# EDGAR Filing Document

**Accession Number:** 0002040318
**File Stem:** 0000940400-26-022139
**Filing Date:** 2026-5
**Character Count:** 417012
**Document Hash:** 3aafd3dfba858d7f49bed6740023ffc6
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-022139.hdr.sgml**: 20260529

**ACCESSION NUMBER**: 0000940400-26-022139

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 3

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260529

**DATE AS OF CHANGE**: 20260529

**PERIOD START**: 20261231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Capital Group KKR Multi-Sector (plus)
- **CENTRAL INDEX KEY:** 0002040318

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-24017
- **FILM NUMBER:** 261043402

**BUSINESS ADDRESS:**
- **STREET 1:** 6455 IRVINE CENTER DRIVE
- **CITY:** IRVINE
- **STATE:** CA
- **ZIP:** 92618
- **BUSINESS PHONE:** 213-486-9200

**MAIL ADDRESS:**
- **STREET 1:** 333 SOUTH HOPE STREET
- **STREET 2:** 55TH FLOOR
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90071

## Nport-Ex

![](imgdac65ef41.jpg)

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

**Capital Group KKR Multi-Sector+**

Investment portfolio

March 31, 2026

**unaudited**

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

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments 93.14%<br> **Corporate bonds and notes 29.54%**<br> **Financials 6.72%**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| ACF TD Holdings, LLC 6.46% 5/30/2031 <sup>(a)</sup>  | USD3,111 | $3182 |
| Alliant Holdings Intermediate, LLC 4.25% 10/15/2027 <sup>(b)</sup>  | 245 | 240 |
| Alliant Holdings Intermediate, LLC 5.875% 11/1/2029 <sup>(b)</sup>  | 275 | 266 |
| Alliant Holdings Intermediate, LLC 7.00% 1/15/2031 <sup>(b)</sup>  | 363 | 366 |
| Alliant Holdings Intermediate, LLC 6.50% 10/1/2031 <sup>(b)</sup>  | 435 | 428 |
| AmWINS Group, Inc. 4.875% 6/30/2029 <sup>(b)</sup>  | 165 | 158 |
| Ardonagh Finco, Ltd. 7.75% 2/15/2031 <sup>(b)</sup>  | 570 | 577 |
| Aretec Group, Inc. 7.50% 4/1/2029 <sup>(b)</sup>  | 200 | 198 |
| Aretec Group, Inc. 10.00% 8/15/2030 <sup>(b)</sup>  | 491 | 522 |
| Bank of America Corp. 1.922% 10/24/2031 (USD-SOFR + 1.37% on 10/24/2030) <sup>(c)</sup>  | 373 | 331 |
| Bank of America Corp. 5.045% 2/6/2037 (USD-SOFR + 1.13% on 2/6/2036) <sup>(c)</sup>  | 600 | 592 |
| Block, Inc. 2.75% 6/1/2026  | 155 | 154 |
| Block, Inc. 5.625% 8/15/2030 <sup>(b)</sup>  | 55 | 55 |
| Block, Inc. 3.50% 6/1/2031  | 70 | 64 |
| Block, Inc. 6.50% 5/15/2032  | 525 | 530 |
| Block, Inc. 6.00% 8/15/2033 <sup>(b)</sup>  | 70 | 69 |
| Blue Owl Credit Income Corp. 4.70% 2/8/2027  | 240 | 237 |
| Brown & Brown, Inc. 6.25% 6/23/2055  | 513 | 512 |
| Chubb INA Holdings, LLC 4.90% 8/15/2035  | 250 | 246 |
| Cipher Compute, LLC 7.125% 11/15/2030 <sup>(b)</sup>  | 70 | 73 |
| Citigroup, Inc. 5.174% 9/11/2036 (USD-SOFR + 1.488% on 9/11/2035) <sup>(c)</sup>  | 250 | 248 |
| Coinbase Global, Inc. 3.375% 10/1/2028 <sup>(b)</sup>  | 240 | 225 |
| Coinbase Global, Inc. 3.625% 10/1/2031 <sup>(b)</sup>  | 95 | 80 |
| Compass Group Diversified Holdings, LLC 5.25% 4/15/2029 <sup>(b)</sup>  | 1009 | 939 |
| Freedom Mortgage Holdings, LLC 8.375% 4/1/2032 <sup>(b)</sup>  | 925 | 911 |
| Goldman Sachs Group, Inc. 4.939% 10/21/2036 (USD-SOFR + 1.33% on 10/21/2035) <sup>(c)</sup>  | 372 | 360 |
| Hightower Holding, LLC 6.75% 4/15/2029 <sup>(b)</sup>  | 260 | 255 |
| HSBC Holdings PLC 2.206% 8/17/2029 (USD-SOFR + 1.285% on 8/17/2028) <sup>(c)</sup>  | 380 | 360 |
| HSBC Holdings PLC 5.45% 3/3/2036 (USD-SOFR + 1.56% on 3/3/2035) <sup>(c)</sup>  | 200 | 201 |
| HUB International, Ltd. 7.25% 6/15/2030 <sup>(b)</sup>  | 625 | 641 |
| ION Platform Finance US, Inc. 4.625% 5/1/2028 <sup>(b)</sup>  | 50 | 47 |
| ION Platform Finance US, Inc. 5.00% 5/1/2028 <sup>(b)</sup>  | 40 | 37 |
| ION Platform Finance US, Inc. 8.75% 5/1/2029 <sup>(b)</sup>  | 1223 | 1139 |
| ION Platform Finance US, Inc. 9.50% 5/30/2029 <sup>(b)</sup>  | 1158 | 1091 |
| ION Platform Finance US, Inc. 9.00% 8/1/2029 <sup>(b)</sup>  | 270 | 251 |
| ION Platform Finance US, Inc. 7.875% 9/30/2032 <sup>(b)</sup>  | 235 | 182 |
| JPMorgan Chase & Co. 5.572% 4/22/2036 (USD-SOFR + 1.68% on 4/22/2035) <sup>(c)</sup>  | 600 | 619 |
| Marsh & McLennan Cos., Inc. 5.40% 9/15/2033  | 162 | 167 |
| Marsh & McLennan Cos., Inc. 5.00% 3/15/2035  | 69 | 69 |
| Marsh & McLennan Cos., Inc. 5.70% 9/15/2053  | 52 | 51 |
| Morgan Stanley 4.123% 2/8/2030 (USD-SOFR + 0.762% on 2/8/2029) <sup>(c)</sup>  | 250 | 248 |
| Morgan Stanley 4.654% 10/18/2030 (USD-SOFR + 1.10% on 10/18/2029) <sup>(c)</sup>  | 50 | 50 |
| Morgan Stanley 5.192% 4/17/2031 (USD-SOFR + 1.51% on 4/17/2030) <sup>(c)</sup>  | 248 | 252 |
| Morgan Stanley 4.892% 10/22/2036 (USD-SOFR + 1.314% on 10/22/2035) <sup>(c)</sup>  | 168 | 162 |
| Morgan Stanley 5.073% 1/30/2037 (USD-SOFR + 1.184% on 1/30/2036) <sup>(c)</sup>  | 328 | 321 |

---

Capital Group KKR Multi-Sector+ — Page 1 of 23

------

**unaudited**

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Corporate bonds and notes (continued)**<br> **Financials (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Navient Corp. 5.00% 3/15/2027  | USD240 | $235 |
| Navient Corp. 5.50% 3/15/2029  | 320 | 294 |
| Navient Corp. 9.375% 7/25/2030  | 789 | 770 |
| Navient Corp. 11.50% 3/15/2031  | 235 | 239 |
| Navient Corp. 7.875% 6/15/2032  | 730 | 652 |
| Navient Corp. 5.625% 8/1/2033  | 1265 | 988 |
| OneMain Finance Corp. 6.125% 5/15/2030  | 385 | 377 |
| OneMain Finance Corp. 7.50% 5/15/2031  | 300 | 302 |
| OneMain Finance Corp. 7.125% 11/15/2031  | 255 | 253 |
| Osaic Holdings, Inc. 6.75% 8/1/2032 <sup>(b)</sup>  | 380 | 380 |
| Osaic Holdings, Inc. 8.00% 8/1/2033 <sup>(b)</sup>  | 224 | 221 |
| Oxford Finance, LLC 6.375% 2/1/2027 <sup>(b)</sup>  | 145 | 144 |
| Progressive Corp. 4.60% 3/26/2031  | 48 | 48 |
| Ryan Specialty, LLC 4.375% 2/1/2030 <sup>(b)</sup>  | 70 | 68 |
| Ryan Specialty, LLC 5.875% 8/1/2032 <sup>(b)</sup>  | 55 | 54 |
| Takeoff Merger Sub, Inc. 4.50% 3/24/2029 <sup>(b)</sup>  | 135 | 134 |
| Voyager Parent, LLC 9.25% 7/1/2032 <sup>(b)</sup>  | 150 | 156 |
| Wells Fargo & Co. 5.15% 4/23/2031 (USD-SOFR + 1.50% on 4/23/2030) <sup>(c)</sup>  | 200 | 203 |
| Wells Fargo & Co. 5.211% 12/3/2035 (USD-SOFR + 1.38% on 12/3/2034) <sup>(c)</sup>  | 210 | 209 |
|  |  | 23433 |
| **Communication services 4.50%** |  |  |
| Altice France 6.50% 3/15/2032 <sup>(b)</sup>  | 638 | 605 |
| AT&T, Inc. 3.50% 9/15/2053  | 300 | 197 |
| CCO Holdings, LLC 5.00% 2/1/2028 <sup>(b)</sup>  | 295 | 293 |
| CCO Holdings, LLC 4.75% 3/1/2030 <sup>(b)</sup>  | 340 | 323 |
| CCO Holdings, LLC 4.50% 8/15/2030 <sup>(b)</sup>  | 110 | 103 |
| CCO Holdings, LLC 4.25% 2/1/2031 <sup>(b)</sup>  | 1425 | 1300 |
| CCO Holdings, LLC 7.375% 3/1/2031 <sup>(b)</sup>  | 361 | 368 |
| CCO Holdings, LLC 7.00% 2/1/2033 <sup>(b)</sup>  | 1160 | 1164 |
| CCO Holdings, LLC 4.50% 6/1/2033 <sup>(b)</sup>  | 170 | 148 |
| CCO Holdings, LLC 4.25% 1/15/2034 <sup>(b)</sup>  | 170 | 146 |
| CCO Holdings, LLC 7.375% 2/1/2036 <sup>(b)</sup>  | 240 | 239 |
| Charter Communications Operating, LLC 5.85% 12/1/2035  | 117 | 115 |
| Charter Communications Operating, LLC 4.80% 3/1/2050  | 33 | 24 |
| Charter Communications Operating, LLC 3.70% 4/1/2051  | 403 | 250 |
| Charter Communications Operating, LLC 3.90% 6/1/2052  | 359 | 229 |
| Charter Communications Operating, LLC 5.25% 4/1/2053  | 158 | 124 |
| Charter Communications Operating, LLC 6.70% 12/1/2055  | 65 | 62 |
| Charter Communications Operating, LLC 3.85% 4/1/2061  | 265 | 155 |
| Comcast Corp. 5.65% 6/1/2054  | 197 | 182 |
| Comcast Corp. 6.05% 5/15/2055  | 40 | 40 |
| Connect Finco SARL 9.00% 9/15/2029 <sup>(b)</sup>  | 1115 | 1173 |
| DIRECTV Financing, LLC 5.875% 8/15/2027 <sup>(b)</sup>  | 64 | 64 |
| DIRECTV Financing, LLC 8.875% 2/1/2030 <sup>(b)</sup>  | 240 | 240 |
| DISH Network Corp. 11.75% 11/15/2027 <sup>(b)</sup>  | 806 | 831 |
| EchoStar Corp. 10.75% 11/30/2029  | 525 | 567 |
| EchoStar Corp. 6.75% Cash 11/30/2030 <sup>(d)</sup>  | 322 | 325 |
| Embarq, LLC 7.995% 6/1/2036  | 240 | 77 |
| Frontier Communications Holdings, LLC 6.75% 5/1/2029 <sup>(b)</sup>  | 170 | 170 |
| Gray Media, Inc. 10.50% 7/15/2029 <sup>(b)</sup>  | 224 | 238 |
| Gray Media, Inc. 5.375% 11/15/2031 <sup>(b)</sup>  | 235 | 175 |
| Gray Media, Inc. 7.25% 8/15/2033 <sup>(b)</sup>  | 500 | 504 |
| Lindblad Expeditions, LLC 7.00% 9/15/2030 <sup>(b)</sup>  | 70 | 71 |

---

Capital Group KKR Multi-Sector+ — Page 2 of 23

------

**unaudited**

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Corporate bonds and notes (continued)**<br> **Communication services (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| News Corp. 3.875% 5/15/2029 <sup>(b)</sup>  | USD70 | $68 |
| Nexstar Media, Inc. 6.50% 9/15/2033 <sup>(b)</sup>  | 515 | 519 |
| Nexstar Media, Inc. 7.25% 4/15/2034 <sup>(b)</sup>  | 425 | 427 |
| Oak-Eagle AcquireCo, Inc. 7.25% 7/1/2033 <sup>(b)</sup>  | 70 | 73 |
| Oak-Eagle AcquireCo, Inc. 8.75% 7/1/2034 <sup>(b)</sup>  | 80 | 84 |
| Sirius XM Radio, LLC 4.00% 7/15/2028 <sup>(b)</sup>  | 200 | 193 |
| Sirius XM Radio, LLC 3.875% 9/1/2031 <sup>(b)</sup>  | 610 | 554 |
| Snap, Inc. 6.875% 3/1/2033 <sup>(b)</sup>  | 170 | 161 |
| T-Mobile USA, Inc. 3.40% 10/15/2052  | 109 | 71 |
| T-Mobile USA, Inc. 5.85% 2/15/2056  | 47 | 46 |
| Univision Communications, Inc. 8.00% 8/15/2028 <sup>(b)</sup>  | 265 | 269 |
| Univision Communications, Inc. 4.50% 5/1/2029 <sup>(b)</sup>  | 415 | 390 |
| Univision Communications, Inc. 9.375% 8/1/2032 <sup>(b)</sup>  | 575 | 593 |
| Verizon Communications, Inc. 5.25% 4/2/2035  | 191 | 191 |
| Verizon Communications, Inc. 5.00% 1/15/2036  | 342 | 335 |
| Versant Media Group, Inc. 7.25% 1/30/2031 <sup>(b)</sup>  | 105 | 108 |
| Virgin Media Secured Finance PLC 4.50% 8/15/2030 <sup>(b)</sup>  | 200 | 177 |
| VMED 02 UK Financing I PLC 4.25% 1/31/2031 <sup>(b)</sup>  | 200 | 172 |
| WarnerMedia Holdings, Inc. 4.054% 3/15/2029  | 430 | 416 |
| WarnerMedia Holdings, Inc. 5.05% 3/15/2042  | 337 | 223 |
| WarnerMedia Holdings, Inc. 5.141% 3/15/2052  | 25 | 15 |
| WMG Acquisition Corp. 3.75% 12/1/2029 <sup>(b)</sup>  | 45 | 43 |
| WMG Acquisition Corp. 3.875% 7/15/2030 <sup>(b)</sup>  | 85 | 80 |
|  |  | 15710 |
| **Health care 3.33%** |  |  |
| Abbott Laboratories 4.65% 3/15/2036  | 1030 | 1008 |
| AbbVie, Inc. 5.20% 3/15/2035  | 200 | 204 |
| AbbVie, Inc. 4.75% 3/15/2036  | 137 | 134 |
| AbbVie, Inc. 5.55% 3/15/2056  | 21 | 21 |
| Accendra Health, Inc. 4.50% 3/31/2029 <sup>(b)</sup>  | 795 | 481 |
| Accendra Health, Inc. 6.625% 4/1/2030 <sup>(b)</sup>  | 320 | 153 |
| AdaptHealth, LLC 5.125% 3/1/2030 <sup>(b)</sup>  | 23 | 22 |
| Amgen, Inc. 5.25% 3/2/2033  | 433 | 445 |
| Amgen, Inc. 4.85% 2/19/2036  | 368 | 362 |
| Amneal Pharmaceuticals, LLC 6.875% 8/1/2032 <sup>(b)</sup>  | 65 | 67 |
| AthenaHealth Group, Inc. 6.50% 2/15/2030 <sup>(b)</sup>  | 340 | 319 |
| Augusta SpinCo Corp. 5.245% 3/23/2036  | 183 | 183 |
| Avantor Funding, Inc. 4.625% 7/15/2028 <sup>(b)</sup>  | 315 | 308 |
| Avantor Funding, Inc. 3.875% 11/1/2029 <sup>(b)</sup>  | 170 | 160 |
| BioMarin Pharmaceutical, Inc. 5.50% 2/15/2034 <sup>(b)</sup>  | 200 | 197 |
| Bristol-Myers Squibb Co. 5.20% 2/22/2034  | 400 | 410 |
| Bristol-Myers Squibb Co. 5.55% 2/22/2054  | 100 | 96 |
| Centene Corp. 2.45% 7/15/2028  | 75 | 70 |
| Centene Corp. 2.50% 3/1/2031  | 80 | 67 |
| CHS / Community Health Systems, Inc. 5.25% 5/15/2030 <sup>(b)</sup>  | 120 | 113 |
| CVS Health Corp. 5.70% 6/1/2034  | 400 | 411 |
| CVS Health Corp. 6.25% 9/15/2065  | 67 | 66 |
| DaVita, Inc. 4.625% 6/1/2030 <sup>(b)</sup>  | 240 | 231 |
| DaVita, Inc. 6.875% 9/1/2032 <sup>(b)</sup>  | 130 | 133 |
| DaVita, Inc. 6.75% 7/15/2033 <sup>(b)</sup>  | 235 | 239 |
| Elevance Health, Inc. 5.20% 2/15/2035  | 81 | 81 |
| Elevance Health, Inc. 5.85% 11/1/2064  | 98 | 94 |
| Endo Finance Holdings, LP 8.50% 4/15/2031 <sup>(b)</sup>  | 110 | 115 |

---

Capital Group KKR Multi-Sector+ — Page 3 of 23

------

**unaudited**

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Corporate bonds and notes (continued)**<br> **Health care (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Humana, Inc. 5.375% 4/15/2031  | USD200 | $202 |
| IQVIA, Inc. 6.25% 6/1/2032 <sup>(b)</sup>  | 300 | 305 |
| Medline Borrower, LP 3.875% 4/1/2029 <sup>(b)</sup>  | 170 | 165 |
| Medline Borrower, LP 6.25% 4/1/2029 <sup>(b)</sup>  | 160 | 163 |
| Medline Borrower, LP 5.25% 10/1/2029 <sup>(b)</sup>  | 550 | 545 |
| Molina Healthcare, Inc. 6.50% 2/15/2031 <sup>(b)</sup>  | 150 | 148 |
| Molina Healthcare, Inc. 3.875% 5/15/2032 <sup>(b)</sup>  | 270 | 235 |
| Molina Healthcare, Inc. 6.25% 1/15/2033 <sup>(b)</sup>  | 500 | 485 |
| Novartis Capital Corp. 4.90% 3/18/2036  | 67 | 67 |
| Novartis Capital Corp. 5.60% 3/18/2046  | 14 | 14 |
| Novartis Capital Corp. 5.70% 3/18/2056  | 54 | 54 |
| Pfizer Investment Enterprises Pte., Ltd. 5.30% 5/19/2053  | 382 | 355 |
| Tenet Healthcare Corp. 4.25% 6/1/2029  | 795 | 771 |
| Teva Pharmaceutical Finance Netherlands III BV 6.75% 3/1/2028  | 335 | 344 |
| Teva Pharmaceutical Finance Netherlands III BV 5.125% 5/9/2029  | 330 | 329 |
| Teva Pharmaceutical Finance Netherlands III BV 7.875% 9/15/2029  | 200 | 214 |
| Teva Pharmaceutical Finance Netherlands III BV 6.00% 12/1/2032  | 200 | 205 |
| Teva Pharmaceutical Finance Netherlands III BV 4.10% 10/1/2046  | 85 | 63 |
| UnitedHealth Group, Inc. 5.15% 7/15/2034  | 300 | 303 |
| UnitedHealth Group, Inc. 5.625% 7/15/2054  | 381 | 363 |
| UnitedHealth Group, Inc. 5.95% 6/15/2055  | 98 | 99 |
|  |  | 11619 |
| **Consumer discretionary 2.87%** |  |  |
| Advance Auto Parts, Inc. 3.90% 4/15/2030  | 420 | 386 |
| Advance Auto Parts, Inc. 3.50% 3/15/2032  | 190 | 164 |
| Advance Auto Parts, Inc. 7.375% 8/1/2033 <sup>(b)</sup>  | 125 | 127 |
| Allied Universal Holdco, LLC 6.875% 6/15/2030 <sup>(b)</sup>  | 300 | 304 |
| Allwyn Entertainment Financing (UK) PLC 7.875% 4/30/2029 <sup>(b)</sup>  | 200 | 205 |
| Amazon.com, Inc. 4.875% 3/13/2036  | 280 | 278 |
| Asbury Automotive Group, Inc. 4.625% 11/15/2029 <sup>(b)</sup>  | 260 | 252 |
| Caesars Entertainment, Inc. 7.00% 2/15/2030 <sup>(b)</sup>  | 255 | 258 |
| Carnival Corp. 5.75% 8/1/2032 <sup>(b)</sup>  | 300 | 300 |
| Carnival Corp. 6.125% 2/15/2033 <sup>(b)</sup>  | 395 | 399 |
| Fertitta Entertainment, LLC 4.625% 1/15/2029 <sup>(b)</sup>  | 130 | 124 |
| Fertitta Entertainment, LLC 6.75% 1/15/2030 <sup>(b)</sup>  | 145 | 136 |
| First Student Bidco, Inc. 4.00% 7/31/2029 <sup>(b)</sup>  | 245 | 235 |
| Ford Motor Co. 3.25% 2/12/2032  | 815 | 708 |
| Ford Motor Credit Co., LLC 6.798% 11/7/2028  | 365 | 378 |
| Ford Motor Credit Co., LLC 5.753% 4/6/2033  | 200 | 196 |
| Ford Motor Credit Co., LLC 7.122% 11/7/2033  | 800 | 841 |
| Home Depot, Inc. 4.95% 6/25/2034  | 400 | 403 |
| LCM Investments Holdings II, LLC 4.875% 5/1/2029 <sup>(b)</sup>  | 250 | 244 |
| LCM Investments Holdings II, LLC 8.25% 8/1/2031 <sup>(b)</sup>  | 180 | 188 |
| Light and Wonder International, Inc. 7.25% 11/15/2029 <sup>(b)</sup>  | 85 | 87 |
| Newell Brands, Inc. 6.625% 5/15/2032  | 230 | 220 |
| Newell Brands, Inc. 7.50% 4/1/2046  | 85 | 68 |
| Nissan Motor Co., Ltd. 7.50% 7/17/2030 <sup>(b)</sup>  | 200 | 202 |
| Nissan Motor Co., Ltd. 8.125% 7/17/2035 <sup>(b)</sup>  | 715 | 736 |
| Royal Caribbean Cruises, Ltd. 4.75% 5/15/2033  | 167 | 161 |
| Royal Caribbean Cruises, Ltd. 5.375% 1/15/2036  | 187 | 184 |
| Royal Caribbean Cruises, Ltd. 5.25% 2/27/2038  | 240 | 228 |
| Scientific Games Holdings, LP 6.625% 3/1/2030 <sup>(b)</sup>  | 465 | 401 |
| Sonic Automotive, Inc. 4.625% 11/15/2029 <sup>(b)</sup>  | 125 | 121 |

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Capital Group KKR Multi-Sector+ — Page 4 of 23

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**unaudited**

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Corporate bonds and notes (continued)**<br> **Consumer discretionary (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Starbucks Corp. 5.40% 5/15/2035  | USD500 | $511 |
| Universal Entertainment Corp. 9.875% 8/1/2029 <sup>(b)</sup>  | 435 | 421 |
| Wand NewCo 3, Inc. 7.625% 1/30/2032 <sup>(b)</sup>  | 55 | 56 |
| Wynn Resorts Finance, LLC 5.125% 10/1/2029 <sup>(b)</sup>  | 505 | 499 |
|  |  | 10021 |
| **Energy 2.58%** |  |  |
| Ascent Resources Utica Holdings, LLC 5.875% 6/30/2029 <sup>(b)</sup>  | 215 | 215 |
| Borr IHC, Ltd. 10.00% 11/15/2028 <sup>(b)</sup>  | 171 | 175 |
| Caturus Energy, LLC 8.50% 2/15/2030 <sup>(b)</sup>  | 530 | 550 |
| CNX Resources Corp. 7.375% 1/15/2031 <sup>(b)</sup>  | 150 | 154 |
| CNX Resources Corp. 5.875% 3/1/2034 <sup>(b)</sup>  | 65 | 63 |
| Comstock Resources, Inc. 5.875% 1/15/2030 <sup>(b)</sup>  | 105 | 102 |
| Constellation Oil Services Holding SA 9.375% 11/7/2029 <sup>(b)</sup>  | 200 | 208 |
| Crescent Energy Finance, LLC 7.375% 1/15/2033 <sup>(b)</sup>  | 350 | 350 |
| DT Midstream, Inc. 4.375% 6/15/2031 <sup>(b)</sup>  | 210 | 203 |
| Energy Transfer, LP 6.00% 2/1/2029 <sup>(b)</sup>  | 35 | 35 |
| Energy Transfer, LP 5.20% 4/1/2030  | 120 | 123 |
| Enterprise Products Operating, LLC 5.20% 1/15/2036  | 22 | 22 |
| EQT Corp. 4.75% 1/15/2031  | 165 | 164 |
| EQT Corp. 3.625% 5/15/2031 <sup>(b)</sup>  | 170 | 159 |
| Expand Energy Corp. 5.875% 2/1/2029 <sup>(b)</sup>  | 70 | 70 |
| Genesis Energy, LP 7.875% 5/15/2032  | 260 | 268 |
| Harvest Midstream I, LP 7.50% 9/1/2028 <sup>(b)</sup>  | 85 | 86 |
| Harvest Midstream I, LP 7.50% 5/15/2032 <sup>(b)</sup>  | 50 | 51 |
| Hess Midstream Operations, LP 5.875% 3/1/2028 <sup>(b)</sup>  | 30 | 30 |
| Hess Midstream Operations, LP 4.25% 2/15/2030 <sup>(b)</sup>  | 395 | 380 |
| Hess Midstream Operations, LP 5.50% 10/15/2030 <sup>(b)</sup>  | 175 | 174 |
| Hilcorp Energy I, LP 6.25% 4/15/2032 <sup>(b)</sup>  | 70 | 68 |
| Hilcorp Energy I, LP 8.375% 11/1/2033 <sup>(b)</sup>  | 105 | 110 |
| Infinity Natural Resources, LLC 7.625% 4/1/2031 <sup>(b)</sup>  | 50 | 50 |
| Kodiak Gas Services, LLC 5.875% 4/1/2031 <sup>(b)</sup>  | 75 | 75 |
| Matador Resources Co. 6.00% 4/15/2034 <sup>(b)</sup>  | 55 | 55 |
| New Fortress Energy, Inc. 6.50% 9/30/2026 <sup>(b)</sup>  | 200 | 27 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; NFE Brazil Financing, Ltd. 15.00% PIK or 15.00% Cash <br>8/30/2029 <sup>(a)(d)(e)</sup>  | 311 | 311 |
| NFE Financing, LLC 12.00% 11/15/2029 <sup>(b)(f)</sup>  | 2810 | 1273 |
| NGL Energy Operating, LLC 8.125% 2/15/2029 <sup>(b)</sup>  | 105 | 108 |
| NGL Energy Operating, LLC 8.375% 2/15/2032 <sup>(b)</sup>  | 200 | 206 |
| Noble Finance II, LLC 8.00% 4/15/2030 <sup>(b)</sup>  | 100 | 103 |
| Saturn Oil & Gas, Inc. 9.625% 6/15/2029 <sup>(b)</sup>  | 34 | 36 |
| SM Energy Co. 8.625% 11/1/2030 <sup>(b)</sup>  | 55 | 58 |
| SM Energy Co. 9.625% 6/15/2033 <sup>(b)</sup>  | 75 | 83 |
| Summit Midstream Holdings, LLC 8.625% 10/31/2029 <sup>(b)</sup>  | 105 | 108 |
| Sunoco, LP 4.50% 5/15/2029  | 65 | 63 |
| Sunoco, LP 5.625% 3/15/2031 <sup>(b)</sup>  | 45 | 45 |
| Sunoco, LP 7.25% 5/1/2032 <sup>(b)</sup>  | 245 | 254 |
| Sunoco, LP 5.875% 3/15/2034 <sup>(b)</sup>  | 70 | 69 |
| Sunoco, LP 5.625% 7/15/2034 <sup>(b)</sup>  | 75 | 74 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sunoco, LP 7.875% junior subordinated perpetual bonds (5-year UST Yield Curve Rate T Note Constant Maturity <br> + 4.23% on 9/18/2030) <sup>(b)(c)</sup>  | 125 | 128 |
| Superior Plus, LP 4.50% 3/15/2029 <sup>(b)</sup>  | 60 | 57 |
| Transocean International, Ltd. 8.75% 2/15/2030 <sup>(b)</sup>  | 66 | 69 |
| Transocean International, Ltd. 7.875% 10/15/2032 <sup>(b)</sup>  | 35 | 37 |

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Capital Group KKR Multi-Sector+ — Page 5 of 23

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Corporate bonds and notes (continued)**<br> **Energy (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Venture Global Calcasieu Pass, LLC 3.875% 8/15/2029 <sup>(b)</sup>  | USD170 | $162 |
| Venture Global Calcasieu Pass, LLC 4.125% 8/15/2031 <sup>(b)</sup>  | 825 | 766 |
| Venture Global LNG, Inc. 8.375% 6/1/2031 <sup>(b)</sup>  | 220 | 229 |
| Venture Global LNG, Inc. 9.875% 2/1/2032 <sup>(b)</sup>  | 380 | 408 |
| Venture Global Plaquemines LNG, LLC 6.125% 12/15/2030 <sup>(b)</sup>  | 60 | 62 |
| Venture Global Plaquemines LNG, LLC 7.50% 5/1/2033 <sup>(b)</sup>  | 210 | 231 |
| Venture Global Plaquemines LNG, LLC 6.50% 6/15/2034 <sup>(b)</sup>  | 70 | 73 |
|  |  | 8980 |
| **Real estate 2.21%** |  |  |
| GGP Retail, LLC 5.75% 5/15/2026 <sup>(b)</sup>  | 212 | 212 |
| Howard Hughes Corp. (The) 4.125% 2/1/2029 <sup>(b)</sup>  | 155 | 147 |
| Howard Hughes Corp. (The) 4.375% 2/1/2031 <sup>(b)</sup>  | 290 | 266 |
| Howard Hughes Corp. (The) 5.875% 3/1/2032 <sup>(b)</sup>  | 100 | 96 |
| Howard Hughes Corp. (The) 6.125% 3/1/2034 <sup>(b)</sup>  | 135 | 130 |
| Hudson Pacific Properties, LP 3.25% 1/15/2030  | 1000 | 809 |
| Iron Mountain, Inc. 5.25% 7/15/2030 <sup>(b)</sup>  | 525 | 510 |
| Kennedy-Wilson, Inc. 4.75% 3/1/2029  | 290 | 286 |
| Kennedy-Wilson, Inc. 4.75% 2/1/2030  | 535 | 536 |
| Kennedy-Wilson, Inc. 5.00% 3/1/2031  | 210 | 210 |
| Ladder Capital Finance Holdings LLLP 4.75% 6/15/2029 <sup>(b)</sup>  | 45 | 44 |
| MPT Operating Partnership, LP 5.00% 10/15/2027  | 1060 | 988 |
| MPT Operating Partnership, LP 3.50% 3/15/2031  | 230 | 151 |
| MPT Operating Partnership, LP 8.50% 2/15/2032 <sup>(b)</sup>  | 475 | 482 |
| Park Intermediate Holdings, LLC 4.875% 5/15/2029 <sup>(b)</sup>  | 90 | 86 |
| Service Properties Trust 4.95% 2/15/2027  | 103 | 103 |
| Service Properties Trust 8.00% 9/30/2027 <sup>(b)</sup>  | 135 | 123 |
| Service Properties Trust 3.95% 1/15/2028  | 1025 | 981 |
| Service Properties Trust 4.95% 10/1/2029  | 820 | 744 |
| Service Properties Trust 4.375% 2/15/2030  | 198 | 176 |
| Service Properties Trust 8.625% 11/15/2031 <sup>(b)</sup>  | 605 | 632 |
|  |  | 7712 |
| **Information technology 2.12%** |  |  |
| Amphenol Corp. 4.40% 2/15/2033  | 212 | 207 |
| ams-OSRAM AG 12.25% 3/30/2029 <sup>(b)</sup>  | 455 | 484 |
| APLD ComputeCo 2, LLC 6.75% 3/15/2031 <sup>(b)</sup>  | 147 | 146 |
| Black Pearl Compute, LLC 6.125% 2/15/2031 <sup>(b)</sup>  | 75 | 76 |
| Booz Allen Hamilton, Inc. 4.00% 7/1/2029 <sup>(b)</sup>  | 80 | 78 |
| Cloud Software Group, Inc. 6.50% 3/31/2029 <sup>(b)</sup>  | 85 | 83 |
| Cloud Software Group, Inc. 9.00% 9/30/2029 <sup>(b)</sup>  | 1075 | 1038 |
| Cloud Software Group, Inc. 8.25% 6/30/2032 <sup>(b)</sup>  | 770 | 731 |
| Diebold Nixdorf, Inc. 7.75% 3/31/2030 <sup>(b)</sup>  | 140 | 146 |
| Fair Isaac Corp. 6.00% 5/15/2033 <sup>(b)</sup>  | 250 | 245 |
| Hughes Satellite Systems Corp. 5.25% 8/1/2026  | 37 | 33 |
| Hughes Satellite Systems Corp. 6.625% 8/1/2026  | 885 | 667 |
| NCR Atleos Corp. 9.50% 4/1/2029 <sup>(b)</sup>  | 115 | 123 |
| Oracle Corp. 5.50% 8/3/2035  | 300 | 287 |
| Oracle Corp. 5.20% 9/26/2035  | 1100 | 1032 |
| Oracle Corp. 5.70% 2/4/2036  | 262 | 252 |
| Oracle Corp. 6.70% 2/4/2056  | 200 | 186 |
| Oracle Corp. 6.85% 2/4/2066  | 500 | 460 |
| Synopsys, Inc. 5.15% 4/1/2035  | 500 | 501 |
| UKG, Inc. 6.875% 2/1/2031 <sup>(b)</sup>  | 125 | 122 |

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Corporate bonds and notes (continued)**<br> **Information technology (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Unisys Corp. 10.625% 1/15/2031 <sup>(b)</sup>  | USD154 | $133 |
| Viasat, Inc. 6.50% 7/15/2028 <sup>(b)</sup>  | 110 | 109 |
| WULF Compute, LLC 7.75% 10/15/2030 <sup>(b)</sup>  | 250 | 264 |
|  |  | 7403 |
| **Industrials 1.88%** |  |  |
| ADT Security Corp. 4.125% 8/1/2029 <sup>(b)</sup>  | 65 | 62 |
| Amentum Holdings, Inc. 7.25% 8/1/2032 <sup>(b)</sup>  | 360 | 373 |
| Avis Budget Car Rental, LLC 4.75% 4/1/2028 <sup>(b)</sup>  | 60 | 59 |
| Avis Budget Car Rental, LLC 5.375% 3/1/2029 <sup>(b)</sup>  | 115 | 110 |
| Axon Enterprise, Inc. 6.125% 3/15/2030 <sup>(b)</sup>  | 35 | 36 |
| Clarivate Science Holdings Corp. 3.875% 7/1/2028 <sup>(b)</sup>  | 120 | 113 |
| Clean Harbors, Inc. 5.75% 10/15/2033 <sup>(b)</sup>  | 185 | 185 |
| CoreLogic, Inc. 4.50% 5/1/2028 <sup>(b)</sup>  | 355 | 334 |
| Eaton Corp. 4.80% 3/6/2036  | 500 | 494 |
| EquipmentShare.com, Inc. 9.00% 5/15/2028 <sup>(b)</sup>  | 120 | 124 |
| EquipmentShare.com, Inc. 8.625% 5/15/2032 <sup>(b)</sup>  | 1099 | 1148 |
| EquipmentShare.com, Inc. 8.00% 3/15/2033 <sup>(b)</sup>  | 79 | 82 |
| Garda World Security Corp. 6.50% 1/15/2031 <sup>(b)</sup>  | 110 | 112 |
| GE Vernova, Inc. 4.25% 2/4/2031  | 500 | 494 |
| Honeywell Aerospace, Inc. 4.95% 3/16/2036 <sup>(b)</sup>  | 459 | 456 |
| Icahn Enterprises, LP 5.25% 5/15/2027  | 930 | 912 |
| Icahn Enterprises, LP 9.75% 1/15/2029  | 280 | 275 |
| Icahn Enterprises, LP 10.00% 11/15/2029 <sup>(b)</sup>  | 235 | 232 |
| Reworld Holding Corp. 4.875% 12/1/2029 <sup>(b)</sup>  | 135 | 127 |
| RTX Corp. 1.90% 9/1/2031  | 81 | 70 |
| TransDigm, Inc. 6.375% 3/1/2029 <sup>(b)</sup>  | 255 | 260 |
| TransDigm, Inc. 6.625% 3/1/2032 <sup>(b)</sup>  | 255 | 260 |
| TransDigm, Inc. 6.125% 7/31/2034 <sup>(b)</sup>  | 147 | 145 |
| Union Pacific Corp. 2.891% 4/6/2036  | 128 | 107 |
|  |  | 6570 |
| **Materials 1.21%** |  |  |
| Cleveland-Cliffs, Inc. 6.875% 11/1/2029 <sup>(b)</sup>  | 90 | 90 |
| Cleveland-Cliffs, Inc. 6.75% 4/15/2030 <sup>(b)</sup>  | 365 | 356 |
| Cleveland-Cliffs, Inc. 4.875% 3/1/2031 <sup>(b)</sup>  | 365 | 328 |
| Cleveland-Cliffs, Inc. 7.50% 9/15/2031 <sup>(b)</sup>  | 145 | 145 |
| Cleveland-Cliffs, Inc. 7.00% 3/15/2032 <sup>(b)</sup>  | 155 | 150 |
| Cleveland-Cliffs, Inc. 7.375% 5/1/2033 <sup>(b)</sup>  | 120 | 118 |
| Cleveland-Cliffs, Inc. 7.625% 1/15/2034 <sup>(b)</sup>  | 140 | 137 |
| Consolidated Energy Finance SA 12.00% 2/15/2031 <sup>(b)</sup>  | 235 | 232 |
| CVR Partners, LP 6.125% 6/15/2028 <sup>(b)</sup>  | 190 | 189 |
| First Quantum Minerals, Ltd. 6.375% 2/15/2036 <sup>(b)</sup>  | 215 | 207 |
| FXI Holdings, Inc. 16.00% PIK 11/15/2029 (14.00% on 11/15/2028) <sup>(b)(c)(d)</sup>  | 190 | 100 |
| FXI Holdings, Inc. 11.00% 11/15/2030 <sup>(b)</sup>  | 326 | 290 |
| Mauser Packaging Solutions Holding Co. 7.875% 4/15/2030 <sup>(b)</sup>  | 130 | 130 |
| Mauser Packaging Solutions Holding Co. 9.25% 4/15/2030 <sup>(b)</sup>  | 160 | 149 |
| Methanex Corp. 5.125% 10/15/2027  | 235 | 234 |
| Methanex Corp. 5.25% 12/15/2029  | 85 | 84 |
| Mineral Resources, Ltd. 9.25% 10/1/2028 <sup>(b)</sup>  | 120 | 124 |
| Mineral Resources, Ltd. 8.50% 5/1/2030 <sup>(b)</sup>  | 355 | 365 |
| Quikrete Holdings, Inc. 6.375% 3/1/2032 <sup>(b)</sup>  | 100 | 102 |
| Quikrete Holdings, Inc. 6.75% 3/1/2033 <sup>(b)</sup>  | 45 | 46 |
| Samarco Mineracao SA 5.00% PIK and 4.00% Cash 6/30/2031 <sup>(c)(d)</sup>  | 224 | 221 |

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Capital Group KKR Multi-Sector+ — Page 7 of 23

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Corporate bonds and notes (continued)**<br> **Materials (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Samarco Mineracao SA 5.00% PIK and 4.00% Cash 6/30/2031 <sup>(c)(d)</sup>  | USD189 | $186 |
| Trivium Packaging Finance BV 12.25% 1/15/2031 <sup>(b)</sup>  | 230 | 249 |
|  |  | 4232 |
| **Consumer staples 1.14%** |  |  |
| Albertsons Cos., Inc. 3.50% 3/15/2029 <sup>(b)</sup>  | 170 | 162 |
| Albertsons Cos., Inc. 5.75% 3/31/2034 <sup>(b)</sup>  | 365 | 358 |
| Anheuser-Busch InBev Worldwide, Inc. 3.50% 6/1/2030  | 46 | 44 |
| Anheuser-Busch InBev Worldwide, Inc. 5.00% 6/15/2034  | 63 | 64 |
| B&G Foods, Inc. 5.25% 9/15/2027  | 40 | 39 |
| B&G Foods, Inc. 8.00% 9/15/2028 <sup>(b)</sup>  | 240 | 237 |
| BAT Capital Corp. 3.557% 8/15/2027  | 502 | 497 |
| BAT Capital Corp. 6.25% 8/15/2055  | 250 | 253 |
| Imperial Brands Finance PLC 5.625% 7/1/2035 <sup>(b)</sup>  | 200 | 202 |
| Industrial F&B Investments III, Inc. 7.75% 2/11/2033 <sup>(b)</sup>  | 230 | 233 |
| Lamb Weston Holdings, Inc. 4.125% 1/31/2030 <sup>(b)</sup>  | 245 | 233 |
| Mars, Inc. 5.00% 3/1/2032 <sup>(b)</sup>  | 422 | 427 |
| Mars, Inc. 5.20% 3/1/2035 <sup>(b)</sup>  | 197 | 199 |
| Mars, Inc. 5.70% 5/1/2055 <sup>(b)</sup>  | 200 | 195 |
| Philip Morris International, Inc. 2.10% 5/1/2030  | 86 | 78 |
| Philip Morris International, Inc. 1.75% 11/1/2030  | 128 | 113 |
| Philip Morris International, Inc. 4.875% 4/30/2035  | 250 | 246 |
| Post Holdings, Inc. 4.625% 4/15/2030 <sup>(b)</sup>  | 280 | 269 |
| United Natural Foods, Inc. 6.75% 10/15/2028 <sup>(b)</sup>  | 124 | 124 |
|  |  | 3973 |
| **Utilities 0.98%** |  |  |
| CenterPoint Energy Houston Electric, LLC 4.85% 4/1/2036  | 325 | 318 |
| DTE Electric Co. 4.85% 3/1/2036  | 475 | 466 |
| Florida Power & Light Co. 5.10% 4/1/2033  | 191 | 195 |
| Florida Power & Light Co. 2.875% 12/4/2051  | 260 | 162 |
| Florida Power & Light Co. 5.70% 3/15/2055  | 81 | 81 |
| Long Ridge Energy, LLC 8.75% 2/15/2032 <sup>(b)</sup>  | 280 | 294 |
| Pacific Gas and Electric Co. 3.50% 8/1/2050  | 170 | 113 |
| PacifiCorp 5.80% 4/15/2036  | 250 | 252 |
| PacifiCorp 5.35% 12/1/2053  | 295 | 253 |
| PacifiCorp 5.50% 5/15/2054  | 105 | 92 |
| PacifiCorp 5.80% 1/15/2055  | 100 | 92 |
| PECO Energy Co. 5.65% 9/15/2055  | 250 | 246 |
| PG&E Corp. 5.25% 7/1/2030  | 310 | 306 |
| Public Service Electric and Gas Co. 4.90% 8/15/2035  | 225 | 223 |
| Talen Energy Supply, LLC 8.625% 6/1/2030 <sup>(b)</sup>  | 315 | 331 |
|  |  | 3424 |
| **Total corporate bonds and notes** | **Total corporate bonds and notes** | 103077 |
| **Loans 29.17%**<br> **Industrials 10.48%**<br>|  |  |
| Conservice Midco, LLC, Term Loan, (3-month USD CME Term SOFR + 4.50%) 8.20% 2/25/2033 <sup>(a)(g)(h)</sup>  | 660 | 659 |
| CoreLogic, Inc., Term Loan, (3-month USD CME Term SOFR + 6.614%) 10.282% 6/4/2029 <sup>(g)(h)</sup>  | 115 | 107 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dispatch Acquisition Holdings, LLC, Revolver, (3-month USD CME Term SOFR + 2.775%) 8.45% <br>11/19/2032 <sup>(a)(e)(g)(h)</sup>  | 154 | 71 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dispatch Acquisition Holdings, LLC, Term Loan, (3-month USD CME Term SOFR + 4.75%) 8.422% <br>11/19/2032 <sup>(a)(e)(g)(h)</sup>  | 846 | 842 |

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Capital Group KKR Multi-Sector+ — Page 8 of 23

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Loans (continued)**<br> **Industrials (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Elk Bidco, Inc., Term Loan, (3-month USD CME Term SOFR + 4.50%) 8.20% 6/14/2032 <sup>(a)(g)(h)</sup>  | USD2,397 | $2393 |
| Falconwing Aero Leasing DAC, Delayed Draw Term Loan, 6.51% 10/26/2027 <sup>(a)(g)</sup>  | 852 | 524 |
| Falconwing Aero Leasing DAC, Delayed Draw Term Loan, 6.50% 12/11/2027 <sup>(a)(g)</sup>  | 852 | 524 |
| Fortna AR, LLC, Revolver, (3-month USD CME Term SOFR + 4.75%) 8.421% 6/1/2029 <sup>(a)(e)(g)(h)</sup>  | 3421 | 3238 |
| Horizon CTS Buyer, LLC, Revolver, (3-month USD CME Term SOFR + 4.75%) 8.45% 3/29/2032 <sup>(a)(g)(h)</sup>  | 719 | 126 |
| Horizon CTS Buyer, LLC, Term Loan, (3-month USD CME Term SOFR + 4.75%) 8.45% 3/29/2032 <sup>(a)(g)(h)</sup>  | 3028 | 3020 |
| Horizon CTS Buyer, LLC, Term Loan DD, (3-month USD CME Term SOFR + 4.75%) 8.45% 3/29/2032 <sup>(a)(g)(h)</sup>  | 573 | 571 |
| Jeppesen Holdings, LLC, Term Loan, (3-month USD CME Term SOFR + 4.75%) 8.417% 10/31/2032 <sup>(a)(g)(h)</sup>  | 1177 | 1159 |
| Low Voltage Holdings, Inc., Term Loan, (3-month USD CME Term SOFR + 4.75%) 8.45% 4/28/2032 <sup>(a)(e)(g)(h)</sup>  | 2583 | 2609 |
| NFO Orange Buyer, LLC, Revolver, (3-month USD CME Term SOFR + 4.50%) 6.75% 1/13/2033 <sup>(a)(g)(h)</sup>  | 105 | 21 |
| NFO Orange Buyer, LLC, Term Loan, (3-month USD CME Term SOFR + 4.50%) 8.245% 1/13/2033 <sup>(a)(g)(h)</sup>  | 737 | 735 |
| Peraton Corp., Term Loan B, (3-month USD CME Term SOFR + 3.85%) 7.517% 2/1/2028 <sup>(g)(h)</sup>  | 949 | 811 |
| Pike Group, Inc., Term Loan, (3-month USD CME Term SOFR + 4.50%) 8.177% 12/20/2032 <sup>(a)(g)(h)</sup>  | 734 | 721 |
| Railpros, Inc., Delayed Draw Term Loan, (3-month USD CME Term SOFR + 4.50%) 7.915% 5/24/2032 <sup>(a)(e)(g)(h)</sup>  | 53 | 16 |
| Railpros, Inc., Term Loan, (3-month USD CME Term SOFR + 4.50%) 7.915% 5/24/2032 <sup>(a)(e)(g)(h)</sup>  | 171 | 171 |
| Saber Parent Holdings Corp., Revolver, (3-month USD CME Term SOFR + 4.50%) 10.25% 12/16/2032 <sup>(a)(g)(h)</sup>  | 98 | 28 |
| Saber Parent Holdings Corp., Term Loan, (3-month USD CME Term SOFR + 4.75%) 8.424% 12/16/2032 <sup>(a)(g)(h)</sup>  | 711 | 705 |
| Setna Aero Lease 3 Borrower, LLC, Delayed Draw Term Loan, 5.86% 12/2/2031 <sup>(a)(g)</sup>  | 1106 | 1094 |
| Sunrun Charis Portfolio 2023, LLC, Term Loan, 6.925% 7/30/2053 <sup>(a)(g)</sup>  | 1518 | 1552 |
| Sunrun Romulus Portfolio 2024, LLC, Term Loan, 6.477% 1/31/2054 <sup>(a)(g)</sup>  | 1796 | 1803 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Truck-Lite Co., LLC, Delayed Draw Term Loan, (3-month USD CME Term SOFR + 4.75%) 8.421% <br>2/13/2032 <sup>(a)(e)(g)(h)</sup>  | 419 | 164 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Truck-Lite Co., LLC, Delayed Draw Term Loan, (3-month USD CME Term SOFR + 4.75%) 8.437% <br>2/13/2032 <sup>(a)(e)(g)(h)</sup>  | 44 | 43 |
| Truck-Lite Co., LLC, Term Loan, (3-month USD CME Term SOFR + 4.75%) 8.419% 2/13/2032 <sup>(a)(e)(g)(h)</sup>  | 5247 | 5195 |
| Truck-Lite Co., LLC, Term Loan, (3-month USD CME Term SOFR + 4.75%) 8.419% 2/13/2032 <sup>(a)(e)(g)(h)</sup>  | 172 | 170 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; W. A. Kendall and Co., LLC, Delayed Draw Term Loan, (3-month USD CME Term SOFR + 5.75%) 9.711% <br> 4/22/2030 <sup>(a)(g)(h)</sup>  | 1312 | 250 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; W. A. Kendall and Co., LLC, Delayed Draw Term Loan, (6-month USD CME Term SOFR + 5.75%) 9.799% <br> 4/22/2030 <sup>(a)(g)(h)</sup>  | 53 | 53 |
| W. A. Kendall and Co., LLC, Revolver, (6-month USD CME Term SOFR + 5.88%) 9.99% 4/22/2030 <sup>(a)(g)(h)</sup>  | 180 | 131 |
| W. A. Kendall and Co., LLC, Term Loan, (6-month USD CME Term SOFR + 5.75%) 9.806% 4/22/2030 <sup>(a)(g)(h)</sup>  | 869 | 862 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; West Star Aviation Acquisition., LLC, Revolver, (3-month USD CME Term SOFR + 4.50%) 8.168% <br>5/20/2032 <sup>(a)(g)(h)</sup>  | 518 | 52 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; West Star Aviation Acquisition., LLC, Term Loan, (3-month USD CME Term SOFR + 4.50%) 8.173% <br>5/20/2032 <sup>(a)(g)(h)</sup>  | 3686 | 3708 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woolpert Holdings, Inc., Delayed Draw Term Loan, (3-month USD CME Term SOFR + 4.50%) 8.276% <br>4/5/2032 <sup>(a)(e)(g)(h)</sup>  | 553 | 183 |
| Woolpert Holdings, Inc., Term Loan, (3-month USD CME Term SOFR + 4.50%) 8.268% 4/5/2032 <sup>(a)(e)(g)(h)</sup>  | 2154 | 2162 |
| Woolpert, Inc., Revolver, (3-month USD CME Term SOFR + 4.50%) 8.275% 4/5/2031 <sup>(a)(e)(g)(h)</sup>  | 276 | 80 |
|  |  | 36553 |
| **Financials 7.87%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ares Secondaries Pbn Finance Co. IV, LLC, Delayed Draw Term Loan, (3-month USD CME Term SOFR + 2.90%) <br> 6.556% 4/14/2039 <sup>(a)(g)(h)</sup>  | 1077 | 144 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ares Secondaries Pbn Finance Co. IV, LLC, Delayed Draw Term Loan, (3-month USD CME Term SOFR + 4.75%) <br> 8.406% 4/14/2039 <sup>(a)(g)(h)</sup>  | 538 | 74 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ares Secondaries Pbn Finance Co. IV, LLC, Delayed Draw Term Loan, (3-month USD CME Term SOFR + 8.50%) <br> 12.156% 4/14/2039 <sup>(a)(g)(h)</sup>  | 538 | 74 |
| ASF Nia, LP, Term Loan, (3-month USD CME Term SOFR + 2.35%) 6.05% 3/26/2031 <sup>(a)(g)(h)</sup>  | 1116 | 1116 |
| ASF Rembrandt, LP, Term Loan, (3-month USD CME Term SOFR + 2.50%) 6.172% 12/21/2028 <sup>(a)(g)(h)</sup>  | 1476 | 1476 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Astra Service Partners, LLC, Delayed Draw Term Loan, (3-month USD CME TERM SOFR + 4.50%) 8.211% <br> 11/26/2032 <sup>(a)(g)(h)</sup>  | 248 | 49 |

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Loans (continued)**<br> **Financials (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Astra Service Partners, LLC, Term Loan, 2.75% Cash, (3-month USD CME Term SOFR + 4.50%) 8.20% <br>11/26/2032 <sup>(a)(d)(g)(h)</sup>  | USD753 | $745 |
| Bhg Funding 09 Trust, Term Loan, 4.76% 3/17/2036 <sup>(a)(g)</sup>  | 73 | 73 |
| Bhg Funding 09 Trust, Term Loan B, 5.63% 3/17/2036 <sup>(a)(g)</sup>  | 31 | 31 |
| Bhg Funding 09 Trust, Term Loan C, 5.99% 3/17/2036 <sup>(a)(g)</sup>  | 7 | 7 |
| Bhg Funding 09 Trust, Term Loan D, 6.34% 3/17/2036 <sup>(a)(g)</sup>  | 21 | 21 |
| Bhg Funding 09 Trust, Term Loan E, 6.83% 3/17/2036 <sup>(a)(g)</sup>  | 36 | 36 |
| Bhg Funding 09 Trust, Term Loan F, 8.39% 3/17/2036 <sup>(a)(g)</sup>  | 20 | 20 |
| Com Laude Group, Ltd., Term Loan, (3-month USD CME Term SOFR + 5.00%) 8.686% 12/30/2032 <sup>(a)(g)(h)</sup>  | 2361 | 2341 |
| CRC Insurance Group, LLC, Term Loan, (3-month USD CME Term SOFR + 4.75%) 8.45% 5/6/2032 <sup>(g)(h)</sup>  | 245 | 243 |
| Denali Topco, LLC, Term Loan, (3-month USD CME Term SOFR + 4.75%) 8.417% 8/26/2032 <sup>(a)(g)(h)</sup>  | 410 | 404 |
| FSS Buyer, LLC, Term Loan, (3-month USD CME Term SOFR + 4.50%) 8.168% 8/29/2031 <sup>(a)(e)(g)(h)</sup>  | 2465 | 2465 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hbwm Intermediate II, LLC, Delayed Draw Term Loan, (1-month USD CME Term SOFR + 4.75%) 8.418% <br> 11/17/2031 <sup>(a)(g)(h)</sup>  | 1796 | 1804 |
| Hbwm Intermediate II, LLC, Revolver, (3-month USD CME Term SOFR + 4.75%) 9.028% 8/18/2031 <sup>(a)(g)(h)</sup>  | 363 | 238 |
| Hbwm Intermediate II, LLC, Term Loan, (1-month USD CME Term SOFR + 4.75%) 8.418% 11/17/2031 <sup>(a)(g)(h)</sup>  | 1497 | 1504 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Higginbotham Insurance Agency, Inc., Term Loan, (3-month USD CME Term SOFR + 4.50%) 8.168% <br>6/11/2031 <sup>(a)(e)(g)(h)</sup>  | 850 | 846 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Integrity Marketing Acquisition, LLC, Term Loan, (3-month USD CME Term SOFR + 5.00%) 8.673% <br>8/25/2028 <sup>(a)(e)(g)(h)</sup>  | 3176 | 3176 |
| Jamestown Funding Trust, Term Loan, (1-month USD CME Term SOFR + 2.20%) 5.83% 6/15/2072 <sup>(a)(e)(g)(h)</sup>  | 502 | 502 |
| Jamestown Funding Trust, Term Loan, (1-month USD CME Term SOFR + 3.15%) 6.78% 6/15/2072 <sup>(a)(e)(g)(h)</sup>  | 401 | 402 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; KKR Maguire Levered Borrower, LLC, Delayed Draw Term Loan, (3-month USD CME Term SOFR + 2.75%) 6.418% <br>11/22/2032 <sup>(a)(g)(h)</sup>  | 570 | 457 |
| Koala Investment Holdings, Inc., Term Loan, (3-month USD CME Term SOFR + 4.25%) 7.95% 8/29/2032 <sup>(a)(e)(g)(h)</sup>  | 1660 | 1652 |
| Oak Funding, LLC, Term Loan, (3-month USD CME Term SOFR + 4.50%) 8.168% 12/2/2032 <sup>(a)(e)(g)(h)</sup>  | 911 | 907 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; PPV Intermediate Holdings, LLC, Delayed Draw Term Loan, (3-month USD CME Term SOFR + 6.00%) 9.673% <br> 8/31/2029 <sup>(a)(g)(h)</sup>  | 40 | 39 |
| PPV Intermediate Holdings, LLC, Revolver, (3-month USD CME Term SOFR + 5.75%) 9.414% 8/31/2029 <sup>(a)(g)(h)</sup>  | 226 | 83 |
| PPV Intermediate Holdings, LLC, Term Loan B, (3-month USD CME Term SOFR + 5.75%) 9.423% 8/31/2029 <sup>(a)(g)(h)</sup>  | 2634 | 2564 |
| Rialto Management Group, LLC, Term Loan, (1-month USD CME Term SOFR + 5.00%) 8.418% 12/5/2030 <sup>(a)(g)(h)</sup>  | 1765 | 1782 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Stepstone Boulder II, LP, Delayed Draw Term Loan, (3-month USD CME Term SOFR + 2.70%) 6.401% <br>4/30/2041 <sup>(a)(g)(h)</sup>  | 369 | 148 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; VIB Trade Receivable Designated Activity Co., Revolver, (1-month USD CME Term SOFR + 4.75%) 8.418% <br> 4/23/2029 <sup>(a)(g)(h)</sup>  | 3000 | 2041 |
|  |  | 27464 |
| **Information technology 5.66%** |  |  |
| Bonterra, LLC, Delayed Draw Term Loan, (3-month USD CME Term SOFR + 4.75%) 8.396% 3/5/2032 <sup>(a)(e)(g)(h)</sup>  | 708 | 702 |
| Bonterra, LLC, Revolver, (3-month USD CME Term SOFR + 4.75%) 8.428% 3/5/2032 <sup>(a)(e)(g)(h)</sup>  | 708 | 190 |
| Bonterra, LLC, Term Loan, (3-month USD CME Term SOFR + 4.75%) 8.422% 3/5/2032 <sup>(a)(e)(g)(h)</sup>  | 5403 | 5360 |
| Diamondback Acquisition, Inc., Revolver, (3-month USD CME Term SOFR + 4.50%) 8.451% 9/24/2032 <sup>(a)(g)(h)</sup>  | 102 | 22 |
| Diamondback Acquisition, Inc., Term Loan, (3-month USD CME Term SOFR + 4.50%) 8.173% 9/24/2032 <sup>(a)(g)(h)</sup>  | 744 | 722 |
| Finastra USA, Inc., Term Loan, (3-month USD CME Term SOFR + 4.00%) 7.671% 9/15/2032 <sup>(g)(h)</sup>  | 485 | 456 |
| Flexera Software, LLC, Term Loan, (3-month EUR-EURIBOR + 4.75%) 6.448% 8/16/2032 <sup>(a)(g)(h)</sup>  | EUR635 | 723 |
| Flexera Software, LLC, Term Loan, (3-month USD CME Term SOFR + 4.75%) 8.153% 8/16/2032 <sup>(a)(g)(h)</sup>  | USD2,103 | 2071 |
| Med-Metrix, LLC, Delayed Draw Term Loan, (3-month USD CME Term SOFR + 4.50%) 8.176% 7/21/2032 <sup>(a)(e)(g)(h)</sup>  | 783 | 4 |
| MEDX Holdings, LLC, Term Loan, (1-month USD CME Term SOFR + 4.50%) 8.168% 7/21/2032 <sup>(a)(e)(g)(h)</sup>  | 4470 | 4475 |
| Navex Global Holding Co., Term Loan, (3-month USD CME Term SOFR + 5.00%) 8.678% 10/14/2032 <sup>(a)(e)(g)(h)</sup>  | 551 | 545 |
| Pros Parent, Inc., Term Loan, (3-month USD CME Term SOFR + 4.75%) 8.419% 12/9/2032 <sup>(a)(g)(h)</sup>  | 896 | 894 |
| Safety Borrower Holdings, LLC, Revolver, (3-month USD CME Term SOFR + 4.75%) 10.50% 12/20/2032 <sup>(a)(e)(g)(h)</sup>  | 60 | 3 |
| Safety Borrower Holdings, LLC, Term Loan, (3-month USD CME Term SOFR + 4.75%) 8.418% 12/20/2032 <sup>(a)(e)(g)(h)</sup>  | 666 | 663 |
| Vamos Bidco, Inc., Term Loan, (3-month USD CME Term SOFR + 4.75%) 8.45% 1/30/2032 <sup>(a)(g)(h)</sup>  | 1431 | 1415 |
| Viasat, Inc., Term Loan B, (3-month USD CME Term SOFR + 4.614%) 8.282% 3/2/2029 <sup>(g)(h)</sup>  | 436 | 438 |

---

Capital Group KKR Multi-Sector+ — Page 10 of 23

------

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---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Loans (continued)**<br> **Information technology (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Viasat, Inc., Term Loan B, (1-month USD CME Term SOFR + 4.614%) 8.289% 5/30/2030 <sup>(g)(h)</sup>  | USD263 | $263 |
| Webpros Holding SARL, Term Loan, (3-month USD CME Term SOFR + 5.00%) 8.671% 12/4/2032 <sup>(a)(e)(g)(h)</sup>  | 816 | 801 |
|  |  | 19747 |
| **Materials 1.57%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Consolidated Energy Finance SA, Term Loan B, (3-month USD CME Term SOFR + 4.75%) 8.414% <br>11/15/2030 <sup>(g)(h)</sup>  | 100 | 96 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Packaging Coordinators Midco, Inc., Term Loan, (3-month USD CME Term SOFR + 5.00%) 8.667% <br>10/15/2032 <sup>(a)(e)(g)(h)</sup>  | 5394 | 5384 |
|  |  | 5480 |
| **Consumer staples 1.01%** |  |  |
| TPSI Receivables, LLC, Revolver, (3-month USD CME Term SOFR + 4.75%) 8.414% 1/24/2029 <sup>(a)(e)(g)(h)</sup>  | 3535 | 3461 |
| TreeHouse Foods, Inc., Term Loan B, (1-month USD CME Term SOFR + 4.25%) 7.923% 2/11/2033 <sup>(g)(h)</sup>  | 75 | 74 |
|  |  | 3535 |
| **Health care 0.94%** |  |  |
| AGS Health BCP Holdings, Inc., Term Loan, (3-month USD CME Term SOFR + 4.50%) 1.00% 8/2/2032 <sup>(a)(g)(h)</sup>  | 455 | 450 |
| AGS Health BCP Holdings, Inc., Term Loan, (3-month USD CME Term SOFR + 4.50%) 8.173% 8/2/2032 <sup>(a)(g)(h)</sup>  | 1341 | 1328 |
| AGS Health BCP, LLC, Term Loan, (3-month USD CME Term SOFR + 4.50%) 8.173% 8/2/2032 <sup>(a)(g)(h)</sup>  | 704 | 698 |
| Endo Finance Holdings, Inc., Term Loan B, (3-month USD CME Term SOFR + 3.75%) 7.418% 4/23/2031 <sup>(g)(h)</sup>  | 188 | 187 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Premise Health Holdings Corp., Delayed Draw Term Loan, (3-month USD CME Term SOFR + 4.50%) 8.45% <br> 11/8/2032 <sup>(a)(g)(h)</sup>  | 212 | 126 |
| Premise Health Holdings Corp., Term Loan, (3-month USD CME Term SOFR + 4.75%) 8.45% 11/8/2032 <sup>(a)(g)(h)</sup>  | 501 | 497 |
|  |  | 3286 |
| **Consumer discretionary 0.92%** |  |  |
| ClubCorp Holdings, Inc., Term Loan, (3-month USD CME Term SOFR + 4.75%) 8.418% 7/9/2032 <sup>(a)(e)(g)(h)</sup>  | 2543 | 2531 |
| HP TLE Buyer, Inc., Term Loan, (3-month USD CME Term SOFR + 4.75%) 8.45% 7/1/2032 <sup>(a)(g)(h)</sup>  | 662 | 666 |
|  |  | 3197 |
| **Energy 0.48%** |  |  |
| John Wood Group PLC, Revolver, (3-month USD CME Term SOFR + 5.50%) 9.169% 10/31/2028 <sup>(a)(e)(g)(h)</sup>  | 3500 | 1678 |
| **Communication services 0.24%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Medmark Media Communications, Inc., Term Loan, (3-month USD CME Term SOFR + 5.25%) 8.95% <br>2/16/2030 <sup>(a)(e)(g)(h)</sup>  | 825 | 825 |
| **Total loans** |  | 101765 |
| **Asset-backed obligations 14.66%**<br> **Other asset-backed securities 4.16%**<br>|  |  |
| Centersquare Issuer, LLC, Series 2025-5A, Class A2, 5.30% 12/27/2055 <sup>(i)</sup>  | 1103 | 1075 |
| CLI Funding IX, LLC, Series 2024-1A, Class C, 6.00% 7/20/2049 <sup>(b)(i)</sup>  | 508 | 504 |
| EquipmentShare, Series 2025-1M, Class B, 6.31% 9/26/2033 <sup>(b)(i)</sup>  | 1063 | 1063 |
| Flexential Issuer, LLC, Series 2026-3A, Class A2, 6.00% 3/25/2061 <sup>(i)</sup>  | 436 | 429 |
| Global SC Finance SRL, Series 2025-1H, Class B, 7.848% 9/20/2045 <sup>(b)(i)</sup>  | 565 | 564 |
| Grayrock Fund IV ABS Issuer, LLC, Series 2026-2, Class A, 5.759% 2/15/2041 <sup>(a)(e)(i)(j)</sup>  | 341 | 341 |
| Grayrock Fund IV ABS Issuer, LLC, Series 2026-2, Class B, 10.278% 2/15/2041 <sup>(a)(e)(i)(j)</sup>  | 81 | 81 |
| Ledn Issuer Trust, Series 2026-1A, Class A, 6.748% 2/25/2041 <sup>(b)(i)</sup>  | 149 | 150 |
| Merit Designated Activity Co., Series 2026-1A, Class A, 4.852% 2/15/2040 <sup>(b)(i)</sup>  | 559 | 552 |
| MESA Trust, Series 2025-1, Class A, 0% 6/25/2060 <sup>(a)(i)</sup>  | 135 | 135 |
| MESA Trust, Series 2025-1, Class A, 5.20% 6/25/2060 <sup>(a)(i)</sup>  | 1886 | 1885 |
| MESA Trust, Series 2025-1, Class B, 5.70% 6/25/2060 <sup>(a)(i)</sup>  | 217 | 217 |

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Capital Group KKR Multi-Sector+ — Page 11 of 23

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Asset-backed obligations (continued)**<br> **Other asset-backed securities (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| MESA Trust, Series 2025-1, Class C, 6.45% 6/25/2060 <sup>(a)(i)</sup>  | USD183 | $183 |
| MMP Capital, Series 2025-A, Class B, 5.72% 12/15/2031 <sup>(b)(i)</sup>  | 166 | 168 |
| OWN Equipment Fund II, LLC, Series 2025-1M, Class C, 9.02% 9/26/2033 <sup>(b)(i)</sup>  | 895 | 919 |
| SSI ABS Issuer, LLC, Series 2025-1, Class A, 6.15% 7/25/2065 <sup>(b)(i)</sup>  | 488 | 485 |
| SSI ABS Issuer, LLC, Series 2025-1, Class B, 7.82% 7/25/2065 <sup>(b)(i)</sup>  | 458 | 461 |
| Sunrun Julius Issuer, Series 2023-2A, Class A1, 6.60% 1/30/2059 <sup>(b)(i)</sup>  | 708 | 715 |
| Sunrun Jupiter Issuer, LLC, Series 2022-1A, Class A, 4.75% 7/30/2057 <sup>(b)(i)</sup>  | 413 | 396 |
| Sunrun Neptune Issuer, LLC, Series 2024-1A, Class A, 6.27% 2/1/2055 <sup>(b)(i)</sup>  | 128 | 128 |
| SunStrong Issuer, LLC, Series 2025-1, Class A2, 5.95% 12/28/2055 <sup>(b)(i)</sup>  | 1197 | 1191 |
| SVC ABS, LLC, Series 2026-1A, Class A, 5.157% 3/20/2056 <sup>(b)(i)</sup>  | 194 | 193 |
| SVC ABS, LLC, Series 2026-1A, Class B, 5.795% 3/20/2056 <sup>(b)(i)</sup>  | 498 | 493 |
| SVC ABS, LLC, Series 2026-1A, Class M, 7.549% 3/20/2056 <sup>(b)(i)</sup>  | 171 | 169 |
| VFI ABS, LLC, Series 2025-1A, Class D, 7.69% 4/26/2032 <sup>(b)(i)</sup>  | 2000 | 2015 |
|  |  | 14512 |
| **Home equity 3.77%** |  |  |
| HTAP Trust, Series 2025-2, Class A, 6.50% 6/25/2043 <sup>(b)(i)</sup>  | 2872 | 2852 |
| HTAP Trust, Series 2025-2, Class B, 8.00% 6/25/2043 <sup>(b)(i)</sup>  | 167 | 164 |
| Unison Trust, Series 2025-1, Class A, 6.00% 7/25/2055 <sup>(i)</sup>  | 1748 | 1638 |
| Unlock HEA Trust, Series 2025-2, Class A, 6.00% 11/25/2041 <sup>(b)(i)</sup>  | 320 | 317 |
| Unlock HEA Trust, Series 2025-2, Class B, 7.25% 11/25/2041 <sup>(b)(i)</sup>  | 168 | 164 |
| Unlock HEA Trust, Series 2025-3, Class A, 5.75% 12/25/2041 <sup>(b)(i)</sup>  | 1983 | 1947 |
| Unlock HEA Trust, Series 2025-3, Class B, 7.25% 12/25/2041 <sup>(b)(i)</sup>  | 501 | 483 |
| Woodward Capital Management, Series 2024-CES8, Class B2, 8.391% 11/25/2044 <sup>(b)(i)</sup>  | 3000 | 3047 |
| Woodward Capital Management, Series 2025-CES1, Class B1, 7.653% 1/25/2045 <sup>(b)(h)(i)</sup>  | 2500 | 2550 |
|  |  | 13162 |
| **Auto loan 3.43%** |  |  |
| American Credit Acceptance Receivables Trust, Series 2023-1, Class E, 9.79% 12/12/2029 <sup>(b)(i)</sup>  | 700 | 720 |
| American Credit Acceptance Receivables Trust, Series 2022-4, Class E, 10.00% 1/14/2030 <sup>(b)(i)</sup>  | 700 | 708 |
| American Credit Acceptance Receivables Trust, Series 2023-4, Class E, 9.79% 8/12/2031 <sup>(b)(i)</sup>  | 700 | 736 |
| American Credit Acceptance Receivables Trust, Series 2023-3, Class E, 9.54% 10/14/2031 <sup>(b)(i)</sup>  | 700 | 730 |
| American Credit Acceptance Receivables Trust, Series 2024-2, Class E, 7.87% 11/12/2031 <sup>(b)(i)</sup>  | 700 | 720 |
| American Credit Acceptance Receivables Trust, Series 2024-1, Class E, 7.98% 11/12/2031 <sup>(b)(i)</sup>  | 700 | 721 |
| Avis Budget Rental Car Funding (AESOP), LLC, Series 2023-6A, Class D, 7.37% 12/20/2029 <sup>(b)(i)</sup>  | 100 | 102 |
| Avis Budget Rental Car Funding (AESOP), LLC, Series 2023-8A, Class D, 7.52% 2/20/2030 <sup>(b)(i)</sup>  | 100 | 101 |
| CPS Auto Trust, Series 2025-D, Class D, 5.45% 2/17/2032 <sup>(b)(i)</sup>  | 1000 | 1009 |
| CPS Auto Trust, Series 2026-A, Class E, 6.66% 8/15/2033 <sup>(b)(i)</sup>  | 1000 | 976 |
| Exeter Automobile Receivables Trust, Series 2025-2A, Class E, 7.81% 10/15/2032 <sup>(b)(i)</sup>  | 2000 | 2034 |
| Hertz Vehicle Financing III, LLC, Series 2023-3, Class D, 9.43% 2/25/2028 <sup>(b)(i)</sup>  | 1000 | 1017 |
| Hertz Vehicle Financing, LLC, Series 2024-1A, Class D, 9.22% 1/25/2029 <sup>(b)(i)</sup>  | 492 | 502 |
| Prestige Auto Receivables Trust, Series 2024-2A, Class E, 6.75% 11/17/2031 <sup>(b)(i)</sup>  | 1296 | 1254 |
| Research-Driven Pagaya Motor Asset Trust I, Series 2025-4A, Class B, 5.497% 4/25/2034 <sup>(b)(i)</sup>  | 643 | 641 |
|  |  | 11971 |
| **Collateralized loan obligations 1.34%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fortress Credit BSL, Ltd., Series 2023-3A, Class CR, (3-month USD CME Term SOFR + 1.75%) 5.421% <br>1/23/2037 <sup>(b)(h)(i)</sup>  | 291 | 290 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fortress Credit BSL, Ltd., CLO, Series 2023-1A, Class BR, (3-month USD CME Term SOFR + 1.85%) 5.521% <br> 4/23/2036 <sup>(b)(h)(i)</sup>  | 829 | 829 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Harvest US CLO, Ltd., Series 2023-1A, Class CR, (3-month USD CME Term SOFR + 1.75%) 5.422% <br>1/15/2037 <sup>(b)(h)(i)</sup>  | 270 | 268 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sound Point CLO, Ltd., Series 2022-1A, Class BR, (3-month USD CME Term SOFR + 1.75%) 5.418% <br>4/20/2035 <sup>(b)(h)(i)</sup>  | 250 | 250 |

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Capital Group KKR Multi-Sector+ — Page 12 of 23

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Asset-backed obligations (continued)**<br> **Collateralized loan obligations (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Symphony CLO, Ltd., Series 2021-28A, Class DR, (3-month USD CME Term SOFR + 2.85%) 6.65% <br>1/23/2036 <sup>(b)(h)(i)</sup>  | USD1,000 | $987 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Trinitas CLO, Ltd., Series 2020-12A, Class B1R2, (3-month USD CME Term SOFR + 1.55%) 5.218% <br>4/25/2033 <sup>(b)(h)(i)</sup>  | 659 | 658 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Trinitas CLO, Ltd., Series 2020-12A, Class CR2, (3-month USD CME Term SOFR + 1.80%) 5.468% <br>4/25/2033 <sup>(b)(h)(i)</sup>  | 750 | 747 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Trinitas CLO, Ltd., Series 2021-17A, Class CR, (3-month USD CME Term SOFR + 2.00%) 5.668% <br>10/20/2034 <sup>(b)(h)(i)</sup>  | 634 | 630 |
|  |  | 4659 |
| **Student loan 1.12%** |  |  |
| DRB Prime Student Loan Trust, Series 2017-B, Class R, 0% 8/25/2042 <sup>(a)(b)(i)</sup>  | —<br> <sup>(k)</sup><br>| 159 |
| JPTR Trust, Series 2025-1, Class R, 0% 12/25/2055 <sup>(a)(i)</sup>  | 30 | 31 |
| JPTR Trust, Series 2025-1, Class R, 0% 12/25/2055 <sup>(a)(i)</sup>  | 28 | 29 |
| JPTR Trust, Series 2025-1, Class A-FL, (1-month USD CME Term SOFR + 1.20%) 4.87% 12/25/2055 <sup>(a)(h)(i)</sup>  | 50 | 50 |
| JPTR Trust, Series 2025-1, Class A-FL, (3-month USD CME Term SOFR + 1.20%) 5.16% 12/25/2055 <sup>(a)(h)(i)</sup>  | 18 | 18 |
| JPTR Trust, Series 2025-1, Class A-FX, 4.85% 12/25/2055 <sup>(a)(i)</sup>  | 316 | 318 |
| JPTR Trust, Series 2025-1, Class A-FX, 4.95% 12/25/2055 <sup>(a)(i)</sup>  | 232 | 232 |
| JPTR Trust, Series 2025-1, Class B, 5.25% 12/25/2055 <sup>(a)(i)</sup>  | 58 | 58 |
| JPTR Trust, Series 2025-1, Class B, 5.45% 12/25/2055 <sup>(a)(i)</sup>  | 40 | 40 |
| JPTR Trust, Series 2025-1, Class C, 5.50% 12/25/2055 <sup>(a)(i)</sup>  | 13 | 14 |
| JPTR Trust, Series 2025-1, Class C, 5.65% 12/25/2055 <sup>(a)(i)</sup>  | 9 | 9 |
| JPTR Trust, Series 2025-1, Class D, 6.10% 12/25/2055 <sup>(a)(i)</sup>  | 9 | 9 |
| JPTR Trust, Series 2025-1, Class D, 6.25% 12/25/2055 <sup>(a)(i)</sup>  | 6 | 6 |
| Navient Education Loan Trust, Series 2025-A, Class D, 6.03% 7/15/2055 <sup>(b)(i)</sup>  | 315 | 316 |
| Nelnet Student Loan Trust, Series 2026-A, Class C, 5.34% 2/21/2061 <sup>(b)(i)</sup>  | 888 | 868 |
| Nelnet Student Loan Trust, Series 2026-A, Class D, 5.84% 2/21/2061 <sup>(b)(i)</sup>  | 510 | 501 |
| SMB Private Education Loan Trust, Series 2025-B, Class D, 6.63% 3/17/2053 <sup>(b)(i)</sup>  | 1177 | 1182 |
| SMB Private Education Loan Trust, Series 2022-D, Class C, 6.58% 10/15/2058 <sup>(b)(i)</sup>  | 68 | 69 |
|  |  | 3909 |
| **Credit card 0.84%** |  |  |
| Mission Lane Credit Card Master Trust, Series 2025-B, Class E, 8.08% 9/15/2031 <sup>(b)(i)</sup>  | 3000 | 2924 |
| **Total asset-backed obligations** |  | 51137 |
| **Mortgage-backed obligations 12.28%**<br> **Commercial mortgage-backed securities 8.33%**<br>|  |  |
| ALA Trust, Series 2025-OANA, Class C, (1-month USD CME Term SOFR + 2.092%) 5.765% 6/15/2040 <sup>(b)(h)(i)</sup>  | 1143 | 1148 |
| Atrium Hotel Portfolio Trust, Series 2024-ATRM, Class C, 5.952% 11/10/2029 <sup>(b)(h)(i)</sup>  | 536 | 542 |
| Atrium Hotel Portfolio Trust, Series 2024-ATRM, Class D, 7.167% 11/10/2029 <sup>(b)(h)(i)</sup>  | 2000 | 2043 |
| Barclays Commercial Mortgage Securities, LLC, Series 2024-5C27, Class C, 6.70% 7/15/2057 <sup>(h)(i)</sup>  | 490 | 502 |
| Benchmark Mortgage Trust, Series 2018-B7, Class B, 4.831% 5/15/2053 <sup>(h)(i)</sup>  | 700 | 641 |
| Benchmark Mortgage Trust, Series 2020-B22, Class AM, 2.163% 1/15/2054 <sup>(i)</sup>  | 407 | 350 |
| Benchmark Mortgage Trust, Series 2024-V5, Class C, 6.972% 1/10/2057 <sup>(h)(i)</sup>  | 500 | 511 |
| Benchmark Mortgage Trust, Series 2024-V8, Class C, 6.948%% 7/15/2057 <sup>(h)(i)</sup>  | 1000 | 1035 |
| Benchmark Mortgage Trust, Series 2025-V15, Class C, 6.268% 6/15/2058 <sup>(i)</sup>  | 1683 | 1709 |
| Benchmark Mortgage Trust, Series 2025-V15, Class B, 6.425% 6/15/2058 <sup>(i)</sup>  | 154 | 160 |
| BMO Mortgage Trust, Series 2025-5C10, Class B, 6.445% 5/15/2058 <sup>(h)(i)</sup>  | 2000 | 2084 |
| BX Trust, Series 2024-AIR2, Class D, (1-month USD CME Term SOFR + 2.79%) 6.463% 10/15/2041 <sup>(b)(h)(i)</sup>  | 1199 | 1201 |
| BX Trust, Series 2025-VLT6, Class D, (1-month USD CME Term SOFR + 2.5916%) 6.264% 3/15/2042 <sup>(b)(h)(i)</sup>  | 490 | 486 |
| BX Trust, Series 2025-GW, Class D, (1-month USD CME Term SOFR + 2.75%) 6.423% 7/15/2042 <sup>(b)(h)(i)</sup>  | 1000 | 1002 |
| BX Trust, Series 2025-VLT7, Class C, (1-month USD CME Term SOFR + 2.35%) 6.023% 7/15/2044 <sup>(b)(h)(i)</sup>  | 1332 | 1325 |
| BX Trust, Series 2025-VOLT, Class C, (1-month USD CME Term SOFR + 2.35%) 6.023% 12/15/2044 <sup>(b)(h)(i)</sup>  | 1000 | 996 |

---

Capital Group KKR Multi-Sector+ — Page 13 of 23

------

**unaudited**

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Mortgage-backed obligations (continued)**<br> **Commercial mortgage-backed securities (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BXSC Commercial Mortgage Trust, Series 2022-WSS, Class D, (1-month USD CME Term SOFR + 3.188%) 6.861% <br> 3/15/2035 <sup>(b)(h)(i)</sup>  | USD1,451 | $1451 |
| Citigroup Commercial Mortgage Trust, Series 2016-GC36, Class A5, 3.616% 2/10/2049 <sup>(i)</sup>  | 428 | 425 |
| Commercial Mortgage Trust, Series 2019-GC44, Class AM, 3.263% 8/15/2057 <sup>(i)</sup>  | 2000 | 1860 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Extended Stay America Trust, Series 2025-ESH, Class D, (1-month USD CME Term SOFR + 2.60%) 6.273% <br> 10/15/2042 <sup>(b)(h)(i)</sup>  | 874 | 877 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fontainebleau Miami Beach Trust, Series 2024-FBLU, Class E, (1-month USD CME Term SOFR + 3.15%) 6.823% <br> 12/15/2039 <sup>(b)(h)(i)</sup>  | 1000 | 1005 |
| GS Mortgage Securities Trust, Series 2024-70P, Class B, 5.318% 3/10/2041 <sup>(b)(h)(i)</sup>  | 100 | 101 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hawaii Hotel Trust, Series 2025-MAUI, Class D, (1-month USD CME Term SOFR + 2.591%) 6.264% <br>3/15/2042 <sup>(b)(h)(i)</sup>  | 1412 | 1414 |
| HTL Commercial Mortgage Trust, Series 2024-T53, Class D, 8.198% 5/10/2039 <sup>(b)(h)(i)</sup>  | 150 | 152 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; KSL Commercial Mortgage Trust, Series 2024-HT2, Class D, (1-month USD CME Term SOFR + 3.29%) 6.962% <br> 12/15/2039 <sup>(b)(h)(i)</sup>  | 1248 | 1243 |
| Morgan Stanley Bank of America Merrill Lynch Trust, Series 2025-5C2, Class C, 5.743% 11/15/2058 <sup>(h)(i)</sup>  | 53 | 52 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Multifamily Connecticut Avenue Securities, Series 2024-01, Class M7, (30-day Average USD-SOFR + 2.75%) <br> 6.412% 7/25/2054 <sup>(b)(h)(i)</sup>  | 1930 | 1955 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Multifamily Connecticut Avenue Securities, Series 2025-01, Class M1, (30-day Average USD-SOFR + 2.40%) <br> 6.062% 5/25/2055 <sup>(b)(h)(i)</sup>  | 710 | 722 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Multifamily Connecticut Avenue Securities, Series 2025-01, Class M2, (30-day Average USD-SOFR + 3.10%) <br> 6.762% 5/25/2055 <sup>(b)(h)(i)</sup>  | 242 | 243 |
| NYC Commercial Mortgage Trust, Series 2025-28L, Class D, 6.213% 11/5/2038 <sup>(b)(h)(i)</sup>  | 480 | 480 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; NYC Commercial Mortgage Trust, Series 2025-3BP, Class C, (1-month USD CME Term SOFR + 1.892%) 5.565% <br> 2/15/2042 <sup>(b)(h)(i)</sup>  | 475 | 474 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SWCH Commercial Mortgage Trust, Series 2025-DATA, Class E, (1-month USD CME Term SOFR + 3.29%) 7.013% <br> 2/15/2042 <sup>(b)(h)(i)</sup>  | 264 | 260 |
| Wells Fargo Commercial Mortgage Trust, Series 2025-1918, Class A, 5.204% 9/15/2040 <sup>(b)(h)(i)</sup>  | 69 | 69 |
| Wells Fargo Commercial Mortgage Trust, Series 2025-5C4, Class C, 6.284% 5/15/2058 <sup>(h)(i)</sup>  | 386 | 387 |
| Wells Fargo Commercial Mortgage Trust, Series 2025-5C4, Class B, 6.394% 5/15/2058 <sup>(h)(i)</sup>  | 172 | 178 |
|  |  | 29083 |
| **Collateralized mortgage-backed obligations 3.65%** |  |  |
| COLT Funding, LLC, Series 2024-4, Class B2, 7.784% 7/25/2069 <sup>(b)(h)(i)</sup>  | 1000 | 1013 |
| Finance of America Structured Securities Trust, Series 2025-PC1, Class A1, 4.50% 5/25/2075 <sup>(b)(c)(i)</sup>  | 819 | 783 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2020-HQA1, Class B2, (30-day Average <br> USD-SOFR + 5.214%) 8.876% 1/25/2050 <sup>(b)(h)(i)</sup>  | 880 | 974 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2020-DNA1, Class B2, (30-day Average <br> USD-SOFR + 5.364%) 9.026% 1/25/2050 <sup>(b)(h)(i)</sup>  | 300 | 334 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2020-DNA2, Class B2, (30-day Average <br> USD-SOFR + 4.914%) 8.576% 2/25/2050 <sup>(b)(h)(i)</sup>  | 1500 | 1649 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2020-DNA4, Class B2, (30-day Average <br> USD-SOFR + 10.114%) 13.776% 8/25/2050 <sup>(b)(h)(i)</sup>  | 240 | 317 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2020-DNA5, Class B2, (30-day Average <br> USD-SOFR + 11.50%) 15.162% 10/25/2050 <sup>(b)(h)(i)</sup>  | 1285 | 1767 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2020-DNA6, Class B2, (30-day Average <br> USD-SOFR + 5.65%) 9.312% 12/25/2050 <sup>(b)(h)(i)</sup>  | 920 | 1072 |
| Morgan Stanley Residential Mortgage Loan Trust, Series 2025-NQM6, Class AIOS, 0.331% 7/25/2070 <sup>(b)(h)(i)</sup>  | 9857 | 53 |
| Morgan Stanley Residential Mortgage Loan Trust, Series 2025-NQM6, Class XS, 1.803% 7/25/2070 <sup>(b)(h)(i)</sup>  | 9856 | 388 |
| Morgan Stanley Residential Mortgage Loan Trust, Series 2025-NQM6, Class B1, 6.645% 7/25/2070 <sup>(b)(h)(i)</sup>  | 216 | 214 |
| Morgan Stanley Residential Mortgage Loan Trust, Series 2025-NQM6, Class B2, 7.171% 7/25/2070 <sup>(b)(h)(i)</sup>  | 250 | 245 |
| Morgan Stanley Residential Mortgage Loan Trust, Series 2025-NQM6, Class XS, 7.171% 7/25/2070 <sup>(b)(h)(i)</sup>  | 142 | 137 |
| Morgan Stanley Residential Mortgage Loan Trust, Series 2025-DSC3, Class AIOS, 0.326% 9/25/2070 <sup>(b)(h)(i)</sup>  | 6909 | 39 |
| Morgan Stanley Residential Mortgage Loan Trust, Series 2025-DSC3, Class AIOS, 1.919% 9/25/2070 <sup>(b)(h)(i)</sup>  | 6909 | 394 |
| Morgan Stanley Residential Mortgage Loan Trust, Series 2025-DSC3, Class B1, 6.432% 9/25/2070 <sup>(b)(h)(i)</sup>  | 197 | 194 |

---

Capital Group KKR Multi-Sector+ — Page 14 of 23

------

**unaudited**

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Mortgage-backed obligations (continued)**<br> **Collateralized mortgage-backed obligations (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Morgan Stanley Residential Mortgage Loan Trust, Series 2025-DSC3, Class B2, 7.192% 9/25/2070 <sup>(b)(h)(i)</sup>  | USD226 | $221 |
| Morgan Stanley Residential Mortgage Loan Trust, Series 2025-DSC3, Class B3, 7.192% 9/25/2070 <sup>(b)(h)(i)</sup>  | 115 | 105 |
| Santander Mortgage Asset Receivable Trust, Series 2025-NQM4, Class AIOS, 0.420% 7/25/2065 <sup>(e)(h)(i)</sup>  | 10431 | 67 |
| Santander Mortgage Asset Receivable Trust, Series 2025-NQM4, Class XS, 1.503% 7/25/2065 <sup>(e)(h)(i)</sup>  | 10431 | 339 |
| Santander Mortgage Asset Receivable Trust, Series 2025-NQM4, Class B1, 7.053% 7/25/2065 <sup>(e)(h)(i)</sup>  | 361 | 362 |
| Santander Mortgage Asset Receivable Trust, Series 2025-NQM4, Class B2, 7.053% 7/25/2065 <sup>(e)(h)(i)</sup>  | 303 | 297 |
| Santander Mortgage Asset Receivable Trust, Series 2025-NQM4, Class B3, 7.053% 7/25/2065 <sup>(e)(h)(i)</sup>  | 189 | 182 |
| Verus Securitization Trust, Series 2023-INV3, Class B2, 8.162% 11/25/2068 <sup>(b)(h)(i)</sup>  | 809 | 815 |
| Verus Securitization Trust, Series 2024-1, Class B1, 7.909% 1/25/2069 <sup>(b)(h)(i)</sup>  | 771 | 779 |
|  |  | 12740 |
| **Commercial mortgage backed securities 0.30%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BX Commercial Mortgage Trust, Series 2026-VLT9, Class B, (1-month USD CME Term SOFR + 2.15%) 5.823% <br> 3/15/2045 <sup>(b)(h)(i)</sup>  | 726 | 722 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BX Commercial Mortgage Trust, Series 2026-VLT9, Class C, (1-month USD CME Term SOFR + 2.55%) 6.223% <br> 3/15/2045 <sup>(b)(h)(i)</sup>  | 311 | 310 |
|  |  | 1032 |
| **Total mortgage-backed obligations** | **Total mortgage-backed obligations** | 42855 |
| **U.S. Treasury bonds & notes 7.38%**<br> **U.S. Treasury 7.38%**<br>|  |  |
| U.S. Treasury 3.375% 11/30/2027  | —<br> <sup>(k)</sup><br>| — <br><sup>(k)</sup><br>|
| U.S. Treasury 3.375% 2/29/2028  | 23 | 23 |
| U.S. Treasury 3.875% 3/31/2028  | 228 | 229 |
| U.S. Treasury 3.50% 2/28/2031  | 6130 | 6012 |
| U.S. Treasury 3.875% 3/31/2031  | 6293 | 6274 |
| U.S. Treasury 4.125% 2/15/2036 <sup>(l)</sup>  | 8542 | 8409 |
| U.S. Treasury 4.625% 11/15/2055  | 5020 | 4794 |
|  |  | 25741 |
| **Total U.S. Treasury bonds & notes** | **Total U.S. Treasury bonds & notes** | 25741 |
| **Bonds & notes of governments & government agencies outside the U.S. 0.11%**<br> **Mexico 0.11%**<br>|  |  |
| United Mexican States 5.625% 9/22/2035  | 400 | 388 |
| **Total bonds & notes of governments & government agencies outside the U.S.** |  | 388 |
| **Total bonds, notes & other debt instruments** (cost: $326,628,000) | **Total bonds, notes & other debt instruments** (cost: $326,628,000) | 324963 |
| Convertible bonds & notes 0.13%<br> **Communication services 0.05%**<br>|  |  |
| EchoStar Corp., convertible notes, 3.875% Cash 11/30/2030 <sup>(d)</sup>  | 51 | 183 |
| **Information technology 0.08%** |  |  |
| Strategy, Inc., convertible notes, 0% 12/1/2029  | 310 | 258 |
| **Total convertible bonds & notes** (cost: $343,000) |  | 441 |
| Common stock and other investments 1.29%<br> **Industrials 0.84%**<br>| Shares |  |
| KSC I Aircraft, LP <sup>(a)(m)(n)</sup> <br>| 2945093 | 2949 |

---

Capital Group KKR Multi-Sector+ — Page 15 of 23

------

**unaudited**

---

| | | |
|:---|:---|:---|
| Common stock and other investments (continued)<br> **Financials 0.45%**<br>| Shares | Value<br> (000)<br>|
| Kasper 2, LP <sup>(a)(m)(n)</sup> <br>| 11651745 | $1242 |
| KKR Maguire Aggregator, LLC <sup>(a)(m)(n)</sup> <br>| 318152 | 318 |
|  |  | 1560 |
| **Energy 0.00%** |  |  |
| New Fortress Energy, Inc., Class A <sup>(m)</sup> <br>| 10819 | 6 |
| **Total common stock and other investments** (cost: $4,493,000) |  | 4515 |
| Short-term securities 5.18%<br> **Money market investments 5.18%**<br>|  |  |
| Capital Group Central Cash Fund 3.71% <sup>(o)(p)</sup>  | 180809 | 18079 |
| **Total short-term securities** (cost: $18,079,000) |  | 18079 |
| **Total investment securities 99.74%** (cost: $349,543,000) | **Total investment securities 99.74%** (cost: $349,543,000) | 347998 |
| Other assets less liabilities 0.26% |  | 896 |
| **Net assets 100.00%** | **Net assets 100.00%** | $348894 |

---

Futures contracts

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Contracts | Type | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Number of <br>contracts<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration <br>date<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Notional <br>amount <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Value and <br>unrealized <br>appreciation <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(depreciation) <br>at 3/31/2026 <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>|
| 2 Year U.S. Treasury Note Futures | Long | 50 | 6/30/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; USD10,372 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(36)<br>|
| 5 Year U.S. Treasury Note Futures | Long | 295 | 6/30/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 31913 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (255)<br>|
| 10 Year U.S. Treasury Note Futures | Long | 60 | 6/18/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6663 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (128)<br>|
| 10 Year Ultra U.S. Treasury Note Futures | Long | 14 | 6/18/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1589 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (36)<br>|
| U.S. Treasury Long Term Bonds Futures | Short | 1 | 6/18/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (114)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4 |
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(451)<br>|

---

Forward currency contracts

------

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| Contract amount | Contract amount | Contract amount | Contract amount | Counterparty | &nbsp;&nbsp;&nbsp; Settlement <br>date | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unrealized <br>appreciation <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(depreciation) <br>at 3/31/2026 <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(000) |
| Currency purchased <br>(000) | Currency purchased <br>(000) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Currency sold <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(000) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Currency sold <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(000) | Counterparty | &nbsp;&nbsp;&nbsp; Settlement <br>date | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unrealized <br>appreciation <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(depreciation) <br>at 3/31/2026 <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(000) |
| USD | 751 | EUR | 635 | Citibank | 4/1/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $17 |
| EUR | 635 | USD | 728 | Citibank | 4/1/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6 |
| USD | 1370 | NOK | 13270 | HSBC Bank | 4/13/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — <br><sup>(k)</sup><br>|
| USD | 729 | EUR | 635 | Citibank | 5/8/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (6)<br>|
|  |  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $17 |

---

Capital Group KKR Multi-Sector+ — Page 16 of 23

------

**unaudited**

Swap contracts

------

**Credit default swaps**

**Centrally cleared credit default swaps on credit indices — buy protection** 

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| Reference <br>index<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financing <br>rate paid<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Payment <br>frequency<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration <br>date<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Notional <br>amount <br>&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Value at <br>3/31/2026 <br>&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Upfront <br>premium <br>paid <br>&nbsp;&nbsp;&nbsp;&nbsp;(received) <br>&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unrealized <br>appreciation <br>&nbsp;&nbsp;&nbsp;&nbsp;(depreciation) <br>at 3/31/2026 <br>&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>|
| CDX.NA.HY.46 | 5.00% | Quarterly | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/20/2031 | USD8,700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $417 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $351 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $66 |

---

**Centrally cleared credit default swaps on credit indices — sell protection** 

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| Reference <br>index<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financing <br>rate received<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Payment <br>frequency<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration <br>date<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Notional <br>amount <sup>(q)</sup> <br>&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Value at <br>3/31/2026 <sup>(r)</sup> <br>&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Upfront <br>premium <br>paid <br>&nbsp;&nbsp;&nbsp;&nbsp;(received) <br>&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unrealized <br>appreciation <br>&nbsp;&nbsp;&nbsp;&nbsp;(depreciation) <br>at 3/31/2026 <br>&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>|
| CDX.NA.HY.45 | 5.00% | Quarterly | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12/20/2030 | USD(3663) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(193)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(172)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(21)<br>|

---

Investments in affiliates <sup>(p)</sup>

------

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Value at <br>12/31/2025 <br>(000)<br>| Additions <br>(000)<br>| Reductions <br>(000)<br>| Net <br>realized <br>gain (loss) <br>(000)<br>| Net <br>unrealized <br>appreciation <br>(depreciation) <br>(000)<br>| Value at <br>3/31/2026 <br>(000)<br>| Dividend <br>or interest <br>income <br>(000)<br>|
| **Short-term securities 5.18%** | **Short-term securities 5.18%** | **Short-term securities 5.18%** | **Short-term securities 5.18%** | **Short-term securities 5.18%** | **Short-term securities 5.18%** | **Short-term securities 5.18%** | **Short-term securities 5.18%** |
| **Money market investments 5.18%** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital Group Central Cash Fund 3.71% <sup>(o)</sup> <br>| $12668 | &nbsp;&nbsp; $37672 | &nbsp;&nbsp; $32261 | &nbsp;&nbsp; $— <br><sup>(k)</sup><br>| &nbsp;&nbsp; $— <br><sup>(k)</sup><br>| &nbsp;&nbsp; $18079 | &nbsp;&nbsp; $130 |

---

Restricted securities <sup>(e)</sup>

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Acquisition <br>date(s)<br>| Cost <br>(000)<br>| Value <br>(000)<br>| Percent <br>of net <br>assets<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonterra, LLC, Delayed Draw Term Loan, (3-month USD CME Term <br> SOFR + 4.75%) 8.396% 3/5/2032 <sup>(a)(g)(h)</sup> <br>| 5/29/2025 | $704<br>| $702 | 0.20<br> %<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonterra, LLC, Revolver, (3-month USD CME Term SOFR + 4.75%) <br> 8.428% 3/5/2032 <sup>(a)(g)(h)</sup> <br>| 4/24/2025 | 190<br>| 190 | 0.05 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonterra, LLC, Term Loan, (3-month USD CME Term SOFR + 4.75%) <br> 8.422% 3/5/2032 <sup>(a)(g)(h)</sup> <br>| 4/24/2025 - 8/27/2025 | 5355<br>| 5360 | 1.54 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Truck-Lite Co., LLC, Delayed Draw Term Loan, (3-month USD CME <br> Term SOFR + 4.75%) 8.421% 2/13/2032 <sup>(a)(g)(h)</sup> <br>| 6/17/2025 | 165<br>| 164 | 0.05 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Truck-Lite Co., LLC, Delayed Draw Term Loan, (3-month USD CME <br> Term SOFR + 4.75%) 8.437% 2/13/2032 <sup>(a)(g)(h)</sup> <br>| 6/17/2025 | 43<br>| 43 | 0.01 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Truck-Lite Co., LLC, Term Loan, (3-month USD CME Term SOFR + <br> 4.75%) 8.419% 2/13/2032 <sup>(a)(g)(h)</sup> <br>| 6/17/2025 -8/27/2025 | 5244<br>| 5195 | 1.49 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Truck-Lite Co., LLC, Term Loan, (3-month USD CME Term SOFR + <br> 4.75%) 8.419% 2/13/2032 <sup>(a)(g)(h)</sup> <br>| 6/17/2025 - 7/25/2025 | 171<br>| 170 | 0.05 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Packaging Coordinators Midco, Inc., Term Loan, (3-month USD CME <br> Term SOFR + 5.00%) 8.667% 10/15/2032 <sup>(a)(g)(h)</sup> <br>| 8/27/2025 | 5371<br>| 5384 | 1.54 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MEDX Holdings, LLC, Term Loan, (1-month USD CME Term SOFR + <br> 4.50%) 8.168% 7/21/2032 <sup>(a)(g)(h)</sup> <br>| 7/21/2025 - 8/27/2025 | 4437<br>| 4475 | 1.28 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; TPSI Receivables, LLC, Revolver, (3-month USD CME Term SOFR + <br> 4.75%) 8.414% 1/24/2029 <sup>(a)(g)(h)</sup> <br>| 4/24/2025 | 3410<br>| 3461 | 0.99 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fortna AR, LLC, Revolver, (3-month USD CME Term SOFR + 4.75%) <br> 8.421% 6/1/2029 <sup>(a)(g)(h)</sup> <br>| 4/24/2025 | 3199<br>| 3238 | 0.93 |

---

Capital Group KKR Multi-Sector+ — Page 17 of 23

------

**unaudited**

Restricted securities <sup>(e)</sup> (continued)

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Acquisition<br> date(s)<br>| Cost<br> (000)<br>| Value<br> (000)<br>| Percent<br> of net<br> assets<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Integrity Marketing Acquisition, LLC, Term Loan, (3-month USD CME <br> Term SOFR + 5.00%) 8.673% 8/25/2028 <sup>(a)(g)(h)</sup> <br>| 4/24/2025 | $3170<br>| $3176 | 0.91<br> %<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Low Voltage Holdings, Inc., Term Loan, (3-month USD CME Term <br> SOFR + 4.75%) 8.45% 4/28/2032 <sup>(a)(g)(h)</sup> <br>| 4/30/2025 - 5/29/2025 | 2566<br>| 2609 | 0.75 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ClubCorp Holdings, Inc., Term Loan, (3-month USD CME Term SOFR <br> + 4.75%) 8.418% 7/9/2032 <sup>(a)(g)(h)</sup> <br>| 7/10/2025 | 2526<br>| 2531 | 0.73 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; FSS Buyer, LLC, Term Loan, (3-month USD CME Term SOFR + 4.50%) <br> 8.168% 8/29/2031 <sup>(a)(g)(h)</sup> <br>| 4/24/2025 | 2455<br>| 2465 | 0.71 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woolpert Holdings, Inc., Delayed Draw Term Loan, (3-month USD <br> CME Term SOFR + 4.50%) 8.276% 4/5/2032 <sup>(a)(g)(h)</sup> <br>| 9/26/2025 | 181<br>| 183 | 0.05 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woolpert Holdings, Inc., Term Loan, (3-month USD CME Term SOFR <br> + 4.50%) 8.268% 4/5/2032 <sup>(a)(g)(h)</sup> <br>| 9/26/2025 | 2154<br>| 2162 | 0.62 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woolpert, Inc., Revolver, (3-month USD CME Term SOFR + 4.50%) <br> 8.275% 4/5/2031 <sup>(a)(g)(h)</sup> <br>| 9/26/2025 | 80<br>| 80 | 0.02 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; John Wood Group PLC, Revolver, (3-month USD CME Term SOFR + <br> 5.50%) 9.169% 10/31/2028 <sup>(a)(g)(h)</sup> <br>| 9/9/2025 | 1680<br>| 1678 | 0.48 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Koala Investment Holdings, Inc., Term Loan, (3-month USD CME <br> Term SOFR + 4.25%) 7.95% 8/29/2032 <sup>(a)(g)(h)</sup> <br>| 8/29/2025 | 1652<br>| 1652 | 0.47 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Santander Mortgage Asset Receivable Trust, Series 2025-NQM4, <br> Class B1, 7.053% 7/25/2065 <sup>(h)(i)</sup> <br>| 8/7/2025 | 358<br>| 362 | 0.10 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Santander Mortgage Asset Receivable Trust, Series 2025-NQM4, <br> Class XS, 1.503% 7/25/2065 <sup>(h)(i)</sup> <br>| 8/7/2025 | 390<br>| 339 | 0.10 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Santander Mortgage Asset Receivable Trust, Series 2025-NQM4, <br> Class B2, 7.053% 7/25/2065 <sup>(h)(i)</sup> <br>| 8/7/2025 | 292<br>| 297 | 0.09 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Santander Mortgage Asset Receivable Trust, Series 2025-NQM4, <br> Class B3, 7.053% 7/25/2065 <sup>(h)(i)</sup> <br>| 8/7/2025 | 176<br>| 182 | 0.05 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Santander Mortgage Asset Receivable Trust, Series 2025-NQM4, <br> Class AIOS, 0.420% 7/25/2065 <sup>(h)(i)</sup> <br>| 8/7/2025 | 95<br>| 67 | 0.02 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dispatch Acquisition Holdings, LLC, Revolver, (3-month USD CME <br> Term SOFR + 2.775%) 8.45% 11/19/2032 <sup>(a)(g)(h)</sup> <br>| 11/19/2025 | 71<br>| 71 | 0.02 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dispatch Acquisition Holdings, LLC, Term Loan, (3-month USD CME <br> Term SOFR + 4.75%) 8.422% 11/19/2032 <sup>(a)(g)(h)</sup> <br>| 11/19/2025 | 842<br>| 842 | 0.24 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Oak Funding, LLC, Term Loan, (3-month USD CME Term SOFR + <br> 4.50%) 8.168% 12/2/2032 <sup>(a)(g)(h)</sup> <br>| 12/2/2025 | 907<br>| 907 | 0.26 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jamestown Funding Trust, Term Loan, (1-month USD CME Term <br> SOFR + 2.20%) 5.83% 6/15/2072 <sup>(a)(g)(h)</sup> <br>| 6/13/2025 | 502<br>| 502 | 0.14 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jamestown Funding Trust, Term Loan, (1-month USD CME Term <br> SOFR + 3.15%) 6.78% 6/15/2072 <sup>(a)(g)(h)</sup> <br>| 6/13/2025 | 402<br>| 402 | 0.12 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Higginbotham Insurance Agency, Inc., Term Loan, (3-month USD <br> CME Term SOFR + 4.50%) 8.168% 6/11/2031 <sup>(a)(g)(h)</sup> <br>| 12/11/2025 | 850<br>| 846 | 0.24 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Medmark Media Communications, Inc., Term Loan, (3-month USD <br> CME Term SOFR + 5.25%) 8.95% 2/16/2030 <sup>(a)(g)(h)</sup> <br>| 12/4/2025 | 825<br>| 825 | 0.24 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Webpros Holding SARL, Term Loan, (3-month USD CME Term SOFR <br> + 5.00%) 8.671% 12/4/2032 <sup>(a)(g)(h)</sup> <br>| 12/5/2025 | 804<br>| 801 | 0.23 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Safety Borrower Holdings, LLC, Revolver, (3-month USD CME Term <br> SOFR + 4.75%) 10.50% 12/20/2032 <sup>(a)(g)(h)</sup> <br>| 12/19/2025 | 3<br>| 3 | 0.00 <br><sup>(s)</sup><br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Safety Borrower Holdings, LLC, Term Loan, (3-month USD CME Term <br> SOFR + 4.75%) 8.418% 12/20/2032 <sup>(a)(g)(h)</sup> <br>| 12/19/2025 | 666<br>| 663 | 0.19 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Navex Global Holding Co., (3-month USD CME Term SOFR + 5.00%) <br> 8.678% 10/14/2032 <sup>(a)(g)(h)</sup> <br>| 10/14/2025 | 548<br>| 545 | 0.16 |

---

Capital Group KKR Multi-Sector+ — Page 18 of 23

------

**unaudited**

Restricted securities <sup>(e)</sup> (continued)

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Acquisition<br> date(s)<br>| Cost<br> (000)<br>| Value<br> (000)<br>| Percent<br> of net<br> assets<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Grayrock Fund IV ABS Issuer, LLC, Series 2026-2, Class A, 5.759% <br> 2/15/2041 <sup>(a)(i)(j)</sup> <br>| 3/5/2026 | $341<br>| $341 | 0.10<br> %<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Grayrock Fund IV ABS Issuer, LLC, Series 2026-2, Class B, 10.278% <br> 2/15/2041 <sup>(a)(i)(j)</sup> <br>| 3/5/2026 | 81<br>| 81 | 0.02 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; NFE Brazil Financing, Ltd. 15.00% PIK or 15.00% Cash <br>8/30/2029 <sup>(a)(d)</sup> <br>| 2/17/2026 | 311<br>| 311 | 0.09 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Railpros, Inc., Delayed Draw Term Loan, (3-month USD CME Term <br> SOFR + 4.50%) 7.915% 5/24/2032 <sup>(a)(g)(h)</sup> <br>| 8/4/2025 | 16<br>| 16 | 0.00 <br><sup>(s)</sup><br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Railpros, Inc., Term Loan, (3-month USD CME Term SOFR + 4.50%) <br> 7.915% 5/24/2032 <sup>(a)(g)(h)</sup> <br>| 8/4/2025 | 171<br>| 171 | 0.05 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Med-Metrix, LLC, Delayed Draw Term Loan, (3-month USD CME <br> Term SOFR + 4.50%) 8.176% 7/21/2032 <sup>(a)(g)(h)</sup> <br>| 7/21/2025 | 4<br>| 4 | 0.00 <br><sup>(s)</sup><br>|
| **Total** |  | $53408 | $53496 | 15.33<br> %<br>|

---

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

<sup>(a)</sup> Value determined using significant unobservable inputs.

<sup>(b)</sup> Acquired in a transaction exempt from registration under Rule 144A or, for commercial paper, Section 4(a)(2) of the Securities Act of 1933. May be resold in the U.S. in transactions exempt from registration, normally to qualified institutional buyers. The total value of all such securities was $133,428,000, which represented 38.24% of the net assets of the fund. 

<sup>(c)</sup> Step bond; coupon rate may change at a later date.

<sup>(d)</sup> Payment in kind; the issuer has the option of paying additional securities in lieu of cash. Payment methods and rates are as of the most recent payment when available. 

<sup>(e)</sup> Restricted security, other than Rule 144A securities or commercial paper issued pursuant to Section 4(a)(2) of the Securities Act of 1933.

<sup>(f)</sup> Scheduled interest and/or principal payment was not received.

<sup>(g)</sup> Loan participations and assignments; may be subject to legal or contractual restrictions on resale.

<sup>(h)</sup> Coupon rate may change periodically. Reference rate and spread are as of the most recent information available. Some coupon rates are determined by the issuer or agent based on current market conditions; therefore, the reference rate and spread are not available. For short-term securities, the date of the next scheduled coupon rate change is considered to be the maturity date. 

<sup>(i)</sup> Principal payments may be made periodically. Therefore, the effective maturity date may be earlier than the stated maturity date.

<sup>(j)</sup> Represents securities transacted on a TBA basis.

<sup>(k)</sup> Amount less than one thousand.

<sup>(l)</sup> All or a portion of this security was pledged as collateral. The total value of pledged collateral was $1,176,000, which represented 0.34% of the net assets of the fund. 

<sup>(m)</sup> Non-income producing.

<sup>(n)</sup> Special purpose vehicle.

<sup>(o)</sup> Rate represents the seven-day yield at 3/31/2026.

<sup>(p)</sup> Affiliate of the fund or part of the same "group of investment companies" as the fund, as defined under the Investment Company Act of 1940, as amended.

<sup>(q)</sup> The maximum potential amount the fund may pay as a protection seller should a credit event occur.

<sup>(r)</sup> The prices and resulting values for credit default swap indices serve as an indicator of the current status of the payment/performance risk. As the value of a sell protection credit default swap increases or decreases, when compared to the notional amount of the swap, the payment/performance risk may decrease or increase, respectively. 

<sup>(s)</sup> Amount less than 0.01%.

Valuation disclosures

------

Capital Research and Management Company ("CRMC"), the fund's investment adviser, values the fund's investments at fair value as defined by accounting principles generally accepted in the United States of America. The net asset value per share is calculated once daily as of the close of regular trading on the New York Stock Exchange, normally 4 p.m. New York time, each day the New York Stock Exchange is open. Security transactions are recorded by the fund as of the date the trades are executed with brokers. Assets and liabilities, including investment securities, denominated in currencies other than U.S. dollars are translated into U.S. dollars at the exchange rates supplied by one or more pricing vendors on the valuation date.

**Methods and inputs** — The fund's investment adviser uses the following methods and inputs to establish the fair value of the fund's assets and liabilities. Use of particular methods and inputs may vary over time based on availability and relevance as market and economic conditions evolve.

Capital Group KKR Multi-Sector+ — Page 19 of 23

------

**unaudited**

Equity securities, including depositary receipts, exchange-traded funds, and certain convertible preferred stocks that trade on an exchange or market, are generally valued at the official closing price of, or the last reported sale price on, the exchange or market on which such securities are traded, as of the close of business on the day the securities are being valued or, lacking any sales, at the last available bid price. Prices for each security are taken from the principal exchange or market on which the security trades.

Fixed-income securities, including short-term securities and loans other than directly originated loans, are generally valued at evaluated prices obtained from third-party pricing vendors. Vendors value such securities based on one or more of the inputs described in the following table. The table provides examples of inputs that are commonly relevant for valuing particular classes of fixed-income securities in which the fund is authorized to invest. However, these classifications are not exclusive, and any of the inputs may be used to value any other class of fixed-income security.

---

| | |
|:---|:---|
| **Fixed-income class** | **Example of standard inputs** |
| &nbsp;&nbsp;&nbsp;&nbsp; All | &nbsp;&nbsp;&nbsp; Benchmark yields, transactions, bids, offers, quotations from dealers and <br> trading systems, new issues, spreads and other relationships observed in <br> the markets among comparable securities; and proprietary pricing <br> models such as yield measures calculated using factors such as cash flows, <br> financial or collateral characteristics or performance and other reference <br> data (collectively referred to as "standard inputs")<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; Corporate bonds, notes & loans; convertible securities | Standard inputs and underlying equity of the issuer |
| &nbsp;&nbsp;&nbsp;&nbsp; Bonds & notes of governments & government agencies | Standard inputs and interest rate volatilities |
| &nbsp;&nbsp;&nbsp;&nbsp; Mortgage-backed; asset-backed obligations | &nbsp;&nbsp;&nbsp; Standard inputs and cash flows, prepayment information, default rates, <br> delinquency and loss assumptions, credit enhancements and specific deal <br> information<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; Municipal securities | &nbsp;&nbsp;&nbsp; Standard inputs and, for certain distressed securities, cash flows or <br> liquidation values using a net present value calculation based on inputs <br> that include, but are not limited to, financial statements and debt contracts<br>|

---

Securities with both fixed-income and equity characteristics, or equity securities traded principally among fixed-income dealers, are generally valued in the manner described for either equity or fixed-income securities, depending on which method is deemed most appropriate by the fund's investment adviser. The Capital Group Central Cash Fund ("CCF"), a fund within the Capital Group Central Fund Series ("Central Funds"), is valued based upon a floating net asset value, which fluctuates with changes in the value of CCF's portfolio securities. The underlying securities are valued based on the policies and procedures in CCF's statement of additional information. Exchange-traded options and futures are generally valued at the official closing price for options and official settlement price for futures of the exchange or market on which such instruments are traded, as of the close of business on the day such instruments are being valued. As of March 31, 2026, the fund did not have any options on futures. The average month-end notional amount of options on futures while held was $2,965,000. The average month-end notional amount of futures contracts while held was $53,746,000. Forward currency contracts are valued based on the spot and forward exchange rates obtained from a third-party pricing vendor. The average month-end notional amount of open forward currency contracts while held was $3,225,000. Swaps are generally valued using evaluated prices obtained from third-party pricing vendors who calculate these values based on market inputs that may include the yields of the indices referenced in the instrument and the relevant curve, dealer quotes, default probabilities and recovery rates, and terms of the contract. The average month-end notional amounts of credit default swaps while held was $9,558,000.

Securities and other assets for which representative market quotations are not readily available or are considered unreliable by the fund's investment adviser are fair valued as determined in good faith under fair valuation guidelines adopted by the fund's investment adviser and approved by the board of trustees as further described. The investment adviser follows fair valuation guidelines, consistent with U.S. Securities and Exchange Commission rules and guidance, to consider relevant principles and factors when making fair value determinations. The investment adviser considers relevant indications of value that are reasonably and timely available to it in determining the fair value to be assigned to a particular security, such as the type and cost of the security, restrictions on resale of the security, relevant financial or business developments of the issuer, actively traded similar or related securities, dealer or broker quotes, conversion or exchange rights on the security, related corporate actions, significant events occurring after the close of trading in the security, and changes in overall market conditions. Directly originated loans are valued on an individual loan basis. The fair value of each loan may be informed by the inputs of third-party services. These valuations will incorporate borrower-specific information such as credit performance, significant events affecting the borrower or underlying collateral, and relevant market developments each business day that the New York Stock Exchange is open. In addition, the closing prices of equity securities that trade in markets outside U.S. time zones may be adjusted to reflect significant events that occur after the close of local trading but before the net asset value of each share class of the fund is determined. Fair valuations of investments that are not actively trading involve judgment and may differ materially from valuations that would have been used had greater market activity occurred.

Capital Group KKR Multi-Sector+ — Page 20 of 23

------

**unaudited**

**Processes and structure** — The fund's board of trustees has designated the fund's investment adviser to make fair value determinations, subject to board oversight. The investment adviser has established a Joint Fair Valuation Committee (the "Committee") to administer, implement and oversee the fair valuation process and to make fair value decisions. The Committee regularly reviews its own fair value decisions, as well as decisions made under its standing instructions to the investment adviser's valuation team. The Committee reviews changes in fair value measurements from period to period, pricing vendor information and market data, and may, as deemed appropriate, update the fair valuation guidelines to better reflect the results of back testing and address new or evolving issues. Pricing decisions, processes and controls over security valuation are also subject to additional internal reviews facilitated by the investment adviser's global risk management group. The Committee reports changes to the fair valuation guidelines to the board of trustees. The fund's board and audit committee also regularly review reports that describe fair value determinations and methods.

**Classifications** — The fund's investment adviser classifies the fund's assets and liabilities into three levels based on the inputs used to value the assets or liabilities. Level 1 values are based on quoted prices in active markets for identical securities. Level 2 values are based on significant observable market inputs, such as quoted prices for similar securities and quoted prices in inactive markets. Certain securities trading outside the U.S. may transfer between Level 1 and Level 2 due to valuation adjustments resulting from significant market movements following the close of local trading. Level 3 values are based on significant unobservable inputs that reflect the investment adviser's determination of assumptions that market participants might reasonably use in valuing the securities. The valuation levels are not necessarily an indication of the risk or liquidity associated with the underlying investment. For example, U.S. government securities are reflected as Level 2 because the inputs used to determine fair value may not always be quoted prices in an active market. The fund's valuation levels as of March 31, 2026, were as follows (dollars in thousands):

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Investment securities**  | **Investment securities**  | **Investment securities**  | **Investment securities**  |
|  | **Level 1** | **Level 2** | **Level 3** | **Total** |
| **Assets:** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds, notes & other debt instruments: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Corporate bonds and notes | $— | $99584 | $3493 | $103077 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loans |  | 2675 | 99090 | 101765 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Asset-backed obligations |  | 47322 | 3815 | 51137 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortgage-backed obligations |  | 42855 |  | 42855 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury bonds & notes |  | 25741 |  | 25741 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds & notes of governments & government agencies outside <br> the U.S.<br>|  | 388 |  | 388 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Convertible bonds & notes |  | 441 |  | 441 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Common stock and other investments | 6 |  | 4509 | 4515 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Short-term securities | 18079 |  |  | 18079 |
| Total | $18085 | $219006 | $110907 | $347998 |

---

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Other investments\***  | **Other investments\***  | **Other investments\***  | **Other investments\***  |
|  | **Level 1** | **Level 2** | **Level 3** | **Total** |
| **Assets:** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unrealized appreciation on futures contracts | $4 | $— | $— | $4 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unrealized appreciation on forward currency contracts |  | 23 |  | 23 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unrealized appreciation on centrally cleared credit default swaps |  | 66 |  | 66 |
| **Liabilities:** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unrealized depreciation on futures contracts | (455)<br>|  |  | (455)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unrealized depreciation on forward currency contracts |  | (6)<br>|  | (6)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unrealized depreciation on centrally cleared credit default swaps |  | (21)<br>|  | (21)<br>|
| Total | $(451)<br>| $62 | $— | $(389)<br>|

---

\*

Futures contracts, forward currency contracts and credit default swaps are not included in the fund's investment portfolio.

Capital Group KKR Multi-Sector+ — Page 21 of 23

------

**unaudited**

The following table reconciles the valuation of the fund's Level 3 investment securities and related transactions for the period ended March 31, 2026 (dollars in thousands):

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Corporate bonds** <br>**and notes**<br>| **Loans** | **Asset-backed** <br>**obligations**<br>| **Common stock and** <br>**other investments**<br>| **Total** |
| Beginning value at December 31, 2025 | &nbsp;&nbsp; $3186 | &nbsp;&nbsp; $96835 | &nbsp;&nbsp; $5517 | &nbsp;&nbsp; $3206 | &nbsp;&nbsp; $108744 |
| Transfers into Level 3\* | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Purchases | &nbsp;&nbsp; 311 | &nbsp;&nbsp; 5917 | &nbsp;&nbsp; 935 | &nbsp;&nbsp; 1432 | &nbsp;&nbsp; 8595 |
| Sales and paydowns | &nbsp;&nbsp; — | &nbsp;&nbsp; (3127)<br>| &nbsp;&nbsp; (2638)<br>| &nbsp;&nbsp; (162)<br>| &nbsp;&nbsp; (5927)<br>|
| Accrued premiums/discounts | &nbsp;&nbsp; — | &nbsp;&nbsp; 21 | &nbsp;&nbsp; (15)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; 6 |
| Net realized gain (loss) | &nbsp;&nbsp; — | &nbsp;&nbsp; 2 | &nbsp;&nbsp; — | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 5 |
| Unrealized appreciation (depreciation) | &nbsp;&nbsp; (4)<br>| &nbsp;&nbsp; (558)<br>| &nbsp;&nbsp; 16 | &nbsp;&nbsp; 30 | &nbsp;&nbsp; (516)<br>|
| Transfers out of Level 3\* | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Ending value at March 31, 2026 | &nbsp;&nbsp; $3493 | &nbsp;&nbsp; $99090 | &nbsp;&nbsp; $3815 | &nbsp;&nbsp; $4509 | &nbsp;&nbsp; $110907 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net unrealized appreciation (depreciation) on Level 3 investment <br> securities held at March 31, 2026<br>| &nbsp;&nbsp; $(4)<br>| &nbsp;&nbsp; $(558)<br>| &nbsp;&nbsp; $16 | &nbsp;&nbsp; $30 | &nbsp;&nbsp; $(516)<br>|

---

\*

Transfers into or out of Level 3 are based on the beginning market value of the quarter in which they occurred. These transfers are the result of changes in the availability of pricing sources and/or in the observability of significant inputs used in valuing the securities.

**Unobservable inputs** — Valuation of the fund's Level 3 securities is based on significant unobservable inputs that reflect the investment adviser's determination of assumptions that market participants might reasonably use in valuing the securities. The following table provides additional information used by the fund's investment adviser to fair value the fund's Level 3 securities (dollars in thousands):

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Value at** <br>**3/31/2026**<br>| &nbsp;&nbsp; **Valuation** <br>**technique(s)**<br>| &nbsp;&nbsp; **Unobservable** <br>**inputs**<br>| **Range** <br>**(if applicable)**<br>| &nbsp;&nbsp; **Weighted** <br>**average\***<br>| &nbsp;&nbsp; **Impact to** <br>**valuation from** <br>**an increase in** <br>**input**<sup>†</sup> <br>|
| Corporate bonds and <br> notes | 3493 | Yield analysis | Yield | 6% | 6% | Decrease |
| Corporate bonds and <br> notes | 3493 | Transaction | Transaction price | Not applicable | Not applicable | Not applicable |
| Loans | 99090 | Yield analysis | Yield | 6%-12% | 8% | Decrease |
| Loans | 99090 | Yield analysis | Discount Margin | 2%-8% | 5% | Decrease |
| Loans | 99090 | Transaction | Transaction price | Not applicable | Not applicable | Not applicable |
| Asset-backed obligations | $3815 | Yield analysis | Yield | 5%-17% | 6% | Decrease |
| Asset-backed obligations | $3815 | Transaction | Transaction price | Not applicable | Not applicable | Not applicable |
| Common stock and other <br> investments<br>| 4509 | Yield analysis | Yield | 10%-17% | 13% | Decrease |
| Total | $110907 |  |  |  |  |  |

---

\*

Weighted average is by relative fair value.

<sup>†</sup>

This column represents the directional change in fair value of the Level 3 securities that would result in an increase from the corresponding input. <br>Significant increases and decreases in these inputs in isolation could result in significantly higher or lower fair value measurements.

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

---

| |
|:---|
| **Key to abbreviation(s)** |
| CLO = Collateralized Loan Obligations |
| CME = CME Group |
| DAC = Designated Activity Company |
| EUR = Euro |
| EURIBOR = Euro Interbank Offered Rate |

---

---

| |
|:---|
| NOK = Norwegian Krone |
| PIK = Payment In Kind |
| SOFR = Secured Overnight Financing Rate |
| USD = U.S. Dollar |
| UST = U.S. Treasury |

---

Capital Group KKR Multi-Sector+ — Page 22 of 23

------

**unaudited**

**Investments are not FDIC-insured, nor are they deposits of or guaranteed by a bank or any other entity, so they may lose value.**

**Investors should carefully consider investment objectives, risks, charges and expenses. This and other important information is contained in the fund prospectus and summary prospectus, which can be obtained from your financial professional and should be read carefully before investing. You may also call American Funds Service Company (AFS) at (800) 421-4225 or visit the Capital Group website at capitalgroup.com.**

All Capital Group trademarks mentioned are owned by The Capital Group Companies, Inc., an affiliated company or fund. All other company and product names mentioned are the property of their respective companies.

Capital Client Group, Inc.© 2026 Capital Group. All rights reserved.

PVGEFP1-401-0526

Capital Group KKR Multi-Sector+ — Page 23 of 23

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Capital Group KKR Multi-Sector (plus)

- **b. Investment Company Act file number:** 811-24017

- **c. CIK number of Registrant:** 0002040318

- **d. LEI of Registrant:** 254900TEIF5EUB5WXC84

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

  - **Street Address 1:** 6455 Irvine Center Drive

  - **City:** Irvine

  - **State:** CA

  - **Foreign country:** US

  - **Zip / Postal Code:** 92618

  - **Telephone number:** 949-975-5000

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

- **a. Name of Series:** Capital Group KKR Multi-Sector (plus)

- **c. LEI of Series:** 254900TEIF5EUB5WXC84

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

- **a. Date of fiscal year-end:** 2026-12-31

- **b. Date as of which information is reported:** 2026-03-31

**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:** $355066955.07

**Total Liabilities:** $6136546.74

**Net Assets:** $348930408.33

**Delayed Delivery Securities:** $575000.00

**Cash Not Reported:** $2124911.34

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 16.64146000 | **1-Year:** 3588.09086000 | **5-Year:** 15208.72963000 | **10-Year:** 11353.22717000 | **30-Year:** 1224.76216000

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

- **3-Month:** 154.04397000 | **1-Year:** 12505.60120000 | **5-Year:** 23758.45819000 | **10-Year:** 10555.21308000 | **30-Year:** 34.09366000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000000004 | 0.46%                | 0.68%                | -0.85%               |
| Class ID C000000005 | 0.46%                | 0.69%                | -0.85%               |
| Class ID C000000002 | 0.44%                | 0.66%                | -0.86%               |
| Class ID C000000006 | 0.37%                | 0.59%                | -0.92%               |
| Class ID C000000001 | 0.42%                | 0.65%                | -0.88%               |
| Class ID C000000003 | 0.45%                | 0.67%                | -0.84%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $93867.14                | $-309276.63                                |
| Month 2  | $293553.00               | $277026.72                                 |
| Month 3  | $-32739.34               | $-4270044.71                               |

**Designated Index Information**

- **Index Name:** 60% U.S. Corporate Investment Grade 40% U.S. Corporate High Yield

- **Index Identifier:** 39425

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| BENCHMARK 2024-V8 MORTGAGE TRUST                                                                                  | BMARK 2024-V8 C                                                      | CUSIP: 08190AAF7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1034868.20   | 0.30%             | 2057-07-17      | Variable      | 6.95%                 | No            |                  2 | On Loan: No      |
| Railpros Inc - TL 1L DD 03/25                                                                                     | Railpros Inc - TL 1L DD 03/25                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     15831 | PA      | $15830.70     | 0.00%             | 2032-03-07      | Floating      | 7.91%                 | Yes           |                  3 | On Loan: No      |
| Santander Mortgage Asset Receivable Trust 2025-NQM4                                                               | SAN 2025-NQM4 B1                                                     | CUSIP: 80263BAG4<br>LEI: 254900P9WEZD48ETI035 | Long             | ABS-O            | CORP              | US        |    360550 | PA      | $361603.09    | 0.10%             | 2065-07-25      | Variable      | 7.05%                 | Yes           |                  2 | On Loan: No      |
| Kodiak Gas Services LLC                                                                                           | KGS 5.875 04/01/31 144A                                              | CUSIP: 50012LAF1<br>LEI: 549300ZQBRWEUOVOM131 | Long             | DBT              | CORP              | US        |     75000 | PA      | $75417.93     | 0.02%             | 2031-04-01      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| WULF Compute LLC                                                                                                  | WULF 7.75 10/15/30 144A                                              | CUSIP: 982911AA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    250000 | PA      | $264328.75    | 0.08%             | 2030-10-15      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| ION PLATFORM FINANCE US INC                                                                                       | IONPLA 5 05/01/28 144A                                               | CUSIP: 46206AAE2<br>LEI: 213800FKHT3BRRKMCC89 | Long             | DBT              | CORP              | US        |     40000 | PA      | $37403.68     | 0.01%             | 2028-05-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Advance Auto Parts Inc.                                                                                           | AAP 7.375 08/01/33 144A                                              | CUSIP: 00751YAL0<br>LEI: 529900UCNQ5H9FSL0Y70 | Long             | DBT              | CORP              | US        |    125000 | PA      | $126708.13    | 0.04%             | 2033-08-01      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| Sallie Mae Unlevered - 6.100 12/2055 Class D (Jan26)                                                              | Sallie Mae Unlevered - 6.100 12/2055 Class D (Jan26)                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      8928 | PA      | $8983.96      | 0.00%             | 2055-12-25      | Fixed         | 6.10%                 | No            |                  3 | On Loan: No      |
| CNX Resources Corporation                                                                                         | CNX 7.375 01/15/31 144A                                              | CUSIP: 12653CAK4<br>LEI: 549300JK3KH8PWM3B226 | Long             | DBT              | CORP              | US        |    150000 | PA      | $154220.25    | 0.04%             | 2031-01-15      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| Axon Enterprise Inc                                                                                               | AXON 6.125 03/15/30 144A                                             | CUSIP: 05464CAC5<br>LEI: 549300QP2IEEGFE16681 | Long             | DBT              | CORP              | US        |     35000 | PA      | $35666.61     | 0.01%             | 2030-03-15      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| Morgan Stanley                                                                                                    | MS V5.073 01/30/37                                                   | CUSIP: 61748UAT9<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    328000 | PA      | $321470.69    | 0.09%             | 2037-01-30      | Fixed         | 5.07%                 | No            |                  2 | On Loan: No      |
| Crescent Energy Finance LLC                                                                                       | CRGYFN 7.375 01/15/33 144A                                           | CUSIP: 45344LAE3<br>LEI: 54930061FUL6DBLFUW14 | Long             | DBT              | CORP              | US        |    350000 | PA      | $350173.01    | 0.10%             | 2033-01-15      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| Sallie Mae Levered - TL DD B 11/25 (Mezz)                                                                         | Sallie Mae Levered - TL DD B 11/25 (Mezz)                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    570174 | PA      | $570174.00    | 0.16%             | 2032-11-22      | None          | 0.00%                 | No            |                  3 | On Loan: No      |
| Equipmentshare Com Inc.                                                                                           | EQMSRM 8 03/15/33 144A                                               | CUSIP: 29450YAC3<br>LEI: 254900PWJK48CGPKPI80 | Long             | DBT              | CORP              | US        |     79000 | PA      | $81646.14     | 0.02%             | 2033-03-15      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| OWN EQUIPMENT FUND I LLC                                                                                          | EQS 2025-1M C                                                        | CUSIP: 690912AC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    894739 | PA      | $919163.55    | 0.26%             | 2033-09-26      | Fixed         | 9.02%                 | Yes           |                  2 | On Loan: No      |
| Gray Media Inc.                                                                                                   | GTN 10.5 07/15/29 144A                                               | CUSIP: 389375AM8<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |    224000 | PA      | $238166.99    | 0.07%             | 2029-07-15      | Fixed         | 10.50%                | Yes           |                  2 | On Loan: No      |
| Medline Borrower LP                                                                                               | MEDIND 5.25 10/01/29 144A                                            | CUSIP: 62482BAB8<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |    550000 | PA      | $545489.07    | 0.16%             | 2029-10-01      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| WMG Acquisition Corp.                                                                                             | WMG 3.875 07/15/30 144A                                              | CUSIP: 92933BAQ7<br>LEI: 549300NAS11NXI33CP80 | Long             | DBT              | CORP              | US        |     85000 | PA      | $79954.12     | 0.02%             | 2030-07-15      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| Starbucks Corp.                                                                                                   | SBUX 5.4 05/15/35                                                    | CUSIP: 855244BM0<br>LEI: OQSJ1DU9TAOC51A47K68 | Long             | DBT              | CORP              | US        |    500000 | PA      | $511405.40    | 0.15%             | 2035-05-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Sallie Mae Unlevered - 5.650 12/2055 Class C                                                                      | Sallie Mae Unlevered - 5.650 12/2055 Class C                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      9130 | PA      | $9149.68      | 0.00%             | 2055-12-25      | Fixed         | 5.65%                 | No            |                  3 | On Loan: No      |
| HERTZ VEHICLE FINANCING III LLC                                                                                   | HERTZ 2023-3A D                                                      | CUSIP: 42806MCD9<br>LEI: 549300MNOMKDMDFI8J66 | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1016336.60   | 0.29%             | 2028-02-25      | Fixed         | 9.43%                 | Yes           |                  2 | On Loan: No      |
| MORGAN STANLEY RESIDENTIAL MORTGAGE LOAN TRUST 2025-DSC3                                                          | MSRM 2025-DSC3 B1                                                    | CUSIP: 61779JAG4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    197199 | PA      | $193763.16    | 0.06%             | 2070-09-25      | Variable      | 6.43%                 | Yes           |                  2 | On Loan: No      |
| Discovery Global Holdings Inc.                                                                                    | WBD 5.141 03/15/52 *                                                 | CUSIP: 55903VBU6<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |     25000 | PA      | $15218.75     | 0.00%             | 2052-03-15      | Fixed         | 5.14%                 | No            |                  2 | On Loan: No      |
| Block Inc                                                                                                         | XYZ 6.5 05/15/32                                                     | CUSIP: 852234AS2<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |    525000 | PA      | $530121.90    | 0.15%             | 2032-05-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Equipmentshare Com Inc.                                                                                           | EQMSRM 9 05/15/28 144A                                               | CUSIP: 29450YAA7<br>LEI: 254900PWJK48CGPKPI80 | Long             | DBT              | CORP              | US        |    120000 | PA      | $124101.72    | 0.04%             | 2028-05-15      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| Service Properties Trust                                                                                          | SVC 0 09/30/27 144A                                                  | CUSIP: 81761LAF9<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              | CORP              | US        |    135000 | PA      | $122991.11    | 0.04%             | 2027-09-30      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Avantor Funding Inc                                                                                               | AVTR 3.875 11/01/29 144A                                             | CUSIP: 05352TAB5<br>LEI: 5493003VM0XB4U8YD238 | Long             | DBT              | CORP              | US        |    170000 | PA      | $159617.78    | 0.05%             | 2029-11-01      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| TransDigm, Inc.                                                                                                   | TDG 6.125 07/31/34 144A                                              | CUSIP: 893647CB1<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |    147000 | PA      | $144764.48    | 0.04%             | 2034-07-31      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| Denali Water Solutions LLC - TL 1L 11/25                                                                          | Denali Water Solutions LLC - TL 1L 11/25                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    846154 | PA      | $841923.23    | 0.24%             | 2032-11-19      | Floating      | 8.42%                 | Yes           |                  3 | On Loan: No      |
| Pacific Gas and Electric Company                                                                                  | PCG 3.5 08/01/50                                                     | CUSIP: 694308JJ7<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    170000 | PA      | $112495.48    | 0.03%             | 2050-08-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Amgen Inc.                                                                                                        | AMGN 5.25 03/02/33                                                   | CUSIP: 031162DR8<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |    433000 | PA      | $444505.85    | 0.13%             | 2033-03-02      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Voyager Parent LLC                                                                                                | EVRI 9.25 07/01/32 144A                                              | CUSIP: 92921EAA0<br>LEI: 2549002DYVI4ACSV4V71 | Long             | DBT              | CORP              | US        |    150000 | PA      | $155825.85    | 0.04%             | 2032-07-01      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| Bonterra LLC - TL 1L DD 03/25                                                                                     | Bonterra LLC - TL 1L DD 03/25                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    708029 | PA      | $702293.97    | 0.20%             | 2032-03-05      | Floating      | 8.40%                 | Yes           |                  3 | On Loan: No      |
| Sallie Mae Unlevered - 5.500 12/2055 Class C (Jan26)                                                              | Sallie Mae Unlevered - 5.500 12/2055 Class C (Jan26)                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     13392 | PA      | $13487.96     | 0.00%             | 2055-12-25      | Fixed         | 5.50%                 | No            |                  3 | On Loan: No      |
| Amwins Group Inc                                                                                                  | AMWINS 4.875 06/30/29 144A                                           | CUSIP: 031921AB5<br>LEI: 549300SJE7MUB8NMRG61 | Long             | DBT              | CORP              | US        |    165000 | PA      | $158195.12    | 0.05%             | 2029-06-30      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| Iron Mountain Inc.                                                                                                | IRM 5.25 07/15/30 144A                                               | CUSIP: 46284VAJ0<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              | CORP              | US        |    525000 | PA      | $510369.38    | 0.15%             | 2030-07-15      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| EchoStar Corp.                                                                                                    | SATS 3.875 11/30/30                                                  | CUSIP: 278768AB2<br>LEI: 549300EE20907QZ9GT38 | Long             | DBT              | CORP              | US        |     51066 | PA      | $182539.20    | 0.05%             | 2030-11-30      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Sonic Automotive, Inc.                                                                                            | SAH 4.625 11/15/29 144A                                              | CUSIP: 83545GBD3<br>LEI: 549300NTLRGJ2JCBZU03 | Long             | DBT              | CORP              | US        |    125000 | PA      | $121251.08    | 0.03%             | 2029-11-15      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| West Star Aviation Inc - TL 1L 05/25                                                                              | West Star Aviation Inc - TL 1L 05/25                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3686140 | PA      | $3708256.52   | 1.06%             | 2032-05-20      | Floating      | 8.17%                 | No            |                  3 | On Loan: No      |
| Oracle Corp.                                                                                                      | ORCL 5.5 08/03/35                                                    | CUSIP: 68389XDA0<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    300000 | PA      | $286542.67    | 0.08%             | 2035-08-03      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CNX Resources Corporation                                                                                         | CNX 5.875 03/01/34 144A                                              | CUSIP: 12653CAM0<br>LEI: 549300JK3KH8PWM3B226 | Long             | DBT              | CORP              | US        |     65000 | PA      | $63348.13     | 0.02%             | 2034-03-01      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| DIRECTV FINANCING LLC                                                                                             | DTV 8.875 02/01/30 144a                                              | CUSIP: 254945AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    240000 | PA      | $239766.07    | 0.07%             | 2030-02-01      | Fixed         | 8.88%                 | Yes           |                  2 | On Loan: No      |
| MORGAN STANLEY BANK OF AMERICA MERRILL LYNCH TRUST                                                                | MSBAM 2025-5C2 C                                                     | CUSIP: 61779RCV1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     53000 | PA      | $52068.24     | 0.01%             | 2058-11-18      | Variable      | 5.74%                 | No            |                  2 | On Loan: No      |
| Newell Brands Inc.                                                                                                | NWL 7.5 04/01/46                                                     | CUSIP: 651229AY2<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |     85000 | PA      | $68304.44     | 0.02%             | 2046-04-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| BENCHMARK 2025-V15 MORTGAGE TRUST                                                                                 | BMARK 2025-V15 B                                                     | CUSIP: 08164CAG3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    154000 | PA      | $160235.69    | 0.05%             | 2058-06-17      | Variable      | 6.43%                 | No            |                  2 | On Loan: No      |
| NCR Atleos Corp.                                                                                                  | NCRATL 9.5 04/01/29 144A                                             | CUSIP: 638962AA8<br>LEI: 9845005FC3S0VA714741 | Long             | DBT              | CORP              | US        |    115000 | PA      | $123165.27    | 0.04%             | 2029-04-01      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: No      |
| FREDDIE MAC STACR REMIC TRUST 2020-DNA1                                                                           | STACR 2020-DNA1 B2                                                   | CUSIP: 35565HBE4<br>LEI: 5493003FQV7GR462GO02 | Long             | ABS-O            | USGSE             | US        |    300000 | PA      | $333633.96    | 0.10%             | 2050-01-25      | Floating      | 9.03%                 | Yes           |                  2 | On Loan: No      |
| Sunrun Inc - TL 1L 07/23 (Charis)                                                                                 | Sunrun Inc - TL 1L 07/23 (Charis)                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1517595 | PA      | $1552348.39   | 0.44%             | 2059-04-30      | None          | 0.00%                 | No            |                  3 | On Loan: No      |
| Setna_AA_1L_DDTL_Oct25                                                                                            | Setna_AA_1L_DDTL_Oct25                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1106265 | PA      | $1111021.54   | 0.32%             | 2031-12-02      | None          | 0.00%                 | No            |                  3 | On Loan: No      |
| Block Inc                                                                                                         | XYZ 3.5 06/01/31                                                     | CUSIP: 852234AP8<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |     70000 | PA      | $63709.49     | 0.02%             | 2031-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Apld Computeco 2 LLC                                                                                              | PFORGE 6.75 03/15/31 144A                                            | CUSIP: 03772CAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    147000 | PA      | $146020.85    | 0.04%             | 2031-03-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| MORGAN STANLEY RESIDENTIAL MORTGAGE LOAN TRUST 2025-DSC3                                                          | MSRM 2025-DSC3 XS                                                    | CUSIP: 61779JAL3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6909336 | PA      | $393855.64    | 0.11%             | 2070-09-25      | Variable      | 1.92%                 | Yes           |                  2 | On Loan: No      |
| Saturn Oil & Gas Inc                                                                                              | SOILCN 9.625 06/15/29 144A                                           | CUSIP: 80412LAA5<br>LEI: 549300G6BWJ7K6PIIY73 | Long             | DBT              | CORP              | CA        |     36000 | PA      | $37705.43     | 0.01%             | 2029-06-15      | Fixed         | 9.62%                 | Yes           |                  2 | On Loan: No      |
| CVR Partners, LP and CVR Nitrogen Finance Corporation                                                             | UAN 6.125 06/15/28 144A                                              | CUSIP: 12663QAC9<br>LEI: 529900LE0OS06MYQRP11 | Long             | DBT              | CORP              | US        |    190000 | PA      | $189464.79    | 0.05%             | 2028-06-15      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| MORGAN STANLEY RESIDENTIAL MORTGAGE LOAN TRUST 2025-NQM6                                                          | MSRM 2025-NQM6 B3                                                    | CUSIP: 617948AJ3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    142066 | PA      | $137157.01    | 0.04%             | 2070-07-25      | Variable      | 7.17%                 | Yes           |                  2 | On Loan: No      |
| CLARIVATE SCIENCE HOLDINGS CORP                                                                                   | CLVTSC 3.875 07/01/28 144A                                           | CUSIP: 18064PAC3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    120000 | PA      | $113349.25    | 0.03%             | 2028-07-01      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| FONTAINEBLEAU MIAMI BEACH TRUST 2024-FBLU                                                                         | FMBT 2024-FBLU E                                                     | CUSIP: 34461WAJ9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1005242.60   | 0.29%             | 2039-12-15      | Floating      | 6.82%                 | Yes           |                  2 | On Loan: No      |
| Molina Healthcare, Inc.                                                                                           | MOH 3.875 05/15/32 144A                                              | CUSIP: 60855RAL4<br>LEI: 549300NQQCEQ46YHZ591 | Long             | DBT              | CORP              | US        |    270000 | PA      | $234724.85    | 0.07%             | 2032-05-15      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| Sallie Mae Unlevered - 0.000 12/2055 Class R (Equity)                                                             | Sallie Mae Unlevered - 0.000 12/2055 Class R (Equity)                | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     30205 | PA      | $31059.64     | 0.01%             | 2055-12-25      | None          | 0.00%                 | No            |                  3 | On Loan: No      |
| Ladder Capital Finance Holdings LLLP/ Ladder Capital Finance Corp.                                                | LADR 4.75 06/15/29 144A                                              | CUSIP: 505742AP1<br>LEI: 254900TBF2Z4GR7NSX02 | Long             | DBT              | CORP              | US        |     45000 | PA      | $43642.45     | 0.01%             | 2029-06-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| MORGAN STANLEY RESIDENTIAL MORTGAGE LOAN TRUST 2025-DSC3                                                          | MSRM 2025-DSC3 B2                                                    | CUSIP: 61779JAH2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    225881 | PA      | $221085.39    | 0.06%             | 2070-09-25      | Variable      | 7.19%                 | Yes           |                  2 | On Loan: No      |
| Horizon CTS Buyer LLC - TL 1L DD 03/25                                                                            | Horizon CTS Buyer LLC - TL 1L DD 03/25                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    572662 | PA      | $571173.38    | 0.16%             | 2032-03-29      | Floating      | 8.45%                 | No            |                  3 | On Loan: No      |
| HOWARD HUGHES CORP (THE)                                                                                          | HHH 4.375 02/01/31 144A                                              | CUSIP: 44267DAF4<br>LEI: 549300BVHY25JZC1KI49 | Long             | DBT              | CORP              | US        |    290000 | PA      | $266468.01    | 0.08%             | 2031-02-01      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| Horizon CTS Buyer LLC - TL 1L 03/25                                                                               | Horizon CTS Buyer LLC - TL 1L 03/25                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3027482 | PA      | $3019610.85   | 0.87%             | 2032-03-28      | Floating      | 8.45%                 | No            |                  3 | On Loan: No      |
| WELLS FARGO COMMERCIAL MORTGAGE TRUST 2012-LC5                                                                    | WFCM 2025-1918 A                                                     | CUSIP: 95004QAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     69000 | PA      | $68712.77     | 0.02%             | 2040-09-17      | Variable      | 5.76%                 | Yes           |                  2 | On Loan: No      |
| Avis Budget Car Rental LLC/Avis Budget Finance Inc.                                                               | CAR 5.375 03/01/29 144A                                              | CUSIP: 053773BF3<br>LEI: XN8R4HH1TVC1XOCL5P21 | Long             | DBT              | CORP              | US        |    115000 | PA      | $110101.85    | 0.03%             | 2029-03-01      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| MULTIFAMILY CONNECTICUT AVENUE SECURITIES TRUST 2025-01                                                           | MCAS 2025-01 M1                                                      | CUSIP: 62549CAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    710256 | PA      | $722309.96    | 0.21%             | 2055-05-25      | Floating      | 6.06%                 | Yes           |                  2 | On Loan: No      |
| SUNRUN JULIUS ISSUER 2023-2 LLC                                                                                   | SUNRN 2023-2A A1                                                     | CUSIP: 86772JAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    708482 | PA      | $715361.65    | 0.21%             | 2059-01-30      | Fixed         | 6.60%                 | Yes           |                  2 | On Loan: No      |
| TransDigm, Inc.                                                                                                   | TDG 6.625 03/01/32 144A                                              | CUSIP: 893647BV8<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |    255000 | PA      | $260385.60    | 0.07%             | 2032-03-01      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| Woolpert Inc - Revolver 1L 09/25                                                                                  | Woolpert Inc - Revolver 1L 09/25                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     80163 | PA      | $80162.67     | 0.02%             | 2031-04-05      | Floating      | 8.27%                 | Yes           |                  3 | On Loan: No      |
| TRINITAS CLO XII LTD / TRINITA                                                                                    | TRNTS 2020-12A CR2                                                   | CUSIP: 89641GBC5<br>LEI: 254900G1XMKSN9WBVL66 | Long             | ABS-CBDO         | CORP              | KY        |    750000 | PA      | $747239.25    | 0.21%             | 2033-04-25      | Floating      | 5.47%                 | Yes           |                  2 | On Loan: No      |
| Venture Global LNG Inc.                                                                                           | VENLNG 8.375 06/01/31 144A                                           | CUSIP: 92332YAB7<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |    220000 | PA      | $228908.97    | 0.07%             | 2031-06-01      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| Synopsys Inc                                                                                                      | SNPS 5.15 04/01/35                                                   | CUSIP: 871607AE7<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | DBT              | CORP              | US        |    500000 | PA      | $501134.75    | 0.14%             | 2035-04-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| GE Vernova Inc.                                                                                                   | GEV 4.25 02/04/31                                                    | CUSIP: 36828AAA9<br>LEI: 254900DP080RU6OK2553 | Long             | DBT              | CORP              | US        |    500000 | PA      | $494537.01    | 0.14%             | 2031-02-04      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Santander Consumer Bank AS - Private Equity (Kasper 2 LP)                                                         | Santander Consumer Bank AS - Private Equity (Kasper 2 LP)            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | NO        |  11651745 | NS      | $1242109.51   | 0.36%             |  |  |  | Yes           |                  2 | On Loan: No      |
| United Natural Foods, Inc.                                                                                        | UNFI 6.75 10/15/28 144A                                              | CUSIP: 911163AA1<br>LEI: 549300GKGW6WPZ282D40 | Long             | DBT              | CORP              | US        |    124000 | PA      | $124212.41    | 0.04%             | 2028-10-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Compass Group Diversified Holdings LLC                                                                            | CODI 5.25 04/15/29 144A                                              | CUSIP: 20451RAB8<br>LEI: 549300I6PTUQPX21TE93 | Long             | DBT              | CORP              | US        |   1008783 | PA      | $939276.54    | 0.27%             | 2029-04-15      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| CCO HOLDINGS LLC                                                                                                  | CHTR 7.375 02/01/36 144A                                             | CUSIP: 1248EPCV3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    240000 | PA      | $239218.00    | 0.07%             | 2036-02-01      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| Denali Water Solutions LLC - TL 1L 11/25                                                                          | Denali Water Solutions LLC - TL 1L 11/25                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     71795 | PA      | $71435.83     | 0.02%             | 2032-11-19      | Floating      | 8.42%                 | Yes           |                  3 | On Loan: No      |
| Clarience Technologies LLC - TL 1L DD-B 06/25                                                                     | Clarience Technologies LLC - TL 1L DD-B 06/25                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    165782 | PA      | $164124.17    | 0.05%             | 2032-02-13      | Floating      | 8.42%                 | Yes           |                  3 | On Loan: No      |
| Peraton (fka Magnolia)                                                                                            | Peraton (fka Magnolia) Term Loan B 375 2028-02-07                    | CUSIP: 71360HAB3<br>LEI: 549300EQPCK07ZW63836 | Long             | LON              | CORP              | US        |    923830 | PA      | $789488.99    | 0.23%             | 2028-02-01      | Floating      | 7.52%                 | No            |                  2 | On Loan: No      |
| EQT Corporation                                                                                                   | EQT 3.625 05/15/31 144A                                              | CUSIP: 26884LAN9<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | DBT              | CORP              | US        |    170000 | PA      | $158752.06    | 0.05%             | 2031-05-15      | Fixed         | 3.62%                 | Yes           |                  2 | On Loan: No      |
| Florida Power & Light Co.                                                                                         | NEE 2.875 12/04/51                                                   | CUSIP: 341081GE1<br>LEI: A89MY1K3YLIGJMYWVX50 | Long             | DBT              | CORP              | US        |    260000 | PA      | $161821.35    | 0.05%             | 2051-12-04      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| CCO HOLDINGS LLC                                                                                                  | CHTR 4.5 08/15/30 144A                                               | CUSIP: 1248EPCE1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    110000 | PA      | $102860.85    | 0.03%             | 2030-08-15      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| Fertitta Entertainment LLC / Fertitta Entertainment Finance Co Inc.                                               | FRTITA 4.625 01/15/29 144A                                           | CUSIP: 31556TAA7<br>LEI: 984500A0805D8V551D35 | Long             | DBT              | CORP              | US        |    130000 | PA      | $124320.59    | 0.04%             | 2029-01-15      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| Univision Communications Inc.                                                                                     | UVN 9.375 08/01/32 144A                                              | CUSIP: 914906BA9<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |    575000 | PA      | $593032.09    | 0.17%             | 2032-08-01      | Fixed         | 9.38%                 | Yes           |                  2 | On Loan: No      |
| MORGAN STANLEY RESIDENTIAL MORTGAGE LOAN TRUST 2025-NQM6                                                          | MSRM 2025-NQM6 AIOS                                                  | CUSIP: 617948AK0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   9856429 | PA      | $52866.44     | 0.02%             | 2070-07-25      | Variable      | 0.33%                 | Yes           |                  2 | On Loan: No      |
| Amgen Inc.                                                                                                        | AMGN 4.85 02/19/36                                                   | CUSIP: 031162DW7<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |    368000 | PA      | $361711.46    | 0.10%             | 2036-02-19      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                                                                                    | C V5.174 09/11/36                                                    | CUSIP: 172967QH7<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    250000 | PA      | $247914.58    | 0.07%             | 2036-09-11      | Fixed         | 5.17%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                                                      | T 3.375 11/30/27                                                     | CUSIP: 91282CPL9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |       400 | PA      | $397.10       | 0.00%             | 2027-11-30      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Energy Transfer LP                                                                                                | ET 5.2 04/01/30                                                      | CUSIP: 29273VBD1<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    120000 | PA      | $122715.12    | 0.04%             | 2030-04-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Hilcorp Energy I L.P/Hilcorp Finance Co                                                                           | HILCRP 8.375 11/01/33 144A                                           | CUSIP: 431318BC7<br>LEI: 549300ITPIHLG0LHEC09 | Long             | DBT              | CORP              | US        |    105000 | PA      | $109628.09    | 0.03%             | 2033-11-01      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| FREDDIE MAC STACR REMIC TRUST 2020-DNA5                                                                           | STACR 2020-DNA5 B2                                                   | CUSIP: 35566ABE8<br>LEI: 5493000ITF7RKPWPZQ19 | Long             | ABS-O            | USGSE             | US        |   1285000 | PA      | $1767450.94   | 0.51%             | 2050-10-25      | Floating      | 15.16%                | Yes           |                  2 | On Loan: No      |
| Unisys Corp.                                                                                                      | UIS 10.625 01/15/31 144A                                             | CUSIP: 909214BX5<br>LEI: 549300T21W22FIJJOW08 | Long             | DBT              | CORP              | US        |    154000 | PA      | $132623.31    | 0.04%             | 2031-01-15      | Fixed         | 10.62%                | Yes           |                  2 | On Loan: No      |
| Eagle Railcar Services Roscoe Inc - TL 1L 06/25                                                                   | Eagle Railcar Services Roscoe Inc - TL 1L 06/25                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2397392 | PA      | $2392597.02   | 0.69%             | 2032-05-22      | Floating      | 8.20%                 | No            |                  3 | On Loan: No      |
| WMG Acquisition Corp.                                                                                             | WMG 3.75 12/01/29 144A                                               | CUSIP: 92933BAT1<br>LEI: 549300NAS11NXI33CP80 | Long             | DBT              | CORP              | US        |     45000 | PA      | $42844.73     | 0.01%             | 2029-12-01      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| Matador Resources Company                                                                                         | MTDR 6 04/15/34 144A                                                 | CUSIP: 576485AJ5<br>LEI: 549300CI3Q2UUK5R4G79 | Long             | DBT              | CORP              | US        |     55000 | PA      | $54685.79     | 0.02%             | 2034-04-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Cleveland-Cliffs Inc                                                                                              | CLF 6.75 04/15/30 144A                                               | CUSIP: 185899AN1<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |    365000 | PA      | $356328.84    | 0.10%             | 2030-04-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Pfizer Investment Enterprises Pte Ltd.                                                                            | PFE 5.3 05/19/53                                                     | CUSIP: 716973AG7<br>LEI: 5493000FQO8XF9C0RT95 | Long             | DBT              | CORP              | SG        |    382000 | PA      | $355274.66    | 0.10%             | 2053-05-19      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Sunoco LP                                                                                                         | SUN 5.875 03/15/34 144A                                              | CUSIP: 86765KAG4<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |     70000 | PA      | $69276.47     | 0.02%             | 2034-03-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Clean Harbors, Inc.                                                                                               | CLH 5.75 10/15/33 144A                                               | CUSIP: 184496AR8<br>LEI: 5493000SJVZVZJKHJF48 | Long             | DBT              | CORP              | US        |    185000 | PA      | $184737.41    | 0.05%             | 2033-10-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Athenahealth Group Inc.                                                                                           | ATHENA 6.5 02/15/30 144A                                             | CUSIP: 60337JAA4<br>LEI: 254900AA3KZN4Q7A5Z33 | Long             | DBT              | CORP              | US        |    340000 | PA      | $319495.86    | 0.09%             | 2030-02-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Cleveland-Cliffs Inc                                                                                              | CLF 7.5 09/15/31 144A                                                | CUSIP: 185899AS0<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |    145000 | PA      | $144765.46    | 0.04%             | 2031-09-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| Santander Mortgage Asset Receivable Trust 2025-NQM4                                                               | SAN 2025-NQM4 AIOS                                                   | CUSIP: 80263BAK5<br>LEI: 254900P9WEZD48ETI035 | Long             | ABS-O            | CORP              | US        |  10431121 | PA      | $67102.88     | 0.02%             | 2065-07-25      | Variable      | 0.42%                 | Yes           |                  2 | On Loan: No      |
| LEDN ISSUER TRUST 2026-1                                                                                          | LEDN 2026-1A A                                                       | CUSIP: 523299AA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    149000 | PA      | $149738.32    | 0.04%             | 2041-02-25      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| NFE Brazil Financing, Ltd. 15.00 8/30/2029                                                                        | NFE Brazil Financing, Ltd. 15.00 8/30/2029                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |    310736 | PA      | $310735.73    | 0.09%             | 2029-08-30      | Fixed         | 15.00%                | Yes           |                  3 | On Loan: No      |
| Sunoco LP                                                                                                         | SUN 5.625 03/15/31 144A                                              | CUSIP: 86765KAF6<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |     45000 | PA      | $44825.32     | 0.01%             | 2031-03-15      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| UKG Inc.                                                                                                          | ULTI 6.875 02/01/31 144A                                             | CUSIP: 90279XAA0<br>LEI: 529900FKHWSTQ1GXK240 | Long             | DBT              | CORP              | US        |    125000 | PA      | $122271.30    | 0.04%             | 2031-02-01      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| BX Trust 2018-Bilt                                                                                                | BX 2025-VLT7 C                                                       | CUSIP: 123913AE5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1332000 | PA      | $1324703.30   | 0.38%             | 2044-07-15      | Floating      | 6.02%                 | Yes           |                  2 | On Loan: No      |
| Mars Inc.                                                                                                         | MARS 5 03/01/32 144A                                                 | CUSIP: 571676AZ8<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |    422000 | PA      | $427120.89    | 0.12%             | 2032-03-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| MORGAN STANLEY                                                                                                    | MS V4.213 02/08/30 .                                                 | CUSIP: 61776NU43<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    250000 | PA      | $247502.08    | 0.07%             | 2030-02-08      | Fixed         | 4.21%                 | No            |                  2 | On Loan: No      |
| HERTZ VEHICLE FINANCING III LLC                                                                                   | HERTZ 2024-1A D                                                      | CUSIP: 42806MCS6<br>LEI: 549300MNOMKDMDFI8J66 | Long             | ABS-O            | CORP              | US        |    492000 | PA      | $502410.72    | 0.14%             | 2029-01-25      | Fixed         | 9.22%                 | Yes           |                  2 | On Loan: No      |
| Unison Trust 2025-1                                                                                               | Unison Trust 2025-1 NTS USD (144A)                                   | CUSIP: 90920QAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1747699 | PA      | $1637788.47   | 0.47%             | 2055-07-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                                                      | T 3.5 02/28/31                                                       | CUSIP: 91282CQD6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   8407300 | PA      | $8245065.17   | 2.36%             | 2031-02-28      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| RCKT MORTGAGE TRUST 2025-CES1                                                                                     | RCKT 2025-CES1 B1                                                    | CUSIP: 749427AF7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2500000 | PA      | $2550573.00   | 0.73%             | 2045-01-25      | Variable      | 7.65%                 | Yes           |                  2 | On Loan: No      |
| Amphenol Corporation                                                                                              | APH 4.4 02/15/33                                                     | CUSIP: 032095AZ4<br>LEI: 549300D3L3G0R4U4VT04 | Long             | DBT              | CORP              | US        |    212000 | PA      | $206974.58    | 0.06%             | 2033-02-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Versant Media Group Inc.                                                                                          | VSNT 7.25 01/30/31 144A                                              | CUSIP: 925283AA1<br>LEI: 254900D2Q5F5F229PU30 | Long             | DBT              | CORP              | US        |    105000 | PA      | $107543.21    | 0.03%             | 2031-01-30      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| ION PLATFORM FINANCE US INC                                                                                       | IONPLA 9.5 05/30/29 144a                                             | CUSIP: 46206AAB8<br>LEI: 213800FKHT3BRRKMCC89 | Long             | DBT              | CORP              | US        |   1158000 | PA      | $1091332.32   | 0.31%             | 2029-05-30      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: No      |
| Advance Auto Parts Inc.                                                                                           | AAP 3.9 04/15/30                                                     | CUSIP: 00751YAE6<br>LEI: 529900UCNQ5H9FSL0Y70 | Long             | DBT              | CORP              | US        |    420000 | PA      | $385967.53    | 0.11%             | 2030-04-15      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| Garda World Security Corporation                                                                                  | GWCN 6.5 01/15/31 144A                                               | CUSIP: 36485MAQ2<br>LEI: 549300ZF1NDXLMCHNO20 | Long             | DBT              | CORP              | CA        |    110000 | PA      | $111604.02    | 0.03%             | 2031-01-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Xylem Kendall - TL 1L DD 06/25 (7th Amendment)                                                                    | Xylem Kendall - TL 1L DD 06/25 (7th Amendment)                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    252111 | PA      | $250170.08    | 0.07%             | 2030-04-22      | Floating      | 9.71%                 | No            |                  3 | On Loan: No      |
| Bonterra LLC - Revolver 1L 03/25                                                                                  | Bonterra LLC - Revolver 1L 03/25                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    191168 | PA      | $189619.37    | 0.05%             | 2032-03-05      | Floating      | 8.42%                 | Yes           |                  3 | On Loan: No      |
| Nissan Motor Co Ltd.                                                                                              | NSANY 7.5 07/17/30 144A                                              | CUSIP: 654922AB9<br>LEI: 353800DRBDH1LUTNAY26 | Long             | DBT              | CORP              | JP        |    200000 | PA      | $201709.27    | 0.06%             | 2030-07-17      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| Navient Corporation                                                                                               | NAVI 7.875 06/15/32                                                  | CUSIP: 63938CAQ1<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |    730000 | PA      | $651742.21    | 0.19%             | 2032-06-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| Bristol-Myers Squibb Company                                                                                      | BMY 5.55 02/22/54                                                    | CUSIP: 110122EK0<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | DBT              | CORP              | US        |    100000 | PA      | $96357.31     | 0.03%             | 2054-02-22      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| Quikrete Holdings Inc                                                                                             | QUIKHO 6.75 03/01/33 144A                                            | CUSIP: 74843PAB6<br>LEI: 5493007KIN86DIZWZT22 | Long             | DBT              | CORP              | US        |     45000 | PA      | $45738.68     | 0.01%             | 2033-03-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Verus Securitization Trust 2023-INV3                                                                              | VERUS 2023-INV3 B2                                                   | CUSIP: 92540CAF4<br>LEI: 9845008F97BFO762AF95 | Long             | ABS-O            | CORP              | US        |    809000 | PA      | $814753.53    | 0.23%             | 2068-11-25      | Variable      | 8.16%                 | Yes           |                  2 | On Loan: No      |
| Rialto Capital Management LLC - TL 1L 12/24                                                                       | Rialto Capital Management LLC - TL 1L 12/24                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1764712 | PA      | $1782358.73   | 0.51%             | 2030-12-05      | Floating      | 8.42%                 | No            |                  3 | On Loan: No      |
| MORGAN STANLEY RESIDENTIAL MORTGAGE LOAN TRUST 2025-NQM6                                                          | MSRM 2025-NQM6 B1                                                    | CUSIP: 617948AG9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    215921 | PA      | $214536.34    | 0.06%             | 2070-07-25      | Variable      | 6.64%                 | Yes           |                  2 | On Loan: No      |
| Venture Global Plaquemines Lng LLC                                                                                | VEGLPL 7.5 05/01/33 144A                                             | CUSIP: 922966AA4<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |    210000 | PA      | $230955.69    | 0.07%             | 2033-05-01      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| Elevance Health Inc.                                                                                              | ELV 5.2 02/15/35                                                     | CUSIP: 036752BD4<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | DBT              | CORP              | US        |     81000 | PA      | $80900.56     | 0.02%             | 2035-02-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Adapthealth Llc                                                                                                   | ADAHEA 5.125 03/01/30 144A                                           | CUSIP: 00653VAE1<br>LEI: 549300SN58QQ28RVWE26 | Long             | DBT              | CORP              | US        |     23000 | PA      | $22051.87     | 0.01%             | 2030-03-01      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| SAMBA Safety Inc - Revolver 1L 12/25                                                                              | SAMBA Safety Inc - Revolver 1L 12/25                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     60114 | PA      | $59813.43     | 0.02%             | 2032-12-20      | None          | 0.00%                 | Yes           |                  3 | On Loan: No      |
| Abbott Laboratories                                                                                               | ABT 4.65 03/15/36                                                    | CUSIP: 002824BU3<br>LEI: HQD377W2YR662HK5JX27 | Long             | DBT              | CORP              | US        |   1030000 | PA      | $1007590.21   | 0.29%             | 2036-03-15      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Consolidated Energy Finance S.A.                                                                                  | CONSEN 12 02/15/31 144A                                              | CUSIP: 20914UAH9<br>LEI: 549300PUNIS0USNSL750 | Long             | DBT              | CORP              | LU        |    235000 | PA      | $231768.75    | 0.07%             | 2031-02-15      | Fixed         | 12.00%                | Yes           |                  2 | On Loan: No      |
| Comcast Corporation                                                                                               | CMCSA 5.65 06/01/54                                                  | CUSIP: 20030NEK3<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |    197000 | PA      | $181682.07    | 0.05%             | 2054-06-01      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| Xylem Kendall - Revolver 1L 06/25                                                                                 | Xylem Kendall - Revolver 1L 06/25                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    130991 | PA      | $130532.65    | 0.04%             | 2030-04-22      | Floating      | 10.14%                | No            |                  3 | On Loan: No      |
| SSI ABS-2025-1 ISSUER LLC                                                                                         | SSI 2025-1 A                                                         | CUSIP: 78475CAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    487992 | PA      | $484810.86    | 0.14%             | 2065-07-30      | Fixed         | 6.15%                 | Yes           |                  2 | On Loan: No      |
| Oracle Corp.                                                                                                      | ORCL 6.7 02/04/56                                                    | CUSIP: 68389XEB7<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    200000 | PA      | $185765.43    | 0.05%             | 2056-02-04      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| Keystone Agency Partners LLC - TL 1L 08/25                                                                        | Keystone Agency Partners LLC - TL 1L 08/25                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1660176 | PA      | $1651875.12   | 0.47%             | 2032-05-31      | Floating      | 7.95%                 | Yes           |                  3 | On Loan: No      |
| Bonterra LLC - TL 1L 03/25                                                                                        | Bonterra LLC - TL 1L 03/25                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   5403277 | PA      | $5359510.64   | 1.54%             | 2032-03-05      | Floating      | 8.42%                 | Yes           |                  3 | On Loan: No      |
| NEXSTAR MEDIA GROUP INC                                                                                           | NXST 7.25 04/15/34 144A                                              | CUSIP: 65346UAA7<br>LEI: 52990083ZRR5UT591988 | Long             | DBT              | CORP              | US        |    425000 | PA      | $426715.59    | 0.12%             | 2034-04-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| Sunoco LP                                                                                                         | SUN V7.875 PERP 144A                                                 | CUSIP: 86765KAE9<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |    125000 | PA      | $127723.25    | 0.04%             | N/A             | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| Morgan Stanley                                                                                                    | MS V4.654 10/18/30                                                   | CUSIP: 61747YFU4<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |     50000 | PA      | $49988.36     | 0.01%             | 2030-10-18      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| UnitedHealth Group Inc.                                                                                           | UNH 5.15 07/15/34                                                    | CUSIP: 91324PFJ6<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    300000 | PA      | $302671.50    | 0.09%             | 2034-07-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Advance Auto Parts Inc.                                                                                           | AAP 3.5 03/15/32                                                     | CUSIP: 00751YAG1<br>LEI: 529900UCNQ5H9FSL0Y70 | Long             | DBT              | CORP              | US        |    190000 | PA      | $164080.98    | 0.05%             | 2032-03-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO COMMERCIAL MORTGAGE TRUST 2025-5C4                                                                    | WFCM 2025-5C4 B                                                      | CUSIP: 949931AG4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    172000 | PA      | $177734.33    | 0.05%             | 2058-05-17      | Variable      | 6.39%                 | No            |                  2 | On Loan: No      |
| Teva Pharmaceutical Finance Netherlands III B.V.                                                                  | TEVA 5.125 05/09/29                                                  | CUSIP: 88167AAQ4<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |    330000 | PA      | $329143.52    | 0.09%             | 2029-05-09      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Oak-Eagle AcquireCo Inc.                                                                                          | EA 8.75 07/01/34 144A                                                | CUSIP: 67124CAB9<br>LEI: 6488ICS9P20290MA1H31 | Long             | DBT              | CORP              | US        |     80000 | PA      | $83803.73     | 0.02%             | 2034-07-01      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| Nissan Motor Co Ltd.                                                                                              | NSANY 8.125 07/17/35 144A                                            | CUSIP: 654922AD5<br>LEI: 353800DRBDH1LUTNAY26 | Long             | DBT              | CORP              | JP        |    715000 | PA      | $736265.05    | 0.21%             | 2035-07-17      | Fixed         | 8.12%                 | Yes           |                  2 | On Loan: No      |
| OneMain Financial Corporation                                                                                     | OMF 7.5 05/15/31                                                     | CUSIP: 682691AF7<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    300000 | PA      | $301792.50    | 0.09%             | 2031-05-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Talen Energy Supply LLC                                                                                           | TLN 8.625 06/01/30 144A                                              | CUSIP: 87422VAK4<br>LEI: K5K33XN0PQAU1XF7NN66 | Long             | DBT              | CORP              | US        |    315000 | PA      | $330604.16    | 0.09%             | 2030-06-01      | Fixed         | 8.62%                 | Yes           |                  2 | On Loan: No      |
| American Credit Acceptance Receivables Trust 2014/1                                                               | ACAR 2024-2 E                                                        | CUSIP: 02531BAJ8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    700000 | PA      | $720520.08    | 0.21%             | 2031-11-12      | Fixed         | 7.87%                 | Yes           |                  2 | On Loan: No      |
| Grayrock Energy IV LLC                                                                                            | Grayrock Energy IV LLC ABS 2041-02-15 USD                            | CUSIP: 389470AA3<br>LEI: 25490087KE8960EOQH29 | Long             | ABS-O            | CORP              | US        |    340809 | PA      | $340809.37    | 0.10%             | 2041-02-15      | Fixed         | 5.76%                 | Yes           |                  3 | On Loan: No      |
| CVS Health Corp                                                                                                   | CVS 6.25 09/15/65                                                    | CUSIP: 126650EM8<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |     67000 | PA      | $65511.96     | 0.02%             | 2065-09-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| AUGUSTA SPINCO CORP                                                                                               | WAT 5.245 03/23/36                                                   | CUSIP: 051473AF3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    183000 | PA      | $183114.30    | 0.05%             | 2036-03-23      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.                                                                       | U.S. Treasury Bond Futures, Jun-2026,ETH                             | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |        -1 | NC      | $3701.72      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Molina Healthcare, Inc.                                                                                           | MOH 6.25 01/15/33 144A                                               | CUSIP: 60855RAM2<br>LEI: 549300NQQCEQ46YHZ591 | Long             | DBT              | CORP              | US        |    500000 | PA      | $485105.32    | 0.14%             | 2033-01-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| SMB PRIVATE EDUCATION LOAN TRUST 2025-B                                                                           | SMB 2025-B D                                                         | CUSIP: 83208BAE1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1177000 | PA      | $1182097.35   | 0.34%             | 2053-03-17      | Fixed         | 6.63%                 | Yes           |                  2 | On Loan: No      |
| Sunoco LP / Sunoco Finance Corp.                                                                                  | SUN 4.5 05/15/29                                                     | CUSIP: 86765LAT4<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |     65000 | PA      | $63427.47     | 0.02%             | 2029-05-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Newell Brands Inc.                                                                                                | NWL 6.625 05/15/32                                                   | CUSIP: 651229BE5<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |    230000 | PA      | $220346.67    | 0.06%             | 2032-05-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| New Fortress Energy Inc.                                                                                          | NFE 6.5 09/30/26 144A                                                | CUSIP: 644393AB6<br>LEI: 254900EICTYTCHA5X705 | Long             | DBT              | CORP              | US        |    200000 | PA      | $27156.35     | 0.01%             | 2026-09-30      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Rockefeller Capital Management LP - TL 1L 12/25                                                                   | Rockefeller Capital Management LP - TL 1L 12/25                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    911111 | PA      | $907102.11    | 0.26%             | 2032-12-02      | Floating      | 8.17%                 | Yes           |                  3 | On Loan: No      |
| JPMorgan Chase & Co.                                                                                              | JPM V5.572 04/22/36                                                  | CUSIP: 46647PEX0<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    600000 | PA      | $618524.72    | 0.18%             | 2036-04-22      | Fixed         | 5.57%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.                                                                       | 10-Year T-Note Futures, Jun-2026,ETH                                 | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |        60 | NC      | $-127378.96   | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC / (Albertsons Safeway LLC)                  | ACI 3.5 03/15/29 144A                                                | CUSIP: 013092AG6<br>LEI: 549300YKWOC0AOR16R51 | Long             | DBT              | CORP              | US        |    170000 | PA      | $162258.22    | 0.05%             | 2029-03-15      | Fixed         | 3.50%                 | Yes           |                  2 | On Loan: No      |
| LCM Investments Holdings II LLC                                                                                   | MAGLLC 4.875 05/01/29 144A                                           | CUSIP: 50190EAA2<br>LEI: 549300P5V78NNQTG4428 | Long             | DBT              | CORP              | US        |    250000 | PA      | $243427.84    | 0.07%             | 2029-05-01      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| Davita Inc                                                                                                        | DVA 6.75 07/15/33 144A                                               | CUSIP: 23918KAY4<br>LEI: M2XHYMU3TZNEZURC6H66 | Long             | DBT              | CORP              | US        |    235000 | PA      | $239257.73    | 0.07%             | 2033-07-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| T-Mobile USA, Inc.                                                                                                | TMUS 3.4 10/15/52                                                    | CUSIP: 87264ACT0<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    109000 | PA      | $71459.90     | 0.02%             | 2052-10-15      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| HARVEST US CLO 2023-1 LTD                                                                                         | HARUS 2023-1A CR                                                     | CUSIP: 417923AS8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    270000 | PA      | $267496.83    | 0.08%             | 2037-01-15      | Variable      | 5.42%                 | Yes           |                  2 | On Loan: No      |
| American Credit Acceptance Receivables Trust 2014/1                                                               | ACAR 2024-1 E                                                        | CUSIP: 02531AAJ0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    700000 | PA      | $720545.00    | 0.21%             | 2031-11-12      | Fixed         | 7.98%                 | Yes           |                  2 | On Loan: No      |
| NGL ENERGY OPERATING LLC                                                                                          | NGL 8.125 02/15/29 144A                                              | CUSIP: 62922LAC2<br>LEI: 5493008CQD36WWZJ3O79 | Long             | DBT              | CORP              | US        |    105000 | PA      | $108234.32    | 0.03%             | 2029-02-15      | Fixed         | 8.12%                 | Yes           |                  2 | On Loan: No      |
| LAUREL ROAD PRIME STUDENT LOAN TRUST 2017-B                                                                       | DRB 2017-B R                                                         | CUSIP: 518887104<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       103 | PA      | $159712.70    | 0.05%             | 2042-08-25      | None          | 0.00%                 | Yes           |                  3 | On Loan: No      |
| Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer Inc                                                  | ALIANT 7 01/15/31 144A                                               | CUSIP: 01883LAF0<br>LEI: 5493006Q26653NF8SI73 | Long             | DBT              | CORP              | US        |    363000 | PA      | $366275.01    | 0.10%             | 2031-01-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Sallie Mae Unlevered - 5.250 12/2055 Class B (Jan26)                                                              | Sallie Mae Unlevered - 5.250 12/2055 Class B (Jan26)                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     58030 | PA      | $58413.05     | 0.02%             | 2055-12-25      | Fixed         | 5.25%                 | No            |                  3 | On Loan: No      |
| Fertitta Entertainment LLC / Fertitta Entertainment Finance Co Inc.                                               | FRTITA 6.75 01/15/30 144A                                            | CUSIP: 31556TAC3<br>LEI: 984500A0805D8V551D35 | Long             | DBT              | CORP              | US        |    145000 | PA      | $135548.52    | 0.04%             | 2030-01-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Novartis Capital Corporation                                                                                      | NOVNVX 5.6 03/18/46                                                  | CUSIP: 66989HBK3<br>LEI: 5493002KF87V5RSRQS84 | Long             | DBT              | CORP              | US        |     14000 | PA      | $14031.58     | 0.00%             | 2046-03-18      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| VFI ABS 2025-1 LLC                                                                                                | VFI 2025-1A D                                                        | CUSIP: 91824UAD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $2015300.00   | 0.58%             | 2032-04-26      | Fixed         | 7.69%                 | Yes           |                  2 | On Loan: No      |
| Long Ridge Energy LLC                                                                                             | LONRID 8.75 02/15/32 144A                                            | CUSIP: 54288CAA1<br>LEI: 984500764EC9AZ2FC764 | Long             | DBT              | CORP              | US        |    280000 | PA      | $293963.04    | 0.08%             | 2032-02-15      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| WebPros Holding Sarl - TL 1L B 11/25                                                                              | WebPros Holding Sarl - TL 1L B 11/25                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    816327 | PA      | $801469.85    | 0.23%             | 2032-12-20      | Floating      | 8.67%                 | Yes           |                  3 | On Loan: No      |
| FLEXENTIAL ISSUER LLC 2021-1                                                                                      | FLX 2026-3A A2                                                       | CUSIP: 33938MAQ2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    436000 | PA      | $429461.00    | 0.12%             | 2061-03-25      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Sotheby's - Revolver 1L 02/26                                                                                     | Sotheby's - Revolver 1L 02/26                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    750000 | PA      | $750000.00    | 0.21%             | 2029-02-02      | Floating      | 0.00%                 | No            |                  3 | On Loan: No      |
| NAVIENT EDUCATION LOAN TRUST 2025-A                                                                               | NAVEL 2025-A D                                                       | CUSIP: 63943EAD9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    315000 | PA      | $315545.39    | 0.09%             | 2055-07-15      | Fixed         | 6.03%                 | Yes           |                  2 | On Loan: No      |
| Service Properties Trust                                                                                          | SVC 3.95 01/15/28                                                    | CUSIP: 44106MAX0<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              | CORP              | US        |   1025000 | PA      | $981195.50    | 0.28%             | 2028-01-15      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| Marsh & McLennan Companies, Inc.                                                                                  | MRSH 5 03/15/35                                                      | CUSIP: 571748CC4<br>LEI: 549300XMP3KDCKJXIU47 | Long             | DBT              | CORP              | US        |     69000 | PA      | $68742.81     | 0.02%             | 2035-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sallie Mae Unlevered - 5.450 12/2055 Class B                                                                      | Sallie Mae Unlevered - 5.450 12/2055 Class B                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     39562 | PA      | $39640.64     | 0.01%             | 2055-12-25      | Fixed         | 5.45%                 | No            |                  3 | On Loan: No      |
| VetCorProfessionalPracticesLLC-TL1LB08/22                                                                         | VetCorProfessionalPracticesLLC-TL1LB08/22                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2634387 | PA      | $2564048.79   | 0.73%             | 2029-08-31      | Floating      | 9.42%                 | No            |                  3 | On Loan: No      |
| NGL ENERGY OPERATING LLC                                                                                          | NGL 8.375 02/15/32 144A                                              | CUSIP: 62922LAD0<br>LEI: 5493008CQD36WWZJ3O79 | Long             | DBT              | CORP              | US        |    200000 | PA      | $206254.80    | 0.06%             | 2032-02-15      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| Post Holdings Inc.                                                                                                | POST 4.625 04/15/30 144A                                             | CUSIP: 737446AQ7<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |    280000 | PA      | $268997.32    | 0.08%             | 2030-04-15      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| RTX Corp.                                                                                                         | RTX 1.9 09/01/31                                                     | CUSIP: 75513ECM1<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | DBT              | CORP              | US        |     81000 | PA      | $70520.82     | 0.02%             | 2031-09-01      | Fixed         | 1.90%                 | No            |                  2 | On Loan: No      |
| Sunoco LP                                                                                                         | SUN 7.25 05/01/32 144A                                               | CUSIP: 86765KAC3<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |    245000 | PA      | $253644.58    | 0.07%             | 2032-05-01      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| Higginbotham Insurance Agency Inc - TL 1L 12/25                                                                   | Higginbotham Insurance Agency Inc - TL 1L 12/25                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    850317 | PA      | $846065.45    | 0.24%             | 2031-06-11      | Floating      | 8.17%                 | Yes           |                  3 | On Loan: No      |
| Venture Global LNG Inc.                                                                                           | VENLNG 9.875 02/01/32 144A                                           | CUSIP: 92332YAD3<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |    380000 | PA      | $408301.64    | 0.12%             | 2032-02-01      | Fixed         | 9.88%                 | Yes           |                  2 | On Loan: No      |
| TRINITAS CLO XII LTD / TRINITA                                                                                    | TRNTS 2020-12A B1R2                                                  | CUSIP: 89641GBA9<br>LEI: 254900G1XMKSN9WBVL66 | Long             | ABS-CBDO         | CORP              | KY        |    659000 | PA      | $657497.48    | 0.19%             | 2033-04-25      | Floating      | 5.22%                 | Yes           |                  2 | On Loan: No      |
| Santander Mortgage Asset Receivable Trust 2025-NQM4                                                               | SAN 2025-NQM4 B2                                                     | CUSIP: 80263BAH2<br>LEI: 254900P9WEZD48ETI035 | Long             | ABS-O            | CORP              | US        |    303327 | PA      | $296814.96    | 0.09%             | 2065-07-25      | Variable      | 7.05%                 | Yes           |                  2 | On Loan: No      |
| Homrich & Berg Inc - TL 1L 11/24                                                                                  | Homrich & Berg Inc - TL 1L 11/24                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1496660 | PA      | $1503694.50   | 0.43%             | 2031-11-17      | Floating      | 8.42%                 | No            |                  3 | On Loan: No      |
| GS MORTGAGE SECURITIES CORP TRUST 2024-70P                                                                        | GSMS 2024-70P B                                                      | CUSIP: 36269JAE8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $100833.36    | 0.03%             | 2041-03-12      | Variable      | 5.32%                 | Yes           |                  2 | On Loan: No      |
| Jeppesen Holdings LLC                                                                                             | Jeppesen Holdings LLC                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1177202 | PA      | $1158837.18   | 0.33%             | 2032-10-31      | Floating      | 8.42%                 | No            |                  3 | On Loan: No      |
| BHG Funding 09 Trust - TL 03/26 Tranche 1 Class A                                                                 | BHG Funding 09 Trust - TL 03/26 Tranche 1 Class A                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     72803 | PA      | $72802.88     | 0.02%             | 2036-03-17      | Floating      | 0.00%                 | No            |                  3 | On Loan: No      |
| Royal Caribbean Cruises Ltd.                                                                                      | RCL 4.75 05/15/33                                                    | CUSIP: 78017TAC7<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |    167000 | PA      | $161296.57    | 0.05%             | 2033-05-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| NYC COMMERCIAL MORTGAGE TRUST 2025-28L                                                                            | NYC 2025-28L D                                                       | CUSIP: 67123JAG4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    480000 | PA      | $479593.44    | 0.14%             | 2038-11-05      | Variable      | 6.21%                 | Yes           |                  2 | On Loan: No      |
| Equipmentshare Com Inc.                                                                                           | EQMSRM 8.625 05/15/32 144A                                           | CUSIP: 29450YAB5<br>LEI: 254900PWJK48CGPKPI80 | Long             | DBT              | CORP              | US        |   1099000 | PA      | $1148464.89   | 0.33%             | 2032-05-15      | Fixed         | 8.62%                 | Yes           |                  2 | On Loan: No      |
| Enterprise Products Operating LLC                                                                                 | EPD 5.2 01/15/36                                                     | CUSIP: 29379VCL5<br>LEI: 5493004LGN656HWLDA30 | Long             | DBT              | CORP              | US        |     22000 | PA      | $22128.89     | 0.01%             | 2036-01-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| CONSOLIDATED ENERGY FINANCE S.A                                                                                   | CONSOLIDATED ENERGY FINANCE S.A                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    100000 | PA      | $96250.00     | 0.03%             | 2030-11-18      | Floating      | 8.41%                 | No            |                  2 | On Loan: No      |
| Grayrock Energy IV LLC                                                                                            | Grayrock Energy IV LLC ABS 2041-02-15 USD                            | CUSIP: 389470AB1<br>LEI: 25490087KE8960EOQH29 | Long             | ABS-O            | CORP              | US        |     81098 | PA      | $81098.05     | 0.02%             | 2041-02-15      | Fixed         | 10.28%                | Yes           |                  3 | On Loan: No      |
| Asbury Automotive Group, Inc.                                                                                     | ABG 4.625 11/15/29 144A                                              | CUSIP: 043436AW4<br>LEI: 549300JH4DTA7U42GL91 | Long             | DBT              | CORP              | US        |    260000 | PA      | $251513.70    | 0.07%             | 2029-11-15      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| KSC I Aircraft LP - Private Equity (SPV KSC I Aircraft LP)                                                        | KSC I Aircraft LP - Private Equity (SPV KSC I Aircraft LP)           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | IE        |   2945094 | NS      | $2948888.00   | 0.85%             |  |  |  | No            |                  3 | On Loan: No      |
| Pike Group Inc - TL 1L 12/25                                                                                      | Pike Group Inc - TL 1L 12/25                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    734043 | PA      | $721197.25    | 0.21%             | 2032-12-17      | Floating      | 8.18%                 | No            |                  3 | On Loan: No      |
| Virgin Media Secured Finance PLC                                                                                  | VMED 4.5 08/15/30 144A                                               | CUSIP: 92769XAR6<br>LEI: 213800X3RLP4NOTPY579 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $177525.72    | 0.05%             | 2030-08-15      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| Swch Commercial Mortgage Trust 2025-Data                                                                          | SWCH 2025-DATA E                                                     | CUSIP: 78489CAE9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    264000 | PA      | $260106.79    | 0.07%             | 2042-02-18      | Floating      | 7.01%                 | Yes           |                  2 | On Loan: No      |
| HUGHES SATELLITE SYSTEMS CORP                                                                                     | SATS 6.625 08/01/26                                                  | CUSIP: 444454AF9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    885000 | PA      | $666750.15    | 0.19%             | 2026-08-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Union Pacific Corporation                                                                                         | UNP 2.891 04/06/36                                                   | CUSIP: 907818FQ6<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | DBT              | CORP              | US        |    128000 | PA      | $107475.44    | 0.03%             | 2036-04-06      | Fixed         | 2.89%                 | No            |                  2 | On Loan: No      |
| BHG Funding 09 Trust - TL 03/26 Tranche 1 Class B                                                                 | BHG Funding 09 Trust - TL 03/26 Tranche 1 Class B                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     31268 | PA      | $31267.91     | 0.01%             | 2036-03-17      | Floating      | 0.00%                 | No            |                  3 | On Loan: No      |
| HOWARD HUGHES CORP (THE)                                                                                          | HHH 6.125 03/01/34 144A                                              | CUSIP: 44267DAH0<br>LEI: 549300BVHY25JZC1KI49 | Long             | DBT              | CORP              | US        |    135000 | PA      | $129762.66    | 0.04%             | 2034-03-01      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| Charter Communications Operating, LLC/Charter Communications Operating Capital Corp.                              | CHTR 5.85 12/01/35                                                   | CUSIP: 161175CS1<br>LEI: 549300TPZNMN50BJ3745 | Long             | DBT              | CORP              | US        |    117000 | PA      | $115143.77    | 0.03%             | 2035-12-01      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| KSL COMMERCIAL MORTGAGE TRUST 2024-HT2                                                                            | KSL 2024-HT2 D                                                       | CUSIP: 500937AG2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1247693 | PA      | $1242888.49   | 0.36%             | 2039-12-15      | Floating      | 6.96%                 | Yes           |                  2 | On Loan: No      |
| Charter Communications Operating, LLC/Charter Communications Operating Capital Corp.                              | CHTR 3.9 06/01/52                                                    | CUSIP: 161175CA0<br>LEI: 549300TPZNMN50BJ3745 | Long             | DBT              | CORP              | US        |    359000 | PA      | $228760.23    | 0.07%             | 2052-06-01      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| CENTERPOINT ENERGY RESOURCES CORP                                                                                 | CNP 4.85 04/01/36 AR                                                 | CUSIP: 15189XBL1<br>LEI: 2JADVB0458J06WCD4N56 | Long             | DBT              | CORP              | US        |    325000 | PA      | $318405.91    | 0.09%             | 2036-04-01      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| Imperial Brands Finance Plc                                                                                       | IMBLN 5.625 07/01/35 144A                                            | CUSIP: 45262BAK9<br>LEI: 2138008L3B3MCG1DFS50 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $201770.91    | 0.06%             | 2035-07-01      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| GLOBAL SC FINANCE X LTD                                                                                           | SEACO 2025-1H B                                                      | CUSIP: 37893FAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | BM        |    565390 | PA      | $564078.30    | 0.16%             | 2045-09-20      | Fixed         | 7.85%                 | Yes           |                  2 | On Loan: No      |
| HTAP Issuer Trust 2025-2                                                                                          | HTAP 2025-2 B                                                        | CUSIP: 40446QAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    167000 | PA      | $163890.26    | 0.05%             | 2043-06-25      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| BX Trust 2018-Bilt                                                                                                | BX 2025-GW D                                                         | CUSIP: 12433GAG1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1002208.80   | 0.29%             | 2042-07-15      | Floating      | 6.42%                 | Yes           |                  2 | On Loan: No      |
| First Quantum Minerals Ltd.                                                                                       | FMCN 6.375 02/15/36 144A                                             | CUSIP: 335934AY1<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | DBT              | CORP              | CA        |    215000 | PA      | $206999.16    | 0.06%             | 2036-02-15      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| Transocean International Ltd.                                                                                     | RIG 8.75 02/15/30 144A                                               | CUSIP: 893830BX6<br>LEI: DOL4HJ22ADYSIWES4H94 | Long             | DBT              | CORP              | BM        |     66500 | PA      | $69367.01     | 0.02%             | 2030-02-15      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| BHG Funding 09 Trust - TL 03/26 Tranche 1 Class F                                                                 | BHG Funding 09 Trust - TL 03/26 Tranche 1 Class F                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     20067 | PA      | $20067.46     | 0.01%             | 2036-03-17      | Floating      | 0.00%                 | No            |                  3 | On Loan: No      |
| CORELOGIC INC                                                                                                     | CORELOGIC INC                                                        | CUSIP: 000000000<br>LEI: 54930086CD8K2UIL0516 | Long             | LON              | CORP              | US        |    115000 | PA      | $107093.75    | 0.03%             | 2029-06-04      | Floating      | 10.28%                | No            |                  2 | On Loan: No      |
| CLI FUNDING IX LLC                                                                                                | CLIF 2024-1A C                                                       | CUSIP: 12571WAC7<br>LEI: 2549008S2Z91ASJFZL83 | Long             | ABS-O            | CORP              | US        |    507650 | PA      | $503604.08    | 0.14%             | 2049-07-20      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| NELNET STUDENT LOAN TRUST 2026-A                                                                                  | NSLT 2026-A D                                                        | CUSIP: 64032UAE1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    510000 | PA      | $501220.45    | 0.14%             | 2061-02-21      | Variable      | 5.84%                 | Yes           |                  2 | On Loan: No      |
| Royal Caribbean Cruises Ltd.                                                                                      | RCL 5.25 02/27/38                                                    | CUSIP: 78017TAD5<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |    240000 | PA      | $228414.55    | 0.07%             | 2038-02-27      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Cleveland-Cliffs Inc                                                                                              | CLF 6.875 11/01/29 144A                                              | CUSIP: 185899AQ4<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |     90000 | PA      | $90052.70     | 0.03%             | 2029-11-01      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| Accendra Health Inc.                                                                                              | ACH 4.5 03/31/29 144A                                                | CUSIP: 690732AF9<br>LEI: 549300LMT5KQQXCEZ733 | Long             | DBT              | CORP              | US        |    795000 | PA      | $480701.12    | 0.14%             | 2029-03-31      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| Cleveland-Cliffs Inc                                                                                              | CLF 7.375 05/01/33 144A                                              | CUSIP: 185899AR2<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |    120000 | PA      | $117490.81    | 0.03%             | 2033-05-01      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| Service Properties Trust                                                                                          | SVC 4.95 10/01/29                                                    | CUSIP: 44106MBB7<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              | CORP              | US        |    820000 | PA      | $743563.70    | 0.21%             | 2029-10-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Royal Caribbean Cruises Ltd.                                                                                      | RCL 5.375 01/15/36                                                   | CUSIP: 78017TAB9<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |    187000 | PA      | $183794.21    | 0.05%             | 2036-01-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| B.A.T. Capital Corporation                                                                                        | BATSLN 3.557 08/15/27                                                | CUSIP: 05526DBB0<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |    502000 | PA      | $496653.62    | 0.14%             | 2027-08-15      | Fixed         | 3.56%                 | No            |                  2 | On Loan: No      |
| DTE Electric Co.                                                                                                  | DTE 4.85 03/01/36 A                                                  | CUSIP: 23338VBB1<br>LEI: 9N0FWODEJVKHC2DYLO03 | Long             | DBT              | CORP              | US        |    475000 | PA      | $466297.41    | 0.13%             | 2036-03-01      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| Takeoff Merger Subordinated Inc.                                                                                  | SUMIAL 4.5 03/24/29 144A                                             | CUSIP: 873923AC0<br>LEI: 984500DF5ACB4A114F45 | Long             | DBT              | CORP              | US        |    135000 | PA      | $134156.88    | 0.04%             | 2029-03-24      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| Lamb Weston Holdings Inc                                                                                          | LW 4.125 01/31/30 144A                                               | CUSIP: 513272AD6<br>LEI: 5493005SMYID1D2OY946 | Long             | DBT              | CORP              | US        |    245000 | PA      | $233416.84    | 0.07%             | 2030-01-31      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| Aretec Group Inc.                                                                                                 | RCAP 7.5 04/01/29 144A                                               | CUSIP: 040133AA8<br>LEI: 549300NV2T8A33L0PQ58 | Long             | DBT              | CORP              | US        |    200000 | PA      | $198267.21    | 0.06%             | 2029-04-01      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| Cipher Compute LLC                                                                                                | CIFR 7.125 11/15/30 144A                                             | CUSIP: 17253NAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     70000 | PA      | $72609.53     | 0.02%             | 2030-11-15      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| Mars Inc.                                                                                                         | MARS 5.7 05/01/55 144A                                               | CUSIP: 571676BC8<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |    200000 | PA      | $195150.50    | 0.06%             | 2055-05-01      | Fixed         | 5.70%                 | Yes           |                  2 | On Loan: No      |
| Sunoco LP                                                                                                         | SUN 5.625 07/15/34 144A                                              | CUSIP: 86765KAN9<br>LEI: 5493006LL0CKP8WQW329 | Long             | DBT              | CORP              | US        |     75000 | PA      | $73904.69     | 0.02%             | 2034-07-15      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| PacifiCorp.                                                                                                       | BRKHEC 5.5 05/15/54                                                  | CUSIP: 695114DA3<br>LEI: SGY07Y7FNYBNLM6Z1M11 | Long             | DBT              | CORP              | US        |    105000 | PA      | $92157.33     | 0.03%             | 2054-05-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Infinity Natural Resources LLC                                                                                    | INFNAR 7.625 04/01/31 144A                                           | CUSIP: 45690BAA3<br>LEI: 54930021094IFVB5ND43 | Long             | DBT              | CORP              | US        |     50000 | PA      | $50295.25     | 0.01%             | 2031-04-01      | Fixed         | 7.62%                 | Yes           |                  2 | On Loan: No      |
| MORGAN STANLEY RESIDENTIAL MORTGAGE LOAN TRUST 2025-DSC3                                                          | MSRM 2025-DSC3 AIOS                                                  | CUSIP: 61779JAK5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6909336 | PA      | $39512.77     | 0.01%             | 2070-09-25      | Variable      | 0.33%                 | Yes           |                  2 | On Loan: No      |
| Vibrantz Technologies Inc - Revolver 1L 12/25                                                                     | Vibrantz Technologies Inc - Revolver 1L 12/25                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2041097 | PA      | $2041097.31   | 0.58%             | 2029-04-23      | Floating      | 8.42%                 | No            |                  3 | On Loan: No      |
| Blue Owl Credit Income Corp.                                                                                      | OCINCC 4.7 02/08/27 *                                                | CUSIP: 69120VAF8<br>LEI: 5493003I42XBWPE05N35 | Long             | DBT              | CORP              | US        |    240000 | PA      | $237358.56    | 0.07%             | 2027-02-08      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Gray Media Inc.                                                                                                   | GTN 5.375 11/15/31 144A                                              | CUSIP: 389286AA3<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |    235000 | PA      | $174686.08    | 0.05%             | 2031-11-15      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| Sphera Solutions Inc - TL 1L 09/25                                                                                | Sphera Solutions Inc - TL 1L 09/25                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    744328 | PA      | $721476.67    | 0.21%             | 2032-09-24      | Floating      | 8.17%                 | No            |                  3 | On Loan: No      |
| SUMMIT MIDSTREAM HOLDINGS LLC                                                                                     | SUMMPL 8.625 10/31/29 144A                                           | CUSIP: 86614JAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    105000 | PA      | $108056.24    | 0.03%             | 2029-10-31      | Fixed         | 8.62%                 | Yes           |                  2 | On Loan: No      |
| Black Pearl Compute LLC                                                                                           | BLKPRL 6.125 02/15/31 144A                                           | CUSIP: 09216NAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     75000 | PA      | $76428.53     | 0.02%             | 2031-02-15      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| Sallie Mae Unlevered - Private Equity (SPV Unlevered Resi)                                                        | Sallie Mae Unlevered - Private Equity (SPV Unlevered Resi)           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    318152 | NS      | $318160.43    | 0.09%             |  |  |  | No            |                  3 | On Loan: No      |
| Service Properties Trust                                                                                          | SVC 4.95 02/15/27                                                    | CUSIP: 44106MAW2<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              | CORP              | US        |    103000 | PA      | $103438.65    | 0.03%             | 2027-02-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Centersquare Issuer LLC / Centersquare Co-Issuer LLC                                                              | CNSQ 2025-5A A2                                                      | CUSIP: 15201EAN4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1103000 | PA      | $1074690.95   | 0.31%             | 2055-12-27      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| AbbVie Inc.                                                                                                       | ABBV 5.55 03/15/56                                                   | CUSIP: 00287YEH8<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |     21000 | PA      | $20552.91     | 0.01%             | 2056-03-15      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| Davita Inc                                                                                                        | DVA 6.875 09/01/32 144A                                              | CUSIP: 23918KAW8<br>LEI: M2XHYMU3TZNEZURC6H66 | Long             | DBT              | CORP              | US        |    130000 | PA      | $133289.23    | 0.04%             | 2032-09-01      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| MULTIFAMILY CONNECT TR 2024-01                                                                                    | MCAS 2024-01 M7                                                      | CUSIP: 62548RAA7<br>LEI: 254900QY3MMJFMNKXA93 | Long             | ABS-O            | CORP              | US        |   1930038 | PA      | $1954765.15   | 0.56%             | 2054-07-27      | Floating      | 6.41%                 | Yes           |                  2 | On Loan: No      |
| Cleveland-Cliffs Inc                                                                                              | CLF 7.625 01/15/34 144A                                              | CUSIP: 18589GAA3<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |    140000 | PA      | $136908.47    | 0.04%             | 2034-01-15      | Fixed         | 7.62%                 | Yes           |                  2 | On Loan: No      |
| A-Lign Assurance LLC - TL 1L 08/25                                                                                | A-Lign Assurance LLC - TL 1L 08/25                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    409894 | PA      | $404073.21    | 0.12%             | 2032-08-26      | Floating      | 8.42%                 | No            |                  3 | On Loan: No      |
| Methanex Corporation                                                                                              | MXCN 5.25 12/15/29                                                   | CUSIP: 59151KAL2<br>LEI: 549300TSJHRXT9QXRD13 | Long             | DBT              | CORP              | CA        |     85000 | PA      | $84197.00     | 0.02%             | 2029-12-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BENCHMARK 2025-V15 MORTGAGE TRUST                                                                                 | BMARK 2025-V15 C                                                     | CUSIP: 08164CAH1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1683000 | PA      | $1708567.46   | 0.49%             | 2058-06-17      | Variable      | 6.27%                 | No            |                  2 | On Loan: No      |
| Sphera Solutions Inc - Revolver 1L 09/25                                                                          | Sphera Solutions Inc - Revolver 1L 09/25                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     22360 | PA      | $21673.57     | 0.01%             | 2032-09-24      | Floating      | 5.00%                 | No            |                  3 | On Loan: No      |
| Centene Corp.                                                                                                     | CNC 2.5 03/01/31                                                     | CUSIP: 15135BAX9<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |     80000 | PA      | $67179.46     | 0.02%             | 2031-03-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Gray Media Inc.                                                                                                   | GTN 7.25 08/15/33 144A                                               | CUSIP: 389375AP1<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |    500000 | PA      | $504218.00    | 0.14%             | 2033-08-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| TransDigm, Inc.                                                                                                   | TDG 6.375 03/01/29 144A                                              | CUSIP: 893647BU0<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |    255000 | PA      | $260077.81    | 0.07%             | 2029-03-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| Stepstone Boulder II, LP - TL 1L DD 03/26                                                                         | Stepstone Boulder II, LP - TL 1L DD 03/26                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    369000 | PA      | $369000.00    | 0.11%             | 2041-04-30      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| CHS/Community Health Systems Inc                                                                                  | CYH 5.25 05/15/30 144A                                               | CUSIP: 12543DBM1<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |    120000 | PA      | $113174.68    | 0.03%             | 2030-05-15      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| ION PLATFORM FINANCE US INC                                                                                       | IONPLA 4.625 05/01/28 144A                                           | CUSIP: 46206AAC6<br>LEI: 213800FKHT3BRRKMCC89 | Long             | DBT              | CORP              | US        |     50000 | PA      | $46682.15     | 0.01%             | 2028-05-01      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| Honeywell Aerospace Inc.                                                                                          | HONA 4.95 03/16/36 144A                                              | CUSIP: 43849RAG0<br>LEI: 213800ZUAQRBYL67JS90 | Long             | DBT              | CORP              | US        |    459000 | PA      | $455598.28    | 0.13%             | 2036-03-16      | Fixed         | 4.95%                 | Yes           |                  2 | On Loan: No      |
| NEXSTAR MEDIA GROUP INC                                                                                           | NXST 6.5 09/15/33 144A                                               | CUSIP: 65346UAB5<br>LEI: 52990083ZRR5UT591988 | Long             | DBT              | CORP              | US        |    515000 | PA      | $519235.36    | 0.15%             | 2033-09-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Mauser Packaging Solutions Holding Co.                                                                            | BWY 9.25 04/15/30 144A                                               | CUSIP: 57763RAF4<br>LEI: 549300DNGHXL0OMHW304 | Long             | DBT              | CORP              | US        |    160000 | PA      | $148796.45    | 0.04%             | 2030-04-15      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| MESA Trust 2025-1 - MESA TRUST 2025-1 C                                                                           | MESA Trust 2025-1 - MESA TRUST 2025-1 C                              | CUSIP: 590929AC9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    182621 | PA      | $182493.17    | 0.05%             | 2060-06-25      | Fixed         | 6.45%                 | No            |                  3 | On Loan: No      |
| CCO HOLDINGS LLC                                                                                                  | CHTR 4.5 06/01/33 144A                                               | CUSIP: 1248EPCL5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    170000 | PA      | $148126.70    | 0.04%             | 2033-06-01      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| Fortress Credit BSL XX Ltd / Fortress Credit BSL XX LLC                                                           | FCBSL 2023-3A CR                                                     | CUSIP: 349936AQ7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |    291000 | PA      | $289499.31    | 0.08%             | 2037-01-23      | Variable      | 5.42%                 | Yes           |                  2 | On Loan: No      |
| NEFCO Corp - Revolver 1L 01/26                                                                                    | NEFCO Corp - Revolver 1L 01/26                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    105263 | PA      | $104999.84    | 0.03%             | 2033-01-13      | Floating      | 10.25%                | No            |                  3 | On Loan: No      |
| OneMain Financial Corporation                                                                                     | OMF 6.125 05/15/30                                                   | CUSIP: 682691AL4<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    385000 | PA      | $376732.47    | 0.11%             | 2030-05-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Truist Insurance Holdings                                                                                         | Truist Insurance Holdings Second-lien Term Loan 475 2032-02-28       | CUSIP: 89788VAE2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    245000 | PA      | $243264.67    | 0.07%             | 2032-05-06      | Floating      | 8.45%                 | No            |                  2 | On Loan: No      |
| CITIGROUP COMMERCIAL MORTGAGE TRUST 2016-GC36                                                                     | CGCMT 2016-GC36 A5                                                   | CUSIP: 17324TAE9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    428280 | PA      | $425425.25    | 0.12%             | 2049-02-12      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Navient Corporation                                                                                               | NAVI 5 03/15/27                                                      | CUSIP: 63938CAK4<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |    240000 | PA      | $234785.98    | 0.07%             | 2027-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ALA TRUST 2025-OANA                                                                                               | ALA 2025-OANA C                                                      | CUSIP: 009920AE9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1143000 | PA      | $1148001.31   | 0.33%             | 2040-06-15      | Floating      | 5.77%                 | Yes           |                  2 | On Loan: No      |
| Cloud Software Group Inc.                                                                                         | TIBX 9 09/30/29 144A                                                 | CUSIP: 18912UAA0<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |   1075000 | PA      | $1038050.75   | 0.30%             | 2029-09-30      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| American Credit Acceptance Receivables Trust 2014/1                                                               | ACAR 2023-4 E                                                        | CUSIP: 02530CAJ7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    700000 | PA      | $735988.82    | 0.21%             | 2031-08-12      | Fixed         | 9.79%                 | Yes           |                  2 | On Loan: No      |
| B&G Foods, Inc.                                                                                                   | BGS 5.25 09/15/27                                                    | CUSIP: 05508WAB1<br>LEI: 549300TRW1LZMDJZAQ78 | Long             | DBT              | CORP              | US        |     40000 | PA      | $38579.62     | 0.01%             | 2027-09-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| UNLOCK HEA TRUST 2025-3                                                                                           | UNLOK 2025-3 A                                                       | CUSIP: 914919AA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1983458 | PA      | $1946603.15   | 0.56%             | 2041-12-26      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| MPT Operating Partnership LP / MPT Finance Corporation                                                            | MPW 5 10/15/27                                                       | CUSIP: 55342UAH7<br>LEI: WUQXXXF7PXTUPGROE843 | Long             | DBT              | CORP              | US        |   1060000 | PA      | $987602.04    | 0.28%             | 2027-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ViaSat                                                                                                            | ViaSat Term Loan B (Incremental) 450 2030-05-01                      | CUSIP: 92555WAF2<br>LEI: UFC8NYMNFSYIHNSM2I38 | Long             | LON              | CORP              | US        |    262977 | PA      | $263552.49    | 0.08%             | 2030-05-30      | Floating      | 8.29%                 | No            |                  2 | On Loan: No      |
| HOWARD HUGHES CORP (THE)                                                                                          | HHH 5.875 03/01/32 144A                                              | CUSIP: 44267DAG2<br>LEI: 549300BVHY25JZC1KI49 | Long             | DBT              | CORP              | US        |    100000 | PA      | $96331.08     | 0.03%             | 2032-03-01      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| ION PLATFORM FINANCE US INC                                                                                       | IONPLA 7.875 09/30/32 144a                                           | CUSIP: 46205QAB4<br>LEI: 213800FKHT3BRRKMCC89 | Long             | DBT              | CORP              | US        |    235000 | PA      | $182189.80    | 0.05%             | 2032-09-30      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| Industrial F And B Investments III Inc.                                                                           | THS 7.75 02/11/33 144A                                               | CUSIP: 456142AA6<br>LEI: 5493007M7EVHE470Q576 | Long             | DBT              | CORP              | US        |    230000 | PA      | $232588.17    | 0.07%             | 2033-02-11      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| CCO HOLDINGS LLC                                                                                                  | CHTR 5 02/01/28 144A                                                 | CUSIP: 1248EPBX0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    295000 | PA      | $292756.64    | 0.08%             | 2028-02-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| NYC COMMERCIAL MORTGAGE TRUST 2025-3BP                                                                            | NYC 2025-3BP C                                                       | CUSIP: 67120UAE7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    475000 | PA      | $473876.53    | 0.14%             | 2042-02-15      | Floating      | 5.56%                 | Yes           |                  2 | On Loan: No      |
| Frontier Communications Holdings Llc                                                                              | FYBR 6.75 05/01/29 144A                                              | CUSIP: 35906ABG2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    170000 | PA      | $170322.32    | 0.05%             | 2029-05-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Ford Motor Credit Company LLC                                                                                     | F 7.122 11/07/33                                                     | CUSIP: 345397D67<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    800000 | PA      | $840775.91    | 0.24%             | 2033-11-07      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| Medline Borrower LLP / Medline Co-Issuer Inc.                                                                     | MEDIND 6.25 04/01/29 144A                                            | CUSIP: 58506DAA6<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |    160000 | PA      | $163237.26    | 0.05%             | 2029-04-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Transocean International Ltd.                                                                                     | RIG 7.875 10/15/32 144A                                              | CUSIP: 893814AA1<br>LEI: DOL4HJ22ADYSIWES4H94 | Long             | DBT              | CORP              | BM        |     35000 | PA      | $37421.65     | 0.01%             | 2032-10-15      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| United States Treasury Notes                                                                                      | T 4.125 02/15/36                                                     | CUSIP: 91282CPZ8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   8542000 | PA      | $8409198.81   | 2.41%             | 2036-02-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Iqvia Inc                                                                                                         | IQV 6.25 06/01/32 144A                                               | CUSIP: 46266TAG3<br>LEI: 549300PLWY28YB00C717 | Long             | DBT              | CORP              | US        |    300000 | PA      | $305022.30    | 0.09%             | 2032-06-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Tropicana Products Inc - Revolver 1L 02/25                                                                        | Tropicana Products Inc - Revolver 1L 02/25                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3449940 | PA      | $3460979.47   | 0.99%             | 2029-01-24      | Floating      | 8.41%                 | Yes           |                  3 | On Loan: No      |
| Woolpert Inc - TL 1L DD 09/25                                                                                     | Woolpert Inc - TL 1L DD 09/25                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    182439 | PA      | $183114.20    | 0.05%             | 2032-04-05      | Floating      | 8.28%                 | Yes           |                  3 | On Loan: No      |
| BGB Group LLC - TL 1L 12/25                                                                                       | BGB Group LLC - TL 1L 12/25                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    824576 | PA      | $824576.40    | 0.24%             | 2030-02-16      | Floating      | 8.95%                 | Yes           |                  3 | On Loan: No      |
| Coinbase Global Inc                                                                                               | COIN 3.625 10/01/31 144A                                             | CUSIP: 19260QAD9<br>LEI: 5493004G3J2SC154DU06 | Long             | DBT              | CORP              | US        |     95000 | PA      | $80387.27     | 0.02%             | 2031-10-01      | Fixed         | 3.62%                 | Yes           |                  2 | On Loan: No      |
| HSBC BANK USA, NATIONAL ASSOCIATION                                                                               | NOK/USD FORWARD                                                      | CUSIP: 000000000<br>LEI: 1IE8VN30JCEQV1H4R804 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-65.33       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Caesars Entertainment Inc.                                                                                        | CZR 7 02/15/30 144A                                                  | CUSIP: 12769GAB6<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |    255000 | PA      | $258272.93    | 0.07%             | 2030-02-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Clarience Technologies LLC - TL 1L 06/25 (2025 Incremental)                                                       | Clarience Technologies LLC - TL 1L 06/25 (2025 Incremental)          | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    171877 | PA      | $170157.75    | 0.05%             | 2032-02-13      | Floating      | 8.42%                 | Yes           |                  3 | On Loan: No      |
| Anheuser-Busch InBev Worldwide Inc.                                                                               | ABIBB 3.5 06/01/30                                                   | CUSIP: 035240AV2<br>LEI: 549300CRGMZK3K53BF92 | Long             | DBT              | CORP              | US        |     46000 | PA      | $44465.64     | 0.01%             | 2030-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Premise Health Holding Corp - TL 1L DD 11/25                                                                      | Premise Health Holding Corp - TL 1L DD 11/25                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    126974 | PA      | $125945.68    | 0.04%             | 2032-11-06      | Floating      | 8.45%                 | No            |                  3 | On Loan: No      |
| Service Properties Trust                                                                                          | SVC 8.625 11/15/31 144A                                              | CUSIP: 81761LAC6<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              | CORP              | US        |    605000 | PA      | $632280.66    | 0.18%             | 2031-11-15      | Fixed         | 8.62%                 | Yes           |                  2 | On Loan: No      |
| CCO HOLDINGS LLC                                                                                                  | CHTR 7.375 03/01/31 144A                                             | CUSIP: 1248EPCT8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    361000 | PA      | $367703.33    | 0.11%             | 2031-03-01      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| Ares Secondaries Pbn Finance Co IV LLC - TL DD C 05/25                                                            | Ares Secondaries Pbn Finance Co IV LLC - TL DD C 05/25               | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    538462 | PA      | $538677.38    | 0.15%             | 2039-04-14      | None          | 0.00%                 | No            |                  3 | On Loan: No      |
| Bank of America Corp.                                                                                             | BAC V1.922 10/24/31 MTN                                              | CUSIP: 06051GJL4<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    373000 | PA      | $330675.34    | 0.09%             | 2031-10-24      | Fixed         | 1.92%                 | No            |                  2 | On Loan: No      |
| Expand Energy Corp.                                                                                               | EXE 5.875 02/01/29 144A                                              | CUSIP: 165167DG9<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | DBT              | CORP              | US        |     70000 | PA      | $70047.21     | 0.02%             | 2029-02-01      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Florida Power & Light Co.                                                                                         | NEE 5.1 04/01/33                                                     | CUSIP: 341081GL5<br>LEI: A89MY1K3YLIGJMYWVX50 | Long             | DBT              | CORP              | US        |    191000 | PA      | $194966.11    | 0.06%             | 2033-04-01      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Sallie Mae Unlevered - 1.200 12/2055 Class R Equity (Jan26)                                                       | Sallie Mae Unlevered - 1.200 12/2055 Class R Equity (Jan26)          | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     28188 | PA      | $28718.33     | 0.01%             | 2055-12-25      | None          | 0.00%                 | No            |                  3 | On Loan: No      |
| Integrity Marketing Group LLC - TL 1L 08/24                                                                       | Integrity Marketing Group LLC - TL 1L 08/24                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3175614 | PA      | $3175613.87   | 0.91%             | 2028-08-25      | Floating      | 8.67%                 | Yes           |                  3 | On Loan: No      |
| AMNEAL PHARMACEUTICALS LLC                                                                                        | AMNPHA 6.875 08/01/32 144A                                           | CUSIP: 03168LAA3<br>LEI: 54930037VIXE7LRZ1M66 | Long             | DBT              | CORP              | US        |     65000 | PA      | $66995.37     | 0.02%             | 2032-08-01      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| Strategy Inc.                                                                                                     | MSTR 0 12/01/29                                                      | CUSIP: 594972AS0<br>LEI: 549300WQTWEJUEHXQX21 | Long             | DBT              | CORP              | US        |    310000 | PA      | $258075.00    | 0.07%             | 2029-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| B&G Foods, Inc.                                                                                                   | BGS 8 09/15/28 144A                                                  | CUSIP: 05508WAC9<br>LEI: 549300TRW1LZMDJZAQ78 | Long             | DBT              | CORP              | US        |    240000 | PA      | $236629.49    | 0.07%             | 2028-09-15      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| Clarience Technologies LLC - TL 1L DD-A 06/25                                                                     | Clarience Technologies LLC - TL 1L DD-A 06/25                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     43583 | PA      | $43147.08     | 0.01%             | 2032-02-13      | Floating      | 8.44%                 | Yes           |                  3 | On Loan: No      |
| Icahn Enterprises, L.P. / Icahn Enterprises Finance Corporation                                                   | IEP 9.75 01/15/29                                                    | CUSIP: 451102CF2<br>LEI: 549300T0G4GS0SINS786 | Long             | DBT              | CORP              | US        |    280000 | PA      | $275482.87    | 0.08%             | 2029-01-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| Sallie Mae Unlevered - 1.200 12/2055 FRN Class A-FL (Jan26)                                                       | Sallie Mae Unlevered - 1.200 12/2055 FRN Class A-FL (Jan26)          | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     49947 | PA      | $50346.47     | 0.01%             | 2055-12-25      | Fixed         | 13.00%                | No            |                  3 | On Loan: No      |
| Tenet Healthcare Corporation                                                                                      | THC 4.25 06/01/29                                                    | CUSIP: 88033GDM9<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |    795000 | PA      | $771369.54    | 0.22%             | 2029-06-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY RESIDENTIAL MORTGAGE LOAN TRUST 2025-NQM6                                                          | MSRM 2025-NQM6 XS                                                    | CUSIP: 617948AL8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   9856429 | PA      | $387543.96    | 0.11%             | 2070-07-25      | Variable      | 1.80%                 | Yes           |                  2 | On Loan: No      |
| HUGHES SATELLITE SYSTEMS CORP                                                                                     | SATS 5.25 08/01/26                                                   | CUSIP: 444454AD4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     37000 | PA      | $32931.84     | 0.01%             | 2026-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| WYNN RESORTS FINANCE LLC                                                                                          | WYNFIN 5.125 10/01/29 144A                                           | CUSIP: 983133AA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    505000 | PA      | $498730.88    | 0.14%             | 2029-10-01      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| Energy Transfer LP                                                                                                | ET 6 02/01/29 144A                                                   | CUSIP: 226373AR9<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |     35000 | PA      | $35279.79     | 0.01%             | 2029-02-01      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| ARETEC ESCROW ISSUER 2 INC                                                                                        | RCAP 10 08/15/30 144A                                                | CUSIP: 04020JAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    491000 | PA      | $522136.62    | 0.15%             | 2030-08-15      | Fixed         | 10.00%                | Yes           |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.                                                                       | Ultra 10-Year U.S. Treasury Note Futures, Jun-2026,ETH               | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |        14 | NC      | $-36370.32    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Altice France SAS                                                                                                 | SFRFP 6.5 04/15/32 144A                                              | CUSIP: 02090DAD0<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |    638372 | PA      | $605428.17    | 0.17%             | 2032-04-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Quikrete Holdings Inc                                                                                             | QUIKHO 6.375 03/01/32 144A                                           | CUSIP: 74843PAA8<br>LEI: 5493007KIN86DIZWZT22 | Long             | DBT              | CORP              | US        |    100000 | PA      | $101475.30    | 0.03%             | 2032-03-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| COMM 2019-GC44 MORTGAGE TRUST                                                                                     | COMM 2019-GC44 AM                                                    | CUSIP: 12655TBP3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $1859954.00   | 0.53%             | 2057-08-17      | Variable      | 3.26%                 | No            |                  2 | On Loan: No      |
| Genesis Energy LP & Genesis Energy Finance Corp.                                                                  | GEL 7.875 05/15/32                                                   | CUSIP: 37185LAQ5<br>LEI: 549300VJ5D6MDK138782 | Long             | DBT              | CORP              | US        |    260000 | PA      | $267558.20    | 0.08%             | 2032-05-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| Brookfield Property Reit Inc/Bpr Cumulus Llc/Bpr Nimbus Llc/Ggsi Sellco Llc                                       | BPYU 5.75 05/15/26 144A                                              | CUSIP: 11284DAA3<br>LEI: 549300K1JD1LDRNBET48 | Long             | DBT              | CORP              | US        |    212000 | PA      | $211913.02    | 0.06%             | 2026-05-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| EchoStar Corp.                                                                                                    | SATS 10.75 11/30/29 .                                                | CUSIP: 278768AC0<br>LEI: 549300EE20907QZ9GT38 | Long             | DBT              | CORP              | US        |    525000 | PA      | $567454.53    | 0.16%             | 2029-11-30      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| PCI Pharma Services - TL 1L 07/25                                                                                 | PCI Pharma Services - TL 1L 07/25                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   5394243 | PA      | $5383994.21   | 1.54%             | 2032-10-15      | Floating      | 8.67%                 | Yes           |                  3 | On Loan: No      |
| Block Inc                                                                                                         | XYZ 6 08/15/33 144A                                                  | CUSIP: 852234AU7<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |     70000 | PA      | $68915.95     | 0.02%             | 2033-08-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Hudson Pacific Properties LP                                                                                      | HPP 3.25 01/15/30                                                    | CUSIP: 44409MAC0<br>LEI: 5493007NTUGLGZ8T3526 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $809328.20    | 0.23%             | 2030-01-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| CONSUMER PORTFOLIO SERVICES INC                                                                                   | CPS 2025-D D                                                         | CUSIP: 223936AD7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1008750.80   | 0.29%             | 2032-02-17      | Fixed         | 5.45%                 | Yes           |                  2 | On Loan: No      |
| Borr IHC Ltd / Borr Finance LLC/ Borr Natt Inc/ Borr West Africa Assets Inc/ Prospector Rig 5 Contracting Co Ltd. | BORRNO 10 11/15/28 144A                                              | CUSIP: 100018AA8<br>LEI: 254900WQF2MM46DNLY83 | Long             | DBT              | CORP              | BM        |    170732 | PA      | $175223.01    | 0.05%             | 2028-11-15      | Fixed         | 10.00%                | Yes           |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST 2026-VLT9                                                                            | BX 2026-VLT9 C                                                       | CUSIP: 05618UAE6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    311000 | PA      | $309535.56    | 0.09%             | 2045-03-15      | Floating      | 6.22%                 | Yes           |                  2 | On Loan: No      |
| Santander Mortgage Asset Receivable Trust 2025-NQM4                                                               | SAN 2025-NQM4 B3                                                     | CUSIP: 80263BAJ8<br>LEI: 254900P9WEZD48ETI035 | Long             | ABS-O            | CORP              | US        |    188864 | PA      | $182038.96    | 0.05%             | 2065-07-25      | Variable      | 7.05%                 | Yes           |                  2 | On Loan: No      |
| HAWAII HOTEL TRUST 2025-MAUI                                                                                      | HHT 2025-MAUI D                                                      | CUSIP: 419909AG1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1412000 | PA      | $1414251.58   | 0.41%             | 2042-03-17      | Floating      | 6.26%                 | Yes           |                  2 | On Loan: No      |
| UNLOCK HEA TRUST 2025-3                                                                                           | UNLOK 2025-3 B                                                       | CUSIP: 914919AB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    501000 | PA      | $482916.66    | 0.14%             | 2041-12-26      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| MORGAN STANLEY RESIDENTIAL MORTGAGE LOAN TRUST 2025-NQM6                                                          | MSRM 2025-NQM6 B2                                                    | CUSIP: 617948AH7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    249980 | PA      | $244877.01    | 0.07%             | 2070-07-25      | Variable      | 7.17%                 | Yes           |                  2 | On Loan: No      |
| MPT Operating Partnership LP / MPT Finance Corporation                                                            | MPW 3.5 03/15/31                                                     | CUSIP: 55342UAM6<br>LEI: WUQXXXF7PXTUPGROE843 | Long             | DBT              | CORP              | US        |    230000 | PA      | $150534.99    | 0.04%             | 2031-03-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                                                    | MS V5.192 04/17/31                                                   | CUSIP: 61747YFZ3<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    248000 | PA      | $251753.57    | 0.07%             | 2031-04-17      | Fixed         | 5.19%                 | No            |                  2 | On Loan: No      |
| ATRIUM HOTEL PORTFOLIO TRUST 2024-ATRM                                                                            | AHPT 2024-ATRM C                                                     | CUSIP: 04963XAG9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    536000 | PA      | $542212.03    | 0.16%             | 2029-11-10      | Variable      | 5.95%                 | Yes           |                  2 | On Loan: No      |
| DISH Network Corporation                                                                                          | DISH 11.75 11/15/27 144A                                             | CUSIP: 25470MAG4<br>LEI: 529900U350CWHH15G169 | Long             | DBT              | CORP              | US        |    806000 | PA      | $830816.74    | 0.24%             | 2027-11-15      | Fixed         | 11.75%                | Yes           |                  2 | On Loan: No      |
| Park Intermediate Holdings LLC / PK Domestic Property LLC / PK Finance Co-Issuer Inc                              | PK 4.875 05/15/29 144A                                               | CUSIP: 70052LAC7<br>LEI: 549300HJUVLG7EAGZV92 | Long             | DBT              | CORP              | US        |     90000 | PA      | $86455.02     | 0.02%             | 2029-05-15      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| ADT Security Corp.                                                                                                | ADT 4.125 08/01/29 144A                                              | CUSIP: 00109LAA1<br>LEI: 5493009JEEDYLVRA0J13 | Long             | DBT              | CORP              | US        |     65000 | PA      | $62139.94     | 0.02%             | 2029-08-01      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| Public Service Electric & Gas Co.                                                                                 | PEG 4.9 08/15/35                                                     | CUSIP: 74456QCW4<br>LEI: 549300RUHPVD434XUK18 | Long             | DBT              | CORP              | US        |    225000 | PA      | $223378.69    | 0.06%             | 2035-08-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| SAMBA Safety Inc - TL 1L 12/25                                                                                    | SAMBA Safety Inc - TL 1L 12/25                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    667549 | PA      | $664211.26    | 0.19%             | 2032-12-20      | None          | 0.00%                 | Yes           |                  3 | On Loan: No      |
| Fair Isaac Corporation                                                                                            | FAIRIC 6 05/15/33 144A                                               | CUSIP: 303250AG9<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | DBT              | CORP              | US        |    250000 | PA      | $245455.35    | 0.07%             | 2033-05-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| News Corporation                                                                                                  | NWSA 3.875 05/15/29 144A                                             | CUSIP: 65249BAA7<br>LEI: 549300ITS31QK8VRBQ14 | Long             | DBT              | CORP              | US        |     70000 | PA      | $67572.03     | 0.02%             | 2029-05-15      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| CVS Health Corp                                                                                                   | CVS 5.7 06/01/34                                                     | CUSIP: 126650ED8<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    400000 | PA      | $411207.77    | 0.12%             | 2034-06-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Bristol-Myers Squibb Company                                                                                      | BMY 5.2 02/22/34                                                     | CUSIP: 110122EH7<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | DBT              | CORP              | US        |    400000 | PA      | $410222.35    | 0.12%             | 2034-02-22      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Navient Corporation                                                                                               | NAVI 9.375 07/25/30                                                  | CUSIP: 63938CAN8<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |    789000 | PA      | $769845.76    | 0.22%             | 2030-07-25      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| Exeter Automobile Receivables Trust 2013-2                                                                        | EART 2025-2A E                                                       | CUSIP: 30168JAG8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $2033922.00   | 0.58%             | 2032-10-15      | Fixed         | 7.81%                 | Yes           |                  2 | On Loan: No      |
| Philippine Airlines 777 (Warbug Pincus) - TL 1L DD 07/25 (MSN 61730)                                              | Philippine Airlines 777 (Warbug Pincus) - TL 1L DD 07/25 (MSN 61730) | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    852255 | PA      | $855408.49    | 0.25%             | 2027-12-31      | None          | 0.00%                 | No            |                  3 | On Loan: No      |
| Sirius Xm Radio LLC                                                                                               | SIRI 4 07/15/28 144A                                                 | CUSIP: 82967NBJ6<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |    200000 | PA      | $193171.18    | 0.06%             | 2028-07-15      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| EXTENDED STAY AMERICA TRUST 2025-ESH                                                                              | ESA 2025-ESH D                                                       | CUSIP: 30227TAG5<br>LEI: 549300IESZBC3BJUJW64 | Long             | ABS-O            | CORP              | US        |    874000 | PA      | $877258.45    | 0.25%             | 2042-10-15      | Floating      | 6.27%                 | Yes           |                  2 | On Loan: No      |
| SUNRUN NEPTUNE ISSUER 2024-1                                                                                      | SUNRN 2024-1A A                                                      | CUSIP: 86773CAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    127710 | PA      | $128000.34    | 0.04%             | 2055-02-01      | Fixed         | 6.27%                 | Yes           |                  2 | On Loan: No      |
| BENCHMARK 2024-V5 MORTGAGE TRUST                                                                                  | BMARK 2024-V5 C                                                      | CUSIP: 08163XBC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $511465.25    | 0.15%             | 2057-01-12      | Variable      | 6.97%                 | No            |                  2 | On Loan: No      |
| SVC ABS LLC                                                                                                       | SVC 2026-1A B                                                        | CUSIP: 78488JAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    498000 | PA      | $492904.12    | 0.14%             | 2056-03-20      | Fixed         | 5.79%                 | Yes           |                  2 | On Loan: No      |
| Block Inc                                                                                                         | XYZ 2.75 06/01/26                                                    | CUSIP: 852234AN3<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |    155000 | PA      | $154395.61    | 0.04%             | 2026-06-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                                                      | T 3.375 02/29/28                                                     | CUSIP: 91282CQB0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     72600 | PA      | $72037.07     | 0.02%             | 2028-02-29      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO COMMERCIAL MORTGAGE TRUST 2025-5C4                                                                    | WFCM 2025-5C4 C                                                      | CUSIP: 949931AH2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    386000 | PA      | $387249.02    | 0.11%             | 2058-05-17      | Variable      | 6.28%                 | No            |                  2 | On Loan: No      |
| Novartis Capital Corporation                                                                                      | NOVNVX 5.7 03/18/56                                                  | CUSIP: 66989HBL1<br>LEI: 5493002KF87V5RSRQS84 | Long             | DBT              | CORP              | US        |     54000 | PA      | $54424.01     | 0.02%             | 2056-03-18      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| MESA Trust 2025-1 - MESA TRUST 2025-1 R                                                                           | MESA Trust 2025-1 - MESA TRUST 2025-1 R                              | CUSIP: 590929AD7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    134612 | PA      | $134854.30    | 0.04%             | 2060-06-25      | Fixed         | 15.00%                | No            |                  3 | On Loan: No      |
| Navient Corporation                                                                                               | NAVI 5.625 08/01/33 MTN                                              | CUSIP: 78442FAZ1<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |   1265000 | PA      | $987570.57    | 0.28%             | 2033-08-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Avantor Funding Inc                                                                                               | AVTR 4.625 07/15/28 144A                                             | CUSIP: 05352TAA7<br>LEI: 5493003VM0XB4U8YD238 | Long             | DBT              | CORP              | US        |    315000 | PA      | $307633.24    | 0.09%             | 2028-07-15      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| Mineral Resources Ltd.                                                                                            | MINAU 8.5 05/01/30 144A                                              | CUSIP: 603051AD5<br>LEI: 5299007V1ACKFFX2P066 | Long             | DBT              | CORP              | AU        |    355000 | PA      | $365244.10    | 0.10%             | 2030-05-01      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| ION PLATFORM FINANCE US INC                                                                                       | IONPLA 9 08/01/29 144A                                               | CUSIP: 46206AAF9<br>LEI: 213800FKHT3BRRKMCC89 | Long             | DBT              | CORP              | US        |    270000 | PA      | $250605.25    | 0.07%             | 2029-08-01      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| Samarco Mineracao SA                                                                                              | SAMMIN 9.5 06/30/31 REGS                                             | CUSIP: 000000000<br>LEI: 529900U8HKV15GJC4O60 | Long             | DBT              | CORP              | BR        |    188843 | PA      | $185922.40    | 0.05%             | 2031-06-30      | Variable      | 9.50%                 | Yes           |                  2 | On Loan: No      |
| Hess Midstream Operations LP                                                                                      | HESM 5.5 10/15/30 144A                                               | CUSIP: 428102AF4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    175000 | PA      | $173699.94    | 0.05%             | 2030-10-15      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| ViaSat                                                                                                            | ViaSat Term Loan B 450 2029-02-08                                    | CUSIP: 92555WAD7<br>LEI: UFC8NYMNFSYIHNSM2I38 | Long             | LON              | CORP              | US        |    436269 | PA      | $438041.62    | 0.13%             | 2029-03-05      | Floating      | 8.28%                 | No            |                  2 | On Loan: No      |
| Oxford Finance Llc / Oxford Finance Co-Issuer Ii Inc                                                              | OXDFLL 6.375 02/01/27                                                | CUSIP: 69145LAC8<br>LEI: 549300LDNS0EYYWL5V49 | Long             | DBT              | CORP              | US        |    145000 | PA      | $143821.92    | 0.04%             | 2027-02-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| Verizon Communications Inc.                                                                                       | VZ 5.25 04/02/35                                                     | CUSIP: 92343VGZ1<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |    191000 | PA      | $191303.47    | 0.05%             | 2035-04-02      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BHG Funding 09 Trust - TL 03/26 Tranche 1 Class C                                                                 | BHG Funding 09 Trust - TL 03/26 Tranche 1 Class C                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |      7000 | PA      | $7000.28      | 0.00%             | 2036-03-17      | Floating      | 0.00%                 | No            |                  3 | On Loan: No      |
| Navient Corporation                                                                                               | NAVI 11.5 03/15/31                                                   | CUSIP: 63938CAP3<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |    235000 | PA      | $239087.36    | 0.07%             | 2031-03-15      | Fixed         | 11.50%                | No            |                  2 | On Loan: No      |
| Home Depot Inc.                                                                                                   | HD 4.95 06/25/34                                                     | CUSIP: 437076DE9<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | DBT              | CORP              | US        |    400000 | PA      | $403031.59    | 0.12%             | 2034-06-25      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Discovery Global Holdings Inc.                                                                                    | WBD 5.05 03/15/42 *                                                  | CUSIP: 55903VBW2<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |    337000 | PA      | $222860.03    | 0.06%             | 2042-03-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| AbbVie Inc.                                                                                                       | ABBV 4.75 03/15/36                                                   | CUSIP: 00287YEG0<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |    137000 | PA      | $134465.91    | 0.04%             | 2036-03-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Teva Pharmaceutical Finance Netherlands III B.V.                                                                  | TEVA 4.1 10/01/46                                                    | CUSIP: 88167AAF8<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |     85000 | PA      | $63112.17     | 0.02%             | 2046-10-01      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST 2026-VLT9                                                                            | BX 2026-VLT9 B                                                       | CUSIP: 05618UAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    726000 | PA      | $722321.29    | 0.21%             | 2045-03-15      | Floating      | 5.82%                 | Yes           |                  2 | On Loan: No      |
| ATRIUM HOTEL PORTFOLIO TRUST 2024-ATRM                                                                            | AHPT 2024-ATRM D                                                     | CUSIP: 04963XAJ3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $2042558.60   | 0.59%             | 2029-11-10      | Variable      | 7.17%                 | Yes           |                  2 | On Loan: No      |
| Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer Inc                                                  | ALIANT 4.25 10/15/27 144A                                            | CUSIP: 01883LAB9<br>LEI: 5493006Q26653NF8SI73 | Long             | DBT              | CORP              | US        |    245000 | PA      | $240297.72    | 0.07%             | 2027-10-15      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| Ryan Specialty LLC                                                                                                | RYASPE 5.875 08/01/32 144A                                           | CUSIP: 78351GAA3<br>LEI: 549300K52N7QBO3PYY45 | Long             | DBT              | CORP              | US        |     55000 | PA      | $54404.33     | 0.02%             | 2032-08-01      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| AGS Health - TL 1L 07/25                                                                                          | AGS Health - TL 1L 07/25                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    704536 | PA      | $697490.55    | 0.20%             | 2032-07-31      | Floating      | 8.17%                 | No            |                  3 | On Loan: No      |
| Ares Secondaries Pbn Finance Co IV LLC - TL DD A 05/25                                                            | Ares Secondaries Pbn Finance Co IV LLC - TL DD A 05/25               | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1076923 | PA      | $1078107.62   | 0.31%             | 2039-04-14      | None          | 0.00%                 | No            |                  3 | On Loan: No      |
| Kennedy Wilson Inc                                                                                                | KW 5 03/01/31                                                        | CUSIP: 489399AM7<br>LEI: 5EA4464UK7FM5QNNKL62 | Long             | DBT              | CORP              | US        |    210000 | PA      | $210336.82    | 0.06%             | 2031-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Power & Light Co.                                                                                         | NEE 5.7 03/15/55                                                     | CUSIP: 341081GY7<br>LEI: A89MY1K3YLIGJMYWVX50 | Long             | DBT              | CORP              | US        |     81000 | PA      | $80729.57     | 0.02%             | 2055-03-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| SM Energy Co.                                                                                                     | SM 9.625 06/15/33 144A                                               | CUSIP: 17888HAD5<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | DBT              | CORP              | US        |     75000 | PA      | $82903.20     | 0.02%             | 2033-06-15      | Fixed         | 9.62%                 | Yes           |                  2 | On Loan: No      |
| Service Logic LLC - TL 1L 12/25                                                                                   | Service Logic LLC - TL 1L 12/25                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    711296 | PA      | $704609.48    | 0.20%             | 2032-12-16      | Floating      | 8.42%                 | No            |                  3 | On Loan: No      |
| FREDDIE MAC STACR REMIC TRUST 2020-DNA6                                                                           | STACR 2020-DNA6 B2                                                   | CUSIP: 35566CBE4<br>LEI: 5493000ITBQFEOXM0S98 | Long             | ABS-O            | USGSE             | US        |    920000 | PA      | $1072331.12   | 0.31%             | 2050-12-27      | Floating      | 9.31%                 | Yes           |                  2 | On Loan: No      |
| Xylem Kendall - TL 1L DD-A 06/25 (6th Amendment)                                                                  | Xylem Kendall - TL 1L DD-A 06/25 (6th Amendment)                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     53061 | PA      | $52652.63     | 0.02%             | 2030-04-22      | Floating      | 9.81%                 | No            |                  3 | On Loan: No      |
| SVC ABS LLC                                                                                                       | SVC 2026-1A M                                                        | CUSIP: 78488JAE5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    171000 | PA      | $169349.88    | 0.05%             | 2056-03-20      | Fixed         | 7.55%                 | Yes           |                  2 | On Loan: No      |
| Ascent Resources Utica Holdings LLC / ARU Finance Corp                                                            | ASCRES 5.875 06/30/29 144A                                           | CUSIP: 04364VAU7<br>LEI: 549300EGLQ2M2CL7JZ89 | Long             | DBT              | CORP              | US        |    215000 | PA      | $214918.11    | 0.06%             | 2029-06-30      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Venture Global Plaquemines Lng LLC                                                                                | VEGLPL 6.5 06/15/34 144A                                             | CUSIP: 922966AF3<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |     70000 | PA      | $72910.74     | 0.02%             | 2034-06-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Biomarin Pharmaceutical Inc.                                                                                      | BMRN 5.5 02/15/34 144A                                               | CUSIP: 09061GAL5<br>LEI: NSLL8ITTRR0J5HEMR848 | Long             | DBT              | CORP              | US        |    200000 | PA      | $197052.30    | 0.06%             | 2034-02-15      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| CCO HOLDINGS LLC                                                                                                  | CHTR 4.25 01/15/34 144A                                              | CUSIP: 1248EPCP6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    170000 | PA      | $145592.01    | 0.04%             | 2034-01-15      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| Flexera Software LLC - TL 1L 08/25 EUR                                                                            | Flexera Software LLC - TL 1L 08/25 EUR                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    634512 | PA      | $722473.02    | 0.21%             | 2032-08-15      | Floating      | 6.45%                 | No            |                  3 | On Loan: No      |
| Wells Fargo & Co.                                                                                                 | WFC V5.211 12/03/35                                                  | CUSIP: 95000U3N1<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    210000 | PA      | $209164.33    | 0.06%             | 2035-12-03      | Fixed         | 5.21%                 | No            |                  2 | On Loan: No      |
| BX Trust 2018-Bilt                                                                                                | BX 2024-AIR2 D                                                       | CUSIP: 05613QAG5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1198975 | PA      | $1201543.03   | 0.34%             | 2041-10-15      | Floating      | 6.46%                 | Yes           |                  2 | On Loan: No      |
| Snap Inc                                                                                                          | SNAP 6.875 03/01/33 144A                                             | CUSIP: 83304AAL0<br>LEI: 549300JNC0L6VP8A2Q35 | Long             | DBT              | CORP              | US        |    170000 | PA      | $160665.33    | 0.05%             | 2033-03-01      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| Icahn Enterprises, L.P. / Icahn Enterprises Finance Corporation                                                   | IEP 5.25 05/15/27                                                    | CUSIP: 451102BZ9<br>LEI: 549300T0G4GS0SINS786 | Long             | DBT              | CORP              | US        |    930000 | PA      | $912062.53    | 0.26%             | 2027-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Premise Health Holding Corp - TL 1L 11/25                                                                         | Premise Health Holding Corp - TL 1L 11/25                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    500994 | PA      | $496936.39    | 0.14%             | 2032-11-06      | Floating      | 8.45%                 | No            |                  3 | On Loan: No      |
| American Credit Acceptance Receivables Trust 2014/1                                                               | ACAR 2023-1 E                                                        | CUSIP: 02530UAJ7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    700000 | PA      | $720388.90    | 0.21%             | 2029-12-12      | Fixed         | 9.79%                 | Yes           |                  2 | On Loan: No      |
| Ardian US LLC - TL 1L 07/25                                                                                       | Ardian US LLC - TL 1L 07/25                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1476185 | PA      | $1476184.80   | 0.42%             | 2028-12-31      | Floating      | 6.20%                 | No            |                  3 | On Loan: No      |
| FORTRESS CREDIT BSL XVIII LTD                                                                                     | FCBSL 2023-1A BR                                                     | CUSIP: 34965DAY9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    829000 | PA      | $829416.99    | 0.24%             | 2036-04-23      | Variable      | 5.52%                 | Yes           |                  2 | On Loan: No      |
| Philippine Airlines 777 (Warbug Pincus) - TL 1L DD 07/25 (MSN 61731)                                              | Philippine Airlines 777 (Warbug Pincus) - TL 1L DD 07/25 (MSN 61731) | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    852216 | PA      | $854943.33    | 0.25%             | 2027-12-31      | None          | 0.00%                 | No            |                  3 | On Loan: No      |
| American Credit Acceptance Receivables Trust 2014/1                                                               | ACAR 2023-3 E                                                        | CUSIP: 02530EAJ3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    700000 | PA      | $729705.62    | 0.21%             | 2031-10-14      | Fixed         | 9.54%                 | Yes           |                  2 | On Loan: No      |
| ION PLATFORM FINANCE US INC                                                                                       | IONPLA 8.75 05/01/29 144@                                            | CUSIP: 46206AAD4<br>LEI: 213800FKHT3BRRKMCC89 | Long             | DBT              | CORP              | US        |   1223000 | PA      | $1138643.91   | 0.33%             | 2029-05-01      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| West Star Aviation Inc - Revolver 1L 05/25                                                                        | West Star Aviation Inc - Revolver 1L 05/25                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     51814 | PA      | $51813.50     | 0.01%             | 2032-05-20      | Floating      | 8.17%                 | No            |                  3 | On Loan: No      |
| Flexera Software LLC - TL 1L 08/25                                                                                | Flexera Software LLC - TL 1L 08/25                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2102492 | PA      | $2071164.87   | 0.59%             | 2032-08-15      | Floating      | 8.15%                 | No            |                  3 | On Loan: No      |
| Trinitas CLO Ltd                                                                                                  | Trinitas CLO XVII Ltd                                                | CUSIP: 89642JAP0<br>LEI: 254900E0LENORBQRRG46 | Long             | ABS-CBDO         | CORP              | KY        |    634000 | PA      | $630175.71    | 0.18%             | 2034-10-20      | Floating      | 5.67%                 | Yes           |                  2 | On Loan: No      |
| Allied Universal Holdco LLC / Allied Universal Finance Corporation                                                | UNSEAM 6.875 06/15/30 144A                                           | CUSIP: 019576AF4<br>LEI: 98450038B4549046D794 | Long             | DBT              | CORP              | US        |    300000 | PA      | $304335.60    | 0.09%             | 2030-06-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| ams OSRAM AG                                                                                                      | AMSSW 12.25 03/30/29 144A                                            | CUSIP: 03217CAB2<br>LEI: 5299001JPPT2QFTV5D76 | Long             | DBT              | CORP              | AT        |    455000 | PA      | $484332.03    | 0.14%             | 2029-03-30      | Fixed         | 12.25%                | Yes           |                  2 | On Loan: No      |
| Wells Fargo & Co.                                                                                                 | WFC V5.15 04/23/31                                                   | CUSIP: 95000U3W1<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    200000 | PA      | $203454.16    | 0.06%             | 2031-04-23      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Mexico (United Mexican States)                                                                                    | MEX 5.625 09/22/35                                                   | CUSIP: 91087BBL3<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    400000 | PA      | $387600.00    | 0.11%             | 2035-09-22      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Teva Pharmaceutical Finance Netherlands III B.V.                                                                  | TEVA 7.875 09/15/29                                                  | CUSIP: 88167AAS0<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |    200000 | PA      | $214417.80    | 0.06%             | 2029-09-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| PacifiCorp.                                                                                                       | BRKHEC 5.8 01/15/55                                                  | CUSIP: 695114DE5<br>LEI: SGY07Y7FNYBNLM6Z1M11 | Long             | DBT              | CORP              | US        |    100000 | PA      | $91415.74     | 0.03%             | 2055-01-15      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| CoreLogic, Inc.                                                                                                   | CLGX 4.5 05/01/28 144A                                               | CUSIP: 21871DAD5<br>LEI: 54930086CD8K2UIL0516 | Long             | DBT              | CORP              | US        |    355000 | PA      | $333603.72    | 0.10%             | 2028-05-01      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| Oracle Corp.                                                                                                      | ORCL 5.2 09/26/35                                                    | CUSIP: 68389XDM4<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1032349.18   | 0.30%             | 2035-09-26      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| PRESTIGE AUTO RECEIVABLES TRUST 202                                                                               | PART 2024-2A E                                                       | CUSIP: 74113SAF4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1296000 | PA      | $1253737.57   | 0.36%             | 2031-11-17      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| VetCor Professional Practices LLC - TL 1L DD 09/23                                                                | VetCor Professional Practices LLC - TL 1L DD 09/23                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     40004 | PA      | $39227.69     | 0.01%             | 2029-08-31      | Floating      | 9.67%                 | No            |                  3 | On Loan: No      |
| MPT Operating Partnership LP / MPT Finance Corporation                                                            | MPW 8.5 02/15/32 144a                                                | CUSIP: 55342UAQ7<br>LEI: WUQXXXF7PXTUPGROE843 | Long             | DBT              | CORP              | US        |    475000 | PA      | $481935.95    | 0.14%             | 2032-02-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| MESA Trust 2025-1 - MESA TRUST 2025-1 A                                                                           | MESA Trust 2025-1 - MESA TRUST 2025-1 A                              | CUSIP: 590929AA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1886555 | PA      | $1885046.24   | 0.54%             | 2060-06-25      | Fixed         | 5.20%                 | No            |                  3 | On Loan: No      |
| CAPITAL GROUP CENTRAL FUND SERIES                                                                                 | Capital Research & Management Co. CASH FD CL M                       | CUSIP: 14020B102<br>LEI: 254900MNYGACE2FEJ867 | Long             | STIV             | RF                | US        |    182544 | NS      | $18252595.71  | 5.23%             |  |  |  | No            |                  1 | On Loan: No      |
| CCO HOLDINGS LLC                                                                                                  | CHTR 7 02/01/33 144A                                                 | CUSIP: 1248EPCU5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1160000 | PA      | $1164349.19   | 0.33%             | 2033-02-01      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| BMO 2025-5C10 MORTGAGE TRUST                                                                                      | BMO 2025-5C10 B                                                      | CUSIP: 05615BAG6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $2083716.80   | 0.60%             | 2058-05-17      | Variable      | 6.45%                 | No            |                  2 | On Loan: No      |
| Elevance Health Inc.                                                                                              | ELV 5.85 11/01/64                                                    | CUSIP: 036752BF9<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | DBT              | CORP              | US        |     98000 | PA      | $93792.41     | 0.03%             | 2064-11-01      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| Ares Secondaries Pbn Finance Co IV LLC - TL DD B 05/25                                                            | Ares Secondaries Pbn Finance Co IV LLC - TL DD B 05/25               | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    538462 | PA      | $543685.08    | 0.16%             | 2039-04-14      | None          | 0.00%                 | No            |                  3 | On Loan: No      |
| Oracle Corp.                                                                                                      | ORCL 6.85 02/04/66                                                   | CUSIP: 68389XEC5<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    500000 | PA      | $460113.50    | 0.13%             | 2066-02-04      | Fixed         | 6.85%                 | No            |                  2 | On Loan: No      |
| Ford Motor Credit Company LLC                                                                                     | F 5.753 04/06/33                                                     | CUSIP: 345397J38<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    200000 | PA      | $196369.16    | 0.06%             | 2033-04-06      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Booz Allen Hamilton Inc                                                                                           | BAH 4 07/01/29 144A                                                  | CUSIP: 09951LAB9<br>LEI: 549300D7XCH2480XU542 | Long             | DBT              | CORP              | US        |     80000 | PA      | $77468.85     | 0.02%             | 2029-07-01      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| MISSION LANE CREDIT CARD MASTER TRUST                                                                             | MLANE 2025-B E                                                       | CUSIP: 60510MBY3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3000000 | PA      | $2923707.30   | 0.84%             | 2031-09-15      | Fixed         | 8.08%                 | Yes           |                  2 | On Loan: No      |
| HOWARD HUGHES CORP (THE)                                                                                          | HHH 4.125 02/01/29 144A                                              | CUSIP: 44267DAE7<br>LEI: 549300BVHY25JZC1KI49 | Long             | DBT              | CORP              | US        |    155000 | PA      | $146735.21    | 0.04%             | 2029-02-01      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| Univision Communications Inc.                                                                                     | UVN 8 08/15/28 144A                                                  | CUSIP: 914906AY8<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |    265000 | PA      | $269121.28    | 0.08%             | 2028-08-15      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| PG&E Corporation                                                                                                  | PCG 5.25 07/01/30                                                    | CUSIP: 69331CAJ7<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | DBT              | CORP              | US        |    310000 | PA      | $306069.85    | 0.09%             | 2030-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Constellation Oil Services Holding SA                                                                             | COSHSA 9.375 11/07/29 144A                                           | CUSIP: 650921AA7<br>LEI: 5493005YJTU769NW5I10 | Long             | DBT              | CORP              | LU        |    200000 | PA      | $208180.00    | 0.06%             | 2029-11-07      | Fixed         | 9.38%                 | Yes           |                  2 | On Loan: No      |
| VMED O2 UK Financing I PLC                                                                                        | VMED 4.25 01/31/31 144A                                              | CUSIP: 92858RAA8<br>LEI: 213800MRR46ECNGZ7L69 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $171942.82    | 0.05%             | 2031-01-31      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| FXI Holdings Inc                                                                                                  | FXIHLD 11 11/15/30 144a                                              | CUSIP: 36120RAG4<br>LEI: 549300VLKCUZW3MSVS50 | Long             | DBT              | CORP              | US        |    325920 | PA      | $290068.80    | 0.08%             | 2030-11-15      | Fixed         | 11.00%                | Yes           |                  2 | On Loan: No      |
| Teva Pharmaceutical Finance Netherlands III B.V.                                                                  | TEVA 6.75 03/01/28                                                   | CUSIP: 88167AAK7<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |    335000 | PA      | $343517.38    | 0.10%             | 2028-03-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| HTAP Issuer Trust 2025-2                                                                                          | HTAP 2025-2 A                                                        | CUSIP: 40446QAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2872031 | PA      | $2852332.60   | 0.82%             | 2043-06-25      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Marsh & McLennan Companies, Inc.                                                                                  | MRSH 5.7 09/15/53                                                    | CUSIP: 571748BV3<br>LEI: 549300XMP3KDCKJXIU47 | Long             | DBT              | CORP              | US        |     52000 | PA      | $50981.86     | 0.01%             | 2053-09-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Charter Communications Operating, LLC/Charter Communications Operating Capital Corp.                              | CHTR 3.7 04/01/51                                                    | CUSIP: 161175BV5<br>LEI: 549300TPZNMN50BJ3745 | Long             | DBT              | CORP              | US        |    403000 | PA      | $249663.58    | 0.07%             | 2051-04-01      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| Xylem Kendall - TL 1L 06/25                                                                                       | Xylem Kendall - TL 1L 06/25                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    869069 | PA      | $862376.90    | 0.25%             | 2030-04-22      | Floating      | 9.81%                 | No            |                  3 | On Loan: No      |
| SUNSTRONG ISSUER 2025-1 LLC                                                                                       | STRONG 2025-1 A2                                                     | CUSIP: 867976AB8<br>LEI: 5967007LIEEXZXISIG31 | Long             | ABS-O            | CORP              | US        |   1197097 | PA      | $1191162.64   | 0.34%             | 2055-12-28      | Fixed         | 5.95%                 | Yes           |                  2 | On Loan: No      |
| Allwyn Entertainment Financing (UK) PLC                                                                           | SAZKAG 7.875 04/30/29 144A                                           | CUSIP: 02007VAA8<br>LEI: 315700J7ZTIN8XGCX365 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $204606.44    | 0.06%             | 2029-04-30      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| Learning Experience Corp/The - TL 1L 07/25                                                                        | Learning Experience Corp/The - TL 1L 07/25                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    662228 | PA      | $665936.48    | 0.19%             | 2032-07-01      | Floating      | 8.45%                 | No            |                  3 | On Loan: No      |
| Endo International                                                                                                | Endo International Term Loan B 400 2031-04-01                        | CUSIP: 29280UAD5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    188090 | PA      | $187247.98    | 0.05%             | 2031-04-23      | Floating      | 7.42%                 | No            |                  2 | On Loan: No      |
| Molina Healthcare, Inc.                                                                                           | MOH 6.5 02/15/31 144A                                                | CUSIP: 60855RAN0<br>LEI: 549300NQQCEQ46YHZ591 | Long             | DBT              | CORP              | US        |    150000 | PA      | $147653.30    | 0.04%             | 2031-02-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer Inc                                                  | ALIANT 6.5 10/01/31 144A                                             | CUSIP: 01883LAG8<br>LEI: 5493006Q26653NF8SI73 | Long             | DBT              | CORP              | US        |    435000 | PA      | $427690.96    | 0.12%             | 2031-10-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| SSI ABS 2025-1 ISSUER LLC                                                                                         | SSI 2025-1 B                                                         | CUSIP: 78475CAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    458092 | PA      | $461066.18    | 0.13%             | 2065-07-30      | Fixed         | 7.82%                 | Yes           |                  2 | On Loan: No      |
| Comcast Corporation                                                                                               | CMCSA 6.05 05/15/55                                                  | CUSIP: 20030NEQ0<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |     40000 | PA      | $39614.94     | 0.01%             | 2055-05-15      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| B.A.T. Capital Corporation                                                                                        | BATSLN 6.25 08/15/55                                                 | CUSIP: 05526DCD5<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |    250000 | PA      | $253117.19    | 0.07%             | 2055-08-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Clarience Technologies LLC - TL 1L 06/25 (2025 Replacement)                                                       | Clarience Technologies LLC - TL 1L 06/25 (2025 Replacement)          | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   5247071 | PA      | $5194600.14   | 1.49%             | 2032-02-13      | Floating      | 8.42%                 | Yes           |                  3 | On Loan: No      |
| United States Treasury Notes                                                                                      | T 3.875 03/31/31                                                     | CUSIP: 91282CQG9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4071500 | PA      | $4058935.55   | 1.16%             | 2031-03-31      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| SYMPHONY CLO XXVIII LTD / SYMPHONY CLO XXVIII LLC                                                                 | SYMP 2021-28A DR                                                     | CUSIP: 87168BAU4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1000000 | PA      | $987348.00    | 0.28%             | 2036-01-23      | Variable      | 6.65%                 | Yes           |                  2 | On Loan: No      |
| Harvest Midstream I LP                                                                                            | HARMID 7.5 09/01/28 144A                                             | CUSIP: 417558AA1<br>LEI: 549300DW5M17KJOXCY66 | Long             | DBT              | CORP              | US        |     85000 | PA      | $85871.34     | 0.02%             | 2028-09-01      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| NFE Financing LLC                                                                                                 | NFE 12 11/15/29 144A                                                 | CUSIP: 62909BAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2810000 | PA      | $1273225.05   | 0.36%             | 2029-11-15      | Fixed         | 12.00%                | Yes           |                  2 | On Loan: No      |
| Homrich & Berg Inc - TL 1L DD 11/24                                                                               | Homrich & Berg Inc - TL 1L DD 11/24                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1795992 | PA      | $1804432.84   | 0.52%             | 2031-11-17      | Floating      | 8.42%                 | No            |                  3 | On Loan: No      |
| Teva Pharmaceutical Finance Netherlands III B.V.                                                                  | TEVA 6 12/01/32                                                      | CUSIP: 88167AAT8<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |    200000 | PA      | $205396.00    | 0.06%             | 2032-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Finance Of America Structured Securities Trust 2025-PC1                                                           | FASST 2025-PC1 A1                                                    | CUSIP: 316929AA6<br>LEI: 254900FJW75GV74X3O58 | Long             | ABS-O            | CORP              | US        |    818503 | PA      | $782556.67    | 0.22%             | 2075-05-28      | Variable      | 4.50%                 | Yes           |                  2 | On Loan: No      |
| Morgan Stanley                                                                                                    | MS V4.892 10/22/36 I                                                 | CUSIP: 61748UAN2<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    168000 | PA      | $162471.70    | 0.05%             | 2036-10-22      | Fixed         | 4.89%                 | No            |                  2 | On Loan: No      |
| FXI Holdings Inc                                                                                                  | FXIHLD 14 11/15/29 144A                                              | CUSIP: 36120RAJ8<br>LEI: 549300VLKCUZW3MSVS50 | Long             | DBT              | CORP              | US        |    190560 | PA      | $100044.00    | 0.03%             | 2029-11-15      | Fixed         | 14.00%                | Yes           |                  2 | On Loan: No      |
| Sallie Mae Unlevered - 1.200 12/2055 FRN Class A-FL                                                               | Sallie Mae Unlevered - 1.200 12/2055 FRN Class A-FL                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     18084 | PA      | $18097.04     | 0.01%             | 2055-12-25      | Floating      | 1.20%                 | No            |                  3 | On Loan: No      |
| SVC ABS LLC                                                                                                       | SVC 2026-1A A                                                        | CUSIP: 78488JAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    194000 | PA      | $192789.60    | 0.06%             | 2056-03-20      | Fixed         | 5.16%                 | Yes           |                  2 | On Loan: No      |
| Service Properties Trust                                                                                          | SVC 4.375 02/15/30                                                   | CUSIP: 44106MAY8<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              | CORP              | US        |    198000 | PA      | $176039.87    | 0.05%             | 2030-02-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Venture Global Calcasieu Pass LLC                                                                                 | VENTGL 3.875 08/15/29 144A                                           | CUSIP: 92328MAA1<br>LEI: 549300GKHS6RS20NLH85 | Long             | DBT              | CORP              | US        |    170000 | PA      | $161668.96    | 0.05%             | 2029-08-15      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| SM Energy Co.                                                                                                     | SM 8.625 11/01/30 144A                                               | CUSIP: 17888HAC7<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | DBT              | CORP              | US        |     55000 | PA      | $58062.46     | 0.02%             | 2030-11-01      | Fixed         | 8.62%                 | Yes           |                  2 | On Loan: No      |
| INTERCONTINENTAL EXCHANGE, INC.                                                                                   | CDS CDX.NA.HY.45.V1                                                  | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              | CORP              | US        |         1 | NC      | $-213735.06   | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| BXSC COMMERCIAL MORTGAGE TRUST 2022                                                                               | BXSC 2022-WSS D                                                      | CUSIP: 05610BAL0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1450821 | PA      | $1451047.61   | 0.42%             | 2035-03-15      | Floating      | 6.86%                 | Yes           |                  2 | On Loan: No      |
| Citibank, National Association                                                                                    | USD/EUR FORWARD                                                      | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-5992.33     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Sallie Mae Unlevered - 4.950 12/2055 Class A-FX                                                                   | Sallie Mae Unlevered - 4.950 12/2055 Class A-FX                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    231458 | PA      | $231990.31    | 0.07%             | 2055-12-25      | Fixed         | 4.95%                 | No            |                  3 | On Loan: No      |
| FREDDIE MAC STACR REMIC TRUST 2020-HQA1                                                                           | STACR 2020-HQA1 B2                                                   | CUSIP: 35565JBE0<br>LEI: 549300TCRXCIFPAC3B85 | Long             | ABS-O            | USGSE             | US        |    880000 | PA      | $973636.49    | 0.28%             | 2050-01-25      | Floating      | 8.88%                 | Yes           |                  2 | On Loan: No      |
| Lindblad Expeditions LLC                                                                                          | LIND 7 09/15/30 144A                                                 | CUSIP: 53523LAB6<br>LEI: 549300MPUWOG67Y2R254 | Long             | DBT              | CORP              | US        |     70000 | PA      | $71511.72     | 0.02%             | 2030-09-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Hilcorp Energy I L.P/Hilcorp Finance Co                                                                           | HILCRP 6.25 04/15/32 144A                                            | CUSIP: 431318AZ7<br>LEI: 549300ITPIHLG0LHEC09 | Long             | DBT              | CORP              | US        |     70000 | PA      | $67797.70     | 0.02%             | 2032-04-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Avis Budget Car Rental LLC/Avis Budget Finance Inc.                                                               | CAR 4.75 04/01/28 144A                                               | CUSIP: 053773BG1<br>LEI: XN8R4HH1TVC1XOCL5P21 | Long             | DBT              | CORP              | US        |     60000 | PA      | $58585.04     | 0.02%             | 2028-04-01      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| Comstock Resources, Inc.                                                                                          | CRK 5.875 01/15/30 144A                                              | CUSIP: 205768AT1<br>LEI: I03QQGEA4SS774AURI46 | Long             | DBT              | CORP              | US        |    105000 | PA      | $101730.23    | 0.03%             | 2030-01-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Verizon Communications Inc.                                                                                       | VZ 5 01/15/36                                                        | CUSIP: 92343VHG2<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |    342000 | PA      | $335045.57    | 0.10%             | 2036-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sunrun Jupiter Issuer 2022-1 LLC                                                                                  | SUNRN 2022-1A A                                                      | CUSIP: 86772RAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    412558 | PA      | $396174.25    | 0.11%             | 2057-07-30      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| Ford Motor Company                                                                                                | F 3.25 02/12/32                                                      | CUSIP: 345370DA5<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | DBT              | CORP              | US        |    815000 | PA      | $708166.82    | 0.20%             | 2032-02-12      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| TreeHouse Foods                                                                                                   | TreeHouse Foods Term Loan B 425 2033-01-19                           | CUSIP: 89468XAX3<br>LEI: 5493007M7EVHE470Q576 | Long             | LON              | CORP              | US        |     75000 | PA      | $74812.50     | 0.02%             | 2033-02-04      | Floating      | 7.92%                 | No            |                  2 | On Loan: No      |
| Sunrun Inc - TL 1L 02/24 (Romulus)                                                                                | Sunrun Inc - TL 1L 02/24 (Romulus)                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1795458 | PA      | $1802819.07   | 0.52%             | 2054-01-31      | None          | 0.00%                 | No            |                  3 | On Loan: No      |
| Carnival Corporation                                                                                              | CCL 5.75 08/01/32 144A                                               | CUSIP: 143658CA8<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |    300000 | PA      | $300277.44    | 0.09%             | 2032-08-01      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Harvest Midstream I LP                                                                                            | HARMID 7.5 05/15/32 144A                                             | CUSIP: 417558AB9<br>LEI: 549300DW5M17KJOXCY66 | Long             | DBT              | CORP              | US        |     50000 | PA      | $51065.25     | 0.01%             | 2032-05-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| Hightower Holding LLC                                                                                             | HIGTOW 6.75 04/15/29 144A                                            | CUSIP: 43118DAA8<br>LEI: 254900MKOSB7RTMA9K12 | Long             | DBT              | CORP              | US        |    260000 | PA      | $255500.52    | 0.07%             | 2029-04-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Amazon.com, Inc.                                                                                                  | AMZN 4.875 03/13/36                                                  | CUSIP: 023135DF0<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |    280000 | PA      | $277556.33    | 0.08%             | 2036-03-13      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Superior Plus LP / Superior General Partner Inc                                                                   | SPBCN 4.5 03/15/29 144A                                              | CUSIP: 86828LAC6<br>LEI: 549300K5Y13GU6TPZJ49 | Long             | DBT              | CORP              | CA        |     60000 | PA      | $57399.30     | 0.02%             | 2029-03-15      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| NELNET STUDENT LOAN TRUST 2026-A                                                                                  | NSLT 2026-A C                                                        | CUSIP: 64032UAD3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    888000 | PA      | $867760.17    | 0.25%             | 2061-02-21      | Variable      | 5.34%                 | Yes           |                  2 | On Loan: No      |
| Brown & Brown Inc                                                                                                 | BRO 6.25 06/23/55                                                    | CUSIP: 115236AN1<br>LEI: 549300PC8KTJ71XKFY89 | Long             | DBT              | CORP              | US        |    513000 | PA      | $512032.86    | 0.15%             | 2055-06-23      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Homrich & Berg Inc - Revolver 1L 11/24                                                                            | Homrich & Berg Inc - Revolver 1L 11/24                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    237951 | PA      | $237951.02    | 0.07%             | 2031-08-18      | Floating      | 8.43%                 | No            |                  3 | On Loan: No      |
| MULTIFAMILY CONNECTICUT AVENUE SECU                                                                               | MCAS 2025-01 M2                                                      | CUSIP: 62549CAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    242000 | PA      | $242869.65    | 0.07%             | 2055-05-25      | Floating      | 6.76%                 | Yes           |                  2 | On Loan: No      |
| HSBC Holdings PLC                                                                                                 | HSBC V5.45 03/03/36                                                  | CUSIP: 404280ES4<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $200662.73    | 0.06%             | 2036-03-03      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Sirius Xm Radio LLC                                                                                               | SIRI 3.875 09/01/31 144A                                             | CUSIP: 82967NBM9<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |    610000 | PA      | $554385.48    | 0.16%             | 2031-09-01      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| EchoStar Corp.                                                                                                    | SATS 6.75 11/30/30                                                   | CUSIP: 278768AA4<br>LEI: 549300EE20907QZ9GT38 | Long             | DBT              | CORP              | US        |    321509 | PA      | $325047.92    | 0.09%             | 2030-11-30      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| VERUS SECURITIZATION TRUST 2024-1                                                                                 | VERUS 2024-1 B1                                                      | CUSIP: 92540EAE3<br>LEI: 984500A3F1D749452747 | Long             | ABS-O            | CORP              | US        |    771000 | PA      | $779346.54    | 0.22%             | 2069-01-25      | Variable      | 7.91%                 | Yes           |                  2 | On Loan: No      |
| Hess Midstream Operations LP                                                                                      | HESM 4.25 02/15/30 144A                                              | CUSIP: 428102AE7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    395000 | PA      | $379763.78    | 0.11%             | 2030-02-15      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| NOBLE FINANCE II LLC                                                                                              | NEFINA 8 04/15/30 144A                                               | CUSIP: 65505PAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    100000 | PA      | $103011.17    | 0.03%             | 2030-04-15      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| Samarco Mineracao SA                                                                                              | SAMMIN 9.5 06/30/31 144A                                             | CUSIP: 79588YAA7<br>LEI: 529900U8HKV15GJC4O60 | Long             | DBT              | CORP              | BR        |    224001 | PA      | $220535.97    | 0.06%             | 2031-06-30      | Variable      | 9.50%                 | Yes           |                  2 | On Loan: No      |
| AbbVie Inc.                                                                                                       | ABBV 5.2 03/15/35                                                    | CUSIP: 00287YEA3<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |    200000 | PA      | $203624.69    | 0.06%             | 2035-03-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Cleveland-Cliffs Inc                                                                                              | CLF 4.875 03/01/31 144A                                              | CUSIP: 185899AL5<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |    365000 | PA      | $328201.65    | 0.09%             | 2031-03-01      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| Navient Corporation                                                                                               | NAVI 5.5 03/15/29                                                    | CUSIP: 63938CAM0<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |    320000 | PA      | $293619.90    | 0.08%             | 2029-03-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| LCM Investments Holdings II LLC                                                                                   | MAGLLC 8.25 08/01/31 144A                                            | CUSIP: 50190EAC8<br>LEI: 549300P5V78NNQTG4428 | Long             | DBT              | CORP              | US        |    180000 | PA      | $187517.70    | 0.05%             | 2031-08-01      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| Connect Finco SARL/Connect US Finco LLC                                                                           | ISATLN 9 09/15/29 144A                                               | CUSIP: 20752TAB0<br>LEI: 2594001KNYIQ456J2792 | Long             | DBT              | CORP              | LU        |   1115000 | PA      | $1172745.85   | 0.34%             | 2029-09-15      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| Humana Inc.                                                                                                       | HUM 5.375 04/15/31                                                   | CUSIP: 444859CA8<br>LEI: 529900YLDW34GJAO4J06 | Long             | DBT              | CORP              | US        |    200000 | PA      | $202205.34    | 0.06%             | 2031-04-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Oak-Eagle AcquireCo Inc.                                                                                          | EA 7.25 07/01/33 144A                                                | CUSIP: 67124CAA1<br>LEI: 6488ICS9P20290MA1H31 | Long             | DBT              | CORP              | US        |     70000 | PA      | $72572.11     | 0.02%             | 2033-07-01      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| ResaPowerLLC-TL1L04/25                                                                                            | ResaPowerLLC-TL1L04/25                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2583350 | PA      | $2609183.81   | 0.75%             | 2032-04-28      | Floating      | 8.42%                 | Yes           |                  3 | On Loan: No      |
| HSBC Holdings PLC                                                                                                 | HSBC V2.206 08/17/29                                                 | CUSIP: 404280CV9<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    380000 | PA      | $359764.15    | 0.10%             | 2029-08-17      | Fixed         | 2.21%                 | No            |                  2 | On Loan: No      |
| Ardian US LLC - TL 1L 09/25                                                                                       | Ardian US LLC - TL 1L 09/25                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1115517 | PA      | $1115517.14   | 0.32%             | 2031-03-26      | None          | 0.00%                 | No            |                  3 | On Loan: No      |
| Reworld Holding Corp.                                                                                             | CVA 4.875 12/01/29 144A                                              | CUSIP: 22303XAA3<br>LEI: 40XIFLS8XDQGGHGPGC04 | Long             | DBT              | CORP              | US        |    135000 | PA      | $126685.47    | 0.04%             | 2029-12-01      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| Med-Metrix - TL 1L DD 07/25                                                                                       | Med-Metrix - TL 1L DD 07/25                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |      4167 | PA      | $4170.83      | 0.00%             | 2032-07-21      | Floating      | 8.18%                 | Yes           |                  3 | On Loan: No      |
| Conservice LLC - TL 1L 11/25 (Unitranche)                                                                         | Conservice LLC - TL 1L 11/25 (Unitranche)                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    660103 | PA      | $658452.74    | 0.19%             | 2033-02-25      | Floating      | 8.20%                 | No            |                  3 | On Loan: No      |
| Mauser Packaging Solutions Holding Co.                                                                            | BWY 7.875 04/15/30 144A                                              | CUSIP: 57763RAE7<br>LEI: 549300DNGHXL0OMHW304 | Long             | DBT              | CORP              | US        |    125000 | PA      | $125089.38    | 0.04%             | 2030-04-15      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| CCO HOLDINGS LLC                                                                                                  | CHTR 4.75 03/01/30 144A                                              | CUSIP: 1248EPCD3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    340000 | PA      | $322831.42    | 0.09%             | 2030-03-01      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| UnitedHealth Group Inc.                                                                                           | UNH 5.625 07/15/54                                                   | CUSIP: 91324PFL1<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    381000 | PA      | $363385.78    | 0.10%             | 2054-07-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| OWN EQUIPMENT FUND I LLC                                                                                          | EQS 2025-1M B                                                        | CUSIP: 690912AB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1062950 | PA      | $1063281.96   | 0.30%             | 2033-09-26      | Fixed         | 6.31%                 | Yes           |                  2 | On Loan: No      |
| PacifiCorp.                                                                                                       | BRKHEC 5.8 04/15/36                                                  | CUSIP: 695114DQ8<br>LEI: SGY07Y7FNYBNLM6Z1M11 | Long             | DBT              | CORP              | US        |    250000 | PA      | $252106.13    | 0.07%             | 2036-04-15      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| Philip Morris International Inc.                                                                                  | PM 4.875 04/30/35                                                    | CUSIP: 718172DU0<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |    250000 | PA      | $246225.90    | 0.07%             | 2035-04-30      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| BENCHMARK 2020-B22 MORTGAGE TRUST                                                                                 | BMARK 2020-B22 AM                                                    | CUSIP: 08163BBG5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    407000 | PA      | $349573.24    | 0.10%             | 2054-01-16      | Fixed         | 2.16%                 | No            |                  2 | On Loan: No      |
| NAVEX Global Inc - TL 1L 10/25                                                                                    | NAVEX Global Inc - TL 1L 10/25                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    550773 | PA      | $545265.45    | 0.16%             | 2032-10-14      | Floating      | 8.68%                 | Yes           |                  3 | On Loan: No      |
| Sallie Mae Unlevered - 6.250 12/2055 Class D                                                                      | Sallie Mae Unlevered - 6.250 12/2055 Class D                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      6086 | PA      | $6072.36      | 0.00%             | 2055-12-25      | Fixed         | 6.25%                 | No            |                  3 | On Loan: No      |
| Rckt Mortgage Trust 2024-Ces8                                                                                     | RCKT 2024-CES8 B2                                                    | CUSIP: 749421AG8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3000000 | PA      | $3047347.20   | 0.87%             | 2044-11-25      | Variable      | 8.39%                 | Yes           |                  2 | On Loan: No      |
| BBCMS MORTGAGE TRUST 2024-5C27                                                                                    | BBCMS 2024-5C27 C                                                    | CUSIP: 05555FAG9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    490158 | PA      | $501895.81    | 0.14%             | 2057-07-17      | Variable      | 6.70%                 | No            |                  2 | On Loan: No      |
| Accendra Health Inc.                                                                                              | ACH 6.625 04/01/30 144A                                              | CUSIP: 690732AG7<br>LEI: 549300LMT5KQQXCEZ733 | Long             | DBT              | CORP              | US        |    320000 | PA      | $152523.33    | 0.04%             | 2030-04-01      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| Ford Motor Credit Company LLC                                                                                     | F 6.798 11/07/28                                                     | CUSIP: 345397D59<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    365000 | PA      | $377927.06    | 0.11%             | 2028-11-07      | Fixed         | 6.80%                 | No            |                  2 | On Loan: No      |
| Block Inc                                                                                                         | XYZ 5.625 08/15/30 144A                                              | CUSIP: 852234AT0<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |     55000 | PA      | $54727.15     | 0.02%             | 2030-08-15      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| Venture Global Calcasieu Pass LLC                                                                                 | VENTGL 4.125 08/15/31 144A                                           | CUSIP: 92328MAB9<br>LEI: 549300GKHS6RS20NLH85 | Long             | DBT              | CORP              | US        |    825000 | PA      | $765682.91    | 0.22%             | 2031-08-15      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| Charter Communications Operating, LLC/Charter Communications Operating Capital Corp.                              | CHTR 3.85 04/01/61                                                   | CUSIP: 161175BY9<br>LEI: 549300TPZNMN50BJ3745 | Long             | DBT              | CORP              | US        |    265000 | PA      | $154906.26    | 0.04%             | 2061-04-01      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| Charter Communications Operating, LLC/Charter Communications Operating Capital Corp.                              | CHTR 5.25 04/01/53                                                   | CUSIP: 161175CK8<br>LEI: 549300TPZNMN50BJ3745 | Long             | DBT              | CORP              | US        |    158000 | PA      | $124027.60    | 0.04%             | 2053-04-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Coinbase Global Inc                                                                                               | COIN 3.375 10/01/28 144A                                             | CUSIP: 19260QAC1<br>LEI: 5493004G3J2SC154DU06 | Long             | DBT              | CORP              | US        |    240000 | PA      | $224848.44    | 0.06%             | 2028-10-01      | Fixed         | 3.38%                 | Yes           |                  2 | On Loan: No      |
| Osaic Holdings Inc.                                                                                               | ADVGRO 8 08/01/33 144A                                               | CUSIP: 00791GAC1<br>LEI: 549300XL60BDV6UW5C86 | Long             | DBT              | CORP              | US        |    224000 | PA      | $221315.86    | 0.06%             | 2033-08-01      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| Osaic Holdings Inc.                                                                                               | ADVGRO 6.75 08/01/32 144A                                            | CUSIP: 00791GAB3<br>LEI: 549300XL60BDV6UW5C86 | Long             | DBT              | CORP              | US        |    380000 | PA      | $380328.66    | 0.11%             | 2032-08-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Charter Communications Operating, LLC/Charter Communications Operating Capital Corp.                              | CHTR 4.8 03/01/50                                                    | CUSIP: 161175BT0<br>LEI: 549300TPZNMN50BJ3745 | Long             | DBT              | CORP              | US        |     33000 | PA      | $24415.30     | 0.01%             | 2050-03-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Amentum Escrow Corp.                                                                                              | AMNTEC 7.25 08/01/32 144A                                            | CUSIP: 02352BAA3<br>LEI: 2549009FJIBLW40CU216 | Long             | DBT              | CORP              | US        |    360000 | PA      | $372875.40    | 0.11%             | 2032-08-01      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| Ryan Specialty LLC                                                                                                | RYASPE 4.375 02/01/30 144A                                           | CUSIP: 78351MAA0<br>LEI: 549300K52N7QBO3PYY45 | Long             | DBT              | CORP              | US        |     70000 | PA      | $67901.46     | 0.02%             | 2030-02-01      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| Sallie Mae Unlevered - 4.850 12/2055 Class A-FX (Jan26)                                                           | Sallie Mae Unlevered - 4.850 12/2055 Class A-FX (Jan26)              | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    316088 | PA      | $318174.49    | 0.09%             | 2055-12-25      | Fixed         | 4.85%                 | No            |                  3 | On Loan: No      |
| T-Mobile USA, Inc.                                                                                                | TMUS 5.85 02/15/56                                                   | CUSIP: 87264AEA9<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |     47000 | PA      | $45644.23     | 0.01%             | 2056-02-15      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| Com Laude Group Ltd - TL 1L 12/25                                                                                 | Com Laude Group Ltd - TL 1L 12/25                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2366584 | PA      | $2347178.01   | 0.67%             | 2032-12-30      | Floating      | 8.69%                 | No            |                  3 | On Loan: No      |
| Mars Inc.                                                                                                         | MARS 5.2 03/01/35 144A                                               | CUSIP: 571676BA2<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |    197000 | PA      | $198947.16    | 0.06%             | 2035-03-01      | Fixed         | 5.20%                 | Yes           |                  2 | On Loan: No      |
| RESEARCH-DRIVEN PAGAYA MOTOR TRUST 2025-4                                                                         | RPM 2025-4A B                                                        | CUSIP: 76089MAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    643000 | PA      | $640835.92    | 0.18%             | 2034-04-24      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| CLOUD SOFTWARE GROUP HOLDINGS INC                                                                                 | TIBX 6.5 03/31/29 144A                                               | CUSIP: 88632QAE3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     85000 | PA      | $83007.20     | 0.02%             | 2029-03-31      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| MORGAN STANLEY RESIDENTIAL MORTGAGE LOAN TRUST 2025-DSC3                                                          | MSRM 2025-DSC3 B3                                                    | CUSIP: 61779JAJ8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    114728 | PA      | $104803.50    | 0.03%             | 2070-09-25      | Variable      | 7.19%                 | Yes           |                  2 | On Loan: No      |
| John Wood Group PLC - Revolver 1L 09/25                                                                           | John Wood Group PLC - Revolver 1L 09/25                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1680000 | PA      | $1678320.00   | 0.48%             | 2028-10-30      | Floating      | 9.17%                 | Yes           |                  3 | On Loan: No      |
| PacifiCorp.                                                                                                       | BRKHEC 5.35 12/01/53                                                 | CUSIP: 695114CZ9<br>LEI: SGY07Y7FNYBNLM6Z1M11 | Long             | DBT              | CORP              | US        |    295000 | PA      | $253242.05    | 0.07%             | 2053-12-01      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc.                                                                                         | GS V4.939 10/21/36                                                   | CUSIP: 38141GD43<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    372000 | PA      | $360385.73    | 0.10%             | 2036-10-21      | Fixed         | 4.94%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                                                                      | T 4.625 11/15/55                                                     | CUSIP: 912810UP1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5020000 | PA      | $4794100.00   | 1.37%             | 2055-11-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Venture Global Plaquemines Lng LLC                                                                                | VEGLPL 6.125 12/15/30 144A                                           | CUSIP: 922966AE6<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |     60000 | PA      | $61738.56     | 0.02%             | 2030-12-15      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| Freedom Mortgage Holdings LLC                                                                                     | FREMOR 8.375 04/01/32 144A                                           | CUSIP: 35641AAC2<br>LEI: 254900ROJ91RGM43S156 | Long             | DBT              | CORP              | US        |    925000 | PA      | $910874.60    | 0.26%             | 2032-04-01      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| Diebold Nixdorf Incorporated                                                                                      | DBD 7.75 03/31/30 144A                                               | CUSIP: 253651AK9<br>LEI: 549300XZK6EWDBAZSY16 | Long             | DBT              | CORP              | US        |    140000 | PA      | $145927.32    | 0.04%             | 2030-03-31      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| Citibank, National Association                                                                                    | EUR/USD FORWARD                                                      | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              | CORP              | US        |         1 | NC      | $5933.34      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SCIENTIFIC GAMES US FINCO INC                                                                                     | SCGALO 6.625 03/01/30 144A                                           | CUSIP: 80874DAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    465000 | PA      | $400435.73    | 0.11%             | 2030-03-01      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| BX Trust 2018-Bilt                                                                                                | BX 2025-VOLT C                                                       | CUSIP: 05619PAE6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $996232.00    | 0.29%             | 2044-12-15      | Floating      | 6.02%                 | Yes           |                  2 | On Loan: No      |
| The Progressive Corporation                                                                                       | PGR 4.6 03/26/31                                                     | CUSIP: 743315BC6<br>LEI: 529900TACNVLY9DCR586 | Long             | DBT              | CORP              | US        |     48000 | PA      | $48130.53     | 0.01%             | 2031-03-26      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Ardonagh Finco Ltd.                                                                                               | ARDGRP 7.75 02/15/31 144A                                            | CUSIP: 039853AA4<br>LEI: 254900D2T84O1K03BA28 | Long             | DBT              | CORP              | JE        |    570000 | PA      | $577100.49    | 0.17%             | 2031-02-15      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| Discovery Global Holdings Inc.                                                                                    | WBD 4.054 03/15/29 *                                                 | CUSIP: 55903VBY8<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |    430000 | PA      | $416293.75    | 0.12%             | 2029-03-15      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| HUB International Ltd.                                                                                            | HBGCN 7.25 06/15/30 144A                                             | CUSIP: 44332PAH4<br>LEI: 549300JQT6ATTUNS5E06 | Long             | DBT              | CORP              | US        |    625000 | PA      | $640611.88    | 0.18%             | 2030-06-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| Fortna Group Inc - Revolver 1L 01/25                                                                              | Fortna Group Inc - Revolver 1L 01/25                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2554162 | PA      | $2554162.24   | 0.73%             | 2029-06-01      | Floating      | 8.45%                 | Yes           |                  3 | On Loan: No      |
| FREDDIE MAC STACR REMIC TRUST 2020-DNA4                                                                           | STACR 2020-DNA4 B2                                                   | CUSIP: 35565XBE9<br>LEI: 5493000ITFTMJUMPDE35 | Long             | ABS-O            | USGSE             | US        |    240000 | PA      | $317388.67    | 0.09%             | 2050-08-25      | Floating      | 13.78%                | Yes           |                  2 | On Loan: No      |
| BX TRUST 2025-VLT6                                                                                                | BX 2025-VLT6 D                                                       | CUSIP: 12433KAG2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    490000 | PA      | $485681.24    | 0.14%             | 2042-03-17      | Floating      | 6.26%                 | Yes           |                  2 | On Loan: No      |
| Railpros Inc - TL 1L 03/25                                                                                        | Railpros Inc - TL 1L 03/25                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    171070 | PA      | $171070.25    | 0.05%             | 2032-03-07      | Floating      | 7.91%                 | Yes           |                  3 | On Loan: No      |
| Woolpert Inc - TL 1L 09/25                                                                                        | Woolpert Inc - TL 1L 09/25                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2154450 | PA      | $2162420.97   | 0.62%             | 2032-04-05      | Floating      | 8.27%                 | Yes           |                  3 | On Loan: No      |
| BENCHMARK 2018-B7 MORTGAGE TRUST                                                                                  | BMARK 2018-B7 B                                                      | CUSIP: 08162TBE2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    700000 | PA      | $641540.76    | 0.18%             | 2053-05-16      | Variable      | 4.84%                 | No            |                  2 | On Loan: No      |
| Universal Entertainment Corp.                                                                                     | UETMF 9.875 08/01/29 144A                                            | CUSIP: 91349WAC2<br>LEI: 353800BBJTHSMSQ31V91 | Long             | DBT              | CORP              | JP        |    435000 | PA      | $421424.13    | 0.12%             | 2029-08-01      | Fixed         | 9.88%                 | Yes           |                  2 | On Loan: No      |
| Medline Borrower LP                                                                                               | MEDIND 3.875 04/01/29 144A                                           | CUSIP: 62482BAA0<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |    170000 | PA      | $164546.71    | 0.05%             | 2029-04-01      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| ENDO FINANCE HOLDINGS INC                                                                                         | ENDP 8.5 04/15/31 144A                                               | CUSIP: 29281RAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    110000 | PA      | $115263.39    | 0.03%             | 2031-04-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| EMBARQ CORP                                                                                                       | EMBARQ 7.995 06/01/36                                                | CUSIP: 29078EAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    240000 | PA      | $76963.31     | 0.02%             | 2036-06-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| BHG Funding 09 Trust - TL 03/26 Tranche 1 Class E                                                                 | BHG Funding 09 Trust - TL 03/26 Tranche 1 Class E                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     35935 | PA      | $35934.76     | 0.01%             | 2036-03-17      | Floating      | 0.00%                 | No            |                  3 | On Loan: No      |
| Anheuser-Busch InBev Worldwide Inc.                                                                               | ABIBB 5 06/15/34                                                     | CUSIP: 03523TBY3<br>LEI: 549300CRGMZK3K53BF92 | Long             | DBT              | CORP              | US        |     63000 | PA      | $63742.02     | 0.02%             | 2034-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Navient Corp - TL 06/25 Class C                                                                                   | Navient Corp - TL 06/25 Class C                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    401366 | PA      | $401687.45    | 0.12%             | 2026-06-12      | None          | 0.00%                 | Yes           |                  3 | On Loan: No      |
| Univision Communications Inc.                                                                                     | UVN 4.5 05/01/29 144A                                                | CUSIP: 914906AV4<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |    415000 | PA      | $390185.70    | 0.11%             | 2029-05-01      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| CITIBANK, NATIONAL ASSOCIATION                                                                                    | EUR/USD FORWARD                                                      | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              | CORP              | US        |         1 | NC      | $17028.01     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Orion Services Group - TL 1L 11/25                                                                                | Orion Services Group - TL 1L 11/25                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    752475 | PA      | $745326.49    | 0.21%             | 2032-10-15      | Floating      | 8.20%                 | No            |                  3 | On Loan: No      |
| CCO HOLDINGS LLC                                                                                                  | CHTR 4.25 02/01/31 144A                                              | CUSIP: 1248EPCK7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1425000 | PA      | $1299720.56   | 0.37%             | 2031-02-01      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| Kennedy Wilson Inc                                                                                                | KW 4.75 03/01/29                                                     | CUSIP: 489399AL9<br>LEI: 5EA4464UK7FM5QNNKL62 | Long             | DBT              | CORP              | US        |    290000 | PA      | $286014.01    | 0.08%             | 2029-03-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Eaton Corp.                                                                                                       | ETN 4.8 03/06/36                                                     | CUSIP: 278058DZ2<br>LEI: 0NZWDMRCE180888QQE14 | Long             | DBT              | CORP              | US        |    500000 | PA      | $493839.07    | 0.14%             | 2036-03-06      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Avis Budget Rental Car Funding AESOP LLC                                                                          | AESOP 2023-8A D                                                      | CUSIP: 05377RJY1<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $101272.73    | 0.03%             | 2030-02-20      | Fixed         | 7.52%                 | Yes           |                  2 | On Loan: No      |
| Icahn Enterprises, L.P. / Icahn Enterprises Finance Corporation                                                   | IEP 10 11/15/29 144A                                                 | CUSIP: 451102CK1<br>LEI: 549300T0G4GS0SINS786 | Long             | DBT              | CORP              | US        |    235000 | PA      | $231803.58    | 0.07%             | 2029-11-15      | Fixed         | 10.00%                | Yes           |                  2 | On Loan: No      |
| MMP CAPITAL 2025-A LLC                                                                                            | MMP 2025-A B                                                         | CUSIP: 55317QAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    166000 | PA      | $167779.39    | 0.05%             | 2031-12-15      | Fixed         | 5.72%                 | Yes           |                  2 | On Loan: No      |
| EQT Corporation                                                                                                   | EQT 4.75 01/15/31                                                    | CUSIP: 26884LBD0<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | DBT              | CORP              | US        |    165000 | PA      | $164205.61    | 0.05%             | 2031-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| INTERCONTINENTAL EXCHANGE, INC.                                                                                   | CDS CDX.NA.HY.46.V1                                                  | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              | CORP              | US        |         1 | NC      | $446572.50    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Philip Morris International Inc.                                                                                  | PM 2.1 05/01/30                                                      | CUSIP: 718172CP2<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |     86000 | PA      | $78290.52     | 0.02%             | 2030-05-01      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| Novartis Capital Corporation                                                                                      | NOVNVX 4.9 03/18/36                                                  | CUSIP: 66989HBJ6<br>LEI: 5493002KF87V5RSRQS84 | Long             | DBT              | CORP              | US        |     67000 | PA      | $66865.78     | 0.02%             | 2036-03-18      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Horizon CTS Buyer LLC - Revolver 1L 03/25                                                                         | Horizon CTS Buyer LLC - Revolver 1L 03/25                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    146762 | PA      | $146380.92    | 0.04%             | 2032-03-29      | Floating      | 8.42%                 | No            |                  3 | On Loan: No      |
| Davita Inc                                                                                                        | DVA 4.625 06/01/30 144A                                              | CUSIP: 23918KAS7<br>LEI: M2XHYMU3TZNEZURC6H66 | Long             | DBT              | CORP              | US        |    240000 | PA      | $230904.05    | 0.07%             | 2030-06-01      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| PROS Holdings Inc - TL 1L 12/25                                                                                   | PROS Holdings Inc - TL 1L 12/25                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    896104 | PA      | $894311.79    | 0.26%             | 2032-01-15      | Floating      | 8.42%                 | No            |                  3 | On Loan: No      |
| CPS AUTO RECEIVABLES TRUST 2026-A                                                                                 | CPS 2026-A E                                                         | CUSIP: 22410MAE9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $975623.10    | 0.28%             | 2033-08-15      | Fixed         | 6.66%                 | Yes           |                  2 | On Loan: No      |
| Philip Morris International Inc.                                                                                  | PM 1.75 11/01/30                                                     | CUSIP: 718172CS6<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |    128000 | PA      | $113385.97    | 0.03%             | 2030-11-01      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| First Student Bidco Inc / First Transit Parent Inc.                                                               | FRSTST 4 07/31/29 144A                                               | CUSIP: 337120AA7<br>LEI: 254900JEIMV6G5O1PB08 | Long             | DBT              | CORP              | US        |    245000 | PA      | $234708.04    | 0.07%             | 2029-07-31      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Caturus Energy LLC                                                                                                | Caturus Energy LLC                                                   | CUSIP: 49446BAA2<br>LEI: 254900LM244SIFQ1QY31 | Long             | DBT              | CORP              | US        |    530000 | PA      | $550317.55    | 0.16%             | 2030-02-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| Navient Corp - TL 06/25 Class B                                                                                   | Navient Corp - TL 06/25 Class B                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    501480 | PA      | $501530.15    | 0.14%             | 2026-06-12      | None          | 0.00%                 | Yes           |                  3 | On Loan: No      |
| Chubb INA Holdings LLC                                                                                            | CB 4.9 08/15/35                                                      | CUSIP: 171239AM8<br>LEI: CZCBJZWDMLTHWJDXU843 | Long             | DBT              | CORP              | US        |    250000 | PA      | $246259.10    | 0.07%             | 2035-08-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Med-Metrix - Revolver 1L 07/25                                                                                    | Med-Metrix - Revolver 1L 07/25                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   4470487 | PA      | $4474957.49   | 1.28%             | 2032-07-21      | Floating      | 8.17%                 | Yes           |                  3 | On Loan: No      |
| SOUND PNT CLO LTD 2022-33                                                                                         | SNDPT 2022-1A BR                                                     | CUSIP: 83616KAL1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $250027.50    | 0.07%             | 2035-04-25      | Variable      | 5.42%                 | Yes           |                  2 | On Loan: No      |
| Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer Inc                                                  | ALIANT 5.875 11/01/29 144A                                           | CUSIP: 01883LAD5<br>LEI: 5493006Q26653NF8SI73 | Long             | DBT              | CORP              | US        |    275000 | PA      | $266297.41    | 0.08%             | 2029-11-01      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Charter Communications Operating, LLC/Charter Communications Operating Capital Corp.                              | CHTR 6.7 12/01/55                                                    | CUSIP: 161175CT9<br>LEI: 549300TPZNMN50BJ3745 | Long             | DBT              | CORP              | US        |     65000 | PA      | $62164.48     | 0.02%             | 2055-12-01      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| Centene Corp.                                                                                                     | CNC 2.45 07/15/28                                                    | CUSIP: 15135BAY7<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |     75000 | PA      | $69891.64     | 0.02%             | 2028-07-15      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| OneMain Financial Corporation                                                                                     | OMF 7.125 11/15/31                                                   | CUSIP: 682691AG5<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    255000 | PA      | $252876.28    | 0.07%             | 2031-11-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| ClubCorp Club Operations Inc - TL 1L B 07/25                                                                      | ClubCorp Club Operations Inc - TL 1L B 07/25                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2542778 | PA      | $2530827.16   | 0.73%             | 2032-07-10      | Floating      | 8.42%                 | Yes           |                  3 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.                                                                       | 5-Year T-Note Futures, Jun-2026,ETH                                  | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |       295 | NC      | $-254664.25   | -0.07%            |  |  |  | No            |                  1 | On Loan: No      |
| Cloud Software Group Inc.                                                                                         | TIBX 8.25 06/30/32 144A                                              | CUSIP: 18912UAC6<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |    770000 | PA      | $730910.88    | 0.21%             | 2032-06-30      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| VetCorProfessionalPracticesLLC-Revolver1L08/22                                                                    | VetCorProfessionalPracticesLLC-Revolver1L08/22                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     84848 | PA      | $82582.07     | 0.02%             | 2029-08-31      | Floating      | 9.41%                 | No            |                  3 | On Loan: No      |
| ViaSat, Inc.                                                                                                      | VSAT 6.5 07/15/28 144A                                               | CUSIP: 92552VAN0<br>LEI: UFC8NYMNFSYIHNSM2I38 | Long             | DBT              | CORP              | US        |    110000 | PA      | $108790.46    | 0.03%             | 2028-07-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Service Logic LLC - Revolver 1L 12/25                                                                             | Service Logic LLC - Revolver 1L 12/25                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     28618 | PA      | $28348.89     | 0.01%             | 2032-12-16      | Floating      | 10.25%                | No            |                  3 | On Loan: No      |
| DT Midstream Inc                                                                                                  | DTMINC 4.375 06/15/31 144A                                           | CUSIP: 23345MAB3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    210000 | PA      | $202493.46    | 0.06%             | 2031-06-15      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC / (Albertsons Safeway LLC)                  | ACI 5.75 03/31/34 144A                                               | CUSIP: 01309QAD0<br>LEI: 549300YKWOC0AOR16R51 | Long             | DBT              | CORP              | US        |    365000 | PA      | $357552.65    | 0.10%             | 2034-03-31      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Mineral Resources Ltd.                                                                                            | MINAU 9.25 10/01/28 144A                                             | CUSIP: 603051AE3<br>LEI: 5299007V1ACKFFX2P066 | Long             | DBT              | CORP              | AU        |    120000 | PA      | $124442.70    | 0.04%             | 2028-10-01      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| DIRECTV FINANCING LLC                                                                                             | DTV 5.875 08/15/27 144A                                              | CUSIP: 25461LAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     64000 | PA      | $63971.92     | 0.02%             | 2027-08-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| American Credit Acceptance Receivables Trust 2014/1                                                               | ACAR 2022-4 E                                                        | CUSIP: 02529XAE5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    700000 | PA      | $708453.48    | 0.20%             | 2030-01-14      | Fixed         | 10.00%                | Yes           |                  2 | On Loan: No      |
| Hess Midstream Operations LP                                                                                      | HESM 5.875 03/01/28 144A                                             | CUSIP: 428102AH0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     30000 | PA      | $30210.18     | 0.01%             | 2028-03-01      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| New Fortress Energy Inc.                                                                                          | New Fortress Energy Inc. COM CL A                                    | CUSIP: 644393100<br>LEI: 254900EICTYTCHA5X705 | Long             | EC               | CORP              | US        |     10819 | NS      | $6383.21      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| UNLOCK HEA TRUST 2025-2                                                                                           | UNLOK 2025-2 A                                                       | CUSIP: 914917AA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    320049 | PA      | $317170.31    | 0.09%             | 2041-11-25      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Cleveland-Cliffs Inc                                                                                              | CLF 7 03/15/32 144A                                                  | CUSIP: 185899AP6<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |    155000 | PA      | $150164.36    | 0.04%             | 2032-03-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| UNLOCK HEA TRUST 2025-2                                                                                           | UNLOK 2025-2 B                                                       | CUSIP: 914917AB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    168000 | PA      | $163675.78    | 0.05%             | 2041-11-25      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| NEFCO Corp - TL 1L 01/26                                                                                          | NEFCO Corp - TL 1L 01/26                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    736842 | PA      | $734999.90    | 0.21%             | 2033-01-13      | Floating      | 8.24%                 | No            |                  3 | On Loan: No      |
| FREDDIE MAC STACR REMIC TRUST 2020-DNA2                                                                           | STACR 2020-DNA2 B2                                                   | CUSIP: 35565KBE7<br>LEI: 5493007ZK0X40BI7UF30 | Long             | ABS-O            | USGSE             | US        |   1500000 | PA      | $1649398.80   | 0.47%             | 2050-02-25      | Floating      | 8.58%                 | Yes           |                  2 | On Loan: No      |
| Bank of America Corp.                                                                                             | BAC V5.045 02/06/37                                                  | CUSIP: 060505GR9<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    600000 | PA      | $592258.91    | 0.17%             | 2037-02-06      | Fixed         | 5.04%                 | No            |                  2 | On Loan: No      |
| PECO Energy Co.                                                                                                   | EXC 5.65 09/15/55                                                    | CUSIP: 693304BJ5<br>LEI: YH65D4JBECK76IFEJ279 | Long             | DBT              | CORP              | US        |    250000 | PA      | $246228.83    | 0.07%             | 2055-09-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| AGS Health - TL 1L B 07/25                                                                                        | AGS Health - TL 1L B 07/25                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1340918 | PA      | $1327508.91   | 0.38%             | 2032-07-31      | Floating      | 8.17%                 | No            |                  3 | On Loan: No      |
| UnitedHealth Group Inc.                                                                                           | UNH 5.95 06/15/55                                                    | CUSIP: 91324PFR8<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |     98000 | PA      | $98798.58     | 0.03%             | 2055-06-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Vermont Information Processing Inc - TL 1L 01/25                                                                  | Vermont Information Processing Inc - TL 1L 01/25                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1430901 | PA      | $1415018.15   | 0.41%             | 2032-01-30      | Floating      | 8.45%                 | No            |                  3 | On Loan: No      |
| United States Treasury Notes                                                                                      | T 3.875 03/31/28                                                     | CUSIP: 91282CQH7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    180800 | PA      | $181082.50    | 0.05%             | 2028-03-31      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Finastra (fka Misys plc)                                                                                          | Finastra (fka Misys plc) First-lien Term Loan 400 2032-07-19         | CUSIP: 31772YAD8<br>LEI: 549300ZB2RO6QC7YTK71 | Long             | LON              | CORP              | US        |    485000 | PA      | $456159.96    | 0.13%             | 2032-09-15      | Floating      | 7.67%                 | No            |                  2 | On Loan: No      |
| MESA Trust 2025-1 - MESA TRUST 2025-1 B                                                                           | MESA Trust 2025-1 - MESA TRUST 2025-1 B                              | CUSIP: 590929AB1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    217410 | PA      | $217301.30    | 0.06%             | 2060-06-25      | Fixed         | 5.70%                 | No            |                  3 | On Loan: No      |
| Marsh & McLennan Companies, Inc.                                                                                  | MRSH 5.4 09/15/33                                                    | CUSIP: 571748BU5<br>LEI: 549300XMP3KDCKJXIU47 | Long             | DBT              | CORP              | US        |    162000 | PA      | $167134.73    | 0.05%             | 2033-09-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Follett Software Co - TL 1L 04/25                                                                                 | Follett Software Co - TL 1L 04/25                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2464927 | PA      | $2464926.74   | 0.71%             | 2031-08-31      | Floating      | 8.17%                 | Yes           |                  3 | On Loan: No      |
| Oracle Corp.                                                                                                      | ORCL 5.7 02/04/36                                                    | CUSIP: 68389XDZ5<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    262000 | PA      | $252023.49    | 0.07%             | 2036-02-04      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Orion Services Group - TL 1L DD 11/25                                                                             | Orion Services Group - TL 1L DD 11/25                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     49505 | PA      | $49034.70     | 0.01%             | 2032-10-15      | Floating      | 8.21%                 | No            |                  3 | On Loan: No      |
| Avis Budget Rental Car Funding AESOP LLC                                                                          | AESOP 2023-6A D                                                      | CUSIP: 05377RJU9<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $101641.99    | 0.03%             | 2029-12-20      | Fixed         | 7.37%                 | Yes           |                  2 | On Loan: No      |
| Wand Newco 3 Inc                                                                                                  | CALCOL 7.625 01/30/32 144A                                           | CUSIP: 933940AA6<br>LEI: 549300Y3VZEWMSQW8494 | Long             | DBT              | CORP              | US        |     55000 | PA      | $56266.76     | 0.02%             | 2032-01-30      | Fixed         | 7.62%                 | Yes           |                  2 | On Loan: No      |
| Santander Mortgage Asset Receivable Trust 2025-NQM4                                                               | SAN 2025-NQM4 XS                                                     | CUSIP: 80263BAL3<br>LEI: 254900P9WEZD48ETI035 | Long             | ABS-O            | CORP              | US        |  10431121 | PA      | $339227.37    | 0.10%             | 2065-07-25      | Variable      | 0.01%                 | Yes           |                  2 | On Loan: No      |
| Merit 2026-1 DAC                                                                                                  | MERIT 2026-1A A                                                      | CUSIP: 590023AA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | IE        |    559000 | PA      | $551769.34    | 0.16%             | 2040-02-15      | Fixed         | 4.85%                 | Yes           |                  2 | On Loan: No      |
| AT&T Inc                                                                                                          | T 3.5 09/15/53                                                       | CUSIP: 00206RKJ0<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    300000 | PA      | $196867.75    | 0.06%             | 2053-09-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Light & Wonder International Inc.                                                                                 | LNW 7.25 11/15/29 144A                                               | CUSIP: 80874YBE9<br>LEI: RLTHESQ0RNFQJWPBJN60 | Long             | DBT              | CORP              | US        |     85000 | PA      | $86689.38     | 0.02%             | 2029-11-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| Trivium Packaging Finance BV                                                                                      | TRIVIU 12.25 01/15/31 144A                                           | CUSIP: 89686QAC0<br>LEI: 724500GMZWW3PVYET548 | Long             | DBT              | CORP              | NL        |    230000 | PA      | $249202.47    | 0.07%             | 2031-01-15      | Fixed         | 12.25%                | Yes           |                  2 | On Loan: No      |
| Methanex Corporation                                                                                              | MXCN 5.125 10/15/27                                                  | CUSIP: 59151KAM0<br>LEI: 549300TSJHRXT9QXRD13 | Long             | DBT              | CORP              | CA        |    235000 | PA      | $233674.69    | 0.07%             | 2027-10-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| COLT 2024-4 MORTGAGE LOAN TRUST                                                                                   | COLT 2024-4 B2                                                       | CUSIP: 19688WAF5<br>LEI: 213800KKXAZ8LJ3W5A65 | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1013100.00   | 0.29%             | 2069-07-25      | Variable      | 7.78%                 | Yes           |                  2 | On Loan: No      |
| American Community Finance LLC - 6.460 05/2031 SSN                                                                | American Community Finance LLC - 6.460 05/2031 SSN                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3111111 | PA      | $3182044.33   | 0.91%             | 2031-05-30      | Fixed         | 6.46%                 | No            |                  3 | On Loan: No      |
| BHG Funding 09 Trust - TL 03/26 Tranche 1 Class D                                                                 | BHG Funding 09 Trust - TL 03/26 Tranche 1 Class D                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     21468 | PA      | $21467.52     | 0.01%             | 2036-03-17      | Floating      | 0.00%                 | No            |                  3 | On Loan: No      |
| HTL COMMERCIAL MORTGAGE TRUST 2024-T53                                                                            | HTL 2024-T53 D                                                       | CUSIP: 404300AG0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    150000 | PA      | $152064.21    | 0.04%             | 2039-05-12      | Variable      | 8.20%                 | Yes           |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.                                                                       | 2-Year T-Note Futures, Jun-2026,ETH                                  | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |        50 | NC      | $-36139.37    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| SMB PRIVATE EDUCATION LOAN TRUST 2022-D                                                                           | SMB 2022-D C                                                         | CUSIP: 78454XAD6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     67765 | PA      | $69251.27     | 0.02%             | 2058-10-15      | Fixed         | 6.58%                 | Yes           |                  2 | On Loan: No      |
| Carnival Corporation                                                                                              | CCL 6.125 02/15/33 144A                                              | CUSIP: 143658BX9<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |    395000 | PA      | $399159.35    | 0.11%             | 2033-02-15      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| Kennedy Wilson Inc                                                                                                | KW 4.75 02/01/30                                                     | CUSIP: 489399AN5<br>LEI: 5EA4464UK7FM5QNNKL62 | Long             | DBT              | CORP              | US        |    535000 | PA      | $535559.15    | 0.15%             | 2030-02-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-05-29

**Name of Applicant:** Capital Group KKR Multi-Sector (plus)

**Signature:** Scott Lewis

**Name of Signer:** Scott Lewis

**Title:** Lead Analyst