# EDGAR Filing Document

**Accession Number:** 0000809707
**File Stem:** 0001752724-25-153741
**Filing Date:** 2025-6
**Character Count:** 139939
**Document Hash:** a4616b52ffb9eb6e718fb26211364178
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-153741.hdr.sgml**: 20250624

**ACCESSION NUMBER**: 0001752724-25-153741

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250430

**FILED AS OF DATE**: 20250624

**DATE AS OF CHANGE**: 20250624

**PERIOD START**: 20251031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Franklin Investors Securities Trust
- **CENTRAL INDEX KEY:** 0000809707

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04986
- **FILM NUMBER:** 251068703

**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           |

## 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:** 2025-10-31

- **b. Date as of which information is reported:** 2025-04-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $1577767406.16

**Total Liabilities:** $115311427.51

**Net Assets:** $1462455978.65

**Delayed Delivery Securities:** $50499351.39

**Cash Not Reported:** $51007148.97

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -26.58000000 | **1-Year:** -429.09000000 | **5-Year:** -2654.81000000 | **10-Year:** -336.21000000 | **30-Year:** 0.00000000

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

- **3-Month:** -346.41000000 | **1-Year:** -70543.70000000 | **5-Year:** -312003.66000000 | **10-Year:** -48912.05000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000128879 | 0.01%                | -0.45%               | -0.16%               |
| Class ID C000018517 | -0.01%               | -0.47%               | -0.32%               |
| Class ID C000018519 | -0.04%               | -0.50%               | -0.22%               |
| Class ID C000018520 | 0.01%                | -0.45%               | -0.16%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-3294862.27             | $-5230535.72                               |
| Month 2  | $4462.79                 | $-17195015.86                              |
| Month 3  | $-1538339.12             | $-11903139.58                              |

### Schedule of Portfolio Investments

| Name                                                           | Title                                                                                             | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Allied Universal Holdco LLC / Allied Universal Finance Corp.   | Allied Universal Holdco LLC / Allied Universal Finance Corp.                                      | CUSIP: 019576AB3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3700000 | PA      | $3716431.70   | 0.25%             | 2027-07-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| Bausch + Lomb Corp.                                            | Bausch + Lomb Corp.                                                                               | CUSIP: 071705AA5<br>LEI: 549300NY6OZM39SO6475 | Long             | DBT              | CORP              | CA        |   1320000 | PA      | $1372866.00   | 0.09%             | 2028-10-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| Great Canadian Gaming Corp.                                    | Great Canadian Gaming Corp., First Lien, CME Term Loan, B                                         | CUSIP: C4111RAJ4<br>LEI: N/A                  | Long             | LON              | CORP              | CA        |   4029589 | PA      | $3894598.02   | 0.27%             | 2029-11-01      | Variable      | 9.05%                 | No            |                  2 | On Loan: No      |
| 24 Hour Fitness Worldwide, Inc.                                | 24 Hour Fitness Worldwide, Inc., First Lien, Exit CME Term Loan                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  24888972 | PA      | $9374804.52   | 0.64%             | 2025-12-29      | Variable      | 9.56%                 | No            |                  2 | On Loan: No      |
| Hunter Douglas, Inc.                                           | Hunter Douglas, Inc., First Lien, CME Term Loan, B1                                               | CUSIP: N8137FAE0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   5183271 | PA      | $5067736.20   | 0.35%             | 2032-01-16      | Variable      | 7.55%                 | No            |                  2 | On Loan: No      |
| Flexera Software LLC                                           | Flexera Software LLC, First Lien, CME Term Loan, B3                                               | CUSIP: 33937KAX2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1074755 | PA      | $1070724.27   | 0.07%             | 2028-03-03      | Variable      | 7.30%                 | No            |                  2 | On Loan: No      |
| Ascend Learning LLC                                            | Ascend Learning LLC, Second Lien, Initial CME Term Loan                                           | CUSIP: 04349HAM6<br>LEI: 549300T466HKRLVCD610 | Long             | LON              | CORP              | US        |   3267144 | PA      | $3223249.96   | 0.22%             | 2029-12-10      | Variable      | 10.17%                | No            |                  2 | On Loan: No      |
| BCPE Empire Holdings, Inc.                                     | BCPE Empire Holdings, Inc., First Lien, Amendment No. 8 Incremental CME Term Loan                 | CUSIP: 05550HAQ8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   5199239 | PA      | $5154421.12   | 0.35%             | 2030-12-11      | Variable      | 7.57%                 | No            |                  2 | On Loan: No      |
| American Airlines, Inc.                                        | American Airlines, Inc., First Lien, Initial CME Term Loan                                        | CUSIP: 02376CBM6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3729000 | PA      | $3631896.84   | 0.25%             | 2029-06-04      | Variable      | 6.51%                 | No            |                  2 | On Loan: No      |
| Artera Services LLC                                            | Artera Services LLC, First Lien, CME Term Loan, C                                                 | CUSIP: 73937UAL2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2700000 | PA      | $2581038.00   | 0.18%             | 2031-02-18      | Variable      | 8.80%                 | No            |                  2 | On Loan: No      |
| Calpine Corp.                                                  | Calpine Corp., First Lien, 2024 CME Term Loan                                                     | CUSIP: 13134MBW2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3283500 | PA      | $3274076.36   | 0.22%             | 2031-01-31      | Variable      | 6.07%                 | No            |                  2 | On Loan: No      |
| Sophos Holdings LLC                                            | Sophos Holdings LLC, First Lien, Dollar CME Term Loan                                             | CUSIP: 86875TAE7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   4922529 | PA      | $4925236.34   | 0.34%             | 2027-03-05      | Variable      | 7.93%                 | No            |                  2 | On Loan: No      |
| Belfor Holdings, Inc.                                          | Belfor Holdings, Inc., First Lien, CME Term Loan, B3                                              | CUSIP: 07768YAQ5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3686666 | PA      | $3682057.75   | 0.25%             | 2030-11-01      | Variable      | 7.32%                 | No            |                  2 | On Loan: No      |
| Clarios Global LP                                              | Clarios Global LP, First Lien, 2024 Dollar CME Term Loan                                          | CUSIP: C8000CAM5<br>LEI: 549300474L1ZLXZY2P98 | Long             | LON              | CORP              | US        |   2025641 | PA      | $1991458.30   | 0.14%             | 2030-05-06      | Variable      | 6.82%                 | No            |                  2 | On Loan: No      |
| LaserShip, Inc.                                                | LaserShip, Inc., First Lien, CME Term Loan, B1                                                    | CUSIP: 51809EAM7<br>LEI: 254900NGHREGOQUFUT53 | Long             | LON              | CORP              | US        |   7341116 | PA      | $3648534.88   | 0.25%             | 2029-08-10      | Variable      | 6.06%                 | No            |                  2 | On Loan: No      |
| Nouryon Finance BV                                             | Nouryon Finance BV, First Lien, November 2024 Dollar CME Term Loan, B1                            | CUSIP: N8232NAL1<br>LEI: N/A                  | Long             | LON              | CORP              | NL        |   3845548 | PA      | $3826320.65   | 0.26%             | 2028-04-03      | Variable      | 7.55%                 | No            |                  2 | On Loan: No      |
| Aretec Group, Inc.                                             | Aretec Group, Inc., First Lien, CME Term Loan, B3                                                 | CUSIP: 04009DAH7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   4634363 | PA      | $4615940.93   | 0.32%             | 2030-08-09      | Variable      | 7.82%                 | No            |                  2 | On Loan: No      |
| Mauser Packaging Solutions Holding Co.                         | Mauser Packaging Solutions Holding Co.                                                            | CUSIP: 57763RAD9<br>LEI: 549300DNGHXL0OMHW304 | Long             | DBT              | CORP              | US        |    694000 | PA      | $696699.76    | 0.05%             | 2027-04-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| Learning Care Group US No. 2, Inc.                             | Learning Care Group US No. 2, Inc., First Lien, CME Term Loan, B                                  | CUSIP: 52200MAL4<br>LEI: 5493000VMN44LK8QID23 | Long             | LON              | CORP              | US        |   1684741 | PA      | $1679687.03   | 0.11%             | 2028-08-11      | Variable      | 8.29%                 | No            |                  2 | On Loan: No      |
| AssuredPartners, Inc.                                          | AssuredPartners, Inc., First Lien, 2024 CME Term Loan                                             | CUSIP: 04621HAW3<br>LEI: 549300HNDSDQWQ3L2P80 | Long             | LON              | CORP              | US        |  25554393 | PA      | $25585058.06  | 1.75%             | 2031-02-14      | Variable      | 7.82%                 | No            |                  2 | On Loan: No      |
| Cushman & Wakefield US Borrower LLC                            | Cushman & Wakefield US Borrower LLC, First Lien, 2024-3 CME Term Loan                             | CUSIP: 23340DAU6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    609613 | PA      | $610631.28    | 0.04%             | 2030-01-31      | Variable      | 7.57%                 | No            |                  2 | On Loan: No      |
| Cloud Software Group, Inc.                                     | Cloud Software Group, Inc., First Lien, Incremental CME Term Loan, B                              | CUSIP: 88632NBE9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   4436284 | PA      | $4391921.64   | 0.30%             | 2031-03-21      | Variable      | 8.05%                 | No            |                  2 | On Loan: No      |
| CNT Holdings I Corp.                                           | CNT Holdings I Corp., First Lien, 2025 Replacement CME Term Loan                                  | CUSIP: 12656AAF6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   6980526 | PA      | $6952429.47   | 0.48%             | 2032-11-08      | Variable      | 6.80%                 | No            |                  2 | On Loan: No      |
| Neptune Bidco US, Inc.                                         | Neptune Bidco US, Inc., First Lien, Dollar CME Term Loan, B                                       | CUSIP: 64069JAC6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   8839485 | PA      | $7825463.81   | 0.54%             | 2029-04-11      | Variable      | 9.33%                 | No            |                  2 | On Loan: No      |
| Millennium Corporate Claim Trust                               | 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      |
| Coherent Corp.                                                 | Coherent Corp., First Lien, CME Term Loan, B2                                                     | CUSIP: 45173JAS3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1183525 | PA      | $1172677.58   | 0.08%             | 2029-07-02      | Variable      | 6.32%                 | No            |                  2 | On Loan: No      |
| Crosby US Acquisition Corp.                                    | Crosby US Acquisition Corp., First Lien, Amendment No. 4 Replacement CME Term Loan                | CUSIP: 22739PAP1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3882451 | PA      | $3884605.64   | 0.27%             | 2029-08-16      | Variable      | 7.82%                 | No            |                  2 | On Loan: No      |
| Charlotte Buyer, Inc.                                          | Charlotte Buyer, Inc., First Lien, Second Refinancing CME Term Loan                               | CUSIP: 12568YAH7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   9593644 | PA      | $9561936.58   | 0.65%             | 2028-02-11      | Variable      | 8.57%                 | No            |                  2 | On Loan: No      |
| RelaDyne, Inc.                                                 | RelaDyne, Inc., First Lien, CME Term Loan                                                         | CUSIP: 00149HAC8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   6955103 | PA      | $6953364.39   | 0.48%             | 2030-12-23      | Variable      | 8.32%                 | No            |                  2 | On Loan: No      |
| Hanesbrands, Inc.                                              | Hanesbrands, Inc., First Lien, CME Term Loan, B                                                   | CUSIP: 410346AY6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2274040 | PA      | $2259827.14   | 0.15%             | 2032-03-08      | Variable      | 7.07%                 | No            |                  2 | On Loan: No      |
| PG Polaris BidCo SARL                                          | PG Polaris BidCo SARL, First Lien, Initial CME Term Loan                                          | CUSIP: 91728NAB5<br>LEI: 254900XMCCB3IEZ2A005 | Long             | LON              | CORP              | US        |   4260842 | PA      | $4254450.68   | 0.29%             | 2031-03-26      | Variable      | 7.30%                 | No            |                  2 | On Loan: No      |
| Medical Solutions Holdings, Inc.                               | Medical Solutions Holdings, Inc., First Lien, CME Term Loan                                       | CUSIP: 58462QAH4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   4752788 | PA      | $2904476.19   | 0.20%             | 2028-11-01      | Variable      | 7.88%                 | No            |                  2 | On Loan: No      |
| EPIC Crude Services LP                                         | EPIC Crude Services LP, First Lien, CME Term Loan                                                 | CUSIP: 29428XAG5<br>LEI: 549300FRS682IQ7J9S42 | Long             | LON              | CORP              | US        |   3790500 | PA      | $3791182.29   | 0.26%             | 2031-10-15      | Variable      | 7.26%                 | No            |                  2 | On Loan: No      |
| AAdvantage Loyalty IP Ltd.                                     | AAdvantage Loyalty IP Ltd., First Lien, CME Term Loan                                             | CUSIP: 02376CBS3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   9535337 | PA      | $9354403.87   | 0.64%             | 2028-04-20      | Variable      | 6.52%                 | No            |                  2 | On Loan: No      |
| DexKo Global, Inc.                                             | DexKo Global, Inc., First Lien, Closing Date Dollar CME Term Loan                                 | CUSIP: 25213YAU9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   5428978 | PA      | $5026555.41   | 0.34%             | 2028-10-04      | Variable      | 8.19%                 | No            |                  2 | On Loan: No      |
| Kenan Advantage Group, Inc.                                    | Kenan Advantage Group, Inc. (The), First Lien, U.S. CME Term Loan, B4                             | CUSIP: 48853UBQ2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   7443219 | PA      | $7322266.90   | 0.50%             | 2029-01-25      | Variable      | 7.57%                 | No            |                  2 | On Loan: No      |
| Cloudera, Inc.                                                 | Cloudera, Inc., First Lien, Initial CME Term Loan                                                 | CUSIP: 74339VAB4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   6091719 | PA      | $6011795.62   | 0.41%             | 2028-10-09      | Variable      | 8.17%                 | No            |                  2 | On Loan: No      |
| Flynn Restaurant Group LP                                      | Flynn Restaurant Group LP, First Lien, CME Term Loan                                              | CUSIP: 34410JAF8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   8048799 | PA      | $8008555.26   | 0.55%             | 2028-12-01      | Variable      | 8.69%                 | No            |                  2 | On Loan: No      |
| Michaels Cos., Inc. (The)                                      | Michaels Cos., Inc. (The), First Lien, CME Term Loan, B                                           | CUSIP: 59408UAB3<br>LEI: 549300H9LWMBP7HYLR98 | Long             | LON              | CORP              | US        |   6300747 | PA      | $3498489.63   | 0.24%             | 2028-04-17      | Variable      | 8.81%                 | No            |                  2 | On Loan: No      |
| Opal LLC                                                       | Opal LLC, First Lien, CME Term Loan                                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   4500000 | PA      | $4469085.00   | 0.31%             | 2032-03-31      | Variable      | 7.38%                 | No            |                  2 | On Loan: No      |
| Madison Safety & Flow LLC                                      | Madison Safety & Flow LLC, First Lien, 2025 Incremental CME Term Loan                             | CUSIP: 55822DAM3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2996343 | PA      | $2977615.84   | 0.20%             | 2031-09-26      | Variable      | 7.07%                 | No            |                  2 | On Loan: No      |
| Grant Thornton Advisors LLC                                    | Grant Thornton Advisors LLC, First Lien, 2025 Incremental CME Term Loan                           | CUSIP: 38821UAD2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2211125 | PA      | $2197305.47   | 0.15%             | 2031-06-02      | Variable      | 7.07%                 | No            |                  2 | On Loan: No      |
| Bally's Corp.                                                  | Bally's Corp., First Lien, CME Term Loan, B                                                       | CUSIP: 05875CAB0<br>LEI: 549300NS4D5IK406VT62 | Long             | LON              | CORP              | US        |   5766534 | PA      | $5012069.77   | 0.34%             | 2028-10-02      | Variable      | 7.78%                 | No            |                  2 | On Loan: No      |
| MH Sub I LLC                                                   | MH Sub I LLC, Second Lien, 2021 Replacement CME Term Loan                                         | CUSIP: 55303BAD5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   6100000 | PA      | $5473652.00   | 0.37%             | 2029-02-23      | Variable      | 10.57%                | No            |                  2 | On Loan: No      |
| Guggenheim Partners Investment Management Holdings LLC         | Guggenheim Partners Investment Management Holdings LLC, First Lien, CME Term Loan, B              | CUSIP: 36173YAB6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1696535 | PA      | $1697239.49   | 0.12%             | 2031-11-26      | Variable      | 6.80%                 | No            |                  2 | On Loan: No      |
| First Student Bidco, Inc.                                      | First Student Bidco, Inc., First Lien, CME Term Loan, B                                           | CUSIP: 33718FAK6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   4329674 | PA      | $4317160.79   | 0.30%             | 2028-07-21      | Variable      | 6.80%                 | No            |                  2 | On Loan: No      |
| Primo Brands Corp.                                             | Primo Brands Corp., First Lien, 2025 Refinancing CME Term Loan                                    | CUSIP: 89678QAD8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   5902539 | PA      | $5864910.03   | 0.40%             | 2028-03-31      | Variable      | 6.55%                 | No            |                  2 | On Loan: No      |
| Clydesdale Acquisition Holdings, Inc.                          | Clydesdale Acquisition Holdings, Inc., First Lien, 2025 Incremental Delayed Draw CME Term Loan, B | CUSIP: 18972FAF9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |      3656 | PA      | $3631.37      | 0.00%             | 2032-04-01      | Variable      | 7.48%                 | No            |                  2 | On Loan: No      |
| Aveanna Healthcare LLC                                         | Aveanna Healthcare LLC, First Lien, 2021 Extended CME Term Loan                                   | CUSIP: 05549DAJ7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |  13197615 | PA      | $12983219.69  | 0.89%             | 2028-07-17      | Variable      | 8.16%                 | No            |                  2 | On Loan: No      |
| CCI Buyer, Inc.                                                | CCI Buyer, Inc., First Lien, Initial CME Term Loan                                                | CUSIP: 12510EAC1<br>LEI: 254900TMV7DAFRQALU04 | Long             | LON              | CORP              | US        |   5342850 | PA      | $5351665.98   | 0.37%             | 2027-12-17      | Variable      | 8.30%                 | No            |                  2 | On Loan: No      |
| Cornerstone Building Brands, Inc.                              | Cornerstone Building Brands, Inc., First Lien, CME Term Loan, C                                   | CUSIP: 72431HAE0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2657877 | PA      | $2201466.13   | 0.15%             | 2031-05-15      | Variable      | 8.82%                 | No            |                  2 | On Loan: No      |
| Citadel Securities LP                                          | Citadel Securities LP, First Lien, 2024 CME Term Loan                                             | CUSIP: 17288YAN2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |         0 | PA      | $0.02         | 0.00%             | 2031-10-31      | Variable      | 6.32%                 | No            |                  2 | On Loan: No      |
| Cloudera, Inc.                                                 | Cloudera, Inc., Second Lien, Initial CME Term Loan                                                | CUSIP: 74339VAE8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3000000 | PA      | $2832510.00   | 0.19%             | 2029-10-10      | Variable      | 10.42%                | No            |                  2 | On Loan: No      |
| Phoenix Guarantor, Inc.                                        | Phoenix Guarantor, Inc., First Lien, CME Term Loan, B5                                            | CUSIP: 71913BAK8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3000675 | PA      | $2984621.13   | 0.20%             | 2031-02-21      | Variable      | 6.82%                 | No            |                  2 | On Loan: No      |
| Priority Holdings LLC                                          | Priority Holdings LLC, First Lien, Initial CME Term Loan                                          | CUSIP: 74275TAF6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3805049 | PA      | $3805048.73   | 0.26%             | 2031-05-16      | Variable      | 9.07%                 | No            |                  2 | On Loan: No      |
| Cloud Software Group, Inc.                                     | Cloud Software Group, Inc., First Lien, Initial Dollar Term Loan, B                               | CUSIP: 88632NBF6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |  11145472 | PA      | $11027664.63  | 0.75%             | 2029-03-30      | Variable      | 7.80%                 | No            |                  2 | On Loan: No      |
| First Student Bidco, Inc.                                      | First Student Bidco, Inc., First Lien, CME Term Loan, B2                                          | CUSIP: 33718FAL4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2951818 | PA      | $2943109.86   | 0.20%             | 2028-07-21      | Variable      | 6.80%                 | No            |                  2 | On Loan: No      |
| Chromalloy Corp.                                               | Chromalloy Corp., First Lien, CME Term Loan                                                       | CUSIP: 17110EAB6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3822558 | PA      | $3770953.91   | 0.26%             | 2031-03-27      | Variable      | 8.04%                 | No            |                  2 | On Loan: No      |
| CHS/Community Health Systems, Inc.                             | CHS/Community Health Systems, Inc.                                                                | CUSIP: 12543DBD1<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5005610.00   | 0.34%             | 2027-12-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Pro Mach Group, Inc.                                           | Pro Mach Group, Inc., First Lien, Amendment No. 5 Refinancing CME Term Loan                       | CUSIP: 74273JAK9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   6072277 | PA      | $6044040.52   | 0.41%             | 2028-08-31      | Variable      | 7.07%                 | No            |                  2 | On Loan: No      |
| Flutter Financing BV                                           | Flutter Financing BV, First Lien, 2024 Refinancing CME Term Loan, B                               | CUSIP: N3313EAG5<br>LEI: N/A                  | Long             | LON              | CORP              | NL        |   4444200 | PA      | $4387269.68   | 0.30%             | 2030-12-02      | Variable      | 6.05%                 | No            |                  2 | On Loan: No      |
| Dynasty Acquisition Co., Inc.                                  | Dynasty Acquisition Co., Inc., First Lien, Initial CME Term Loan, B2                              | CUSIP: 26812CAP1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    717935 | PA      | $714927.17    | 0.05%             | 2031-10-31      | Variable      | 6.32%                 | No            |                  2 | On Loan: No      |
| UGI Energy Services LLC                                        | UGI Energy Services LLC, First Lien, Initial CME Term Loan                                        | CUSIP: 90276DAE9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2788376 | PA      | $2791164.22   | 0.19%             | 2030-02-22      | Variable      | 7.96%                 | No            |                  2 | On Loan: No      |
| White Cap Supply Holdings LLC                                  | White Cap Supply Holdings LLC, First Lien, CME Term Loan, C                                       | CUSIP: 96350TAH3<br>LEI: 254900L2N0T6GULCL366 | Long             | LON              | CORP              | US        |   5516293 | PA      | $5390714.30   | 0.37%             | 2029-10-19      | Variable      | 7.57%                 | No            |                  2 | On Loan: No      |
| Sovos Compliance LLC                                           | Sovos Compliance LLC, First Lien, Amendment No. 2 Replacement CME Term Loan                       | CUSIP: 84611YAE0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   7002102 | PA      | $6984036.87   | 0.48%             | 2029-08-13      | Variable      | 8.32%                 | No            |                  2 | On Loan: No      |
| American Airlines, Inc.                                        | American Airlines, Inc.                                                                           | CUSIP: 023771T40<br>LEI: IWUQB36BXD6OWD6X4T14 | Long             | DBT              | CORP              | US        |   4300000 | PA      | $4385221.27   | 0.30%             | 2029-05-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Millennium Lender Claim Trust                                  | 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      | $1249274.17   | 0.09%             | 2031-01-31      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| INEOS US Finance LLC                                           | INEOS US Finance LLC, First Lien, 2030 Dollar CME Term Loan                                       | CUSIP: G4768PAN1<br>LEI: 5493008MHJ4R367SNK31 | Long             | LON              | CORP              | US        |   1457874 | PA      | $1368214.75   | 0.09%             | 2030-02-18      | Variable      | 7.57%                 | No            |                  2 | On Loan: No      |
| Spring Education Group, Inc.                                   | Spring Education Group, Inc., First Lien, CME Term Loan                                           | CUSIP: 84840EAC1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1515268 | PA      | $1513691.88   | 0.10%             | 2030-09-30      | Variable      | 8.30%                 | No            |                  2 | On Loan: No      |
| Talos Energy, Inc.                                             | Talos Energy, Inc.                                                                                | CUSIP: 87484T108<br>LEI: 549300OKFHZ84SFJFT95 | Long             | EC               | CORP              | US        |    961663 | NS      | $6616241.44   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Global Tel*Link Corp.                                          | Global Tel*Link Corp., First Lien, Initial CME Term Loan                                          | CUSIP: 37959JAG6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   4358100 | PA      | $4118404.50   | 0.28%             | 2029-07-31      | Variable      | 11.82%                | No            |                  2 | On Loan: No      |
| Whatabrands LLC                                                | Whatabrands LLC, First Lien, 2024-2 Refinancing CME Term Loan. B                                  | CUSIP: 96244UAJ6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   5196358 | PA      | $5173831.47   | 0.35%             | 2028-08-03      | Variable      | 6.82%                 | No            |                  2 | On Loan: No      |
| First Brands Group LLC                                         | First Brands Group LLC, Second Lien, 2021 CME Term Loan                                           | CUSIP: 31935HAF4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   5920469 | PA      | $5047199.77   | 0.35%             | 2028-03-30      | Variable      | 13.05%                | No            |                  2 | On Loan: No      |
| Red SPV LLC                                                    | Red SPV LLC, First Lien, Initial CME Term Loan                                                    | CUSIP: 75701MAE5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2730496 | PA      | $2720257.09   | 0.19%             | 2032-03-15      | Variable      | 6.58%                 | No            |                  2 | On Loan: No      |
| Reworld Holding Corp.                                          | Reworld Holding Corp., First Lien, 2024 Refinancing CME Term Loan, C                              | CUSIP: 22282GAK3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    206145 | PA      | $205629.99    | 0.01%             | 2028-11-30      | Variable      | 6.82%                 | No            |                  2 | On Loan: No      |
| Foundation Building Materials                                  | Foundation Building Materials, Inc., First Lien, CME Term Loan                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   9037398 | PA      | $8354758.33   | 0.57%             | 2031-01-29      | Variable      | 8.55%                 | No            |                  2 | On Loan: No      |
| Endo Finance Holdings, Inc.                                    | Endo Finance Holdings, Inc., First Lien, 2024 Refinancing CME Term Loan                           | CUSIP: 29280UAD5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1225369 | PA      | $1190140.08   | 0.08%             | 2031-04-23      | Variable      | 8.32%                 | No            |                  2 | On Loan: No      |
| Allied Universal Holdco LLC                                    | Allied Universal Holdco LLC                                                                       | CUSIP: 019576AD9<br>LEI: 98450038B4549046D794 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1533593.39   | 0.10%             | 2031-02-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| TransDigm, Inc.                                                | TransDigm, Inc., First Lien, CME Term Loan, J                                                     | CUSIP: 89364MCA0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   4152041 | PA      | $4115897.94   | 0.28%             | 2031-02-28      | Variable      | 6.80%                 | No            |                  2 | On Loan: No      |
| ADMI Corp.                                                     | ADMI Corp., First Lien, Amendment No. 5 CME Term Loan                                             | CUSIP: 00709LAJ6<br>LEI: 5493008U1LYGMQWO7N12 | Long             | LON              | CORP              | US        |   3872474 | PA      | $3707893.50   | 0.25%             | 2027-12-23      | Variable      | 8.19%                 | No            |                  2 | On Loan: No      |
| GTCR Everest Borrower LLC                                      | GTCR Everest Borrower LLC, First Lien, Initial CME Term Loan                                      | CUSIP: 36269YAC9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1985075 | PA      | $1975923.43   | 0.14%             | 2031-09-05      | Variable      | 7.05%                 | No            |                  2 | On Loan: No      |
| Asurion LLC                                                    | Asurion LLC, First Lien, New CME Term Loan, B9                                                    | CUSIP: 04649VAY6<br>LEI: 549300KNQVXGIOXWK278 | Long             | LON              | CORP              | US        |      8125 | PA      | $7961.16      | 0.00%             | 2027-07-30      | Variable      | 7.69%                 | No            |                  2 | On Loan: No      |
| Red Planet Borrower LLC                                        | Red Planet Borrower LLC, First Lien, CME Term Loan, B                                             | CUSIP: 57165KAB2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3023108 | PA      | $2966424.35   | 0.20%             | 2028-10-02      | Variable      | 7.92%                 | No            |                  2 | On Loan: No      |
| Rocket Software, Inc.                                          | Rocket Software, Inc., First Lien, CME Term Loan                                                  | CUSIP: 77313DAW1<br>LEI: 549300PVG26ISP5X1556 | Long             | LON              | CORP              | US        |   5130692 | PA      | $5102883.25   | 0.35%             | 2028-11-28      | Variable      | 8.57%                 | No            |                  2 | On Loan: No      |
| MPH Acquisition Holdings LLC                                   | MPH Acquisition Holdings LLC, First Lien, Second Out CME Term Loan                                | CUSIP: 55328HAQ4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   6744306 | PA      | $5395445.08   | 0.37%             | 2030-12-31      | Variable      | 9.14%                 | No            |                  2 | On Loan: No      |
| BNP Paribas Securities Corp.                                   | BNP Paribas Securities Corp.                                                                      | CUSIP: N/A<br>LEI: 2J5703FH5U5M97R1I237       | Long             | RA               | CORP              | US        |  29910372 | PA      | $29910371.62  | 2.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Wand NewCo 3, Inc.                                             | Wand NewCo 3, Inc., First Lien, Initial CME Term Loan                                             | CUSIP: 93369PAM6<br>LEI: 549300Y3VZEWMSQW8494 | Long             | LON              | CORP              | US        |   5198705 | PA      | $5135177.08   | 0.35%             | 2031-01-30      | Variable      | 6.82%                 | No            |                  2 | On Loan: No      |
| Southern Veterinary Partners LLC                               | Southern Veterinary Partners LLC, First Lien, 2024-3 New CME Term Loan                            | CUSIP: 84410HAN0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2068966 | PA      | $2065096.63   | 0.14%             | 2031-12-04      | Variable      | 7.53%                 | No            |                  2 | On Loan: No      |
| Organon & Co.                                                  | Organon & Co., First Lien, 2024 Refinancing Dollar CME Term Loan                                  | CUSIP: 68621XAG8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2842657 | PA      | $2728950.87   | 0.19%             | 2031-05-19      | Variable      | 6.57%                 | No            |                  2 | On Loan: No      |
| DexKo Global, Inc.                                             | DexKo Global, Inc., First Lien, 2023 Incremental CME Term Loan                                    | CUSIP: 25213YBC8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1559211 | PA      | $1448116.78   | 0.10%             | 2028-10-04      | Variable      | 8.57%                 | No            |                  2 | On Loan: No      |
| Surgery Center Holdings, Inc.                                  | Surgery Center Holdings, Inc., First Lien, 2024 Refinancing CME Term Loan                         | CUSIP: 86880NBB8<br>LEI: 54930054EVI5HWPPW113 | Long             | LON              | CORP              | US        |    916667 | PA      | $915236.67    | 0.06%             | 2030-12-19      | Variable      | 7.07%                 | No            |                  2 | On Loan: No      |
| Clarios Global LP                                              | Clarios Global LP, First Lien, Amendment No. 6 Dollar CME Term Loan                               | CUSIP: C8000CAP8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   4829172 | PA      | $4742657.42   | 0.32%             | 2032-01-28      | Variable      | 7.07%                 | No            |                  2 | On Loan: No      |
| Calpine Construction Finance Co. LP                            | Calpine Construction Finance Co. LP, First Lien, Refinancing CME Term Loan                        | CUSIP: 13134NAH4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3184000 | PA      | $3178682.72   | 0.22%             | 2030-07-19      | Variable      | 6.32%                 | No            |                  2 | On Loan: No      |
| Medline Borrower LP                                            | Medline Borrower LP, First Lien, Dollar Incremental CME Term Loan                                 | CUSIP: 58503UAF0<br>LEI: 254900QT3R363TVK6F09 | Long             | LON              | CORP              | US        |  18188772 | PA      | $18087369.88  | 1.24%             | 2028-10-23      | Variable      | 6.57%                 | No            |                  2 | On Loan: No      |
| Pathway Vet Alliance LLC                                       | Pathway Vet Alliance LLC, First Lien, 2021 Replacement Term Loan                                  | CUSIP: 70323KAE8<br>LEI: 2549001HRKTHAW7MOH74 | Long             | LON              | CORP              | US        |   9147726 | PA      | $7177168.42   | 0.49%             | 2027-03-31      | Variable      | 8.34%                 | No            |                  2 | On Loan: No      |
| KUEHG Corp.                                                    | KUEHG Corp., First Lien, 2024 Refinancing CME Term Loan                                           | CUSIP: 50118YAG4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   4466530 | PA      | $4456972.07   | 0.30%             | 2030-06-12      | Variable      | 7.55%                 | No            |                  2 | On Loan: No      |
| GNC Holdings, Inc.                                             | GNC Holdings, Inc., Second Lien, CME Term Loan                                                    | CUSIP: 36260UAB8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |  16493169 | PA      | $11215355.08  | 0.77%             | 2026-10-07      | Variable      | 10.42%                | No            |                  2 | On Loan: No      |
| Alliant Holdings Intermediate LLC                              | Alliant Holdings Intermediate LLC, First Lien, Initial CME Term Loan                              | CUSIP: 01881UAM7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |  13749561 | PA      | $13670088.94  | 0.93%             | 2031-09-19      | Variable      | 7.07%                 | No            |                  2 | On Loan: No      |
| Calpine Corp.                                                  | Calpine Corp.                                                                                     | CUSIP: 131347CM6<br>LEI: 43R4VPJBXTU2O15HEF41 | Long             | DBT              | CORP              | US        |   4400000 | PA      | $4307279.68   | 0.29%             | 2028-02-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Ingenovis Health, Inc.                                         | Ingenovis Health, Inc., First Lien, Initial CME Term Loan                                         | CUSIP: 12510MAB5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1057510 | PA      | $430052.41    | 0.03%             | 2028-03-06      | Variable      | 8.82%                 | No            |                  2 | On Loan: No      |
| Banijay Entertainment SAS                                      | Banijay Entertainment SAS, First Lien, CME Term Loan, B3                                          | CUSIP: F6456UAE3<br>LEI: N/A                  | Long             | LON              | CORP              | FR        |   1726167 | PA      | $1718969.16   | 0.12%             | 2028-03-01      | Variable      | 7.07%                 | No            |                  2 | On Loan: No      |
| Caesars Entertainment, Inc.                                    | Caesars Entertainment, Inc.                                                                       | CUSIP: 12769GAC4<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |   3600000 | PA      | $3621970.80   | 0.25%             | 2032-02-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| LaserShip, Inc.                                                | LaserShip, Inc., First Lien, CME Term Loan, D                                                     | CUSIP: 51809EAP0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   5315981 | PA      | $799071.67    | 0.05%             | 2029-08-10      | Variable      | 6.06%                 | No            |                  2 | On Loan: No      |
| Clue Opco LLC                                                  | Clue Opco LLC, First Lien, CME Term Loan, B                                                       | CUSIP: 18948EAC0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   9480366 | PA      | $8593714.79   | 0.59%             | 2030-12-19      | Variable      | 8.78%                 | No            |                  2 | On Loan: No      |
| EMRLD Borrower LP                                              | EMRLD Borrower LP, First Lien, Initial CME Term Loan, B                                           | CUSIP: 26872NAC3<br>LEI: 5493000GJYE7GAQCUC61 | Long             | LON              | CORP              | US        |   1303630 | PA      | $1290678.78   | 0.09%             | 2030-05-31      | Variable      | 6.93%                 | No            |                  2 | On Loan: No      |
| Clydesdale Acquisition Holdings, Inc.                          | Clydesdale Acquisition Holdings, Inc., First Lien, 2025 Incremental Closing Date CME Term Loan, B | CUSIP: 18972FAE2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   6971711 | PA      | $6923815.69   | 0.47%             | 2032-04-01      | Variable      | 7.55%                 | No            |                  2 | On Loan: No      |
| Jane Street Group LLC                                          | Jane Street Group LLC, First Lien, Extended CME Term Loan                                         | CUSIP: 47077DAM2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   5277556 | PA      | $5212351.37   | 0.36%             | 2031-12-15      | Variable      | 6.31%                 | No            |                  2 | On Loan: No      |
| IRB Holding Corp.                                              | IRB Holding Corp., First Lien, 2024 Second Replacement CME Term Loan, B                           | CUSIP: 44988LAL1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |  12176579 | PA      | $12101449.36  | 0.83%             | 2027-12-15      | Variable      | 6.82%                 | No            |                  2 | On Loan: No      |
| Hamilton Projects Acquiror LLC                                 | Hamilton Projects Acquiror LLC, First Lien, CME Term Loan                                         | CUSIP: 40444KAB1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    870452 | PA      | $874417.33    | 0.06%             | 2031-05-30      | Variable      | 7.32%                 | No            |                  2 | On Loan: No      |
| Talen Energy Supply LLC                                        | Talen Energy Supply LLC, First Lien, Initial CME Term Loan, B                                     | CUSIP: 87422LAV2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   9798129 | PA      | $9785881.63   | 0.67%             | 2030-05-17      | Variable      | 6.82%                 | No            |                  2 | On Loan: No      |
| Light & Wonder International, Inc.                             | Light & Wonder International, Inc., First Lien, CME Term Loan, B2                                 | CUSIP: 80875AAW1<br>LEI: RLTHESQ0RNFQJWPBJN60 | Long             | LON              | CORP              | US        |   4299276 | PA      | $4301081.30   | 0.29%             | 2029-04-16      | Variable      | 6.57%                 | No            |                  2 | On Loan: No      |
| Polaris Newco LLC                                              | Polaris Newco LLC, First Lien, Dollar CME Term Loan                                               | CUSIP: 73108RAB4<br>LEI: 254900LEPDAG7EDOA064 | Long             | LON              | CORP              | US        |   3102649 | PA      | $2999392.92   | 0.21%             | 2028-06-02      | Variable      | 8.29%                 | No            |                  2 | On Loan: No      |
| Dynasty Acquisition Co., Inc.                                  | Dynasty Acquisition Co., Inc., First Lien, Initial CME Term Loan, B1                              | CUSIP: 26812CAN6<br>LEI: 549300L1RCRPOAUCB870 | Long             | LON              | CORP              | US        |   1887475 | PA      | $1879566.60   | 0.13%             | 2031-10-31      | Variable      | 6.32%                 | No            |                  2 | On Loan: No      |
| Cornerstone Building Brands, Inc.                              | Cornerstone Building Brands, Inc., First Lien, New CME Term Loan, B                               | CUSIP: 72431HAD2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   4442689 | PA      | $3902768.94   | 0.27%             | 2028-04-12      | Variable      | 7.67%                 | No            |                  2 | On Loan: No      |
| Klockner Pentaplast of America, Inc.                           | Klockner Pentaplast of America, Inc., First Lien, USD CME Term Loan, B                            | CUSIP: 49865NAT7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   7532012 | PA      | $6814587.45   | 0.47%             | 2026-02-09      | Variable      | 9.23%                 | No            |                  2 | On Loan: No      |
| LifePoint Health, Inc.                                         | LifePoint Health, Inc., First Lien, CME Term Loan, B1                                             | CUSIP: 75915TAK8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |  10279569 | PA      | $10106101.58  | 0.69%             | 2031-05-19      | Variable      | 8.01%                 | No            |                  2 | On Loan: No      |
| US Anesthesia Partners, Inc.                                   | US Anesthesia Partners, Inc., First Lien, Initial CME Term Loan                                   | CUSIP: 90350HAL3<br>LEI: 549300J001GMNRO7SQ51 | Long             | LON              | CORP              | US        |   5267731 | PA      | $5220637.15   | 0.36%             | 2028-10-02      | Variable      | 8.69%                 | No            |                  2 | On Loan: No      |
| AZZ, Inc.                                                      | AZZ, Inc., First Lien, Initial CME Term Loan                                                      | CUSIP: 00247NAG7<br>LEI: 549300HD1X2NFLWPYC83 | Long             | LON              | CORP              | US        |   1625344 | PA      | $1626766.25   | 0.11%             | 2029-05-14      | Variable      | 6.82%                 | No            |                  2 | On Loan: No      |
| Peer Holding III BV                                            | Peer Holding III BV, First Lien, CME Term Loan, B4B                                               | CUSIP: N6872NAM8<br>LEI: N/A                  | Long             | LON              | CORP              | NL        |    480000 | PA      | $478600.80    | 0.03%             | 2030-10-28      | Variable      | 6.80%                 | No            |                  2 | On Loan: No      |
| UTEX Industries, Inc.                                          | UTEX Industries, Inc.                                                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    261340 | NS      | $11681312.34  | 0.80%             |  |  |  | No            |                  3 | On Loan: No      |
| Clover Holdings 2 LLC                                          | Clover Holdings 2 LLC, First Lien, Initial CME Term Loan                                          | CUSIP: 18914DAB4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3167063 | PA      | $3167062.55   | 0.22%             | 2031-12-09      | Variable      | 8.29%                 | No            |                  2 | On Loan: No      |
| MKS Instruments, Inc.                                          | MKS Instruments, Inc., First Lien, 2025-1 Dollar CME Term Loan, B                                 | CUSIP: 55314NAZ7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   4372169 | PA      | $4351401.66   | 0.30%             | 2029-08-17      | Variable      | 6.32%                 | No            |                  2 | On Loan: No      |
| First Student Bidco, Inc.                                      | First Student Bidco, Inc., First Lien, Initial CME Term Loan, C                                   | CUSIP: 33718FAM2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1324065 | PA      | $1320238.42   | 0.09%             | 2028-07-21      | Variable      | 6.80%                 | No            |                  2 | On Loan: No      |
| AthenaHealth Group, Inc.                                       | AthenaHealth Group, Inc., First Lien, Initial CME Term Loan                                       | CUSIP: 04686RAB9<br>LEI: 254900AA3KZN4Q7A5Z33 | Long             | LON              | CORP              | US        |  13936811 | PA      | $13843225.68  | 0.95%             | 2029-02-15      | Variable      | 7.32%                 | No            |                  2 | On Loan: No      |
| Zayo Group Holdings, Inc.                                      | Zayo Group Holdings, Inc., First Lien, 2022 Incremental CME Term Loan                             | CUSIP: 98919XAE1<br>LEI: 529900Z6OTS7RT0V0I47 | Long             | LON              | CORP              | US        |   3477471 | PA      | $3262094.12   | 0.22%             | 2027-03-09      | Variable      | 8.57%                 | No            |                  2 | On Loan: No      |
| Allegiant Travel Co.                                           | Allegiant Travel Co.                                                                              | CUSIP: 01748XAD4<br>LEI: 549300JM9OZXOHWL2K18 | Long             | DBT              | CORP              | US        |   4300000 | PA      | $3975162.95   | 0.27%             | 2027-08-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Signia Aerospace LLC                                           | Signia Aerospace LLC, First Lien, Initial CME Term Loan                                           | CUSIP: 82670NAB2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2530120 | PA      | $2509563.26   | 0.17%             | 2031-12-11      | Variable      | 7.32%                 | No            |                  2 | On Loan: No      |
| Deutsche Bank Securities Inc.                                  | Deutsche Bank Securities Inc.                                                                     | CUSIP: N/A<br>LEI: 9J6MBOOO7BECTDTUZW19       | Long             | RA               | CORP              | US        |   5501921 | PA      | $5501921.36   | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| First Eagle Holdings, Inc.                                     | First Eagle Holdings, Inc., First Lien, CME Term Loan, B2                                         | CUSIP: 05554JAJ6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   4455000 | PA      | $4449119.40   | 0.30%             | 2029-03-05      | Variable      | 7.30%                 | 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        |   2466667 | PA      | $2452285.98   | 0.17%             | 2026-04-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Banijay Entertainment SAS                                      | Banijay Entertainment SAS                                                                         | CUSIP: 060335AB2<br>LEI: 969500CE0IE2EZ5VBG13 | Long             | DBT              | CORP              | FR        |   2300000 | PA      | $2359500.22   | 0.16%             | 2029-05-01      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| Radiology Partners, Inc.                                       | Radiology Partners, Inc., First Lien, CME Term Loan, B                                            | CUSIP: 75041EAJ1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   8934110 | PA      | $8664970.08   | 0.59%             | 2029-01-31      | Variable      | 7.94%                 | No            |                  2 | On Loan: No      |
| ProAmpac PG Borrower LLC                                       | ProAmpac PG Borrower LLC, First Lien, 2024 CME Term Loan, B                                       | CUSIP: 74274NAL7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   4758436 | PA      | $4695386.67   | 0.32%             | 2028-09-15      | Variable      | 8.28%                 | No            |                  2 | On Loan: No      |
| Cotiviti, Inc.                                                 | Cotiviti, Inc., First Lien, Amendment No. 2 CME Term Loan                                         | CUSIP: 22164MAF4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3700000 | PA      | $3627535.50   | 0.25%             | 2032-03-26      | Variable      | 7.08%                 | No            |                  2 | On Loan: No      |
| Russell Investments US Institutional Holdco, Inc.              | Russell Investments US Institutional Holdco, Inc., First Lien, 2027 CME Term Loan                 | CUSIP: 78249LAE0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   8141117 | PA      | $7611985.19   | 0.52%             | 2027-05-28      | Variable      | 9.28%                 | No            |                  2 | On Loan: No      |
| Great Canadian Gaming Corp.                                    | Great Canadian Gaming Corp.                                                                       | CUSIP: 389925AA6<br>LEI: 549300FU60SSFLTE0M84 | Long             | DBT              | CORP              | CA        |   1000000 | PA      | $992376.20    | 0.07%             | 2029-11-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| Peer Holding III BV                                            | Peer Holding III BV, First Lien, CME Term Loan, B5B                                               | CUSIP: N6872NAN6<br>LEI: N/A                  | Long             | LON              | CORP              | NL        |   4472139 | PA      | $4459572.49   | 0.30%             | 2031-07-01      | Variable      | 6.80%                 | No            |                  2 | On Loan: No      |
| Ontario Gaming GTA LP                                          | Ontario Gaming GTA LP, First Lien, CME Term Loan, B                                               | CUSIP: C6907UAB7<br>LEI: 894500EC9KLZLOC3V025 | Long             | LON              | CORP              | CA        |   6544546 | PA      | $6349845.46   | 0.43%             | 2030-08-01      | Variable      | 8.55%                 | No            |                  2 | On Loan: No      |
| Scientific Games Holdings LP                                   | Scientific Games Holdings LP, First Lien, 2024 Refinancing Dollar CME Term Loan                   | CUSIP: 80875CAE7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   5013273 | PA      | $4975673.82   | 0.34%             | 2029-04-04      | Variable      | 7.28%                 | No            |                  2 | On Loan: No      |
| Cloud Software Group, Inc.                                     | Cloud Software Group, Inc.                                                                        | CUSIP: 18912UAA0<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |   3900000 | PA      | $3933265.83   | 0.27%             | 2029-09-30      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Adient US LLC                                                  | Adient US LLC, First Lien, CME Term Loan, B2                                                      | CUSIP: 00687MAH4<br>LEI: 213800SOTRCDGZUHL712 | Long             | LON              | CORP              | US        |   3608819 | PA      | $3537400.72   | 0.24%             | 2031-01-31      | Variable      | 6.57%                 | No            |                  2 | On Loan: No      |
| Prime Security Services Borrower LLC                           | Prime Security Services Borrower LLC, First Lien, 2024-1 Refinancing CME Term Loan, B1            | CUSIP: 03765VAP5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   5112718 | PA      | $5097916.98   | 0.35%             | 2030-10-15      | Variable      | 6.32%                 | No            |                  2 | On Loan: No      |
| PointClickCare Technologies, Inc.                              | PointClickCare Technologies, Inc., First Lien, 2024-1 CME Term Loan                               | CUSIP: C7365BAF3<br>LEI: N/A                  | Long             | LON              | CORP              | CA        |   2327500 | PA      | $2326778.47   | 0.16%             | 2031-11-03      | Variable      | 7.55%                 | No            |                  2 | On Loan: No      |
| Pathway Vet Alliance LLC                                       | Pathway Vet Alliance LLC, First Lien, CME Term Loan, A                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1388818 | PA      | $1376089.98   | 0.09%             | 2028-06-30      | Variable      | 9.28%                 | No            |                  2 | On Loan: No      |
| Spin Holdco, Inc.                                              | Spin Holdco, Inc., First Lien, Initial CME Term Loan                                              | CUSIP: 84850XAK8<br>LEI: 549300QAS44U2GUXGK45 | Long             | LON              | CORP              | US        |  12775369 | PA      | $10506783.20  | 0.72%             | 2028-03-06      | Variable      | 8.56%                 | No            |                  2 | On Loan: No      |
| Entain plc                                                     | Entain plc, First Lien, CME Term Loan, B3                                                         | CUSIP: 36270BAC6<br>LEI: N/A                  | Long             | LON              | CORP              | IM        |   3310759 | PA      | $3313506.73   | 0.23%             | 2029-10-31      | Variable      | 7.05%                 | No            |                  2 | On Loan: No      |
| Penn Entertainment, Inc.                                       | Penn Entertainment, Inc., First Lien, CME Term Loan, B                                            | CUSIP: 70757DAZ2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3487856 | PA      | $3481542.71   | 0.24%             | 2029-05-03      | Variable      | 6.82%                 | 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        |    379396 | PA      | $375988.41    | 0.03%             | 2025-10-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Broadstreet Partners, Inc.                                     | Broadstreet Partners, Inc., First Lien, 2024 CME Term Loan, B                                     | CUSIP: 11132VAY5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2449945 | PA      | $2441480.59   | 0.17%             | 2031-06-16      | Variable      | 7.32%                 | No            |                  2 | On Loan: No      |
| Madison IAQ LLC                                                | Madison IAQ LLC, First Lien, Initial CME Term Loan                                                | CUSIP: 55759VAB4<br>LEI: 549300IXDNBXNHUPBU73 | Long             | LON              | CORP              | US        |   5345490 | PA      | $5304409.49   | 0.36%             | 2028-06-21      | Variable      | 6.76%                 | No            |                  2 | On Loan: No      |
| Talen Energy Supply LLC                                        | Talen Energy Supply LLC, First Lien, 2024-1 Incremental CME Term Loan, B                          | CUSIP: 87422LAY6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1073543 | PA      | $1071916.18   | 0.07%             | 2031-12-11      | Variable      | 6.82%                 | No            |                  2 | On Loan: No      |
| Bleriot US Bidco, Inc.                                         | Bleriot US Bidco, Inc., First Lien, 2023 CME Term Loan                                            | CUSIP: 09353TAJ9<br>LEI: 254900ALCQ2A2VYD5Z08 | Long             | LON              | CORP              | US        |         0 | PA      | $0.00         | 0.00%             | 2030-10-31      | Variable      | 7.05%                 | No            |                  2 | On Loan: No      |
| Fortress Intermediate 3, Inc.                                  | Fortress Intermediate 3, Inc., First Lien, Initial CME Term Loan                                  | CUSIP: 34966LAB0<br>LEI: 254900NLAZ3JQJW5JP75 | Long             | LON              | CORP              | US        |   6480784 | PA      | $6359269.11   | 0.43%             | 2031-06-27      | Variable      | 8.07%                 | No            |                  2 | On Loan: No      |
| Flynn Restaurant Group LP                                      | Flynn Restaurant Group LP, First Lien, 2025 CME Term Loan                                         | CUSIP: 34410JAG6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3691446 | PA      | $3614165.79   | 0.25%             | 2032-01-28      | Variable      | 8.30%                 | 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      | $28971.61     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Waystar Technologies, Inc.                                     | Waystar Technologies, Inc., First Lien, Initial CME Term Loan                                     | CUSIP: 63939WAM5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3114035 | PA      | $3106249.86   | 0.21%             | 2029-10-22      | Variable      | 6.57%                 | No            |                  2 | On Loan: No      |
| Glatfelter Corp.                                               | Glatfelter Corp., First Lien, CME Term Loan                                                       | CUSIP: 89458XAB3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3491250 | PA      | $3352699.74   | 0.23%             | 2031-11-04      | Variable      | 8.56%                 | No            |                  2 | On Loan: No      |
| Asurion LLC                                                    | Asurion LLC, Second Lien, New CME Term Loan, B3                                                   | CUSIP: 04649VAZ3<br>LEI: 549300KNQVXGIOXWK278 | Long             | LON              | CORP              | US        |   7696342 | PA      | $7213934.87   | 0.49%             | 2028-01-31      | Variable      | 9.69%                 | No            |                  2 | On Loan: No      |
| United Airlines, Inc.                                          | United Airlines, Inc., First Lien, CME Term Loan, B                                               | CUSIP: 90932RAP9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2907814 | PA      | $2904644.55   | 0.20%             | 2031-02-24      | Variable      | 6.28%                 | No            |                  2 | On Loan: No      |
| Edelman Financial Engines Center LLC (The)                     | Edelman Financial Engines Center LLC (The), Second Lien, 2024 Refinancing CME Term Loan           | CUSIP: 27943TAC3<br>LEI: 549300Z31KZXNP05U733 | Long             | LON              | CORP              | US        |   4000000 | PA      | $3917500.00   | 0.27%             | 2028-10-20      | Variable      | 9.57%                 | No            |                  2 | On Loan: No      |
| Aramark Services, Inc.                                         | Aramark Services, Inc., First Lien, CME Term Loan, B8                                             | CUSIP: 03852JAV3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1015187 | PA      | $1016770.47   | 0.07%             | 2030-06-24      | Variable      | 6.32%                 | No            |                  2 | On Loan: No      |
| iHeartCommunications, Inc.                                     | iHeartCommunications, Inc., First Lien, Refinanced CME Term Loan, B                               | CUSIP: 45174UAJ7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   7361054 | PA      | $5698670.05   | 0.39%             | 2029-05-01      | Variable      | 10.21%                | No            |                  2 | On Loan: No      |
| Crown Subsea Communications Holding, Inc.                      | Crown Subsea Communications Holding, Inc., First Lien, 2024 CME Term Loan                         | CUSIP: 22860EAJ1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3841935 | PA      | $3847698.38   | 0.26%             | 2031-01-30      | Variable      | 8.32%                 | No            |                  2 | On Loan: No      |
| Gray Media, Inc.                                               | Gray Media, Inc., First Lien, CME Term Loan, D                                                    | CUSIP: 389376AZ7<br>LEI: 529900TM5726KDN7UU35 | Long             | LON              | CORP              | US        |   2377432 | PA      | $2202893.07   | 0.15%             | 2028-12-01      | Variable      | 7.44%                 | No            |                  2 | On Loan: No      |
| Coty, Inc.                                                     | Coty, Inc.                                                                                        | CUSIP: 222070AE4<br>LEI: 549300BO9IWPF3S48F93 | Long             | DBT              | CORP              | US        |   1254000 | PA      | $1246716.52   | 0.09%             | 2026-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CoreLogic, Inc.                                                | CoreLogic, Inc., First Lien, Initial CME Term Loan                                                | CUSIP: 21870FBA6<br>LEI: 54930086CD8K2UIL0516 | Long             | LON              | CORP              | US        |   8115897 | PA      | $8026297.94   | 0.55%             | 2028-06-02      | Variable      | 7.94%                 | No            |                  2 | On Loan: No      |
| Zayo Group Holdings, Inc.                                      | Zayo Group Holdings, Inc., First Lien, Initial Dollar CME Term Loan                               | CUSIP: 98919XAB7<br>LEI: 529900Z6OTS7RT0V0I47 | Long             | LON              | CORP              | US        |   5355569 | PA      | $4997415.16   | 0.34%             | 2027-03-09      | Variable      | 7.44%                 | No            |                  2 | On Loan: No      |
| HSBC Securities (USA) Inc.                                     | HSBC Securities (USA) Inc.                                                                        | CUSIP: N/A<br>LEI: CYYGQCGNHMHPSMRL3R97       | Long             | RA               | CORP              | US        |   9571121 | PA      | $9571120.99   | 0.65%             |  |  |  | No            |                  2 | On Loan: No      |
| Petco Health & Wellness Co., Inc.                              | Petco Health & Wellness Co., Inc., First Lien, Initial CME Term Loan                              | CUSIP: 71601HAB2<br>LEI: 2549007TYGV6RVSE9M61 | Long             | LON              | CORP              | US        |  11720028 | PA      | $10261236.02  | 0.70%             | 2028-03-03      | Variable      | 7.81%                 | No            |                  2 | On Loan: No      |
| Great Outdoors Group LLC                                       | Great Outdoors Group LLC, First Lien, CME Term Loan, B                                            | CUSIP: 07014QAP6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   5613579 | PA      | $5502710.77   | 0.38%             | 2032-01-23      | Variable      | 7.57%                 | No            |                  2 | On Loan: No      |
| WWEX UNI TopCo Holdings LLC                                    | WWEX UNI TopCo Holdings LLC, First Lien, Initial CME Term Loan                                    | CUSIP: 00435UAF5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   5652854 | PA      | $5491492.94   | 0.38%             | 2028-07-26      | Variable      | 8.30%                 | No            |                  2 | On Loan: No      |
| Dun & Bradstreet Corp. (The)                                   | Dun & Bradstreet Corp. (The), First Lien, Incremental CME Term Loan, B2                           | CUSIP: 26483NAW0<br>LEI: RI37BMPWE56BCJ747E14 | Long             | LON              | CORP              | US        |   3768633 | PA      | $3761566.67   | 0.26%             | 2029-01-18      | Variable      | 6.57%                 | No            |                  2 | On Loan: No      |
| Project Alpha Intermediate Holding, Inc.                       | Project Alpha Intermediate Holding, Inc., First Lien, Second Amendment Refinancing CME Term Loan  | CUSIP: 74339DAN8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   5893451 | PA      | $5876683.84   | 0.40%             | 2030-10-28      | Variable      | 7.55%                 | No            |                  2 | On Loan: No      |
| Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer                                    | CUSIP: 01883LAG8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4000000 | PA      | $3996798.80   | 0.27%             | 2031-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Simply Good Foods USA, Inc.                                    | Simply Good Foods USA, Inc., First Lien, Initial CME Term Loan                                    | CUSIP: 04761PAJ4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    248476 | PA      | $249524.58    | 0.02%             | 2027-03-17      | Variable      | 6.32%                 | No            |                  2 | On Loan: No      |
| United Airlines, Inc.                                          | United Airlines, Inc.                                                                             | CUSIP: 90932LAG2<br>LEI: K1OQBWM7XEOO08LDNP29 | Long             | DBT              | CORP              | US        |   2485000 | PA      | $2451635.52   | 0.17%             | 2026-04-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Mavis Tire Express Services Topco Corp.                        | Mavis Tire Express Services Topco Corp., First Lien, 2025 Incremental CME Term Loan               | CUSIP: 57777YAG1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1029310 | PA      | $1018183.50   | 0.07%             | 2028-05-04      | Variable      | 7.31%                 | No            |                  2 | On Loan: No      |
| ADMI Corp.                                                     | ADMI Corp., First Lien, CME Term Loan, B5                                                         | CUSIP: 00709LAL1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1154221 | PA      | $1140756.79   | 0.08%             | 2027-12-23      | Variable      | 10.07%                | No            |                  2 | On Loan: No      |
| Asurion LLC                                                    | Asurion LLC, First Lien, New CME Term Loan, B8                                                    | CUSIP: 04649VAX8<br>LEI: 549300KNQVXGIOXWK278 | Long             | LON              | CORP              | US        |   3110236 | PA      | $3090299.53   | 0.21%             | 2026-12-23      | Variable      | 7.69%                 | No            |                  2 | On Loan: No      |
| HUB International Ltd.                                         | HUB International Ltd., First Lien, 2025 Incremental CME Term Loan                                | CUSIP: 44332EAZ9<br>LEI: 549300JQT6ATTUNS5E06 | Long             | LON              | CORP              | US        |  24685084 | PA      | $24555240.67  | 1.68%             | 2030-06-20      | Variable      | 6.77%                 | No            |                  2 | On Loan: No      |
| SupplyOne, Inc.                                                | SupplyOne, Inc., First Lien, CME Term Loan, B                                                     | CUSIP: 86859CAN4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   4935857 | PA      | $4914262.77   | 0.34%             | 2031-04-21      | Variable      | 8.07%                 | 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      | $3740104.29   | 0.26%             | 2028-05-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| AmWINS Group, Inc.                                             | AmWINS Group, Inc., First Lien, Initial CME Term Loan                                             | CUSIP: 03234TBA5<br>LEI: 549300SJE7MUB8NMRG61 | Long             | LON              | CORP              | US        |   1024835 | PA      | $1020915.03   | 0.07%             | 2032-01-30      | Variable      | 6.57%                 | No            |                  2 | On Loan: No      |
| RealTruck Group, Inc.                                          | RealTruck Group, Inc., First Lien, Initial CME Term Loan                                          | CUSIP: 89778PAG2<br>LEI: 54930007KT5CX7XNSD31 | Long             | LON              | CORP              | US        |   1787937 | PA      | $1672552.84   | 0.11%             | 2028-01-31      | Variable      | 7.94%                 | No            |                  2 | On Loan: No      |
| ECI Macola/Max Holding LLC                                     | ECI Macola/Max Holding LLC, First Lien, CME Term Loan, B                                          | CUSIP: 26825UAM3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   6342543 | PA      | $6329858.25   | 0.43%             | 2030-05-09      | Variable      | 7.55%                 | No            |                  2 | On Loan: No      |
| Hilton Grand Vacations Borrower LLC                            | Hilton Grand Vacations Borrower LLC, First Lien, Initial CME Term Loan                            | CUSIP: 43283LAH4<br>LEI: 254900HF0EZ734FDVY79 | Long             | LON              | CORP              | US        |   2924159 | PA      | $2876875.48   | 0.20%             | 2028-08-02      | Variable      | 6.32%                 | No            |                  2 | On Loan: No      |
| Charter Next Generation, Inc.                                  | Charter Next Generation, Inc., First Lien, 2024 Replacement CME Term Loan                         | CUSIP: 16125TAM4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |  10772082 | PA      | $10753230.46  | 0.74%             | 2030-11-29      | Variable      | 7.07%                 | No            |                  2 | On Loan: No      |
| First Brands Group LLC                                         | First Brands Group LLC, First Lien, 2022-2 Incremental CME Term Loan                              | CUSIP: 31935HAG2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   7671539 | PA      | $7148915.48   | 0.49%             | 2027-03-30      | Variable      | 9.54%                 | 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      | $462815.35    | 0.03%             | 2029-07-31      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Zekelman Industries, Inc.                                      | Zekelman Industries, Inc., First Lien, 2024 CME Term Loan                                         | CUSIP: 98931YAD5<br>LEI: 549300S5LMRAKDWWI425 | Long             | LON              | CORP              | US        |   1348359 | PA      | $1345224.02   | 0.09%             | 2031-01-24      | Variable      | 6.57%                 | No            |                  2 | On Loan: No      |
| WestJet Loyalty LP                                             | WestJet Loyalty LP, First Lien, Initial CME Term Loan                                             | CUSIP: C9763HAB3<br>LEI: N/A                  | Long             | LON              | CORP              | CA        |   8824615 | PA      | $8431654.46   | 0.58%             | 2031-02-14      | Variable      | 7.55%                 | No            |                  2 | On Loan: No      |
| Barracuda Networks, Inc.                                       | Barracuda Networks, Inc., First Lien, Initial CME Term Loan                                       | CUSIP: 06832FAB3<br>LEI: 549300CXGRZWNMPU8080 | Long             | LON              | CORP              | US        |   4544297 | PA      | $3811279.41   | 0.26%             | 2029-08-15      | Variable      | 8.78%                 | No            |                  2 | On Loan: No      |
| Neptune Bidco US, Inc.                                         | Neptune Bidco US, Inc.                                                                            | CUSIP: 640695AA0<br>LEI: 549300VG15T3VCYZ4531 | Long             | DBT              | CORP              | US        |   3600000 | PA      | $3208410.00   | 0.22%             | 2029-04-15      | Fixed         | 9.29%                 | No            |                  2 | On Loan: No      |
| Filtration Group Corp.                                         | Filtration Group Corp., First Lien, 2025 Incremental Dollar CME Term Loan                         | CUSIP: 31732FAV8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |  10376923 | PA      | $10379724.85  | 0.71%             | 2028-10-23      | Variable      | 7.32%                 | No            |                  2 | On Loan: No      |
| Allied Universal Holdco LLC                                    | Allied Universal Holdco LLC, First Lien, Initial USD CME Term Loan                                | CUSIP: 01957TAH0<br>LEI: 98450038B4549046D794 | Long             | LON              | CORP              | US        |  13052487 | PA      | $13054967.17  | 0.89%             | 2028-05-12      | Variable      | 8.17%                 | No            |                  2 | On Loan: No      |
| Project Boost Purchaser LLC                                    | Project Boost Purchaser LLC, First Lien, Initial CME Term Loan                                    | CUSIP: 74339NAG1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   6902950 | PA      | $6854042.50   | 0.47%             | 2031-07-16      | Variable      | 7.30%                 | No            |                  2 | On Loan: No      |
| Hexion Holdings Corp.                                          | Hexion Holdings Corp., First Lien, 2024 Refinancing CME Term Loan                                 | CUSIP: 00217XAE6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   5377778 | PA      | $5249087.72   | 0.36%             | 2029-03-15      | Variable      | 8.33%                 | No            |                  2 | On Loan: No      |
| Rand Parent LLC                                                | Rand Parent LLC, First Lien, CME Term Loan, B                                                     | CUSIP: 75223LAD8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   8236730 | PA      | $7655011.12   | 0.52%             | 2030-03-18      | Variable      | 7.30%                 | No            |                  2 | On Loan: No      |
| Fiesta Purchaser, Inc.                                         | Fiesta Purchaser, Inc., First Lien, First Refinancing CME Term Loan                               | CUSIP: 31659LAE2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |         0 | PA      | $0.02         | 0.00%             | 2031-02-12      | Variable      | 7.57%                 | No            |                  2 | On Loan: No      |
| McAfee Corp.                                                   | McAfee Corp., First Lien, CME Term Loan, B1                                                       | CUSIP: 57906HAF4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |  14816818 | PA      | $13967962.71  | 0.96%             | 2029-03-01      | Variable      | 7.32%                 | No            |                  2 | On Loan: No      |
| Gainwell Acquisition Corp.                                     | Gainwell Acquisition Corp., First Lien, CME Term Loan, B                                          | CUSIP: 59909TAC8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   5340259 | PA      | $4982301.02   | 0.34%             | 2027-10-01      | Variable      | 8.40%                 | No            |                  2 | On Loan: No      |
| Fortress Intermediate 3, Inc.                                  | Fortress Intermediate 3, Inc.                                                                     | CUSIP: 34966MAA0<br>LEI: 254900NLAZ3JQJW5JP75 | Long             | DBT              | CORP              | US        |   1800000 | PA      | $1842258.60   | 0.13%             | 2031-06-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Pitney Bowes, Inc.                                             | Pitney Bowes, Inc., First Lien, CME Term Loan, B                                                  | CUSIP: 72448FAW5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   8100000 | PA      | $7988625.00   | 0.55%             | 2032-03-19      | Variable      | 8.07%                 | No            |                  2 | On Loan: No      |
| Madison IAQ LLC                                                | Madison IAQ LLC, First Lien, CME Term Loan, B                                                     | CUSIP: 55759VAD0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   4600000 | PA      | $4564074.00   | 0.31%             | 2032-03-29      | Variable      | 7.38%                 | No            |                  2 | On Loan: No      |
| Edelman Financial Engines Center LLC                           | Edelman Financial Engines Center LLC (The), First Lien, Initial CME Term Loan                     | CUSIP: 27943UAM8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   5330326 | PA      | $5317293.39   | 0.36%             | 2028-04-07      | Variable      | 7.32%                 | No            |                  2 | On Loan: No      |
| Cotiviti, Inc.                                                 | Cotiviti, Inc., First Lien, New CME Term Loan, B                                                  | CUSIP: 22164MAB3<br>LEI: 254900YAQHVRTG4IFI64 | Long             | LON              | CORP              | US        |   6364446 | PA      | $6249090.84   | 0.43%             | 2031-05-01      | Variable      | 7.07%                 | No            |                  2 | On Loan: No      |
| Clydesdale Acquisition Holdings, Inc.                          | Clydesdale Acquisition Holdings, Inc.                                                             | CUSIP: 18972EAD7<br>LEI: 254900QKSDYFR3K5YD98 | Long             | DBT              | CORP              | US        |    240000 | PA      | $245596.15    | 0.02%             | 2032-04-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Genesys Cloud Services, Inc.                                   | Genesys Cloud Services, Inc., First Lien, 2025 Dollar CME Term Loan                               | CUSIP: 39479UAY9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   8530692 | PA      | $8428494.40   | 0.58%             | 2032-01-30      | Variable      | 6.82%                 | No            |                  2 | On Loan: No      |
| INSTITUTIONAL FIDUCIARY TRUST                                  | INSTITUTIONAL FIDUCIARY TRUST                                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | RF                | US        |   9646000 | NS      | $9646000.00   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Roper Industrial Products Investment Co. LLC                   | Roper Industrial Products Investment Co. LLC, First Lien, Dollar CME Term Loan, D                 | CUSIP: 77669LAK9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2906185 | PA      | $2884388.98   | 0.20%             | 2029-11-22      | Variable      | 7.05%                 | No            |                  2 | On Loan: No      |
| MIWD Holdco II LLC                                             | MIWD Holdco II LLC, First Lien, 2024 Incremental CME Term Loan                                    | CUSIP: 55336CAK8<br>LEI: 254900X3SPV5RVFJEY72 | Long             | LON              | CORP              | US        |   3668684 | PA      | $3618863.41   | 0.25%             | 2031-03-28      | Variable      | 7.32%                 | No            |                  2 | On Loan: No      |
| Caesars Entertainment, Inc.                                    | Caesars Entertainment, Inc., First Lien, 2023 Incremental CME Term Loan, B                        | CUSIP: 12768EAG1<br>LEI: 549300FA4CTCW903Y781 | Long             | LON              | CORP              | US        |   4100825 | PA      | $4053665.33   | 0.28%             | 2030-02-06      | Variable      | 6.56%                 | No            |                  2 | On Loan: No      |
| Albion Financing 3 SARL                                        | Albion Financing 3 SARL, First Lien, 2025 Amended USD CME Term Loan                               | CUSIP: 00847NAE6<br>LEI: N/A                  | Long             | LON              | CORP              | LU        |   1411155 | PA      | $1412481.72   | 0.10%             | 2029-08-16      | Variable      | 7.29%                 | No            |                  2 | On Loan: No      |
| Specialty Building Products Holdings LLC                       | Specialty Building Products Holdings LLC, First Lien, Initial CME Term Loan                       | CUSIP: 84748EAF7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2664835 | PA      | $2499988.39   | 0.17%             | 2028-10-16      | Variable      | 8.17%                 | No            |                  2 | On Loan: No      |
| Brand Industrial Services, Inc.                                | Brand Industrial Services, Inc., First Lien, CME Term Loan, C                                     | CUSIP: 10524MAS6<br>LEI: 549300B658W2BPDQMW42 | Long             | LON              | CORP              | US        |   3123786 | PA      | $2904824.60   | 0.20%             | 2030-08-01      | Variable      | 8.79%                 | No            |                  2 | On Loan: No      |
| International Game Technology plc                              | International Game Technology plc                                                                 | CUSIP: 460599AE3<br>LEI: 549300UQ6KHRCZDRGZ76 | Long             | DBT              | CORP              | GB        |   2300000 | PA      | $2250797.48   | 0.15%             | 2029-01-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| GoodRx, Inc.                                                   | GoodRx, Inc., First Lien, 2024 CME Term Loan                                                      | CUSIP: 38245HAG2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   4114688 | PA      | $4121373.87   | 0.28%             | 2029-07-10      | Variable      | 8.07%                 | No            |                  2 | On Loan: No      |
| Mauser Packaging Solutions Holding Co.                         | Mauser Packaging Solutions Holding Co., First Lien, Initial CME Term Loan                         | CUSIP: 57763TAE3<br>LEI: 549300DNGHXL0OMHW304 | Long             | LON              | CORP              | US        |   3722283 | PA      | $3676535.77   | 0.25%             | 2027-04-15      | Variable      | 7.32%                 | No            |                  2 | On Loan: No      |
| First Brands Group LLC                                         | First Brands Group LLC, First Lien, 2021 CME Term Loan                                            | CUSIP: 31935HAD9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   7504319 | PA      | $6996464.56   | 0.48%             | 2027-03-30      | Variable      | 9.55%                 | No            |                  2 | On Loan: No      |
| DIRECTV Financing LLC                                          | DIRECTV Financing LLC, First Lien, 2024 Refinancing CME Term Loan, B                              | CUSIP: 25460HAD4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    682692 | PA      | $662470.96    | 0.05%             | 2029-08-02      | Variable      | 9.79%                 | No            |                  2 | On Loan: No      |
| Boost Newco Borrower LLC                                       | Boost Newco Borrower LLC, First Lien, CME Term Loan, B2                                           | CUSIP: 92943EAG1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |  16875082 | PA      | $16860990.83  | 1.15%             | 2031-01-31      | Variable      | 8.47%                 | No            |                  2 | On Loan: No      |
| Jane Street Group / JSG Finance, Inc.                          | Jane Street Group / JSG Finance, Inc.                                                             | CUSIP: 47077WAD0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5277000 | PA      | $5191352.71   | 0.35%             | 2032-11-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| UFC Holdings LLC                                               | UFC Holdings LLC, First Lien, CME Term Loan, B4                                                   | CUSIP: 90266UAK9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |  12755680 | PA      | $12757656.87  | 0.87%             | 2031-11-21      | Variable      | 6.58%                 | No            |                  2 | On Loan: No      |
| Delta Topco, Inc.                                              | Delta Topco, Inc., First Lien, Fourth Amendment Refinancing CME Term Loan                         | CUSIP: 24780DAJ6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   9125561 | PA      | $9072358.77   | 0.62%             | 2029-11-30      | Variable      | 7.07%                 | No            |                  2 | On Loan: No      |
| Radiology Partners, Inc.                                       | Radiology Partners, Inc.                                                                          | CUSIP: 75041VAB0<br>LEI: 549300SFTAG2177WUZ08 | Long             | DBT              | CORP              | US        |   4933357 | PA      | $4833209.85   | 0.33%             | 2029-01-31      | Fixed         | 7.78%                 | No            |                  2 | On Loan: No      |
| Fertitta Entertainment LLC                                     | Fertitta Entertainment LLC, First Lien, Initial CME Term Loan, B                                  | CUSIP: 31556PAB3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   7462922 | PA      | $7288028.24   | 0.50%             | 2029-01-29      | Variable      | 7.82%                 | No            |                  2 | On Loan: No      |
| Perrigo Investments LLC                                        | Perrigo Investments LLC, First Lien, 2024 Refinancing CME Term Loan, B                            | CUSIP: 71429TAF7<br>LEI: N/A                  | Long             | LON              | CORP              | IE        |         0 | PA      | $0.01         | 0.00%             | 2029-04-20      | Variable      | 6.32%                 | No            |                  2 | On Loan: No      |
| Quikrete Holdings, Inc.                                        | Quikrete Holdings, Inc., First Lien, CME Term Loan, B2                                            | CUSIP: 74839XAK5<br>LEI: 5493007KIN86DIZWZT22 | Long             | LON              | CORP              | US        |   6450932 | PA      | $6361909.23   | 0.44%             | 2029-03-19      | Variable      | 6.57%                 | No            |                  2 | On Loan: No      |
| Flash Charm, Inc.                                              | Flash Charm, Inc., First Lien, CME Term Loan, B2                                                  | CUSIP: 45168RAT0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   4883570 | PA      | $4457796.39   | 0.30%             | 2028-03-02      | Variable      | 7.79%                 | No            |                  2 | On Loan: No      |
| Lummus Technology Holdings V LLC                               | Lummus Technology Holdings V LLC, First Lien, Amendment No. 2 Refinancing CME Term Loan, B        | CUSIP: 45232UAG3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3068451 | PA      | $3068220.59   | 0.21%             | 2029-12-31      | Variable      | 7.32%                 | No            |                  2 | On Loan: No      |
| WEC US Holdings, Inc.                                          | WEC US Holdings, Inc., First Lien, Initial CME Term Loan                                          | CUSIP: 92943LAC4<br>LEI: 5493002M6GRSU1IWMG57 | Long             | LON              | CORP              | US        |   4083429 | PA      | $4051536.99   | 0.28%             | 2031-01-27      | Variable      | 6.57%                 | No            |                  2 | On Loan: No      |
| SCIH Salt Holdings, Inc.                                       | SCIH Salt Holdings, Inc., First Lien, Incremental CME Term Loan, B1                               | CUSIP: 78397GAF8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   7051046 | PA      | $6995343.07   | 0.48%             | 2029-01-31      | Variable      | 7.28%                 | No            |                  2 | On Loan: No      |
| Nexstar Media, Inc.                                            | Nexstar Media, Inc., First Lien, CME Term Loan, B4                                                | CUSIP: 65336RAW8<br>LEI: 5493006PK6I4I2OOT688 | Long             | LON              | CORP              | US        |    821567 | PA      | $822720.82    | 0.06%             | 2026-09-18      | Variable      | 6.94%                 | No            |                  2 | On Loan: No      |
| MH Sub I LLC                                                   | MH Sub I LLC, First Lien, 2024 December New CME Term Loan                                         | CUSIP: 45567YAP0<br>LEI: 2549005VFKP807SR8N49 | Long             | LON              | CORP              | US        |   6631505 | PA      | $5835127.83   | 0.40%             | 2031-12-31      | Variable      | 8.57%                 | No            |                  2 | On Loan: No      |
| ConnectWise LLC                                                | ConnectWise LLC, First Lien, Initial CME Term Loan                                                | CUSIP: 20786NAC1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3143147 | PA      | $3141842.79   | 0.21%             | 2028-09-29      | Variable      | 8.06%                 | No            |                  2 | On Loan: No      |
| ABG Intermediate Holdings 2 LLC                                | ABG Intermediate Holdings 2 LLC, First Lien, CME Term Loan, B1                                    | CUSIP: 00076VBL3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2734570 | PA      | $2688943.83   | 0.18%             | 2028-12-21      | Variable      | 6.67%                 | No            |                  2 | On Loan: No      |
| Primary Products Finance LLC                                   | Primary Products Finance LLC, First Lien, 2024 Second Replacement CME Term Loan, B                | CUSIP: 74167NAE3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |         0 | PA      | $0.04         | 0.00%             | 2029-04-02      | Variable      | 7.53%                 | No            |                  2 | On Loan: No      |
| CHG Healthcare Services, Inc.                                  | CHG Healthcare Services, Inc., First Lien, Refinancing CME Term Loan                              | CUSIP: 12541HAW3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3715422 | PA      | $3709737.06   | 0.25%             | 2028-09-29      | Variable      | 7.31%                 | No            |                  2 | On Loan: No      |
| Central Parent LLC                                             | Central Parent LLC, First Lien, 2024 Refinancing CME Term Loan                                    | CUSIP: 15477BAE7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |  15218580 | PA      | $12747615.07  | 0.87%             | 2029-07-06      | Variable      | 7.55%                 | No            |                  2 | On Loan: No      |
| Invesco Senior Loan ETF                                        | Invesco Senior Loan ETF                                                                           | CUSIP: 46138G508<br>LEI: 549300SIHU6DQELRNG59 | Long             |  | RF                | US        |    613270 | NS      | $12706954.40  | 0.87%             |  |  |  | No            |                  1 | On Loan: —       |
| 24 Hour Fitness Worldwide, Inc.                                | 24 Hour Fitness Worldwide, Inc.                                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    287830 | NS      | $12232.78     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Concentra Health Services, Inc.                                | Concentra Health Services, Inc., First Lien, CME Term Loan, B1                                    | CUSIP: 20602RAD2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    460385 | PA      | $457507.21    | 0.03%             | 2031-07-28      | Variable      | 6.32%                 | No            |                  2 | On Loan: No      |
| Ascensus Group Holdings, Inc.                                  | Ascensus Group Holdings, Inc., First Lien, 2024 CME Term Loan, B                                  | CUSIP: 03836BAH2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   4553107 | PA      | $4536032.60   | 0.31%             | 2028-08-02      | Variable      | 7.32%                 | No            |                  2 | On Loan: No      |
| Hexion Holdings Corp.                                          | Hexion Holdings Corp., Second Lien, Initial CME Term Loan                                         | CUSIP: 42829JAB5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   7370674 | PA      | $6971404.94   | 0.48%             | 2030-03-15      | Variable      | 11.86%                | No            |                  2 | On Loan: No      |
| Sedgwick Claims Management Services, Inc.                      | Sedgwick Claims Management Services, Inc., First Lien, 2024 CME Term Loan                         | CUSIP: 81527CAP2<br>LEI: 549300BIN4DWJG5VWF64 | Long             | LON              | CORP              | US        |  17639382 | PA      | $17577379.63  | 1.20%             | 2031-07-31      | Variable      | 7.31%                 | No            |                  2 | On Loan: No      |
| Cemex SAB de CV                                                | Cemex SAB de CV                                                                                   | CUSIP: 151290BX0<br>LEI: 549300RIG2CXWN6IV731 | Long             | DBT              | CORP              | MX        |   3875000 | PA      | $3762656.35   | 0.26%             | 2030-09-17      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Core & Main LP                                                 | Core & Main LP, First Lien, CME Term Loan, E                                                      | CUSIP: 40416VAH8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1736875 | PA      | $1737604.49   | 0.12%             | 2031-02-10      | Variable      | 6.27%                 | No            |                  2 | On Loan: No      |
| Air Canada                                                     | Air Canada, First Lien, CME Term Loan                                                             | CUSIP: C0102MAS4<br>LEI: N/A                  | Long             | LON              | CORP              | CA        |         0 | PA      | $0.00         | 0.00%             | 2031-03-21      | Variable      | 6.32%                 | No            |                  2 | On Loan: No      |
| Epicor Software Corp.                                          | Epicor Software Corp., First Lien, CME Term Loan, E                                               | CUSIP: 29426NAZ7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   7421702 | PA      | $7395577.57   | 0.51%             | 2031-05-30      | Variable      | 7.07%                 | No            |                  2 | On Loan: No      |
| National Mentor Holdings, Inc.                                 | National Mentor Holdings, Inc., First Lien, Initial CME Term Loan, C                              | CUSIP: 63689EAT2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    216306 | PA      | $206888.38    | 0.01%             | 2028-03-02      | Variable      | 8.15%                 | No            |                  2 | On Loan: No      |
| Asurion LLC                                                    | Asurion LLC, Second Lien, New CME Term Loan, B4                                                   | CUSIP: 04649VBA7<br>LEI: 549300KNQVXGIOXWK278 | Long             | LON              | CORP              | US        |  10622294 | PA      | $9785788.75   | 0.67%             | 2029-01-19      | Variable      | 9.69%                 | No            |                  2 | On Loan: No      |
| Rand Parent LLC                                                | Rand Parent LLC                                                                                   | CUSIP: 753272AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5050000 | PA      | $4701841.33   | 0.32%             | 2030-02-15      | Fixed         | 8.50%                 | 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        |  73075476 | NS      | $73075475.77  | 5.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Minimax Viking GmbH                                            | Minimax Viking GmbH, First Lien, Senior (USD) CME Term Loan, B                                    | CUSIP: 55404TAF9<br>LEI: N/A                  | Long             | LON              | CORP              | DE        |   1269588 | PA      | $1266414.12   | 0.09%             | 2032-02-20      | Variable      | 6.57%                 | No            |                  2 | On Loan: No      |
| Cheniere Energy, Inc.                                          | Cheniere Energy, Inc.                                                                             | CUSIP: 16411RAK5<br>LEI: MIHC87W9WTYSYZWV1J40 | Long             | DBT              | CORP              | US        |   2400000 | PA      | $2377725.79   | 0.16%             | 2028-10-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Ascend Learning LLC                                            | Ascend Learning LLC, First Lien, Initial CME Term Loan                                            | CUSIP: 04349HAN4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   4373298 | PA      | $4330723.56   | 0.30%             | 2028-12-11      | Variable      | 7.32%                 | No            |                  2 | On Loan: No      |
| Neon Maple US Debt Mergersub, Inc.                             | Neon Maple US Debt Mergersub, Inc., First Lien, Term Loan, B1                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   4535637 | PA      | $4512233.26   | 0.31%             | 2031-11-17      | Variable      | 7.32%                 | No            |                  2 | On Loan: No      |
| TK Elevator Midco GmbH                                         | TK Elevator Midco GmbH, First Lien, CME Term Loan, C                                              | CUSIP: D9000BAG7<br>LEI: 549300C2AFWPAYWS5574 | Long             | LON              | CORP              | DE        |   5541055 | PA      | $5526176.98   | 0.38%             | 2030-04-30      | Variable      | 7.74%                 | No            |                  2 | On Loan: No      |
| Zelis Payments Buyer, Inc.                                     | Zelis Payments Buyer, Inc., First Lien, Amendment No. 5 CME Term Loan                             | CUSIP: 98932TAH6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1797987 | PA      | $1765173.32   | 0.12%             | 2031-11-26      | Variable      | 7.57%                 | No            |                  2 | On Loan: No      |
| Deerfield Dakota Holding LLC                                   | Deerfield Dakota Holding LLC, First Lien, Initial Dollar CME Term Loan                            | CUSIP: 24440EAB3<br>LEI: 549300FDREJLOIGXY104 | Long             | LON              | CORP              | US        |   5251495 | PA      | $4991309.93   | 0.34%             | 2027-04-09      | Variable      | 8.05%                 | No            |                  2 | On Loan: No      |
| LifePoint Health, Inc.                                         | LifePoint Health, Inc., First Lien, 2024-2 Refinancing CME Term Loan                              | CUSIP: 75915TAL6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3257035 | PA      | $3188506.83   | 0.22%             | 2031-05-19      | Variable      | 7.82%                 | No            |                  2 | On Loan: No      |
| Boxer Parent Co., Inc.                                         | Boxer Parent Co., Inc., First Lien, 2031 Replacement Dollar CME Term Loan                         | CUSIP: 05988HAQ0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   7100000 | PA      | $6970496.00   | 0.48%             | 2031-07-30      | Variable      | 7.32%                 | No            |                  2 | On Loan: No      |
| Quikrete Holdings, Inc.                                        | Quikrete Holdings, Inc., First Lien, CME Term Loan, B1                                            | CUSIP: 74839XAM1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2243216 | PA      | $2204531.97   | 0.15%             | 2031-04-14      | Variable      | 6.57%                 | No            |                  2 | On Loan: No      |
| Soliant Lower Intermediate LLC                                 | Soliant Lower Intermediate LLC, First Lien, Initial CME Term Loan                                 | CUSIP: 83421EAB2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3697705 | PA      | $3612195.79   | 0.25%             | 2031-07-18      | Variable      | 8.00%                 | No            |                  2 | On Loan: No      |
| Recess Holdings, Inc.                                          | Recess Holdings, Inc., First Lien, Amendment No. 5 CME Term Loan                                  | CUSIP: 72811HAJ9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    293481 | PA      | $291327.03    | 0.02%             | 2030-02-21      | Variable      | 8.03%                 | No            |                  2 | On Loan: No      |
| CPM Holdings, Inc.                                             | CPM Holdings, Inc., First Lien, Initial CME Term Loan                                             | CUSIP: 12620BAR1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   5939850 | PA      | $5764119.15   | 0.39%             | 2028-09-28      | Variable      | 8.82%                 | No            |                  2 | On Loan: No      |
| Playtika Holding Corp.                                         | Playtika Holding Corp., First Lien, CME Term Loan, B1                                             | CUSIP: 72814CAF5<br>LEI: 254900E35Z4TKA4UFG64 | Long             | LON              | CORP              | US        |   4106817 | PA      | $4022318.99   | 0.28%             | 2028-03-13      | Variable      | 7.19%                 | No            |                  2 | On Loan: No      |
| Verde Purchaser LLC                                            | Verde Purchaser LLC, First Lien, Second Refinancing CME Term Loan                                 | CUSIP: 92338TAB2<br>LEI: 2549004HFEKMUGBG3Z35 | Long             | LON              | CORP              | US        |  10016131 | PA      | $9951226.04   | 0.68%             | 2030-11-30      | Variable      | 8.30%                 | No            |                  2 | On Loan: No      |
| Savage Enterprises LLC                                         | Savage Enterprises LLC, First Lien, Refinancing CME Term Loan                                     | CUSIP: 80465JAH1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1229298 | PA      | $1229740.40   | 0.08%             | 2028-09-15      | Variable      | 7.07%                 | No            |                  2 | On Loan: No      |
| US Radiology Specialists, Inc.                                 | US Radiology Specialists, Inc. (US Outpatient Imaging Services, Inc.), First Lien, CME Term Loan  | CUSIP: 90372AAM0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   5126468 | PA      | $5134491.09   | 0.35%             | 2027-12-15      | Variable      | 9.05%                 | No            |                  2 | On Loan: No      |
| Quikrete Holdings, Inc.                                        | Quikrete Holdings, Inc., First Lien, CME Term Loan, B3                                            | CUSIP: 74839XAL3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   4000000 | PA      | $3926580.18   | 0.27%             | 2032-02-10      | Variable      | 6.57%                 | No            |                  2 | On Loan: No      |
| Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer                                    | CUSIP: 01883LAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5300000 | PA      | $5267434.31   | 0.36%             | 2027-10-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ADMI Corp.                                                     | ADMI Corp., First Lien, Amendment No. 4 Refinancing CME Term Loan                                 | CUSIP: 00709LAH0<br>LEI: 5493008U1LYGMQWO7N12 | Long             | LON              | CORP              | US        |   7961995 | PA      | $7633562.38   | 0.52%             | 2027-12-23      | Variable      | 7.81%                 | No            |                  2 | On Loan: No      |
| Acrisure LLC                                                   | Acrisure LLC, First Lien, CME Term Loan, B6                                                       | CUSIP: 00488PAV7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |  10832064 | PA      | $10730567.52  | 0.73%             | 2030-11-06      | Variable      | 7.32%                 | No            |                  2 | On Loan: No      |
| Pre-Paid Legal Services, Inc.                                  | Pre-Paid Legal Services, Inc., First Lien, Initial CME Term Loan                                  | CUSIP: 74006LAS1<br>LEI: 549300DKH5WJ2J8QU878 | Long             | LON              | CORP              | US        |   1402048 | PA      | $1390950.39   | 0.10%             | 2028-12-07      | Variable      | 7.57%                 | No            |                  2 | On Loan: No      |
| McGraw-Hill Education, Inc.                                    | McGraw-Hill Education, Inc., First Lien, CME Term Loan, B                                         | CUSIP: 58063DAF0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1891440 | PA      | $1889245.94   | 0.13%             | 2031-08-06      | Variable      | 7.57%                 | No            |                  2 | On Loan: No      |
| National Mentor Holdings, Inc.                                 | National Mentor Holdings, Inc., First Lien, Initial CME Term Loan                                 | CUSIP: 63689EAR6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   6260282 | PA      | $5987708.92   | 0.41%             | 2028-03-02      | Variable      | 8.17%                 | No            |                  2 | On Loan: No      |
| Asurion LLC                                                    | Asurion LLC, First Lien, New CME Term Loan, B11                                                   | CUSIP: 04649VBC3<br>LEI: 549300KNQVXGIOXWK278 | Long             | LON              | CORP              | US        |   3998565 | PA      | $3886464.92   | 0.27%             | 2028-08-21      | Variable      | 8.67%                 | No            |                  2 | On Loan: No      |
| AI Aqua Merger Sub, Inc.                                       | AI Aqua Merger Sub, Inc., First Lien, 2025 Refinancing CME Term Loan, B                           | CUSIP: 00132UAP9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   7943799 | PA      | $7862454.87   | 0.54%             | 2028-07-31      | Variable      | 7.32%                 | No            |                  2 | On Loan: No      |
| Vibrantz Technologies, Inc.                                    | Vibrantz Technologies, Inc., First Lien, Initial CME Term Loan                                    | CUSIP: 69346EAG2<br>LEI: 549300GYZ1T3S8OPH343 | Long             | LON              | CORP              | US        |   7388366 | PA      | $6638557.57   | 0.45%             | 2029-04-23      | Variable      | 8.64%                 | No            |                  2 | On Loan: No      |
| Cengage Learning, Inc.                                         | Cengage Learning, Inc., First Lien, 2024 Refinancing CME Term Loan                                | CUSIP: 15131YAQ8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2342109 | PA      | $2335188.07   | 0.16%             | 2031-03-24      | Variable      | 7.83%                 | No            |                  2 | On Loan: No      |
| Dermatology Intermediate Holdings III, Inc.                    | Dermatology Intermediate Holdings III, Inc., First Lien, Initial CME Term Loan                    | CUSIP: 24982LAB1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   4446662 | PA      | $4127057.85   | 0.28%             | 2029-03-26      | Variable      | 8.53%                 | No            |                  2 | On Loan: No      |
| MH Sub I LLC                                                   | MH Sub I LLC (Micro Holding Corp.), First Lien, CME Term Loan                                     | CUSIP: 45567YAN5<br>LEI: 2549005VFKP807SR8N49 | Long             | LON              | CORP              | US        |   6555948 | PA      | $6219955.94   | 0.43%             | 2028-05-03      | Variable      | 8.57%                 | No            |                  2 | On Loan: No      |
| IGT Holding IV AB                                              | IGT Holding IV AB, First Lien, CME Term Loan                                                      | CUSIP: W5000CAC1<br>LEI: N/A                  | Long             | LON              | CORP              | SE        |   3423908 | PA      | $3432467.32   | 0.23%             | 2031-08-29      | Variable      | 7.78%                 | No            |                  2 | On Loan: No      |
| INEOS US Petrochem LLC                                         | INEOS US Petrochem LLC, First Lien, New CME Term Loan, B1                                         | CUSIP: G4770MAL8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3552578 | PA      | $3055217.50   | 0.21%             | 2029-04-02      | Variable      | 8.67%                 | No            |                  2 | On Loan: No      |
| UTEX Industries, Inc.                                          | UTEX Industries, Inc.                                                                             | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | US        |       634 | NS      | $786.65       | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Bausch + Lomb Corp.                                            | Bausch + Lomb Corp., First Lien, Initial CME Term Loan                                            | CUSIP: C0787FAB8<br>LEI: 549300NY6OZM39SO6475 | Long             | LON              | CORP              | CA        |   2946970 | PA      | $2917323.17   | 0.20%             | 2027-05-10      | Variable      | 7.67%                 | No            |                  2 | On Loan: No      |
| Jazz Financing Lux SARL                                        | Jazz Financing Lux SARL, First Lien, Dollar CME Term Loan, B2                                     | CUSIP: G5080AAJ1<br>LEI: N/A                  | Long             | LON              | CORP              | LU        |         0 | PA      | $0.00         | 0.00%             | 2028-05-05      | Variable      | 6.57%                 | No            |                  2 | On Loan: No      |
| MPH Acquisition Holdings LLC                                   | MPH Acquisition Holdings LLC, First Lien, Exchange First Out CME Term Loan                        | CUSIP: 55328HAP6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    813609 | PA      | $805066.11    | 0.06%             | 2030-12-31      | Variable      | 8.03%                 | No            |                  2 | On Loan: No      |
| UKG, Inc.                                                      | UKG, Inc., First Lien, Initial CME Term Loan                                                      | CUSIP: 89841EAB1<br>LEI: 529900FKHWSTQ1GXK240 | Long             | LON              | CORP              | US        |  19849011 | PA      | $19803953.35  | 1.35%             | 2031-02-10      | Variable      | 7.32%                 | No            |                  2 | On Loan: No      |
| Grifols Worldwide Operations USA, Inc.                         | Grifols Worldwide Operations USA, Inc., First Lien, CME Term Loan, B                              | CUSIP: 39843PAG8<br>LEI: N/A                  | Long             | LON              | CORP              | IE        |         0 | PA      | $0.00         | 0.00%             | 2027-11-15      | Variable      | 6.46%                 | No            |                  2 | On Loan: No      |
| Truist Insurance Holdings LLC                                  | Truist Insurance Holdings LLC, First Lien, CME Term Loan, B                                       | CUSIP: 89788VAG7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   6146024 | PA      | $6087144.73   | 0.42%             | 2031-05-06      | Variable      | 7.05%                 | 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      | $1375604.98   | 0.09%             | 2029-02-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Reworld Holding Corp.                                          | Reworld Holding Corp., First Lien, 2024 Refinancing CME Term Loan, B                              | CUSIP: 22282GAL1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3744213 | PA      | $3734852.48   | 0.26%             | 2028-11-30      | Variable      | 6.82%                 | No            |                  2 | On Loan: No      |
| Golden State Foods                                             | Golden State Foods LLC, First Lien, Initial CME Term Loan                                         | CUSIP: 38121NAC7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2810805 | PA      | $2820094.31   | 0.19%             | 2031-12-04      | Variable      | 8.57%                 | 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        |   4100000 | PA      | $3907120.99   | 0.27%             | 2029-11-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-05-30

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

**Signature:** Monica Krogh

**Name of Signer:** Monica Krogh

**Title:** Assistant Treasurer