# EDGAR Filing Document

**Accession Number:** 0000880366
**File Stem:** 0000940400-25-010376
**Filing Date:** 2025-11
**Character Count:** 192288
**Document Hash:** 7c623266fd76019c8ae92e8e67ea3d1e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-25-010376.hdr.sgml**: 20251125

**ACCESSION NUMBER**: 0000940400-25-010376

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251125

**DATE AS OF CHANGE**: 20251125

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** LEGG MASON PARTNERS INVESTMENT TRUST
- **CENTRAL INDEX KEY:** 0000880366

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-06444
- **FILM NUMBER:** 251519307

**BUSINESS ADDRESS:**
- **STREET 1:** LEGG MASON & CO., LLC
- **STREET 2:** 620 EIGHTH AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10018
- **BUSINESS PHONE:** 1-877-721-1926

**MAIL ADDRESS:**
- **STREET 1:** LEGG MASON & CO., LLC
- **STREET 2:** 620 EIGHTH AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10018

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** LEGG MASON PARTNERS EQUITY TRUST
- **DATE OF NAME CHANGE:** 20070412

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** LEGG MASON PARTNERS INVESTMENT TRUST
- **DATE OF NAME CHANGE:** 20060407

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SMITH BARNEY INVESTMENT TRUST
- **DATE OF NAME CHANGE:** 19950831

## Series and Classes Contracts Data

### BrandywineGLOBAL - CORPORATE CREDIT FUND (Series ID: S000071893)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000227488 | Class I      | BCGIX           |
| C000227489 | Class C      | BGGCX           |
| C000227490 | Class IS     | BGISX           |
| C000227491 | Class A      | BCAAX           |

## Nport-Ex

Schedule of Investments (unaudited)

September 30, 2025

 **BrandywineGLOBAL — Corporate Credit Fund**

(Percentages shown based on Fund net assets)

---

| | | | | |
|:---|:---|:---|:---|:---|
| Security | Rate | Maturity <br>Date<br>| Face <br>Amount<br>| Value |
| **Corporate Bonds & Notes — 81.5%** | **Corporate Bonds & Notes — 81.5%** | **Corporate Bonds & Notes — 81.5%** | **Corporate Bonds & Notes — 81.5%** | **Corporate Bonds & Notes — 81.5%** |
| **Communication Services — 7.0%** | **Communication Services — 7.0%** | **Communication Services — 7.0%** | **Communication Services — 7.0%** | **Communication Services — 7.0%** |
| *Diversified Telecommunication Services — 1.3%* | *Diversified Telecommunication Services — 1.3%* | *Diversified Telecommunication Services — 1.3%* | *Diversified Telecommunication Services — 1.3%* | *Diversified Telecommunication Services — 1.3%* |
| &nbsp;&nbsp;&nbsp; Altice France SA, Senior Secured Notes | &nbsp;&nbsp; 8.125% | &nbsp;&nbsp; 2/1/27 | &nbsp;&nbsp; $3550000<br>| &nbsp;&nbsp;&nbsp; $3396339<br> <sup>(a)(b)</sup><br>|
| &nbsp;&nbsp;&nbsp; Cogent Communications Group LLC/Cogent Finance Inc., Senior <br> Secured Notes | &nbsp;&nbsp; 6.500% | &nbsp;&nbsp; 7/1/32 | &nbsp;&nbsp; 28625000<br>| &nbsp;&nbsp;&nbsp; 27844554<br> <sup>(a)</sup><br>|
| *Total Diversified Telecommunication Services* | *Total Diversified Telecommunication Services* | *Total Diversified Telecommunication Services* | *Total Diversified Telecommunication Services* | &nbsp;&nbsp; *31240893* |
| *Entertainment — 1.9%* | *Entertainment — 1.9%* | *Entertainment — 1.9%* | *Entertainment — 1.9%* | *Entertainment — 1.9%* |
| &nbsp;&nbsp;&nbsp; Flutter Treasury DAC, Senior Secured Notes | &nbsp;&nbsp; 5.875% | &nbsp;&nbsp; 6/4/31 | &nbsp;&nbsp; 17906000<br>| &nbsp;&nbsp;&nbsp; 18186856<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Live Nation Entertainment Inc., Senior Secured Notes | &nbsp;&nbsp; 6.500% | &nbsp;&nbsp; 5/15/27 | &nbsp;&nbsp; 17327000<br>| &nbsp;&nbsp;&nbsp; 17501932<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Live Nation Entertainment Inc., Senior Secured Notes | &nbsp;&nbsp; 3.750% | &nbsp;&nbsp; 1/15/28 | &nbsp;&nbsp; 10493000<br>| &nbsp;&nbsp;&nbsp; 10263799<br> <sup>(a)</sup><br>|
| *Total Entertainment* | *Total Entertainment* | *Total Entertainment* | *Total Entertainment* | &nbsp;&nbsp; *45952587* |
| *Interactive Media & Services — 2.5%* | *Interactive Media & Services — 2.5%* | *Interactive Media & Services — 2.5%* | *Interactive Media & Services — 2.5%* | *Interactive Media & Services — 2.5%* |
| &nbsp;&nbsp;&nbsp; ANGI Group LLC, Senior Notes | &nbsp;&nbsp; 3.875% | &nbsp;&nbsp; 8/15/28 | &nbsp;&nbsp; 21423000<br>| &nbsp;&nbsp;&nbsp; 20153687<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; GrubHub Holdings Inc., Senior Secured Notes (6.000% Cash and <br> 7.00% PIK) | &nbsp;&nbsp; 13.000% | &nbsp;&nbsp; 7/31/30 | &nbsp;&nbsp; 24754660<br>| &nbsp;&nbsp;&nbsp; 24829908<br> <sup>(a)(c)</sup><br>|
| &nbsp;&nbsp;&nbsp; Snap Inc., Senior Notes | &nbsp;&nbsp; 6.875% | &nbsp;&nbsp; 3/15/34 | &nbsp;&nbsp; 5500000<br>| &nbsp;&nbsp;&nbsp; 5580473<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; ZipRecruiter Inc., Senior Notes | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 1/15/30 | &nbsp;&nbsp; 14689000<br>| &nbsp;&nbsp;&nbsp; 11838733<br> <sup>(a)</sup><br>|
| *Total Interactive Media & Services* | *Total Interactive Media & Services* | *Total Interactive Media & Services* | *Total Interactive Media & Services* | &nbsp;&nbsp; *62402801* |
| *Media — 1.3%* | *Media — 1.3%* | *Media — 1.3%* | *Media — 1.3%* | *Media — 1.3%* |
| &nbsp;&nbsp;&nbsp; Cable One Inc., Senior Notes | &nbsp;&nbsp; 4.000% | &nbsp;&nbsp; 11/15/30 | &nbsp;&nbsp; 8958000<br>| &nbsp;&nbsp;&nbsp; 7598448<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Charter Communications Operating LLC/Charter Communications <br> Operating Capital Corp., Senior Secured Notes | &nbsp;&nbsp; 5.750% | &nbsp;&nbsp; 4/1/48 | &nbsp;&nbsp; 12803000<br>| &nbsp;&nbsp;&nbsp; 11612567<br>|
| &nbsp;&nbsp;&nbsp; LCPR Senior Secured Financing DAC, Senior Secured Notes | &nbsp;&nbsp; 6.750% | &nbsp;&nbsp; 10/15/27 | &nbsp;&nbsp; 18329000<br>| &nbsp;&nbsp;&nbsp; 10990246<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Liberty Interactive LLC, Senior Notes | &nbsp;&nbsp; 8.500% | &nbsp;&nbsp; 7/15/29 | &nbsp;&nbsp; 11338000<br>| &nbsp;&nbsp;&nbsp; 1856597<br>|
| &nbsp;&nbsp;&nbsp; Liberty Interactive LLC, Senior Notes | &nbsp;&nbsp; 8.250% | &nbsp;&nbsp; 2/1/30 | &nbsp;&nbsp; 2916000<br>| &nbsp;&nbsp;&nbsp; 408240<br>|
| *Total Media* | *Total Media* | *Total Media* | *Total Media* | &nbsp;&nbsp; *32466098* |
| **Total Communication Services** | **Total Communication Services** | **Total Communication Services** | **Total Communication Services** | &nbsp;&nbsp; **172062379** |
| **Consumer Discretionary — 13.6%** | **Consumer Discretionary — 13.6%** | **Consumer Discretionary — 13.6%** | **Consumer Discretionary — 13.6%** | **Consumer Discretionary — 13.6%** |
| *Automobile Components — 1.4%* | *Automobile Components — 1.4%* | *Automobile Components — 1.4%* | *Automobile Components — 1.4%* | *Automobile Components — 1.4%* |
| &nbsp;&nbsp;&nbsp; Aptiv Swiss Holdings Ltd., Senior Notes | &nbsp;&nbsp; 4.150% | &nbsp;&nbsp; 5/1/52 | &nbsp;&nbsp; 1550000<br>| &nbsp;&nbsp;&nbsp; 1173170<br>|
| &nbsp;&nbsp;&nbsp; Phinia Inc., Senior Notes | &nbsp;&nbsp; 6.625% | &nbsp;&nbsp; 10/15/32 | &nbsp;&nbsp; 7540000<br>| &nbsp;&nbsp;&nbsp; 7777646<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Phinia Inc., Senior Secured Notes | &nbsp;&nbsp; 6.750% | &nbsp;&nbsp; 4/15/29 | &nbsp;&nbsp; 3236000<br>| &nbsp;&nbsp;&nbsp; 3337741<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; ZF North America Capital Inc., Senior Notes | &nbsp;&nbsp; 6.750% | &nbsp;&nbsp; 4/23/30 | &nbsp;&nbsp; 22604000<br>| &nbsp;&nbsp;&nbsp; 22075616<br> <sup>(a)</sup><br>|
| *Total Automobile Components* | *Total Automobile Components* | *Total Automobile Components* | *Total Automobile Components* | &nbsp;&nbsp; *34364173* |
| *Automobiles — 0.6%* | *Automobiles — 0.6%* | *Automobiles — 0.6%* | *Automobiles — 0.6%* | *Automobiles — 0.6%* |
| &nbsp;&nbsp;&nbsp; Ford Motor Credit Co. LLC, Senior Notes | &nbsp;&nbsp; 3.375% | &nbsp;&nbsp; 11/13/25 | &nbsp;&nbsp; 2558000<br>| &nbsp;&nbsp;&nbsp; 2553395<br>|
| &nbsp;&nbsp;&nbsp; Winnebago Industries Inc., Senior Secured Notes | &nbsp;&nbsp; 6.250% | &nbsp;&nbsp; 7/15/28 | &nbsp;&nbsp; 12848000<br>| &nbsp;&nbsp;&nbsp; 12840897<br> <sup>(a)</sup><br>|
| *Total Automobiles* | *Total Automobiles* | *Total Automobiles* | *Total Automobiles* | &nbsp;&nbsp; *15394292* |
| *Broadline Retail — 0.6%* | *Broadline Retail — 0.6%* | *Broadline Retail — 0.6%* | *Broadline Retail — 0.6%* | *Broadline Retail — 0.6%* |
| &nbsp;&nbsp;&nbsp; MercadoLibre Inc., Senior Notes | &nbsp;&nbsp; 2.375% | &nbsp;&nbsp; 1/14/26 | &nbsp;&nbsp; 2725000<br>| &nbsp;&nbsp;&nbsp; 2704520<br>|
| &nbsp;&nbsp;&nbsp; QVC Inc., Senior Secured Notes | &nbsp;&nbsp; 5.450% | &nbsp;&nbsp; 8/15/34 | &nbsp;&nbsp; 23871000<br>| &nbsp;&nbsp;&nbsp; 12744464<br>|
| *Total Broadline Retail* | *Total Broadline Retail* | *Total Broadline Retail* | *Total Broadline Retail* | &nbsp;&nbsp; *15448984* |
| *Diversified Consumer Services — 1.6%* | *Diversified Consumer Services — 1.6%* | *Diversified Consumer Services — 1.6%* | *Diversified Consumer Services — 1.6%* | *Diversified Consumer Services — 1.6%* |
| &nbsp;&nbsp;&nbsp; Adtalem Global Education Inc., Senior Secured Notes | &nbsp;&nbsp; 5.500% | &nbsp;&nbsp; 3/1/28 | &nbsp;&nbsp; 16167000<br>| &nbsp;&nbsp;&nbsp; 16127140<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Graham Holdings Co., Senior Notes | &nbsp;&nbsp; 5.750% | &nbsp;&nbsp; 6/1/26 | &nbsp;&nbsp; 22903000<br>| &nbsp;&nbsp;&nbsp; 22919777<br> <sup>(a)</sup><br>|
| *Total Diversified Consumer Services* | *Total Diversified Consumer Services* | *Total Diversified Consumer Services* | *Total Diversified Consumer Services* | &nbsp;&nbsp; *39046917* |

---

See Notes to Schedule of Investments.

------

BrandywineGLOBAL — Corporate Credit Fund 2025 Quarterly Report

------

Schedule of Investments (unaudited) (cont'd)

September 30, 2025

 **BrandywineGLOBAL — Corporate Credit Fund**

(Percentages shown based on Fund net assets)

---

| | | | | |
|:---|:---|:---|:---|:---|
| Security | Rate | Maturity<br> Date<br>| Face<br> Amount<br>| Value |
| *Hotels, Restaurants & Leisure — 5.9%* | *Hotels, Restaurants & Leisure — 5.9%* | *Hotels, Restaurants & Leisure — 5.9%* | *Hotels, Restaurants & Leisure — 5.9%* | *Hotels, Restaurants & Leisure — 5.9%* |
| &nbsp;&nbsp;&nbsp; Affinity Interactive, Senior Secured Notes | &nbsp;&nbsp; 6.875% | &nbsp;&nbsp; 12/15/27 | &nbsp;&nbsp; $31352000<br>| &nbsp;&nbsp;&nbsp; $17992129<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Allwyn Entertainment Financing UK PLC, Senior Secured Notes | &nbsp;&nbsp; 7.875% | &nbsp;&nbsp; 4/30/29 | &nbsp;&nbsp; 15542000<br>| &nbsp;&nbsp;&nbsp; 16137993<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Brightstar Lottery PLC, Senior Secured Notes | &nbsp;&nbsp; 6.250% | &nbsp;&nbsp; 1/15/27 | &nbsp;&nbsp; 12281000<br>| &nbsp;&nbsp;&nbsp; 12404596<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Lindblad Expeditions LLC, Senior Secured Notes | &nbsp;&nbsp; 7.000% | &nbsp;&nbsp; 9/15/30 | &nbsp;&nbsp; 6500000<br>| &nbsp;&nbsp;&nbsp; 6629447<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Midwest Gaming Borrower LLC/Midwest Gaming Finance Corp., <br> Senior Secured Notes | &nbsp;&nbsp; 4.875% | &nbsp;&nbsp; 5/1/29 | &nbsp;&nbsp; 5000000<br>| &nbsp;&nbsp;&nbsp; 4863852<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; NCL Corp. Ltd., Senior Notes | &nbsp;&nbsp; 5.875% | &nbsp;&nbsp; 1/15/31 | &nbsp;&nbsp; 5500000<br>| &nbsp;&nbsp;&nbsp; 5503754<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Rivers Enterprise Lender LLC/Rivers Enterprise Lender Corp., Senior <br> Secured Notes | &nbsp;&nbsp; 6.250% | &nbsp;&nbsp; 10/15/30 | &nbsp;&nbsp; 2582000<br>| &nbsp;&nbsp;&nbsp; 2606636<br> <sup>(a)(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; Royal Caribbean Cruises Ltd., Senior Notes | &nbsp;&nbsp; 4.250% | &nbsp;&nbsp; 7/1/26 | &nbsp;&nbsp; 1500000<br>| &nbsp;&nbsp;&nbsp; 1499185<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Royal Caribbean Cruises Ltd., Senior Notes | &nbsp;&nbsp; 5.500% | &nbsp;&nbsp; 8/31/26 | &nbsp;&nbsp; 2510000<br>| &nbsp;&nbsp;&nbsp; 2520802<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Station Casinos LLC, Senior Notes | &nbsp;&nbsp; 6.625% | &nbsp;&nbsp; 3/15/32 | &nbsp;&nbsp; 500000<br>| &nbsp;&nbsp;&nbsp; 513980<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Travel + Leisure Co., Senior Secured Notes | &nbsp;&nbsp; 6.625% | &nbsp;&nbsp; 7/31/26 | &nbsp;&nbsp; 20172000<br>| &nbsp;&nbsp;&nbsp; 20334687<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Viking Cruises Ltd., Senior Notes | &nbsp;&nbsp; 5.875% | &nbsp;&nbsp; 9/15/27 | &nbsp;&nbsp; 19455000<br>| &nbsp;&nbsp;&nbsp; 19475311<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Viking Cruises Ltd., Senior Notes | &nbsp;&nbsp; 7.000% | &nbsp;&nbsp; 2/15/29 | &nbsp;&nbsp; 10643000<br>| &nbsp;&nbsp;&nbsp; 10703803<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Viking Cruises Ltd., Senior Notes | &nbsp;&nbsp; 9.125% | &nbsp;&nbsp; 7/15/31 | &nbsp;&nbsp; 15303000<br>| &nbsp;&nbsp;&nbsp; 16436264<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; VOC Escrow Ltd., Senior Secured Notes | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 2/15/28 | &nbsp;&nbsp; 7190000<br>| &nbsp;&nbsp;&nbsp; 7175724<br> <sup>(a)</sup><br>|
| *Total Hotels, Restaurants & Leisure* | *Total Hotels, Restaurants & Leisure* | *Total Hotels, Restaurants & Leisure* | *Total Hotels, Restaurants & Leisure* | &nbsp;&nbsp; *144798163* |
| *Household Durables — 1.6%* | *Household Durables — 1.6%* | *Household Durables — 1.6%* | *Household Durables — 1.6%* | *Household Durables — 1.6%* |
| &nbsp;&nbsp;&nbsp; Century Communities Inc., Senior Notes | &nbsp;&nbsp; 6.750% | &nbsp;&nbsp; 6/1/27 | &nbsp;&nbsp; 5604000<br>| &nbsp;&nbsp;&nbsp; 5606009<br>|
| &nbsp;&nbsp;&nbsp; Century Communities Inc., Senior Notes | &nbsp;&nbsp; 3.875% | &nbsp;&nbsp; 8/15/29 | &nbsp;&nbsp; 267000<br>| &nbsp;&nbsp;&nbsp; 251421<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Dream Finders Homes Inc., Senior Notes | &nbsp;&nbsp; 8.250% | &nbsp;&nbsp; 8/15/28 | &nbsp;&nbsp; 15865000<br>| &nbsp;&nbsp;&nbsp; 16473582<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Dream Finders Homes Inc., Senior Notes | &nbsp;&nbsp; 6.875% | &nbsp;&nbsp; 9/15/30 | &nbsp;&nbsp; 7605000<br>| &nbsp;&nbsp;&nbsp; 7657399<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; TopBuild Corp., Senior Notes | &nbsp;&nbsp; 5.625% | &nbsp;&nbsp; 1/31/34 | &nbsp;&nbsp; 7600000<br>| &nbsp;&nbsp;&nbsp; 7577731<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Whirlpool Corp., Senior Notes | &nbsp;&nbsp; 6.125% | &nbsp;&nbsp; 6/15/30 | &nbsp;&nbsp; 2750000<br>| &nbsp;&nbsp;&nbsp; 2773986<br>|
| *Total Household Durables* | *Total Household Durables* | *Total Household Durables* | *Total Household Durables* | &nbsp;&nbsp; *40340128* |
| *Specialty Retail — 1.6%* | *Specialty Retail — 1.6%* | *Specialty Retail — 1.6%* | *Specialty Retail — 1.6%* | *Specialty Retail — 1.6%* |
| &nbsp;&nbsp;&nbsp; Arko Corp., Senior Notes | &nbsp;&nbsp; 5.125% | &nbsp;&nbsp; 11/15/29 | &nbsp;&nbsp; 18968000<br>| &nbsp;&nbsp;&nbsp; 16104289<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; EG Global Finance PLC, Senior Secured Notes | &nbsp;&nbsp; 12.000% | &nbsp;&nbsp; 11/30/28 | &nbsp;&nbsp; 14227000<br>| &nbsp;&nbsp;&nbsp; 15646798<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Gap Inc., Senior Notes | &nbsp;&nbsp; 3.875% | &nbsp;&nbsp; 10/1/31 | &nbsp;&nbsp; 7283000<br>| &nbsp;&nbsp;&nbsp; 6653834<br> <sup>(a)</sup><br>|
| *Total Specialty Retail* | *Total Specialty Retail* | *Total Specialty Retail* | *Total Specialty Retail* | &nbsp;&nbsp; *38404921* |
| *Textiles, Apparel & Luxury Goods — 0.3%* | *Textiles, Apparel & Luxury Goods — 0.3%* | *Textiles, Apparel & Luxury Goods — 0.3%* | *Textiles, Apparel & Luxury Goods — 0.3%* | *Textiles, Apparel & Luxury Goods — 0.3%* |
| &nbsp;&nbsp;&nbsp; Saks Global Enterprises LLC, Second Out Senior Secured Notes | &nbsp;&nbsp; 11.000% | &nbsp;&nbsp; 12/15/29 | &nbsp;&nbsp; 14180000<br>| &nbsp;&nbsp;&nbsp; 7373600<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Saks Global Enterprises LLC, Third Out Senior Secured Notes | &nbsp;&nbsp; 11.000% | &nbsp;&nbsp; 12/15/29 | &nbsp;&nbsp; 494250<br>| &nbsp;&nbsp;&nbsp; 180401<br> <sup>(a)</sup><br>|
| *Total Textiles, Apparel & Luxury Goods* | *Total Textiles, Apparel & Luxury Goods* | *Total Textiles, Apparel & Luxury Goods* | *Total Textiles, Apparel & Luxury Goods* | &nbsp;&nbsp; *7554001* |
| **Total Consumer Discretionary** | **Total Consumer Discretionary** | **Total Consumer Discretionary** | **Total Consumer Discretionary** | &nbsp;&nbsp; **335351579** |
| **Energy — 7.4%** | **Energy — 7.4%** | **Energy — 7.4%** | **Energy — 7.4%** | **Energy — 7.4%** |
| *Energy Equipment & Services — 0.3%* | *Energy Equipment & Services — 0.3%* | *Energy Equipment & Services — 0.3%* | *Energy Equipment & Services — 0.3%* | *Energy Equipment & Services — 0.3%* |
| &nbsp;&nbsp;&nbsp; WBI Operating LLC, Senior Notes | &nbsp;&nbsp; 6.250% | &nbsp;&nbsp; 10/15/30 | &nbsp;&nbsp; 7200000<br>| &nbsp;&nbsp;&nbsp;&nbsp; *7200000*<br> <sup>(a)(d)</sup><br>|
| *Oil, Gas & Consumable Fuels — 7.1%* | *Oil, Gas & Consumable Fuels — 7.1%* | *Oil, Gas & Consumable Fuels — 7.1%* | *Oil, Gas & Consumable Fuels — 7.1%* | *Oil, Gas & Consumable Fuels — 7.1%* |
| &nbsp;&nbsp;&nbsp; Baytex Energy Corp., Senior Notes | &nbsp;&nbsp; 7.375% | &nbsp;&nbsp; 3/15/32 | &nbsp;&nbsp; 7700000<br>| &nbsp;&nbsp;&nbsp; 7544667<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; BKV Upstream Midstream LLC, Senior Notes | &nbsp;&nbsp; 7.500% | &nbsp;&nbsp; 10/15/30 | &nbsp;&nbsp; 4595000<br>| &nbsp;&nbsp;&nbsp; 4595188<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Chord Energy Corp., Senior Notes | &nbsp;&nbsp; 6.000% | &nbsp;&nbsp; 10/1/30 | &nbsp;&nbsp; 5000000<br>| &nbsp;&nbsp;&nbsp; 4968311<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Coronado Finance Pty Ltd., Senior Secured Notes | &nbsp;&nbsp; 9.250% | &nbsp;&nbsp; 10/1/29 | &nbsp;&nbsp; 9455000<br>| &nbsp;&nbsp;&nbsp; 8332227<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Ecopetrol SA, Senior Notes | &nbsp;&nbsp; 5.875% | &nbsp;&nbsp; 5/28/45 | &nbsp;&nbsp; 14115000<br>| &nbsp;&nbsp;&nbsp; 10805922<br>|
| &nbsp;&nbsp;&nbsp; Energean Israel Finance Ltd., Senior Secured Notes | &nbsp;&nbsp; 5.375% | &nbsp;&nbsp; 3/30/28 | &nbsp;&nbsp; 8585000<br>| &nbsp;&nbsp;&nbsp; 8446191<br> <sup>(e)</sup><br>|

---

See Notes to Schedule of Investments.

------

BrandywineGLOBAL — Corporate Credit Fund 2025 Quarterly Report

------

 **BrandywineGLOBAL — Corporate Credit Fund**

(Percentages shown based on Fund net assets)

---

| | | | | |
|:---|:---|:---|:---|:---|
| Security | Rate | Maturity<br> Date<br>| Face<br> Amount<br>| Value |
| *Oil, Gas & Consumable Fuels — continued* | *Oil, Gas & Consumable Fuels — continued* | *Oil, Gas & Consumable Fuels — continued* | *Oil, Gas & Consumable Fuels — continued* | *Oil, Gas & Consumable Fuels — continued* |
| &nbsp;&nbsp;&nbsp; Genesis Energy LP/Genesis Energy Finance Corp., Senior Notes | &nbsp;&nbsp; 7.750% | &nbsp;&nbsp; 2/1/28 | &nbsp;&nbsp; $4353000<br>| &nbsp;&nbsp;&nbsp; $4386993<br>|
| &nbsp;&nbsp;&nbsp; Kraken Oil & Gas Partners LLC, Senior Notes | &nbsp;&nbsp; 7.625% | &nbsp;&nbsp; 8/15/29 | &nbsp;&nbsp; 6950000<br>| &nbsp;&nbsp;&nbsp; 6894374<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Magnolia Oil & Gas Operating LLC/Magnolia Oil & Gas Finance <br> Corp., Senior Notes | &nbsp;&nbsp; 6.875% | &nbsp;&nbsp; 12/1/32 | &nbsp;&nbsp; 1725000<br>| &nbsp;&nbsp;&nbsp; 1771523<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Occidental Petroleum Corp., Senior Notes | &nbsp;&nbsp; 6.200% | &nbsp;&nbsp; 3/15/40 | &nbsp;&nbsp; 6100000<br>| &nbsp;&nbsp;&nbsp; 6204194<br>|
| &nbsp;&nbsp;&nbsp; Occidental Petroleum Corp., Senior Notes | &nbsp;&nbsp; 4.400% | &nbsp;&nbsp; 8/15/49 | &nbsp;&nbsp; 1270000<br>| &nbsp;&nbsp;&nbsp; 945675<br>|
| &nbsp;&nbsp;&nbsp; PBF Holding Co. LLC/PBF Finance Corp., Senior Notes | &nbsp;&nbsp; 9.875% | &nbsp;&nbsp; 3/15/30 | &nbsp;&nbsp; 2000000<br>| &nbsp;&nbsp;&nbsp; 2097764<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Raizen Fuels Finance SA, Senior Notes | &nbsp;&nbsp; 6.250% | &nbsp;&nbsp; 7/8/32 | &nbsp;&nbsp; 750000<br>| &nbsp;&nbsp;&nbsp; 732938<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Raizen Fuels Finance SA, Senior Notes | &nbsp;&nbsp; 5.700% | &nbsp;&nbsp; 1/17/35 | &nbsp;&nbsp; 9400000<br>| &nbsp;&nbsp;&nbsp; 8665390<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Rockies Express Pipeline LLC, Senior Notes | &nbsp;&nbsp; 4.800% | &nbsp;&nbsp; 5/15/30 | &nbsp;&nbsp; 6142000<br>| &nbsp;&nbsp;&nbsp; 6001426<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Saturn Oil & Gas Inc., Senior Secured Notes | &nbsp;&nbsp; 9.625% | &nbsp;&nbsp; 6/15/29 | &nbsp;&nbsp; 28104000<br>| &nbsp;&nbsp;&nbsp; 29137872<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; SM Energy Co., Senior Notes | &nbsp;&nbsp; 6.750% | &nbsp;&nbsp; 9/15/26 | &nbsp;&nbsp; 5850000<br>| &nbsp;&nbsp;&nbsp; 5852302<br>|
| &nbsp;&nbsp;&nbsp; SM Energy Co., Senior Notes | &nbsp;&nbsp; 6.625% | &nbsp;&nbsp; 1/15/27 | &nbsp;&nbsp; 10242000<br>| &nbsp;&nbsp;&nbsp; 10246311<br>|
| &nbsp;&nbsp;&nbsp; SM Energy Co., Senior Notes | &nbsp;&nbsp; 6.500% | &nbsp;&nbsp; 7/15/28 | &nbsp;&nbsp; 6160000<br>| &nbsp;&nbsp;&nbsp; 6204617<br>|
| &nbsp;&nbsp;&nbsp; Strathcona Resources Ltd., Senior Notes | &nbsp;&nbsp; 6.875% | &nbsp;&nbsp; 8/1/26 | &nbsp;&nbsp; 8318000<br>| &nbsp;&nbsp;&nbsp; 8329404<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Teine Energy Ltd., Senior Notes | &nbsp;&nbsp; 6.875% | &nbsp;&nbsp; 4/15/29 | &nbsp;&nbsp; 19458000<br>| &nbsp;&nbsp;&nbsp; 19215726<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Venture Global Calcasieu Pass LLC, Senior Secured Notes | &nbsp;&nbsp; 3.875% | &nbsp;&nbsp; 8/15/29 | &nbsp;&nbsp; 9000000<br>| &nbsp;&nbsp;&nbsp; 8632625<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Wildfire Intermediate Holdings LLC, Senior Notes | &nbsp;&nbsp; 7.500% | &nbsp;&nbsp; 10/15/29 | &nbsp;&nbsp; 5500000<br>| &nbsp;&nbsp;&nbsp; 5570813<br> <sup>(a)</sup><br>|
| *Total Oil, Gas & Consumable Fuels* | *Total Oil, Gas & Consumable Fuels* | *Total Oil, Gas & Consumable Fuels* | *Total Oil, Gas & Consumable Fuels* | &nbsp;&nbsp; *175582453* |
| **Total Energy** | **Total Energy** | **Total Energy** | **Total Energy** | &nbsp;&nbsp; **182782453** |
| **Financials — 28.3%** | **Financials — 28.3%** | **Financials — 28.3%** | **Financials — 28.3%** | **Financials — 28.3%** |
| *Banks — 5.2%* | *Banks — 5.2%* | *Banks — 5.2%* | *Banks — 5.2%* | *Banks — 5.2%* |
| &nbsp;&nbsp;&nbsp; Bank of America Corp., Junior Subordinated Notes (4.375% to <br> 1/27/27 then 5 year Treasury Constant Maturity Rate + 2.760%) | &nbsp;&nbsp; 4.375% | &nbsp;&nbsp; 1/27/27 | &nbsp;&nbsp; 4500000<br>| &nbsp;&nbsp;&nbsp; 4431236<br> <sup>(f)(g)</sup><br>|
| &nbsp;&nbsp;&nbsp; Citigroup Inc., Junior Subordinated Notes (3.875% to 2/18/26 then 5 <br> year Treasury Constant Maturity Rate + 3.417%) | &nbsp;&nbsp; 3.875% | &nbsp;&nbsp; 2/18/26 | &nbsp;&nbsp; 23454000<br>| &nbsp;&nbsp;&nbsp; 23263246<br> <sup>(f)(g)</sup><br>|
| &nbsp;&nbsp;&nbsp; Citigroup Inc., Junior Subordinated Notes (4.000% to 12/10/25 then <br> 5 year Treasury Constant Maturity Rate + 3.597%) | &nbsp;&nbsp; 4.000% | &nbsp;&nbsp; 12/10/25 | &nbsp;&nbsp; 11024000<br>| &nbsp;&nbsp;&nbsp; 10994535<br> <sup>(f)(g)</sup><br>|
| &nbsp;&nbsp;&nbsp; JPMorgan Chase & Co., Junior Subordinated Notes (3.650% to <br> 6/1/26 then 5 year Treasury Constant Maturity Rate + 2.850%) | &nbsp;&nbsp; 3.650% | &nbsp;&nbsp; 6/1/26 | &nbsp;&nbsp; 13728000<br>| &nbsp;&nbsp;&nbsp; 13594218<br> <sup>(f)(g)</sup><br>|
| &nbsp;&nbsp;&nbsp; PNC Financial Services Group Inc., Junior Subordinated Notes <br> (3.400% to 9/15/26 then 5 year Treasury Constant Maturity Rate + <br> 2.595%) | &nbsp;&nbsp; 3.400% | &nbsp;&nbsp; 9/15/26 | &nbsp;&nbsp; 3335000<br>| &nbsp;&nbsp;&nbsp; 3241880<br> <sup>(f)(g)</sup><br>|
| &nbsp;&nbsp;&nbsp; Popular Inc., Senior Notes | &nbsp;&nbsp; 7.250% | &nbsp;&nbsp; 3/13/28 | &nbsp;&nbsp; 10421000<br>| &nbsp;&nbsp;&nbsp; 10895166<br>|
| &nbsp;&nbsp;&nbsp; Societe Generale SA, Senior Notes | &nbsp;&nbsp; 3.625% | &nbsp;&nbsp; 3/1/41 | &nbsp;&nbsp; 4925000<br>| &nbsp;&nbsp;&nbsp; 3690996<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Societe Generale SA, Senior Notes (4.027% to 1/21/42 then 1 year <br> Treasury Constant Maturity Rate + 1.900%) | &nbsp;&nbsp; 4.027% | &nbsp;&nbsp; 1/21/43 | &nbsp;&nbsp; 3555000<br>| &nbsp;&nbsp;&nbsp; 2767794<br> <sup>(a)(g)</sup><br>|
| &nbsp;&nbsp;&nbsp; Texas Capital Bancshares Inc., Subordinated Notes (4.000% to <br> 5/6/26 then 5 year Treasury Constant Maturity Rate + 3.150%) | &nbsp;&nbsp; 4.000% | &nbsp;&nbsp; 5/6/31 | &nbsp;&nbsp; 8250000<br>| &nbsp;&nbsp;&nbsp; 8132467<br> <sup>(g)</sup><br>|
| &nbsp;&nbsp;&nbsp; Wells Fargo & Co., Junior Subordinated Notes (3.900% to 3/15/26 <br> then 5 year Treasury Constant Maturity Rate + 3.453%) | &nbsp;&nbsp; 3.900% | &nbsp;&nbsp; 3/15/26 | &nbsp;&nbsp; 32462000<br>| &nbsp;&nbsp;&nbsp; 32185213<br> <sup>(f)(g)</sup><br>|
| &nbsp;&nbsp;&nbsp; Western Alliance Bancorp, Subordinated Notes (3.000% to 6/15/26 <br> then 3 mo. Term SOFR + 2.250%) | &nbsp;&nbsp; 3.000% | &nbsp;&nbsp; 6/15/31 | &nbsp;&nbsp; 14718000<br>| &nbsp;&nbsp;&nbsp; 14311783<br> <sup>(g)</sup><br>|
| *Total Banks* | *Total Banks* | *Total Banks* | *Total Banks* | &nbsp;&nbsp; *127508534* |
| *Capital Markets — 3.5%* | *Capital Markets — 3.5%* | *Capital Markets — 3.5%* | *Capital Markets — 3.5%* | *Capital Markets — 3.5%* |
| &nbsp;&nbsp;&nbsp; Bank of New York Mellon Corp., Junior Subordinated Notes (3.700% <br> to 3/20/26 then 5 year Treasury Constant Maturity Rate + 3.352%) | &nbsp;&nbsp; 3.700% | &nbsp;&nbsp; 3/20/26 | &nbsp;&nbsp; 1863000<br>| &nbsp;&nbsp;&nbsp; 1846603<br> <sup>(f)(g)</sup><br>|

---

See Notes to Schedule of Investments.

------

BrandywineGLOBAL — Corporate Credit Fund 2025 Quarterly Report

------

Schedule of Investments (unaudited) (cont'd)

September 30, 2025

 **BrandywineGLOBAL — Corporate Credit Fund**

(Percentages shown based on Fund net assets)

---

| | | | | |
|:---|:---|:---|:---|:---|
| Security | Rate | Maturity<br> Date<br>| Face<br> Amount<br>| Value |
| *Capital Markets — continued* | *Capital Markets — continued* | *Capital Markets — continued* | *Capital Markets — continued* | *Capital Markets — continued* |
| &nbsp;&nbsp;&nbsp; Bank of New York Mellon Corp., Junior Subordinated Notes (3.750% <br> to 12/20/26 then 5 year Treasury Constant Maturity Rate + 2.630%) | &nbsp;&nbsp; 3.750% | &nbsp;&nbsp; 12/20/26 | &nbsp;&nbsp; $10303000<br>| &nbsp;&nbsp;&nbsp; $10109596<br> <sup>(f)(g)</sup><br>|
| &nbsp;&nbsp;&nbsp; BW Real Estate Inc., Senior Notes (9.500% to 3/30/30 then 5 year <br> Treasury Constant Maturity Rate + 5.402%) | &nbsp;&nbsp; 9.500% | &nbsp;&nbsp; 3/30/30 | &nbsp;&nbsp; 5265000<br>| &nbsp;&nbsp;&nbsp; 5455009<br> <sup>(a)(f)(g)</sup><br>|
| &nbsp;&nbsp;&nbsp; Charles Schwab Corp., Junior Subordinated Notes (4.000% to 6/1/26 <br> then 5 year Treasury Constant Maturity Rate + 3.168%) | &nbsp;&nbsp; 4.000% | &nbsp;&nbsp; 6/1/26 | &nbsp;&nbsp; 12050000<br>| &nbsp;&nbsp;&nbsp; 11927765<br> <sup>(f)(g)</sup><br>|
| &nbsp;&nbsp;&nbsp; CI Financial Corp., Senior Notes | &nbsp;&nbsp; 7.500% | &nbsp;&nbsp; 5/30/29 | &nbsp;&nbsp; 10100000<br>| &nbsp;&nbsp;&nbsp; 10768235<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; CI Financial Corp., Senior Notes | &nbsp;&nbsp; 3.200% | &nbsp;&nbsp; 12/17/30 | &nbsp;&nbsp; 10328000<br>| &nbsp;&nbsp;&nbsp; 9272324<br>|
| &nbsp;&nbsp;&nbsp; Goldman Sachs Group Inc., Junior Subordinated Notes (3.800% to <br> 5/10/26 then 5 year Treasury Constant Maturity Rate + 2.969%) | &nbsp;&nbsp; 3.800% | &nbsp;&nbsp; 5/10/26 | &nbsp;&nbsp; 3825000<br>| &nbsp;&nbsp;&nbsp; 3784202<br> <sup>(f)(g)</sup><br>|
| &nbsp;&nbsp;&nbsp; Jefferies Finance LLC/JFIN Co-Issuer Corp., Senior Secured Notes | &nbsp;&nbsp; 6.625% | &nbsp;&nbsp; 10/15/31 | &nbsp;&nbsp; 16375000<br>| &nbsp;&nbsp;&nbsp; 16496973<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; UBS Group AG, Junior Subordinated Notes (3.875% to 6/2/26 then 5 <br> year Treasury Constant Maturity Rate + 3.098%) | &nbsp;&nbsp; 3.875% | &nbsp;&nbsp; 6/2/26 | &nbsp;&nbsp; 5000000<br>| &nbsp;&nbsp;&nbsp; 4938268<br> <sup>(a)(f)(g)</sup><br>|
| &nbsp;&nbsp;&nbsp; UBS Group AG, Junior Subordinated Notes (4.875% to 2/12/27 then <br> 5 year Treasury Constant Maturity Rate + 3.404%) | &nbsp;&nbsp; 4.875% | &nbsp;&nbsp; 2/12/27 | &nbsp;&nbsp; 4535000<br>| &nbsp;&nbsp;&nbsp; 4481014<br> <sup>(a)(f)(g)</sup><br>|
| &nbsp;&nbsp;&nbsp; XP Inc., Senior Notes | &nbsp;&nbsp; 6.750% | &nbsp;&nbsp; 7/2/29 | &nbsp;&nbsp; 6700000<br>| &nbsp;&nbsp;&nbsp; 6889871<br> <sup>(a)</sup><br>|
| *Total Capital Markets* | *Total Capital Markets* | *Total Capital Markets* | *Total Capital Markets* | &nbsp;&nbsp; *85969860* |
| *Consumer Finance — 7.3%* | *Consumer Finance — 7.3%* | *Consumer Finance — 7.3%* | *Consumer Finance — 7.3%* | *Consumer Finance — 7.3%* |
| &nbsp;&nbsp;&nbsp; American Express Co., Junior Subordinated Notes (3.550% to <br> 9/15/26 then 5 year Treasury Constant Maturity Rate + 2.854%) | &nbsp;&nbsp; 3.550% | &nbsp;&nbsp; 9/15/26 | &nbsp;&nbsp; 2457000<br>| &nbsp;&nbsp;&nbsp; 2412755<br> <sup>(f)(g)</sup><br>|
| &nbsp;&nbsp;&nbsp; Atlanticus Holdings Corp., Senior Notes | &nbsp;&nbsp; 9.750% | &nbsp;&nbsp; 9/1/30 | &nbsp;&nbsp; 11225000<br>| &nbsp;&nbsp;&nbsp; 11163275<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Credit Acceptance Corp., Senior Notes | &nbsp;&nbsp; 9.250% | &nbsp;&nbsp; 12/15/28 | &nbsp;&nbsp; 15849000<br>| &nbsp;&nbsp;&nbsp; 16671262<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Credit Acceptance Corp., Senior Notes | &nbsp;&nbsp; 6.625% | &nbsp;&nbsp; 3/15/30 | &nbsp;&nbsp; 700000<br>| &nbsp;&nbsp;&nbsp; 702474<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Encore Capital Group Inc., Senior Secured Notes | &nbsp;&nbsp; 9.250% | &nbsp;&nbsp; 4/1/29 | &nbsp;&nbsp; 21953000<br>| &nbsp;&nbsp;&nbsp; 23191368<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Encore Capital Group Inc., Senior Secured Notes | &nbsp;&nbsp; 8.500% | &nbsp;&nbsp; 5/15/30 | &nbsp;&nbsp; 8804000<br>| &nbsp;&nbsp;&nbsp; 9356856<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Enova International Inc., Senior Notes | &nbsp;&nbsp; 11.250% | &nbsp;&nbsp; 12/15/28 | &nbsp;&nbsp; 24905000<br>| &nbsp;&nbsp;&nbsp; 26506292<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; FirstCash Inc., Senior Notes | &nbsp;&nbsp; 4.625% | &nbsp;&nbsp; 9/1/28 | &nbsp;&nbsp; 9775000<br>| &nbsp;&nbsp;&nbsp; 9592150<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; FirstCash Inc., Senior Notes | &nbsp;&nbsp; 5.625% | &nbsp;&nbsp; 1/1/30 | &nbsp;&nbsp; 21526000<br>| &nbsp;&nbsp;&nbsp; 21512652<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; goeasy Ltd., Senior Notes | &nbsp;&nbsp; 9.250% | &nbsp;&nbsp; 12/1/28 | &nbsp;&nbsp; 8457000<br>| &nbsp;&nbsp;&nbsp; 8832364<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; PRA Group Inc., Senior Notes | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 10/1/29 | &nbsp;&nbsp; 14262000<br>| &nbsp;&nbsp;&nbsp; 13256338<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; PROG Holdings Inc., Senior Notes | &nbsp;&nbsp; 6.000% | &nbsp;&nbsp; 11/15/29 | &nbsp;&nbsp; 36754000<br>| &nbsp;&nbsp;&nbsp; 36126058<br> <sup>(a)</sup><br>|
| *Total Consumer Finance* | *Total Consumer Finance* | *Total Consumer Finance* | *Total Consumer Finance* | &nbsp;&nbsp; *179323844* |
| *Financial Services — 8.0%* | *Financial Services — 8.0%* | *Financial Services — 8.0%* | *Financial Services — 8.0%* | *Financial Services — 8.0%* |
| &nbsp;&nbsp;&nbsp; Block Inc., Senior Notes | &nbsp;&nbsp; 5.625% | &nbsp;&nbsp; 8/15/30 | &nbsp;&nbsp; 7250000<br>| &nbsp;&nbsp;&nbsp; 7350833<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Burford Capital Global Finance LLC, Senior Notes | &nbsp;&nbsp; 6.250% | &nbsp;&nbsp; 4/15/28 | &nbsp;&nbsp; 3770000<br>| &nbsp;&nbsp;&nbsp; 3779779<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Burford Capital Global Finance LLC, Senior Notes | &nbsp;&nbsp; 6.875% | &nbsp;&nbsp; 4/15/30 | &nbsp;&nbsp; 28688000<br>| &nbsp;&nbsp;&nbsp; 28862092<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Burford Capital Global Finance LLC, Senior Notes | &nbsp;&nbsp; 7.500% | &nbsp;&nbsp; 7/15/33 | &nbsp;&nbsp; 3800000<br>| &nbsp;&nbsp;&nbsp; 3871630<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Citadel Finance LLC, Senior Notes | &nbsp;&nbsp; 5.900% | &nbsp;&nbsp; 2/10/30 | &nbsp;&nbsp; 10641000<br>| &nbsp;&nbsp;&nbsp; 10799911<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Freedom Mortgage Corp., Senior Notes | &nbsp;&nbsp; 6.625% | &nbsp;&nbsp; 1/15/27 | &nbsp;&nbsp; 9625000<br>| &nbsp;&nbsp;&nbsp; 9611756<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Freedom Mortgage Corp., Senior Notes | &nbsp;&nbsp; 12.000% | &nbsp;&nbsp; 10/1/28 | &nbsp;&nbsp; 4955000<br>| &nbsp;&nbsp;&nbsp; 5252300<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Jefferson Capital Holdings LLC, Senior Notes | &nbsp;&nbsp; 9.500% | &nbsp;&nbsp; 2/15/29 | &nbsp;&nbsp; 24952000<br>| &nbsp;&nbsp;&nbsp; 26369997<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Jefferson Capital Holdings LLC, Senior Notes | &nbsp;&nbsp; 8.250% | &nbsp;&nbsp; 5/15/30 | &nbsp;&nbsp; 6550000<br>| &nbsp;&nbsp;&nbsp; 6855852<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Nationstar Mortgage Holdings Inc., Senior Notes | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 2/1/26 | &nbsp;&nbsp; 9752000<br>| &nbsp;&nbsp;&nbsp; 9752000<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Nationstar Mortgage Holdings Inc., Senior Notes | &nbsp;&nbsp; 5.500% | &nbsp;&nbsp; 8/15/28 | &nbsp;&nbsp; 7030000<br>| &nbsp;&nbsp;&nbsp; 7030000<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; NMI Holdings Inc., Senior Notes | &nbsp;&nbsp; 6.000% | &nbsp;&nbsp; 8/15/29 | &nbsp;&nbsp; 753000<br>| &nbsp;&nbsp;&nbsp; 779197<br>|
| &nbsp;&nbsp;&nbsp; Provident Funding Associates LP/PFG Finance Corp., Senior Notes | &nbsp;&nbsp; 9.750% | &nbsp;&nbsp; 9/15/29 | &nbsp;&nbsp; 17725000<br>| &nbsp;&nbsp;&nbsp; 18743904<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; SGUS LLC, Senior Secured Notes | &nbsp;&nbsp; 11.000% | &nbsp;&nbsp; 12/15/29 | &nbsp;&nbsp; 7183250<br>| &nbsp;&nbsp;&nbsp; 6843310<br> <sup>(a)</sup><br>|

---

See Notes to Schedule of Investments.

------

BrandywineGLOBAL — Corporate Credit Fund 2025 Quarterly Report

------

 **BrandywineGLOBAL — Corporate Credit Fund**

(Percentages shown based on Fund net assets)

---

| | | | | |
|:---|:---|:---|:---|:---|
| Security | Rate | Maturity<br> Date<br>| Face<br> Amount<br>| Value |
| *Financial Services — continued* | *Financial Services — continued* | *Financial Services — continued* | *Financial Services — continued* | *Financial Services — continued* |
| &nbsp;&nbsp;&nbsp; United Wholesale Mortgage LLC, Senior Notes | &nbsp;&nbsp; 5.500% | &nbsp;&nbsp; 11/15/25 | &nbsp;&nbsp; $8287000<br>| &nbsp;&nbsp;&nbsp; $8289417<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; United Wholesale Mortgage LLC, Senior Notes | &nbsp;&nbsp; 5.750% | &nbsp;&nbsp; 6/15/27 | &nbsp;&nbsp; 8120000<br>| &nbsp;&nbsp;&nbsp; 8121839<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; United Wholesale Mortgage LLC, Senior Notes | &nbsp;&nbsp; 5.500% | &nbsp;&nbsp; 4/15/29 | &nbsp;&nbsp; 31981000<br>| &nbsp;&nbsp;&nbsp; 31567291<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; UWM Holdings LLC, Senior Notes | &nbsp;&nbsp; 6.250% | &nbsp;&nbsp; 3/15/31 | &nbsp;&nbsp; 4400000<br>| &nbsp;&nbsp;&nbsp; 4381794<br> <sup>(a)</sup><br>|
| *Total Financial Services* | *Total Financial Services* | *Total Financial Services* | *Total Financial Services* | &nbsp;&nbsp; *198262902* |
| *Insurance — 4.3%* | *Insurance — 4.3%* | *Insurance — 4.3%* | *Insurance — 4.3%* | *Insurance — 4.3%* |
| &nbsp;&nbsp;&nbsp; AmWINS Group Inc., Senior Secured Notes | &nbsp;&nbsp; 6.375% | &nbsp;&nbsp; 2/15/29 | &nbsp;&nbsp; 2185000<br>| &nbsp;&nbsp;&nbsp; 2230791<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Baldwin Insurance Group Holdings LLC/Baldwin Insurance Group <br> Holdings Finance, Senior Secured Notes | &nbsp;&nbsp; 7.125% | &nbsp;&nbsp; 5/15/31 | &nbsp;&nbsp; 11542000<br>| &nbsp;&nbsp;&nbsp; 11990695<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; First American Financial Corp., Senior Notes | &nbsp;&nbsp; 5.450% | &nbsp;&nbsp; 9/30/34 | &nbsp;&nbsp; 1000000<br>| &nbsp;&nbsp;&nbsp; 1003559<br>|
| &nbsp;&nbsp;&nbsp; Howden UK Refinance PLC/Howden UK Refinance 2 PLC/Howden US <br> Refinance LLC, Senior Notes | &nbsp;&nbsp; 8.125% | &nbsp;&nbsp; 2/15/32 | &nbsp;&nbsp; 6939000<br>| &nbsp;&nbsp;&nbsp; 7205444<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Howden UK Refinance PLC/Howden UK Refinance 2 PLC/Howden US <br> Refinance LLC, Senior Secured Notes | &nbsp;&nbsp; 7.250% | &nbsp;&nbsp; 2/15/31 | &nbsp;&nbsp; 32876000<br>| &nbsp;&nbsp;&nbsp; 33873819<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Panther Escrow Issuer LLC, Senior Secured Notes | &nbsp;&nbsp; 7.125% | &nbsp;&nbsp; 6/1/31 | &nbsp;&nbsp; 20240000<br>| &nbsp;&nbsp;&nbsp; 21066156<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Ryan Specialty LLC, Senior Secured Notes | &nbsp;&nbsp; 4.375% | &nbsp;&nbsp; 2/1/30 | &nbsp;&nbsp; 7275000<br>| &nbsp;&nbsp;&nbsp; 7057733<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Ryan Specialty LLC, Senior Secured Notes | &nbsp;&nbsp; 5.875% | &nbsp;&nbsp; 8/1/32 | &nbsp;&nbsp; 22426000<br>| &nbsp;&nbsp;&nbsp; 22693789<br> <sup>(a)</sup><br>|
| *Total Insurance* | *Total Insurance* | *Total Insurance* | *Total Insurance* | &nbsp;&nbsp; *107121986* |
| **Total Financials** | **Total Financials** | **Total Financials** | **Total Financials** | &nbsp;&nbsp; **698187126** |
| **Health Care — 5.9%** | **Health Care — 5.9%** | **Health Care — 5.9%** | **Health Care — 5.9%** | **Health Care — 5.9%** |
| *Biotechnology — 0.6%* | *Biotechnology — 0.6%* | *Biotechnology — 0.6%* | *Biotechnology — 0.6%* | *Biotechnology — 0.6%* |
| &nbsp;&nbsp;&nbsp; Fortrea Holdings Inc., Senior Secured Notes | &nbsp;&nbsp; 7.500% | &nbsp;&nbsp; 7/1/30 | &nbsp;&nbsp; 15405000<br>| &nbsp;&nbsp;&nbsp;&nbsp; *14606872*<br> <sup>(a)</sup><br>|
| *Health Care Equipment & Supplies — 0.2%* | *Health Care Equipment & Supplies — 0.2%* | *Health Care Equipment & Supplies — 0.2%* | *Health Care Equipment & Supplies — 0.2%* | *Health Care Equipment & Supplies — 0.2%* |
| &nbsp;&nbsp;&nbsp; Embecta Corp., Senior Secured Notes | &nbsp;&nbsp; 6.750% | &nbsp;&nbsp; 2/15/30 | &nbsp;&nbsp; 5563000<br>| &nbsp;&nbsp;&nbsp;&nbsp; *5428876*<br> <sup>(a)</sup><br>|
| *Health Care Providers & Services — 2.0%* | *Health Care Providers & Services — 2.0%* | *Health Care Providers & Services — 2.0%* | *Health Care Providers & Services — 2.0%* | *Health Care Providers & Services — 2.0%* |
| &nbsp;&nbsp;&nbsp; Centene Corp., Senior Notes | &nbsp;&nbsp; 2.450% | &nbsp;&nbsp; 7/15/28 | &nbsp;&nbsp; 6000000<br>| &nbsp;&nbsp;&nbsp; 5580198<br>|
| &nbsp;&nbsp;&nbsp; Centene Corp., Senior Notes | &nbsp;&nbsp; 4.625% | &nbsp;&nbsp; 12/15/29 | &nbsp;&nbsp; 3631000<br>| &nbsp;&nbsp;&nbsp; 3522909<br>|
| &nbsp;&nbsp;&nbsp; HealthEquity Inc., Senior Notes | &nbsp;&nbsp; 4.500% | &nbsp;&nbsp; 10/1/29 | &nbsp;&nbsp; 1642000<br>| &nbsp;&nbsp;&nbsp; 1594177<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Molina Healthcare Inc., Senior Notes | &nbsp;&nbsp; 4.375% | &nbsp;&nbsp; 6/15/28 | &nbsp;&nbsp; 12548000<br>| &nbsp;&nbsp;&nbsp; 12248838<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Molina Healthcare Inc., Senior Notes | &nbsp;&nbsp; 6.250% | &nbsp;&nbsp; 1/15/33 | &nbsp;&nbsp; 3850000<br>| &nbsp;&nbsp;&nbsp; 3896273<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Owens & Minor Inc., Senior Notes | &nbsp;&nbsp; 6.625% | &nbsp;&nbsp; 4/1/30 | &nbsp;&nbsp; 8955000<br>| &nbsp;&nbsp;&nbsp; 7396293<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Star Parent Inc., Senior Secured Notes | &nbsp;&nbsp; 9.000% | &nbsp;&nbsp; 10/1/30 | &nbsp;&nbsp; 13814000<br>| &nbsp;&nbsp;&nbsp; 14621332<br> <sup>(a)</sup><br>|
| *Total Health Care Providers & Services* | *Total Health Care Providers & Services* | *Total Health Care Providers & Services* | *Total Health Care Providers & Services* | &nbsp;&nbsp; *48860020* |
| *Life Sciences Tools & Services — 2.1%* | *Life Sciences Tools & Services — 2.1%* | *Life Sciences Tools & Services — 2.1%* | *Life Sciences Tools & Services — 2.1%* | *Life Sciences Tools & Services — 2.1%* |
| &nbsp;&nbsp;&nbsp; Charles River Laboratories International Inc., Senior Notes | &nbsp;&nbsp; 4.250% | &nbsp;&nbsp; 5/1/28 | &nbsp;&nbsp; 21275000<br>| &nbsp;&nbsp;&nbsp; 20826780<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Charles River Laboratories International Inc., Senior Notes | &nbsp;&nbsp; 4.000% | &nbsp;&nbsp; 3/15/31 | &nbsp;&nbsp; 5340000<br>| &nbsp;&nbsp;&nbsp; 4977154<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; IQVIA Inc., Senior Notes | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 10/15/26 | &nbsp;&nbsp; 20635000<br>| &nbsp;&nbsp;&nbsp; 20628292<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; IQVIA Inc., Senior Notes | &nbsp;&nbsp; 6.250% | &nbsp;&nbsp; 6/1/32 | &nbsp;&nbsp; 4000000<br>| &nbsp;&nbsp;&nbsp; 4117564<br> <sup>(a)</sup><br>|
| *Total Life Sciences Tools & Services* | *Total Life Sciences Tools & Services* | *Total Life Sciences Tools & Services* | *Total Life Sciences Tools & Services* | &nbsp;&nbsp; *50549790* |
| *Pharmaceuticals — 1.0%* | *Pharmaceuticals — 1.0%* | *Pharmaceuticals — 1.0%* | *Pharmaceuticals — 1.0%* | *Pharmaceuticals — 1.0%* |
| &nbsp;&nbsp;&nbsp; Organon & Co./Organon Foreign Debt Co-Issuer BV, Senior Secured <br> Notes | &nbsp;&nbsp; 6.750% | &nbsp;&nbsp; 5/15/34 | &nbsp;&nbsp; 14488000<br>| &nbsp;&nbsp;&nbsp; 13910459<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Utah Acquisition Sub Inc., Senior Notes | &nbsp;&nbsp; 5.250% | &nbsp;&nbsp; 6/15/46 | &nbsp;&nbsp; 5712000<br>| &nbsp;&nbsp;&nbsp; 4749300<br>|
| &nbsp;&nbsp;&nbsp; Viatris Inc., Senior Notes | &nbsp;&nbsp; 3.850% | &nbsp;&nbsp; 6/22/40 | &nbsp;&nbsp; 5225000<br>| &nbsp;&nbsp;&nbsp; 3986586<br>|

---

See Notes to Schedule of Investments.

------

BrandywineGLOBAL — Corporate Credit Fund 2025 Quarterly Report

------

Schedule of Investments (unaudited) (cont'd)

September 30, 2025

 **BrandywineGLOBAL — Corporate Credit Fund**

(Percentages shown based on Fund net assets)

---

| | | | | |
|:---|:---|:---|:---|:---|
| Security | Rate | Maturity<br> Date<br>| Face<br> Amount<br>| Value |
| *Pharmaceuticals — continued* | *Pharmaceuticals — continued* | *Pharmaceuticals — continued* | *Pharmaceuticals — continued* | *Pharmaceuticals — continued* |
| &nbsp;&nbsp;&nbsp; Viatris Inc., Senior Notes | &nbsp;&nbsp; 4.000% | &nbsp;&nbsp; 6/22/50 | &nbsp;&nbsp; $4500000<br>| &nbsp;&nbsp;&nbsp; $3072175<br>|
| *Total Pharmaceuticals* | *Total Pharmaceuticals* | *Total Pharmaceuticals* | *Total Pharmaceuticals* | &nbsp;&nbsp; *25718520* |
| **Total Health Care** | **Total Health Care** | **Total Health Care** | **Total Health Care** | &nbsp;&nbsp; **145164078** |
| **Industrials — 7.0%** | **Industrials — 7.0%** | **Industrials — 7.0%** | **Industrials — 7.0%** | **Industrials — 7.0%** |
| *Aerospace & Defense — 0.8%* | *Aerospace & Defense — 0.8%* | *Aerospace & Defense — 0.8%* | *Aerospace & Defense — 0.8%* | *Aerospace & Defense — 0.8%* |
| &nbsp;&nbsp;&nbsp; TransDigm Inc., Senior Secured Notes | &nbsp;&nbsp; 6.750% | &nbsp;&nbsp; 8/15/28 | &nbsp;&nbsp; 14557000<br>| &nbsp;&nbsp;&nbsp; 14852638<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; TransDigm Inc., Senior Secured Notes | &nbsp;&nbsp; 6.375% | &nbsp;&nbsp; 3/1/29 | &nbsp;&nbsp; 6153000<br>| &nbsp;&nbsp;&nbsp; 6298525<br> <sup>(a)</sup><br>|
| *Total Aerospace & Defense* | *Total Aerospace & Defense* | *Total Aerospace & Defense* | *Total Aerospace & Defense* | &nbsp;&nbsp; *21151163* |
| *Building Products — 0.5%* | *Building Products — 0.5%* | *Building Products — 0.5%* | *Building Products — 0.5%* | *Building Products — 0.5%* |
| &nbsp;&nbsp;&nbsp; AmeriTex HoldCo Intermediate LLC, Senior Secured Notes | &nbsp;&nbsp; 7.625% | &nbsp;&nbsp; 8/15/33 | &nbsp;&nbsp; 4975000<br>| &nbsp;&nbsp;&nbsp; 5182624<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; EMRLD Borrower LP/Emerald Co-Issuer Inc., Senior Secured Notes | &nbsp;&nbsp; 6.625% | &nbsp;&nbsp; 12/15/30 | &nbsp;&nbsp; 6300000<br>| &nbsp;&nbsp;&nbsp; 6483954<br> <sup>(a)</sup><br>|
| *Total Building Products* | *Total Building Products* | *Total Building Products* | *Total Building Products* | &nbsp;&nbsp; *11666578* |
| *Commercial Services & Supplies — 0.7%* | *Commercial Services & Supplies — 0.7%* | *Commercial Services & Supplies — 0.7%* | *Commercial Services & Supplies — 0.7%* | *Commercial Services & Supplies — 0.7%* |
| &nbsp;&nbsp;&nbsp; Matthews International Corp., Secured Notes | &nbsp;&nbsp; 8.625% | &nbsp;&nbsp; 10/1/27 | &nbsp;&nbsp; 16568000<br>| &nbsp;&nbsp;&nbsp;&nbsp; *17134559*<br> <sup>(a)</sup><br>|
| *Construction & Engineering — 0.9%* | *Construction & Engineering — 0.9%* | *Construction & Engineering — 0.9%* | *Construction & Engineering — 0.9%* | *Construction & Engineering — 0.9%* |
| &nbsp;&nbsp;&nbsp; Brundage-Bone Concrete Pumping Holdings Inc., Senior Secured <br> Notes | &nbsp;&nbsp; 7.500% | &nbsp;&nbsp; 2/1/32 | &nbsp;&nbsp; 21038000<br>| &nbsp;&nbsp;&nbsp;&nbsp; *21273752*<br> <sup>(a)</sup><br>|
| *Electrical Equipment — 1.1%* | *Electrical Equipment — 1.1%* | *Electrical Equipment — 1.1%* | *Electrical Equipment — 1.1%* | *Electrical Equipment — 1.1%* |
| &nbsp;&nbsp;&nbsp; Regal Rexnord Corp., Senior Notes | &nbsp;&nbsp; 6.050% | &nbsp;&nbsp; 2/15/26 | &nbsp;&nbsp; 11198000<br>| &nbsp;&nbsp;&nbsp; 11253712<br>|
| &nbsp;&nbsp;&nbsp; Regal Rexnord Corp., Senior Notes | &nbsp;&nbsp; 6.400% | &nbsp;&nbsp; 4/15/33 | &nbsp;&nbsp; 651000<br>| &nbsp;&nbsp;&nbsp; 699189<br>|
| &nbsp;&nbsp;&nbsp; WESCO Distribution Inc., Senior Notes | &nbsp;&nbsp; 7.250% | &nbsp;&nbsp; 6/15/28 | &nbsp;&nbsp; 16034000<br>| &nbsp;&nbsp;&nbsp; 16255991<br> <sup>(a)</sup><br>|
| *Total Electrical Equipment* | *Total Electrical Equipment* | *Total Electrical Equipment* | *Total Electrical Equipment* | &nbsp;&nbsp; *28208892* |
| *Ground Transportation — 0.0%††* | *Ground Transportation — 0.0%††* | *Ground Transportation — 0.0%††* | *Ground Transportation — 0.0%††* | *Ground Transportation — 0.0%††* |
| &nbsp;&nbsp;&nbsp; XPO Inc., Senior Secured Notes | &nbsp;&nbsp; 6.250% | &nbsp;&nbsp; 6/1/28 | &nbsp;&nbsp; 654000<br>| &nbsp;&nbsp;&nbsp;&nbsp; *667641*<br> <sup>(a)</sup><br>|
| *Machinery — 0.3%* | *Machinery — 0.3%* | *Machinery — 0.3%* | *Machinery — 0.3%* | *Machinery — 0.3%* |
| &nbsp;&nbsp;&nbsp; Titan International Inc., Senior Secured Notes | &nbsp;&nbsp; 7.000% | &nbsp;&nbsp; 4/30/28 | &nbsp;&nbsp; 6727000<br>| &nbsp;&nbsp;&nbsp; *6740703*<br>|
| *Passenger Airlines — 2.0%* | *Passenger Airlines — 2.0%* | *Passenger Airlines — 2.0%* | *Passenger Airlines — 2.0%* | *Passenger Airlines — 2.0%* |
| &nbsp;&nbsp;&nbsp; Air Canada Pass-Through Trust | &nbsp;&nbsp; 3.300% | &nbsp;&nbsp; 1/15/30 | &nbsp;&nbsp; 4557285<br>| &nbsp;&nbsp;&nbsp; 4323381<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Allegiant Travel Co., Senior Secured Notes | &nbsp;&nbsp; 7.250% | &nbsp;&nbsp; 8/15/27 | &nbsp;&nbsp; 10279000<br>| &nbsp;&nbsp;&nbsp; 10415584<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; British Airways Pass-Through Trust | &nbsp;&nbsp; 3.300% | &nbsp;&nbsp; 12/15/32 | &nbsp;&nbsp; 4175254<br>| &nbsp;&nbsp;&nbsp; 3956044<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Delta Air Lines Inc./SkyMiles IP Ltd., Senior Secured Notes | &nbsp;&nbsp; 4.500% | &nbsp;&nbsp; 10/20/25 | &nbsp;&nbsp; 91625<br>| &nbsp;&nbsp;&nbsp; 91515<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Delta Air Lines Inc./SkyMiles IP Ltd., Senior Secured Notes | &nbsp;&nbsp; 4.750% | &nbsp;&nbsp; 10/20/28 | &nbsp;&nbsp; 16254000<br>| &nbsp;&nbsp;&nbsp; 16352162<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; JetBlue Airways Pass-Through Trust | &nbsp;&nbsp; 4.000% | &nbsp;&nbsp; 11/15/32 | &nbsp;&nbsp; 8349284<br>| &nbsp;&nbsp;&nbsp; 7870349<br>|
| &nbsp;&nbsp;&nbsp; United Airlines Inc., Senior Secured Notes | &nbsp;&nbsp; 4.375% | &nbsp;&nbsp; 4/15/26 | &nbsp;&nbsp; 5678000<br>| &nbsp;&nbsp;&nbsp; 5674162<br> <sup>(a)</sup><br>|
| *Total Passenger Airlines* | *Total Passenger Airlines* | *Total Passenger Airlines* | *Total Passenger Airlines* | &nbsp;&nbsp; *48683197* |
| *Professional Services — 0.6%* | *Professional Services — 0.6%* | *Professional Services — 0.6%* | *Professional Services — 0.6%* | *Professional Services — 0.6%* |
| &nbsp;&nbsp;&nbsp; Concentrix Corp., Senior Notes | &nbsp;&nbsp; 6.850% | &nbsp;&nbsp; 8/2/33 | &nbsp;&nbsp; 8837000<br>| &nbsp;&nbsp;&nbsp; 9177018<br>|
| &nbsp;&nbsp;&nbsp; TriNet Group Inc., Senior Notes | &nbsp;&nbsp; 3.500% | &nbsp;&nbsp; 3/1/29 | &nbsp;&nbsp; 5630000<br>| &nbsp;&nbsp;&nbsp; 5271079<br> <sup>(a)</sup><br>|
| *Total Professional Services* | *Total Professional Services* | *Total Professional Services* | *Total Professional Services* | &nbsp;&nbsp; *14448097* |
| *Trading Companies & Distributors — 0.1%* | *Trading Companies & Distributors — 0.1%* | *Trading Companies & Distributors — 0.1%* | *Trading Companies & Distributors — 0.1%* | *Trading Companies & Distributors — 0.1%* |
| &nbsp;&nbsp;&nbsp; FTAI Aviation Investors LLC, Senior Notes | &nbsp;&nbsp; 7.000% | &nbsp;&nbsp; 6/15/32 | &nbsp;&nbsp; 2326000<br>| &nbsp;&nbsp;&nbsp;&nbsp; *2436245*<br> <sup>(a)</sup><br>|
| **Total Industrials** | **Total Industrials** | **Total Industrials** | **Total Industrials** | &nbsp;&nbsp; **172410827** |
| **Information Technology — 5.2%** | **Information Technology — 5.2%** | **Information Technology — 5.2%** | **Information Technology — 5.2%** | **Information Technology — 5.2%** |
| *Communications Equipment — 0.7%* | *Communications Equipment — 0.7%* | *Communications Equipment — 0.7%* | *Communications Equipment — 0.7%* | *Communications Equipment — 0.7%* |
| &nbsp;&nbsp;&nbsp; Connect Finco SARL/Connect US Finco LLC, Senior Secured Notes | &nbsp;&nbsp; 9.000% | &nbsp;&nbsp; 9/15/29 | &nbsp;&nbsp; 5659000<br>| &nbsp;&nbsp;&nbsp; 5956973<br> <sup>(a)</sup><br>|

---

See Notes to Schedule of Investments.

------

BrandywineGLOBAL — Corporate Credit Fund 2025 Quarterly Report

------

 **BrandywineGLOBAL — Corporate Credit Fund**

(Percentages shown based on Fund net assets)

---

| | | | | |
|:---|:---|:---|:---|:---|
| Security | Rate | Maturity<br> Date<br>| Face<br> Amount<br>| Value |
| *Communications Equipment — continued* | *Communications Equipment — continued* | *Communications Equipment — continued* | *Communications Equipment — continued* | *Communications Equipment — continued* |
| &nbsp;&nbsp;&nbsp; Nokia oyj, Senior Notes | &nbsp;&nbsp; 6.625% | &nbsp;&nbsp; 5/15/39 | &nbsp;&nbsp; $11223000<br>| &nbsp;&nbsp;&nbsp; $11816158<br>|
| *Total Communications Equipment* | *Total Communications Equipment* | *Total Communications Equipment* | *Total Communications Equipment* | &nbsp;&nbsp; *17773131* |
| *IT Services — 1.1%* | *IT Services — 1.1%* | *IT Services — 1.1%* | *IT Services — 1.1%* | *IT Services — 1.1%* |
| &nbsp;&nbsp;&nbsp; Sabre GLBL Inc., Senior Secured Notes | &nbsp;&nbsp; 10.750% | &nbsp;&nbsp; 11/15/29 | &nbsp;&nbsp; 15518000<br>| &nbsp;&nbsp;&nbsp; 15054770<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Sabre GLBL Inc., Senior Secured Notes | &nbsp;&nbsp; 11.125% | &nbsp;&nbsp; 7/15/30 | &nbsp;&nbsp; 11995000<br>| &nbsp;&nbsp;&nbsp; 11631551<br> <sup>(a)</sup><br>|
| *Total IT Services* | *Total IT Services* | *Total IT Services* | *Total IT Services* | &nbsp;&nbsp; *26686321* |
| *Semiconductors & Semiconductor Equipment — 0.8%* | *Semiconductors & Semiconductor Equipment — 0.8%* | *Semiconductors & Semiconductor Equipment — 0.8%* | *Semiconductors & Semiconductor Equipment — 0.8%* | *Semiconductors & Semiconductor Equipment — 0.8%* |
| &nbsp;&nbsp;&nbsp; Kioxia Holdings Corp., Senior Notes | &nbsp;&nbsp; 6.250% | &nbsp;&nbsp; 7/24/30 | &nbsp;&nbsp; 8500000<br>| &nbsp;&nbsp;&nbsp; 8679639<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Qorvo Inc., Senior Notes | &nbsp;&nbsp; 3.375% | &nbsp;&nbsp; 4/1/31 | &nbsp;&nbsp; 12564000<br>| &nbsp;&nbsp;&nbsp; 11554763<br> <sup>(a)</sup><br>|
| *Total Semiconductors & Semiconductor Equipment* | *Total Semiconductors & Semiconductor Equipment* | *Total Semiconductors & Semiconductor Equipment* | *Total Semiconductors & Semiconductor Equipment* | &nbsp;&nbsp; *20234402* |
| *Software — 2.6%* | *Software — 2.6%* | *Software — 2.6%* | *Software — 2.6%* | *Software — 2.6%* |
| &nbsp;&nbsp;&nbsp; Central Parent Inc./CDK Global Inc., Senior Secured Notes | &nbsp;&nbsp; 7.250% | &nbsp;&nbsp; 6/15/29 | &nbsp;&nbsp; 26563000<br>| &nbsp;&nbsp;&nbsp; 22971815<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Elastic NV, Senior Notes | &nbsp;&nbsp; 4.125% | &nbsp;&nbsp; 7/15/29 | &nbsp;&nbsp; 2050000<br>| &nbsp;&nbsp;&nbsp; 1970231<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Fair Isaac Corp., Senior Notes | &nbsp;&nbsp; 5.250% | &nbsp;&nbsp; 5/15/26 | &nbsp;&nbsp; 5977000<br>| &nbsp;&nbsp;&nbsp; 5983045<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Fair Isaac Corp., Senior Notes | &nbsp;&nbsp; 4.000% | &nbsp;&nbsp; 6/15/28 | &nbsp;&nbsp; 4415000<br>| &nbsp;&nbsp;&nbsp; 4298990<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Fair Isaac Corp., Senior Notes | &nbsp;&nbsp; 6.000% | &nbsp;&nbsp; 5/15/33 | &nbsp;&nbsp; 18450000<br>| &nbsp;&nbsp;&nbsp; 18725702<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; ZoomInfo Technologies LLC/ZoomInfo Finance Corp., Senior Notes | &nbsp;&nbsp; 3.875% | &nbsp;&nbsp; 2/1/29 | &nbsp;&nbsp; 9095000<br>| &nbsp;&nbsp;&nbsp; 8631499<br> <sup>(a)</sup><br>|
| *Total Software* | *Total Software* | *Total Software* | *Total Software* | &nbsp;&nbsp; *62581282* |
| **Total Information Technology** | **Total Information Technology** | **Total Information Technology** | **Total Information Technology** | &nbsp;&nbsp; **127275136** |
| **Materials — 4.4%** | **Materials — 4.4%** | **Materials — 4.4%** | **Materials — 4.4%** | **Materials — 4.4%** |
| *Chemicals — 2.4%* | *Chemicals — 2.4%* | *Chemicals — 2.4%* | *Chemicals — 2.4%* | *Chemicals — 2.4%* |
| &nbsp;&nbsp;&nbsp; Ashland Inc., Senior Notes | &nbsp;&nbsp; 6.875% | &nbsp;&nbsp; 5/15/43 | &nbsp;&nbsp; 8530000<br>| &nbsp;&nbsp;&nbsp; 8952124<br>|
| &nbsp;&nbsp;&nbsp; Cerdia Finanz GmbH, Senior Secured Notes | &nbsp;&nbsp; 9.375% | &nbsp;&nbsp; 10/3/31 | &nbsp;&nbsp; 17260000<br>| &nbsp;&nbsp;&nbsp; 18317175<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; FMC Corp., Senior Notes | &nbsp;&nbsp; 6.375% | &nbsp;&nbsp; 5/18/53 | &nbsp;&nbsp; 2000000<br>| &nbsp;&nbsp;&nbsp; 1976725<br>|
| &nbsp;&nbsp;&nbsp; Mativ Holdings Inc., Senior Notes | &nbsp;&nbsp; 8.000% | &nbsp;&nbsp; 10/1/29 | &nbsp;&nbsp; 29002000<br>| &nbsp;&nbsp;&nbsp; 28749950<br> <sup>(a)</sup><br>|
| *Total Chemicals* | *Total Chemicals* | *Total Chemicals* | *Total Chemicals* | &nbsp;&nbsp; *57995974* |
| *Metals & Mining — 1.6%* | *Metals & Mining — 1.6%* | *Metals & Mining — 1.6%* | *Metals & Mining — 1.6%* | *Metals & Mining — 1.6%* |
| &nbsp;&nbsp;&nbsp; Cleveland-Cliffs Inc., Senior Notes | &nbsp;&nbsp; 7.500% | &nbsp;&nbsp; 9/15/31 | &nbsp;&nbsp; 8255000<br>| &nbsp;&nbsp;&nbsp; 8514422<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Cleveland-Cliffs Inc., Senior Notes | &nbsp;&nbsp; 7.625% | &nbsp;&nbsp; 1/15/34 | &nbsp;&nbsp; 3250000<br>| &nbsp;&nbsp;&nbsp; 3350945<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Mineral Resources Ltd., Senior Notes | &nbsp;&nbsp; 8.125% | &nbsp;&nbsp; 5/1/27 | &nbsp;&nbsp; 23956000<br>| &nbsp;&nbsp;&nbsp; 23970158<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Mineral Resources Ltd., Senior Notes | &nbsp;&nbsp; 8.000% | &nbsp;&nbsp; 11/1/27 | &nbsp;&nbsp; 2554000<br>| &nbsp;&nbsp;&nbsp; 2605435<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Vale Overseas Ltd., Senior Notes | &nbsp;&nbsp; 6.400% | &nbsp;&nbsp; 6/28/54 | &nbsp;&nbsp; 1336000<br>| &nbsp;&nbsp;&nbsp; 1374640<br>|
| *Total Metals & Mining* | *Total Metals & Mining* | *Total Metals & Mining* | *Total Metals & Mining* | &nbsp;&nbsp; *39815600* |
| *Paper & Forest Products — 0.4%* | *Paper & Forest Products — 0.4%* | *Paper & Forest Products — 0.4%* | *Paper & Forest Products — 0.4%* | *Paper & Forest Products — 0.4%* |
| &nbsp;&nbsp;&nbsp; Magnera Corp., Senior Secured Notes | &nbsp;&nbsp; 7.250% | &nbsp;&nbsp; 11/15/31 | &nbsp;&nbsp; 10278000<br>| &nbsp;&nbsp;&nbsp;&nbsp; *9679204*<br> <sup>(a)</sup><br>|
| **Total Materials** | **Total Materials** | **Total Materials** | **Total Materials** | &nbsp;&nbsp; **107490778** |
| **Real Estate — 2.1%** | **Real Estate — 2.1%** | **Real Estate — 2.1%** | **Real Estate — 2.1%** | **Real Estate — 2.1%** |
| *Health Care REITs — 0.0%††* | *Health Care REITs — 0.0%††* | *Health Care REITs — 0.0%††* | *Health Care REITs — 0.0%††* | *Health Care REITs — 0.0%††* |
| &nbsp;&nbsp;&nbsp; National Health Investors Inc., Senior Notes | &nbsp;&nbsp; 3.000% | &nbsp;&nbsp; 2/1/31 | &nbsp;&nbsp; 889000<br>| &nbsp;&nbsp;&nbsp; *804889*<br>|
| *Hotel & Resort REITs — 0.3%* | *Hotel & Resort REITs — 0.3%* | *Hotel & Resort REITs — 0.3%* | *Hotel & Resort REITs — 0.3%* | *Hotel & Resort REITs — 0.3%* |
| &nbsp;&nbsp;&nbsp; RHP Hotel Properties LP/RHP Finance Corp., Senior Notes | &nbsp;&nbsp; 4.750% | &nbsp;&nbsp; 10/15/27 | &nbsp;&nbsp; 3256000<br>| &nbsp;&nbsp;&nbsp; 3243968<br>|
| &nbsp;&nbsp;&nbsp; XHR LP, Senior Secured Notes | &nbsp;&nbsp; 4.875% | &nbsp;&nbsp; 6/1/29 | &nbsp;&nbsp; 4107000<br>| &nbsp;&nbsp;&nbsp; 4025735<br> <sup>(a)</sup><br>|
| *Total Hotel & Resort REITs* | *Total Hotel & Resort REITs* | *Total Hotel & Resort REITs* | *Total Hotel & Resort REITs* | &nbsp;&nbsp; *7269703* |
| *Real Estate Management & Development — 1.2%* | *Real Estate Management & Development — 1.2%* | *Real Estate Management & Development — 1.2%* | *Real Estate Management & Development — 1.2%* | *Real Estate Management & Development — 1.2%* |
| &nbsp;&nbsp;&nbsp; Forestar Group Inc., Senior Notes | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 3/1/28 | &nbsp;&nbsp; 19154000<br>| &nbsp;&nbsp;&nbsp; 18989586<br> <sup>(a)</sup><br>|

---

See Notes to Schedule of Investments.

------

BrandywineGLOBAL — Corporate Credit Fund 2025 Quarterly Report

------

Schedule of Investments (unaudited) (cont'd)

September 30, 2025

 **BrandywineGLOBAL — Corporate Credit Fund**

(Percentages shown based on Fund net assets)

---

| | | | | |
|:---|:---|:---|:---|:---|
| Security | Rate | Maturity<br> Date<br>| Face<br> Amount<br>| Value |
| *Real Estate Management & Development — continued* | *Real Estate Management & Development — continued* | *Real Estate Management & Development — continued* | *Real Estate Management & Development — continued* | *Real Estate Management & Development — continued* |
| &nbsp;&nbsp;&nbsp; Forestar Group Inc., Senior Notes | &nbsp;&nbsp; 6.500% | &nbsp;&nbsp; 3/15/33 | &nbsp;&nbsp; $9700000<br>| &nbsp;&nbsp;&nbsp; $9931229<br> <sup>(a)</sup><br>|
| *Total Real Estate Management & Development* | *Total Real Estate Management & Development* | *Total Real Estate Management & Development* | *Total Real Estate Management & Development* | &nbsp;&nbsp; *28920815* |
| *Specialized REITs — 0.6%* | *Specialized REITs — 0.6%* | *Specialized REITs — 0.6%* | *Specialized REITs — 0.6%* | *Specialized REITs — 0.6%* |
| &nbsp;&nbsp;&nbsp; Millrose Properties Inc., Senior Notes | &nbsp;&nbsp; 6.375% | &nbsp;&nbsp; 8/1/30 | &nbsp;&nbsp; 11000000<br>| &nbsp;&nbsp;&nbsp; 11195360<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Millrose Properties Inc., Senior Notes | &nbsp;&nbsp; 6.250% | &nbsp;&nbsp; 9/15/32 | &nbsp;&nbsp; 2800000<br>| &nbsp;&nbsp;&nbsp; 2809068<br> <sup>(a)</sup><br>|
| *Total Specialized REITs* | *Total Specialized REITs* | *Total Specialized REITs* | *Total Specialized REITs* | &nbsp;&nbsp; *14004428* |
| **Total Real Estate** | **Total Real Estate** | **Total Real Estate** | **Total Real Estate** | &nbsp;&nbsp; **50999835** |
| **Utilities — 0.6%** | **Utilities — 0.6%** | **Utilities — 0.6%** | **Utilities — 0.6%** | **Utilities — 0.6%** |
| *Electric Utilities — 0.6%* | *Electric Utilities — 0.6%* | *Electric Utilities — 0.6%* | *Electric Utilities — 0.6%* | *Electric Utilities — 0.6%* |
| &nbsp;&nbsp;&nbsp; Southern California Edison Co., First Mortgage Bonds | &nbsp;&nbsp; 4.000% | &nbsp;&nbsp; 4/1/47 | &nbsp;&nbsp; 6250000<br>| &nbsp;&nbsp;&nbsp; 4735492<br>|
| &nbsp;&nbsp;&nbsp; Southern California Edison Co., First Mortgage Bonds | &nbsp;&nbsp; 4.875% | &nbsp;&nbsp; 3/1/49 | &nbsp;&nbsp; 3600000<br>| &nbsp;&nbsp;&nbsp; 3048322<br>|
| &nbsp;&nbsp;&nbsp; XPLR Infrastructure Operating Partners LP, Senior Notes | &nbsp;&nbsp; 8.375% | &nbsp;&nbsp; 1/15/31 | &nbsp;&nbsp; 7460000<br>| &nbsp;&nbsp;&nbsp; 7823899<br> <sup>(a)</sup><br>|
| **Total Utilities** | **Total Utilities** | **Total Utilities** | **Total Utilities** | &nbsp;&nbsp; **15607713** |
| **Total Corporate Bonds & Notes (Cost — $2,011,486,383)** | **Total Corporate Bonds & Notes (Cost — $2,011,486,383)** | **Total Corporate Bonds & Notes (Cost — $2,011,486,383)** | **Total Corporate Bonds & Notes (Cost — $2,011,486,383)** | &nbsp;&nbsp; **2007331904** |
| **Senior Loans — 4.8%** | **Senior Loans — 4.8%** | **Senior Loans — 4.8%** | **Senior Loans — 4.8%** | **Senior Loans — 4.8%** |
| **Communication Services — 0.8%** | **Communication Services — 0.8%** | **Communication Services — 0.8%** | **Communication Services — 0.8%** | **Communication Services — 0.8%** |
| *Interactive Media & Services — 0.8%* | *Interactive Media & Services — 0.8%* | *Interactive Media & Services — 0.8%* | *Interactive Media & Services — 0.8%* | *Interactive Media & Services — 0.8%* |
| &nbsp;&nbsp;&nbsp; TripAdvisor Inc., Initial Term Loan B (1 mo. Term SOFR + 2.750%)  | 6.913% | &nbsp;&nbsp; 7/8/31 | &nbsp;&nbsp; 20312293<br>| &nbsp;&nbsp;&nbsp;&nbsp; **19956828**<br> <sup>(g)(h)(i)</sup><br>|
| **Consumer Discretionary — 0.6%** | **Consumer Discretionary — 0.6%** | **Consumer Discretionary — 0.6%** | **Consumer Discretionary — 0.6%** | **Consumer Discretionary — 0.6%** |
| *Hotels, Restaurants & Leisure — 0.6%* | *Hotels, Restaurants & Leisure — 0.6%* | *Hotels, Restaurants & Leisure — 0.6%* | *Hotels, Restaurants & Leisure — 0.6%* | *Hotels, Restaurants & Leisure — 0.6%* |
| &nbsp;&nbsp;&nbsp; J&J Ventures Gaming LLC, 2025 Term Loan (1 mo. Term SOFR + <br> 3.500%) | 7.663% | &nbsp;&nbsp; 4/26/30 | &nbsp;&nbsp; 7900300<br>| &nbsp;&nbsp;&nbsp; 7829948<br> <sup>(g)(h)(i)</sup><br>|
| &nbsp;&nbsp;&nbsp; Station Casinos LLC, Term Loan Facility B (1 mo. Term SOFR + <br> 2.000%) | 6.163% | &nbsp;&nbsp; 3/14/31 | &nbsp;&nbsp; 7949953<br>| &nbsp;&nbsp;&nbsp; 7958618<br> <sup>(g)(h)(i)</sup><br>|
| **Total Consumer Discretionary** | **Total Consumer Discretionary** | **Total Consumer Discretionary** | **Total Consumer Discretionary** | &nbsp;&nbsp; **15788566** |
| **Financials — 1.9%** | **Financials — 1.9%** | **Financials — 1.9%** | **Financials — 1.9%** | **Financials — 1.9%** |
| *Financial Services — 0.2%* | *Financial Services — 0.2%* | *Financial Services — 0.2%* | *Financial Services — 0.2%* | *Financial Services — 0.2%* |
| &nbsp;&nbsp;&nbsp; FNZ Group Entities Ltd., Initial USD Term Loan (3 mo. Term SOFR + <br> 5.000%)  | 9.321% | &nbsp;&nbsp; 11/5/31 | &nbsp;&nbsp; 6467500<br>| &nbsp;&nbsp;&nbsp;&nbsp; *5235991*<br> <sup>(g)(h)(i)</sup><br>|
| *Insurance — 1.7%* | *Insurance — 1.7%* | *Insurance — 1.7%* | *Insurance — 1.7%* | *Insurance — 1.7%* |
| &nbsp;&nbsp;&nbsp; AmWINS Group Inc., Initial Term Loan (3 mo. Term SOFR + 2.250%) | 6.252% | &nbsp;&nbsp; 1/30/32 | &nbsp;&nbsp; 10421250<br>| &nbsp;&nbsp;&nbsp; 10427972<br> <sup>(g)(h)(i)</sup><br>|
| &nbsp;&nbsp;&nbsp; Ardonagh Group Finco Pty Ltd., 2025 Term Loan Facility B (3 mo. Term <br> SOFR + 2.750%) | 6.752-6.950% | &nbsp;&nbsp; 2/15/31 | &nbsp;&nbsp; 18158864<br>| &nbsp;&nbsp;&nbsp; 18105931<br> <sup>(g)(h)(i)</sup><br>|
| &nbsp;&nbsp;&nbsp; HUB International Ltd., 2025 Incremental Term Loan (3 mo. Term <br> SOFR + 2.250%) | 6.575% | &nbsp;&nbsp; 6/20/30 | &nbsp;&nbsp; 5900226<br>| &nbsp;&nbsp;&nbsp; 5915507<br> <sup>(g)(h)(i)</sup><br>|
| &nbsp;&nbsp;&nbsp; Truist Insurance Holdings LLC, 2024 Term Loan B (3 mo. Term SOFR + <br> 2.750%) | 6.752% | &nbsp;&nbsp; 5/6/31 | &nbsp;&nbsp; 6975806<br>| &nbsp;&nbsp;&nbsp; 6986724<br> <sup>(g)(h)(i)</sup><br>|
| *Total Insurance* | *Total Insurance* | *Total Insurance* | *Total Insurance* | &nbsp;&nbsp; *41436134* |
| **Total Financials** | **Total Financials** | **Total Financials** | **Total Financials** | &nbsp;&nbsp; **46672125** |
| **Information Technology — 0.5%** | **Information Technology — 0.5%** | **Information Technology — 0.5%** | **Information Technology — 0.5%** | **Information Technology — 0.5%** |
| *Communications Equipment — 0.4%* | *Communications Equipment — 0.4%* | *Communications Equipment — 0.4%* | *Communications Equipment — 0.4%* | *Communications Equipment — 0.4%* |
| &nbsp;&nbsp;&nbsp; Connect US Finco LLC, Amendment No. 4 Term Loan (1 mo. Term <br> SOFR + 4.500%)  | 8.663% | &nbsp;&nbsp; 9/27/29 | &nbsp;&nbsp; 8528354<br>| &nbsp;&nbsp;&nbsp;&nbsp; *8437144*<br> <sup>(g)(h)(i)(j)</sup><br>|
| *IT Services — 0.1%* | *IT Services — 0.1%* | *IT Services — 0.1%* | *IT Services — 0.1%* | *IT Services — 0.1%* |
| &nbsp;&nbsp;&nbsp; Amentum Holdings LLC, Initial Term Loan (1 mo. Term SOFR + <br> 2.250%)  | 6.413% | &nbsp;&nbsp; 9/29/31 | &nbsp;&nbsp; 3402748<br>| &nbsp;&nbsp;&nbsp;&nbsp; *3406474*<br> <sup>(g)(h)(i)</sup><br>|
| **Total Information Technology** | **Total Information Technology** | **Total Information Technology** | **Total Information Technology** | &nbsp;&nbsp; **11843618** |

---

See Notes to Schedule of Investments.

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BrandywineGLOBAL — Corporate Credit Fund 2025 Quarterly Report

------

 **BrandywineGLOBAL — Corporate Credit Fund**

(Percentages shown based on Fund net assets)

---

| | | | | |
|:---|:---|:---|:---|:---|
| Security | Rate | Maturity<br> Date<br>| Face<br> Amount<br>| Value |
| **Materials — 0.1%** | **Materials — 0.1%** | **Materials — 0.1%** | **Materials — 0.1%** | **Materials — 0.1%** |
| *Construction Materials — 0.1%* | *Construction Materials — 0.1%* | *Construction Materials — 0.1%* | *Construction Materials — 0.1%* | *Construction Materials — 0.1%* |
| &nbsp;&nbsp;&nbsp; Knife River Corp., Initial Term Loan B (3 mo. Term SOFR + 2.000%)  | 6.123% | &nbsp;&nbsp; 3/8/32 | &nbsp;&nbsp; $2985000<br>| &nbsp;&nbsp;&nbsp;&nbsp; **$2995268**<br> <sup>(g)(h)(i)</sup><br>|
| **Real Estate — 0.1%** | **Real Estate — 0.1%** | **Real Estate — 0.1%** | **Real Estate — 0.1%** | **Real Estate — 0.1%** |
| *Hotel & Resort REITs — 0.1%* | *Hotel & Resort REITs — 0.1%* | *Hotel & Resort REITs — 0.1%* | *Hotel & Resort REITs — 0.1%* | *Hotel & Resort REITs — 0.1%* |
| &nbsp;&nbsp;&nbsp; RHP Hotel Properties LP, Second Incremental Term Loan B (1 mo. <br> Term SOFR + 2.000%)  | 6.163% | &nbsp;&nbsp; 5/18/30 | &nbsp;&nbsp; 2905898<br>| &nbsp;&nbsp;&nbsp;&nbsp; **2915589**<br> <sup>(g)(h)(i)</sup><br>|
| **Utilities — 0.8%** | **Utilities — 0.8%** | **Utilities — 0.8%** | **Utilities — 0.8%** | **Utilities — 0.8%** |
| *Electric Utilities — 0.3%* | *Electric Utilities — 0.3%* | *Electric Utilities — 0.3%* | *Electric Utilities — 0.3%* | *Electric Utilities — 0.3%* |
| &nbsp;&nbsp;&nbsp; NRG Energy Inc., Term Loan (3 mo. Term SOFR + 1.750%)  | 6.064% | &nbsp;&nbsp; 4/16/31 | &nbsp;&nbsp; 6865152<br>| &nbsp;&nbsp;&nbsp;&nbsp; *6873527*<br> <sup>(g)(h)(i)</sup><br>|
| *Independent Power and Renewable Electricity Producers — 0.5%* | *Independent Power and Renewable Electricity Producers — 0.5%* | *Independent Power and Renewable Electricity Producers — 0.5%* | *Independent Power and Renewable Electricity Producers — 0.5%* | *Independent Power and Renewable Electricity Producers — 0.5%* |
| &nbsp;&nbsp;&nbsp; Long Ridge Energy LLC, Term Loan B (3 mo. Term SOFR + 4.500%)  | 8.502% | &nbsp;&nbsp; 2/19/32 | &nbsp;&nbsp; 12686250<br>| &nbsp;&nbsp;&nbsp;&nbsp; *12442420*<br> <sup>(g)(h)(i)</sup><br>|
| **Total Utilities** | **Total Utilities** | **Total Utilities** | **Total Utilities** | &nbsp;&nbsp; **19315947** |
| **Total Senior Loans (Cost — $120,406,823)** | **Total Senior Loans (Cost — $120,406,823)** | **Total Senior Loans (Cost — $120,406,823)** | **Total Senior Loans (Cost — $120,406,823)** | &nbsp;&nbsp; **119487941** |
| **Convertible Bonds & Notes — 0.7%** | **Convertible Bonds & Notes — 0.7%** | **Convertible Bonds & Notes — 0.7%** | **Convertible Bonds & Notes — 0.7%** | **Convertible Bonds & Notes — 0.7%** |
| **Communication Services — 0.6%** | **Communication Services — 0.6%** | **Communication Services — 0.6%** | **Communication Services — 0.6%** | **Communication Services — 0.6%** |
| *Interactive Media & Services — 0.2%* | *Interactive Media & Services — 0.2%* | *Interactive Media & Services — 0.2%* | *Interactive Media & Services — 0.2%* | *Interactive Media & Services — 0.2%* |
| &nbsp;&nbsp;&nbsp; Snap Inc., Senior Notes | &nbsp;&nbsp; 0.500% | &nbsp;&nbsp; 5/1/30 | &nbsp;&nbsp; 4000000<br>| &nbsp;&nbsp;&nbsp; *3440000*<br>|
| *Media — 0.4%* | *Media — 0.4%* | *Media — 0.4%* | *Media — 0.4%* | *Media — 0.4%* |
| &nbsp;&nbsp;&nbsp; Cable One Inc., Senior Notes | &nbsp;&nbsp; 1.125% | &nbsp;&nbsp; 3/15/28 | &nbsp;&nbsp; 12646000<br>| &nbsp;&nbsp;&nbsp; *10824976*<br>|
| **Total Communication Services** | **Total Communication Services** | **Total Communication Services** | **Total Communication Services** | &nbsp;&nbsp; **14264976** |
| **Consumer Discretionary — 0.0%††** | **Consumer Discretionary — 0.0%††** | **Consumer Discretionary — 0.0%††** | **Consumer Discretionary — 0.0%††** | **Consumer Discretionary — 0.0%††** |
| *Automobiles — 0.0%††* | *Automobiles — 0.0%††* | *Automobiles — 0.0%††* | *Automobiles — 0.0%††* | *Automobiles — 0.0%††* |
| &nbsp;&nbsp;&nbsp; Winnebago Industries Inc., Senior Notes | &nbsp;&nbsp; 3.250% | &nbsp;&nbsp; 1/15/30 | &nbsp;&nbsp; 1375000<br>| &nbsp;&nbsp;&nbsp; **1234750**<br>|
| **Information Technology — 0.1%** | **Information Technology — 0.1%** | **Information Technology — 0.1%** | **Information Technology — 0.1%** | **Information Technology — 0.1%** |
| *IT Services — 0.1%* | *IT Services — 0.1%* | *IT Services — 0.1%* | *IT Services — 0.1%* | *IT Services — 0.1%* |
| &nbsp;&nbsp;&nbsp; Block Inc., Senior Notes | &nbsp;&nbsp; 0.250% | &nbsp;&nbsp; 11/1/27 | &nbsp;&nbsp; 2000000<br>| &nbsp;&nbsp;&nbsp; **1826500**<br>|
| **Total Convertible Bonds & Notes (Cost — $16,904,737)** | **Total Convertible Bonds & Notes (Cost — $16,904,737)** | **Total Convertible Bonds & Notes (Cost — $16,904,737)** | **Total Convertible Bonds & Notes (Cost — $16,904,737)** | &nbsp;&nbsp; **17326226** |
| **Asset-Backed Securities — 0.5%** | **Asset-Backed Securities — 0.5%** | **Asset-Backed Securities — 0.5%** | **Asset-Backed Securities — 0.5%** | **Asset-Backed Securities — 0.5%** |
| &nbsp;&nbsp;&nbsp; ALESCO Preferred Funding Ltd., 6A PPNE | &nbsp;&nbsp; — | &nbsp;&nbsp; 3/23/35 | &nbsp;&nbsp; 336608<br>| &nbsp;&nbsp;&nbsp; 147,429<br> \*<sup>(a)(k)(l)(m)</sup><br>|
| &nbsp;&nbsp;&nbsp; ALESCO Preferred Funding Ltd., PNN | &nbsp;&nbsp; — | &nbsp;&nbsp; 3/23/35 | &nbsp;&nbsp; 621631<br>| &nbsp;&nbsp;&nbsp; 285,629<br> \*<sup>(a)(k)(l)(m)</sup><br>|
| &nbsp;&nbsp;&nbsp; Cogent LLC, 2024-1A A2 | &nbsp;&nbsp; 7.924% | &nbsp;&nbsp; 5/25/54 | &nbsp;&nbsp; 5800000<br>| &nbsp;&nbsp;&nbsp; 6039259<br> <sup>(a)(m)</sup><br>|
| &nbsp;&nbsp;&nbsp; Cogent LLC, 2025-1A A2 | &nbsp;&nbsp; 6.646% | &nbsp;&nbsp; 4/25/55 | &nbsp;&nbsp; 3750000<br>| &nbsp;&nbsp;&nbsp; 3850203<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Fort Sheridan CDO Ltd., 2005-1A, PPN2 | &nbsp;&nbsp; — | &nbsp;&nbsp; 11/5/41 | &nbsp;&nbsp; 611948<br>| &nbsp;&nbsp;&nbsp; 325,807<br> \*<sup>(a)(k)(l)(m)</sup><br>|
| &nbsp;&nbsp;&nbsp; Taberna Preferred Funding Ltd., 2005-1A, PPN2 | &nbsp;&nbsp; — | &nbsp;&nbsp; 7/5/35 | &nbsp;&nbsp; 1175564<br>| &nbsp;&nbsp;&nbsp; 539,478<br> \*<sup>(a)(k)(l)(m)</sup><br>|
| **Total Asset-Backed Securities (Cost — $12,123,303)** | **Total Asset-Backed Securities (Cost — $12,123,303)** | **Total Asset-Backed Securities (Cost — $12,123,303)** | **Total Asset-Backed Securities (Cost — $12,123,303)** | &nbsp;&nbsp; **11187805** |
| **Total Investments before Short-Term Investments (Cost — $2,160,921,246)** | **Total Investments before Short-Term Investments (Cost — $2,160,921,246)** | **Total Investments before Short-Term Investments (Cost — $2,160,921,246)** | **Total Investments before Short-Term Investments (Cost — $2,160,921,246)** | &nbsp;&nbsp; **2155333876** |
|  |  |  | Shares |  |
| **Short-Term Investments — 12.0%** | **Short-Term Investments — 12.0%** | **Short-Term Investments — 12.0%** | **Short-Term Investments — 12.0%** | **Short-Term Investments — 12.0%** |
| &nbsp;&nbsp;&nbsp; Western Asset Premier Institutional U.S. Treasury Reserves, <br> Premium Shares (Cost — $293,903,809)  | &nbsp;&nbsp; 4.013% |  | &nbsp;&nbsp; 293903809<br>| &nbsp;&nbsp;&nbsp;&nbsp; **293903809**<br> <sup>(n)(o)</sup><br>|
| **Total Investments — 99.5% (Cost — $2,454,825,055)** | **Total Investments — 99.5% (Cost — $2,454,825,055)** | **Total Investments — 99.5% (Cost — $2,454,825,055)** | **Total Investments — 99.5% (Cost — $2,454,825,055)** | &nbsp;&nbsp; **2449237685** |
| &nbsp;&nbsp;&nbsp; Other Assets in Excess of Liabilities — 0.5% | &nbsp;&nbsp;&nbsp; Other Assets in Excess of Liabilities — 0.5% | &nbsp;&nbsp;&nbsp; Other Assets in Excess of Liabilities — 0.5% | &nbsp;&nbsp;&nbsp; Other Assets in Excess of Liabilities — 0.5% | &nbsp;&nbsp;&nbsp; 13494788 |
| **Total Net Assets — 100.0%** | **Total Net Assets — 100.0%** | **Total Net Assets — 100.0%** | **Total Net Assets — 100.0%** | &nbsp;&nbsp; **$2462732473** |

---

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

See Notes to Schedule of Investments.

------

BrandywineGLOBAL — Corporate Credit Fund 2025 Quarterly Report

------

Schedule of Investments (unaudited) (cont'd)

September 30, 2025

 **BrandywineGLOBAL — Corporate Credit Fund**

---

| | |
|:---|:---|
| †† | Represents less than 0.1%. |
| \* | Non-income producing security. |
| <sup>(a)</sup> | Security is exempt from registration under Rule 144A of the Securities Act of 1933. This security may be resold in transactions that are exempt from <br> registration, normally to qualified institutional buyers. This security has been deemed liquid pursuant to guidelines approved by the Board of Trustees. <br>|
| <sup>(b)</sup> | The coupon payment on this security is currently in default as of September 30, 2025. |
| <sup>(c)</sup> | Payment-in-kind security for which the issuer has the option at each interest payment date of making interest payments in cash or additional securities.  |
| <sup>(d)</sup> | Securities traded on a when-issued or delayed delivery basis. |
| <sup>(e)</sup> | Security is exempt from registration under Regulation S of the Securities Act of 1933. Regulation S applies to securities offerings that are made outside of <br> the United States and do not involve direct selling efforts in the United States. This security has been deemed liquid pursuant to guidelines approved by the <br> Board of Trustees.<br>|
| <sup>(f)</sup> | Security has no maturity date. The date shown represents the next call date. |
| <sup>(g)</sup> | Variable rate security. Interest rate disclosed is as of the most recent information available. Certain variable rate securities are not based on a published <br> reference rate and spread but are determined by the issuer or agent and are based on current market conditions. These securities do not indicate a <br> reference rate and spread in their description above.<br>|
| <sup>(h)</sup> | Interest rates disclosed represent the effective rates on senior loans. Ranges in interest rates are attributable to multiple contracts under the same loan. |
| <sup>(i)</sup> | Senior loans may be considered restricted in that the Fund ordinarily is contractually obligated to receive approval from the agent bank and/or borrower <br> prior to the disposition of a senior loan. <br>|
| <sup>(j)</sup> | All or a portion of this loan has not settled as of September 30, 2025. Interest rates are not effective until settlement date. Interest rates shown, if any, are <br> for the settled portion of the loan.<br>|
| <sup>(k)</sup> | Security is fair valued in accordance with procedures approved by the Board of Trustees (Note 1). |
| <sup>(l)</sup> | Security is valued using significant unobservable inputs (Note 1). |
| <sup>(m)</sup> | Restricted security (Note 3). |
| <sup>(n)</sup> | Rate shown is one-day yield as of the end of the reporting period.  |
| <sup>(o)</sup> | In this instance, as defined in the Investment Company Act of 1940, an "Affiliated Company" represents Fund ownership of at least 5% of the outstanding <br> voting securities of an issuer, or a company which is under common ownership or control with the Fund. At September 30, 2025, the total market value of <br> investments in Affiliated Companies was $293,903,809 and the cost was $293,903,809 (Note 2).<br>|

---

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

---

| | | |
|:---|:---|:---|
| **Abbreviation(s) used in this schedule:** | **Abbreviation(s) used in this schedule:** | **Abbreviation(s) used in this schedule:** |
| CDO |  | Collateralized Debt Obligation |
| DAC |  | Designated Activity Company |
| PIK |  | Payment-In-Kind |
| SOFR |  | Secured Overnight Financing Rate |
| USD |  | United States Dollar |

---

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

See Notes to Schedule of Investments.

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BrandywineGLOBAL — Corporate Credit Fund 2025 Quarterly Report

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Notes to Schedule of Investments (unaudited)

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

**1. Organization and significant accounting policies** 

BrandywineGLOBAL — Corporate Credit Fund (the "Fund") is a separate diversified investment series of Legg Mason Partners Investment Trust (the "Trust"). The Trust, a Maryland statutory trust, is registered under the Investment Company Act of 1940, as amended (the "1940 Act"), as an open-end management investment company.

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

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

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

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

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

The Fund uses valuation techniques to measure fair value that are consistent with the market approach and/or income approach, depending on the type of security and the particular circumstance. The market approach uses prices and other relevant information generated by market transactions involving identical or comparable securities. The income approach uses valuation techniques to discount estimated future cash flows to present value.

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BrandywineGLOBAL — Corporate Credit Fund 2025 Quarterly Report

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

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

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

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

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

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

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| **ASSETS** | **ASSETS** | **ASSETS** | **ASSETS** | **ASSETS** |
| Description | &nbsp;&nbsp; Quoted Prices <br>(Level 1)<br>| &nbsp;&nbsp; Other Significant <br>Observable Inputs <br>(Level 2)<br>| &nbsp;&nbsp; Significant <br>Unobservable <br>Inputs <br>(Level 3)<br>| Total |
| Long-Term Investments†: |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Corporate Bonds & Notes | &nbsp;&nbsp; — | &nbsp;&nbsp; $2007331904 | &nbsp;&nbsp; — | &nbsp;&nbsp; $2007331904 |
| &nbsp;&nbsp;&nbsp; Senior Loans | &nbsp;&nbsp; — | &nbsp;&nbsp; 119487941 | &nbsp;&nbsp; — | &nbsp;&nbsp; 119487941 |
| &nbsp;&nbsp;&nbsp; Convertible Bonds & Notes | &nbsp;&nbsp; — | &nbsp;&nbsp; 17326226 | &nbsp;&nbsp; — | &nbsp;&nbsp; 17326226 |
| &nbsp;&nbsp;&nbsp; Asset-Backed Securities | &nbsp;&nbsp; — | &nbsp;&nbsp; 9889462 | &nbsp;&nbsp; $1298343 | &nbsp;&nbsp; 11187805 |
| Total Long-Term Investments | &nbsp;&nbsp; — | &nbsp;&nbsp; 2154035533 | &nbsp;&nbsp; 1298343 | &nbsp;&nbsp; 2155333876 |
| Short-Term Investments† | &nbsp;&nbsp; $293903809 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 293903809 |
| **Total Investments** | &nbsp;&nbsp; **$293903809** | &nbsp;&nbsp; **$2154035533** | &nbsp;&nbsp; **$1298343** | &nbsp;&nbsp; **$2449237685** |

---

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

† See Schedule of Investments for additional detailed categorizations.

**2. Transactions with affiliated company**

As defined by the 1940 Act, an affiliated company is one in which the Fund owns 5% or more of the outstanding voting securities, or a company which is under common ownership or control with the Fund. The following company was considered an affiliated company for all or some portion of the period ended September 30, 2025. The following transactions were effected in such company for the period ended September 30, 2025. <br>

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | Affiliate <br>Value at <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>December 31, <br>2024 | Purchased | Purchased | Sold | Sold |
|  | Affiliate <br>Value at <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>December 31, <br>2024 | Cost | Shares | Proceeds | Shares |
| Western Asset Premier <br> Institutional U.S. <br> Treasury Reserves, <br> Premium Shares<br>| $218703492 | $744738188 | 744738188 | $669537871 | 669537871 |

---

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| (cont'd) | Realized <br>Gain (Loss)<br>| Dividend <br>Income<br>| Net Increase <br>(Decrease) in <br>Unrealized <br>Appreciation <br>(Depreciation)<br>| Affiliate <br>Value at <br>September 30, <br>2025<br>|
| Western Asset Premier <br> Institutional U.S. Treasury <br> Reserves, Premium Shares<br>|  | $8778771 |  | $293903809 |

---

**3. Restricted securities**

The following Fund investments are restricted as to resale. <br>

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Security | &nbsp;&nbsp; Face <br>Amounts/ <br>Shares<br>| Acquisition <br>Date<br>| Cost | Value Per <br>Unit/Share<br>| &nbsp;&nbsp; Percent of <br>Net Assets<br>|
| ALESCO Preferred <br> Funding Ltd., 6A PPNE<br>| &nbsp;&nbsp; $336608 | 3/05, 1/06 | $336608<br> $147429 <br><sup>(a)(b)</sup><br>| &nbsp;&nbsp; $0.44 | 0.01<br> %<br>|

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BrandywineGLOBAL — Corporate Credit Fund 2025 Quarterly Report

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| Security | &nbsp;&nbsp; Face<br> Amounts/<br> Shares<br>| Acquisition<br> Date<br>| Cost | Value<br> at 9/30/2025<br>| Value Per<br> Unit/Share<br>| &nbsp;&nbsp; Percent of<br> Net Assets<br>|
| ALESCO Preferred <br> Funding Ltd., PNN<br>| &nbsp;&nbsp; $621631 | 12/04, 7/05, 1/06 | $621630 | $285629 <br><sup>(a)(b)</sup><br>| &nbsp;&nbsp; $0.46 | 0.01<br> %<br>|
| Cogent LLC, 2024-1A A2 | &nbsp;&nbsp; $5800000 | 4/24 | 5799829 | 6039259 <br><sup>(a)</sup><br>| 1.04 | 0.25 |
| Fort Sheridan CDO Ltd., <br> 2005-1A, PPN2<br>| &nbsp;&nbsp; $611948 | 3/05, 5/06, 12/09 | 536169 | 325807 <br><sup>(a)(b)</sup><br>| 0.53 | 0.01 |
| Taberna Preferred <br> Funding Ltd., 2005-1A, <br> PPN2<br>| &nbsp;&nbsp; $1175564 | 3/05, 5/06, 12/09 | 1079150 | 539478 <br><sup>(a)(b)</sup><br>| 0.46 | 0.02 |
|  |  |  | **$8373386** | **$7337602** |  | &nbsp;&nbsp; **0.30%** |

---

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

<sup>(a)</sup> Security is exempt from registration under Rule 144A of the Securities Act of 1933. This security may be resold in transactions that are exempt from registration, normally to qualified institutional buyers. This security has been deemed liquid pursuant to guidelines approved by the Board of Trustees. 

<sup>(b)</sup> Security is fair valued in good faith in accordance with procedures approved by the Board of Trustees.

------

BrandywineGLOBAL — Corporate Credit Fund 2025 Quarterly Report

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Legg Mason Partners Investment Trust

- **b. Investment Company Act file number:** 811-06444

- **c. CIK number of Registrant:** 0000880366

- **d. LEI of Registrant:** 5493006N9MF7V29DK342

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

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

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10010

  - **Telephone number:** 1-877-721-1926

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

- **a. Name of Series:** BrandywineGLOBAL - CORPORATE CREDIT FUND

- **b. EDGAR series identifier (if any):** S000071893

- **c. LEI of Series:** 549300XXQVNR5TKP0B38

**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:** $2476454817.99

**Total Liabilities:** $21362369.60

**Net Assets:** $2455092448.39

**Delayed Delivery Securities:** $2800000.00

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 1137.61694616 | **1-Year:** 23710.47260131 | **5-Year:** 44584.53176637 | **10-Year:** 69044.60443528 | **30-Year:** 5385.25349255

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

- **3-Month:** 8203.19496342 | **1-Year:** 182206.83506836 | **5-Year:** 260171.37169320 | **10-Year:** 24159.60382891 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000227488 | 0.35%                | 1.10%                | 0.88%                |
| Class ID C000227489 | 0.27%                | 1.02%                | 0.80%                |
| Class ID C000227491 | 0.34%                | 1.08%                | 0.86%                |
| Class ID C000227490 | 0.36%                | 1.11%                | 0.89%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-112442.34              | $-5028243.18                               |
| Month 2  | $3229413.52              | $12300921.61                               |
| Month 3  | $3128460.87              | $5738184.58                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| VOC ESCROW LTD                                           | VOC Escrow Ltd                                                                  | CUSIP: 91832VAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   1190000 | PA      | $1187637.14   | 0.05%             | 2028-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FAIR ISAAC CORP                                          | Fair Isaac Corp                                                                 | CUSIP: 303250AF1<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | DBT              | CORP              | US        |   4415000 | PA      | $4298990.40   | 0.18%             | 2028-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MERCADOLIBRE INC                                         | MercadoLibre Inc                                                                | CUSIP: 58733RAE2<br>LEI: 549300DKPDN9M5S8GB14 | Long             | DBT              | CORP              | US        |   2725000 | PA      | $2704519.99   | 0.11%             | 2026-01-14      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| CORONADO FINANCE PTY LTD                                 | Coronado Finance Pty Ltd                                                        | CUSIP: 21979LAB2<br>LEI: 549300NS5FS0W548RE27 | Long             | DBT              | CORP              | AU        |   9455000 | PA      | $8332227.26   | 0.34%             | 2029-10-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| SAKS GLOBAL ENTERPRS LLC                                 | Saks Global Enterprises LLC                                                     | CUSIP: 79380MAC9<br>LEI: 5493007HQSJGRH78Q684 | Long             | DBT              | CORP              | US        |    494250 | PA      | $180401.25    | 0.01%             | 2029-12-15      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| GRUBHUB HOLDINGS INC                                     | GrubHub Holdings Inc                                                            | CUSIP: 40010PAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  24754660 | PA      | $24829907.98  | 1.01%             | 2030-07-31      | Fixed         | 13.00%                | No            |                  2 | On Loan: No      |
| LIVE NATION ENTERTAINMEN                                 | Live Nation Entertainment Inc                                                   | CUSIP: 538034AV1<br>LEI: 5493007B9BM9ZXJINO78 | Long             | DBT              | CORP              | US        |  17327000 | PA      | $17501931.83  | 0.71%             | 2027-05-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| CHARLES RIVER LABORATORI                                 | Charles River Laboratories International Inc                                    | CUSIP: 159864AJ6<br>LEI: 549300BSQ0R4UZ5KX287 | Long             | DBT              | CORP              | US        |   5340000 | PA      | $4977154.48   | 0.20%             | 2031-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fort Sheridan ABS CDO Ltd                                | Fort Sheridan ABS CDO Ltd                                                       | CUSIP: 348663AC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |    611948 | PA      | $325806.55    | 0.01%             | 2041-11-05      | Fixed         | 0.00%                 | No            |                  3 | On Loan: No      |
| BW REAL ESTATE INC                                       | BW Real Estate Inc                                                              | CUSIP: 05614HAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5265000 | PA      | $5455008.59   | 0.22%             | N/A             | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| ALLWYN ENTERTAINMENT FIN                                 | Allwyn Entertainment Financing UK PLC                                           | CUSIP: 02007VAA8<br>LEI: 315700J7ZTIN8XGCX365 | Long             | DBT              | CORP              | GB        |  15542000 | PA      | $16137992.65  | 0.66%             | 2029-04-30      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| QVC INC                                                  | QVC Inc                                                                         | CUSIP: 747262AW3<br>LEI: 549300WBLU5NKPX5X472 | Long             | DBT              | CORP              | US        |  23871000 | PA      | $12744464.32  | 0.52%             | 2034-08-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| CI FINANCIAL CORP                                        | CI Financial Corp                                                               | CUSIP: 125491AN0<br>LEI: 549300M9W7JJQSVCEM78 | Long             | DBT              | CORP              | CA        |  10328000 | PA      | $9272324.20   | 0.38%             | 2030-12-17      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| MATIV HOLDINGS INC                                       | Mativ Holdings Inc                                                              | CUSIP: 808541AC0<br>LEI: 549300Z1FU4IDULG1R21 | Long             | DBT              | CORP              | US        |  29002000 | PA      | $28749950.29  | 1.17%             | 2029-10-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| PRA GROUP INC                                            | PRA Group Inc                                                                   | CUSIP: 69354NAD8<br>LEI: 549300Q5HW3JSSB86K27 | Long             | DBT              | CORP              | US        |  14262000 | PA      | $13256337.89  | 0.54%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PROVIDENT FDG/PFG FIN                                    | Provident Funding Associates LP / PFG Finance Corp                              | CUSIP: 74387UAK7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  17725000 | PA      | $18743903.90  | 0.76%             | 2029-09-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| ATLANTICUS HOLDINGS CORP                                 | Atlanticus Holdings Corp                                                        | CUSIP: 04914AAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  11225000 | PA      | $11163274.85  | 0.45%             | 2030-09-01      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| BANK OF NY MELLON CORP                                   | Bank of New York Mellon Corp/The                                                | CUSIP: 064058AL4<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |  10303000 | PA      | $10109596.10  | 0.41%             | N/A             | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| AIR CANADA 2017-1AA PTT                                  | Air Canada 2017-1 Class AA Pass Through Trust                                   | CUSIP: 00908PAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |   4557285 | PA      | $4323380.74   | 0.18%             | 2030-01-15      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| BKV UPSTREAM MIDSTREAM L                                 | BKV Upstream Midstream LLC                                                      | CUSIP: 05619CAA3<br>LEI: 254900LG75NBYHBBAU18 | Long             | DBT              | CORP              | US        |   4595000 | PA      | $4595187.61   | 0.19%             | 2030-10-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| CHORD ENERGY CORP                                        | Chord Energy Corp                                                               | CUSIP: 674215AQ1<br>LEI: 529900FA4V2YNIKZ0M71 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4968311.40   | 0.20%             | 2030-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| UNITED WHOLESALE MTGE LL                                 | United Wholesale Mortgage LLC                                                   | CUSIP: 913229AA8<br>LEI: 549300HW662MN1WU8550 | Long             | DBT              | CORP              | US        |  31981000 | PA      | $31567290.59  | 1.29%             | 2029-04-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Alesco Preferred Funding Ltd                             | ALESCO Preferred Funding VI Ltd                                                 | CUSIP: 01448UAC5<br>LEI: 549300SWFQZMAZ6TV378 | Long             | ABS-CBDO         | CORP              | KY        |    336608 | PA      | $147428.63    | 0.01%             | 2035-03-23      | Fixed         | 0.00%                 | No            |                  3 | On Loan: No      |
| LIVE NATION ENTERTAINMEN                                 | Live Nation Entertainment Inc                                                   | CUSIP: 538034AX7<br>LEI: 5493007B9BM9ZXJINO78 | Long             | DBT              | CORP              | US        |  10493000 | PA      | $10263799.30  | 0.42%             | 2028-01-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| STATION CASINOS LLC                                      | STATION CASINOS LLC                                                             | CUSIP: 85769EBB6<br>LEI: 5493004E7Q60TX54WL62 | Long             | LON              | CORP              | US        |   7949953 | PA      | $7958618.63   | 0.32%             | 2031-03-14      | Floating      | 6.14%                 | No            |                  2 | On Loan: No      |
| FTAI AVIATION INVESTORS                                  | FTAI Aviation Investors LLC                                                     | CUSIP: 34960PAG6<br>LEI: 529900E7PUVK6BC8PE80 | Long             | DBT              | CORP              | US        |   2326000 | PA      | $2436245.42   | 0.10%             | 2032-06-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| CI FINANCIAL CORP                                        | CI Financial Corp                                                               | CUSIP: 125491AT7<br>LEI: 549300M9W7JJQSVCEM78 | Long             | DBT              | CORP              | CA        |  10100000 | PA      | $10768234.48  | 0.44%             | 2029-05-30      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL CALCASIEU                                 | Venture Global Calcasieu Pass LLC                                               | CUSIP: 92328MAA1<br>LEI: 549300GKHS6RS20NLH85 | Long             | DBT              | CORP              | US        |   9000000 | PA      | $8632624.77   | 0.35%             | 2029-08-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| LIBERTY INTERACTIVE LLC                                  | Liberty Interactive LLC                                                         | CUSIP: 530715AJ0<br>LEI: 549300SZUIU7Z32Q0664 | Long             | DBT              | CORP              | US        |   2916000 | PA      | $408240.00    | 0.02%             | 2030-02-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| LONG RIDGE ENERGY LLC                                    | LONG RIDGE ENERGY LLC                                                           | CUSIP: 000000000<br>LEI: 984500764EC9AZ2FC764 | Long             | LON              | CORP              | US        |  12686250 | PA      | $12442420.28  | 0.51%             | 2032-02-19      | Floating      | 8.63%                 | No            |                  2 | On Loan: No      |
| IQVIA INC                                                | IQVIA Inc                                                                       | CUSIP: 449934AD0<br>LEI: 549300PLWY28YB00C717 | Long             | DBT              | CORP              | US        |  20635000 | PA      | $20628291.56  | 0.84%             | 2026-10-15      | 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        |   6939000 | PA      | $7205443.72   | 0.29%             | 2032-02-15      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| WHIRLPOOL CORP                                           | Whirlpool Corp                                                                  | CUSIP: 963320BD7<br>LEI: WHENKOULSSK7WUM60H03 | Long             | DBT              | CORP              | US        |   2750000 | PA      | $2773986.16   | 0.11%             | 2030-06-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| STATION CASINOS LLC                                      | Station Casinos LLC                                                             | CUSIP: 857691AJ8<br>LEI: 5493004E7Q60TX54WL62 | Long             | DBT              | CORP              | US        |    500000 | PA      | $513979.50    | 0.02%             | 2032-03-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| KIOXIA HOLDINGS CORP                                     | Kioxia Holdings Corp                                                            | CUSIP: 49726JAA6<br>LEI: 35380080RTKRARNH4R73 | Long             | DBT              | CORP              | JP        |   8500000 | PA      | $8679639.00   | 0.35%             | 2030-07-24      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| ELASTIC NV                                               | Elastic NV                                                                      | CUSIP: 28415LAA1<br>LEI: 2549003I48WHHH937I59 | Long             | DBT              | CORP              | NL        |   2050000 | PA      | $1970231.22   | 0.08%             | 2029-07-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| ENERGEAN ISRAEL FINANCE                                  | Energean Israel Finance Ltd                                                     | CUSIP: 000000000<br>LEI: 98450044QACBL3F8EB03 | Long             | DBT              | CORP              | IL        |   8585000 | PA      | $8446191.28   | 0.34%             | 2028-03-30      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| ANGI GROUP LLC                                           | ANGI Group LLC                                                                  | CUSIP: 001846AA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  22423000 | PA      | $21094437.25  | 0.86%             | 2028-08-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| UTAH ACQUISITION SUB                                     | Utah Acquisition Sub Inc                                                        | CUSIP: 62854AAP9<br>LEI: 254900JOFV74IJ7H9933 | Long             | DBT              | CORP              | US        |   5712000 | PA      | $4749300.03   | 0.19%             | 2046-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MOLINA HEALTHCARE INC                                    | Molina Healthcare Inc                                                           | CUSIP: 60855RAJ9<br>LEI: 549300NQQCEQ46YHZ591 | Long             | DBT              | CORP              | US        |  12548000 | PA      | $12248838.24  | 0.50%             | 2028-06-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| CABLE ONE INC                                            | Cable One Inc                                                                   | CUSIP: 12685JAG0<br>LEI: 549300648QS85T0XSH18 | Long             | DBT              | CORP              | US        |  12646000 | PA      | $10824976.00  | 0.44%             | 2028-03-15      | Fixed         | 1.12%                 | No            |                  2 | On Loan: No      |
| CHARLES SCHWAB CORP                                      | Charles Schwab Corp/The                                                         | CUSIP: 808513BK0<br>LEI: 549300VSGCJ7E698NM85 | Long             | DBT              | CORP              | US        |  12050000 | PA      | $11927764.80  | 0.49%             | N/A             | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CAL EDISON                                      | Southern California Edison Co                                                   | CUSIP: 842400GR8<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |   3600000 | PA      | $3048322.21   | 0.12%             | 2049-03-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| MINERAL RESOURCES LTD                                    | Mineral Resources Ltd                                                           | CUSIP: 603051AC7<br>LEI: 5299007V1ACKFFX2P066 | Long             | DBT              | CORP              | AU        |   2554000 | PA      | $2605435.21   | 0.11%             | 2027-11-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| OCCIDENTAL PETROLEUM COR                                 | Occidental Petroleum Corp                                                       | CUSIP: 674599DJ1<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |   6100000 | PA      | $6204194.10   | 0.25%             | 2040-03-15      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| CHARLES RIVER LABORATORI                                 | Charles River Laboratories International Inc                                    | CUSIP: 159864AE7<br>LEI: 549300BSQ0R4UZ5KX287 | Long             | DBT              | CORP              | US        |  21275000 | PA      | $20826780.43  | 0.85%             | 2028-05-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| ROCKIES EXPRESS PIPELINE                                 | Rockies Express Pipeline LLC                                                    | CUSIP: 77340RAT4<br>LEI: W2ZGZGZKY5GGNY6F3V51 | Long             | DBT              | CORP              | US        |   6142000 | PA      | $6001426.20   | 0.24%             | 2030-05-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Cogent IPv4 LLC                                          | Cogent Ipv4 LLC                                                                 | CUSIP: 19240JAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3750000 | PA      | $3850203.38   | 0.16%             | 2055-04-25      | Fixed         | 6.65%                 | No            |                  2 | On Loan: No      |
| FAIR ISAAC CORP                                          | Fair Isaac Corp                                                                 | CUSIP: 303250AG9<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | DBT              | CORP              | US        |  18450000 | PA      | $18725701.49  | 0.76%             | 2033-05-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| EMRLD BOR / EMRLD CO-ISS                                 | EMRLD Borrower LP / Emerald Co-Issuer Inc                                       | CUSIP: 29103CAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   6300000 | PA      | $6483953.70   | 0.26%             | 2030-12-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                      | JPMorgan Chase & Co                                                             | CUSIP: 48128BAN1<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |  13728000 | PA      | $13594217.89  | 0.55%             | N/A             | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| AMWINS GROUP INC                                         | AMWINS GROUP INC                                                                | CUSIP: 03234TBA5<br>LEI: 549300SJE7MUB8NMRG61 | Long             | LON              | CORP              | US        |  10421250 | PA      | $10427971.71  | 0.42%             | 2032-01-30      | Floating      | 6.41%                 | No            |                  2 | On Loan: No      |
| LCPR SR SECURED FIN DAC                                  | LCPR Senior Secured Financing DAC                                               | CUSIP: 50201DAA1<br>LEI: 549300LE5FM8IKMXSP90 | Long             | DBT              | CORP              | IE        |  18329000 | PA      | $10990246.37  | 0.45%             | 2027-10-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| NMI HOLDINGS                                             | NMI Holdings Inc                                                                | CUSIP: 629209AC1<br>LEI: 529900KNNGFXJX1C3Z08 | Long             | DBT              | CORP              | US        |    753000 | PA      | $779196.87    | 0.03%             | 2029-08-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Taberna Prefered Funding Ltd                             | Taberna Preferred Funding I Ltd                                                 | CUSIP: 87330LAG6<br>LEI: 549300UVUFF52P87TF20 | Long             | ABS-CBDO         | CORP              | KY        |   1175564 | PA      | $539478.31    | 0.02%             | 2035-07-05      | Fixed         | 0.00%                 | No            |                  3 | On Loan: No      |
| BRUNDAGE-BONE CONCRETE                                   | Brundage-Bone Concrete Pumping Holdings Inc                                     | CUSIP: 66981QAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  21038000 | PA      | $21273751.83  | 0.87%             | 2032-02-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CAL EDISON                                      | Southern California Edison Co                                                   | CUSIP: 842400GG2<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |   6250000 | PA      | $4735491.88   | 0.19%             | 2047-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BLOCK INC                                                | Block Inc                                                                       | CUSIP: 852234AT0<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |   7250000 | PA      | $7350833.00   | 0.30%             | 2030-08-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES                                  | Royal Caribbean Cruises Ltd                                                     | CUSIP: 780153BJ0<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |   2510000 | PA      | $2520802.46   | 0.10%             | 2026-08-31      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| APTIV SWISS HOLDINGS LTD                                 | Aptiv Swiss Holdings Ltd                                                        | CUSIP: 00217GAC7<br>LEI: N/A                  | Long             | DBT              | CORP              | JE        |   1550000 | PA      | $1173169.72   | 0.05%             | 2052-05-01      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| FREEDOM MORTGAGE CORP                                    | Freedom Mortgage Corp                                                           | CUSIP: 35640YAJ6<br>LEI: 549300LYRWPSYPK6S325 | Long             | DBT              | CORP              | US        |   9625000 | PA      | $9611756.00   | 0.39%             | 2027-01-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| VIKING CRUISES LTD                                       | Viking Cruises Ltd                                                              | CUSIP: 92676XAG2<br>LEI: 549300IJP90T4MV2GL84 | Long             | DBT              | CORP              | BM        |  15303000 | PA      | $16436263.67  | 0.67%             | 2031-07-15      | Fixed         | 9.12%                 | No            |                  2 | On Loan: No      |
| SM ENERGY CO                                             | SM Energy Co                                                                    | CUSIP: 78454LAW0<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | DBT              | CORP              | US        |   6160000 | PA      | $6204616.88   | 0.25%             | 2028-07-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| RAIZEN FUELS FINANCE                                     | Raizen Fuels Finance SA                                                         | CUSIP: 75102XAF3<br>LEI: 52990010NH26VC32Q522 | Long             | DBT              | CORP              | LU        |    750000 | PA      | $732937.50    | 0.03%             | 2032-07-08      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| GOEASY LTD                                               | goeasy Ltd                                                                      | CUSIP: 380355AH0<br>LEI: 5493009DJVZG2P8YV435 | Long             | DBT              | CORP              | CA        |   8457000 | PA      | $8832363.95   | 0.36%             | 2028-12-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| HEALTHEQUITY INC                                         | HealthEquity Inc                                                                | CUSIP: 42226AAA5<br>LEI: 529900LRJU1RAFQHM467 | Long             | DBT              | CORP              | US        |   1042000 | PA      | $1011651.96   | 0.04%             | 2029-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ZF NA CAPITAL                                            | ZF North America Capital Inc                                                    | CUSIP: 98877DAF2<br>LEI: 529900JYGMS9CW9IQX78 | Long             | DBT              | CORP              | US        |  22604000 | PA      | $22075615.68  | 0.90%             | 2030-04-23      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ORGANON & CO/ORGANON FOR                                 | Organon & Co / Organon Foreign Debt Co-Issuer BV                                | CUSIP: 68622FAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  14488000 | PA      | $13910458.92  | 0.57%             | 2034-05-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| FREEDOM MORTGAGE CORP                                    | Freedom Mortgage Corp                                                           | CUSIP: 35640YAK3<br>LEI: 549300LYRWPSYPK6S325 | Long             | DBT              | CORP              | US        |   4955000 | PA      | $5252300.00   | 0.21%             | 2028-10-01      | Fixed         | 12.00%                | No            |                  2 | On Loan: No      |
| UNITED AIRLINES INC                                      | United Airlines Inc                                                             | CUSIP: 90932LAG2<br>LEI: K1OQBWM7XEOO08LDNP29 | Long             | DBT              | CORP              | US        |   5678000 | PA      | $5674162.30   | 0.23%             | 2026-04-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| FIRSTCASH INC                                            | FirstCash Inc                                                                   | CUSIP: 31944TAA8<br>LEI: 549300V2X3UU7K0DG350 | Long             | DBT              | CORP              | US        |  21526000 | PA      | $21512651.73  | 0.88%             | 2030-01-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| VIKING CRUISES LTD                                       | Viking Cruises Ltd                                                              | CUSIP: 92676XAF4<br>LEI: 549300IJP90T4MV2GL84 | Long             | DBT              | CORP              | BM        |  13843000 | PA      | $13922085.06  | 0.57%             | 2029-02-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| CITADEL FINANCE LLC                                      | Citadel Finance LLC                                                             | CUSIP: 17287HAD2<br>LEI: 549300BQL283NCR7P163 | Long             | DBT              | CORP              | US        |  10641000 | PA      | $10799910.67  | 0.44%             | 2030-02-10      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| QORVO INC                                                | Qorvo Inc                                                                       | CUSIP: 74736KAJ0<br>LEI: 254900YAUJV2EUEVBR11 | Long             | DBT              | CORP              | US        |  12564000 | PA      | $11554762.78  | 0.47%             | 2031-04-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| FORTREA HOLDINGS INC                                     | Fortrea Holdings Inc                                                            | CUSIP: 34965KAA5<br>LEI: 5493000FIVFABOVCDU97 | Long             | DBT              | CORP              | US        |  15405000 | PA      | $14606871.57  | 0.59%             | 2030-07-01      | Fixed         | 7.50%                 | 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        |  32876000 | PA      | $33873819.48  | 1.38%             | 2031-02-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                                 | Ford Motor Credit Co LLC                                                        | CUSIP: 345397B28<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   2558000 | PA      | $2553394.68   | 0.10%             | 2025-11-13      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| XPO INC                                                  | XPO Inc                                                                         | CUSIP: 98379KAA0<br>LEI: 54930096DB9LCLPN7H13 | Long             | DBT              | CORP              | US        |    654000 | PA      | $667641.37    | 0.03%             | 2028-06-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| FMC CORP                                                 | FMC Corp                                                                        | CUSIP: 302491AY1<br>LEI: CKDHZ2X64EEBQCSP7013 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1976724.84   | 0.08%             | 2053-05-18      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| STRATHCONA RESOURCES                                     | Strathcona Resources Ltd/Alberta                                                | CUSIP: 86304TAA6<br>LEI: 549300YNIUISTSZMLF56 | Long             | DBT              | CORP              | CA        |   8318000 | PA      | $8329403.98   | 0.34%             | 2026-08-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| NOKIA OYJ                                                | Nokia Oyj                                                                       | CUSIP: 654902AC9<br>LEI: 549300A0JPRWG1KI7U06 | Long             | DBT              | CORP              | FI        |  11223000 | PA      | $11816158.00  | 0.48%             | 2039-05-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| TOPBUILD CORP                                            | TopBuild Corp                                                                   | CUSIP: 89055FAD5<br>LEI: 5493007YSKHOL4RWII46 | Long             | DBT              | CORP              | US        |   7600000 | PA      | $7577730.78   | 0.31%             | 2034-01-31      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| XP INC                                                   | XP Inc                                                                          | CUSIP: 98379XAB0<br>LEI: 5493008KDA8NBZRJST80 | Long             | DBT              | CORP              | KY        |   6700000 | PA      | $6889871.30   | 0.28%             | 2029-07-02      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| BURFORD CAPITAL GLBL FIN                                 | Burford Capital Global Finance LLC                                              | CUSIP: 12116LAA7<br>LEI: 549300JVAOO67CSCH406 | Long             | DBT              | CORP              | US        |   3770000 | PA      | $3779779.38   | 0.15%             | 2028-04-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| JEFFERSON CAPITAL HOLDIN                                 | Jefferson Capital Holdings LLC                                                  | CUSIP: 472481AB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  24952000 | PA      | $26369997.21  | 1.07%             | 2029-02-15      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| CREDIT ACCEPTANC                                         | Credit Acceptance Corp                                                          | CUSIP: 225310AS0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    700000 | PA      | $702474.50    | 0.03%             | 2030-03-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| FNZ USA FINCO                                            | FNZ USA FINCO                                                                   | CUSIP: 30339HAD3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   6467500 | PA      | $5235990.99   | 0.21%             | 2031-11-05      | Floating      | 9.32%                 | No            |                  2 | On Loan: No      |
| SOCIETE GENERALE                                         | Societe Generale SA                                                             | CUSIP: 83368RBB7<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |   4925000 | PA      | $3690996.04   | 0.15%             | 2041-03-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| ASHLAND INC                                              | Ashland Inc                                                                     | CUSIP: 044209AM6<br>LEI: 529900E4L9R04SB8HB11 | Long             | DBT              | CORP              | US        |   8530000 | PA      | $8952124.11   | 0.36%             | 2043-05-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| BURFORD CAPITAL GLBL FIN                                 | Burford Capital Global Finance LLC                                              | CUSIP: 12116LAC3<br>LEI: 549300JVAOO67CSCH406 | Long             | DBT              | CORP              | US        |  28688000 | PA      | $28862091.98  | 1.18%             | 2030-04-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                                             | UBS Group AG                                                                    | CUSIP: 902613AJ7<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |   4535000 | PA      | $4481014.45   | 0.18%             | N/A             | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| BURFORD CAPITAL GLBL FIN                                 | Burford Capital Global Finance LLC                                              | CUSIP: 12116LAG4<br>LEI: 549300JVAOO67CSCH406 | Long             | DBT              | CORP              | US        |   3800000 | PA      | $3871630.00   | 0.16%             | 2033-07-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| FIRST AMERICAN FINANCIAL                                 | First American Financial Corp                                                   | CUSIP: 31847RAJ1<br>LEI: 549300B6VEZK3N0A1P55 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1003558.77   | 0.04%             | 2034-09-30      | Fixed         | 5.45%                 | 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        |   4353000 | PA      | $4386992.58   | 0.18%             | 2028-02-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| CENTURY COMMUNITIES                                      | Century Communities Inc                                                         | CUSIP: 156504AM4<br>LEI: 5299002QMB2O7ZL1CA26 | Long             | DBT              | CORP              | US        |    267000 | PA      | $251421.16    | 0.01%             | 2029-08-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| VIATRIS INC                                              | Viatris Inc                                                                     | CUSIP: 92556VAE6<br>LEI: 254900ZZTSW7NL773X71 | Long             | DBT              | CORP              | US        |   5225000 | PA      | $3986586.12   | 0.16%             | 2040-06-22      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| MINERAL RESOURCES LTD                                    | Mineral Resources Ltd                                                           | CUSIP: 603051AA1<br>LEI: 5299007V1ACKFFX2P066 | Long             | DBT              | CORP              | AU        |  23956000 | PA      | $23970157.76  | 0.98%             | 2027-05-01      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                            | Citigroup Inc                                                                   | CUSIP: 172967MV0<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |  23454000 | PA      | $23263246.27  | 0.95%             | N/A             | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| ALESCO PREFERRED FUNDING LTD                             | ALESCO PFD VAR 03/23/35                                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    621631 | PA      | $285628.61    | 0.01%             | 2035-03-23      | Fixed         | 0.00%                 | No            |                  3 | On Loan: No      |
| POPULAR INC                                              | Popular Inc                                                                     | CUSIP: 733174AL0<br>LEI: 5493008CARDZMVQ3LO89 | Long             | DBT              | CORP              | US        |  10421000 | PA      | $10895165.92  | 0.44%             | 2028-03-13      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| UNITED WHOLESALE MTGE LL                                 | United Wholesale Mortgage LLC                                                   | CUSIP: 913229AC4<br>LEI: 549300HW662MN1WU8550 | Long             | DBT              | CORP              | US        |   8120000 | PA      | $8121839.18   | 0.33%             | 2027-06-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| TRINET GROUP INC                                         | TriNet Group Inc                                                                | CUSIP: 896288AA5<br>LEI: 5299003FJVBETSFKE990 | Long             | DBT              | CORP              | US        |   5630000 | PA      | $5271079.06   | 0.21%             | 2029-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| OWENS & MINOR INC                                        | Owens & Minor Inc                                                               | CUSIP: 690732AG7<br>LEI: 549300LMT5KQQXCEZ733 | Long             | DBT              | CORP              | US        |   8955000 | PA      | $7396292.70   | 0.30%             | 2030-04-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| ALTICE FRANCE SA                                         | Altice France SA                                                                | CUSIP: 02156LAA9<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |   3550000 | PA      | $3396339.03   | 0.14%             | 2027-02-01      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| SOCIETE GENERALE                                         | Societe Generale SA                                                             | CUSIP: 83368RBK7<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |   3555000 | PA      | $2767794.31   | 0.11%             | 2043-01-21      | Fixed         | 4.03%                 | No            |                  2 | On Loan: No      |
| TITAN INTERNATIONAL INC                                  | Titan International Inc                                                         | CUSIP: 88830MAM4<br>LEI: 254900CXRGBE7C4B5A06 | Long             | DBT              | CORP              | US        |   6727000 | PA      | $6740702.90   | 0.27%             | 2028-04-30      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                                             | UBS Group AG                                                                    | CUSIP: 902613AG3<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |   5000000 | PA      | $4938268.00   | 0.20%             | N/A             | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| RAIZEN FUELS FINANCE                                     | Raizen Fuels Finance SA                                                         | CUSIP: 75102XAD8<br>LEI: 52990010NH26VC32Q522 | Long             | DBT              | CORP              | LU        |   9400000 | PA      | $8665390.00   | 0.35%             | 2035-01-17      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| CLEVELAND-CLIFFS INC                                     | Cleveland-Cliffs Inc                                                            | CUSIP: 185899AS0<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |   8255000 | PA      | $8514421.88   | 0.35%             | 2031-09-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| ARKO CORP                                                | Arko Corp                                                                       | CUSIP: 041242AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  18968000 | PA      | $16104289.13  | 0.66%             | 2029-11-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| AMAZON HOLDCO INC                                        | AMAZON HOLDCO INC                                                               | CUSIP: 02351XAB4<br>LEI: 2549009FJIBLW40CU216 | Long             | LON              | CORP              | US        |   3402748 | PA      | $3406473.84   | 0.14%             | 2031-09-29      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| J&J VENTURES GAMING LLC                                  | J&J VENTURES GAMING LLC                                                         | CUSIP: 46604BAH1<br>LEI: 549300BYPH8FLKS5ZS70 | Long             | LON              | CORP              | US        |   7900300 | PA      | $7829947.83   | 0.32%             | 2030-04-26      | Floating      | 7.65%                 | No            |                  2 | On Loan: No      |
| BRITISH AIR 19-1 AA PTT                                  | British Airways 2019-1 Class AA Pass Through Trust                              | CUSIP: 11043XAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4175254 | PA      | $3956044.08   | 0.16%             | 2032-12-15      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| SABRE GLBL INC                                           | Sabre GLBL Inc                                                                  | CUSIP: 78573NAM4<br>LEI: F2TJC7HPPHLHU1AQMP98 | Long             | DBT              | CORP              | US        |  11995000 | PA      | $11631551.50  | 0.47%             | 2030-07-15      | Fixed         | 11.12%                | No            |                  2 | On Loan: No      |
| GRAHAM HOLDINGS CO                                       | Graham Holdings Co                                                              | CUSIP: 384637AA2<br>LEI: 529900BOSCEEEMAFQJ29 | Long             | DBT              | CORP              | US        |  22903000 | PA      | $22919776.45  | 0.93%             | 2026-06-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| GAP INC/THE                                              | Gap Inc/The                                                                     | CUSIP: 364760AQ1<br>LEI: T2ZG1WRWZ4BUCMQL9224 | Long             | DBT              | CORP              | US        |   7283000 | PA      | $6653834.01   | 0.27%             | 2031-10-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| CONCENTRIX CORP                                          | Concentrix Corp                                                                 | CUSIP: 20602DAC5<br>LEI: 5493000EAJN1KMPVA737 | Long             | DBT              | CORP              | US        |   8837000 | PA      | $9177017.54   | 0.37%             | 2033-08-02      | Fixed         | 6.85%                 | No            |                  2 | On Loan: No      |
| TEINE ENERGY LTD                                         | Teine Energy Ltd                                                                | CUSIP: 879068AB0<br>LEI: 894500JBC83AX7PYEU16 | Long             | DBT              | CORP              | CA        |  19458000 | PA      | $19215726.50  | 0.78%             | 2029-04-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| BANK OF NY MELLON CORP                                   | Bank of New York Mellon Corp/The                                                | CUSIP: 064058AJ9<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |   1863000 | PA      | $1846602.99   | 0.08%             | N/A             | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| XHR LP                                                   | XHR LP                                                                          | CUSIP: 98372MAC9<br>LEI: 549300M88BPT83ZL2164 | Long             | DBT              | CORP              | US        |   4107000 | PA      | $4025735.20   | 0.16%             | 2029-06-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| TRIPADVISOR INC                                          | TRIPADVISOR INC                                                                 | CUSIP: 89677NAE4<br>LEI: 549300XVG45PT5BART17 | Long             | LON              | CORP              | US        |  20312293 | PA      | $19956828.29  | 0.81%             | 2031-07-08      | Floating      | 6.88%                 | No            |                  2 | On Loan: No      |
| JETBLUE AIRWAYS CORP                                     | JetBlue 2020-1 Class A Pass Through Trust                                       | CUSIP: 477164AA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   8349285 | PA      | $7870348.75   | 0.32%             | 2032-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ECOPETROL SA                                             | Ecopetrol SA                                                                    | CUSIP: 279158AJ8<br>LEI: 254900IDGKCJICKBPA66 | Long             | DBT              | CORP              | CO        |  14115000 | PA      | $10805921.75  | 0.44%             | 2045-05-28      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| NATIONSTAR MTG HLD INC                                   | Nationstar Mortgage Holdings Inc                                                | CUSIP: 63861CAC3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   7030000 | PA      | $7030000.00   | 0.29%             | 2028-08-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| WESTERN ALLIANCE BANCORP                                 | Western Alliance Bancorp                                                        | CUSIP: 957638AD1<br>LEI: 5493003VJXZ5JXT9S762 | Long             | DBT              | CORP              | US        |  14718000 | PA      | $14311783.20  | 0.58%             | 2031-06-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| SGUS LLC                                                 | SGUS LLC                                                                        | CUSIP: 81880AAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   7183250 | PA      | $6843309.95   | 0.28%             | 2029-12-15      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| EG GLOBAL FINANCE PLC                                    | EG Global Finance PLC                                                           | CUSIP: 28228PAC5<br>LEI: 549300TL8Q5207VYET27 | Long             | DBT              | CORP              | GB        |  14227000 | PA      | $15646797.69  | 0.64%             | 2028-11-30      | Fixed         | 12.00%                | No            |                  2 | On Loan: No      |
| FORESTAR GROUP INC                                       | Forestar Group Inc                                                              | CUSIP: 346232AE1<br>LEI: 549300BC2UB0GHV60V70 | Long             | DBT              | CORP              | US        |  19154000 | PA      | $18989585.89  | 0.77%             | 2028-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MOLINA HEALTHCARE INC                                    | Molina Healthcare Inc                                                           | CUSIP: 60855RAM2<br>LEI: 549300NQQCEQ46YHZ591 | Long             | DBT              | CORP              | US        |   3850000 | PA      | $3896273.15   | 0.16%             | 2033-01-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| PHINIA INC                                               | Phinia Inc                                                                      | CUSIP: 71880KAA9<br>LEI: 254900HG6MORZE1FFM18 | Long             | DBT              | CORP              | US        |   3236000 | PA      | $3337741.65   | 0.14%             | 2029-04-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| SABRE GLBL INC                                           | Sabre GLBL Inc                                                                  | CUSIP: 78573NAL6<br>LEI: F2TJC7HPPHLHU1AQMP98 | Long             | DBT              | CORP              | US        |  15518000 | PA      | $15054769.70  | 0.61%             | 2029-11-15      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| RHP HOTEL PROPERTIES LP                                  | RHP HOTEL PROPERTIES LP                                                         | CUSIP: 74958NAL0<br>LEI: 549300SJMSMA2471GA96 | Long             | LON              | CORP              | US        |   2905897 | PA      | $2915588.65   | 0.12%             | 2030-05-20      | Floating      | 6.13%                 | No            |                  2 | On Loan: No      |
| RHP HOTEL PPTY/RHP FINAN                                 | RHP Hotel Properties LP / RHP Finance Corp                                      | CUSIP: 749571AF2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3256000 | PA      | $3243967.45   | 0.13%             | 2027-10-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CABLE ONE INC                                            | Cable One Inc                                                                   | CUSIP: 12685JAC9<br>LEI: 549300648QS85T0XSH18 | Long             | DBT              | CORP              | US        |   8958000 | PA      | $7598447.92   | 0.31%             | 2030-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CERDIA FINANZ GMBH                                       | Cerdia Finanz GmbH                                                              | CUSIP: 15679GAC6<br>LEI: 391200KURNDJSX9GX570 | Long             | DBT              | CORP              | DE        |  17260000 | PA      | $18317175.00  | 0.75%             | 2031-10-03      | Fixed         | 9.38%                 | 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        |   9095000 | PA      | $8631498.79   | 0.35%             | 2029-02-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| CLEVELAND-CLIFFS INC                                     | Cleveland-Cliffs Inc                                                            | CUSIP: 18589GAA3<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |   3250000 | PA      | $3350945.03   | 0.14%             | 2034-01-15      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| LIBERTY INTERACTIVE LLC                                  | Liberty Interactive LLC                                                         | CUSIP: 530715AD3<br>LEI: 549300SZUIU7Z32Q0664 | Long             | DBT              | CORP              | US        |  11338000 | PA      | $1856597.50   | 0.08%             | 2029-07-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| VIKING CRUISES LTD                                       | Viking Cruises Ltd                                                              | CUSIP: 92676XAD9<br>LEI: 549300IJP90T4MV2GL84 | Long             | DBT              | CORP              | BM        |  19455000 | PA      | $19475311.02  | 0.79%             | 2027-09-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| IQVIA INC                                                | IQVIA Inc                                                                       | CUSIP: 46266TAG3<br>LEI: 549300PLWY28YB00C717 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $4117564.00   | 0.17%             | 2032-06-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| JEFFERIES FIN LLC / JFIN                                 | Jefferies Finance LLC / JFIN Co-Issuer Corp                                     | CUSIP: 47232MAG7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  16375000 | PA      | $16496972.79  | 0.67%             | 2031-10-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| REGAL REXNORD CORP                                       | Regal Rexnord Corp                                                              | CUSIP: 758750AL7<br>LEI: QH78R09VCJGQKPBPYU33 | Long             | DBT              | CORP              | US        |  11198000 | PA      | $11253712.51  | 0.46%             | 2026-02-15      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| OCCIDENTAL PETROLEUM COR                                 | Occidental Petroleum Corp                                                       | CUSIP: 674599CY9<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |   1270000 | PA      | $945675.15    | 0.04%             | 2049-08-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| MILLROSE PROPERTIES INC                                  | Millrose Properties Inc                                                         | CUSIP: 601137AA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  11000000 | PA      | $11195360.00  | 0.46%             | 2030-08-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| PHINIA INC                                               | Phinia Inc                                                                      | CUSIP: 71880KAB7<br>LEI: 254900HG6MORZE1FFM18 | Long             | DBT              | CORP              | US        |   7540000 | PA      | $7777645.72   | 0.32%             | 2032-10-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| KNIFE RIVER CORP                                         | KNIFE RIVER HOLD CO                                                             | CUSIP: 49889LAD8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2985000 | PA      | $2995268.40   | 0.12%             | 2032-03-08      | Floating      | 6.13%                 | 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        |   5000000 | PA      | $4863852.00   | 0.20%             | 2029-05-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES                                  | Royal Caribbean Cruises Ltd                                                     | CUSIP: 780153BH4<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |   1500000 | PA      | $1499185.40   | 0.06%             | 2026-07-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                    | Wells Fargo & Co                                                                | CUSIP: 949746TD3<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |  32462000 | PA      | $32185212.76  | 1.31%             | N/A             | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| UNITED WHOLESALE MTGE LL                                 | United Wholesale Mortgage LLC                                                   | CUSIP: 91153LAA5<br>LEI: 549300HW662MN1WU8550 | Long             | DBT              | CORP              | US        |   8287000 | PA      | $8289416.49   | 0.34%             | 2025-11-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| WILDFIRE INTERMEDIATE HO                                 | Wildfire Intermediate Holdings LLC                                              | CUSIP: 96812HAA6<br>LEI: 5493003RHEMQJZEXIR02 | Long             | DBT              | CORP              | US        |   8500000 | PA      | $8609437.50   | 0.35%             | 2029-10-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| SM ENERGY CO                                             | SM Energy Co                                                                    | CUSIP: 78454LAN0<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | DBT              | CORP              | US        |   5850000 | PA      | $5852301.98   | 0.24%             | 2026-09-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| XPLR INFRAST OPERATING                                   | XPLR Infrastructure Operating Partners LP                                       | CUSIP: 98380MAA3<br>LEI: 549300KJEC5IUVJWR786 | Long             | DBT              | CORP              | US        |   7460000 | PA      | $7823898.80   | 0.32%             | 2031-01-15      | Fixed         | 8.38%                 | 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        |  26563000 | PA      | $22971815.22  | 0.94%             | 2029-06-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| BALDWIN INSUR GRP/FIN                                    | Baldwin Insurance Group Holdings LLC / Baldwin Insurance Group Holdings Finance | CUSIP: 05825XAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  10542000 | PA      | $10951820.25  | 0.45%             | 2031-05-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| Cogent IPv4 LLC                                          | Cogent Ipv4 LLC                                                                 | CUSIP: 19240JAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5800000 | PA      | $6039259.28   | 0.25%             | 2054-05-25      | Fixed         | 7.92%                 | No            |                  2 | On Loan: No      |
| PANTHER ESCROW ISSUER                                    | Panther Escrow Issuer LLC                                                       | CUSIP: 69867RAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  20240000 | PA      | $21066156.32  | 0.86%             | 2031-06-01      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| DREAM FINDERS HOMES INC                                  | Dream Finders Homes Inc                                                         | CUSIP: 26154DAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  15865000 | PA      | $16473581.40  | 0.67%             | 2028-08-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| AMERITEX HOLDCO INTERMED                                 | AmeriTex HoldCo Intermediate LLC                                                | CUSIP: 030727AB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4975000 | PA      | $5182624.21   | 0.21%             | 2033-08-15      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                            | TransDigm Inc                                                                   | CUSIP: 893647BU0<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |   6153000 | PA      | $6298524.60   | 0.26%             | 2029-03-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| TRUIST INSURANCE HOLDING                                 | TRUIST INSURANCE HOLDING                                                        | CUSIP: 89788VAG7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   6975806 | PA      | $6986723.59   | 0.28%             | 2031-05-06      | Floating      | 6.81%                 | No            |                  2 | On Loan: No      |
| CENTENE CORP                                             | Centene Corp                                                                    | CUSIP: 15135BAT8<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |   3631000 | PA      | $3522909.56   | 0.14%             | 2029-12-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| JEFFERSON CAPITAL HOLDIN                                 | Jefferson Capital Holdings LLC                                                  | CUSIP: 472481AC4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   6550000 | PA      | $6855852.25   | 0.28%             | 2030-05-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| ARDONAGH GROUP LTD                                       | ARDONAGH GROUP FINCO PTY LTD                                                    | CUSIP: 000000000<br>LEI: 254900YP2E642AGM4G32 | Long             | LON              | CORP              | AU        |  18158750 | PA      | $18105817.24  | 0.74%             | 2031-02-18      | Floating      | 7.19%                 | No            |                  2 | On Loan: No      |
| KRAKEN OIL & GAS PARTNER                                 | Kraken Oil & Gas Partners LLC                                                   | CUSIP: 50076PAA6<br>LEI: 549300DR5HSL4YAU3X12 | Long             | DBT              | CORP              | US        |   3950000 | PA      | $3918385.39   | 0.16%             | 2029-08-15      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| SAKS GLOBAL ENTERPRS LLC                                 | Saks Global Enterprises LLC                                                     | CUSIP: 79380MAD7<br>LEI: 5493007HQSJGRH78Q684 | Long             | DBT              | CORP              | US        |  14180000 | PA      | $7373600.00   | 0.30%             | 2029-12-15      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| BAYTEX ENERGY CORP                                       | Baytex Energy Corp                                                              | CUSIP: 07317QAK1<br>LEI: 549300R5LTV2H7I1I079 | Long             | DBT              | CORP              | CA        |   7700000 | PA      | $7544667.13   | 0.31%             | 2032-03-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO                                      | American Express Co                                                             | CUSIP: 025816CH0<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |   2457000 | PA      | $2412754.84   | 0.10%             | N/A             | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| SM ENERGY CO                                             | SM Energy Co                                                                    | CUSIP: 78454LAP5<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | DBT              | CORP              | US        |  10242000 | PA      | $10246310.86  | 0.42%             | 2027-01-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                  | Goldman Sachs Group Inc/The                                                     | CUSIP: 38144GAE1<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   3825000 | PA      | $3784202.13   | 0.15%             | N/A             | Fixed         | 3.80%                 | 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              | N/A       |   5659000 | PA      | $5956973.63   | 0.24%             | 2029-09-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| TEXAS CAPITAL BANCSHARES                                 | Texas Capital Bancshares Inc                                                    | CUSIP: 88224QAA5<br>LEI: 549300466Q2SXRX0YM48 | Long             | DBT              | CORP              | US        |   8250000 | PA      | $8132467.28   | 0.33%             | 2031-05-06      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CREDIT ACCEPTANC                                         | Credit Acceptance Corp                                                          | CUSIP: 225310AQ4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  15849000 | PA      | $16671261.97  | 0.68%             | 2028-12-15      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| WINNEBAGO INDUSTRIES                                     | Winnebago Industries Inc                                                        | CUSIP: 974637AC4<br>LEI: 549300B7OYKYJLTE3G11 | Long             | DBT              | CORP              | US        |  12848000 | PA      | $12840897.63  | 0.52%             | 2028-07-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| SNAP INC                                                 | Snap Inc                                                                        | CUSIP: 83304AAM8<br>LEI: 549300JNC0L6VP8A2Q35 | Long             | DBT              | CORP              | US        |   5500000 | PA      | $5580472.81   | 0.23%             | 2034-03-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Western Asset Premier Institutional US Treasury Reserves | Western Asset Premier Institutional US Treasury Reserves                        | CUSIP: 52470G478<br>LEI: 549300FS1J68EF5THY28 | Long             | STIV             | RF                | US        | 295821312 | NS      | $295821311.71 | 12.05%            |  |  |  | No            |                  1 | On Loan: No      |
| AFFINITY INTERACTIVE                                     | Affinity Interactive                                                            | CUSIP: 00842XAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  31352000 | PA      | $17992129.00  | 0.73%             | 2027-12-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| RYAN SPECIALTY                                           | Ryan Specialty LLC                                                              | CUSIP: 78351GAA3<br>LEI: 549300K52N7QBO3PYY45 | Long             | DBT              | CORP              | US        |  22426000 | PA      | $22693788.87  | 0.92%             | 2032-08-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| SATURN OIL & GAS INC                                     | Saturn Oil & Gas Inc                                                            | CUSIP: 80412LAA5<br>LEI: 549300G6BWJ7K6PIIY73 | Long             | DBT              | CORP              | CA        |  28930000 | PA      | $29994258.04  | 1.22%             | 2029-06-15      | Fixed         | 9.62%                 | No            |                  2 | On Loan: No      |
| FORESTAR GROUP INC                                       | Forestar Group Inc                                                              | CUSIP: 346232AG6<br>LEI: 549300BC2UB0GHV60V70 | Long             | DBT              | CORP              | US        |   9700000 | PA      | $9931228.60   | 0.40%             | 2033-03-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                     | Bank of America Corp                                                            | CUSIP: 060505GB4<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   4500000 | PA      | $4431235.95   | 0.18%             | N/A             | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| ALLEGIANT TRAVEL CO                                      | Allegiant Travel Co                                                             | CUSIP: 01748XAD4<br>LEI: 549300JM9OZXOHWL2K18 | Long             | DBT              | CORP              | US        |  10279000 | PA      | $10415583.86  | 0.42%             | 2027-08-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| PBF HOLDING CO LLC                                       | PBF Holding Co LLC / PBF Finance Corp                                           | CUSIP: 69318FAM0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2097764.00   | 0.09%             | 2030-03-15      | Fixed         | 9.88%                 | No            |                  2 | On Loan: No      |
| COGENT COMMS GRP / FIN                                   | Cogent Communications Group LLC / Cogent Finance Inc                            | CUSIP: 19240WAB5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  28625000 | PA      | $27844553.69  | 1.13%             | 2032-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                            | TransDigm Inc                                                                   | CUSIP: 893647BR7<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |  12557000 | PA      | $12812020.11  | 0.52%             | 2028-08-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| FLUTTER TREASURY DAC                                     | Flutter Treasury DAC                                                            | CUSIP: 344045AB5<br>LEI: 635400JE8VLL9UFVIC38 | Long             | DBT              | CORP              | IE        |  17906000 | PA      | $18186855.61  | 0.74%             | 2031-06-04      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| NATIONSTAR MTG HLD INC                                   | Nationstar Mortgage Holdings Inc                                                | CUSIP: 43734LAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   9752000 | PA      | $9752000.00   | 0.40%             | 2026-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BLOCK INC                                                | Block Inc                                                                       | CUSIP: 852234AK9<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1826500.00   | 0.07%             | 2027-11-01      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| ZIPRECRUITER INC                                         | ZipRecruiter Inc                                                                | CUSIP: 98980BAA1<br>LEI: 549300HLOVNNFCY2IV80 | Long             | DBT              | CORP              | US        |  14689000 | PA      | $11838733.22  | 0.48%             | 2030-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MATTHEWS INTERNATIONAL C                                 | Matthews International Corp                                                     | CUSIP: 577128AC5<br>LEI: 549300ZVC5O0ATML6U61 | Long             | DBT              | CORP              | US        |  16568000 | PA      | $17134559.33  | 0.70%             | 2027-10-01      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| REGAL REXNORD CORP                                       | Regal Rexnord Corp                                                              | CUSIP: 758750AP8<br>LEI: QH78R09VCJGQKPBPYU33 | Long             | DBT              | CORP              | US        |    651000 | PA      | $699188.97    | 0.03%             | 2033-04-15      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| LINDBLAD EXPEDITIONS LLC                                 | Lindblad Expeditions LLC                                                        | CUSIP: 53523LAB6<br>LEI: 549300MPUWOG67Y2R254 | Long             | DBT              | CORP              | US        |   6500000 | PA      | $6629447.50   | 0.27%             | 2030-09-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| DREAM FINDERS HOMES INC                                  | Dream Finders Homes Inc                                                         | CUSIP: 26154DAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   7605000 | PA      | $7657398.45   | 0.31%             | 2030-09-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| DELTA AIR LINES/SKYMILES                                 | Delta Air Lines Inc / SkyMiles IP Ltd                                           | CUSIP: 830867AA5<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |     91625 | PA      | $91514.62     | 0.00%             | 2025-10-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| SNAP INC                                                 | Snap Inc                                                                        | CUSIP: 83304AAK2<br>LEI: 549300JNC0L6VP8A2Q35 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $3440000.00   | 0.14%             | 2030-05-01      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| EMBECTA CORP                                             | Embecta Corp                                                                    | CUSIP: 29082KAB1<br>LEI: 549300RPG8GXVDHNXZ62 | Long             | DBT              | CORP              | US        |   5563000 | PA      | $5428876.07   | 0.22%             | 2030-02-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| MAGNERA CORP                                             | Magnera Corp                                                                    | CUSIP: 55939AAA5<br>LEI: 549300LDQLQBT38QDY28 | Long             | DBT              | CORP              | US        |  10278000 | PA      | $9679203.72   | 0.39%             | 2031-11-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| DELTA AIR LINES/SKYMILES                                 | Delta Air Lines Inc / SkyMiles IP Ltd                                           | CUSIP: 830867AB3<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |  16254000 | PA      | $16352162.29  | 0.67%             | 2028-10-20      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| PROG HOLDINGS INC                                        | PROG Holdings Inc                                                               | CUSIP: 74319RAA9<br>LEI: 549300DHYTLBOVRXIG52 | Long             | DBT              | CORP              | US        |  36754000 | PA      | $36126057.91  | 1.47%             | 2029-11-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| MILLROSE PROPERTIES INC                                  | Millrose Properties Inc                                                         | CUSIP: 601137AB8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2800000 | PA      | $2809068.14   | 0.11%             | 2032-09-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| BRIGHTSTAR LOTTERY PLC                                   | Brightstar Lottery PLC                                                          | CUSIP: 460599AD5<br>LEI: 549300UQ6KHRCZDRGZ76 | Long             | DBT              | CORP              | GB        |  12281000 | PA      | $12404595.98  | 0.51%             | 2027-01-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                                 | Charter Communications Operating LLC / Charter Communications Operating Capital | CUSIP: 161175BN3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  12803000 | PA      | $11612566.82  | 0.47%             | 2048-04-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| NATIONAL HEALTH INVESTOR                                 | National Health Investors Inc                                                   | CUSIP: 63633DAF1<br>LEI: 549300ZPKZIG6DKDEC02 | Long             | DBT              | CORP              | US        |    889000 | PA      | $804889.48    | 0.03%             | 2031-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| ADTALEM GLOBAL EDUCATION                                 | Adtalem Global Education Inc                                                    | CUSIP: 00737WAA7<br>LEI: 549300Z467EZLMODV621 | Long             | DBT              | CORP              | US        |  16167000 | PA      | $16127140.26  | 0.66%             | 2028-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CENTURY COMMUNITIES                                      | Century Communities Inc                                                         | CUSIP: 156504AL6<br>LEI: 5299002QMB2O7ZL1CA26 | Long             | DBT              | CORP              | US        |   5604000 | PA      | $5606009.37   | 0.23%             | 2027-06-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                                           | NRG ENERGY INC                                                                  | CUSIP: 62937NBC0<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | LON              | CORP              | US        |   6865152 | PA      | $6873527.00   | 0.28%             | 2031-04-16      | Floating      | 5.97%                 | No            |                  2 | On Loan: No      |
| ENCORE CAPITAL GROUP INC                                 | Encore Capital Group Inc                                                        | CUSIP: 292554AQ5<br>LEI: 5493000UVC6H49CIH830 | Long             | DBT              | CORP              | US        |  21953000 | PA      | $23191368.73  | 0.94%             | 2029-04-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| WINNEBAGO INDUSTRIES                                     | Winnebago Industries Inc                                                        | CUSIP: 974637AF7<br>LEI: 549300B7OYKYJLTE3G11 | Long             | DBT              | CORP              | US        |   1375000 | PA      | $1234750.00   | 0.05%             | 2030-01-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| NCL CORPORATION LTD                                      | NCL Corp Ltd                                                                    | CUSIP: 62886HBY6<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |   5500000 | PA      | $5503753.92   | 0.22%             | 2031-01-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| UWM HOLDINGS LLC                                         | UWM Holdings LLC                                                                | CUSIP: 903522AB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4400000 | PA      | $4381794.43   | 0.18%             | 2031-03-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| STAR PARENT INC                                          | Star Parent Inc                                                                 | CUSIP: 855170AA4<br>LEI: 254900GRGCJYRMDRWT73 | Long             | DBT              | CORP              | US        |  13814000 | PA      | $14621331.60  | 0.60%             | 2030-10-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| RYAN SPECIALTY GROUP                                     | Ryan Specialty LLC                                                              | CUSIP: 78351MAA0<br>LEI: 549300K52N7QBO3PYY45 | Long             | DBT              | CORP              | US        |   7275000 | PA      | $7057732.85   | 0.29%             | 2030-02-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| ENCORE CAPITAL GROUP INC                                 | Encore Capital Group Inc                                                        | CUSIP: 292554AR3<br>LEI: 5493000UVC6H49CIH830 | Long             | DBT              | CORP              | US        |   8804000 | PA      | $9356855.98   | 0.38%             | 2030-05-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| CENTENE CORP                                             | Centene Corp                                                                    | CUSIP: 15135BAY7<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |   6000000 | PA      | $5580197.76   | 0.23%             | 2028-07-15      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                            | Citigroup Inc                                                                   | CUSIP: 172967MU2<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |  11024000 | PA      | $10994535.05  | 0.45%             | N/A             | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HUB INTERNATIONAL LTD                                    | HUB INTERNATIONAL LTD                                                           | CUSIP: 44332EAZ9<br>LEI: 549300JQT6ATTUNS5E06 | Long             | LON              | CORP              | US        |   5900226 | PA      | $5915507.31   | 0.24%             | 2030-06-20      | Floating      | 6.81%                 | No            |                  2 | On Loan: No      |
| TRAVEL + LEISURE CO                                      | Travel + Leisure Co                                                             | CUSIP: 98310WAS7<br>LEI: T4VNTWMFQ7JQB65L7T35 | Long             | DBT              | CORP              | US        |  19172000 | PA      | $19326622.18  | 0.79%             | 2026-07-31      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| FAIR ISAAC CORP                                          | Fair Isaac Corp                                                                 | CUSIP: 303250AE4<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | DBT              | CORP              | US        |   5977000 | PA      | $5983044.54   | 0.24%             | 2026-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| WESCO DISTRIBUTION INC                                   | WESCO Distribution Inc                                                          | CUSIP: 95081QAP9<br>LEI: 549300I2CEZJG9N4AH67 | Long             | DBT              | CORP              | US        |  16034000 | PA      | $16255990.73  | 0.66%             | 2028-06-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| VALE OVERSEAS LIMITED                                    | Vale Overseas Ltd                                                               | CUSIP: 91911TAS2<br>LEI: 254900BA3U6G5DNV5V04 | Long             | DBT              | CORP              | KY        |   1336000 | PA      | $1374639.79   | 0.06%             | 2054-06-28      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| VIATRIS INC                                              | Viatris Inc                                                                     | CUSIP: 92556VAF3<br>LEI: 254900ZZTSW7NL773X71 | Long             | DBT              | CORP              | US        |   4500000 | PA      | $3072174.84   | 0.13%             | 2050-06-22      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FIRSTCASH INC                                            | FirstCash Inc                                                                   | CUSIP: 33767DAB1<br>LEI: 549300V2X3UU7K0DG350 | Long             | DBT              | CORP              | US        |   9775000 | PA      | $9592149.83   | 0.39%             | 2028-09-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES                                   | PNC Financial Services Group Inc/The                                            | CUSIP: 693475BC8<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |   3335000 | PA      | $3241879.46   | 0.13%             | N/A             | Fixed         | 3.40%                 | 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        |   1725000 | PA      | $1771523.25   | 0.07%             | 2032-12-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| AMWINS GROUP INC                                         | AmWINS Group Inc                                                                | CUSIP: 031921AC3<br>LEI: 549300SJE7MUB8NMRG61 | Long             | DBT              | CORP              | US        |   2185000 | PA      | $2230791.05   | 0.09%             | 2029-02-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| ENOVA INTERNATIONAL INC                                  | Enova International Inc                                                         | CUSIP: 29357KAH6<br>LEI: 549300O8XOCQSB49UO63 | Long             | DBT              | CORP              | US        |  24905000 | PA      | $26506291.88  | 1.08%             | 2028-12-15      | Fixed         | 11.25%                | 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        |   2582000 | PA      | $2606636.02   | 0.11%             | 2030-10-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| CONNECT FINCO SARL                                       | CONNECT FINCO SARL                                                              | CUSIP: 000000000<br>LEI: 2594001KNYIQ456J2792 | Long             | LON              | CORP              | LU        |   8528354 | PA      | $8437143.68   | 0.34%             | 2029-09-28      | Floating      | 8.67%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-11-25

**Name of Applicant:** Legg Mason Partners Investment Trust

**Signature:** Christopher Berarducci

**Name of Signer:** Christopher Berarducci

**Title:** Principal Financial Officer