# EDGAR Filing Document

**Accession Number:** 0001005942
**File Stem:** 0001752724-25-178287
**Filing Date:** 2025-7
**Character Count:** 111963
**Document Hash:** d7afdbf7d7ca48b2ab6249001e20d7d5
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-178287.hdr.sgml**: 20250725

**ACCESSION NUMBER**: 0001752724-25-178287

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250531

**FILED AS OF DATE**: 20250725

**DATE AS OF CHANGE**: 20250725

**PERIOD START**: 20260228

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PUTNAM FUNDS TRUST
- **CENTRAL INDEX KEY:** 0001005942

**ORGANIZATION NAME:**
- **EIN:** 043299786
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07513
- **FILM NUMBER:** 251150115

**BUSINESS ADDRESS:**
- **STREET 1:** 100 FEDERAL STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02110
- **BUSINESS PHONE:** 6177601000

**MAIL ADDRESS:**
- **STREET 1:** 100 FEDERAL STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02110

## Series and Classes Contracts Data

### Putnam Floating Rate Income Fund (Series ID: S000000773)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000002279 | Class C shares  |  |
| C000002281 | Class R shares  |  |
| C000002282 | Class Y shares  |  |
| C000002283 | Class A shares  | PFLRX           |
| C000203062 | Class R6 Shares |  |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Putnam Funds Trust

- **b. Investment Company Act file number:** 811-07513

- **c. CIK number of Registrant:** 0001005942

- **d. LEI of Registrant:** 549300S9JYWEMKQCLW53

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

  - **Street Address 1:** 100 Federal Street

  - **City:** Boston

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02110

  - **Telephone number:** 617-292-1000

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

- **a. Name of Series:** Putnam Floating Rate Income Fund

- **b. EDGAR series identifier (if any):** S000000773

- **c. LEI of Series:** 4QPXMF8KPJY34ZN06K78

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

- **a. Date of fiscal year-end:** 2026-02-28

- **b. Date as of which information is reported:** 2025-05-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $354392159.11

**Total Liabilities:** $7539806.39

**Net Assets:** $346852352.72

**Delayed Delivery Securities:** $5049725.14

**Cash Not Reported:** $2927500.30

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 69.15000000 | **1-Year:** 954.33000000 | **5-Year:** 4207.41000000 | **10-Year:** 725.89000000 | **30-Year:** 0.00000000

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

- **3-Month:** 1581.02000000 | **1-Year:** 23031.06000000 | **5-Year:** 74853.22000000 | **10-Year:** 9402.72000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000002282 | -0.72%               | -0.08%               | 1.75%                |
| Class ID C000002281 | -0.76%               | -0.12%               | 1.84%                |
| Class ID C000002279 | -0.80%               | -0.04%               | 1.67%                |
| Class ID C000203062 | -0.71%               | -0.07%               | 1.76%                |
| Class ID C000002283 | -0.74%               | -0.10%               | 1.86%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $12813.65                | $-4585229.54                               |
| Month 2  | $-981974.07              | $-1464823.27                               |
| Month 3  | $-58727.23               | $3815454.38                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Minerals Technologies, Inc.                                | Minerals Technologies, Inc., First Lien, CME Term Loan, B                                         | CUSIP: 60315GAH1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1108222 | PA      | $1111685.70   | 0.32%             | 2031-11-26      | Variable      | 6.33%                 | No            |                  2 | On Loan: No      |
| Olympus Water US Holding Corp.                             | Olympus Water US Holding Corp., First Lien, 6 Dollar CME Term Loan, B6                            | CUSIP: 68163YAJ4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2261893 | PA      | $2250447.64   | 0.65%             | 2031-06-23      | Variable      | 7.30%                 | No            |                  2 | On Loan: No      |
| GIP Pilot Acquisition Partners LP                          | GIP Pilot Acquisition Partners LP, First Lien, Initial CME Term Loan                              | CUSIP: 31773HAE2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1288147 | PA      | $1290298.68   | 0.37%             | 2030-10-04      | Variable      | 6.28%                 | No            |                  2 | On Loan: No      |
| Great Canadian Gaming Corp.                                | Great Canadian Gaming Corp., First Lien, CME Term Loan, B                                         | CUSIP: C4111RAJ4<br>LEI: N/A                  | Long             | LON              | CORP              | CA        |   2545030 | PA      | $2508763.71   | 0.72%             | 2029-11-01      | Variable      | 9.05%                 | No            |                  2 | On Loan: No      |
| Nouryon Finance BV                                         | Nouryon Finance BV, First Lien, November 2024 Dollar CME Term Loan, B2                            | CUSIP: N8232NAM9<br>LEI: N/A                  | Long             | LON              | CORP              | NL        |    740658 | PA      | $743898.15    | 0.21%             | 2028-04-03      | Variable      | 7.55%                 | No            |                  2 | On Loan: No      |
| Hunter Douglas, Inc.                                       | Hunter Douglas, Inc., First Lien, CME Term Loan, B1                                               | CUSIP: N8137FAE0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2659050 | PA      | $2629135.69   | 0.76%             | 2032-01-16      | Variable      | 7.55%                 | No            |                  2 | On Loan: No      |
| Garda World Security Corp.                                 | Garda World Security Corp., First Lien, Twelfth Additional CME Term Loan                          | CUSIP: C4000KAG9<br>LEI: N/A                  | Long             | LON              | CORP              | CA        |   3075591 | PA      | $3071100.87   | 0.89%             | 2029-02-01      | Variable      | 7.33%                 | No            |                  2 | On Loan: No      |
| BIFM CA Buyer, Inc.                                        | BIFM CA Buyer, Inc., First Lien, CME Term Loan                                                    | CUSIP: G0757GAG7<br>LEI: N/A                  | Long             | LON              | CORP              | CA        |   1355577 | PA      | $1358545.27   | 0.39%             | 2028-05-31      | Variable      | 8.08%                 | No            |                  2 | On Loan: No      |
| Ascend Learning LLC                                        | Ascend Learning LLC, Second Lien, Initial CME Term Loan                                           | CUSIP: 04349HAM6<br>LEI: 549300T466HKRLVCD610 | Long             | LON              | CORP              | US        |    573642 | PA      | $572027.58    | 0.16%             | 2029-12-10      | Variable      | 10.18%                | No            |                  2 | On Loan: No      |
| Janus International Group LLC                              | Janus International Group LLC, First Lien, CME Term Loan, B                                       | CUSIP: 47102DAN9<br>LEI: 549300EG57ZJJG8NC776 | Long             | LON              | CORP              | US        |   1777600 | PA      | $1769823.00   | 0.51%             | 2030-08-05      | Variable      | 6.78%                 | No            |                  2 | On Loan: No      |
| GOAT Holdco LLC                                            | GOAT Holdco LLC, First Lien, CME Term Loan, B                                                     | CUSIP: 38021CAC2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1475000 | PA      | $1472005.75   | 0.42%             | 2032-01-27      | Variable      | 7.33%                 | No            |                  2 | On Loan: No      |
| American Airlines, Inc.                                    | American Airlines, Inc., First Lien, Initial CME Term Loan                                        | CUSIP: 02376CBM6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2913571 | PA      | $2881099.25   | 0.83%             | 2029-06-04      | Variable      | 6.51%                 | No            |                  2 | On Loan: No      |
| Proofpoint, Inc.                                           | Proofpoint, Inc., First Lien, CME Term Loan                                                       | CUSIP: 74345HAG6<br>LEI: 529900C5FODDK0WSR085 | Long             | LON              | CORP              | US        |   1955000 | PA      | $1956769.29   | 0.56%             | 2028-08-31      | Variable      | 7.33%                 | No            |                  2 | On Loan: No      |
| Clarios Global LP                                          | Clarios Global LP, First Lien, 2024 Dollar CME Term Loan                                          | CUSIP: C8000CAM5<br>LEI: 549300474L1ZLXZY2P98 | Long             | LON              | CORP              | US        |   2566295 | PA      | $2556671.63   | 0.74%             | 2030-05-06      | Variable      | 6.83%                 | No            |                  2 | On Loan: No      |
| Ahead DB Holdings LLC                                      | Ahead DB Holdings LLC, First Lien, CME Term Loan, B3                                              | CUSIP: 00866HAH8<br>LEI: 254900L07WFL833JX193 | Long             | LON              | CORP              | US        |   2709021 | PA      | $2714859.39   | 0.78%             | 2031-02-03      | Variable      | 7.30%                 | No            |                  2 | On Loan: No      |
| LaserShip, Inc.                                            | LaserShip, Inc., First Lien, CME Term Loan, B1                                                    | CUSIP: 51809EAM7<br>LEI: 254900NGHREGOQUFUT53 | Long             | LON              | CORP              | US        |    495498 | PA      | $311234.86    | 0.09%             | 2029-08-10      | Variable      | 6.06%                 | No            |                  2 | On Loan: No      |
| Nouryon Finance BV                                         | Nouryon Finance BV, First Lien, November 2024 Dollar CME Term Loan, B1                            | CUSIP: N8232NAL1<br>LEI: N/A                  | Long             | LON              | CORP              | NL        |   1428566 | PA      | $1435115.81   | 0.41%             | 2028-04-03      | Variable      | 7.51%                 | No            |                  2 | On Loan: No      |
| Aretec Group, Inc.                                         | Aretec Group, Inc., First Lien, CME Term Loan, B3                                                 | CUSIP: 04009DAH7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2212106 | PA      | $2211475.48   | 0.64%             | 2030-08-09      | Variable      | 7.83%                 | No            |                  2 | On Loan: No      |
| AssuredPartners, Inc.                                      | AssuredPartners, Inc., First Lien, 2024 CME Term Loan                                             | CUSIP: 04621HAW3<br>LEI: 549300HNDSDQWQ3L2P80 | Long             | LON              | CORP              | US        |   1619731 | PA      | $1624201.00   | 0.47%             | 2031-02-14      | Variable      | 7.83%                 | No            |                  2 | On Loan: No      |
| Cushman & Wakefield US Borrower LLC                        | Cushman & Wakefield US Borrower LLC, First Lien, 2024-3 CME Term Loan                             | CUSIP: 23340DAU6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    389000 | PA      | $391917.50    | 0.11%             | 2030-01-31      | Variable      | 7.58%                 | No            |                  2 | On Loan: No      |
| Cloud Software Group, Inc.                                 | Cloud Software Group, Inc., First Lien, Incremental CME Term Loan, B                              | CUSIP: 88632NBE9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    970125 | PA      | $968912.34    | 0.28%             | 2031-03-21      | Variable      | 8.05%                 | No            |                  2 | On Loan: No      |
| Physician Partners LLC                                     | Physician Partners LLC, First Lien, Initial CME Term Loan, B1                                     | CUSIP: 71947JAK1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    171062 | PA      | $88096.97     | 0.03%             | 2029-12-31      | Variable      | 8.45%                 | No            |                  2 | On Loan: No      |
| Adeia, Inc.                                                | Adeia, Inc., First Lien, Initial CME Term Loan, B6                                                | CUSIP: 98422BAD1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1160477 | PA      | $1160477.34   | 0.33%             | 2028-06-08      | Variable      | 6.83%                 | No            |                  2 | On Loan: No      |
| Charlotte Buyer, Inc.                                      | Charlotte Buyer, Inc., First Lien, Second Refinancing CME Term Loan                               | CUSIP: 12568YAH7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    987487 | PA      | $988193.34    | 0.28%             | 2028-02-11      | Variable      | 8.58%                 | No            |                  2 | On Loan: No      |
| Construction Partners, Inc.                                | Construction Partners, Inc., First Lien, Closing Date CME Term Loan                               | CUSIP: 21043XAH5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    287249 | PA      | $287878.41    | 0.08%             | 2031-11-03      | Variable      | 6.83%                 | No            |                  2 | On Loan: No      |
| RelaDyne, Inc.                                             | RelaDyne, Inc., First Lien, CME Term Loan                                                         | CUSIP: 00149HAC8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    495012 | PA      | $496151.03    | 0.14%             | 2030-12-23      | Variable      | 8.32%                 | No            |                  2 | On Loan: No      |
| Hanesbrands, Inc.                                          | Hanesbrands, Inc., First Lien, CME Term Loan, B                                                   | CUSIP: 410346AY6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1253461 | PA      | $1259728.48   | 0.36%             | 2032-03-08      | Variable      | 7.08%                 | No            |                  2 | On Loan: No      |
| Tronox Finance LLC                                         | Tronox Finance LLC, First Lien, 2024-B2 CME Term Loan                                             | CUSIP: 89705DAQ5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1977500 | PA      | $1938454.26   | 0.56%             | 2029-04-04      | Variable      | 6.55%                 | No            |                  2 | On Loan: No      |
| Altice France SA                                           | Altice France SA, First Lien, CME Term Loan, B14                                                  | CUSIP: F6628DAN4<br>LEI: 5493001ZMCICV4N02J21 | Long             | LON              | CORP              | FR        |   1525997 | PA      | $1408922.75   | 0.41%             | 2028-08-15      | Variable      | 9.76%                 | No            |                  2 | On Loan: No      |
| Crown Subsea Communications Holding, Inc.                  | Crown Subsea Communications Holding, Inc., First Lien, 2024 Term Loan                             | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1488750 | PA      | $1497124.22   | 0.43%             | 2031-01-30      | Variable      | 8.32%                 | No            |                  2 | On Loan: No      |
| Cogeco Financing 2 LP                                      | Cogeco Financing 2 LP, First Lien, CME Term Loan, B                                               | CUSIP: 19239BAE8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1729712 | PA      | $1717171.37   | 0.50%             | 2028-09-01      | Variable      | 6.94%                 | No            |                  2 | On Loan: No      |
| INEOS US Finance LLC                                       | INEOS US Finance LLC, First Lien, New 2031 CME Term Loan                                          | CUSIP: G4768PAS0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    221665 | PA      | $214682.60    | 0.06%             | 2031-02-07      | Variable      | 7.33%                 | No            |                  2 | On Loan: No      |
| HomeServe USA Corp.                                        | HomeServe USA Corp., First Lien, Amendment No. 1 Refinancing CME Term Loan                        | CUSIP: 43761EAD0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    990000 | PA      | $989074.35    | 0.29%             | 2030-10-21      | Variable      | 6.57%                 | No            |                  2 | On Loan: No      |
| AAdvantage Loyalty IP Ltd.                                 | AAdvantage Loyalty IP Ltd., First Lien, CME Term Loan                                             | CUSIP: 02376CBS3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1491750 | PA      | $1478510.72   | 0.43%             | 2028-04-20      | Variable      | 6.52%                 | No            |                  2 | On Loan: No      |
| Ingram Micro, Inc.                                         | Ingram Micro, Inc., First Lien, CME Term Loan, B                                                  | CUSIP: 45258FAD2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    799898 | PA      | $804900.86    | 0.23%             | 2031-09-19      | Variable      | 7.05%                 | No            |                  2 | On Loan: No      |
| DexKo Global, Inc.                                         | DexKo Global, Inc., First Lien, Closing Date Dollar CME Term Loan                                 | CUSIP: 25213YAU9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    982278 | PA      | $941872.43    | 0.27%             | 2028-10-04      | Variable      | 8.19%                 | No            |                  2 | On Loan: No      |
| Opal LLC                                                   | Opal LLC, First Lien, CME Term Loan, B2                                                           | CUSIP: F7000QAB7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1500000 | PA      | $1503750.00   | 0.43%             | 2032-03-31      | Variable      | 7.44%                 | No            |                  2 | On Loan: No      |
| Grant Thornton Advisors LLC                                | Grant Thornton Advisors LLC, First Lien, 2025 Incremental CME Term Loan                           | CUSIP: 38821UAD2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1990012 | PA      | $1986301.13   | 0.57%             | 2031-06-02      | Variable      | 7.08%                 | No            |                  2 | On Loan: No      |
| Bally's Corp.                                              | Bally's Corp., First Lien, CME Term Loan, B                                                       | CUSIP: 05875CAB0<br>LEI: 549300NS4D5IK406VT62 | Long             | LON              | CORP              | US        |   1418750 | PA      | $1256090.37   | 0.36%             | 2028-10-02      | Variable      | 7.78%                 | No            |                  2 | On Loan: No      |
| Jefferson Capital Holdings LLC                             | Jefferson Capital Holdings LLC                                                                    | CUSIP: 472481AB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    900000 | PA      | $956289.60    | 0.28%             | 2029-02-15      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| TGP Holdings III LLC                                       | TGP Holdings III LLC, First Lien, Closing Date CME Term Loan                                      | CUSIP: 87251RAK9<br>LEI: 549300LURVM6CQ1MNO41 | Long             | LON              | CORP              | US        |   1499013 | PA      | $1334968.73   | 0.38%             | 2028-06-29      | Variable      | 7.68%                 | No            |                  2 | On Loan: No      |
| Invenergy Thermal Operating I LLC                          | Invenergy Thermal Operating I LLC, First Lien, CME Term Loan, C                                   | CUSIP: 46123UAQ1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |      6010 | PA      | $6059.70      | 0.00%             | 2032-05-06      | Variable      | 7.91%                 | No            |                  2 | On Loan: No      |
| Clydesdale Acquisition Holdings, Inc.                      | Clydesdale Acquisition Holdings, Inc., First Lien, 2025 Incremental Delayed Draw CME Term Loan, B | CUSIP: 18972FAF9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |       813 | PA      | $807.28       | 0.00%             | 2032-04-01      | Variable      | 7.48%                 | No            |                  2 | On Loan: No      |
| Cloudera, Inc.                                             | Cloudera, Inc., Second Lien, Initial CME Term Loan                                                | CUSIP: 74339VAE8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2000000 | PA      | $1887500.00   | 0.54%             | 2029-10-10      | Variable      | 10.42%                | No            |                  2 | On Loan: No      |
| Phoenix Guarantor, Inc.                                    | Phoenix Guarantor, Inc., First Lien, CME Term Loan, B5                                            | CUSIP: 71913BAK8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1980050 | PA      | $1984326.91   | 0.57%             | 2031-02-21      | Variable      | 6.83%                 | No            |                  2 | On Loan: No      |
| DaVita, Inc.                                               | DaVita, Inc., First Lien, Extended CME Term Loan, B1                                              | CUSIP: 23918VBB9<br>LEI: M2XHYMU3TZNEZURC6H66 | Long             | LON              | CORP              | US        |   1278575 | PA      | $1280850.86   | 0.37%             | 2031-04-25      | Variable      | 6.33%                 | No            |                  2 | On Loan: No      |
| Cloud Software Group, Inc.                                 | Cloud Software Group, Inc., First Lien, Initial Dollar CME Term Loan, B                           | CUSIP: 88632NBF6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2862793 | PA      | $2859228.68   | 0.82%             | 2029-03-30      | Variable      | 7.80%                 | No            |                  2 | On Loan: No      |
| Chromalloy Corp.                                           | Chromalloy Corp., First Lien, CME Term Loan                                                       | CUSIP: 17110EAB6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    744375 | PA      | $743511.53    | 0.21%             | 2031-03-27      | Variable      | 8.04%                 | No            |                  2 | On Loan: No      |
| Pro Mach Group, Inc.                                       | Pro Mach Group, Inc., First Lien, Amendment No. 5 Refinancing CME Term Loan                       | CUSIP: 74273JAK9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2926152 | PA      | $2931799.64   | 0.85%             | 2028-08-31      | Variable      | 7.07%                 | No            |                  2 | On Loan: No      |
| Flutter Financing BV                                       | Flutter Financing BV, First Lien, 2024 Refinancing CME Term Loan, B                               | CUSIP: N3313EAG5<br>LEI: N/A                  | Long             | LON              | CORP              | NL        |    397985 | PA      | $397425.71    | 0.11%             | 2030-12-02      | Variable      | 6.05%                 | No            |                  2 | On Loan: No      |
| Harbor Freight Tools USA, Inc.                             | Harbor Freight Tools USA, Inc., First Lien, Initial CME Term Loan                                 | CUSIP: 41151PAR6<br>LEI: 549300Y48HLCFTTB4249 | Long             | LON              | CORP              | US        |    997487 | PA      | $966026.68    | 0.28%             | 2031-06-11      | Variable      | 6.83%                 | No            |                  2 | On Loan: No      |
| DXP Enterprises, Inc.                                      | DXP Enterprises, Inc., First Lien, 2024 Incremental CME Term Loan                                 | CUSIP: 23338DAR7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1477575 | PA      | $1486115.38   | 0.43%             | 2030-10-11      | Variable      | 8.07%                 | No            |                  2 | On Loan: No      |
| Physician Partners LLC                                     | Physician Partners LLC, First Lien, CME Term Loan, C                                              | CUSIP: 71947JAM7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    171587 | PA      | $41438.22     | 0.01%             | 2030-12-31      | Variable      | 9.95%                 | No            |                  2 | On Loan: No      |
| White Cap Supply Holdings LLC                              | White Cap Supply Holdings LLC, First Lien, CME Term Loan, C                                       | CUSIP: 96350TAH3<br>LEI: 254900L2N0T6GULCL366 | Long             | LON              | CORP              | US        |   2309421 | PA      | $2290841.26   | 0.66%             | 2029-10-19      | Variable      | 7.58%                 | No            |                  2 | On Loan: No      |
| Clear Channel Outdoor Holdings, Inc.                       | Clear Channel Outdoor Holdings, Inc., First Lien, 2024 Refinancing CME Term Loan                  | CUSIP: 18452RAF2<br>LEI: 254900XBEE6V1ENYS150 | Long             | LON              | CORP              | US        |    722888 | PA      | $711140.77    | 0.21%             | 2028-08-23      | Variable      | 8.44%                 | No            |                  2 | On Loan: No      |
| Novelis Corp.                                              | Novelis Corp.                                                                                     | CUSIP: 670001AL0<br>LEI: 549300G5F3W3B52WYL23 | Long             | DBT              | CORP              | US        |    587000 | PA      | $605701.23    | 0.17%             | 2030-01-30      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| TMS International Corp.                                    | TMS International Corp., First Lien, New CME Term Loan, B7                                        | CUSIP: 87261SAJ8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1473909 | PA      | $1475751.36   | 0.43%             | 2030-03-04      | Variable      | 7.79%                 | No            |                  2 | On Loan: No      |
| Osaic Holdings, Inc.                                       | Osaic Holdings, Inc., First Lien, CME Term Loan, B4                                               | CUSIP: 00775KAK4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2650878 | PA      | $2663058.30   | 0.77%             | 2028-08-17      | Variable      | 7.83%                 | No            |                  2 | On Loan: No      |
| Pregis TopCo LLC                                           | Pregis TopCo LLC, First Lien, CME Term Loan                                                       | CUSIP: 74045BAG2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    947500 | PA      | $949868.75    | 0.27%             | 2029-02-28      | Variable      | 7.82%                 | No            |                  2 | On Loan: No      |
| Anticimex Global AB                                        | Anticimex Global AB, First Lien, CME Term Loan, B6                                                | CUSIP: 03703HAB2<br>LEI: N/A                  | Long             | LON              | CORP              | SE        |    495000 | PA      | $496856.25    | 0.14%             | 2028-11-16      | Variable      | 7.66%                 | No            |                  2 | On Loan: No      |
| Wayfair LLC                                                | Wayfair LLC                                                                                       | CUSIP: 94419NAA5<br>LEI: 549300CTUWTZGOXMYI40 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1464648.30   | 0.42%             | 2029-10-31      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| First Brands Group LLC                                     | First Brands Group LLC, Second Lien, 2021 CME Term Loan                                           | CUSIP: 31935HAF4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2000000 | PA      | $1820000.00   | 0.52%             | 2028-03-30      | Variable      | 13.04%                | No            |                  2 | On Loan: No      |
| Hilcorp Energy I LP                                        | Hilcorp Energy I LP, First Lien, Initial CME Term Loan                                            | CUSIP: 431319AH5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    685714 | PA      | $686283.14    | 0.20%             | 2030-02-06      | Variable      | 6.33%                 | No            |                  2 | On Loan: No      |
| Sinclair Television Group, Inc.                            | Sinclair Television Group, Inc.                                                                   | CUSIP: 829259BH2<br>LEI: 549300CQGEN0CH65UD62 | Long             | DBT              | CORP              | US        |   1215000 | PA      | $1216664.55   | 0.35%             | 2033-02-15      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| RealPage, Inc.                                             | RealPage, Inc., First Lien, Initial CME Term Loan                                                 | CUSIP: 75605VAD4<br>LEI: 5493001RSFZX4122A604 | Long             | LON              | CORP              | US        |   2916877 | PA      | $2897814.74   | 0.84%             | 2028-04-24      | Variable      | 7.56%                 | No            |                  2 | On Loan: No      |
| Celestial-Saturn Parent, Inc.                              | Celestial-Saturn Parent, Inc., Second Lien, Initial CME Term Loan                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   2500000 | PA      | $2437500.00   | 0.70%             | 2029-06-04      | Variable      | 10.94%                | No            |                  2 | On Loan: No      |
| Endo Finance Holdings, Inc.                                | Endo Finance Holdings, Inc., First Lien, 2024 Refinancing CME Term Loan                           | CUSIP: 29280UAD5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2265615 | PA      | $2218898.02   | 0.64%             | 2031-04-23      | Variable      | 8.33%                 | No            |                  2 | On Loan: No      |
| EMRLD Borrower LP                                          | EMRLD Borrower LP, First Lien, Second Amendment Incremental CME Term Loan                         | CUSIP: 26872NAD1<br>LEI: 5493000GJYE7GAQCUC61 | Long             | LON              | CORP              | US        |   1990000 | PA      | $1982855.90   | 0.57%             | 2031-08-04      | Variable      | 6.80%                 | No            |                  2 | On Loan: No      |
| TransDigm, Inc.                                            | TransDigm, Inc., First Lien, CME Term Loan, J                                                     | CUSIP: 89364MCA0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2298555 | PA      | $2301071.49   | 0.66%             | 2031-02-28      | Variable      | 6.80%                 | No            |                  2 | On Loan: No      |
| Red Planet Borrower LLC                                    | Red Planet Borrower LLC, First Lien, CME Term Loan, B                                             | CUSIP: 57165KAB2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1930000 | PA      | $1916557.55   | 0.55%             | 2028-10-02      | Variable      | 7.93%                 | No            |                  2 | On Loan: No      |
| Rocket Software, Inc.                                      | Rocket Software, Inc., First Lien, CME Term Loan                                                  | CUSIP: 77313DAW1<br>LEI: 549300PVG26ISP5X1556 | Long             | LON              | CORP              | US        |   2535179 | PA      | $2541858.94   | 0.73%             | 2028-11-28      | Variable      | 8.58%                 | No            |                  2 | On Loan: No      |
| MajorDrive Holdings IV LLC                                 | MajorDrive Holdings IV LLC, First Lien, Initial CME Term Loan                                     | CUSIP: 56085UAB9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2067923 | PA      | $2020432.79   | 0.58%             | 2028-06-01      | Variable      | 8.56%                 | No            |                  2 | On Loan: No      |
| Southern Veterinary Partners LLC                           | Southern Veterinary Partners LLC, First Lien, 2024-3 New CME Term Loan                            | CUSIP: 84410HAN0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    689655 | PA      | $691044.65    | 0.20%             | 2031-12-04      | Variable      | 7.71%                 | No            |                  2 | On Loan: No      |
| Organon & Co.                                              | Organon & Co., First Lien, 2024 Refinancing Dollar CME Term Loan                                  | CUSIP: 68621XAG8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1079750 | PA      | $1054105.94   | 0.30%             | 2031-05-19      | Variable      | 6.57%                 | No            |                  2 | On Loan: No      |
| DexKo Global, Inc.                                         | DexKo Global, Inc., First Lien, 2023 Incremental CME Term Loan                                    | CUSIP: 25213YBC8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    617188 | PA      | $594687.93    | 0.17%             | 2028-10-04      | Variable      | 8.58%                 | No            |                  2 | On Loan: No      |
| Surgery Center Holdings, Inc.                              | Surgery Center Holdings, Inc., First Lien, 2024 Refinancing CME Term Loan                         | CUSIP: 86880NBB8<br>LEI: 54930054EVI5HWPPW113 | Long             | LON              | CORP              | US        |   1980000 | PA      | $1986088.49   | 0.57%             | 2030-12-19      | Variable      | 7.08%                 | No            |                  2 | On Loan: No      |
| Clarios Global LP                                          | Clarios Global LP, First Lien, Amendment No. 6 Dollar CME Term Loan                               | CUSIP: C8000CAP8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    459921 | PA      | $459346.10    | 0.13%             | 2032-01-28      | Variable      | 7.08%                 | No            |                  2 | On Loan: No      |
| Calpine Construction Finance Co. LP                        | Calpine Construction Finance Co. LP, First Lien, Refinancing CME Term Loan                        | CUSIP: 13134NAH4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2014258 | PA      | $2016403.03   | 0.58%             | 2030-07-19      | Variable      | 6.33%                 | No            |                  2 | On Loan: No      |
| Medline Borrower LP                                        | Medline Borrower LP, First Lien, Dollar Incremental CME Term Loan                                 | CUSIP: 58503UAF0<br>LEI: 254900QT3R363TVK6F09 | Long             | LON              | CORP              | US        |   2651277 | PA      | $2651687.82   | 0.76%             | 2028-10-23      | Variable      | 6.58%                 | No            |                  2 | On Loan: No      |
| KUEHG Corp.                                                | KUEHG Corp., First Lien, 2024 Refinancing CME Term Loan                                           | CUSIP: 50118YAG4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    309421 | PA      | $310968.59    | 0.09%             | 2030-06-12      | Variable      | 7.55%                 | No            |                  2 | On Loan: No      |
| Alliant Holdings Intermediate LLC                          | Alliant Holdings Intermediate LLC, First Lien, Initial CME Term Loan                              | CUSIP: 01881UAM7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2729998 | PA      | $2721398.19   | 0.78%             | 2031-09-19      | Variable      | 7.07%                 | No            |                  2 | On Loan: No      |
| American Trailer World Corp.                               | American Trailer World Corp., First Lien, CME Term Loan, B                                        | CUSIP: 03028BAB3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2110850 | PA      | $1754939.17   | 0.51%             | 2028-03-03      | Variable      | 8.18%                 | No            |                  2 | On Loan: No      |
| Oregon Tool Lux LP                                         | Oregon Tool Lux LP, Second Lien, CME Term Loan, B                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | LU        |    820049 | PA      | $649035.62    | 0.19%             | 2029-10-15      | Variable      | 8.59%                 | No            |                  2 | On Loan: No      |
| AZEK Group LLC (The)                                       | AZEK Group LLC (The), First Lien, Closing Date CME Term Loan                                      | CUSIP: 05478EAC5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    993750 | PA      | $996443.06    | 0.29%             | 2031-09-26      | Variable      | 6.33%                 | No            |                  2 | On Loan: No      |
| Gloves Buyer, Inc.                                         | Gloves Buyer, Inc., First Lien, Initial CME Term Loan                                             | CUSIP: 37987UAG7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2000000 | PA      | $1942750.00   | 0.56%             | 2032-01-20      | Variable      | 8.33%                 | No            |                  2 | On Loan: No      |
| CQP Holdco LP                                              | CQP Holdco LP, First Lien, Initial CME Term Loan                                                  | CUSIP: 12657QAE3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1735257 | PA      | $1735977.48   | 0.50%             | 2030-12-31      | Variable      | 6.30%                 | No            |                  2 | On Loan: No      |
| Ingenovis Health, Inc.                                     | Ingenovis Health, Inc., First Lien, Initial CME Term Loan                                         | CUSIP: 12510MAB5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1000000 | PA      | $485000.00    | 0.14%             | 2028-03-06      | Variable      | 8.70%                 | No            |                  2 | On Loan: No      |
| CP Atlas Buyer, Inc.                                       | CP Atlas Buyer, Inc., First Lien, CME Term Loan, B                                                | CUSIP: 12658HAG7<br>LEI: 2549006ZZ07G0NDDCR36 | Long             | LON              | CORP              | US        |   2060949 | PA      | $1960838.55   | 0.57%             | 2027-11-23      | Variable      | 8.18%                 | No            |                  2 | On Loan: No      |
| LaserShip, Inc.                                            | LaserShip, Inc., First Lien, CME Term Loan, D                                                     | CUSIP: 51809EAP0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    358809 | PA      | $108091.24    | 0.03%             | 2029-08-10      | Variable      | 6.06%                 | No            |                  2 | On Loan: No      |
| Univision Communications, Inc.                             | Univision Communications, Inc.                                                                    | CUSIP: 914906AX0<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1403340.00   | 0.40%             | 2030-06-30      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Clydesdale Acquisition Holdings, Inc.                      | Clydesdale Acquisition Holdings, Inc., First Lien, 2025 Incremental Closing Date CME Term Loan, B | CUSIP: 18972FAE2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1549270 | PA      | $1539223.39   | 0.44%             | 2032-04-01      | Variable      | 7.55%                 | No            |                  2 | On Loan: No      |
| Jane Street Group LLC                                      | Jane Street Group LLC, First Lien, Extended CME Term Loan                                         | CUSIP: 47077DAM2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3589412 | PA      | $3584602.51   | 1.03%             | 2031-12-15      | Variable      | 6.31%                 | No            |                  2 | On Loan: No      |
| Tenable, Inc.                                              | Tenable, Inc., First Lien, Initial CME Term Loan                                                  | CUSIP: 88025XAC7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    483750 | PA      | $483750.00    | 0.14%             | 2028-07-07      | Variable      | 7.19%                 | No            |                  2 | On Loan: No      |
| IRB Holding Corp.                                          | IRB Holding Corp., First Lien, 2024 Second Replacement CME Term Loan, B                           | CUSIP: 44988LAL1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    962517 | PA      | $962704.29    | 0.28%             | 2027-12-15      | Variable      | 6.83%                 | No            |                  2 | On Loan: No      |
| Advantage Sales & Marketing, Inc.                          | Advantage Sales & Marketing, Inc., First Lien, CME Term Loan, B1                                  | CUSIP: 00769EBA7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    580039 | PA      | $487888.22    | 0.14%             | 2027-10-28      | Variable      | 8.79%                 | No            |                  2 | On Loan: No      |
| Talen Energy Supply LLC                                    | Talen Energy Supply LLC, First Lien, Initial CME Term Loan, B                                     | CUSIP: 87422LAV2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    298887 | PA      | $299867.16    | 0.09%             | 2030-05-17      | Variable      | 6.81%                 | No            |                  2 | On Loan: No      |
| Light & Wonder International, Inc.                         | Light & Wonder International, Inc., First Lien, CME Term Loan, B2                                 | CUSIP: 80875AAW1<br>LEI: RLTHESQ0RNFQJWPBJN60 | Long             | LON              | CORP              | US        |   2444062 | PA      | $2444673.05   | 0.70%             | 2029-04-16      | Variable      | 6.57%                 | No            |                  2 | On Loan: No      |
| Cornerstone Building Brands, Inc.                          | Cornerstone Building Brands, Inc., First Lien, New CME Term Loan, B                               | CUSIP: 72431HAD2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1321918 | PA      | $1183665.28   | 0.34%             | 2028-04-12      | Variable      | 7.68%                 | No            |                  2 | On Loan: No      |
| Klockner Pentaplast of America, Inc.                       | Klockner Pentaplast of America, Inc., First Lien, USD CME Term Loan, B                            | CUSIP: 49865NAT7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1952633 | PA      | $1785038.92   | 0.51%             | 2026-02-09      | Variable      | 9.23%                 | No            |                  2 | On Loan: No      |
| LifePoint Health, Inc.                                     | LifePoint Health, Inc., First Lien, CME Term Loan, B1                                             | CUSIP: 75915TAK8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1494229 | PA      | $1477187.45   | 0.43%             | 2031-05-19      | Variable      | 8.01%                 | No            |                  2 | On Loan: No      |
| Kingpin Intermediate Holdings LLC                          | Kingpin Intermediate Holdings LLC, First Lien, CME Term Loan, B                                   | CUSIP: 49579GAH5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    331645 | PA      | $327499.67    | 0.09%             | 2028-02-08      | Variable      | 7.83%                 | No            |                  2 | On Loan: No      |
| Greystar Real Estate Partners LLC                          | Greystar Real Estate Partners LLC, First Lien, CME Term Loan, B2                                  | CUSIP: 39806LAD9<br>LEI: 254900HGC806SXAS4M46 | Long             | LON              | CORP              | US        |    496250 | PA      | $496250.00    | 0.14%             | 2030-08-21      | Variable      | 7.08%                 | No            |                  2 | On Loan: No      |
| Peraton Corp.                                              | Peraton Corp., First Lien, CME Term Loan, B                                                       | CUSIP: 71360HAB3<br>LEI: 549300EQPCK07ZW63836 | Long             | LON              | CORP              | US        |   1500000 | PA      | $1303387.50   | 0.38%             | 2028-02-01      | Variable      | 8.18%                 | No            |                  2 | On Loan: No      |
| AthenaHealth Group, Inc.                                   | AthenaHealth Group, Inc., First Lien, Initial CME Term Loan                                       | CUSIP: 04686RAB9<br>LEI: 254900AA3KZN4Q7A5Z33 | Long             | LON              | CORP              | US        |   2223962 | PA      | $2218402.35   | 0.64%             | 2029-02-15      | Variable      | 7.33%                 | No            |                  2 | On Loan: No      |
| Directv Financing LLC / Directv Financing Co-Obligor, Inc. | Directv Financing LLC / Directv Financing Co-Obligor, Inc.                                        | CUSIP: 25461LAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $985028.62    | 0.28%             | 2027-08-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| PetSmart LLC                                               | PetSmart LLC, First Lien, Initial CME Term Loan                                                   | CUSIP: 71677HAL9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1552371 | PA      | $1549460.78   | 0.45%             | 2028-02-11      | Variable      | 8.18%                 | No            |                  2 | On Loan: No      |
| Banijay Entertainment SAS                                  | Banijay Entertainment SAS                                                                         | CUSIP: 060335AB2<br>LEI: 969500CE0IE2EZ5VBG13 | Long             | DBT              | CORP              | FR        |    900000 | PA      | $934786.37    | 0.27%             | 2029-05-01      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| Solina Group Services SAS                                  | Solina Group Services SAS, First Lien, Additional CME Term Loan, 7                                | CUSIP: 80348KAB4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    333334 | PA      | $333750.17    | 0.10%             | 2029-03-12      | Variable      | 7.55%                 | No            |                  2 | On Loan: No      |
| Peer Holding III BV                                        | Peer Holding III BV, First Lien, CME Term Loan, B5B                                               | CUSIP: N6872NAN6<br>LEI: N/A                  | Long             | LON              | CORP              | NL        |   1246875 | PA      | $1251239.06   | 0.36%             | 2031-07-01      | Variable      | 6.80%                 | No            |                  2 | On Loan: No      |
| Scientific Games Holdings LP                               | Scientific Games Holdings LP, First Lien, 2024 Refinancing Dollar CME Term Loan                   | CUSIP: 80875CAE7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2940225 | PA      | $2927008.69   | 0.84%             | 2029-04-04      | Variable      | 7.28%                 | No            |                  2 | On Loan: No      |
| Smyrna Ready Mix Concrete LLC                              | Smyrna Ready Mix Concrete LLC                                                                     | CUSIP: 83283WAE3<br>LEI: 549300S7RFWHQFOIOY93 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2055542.00   | 0.59%             | 2031-11-15      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| Newell Brands, Inc.                                        | Newell Brands, Inc.                                                                               | CUSIP: 651229BG0<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1037048.84   | 0.30%             | 2028-06-01      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Greystone Select Financial LLC                             | Greystone Select Financial LLC, First Lien, Initial CME Term Loan                                 | CUSIP: 39808KAB3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1426154 | PA      | $1423479.86   | 0.41%             | 2028-06-16      | Variable      | 9.53%                 | No            |                  2 | On Loan: No      |
| IGT Holding IV AB                                          | IGT Holding IV AB, First Lien, CME Term Loan, B2                                                  | CUSIP: W5000CAB3<br>LEI: N/A                  | Long             | LON              | CORP              | SE        |   2928000 | PA      | $2935320.00   | 0.85%             | 2028-03-31      | Variable      | 7.97%                 | No            |                  2 | On Loan: No      |
| Naked Juice LLC                                            | Naked Juice LLC, First Lien, 2nd Out CME Term Loan                                                | CUSIP: 62984CAM5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     70000 | PA      | $50124.90     | 0.01%             | 2029-01-24      | Variable      | 7.56%                 | No            |                  2 | On Loan: No      |
| Dragon Buyer, Inc.                                         | Dragon Buyer, Inc., First Lien, CME Term Loan                                                     | CUSIP: 26143FAB5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1505660 | PA      | $1512563.86   | 0.44%             | 2031-09-30      | Variable      | 7.30%                 | No            |                  2 | On Loan: No      |
| Madison IAQ LLC                                            | Madison IAQ LLC, First Lien, Initial CME Term Loan                                                | CUSIP: 55759VAB4<br>LEI: 549300IXDNBXNHUPBU73 | Long             | LON              | CORP              | US        |   2772449 | PA      | $2774181.58   | 0.80%             | 2028-06-21      | Variable      | 6.76%                 | No            |                  2 | On Loan: No      |
| Talen Energy Supply LLC                                    | Talen Energy Supply LLC, First Lien, 2024-1 Incremental CME Term Loan, B                          | CUSIP: 87422LAY6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    357848 | PA      | $358881.70    | 0.10%             | 2031-12-11      | Variable      | 6.81%                 | No            |                  2 | On Loan: No      |
| Connect Finco SARL                                         | Connect Finco SARL, First Lien, Amendment No. 4 CME Term Loan                                     | CUSIP: L2000DAH7<br>LEI: N/A                  | Long             | LON              | CORP              | LU        |   1868085 | PA      | $1715145.18   | 0.49%             | 2029-09-13      | Variable      | 8.82%                 | No            |                  2 | On Loan: No      |
| SeaWorld Parks & Entertainment, Inc.                       | SeaWorld Parks & Entertainment, Inc., First Lien, CME Term Loan, B3                               | CUSIP: 78488CAL4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    990013 | PA      | $986299.98    | 0.28%             | 2031-12-04      | Variable      | 6.33%                 | No            |                  2 | On Loan: No      |
| Bleriot US Bidco, Inc.                                     | Bleriot US Bidco, Inc., First Lien, 2023 CME Term Loan                                            | CUSIP: 09353TAJ9<br>LEI: 254900ALCQ2A2VYD5Z08 | Long             | LON              | CORP              | US        |    491294 | PA      | $492521.91    | 0.14%             | 2030-10-31      | Variable      | 7.05%                 | No            |                  2 | On Loan: No      |
| Fortress Intermediate 3, Inc.                              | Fortress Intermediate 3, Inc., First Lien, Initial CME Term Loan                                  | CUSIP: 34966LAB0<br>LEI: 254900NLAZ3JQJW5JP75 | Long             | LON              | CORP              | US        |    572125 | PA      | $573555.31    | 0.17%             | 2031-06-27      | Variable      | 7.83%                 | No            |                  2 | On Loan: No      |
| Flynn Restaurant Group LP                                  | Flynn Restaurant Group LP, First Lien, 2025 CME Term Loan                                         | CUSIP: 34410JAG6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1716952 | PA      | $1706006.43   | 0.49%             | 2032-01-28      | Variable      | 8.07%                 | No            |                  2 | On Loan: No      |
| Altar Bidco, Inc.                                          | Altar Bidco, Inc., Second Lien, Initial CME Term Loan                                             | CUSIP: 02090CAB6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2872500 | PA      | $2714512.50   | 0.78%             | 2030-02-01      | Variable      | 9.75%                 | No            |                  2 | On Loan: No      |
| Geon Performance Solutions LLC                             | Geon Performance Solutions LLC, First Lien, Initial CME Term Loan                                 | CUSIP: 37254YAB6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    965737 | PA      | $937248.23    | 0.27%             | 2028-08-18      | Variable      | 8.81%                 | No            |                  2 | On Loan: No      |
| Glatfelter Corp.                                           | Glatfelter Corp., First Lien, CME Term Loan                                                       | CUSIP: 89458XAB3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1995000 | PA      | $1936815.83   | 0.56%             | 2031-11-04      | Variable      | 8.56%                 | No            |                  2 | On Loan: No      |
| Ivanti Software, Inc.                                      | Ivanti Software, Inc., First Lien, CME Term Loan, B                                               | CUSIP: 46583DAG4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1930300 | PA      | $1641363.04   | 0.47%             | 2027-12-01      | Variable      | 8.79%                 | No            |                  2 | On Loan: No      |
| Aramark Services, Inc.                                     | Aramark Services, Inc., First Lien, CME Term Loan, B8                                             | CUSIP: 03852JAV3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    729516 | PA      | $731718.77    | 0.21%             | 2030-06-24      | Variable      | 6.33%                 | No            |                  2 | On Loan: No      |
| Hoya Midco LLC                                             | Hoya Midco LLC, First Lien, 2025 Refinancing CME Term Loan                                        | CUSIP: 44325HAF5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    300000 | PA      | $286032.00    | 0.08%             | 2029-02-05      | Variable      | 6.53%                 | No            |                  2 | On Loan: No      |
| Brand Industrial Services, Inc.                            | Brand Industrial Services, Inc.                                                                   | CUSIP: 104931AA8<br>LEI: 549300B658W2BPDQMW42 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $898176.40    | 0.26%             | 2030-08-01      | Fixed         | 10.38%                | No            |                  2 | On Loan: No      |
| Enviri Corp.                                               | Enviri Corp., First Lien, CME Term Loan, B3                                                       | CUSIP: 41587CAR9<br>LEI: KAO98FK89NPNNPQGUZ43 | Long             | LON              | CORP              | US        |   1925000 | PA      | $1905268.74   | 0.55%             | 2028-06-09      | Variable      | 6.69%                 | No            |                  2 | On Loan: No      |
| Petco Health & Wellness Co., Inc.                          | Petco Health & Wellness Co., Inc., First Lien, Initial CME Term Loan                              | CUSIP: 71601HAB2<br>LEI: 2549007TYGV6RVSE9M61 | Long             | LON              | CORP              | US        |   1876765 | PA      | $1743880.38   | 0.50%             | 2028-03-03      | Variable      | 7.81%                 | No            |                  2 | On Loan: No      |
| Great Outdoors Group LLC                                   | Great Outdoors Group LLC, First Lien, CME Term Loan, B                                            | CUSIP: 07014QAP6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2882023 | PA      | $2864370.24   | 0.83%             | 2032-01-23      | Variable      | 7.58%                 | No            |                  2 | On Loan: No      |
| Genesee & Wyoming, Inc.                                    | Genesee & Wyoming, Inc., First Lien, Initial CME Term Loan                                        | CUSIP: 37156QAZ9<br>LEI: G617XSG94Z7G0RMW3L02 | Long             | LON              | CORP              | US        |    626850 | PA      | $624649.76    | 0.18%             | 2031-04-10      | Variable      | 6.05%                 | No            |                  2 | On Loan: No      |
| Dun & Bradstreet Corp. (The)                               | Dun & Bradstreet Corp. (The), First Lien, Incremental CME Term Loan, B2                           | CUSIP: 26483NAW0<br>LEI: RI37BMPWE56BCJ747E14 | Long             | LON              | CORP              | US        |   1802168 | PA      | $1803294.64   | 0.52%             | 2029-01-18      | Variable      | 6.57%                 | No            |                  2 | On Loan: No      |
| ChampionX Corp.                                            | ChampionX Corp., First Lien, CME Term Loan, B1                                                    | CUSIP: 15872NAC6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    977612 | PA      | $981738.02    | 0.28%             | 2029-06-07      | Variable      | 7.18%                 | No            |                  2 | On Loan: No      |
| Asurion LLC                                                | Asurion LLC, First Lien, New CME Term Loan, B8                                                    | CUSIP: 04649VAX8<br>LEI: 549300KNQVXGIOXWK278 | Long             | LON              | CORP              | US        |      1899 | PA      | $1900.04      | 0.00%             | 2026-12-23      | Variable      | 7.69%                 | No            |                  2 | On Loan: No      |
| HUB International Ltd.                                     | HUB International Ltd., First Lien, 2025 Incremental CME Term Loan                                | CUSIP: 44332EAZ9<br>LEI: 549300JQT6ATTUNS5E06 | Long             | LON              | CORP              | US        |   1598853 | PA      | $1600611.98   | 0.46%             | 2030-06-20      | Variable      | 6.77%                 | No            |                  2 | On Loan: No      |
| Oryx Midstream Services Permian Basin LLC                  | Oryx Midstream Services Permian Basin LLC, First Lien, Initial CME Term Loan                      | CUSIP: 68764JAJ0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1907148 | PA      | $1908702.40   | 0.55%             | 2028-10-05      | Variable      | 6.57%                 | No            |                  2 | On Loan: No      |
| Apollo Commercial Real Estate Finance, Inc.                | Apollo Commercial Real Estate Finance, Inc., First Lien, CME Term Loan, B1                        | CUSIP: 03768DAC1<br>LEI: 549300E0AN7M2AQHSY29 | Long             | LON              | CORP              | US        |   1392000 | PA      | $1388520.00   | 0.40%             | 2028-03-06      | Variable      | 7.94%                 | No            |                  2 | On Loan: No      |
| Restoration Hardware, Inc.                                 | Restoration Hardware, Inc., First Lien, 2022 Incremental CME Term Loan                            | CUSIP: 76133MAC5<br>LEI: 5493008MTS3OGGMHGK69 | Long             | LON              | CORP              | US        |   1989796 | PA      | $1916949.49   | 0.55%             | 2028-10-20      | Variable      | 7.68%                 | No            |                  2 | On Loan: No      |
| Covetrus, Inc.                                             | Covetrus, Inc., First Lien, Initial CME Term Loan                                                 | CUSIP: 22304EAC0<br>LEI: 5493009S30DUFCF75V87 | Long             | LON              | CORP              | US        |    977532 | PA      | $882916.24    | 0.25%             | 2029-10-15      | Variable      | 9.30%                 | No            |                  2 | On Loan: No      |
| Arsenal AIC Parent LLC                                     | Arsenal AIC Parent LLC, First Lien, 2025 Refinancing CME Term Loan, B                             | CUSIP: 04287KAG6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    985081 | PA      | $983849.72    | 0.28%             | 2030-08-19      | Variable      | 7.08%                 | No            |                  2 | On Loan: No      |
| N/A                                                        | CDI                                                                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |  14375000 | PA      | $337412.85    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| WR Grace Holdings LLC                                      | WR Grace Holdings LLC, First Lien, Initial CME Term Loan                                          | CUSIP: 92943HAB5<br>LEI: 549300WNOVFRGYOAEB12 | Long             | LON              | CORP              | US        |   1954595 | PA      | $1953618.05   | 0.56%             | 2028-09-22      | Variable      | 7.55%                 | No            |                  2 | On Loan: No      |
| WestJet Loyalty LP                                         | WestJet Loyalty LP, First Lien, Initial CME Term Loan                                             | CUSIP: C9763HAB3<br>LEI: N/A                  | Long             | LON              | CORP              | CA        |   1386000 | PA      | $1377094.92   | 0.40%             | 2031-02-14      | Variable      | 7.55%                 | No            |                  2 | On Loan: No      |
| Encore Capital Group, Inc.                                 | Encore Capital Group, Inc.                                                                        | CUSIP: 292554AQ5<br>LEI: 5493000UVC6H49CIH830 | Long             | DBT              | CORP              | US        |    900000 | PA      | $960750.00    | 0.28%             | 2029-04-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| Lippert Components, Inc.                                   | Lippert Components, Inc., First Lien, CME Term Loan                                               | CUSIP: 53631HAE8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1000000 | PA      | $1003750.00   | 0.29%             | 2032-03-25      | Variable      | 6.83%                 | No            |                  2 | On Loan: No      |
| Filtration Group Corp.                                     | Filtration Group Corp., First Lien, 2025 Incremental Dollar CME Term Loan                         | CUSIP: 31732FAV8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2426043 | PA      | $2436486.82   | 0.70%             | 2028-10-23      | Variable      | 7.33%                 | No            |                  2 | On Loan: No      |
| Allied Universal Holdco LLC                                | Allied Universal Holdco LLC, First Lien, Initial USD CME Term Loan                                | CUSIP: 01957TAH0<br>LEI: 98450038B4549046D794 | Long             | LON              | CORP              | US        |   1934849 | PA      | $1939841.18   | 0.56%             | 2028-05-12      | Variable      | 8.18%                 | No            |                  2 | On Loan: No      |
| Cimpress USA, Inc.                                         | Cimpress USA, Inc., First Lien, 2024-2 Refinancing Term Loan, B1                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    306919 | PA      | $305257.28    | 0.09%             | 2028-05-17      | Variable      | 6.82%                 | No            |                  2 | On Loan: No      |
| Naked Juice LLC                                            | Naked Juice LLC, First Lien, 3rd Out CME Term Loan                                                | CUSIP: 62984CAN3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    280000 | PA      | $105000.00    | 0.03%             | 2030-01-24      | Variable      | 10.31%                | No            |                  2 | On Loan: No      |
| McAfee Corp.                                               | McAfee Corp., First Lien, CME Term Loan, B1                                                       | CUSIP: 57906HAF4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2985724 | PA      | $2881969.85   | 0.83%             | 2029-03-01      | Variable      | 7.33%                 | No            |                  2 | On Loan: No      |
| Putnam Funds Trust                                         | Putnam Short Term Investment Fund, Class P                                                        | CUSIP: 74676P664<br>LEI: 549300S9JYWEMKQCLW53 | Long             |  | RF                | US        |  14945842 | NS      | $14945842.00  | 4.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Chariot Buyer LLC                                          | Chariot Buyer LLC, First Lien, Initial CME Term Loan                                              | CUSIP: 15963CAC0<br>LEI: 25490092IFNOZBRVE539 | Long             | LON              | CORP              | US        |   2902500 | PA      | $2895084.10   | 0.83%             | 2028-11-03      | Variable      | 7.68%                 | No            |                  2 | On Loan: No      |
| Genesys Cloud Services, Inc.                               | Genesys Cloud Services, Inc., First Lien, 2025 Dollar CME Term Loan                               | CUSIP: 39479UAY9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2376170 | PA      | $2372356.04   | 0.68%             | 2032-01-30      | Variable      | 6.83%                 | No            |                  2 | On Loan: No      |
| GBT US III LLC                                             | GBT US III LLC, First Lien, CME Term Loan, B1                                                     | CUSIP: 36154HAC4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    997500 | PA      | $998168.33    | 0.29%             | 2031-07-25      | Variable      | 6.78%                 | No            |                  2 | On Loan: No      |
| A-AP Buyer, Inc.                                           | A-AP Buyer, Inc., First Lien, Initial CME Term Loan                                               | CUSIP: 00036FAB0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    997500 | PA      | $998746.88    | 0.29%             | 2031-09-09      | Variable      | 7.08%                 | No            |                  2 | On Loan: No      |
| Topgolf Callaway Brands Corp.                              | Topgolf Callaway Brands Corp., First Lien, Initial CME Term Loan                                  | CUSIP: 89071LAB6<br>LEI: 5493005UB0KFRKBPCU72 | Long             | LON              | CORP              | US        |   1175000 | PA      | $1149737.50   | 0.33%             | 2030-03-18      | Variable      | 7.33%                 | No            |                  2 | On Loan: No      |
| Roper Industrial Products Investment Co. LLC               | Roper Industrial Products Investment Co. LLC, First Lien, Dollar CME Term Loan, D                 | CUSIP: 77669LAK9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    982612 | PA      | $979728.22    | 0.28%             | 2029-11-22      | Variable      | 7.05%                 | No            |                  2 | On Loan: No      |
| Caesars Entertainment, Inc.                                | Caesars Entertainment, Inc., First Lien, 2023 Incremental CME Term Loan, B                        | CUSIP: 12768EAG1<br>LEI: 549300FA4CTCW903Y781 | Long             | LON              | CORP              | US        |   1640000 | PA      | $1638975.00   | 0.47%             | 2030-02-06      | Variable      | 6.58%                 | No            |                  2 | On Loan: No      |
| Bausch + Lomb Corp.                                        | Bausch + Lomb Corp., First Lien, New CME Term Loan                                                | CUSIP: C0787FAG7<br>LEI: N/A                  | Long             | LON              | CORP              | CA        |    594456 | PA      | $594702.85    | 0.17%             | 2028-09-29      | Variable      | 8.33%                 | No            |                  2 | On Loan: No      |
| Brand Industrial Services, Inc.                            | Brand Industrial Services, Inc., First Lien, CME Term Loan, C                                     | CUSIP: 10524MAS6<br>LEI: 549300B658W2BPDQMW42 | Long             | LON              | CORP              | US        |    876589 | PA      | $738342.06    | 0.21%             | 2030-08-01      | Variable      | 8.78%                 | No            |                  2 | On Loan: No      |
| Asplundh Tree Expert LLC                                   | Asplundh Tree Expert LLC, First Lien, CME Term Loan, B                                            | CUSIP: 04538FAE9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    991500 | PA      | $994291.07    | 0.29%             | 2031-05-08      | Variable      | 6.08%                 | No            |                  2 | On Loan: No      |
| Mauser Packaging Solutions Holding Co.                     | Mauser Packaging Solutions Holding Co., First Lien, Initial CME Term Loan                         | CUSIP: 57763TAE3<br>LEI: 549300DNGHXL0OMHW304 | Long             | LON              | CORP              | US        |   1454318 | PA      | $1448413.33   | 0.42%             | 2027-04-15      | Variable      | 7.32%                 | No            |                  2 | On Loan: No      |
| Skopima Consilio Parent LLC                                | Skopima Consilio Parent LLC, First Lien, Amendment No. 5 CME Term Loan                            | CUSIP: 36171NAG1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    990019 | PA      | $987365.50    | 0.28%             | 2028-05-12      | Variable      | 8.08%                 | No            |                  2 | On Loan: No      |
| Central Parent, Inc. / CDK Global, Inc.                    | Central Parent, Inc. / CDK Global, Inc.                                                           | CUSIP: 15477CAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1773549.20   | 0.51%             | 2029-06-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| DIRECTV Financing LLC                                      | DIRECTV Financing LLC, First Lien, 2024 Refinancing CME Term Loan, B                              | CUSIP: 25460HAD4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    769405 | PA      | $759968.20    | 0.22%             | 2029-08-02      | Variable      | 9.79%                 | No            |                  2 | On Loan: No      |
| Latham Pool Products, Inc.                                 | Latham Pool Products, Inc., First Lien, Initial CME Term Loan                                     | CUSIP: 51822LAE2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    495793 | PA      | $484017.81    | 0.14%             | 2029-02-23      | Variable      | 8.43%                 | No            |                  2 | On Loan: No      |
| Boost Newco Borrower LLC                                   | Boost Newco Borrower LLC, First Lien, CME Term Loan, B2                                           | CUSIP: 92943EAG1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1330000 | PA      | $1333950.11   | 0.38%             | 2031-01-31      | Variable      | 8.47%                 | No            |                  2 | On Loan: No      |
| Genuine Financial Holdings LLC                             | Genuine Financial Holdings LLC, First Lien, 2025 Replacement CME Term Loan                        | CUSIP: 37190DAN3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1488712 | PA      | $1457077.09   | 0.42%             | 2030-09-27      | Variable      | 7.57%                 | No            |                  2 | On Loan: No      |
| Terex Corp.                                                | Terex Corp., First Lien, U.S. CME Term Loan                                                       | CUSIP: 88078FBM9<br>LEI: YAWJZJYEQ7M1SYMOS462 | Long             | LON              | CORP              | US        |    923077 | PA      | $925675.46    | 0.27%             | 2031-10-08      | Variable      | 6.30%                 | No            |                  2 | On Loan: No      |
| Invenergy Thermal Operating I LLC                          | Invenergy Thermal Operating I LLC, First Lien, CME Term Loan, B                                   | CUSIP: 46123UAP3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     90144 | PA      | $90895.49     | 0.03%             | 2032-05-06      | Variable      | 7.91%                 | No            |                  2 | On Loan: No      |
| Fertitta Entertainment LLC                                 | Fertitta Entertainment LLC, First Lien, Initial CME Term Loan, B                                  | CUSIP: 31556PAB3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    932897 | PA      | $928718.11    | 0.27%             | 2029-01-29      | Variable      | 7.83%                 | No            |                  2 | On Loan: No      |
| OneSky Flight LLC                                          | OneSky Flight LLC                                                                                 | CUSIP: 68278CAA3<br>LEI: 549300PM6NEPXGG5B882 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2018078.00   | 0.58%             | 2029-12-15      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| Plastipak Packaging, Inc.                                  | Plastipak Packaging, Inc., First Lien, CME Term Loan, B                                           | CUSIP: 72761JAH9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    400000 | PA      | $400876.00    | 0.12%             | 2028-12-01      | Variable      | 6.58%                 | No            |                  2 | On Loan: No      |
| Perrigo Investments LLC                                    | Perrigo Investments LLC, First Lien, 2024 Refinancing CME Term Loan, B                            | CUSIP: 71429TAF7<br>LEI: N/A                  | Long             | LON              | CORP              | IE        |    697962 | PA      | $699124.57    | 0.20%             | 2029-04-20      | Variable      | 6.33%                 | No            |                  2 | On Loan: No      |
| Flash Charm, Inc.                                          | Flash Charm, Inc., First Lien, CME Term Loan, B2                                                  | CUSIP: 45168RAT0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1985000 | PA      | $1890722.43   | 0.55%             | 2028-03-02      | Variable      | 7.78%                 | No            |                  2 | On Loan: No      |
| LBM Acquisition LLC                                        | LBM Acquisition LLC, First Lien, Amendment No. 3 Incremental CME Term Loan                        | CUSIP: 50179JAH1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2731875 | PA      | $2462594.23   | 0.71%             | 2031-06-06      | Variable      | 8.18%                 | No            |                  2 | On Loan: No      |
| TAMKO Building Products LLC                                | TAMKO Building Products LLC, First Lien, 2024 CME Term Loan                                       | CUSIP: 87510EAD1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1990389 | PA      | $1997027.00   | 0.58%             | 2030-09-20      | Variable      | 7.06%                 | No            |                  2 | On Loan: No      |
| Johnstone Supply LLC                                       | Johnstone Supply LLC, First Lien, CME Term Loan                                                   | CUSIP: 47947BAF9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    994994 | PA      | $994446.50    | 0.29%             | 2031-06-09      | Variable      | 6.82%                 | No            |                  2 | On Loan: No      |
| WEC US Holdings, Inc.                                      | WEC US Holdings, Inc., First Lien, Initial CME Term Loan                                          | CUSIP: 92943LAC4<br>LEI: 5493002M6GRSU1IWMG57 | Long             | LON              | CORP              | US        |    992500 | PA      | $991795.33    | 0.29%             | 2031-01-27      | Variable      | 6.57%                 | No            |                  2 | On Loan: No      |
| Venture Global LNG, Inc.                                   | Venture Global LNG, Inc.                                                                          | CUSIP: 92332YAA9<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1024135.00   | 0.30%             | 2028-06-01      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| SCIH Salt Holdings, Inc.                                   | SCIH Salt Holdings, Inc., First Lien, Incremental CME Term Loan, B1                               | CUSIP: 78397GAF8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2081457 | PA      | $2079021.53   | 0.60%             | 2029-01-31      | Variable      | 7.28%                 | No            |                  2 | On Loan: No      |
| Teva Pharmaceutical Finance Netherlands III BV             | Teva Pharmaceutical Finance Netherlands III BV                                                    | CUSIP: 88167AAK7<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |   1000000 | PA      | $1034753.00   | 0.30%             | 2028-03-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Tempo Acquisition LLC                                      | Tempo Acquisition LLC, First Lien, Seventh Incremental CME Term Loan                              | CUSIP: 88023HAJ9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1094699 | PA      | $1091278.25   | 0.31%             | 2028-08-31      | Variable      | 6.08%                 | No            |                  2 | On Loan: No      |
| Viasat, Inc.                                               | Viasat, Inc., First Lien, Initial CME Term Loan                                                   | CUSIP: 92555WAD7<br>LEI: UFC8NYMNFSYIHNSM2I38 | Long             | LON              | CORP              | US        |    974937 | PA      | $925746.84    | 0.27%             | 2029-03-02      | Variable      | 8.94%                 | No            |                  2 | On Loan: No      |
| Voyage Australia Pty. Ltd.                                 | Voyage Australia Pty. Ltd., First Lien, Initial U.S. CME Term Loan                                | CUSIP: Q9489TAB5<br>LEI: 984500552F00VE5LE453 | Long             | LON              | CORP              | AU        |   1930000 | PA      | $1939051.70   | 0.56%             | 2028-07-20      | Variable      | 8.03%                 | No            |                  2 | On Loan: No      |
| GIP II Blue Holding LP                                     | GIP II Blue Holding LP, First Lien, Initial CME Term Loan                                         | CUSIP: 31575AAB3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    929399 | PA      | $933269.45    | 0.27%             | 2028-09-29      | Variable      | 8.07%                 | No            |                  2 | On Loan: No      |
| Queen MergerCo, Inc.                                       | Queen MergerCo, Inc., First Lien, CME Term Loan, B                                                | CUSIP: 07368RAJ0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    119929 | PA      | $120460.77    | 0.03%             | 2032-04-30      | Variable      | 7.28%                 | No            |                  2 | On Loan: No      |
| Phoenix Newco, Inc.                                        | Phoenix Newco, Inc., First Lien, Sixth Amendment CME Term Loan                                    | CUSIP: 71911KAE4<br>LEI: 254900PHGVI5379Z9791 | Long             | LON              | CORP              | US        |   2797557 | PA      | $2801850.79   | 0.81%             | 2028-11-15      | Variable      | 6.83%                 | No            |                  2 | On Loan: No      |
| MH Sub I LLC                                               | MH Sub I LLC, First Lien, 2024 December New CME Term Loan                                         | CUSIP: 45567YAP0<br>LEI: 2549005VFKP807SR8N49 | Long             | LON              | CORP              | US        |   1111956 | PA      | $1019246.69   | 0.29%             | 2031-12-31      | Variable      | 8.58%                 | No            |                  2 | On Loan: No      |
| ConnectWise LLC                                            | ConnectWise LLC, First Lien, Initial CME Term Loan                                                | CUSIP: 20786NAC1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1343374 | PA      | $1347995.34   | 0.39%             | 2028-09-29      | Variable      | 8.06%                 | No            |                  2 | On Loan: No      |
| BCP Renaissance Parent LLC                                 | BCP Renaissance Parent LLC, First Lien, Initial CME Term Loan, B6                                 | CUSIP: 05549PAG6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1554988 | PA      | $1557514.53   | 0.45%             | 2028-10-31      | Variable      | 7.30%                 | No            |                  2 | On Loan: No      |
| CHG Healthcare Services, Inc.                              | CHG Healthcare Services, Inc., First Lien, Refinancing CME Term Loan                              | CUSIP: 12541HAW3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    987519 | PA      | $990777.62    | 0.29%             | 2028-09-29      | Variable      | 7.33%                 | No            |                  2 | On Loan: No      |
| Central Parent LLC                                         | Central Parent LLC, First Lien, 2024 Refinancing CME Term Loan                                    | CUSIP: 15477BAE7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1982538 | PA      | $1769761.66   | 0.51%             | 2029-07-06      | Variable      | 7.55%                 | No            |                  2 | On Loan: No      |
| Watlow Electric Manufacturing Co.                          | Watlow Electric Manufacturing Co., First Lien, Initial CME Term Loan                              | CUSIP: 94254PAC4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1314552 | PA      | $1318252.29   | 0.38%             | 2028-03-02      | Variable      | 7.28%                 | No            |                  2 | On Loan: No      |
| Concentra Health Services, Inc.                            | Concentra Health Services, Inc., First Lien, CME Term Loan, B1                                    | CUSIP: 20602RAD2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    997500 | PA      | $1002487.50   | 0.29%             | 2031-07-28      | Variable      | 6.33%                 | No            |                  2 | On Loan: No      |
| Chart Industries, Inc.                                     | Chart Industries, Inc., First Lien, Amendment No. 7 CME Term Loan                                 | CUSIP: 16115EAT4<br>LEI: EM7QGKC1GYOF3LSZSL80 | Long             | LON              | CORP              | US        |   2406682 | PA      | $2416465.52   | 0.70%             | 2030-03-15      | Variable      | 6.79%                 | No            |                  2 | On Loan: No      |
| TRC Cos., Inc.                                             | TRC Cos., Inc., First Lien, 2025 Refinancing CME Term Loan                                        | CUSIP: 29280KAH8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1974695 | PA      | $1965808.52   | 0.57%             | 2028-12-08      | Variable      | 7.33%                 | No            |                  2 | On Loan: No      |
| Hexion Holdings Corp.                                      | Hexion Holdings Corp., Second Lien, Initial CME Term Loan                                         | CUSIP: 42829JAB5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1751765 | PA      | $1698116.92   | 0.49%             | 2030-03-15      | Variable      | 11.86%                | No            |                  2 | On Loan: No      |
| Minimax Viking GmbH                                        | Minimax Viking GmbH, First Lien, Senior (USD) CME Term Loan, B                                    | CUSIP: 55404TAF9<br>LEI: N/A                  | Long             | LON              | CORP              | DE        |    181370 | PA      | $181823.15    | 0.05%             | 2032-02-20      | Variable      | 6.58%                 | No            |                  2 | On Loan: No      |
| SkyMiles IP Ltd.                                           | SkyMiles IP Ltd., First Lien, Initial CME Term Loan                                               | CUSIP: 24736CBS2<br>LEI: 2549008L7P4I8VB90936 | Long             | LON              | CORP              | US        |   1973292 | PA      | $1988831.64   | 0.57%             | 2027-10-20      | Variable      | 8.02%                 | No            |                  2 | On Loan: No      |
| Windsor Holdings III LLC                                   | Windsor Holdings III LLC, First Lien, 2025 Refinancing CME Term Loan, B                           | CUSIP: 97360BAH8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    985081 | PA      | $983697.03    | 0.28%             | 2030-08-01      | Variable      | 7.07%                 | No            |                  2 | On Loan: No      |
| Motion Finco SARL                                          | Motion Finco SARL, First Lien, CME Term Loan, B3                                                  | CUSIP: L6526BAG9<br>LEI: N/A                  | Long             | LON              | CORP              | LU        |   1980075 | PA      | $1877150.59   | 0.54%             | 2029-11-13      | Variable      | 7.80%                 | No            |                  2 | On Loan: No      |
| Ascend Learning LLC                                        | Ascend Learning LLC, First Lien, Initial CME Term Loan                                            | CUSIP: 04349HAN4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1961880 | PA      | $1955130.76   | 0.56%             | 2028-12-11      | Variable      | 7.33%                 | No            |                  2 | On Loan: No      |
| Neon Maple US Debt Mergersub, Inc.                         | Neon Maple US Debt Mergersub, Inc., First Lien, Term Loan, B1                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   2000000 | PA      | $1999590.00   | 0.58%             | 2031-11-17      | Variable      | 7.32%                 | No            |                  2 | On Loan: No      |
| Boxer Parent Co., Inc.                                     | Boxer Parent Co., Inc., First Lien, 2031 Replacement Dollar CME Term Loan                         | CUSIP: 05988HAQ0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2365630 | PA      | $2351944.33   | 0.68%             | 2031-07-30      | Variable      | 7.33%                 | No            |                  2 | On Loan: No      |
| Quikrete Holdings, Inc.                                    | Quikrete Holdings, Inc., First Lien, CME Term Loan, B1                                            | CUSIP: 74839XAM1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1485646 | PA      | $1480914.65   | 0.43%             | 2031-04-14      | Variable      | 6.58%                 | No            |                  2 | On Loan: No      |
| Acrisure LLC / Acrisure Finance, Inc.                      | Acrisure LLC / Acrisure Finance, Inc.                                                             | CUSIP: 00489LAL7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1032549.06   | 0.30%             | 2030-11-06      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Soliant Lower Intermediate LLC                             | Soliant Lower Intermediate LLC, First Lien, Initial CME Term Loan                                 | CUSIP: 83421EAB2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    498750 | PA      | $492829.84    | 0.14%             | 2031-07-18      | Variable      | 8.00%                 | No            |                  2 | On Loan: No      |
| Gen Digital, Inc.                                          | Gen Digital, Inc., First Lien, Second Amendment Incremental CME Term Loan, B                      | CUSIP: 66877AAG3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1300000 | PA      | $1299350.00   | 0.37%             | 2032-04-16      | Variable      | 6.08%                 | No            |                  2 | On Loan: No      |
| CPM Holdings, Inc.                                         | CPM Holdings, Inc., First Lien, Initial CME Term Loan                                             | CUSIP: 12620BAR1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1343148 | PA      | $1331751.76   | 0.38%             | 2028-09-28      | Variable      | 8.82%                 | No            |                  2 | On Loan: No      |
| Verde Purchaser LLC                                        | Verde Purchaser LLC, First Lien, Second Refinancing CME Term Loan                                 | CUSIP: 92338TAB2<br>LEI: 2549004HFEKMUGBG3Z35 | Long             | LON              | CORP              | US        |   1743215 | PA      | $1746544.79   | 0.50%             | 2030-11-30      | Variable      | 8.30%                 | No            |                  2 | On Loan: No      |
| Savage Enterprises LLC                                     | Savage Enterprises LLC, First Lien, Refinancing CME Term Loan                                     | CUSIP: 80465JAH1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    663274 | PA      | $665658.28    | 0.19%             | 2028-09-15      | Variable      | 7.08%                 | No            |                  2 | On Loan: No      |
| ARC Falcon I, Inc.                                         | ARC Falcon I, Inc., First Lien, Initial CME Term Loan                                             | CUSIP: 03880YAC8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1979566 | PA      | $1982971.13   | 0.57%             | 2028-10-02      | Variable      | 7.93%                 | No            |                  2 | On Loan: No      |
| Vision Solutions, Inc.                                     | Vision Solutions, Inc., First Lien, New CME Term Loan, B                                          | CUSIP: 70477BAE2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1822778 | PA      | $1713866.78   | 0.49%             | 2028-04-24      | Variable      | 8.54%                 | No            |                  2 | On Loan: No      |
| Acrisure LLC                                               | Acrisure LLC, First Lien, CME Term Loan, B6                                                       | CUSIP: 00488PAV7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1492509 | PA      | $1487225.89   | 0.43%             | 2030-11-06      | Variable      | 7.33%                 | No            |                  2 | On Loan: No      |
| Vibrantz Technologies, Inc.                                | Vibrantz Technologies, Inc., First Lien, Initial CME Term Loan                                    | CUSIP: 69346EAG2<br>LEI: 549300GYZ1T3S8OPH343 | Long             | LON              | CORP              | US        |   2707882 | PA      | $2392251.57   | 0.69%             | 2029-04-23      | Variable      | 8.64%                 | No            |                  2 | On Loan: No      |
| Frontier Communications Holdings LLC                       | Frontier Communications Holdings LLC, First Lien, Initial CME Term Loan                           | CUSIP: 35906EAU4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1496250 | PA      | $1498591.63   | 0.43%             | 2031-07-01      | Variable      | 6.79%                 | No            |                  2 | On Loan: No      |
| Starwood Property Trust, Inc.                              | Starwood Property Trust, Inc.                                                                     | CUSIP: 85571BBD6<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2029856.00   | 0.59%             | 2030-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Cengage Learning, Inc.                                     | Cengage Learning, Inc., First Lien, 2024 Refinancing CME Term Loan                                | CUSIP: 15131YAQ8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1687271 | PA      | $1691295.40   | 0.49%             | 2031-03-24      | Variable      | 7.83%                 | No            |                  2 | On Loan: No      |
| EquipmentShare.com, Inc.                                   | EquipmentShare.com, Inc.                                                                          | CUSIP: 29450YAA7<br>LEI: 254900PWJK48CGPKPI80 | Long             | DBT              | CORP              | US        |   1180000 | PA      | $1226474.30   | 0.35%             | 2028-05-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| MH Sub I LLC                                               | MH Sub I LLC (Micro Holding Corp.), First Lien, CME Term Loan                                     | CUSIP: 45567YAN5<br>LEI: 2549005VFKP807SR8N49 | Long             | LON              | CORP              | US        |   1642983 | PA      | $1583425.31   | 0.46%             | 2028-05-03      | Variable      | 8.57%                 | No            |                  2 | On Loan: No      |
| Fender Musical Instruments Corp.                           | Fender Musical Instruments Corp., First Lien, Initial CME Term Loan                               | CUSIP: 31446UAN0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1857909 | PA      | $1690696.93   | 0.49%             | 2028-12-01      | Variable      | 8.43%                 | No            |                  2 | On Loan: No      |
| Kodiak Building Partners, Inc.                             | Kodiak Building Partners, Inc., First Lien, CME Term Loan, B                                      | CUSIP: 50011JAF7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2010582 | PA      | $1918316.05   | 0.55%             | 2031-12-04      | Variable      | 8.03%                 | No            |                  2 | On Loan: No      |
| Core & Main LP                                             | Core & Main LP, First Lien, CME Term Loan, D                                                      | CUSIP: 40416VAG0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1243123 | PA      | $1245460.16   | 0.36%             | 2028-07-27      | Variable      | 6.27%                 | No            |                  2 | On Loan: No      |
| Horizon US Finco LP                                        | Horizon US Finco LP, First Lien, CME Term Loan, B                                                 | CUSIP: 44057XAB3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1793017 | PA      | $1683194.35   | 0.49%             | 2031-10-31      | Variable      | 9.03%                 | No            |                  2 | On Loan: No      |
| Virgin Media Bristol LLC                                   | Virgin Media Bristol LLC, First Lien, Term Loan, Y3                                               | CUSIP: G9368PBK9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1000000 | PA      | $986420.00    | 0.28%             | 2031-03-31      | Variable      | 7.58%                 | No            |                  2 | On Loan: No      |
| Bausch + Lomb Corp.                                        | Bausch + Lomb Corp., First Lien, Initial CME Term Loan                                            | CUSIP: C0787FAB8<br>LEI: 549300NY6OZM39SO6475 | Long             | LON              | CORP              | CA        |   2648762 | PA      | $2643941.26   | 0.76%             | 2027-05-10      | Variable      | 7.68%                 | No            |                  2 | On Loan: No      |
| Vertex Aerospace Services Corp.                            | Vertex Aerospace Services Corp., First Lien, 2024 CME Term Loan                                   | CUSIP: 92532MAE5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    498750 | PA      | $497971.95    | 0.14%             | 2030-12-06      | Variable      | 6.58%                 | No            |                  2 | On Loan: No      |
| Jazz Financing Lux SARL                                    | Jazz Financing Lux SARL, First Lien, Dollar CME Term Loan, B2                                     | CUSIP: G5080AAJ1<br>LEI: N/A                  | Long             | LON              | CORP              | LU        |      2577 | PA      | $2579.12      | 0.00%             | 2028-05-05      | Variable      | 6.58%                 | No            |                  2 | On Loan: No      |
| CSC Holdings LLC                                           | CSC Holdings LLC, First Lien, Term Loan, B5                                                       | CUSIP: 64072UAK8<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | LON              | CORP              | US        |   1227332 | PA      | $1205853.30   | 0.35%             | 2027-04-15      | Variable      | 9.00%                 | No            |                  2 | On Loan: No      |
| UKG, Inc.                                                  | UKG, Inc., First Lien, Initial CME Term Loan                                                      | CUSIP: 89841EAB1<br>LEI: 529900FKHWSTQ1GXK240 | Long             | LON              | CORP              | US        |   2608930 | PA      | $2616873.95   | 0.75%             | 2031-02-10      | Variable      | 7.33%                 | No            |                  2 | On Loan: No      |
| AMG Critical Materials NV                                  | AMG Critical Materials NV, First Lien, Initial CME Term Loan                                      | CUSIP: N7900LAC8<br>LEI: N/A                  | Long             | LON              | CORP              | NL        |    494885 | PA      | $488698.85    | 0.14%             | 2028-11-30      | Variable      | 7.94%                 | No            |                  2 | On Loan: No      |
| Grifols Worldwide Operations USA, Inc.                     | Grifols Worldwide Operations USA, Inc., First Lien, CME Term Loan, B                              | CUSIP: 39843PAG8<br>LEI: N/A                  | Long             | LON              | CORP              | IE        |   1414912 | PA      | $1411997.22   | 0.41%             | 2027-11-15      | Variable      | 6.48%                 | No            |                  2 | On Loan: No      |
| Golden State Foods                                         | Golden State Foods LLC, First Lien, Initial CME Term Loan                                         | CUSIP: 38121NAC7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    562161 | PA      | $566335.04    | 0.16%             | 2031-12-04      | Variable      | 8.59%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-06-30

**Name of Applicant:** Putnam Funds Trust

**Signature:** Monica Krogh

**Name of Signer:** Monica Krogh

**Title:** Assistant Treasurer