORP                             | Olympus Water US Holding Corp                                                    | CUSIP: 25259KAA8<br>LEI: 549300YU2GGVCBN3MY89 | Long             | DBT              | CORP              | US        |   1149000 | PA      | $1205875.50   | 0.11%             | 2028-11-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| IRON MOUNTAIN INFO MGMT                              | Iron Mountain Information Management Services Inc                                | CUSIP: 46285MAA8<br>LEI: N/A                  | Long             | DBT              |  | US        |    534000 | PA      | $514530.84    | 0.05%             | 2032-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Buckhorn Park CLO, Ltd.                              | Buckhorn Park CLO Ltd                                                            | CUSIP: 118382BA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1000500.60   | 0.09%             | 2034-07-18      | Floating      | 5.40%                 | No            |                  2 | On Loan: No      |
| SIRVA Worldwide Inc                                  | SIRVA Worldwide Inc 2024 Term Loan                                               | CUSIP: 000000000<br>LEI: 549300NHGBSB7RBY2786 | Long             | LON              | CORP              | US        |     53238 | PA      | $20230.27     | 0.00%             | 2029-08-20      | Floating      | 12.20%                | No            |                  2 | On Loan: No      |
| FRONTIER COMMUNICATIONS                              | Frontier Communications Holdings LLC                                             | CUSIP: 35908MAD2<br>LEI: 549300ZCZ76HYCS0H445 | Long             | DBT              | CORP              | US        |   3395000 | PA      | $3546569.78   | 0.33%             | 2030-05-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| BROOKFIELD PPTY REIT INC                             | Brookfield Property REIT Inc / BPR Cumulus LLC / BPR Nimbus LLC / GGSI Sellco LL | CUSIP: 11284DAC9<br>LEI: N/A                  | Long             | DBT              |  | US        |    505000 | PA      | $495986.66    | 0.05%             | 2027-04-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ESAB CORP                                            | Esab Corp                                                                        | CUSIP: 29605JAA4<br>LEI: 549300ZNV0SWBXEIWT04 | Long             | DBT              | CORP              | US        |    405000 | PA      | $416057.72    | 0.04%             | 2029-04-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| ATLAS CC ACQUISITION CORP                            | Atlas CC Acquisition Corp 2025 Second Out Term Loan B                            | CUSIP: 04921TAR5<br>LEI: 6HHLXIOGCDNZ4IRAIW26 | Long             | LON              | CORP              | US        |    500290 | PA      | $285010.09    | 0.03%             | 2029-05-25      | Floating      | 8.83%                 | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                  | RRP NGL ENERGY                                                                   | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |    -82031 | PA      | $-82031.25    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Polaris Newco LLC                                    | Polaris Newco LLC USD Term Loan B                                                | CUSIP: 73108RAB4<br>LEI: 254900LEPDAG7EDOA064 | Long             | LON              | CORP              | US        |    207423 | PA      | $199673.21    | 0.02%             | 2028-06-02      | Floating      | 8.57%                 | No            |                  2 | On Loan: No      |
| AON GLOBAL LTD                                       | Aon Global Ltd                                                                   | CUSIP: 00185AAB0<br>LEI: VVT2B79I2Z4U3R6BY589 | Long             | DBT              | CORP              | GB        |   6500000 | PA      | $5494102.19   | 0.51%             | 2042-12-12      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| ROCKETMTGE CO-ISSUER INC                             | Rocket Mortgage LLC / Rocket Mortgage Co-Issuer Inc                              | CUSIP: 77313LAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    121000 | PA      | $118523.02    | 0.01%             | 2026-10-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| OMNIA PARTNERS LLC                                   | OMNIA Partners LLC 2024 Term Loan B                                              | CUSIP: 68218HAE7<br>LEI: 254900ZD1P5CVG9GOS22 | Long             | LON              | CORP              | US        |     84150 | PA      | $84136.54     | 0.01%             | 2030-07-25      | Floating      | 6.81%                 | No            |                  2 | On Loan: No      |
| GULFPORT ENERGY OP CORP                              | Gulfport Energy Operating Corp                                                   | CUSIP: 402635AT3<br>LEI: 549300FJX18IDUFPHD40 | Long             | DBT              | CORP              | US        |    243000 | PA      | $249365.04    | 0.02%             | 2029-09-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| NAVIENT CORP                                         | Navient Corp                                                                     | CUSIP: 63938CAQ1<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |    329000 | PA      | $346192.88    | 0.03%             | 2032-06-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| Minerals Technologies Inc                            | Minerals Technologies Inc 2024 Term Loan B                                       | CUSIP: 60315GAH1<br>LEI: 549300D3I1QU67GP6403 | Long             | LON              | CORP              | US        |    172695 | PA      | $172695.00    | 0.02%             | 2031-11-26      | Floating      | 6.16%                 | No            |                  3 | On Loan: No      |
| T-MOBILE USA INC                                     | T-Mobile USA Inc                                                                 | CUSIP: 87264ABS3<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    438000 | PA      | $415692.57    | 0.04%             | 2029-02-15      | Fixed         | 2.63%                 | No            |                  2 | On Loan: No      |
| GARDA WORLD SECURITY                                 | Garda World Security Corp                                                        | CUSIP: 36485MAL3<br>LEI: 549300ZF1NDXLMCHNO20 | Long             | DBT              | CORP              | CA        |     89000 | PA      | $88236.74     | 0.01%             | 2029-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| KEYCORP                                              | KeyCorp                                                                          | CUSIP: 49326EEP4<br>LEI: RKPI3RZGV1V1FJTH5T61 | Long             | DBT              | CORP              | US        |   1995000 | PA      | $2164976.41   | 0.20%             | 2035-03-06      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| OLYMPUS WATER US HOLDING CORP                        | OLYMPUS WATER US HOLDING CORP 2025 USD TERM LOAN B                               | CUSIP: 68163YAK1<br>LEI: 549300YU2GGVCBN3MY89 | Long             | LON              | CORP              | US        |    208000 | PA      | $206292.32    | 0.02%             | 2032-07-23      | Floating      | 7.39%                 | No            |                  2 | On Loan: No      |
| DAYFORCE INC                                         | Dayforce Inc 2025 Term Loan B                                                    | CUSIP: 23958CAD9<br>LEI: 549300T64GVCHFJ8L449 | Long             | LON              | CORP              | US        |    337852 | PA      | $337851.68    | 0.03%             | 2031-03-01      | Floating      | 6.31%                 | No            |                  3 | On Loan: No      |
| TWILIO INC                                           | Twilio Inc                                                                       | CUSIP: 90138FAD4<br>LEI: 5493004W8TRGD63APX93 | Long             | DBT              | CORP              | US        |    558000 | PA      | $524672.00    | 0.05%             | 2031-03-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Lumen Technologies Inc                               | Lumen Technologies Inc 2024 Extended Term Loan B2                                | CUSIP: 55024EAG0<br>LEI: 8M3THTGWLTYZVE6BBY25 | Long             | LON              | CORP              | US        |    177021 | PA      | $175718.14    | 0.02%             | 2030-04-15      | Floating      | 6.63%                 | No            |                  2 | On Loan: No      |
| CLYDESDALE ACQUISITION                               | Clydesdale Acquisition Holdings Inc                                              | CUSIP: 18972EAC9<br>LEI: 254900QKSDYFR3K5YD98 | Long             | DBT              | CORP              | US        |    666000 | PA      | $683188.93    | 0.06%             | 2030-01-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| DAVITA INC                                           | DaVita Inc                                                                       | CUSIP: 23918KAY4<br>LEI: M2XHYMU3TZNEZURC6H66 | Long             | DBT              | CORP              | US        |    219000 | PA      | $225832.36    | 0.02%             | 2033-07-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| FEDEX CORP                                           | FedEx Corp                                                                       | CUSIP: 31428XCA2<br>LEI: 549300E707U7WNPZN687 | Long             | DBT              | CORP              | US        |   6000000 | PA      | $5497427.46   | 0.51%             | 2050-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS SA                                       | RRP HSBC HOLDIN                                                                  | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | Short            | RA               | CORP              | US        |   -388640 | PA      | $-388640.00   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| Elmwood CLO II Ltd.                                  | Elmwood CLO II Ltd                                                               | CUSIP: 29001LAW1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $2007674.20   | 0.19%             | 2037-10-20      | Floating      | 5.68%                 | No            |                  2 | On Loan: No      |
| GRAY MEDIA INC                                       | Gray Media Inc                                                                   | CUSIP: 389375AP1<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |    680000 | PA      | $673847.84    | 0.06%             | 2033-08-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                               | CCO Holdings LLC / CCO Holdings Capital Corp                                     | CUSIP: 1248EPCD3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    160000 | PA      | $153530.72    | 0.01%             | 2030-03-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO LLC                              | RRP OLYMPUS WAT                                                                  | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | Short            | RA               | CORP              | US        |   -300000 | PA      | $-300000.00   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| AMNEAL PHARMACEUTICALS LLC                           | Amneal Pharmaceuticals LLC 2025 Term Loan B                                      | CUSIP: 03167DAR5<br>LEI: 54930037VIXE7LRZ1M66 | Long             | LON              | CORP              | US        |    294000 | PA      | $293509.02    | 0.03%             | 2032-08-01      | Floating      | 7.66%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                                 | OneMain Finance Corp                                                             | CUSIP: 682691AE0<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    388000 | PA      | $410564.14    | 0.04%             | 2030-03-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| Rockford Tower CLO Ltd                               | Rockford Tower CLO 2017-3 Ltd                                                    | CUSIP: 77341DAA5<br>LEI: 549300V5ZF7112UGSH89 | Long             | ABS-CBDO         | CORP              | KY        |    411125 | PA      | $411520.26    | 0.04%             | 2030-10-20      | Floating      | 5.78%                 | No            |                  2 | On Loan: No      |
| SMYRNA READY MIX CONCRET                             | Smyrna Ready Mix Concrete LLC                                                    | CUSIP: 83283WAE3<br>LEI: 549300S7RFWHQFOIOY93 | Long             | DBT              | CORP              | US        |    171000 | PA      | $180566.21    | 0.02%             | 2031-11-15      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| TELECOM ITALIA CAPITAL                               | Telecom Italia Capital SA                                                        | CUSIP: 87927VAV0<br>LEI: 549300777DJZOR5C4L39 | Long             | DBT              | CORP              | LU        |    478000 | PA      | $529524.67    | 0.05%             | 2038-06-04      | Fixed         | 7.72%                 | No            |                  2 | On Loan: No      |
| SENSATA TECH INC                                     | Sensata Technologies Inc                                                         | CUSIP: 81728UAA2<br>LEI: 5493002MMDDCUNV7NY90 | Long             | DBT              | CORP              | US        |   2150000 | PA      | $2075085.40   | 0.19%             | 2030-02-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| FRONTIER COMMUNICATIONS                              | Frontier Communications Holdings LLC                                             | CUSIP: 35908MAE0<br>LEI: 549300ZCZ76HYCS0H445 | Long             | DBT              | CORP              | US        |    395000 | PA      | $416433.10    | 0.04%             | 2031-03-15      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| NOMURA SECURITIES INTERNATIONAL INC                  | RRP URUGUAY (OR                                                                  | CUSIP: 000000000<br>LEI: OXTKY6Q8X53C9ILVV871 | Short            | RA               | CORP              | US        |  -3068975 | PA      | $-3068975.00  | -0.29%            |  |  |  | No            |                  2 | On Loan: No      |
| Sprint Capital Corp                                  | Sprint Capital Corp                                                              | CUSIP: 852060AD4<br>LEI: 549300L17W0GQBR1PO80 | Long             | DBT              | CORP              | US        |   3063000 | PA      | $3294710.71   | 0.31%             | 2028-11-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| HOKKAIDO ELECTRIC POWER                              | Hokkaido Electric Power Co Inc                                                   | CUSIP: 000000000<br>LEI: 353800XDXIIZDHUO0J51 | Long             | DBT              | CORP              | JP        |    400000 | PA      | $400875.04    | 0.04%             | 2030-09-04      | Fixed         | 4.59%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                | RRP DELL INTERN                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |  -1232381 | PA      | $-1232381.25  | -0.12%            |  |  |  | No            |                  2 | On Loan: No      |
| Oak Hill Credit                                      | OHA Credit Funding 5 Ltd                                                         | CUSIP: 67113GAS6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1003827.60   | 0.09%             | 2037-10-18      | Floating      | 5.68%                 | No            |                  2 | On Loan: No      |
| US FOODS INC                                         | US Foods Inc                                                                     | CUSIP: 90290MAD3<br>LEI: 5493000JOOFAOUY1JZ87 | Long             | DBT              | CORP              | US        |    595000 | PA      | $586102.32    | 0.05%             | 2029-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| US ACUTE CARE SOLUTIONS                              | US Acute Care Solutions LLC                                                      | CUSIP: 90367UAD3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    360000 | PA      | $368633.64    | 0.03%             | 2029-05-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| Waystar Technologies, Inc.                           | Waystar Technologies Inc 2025 Term Loan B                                        | CUSIP: 63939WAN3<br>LEI: 549300BIRBTAWWHCSZ09 | Long             | LON              | CORP              | US        |    194749 | PA      | $194666.97    | 0.02%             | 2029-10-22      | Floating      | 6.16%                 | No            |                  2 | On Loan: No      |
| Axalta Coating Systems U.S. Holdings, Inc.           | Axalta Coating Systems US Holdings Inc 2024 Term Loan B7                         | CUSIP: 90347BAP3<br>LEI: 549300NZ43V4QV4UGN28 | Long             | LON              | CORP              | US        |    215060 | PA      | $215709.17    | 0.02%             | 2029-12-20      | Floating      | 5.75%                 | No            |                  2 | On Loan: No      |
| AbbVie Inc                                           | AbbVie Inc                                                                       | CUSIP: 00287YAS8<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |   3255000 | PA      | $2985841.38   | 0.28%             | 2045-05-14      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                   | Energy Transfer LP                                                               | CUSIP: 29273VAJ9<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4990420.00   | 0.47%             | 2028-02-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| XHR LP                                               | XHR LP                                                                           | CUSIP: 98372MAE5<br>LEI: 549300M88BPT83ZL2164 | Long             | DBT              |  | US        |    154000 | PA      | $158230.84    | 0.01%             | 2030-05-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| USA COM PART/USA COM FIN                             | USA Compression Partners LP / USA Compression Finance Corp                       | CUSIP: 91740PAG3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    526000 | PA      | $542476.42    | 0.05%             | 2029-03-15      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| SCIENCE APPLICATIONS INT                             | Science Applications International Corp                                          | CUSIP: 808625AB3<br>LEI: 549300LZPNZIXQGZPZ48 | Long             | DBT              | CORP              | US        |    303000 | PA      | $303094.10    | 0.03%             | 2033-11-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Uruguay Government International Bonds               | Uruguay Government International Bonds                                           | CUSIP: 760942BA9<br>LEI: 549300RDR012H2V82H43 | Long             | DBT              | NUSS              | UY        |   3500000 | PA      | $3316250.00   | 0.31%             | 2050-06-18      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                | RRP DIAMONDBACK                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |   -627125 | PA      | $-627125.00   | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| MEDLINE BORROWER/MEDL CO                             | Medline Borrower LP/Medline Co-Issuer Inc                                        | CUSIP: 58506DAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    915000 | PA      | $938245.26    | 0.09%             | 2029-04-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| CITGO PETROLEUM CORP                                 | CITGO Petroleum Corp                                                             | CUSIP: 17302XAN6<br>LEI: YX52P86PXMLYDOTUQ225 | Long             | DBT              | CORP              | US        |    733000 | PA      | $761727.74    | 0.07%             | 2029-01-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| LEVEL 3 FINANCING INC                                | Level 3 Financing Inc                                                            | CUSIP: 527298CD3<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |    578442 | PA      | $528551.38    | 0.05%             | 2030-04-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| BREAD FINANCIAL HLDGS                                | Bread Financial Holdings Inc                                                     | CUSIP: 018581AQ1<br>LEI: 549300G8S4PO686J7H97 | Long             | DBT              | CORP              | US        |     54000 | PA      | $55449.31     | 0.01%             | 2035-06-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| T-Mobile USA Inc                                     | T-Mobile USA Inc                                                                 | CUSIP: 87264AAV7<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |   1013000 | PA      | $1014524.91   | 0.09%             | 2028-02-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                  | RRP JPMORGAN CH                                                                  | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        | -11055000 | PA      | $-11055000.00 | -1.03%            |  |  |  | No            |                  2 | On Loan: No      |
| CAESARS ENTERTAIN INC                                | Caesars Entertainment Inc                                                        | CUSIP: 12769GAB6<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |   2677000 | PA      | $2753582.04   | 0.26%             | 2030-02-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Project Alpha Intermediate Holding, Inc.             | Project Alpha Intermediate Holding Inc 2024 1st Lien Term Loan B                 | CUSIP: 74339DAN8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    119586 | PA      | $119857.46    | 0.01%             | 2030-10-26      | Floating      | 7.25%                 | No            |                  2 | On Loan: No      |
| KINDER MORGAN INC                                    | Kinder Morgan Inc                                                                | CUSIP: 28368EAD8<br>LEI: 549300WR7IX8XE0TBO16 | Long             | DBT              | CORP              | US        |    197000 | PA      | $228523.81    | 0.02%             | 2031-08-01      | Fixed         | 7.80%                 | No            |                  2 | On Loan: No      |
| Oxea Holding Drei GmbH                               | Oxea Holding Drei GmbH 2017 USD Term Loan B2                                     | CUSIP: 000000000<br>LEI: 529900MSP24R2FE9U796 | Long             | LON              | CORP              | US        |    206630 | PA      | $189754.61    | 0.02%             | 2031-04-08      | Floating      | 8.64%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                              | Goldman Sachs Group Inc/The                                                      | CUSIP: 38141GC28<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   7278000 | PA      | $7559862.38   | 0.71%             | 2030-02-10      | Fixed         | 6.85%                 | No            |                  2 | On Loan: No      |
| CONSTELLIUM SE                                       | Constellium SE                                                                   | CUSIP: 21039CAB0<br>LEI: 724500KRJEMC79KAAU28 | Long             | DBT              | CORP              | FR        |   1731000 | PA      | $1647018.11   | 0.15%             | 2029-04-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Whitewater Matterhorn Holdings LLC                   | Whitewater Matterhorn Holdings LLC 2025 Term Loan B                              | CUSIP: 000000000<br>LEI: 2138009J7G187M6C4Q91 | Long             | LON              | CORP              | US        |     36000 | PA      | $35960.76     | 0.00%             | 2032-06-16      | Floating      | 6.25%                 | No            |                  2 | On Loan: No      |
| CA MAGNUM HOLDINGS                                   | CA Magnum Holdings                                                               | CUSIP: 12674CAA1<br>LEI: 549300ZRDHFR078MFZ78 | Long             | DBT              | CORP              | MU        |    964000 | PA      | $959300.50    | 0.09%             | 2026-10-31      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Petronas Capital Ltd                                 | Petronas Capital Ltd                                                             | CUSIP: 000000000<br>LEI: 549300G7YFX3540OYR85 | Long             | DBT              | CORP              | MY        |    200000 | PA      | $179036.00    | 0.02%             | 2045-03-18      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| TKO Worldwide Holdings, LLC                          | TKO Worldwide Holdings LLC 2024 Term Loan B4                                     | CUSIP: 90266UAK9<br>LEI: 549300JEOTH7UMZ3C491 | Long             | LON              | CORP              | US        |    369245 | PA      | $369647.23    | 0.03%             | 2031-11-21      | Floating      | 6.46%                 | No            |                  2 | On Loan: No      |
| WEX INC                                              | WEX Inc 2024 Term Loan B2                                                        | CUSIP: 96208UAW1<br>LEI: T9M5IGROL1TL1G5OV478 | Long             | LON              | CORP              | US        |     44662 | PA      | $44589.75     | 0.00%             | 2028-03-31      | Floating      | 5.91%                 | No            |                  2 | On Loan: No      |
| ALLIANT HOLD / CO-ISSUER                             | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer                   | CUSIP: 01883LAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1576000 | PA      | $1579394.70   | 0.15%             | 2027-10-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Sixth Street CLO LTD.                                | Sixth Street CLO XIV Ltd                                                         | CUSIP: 83013NAG5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1750000 | PA      | $1751978.20   | 0.16%             | 2038-01-20      | Floating      | 5.83%                 | No            |                  2 | On Loan: No      |
| ANHEUSER-BUSCH CO/INBEV                              | Anheuser-Busch Cos LLC / Anheuser-Busch InBev Worldwide Inc                      | CUSIP: 03522AAJ9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5712000 | PA      | $5351172.16   | 0.50%             | 2046-02-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| NAVIENT CORP                                         | Navient Corp                                                                     | CUSIP: 63938CAN8<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |    244000 | PA      | $269685.64    | 0.03%             | 2030-07-25      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| HERC HOLDINGS INC                                    | Herc Holdings Inc Term Loan B                                                    | CUSIP: 000000000<br>LEI: 549300TP80QLITMSBP82 | Long             | LON              | CORP              | US        |     40000 | PA      | $40150.00     | 0.00%             | 2032-06-02      | Floating      | 6.25%                 | No            |                  2 | On Loan: No      |
| Jeld-Wen Inc                                         | JELD-WEN Inc                                                                     | CUSIP: 475795AD2<br>LEI: 549300XWE6NM0N1HFW16 | Long             | DBT              | CORP              | US        |    322000 | PA      | $314225.99    | 0.03%             | 2027-12-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| NISSAN MOTOR ACCEPTANCE                              | Nissan Motor Acceptance Co LLC                                                   | CUSIP: 000000000<br>LEI: 7D6DIU2QXTUJRFNNJA49 | Long             | DBT              | CORP              | US        |     75000 | PA      | $75972.19     | 0.01%             | 2026-09-15      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| LEVEL 3 FINANCING INC                                | Level 3 Financing Inc                                                            | CUSIP: 527298CH4<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |     69368 | PA      | $59639.83     | 0.01%             | 2031-04-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| 1011778 BC / NEW RED FIN                             | 1011778 BC ULC / New Red Finance Inc                                             | CUSIP: 68245XAH2<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |   1128000 | PA      | $1100982.82   | 0.10%             | 2028-01-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| NISSAN MOTOR CO                                      | Nissan Motor Co Ltd                                                              | CUSIP: 000000000<br>LEI: 353800DRBDH1LUTNAY26 | Long             | DBT              | CORP              | JP        |    200000 | PA      | $188416.98    | 0.02%             | 2030-09-17      | Fixed         | 4.81%                 | No            |                  2 | On Loan: No      |
| PRIME HEALTHCARE SERVICE                             | Prime Healthcare Services Inc                                                    | CUSIP: 74165HAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    150000 | PA      | $156000.00    | 0.01%             | 2029-09-01      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| JP MORGAN SECURITIES LLC                             | RRP ITT HOLDING                                                                  | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | Short            | RA               | CORP              | US        |   -187188 | PA      | $-187187.50   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| NANYANG COMMERCIAL BANK                              | Nanyang Commercial Bank Ltd                                                      | CUSIP: 000000000<br>LEI: SC4P6WZO702RYEIU7J93 | Long             | DBT              | CORP              | HK        |    250000 | PA      | $257802.50    | 0.02%             | 2034-08-06      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| WYNN RESORTS FINANCE LLC                             | Wynn Resorts Finance LLC / Wynn Resorts Capital Corp                             | CUSIP: 983133AA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1236000 | PA      | $1237905.91   | 0.12%             | 2029-10-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| VALARIS LTD                                          | Valaris Ltd                                                                      | CUSIP: 91889FAC5<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    558000 | PA      | $579117.10    | 0.05%             | 2030-04-30      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| CHAMBERLAIN GROUP INC                                | CHAMBERLAIN GROUP INC 2025 TERM LOAN B                                           | CUSIP: 15963CAE6<br>LEI: 25490092IFNOZBRVE539 | Long             | LON              | CORP              | US        |    484192 | PA      | $484395.09    | 0.05%             | 2032-09-08      | Floating      | 7.16%                 | No            |                  2 | On Loan: No      |
| Intesa Sanpaolo SpA                                  | Intesa Sanpaolo SpA                                                              | CUSIP: 46115HAW7<br>LEI: 2W8N8UU78PMDQKZENC08 | Long             | DBT              | CORP              | IT        |   9840000 | PA      | $9861402.59   | 0.92%             | 2026-01-15      | Fixed         | 5.71%                 | No            |                  2 | On Loan: No      |
| Madison Park Funding Ltd                             | Madison Park Funding L Ltd                                                       | CUSIP: 55821FAA5<br>LEI: 549300XQII222AK58E79 | Long             | ABS-CBDO         | CORP              | KY        |   2520000 | PA      | $2524399.92   | 0.24%             | 2034-04-19      | Floating      | 5.73%                 | No            |                  2 | On Loan: No      |
| Trimaran CAVU Ltd                                    | Trimaran CAVU 2022-2 Ltd                                                         | CUSIP: 89625BAN3<br>LEI: 549300JHXVOIVLAKRV03 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1001154.50   | 0.09%             | 2038-03-27      | Floating      | 5.57%                 | No            |                  2 | On Loan: No      |
| Booking Holdings Inc                                 | Booking Holdings Inc                                                             | CUSIP: 741503BC9<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | DBT              | CORP              | US        |   3375000 | PA      | $3339053.96   | 0.31%             | 2028-03-15      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| Celestica Inc                                        | Celestica Inc 2024 Term Loan B                                                   | CUSIP: 000000000<br>LEI: 549300J3CG5T6RZWLN53 | Long             | LON              | CORP              | CA        |     55300 | PA      | $55576.50     | 0.01%             | 2031-06-20      | Floating      | 5.92%                 | No            |                  3 | On Loan: No      |
| PERMIAN RESOURC OPTG LLC                             | Permian Resources Operating LLC                                                  | CUSIP: 19416MAB5<br>LEI: 5493004CTVUMQLRPOE23 | Long             | DBT              | CORP              | US        |   1002000 | PA      | $1006484.95   | 0.09%             | 2029-07-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| LIGHT & WONDER INTL INC                              | Light & Wonder International Inc                                                 | CUSIP: 80874YBE9<br>LEI: RLTHESQ0RNFQJWPBJN60 | Long             | DBT              | CORP              | US        |    218000 | PA      | $223748.88    | 0.02%             | 2029-11-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| DIAMONDBACK ENERGY INC                               | Diamondback Energy Inc                                                           | CUSIP: 25278XAN9<br>LEI: 549300R22LSX6OHWEN64 | Long             | DBT              | CORP              | US        |    692000 | PA      | $667641.39    | 0.06%             | 2029-12-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Palmer Square CLO Ltd                                | Palmer Square CLO 2020-3 Ltd                                                     | CUSIP: 69701RAY3<br>LEI: 549300IUW4WDDDVSMS20 | Long             | ABS-CBDO         | CORP              | JE        |   1500000 | PA      | $1502674.20   | 0.14%             | 2036-11-15      | Floating      | 5.86%                 | No            |                  2 | On Loan: No      |
| AGL CLO Ltd.                                         | AGL CLO 12 Ltd                                                                   | CUSIP: 00120BAE0<br>LEI: 54930005OE1IFBESDA27 | Long             | ABS-CBDO         | CORP              | KY        |    890000 | PA      | $891584.20    | 0.08%             | 2034-07-20      | Floating      | 6.19%                 | No            |                  2 | On Loan: No      |
| DIAMOND FRGN/DIAMOND FIN                             | Diamond Foreign Asset Co / Diamond Finance LLC                                   | CUSIP: 25260WAD3<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |     73000 | PA      | $77357.08     | 0.01%             | 2030-10-01      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Truist Insurance Holdings LLC                        | Truist Insurance Holdings LLC 2024 Term Loan B                                   | CUSIP: 89788VAG7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    570903 | PA      | $570012.62    | 0.05%             | 2031-05-06      | Floating      | 6.75%                 | No            |                  2 | On Loan: No      |
| BLOCK INC                                            | Block Inc                                                                        | CUSIP: 852234AN3<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |    694000 | PA      | $684882.58    | 0.06%             | 2026-06-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| UNICREDIT SPA                                        | UniCredit SpA                                                                    | CUSIP: 904678AS8<br>LEI: 549300TRUWO2CD2G5692 | Long             | DBT              | CORP              | IT        |   6135000 | PA      | $6185126.63   | 0.58%             | 2035-06-30      | Fixed         | 5.46%                 | No            |                  2 | On Loan: No      |
| ALTICE FINANCING SA                                  | Altice Financing SA                                                              | CUSIP: 02154CAH6<br>LEI: 549300DIYGW8HVDF7Q17 | Long             | DBT              | CORP              | LU        |    715000 | PA      | $538037.50    | 0.05%             | 2029-08-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| VMED O2 UK FINAN                                     | Vmed O2 UK Financing I PLC                                                       | CUSIP: 92858RAA8<br>LEI: 213800MRR46ECNGZ7L69 | Long             | DBT              | CORP              | GB        |    400000 | PA      | $370866.26    | 0.03%             | 2031-01-31      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| K HOVNANIAN ENTERPRISES                              | K Hovnanian Enterprises Inc                                                      | CUSIP: 48251UAP3<br>LEI: 549300JJCQ0KAI7CJG32 | Long             | DBT              | CORP              | US        |    383000 | PA      | $392740.92    | 0.04%             | 2031-04-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| KODIAK GAS SERVICES LLC                              | Kodiak Gas Services LLC                                                          | CUSIP: 50012LAC8<br>LEI: 549300ZQBRWEUOVOM131 | Long             | DBT              | CORP              | US        |    757000 | PA      | $785512.44    | 0.07%             | 2029-02-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Norfolk Southern Corp                                | Norfolk Southern Corp                                                            | CUSIP: 655844AV0<br>LEI: 54930036C8MWP850MI84 | Long             | DBT              | CORP              | US        |  12700000 | PA      | $12381345.06  | 1.16%             | 2105-03-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| WRANGLER HOLDCO CORP                                 | Wrangler Holdco Corp                                                             | CUSIP: 37441QAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    211000 | PA      | $220009.49    | 0.02%             | 2032-04-01      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| STAR PARENT INC                                      | Star Parent Inc                                                                  | CUSIP: 855170AA4<br>LEI: 254900GRGCJYRMDRWT73 | Long             | DBT              | CORP              | US        |    559000 | PA      | $590970.89    | 0.06%             | 2030-10-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| TRIVIUM PACKAGING FIN                                | Trivium Packaging Finance BV                                                     | CUSIP: 89686QAD8<br>LEI: 724500GMZWW3PVYET548 | Long             | DBT              | CORP              | NL        |    200000 | PA      | $213348.80    | 0.02%             | 2030-07-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| MTR CORP CI LTD                                      | MTR Corp CI Ltd                                                                  | CUSIP: 000000000<br>LEI: 254900SEVE6JAZLGDW04 | Long             | DBT              | CORP              | KY        |    600000 | PA      | $625716.00    | 0.06%             | 2035-09-24      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| Gulfside Supply Inc                                  | Gulfside Supply Inc Term Loan B                                                  | CUSIP: 40273UAE9<br>LEI: 5493009BEGVKVXE2HW08 | Long             | LON              | CORP              | US        |     65741 | PA      | $65752.57     | 0.01%             | 2031-06-17      | Floating      | 7.00%                 | No            |                  2 | On Loan: No      |
| STAR HOLDING LLC                                     | Star Holding LLC                                                                 | CUSIP: 85513AAA6<br>LEI: 254900BDGPE9N1WAKD59 | Long             | DBT              | CORP              | US        |    366000 | PA      | $363146.81    | 0.03%             | 2031-08-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| Birch Grove CLO Ltd.                                 | Birch Grove CLO Ltd                                                              | CUSIP: 09075JAU3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1003903.40   | 0.09%             | 2037-07-17      | Floating      | 5.91%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                                       | NRG Energy Inc                                                                   | CUSIP: 629377DC3<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    778000 | PA      | $777205.92    | 0.07%             | 2034-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| PINNACLE BUYER LLC                                   | PINNACLE BUYER LLC DELAYED DRAW TERM LOAN                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     22645 | PA      | $22673.77     | 0.00%             | 2032-09-10      | Floating      | 6.63%                 | No            |                  2 | On Loan: No      |
| Element Materials Technology Group US Holdings Inc   | Element Materials Technology Group US Holdings Inc 2022 USD Term Loan            | CUSIP: 000000000<br>LEI: 213800EGOJGGUKUGEZ30 | Long             | LON              | CORP              | US        |     82855 | PA      | $83295.11     | 0.01%             | 2029-07-06      | Floating      | 7.68%                 | No            |                  2 | On Loan: No      |
| DRAKE SOFTWARE LLC                                   | Drake Software LLC 2024 Term Loan B                                              | CUSIP: 23344UAF7<br>LEI: 25490030X7DBAF7KCR65 | Long             | LON              | CORP              | US        |     88687 | PA      | $88538.68     | 0.01%             | 2031-06-26      | Floating      | 8.41%                 | No            |                  2 | On Loan: No      |
| WILLIAMS SCOTSMAN INC                                | Williams Scotsman Inc                                                            | CUSIP: 96949VAM5<br>LEI: 549300DAKDS8SCO1OT57 | Long             | DBT              | CORP              | US        |     35000 | PA      | $35799.93     | 0.00%             | 2029-06-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| FIRSTENERGY CORP                                     | FirstEnergy Corp                                                                 | CUSIP: 337932AL1<br>LEI: 549300SVYJS666PQJH88 | Long             | DBT              | CORP              | US        |     73000 | PA      | $67729.04     | 0.01%             | 2030-03-01      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                              | Hyundai Capital America                                                          | CUSIP: 44891CCS0<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |    200000 | PA      | $200182.22    | 0.02%             | 2025-11-03      | Floating      | 5.60%                 | No            |                  2 | On Loan: No      |
| CRESCENT ENERGY FINANCE                              | Crescent Energy Finance LLC                                                      | CUSIP: 45344LAE3<br>LEI: 54930061FUL6DBLFUW14 | Long             | DBT              | CORP              | US        |    838000 | PA      | $815930.87    | 0.08%             | 2033-01-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Intercontinental Exchange, Inc.                      | SWAP/CDSWAP/ICE: (CDX.NA.HY.44.V1)                                               | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              |  | US        |  48925000 | OU      | $3974320.45   | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| Mavis Tire Express Services Corp.                    | Mavis Tire Express Services Corp 2025 Repriced Term Loan                         | CUSIP: 57777YAG1<br>LEI: 254900NVDM4GTLBL9E56 | Long             | LON              | CORP              | US        |    438402 | PA      | $438147.40    | 0.04%             | 2028-05-04      | Floating      | 7.20%                 | No            |                  2 | On Loan: No      |
| DANA INC                                             | Dana Inc                                                                         | CUSIP: 235825AJ5<br>LEI: KVWHW7YLZPFJM8QYNJ51 | Long             | DBT              | CORP              | US        |    178000 | PA      | $175269.66    | 0.02%             | 2032-02-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| NGPL PipeCo LLC                                      | NGPL PipeCo LLC                                                                  | CUSIP: 62912XAC8<br>LEI: 549300K3NT1HSQFEM073 | Long             | DBT              | CORP              | US        |   1117000 | PA      | $1288899.30   | 0.12%             | 2037-12-15      | Fixed         | 7.77%                 | No            |                  2 | On Loan: No      |
| LUMEN TECHNOLOGIES INC                               | Lumen Technologies Inc                                                           | CUSIP: 550241AB9<br>LEI: 8M3THTGWLTYZVE6BBY25 | Long             | DBT              | CORP              | US        |    368593 | PA      | $361398.07    | 0.03%             | 2029-04-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| MPT OPER PARTNERSP/FINL                              | MPT Operating Partnership LP / MPT Finance Corp                                  | CUSIP: 55342UAQ7<br>LEI: N/A                  | Long             | DBT              |  | US        |   1071000 | PA      | $1138003.90   | 0.11%             | 2032-02-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                                 | OneMain Finance Corp                                                             | CUSIP: 682691AL4<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    422000 | PA      | $427353.07    | 0.04%             | 2030-05-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| CHEMOURS CO                                          | Chemours Co/The                                                                  | CUSIP: 163851AF5<br>LEI: 549300M1BOLNXL8DOV14 | Long             | DBT              | CORP              | US        |    823000 | PA      | $802733.38    | 0.08%             | 2028-11-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Entegris Inc                                         | Entegris Inc 2023 Term Loan B                                                    | CUSIP: 29362LAM6<br>LEI: IYX6OWO7BT5DKO3BYG52 | Long             | LON              | CORP              | US        |     75393 | PA      | $75845.02     | 0.01%             | 2029-07-06      | Floating      | 5.91%                 | No            |                  2 | On Loan: No      |
| BRINK'S CO/THE                                       | Brink's Co/The                                                                   | CUSIP: 109696AD6<br>LEI: XFP140TFNOQMIVFTVQ13 | Long             | DBT              | CORP              | US        |    340000 | PA      | $353649.30    | 0.03%             | 2032-06-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ANGI GROUP LLC                                       | ANGI Group LLC                                                                   | CUSIP: 001846AA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    432000 | PA      | $406015.20    | 0.04%             | 2028-08-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| BAUSCH HEALTH COS INC                                | Bausch Health Cos Inc                                                            | CUSIP: 071734AQ0<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | DBT              | CORP              | CA        |   2071000 | PA      | $2153879.70   | 0.20%             | 2028-09-30      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| QUIKRETE HOLDINGS INC                                | Quikrete Holdings Inc 2025 Term Loan B1                                          | CUSIP: 74839XAM1<br>LEI: 5493007KIN86DIZWZT22 | Long             | LON              | CORP              | US        |    196771 | PA      | $196658.42    | 0.02%             | 2031-04-14      | Floating      | 6.41%                 | No            |                  2 | On Loan: No      |
| CABLEVISION LIGHTPATH                                | Cablevision Lightpath LLC                                                        | CUSIP: 12687GAA7<br>LEI: 5493002ZVBLRLGES1R71 | Long             | DBT              | CORP              | US        |    368000 | PA      | $357269.56    | 0.03%             | 2027-09-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| MAUSER PACKAGING SOLUT                               | Mauser Packaging Solutions Holding Co                                            | CUSIP: 57763RAC1<br>LEI: 549300DNGHXL0OMHW304 | Long             | DBT              | CORP              | US        |    207000 | PA      | $207473.62    | 0.02%             | 2027-04-15      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| EMRLD BOR / EMRLD CO-ISS                             | EMRLD Borrower LP / Emerald Co-Issuer Inc                                        | CUSIP: 000000000<br>LEI: 98450099EE3A0ZD5F786 | Long             | DBT              | CORP              | US        |    240000 | PA      | $294377.01    | 0.03%             | 2030-12-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Indonesia Government International Bonds             | Indonesia Government International Bonds                                         | CUSIP: 000000000<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        |    200000 | PA      | $186150.00    | 0.02%             | 2047-07-18      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| SAN MIGUEL GLOBAL POWER                              | San Miguel Global Power Holdings Corp                                            | CUSIP: 000000000<br>LEI: 549300HBCE80QXKII590 | Long             | DBT              | CORP              | PH        |    200000 | PA      | $205000.00    | 0.02%             | 2029-06-12      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| Packers Holdings LLC                                 | Packers Holdings LLC 2021 Term Loan                                              | CUSIP: 69519UAF9<br>LEI: 549300X0L6OJNRPME518 | Long             | LON              | CORP              | US        |    123254 | PA      | $38455.20     | 0.00%             | 2028-03-09      | Floating      | 7.66%                 | No            |                  2 | On Loan: No      |
| NOMURA SECURITIES INTERNATIONAL INC                  | RRP FORTREA HOL                                                                  | CUSIP: 000000000<br>LEI: OXTKY6Q8X53C9ILVV871 | Short            | RA               | CORP              | US        |    -89440 | PA      | $-89440.00    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| FORTUNE STAR BVI LTD                                 | Fortune Star BVI Ltd                                                             | CUSIP: 000000000<br>LEI: 2549008CU8NYQQRSNU62 | Long             | DBT              | CORP              | VG        |    200000 | PA      | $232339.93    | 0.02%             | 2026-10-02      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| SCOTTS MIRACLE-GRO CO                                | Scotts Miracle-Gro Co/The                                                        | CUSIP: 810186AW6<br>LEI: 2TH9E0JTOUXOEGI2R879 | Long             | DBT              | CORP              | US        |    187000 | PA      | $172659.61    | 0.02%             | 2032-02-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| ASHTON WOODS USA/FINANCE                             | Ashton Woods USA LLC / Ashton Woods Finance Co                                   | CUSIP: 045086AR6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    178000 | PA      | $179526.71    | 0.02%             | 2033-08-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| NEW GOLD INC                                         | New Gold Inc                                                                     | CUSIP: 644535AJ5<br>LEI: 5493005G0GNCHP0H6L96 | Long             | DBT              | CORP              | CA        |    409000 | PA      | $428396.01    | 0.04%             | 2032-04-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Nordea Bank Abp                                      | Nordea Bank Abp                                                                  | CUSIP: 65559CAA9<br>LEI: 529900ODI3047E2LIV03 | Long             | DBT              | CORP              | FI        |   5540000 | PA      | $5568752.60   | 0.52%             | 2026-03-26      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| Madison Park Funding Ltd                             | Madison Park Funding XLVIII Ltd                                                  | CUSIP: 55821UAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    900141 | PA      | $902708.91    | 0.08%             | 2033-04-19      | Floating      | 5.74%                 | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                  | RRP CLARIVATE S                                                                  | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |   -764525 | PA      | $-764525.00   | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| HEARTHSIDE EQUITY                                    | HEARTHSIDE EQUITY                                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1014 | NS      | $19447.51     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| UNITED AIRLINES INC                                  | United Airlines Inc                                                              | CUSIP: 90932LAH0<br>LEI: K1OQBWM7XEOO08LDNP29 | Long             | DBT              | CORP              | US        |    671000 | PA      | $660726.15    | 0.06%             | 2029-04-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS & CO LLC                               | RRP WYNN RESORT                                                                  | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | Short            | RA               | CORP              | US        |   -475150 | PA      | $-475150.00   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| WAND NEWCO 3 INC                                     | Wand NewCo 3 Inc 2025 Repriced Term Loan B                                       | CUSIP: 93369PAM6<br>LEI: 549300Y3VZEWMSQW8494 | Long             | LON              | CORP              | US        |    302987 | PA      | $301793.35    | 0.03%             | 2031-01-30      | Floating      | 6.66%                 | No            |                  2 | On Loan: No      |
| BAIDU INC                                            | Baidu Inc                                                                        | CUSIP: 056752AV0<br>LEI: 254900AL64IANZYI1E02 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $193654.00    | 0.02%             | 2027-02-23      | Fixed         | 1.63%                 | No            |                  2 | On Loan: No      |
| HOWDEN GROUP HOLDINGS LTD                            | Howden Group Holdings Ltd 2025 USD Term Loan B                                   | CUSIP: 000000000<br>LEI: 213800R6D9EVRN5D3117 | Long             | LON              | CORP              | LU        |    281607 | PA      | $281553.92    | 0.03%             | 2031-02-15      | Floating      | 6.91%                 | No            |                  2 | On Loan: No      |
| ROCKIES EXPRESS PIPELINE                             | Rockies Express Pipeline LLC                                                     | CUSIP: 77340RAM9<br>LEI: W2ZGZGZKY5GGNY6F3V51 | Long             | DBT              | CORP              | US        |    580000 | PA      | $596938.32    | 0.06%             | 2040-04-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| CROWN CASTLE INC                                     | Crown Castle Inc                                                                 | CUSIP: 22822VAQ4<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              |  | US        |    820000 | PA      | $648010.07    | 0.06%             | 2050-07-01      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| VERITIV OPERATING CO                                 | Veritiv Operating Co                                                             | CUSIP: 92339LAA0<br>LEI: 5493004G8OK5L1UTIY12 | Long             | DBT              | CORP              | US        |    216000 | PA      | $231817.24    | 0.02%             | 2030-11-30      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| NOMURA SECURITIES INTERNATIONAL INC                  | RRP ARDAGH META                                                                  | CUSIP: 000000000<br>LEI: OXTKY6Q8X53C9ILVV871 | Short            | RA               | CORP              | US        |   -714089 | PA      | $-714089.46   | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| SEALED AIR/SEALED AIR US                             | Sealed Air Corp/Sealed Air Corp US                                               | CUSIP: 812127AA6<br>LEI: Q0M0CZB4YN6JZ65WXI09 | Long             | DBT              | CORP              | US        |    121000 | PA      | $122671.25    | 0.01%             | 2028-02-01      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| GOODYEAR TIRE & RUBBER                               | Goodyear Tire & Rubber Co/The                                                    | CUSIP: 382550BK6<br>LEI: 5493002BI0S2ZQUY3437 | Long             | DBT              | CORP              | US        |     53000 | PA      | $49312.12     | 0.00%             | 2033-04-30      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| Signal Peak CLO, LLC                                 | Signal Peak CLO 8 Ltd                                                            | CUSIP: 826937AA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   6000000 | PA      | $6024808.20   | 0.56%             | 2037-10-20      | Floating      | 5.72%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                | RRP DISCOVERY C                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |  -2794382 | PA      | $-2794381.83  | -0.26%            |  |  |  | No            |                  2 | On Loan: No      |
| BlackRock Liquidity Funds                            | BlackRock Liquidity Funds: T-Fund, Institutional Shares                          | CUSIP: 09248U718<br>LEI: 5493007YVNX55LTRQ706 | Long             | STIV             | RF                | US        |   7118657 | NS      | $7118657.49   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| LES SCHWAB TIRE CENTERS                              | Les Schwab Tire Centers 2025 Term Loan B                                         | CUSIP: 50220KAD6<br>LEI: 549300GJM1TKHPYFPF83 | Long             | LON              | CORP              | US        |    129024 | PA      | $128621.85    | 0.01%             | 2031-04-23      | Floating      | 6.70%                 | No            |                  2 | On Loan: No      |
| NEW METRO GLOBAL LTD                                 | New Metro Global Ltd                                                             | CUSIP: 000000000<br>LEI: 549300HJRNTCANEH0D47 | Long             | DBT              | CORP              | VG        |    349000 | PA      | $336568.62    | 0.03%             | 2026-05-02      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Brown Group Holding LLC                              | Brown Group Holding LLC 2022 Incremental Term Loan B2                            | CUSIP: 11565HAD8<br>LEI: 25490094PF4HHK9QS109 | Long             | LON              | CORP              | US        |    183644 | PA      | $183943.49    | 0.02%             | 2031-07-01      | Floating      | 6.91%                 | No            |                  2 | On Loan: No      |
| Ellucian Holdings, Inc.                              | Ellucian Holdings Inc 2024 2nd Lien Term Loan                                    | CUSIP: 28917XAE0<br>LEI: 549300RP8NIJ7FY7OS79 | Long             | LON              | CORP              | US        |     71000 | PA      | $72478.93     | 0.01%             | 2032-11-22      | Floating      | 8.91%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                | RRP WILLIAMS CO                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |  -2877578 | PA      | $-2877577.50  | -0.27%            |  |  |  | No            |                  2 | On Loan: No      |
| General Motors Co                                    | General Motors Co                                                                | CUSIP: 37045VAF7<br>LEI: 54930070NSV60J38I987 | Long             | DBT              | CORP              | US        |    940000 | PA      | $955915.10    | 0.09%             | 2043-10-02      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| FWD GROUP HOLDINGS LTD                               | FWD Group Holdings Ltd                                                           | CUSIP: 000000000<br>LEI: 254900HEGGDS8WU5QZ97 | Long             | DBT              | CORP              | KY        |    475000 | PA      | $480678.63    | 0.04%             | 2035-09-22      | Fixed         | 5.84%                 | No            |                  2 | On Loan: No      |
| FRONTIER COMMUNICATIONS                              | Frontier Communications Holdings LLC                                             | CUSIP: 35906ABE7<br>LEI: 549300ZCZ76HYCS0H445 | Long             | DBT              | CORP              | US        |     68000 | PA      | $67958.93     | 0.01%             | 2027-10-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| CAMELOT FINANCE SA                                   | Camelot Finance SA                                                               | CUSIP: 13323AAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |    189000 | PA      | $188351.96    | 0.02%             | 2026-11-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| MITSUBISHI UFJ FIN GRP                               | Mitsubishi UFJ Financial Group Inc                                               | CUSIP: 606822DJ0<br>LEI: 353800V2V8PUY9TK3E06 | Long             | DBT              | CORP              | JP        |    400000 | PA      | $406640.00    | 0.04%             | 2031-04-24      | Floating      | 5.80%                 | No            |                  2 | On Loan: No      |
| SIGNATURE AVIATION US                                | Signature Aviation US Holdings Inc                                               | CUSIP: 05545MAC6<br>LEI: 213800CSNQ87U1MC8N11 | Long             | DBT              | CORP              | US        |    541000 | PA      | $503806.25    | 0.05%             | 2028-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SMYRNA READY MIX CONCRET                             | Smyrna Ready Mix Concrete LLC                                                    | CUSIP: 85236FAA1<br>LEI: 549300S7RFWHQFOIOY93 | Long             | DBT              | CORP              | US        |    245000 | PA      | $245077.91    | 0.02%             | 2028-11-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| GETTY IMAGES INC                                     | Getty Images Inc                                                                 | CUSIP: 374276AM5<br>LEI: 5493005NV20IG4VEKZ40 | Long             | DBT              | CORP              | US        |     57000 | PA      | $54431.01     | 0.01%             | 2030-02-21      | Fixed         | 11.25%                | No            |                  2 | On Loan: No      |
| XPLR INFRASTRUCTURE LP                               | XPLR Infrastructure LP                                                           | CUSIP: 65341BAD8<br>LEI: 5493008F4ZOQFNG3WN54 | Long             | DBT              | CORP              | US        |    816000 | PA      | $809880.00    | 0.08%             | 2025-11-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ARSENAL AIC PARENT LLC                               | Arsenal AIC Parent LLC                                                           | CUSIP: 04288BAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    268000 | PA      | $283757.60    | 0.03%             | 2030-10-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| SUMMIT ACQUISITION INC                               | Summit Acquisition Inc 2025 Add-on Term Loan                                     | CUSIP: 86600DAH7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     21000 | PA      | $21061.32     | 0.00%             | 2031-10-16      | Floating      | 7.66%                 | No            |                  2 | On Loan: No      |
| SPX FLOW INC                                         | SPX Flow Inc 2025 Term Loan                                                      | CUSIP: 78470DAW8<br>LEI: 5493003YXEKRBINIEM78 | Long             | LON              | CORP              | US        |    377098 | PA      | $378512.17    | 0.04%             | 2029-04-05      | Floating      | 6.91%                 | No            |                  2 | On Loan: No      |
| MPLX LP                                              | MPLX LP                                                                          | CUSIP: 55336VAT7<br>LEI: 5493000CZJ19CK4P3G36 | Long             | DBT              | CORP              | US        |   2640000 | PA      | $2457721.02   | 0.23%             | 2049-02-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BLUE OWL CAPITAL CORP                                | Blue Owl Capital Corp                                                            | CUSIP: 69121KAJ3<br>LEI: 2549000BD79OOCPF2L94 | Long             | DBT              | CORP              | US        |   4670000 | PA      | $4802167.91   | 0.45%             | 2030-07-15      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| RHP HOTEL PPTY/RHP FINAN                             | RHP Hotel Properties LP / RHP Finance Corp                                       | CUSIP: 749571AK1<br>LEI: N/A                  | Long             | DBT              |  | US        |   1044000 | PA      | $1073326.33   | 0.10%             | 2032-04-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| STANDARD CHARTERED PLC                               | Standard Chartered PLC                                                           | CUSIP: 000000000<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |    400000 | PA      | $428173.16    | 0.04%             | 2030-03-08      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| Virgin Media Bristol LLC                             | Virgin Media Bristol LLC 2020 USD Term Loan Q                                    | CUSIP: 000000000<br>LEI: 213800IQ982XX69LE276 | Long             | LON              | CORP              | US        |    225000 | PA      | $224784.00    | 0.02%             | 2029-01-31      | Floating      | 7.51%                 | No            |                  2 | On Loan: No      |
| MELCO RESORTS FINANCE                                | Melco Resorts Finance Ltd                                                        | CUSIP: 58547DAD1<br>LEI: 5493000FQDBWKDBZEF60 | Long             | DBT              | CORP              | KY        |    586000 | PA      | $572492.70    | 0.05%             | 2029-12-04      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Madison Park Funding Ltd                             | Madison Park Funding XXXVIII Ltd                                                 | CUSIP: 55821KAC0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1070000 | PA      | $1071549.04   | 0.10%             | 2034-07-17      | Floating      | 5.70%                 | No            |                  2 | On Loan: No      |
| SOTERA HEALTH HOLDINGS LLC                           | SOTERA HEALTH HOLDINGS LLC 2025 TERM LOAN B                                      | CUSIP: 83600VAH4<br>LEI: 549300OVT7MBXFLOFU20 | Long             | LON              | CORP              | US        |    273415 | PA      | $273529.65    | 0.03%             | 2031-05-30      | Floating      | 6.66%                 | No            |                  2 | On Loan: No      |
| Associated Materials Inc                             | Associated Materials Inc 2022 Term Loan B                                        | CUSIP: 88607CAB1<br>LEI: 254900KM84WNG9539P42 | Long             | LON              | CORP              | US        |     49831 | PA      | $45938.53     | 0.00%             | 2029-03-08      | Floating      | 10.16%                | No            |                  2 | On Loan: No      |
| FIVE POINT OPERATING CO                              | Five Point Operating Co LP                                                       | CUSIP: 33834YAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    109000 | PA      | $110610.07    | 0.01%             | 2030-10-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                  | RRP GLOBAL PAYM                                                                  | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |  -4115035 | PA      | $-4115035.00  | -0.38%            |  |  |  | No            |                  2 | On Loan: No      |
| TMK HAWK PARENT CORP                                 | TMK Hawk Parent Corp 2024 Term Loan B                                            | CUSIP: 87258WAV7<br>LEI: 5493005BF4TIZRN1TY89 | Long             | LON              | CORP              | US        |     72738 | PA      | $25640.26     | 0.00%             | 2029-06-30      | Floating      | 6.16%                 | No            |                  2 | On Loan: No      |
| KODIT GLOBAL 2023-1                                  | KODIT Global 2023-1 Co Ltd                                                       | CUSIP: 000000000<br>LEI: 988400A64LCQYEPSEO98 | Long             | DBT              | CORP              | KR        |    200000 | PA      | $200690.00    | 0.02%             | 2026-05-25      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Skopima Merger Sub Inc                               | Skopima Merger Sub Inc 2024 Repriced Term Loan                                   | CUSIP: 36171NAG1<br>LEI: 254900K3R60UMIODZD21 | Long             | LON              | CORP              | US        |    124162 | PA      | $104839.91    | 0.01%             | 2028-05-12      | Floating      | 7.91%                 | No            |                  2 | On Loan: No      |
| HCA Inc                                              | HCA Inc                                                                          | CUSIP: 404121AJ4<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    833000 | PA      | $859516.36    | 0.08%             | 2028-09-01      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| AMYNTA AGENCY BORROWER INC                           | Amynta Agency Borrower Inc 2025 Term Loan B                                      | CUSIP: 57810JAM0<br>LEI: 5493000GP6HBRVTWBO85 | Long             | LON              | CORP              | US        |    305118 | PA      | $303863.62    | 0.03%             | 2031-12-29      | Floating      | 6.91%                 | No            |                  2 | On Loan: No      |
| NEW FORTRESS ENERGY INC                              | New Fortress Energy Inc 2025 Incremental Term Loan B                             | CUSIP: 64439HAC3<br>LEI: 254900EICTYTCHA5X705 | Long             | LON              | CORP              | US        |         0 | PA      | $0.00         | 0.00%             | 2028-10-30      | Floating      | 9.57%                 | No            |                  2 | On Loan: No      |
| HAIDILAO INTERNATIONAL H                             | Haidilao International Holding Ltd                                               | CUSIP: 000000000<br>LEI: 3003009Q8GV4VNKZWI24 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $198504.00    | 0.02%             | 2026-01-14      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| Herschend Entertainment Company, LLC                 | Herschend Entertainment Company LLC 2025 Term Loan B                             | CUSIP: 42778EAG6<br>LEI: 54930087KQ7RPDXK0716 | Long             | LON              | CORP              | US        |    122692 | PA      | $123025.00    | 0.01%             | 2032-05-27      | Floating      | 7.41%                 | No            |                  2 | On Loan: No      |
| TENCENT HOLDINGS LTD                                 | Tencent Holdings Ltd                                                             | CUSIP: 88032XBB9<br>LEI: 254900N4SLUMW4XUYY11 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $171388.00    | 0.02%             | 2041-04-22      | Fixed         | 3.68%                 | No            |                  2 | On Loan: No      |
| EQUIPMENTSHARE.COM INC                               | EquipmentShare.com Inc                                                           | CUSIP: 29450YAC3<br>LEI: 254900PWJK48CGPKPI80 | Long             | DBT              | CORP              | US        |    180000 | PA      | $192373.56    | 0.02%             | 2033-03-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                   | Energy Transfer LP                                                               | CUSIP: 29273VAN0<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    121000 | PA      | $121451.33    | 0.01%             | 2026-11-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Perusahaan Penerbit SBSN Indonesia III               | Perusahaan Penerbit SBSN Indonesia III                                           | CUSIP: 71567RAU0<br>LEI: 254900G208H6Q0L5B953 | Long             | DBT              | NUSS              | ID        |    200000 | PA      | $200875.00    | 0.02%             | 2027-06-06      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Calpine Corporation                                  | Calpine Corporation 2024 Term Loan B10                                           | CUSIP: 13134MBW2<br>LEI: 43R4VPJBXTU2O15HEF41 | Long             | LON              | CORP              | US        |    103600 | PA      | $103477.75    | 0.01%             | 2031-01-31      | Floating      | 5.91%                 | No            |                  2 | On Loan: No      |
| CIFC Funding Ltd                                     | CIFC Funding 2014-II-R Ltd                                                       | CUSIP: 12548RAH7<br>LEI: 549300O8WGQU5B6HEB94 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1002963.00   | 0.09%             | 2037-10-24      | Floating      | 5.68%                 | No            |                  2 | On Loan: No      |
| Carlyle Global Market Strategies                     | CARLYLE US CLO 2021-11 LTD                                                       | CUSIP: 143122AJ8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $2007226.00   | 0.19%             | 2037-07-25      | Floating      | 5.73%                 | No            |                  2 | On Loan: No      |
| Caesars Entertainment Inc                            | Caesars Entertainment Inc Term Loan B                                            | CUSIP: 12768EAG1<br>LEI: 549300FA4CTCW903Y781 | Long             | LON              | CORP              | US        |    114100 | PA      | $113713.20    | 0.01%             | 2030-02-06      | Floating      | 6.41%                 | No            |                  2 | On Loan: No      |
| NEW HOME CO INC/THE                                  | New Home Co Inc/The                                                              | CUSIP: 645370AF4<br>LEI: 549300PLCE8TB3TVRQ85 | Long             | DBT              | CORP              | US        |    324000 | PA      | $340211.02    | 0.03%             | 2029-10-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| Weber-Stephen Products LLC                           | Weber-Stephen Products LLC Term Loan B                                           | CUSIP: 94767KAN1<br>LEI: 549300XU8TJBBGLK8V26 | Long             | LON              | CORP              | US        |    125796 | PA      | $124380.50    | 0.01%             | 2027-10-30      | Floating      | 7.53%                 | No            |                  2 | On Loan: No      |
| MADISON IAQ LLC                                      | Madison IAQ LLC                                                                  | CUSIP: 55760LAB3<br>LEI: 549300IXDNBXNHUPBU73 | Long             | DBT              | CORP              | US        |    939000 | PA      | $927638.32    | 0.09%             | 2029-06-30      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| GENESIS ENERGY LP/FIN                                | Genesis Energy LP / Genesis Energy Finance Corp                                  | CUSIP: 37185LAR3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    108000 | PA      | $112962.49    | 0.01%             | 2033-05-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Live Nation Entertainment Inc                        | Live Nation Entertainment Inc Term Loan B4                                       | CUSIP: 53803HAM2<br>LEI: 5493007B9BM9ZXJINO78 | Long             | LON              | CORP              | US        |    213625 | PA      | $213157.53    | 0.02%             | 2026-10-19      | Floating      | 5.99%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUE                                | Venture Global Plaquemines LNG LLC                                               | CUSIP: 922966AD8<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |   1205000 | PA      | $1279923.29   | 0.12%             | 2036-01-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                                         | UBS Group AG                                                                     | CUSIP: 902613BE7<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |   4807000 | PA      | $5724497.67   | 0.54%             | 2033-11-13      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| SF HLDNG INVESTMENT 2021                             | SF Holding Investment 2021 Ltd                                                   | CUSIP: 000000000<br>LEI: 655600V9A105VPU0VS17 | Long             | DBT              | CORP              | VG        |    200000 | PA      | $195936.00    | 0.02%             | 2026-11-17      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| OPTION CARE HEALTH INC                               | OPTION CARE HEALTH INC 2025 TERM LOAN B                                          | CUSIP: 68404YAD6<br>LEI: 549300DI3Q5ACSYJRI17 | Long             | LON              | CORP              | US        |    211128 | PA      | $210775.35    | 0.02%             | 2032-09-16      | Floating      | 5.89%                 | No            |                  2 | On Loan: No      |
| HalseyPoint CLO Ltd.                                 | HalseyPoint CLO 4 Ltd                                                            | CUSIP: 40637LAA8<br>LEI: 549300CMJUK1VCINNF57 | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $2002940.00   | 0.19%             | 2034-04-20      | Floating      | 5.81%                 | No            |                  2 | On Loan: No      |
| AMERICAN AXLE & MFG INC                              | American Axle & Manufacturing Inc                                                | CUSIP: 02406PBD1<br>LEI: RY5TAKFOBLDUGX31MS24 | Long             | DBT              | CORP              | US        |    203000 | PA      | $204582.52    | 0.02%             | 2033-10-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                | RRP KINDER MORG                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |  -5142052 | PA      | $-5142052.50  | -0.48%            |  |  |  | No            |                  2 | On Loan: No      |
| NOMURA SECURITIES INTERNATIONAL INC                  | RRP LIFEPOINT H                                                                  | CUSIP: 000000000<br>LEI: OXTKY6Q8X53C9ILVV871 | Short            | RA               | CORP              | US        |   -721792 | PA      | $-721792.50   | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| Elmwood CLO 37 Ltd                                   | Elmwood CLO 37 Ltd                                                               | CUSIP: 29004UAJ7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1004512.70   | 0.09%             | 2038-01-17      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| ARDAGH PKG FIN/HLDGS USA                             | Ardagh Packaging Finance PLC / Ardagh Holdings USA Inc                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    304000 | PA      | $347071.69    | 0.03%             | 2026-08-15      | Fixed         | 2.13%                 | No            |                  2 | On Loan: No      |
| OPTION CARE HEALTH INC                               | Option Care Health Inc                                                           | CUSIP: 68404LAA0<br>LEI: 549300DI3Q5ACSYJRI17 | Long             | DBT              | CORP              | US        |    461000 | PA      | $444595.55    | 0.04%             | 2029-10-31      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| INTERPUBLIC GROUP COS                                | Interpublic Group of Cos Inc/The                                                 | CUSIP: 460690BQ2<br>LEI: 5493008IUOJ5VWTRC333 | Long             | DBT              | CORP              | US        |   2215000 | PA      | $2066640.94   | 0.19%             | 2048-10-01      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                                       | NRG Energy Inc                                                                   | CUSIP: 629377CY6<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    555000 | PA      | $555664.02    | 0.05%             | 2029-07-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Golub Capital Partners CLO, LTD                      | Golub Capital Partners CLO 58B-R Ltd                                             | CUSIP: 38181NAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1003098.30   | 0.09%             | 2037-10-25      | Floating      | 5.51%                 | No            |                  2 | On Loan: No      |
| HDFC BANK LTD                                        | HDFC Bank Ltd                                                                    | CUSIP: 000000000<br>LEI: 335800ZQ6I4E2JXENC50 | Long             | DBT              | CORP              | IN        |    200000 | PA      | $196400.00    | 0.02%             | 2026-08-25      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| LCPR SR SECURED FIN DAC                              | LCPR Senior Secured Financing DAC                                                | CUSIP: 50201DAA1<br>LEI: 549300LE5FM8IKMXSP90 | Long             | DBT              | CORP              | IE        |    593000 | PA      | $355067.47    | 0.03%             | 2027-10-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CoreLogic Inc                                        | CoreLogic Inc 2nd Lien Term Loan                                                 | CUSIP: 000000000<br>LEI: 54930086CD8K2UIL0516 | Long             | LON              | CORP              | US        |     90000 | PA      | $89297.10     | 0.01%             | 2029-06-04      | Floating      | 10.78%                | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS & CO LLC                               | RRP BOEING CO 5                                                                  | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | Short            | RA               | CORP              | US        |  -1912500 | PA      | $-1912500.00  | -0.18%            |  |  |  | No            |                  2 | On Loan: No      |
| PENNYMAC FIN SVCS INC                                | PennyMac Financial Services Inc                                                  | CUSIP: 70932MAG2<br>LEI: 549300W1D516HBDEU871 | Long             | DBT              | CORP              | US        |    262000 | PA      | $271483.62    | 0.03%             | 2032-05-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Ring Container Technologies Group, LLC               | RING CONTAINR TECHNO GROUP LLC 2025 TERM LOAN B                                  | CUSIP: 76680YAJ1<br>LEI: 254900MFUG4RPN6Y4A98 | Long             | LON              | CORP              | US        |     69000 | PA      | $68862.00     | 0.01%             | 2032-09-15      | Floating      | 6.66%                 | No            |                  2 | On Loan: No      |
| ABG Intermediate Holdings 2 LLC                      | ABG Intermediate Holdings 2 LLC 2024 1st Lien Term Loan B                        | CUSIP: 00076VBL3<br>LEI: 54930020NXD0RJB64985 | Long             | LON              | CORP              | US        |    175545 | PA      | $175077.80    | 0.02%             | 2028-12-21      | Floating      | 6.41%                 | No            |                  2 | On Loan: No      |
| CK HUTCHISON INTL 23                                 | CK Hutchison International 23 Ltd                                                | CUSIP: 000000000<br>LEI: 2549003AJI1YI8883K46 | Long             | DBT              | CORP              | KY        |    400000 | PA      | $405112.16    | 0.04%             | 2028-04-21      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Froneri Lux Finco Sarl                               | Froneri Lux Finco Sarl 2024 USD Term Loan B4                                     | CUSIP: 000000000<br>LEI: 9845005YBZ75E5AA3B94 | Long             | LON              | CORP              | US        |    439351 | PA      | $435783.08    | 0.04%             | 2031-09-30      | Floating      | 6.20%                 | No            |                  2 | On Loan: No      |
| Neuberger Berman CLO Ltd                             | Neuberger Berman Loan Advisers CLO 46 Ltd                                        | CUSIP: 64134QAL1<br>LEI: 549300LCOEVXWN75LP18 | Long             | ABS-CBDO         | CORP              | KY        |   1450000 | PA      | $1447883.29   | 0.14%             | 2037-01-20      | Floating      | 5.83%                 | No            |                  2 | On Loan: No      |
| FREEDOM MORTGAGE HOLD                                | Freedom Mortgage Holdings LLC                                                    | CUSIP: 35641AAC2<br>LEI: 254900ROJ91RGM43S156 | Long             | DBT              | CORP              | US        |    245000 | PA      | $256796.75    | 0.02%             | 2032-04-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| RYAN SPECIALTY GROUP                                 | Ryan Specialty LLC                                                               | CUSIP: 78351MAA0<br>LEI: 549300K52N7QBO3PYY45 | Long             | DBT              | CORP              | US        |    226000 | PA      | $218968.03    | 0.02%             | 2030-02-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                               | US ULTRA BOND CBT DEC25                                                          | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |      -161 | NC      | $-527634.48   | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| UNIVISION COMMUNICATIONS                             | Univision Communications Inc                                                     | CUSIP: 914906AY8<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |   1110000 | PA      | $1150204.20   | 0.11%             | 2028-08-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| GGAM FINANCE LTD                                     | GGAM Finance Ltd                                                                 | CUSIP: 36170JAA4<br>LEI: 254900X2QXEN0FVXRF65 | Long             | DBT              | CORP              | KY        |    202000 | PA      | $213807.71    | 0.02%             | 2028-06-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                   | Energy Transfer LP                                                               | CUSIP: 29278NAN3<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    406000 | PA      | $413040.08    | 0.04%             | 2027-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Constellation Renewables, LLC                        | Constellation Renewables LLC 2020 Term Loan                                      | CUSIP: 30204KAD8<br>LEI: 5493004JBPWTPTK8LB51 | Long             | LON              | CORP              | US        |    123287 | PA      | $122979.02    | 0.01%             | 2027-12-15      | Floating      | 6.45%                 | No            |                  2 | On Loan: No      |
| WAND NEWCO 3 INC                                     | Wand NewCo 3 Inc                                                                 | CUSIP: 933940AA6<br>LEI: 549300Y3VZEWMSQW8494 | Long             | DBT              | CORP              | US        |    720000 | PA      | $758606.40    | 0.07%             | 2032-01-30      | Fixed         | 7.63%                 | No            |                  2 | On Loan: No      |
| Marathon CLO LTD                                     | Marathon CLO 2020-15 Ltd                                                         | CUSIP: 56579UBL9<br>LEI: 549300T57AS4PEWI4U14 | Long             | ABS-CBDO         | CORP              | KY        |   1500000 | PA      | $1504067.40   | 0.14%             | 2037-08-15      | Floating      | 7.41%                 | No            |                  2 | On Loan: No      |
| KODIAK GAS SERVICES LLC                              | Kodiak Gas Services LLC                                                          | CUSIP: 50012LAD6<br>LEI: 549300ZQBRWEUOVOM131 | Long             | DBT              | CORP              | US        |    408000 | PA      | $415415.74    | 0.04%             | 2033-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| RESIDEO FUNDING INC                                  | Resideo Funding Inc 2025 Incremental Term Loan                                   | CUSIP: 76090LAM6<br>LEI: 5493000IFJ6XJKH66598 | Long             | LON              | CORP              | US        |    140000 | PA      | $139913.20    | 0.01%             | 2032-08-13      | Floating      | 6.04%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                        | TransDigm Inc                                                                    | CUSIP: 893647BZ9<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |    250000 | PA      | $257104.75    | 0.02%             | 2034-01-31      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| REWORLD HOLDING CORP                                 | Reworld Holding Corp                                                             | CUSIP: 22303XAA3<br>LEI: 40XIFLS8XDQGGHGPGC04 | Long             | DBT              | CORP              | US        |    142000 | PA      | $133546.41    | 0.01%             | 2029-12-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Power Finance Corp Ltd                               | Power Finance Corp Ltd                                                           | CUSIP: 000000000<br>LEI: 3358003Q6D9LIJJZ1614 | Long             | DBT              | CORP              | IN        |    200000 | PA      | $197262.00    | 0.02%             | 2027-12-06      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| QUIDELORTHO CORP                                     | QUIDELORTHO CORP TERM LOAN                                                       | CUSIP: 74840YAH7<br>LEI: 549300YU8CMO9HF53113 | Long             | LON              | CORP              | US        |    100000 | PA      | $99417.00     | 0.01%             | 2032-08-20      | Floating      | 8.00%                 | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                  | RRP VERIZON COM                                                                  | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |  -9984281 | PA      | $-9984281.25  | -0.93%            |  |  |  | No            |                  2 | On Loan: No      |
| Endo Luxembourg Finance Company I S.a r.l.           | Endo Luxembourg Finance Company I Sa rl 2024 1st Lien Term Loan                  | CUSIP: 29280UAD5<br>LEI: 222100B15VY0VVCTG251 | Long             | LON              | CORP              | US        |     85000 | PA      | $85124.10     | 0.01%             | 2031-04-23      | Floating      | 8.17%                 | No            |                  2 | On Loan: No      |
| Clydesdale Acquisition Holdings Inc                  | Clydesdale Acquisition Holdings Inc Term Loan B                                  | CUSIP: 18972FAC6<br>LEI: 254900QKSDYFR3K5YD98 | Long             | LON              | CORP              | US        |     25000 | PA      | $24957.75     | 0.00%             | 2029-04-13      | Floating      | 7.34%                 | No            |                  2 | On Loan: No      |
| DIG INTL FIN/DIFL US LLC                             | Digicel International Finance Ltd / Difl US LLC                                  | CUSIP: 25381MAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |   1261000 | PA      | $1293722.95   | 0.12%             | 2032-08-01      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| Element Solutions Inc                                | Element Solutions Inc 2023 Term Loan B                                           | CUSIP: 72766TAH2<br>LEI: 549300FLGN6P5CU20J91 | Long             | LON              | CORP              | US        |    196836 | PA      | $197903.01    | 0.02%             | 2030-12-18      | Floating      | 5.91%                 | No            |                  2 | On Loan: No      |
| MITCHELL INTERNATIONAL INC                           | Mitchell International Inc 2024 2nd Lien Term Loan                               | CUSIP: 60662WAZ5<br>LEI: 5493002RDNIGEM7SSV41 | Long             | LON              | CORP              | US        |     46000 | PA      | $45402.00     | 0.00%             | 2032-06-17      | Floating      | 9.41%                 | No            |                  2 | On Loan: No      |
| CSC Holdings LLC                                     | CSC Holdings LLC 2019 Term Loan B5                                               | CUSIP: 64072UAK8<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | LON              | CORP              | US        |    358390 | PA      | $346405.42    | 0.03%             | 2027-04-15      | Floating      | 8.75%                 | No            |                  2 | On Loan: No      |
| CORELOGIC INC                                        | CoreLogic Inc                                                                    | CUSIP: 21871DAD5<br>LEI: 54930086CD8K2UIL0516 | Long             | DBT              | CORP              | US        |   1488000 | PA      | $1442768.07   | 0.13%             | 2028-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| BARCLAYS CAPITAL INC                                 | RRP TENCENT HOL                                                                  | CUSIP: 000000000<br>LEI: AC28XWWI3WIBK2824319 | Short            | RA               | CORP              | US        |   -154153 | PA      | $-154153.23   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| NOMURA SECURITIES INTERNATIONAL INC                  | RRP SABRE GLBL                                                                   | CUSIP: 000000000<br>LEI: OXTKY6Q8X53C9ILVV871 | Short            | RA               | CORP              | US        |    -68224 | PA      | $-68223.75    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| TAKEDA PHARMACEUTICAL                                | Takeda Pharmaceutical Co Ltd                                                     | CUSIP: 874060AX4<br>LEI: 549300ZLMVP4X0OGR454 | Long             | DBT              | CORP              | JP        |   8270000 | PA      | $7510574.83   | 0.70%             | 2030-03-31      | Fixed         | 2.05%                 | No            |                  2 | On Loan: No      |
| MITSUBISHI UFJ FIN GRP                               | Mitsubishi UFJ Financial Group Inc                                               | CUSIP: 606822DP6<br>LEI: 353800V2V8PUY9TK3E06 | Long             | DBT              | CORP              | JP        |    400000 | PA      | $408340.40    | 0.04%             | 2036-01-15      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| Indonesia Government International Bonds             | Indonesia Government International Bonds                                         | CUSIP: 455780DN3<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        |    250000 | PA      | $250937.50    | 0.02%             | 2032-09-20      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| WHIRLPOOL CORP                                       | Whirlpool Corp                                                                   | CUSIP: 963320BE5<br>LEI: WHENKOULSSK7WUM60H03 | Long             | DBT              | CORP              | US        |    182000 | PA      | $181625.30    | 0.02%             | 2033-06-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Aimco                                                | Aimco CLO 14 Ltd                                                                 | CUSIP: 00144GAC5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3000000 | PA      | $3000091.50   | 0.28%             | 2034-04-20      | Floating      | 5.58%                 | No            |                  2 | On Loan: No      |
| NORTHROP GRUMMAN CORP                                | Northrop Grumman Corp                                                            | CUSIP: 666807BU5<br>LEI: RIMU48P07456QXSO0R61 | Long             | DBT              | CORP              | US        |   3050000 | PA      | $2937048.53   | 0.27%             | 2050-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| JetBlue Airways Corporation                          | JetBlue Airways Corporation 2024 Term Loan B                                     | CUSIP: 000000000<br>LEI: 54930070J9H97ZO93T57 | Long             | LON              | CORP              | US        |    150905 | PA      | $144491.19    | 0.01%             | 2029-08-27      | Floating      | 8.75%                 | No            |                  2 | On Loan: No      |
| STANDARD CHARTERED PLC                               | Standard Chartered PLC                                                           | CUSIP: 000000000<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $214484.00    | 0.02%             | 2035-01-11      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| SEALED AIR CORP                                      | Sealed Air Corp                                                                  | CUSIP: 81211KAY6<br>LEI: Q0M0CZB4YN6JZ65WXI09 | Long             | DBT              | CORP              | US        |    205000 | PA      | $201185.12    | 0.02%             | 2027-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BARCLAYS CAPITAL INC                                 | RRP BANK OF AME                                                                  | CUSIP: 000000000<br>LEI: AC28XWWI3WIBK2824319 | Short            | RA               | CORP              | US        |  -3109312 | PA      | $-3109312.50  | -0.29%            |  |  |  | No            |                  2 | On Loan: No      |
| AMERIGAS PART/FIN CORP                               | AmeriGas Partners LP / AmeriGas Finance Corp                                     | CUSIP: 030981AP9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    161000 | PA      | $168547.42    | 0.02%             | 2030-06-01      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| USA COM PART/USA COM FIN                             | USA Compression Partners LP / USA Compression Finance Corp                       | CUSIP: 91740PAF5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    473000 | PA      | $472893.58    | 0.04%             | 2027-09-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| TransDigm Inc                                        | TransDigm Inc 2023 Term Loan J                                                   | CUSIP: 89364MCA0<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | LON              | CORP              | US        |    683282 | PA      | $682837.51    | 0.06%             | 2031-02-28      | Floating      | 6.50%                 | No            |                  2 | On Loan: No      |
| ONEOK INC                                            | ONEOK Inc                                                                        | CUSIP: 682680CL5<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |     35000 | PA      | $35118.29     | 0.00%             | 2026-07-15      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| CLARIOS GLOBAL LP                                    | Clarios Global LP 2024 USD Term Loan B                                           | CUSIP: 000000000<br>LEI: 549300474L1ZLXZY2P98 | Long             | LON              | CORP              | US        |    462758 | PA      | $462323.09    | 0.04%             | 2030-05-06      | Floating      | 6.66%                 | No            |                  2 | On Loan: No      |
| PARK INTERMED HOLDINGS                               | Park Intermediate Holdings LLC / PK Domestic Property LLC / PK Finance Co-Issuer | CUSIP: 70052LAD5<br>LEI: N/A                  | Long             | DBT              |  | US        |    315000 | PA      | $324731.61    | 0.03%             | 2030-02-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| HKT Capital No 4 Ltd                                 | HKT Capital No 4 Ltd                                                             | CUSIP: 000000000<br>LEI: 254900MLP05EG5KFTB45 | Long             | DBT              | CORP              | VG        |    200000 | PA      | $198064.00    | 0.02%             | 2026-07-14      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| BELRON FINANCE 2019 LLC                              | Belron Finance 2019 LLC 2025 Repriced Term Loan B                                | CUSIP: 08078UAN3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    484122 | PA      | $486242.82    | 0.05%             | 2031-10-16      | Floating      | 6.74%                 | No            |                  2 | On Loan: No      |
| CHOBANI HOLDCO II LLC                                | Chobani Holdco II LLC                                                            | CUSIP: 169918AA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1897406 | PA      | $2010758.93   | 0.19%             | 2029-10-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| AXALTA COATING SYSTEMS D                             | Axalta Coating Systems Dutch Holding B BV                                        | CUSIP: 05455JAA5<br>LEI: 5493007DMEBZH3CQ5E51 | Long             | DBT              | CORP              | NL        |    534000 | PA      | $558681.21    | 0.05%             | 2031-02-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| CVS Health Corp                                      | CVS Health Corp                                                                  | CUSIP: 126650CZ1<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |   8205000 | PA      | $7300296.52   | 0.68%             | 2048-03-25      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                | RRP ENTERPRISE                                                                   | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |  -4521719 | PA      | $-4521718.75  | -0.42%            |  |  |  | No            |                  2 | On Loan: No      |
| Bleriot US Bidco Inc                                 | Bleriot US Bidco Inc 2023 Term Loan B                                            | CUSIP: 09353TAJ9<br>LEI: 254900ALCQ2A2VYD5Z08 | Long             | LON              | CORP              | US        |    139656 | PA      | $139618.53    | 0.01%             | 2030-10-31      | Floating      | 6.50%                 | No            |                  2 | On Loan: No      |
| GENESIS ENERGY LP/FIN                                | Genesis Energy LP / Genesis Energy Finance Corp                                  | CUSIP: 37185LAL6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    393000 | PA      | $395768.29    | 0.04%             | 2028-02-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| RBC CAPITAL MARKETS LLC                              | RRP VICI PROPER                                                                  | CUSIP: 000000000<br>LEI: 549300LCO2FLSSVFFR64 | Short            | RA               | CORP              | US        |  -3040631 | PA      | $-3040631.25  | -0.28%            |  |  |  | No            |                  2 | On Loan: No      |
| LIFEPOINT HEALTH INC                                 | LifePoint Health Inc                                                             | CUSIP: 53219LAW9<br>LEI: 549300G8ZVHRTBBBSZ90 | Long             | DBT              | CORP              | US        |    741000 | PA      | $816698.34    | 0.08%             | 2030-10-15      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| ZEBRA TECHNOLOGIES CORP                              | Zebra Technologies Corp                                                          | CUSIP: 989207AD7<br>LEI: PO0I32GKZ3HZMMDPZZ08 | Long             | DBT              | CORP              | US        |    166000 | PA      | $170494.62    | 0.02%             | 2032-06-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| DISH DBS CORP                                        | DISH DBS Corp                                                                    | CUSIP: 25470XBE4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1339000 | PA      | $1315693.77   | 0.12%             | 2026-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CLEVELAND-CLIFFS INC                                 | Cleveland-Cliffs Inc                                                             | CUSIP: 185899AQ4<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |    486000 | PA      | $495266.08    | 0.05%             | 2029-11-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| GATES GLOBAL LLC                                     | Gates Global LLC 2024 Term Loan B5                                               | CUSIP: 36740UAY8<br>LEI: 984500F43C791F4C7894 | Long             | LON              | CORP              | US        |    324101 | PA      | $323507.43    | 0.03%             | 2031-06-04      | Floating      | 5.91%                 | No            |                  2 | On Loan: No      |
| Discovery Purchaser Corporation                      | Discovery Purchaser Corporation Term Loan                                        | CUSIP: 25471NAC0<br>LEI: 2549001LSO1ZBIPA5D65 | Long             | LON              | CORP              | US        |     42910 | PA      | $42659.94     | 0.00%             | 2029-10-04      | Floating      | 8.08%                 | No            |                  2 | On Loan: No      |
| Pike Corporation                                     | Pike Corporation 2021 Incremental Term Loan B                                    | CUSIP: 72108PAR5<br>LEI: 549300P4EKEP6HK0NC58 | Long             | LON              | CORP              | US        |    124491 | PA      | $125096.10    | 0.01%             | 2028-01-21      | Floating      | 7.28%                 | No            |                  2 | On Loan: No      |
| Octagon Investment Partners XVII LTD                 | Octagon Investment Partners XVII Ltd                                             | CUSIP: 67590GBL2<br>LEI: 54930007Y57X4ONHQV20 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1001800.00   | 0.09%             | 2031-01-25      | Floating      | 5.98%                 | No            |                  2 | On Loan: No      |
| ANTERO MIDSTREAM PART/FI                             | Antero Midstream Partners LP / Antero Midstream Finance Corp                     | CUSIP: 03690AAF3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    127000 | PA      | $126751.35    | 0.01%             | 2028-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                  | RRP CRESCENT EN                                                                  | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |   -191580 | PA      | $-191580.00   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                        | Citigroup Inc                                                                    | CUSIP: 17327CAR4<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   2740000 | PA      | $2915396.99   | 0.27%             | 2034-05-25      | Fixed         | 6.17%                 | No            |                  2 | On Loan: No      |
| Standard Industries Inc                              | Standard Industries Inc 2021 Term Loan B                                         | CUSIP: 85350EAB2<br>LEI: 54930064UHXCIUWVI755 | Long             | LON              | CORP              | US        |     23751 | PA      | $23775.49     | 0.00%             | 2028-09-22      | Floating      | 5.89%                 | No            |                  2 | On Loan: No      |
| MOTHERSON GLOBAL INVSTMT                             | Motherson Global Investments BV                                                  | CUSIP: 000000000<br>LEI: 549300IC3G64XN1ETG11 | Long             | DBT              | CORP              | NL        |    275000 | PA      | $280241.50    | 0.03%             | 2029-07-11      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| STONEPEAK NILE PARENT LLC                            | STONEPEAK NILE PARENT LLC TERM LOAN                                              | CUSIP: 86184XAD6<br>LEI: 254900TJV3VAFZD0GU41 | Long             | LON              | CORP              | US        |     68000 | PA      | $67915.00     | 0.01%             | 2032-04-09      | Floating      | 6.40%                 | No            |                  2 | On Loan: No      |
| OPAL BIDCO SAS                                       | OPAL BIDCO                                                                       | CUSIP: 68348BAA1<br>LEI: 969500R96XT7XY2UJ564 | Long             | DBT              | CORP              | FR        |    417000 | PA      | $427319.08    | 0.04%             | 2032-03-31      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| WATCO COS LLC/FINANCE CO                             | Watco Cos LLC / Watco Finance Corp                                               | CUSIP: 941130AD8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    289000 | PA      | $299135.26    | 0.03%             | 2032-08-01      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| VITAL ENERGY INC                                     | Vital Energy Inc                                                                 | CUSIP: 516806AH9<br>LEI: 549300X0PTWU2QSLSL14 | Long             | DBT              | CORP              | US        |    154000 | PA      | $152507.74    | 0.01%             | 2029-07-31      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| DANA INC                                             | Dana Inc                                                                         | CUSIP: 235825AH9<br>LEI: KVWHW7YLZPFJM8QYNJ51 | Long             | DBT              | CORP              | US        |    117000 | PA      | $115870.07    | 0.01%             | 2030-09-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| ICON Luxembourg Sarl                                 | ICON Luxembourg SARL 2024 LUX Term Loan B                                        | CUSIP: 000000000<br>LEI: 635400PUWMHSPI2DDA35 | Long             | LON              | CORP              | LU        |     55796 | PA      | $55749.79     | 0.01%             | 2028-07-03      | Floating      | 6.00%                 | No            |                  2 | On Loan: No      |
| QNITY ELECTRONICS INC                                | Qnity Electronics Inc                                                            | CUSIP: 74743LAB6<br>LEI: 254900RSUG4J9TFFZX53 | Long             | DBT              | CORP              | US        |    279000 | PA      | $284910.89    | 0.03%             | 2033-08-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| WMG ACQUISITION CORP                                 | WMG Acquisition Corp 2024 Term Loan J                                            | CUSIP: 92929LBA5<br>LEI: 549300NAS11NXI33CP80 | Long             | LON              | CORP              | US        |    438000 | PA      | $438275.94    | 0.04%             | 2031-01-24      | Floating      | 5.95%                 | No            |                  2 | On Loan: No      |
| Titan Acquisition Limited                            | Titan Acquisition Limited 2024 Term Loan B                                       | CUSIP: 000000000<br>LEI: 5493003ZDHRVP2N4C109 | Long             | LON              | CORP              | CA        |    547452 | PA      | $548514.36    | 0.05%             | 2029-02-15      | Floating      | 7.92%                 | No            |                  2 | On Loan: No      |
| ASTON MARTIN CAPITAL HOL                             | Aston Martin Capital Holdings Ltd                                                | CUSIP: 04625HAJ8<br>LEI: 213800H4GKEF3CJ8C774 | Long             | DBT              | CORP              | JE        |    218000 | PA      | $213434.16    | 0.02%             | 2029-03-31      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| PERTAMINA HULU ENERGI PT                             | Pertamina Hulu Energi PT                                                         | CUSIP: 74449AAA9<br>LEI: 2549003IT1KDHL64C037 | Long             | DBT              | CORP              | ID        |    300000 | PA      | $306127.50    | 0.03%             | 2030-05-21      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Realtruck Group Inc                                  | RealTruck Group Inc 2023 Incremental Term Loan                                   | CUSIP: 89778PAH0<br>LEI: 54930007KT5CX7XNSD31 | Long             | LON              | CORP              | US        |     58554 | PA      | $54382.19     | 0.01%             | 2028-01-31      | Floating      | 9.28%                 | No            |                  2 | On Loan: No      |
| SENSATA TECHNOLOGIES INC                             | Sensata Technologies Inc                                                         | CUSIP: 81728UAC8<br>LEI: 5493002MMDDCUNV7NY90 | Long             | DBT              | CORP              | US        |    612000 | PA      | $633284.14    | 0.06%             | 2032-07-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| MIDCAP FINANCIAL ISSR TR                             | Midcap Financial Issuer Trust                                                    | CUSIP: 59567LAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $198630.20    | 0.02%             | 2028-05-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| USI Inc                                              | USI Inc 2024 Term Loan C                                                         | CUSIP: 90351NAQ8<br>LEI: 2549006D7UF7072T7I27 | Long             | LON              | CORP              | US        |    258399 | PA      | $257985.65    | 0.02%             | 2030-09-29      | Floating      | 6.25%                 | No            |                  2 | On Loan: No      |
| BARCLAYS CAPITAL INC                                 | RRP QUALCOMM IN                                                                  | CUSIP: 000000000<br>LEI: AC28XWWI3WIBK2824319 | Short            | RA               | CORP              | US        |  -2056250 | PA      | $-2056250.00  | -0.19%            |  |  |  | No            |                  2 | On Loan: No      |
| SOTERA HEALTH HLDGS LLC                              | Sotera Health Holdings LLC                                                       | CUSIP: 83600WAE9<br>LEI: 549300OVT7MBXFLOFU20 | Long             | DBT              | CORP              | US        |    279000 | PA      | $292955.02    | 0.03%             | 2031-06-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| HUB INTERNATIONAL LTD                                | HUB International Ltd                                                            | CUSIP: 44332PAJ0<br>LEI: 549300JQT6ATTUNS5E06 | Long             | DBT              | CORP              | US        |   5400000 | PA      | $5623230.60   | 0.53%             | 2032-01-31      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                | RRP PARAMOUNT G                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |  -1096875 | PA      | $-1096875.00  | -0.10%            |  |  |  | No            |                  2 | On Loan: No      |
| AthenaHealth Group Inc                               | Athenahealth Group Inc 2022 Term Loan B                                          | CUSIP: 04686RAB9<br>LEI: 254900AA3KZN4Q7A5Z33 | Long             | LON              | CORP              | US        |    560529 | PA      | $559127.39    | 0.05%             | 2029-02-15      | Floating      | 6.91%                 | No            |                  2 | On Loan: No      |
| GARDA WORLD SECURITY                                 | Garda World Security Corp                                                        | CUSIP: 36485MAK5<br>LEI: 549300ZF1NDXLMCHNO20 | Long             | DBT              | CORP              | CA        |    240000 | PA      | $238179.05    | 0.02%             | 2027-02-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| Planet US Buyer LLC                                  | Planet US Buyer LLC 2024 Term Loan B                                             | CUSIP: 72706RAB2<br>LEI: 254900ZE51SEX2EFFH74 | Long             | LON              | CORP              | US        |     62480 | PA      | $62759.04     | 0.01%             | 2031-02-07      | Floating      | 7.20%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK NY                                     | Deutsche Bank AG/New York NY                                                     | CUSIP: 251526CU1<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |   3975000 | PA      | $4251893.05   | 0.40%             | 2029-11-20      | Fixed         | 6.82%                 | No            |                  2 | On Loan: No      |
| CMB INTERNATIONAL LEASIN                             | CMB International Leasing Management Ltd                                         | CUSIP: 000000000<br>LEI: 5493003RO1EBM4E5IG13 | Long             | DBT              | CORP              | HK        |    200000 | PA      | $200388.00    | 0.02%             | 2027-06-04      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| LAMB WESTON HLD                                      | Lamb Weston Holdings Inc                                                         | CUSIP: 513272AC8<br>LEI: 5493005SMYID1D2OY946 | Long             | DBT              | CORP              | US        |    460000 | PA      | $458332.32    | 0.04%             | 2028-05-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| NOVELIS CORPORATION                                  | Novelis Corporation 2025 Term Loan B                                             | CUSIP: 67000LAB8<br>LEI: 549300ZJQN1PEAT42X90 | Long             | LON              | CORP              | US        |    350240 | PA      | $350754.85    | 0.03%             | 2032-03-11      | Floating      | 5.75%                 | No            |                  2 | On Loan: No      |
| FWD GROUP HOLDINGS LTD                               | FWD Group Holdings Ltd                                                           | CUSIP: 000000000<br>LEI: 254900HEGGDS8WU5QZ97 | Long             | DBT              | CORP              | KY        |    400000 | PA      | $445588.00    | 0.04%             | 2031-07-02      | Fixed         | 7.64%                 | No            |                  2 | On Loan: No      |
| ENTERPRISE PRODUCTS OPER                             | Enterprise Products Operating LLC                                                | CUSIP: 29379VBN2<br>LEI: 5493004LGN656HWLDA30 | Long             | DBT              | CORP              | US        |   4800000 | PA      | $4794839.04   | 0.45%             | 2077-08-16      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| KOOKMIN BANK                                         | Kookmin Bank                                                                     | CUSIP: 50050HAX4<br>LEI: 549300XXMOJSIW8P4769 | Long             | DBT              | CORP              | KR        |    200000 | PA      | $207522.00    | 0.02%             | 2029-05-08      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Regatta XII Funding Ltd.                             | Regatta XII Funding Ltd                                                          | CUSIP: 75888HAW1<br>LEI: 2549001ZYXDVCT6R4I31 | Long             | ABS-CBDO         | CORP              | KY        |   1500000 | PA      | $1504726.50   | 0.14%             | 2037-10-15      | Floating      | 5.71%                 | No            |                  2 | On Loan: No      |
| CSX CORP                                             | CSX Corp                                                                         | CUSIP: 126408HS5<br>LEI: 549300JVQR4N1MMP3Q88 | Long             | DBT              | CORP              | US        |    770000 | PA      | $596613.80    | 0.06%             | 2050-04-15      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| CLOUD SOFTWARE GRP INC                               | Cloud Software Group Inc                                                         | CUSIP: 18912UAA0<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |   4233000 | PA      | $4390494.69   | 0.41%             | 2029-09-30      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| PUG LLC                                              | PUG LLC 2024 Extended Term Loan B                                                | CUSIP: 74530DAH8<br>LEI: 549300NL9JUFIOARLW93 | Long             | LON              | CORP              | US        |    307324 | PA      | $304121.31    | 0.03%             | 2030-03-15      | Floating      | 8.91%                 | No            |                  2 | On Loan: No      |
| Regatta VII Funding Ltd                              | Regatta VII Funding Ltd                                                          | CUSIP: 75888ABN5<br>LEI: 549300DA6HSLI0UPTQ25 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $501950.05    | 0.05%             | 2034-06-20      | Floating      | 7.31%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS SA                                       | RRP MADISON IAQ                                                                  | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | Short            | RA               | CORP              | US        |   -784065 | PA      | $-784065.00   | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                  | RRP ELEVANCE HE                                                                  | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |  -4056250 | PA      | $-4056250.00  | -0.38%            |  |  |  | No            |                  2 | On Loan: No      |
| SANMINA CORP                                         | SANMINA CORP TERM LOAN B                                                         | CUSIP: 000000000<br>LEI: X5K24XLM8QYRXF00EB42 | Long             | LON              | CORP              | US        |    112000 | PA      | $111720.00    | 0.01%             | 2032-08-06      | Floating      | 6.17%                 | No            |                  3 | On Loan: No      |
| MAUSER PACKAGING SOLUT                               | Mauser Packaging Solutions Holding Co                                            | CUSIP: 57763RAD9<br>LEI: 549300DNGHXL0OMHW304 | Long             | DBT              | CORP              | US        |   5124000 | PA      | $5174230.57   | 0.48%             | 2027-04-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| SEAGATE DATA STORAGE TECHNOLOG                       | SEAGATE DATA STOR                                                                | CUSIP: 81180LAQ8<br>LEI: N/A                  | Long             | DBT              | CORP              | SG        |    701000 | PA      | $742119.26    | 0.07%             | 2031-07-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| POST HOLDINGS INC                                    | Post Holdings Inc                                                                | CUSIP: 737446AQ7<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |    434000 | PA      | $418381.38    | 0.04%             | 2030-04-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| Kaseya Inc                                           | Kaseya Inc 2025 1st Lien Term Loan B                                             | CUSIP: 48578AAB4<br>LEI: 254900MISXMLRZ63NH46 | Long             | LON              | CORP              | US        |    432900 | PA      | $433293.75    | 0.04%             | 2032-03-20      | Floating      | 7.41%                 | No            |                  2 | On Loan: No      |
| VISTRA CORP                                          | Vistra Corp                                                                      | CUSIP: 92840MAB8<br>LEI: 549300KP43CPCUJOOG15 | Long             | DBT              | CORP              | US        |    247000 | PA      | $252645.93    | 0.02%             | 2026-10-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Concentra Health Services Inc                        | Concentra Health Services Inc 2025 Repriced Term Loan B                          | CUSIP: 20602RAD2<br>LEI: 984500GB84105F75DE32 | Long             | LON              | CORP              | US        |     84451 | PA      | $84714.95     | 0.01%             | 2031-07-26      | Floating      | 6.16%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS                               | Verizon Communications Inc                                                       | CUSIP: 92343VBS2<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |   9475000 | PA      | $10451740.70  | 0.98%             | 2033-09-15      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO LLC                              | RRP GRAFTECH GL                                                                  | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | Short            | RA               | CORP              | US        |   -130000 | PA      | $-130000.00   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Viking Cruises Ltd                                   | Viking Cruises Ltd                                                               | CUSIP: 92676XAD9<br>LEI: 549300IJP90T4MV2GL84 | Long             | DBT              | CORP              | BM        |    350000 | PA      | $350134.40    | 0.03%             | 2027-09-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                | RRP HCA INC 5.2                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |  -2918125 | PA      | $-2918125.00  | -0.27%            |  |  |  | No            |                  2 | On Loan: No      |
| XPLR INFRASTRUCTURE LP                               | XPLR Infrastructure LP                                                           | CUSIP: 65341BAG1<br>LEI: 5493008F4ZOQFNG3WN54 | Long             | DBT              | CORP              | US        |    840000 | PA      | $819000.00    | 0.08%             | 2026-06-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Elmwood CLO VII Ltd.                                 | Elmwood CLO VII Ltd                                                              | CUSIP: 29002QAS8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $2006858.00   | 0.19%             | 2037-10-17      | Floating      | 5.68%                 | No            |                  2 | On Loan: No      |
| CROSSCOUNTRY INTER                                   | CrossCountry Intermediate HoldCo LLC                                             | CUSIP: 22757VAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    317000 | PA      | $318166.46    | 0.03%             | 2030-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| BOC AVIATION LTD                                     | BOC Aviation Ltd                                                                 | CUSIP: 000000000<br>LEI: 254900H06V5RMEB3KE72 | Long             | DBT              | CORP              | SG        |    200000 | PA      | $198346.00    | 0.02%             | 2026-01-21      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| PulteGroup Inc                                       | PulteGroup Inc                                                                   | CUSIP: 745867AX9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     55000 | PA      | $55479.75     | 0.01%             | 2027-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DELL INT LLC / EMC CORP                              | Dell International LLC / EMC Corp                                                | CUSIP: 24703TAK2<br>LEI: 254900ZARLSVK41DKO78 | Long             | DBT              | CORP              | US        |   1005000 | PA      | $1306158.07   | 0.12%             | 2046-07-15      | Fixed         | 8.35%                 | No            |                  2 | On Loan: No      |
| Progress Energy Inc                                  | Progress Energy Inc                                                              | CUSIP: 743263AG0<br>LEI: 549300FBMTW0JYWMNB26 | Long             | DBT              | CORP              | US        |  12000000 | PA      | $13496788.56  | 1.26%             | 2031-10-30      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| MONG DUONG FIN HLDGS BV                              | Mong Duong Finance Holdings BV                                                   | CUSIP: 000000000<br>LEI: 549300995KGQFMWSV879 | Long             | DBT              | CORP              | NL        |    409948 | PA      | $405335.87    | 0.04%             | 2029-05-07      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| CK HUTCHISON INTL 24                                 | CK Hutchison International 24 Ltd                                                | CUSIP: 000000000<br>LEI: 254900GAYV1MAUETUO84 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $209706.00    | 0.02%             | 2034-04-26      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ANTERO MIDSTREAM PART/FI                             | Antero Midstream Partners LP / Antero Midstream Finance Corp                     | CUSIP: 03690AAH9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1095000 | PA      | $1090986.50   | 0.10%             | 2029-06-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUE                                | Venture Global Plaquemines LNG LLC                                               | CUSIP: 922966AC0<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |   1155000 | PA      | $1215819.30   | 0.11%             | 2034-01-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                                       | NRG Energy Inc                                                                   | CUSIP: 629377CX8<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |   1193000 | PA      | $1222933.56   | 0.11%             | 2034-11-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| EXPORT-IMPORT BANK CHINA                             | Export-Import Bank of China/The                                                  | CUSIP: 000000000<br>LEI: 300300C1020211000045 | Long             | DBT              | NUSS              | CN        |    200000 | PA      | $198514.00    | 0.02%             | 2027-03-14      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| ROCKET COS INC                                       | Rocket Cos Inc                                                                   | CUSIP: 77311WAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1292000 | PA      | $1333491.29   | 0.12%             | 2033-08-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Generate CLO 8 Ltd.                                  | Generate CLO 8 Ltd                                                               | CUSIP: 37148EAN4<br>LEI: 2549002O2LJ1LE1W2D54 | Long             | ABS-CBDO         | CORP              | KY        |   2750000 | PA      | $2758482.93   | 0.26%             | 2038-01-20      | Floating      | 5.71%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                              | Hyundai Capital America                                                          | CUSIP: 44891CBP7<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |    200000 | PA      | $192417.64    | 0.02%             | 2027-10-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| ONCOR ELECTRIC DELIVERY                              | Oncor Electric Delivery Co LLC                                                   | CUSIP: 68233JAS3<br>LEI: 549300SP2X2BS1KERD24 | Long             | DBT              | CORP              | US        |   2750000 | PA      | $2713346.32   | 0.25%             | 2042-06-01      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| SCOTTS MIRACLE-GRO CO                                | Scotts Miracle-Gro Co/The                                                        | CUSIP: 810186AS5<br>LEI: 2TH9E0JTOUXOEGI2R879 | Long             | DBT              | CORP              | US        |     45000 | PA      | $43720.04     | 0.00%             | 2029-10-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| HSBC SECURITIES USA, INC.                            | RRP BAYER US FI                                                                  | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | Short            | RA               | CORP              | US        |   -725446 | PA      | $-725446.15   | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| WOODSIDE FINANCE LTD                                 | Woodside Finance Ltd                                                             | CUSIP: 000000000<br>LEI: 254900AIZKU6TGRRNZ98 | Long             | DBT              | CORP              | AU        |    200000 | PA      | $198636.86    | 0.02%             | 2026-09-15      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| EQT CORP                                             | EQT Corp                                                                         | CUSIP: 26884LBD0<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | DBT              | CORP              | US        |    802000 | PA      | $800364.93    | 0.07%             | 2031-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| FTAI AVIATION INVESTORS                              | FTAI Aviation Investors LLC                                                      | CUSIP: 34960PAG6<br>LEI: 529900E7PUVK6BC8PE80 | Long             | DBT              | CORP              | US        |    799000 | PA      | $836171.08    | 0.08%             | 2032-06-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| BARCLAYS CAPITAL INC                                 | RRP NORTHWESTER                                                                  | CUSIP: 000000000<br>LEI: AC28XWWI3WIBK2824319 | Short            | RA               | CORP              | US        | -12330000 | PA      | $-12330000.00 | -1.15%            |  |  |  | No            |                  2 | On Loan: No      |
| QUARTZ ACQUIRECO LLC                                 | Quartz Acquireco LLC 2025 Term Loan B                                            | CUSIP: 74773KAE5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    206096 | PA      | $205152.41    | 0.02%             | 2030-06-28      | Floating      | 6.25%                 | No            |                  2 | On Loan: No      |
| CHINA CITIC BANK INTL                                | China CITIC Bank International Ltd                                               | CUSIP: 000000000<br>LEI: 54930034UPFJV0NHXV95 | Long             | DBT              | CORP              | HK        |    250000 | PA      | $261520.00    | 0.02%             | 2033-12-05      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| DK CROWN HOLDINGS INC                                | DK Crown Holdings Inc 2025 Term Loan B                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    262680 | PA      | $262188.79    | 0.02%             | 2032-03-04      | Floating      | 6.00%                 | No            |                  2 | On Loan: No      |
| ALIBABA GROUP HOLDING                                | Alibaba Group Holding Ltd                                                        | CUSIP: 01609WAY8<br>LEI: 5493001NTNQJDH60PM02 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $149240.00    | 0.01%             | 2041-02-09      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| JSW STEEL LTD                                        | JSW Steel Ltd                                                                    | CUSIP: 000000000<br>LEI: 335800EK6HZSC4CVAJ09 | Long             | DBT              | CORP              | IN        |    500000 | PA      | $491000.00    | 0.05%             | 2027-04-05      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| LIVE NATION ENTERTAINMEN                             | Live Nation Entertainment Inc                                                    | CUSIP: 538034AX7<br>LEI: 5493007B9BM9ZXJINO78 | Long             | DBT              | CORP              | US        |    155000 | PA      | $151226.80    | 0.01%             | 2028-01-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Learfield Communications, LLC                        | Learfield Communications LLC 2024 Term Loan B                                    | CUSIP: 00165HAL7<br>LEI: 549300177GK4LMS8T214 | Long             | LON              | CORP              | US        |    122144 | PA      | $123213.18    | 0.01%             | 2028-06-30      | Floating      | 8.66%                 | No            |                  2 | On Loan: No      |
| MEIJI YASUDA LIFE INSURA                             | Meiji Yasuda Life Insurance Co                                                   | CUSIP: 000000000<br>LEI: 549300SLU4LP6YMRLK07 | Long             | DBT              | CORP              | JP        |    350000 | PA      | $357320.95    | 0.03%             | 2054-09-11      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| VMED O2 UK FINAN                                     | Vmed O2 UK Financing I PLC                                                       | CUSIP: 92858RAB6<br>LEI: 213800MRR46ECNGZ7L69 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $188249.26    | 0.02%             | 2031-07-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CHG HEALTHCARE SERVICES INC                          | CHG Healthcare Services Inc 2025 Term Loan B1                                    | CUSIP: 12541HAX1<br>LEI: 54930016Y1HPAVB9PZ54 | Long             | LON              | CORP              | US        |    180030 | PA      | $180020.60    | 0.02%             | 2028-09-29      | Floating      | 7.05%                 | No            |                  2 | On Loan: No      |
| CLEAN HARBORS INC                                    | Clean Harbors Inc 2024 Term Loan B                                               | CUSIP: 18449EAH3<br>LEI: 5493000SJVZVZJKHJF48 | Long             | LON              | CORP              | US        |    158406 | PA      | $158405.75    | 0.01%             | 2028-10-09      | Floating      | 5.91%                 | No            |                  2 | On Loan: No      |
| CNOOC FINANCE 2014 ULC                               | CNOOC Finance 2014 ULC                                                           | CUSIP: 12591DAD3<br>LEI: 549300QK7VNAZ4SHZS12 | Long             | DBT              | CORP              | CA        |    250000 | PA      | $248270.00    | 0.02%             | 2044-04-30      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| ARBOR REALTY SR INC                                  | Arbor Realty SR Inc                                                              | CUSIP: 03881NAJ6<br>LEI: 549300TW7RTL2CI3CN08 | Long             | DBT              |  | US        |    188000 | PA      | $197670.58    | 0.02%             | 2030-07-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| UKG Inc                                              | UKG Inc 2024 Term Loan B                                                         | CUSIP: 89841EAB1<br>LEI: 529900FKHWSTQ1GXK240 | Long             | LON              | CORP              | US        |    543231 | PA      | $542529.95    | 0.05%             | 2031-02-10      | Floating      | 6.81%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS SA                                       | RRP LIFEPOINT H                                                                  | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | Short            | RA               | CORP              | US        |   -354412 | PA      | $-354412.50   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                               | Venture Global LNG Inc                                                           | CUSIP: 92332YAC5<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |   2670000 | PA      | $2942406.75   | 0.28%             | 2029-02-01      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| AqGen Island Holdings Inc                            | AqGen Island Holdings Inc 2024 Term Loan B                                       | CUSIP: 03836BAH2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    264835 | PA      | $264438.12    | 0.02%             | 2028-08-02      | Floating      | 7.16%                 | No            |                  2 | On Loan: No      |
| BARCLAYS CAPITAL INC                                 | RRP NETFLIX INC                                                                  | CUSIP: 000000000<br>LEI: AC28XWWI3WIBK2824319 | Short            | RA               | CORP              | US        |  -2004491 | PA      | $-2004491.25  | -0.19%            |  |  |  | No            |                  2 | On Loan: No      |
| Proofpoint, Inc.                                     | Proofpoint Inc 2024 Term Loan                                                    | CUSIP: 74345HAG6<br>LEI: 529900C5FODDK0WSR085 | Long             | LON              | CORP              | US        |    428656 | PA      | $429774.54    | 0.04%             | 2028-08-31      | Floating      | 7.16%                 | No            |                  2 | On Loan: No      |
| UKG INC                                              | UKG Inc                                                                          | CUSIP: 90279XAA0<br>LEI: 529900FKHWSTQ1GXK240 | Long             | DBT              | CORP              | US        |   3650000 | PA      | $3766197.75   | 0.35%             | 2031-02-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| ACADIA HEALTHCARE CO INC                             | Acadia Healthcare Co Inc                                                         | CUSIP: 00404AAQ2<br>LEI: 5493005CW985Y9D0NC11 | Long             | DBT              | CORP              | US        |    117000 | PA      | $121468.11    | 0.01%             | 2033-03-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| PROOFPOINT INC                                       | PROOFPOINT INC 2025 FUNGIBLE TERM LOAN                                           | CUSIP: 74345HAJ0<br>LEI: 529900C5FODDK0WSR085 | Long             | LON              | CORP              | US        |     48000 | PA      | $48125.28     | 0.00%             | 2028-08-31      | Floating      | 7.15%                 | No            |                  2 | On Loan: No      |
| GFL ENVIRONMENTAL INC                                | GFL Environmental Inc                                                            | CUSIP: 36168QAQ7<br>LEI: 894500E7NLBY9VZRT696 | Long             | DBT              | CORP              | CA        |    653000 | PA      | $683312.70    | 0.06%             | 2031-01-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS SA                                       | RRP RHP HOTEL P                                                                  | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | Short            | RA               | CORP              | US        |   -957870 | PA      | $-957870.00   | -0.09%            |  |  |  | No            |                  2 | On Loan: No      |
| SOMNIGROUP INTL INC                                  | Somnigroup International Inc                                                     | CUSIP: 88023UAH4<br>LEI: 549300HFEKVR3US71V91 | Long             | DBT              | CORP              | US        |    563000 | PA      | $540337.84    | 0.05%             | 2029-04-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| UTZ QUALITY FOODS LLC                                | UTZ Quality Foods LLC 2025 Term Loan B                                           | CUSIP: 91809EAG6<br>LEI: 549300K2HU2ISL0R2Q75 | Long             | LON              | CORP              | US        |    265760 | PA      | $265626.73    | 0.02%             | 2032-01-29      | Floating      | 6.50%                 | No            |                  2 | On Loan: No      |
| MIDAS OPCO HOLDINGS LLC                              | Stagwell Global LLC                                                              | CUSIP: 59565JAA9<br>LEI: 984500904E015Z0C1F82 | Long             | DBT              | CORP              | US        |    209000 | PA      | $203026.53    | 0.02%             | 2029-08-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| RIVERS ENTERPRISE                                    | Rivers Enterprise Lender LLC / Rivers Enterprise Lender Corp                     | CUSIP: 76884GAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    181000 | PA      | $182613.88    | 0.02%             | 2030-10-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                | RRP REYNOLDS AM                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |  -2159875 | PA      | $-2159875.00  | -0.20%            |  |  |  | No            |                  2 | On Loan: No      |
| FOUNDATION BUILDING M                                | Foundation Building Materials Inc                                                | CUSIP: 350392AA4<br>LEI: 549300ZVE6MONHB01I28 | Long             | DBT              | CORP              | US        |     20000 | PA      | $20272.23     | 0.00%             | 2029-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| LSF12 Crown US Commercial Bidco LLC                  | LSF12 Crown US Commercial Bidco LLC 2025 Term Loan B                             | CUSIP: 50221UAD3<br>LEI: 254900FI2OCFTJ9PAJ18 | Long             | LON              | CORP              | US        |     94000 | PA      | $94059.22     | 0.01%             | 2031-12-02      | Floating      | 7.64%                 | No            |                  2 | On Loan: No      |
| SOLSTICE ADVANCED MTRIALS INC                        | SOLSTICE ADVANCED MTRIALS INC TERM LOAN B                                        | CUSIP: 000000000<br>LEI: 2138004GZ4H9TW6HK435 | Long             | LON              | CORP              | US        |    115000 | PA      | $115072.45    | 0.01%             | 2032-09-17      | Floating      | 5.88%                 | No            |                  2 | On Loan: No      |
| BANK MANDIRI PT                                      | Bank Mandiri Persero Tbk PT                                                      | CUSIP: 000000000<br>LEI: 549300RSKQN4Z5ZSGH94 | Long             | DBT              | CORP              | ID        |    200000 | PA      | $201400.00    | 0.02%             | 2026-04-04      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BARCLAYS CAPITAL INC                                 | RRP NEXTERA ENE                                                                  | CUSIP: 000000000<br>LEI: AC28XWWI3WIBK2824319 | Short            | RA               | CORP              | US        |  -4525000 | PA      | $-4525000.00  | -0.42%            |  |  |  | No            |                  2 | On Loan: No      |
| RR DONNELLEY & SONS CO                               | RR Donnelley & Sons Co                                                           | CUSIP: 257867BJ9<br>LEI: SU4X0P4WWRGOQDTSV032 | Long             | DBT              | CORP              | US        |    788000 | PA      | $807593.62    | 0.08%             | 2029-08-01      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| Directv Financing LLC                                | DirecTV Financing LLC Term Loan                                                  | CUSIP: 25460HAB8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     15691 | PA      | $15693.64     | 0.00%             | 2027-08-02      | Floating      | 9.57%                 | No            |                  2 | On Loan: No      |
| VERTIV GROUP CORPORATION                             | Vertiv Group Corp                                                                | CUSIP: 92535UAB0<br>LEI: 549300ZT8RQ5VK10E643 | Long             | DBT              | CORP              | US        |   1040000 | PA      | $1015538.61   | 0.09%             | 2028-11-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| AMKOR TECHNOLOGY INC                                 | Amkor Technology Inc                                                             | CUSIP: 031652BL3<br>LEI: 529900VHLRTKPWZJBM84 | Long             | DBT              | CORP              | US        |     98000 | PA      | $98997.97     | 0.01%             | 2033-10-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| VORTEX OPCO LLC                                      | Vortex Opco LLC Second Out Term Loan                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | KY        |    109866 | PA      | $24170.51     | 0.00%             | 2028-12-17      | Floating      | 8.37%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                | RRP CVS HEALTH                                                                   | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |  -3282604 | PA      | $-3282603.75  | -0.31%            |  |  |  | No            |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYS                             | CHS/Community Health Systems Inc                                                 | CUSIP: 12543DBQ2<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |   1148000 | PA      | $1176126.00   | 0.11%             | 2034-01-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| KODIAK GAS SERVICES LLC                              | Kodiak Gas Services LLC                                                          | CUSIP: 50012LAE4<br>LEI: 549300ZQBRWEUOVOM131 | Long             | DBT              | CORP              | US        |    308000 | PA      | $316240.93    | 0.03%             | 2035-10-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| GREENKO DUTCH BV                                     | Greenko Dutch BV                                                                 | CUSIP: 000000000<br>LEI: 724500PT585P4JPVRP08 | Long             | DBT              | CORP              | NL        |    697190 | PA      | $690396.79    | 0.06%             | 2026-03-29      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| SINOCHEM OFFSHORE CAPITA                             | Sinochem Offshore Capital Co Ltd                                                 | CUSIP: 000000000<br>LEI: 3003004LKKZ33WMP2P47 | Long             | DBT              | CORP              | VG        |    200000 | PA      | $194758.00    | 0.02%             | 2026-09-23      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| STAKEHOLDER MIDSTREAM LLC                            | STAKEHOLDER MIDSTREAM LLC TERM LOAN                                              | CUSIP: 000000000<br>LEI: 254900BG1PE2KGG26017 | Long             | LON              | CORP              | US        |     89775 | PA      | $89887.22     | 0.01%             | 2031-01-01      | Floating      | 8.04%                 | No            |                  2 | On Loan: No      |
| CIFC Funding Ltd                                     | CIFC Funding 2015-IV Ltd                                                         | CUSIP: 12550TAY1<br>LEI: 549300ZXX0SJBZWIWI81 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1001040.10   | 0.09%             | 2034-04-20      | Floating      | 5.66%                 | No            |                  2 | On Loan: No      |
| MPLX LP                                              | MPLX LP                                                                          | CUSIP: 55336VAN0<br>LEI: 5493000CZJ19CK4P3G36 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4186512.85   | 0.39%             | 2048-04-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| SILGAN HOLDINGS INC                                  | Silgan Holdings Inc                                                              | CUSIP: 000000000<br>LEI: KAF673KJXD92C8KSLU49 | Long             | DBT              | CORP              | US        |    390000 | PA      | $459726.93    | 0.04%             | 2031-02-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| ABU DHABI COMMERCIAL BNK                             | Abu Dhabi Commercial Bank PJSC                                                   | CUSIP: 000000000<br>LEI: 213800RWVKKIRX1AUH58 | Long             | DBT              | CORP              | AE        |    212000 | PA      | $209598.04    | 0.02%             | 2027-03-31      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| CONTINUUM ENERGY AURA                                | Continuum Energy Aura Pte Ltd                                                    | CUSIP: 000000000<br>LEI: 984500AB52D7C8GC2E33 | Long             | DBT              | CORP              | SG        |    200000 | PA      | $206188.00    | 0.02%             | 2027-02-24      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS CO LLC                             | Vistra Operations Co LLC                                                         | CUSIP: 92840VAP7<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |    718000 | PA      | $759781.86    | 0.07%             | 2031-10-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                  | RRP CLEAR CHANN                                                                  | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |   -734315 | PA      | $-734315.00   | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| QNITY ELECTRONICS INC                                | QNITY ELECTRONICS INC TERM LOAN B                                                | CUSIP: 74737SAB9<br>LEI: 254900RSUG4J9TFFZX53 | Long             | LON              | CORP              | US        |    219000 | PA      | $218726.25    | 0.02%             | 2032-08-12      | Floating      | 6.13%                 | No            |                  2 | On Loan: No      |
| NEOGEN FOOD SAFE CORP                                | Neogen Food Safety Corp                                                          | CUSIP: 365417AA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    288000 | PA      | $301167.07    | 0.03%             | 2030-07-20      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| NOMURA SECURITIES INTERNATIONAL INC                  | RRP LAMB WESTON                                                                  | CUSIP: 000000000<br>LEI: OXTKY6Q8X53C9ILVV871 | Short            | RA               | CORP              | US        |   -475088 | PA      | $-475087.50   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| AIRPORT AUTHORITY HK                                 | Airport Authority                                                                | CUSIP: 000000000<br>LEI: 254900748HGC4RBR4O84 | Long             | DBT              | NUSS              | HK        |    200000 | PA      | $191056.00    | 0.02%             | 2028-03-08      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                                 | OneMain Finance Corp                                                             | CUSIP: 682691AK6<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    309000 | PA      | $319208.68    | 0.03%             | 2032-09-15      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| ARCHROCK PARTNERS LP/FIN                             | Archrock Partners LP / Archrock Partners Finance Corp                            | CUSIP: 03959KAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    415000 | PA      | $415019.09    | 0.04%             | 2027-04-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| UNIVISION COMMUNICATIONS                             | Univision Communications Inc                                                     | CUSIP: 914906AZ5<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |    521000 | PA      | $538006.48    | 0.05%             | 2031-07-31      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| NISSAN MOTOR CO                                      | Nissan Motor Co Ltd                                                              | CUSIP: 000000000<br>LEI: 353800DRBDH1LUTNAY26 | Long             | DBT              | CORP              | JP        |    190000 | PA      | $229662.05    | 0.02%             | 2033-07-17      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| BARNES GROUP INC                                     | Barnes Group Inc 2025 Term Loan B                                                | CUSIP: 38021CAC2<br>LEI: G1MSYD2DQZX30V5DMX12 | Long             | LON              | CORP              | US        |     71640 | PA      | $71678.69     | 0.01%             | 2032-01-27      | Floating      | 6.91%                 | No            |                  2 | On Loan: No      |
| AZORRA FINANCE                                       | Azorra Finance Ltd                                                               | CUSIP: 05480AAA3<br>LEI: 254900MC1HXDAVUUP395 | Long             | DBT              | CORP              | KY        |    223000 | PA      | $233871.25    | 0.02%             | 2030-04-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| TEVA PHARMACEUTICALS NE                              | Teva Pharmaceutical Finance Netherlands III BV                                   | CUSIP: 88167AAE1<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |    679000 | PA      | $665420.00    | 0.06%             | 2026-10-01      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| WARNERMEDIA HOLDINGS INC                             | Warnermedia Holdings Inc                                                         | CUSIP: 55903VBW2<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |     74000 | PA      | $59075.68     | 0.01%             | 2042-03-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Anticimex International AB                           | Anticimex International AB 2024 Term Loan B6                                     | CUSIP: 03703HAB2<br>LEI: 54930005SBU6WYFBEB41 | Long             | LON              | CORP              | SE        |     84572 | PA      | $84698.72     | 0.01%             | 2028-11-16      | Floating      | 7.76%                 | No            |                  2 | On Loan: No      |
| MELCO RESORTS FINANCE                                | Melco Resorts Finance Ltd                                                        | CUSIP: 000000000<br>LEI: 5493000FQDBWKDBZEF60 | Long             | DBT              | CORP              | KY        |    300000 | PA      | $299850.00    | 0.03%             | 2028-07-21      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| NAKED JUICE LLC                                      | Naked Juice LLC 2025 FLFO Term Loan                                              | CUSIP: 62984CAK9<br>LEI: 549300Y5TU1XQ1KVLJ64 | Long             | LON              | CORP              | US        |    252130 | PA      | $253390.20    | 0.02%             | 2029-01-24      | Floating      | 9.50%                 | No            |                  2 | On Loan: No      |
| AHP HEALTH PARTN                                     | AHP Health Partners Inc                                                          | CUSIP: 00150LAB7<br>LEI: 549300QMM8MQ6SM5KX05 | Long             | DBT              | CORP              | US        |    609000 | PA      | $599344.97    | 0.06%             | 2029-07-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Octagon Investment Partners 34 LTD                   | Octagon Investment Partners 34 Ltd                                               | CUSIP: 675922AE8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1000560.00   | 0.09%             | 2030-01-20      | Floating      | 5.99%                 | No            |                  2 | On Loan: No      |
| AIMBRIDGE                                            | AIMBRIDGE                                                                        | CUSIP: 000000000<br>LEI: 549300SPGKLVE9WYCQ20 | Long             | EC               | CORP              | US        |      1607 | NS      | $103665.05    | 0.01%             |  |  |  | No            |                  3 | On Loan: No      |
| COMSTOCK RESOURCES INC                               | Comstock Resources Inc                                                           | CUSIP: 205768AT1<br>LEI: I03QQGEA4SS774AURI46 | Long             | DBT              | CORP              | US        |    783000 | PA      | $754072.38    | 0.07%             | 2030-01-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| PETRONAS CAPITAL LTD                                 | Petronas Capital Ltd                                                             | CUSIP: 000000000<br>LEI: 549300G7YFX3540OYR85 | Long             | DBT              | CORP              | MY        |    200000 | PA      | $180017.00    | 0.02%             | 2032-01-28      | Fixed         | 2.48%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                                 | OneMain Finance Corp                                                             | CUSIP: 682691AH3<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    429000 | PA      | $440956.66    | 0.04%             | 2029-05-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| ENTEGRIS INC                                         | Entegris Inc                                                                     | CUSIP: 29365BAA1<br>LEI: IYX6OWO7BT5DKO3BYG52 | Long             | DBT              | CORP              | US        |      2000 | PA      | $1982.85      | 0.00%             | 2029-04-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Symphony CLO Ltd                                     | Symphony CLO XXVIII Ltd                                                          | CUSIP: 87168BAC4<br>LEI: 54930054F3QGDZOYIH14 | Long             | ABS-CBDO         | CORP              | KY        |   1900000 | PA      | $1902930.56   | 0.18%             | 2034-10-23      | Floating      | 5.72%                 | No            |                  2 | On Loan: No      |
| NCL CORPORATION LTD                                  | NCL Corp Ltd                                                                     | CUSIP: 62886HBY6<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |    615000 | PA      | $614976.96    | 0.06%             | 2031-01-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| DEVON ENERGY CORPORATION                             | Devon Energy Corp                                                                | CUSIP: 25179MBE2<br>LEI: 54930042348RKR3ZPN35 | Long             | DBT              | CORP              | US        |    204000 | PA      | $204013.93    | 0.02%             | 2028-06-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| PRAIRIE ACQUIROR LP                                  | Prairie Acquiror LP                                                              | CUSIP: 73943NAA4<br>LEI: 254900Q6KU2LVSIISH22 | Long             | DBT              | CORP              | US        |    269000 | PA      | $280057.15    | 0.03%             | 2029-08-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| CLYDESDALE ACQUISITION                               | Clydesdale Acquisition Holdings Inc                                              | CUSIP: 18972EAD7<br>LEI: 254900QKSDYFR3K5YD98 | Long             | DBT              | CORP              | US        |    889000 | PA      | $911989.54    | 0.09%             | 2032-04-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| AECOM                                                | AECOM                                                                            | CUSIP: 00766TAE0<br>LEI: 0EEB8GF0W0NPCIHZX097 | Long             | DBT              | CORP              | US        |    906000 | PA      | $926285.34    | 0.09%             | 2033-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| TRUIST FINANCIAL CORP                                | Truist Financial Corp                                                            | CUSIP: 89788MAN2<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |   9310000 | PA      | $9418041.53   | 0.88%             | 2027-06-08      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| PERMIAN RESOURC OPTG LLC                             | Permian Resources Operating LLC                                                  | CUSIP: 71424VAA8<br>LEI: 5493004CTVUMQLRPOE23 | Long             | DBT              | CORP              | US        |    321000 | PA      | $332921.30    | 0.03%             | 2032-01-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| VEDANTA RESOURCES                                    | Vedanta Resources Finance II PLC                                                 | CUSIP: 000000000<br>LEI: 8945002DGA3BBXO3N634 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $213900.00    | 0.02%             | 2031-12-03      | Fixed         | 11.25%                | No            |                  2 | On Loan: No      |
| ARCHROCK PARTNERS LP/FIN                             | Archrock Partners LP / Archrock Partners Finance Corp                            | CUSIP: 03959KAC4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     21000 | PA      | $21029.04     | 0.00%             | 2028-04-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| EQT CORP                                             | EQT Corp                                                                         | CUSIP: 26884LBB4<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | DBT              | CORP              | US        |    141000 | PA      | $155540.65    | 0.01%             | 2030-06-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| JERA CO INC                                          | JERA Co Inc                                                                      | CUSIP: 000000000<br>LEI: 353800OO5E7W1FV1SB75 | Long             | DBT              | CORP              | JP        |    200000 | PA      | $198100.87    | 0.02%             | 2027-04-14      | Fixed         | 3.67%                 | No            |                  2 | On Loan: No      |
| Benefit Street Partners CLO Ltd                      | Benefit Street Partners CLO XXI Ltd                                              | CUSIP: 08186RAN9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2300000 | PA      | $2303531.88   | 0.22%             | 2034-10-15      | Floating      | 5.75%                 | No            |                  2 | On Loan: No      |
| MADISON IAQ LLC                                      | Madison IAQ LLC 2025 Term Loan B                                                 | CUSIP: 55759VAD0<br>LEI: 549300IXDNBXNHUPBU73 | Long             | LON              | CORP              | US        |    216458 | PA      | $217355.80    | 0.02%             | 2032-05-06      | Floating      | 7.45%                 | No            |                  2 | On Loan: No      |
| WILLIAMS SCOTSMAN INC                                | Williams Scotsman Inc                                                            | CUSIP: 96949VAL7<br>LEI: 549300DAKDS8SCO1OT57 | Long             | DBT              | CORP              | US        |    485000 | PA      | $506505.87    | 0.05%             | 2031-10-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| OLYMPUS WTR US HLDG CORP                             | Olympus Water US Holding Corp                                                    | CUSIP: 681639AE0<br>LEI: 549300YU2GGVCBN3MY89 | Long             | DBT              | CORP              | US        |   1196000 | PA      | $1197245.68   | 0.11%             | 2033-02-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                                | Tenet Healthcare Corp                                                            | CUSIP: 88033GDQ0<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |    243000 | PA      | $246099.91    | 0.02%             | 2030-06-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| COMPASS GROUP DIVERSIFIE                             | Compass Group Diversified Holdings LLC                                           | CUSIP: 20451RAB8<br>LEI: 549300I6PTUQPX21TE93 | Long             | DBT              | CORP              | US        |    454822 | PA      | $420177.94    | 0.04%             | 2029-04-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NOMURA SECURITIES INTERNATIONAL INC                  | RRP SENSATA TEC                                                                  | CUSIP: 000000000<br>LEI: OXTKY6Q8X53C9ILVV871 | Short            | RA               | CORP              | US        |   -175750 | PA      | $-175750.00   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Bausch & Lomb Corporation                            | Bausch & Lomb Corporation 2023 Incremental Term Loan                             | CUSIP: 000000000<br>LEI: 549300NY6OZM39SO6475 | Long             | LON              | CORP              | CA        |    109760 | PA      | $109622.80    | 0.01%             | 2028-09-29      | Floating      | 8.17%                 | No            |                  2 | On Loan: No      |
| CLARIOS GLOBAL LP/US FIN                             | Clarios Global LP / Clarios US Finance Co                                        | CUSIP: 18060TAD7<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    475000 | PA      | $490679.75    | 0.05%             | 2030-02-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CARD CO LTD                                  | Hyundai Card Co Ltd                                                              | CUSIP: 000000000<br>LEI: 988400S1WSELQL3GVR75 | Long             | DBT              | CORP              | KR        |    345000 | PA      | $358517.10    | 0.03%             | 2029-04-24      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Palmer Square CLO Ltd                                | Palmer Square CLO 2021-4 Ltd                                                     | CUSIP: 69702EAQ8<br>LEI: 254900HTQ89UZTKY6247 | Long             | ABS-CBDO         | CORP              | KY        |   2500000 | PA      | $2511175.50   | 0.23%             | 2038-07-15      | Floating      | 5.97%                 | No            |                  2 | On Loan: No      |
| Medtronic Inc                                        | Medtronic Inc                                                                    | CUSIP: 585055BU9<br>LEI: D56MRZY2INAN94ZONZ37 | Long             | DBT              | CORP              | US        |    647000 | PA      | $594404.79    | 0.06%             | 2045-03-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| LIFEPOINT HEALTH INC                                 | LifePoint Health Inc                                                             | CUSIP: 53219LAV1<br>LEI: 549300G8ZVHRTBBBSZ90 | Long             | DBT              | CORP              | US        |    184000 | PA      | $199260.59    | 0.02%             | 2030-08-15      | Fixed         | 9.88%                 | No            |                  2 | On Loan: No      |
| RBC CAPITAL MARKETS LLC                              | RRP BOEING CO 5                                                                  | CUSIP: 000000000<br>LEI: 549300LCO2FLSSVFFR64 | Short            | RA               | CORP              | US        |  -4697406 | PA      | $-4697406.25  | -0.44%            |  |  |  | No            |                  2 | On Loan: No      |
| FORD MOTOR COMPANY                                   | Ford Motor Co                                                                    | CUSIP: 345370DB3<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | DBT              | CORP              | US        |   3129000 | PA      | $3205247.41   | 0.30%             | 2032-08-19      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| IRB Holding Corp                                     | IRB Holding Corp 2024 1st Lien Term Loan B                                       | CUSIP: 44988LAL1<br>LEI: 549300HVW4WNWYBXN830 | Long             | LON              | CORP              | US        |    233042 | PA      | $233053.36    | 0.02%             | 2027-12-15      | Floating      | 6.66%                 | No            |                  2 | On Loan: No      |
| LITHIA MOTORS INC                                    | Lithia Motors Inc                                                                | CUSIP: 536797AJ2<br>LEI: SE8N1EZEHPZQBCBVKD53 | Long             | DBT              | CORP              | US        |    223000 | PA      | $222721.25    | 0.02%             | 2030-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                | RRP MEDTRONIC I                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |   -551568 | PA      | $-551567.50   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| OSAIC HOLDINGS INC                                   | Osaic Holdings Inc                                                               | CUSIP: 00791GAB3<br>LEI: 549300XL60BDV6UW5C86 | Long             | DBT              | CORP              | US        |    164000 | PA      | $169385.10    | 0.02%             | 2032-08-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| FRONTIER COMMUNICATIONS                              | Frontier Communications Holdings LLC                                             | CUSIP: 35906ABF4<br>LEI: 549300ZCZ76HYCS0H445 | Long             | DBT              | CORP              | US        |    640000 | PA      | $638560.59    | 0.06%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| 720 East CLO Ltd.                                    | 720 East CLO IV Ltd                                                              | CUSIP: 81785BAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $2007614.60   | 0.19%             | 2037-04-15      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| Chemours Company (The)                               | Chemours Company (The) 2023 USD Term Loan B                                      | CUSIP: 16384YAJ6<br>LEI: 549300M1BOLNXL8DOV14 | Long             | LON              | CORP              | US        |     90319 | PA      | $90093.38     | 0.01%             | 2028-08-18      | Floating      | 7.16%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN BANK & TRUS                             | Metropolitan Bank & Trust Co                                                     | CUSIP: 000000000<br>LEI: 549300SQYI82RVWFN715 | Long             | DBT              | CORP              | PH        |    275000 | PA      | $286687.50    | 0.03%             | 2034-03-06      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CELANESE US HOLDINGS LLC                             | Celanese US Holdings LLC                                                         | CUSIP: 15089QBA1<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |    241000 | PA      | $239983.21    | 0.02%             | 2033-04-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                             | Charter Communications Operating LLC / Charter Communications Operating Capital  | CUSIP: 161175BA1<br>LEI: 549300TPZNMN50BJ3745 | Long             | DBT              | CORP              | US        |   9584000 | PA      | $9468107.68   | 0.89%             | 2045-10-23      | Fixed         | 6.48%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK NY                                     | Deutsche Bank AG/New York NY                                                     | CUSIP: 251526CE7<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |   3260000 | PA      | $3248062.83   | 0.30%             | 2026-11-24      | Fixed         | 2.13%                 | No            |                  2 | On Loan: No      |
| BRINK'S CO/THE                                       | Brink's Co/The                                                                   | CUSIP: 109696AC8<br>LEI: XFP140TFNOQMIVFTVQ13 | Long             | DBT              | CORP              | US        |    225000 | PA      | $231547.28    | 0.02%             | 2029-06-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| AMWINS GROUP INC                                     | AmWINS Group Inc 2025 Term Loan B                                                | CUSIP: 03234TBA5<br>LEI: 549300SJE7MUB8NMRG61 | Long             | LON              | CORP              | US        |    450595 | PA      | $450297.61    | 0.04%             | 2032-01-30      | Floating      | 6.25%                 | No            |                  2 | On Loan: No      |
| MILLROSE PROPERTIES INC                              | Millrose Properties Inc                                                          | CUSIP: 601137AA0<br>LEI: N/A                  | Long             | DBT              |  | US        |    704000 | PA      | $715960.96    | 0.07%             | 2030-08-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| ALTICE FRANCE SA                                     | Altice France SA                                                                 | CUSIP: 02156LAE1<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |   1746000 | PA      | $1501560.00   | 0.14%             | 2029-01-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| RESIDEO FUNDING INC                                  | Resideo Funding Inc                                                              | CUSIP: 76119LAD3<br>LEI: 5493000IFJ6XJKH66598 | Long             | DBT              | CORP              | US        |    497000 | PA      | $509377.79    | 0.05%             | 2032-07-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| COTIVITI CORPORATION                                 | Cotiviti Corporation 2024 Term Loan                                              | CUSIP: 22164MAB3<br>LEI: 254900YAQHVRTG4IFI64 | Long             | LON              | CORP              | US        |    414613 | PA      | $406838.76    | 0.04%             | 2031-05-01      | Floating      | 7.03%                 | No            |                  2 | On Loan: No      |
| CHINA CINDA 2020 I MNGMN                             | China Cinda 2020 I Management Ltd                                                | CUSIP: 000000000<br>LEI: 549300ZIBIB6Z9RSNU64 | Long             | DBT              | CORP              | VG        |    200000 | PA      | $197210.00    | 0.02%             | 2027-01-28      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| TRIVIUM PACKAGING FIN                                | Trivium Packaging Finance BV                                                     | CUSIP: 000000000<br>LEI: 724500GMZWW3PVYET548 | Long             | DBT              | CORP              | NL        |    110000 | PA      | $135759.49    | 0.01%             | 2030-07-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| CA MAGNUM HOLDINGS                                   | CA Magnum Holdings                                                               | CUSIP: 000000000<br>LEI: 549300ZRDHFR078MFZ78 | Long             | DBT              | CORP              | MU        |    700000 | PA      | $696587.50    | 0.07%             | 2026-10-31      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Wyndham Hotels & Resorts Inc                         | Wyndham Hotels & Resorts Inc 2024 Term Loan                                      | CUSIP: 98310CAF9<br>LEI: 549300FE3MQ4RVXXC673 | Long             | LON              | CORP              | US        |    156824 | PA      | $157272.29    | 0.01%             | 2030-05-24      | Floating      | 5.91%                 | No            |                  2 | On Loan: No      |
| ARDONAGH FINCO LTD                                   | Ardonagh Finco Ltd                                                               | CUSIP: 039853AA4<br>LEI: 254900D2T84O1K03BA28 | Long             | DBT              | CORP              | JE        |   2052000 | PA      | $2147190.23   | 0.20%             | 2031-02-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| OI EUROPEAN GROUP BV                                 | OI European Group BV                                                             | CUSIP: 000000000<br>LEI: 72450053F5WRDY8CDZ66 | Long             | DBT              | CORP              | NL        |    175000 | PA      | $212051.28    | 0.02%             | 2028-05-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| NONGHYUP BANK                                        | NongHyup Bank                                                                    | CUSIP: 65540KAH8<br>LEI: 988400GSDJCW3LKJBD20 | Long             | DBT              | CORP              | KR        |    200000 | PA      | $199758.00    | 0.02%             | 2026-01-06      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GENESIS ENERGY LP/FIN                                | Genesis Energy LP / Genesis Energy Finance Corp                                  | CUSIP: 37185LAQ5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    227000 | PA      | $236750.51    | 0.02%             | 2032-05-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| ELEVANCE HEALTH INC                                  | Elevance Health Inc                                                              | CUSIP: 036752AH6<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4274320.80   | 0.40%             | 2048-03-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| PHOENIX AVIATION CAPITAL                             | Phoenix Aviation Capital Ltd                                                     | CUSIP: 71910DAA9<br>LEI: 8945008YQAKXZQ3VYJ15 | Long             | DBT              | CORP              | IE        |    559000 | PA      | $594727.93    | 0.06%             | 2030-07-15      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| MAGENTA SECURITY HOLDINGS LLC                        | Magenta Security Holdings LLC 2024 Second Out Term Loan                          | CUSIP: 55909UAF6<br>LEI: 254900F51KU7HIRXTS68 | Long             | LON              | CORP              | US        |     54557 | PA      | $23623.25     | 0.00%             | 2028-07-27      | Floating      | 11.57%                | No            |                  2 | On Loan: No      |
| AZORRA FINANCE                                       | Azorra Finance Ltd                                                               | CUSIP: 05480AAB1<br>LEI: 254900MC1HXDAVUUP395 | Long             | DBT              | CORP              | KY        |    147000 | PA      | $153069.78    | 0.01%             | 2031-01-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| BANK NEGARA INDONESIA                                | Bank Negara Indonesia Persero Tbk PT                                             | CUSIP: 000000000<br>LEI: 549300HZ8J3MLVXQ8F85 | Long             | DBT              | CORP              | ID        |    200000 | PA      | $198442.00    | 0.02%             | 2026-03-30      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| AMERICAN AIRLINES/AADVAN                             | American Airlines Inc/AAdvantage Loyalty IP Ltd                                  | CUSIP: 00253XAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |     58000 | PA      | $58221.87     | 0.01%             | 2029-04-20      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| SeaWorld Parks & Entertainment Inc                   | SeaWorld Parks & Entertainment Inc 2024 Term Loan B3                             | CUSIP: 78488CAL4<br>LEI: 549300UZV72O3371JJ53 | Long             | LON              | CORP              | US        |     54551 | PA      | $54414.50     | 0.01%             | 2031-12-04      | Floating      | 6.16%                 | No            |                  2 | On Loan: No      |
| GFL ENVIRONMENTAL INC                                | GFL Environmental Inc                                                            | CUSIP: 36168QAP9<br>LEI: 894500E7NLBY9VZRT696 | Long             | DBT              | CORP              | CA        |    629000 | PA      | $613658.31    | 0.06%             | 2029-08-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| WILSONART LLC                                        | Wilsonart LLC                                                                    | CUSIP: 97246JAA6<br>LEI: 549300SAZRUMYKDJBY14 | Long             | DBT              | CORP              | US        |    426000 | PA      | $414689.15    | 0.04%             | 2032-08-15      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| CK HUTCHISON INTNTL 21                               | CK Hutchison International 21 Ltd                                                | CUSIP: 000000000<br>LEI: 254900E16YL0NL5TFN79 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $181354.30    | 0.02%             | 2031-04-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                  | RRP ROCKET MORT                                                                  | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |    -90145 | PA      | $-90145.00    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| INVERSION ESCROW ISSUER                              | Inversion Escrow Issuer LLC                                                      | CUSIP: 46150DAA0<br>LEI: 254900P6GHORGRVLKI95 | Long             | DBT              | CORP              | US        |    400000 | PA      | $394045.47    | 0.04%             | 2032-08-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ALLIED UNIVERSAL HOLDCO                              | Allied Universal Holdco LLC/Allied Universal Finance Corp/Atlas Luxco 4 Sarl     | CUSIP: 049362AA4<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |   1460000 | PA      | $1431622.10   | 0.13%             | 2028-06-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| ALBION FINANCING 1SARL /                             | Albion Financing 1 SARL / Aggreko Holdings Inc                                   | CUSIP: 01330AAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |    617000 | PA      | $638163.10    | 0.06%             | 2030-05-21      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Motion Finco Sarl                                    | Motion Finco Sarl 2024 USD Term Loan B                                           | CUSIP: 000000000<br>LEI: 2549002L1LBQZKA7UN30 | Long             | LON              | CORP              | LU        |    253915 | PA      | $227063.39    | 0.02%             | 2029-11-12      | Floating      | 7.50%                 | No            |                  2 | On Loan: No      |
| PERFORMANCE FOOD GROUP I                             | Performance Food Group Inc                                                       | CUSIP: 71376LAE0<br>LEI: 549300OMUOGBYK0FFO76 | Long             | DBT              | CORP              | US        |    851000 | PA      | $826649.91    | 0.08%             | 2029-08-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Garrett LX I SARL                                    | Garrett LX I SARL 2025 USD Term Loan B                                           | CUSIP: 36649XAG3<br>LEI: 549300LKYJ4RR1ELO069 | Long             | LON              | CORP              | LU        |     13930 | PA      | $13895.18     | 0.00%             | 2032-01-30      | Floating      | 6.31%                 | No            |                  2 | On Loan: No      |
| LGI HOMES INC                                        | LGI Homes Inc                                                                    | CUSIP: 50187TAK2<br>LEI: 549300W02B4WNV8CV109 | Long             | DBT              | CORP              | US        |    334000 | PA      | $326125.95    | 0.03%             | 2032-11-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| ICAHN ENTERPRISES/FIN                                | Icahn Enterprises LP / Icahn Enterprises Finance Corp                            | CUSIP: 451102CK1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    110000 | PA      | $110485.94    | 0.01%             | 2029-11-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                 | Bank of America Corp                                                             | CUSIP: 06051GKQ1<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   9380000 | PA      | $9378061.25   | 0.88%             | 2033-04-27      | Fixed         | 4.57%                 | No            |                  2 | On Loan: No      |
| JELD-WEN INC                                         | JELD-WEN Inc                                                                     | CUSIP: 47580PAA1<br>LEI: 549300XWE6NM0N1HFW16 | Long             | DBT              | CORP              | US        |    290000 | PA      | $244898.65    | 0.02%             | 2032-09-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Kraft Heinz Foods Co                                 | Kraft Heinz Foods Co                                                             | CUSIP: 42307TAH1<br>LEI: 5493003STKEZ2S0RNU91 | Long             | DBT              | CORP              | US        |   4415000 | PA      | $5036466.48   | 0.47%             | 2039-08-01      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| CLEAR CHANNEL OUTDOOR HO                             | Clear Channel Outdoor Holdings Inc                                               | CUSIP: 18453HAF3<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |    901000 | PA      | $946073.43    | 0.09%             | 2030-04-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| WYNN LAS VEGAS LLC/CORP                              | Wynn Las Vegas LLC / Wynn Las Vegas Capital Corp                                 | CUSIP: 983130AX3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      3000 | PA      | $2996.80      | 0.00%             | 2027-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NISSAN MOTOR CO                                      | Nissan Motor Co Ltd                                                              | CUSIP: 654922AC7<br>LEI: 353800DRBDH1LUTNAY26 | Long             | DBT              | CORP              | JP        |    266000 | PA      | $281497.91    | 0.03%             | 2032-07-17      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS CO LLC                             | Vistra Operations Co LLC                                                         | CUSIP: 92840VAR3<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |    420000 | PA      | $439268.24    | 0.04%             | 2032-04-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| SERVICE CORP INTL                                    | Service Corp International/US                                                    | CUSIP: 817565CF9<br>LEI: 549300RKVM2ME20JHZ15 | Long             | DBT              | CORP              | US        |   1331000 | PA      | $1233260.96   | 0.12%             | 2030-08-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| CLARIV SCI HLD CORP                                  | Clarivate Science Holdings Corp                                                  | CUSIP: 18064PAD1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1060000 | PA      | $1001730.42   | 0.09%             | 2029-07-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| VIKING CRUISES LTD                                   | Viking Cruises Ltd                                                               | CUSIP: 92676XAH0<br>LEI: 549300IJP90T4MV2GL84 | Long             | DBT              | CORP              | BM        |    780000 | PA      | $780547.39    | 0.07%             | 2033-10-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| ANB TIER 1 SUKUK CO LTD                              | ANB Tier 1 Sukuk Co Ltd                                                          | CUSIP: 000000000<br>LEI: 2549002ATOBA47FG6E54 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $200937.50    | 0.02%             | 2030-09-09      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| IRON MOUNTAIN INC                                    | Iron Mountain Inc                                                                | CUSIP: 000000000<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              |  | US        |    265000 | PA      | $311809.76    | 0.03%             | 2034-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Merck & Co Inc                                       | Merck & Co Inc                                                                   | CUSIP: 806605AG6<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | DBT              | CORP              | US        |   6420000 | PA      | $7285483.86   | 0.68%             | 2033-12-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| RESIDEO FUNDING INC                                  | Resideo Funding Inc                                                              | CUSIP: 76119LAB7<br>LEI: 5493000IFJ6XJKH66598 | Long             | DBT              | CORP              | US        |     97000 | PA      | $92655.37     | 0.01%             | 2029-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LAS VEGAS SANDS CORP                                 | Las Vegas Sands Corp                                                             | CUSIP: 517834AF4<br>LEI: 549300DUOO1KXOHPM605 | Long             | DBT              | CORP              | US        |     88000 | PA      | $85125.72     | 0.01%             | 2029-08-08      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| POST HOLDINGS INC                                    | Post Holdings Inc                                                                | CUSIP: 737446AX2<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |    269000 | PA      | $271238.89    | 0.03%             | 2034-10-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Lyb Finance Co Bv                                    | LYB Finance Co BV                                                                | CUSIP: 61238QAA6<br>LEI: 549300BBGA3CFHX0KS75 | Long             | DBT              | CORP              | NL        |   6000000 | PA      | $6287256.54   | 0.59%             | 2027-03-15      | Fixed         | 8.10%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                               | CCO Holdings LLC / CCO Holdings Capital Corp                                     | CUSIP: 1248EPCT8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2701000 | PA      | $2786851.29   | 0.26%             | 2031-03-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                               | US 5YR NOTE (CBT) DEC25                                                          | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |       957 | NC      | $265902.21    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| SIRIUS XM RADIO LLC                                  | Sirius XM Radio LLC                                                              | CUSIP: 82967NBL1<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |     53000 | PA      | $52268.66     | 0.00%             | 2026-09-01      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| CIFC Funding Ltd                                     | CIFC Funding 2020-II Ltd                                                         | CUSIP: 12547LAL2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1200000 | PA      | $1202448.00   | 0.11%             | 2034-10-20      | Floating      | 5.76%                 | No            |                  2 | On Loan: No      |
| FIRST QUANTUM MINERALS L                             | First Quantum Minerals Ltd                                                       | CUSIP: 335934AX3<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | DBT              | CORP              | CA        |    240000 | PA      | $247260.00    | 0.02%             | 2034-02-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| SHARJAH SUKUK PROGRAM                                | Sharjah Sukuk Program Ltd                                                        | CUSIP: 000000000<br>LEI: 549300N3BQ9P6RRMVV02 | Long             | DBT              | NUSS              | KY        |    250000 | PA      | $267000.00    | 0.02%             | 2034-03-19      | Fixed         | 6.09%                 | No            |                  2 | On Loan: No      |
| Emrld Borrower LP                                    | EMRLD Borrower LP Term Loan B                                                    | CUSIP: 26872NAC3<br>LEI: 5493000GJYE7GAQCUC61 | Long             | LON              | CORP              | US        |    410419 | PA      | $409028.00    | 0.04%             | 2030-05-31      | Floating      | 6.45%                 | No            |                  2 | On Loan: No      |
| American Tower Corp                                  | American Tower Corp                                                              | CUSIP: 03027XAR1<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              |  | US        |   4000000 | PA      | $3950920.64   | 0.37%             | 2028-01-15      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| CPI HOLDCO B LLC                                     | CPI Holdco B LLC 2024 Term Loan                                                  | CUSIP: 1261MAAB6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    377304 | PA      | $376832.82    | 0.04%             | 2031-05-19      | Floating      | 6.16%                 | No            |                  2 | On Loan: No      |
| RHP HOTEL PPTY/RHP FINAN                             | RHP Hotel Properties LP / RHP Finance Corp                                       | CUSIP: 749571AG0<br>LEI: N/A                  | Long             | DBT              |  | US        |   1704000 | PA      | $1671152.50   | 0.16%             | 2029-02-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| WILLIAMS COMPANIES INC                               | Williams Cos Inc/The                                                             | CUSIP: 969457BM1<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | DBT              | CORP              | US        |   2478000 | PA      | $3006832.66   | 0.28%             | 2032-03-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| JANE STREET GRP/JSG FIN                              | Jane Street Group / JSG Finance Inc                                              | CUSIP: 47077WAD0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    100000 | PA      | $101355.92    | 0.01%             | 2032-11-01      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR COMPANY                                   | Ford Motor Co                                                                    | CUSIP: 345370DA5<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | DBT              | CORP              | US        |    171000 | PA      | $149620.49    | 0.01%             | 2032-02-12      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Fleet Midco I Limited                                | Fleet Midco I Limited 2024 1st Lien Term Loan B                                  | CUSIP: 33902UAD5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     50618 | PA      | $50617.50     | 0.00%             | 2031-02-21      | Floating      | 6.54%                 | No            |                  3 | On Loan: No      |
| ELLUCIAN HOLDINGS INC                                | Ellucian Holdings Inc                                                            | CUSIP: 289178AA3<br>LEI: 549300RP8NIJ7FY7OS79 | Long             | DBT              | CORP              | US        |    661000 | PA      | $671521.80    | 0.06%             | 2029-12-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| CHINA OVERSEAS FIN                                   | China Overseas Finance Cayman VII Ltd                                            | CUSIP: 000000000<br>LEI: 3003003EQA2BE4U94Y86 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $201194.00    | 0.02%             | 2028-04-26      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| RAVEN ACQUISITION HOLDINGS LLC                       | Raven Acquisition Holdings LLC Term Loan B                                       | CUSIP: 75419XAC8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     74592 | PA      | $74545.44     | 0.01%             | 2031-11-19      | Floating      | 7.16%                 | No            |                  2 | On Loan: No      |
| EMRLD BOR / EMRLD CO-ISS                             | EMRLD Borrower LP / Emerald Co-Issuer Inc                                        | CUSIP: 26873CAB8<br>LEI: 98450099EE3A0ZD5F786 | Long             | DBT              | CORP              | US        |    321000 | PA      | $333407.93    | 0.03%             | 2031-07-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| PLAYTIKA HOLDING CORP                                | Playtika Holding Corp                                                            | CUSIP: 72815LAA5<br>LEI: 254900E35Z4TKA4UFG64 | Long             | DBT              | CORP              | US        |    114000 | PA      | $104659.98    | 0.01%             | 2029-03-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                  | RRP FEDEX CORP                                                                   | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |  -5317500 | PA      | $-5317500.00  | -0.50%            |  |  |  | No            |                  2 | On Loan: No      |
| ACURIS FIN US/ACURIS FIN                             | Acuris Finance US Inc / Acuris Finance SARL                                      | CUSIP: 00511BAE7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $209000.00    | 0.02%             | 2029-08-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Buckeye Partners LP                                  | Buckeye Partners LP                                                              | CUSIP: 118230AP6<br>LEI: 549300C1PQJLVEIUBK50 | Long             | DBT              | CORP              | US        |    191000 | PA      | $173625.99    | 0.02%             | 2044-10-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| CLEARWAY ENERGY OP LLC                               | Clearway Energy Operating LLC                                                    | CUSIP: 18539UAC9<br>LEI: 549300Z3NFMM54NWBB87 | Long             | DBT              | CORP              | US        |    592000 | PA      | $584857.52    | 0.05%             | 2028-03-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| PENNYMAC FIN SVCS INC                                | PennyMac Financial Services Inc                                                  | CUSIP: 70932MAH0<br>LEI: 549300W1D516HBDEU871 | Long             | DBT              | CORP              | US        |    212000 | PA      | $216258.23    | 0.02%             | 2034-02-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Boxer Parent Company Inc                             | Boxer Parent Company Inc 2025 USD Term Loan B                                    | CUSIP: 05988HAQ0<br>LEI: 5493006T045HLTF7YX04 | Long             | LON              | CORP              | US        |    451755 | PA      | $450765.66    | 0.04%             | 2031-07-30      | Floating      | 7.20%                 | No            |                  2 | On Loan: No      |
| BUILDERS FIRSTSOURCE INC                             | Builders FirstSource Inc                                                         | CUSIP: 12008RAS6<br>LEI: 549300W0SKP6L3H7DP63 | Long             | DBT              | CORP              | US        |    209000 | PA      | $215292.15    | 0.02%             | 2034-03-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| BCPE Pequod Buyer Inc                                | BCPE Pequod Buyer Inc USD Term Loan B                                            | CUSIP: 05624AAB8<br>LEI: 254900HEEOS2IWC84V94 | Long             | LON              | CORP              | US        |    172568 | PA      | $172783.21    | 0.02%             | 2031-11-25      | Floating      | 7.16%                 | No            |                  2 | On Loan: No      |
| HUSKY INJECTION / TITAN                              | Husky Injection Molding Systems Ltd / Titan Co-Borrower LLC                      | CUSIP: 44805RAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    736000 | PA      | $769260.55    | 0.07%             | 2029-02-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| RAND PARENT LLC                                      | Rand Parent LLC                                                                  | CUSIP: 753272AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    311000 | PA      | $323149.22    | 0.03%             | 2030-02-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                                     | CSC Holdings LLC                                                                 | CUSIP: 126307BM8<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |   1689000 | PA      | $1563605.09   | 0.15%             | 2028-05-15      | Fixed         | 11.25%                | No            |                  2 | On Loan: No      |
| FTAI AVIATION INVESTORS                              | FTAI Aviation Investors LLC                                                      | CUSIP: 34960PAH4<br>LEI: 529900E7PUVK6BC8PE80 | Long             | DBT              | CORP              | US        |    585000 | PA      | $588669.12    | 0.06%             | 2033-04-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| NRG Energy Inc                                       | NRG Energy Inc 2024 Term Loan                                                    | CUSIP: 62937NBC0<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | LON              | CORP              | US        |    464475 | PA      | $464331.15    | 0.04%             | 2031-04-16      | Floating      | 6.06%                 | No            |                  2 | On Loan: No      |
| SUNOCO LP/FINANCE CORP                               | Sunoco LP / Sunoco Finance Corp                                                  | CUSIP: 86765LAN7<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |    317000 | PA      | $317082.42    | 0.03%             | 2028-03-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| SAZERAC COMPANY INC                                  | Sazerac Company Inc Term Loan B                                                  | CUSIP: 80583EAN6<br>LEI: 9QU0CG1O4LSOB6IFK895 | Long             | LON              | CORP              | US        |    151000 | PA      | $151839.56    | 0.01%             | 2032-07-09      | Floating      | 6.70%                 | No            |                  2 | On Loan: No      |
| LG CHEM LTD                                          | LG Chem Ltd                                                                      | CUSIP: 000000000<br>LEI: 988400IES4EIG7O06940 | Long             | DBT              | CORP              | KR        |    200000 | PA      | $175970.00    | 0.02%             | 2031-07-07      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| Golub Capital Partners CLO, LTD                      | Golub Capital Partners 48 LP                                                     | CUSIP: 38177DAQ1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1500000 | PA      | $1504969.65   | 0.14%             | 2038-04-17      | Floating      | 5.63%                 | No            |                  2 | On Loan: No      |
| Indonesia Government International Bonds             | Indonesia Government International Bonds                                         | CUSIP: 455780DR4<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        |    200000 | PA      | $201750.00    | 0.02%             | 2033-01-11      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| Air Canada                                           | Air Canada 2024 Term Loan B                                                      | CUSIP: 000000000<br>LEI: 4B4HI3CGXMBDC0G6BM51 | Long             | LON              | CORP              | CA        |    211579 | PA      | $211315.02    | 0.02%             | 2031-03-21      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| GoldenTree Loan Management US CLO, LTD               | GoldenTree Loan Management US CLO 24 Ltd                                         | CUSIP: 38139VAC9<br>LEI: 254900PS1VHPJR2OTF82 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1001002.10   | 0.09%             | 2038-10-20      | Floating      | 5.43%                 | No            |                  2 | On Loan: No      |
| MAGNOLIA OIL GAS/MAG FIN                             | Magnolia Oil & Gas Operating LLC / Magnolia Oil & Gas Finance Corp               | CUSIP: 559665AB0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    187000 | PA      | $191902.21    | 0.02%             | 2032-12-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| GLOBAL AUTO HO/AAG FH UK                             | Global Auto Holdings Ltd/AAG FH UK Ltd                                           | CUSIP: 00033YAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |    200000 | PA      | $211000.00    | 0.02%             | 2029-08-15      | Fixed         | 11.50%                | No            |                  2 | On Loan: No      |
| NOVELIS CORP                                         | Novelis Corp                                                                     | CUSIP: 670001AN6<br>LEI: 549300G5F3W3B52WYL23 | Long             | DBT              | CORP              | US        |    869000 | PA      | $877981.72    | 0.08%             | 2033-08-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Asurion LLC                                          | Asurion LLC 2023 Term Loan B11                                                   | CUSIP: 04649VBC3<br>LEI: 549300KNQVXGIOXWK278 | Long             | LON              | CORP              | US        |    132946 | PA      | $133324.81    | 0.01%             | 2028-08-19      | Floating      | 8.51%                 | No            |                  2 | On Loan: No      |
| NOBLE FINANCE II LLC                                 | Noble Finance II LLC                                                             | CUSIP: 65505PAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    108000 | PA      | $111786.37    | 0.01%             | 2030-04-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS SA                                       | RRP GENERAL DYN                                                                  | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | Short            | RA               | CORP              | US        |  -1003275 | PA      | $-1003275.00  | -0.09%            |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                  | RRP GENERAL MOT                                                                  | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |   -657525 | PA      | $-657525.00   | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| RLGH FINANCE BERMUDA LTD                             | RLGH Finance Bermuda Ltd                                                         | CUSIP: 000000000<br>LEI: 549300JARQYXR76TRX40 | Long             | DBT              | CORP              | BM        |    275000 | PA      | $293393.31    | 0.03%             | 2035-07-02      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| TMK Hawk Parent Corp                                 | TMK Hawk Parent Corp 2024 PIK Term Loan                                          | CUSIP: 87258WAW5<br>LEI: 5493005BF4TIZRN1TY89 | Long             | LON              | CORP              | US        |      2422 | PA      | $0.00         | 0.00%             | 2031-12-15      | Fixed         | 11.00%                | No            |                  3 | On Loan: No      |
| KINDER MORGAN INC                                    | Kinder Morgan Inc                                                                | CUSIP: 28368EAE6<br>LEI: 549300WR7IX8XE0TBO16 | Long             | DBT              | CORP              | US        |   4586000 | PA      | $5332550.26   | 0.50%             | 2032-01-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| STATION CASINOS LLC                                  | Station Casinos LLC                                                              | CUSIP: 857691AH2<br>LEI: 5493004E7Q60TX54WL62 | Long             | DBT              | CORP              | US        |    976000 | PA      | $920675.34    | 0.09%             | 2031-12-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| EDELMAN FINANCIAL CENTER LLC                         | Edelman Financial Center LLC 2024 Term Loan                                      | CUSIP: 27943UAM8<br>LEI: 549300Z31KZXNP05U733 | Long             | LON              | CORP              | US        |    191284 | PA      | $191353.19    | 0.02%             | 2028-04-07      | Floating      | 7.16%                 | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                  | RRP UNITED AIRL                                                                  | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |   -506605 | PA      | $-506605.00   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| SINCLAIR TELEVISION GROU                             | Sinclair Television Group Inc                                                    | CUSIP: 829259BH2<br>LEI: 549300CQGEN0CH65UD62 | Long             | DBT              | CORP              | US        |    875000 | PA      | $897986.22    | 0.08%             | 2033-02-15      | Fixed         | 8.13%                 | No            |                  2 | On Loan: No      |
| NISSAN MOTOR CO                                      | Nissan Motor Co Ltd                                                              | CUSIP: 654922AD5<br>LEI: 353800DRBDH1LUTNAY26 | Long             | DBT              | CORP              | JP        |    789000 | PA      | $846987.56    | 0.08%             | 2035-07-17      | Fixed         | 8.13%                 | No            |                  2 | On Loan: No      |
| GATES CORPORATION/DE                                 | Gates Corp/DE                                                                    | CUSIP: 367398AA2<br>LEI: 984500F43C791F4C7894 | Long             | DBT              | CORP              | US        |    419000 | PA      | $434775.35    | 0.04%             | 2029-07-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| H-Food Holdings LLC                                  | H-Food Holdings LLC 2025 Exit Term Loan                                          | CUSIP: 000000000<br>LEI: 549300JY2LK0EQ95YT44 | Long             | LON              | CORP              | US        |     17605 | PA      | $17766.88     | 0.00%             | 2030-03-29      | Floating      | 10.81%                | No            |                  2 | On Loan: No      |
| ARDONAGH GROUP FINANCE                               | Ardonagh Group Finance Ltd                                                       | CUSIP: 039956AA5<br>LEI: 254900SRT1BTAJ76NW62 | Long             | DBT              | CORP              | JE        |   1767000 | PA      | $1857637.01   | 0.17%             | 2032-02-15      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                               | CCO Holdings LLC / CCO Holdings Capital Corp                                     | CUSIP: 1248EPCE1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    113000 | PA      | $106718.86    | 0.01%             | 2030-08-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| KASIKORNBANK PCL HK                                  | Kasikornbank PCL/Hong Kong                                                       | CUSIP: 000000000<br>LEI: 5493004COSQ54937AW41 | Long             | DBT              | CORP              | TH        |    468000 | PA      | $459440.28    | 0.04%             | 2031-10-02      | Fixed         | 3.34%                 | No            |                  2 | On Loan: No      |
| Garda World Security Corporation                     | Garda World Security Corporation 2025 Term Loan B                                | CUSIP: 000000000<br>LEI: 549300ZF1NDXLMCHNO20 | Long             | LON              | CORP              | CA        |    265728 | PA      | $265661.52    | 0.02%             | 2029-02-01      | Floating      | 7.17%                 | No            |                  2 | On Loan: No      |
| KASIKORNBANK PCL HK                                  | Kasikornbank PCL/Hong Kong                                                       | CUSIP: 000000000<br>LEI: 5493004COSQ54937AW41 | Long             | DBT              | CORP              | TH        |    300000 | PA      | $294657.00    | 0.03%             | 2027-02-10      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SIMMONS FOOD INC/SIMMONS                             | Simmons Foods Inc/Simmons Prepared Foods Inc/Simmons Pet Food Inc/Simmons Feed   | CUSIP: 82873MAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    275000 | PA      | $263633.81    | 0.02%             | 2029-03-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| Silver Point CLO, Ltd                                | Silver Point Clo 4 Ltd                                                           | CUSIP: 82809EAA8<br>LEI: 254900DVAEEJOXQ8PL85 | Long             | ABS-CBDO         | CORP              | JE        |   1000000 | PA      | $1003447.10   | 0.09%             | 2037-04-15      | Floating      | 5.95%                 | No            |                  2 | On Loan: No      |
| DEVON ENERGY CORPORATION                             | Devon Energy Corp                                                                | CUSIP: 25179MBD4<br>LEI: 54930042348RKR3ZPN35 | Long             | DBT              | CORP              | US        |    130000 | PA      | $130009.58    | 0.01%             | 2027-10-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MANAPPURAM FINANCE LTD                               | Manappuram Finance Ltd                                                           | CUSIP: 000000000<br>LEI: 335800JL5WTUSKOSPN77 | Long             | DBT              | CORP              | IN        |    200000 | PA      | $204500.00    | 0.02%             | 2028-05-12      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| NORTHERN OIL & GAS INC                               | Northern Oil & Gas Inc                                                           | CUSIP: 665531AL3<br>LEI: OKFF0PIZDDMNH4UCYE51 | Long             | DBT              | CORP              | US        |    635000 | PA      | $632487.48    | 0.06%             | 2033-10-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| GARDA WORLD SECURITY                                 | Garda World Security Corp                                                        | CUSIP: 36485MAP4<br>LEI: 549300ZF1NDXLMCHNO20 | Long             | DBT              | CORP              | CA        |   1138000 | PA      | $1181274.34   | 0.11%             | 2032-11-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| GTCR EVEREST BORROWER LLC                            | GTCR Everest Borrower LLC Add on Term Loan B                                     | CUSIP: 36269YAD7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     64838 | PA      | $64832.31     | 0.01%             | 2031-09-05      | Floating      | 6.75%                 | No            |                  2 | On Loan: No      |
| JP MORGAN SECURITIES LLC                             | RRP NORTHROP GR                                                                  | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | Short            | RA               | CORP              | US        |  -2798375 | PA      | $-2798375.00  | -0.26%            |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                  | RRP SBA COMMUNI                                                                  | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |  -1679261 | PA      | $-1679261.25  | -0.16%            |  |  |  | No            |                  2 | On Loan: No      |
| SINOPEC GRP DEV 2018                                 | Sinopec Group Overseas Development 2018 Ltd                                      | CUSIP: 000000000<br>LEI: 549300C6OZZ8LTVR8209 | Long             | DBT              | CORP              | VG        |    500000 | PA      | $463475.00    | 0.04%             | 2031-01-08      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| ENBRIDGE INC                                         | Enbridge Inc                                                                     | CUSIP: 29250NBZ7<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |   5595000 | PA      | $6248228.84   | 0.58%             | 2053-11-15      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| Altice France SA                                     | Altice France SA 2023 USD Term Loan B14                                          | CUSIP: 000000000<br>LEI: 5493001ZMCICV4N02J21 | Long             | LON              | CORP              | FR        |    284988 | PA      | $275013.17    | 0.03%             | 2028-08-15      | Floating      | 9.82%                 | No            |                  3 | On Loan: No      |
| BANK OF EAST ASIA LTD                                | Bank of East Asia Ltd/The                                                        | CUSIP: 000000000<br>LEI: CO6GC26LCGGRTUESIP55 | Long             | DBT              | CORP              | HK        |    750000 | PA      | $747540.00    | 0.07%             | 2032-04-22      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                          | Oracle Corp                                                                      | CUSIP: 68389XCQ6<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |   1280000 | PA      | $1211167.39   | 0.11%             | 2053-02-06      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| HILCORP ENERGY I/HILCORP                             | Hilcorp Energy I LP / Hilcorp Finance Co                                         | CUSIP: 431318BE3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    537000 | PA      | $516298.33    | 0.05%             | 2034-05-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| JP MORGAN SECURITIES LLC                             | RRP NETFLIX INC                                                                  | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | Short            | RA               | CORP              | US        |   -452356 | PA      | $-452356.25   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| MAYA SAS/FRANCE                                      | Maya SAS/Paris France                                                            | CUSIP: 449691AC8<br>LEI: 9695009PXA7OI9NXN582 | Long             | DBT              | CORP              | FR        |    735000 | PA      | $746782.37    | 0.07%             | 2028-10-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS SA                                       | RRP QUALCOMM IN                                                                  | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | Short            | RA               | CORP              | US        |  -1988018 | PA      | $-1988017.50  | -0.19%            |  |  |  | No            |                  2 | On Loan: No      |
| TELENET FINANCE LUX NOTE                             | Telenet Finance Luxembourg Notes Sarl                                            | CUSIP: 000000000<br>LEI: 2138007RI9GLJPCC3E25 | Long             | DBT              | CORP              | LU        |   1000000 | PA      | $994144.81    | 0.09%             | 2028-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| APH/APH2/APH3/AQUARIAN                               | APH Somerset Investor 2 LLC / APH2 Somerset Investor 2 LLC / APH3 Somerset Inves | CUSIP: 00188QAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    333000 | PA      | $347525.46    | 0.03%             | 2029-11-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                | RRP CITIGROUP I                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |  -4274531 | PA      | $-4274531.25  | -0.40%            |  |  |  | No            |                  2 | On Loan: No      |
| Dynasty Acquisition Co Inc                           | Dynasty Acquisition Co Inc 2024 1st Lien Term Loan B2                            | CUSIP: 26812CAP1<br>LEI: 549300L1RCRPOAUCB870 | Long             | LON              | CORP              | US        |    123520 | PA      | $123514.03    | 0.01%             | 2031-10-31      | Floating      | 6.16%                 | No            |                  2 | On Loan: No      |
| SPECTRIS PLC                                         | SPECTRIS PLC USD TERM LOAN                                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     33000 | PA      | $33041.25     | 0.00%             | 2032-09-24      | Floating      | 6.89%                 | No            |                  3 | On Loan: No      |
| NGL ENRGY OP/FIN CORP                                | NGL Energy Operating LLC / NGL Energy Finance Corp                               | CUSIP: 62922LAC2<br>LEI: 5299005YSRP46BE8Z459 | Long             | DBT              | CORP              | US        |    542000 | PA      | $555722.36    | 0.05%             | 2029-02-15      | Fixed         | 8.13%                 | No            |                  2 | On Loan: No      |
| AMYNTA AGENCY/WARRANTY                               | Amynta Agency Borrower Inc and Amynta Warranty Borrower Inc                      | CUSIP: 03238AAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    439000 | PA      | $449380.59    | 0.04%             | 2033-07-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| GFL ENVIRONMENTAL INC                                | GFL Environmental Inc                                                            | CUSIP: 36168QAL8<br>LEI: 894500E7NLBY9VZRT696 | Long             | DBT              | CORP              | CA        |     36000 | PA      | $35146.10     | 0.00%             | 2028-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SOMNIGROUP INTERNATIONAL INC                         | Somnigroup International Inc Term Loan B                                         | CUSIP: 88025BAP6<br>LEI: 549300HFEKVR3US71V91 | Long             | LON              | CORP              | US        |     79937 | PA      | $80337.05     | 0.01%             | 2031-10-24      | Floating      | 6.37%                 | No            |                  2 | On Loan: No      |
| General Mills Inc                                    | General Mills Inc                                                                | CUSIP: 370334CG7<br>LEI: 2TGYMUGI08PO8X8L6150 | Long             | DBT              | CORP              | US        |    620000 | PA      | $621180.86    | 0.06%             | 2028-04-17      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| CHURCHILL DOWNS INC                                  | Churchill Downs Inc                                                              | CUSIP: 171484AJ7<br>LEI: 529900FODTBQC8MIS994 | Long             | DBT              | CORP              | US        |    560000 | PA      | $573918.91    | 0.05%             | 2031-05-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| BLACKSTONE MORTGAGE TR                               | Blackstone Mortgage Trust Inc                                                    | CUSIP: 09257WAD2<br>LEI: 549300OLDJ20R2Y2UW20 | Long             | DBT              |  | US        |    368000 | PA      | $359264.01    | 0.03%             | 2027-01-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| SHINHAN CARD CO LTD                                  | Shinhan Card Co Ltd                                                              | CUSIP: 000000000<br>LEI: 988400VPS0FMK2WR8F98 | Long             | DBT              | CORP              | KR        |    200000 | PA      | $199640.00    | 0.02%             | 2025-10-19      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| BEAZER HOMES USA                                     | Beazer Homes USA Inc                                                             | CUSIP: 07556QBR5<br>LEI: 549300DUPYT2T0F60I45 | Long             | DBT              | CORP              | US        |     72000 | PA      | $71955.03     | 0.01%             | 2027-10-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                                     | T-Mobile USA Inc                                                                 | CUSIP: 87264ABV6<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    676000 | PA      | $656348.43    | 0.06%             | 2029-04-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| SUNOCO LP                                            | Sunoco LP                                                                        | CUSIP: 86765KAG4<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |    161000 | PA      | $159606.04    | 0.01%             | 2034-03-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| ARCHROCK PARTNERS LP/FIN                             | Archrock Partners LP / Archrock Partners Finance Corp                            | CUSIP: 03959KAD2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    672000 | PA      | $689325.50    | 0.06%             | 2032-09-01      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| ZELIS PAYMENTS BUYER INC                             | Zelis Payments Buyer Inc 5th Amendment Term Loan                                 | CUSIP: 98932TAH6<br>LEI: 549300U8NGLZN5R1Y309 | Long             | LON              | CORP              | US        |    300490 | PA      | $300339.76    | 0.03%             | 2031-11-26      | Floating      | 7.41%                 | No            |                  2 | On Loan: No      |
| MAGNERA CORP                                         | Magnera Corp                                                                     | CUSIP: 55939AAA5<br>LEI: 549300LDQLQBT38QDY28 | Long             | DBT              | CORP              | US        |    183000 | PA      | $172199.34    | 0.02%             | 2031-11-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| CHOBANI LLC/FINANCE CORP                             | Chobani LLC / Chobani Finance Corp Inc                                           | CUSIP: 17027NAC6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1660000 | PA      | $1730960.02   | 0.16%             | 2029-07-01      | Fixed         | 7.63%                 | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                  | RRP INTERNATION                                                                  | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |  -4765000 | PA      | $-4765000.00  | -0.45%            |  |  |  | No            |                  2 | On Loan: No      |
| RBC CAPITAL MARKETS LLC                              | RRP RAYTHEON TE                                                                  | CUSIP: 000000000<br>LEI: 549300LCO2FLSSVFFR64 | Short            | RA               | CORP              | US        |  -2342175 | PA      | $-2342175.00  | -0.22%            |  |  |  | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                        | TransDigm Inc 2024 Term Loan L                                                   | CUSIP: 89364MCD4<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | LON              | CORP              | US        |    252450 | PA      | $252275.81    | 0.02%             | 2032-01-19      | Floating      | 6.50%                 | No            |                  2 | On Loan: No      |
| ELASTIC NV                                           | Elastic NV                                                                       | CUSIP: 28415LAA1<br>LEI: 2549003I48WHHH937I59 | Long             | DBT              | CORP              | NL        |    718000 | PA      | $689210.64    | 0.06%             | 2029-07-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| RHP Hotel Properties LP                              | RHP Hotel Properties LP 2024 1st Lien Term Loan B                                | CUSIP: 74958NAL0<br>LEI: 549300SJMSMA2471GA96 | Long             | LON              |  | US        |     78459 | PA      | $78394.10     | 0.01%             | 2030-05-20      | Floating      | 6.16%                 | No            |                  2 | On Loan: No      |
| PARAMOUNT GLOBAL                                     | Paramount Global                                                                 | CUSIP: 92553PAU6<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | DBT              | CORP              | US        |   1300000 | PA      | $1187348.40   | 0.11%             | 2043-09-01      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| RR Ltd                                               | RR 29 LTD                                                                        | CUSIP: 74989VAC5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $2011140.00   | 0.19%             | 2039-07-15      | Floating      | 6.02%                 | No            |                  2 | On Loan: No      |
| ZIGGO BV                                             | Ziggo BV                                                                         | CUSIP: 98955DAA8<br>LEI: 213800TQASLF9JXH5J59 | Long             | DBT              | CORP              | NL        |    200000 | PA      | $188771.36    | 0.02%             | 2030-01-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| BROOKFIELD RESID PROPERT                             | Brookfield Residential Properties Inc / Brookfield Residential US LLC            | CUSIP: 11283YAD2<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    699000 | PA      | $655550.16    | 0.06%             | 2030-02-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| ATI INC                                              | ATI Inc                                                                          | CUSIP: 01741RAH5<br>LEI: ZW1LRE7C3H17O2ZN9B45 | Long             | DBT              | CORP              | US        |    253000 | PA      | $253483.74    | 0.02%             | 2027-12-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| HSBC SECURITIES USA, INC.                            | RRP T MOBILE US                                                                  | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | Short            | RA               | CORP              | US        |   -967415 | PA      | $-967415.00   | -0.09%            |  |  |  | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                | RRP AETNA INC 3                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |  -2428125 | PA      | $-2428125.00  | -0.23%            |  |  |  | No            |                  2 | On Loan: No      |
| Ensemble RCM LLC                                     | Ensemble RCM LLC 2024 Term Loan B                                                | CUSIP: 29359BAE1<br>LEI: 254900PDXJVVI20WAQ37 | Long             | LON              | CORP              | US        |    213488 | PA      | $213940.68    | 0.02%             | 2029-08-01      | Floating      | 7.31%                 | No            |                  2 | On Loan: No      |
| NOMURA SECURITIES INTERNATIONAL INC                  | RRP AMERICAN AI                                                                  | CUSIP: 000000000<br>LEI: OXTKY6Q8X53C9ILVV871 | Short            | RA               | CORP              | US        |   -376650 | PA      | $-376650.00   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                        | TransDigm Inc                                                                    | CUSIP: 893647BW6<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |   1068000 | PA      | $1079836.64   | 0.10%             | 2033-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Murphy Oil Corp                                      | Murphy Oil Corp                                                                  | CUSIP: 626717AG7<br>LEI: QBKYQD0ODE7DC7PDIN91 | Long             | DBT              | CORP              | US        |     47000 | PA      | $41096.06     | 0.00%             | 2042-12-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF INDONESIA                                | Indonesia Government International Bond                                          | CUSIP: 455780CR5<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        |    200000 | PA      | $146800.00    | 0.01%             | 2050-02-14      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| SUMMIT DIGITEL INFRASTR                              | Summit Digitel Infrastructure Ltd                                                | CUSIP: 000000000<br>LEI: 3358004TNI1SSIQ9BQ37 | Long             | DBT              | CORP              | IN        |    200000 | PA      | $179848.00    | 0.02%             | 2031-08-12      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS SA                                       | RRP CCO HOLDING                                                                  | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | Short            | RA               | CORP              | US        |   -929419 | PA      | $-929418.75   | -0.09%            |  |  |  | No            |                  2 | On Loan: No      |
| VEDANTA RESOURCES                                    | Vedanta Resources Finance II PLC                                                 | CUSIP: 000000000<br>LEI: 8945002DGA3BBXO3N634 | Long             | DBT              | CORP              | GB        |    300000 | PA      | $314062.50    | 0.03%             | 2029-09-17      | Fixed         | 10.88%                | No            |                  2 | On Loan: No      |
| VISTRA CORP                                          | Vistra Operations Co LLC                                                         | CUSIP: 92840VAF9<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |     23000 | PA      | $22923.89     | 0.00%             | 2027-07-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| REWORLD HOLDING CORP                                 | Reworld Holding Corp Term Loan C                                                 | CUSIP: 22282GAN7<br>LEI: 40XIFLS8XDQGGHGPGC04 | Long             | LON              | CORP              | US        |      6272 | PA      | $6271.78      | 0.00%             | 2028-11-30      | Floating      | 6.39%                 | No            |                  2 | On Loan: No      |
| PENNYMAC FIN SVCS INC                                | PennyMac Financial Services Inc                                                  | CUSIP: 70932MAE7<br>LEI: 549300W1D516HBDEU871 | Long             | DBT              | CORP              | US        |    307000 | PA      | $319667.43    | 0.03%             | 2030-11-15      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| BALL CORP                                            | Ball Corp                                                                        | CUSIP: 000000000<br>LEI: 0BGI85ALH27ZJP15DY16 | Long             | DBT              | CORP              | US        |    185000 | PA      | $222155.25    | 0.02%             | 2032-07-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| ENPRO INC                                            | Enpro Inc                                                                        | CUSIP: 29355XAH0<br>LEI: 549300Y5CFT2LKCFDN54 | Long             | DBT              | CORP              | US        |    208000 | PA      | $212585.02    | 0.02%             | 2033-06-01      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| UNITED AIR 2020-1 A PTT                              | United Airlines 2020-1 Class A Pass Through Trust                                | CUSIP: 90931GAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2503628 | PA      | $2573436.27   | 0.24%             | 2027-10-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Caesars Entertainment Inc                            | Caesars Entertainment Inc 2024 Term Loan B1                                      | CUSIP: 12768EAH9<br>LEI: 549300FA4CTCW903Y781 | Long             | LON              | CORP              | US        |    535341 | PA      | $533558.66    | 0.05%             | 2031-02-06      | Floating      | 6.41%                 | No            |                  2 | On Loan: No      |
| BARCLAYS CAPITAL INC                                 | RRP EXXON MOBIL                                                                  | CUSIP: 000000000<br>LEI: AC28XWWI3WIBK2824319 | Short            | RA               | CORP              | US        |  -2737588 | PA      | $-2737587.50  | -0.26%            |  |  |  | No            |                  2 | On Loan: No      |
| BEACH ACQUISITION BIDCO                              | Beach Acquisition Bidco LLC                                                      | CUSIP: 07337JAC1<br>LEI: 254900F2FNX3GBTB6202 | Long             | DBT              | CORP              | US        |   1071000 | PA      | $1155247.00   | 0.11%             | 2033-07-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| CLEAR CHANNEL OUTDOOR HO                             | Clear Channel Outdoor Holdings Inc                                               | CUSIP: 18453HAD8<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |    488000 | PA      | $473952.14    | 0.04%             | 2029-06-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Pakistan Government International Bonds              | Pakistan Government International Bonds                                          | CUSIP: 000000000<br>LEI: 529900LOP29R5WKHOD86 | Long             | DBT              | NUSS              | PK        |    200000 | PA      | $196000.00    | 0.02%             | 2031-04-08      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| PRA Health Sciences Inc                              | PRA Health Sciences Inc                                                          | CUSIP: 45569KAA1<br>LEI: 549300R1HR1VWWHIAK47 | Long             | DBT              | CORP              | US        |    707000 | PA      | $697245.97    | 0.07%             | 2026-07-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| CENTRAL GARDEN & PET CO                              | Central Garden & Pet Co                                                          | CUSIP: 153527AN6<br>LEI: 5493004DVZLD37DJ0H83 | Long             | DBT              | CORP              | US        |    159000 | PA      | $151027.20    | 0.01%             | 2030-10-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| HSBC SECURITIES USA, INC.                            | RRP SPRINT LLC                                                                   | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | Short            | RA               | CORP              | US        |  -1046680 | PA      | $-1046680.00  | -0.10%            |  |  |  | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                | RRP JPMORGAN CH                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |  -2292500 | PA      | $-2292500.00  | -0.21%            |  |  |  | No            |                  2 | On Loan: No      |
| Asplundh Tree Expert LLC                             | Asplundh Tree Expert LLC 2021 Term Loan B                                        | CUSIP: 04538FAD1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    280107 | PA      | $279963.82    | 0.03%             | 2027-09-07      | Floating      | 6.01%                 | No            |                  2 | On Loan: No      |
| SERVICE CORP INTL                                    | Service Corp International/US                                                    | CUSIP: 817565CG7<br>LEI: 549300RKVM2ME20JHZ15 | Long             | DBT              | CORP              | US        |    364000 | PA      | $343195.18    | 0.03%             | 2031-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                               | ISHARES RUSSELL 2000 ETF                                                         | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |     -1502 | NC      | $-1502.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| MEDLINE BORROWER LP                                  | Medline Borrower LP                                                              | CUSIP: 62482BAB8<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |   3037000 | PA      | $3010739.67   | 0.28%             | 2029-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| KRAFT HEINZ FOODS CO                                 | Kraft Heinz Foods Co                                                             | CUSIP: 50077LAX4<br>LEI: 5493003STKEZ2S0RNU91 | Long             | DBT              | CORP              | US        |    100000 | PA      | $91173.28     | 0.01%             | 2039-10-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| SEALED AIR CORP                                      | Sealed Air Corp                                                                  | CUSIP: 812127AC2<br>LEI: Q0M0CZB4YN6JZ65WXI09 | Long             | DBT              | CORP              | US        |     89000 | PA      | $92178.10     | 0.01%             | 2032-07-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FINASTRA USA INC                                     | FINASTRA USA INC 2025 1st LIEN TERM LOAN                                         | CUSIP: 31772YAD8<br>LEI: 549300ZB2RO6QC7YTK71 | Long             | LON              | CORP              | US        |    532000 | PA      | $529531.52    | 0.05%             | 2032-09-15      | Floating      | 8.04%                 | No            |                  2 | On Loan: No      |
| CHARLES RIVER LABORATORI                             | Charles River Laboratories International Inc                                     | CUSIP: 159864AJ6<br>LEI: 549300BSQ0R4UZ5KX287 | Long             | DBT              | CORP              | US        |     68000 | PA      | $63332.58     | 0.01%             | 2031-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| EFESTO BIDCO SPA/US LLC                              | Efesto Bidco SpA Efesto US LLC                                                   | CUSIP: 28201XAB1<br>LEI: N/A                  | Long             | DBT              | CORP              | IT        |   1270000 | PA      | $1292352.00   | 0.12%             | 2032-02-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| GARRETT MOTION HLD/SARL                              | Garrett Motion Holdings Inc / Garrett LX I Sarl                                  | CUSIP: 366504AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    109000 | PA      | $114341.33    | 0.01%             | 2032-05-31      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| PT PERTAMINA (PERSERO)                               | Pertamina Persero PT                                                             | CUSIP: 69370RAL1<br>LEI: 254900NDAKGNZ2IBBL45 | Long             | DBT              | CORP              | ID        |    200000 | PA      | $177400.00    | 0.02%             | 2031-02-09      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| STANDARD BUILDING SOLUTI                             | Standard Building Solutions Inc                                                  | CUSIP: 853191AA2<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |    861000 | PA      | $883404.11    | 0.08%             | 2032-08-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Avantor Funding Inc                                  | Avantor Funding Inc 2024 Term Loan B6                                            | CUSIP: 05350NAP9<br>LEI: 5493003VM0XB4U8YD238 | Long             | LON              | CORP              | US        |     21171 | PA      | $21250.12     | 0.00%             | 2027-11-08      | Floating      | 6.26%                 | No            |                  2 | On Loan: No      |
| ROCKETMTGE CO-ISSUER INC                             | Rocket Mortgage LLC / Rocket Mortgage Co-Issuer Inc                              | CUSIP: 74841CAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    157000 | PA      | $146613.47    | 0.01%             | 2031-03-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| BAUSCH HEALTH COS INC                                | Bausch Health Cos Inc                                                            | CUSIP: 071734AN7<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | DBT              | CORP              | CA        |     69000 | PA      | $61755.00     | 0.01%             | 2028-06-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Howden Group Holdings Ltd                            | Howden Group Holdings Ltd 2024 USD Term Loan B                                   | CUSIP: 000000000<br>LEI: 875500V3HPKZIQP10J32 | Long             | LON              | CORP              | GB        |     24872 | PA      | $24849.06     | 0.00%             | 2030-04-18      | Floating      | 7.66%                 | No            |                  2 | On Loan: No      |
| STATE GRID OVERSEAS INV                              | State Grid Overseas Investment BVI Ltd                                           | CUSIP: 000000000<br>LEI: 3003006V8BHG5158QO96 | Long             | DBT              | CORP              | VG        |    200000 | PA      | $199150.00    | 0.02%             | 2027-05-04      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| KBR INC                                              | KBR Inc                                                                          | CUSIP: 48242WAC0<br>LEI: 254900OFQDXZRKRCV808 | Long             | DBT              | CORP              | US        |     93000 | PA      | $91974.21     | 0.01%             | 2028-09-30      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| HOWARD MIDSTREAM ENERGY                              | Howard Midstream Energy Partners LLC                                             | CUSIP: 442722AD6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    396000 | PA      | $403751.85    | 0.04%             | 2034-01-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| FIRST QUANTUM MINERALS L                             | First Quantum Minerals Ltd                                                       | CUSIP: 335934AW5<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | DBT              | CORP              | CA        |    259000 | PA      | $273347.31    | 0.03%             | 2033-03-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                  | RRP T MOBILE US                                                                  | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |  -1962500 | PA      | $-1962500.00  | -0.18%            |  |  |  | No            |                  2 | On Loan: No      |
| TGNR INTERMEDIATE HOLDIN                             | TGNR Intermediate Holdings LLC                                                   | CUSIP: 77289KAA3<br>LEI: 5493007AZNVKZ5HEMT23 | Long             | DBT              | CORP              | US        |    398000 | PA      | $389460.71    | 0.04%             | 2029-10-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| GRAY MEDIA INC                                       | Gray Media Inc                                                                   | CUSIP: 389375AN6<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |    546000 | PA      | $557814.35    | 0.05%             | 2032-07-15      | Fixed         | 9.63%                 | No            |                  2 | On Loan: No      |
| JETBLUE AIRWAYS/LOYALTY                              | JetBlue Airways Corp / JetBlue Loyalty LP                                        | CUSIP: 476920AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    381000 | PA      | $386437.63    | 0.04%             | 2031-09-20      | Fixed         | 9.88%                 | No            |                  2 | On Loan: No      |
| HERTZ CORP/THE                                       | Hertz Corp/The                                                                   | CUSIP: 428040DC0<br>LEI: 549300PD0C69OJ0NLB27 | Long             | DBT              | CORP              | US        |    191000 | PA      | $202488.08    | 0.02%             | 2029-07-15      | Fixed         | 12.63%                | No            |                  2 | On Loan: No      |
| CROWN CASTLE INC                                     | Crown Castle Inc                                                                 | CUSIP: 22822VAH4<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              |  | US        |   8000000 | PA      | $7916857.76   | 0.74%             | 2027-09-01      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| IQVIA Inc                                            | IQVIA Inc                                                                        | CUSIP: 449934AD0<br>LEI: 549300PLWY28YB00C717 | Long             | DBT              | CORP              | US        |    354000 | PA      | $353568.08    | 0.03%             | 2026-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WEC US Holdings Ltd                                  | WEC US Holdings Ltd 2024 Term Loan                                               | CUSIP: 92943LAC4<br>LEI: 5493002M6GRSU1IWMG57 | Long             | LON              | CORP              | US        |    253884 | PA      | $253952.90    | 0.02%             | 2031-01-27      | Floating      | 6.53%                 | No            |                  2 | On Loan: No      |
| CSC Holdings LLC                                     | CSC Holdings LLC                                                                 | CUSIP: 126307AS6<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    877000 | PA      | $768852.39    | 0.07%             | 2028-02-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                  | RRP RESIDEO FUN                                                                  | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |   -388281 | PA      | $-388281.25   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| KIOXIA HOLDINGS CORP                                 | Kioxia Holdings Corp                                                             | CUSIP: 49726JAB4<br>LEI: 35380080RTKRARNH4R73 | Long             | DBT              | CORP              | JP        |    349000 | PA      | $358782.47    | 0.03%             | 2033-07-24      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| FUBON LIFE SINGAPORE                                 | Fubon Life Singapore Pte Ltd                                                     | CUSIP: 000000000<br>LEI: 254900KNH3ADQ8AQK667 | Long             | DBT              | CORP              | SG        |    400000 | PA      | $407500.00    | 0.04%             | 2035-12-10      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| SEMPRA                                               | Sempra                                                                           | CUSIP: 816851BK4<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | DBT              | CORP              | US        |   4375000 | PA      | $4374125.00   | 0.41%             | 2025-10-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS SA                                       | RRP NOVELIS COR                                                                  | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | Short            | RA               | CORP              | US        |   -561488 | PA      | $-561487.50   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                               | US 10YR NOTE (CBT)DEC25                                                          | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |        -6 | NC      | $5803.98      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Bryant Park Funding Ltd                              | Bryant Park Funding 2024-22 Ltd                                                  | CUSIP: 11766CAG9<br>LEI: 5493000N8L82QL1KEO96 | Long             | ABS-CBDO         | CORP              | KY        |   1500000 | PA      | $1510834.95   | 0.14%             | 2037-04-15      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                | RRP MPLX LP 5.2                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |  -2900625 | PA      | $-2900625.00  | -0.27%            |  |  |  | No            |                  2 | On Loan: No      |
| SBA COMMUNICATIONS CORP                              | SBA Communications Corp                                                          | CUSIP: 78410GAG9<br>LEI: 5299001HX8ZN8Y8QIT49 | Long             | DBT              |  | US        |   3003000 | PA      | $2808741.04   | 0.26%             | 2029-02-01      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| Sabre GLBL Inc                                       | Sabre GLBL Inc 2021 Term Loan B2                                                 | CUSIP: 78571YBF6<br>LEI: F2TJC7HPPHLHU1AQMP98 | Long             | LON              | CORP              | US        |      9140 | PA      | $8637.68      | 0.00%             | 2027-12-17      | Floating      | 7.78%                 | No            |                  2 | On Loan: No      |
| B&G FOODS INC                                        | B&G Foods Inc                                                                    | CUSIP: 05508WAC9<br>LEI: 549300TRW1LZMDJZAQ78 | Long             | DBT              | CORP              | US        |    127000 | PA      | $123051.80    | 0.01%             | 2028-09-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| STANDARD INDUSTRI INC/NY                             | Standard Industries Inc/NY                                                       | CUSIP: 853496AH0<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |    393000 | PA      | $355888.24    | 0.03%             | 2031-01-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| TRANSOCEAN TITAN FIN LTD                             | Transocean Titan Financing Ltd                                                   | CUSIP: 89386MAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |     93905 | PA      | $96215.00     | 0.01%             | 2028-02-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| EyeCare Partners LLC                                 | EyeCare Partners LLC 2024 Superpriority New Money 1st Out Term Loan A            | CUSIP: 30233PAQ3<br>LEI: 254900ZAACWK09RJ8W93 | Long             | LON              | CORP              | US        |     56658 | PA      | $56970.04     | 0.01%             | 2028-08-31      | Floating      | 9.88%                 | No            |                  2 | On Loan: No      |
| AIA GROUP LTD                                        | AIA Group Ltd                                                                    | CUSIP: 000000000<br>LEI: ZP5ILWVSYE4LJGMMVD57 | Long             | DBT              | CORP              | HK        |    200000 | PA      | $197750.00    | 0.02%             | 2026-04-07      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| AT&T INC                                             | AT&T Inc                                                                         | CUSIP: 00206RKJ0<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |  15960000 | PA      | $11039579.24  | 1.03%             | 2053-09-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| BEACH ACQUISITION BIDCO                              | Beach Acquisition Bidco LLC                                                      | CUSIP: 000000000<br>LEI: 254900F2FNX3GBTB6202 | Long             | DBT              | CORP              | US        |    592000 | PA      | $712471.79    | 0.07%             | 2032-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                | RRP TAKEDA PHAR                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |  -7039838 | PA      | $-7039837.50  | -0.66%            |  |  |  | No            |                  2 | On Loan: No      |
| LEVEL 3 FINANCING INC                                | Level 3 Financing Inc                                                            | CUSIP: 527298CB7<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |   1402500 | PA      | $1318490.25   | 0.12%             | 2029-06-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| DEVON ENERGY CORPORATION                             | Devon Energy Corp                                                                | CUSIP: 25179MBF9<br>LEI: 54930042348RKR3ZPN35 | Long             | DBT              | CORP              | US        |    117000 | PA      | $117270.13    | 0.01%             | 2030-01-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| BLOCK INC                                            | Block Inc                                                                        | CUSIP: 852234AU7<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |    681000 | PA      | $697371.24    | 0.07%             | 2033-08-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CACI INTERNATIONAL INC                               | CACI International Inc                                                           | CUSIP: 127190AE6<br>LEI: SYRPI2D1O9WRTS2WX210 | Long             | DBT              | CORP              | US        |    440000 | PA      | $453882.29    | 0.04%             | 2033-06-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| BARCLAYS CAPITAL INC                                 | RRP NORDEA BANK                                                                  | CUSIP: 000000000<br>LEI: AC28XWWI3WIBK2824319 | Short            | RA               | CORP              | US        |  -5396514 | PA      | $-5396514.00  | -0.50%            |  |  |  | No            |                  2 | On Loan: No      |
| TruGreen Limited Partnership                         | TruGreen Limited Partnership 2020 Term Loan                                      | CUSIP: 89787RAH5<br>LEI: 549300QNRP2MNHR3QM19 | Long             | LON              | CORP              | US        |     43261 | PA      | $42413.49     | 0.00%             | 2027-11-02      | Floating      | 8.26%                 | No            |                  2 | On Loan: No      |
| Propulsion (BC) Finco S.a.r.l.                       | Propulsion (BC) Finco Sarl 2025 Term Loan B                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     28565 | PA      | $28649.45     | 0.00%             | 2029-09-14      | Floating      | 7.04%                 | No            |                  2 | On Loan: No      |
| SPRINGS WINDOWS FASHIONS LLC                         | Springs Windows Fashions LLC 2024 First Lien Second Out TL A2                    | CUSIP: 78489HAE8<br>LEI: 5493000CMZKPQ7BKPB20 | Long             | LON              | CORP              | US        |     74063 | PA      | $60250.52     | 0.01%             | 2028-10-06      | Floating      | 8.28%                 | No            |                  2 | On Loan: No      |
| MILLROSE PROPERTIES INC                              | Millrose Properties Inc                                                          | CUSIP: 601137AB8<br>LEI: N/A                  | Long             | DBT              |  | US        |    357000 | PA      | $357933.06    | 0.03%             | 2032-09-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| BRAND INDUSTRIAL SERVICE                             | Brand Industrial Services Inc                                                    | CUSIP: 104931AA8<br>LEI: 549300B658W2BPDQMW42 | Long             | DBT              | CORP              | US        |   1967000 | PA      | $1960730.97   | 0.18%             | 2030-08-01      | Fixed         | 10.38%                | No            |                  2 | On Loan: No      |
| CIENA CORPORATION                                    | Ciena Corporation 2025 Repriced Term Loan B                                      | CUSIP: 17178HAR3<br>LEI: W0CZ7N0GH8UIGXDM1H41 | Long             | LON              | CORP              | US        |    200311 | PA      | $200437.28    | 0.02%             | 2030-10-24      | Floating      | 5.89%                 | No            |                  2 | On Loan: No      |
| Core & Main LP                                       | Core & Main LP 2024 Term Loan E                                                  | CUSIP: 40416VAH8<br>LEI: 549300ZSLF8Q660SCD17 | Long             | LON              | CORP              | US        |     91610 | PA      | $91324.40     | 0.01%             | 2031-02-09      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| FORTREA HOLDINGS INC                                 | Fortrea Holdings Inc                                                             | CUSIP: 34965KAA5<br>LEI: 5493000FIVFABOVCDU97 | Long             | DBT              | CORP              | US        |    104000 | PA      | $98481.79     | 0.01%             | 2030-07-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                                        | Carnival Corp                                                                    | CUSIP: 143658BX9<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |    933000 | PA      | $956358.59    | 0.09%             | 2033-02-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| Aetna Inc                                            | Aetna Inc                                                                        | CUSIP: 00817YAZ1<br>LEI: 549300QKBENKLBXQ8968 | Long             | DBT              | CORP              | US        |   3500000 | PA      | $2630194.25   | 0.25%             | 2047-08-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Charter NEX US, Inc.                                 | Charter NEX US Inc 2024 Term Loan B1                                             | CUSIP: 16125TAM4<br>LEI: 549300KRNU8RNVGYXG75 | Long             | LON              | CORP              | US        |    475029 | PA      | $476326.06    | 0.04%             | 2030-11-29      | Floating      | 6.93%                 | No            |                  2 | On Loan: No      |
| RTX CORP                                             | RTX Corp                                                                         | CUSIP: 75513ECX7<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1230694.00   | 0.12%             | 2054-03-15      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| NOMURA SECURITIES INTERNATIONAL INC                  | RRP FERTITTA EN                                                                  | CUSIP: 000000000<br>LEI: OXTKY6Q8X53C9ILVV871 | Short            | RA               | CORP              | US        |   -189525 | PA      | $-189525.00   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| AUST & NZ BANKING GROUP                              | Australia & New Zealand Banking Group Ltd                                        | CUSIP: 052528AM8<br>LEI: JHE42UYNWWTJB8YTTU19 | Long             | DBT              | CORP              | AU        |   5445000 | PA      | $4855826.55   | 0.45%             | 2035-11-25      | Fixed         | 2.57%                 | No            |                  2 | On Loan: No      |
| RR Ltd                                               | RR 5 Ltd                                                                         | CUSIP: 74979VAT0<br>LEI: 549300213Q1LH7O32902 | Long             | ABS-CBDO         | CORP              | KY        |    650000 | PA      | $653734.38    | 0.06%             | 2039-07-15      | Floating      | 7.92%                 | No            |                  2 | On Loan: No      |
| STANDARD BUILDING SOLUTI                             | Standard Building Solutions Inc                                                  | CUSIP: 853191AC8<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |    807000 | PA      | $817801.83    | 0.08%             | 2033-08-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Organon & Co                                         | Organon & Co 2024 USD Term Loan                                                  | CUSIP: 68621XAG8<br>LEI: 549300AMCKY57OK2CO56 | Long             | LON              | CORP              | US        |     74419 | PA      | $72465.84     | 0.01%             | 2031-05-19      | Floating      | 6.41%                 | No            |                  2 | On Loan: No      |
| BLOCK INC                                            | Block Inc                                                                        | CUSIP: 852234AS2<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |   2803000 | PA      | $2901121.82   | 0.27%             | 2032-05-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                | RRP SABINE PASS                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |   -472664 | PA      | $-472663.75   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| GARDA WORLD SECURITY                                 | Garda World Security Corp                                                        | CUSIP: 36485MAN9<br>LEI: 549300ZF1NDXLMCHNO20 | Long             | DBT              | CORP              | CA        |    765000 | PA      | $792993.65    | 0.07%             | 2032-08-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| Diameter Capital CLO                                 | Diameter Capital Clo 1 Ltd                                                       | CUSIP: 25255DAL4<br>LEI: 25490018I1ROE4V49X69 | Long             | ABS-CBDO         | CORP              | KY        |   2800000 | PA      | $2811532.64   | 0.26%             | 2037-10-15      | Floating      | 5.71%                 | No            |                  2 | On Loan: No      |
| HELIOS SOFT/ION CORP SOL                             | Helios Software Holdings Inc / ION Corporate Solutions Finance Sarl              | CUSIP: 42329HAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    205000 | PA      | $198266.49    | 0.02%             | 2028-05-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| MKS Instruments Inc                                  | MKS Instruments Inc 2025 USD Repriced Term Loan                                  | CUSIP: 55314NAZ7<br>LEI: 549300KEQATBHAGVF505 | Long             | LON              | CORP              | US        |    317644 | PA      | $317313.27    | 0.03%             | 2029-08-17      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| SERVICE KING (CARNELIAN POINT)                       | SERVICE KING (CARNELIAN POINT)                                                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |       321 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ARES CLO Ltd                                         | Ares XXXIX CLO Ltd                                                               | CUSIP: 04015WBL7<br>LEI: 5493005YAOTYJUJV3S58 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1004543.60   | 0.09%             | 2037-07-18      | Floating      | 5.75%                 | No            |                  2 | On Loan: No      |
| HSBC SECURITIES USA, INC.                            | RRP STEEL DYNAM                                                                  | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | Short            | RA               | CORP              | US        |   -725644 | PA      | $-725643.75   | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| TURKISH AIRLN 15-1 A PTT                             | Turkish Airlines 2015-1 Class A Pass Through Trust                               | CUSIP: 10010YAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | TR        |    641126 | PA      | $625097.87    | 0.06%             | 2027-03-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| EXCELERATE ENERGY LP                                 | Excelerate Energy LP                                                             | CUSIP: 30069UAA6<br>LEI: LGL4IE90TNTFYJ55BK06 | Long             | DBT              | CORP              | US        |    244000 | PA      | $259730.44    | 0.02%             | 2030-05-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| CLARIV SCI HLD CORP                                  | Clarivate Science Holdings Corp                                                  | CUSIP: 18064PAC3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1831000 | PA      | $1762067.79   | 0.16%             | 2028-07-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Ontario Gaming GTA LP                                | Ontario Gaming GTA LP Term Loan B                                                | CUSIP: 000000000<br>LEI: 894500EC9KLZLOC3V025 | Long             | LON              | CORP              | CA        |     59873 | PA      | $58329.88     | 0.01%             | 2030-08-01      | Floating      | 8.24%                 | No            |                  2 | On Loan: No      |
| AIRPORT AUTHORITY HK                                 | Airport Authority                                                                | CUSIP: 000000000<br>LEI: 254900748HGC4RBR4O84 | Long             | DBT              | NUSS              | HK        |    200000 | PA      | $152314.76    | 0.01%             | 2052-01-12      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                | RRP BNSF FUNDIN                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |  -6025469 | PA      | $-6025468.75  | -0.56%            |  |  |  | No            |                  2 | On Loan: No      |
| Sedgwick Claims Management Services Inc              | Sedgwick Claims Management Services Inc 2023 Term Loan B                         | CUSIP: 81527CAP2<br>LEI: 549300BIN4DWJG5VWF64 | Long             | LON              | CORP              | US        |    505385 | PA      | $504596.51    | 0.05%             | 2031-07-31      | Floating      | 6.66%                 | No            |                  2 | On Loan: No      |
| TELEFLEX INC                                         | Teleflex Inc                                                                     | CUSIP: 879369AG1<br>LEI: UUL85LWXB4NGSWWXIQ25 | Long             | DBT              | CORP              | US        |    637000 | PA      | $621830.99    | 0.06%             | 2028-06-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| FTAI AVIATION INVESTORS                              | FTAI Aviation Investors LLC                                                      | CUSIP: 34960PAD3<br>LEI: 529900E7PUVK6BC8PE80 | Long             | DBT              | CORP              | US        |   1350000 | PA      | $1350214.72   | 0.13%             | 2028-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Peraton Corp                                         | Peraton Corp 2nd Lien Term Loan B1                                               | CUSIP: 71360HAG2<br>LEI: 549300EQPCK07ZW63836 | Long             | LON              | CORP              | US        |         0 | PA      | $0.00         | 0.00%             | 2029-02-01      | Floating      | 12.05%                | No            |                  2 | On Loan: No      |
| SEAGATE DATA STOR                                    | Seagate Data Storage Technology Pte Ltd                                          | CUSIP: 81180LAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | SG        |    324000 | PA      | $329642.78    | 0.03%             | 2030-07-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| New Mountain CLO Ltd                                 | New Mountain CLO 3 Ltd                                                           | CUSIP: 647550AQ5<br>LEI: 549300CEYMYPINCEX579 | Long             | ABS-CBDO         | CORP              | KY        |   1500000 | PA      | $1505625.00   | 0.14%             | 2038-10-20      | Floating      | 5.61%                 | No            |                  2 | On Loan: No      |
| FOUR SEASONS HOTELS LIMITED                          | FOUR SEASONS HOTELS LIMITED 2025 TERM LOAN B                                     | CUSIP: 000000000<br>LEI: 5493009FUVX8LHYY2202 | Long             | LON              | CORP              | CA        |    431950 | PA      | $432399.44    | 0.04%             | 2032-09-22      | Floating      | 5.91%                 | No            |                  2 | On Loan: No      |
| RBC CAPITAL MARKETS LLC                              | RRP CROWN CASTL                                                                  | CUSIP: 000000000<br>LEI: 549300LCO2FLSSVFFR64 | Short            | RA               | CORP              | US        |  -4700000 | PA      | $-4700000.00  | -0.44%            |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS CAPITAL INC                                 | RRP BANK OF AME                                                                  | CUSIP: 000000000<br>LEI: AC28XWWI3WIBK2824319 | Short            | RA               | CORP              | US        |  -5790000 | PA      | $-5790000.00  | -0.54%            |  |  |  | No            |                  2 | On Loan: No      |
| CMHI FINANCE BVI CO LTD                              | CMHI Finance BVI Co Ltd                                                          | CUSIP: 000000000<br>LEI: 549300KTVUL1BXLNPZ11 | Long             | DBT              | CORP              | VG        |    200000 | PA      | $199930.00    | 0.02%             | 2025-10-09      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| WYNN MACAU LTD                                       | Wynn Macau Ltd                                                                   | CUSIP: 98313RAE6<br>LEI: 254900NMDQ8ENTHU1I31 | Long             | DBT              | CORP              | KY        |    614000 | PA      | $600584.10    | 0.06%             | 2029-12-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co                                  | JPMorgan Chase & Co                                                              | CUSIP: 06423AAJ2<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2374230.22   | 0.22%             | 2030-09-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| Carlyle Global Market Strategies                     | CARLYLE US CLO 2019-2 LTD                                                        | CUSIP: 14316EAY5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $2005790.00   | 0.19%             | 2037-10-15      | Floating      | 5.68%                 | No            |                  2 | On Loan: No      |
| NOMURA SECURITIES INTERNATIONAL INC                  | RRP VITAL ENERG                                                                  | CUSIP: 000000000<br>LEI: OXTKY6Q8X53C9ILVV871 | Short            | RA               | CORP              | US        |   -260110 | PA      | $-260110.00   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| CLARIOS GLOBAL LP/US FIN                             | Clarios Global LP / Clarios US Finance Co                                        | CUSIP: 18060TAE5<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    879000 | PA      | $898478.64    | 0.08%             | 2032-09-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS CO LLC                             | Vistra Operations Co LLC                                                         | CUSIP: 92840VAB8<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |    812000 | PA      | $812480.47    | 0.08%             | 2027-02-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| IND & COMM BK OF CHINA                               | Industrial & Commercial Bank of China Ltd                                        | CUSIP: 000000000<br>LEI: 5493002ERZU2K9PZDL40 | Long             | DBT              | CORP              | CN        |    300000 | PA      | $296463.00    | 0.03%             | 2026-09-24      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                  | RRP CROWN CASTL                                                                  | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |  -2823750 | PA      | $-2823750.00  | -0.26%            |  |  |  | No            |                  2 | On Loan: No      |
| Olympus Water US Holding Corporation                 | Olympus Water US Holding Corporation 2024 USD Term Loan                          | CUSIP: 68163YAJ4<br>LEI: 549300YU2GGVCBN3MY89 | Long             | LON              | CORP              | US        |    305335 | PA      | $302028.71    | 0.03%             | 2031-06-20      | Floating      | 7.00%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                | RRP HCA INC 5.6                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |   -826752 | PA      | $-826752.50   | -0.08%            |  |  |  | No            |                  2 | On Loan: No      |
| AZZ Inc                                              | AZZ Inc Term Loan B                                                              | CUSIP: 00247NAG7<br>LEI: 549300HD1X2NFLWPYC83 | Long             | LON              | CORP              | US        |     15701 | PA      | $15746.77     | 0.00%             | 2029-05-13      | Floating      | 5.91%                 | No            |                  2 | On Loan: No      |
| LCM INVESTMENTS HOLDINGS                             | LCM Investments Holdings II LLC                                                  | CUSIP: 50190EAC8<br>LEI: 549300P5V78NNQTG4428 | Long             | DBT              | CORP              | US        |    369000 | PA      | $390255.88    | 0.04%             | 2031-08-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| VITAL ENERGY INC                                     | Vital Energy Inc                                                                 | CUSIP: 516806AK2<br>LEI: 549300X0PTWU2QSLSL14 | Long             | DBT              | CORP              | US        |    737000 | PA      | $715433.39    | 0.07%             | 2032-04-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| Marathon Petroleum Corp                              | Marathon Petroleum Corp                                                          | CUSIP: 56585ABC5<br>LEI: 3BNYRYQHD39K4LCKQF12 | Long             | DBT              | CORP              | US        |    937000 | PA      | $945337.22    | 0.09%             | 2026-12-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| CIFC Funding Ltd                                     | CIFC Funding 2019-V Ltd                                                          | CUSIP: 12554XBC5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1003390.10   | 0.09%             | 2038-10-15      | Floating      | 5.74%                 | No            |                  2 | On Loan: No      |
| MATCH GROUP HLD II LLC                               | Match Group Holdings II LLC                                                      | CUSIP: 57665RAL0<br>LEI: 5493003RFFE030RC9167 | Long             | DBT              | CORP              | US        |    383000 | PA      | $361740.67    | 0.03%             | 2030-08-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| EyeCare Partners LLC                                 | EyeCare Partners LLC 2024 Second Out Term Loan B                                 | CUSIP: 30233PAT7<br>LEI: 254900ZAACWK09RJ8W93 | Long             | LON              | CORP              | US        |     77337 | PA      | $48611.86     | 0.00%             | 2028-11-30      | Floating      | 5.23%                 | No            |                  2 | On Loan: No      |
| MERITAGE HOMES CORP                                  | Meritage Homes Corp                                                              | CUSIP: 59001ABF8<br>LEI: 52990044W9UMFJO2FB97 | Long             | DBT              | CORP              | US        |    545000 | PA      | $557786.88    | 0.05%             | 2028-05-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| Trans Union LLC                                      | Trans Union LLC 2024 Term Loan B8                                                | CUSIP: 89334GBF0<br>LEI: X8NPN6PWJOM1QCTYFV34 | Long             | LON              | CORP              | US        |    203035 | PA      | $202837.89    | 0.02%             | 2031-06-24      | Floating      | 5.91%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY CAPITAL                               | NextEra Energy Capital Holdings Inc                                              | CUSIP: 65339KAV2<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4841475.00   | 0.45%             | 2077-12-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| STUDIO CITY CO LTD                                   | Studio City Co Ltd                                                               | CUSIP: 000000000<br>LEI: 984500V5401EFT095A58 | Long             | DBT              | CORP              | VG        |    200000 | PA      | $201312.00    | 0.02%             | 2027-02-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| INDIA GREEN POWER HOLD                               | India Green Power Holdings                                                       | CUSIP: 000000000<br>LEI: 254900I7N0GT4VVL6V29 | Long             | DBT              | CORP              | MU        |    606620 | PA      | $592971.05    | 0.06%             | 2027-02-22      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TORONTO-DOMINION BANK                                | Toronto-Dominion Bank/The                                                        | CUSIP: 89116CKP1<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |   8570000 | PA      | $9019839.30   | 0.84%             | 2084-07-31      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| ALBION FINANCING 3 SARL                              | Albion Financing 3 SARL 2025 USD Term Loan                                       | CUSIP: 01330EAD0<br>LEI: 213800VFJ5CIN2NUQ821 | Long             | LON              | CORP              | US        |    243308 | PA      | $243765.02    | 0.02%             | 2031-05-21      | Floating      | 7.21%                 | No            |                  2 | On Loan: No      |
| NTT FINANCE CORP                                     | NTT Finance Corp                                                                 | CUSIP: 000000000<br>LEI: 3538007PR116187GD960 | Long             | DBT              | CORP              | JP        |    175000 | PA      | $208581.32    | 0.02%             | 2033-07-16      | Fixed         | 3.68%                 | No            |                  2 | On Loan: No      |
| ALBERTSONS COS/SAFEWAY                               | Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC            | CUSIP: 01309QAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    240000 | PA      | $245448.00    | 0.02%             | 2033-03-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| REYNOLDS CONSUMER PRODUCTS LLC                       | Reynolds Consumer Products LLC 2025 Term Loan B                                  | CUSIP: 76171JAE1<br>LEI: 549300DWNZYMOSR1X343 | Long             | LON              | CORP              | US        |     36815 | PA      | $36870.22     | 0.00%             | 2032-03-04      | Floating      | 5.91%                 | No            |                  2 | On Loan: No      |
| ALLSPRING BUYER LLC                                  | AllSpring Buyer LLC 2024 Term Loan B                                             | CUSIP: 98922AAE6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     80000 | PA      | $80100.00     | 0.01%             | 2030-11-01      | Floating      | 6.81%                 | No            |                  2 | On Loan: No      |
| Primo Brands Corporation                             | Primo Brands Corporation 2025 Term Loan B                                        | CUSIP: 89678QAD8<br>LEI: 254900J0WS4AXV2LAX55 | Long             | LON              | CORP              | US        |    119522 | PA      | $119457.44    | 0.01%             | 2028-03-31      | Floating      | 6.25%                 | No            |                  2 | On Loan: No      |
| WYNN MACAU LTD                                       | Wynn Macau Ltd                                                                   | CUSIP: 98313RAH9<br>LEI: 254900NMDQ8ENTHU1I31 | Long             | DBT              | CORP              | KY        |   1701000 | PA      | $1697615.01   | 0.16%             | 2028-08-26      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| BARCLAYS CAPITAL INC                                 | RRP NORFOLK SOU                                                                  | CUSIP: 000000000<br>LEI: AC28XWWI3WIBK2824319 | Short            | RA               | CORP              | US        | -11350625 | PA      | $-11350625.00 | -1.06%            |  |  |  | No            |                  2 | On Loan: No      |
| NIPPON LIFE INSURANCE                                | Nippon Life Insurance Co                                                         | CUSIP: 654579AP6<br>LEI: 549300Y0HHMFW3EVWY08 | Long             | DBT              | CORP              | JP        |   7195000 | PA      | $7747122.72   | 0.72%             | 2055-04-30      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Orion US Finco Inc.                                  | Orion US Finco Inc 1st Lien Term Loan                                            | CUSIP: 68631KAB5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    134000 | PA      | $134670.00    | 0.01%             | 2032-05-20      | Floating      | 7.67%                 | No            |                  2 | On Loan: No      |
| GFL ENVIRONMENTAL INC                                | GFL Environmental Inc                                                            | CUSIP: 36168QAN4<br>LEI: 894500E7NLBY9VZRT696 | Long             | DBT              | CORP              | CA        |    558000 | PA      | $550364.77    | 0.05%             | 2029-06-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| RLJ LODGING TRUST LP                                 | RLJ Lodging Trust LP                                                             | CUSIP: 74965LAB7<br>LEI: 549300RX5I8Z6I6LDZ74 | Long             | DBT              |  | US        |    199000 | PA      | $187918.57    | 0.02%             | 2029-09-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| VERTIV GROUP CORPORATION                             | Vertiv Group Corporation 2025 Term Loan                                          | CUSIP: 92537EAG3<br>LEI: 549300ZT8RQ5VK10E643 | Long             | LON              | CORP              | US        |    531377 | PA      | $531871.03    | 0.05%             | 2032-08-12      | Floating      | 6.03%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                | RRP WELLS FARGO                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |  -3830670 | PA      | $-3830670.00  | -0.36%            |  |  |  | No            |                  2 | On Loan: No      |
| ROYAL CAPITAL BV                                     | Royal Capital BV                                                                 | CUSIP: 000000000<br>LEI: 72450057BWJ6BYW0TI63 | Long             | DBT              | CORP              | NL        |    200000 | PA      | $199000.00    | 0.02%             | 2026-02-05      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                  | RRP LIVE NATION                                                                  | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |   -242475 | PA      | $-242475.00   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                                     | T-Mobile USA Inc                                                                 | CUSIP: 87264ABW4<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    990000 | PA      | $941724.15    | 0.09%             | 2031-04-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| LUMEN TECHNOLOGIES INC                               | Lumen Technologies Inc                                                           | CUSIP: 550241AC7<br>LEI: 8M3THTGWLTYZVE6BBY25 | Long             | DBT              | CORP              | US        |    368630 | PA      | $361257.40    | 0.03%             | 2030-04-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| MATTEL INC                                           | Mattel Inc                                                                       | CUSIP: 577081BF8<br>LEI: 549300VELLG24KHTJ564 | Long             | DBT              | CORP              | US        |    122000 | PA      | $118429.10    | 0.01%             | 2029-04-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Philippines Government International Bonds           | Philippines Government International Bonds                                       | CUSIP: 718286CL9<br>LEI: 529900RAHBALMYIJ3T08 | Long             | DBT              | NUSS              | PH        |    200000 | PA      | $134575.00    | 0.01%             | 2045-12-10      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS SA                                       | RRP ALLIED UNIV                                                                  | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | Short            | RA               | CORP              | US        |   -955598 | PA      | $-955597.50   | -0.09%            |  |  |  | No            |                  2 | On Loan: No      |
| Cobham Ultra SeniorCo Sarl                           | Cobham Ultra SeniorCo Sarl USD Term Loan B                                       | CUSIP: 000000000<br>LEI: 254900L6IKLPZKIC4F32 | Long             | LON              | CORP              | LU        |    157964 | PA      | $157872.39    | 0.01%             | 2029-08-03      | Floating      | 8.37%                 | No            |                  2 | On Loan: No      |
| SOLSTICE ADVANCED MATERI                             | Solstice Advanced Materials Inc                                                  | CUSIP: 83443QAA1<br>LEI: 2138004GZ4H9TW6HK435 | Long             | DBT              | CORP              | US        |    533000 | PA      | $534760.96    | 0.05%             | 2033-09-30      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| SNAP INC                                             | Snap Inc                                                                         | CUSIP: 83304AAL0<br>LEI: 549300JNC0L6VP8A2Q35 | Long             | DBT              | CORP              | US        |    503000 | PA      | $514115.62    | 0.05%             | 2033-03-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| CARVANA CO                                           | Carvana Co                                                                       | CUSIP: 146869AN2<br>LEI: 5493003WEAK2PJ5WS063 | Long             | DBT              | CORP              | US        |   1010434 | PA      | $1057133.23   | 0.10%             | 2030-06-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| 10 RENEW POWER SUBSIDIAR                             | ReNew Wind Energy AP2 / ReNew Power Pvt Ltd other 9 Subsidiaries                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | IN        |    550000 | PA      | $530062.50    | 0.05%             | 2028-07-14      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ALLSTATE CORP                                        | Allstate Corp/The                                                                | CUSIP: 020002BB6<br>LEI: OBT0W1ED8G0NWVOLOJ77 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5007960.00   | 0.47%             | 2053-08-15      | Variable      | 7.41%                 | No            |                  2 | On Loan: No      |
| CIFC Funding Ltd                                     | CIFC Funding 2020-III Ltd                                                        | CUSIP: 12560EAL0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1001389.90   | 0.09%             | 2034-10-20      | Floating      | 5.72%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO LLC                              | RRP JELD WEN HO                                                                  | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | Short            | RA               | CORP              | US        |   -182338 | PA      | $-182337.50   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| KRATON CORP                                          | Kraton Corp                                                                      | CUSIP: 000000000<br>LEI: 894500IZY1GHOLAVZL83 | Long             | DBT              | CORP              | US        |    200000 | PA      | $202966.00    | 0.02%             | 2027-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TALEN ENERGY SUPPLY LLC                              | Talen Energy Supply LLC 2024-1 Incremental Term Loan                             | CUSIP: 87422LAY6<br>LEI: K5K33XN0PQAU1XF7NN66 | Long             | LON              | CORP              | US        |     86348 | PA      | $86365.63     | 0.01%             | 2031-12-15      | Floating      | 6.73%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                        | TransDigm Inc                                                                    | CUSIP: 893647BR7<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |   1695000 | PA      | $1727305.01   | 0.16%             | 2028-08-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| STARWOOD PROPERTY TRUST                              | Starwood Property Trust Inc                                                      | CUSIP: 85571BBC8<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              |  | US        |    116000 | PA      | $117763.08    | 0.01%             | 2030-04-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BNSF Funding Trust I                                 | BNSF Funding Trust I                                                             | CUSIP: 05567SAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   6125000 | PA      | $6118702.89   | 0.57%             | 2055-12-15      | Fixed         | 6.61%                 | No            |                  2 | On Loan: No      |
| Kraft Heinz Foods Co                                 | Kraft Heinz Foods Co                                                             | CUSIP: 50076QAE6<br>LEI: 5493003STKEZ2S0RNU91 | Long             | DBT              | CORP              | US        |     12000 | PA      | $11077.88     | 0.00%             | 2042-06-04      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| IMOLA MERGER CORP                                    | Imola Merger Corp                                                                | CUSIP: 45258LAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    573000 | PA      | $557313.90    | 0.05%             | 2029-05-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| TRANSOCEAN INC                                       | Transocean International Ltd                                                     | CUSIP: 893830BX6<br>LEI: DOL4HJ22ADYSIWES4H94 | Long             | DBT              | CORP              | BM        |    180000 | PA      | $189390.78    | 0.02%             | 2030-02-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| PARK RIVER HOLDINGS INC                              | Park River Holdings Inc                                                          | CUSIP: 70082LAC1<br>LEI: 254900PGY077KWCROT75 | Long             | DBT              | CORP              | US        |    213000 | PA      | $215699.62    | 0.02%             | 2031-03-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| STANDARD CHARTERED PLC                               | Standard Chartered PLC                                                           | CUSIP: 85325D2B5<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |    400000 | PA      | $408592.00    | 0.04%             | 2031-05-13      | Floating      | 5.94%                 | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                  | RRP COHERENT CO                                                                  | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |   -366468 | PA      | $-366467.50   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| Prime Security Services Borrower, LLC                | Prime Security Services Borrower LLC 2024 1st Lien Term Loan B                   | CUSIP: 03765VAP5<br>LEI: 549300O6QPZVWXV2DC15 | Long             | LON              | CORP              | US        |    108630 | PA      | $108297.39    | 0.01%             | 2030-10-13      | Floating      | 6.13%                 | No            |                  2 | On Loan: No      |
| FLUTTER FINANCING BV                                 | Flutter Financing BV 2025 Term Loan B                                            | CUSIP: 000000000<br>LEI: 635400VFWPBIKJK6GN11 | Long             | LON              | CORP              | NL        |    173565 | PA      | $173228.28    | 0.02%             | 2032-06-04      | Floating      | 6.00%                 | No            |                  2 | On Loan: No      |
| RAVEN ACQUISITION HOLDIN                             | Raven Acquisition Holdings LLC                                                   | CUSIP: 75420NAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    310000 | PA      | $318577.08    | 0.03%             | 2031-11-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                | RRP GENERAL MIL                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |   -592100 | PA      | $-592100.00   | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| ANYWHERE REAL EST/CO-ISS                             | Anywhere Real Estate Group LLC / Anywhere Co-Issuer Corp                         | CUSIP: 75606DAS0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    326999 | PA      | $330923.79    | 0.03%             | 2030-04-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Lonza Group AG                                       | Lonza Group AG USD Term Loan B                                                   | CUSIP: 000000000<br>LEI: 549300Y0CIXN5D40L888 | Long             | LON              | CORP              | US        |    174313 | PA      | $156904.65    | 0.01%             | 2028-07-03      | Floating      | 8.03%                 | No            |                  2 | On Loan: No      |
| CN HUANENG GP HK TREASUR                             | China Huaneng Group Hong Kong Treasury Management Holding Ltd                    | CUSIP: 000000000<br>LEI: 254900S9905REJFRBF91 | Long             | DBT              | CORP              | VG        |    200000 | PA      | $198250.00    | 0.02%             | 2026-01-20      | Fixed         | 1.60%                 | No            |                  2 | On Loan: No      |
| TONGYANGLIFEINSURANCECO                              | Tongyang Life Insurance Co Ltd                                                   | CUSIP: 000000000<br>LEI: 9884007L6E9UAWKGCX42 | Long             | DBT              | CORP              | KR        |    400000 | PA      | $417182.00    | 0.04%             | 2035-05-07      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| WEX INC                                              | WEX Inc                                                                          | CUSIP: 96208TAD6<br>LEI: T9M5IGROL1TL1G5OV478 | Long             | DBT              | CORP              | US        |    452000 | PA      | $461619.92    | 0.04%             | 2033-03-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| CLEAN HARBORS INC                                    | Clean Harbors Inc                                                                | CUSIP: 184496AQ0<br>LEI: 5493000SJVZVZJKHJF48 | Long             | DBT              | CORP              | US        |    100000 | PA      | $102403.40    | 0.01%             | 2031-02-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| ALLIANT HOLD / CO-ISSUER                             | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer                   | CUSIP: 01883LAF0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1283000 | PA      | $1325631.86   | 0.12%             | 2031-01-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| BARCLAYS CAPITAL INC                                 | RRP ENERGY TRAN                                                                  | CUSIP: 000000000<br>LEI: AC28XWWI3WIBK2824319 | Short            | RA               | CORP              | US        |   -394835 | PA      | $-394835.00   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| PREMIER ENTERTAINMENT SU                             | Premier Entertainment Sub LLC / Premier Entertainment Finance Corp               | CUSIP: 74052HAB0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    310000 | PA      | $159824.66    | 0.01%             | 2031-09-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| HESS MIDSTREAM OPERATION                             | Hess Midstream Operations LP                                                     | CUSIP: 428102AE7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    144000 | PA      | $139570.23    | 0.01%             | 2030-02-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| GVC Holdings (Gibraltar) Limited                     | GVC HOLDINGS GIBRALTAR LIMITED 2025 TERM LOAN B 2032                             | CUSIP: 000000000<br>LEI: 213800ATWJIEYQ8NF838 | Long             | LON              | CORP              | GI        |     47998 | PA      | $47903.80     | 0.00%             | 2032-07-31      | Floating      | 6.57%                 | No            |                  2 | On Loan: No      |
| OWENS-BROCKWAY                                       | Owens-Brockway Glass Container Inc                                               | CUSIP: 69073TAT0<br>LEI: V2UQUCDZJ9WY98W8QU33 | Long             | DBT              | CORP              | US        |     59000 | PA      | $58890.85     | 0.01%             | 2027-05-13      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| Apidos CLO Ltd                                       | Apidos CLO XXXVII                                                                | CUSIP: 03769HAA5<br>LEI: 549300OGB01ASKLNI660 | Long             | ABS-CBDO         | CORP              | KY        |   3000000 | PA      | $3004148.70   | 0.28%             | 2034-10-22      | Floating      | 5.72%                 | No            |                  2 | On Loan: No      |
| UNITED OVERSEAS BANK LTD                             | United Overseas Bank Ltd                                                         | CUSIP: 91127LAD2<br>LEI: IO66REGK3RCBAMA8HR66 | Long             | DBT              | CORP              | SG        |    200000 | PA      | $197002.00    | 0.02%             | 2026-04-14      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| ONESKY FLIGHT LLC                                    | OneSky Flight LLC                                                                | CUSIP: 68278CAA3<br>LEI: 549300PM6NEPXGG5B882 | Long             | DBT              | CORP              | US        |    264000 | PA      | $277609.99    | 0.03%             | 2029-12-15      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| VISTRA CORP                                          | Vistra Operations Co LLC                                                         | CUSIP: 92840VAA0<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |     23000 | PA      | $22981.95     | 0.00%             | 2026-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                               | CCO Holdings LLC / CCO Holdings Capital Corp                                     | CUSIP: 1248EPCK7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1041000 | PA      | $959001.78    | 0.09%             | 2031-02-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Warwick Capital CLO Ltd                              | Warwick Capital CLO 4 Ltd                                                        | CUSIP: 93655QAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1003830.40   | 0.09%             | 2037-07-20      | Floating      | 5.73%                 | No            |                  2 | On Loan: No      |
| CARPENTER TECHNOLOGY                                 | Carpenter Technology Corp                                                        | CUSIP: 144285AM5<br>LEI: DX6I6ZD3X5WNNCDJKP85 | Long             | DBT              | CORP              | US        |    108000 | PA      | $110983.61    | 0.01%             | 2030-03-15      | Fixed         | 7.63%                 | No            |                  2 | On Loan: No      |
| CNTRL PARENT/CDK GLB INC                             | Central Parent Inc / CDK Global Inc                                              | CUSIP: 15477CAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    302000 | PA      | $260038.61    | 0.02%             | 2029-06-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| EMRLD BOR / EMRLD CO-ISS                             | EMRLD Borrower LP / Emerald Co-Issuer Inc                                        | CUSIP: 29103CAA6<br>LEI: 98450099EE3A0ZD5F786 | Long             | DBT              | CORP              | US        |   4324000 | PA      | $4444851.48   | 0.42%             | 2030-12-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| SENSATA TECHNOLOGIES INC                             | Sensata Technologies Inc                                                         | CUSIP: 81728UAB0<br>LEI: 5493002MMDDCUNV7NY90 | Long             | DBT              | CORP              | US        |    416000 | PA      | $383917.54    | 0.04%             | 2031-02-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| AMERICAN AIRLINES INC                                | American Airlines Inc                                                            | CUSIP: 023771T40<br>LEI: IWUQB36BXD6OWD6X4T14 | Long             | DBT              | CORP              | US        |    372000 | PA      | $388052.92    | 0.04%             | 2029-05-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| NOMURA HOLDINGS INC                                  | Nomura Holdings Inc                                                              | CUSIP: 65535HCE7<br>LEI: 549300B3CEAHYG7K8164 | Long             | DBT              | CORP              | JP        |    400000 | PA      | $398203.24    | 0.04%             | 2036-06-10      | Fixed         | 5.04%                 | No            |                  2 | On Loan: No      |
| ARDAGH METAL PACKAGING                               | Ardagh Metal Packaging Finance USA LLC / Ardagh Metal Packaging Finance PLC      | CUSIP: 03969YAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |   2600000 | PA      | $2406343.32   | 0.23%             | 2029-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| AMWINS GROUP INC                                     | AmWINS Group Inc                                                                 | CUSIP: 031921AB5<br>LEI: 549300SJE7MUB8NMRG61 | Long             | DBT              | CORP              | US        |    380000 | PA      | $369318.50    | 0.03%             | 2029-06-30      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| BARCLAYS CAPITAL INC                                 | RRP NXP BV 4.4                                                                   | CUSIP: 000000000<br>LEI: AC28XWWI3WIBK2824319 | Short            | RA               | CORP              | US        |   -716422 | PA      | $-716422.50   | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| HERC HOLDINGS INC                                    | Herc Holdings Inc                                                                | CUSIP: 42704LAG9<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |    255000 | PA      | $266195.01    | 0.02%             | 2033-06-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| PINNACLE BUYER LLC                                   | PINNACLE BUYER LLC TERM LOAN                                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    117756 | PA      | $117903.59    | 0.01%             | 2032-09-10      | Floating      | 6.63%                 | No            |                  2 | On Loan: No      |
| MPLX LP                                              | MPLX LP                                                                          | CUSIP: 55336VBW9<br>LEI: 5493000CZJ19CK4P3G36 | Long             | DBT              | CORP              | US        |    885000 | PA      | $835326.70    | 0.08%             | 2053-03-01      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                | RRP NORTHROP GR                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |  -1800000 | PA      | $-1800000.00  | -0.17%            |  |  |  | No            |                  2 | On Loan: No      |
| SC GAMES HOLDIN/US FINCO                             | Scientific Games Holdings LP/Scientific Games US FinCo Inc                       | CUSIP: 80874DAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    336000 | PA      | $312383.59    | 0.03%             | 2030-03-01      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| PERUSAHAAN LISTRIK NEGAR                             | Perusahaan Perseroan Persero PT Perusahaan Listrik Negara                        | CUSIP: 000000000<br>LEI: 254900OYVDRYS9J51J61 | Long             | DBT              | CORP              | ID        |    200000 | PA      | $210375.79    | 0.02%             | 2031-11-05      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| Aramark Services Inc                                 | Aramark Services Inc                                                             | CUSIP: 038522AQ1<br>LEI: 42YMHYH0XMHJEXDUB065 | Long             | DBT              | CORP              | US        |    225000 | PA      | $223939.01    | 0.02%             | 2028-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Saudi Government International Bonds                 | Saudi Government International Bonds                                             | CUSIP: 000000000<br>LEI: 635400FMICXSM3SI3H65 | Long             | DBT              | NUSS              | SA        |    200000 | PA      | $173500.00    | 0.02%             | 2046-10-26      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                              | Hyundai Capital America                                                          | CUSIP: 44891CCB7<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |    200000 | PA      | $201013.28    | 0.02%             | 2026-03-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| LEVEL 3 FINANCING INC                                | Level 3 Financing Inc                                                            | CUSIP: 527298BS1<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |     80000 | PA      | $69236.16     | 0.01%             | 2029-01-15      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| OCEANEERING INTL INC                                 | Oceaneering International Inc                                                    | CUSIP: 675232AD4<br>LEI: 549300L6PH74701W0R30 | Long             | DBT              | CORP              | US        |    101000 | PA      | $102249.17    | 0.01%             | 2028-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| HESS MIDSTREAM OPERATION                             | Hess Midstream Operations LP                                                     | CUSIP: 428102AG2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    393000 | PA      | $405314.66    | 0.04%             | 2029-06-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| LAMAR MEDIA CORP                                     | Lamar Media Corp                                                                 | CUSIP: 513075CA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    269000 | PA      | $267021.22    | 0.02%             | 2033-11-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Gray Television Inc                                  | Gray Television Inc 2024 Term Loan B                                             | CUSIP: 389376BC7<br>LEI: 529900TM5726KDN7UU35 | Long             | LON              | CORP              | US        |       900 | PA      | $899.62       | 0.00%             | 2029-06-04      | Floating      | 9.53%                 | No            |                  2 | On Loan: No      |
| PULTEGROUP INC                                       | PulteGroup Inc                                                                   | CUSIP: 745867AM3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     56000 | PA      | $65948.34     | 0.01%             | 2032-06-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| OPAL BIDCO SAS                                       | Opal Bidco SAS USD Term Loan B                                                   | CUSIP: 000000000<br>LEI: 969500R96XT7XY2UJ564 | Long             | LON              | CORP              | US        |    250000 | PA      | $250500.00    | 0.02%             | 2032-04-28      | Floating      | 7.25%                 | No            |                  2 | On Loan: No      |
| TRANSMONTAIGNE PARTNERS                              | TransMontaigne Partners LLC                                                      | CUSIP: 89377AAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     75000 | PA      | $78151.51     | 0.01%             | 2030-06-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                               | Venture Global LNG Inc                                                           | CUSIP: 92332YAF8<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |   3836000 | PA      | $3801781.35   | 0.36%             | 2029-09-30      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| STL HOLDING CO LLC                                   | STL Holding Co LLC                                                               | CUSIP: 861036AB7<br>LEI: 984500BC2I63E7F48656 | Long             | DBT              | CORP              | US        |    171000 | PA      | $179193.64    | 0.02%             | 2029-02-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| LUMEN TECHNOLOGIES INC                               | Lumen Technologies Inc                                                           | CUSIP: 550241AK9<br>LEI: 8M3THTGWLTYZVE6BBY25 | Long             | DBT              | CORP              | US        |    282639 | PA      | $285934.06    | 0.03%             | 2032-10-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| WYNN MACAU LTD                                       | Wynn Macau Ltd                                                                   | CUSIP: 000000000<br>LEI: 254900NMDQ8ENTHU1I31 | Long             | DBT              | CORP              | KY        |    350000 | PA      | $354795.00    | 0.03%             | 2034-02-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Elmwood CLO XII Ltd.                                 | Elmwood CLO XII Ltd                                                              | CUSIP: 29002YAL6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $2008519.60   | 0.19%             | 2037-10-15      | Floating      | 6.02%                 | No            |                  2 | On Loan: No      |
| JONES DESLAURIERS INSURA                             | Jones Deslauriers Insurance Management Inc                                       | CUSIP: 48020RAB1<br>LEI: 549300JQIWNFU00E5424 | Long             | DBT              | CORP              | CA        |    816000 | PA      | $857297.76    | 0.08%             | 2030-03-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| JEFFERIES FIN LLC / JFIN                             | Jefferies Finance LLC / JFIN Co-Issuer Corp                                      | CUSIP: 47232MAF9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    475000 | PA      | $458937.73    | 0.04%             | 2028-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SUBURBAN PROPANE PARTNRS                             | Suburban Propane Partners LP/Suburban Energy Finance Corp                        | CUSIP: 864486AL9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    237000 | PA      | $225503.15    | 0.02%             | 2031-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BOYNE USA INC                                        | Boyne USA Inc                                                                    | CUSIP: 103557AC8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    611000 | PA      | $599448.24    | 0.06%             | 2029-05-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                  | RRP ORACLE CORP                                                                  | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |  -1638464 | PA      | $-1638463.75  | -0.15%            |  |  |  | No            |                  2 | On Loan: No      |
| MERLIN ENTERTAINMENTS GR                             | Merlin Entertainments Group US Holdings Inc                                      | CUSIP: 59010UAA5<br>LEI: 549300HBQPPKS1187K54 | Long             | DBT              | CORP              | US        |    600000 | PA      | $517021.26    | 0.05%             | 2031-02-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| RIVIAN HLD/AUTO LLC                                  | Rivian Holdings LLC/Rivian LLC/Rivian Automotive LLC                             | CUSIP: 76954LAD1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    301000 | PA      | $280199.55    | 0.03%             | 2031-01-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                             | Charter Communications Operating LLC / Charter Communications Operating Capital  | CUSIP: 161175BC7<br>LEI: 549300TPZNMN50BJ3745 | Long             | DBT              | CORP              | US        |   3540000 | PA      | $3608696.67   | 0.34%             | 2055-10-23      | Fixed         | 6.83%                 | No            |                  2 | On Loan: No      |
| Madison Park Funding Ltd                             | Madison Park Funding LIX Ltd                                                     | CUSIP: 55822EAJ8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1005308.10   | 0.09%             | 2037-04-18      | Floating      | 5.83%                 | No            |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYS                             | CHS/Community Health Systems Inc                                                 | CUSIP: 12543DBN9<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |    695000 | PA      | $736072.42    | 0.07%             | 2032-01-15      | Fixed         | 10.88%                | No            |                  2 | On Loan: No      |
| NORTHWEST FLORIDA TIMBER                             | Northwest Florida Timber Finance LLC                                             | CUSIP: 667469AA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4485000 | PA      | $4350878.50   | 0.41%             | 2029-03-04      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| TRIVIUM PACKAGING FIN                                | Trivium Packaging Finance BV                                                     | CUSIP: 89686QAC0<br>LEI: 724500GMZWW3PVYET548 | Long             | DBT              | CORP              | NL        |    200000 | PA      | $216468.20    | 0.02%             | 2031-01-15      | Fixed         | 12.25%                | No            |                  2 | On Loan: No      |
| FRONTIER COMMUNICATIONS                              | Frontier Communications Holdings LLC                                             | CUSIP: 35906ABG2<br>LEI: 549300ZCZ76HYCS0H445 | Long             | DBT              | CORP              | US        |    146000 | PA      | $147456.35    | 0.01%             | 2029-05-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUE                                | Venture Global Plaquemines LNG LLC                                               | CUSIP: 922966AA4<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |    384000 | PA      | $424323.84    | 0.04%             | 2033-05-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN BANK & TRUS                             | Metropolitan Bank & Trust Co                                                     | CUSIP: 000000000<br>LEI: 549300SQYI82RVWFN715 | Long             | DBT              | CORP              | PH        |    320000 | PA      | $331400.00    | 0.03%             | 2029-03-06      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Cox Communications Inc                               | Cox Communications Inc                                                           | CUSIP: 224044BV8<br>LEI: 5493001NEDZNIFRP2R92 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $6008998.05   | 0.56%             | 2039-03-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| GOLUB CAPITAL CAP FND                                | Golub Capital Private Credit Fund                                                | CUSIP: 38179RAE5<br>LEI: 254900B5KBW6OY1F9951 | Long             | DBT              | CORP              | US        |   7840000 | PA      | $7880931.93   | 0.74%             | 2028-08-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| TK ELEVATOR US NEWCO INC                             | TK Elevator US Newco Inc                                                         | CUSIP: 92537RAA7<br>LEI: 549300C2AFWPAYWS5574 | Long             | DBT              | CORP              | US        |   3002000 | PA      | $2991385.83   | 0.28%             | 2027-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| GEN DIGITAL INC                                      | Gen Digital Inc 2025 Term Loan B                                                 | CUSIP: 66877AAG3<br>LEI: YF6ZV0M6AU4FY94MK914 | Long             | LON              | CORP              | US        |     72000 | PA      | $71658.00     | 0.01%             | 2032-04-16      | Floating      | 5.91%                 | No            |                  2 | On Loan: No      |
| Buckeye Partners LP                                  | Buckeye Partners LP                                                              | CUSIP: 118230AM3<br>LEI: 549300C1PQJLVEIUBK50 | Long             | DBT              | CORP              | US        |    383000 | PA      | $357210.16    | 0.03%             | 2043-11-15      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| NAKED JUICE LLC                                      | Naked Juice LLC 2025 FLSO Term Loan                                              | CUSIP: 62984CAM5<br>LEI: 549300Y5TU1XQ1KVLJ64 | Long             | LON              | CORP              | US        |    115904 | PA      | $87135.72     | 0.01%             | 2029-01-24      | Floating      | 7.35%                 | No            |                  2 | On Loan: No      |
| HalseyPoint CLO Ltd.                                 | Halseypoint Clo 5 Ltd                                                            | CUSIP: 406371AA2<br>LEI: 549300VBED2CGY7JQG51 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1001705.00   | 0.09%             | 2035-01-30      | Floating      | 5.78%                 | No            |                  2 | On Loan: No      |
| CAPSTONE BORROWER INC                                | Capstone Borrower Inc                                                            | CUSIP: 140944AA7<br>LEI: 254900YSP2BAI3YKIX08 | Long             | DBT              | CORP              | US        |   1073000 | PA      | $1122133.74   | 0.10%             | 2030-06-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| WESCO DISTRIBUTION INC                               | WESCO Distribution Inc                                                           | CUSIP: 95081QAP9<br>LEI: 549300I2CEZJG9N4AH67 | Long             | DBT              | CORP              | US        |   1043000 | PA      | $1056559.00   | 0.10%             | 2028-06-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Carlyle Global Market Strategies                     | CARLYLE US CLO 2017-3 Ltd                                                        | CUSIP: 14314FAY4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1500000 | PA      | $1506450.00   | 0.14%             | 2037-10-21      | Floating      | 5.73%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                | RRP MPLX LP 4.7                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |  -3812500 | PA      | $-3812500.00  | -0.36%            |  |  |  | No            |                  2 | On Loan: No      |
| LIFEPOINT HEALTH INC                                 | LifePoint Health Inc                                                             | CUSIP: 53219LAX7<br>LEI: 549300G8ZVHRTBBBSZ90 | Long             | DBT              | CORP              | US        |    446000 | PA      | $468281.71    | 0.04%             | 2032-06-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| ORGANON & CO/ORGANON FOR                             | Organon & Co / Organon Foreign Debt Co-Issuer BV                                 | CUSIP: 68622TAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $966142.42    | 0.09%             | 2028-04-30      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| SUNOCO LP                                            | Sunoco LP                                                                        | CUSIP: 86765KAF6<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |    159000 | PA      | $157827.06    | 0.01%             | 2031-03-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| Delta 2 (LUX) S.a.r.l.                               | Delta 2 (LUX) Sarl 2024 Term Loan B1                                             | CUSIP: 000000000<br>LEI: 549300BBG8Z3D6QSYP53 | Long             | LON              | CORP              | LU        |    227837 | PA      | $227766.63    | 0.02%             | 2031-09-30      | Floating      | 6.00%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS SA                                       | RRP POST HOLDIN                                                                  | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | Short            | RA               | CORP              | US        |   -369985 | PA      | $-369985.00   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| HILTON DOMESTIC OPERATIN                             | Hilton Domestic Operating Co Inc                                                 | CUSIP: 432833AR2<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |    882000 | PA      | $900342.07    | 0.08%             | 2033-03-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| NOVELIS CORP                                         | Novelis Corp                                                                     | CUSIP: 670001AL0<br>LEI: 549300G5F3W3B52WYL23 | Long             | DBT              | CORP              | US        |    597000 | PA      | $619073.48    | 0.06%             | 2030-01-30      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| HILCORP ENERGY I/HILCORP                             | Hilcorp Energy I LP / Hilcorp Finance Co                                         | CUSIP: 431318BC7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    319000 | PA      | $335038.68    | 0.03%             | 2033-11-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO LLC                              | RRP ACADIA HEAL                                                                  | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | Short            | RA               | CORP              | US        |    -91406 | PA      | $-91406.25    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| BOMBARDIER INC                                       | Bombardier Inc                                                                   | CUSIP: 097751CD1<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |    436000 | PA      | $454991.46    | 0.04%             | 2033-06-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| FLUTTER TREASURY DAC                                 | Flutter Treasury DAC                                                             | CUSIP: 344045AB5<br>LEI: 635400JE8VLL9UFVIC38 | Long             | DBT              | CORP              | IE        |    600000 | PA      | $609012.00    | 0.06%             | 2031-06-04      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| White Cap Buyer LLC                                  | White Cap Buyer LLC 2024 Term Loan B                                             | CUSIP: 96350TAH3<br>LEI: 254900L2N0T6GULCL366 | Long             | LON              | CORP              | US        |    540346 | PA      | $540232.59    | 0.05%             | 2029-10-19      | Floating      | 7.42%                 | No            |                  2 | On Loan: No      |
| USI Inc                                              | USI Inc 2024 Term Loan D                                                         | CUSIP: 90351NAR6<br>LEI: 2549006D7UF7072T7I27 | Long             | LON              | CORP              | US        |    425019 | PA      | $424453.77    | 0.04%             | 2029-11-21      | Floating      | 6.25%                 | No            |                  2 | On Loan: No      |
| Vestis Corporation                                   | Vestis Corporation Term Loan                                                     | CUSIP: 92550HAE3<br>LEI: 254900QDW0TA2TMFAP59 | Long             | LON              | CORP              | US        |         0 | PA      | $0.00         | 0.00%             | 2031-02-22      | Floating      | 6.45%                 | No            |                  2 | On Loan: No      |
| NORTHRIVER MIDSTREAM FIN                             | Northriver Midstream Finance LP                                                  | CUSIP: 66679NAB6<br>LEI: 549300SOLNLY3BL6GF18 | Long             | DBT              | CORP              | CA        |    244000 | PA      | $249513.38    | 0.02%             | 2032-07-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| SPIRIT AEROSYSTEMS INC                               | Spirit AeroSystems Inc                                                           | CUSIP: 85205TAN0<br>LEI: ZD2NBKV6GCC3UMGBM518 | Long             | DBT              | CORP              | US        |    712000 | PA      | $749891.93    | 0.07%             | 2029-11-30      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| WR GRACE HOLDING LLC                                 | WR Grace Holdings LLC                                                            | CUSIP: 92943GAA9<br>LEI: 549300WNOVFRGYOAEB12 | Long             | DBT              | CORP              | US        |   2729000 | PA      | $2536599.50   | 0.24%             | 2029-08-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| MUTHOOT FINANCE LTD                                  | Muthoot Finance Ltd                                                              | CUSIP: 62828M2C4<br>LEI: 335800HAMJMBFL4RRF02 | Long             | DBT              | CORP              | IN        |    475000 | PA      | $489696.50    | 0.05%             | 2028-02-14      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                               | CCO Holdings LLC / CCO Holdings Capital Corp                                     | CUSIP: 1248EPCS0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   7991000 | PA      | $8100764.38   | 0.76%             | 2029-09-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| NANSHAN LIFE PTE LTD                                 | Nanshan Life Pte Ltd                                                             | CUSIP: 000000000<br>LEI: 2138006QCWSN6N7E1140 | Long             | DBT              | CORP              | SG        |    200000 | PA      | $202966.00    | 0.02%             | 2041-03-17      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| SABRE GLBL INC                                       | Sabre GLBL Inc                                                                   | CUSIP: 78573NAM4<br>LEI: F2TJC7HPPHLHU1AQMP98 | Long             | DBT              | CORP              | US        |    503000 | PA      | $487130.35    | 0.05%             | 2030-07-15      | Fixed         | 11.13%                | No            |                  2 | On Loan: No      |
| SUNNY EXPRESS                                        | Sunny Express Enterprises Corp                                                   | CUSIP: 000000000<br>LEI: 254900RHBSC69QS5NZ68 | Long             | DBT              | CORP              | VG        |    200000 | PA      | $196806.00    | 0.02%             | 2027-03-01      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| Station Casinos LLC                                  | Station Casinos LLC 2024 Term Loan B                                             | CUSIP: 85769EBB6<br>LEI: 5493004E7Q60TX54WL62 | Long             | LON              | CORP              | US        |    339825 | PA      | $339702.66    | 0.03%             | 2031-03-14      | Floating      | 6.16%                 | No            |                  2 | On Loan: No      |
| Ellucian Holdings, Inc.                              | Ellucian Holdings Inc 2024 1st Lien Term Loan B                                  | CUSIP: 28917XAB6<br>LEI: 549300RP8NIJ7FY7OS79 | Long             | LON              | CORP              | US        |    439396 | PA      | $439123.55    | 0.04%             | 2029-10-09      | Floating      | 6.91%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                | RRP MERCK + CO                                                                   | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |  -6877425 | PA      | $-6877425.00  | -0.64%            |  |  |  | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                        | TransDigm Inc                                                                    | CUSIP: 893647BU0<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |   2462000 | PA      | $2517151.26   | 0.24%             | 2029-03-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| GLOBAL AIR LEASE CO LTD                              | Global Aircraft Leasing Co Ltd                                                   | CUSIP: 37960JAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |    542000 | PA      | $558867.04    | 0.05%             | 2027-09-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| Neuberger Berman CLO Ltd                             | Neuberger Berman Loan Advisers CLO 47 Ltd                                        | CUSIP: 64135DAA3<br>LEI: 549300JRWXK6DFJD7D06 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1000486.80   | 0.09%             | 2035-04-14      | Floating      | 5.62%                 | No            |                  2 | On Loan: No      |
| BARCLAYS CAPITAL INC                                 | RRP INDONESIA (                                                                  | CUSIP: 000000000<br>LEI: AC28XWWI3WIBK2824319 | Short            | RA               | CORP              | US        |   -165317 | PA      | $-165316.56   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Lam Research Corp                                    | Lam Research Corp                                                                | CUSIP: 512807AT5<br>LEI: 549300I4GMO6D34U1T02 | Long             | DBT              | CORP              | US        |    875000 | PA      | $817034.76    | 0.08%             | 2049-03-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Oak Hill Credit                                      | OHA Credit Funding 3 LTD                                                         | CUSIP: 67112RBC7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1750000 | PA      | $1757022.93   | 0.16%             | 2038-01-20      | Floating      | 5.65%                 | No            |                  2 | On Loan: No      |
| AYC FINANCE LTD                                      | AYC Finance Ltd                                                                  | CUSIP: 000000000<br>LEI: 2549003266GB5MP1HL03 | Long             | DBT              | CORP              | KY        |    300000 | PA      | $198864.00    | 0.02%             | 2026-09-23      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                  | RRP ORACLE CORP                                                                  | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |  -1168000 | PA      | $-1168000.00  | -0.11%            |  |  |  | No            |                  2 | On Loan: No      |
| Fortress Intermediate 3, Inc                         | Fortress Intermediate 3 Inc 2025 Term Loan B                                     | CUSIP: 34966LAD6<br>LEI: 254900NLAZ3JQJW5JP75 | Long             | LON              | CORP              | US        |     79412 | PA      | $79610.97     | 0.01%             | 2031-06-27      | Floating      | 7.25%                 | No            |                  2 | On Loan: No      |
| SS&C TECHNOLOGIES INC                                | SS&C Technologies Inc                                                            | CUSIP: 78466CAD8<br>LEI: 549300KY09TR3J12JU49 | Long             | DBT              | CORP              | US        |   1008000 | PA      | $1042107.80   | 0.10%             | 2032-06-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| OLA Netherlands BV                                   | OLA Netherlands BV Term Loan                                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | NL        |    119034 | PA      | $118141.64    | 0.01%             | 2026-12-15      | Floating      | 10.51%                | No            |                  2 | On Loan: No      |
| SOTHEBY'S/BIDFAIR HLD                                | Sotheby's/Bidfair Holdings Inc                                                   | CUSIP: 83600GAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    682000 | PA      | $621425.58    | 0.06%             | 2029-06-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| International Paper Co                               | International Paper Co                                                           | CUSIP: 460146CF8<br>LEI: 824LMFJDH41EY779Q875 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $11618488.50  | 1.09%             | 2039-11-15      | Fixed         | 7.30%                 | No            |                  2 | On Loan: No      |
| CIFC Funding Ltd                                     | CIFC Funding 2024-I Ltd                                                          | CUSIP: 12570XAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1500000 | PA      | $1506221.70   | 0.14%             | 2037-04-18      | Floating      | 5.83%                 | No            |                  2 | On Loan: No      |
| ALTICE FRANCE SA                                     | Altice France SA                                                                 | CUSIP: 02156LAH4<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |    200000 | PA      | $172987.27    | 0.02%             | 2029-10-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CITRIN COOPERMAN ADVISORS LLC                        | Citrin Cooperman Advisors LLC 2025 Term Loan B                                   | CUSIP: 17737EAC7<br>LEI: 254900DPG9ZEAP5MK895 | Long             | LON              | CORP              | US        |    106178 | PA      | $105613.79    | 0.01%             | 2032-04-01      | Floating      | 7.00%                 | No            |                  2 | On Loan: No      |
| NOMURA SECURITIES INTERNATIONAL INC                  | RRP INTERPUBLIC                                                                  | CUSIP: 000000000<br>LEI: OXTKY6Q8X53C9ILVV871 | Short            | RA               | CORP              | US        |  -1368999 | PA      | $-1368998.75  | -0.13%            |  |  |  | No            |                  2 | On Loan: No      |
| ELEMENT SOLUTIONS INC                                | Element Solutions Inc                                                            | CUSIP: 28618MAA4<br>LEI: 549300FLGN6P5CU20J91 | Long             | DBT              | CORP              | US        |   3039000 | PA      | $2945191.54   | 0.28%             | 2028-09-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| ABC SUPPLY CO INC                                    | American Builders & Contractors Supply Co Inc                                    | CUSIP: 024747AG2<br>LEI: 549300H5GQ4C1BEKG397 | Long             | DBT              | CORP              | US        |      6000 | PA      | $5692.75      | 0.00%             | 2029-11-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| TEMPO ACQUISITION LLC                                | Tempo Acquisition LLC 2025 Repriced Term Loan B                                  | CUSIP: 88023HAJ9<br>LEI: 549300VV0B2RPMHQGA61 | Long             | LON              | CORP              | US        |    124662 | PA      | $121719.14    | 0.01%             | 2028-08-31      | Floating      | 5.91%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS & CO LLC                               | RRP QUALCOMM IN                                                                  | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | Short            | RA               | CORP              | US        |   -780000 | PA      | $-780000.00   | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| LEVEL 3 FINANCING INC                                | LEVEL 3 FINANCING INC 2025 REPRICED TERM LOAN B4                                 | CUSIP: 000000000<br>LEI: 254900AE5FEFIJOXWL19 | Long             | LON              | CORP              | US        |     65000 | PA      | $65000.00     | 0.01%             | 2032-03-29      | Floating      | 7.42%                 | No            |                  2 | On Loan: No      |
| DIVERSIFIED HEALTHCARE T                             | Diversified Healthcare Trust                                                     | CUSIP: 25525PAE7<br>LEI: N/A                  | Long             | DBT              |  | US        |    173000 | PA      | $175825.01    | 0.02%             | 2030-10-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| IRB INFRASTRUCTURE DEVE                              | IRB INFRASTRUCTURE DEVE                                                          | CUSIP: 000000000<br>LEI: 335800XGO3AITGW6AK27 | Long             | DBT              | CORP              | IN        |    200000 | PA      | $207250.00    | 0.02%             | 2032-03-11      | Fixed         | 7.11%                 | No            |                  2 | On Loan: No      |
| TEREX CORP                                           | Terex Corp                                                                       | CUSIP: 880779BB8<br>LEI: YAWJZJYEQ7M1SYMOS462 | Long             | DBT              | CORP              | US        |    467000 | PA      | $475731.03    | 0.04%             | 2032-10-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Cushman & Wakefield U.S. Borrower, LLC               | Cushman & Wakefield US Borrower LLC 2025 Term Loan B3                            | CUSIP: 23340DAW2<br>LEI: 549300870CMN3WI5IF97 | Long             | LON              | CORP              | US        |     70115 | PA      | $70246.82     | 0.01%             | 2030-01-31      | Floating      | 6.91%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                                 | OneMain Finance Corp                                                             | CUSIP: 682691AG5<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    139000 | PA      | $144140.64    | 0.01%             | 2031-11-15      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| MIDCONTINENT COMMUNICATI                             | Midcontinent Communications                                                      | CUSIP: 59565XAD2<br>LEI: 549300ZI9GDQBS28C408 | Long             | DBT              | CORP              | US        |    211000 | PA      | $217393.93    | 0.02%             | 2032-08-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| BOEING CO                                            | Boeing Co/The                                                                    | CUSIP: 097023CY9<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |   6775000 | PA      | $6952203.99   | 0.65%             | 2030-05-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Charter Communications Operating LLC                 | Charter Communications Operating LLC 2023 Term Loan B4                           | CUSIP: 16117LCB3<br>LEI: 549300TPZNMN50BJ3745 | Long             | LON              | CORP              | US        |    153856 | PA      | $153631.38    | 0.01%             | 2030-12-07      | Floating      | 6.29%                 | No            |                  2 | On Loan: No      |
| SENSATA TECHNOLOGIES BV                              | Sensata Technologies BV                                                          | CUSIP: 81725WAK9<br>LEI: PUCKW5P5O3XMOZVH7T53 | Long             | DBT              | CORP              | NL        |    207000 | PA      | $198652.18    | 0.02%             | 2029-04-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| AMERICAN AXLE & MFG INC                              | American Axle & Manufacturing Inc                                                | CUSIP: 02406PBC3<br>LEI: RY5TAKFOBLDUGX31MS24 | Long             | DBT              | CORP              | US        |    195000 | PA      | $194670.76    | 0.02%             | 2032-10-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| PENNYMAC FIN SVCS INC                                | PennyMac Financial Services Inc                                                  | CUSIP: 70932MAD9<br>LEI: 549300W1D516HBDEU871 | Long             | DBT              | CORP              | US        |    301000 | PA      | $319450.40    | 0.03%             | 2029-12-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| LIONS GATE CAPITAL HOL 1                             | Starz Capital Holdings 1 Inc                                                     | CUSIP: 535939AA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    388000 | PA      | $367955.92    | 0.03%             | 2030-04-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| NOURYON FINANCE BV                                   | Nouryon Finance BV 2024 USD Term Loan B1                                         | CUSIP: 000000000<br>LEI: 549300GD4NJGLPVYB245 | Long             | LON              | CORP              | NL        |    157494 | PA      | $157593.38    | 0.01%             | 2028-04-03      | Floating      | 7.50%                 | No            |                  2 | On Loan: No      |
| KRAFT HEINZ FOODS CO                                 | Kraft Heinz Foods Co                                                             | CUSIP: 50077LBJ4<br>LEI: 5493003STKEZ2S0RNU91 | Long             | DBT              | CORP              | US        |   2825000 | PA      | $2668324.20   | 0.25%             | 2050-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SERVICE PROPERTIES TRUST                             | Service Properties Trust                                                         | CUSIP: 81761LAE2<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              |  | US        |    625000 | PA      | $628511.88    | 0.06%             | 2032-06-15      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| CFAMC II CO LTD                                      | CFAMC II Co Ltd                                                                  | CUSIP: 000000000<br>LEI: 549300BHVD63HE2GHX17 | Long             | DBT              | CORP              | VG        |    200000 | PA      | $199850.00    | 0.02%             | 2026-06-03      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| 1011778 BC / NEW RED FIN                             | 1011778 BC ULC / New Red Finance Inc                                             | CUSIP: 68245XAJ8<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |   2509000 | PA      | $2465294.73   | 0.23%             | 2028-01-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| NOMURA SECURITIES INTERNATIONAL INC                  | RRP MCAFEE CORP                                                                  | CUSIP: 000000000<br>LEI: OXTKY6Q8X53C9ILVV871 | Short            | RA               | CORP              | US        |   -367322 | PA      | $-367322.50   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| AMENTUM HOLDINGS INC                                 | Amentum Holdings Inc                                                             | CUSIP: 02352BAA3<br>LEI: 2549009FJIBLW40CU216 | Long             | DBT              | CORP              | US        |    364000 | PA      | $377965.22    | 0.04%             | 2032-08-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| RELIANCE INDUSTRIES LTD                              | Reliance Industries Ltd                                                          | CUSIP: 000000000<br>LEI: 5493003UOETFYRONLG31 | Long             | DBT              | CORP              | IN        |    300000 | PA      | $296739.00    | 0.03%             | 2027-11-30      | Fixed         | 3.67%                 | No            |                  2 | On Loan: No      |
| QUIKRETE HOLDINGS INC                                | Quikrete Holdings Inc 2025 Term Loan B                                           | CUSIP: 74839XAL3<br>LEI: 5493007KIN86DIZWZT22 | Long             | LON              | CORP              | US        |     95520 | PA      | $95455.05     | 0.01%             | 2032-02-10      | Floating      | 6.41%                 | No            |                  2 | On Loan: No      |
| CHEMOURS CO                                          | Chemours Co/The                                                                  | CUSIP: 163851AE8<br>LEI: 549300M1BOLNXL8DOV14 | Long             | DBT              | CORP              | US        |    484000 | PA      | $483600.09    | 0.05%             | 2027-05-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| FERTITTA ENTERTAINMENT                               | Fertitta Entertainment LLC / Fertitta Entertainment Finance Co Inc               | CUSIP: 31556TAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    821000 | PA      | $781376.98    | 0.07%             | 2029-01-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| RTX CORP                                             | RTX Corp                                                                         | CUSIP: 75513EAC5<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | DBT              | CORP              | US        |   3545000 | PA      | $2410692.49   | 0.23%             | 2050-07-01      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| WINDSTREAM SERVICES LLC                              | Windstream Services LLC                                                          | CUSIP: 97382BAB5<br>LEI: 549300KT9GVEBYCD2N29 | Long             | DBT              | CORP              | US        |    452000 | PA      | $451877.96    | 0.04%             | 2033-10-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| XPLR INFRAST OPERATING                               | XPLR Infrastructure Operating Partners LP                                        | CUSIP: 98380MAA3<br>LEI: 549300KJEC5IUVJWR786 | Long             | DBT              | CORP              | US        |    776000 | PA      | $813248.00    | 0.08%             | 2031-01-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| CLOVER HOLDINGS 2 LLC                                | Clover Holdings 2 LLC Term Loan B                                                | CUSIP: 18914DAB4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    497372 | PA      | $497217.31    | 0.05%             | 2031-12-09      | Floating      | 7.94%                 | No            |                  2 | On Loan: No      |
| Elmwood CLO XI Ltd                                   | Elmwood CLO XI Ltd                                                               | CUSIP: 29002LAL4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1250000 | PA      | $1252624.88   | 0.12%             | 2038-01-20      | Floating      | 5.88%                 | No            |                  2 | On Loan: No      |
| Elmwood CLO 37 Ltd                                   | Elmwood CLO 37 Ltd                                                               | CUSIP: 29004UAG3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1000776.80   | 0.09%             | 2038-01-17      | Floating      | 6.02%                 | No            |                  2 | On Loan: No      |
| BPCE SA                                              | BPCE SA                                                                          | CUSIP: 05571ABB0<br>LEI: 9695005MSX1OYEMGDF46 | Long             | DBT              | CORP              | FR        |   3095000 | PA      | $3322080.12   | 0.31%             | 2046-01-14      | Fixed         | 6.92%                 | No            |                  2 | On Loan: No      |
| HILCORP ENERGY I/HILCORP                             | Hilcorp Energy I LP / Hilcorp Finance Co                                         | CUSIP: 431318AZ7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     20000 | PA      | $19186.97     | 0.00%             | 2032-04-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                | RRP BROADCOM IN                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        | -10723175 | PA      | $-10723175.00 | -1.00%            |  |  |  | No            |                  2 | On Loan: No      |
| TRANS UNION LLC                                      | Trans Union LLC 2024 Term Loan B9                                                | CUSIP: 89334GBG8<br>LEI: X8NPN6PWJOM1QCTYFV34 | Long             | LON              | CORP              | US        |    311258 | PA      | $310940.02    | 0.03%             | 2031-06-24      | Floating      | 5.91%                 | No            |                  2 | On Loan: No      |
| NOMURA SECURITIES INTERNATIONAL INC                  | RRP ALLIANT HOL                                                                  | CUSIP: 000000000<br>LEI: OXTKY6Q8X53C9ILVV871 | Short            | RA               | CORP              | US        |  -1520840 | PA      | $-1520840.00  | -0.14%            |  |  |  | No            |                  2 | On Loan: No      |
| ATLAS LUXCO 4 / ALL UNI                              | Allied Universal Holdco LLC/Allied Universal Finance Corp/Atlas Luxco 4 Sarl     | CUSIP: 019579AA9<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |   1212000 | PA      | $1187963.01   | 0.11%             | 2028-06-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| Lumen Technologies Inc                               | Lumen Technologies Inc 2024 Extended Term Loan B1                                | CUSIP: 55024EAF2<br>LEI: 8M3THTGWLTYZVE6BBY25 | Long             | LON              | CORP              | US        |    134694 | PA      | $133703.15    | 0.01%             | 2029-04-16      | Floating      | 6.63%                 | No            |                  2 | On Loan: No      |
| JP MORGAN SECURITIES LLC                             | RRP CHARTER COM                                                                  | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | Short            | RA               | CORP              | US        |  -7355720 | PA      | $-7355720.00  | -0.69%            |  |  |  | No            |                  2 | On Loan: No      |
| SK ON CO LTD                                         | SK On Co Ltd                                                                     | CUSIP: 000000000<br>LEI: 2549004DJVWOD3WI1E40 | Long             | DBT              | CORP              | KR        |    200000 | PA      | $201266.00    | 0.02%             | 2026-05-11      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| UNIVISION COMMUNICATIONS                             | Univision Communications Inc                                                     | CUSIP: 914906BA9<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |    515000 | PA      | $548818.51    | 0.05%             | 2032-08-01      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| LEVI STRAUSS & CO                                    | Levi Strauss & Co                                                                | CUSIP: 52736RBJ0<br>LEI: MB0UERO0RDFKU8258G77 | Long             | DBT              | CORP              | US        |    462000 | PA      | $428937.11    | 0.04%             | 2031-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Ziggo Financing Partnership                          | Ziggo Financing Partnership USD Term Loan I                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    115673 | PA      | $115312.13    | 0.01%             | 2028-04-30      | Floating      | 6.76%                 | No            |                  2 | On Loan: No      |
| AUST & NZ BANKING GROUP                              | Australia & New Zealand Banking Group Ltd                                        | CUSIP: 05252BDL0<br>LEI: JHE42UYNWWTJB8YTTU19 | Long             | DBT              | CORP              | AU        |    200000 | PA      | $201109.40    | 0.02%             | 2027-07-16      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| PERUSAHAAN LISTRIK NEGAR                             | Perusahaan Perseroan Persero PT Perusahaan Listrik Negara                        | CUSIP: 71568QAN7<br>LEI: 254900OYVDRYS9J51J61 | Long             | DBT              | CORP              | ID        |    350000 | PA      | $326812.50    | 0.03%             | 2030-06-30      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Whitebox CLO Ltd                                     | Whitebox Clo I Ltd                                                               | CUSIP: 96467FAU4<br>LEI: 549300E4AC0513DYO913 | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $2001573.60   | 0.19%             | 2036-07-24      | Floating      | 5.64%                 | No            |                  2 | On Loan: No      |
| HOWARD HUGHES CORP                                   | Howard Hughes Corp/The                                                           | CUSIP: 44267DAE7<br>LEI: 549300BVHY25JZC1KI49 | Long             | DBT              | CORP              | US        |    176000 | PA      | $168833.65    | 0.02%             | 2029-02-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| UMBS, TBA                                            | Uniform Mortgage-Backed Security, TBA                                            | CUSIP: 01F0606A8<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        | 156425000 | PA      | $159801851.28 | 14.94%            | 2054-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Hunter Douglas Inc.                                  | Hunter Douglas Inc 2025 USD Term Loan B                                          | CUSIP: 000000000<br>LEI: 529900811T142NS3H544 | Long             | LON              | CORP              | US        |    287259 | PA      | $287259.01    | 0.03%             | 2032-01-20      | Floating      | 7.25%                 | No            |                  2 | On Loan: No      |
| KOREA NATIONAL OIL CORP                              | Korea National Oil Corp                                                          | CUSIP: 000000000<br>LEI: 988400ZTQ08W926ONT36 | Long             | DBT              | NUSS              | KR        |    200000 | PA      | $204406.56    | 0.02%             | 2029-04-03      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| DREAM FINDERS HOMES INC                              | Dream Finders Homes Inc                                                          | CUSIP: 26154DAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    168000 | PA      | $174292.44    | 0.02%             | 2028-08-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| MCDONALD'S CORP                                      | McDonald's Corp                                                                  | CUSIP: 58013MFR0<br>LEI: UE2136O97NLB5BYP9H04 | Long             | DBT              | CORP              | US        |    480000 | PA      | $394633.73    | 0.04%             | 2050-04-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| OUTFRONT MEDIA CAP LLC/C                             | Outfront Media Capital LLC / Outfront Media Capital Corp                         | CUSIP: 69007TAG9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    359000 | PA      | $378724.54    | 0.04%             | 2031-02-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| SNAP INC                                             | Snap Inc                                                                         | CUSIP: 83304AAM8<br>LEI: 549300JNC0L6VP8A2Q35 | Long             | DBT              | CORP              | US        |    348000 | PA      | $352221.73    | 0.03%             | 2034-03-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| WR Grace & Co-Conn                                   | WR Grace & Co-Conn 2025 Term Loan B                                              | CUSIP: 92943HAD1<br>LEI: 549300WNOVFRGYOAEB12 | Long             | LON              | CORP              | US        |    111000 | PA      | $111185.37    | 0.01%             | 2032-08-19      | Floating      | 7.00%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                | RRP LENNAR CORP                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |   -852175 | PA      | $-852175.00   | -0.08%            |  |  |  | No            |                  2 | On Loan: No      |
| BOEING CO/THE                                        | Boeing Co/The                                                                    | CUSIP: 097023DU6<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |   2285000 | PA      | $2645237.90   | 0.25%             | 2064-05-01      | Fixed         | 7.01%                 | No            |                  2 | On Loan: No      |
| CABLE ONE INC                                        | Cable One Inc                                                                    | CUSIP: 12685JAG0<br>LEI: 549300648QS85T0XSH18 | Long             | DBT              | CORP              | US        |     79000 | PA      | $67426.50     | 0.01%             | 2028-03-15      | Fixed         | 1.13%                 | No            |                  2 | On Loan: No      |
| NEW ENTERPRISE STONE & L                             | New Enterprise Stone & Lime Co Inc                                               | CUSIP: 644274AH5<br>LEI: 549300O5DQ5Y61B8VF38 | Long             | DBT              | CORP              | US        |    163000 | PA      | $161495.74    | 0.02%             | 2028-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CHAMPION PATH HOLDINGS                               | Champion Path Holdings Ltd                                                       | CUSIP: 000000000<br>LEI: 549300QWJFPV5413KI88 | Long             | DBT              | CORP              | VG        |    500000 | PA      | $491110.00    | 0.05%             | 2028-01-27      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| GENERAL DYNAMICS CORP                                | General Dynamics Corp                                                            | CUSIP: 369550BJ6<br>LEI: 9C1X8XOOTYY2FNYTVH06 | Long             | DBT              | CORP              | US        |   1260000 | PA      | $1082561.37   | 0.10%             | 2050-04-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| AMNEAL PHARMACEUTICALS L                             | Amneal Pharmaceuticals LLC                                                       | CUSIP: 03168LAA3<br>LEI: 54930037VIXE7LRZ1M66 | Long             | DBT              | CORP              | US        |    226000 | PA      | $233731.99    | 0.02%             | 2032-08-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| GLOBAL PART/GLP FINANCE                              | Global Partners LP / GLP Finance Corp                                            | CUSIP: 37954FAL8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    162000 | PA      | $166047.25    | 0.02%             | 2033-07-01      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| UNITED AIRLINES INC                                  | United Airlines Inc 2024 1st Lien Term Loan B                                    | CUSIP: 90932RAP9<br>LEI: K1OQBWM7XEOO08LDNP29 | Long             | LON              | CORP              | US        |    146764 | PA      | $147008.84    | 0.01%             | 2031-02-22      | Floating      | 6.20%                 | No            |                  2 | On Loan: No      |
| General Motors Co                                    | General Motors Co                                                                | CUSIP: 37045VAT7<br>LEI: 54930070NSV60J38I987 | Long             | DBT              | CORP              | US        |   3455000 | PA      | $3368374.44   | 0.32%             | 2049-04-01      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| PARKLAND CORP                                        | Parkland Corp                                                                    | CUSIP: 70137WAN8<br>LEI: 549300UY5C6HUV0XLS53 | Long             | DBT              | CORP              | CA        |    297000 | PA      | $305185.91    | 0.03%             | 2032-08-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| 1011778 BC / NEW RED FIN                             | 1011778 BC ULC / New Red Finance Inc                                             | CUSIP: 68245XAM1<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    176000 | PA      | $165866.52    | 0.02%             | 2030-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                                 | OneMain Finance Corp                                                             | CUSIP: 682691AF7<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    115000 | PA      | $120216.61    | 0.01%             | 2031-05-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| AT&T Inc                                             | AT&T Inc                                                                         | CUSIP: 00206RBK7<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |     95000 | PA      | $80265.58     | 0.01%             | 2045-06-15      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| WINDSTREAM SERVICES/ESCR                             | Windstream Services LLC / Windstream Escrow Finance Corp                         | CUSIP: 97381AAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1183000 | PA      | $1225441.77   | 0.11%             | 2031-10-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| VAIL RESORTS INC                                     | Vail Resorts Inc                                                                 | CUSIP: 91879QAP4<br>LEI: 529900PSZHRNU9HKH870 | Long             | DBT              | CORP              | US        |    518000 | PA      | $535586.10    | 0.05%             | 2032-05-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| OHA Credit Partners Ltd                              | OHA Credit Partners XII Ltd                                                      | CUSIP: 67109YBJ2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    600000 | PA      | $608142.78    | 0.06%             | 2037-04-23      | Floating      | 7.82%                 | No            |                  2 | On Loan: No      |
| CABLEVISION LIGHTPATH                                | Cablevision Lightpath LLC                                                        | CUSIP: 12687GAB5<br>LEI: 5493002ZVBLRLGES1R71 | Long             | DBT              | CORP              | US        |    540000 | PA      | $531184.39    | 0.05%             | 2028-09-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| MIDWEST GMNG BOR/MWG FIN                             | Midwest Gaming Borrower LLC / Midwest Gaming Finance Corp                        | CUSIP: 59833DAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    313000 | PA      | $304267.43    | 0.03%             | 2029-05-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| RHP HOTEL PPTY/RHP FINAN                             | RHP Hotel Properties LP / RHP Finance Corp                                       | CUSIP: 749571AL9<br>LEI: N/A                  | Long             | DBT              |  | US        |    352000 | PA      | $362521.28    | 0.03%             | 2033-06-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Bally's Corporation                                  | Bally's Corporation 2021 Term Loan B                                             | CUSIP: 05875CAB0<br>LEI: 549300NS4D5IK406VT62 | Long             | LON              | CORP              | US        |    111357 | PA      | $107924.26    | 0.01%             | 2028-10-02      | Floating      | 7.84%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                | RRP KRAFT HEINZ                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |  -4757162 | PA      | $-4757162.50  | -0.44%            |  |  |  | No            |                  2 | On Loan: No      |
| VS BUYER LLC                                         | VS Buyer LLC 2025 Term Loan B                                                    | CUSIP: 91834WAG5<br>LEI: 254900G5QLDMHSCYJK25 | Long             | LON              | CORP              | US        |    391076 | PA      | $389977.41    | 0.04%             | 2031-04-12      | Floating      | 6.56%                 | No            |                  2 | On Loan: No      |
| American Airlines, Inc.                              | American Airlines Inc 2025 Term Loan                                             | CUSIP: 02376CBS3<br>LEI: IWUQB36BXD6OWD6X4T14 | Long             | LON              | CORP              | KY        |    154766 | PA      | $154444.00    | 0.01%             | 2028-04-20      | Floating      | 6.58%                 | No            |                  2 | On Loan: No      |
| Cloud Software Group Inc                             | Cloud Software Group Inc 2025 Term Loan B (2031)                                 | CUSIP: 88632NBK5<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | LON              | CORP              | US        |    368217 | PA      | $369483.79    | 0.03%             | 2031-03-21      | Floating      | 7.25%                 | No            |                  2 | On Loan: No      |
| Emera Inc                                            | Emera Inc                                                                        | CUSIP: 290876AD3<br>LEI: NQZVQT2P5IUF2PGA1Q48 | Long             | DBT              | CORP              | CA        |   7500000 | PA      | $7538437.50   | 0.70%             | 2076-06-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| M6 ETX HOLDINGS II MIDCO LLC                         | M6 ETX Holdings II Midco LLC 2025 Term Loan B                                    | CUSIP: 55285DAG6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     83790 | PA      | $83790.00     | 0.01%             | 2032-04-01      | Floating      | 9.25%                 | No            |                  2 | On Loan: No      |
| BANK OF EAST ASIA LTD                                | Bank of East Asia Ltd/The                                                        | CUSIP: 000000000<br>LEI: CO6GC26LCGGRTUESIP55 | Long             | DBT              | CORP              | HK        |    250000 | PA      | $252011.75    | 0.02%             | 2027-03-13      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| BSF FINANCE                                          | BSF Finance                                                                      | CUSIP: 000000000<br>LEI: 549300FJCGREO1P1UL36 | Long             | DBT              | CORP              | KY        |    400000 | PA      | $400620.00    | 0.04%             | 2035-09-03      | Fixed         | 5.76%                 | No            |                  2 | On Loan: No      |
| Murphy USA Inc                                       | Murphy USA Inc Term Loan B                                                       | CUSIP: 62675KAB5<br>LEI: N32S6DTR2ZZ5222WHV58 | Long             | LON              | CORP              | US        |     44000 | PA      | $44320.76     | 0.00%             | 2032-04-07      | Floating      | 6.03%                 | No            |                  2 | On Loan: No      |
| Benefit Street Partners CLO Ltd                      | Benefit Street Partners CLO XVI Ltd                                              | CUSIP: 08181VAY1<br>LEI: 2549001UGYKGM9DWMY60 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1003699.00   | 0.09%             | 2038-01-17      | Floating      | 5.64%                 | No            |                  2 | On Loan: No      |
| ABJA INVESTMENT CO                                   | ABJA Investment Co Pte Ltd                                                       | CUSIP: 000000000<br>LEI: 254900E6OE5YJ9WCCU19 | Long             | DBT              | CORP              | SG        |    306000 | PA      | $312120.00    | 0.03%             | 2028-01-24      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                                       | NRG Energy Inc                                                                   | CUSIP: 629377CW0<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |   1028000 | PA      | $1044006.99   | 0.10%             | 2033-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| MAGENTA SECURITY HOLDINGS LLC                        | Magenta Security Holdings LLC 2024 First Out Term Loan                           | CUSIP: 55909UAE9<br>LEI: 254900F51KU7HIRXTS68 | Long             | LON              | CORP              | US        |     49351 | PA      | $40317.20     | 0.00%             | 2028-07-27      | Floating      | 11.32%                | No            |                  2 | On Loan: No      |
| BUCKEYE PARTNERS LP                                  | Buckeye Partners LP 2025 Term Loan B2                                            | CUSIP: 11823LAQ8<br>LEI: 549300C1PQJLVEIUBK50 | Long             | LON              | CORP              | US        |     44775 | PA      | $44791.12     | 0.00%             | 2030-11-22      | Floating      | 5.91%                 | No            |                  2 | On Loan: No      |
| PRA Health Sciences Inc                              | PRA Health Sciences Inc 2024 US Term Loan B                                      | CUSIP: 000000000<br>LEI: 549300R1HR1VWWHIAK47 | Long             | LON              | CORP              | US        |     13902 | PA      | $13890.07     | 0.00%             | 2028-07-03      | Floating      | 6.00%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                                         | UBS Group AG                                                                     | CUSIP: 902613BK3<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |   4845000 | PA      | $5228772.50   | 0.49%             | 2031-04-12      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| APEX GROUP TREASURY LLC                              | Apex Group Treasury LLC 2025 USD Term Loan B                                     | CUSIP: 000000000<br>LEI: 254900N6HRPDDNW7HP03 | Long             | LON              | CORP              | US        |    223555 | PA      | $218245.57    | 0.02%             | 2032-02-27      | Floating      | 7.75%                 | No            |                  2 | On Loan: No      |
| BARCLAYS CAPITAL INC                                 | RRP NISSAN MOTO                                                                  | CUSIP: 000000000<br>LEI: AC28XWWI3WIBK2824319 | Short            | RA               | CORP              | US        |  -3085425 | PA      | $-3085425.00  | -0.29%            |  |  |  | No            |                  2 | On Loan: No      |
| WILLIAMS COMPANIES INC                               | Williams Cos Inc/The                                                             | CUSIP: 96949LAC9<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | DBT              | CORP              | US        |   5075000 | PA      | $4698186.58   | 0.44%             | 2045-09-15      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| CHUGOKU ELECTRIC POWER                               | Chugoku Electric Power Co Inc/The                                                | CUSIP: 000000000<br>LEI: 353800MV866ELME96Q46 | Long             | DBT              | CORP              | JP        |    200000 | PA      | $209138.65    | 0.02%             | 2035-01-14      | Fixed         | 5.74%                 | No            |                  2 | On Loan: No      |
| MEIJI YASUDA LIFE INSURA                             | Meiji Yasuda Life Insurance Co                                                   | CUSIP: 000000000<br>LEI: 549300SLU4LP6YMRLK07 | Long             | DBT              | CORP              | JP        |    600000 | PA      | $624278.40    | 0.06%             | 2055-06-11      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| LIGHT & WONDER INTL INC                              | Light & Wonder International Inc                                                 | CUSIP: 531968AA3<br>LEI: RLTHESQ0RNFQJWPBJN60 | Long             | DBT              | CORP              | US        |    309000 | PA      | $321347.02    | 0.03%             | 2031-09-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| BOMBARDIER INC                                       | Bombardier Inc                                                                   | CUSIP: 097751CB5<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |    165000 | PA      | $174905.32    | 0.02%             | 2031-07-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| WHIRLPOOL CORP                                       | Whirlpool Corp                                                                   | CUSIP: 963320BD7<br>LEI: WHENKOULSSK7WUM60H03 | Long             | DBT              | CORP              | US        |    169000 | PA      | $170323.65    | 0.02%             | 2030-06-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| Roper Industrial Products Investment Company LLC     | Roper Industrial Products Investment Company LLC 2024 USD 1st Lien Term Loan B   | CUSIP: 77669LAK9<br>LEI: 254900RXO1EICEHOLG29 | Long             | LON              | CORP              | US        |    104308 | PA      | $104395.56    | 0.01%             | 2029-11-22      | Floating      | 6.75%                 | No            |                  2 | On Loan: No      |
| AETHON UN/AETHIN UN FIN                              | Aethon United BR LP / Aethon United Finance Corp                                 | CUSIP: 00810GAD6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    508000 | PA      | $529791.17    | 0.05%             | 2029-10-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| QUIKRETE HOLDINGS INC                                | Quikrete Holdings Inc                                                            | CUSIP: 74843PAB6<br>LEI: 5493007KIN86DIZWZT22 | Long             | DBT              | CORP              | US        |    395000 | PA      | $410679.02    | 0.04%             | 2033-03-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Baxalta Inc                                          | Baxalta Inc                                                                      | CUSIP: 07177MAN3<br>LEI: 5493000JW8DCO3T45R55 | Long             | DBT              | CORP              | US        |   6000000 | PA      | $5749738.98   | 0.54%             | 2045-06-23      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| DIRECTV FINANCING LLC                                | Directv Financing LLC                                                            | CUSIP: 254945AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    625000 | PA      | $617325.82    | 0.06%             | 2030-02-01      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| RBC CAPITAL MARKETS LLC                              | RRP UNITEDHEALT                                                                  | CUSIP: 000000000<br>LEI: 549300LCO2FLSSVFFR64 | Short            | RA               | CORP              | US        | -11062500 | PA      | $-11062500.00 | -1.03%            |  |  |  | No            |                  2 | On Loan: No      |
| ALLIED UNIVERSAL                                     | Allied Universal Holdco LLC / Allied Universal Finance Corp                      | CUSIP: 019576AF4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1102000 | PA      | $1132668.66   | 0.11%             | 2030-06-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| BLUE RACER MID LLC/FINAN                             | Blue Racer Midstream LLC / Blue Racer Finance Corp                               | CUSIP: 095796AJ7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    321000 | PA      | $332855.20    | 0.03%             | 2029-07-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| GOODYEAR TIRE & RUBBER                               | Goodyear Tire & Rubber Co/The                                                    | CUSIP: 382550BS9<br>LEI: 5493002BI0S2ZQUY3437 | Long             | DBT              | CORP              | US        |    213000 | PA      | $216122.42    | 0.02%             | 2030-07-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| ZAYO GROUP HOLDINGS INC                              | Zayo Group Holdings Inc                                                          | CUSIP: 98919VAC9<br>LEI: 529900Z6OTS7RT0V0I47 | Long             | DBT              | CORP              | US        |   3051283 | PA      | $2921603.62   | 0.27%             | 2030-03-09      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| ARDAGH METAL PACKAGING                               | Ardagh Metal Packaging Finance USA LLC / Ardagh Metal Packaging Finance PLC      | CUSIP: 03969YAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    200000 | PA      | $190003.54    | 0.02%             | 2028-09-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Vodafone Group PLC                                   | Vodafone Group PLC                                                               | CUSIP: 92857WBQ2<br>LEI: 213800TB53ELEUKM7Q61 | Long             | DBT              | CORP              | GB        |   4745000 | PA      | $5013307.69   | 0.47%             | 2079-04-04      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Hertz Corporation, (The)                             | Hertz Corporation (The) 2021 Term Loan C                                         | CUSIP: 42804VBC4<br>LEI: 549300PD0C69OJ0NLB27 | Long             | LON              | CORP              | US        |     30026 | PA      | $26901.75     | 0.00%             | 2028-06-30      | Floating      | 8.07%                 | No            |                  2 | On Loan: No      |
| FREEDOM MORTGAGE HOLD                                | Freedom Mortgage Holdings LLC                                                    | CUSIP: 35641AAA6<br>LEI: 254900ROJ91RGM43S156 | Long             | DBT              | CORP              | US        |    235000 | PA      | $247261.27    | 0.02%             | 2029-02-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| SPEEDSTER BIDCO GMBH                                 | Speedster Bidco GmbH 2024 USD Term Loan B                                        | CUSIP: 000000000<br>LEI: 254900LE837QB2YYV824 | Long             | LON              | CORP              | DE        |    322382 | PA      | $322585.12    | 0.03%             | 2031-12-10      | Floating      | 7.24%                 | No            |                  2 | On Loan: No      |
| DARLING INGREDIENTS INC                              | Darling Ingredients Inc                                                          | CUSIP: 237266AJ0<br>LEI: L1N0SPPKS7EXZYUMZ898 | Long             | DBT              | CORP              | US        |    391000 | PA      | $394738.35    | 0.04%             | 2030-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| PRIME SECSRVC BRW/FINANC                             | Prime Security Services Borrower LLC / Prime Finance Inc                         | CUSIP: 74166MAE6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    879000 | PA      | $878230.26    | 0.08%             | 2028-01-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Aramark Services Inc                                 | Aramark Services Inc 2024 Term Loan B8                                           | CUSIP: 03852JAV3<br>LEI: 42YMHYH0XMHJEXDUB065 | Long             | LON              | CORP              | US        |    258465 | PA      | $258734.15    | 0.02%             | 2030-06-22      | Floating      | 6.20%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS SA                                       | RRP TELEFLEX IN                                                                  | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | Short            | RA               | CORP              | US        |   -556579 | PA      | $-556578.75   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| LIFEPOINT HEALTH INC                                 | LifePoint Health Inc                                                             | CUSIP: 53219LAY5<br>LEI: 549300G8ZVHRTBBBSZ90 | Long             | DBT              | CORP              | US        |     92000 | PA      | $98045.15     | 0.01%             | 2032-02-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| Foundation Building Materials Holding Company LLC    | Foundation Building Materials Holding Company LLC 2024 Term Loan B2              | CUSIP: 35039KAD8<br>LEI: 549300ZVE6MONHB01I28 | Long             | LON              | CORP              | US        |    322152 | PA      | $322554.62    | 0.03%             | 2031-01-29      | Floating      | 8.31%                 | No            |                  2 | On Loan: No      |
| SERVICE PROPERTIES TRUST                             | Service Properties Trust                                                         | CUSIP: 81761LAC6<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              |  | US        |   1619000 | PA      | $1723739.59   | 0.16%             | 2031-11-15      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                | RRP WILLIAMS CO                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |  -4364500 | PA      | $-4364500.00  | -0.41%            |  |  |  | No            |                  2 | On Loan: No      |
| ASCENT RESOURCES/ARU FIN                             | Ascent Resources Utica Holdings LLC / ARU Finance Corp                           | CUSIP: 04364VBA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    221000 | PA      | $224682.18    | 0.02%             | 2033-07-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| Pertamina Persero PT                                 | Pertamina Persero PT                                                             | CUSIP: 69370RAK3<br>LEI: 254900NDAKGNZ2IBBL45 | Long             | DBT              | CORP              | ID        |    250000 | PA      | $247042.50    | 0.02%             | 2026-02-09      | Fixed         | 1.40%                 | No            |                  2 | On Loan: No      |
| BOMBARDIER INC                                       | Bombardier Inc                                                                   | CUSIP: 097751CC3<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |    362000 | PA      | $378356.24    | 0.04%             | 2032-06-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| CITIC                                                | CITIC Ltd                                                                        | CUSIP: 000000000<br>LEI: 2549006I3Q3M98KHOT11 | Long             | DBT              | CORP              | HK        |    200000 | PA      | $199106.00    | 0.02%             | 2026-06-14      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| FORTUNE STAR BVI LTD                                 | Fortune Star BVI Ltd                                                             | CUSIP: 000000000<br>LEI: 2549008CU8NYQQRSNU62 | Long             | DBT              | CORP              | VG        |    200000 | PA      | $200200.00    | 0.02%             | 2029-09-09      | Fixed         | 6.80%                 | No            |                  2 | On Loan: No      |
| OUTFRONT MEDIA CAPITAL LLC                           | OUTFRONT MEDIA CAPITAL LLC 2025 TERM LOAN B                                      | CUSIP: 000000000<br>LEI: 5493005WC7J0FDMW0610 | Long             | LON              | CORP              | US        |     98000 | PA      | $97939.24     | 0.01%             | 2032-09-24      | Floating      | 6.16%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS SA                                       | RRP BANK OF AME                                                                  | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | Short            | RA               | CORP              | US        |  -8852375 | PA      | $-8852375.00  | -0.83%            |  |  |  | No            |                  2 | On Loan: No      |
| AAR ESCROW ISSUER LLC                                | AAR Escrow Issuer LLC                                                            | CUSIP: 00253PAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    350000 | PA      | $360298.62    | 0.03%             | 2029-03-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ANYWHERE RE GRP/REALOGY                              | Anywhere Real Estate Group LLC / Realogy Co-Issuer Corp                          | CUSIP: 75606DAV3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    171000 | PA      | $186617.94    | 0.02%             | 2030-04-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| Elmwood CLO 26 Ltd                                   | Elmwood CLO 26 Ltd                                                               | CUSIP: 29004CAG3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1007300.10   | 0.09%             | 2037-04-18      | Floating      | 6.73%                 | No            |                  2 | On Loan: No      |
| NOMURA SECURITIES INTERNATIONAL INC                  | RRP RTX CORP 6.                                                                  | CUSIP: 000000000<br>LEI: OXTKY6Q8X53C9ILVV871 | Short            | RA               | CORP              | US        |  -1170125 | PA      | $-1170125.00  | -0.11%            |  |  |  | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                | MET TRANSPRTN AUTH NY REVENUE                                                    | CUSIP: 59259YCA5<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   9980000 | PA      | $10635991.29  | 0.99%             | 2031-11-15      | Fixed         | 6.55%                 | No            |                  2 | On Loan: No      |
| FRONTIER COMMUNICATIONS                              | Frontier Communications Holdings LLC                                             | CUSIP: 35908MAB6<br>LEI: 549300ZCZ76HYCS0H445 | Long             | DBT              | CORP              | US        |    358000 | PA      | $362211.15    | 0.03%             | 2030-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| NCL CORPORATION LTD                                  | NCL Corp Ltd                                                                     | CUSIP: 62886HBZ3<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |    900000 | PA      | $904658.19    | 0.08%             | 2033-09-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| NOMURA SECURITIES INTERNATIONAL INC                  | RRP BALL CORPOR                                                                  | CUSIP: 000000000<br>LEI: OXTKY6Q8X53C9ILVV871 | Short            | RA               | CORP              | US        |   -201532 | PA      | $-201532.50   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| MEDLINE BORROWER LP                                  | Medline Borrower LP 2025 Incremental Term Loan B                                 | CUSIP: 58503UAJ2<br>LEI: 254900QT3R363TVK6F09 | Long             | LON              | CORP              | US        |     44888 | PA      | $44859.67     | 0.00%             | 2030-10-23      | Floating      | 6.16%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                | RRP VERIZON COM                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        | -13803594 | PA      | $-13803593.75 | -1.29%            |  |  |  | No            |                  2 | On Loan: No      |
| REWORLD HOLDING CORP                                 | REWORLD HOLDING CORP 2025 1st LIEN TERM LOAN B                                   | CUSIP: 22282GAR8<br>LEI: 40XIFLS8XDQGGHGPGC04 | Long             | LON              | CORP              | US        |     52000 | PA      | $51837.76     | 0.00%             | 2031-01-15      | Floating      | 6.41%                 | No            |                  2 | On Loan: No      |
| KAISER ALUMINUM CORP                                 | Kaiser Aluminum Corp                                                             | CUSIP: 483007AJ9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1058000 | PA      | $1046152.16   | 0.10%             | 2028-03-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| UWM HOLDINGS LLC                                     | UWM Holdings LLC                                                                 | CUSIP: 903522AB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    228000 | PA      | $226914.12    | 0.02%             | 2031-03-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| SS&C Technologies Inc                                | SS&C Technologies Inc 2024 Term Loan B8                                          | CUSIP: 78466DBJ2<br>LEI: 549300KY09TR3J12JU49 | Long             | LON              | CORP              | US        |    439034 | PA      | $440008.88    | 0.04%             | 2031-05-09      | Floating      | 6.16%                 | No            |                  2 | On Loan: No      |
| NOVELIS CORP                                         | Novelis Corp                                                                     | CUSIP: 670001AH9<br>LEI: 549300G5F3W3B52WYL23 | Long             | DBT              | CORP              | US        |   1056000 | PA      | $962742.63    | 0.09%             | 2031-08-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Intrado Corporation                                  | Intrado Corporation 2023 Term Loan B                                             | CUSIP: 40147EAB5<br>LEI: 254900OSYC6XQ21DY128 | Long             | LON              | CORP              | US        |     44647 | PA      | $44637.35     | 0.00%             | 2030-01-31      | Floating      | 7.50%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO LLC                              | RRP CELANESE US                                                                  | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | Short            | RA               | CORP              | US        |   -184365 | PA      | $-184365.00   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| HUB INTERNATIONAL LTD                                | HUB International Ltd                                                            | CUSIP: 44332PAH4<br>LEI: 549300JQT6ATTUNS5E06 | Long             | DBT              | CORP              | US        |   4769000 | PA      | $4973614.52   | 0.47%             | 2030-06-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Iron Mountain Inc                                    | Iron Mountain Inc                                                                | CUSIP: 46284VAC5<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              |  | US        |    606000 | PA      | $603085.62    | 0.06%             | 2027-09-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| LUNA 1.5 SARL                                        | Luna 1.5 Sarl                                                                    | CUSIP: 000000000<br>LEI: 64884UZ60Y77J5XK5C41 | Long             | DBT              | CORP              | LU        |    140000 | PA      | $170329.51    | 0.02%             | 2032-07-01      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| SIRIUS XM RADIO LLC                                  | Sirius XM Radio LLC                                                              | CUSIP: 82967NBA5<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |    684000 | PA      | $680715.50    | 0.06%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KINETIK HOLDINGS LP                                  | Kinetik Holdings LP                                                              | CUSIP: 49461MAB6<br>LEI: 549300RD6AJIMYC0HY12 | Long             | DBT              | CORP              | US        |     83000 | PA      | $85193.03     | 0.01%             | 2028-12-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                | RRP LAM RESEARC                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |   -754688 | PA      | $-754687.50   | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| AL RAJHI SUKUK LTD                                   | Al Rajhi Sukuk Ltd                                                               | CUSIP: 000000000<br>LEI: 549300FHETHK3XGY8N60 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $200350.00    | 0.02%             | 2036-03-16      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                  | RRP ICAHN ENTER                                                                  | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |   -163485 | PA      | $-163485.00   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| KOREA EXPRESSWAY CORP                                | Korea Expressway Corp                                                            | CUSIP: 000000000<br>LEI: 988400EZO9DR1OFL5772 | Long             | DBT              | NUSS              | KR        |    200000 | PA      | $196186.00    | 0.02%             | 2026-05-17      | Fixed         | 1.13%                 | No            |                  2 | On Loan: No      |
| SHIFT4 PAYMENTS LLC/FIN                              | Shift4 Payments LLC / Shift4 Payments Finance Sub Inc                            | CUSIP: 82453AAB3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1389000 | PA      | $1436074.60   | 0.13%             | 2032-08-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| INSULET CORPORATION                                  | Insulet Corp                                                                     | CUSIP: 45784PAL5<br>LEI: 549300TZTYD2PYN92D43 | Long             | DBT              | CORP              | US        |    314000 | PA      | $326444.45    | 0.03%             | 2033-04-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                  | RRP DARLING ING                                                                  | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |   -301559 | PA      | $-301558.75   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| Bright Horizons Family Solutions LLC                 | Bright Horizons Family Solutions LLC 2025 Term Loan B                            | CUSIP: 10919RAR0<br>LEI: 254900BHOU40CFNXWQ75 | Long             | LON              | CORP              | US        |    177200 | PA      | $177755.12    | 0.02%             | 2032-08-23      | Floating      | 5.91%                 | No            |                  2 | On Loan: No      |
| Bombardier Inc                                       | Bombardier Inc                                                                   | CUSIP: 097751BT7<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |     33000 | PA      | $33144.28     | 0.00%             | 2027-04-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| Crash Champions LLC                                  | Crash Champions LLC 2024 Term Loan B                                             | CUSIP: 15870MAC0<br>LEI: 391200ZDD75EGEUJ7625 | Long             | LON              | CORP              | US        |     21045 | PA      | $19677.09     | 0.00%             | 2029-02-23      | Floating      | 8.95%                 | No            |                  2 | On Loan: No      |
| CARNIVAL PLC                                         | Carnival PLC                                                                     | CUSIP: 000000000<br>LEI: 4DR1VPDQMHD3N3QW8W95 | Long             | DBT              | CORP              | GB        |    510000 | PA      | $606138.68    | 0.06%             | 2031-07-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| MATTAMY GROUP CORP                                   | Mattamy Group Corp                                                               | CUSIP: 57701RAM4<br>LEI: 5493008TNY7A82WCXU31 | Long             | DBT              | CORP              | CA        |    427000 | PA      | $412119.86    | 0.04%             | 2030-03-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| CENTURY COMMUNITIES                                  | Century Communities Inc                                                          | CUSIP: 156504AN2<br>LEI: 5299002QMB2O7ZL1CA26 | Long             | DBT              | CORP              | US        |    222000 | PA      | $223944.55    | 0.02%             | 2033-09-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| PERMIAN RESOURC OPTG LLC                             | Permian Resources Operating LLC                                                  | CUSIP: 71424VAB6<br>LEI: 5493004CTVUMQLRPOE23 | Long             | DBT              | CORP              | US        |    781000 | PA      | $795569.56    | 0.07%             | 2033-02-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| FORTRESS INTERMEDIATE                                | Fortress Intermediate 3 Inc                                                      | CUSIP: 34966MAA0<br>LEI: 254900NLAZ3JQJW5JP75 | Long             | DBT              | CORP              | US        |    739000 | PA      | $773763.30    | 0.07%             | 2031-06-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| MGM RESORTS INTL                                     | MGM Resorts International                                                        | CUSIP: 552953CK5<br>LEI: 54930066VBP7DZEGGJ87 | Long             | DBT              | CORP              | US        |    591000 | PA      | $601518.26    | 0.06%             | 2029-09-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS SA                                       | RRP CAESARS ENT                                                                  | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | Short            | RA               | CORP              | US        |  -1473658 | PA      | $-1473657.50  | -0.14%            |  |  |  | No            |                  2 | On Loan: No      |
| Hilton Domestic Operating Company Inc                | Hilton Domestic Operating Company Inc 2023 Term Loan B4                          | CUSIP: 43289DAK9<br>LEI: 5493003EG7H0N1E4XV50 | Long             | LON              | CORP              | US        |    330311 | PA      | $330522.40    | 0.03%             | 2030-11-08      | Floating      | 5.91%                 | No            |                  2 | On Loan: No      |
| NOMURA SECURITIES INTERNATIONAL INC                  | RRP CHS/COMMUNI                                                                  | CUSIP: 000000000<br>LEI: OXTKY6Q8X53C9ILVV871 | Short            | RA               | CORP              | US        |   -844301 | PA      | $-844301.25   | -0.08%            |  |  |  | No            |                  2 | On Loan: No      |
| ALTERRA MOUNTAIN COMPANY                             | Alterra Mountain Company 2025 Term Loan B8                                       | CUSIP: 46124CAS6<br>LEI: 549300C5O4FSVNUEI843 | Long             | LON              | CORP              | US        |    161447 | PA      | $161548.60    | 0.02%             | 2030-05-31      | Floating      | 6.66%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS SA                                       | RRP T MOBILE US                                                                  | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | Short            | RA               | CORP              | US        |   -395295 | PA      | $-395295.00   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| CLEAN HARBORS INC                                    | Clean Harbors Inc                                                                | CUSIP: 184496AP2<br>LEI: 5493000SJVZVZJKHJF48 | Long             | DBT              | CORP              | US        |   1142000 | PA      | $1132509.87   | 0.11%             | 2029-07-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| COMSTOCK RESOURCES INC                               | Comstock Resources Inc                                                           | CUSIP: 205768AS3<br>LEI: I03QQGEA4SS774AURI46 | Long             | DBT              | CORP              | US        |    452000 | PA      | $451261.70    | 0.04%             | 2029-03-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Lumen Technologies Inc                               | Lumen Technologies Inc 2024 Term Loan A                                          | CUSIP: 55024EAD7<br>LEI: 8M3THTGWLTYZVE6BBY25 | Long             | LON              | CORP              | US        |     11069 | PA      | $11242.22     | 0.00%             | 2028-06-01      | Floating      | 10.16%                | No            |                  2 | On Loan: No      |
| GUOREN P&C INSURANCE                                 | Guoren Property & Casualty Insurance Co Ltd                                      | CUSIP: 000000000<br>LEI: 300300F1001211000064 | Long             | DBT              | CORP              | CN        |    200000 | PA      | $196860.00    | 0.02%             | 2026-06-01      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| UWM HOLDINGS LLC                                     | UWM Holdings LLC                                                                 | CUSIP: 903522AA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    541000 | PA      | $550350.19    | 0.05%             | 2030-02-01      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| ADT SEC CORP                                         | ADT Security Corp/The                                                            | CUSIP: 74166NAA2<br>LEI: 5493009JEEDYLVRA0J13 | Long             | DBT              | CORP              | US        |    413000 | PA      | $399968.43    | 0.04%             | 2032-07-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Altria Group Inc                                     | Altria Group Inc                                                                 | CUSIP: 02209SAH6<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | DBT              | CORP              | US        |  13392000 | PA      | $19071387.03  | 1.78%             | 2039-02-06      | Fixed         | 10.20%                | No            |                  2 | On Loan: No      |
| DERBY BUYER LLC                                      | Derby Buyer LLC 2024 Repriced Term Loan B                                        | CUSIP: 24968CAE3<br>LEI: 2549003XRO7JUBUWQX87 | Long             | LON              | CORP              | US        |    214165 | PA      | $214387.26    | 0.02%             | 2030-11-01      | Floating      | 7.18%                 | No            |                  2 | On Loan: No      |
| TALLGRASS NRG PRTNR/FIN                              | Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp                     | CUSIP: 87470LAD3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    255000 | PA      | $253702.74    | 0.02%             | 2028-01-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| USI INC/NY                                           | USI Inc/NY                                                                       | CUSIP: 90346KAB5<br>LEI: 2549006D7UF7072T7I27 | Long             | DBT              | CORP              | US        |    670000 | PA      | $702614.50    | 0.07%             | 2032-01-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| ARDAGH METAL PACKAGING                               | Ardagh Metal Packaging Finance USA LLC / Ardagh Metal Packaging Finance PLC      | CUSIP: 03969YAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    509000 | PA      | $508877.23    | 0.05%             | 2027-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BARCLAYS CAPITAL INC                                 | RRP INDONESIA (                                                                  | CUSIP: 000000000<br>LEI: AC28XWWI3WIBK2824319 | Short            | RA               | CORP              | US        |   -128482 | PA      | $-128482.08   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                        | TransDigm Inc                                                                    | CUSIP: 893647BY2<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |    876000 | PA      | $885848.81    | 0.08%             | 2033-05-31      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| SUNOCO LP                                            | SUNOCO LP                                                                        | CUSIP: 86765KAD1<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |    337000 | PA      | $343012.83    | 0.03%             | 2033-07-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Bryant Park Funding Ltd                              | Bryant Park Funding 2023-21 Ltd                                                  | CUSIP: 117650AA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1003978.90   | 0.09%             | 2036-10-18      | Floating      | 6.38%                 | No            |                  2 | On Loan: No      |
| NVIDIA CORP                                          | NVIDIA Corp                                                                      | CUSIP: 67066GAH7<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | DBT              | CORP              | US        |   2785000 | PA      | $2137209.39   | 0.20%             | 2050-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| LEARFIELD COMMUNICATIONS LLC                         | LEARFIELD COMMUNICATIONS LLC                                                     | CUSIP: 000000000<br>LEI: 549300177GK4LMS8T214 | Long             | EC               | CORP              | US        |       615 | NS      | $64575.00     | 0.01%             |  |  |  | Yes           |                  3 | On Loan: No      |
| CONSTRUCTION PARTNERS INC                            | Construction Partners Inc Term Loan B                                            | CUSIP: 21043XAH5<br>LEI: 549300MHLFL4E8JLZU44 | Long             | LON              | CORP              | US        |     42678 | PA      | $42770.96     | 0.00%             | 2031-11-03      | Floating      | 6.66%                 | No            |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYS                             | CHS/Community Health Systems Inc                                                 | CUSIP: 12543DBM1<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |    852000 | PA      | $770756.84    | 0.07%             | 2030-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| LEVEL 3 FINANCING INC                                | Level 3 Financing Inc                                                            | CUSIP: 527298CN1<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |   2404000 | PA      | $2445611.05   | 0.23%             | 2034-03-31      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| STANDARD INDUSTRI INC/NY                             | Standard Industries Inc/NY                                                       | CUSIP: 000000000<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |    114333 | PA      | $133290.68    | 0.01%             | 2026-11-21      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| ORBCOMM Inc                                          | Orbcomm Inc Term Loan B                                                          | CUSIP: 68558RAB9<br>LEI: 529900PSC8WVCY267I23 | Long             | LON              | CORP              | US        |     74980 | PA      | $67435.52     | 0.01%             | 2028-09-01      | Floating      | 8.71%                 | No            |                  2 | On Loan: No      |
| BANGKOK BANK PCL/HK                                  | Bangkok Bank PCL/Hong Kong                                                       | CUSIP: 000000000<br>LEI: 549300CCL2BKJGMYXV60 | Long             | DBT              | CORP              | TH        |    200000 | PA      | $201000.00    | 0.02%             | 2028-09-19      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| EAGLE FUNDING LUXCO SARL                             | Eagle Funding Luxco Sarl                                                         | CUSIP: 26951TAA8<br>LEI: 894500VDP08MVIZ6OA60 | Long             | DBT              | NUSS              | LU        |  11150000 | PA      | $11322825.00  | 1.06%             | 2030-08-17      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| AHP Health Partners, Inc.                            | AHP HEALTH PARTNERS INC 2025 TERM LOAN B                                         | CUSIP: 00130MAL8<br>LEI: 549300QMM8MQ6SM5KX05 | Long             | LON              | CORP              | US        |     24481 | PA      | $24519.18     | 0.00%             | 2032-09-20      | Floating      | 6.39%                 | No            |                  2 | On Loan: No      |
| MEDCO LAUREL TREE                                    | Medco Laurel Tree Pte Ltd                                                        | CUSIP: 000000000<br>LEI: 254900SX7FFGRREZD046 | Long             | DBT              | CORP              | SG        |    400000 | PA      | $403800.00    | 0.04%             | 2028-11-12      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| FERTITTA ENTERTAINMENT                               | Fertitta Entertainment LLC / Fertitta Entertainment Finance Co Inc               | CUSIP: 31556TAC3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    228000 | PA      | $213962.69    | 0.02%             | 2030-01-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| JONES DESLAURIERS INSURA                             | Jones Deslauriers Insurance Management Inc                                       | CUSIP: 48020RAE5<br>LEI: 549300JQIWNFU00E5424 | Long             | DBT              | CORP              | CA        |    456000 | PA      | $453609.69    | 0.04%             | 2033-10-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| TRANSOCEAN INC                                       | Transocean International Ltd                                                     | CUSIP: 893830BZ1<br>LEI: DOL4HJ22ADYSIWES4H94 | Long             | DBT              | CORP              | BM        |    203000 | PA      | $198946.23    | 0.02%             | 2031-05-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| CARVANA CO                                           | Carvana Co                                                                       | CUSIP: 146869AM4<br>LEI: 5493003WEAK2PJ5WS063 | Long             | DBT              | CORP              | US        |   1998625 | PA      | $2262899.19   | 0.21%             | 2031-06-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Star Parent Inc                                      | Star Parent Inc Term Loan B                                                      | CUSIP: 87169DAB1<br>LEI: 254900GRGCJYRMDRWT73 | Long             | LON              | CORP              | US        |    111692 | PA      | $111645.49    | 0.01%             | 2030-09-27      | Floating      | 8.00%                 | No            |                  2 | On Loan: No      |
| CROWN AMERICAS LLC                                   | Crown Americas LLC                                                               | CUSIP: 228180AC9<br>LEI: RPPGGRL1J75WGF2DFO04 | Long             | DBT              | CORP              | US        |    753000 | PA      | $760613.72    | 0.07%             | 2033-06-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| BWX TECHNOLOGIES INC                                 | BWX Technologies Inc                                                             | CUSIP: 05605HAB6<br>LEI: 549300NP85N265KWMS58 | Long             | DBT              | CORP              | US        |     70000 | PA      | $68328.30     | 0.01%             | 2028-06-30      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| VOYAGER PARENT LLC                                   | Voyager Parent LLC Term Loan B                                                   | CUSIP: 92921HAC9<br>LEI: 2549002DYVI4ACSV4V71 | Long             | LON              | CORP              | US        |    160000 | PA      | $160219.20    | 0.01%             | 2032-07-01      | Floating      | 8.75%                 | No            |                  2 | On Loan: No      |
| BANGKOK BANK PCL/HK                                  | Bangkok Bank PCL/Hong Kong                                                       | CUSIP: 000000000<br>LEI: 549300CCL2BKJGMYXV60 | Long             | DBT              | CORP              | TH        |    200000 | PA      | $189573.00    | 0.02%             | 2034-09-25      | Fixed         | 3.73%                 | No            |                  2 | On Loan: No      |
| Benefit Street Partners CLO Ltd                      | Benefit Street Partners CLO XXIX                                                 | CUSIP: 08186EAL2<br>LEI: 549300DICNUWMUKL3816 | Long             | ABS-CBDO         | CORP              | JE        |   1000000 | PA      | $1000536.10   | 0.09%             | 2038-01-25      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| New Mountain CLO Ltd                                 | New Mountain CLO 7 Ltd                                                           | CUSIP: 64754YAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1500000 | PA      | $1501480.50   | 0.14%             | 2038-03-31      | Floating      | 5.48%                 | No            |                  2 | On Loan: No      |
| CIVITAS RESOURCES INC                                | Civitas Resources Inc                                                            | CUSIP: 17888HAA1<br>LEI: IIVIHPH28S64K95M2381 | Long             | DBT              | CORP              | US        |    187000 | PA      | $193834.66    | 0.02%             | 2028-07-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| JP MORGAN SECURITIES LLC                             | RRP SURGERY CEN                                                                  | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | Short            | RA               | CORP              | US        |   -715358 | PA      | $-715357.50   | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| Jones DesLauriers Insurance Management Inc.          | Jones DesLauriers Insurance Management Inc 2025 Term Loan B                      | CUSIP: 000000000<br>LEI: 549300JQIWNFU00E5424 | Long             | LON              | CORP              | CA        |    141220 | PA      | $140469.77    | 0.01%             | 2030-03-15      | Floating      | 7.06%                 | No            |                  2 | On Loan: No      |
| VAIL RESORTS INC                                     | Vail Resorts Inc                                                                 | CUSIP: 91879QAQ2<br>LEI: 529900PSZHRNU9HKH870 | Long             | DBT              | CORP              | US        |    265000 | PA      | $266656.25    | 0.02%             | 2030-07-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| Carval CLO LTD                                       | CarVal CLO I Ltd                                                                 | CUSIP: 146865AG5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $502436.90    | 0.05%             | 2031-07-16      | Floating      | 7.47%                 | No            |                  2 | On Loan: No      |
| Invesco Senior Loan ETF                              | Invesco Senior Loan ETF                                                          | CUSIP: 46138G508<br>LEI: 549300SIHU6DQELRNG59 | Long             | EC               | RF                | US        |    170000 | NS      | $3558100.00   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| TD SECURITIES USA LLC                                | RRP PACIFIC GAS                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |  -1683412 | PA      | $-1683412.50  | -0.16%            |  |  |  | No            |                  2 | On Loan: No      |
| COLOSSUS ACQUIRECO LLC                               | Colossus Acquireco LLC Term Loan B                                               | CUSIP: 19682LAB4<br>LEI: 2549009FT92RXWA46910 | Long             | LON              | CORP              | US        |    216000 | PA      | $214615.44    | 0.02%             | 2032-07-30      | Floating      | 5.87%                 | No            |                  2 | On Loan: No      |
| BLOCK INC                                            | Block Inc                                                                        | CUSIP: 852234AT0<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |    443000 | PA      | $448837.85    | 0.04%             | 2030-08-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| HILCORP ENERGY I LP                                  | Hilcorp Energy I LP Term Loan B                                                  | CUSIP: 431319AH5<br>LEI: 549300ITPIHLG0LHEC09 | Long             | LON              | CORP              | US        |    112435 | PA      | $112435.00    | 0.01%             | 2030-02-11      | Floating      | 6.15%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                | RRP ENERGY TRAN                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |  -3297154 | PA      | $-3297153.75  | -0.31%            |  |  |  | No            |                  2 | On Loan: No      |
| AGL CLO Ltd.                                         | AGL CLO 34 LTD                                                                   | CUSIP: 00121JAA0<br>LEI: 254900KKYZC78Z944L27 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1003132.90   | 0.09%             | 2038-01-22      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                | RRP BAXALTA INC                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |  -5227500 | PA      | $-5227500.00  | -0.49%            |  |  |  | No            |                  2 | On Loan: No      |
| Indonesia Government International Bonds             | Indonesia Government International Bonds                                         | CUSIP: 000000000<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        |    200000 | PA      | $200650.00    | 0.02%             | 2042-01-17      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Ryan LLC                                             | Ryan LLC Term Loan                                                               | CUSIP: 78350LAZ8<br>LEI: 549300TG86D8HZC6TE67 | Long             | LON              | CORP              | US        |     10835 | PA      | $10848.54     | 0.00%             | 2030-11-14      | Floating      | 7.66%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                               | CCO Holdings LLC / CCO Holdings Capital Corp                                     | CUSIP: 1248EPCQ4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     40000 | PA      | $36990.47     | 0.00%             | 2032-02-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                                 | OneMain Finance Corp                                                             | CUSIP: 682691AJ9<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    423000 | PA      | $430834.38    | 0.04%             | 2032-03-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Modena Buyer LLC                                     | Modena Buyer LLC Term Loan                                                       | CUSIP: 60753DAC8<br>LEI: 254900B0G2IU0VBDOY26 | Long             | LON              | CORP              | US        |     74350 | PA      | $73341.50     | 0.01%             | 2031-07-01      | Floating      | 8.81%                 | No            |                  2 | On Loan: No      |
| GEN DIGITAL INC                                      | Gen Digital Inc 2024 Term Loan B                                                 | CUSIP: 66877AAF5<br>LEI: YF6ZV0M6AU4FY94MK914 | Long             | LON              | CORP              | US        |    441626 | PA      | $440248.03    | 0.04%             | 2029-09-12      | Floating      | 5.91%                 | No            |                  2 | On Loan: No      |
| Whitebox CLO Ltd                                     | Whitebox Clo II Ltd                                                              | CUSIP: 96466CAW8<br>LEI: 549300C89ZJ5IWOT1F21 | Long             | ABS-CBDO         | CORP              | KY        |   1500000 | PA      | $1503937.50   | 0.14%             | 2037-10-24      | Floating      | 5.70%                 | No            |                  2 | On Loan: No      |
| BARCLAYS CAPITAL INC                                 | RRP ANHEUSER BU                                                                  | CUSIP: 000000000<br>LEI: AC28XWWI3WIBK2824319 | Short            | RA               | CORP              | US        |  -5075226 | PA      | $-5075226.24  | -0.47%            |  |  |  | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                                 | OneMain Finance Corp                                                             | CUSIP: 85172FAR0<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |   1224000 | PA      | $1210123.14   | 0.11%             | 2029-11-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| HOWDEN UK REFINANCE / US                             | Howden UK Refinance PLC / Howden UK Refinance 2 PLC / Howden US Refinance LLC    | CUSIP: 44287GAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |   2166000 | PA      | $2230050.79   | 0.21%             | 2031-02-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Enbridge Inc                                         | Enbridge Inc                                                                     | CUSIP: 29250NAN5<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |   5880000 | PA      | $5896475.76   | 0.55%             | 2077-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| NCL CORPORATION LTD                                  | NCL Corp Ltd                                                                     | CUSIP: 62886HBR1<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |    583000 | PA      | $599575.62    | 0.06%             | 2032-02-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| IRON MOUNTAIN INC                                    | Iron Mountain Inc                                                                | CUSIP: 46284VAQ4<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              |  | US        |    633000 | PA      | $645669.50    | 0.06%             | 2033-01-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| ALLIANT HOLD / CO-ISSUER                             | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer                   | CUSIP: 01883LAB9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     26000 | PA      | $25568.32     | 0.00%             | 2027-10-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| LCM INVESTMENTS HOLDINGS                             | LCM Investments Holdings II LLC                                                  | CUSIP: 50190EAA2<br>LEI: 549300P5V78NNQTG4428 | Long             | DBT              | CORP              | US        |    486000 | PA      | $476159.80    | 0.04%             | 2029-05-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| MATCH GROUP HLD II LLC                               | Match Group Holdings II LLC                                                      | CUSIP: 57667JAA0<br>LEI: 5493003RFFE030RC9167 | Long             | DBT              | CORP              | US        |    279000 | PA      | $252864.31    | 0.02%             | 2031-10-01      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| Clydesdale Acquisition Holdings Inc                  | Clydesdale Acquisition Holdings Inc 2025 Term Loan B                             | CUSIP: 18972FAE2<br>LEI: 254900QKSDYFR3K5YD98 | Long             | LON              | CORP              | US        |    236694 | PA      | $236265.18    | 0.02%             | 2032-04-01      | Floating      | 7.41%                 | No            |                  2 | On Loan: No      |
| AIMBRIDGE ACQUISITION CO INC                         | Aimbridge Acquisition Co Inc 2025 First Out Term Loan                            | CUSIP: 00900YAG1<br>LEI: 549300SPGKLVE9WYCQ20 | Long             | LON              | CORP              | US        |     29743 | PA      | $29618.60     | 0.00%             | 2030-03-11      | Floating      | 9.76%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                | RRP T MOBILE US                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |   -886050 | PA      | $-886050.00   | -0.08%            |  |  |  | No            |                  2 | On Loan: No      |
| MH SUB I LLC                                         | MH Sub I LLC 2024 Term Loan B4                                                   | CUSIP: 000000000<br>LEI: 2549005VFKP807SR8N49 | Long             | LON              | CORP              | US        |     78573 | PA      | $72188.98     | 0.01%             | 2031-12-31      | Floating      | 8.41%                 | No            |                  2 | On Loan: No      |
| WAYSTAR TECHNOLOGIES INC                             | WAYSTAR TECHNOLOGIES INC 2025 FUNG Add-On TERM LOAN B                            | CUSIP: 63939WAP8<br>LEI: 549300BIRBTAWWHCSZ09 | Long             | LON              | CORP              | US        |     64428 | PA      | $64400.64     | 0.01%             | 2029-10-22      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| HEALTHEQUITY INC                                     | HealthEquity Inc                                                                 | CUSIP: 42226AAA5<br>LEI: 529900LRJU1RAFQHM467 | Long             | DBT              | CORP              | US        |   1134000 | PA      | $1099554.98   | 0.10%             | 2029-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| LABL INC                                             | LABL Inc                                                                         | CUSIP: 50168QAE5<br>LEI: 5493004FUZN8R6Y3VB98 | Long             | DBT              | CORP              | US        |    771000 | PA      | $654993.80    | 0.06%             | 2028-11-01      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| Central Parent Inc                                   | Central Parent Inc 2024 Term Loan B                                              | CUSIP: 15477BAE7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    382287 | PA      | $329825.53    | 0.03%             | 2029-07-06      | Floating      | 7.25%                 | No            |                  2 | On Loan: No      |
| GRAFTECH GLOBAL ENTERPRI                             | GrafTech Global Enterprises Inc                                                  | CUSIP: 38431AAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $170500.00    | 0.02%             | 2029-12-23      | Fixed         | 9.88%                 | No            |                  2 | On Loan: No      |
| AVIENT CORP                                          | Avient Corp                                                                      | CUSIP: 05368VAB2<br>LEI: SM8L9RZYIB34LNTWO040 | Long             | DBT              | CORP              | US        |    204000 | PA      | $207166.78    | 0.02%             | 2031-11-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| ATHENAHEALTH GROUP INC                               | AthenaHealth Group Inc                                                           | CUSIP: 60337JAA4<br>LEI: 254900AA3KZN4Q7A5Z33 | Long             | DBT              | CORP              | US        |   3919000 | PA      | $3886934.62   | 0.36%             | 2030-02-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS SA                                       | RRP ORACLE CORP                                                                  | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | Short            | RA               | CORP              | US        |  -1501520 | PA      | $-1501520.00  | -0.14%            |  |  |  | No            |                  2 | On Loan: No      |
| QXO INC                                              | QXO Inc Term Loan B                                                              | CUSIP: 07368RAJ0<br>LEI: 549300HDXQWWCBOYXP31 | Long             | LON              | CORP              | US        |     62333 | PA      | $62806.44     | 0.01%             | 2032-04-30      | Floating      | 7.16%                 | No            |                  2 | On Loan: No      |
| Telenet Financing USD LLC                            | Telenet Financing USD LLC 2020 USD Term Loan AR                                  | CUSIP: 000000000<br>LEI: 213800BMPOX34U6DWN81 | Long             | LON              | CORP              | US        |     45000 | PA      | $44596.80     | 0.00%             | 2028-04-30      | Floating      | 6.28%                 | No            |                  2 | On Loan: No      |
| AVANTOR FUNDING INC                                  | Avantor Funding Inc                                                              | CUSIP: 000000000<br>LEI: 5493003VM0XB4U8YD238 | Long             | DBT              | CORP              | US        |    115385 | PA      | $135406.43    | 0.01%             | 2025-11-01      | Fixed         | 2.63%                 | No            |                  2 | On Loan: No      |
| KKR APPLE BIDCO LLC                                  | KKR Apple Bidco LLC 2025 Term Loan                                               | CUSIP: 48254EAG6<br>LEI: 2549001SCJD3WEYJFM53 | Long             | LON              | CORP              | US        |    440544 | PA      | $440385.60    | 0.04%             | 2031-09-23      | Floating      | 6.66%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS SA                                       | RRP CENTRAL PAR                                                                  | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | Short            | RA               | CORP              | US        |    -69438 | PA      | $-69437.50    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Brand Industrial Services Inc                        | Brand Industrial Services Inc 2024 Term Loan B                                   | CUSIP: 10524MAS6<br>LEI: 549300B658W2BPDQMW42 | Long             | LON              | CORP              | US        |    334217 | PA      | $302132.56    | 0.03%             | 2030-08-01      | Floating      | 8.80%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                | RRP MPLX LP 5.5                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |  -2270400 | PA      | $-2270400.00  | -0.21%            |  |  |  | No            |                  2 | On Loan: No      |
| CP ATLAS BUYER INC                                   | CP Atlas Buyer Inc                                                               | CUSIP: 12597YAC3<br>LEI: 2549006ZZ07G0NDDCR36 | Long             | DBT              | CORP              | US        |     88000 | PA      | $92162.40     | 0.01%             | 2030-07-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| SABRE GLBL INC                                       | Sabre GLBL Inc 2024 Term Loan B2                                                 | CUSIP: 78571YBL3<br>LEI: F2TJC7HPPHLHU1AQMP98 | Long             | LON              | CORP              | US        |     38904 | PA      | $36569.31     | 0.00%             | 2029-11-15      | Floating      | 10.26%                | No            |                  3 | On Loan: No      |
| AGRICULTURAL BK CHINA/NY                             | Agricultural Bank of China Ltd/New York                                          | CUSIP: 000000000<br>LEI: 549300E7TSGLCOVSY746 | Long             | DBT              | CORP              | CN        |    200000 | PA      | $198104.00    | 0.02%             | 2026-01-19      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| Proampac PG Borrower LLC                             | Proampac PG Borrower LLC 2024 Term Loan                                          | CUSIP: 74274NAL7<br>LEI: 549300ZI6LTXYFEY1578 | Long             | LON              | CORP              | US        |     25934 | PA      | $25992.53     | 0.00%             | 2028-09-15      | Floating      | 8.32%                 | No            |                  2 | On Loan: No      |
| SK INVICTUS INTERMEDIATE                             | SK Invictus Intermediate II Sarl                                                 | CUSIP: 29977LAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |   1061000 | PA      | $1038461.80   | 0.10%             | 2029-10-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                  | RRP NOVELIS COR                                                                  | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |  -1262138 | PA      | $-1262137.50  | -0.12%            |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                               | US 10YR ULTRA FUT DEC25                                                          | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |      -785 | NC      | $-1276935.95  | -0.12%            |  |  |  | No            |                  1 | On Loan: No      |
| Momentive Performance Materials Inc                  | Momentive Performance Materials Inc 2023 Term Loan                               | CUSIP: 60877JAG7<br>LEI: H2OFQI2FJX0T8IHKL414 | Long             | LON              | CORP              | US        |    186039 | PA      | $186597.26    | 0.02%             | 2028-03-29      | Floating      | 8.16%                 | No            |                  2 | On Loan: No      |
| Elmwood CLO 29 Ltd                                   | Elmwood CLO 29 Ltd                                                               | CUSIP: 289913AC9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1005035.00   | 0.09%             | 2037-04-20      | Floating      | 5.85%                 | No            |                  2 | On Loan: No      |
| ALTICE FRANCE SA                                     | Altice France SA                                                                 | CUSIP: 02156LAF8<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |    800000 | PA      | $683200.00    | 0.06%             | 2029-07-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| Grant Thornton Advisors LLC                          | Grant Thornton Advisors LLC 2025 Term Loan B                                     | CUSIP: 38821UAD2<br>LEI: 254900XS1SHU0YY3WF58 | Long             | LON              | CORP              | US        |     60971 | PA      | $60555.88     | 0.01%             | 2031-06-02      | Floating      | 6.66%                 | No            |                  2 | On Loan: No      |
| BOOST NEWCO BORROWER LLC                             | Boost Newco Borrower LLC                                                         | CUSIP: 36268NAA8<br>LEI: 254900S8RE1OL7TTCU64 | Long             | DBT              | CORP              | US        |   1170000 | PA      | $1241245.98   | 0.12%             | 2031-01-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                | RRP BAT CAPITAL                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |  -1549225 | PA      | $-1549225.00  | -0.14%            |  |  |  | No            |                  2 | On Loan: No      |
| Telefonica Emisiones SAU                             | Telefonica Emisiones SA                                                          | CUSIP: 87938WAU7<br>LEI: 549300Y5MFC4SW5Z3K71 | Long             | DBT              | CORP              | ES        |   5000000 | PA      | $4494426.50   | 0.42%             | 2047-03-08      | Fixed         | 5.21%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                   | Energy Transfer LP                                                               | CUSIP: 29273RBJ7<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |   3579000 | PA      | $3603253.95   | 0.34%             | 2045-12-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| GLOBAL PAYMENTS INC                                  | Global Payments Inc                                                              | CUSIP: 37940XAR3<br>LEI: 549300NOMHGVQBX6S778 | Long             | DBT              | CORP              | US        |   4547000 | PA      | $4461768.44   | 0.42%             | 2052-08-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| ECL ENTERTAINMENT LLC                                | ECL Entertainment LLC 2025 Term Loan B                                           | CUSIP: 26826TAM5<br>LEI: 254900UPSGHOBB360Z85 | Long             | LON              | CORP              | US        |     92753 | PA      | $92590.80     | 0.01%             | 2030-08-30      | Floating      | 7.16%                 | No            |                  2 | On Loan: No      |
| FRONERI LUX FINCO SARL                               | FRONERI LUX FINCO SARL 2025 USD TERM LOAN                                        | CUSIP: 000000000<br>LEI: 9845005YBZ75E5AA3B94 | Long             | LON              | CORP              | US        |    130000 | PA      | $129654.20    | 0.01%             | 2032-07-16      | Floating      | 6.63%                 | No            |                  2 | On Loan: No      |
| MEADE PIPELINE CO LLC                                | MEADE PIPELINE CO LLC TERM LOAN B                                                | CUSIP: 000000000<br>LEI: 254900UZE9CEDHUYSZ47 | Long             | LON              | CORP              | US        |     37000 | PA      | $36953.75     | 0.00%             | 2032-09-22      | Floating      | 6.00%                 | No            |                  2 | On Loan: No      |
| Gryphon Acquire Newco, LLC                           | GRYPHON ACQUIRE NEWCO LLC TERM LOAN B                                            | CUSIP: 40054QAB9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    105000 | PA      | $105229.95    | 0.01%             | 2032-09-13      | Floating      | 6.88%                 | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                  | RRP GENERAL MOT                                                                  | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |  -3299525 | PA      | $-3299525.00  | -0.31%            |  |  |  | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES                               | PNC Financial Services Group Inc/The                                             | CUSIP: 693475BP9<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1282626.25   | 0.12%             | 2030-03-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Post CLO LTD                                         | Post CLO 2024-1 Ltd                                                              | CUSIP: 73743EAA6<br>LEI: 5493007CUC7FI0ONIF25 | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $2007732.20   | 0.19%             | 2037-04-20      | Floating      | 5.93%                 | No            |                  2 | On Loan: No      |
| PEBBLEBROOK HOTEL/FINANC                             | Pebblebrook Hotel LP / PEB Finance Corp                                          | CUSIP: 70510LAA7<br>LEI: N/A                  | Long             | DBT              |  | US        |    159000 | PA      | $161370.53    | 0.02%             | 2029-10-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| MIZUHO FINANCIAL GROUP                               | Mizuho Financial Group Inc                                                       | CUSIP: 60687YDN6<br>LEI: 353800CI5L6DDAN5XZ33 | Long             | DBT              | CORP              | JP        |    275000 | PA      | $277044.16    | 0.03%             | 2031-07-08      | Floating      | 5.60%                 | No            |                  2 | On Loan: No      |
| LIVE NATION ENTERTAINMEN                             | Live Nation Entertainment Inc                                                    | CUSIP: 538034AR0<br>LEI: 5493007B9BM9ZXJINO78 | Long             | DBT              | CORP              | US        |    425000 | PA      | $422187.86    | 0.04%             | 2027-10-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| FAR EAST HORIZON LTD                                 | Far East Horizon Ltd                                                             | CUSIP: 000000000<br>LEI: 549300S9XRGO1ZPUHE62 | Long             | DBT              | CORP              | HK        |    290000 | PA      | $296960.00    | 0.03%             | 2027-04-16      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| GGAM FINANCE LTD                                     | GGAM Finance Ltd                                                                 | CUSIP: 36170JAE6<br>LEI: 254900X2QXEN0FVXRF65 | Long             | DBT              | CORP              | KY        |    286000 | PA      | $289932.50    | 0.03%             | 2030-03-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| PAINT INTERMEDIATE III LLC                           | Paint Intermediate III LLC 2024 Term Loan B                                      | CUSIP: 69575EAL3<br>LEI: 549300C2JJM7BNZTR054 | Long             | LON              | CORP              | US        |     69825 | PA      | $69650.44     | 0.01%             | 2031-10-09      | Floating      | 7.24%                 | No            |                  2 | On Loan: No      |
| Birch Grove CLO Ltd.                                 | Birch Grove CLO 12 Ltd                                                           | CUSIP: 09090MAA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1250000 | PA      | $1250936.25   | 0.12%             | 2038-04-22      | Floating      | 5.51%                 | No            |                  2 | On Loan: No      |
| Alliant Holdings Intermediate, LLC                   | Alliant Holdings Intermediate LLC 2025 Term Loan B                               | CUSIP: 01881UAN5<br>LEI: 5493006Q26653NF8SI73 | Long             | LON              | CORP              | US        |   1029061 | PA      | $1026076.81   | 0.10%             | 2031-09-19      | Floating      | 6.67%                 | No            |                  2 | On Loan: No      |
| WR GRACE HOLDING LLC                                 | WR Grace Holdings LLC                                                            | CUSIP: 92943GAF8<br>LEI: 549300WNOVFRGYOAEB12 | Long             | DBT              | CORP              | US        |    616000 | PA      | $609088.48    | 0.06%             | 2032-08-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| International Paper Co                               | International Paper Co                                                           | CUSIP: 460146CC5<br>LEI: 824LMFJDH41EY779Q875 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $4995666.52   | 0.47%             | 2038-06-15      | Fixed         | 8.70%                 | No            |                  2 | On Loan: No      |
| WEATHERFORD INTERNATIONA                             | Weatherford International Ltd                                                    | CUSIP: 947075AU1<br>LEI: 549300A2JKMG5PGOGF82 | Long             | DBT              | CORP              | BM        |    916000 | PA      | $936381.92    | 0.09%             | 2030-04-30      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| HSBC SECURITIES USA, INC.                            | RRP NORTHWEST F                                                                  | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | Short            | RA               | CORP              | US        |  -4227112 | PA      | $-4227112.50  | -0.40%            |  |  |  | No            |                  2 | On Loan: No      |
| ASURION LLC                                          | Asurion LLC 2025 Term Loan B13                                                   | CUSIP: 04649VBE9<br>LEI: 549300KNQVXGIOXWK278 | Long             | LON              | CORP              | US        |    418280 | PA      | $415318.60    | 0.04%             | 2030-09-19      | Floating      | 8.41%                 | No            |                  2 | On Loan: No      |
| HILTON DOMESTIC OPERATIN                             | Hilton Domestic Operating Co Inc                                                 | CUSIP: 432833AQ4<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |    324000 | PA      | $333082.04    | 0.03%             | 2032-04-01      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                         | Barclays PLC                                                                     | CUSIP: 06738EBT1<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |   1630000 | PA      | $1563710.38   | 0.15%             | 2028-03-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| MUTHOOT FINANCE LTD                                  | Muthoot Finance Ltd                                                              | CUSIP: 62828M2E0<br>LEI: 335800HAMJMBFL4RRF02 | Long             | DBT              | CORP              | IN        |    825000 | PA      | $835560.00    | 0.08%             | 2030-03-02      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Golub Capital Partners CLO, LTD                      | Golub Capital Partners CLO 41B-R Ltd                                             | CUSIP: 38178AAL7<br>LEI: 2549005QZPXI5WPU4V74 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1003745.30   | 0.09%             | 2038-07-20      | Floating      | 5.65%                 | No            |                  2 | On Loan: No      |
| FTAI AVIATION INVESTORS                              | FTAI Aviation Investors LLC                                                      | CUSIP: 34960PAE1<br>LEI: 529900E7PUVK6BC8PE80 | Long             | DBT              | CORP              | US        |    909000 | PA      | $965946.12    | 0.09%             | 2030-12-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| TURQUOISE TOPCO LTD                                  | TURQUOISE TOPCO LTD TERM LOAN B                                                  | CUSIP: 000000000<br>LEI: 254900RI25V4FBT02P38 | Long             | LON              | CORP              | US        |    103000 | PA      | $103064.89    | 0.01%             | 2032-07-31      | Floating      | 7.38%                 | No            |                  2 | On Loan: No      |
| NOMURA SECURITIES INTERNATIONAL INC                  | RRP LCM INVESTM                                                                  | CUSIP: 000000000<br>LEI: OXTKY6Q8X53C9ILVV871 | Short            | RA               | CORP              | US        |   -374996 | PA      | $-374996.25   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| Elmwood CLO 38 Ltd                                   | Elmwood CLO 38 Ltd                                                               | CUSIP: 289908AA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1001349.00   | 0.09%             | 2038-04-22      | Floating      | 5.43%                 | No            |                  2 | On Loan: No      |
| MAYA SAS/FRANCE                                      | Maya SAS/Paris France                                                            | CUSIP: 449691AG9<br>LEI: 9695009PXA7OI9NXN582 | Long             | DBT              | CORP              | FR        |    364000 | PA      | $371208.66    | 0.03%             | 2032-04-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| STONEPEAK NILE PARENT                                | Stonepeak Nile Parent LLC                                                        | CUSIP: 861932AA9<br>LEI: 254900TJV3VAFZD0GU41 | Long             | DBT              | CORP              | US        |    152000 | PA      | $160060.86    | 0.01%             | 2032-03-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| NVIDIA CORP                                          | NVIDIA Corp                                                                      | CUSIP: 67066GAJ3<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | DBT              | CORP              | US        |   1760000 | PA      | $1334653.25   | 0.12%             | 2060-04-01      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| MANITOWOC COMPANY INC                                | Manitowoc Co Inc/The                                                             | CUSIP: 563571AN8<br>LEI: 2RTSLGQ89VMY18RHX631 | Long             | DBT              | CORP              | US        |    177000 | PA      | $185710.64    | 0.02%             | 2031-10-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| INEOS QUATTRO HOLDINGS UK LTD                        | INEOS Quattro Holdings UK Ltd 2024 USD Term Loan B                               | CUSIP: 000000000<br>LEI: 213800HKSMBSJQ32CA45 | Long             | LON              | CORP              | US        |     74625 | PA      | $63929.00     | 0.01%             | 2031-10-07      | Floating      | 8.41%                 | No            |                  2 | On Loan: No      |
| QNITY ELECTRONICS INC                                | Qnity Electronics Inc                                                            | CUSIP: 74743LAA8<br>LEI: 254900RSUG4J9TFFZX53 | Long             | DBT              | CORP              | US        |    360000 | PA      | $362745.64    | 0.03%             | 2032-08-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CLEAR CHANNEL OUTDOOR HO                             | Clear Channel Outdoor Holdings Inc                                               | CUSIP: 18453HAH9<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |   1306000 | PA      | $1365513.11   | 0.13%             | 2033-03-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Netflix Inc                                          | Netflix Inc                                                                      | CUSIP: 64110LAT3<br>LEI: 549300Y7VHGU0I7CE873 | Long             | DBT              | CORP              | US        |   1698000 | PA      | $1790529.15   | 0.17%             | 2028-11-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| ARCOSA INC                                           | Arcosa Inc                                                                       | CUSIP: 039653AC4<br>LEI: 549300WFHLTCZV7D6V29 | Long             | DBT              | CORP              | US        |     76000 | PA      | $79381.47     | 0.01%             | 2032-08-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| LAMB WESTON HLD                                      | Lamb Weston Holdings Inc                                                         | CUSIP: 513272AE4<br>LEI: 5493005SMYID1D2OY946 | Long             | DBT              | CORP              | US        |    643000 | PA      | $607713.11    | 0.06%             | 2032-01-31      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Quikrete Holdings Inc                                | Quikrete Holdings Inc 2024 Term Loan B1                                          | CUSIP: 74839XAK5<br>LEI: 5493007KIN86DIZWZT22 | Long             | LON              | CORP              | US        |    177646 | PA      | $177691.95    | 0.02%             | 2029-03-19      | Floating      | 6.41%                 | No            |                  2 | On Loan: No      |
| RTX CORP                                             | RTX Corp                                                                         | CUSIP: 913017CX5<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | DBT              | CORP              | US        |   2805000 | PA      | $2479157.29   | 0.23%             | 2048-11-16      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| Columbus McKinnon Corporation                        | Columbus McKinnon Corporation 2024 Term Loan                                     | CUSIP: 19933MAQ6<br>LEI: 549300W3HQB0HO1F3G69 | Long             | LON              | CORP              | US        |     53834 | PA      | $53833.74     | 0.01%             | 2028-05-14      | Floating      | 6.50%                 | No            |                  3 | On Loan: No      |
| Dupont De Nemours Inc                                | DuPont de Nemours Inc                                                            | CUSIP: 26078JAF7<br>LEI: 5493004JF0SDFLM8GD76 | Long             | DBT              | CORP              | US        |   7500000 | PA      | $7414847.48   | 0.69%             | 2048-11-15      | Fixed         | 5.42%                 | No            |                  2 | On Loan: No      |
| NATIONSTAR MTG HLD INC                               | Nationstar Mortgage Holdings Inc                                                 | CUSIP: 63861CAD1<br>LEI: 549300DQF6YN0E43PM71 | Long             | DBT              | CORP              | US        |    113000 | PA      | $113994.40    | 0.01%             | 2030-12-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| TML HOLDINGS PTE LTD                                 | TML Holdings Pte Ltd                                                             | CUSIP: 000000000<br>LEI: 254900EBGMM47QH02V57 | Long             | DBT              | CORP              | SG        |    200000 | PA      | $198986.84    | 0.02%             | 2026-06-09      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| VALLOUREC SACA                                       | Vallourec SACA                                                                   | CUSIP: 92023RAA8<br>LEI: 969500P2Q1B47H4MCJ34 | Long             | DBT              | CORP              | FR        |    404000 | PA      | $430447.86    | 0.04%             | 2032-04-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| HSBC SECURITIES USA, INC.                            | RRP MPLX LP 5.6                                                                  | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | Short            | RA               | CORP              | US        |   -759994 | PA      | $-759993.75   | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                                    | HSBC Holdings PLC                                                                | CUSIP: 404280EZ8<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    400000 | PA      | $407841.83    | 0.04%             | 2031-05-13      | Floating      | 5.84%                 | No            |                  2 | On Loan: No      |
| Kraft Heinz Foods Co                                 | Kraft Heinz Foods Co                                                             | CUSIP: 50077LAL0<br>LEI: 5493003STKEZ2S0RNU91 | Long             | DBT              | CORP              | US        |    214000 | PA      | $212338.61    | 0.02%             | 2035-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Applied Systems Inc                                  | Applied Systems Inc 2024 1st Lien Term Loan                                      | CUSIP: 03827FBD2<br>LEI: 549300NSKGF0SY5SWQ62 | Long             | LON              | CORP              | US        |    504801 | PA      | $504941.89    | 0.05%             | 2031-02-24      | Floating      | 6.25%                 | No            |                  2 | On Loan: No      |
| SERVICE CORP INTL                                    | Service Corp International/US                                                    | CUSIP: 817565CH5<br>LEI: 549300RKVM2ME20JHZ15 | Long             | DBT              | CORP              | US        |   1280000 | PA      | $1296739.84   | 0.12%             | 2032-10-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CLOVER HOLDINGS 2 LLC                                | Clover Holdings 2 LLC Fixed Term Loan B                                          | CUSIP: 18914DAC2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    256358 | PA      | $257800.79    | 0.02%             | 2031-12-09      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Calpine Construction Finance Company LP              | Calpine Construction Finance Company LP 2023 Refinancing Term Loan B             | CUSIP: 13134NAH4<br>LEI: V0Q3DOB0FIB2XI1KWU77 | Long             | LON              | CORP              | US        |    230264 | PA      | $230236.31    | 0.02%             | 2030-07-31      | Floating      | 6.16%                 | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                  | RRP GOODYEAR TI                                                                  | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |   -153180 | PA      | $-153180.00   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                               | Venture Global LNG Inc                                                           | CUSIP: 92332YAB7<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |   1218000 | PA      | $1278863.84   | 0.12%             | 2031-06-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| H.B. Fuller Company                                  | HB Fuller Company 2025 Term Loan B                                               | CUSIP: 40409VAW4<br>LEI: JSMX3Z5FOYM8V0Q52357 | Long             | LON              | CORP              | US        |    119805 | PA      | $120179.51    | 0.01%             | 2030-02-15      | Floating      | 5.91%                 | No            |                  2 | On Loan: No      |
| WILLIAMS SCOTSMAN INC                                | Williams Scotsman Inc                                                            | CUSIP: 96950GAE2<br>LEI: 549300DAKDS8SCO1OT57 | Long             | DBT              | CORP              | US        |    269000 | PA      | $264478.03    | 0.02%             | 2028-08-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| NOVELIS CORP                                         | Novelis Corp                                                                     | CUSIP: 670001AE6<br>LEI: 549300G5F3W3B52WYL23 | Long             | DBT              | CORP              | US        |   2401000 | PA      | $2313759.67   | 0.22%             | 2030-01-30      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CHINA CINDA 2020 I MNGMN                             | China Cinda 2020 I Management Ltd                                                | CUSIP: 000000000<br>LEI: 549300ZIBIB6Z9RSNU64 | Long             | DBT              | CORP              | VG        |    200000 | PA      | $196210.00    | 0.02%             | 2027-03-18      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Covia Holdings Corporation                           | Covia Holdings Corporation 2025 Repriced Term Loan B                             | CUSIP: 22305CAF6<br>LEI: 213800IE4YGTGVTQ1806 | Long             | LON              | CORP              | US        |     55860 | PA      | $56069.48     | 0.01%             | 2032-02-26      | Floating      | 6.95%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS & ELECTRIC                               | Pacific Gas and Electric Co                                                      | CUSIP: 694308JU2<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |   2310000 | PA      | $1891585.91   | 0.18%             | 2041-06-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| CLEARWATER ANALYTICS LLC                             | Clearwater Analytics LLC 2025 Term Loan B                                        | CUSIP: 18512EAF9<br>LEI: 894500N8DN2JO5ZDRQ11 | Long             | LON              | CORP              | US        |    131000 | PA      | $131000.00    | 0.01%             | 2032-04-21      | Floating      | 6.46%                 | No            |                  2 | On Loan: No      |
| American Airlines Inc                                | American Airlines Inc 2023 1st Lien Term Loan                                    | CUSIP: 02376CBM6<br>LEI: IWUQB36BXD6OWD6X4T14 | Long             | LON              | CORP              | US        |    166320 | PA      | $165955.76    | 0.02%             | 2029-06-04      | Floating      | 6.26%                 | No            |                  2 | On Loan: No      |
| WHITE CAP BUYER LLC                                  | White Cap Buyer LLC                                                              | CUSIP: 96350RAA2<br>LEI: 254900L2N0T6GULCL366 | Long             | DBT              | CORP              | US        |   2514000 | PA      | $2506532.16   | 0.23%             | 2028-10-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS SA                                       | RRP GRAY MEDIA                                                                   | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | Short            | RA               | CORP              | US        |   -405421 | PA      | $-405421.25   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| CLEAR CHANNEL OUTDOOR HO                             | Clear Channel Outdoor Holdings Inc                                               | CUSIP: 18453HAC0<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |   1401000 | PA      | $1398452.42   | 0.13%             | 2028-04-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Advisor Group Inc                                    | Advisor Group Inc 2025 Term Loan                                                 | CUSIP: 68773JAG5<br>LEI: 549300XL60BDV6UW5C86 | Long             | LON              | CORP              | US        |    279000 | PA      | $278793.54    | 0.03%             | 2032-07-30      | Floating      | 7.16%                 | No            |                  2 | On Loan: No      |
| PAI Holdco Inc                                       | PAI Holdco Inc 2020 Term Loan B                                                  | CUSIP: 69315JAG8<br>LEI: 2549001NJ55NUV372F56 | Long             | LON              | CORP              | US        |     63994 | PA      | $53307.34     | 0.00%             | 2027-10-28      | Floating      | 8.32%                 | No            |                  2 | On Loan: No      |
| HILTON DOMESTIC OPERATIN                             | Hilton Domestic Operating Co Inc                                                 | CUSIP: 432833AS0<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |    195000 | PA      | $197603.25    | 0.02%             | 2033-09-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| YANGO JUSTICE INTL                                   | Yango Justice International Ltd                                                  | CUSIP: 000000000<br>LEI: 3003007ELD2HAYCXPT77 | Long             | DBT              | CORP              | HK        |    200000 | PA      | $250.00       | 0.00%             | 2024-04-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| HCA INC                                              | HCA Inc                                                                          | CUSIP: 404119BZ1<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |   3500000 | PA      | $3205962.41   | 0.30%             | 2049-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| RYAN SPECIALTY GROUP LLC                             | Ryan Specialty Group LLC 2024 USD Term Loan B                                    | CUSIP: 78350UAJ4<br>LEI: 549300K52N7QBO3PYY45 | Long             | LON              | CORP              | US        |    304451 | PA      | $304356.35    | 0.03%             | 2031-09-15      | Floating      | 6.16%                 | No            |                  2 | On Loan: No      |
| JANE STREET GROUP LLC                                | Jane Street Group LLC 2024 Term Loan B1                                          | CUSIP: 47077DAM2<br>LEI: 5493002N1IVX6KHGYO08 | Long             | LON              | CORP              | US        |    305348 | PA      | $302804.11    | 0.03%             | 2031-12-15      | Floating      | 6.20%                 | No            |                  2 | On Loan: No      |
| Netflix Inc                                          | Netflix Inc                                                                      | CUSIP: 64110LAU0<br>LEI: 549300Y7VHGU0I7CE873 | Long             | DBT              | CORP              | US        |   2007000 | PA      | $2100153.84   | 0.20%             | 2029-11-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                         | Broadcom Inc                                                                     | CUSIP: 11135FBD2<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |  10970000 | PA      | $11304086.41  | 1.06%             | 2030-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HANWHA FUTUREPROOF CORP                              | Hanwha Futureproof Corp                                                          | CUSIP: 000000000<br>LEI: 9884007L4WD2KH9RM154 | Long             | DBT              | CORP              | US        |    375000 | PA      | $381525.00    | 0.04%             | 2028-04-30      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CSC Holdings LLC                                     | CSC Holdings LLC 2022 Term Loan B6                                               | CUSIP: 64072UAM4<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | LON              | CORP              | US        |     57725 | PA      | $57316.86     | 0.01%             | 2028-01-18      | Floating      | 8.65%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO LLC                              | RRP XPLR INFRAS                                                                  | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | Short            | RA               | CORP              | US        |   -615950 | PA      | $-615950.00   | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| ICAHN ENTERPRISES/FIN                                | Icahn Enterprises LP / Icahn Enterprises Finance Corp                            | CUSIP: 451102BZ9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2670000 | PA      | $2624466.38   | 0.25%             | 2027-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| WESTPAC BANKING CORP                                 | Westpac Banking Corp                                                             | CUSIP: 961214FU2<br>LEI: EN5TNI6CI43VEPAMHL14 | Long             | DBT              | CORP              | AU        |    200000 | PA      | $201815.18    | 0.02%             | 2029-04-16      | Floating      | 5.13%                 | No            |                  2 | On Loan: No      |
| HILCORP ENERGY I/HILCORP                             | Hilcorp Energy I LP / Hilcorp Finance Co                                         | CUSIP: 431318AY0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     32000 | PA      | $31447.91     | 0.00%             | 2030-04-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BARCLAYS CAPITAL INC                                 | RRP BOEING CO 7                                                                  | CUSIP: 000000000<br>LEI: AC28XWWI3WIBK2824319 | Short            | RA               | CORP              | US        |  -2513500 | PA      | $-2513500.00  | -0.24%            |  |  |  | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                               | CCO Holdings LLC / CCO Holdings Capital Corp                                     | CUSIP: 1248EPCB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    131000 | PA      | $130126.44    | 0.01%             | 2029-06-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Northrop Grumman Corp                                | Northrop Grumman Corp                                                            | CUSIP: 666807BP6<br>LEI: RIMU48P07456QXSO0R61 | Long             | DBT              | CORP              | US        |   2400000 | PA      | $1955492.45   | 0.18%             | 2047-10-15      | Fixed         | 4.03%                 | No            |                  2 | On Loan: No      |
| CLEARWAY ENERGY OP LLC                               | Clearway Energy Operating LLC                                                    | CUSIP: 18539UAE5<br>LEI: 549300Z3NFMM54NWBB87 | Long             | DBT              | CORP              | US        |    255000 | PA      | $228897.87    | 0.02%             | 2032-01-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| EQT CORP                                             | EQT Corp                                                                         | CUSIP: 26884LAZ2<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | DBT              | CORP              | US        |    481000 | PA      | $498790.50    | 0.05%             | 2029-04-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Ballyrock Ltd                                        | Ballyrock CLO 2019-2 Ltd                                                         | CUSIP: 05875MAZ5<br>LEI: 254900IF22Z7SA13VI60 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1001482.40   | 0.09%             | 2036-02-20      | Floating      | 6.60%                 | No            |                  2 | On Loan: No      |
| LEVEL 3 FINANCING INC                                | Level 3 Financing Inc                                                            | CUSIP: 527298CF8<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |    148000 | PA      | $129217.84    | 0.01%             | 2030-10-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| CLOUD SOFTWARE GRP INC                               | Cloud Software Group Inc                                                         | CUSIP: 88632QAE3<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |   2494000 | PA      | $2516496.65   | 0.24%             | 2029-03-31      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS SA                                       | RRP TRANSDIGM I                                                                  | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | Short            | RA               | CORP              | US        |   -279922 | PA      | $-279922.50   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| PRIME SECSRVC BRW/FINANC                             | Prime Security Services Borrower LLC / Prime Finance Inc                         | CUSIP: 74166MAC0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      4000 | PA      | $4016.38      | 0.00%             | 2026-04-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                | RRP DEUTSCHE BA                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |  -3076625 | PA      | $-3076625.00  | -0.29%            |  |  |  | No            |                  2 | On Loan: No      |
| Pakistan Government International Bonds              | Pakistan Government International Bonds                                          | CUSIP: 000000000<br>LEI: 529900LOP29R5WKHOD86 | Long             | DBT              | NUSS              | PK        |    450000 | PA      | $447750.00    | 0.04%             | 2026-04-08      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| INGEVITY CORP                                        | Ingevity Corp                                                                    | CUSIP: 45688CAB3<br>LEI: 5493009UTFC4B5IMGF87 | Long             | DBT              | CORP              | US        |    100000 | PA      | $96082.88     | 0.01%             | 2028-11-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| STUDIO CITY FINANCE LTD                              | Studio City Finance Ltd                                                          | CUSIP: 000000000<br>LEI: 254900D6R731QAUIG324 | Long             | DBT              | CORP              | VG        |    300000 | PA      | $299700.00    | 0.03%             | 2028-01-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| PLAINS ALL AMERICAN PIPE                             | Plains All American Pipeline LP                                                  | CUSIP: 726503AE5<br>LEI: 5521FA2ITF25TVH63740 | Long             | DBT              | CORP              | US        |   2215000 | PA      | $2218320.29   | 0.21%             | 2025-10-30      | Variable      | 8.58%                 | No            |                  2 | On Loan: No      |
| STARWOOD PROPERTY TRUST                              | Starwood Property Trust Inc                                                      | CUSIP: 85571BBD6<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              |  | US        |    217000 | PA      | $224452.50    | 0.02%             | 2030-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| PTC Inc                                              | PTC Inc                                                                          | CUSIP: 69370CAC4<br>LEI: 54930050SSMU8SKDJ030 | Long             | DBT              | CORP              | US        |    365000 | PA      | $357352.70    | 0.03%             | 2028-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SABRE GLBL INC                                       | Sabre GLBL Inc 2024 Term Loan B1                                                 | CUSIP: 78571YBK5<br>LEI: F2TJC7HPPHLHU1AQMP98 | Long             | LON              | CORP              | US        |     72721 | PA      | $68357.88     | 0.01%             | 2029-11-15      | Floating      | 10.26%                | No            |                  3 | On Loan: No      |
| FANTASIA HOLDINGS GROUP                              | Fantasia Holdings Group Co Ltd                                                   | CUSIP: 000000000<br>LEI: 5493005JQNLB3I01JW62 | Long             | DBT              | CORP              | KY        |   1050000 | PA      | $21656.25     | 0.00%             | 2022-07-05      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| STEEL DYNAMICS INC                                   | Steel Dynamics Inc                                                               | CUSIP: 858119BP4<br>LEI: 549300HGGKEL4FYTTQ83 | Long             | DBT              | CORP              | US        |   1145000 | PA      | $793758.36    | 0.07%             | 2050-10-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Regatta XXIV Funding Ltd.                            | Regatta XXIV Funding Ltd                                                         | CUSIP: 75889HAN0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $2008006.80   | 0.19%             | 2038-01-20      | Floating      | 5.65%                 | No            |                  2 | On Loan: No      |
| BARCLAYS CAPITAL INC                                 | RRP ARES STRATE                                                                  | CUSIP: 000000000<br>LEI: AC28XWWI3WIBK2824319 | Short            | RA               | CORP              | US        |  -1900000 | PA      | $-1900000.00  | -0.18%            |  |  |  | No            |                  2 | On Loan: No      |
| Light and Wonder International, Inc.                 | Light and Wonder International Inc 2024 Term Loan B2                             | CUSIP: 80875AAW1<br>LEI: RLTHESQ0RNFQJWPBJN60 | Long             | LON              | CORP              | US        |    196885 | PA      | $197008.66    | 0.02%             | 2029-04-14      | Floating      | 6.39%                 | No            |                  2 | On Loan: No      |
| Madison IAQ LLC                                      | Madison IAQ LLC Term Loan                                                        | CUSIP: 55759VAB4<br>LEI: 549300IXDNBXNHUPBU73 | Long             | LON              | CORP              | US        |    442384 | PA      | $442459.14    | 0.04%             | 2028-06-21      | Floating      | 6.70%                 | No            |                  2 | On Loan: No      |
| RealPage Inc                                         | RealPage Inc 1st Lien Term Loan                                                  | CUSIP: 75605VAD4<br>LEI: 5493001RSFZX4122A604 | Long             | LON              | CORP              | US        |    227725 | PA      | $227096.83    | 0.02%             | 2028-04-24      | Floating      | 7.26%                 | No            |                  2 | On Loan: No      |
| RBC CAPITAL MARKETS LLC                              | RRP ALTRIA GROU                                                                  | CUSIP: 000000000<br>LEI: 549300LCO2FLSSVFFR64 | Short            | RA               | CORP              | US        | -18464220 | PA      | $-18464220.00 | -1.73%            |  |  |  | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                                        | Carnival Corp                                                                    | CUSIP: 143658BZ4<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |    350000 | PA      | $358660.05    | 0.03%             | 2031-06-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                             | Charter Communications Operating LLC / Charter Communications Operating Capital  | CUSIP: 161175BL7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1296500.30   | 0.12%             | 2047-05-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| BUILDERS FIRSTSOURCE INC                             | Builders FirstSource Inc                                                         | CUSIP: 12008RAT4<br>LEI: 549300W0SKP6L3H7DP63 | Long             | DBT              | CORP              | US        |    224000 | PA      | $233885.69    | 0.02%             | 2035-05-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| NOMURA SECURITIES INTERNATIONAL INC                  | RRP PPL CAPITAL                                                                  | CUSIP: 000000000<br>LEI: OXTKY6Q8X53C9ILVV871 | Short            | RA               | CORP              | US        |  -5373270 | PA      | $-5373270.00  | -0.50%            |  |  |  | No            |                  2 | On Loan: No      |
| HARVEST MIDSTREAM I LP                               | Harvest Midstream I LP                                                           | CUSIP: 417558AB9<br>LEI: 549300DW5M17KJOXCY66 | Long             | DBT              | CORP              | US        |    158000 | PA      | $161397.79    | 0.02%             | 2032-05-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Electron BidCo Inc                                   | Electron BidCo Inc 2021 Term Loan                                                | CUSIP: 28542CAC3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    307565 | PA      | $308091.00    | 0.03%             | 2028-11-01      | Floating      | 6.91%                 | No            |                  2 | On Loan: No      |
| Go Daddy Operating Company LLC                       | Go Daddy Operating Company LLC 2024 Term Loan B8                                 | CUSIP: 38017BAX4<br>LEI: 5493005GJOH8HLL11157 | Long             | LON              | CORP              | US        |    212330 | PA      | $212017.75    | 0.02%             | 2029-11-09      | Floating      | 5.91%                 | No            |                  2 | On Loan: No      |
| EXXON MOBIL CORPORATION                              | Exxon Mobil Corp                                                                 | CUSIP: 30231GBM3<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | DBT              | CORP              | US        |   3890000 | PA      | $2850113.69   | 0.27%             | 2051-04-15      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| CLYDESDALE ACQUISITION                               | Clydesdale Acquisition Holdings Inc                                              | CUSIP: 18972EAA3<br>LEI: 254900QKSDYFR3K5YD98 | Long             | DBT              | CORP              | US        |    287000 | PA      | $290269.22    | 0.03%             | 2029-04-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                                 | OneMain Finance Corp                                                             | CUSIP: 682691AA8<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    109000 | PA      | $101321.62    | 0.01%             | 2030-09-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HERC HOLDINGS INC                                    | Herc Holdings Inc                                                                | CUSIP: 42704LAF1<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |    503000 | PA      | $522479.18    | 0.05%             | 2030-06-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| WYNN RESORTS FINANCE LLC                             | Wynn Resorts Finance LLC / Wynn Resorts Capital Corp                             | CUSIP: 983133AC3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    663000 | PA      | $713617.22    | 0.07%             | 2031-02-15      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| SERVICE CORP INTL                                    | Service Corp International/US                                                    | CUSIP: 817565CE2<br>LEI: 549300RKVM2ME20JHZ15 | Long             | DBT              | CORP              | US        |    468000 | PA      | $467967.61    | 0.04%             | 2029-06-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| TICP CLO LTD                                         | TICP CLO XII Ltd                                                                 | CUSIP: 87250FAN0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1002240.00   | 0.09%             | 2034-07-15      | Floating      | 6.23%                 | No            |                  2 | On Loan: No      |
| Southern Copper Corp                                 | Southern Copper Corp                                                             | CUSIP: 84265VAJ4<br>LEI: 2549007U6NAP46Q9TU15 | Long             | DBT              | CORP              | US        |   3870000 | PA      | $4002315.30   | 0.37%             | 2045-04-23      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| ARDONAGH MIDCO 3 PLC                                 | Ardonagh Midco 3 PLC 2024 USD Term Loan B                                        | CUSIP: 000000000<br>LEI: 254900YP2E642AGM4G32 | Long             | LON              | CORP              | AU        |    301535 | PA      | $299777.05    | 0.03%             | 2031-02-15      | Floating      | 6.95%                 | No            |                  2 | On Loan: No      |
| USA COM PART/USA COM FIN                             | USA Compression Partners LP / USA Compression Finance Corp                       | CUSIP: 91740PAH1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    724000 | PA      | $726769.45    | 0.07%             | 2033-10-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS                               | Verizon Communications Inc                                                       | CUSIP: 92343VDS0<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |   6998000 | PA      | $6494523.64   | 0.61%             | 2049-04-15      | Fixed         | 5.01%                 | No            |                  2 | On Loan: No      |
| BUCKEYE PARTNERS LP                                  | Buckeye Partners LP                                                              | CUSIP: 118230AW1<br>LEI: 549300C1PQJLVEIUBK50 | Long             | DBT              | CORP              | US        |    116000 | PA      | $120483.28    | 0.01%             | 2030-02-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| FILTRATION GROUP CORPORATION                         | Filtration Group Corporation 2025 USD Term Loan                                  | CUSIP: 31732FAX4<br>LEI: 549300ZA0D9WN5ECE978 | Long             | LON              | CORP              | US        |    421775 | PA      | $423356.78    | 0.04%             | 2028-10-21      | Floating      | 6.91%                 | No            |                  2 | On Loan: No      |
| TEAM HEALTH HOLDINGS INC                             | Team Health Holdings Inc 2025 Term Loan B                                        | CUSIP: 87817JAH1<br>LEI: 549300PVTQ4UDTTMQT11 | Long             | LON              | CORP              | US        |     59850 | PA      | $59687.81     | 0.01%             | 2028-06-30      | Floating      | 8.80%                 | No            |                  2 | On Loan: No      |
| Genesys Cloud Services Holdings II LLC               | Genesys Cloud Services Holdings II LLC 2025 USD Term Loan B                      | CUSIP: 39479UAY9<br>LEI: 254900CRMBG6WX4HX396 | Long             | LON              | CORP              | US        |    735984 | PA      | $730618.85    | 0.07%             | 2032-01-30      | Floating      | 6.66%                 | No            |                  2 | On Loan: No      |
| ARAMARK SERVICES INC                                 | Aramark Services Inc 2025 Repriced Term Loan                                     | CUSIP: 03852JBB6<br>LEI: 42YMHYH0XMHJEXDUB065 | Long             | LON              | CORP              | US        |    113000 | PA      | $113000.00    | 0.01%             | 2028-04-06      | Floating      | 5.91%                 | No            |                  2 | On Loan: No      |
| CROCS INC                                            | Crocs Inc                                                                        | CUSIP: 227046AB5<br>LEI: 549300B0J6YCXD63OG72 | Long             | DBT              | CORP              | US        |    244000 | PA      | $223539.99    | 0.02%             | 2031-08-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| PIKE CORP                                            | Pike Corp                                                                        | CUSIP: 721283AB5<br>LEI: 549300P4EKEP6HK0NC58 | Long             | DBT              | CORP              | US        |    126000 | PA      | $135166.12    | 0.01%             | 2031-01-31      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| EPICOR SOFTWARE CORPORATION                          | Epicor Software Corporation 2024 Term Loan F                                     | CUSIP: 29426NAZ7<br>LEI: JGNXVGGGXR4O1L5I7S73 | Long             | LON              | CORP              | US        |    428999 | PA      | $429329.72    | 0.04%             | 2031-05-30      | Floating      | 6.66%                 | No            |                  2 | On Loan: No      |
| EMRLD BORROWER LP                                    | EMRLD Borrower LP 2024 Term Loan B                                               | CUSIP: 26872NAD1<br>LEI: 5493000GJYE7GAQCUC61 | Long             | LON              | CORP              | US        |    234253 | PA      | $233126.28    | 0.02%             | 2031-08-04      | Floating      | 6.12%                 | No            |                  2 | On Loan: No      |
| METHANEX US OPERATIONS                               | Methanex US Operations Inc                                                       | CUSIP: 59151LAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    274000 | PA      | $278786.23    | 0.03%             | 2032-03-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| CUBE INDUSTRIALS BUYER INC                           | Cube Industrials Buyer Inc 2024 Term Loan                                        | CUSIP: 22971EAB4<br>LEI: 25490058FG1NWDNJ5K52 | Long             | LON              | CORP              | US        |     37810 | PA      | $37904.53     | 0.00%             | 2031-10-17      | Floating      | 7.58%                 | No            |                  2 | On Loan: No      |
| SABRE GLBL INC                                       | Sabre GLBL Inc                                                                   | CUSIP: 78573NAJ1<br>LEI: F2TJC7HPPHLHU1AQMP98 | Long             | DBT              | CORP              | US        |    144000 | PA      | $146062.11    | 0.01%             | 2027-06-01      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS SA                                       | RRP CHART INDUS                                                                  | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | Short            | RA               | CORP              | US        |   -374000 | PA      | $-374000.00   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                  | RRP UNITED AIRL                                                                  | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |   -793048 | PA      | $-793047.51   | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                               | ISHARES RUSSELL 2000 ETF                                                         | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |      1502 | NC      | $3755.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Generate CLO Ltd.                                    | Generate CLO 9 LTD                                                               | CUSIP: 37147LAN9<br>LEI: 549300OYEZ11WGJ2SS19 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1002933.70   | 0.09%             | 2038-01-20      | Floating      | 5.68%                 | No            |                  2 | On Loan: No      |
| ARES CLO Ltd                                         | Ares LXVII CLO Ltd                                                               | CUSIP: 039939AN3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |   1000000 | PA      | $1000719.60   | 0.09%             | 2038-01-25      | Floating      | 5.51%                 | No            |                  2 | On Loan: No      |
| MAGENTA SECURITY HOLDINGS LLC                        | Magenta Security Holdings LLC 2024 Third Out Term Loan                           | CUSIP: 55909UAG4<br>LEI: 254900F51KU7HIRXTS68 | Long             | LON              | CORP              | US        |    123925 | PA      | $24682.14     | 0.00%             | 2028-07-27      | Floating      | 10.82%                | No            |                  2 | On Loan: No      |
| PPL Capital Funding Inc                              | PPL Capital Funding Inc                                                          | CUSIP: 69352PAC7<br>LEI: 549300MROK5WY0D2NU17 | Long             | DBT              | CORP              | US        |   8300000 | PA      | $8235837.27   | 0.77%             | 2067-03-30      | Variable      | 6.93%                 | No            |                  2 | On Loan: No      |
| MITSUBISHI UFJ FIN GRP                               | Mitsubishi UFJ Financial Group Inc                                               | CUSIP: 606822DD3<br>LEI: 353800V2V8PUY9TK3E06 | Long             | DBT              | CORP              | JP        |    425000 | PA      | $466010.38    | 0.04%             | 2029-01-15      | Fixed         | 8.20%                 | No            |                  2 | On Loan: No      |
| BOMBARDIER INC                                       | Bombardier Inc                                                                   | CUSIP: 097751CA7<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |    576000 | PA      | $621153.79    | 0.06%             | 2030-11-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| RR Ltd                                               | RR 21 Ltd                                                                        | CUSIP: 78110TAQ2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | BM        |   1000000 | PA      | $1003465.00   | 0.09%             | 2039-07-15      | Floating      | 5.72%                 | No            |                  2 | On Loan: No      |
| MATCH GROUP HLD II LLC                               | Match Group Holdings II LLC                                                      | CUSIP: 57667JAC6<br>LEI: 5493003RFFE030RC9167 | Long             | DBT              | CORP              | US        |    444000 | PA      | $447900.54    | 0.04%             | 2033-09-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO LLC                              | RRP VITAL ENERG                                                                  | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | Short            | RA               | CORP              | US        |   -548144 | PA      | $-548143.75   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| ARES STRATEGIC INCOME FU                             | Ares Strategic Income Fund                                                       | CUSIP: 04020EAL1<br>LEI: 549300IANZJVZPTICV54 | Long             | DBT              | CORP              | US        |   4275000 | PA      | $4308346.45   | 0.40%             | 2028-09-09      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| CNT PRNT/CDK GLO II/FIN                              | Central Parent LLC / CDK Global II LLC / CDK Financing Co Inc                    | CUSIP: 154915AA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    101000 | PA      | $89006.87     | 0.01%             | 2029-06-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| RIVERS ENTERPRISE                                    | Rivers Enterprise Borrower LLC / Rivers Enterprise Finance Corp                  | CUSIP: 76883NAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    221000 | PA      | $223946.81    | 0.02%             | 2033-02-01      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| CHOBANI LLC/FINANCE CORP                             | Chobani LLC / Chobani Finance Corp Inc                                           | CUSIP: 17027NAB8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    640000 | PA      | $632852.29    | 0.06%             | 2028-11-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| 1988 CLO Ltd.                                        | 1988 CLO 2 Ltd                                                                   | CUSIP: 653947AJ0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $2001982.00   | 0.19%             | 2038-04-15      | Floating      | 5.52%                 | No            |                  2 | On Loan: No      |
| Bryant Park Funding Ltd                              | Bryant Park Funding 2023-21 Ltd                                                  | CUSIP: 117650AL5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1000000.00   | 0.09%             | 2038-10-18      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| RYAN SPECIALTY                                       | Ryan Specialty LLC                                                               | CUSIP: 78351GAA3<br>LEI: 549300K52N7QBO3PYY45 | Long             | DBT              | CORP              | US        |    373000 | PA      | $377172.38    | 0.04%             | 2032-08-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| INEOS US Finance LLC                                 | Ineos US Finance LLC 2023 USD Term Loan B                                        | CUSIP: 000000000<br>LEI: 5493008MHJ4R367SNK31 | Long             | LON              | CORP              | US        |     70745 | PA      | $63847.72     | 0.01%             | 2030-02-18      | Floating      | 7.41%                 | No            |                  2 | On Loan: No      |
| PATTERN ENERGY OP LP/PAT                             | Pattern Energy Operations LP / Pattern Energy Operations Inc                     | CUSIP: 70339PAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    150000 | PA      | $146194.26    | 0.01%             | 2028-08-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CATURUS ENERGY LLC                                   | Caturus Energy LLC                                                               | CUSIP: 49446BAA2<br>LEI: 254900LM244SIFQ1QY31 | Long             | DBT              | CORP              | US        |    837000 | PA      | $871458.07    | 0.08%             | 2030-02-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| CHART INDUSTRIES INC                                 | Chart Industries Inc                                                             | CUSIP: 16115QAF7<br>LEI: EM7QGKC1GYOF3LSZSL80 | Long             | DBT              | CORP              | US        |    849000 | PA      | $883584.02    | 0.08%             | 2030-01-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| NOMURA HOLDINGS INC                                  | Nomura Holdings Inc                                                              | CUSIP: 65535HCC1<br>LEI: 549300B3CEAHYG7K8164 | Long             | DBT              | CORP              | JP        |    375000 | PA      | $388161.00    | 0.04%             | 2030-07-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| CLARIOS GLOBAL LP/US FIN                             | Clarios Global LP / Clarios US Finance Co                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    250000 | PA      | $299043.16    | 0.03%             | 2031-06-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| FRONTIER COMMUNICATIONS                              | Frontier Communications Holdings LLC                                             | CUSIP: 35908MAA8<br>LEI: 549300ZCZ76HYCS0H445 | Long             | DBT              | CORP              | US        |    267778 | PA      | $270595.77    | 0.03%             | 2029-11-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| CIVITAS RESOURCES INC                                | Civitas Resources Inc                                                            | CUSIP: 17888HAB9<br>LEI: IIVIHPH28S64K95M2381 | Long             | DBT              | CORP              | US        |    487000 | PA      | $498936.87    | 0.05%             | 2031-07-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| MAJORDRIVE HOLDINGS IV L                             | MajorDrive Holdings IV LLC                                                       | CUSIP: 56085RAA8<br>LEI: 25490044R1FR5N8FIT62 | Long             | DBT              | CORP              | US        |    390000 | PA      | $319594.67    | 0.03%             | 2029-06-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| STAPLES INC                                          | Staples Inc                                                                      | CUSIP: 855030AQ5<br>LEI: XQM2JINI1UL7642TU573 | Long             | DBT              | CORP              | US        |    210000 | PA      | $207641.60    | 0.02%             | 2029-09-01      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| ECHOSTAR CORP                                        | EchoStar Corp                                                                    | CUSIP: 278768AA4<br>LEI: 549300EE20907QZ9GT38 | Long             | DBT              | CORP              | US        |   2630793 | PA      | $2712216.04   | 0.25%             | 2030-11-30      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| LIFEPOINT HEALTH INC                                 | LifePoint Health Inc 2024 1st Lien Term Loan B                                   | CUSIP: 75915TAK8<br>LEI: 549300G8ZVHRTBBBSZ90 | Long             | LON              | CORP              | US        |    149336 | PA      | $148947.35    | 0.01%             | 2031-05-19      | Floating      | 8.07%                 | No            |                  2 | On Loan: No      |
| SURGERY CENTER HOLDINGS                              | Surgery Center Holdings Inc                                                      | CUSIP: 86881WAF9<br>LEI: 54930054EVI5HWPPW113 | Long             | DBT              | CORP              | US        |    956000 | PA      | $982047.18    | 0.09%             | 2032-04-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| CONCENTRA HEALTH SERVICE                             | Concentra Health Services Inc                                                    | CUSIP: 20600DAA1<br>LEI: 984500GB84105F75DE32 | Long             | DBT              | CORP              | US        |    433000 | PA      | $449619.41    | 0.04%             | 2032-07-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| RIYAD SUKUK                                          | Riyad Sukuk Ltd                                                                  | CUSIP: 000000000<br>LEI: 549300P8GI2KKEMZUH97 | Long             | DBT              | CORP              | KY        |    400000 | PA      | $407830.00    | 0.04%             | 2035-07-14      | Fixed         | 6.21%                 | No            |                  2 | On Loan: No      |
| SUNRISE FINCO I BV                                   | Sunrise FinCo I BV                                                               | CUSIP: 90320BAA7<br>LEI: 213800MNFBDEQRS6HZ22 | Long             | DBT              | CORP              | NL        |    768000 | PA      | $731635.20    | 0.07%             | 2031-07-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| WR GRACE HOLDING LLC                                 | WR Grace Holdings LLC                                                            | CUSIP: 92943GAD3<br>LEI: 549300WNOVFRGYOAEB12 | Long             | DBT              | CORP              | US        |    198000 | PA      | $196772.08    | 0.02%             | 2027-06-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| TEREX CORP                                           | Terex Corp                                                                       | CUSIP: 880779BA0<br>LEI: YAWJZJYEQ7M1SYMOS462 | Long             | DBT              | CORP              | US        |    399000 | PA      | $392937.00    | 0.04%             | 2029-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-10-29

**Name of Applicant:** BlackRock Credit Allocation Income Trust

**Signature:** Chuck Pulsfort

**Name of Signer:** Chuck Pulsfort

**Title:** Assistant Treasurer