# EDGAR Filing Document

**Accession Number:** 0000809707
**File Stem:** 0001752724-23-067947
**Filing Date:** 2023-3
**Character Count:** 133355
**Document Hash:** e1c58f8e9202e829657831f8634f8808
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-067947.hdr.sgml**: 20230327

**ACCESSION NUMBER**: 0001752724-23-067947

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20230131

**FILED AS OF DATE**: 20230327

**DATE AS OF CHANGE**: 20230327

**PERIOD START**: 20231031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Franklin Investors Securities Trust
- **CENTRAL INDEX KEY:** 0000809707
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04986
- **FILM NUMBER:** 23764142

**BUSINESS ADDRESS:**
- **STREET 1:** ONE FRANKLIN PARKWAY
- **CITY:** SAN MATEO
- **STATE:** CA
- **ZIP:** 94403-1906
- **BUSINESS PHONE:** 650-312-2200

**MAIL ADDRESS:**
- **STREET 1:** ONE FRANKLIN PARKWAY
- **CITY:** SAN MATEO
- **STATE:** CA
- **ZIP:** 94403-1906

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FRANKLIN INVESTORS SECURITIES TRUST
- **DATE OF NAME CHANGE:** 19920703

## Series and Classes Contracts Data

### FRANKLIN FLOATING RATE DAILY ACCESS FUND (Series ID: S000006853)

| Class ID   | Class Name    | Ticker Symbol   |
|:---|:---|:---|
| C000018517 | Class A       | FAFRX           |
| C000018519 | Class C       | FCFRX           |
| C000018520 | Advisor Class | FDAAX           |
| C000128879 | Class R6      | FFRDX           |

## Nport-Ex

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## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Franklin Investors Securities Trust

- **b. Investment Company Act file number:** 811-04986

- **c. CIK number of Registrant:** 0000809707

- **d. LEI of Registrant:** 549300XUGIR9DEQFV548

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

  - **Street Address 1:** One Franklin Parkway

  - **City:** San Mateo

  - **State:** CA

  - **Foreign country:** US

  - **Zip / Postal Code:** 94403-1906

  - **Telephone number:** 650-312-2000

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

- **a. Name of Series:** Franklin Floating Rate Daily Access Fund

- **b. EDGAR series identifier (if any):** S000006853

- **c. LEI of Series:** NDVQZJLQKYEB9K3LB498

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

- **a. Date of fiscal year-end:** 2023-10-31

- **b. Date as of which information is reported:** 2023-01-31

**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:** $1313727903.08

**Total Liabilities:** $24127796.30

**Net Assets:** $1289600106.78

**Delayed Delivery Securities:** $18964059.29

**Cash Not Reported:** $1250270.73

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 0.00000000 | **1-Year:** -553.42000000 | **5-Year:** -5253.16000000 | **10-Year:** -2811.06000000 | **30-Year:** 0.00000000

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

- **3-Month:** -603.57000000 | **1-Year:** -50317.04000000 | **5-Year:** -308703.84000000 | **10-Year:** -30409.88000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000128879 | 2.01%                | 0.14%                | 2.67%                |
| Class ID C000018517 | 1.84%                | 0.11%                | 2.65%                |
| Class ID C000018519 | 1.95%                | 0.08%                | 2.48%                |
| Class ID C000018520 | 2.00%                | 0.13%                | 2.67%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-4176263.04             | $22648728.80                               |
| Month 2  | $-2881280.81             | $-6271585.24                               |
| Month 3  | $4198784.80              | $22105113.29                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Radiology Partners, Inc.                                                     | Radiology Partners, Inc., First Lien Term Loan B                                                | CUSIP: 75041EAB8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   5575184 | PA      | $4844611.81   | 0.38%             | 2025-07-09      | Variable      | 8.80%                 | No            |                  2 | On Loan: No      |
| UKG, Inc.                                                                    | UKG, Inc., First Lien Term Loan                                                                 | CUSIP: 90385KAB7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   4229774 | PA      | $4195132.00   | 0.33%             | 2026-05-04      | Variable      | 8.58%                 | No            |                  2 | On Loan: No      |
| McAfee Corp.                                                                 | McAfee Corp., Term Loan B-1                                                                     | CUSIP: 57906HAD9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   6818394 | PA      | $6452996.70   | 0.50%             | 2029-03-01      | Variable      | 8.18%                 | No            |                  2 | On Loan: No      |
| Organon & Co.                                                                | Organon & Co., Term Loan                                                                        | CUSIP: 68621XAE3<br>LEI: 549300AMCKY57OK2CO56 | Long             | LON              | CORP              | US        |   4236342 | PA      | $4237655.61   | 0.33%             | 2028-06-02      | Variable      | 7.75%                 | No            |                  2 | On Loan: No      |
| QUIKRETE Holdings, Inc.                                                      | QUIKRETE Holdings, Inc., First Lien Term Loan B1                                                | CUSIP: 74839XAG4<br>LEI: 5493007KIN86DIZWZT22 | Long             | LON              | CORP              | US        |      9925 | PA      | $9903.56      | 0.00%             | 2029-03-18      | Variable      | 7.57%                 | No            |                  2 | On Loan: No      |
| Kenan Advantage Group, Inc. (The)                                            | Kenan Advantage Group, Inc. (The), Term Loan B-1                                                | CUSIP: 48853UBE9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   7490749 | PA      | $7423632.33   | 0.58%             | 2026-03-24      | Variable      | 8.32%                 | No            |                  2 | On Loan: No      |
| Asurion LLC                                                                  | Asurion LLC, Second Lien Term Loan B-4                                                          | CUSIP: 04649VBA7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   6752294 | PA      | $5680401.46   | 0.44%             | 2029-01-20      | Variable      | 9.82%                 | No            |                  2 | On Loan: No      |
| Virgin Media Bristol LLC                                                     | Virgin Media Bristol LLC, Term Loan                                                             | CUSIP: G9368PBE3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   4555393 | PA      | $4565005.06   | 0.35%             | 2029-01-31      | Variable      | 7.71%                 | No            |                  2 | On Loan: No      |
| Sitel Group                                                                  | Sitel Group, Term Loan                                                                          | CUSIP: 82981MAC6<br>LEI: N/A                  | Long             | LON              | CORP              | LU        |   4075130 | PA      | $4081079.40   | 0.32%             | 2028-08-28      | Variable      | 8.32%                 | No            |                  2 | On Loan: No      |
| Amentum Government Services Holdings LLC                                     | Amentum Government Services Holdings LLC, First Lien Term Loan                                  | CUSIP: 57776DAE3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |  12074285 | PA      | $11930902.90  | 0.93%             | 2029-02-15      | Variable      | 8.12%                 | No            |                  2 | On Loan: No      |
| Primary Products Finance LLC                                                 | Primary Products Finance LLC, Term Loan B                                                       | CUSIP: 74167NAC7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1993066 | PA      | $1981675.58   | 0.15%             | 2029-04-01      | Variable      | 8.74%                 | No            |                  2 | On Loan: No      |
| Aptean Acquiror, Inc.                                                        | Aptean Acquiror, Inc., First Lien Term Loan                                                     | CUSIP: 03834WAQ8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3354530 | PA      | $3217044.91   | 0.25%             | 2026-04-23      | Variable      | 8.98%                 | No            |                  2 | On Loan: No      |
| Russell Investments US Institutional Holdco, Inc.                            | Russell Investments US Institutional Holdco, Inc., Term Loan                                    | CUSIP: 78249LAD2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2507985 | PA      | $2463580.84   | 0.19%             | 2025-05-30      | Variable      | 8.07%                 | No            |                  2 | On Loan: No      |
| Altice France SA                                                             | Altice France SA, Term Loan 13                                                                  | CUSIP: F6628DAM6<br>LEI: 5493001ZMCICV4N02J21 | Long             | LON              | CORP              | FR        |         0 | PA      | $0.06         | 0.00%             | 2026-08-14      | Variable      | 8.65%                 | No            |                  2 | On Loan: No      |
| WW International, Inc.                                                       | WW International, Inc.                                                                          | CUSIP: 98262PAA9<br>LEI: SGT8R1MU6ESIC7UJC518 | Long             | DBT              | CORP              | US        |   3500000 | PA      | $1868992.30   | 0.14%             | 2029-04-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| UKG, Inc.                                                                    | UKG, Inc., Second Lien Term Loan                                                                | CUSIP: 90385KAJ0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2954019 | PA      | $2840067.98   | 0.22%             | 2027-05-03      | Variable      | 10.03%                | No            |                  2 | On Loan: No      |
| Gray Television, Inc.                                                        | Gray Television, Inc., Term Loan B2                                                             | CUSIP: 389376AX2<br>LEI: 529900TM5726KDN7UU35 | Long             | LON              | CORP              | US        |   1714171 | PA      | $1716528.17   | 0.13%             | 2024-02-07      | Variable      | 6.87%                 | No            |                  2 | On Loan: No      |
| Pre-Paid Legal Services, Inc.                                                | Pre-Paid Legal Services, Inc., First Lien Term Loan                                             | CUSIP: 74006LAS1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1434468 | PA      | $1413488.54   | 0.11%             | 2028-12-15      | Variable      | 8.32%                 | No            |                  2 | On Loan: No      |
| Caesars Resort Collection LLC                                                | Caesars Resort Collection LLC, Term Loan B1                                                     | CUSIP: 12769LAD1<br>LEI: 549300V3UCT773B1KR38 | Long             | LON              | CORP              | US        |    963874 | PA      | $965030.73    | 0.07%             | 2025-07-21      | Variable      | 8.07%                 | No            |                  2 | On Loan: No      |
| FR Franklin LLC                                                              | Franklin Floating Rate Income Fund                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             |  | RF                | US        |   4630114 | NS      | $36022285.55  | 2.79%             |  |  |  | No            |                  2 | On Loan: No      |
| Jane Street Group LLC                                                        | Jane Street Group LLC, Term Loan                                                                | CUSIP: 47077DAG5<br>LEI: 5493002N1IVX6KHGYO08 | Long             | LON              | CORP              | US        |   3495496 | PA      | $3489221.34   | 0.27%             | 2028-01-26      | Variable      | 7.32%                 | No            |                  2 | On Loan: No      |
| Grifols Worldwide Operations Ltd.                                            | Grifols Worldwide Operations Ltd., Term Loan B                                                  | CUSIP: 39843PAG8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2000000 | PA      | $1967360.00   | 0.15%             | 2027-11-15      | Variable      | 6.57%                 | No            |                  2 | On Loan: No      |
| Peraton Corp.                                                                | Peraton Corp., Term Loan B                                                                      | CUSIP: 71360HAB3<br>LEI: 549300EQPCK07ZW63836 | Long             | LON              | CORP              | US        |  12803830 | PA      | $12759016.91  | 0.99%             | 2028-02-01      | Variable      | 8.32%                 | No            |                  2 | On Loan: No      |
| Millennium Laboratories Ltd.                                                 | Millennium Corporate Claim Trust, Escrow Account                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | IN        |  13585837 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| PECF USS Intermediate Holding III Corp.                                      | PECF USS Intermediate Holding III Corp., Term Loan                                              | CUSIP: 69291LAB2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   5485609 | PA      | $4715237.44   | 0.37%             | 2028-12-15      | Variable      | 8.82%                 | No            |                  2 | On Loan: No      |
| Cornerstone OnDemand, Inc.                                                   | Cornerstone OnDemand, Inc., First Lien Term Loan                                                | CUSIP: 86803YAB9<br>LEI: 549300Z402F16H5EGH48 | Long             | LON              | CORP              | US        |   2242112 | PA      | $2071150.80   | 0.16%             | 2028-10-16      | Variable      | 8.32%                 | No            |                  2 | On Loan: No      |
| Kestrel Bidco, Inc.                                                          | Kestrel Bidco, Inc., Term Loan                                                                  | CUSIP: C4927UAB8<br>LEI: N/A                  | Long             | LON              | CORP              | CA        |  11776908 | PA      | $11343399.77  | 0.88%             | 2026-12-11      | Variable      | 7.51%                 | No            |                  2 | On Loan: No      |
| FINThrive Software Intermediate Holdings, Inc.                               | FINThrive Software Intermediate Holdings, Inc., Second Lien Term Loan                           | CUSIP: 58404KAK1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    779707 | PA      | $552375.97    | 0.04%             | 2029-12-17      | Variable      | 11.32%                | No            |                  2 | On Loan: No      |
| ADMI Corp.                                                                   | ADMI Corp., Term Loan                                                                           | CUSIP: 00709LAH0<br>LEI: 5493008U1LYGMQWO7N12 | Long             | LON              | CORP              | US        |   5086266 | PA      | $4700981.56   | 0.36%             | 2027-12-23      | Variable      | 7.94%                 | No            |                  2 | On Loan: No      |
| Atlas Purchaser, Inc.                                                        | Atlas Purchaser, Inc., First Lien Term Loan                                                     | CUSIP: 04939JAC0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1913057 | PA      | $1439575.48   | 0.11%             | 2028-05-08      | Variable      | 8.68%                 | No            |                  2 | On Loan: No      |
| eResearchTechnology, Inc.                                                    | eResearchTechnology, Inc., First Lien Term Loan                                                 | CUSIP: 29481PAH4<br>LEI: 2549003SUFVGC903CK03 | Long             | LON              | CORP              | US        |   2943244 | PA      | $2763485.16   | 0.21%             | 2027-02-04      | Variable      | 9.07%                 | No            |                  2 | On Loan: No      |
| AssuredPartners, Inc.                                                        | AssuredPartners, Inc., Term Loan                                                                | CUSIP: 04621HAT0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2983703 | PA      | $2955268.45   | 0.23%             | 2027-02-12      | Variable      | 8.06%                 | No            |                  2 | On Loan: No      |
| Playtika Holding Corp.                                                       | Playtika Holding Corp., Term Loan B-1                                                           | CUSIP: 72814CAF5<br>LEI: 254900E35Z4TKA4UFG64 | Long             | LON              | CORP              | US        |   4118561 | PA      | $4089071.74   | 0.32%             | 2028-03-13      | Variable      | 7.32%                 | No            |                  2 | On Loan: No      |
| TK Elevator Midco GmbH                                                       | TK Elevator Midco GmbH, Term Loan B1                                                            | CUSIP: D9000BAD4<br>LEI: N/A                  | Long             | LON              | CORP              | DE        |   4017490 | PA      | $3952768.23   | 0.31%             | 2027-07-30      | Variable      | 6.87%                 | No            |                  2 | On Loan: No      |
| Mitchell International, Inc.                                                 | Mitchell International, Inc., First Lien Term Loan                                              | CUSIP: 60662WAS1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   5584936 | PA      | $5346710.88   | 0.41%             | 2028-10-15      | Variable      | 8.41%                 | No            |                  2 | On Loan: No      |
| Univision Communications, Inc.                                               | Univision Communications, Inc., First Lien Term Loan                                            | CUSIP: 914908BB3<br>LEI: 549300YQDE2JSGTL8V47 | Long             | LON              | CORP              | US        |   5159157 | PA      | $5085458.25   | 0.39%             | 2029-01-31      | Variable      | 7.82%                 | No            |                  2 | On Loan: No      |
| Asurion LLC                                                                  | Asurion LLC, Second Lien Term Loan B-3                                                          | CUSIP: 04649VAZ3<br>LEI: 549300KNQVXGIOXWK278 | Long             | LON              | CORP              | US        |   6496342 | PA      | $5452054.65   | 0.42%             | 2028-01-31      | Variable      | 9.82%                 | No            |                  2 | On Loan: No      |
| Phoenix Newco, Inc.                                                          | Phoenix Newco, Inc., First Lien Term Loan                                                       | CUSIP: 71911KAC8<br>LEI: 254900PHGVI5379Z9791 | Long             | LON              | CORP              | US        |   6239047 | PA      | $6197214.27   | 0.48%             | 2028-11-15      | Variable      | 7.63%                 | No            |                  2 | On Loan: No      |
| Zayo Group Holdings, Inc.                                                    | Zayo Group Holdings, Inc., Term Loan                                                            | CUSIP: 98919XAB7<br>LEI: 529900Z6OTS7RT0V0I47 | Long             | LON              | CORP              | US        |   1755569 | PA      | $1479417.84   | 0.11%             | 2027-03-09      | Variable      | 7.57%                 | No            |                  2 | On Loan: No      |
| Cloudera, Inc.                                                               | Cloudera, Inc., First Lien Term Loan                                                            | CUSIP: 74339VAB4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   6018300 | PA      | $5801851.83   | 0.45%             | 2028-10-08      | Variable      | 8.32%                 | No            |                  2 | On Loan: No      |
| Hyland Software, Inc.                                                        | Hyland Software, Inc., First Lien Term Loan                                                     | CUSIP: 44908XAT5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   9445664 | PA      | $9436549.12   | 0.73%             | 2024-07-01      | Variable      | 8.07%                 | No            |                  2 | On Loan: No      |
| Go Daddy Operating Co., LLC / GD Finance Co, Inc.                            | Go Daddy Operating Co., LLC / GD Finance Co, Inc., Term Loan                                    | CUSIP: 38017BAT3<br>LEI: 5493005GJOH8HLL11157 | Long             | LON              | CORP              | US        |    698413 | PA      | $701908.26    | 0.05%             | 2029-11-09      | Variable      | 7.81%                 | No            |                  2 | On Loan: No      |
| Polaris Newco LLC                                                            | Polaris Newco LLC, First Lien Term Loan                                                         | CUSIP: 73108RAB4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   4827435 | PA      | $4594366.30   | 0.36%             | 2028-06-02      | Variable      | 8.73%                 | No            |                  2 | On Loan: No      |
| Energizer Holdings, Inc.                                                     | Energizer Holdings, Inc., Term Loan                                                             | CUSIP: 29267YAS1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1711125 | PA      | $1710055.07   | 0.13%             | 2027-12-22      | Variable      | 6.81%                 | No            |                  2 | On Loan: No      |
| MPH Acquisition Holdings LLC                                                 | MPH Acquisition Holdings LLC, Term Loan                                                         | CUSIP: 55328HAK7<br>LEI: 5493002WXOPRPTXWTU06 | Long             | LON              | CORP              | US        |   4848451 | PA      | $4374199.52   | 0.34%             | 2028-09-01      | Variable      | 8.98%                 | No            |                  2 | On Loan: No      |
| Avis Budget Car Rental LLC                                                   | Avis Budget Car Rental LLC, Term Loan C                                                         | CUSIP: 05377JAS1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1687250 | PA      | $1688658.85   | 0.13%             | 2029-03-16      | Variable      | 8.16%                 | No            |                  2 | On Loan: No      |
| Aveanna Healthcare LLC                                                       | Aveanna Healthcare LLC, First Lien Term Loan                                                    | CUSIP: 05549DAJ7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   5534402 | PA      | $4552045.53   | 0.35%             | 2028-07-17      | Variable      | 8.14%                 | No            |                  2 | On Loan: No      |
| Medical Solutions Holdings, Inc.                                             | Medical Solutions Holdings, Inc., First Lien Term Loan                                          | CUSIP: 58462QAH4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   7175301 | PA      | $6953619.80   | 0.54%             | 2028-11-01      | Variable      | 8.07%                 | No            |                  2 | On Loan: No      |
| Tiger Acquisition LLC                                                        | Tiger Acquisition LLC, First Lien Term Loan                                                     | CUSIP: 88675UAB8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   5312630 | PA      | $5173598.28   | 0.40%             | 2028-06-01      | Variable      | 7.82%                 | No            |                  2 | On Loan: No      |
| Cushman & Wakefield U.S. Borrower LLC                                        | Cushman & Wakefield U.S. Borrower LLC, Term Loan                                                | CUSIP: 23340DAP7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |      9798 | PA      | $9774.88      | 0.00%             | 2025-08-21      | Variable      | 7.13%                 | No            |                  2 | On Loan: No      |
| Onsite Rental Group Operations Pty. Ltd.                                     | Onsite Rental Group Operations Pty. Ltd.                                                        | CUSIP: N/A<br>LEI: 5493008YQUVFPVW2VW35       | Long             | EC               | CORP              | AU        |  11563612 | NS      | $1795675.18   | 0.14%             |  |  |  | No            |                  3 | On Loan: No      |
| AMC Entertainment Holdings, Inc./ AMC Entertainment, Inc.                    | AMC Entertainment Holdings, Inc./ AMC Entertainment, Inc., Term Loan B1                         | CUSIP: 00164DAQ6<br>LEI: 549300ZO77UNR6NRBR11 | Long             | LON              | CORP              | US        |   1964286 | PA      | $1168396.43   | 0.09%             | 2026-04-22      | Variable      | 7.43%                 | No            |                  2 | On Loan: No      |
| Cloudera, Inc.                                                               | Cloudera, Inc., Second Lien Term Loan                                                           | CUSIP: 74339VAE8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2723140 | PA      | $2403171.49   | 0.19%             | 2029-10-08      | Variable      | 10.57%                | No            |                  2 | On Loan: No      |
| Univision Communications, Inc.                                               | Univision Communications, Inc., First Lien Term Loan                                            | CUSIP: 914908BC1<br>LEI: 549300YQDE2JSGTL8V47 | Long             | LON              | CORP              | US        |   2293035 | PA      | $2273131.77   | 0.18%             | 2026-03-15      | Variable      | 7.82%                 | No            |                  2 | On Loan: No      |
| Epicor Software Corp. / Eagle Parent, Inc.                                   | Epicor Software Corp. / Eagle Parent Inc., Term Loan C                                          | CUSIP: 29426NAN4<br>LEI: JGNXVGGGXR4O1L5I7S73 | Long             | LON              | CORP              | US        |   8187931 | PA      | $8056064.43   | 0.62%             | 2027-07-30      | Variable      | 7.82%                 | No            |                  2 | On Loan: No      |
| Penn National Gaming, Inc.                                                   | Penn National Gaming, Inc., Term Loan B                                                         | CUSIP: 70757DAZ2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3568552 | PA      | $3570532.17   | 0.28%             | 2029-05-03      | Variable      | 7.41%                 | No            |                  2 | On Loan: No      |
| Onsite Rental Group Operations Pty. Ltd.                                     | Onsite Rental Group Operations Pty. Ltd.                                                        | CUSIP: N/A<br>LEI: 5493008YQUVFPVW2VW35       | Long             | DBT              | CORP              | AU        |  21096262 | PA      | $22672991.35  | 1.76%             | 2023-10-26      | None          | 0.00%                 | No            |                  3 | On Loan: No      |
| ASP Unifrax Holdings, Inc.                                                   | ASP Unifrax Holdings, Inc.                                                                      | CUSIP: 90473LAA0<br>LEI: 549300RRU6BWJLD0YT71 | Long             | DBT              | CORP              | US        |   1935400 | PA      | $1660533.21   | 0.13%             | 2028-09-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Icon Public Ltd. Co.                                                         | Icon Public Ltd. Co., Term Loan                                                                 | CUSIP: L5000DAD9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1085795 | PA      | $1087157.91   | 0.08%             | 2028-07-03      | Variable      | 7.00%                 | No            |                  2 | On Loan: No      |
| Bausch Health Cos., Inc.                                                     | Bausch Health Cos., Inc., Second Lien Term Loan                                                 | CUSIP: C9413PBD4<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | LON              | CORP              | CA        |   1655503 | PA      | $1281234.93   | 0.10%             | 2027-02-01      | Variable      | 9.83%                 | No            |                  2 | On Loan: No      |
| Hilton Grand Vacations Borrower LLC                                          | Hilton Grand Vacations Borrower LLC, Term Loan                                                  | CUSIP: 43283LAH4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   6754331 | PA      | $6765779.18   | 0.52%             | 2028-08-02      | Variable      | 7.57%                 | No            |                  2 | On Loan: No      |
| Citadel Securities LP                                                        | Citadel Securities LP, Term Loan                                                                | CUSIP: 17288YAD4<br>LEI: 549300NV5RXBUS3X7L47 | Long             | LON              | CORP              | US        |   4536052 | PA      | $4530790.19   | 0.35%             | 2028-02-02      | Variable      | 7.18%                 | No            |                  2 | On Loan: No      |
| Petco Health and Wellness Co., Inc.                                          | Petco Health and Wellness Co., Inc., First Lien Term Loan                                       | CUSIP: 71601HAB2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   5351591 | PA      | $5305059.37   | 0.41%             | 2028-03-03      | Variable      | 8.09%                 | No            |                  2 | On Loan: No      |
| Millennium Ltd.                                                              | Millennium Lender Claim Trust, Escrow Account                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |  13585837 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Vmed O2 UK Financing I plc                                                   | Vmed O2 UK Financing I plc                                                                      | CUSIP: 92858RAA8<br>LEI: 213800MRR46ECNGZ7L69 | Long             | DBT              | CORP              | GB        |   1430000 | PA      | $1195994.80   | 0.09%             | 2031-01-31      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Michaels Cos., Inc. (The)                                                    | Michaels Cos., Inc. (The), Term Loan B                                                          | CUSIP: 59408UAB3<br>LEI: 549300H9LWMBP7HYLR98 | Long             | LON              | CORP              | US        |   3858872 | PA      | $3561025.32   | 0.28%             | 2028-04-15      | Variable      | 8.98%                 | No            |                  2 | On Loan: No      |
| Edelman Financial Engines Center LLC (The)                                   | Edelman Financial Engines Center LLC (The), First Lien Term Loan                                | CUSIP: 27943UAK2<br>LEI: 549300Z31KZXNP05U733 | Long             | LON              | CORP              | US        |   4185665 | PA      | $4109025.95   | 0.32%             | 2028-04-07      | Variable      | 8.07%                 | No            |                  2 | On Loan: No      |
| Madison IAQ LLC                                                              | Madison IAQ LLC                                                                                 | CUSIP: 55759VAB4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   6518987 | PA      | $6252457.84   | 0.48%             | 2028-06-21      | Variable      | 7.99%                 | No            |                  2 | On Loan: No      |
| SCIH Salt Holdings, Inc.                                                     | SCIH Salt Holdings, Inc., First Lien Term Loan B-1                                              | CUSIP: 78397GAF8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   5182647 | PA      | $5088296.47   | 0.39%             | 2027-03-16      | Variable      | 8.41%                 | No            |                  2 | On Loan: No      |
| Great Outdoors Group LLC                                                     | Great Outdoors Group LLC, Term Loan B-2                                                         | CUSIP: 07014QAN1<br>LEI: 549300IYLDI2E8I2AU46 | Long             | LON              | CORP              | US        |   3659921 | PA      | $3608682.45   | 0.28%             | 2028-03-06      | Variable      | 8.32%                 | No            |                  2 | On Loan: No      |
| Conair Holdings LLC                                                          | Conair Holdings LLC, First Lien Term Loan                                                       | CUSIP: 20600RAB8<br>LEI: 549300804G00T34FLV17 | Long             | LON              | CORP              | US        |   8041521 | PA      | $6961665.23   | 0.54%             | 2028-05-17      | Variable      | 8.48%                 | No            |                  2 | On Loan: No      |
| Sunshine Luxembourg VII SARL                                                 | Sunshine Luxembourg VII SARL, Term Loan B3                                                      | CUSIP: L8908YAE8<br>LEI: 254900CHQOBZNYV4DY60 | Long             | LON              | CORP              | LU        |  11527775 | PA      | $11317392.79  | 0.88%             | 2026-10-01      | Variable      | 8.48%                 | No            |                  2 | On Loan: No      |
| First Brands Group LLC                                                       | First Brands Group LLC, First Lien Term Loan                                                    | CUSIP: 31935HAD9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   7680202 | PA      | $7553478.49   | 0.59%             | 2027-03-30      | Variable      | 8.37%                 | No            |                  2 | On Loan: No      |
| Astro One Acquisition Corp.                                                  | Astro One Acquisition Corp., First Lien Term Loan B                                             | CUSIP: 04638LAG0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   6039000 | PA      | $4046130.00   | 0.31%             | 2028-09-15      | Variable      | 10.23%                | No            |                  2 | On Loan: No      |
| William Morris Endeavor Entertainment LLC / IMG Worldwide Holdings LLC       | William Morris Endeavor Entertainment LLC / IMG Worldwide Holdings LLC, First Lien Term Loan B1 | CUSIP: 96925HAF9<br>LEI: 5493008R7J9HEQ30DZ33 | Long             | LON              | CORP              | US        |   2099514 | PA      | $2091273.22   | 0.16%             | 2025-05-18      | Variable      | 7.26%                 | No            |                  2 | On Loan: No      |
| Mauser Packaging Solutions Holding Co.                                       | Mauser Packaging Solutions Holding Co., Term Loan                                               | CUSIP: 05604XAP1<br>LEI: 549300DNGHXL0OMHW304 | Long             | LON              | CORP              | US        |   4007551 | PA      | $3979378.14   | 0.31%             | 2024-04-03      | Variable      | 7.62%                 | No            |                  2 | On Loan: No      |
| Pactiv Evergreen, Inc.                                                       | Pactiv Evergreen, Inc., Term Loan B3                                                            | CUSIP: 76173FAY3<br>LEI: 5493002QNV81KCX40V06 | Long             | LON              | CORP              | US        |   1545865 | PA      | $1541806.75   | 0.12%             | 2028-09-24      | Variable      | 7.82%                 | No            |                  2 | On Loan: No      |
| Restoration Hardware, Inc.                                                   | Restoration Hardware, Inc., Term Loan                                                           | CUSIP: 76133MAC5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2143000 | PA      | $2095457.55   | 0.16%             | 2028-10-20      | Variable      | 7.91%                 | No            |                  2 | On Loan: No      |
| Altice France SA                                                             | Altice France SA                                                                                | CUSIP: 02156LAF8<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |   2000000 | PA      | $1572420.00   | 0.12%             | 2029-07-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| First Brands Group LLC                                                       | First Brands Group LLC, Term Loan                                                               | CUSIP: 31935HAG2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1500000 | PA      | $1447500.00   | 0.11%             | 2027-03-30      | Variable      | 10.25%                | No            |                  2 | On Loan: No      |
| Whatabrands LLC                                                              | Whatabrands LLC, Term Loan B                                                                    | CUSIP: 96244UAF4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   4191241 | PA      | $4155300.99   | 0.32%             | 2028-08-03      | Variable      | 7.82%                 | No            |                  2 | On Loan: No      |
| Shearer's Foods LLC                                                          | Shearer's Foods LLC, First Lien Term Loan                                                       | CUSIP: 82087UAL1<br>LEI: 549300AQWIJSYS2CIH04 | Long             | LON              | CORP              | US        |   1647067 | PA      | $1620919.56   | 0.13%             | 2027-09-23      | Variable      | 8.07%                 | No            |                  2 | On Loan: No      |
| Prime Security Services Borrower LLC                                         | Prime Security Services Borrower LLC, First Lien Term Loan B-1                                  | CUSIP: 03765VAK6<br>LEI: 549300O6QPZVWXV2DC15 | Long             | LON              | CORP              | US        |   6682423 | PA      | $6686599.36   | 0.52%             | 2026-09-23      | Variable      | 7.52%                 | No            |                  2 | On Loan: No      |
| Alliant Holdings Intermediate LLC                                            | Alliant Holdings Intermediate, Term Loan                                                        | CUSIP: 01881UAE5<br>LEI: 5493006Q26653NF8SI73 | Long             | LON              | CORP              | US        |   6162484 | PA      | $6165041.66   | 0.48%             | 2025-05-09      | Variable      | 7.82%                 | No            |                  2 | On Loan: No      |
| Banijay Entertainment SASU                                                   | Banijay Entertainment SASU                                                                      | CUSIP: 060335AA4<br>LEI: 969500CE0IE2EZ5VBG13 | Long             | DBT              | CORP              | FR        |   1900000 | PA      | $1835856.00   | 0.14%             | 2025-03-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Vision Solutions, Inc. / Precisely Software, Inc.                            | Vision Solutions, Inc. / Precisely Software, Inc., First Lien Term Loan                         | CUSIP: 70477BAE2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   4940530 | PA      | $4355077.24   | 0.34%             | 2028-04-24      | Variable      | 8.82%                 | No            |                  2 | On Loan: No      |
| Woof Holdings, Inc.                                                          | Woof Holdings, Inc., First Lien Term Loan                                                       | CUSIP: 98082EAB0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   5986428 | PA      | $5717038.77   | 0.44%             | 2027-12-21      | Variable      | 8.26%                 | No            |                  2 | On Loan: No      |
| American Trailer World Corp.                                                 | American Trailer World Corp., First Lien Term Loan                                              | CUSIP: 03028BAB3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   8139039 | PA      | $7180463.77   | 0.56%             | 2028-03-03      | Variable      | 8.41%                 | No            |                  2 | On Loan: No      |
| APX Group, Inc.                                                              | APX Group, Inc., Term Loan                                                                      | CUSIP: 00213NAM4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3125009 | PA      | $3101196.23   | 0.24%             | 2028-07-10      | Variable      | 7.70%                 | No            |                  2 | On Loan: No      |
| KUEHG Corp. / KC MergerSub, Inc.                                             | KUEHG Corp. / KC MergerSub, Inc., Term Loan B3                                                  | CUSIP: 48244EAJ3<br>LEI: 549300YNT566T1NYJX62 | Long             | LON              | CORP              | US        |   6996840 | PA      | $6821499.55   | 0.53%             | 2025-02-21      | Variable      | 8.48%                 | No            |                  2 | On Loan: No      |
| Quarternorth Energy Holding, Inc.                                            | Quarternorth Energy Holding, Inc.                                                               | CUSIP: N/A<br>LEI: 549300BC3OH5VUTNXB92       | Long             |  | CORP              | US        |    105425 | NS      | $14654075.00  | 1.14%             |  |  |  | No            |                  2 | On Loan: No      |
| 99 Escrow Issuer, Inc.                                                       | 99 Escrow Issuer, Inc.                                                                          | CUSIP: 65442QAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2419355 | PA      | $1172423.26   | 0.09%             | 2026-01-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Allied Universal Holdco LLC / USAGM Holdco LLC                               | Allied Universal Holdco LLC / USAGM Holdco LLC, Term Loan                                       | CUSIP: 01957TAH0<br>LEI: 98450038B4549046D794 | Long             | LON              | CORP              | US        |   4063327 | PA      | $3922085.62   | 0.30%             | 2028-05-12      | Variable      | 8.41%                 | No            |                  2 | On Loan: No      |
| AAdvantage Loyality IP Ltd. / American Airlines, Inc.                        | AAdvantage Loyality IP Ltd. / American Airlines, Inc., Term Loan                                | CUSIP: 02376CBJ3<br>LEI: N/A                  | Long             | LON              | CORP              | KY        |   4054364 | PA      | $4169650.28   | 0.32%             | 2028-04-20      | Variable      | 9.56%                 | No            |                  2 | On Loan: No      |
| DexKo Global, Inc.                                                           | DexKo Global, Inc., First Lien Term Loan                                                        | CUSIP: 25213YAU9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3628159 | PA      | $3364681.67   | 0.26%             | 2028-10-04      | Variable      | 8.48%                 | No            |                  2 | On Loan: No      |
| Learning Care Group (US) No. 2, Inc.                                         | Learning Care Group (US) No. 2, Inc., First Lien Term Loan                                      | CUSIP: 52201CAC5<br>LEI: 5493000VMN44LK8QID23 | Long             | LON              | CORP              | US        |   3784160 | PA      | $3486157.86   | 0.27%             | 2025-03-13      | Variable      | 8.06%                 | No            |                  2 | On Loan: No      |
| Weatherford International Ltd.                                               | Weatherford International Ltd.                                                                  | CUSIP: 947075AT4<br>LEI: 549300A2JKMG5PGOGF82 | Long             | DBT              | CORP              | BM        |    714300 | PA      | $711499.94    | 0.06%             | 2028-09-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| athenahealth Group, Inc.                                                     | athenahealth Group, Inc., Term Loan                                                             | CUSIP: 04686RAB9<br>LEI: 254900AA3KZN4Q7A5Z33 | Long             | LON              | CORP              | US        |  13212542 | PA      | $12557398.47  | 0.97%             | 2029-02-15      | Variable      | 8.01%                 | No            |                  2 | On Loan: No      |
| Rocket Software, Inc.                                                        | Rocket Software, Inc., First Lien Term Loan                                                     | CUSIP: 77313DAN1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |      9134 | PA      | $9039.18      | 0.00%             | 2025-11-28      | Variable      | 8.82%                 | No            |                  2 | On Loan: No      |
| Global Tel*Link Corp.                                                        | Global Tel*Link Corp., First Lien Term Loan                                                     | CUSIP: 37959JAB7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |  11880693 | PA      | $10453109.26  | 0.81%             | 2025-11-29      | Variable      | 9.08%                 | No            |                  2 | On Loan: No      |
| CNT Holding I Corp.                                                          | CNT Holding I Corp., First Lien Term Loan                                                       | CUSIP: 12656AAC3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   5987169 | PA      | $5924962.29   | 0.46%             | 2027-11-08      | Variable      | 8.13%                 | No            |                  2 | On Loan: No      |
| Global Tel*Link Corp.                                                        | Global Tel*Link Corp., Second Lien Term Loan                                                    | CUSIP: 37959JAE1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   7895149 | PA      | $6016103.85   | 0.47%             | 2026-11-29      | Variable      | 14.83%                | No            |                  2 | On Loan: No      |
| IGT Holding IV AB                                                            | IGT Holding IV AB, Term Loan B2                                                                 | CUSIP: W5000CAB3<br>LEI: N/A                  | Long             | LON              | CORP              | SE        |   1287232 | PA      | $1287232.31   | 0.10%             | 2028-03-31      | Variable      | 8.13%                 | No            |                  2 | On Loan: No      |
| Clear Channel Outdoor Holdings, Inc.                                         | Clear Channel Outdoor Holdings, Inc., Term Loan B                                               | CUSIP: 18452RAD7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   4486645 | PA      | $4279138.02   | 0.33%             | 2026-08-21      | Variable      | 8.32%                 | No            |                  2 | On Loan: No      |
| Calpine Corp.                                                                | Calpine Corp.                                                                                   | CUSIP: 131347CM6<br>LEI: 43R4VPJBXTU2O15HEF41 | Long             | DBT              | CORP              | US        |   4400000 | PA      | $4066568.88   | 0.32%             | 2028-02-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Air Canada                                                                   | Air Canada, Term Loan                                                                           | CUSIP: C0102MAP0<br>LEI: N/A                  | Long             | LON              | CORP              | CA        |   4293222 | PA      | $4304706.45   | 0.33%             | 2028-08-11      | Variable      | 8.13%                 | No            |                  2 | On Loan: No      |
| Ardagh Packaging Finance plc / Ardagh Holdings USA, Inc.                     | Ardagh Packaging Finance plc / Ardagh Holdings USA, Inc.                                        | CUSIP: 03969AAN0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3800000 | PA      | $3472668.00   | 0.27%             | 2026-08-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| iHeartCommunications, Inc. / Clear Channel Communications, Inc.              | iHeartCommunications, Inc. / Clear Channel Communications, Inc.                                 | CUSIP: 45174UAF5<br>LEI: 54930076J6KDZL504O62 | Long             | LON              | CORP              | US        |   2166667 | PA      | $2139735.00   | 0.17%             | 2026-05-01      | Variable      | 7.57%                 | No            |                  2 | On Loan: No      |
| INEOS Styrolution Group GmbH                                                 | INEOS Styrolution Group GmbH, Term Loan                                                         | CUSIP: G4770MAH7<br>LEI: N/A                  | Long             | LON              | CORP              | DE        |   8058586 | PA      | $8056571.34   | 0.62%             | 2026-01-29      | Variable      | 7.32%                 | No            |                  2 | On Loan: No      |
| AssuredPartners, Inc.                                                        | AssuredPartners, Inc., Term Loan                                                                | CUSIP: 04621HAN3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   8887180 | PA      | $8807551.29   | 0.68%             | 2027-02-12      | Variable      | 8.07%                 | No            |                  2 | On Loan: No      |
| GoTo Group, Inc.                                                             | GoTo Group, Inc., Second Lien Term Loan                                                         | CUSIP: 54142KAD3<br>LEI: 549300D12V5KRBV00592 | Long             | LON              | CORP              | US        |   5847932 | PA      | $3282151.82   | 0.25%             | 2027-08-31      | Variable      | 9.30%                 | No            |                  2 | On Loan: No      |
| UTEX Industries, Inc.                                                        | UTEX Industries, Inc.                                                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    261340 | NS      | $17248440.00  | 1.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Central Parent, Inc.                                                         | Central Parent, Inc., First Lien Term Loan                                                      | CUSIP: 15477BAB3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1542857 | PA      | $1541653.71   | 0.12%             | 2029-07-06      | Variable      | 9.08%                 | No            |                  2 | On Loan: No      |
| Hunter Douglas Holding B.V.                                                  | Hunter Douglas Holding B.V., Term Loan B1                                                       | CUSIP: N8137FAB6<br>LEI: N/A                  | Long             | LON              | CORP              | NL        |   1890500 | PA      | $1743400.20   | 0.14%             | 2029-02-26      | Variable      | 7.86%                 | No            |                  2 | On Loan: No      |
| Alinea CLO Ltd.                                                              | Alinea CLO Ltd., Series 2018-1A, Class C                                                        | CUSIP: 016269AC6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   7000000 | PA      | $6737782.82   | 0.52%             | 2031-07-20      | Floating      | 6.71%                 | No            |                  2 | On Loan: No      |
| Directv Financing LLC / Directv Financing Co-Obligor, Inc.                   | Directv Financing LLC / Directv Financing Co-Obligor, Inc.                                      | CUSIP: 25461LAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4300000 | PA      | $3901304.00   | 0.30%             | 2027-08-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Ivanti Software, Inc.                                                        | Ivanti Software, Inc., First Lien Term Loan                                                     | CUSIP: 46583DAF6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    301044 | PA      | $249679.81    | 0.02%             | 2027-12-01      | Variable      | 8.73%                 | No            |                  2 | On Loan: No      |
| Cornerstone Building Brands, Inc.                                            | Cornerstone Building Brands, Inc., Term Loan B                                                  | CUSIP: 72431HAD2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2917799 | PA      | $2739463.01   | 0.21%             | 2028-04-12      | Variable      | 7.71%                 | No            |                  2 | On Loan: No      |
| Motion Acquisition Ltd.                                                      | Motion Acquisition Ltd., Term Loan B2                                                           | CUSIP: L6526BAE4<br>LEI: N/A                  | Long             | LON              | CORP              | GB        |    639364 | PA      | $631438.75    | 0.05%             | 2026-11-12      | Variable      | 7.98%                 | No            |                  2 | On Loan: No      |
| Ingenovis Health, Inc.                                                       | Ingenovis Health, Inc., First Lien Term Loan                                                    | CUSIP: 12510MAB5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   6235596 | PA      | $6064117.22   | 0.47%             | 2028-03-06      | Variable      | 8.32%                 | No            |                  2 | On Loan: No      |
| Adient US LLC                                                                | Adient US LLC, Term Loan B1                                                                     | CUSIP: 00687MAC5<br>LEI: 213800SOTRCDGZUHL712 | Long             | LON              | CORP              | US        |   8529741 | PA      | $8519078.78   | 0.66%             | 2028-04-10      | Variable      | 7.82%                 | No            |                  2 | On Loan: No      |
| White Cap Supply Holdings LLC                                                | White Cap Supply Holdings LLC, Term Loan                                                        | CUSIP: 96350TAC4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2932875 | PA      | $2914544.53   | 0.23%             | 2027-10-19      | Variable      | 8.31%                 | No            |                  2 | On Loan: No      |
| American Airlines Inc/AAdvantage Loyalty IP Ltd.                             | American Airlines Inc/AAdvantage Loyalty IP Ltd.                                                | CUSIP: 00253XAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5800000 | PA      | $5692467.42   | 0.44%             | 2026-04-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Red Planet Borrower LLC                                                      | Red Planet Borrower LLC, Term Loan                                                              | CUSIP: 57165KAB2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3432604 | PA      | $2283917.32   | 0.18%             | 2028-10-02      | Variable      | 8.32%                 | No            |                  2 | On Loan: No      |
| CPC Acquisition Corp.                                                        | CPC Acquisition Corp., First Lien Term Loan                                                     | CUSIP: 12656UAB1<br>LEI: 254900UFA4AMH3PZZW32 | Long             | LON              | CORP              | US        |   3047692 | PA      | $2521964.83   | 0.20%             | 2027-12-29      | Variable      | 8.48%                 | No            |                  2 | On Loan: No      |
| Kleopatra Finco SARL                                                         | Kleopatra Finco SARL, Term Loan B                                                               | CUSIP: 49865NAT7<br>LEI: N/A                  | Long             | LON              | CORP              | LU        |   4375178 | PA      | $3915784.11   | 0.30%             | 2026-02-12      | Variable      | 8.26%                 | No            |                  2 | On Loan: No      |
| Pactiv Evergreen Group Issuer, Inc./Pactiv Evergreen Group Issuer LLC        | Pactiv Evergreen Group Issuer, Inc./Pactiv Evergreen Group Issuer LLC                           | CUSIP: 76174LAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2247250.00   | 0.17%             | 2027-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| US Radiology Specialists, Inc. / US Outpatient Imaging Services, Inc.        | US Radiology Specialists, Inc. / US Outpatient Imaging Services, Inc., Term Loan                | CUSIP: 90372AAJ7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1619557 | PA      | $1550734.33   | 0.12%             | 2027-12-15      | Variable      | 9.88%                 | No            |                  2 | On Loan: No      |
| Acrisure LLC                                                                 | Acrisure LLC, First Lien Term Loan                                                              | CUSIP: 00488PAN5<br>LEI: 549300R0Z1Q47XRTGO22 | Long             | LON              | CORP              | US        |   2254076 | PA      | $2181528.66   | 0.17%             | 2027-02-15      | Variable      | 8.32%                 | No            |                  2 | On Loan: No      |
| Naked Juice LLC                                                              | Naked Juice LLC, First Lien Term Loan                                                           | CUSIP: 62984CAD5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1762929 | PA      | $1629290.00   | 0.13%             | 2029-01-24      | Variable      | 7.93%                 | No            |                  2 | On Loan: No      |
| Highline Aftermarket Acquisition LLC                                         | Highline Aftermarket Acquisition LLC, First Lien Term Loan                                      | CUSIP: 43110HAC3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    625148 | PA      | $602227.15    | 0.05%             | 2027-11-09      | Variable      | 9.07%                 | No            |                  2 | On Loan: No      |
| 24 Hour Fitness Worldwide, Inc.                                              | 24 Hour Fitness Worldwide, Inc., Term Loan                                                      | CUSIP: 938HUZII2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |  22724460 | PA      | $1959984.68   | 0.15%             | 2025-12-29      | Variable      | 9.73%                 | No            |                  2 | On Loan: No      |
| GFL Environmental, Inc.                                                      | GFL Environmental, Inc.                                                                         | CUSIP: 36168QAM6<br>LEI: 549300FYK4MBXWIVZU26 | Long             | DBT              | CORP              | CA        |   2300000 | PA      | $2054107.00   | 0.16%             | 2028-09-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Delta Air Lines, Inc. / SkyMiles IP Ltd.                                     | Delta Air Lines, Inc. / SkyMiles IP Ltd.                                                        | CUSIP: 830867AA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5500000 | PA      | $5435882.71   | 0.42%             | 2025-10-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Jazz Pharmaceuticals plc                                                     | Jazz Pharmaceuticals plc, Term Loan                                                             | CUSIP: G5080AAF9<br>LEI: 635400WUEO2NSG5OIU34 | Long             | LON              | CORP              | LU        |   7537667 | PA      | $7538835.55   | 0.58%             | 2028-05-05      | Variable      | 8.07%                 | No            |                  2 | On Loan: No      |
| GNC Holdings LLC                                                             | GNC Holdings LLC, Second Lien Term Loan                                                         | CUSIP: 36260UAB8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |  17352089 | PA      | $16115752.29  | 1.25%             | 2026-10-07      | Variable      | 10.35%                | No            |                  2 | On Loan: No      |
| Champ Acquisition Corp.                                                      | Champ Acquisition Corp., First Lien Term Loan                                                   | CUSIP: 15807EAC6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   4853409 | PA      | $4856466.78   | 0.38%             | 2025-12-19      | Variable      | 10.23%                | No            |                  2 | On Loan: No      |
| Mitchell International, Inc.                                                 | Mitchell International, Inc., Second Lien Term Loan                                             | CUSIP: 60662WAU6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    428571 | PA      | $368640.00    | 0.03%             | 2029-10-15      | Variable      | 11.23%                | No            |                  2 | On Loan: No      |
| LaserShip, Inc.                                                              | LaserShip, Inc., First Lien Term Loan                                                           | CUSIP: 51809EAB1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   6933964 | PA      | $5205916.44   | 0.40%             | 2028-05-07      | Variable      | 9.23%                 | No            |                  2 | On Loan: No      |
| Hunter Holdco 3 Ltd.                                                         | Hunter Holdco 3 Ltd., First Lien Term Loan                                                      | CUSIP: 12509YAE6<br>LEI: N/A                  | Long             | LON              | CORP              | GB        |   4841520 | PA      | $4811260.12   | 0.37%             | 2028-08-19      | Variable      | 8.98%                 | No            |                  2 | On Loan: No      |
| Alloy Finco Ltd.                                                             | Alloy Finco Ltd., Term Loan B                                                                   | CUSIP: G0300CAC7<br>LEI: N/A                  | Long             | LON              | CORP              | JE        |  11320756 | PA      | $9254717.96   | 0.72%             | 2025-03-06      | Variable      | 0.50%                 | No            |                  2 | On Loan: No      |
| Radiate Holdco LLC                                                           | Radiate Holdco LLC, Term Loan                                                                   | CUSIP: 75025KAH1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   7738557 | PA      | $6485413.81   | 0.50%             | 2026-09-25      | Variable      | 7.82%                 | No            |                  2 | On Loan: No      |
| RealTruck Group, Inc.                                                        | RealTruck Group, Inc., Term Loan                                                                | CUSIP: 89778PAG2<br>LEI: 54930007KT5CX7XNSD31 | Long             | LON              | CORP              | US        |   8526553 | PA      | $7696194.29   | 0.60%             | 2028-01-31      | Variable      | 8.32%                 | No            |                  2 | On Loan: No      |
| Mauser Packaging Solutions Holding Co.                                       | Mauser Packaging Solutions Holding Co.                                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   8000000 | PA      | $7940000.00   | 0.62%             | 2030-01-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| 24 Hour Fitness Worldwide, Inc.                                              | 24 Hour Fitness Worldwide, Inc.                                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EP               | CORP              | US        |    681685 | NS      | $10225.28     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Hub International Ltd.                                                       | Hub International Ltd., Term Loan                                                               | CUSIP: 44332EAV8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    956897 | PA      | $957642.93    | 0.07%             | 2029-11-10      | Variable      | 8.22%                 | No            |                  2 | On Loan: No      |
| Dynasty Acquisition Co., Inc.                                                | Dynasty Acquisition Co., Inc., Term Loan B-1                                                    | CUSIP: 26812CAE6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |         0 | PA      | $0.17         | 0.00%             | 2026-04-06      | Variable      | 8.16%                 | No            |                  2 | On Loan: No      |
| Sovos Compliance LLC                                                         | Sovos Compliance LLC, First Lien Term Loan                                                      | CUSIP: 84611YAB6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2140402 | PA      | $2070453.36   | 0.16%             | 2028-08-11      | Variable      | 9.07%                 | No            |                  2 | On Loan: No      |
| Triton Water Holdings, Inc.                                                  | Triton Water Holdings, Inc., First Lien Term Loan                                               | CUSIP: 89678QAB2<br>LEI: 5493005IYCEL7QJFZZ63 | Long             | LON              | CORP              | US        |   3019821 | PA      | $2882433.87   | 0.22%             | 2028-03-31      | Variable      | 8.23%                 | No            |                  2 | On Loan: No      |
| Park River Holdings, Inc.                                                    | Park River Holdings, Inc., First Lien Term Loan                                                 | CUSIP: 70082HAC0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   5492230 | PA      | $5009380.54   | 0.39%             | 2027-12-28      | Variable      | 8.00%                 | No            |                  2 | On Loan: No      |
| Barracuda Parent LLC                                                         | Barracuda Parent LLC, First Lien Term Loan                                                      | CUSIP: 06832FAB3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   5459620 | PA      | $5297796.87   | 0.41%             | 2029-08-15      | Variable      | 9.18%                 | No            |                  2 | On Loan: No      |
| First Student Bidco, Inc.                                                    | First Student Bidco, Inc., Term Loan B                                                          | CUSIP: 33718FAD2<br>LEI: 2549006DRO2F06AA1391 | Long             | LON              | CORP              | US        |   4412743 | PA      | $4176793.47   | 0.32%             | 2028-07-21      | Variable      | 7.73%                 | No            |                  2 | On Loan: No      |
| ASP Unifrax Holdings, Inc.                                                   | ASP Unifrax Holdings, Inc., First Lien Term Loan                                                | CUSIP: 00216UAC7<br>LEI: 549300RRU6BWJLD0YT71 | Long             | LON              | CORP              | US        |   5238812 | PA      | $4758046.02   | 0.37%             | 2025-12-12      | Variable      | 8.48%                 | No            |                  2 | On Loan: No      |
| WW International, Inc.                                                       | WW International, Inc., Term Loan                                                               | CUSIP: 92941PAC7<br>LEI: SGT8R1MU6ESIC7UJC518 | Long             | LON              | CORP              | US        |   2181981 | PA      | $1310999.50   | 0.10%             | 2028-04-13      | Variable      | 8.07%                 | No            |                  2 | On Loan: No      |
| MH Sub I LLC / Micro Holding Corp.                                           | MH Sub I LLC / Micro Holding Corp., First Lien Term Loan                                        | CUSIP: 45567YAJ4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3055149 | PA      | $3026751.38   | 0.23%             | 2024-09-13      | Variable      | 8.32%                 | No            |                  2 | On Loan: No      |
| DCert Buyer, Inc.                                                            | DCert Buyer, Inc., First Lien Term Loan                                                         | CUSIP: 24022KAB5<br>LEI: 549300EF826JEEUCHZ67 | Long             | LON              | CORP              | US        |  12152015 | PA      | $12029583.93  | 0.93%             | 2026-10-16      | Variable      | 8.70%                 | No            |                  2 | On Loan: No      |
| United Airlines, Inc.                                                        | United Airlines, Inc.                                                                           | CUSIP: 90932LAG2<br>LEI: K1OQBWM7XEOO08LDNP29 | Long             | DBT              | CORP              | US        |   2485000 | PA      | $2362054.38   | 0.18%             | 2026-04-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Raptor Acquisition Corp.                                                     | Raptor Acquisition Corp., First Lien Term Loan B                                                | CUSIP: C4111RAE5<br>LEI: 549300FU60SSFLTE0M84 | Long             | LON              | CORP              | CA        |   7390959 | PA      | $7356332.73   | 0.57%             | 2026-11-01      | Variable      | 8.75%                 | No            |                  2 | On Loan: No      |
| Mercury Borrower, Inc.                                                       | Mercury Borrower, Inc., First Lien Term Loan                                                    | CUSIP: 03836BAB5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   5924406 | PA      | $5754078.97   | 0.45%             | 2028-08-02      | Variable      | 8.25%                 | No            |                  2 | On Loan: No      |
| Thrasio LLC                                                                  | Thrasio LLC, Term Loan                                                                          | CUSIP: 88552XAC8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2462312 | PA      | $2154522.62   | 0.17%             | 2026-12-18      | Variable      | 11.17%                | No            |                  2 | On Loan: No      |
| CCI Buyer, Inc.                                                              | CCI Buyer, Inc., First Lien Term Loan                                                           | CUSIP: 12510EAC1<br>LEI: 254900TMV7DAFRQALU04 | Long             | LON              | CORP              | US        |   5968073 | PA      | $5871092.13   | 0.46%             | 2027-12-17      | Variable      | 8.58%                 | No            |                  2 | On Loan: No      |
| AssuredPartners, Inc.                                                        | AssuredPartners, Inc., Term Loan                                                                | CUSIP: 04621HAU7<br>LEI: 549300HNDSDQWQ3L2P80 | Long             | LON              | CORP              | US        |    787500 | PA      | $788976.56    | 0.06%             | 2027-02-12      | Variable      | 8.81%                 | No            |                  2 | On Loan: No      |
| Osmosis Buyer Ltd.                                                           | Osmosis Buyer Ltd., Term Loan B                                                                 | CUSIP: 00132UAL8<br>LEI: N/A                  | Long             | LON              | CORP              | GB        |   2187832 | PA      | $2146350.31   | 0.17%             | 2028-07-31      | Variable      | 7.90%                 | No            |                  2 | On Loan: No      |
| Waystar Technologies, Inc.                                                   | Waystar Technologies, Inc., First Lien Term Loan                                                | CUSIP: 63939WAG8<br>LEI: 549300BIRBTAWWHCSZ09 | Long             | LON              | CORP              | US        |  13761520 | PA      | $13701382.19  | 1.06%             | 2026-10-22      | Variable      | 8.57%                 | No            |                  2 | On Loan: No      |
| Motion Acquisition Ltd.                                                      | Motion Acquisition Ltd., Term Loan B1                                                           | CUSIP: L6526BAD6<br>LEI: N/A                  | Long             | LON              | CORP              | GB        |   4484812 | PA      | $4429222.51   | 0.34%             | 2026-11-12      | Variable      | 7.98%                 | No            |                  2 | On Loan: No      |
| SCIH Salt Holdings, Inc.                                                     | SCIH Salt Holdings, Inc.                                                                        | CUSIP: 78433BAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3900000 | PA      | $3437050.50   | 0.27%             | 2028-05-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Pathway Vet Alliance LLC                                                     | Pathway Vet Alliance LLC, First Lien Term Loan                                                  | CUSIP: 70323KAE8<br>LEI: 2549001HRKTHAW7MOH74 | Long             | LON              | CORP              | US        |   5701556 | PA      | $4785230.12   | 0.37%             | 2027-03-31      | Variable      | 8.32%                 | No            |                  2 | On Loan: No      |
| Hexion Holdings Corp.                                                        | Hexion Holdings Corp., First Lien Term Loan                                                     | CUSIP: 00217XAB2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   6766000 | PA      | $6131687.50   | 0.48%             | 2029-03-15      | Variable      | 8.93%                 | No            |                  2 | On Loan: No      |
| Perrigo Co. plc                                                              | Perrigo Co. plc, Term Loan B                                                                    | CUSIP: 71429TAC4<br>LEI: N/A                  | Long             | LON              | CORP              | IE        |   3205649 | PA      | $3217669.72   | 0.25%             | 2029-04-20      | Variable      | 7.16%                 | No            |                  2 | On Loan: No      |
| Flutter Entertainment plc                                                    | Flutter Entertainment plc, Term Loan B                                                          | CUSIP: N8233BAE2<br>LEI: 635400VFWPBIKJK6GN11 | Long             | LON              | CORP              | NL        |   1084852 | PA      | $1088247.66   | 0.08%             | 2028-07-22      | Variable      | 8.09%                 | No            |                  2 | On Loan: No      |
| Cyanco Intermediate 2 Corp.                                                  | Cyanco Intermediate 2 Corp., First Lien Term Loan                                               | CUSIP: 23243FAB1<br>LEI: 5493006OSO3M1UC12172 | Long             | LON              | CORP              | US        |   6099816 | PA      | $5977819.62   | 0.46%             | 2025-03-16      | Variable      | 8.07%                 | No            |                  2 | On Loan: No      |
| Evergreen Acqco 1 LP                                                         | Evergreen AcqCo 1 LP, Term Loan                                                                 | CUSIP: 30015FAG1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3976463 | PA      | $3942921.35   | 0.31%             | 2028-04-26      | Variable      | 10.34%                | No            |                  2 | On Loan: No      |
| Ineos US Finance LLC                                                         | Ineos US Finance LLC, Term Loan                                                                 | CUSIP: G4768PAL5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1480000 | PA      | $1481457.80   | 0.11%             | 2027-11-08      | Variable      | 8.41%                 | No            |                  2 | On Loan: No      |
| Dryden 40 Senior Loan Fund                                                   | Dryden 40 Senior Loan Fund, Series 2015-40A, Class CR                                           | CUSIP: 26244GAJ4<br>LEI: 549300BH0PFEW6WVTN52 | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $1932840.67   | 0.15%             | 2031-08-15      | Floating      | 6.71%                 | No            |                  2 | On Loan: No      |
| Phoenix Guarantor, Inc.                                                      | Phoenix Guarantor, Inc., First Lien, Term Loan, B3                                              | CUSIP: 71913BAH5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   4634567 | PA      | $4583888.35   | 0.36%             | 2026-03-05      | Variable      | 8.07%                 | No            |                  2 | On Loan: No      |
| First Student Bidco, Inc. / First Transit Parent, Inc.                       | First Student Bidco, Inc. / First Transit Parent, Inc.                                          | CUSIP: 337120AA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $416951.80    | 0.03%             | 2029-07-31      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Flynn Restaurant Group LP                                                    | Flynn Restaurant Group LP, First Lien Term Loan                                                 | CUSIP: 34410JAF8<br>LEI: 5493008VE8TQONGO3817 | Long             | LON              | CORP              | US        |   5914557 | PA      | $5777161.68   | 0.45%             | 2028-11-22      | Variable      | 8.82%                 | No            |                  2 | On Loan: No      |
| USIC Holdings, Inc.                                                          | USIC Holdings, Inc., First Lien Term Loan                                                       | CUSIP: 90290HAP7<br>LEI: 5493009ZYUWB7X699U62 | Long             | LON              | CORP              | US        |   5372519 | PA      | $5233183.20   | 0.41%             | 2028-05-12      | Variable      | 7.88%                 | No            |                  2 | On Loan: No      |
| PetSmart LLC                                                                 | PetSmart LLC, Term Loan                                                                         | CUSIP: 71677HAL9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   6337539 | PA      | $6303221.53   | 0.49%             | 2028-02-11      | Variable      | 8.41%                 | No            |                  2 | On Loan: No      |
| Caesars Entertainment, Inc.                                                  | Caesars Entertainment, Inc., Term Loan                                                          | CUSIP: 12768EAG1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2739699 | PA      | $2740685.64   | 0.21%             | 2030-01-20      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| American Airlines, Inc.                                                      | American Airlines, Inc., Term Loan                                                              | CUSIP: 02376CBB0<br>LEI: IWUQB36BXD6OWD6X4T14 | Long             | LON              | CORP              | US        |   8254681 | PA      | $8109109.95   | 0.63%             | 2025-06-27      | Variable      | 6.27%                 | No            |                  2 | On Loan: No      |
| Charter Next Generation, Inc.                                                | Charter Next Generation, Inc., First Lien Term Loan                                             | CUSIP: 16125TAJ1<br>LEI: 549300KRNU8RNVGYXG75 | Long             | LON              | CORP              | US        |   5391474 | PA      | $5368829.56   | 0.42%             | 2027-12-01      | Variable      | 8.32%                 | No            |                  2 | On Loan: No      |
| Scientific Games Holdings LP                                                 | Scientific Games Holdings LP, First Lien Term Loan                                              | CUSIP: 80875CAB3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   8589233 | PA      | $8462842.56   | 0.66%             | 2029-04-04      | Variable      | 8.10%                 | No            |                  2 | On Loan: No      |
| ADMI Corp.                                                                   | ADMI Corp., Term Loan                                                                           | CUSIP: 00709LAJ6<br>LEI: 5493008U1LYGMQWO7N12 | Long             | LON              | CORP              | US        |    932074 | PA      | $863720.28    | 0.07%             | 2027-12-23      | Variable      | 8.32%                 | No            |                  2 | On Loan: No      |
| Gray Television, Inc.                                                        | Gray Television, Inc., Term Loan D                                                              | CUSIP: 389376AZ7<br>LEI: 529900TM5726KDN7UU35 | Long             | LON              | CORP              | US        |   3348105 | PA      | $3342346.15   | 0.26%             | 2028-12-01      | Variable      | 7.37%                 | No            |                  2 | On Loan: No      |
| AZZ, Inc.                                                                    | AZZ, Inc., Term Loan                                                                            | CUSIP: 00247NAG7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1930242 | PA      | $1934034.86   | 0.15%             | 2029-05-13      | Variable      | 8.80%                 | No            |                  2 | On Loan: No      |
| First Student Bidco, Inc.                                                    | First Student Bidco, Inc., Term Loan C                                                          | CUSIP: 33718FAB6<br>LEI: 2549006DRO2F06AA1391 | Long             | LON              | CORP              | US        |   1645318 | PA      | $1557342.84   | 0.12%             | 2028-07-21      | Variable      | 7.73%                 | No            |                  2 | On Loan: No      |
| DCert Buyer, Inc.                                                            | DCert Buyer, Inc., Second Lien Term Loan                                                        | CUSIP: 24022KAJ8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   5168879 | PA      | $4760744.39   | 0.37%             | 2029-02-19      | Variable      | 11.70%                | No            |                  2 | On Loan: No      |
| Staples, Inc.                                                                | Staples, Inc., Term Loan B1                                                                     | CUSIP: 855031AQ3<br>LEI: XQM2JINI1UL7642TU573 | Long             | LON              | CORP              | US        |   3025498 | PA      | $2839188.18   | 0.22%             | 2026-04-16      | Variable      | 7.78%                 | No            |                  2 | On Loan: No      |
| Caesars Resort Collection LLC                                                | Caesars Resort Collection LLC, Term Loan B                                                      | CUSIP: 12769LAB5<br>LEI: 549300V3UCT773B1KR38 | Long             | LON              | CORP              | US        |   6709573 | PA      | $6712289.89   | 0.52%             | 2024-12-23      | Variable      | 7.32%                 | No            |                  2 | On Loan: No      |
| Coty, Inc.                                                                   | Coty, Inc., Term Loan B                                                                         | CUSIP: 22207EBG8<br>LEI: 549300BO9IWPF3S48F93 | Long             | LON              | CORP              | US        |   2684147 | PA      | $2682469.51   | 0.21%             | 2025-04-07      | Variable      | 6.65%                 | No            |                  2 | On Loan: No      |
| McGraw-Hill Education, Inc.                                                  | McGraw-Hill Education, Inc., Term Loan                                                          | CUSIP: 58063DAC7<br>LEI: 254900U6YJ9QZ4IQOR26 | Long             | LON              | CORP              | US        |   6498463 | PA      | $6233650.30   | 0.48%             | 2028-07-28      | Variable      | 8.32%                 | No            |                  2 | On Loan: No      |
| Osmosis Buyer Ltd.                                                           | Osmosis Buyer Ltd., Term Loan B                                                                 | CUSIP: 00132UAG9<br>LEI: N/A                  | Long             | LON              | CORP              | GB        |   4036857 | PA      | $3950226.17   | 0.31%             | 2028-07-31      | Variable      | 8.15%                 | No            |                  2 | On Loan: No      |
| MH Sub I LLC / Micro Holding Corp.                                           | MH Sub I LLC / Micro Holding Corp., First Lien Term Loan                                        | CUSIP: 45567YAL9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3028586 | PA      | $3002085.48   | 0.23%             | 2024-09-13      | Variable      | 8.32%                 | No            |                  2 | On Loan: No      |
| Acrisure LLC                                                                 | Acrisure LLC, First Lien Term Loan                                                              | CUSIP: 00488PAP0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1661538 | PA      | $1622076.93   | 0.13%             | 2027-02-15      | Variable      | 8.82%                 | No            |                  2 | On Loan: No      |
| Dun & Bradstreet Corp. (The)                                                 | Dun & Bradstreet Corp. (The), Term Loan                                                         | CUSIP: 26483NAN0<br>LEI: RI37BMPWE56BCJ747E14 | Long             | LON              | CORP              | US        |   3847054 | PA      | $3845342.24   | 0.30%             | 2026-02-06      | Variable      | 7.77%                 | No            |                  2 | On Loan: No      |
| ASP Blade Holdings, Inc.                                                     | ASP Blade Holdings, Inc., Term Loan                                                             | CUSIP: 00217HAB7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   8542839 | PA      | $6997353.99   | 0.54%             | 2028-10-13      | Variable      | 8.73%                 | No            |                  2 | On Loan: No      |
| Cengage Learning, Inc.                                                       | Cengage Learning, Inc., First Lien Term Loan B                                                  | CUSIP: 15134NAF3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |  10453392 | PA      | $9993443.15   | 0.77%             | 2026-07-14      | Variable      | 9.88%                 | No            |                  2 | On Loan: No      |
| Aventiv Technologies LLC                                                     | Aventiv Technologies LLC, First Lien Term Loan                                                  | CUSIP: 78410QAB8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |  11148900 | PA      | $7892919.29   | 0.61%             | 2024-11-01      | Variable      | 9.23%                 | No            |                  2 | On Loan: No      |
| Acrisure LLC                                                                 | Acrisure LLC, First Lien Term Loan                                                              | CUSIP: 00488PAL9<br>LEI: 549300R0Z1Q47XRTGO22 | Long             | LON              | CORP              | US        |   5954082 | PA      | $5755006.92   | 0.45%             | 2027-02-15      | Variable      | 8.07%                 | No            |                  2 | On Loan: No      |
| City Brewing Co. LLC                                                         | City Brewing Co. LLC, First Lien Term Loan                                                      | CUSIP: 17776EAB1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3960748 | PA      | $1861551.70   | 0.14%             | 2028-04-05      | Variable      | 8.33%                 | No            |                  2 | On Loan: No      |
| Spin Holdco, Inc.                                                            | Spin Holdco, Inc., Term Loan                                                                    | CUSIP: 84850XAK8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   7291605 | PA      | $5795950.60   | 0.45%             | 2028-03-04      | Variable      | 8.77%                 | No            |                  2 | On Loan: No      |
| B&G Foods, Inc.                                                              | B&G Foods, Inc., Term Loan B4                                                                   | CUSIP: 05508TAU6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1283542 | PA      | $1239015.83   | 0.10%             | 2026-10-10      | Variable      | 6.88%                 | No            |                  2 | On Loan: No      |
| CHG Healthcare Services, Inc.                                                | CHG Healthcare Services, Inc., First Lien Term Loan                                             | CUSIP: 12541HAT0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   5583109 | PA      | $5554858.96   | 0.43%             | 2028-09-29      | Variable      | 7.63%                 | No            |                  2 | On Loan: No      |
| Zekelman Industries, Inc.                                                    | Zekelman Industries, Inc., Term Loan                                                            | CUSIP: 98931YAC7<br>LEI: 549300S5LMRAKDWWI425 | Long             | LON              | CORP              | US        |   3380375 | PA      | $3360819.31   | 0.26%             | 2027-01-24      | Variable      | 6.73%                 | No            |                  2 | On Loan: No      |
| Hexion Holdings Corp.                                                        | Hexion Holdings Corp., Second Lien Term Loan                                                    | CUSIP: 42829JAB5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2093023 | PA      | $1747674.42   | 0.14%             | 2030-03-15      | Variable      | 12.05%                | No            |                  2 | On Loan: No      |
| International Game Technology plc                                            | International Game Technology plc                                                               | CUSIP: 460599AE3<br>LEI: 549300UQ6KHRCZDRGZ76 | Long             | DBT              | CORP              | GB        |   2300000 | PA      | $2210196.50   | 0.17%             | 2029-01-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Tory Burch LLC                                                               | Tory Burch LLC, Term Loan B                                                                     | CUSIP: 89148GAF7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1503565 | PA      | $1451880.03   | 0.11%             | 2028-04-16      | Variable      | 8.07%                 | No            |                  2 | On Loan: No      |
| Pactiv Evergreen Group Issuer LLC / Pactiv Evergreen Group Issuer, Inc.      | Pactiv Evergreen Group Issuer LLC / Pactiv Evergreen Group Issuer, Inc.                         | CUSIP: 69527AAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1125000 | PA      | $1001157.19   | 0.08%             | 2028-10-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Magenta Buyer LLC                                                            | Magenta Buyer LLC, First Lien Term Loan                                                         | CUSIP: 55910RAB9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   9520665 | PA      | $8381564.75   | 0.65%             | 2028-07-27      | Variable      | 9.58%                 | No            |                  2 | On Loan: No      |
| Charlotte Buyer, Inc.                                                        | Charlotte Buyer, Inc., First Lien Term Loan B                                                   | CUSIP: 12568YAD6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1612903 | PA      | $1578129.04   | 0.12%             | 2028-02-11      | Variable      | 9.68%                 | No            |                  2 | On Loan: No      |
| ECi Macola / MAX Holding LLC                                                 | ECi Macola / MAX Holding LLC, First Lien Term Loan                                              | CUSIP: 26825UAK7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3768560 | PA      | $3710467.17   | 0.29%             | 2027-11-09      | Variable      | 8.48%                 | No            |                  2 | On Loan: No      |
| United AirLines, Inc.                                                        | United AirLines, Inc., Term Loan B                                                              | CUSIP: 90932RAJ3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   8265224 | PA      | $8280638.69   | 0.64%             | 2028-04-21      | Variable      | 8.57%                 | No            |                  2 | On Loan: No      |
| Asurion LLC                                                                  | Asurion LLC, Term Loan B9                                                                       | CUSIP: 04649VAY6<br>LEI: 549300KNQVXGIOXWK278 | Long             | LON              | CORP              | US        |      8315 | PA      | $7876.89      | 0.00%             | 2027-07-31      | Variable      | 7.82%                 | No            |                  2 | On Loan: No      |
| Asurion LLC                                                                  | Asurion LLC, Term Loan B8                                                                       | CUSIP: 04649VAX8<br>LEI: 549300KNQVXGIOXWK278 | Long             | LON              | CORP              | US        |   2672564 | PA      | $2562748.08   | 0.20%             | 2026-12-23      | Variable      | 7.82%                 | No            |                  2 | On Loan: No      |
| Asurion LLC                                                                  | Asurion LLC, Term Loan B10                                                                      | CUSIP: 04649VBB5<br>LEI: 549300KNQVXGIOXWK278 | Long             | LON              | CORP              | US        |   2300000 | PA      | $2184103.00   | 0.17%             | 2028-08-19      | Variable      | 8.68%                 | No            |                  2 | On Loan: No      |
| TI Group Automotive Systems LLC                                              | TI Group Automotive Systems LLC, Term Loan                                                      | CUSIP: 87247EAY5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2159449 | PA      | $2157646.28   | 0.17%             | 2026-12-16      | Variable      | 7.98%                 | No            |                  2 | On Loan: No      |
| Bally's Corp.                                                                | Bally's Corp., Term Loan B                                                                      | CUSIP: 05875CAB0<br>LEI: 549300NS4D5IK406VT62 | Long             | LON              | CORP              | US        |   9985613 | PA      | $9624283.64   | 0.75%             | 2028-10-02      | Variable      | 7.71%                 | No            |                  2 | On Loan: No      |
| Gainwell Acquisition Corp.                                                   | Gainwell Acquisition Corp., First Lien Term Loan B                                              | CUSIP: 59909TAC8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |  11061656 | PA      | $10823830.12  | 0.84%             | 2027-10-01      | Variable      | 8.73%                 | No            |                  2 | On Loan: No      |
| Fertitta Entertainment LLC                                                   | Fertitta Entertainment LLC, Term Loan B                                                         | CUSIP: 31556PAB3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   6247919 | PA      | $6185877.10   | 0.48%             | 2029-01-27      | Variable      | 8.56%                 | No            |                  2 | On Loan: No      |
| Verscend Holding Corp.                                                       | Verscend Holding Corp., Term LoanB1                                                             | CUSIP: 92531HAD9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |  12359908 | PA      | $12363183.04  | 0.96%             | 2025-08-27      | Variable      | 8.57%                 | No            |                  2 | On Loan: No      |
| Quest Software US Holdings, Inc.                                             | Quest Software US Holdings, Inc., First Lien Term Loan                                          | CUSIP: 74834YAN2<br>LEI: 549300LMV4JEXTGLE324 | Long             | LON              | CORP              | US        |   4394249 | PA      | $3786898.27   | 0.29%             | 2029-02-01      | Variable      | 9.08%                 | No            |                  2 | On Loan: No      |
| Sedgwick Claims Management Services, Inc. / Lightning Cayman Merger Sub Ltd. | Sedgwick Claims Management Services, Inc. / Lightning Cayman Merger Sub Ltd., Term Loan         | CUSIP: 81527CAL1<br>LEI: 549300BIN4DWJG5VWF64 | Long             | LON              | CORP              | US        |   2306649 | PA      | $2299601.89   | 0.18%             | 2025-12-31      | Variable      | 7.82%                 | No            |                  2 | On Loan: No      |
| CommScope, Inc.                                                              | CommScope, Inc.                                                                                 | CUSIP: 203372AX5<br>LEI: 549300Z6K4JXMFE8QY54 | Long             | DBT              | CORP              | US        |   2019200 | PA      | $1683285.89   | 0.13%             | 2029-09-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Avis Budget Car Rental LLC                                                   | Avis Budget Car Rental LLC, Term Loan B                                                         | CUSIP: 05377JAR3<br>LEI: XN8R4HH1TVC1XOCL5P21 | Long             | LON              | CORP              | US        |   1279713 | PA      | $1265476.06   | 0.10%             | 2027-08-06      | Variable      | 6.32%                 | No            |                  2 | On Loan: No      |
| PMHC II, Inc.                                                                | PMHC II, Inc., Term Loan                                                                        | CUSIP: 69346EAG2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |  13273445 | PA      | $11683750.54  | 0.91%             | 2029-04-23      | Variable      | 9.08%                 | No            |                  2 | On Loan: No      |
| Banijay Entertainment SAS                                                    | Banijay Entertainment SAS, Term Loan B                                                          | CUSIP: F6456UAB9<br>LEI: N/A                  | Long             | LON              | CORP              | FR        |   1943122 | PA      | $1943433.24   | 0.15%             | 2025-03-01      | Variable      | 8.12%                 | No            |                  2 | On Loan: No      |
| Lummus Technology Holdings V LLC                                             | Lummus Technology Holdings V LLC, Term Loan B                                                   | CUSIP: 45232UAE8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3132882 | PA      | $3071007.76   | 0.24%             | 2027-06-30      | Variable      | 8.07%                 | No            |                  2 | On Loan: No      |
| Univision Communications, Inc.                                               | Univision Communications, Inc.                                                                  | CUSIP: 914906AS1<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |   1555556 | PA      | $1517359.32   | 0.12%             | 2025-02-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| LSF11 A5 Holdco LLC                                                          | LSF11 A5 Holdco LLC, Term Loan                                                                  | CUSIP: 50216YAB6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   4475965 | PA      | $4351018.16   | 0.34%             | 2028-10-15      | Variable      | 8.18%                 | No            |                  2 | On Loan: No      |
| Icon Public Ltd. Co.                                                         | Icon Public Ltd. Co., Term Loan                                                                 | CUSIP: L5000DAC1<br>LEI: 635400PUWMHSPI2DDA35 | Long             | LON              | CORP              | LU        |   4357987 | PA      | $4363456.57   | 0.34%             | 2028-07-03      | Variable      | 7.00%                 | No            |                  2 | On Loan: No      |
| Invesco Senior Loan ETF                                                      | Invesco Senior Loan ETF                                                                         | CUSIP: 46138G508<br>LEI: 549300SIHU6DQELRNG59 | Long             |  | RF                | US        |    280416 | NS      | $5919581.76   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| 24 Hour Fitness Worldwide, Inc.                                              | 24 Hour Fitness Worldwide, Inc.                                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    287830 | NS      | $74547.97     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Misys Ltd.                                                                   | Misys Ltd., First Lien Term Loan                                                                | CUSIP: 02034DAC1<br>LEI: 549300ZB2RO6QC7YTK71 | Long             | LON              | CORP              | US        |   4002229 | PA      | $3770859.91   | 0.29%             | 2024-06-13      | Variable      | 8.33%                 | No            |                  2 | On Loan: No      |
| MPH Acquisition Holdings LLC                                                 | MPH Acquisition Holdings LLC                                                                    | CUSIP: 553283AD4<br>LEI: 5493002WXOPRPTXWTU06 | Long             | DBT              | CORP              | US        |   1334000 | PA      | $1109207.66   | 0.09%             | 2028-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Hercules Achievement, Inc. / Varsity Brands Holding Co., Inc.                | Hercules Achievement, Inc. / Varsity Brands Holding Co., Inc., First Lien Term Loan             | CUSIP: 42703UAG0<br>LEI: 549300YOKDS0ZSYJRX81 | Long             | LON              | CORP              | US        |   2899440 | PA      | $2884942.99   | 0.22%             | 2024-12-16      | Variable      | 8.07%                 | No            |                  2 | On Loan: No      |
| Cemex SAB de CV                                                              | Cemex SAB de CV                                                                                 | CUSIP: 151290BX0<br>LEI: 549300RIG2CXWN6IV731 | Long             | DBT              | CORP              | MX        |   3875000 | PA      | $3628907.90   | 0.28%             | 2030-09-17      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Aventiv Technologies LLC                                                     | Aventiv Technologies LLC, Second Lien Term Loan                                                 | CUSIP: 78410QAE2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    375000 | PA      | $210000.00    | 0.02%             | 2025-11-01      | Variable      | 13.08%                | No            |                  2 | On Loan: No      |
| Deerfield Dakota Holding LLC                                                 | Deerfield Dakota Holding LLC, First Lien Term Loan                                              | CUSIP: 24440EAB3<br>LEI: 549300FDREJLOIGXY104 | Long             | LON              | CORP              | US        |   6248603 | PA      | $6060020.47   | 0.47%             | 2027-04-09      | Variable      | 8.31%                 | No            |                  2 | On Loan: No      |
| Commscope, Inc.                                                              | Commscope, Inc., Term Loan                                                                      | CUSIP: 20337EAQ4<br>LEI: 724500R0MD16646Q8383 | Long             | LON              | CORP              | NL        |   2688895 | PA      | $2640158.44   | 0.20%             | 2026-04-06      | Variable      | 7.82%                 | No            |                  2 | On Loan: No      |
| Institutional Fiduciary Trust - Money Market Portfolio                       | Institutional Fiduciary Trust - Money Market Portfolio                                          | CUSIP: 457756500<br>LEI: 549300M4TP89K77LG374 | Long             | STIV             | RF                | US        |  54025371 | NS      | $54025371.40  | 4.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Ivanti Software, Inc.                                                        | Ivanti Software, Inc., First Lien Term Loan                                                     | CUSIP: 46583DAG4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   6543007 | PA      | $5444337.66   | 0.42%             | 2027-12-01      | Variable      | 9.01%                 | No            |                  2 | On Loan: No      |
| Cheniere Energy, Inc.                                                        | Cheniere Energy, Inc.                                                                           | CUSIP: 16411RAK5<br>LEI: MIHC87W9WTYSYZWV1J40 | Long             | DBT              | CORP              | US        |   2400000 | PA      | $2288172.00   | 0.18%             | 2028-10-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Hyland Software, Inc.                                                        | Hyland Software, Inc., Second Lien Term Loan                                                    | CUSIP: 44908XAV0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    106061 | PA      | $101325.53    | 0.01%             | 2025-07-07      | Variable      | 10.82%                | No            |                  2 | On Loan: No      |
| FINThrive Software Intermediate Holdings, Inc.                               | FINThrive Software Intermediate Holdings, Inc., First Lien Term Loan                            | CUSIP: 58404KAH8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   4523828 | PA      | $4122337.91   | 0.32%             | 2028-12-18      | Variable      | 8.57%                 | No            |                  2 | On Loan: No      |
| First Brands Group LLC                                                       | First Brands Group LLC, Second Lien Term Loan                                                   | CUSIP: 31935HAF4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   4220469 | PA      | $3836680.60   | 0.30%             | 2028-03-30      | Variable      | 13.60%                | No            |                  2 | On Loan: No      |
| Pacific Dental Services LLC                                                  | Pacific Dental Services LLC, Term Loan                                                          | CUSIP: 69417WAB7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2645509 | PA      | $2623352.57   | 0.20%             | 2028-05-05      | Variable      | 8.01%                 | No            |                  2 | On Loan: No      |
| Citadel Securities LP                                                        | Citadel Securities LP, Term Loan B1                                                             | CUSIP: 17288YAE2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1356600 | PA      | $1361694.03   | 0.11%             | 2028-02-02      | Variable      | 7.68%                 | No            |                  2 | On Loan: No      |
| UKG, Inc.                                                                    | UKG, Inc., First Lien Term Loan                                                                 | CUSIP: 90385KAK7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   4695954 | PA      | $4627298.87   | 0.36%             | 2026-05-04      | Variable      | 8.03%                 | No            |                  2 | On Loan: No      |
| Quarternorth Energy Holding, Inc.                                            | Quarternorth Energy Holding, Inc.                                                               | CUSIP: N/A<br>LEI: 549300BC3OH5VUTNXB92       | Long             | EC               | CORP              | US        |    370321 | NS      | $51474619.00  | 3.99%             |  |  |  | No            |                  2 | On Loan: No      |
| CSC Holdings LLC                                                             | CSC Holdings LLC, Term Loan                                                                     | CUSIP: 64072UAE2<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | LON              | CORP              | US        |   6886574 | PA      | $6662759.89   | 0.52%             | 2025-07-17      | Variable      | 6.71%                 | No            |                  2 | On Loan: No      |
| Pitney Bowes, Inc.                                                           | Pitney Bowes, Inc., Term Loan B                                                                 | CUSIP: 72448FAS4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |  11302462 | PA      | $10938635.94  | 0.85%             | 2028-03-17      | Variable      | 8.68%                 | No            |                  2 | On Loan: No      |
| Radiate Holdco LLC / Radiate Finance, Inc.                                   | Radiate Holdco LLC / Radiate Finance, Inc.                                                      | CUSIP: 75026JAC4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1600000 | PA      | $1228000.00   | 0.10%             | 2026-09-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Scientific Games International, Inc.                                         | Scientific Games International, Inc., Term Loan B                                               | CUSIP: 80875AAT8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   4375686 | PA      | $4377239.41   | 0.34%             | 2029-04-14      | Variable      | 7.58%                 | No            |                  2 | On Loan: No      |
| Idera, Inc.                                                                  | Idera, Inc., First Lien Term Loan B-1                                                           | CUSIP: 45168RAQ6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3673882 | PA      | $3561369.61   | 0.28%             | 2028-03-02      | Variable      | 8.51%                 | No            |                  2 | On Loan: No      |
| Clarios Global LP                                                            | Clarios Global LP, First Lien Term Loan                                                         | CUSIP: C8000CAG8<br>LEI: 549300474L1ZLXZY2P98 | Long             | LON              | CORP              | CA        |   4715638 | PA      | $4710167.94   | 0.37%             | 2026-04-30      | Variable      | 7.82%                 | No            |                  2 | On Loan: No      |
| National Mentor Holdings, Inc.                                               | National Mentor Holdings, Inc., First Lien Term Loan                                            | CUSIP: 63689EAR6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   8648229 | PA      | $6383517.07   | 0.49%             | 2028-03-02      | Variable      | 8.41%                 | No            |                  2 | On Loan: No      |
| Genesys Cloud Services Holdings I LLC                                        | Genesys Cloud Services Holdings I LLC, Term Loan                                                | CUSIP: 39479UAQ6<br>LEI: 549300CVRD4OUCPHWQ42 | Long             | LON              | CORP              | US        |  13582169 | PA      | $13362884.66  | 1.04%             | 2027-12-01      | Variable      | 8.44%                 | No            |                  2 | On Loan: No      |
| Galaxy XXV CLO Ltd.                                                          | Galaxy XXV CLO Ltd., Series 2018-25A, Class C                                                   | CUSIP: 36319XAE7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $482263.42    | 0.04%             | 2031-10-25      | Floating      | 6.82%                 | No            |                  2 | On Loan: No      |
| Nexstar Media, Inc.                                                          | Nexstar Media, Inc., Term Loan B4                                                               | CUSIP: 65336RAW8<br>LEI: 5493006PK6I4I2OOT688 | Long             | LON              | CORP              | US        |    944699 | PA      | $946271.47    | 0.07%             | 2026-09-18      | Variable      | 7.07%                 | No            |                  2 | On Loan: No      |
| Altice France SA                                                             | Altice France SA                                                                                | CUSIP: 02156LAH4<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |   3730000 | PA      | $2953994.95   | 0.23%             | 2029-10-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| UTEX Industries, Inc.                                                        | UTEX Industries, Inc.                                                                           | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | US        |       634 | NS      | $3390.25      | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Alliant Holdings Intermediate LLC                                            | Alliant Holdings Intermediate, Term Loan B-4                                                    | CUSIP: 01881UAJ4<br>LEI: 5493006Q26653NF8SI73 | Long             | LON              | CORP              | US        |   4681108 | PA      | $4681108.05   | 0.36%             | 2027-11-05      | Variable      | 8.01%                 | No            |                  2 | On Loan: No      |
| Sedgwick Claims Management Services, Inc. / Lightning Cayman Merger Sub Ltd. | Sedgwick Claims Management Services, Inc. / Lightning Cayman Merger Sub Ltd., Term Loan         | CUSIP: 81527CAM9<br>LEI: N/A                  | Long             | LON              | CORP              | KY        |   4598075 | PA      | $4600948.58   | 0.36%             | 2026-09-03      | Variable      | 8.32%                 | No            |                  2 | On Loan: No      |
| U.S. Anesthesia Partners, Inc.                                               | U.S. Anesthesia Partners, Inc., First Lien Term Loan                                            | CUSIP: 90350HAL3<br>LEI: 549300J001GMNRO7SQ51 | Long             | LON              | CORP              | US        |   3607931 | PA      | $3450083.79   | 0.27%             | 2028-10-01      | Variable      | 8.62%                 | No            |                  2 | On Loan: No      |
| Arches Buyer, Inc.                                                           | Arches Buyer, Inc., Term Loan                                                                   | CUSIP: 03952HAD6<br>LEI: 2549009ADY4208OH2Y47 | Long             | LON              | CORP              | US        |   2706735 | PA      | $2623286.60   | 0.20%             | 2027-12-06      | Variable      | 7.82%                 | No            |                  2 | On Loan: No      |
| National Mentor Holdings, Inc.                                               | National Mentor Holdings, Inc., First Lien Term Loan C                                          | CUSIP: 63689EAT2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    279919 | PA      | $206616.58    | 0.02%             | 2028-03-02      | Variable      | 8.48%                 | No            |                  2 | On Loan: No      |
| PetVet Care Centers LLC / Pearl Intermediate Parent LLC                      | PetVet Care Centers LLC / Pearl Intermediate Parent LLC, First Lien Term Loan                   | CUSIP: 70476XAK1<br>LEI: 549300V0HK8MSXZNOM91 | Long             | LON              | CORP              | US        |   5744314 | PA      | $5467150.69   | 0.42%             | 2025-02-14      | Variable      | 8.07%                 | No            |                  2 | On Loan: No      |
| Diamond Sports Group LLC                                                     | Diamond Sports Group LLC, Second Lien Term Loan                                                 | CUSIP: 25277BAG3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |         0 | PA      | $0.00         | 0.00%             | 2026-08-24      | Variable      | 8.03%                 | No            |                  2 | On Loan: No      |
| Medline Borrower LP                                                          | Medline Borrower LP, Term Loan                                                                  | CUSIP: 58503UAC7<br>LEI: 254900QT3R363TVK6F09 | Long             | LON              | CORP              | US        |   7551448 | PA      | $7346388.22   | 0.57%             | 2028-10-23      | Variable      | 7.82%                 | No            |                  2 | On Loan: No      |
| Pitney Bowes, Inc.                                                           | Pitney Bowes, Inc.                                                                              | CUSIP: 724479AJ9<br>LEI: 549300N2O26NW4ST6W55 | Long             | DBT              | CORP              | US        |    881000 | PA      | $855451.00    | 0.07%             | 2024-03-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| IRB Holding Corp.                                                            | IRB Holding Corp., Term Loan B                                                                  | CUSIP: 44988LAH0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3650956 | PA      | $3620963.09   | 0.28%             | 2027-12-15      | Variable      | 7.69%                 | No            |                  2 | On Loan: No      |
| Acrisure LLC / Acrisure Finance, Inc.                                        | Acrisure LLC / Acrisure Finance, Inc.                                                           | CUSIP: 00489LAF0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1470600 | PA      | $1223186.26   | 0.09%             | 2029-02-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Jane Street Group / JSG Finance, Inc.                                        | Jane Street Group / JSG Finance, Inc.                                                           | CUSIP: 47077WAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1600000 | PA      | $1430557.50   | 0.11%             | 2029-11-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Sparta U.S. Holdco LLC                                                       | Sparta U.S. Holdco LLC, First Lien Term Loan                                                    | CUSIP: 84673EAB5<br>LEI: 5493004EFF9NBQ1A8453 | Long             | LON              | CORP              | US        |      7804 | PA      | $7794.11      | 0.00%             | 2028-08-02      | Variable      | 7.37%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-03-02

**Name of Applicant:** Franklin Investors Securities Trust

**Signature:** Ryan Wheeler

**Name of Signer:** Ryan Wheeler

**Title:** Assistant Treasurer